Welcome to the Dinar Guru Archives...
3-20-2017 Intel Guru RayRen98 Iraqi TV is reporting awaiting the release of the new budget which will encompass and supersede all previous budgets (no indication of a time frame yet).
3-20-2017 Newshound Guru Kaperoni Article: "Iraqi economy to a new stage of work" Quote: "Liquidity shortage suffered by the banking sector is in dire need of real moves to activate the capital cycle through the creation of a new deposit policy based on mutual trust between the customer and private banks." This also tells us the urgency to activate the banking system.
3-20-2017 Newshound Guru mike Article: "Iraq declares bankruptcy over the next 10 years" This guy gets it: "the government continues this policy without the presence of viable solutions that could help expand the resources of the state , it will announce the bankruptcy over the next ten years and will pay the price for generations to come flopping happening in the economic policy of the country." It's been two years since the price of oil dropped and Iraq hasn't done much of anything to try and find/create alternate sources of income for the country. The legislation should have been passed a year ago that would enable Iraq to create an open market economy, there is no time to waste, the reserves are eroding every month they delay.
3-20-2017 Intel Guru RayRen98 Let’s just run over the updates: There is an Iraqi flag flying again over Mosul. Sadr is being asked to do a celebration on Friday for all that has taken place rather than a protest over economic reforms still not being fulfilled. Abadi is supposed to be revealing some information on economic reforms either while he is in the US or at the summit. He is supposed to be announcing full liberation and/or elimination of Da’esh. We are still looking for this every day, by the end of the month, which is also the end of the quarter. It needs to be done by then otherwise there will be problems with retroactive payments going back to January.
3-20-2017 Newshound Guru Kaperoni Article: "International Monetary Fund agrees to release contractors' receivables" There has also been a few articles that clearly state that Iraq will begin to pay back loans starting next year, not to mention the recent article that said there will be no further loans for budget shortfalls. You add it all up, funds for contractors, no future loans, etc...they expect big changes yet this year from Iraq.
3-20-20217 Intel Guru ADMINBILL ALERT LEVEL HAS BEEN UPGRADED TO RED (high) FOR THE WEEK OF MARCH 19TH
3-20-2017 Intel/Newshound Guru Mnt Goat Article quote: "...identified its goals to achieve financial stability and the development of banking technically and structurally and organizationally in order to reach financial inclusion where it was in 2016 in the preparation and development of appropriate financial and technical basis of the reality of the Iraqi economy and banking mechanisms." ...this plan had to be stalled before coming to full implementation at the end of 2016 due to getting the regions liberated from ISIS by the end of that year. So one would think then they must come up with a new target and announce it soon to us. The point that they have not yet done this already and we are quickly moving our of EARLY 2017, so this shows us they are still hoping for AS SOON AS POSSIBLE situation. They just told us last week we are looking at an EARLY April timeframe for liberation from ISIS.
3-20-2017 Newshound Guru revbo Article: "Trump welcoming Iraqi PM Abadi to White House" Quote: "President Trump will host Iraqi Prime Minister Haider al-Abadi at the White House on Monday." At 3 p.m...Eastern Time...Trump will meet with Abadi.
3-20-2017 Intel Guru Frank26 [Bluestar: I was blessed with a phone call from a contact and as a result, I will be at a forum with PM Abadi tomorrow at 5 PM eastern in Washington , DC. I will do my best to ask a 4 part question tomorrow. There is no guarantee that I will be allowed to ask my question, but I will try.] BTW...If i could ask A a question it would not be when is Iraq going to RV the currency. Instead ...It would be..."Mr Abadi Sir...Do YOU want an RV for Your country's currency in this year of 2017?"
3-20-2017 Newshound Guru Revbo Article: "International Monetary Fund agrees to release contractors' receivables" Quote: "The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success...This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process." [...why is this huge...?] To me, it's huge because the world is throwing cash at Iraq, and that's a great sign. Means the world thinks Iraq is about to turn the corner. With $9 billion of the $18 billion released two weeks ago going to pay off Kuwait, they should be out of the final Ch. 7 sanctions shortly, and now, the contractors can get back to work. That this is all happening right at the same time CBI has stopped published the market rate for the dinar, I think, it also no coincidence.
3-20-2017 Newshound Guru Kaperoni Article: "International Monetary Fund agrees to release contractors' receivables" Quote: "The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success...This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process." So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
3-19-2017 Newshound/Intel Guru tman23 This week in Washington is the NATIONAL COALITION MEETING...THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER...68! ...THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS...
3-19-2017 Newshound Guru Kaperoni Article: "Sabri: Iraq's economy will rise over the next five years" ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect...
3-19-2017 Newshound Guru mike Iraq's not getting a pass on any of the IMF Article VIII requirements, why would they? Jumping off the peg doesn't serve the people of Iraq, it serves the GOI by lowering internal, dinar associated expenses. All we have to do now is hope that Parliament rolls up its sleeves and creates the environment necessary for an open market economy to thrive.
3-19-2017 Newshound Guru revbo Well, it's Sunday, they have updated for Friday, Saturday, and today, and still no market rate posted on CBI's spreadsheet. Still no idea if it means anything, but this is the first two times in at least the last two years, and as I recall, ever, that that field has been left blank.
3-19-2017 Intel/Newshound Guru tman23 ...ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS... OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED...TICK-TOCK...TICK TOCK.
3-19-2017 Newshound Guru mike [what value does the dinar have to get to to be in the 2% range?] anything 1205 and under is compliant with the IMF's 2% MCP requirement. [reference Kaperoni post below, 3-19-2017]
3-19-2017 Newshound Guru Kaperoni The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements... That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don't see anyway around that. That being said, they could get off the peg without approval from the IMF.
3-19-2017 Newshound Guru firefly Anybody that's been in this investment for any period of time should know that a lot of negative news will pop it's ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated "AFTER MUCH MEDIA PROPAGANDA" This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. ...the true rate will show on the CBI 1st. [You can see the official CBI rate and CBI reported market rate on the left side of this page]
3-19-2017 Intel Guru Frank26 Article: "Iraq begins new consultations with the IMF and the World Bank late next April" ...even AFTER the RV the CBI will continue to meet with the IMF every three months... IMO...Only THE Agreement to become INTERNATIONAL in early 2017 by lifting the 3 000's from their Exchange Rate can help their Economy...
3-18-2017 Newshound Guru firefly Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
3-18-2017 Newshound Guru Kaperoni Article: "Expert: Iraq is heading for a social market economy within the plan that will last until 2030" More importantly, currency reform must begin before they will ever have a market economy.
3-18-2017 Newshound Guru revbo Article: "Head of Prime Minister Haider al-Abadi on the head of a high official delegation, on Saturday, to Washington at the invitation of President of the United States, Donald Trump." So, he's going to be here for three whole days before his actual meeting with President Trump, and right in the middle of the fight of his life. Whatever he's talking about over here must be pretty darn important to pull him away from that, and he must think the Mosul op is close to wrapping up.
3-18-2017 Intel Guru Frank26 Article: "Abadi, head to head an official delegation to Washington to meet with Trump" IOO (In Our Opinion) ...The IMF/CBI meeting will NOT take all 14 days and A will go to meet T before the scheduled 19th.
3-18-2017 Newshound Guru Mnt Goat Article quote: "...we will see in the next few weeks, freeing the city of Mosul completely," he said, adding that after the restoration of Mosul, will continue to restore the rest of the Iraqi and Syrian from the control of the elements of the organization Daesh..." So we can see they moved the target to end of March/early April for full liberation of the region. We also know there is the Iranian influence to take care of, they must secure the boarder with Syria (so ISIS does not infiltrate back), there is some level of Reconciliation and the economy must also crank back up to some level of normalcy...
3-18-2017 Newshound Guru Kaperoni Article: "Detection 3 "goals" Abadi seeks to achieve" Quote: "...three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more "lending", attributing the reason to determine Iraq certain doors by donor countries..." To me, this says they better get to work..and soon... "there are no plans for further lending".
3-18-2017 Newshound Guru Mnt Goat Article quote: "Voice of the Council of Ministers, the draft anti-terrorism law and referred it to the House, also voted on a draft law the Iraq National Oil Company." Folks this is HCL. I said they would be resuming news on the status of the laws very soon. ...Now we see it. This is very good news...the changes to the HCL are completed and the council of ministers forwarded it to parliament for a vote. The ball is in their court.
3-17-2017 Newshound/Intel Guru BGG Quote: "...Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision..." exactly what decisions do the IMF executive board have to make coming up? I mean - they only deal with one thing. INTERNATIONAL MONETARY FUND. [...can the CBI make a move before the DC meetings?] the CBI can do whatever they want...if the IMF doesn't give their blessing who are they gonna' sell their currency to? without international acceptance - there is no market. [post 2 of 2]
3-17-2017 Newshound/Intel Guru BGG Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC." This is saying these finalization talks were already started...and will resume - (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.” Mohammed Saleh...he's been in these big IMF "shindig" meetings from the 5th to the 17th... he's excited. [post 1 of 2....stay tuned]
3-17-2017 Newshound Guru Revbo "Statement at the End of an IMF Mission on Iraq" Quote: "...repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway." [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don't turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
3-17-2017 Newshound Guru Kaperoni "Statement at the End of an IMF Mission on Iraq" Quote: "...repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway." I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
3-17-2017 Intel Guru Frank26 Security and stability is HOT...and Abadi is ready to tell Trump how hot it is. I said give us MOSUL...and you’ll see the process of the MR at lightning speed. Without SECURITY ...no...but I believe they’ve got this. IMO...Trump will talk to Abadi...will get a wonderful report on the entire Middle East region...the MCP...their currency...money laundering...corruption...terrorism...this has been dealt with.
3-17-2017 Newshound Guru revbo I don't know if this means anything, but yesterday was the first time I've ever seen no street rate posted on the CBI's auction page.
3-17-2017 Newshound Guru 1bobby It's amazing how far the Banking Industry has come and continues to go... Article: "Insurance Association of Economics News: start with insurance on ATMs for banks" So why would they want to insure an ATM in such an unstable environment? Some have asked "Does this mean the LD's are ready to roll out?" Not necessarily, but it does indicate they are willing to get them out of the banks and airports and put them into the streets at some point. I loved the quote "Never make such insureance in Iraq, which would provide service to citizens through larger deployment of ATM in the markets and public places and cultural phenomenon which is developed to serve the economy".
3-17-2017 Intel Guru Bruce We are in a situation now we are so close to the blessing to fruition... we are so close that we don’t want to say anything to jeopardize our position in this. Trust me to believe we are in a really good position right now to stay virtually quiet. There may be some announcement coming in near future we are looking for. The Intel has been light the last couple of days, but things are being done behind the scenes...we are in the right place at the right time.
3-16-2017 Intel Guru Frank26 Today...Jubari from Parliament tells Abadi ...“I want to discuss the IMPLEMENTATION of the 2017 budget”. Iraq has really never had a budget...they’ve had it prepared...but never really opened it...just rolls from year to year. Why? Because they are on a program rate. ...the best thing to do is to implement the budget…because you would implement the new rate. Let’s see what happens with Trump and Abadi.
3-16-2017 Newshound Guru mike Article: "government policy support programs in the face of the bank and the International Monetary Fund" Quote: "Decades of government support in the Arab countries, policies have not succeeded in raising the level of the Arab economy and the citizen." This is Iraq's problem, the GOI keep trying to come up with solutions and they consistently fail. Create the legislation necessary for outside investment, empower and support the private banks and move your currency to Article VIII. Government solutions don't work.
3-16-2017 Newshound/Intel Guru loop Article: "Alheims: the government was forced to borrow because of the external costs of the war effort Banks" Quote: "...he pointed to the achievement of the proportion of the profits of the bank increased by 300%, confirmed go half to the Treasury the public." TBI increased it's profits by 300%! It's amazing how profits soar when people are not stealing the money! This little article speaks volumes on how effective the monitoring of the banking system is. A 300% increase in profits under normal economic conditions is beyond huge. Folks Iraq is at war and the TBI saw a 300% increase in profits. That is simply unheard of.
3-16-2017 Newshound/Intel Guru BGG Here's a weird tidbit - just happened this AM ...they changed the way they list the currency auctions - this AM...no rate - they took out the 1182 part. NADA. MIA.
3-16-2017 Intel Guru Frank26 Donald Trump wants security across the entire region...We know Abadi will see Trump on the 19th...and I said earlier...maybe even like tomorrow [Thursday]. IMO...after they are done talking... (several days possible)...then Abadi will leave and will go to the Arabic Summit Meeting. Do you think that Abadi will tell Trump that Mosul is liberated? Will he tell the whole Middle East that terrorism and Daesh is gone? Did you know that about 3 days ago on Iraqi TV...they told the citizens that they are 100% liberated? Could this be why Abadi is coming to America to meet with Trump? I believe we will see things after Abadi visits with Donald Trump. In my strong opinion...I believe Abadi will need to be in Iraq when the announcement happens to lift the value.
[post 2 of 2]
3-16-2017 Intel Guru Frank26 Abadi said in January 2017...Iraq will be an international nation...lifting the value of their currency...BUT...the Governor of the CBI was told to postpone it...which brings us right to where we are...right now. The private sectors have met with the IMF...the first 4 days of this 2 week meeting...that is unheard of. Starting about now (IMF meetings with the CBI)...they will talk about their exchange rate, and monetary policy. That’s why Saleh came out and said that the financial crisis will be behind them...deficit will be lifted...HOW ARE THEY GOING TO DO THAT? ...about 6 days ago...the finance committee hosted Allaq (CBI Governor)...wanted to know if they could talk about the exchange rate. At the start of 2017...we were told they were going to lift the 3 zeros...but it looks like they were given a VARIANCE ...it appears that we are at the end of that VARIANCE right now. They are more than ready to lift the value...as far as the technology, mechanism...the CBI is ready. Yes...Iraq’s leaders feel they are ready. [post 1 of 2....stay tuned]
3-16-2017 Intel Guru ADMINBILL I HAVE HAD A FEW CALLS WHICH REMAIN POSITIVE AS I DO. I WILL KEEP THE ALERT COLOR THE SAME BECAUSE I REMAIN VERY OPTIMISTIC THAT WE ARE NEARER THAN EVER. AS OF LAST NIGHT, I AM FAIRLY CERTAIN THAT THOSE PUSHING THIS FORWARD ARE JUST AS ANXIOUS AS WE ARE TO PUT THIS BEHIND THEM. [reference ADMINBILL post 3-12-2017]
3-16-2017 Newshound/Intel Guru BGG Article: "(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages." Mosul moving to an end soon. Boom. [Whats your thoughts...that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure - but I'm very excited I'm still in this thing!!
3-15-2017 Newshound Guru Kaperoni Article: "Saleh: Iraq is still within safe levels for loans" Quote: "...Iraq is not going to borrow the next budgets but on the contrary will be able to start paying the current loan incurred by him" Better get that market economy going and open the banking system if that is the plan.
3-15-2017 Newshound Guru loop Article: "TBI launches new producer certificate of deposit" Quote: "He added that this certificate has launched with the approval and blessing of the Iraqi Central Bank and is guaranteed payment at the moment of the citizen request to withdraw amounts." This is beyond huge IMO. In the past this is the main complaint that the citizens have had. This is saying that if you deposit your money with us and invest it into these CD you are guaranteed to be able to access your funds when you need to. Getting the citizens to deposit their money into the banks is a critical component of moving to a free market economy. WHen the banks have liquidity they can loan the money needed to fuel the private sector, which will lead to explosive economic growth the likes that we have not seeing in our lifetime... IMO.
3-15-2017 Newshound Guru Adam Montana [How can we be hopeful about an RV when A. Parliament does not put the HCL on the agenda and B. they only meet 2 days a week for just a few hours each time. Are your sources taking those things into account when they give you such positive info about the HCL being in the "strike zone"?] How can we be hopeful... oh, boy, oh boy! Iraq has come such an incredible distance in the past decade... don't let the lengthy process discourage you, my friends! Rome was not built in a day, and a journey of a thousand dinars always begins with the first Parliament meeting. We are past many many hurdles right now! My sources and I constantly discuss the current events, and many of us play "devils advocate" in these conversations. We constantly explore many angles, including negative or adverse aspects of it... yet we constantly come away with positive outlooks, and the intensity is only increasing during the current situation.
3-15-2017 Intel Guru RayRen98 [Are you still hearing that this month is it we will be at the banks? Is there any hold up that you are hearing?] I’m not hearing of any holdup. I still expect it this week, and failing that, next week.
3-15-2017 Intel/Newshound Guru Mnt Goat They told us they did have a target of EARLY 2017 to make this next BIG move, but this is not now going to happen since it is being delayed due to the unexpected fierce resistance in the western half of liberating Mosul. So when can we expect it to resume? ...we can only determine that Mosul region must be liberated first. Remember this is not going to be like someone flicking a switch either like one second Abadi makes his announcement and the next second the switch is flicked to RV but I do not think that once the level of desired STABILITY is obtained they are going to wait too long. The GOI finance committee is ready, the CBI is ready and all are just waiting. Once Mosul is cleared the gate will open again. [post 2 of 2]
3-15-2017 Intel/Newshound Guru Mnt Goat It is my personal understanding we are still on the path to see the “project to delete the zeros” resumed very soon. The CBI and the GOI has told us many times already that they are temporarily putting the project on hold until the battle to liberate Mosul region is completed. A resent article from an interview with Dr. Mohammed Saleh, economic advisor to Prime Minister al – Abadi, was very optimistic in resolving Iraqi debt and moving forward with the economic reforms to a “market economy”. I believe that in order to take their place in a market economy (this next step) they must adjust away from their “closed” sanctioned economy that is stifled by the govt. This means they must also have a currency that is tradable and easy to use. Currently with the 3 zero notes they do not have it. So change is apparent in the very near future if they are to succeed in their market economy. [post 1 of 2....stay tuned]
3-15-2017 Newshound Guru Adam Montana [I'm wondering why would they RV while they are still involved with one of their largest cities, as in Mosul being occupied (in part) by ISIS?] Mosul is only partially occupied by ISIS, and in my opinion ISIS has already been whittled down enough to proceed with an RV. In my opinion, we are looking very strong for a positive movement in the near future
3-15-2017 Intel Guru Bruce We are still feeling very good from what is going on. The timing with this is very good and imminent. I don’t use that term very often, but I would say we are imminent based on information that came out to me today. ...all the pieces of this puzzle are starting to come together. We know there is an announcement coming about taking back Mosul. I don’t know for sure if Abadi is going to make it there, but I do know Abadi is planning a trip here. I would say that would put Iraq pretty much done. They have their rate, and...sovereignty. Their rate was published in the Gazette. It won’t be put on the CBI until they want everybody to know about it internationally... ...the 15th is a significant day...It is when the new UN Operational rates are supposed to show. ...you are in a great place. Stay patient.
3-15-2017 Newshound Guru My Ladies Article: "Iraq to get 10 billion pound loan for British contracts" WE JUST SAW THE UK ISSUE LOANS TOTALING 10 BILLION POUNDS TO COMPANIES THAT ARE GOING TO REBUILD IRAQ. IMPORTANT NOTE THEY DID NOT GIVE IRAQ THE MONEY THEY PUT UP THE MONEY FROM PRIVATE INVESTORS FOR THE RESTRUCTURE OF IRAQ. SO YOU SEE THESE ARE UK CONTRACTS AND THIS MONEY WOULD NOT BE AVAILABLE TO FAR IN ADVANCE OF IRAQ COMING TO TRADE. THAT IS TOO MUCH MONEY TO TIE UP FOR ANY LENGTH OF TIME WITH OUT IT WORKING. ...ALL OF THIS MOVEMENT WE ARE SEEING IS BECAUSE THE TIME IS HERE. ...I AM SURE THE DINAR WILL BEGIN TO TRADE IN THE SHORT TIME. IT WILL CROSS BORDERS FREELY AND ACT LIKE ANY OTHER CURRENCY GLOBALLY. DOES THE PRICE HAVE TO CHANGE? NO IT DOES NOT. WHAT CYCLES WILL TRADING BRING IT? WE WILL HAVE TO WATCH... [post 2 of 2]
3-15-2017 Newshound Guru My Ladies I HAVE BEEN TALKING ABOUT MANY COUNTRIES THAT ARE CHANGING THEIR CURRENCY OR ADDING CURRENCY OR RE-DENOMINATING CURRENCY AND IRAQ WILL FOLLOW IN THE SAME WAY ALL THESE OTHER COUNTRIES HAVE BEEN DOING. THE IRAQI DINAR WILL GO THROUGH ALL THE SAME CYCLES OTHER CURRENCY HAS GONE THROUGH ACCORDING TO THE IMF STEPS THEY HAVE LAID OUT... ...IT IS INEVITABLE THAT THE IRAQI DINAR WILL COME TO FOREX ONE DAY AND IT WILL TRADE INTERNATIONALLY. I AM VERY SURE THE DINAR WILL TRADE PROBABLY THIS YEAR AND MAYBE NOT TOO FAR DOWN THE ROAD. THE REASONS I CAN SAY THIS IS BECAUSE WE UNDERSTAND HOW MONEY WORKS. [post 1 of 2....stay tuned]
3-14-2017 Newshound Guru Revbo "ISIS IS leader killed along with 7 of his aides in western Mosul" ...Baghdadi may very well still be alive. He was said to have been killed near Badoush, which is north of Mosul. Here is confirmation of who was killed, which is consistent with the earlier reports of a high-ranking IS commander and 7 subordinates. The guy's name was Abu Bakr al-Iraqi, not al-Baghdadi. Still a good get, but not the big man himself.
3-14-2017 Intel Guru RayRen98 [Did any...sources ever indicate the CBI was holding off updating the rate on its site since Jan 4, 2017, because the rate had already changed and they did not want it “public” yet?] Yes. [...now that the rate has been updated, what’s their thinking?] Their thinking is that they don’t see why they don’t let it go! [With PM Abadi coming to the USA to speak to president trump on 3/19, is the 3/23 thru 3/25 window still on in your opinion?] I think the release of the RV will happen before then. Iraqis were told that an announcement will be made during the summit, but I don’t think it will be an RV announcement.
3-14-2017 Intel/Newshound Guru Mnt Goat Article: "Parliamentary Investment Committee is hosting the central bank governor to discuss the economic reality in Iraq" Quote: "Hosting come for the purpose of discussing the work of the central bank and the reality of the economy in Iraq." this is exactly what we wanted to hear at this point in time. The CBI is getting a pulse on the SECURITY and ECONOMIC situation of Iraq.
3-14-2017 Intel/Newshound Guru Backdoc IN FACT THE LAST FEW DAYS WE HAVE SEEN ARTICLES...TALKING ABOUT NEW COMPETITION IN THE FINTECH SPACE FOR IRAQ! SO YES...IRAQ AT THE PEOPLE’S LEVEL IS IN ITS’ INFANT FINTECH STAGE. BUT REMEMBER THIS IS THE FINAL STAGE! IT MAY TAKE MONTHS FOR THIS PHASE TO COMPLETE. THIS DIGITAL PROCESS HAS NOTHING TO DO WITH THE DATE OF THE RV (IN OUR OPINION). HOPE THIS HELPS ...WITH BETTER CLARITY! IMO. [post 2 of 2]
3-14-2017 Intel/Newshound Guru Backdoc AS FAR AS THE DIGITAL BLOCKCHAIN GOES, LET ME REVIEW SOME OF THE PROGRESS IRAQ HAS MADE. FIRST, WE KNOW THAT THEY CONNECTED DIGITALLY (BLOCKCHAIN) E-DINAR ON FEBRUARY 8TH! THEN WE SAW THEM BRAGGING JUSTIFIABLY ABOUT THEIR “NEW SYSTEM”... WE...UNDERSTAND THAT THIS IS AT THE COUNTRY AND BANKING LEVEL. THIS IS THE PROGRESSION THAT IS USED AS THEY DO THE DIGITAL BUILD OUT! COUNTRY TO COUNTRY FIRST! THEN BANK TO BANK! THEN WE SEE THE REST OF THE BUILD OUT WHICH IRAQ IS JUST NOW ENTERING (CALLED THE FINTECH STAGE)! DUE TO THE COMPLEXITY AND DETAILS OF THE DIGITAL BUILDOUT IT’S HARD TO TEACH...ALL THE DETAILS OF THIS. [post 1 of 2....stay tuned]
3-14-2017 Newshound Guru loop Article quote: "today we move from a centralized economy to a market economy" Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al - Abadi! BOOM! ...moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh's quote "today we move from a centralized economy to a market economy" that with Iraq's move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
3-14-2017 Newshound/Intel Guru BGG These days - throw a rock in any direction and you hit a STUNNING NEWS PIECE. "They" have pretty much showed us the outline...and it's being worked out now. Let's hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
3-20-2017 Newshound Guru Kaperoni Article: "Iraqi economy to a new stage of work" Quote: "Liquidity shortage suffered by the banking sector is in dire need of real moves to activate the capital cycle through the creation of a new deposit policy based on mutual trust between the customer and private banks." This also tells us the urgency to activate the banking system.
3-20-2017 Newshound Guru mike Article: "Iraq declares bankruptcy over the next 10 years" This guy gets it: "the government continues this policy without the presence of viable solutions that could help expand the resources of the state , it will announce the bankruptcy over the next ten years and will pay the price for generations to come flopping happening in the economic policy of the country." It's been two years since the price of oil dropped and Iraq hasn't done much of anything to try and find/create alternate sources of income for the country. The legislation should have been passed a year ago that would enable Iraq to create an open market economy, there is no time to waste, the reserves are eroding every month they delay.
3-20-2017 Intel Guru RayRen98 Let’s just run over the updates: There is an Iraqi flag flying again over Mosul. Sadr is being asked to do a celebration on Friday for all that has taken place rather than a protest over economic reforms still not being fulfilled. Abadi is supposed to be revealing some information on economic reforms either while he is in the US or at the summit. He is supposed to be announcing full liberation and/or elimination of Da’esh. We are still looking for this every day, by the end of the month, which is also the end of the quarter. It needs to be done by then otherwise there will be problems with retroactive payments going back to January.
3-20-2017 Newshound Guru Kaperoni Article: "International Monetary Fund agrees to release contractors' receivables" There has also been a few articles that clearly state that Iraq will begin to pay back loans starting next year, not to mention the recent article that said there will be no further loans for budget shortfalls. You add it all up, funds for contractors, no future loans, etc...they expect big changes yet this year from Iraq.
3-20-20217 Intel Guru ADMINBILL ALERT LEVEL HAS BEEN UPGRADED TO RED (high) FOR THE WEEK OF MARCH 19TH
3-20-2017 Intel/Newshound Guru Mnt Goat Article quote: "...identified its goals to achieve financial stability and the development of banking technically and structurally and organizationally in order to reach financial inclusion where it was in 2016 in the preparation and development of appropriate financial and technical basis of the reality of the Iraqi economy and banking mechanisms." ...this plan had to be stalled before coming to full implementation at the end of 2016 due to getting the regions liberated from ISIS by the end of that year. So one would think then they must come up with a new target and announce it soon to us. The point that they have not yet done this already and we are quickly moving our of EARLY 2017, so this shows us they are still hoping for AS SOON AS POSSIBLE situation. They just told us last week we are looking at an EARLY April timeframe for liberation from ISIS.
3-20-2017 Newshound Guru revbo Article: "Trump welcoming Iraqi PM Abadi to White House" Quote: "President Trump will host Iraqi Prime Minister Haider al-Abadi at the White House on Monday." At 3 p.m...Eastern Time...Trump will meet with Abadi.
3-20-2017 Intel Guru Frank26 [Bluestar: I was blessed with a phone call from a contact and as a result, I will be at a forum with PM Abadi tomorrow at 5 PM eastern in Washington , DC. I will do my best to ask a 4 part question tomorrow. There is no guarantee that I will be allowed to ask my question, but I will try.] BTW...If i could ask A a question it would not be when is Iraq going to RV the currency. Instead ...It would be..."Mr Abadi Sir...Do YOU want an RV for Your country's currency in this year of 2017?"
3-20-2017 Newshound Guru Revbo Article: "International Monetary Fund agrees to release contractors' receivables" Quote: "The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success...This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process." [...why is this huge...?] To me, it's huge because the world is throwing cash at Iraq, and that's a great sign. Means the world thinks Iraq is about to turn the corner. With $9 billion of the $18 billion released two weeks ago going to pay off Kuwait, they should be out of the final Ch. 7 sanctions shortly, and now, the contractors can get back to work. That this is all happening right at the same time CBI has stopped published the market rate for the dinar, I think, it also no coincidence.
3-20-2017 Newshound Guru Kaperoni Article: "International Monetary Fund agrees to release contractors' receivables" Quote: "The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success...This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process." So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
3-19-2017 Newshound/Intel Guru tman23 This week in Washington is the NATIONAL COALITION MEETING...THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER...68! ...THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS...
3-19-2017 Newshound Guru Kaperoni Article: "Sabri: Iraq's economy will rise over the next five years" ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect...
3-19-2017 Newshound Guru mike Iraq's not getting a pass on any of the IMF Article VIII requirements, why would they? Jumping off the peg doesn't serve the people of Iraq, it serves the GOI by lowering internal, dinar associated expenses. All we have to do now is hope that Parliament rolls up its sleeves and creates the environment necessary for an open market economy to thrive.
3-19-2017 Newshound Guru revbo Well, it's Sunday, they have updated for Friday, Saturday, and today, and still no market rate posted on CBI's spreadsheet. Still no idea if it means anything, but this is the first two times in at least the last two years, and as I recall, ever, that that field has been left blank.
3-19-2017 Intel/Newshound Guru tman23 ...ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS... OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED...TICK-TOCK...TICK TOCK.
3-19-2017 Newshound Guru mike [what value does the dinar have to get to to be in the 2% range?] anything 1205 and under is compliant with the IMF's 2% MCP requirement. [reference Kaperoni post below, 3-19-2017]
3-19-2017 Newshound Guru Kaperoni The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements... That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don't see anyway around that. That being said, they could get off the peg without approval from the IMF.
3-19-2017 Newshound Guru firefly Anybody that's been in this investment for any period of time should know that a lot of negative news will pop it's ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated "AFTER MUCH MEDIA PROPAGANDA" This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. ...the true rate will show on the CBI 1st. [You can see the official CBI rate and CBI reported market rate on the left side of this page]
3-19-2017 Intel Guru Frank26 Article: "Iraq begins new consultations with the IMF and the World Bank late next April" ...even AFTER the RV the CBI will continue to meet with the IMF every three months... IMO...Only THE Agreement to become INTERNATIONAL in early 2017 by lifting the 3 000's from their Exchange Rate can help their Economy...
3-18-2017 Newshound Guru firefly Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
3-18-2017 Newshound Guru Kaperoni Article: "Expert: Iraq is heading for a social market economy within the plan that will last until 2030" More importantly, currency reform must begin before they will ever have a market economy.
3-18-2017 Newshound Guru revbo Article: "Head of Prime Minister Haider al-Abadi on the head of a high official delegation, on Saturday, to Washington at the invitation of President of the United States, Donald Trump." So, he's going to be here for three whole days before his actual meeting with President Trump, and right in the middle of the fight of his life. Whatever he's talking about over here must be pretty darn important to pull him away from that, and he must think the Mosul op is close to wrapping up.
3-18-2017 Intel Guru Frank26 Article: "Abadi, head to head an official delegation to Washington to meet with Trump" IOO (In Our Opinion) ...The IMF/CBI meeting will NOT take all 14 days and A will go to meet T before the scheduled 19th.
3-18-2017 Newshound Guru Mnt Goat Article quote: "...we will see in the next few weeks, freeing the city of Mosul completely," he said, adding that after the restoration of Mosul, will continue to restore the rest of the Iraqi and Syrian from the control of the elements of the organization Daesh..." So we can see they moved the target to end of March/early April for full liberation of the region. We also know there is the Iranian influence to take care of, they must secure the boarder with Syria (so ISIS does not infiltrate back), there is some level of Reconciliation and the economy must also crank back up to some level of normalcy...
3-18-2017 Newshound Guru Kaperoni Article: "Detection 3 "goals" Abadi seeks to achieve" Quote: "...three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more "lending", attributing the reason to determine Iraq certain doors by donor countries..." To me, this says they better get to work..and soon... "there are no plans for further lending".
3-18-2017 Newshound Guru Mnt Goat Article quote: "Voice of the Council of Ministers, the draft anti-terrorism law and referred it to the House, also voted on a draft law the Iraq National Oil Company." Folks this is HCL. I said they would be resuming news on the status of the laws very soon. ...Now we see it. This is very good news...the changes to the HCL are completed and the council of ministers forwarded it to parliament for a vote. The ball is in their court.
3-17-2017 Newshound/Intel Guru BGG Quote: "...Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision..." exactly what decisions do the IMF executive board have to make coming up? I mean - they only deal with one thing. INTERNATIONAL MONETARY FUND. [...can the CBI make a move before the DC meetings?] the CBI can do whatever they want...if the IMF doesn't give their blessing who are they gonna' sell their currency to? without international acceptance - there is no market. [post 2 of 2]
3-17-2017 Newshound/Intel Guru BGG Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC." This is saying these finalization talks were already started...and will resume - (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.” Mohammed Saleh...he's been in these big IMF "shindig" meetings from the 5th to the 17th... he's excited. [post 1 of 2....stay tuned]
3-17-2017 Newshound Guru Revbo "Statement at the End of an IMF Mission on Iraq" Quote: "...repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway." [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don't turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
3-17-2017 Newshound Guru Kaperoni "Statement at the End of an IMF Mission on Iraq" Quote: "...repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway." I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
3-17-2017 Intel Guru Frank26 Security and stability is HOT...and Abadi is ready to tell Trump how hot it is. I said give us MOSUL...and you’ll see the process of the MR at lightning speed. Without SECURITY ...no...but I believe they’ve got this. IMO...Trump will talk to Abadi...will get a wonderful report on the entire Middle East region...the MCP...their currency...money laundering...corruption...terrorism...this has been dealt with.
3-17-2017 Newshound Guru revbo I don't know if this means anything, but yesterday was the first time I've ever seen no street rate posted on the CBI's auction page.
3-17-2017 Newshound Guru 1bobby It's amazing how far the Banking Industry has come and continues to go... Article: "Insurance Association of Economics News: start with insurance on ATMs for banks" So why would they want to insure an ATM in such an unstable environment? Some have asked "Does this mean the LD's are ready to roll out?" Not necessarily, but it does indicate they are willing to get them out of the banks and airports and put them into the streets at some point. I loved the quote "Never make such insureance in Iraq, which would provide service to citizens through larger deployment of ATM in the markets and public places and cultural phenomenon which is developed to serve the economy".
3-17-2017 Intel Guru Bruce We are in a situation now we are so close to the blessing to fruition... we are so close that we don’t want to say anything to jeopardize our position in this. Trust me to believe we are in a really good position right now to stay virtually quiet. There may be some announcement coming in near future we are looking for. The Intel has been light the last couple of days, but things are being done behind the scenes...we are in the right place at the right time.
3-16-2017 Intel Guru Frank26 Today...Jubari from Parliament tells Abadi ...“I want to discuss the IMPLEMENTATION of the 2017 budget”. Iraq has really never had a budget...they’ve had it prepared...but never really opened it...just rolls from year to year. Why? Because they are on a program rate. ...the best thing to do is to implement the budget…because you would implement the new rate. Let’s see what happens with Trump and Abadi.
3-16-2017 Newshound Guru mike Article: "government policy support programs in the face of the bank and the International Monetary Fund" Quote: "Decades of government support in the Arab countries, policies have not succeeded in raising the level of the Arab economy and the citizen." This is Iraq's problem, the GOI keep trying to come up with solutions and they consistently fail. Create the legislation necessary for outside investment, empower and support the private banks and move your currency to Article VIII. Government solutions don't work.
3-16-2017 Newshound/Intel Guru loop Article: "Alheims: the government was forced to borrow because of the external costs of the war effort Banks" Quote: "...he pointed to the achievement of the proportion of the profits of the bank increased by 300%, confirmed go half to the Treasury the public." TBI increased it's profits by 300%! It's amazing how profits soar when people are not stealing the money! This little article speaks volumes on how effective the monitoring of the banking system is. A 300% increase in profits under normal economic conditions is beyond huge. Folks Iraq is at war and the TBI saw a 300% increase in profits. That is simply unheard of.
3-16-2017 Newshound/Intel Guru BGG Here's a weird tidbit - just happened this AM ...they changed the way they list the currency auctions - this AM...no rate - they took out the 1182 part. NADA. MIA.
3-16-2017 Intel Guru Frank26 Donald Trump wants security across the entire region...We know Abadi will see Trump on the 19th...and I said earlier...maybe even like tomorrow [Thursday]. IMO...after they are done talking... (several days possible)...then Abadi will leave and will go to the Arabic Summit Meeting. Do you think that Abadi will tell Trump that Mosul is liberated? Will he tell the whole Middle East that terrorism and Daesh is gone? Did you know that about 3 days ago on Iraqi TV...they told the citizens that they are 100% liberated? Could this be why Abadi is coming to America to meet with Trump? I believe we will see things after Abadi visits with Donald Trump. In my strong opinion...I believe Abadi will need to be in Iraq when the announcement happens to lift the value.
[post 2 of 2]
3-16-2017 Intel Guru Frank26 Abadi said in January 2017...Iraq will be an international nation...lifting the value of their currency...BUT...the Governor of the CBI was told to postpone it...which brings us right to where we are...right now. The private sectors have met with the IMF...the first 4 days of this 2 week meeting...that is unheard of. Starting about now (IMF meetings with the CBI)...they will talk about their exchange rate, and monetary policy. That’s why Saleh came out and said that the financial crisis will be behind them...deficit will be lifted...HOW ARE THEY GOING TO DO THAT? ...about 6 days ago...the finance committee hosted Allaq (CBI Governor)...wanted to know if they could talk about the exchange rate. At the start of 2017...we were told they were going to lift the 3 zeros...but it looks like they were given a VARIANCE ...it appears that we are at the end of that VARIANCE right now. They are more than ready to lift the value...as far as the technology, mechanism...the CBI is ready. Yes...Iraq’s leaders feel they are ready. [post 1 of 2....stay tuned]
3-16-2017 Intel Guru ADMINBILL I HAVE HAD A FEW CALLS WHICH REMAIN POSITIVE AS I DO. I WILL KEEP THE ALERT COLOR THE SAME BECAUSE I REMAIN VERY OPTIMISTIC THAT WE ARE NEARER THAN EVER. AS OF LAST NIGHT, I AM FAIRLY CERTAIN THAT THOSE PUSHING THIS FORWARD ARE JUST AS ANXIOUS AS WE ARE TO PUT THIS BEHIND THEM. [reference ADMINBILL post 3-12-2017]
3-16-2017 Newshound/Intel Guru BGG Article: "(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages." Mosul moving to an end soon. Boom. [Whats your thoughts...that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure - but I'm very excited I'm still in this thing!!
3-15-2017 Newshound Guru Kaperoni Article: "Saleh: Iraq is still within safe levels for loans" Quote: "...Iraq is not going to borrow the next budgets but on the contrary will be able to start paying the current loan incurred by him" Better get that market economy going and open the banking system if that is the plan.
3-15-2017 Newshound Guru loop Article: "TBI launches new producer certificate of deposit" Quote: "He added that this certificate has launched with the approval and blessing of the Iraqi Central Bank and is guaranteed payment at the moment of the citizen request to withdraw amounts." This is beyond huge IMO. In the past this is the main complaint that the citizens have had. This is saying that if you deposit your money with us and invest it into these CD you are guaranteed to be able to access your funds when you need to. Getting the citizens to deposit their money into the banks is a critical component of moving to a free market economy. WHen the banks have liquidity they can loan the money needed to fuel the private sector, which will lead to explosive economic growth the likes that we have not seeing in our lifetime... IMO.
3-15-2017 Newshound Guru Adam Montana [How can we be hopeful about an RV when A. Parliament does not put the HCL on the agenda and B. they only meet 2 days a week for just a few hours each time. Are your sources taking those things into account when they give you such positive info about the HCL being in the "strike zone"?] How can we be hopeful... oh, boy, oh boy! Iraq has come such an incredible distance in the past decade... don't let the lengthy process discourage you, my friends! Rome was not built in a day, and a journey of a thousand dinars always begins with the first Parliament meeting. We are past many many hurdles right now! My sources and I constantly discuss the current events, and many of us play "devils advocate" in these conversations. We constantly explore many angles, including negative or adverse aspects of it... yet we constantly come away with positive outlooks, and the intensity is only increasing during the current situation.
3-15-2017 Intel Guru RayRen98 [Are you still hearing that this month is it we will be at the banks? Is there any hold up that you are hearing?] I’m not hearing of any holdup. I still expect it this week, and failing that, next week.
3-15-2017 Intel/Newshound Guru Mnt Goat They told us they did have a target of EARLY 2017 to make this next BIG move, but this is not now going to happen since it is being delayed due to the unexpected fierce resistance in the western half of liberating Mosul. So when can we expect it to resume? ...we can only determine that Mosul region must be liberated first. Remember this is not going to be like someone flicking a switch either like one second Abadi makes his announcement and the next second the switch is flicked to RV but I do not think that once the level of desired STABILITY is obtained they are going to wait too long. The GOI finance committee is ready, the CBI is ready and all are just waiting. Once Mosul is cleared the gate will open again. [post 2 of 2]
3-15-2017 Intel/Newshound Guru Mnt Goat It is my personal understanding we are still on the path to see the “project to delete the zeros” resumed very soon. The CBI and the GOI has told us many times already that they are temporarily putting the project on hold until the battle to liberate Mosul region is completed. A resent article from an interview with Dr. Mohammed Saleh, economic advisor to Prime Minister al – Abadi, was very optimistic in resolving Iraqi debt and moving forward with the economic reforms to a “market economy”. I believe that in order to take their place in a market economy (this next step) they must adjust away from their “closed” sanctioned economy that is stifled by the govt. This means they must also have a currency that is tradable and easy to use. Currently with the 3 zero notes they do not have it. So change is apparent in the very near future if they are to succeed in their market economy. [post 1 of 2....stay tuned]
3-15-2017 Newshound Guru Adam Montana [I'm wondering why would they RV while they are still involved with one of their largest cities, as in Mosul being occupied (in part) by ISIS?] Mosul is only partially occupied by ISIS, and in my opinion ISIS has already been whittled down enough to proceed with an RV. In my opinion, we are looking very strong for a positive movement in the near future
3-15-2017 Intel Guru Bruce We are still feeling very good from what is going on. The timing with this is very good and imminent. I don’t use that term very often, but I would say we are imminent based on information that came out to me today. ...all the pieces of this puzzle are starting to come together. We know there is an announcement coming about taking back Mosul. I don’t know for sure if Abadi is going to make it there, but I do know Abadi is planning a trip here. I would say that would put Iraq pretty much done. They have their rate, and...sovereignty. Their rate was published in the Gazette. It won’t be put on the CBI until they want everybody to know about it internationally... ...the 15th is a significant day...It is when the new UN Operational rates are supposed to show. ...you are in a great place. Stay patient.
3-15-2017 Newshound Guru My Ladies Article: "Iraq to get 10 billion pound loan for British contracts" WE JUST SAW THE UK ISSUE LOANS TOTALING 10 BILLION POUNDS TO COMPANIES THAT ARE GOING TO REBUILD IRAQ. IMPORTANT NOTE THEY DID NOT GIVE IRAQ THE MONEY THEY PUT UP THE MONEY FROM PRIVATE INVESTORS FOR THE RESTRUCTURE OF IRAQ. SO YOU SEE THESE ARE UK CONTRACTS AND THIS MONEY WOULD NOT BE AVAILABLE TO FAR IN ADVANCE OF IRAQ COMING TO TRADE. THAT IS TOO MUCH MONEY TO TIE UP FOR ANY LENGTH OF TIME WITH OUT IT WORKING. ...ALL OF THIS MOVEMENT WE ARE SEEING IS BECAUSE THE TIME IS HERE. ...I AM SURE THE DINAR WILL BEGIN TO TRADE IN THE SHORT TIME. IT WILL CROSS BORDERS FREELY AND ACT LIKE ANY OTHER CURRENCY GLOBALLY. DOES THE PRICE HAVE TO CHANGE? NO IT DOES NOT. WHAT CYCLES WILL TRADING BRING IT? WE WILL HAVE TO WATCH... [post 2 of 2]
3-15-2017 Newshound Guru My Ladies I HAVE BEEN TALKING ABOUT MANY COUNTRIES THAT ARE CHANGING THEIR CURRENCY OR ADDING CURRENCY OR RE-DENOMINATING CURRENCY AND IRAQ WILL FOLLOW IN THE SAME WAY ALL THESE OTHER COUNTRIES HAVE BEEN DOING. THE IRAQI DINAR WILL GO THROUGH ALL THE SAME CYCLES OTHER CURRENCY HAS GONE THROUGH ACCORDING TO THE IMF STEPS THEY HAVE LAID OUT... ...IT IS INEVITABLE THAT THE IRAQI DINAR WILL COME TO FOREX ONE DAY AND IT WILL TRADE INTERNATIONALLY. I AM VERY SURE THE DINAR WILL TRADE PROBABLY THIS YEAR AND MAYBE NOT TOO FAR DOWN THE ROAD. THE REASONS I CAN SAY THIS IS BECAUSE WE UNDERSTAND HOW MONEY WORKS. [post 1 of 2....stay tuned]
3-14-2017 Newshound Guru Revbo "ISIS IS leader killed along with 7 of his aides in western Mosul" ...Baghdadi may very well still be alive. He was said to have been killed near Badoush, which is north of Mosul. Here is confirmation of who was killed, which is consistent with the earlier reports of a high-ranking IS commander and 7 subordinates. The guy's name was Abu Bakr al-Iraqi, not al-Baghdadi. Still a good get, but not the big man himself.
3-14-2017 Intel Guru RayRen98 [Did any...sources ever indicate the CBI was holding off updating the rate on its site since Jan 4, 2017, because the rate had already changed and they did not want it “public” yet?] Yes. [...now that the rate has been updated, what’s their thinking?] Their thinking is that they don’t see why they don’t let it go! [With PM Abadi coming to the USA to speak to president trump on 3/19, is the 3/23 thru 3/25 window still on in your opinion?] I think the release of the RV will happen before then. Iraqis were told that an announcement will be made during the summit, but I don’t think it will be an RV announcement.
3-14-2017 Intel/Newshound Guru Mnt Goat Article: "Parliamentary Investment Committee is hosting the central bank governor to discuss the economic reality in Iraq" Quote: "Hosting come for the purpose of discussing the work of the central bank and the reality of the economy in Iraq." this is exactly what we wanted to hear at this point in time. The CBI is getting a pulse on the SECURITY and ECONOMIC situation of Iraq.
3-14-2017 Intel/Newshound Guru Backdoc IN FACT THE LAST FEW DAYS WE HAVE SEEN ARTICLES...TALKING ABOUT NEW COMPETITION IN THE FINTECH SPACE FOR IRAQ! SO YES...IRAQ AT THE PEOPLE’S LEVEL IS IN ITS’ INFANT FINTECH STAGE. BUT REMEMBER THIS IS THE FINAL STAGE! IT MAY TAKE MONTHS FOR THIS PHASE TO COMPLETE. THIS DIGITAL PROCESS HAS NOTHING TO DO WITH THE DATE OF THE RV (IN OUR OPINION). HOPE THIS HELPS ...WITH BETTER CLARITY! IMO. [post 2 of 2]
3-14-2017 Intel/Newshound Guru Backdoc AS FAR AS THE DIGITAL BLOCKCHAIN GOES, LET ME REVIEW SOME OF THE PROGRESS IRAQ HAS MADE. FIRST, WE KNOW THAT THEY CONNECTED DIGITALLY (BLOCKCHAIN) E-DINAR ON FEBRUARY 8TH! THEN WE SAW THEM BRAGGING JUSTIFIABLY ABOUT THEIR “NEW SYSTEM”... WE...UNDERSTAND THAT THIS IS AT THE COUNTRY AND BANKING LEVEL. THIS IS THE PROGRESSION THAT IS USED AS THEY DO THE DIGITAL BUILD OUT! COUNTRY TO COUNTRY FIRST! THEN BANK TO BANK! THEN WE SEE THE REST OF THE BUILD OUT WHICH IRAQ IS JUST NOW ENTERING (CALLED THE FINTECH STAGE)! DUE TO THE COMPLEXITY AND DETAILS OF THE DIGITAL BUILDOUT IT’S HARD TO TEACH...ALL THE DETAILS OF THIS. [post 1 of 2....stay tuned]
3-14-2017 Newshound Guru loop Article quote: "today we move from a centralized economy to a market economy" Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al - Abadi! BOOM! ...moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh's quote "today we move from a centralized economy to a market economy" that with Iraq's move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
3-14-2017 Newshound/Intel Guru BGG These days - throw a rock in any direction and you hit a STUNNING NEWS PIECE. "They" have pretty much showed us the outline...and it's being worked out now. Let's hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
3-13-2017 Intel Guru RayRen98 We’re in the same place as all of last week: waiting...Mosul is moving along...We’ve heard about advances into the city center and flags being raised. That is all good progress for Iraq, but we are anticipating that full public liberation will lead to national reconciliation and thence to the RV. ...today I heard it is 80% liberated. From the military side, I heard that Mosul would be liberated in a few hours. So it’s bit by bit until it’s resolved on the public side, and the same with the RV. We are still in an excited time...We are at the end of this game...
3-13-2017 Newshound Guru Kaperoni Article: "Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality" Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
3-13-2017 Newshound Guru Revbo Great progress made today by #Iraqi forces in #Mosul they end the day with a celebration dance. #Iraq's armed forces are only 200 metres from #Mosul's old bridge (will be the 3rd of the 5 main bridges to be liberated). [See Last week's map below on 3-8-2017]
3-13-2017 Newshound/Intel Guru BGG [Why would it be logical for Iraq's RVed rate to come out lower than Kuwait's current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical - except oil resources and prices have zero to do with currency valuation - according to the IMF... Further - since the very definition of "currency" is a "promissary note" on the economy of a country. Truthfully - it's going to be what the world - ie, IMF, UN, WB wants it to be...since...each currency is limited by boundaries of acceptance. In Iraq's case - it is not internationally traded and therefore not accepted. ...is this on the horizon - it sure looks promising... however, Iraq could "price" their currency at whatever they want... without international acceptance and support - who would buy it?
3-13-2017 Intel Guru DAZ [...do you know how long the timeframe of the revalue of Kuwait and its conception to end of public announcement?] CONCEPTION MAY HAVE TAKEN YEARS TO IMPLEMENT...I THINK I REMEMBER THE RATE ONLY BOUNCED A COUPLE WEEKS AFTER REACTIVATION...AN RI WOULD HAVE BEEN IN THE .84-1.14 RANGE IN COUNTRY WITH A CALCULATED EXTERNAL RATE AT $3.22.
3-13-2017 Newshound/Intel Guru BGG Articles: "Mosul .. Iraqi forces predict the 'big wins' within hours" "Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland" "Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation" So there are a few juicy headlines... I am still amazed at everything going on over there - and people still (as late as last nite) e-mail me boo hooing about how it hasn't happened yet. I just comment on it - the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven't had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary - all looks good from what they have said. Once this security "check box" is filled - we'll have to see what they do.
3-13-2017 Intel/Newshound Guru Backdoc [IMF taking Iran through the SAME procedures as Iraq... for their "monetary policy"...Iran has begun the steps of transparency with the IMF...] YES... BUT QUITE FRANKLY IRAQ IS THE GOLDEN CHILD. THEIR WEALTH IS BEYOND COMPARE. JUST WAIT TILL THEIR MINERAL MINING GETS ROLLING, WOW! IMO.
3-12-2017 Newshound Guru Phillyman I'm hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction. It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
3-12-2017 Intel Guru ADMINBILL RED ALERT STATUS...THERE IS MUCH GOING ON. WE MAY BE LOOKING AT THE END GAME THIS WEEK.
3-12-2017 Intel/Newshound Guru Backdoc WE KNEW BY THE ARTICLES WE STUDIED THAT WE WOULD GET TO THE COMING DAYS BUT WE HAVE TO SEE IF FOLLOW THROUGH IS THERE... IT DOES APPEAR LIKELY.
3-12-2017 Intel/Newshound Guru tman23 Post Mosul...What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO...THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE...IT'S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON... Abadi promised them all a raise retro active back a full year when he became the PM...Never knew where the $$$ was coming from then... The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it's citizens...We shall see !!
3-12-2017 Intel/Newshound Guru Mnt Goat Article: "Economist reveals: Iraq has "huge" sums of money in secret bank" Quote: "Iraq has large numbers of funds in Swiss banks, to be returned to Iraq, its importance , " ...it looks like they are going to use the leverage of the ability to open a Swiss embassy with getting this money returned to Iraq. Seems Iraq is just finding money everywhere!
3-11-2017 Intel/Newshound Guru tman23 Article quote: "WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday." SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi...THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE...IMF MEETING TAKING PLACE WITH IRAQ...THEY HAVE A PLAN ROLLING OUT...LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
3-11-2017 Intel/Newshound Guru Backdoc ABADI IS IN THE U.S. ON THE 16TH. THE G20 MEETS ON THE 17TH. ON THE 21ST IRAQ HAS A PUBLIC HOLIDAY. MMMM WHAT A MONTH THIS IS TURNING OUT TO BE AND I'M SURE THERE WILL BE MORE IMPORTANT HAPPENINGS TO FILL IN THESE WILD MARCH DAYS! THE COUNTDOWN CLOCK MAY HAVE ALREADY STARTED. TIME WILL TELL SOON ENOUGH! IMO.
3-11-2017 Intel/Newshound Guru Mnt Goat Article: "Iraq aims to drive Islamic State from west Mosul within a month" ...there are three weeks remaining to March. So their prediction is to early April to clean out western half of Mosul. I’d say they are not doing too bad in meeting their target date for end of March. So it might slip by a week or even two weeks.
3-11-2017 Intel Guru Frank26 Article: "U.S. Secretary Tillerson meets with Iraq’s oil minister in Washington" Good to see this confirmation today. IMO ... This escalation is very good!!! IMO ... Moved to the 16th. IMO ...May move again.
3-11-2017 Intel/Newshound Guru tman23 HOLD ON TO YOUR SEAT... "WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq." “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room." AND THEN... "Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19..." KABOOM! The reschedule comes at the request of the White House...ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
3-11-2017 Intel Guru ADMINBILL THERE IS MUCH GOING ON. IT APPEARS THAT WE ARE LOOKING AT THE END GAME NEXT WEEK RATHER THAN THIS WEEK SO I AM PUSHING BACK OUR ALERT TO MATCH THAT ASSESSMENT. COULD IT STILL HAPPEN THIS WEEK? MAYBE BUT I AM NOT GOING TO GET YOUR HOPES UP.
3-10-2017 Newshound/Intel Guru BGG Anyone recall how many days it's been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda' weird how they just started updating the CBI website again - after something over 45 days? Wow? No change in status - of course...just really weird.
3-10-2017 Newshound Guru mike I don't see a rise to the $3 range for years, they've got to much work to do. Am I frustrated? No. Do I call out the ignorance that is displayed by the GOI when I see it? Sure! But that's what keeps me level set in this deal, I don't get excited about one or two lines in an article from an economist, been there done that...but I also feel like this investment will turn into something once they get the foundation built, they drop the sectarianism and fix the corruption...IMO.
3-10-2017 Newshound Guru Enorrste It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that "reasonable period" isn't that long!
3-10-2017 Newshound Guru Kaperoni Article: "Central: financial sector management electronically end of 2017" ...one of the reasons the dinar will rise gradually is that the CBI can profit as it rises. The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
3-10-2017 Intel Guru Bruce let’s talk about where...believe where we are right now, and why it is conceivable to believe we could be there tonight or by tomorrow [Friday]. Iraq is really under way with their whole program right now. They did receive the loan from the UK a few days ago, and that put them over the top. We are looking for a visit from Prime Minister Abadi. We are basically I believe hours and a day away from getting underway and getting started with what we have been waiting for all this time. We are right there at the very end. I am excited. I think everything is going to be awesome this weekend...
3-10-2017 Newshound Guru MadDScout [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
3-10-2017 Intel/Newshound Guru Mnt Goat I never said I expected the RV for later February. I did however point out to everyone the information given to us from Iraq was pointing us to a possibility of restarting of the “project to delete the zeros” and thus this leads us to the RV in late March. Remember their words not mine! The CBI also stands still with EARLY 2017. They have not told us otherwise. So what timeline does the information in the articles point us to now? Since the fighting with ISIS is in fact taking the extra 3 months, as the US generals predicted it would way back in December of 2016...I would have to say they fully intend to have this mess cleaned up by the end of the 3 months and that puts us at the end of March. This is not my prediction but from what THEY ARE TELLING US. Could it change? Sure and it might but all we know is what they tell us.
3-9-2017 Newshound Guru Kaperoni Article: "The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country" There is no private sector without opening the banking system to the world. Simple as that.
3-9-2017 Newshound Guru Aggiedad77 ...maybe the IMF was requested to stay for this extended time period to help Iraq...after all President Trump has told Abadi we will be there to help you in any way possible...meaning of course not just the military...Iraq needs to do something they have never done before IMO...they are about to revalue their currency...they have to be extremely nervous and don't want to be taken further advantage of...so who do you call...well Big Brother of course, President Trump has all this help lined up...maybe the IMF is holding their hand to help them push that RV button in the proper fashion...the IMF is there checking all the systems and they are a go...will it take a full two weeks...heck no...Abadi leaves on the 19th for DC...will it happen before that...the CBI has this in the bag...they know...the BEST is coming. [post 2 of 2]
3-9-2017 Newshound Guru Aggiedad77 ...we read that the IMF is meeting with Iraq starting yesterday/today...and running for 2 WEEKS...in the past their reviews took one day...maybe two...but why would they need to meet for so long...Maybe the first couple of days are to get the usual paperwork out of the way...so where does that leave Iraq...they seem to be "mopping up" Mosul and some of the outlying areas...that says a lot, we see proof the Iraqi's are willing to chase DAASH across country borders... ...they got IBAN up and going, with WARKA getting up to speed their banks sit nice and pretty now...Abadi turned files on corruption (M) over to the ICC...he has an open invitation for countries and investors to come in...so what is likely taking two weeks of meetings with the IMF. [post 1 of 2....stay tuned]
3-9-2017 Intel/Newshound Guru Mnt Goat "Iraq -- Iraq: Letter of Intent, Memorandum of Economic Financial Policies, and Technical Memorandum of Understanding, June 19, 2016" "Upcoming 3rd Review in June 2017" Quote: "Approval by the Council of Ministers and introduction to Parliament of an amendment of the Investment Law, or issuance of clarifying implementing regulations by the Ministry of Finance, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction." They must eliminate restrictions that hinder taking profits out of Iraq or businesses will not come into Iraq. It is the “exchange restriction” currently in place that is an major obstacle such as in the sanctions mandating the conversion of dinars to dollars to do business with the outside world. This is not free flow of capital. I think this amendment is already passed in parliament according to the news. Quote: "Improve the business environment by eliminating restrictions for current international transactions." wow! I think this is already completed ahead of time according to the articles in the news.
3-9-2017 Newshound/Intel Guru BGG [how is investment?] The investment is doing just fine - glad to be in it. No need for "secret intel" sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both "forecasting" the start of economic and financial reform as soon as ISIS was defeated in Mosul - they were believing this would have happened in Jan - Feb...BUT... their optimism is still real - "first part of 2017" is still accurate - this appears to be a foregone conclusion, ISIS gone - MR started. So - we're good...and appears to be happening as we speak...
3-9-2017 Intel Guru Frank26 IMO...the GOI...is also making some very big moves right now. Ever since January 16th...when Allak said they would lift the value after Daesh...I believe that DEAL was dealt with last Friday...that’s in my opinion. All of this information is now coming out...because they postponed what we are looking at...HUGE MOVEMENTS are taking place...picking up SPEED...this things has legs! The CBI was put in a position...TO FLY! And the speed of what they want to do with their reforms...I believe it will become very evident this month (March). [post 2 of 2]
3-9-2017 Intel Guru Frank26 I told you...and I will not back away from it...once we have Mosul...we have security and stability...and once we have that...the MR will pick up speed... ...we suggest to you that the most important thing to pay attention to was the CBI. We’ve been watching the Central Banks and the UST... The UK just signed some documents...giving 10 Billion Pounds to Iraq --- (ever seen that done before?). IMO...that is evidence of documents signed...and IMO...the UST was involved. This has put Iraq into position for many things. International Bonds...perhaps...to sell pretty soon. IMO... Iraq is in a position NOW to start doing a lot of INTERNATIONAL work. Remember...if Iraq was able to sell bonds..who would buy them...AT A PROGRAM RATE? The answer to NO BODY! Yet...some DEALS were made with specific countries. [post 1 of 2....stay tuned]
3-9-2017 Newshound Guru Enorrste The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
3-9-2017 Newshound Guru Enorrste The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes...that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that...is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. ...this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3....stay tuned]
3-9-2017 Newshound Guru Enorrste Article: "Central: financial sector management electronically end of 2017" There are four phrases in this article that got me excited...The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3....stay tuned]
3-8-2017 Intel/Newshound Guru Mnt Goat Quotes: "Iraq in the forefront of countries that initiated legislation important laws in international standards in this area." "Talks during the meeting dealt with the mechanics of opening accounts in Iraqi banks in US banks for the purpose of facilitating the foreign trade of Iraq, in addition to opening up to the wider world." can you see now how the new banking practices; the implementing of the new anti-money laundering and anti-terrorist funding laws are all going to place Iraq in a very good position to get back their currency, thus continue ahead with the “project to delete the zeros”
3-8-2017 Newshound Guru Adam Montana [adding to the previous question... what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
3-8-2017 Newshound Guru Adam Montana [When they revalue it, no matter what number it goes to...Let's say it's .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that's true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10...that said, it's impossible to pinpoint which notes they will call in first, or how long they will allow the "old" notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it's reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2....stay tuned]
3-8-2017 Newshound Guru Revbo Here's where the fight is moving into now. Old Mosul. This is the Alamo for IS. They have most of their remaining fighters concentrated there, and the Grand Mosque is located there. When that is captured, it's the final blow for IS. It's only a matter of time, as a US general stated today when he said, "The game is up," earlier today, and if I'm betting, I'd say Iraq controls Old Mosul by Saturday, given the progress they have been making in similar terrain over the last few days. Article quote: "The Iraqi forces have liberated 47 areas, neighborhoods and villages in 16 days..." It's gonna be ugly, but it is inevitable at this point that IS will be exterminated in Iraq in the near future. [To compare map progress, see Guru Revbo's map posts on 2-25-2017 and 2-28-2017 below]
3-8-2017 Intel Guru RayRen98 We are basically waiting. All the important things are done and agreed. We still have to wait, but the wait is almost over. Mosul is in the news again...We’ve seen tweets from high levels welcoming PM Abadi to liberated Mosul. It’s only a matter of time before we get the official news of the liberation. Then national reconciliation should magically appear, with revaluation of the currency...We just don’t know the date, but it has already begun, it’s already in progress and in effect. We’re just waiting for that full public release. ... it’s coming. I think this ride is over.
3-8-2017 Newshound Guru Adam Montana We have no HCL as I type this, but that's subject to change, and hopefully a very soon change. I'm very optimistic on an actual HCL (LAW) coming through possibly even this month... I love the articles that are coming out now...If the recent activity, and the HCL news coming out right now, are not enough to get you feeling at least a tiny bit excited... you may want to check your pulse.
3-8-20-17 Intel/Newshound Guru Mnt Goat Article: "Published: 13:01 May 1, 2013 Kuwait City: Kuwait has received $2.43 billion (Dh8.92 billion) in war reparations from Iraq since the start of the year and is still owed another $11.2 billion, a senior official in the Gulf nation said on Tuesday." ...this article goes back to May 2013, so I believe the payment of any more war reparations to Kuwait is now completed with the recent March 2017 payment of 9 billion. This is such very good news for us….!!! I am excited. One more obstacle cleared for the RV!
3-8-2017 Intel Guru Bruce I am really at a lost where we are now and why it has not gone. The only thing I can think is it may have to do with the announcement of the liberation of Mosul. I know Mosul is basically pretty clear right now. It is liberated. ISIS has been dealt with. ...when the President made the announcement of with the new travel ban...Iraq was not on it. Iraq was lifted off the travel ban... Sunday the Iraqi dinar rate of $3.64 as an in country rate was published in the Gazette...Our understanding was that sometime yesterday or today we would have a rate published and seen on the CBI website... Iraq is on their way.
3-8-2017 Newshound Guru Kaperoni Article: "Central: the auction of the currency, "a transitional entity" and the need for him is still ongoing " The good part about this article is that they refer to the auctions as a "transitional entity" which to me only means that they plan to float the dinar and make it internationally convertible and traded. Only such a move would give the CBI an alternative source of revenue via commissions.
3-8-2017 Newshound Guru loop "REACT controls on the main court of the organization and the Central Bank branch in Mosul" THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
3-7-2017 Newshound Guru BGG Article: "Warnings of severe deterioration of the dinar after the appetite for dollar" This is an OP ED piece...Opinion of writer only...no guarantee of veracity... the big take-away for me was - the author points out a few things that are HISTORICALLY accurate - then says - IN ESSENCE, you can fix it all with currency reform. Quote: "...in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that's what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems..." "...CAN - SOLVE - A - LOT - OF - PROBLEMS..." BOOM!
3-7-2017 Newshound Guru Kaperoni I know many do get it..but some still cannot grasp and think the dinar must RV prior to investors coming to Iraq...when the reality is...it is a tool of the CBI to counter the inflationary pressure creating by the very investment we expect to see...."to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”.
3-7-2017 Newshound Guru tlm724 Article: "Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country's foreign investment" Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
3-7-2017 Newshound Guru Shredd Article: "Central Bank: the financial crisis behind us and the next few days are promising" Quote: "Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh." This is a great reminder of the wealth Iraq has and the interest from foreign investment. "Iraq will become a country of foreign investment" -- that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. ...this is not an "If" but a "When" regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq. The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
3-7-2017 Intel Guru Frank26 Last week...they made a FINAL decision on their economic reform and monetary reform...and I believe the strike in Syria had a big impact with that. We are AT THE END of this postponement of this! The IQD is about to become an INTERNATIONAL CURRENCY... You saw the market rate...down to 2%...that’s in compliance...! They are to improve their exchange rate...and remove the usage of foreign currency...THIS IS A SOLID EXAMPLE of what is happening. Their need for a policy to RV is NOT a theory...it is a plan...which they are doing right in front of your eyes. All the financial articles from the CBI are coming to life NOW! [post 2 of 2]
3-7-2017 Intel Guru Frank26 I’ve told you before...a flag in the heart of Mosul, planted by Abadi...then you will see the monetary reform. Iraq continues to advance into Mosul...and...a bonus...“Raqqa – which is in Syria”. Iraq can offer a VALUE of security and stability. This value is represented by that INTERNATIONAL strike within Syria. Today...the WORTH of Iraq is more realistic...that’s what the world is watching/wanting. The strike on Syria was BIG news! In January 2017...we had an announcement from the CBI...where they claimed that once the battle in Mosul was complete...they would advance in their monetary reform...but then he went on the say that it was being postponed. [post 1 of 2....stay tuned]
3-7-2017 Newshound Guru Islandg1211 Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn't going to let it be delayed. He's put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don't see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.) [reference Guru Islandg1211 1-26-2017]
3-7-2017 Newshound Guru Kaperoni Article: "Central: financial sector management electronically end of 2017" Currency reform should start well before end of year IMO. [reference Guru Kaperoni post 3-5-2017]
3-7-2017 Intel/Newshound Guru Mnt Goat Article quotes: "...Iraq received 18 billion dollars from the International Monetary Fund (IMF) on installments...9 billions of this figure was paid to Kuwait for 1990 war compensations. ...she added that Iraq signed an agreement with the IMF to reform the financial system in the country. Iraq will receive this amount on three future installments." ...Iraq still owed just about 9 billion in war reparations... I believe this concludes the payments “in full” to Kuwait for war reparations. This is huge news! I believe it brings us that much closer to getting out of sanctions for Iraq...much closer to the RV. They will need this to conclude the CURRENCY REFORM process.
3-6-2017 Intel/Newshound Guru Backdoc I BELIEVE THERE WILL BE A FEW COUNTRIES THAT WILL GO AT OR VERY CLOSE TO THE SAME TIME AS EACH OTHER. THIS IS ONE OF THEM! ...I ASSURE YOU THE IMF IS NOT GOING TO LET DOUBLE DIPPING OCCUR SINCE IT COULD DAMAGE ANOTHER COUNTRY'S CURRENCY! THERE WOULD BE DAMAGE DONE, THEREFORE THE COUNTRIES THAT HAVE A MAJOR MOVE TO THE UPSIDE WILL LIKELY GO TOGETHER TO PREVENT DAMAGE TO A COUNTRY'S CURRENCY VALUE. [post 2 of 2]
3-6-2017 Intel/Newshound Guru Backdoc IT'S BEEN AWHILE SINCE I'VE COMMENTED ON THE VND. VIETNAM HAS QUIETLY BEEN REDUCING ITS' NOTE COUNT THROUGH GOVERNMENT TO GOVERNMENT TRANSACTIONS WHILE AT THE SAME TIME BRINGING IN LOTS OF ITS PAPER NOTES. RECENTLY WE SAW A GOVERNMENT OFFER FOR THE PUBLIC TO BRING THEIR CASH IN EXCHANGE FOR TAX REBATES OR EXEMPTIONS FOR THE YEAR. THEY BROUGHT IN BILLIONS! THEIR ECONOMY HAS BEEN THE FASTEST GROWING GDP OVER THE LAST TWO YEARS! WITH CURRENCY SANCTIONS BEING LIFTED WITHIN DAYS, THE PRECEDING ACTIONS MEAN THINGS! [post 1 of 2....stay tuned]
3-6-2017 Newshound Guru MadDScout Article quote: "The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100." "marked decline by five thousand dinars to the category of $ 100." ...what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance...18 from imf and 12 from Great Britian.
3-6-2017 Intel/Newshound Guru Mnt Goat I stated the need for the Iranian influence being neutralized in Iraq (including the ring leader Maliki and his goons) and this being a priority prior to any RV. This is all coming about now as we are witnessing events taking place in Iraq and moving closer to the currency reform.
3-6-2017 Intel Guru ScottiG A recent text I received from a fellow minister and friend indicated an across the board change in the value of the dollar in Iraq. One source in Kuwait and one in England had mentioned recent activity in the banking industry related to a change of value to the Dinar and I must believe the information was quite positive. One other source had stated emphatically that as of the end of last year, that it is done. Now I know this source is truly connected and so I questioned just how could it be completely done and yet we do not see the manifestation of the change in value? If we look at this under the perspective that often in America, something has been approved or voted into law and we may not see it implemented for months. Looking at the information in this light gives it a whole new light of possibility. [post 2 of 2]
3-6-2017 Intel Guru ScottiG [Long time no see...glad to have you back] ...It seems like forever since last I shared anything with my Dinar Family...part of my distancing was due to the state of affairs in Iraq. I have kept in the loop of information coming out of Iraq and DC and my best description of the state of affairs was that we would have to see whole scale change in many arenas. Now I can state that we have and are seeing those changes unfold before our eyes. Regardless of your political preference, the change that transpired in Washington January is the best thing that could happen for us to see the launch of a new exchange rate for the IQD. A... dear friend of long standing...‘The Banker’...whose specialty is foreign currency, stated that until ISIS was removed from Iraq, we would not see the RV. I noticed in a recent post from...[Guru] Randy Koonce that he as well has commented to this stability factor. He remains a steady beacon in the night. [post 1 of 2....stay tuned]
3-6-2017 Newshound Guru revbo Article: "Iraq forces advance into Mosul city" ...the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
3-6-2017 Newshound Guru mike Article: "Central: financial sector management electronically end of 2017" Quote: "A new phase began espoused by Iraq of developing the financial sector is the adoption of a sophisticated system changes the shape of financial transactions and the entry of active cooperation with the world's largest companies," ...at some point action is required over rhetoric, for those of us who've been following these guys long enough we know talk is cheap in Iraq. Shabibi illustrated long ago that the GOI have to be willing dance partners for the open market to work and grow, without the legislative foundation the best efforts of the CBI are for naught.
3-6-2017 Newshound Guru loop [reference Guru loop post 3-4-2017] to follow this comment up - the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger... looking more and more like a trend. Monetary policy (in the real world) is tightening up...and I point this out because...the culmination of what we are wanting to see is being forecast by numerous other, smaller moves - this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
3-6-2017 Newshound/Intel Guru BGG Article: "Central bank: Iraq overcome the financial crisis and the coming days bode well" Quote: "...Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities..." None of this can happen...without a serious shift in economic and currency policy. Just can't happen. They are back to "forecasting" as they were in late 2016...this time - the timeline isn't months or a part of the year...but it's "days" in their own words...NOT weeks, months or years.
3-5-2017 Newshound Guru Aggiedad77 Article: "Central: financial sector management electronically end of 2017" Here are a few things I've noticed with all the good news from today...so much talk about system changes that is a huge plus I am thinking...this article and at least one or two others have made mention of dealing with some very large companies and banks...in fact "some of the world's largest companies"...and "the largest banking technology companies in the world"...That all tells me that not [only] is Iraq serious about what is coming but also and this is UUUUGGGGEEEEE IMO...these companies on this grand of a scale are also seeing Iraq as a serious and probably very competitive entity at this time or they would not be looking in this direction...Large companies don't tend to waste their time on losing propositions...they are SUCCESSFUL...for a reason...they pick WINNERS...and IMHO Iraq is a WINNER who is about to step onto the top box to receive GOLD...in a number of ways I tend to believe.
3-5-2017 Newshound Guru Kaperoni Article: "Central: financial sector management electronically end of 2017" Quote: "...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector..." This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
3-5-2017 Newshound Guru Aggiedad77 Article: "Iraq receives $ 18 billion from IMF" I find this highly interesting...especially the part about payment to Kuwait for war compensations...they owe Iraq [Kuwait??] $4.5 billion that had been deferred until this year...now they are paying them 9 billion of this 18 billion from the IMF that is just odd to me, unless that is perhaps an agreed upon "extra" amount for loss of properties or bodies not recovered...who knows...and the IMF stipulates they need to reform their financial system...that sounds much like the Monetary Reform to me...so be it...get with the program Iraq...make it so.
3-5-2017 Newshound Guru Revbo Article: "Central Bank: the financial crisis behind us and the next few days are promising" Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody's coming in if they can't get their money out.
3-5-2017 Newshound Guru Phillyman Articles: "Iraqi command says a few meters close from Mosul government complex" "Iraqi forces control most of 2 western Mosul districts, pound Tal Afar" "Iraqi forces launch fresh push in western Mosul battle" "Iraqi forces near government buildings in Mosul as fight against ISIS continues" Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: "He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
3-5-2017 Newshound Guru Adam Montana I mentioned in my weekly...update that I'm getting a bit giddy right now. There's a good reason for it! We are at a tipping point, and this is going to either make us some money, or we're going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say "we enjoyed the ride", right?! Based on what I'm hearing from my people, I am leaning toward the bright side of it.
3-5-2017 Intel Guru ADMINBILL I AM ANTICIPATING AN ACTIVE WEEK. HANG IN THERE.
3-5-2017 Intel/Newshound Guru Mnt Goat Article quote: "Confirms al-Tamimi: that the rise in the inflation index, even though it was slightly It affects low-income citizens, because Mdjulath not enough to buy the same goods or services that were bought before, and therefore the purchasing power decline, which means more poverty and rising poverty rates." ...by a significant change in the value of the dinar this will raise the purchasing power of the dinar and slowly force out the lower denominations on the streets as the necessity for them will be realized greater and greater as time goes on. The movement out of the “closed economy” will then become a necessity and the use of the IQD dinar globally will be in high demand, thus driving the rate yet even more upwards...
3-4-2017 Newshound Guru loop Quote: Article quote: "The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100." marked decline by five thousand dinars to the category of $ 100. That is all it is saying. Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI's statement made on Wednesday. [so what does that mean...?] It means that the CBI has put a system into place that allows them...control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
3-4-2017 Intel/Newshound Guru Mnt Goat ...March is still within range of “Early 2017” and we have been told by the CBI that the project to delete the zeros will resume in EARLY 2017. It is a fact that part of this project is connected with bringing in a new rate to the Iraqi dinar. This is the tie in to the project. [post 3 of 3]
3-4-2017 Intel/Newshound Guru Mnt Goat ...there is an urgent necessity for Iraq to get off the program rate if Iraq is to see any real potential for economic growth, as they are telling us they plan for... We can also see the need for a steady rate of the dinar and more purchasing power. Having the dinar at a REAL rate and the rate gauged off the GLOBAL currency exchanges helps to ensure this stability of the currency. So does this mean regions must be fully liberated from ISIS? Yes, of course as this is not me alone telling you this. The CBI itself has told us this many times. [post 2 of 3....stay tuned]
3-4-2017 Intel/Newshound Guru Mnt Goat IS THE IRAQI DINAR INTERNATIONAL? Contrary to what many...are telling you the Iraqi dinar is not yet international. Many...believe it is already international simply because some banks are now once again selling and buying dinar... But is this really at the international level? NO! It is not. So the Iraqi dinar is NOT yet trading on the international exchanges at any rate nor will it until there is a reasonable level of SECURITY and STABILITY in the region. They can not and will not be allowed to list the currency on the international exchanges until certain factors apply. [post 1 of 3....stay tuned]
3-4-2017 Intel Guru Dr. Clarke In ADDITION, to this APRIL 1 date for Iraq, we believe, there will also be THIS: APRIL 1st - 10th. Vietnam could substantially raise the value of the Dong... [reference Guru Dr. Clarke post 3-3-2017]
3-4-2017 Newshound Guru Revbo Article: "IS Checkpoints Disappear in Hours in West of Mosul" Quote: "The disappearance of the checkpoints reflects the internal collapse of the extremist group, that started to appear obviously with the start of the battle to liberate western Mosul,”... I wouldn't be surprised to see Trump and Abadi together in Baghdad by the end of the month celebrating the liberation of Iraq. The difference will be, this time it sticks.
3-4-2017 Intel Guru ADMINBILL NO SPECIFICS BUT WE ARE LOOKING VERY GOOD THROUGH THE TUESDAY/WEDNESDAY NEXT WEEK. LOOK FOR MNUCHIN ANNOUNCEMENT NEXT TUESDAY. WE ARE IN THE GROOVE.
3-3-2017 Newshound Guru Aggiedad77 Maybe it's just me...but I'm thinking for a Friday that is an Iraqi holy day, we've seen a fair share of good news today as well as good moves on their part, especially with regard to Mosul and the progress being made there...plans of actions...actions put into play...we are moving forward...I think we've seen further confirmation of their intent post Mosul...post DAASH....in the right direction...the BEST is coming.
3-3-2017 Intel Guru Dr. Clarke HERE’S MORE on “WHY” at least 10 more days are needed...The Laws in Iraq, are being Changed with URGENCY, and many have already, (the necessary ones) which haven’t been publicly announced. (just a guess) The National Reconciliation, is being negotiated a little more, but not quite where they want it - YET...FYI, they already have the HCL figured out BIG TIME...like the last 2 years to seriously play with this thing. (another guess) There are a FEW more questionable politicians being removed & replaced (wink), WITH URGENCY...The Currency Auction must CHANGE. (It’s Current Form. Can happen QUICK. Planned) There are also a few key “MEETINGS” scheduled, ...scheduled, within our timelines, as well... ...THIS is the culmination and the ENDING, to “The PERFECT STORM”. ...WHEN? APRIL 1st. When IRAQ could Officially - Publicly - Substantially, increase the value of the Dinar country-wide, meaning in every province, territory (the Whole of Iraq). 1st week of April, the Dinar could be Exchangeable worldwide, as an Internationally accepted currency OFFICIALLY. This date marks the BEGINNING of the 2nd Quarter. The 1st Quarter is now over, and for all practical purposes, Iraq did what they said they were going to do, by deleting the 3-0’s, in the 1st Quarter 2017, but made it official April 1. We really believe, we’ll see the emergence of a New, substantially increased Dinar Rate, on this date. [post 3 of 3]
3-3-2017 Intel Guru Dr. Clarke We’re Now, going to outline a TIMELINE. This is our View, as it stands today, given ALL THE FACTORS, we have at our disposal, as of right now. FIRST, let us say, that Conditions are such, that there is a LOW Probability, of a new, substantially Higher Dinar Rate, presenting itself publicly, from Iraq country-wide (meaning in the entire country of Iraq), anytime during the next 10 days...and the same goes for Vietnam’s Dong... We said LOW probability over the next 10 days. Not impossible - just LOW...10% Chance. A much much HIGHER Probability, exists AFTER the next 10 days, which is after March 13th. ...90% Chance. Quite a Difference. WHY?: THEY need a little MORE TIME. About 28 Days from Today...and the Probability progressively gets much GREATER, as we approach the end of those 28 days. For What? When ISIS “In the REGION”, is secured to an AGREED UPON SAFE LEVEL, WHICH IS THE 1ST TRIGGER POINT (not just Mosul any longer. This Changed last weekend), FOR OFFICIAL RATES TO CHANGE, then many different AVENUES OF MONEY will be Released, pushed forward, enacted, launched...in a number of Ways, including a substantial currency (Dinar) Rate increase PUBLICLY & OFFICIALLY, particularly within Iraq. [post 2 of 3....stay tuned]
3-3-2017 Intel Guru Dr. Clarke ...we’re on the MOVE! This “Perfect Storm” has an ending in sight. There are SO MANY pieces to this “Perfect Storm” flying together, like Magic, as we speak, and it’s picking up Momentum...you can see it, just from the scanty little bit of military information being shared publicly, on Iraq & Syria...like we always say, there’s much more, and especially now, under the Pres. Trump admin., that’s purposely being “Silenced” on what’s MOST Important, for the Good of All...but what IS being shared, is very very deliberate...and Iraq, now being admitted for travel into the U.S., as “cleared & normal”, apart from the “Original 7 country ban”...should give you a Happy hint...One other small item to mention: The Value of the U.S. Dollar in Iraq, is noticeably dropping southward, as in “DOWN”...and the Value of the Dinar in Iraq, is noticeably pushing Northward...as in “UP”. Nice little “perk”, in the thick of things... [post 1 of 3....stay tuned]
3-3-2017 Intel/Newshound Guru tman23 "Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year." “There will be two elections in September: parliament and presidential,” Barzani said during an interview ...I won’t be a candidate myself." WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY...HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD...THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE...TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED...NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST...i BELIEVE THEY MEET TO ANNOUNCE...AND SIGN...NOT NEGOTIATE!
3-3-2017 Newshound Guru mike Iraq is making great progress and will, in time, remove ISIL from western Mosul, it's invevitable. How long it takes is up in the air, if the US becomes more involved with troops and Apache action, it's definitely going to get done quicker. Abadi better have a plan, and not just for the country but the economy. We still need the banking, investment and open market legislation completed, all this talk about the currency and diversifying means squat unless they have the legal and economic foundations for success. If they unpeg today, I don't see how the dinar will gain value, if it had value now, they wouldn't have the MCP problem we have today. The auctions are the only thing propping up the currency. I'm cautiously optimistic Abadi will pull a rabbit out of a hat and get Parliament in line to pass the legislation and include the Sunni's and Kurd's in the government. If not, it's going to be one crises after another with little to show for it. Your move, Abadi.
3-3-2017 Intel Guru Frank26 Their Central Bank communicates with the IMF...and the CBI in 2015 they sent a memo to the IMF and said look...we thank you for the green light to lift the 000’s from our exchange rate...but we are studying the situation right now...and unfortunately as we know and you know...by law we cannot delete the 000’s...right now in the middle of this year 2015...so we are going to move everything to the early part of 2017. ...the acting governor of the CBI said very clearly in the articles...he said...I am trying my best ok but we cannot raise the value of our currency in the middle of the year...it has to be at the beginning of our fiscal year...the Monetary Reform is the deletion of the 000’s from the exchange rate...we have accomplished what we needed to do in lifting the 000’s from the streets...and we are at the start of 2017...and it is now time implement the Monetary Reform...and I think they are IMO... IOO...we are very close on the RV...there are no delays.
3-3-2017 Intel Guru Bruce ...what we are seeing in terms of Iraq, we have heard today [Thursday] as of 5am EST Iraq is exchanging currency in the Middle East with 4 or 5 countries at a rate of $4.96. It was really approaching $5. We heard a rate of $5.20, but I can confirm $4.96. Iraq is kind of doing their own thing. They started a few days ago on Saturday with a bond offering of a sovereign bond in Iraq $1 trillion offering. Four or five countries of the 23 countries that were offered it took advantage of it right away, which included France, Russia, United States, and others that took advantage of those bonds. What we are hearing of Mosul is positive. It was completely taken back. We are looking for an announcement of that. Things are being done and moving in a right direction. We are really in a good place. I look forward to...the start of a good weekend.
3-3-2017 Intel Guru Frank26 ...we believe Mosul is 100%. Very, very soon... maybe over the weekend...they should tell you that Mosul is liberated. So...we are looking at the CBI...we are looking at their actions / words. In the last few weeks...news from the CBI has been very, very good. IMO...with these conditions of Security & Stability being magnified over the last 48 hours...and the fact that the US Dollar rate is declining...declining to the IQD inside of Iraq...and IMO...they are floating their dinar to land at a certain point...to remove some zeros. The exchange rate...lifting of the 3 zeros is closing in. Iraq can lift the value anytime they want.
3-3-2017 Newshound/Intel Guru BGG Article: "Parliamentary Finance's "approach" to postpone the project to delete the zeros until further notice" Quote: "...Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice." ...that almost has the "smack" of her pointing out that this WAS PLANNED - then POSTPONED until further notice. Which is...accurate...they aren't saying further notice isn't tomorrow, next week or next month either. Why would they be "rehashing" a decision that was put off back in 2012 - right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact...it is a little weird this is coming out now - right near the end of Mosul... or in this "first part of 2017 timeframe" - why now? I think it's obvious.
3-2-2017 Newshound Guru Adam Montana ...I have a couple of rumors that I'm holding onto. I had hoped to have a better confirmation on them before posting this... I do not have what I need in order to release it, so I'm sticking with my
original guesstimate of the rate. When I think about it, I hope I'm wrong and y'all are riding with me to a much higher rate! You don't want to see $3.14 any more than I do! But I'm a realist, and that guides my logic on matters like this...Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
3-2-2017 Intel Guru Frank26 We all know the campaign we have been on for many months...in recent weeks we’ve been screaming ... “Give me Mosul!” We’ve said...“give me Mosul” and you’ll see the speed of the MR. The FINAL ARTICLES have told you they are going to do something with their exchange rate after the battle of Mosul is over. What did Abadi do with his new leadership? He created his own war (within the GOI/CBI) and got rid of those who were stealing money with Maliki. A liberated Mosul = CONFIDENCE! MOSUL = Terrorism gone! At least most of it. The only solution for Iraq’s success is for them to raise the value of their currency. The battle in Mosul...IMO...is very close to ending.
3-2-2017 Newshound/Intel Guru Randy Koonce Everyone needs to be watching events in Mosul. As security improves with the continuing advancement of Iraqi forces, and the liberation of Mosul announced officially by Abadi, that will be when our window is the Best. Iraq is looking for security from ISIS, along with the US advisors that are there. Security and stability really are the keywords. And based on recent news on Mosul, it is getting closer. So, to repeat: We are watching for an official announcement from Abadi that Mosul has been Liberated. Based on the information I have right now, once that happens, it should not be but a matter of days. Everyone with a say in the matter wants this to happen. We are close.. Every large bank will exchange...RELAX the RV is coming... [post 2 of 2]
3-2-2017 Newshound/Intel Guru Randy Koonce I have not sent out an updated report in a while because I have been waiting for another good window to open up. It looks like we may finally have one. If you have been watching reports from other gurus in Dinarland, you know by now that everyone seems to be gathering on the same page, once again. I want you to know that it does appear that conditions are coming together that are favorable for the RV to occur, hopefully for the last time. My various contacts are all telling me the same thing. We are very, very, very close right now. I would encourage you, before accepting any...announcement of a revaluation, to take the time to check at CBI.IQ to confirm that the rate has actually changed. You are looking for something along the lines of .289 in the dollar grid. If it says 1166 - No RV. However, if a decimal number, such as .289 or .256 (examples) appear - then you too have finally won the lottery! At least, that is what you are going to feel like. [You can see the official CBI rate and current market rate in the Dinar Guru Resource Bar on the left of this page] [post 1 of 2....stay tuned]
3-2-2017 Newshound Guru Kaperoni The spread in Iraq is dropping. Good news! 1250.
3-2-2017 Newshound Guru Adam Montana [ If the IQD/USD exchange rate and the IQD purchasing power is in fact not based on the price of oil, or the price of tea in China, then why do you think that we have to wait for a Hydro Carbon Law to be passed before an IQD RV ~ based on feelings ~ can be implemented?] You answered the question yourself, buddy! The HCL is exactly what will give the world confidence - good feelings - about Iraq and their ability to repay their debt.
3-2-2017 Intel/Newshound Guru Holly1 Quote: "Haitham Alaffas The central bank works to support the Iraqi dinar and reliable sources suggest the landing of the dollar to 122 in the next week" [what does 'landing of the dollar to 122 in the next week' mean?] IMO.. THE DOLLAR 122...NEXT WEEK GO DOWN...IN MY WAY OF THINKING...AND I DONT THINK LIKE A IRAQI...I WOULD THINK THAT IS WHAT HE IS SAYING ...IMO. FINGERS CROSSED...
3-2-2017 Intel/Newshound Guru Backdoc [Would IQD be the strongest currency in the world if it weren't pegged to our dollar?] UNFORTUNATELY, VALUE GLOBALLY IS DETERMINED BY THE DOLLAR, THEREFORE YOU CAN'T KNOW WHAT ANYTHING IS WORTH WITH OUT THE REFERENCE TO THE DOLLAR. SINCE WE AREN'T ON THE GOLD STANDARD THE DOLLAR IS THE REFERENCE OF VALUE FOR EVERYTHING. THIS IS WHY WHEN OTHER COUNTRIES WANT TO OFFICIALLY LAUNCH THEIR ASSET-BACKED CURRENCY THERE NEEDS TO BE THE NEW DOLLAR PUBLICLY TO DETERMINE WHAT THEIR VALUE IS. THE GOLD STANDARD WAS GIVEN UP LONG AGO FOR THE DOLLAR. THE DOLLAR DETERMINES VALUE GLOBALLY NOW! IMO.
3-1-2017 Newshound Guru Adam Montana I'm re-releasing my thoughts on the RATE. That will come tomorrow, and HINT! I am sticking to my older number, but there's a chance I'll be able to bump it up and be confident about it. No promises on anything more than my original rate though! [Since there are so many thousand investors (I am one) that are breathlessly waiting for the RV. What benefit is it to Iraq to pay out many millions upon millions of dollars to all of us? How can they possibly have enough U.S. dollars on hand for all those who are waiting for the RV?] Wow... I just spent most of the morning (4AM! I couldn't sleep) writing about this exact thing! Watch for my "RATE" post coming later this week. I cover exactly that.
3-1-2017 Intel Guru RayRen98 ...we have been hearing contradictory information, so I’m trying to confirm stuff because things can change in a minute. My last tidbit was that people were waiting for cards to be funded and activated on the new rate. Citizens are reporting that cards are funded, but at the same old program rate. Then last night, I heard something indicating the exact opposite, so we are trying to confirm which is true: old rate or new rate on the cards. The Iraq Stock Exchange opened today, and there were lots of rumors about what that means, whether a new rate is attached for bond purchases and stock purchases. As far as international status is concerned, there is no doubt the dinar is international... The laws are kicking in for the growth of the country and that is good for us. We are still waiting for the rate change. I like the information, although nothing really definitive to say this is the week. The main news we were focused on is Mosul, and they say that the city has been liberated, and ISIL is on the run. It all sounds good, and it all says to me “just a little bit longer; this ride is coming to an end”.
3-1-2017 Intel/Newshound Guru tman23 Iraq has been operating for years with a parallel rate...which is 2 rates...So much as the IMF told them back early 2016 to get off it... Now we are seeing that unfold as all banks in Iraq are connected to the CBI and in unison with exchange rate... YET we have not seen the CBI update the DATE on their website for indicative rates... Indicative--expressing simple statement of a fact. And with that thought, one can make the assumption that possibly the fact is the rate is no longer what the CBI has published on their site...therefore they have not updated the date...
3-1-2017 Intel/Newshound Guru Backdoc ...IRAQ TOLD US THAT THE UST WAS IN THEIR COUNTRY ON FEB. THE 8 th, AND THEY WERE HOOKING UP THE DIGITAL DINAR TO THE DIGITAL DOLLAR. WE, IN ADDITION, HAVE WORD FROM THE SWIFT THAT THEY ARE NOW READY TO GO WITH 60 COUNTRIES. COMPLETION CAN OCCUR ANY TIME NOW. AND LIKE FRANK [GURU FRANK26] HAS SAID...TIME IS UP. WELL ALMOST AT LEAST. I THINK WE ALL WANT TO SEE MORE PUBLICLY ON THAT DIGITAL DOLLAR BUT IT MAY BE HIDDEN UNTIL LAUNCH. I THINK THE EVENTS OF MARCH WILL BEGIN TO UNFOLD AND MAYBE JUST MAYBE THE SHIA BROTHERS [IRAQ & IRAN] WILL FINISH THE RACE TOGETHER OR VERY CLOSE TO EACH OTHER. WE WILL SEE. THIS WILL SIMPLY BE AN EVENTFUL MONTH. HANG ON TO YOUR HATS, SEATS, AND TICKETS. IM ALL IN...IMO.
3-1-2017 Newshound Guru mike Article quote: "US President Donald Trump displayed after assuming the presidency of the United States, a project he called "the reconstruction of Iraq for oil" to the US House of Representatives." ...her comments alone add validity to the plan, if it wasn't real, she wouldn't squeal. Pass the laws, keep making progress on the MCP and get the dinar in Article VIII so they can finally begin the process of adding value.
3-1-2017 Intel Guru Bruce They have a new rate which is on their Qi cards/debit cards. Yesterday they started to pay not only the back pay at new rates, but also started paying a lot of other people in situations in Iraq upward of $4.25 and maybe somewhere close to $5. That would be a great international rate of the Iraqi dinar. Also we have heard that the testing that was done yesterday on the Iraqi stock exchange ISX. No problems, smooth sailing. We understand as result of the positive testing, that Iraq is to open their stock exchange, ISX, Wednesday morning at 9am Baghdad time. We understand that could be significant as far the timing of what it is we are looking for. Iraq has the rate. We are looking for the rate change to occur on the CBI web site pretty soon. [post 2 of 2]
3-1-2017 Intel Guru Bruce Mosul...has been liberated...they have had major success in that. Saturday Iraq began to offer brand new Iraqi sovereign bonds...for sale. ...notice it was a sovereign bond offering. That means Iraq has their sovereignty back. It was offered internationally so they have an international known rate available for their Iraqi dinar and it is priced into their bond offering. That is big news...most significant news to prove Iraq was back doing business internationally. What has been happening in Iraq? We know...the Reconciliation Act was to pass Sunday or Monday. This was something that had to be signed off by the IMF, UN, the United States government...That has been handled. That doesn’t totally affect us on the timing of the RV, but a good thing to know. Also that occurred on Sunday was the Amnesty law...It has finally passed as well. [post 1 of 2....stay tuned]
3-1-2017 Newshound Guru Kaperoni Article: "Consultant Abadi: Cancel the foreign exchange control department of the Central Bank of the need for the new system" Quotes: "...a "need" a new political system based on a market economy..." "...in the democratic systems that rely policy of market economy, it gives freedom of movement of money..." I believe Saleh is calling for the transition to a market economy. This would then end the daily auctions as the CBI would move to IMF Article VIII, get off the peg and float the dinar.
2-28-2017 Intel Guru Frank26 I just gave you 10 reasons WHY Iraq is international...not counting eDinars. Here is #11: #11 – INTERNATIONAL AIR STRIKE on SYRIA...Iraq did an air raid across their borders...and we allowed it! Baghdadi is running...where? There is only one place...Syria. Iraq wanted to bomb Baghdadi in Syria. THIS IS PERSONAL for IRAQ! To strike Baghdadi outside of their borders is HUGE! ...11 items of why Iraq is going to be international. IMO...soon their currency will grow-up to become international. The military side is just not ready to tell you that they are done yet. IMO...they are close because Abadi is telling the international world to come in... [post 2 of 2]
2-28-2017 Intel Guru Frank26 10 things that prove Iraq is stepping on INTERNATIONAL ground:
#1 – IBAN...every bank has IBAN numbers – allows them to transfer money in/out
#2 – SWIFT CODES...these numbers...part of the international world
#3 – MASTERCARD...(and Visa)...they are all over the place in Iraq
#4 – CHAPTER VII...IMO...is 90% gone. The other 10% is the RV of their currency.
#5 – NO PROGRAM RATE on CBI SPREADSHEET...for about 2 months now
#6 – AUCTIONS are CONTROLLING MCP’s …
#7 – IRAQI STOCK EXCHANGE...keeps proclaiming they are going international
#8 – WTO ASKED THEM TO JOIN...spells international
#9 – WAKRA...is finally catching up...(website finally updating)
#10 – BONDS...international bonds...two of them [post 1 of 2....stay tuned]
2-28-2017 Newshound Guru Revbo It took ISF four days to get from the airport to the bridge, so progress has definitely slowed since they moved in to the city from the desert, but ISF is still advancing and every piece of real estate they pick up makes it harder for IS to defend West Mosul. I'm gonna revise my prediction for the liberation of Mosul to March 21 from March 31. [See below for previous Thomas van Linge maps on 2-25-2017]
2-28-2017 Intel Guru Frank26 Another important thing...Dr. Shabibi came out and condemned Maliki...and you will start to see EVEN MORE! That will help with the monetary reform...help with the lava-flow. Watch for more on Dr. Shabibi and Maliki. In the end, Dr. Shabibi will make a speech to you. Security is coming in many ways. We (USA) are planting a presence sooo deep! We told you...some articles would come out...about the new Iraqi dinar being used in-country...and they are coming. [post 2 of 2]
2-28-2017 Intel Guru Frank26 ...THIS FRIDAY...I believe that could be a good time-frame for the liberation of Mosul. Once we have Mosul...does that mean we have the RV? No...this is a lava-flow process. What does Mosul give you? SECURITY and STABILITY...IMO...Mosul is about to be announced to the world. Iraq needs international investors...and I believe that is the big campaign now by Abadi. Come in and invest in our country! This airport...once it was captured...IMO...it opened the door...did you know that we are building 7 bases in Iraq? WE AIN’T GOING ANYWHERE...and the INTERNATIONAL WORLD KNOWS IT! [post 1 of 2....stay tuned]
2-27-2017 Newshound Guru BGG [I just heard on Fox news that somebody felt it might take a year to get ice is out of Mozel.] They are HAMMERING AWAY at these guys RIGHT NOW. This won’t take a year...It won’t take a month…in fact, over the last several days, in spite of HEAVY FIGHTING, there are maps showing the Iraqi regulars holding nearly 20% of the last half of Mosul. Iraq is hitting ISIS in Syria – CUTTING OFF ROUTES of escape. This is a “TURKEY SHOOT” about to happen.
2-27-2017 Newshound Guru Kaperoni Article: "Commercial layer "parasitic" I run the Americans in Iraq and the balance of the bank continues to decline" Quote: "...the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically." IMO, they wouldn't be talking about it, if it was not the plan. Soon we can hope the float will start.
2-27-2017 Intel Guru RayRen98 On Iraqi television this morning, they were told the stock exchange is going international in March, with no delays. That is the good Iraq news, for those who believe nothing will happen until things happen in Iraq. Mosul is pretty much in the bag; how important that will be will become clear. I’m still at ‘any minute, any hour’, and I know there was a desire to get this done by the end of the month...we are close...slowly but surely, it’s coming. This RV is like running water, and it’s difficult to stop running water once it’s started flowing. So we wait to see what happens next... [post 2 of 2]
2-27-2017 Intel Guru RayRen98 The fight has moved over to Syria, with Abadi ordering air force attacks. Mosul seems to be no longer an issue, unless they are doing both at the same time. Also, Iraq is saying Mosul is ‘steps away from complete freedom’. Supposedly a new plan to defeat ISIL is to be revealed today. Western Mosul has been reclaimed, with government buildings, etc. That says something to us – large groups of ISIL are surrendering. Also Iraq offered its first international bond to the markets. Farmers are supposed to receive their back pay today, and also fingerprinting for international Visa cards. We are told this is to be at the new rate. With the new cards, the currency is certainly international. [post 1 of 2....stay tuned]
2-27-2017 Newshound Guru tlm724 Article: "The Ministry of Commerce held a conference last week that "trade policy and economic reform" with broad participation and the presence of specialists in the economy." [What is your take on this... Quote: "...the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically."] I think when it says "the government can not afford to float the currency politically" they are right. Politically here is no Minister of Finance and the CBI governor is a Bozo, that is some serious instability if you ask me. We all know the dinar is grossly undervalued and the reserves are down because Iraq is just now graduating from the Economic's 101 class. They are making great progress with the electronic system which is very encouraging. Without that piece of the puzzle we would have little hope! They need liquidity badly and the only way they are going to get peoples money is to make those deposit's insured. That is what I am looking for next!
2-27-2017 Newshound Guru loop LOVE THE DUE DILIGENCE THAT THE BANKS AND GOI ARE DOING! IT SHOWS A REAL COMMITMENT, ON THEIR PART, TO STOP THE CORRUPTION ONCE AND FOR ALL. THEY STILL HAVE MUCH WORK TO DO ON THIS FRONT. ONE THING HAS BECOME VERY APPARENT TO ANYONE READING THE NEWS...THEY ARE DONE ALLOWING THEIR WEALTH TO BE STOLEN BY CROOKS. THIS BODES VERY WELL FOR THE IRAQI CITIZENS AND US! THIS IS EXACTLY WHAT THE IMF NEEDS TO SEE THEM DOING!
2-27-2017 Newshound Guru Kaperoni Article: "Central Bank Governor: We support researchers and experts" Quote: "...the strength of the role of the banking sector is largely based on the strength of the economy and the stability and diversity, and its role in supporting and stimulating the private sector as the fundamental basis for the economy and growth." No secrets or shortcuts. Though not what most want to hear, it is what we want to hear. Simply because as the economy grows so will the dinar...Balassa-Samuelson effect.
2-27-2017 Intel Guru Dr. Clarke We will tell you, that the focus has changed from just Iraq's Safety & Security, clearing, liberation - to, and including a "REGIONAL" focus of Safety & Security, which is now centered also in Syria and others... We mentioned this possibility about the status of Syria & Iraq being equally important and related...and we talked about a "Trigger" recently too...we're going to have to see where this goes, over the next few days...there is a strategy, that's of course hidden, and it definitely involves, the economics & currency movements of Iraq and others. Don't put much stock in this "Bond" thing, introduced this weekend...fyi... "Standby" in Positive Expectation, and watch "The STORM" for now. It's Beautiful. What is REAL, is that we've put ALL DATES & TIMELINES OFF THE TABLE NOW. IT'S A BRAND NEW BALL GAME, FRIENDS. There's a LOT MORE TO COME, before Anything meaningful moves & is clear...ALL in our Opinion... [post 2 of 2]
2-27-2017 Intel Guru Dr. Clarke This is Truly, "The PERFECT STORM", and we're right square in the middle of it. We were hoping for more to share today, that was significantly meaningful & Clear, but it just hasn't been the case. So, we're currently in "STANDBY" mode, and hope that by this coming Thursday, March 2nd, things will clear up, and become more solidly known. We're not saying things are happening "Sooner" and we're not saying things are happening "Later"...we really don't know at this point, BECAUSE THINGS HAVE CHANGED SO MUCH OVER THE PAST 2 DAYS...and if we did, we'd relay those things along to you. It's truly a very massive and widespread storm...with Heightened ILLUSION...but one thing's for sure...it's POSITIVELY MOVING FORWARD. ALL of Life is about TIMING. [post 1 of 2....stay tuned]
2-27-2017 Newshound/Intel Guru BGG "Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched" Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched! Holy $*%&! Did I just read that right? There is a reason they are talking about this right now...it would appear this is on the verge of happening.
2-26-2017 Newshound Guru loop Article: "Rasheed develop a plan to open branches in the liberated areas Banks" What caught my attention in this article was that they are in starting to talk about opening and rolling out modern & advanced services in the liberated areas. This says one thing to me. They feel the there is enough SABILITY and SECURITY in the liberated areas to move forward with normalized banking operations. Which means that they must feel that there is little or no threat that the banks funds will fall into the hands to Daesh.
2-26-2017 Intel/Newshound Guru Backdoc Article: "Rafidain Bank directs its branches update data before retiring salaries" SEEMS LOGICAL TO VALIDATE THE RETIREES ESPECIALLY WHEN YOU'RE ESPECIALLY CLOSE TO MAKING DISBURSEMENTS ON A LARGE SCALE.
2-26-2017 Newshound Guru loop Article: "Iraq complains Ministry of Finance's lack of cooperation with the retirement body: disgruntled pensioners of procedures" Quote: "Rafidain Bank was forced to exchange for several months, in spite of the suffering experienced by the bank, due to the lack of liquidity..." due to the lack of liquidity...I KNOW WHAT WOULD FIX THE ISSUE...INCREASING THE PURCHASE POWER OF THE DINAR!
2-26-2017 Newshound Guru Revbo Article: "Abadi Votal discuss the battle of Mosul and international support for Iraq" ...foreign jihadis leaving for Syria, allegedly on Baghdadi's orders. This operation is almost over, folks. IS is being demoted back to the JV team.
2-26-2017 Newshound Guru mike Article: "Abadi Votal discuss the battle of Mosul and international support for Iraq" To say I'm surprised is an understatement, they've been fighting these guys for years. Let's hope they keep up the momentum and free the entire city...
2-26-2017 Intel/Newshound Guru Backdoc Article: "Iran's Parliament Approves Bond Issue for Oil Projects" THIS SEEMS CONSISTENT WITH OTHER ARTICLES THAT IRAN WILL HAVE A NEW RATE AND WILL BE A SINGLE PAYMENT SYSTEM WHICH IS DIGITAL AFTER MARCH 20th. SELLING BONDS AFTER THAT NEW FISCAL YEAR FOR THEM MAKES SENSE. WHAT I LIKE EVEN BETTER IS THAT A DIGITAL DOLLAR AND MOST LIKELY DINAR THAT HELPS BACK THAT NEW DOLLAR WILL ARRIVE PRIOR. REMEMBER THE DOLLAR IS THE GLOBAL REFERENCE OF VALUE THEREFORE IT MUST SHOW FIRST OR AT THE SAME TIME AS OUR BELOVED DINAR!
2-26-2017 Newshound Guru loop The Iraqi's are continuing to show us daily that they are very serious about reforming every level of their government to provide a better future for their people. Corruption is being dealt with as they find it. There is still much work to be done on this front. But the speed at which they are confronting it is spectacular.. IMO. The battle to free the Right coast is progressing very nicely. The on going media blitz on Maliki is very telling. His time is coming to and end. His is about to reap the what he has sown. IMO. Munich was a definite catalyst for the recent move on him. IMO...It's shows how close we are getting to realize the the fruits of our labor... The continued dialogue in the media about national reconciliation shows how serious they are about it. It's not over until the fat Iraqi woman sings, but I have a feeling that she is about to belt out one heck of a tune!
2-25-2017 Intel Guru Delta [Dont know if relevant? "DEAL-Iraq's First International, Sovereign Bond"] NOT ONLY RELEVANT...BUT VERY HUGE! IRAQ HAS ISSUED ITS FIRST EVER INTERNATIONAL SOVEREIGN BOND. IT WAS ISSUED ON 02/24/17. [There were contingency for this ... They decided.] YES...THAT'S WHY IT'S HUGE...WARKA TOTAL BLOCKED TODAY.
2-25-2017 Intel Guru Dr. Clarke Lots of things are Changing rapidly, and "BIGLY", friends. As or right now, ALL OF OUR TIMELINES, previously stated, are no longer applicable. We will update you sometime tomorrow, after everything comes together... As for right now, we DO NOT see anything significantly happening with rates, tonight or tomorrow...We'll get you more detail, sometime tomorrow. There's been major HIDDEN information surface...Hint: Now, Iraq sending airstrikes to Syria to secure the border?...IOO.
2-25-2017 Intel Guru RayRen98 It has reported that the military base in Western Mosul has been re-claimed today by Iraqi troops. The government buildings being the next victory, are in short distance. Large groups of Isis are surrendering. Iraq has issued its' first internationally sold sovereign bond in the international capital markets!
2-25-2017 Intel/Newshound Guru Backdoc THE END TO THE YELLOW BRICK ROAD IS NOW IN SIGHT. OUR LONG AND DIFFICULT JOURNEY IS COMING TO ITS END. RECENTLY, WE SAW IRAQ ADMIT A VERY LARGE DISCOVERY OF BLACK GOLD IN SOUTHERN IRAQ. IRAN DID THE SAME THING JUST A COUPLE OF WEEKS AGO. BY ADDING THESE NEW ASSETS TO THEIR CREDIT WITH THE IMF, THEY WILL LIKELY BE ABLE TO SUSTAIN A MUCH HIGHER CURRENCY VALUE THAN PREVIOUSLY THOUGHT. IN THE CASE OF IRAQ, I BELIEVE THE TRUMP ADMINISTRATION WOULD LIKE A HIGHER CURRENCY VALUE FOR IRAQ SO THAT THE U.S. CAN ACHIEVE A BALANCED BUDGET. VALUE IS ABOUT TO CHANGE, AND YOU MY FRIENDS, WERE ABLE TO BE A PART OF HISTORY. ISN’T IT NICE TO BE ON THE RIGHT SIDE OF THE VALUE EQUATION? WE ARE ALMOST TO THE EMERALD CITY NOW AND IT’S TIME TO SEE OZ. WE WILL PULL BACK THE CURTAIN IN MARCH.
2-25-2017 Newshound Guru Revbo Seems to be going significantly better than expected so far. This guy [Thomas van Linge] has a map [see below] that he updates regularly as things change, and the ISF-controlled areas of West Mosul have been rapidly creeping north. They got the airport and the base next to it yesterday, and they are already making serious inroads in the city. From the estimates I heard a week ago, this kind of progress wasn't expected for well over a month. ...not bad, huh? Last week, everyone was predicting this operation would take six months. [see maps below]
Mosul 2-20-2017
Mosul Progress 2-24-2017
2-24-2017 Newshound Guru Aggiedad77 Article: "Twilight News / agency Standard & Poor 's credit rating . The classification of Iraq was confirmed at "B- / B" with a stable outlook." Well we can see the negative side to this...the "B-"...or we can instead focus on what we see as a positive...that their fiscal discipline has improved and it is believed will remain stable for the next few years...or at least for a few days...until God explodes a blessing all across Iraq...oh how quickly things can change...so very quickly indeed...IMO.
2-24-2017 Newshound Guru Enorrste Article: "Parliamentary Finance: Iraq's debt rising to more than 126 trillion dinars" Quote: "The Committee suggested that the Government, if the price per barrel rose to above $ 45, to go surplus funds to the central bank to increase the cash reserve, or the repayment of foreign debt." I found the ...article...referenced just above to be interesting. It says that at $45 per barrel Iraq would be in a surplus position. According to NASDAQ the current price of oil is $54 per barrel. This means that Iraq has apparently cured their budget deficit problems, at least according to the IMF. It is also for this reason that the IMF can postulate that reserves in Iraq will rise significantly over the next 2 or 3 years to $91 billion. Having said that, I feel that the IMF in making these statements is quite confident that things are moving in the right direction for them to initiate the float this year.
2-24-2017 Newshound Guru Kaperoni Article: "Abadi Votal discuss the battle of Mosul and international support for Iraq" I don't expect the CBI to "flip" a switch the day after liberalization of Mosul. It will take some time to stabilize the area and begin the clean up, return citizens to their homes etc. So we could be waiting a few months after before the CBI decides to begin currency reform. Especially with the spread still not close to 2%.
2-24-2017 Newshound Guru Aggiedad77 Article: "After Mosul: Certainties and Uncertainties" ...the US position in Iraq post DAASH is becoming clearer by the day IMO...Keep the peace between the various political factions...build those bases and staff them to further kick some DAASH butt in nearby Syria...and don't lose sight of that GIGANTIC pool of oil...we may not own it...but we want first dibs to it...Plus have Iraq stepping out on the world stage for the first time....being the ones who get to introduce her to the world...oh buddy...good times are coming...because....the BEST is coming...I'm looking to Sunday maybe into Monday to be quite interesting.
2-24-2017 Intel Guru Bruce My understanding is that President Trump is actually doing everything in his power which is substantial as we know to move this thing through and get it done now. We heard 3 days ago now actually that the banks in Mosul were up and running. I believe the Mosul airport is up and running now. I don’t know how much work the city needs in terms of infrastructure. I believe it needs a whole lot. At least in the day to day operations from what I understand are back in place. There have been a few little announcements in main stream news here about the restoration of Mosul being taken back which is very positive. I just got a call...that approximately at 9pm EST [Thursday]...that Iraq began their monetary reform on their CBI website. So what they are doing now in trying to update and possibly put out new rates I hope essentially is the trigger for...the RV for the dinar... Looks like Iraq has begun their process of economic monetary reform through their CBI website. I am excited...I think that is a good sign. ...we are in really good shape for this to roll out...
2-24-2017 Newshound Guru Kaperoni Article: "Iraq joined the Convention on the transparency of the arbitration between investors and states" Quote: "This agreement is an important message and clear to the world that Iraq is a major hub in the Middle East for investment and reconstruction and construction," noting that "this agreement adopted by the United Nations to save the rights transparently in the event of a conflict between investors and states." Dispute resolution is critical. A good sign.
2-24-2017 Newshound Guru loop Article: "Parliamentary oil suggest the presence of 300 billion barrels of undiscovered" Quote: "...said the oil profanity by Mehdi al-Hafez, Tuesday, that there is a plan of action will begin to explore more than 300 billion barrels of oil, Iraq added to the reserve." If Hafiz is correct Iraq will have the largest reserves in the world. What we do know for sure is that they just add 10 billion to their reserves last week. Iraq is currently 5th in the world as far as oil reserves go. Much of their country has yet to be explored for oil. I would be surprised if they do not find much more.
2-24-2017 Newshound Guru Kaperoni Keep in mind, there are several things that could effect the reserves. Oil prices could skyrocket to $100 +, they could officially get out of UN Chapter 7 and get some funds that are being held released, etc. But it seems like the IMF has a plan with the CBI. We all have seen the efforts the last 12 months or so to improve the banking system. So despite these possibilities, I believe the reason is more in line with improving Iraq's economy, putting people to work, rebuilding post ISIL and opening the banking system to the world for investment...at least we can hope anyway. [post 2 of 2]
2-24-2017 Newshound Guru Kaperoni Article: "IMF confirms the stability of Iraq's reserves of hard currency" Quote: "the IMF said in his study, that Iraq reserves will arrive in 2018 to $ 62 billion , and then rise to $ 91 billion in 2020 due to improved conditions of the Iraqi economy and oil exports and its derivatives and the sufficiency of electricity imported to some provinces and gas export and promotion of tourism, industry and all economic resources bode well" I think the important thing here is that something pretty substantial must occur this year for this forecast to be true. As we all should know by now, Iraqi oil is not enough at the current prices to increase reserves because they spend more than they make. So I expect them to transition to a market economy this year in order to improve the reserves by $50 billion over the next two years or so. [post 1 of 2....stay tuned]
2-24-2017 Intel Guru Frank26 The IMF doesn’t want them to float...but IMO...I think they are going to float. There is a compression of a lot of DEAL going on as the fat lady gets out of the way to show the liberation of Mosul. Once you have Mosul...you’ll see the reason for the negotiations...which you wouldn’t see happening with a program rate. The DEALS are across the board...creating fairness in trade and currencies. This is VERY historical. I like how Abadi told everyone at the meeting in Germany...“we’re open for business...come on in!” Germany did tell Abadi...“ok”...and they did...quickly. Abadi received today a German delegation...Merkel says they are there to help with the economic reforms. Didn’t take them long to show up. No country is in this for an 1186 program rate!
2-23-2017 Newshound Guru Aggiedad77 Article: "Ayman total liberation of Mosul operations within 72 hours" We seem to be under a time clock don't we Family...72 hour count down and ticking...and we could be "ABOUT" done with Mosul to hopefully meet President Trump's satisfaction...may we see strong evidence of Monetary Reform shortly...that leans on a "sexy" rate...the BEST is coming...tick tock goes the countdown clock...Mosul...Mosul come on over. ...so when did this clock start to tick...on the 21st some time...pray for a wild weekend...one of great celebration that Mosul is finally back in the hands of the good guys...
2-23-2017 Newshound Guru Adam Montana [Do other countries have HCLs? ...is there anything to compare this process to...?] An HCL by any other name is still an "Oil Law". However... Iraq is the only country to my knowledge that has THIS much riding on the passage of such a law.
2-23-2017 Newshound Guru Kaperoni Article: "Abadi condemning al-Maliki in the fall of Mosul" He wanted to be Prime Minister, time he take responsibility for his actions or lack there of.
2-23-2017 Intel Guru Frank26 Dr. Shabibi…anything to say? Dr. Shabibi came out…and said that Maliki stopped everything. Abadi asked…“Why did Maliki give up Mosul?” Why did he remove 3 units of protection? Why Maliki? Obviously he was in coo hoots with ISIS. They are now calling for high-treason… in Iraq and INTERNATIONAL COURTS! TIME IS UP! TIME TO PAY MALIKI FOR YOUR CRIMES! ...we told you there would be another speech from Dr. Shabibi…JUST BEFORE they were ready. TA-DA-FREAKIN’-DA!! The MR will…IMO…will blossom after Mosul is announced. Once Mosul is liberated…they will liberate the IQD from the program rate. [post 2 of 2]
2-23-2017 Intel Guru Frank26 The reason why we don’t see the exchange rate of the IQD released yet...because there are a LOT of DEALS being made... IMO…(about 2 weeks ago)…we have enough of Mosul to have the RV of the currency of Iraq now...that was MY OPINION…but apparently that is not President Trump’s opinion. He wants to extinguish ISIS...That’s why many DEALS…IMO…are being born…combination of removing ISIS…“give me Mosul” and you’ll see the MR. We’ve got like 30 articles now... evidence of what they are going to do. It’s not that we want fully security by removing all of ISIS...while that is happening, Trump is making a lot of DEALS with Abadi. IMO…Iraq is being used as LEVERAGE to do a lot of DEALS around the world. Has Abadi seen Trump yet? No…not until Abadi is done with this and that…but Trump has Abadi’s back! [post 1 of 2....stay tuned]
2-23-2017 Newshound Guru loop His opinion is that .83333 cents to the dollar would be more managable. [So the exchange rate would be 1/.83 = $1.20. 1 divided by .83...In USD] This is where they feel they can defend (support) the rate based on their current economic capacity. This will increase over time has they economy grows. Remember that this is one persons opinion. What is so very encouraging is that this really shows that the expectation is a marked increase in value, which is very positive for this investment. Mr White [Guru wmawhite] made an excellent point...about them not having much to export, other than oil that is. The price of oil is fixed in the world markets and is traded in petro dollars so oil would not be effected by the increased dinar value. For the rest the GOI can always do what we do in the USA. What I am referring to is subsidizing the exports to bring the price down. This ensures that industries flourish while keeping the costs of exports low. [post 2 of 2]
2-23-2017 Newshound Guru loop Article quotes: "Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars to the dollar instead of 1200." "But the move was postponed to a later date due to the exit of some Iraqi areas under government control after the occupation of «Daesh» her. Then the military operations began to recover these areas which still exist. The government is expected to return to the project itself after the end of military operations." "The price of the Iraqi dinar former (US $ 3.2) was exaggerated and will continue to be overrated if has to return to it in the future. It will make imports cheaper, but it hinders improvement of production and export capacity of Iraq, may be the price of 1.2 dinars to the dollar or dinar against the dollar is a good price." So this economist is saying that while 3.2 dollars per dinar (Old rate) would make imports much cheaper it would cause exports to be expensive. [post 1 of 2....stay tuned]
2-23-2017 Newshound Guru Adam Montana [...can Iraq go on as long as it wants with out RVing...?] They could go "forever" without revaluing their currency, sure. But I don't think they will. We are indeed heading to that elusive finish line...
2-23-2017 Intel Guru RayRen98 [Do you really think we’ll exchange this month?] Today’s February 22nd, and this month ends next Tuesday. Yes, I do believe we will exchange this month, based on what I have shared with you and things I have not shared with you, no reason to think otherwise. I still look to $3.71 to be the international rate or thereabouts. We are in the waiting stage. Everything looks good...This could pop at any time, and all the technical information that has come to us is saying ‘green light – go’ as soon as this is released. [post 2 of 2]
2-23-2017 Intel Guru RayRen98 All is quiet, maybe a little too quiet...We had people in Iraq sending intel that the dollar was banned; we expected that, and good to hear it confirmed. Articles came out about that as well. Most of us know what that means, as one of the conditions favorable for Iraq to be sovereign, with a currency that is competitive to its neighbors. There are also rumors about Maliki being brought to justice, and reports of Rafidain Bank is now preparing its customers to accept deposits in dinar only, no longer in dollars – nationwide. At least, that is the game plan, to ban the US dollar across all provinces. [post 1 of 2....stay tuned]
2-22-2017 Intel Guru Dr. Clarke In the past few days, you've seen the "Storm" picking up speed. Surprise visit to Iraq by Gen. Mattis, tons of extra troops into Iraq/Mosul on Sunday. VP Pence met with Abadi, Merkel of Germany sending envoy to "assist with Iraq's Monetary Reform" (what??) Monetary Reform? ...and this week, you've heard all kinds of news regarding the Dinar Rates & the Dollar Rates...Changing. Keep your fingers crossed...it's only Feb. 22nd, 2 days into the "Storm"...so far, so good.
2-22-2017 Intel Guru ADMINBILL BEHIND THE SCENES ACTION IS STARTING. STILL ANTICIPATING THIS WEEK. NEWS I CANNOT USE IS VERY POSITIVE. THE PICTURE REMAINS BRIGHT.
2-22-2017 Newshound Guru Adam Montana The question, then, is “When will the Dinar Currency of Iraq Revalue?” This investment is not a scam, but you must be prepared to wait for things to happen. It may revalue, or “reinstate”, to a previous level, which would make many of us rich overnight… or it might grow slowly, over time, giving a nice return on an investment that many of us were smart enough to make. One thing I do know, for a fact… the Iraqi Dinar will not stay at it's current "value" forever. [post 3 of 3]
2-22-2017 Newshound Guru Adam Montana Here are a couple of very real facts: Iraq has a majority of the world’s natural reserves and crude oil, putting it on the same level as Saudi Arabia and Kuwait. If you know anything at all about Saudi Arabia and Kuwait, you should know that their currency is very valuable and their natural resources are the reason. So, why isn’t Iraq as rich as Saudi Arabia and Kuwait? That answer is simple – they only recently established a stable government, elections are now being held successfully, and the march towards financial recovery is progressing steadily. Crime and terrorism is lower and lower all the time! And just as importantly – the Iraqi people are unjustly impoverished as a result of the recent chaos, and they cannot remain in that situation for much longer – not when they control a major amount of the world’s “black gold”. [post 2 of 3....stay tuned]
2-22-2017 Newshound Guru Adam Montana This is the question I've been seeing a lot lately: "Is it a scam"? In a word - NO. The Iraqi Dinar is an item that has a past, present, and future value. We can put a dollar amount on that value for the past and the present, so the only real question is what the future value will be. If the value raises, you can profit. It's THAT simple. Keep this in mind when you read anything on the dinar - a savvy speculator must always be able to separate fact, opinion, and distractions. Here are some facts that will help you with this question of whether or not the "Iraqi Dinar" is a scam. The Iraqi Dinar Currency that is used today in Iraq is arguably one of the most sophisticated currencies in the world. The technology that makes it almost impossible to effectively produce usable counterfeit dinar currency is amazing. ...what about the "investment" itself? Is investing in the dinar currency a scam? The simplest concept you need to understand when talking about the Dinar Currency is that nobody is going to be able to tell you exactly when it will revalue. But does that mean the Iraqi Dinar Currency hype is a scam? Absolutely not! [post 1 of 3....stay tuned]
2-22-2017 Newshound Guru Aggiedad77 Article: "German loan gate to move the labor market" Quote: "...approaching global economic blocs in Iraq stems from its importance on the world stage and this important global effort perceived by the evolving under international indicators that put Iraq in the lead among the ten richest countries in the world." ...how can Iraq be placed center stage...on TOP of the world as the richest of the richest 10 countries in the world...how would that be possible...not just in the TOP 10...but at the top of the heap...you know what they have to do...Abadi has been told what he has to do...make it happen #1...the BEST is coming...big time BEST...can 3.22 make that happen?
2-22-2017 Newshound Guru Kaperoni Article: "Funding Facility for Economic Reform established to invigorate IraqÂ?s reform initiatives" Quote: "...UNDP will support the Government of Iraq to address key economic challenges and invigorate the reform agenda. Diversifying the economy, increasing national income, and improving the management of national assets will be of specific focus." Very good article. It appears the UN is helping Iraq push these needed reforms forward.
2-22-2017 Intel Guru Bruce I believe the Forex will not show a rate change of these currencies until the 28th of February or the 1st of March. ...we do understand Iraq has moved along very nicely. We understand they have the new smart cards, Qi cards. Their cards have been charged with their new rates. ...we are looking forward for good news with Iraq about the liberation of Mosul. We might have that in the form of an announcement here. We know that the banks in Iraq are open...even in Mosul the banks are open since 10am yesterday Iraqi time. The timing of this is very close in terms of what I am hearing. What we need is some good news come out of Iraq.
2-22-2017 Intel/Newshound Guru Backdoc Article: "... Treasury Spokesperson of Secretary Mnuchin’s Call with International Monetary Fund Managing Director Christine Lagarde" Quote: "Secretary Mnuchin also underscored his expectation that the IMF provide frank and candid analysis of the exchange rate policies of IMF member countries." I THINK IT'S VERY INTERESTING TO SEE "MUNCHKIN MAN" (AS I AFFECTIONATELY CALL HIM WITH ALL DUE RESPECT OF COURSE) MEET TODAY (Tuesday) WITH CHRISTINE LEGARDE FROM THE IMF. THIS SEQUESTERED GENIUS WILL SOON BE ADORED FOR HIS CREATIVE WORK. "ACTIONS MEAN THINGS."
2-22-2017 Newshound Guru Enorrste Instead, KAP [Guru Kaperoni] discovered years ago and we have elaborated on many times, a floating currency is the only thing that will work in the real world. But more importantly, this guy is convinced that a value of somewhere around $1.20 per dinar is economically feasible and desirable. Furthermore, he implies that this has been in the government's plan book for over 4 years, as KAP has already explained for the last 4 years! In other words, he is confirming...the correct view of the situation while at the same time specifically denying that an RV would work. Finally, as KAP noted, we see that, at least from this writer's point of view, the only thing now holding up the implementation of the float is the ISIS situation. It is anyone's guess what will be necessary to convince the government to move forward, but it is possible that recovery of Mosul might be sufficient. Only time will tell. [post 2 of 2]
2-22-2017 Newshound Guru Enorrste Article: "Raise the price of the Iraqi dinar to the fore again" Quotes: "Some Iraqi economist calls for the government to lift the Iraqi dinar exchange rate against the dollar until the rising purchasing power and increasing confidence it represents the sovereignty of Iraq..." "...Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars..." "The government is expected to return to the project itself after the end of military operations." This is one of the most positive articles I have read in a long time. The author clearly states that it is not possible to "RV" in the traditional sense and explains why. [post 1 of 2....stay tuned]
2-22-2017 Newshound Guru firefly Article: "Include the introduction of modern irrigation systems" Quote: "The Ministry of Agriculture to prepare new plans aimed at developing the sector, by increasing production through farmer support modern systems of irrigation legalized." Remember, one of the IMF requirements was to have Iraq diversify their reserves other than just oil. Agriculture is as great an ASSET as is oil and gold. Iraq is following the IMF requirements to the TEE.
2-22-2017 Newshound Guru Kaperoni ...measures need to be in place for the success of the transition from a fixed rate to a float. Just exactly to what extent is yet to be seen. That being said, I believe once the dinar is internationally convertible worldwide and the CBI is in Article VIII, demand will increase for the dinar. Just the exposure alone to the world financial system should be enough to create some upward movement in the value.
2-21-2017 Intel Guru RayRen98 On Iraqi TV, via satellite in US, it is reporting in the coming days a mechanism will be activated that will eliminate the US dollar and raise the value of the dinar. Reportedly, PM Abadi on Iraqi TV implying that Maliki may be brought before the courts on a charge of high treason. Also, indicators are now saying Rafidain Bank is preparing customers to do their deposits in dinars, NOT US dollars.
2-21-2017 Newshound Guru Aggiedad77 Article: "The Washington Institute for Trump: Iraq a better partner for the United States" How many different ways can you spell DEALS...the US is saying that Iraq is a better partner...really... Remember Iraq was given the cold shoulder by many...but now has become a key player and hot potato IMO...it goes on to say that Iraq will become rich...wealthy...and US companies will help level the playing field for them...Time is Up......the BEST is coming.
2-21-2017 Newshound Guru Kaperoni Article: "Raise the price of the Iraqi dinar to the fore again" Seems pretty clear that the author/economists want to raise the value gradually like we have stated over and over. The good news is they say they expect it to start once ISIL is gone. Quote: "The government is expected to return to the project itself after the end of military operations."
2-21-2017 Intel Guru RayRen98 Citizens in Iraq are informing that there is a ban on using the US dollar...supposedly in all provinces! Is this the final phase to economic reform and a public release of a revalued currency? Time Will Tell.
2-21-2017 Newshound Guru tlar [Do you have a guess on a rate? I communicate with another guy who believes there is too much dinar out there for much of an increase. Would you agree with that?] Its only a best guess as to how many dinars are circulating or how much of what they state is actually USD with the equivalency stated in dinars at any one time, because they will never divulge that to the public or even their own citizens. ...remember it is not dinar released from the CBI that they have to cover, but rather dinar circulating in Iraq in day to day commerce. The CBI may have released in the upper 30 trillion range but the dinar circulating is much less than that figure. The newspapers and media has always referred to all the dinars released as circulating in Iraq...The dinar you and I hold and the dinar not in Iraq that is other countries and central banks, is not considered circulating in Iraq.
2-21-2017 Newshound/Intel Guru BGG "Headline: Securities recorded an increase of 308% in the number of shares traded last week" (that would be for the ISX)...and 130.7% the week before...it would appear the "chunky money" and investors are feeling more and more secure in their own market place BY THE DAY! [That's a week over week volume increase.] They know what's coming. I just hope they leave a little meat on the bone for us. It just shows the mood of the private investor - which is good for us...They aren't complaining about the "worthlessness of their currency" - they are slingin' that stuff around like a fat kid chasing ice cream cones!
2-21-2017 Newshound Guru Aggiedad77 Article: "Iraq discuss with the launch of the International Monetary Fund for a new batch of loan" Iraq must have been doing some wonderful things to see a new batch of loans being considered dontcha think.
2-21-2017 Intel Guru Frank26 Mosul = stability / security for ALL of the Middle East AND Europe! DEALS outside of Iraq with the UK...with China...they are willing to play fair with their currencies. DEALS with Vietnam....Wait...didn’t Obama put sanctions on Vietnam? Yes...Vietnam sanctions...are only on their currency. They got caught just like China for manipulating their rate... But those sanctions ...in about 2 weeks are going to be lifted! Their revaluations...will not be like Iraq...IMO...smaller increments...in about 6 phases. DEALS are being made...while the value of the IQD is low…with countries who are waiting for the IQD to come out. DEALS...whatever you want to call them...was slipped into the formula for the release date of the RV of the IQD. Something is up...because TIME IS UP. All we are doing is waiting for the rate to go up. [post 3 of 3]
2-21-2017 Intel Guru Frank26 Trump says to Abadi...“go to Germany...talk to those in the long-line...tell them to invest in your country...Tell you citizens that the “full assault” on Mosul will begin this Sunday.” Seven...American bases in Iraq...we (USA) are not going anywhere! This is the beginning to the end of ALL OF MOSUL...and IMO...in ABOUT 2 weeks...it could be less...! Mosul is being completed at a much faster pace! This is the FULL-ON ASSAULT for the MR [Monetary Reform]. Is it Iraq’s choice to wait for Mosul for the RV? No…It’s not Iraq’s choice. We (USA) are not the only players in Iraq. IMF, UN, BIS, WB, etc. Iraq has its feet being held to the fire by those involved in the MR. [post 2 of 3....stay tuned]
2-21-2017 Intel Guru Frank26 On the early dawn on Sunday, something dramatic happened for our investment. DEALS are going on...happening so fast...Out of nowhere...all of these countries want to MAKE DEALS. Security and stability is really the key all over the world right now...and it all starts in IRAQ. If people want to make DEALS...to include China and North Korea...so that things are FAIR...that is astonishing. DEALS are being made for everyone that’s in the LONG-LINE...those that want to play on an even playing field...equal and fair trade. TIME IS UP! And that’s why we have DEALS that are being made. DEALS will fatten Iraq’s reserves...fuel their future. IMO ...over the weekend...these DEALS were triggered off...all from a phone call. The call...Trump to Abadi. A NEW DEAL was born. And that’s probably why we haven’t see the MR yet. Trump is a master negotiator...and as a holder of IQD...you should be thrilled about that! [post 1 of 3....stay tuned]
2-21-2017 Newshound Guru firefly I don't have a date nor a rate but one thing is for certain, we are standing on the edge of the precipice. And... IT WILL NOT Be A FREE FLOAT LIKE SOME FOLKS SUGGEST. Those that suggest a free float are not very versed on the laws set up by the IMF and the WB a few years ago.
2-21-2017 Newshound Guru loop Article quote: "the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states," and expressed hope that "Iraq is essential to attracting capital and center." Huge step forward to open the doors to the wall of Investors. IT's right out of article 22 of the Investment Law. Article 22: The foreign investor shall enjoy additional privileges in accordance with international agreements signed between Iraq and his country or multilateral international agreements which Iraq has joined.
2-21-2017 Newshound Guru Aggiedad77 Article: "Keywords: cash reserve is reassuring for the next five years" Quote: " ...it has received praise from specialized international organizations, and the reserve is calculated by the Central and the international Monetary Fund does not accurately raises concern for the next five years." Why would Iraq's Central Bank Reserves be considered by not only themselves but the IMF for the next five years...may I say "deal"... because of what has been agreed upon that perhaps we do not yet see...But what you do see is perhaps not all of the picture...remember boatloads of money coming into Iraq a short while ago...many things doubled...oh but that was a tip of the iceberg...IMO the IMF and others can see the full iceberg and no it is not global warming that is shrinking anything...it is global agreements that in fact are growing the iceberg...and that growth will soon stimulate an explosion that will catch our world as we know it in a shocking but oh so positive surprise...Wait for it...for IMO...the BEST is coming...
2-20-2017 Intel Guru RayRen98 Iraqi TV is reportedly referencing economic reform with officials discussing raising the dinar to 1.20 to the US dollar. Time Will Tell!
2-20-2017 Newshound Guru loop Article: "Keywords: private banks, their performance distinctive and are satisfied with it" Alak came out today punching the media for misreporting. ...he is saying...out of 60 private banks only 2 or 3 are not where they should be and they are currently work with them to correct this. ...ealier in the week a MP on the finance committee came out with the figure that the CBI reserves are 40 billion dollars and Alak came out today saying that the reserves are 49 billion dollars and that they are well within international accepted standards. In addition they...the reserves cover the local currencies by a "large margin". It's important to note that most countries in the world only have enough reserves to cover their currency by 10%. Iraq can currently cover their currency by over a 100%.
2-20-2017 Newshound Guru Aggiedad77 Article: "Proceeded Rasheed Bank, on Monday, activating the e-government citizen complaints for the service of citizens." Iraqi citizens the digital world is coming to a bank near you...get on board and get ready for a wild and wonderful ride...To make this work Iraq has to continue to improve the electricity issues around their country...but rest assured this e-"thing" is here to stay...welcome to our world... welcome to the big leagues...deals...are done...contracts are done...money is ready honey...just push GO and start collecting...For this done deal to materialize before our eyes...the BEST is coming and it's all about Iraq...and the World...in the still of their night...let us smile.
2-20-2017 Intel Guru ADMINBILL LOOKING LIKE GREEN IS A VERY REAL POSSIBILITY LATER THIS WEEK. I EXPECT A MAJOR ACTION TUESDAY OR THURSDAY...WHEN IT OCCURS, WE ARE THERE. I AM LOOKING FOR EXCITING THINGS TO HAPPEN IN MOSUL, AND WITH REGARD TO OUR OWN CURRENCY THIS WEEK. LET'S SEE IF THOSE CAN BRING US HOME.
2-20-2017 Newshound Guru mike [...if the market rate drops is that a good thing?] The market rate, or street, dropping is a good thing. As of today the street rate is 1270-$1. The official rate is 1182-$1, so there's a spread between the two is 88 dinars, or roughly 7.5%. That's not good enough for the IMF, they want the MCP, or spread, to be 2% or less and hold it for at least 90 days before Iraq can move to Article VIII compliance. In a nutshell, the market rate dropping is a good thing. [You can see the Official CBI Dinar rate and the CBI reported Market Rate in the Dinar Guru Resource bar on the left side of this page]
2-20-2017 Newshound Guru Breitling What’s the deal with the math with Iraq? Take a look at this…look at their economy now. How much oil are they producing compared to how many people they have and the market prices. Now go look before the first gulf war. They are producing more. There are more people in the world buying oil so the whole thing is bigger. But their currency is at a tenth of a penny? You think that’s the market rate? Are you blind? This is for the people who are not in this investment…how blind are you? Obviously the currency is artificially held down…Go by the math. All the math is there. All the proof is there. You don’t need to have doubts. The question is, when is this going to happen? Everything I talk about is based on principle..it’s the numbers…It’s everything. Fortunately, I didn’t come up with those numbers. Guess who came up with those numbers? The Ministry of Finance. The Ministry of Planning. The parliament. the CBI. That’s what you need to worry about.
2-20-2017 Newshound/Intel Guru BGG "the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states," and expressed hope that "Iraq is essential to attracting capital and center." ...the agreement represents an important signal to the international arena... BOOM!! they are providing assurances, protections and a way in and out for international investors. these are CRITICAL items to the freedom of movement of capital in and out of Iraq. [The agreement was signed at the United nations.] yes, which BTW...was more than a little shocking to me. It appears the UN is much more involved I imagined.
2-20-2017 Newshound Guru wmawhite Article quote: "the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states," and expressed hope that "Iraq is essential to attracting capital and center." This shows that the GOI has been signing agreements/conventions that we never knew about. The GOI has been doing this because they do not require the Parliament consent to do so. HUGE...well as important bilateral and international conventions signed by Iraq and the number of States”... And where was this announcement made? the United Nations...The agreement was signed at the United nations.
2-20-2017 Newshound Guru Aggiedad77 Article: "The Central Bank of Iraq, Sunday, for his ability to cover Iraq's international obligations as well as foreign trade financing, as he emphasized that the country's reserves of foreign currency within the "international standards." ...so how are they able to do this with a program rate...inquiring minds want to know. Big things are coming this week...listen to President Trump...watch what goes on...my glass is running over...and has been since Friday afternoon...cautiously optimistic...And....yes "Time is UP".
2-20-2017 Newshound/Intel Guru BGG ...much of the expectation we've all had - was directly inspired by Abadi and Alak. They are the ones telling us when they were going to "start the project"... whatever "delay" Alak commented on - seems to drawing to a close...the delay - appears to be the handling of Mosul. They expected this done sooner - it wasn't... looks like now it is. That's the key - AND, I fully expect some very good news coming out of Mosul this coming week.
2-19-2017 Newshound Guru Aggiedad77 IMO...there will be good come of this trip in many ways...watch for it...and with President Trump's rousing speech yesterday, it could likely be this week. IMO...if today's window slides by...I can see a window either being stretched...or a new one being opened until the end of this month...or to day...because events are happening so quickly...You aren't seeing all of what is happening IMO...what the media reports is only the tip of the iceberg with these meetings again IMO. [post 2 of 2]
2-19-2017 Newshound Guru Aggiedad77 Article: "Iraqi presence was influential and present through other meetings Observers believe that the Abadi succeeded in marketing the Iraqi issue globally and gain the trust and sympathy of .the participants in the conference leaders." It is my deep opinion that Abadi is meeting with more world leaders on this trip than just about any trip he's made in the last year...something is up...Something is astir with all these meetings...and the kingpin of them all his meeting with VP Pence...IMO he might as well been having a face to face with President Trump...that message being delivered by VP Pence was as good as it coming from Trump himself. [post 1 of 2....stay tuned]
2-19-2017 Newshound/Intel Guru BGG [...is HCL land boundries and alotment for oil?] HCL is (generally) referrred to as "The Hydro-Carbon Law" - AKA H.C.L. there are several variants. for a true HCL - it is possible they need to solve Article 140 - which will require a truely accurate census... (none of which will happen soon)...now - here's the good news...They have managed to "side-step" this whole issue by regularly "codifying" something of an HCL agreement in each and every annual budget...since 2015? HCL isn't so much land boundaries as it is - WHO GETS WHAT... in simplest terms...how much each bunch gets. But...they have handled it - in more of a technical "end around"... [...always heard no hcl no reval.] let me help you - that's bull ****.
2-19-2017 Newshound Guru Aggiedad77 the Iraqis are doing their part well with this last push of Mosul...all is good...the BEST is coming... the feeling I'm getting over the battle action in Mosul...plus the kinds of meetings that Abadi is having in Munich...plus the sheer numbers of meetings he's having...add that on top of Trumps HUGE speech yesterday...this plan IMO is coming together...It's been planned for the right moment...and I'm thinking it's definitely not months away, nor even weeks away...but we all know it's the ME...and they drag their feet in the sand...but Trump is a strong businessman who expects that anyone he works with to be prompt, professional, and to get things done...No more lollygagging like we've seen in the past...he knows what is needed and the results it will bring...it all is pointing in a positive way...it is a time to be searching for the nuggets that are thrown out...it may not be heavily announced...in the still of their night...watch for it.
2-19-2017 Intel Guru Frank26 Yesterday Mosul went from Medium Done to...Well Done...IMO.
2-19-2017 Newshound/Intel Guru BGG Article: "Iraq joins the transparency in the arbitration agreement between investors and states" Oh wow - they are REALLY BEATING THIS DRUM right now... Once international investment has both and way in and a way out - you can have "freedom of movement of capital" - AKA TRUE EXCHANGE...then the IQD will be able to move freely as well. They may not be "there" just yet, but they aren't far off. [You mean freedom as in some form of FREE MARKET ECONOMY!] in every sense of the word.
2-19-2017 Newshound Guru loop Investors will not come to Iraq in any meaningful way until they are sure that they can get their initial investments and profits out of Iraq whenever they choose to do so. Investors coming into Iraq is a major part to ensuring that Iraq realizes it’s vision of being one of the riches countries in the world... Now for the million dollar question. Is the investment law needed prior to an increase the purchasing power of the dinar? IMO...NOT HAVING THE INVESTMENT LAW PASSED WILL NOT STOP THEM FROM AN RV...HOWEVER IT DOES HAVE TO HAPPEN SHORTLY THERE AFTER IF THEY WANT THE WALL OF INVESTMENT CAPITAL TO COME IN A SUPPORT THE MOVE OTHERWISE THEIR ECONOMY MOST LIKELY WOULD FALTER...HUGE PIECE OF NEWS! [post 2 of 2]
2-19-2017 Newshound Guru loop Article: "Iraq joined the Convention on the transparency between investors and states" Quote: "National Investment Commission announced on Wednesday it had signed an agreement on transparency in the arbitration treaty-based investor-State in 2014 at the United Nations headquarters in New York." What is very encouraging about...this article, is that it indicates that some of these international and bilateral agreements have already been signed. Which is right in line with Article 22 of the Investment Law...this is a very big tell. Why on earth would they even bother with these agreements unless they had every intention of needing them in the near future? [post 1 of 2....stay tuned]
2-18-2017 Newshound/Intel Guru BGG Article: "Iraq joins the Convention on transparency between investors and the States" (the vitally important paragraph...) …”Iraq has issued a number of legislation that works to protect the investor and capital to do business in the country, at the forefront of investment law number 13 year 2006 and amendments which carries a lot of features and protection for investors, as well as important bilateral and international conventions signed by Iraq and the number of States”… I don't think I can stress enough - how important this is...and it may not IMMEDIATELY = what your timeline "wants" are - but it is BIG NEWS. Likely, THE TURNING POINT... Read that last paragraph again… (and again) – This may be THE NUMBER ONE piece of Dinar News “pre-RV”. I have been looking for a couple of important pieces to fall into place, this is one of the top 2 or 3...HANG ON!
2-18-2017 Newshound Guru Aggiedad77 ...Prime Minister Haider Abadi, the Iraqi in Munich Security Conference...What message was VP Pence delivering to Abadi, likely IMO coming straight from President Trump...those are the true nuggets of this trip...will Abadi head back to Baghdad tonight on his own personal red-eye flight...has he been given the green light from the leader of the free world...to step Iraq into a new realm...That is what I watch for...it is coming...IMO.
2-18-2017 Intel Guru RayRen98 Up to 45 banks now (handling the dinar). Banks are openly accepting the Iraqi Dinar. As far as I’m concerned that makes it International. Even if not International, all we want is for banks over here to accept it. Other currencies started fluctuating this last week and we put that out there. I knew from past experience these are short windows. We are looking good, and feeling good. ...we wait for the ultimate trip to the bank...I believe we are very close. We are looking for things to unfold any time. We are close enough to know this rodeo is coming to an end, we just don’t know when.
2-18-2017 Intel Guru Dr. Clarke ALL of these time frames, can Change right now, at the drop of a hat, because of the serious turmoil, chaos and unpredictability being demonstrated in the world today, in what we describe as “The Perfect Storm”, now happening toward, and reaching a High Spot, the last week of February. However, we STILL see, these time frames playing out, with the highest of probabilities. There are cycles in place, that are powerfully being completed, and we see them happening, RIGHT NOW. If “The Perfect Storm” gets too severe, especially from Feb. 21 - 26th...it could delay things into MID APRIL…..but we really don’t think, it will...we still think, positive currency movements will take place. In any event, it will be very interesting to see where the Rates are, MID-APRIL, 2017, regardless. [post 3 of 3]
2-18-2017 Intel Guru Dr. Clarke VIETNAM: Very close, if not at the Same Time Frame (Feb. 26 - Mar. 6, 2017), it is our opinion, based on ALL our indicators, that Vietnam will Officially Print a NEW, significantly increased Dong Rate, which will be applicable country-wide...Then, an “OPTIMUM Exchange Window”, that will extend into the Late - JUNE time period (FEB. 26 - Late JUNE), of which, you’ll have many choices (Notice this is Longer than the Dinar Optimum Exchange Window. OPTIMUM being the key word). This is ALL purely our SPECULATION, based on current circumstances. We’re NOT going to speculate about “Rates”, at this time. [post 2 of 3....stay tuned]
2-18-2017 Intel Guru Dr.Clarke ...2 weeks ago...we said that “The Perfect Storm” was coming by the very end of February? ...In our View, this is what is about to take place, from February 21-28, 2017, and is already shaping up right NOW. IRAQ: In our view, and by ALL our indicators, we think Iraq will Officially Print a NEW, significantly increased Dinar Rate, which will be applicable country-wide, between FEBRUARY 26 - MARCH 6, 2017...then, a “6 Week OPTIMUM Exchange Window”, through to around April 16th will ensue, of which, you’ll have many choices. “OPTIMUM, being the key word”. (Use your discernment). The Middle East “REGION” will see more than ONE country’s currency significantly increase, simultaneously. This is an Important Trigger: We also see Iraq making a very important announcement publicly & officially, about ALL of Mosul being ISIS free of control, and Iraq’s improved Safety & Security (with details), on or before February 28, and thus in tandem with the new, official rate. [post 1 of 3....stay tuned]
2-18-2017 Intel/Newshound Guru Backdoc AS SOON AS "MUNCHKIN MAN" (Mr. Mnuchin) WAS SWORN IN HE HAS BEEN PROTECTED FROM THE MEDIA. WHY? BECAUSE WHAT HE IS WORKING ON AFFECTS THE DOLLARS' VALUE AND THE NEW TAX PLAN THAT IS SOON TO BE ANNOUNCED. WE WILL NEED TO SEE THIS ROLLOUT VERY SOON SINCE IT’S LINKED TO THE NEW BUDGET AND TAXES! REMEMBER, LAST WEEK THE U.S. TREASURY CONNECTED THE NEW DIGITAL DOLLAR TO THE DIGITAL DINAR AND YESTERDAY WE SEE THE NEW DIGITAL SWIFT PLATFORM ADMITTING THEY ALREADY CONNECTED TO 60 COUNTRIES! WOW! THIS PROCESS IS NOW IRREVERSIBLE AND IT’S TIME FOR OUR QUARTERBACK TO TAKE THE FIELD BECAUSE IT’S JUST ABOUT GAME TIME!
2-17-2017 Intel Guru Frank26 MOSUL...IMO...is done enough! ...it is done enough to put security and stability into the monetary reform. It is SO DONE … ACCOMPLISHED...that they said...they will put a BANK on the LEFT SIDE...in MOSUL. The MR is right in front of us. They are very, very close to raising the value. IMO...Iraq is international! It’s too obvious...but at a program rate...this is like the Goodyear blimp without helium.
2-17-2017 Newshound Guru Breitling ...Do you think President Barak Obama, President George Bush Jr., President Bill Clinton and President Trump and can get together and deem these note this value and then all of a sudden they are worth a buck? If you think they can do that and have the power to do that then you’ll buy anything. That’s not how it works. They still have to reduce the note count no matter what. No country in the last 100 years has gone outside those principles. This is very easy to follow. [Post 2 of 2]
2-17-2017 Intel Guru Bruce The reason was...the CIPS system. That has superseded the swift system. It was put together to allow wire transfer to occur in as little as 18 sec to 53 sec around the world...attempts...made to integrate the swift system into the CIPS system and make those two systems work parallel with each other in such a way the Swift system can operate at the same speed of the CIPS system...We have that system interrogated approximately 1:30pm EST [Thursday]. What does that mean? The timing was that system was to switch on in its activation at same time the intake for the Dong at the trial exchanges stopped. It wasn’t coincidence. Now we have the ability to do wire transfers all over the world and domestic transfer in the United States at lightning speed without delay, open transparent. The point I am telling you about this is that is to show you how close we are. [post 2 of 2]
2-17-2017 Newshound Guru Breitling One of the emails I get again and again is…”Did George Bush Jr. state that the Iraqi War was going to be paid for and that he brought over a bunch of dinar from Iraq?” There are two answers to this. No he did not. And it’s not provable. But it has nothing to do with our investment. Absolutely nothing at all. So we want to be as sure as we can about out investment…what do you do? You go back to parliament. What did parliament say to the IMF that they wanted to do? What did they say to the Minister of Finance on what they wanted to do? What did the Ministry of Finance say to the Ministry of Planning? What did the Ministry of Planning say the the Central Bank of Iraq? And then what’s going on with the currency? It’s that easy. There is nothing else to ask. [Post 1 of 2]
2-17-2017 Intel Guru Bruce We are in good a position that a lot happened to get us to Tuesday and a lot happened to get to us where we are now. A lot has happened the last 24 to 48 hours. What we heard is what we are going to call early exchanges on Vietnamese Dong. A few weeks ago same type thing going on with the dinar. My understanding this is it. The Dinar was done. The Dong was exchangeable at lower rates which I know were 39 cents to 56 cents per Dong. These exchanges went on for 23 hours and 35 minutes. Then they stopped abruptly. ...the opportunity was a short window today for a reason. [post 1 of 2....stay tuned]
2-17-2017 Newshound Guru firefly Article: "MONDAY, JANUARY 9, 2017 CBI adopts IBAN system" So as we can see, the banks in Iraq ARE prepared. [yep just when are they gonna do it?] We're just going to WAKE UP TO IT. Nobody knows the implementation date but I believe we are closer than we have ever been! [hoping right after Mosul.] I don't believe Mosul is an issue any longer...Mosul will NEVER be 100% secure. But...is it secure enough at this juncture to move ahead with the reforms? My opinion is YES. [It would be real fascinating if the CBI would show a International rate.] They will but it may show on the Arabic side 1st IMO.
2-17-2017 Intel Guru Delta [The TRUE RATE should show up on the CBI website any day! That website...has been empty...the remittance of their auctions and the rate.] Yes...it’s been empty. The remittances are a wire-transfer. They used to have a manual form. In the past if I wanted to send you 1 million dollars...I would have to fill out this form...give it to the CBI...with 24 hour notice...etc. Now...because of IBAN...for the last 6-7 days...the CBI doesn’t have to do things manually anymore. All electronic. We’re just waiting for the NEW RATE. Saddam manipulated the numbers. ...Dr. Shabibi...he said they that wanted to get around $2.80. The rate...if you go back to the 70’s and 80’s it was $2.80. $2.80 was planned by Shabibi and the CBI a long time ago.
2-16-2017 *** Dinar Guru Community News *** I'm saddened to report Newshound Guru Admin Bob passed away suddenly Wednesday . Our thoughts and prayers go out to his family and friends. He has been a fixture in the dinar world for a very long time and will truly be missed. The latest guru posts will continue below...
2-16-2017 Newshound Guru firefly Then we have IBAN. IBAN is different than the Swift system although it IS a part of the swift system. All of this is from the CBI! Iraq is still not listed on the IBAN site...Yet the CBI announced which banks will handle the IBAN...So what does that tell you. remember Swift is used between BANKS...IBAN (International Bank Account Numbers) is for the PRIVATE SECTOR for international transfers. The fact that banks in Iraq are READY for IBAN excites me intensely. I'm sure it also has the contractors and foreign companys excited as well...too many items lining up to ignore! [post 2 of 2]
2-16-2017 Newshound Guru firefly Article: "World Band preconditions "reconciliation" for supporting Iraq" Quote: "World Bank regional sources reported that it will grant Iraq its financial support in parallel with the reconciliation project after defeating Da'ish (ISIS) organization." I mentioned many months ago how important the National Reconciliation Law is to our investment! [How long will that take?] Still not transparent but many promises made according to articles that it is just around the corner. [post 1 of 2....stay tuned]
2-16-2017 Intel/Newshound Guru Backdoc LET'S FIRST REMIND YOU THAT LAST WEEK THE UST WAS IN IRAQ AND THEY HOOKED UP THE DIGITAL DINAR TO THE DIGITAL DOLLAR... NOW TODAY WE ARE SEEING IMPLEMENTATION OF THE DIGITAL DOLLAR WHICH I TOLD YOU WOULD HAVE TO OCCUR PRIOR TO THE EXCHANGE OF ANY DIGITAL ASSET-BACKED CURRENCY! TODAY THE DIGITAL DOLLAR IS CONNECTED TO OVER 60 COUNTRIES! NOW THAT IS IMPLEMENTATION MY FRIENDS! THE FINAL STAGE IS NOW SET TO ROLL...WE HAVE A LOT TO BE EXCITED ABOUT BECAUSE NEXT WILL BE OUR TURN! [post 2 of 2]
2-16-2017 Intel/Newshound Guru Backdoc Article: "The introduction of the new service "Swift" for innovation in global payments" TODAY IS MORE THAN THE ANNOUNCEMENT ABOUT THE NEW DIGITAL SYSTEM...A FEW WEEKS AGO WE SAW A PREVIOUS ARTICLE ON THE NEW DIGITAL SWIFT SYSTEM AND THAT THEY HAD UPGRADED TO THIS NEW TECHNOLOGY. THEY HAD NOT OFFICIALLY IMPLEMENTED AT THAT TIME BUT TODAY, BOOM! IMPLEMENTED. I HOPE YOU UNDERSTAND WHAT THEY ARE SAYING HERE! [post 1 of 2....stay tuned]
2-16-2017 Intel Guru Frank26 Remember the article about the AIRLINES? They said...don’t accept any foreign currency...only the IQD. So...what did we see today in an article? It said THEY CANNOT do it...SITA is our program/computer and SITA will not receive as a form of payment with our existing dinar due to the flux of the dinar. The airlines were TOLD by the CBI and the GOI. This article was a PREMATURE STATEMENT! They cannot end using USD’s until they raise the value of their currency! Their program rate is still in the...SITA system. The only way to stop the problem...is to raise the value.
2-16-2017 Newshound Guru mike Article: "Parliamentary Finance: The government withdrew its $ 48 billion cash reserve" Now we're down to $40 billion in reserves and essentially, nothing's changed. I don't see oil prices surging back to $100 a barrel and terrorism is never going away. Iraq needs to course correct now, there's no more time to waste.
2-16-2017 Intel Guru Delta A lot of you are looking at the UN Operational Exchange Rates. That has nothing to do with Iraq. Iraq doesn’t have to wait until the next UNOP rate date changes. We believe that the budget was passed...and showed up in the Gazette on the 9th. Did you see the budget implemented yet? No. What are they waiting for? The only time you have to amend the budget is if you changed the rate. YOU SHOULD BE VERY EXCITED! The BAS News website ...that showed a rate...the newspaper took down those numbers...Where did those numbers come from? Software. At that time...they were testing the new rate. We continue to watch for the NEW RATE...that could happen ANY DAY...ANY MINUTE. We believe that in our hearts...this is our month... The TRUE RATE should show up on the CBI website any day! [post 3 of 3]
2-16-2017 Intel Guru Delta An article from the IMF...they say that every member nation...when they want to change their rate...the IMF has to know within 30 days of the implementation. These are NOT rumors! This is fact from the IMF website. The 30 days give you 3 windows...the 4th the 12th and the 17-19th...so we believe...this week...for Iraq to show the rate. It’s never happened before for them to remove the indicative rate for that long. Where does the indicative rate come from? This indicative rate comes directly from the IMF...they give that to Iraq... One of the memos that we found talked about the exchange rate. The CBI controls the market price...auctions and cash. The thing that can’t control anymore is the TRUE RATE! ...the CBI...they got the permission...we believe within the last 72 hours. This is NOT rumors! This is a fact from the IMF. [post 2 of 3....stay tuned]
2-16-2017 Intel Guru Delta The CBI and the program rate...what is going on there? January 2017 the CBI...all of the sudden the program rate was taken off. January 2, 2017...when auctions started...the spreadsheet...the program rate 1184...and then January 12, 2017...we watched it...they had an auction...the numbers disappeared. ...the program rate is gone...the spreadsheet...the indicative rate. Why is that significant? Articles from the CBI (long time ago) stated that they couldn’t have 2 rates in the same fiscal year. When the CBI and the GOI decide to come up with a TRUE RATE...that must happen in the beginning of their FISCAL YEAR...That should have been the 1st week in January 2017. It didn’t happen at that time for whatever reason. They agreed not to postpone. The meeting on January 17 to 19th with the IMF...everyone involved...everyone was there...and we believe that that date was a high possibility of them getting the green light to lift the value. [post 1 of 3....stay tuned]
2-16-2017 Intel Guru Bluwolf All things already talked about and expected to occur are now...coming into reality...and they will be revealed through a domino effect process, just falling into place one behind the other. As some whom have seen some recent screen rates sort of high, let me informed you that those are just placeholders for all the rates are still floating, but one thing is for sure is that the real rates will be much higher than seen by these folks. The turmoil of political events now in DC are being structured to delay our blessings but the guy with the Golden hair knows of that and is pushing forward...That is where we are folks as we speak. See you at the banks...
2-16-2017 Newshound/Intel Guru BGG Article: "Rasheed Bank grants loans to citizens of up to 30 million dinars" [...any thoughts on Rasheed bank starting car loans and buying Us dollars from citizens!] 1st - why would they loan money in an economy "like this" - up to... 30,000 USD. 2nd - who would want to get rid of their USD?? Seems like a real shift in perception of the IQD value on the street is coming...or at least Rasheed is forecasting one.
3-13-2017 Newshound Guru Kaperoni Article: "Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality" Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
3-13-2017 Newshound Guru Revbo Great progress made today by #Iraqi forces in #Mosul they end the day with a celebration dance. #Iraq's armed forces are only 200 metres from #Mosul's old bridge (will be the 3rd of the 5 main bridges to be liberated). [See Last week's map below on 3-8-2017]
3-13-2017 Newshound/Intel Guru BGG [Why would it be logical for Iraq's RVed rate to come out lower than Kuwait's current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical - except oil resources and prices have zero to do with currency valuation - according to the IMF... Further - since the very definition of "currency" is a "promissary note" on the economy of a country. Truthfully - it's going to be what the world - ie, IMF, UN, WB wants it to be...since...each currency is limited by boundaries of acceptance. In Iraq's case - it is not internationally traded and therefore not accepted. ...is this on the horizon - it sure looks promising... however, Iraq could "price" their currency at whatever they want... without international acceptance and support - who would buy it?
3-13-2017 Intel Guru DAZ [...do you know how long the timeframe of the revalue of Kuwait and its conception to end of public announcement?] CONCEPTION MAY HAVE TAKEN YEARS TO IMPLEMENT...I THINK I REMEMBER THE RATE ONLY BOUNCED A COUPLE WEEKS AFTER REACTIVATION...AN RI WOULD HAVE BEEN IN THE .84-1.14 RANGE IN COUNTRY WITH A CALCULATED EXTERNAL RATE AT $3.22.
3-13-2017 Newshound/Intel Guru BGG Articles: "Mosul .. Iraqi forces predict the 'big wins' within hours" "Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland" "Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation" So there are a few juicy headlines... I am still amazed at everything going on over there - and people still (as late as last nite) e-mail me boo hooing about how it hasn't happened yet. I just comment on it - the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven't had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary - all looks good from what they have said. Once this security "check box" is filled - we'll have to see what they do.
3-13-2017 Intel/Newshound Guru Backdoc [IMF taking Iran through the SAME procedures as Iraq... for their "monetary policy"...Iran has begun the steps of transparency with the IMF...] YES... BUT QUITE FRANKLY IRAQ IS THE GOLDEN CHILD. THEIR WEALTH IS BEYOND COMPARE. JUST WAIT TILL THEIR MINERAL MINING GETS ROLLING, WOW! IMO.
3-12-2017 Newshound Guru Phillyman I'm hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction. It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
3-12-2017 Intel Guru ADMINBILL RED ALERT STATUS...THERE IS MUCH GOING ON. WE MAY BE LOOKING AT THE END GAME THIS WEEK.
3-12-2017 Intel/Newshound Guru Backdoc WE KNEW BY THE ARTICLES WE STUDIED THAT WE WOULD GET TO THE COMING DAYS BUT WE HAVE TO SEE IF FOLLOW THROUGH IS THERE... IT DOES APPEAR LIKELY.
3-12-2017 Intel/Newshound Guru tman23 Post Mosul...What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO...THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE...IT'S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON... Abadi promised them all a raise retro active back a full year when he became the PM...Never knew where the $$$ was coming from then... The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it's citizens...We shall see !!
3-12-2017 Intel/Newshound Guru Mnt Goat Article: "Economist reveals: Iraq has "huge" sums of money in secret bank" Quote: "Iraq has large numbers of funds in Swiss banks, to be returned to Iraq, its importance , " ...it looks like they are going to use the leverage of the ability to open a Swiss embassy with getting this money returned to Iraq. Seems Iraq is just finding money everywhere!
3-11-2017 Intel/Newshound Guru tman23 Article quote: "WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday." SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi...THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE...IMF MEETING TAKING PLACE WITH IRAQ...THEY HAVE A PLAN ROLLING OUT...LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
3-11-2017 Intel/Newshound Guru Backdoc ABADI IS IN THE U.S. ON THE 16TH. THE G20 MEETS ON THE 17TH. ON THE 21ST IRAQ HAS A PUBLIC HOLIDAY. MMMM WHAT A MONTH THIS IS TURNING OUT TO BE AND I'M SURE THERE WILL BE MORE IMPORTANT HAPPENINGS TO FILL IN THESE WILD MARCH DAYS! THE COUNTDOWN CLOCK MAY HAVE ALREADY STARTED. TIME WILL TELL SOON ENOUGH! IMO.
3-11-2017 Intel/Newshound Guru Mnt Goat Article: "Iraq aims to drive Islamic State from west Mosul within a month" ...there are three weeks remaining to March. So their prediction is to early April to clean out western half of Mosul. I’d say they are not doing too bad in meeting their target date for end of March. So it might slip by a week or even two weeks.
3-11-2017 Intel Guru Frank26 Article: "U.S. Secretary Tillerson meets with Iraq’s oil minister in Washington" Good to see this confirmation today. IMO ... This escalation is very good!!! IMO ... Moved to the 16th. IMO ...May move again.
3-11-2017 Intel/Newshound Guru tman23 HOLD ON TO YOUR SEAT... "WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq." “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room." AND THEN... "Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19..." KABOOM! The reschedule comes at the request of the White House...ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
3-11-2017 Intel Guru ADMINBILL THERE IS MUCH GOING ON. IT APPEARS THAT WE ARE LOOKING AT THE END GAME NEXT WEEK RATHER THAN THIS WEEK SO I AM PUSHING BACK OUR ALERT TO MATCH THAT ASSESSMENT. COULD IT STILL HAPPEN THIS WEEK? MAYBE BUT I AM NOT GOING TO GET YOUR HOPES UP.
3-10-2017 Newshound/Intel Guru BGG Anyone recall how many days it's been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda' weird how they just started updating the CBI website again - after something over 45 days? Wow? No change in status - of course...just really weird.
3-10-2017 Newshound Guru mike I don't see a rise to the $3 range for years, they've got to much work to do. Am I frustrated? No. Do I call out the ignorance that is displayed by the GOI when I see it? Sure! But that's what keeps me level set in this deal, I don't get excited about one or two lines in an article from an economist, been there done that...but I also feel like this investment will turn into something once they get the foundation built, they drop the sectarianism and fix the corruption...IMO.
3-10-2017 Newshound Guru Enorrste It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that "reasonable period" isn't that long!
3-10-2017 Newshound Guru Kaperoni Article: "Central: financial sector management electronically end of 2017" ...one of the reasons the dinar will rise gradually is that the CBI can profit as it rises. The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
3-10-2017 Intel Guru Bruce let’s talk about where...believe where we are right now, and why it is conceivable to believe we could be there tonight or by tomorrow [Friday]. Iraq is really under way with their whole program right now. They did receive the loan from the UK a few days ago, and that put them over the top. We are looking for a visit from Prime Minister Abadi. We are basically I believe hours and a day away from getting underway and getting started with what we have been waiting for all this time. We are right there at the very end. I am excited. I think everything is going to be awesome this weekend...
3-10-2017 Newshound Guru MadDScout [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
3-10-2017 Intel/Newshound Guru Mnt Goat I never said I expected the RV for later February. I did however point out to everyone the information given to us from Iraq was pointing us to a possibility of restarting of the “project to delete the zeros” and thus this leads us to the RV in late March. Remember their words not mine! The CBI also stands still with EARLY 2017. They have not told us otherwise. So what timeline does the information in the articles point us to now? Since the fighting with ISIS is in fact taking the extra 3 months, as the US generals predicted it would way back in December of 2016...I would have to say they fully intend to have this mess cleaned up by the end of the 3 months and that puts us at the end of March. This is not my prediction but from what THEY ARE TELLING US. Could it change? Sure and it might but all we know is what they tell us.
3-9-2017 Newshound Guru Kaperoni Article: "The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country" There is no private sector without opening the banking system to the world. Simple as that.
3-9-2017 Newshound Guru Aggiedad77 ...maybe the IMF was requested to stay for this extended time period to help Iraq...after all President Trump has told Abadi we will be there to help you in any way possible...meaning of course not just the military...Iraq needs to do something they have never done before IMO...they are about to revalue their currency...they have to be extremely nervous and don't want to be taken further advantage of...so who do you call...well Big Brother of course, President Trump has all this help lined up...maybe the IMF is holding their hand to help them push that RV button in the proper fashion...the IMF is there checking all the systems and they are a go...will it take a full two weeks...heck no...Abadi leaves on the 19th for DC...will it happen before that...the CBI has this in the bag...they know...the BEST is coming. [post 2 of 2]
3-9-2017 Newshound Guru Aggiedad77 ...we read that the IMF is meeting with Iraq starting yesterday/today...and running for 2 WEEKS...in the past their reviews took one day...maybe two...but why would they need to meet for so long...Maybe the first couple of days are to get the usual paperwork out of the way...so where does that leave Iraq...they seem to be "mopping up" Mosul and some of the outlying areas...that says a lot, we see proof the Iraqi's are willing to chase DAASH across country borders... ...they got IBAN up and going, with WARKA getting up to speed their banks sit nice and pretty now...Abadi turned files on corruption (M) over to the ICC...he has an open invitation for countries and investors to come in...so what is likely taking two weeks of meetings with the IMF. [post 1 of 2....stay tuned]
3-9-2017 Intel/Newshound Guru Mnt Goat "Iraq -- Iraq: Letter of Intent, Memorandum of Economic Financial Policies, and Technical Memorandum of Understanding, June 19, 2016" "Upcoming 3rd Review in June 2017" Quote: "Approval by the Council of Ministers and introduction to Parliament of an amendment of the Investment Law, or issuance of clarifying implementing regulations by the Ministry of Finance, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction." They must eliminate restrictions that hinder taking profits out of Iraq or businesses will not come into Iraq. It is the “exchange restriction” currently in place that is an major obstacle such as in the sanctions mandating the conversion of dinars to dollars to do business with the outside world. This is not free flow of capital. I think this amendment is already passed in parliament according to the news. Quote: "Improve the business environment by eliminating restrictions for current international transactions." wow! I think this is already completed ahead of time according to the articles in the news.
3-9-2017 Newshound/Intel Guru BGG [how is investment?] The investment is doing just fine - glad to be in it. No need for "secret intel" sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both "forecasting" the start of economic and financial reform as soon as ISIS was defeated in Mosul - they were believing this would have happened in Jan - Feb...BUT... their optimism is still real - "first part of 2017" is still accurate - this appears to be a foregone conclusion, ISIS gone - MR started. So - we're good...and appears to be happening as we speak...
3-9-2017 Intel Guru Frank26 IMO...the GOI...is also making some very big moves right now. Ever since January 16th...when Allak said they would lift the value after Daesh...I believe that DEAL was dealt with last Friday...that’s in my opinion. All of this information is now coming out...because they postponed what we are looking at...HUGE MOVEMENTS are taking place...picking up SPEED...this things has legs! The CBI was put in a position...TO FLY! And the speed of what they want to do with their reforms...I believe it will become very evident this month (March). [post 2 of 2]
3-9-2017 Intel Guru Frank26 I told you...and I will not back away from it...once we have Mosul...we have security and stability...and once we have that...the MR will pick up speed... ...we suggest to you that the most important thing to pay attention to was the CBI. We’ve been watching the Central Banks and the UST... The UK just signed some documents...giving 10 Billion Pounds to Iraq --- (ever seen that done before?). IMO...that is evidence of documents signed...and IMO...the UST was involved. This has put Iraq into position for many things. International Bonds...perhaps...to sell pretty soon. IMO... Iraq is in a position NOW to start doing a lot of INTERNATIONAL work. Remember...if Iraq was able to sell bonds..who would buy them...AT A PROGRAM RATE? The answer to NO BODY! Yet...some DEALS were made with specific countries. [post 1 of 2....stay tuned]
3-9-2017 Newshound Guru Enorrste The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
3-9-2017 Newshound Guru Enorrste The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes...that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that...is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. ...this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3....stay tuned]
3-9-2017 Newshound Guru Enorrste Article: "Central: financial sector management electronically end of 2017" There are four phrases in this article that got me excited...The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3....stay tuned]
3-8-2017 Intel/Newshound Guru Mnt Goat Quotes: "Iraq in the forefront of countries that initiated legislation important laws in international standards in this area." "Talks during the meeting dealt with the mechanics of opening accounts in Iraqi banks in US banks for the purpose of facilitating the foreign trade of Iraq, in addition to opening up to the wider world." can you see now how the new banking practices; the implementing of the new anti-money laundering and anti-terrorist funding laws are all going to place Iraq in a very good position to get back their currency, thus continue ahead with the “project to delete the zeros”
3-8-2017 Newshound Guru Adam Montana [adding to the previous question... what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
3-8-2017 Newshound Guru Adam Montana [When they revalue it, no matter what number it goes to...Let's say it's .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that's true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10...that said, it's impossible to pinpoint which notes they will call in first, or how long they will allow the "old" notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it's reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2....stay tuned]
3-8-2017 Newshound Guru Revbo Here's where the fight is moving into now. Old Mosul. This is the Alamo for IS. They have most of their remaining fighters concentrated there, and the Grand Mosque is located there. When that is captured, it's the final blow for IS. It's only a matter of time, as a US general stated today when he said, "The game is up," earlier today, and if I'm betting, I'd say Iraq controls Old Mosul by Saturday, given the progress they have been making in similar terrain over the last few days. Article quote: "The Iraqi forces have liberated 47 areas, neighborhoods and villages in 16 days..." It's gonna be ugly, but it is inevitable at this point that IS will be exterminated in Iraq in the near future. [To compare map progress, see Guru Revbo's map posts on 2-25-2017 and 2-28-2017 below]
3-8-2017 Intel Guru RayRen98 We are basically waiting. All the important things are done and agreed. We still have to wait, but the wait is almost over. Mosul is in the news again...We’ve seen tweets from high levels welcoming PM Abadi to liberated Mosul. It’s only a matter of time before we get the official news of the liberation. Then national reconciliation should magically appear, with revaluation of the currency...We just don’t know the date, but it has already begun, it’s already in progress and in effect. We’re just waiting for that full public release. ... it’s coming. I think this ride is over.
3-8-2017 Newshound Guru Adam Montana We have no HCL as I type this, but that's subject to change, and hopefully a very soon change. I'm very optimistic on an actual HCL (LAW) coming through possibly even this month... I love the articles that are coming out now...If the recent activity, and the HCL news coming out right now, are not enough to get you feeling at least a tiny bit excited... you may want to check your pulse.
3-8-20-17 Intel/Newshound Guru Mnt Goat Article: "Published: 13:01 May 1, 2013 Kuwait City: Kuwait has received $2.43 billion (Dh8.92 billion) in war reparations from Iraq since the start of the year and is still owed another $11.2 billion, a senior official in the Gulf nation said on Tuesday." ...this article goes back to May 2013, so I believe the payment of any more war reparations to Kuwait is now completed with the recent March 2017 payment of 9 billion. This is such very good news for us….!!! I am excited. One more obstacle cleared for the RV!
3-8-2017 Intel Guru Bruce I am really at a lost where we are now and why it has not gone. The only thing I can think is it may have to do with the announcement of the liberation of Mosul. I know Mosul is basically pretty clear right now. It is liberated. ISIS has been dealt with. ...when the President made the announcement of with the new travel ban...Iraq was not on it. Iraq was lifted off the travel ban... Sunday the Iraqi dinar rate of $3.64 as an in country rate was published in the Gazette...Our understanding was that sometime yesterday or today we would have a rate published and seen on the CBI website... Iraq is on their way.
3-8-2017 Newshound Guru Kaperoni Article: "Central: the auction of the currency, "a transitional entity" and the need for him is still ongoing " The good part about this article is that they refer to the auctions as a "transitional entity" which to me only means that they plan to float the dinar and make it internationally convertible and traded. Only such a move would give the CBI an alternative source of revenue via commissions.
3-8-2017 Newshound Guru loop "REACT controls on the main court of the organization and the Central Bank branch in Mosul" THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
3-7-2017 Newshound Guru BGG Article: "Warnings of severe deterioration of the dinar after the appetite for dollar" This is an OP ED piece...Opinion of writer only...no guarantee of veracity... the big take-away for me was - the author points out a few things that are HISTORICALLY accurate - then says - IN ESSENCE, you can fix it all with currency reform. Quote: "...in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that's what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems..." "...CAN - SOLVE - A - LOT - OF - PROBLEMS..." BOOM!
3-7-2017 Newshound Guru Kaperoni I know many do get it..but some still cannot grasp and think the dinar must RV prior to investors coming to Iraq...when the reality is...it is a tool of the CBI to counter the inflationary pressure creating by the very investment we expect to see...."to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”.
3-7-2017 Newshound Guru tlm724 Article: "Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country's foreign investment" Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
3-7-2017 Newshound Guru Shredd Article: "Central Bank: the financial crisis behind us and the next few days are promising" Quote: "Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh." This is a great reminder of the wealth Iraq has and the interest from foreign investment. "Iraq will become a country of foreign investment" -- that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. ...this is not an "If" but a "When" regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq. The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
3-7-2017 Intel Guru Frank26 Last week...they made a FINAL decision on their economic reform and monetary reform...and I believe the strike in Syria had a big impact with that. We are AT THE END of this postponement of this! The IQD is about to become an INTERNATIONAL CURRENCY... You saw the market rate...down to 2%...that’s in compliance...! They are to improve their exchange rate...and remove the usage of foreign currency...THIS IS A SOLID EXAMPLE of what is happening. Their need for a policy to RV is NOT a theory...it is a plan...which they are doing right in front of your eyes. All the financial articles from the CBI are coming to life NOW! [post 2 of 2]
3-7-2017 Intel Guru Frank26 I’ve told you before...a flag in the heart of Mosul, planted by Abadi...then you will see the monetary reform. Iraq continues to advance into Mosul...and...a bonus...“Raqqa – which is in Syria”. Iraq can offer a VALUE of security and stability. This value is represented by that INTERNATIONAL strike within Syria. Today...the WORTH of Iraq is more realistic...that’s what the world is watching/wanting. The strike on Syria was BIG news! In January 2017...we had an announcement from the CBI...where they claimed that once the battle in Mosul was complete...they would advance in their monetary reform...but then he went on the say that it was being postponed. [post 1 of 2....stay tuned]
3-7-2017 Newshound Guru Islandg1211 Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn't going to let it be delayed. He's put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don't see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.) [reference Guru Islandg1211 1-26-2017]
3-7-2017 Newshound Guru Kaperoni Article: "Central: financial sector management electronically end of 2017" Currency reform should start well before end of year IMO. [reference Guru Kaperoni post 3-5-2017]
3-7-2017 Intel/Newshound Guru Mnt Goat Article quotes: "...Iraq received 18 billion dollars from the International Monetary Fund (IMF) on installments...9 billions of this figure was paid to Kuwait for 1990 war compensations. ...she added that Iraq signed an agreement with the IMF to reform the financial system in the country. Iraq will receive this amount on three future installments." ...Iraq still owed just about 9 billion in war reparations... I believe this concludes the payments “in full” to Kuwait for war reparations. This is huge news! I believe it brings us that much closer to getting out of sanctions for Iraq...much closer to the RV. They will need this to conclude the CURRENCY REFORM process.
3-6-2017 Intel/Newshound Guru Backdoc I BELIEVE THERE WILL BE A FEW COUNTRIES THAT WILL GO AT OR VERY CLOSE TO THE SAME TIME AS EACH OTHER. THIS IS ONE OF THEM! ...I ASSURE YOU THE IMF IS NOT GOING TO LET DOUBLE DIPPING OCCUR SINCE IT COULD DAMAGE ANOTHER COUNTRY'S CURRENCY! THERE WOULD BE DAMAGE DONE, THEREFORE THE COUNTRIES THAT HAVE A MAJOR MOVE TO THE UPSIDE WILL LIKELY GO TOGETHER TO PREVENT DAMAGE TO A COUNTRY'S CURRENCY VALUE. [post 2 of 2]
3-6-2017 Intel/Newshound Guru Backdoc IT'S BEEN AWHILE SINCE I'VE COMMENTED ON THE VND. VIETNAM HAS QUIETLY BEEN REDUCING ITS' NOTE COUNT THROUGH GOVERNMENT TO GOVERNMENT TRANSACTIONS WHILE AT THE SAME TIME BRINGING IN LOTS OF ITS PAPER NOTES. RECENTLY WE SAW A GOVERNMENT OFFER FOR THE PUBLIC TO BRING THEIR CASH IN EXCHANGE FOR TAX REBATES OR EXEMPTIONS FOR THE YEAR. THEY BROUGHT IN BILLIONS! THEIR ECONOMY HAS BEEN THE FASTEST GROWING GDP OVER THE LAST TWO YEARS! WITH CURRENCY SANCTIONS BEING LIFTED WITHIN DAYS, THE PRECEDING ACTIONS MEAN THINGS! [post 1 of 2....stay tuned]
3-6-2017 Newshound Guru MadDScout Article quote: "The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100." "marked decline by five thousand dinars to the category of $ 100." ...what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance...18 from imf and 12 from Great Britian.
3-6-2017 Intel/Newshound Guru Mnt Goat I stated the need for the Iranian influence being neutralized in Iraq (including the ring leader Maliki and his goons) and this being a priority prior to any RV. This is all coming about now as we are witnessing events taking place in Iraq and moving closer to the currency reform.
3-6-2017 Intel Guru ScottiG A recent text I received from a fellow minister and friend indicated an across the board change in the value of the dollar in Iraq. One source in Kuwait and one in England had mentioned recent activity in the banking industry related to a change of value to the Dinar and I must believe the information was quite positive. One other source had stated emphatically that as of the end of last year, that it is done. Now I know this source is truly connected and so I questioned just how could it be completely done and yet we do not see the manifestation of the change in value? If we look at this under the perspective that often in America, something has been approved or voted into law and we may not see it implemented for months. Looking at the information in this light gives it a whole new light of possibility. [post 2 of 2]
3-6-2017 Intel Guru ScottiG [Long time no see...glad to have you back] ...It seems like forever since last I shared anything with my Dinar Family...part of my distancing was due to the state of affairs in Iraq. I have kept in the loop of information coming out of Iraq and DC and my best description of the state of affairs was that we would have to see whole scale change in many arenas. Now I can state that we have and are seeing those changes unfold before our eyes. Regardless of your political preference, the change that transpired in Washington January is the best thing that could happen for us to see the launch of a new exchange rate for the IQD. A... dear friend of long standing...‘The Banker’...whose specialty is foreign currency, stated that until ISIS was removed from Iraq, we would not see the RV. I noticed in a recent post from...[Guru] Randy Koonce that he as well has commented to this stability factor. He remains a steady beacon in the night. [post 1 of 2....stay tuned]
3-6-2017 Newshound Guru revbo Article: "Iraq forces advance into Mosul city" ...the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
3-6-2017 Newshound Guru mike Article: "Central: financial sector management electronically end of 2017" Quote: "A new phase began espoused by Iraq of developing the financial sector is the adoption of a sophisticated system changes the shape of financial transactions and the entry of active cooperation with the world's largest companies," ...at some point action is required over rhetoric, for those of us who've been following these guys long enough we know talk is cheap in Iraq. Shabibi illustrated long ago that the GOI have to be willing dance partners for the open market to work and grow, without the legislative foundation the best efforts of the CBI are for naught.
3-6-2017 Newshound Guru loop [reference Guru loop post 3-4-2017] to follow this comment up - the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger... looking more and more like a trend. Monetary policy (in the real world) is tightening up...and I point this out because...the culmination of what we are wanting to see is being forecast by numerous other, smaller moves - this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
3-6-2017 Newshound/Intel Guru BGG Article: "Central bank: Iraq overcome the financial crisis and the coming days bode well" Quote: "...Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities..." None of this can happen...without a serious shift in economic and currency policy. Just can't happen. They are back to "forecasting" as they were in late 2016...this time - the timeline isn't months or a part of the year...but it's "days" in their own words...NOT weeks, months or years.
3-5-2017 Newshound Guru Aggiedad77 Article: "Central: financial sector management electronically end of 2017" Here are a few things I've noticed with all the good news from today...so much talk about system changes that is a huge plus I am thinking...this article and at least one or two others have made mention of dealing with some very large companies and banks...in fact "some of the world's largest companies"...and "the largest banking technology companies in the world"...That all tells me that not [only] is Iraq serious about what is coming but also and this is UUUUGGGGEEEEE IMO...these companies on this grand of a scale are also seeing Iraq as a serious and probably very competitive entity at this time or they would not be looking in this direction...Large companies don't tend to waste their time on losing propositions...they are SUCCESSFUL...for a reason...they pick WINNERS...and IMHO Iraq is a WINNER who is about to step onto the top box to receive GOLD...in a number of ways I tend to believe.
3-5-2017 Newshound Guru Kaperoni Article: "Central: financial sector management electronically end of 2017" Quote: "...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector..." This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
3-5-2017 Newshound Guru Aggiedad77 Article: "Iraq receives $ 18 billion from IMF" I find this highly interesting...especially the part about payment to Kuwait for war compensations...they owe Iraq [Kuwait??] $4.5 billion that had been deferred until this year...now they are paying them 9 billion of this 18 billion from the IMF that is just odd to me, unless that is perhaps an agreed upon "extra" amount for loss of properties or bodies not recovered...who knows...and the IMF stipulates they need to reform their financial system...that sounds much like the Monetary Reform to me...so be it...get with the program Iraq...make it so.
3-5-2017 Newshound Guru Revbo Article: "Central Bank: the financial crisis behind us and the next few days are promising" Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody's coming in if they can't get their money out.
3-5-2017 Newshound Guru Phillyman Articles: "Iraqi command says a few meters close from Mosul government complex" "Iraqi forces control most of 2 western Mosul districts, pound Tal Afar" "Iraqi forces launch fresh push in western Mosul battle" "Iraqi forces near government buildings in Mosul as fight against ISIS continues" Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: "He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
3-5-2017 Newshound Guru Adam Montana I mentioned in my weekly...update that I'm getting a bit giddy right now. There's a good reason for it! We are at a tipping point, and this is going to either make us some money, or we're going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say "we enjoyed the ride", right?! Based on what I'm hearing from my people, I am leaning toward the bright side of it.
3-5-2017 Intel Guru ADMINBILL I AM ANTICIPATING AN ACTIVE WEEK. HANG IN THERE.
3-5-2017 Intel/Newshound Guru Mnt Goat Article quote: "Confirms al-Tamimi: that the rise in the inflation index, even though it was slightly It affects low-income citizens, because Mdjulath not enough to buy the same goods or services that were bought before, and therefore the purchasing power decline, which means more poverty and rising poverty rates." ...by a significant change in the value of the dinar this will raise the purchasing power of the dinar and slowly force out the lower denominations on the streets as the necessity for them will be realized greater and greater as time goes on. The movement out of the “closed economy” will then become a necessity and the use of the IQD dinar globally will be in high demand, thus driving the rate yet even more upwards...
3-4-2017 Newshound Guru loop Quote: Article quote: "The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100." marked decline by five thousand dinars to the category of $ 100. That is all it is saying. Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI's statement made on Wednesday. [so what does that mean...?] It means that the CBI has put a system into place that allows them...control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
3-4-2017 Intel/Newshound Guru Mnt Goat ...March is still within range of “Early 2017” and we have been told by the CBI that the project to delete the zeros will resume in EARLY 2017. It is a fact that part of this project is connected with bringing in a new rate to the Iraqi dinar. This is the tie in to the project. [post 3 of 3]
3-4-2017 Intel/Newshound Guru Mnt Goat ...there is an urgent necessity for Iraq to get off the program rate if Iraq is to see any real potential for economic growth, as they are telling us they plan for... We can also see the need for a steady rate of the dinar and more purchasing power. Having the dinar at a REAL rate and the rate gauged off the GLOBAL currency exchanges helps to ensure this stability of the currency. So does this mean regions must be fully liberated from ISIS? Yes, of course as this is not me alone telling you this. The CBI itself has told us this many times. [post 2 of 3....stay tuned]
3-4-2017 Intel/Newshound Guru Mnt Goat IS THE IRAQI DINAR INTERNATIONAL? Contrary to what many...are telling you the Iraqi dinar is not yet international. Many...believe it is already international simply because some banks are now once again selling and buying dinar... But is this really at the international level? NO! It is not. So the Iraqi dinar is NOT yet trading on the international exchanges at any rate nor will it until there is a reasonable level of SECURITY and STABILITY in the region. They can not and will not be allowed to list the currency on the international exchanges until certain factors apply. [post 1 of 3....stay tuned]
3-4-2017 Intel Guru Dr. Clarke In ADDITION, to this APRIL 1 date for Iraq, we believe, there will also be THIS: APRIL 1st - 10th. Vietnam could substantially raise the value of the Dong... [reference Guru Dr. Clarke post 3-3-2017]
3-4-2017 Newshound Guru Revbo Article: "IS Checkpoints Disappear in Hours in West of Mosul" Quote: "The disappearance of the checkpoints reflects the internal collapse of the extremist group, that started to appear obviously with the start of the battle to liberate western Mosul,”... I wouldn't be surprised to see Trump and Abadi together in Baghdad by the end of the month celebrating the liberation of Iraq. The difference will be, this time it sticks.
3-4-2017 Intel Guru ADMINBILL NO SPECIFICS BUT WE ARE LOOKING VERY GOOD THROUGH THE TUESDAY/WEDNESDAY NEXT WEEK. LOOK FOR MNUCHIN ANNOUNCEMENT NEXT TUESDAY. WE ARE IN THE GROOVE.
3-3-2017 Newshound Guru Aggiedad77 Maybe it's just me...but I'm thinking for a Friday that is an Iraqi holy day, we've seen a fair share of good news today as well as good moves on their part, especially with regard to Mosul and the progress being made there...plans of actions...actions put into play...we are moving forward...I think we've seen further confirmation of their intent post Mosul...post DAASH....in the right direction...the BEST is coming.
3-3-2017 Intel Guru Dr. Clarke HERE’S MORE on “WHY” at least 10 more days are needed...The Laws in Iraq, are being Changed with URGENCY, and many have already, (the necessary ones) which haven’t been publicly announced. (just a guess) The National Reconciliation, is being negotiated a little more, but not quite where they want it - YET...FYI, they already have the HCL figured out BIG TIME...like the last 2 years to seriously play with this thing. (another guess) There are a FEW more questionable politicians being removed & replaced (wink), WITH URGENCY...The Currency Auction must CHANGE. (It’s Current Form. Can happen QUICK. Planned) There are also a few key “MEETINGS” scheduled, ...scheduled, within our timelines, as well... ...THIS is the culmination and the ENDING, to “The PERFECT STORM”. ...WHEN? APRIL 1st. When IRAQ could Officially - Publicly - Substantially, increase the value of the Dinar country-wide, meaning in every province, territory (the Whole of Iraq). 1st week of April, the Dinar could be Exchangeable worldwide, as an Internationally accepted currency OFFICIALLY. This date marks the BEGINNING of the 2nd Quarter. The 1st Quarter is now over, and for all practical purposes, Iraq did what they said they were going to do, by deleting the 3-0’s, in the 1st Quarter 2017, but made it official April 1. We really believe, we’ll see the emergence of a New, substantially increased Dinar Rate, on this date. [post 3 of 3]
3-3-2017 Intel Guru Dr. Clarke We’re Now, going to outline a TIMELINE. This is our View, as it stands today, given ALL THE FACTORS, we have at our disposal, as of right now. FIRST, let us say, that Conditions are such, that there is a LOW Probability, of a new, substantially Higher Dinar Rate, presenting itself publicly, from Iraq country-wide (meaning in the entire country of Iraq), anytime during the next 10 days...and the same goes for Vietnam’s Dong... We said LOW probability over the next 10 days. Not impossible - just LOW...10% Chance. A much much HIGHER Probability, exists AFTER the next 10 days, which is after March 13th. ...90% Chance. Quite a Difference. WHY?: THEY need a little MORE TIME. About 28 Days from Today...and the Probability progressively gets much GREATER, as we approach the end of those 28 days. For What? When ISIS “In the REGION”, is secured to an AGREED UPON SAFE LEVEL, WHICH IS THE 1ST TRIGGER POINT (not just Mosul any longer. This Changed last weekend), FOR OFFICIAL RATES TO CHANGE, then many different AVENUES OF MONEY will be Released, pushed forward, enacted, launched...in a number of Ways, including a substantial currency (Dinar) Rate increase PUBLICLY & OFFICIALLY, particularly within Iraq. [post 2 of 3....stay tuned]
3-3-2017 Intel Guru Dr. Clarke ...we’re on the MOVE! This “Perfect Storm” has an ending in sight. There are SO MANY pieces to this “Perfect Storm” flying together, like Magic, as we speak, and it’s picking up Momentum...you can see it, just from the scanty little bit of military information being shared publicly, on Iraq & Syria...like we always say, there’s much more, and especially now, under the Pres. Trump admin., that’s purposely being “Silenced” on what’s MOST Important, for the Good of All...but what IS being shared, is very very deliberate...and Iraq, now being admitted for travel into the U.S., as “cleared & normal”, apart from the “Original 7 country ban”...should give you a Happy hint...One other small item to mention: The Value of the U.S. Dollar in Iraq, is noticeably dropping southward, as in “DOWN”...and the Value of the Dinar in Iraq, is noticeably pushing Northward...as in “UP”. Nice little “perk”, in the thick of things... [post 1 of 3....stay tuned]
3-3-2017 Intel/Newshound Guru tman23 "Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year." “There will be two elections in September: parliament and presidential,” Barzani said during an interview ...I won’t be a candidate myself." WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY...HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD...THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE...TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED...NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST...i BELIEVE THEY MEET TO ANNOUNCE...AND SIGN...NOT NEGOTIATE!
3-3-2017 Newshound Guru mike Iraq is making great progress and will, in time, remove ISIL from western Mosul, it's invevitable. How long it takes is up in the air, if the US becomes more involved with troops and Apache action, it's definitely going to get done quicker. Abadi better have a plan, and not just for the country but the economy. We still need the banking, investment and open market legislation completed, all this talk about the currency and diversifying means squat unless they have the legal and economic foundations for success. If they unpeg today, I don't see how the dinar will gain value, if it had value now, they wouldn't have the MCP problem we have today. The auctions are the only thing propping up the currency. I'm cautiously optimistic Abadi will pull a rabbit out of a hat and get Parliament in line to pass the legislation and include the Sunni's and Kurd's in the government. If not, it's going to be one crises after another with little to show for it. Your move, Abadi.
3-3-2017 Intel Guru Frank26 Their Central Bank communicates with the IMF...and the CBI in 2015 they sent a memo to the IMF and said look...we thank you for the green light to lift the 000’s from our exchange rate...but we are studying the situation right now...and unfortunately as we know and you know...by law we cannot delete the 000’s...right now in the middle of this year 2015...so we are going to move everything to the early part of 2017. ...the acting governor of the CBI said very clearly in the articles...he said...I am trying my best ok but we cannot raise the value of our currency in the middle of the year...it has to be at the beginning of our fiscal year...the Monetary Reform is the deletion of the 000’s from the exchange rate...we have accomplished what we needed to do in lifting the 000’s from the streets...and we are at the start of 2017...and it is now time implement the Monetary Reform...and I think they are IMO... IOO...we are very close on the RV...there are no delays.
3-3-2017 Intel Guru Bruce ...what we are seeing in terms of Iraq, we have heard today [Thursday] as of 5am EST Iraq is exchanging currency in the Middle East with 4 or 5 countries at a rate of $4.96. It was really approaching $5. We heard a rate of $5.20, but I can confirm $4.96. Iraq is kind of doing their own thing. They started a few days ago on Saturday with a bond offering of a sovereign bond in Iraq $1 trillion offering. Four or five countries of the 23 countries that were offered it took advantage of it right away, which included France, Russia, United States, and others that took advantage of those bonds. What we are hearing of Mosul is positive. It was completely taken back. We are looking for an announcement of that. Things are being done and moving in a right direction. We are really in a good place. I look forward to...the start of a good weekend.
3-3-2017 Intel Guru Frank26 ...we believe Mosul is 100%. Very, very soon... maybe over the weekend...they should tell you that Mosul is liberated. So...we are looking at the CBI...we are looking at their actions / words. In the last few weeks...news from the CBI has been very, very good. IMO...with these conditions of Security & Stability being magnified over the last 48 hours...and the fact that the US Dollar rate is declining...declining to the IQD inside of Iraq...and IMO...they are floating their dinar to land at a certain point...to remove some zeros. The exchange rate...lifting of the 3 zeros is closing in. Iraq can lift the value anytime they want.
3-3-2017 Newshound/Intel Guru BGG Article: "Parliamentary Finance's "approach" to postpone the project to delete the zeros until further notice" Quote: "...Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice." ...that almost has the "smack" of her pointing out that this WAS PLANNED - then POSTPONED until further notice. Which is...accurate...they aren't saying further notice isn't tomorrow, next week or next month either. Why would they be "rehashing" a decision that was put off back in 2012 - right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact...it is a little weird this is coming out now - right near the end of Mosul... or in this "first part of 2017 timeframe" - why now? I think it's obvious.
3-2-2017 Newshound Guru Adam Montana ...I have a couple of rumors that I'm holding onto. I had hoped to have a better confirmation on them before posting this... I do not have what I need in order to release it, so I'm sticking with my
original guesstimate of the rate. When I think about it, I hope I'm wrong and y'all are riding with me to a much higher rate! You don't want to see $3.14 any more than I do! But I'm a realist, and that guides my logic on matters like this...Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
3-2-2017 Intel Guru Frank26 We all know the campaign we have been on for many months...in recent weeks we’ve been screaming ... “Give me Mosul!” We’ve said...“give me Mosul” and you’ll see the speed of the MR. The FINAL ARTICLES have told you they are going to do something with their exchange rate after the battle of Mosul is over. What did Abadi do with his new leadership? He created his own war (within the GOI/CBI) and got rid of those who were stealing money with Maliki. A liberated Mosul = CONFIDENCE! MOSUL = Terrorism gone! At least most of it. The only solution for Iraq’s success is for them to raise the value of their currency. The battle in Mosul...IMO...is very close to ending.
3-2-2017 Newshound/Intel Guru Randy Koonce Everyone needs to be watching events in Mosul. As security improves with the continuing advancement of Iraqi forces, and the liberation of Mosul announced officially by Abadi, that will be when our window is the Best. Iraq is looking for security from ISIS, along with the US advisors that are there. Security and stability really are the keywords. And based on recent news on Mosul, it is getting closer. So, to repeat: We are watching for an official announcement from Abadi that Mosul has been Liberated. Based on the information I have right now, once that happens, it should not be but a matter of days. Everyone with a say in the matter wants this to happen. We are close.. Every large bank will exchange...RELAX the RV is coming... [post 2 of 2]
3-2-2017 Newshound/Intel Guru Randy Koonce I have not sent out an updated report in a while because I have been waiting for another good window to open up. It looks like we may finally have one. If you have been watching reports from other gurus in Dinarland, you know by now that everyone seems to be gathering on the same page, once again. I want you to know that it does appear that conditions are coming together that are favorable for the RV to occur, hopefully for the last time. My various contacts are all telling me the same thing. We are very, very, very close right now. I would encourage you, before accepting any...announcement of a revaluation, to take the time to check at CBI.IQ to confirm that the rate has actually changed. You are looking for something along the lines of .289 in the dollar grid. If it says 1166 - No RV. However, if a decimal number, such as .289 or .256 (examples) appear - then you too have finally won the lottery! At least, that is what you are going to feel like. [You can see the official CBI rate and current market rate in the Dinar Guru Resource Bar on the left of this page] [post 1 of 2....stay tuned]
3-2-2017 Newshound Guru Kaperoni The spread in Iraq is dropping. Good news! 1250.
3-2-2017 Newshound Guru Adam Montana [ If the IQD/USD exchange rate and the IQD purchasing power is in fact not based on the price of oil, or the price of tea in China, then why do you think that we have to wait for a Hydro Carbon Law to be passed before an IQD RV ~ based on feelings ~ can be implemented?] You answered the question yourself, buddy! The HCL is exactly what will give the world confidence - good feelings - about Iraq and their ability to repay their debt.
3-2-2017 Intel/Newshound Guru Holly1 Quote: "Haitham Alaffas The central bank works to support the Iraqi dinar and reliable sources suggest the landing of the dollar to 122 in the next week" [what does 'landing of the dollar to 122 in the next week' mean?] IMO.. THE DOLLAR 122...NEXT WEEK GO DOWN...IN MY WAY OF THINKING...AND I DONT THINK LIKE A IRAQI...I WOULD THINK THAT IS WHAT HE IS SAYING ...IMO. FINGERS CROSSED...
3-2-2017 Intel/Newshound Guru Backdoc [Would IQD be the strongest currency in the world if it weren't pegged to our dollar?] UNFORTUNATELY, VALUE GLOBALLY IS DETERMINED BY THE DOLLAR, THEREFORE YOU CAN'T KNOW WHAT ANYTHING IS WORTH WITH OUT THE REFERENCE TO THE DOLLAR. SINCE WE AREN'T ON THE GOLD STANDARD THE DOLLAR IS THE REFERENCE OF VALUE FOR EVERYTHING. THIS IS WHY WHEN OTHER COUNTRIES WANT TO OFFICIALLY LAUNCH THEIR ASSET-BACKED CURRENCY THERE NEEDS TO BE THE NEW DOLLAR PUBLICLY TO DETERMINE WHAT THEIR VALUE IS. THE GOLD STANDARD WAS GIVEN UP LONG AGO FOR THE DOLLAR. THE DOLLAR DETERMINES VALUE GLOBALLY NOW! IMO.
3-1-2017 Newshound Guru Adam Montana I'm re-releasing my thoughts on the RATE. That will come tomorrow, and HINT! I am sticking to my older number, but there's a chance I'll be able to bump it up and be confident about it. No promises on anything more than my original rate though! [Since there are so many thousand investors (I am one) that are breathlessly waiting for the RV. What benefit is it to Iraq to pay out many millions upon millions of dollars to all of us? How can they possibly have enough U.S. dollars on hand for all those who are waiting for the RV?] Wow... I just spent most of the morning (4AM! I couldn't sleep) writing about this exact thing! Watch for my "RATE" post coming later this week. I cover exactly that.
3-1-2017 Intel Guru RayRen98 ...we have been hearing contradictory information, so I’m trying to confirm stuff because things can change in a minute. My last tidbit was that people were waiting for cards to be funded and activated on the new rate. Citizens are reporting that cards are funded, but at the same old program rate. Then last night, I heard something indicating the exact opposite, so we are trying to confirm which is true: old rate or new rate on the cards. The Iraq Stock Exchange opened today, and there were lots of rumors about what that means, whether a new rate is attached for bond purchases and stock purchases. As far as international status is concerned, there is no doubt the dinar is international... The laws are kicking in for the growth of the country and that is good for us. We are still waiting for the rate change. I like the information, although nothing really definitive to say this is the week. The main news we were focused on is Mosul, and they say that the city has been liberated, and ISIL is on the run. It all sounds good, and it all says to me “just a little bit longer; this ride is coming to an end”.
3-1-2017 Intel/Newshound Guru tman23 Iraq has been operating for years with a parallel rate...which is 2 rates...So much as the IMF told them back early 2016 to get off it... Now we are seeing that unfold as all banks in Iraq are connected to the CBI and in unison with exchange rate... YET we have not seen the CBI update the DATE on their website for indicative rates... Indicative--expressing simple statement of a fact. And with that thought, one can make the assumption that possibly the fact is the rate is no longer what the CBI has published on their site...therefore they have not updated the date...
3-1-2017 Intel/Newshound Guru Backdoc ...IRAQ TOLD US THAT THE UST WAS IN THEIR COUNTRY ON FEB. THE 8 th, AND THEY WERE HOOKING UP THE DIGITAL DINAR TO THE DIGITAL DOLLAR. WE, IN ADDITION, HAVE WORD FROM THE SWIFT THAT THEY ARE NOW READY TO GO WITH 60 COUNTRIES. COMPLETION CAN OCCUR ANY TIME NOW. AND LIKE FRANK [GURU FRANK26] HAS SAID...TIME IS UP. WELL ALMOST AT LEAST. I THINK WE ALL WANT TO SEE MORE PUBLICLY ON THAT DIGITAL DOLLAR BUT IT MAY BE HIDDEN UNTIL LAUNCH. I THINK THE EVENTS OF MARCH WILL BEGIN TO UNFOLD AND MAYBE JUST MAYBE THE SHIA BROTHERS [IRAQ & IRAN] WILL FINISH THE RACE TOGETHER OR VERY CLOSE TO EACH OTHER. WE WILL SEE. THIS WILL SIMPLY BE AN EVENTFUL MONTH. HANG ON TO YOUR HATS, SEATS, AND TICKETS. IM ALL IN...IMO.
3-1-2017 Newshound Guru mike Article quote: "US President Donald Trump displayed after assuming the presidency of the United States, a project he called "the reconstruction of Iraq for oil" to the US House of Representatives." ...her comments alone add validity to the plan, if it wasn't real, she wouldn't squeal. Pass the laws, keep making progress on the MCP and get the dinar in Article VIII so they can finally begin the process of adding value.
3-1-2017 Intel Guru Bruce They have a new rate which is on their Qi cards/debit cards. Yesterday they started to pay not only the back pay at new rates, but also started paying a lot of other people in situations in Iraq upward of $4.25 and maybe somewhere close to $5. That would be a great international rate of the Iraqi dinar. Also we have heard that the testing that was done yesterday on the Iraqi stock exchange ISX. No problems, smooth sailing. We understand as result of the positive testing, that Iraq is to open their stock exchange, ISX, Wednesday morning at 9am Baghdad time. We understand that could be significant as far the timing of what it is we are looking for. Iraq has the rate. We are looking for the rate change to occur on the CBI web site pretty soon. [post 2 of 2]
3-1-2017 Intel Guru Bruce Mosul...has been liberated...they have had major success in that. Saturday Iraq began to offer brand new Iraqi sovereign bonds...for sale. ...notice it was a sovereign bond offering. That means Iraq has their sovereignty back. It was offered internationally so they have an international known rate available for their Iraqi dinar and it is priced into their bond offering. That is big news...most significant news to prove Iraq was back doing business internationally. What has been happening in Iraq? We know...the Reconciliation Act was to pass Sunday or Monday. This was something that had to be signed off by the IMF, UN, the United States government...That has been handled. That doesn’t totally affect us on the timing of the RV, but a good thing to know. Also that occurred on Sunday was the Amnesty law...It has finally passed as well. [post 1 of 2....stay tuned]
3-1-2017 Newshound Guru Kaperoni Article: "Consultant Abadi: Cancel the foreign exchange control department of the Central Bank of the need for the new system" Quotes: "...a "need" a new political system based on a market economy..." "...in the democratic systems that rely policy of market economy, it gives freedom of movement of money..." I believe Saleh is calling for the transition to a market economy. This would then end the daily auctions as the CBI would move to IMF Article VIII, get off the peg and float the dinar.
2-28-2017 Intel Guru Frank26 I just gave you 10 reasons WHY Iraq is international...not counting eDinars. Here is #11: #11 – INTERNATIONAL AIR STRIKE on SYRIA...Iraq did an air raid across their borders...and we allowed it! Baghdadi is running...where? There is only one place...Syria. Iraq wanted to bomb Baghdadi in Syria. THIS IS PERSONAL for IRAQ! To strike Baghdadi outside of their borders is HUGE! ...11 items of why Iraq is going to be international. IMO...soon their currency will grow-up to become international. The military side is just not ready to tell you that they are done yet. IMO...they are close because Abadi is telling the international world to come in... [post 2 of 2]
2-28-2017 Intel Guru Frank26 10 things that prove Iraq is stepping on INTERNATIONAL ground:
#1 – IBAN...every bank has IBAN numbers – allows them to transfer money in/out
#2 – SWIFT CODES...these numbers...part of the international world
#3 – MASTERCARD...(and Visa)...they are all over the place in Iraq
#4 – CHAPTER VII...IMO...is 90% gone. The other 10% is the RV of their currency.
#5 – NO PROGRAM RATE on CBI SPREADSHEET...for about 2 months now
#6 – AUCTIONS are CONTROLLING MCP’s …
#7 – IRAQI STOCK EXCHANGE...keeps proclaiming they are going international
#8 – WTO ASKED THEM TO JOIN...spells international
#9 – WAKRA...is finally catching up...(website finally updating)
#10 – BONDS...international bonds...two of them [post 1 of 2....stay tuned]
2-28-2017 Newshound Guru Revbo It took ISF four days to get from the airport to the bridge, so progress has definitely slowed since they moved in to the city from the desert, but ISF is still advancing and every piece of real estate they pick up makes it harder for IS to defend West Mosul. I'm gonna revise my prediction for the liberation of Mosul to March 21 from March 31. [See below for previous Thomas van Linge maps on 2-25-2017]
2-28-2017 Intel Guru Frank26 Another important thing...Dr. Shabibi came out and condemned Maliki...and you will start to see EVEN MORE! That will help with the monetary reform...help with the lava-flow. Watch for more on Dr. Shabibi and Maliki. In the end, Dr. Shabibi will make a speech to you. Security is coming in many ways. We (USA) are planting a presence sooo deep! We told you...some articles would come out...about the new Iraqi dinar being used in-country...and they are coming. [post 2 of 2]
2-28-2017 Intel Guru Frank26 ...THIS FRIDAY...I believe that could be a good time-frame for the liberation of Mosul. Once we have Mosul...does that mean we have the RV? No...this is a lava-flow process. What does Mosul give you? SECURITY and STABILITY...IMO...Mosul is about to be announced to the world. Iraq needs international investors...and I believe that is the big campaign now by Abadi. Come in and invest in our country! This airport...once it was captured...IMO...it opened the door...did you know that we are building 7 bases in Iraq? WE AIN’T GOING ANYWHERE...and the INTERNATIONAL WORLD KNOWS IT! [post 1 of 2....stay tuned]
2-27-2017 Newshound Guru BGG [I just heard on Fox news that somebody felt it might take a year to get ice is out of Mozel.] They are HAMMERING AWAY at these guys RIGHT NOW. This won’t take a year...It won’t take a month…in fact, over the last several days, in spite of HEAVY FIGHTING, there are maps showing the Iraqi regulars holding nearly 20% of the last half of Mosul. Iraq is hitting ISIS in Syria – CUTTING OFF ROUTES of escape. This is a “TURKEY SHOOT” about to happen.
2-27-2017 Newshound Guru Kaperoni Article: "Commercial layer "parasitic" I run the Americans in Iraq and the balance of the bank continues to decline" Quote: "...the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically." IMO, they wouldn't be talking about it, if it was not the plan. Soon we can hope the float will start.
2-27-2017 Intel Guru RayRen98 On Iraqi television this morning, they were told the stock exchange is going international in March, with no delays. That is the good Iraq news, for those who believe nothing will happen until things happen in Iraq. Mosul is pretty much in the bag; how important that will be will become clear. I’m still at ‘any minute, any hour’, and I know there was a desire to get this done by the end of the month...we are close...slowly but surely, it’s coming. This RV is like running water, and it’s difficult to stop running water once it’s started flowing. So we wait to see what happens next... [post 2 of 2]
2-27-2017 Intel Guru RayRen98 The fight has moved over to Syria, with Abadi ordering air force attacks. Mosul seems to be no longer an issue, unless they are doing both at the same time. Also, Iraq is saying Mosul is ‘steps away from complete freedom’. Supposedly a new plan to defeat ISIL is to be revealed today. Western Mosul has been reclaimed, with government buildings, etc. That says something to us – large groups of ISIL are surrendering. Also Iraq offered its first international bond to the markets. Farmers are supposed to receive their back pay today, and also fingerprinting for international Visa cards. We are told this is to be at the new rate. With the new cards, the currency is certainly international. [post 1 of 2....stay tuned]
2-27-2017 Newshound Guru tlm724 Article: "The Ministry of Commerce held a conference last week that "trade policy and economic reform" with broad participation and the presence of specialists in the economy." [What is your take on this... Quote: "...the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically."] I think when it says "the government can not afford to float the currency politically" they are right. Politically here is no Minister of Finance and the CBI governor is a Bozo, that is some serious instability if you ask me. We all know the dinar is grossly undervalued and the reserves are down because Iraq is just now graduating from the Economic's 101 class. They are making great progress with the electronic system which is very encouraging. Without that piece of the puzzle we would have little hope! They need liquidity badly and the only way they are going to get peoples money is to make those deposit's insured. That is what I am looking for next!
2-27-2017 Newshound Guru loop LOVE THE DUE DILIGENCE THAT THE BANKS AND GOI ARE DOING! IT SHOWS A REAL COMMITMENT, ON THEIR PART, TO STOP THE CORRUPTION ONCE AND FOR ALL. THEY STILL HAVE MUCH WORK TO DO ON THIS FRONT. ONE THING HAS BECOME VERY APPARENT TO ANYONE READING THE NEWS...THEY ARE DONE ALLOWING THEIR WEALTH TO BE STOLEN BY CROOKS. THIS BODES VERY WELL FOR THE IRAQI CITIZENS AND US! THIS IS EXACTLY WHAT THE IMF NEEDS TO SEE THEM DOING!
2-27-2017 Newshound Guru Kaperoni Article: "Central Bank Governor: We support researchers and experts" Quote: "...the strength of the role of the banking sector is largely based on the strength of the economy and the stability and diversity, and its role in supporting and stimulating the private sector as the fundamental basis for the economy and growth." No secrets or shortcuts. Though not what most want to hear, it is what we want to hear. Simply because as the economy grows so will the dinar...Balassa-Samuelson effect.
2-27-2017 Intel Guru Dr. Clarke We will tell you, that the focus has changed from just Iraq's Safety & Security, clearing, liberation - to, and including a "REGIONAL" focus of Safety & Security, which is now centered also in Syria and others... We mentioned this possibility about the status of Syria & Iraq being equally important and related...and we talked about a "Trigger" recently too...we're going to have to see where this goes, over the next few days...there is a strategy, that's of course hidden, and it definitely involves, the economics & currency movements of Iraq and others. Don't put much stock in this "Bond" thing, introduced this weekend...fyi... "Standby" in Positive Expectation, and watch "The STORM" for now. It's Beautiful. What is REAL, is that we've put ALL DATES & TIMELINES OFF THE TABLE NOW. IT'S A BRAND NEW BALL GAME, FRIENDS. There's a LOT MORE TO COME, before Anything meaningful moves & is clear...ALL in our Opinion... [post 2 of 2]
2-27-2017 Intel Guru Dr. Clarke This is Truly, "The PERFECT STORM", and we're right square in the middle of it. We were hoping for more to share today, that was significantly meaningful & Clear, but it just hasn't been the case. So, we're currently in "STANDBY" mode, and hope that by this coming Thursday, March 2nd, things will clear up, and become more solidly known. We're not saying things are happening "Sooner" and we're not saying things are happening "Later"...we really don't know at this point, BECAUSE THINGS HAVE CHANGED SO MUCH OVER THE PAST 2 DAYS...and if we did, we'd relay those things along to you. It's truly a very massive and widespread storm...with Heightened ILLUSION...but one thing's for sure...it's POSITIVELY MOVING FORWARD. ALL of Life is about TIMING. [post 1 of 2....stay tuned]
2-27-2017 Newshound/Intel Guru BGG "Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched" Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched! Holy $*%&! Did I just read that right? There is a reason they are talking about this right now...it would appear this is on the verge of happening.
2-26-2017 Newshound Guru loop Article: "Rasheed develop a plan to open branches in the liberated areas Banks" What caught my attention in this article was that they are in starting to talk about opening and rolling out modern & advanced services in the liberated areas. This says one thing to me. They feel the there is enough SABILITY and SECURITY in the liberated areas to move forward with normalized banking operations. Which means that they must feel that there is little or no threat that the banks funds will fall into the hands to Daesh.
2-26-2017 Intel/Newshound Guru Backdoc Article: "Rafidain Bank directs its branches update data before retiring salaries" SEEMS LOGICAL TO VALIDATE THE RETIREES ESPECIALLY WHEN YOU'RE ESPECIALLY CLOSE TO MAKING DISBURSEMENTS ON A LARGE SCALE.
2-26-2017 Newshound Guru loop Article: "Iraq complains Ministry of Finance's lack of cooperation with the retirement body: disgruntled pensioners of procedures" Quote: "Rafidain Bank was forced to exchange for several months, in spite of the suffering experienced by the bank, due to the lack of liquidity..." due to the lack of liquidity...I KNOW WHAT WOULD FIX THE ISSUE...INCREASING THE PURCHASE POWER OF THE DINAR!
2-26-2017 Newshound Guru Revbo Article: "Abadi Votal discuss the battle of Mosul and international support for Iraq" ...foreign jihadis leaving for Syria, allegedly on Baghdadi's orders. This operation is almost over, folks. IS is being demoted back to the JV team.
2-26-2017 Newshound Guru mike Article: "Abadi Votal discuss the battle of Mosul and international support for Iraq" To say I'm surprised is an understatement, they've been fighting these guys for years. Let's hope they keep up the momentum and free the entire city...
2-26-2017 Intel/Newshound Guru Backdoc Article: "Iran's Parliament Approves Bond Issue for Oil Projects" THIS SEEMS CONSISTENT WITH OTHER ARTICLES THAT IRAN WILL HAVE A NEW RATE AND WILL BE A SINGLE PAYMENT SYSTEM WHICH IS DIGITAL AFTER MARCH 20th. SELLING BONDS AFTER THAT NEW FISCAL YEAR FOR THEM MAKES SENSE. WHAT I LIKE EVEN BETTER IS THAT A DIGITAL DOLLAR AND MOST LIKELY DINAR THAT HELPS BACK THAT NEW DOLLAR WILL ARRIVE PRIOR. REMEMBER THE DOLLAR IS THE GLOBAL REFERENCE OF VALUE THEREFORE IT MUST SHOW FIRST OR AT THE SAME TIME AS OUR BELOVED DINAR!
2-26-2017 Newshound Guru loop The Iraqi's are continuing to show us daily that they are very serious about reforming every level of their government to provide a better future for their people. Corruption is being dealt with as they find it. There is still much work to be done on this front. But the speed at which they are confronting it is spectacular.. IMO. The battle to free the Right coast is progressing very nicely. The on going media blitz on Maliki is very telling. His time is coming to and end. His is about to reap the what he has sown. IMO. Munich was a definite catalyst for the recent move on him. IMO...It's shows how close we are getting to realize the the fruits of our labor... The continued dialogue in the media about national reconciliation shows how serious they are about it. It's not over until the fat Iraqi woman sings, but I have a feeling that she is about to belt out one heck of a tune!
2-25-2017 Intel Guru Delta [Dont know if relevant? "DEAL-Iraq's First International, Sovereign Bond"] NOT ONLY RELEVANT...BUT VERY HUGE! IRAQ HAS ISSUED ITS FIRST EVER INTERNATIONAL SOVEREIGN BOND. IT WAS ISSUED ON 02/24/17. [There were contingency for this ... They decided.] YES...THAT'S WHY IT'S HUGE...WARKA TOTAL BLOCKED TODAY.
2-25-2017 Intel Guru Dr. Clarke Lots of things are Changing rapidly, and "BIGLY", friends. As or right now, ALL OF OUR TIMELINES, previously stated, are no longer applicable. We will update you sometime tomorrow, after everything comes together... As for right now, we DO NOT see anything significantly happening with rates, tonight or tomorrow...We'll get you more detail, sometime tomorrow. There's been major HIDDEN information surface...Hint: Now, Iraq sending airstrikes to Syria to secure the border?...IOO.
2-25-2017 Intel Guru RayRen98 It has reported that the military base in Western Mosul has been re-claimed today by Iraqi troops. The government buildings being the next victory, are in short distance. Large groups of Isis are surrendering. Iraq has issued its' first internationally sold sovereign bond in the international capital markets!
2-25-2017 Intel/Newshound Guru Backdoc THE END TO THE YELLOW BRICK ROAD IS NOW IN SIGHT. OUR LONG AND DIFFICULT JOURNEY IS COMING TO ITS END. RECENTLY, WE SAW IRAQ ADMIT A VERY LARGE DISCOVERY OF BLACK GOLD IN SOUTHERN IRAQ. IRAN DID THE SAME THING JUST A COUPLE OF WEEKS AGO. BY ADDING THESE NEW ASSETS TO THEIR CREDIT WITH THE IMF, THEY WILL LIKELY BE ABLE TO SUSTAIN A MUCH HIGHER CURRENCY VALUE THAN PREVIOUSLY THOUGHT. IN THE CASE OF IRAQ, I BELIEVE THE TRUMP ADMINISTRATION WOULD LIKE A HIGHER CURRENCY VALUE FOR IRAQ SO THAT THE U.S. CAN ACHIEVE A BALANCED BUDGET. VALUE IS ABOUT TO CHANGE, AND YOU MY FRIENDS, WERE ABLE TO BE A PART OF HISTORY. ISN’T IT NICE TO BE ON THE RIGHT SIDE OF THE VALUE EQUATION? WE ARE ALMOST TO THE EMERALD CITY NOW AND IT’S TIME TO SEE OZ. WE WILL PULL BACK THE CURTAIN IN MARCH.
2-25-2017 Newshound Guru Revbo Seems to be going significantly better than expected so far. This guy [Thomas van Linge] has a map [see below] that he updates regularly as things change, and the ISF-controlled areas of West Mosul have been rapidly creeping north. They got the airport and the base next to it yesterday, and they are already making serious inroads in the city. From the estimates I heard a week ago, this kind of progress wasn't expected for well over a month. ...not bad, huh? Last week, everyone was predicting this operation would take six months. [see maps below]
Mosul 2-20-2017
Mosul Progress 2-24-2017
2-24-2017 Newshound Guru Aggiedad77 Article: "Twilight News / agency Standard & Poor 's credit rating . The classification of Iraq was confirmed at "B- / B" with a stable outlook." Well we can see the negative side to this...the "B-"...or we can instead focus on what we see as a positive...that their fiscal discipline has improved and it is believed will remain stable for the next few years...or at least for a few days...until God explodes a blessing all across Iraq...oh how quickly things can change...so very quickly indeed...IMO.
2-24-2017 Newshound Guru Enorrste Article: "Parliamentary Finance: Iraq's debt rising to more than 126 trillion dinars" Quote: "The Committee suggested that the Government, if the price per barrel rose to above $ 45, to go surplus funds to the central bank to increase the cash reserve, or the repayment of foreign debt." I found the ...article...referenced just above to be interesting. It says that at $45 per barrel Iraq would be in a surplus position. According to NASDAQ the current price of oil is $54 per barrel. This means that Iraq has apparently cured their budget deficit problems, at least according to the IMF. It is also for this reason that the IMF can postulate that reserves in Iraq will rise significantly over the next 2 or 3 years to $91 billion. Having said that, I feel that the IMF in making these statements is quite confident that things are moving in the right direction for them to initiate the float this year.
2-24-2017 Newshound Guru Kaperoni Article: "Abadi Votal discuss the battle of Mosul and international support for Iraq" I don't expect the CBI to "flip" a switch the day after liberalization of Mosul. It will take some time to stabilize the area and begin the clean up, return citizens to their homes etc. So we could be waiting a few months after before the CBI decides to begin currency reform. Especially with the spread still not close to 2%.
2-24-2017 Newshound Guru Aggiedad77 Article: "After Mosul: Certainties and Uncertainties" ...the US position in Iraq post DAASH is becoming clearer by the day IMO...Keep the peace between the various political factions...build those bases and staff them to further kick some DAASH butt in nearby Syria...and don't lose sight of that GIGANTIC pool of oil...we may not own it...but we want first dibs to it...Plus have Iraq stepping out on the world stage for the first time....being the ones who get to introduce her to the world...oh buddy...good times are coming...because....the BEST is coming...I'm looking to Sunday maybe into Monday to be quite interesting.
2-24-2017 Intel Guru Bruce My understanding is that President Trump is actually doing everything in his power which is substantial as we know to move this thing through and get it done now. We heard 3 days ago now actually that the banks in Mosul were up and running. I believe the Mosul airport is up and running now. I don’t know how much work the city needs in terms of infrastructure. I believe it needs a whole lot. At least in the day to day operations from what I understand are back in place. There have been a few little announcements in main stream news here about the restoration of Mosul being taken back which is very positive. I just got a call...that approximately at 9pm EST [Thursday]...that Iraq began their monetary reform on their CBI website. So what they are doing now in trying to update and possibly put out new rates I hope essentially is the trigger for...the RV for the dinar... Looks like Iraq has begun their process of economic monetary reform through their CBI website. I am excited...I think that is a good sign. ...we are in really good shape for this to roll out...
2-24-2017 Newshound Guru Kaperoni Article: "Iraq joined the Convention on the transparency of the arbitration between investors and states" Quote: "This agreement is an important message and clear to the world that Iraq is a major hub in the Middle East for investment and reconstruction and construction," noting that "this agreement adopted by the United Nations to save the rights transparently in the event of a conflict between investors and states." Dispute resolution is critical. A good sign.
2-24-2017 Newshound Guru loop Article: "Parliamentary oil suggest the presence of 300 billion barrels of undiscovered" Quote: "...said the oil profanity by Mehdi al-Hafez, Tuesday, that there is a plan of action will begin to explore more than 300 billion barrels of oil, Iraq added to the reserve." If Hafiz is correct Iraq will have the largest reserves in the world. What we do know for sure is that they just add 10 billion to their reserves last week. Iraq is currently 5th in the world as far as oil reserves go. Much of their country has yet to be explored for oil. I would be surprised if they do not find much more.
2-24-2017 Newshound Guru Kaperoni Keep in mind, there are several things that could effect the reserves. Oil prices could skyrocket to $100 +, they could officially get out of UN Chapter 7 and get some funds that are being held released, etc. But it seems like the IMF has a plan with the CBI. We all have seen the efforts the last 12 months or so to improve the banking system. So despite these possibilities, I believe the reason is more in line with improving Iraq's economy, putting people to work, rebuilding post ISIL and opening the banking system to the world for investment...at least we can hope anyway. [post 2 of 2]
2-24-2017 Newshound Guru Kaperoni Article: "IMF confirms the stability of Iraq's reserves of hard currency" Quote: "the IMF said in his study, that Iraq reserves will arrive in 2018 to $ 62 billion , and then rise to $ 91 billion in 2020 due to improved conditions of the Iraqi economy and oil exports and its derivatives and the sufficiency of electricity imported to some provinces and gas export and promotion of tourism, industry and all economic resources bode well" I think the important thing here is that something pretty substantial must occur this year for this forecast to be true. As we all should know by now, Iraqi oil is not enough at the current prices to increase reserves because they spend more than they make. So I expect them to transition to a market economy this year in order to improve the reserves by $50 billion over the next two years or so. [post 1 of 2....stay tuned]
2-24-2017 Intel Guru Frank26 The IMF doesn’t want them to float...but IMO...I think they are going to float. There is a compression of a lot of DEAL going on as the fat lady gets out of the way to show the liberation of Mosul. Once you have Mosul...you’ll see the reason for the negotiations...which you wouldn’t see happening with a program rate. The DEALS are across the board...creating fairness in trade and currencies. This is VERY historical. I like how Abadi told everyone at the meeting in Germany...“we’re open for business...come on in!” Germany did tell Abadi...“ok”...and they did...quickly. Abadi received today a German delegation...Merkel says they are there to help with the economic reforms. Didn’t take them long to show up. No country is in this for an 1186 program rate!
2-23-2017 Newshound Guru Aggiedad77 Article: "Ayman total liberation of Mosul operations within 72 hours" We seem to be under a time clock don't we Family...72 hour count down and ticking...and we could be "ABOUT" done with Mosul to hopefully meet President Trump's satisfaction...may we see strong evidence of Monetary Reform shortly...that leans on a "sexy" rate...the BEST is coming...tick tock goes the countdown clock...Mosul...Mosul come on over. ...so when did this clock start to tick...on the 21st some time...pray for a wild weekend...one of great celebration that Mosul is finally back in the hands of the good guys...
2-23-2017 Newshound Guru Adam Montana [Do other countries have HCLs? ...is there anything to compare this process to...?] An HCL by any other name is still an "Oil Law". However... Iraq is the only country to my knowledge that has THIS much riding on the passage of such a law.
2-23-2017 Newshound Guru Kaperoni Article: "Abadi condemning al-Maliki in the fall of Mosul" He wanted to be Prime Minister, time he take responsibility for his actions or lack there of.
2-23-2017 Intel Guru Frank26 Dr. Shabibi…anything to say? Dr. Shabibi came out…and said that Maliki stopped everything. Abadi asked…“Why did Maliki give up Mosul?” Why did he remove 3 units of protection? Why Maliki? Obviously he was in coo hoots with ISIS. They are now calling for high-treason… in Iraq and INTERNATIONAL COURTS! TIME IS UP! TIME TO PAY MALIKI FOR YOUR CRIMES! ...we told you there would be another speech from Dr. Shabibi…JUST BEFORE they were ready. TA-DA-FREAKIN’-DA!! The MR will…IMO…will blossom after Mosul is announced. Once Mosul is liberated…they will liberate the IQD from the program rate. [post 2 of 2]
2-23-2017 Intel Guru Frank26 The reason why we don’t see the exchange rate of the IQD released yet...because there are a LOT of DEALS being made... IMO…(about 2 weeks ago)…we have enough of Mosul to have the RV of the currency of Iraq now...that was MY OPINION…but apparently that is not President Trump’s opinion. He wants to extinguish ISIS...That’s why many DEALS…IMO…are being born…combination of removing ISIS…“give me Mosul” and you’ll see the MR. We’ve got like 30 articles now... evidence of what they are going to do. It’s not that we want fully security by removing all of ISIS...while that is happening, Trump is making a lot of DEALS with Abadi. IMO…Iraq is being used as LEVERAGE to do a lot of DEALS around the world. Has Abadi seen Trump yet? No…not until Abadi is done with this and that…but Trump has Abadi’s back! [post 1 of 2....stay tuned]
2-23-2017 Newshound Guru loop His opinion is that .83333 cents to the dollar would be more managable. [So the exchange rate would be 1/.83 = $1.20. 1 divided by .83...In USD] This is where they feel they can defend (support) the rate based on their current economic capacity. This will increase over time has they economy grows. Remember that this is one persons opinion. What is so very encouraging is that this really shows that the expectation is a marked increase in value, which is very positive for this investment. Mr White [Guru wmawhite] made an excellent point...about them not having much to export, other than oil that is. The price of oil is fixed in the world markets and is traded in petro dollars so oil would not be effected by the increased dinar value. For the rest the GOI can always do what we do in the USA. What I am referring to is subsidizing the exports to bring the price down. This ensures that industries flourish while keeping the costs of exports low. [post 2 of 2]
2-23-2017 Newshound Guru loop Article quotes: "Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars to the dollar instead of 1200." "But the move was postponed to a later date due to the exit of some Iraqi areas under government control after the occupation of «Daesh» her. Then the military operations began to recover these areas which still exist. The government is expected to return to the project itself after the end of military operations." "The price of the Iraqi dinar former (US $ 3.2) was exaggerated and will continue to be overrated if has to return to it in the future. It will make imports cheaper, but it hinders improvement of production and export capacity of Iraq, may be the price of 1.2 dinars to the dollar or dinar against the dollar is a good price." So this economist is saying that while 3.2 dollars per dinar (Old rate) would make imports much cheaper it would cause exports to be expensive. [post 1 of 2....stay tuned]
2-23-2017 Newshound Guru Adam Montana [...can Iraq go on as long as it wants with out RVing...?] They could go "forever" without revaluing their currency, sure. But I don't think they will. We are indeed heading to that elusive finish line...
2-23-2017 Intel Guru RayRen98 [Do you really think we’ll exchange this month?] Today’s February 22nd, and this month ends next Tuesday. Yes, I do believe we will exchange this month, based on what I have shared with you and things I have not shared with you, no reason to think otherwise. I still look to $3.71 to be the international rate or thereabouts. We are in the waiting stage. Everything looks good...This could pop at any time, and all the technical information that has come to us is saying ‘green light – go’ as soon as this is released. [post 2 of 2]
2-23-2017 Intel Guru RayRen98 All is quiet, maybe a little too quiet...We had people in Iraq sending intel that the dollar was banned; we expected that, and good to hear it confirmed. Articles came out about that as well. Most of us know what that means, as one of the conditions favorable for Iraq to be sovereign, with a currency that is competitive to its neighbors. There are also rumors about Maliki being brought to justice, and reports of Rafidain Bank is now preparing its customers to accept deposits in dinar only, no longer in dollars – nationwide. At least, that is the game plan, to ban the US dollar across all provinces. [post 1 of 2....stay tuned]
2-22-2017 Intel Guru Dr. Clarke In the past few days, you've seen the "Storm" picking up speed. Surprise visit to Iraq by Gen. Mattis, tons of extra troops into Iraq/Mosul on Sunday. VP Pence met with Abadi, Merkel of Germany sending envoy to "assist with Iraq's Monetary Reform" (what??) Monetary Reform? ...and this week, you've heard all kinds of news regarding the Dinar Rates & the Dollar Rates...Changing. Keep your fingers crossed...it's only Feb. 22nd, 2 days into the "Storm"...so far, so good.
2-22-2017 Intel Guru ADMINBILL BEHIND THE SCENES ACTION IS STARTING. STILL ANTICIPATING THIS WEEK. NEWS I CANNOT USE IS VERY POSITIVE. THE PICTURE REMAINS BRIGHT.
2-22-2017 Newshound Guru Adam Montana The question, then, is “When will the Dinar Currency of Iraq Revalue?” This investment is not a scam, but you must be prepared to wait for things to happen. It may revalue, or “reinstate”, to a previous level, which would make many of us rich overnight… or it might grow slowly, over time, giving a nice return on an investment that many of us were smart enough to make. One thing I do know, for a fact… the Iraqi Dinar will not stay at it's current "value" forever. [post 3 of 3]
2-22-2017 Newshound Guru Adam Montana Here are a couple of very real facts: Iraq has a majority of the world’s natural reserves and crude oil, putting it on the same level as Saudi Arabia and Kuwait. If you know anything at all about Saudi Arabia and Kuwait, you should know that their currency is very valuable and their natural resources are the reason. So, why isn’t Iraq as rich as Saudi Arabia and Kuwait? That answer is simple – they only recently established a stable government, elections are now being held successfully, and the march towards financial recovery is progressing steadily. Crime and terrorism is lower and lower all the time! And just as importantly – the Iraqi people are unjustly impoverished as a result of the recent chaos, and they cannot remain in that situation for much longer – not when they control a major amount of the world’s “black gold”. [post 2 of 3....stay tuned]
2-22-2017 Newshound Guru Adam Montana This is the question I've been seeing a lot lately: "Is it a scam"? In a word - NO. The Iraqi Dinar is an item that has a past, present, and future value. We can put a dollar amount on that value for the past and the present, so the only real question is what the future value will be. If the value raises, you can profit. It's THAT simple. Keep this in mind when you read anything on the dinar - a savvy speculator must always be able to separate fact, opinion, and distractions. Here are some facts that will help you with this question of whether or not the "Iraqi Dinar" is a scam. The Iraqi Dinar Currency that is used today in Iraq is arguably one of the most sophisticated currencies in the world. The technology that makes it almost impossible to effectively produce usable counterfeit dinar currency is amazing. ...what about the "investment" itself? Is investing in the dinar currency a scam? The simplest concept you need to understand when talking about the Dinar Currency is that nobody is going to be able to tell you exactly when it will revalue. But does that mean the Iraqi Dinar Currency hype is a scam? Absolutely not! [post 1 of 3....stay tuned]
2-22-2017 Newshound Guru Aggiedad77 Article: "German loan gate to move the labor market" Quote: "...approaching global economic blocs in Iraq stems from its importance on the world stage and this important global effort perceived by the evolving under international indicators that put Iraq in the lead among the ten richest countries in the world." ...how can Iraq be placed center stage...on TOP of the world as the richest of the richest 10 countries in the world...how would that be possible...not just in the TOP 10...but at the top of the heap...you know what they have to do...Abadi has been told what he has to do...make it happen #1...the BEST is coming...big time BEST...can 3.22 make that happen?
2-22-2017 Newshound Guru Kaperoni Article: "Funding Facility for Economic Reform established to invigorate IraqÂ?s reform initiatives" Quote: "...UNDP will support the Government of Iraq to address key economic challenges and invigorate the reform agenda. Diversifying the economy, increasing national income, and improving the management of national assets will be of specific focus." Very good article. It appears the UN is helping Iraq push these needed reforms forward.
2-22-2017 Intel Guru Bruce I believe the Forex will not show a rate change of these currencies until the 28th of February or the 1st of March. ...we do understand Iraq has moved along very nicely. We understand they have the new smart cards, Qi cards. Their cards have been charged with their new rates. ...we are looking forward for good news with Iraq about the liberation of Mosul. We might have that in the form of an announcement here. We know that the banks in Iraq are open...even in Mosul the banks are open since 10am yesterday Iraqi time. The timing of this is very close in terms of what I am hearing. What we need is some good news come out of Iraq.
2-22-2017 Intel/Newshound Guru Backdoc Article: "... Treasury Spokesperson of Secretary Mnuchin’s Call with International Monetary Fund Managing Director Christine Lagarde" Quote: "Secretary Mnuchin also underscored his expectation that the IMF provide frank and candid analysis of the exchange rate policies of IMF member countries." I THINK IT'S VERY INTERESTING TO SEE "MUNCHKIN MAN" (AS I AFFECTIONATELY CALL HIM WITH ALL DUE RESPECT OF COURSE) MEET TODAY (Tuesday) WITH CHRISTINE LEGARDE FROM THE IMF. THIS SEQUESTERED GENIUS WILL SOON BE ADORED FOR HIS CREATIVE WORK. "ACTIONS MEAN THINGS."
2-22-2017 Newshound Guru Enorrste Instead, KAP [Guru Kaperoni] discovered years ago and we have elaborated on many times, a floating currency is the only thing that will work in the real world. But more importantly, this guy is convinced that a value of somewhere around $1.20 per dinar is economically feasible and desirable. Furthermore, he implies that this has been in the government's plan book for over 4 years, as KAP has already explained for the last 4 years! In other words, he is confirming...the correct view of the situation while at the same time specifically denying that an RV would work. Finally, as KAP noted, we see that, at least from this writer's point of view, the only thing now holding up the implementation of the float is the ISIS situation. It is anyone's guess what will be necessary to convince the government to move forward, but it is possible that recovery of Mosul might be sufficient. Only time will tell. [post 2 of 2]
2-22-2017 Newshound Guru Enorrste Article: "Raise the price of the Iraqi dinar to the fore again" Quotes: "Some Iraqi economist calls for the government to lift the Iraqi dinar exchange rate against the dollar until the rising purchasing power and increasing confidence it represents the sovereignty of Iraq..." "...Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars..." "The government is expected to return to the project itself after the end of military operations." This is one of the most positive articles I have read in a long time. The author clearly states that it is not possible to "RV" in the traditional sense and explains why. [post 1 of 2....stay tuned]
2-22-2017 Newshound Guru firefly Article: "Include the introduction of modern irrigation systems" Quote: "The Ministry of Agriculture to prepare new plans aimed at developing the sector, by increasing production through farmer support modern systems of irrigation legalized." Remember, one of the IMF requirements was to have Iraq diversify their reserves other than just oil. Agriculture is as great an ASSET as is oil and gold. Iraq is following the IMF requirements to the TEE.
2-22-2017 Newshound Guru Kaperoni ...measures need to be in place for the success of the transition from a fixed rate to a float. Just exactly to what extent is yet to be seen. That being said, I believe once the dinar is internationally convertible worldwide and the CBI is in Article VIII, demand will increase for the dinar. Just the exposure alone to the world financial system should be enough to create some upward movement in the value.
2-21-2017 Intel Guru RayRen98 On Iraqi TV, via satellite in US, it is reporting in the coming days a mechanism will be activated that will eliminate the US dollar and raise the value of the dinar. Reportedly, PM Abadi on Iraqi TV implying that Maliki may be brought before the courts on a charge of high treason. Also, indicators are now saying Rafidain Bank is preparing customers to do their deposits in dinars, NOT US dollars.
2-21-2017 Newshound Guru Aggiedad77 Article: "The Washington Institute for Trump: Iraq a better partner for the United States" How many different ways can you spell DEALS...the US is saying that Iraq is a better partner...really... Remember Iraq was given the cold shoulder by many...but now has become a key player and hot potato IMO...it goes on to say that Iraq will become rich...wealthy...and US companies will help level the playing field for them...Time is Up......the BEST is coming.
2-21-2017 Newshound Guru Kaperoni Article: "Raise the price of the Iraqi dinar to the fore again" Seems pretty clear that the author/economists want to raise the value gradually like we have stated over and over. The good news is they say they expect it to start once ISIL is gone. Quote: "The government is expected to return to the project itself after the end of military operations."
2-21-2017 Intel Guru RayRen98 Citizens in Iraq are informing that there is a ban on using the US dollar...supposedly in all provinces! Is this the final phase to economic reform and a public release of a revalued currency? Time Will Tell.
2-21-2017 Newshound Guru tlar [Do you have a guess on a rate? I communicate with another guy who believes there is too much dinar out there for much of an increase. Would you agree with that?] Its only a best guess as to how many dinars are circulating or how much of what they state is actually USD with the equivalency stated in dinars at any one time, because they will never divulge that to the public or even their own citizens. ...remember it is not dinar released from the CBI that they have to cover, but rather dinar circulating in Iraq in day to day commerce. The CBI may have released in the upper 30 trillion range but the dinar circulating is much less than that figure. The newspapers and media has always referred to all the dinars released as circulating in Iraq...The dinar you and I hold and the dinar not in Iraq that is other countries and central banks, is not considered circulating in Iraq.
2-21-2017 Newshound/Intel Guru BGG "Headline: Securities recorded an increase of 308% in the number of shares traded last week" (that would be for the ISX)...and 130.7% the week before...it would appear the "chunky money" and investors are feeling more and more secure in their own market place BY THE DAY! [That's a week over week volume increase.] They know what's coming. I just hope they leave a little meat on the bone for us. It just shows the mood of the private investor - which is good for us...They aren't complaining about the "worthlessness of their currency" - they are slingin' that stuff around like a fat kid chasing ice cream cones!
2-21-2017 Newshound Guru Aggiedad77 Article: "Iraq discuss with the launch of the International Monetary Fund for a new batch of loan" Iraq must have been doing some wonderful things to see a new batch of loans being considered dontcha think.
2-21-2017 Intel Guru Frank26 Mosul = stability / security for ALL of the Middle East AND Europe! DEALS outside of Iraq with the UK...with China...they are willing to play fair with their currencies. DEALS with Vietnam....Wait...didn’t Obama put sanctions on Vietnam? Yes...Vietnam sanctions...are only on their currency. They got caught just like China for manipulating their rate... But those sanctions ...in about 2 weeks are going to be lifted! Their revaluations...will not be like Iraq...IMO...smaller increments...in about 6 phases. DEALS are being made...while the value of the IQD is low…with countries who are waiting for the IQD to come out. DEALS...whatever you want to call them...was slipped into the formula for the release date of the RV of the IQD. Something is up...because TIME IS UP. All we are doing is waiting for the rate to go up. [post 3 of 3]
2-21-2017 Intel Guru Frank26 Trump says to Abadi...“go to Germany...talk to those in the long-line...tell them to invest in your country...Tell you citizens that the “full assault” on Mosul will begin this Sunday.” Seven...American bases in Iraq...we (USA) are not going anywhere! This is the beginning to the end of ALL OF MOSUL...and IMO...in ABOUT 2 weeks...it could be less...! Mosul is being completed at a much faster pace! This is the FULL-ON ASSAULT for the MR [Monetary Reform]. Is it Iraq’s choice to wait for Mosul for the RV? No…It’s not Iraq’s choice. We (USA) are not the only players in Iraq. IMF, UN, BIS, WB, etc. Iraq has its feet being held to the fire by those involved in the MR. [post 2 of 3....stay tuned]
2-21-2017 Intel Guru Frank26 On the early dawn on Sunday, something dramatic happened for our investment. DEALS are going on...happening so fast...Out of nowhere...all of these countries want to MAKE DEALS. Security and stability is really the key all over the world right now...and it all starts in IRAQ. If people want to make DEALS...to include China and North Korea...so that things are FAIR...that is astonishing. DEALS are being made for everyone that’s in the LONG-LINE...those that want to play on an even playing field...equal and fair trade. TIME IS UP! And that’s why we have DEALS that are being made. DEALS will fatten Iraq’s reserves...fuel their future. IMO ...over the weekend...these DEALS were triggered off...all from a phone call. The call...Trump to Abadi. A NEW DEAL was born. And that’s probably why we haven’t see the MR yet. Trump is a master negotiator...and as a holder of IQD...you should be thrilled about that! [post 1 of 3....stay tuned]
2-21-2017 Newshound Guru firefly I don't have a date nor a rate but one thing is for certain, we are standing on the edge of the precipice. And... IT WILL NOT Be A FREE FLOAT LIKE SOME FOLKS SUGGEST. Those that suggest a free float are not very versed on the laws set up by the IMF and the WB a few years ago.
2-21-2017 Newshound Guru loop Article quote: "the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states," and expressed hope that "Iraq is essential to attracting capital and center." Huge step forward to open the doors to the wall of Investors. IT's right out of article 22 of the Investment Law. Article 22: The foreign investor shall enjoy additional privileges in accordance with international agreements signed between Iraq and his country or multilateral international agreements which Iraq has joined.
2-21-2017 Newshound Guru Aggiedad77 Article: "Keywords: cash reserve is reassuring for the next five years" Quote: " ...it has received praise from specialized international organizations, and the reserve is calculated by the Central and the international Monetary Fund does not accurately raises concern for the next five years." Why would Iraq's Central Bank Reserves be considered by not only themselves but the IMF for the next five years...may I say "deal"... because of what has been agreed upon that perhaps we do not yet see...But what you do see is perhaps not all of the picture...remember boatloads of money coming into Iraq a short while ago...many things doubled...oh but that was a tip of the iceberg...IMO the IMF and others can see the full iceberg and no it is not global warming that is shrinking anything...it is global agreements that in fact are growing the iceberg...and that growth will soon stimulate an explosion that will catch our world as we know it in a shocking but oh so positive surprise...Wait for it...for IMO...the BEST is coming...
2-20-2017 Intel Guru RayRen98 Iraqi TV is reportedly referencing economic reform with officials discussing raising the dinar to 1.20 to the US dollar. Time Will Tell!
2-20-2017 Newshound Guru loop Article: "Keywords: private banks, their performance distinctive and are satisfied with it" Alak came out today punching the media for misreporting. ...he is saying...out of 60 private banks only 2 or 3 are not where they should be and they are currently work with them to correct this. ...ealier in the week a MP on the finance committee came out with the figure that the CBI reserves are 40 billion dollars and Alak came out today saying that the reserves are 49 billion dollars and that they are well within international accepted standards. In addition they...the reserves cover the local currencies by a "large margin". It's important to note that most countries in the world only have enough reserves to cover their currency by 10%. Iraq can currently cover their currency by over a 100%.
2-20-2017 Newshound Guru Aggiedad77 Article: "Proceeded Rasheed Bank, on Monday, activating the e-government citizen complaints for the service of citizens." Iraqi citizens the digital world is coming to a bank near you...get on board and get ready for a wild and wonderful ride...To make this work Iraq has to continue to improve the electricity issues around their country...but rest assured this e-"thing" is here to stay...welcome to our world... welcome to the big leagues...deals...are done...contracts are done...money is ready honey...just push GO and start collecting...For this done deal to materialize before our eyes...the BEST is coming and it's all about Iraq...and the World...in the still of their night...let us smile.
2-20-2017 Intel Guru ADMINBILL LOOKING LIKE GREEN IS A VERY REAL POSSIBILITY LATER THIS WEEK. I EXPECT A MAJOR ACTION TUESDAY OR THURSDAY...WHEN IT OCCURS, WE ARE THERE. I AM LOOKING FOR EXCITING THINGS TO HAPPEN IN MOSUL, AND WITH REGARD TO OUR OWN CURRENCY THIS WEEK. LET'S SEE IF THOSE CAN BRING US HOME.
2-20-2017 Newshound Guru mike [...if the market rate drops is that a good thing?] The market rate, or street, dropping is a good thing. As of today the street rate is 1270-$1. The official rate is 1182-$1, so there's a spread between the two is 88 dinars, or roughly 7.5%. That's not good enough for the IMF, they want the MCP, or spread, to be 2% or less and hold it for at least 90 days before Iraq can move to Article VIII compliance. In a nutshell, the market rate dropping is a good thing. [You can see the Official CBI Dinar rate and the CBI reported Market Rate in the Dinar Guru Resource bar on the left side of this page]
2-20-2017 Newshound Guru Breitling What’s the deal with the math with Iraq? Take a look at this…look at their economy now. How much oil are they producing compared to how many people they have and the market prices. Now go look before the first gulf war. They are producing more. There are more people in the world buying oil so the whole thing is bigger. But their currency is at a tenth of a penny? You think that’s the market rate? Are you blind? This is for the people who are not in this investment…how blind are you? Obviously the currency is artificially held down…Go by the math. All the math is there. All the proof is there. You don’t need to have doubts. The question is, when is this going to happen? Everything I talk about is based on principle..it’s the numbers…It’s everything. Fortunately, I didn’t come up with those numbers. Guess who came up with those numbers? The Ministry of Finance. The Ministry of Planning. The parliament. the CBI. That’s what you need to worry about.
2-20-2017 Newshound/Intel Guru BGG "the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states," and expressed hope that "Iraq is essential to attracting capital and center." ...the agreement represents an important signal to the international arena... BOOM!! they are providing assurances, protections and a way in and out for international investors. these are CRITICAL items to the freedom of movement of capital in and out of Iraq. [The agreement was signed at the United nations.] yes, which BTW...was more than a little shocking to me. It appears the UN is much more involved I imagined.
2-20-2017 Newshound Guru wmawhite Article quote: "the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states," and expressed hope that "Iraq is essential to attracting capital and center." This shows that the GOI has been signing agreements/conventions that we never knew about. The GOI has been doing this because they do not require the Parliament consent to do so. HUGE...well as important bilateral and international conventions signed by Iraq and the number of States”... And where was this announcement made? the United Nations...The agreement was signed at the United nations.
2-20-2017 Newshound Guru Aggiedad77 Article: "The Central Bank of Iraq, Sunday, for his ability to cover Iraq's international obligations as well as foreign trade financing, as he emphasized that the country's reserves of foreign currency within the "international standards." ...so how are they able to do this with a program rate...inquiring minds want to know. Big things are coming this week...listen to President Trump...watch what goes on...my glass is running over...and has been since Friday afternoon...cautiously optimistic...And....yes "Time is UP".
2-20-2017 Newshound/Intel Guru BGG ...much of the expectation we've all had - was directly inspired by Abadi and Alak. They are the ones telling us when they were going to "start the project"... whatever "delay" Alak commented on - seems to drawing to a close...the delay - appears to be the handling of Mosul. They expected this done sooner - it wasn't... looks like now it is. That's the key - AND, I fully expect some very good news coming out of Mosul this coming week.
2-19-2017 Newshound Guru Aggiedad77 IMO...there will be good come of this trip in many ways...watch for it...and with President Trump's rousing speech yesterday, it could likely be this week. IMO...if today's window slides by...I can see a window either being stretched...or a new one being opened until the end of this month...or to day...because events are happening so quickly...You aren't seeing all of what is happening IMO...what the media reports is only the tip of the iceberg with these meetings again IMO. [post 2 of 2]
2-19-2017 Newshound Guru Aggiedad77 Article: "Iraqi presence was influential and present through other meetings Observers believe that the Abadi succeeded in marketing the Iraqi issue globally and gain the trust and sympathy of .the participants in the conference leaders." It is my deep opinion that Abadi is meeting with more world leaders on this trip than just about any trip he's made in the last year...something is up...Something is astir with all these meetings...and the kingpin of them all his meeting with VP Pence...IMO he might as well been having a face to face with President Trump...that message being delivered by VP Pence was as good as it coming from Trump himself. [post 1 of 2....stay tuned]
2-19-2017 Newshound/Intel Guru BGG [...is HCL land boundries and alotment for oil?] HCL is (generally) referrred to as "The Hydro-Carbon Law" - AKA H.C.L. there are several variants. for a true HCL - it is possible they need to solve Article 140 - which will require a truely accurate census... (none of which will happen soon)...now - here's the good news...They have managed to "side-step" this whole issue by regularly "codifying" something of an HCL agreement in each and every annual budget...since 2015? HCL isn't so much land boundaries as it is - WHO GETS WHAT... in simplest terms...how much each bunch gets. But...they have handled it - in more of a technical "end around"... [...always heard no hcl no reval.] let me help you - that's bull ****.
2-19-2017 Newshound Guru Aggiedad77 the Iraqis are doing their part well with this last push of Mosul...all is good...the BEST is coming... the feeling I'm getting over the battle action in Mosul...plus the kinds of meetings that Abadi is having in Munich...plus the sheer numbers of meetings he's having...add that on top of Trumps HUGE speech yesterday...this plan IMO is coming together...It's been planned for the right moment...and I'm thinking it's definitely not months away, nor even weeks away...but we all know it's the ME...and they drag their feet in the sand...but Trump is a strong businessman who expects that anyone he works with to be prompt, professional, and to get things done...No more lollygagging like we've seen in the past...he knows what is needed and the results it will bring...it all is pointing in a positive way...it is a time to be searching for the nuggets that are thrown out...it may not be heavily announced...in the still of their night...watch for it.
2-19-2017 Intel Guru Frank26 Yesterday Mosul went from Medium Done to...Well Done...IMO.
2-19-2017 Newshound/Intel Guru BGG Article: "Iraq joins the transparency in the arbitration agreement between investors and states" Oh wow - they are REALLY BEATING THIS DRUM right now... Once international investment has both and way in and a way out - you can have "freedom of movement of capital" - AKA TRUE EXCHANGE...then the IQD will be able to move freely as well. They may not be "there" just yet, but they aren't far off. [You mean freedom as in some form of FREE MARKET ECONOMY!] in every sense of the word.
2-19-2017 Newshound Guru loop Investors will not come to Iraq in any meaningful way until they are sure that they can get their initial investments and profits out of Iraq whenever they choose to do so. Investors coming into Iraq is a major part to ensuring that Iraq realizes it’s vision of being one of the riches countries in the world... Now for the million dollar question. Is the investment law needed prior to an increase the purchasing power of the dinar? IMO...NOT HAVING THE INVESTMENT LAW PASSED WILL NOT STOP THEM FROM AN RV...HOWEVER IT DOES HAVE TO HAPPEN SHORTLY THERE AFTER IF THEY WANT THE WALL OF INVESTMENT CAPITAL TO COME IN A SUPPORT THE MOVE OTHERWISE THEIR ECONOMY MOST LIKELY WOULD FALTER...HUGE PIECE OF NEWS! [post 2 of 2]
2-19-2017 Newshound Guru loop Article: "Iraq joined the Convention on the transparency between investors and states" Quote: "National Investment Commission announced on Wednesday it had signed an agreement on transparency in the arbitration treaty-based investor-State in 2014 at the United Nations headquarters in New York." What is very encouraging about...this article, is that it indicates that some of these international and bilateral agreements have already been signed. Which is right in line with Article 22 of the Investment Law...this is a very big tell. Why on earth would they even bother with these agreements unless they had every intention of needing them in the near future? [post 1 of 2....stay tuned]
2-18-2017 Newshound/Intel Guru BGG Article: "Iraq joins the Convention on transparency between investors and the States" (the vitally important paragraph...) …”Iraq has issued a number of legislation that works to protect the investor and capital to do business in the country, at the forefront of investment law number 13 year 2006 and amendments which carries a lot of features and protection for investors, as well as important bilateral and international conventions signed by Iraq and the number of States”… I don't think I can stress enough - how important this is...and it may not IMMEDIATELY = what your timeline "wants" are - but it is BIG NEWS. Likely, THE TURNING POINT... Read that last paragraph again… (and again) – This may be THE NUMBER ONE piece of Dinar News “pre-RV”. I have been looking for a couple of important pieces to fall into place, this is one of the top 2 or 3...HANG ON!
2-18-2017 Newshound Guru Aggiedad77 ...Prime Minister Haider Abadi, the Iraqi in Munich Security Conference...What message was VP Pence delivering to Abadi, likely IMO coming straight from President Trump...those are the true nuggets of this trip...will Abadi head back to Baghdad tonight on his own personal red-eye flight...has he been given the green light from the leader of the free world...to step Iraq into a new realm...That is what I watch for...it is coming...IMO.
2-18-2017 Intel Guru RayRen98 Up to 45 banks now (handling the dinar). Banks are openly accepting the Iraqi Dinar. As far as I’m concerned that makes it International. Even if not International, all we want is for banks over here to accept it. Other currencies started fluctuating this last week and we put that out there. I knew from past experience these are short windows. We are looking good, and feeling good. ...we wait for the ultimate trip to the bank...I believe we are very close. We are looking for things to unfold any time. We are close enough to know this rodeo is coming to an end, we just don’t know when.
2-18-2017 Intel Guru Dr. Clarke ALL of these time frames, can Change right now, at the drop of a hat, because of the serious turmoil, chaos and unpredictability being demonstrated in the world today, in what we describe as “The Perfect Storm”, now happening toward, and reaching a High Spot, the last week of February. However, we STILL see, these time frames playing out, with the highest of probabilities. There are cycles in place, that are powerfully being completed, and we see them happening, RIGHT NOW. If “The Perfect Storm” gets too severe, especially from Feb. 21 - 26th...it could delay things into MID APRIL…..but we really don’t think, it will...we still think, positive currency movements will take place. In any event, it will be very interesting to see where the Rates are, MID-APRIL, 2017, regardless. [post 3 of 3]
2-18-2017 Intel Guru Dr. Clarke VIETNAM: Very close, if not at the Same Time Frame (Feb. 26 - Mar. 6, 2017), it is our opinion, based on ALL our indicators, that Vietnam will Officially Print a NEW, significantly increased Dong Rate, which will be applicable country-wide...Then, an “OPTIMUM Exchange Window”, that will extend into the Late - JUNE time period (FEB. 26 - Late JUNE), of which, you’ll have many choices (Notice this is Longer than the Dinar Optimum Exchange Window. OPTIMUM being the key word). This is ALL purely our SPECULATION, based on current circumstances. We’re NOT going to speculate about “Rates”, at this time. [post 2 of 3....stay tuned]
2-18-2017 Intel Guru Dr.Clarke ...2 weeks ago...we said that “The Perfect Storm” was coming by the very end of February? ...In our View, this is what is about to take place, from February 21-28, 2017, and is already shaping up right NOW. IRAQ: In our view, and by ALL our indicators, we think Iraq will Officially Print a NEW, significantly increased Dinar Rate, which will be applicable country-wide, between FEBRUARY 26 - MARCH 6, 2017...then, a “6 Week OPTIMUM Exchange Window”, through to around April 16th will ensue, of which, you’ll have many choices. “OPTIMUM, being the key word”. (Use your discernment). The Middle East “REGION” will see more than ONE country’s currency significantly increase, simultaneously. This is an Important Trigger: We also see Iraq making a very important announcement publicly & officially, about ALL of Mosul being ISIS free of control, and Iraq’s improved Safety & Security (with details), on or before February 28, and thus in tandem with the new, official rate. [post 1 of 3....stay tuned]
2-18-2017 Intel/Newshound Guru Backdoc AS SOON AS "MUNCHKIN MAN" (Mr. Mnuchin) WAS SWORN IN HE HAS BEEN PROTECTED FROM THE MEDIA. WHY? BECAUSE WHAT HE IS WORKING ON AFFECTS THE DOLLARS' VALUE AND THE NEW TAX PLAN THAT IS SOON TO BE ANNOUNCED. WE WILL NEED TO SEE THIS ROLLOUT VERY SOON SINCE IT’S LINKED TO THE NEW BUDGET AND TAXES! REMEMBER, LAST WEEK THE U.S. TREASURY CONNECTED THE NEW DIGITAL DOLLAR TO THE DIGITAL DINAR AND YESTERDAY WE SEE THE NEW DIGITAL SWIFT PLATFORM ADMITTING THEY ALREADY CONNECTED TO 60 COUNTRIES! WOW! THIS PROCESS IS NOW IRREVERSIBLE AND IT’S TIME FOR OUR QUARTERBACK TO TAKE THE FIELD BECAUSE IT’S JUST ABOUT GAME TIME!
2-17-2017 Intel Guru Frank26 MOSUL...IMO...is done enough! ...it is done enough to put security and stability into the monetary reform. It is SO DONE … ACCOMPLISHED...that they said...they will put a BANK on the LEFT SIDE...in MOSUL. The MR is right in front of us. They are very, very close to raising the value. IMO...Iraq is international! It’s too obvious...but at a program rate...this is like the Goodyear blimp without helium.
2-17-2017 Newshound Guru Breitling ...Do you think President Barak Obama, President George Bush Jr., President Bill Clinton and President Trump and can get together and deem these note this value and then all of a sudden they are worth a buck? If you think they can do that and have the power to do that then you’ll buy anything. That’s not how it works. They still have to reduce the note count no matter what. No country in the last 100 years has gone outside those principles. This is very easy to follow. [Post 2 of 2]
2-17-2017 Intel Guru Bruce The reason was...the CIPS system. That has superseded the swift system. It was put together to allow wire transfer to occur in as little as 18 sec to 53 sec around the world...attempts...made to integrate the swift system into the CIPS system and make those two systems work parallel with each other in such a way the Swift system can operate at the same speed of the CIPS system...We have that system interrogated approximately 1:30pm EST [Thursday]. What does that mean? The timing was that system was to switch on in its activation at same time the intake for the Dong at the trial exchanges stopped. It wasn’t coincidence. Now we have the ability to do wire transfers all over the world and domestic transfer in the United States at lightning speed without delay, open transparent. The point I am telling you about this is that is to show you how close we are. [post 2 of 2]
2-17-2017 Newshound Guru Breitling One of the emails I get again and again is…”Did George Bush Jr. state that the Iraqi War was going to be paid for and that he brought over a bunch of dinar from Iraq?” There are two answers to this. No he did not. And it’s not provable. But it has nothing to do with our investment. Absolutely nothing at all. So we want to be as sure as we can about out investment…what do you do? You go back to parliament. What did parliament say to the IMF that they wanted to do? What did they say to the Minister of Finance on what they wanted to do? What did the Ministry of Finance say to the Ministry of Planning? What did the Ministry of Planning say the the Central Bank of Iraq? And then what’s going on with the currency? It’s that easy. There is nothing else to ask. [Post 1 of 2]
2-17-2017 Intel Guru Bruce We are in good a position that a lot happened to get us to Tuesday and a lot happened to get to us where we are now. A lot has happened the last 24 to 48 hours. What we heard is what we are going to call early exchanges on Vietnamese Dong. A few weeks ago same type thing going on with the dinar. My understanding this is it. The Dinar was done. The Dong was exchangeable at lower rates which I know were 39 cents to 56 cents per Dong. These exchanges went on for 23 hours and 35 minutes. Then they stopped abruptly. ...the opportunity was a short window today for a reason. [post 1 of 2....stay tuned]
2-17-2017 Newshound Guru firefly Article: "MONDAY, JANUARY 9, 2017 CBI adopts IBAN system" So as we can see, the banks in Iraq ARE prepared. [yep just when are they gonna do it?] We're just going to WAKE UP TO IT. Nobody knows the implementation date but I believe we are closer than we have ever been! [hoping right after Mosul.] I don't believe Mosul is an issue any longer...Mosul will NEVER be 100% secure. But...is it secure enough at this juncture to move ahead with the reforms? My opinion is YES. [It would be real fascinating if the CBI would show a International rate.] They will but it may show on the Arabic side 1st IMO.
2-17-2017 Intel Guru Delta [The TRUE RATE should show up on the CBI website any day! That website...has been empty...the remittance of their auctions and the rate.] Yes...it’s been empty. The remittances are a wire-transfer. They used to have a manual form. In the past if I wanted to send you 1 million dollars...I would have to fill out this form...give it to the CBI...with 24 hour notice...etc. Now...because of IBAN...for the last 6-7 days...the CBI doesn’t have to do things manually anymore. All electronic. We’re just waiting for the NEW RATE. Saddam manipulated the numbers. ...Dr. Shabibi...he said they that wanted to get around $2.80. The rate...if you go back to the 70’s and 80’s it was $2.80. $2.80 was planned by Shabibi and the CBI a long time ago.
2-16-2017 *** Dinar Guru Community News *** I'm saddened to report Newshound Guru Admin Bob passed away suddenly Wednesday . Our thoughts and prayers go out to his family and friends. He has been a fixture in the dinar world for a very long time and will truly be missed. The latest guru posts will continue below...
2-16-2017 Newshound Guru firefly Then we have IBAN. IBAN is different than the Swift system although it IS a part of the swift system. All of this is from the CBI! Iraq is still not listed on the IBAN site...Yet the CBI announced which banks will handle the IBAN...So what does that tell you. remember Swift is used between BANKS...IBAN (International Bank Account Numbers) is for the PRIVATE SECTOR for international transfers. The fact that banks in Iraq are READY for IBAN excites me intensely. I'm sure it also has the contractors and foreign companys excited as well...too many items lining up to ignore! [post 2 of 2]
2-16-2017 Newshound Guru firefly Article: "World Band preconditions "reconciliation" for supporting Iraq" Quote: "World Bank regional sources reported that it will grant Iraq its financial support in parallel with the reconciliation project after defeating Da'ish (ISIS) organization." I mentioned many months ago how important the National Reconciliation Law is to our investment! [How long will that take?] Still not transparent but many promises made according to articles that it is just around the corner. [post 1 of 2....stay tuned]
2-16-2017 Intel/Newshound Guru Backdoc LET'S FIRST REMIND YOU THAT LAST WEEK THE UST WAS IN IRAQ AND THEY HOOKED UP THE DIGITAL DINAR TO THE DIGITAL DOLLAR... NOW TODAY WE ARE SEEING IMPLEMENTATION OF THE DIGITAL DOLLAR WHICH I TOLD YOU WOULD HAVE TO OCCUR PRIOR TO THE EXCHANGE OF ANY DIGITAL ASSET-BACKED CURRENCY! TODAY THE DIGITAL DOLLAR IS CONNECTED TO OVER 60 COUNTRIES! NOW THAT IS IMPLEMENTATION MY FRIENDS! THE FINAL STAGE IS NOW SET TO ROLL...WE HAVE A LOT TO BE EXCITED ABOUT BECAUSE NEXT WILL BE OUR TURN! [post 2 of 2]
2-16-2017 Intel/Newshound Guru Backdoc Article: "The introduction of the new service "Swift" for innovation in global payments" TODAY IS MORE THAN THE ANNOUNCEMENT ABOUT THE NEW DIGITAL SYSTEM...A FEW WEEKS AGO WE SAW A PREVIOUS ARTICLE ON THE NEW DIGITAL SWIFT SYSTEM AND THAT THEY HAD UPGRADED TO THIS NEW TECHNOLOGY. THEY HAD NOT OFFICIALLY IMPLEMENTED AT THAT TIME BUT TODAY, BOOM! IMPLEMENTED. I HOPE YOU UNDERSTAND WHAT THEY ARE SAYING HERE! [post 1 of 2....stay tuned]
2-16-2017 Intel Guru Frank26 Remember the article about the AIRLINES? They said...don’t accept any foreign currency...only the IQD. So...what did we see today in an article? It said THEY CANNOT do it...SITA is our program/computer and SITA will not receive as a form of payment with our existing dinar due to the flux of the dinar. The airlines were TOLD by the CBI and the GOI. This article was a PREMATURE STATEMENT! They cannot end using USD’s until they raise the value of their currency! Their program rate is still in the...SITA system. The only way to stop the problem...is to raise the value.
2-16-2017 Newshound Guru mike Article: "Parliamentary Finance: The government withdrew its $ 48 billion cash reserve" Now we're down to $40 billion in reserves and essentially, nothing's changed. I don't see oil prices surging back to $100 a barrel and terrorism is never going away. Iraq needs to course correct now, there's no more time to waste.
2-16-2017 Intel Guru Delta A lot of you are looking at the UN Operational Exchange Rates. That has nothing to do with Iraq. Iraq doesn’t have to wait until the next UNOP rate date changes. We believe that the budget was passed...and showed up in the Gazette on the 9th. Did you see the budget implemented yet? No. What are they waiting for? The only time you have to amend the budget is if you changed the rate. YOU SHOULD BE VERY EXCITED! The BAS News website ...that showed a rate...the newspaper took down those numbers...Where did those numbers come from? Software. At that time...they were testing the new rate. We continue to watch for the NEW RATE...that could happen ANY DAY...ANY MINUTE. We believe that in our hearts...this is our month... The TRUE RATE should show up on the CBI website any day! [post 3 of 3]
2-16-2017 Intel Guru Delta An article from the IMF...they say that every member nation...when they want to change their rate...the IMF has to know within 30 days of the implementation. These are NOT rumors! This is fact from the IMF website. The 30 days give you 3 windows...the 4th the 12th and the 17-19th...so we believe...this week...for Iraq to show the rate. It’s never happened before for them to remove the indicative rate for that long. Where does the indicative rate come from? This indicative rate comes directly from the IMF...they give that to Iraq... One of the memos that we found talked about the exchange rate. The CBI controls the market price...auctions and cash. The thing that can’t control anymore is the TRUE RATE! ...the CBI...they got the permission...we believe within the last 72 hours. This is NOT rumors! This is a fact from the IMF. [post 2 of 3....stay tuned]
2-16-2017 Intel Guru Delta The CBI and the program rate...what is going on there? January 2017 the CBI...all of the sudden the program rate was taken off. January 2, 2017...when auctions started...the spreadsheet...the program rate 1184...and then January 12, 2017...we watched it...they had an auction...the numbers disappeared. ...the program rate is gone...the spreadsheet...the indicative rate. Why is that significant? Articles from the CBI (long time ago) stated that they couldn’t have 2 rates in the same fiscal year. When the CBI and the GOI decide to come up with a TRUE RATE...that must happen in the beginning of their FISCAL YEAR...That should have been the 1st week in January 2017. It didn’t happen at that time for whatever reason. They agreed not to postpone. The meeting on January 17 to 19th with the IMF...everyone involved...everyone was there...and we believe that that date was a high possibility of them getting the green light to lift the value. [post 1 of 3....stay tuned]
2-16-2017 Intel Guru Bluwolf All things already talked about and expected to occur are now...coming into reality...and they will be revealed through a domino effect process, just falling into place one behind the other. As some whom have seen some recent screen rates sort of high, let me informed you that those are just placeholders for all the rates are still floating, but one thing is for sure is that the real rates will be much higher than seen by these folks. The turmoil of political events now in DC are being structured to delay our blessings but the guy with the Golden hair knows of that and is pushing forward...That is where we are folks as we speak. See you at the banks...
2-16-2017 Newshound/Intel Guru BGG Article: "Rasheed Bank grants loans to citizens of up to 30 million dinars" [...any thoughts on Rasheed bank starting car loans and buying Us dollars from citizens!] 1st - why would they loan money in an economy "like this" - up to... 30,000 USD. 2nd - who would want to get rid of their USD?? Seems like a real shift in perception of the IQD value on the street is coming...or at least Rasheed is forecasting one.
2-15-2017 Intel Guru RayRen98 Intel-wise, nothing much has changed from Monday. We did have some nice developments yesterday...a potential leverage opportunity for dong. Texts and calls came in. Some told us that you had to have an account at the bank already, but they were told repeatedly that the rate was $38,000 per million dong, so they intended to come back today, but the window had closed. Another person was told $500+ for a million, but by the time their friend was able to get there, the rate had changed. This morning, a bank quoted 40 cents on the dong, and that person rejected the rate, because they didn’t understand the power of leveraging – they were waiting to reach a better rate. This has been an interesting week, after a slow start and then the...the leveraging opportunity came from out of nowhere. I don’t know when the next thing will happen. Intel is saying a couple more hours or days, so I am on for this week, and I’m ready for any day, every day until this happens... We look forward to what happens in the future as we await the public release of the RV, which is already done, IMO.
2-15-2017 Newshound Guru Aggiedad77 Article: "Iraq looking for partners to finance the 4500 project laggard in excess of $ 5 trillion dinars" ...articles today are so focused on bringing investors in...looking for external help to get their economy back on track...working with existing projects to get them jump started again...this all screams of Economic Reform... Monetary Reform...but it bellows IMO...a rate change that has to be on the edge of the cliff ready to push Iraq into some kind of warp speed as a real time player in the international world...it's coming...and I'm not sure much of anything can stop it...the BEST is on the way...IMO.
2-15-2017 Newshound Guru Adam Montana ...to get right into it - no HCL, no RV. [Do you think that the actions of President Trump toward the Arab nations (especially Iraq) will have a negative impact on the RV of the Dinars?] Not at all, actually! I see positive things happening, not negative.
2-15-2017 Intel Guru Frank26 IMO...the UST put a ban on the USD inside of Iraq. That’s why it’s TIME’S UP! The USD is not to be used anymore for interior transactions...they are to use eDinars. IMO...all agencies have their hands off...everything is in the hands of Abadi and the CBI. It’s now time for Iraq to bring out the new rate...and I believe the time is now. We have never been to this phase before. Congratulations Iraq. Another 45,000 troops...not for Mosul...but to protect Iraq...POST MOSUL. Figure that one out! First time...we’ve ever seen this progress is ONLY waiting for the indicative rate...which has been missing for over 40 days now. Yes, Mr. Trump gave a beautiful speech about currencies...and value for value. The IMF recently that the US will pump-up the world’s economy. For the IMF to say that to the world...that is currency evolution. There is no rate on the UN Operational Rates chart. Yes, and that’s because there is no rate on Iraq’s spreadsheet. There is nothing random here...everything well orchestrated. I am expecting something. IMO … we are very close. TIME IS UP...LET’S ROLL!
2-14-2017 Newshound Guru loop If they (IMF, WB, UN, UST) pushed them out of the nest, when they were not ready (as some have alluded to) their economy would go splat on the ground like Wylie Coyote. And there is no way they (the world ) want that to happen. Just look at their actions that they have taken to guide Iraq in getting this right.
2-15-2017 Intel Guru Frank26 Article: "Dong strengthens against US dollar in early 2017" Nam is the child of China...China loves to devalue and take advantage of world trade...IF...China devalued as they threaten...do You think the Dong would Revalue? It would be dragged down...Just look at it's currency value fluctuation in the last two years. Nam IMO...HAS to obey China in all things or they would be suffocated by their rule over them. USA would be helpless to only watch...Because war would be...Illogical when there are other markets more stable and secured...Sooooooooo...i and You need to pray China OBEYS President Trump to...PLAY FAIR! The Dong IMO is a good investment...Just don't know the date nor rate...BUT hence why i suggest more than a year away.
2-15-2017 Intel Guru Bruce ...we heard in Iraq...that they did get their smart cards charged up at the new rate. Beyond that, everything seems to be moving where we should be there. We are hearing the work taking place to remove ISIS is happening. There are a lot of Special forces from about 6 different countries that are combining to put a strong effort together to rid ourselves of that situation not only there in the Middle East, but around the world. So we are in the midst of a lot of activity now. Sounds to me like we are just getting ready for this to go down for us. We are in a great position for this to go through... Not going to call it. We thought we have it before tonight [Tuesday], but hearing good things, good info pointing to the next few days. I think we are that close guys, really good shape to come through for us. I just got confirmation on the John Q Public in the range of February 20th. [post 2 of 2]
2-15-2017 Intel Guru Bruce We were looking for Steve Mnuchin to be sworn in as Secretary of the Treasury...He did get sworn in...and...I can’t verify this, only hearsay, that he needed to be in sworn in and be in that position for 24 hour before we went. If that is true then...Maybe we are at that point we can go forward. We heard today a tweet went out talking about leveraging the Dong. It ends up that if there was leverage it was at the bank’s end and not at our end. We haven’t been able to find good confirmation whether the Dong at teaser rates from 30 cents to 50 cents on the Dong was actually exchanged. It would be interesting if it is occurring...however... I can’t get it proven to me. [post 1 of 2....stay tuned]
2-14-2017 Newshound/Intel Guru BGG Iraq NEEDS INTERNATIONAL ACCEPTANCE in the worst way - they don't "self-determine" that...they have to garner such support. Who cares what you price your "product" (ie; currency) at - if no one will buy it? Saddam found that out the hard way...anyone recall what happened when the CBI went out and tried to peddle their first bond offering last year? WITHOUT INTERNATIONAL ACCEPTANCE? nothing...zip...crickets. why? they hadn't quite met the mark just yet...and they were a little ahead of the game. Now - even this AM, we've got MP's coming out saying there will be NO SECTARIANISM in Iraq ever again...they may not have it all figured out just yet - but they are getting feel of the song...and these vibes (from the world community) is what I said TO BANK ON... mainly because it's the trend line I'm seeing in the News - period. No prediction needed. Iraq appears to have a few items to take care of yet... and they look like they are well on their way to giving the world community what they've been asked for.
2-14-2017 Newshound Guru Kaperoni Article: "Egypt: Inflation rose nearly 30 percent in January" IMO, Egypt only has tourism... Iraq has wealth way beyond oil, gems, gold, etc. If timed correctly I do not see the dinar going anywhere but up. The dinar is so grossly undervalued, even if they do not have fluid investment coming in, I believe the dinar still will rise substantially.
2-14-2017 Intel/Newshound Guru Mnt Goat I find it very funny now how many...are only now jumping onboard the ship and coming to the reality that perhaps it is the final liberalization and the enactment of the reconciliation law effort waiting for the RV. This will give Iraq the STABILITY and SECURITY it needs to allow the CBI to implement the next phase of the currency reform that of the project to delete the zeros. But hold on everyone! ...there is still the problem with the Iranian influence. This issue has been the major reason Iraq is in this war with ISIS in the first place. This is the reason why it is so hard to have peace and security in Iraq. So when Abadi officially announces the “full” liberation of Iraq there will still be this lingering issue. So it is not over till it’s over. So today we hear news that the newly elected Trump is cracking down on Iran and telling them to get out of Iraq. Again he is flexing the muscles of the USA military. He is walking tall and carrying a big stick! My personal feeling is that - ITS ABOUT TIME!
2-14-2017 Newshound Guru loop Article quotes: "Business in various countries around the world accomplish depends on the performance level of the institutions involved and the speed of service provided to the citizen and the company and of course here can be measured by the extent of the development of any country the world." "the size of a large work is almost not available in all countries of the world" THIS IS WHAT IS ATTRACTING SO MANY COUNTRIES. Quote: "to be the basis of national duty starting a new phase reaches us safely economic" IT IS THE DUTY OF THE GOI TO ENSURE THE IRAQ TRANSITIONS INTO THE NEXT ECONOMIC PHASE SAFELY. WHAT IS THAT PHASE? IMO... JOINING THE WORLD MARKETS.
2-14-2017 Newshound Guru Kaperoni Article: "Egypt: Inflation rose nearly 30 percent in January" Quote: "The floatation was part of a package of reforms introduced to secure an IMF loan of $12 billion to overhaul the economy." I do expect Iraq to follow suit once ISIL is gone from Iraq. The result will be different of course because Iraq has so much more to offer than Egypt. The key here is the float is part of the IMF reform program.
2-14-2017 Intel Guru Frank26 There is a period...that I call 72...72 hours...and IMO...the 72 HOURS...we STRONGLY agree that this period started WEDNESDAY into THURSDAY. That was on the 8th. On Saturday night... TIMES UP...and I was hoping to see a number on Sunday morning. What happened? Did something go wrong? No! Iraq is a sovereign country...and they can do it when they want...and boy oh boy are they getting ready too! [post 3 of 3]
2-14-2017 Intel Guru Frank26 AIRLINE TICKETS...told not to take anything but IQD... more MCP evidence. This means that Iraq...at that moment...had control of their currency. Once Iraq switches over...only accepting/using IQD...this is a MONSTEROUS STEP...all done within the 1st quarter of 2017. MCP...this is a huge thing with the IMF. Since the 4th of January...the indicative rate TOOK OFF! Since then...Iraq was not really in charge of their rate anymore. That’s why the CBI is WAITING...on the IMF...waiting for the new numbers to come out. The testing of the NEW NUMBERS...it went perfect! These NEW NUMBERS...everyone is now waiting. [post 2 of 3....stay tuned]
2-14-2017 Intel Guru Frank26 Abadi and the CBI...pay close attention to what the IMF wants of them. In my opinion ...I expressed why...the TIME WAS UP for Iraq and their monetary reform. The IMF is the governing agency...tries to EQUALIZE world currencies. As you know, China is a currency manipulator. You saw what happened in Iraq with the MCP (multiple currency practice). You don’t see an indicative rate on the CBI’s website. The EVIDENCE points... 28...ARTICLES...to the fact that they are...IMO...doing that! TIME IS UP...IRAQ... YOU’VE GOT TO RAISE YOUR RATE NOW! [post 1 of 3....stay tuned]
2-14-2017 Intel/Newshound Guru Backdoc MUCH HAS BEEN SAID ABOUT IRAQS' BUDGET (AS WE ALL KNOW) EVEN TODAY, IRAQ SPEAKS OF MAKING AMENDMENTS TO THE BUDGET ALREADY. WELL, WE HAVE A GOOD IDEA WHAT THOSE AMENDMENTS ARE FOR, DON'T WE? Hee Hee.
2-14-2017 Newshound Guru mike Article: "Parliamentary Finance: Iraq's debt exceeded $ 100 billion" Quote: "Iraq's debt exceeded $ 100 billion, and divided by $ 35 billion internal debts and $ 70 billion in foreign debt, and came because of the government's borrowing to fill the budget deficit during the past three years". ...the $35 billion is part of the bonds that the CBI bought from the GOI, it was a workaround for the law preventing the CBI from loaning directly to the government. I've been watching these guys flounder around for the past two years, all the while the reserves are eroding. And still, no movement on the open market economy... News flash, Iraq, building your economy and creating trust in your banks takes years to get off the ground, you've wasted enough time. Iraq's credit rating will never improve with this type of financial performance. Your move, Abadi.
2-13-2017 Intel/Newshound Guru Backdoc [...you made reference to the end of february and be ready for the 1st of march...do you really feel we have another two weeks to wait to see the un operational rates activated?] THE NEW DOLLAR AND THE E-DINAR COULD BE REVEALED AT ANY TIME BUT IT MIGHT BE A FEW MORE DAYS BEFORE THE PUBLIC VIEWS WHAT IS BEING CURRENTLY HIDDEN FROM VIEW. TRUMP WILL BEGIN TO ROLL OUT HIS PLAN SOON AND IT WILL START IN THE HANDS OF HIS PUBLIC MOUTH PIECE, ALL EYES WILL SOON BE ON POTUS AND MUNCHKIN MAN AS THE ROLLOUT BEGINS! UN RATES WILL BE WHERE THEY WANT THEM WHEN THEY WANT THEM AND NOT BEFORE. THE UST IS IN CHARGE! THE WORLDS STANDARD OF VALUE IS ABOUT TO CHANGE AND THE WORLD WILL SEE ALL TRADE AND SHIPPING COME TO A TRADE PARITY... [post 2 of 2]
2-13-2017 Intel/Newshound Guru Backdoc I BELIEVE THAT "MUNCHKIN MAN" (Mr. Mnuchin) HAS BEEN IN SINCE FRIDAY OF LAST WEEK...BUT OF COURSE TONIGHT WILL MAKE IT OFFICIAL PUBLICLY. REMEMBER WHY THE U.S. TREASURY WAS IN IRAQ, THEY ACTIVATED THE NEW ASSET-BACKED DIGITAL (BLOCKCHAIN) DOLLAR WHICH WE KNOW IS DESCRIBED BY BETTER SPEED, EFFICIENCY, AND SECURITY! YES, THIS ALLOWS THE SYMBIOTIC MARRIAGE OF THE E-DINARS TO BE ACTIVATED! THE TRUMP CARD WILL SOON BE PLAYED TO THE PUBLIC AS POTUS BEGINS TO MAKE HIS PUBLIC TAX PLAN KNOWN OVER THE NEXT 2.5 WEEKS AS HE SAID. THE PUBLIC EXPRESSION ON THE SURFACE IS JUST AS IMPORTANT AS WHAT WILL BE DONE BEHIND THE SCENES. MY GUESS IS "MUNCHKIN MAN" IS BEING PROTECTED TO DO HIS IMPORTANT WORK. THE 2.5 WEEKS LINES UP NICELY WITH THE NEW UN OPERATIONAL RATES TO BE UPDATED IN FEBRUARY AND TO BE SEEN ON MARCH 1ST! [post 1 of 2....stay tuned]
2-13-2017 Intel Guru RayRen98 We heard some possibilities on Friday but they didn’t come through. As for Iraqi news...The CBI still has not updated their rates after 30+ days; something is going on there. The UN rates are usually updated by now as well, but there is no new posting yet, no indications. ...my best source keeps saying “it’s done, just be patient.” Over here...I’ve received information that some banks have started contacting large currency holders, although I don’t yet know why. Some members are being told to check in every day because the banks think something might happen. Somebody must be expecting changes pretty darn soon. Some believe that swearing in the Secretary of the Treasury will get the ball rolling, and others think it is already rolling. I really don’t know if that is relevant. Things are looking good and there are several indicators that this will be a good week.
2-13-2017 Intel Guru ADMINBILL THIS SHOULD BE A VERY INTERESTING WEEK FOR US ALL. DO NOT LOOK FOR AN EVENT TO OCCUR FATHER SIT BACK AND BE READY TO TAKE ACTION. BASED UPON WHAT I HAVE BEEN INFORMED THE PROCESS IS NEARING AN END AND SHOULD BE COMPLETED THIS WEEK. I AM NOT SURE WHEN EACH CURRENCY WILL ROLL OUT NOR DO I CARE. ONCE IT STARTS WE WILL KNOW THE REST WILL FOLLOW AND THAT IS ALL THAT MATTERS...WE WILL BE HAPPY.
2-13-2017 Newshound/Intel Guru BGG [Can someone explain why this CANNOT revalue at .05? and I mean CANNOT, not why you THINK it won't. In addition, if it does increase to that number, it's still considered an RV and increase in purchasing power, much more than they have now. DO they HAVE TO RV? Do they HAVE TO increase to a logial rate?...] 1) It can easily "revalue" to .05 - fact... will it?... 2) It would be considered some kind of "upping" of purchasing power - but won't change my calculus ONE LITTLE BIT. NOT ONE... 3) Do they have to? Maybe not - but it is clear they WANT TO - IN THE WORST WAY... bad enough the are taking their Q's from the UN, IMF and WB - BANK ON IT.
2-13-2017 Intel Guru Frank26 Time is up...We do not give you a date...we do not give you a rate. There is a period of 72 hours that would be given to Iraq and IMO the 72 hours is up. The 72 hours began when all of the agencies, the UN, IMF, WB were in agreement with Iraq...when all the work was complete...I believe they completed a lot of the steps of the Monetary Reform and the period of 72 hours is up, IMO. The 72 hours is a time to prepare in which Iraq would release a new rate and I believe that time is up. IMO, Iraq is being thrown off of a cliff like a baby eagle and we expect it to fly. This is a time to celebrate.
2-12-2017 Newshound/Intel Guru BGG & Newshound Guru loop [are you upbeat on the GOI and banking progress?] BIG TIME! HUGE PROGRESS... they are (probably) right at the doorstep of what they need done. Once a couple of things are done - they are fiscally ready to pull the trigger. IMHO. [What are those couple of things that need to be done?] We know that stability plays a major piece of this puzzle and form a banking standpoint I believe they are there. I have started coming to the realization that Mosul being ISIS free and a start of the national reconciliation may very well be what the IMF and the world bank are looking for. I am still very very optimistic about where we are. The big picture that their actions are pointing to is the main reason for this.
2-12-2017 Intel Guru Jester THEY ALREADY HAVE ALL THIS FIGURED OUT... AND WHEN THE TIME IS RIGHT THE CHANGE WILL START... IT TAKES TIME TO OVERTURN THE SYSTEM WITHOUT CRASHING IT... [Not asking for a date but do you think it will be months or possibly years...the system is soooo big?] CAN YOU NOT SEE IT HAPPENING BEFORE YOUR EYES? ...RESTRUCTURING THE ENTIRE SYSTEM IS HUGE... IT HAS BEEN A CORRUPT ENTITY FOR A LONG TIME... THE ONLY THING THAT TRUMP IS DOING IS MAKING FRIENDS WHERE WE DID NOT HAVE FRIENDS BEFORE SO WE ARE NOT LEFT OUT IN THE COLD WHEN THE TIME COMES...
2-12-2017 Newshound/Intel Guru BGG [What's your thoughts on...Trump, and what he said about the currencies yesterday?] I would take what he's saying as more of an illustration and not a "literal" statement. However, he seems to be very direct and means to do as he says...him having the "currency parity" stance and seeming to want to enforce that philosophy - IS VERY GOOD FOR US...Especially since Iraq is likely the most undervalued currency on the PLANET.
2-12-2017 Newshound Guru loop The banking sector is light years ahead of where it was just a year ago. All of their actions point to getting ready to for entry into the world markets. IMO.
2-12-2017 Newshound/Intel Guru BGG 2nd part...here's the real interesting question...WHY ON GOD'S GREEN EARTH does a private company all of the sudden decide they want to start taking in IQD (which is regarded by many in Iraq as WORTHLESS - and hard to deal with)? insisting on...them use IQD to pay for flights. this is what everyone is missing. The freemarket change in perception... ever so slight - but it just happened. ...they know what is coming soon...they are looking for appreciation - just like you and I. [post 2 of 2]
2-12-2017 Newshound/Intel Guru BGG [Have you got any follow up info on the...FOREX...and...the airlines?] I did some checking - the Forex jive is pure BOGUS... The IQD has been listed on many Forex platforms for a long time...whatever tiny fluctuations you see throughout the day are reflections of tiny moves in the currency they are "pegged to" - or paired with for a quote... NOT any change in status or value of the IQD (YET). [post 1 of 2....stay tuned]
2-12-2017 Intel/Newshound Guru Mnt Goat Article: "Mr. Ammar al-Hakim Kubiš: single community reconciliation task of the settlement vocabulary" Quote: “He said the two sides stressed that national reconciliation is the perfect choice for the post Daesh and exit Iraq from security and political crises”. So what does this statement by United Nations, Jan Kubiš mean? What is the significance to us? To me it means IMPLEMENTING the National Reconciliation is the SECURITY and political STABILITY we have been waiting for. Why have we been waiting for this? Because the CBI told us they “postponed” the project to delete the zeros until such time there is adequate STABILITY and SECURITY…WOW!...Its coming…
2-12-2017 Newshound/Intel Guru BGG [...your thots (thoughts) on the lack of updates by the cbi?] I'm not sure what to make of that - it is VERY DIFFERENT, NEW and WEIRD. I suspect it has something to do with what we are after - I just don't know exactly what...plenty of folks saying it's no big deal. (they would be wrong). the longest stretch I can remember in many years was 3 or 4 days. We are at 37 days and counting. P.S. I can recall nowhere the Iraqi constitution requires some rate change within 30 days of no posting (or any other combination of events ending in an RV).
2-12-2017 Newshound Guru Aggiedad77 Article quote: "And by a memorandum of understanding, it would have to all states to cooperate with the Iraqi state to recover the money stolen and smuggled, by virtue of the United Nations mandate and its impact on the international level." This is another HUGE piece of the puzzle...as pieces keep coming together...they keep being so transparent in new ways, showing the world what they are doing and just how serious they are at bringing to justice those who have wronged not only the country of Iraq but the people of Iraq as well...in my thinking this is a big ticket item for them to look outside their own culture for this help...not only are they recognizing they can't do everything for themselves, they are recognizing the expertise that the world is willing to make available to them to right so many wrongs...new beginnings...an evolution of good things to come...watch for it...all IMO.
2-11-2017 Intel Guru ADMINBILL ACTIVITY IS SAID TO BEGIN MID-WEEK WITH EXCHANGES POSSIBLY BEGINNING FOR MOST CURRENCIES THEN. ALL INFO POINTS TO SOON. FROM WHAT I AM TOLD IT IS PROCESSING THROUGH WITH NO SPECIFIC END TIME WHICH IS WHY IT APPEARS TO BE A MOVING TARGET. [...has it not came to a stopping point till Mnunchin is confirmed?] I HEAR BOTH POINTS OF VIEW BUT I LEAN TO HE MUST BE CONFIRMED. TREASURY MUST SIGN OFF ON THIS IN MY OPINION. I DO NOT THINK THE PRESIDENT CAN SIGN OFF FOR THE SECRETARY OF THE TREASURY.
2-11-2017 Intel/Newshound Guru Mnt Goat The news today mostly centers around the final plan to liberated Mosul and the aftermath. We are seeing the preparations being made for this event and we are told it will occur very soon. The next issue facing Iraq is what will happen with the Mosul region once it is fully liberated and the troops are removed? Will the Iranian militants or another radical group fill the gap? We are told that the implementation of the National Reconciliation Law will provide solutions to these issues. We are also told this will be implemented post-Mosul liberation and is now ready and agreed to by all parties.
2-11-2017 Newshound Guru Breitling …Because now it’s impossible to cheat. What are they going to be forced to do? They [China] are going to be forced to add value to their currency. And Vietnam is going to add value to their currency. That’s what I anticipate coming down…whether it’s 2017, 2018 or 2019 I don’t know. I depend on numbers. i depend on policy and it helps me speculate. You need to concentrate on that word speculate. I don’t have a crystal ball…I believe in the reevaluation of the Vietnamese currency. But I don’t think the Vietnamese currency and the dinar are going to revalue at the same time and there is no sort of global reset. that’s the biggest lie I’ve ever heard. [Post 2 of 2]
2-11-2017 Newshound Guru loop Article: "Association of private banks is discussing with the US Treasury delegation and the reality of the Iraqi banking sector and its future Banks" So representatives from US Treasury, New York branch of the Federal Reserve, and the manager for the Bank of York flew all the way to Iraq to pat them on the back and say good job. This in and by itself is great news... However the more that I think about this the more convinced I am that there is more to their visit then what the news is reporting. STILL LOVING THE NEWS.
2-11-2017 Intel Guru Frank26 [...is this the first time the IQD has appeared on the forex?] No. But IMO...Very soon...It will be the FIRST TIME it will appear on Forex...With an International Rate and NOT a PR. (Program Rate). [so frank have the horses been let loose yet at the gate? is the 12th to the 15th still looking good? I think Monday they are going to vote on the treasury secretary.] IMO...Yes...Yes.
2-11-2017 Newshound Guru Breitling I have the Vietnamese currency and I’m watching very closely what’s going on with China. Vietnam competes with and follows China. If China lowers the value of it’s currency, Vietnam going to lower the value of it’s currency…because it’s a competing labor force. It’s what those countries have. If China raises the value of it’s currency, Vietnam’s going to follow. So what’s on the table for China? The reason they can lower the value of their currency is because the number one market is the United States. We are the biggest consumer on the planet. And if there’s no tariffs then guess what? They can devalue their currency all they want. But the minute we put tariffs on anything coming into the United States from China then it’s a bad idea to lower the value of your currency…. [Post 1 of 2 Stay tuned for the rest of the story ]
2-11-2017 Intel Guru ADMINBILL ...IT IS MY PERSONAL OPINION THAT WITHOUT STEVE MNUCHIN SWORN IN AND IN PLACE AS THE NEW SECRETARY OF THE TREASURY WE WILL NOT SEE THE RV. THE FULL SENATE VOTE FOR STEVE MNUCHIN HAS BEEN MOVED TO MONDAY EVENING BY THE SENATE LEADER TO "AVOID A RARE SATURDAY SESSION". THEREFORE IT IS MY HUMBLE OPINION THAT WE MAY SEE NEAR IMMEDIATE ACTION COMMENCING TUESDAY OF NEXT WEEK. THE INFORMATION I FORMED MY PREVIOUS PREDICTION ON IS BASED UPON SOLID INFORMATION AND IS STILL VALID ALTHOUGH I BELIEVE THE TRIGGER TO COMMENCE IS STEVE MNUCHIN. I MAY BE COMPLETELY OFF BASE BUT I BELIEVE THIS IS AN ACCURATE SUMMATION OF WHERE WE ARE TODAY.
2-10-2017 Intel Guru RayRen98 [Do you believe this RV will be this month or year?] A: Yes, and yes. My intel says that the banks are ready for this to pop – they see rates and receive memos, but still no forward movement. That is a question mark, and we wait. In Iraq, my best people there are saying ”it’s done”...They keep saying “it’s done”, and they are waiting for things to happen, too. There is definitely progress... The CBI has not changed their rate for a month, and everyone over there knows that something is going on. We are in a holding pattern still. I did expect movement this week, and there was some over there, but the changes here didn’t move as much as I expected. I can see this happening this weekend, next week, any time this month...but I cannot lock in on a date because there are still a few pieces missing.
2-10-2017 Intel/Newshound Guru tman23 Article quote: "Iraq on Verge of Bankruptcy: MP...MP Sarhan Slivanayi said if the Iraqi government does not depend on the Central Bank of Iraq (CBI) to withdraw money from, there remains nothing for it to count on. Salaries and the budget depends on the international loans and using up Iraq's reserved funds." ...BETTER GETTER DONE...OTHERWISE AS I HAVE SAID MANY A TIMES...IRAQ BY DEFINITION IS BANKRUPT...THE TIME TO ASK FOR ANOTHER LIFE SAVER TO BE TOSSED...SO THEY CAN FLOAT ALONG HAS PAST...TALK ABOUT BEING IN A CORNER!...GOOD FOR US!
2-10-2017 Newshound Guru loop Article: "Association of private banks is discussing with the US Treasury delegation and the reality of the Iraqi banking sector and its future Banks" The Association of Private Banks had a meeting. Look who was there! Look at the focus of the meeting. Current efforts to combat terrorist financing and money laundering as well as continued training of employees in the aforementioned areas and providing the best banking services. John Sullivan, the US Treasury representative currently stationed at the the US Embassy in Baghdad, "expressed appreciation" for their efforts. John Sullivan is the same person who made the statement back in December that Iraq has accomplished more financial sector reforms during 2016 then in the previous 13 years combined. We continue to see outside financial/banking concerns expressing how well Iraq is doing with reforms in this area. They still have lots of work to do, but they continue to take the needed steps to enter the global financial markets again...IMO.
2-10-2017 Intel Guru Bruce Another thing is we also heard that the cabinet positions have been moving along slowly. The confirming of the Secretary of Treasury and the swearing in the Secretary of Treasury. Both are important to us. Is that the actual trigger? That is what we are hearing. We will see. I would say over the next couple of days from Friday and Saturday all looking beautiful. I think we are really in great shape. [post 2 of 2]
2-10-2017 Intel Guru Bruce Let’s talk about Iraq...My understanding was the President was going to have a private call with Prime Minister Abadi of Iraq and that occurred about 3pm [Thursday]. The affects of that were very positive for us. We heard Iraq will change or already changed the way they take reservation for their flights in and out of Iraq and ticketing in US dollars to be changed over to Iraqi Dinar...that ultimately this moves the dollar out of that system and brings the Iraqi Dinar at some rate. It has to be at a revalued rate. Maybe not the final end all rate but a newly revalued rate. That is a very positive thing. My understanding is that was done or talked about being done. The call that took place little after 3pm may have moved things along for us a bit quicker than they anticipated. [post 1 of 2....stay tuned]
2-10-2017 Intel/Newshound Guru Mnt Goat I do not normally talk much about the banks but I will make an exception today. Earlier this week I was called by my banker who told me that a fresh set of rates appeared and he was called by the head office to anticipate currency rates going live very soon. So we know the rates have been re-run and refreshed downstream to the banks. We know this operation is done in the USA and so it already tricked down to European banks. Could they change again and get refreshed again? Yes – but this usually means they could go live soon, as I was told... The bank manager is a friend of mine...So no rumored bank stories here. This could mean something or it may not. But it was a tid bit I thought I would share.
2-10-2017 Newshound Guru MadDScout "A parliamentary committee proposes assigning state - owned companies to guarantee deposits of private banks" This is trying to create FDIC (like) insurance for deposits... I think it would be very important if one wants to regain trust in the banking industry in Iraq...And the advances in the ecommerce are helping also. A report 2 days ago says Iraqi spending is up 70-80%. We have been seeing these steps recently all being put forward...There is much work going on even if the 3 zero project appears on hold... The project only waits on the right conditions...
2-10-2017 Newshound Guru Breitling ….We’ll wake up and just find out. At what rate? At what pace? We don’t know…let’s say it revalues at .05 cents or .10 cents… I’ve been trying to talk people into understanding what could happen and not jumping off a stinking bridge or jumping out of a basement window because it doesn’t come out at a dollar seven the first night. The value will go up. It will progress. The value will keep going up….don’t get stuck on the day it’s going to revalue and what it is. It’s going to take a while to trend...and how the market in Iraq reacts. It’s not a magic wand. It never was and never will be.
2-10-2017 Intel Guru Frank26 I was talking to some of my friends...who have invested for many, many years in Iraq...like 8 years now...my friends have established businesses in Iraq...not profitable at a program yet...they haven’t made a penny…but they are in IRAQ! One of them told me that they have these ATM machines...and the CBI wanted them to install the ATM machines. So they did...and he said that “we’ve got over 1,000 machines in the Northern region of Iraq...but they are NOT programmed yet for the new monetary platform that they are trying to establish. The software is different. The old machines don’t recognize the lower denoms. You know what’s on this ATM? “MASTERCARD” with their big logo...which says “INTERNATIONAL”.
2-10-2017 Newshound Guru loop Article: "A parliamentary committee proposes assigning state - owned companies to guarantee deposits of private banks" Quote: "Parliamentary Finance Committee has proposed converting an Iraqi insurance companies to the guarantor institution to domestic banks in order to restore trust between the citizen and the banks." This is something right out of the IMF SBA banking reforms. They need to guarantee those deposits and it appears that they have figured out a way to do just that. If the citizens do not trust the banks the economy will struggle. The banks need the liquidity.
2-9-2017 Intel Guru Frank26 In addition...the eDinars were launched! Why are they important for the US Treasury and the IMF? eDinars represent SECURITY and STABILITY. From the 12th to the 15th of February. [Guru] Delta and I believe this to be a good window to see a change in the rate. IMO...from the 12th...if they wanted too...they could approve a NEW RATE for their currency...then 3 days later...legally...they could put it in the UN Operational Rates on the 15-16th. Isn’t that interesting? The coming weeks...they have BIG reasons to lift the 3 zeros from exchange rate...and bring back the GLORY DAYS of the IQD. [post 3 of 3]
2-9-2017 Intel Guru Frank26 On the spreadsheet...CBI website...the cash portion that was being shown on the Arabic side...auctions stopped...on Monday. No more numbers of cash...No more credit numbers...No more remittances for world transfers. Everything ...is gone...just like the rate did on the 4th. So...can all banks in Iraq do transactions internationally freely ...on their own? Yes! Now the CBI doesn’t have to do all of the work (paperwork) to move money for the banks. Those days are gone! No more CBI telling the bank branches how to do international transfers. This is a BIG step of the monetary reform! Moving from MANUAL to ELECTRONIC to do business with an international world! The only thing that is missing is an INTERNATIONALLY accepted RATE...NOT a program rate. [post 2 of 3....stay tuned]
2-9-2017 Intel Guru Frank26 [Guru] Delta...said that the CBI website has...No program rate since the 4th of January...The cash portions haven’t been labeled...There are no LOC’s in the auctions – anywhere...Now the auctions don’t even show any remittances. The CBI met at 10am on Tuesday with many, many big bank managers in Iraq and they talked...about their INTERNATIONAL banking structures...money transfers...and WHEN they are planning on going INTERNATIONAL. ...have you seen any auction lately at the CBI? No! No more auctions! No more MCP’s? We are inching closer and closer to what the UST and the IMF wants... ...don’t forget the IBAN and the SWIFT codes – they are also ready. Have they been APPLIED? Yes! All the IBAN numbers are established. All of the banks in Iraq now have IBAN numbers! ...the IBAN has been active since January 2nd. Oh man! We are INTERNATIONAL! ...this is very exciting! Another indicator that the monetary reform is SOLIDLY in place and ACTIVE! Very exciting! [post 1 of 3....stay tuned]
2-9-2017 Newshound Guru Kaperoni Article: "Source for "tomorrow Press": Ministry of Transport decides to adopt Iraqi currency instead of foreign selling tickets" Quote: "The source pointed to "the impossibility of receiving the amount of ticket sales in Iraqi dinars on the basis of the US dollar because of the exchange rate variation in local markets." A step towards convertibility! "Exchange rate variation" is referring to the spread. Or market price which has come down a bit in recent weeks (from 1300 to now about 1280). They appear apprehensive to sell tickets in dinar until the market price is stable in Iraq. It has nothing to do with the CBI price of the dinar/dollar. But like I said, since they are talking about selling tickets in dinar, it is a good thing and a move towards what we all want which is international convertibility. Keep in mind the airline states that their system is currently selling tickets based on dollars ($). Which makes sense. Allowing some to begin to buy tickets in dinars is a good sign of what is to come.
2-9-2017 Intel Guru ADMINBILL EXPECTANT NOW THROUGH SATURDAY. ALL CURRENCIES.
2-9-2017 Newshound Guru loop Article: "US Treasury pays tribute to the fight against the central bank for the financing of terrorism and money laundering" The US Treasury is pleased at the speed in which Iraq has gotten the electronic system to monitor the movement of the money in and out of Iraq up and running. This shows just how serious Iraq is about stopping the financing of terrorism and money laundering. Which is a huge part of the IMF SBA. Remember that 83 people just finished a training with KPMG last week and before that there were multiple articles about trainings of how to detect suspicious activity. THIS NEWS IS SO ENCOURAGING. THEY ARE DOING WHAT THEY NEED TO IN ORDER TO ENTER THE FREE MARKET IN SOME FASHION.
2-9-2017 Intel/Newshound Guru Mnt Goat I am told his voice sounded very optimistic and the government is now coordinating other tasks to coincide with the completion of this event. Part of these “other" events coinciding could mean the revaluation of the Iraqi dinar. This would provide the needed catalyst to spark the economy. From all I am hearing, reading and surmising it could happen anytime between the “full” liberalization of Mosul announcement is made by Abadi to a few weeks afterwards. Remember we are still well within the EARLY 2017 timeframe. Just my opinion – If they continue to progress in western Mosul as they are moving forward at their current pace they should be completed at the latest by end of next week. ...Give the CBI time to swing into movement and complete the final tasks necessary and we might see some rate movement by the end of February. For a farthest out timeframe (if you want one) I could say the end of March.
2-9-2017 Intel/Newshound Guru Mnt Goat Yes – there was a positive end of year 2015 into the early January 2016 timeframe for the RV. This target was missed due to a delay in dislodging ISIS fully from the Mosul region by the end of the year. This event was planned for to coincide with the end of the year. What I am hearing now is that just recently the US ground forces coordinated with air support have taken over the operations of freeing western Mosul and are aggressively preparing to forward in the coming days, anticipating a completion in the very near future. ...My source in Iraq has recently told me that the prime minister Abadi has recently made a speech on the Iraqi news channels. He stated that the completion...of the economic and financial reforms and the implementation of the Reconciliation law hinge now on the completion of this task at hand of fighting with ISIS. [post 1 of 2....stay tuned]
2-9-2017 Newshound Guru loop [...according to the SIGRE report_"In April 2012, the CoM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013..." - they truely were planning an RV back in 2013!] It means that the US Gov is aware of their plans to increase the value of there currency. This is one of the biggest clues that we are on the right track.
2-9-2017 Newshound/Intel Guru BGG ...early 2017 (according to all the real sources) is still a real forecast.
2-9-2017 Newshound Guru Phillyman The timing of the stability that the CBI is looking for is the million dollar question. ...an article...said that the campaigns to take Mosul and Raqqa would end in the next six months. Praying its sooner. The same article talked about Trump wanting a plan to accelerate the defeat of ISIS, the plan is due out later this month. Money continues to pour into Iraq with Japan just agreeing to a 100 million dollar loan. Sadr is stirring up the protesters again as they look for those much promised reforms and an end to corruption. Hard to imagine this isn't our year.
2-8-2017 Intel Guru ADMINBILL I BELIEVE WE ARE NEAR THE VERY END THIS WEEK. IT IS MY PERSONAL OPINION THAT IRAQ DOES NOT NEED TO BE IN "FULL CONTROL" FOR THE RV TO OCCUR. WHEN IS ANY COUNTRY IN FULL CONTROL UNLESS THEY ARE A SOLID DICTATORSHIP AND EVEN THAT DOES NOT LAST. [...you feel this week is it?] ACCORDING TO EVERYTHING I AM HEARING YES, THIS WEEK LOOKS VERY GOOD FOR THE INITIATION OF THE PROCESS.
2-8-2017 Intel Guru RayRen98 Mosul is being reported again after a quiet weekend, with ISIL being trapped on the western side of Mosul. The best part is Abadi saying after his speech that Mosul will be liberated in record time, and then Abadi will come to DC. I believe that visit has already been scheduled... They are holding off on the National Reconciliation and full economic reforms so they can take place at the same time, after the complete liberation of Mosul. ...I think we can go to the end of the week feeling rather good. This is our time, and we are just waiting for the right hour and day to do what we have been waiting for, to make it pay off. [post 2 of 2]
2-8-2017 Intel Guru RayRen98 ...in the USA – 42 banks are now dealing with the dinar. The rates still stink, but at least we are in control – we are waiting for the rates to be what we want them to be, but we can choose to exchange. We are no longer waiting for permission although we are waiting for favorable conditions. Those conditions are not there today, but who knows what they will be tomorrow? Some banks have initiated foreign currency training programs to more employees: how to process those currencies, and what will take place during exchanges. The banks were sent a message telling them to get ready. We don’t know what is preventing forward motion – maybe waiting for Iraq to make their final move. [post 1 of 2....stay tuned]
2-8-2017 Intel Guru Bruce ...at 5pm EST today [Tuesday], we got word through contacts at Chase Bank and at Citibank on two different coasts that the banks with foreign currency departments inside the branches...were to begin contacting people, their clients or people that purchased currency they know about...to set up exchanges for them to come in and exchange at the screen rates. We know the rates are on all the screens at the banks. We heard some very good rates on Dinar and Dong. The rates are higher than we thought they would be...quite a bit higher. That is exciting. I think this is an amazing time...Maybe not tonight [Tuesday], but it could or it could happen the next couple of days.
2-8-2017 Intel Guru Frank26 In the last few days articles have been out about...the country’s National Reconciliation...if they are talking to you NOW about the National Reconciliation it is because it is very extremely important... IMO...the National Reconciliation Law is the end of everything… IMO the National Reconciliation is everything we are involved with as a study...the Economic Reform...to the Monetary Reform...to the budget...to the Qi Cards...the HCL...to the Security and Stability that will come...to Mosul…to me it is all wrapped up in the National Reconciliation Law...everything is encompassed in the National Reconciliation Law...it encompasses so many things and above all things...the Monetary Reform. IMO when you see the NRL we are going to be so close to seeing the Monetary Reform being announced. I believe this National Reconciliation Law as it is being put forward in Iraq is moving forward at the speed of light...because I believe they are kind of tied together with the results of Mosul because once we have Mosul everything inside of the NRL is going to travel at the speed of light…and of course the Monetary Reform is the number one thing...
2-8-2017 Intel/Newshound Guru tman23 So many sectors throughout Iraq in the past week or so taking a "pause"...then coming back on line... It could be business as usual and we were unaware...or it could be a final accounting of the numbers before they open the blinds to the window of transparency...
2-8-2017 Newshound Guru loop Article: "Sabri: government measures raise customs state revenues" Iraq went from collecting 1/2 a billions dinars in customs duties in Jan 2016 to finishing the year with 24 billion dinars collect for the entire year. More than quadrupling January 2016 custom duties every month. And they are still fixing working on fixing some of the issues that have come to light at some of the points of entry. Again this is right in line with the IMF's SBA.
2-8-2017 Intel Guru Bruce I got word from one of our sources in Iraq...that Prime Minister Abadi announced that the gangs and forces for dash or ISIS had essentially laid down and retreated and are no longer a militarian threat. This was announced in Iraq. We have not seen this on the news here. It could be coming up here quickly. A lot of positive things taking place in Iraq and we are sort of looking for a public revelation what their new rate is and that would be put out internationally. That could be the next from of announcement we get from Iraq. Iraq has done basically all they need to do, and ISIS is no longer a threat in Iraq according to Prime Minister Abadi.
2-15-2017 Newshound Guru Aggiedad77 Article: "Iraq looking for partners to finance the 4500 project laggard in excess of $ 5 trillion dinars" ...articles today are so focused on bringing investors in...looking for external help to get their economy back on track...working with existing projects to get them jump started again...this all screams of Economic Reform... Monetary Reform...but it bellows IMO...a rate change that has to be on the edge of the cliff ready to push Iraq into some kind of warp speed as a real time player in the international world...it's coming...and I'm not sure much of anything can stop it...the BEST is on the way...IMO.
2-15-2017 Newshound Guru Adam Montana ...to get right into it - no HCL, no RV. [Do you think that the actions of President Trump toward the Arab nations (especially Iraq) will have a negative impact on the RV of the Dinars?] Not at all, actually! I see positive things happening, not negative.
2-15-2017 Intel Guru Frank26 IMO...the UST put a ban on the USD inside of Iraq. That’s why it’s TIME’S UP! The USD is not to be used anymore for interior transactions...they are to use eDinars. IMO...all agencies have their hands off...everything is in the hands of Abadi and the CBI. It’s now time for Iraq to bring out the new rate...and I believe the time is now. We have never been to this phase before. Congratulations Iraq. Another 45,000 troops...not for Mosul...but to protect Iraq...POST MOSUL. Figure that one out! First time...we’ve ever seen this progress is ONLY waiting for the indicative rate...which has been missing for over 40 days now. Yes, Mr. Trump gave a beautiful speech about currencies...and value for value. The IMF recently that the US will pump-up the world’s economy. For the IMF to say that to the world...that is currency evolution. There is no rate on the UN Operational Rates chart. Yes, and that’s because there is no rate on Iraq’s spreadsheet. There is nothing random here...everything well orchestrated. I am expecting something. IMO … we are very close. TIME IS UP...LET’S ROLL!
2-14-2017 Newshound Guru loop If they (IMF, WB, UN, UST) pushed them out of the nest, when they were not ready (as some have alluded to) their economy would go splat on the ground like Wylie Coyote. And there is no way they (the world ) want that to happen. Just look at their actions that they have taken to guide Iraq in getting this right.
2-15-2017 Intel Guru Frank26 Article: "Dong strengthens against US dollar in early 2017" Nam is the child of China...China loves to devalue and take advantage of world trade...IF...China devalued as they threaten...do You think the Dong would Revalue? It would be dragged down...Just look at it's currency value fluctuation in the last two years. Nam IMO...HAS to obey China in all things or they would be suffocated by their rule over them. USA would be helpless to only watch...Because war would be...Illogical when there are other markets more stable and secured...Sooooooooo...i and You need to pray China OBEYS President Trump to...PLAY FAIR! The Dong IMO is a good investment...Just don't know the date nor rate...BUT hence why i suggest more than a year away.
2-15-2017 Intel Guru Bruce ...we heard in Iraq...that they did get their smart cards charged up at the new rate. Beyond that, everything seems to be moving where we should be there. We are hearing the work taking place to remove ISIS is happening. There are a lot of Special forces from about 6 different countries that are combining to put a strong effort together to rid ourselves of that situation not only there in the Middle East, but around the world. So we are in the midst of a lot of activity now. Sounds to me like we are just getting ready for this to go down for us. We are in a great position for this to go through... Not going to call it. We thought we have it before tonight [Tuesday], but hearing good things, good info pointing to the next few days. I think we are that close guys, really good shape to come through for us. I just got confirmation on the John Q Public in the range of February 20th. [post 2 of 2]
2-15-2017 Intel Guru Bruce We were looking for Steve Mnuchin to be sworn in as Secretary of the Treasury...He did get sworn in...and...I can’t verify this, only hearsay, that he needed to be in sworn in and be in that position for 24 hour before we went. If that is true then...Maybe we are at that point we can go forward. We heard today a tweet went out talking about leveraging the Dong. It ends up that if there was leverage it was at the bank’s end and not at our end. We haven’t been able to find good confirmation whether the Dong at teaser rates from 30 cents to 50 cents on the Dong was actually exchanged. It would be interesting if it is occurring...however... I can’t get it proven to me. [post 1 of 2....stay tuned]
2-14-2017 Newshound/Intel Guru BGG Iraq NEEDS INTERNATIONAL ACCEPTANCE in the worst way - they don't "self-determine" that...they have to garner such support. Who cares what you price your "product" (ie; currency) at - if no one will buy it? Saddam found that out the hard way...anyone recall what happened when the CBI went out and tried to peddle their first bond offering last year? WITHOUT INTERNATIONAL ACCEPTANCE? nothing...zip...crickets. why? they hadn't quite met the mark just yet...and they were a little ahead of the game. Now - even this AM, we've got MP's coming out saying there will be NO SECTARIANISM in Iraq ever again...they may not have it all figured out just yet - but they are getting feel of the song...and these vibes (from the world community) is what I said TO BANK ON... mainly because it's the trend line I'm seeing in the News - period. No prediction needed. Iraq appears to have a few items to take care of yet... and they look like they are well on their way to giving the world community what they've been asked for.
2-14-2017 Newshound Guru Kaperoni Article: "Egypt: Inflation rose nearly 30 percent in January" IMO, Egypt only has tourism... Iraq has wealth way beyond oil, gems, gold, etc. If timed correctly I do not see the dinar going anywhere but up. The dinar is so grossly undervalued, even if they do not have fluid investment coming in, I believe the dinar still will rise substantially.
2-14-2017 Intel/Newshound Guru Mnt Goat I find it very funny now how many...are only now jumping onboard the ship and coming to the reality that perhaps it is the final liberalization and the enactment of the reconciliation law effort waiting for the RV. This will give Iraq the STABILITY and SECURITY it needs to allow the CBI to implement the next phase of the currency reform that of the project to delete the zeros. But hold on everyone! ...there is still the problem with the Iranian influence. This issue has been the major reason Iraq is in this war with ISIS in the first place. This is the reason why it is so hard to have peace and security in Iraq. So when Abadi officially announces the “full” liberation of Iraq there will still be this lingering issue. So it is not over till it’s over. So today we hear news that the newly elected Trump is cracking down on Iran and telling them to get out of Iraq. Again he is flexing the muscles of the USA military. He is walking tall and carrying a big stick! My personal feeling is that - ITS ABOUT TIME!
2-14-2017 Newshound Guru loop Article quotes: "Business in various countries around the world accomplish depends on the performance level of the institutions involved and the speed of service provided to the citizen and the company and of course here can be measured by the extent of the development of any country the world." "the size of a large work is almost not available in all countries of the world" THIS IS WHAT IS ATTRACTING SO MANY COUNTRIES. Quote: "to be the basis of national duty starting a new phase reaches us safely economic" IT IS THE DUTY OF THE GOI TO ENSURE THE IRAQ TRANSITIONS INTO THE NEXT ECONOMIC PHASE SAFELY. WHAT IS THAT PHASE? IMO... JOINING THE WORLD MARKETS.
2-14-2017 Newshound Guru Kaperoni Article: "Egypt: Inflation rose nearly 30 percent in January" Quote: "The floatation was part of a package of reforms introduced to secure an IMF loan of $12 billion to overhaul the economy." I do expect Iraq to follow suit once ISIL is gone from Iraq. The result will be different of course because Iraq has so much more to offer than Egypt. The key here is the float is part of the IMF reform program.
2-14-2017 Intel Guru Frank26 There is a period...that I call 72...72 hours...and IMO...the 72 HOURS...we STRONGLY agree that this period started WEDNESDAY into THURSDAY. That was on the 8th. On Saturday night... TIMES UP...and I was hoping to see a number on Sunday morning. What happened? Did something go wrong? No! Iraq is a sovereign country...and they can do it when they want...and boy oh boy are they getting ready too! [post 3 of 3]
2-14-2017 Intel Guru Frank26 AIRLINE TICKETS...told not to take anything but IQD... more MCP evidence. This means that Iraq...at that moment...had control of their currency. Once Iraq switches over...only accepting/using IQD...this is a MONSTEROUS STEP...all done within the 1st quarter of 2017. MCP...this is a huge thing with the IMF. Since the 4th of January...the indicative rate TOOK OFF! Since then...Iraq was not really in charge of their rate anymore. That’s why the CBI is WAITING...on the IMF...waiting for the new numbers to come out. The testing of the NEW NUMBERS...it went perfect! These NEW NUMBERS...everyone is now waiting. [post 2 of 3....stay tuned]
2-14-2017 Intel Guru Frank26 Abadi and the CBI...pay close attention to what the IMF wants of them. In my opinion ...I expressed why...the TIME WAS UP for Iraq and their monetary reform. The IMF is the governing agency...tries to EQUALIZE world currencies. As you know, China is a currency manipulator. You saw what happened in Iraq with the MCP (multiple currency practice). You don’t see an indicative rate on the CBI’s website. The EVIDENCE points... 28...ARTICLES...to the fact that they are...IMO...doing that! TIME IS UP...IRAQ... YOU’VE GOT TO RAISE YOUR RATE NOW! [post 1 of 3....stay tuned]
2-14-2017 Intel/Newshound Guru Backdoc MUCH HAS BEEN SAID ABOUT IRAQS' BUDGET (AS WE ALL KNOW) EVEN TODAY, IRAQ SPEAKS OF MAKING AMENDMENTS TO THE BUDGET ALREADY. WELL, WE HAVE A GOOD IDEA WHAT THOSE AMENDMENTS ARE FOR, DON'T WE? Hee Hee.
2-14-2017 Newshound Guru mike Article: "Parliamentary Finance: Iraq's debt exceeded $ 100 billion" Quote: "Iraq's debt exceeded $ 100 billion, and divided by $ 35 billion internal debts and $ 70 billion in foreign debt, and came because of the government's borrowing to fill the budget deficit during the past three years". ...the $35 billion is part of the bonds that the CBI bought from the GOI, it was a workaround for the law preventing the CBI from loaning directly to the government. I've been watching these guys flounder around for the past two years, all the while the reserves are eroding. And still, no movement on the open market economy... News flash, Iraq, building your economy and creating trust in your banks takes years to get off the ground, you've wasted enough time. Iraq's credit rating will never improve with this type of financial performance. Your move, Abadi.
2-13-2017 Intel/Newshound Guru Backdoc [...you made reference to the end of february and be ready for the 1st of march...do you really feel we have another two weeks to wait to see the un operational rates activated?] THE NEW DOLLAR AND THE E-DINAR COULD BE REVEALED AT ANY TIME BUT IT MIGHT BE A FEW MORE DAYS BEFORE THE PUBLIC VIEWS WHAT IS BEING CURRENTLY HIDDEN FROM VIEW. TRUMP WILL BEGIN TO ROLL OUT HIS PLAN SOON AND IT WILL START IN THE HANDS OF HIS PUBLIC MOUTH PIECE, ALL EYES WILL SOON BE ON POTUS AND MUNCHKIN MAN AS THE ROLLOUT BEGINS! UN RATES WILL BE WHERE THEY WANT THEM WHEN THEY WANT THEM AND NOT BEFORE. THE UST IS IN CHARGE! THE WORLDS STANDARD OF VALUE IS ABOUT TO CHANGE AND THE WORLD WILL SEE ALL TRADE AND SHIPPING COME TO A TRADE PARITY... [post 2 of 2]
2-13-2017 Intel/Newshound Guru Backdoc I BELIEVE THAT "MUNCHKIN MAN" (Mr. Mnuchin) HAS BEEN IN SINCE FRIDAY OF LAST WEEK...BUT OF COURSE TONIGHT WILL MAKE IT OFFICIAL PUBLICLY. REMEMBER WHY THE U.S. TREASURY WAS IN IRAQ, THEY ACTIVATED THE NEW ASSET-BACKED DIGITAL (BLOCKCHAIN) DOLLAR WHICH WE KNOW IS DESCRIBED BY BETTER SPEED, EFFICIENCY, AND SECURITY! YES, THIS ALLOWS THE SYMBIOTIC MARRIAGE OF THE E-DINARS TO BE ACTIVATED! THE TRUMP CARD WILL SOON BE PLAYED TO THE PUBLIC AS POTUS BEGINS TO MAKE HIS PUBLIC TAX PLAN KNOWN OVER THE NEXT 2.5 WEEKS AS HE SAID. THE PUBLIC EXPRESSION ON THE SURFACE IS JUST AS IMPORTANT AS WHAT WILL BE DONE BEHIND THE SCENES. MY GUESS IS "MUNCHKIN MAN" IS BEING PROTECTED TO DO HIS IMPORTANT WORK. THE 2.5 WEEKS LINES UP NICELY WITH THE NEW UN OPERATIONAL RATES TO BE UPDATED IN FEBRUARY AND TO BE SEEN ON MARCH 1ST! [post 1 of 2....stay tuned]
2-13-2017 Intel Guru RayRen98 We heard some possibilities on Friday but they didn’t come through. As for Iraqi news...The CBI still has not updated their rates after 30+ days; something is going on there. The UN rates are usually updated by now as well, but there is no new posting yet, no indications. ...my best source keeps saying “it’s done, just be patient.” Over here...I’ve received information that some banks have started contacting large currency holders, although I don’t yet know why. Some members are being told to check in every day because the banks think something might happen. Somebody must be expecting changes pretty darn soon. Some believe that swearing in the Secretary of the Treasury will get the ball rolling, and others think it is already rolling. I really don’t know if that is relevant. Things are looking good and there are several indicators that this will be a good week.
2-13-2017 Intel Guru ADMINBILL THIS SHOULD BE A VERY INTERESTING WEEK FOR US ALL. DO NOT LOOK FOR AN EVENT TO OCCUR FATHER SIT BACK AND BE READY TO TAKE ACTION. BASED UPON WHAT I HAVE BEEN INFORMED THE PROCESS IS NEARING AN END AND SHOULD BE COMPLETED THIS WEEK. I AM NOT SURE WHEN EACH CURRENCY WILL ROLL OUT NOR DO I CARE. ONCE IT STARTS WE WILL KNOW THE REST WILL FOLLOW AND THAT IS ALL THAT MATTERS...WE WILL BE HAPPY.
2-13-2017 Newshound/Intel Guru BGG [Can someone explain why this CANNOT revalue at .05? and I mean CANNOT, not why you THINK it won't. In addition, if it does increase to that number, it's still considered an RV and increase in purchasing power, much more than they have now. DO they HAVE TO RV? Do they HAVE TO increase to a logial rate?...] 1) It can easily "revalue" to .05 - fact... will it?... 2) It would be considered some kind of "upping" of purchasing power - but won't change my calculus ONE LITTLE BIT. NOT ONE... 3) Do they have to? Maybe not - but it is clear they WANT TO - IN THE WORST WAY... bad enough the are taking their Q's from the UN, IMF and WB - BANK ON IT.
2-13-2017 Intel Guru Frank26 Time is up...We do not give you a date...we do not give you a rate. There is a period of 72 hours that would be given to Iraq and IMO the 72 hours is up. The 72 hours began when all of the agencies, the UN, IMF, WB were in agreement with Iraq...when all the work was complete...I believe they completed a lot of the steps of the Monetary Reform and the period of 72 hours is up, IMO. The 72 hours is a time to prepare in which Iraq would release a new rate and I believe that time is up. IMO, Iraq is being thrown off of a cliff like a baby eagle and we expect it to fly. This is a time to celebrate.
2-12-2017 Newshound/Intel Guru BGG & Newshound Guru loop [are you upbeat on the GOI and banking progress?] BIG TIME! HUGE PROGRESS... they are (probably) right at the doorstep of what they need done. Once a couple of things are done - they are fiscally ready to pull the trigger. IMHO. [What are those couple of things that need to be done?] We know that stability plays a major piece of this puzzle and form a banking standpoint I believe they are there. I have started coming to the realization that Mosul being ISIS free and a start of the national reconciliation may very well be what the IMF and the world bank are looking for. I am still very very optimistic about where we are. The big picture that their actions are pointing to is the main reason for this.
2-12-2017 Intel Guru Jester THEY ALREADY HAVE ALL THIS FIGURED OUT... AND WHEN THE TIME IS RIGHT THE CHANGE WILL START... IT TAKES TIME TO OVERTURN THE SYSTEM WITHOUT CRASHING IT... [Not asking for a date but do you think it will be months or possibly years...the system is soooo big?] CAN YOU NOT SEE IT HAPPENING BEFORE YOUR EYES? ...RESTRUCTURING THE ENTIRE SYSTEM IS HUGE... IT HAS BEEN A CORRUPT ENTITY FOR A LONG TIME... THE ONLY THING THAT TRUMP IS DOING IS MAKING FRIENDS WHERE WE DID NOT HAVE FRIENDS BEFORE SO WE ARE NOT LEFT OUT IN THE COLD WHEN THE TIME COMES...
2-12-2017 Newshound/Intel Guru BGG [What's your thoughts on...Trump, and what he said about the currencies yesterday?] I would take what he's saying as more of an illustration and not a "literal" statement. However, he seems to be very direct and means to do as he says...him having the "currency parity" stance and seeming to want to enforce that philosophy - IS VERY GOOD FOR US...Especially since Iraq is likely the most undervalued currency on the PLANET.
2-12-2017 Newshound Guru loop The banking sector is light years ahead of where it was just a year ago. All of their actions point to getting ready to for entry into the world markets. IMO.
2-12-2017 Newshound/Intel Guru BGG 2nd part...here's the real interesting question...WHY ON GOD'S GREEN EARTH does a private company all of the sudden decide they want to start taking in IQD (which is regarded by many in Iraq as WORTHLESS - and hard to deal with)? insisting on...them use IQD to pay for flights. this is what everyone is missing. The freemarket change in perception... ever so slight - but it just happened. ...they know what is coming soon...they are looking for appreciation - just like you and I. [post 2 of 2]
2-12-2017 Newshound/Intel Guru BGG [Have you got any follow up info on the...FOREX...and...the airlines?] I did some checking - the Forex jive is pure BOGUS... The IQD has been listed on many Forex platforms for a long time...whatever tiny fluctuations you see throughout the day are reflections of tiny moves in the currency they are "pegged to" - or paired with for a quote... NOT any change in status or value of the IQD (YET). [post 1 of 2....stay tuned]
2-12-2017 Intel/Newshound Guru Mnt Goat Article: "Mr. Ammar al-Hakim Kubiš: single community reconciliation task of the settlement vocabulary" Quote: “He said the two sides stressed that national reconciliation is the perfect choice for the post Daesh and exit Iraq from security and political crises”. So what does this statement by United Nations, Jan Kubiš mean? What is the significance to us? To me it means IMPLEMENTING the National Reconciliation is the SECURITY and political STABILITY we have been waiting for. Why have we been waiting for this? Because the CBI told us they “postponed” the project to delete the zeros until such time there is adequate STABILITY and SECURITY…WOW!...Its coming…
2-12-2017 Newshound/Intel Guru BGG [...your thots (thoughts) on the lack of updates by the cbi?] I'm not sure what to make of that - it is VERY DIFFERENT, NEW and WEIRD. I suspect it has something to do with what we are after - I just don't know exactly what...plenty of folks saying it's no big deal. (they would be wrong). the longest stretch I can remember in many years was 3 or 4 days. We are at 37 days and counting. P.S. I can recall nowhere the Iraqi constitution requires some rate change within 30 days of no posting (or any other combination of events ending in an RV).
2-12-2017 Newshound Guru Aggiedad77 Article quote: "And by a memorandum of understanding, it would have to all states to cooperate with the Iraqi state to recover the money stolen and smuggled, by virtue of the United Nations mandate and its impact on the international level." This is another HUGE piece of the puzzle...as pieces keep coming together...they keep being so transparent in new ways, showing the world what they are doing and just how serious they are at bringing to justice those who have wronged not only the country of Iraq but the people of Iraq as well...in my thinking this is a big ticket item for them to look outside their own culture for this help...not only are they recognizing they can't do everything for themselves, they are recognizing the expertise that the world is willing to make available to them to right so many wrongs...new beginnings...an evolution of good things to come...watch for it...all IMO.
2-11-2017 Intel Guru ADMINBILL ACTIVITY IS SAID TO BEGIN MID-WEEK WITH EXCHANGES POSSIBLY BEGINNING FOR MOST CURRENCIES THEN. ALL INFO POINTS TO SOON. FROM WHAT I AM TOLD IT IS PROCESSING THROUGH WITH NO SPECIFIC END TIME WHICH IS WHY IT APPEARS TO BE A MOVING TARGET. [...has it not came to a stopping point till Mnunchin is confirmed?] I HEAR BOTH POINTS OF VIEW BUT I LEAN TO HE MUST BE CONFIRMED. TREASURY MUST SIGN OFF ON THIS IN MY OPINION. I DO NOT THINK THE PRESIDENT CAN SIGN OFF FOR THE SECRETARY OF THE TREASURY.
2-11-2017 Intel/Newshound Guru Mnt Goat The news today mostly centers around the final plan to liberated Mosul and the aftermath. We are seeing the preparations being made for this event and we are told it will occur very soon. The next issue facing Iraq is what will happen with the Mosul region once it is fully liberated and the troops are removed? Will the Iranian militants or another radical group fill the gap? We are told that the implementation of the National Reconciliation Law will provide solutions to these issues. We are also told this will be implemented post-Mosul liberation and is now ready and agreed to by all parties.
2-11-2017 Newshound Guru Breitling …Because now it’s impossible to cheat. What are they going to be forced to do? They [China] are going to be forced to add value to their currency. And Vietnam is going to add value to their currency. That’s what I anticipate coming down…whether it’s 2017, 2018 or 2019 I don’t know. I depend on numbers. i depend on policy and it helps me speculate. You need to concentrate on that word speculate. I don’t have a crystal ball…I believe in the reevaluation of the Vietnamese currency. But I don’t think the Vietnamese currency and the dinar are going to revalue at the same time and there is no sort of global reset. that’s the biggest lie I’ve ever heard. [Post 2 of 2]
2-11-2017 Newshound Guru loop Article: "Association of private banks is discussing with the US Treasury delegation and the reality of the Iraqi banking sector and its future Banks" So representatives from US Treasury, New York branch of the Federal Reserve, and the manager for the Bank of York flew all the way to Iraq to pat them on the back and say good job. This in and by itself is great news... However the more that I think about this the more convinced I am that there is more to their visit then what the news is reporting. STILL LOVING THE NEWS.
2-11-2017 Intel Guru Frank26 [...is this the first time the IQD has appeared on the forex?] No. But IMO...Very soon...It will be the FIRST TIME it will appear on Forex...With an International Rate and NOT a PR. (Program Rate). [so frank have the horses been let loose yet at the gate? is the 12th to the 15th still looking good? I think Monday they are going to vote on the treasury secretary.] IMO...Yes...Yes.
2-11-2017 Newshound Guru Breitling I have the Vietnamese currency and I’m watching very closely what’s going on with China. Vietnam competes with and follows China. If China lowers the value of it’s currency, Vietnam going to lower the value of it’s currency…because it’s a competing labor force. It’s what those countries have. If China raises the value of it’s currency, Vietnam’s going to follow. So what’s on the table for China? The reason they can lower the value of their currency is because the number one market is the United States. We are the biggest consumer on the planet. And if there’s no tariffs then guess what? They can devalue their currency all they want. But the minute we put tariffs on anything coming into the United States from China then it’s a bad idea to lower the value of your currency…. [Post 1 of 2 Stay tuned for the rest of the story ]
2-11-2017 Intel Guru ADMINBILL ...IT IS MY PERSONAL OPINION THAT WITHOUT STEVE MNUCHIN SWORN IN AND IN PLACE AS THE NEW SECRETARY OF THE TREASURY WE WILL NOT SEE THE RV. THE FULL SENATE VOTE FOR STEVE MNUCHIN HAS BEEN MOVED TO MONDAY EVENING BY THE SENATE LEADER TO "AVOID A RARE SATURDAY SESSION". THEREFORE IT IS MY HUMBLE OPINION THAT WE MAY SEE NEAR IMMEDIATE ACTION COMMENCING TUESDAY OF NEXT WEEK. THE INFORMATION I FORMED MY PREVIOUS PREDICTION ON IS BASED UPON SOLID INFORMATION AND IS STILL VALID ALTHOUGH I BELIEVE THE TRIGGER TO COMMENCE IS STEVE MNUCHIN. I MAY BE COMPLETELY OFF BASE BUT I BELIEVE THIS IS AN ACCURATE SUMMATION OF WHERE WE ARE TODAY.
2-10-2017 Intel Guru RayRen98 [Do you believe this RV will be this month or year?] A: Yes, and yes. My intel says that the banks are ready for this to pop – they see rates and receive memos, but still no forward movement. That is a question mark, and we wait. In Iraq, my best people there are saying ”it’s done”...They keep saying “it’s done”, and they are waiting for things to happen, too. There is definitely progress... The CBI has not changed their rate for a month, and everyone over there knows that something is going on. We are in a holding pattern still. I did expect movement this week, and there was some over there, but the changes here didn’t move as much as I expected. I can see this happening this weekend, next week, any time this month...but I cannot lock in on a date because there are still a few pieces missing.
2-10-2017 Intel/Newshound Guru tman23 Article quote: "Iraq on Verge of Bankruptcy: MP...MP Sarhan Slivanayi said if the Iraqi government does not depend on the Central Bank of Iraq (CBI) to withdraw money from, there remains nothing for it to count on. Salaries and the budget depends on the international loans and using up Iraq's reserved funds." ...BETTER GETTER DONE...OTHERWISE AS I HAVE SAID MANY A TIMES...IRAQ BY DEFINITION IS BANKRUPT...THE TIME TO ASK FOR ANOTHER LIFE SAVER TO BE TOSSED...SO THEY CAN FLOAT ALONG HAS PAST...TALK ABOUT BEING IN A CORNER!...GOOD FOR US!
2-10-2017 Newshound Guru loop Article: "Association of private banks is discussing with the US Treasury delegation and the reality of the Iraqi banking sector and its future Banks" The Association of Private Banks had a meeting. Look who was there! Look at the focus of the meeting. Current efforts to combat terrorist financing and money laundering as well as continued training of employees in the aforementioned areas and providing the best banking services. John Sullivan, the US Treasury representative currently stationed at the the US Embassy in Baghdad, "expressed appreciation" for their efforts. John Sullivan is the same person who made the statement back in December that Iraq has accomplished more financial sector reforms during 2016 then in the previous 13 years combined. We continue to see outside financial/banking concerns expressing how well Iraq is doing with reforms in this area. They still have lots of work to do, but they continue to take the needed steps to enter the global financial markets again...IMO.
2-10-2017 Intel Guru Bruce Another thing is we also heard that the cabinet positions have been moving along slowly. The confirming of the Secretary of Treasury and the swearing in the Secretary of Treasury. Both are important to us. Is that the actual trigger? That is what we are hearing. We will see. I would say over the next couple of days from Friday and Saturday all looking beautiful. I think we are really in great shape. [post 2 of 2]
2-10-2017 Intel Guru Bruce Let’s talk about Iraq...My understanding was the President was going to have a private call with Prime Minister Abadi of Iraq and that occurred about 3pm [Thursday]. The affects of that were very positive for us. We heard Iraq will change or already changed the way they take reservation for their flights in and out of Iraq and ticketing in US dollars to be changed over to Iraqi Dinar...that ultimately this moves the dollar out of that system and brings the Iraqi Dinar at some rate. It has to be at a revalued rate. Maybe not the final end all rate but a newly revalued rate. That is a very positive thing. My understanding is that was done or talked about being done. The call that took place little after 3pm may have moved things along for us a bit quicker than they anticipated. [post 1 of 2....stay tuned]
2-10-2017 Intel/Newshound Guru Mnt Goat I do not normally talk much about the banks but I will make an exception today. Earlier this week I was called by my banker who told me that a fresh set of rates appeared and he was called by the head office to anticipate currency rates going live very soon. So we know the rates have been re-run and refreshed downstream to the banks. We know this operation is done in the USA and so it already tricked down to European banks. Could they change again and get refreshed again? Yes – but this usually means they could go live soon, as I was told... The bank manager is a friend of mine...So no rumored bank stories here. This could mean something or it may not. But it was a tid bit I thought I would share.
2-10-2017 Newshound Guru MadDScout "A parliamentary committee proposes assigning state - owned companies to guarantee deposits of private banks" This is trying to create FDIC (like) insurance for deposits... I think it would be very important if one wants to regain trust in the banking industry in Iraq...And the advances in the ecommerce are helping also. A report 2 days ago says Iraqi spending is up 70-80%. We have been seeing these steps recently all being put forward...There is much work going on even if the 3 zero project appears on hold... The project only waits on the right conditions...
2-10-2017 Newshound Guru Breitling ….We’ll wake up and just find out. At what rate? At what pace? We don’t know…let’s say it revalues at .05 cents or .10 cents… I’ve been trying to talk people into understanding what could happen and not jumping off a stinking bridge or jumping out of a basement window because it doesn’t come out at a dollar seven the first night. The value will go up. It will progress. The value will keep going up….don’t get stuck on the day it’s going to revalue and what it is. It’s going to take a while to trend...and how the market in Iraq reacts. It’s not a magic wand. It never was and never will be.
2-10-2017 Intel Guru Frank26 I was talking to some of my friends...who have invested for many, many years in Iraq...like 8 years now...my friends have established businesses in Iraq...not profitable at a program yet...they haven’t made a penny…but they are in IRAQ! One of them told me that they have these ATM machines...and the CBI wanted them to install the ATM machines. So they did...and he said that “we’ve got over 1,000 machines in the Northern region of Iraq...but they are NOT programmed yet for the new monetary platform that they are trying to establish. The software is different. The old machines don’t recognize the lower denoms. You know what’s on this ATM? “MASTERCARD” with their big logo...which says “INTERNATIONAL”.
2-10-2017 Newshound Guru loop Article: "A parliamentary committee proposes assigning state - owned companies to guarantee deposits of private banks" Quote: "Parliamentary Finance Committee has proposed converting an Iraqi insurance companies to the guarantor institution to domestic banks in order to restore trust between the citizen and the banks." This is something right out of the IMF SBA banking reforms. They need to guarantee those deposits and it appears that they have figured out a way to do just that. If the citizens do not trust the banks the economy will struggle. The banks need the liquidity.
2-9-2017 Intel Guru Frank26 In addition...the eDinars were launched! Why are they important for the US Treasury and the IMF? eDinars represent SECURITY and STABILITY. From the 12th to the 15th of February. [Guru] Delta and I believe this to be a good window to see a change in the rate. IMO...from the 12th...if they wanted too...they could approve a NEW RATE for their currency...then 3 days later...legally...they could put it in the UN Operational Rates on the 15-16th. Isn’t that interesting? The coming weeks...they have BIG reasons to lift the 3 zeros from exchange rate...and bring back the GLORY DAYS of the IQD. [post 3 of 3]
2-9-2017 Intel Guru Frank26 On the spreadsheet...CBI website...the cash portion that was being shown on the Arabic side...auctions stopped...on Monday. No more numbers of cash...No more credit numbers...No more remittances for world transfers. Everything ...is gone...just like the rate did on the 4th. So...can all banks in Iraq do transactions internationally freely ...on their own? Yes! Now the CBI doesn’t have to do all of the work (paperwork) to move money for the banks. Those days are gone! No more CBI telling the bank branches how to do international transfers. This is a BIG step of the monetary reform! Moving from MANUAL to ELECTRONIC to do business with an international world! The only thing that is missing is an INTERNATIONALLY accepted RATE...NOT a program rate. [post 2 of 3....stay tuned]
2-9-2017 Intel Guru Frank26 [Guru] Delta...said that the CBI website has...No program rate since the 4th of January...The cash portions haven’t been labeled...There are no LOC’s in the auctions – anywhere...Now the auctions don’t even show any remittances. The CBI met at 10am on Tuesday with many, many big bank managers in Iraq and they talked...about their INTERNATIONAL banking structures...money transfers...and WHEN they are planning on going INTERNATIONAL. ...have you seen any auction lately at the CBI? No! No more auctions! No more MCP’s? We are inching closer and closer to what the UST and the IMF wants... ...don’t forget the IBAN and the SWIFT codes – they are also ready. Have they been APPLIED? Yes! All the IBAN numbers are established. All of the banks in Iraq now have IBAN numbers! ...the IBAN has been active since January 2nd. Oh man! We are INTERNATIONAL! ...this is very exciting! Another indicator that the monetary reform is SOLIDLY in place and ACTIVE! Very exciting! [post 1 of 3....stay tuned]
2-9-2017 Newshound Guru Kaperoni Article: "Source for "tomorrow Press": Ministry of Transport decides to adopt Iraqi currency instead of foreign selling tickets" Quote: "The source pointed to "the impossibility of receiving the amount of ticket sales in Iraqi dinars on the basis of the US dollar because of the exchange rate variation in local markets." A step towards convertibility! "Exchange rate variation" is referring to the spread. Or market price which has come down a bit in recent weeks (from 1300 to now about 1280). They appear apprehensive to sell tickets in dinar until the market price is stable in Iraq. It has nothing to do with the CBI price of the dinar/dollar. But like I said, since they are talking about selling tickets in dinar, it is a good thing and a move towards what we all want which is international convertibility. Keep in mind the airline states that their system is currently selling tickets based on dollars ($). Which makes sense. Allowing some to begin to buy tickets in dinars is a good sign of what is to come.
2-9-2017 Intel Guru ADMINBILL EXPECTANT NOW THROUGH SATURDAY. ALL CURRENCIES.
2-9-2017 Newshound Guru loop Article: "US Treasury pays tribute to the fight against the central bank for the financing of terrorism and money laundering" The US Treasury is pleased at the speed in which Iraq has gotten the electronic system to monitor the movement of the money in and out of Iraq up and running. This shows just how serious Iraq is about stopping the financing of terrorism and money laundering. Which is a huge part of the IMF SBA. Remember that 83 people just finished a training with KPMG last week and before that there were multiple articles about trainings of how to detect suspicious activity. THIS NEWS IS SO ENCOURAGING. THEY ARE DOING WHAT THEY NEED TO IN ORDER TO ENTER THE FREE MARKET IN SOME FASHION.
2-9-2017 Intel/Newshound Guru Mnt Goat I am told his voice sounded very optimistic and the government is now coordinating other tasks to coincide with the completion of this event. Part of these “other" events coinciding could mean the revaluation of the Iraqi dinar. This would provide the needed catalyst to spark the economy. From all I am hearing, reading and surmising it could happen anytime between the “full” liberalization of Mosul announcement is made by Abadi to a few weeks afterwards. Remember we are still well within the EARLY 2017 timeframe. Just my opinion – If they continue to progress in western Mosul as they are moving forward at their current pace they should be completed at the latest by end of next week. ...Give the CBI time to swing into movement and complete the final tasks necessary and we might see some rate movement by the end of February. For a farthest out timeframe (if you want one) I could say the end of March.
2-9-2017 Intel/Newshound Guru Mnt Goat Yes – there was a positive end of year 2015 into the early January 2016 timeframe for the RV. This target was missed due to a delay in dislodging ISIS fully from the Mosul region by the end of the year. This event was planned for to coincide with the end of the year. What I am hearing now is that just recently the US ground forces coordinated with air support have taken over the operations of freeing western Mosul and are aggressively preparing to forward in the coming days, anticipating a completion in the very near future. ...My source in Iraq has recently told me that the prime minister Abadi has recently made a speech on the Iraqi news channels. He stated that the completion...of the economic and financial reforms and the implementation of the Reconciliation law hinge now on the completion of this task at hand of fighting with ISIS. [post 1 of 2....stay tuned]
2-9-2017 Newshound Guru loop [...according to the SIGRE report_"In April 2012, the CoM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013..." - they truely were planning an RV back in 2013!] It means that the US Gov is aware of their plans to increase the value of there currency. This is one of the biggest clues that we are on the right track.
2-9-2017 Newshound/Intel Guru BGG ...early 2017 (according to all the real sources) is still a real forecast.
2-9-2017 Newshound Guru Phillyman The timing of the stability that the CBI is looking for is the million dollar question. ...an article...said that the campaigns to take Mosul and Raqqa would end in the next six months. Praying its sooner. The same article talked about Trump wanting a plan to accelerate the defeat of ISIS, the plan is due out later this month. Money continues to pour into Iraq with Japan just agreeing to a 100 million dollar loan. Sadr is stirring up the protesters again as they look for those much promised reforms and an end to corruption. Hard to imagine this isn't our year.
2-8-2017 Intel Guru ADMINBILL I BELIEVE WE ARE NEAR THE VERY END THIS WEEK. IT IS MY PERSONAL OPINION THAT IRAQ DOES NOT NEED TO BE IN "FULL CONTROL" FOR THE RV TO OCCUR. WHEN IS ANY COUNTRY IN FULL CONTROL UNLESS THEY ARE A SOLID DICTATORSHIP AND EVEN THAT DOES NOT LAST. [...you feel this week is it?] ACCORDING TO EVERYTHING I AM HEARING YES, THIS WEEK LOOKS VERY GOOD FOR THE INITIATION OF THE PROCESS.
2-8-2017 Intel Guru RayRen98 Mosul is being reported again after a quiet weekend, with ISIL being trapped on the western side of Mosul. The best part is Abadi saying after his speech that Mosul will be liberated in record time, and then Abadi will come to DC. I believe that visit has already been scheduled... They are holding off on the National Reconciliation and full economic reforms so they can take place at the same time, after the complete liberation of Mosul. ...I think we can go to the end of the week feeling rather good. This is our time, and we are just waiting for the right hour and day to do what we have been waiting for, to make it pay off. [post 2 of 2]
2-8-2017 Intel Guru RayRen98 ...in the USA – 42 banks are now dealing with the dinar. The rates still stink, but at least we are in control – we are waiting for the rates to be what we want them to be, but we can choose to exchange. We are no longer waiting for permission although we are waiting for favorable conditions. Those conditions are not there today, but who knows what they will be tomorrow? Some banks have initiated foreign currency training programs to more employees: how to process those currencies, and what will take place during exchanges. The banks were sent a message telling them to get ready. We don’t know what is preventing forward motion – maybe waiting for Iraq to make their final move. [post 1 of 2....stay tuned]
2-8-2017 Intel Guru Bruce ...at 5pm EST today [Tuesday], we got word through contacts at Chase Bank and at Citibank on two different coasts that the banks with foreign currency departments inside the branches...were to begin contacting people, their clients or people that purchased currency they know about...to set up exchanges for them to come in and exchange at the screen rates. We know the rates are on all the screens at the banks. We heard some very good rates on Dinar and Dong. The rates are higher than we thought they would be...quite a bit higher. That is exciting. I think this is an amazing time...Maybe not tonight [Tuesday], but it could or it could happen the next couple of days.
2-8-2017 Intel Guru Frank26 In the last few days articles have been out about...the country’s National Reconciliation...if they are talking to you NOW about the National Reconciliation it is because it is very extremely important... IMO...the National Reconciliation Law is the end of everything… IMO the National Reconciliation is everything we are involved with as a study...the Economic Reform...to the Monetary Reform...to the budget...to the Qi Cards...the HCL...to the Security and Stability that will come...to Mosul…to me it is all wrapped up in the National Reconciliation Law...everything is encompassed in the National Reconciliation Law...it encompasses so many things and above all things...the Monetary Reform. IMO when you see the NRL we are going to be so close to seeing the Monetary Reform being announced. I believe this National Reconciliation Law as it is being put forward in Iraq is moving forward at the speed of light...because I believe they are kind of tied together with the results of Mosul because once we have Mosul everything inside of the NRL is going to travel at the speed of light…and of course the Monetary Reform is the number one thing...
2-8-2017 Intel/Newshound Guru tman23 So many sectors throughout Iraq in the past week or so taking a "pause"...then coming back on line... It could be business as usual and we were unaware...or it could be a final accounting of the numbers before they open the blinds to the window of transparency...
2-8-2017 Newshound Guru loop Article: "Sabri: government measures raise customs state revenues" Iraq went from collecting 1/2 a billions dinars in customs duties in Jan 2016 to finishing the year with 24 billion dinars collect for the entire year. More than quadrupling January 2016 custom duties every month. And they are still fixing working on fixing some of the issues that have come to light at some of the points of entry. Again this is right in line with the IMF's SBA.
2-8-2017 Intel Guru Bruce I got word from one of our sources in Iraq...that Prime Minister Abadi announced that the gangs and forces for dash or ISIS had essentially laid down and retreated and are no longer a militarian threat. This was announced in Iraq. We have not seen this on the news here. It could be coming up here quickly. A lot of positive things taking place in Iraq and we are sort of looking for a public revelation what their new rate is and that would be put out internationally. That could be the next from of announcement we get from Iraq. Iraq has done basically all they need to do, and ISIS is no longer a threat in Iraq according to Prime Minister Abadi.
2-7-2017 Intel/Newshound Guru Backdoc LET'S CALL IRAQ A BRAND NEW STORE, OR A NEW BUSINESS...THE OPEN SIGN IS ABOUT TO BE TURNED AROUND FROM CLOSED. ...TODAYS ARTICLES ARE A CHECK OFF LIST PRIOR TO IRAQ OPENING THEIR DOORS. INCREDIBLE LIST RIGHT ON TIME...NOW WE WAIT FOR THE DOORS TO OPEN TO WE THE FINAL CUSTOMERS IN LINE...
2-7-2017 Newshound Guru loop Article: "Financial stresses securing full salaries for 2017" This is right in line with what the IMF SBA agreement wants them to be doing. It is essential that they have a fully actionable budget and here they are saying that they have got the the salaries for 2017 covered. [Does being able to cover help the monetary change?] It just means that they have the salaries factored into the budget and are expressing that they intend to pay them. Which is a big step forward for them...IMO. The monetary change has nothing to do with it. One dinar will always equal one dinar. So if I get paid 50,000 dinars a week, I will still be getting 50,000 dinars a week. What will change is what I can purchase with the money.
2-7-2017 Newshound Guru Enorrste Article: "Iraq: Calls to raise the value of the dinar" Quote: "Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq" What I found interesting about this article is that the people mentioned as calling for a rise in the value of the dinar are people who are "invested" in the economy, as opposed to legislators or professors, whose opinions run the gamut from positive to negative. These guys seem to have their hands on the controls and are involved in the day-to-day business affairs of their country. Therefore, I see this as a very positive sign that those who will actually benefit from the rise in the value are now calling for the CBI to begin the process.
2-7-2017 Newshound/Intel Guru BGG The dinar was pegged at par with the British Pound until 1959 when, without changing its value, the peg was switched to the United States dollar at the rate of 1 dinar = 2.8 dollars. By not following the devaluations of the U.S. currency in 1971 and 1973, the dinar rose to a value of US $3.3778, before a 5 percent devaluation reduced the value of the dinar to US $3.2169, a rate which remained until the Gulf War, although in late 1989, the black market rate was reported at five to six times higher than the official rate.[1] - The Gulf War ended in 1991. So the $3 rate was "live" until sometime in 1991.
2-7-2017 Newshound Guru mike Article: "Trump confiscate Iraqi political funds billions" ...here's hoping it's true. I have no doubts that the leadership of Iraq have been pillaging the peoples money for years now, it's just surprising to see Trump seize it. Iraqi's use this money to grease the wheels, they pay people off and employ militia's that are outside the control of the government, if those funds are turned off, Maliki and the rest...are effectively out of business. It isn't Maliki's charm they're following, it's the money.
2-7-2017 Intel Guru ADMINBILL IF WHAT I AM HEARING OVER THE PAST FEW DAYS IS ACCURATE, THIS WEEK WILL BE PROFOUNDLY EXCITING. COULD IT BE PUSHED BACK? OF COURSE IT COULD BUT I THINK NOT.
2-7-2017 Intel Guru Frank26 ...remember, [Guru] Delta brought us the component that says that Iraq can only keep the rate of their currency off of the CBI’s website for 30 days. You really shouldn’t worry about those 30 days...or try to measure them...Why? Because...they had meetings that you didn’t know about until now. Why? This is a special case... Who is helping Iraq out with the monetary reform? The USA, UN, IMF, World Bank...but the USA is deeply involved in the MR of the IQD. The things that are going on...are NOT to fail! The 30 days may be ignored...So we’re making special arrangements with Iraq? Breaking rules and breaking laws? The spreadsheet of the CBI website...has been given special variances...IMO.
2-7-2017 Intel/Newshound Guru Mnt Goat Article: "Iraqi National Alliance Delegation Arrive in Erbil" Quote: "A top delegation from the Shiite National Alliance led by Ammar al-Hakim arrived in the Kurdistan Region on Saturday afternoon for discussions over the national reconciliation in Iraq and the situation of Mosul after the Islamic State (IS)." ...remember they told us they would wait and hold off implementing the National Reconciliation until after Mosul was totally liberated. So is this good news for us. Finally a real attempt for peace in Iraq. With peace comes prosperity, with prosperity for these people comes prosperity for us. They very close to the final stages of COMPLETELY liberating Mosul.
2-7-2017 Newshound Guru mike Article: "Baghdad and Washington are discussing the editing process, west of Mosul" Quote: "The Defense Minister Irfan Mahmood Hayali met in his office the US ambassador to Iraq , Douglas Silliman, During the meeting , they discussed preparations for the armed forces in the liberation of the western side of the process of the city of Mosul." This is the largest fight the Iraqi army will face, the western side of Mosul is the oldest and has the narrowest streets, it's going to be difficult to retake.
2-6-2017 Newshound Guru Aggiedad77 Article quote: "...the National Alliance delegation will visit on the afternoon of the day the headquarters of the Movement for Change, and will hold a meeting with the leaders of the movement." Now there is some great news if ever there was any...talk of reconciliation...these guys all going to the Kurds...when did you last hear of them doing that...Hakim has been there...I think I read where Masum the Iraqi President has been there...Are these talks with a commonality...that of national reconciliation...meeting with the Barzani family...all these blocs meeting...has to be some significant importance...not just Mosul...but perhaps a binding of relationships...after all wouldn't that be a key point with any type of reconciliation...
2-6-2017 Intel/Newshound Guru tman23 The 120 Meter highway project was added to Erbil's master plan in 2005. It is the outermost of the ring roads that circle the city with the historic Erbil Citadel at the centre It is 38 km long. Work on the road started in early 2013. The project took 4 years and two months. It was completed three months ahead of schedule...Guess the war on ISIS had no affect on construction of roads and foreign contractors in Kurdistan.
2-6-2017 Newshound Guru mike Article: "MPs and experts: Beyond the financial crisis and put the currency reserves reassuring" Quote: "the central bank lending to the government , although the Bank Act prohibits, in Article 26, lending to the government , either directly or indirectly." [That is how they can claim to have all those billions still in reserve. They loaned them out, see, so they're still in the asset column in the form of an IOU.] The MoF were using bond instruments to extract dinars from the CBI, it's a workaround the law and a shell game the GOI is pulling off...this money will still show up as a credit on the ledgers because it's attached to a bond that's guaranteed by Iraq...they're eating the seed corn.
2-6-2017 Intel Guru RayRen98 We went into the weekend with some good expectations, with information saying the green light has been sent; now it’s up to them to receive it and do what they need to do...we are in a good place. I saw intel about other countries considering rate changes. Today I’m hearing about some supposed rate changes, which is very exciting... I’m waiting for confirmation... If it all holds up, it will be very good for us – if not today, then this week. We’re waiting to hear what good solid information is coming out of Iraq...
2-6-2017 Newshound Guru loop Article: "Central banks demanding disclosure of the names of the transferred customers from foreign remittance payments" Quote: "for the purpose of activating the Help the sale and purchase of foreign bank's currency and sufficient oversight of compliance Massarvkm check the sources money your customers and their uses, it was decided to send a special list of the names transferred customers and end-beneficiaries of the sums foreign remittances that are implemented through the sale and purchase of foreign currency window. " What I got from the translation is that the CBI is making it mandatory that all banks provide the Company name and the name of the person in change [charge ?] with all foreign currency transactions. This is right in line with what the IMF wants them to do to combat the financing of terrorism. Love the call for transparency. They are working the plan.
2-6-2017 Newshound Guru EHankins I'M GOING TO GO...WAY OUT ON THE LIMB... BUT IT SEEMS THAT THE MAJORITY OF ARTICLES WE ARE READING SEEM TO BE WHAT ONE WOULD READ POST MR/RV...THERE DOESN'T SEEM TO BE MUCH TO POINT TO A LEADING UP TO WHAT'S LOOKED FOR VERY MUCH ANYMORE. THERE IS A LOT OF EVIDENCE OF MONEY POURING INTO IRAQ AND THE RESULTS MAKING IT'S WAY THROUGHOUT IRAQ IN MANY DIFFERENT WAYS...TO MANY TO NUMBER. OBVIOUSLY, THERE'S ALOT GOING ON AND MANY REPORTS OF IT AS IF THE MR/RV IS ALREADY HISTORY...HOPE THIS MAKES SENSE...I CAN SEE IT.
2-6-2017 Newshound Guru Kaperoni Article: "Parliamentary Legal planned to introduce a number of important laws to parliament table" Quote: "all of these laws are important, and we will work on in the coming days." They been saying this for the past two years. I'll wait until I see them passed before I get excited.
2-5-2017 Newshound Guru mike [When they remove JP Morgan from the CBI everyone will give a sigh of relief] As far as I know, JP Morgan has nothing to do with the internal operations of the CBI. In 2003 the Coalition Provisional Authority (CPA) created the Trade Bank of Iraq, an independent government bank to provide financial services to facilitate the import and export of goods and services to and from Iraq. In the first year of operation TBI was associated with a consortium of international banks led by JPMorgan Chase. During the startup period, the consortium offered TBI technical support and banking know-how and it has been issuing and confirming letters of credit and letters of guarantee on behalf of TBI. The consortium remained at the heart of TBI's correspondent network and had been a key element in the successful growth of TBI's trade business. The TBI, and it's consortium, are licensed by the CBI, but not part of it. JP Morgan isn't going anywhere, and neither is the international network of 134 correspondent banks covering 63 cities spread over 39 countries that make up the consortium of the TBI. IMO.
2-5-2017 Newshound Guru Kaperoni Article: "Iraq confirms his efforts to join the World Trade Organization" I have never really cared much about the WTO except for that fact it motivates Iraq to currency reform. Once the CBI reform starts, we all will decide the appropriate time to sell our dinar.
2-5-2017 Intel/Newshound Guru tman23 CBI has not doubled their reserves...Quite frankly...They had to borrow/bonds 1 billion from the USA just to keep them from further depleting the reserves...which had citizens in panic that the IQD would devalue more...So the CBI says...everything is good, dinar is strong...NO PROBLEM HERE...The main income for Iraq is oil and that is WAY LESS THAN IN PAST YEARS...IMPOSSIBLE that the CBI could double there reserves...[If that is the case why would the WB name them as the richest country in the world?] "ONE" of the richest countries in the world...Because they have large oil deposits...rich soil for agriculture...and a huge potential for mineral mining... Resources is what the WB was eluding to...because resources are assets...
2-5-2017 Newshound Guru firefly The WB clearly stated that Iraq is one of the richest countries in the world folks! Now why would they say that! Not to mention that Iraq has been Basel 3 compliant for a while now. Why did Iraq double their reserves is what you should be looking at.
2-5-2017 Newshound/Intel Guru BGG ...I hope conditions remain on the gain so the CBI and the GOI can get started with the economic and currency reform program in the first part of 2017 (as they have already forecasted). I doubt Trump has much to do with this. In fact, if he will have anything to do with it - he will obviously want Iraq pulling their own weight and at a real currency rate. He has plainly said he is not OK with countries operating at artificially low currency rates. If we haven't learned anything about Trump - we should have learned that he speaks plainly and pretty much is going to move ahead on the things he has said he would. One of these items is "world currency parity" - he's harped and harped and HARPED on this. There isn't a single authority on the subject who doesn't agree that Iraq's currency value is vastly undervalued. They want this fixed. So relax. This in on the way...
2-4-2017 Intel/Newshound Guru Mnt Goat I have told everyone keep a watch for the launching of the lower denominations. This will begin the RV. This is in FACT the ONLY way they can begin the RV process. So the CBI must take this process slowly and let it evolve. Yes-there is a plan and they are executing it. The next step is yet to come and we will see it shortly. THEY HAVE TO DO IT SOON! THEY TOLD US THEY WILL DO IT SOON! This is all FACTUAL based information from the CBI itself. [post 2 of 2]
2-4-2017 Intel/Newshound Guru Mnt Goat The Iraqi economy can not move in the direction they are planning to move it without first getting out of the sanctioned economy and getting off the “artificial” currency. Will it happen soon? Yes- and the CBI itself has told us all this will happen in EARLY 2017. It is now just February and we still have almost 2 months to go to qualify to still be within the reach of the EARLY 2017 timeframe. There is nothing else except watching them put together the needed laws to support the economic and financial reforms, then they will need the liberation of Mosul, but most importantly the Security breach in Iraq must be resolved. [post 1 of 2....stay tuned]
2-4-2017 Newshound Guru wmawhite Article: "...the news is wonderful and great , but i really do not see a change in value soon..." If the CBI gave you a forecast of a change in value, would that enable you to see a change in value soon? Because...the CBI has done exactly that.
2-4-2017 Newshound Guru Kaperoni Article: "Iraq and the United Nations sign an agreement to establish a fund to finance the "economic reform" I believe Iraq is coming to a crossroads in a few months. Once Mosul is clear, there are no more excuses to not build a market economy. And under the current circumstances, Iraq has little choice but to pass the laws and open the banking system. The other option is not good since Iraq cannot even make payroll under the currency revenues and oil dependence. They will need to put people back to work to rebuild and develop the economy very soon or this could all start another cycle of violence and instability.
2-4-2017 Newshound/Intel Guru BGG Article: "The battle for Mosul: I have never seen such hard fighting like this" Daesh has lost half the city so far. There is no hope they will regain it. The UN came out of a security briefing just yesterday with a time-line in their heads... their comment "Daesh's days are numbered"...They did not say - directly. I take "numbered" to mean - no so long. ...I don't see Daesh in full retreat (yet) - but there is no doubt they are on the wrong end of things right now.
2-4-2017 Newshound Guru Kaperoni Article: "Currency damaged .. share ample haunt the people of Kirkuk and dissipate their salaries" Quote: "...calling on "State-owned banks to address the currency damaged because the majority of the provinces dealt with the damaged currency through government banks..." This is a very important thing. Remember last time they were about to start the program under Shabibi and the currency was also worn out. When they didn't, they ended up reprinting many of the notes (under Abdel Basset Turki) so the citizens would continue to use and have confidence in the dinar. To me, it looks like we are getting to that point once again. Hopefully, the CBI will begin currency reform this time along with electronic dinar to move the economy forward. Another reprinting is not beneficial.
2-4-2017 Newshound Guru FrostyTheSnowman Maybe I'm having a "Brain-Freeze" ...but with all of this political "POSTURING" in the Middle East ... I kinda wonder if we're in for a little "show-down" with Iran ... which could INSTANTLY SHOVE oil prices up ... providing some excellent "cover" (distraction) for an RV to silently pop in the still of (any) night.
2-3-2017 Intel/Newshound Guru Mnt Goat I have to clarify something to everyone concerning this value of the dinar against the US dollar. When we talk about the increase in the dinar rate for the RV we are not talking about or looking for the “artificial” rate of the dinar at 1170, 1166, etc to rise. No correlation! The “artifical” rate, as the CBI and IMF determined for the sanctions is just that “artificial” nothing else. So don’t wait and watch the current dinar rate (artificial rate) to rise for our RV increase Or sign that our RV is close at hand. Absolutely no correlation! The CBI only keeps talking so much about this “artificial” rate because they must get it stable against the US dollar, to which it is pegged to right now. That is all. So when the time comes and the CBI is ready they will raise the value of the dinar but this will only happen out of necessity so the market economy can operation freely, thus they will move from the currency “closed” economy to the “open” or “global” free trade economy. They were never intended to stay in the artificial rate.
2-3-2017 Newshound Guru mike Article: "Iraq: Calls to raise the value of the dinar" Quote: "He guessed expert Rahim al-Shammari, that «the sale of crude oil price increases in the world markets, because of« OPEC »and nations outside the Organization agreement means that the coming months will see a rise in prices». Did not rule out that the «estimated price of a barrel of crude oil between $ 55 to $ 65.»" I guess anything is possible, but...I can't see oil getting above $65 a barrel in 2017. Fracking has really done a number on the amount of oil produced on a global scale. Oil isn't enough, Iraq has to move towards an open market economy to survive. Borrowing billions of dollars every year isn't sustainable.
2-3-2017 Intel Guru RayRen98 If everything pans out according to the information I’m hearing, this should be our last Friday prior to the event, but I wont’ know until it actually takes place. However, based on the information and new information, I do think this is the last week. They cannot drag this out week after week; at some point, this pot is going to boil. It may very well be before next Friday, but I don’t sit in on those round table sessions...but don’t be surprised if we are NOT here next Friday. Don’t be surprised. I look forward to hearing some interesting things between now and Monday.
2-3-2017 Newshound/Intel Guru BGG It plainly appears both the CBI and Abadi had imagined there would have been a change already - they said as much. However, whatever the set of circumstances required were not quite in place yet.
2-3-2017 Newshound Guru Kaperoni Article: "Iraq: Calls to raise the value of the dinar" Iraq is in desperate need of rebuilding. From streets, to sewer to buildings, their is little time to waste. Iraqi's need to go back to work and private sector is the only solution. As [Guru] Mike has pointed out numerous times, the government is already spending more than it makes so they cannot afford more of the population on the state payroll. I am watching Mosul closely, IMO as soon as this is liberation is done, the GOI, CBI must act by activating the market economy. Give it 2-3 more months and we should begin to see some moves.
2-3-2017 Newshound Guru loop Article: "Iraq: Calls to raise the value of the dinar" Quote: "Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq»." Very encouraging article, but keep in mind that the the main person quoted in this article, Essam Mahouelle, is an academic and not one of the major players in making these type of changes. I still think it has merit in that there is a growing number of economists who are echoing the same thing. [CBI is who is going to revalue the currency.] They are. Alak has telegraphed that as much as he can... IMO.
2-3-2017 Newshound Guru Aggiedad77 Article: "Rafidain Bank called civilian retirees for ameal in February salaries" Quote: "Press office of the bank said in a statement, responded to Twilight News, that the bank began paying civilian pensions for a meal in February 2017 ". "He said this includes the smart card holders to Card and retirees manual exchange." well what have we here...a week ago they wouldn't or couldn't pay...now suddenly...how coincidental...money is made available...how where oh where did it come from now.
2-3-2017 Intel/Newshound Guru Mnt Goat Article: "An invitation to take advantage of the investment companies to activate insurance" Quote: “to create an effective, equitable, secure and stable market provides protection to customers of the risks and the technical and financial foundations of sound”. We know in order to have a successful market economy Iraq will need the insurance sector to take part. ...protection for the investors...this is all exactly what we would expect to see in a move towards a market economy and want to see happening at this point. Can they do it with a currency that is worthless? How do these foreign investors pay for their insurance? These insurance companies coming into Iraq will surely be foreign and so do you think they will want to mess around with or can even function with this sanctioned currency and a “closed economy”. ...here is another entity too that will want to take its profits abroad, the insurance company. Also how do they pay out on claims if they can’t readily and easily convert (exchange) from one currency to the next? Hope you get my point?
2-3-2017 Newshound/Intel Guru Arthur The new U.S. administration appears to be taking a new and expanded role in accomplishing this poste haste with assistance from the air and ground as this is brought to a conclusion IMO in the next few days. We also see a new concerted effort by the Abadi regime to complete the GOI with the edition of the MOI and MOD with only one more major post to fill. With several needed laws including the HCL now entering the voting stage, the new eDinar ready to be distributed for salaries to all oil pipeline companies as of last week, and still no visible CBI rate for 30 days, it is safe to say we are now right on the precipice of the final implementation of all the economic reforms up to and including the revaluation of the Iraqi dinar. [post 2 of 2]
2-2-2017 Newshound/Intel Guru Arthur There is clearly and quite palpably nothing formerly glorious about the UN sanctioned current programmed rate of the IQD. And the very notion that they are satisfied or could even continue indefinitely to function at this level is totally ridiculous. The Arabic phrase "former glory" used by the Iraqi's here as مجـده السـابـق clearly indicates a return to its original high standing it had when it was one of the worlds leading currencies. They have indicated in no uncertain terms that as soon as Mosul is sufficiently edited the Iraq currency will then and only then return to its aforementioned "former glory." The UN meeting today showed they are well into finishing up this phase which is the liberation of the Western portion of Mosul. [post 1 of 2....stay tuned]
2-2-2017 Newshound Guru Aggiedad77 Article quote: "Euphrates News Council of Ministers held an emergency meeting on Thursday to complete the adoption of certain laws." Emergency meeting...we adopted some laws today...get that "adopted" "certain" laws...what would you like to bet this may have been done...been completed to perhaps make the IMF happier than they may have already been...it's all good...gooder...and gooderer...otherwise known as more gooder...IMO.
2-2-2017 Newshound Guru loop ...when we first heard about KPMG being contracted to provide training last month, one of the main areas of focus was detection of illegal activity... Now they sign a MoU with the UK to help with their measures to combat money laundering and financing of terrorism. Remember that the US Treasury and Federal Reserve are also help in this regard with the World Watch database. This all points to one thing. THEY ARE SERIOUS ABOUT STOPPING THE MONEY LAUNDERING AND TERRORIST FINANCING. REMEMBER THIS IS PART OF THE IMF SBA. MORE PROGRESS.
2-2-20217 Newshound Guru firefly Basnews has removed the exchange rate from their web site...interesting. CBI still hasen't updated their spreadsheet. So since Dec 31, the 3 boxes has been empty. Sometimes news sources DO jump the gun...IMO of course. I've seen it happen with my own eyes. ...Basnews is a Kurdistan news outlet which makes it very interesting...at least to me.
2-2-2017 Intel Guru Frank26 Once you have Mosul...you have security / stability...and the MR. 1 to 1? ...IMO...NOT ANY MORE! That 3.86 and 3.84 info came from somewhere...and IMO...Bas News did NOT lie. They claim that it was a “mistake” ...but IMO...I believe they were embarrassed. According to [Guru] Delta...Bas News It is a legitimate site. I don’t believe it was wrong. (Press leaks) These leaks seem to be a sign. Another other article said that 1 IQD was = .76 cents. Another article said that 50 IQD = $38 USD. Come on!!! BTW – both of these numbers came out of the Kurdistan region... from 2 different sources. You are witnessing history! Enjoy the journey! These are epic moments in the Middle East.
2-2-2017 Intel Guru ADMINBILL WHERE ARE WE TODAY? IN THE BEGINNING OF THE BEGINNING. MUCH OF WHAT NEEDS TO BE DONE IS HAPPENING IN WASHINGTON, DC. THAT DOES NOT MEAN THAT THE USA IS IN CHARGE. IT MEANS THAT OUR COUNTRY IS BEING SCRUTINIZED. WE ARE PASSING. I DO NOT THINK THERE IS A DELAY. REPORTS ARE COMING IN FROM VIETNAM ON AN OM CALL THAT THE RV OF THEIR CURRENCY [Dong] IS TO START BETWEEN THE 2/6-2/8. UNCONFIRMED AND NOT SOLID AS YET.
2-2-2017 Intel/Newshound Guru Mnt Goat According to the news media in Iraq - yesterday the order was given to begin advancements toward the western of Mosul (across the Tigris River). They are doing this in the hope this could accelerate the final resolution and liberation of Mosul. So this week we heard yet more news on what it takes to bring in foreign investors into the Iraqi “market” economy. It is nice to see them having these conversations. This will be the growing pains as the country progresses in the future... They need to put laws in place and to allow for freedom of capital flows to strike the needed balance. This is not something they can do or will do overnight. This will take years if not decades but we are seeing now even the point where investors are choosing to come into Iraq. We are seeing the progress. I believe they are at the point now that this sector may be stable enough now for the RV. Having a plan and constantly moving towards the target was needed.
2-2-2017 Newshound Guru loop Their actions over the last 18 months to reform their banking and financial sectors are indicating that they plan on moving to some degree of a market economy. The most encouraging thing about this, IMO, is that the tempo in which they are getting things done is increasing all the time...Which is a big indicator that this move will occur sooner rather than later.
2-2-2017 Intel Guru Frank26 I think that there has been some undisciplined people (MEDIA) in the Middle East...a few slip-ups in the media lately ...one that came out of Basra News...where they talked about 3.84 and 3.64...seriously! We called it the “perfect mistake” ...and another one came out on Tuesday... talking about raising 4 Million Dollars for some fund raising for some religious thing. They said something like 50 IQD was = to 38 USD’s. NO IT’S NOT! I believe there is a lot of “leakage” going on about the MR. The numbers...IMO... are not mistakes...they removed them...out of fear. IMO -- The CBI is allowing this. The perfect mistake IMO is nothing more than the jump of the gun. [See Guru wmawhite Post below]
2-2-2017 Newshound Guru wmawhite Article quote: “In 2016, the revenue for Hajj and Umrah was more than $5 million,” Naqshbandi said. “We collected more than $4 million from the people, who need to pay 50 IQD [about $38 USD] to fill in the application form. And we collected about $1 million from Umrah fees. With this, we had more than $5 million in revenue from these two elements, and have provided the revenues to the government.” Does something jump out at you from this piece of an article? to pay 50 IQD [about $38 USD] 38 IQD divided by $50 = $0.76. [I believe it is speaking of a 50,000 note.] you are probably correct...it still amazes me that an error of 50,000 can be made in the writing of this article. This article is Rudaw (out of Kurdistan). Normally very good with their reports and translations...
2-2-2017 Intel Guru Frank26 BasNews website... it is a legite site. ...I’m just curious…how did they get the number 3.64 and 3.84? Well, anybody that might accept that it was a mistake might be gullible...Because you don’t remove a mistake, you correct a mistake… [reference Guru tman23 post 1-29-2017, Guru loop post 1-31-2017 & Guru BGG post 1-30-2017]
2-1-2017 Newshound Guru MyLadies FOR THOSE OF YOU THAT ARE WONDERING HOW IRAQ WILL PAY FOR THIS OR PAY FOR THAT...THEY WILL PAY IN DOLLARS. THERE IS NO FINANCIAL PRESSURE ON THE CBI TO DO ANYTHING... NOW FOR THE FEBRUARY 4TH DATE OR THE NEW FEBRUARY 5TH DATE OR THE FEBRUARY 15 DATE AS SHOWING THAT THE DINAR WILL INCREASE...IT’S OK TO STOP WAITING NOW BECAUSE THE PRICE DID INCREASE ON THE 26TH. IT WENT FROM 1275 TO 1265. THE DINAR IS JUST FINE AS IT IS AND IRAQ IS SCREAMING THAT FROM THE ROOFTOPS. NOW AS FOR TRADING INTERNATIONALLY THAT IS A REALITY AND PROBABLY SOMETIME IN 2017 BUT FOLKS THEY WILL NOT TRADE WITH A NEW PRICE, THEY WILL SIMPLY REMOVE THE SUBSIDIZED PEG AND TRADE PEGGED TO A BASKET OF CURRENCIES BUT TO DO THAT THEY DO NOT NEED TO CHANGE THE PRICE, NOR CAN THEY AFFORD TO CHANGE THE PRICE ANYTIME SOON.
2-1-2017 Intel Guru Frank26 I told you that last Wednesday we feel that something happened at a specific time...It is on that Wednesday ...that the committee of Ministers, IMO, met with the CBI and they made some decisions on their MR family... They need to accept the National Settlement and...that includes the MR of their currency. The President of the National Alliance, al-Hakim was told, you’ve gotta do the National Settlement as we agreed in all these meetings. Any rejection of the National Settlement will lead Iraq’s return quickly into a trusteeship that we will govern and control or simply return you back into Chapter 7. [post 2 of 2]
2-1-2017 Intel Guru Frank26 IMO as of last Wednesday, there are numbers on screens that are important and it is because of the accomplishment of the SWIFT system and the IBAN system but they are not the true numbers yet. Why? Because there is an evolution of the Iraqi Dinar rate that is going on in country right now. There is a tremendous windfall coming into Iraq right now, and I think it will continue even heavier during the 72-78 days... IMO this change that has occurred after the 21st it was the front end and the back numbers that are now engaged. There is an intention to get to a cap rate. We believe that they have agreed on that time frame. And all because again, of the volume that is coming into this country right now. There is a swelling of an announcement IMO that is occurring right now about this topic...the nations that are bringing in a lot of volume into Iraq right now are heavily involved with Iraq. Not with the MR but indirectly because they are involved with their ER’s, their infrastructure, their rebuilding of it. [post 1 of 2....stay tuned]
2-1-20217 Intel Guru RayRen98 The announcement I was looking for through the weekend didn’t take place, but the action did, and that’s more important than the announcement. We’re still in an extremely good place...There is no question that an RV is on the way and already in effect; we’re just waiting to see when it is in effect for us, and I still believe that is very soon.
2-1-2017 Newshound Guru Adam Montana The "noise" going on right now, with newly elected President Trump, is almost deafening! I was curious at first about how this would affect us and the Dinar, but as we move into February I'm starting to like how it's working out. In spite of the overwhelming sound of the Main Stream Media grinding it's influence over the general public like a chef adding seasoning to a gourmet meal to influence it's flavor, Iraq and favorable entities to Iraq seem to be ignoring the hypnotic nonsense spewing out of the boob-tubes, and they continue to move in a forward direction and get things done. HCL: We are SO CLOSE to seeing this happen! While this is still in “speculation” mode, many that keep up with the situation (almost as if their finances depend on it…) will happily tell you that our “waiting” is almost over on this matter.
2-1-2017 Intel/Newshound Guru Mnt Goat "Urgent and defense and interior ministers sworn in lead And Abadi Tweet 01/30/17" Article quote: "The House voted today to give confidence to Aargi and Hayali with the voice not to consent to grant the office of the Ministry of Commerce to the candidate Inam al-Obeidi, and the granting of candidate Yusuf al-Asadi as Minister of Industry." Two of the three vacant ministers have been filled and this is exactly what we would expect to see. They will need a “fully functional govt in order to RV so Abadi has to come up with another candidate for the Ministry of Commerce. I also expect the HCL to pass soon.
2-1-2017 Intel Guru Frank26 Donald Trump is telling the United Nations if you don’t follow through on the National Alliance Agreement, in other words...all the reforms, the economic reforms (ER), the MR...remember the loans the IMF was going to give you… remember the investors pouring in to your country? Well...if you do not agree with the National Alliance Settlement, in other words, all the IMF meetings that we’ve had...you said you were going to raise the value, right? At the beginning of the year, right? Seriously? You’re not going to follow through with what we told you to do? Guess what?!? We’ll put Chapter 7 back on you. This is HUGE... [post 2 of 2]
2-1-2017 Intel Guru Frank26 Article: “Hakim Rejects the Settlement Under the International Trusteeship” Hakim are you serious? You’re considering to reject the National Alliance Settlement that we have signed together? Trump is not fooling around with Iraq and I really believe he is not going to allow them to continue to fool around with the laziness of the Monetary Reform (MR). Now granted, we are in control of the MR, we’ve told them to lift the value, we’ve told everything that they need to do...we’ve taken them every place that they need to be in the International theater. We are in control but it is their Sovereignty, it is their prerogative to take that control and push the button that lifts the value on their currency. [post 1 of 2....stay tuned]
2-1-2017 Intel Guru Bruce We are looking for a final announcement that states that fact and the liberation of Mosul. Hopefully...We might find it out tomorrow of the liberation of Mosul. That will allow the trigger to discuss the rest of what Iraq is doing in the international asset gold back currency. In Iraq, China made a gift of the Iraqi flag, which is 38 feet tall by 60 feet long. It has been flying steady in its location in a nice section of Mosul for days now. It is a good sign. CBI site has not shown a new rate on spread sheet for 30 days. Their law says it has to be posted on their sites no longer than 30 days. We are right there or should be there in a matter of day or two having that rate updated on their site, the CBI site. Realize that we are close. I am positive in terms of our timing and good shape for this to go through. We need to stay patient a little bit longer. [post 2 of 2]
2-1-2017 Intel Guru Bruce ...In Iraq, in the laws they have passed, their Qi cards that are charged and working all over the world at a rate in the $4 range. We know Dr Shabbi stated the Iraq dinar could support a rate of $16. We know there is a valuable rate going to be higher than we thought it would be. The last rate before...their economy was...crushed...$3.22. So we thought it should be at $3.22 or higher. We are happy Iraq has their sovereignty back, their currency back, able to open up and be tradable across the world. [post 1 of 2....stay tuned]
2-1-2017 Intel/Newshound Guru Mnt Goat ...this does not necessarily mean that the instant the war is over we get the RV. This statement could mean that over the next couple years along with the financial and economic reforms they plan to rebuild the economy and eventually get the dinar up to the past value. It is the economy that will drive the rate higher and higher but first they must somehow kick start it. Thus I firmly believe that the initial launching of these lower denoms [with around a 1:1 - IQD:USD] as this catalyst. For the economic Stability - we have been witnessing all the financial reforms, economic reforms, banking reforms and anti-corruption laws, the price of oil rise (thus more revenue) and so we know this part is ready and now in alignment. All the factors now seem to be coming into alignment once again like a solar eclipse... and this is our proof that the time is very near. [post 2 of 2]
2-1-2017 Intel/Newshound Guru Mnt Goat Article: "A government source revealed on Sunday, for the low monetary reserves of the Central Bank of Iraq to $ 45 billion, as a result of the deterioration of oil prices and the continuation of the "waste" of public money." First they told us the CBI reserves are safe in the near future, as they are stabilized due to the recent borrowing and other resources. I quote from the article above – “the government has stopped for the time being its reliance on central bank reserves, and began to take advantage of the state's resources and borrowing,” ...so now we know they no longer have a need to tap into the reserves as they are using other sources to make up the deficit going forward. But the best news is...I quote from the article above – “is expected to return to its former glory after the end of the war on Daesh” ...we must wait for the final announcement from PM Abadi that the war with Daesh is entirely over. This is when the war will be “officially” ended. But nonetheless it is still excellent news to hear it from the mouth of the CBI once again. [post 1 of 2....stay tuned]
1-31-2017 Intel Guru Dr. Clarke Iraq has not posted their NEW rate yet, including the Budget, because they've been WAITING. Waiting on the BEST timing, to let things move, which has been a combination of seeing what happens in the U.S., and how far they can advance against and within Mosul & in Syria. The more they advance, the quicker they can move the rate, at least UP A LITTLE BIT...they want to get the ball rolling out of the gate, somewhat slowly, and let it pick up lot of steam over the next few months...the Economy demands it...We're going to go ahead and tell you, that we see the month of MAY, as a VERY KEY MONTH... [post 3 of 3]
1-31-2017 Intel Guru Dr. Clarke The real wealth is in the ground, in primarily OIL, at least for the long foreseeable future...and it's been moving through the hands of crooks, for too many years, by the Trillions. The new administration is cleaning out the last remnants of what is remaining there, as quickly as possible (ISIS)...but the Public WILL NOT BE MADE AWARE OF THE PROGRESS on ANY PUBLIC NEWS MEDIA...It doesn't make any sense – You're NOT going to know any factual details AHEAD OF TIME". They want to be able to suddenly and publicly announce that especially Iraq, and probably before Syria...is ISIS free, cleared, safe, liberated etc., so that the world is put on OFFICIAL NOTICE, and Business - Financial Business, in Iraq can not only be JUSTIFIED, but THRIVE FULLY. This is a WORLDWIDE MESSAGE, not just for Iraq. Take Note: THIS IS CLOSER TO HAPPENING NOW, THAN YOU THINK. [post 2 of 3....stay tuned]
1-31-2017 Intel Guru Dr. Clarke We'll be able to tell you more, after February 12th. But for now, according to our view, there's a real possibility, and we say "possibility", that Iraq will implement a small rate increase between now and Feb. 5, and show it within the budget publicly. ...What's really uncertain, but KEY, is the progress particularly in Mosul - BECAUSE - read this closely...and we're NOT picking political sides, as we always state...the Trump administration is throwing everything they have at it, right at this moment ...to End it ASAP & in Syria, as well... BECAUSE, President Trump knows "where the money is at ". ...He has always known, that Iraq & the ME, is where the massive wealth is centered, especially with regard to the U.S. future. Not just the currency, which is but a very small part of the wealth. [post 1 of 3....stay tuned]
1-31-2017 Intel Guru Frank26 [ (Guru) DELTA POSTED THAT CBI HAS 30 DAYS THAT THEY HAVE TO POST EXCHANGE RATE ACCORDING TO THEIR CONSTITUTION.] IMO...Go by when they showed YOU...January 4th 2017.
1-31-2017 Newshound Guru loop Article: "BasNews Clarification on Exchange Rate Section 30 January 2017" "ERBIL — BasNews Agency clarifies that the exchange rate occurring on BasNews website may not be accurate for the timbering due to some technical issues on our newly-designed website. This section is under maintenance and the dysfunction will be fixed very soon. The exchange rate in Erbil according to local stock markets on January 30th is:
$100 = 128,000 IQD
€100 = 138,000 IQD
£100 = 160,000 IQD
1-31-2017 Newshound Guru mike Article: "A source reveals for "tomorrow Press" about the size of the cash reserve at the central bank" Quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." "Former Glory" would be 1166 or even 1184 at this point. Street rate is almost 10% less than face value. There are no shortcuts to monetary reform...unrealistic RV type rate, won't happen.
1-31-2017 Intel Guru RayRen98 Over the weekend we grew to 39 banks, three credit unions, and 5-6 dealers openly buying and selling dinar. We are still very much in this game. We haven’t taken any steps backward, although there was possibly a pause this weekend, and didn’t take the further steps that would allow me to lay out where we actually are in this game. I suspect information will come in over the next couple of hours, maybe, about what happened and where we are. I know we are somewhere near the end...It’s just a matter of time, so we wait.
1-31-2017 Intel/Newshound Guru tman23 USA to build 2nd largest embassy in world to be in Kurdistan...The largest in Baghdad...WHY 2 large embassies in one country? ...The embassy in Kurdistan...600 million usd... Kurdistan now has over 45 different country consulates...Why?
Read more: http://www.dinarguru.com/#ixzz4Y9pG1XQG
2-7-2017 Newshound Guru loop Article: "Financial stresses securing full salaries for 2017" This is right in line with what the IMF SBA agreement wants them to be doing. It is essential that they have a fully actionable budget and here they are saying that they have got the the salaries for 2017 covered. [Does being able to cover help the monetary change?] It just means that they have the salaries factored into the budget and are expressing that they intend to pay them. Which is a big step forward for them...IMO. The monetary change has nothing to do with it. One dinar will always equal one dinar. So if I get paid 50,000 dinars a week, I will still be getting 50,000 dinars a week. What will change is what I can purchase with the money.
2-7-2017 Newshound Guru Enorrste Article: "Iraq: Calls to raise the value of the dinar" Quote: "Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq" What I found interesting about this article is that the people mentioned as calling for a rise in the value of the dinar are people who are "invested" in the economy, as opposed to legislators or professors, whose opinions run the gamut from positive to negative. These guys seem to have their hands on the controls and are involved in the day-to-day business affairs of their country. Therefore, I see this as a very positive sign that those who will actually benefit from the rise in the value are now calling for the CBI to begin the process.
2-7-2017 Newshound/Intel Guru BGG The dinar was pegged at par with the British Pound until 1959 when, without changing its value, the peg was switched to the United States dollar at the rate of 1 dinar = 2.8 dollars. By not following the devaluations of the U.S. currency in 1971 and 1973, the dinar rose to a value of US $3.3778, before a 5 percent devaluation reduced the value of the dinar to US $3.2169, a rate which remained until the Gulf War, although in late 1989, the black market rate was reported at five to six times higher than the official rate.[1] - The Gulf War ended in 1991. So the $3 rate was "live" until sometime in 1991.
2-7-2017 Newshound Guru mike Article: "Trump confiscate Iraqi political funds billions" ...here's hoping it's true. I have no doubts that the leadership of Iraq have been pillaging the peoples money for years now, it's just surprising to see Trump seize it. Iraqi's use this money to grease the wheels, they pay people off and employ militia's that are outside the control of the government, if those funds are turned off, Maliki and the rest...are effectively out of business. It isn't Maliki's charm they're following, it's the money.
2-7-2017 Intel Guru ADMINBILL IF WHAT I AM HEARING OVER THE PAST FEW DAYS IS ACCURATE, THIS WEEK WILL BE PROFOUNDLY EXCITING. COULD IT BE PUSHED BACK? OF COURSE IT COULD BUT I THINK NOT.
2-7-2017 Intel Guru Frank26 ...remember, [Guru] Delta brought us the component that says that Iraq can only keep the rate of their currency off of the CBI’s website for 30 days. You really shouldn’t worry about those 30 days...or try to measure them...Why? Because...they had meetings that you didn’t know about until now. Why? This is a special case... Who is helping Iraq out with the monetary reform? The USA, UN, IMF, World Bank...but the USA is deeply involved in the MR of the IQD. The things that are going on...are NOT to fail! The 30 days may be ignored...So we’re making special arrangements with Iraq? Breaking rules and breaking laws? The spreadsheet of the CBI website...has been given special variances...IMO.
2-7-2017 Intel/Newshound Guru Mnt Goat Article: "Iraqi National Alliance Delegation Arrive in Erbil" Quote: "A top delegation from the Shiite National Alliance led by Ammar al-Hakim arrived in the Kurdistan Region on Saturday afternoon for discussions over the national reconciliation in Iraq and the situation of Mosul after the Islamic State (IS)." ...remember they told us they would wait and hold off implementing the National Reconciliation until after Mosul was totally liberated. So is this good news for us. Finally a real attempt for peace in Iraq. With peace comes prosperity, with prosperity for these people comes prosperity for us. They very close to the final stages of COMPLETELY liberating Mosul.
2-7-2017 Newshound Guru mike Article: "Baghdad and Washington are discussing the editing process, west of Mosul" Quote: "The Defense Minister Irfan Mahmood Hayali met in his office the US ambassador to Iraq , Douglas Silliman, During the meeting , they discussed preparations for the armed forces in the liberation of the western side of the process of the city of Mosul." This is the largest fight the Iraqi army will face, the western side of Mosul is the oldest and has the narrowest streets, it's going to be difficult to retake.
2-6-2017 Newshound Guru Aggiedad77 Article quote: "...the National Alliance delegation will visit on the afternoon of the day the headquarters of the Movement for Change, and will hold a meeting with the leaders of the movement." Now there is some great news if ever there was any...talk of reconciliation...these guys all going to the Kurds...when did you last hear of them doing that...Hakim has been there...I think I read where Masum the Iraqi President has been there...Are these talks with a commonality...that of national reconciliation...meeting with the Barzani family...all these blocs meeting...has to be some significant importance...not just Mosul...but perhaps a binding of relationships...after all wouldn't that be a key point with any type of reconciliation...
2-6-2017 Intel/Newshound Guru tman23 The 120 Meter highway project was added to Erbil's master plan in 2005. It is the outermost of the ring roads that circle the city with the historic Erbil Citadel at the centre It is 38 km long. Work on the road started in early 2013. The project took 4 years and two months. It was completed three months ahead of schedule...Guess the war on ISIS had no affect on construction of roads and foreign contractors in Kurdistan.
2-6-2017 Newshound Guru mike Article: "MPs and experts: Beyond the financial crisis and put the currency reserves reassuring" Quote: "the central bank lending to the government , although the Bank Act prohibits, in Article 26, lending to the government , either directly or indirectly." [That is how they can claim to have all those billions still in reserve. They loaned them out, see, so they're still in the asset column in the form of an IOU.] The MoF were using bond instruments to extract dinars from the CBI, it's a workaround the law and a shell game the GOI is pulling off...this money will still show up as a credit on the ledgers because it's attached to a bond that's guaranteed by Iraq...they're eating the seed corn.
2-6-2017 Intel Guru RayRen98 We went into the weekend with some good expectations, with information saying the green light has been sent; now it’s up to them to receive it and do what they need to do...we are in a good place. I saw intel about other countries considering rate changes. Today I’m hearing about some supposed rate changes, which is very exciting... I’m waiting for confirmation... If it all holds up, it will be very good for us – if not today, then this week. We’re waiting to hear what good solid information is coming out of Iraq...
2-6-2017 Newshound Guru loop Article: "Central banks demanding disclosure of the names of the transferred customers from foreign remittance payments" Quote: "for the purpose of activating the Help the sale and purchase of foreign bank's currency and sufficient oversight of compliance Massarvkm check the sources money your customers and their uses, it was decided to send a special list of the names transferred customers and end-beneficiaries of the sums foreign remittances that are implemented through the sale and purchase of foreign currency window. " What I got from the translation is that the CBI is making it mandatory that all banks provide the Company name and the name of the person in change [charge ?] with all foreign currency transactions. This is right in line with what the IMF wants them to do to combat the financing of terrorism. Love the call for transparency. They are working the plan.
2-6-2017 Newshound Guru EHankins I'M GOING TO GO...WAY OUT ON THE LIMB... BUT IT SEEMS THAT THE MAJORITY OF ARTICLES WE ARE READING SEEM TO BE WHAT ONE WOULD READ POST MR/RV...THERE DOESN'T SEEM TO BE MUCH TO POINT TO A LEADING UP TO WHAT'S LOOKED FOR VERY MUCH ANYMORE. THERE IS A LOT OF EVIDENCE OF MONEY POURING INTO IRAQ AND THE RESULTS MAKING IT'S WAY THROUGHOUT IRAQ IN MANY DIFFERENT WAYS...TO MANY TO NUMBER. OBVIOUSLY, THERE'S ALOT GOING ON AND MANY REPORTS OF IT AS IF THE MR/RV IS ALREADY HISTORY...HOPE THIS MAKES SENSE...I CAN SEE IT.
2-6-2017 Newshound Guru Kaperoni Article: "Parliamentary Legal planned to introduce a number of important laws to parliament table" Quote: "all of these laws are important, and we will work on in the coming days." They been saying this for the past two years. I'll wait until I see them passed before I get excited.
2-5-2017 Newshound Guru mike [When they remove JP Morgan from the CBI everyone will give a sigh of relief] As far as I know, JP Morgan has nothing to do with the internal operations of the CBI. In 2003 the Coalition Provisional Authority (CPA) created the Trade Bank of Iraq, an independent government bank to provide financial services to facilitate the import and export of goods and services to and from Iraq. In the first year of operation TBI was associated with a consortium of international banks led by JPMorgan Chase. During the startup period, the consortium offered TBI technical support and banking know-how and it has been issuing and confirming letters of credit and letters of guarantee on behalf of TBI. The consortium remained at the heart of TBI's correspondent network and had been a key element in the successful growth of TBI's trade business. The TBI, and it's consortium, are licensed by the CBI, but not part of it. JP Morgan isn't going anywhere, and neither is the international network of 134 correspondent banks covering 63 cities spread over 39 countries that make up the consortium of the TBI. IMO.
2-5-2017 Newshound Guru Kaperoni Article: "Iraq confirms his efforts to join the World Trade Organization" I have never really cared much about the WTO except for that fact it motivates Iraq to currency reform. Once the CBI reform starts, we all will decide the appropriate time to sell our dinar.
2-5-2017 Intel/Newshound Guru tman23 CBI has not doubled their reserves...Quite frankly...They had to borrow/bonds 1 billion from the USA just to keep them from further depleting the reserves...which had citizens in panic that the IQD would devalue more...So the CBI says...everything is good, dinar is strong...NO PROBLEM HERE...The main income for Iraq is oil and that is WAY LESS THAN IN PAST YEARS...IMPOSSIBLE that the CBI could double there reserves...[If that is the case why would the WB name them as the richest country in the world?] "ONE" of the richest countries in the world...Because they have large oil deposits...rich soil for agriculture...and a huge potential for mineral mining... Resources is what the WB was eluding to...because resources are assets...
2-5-2017 Newshound Guru firefly The WB clearly stated that Iraq is one of the richest countries in the world folks! Now why would they say that! Not to mention that Iraq has been Basel 3 compliant for a while now. Why did Iraq double their reserves is what you should be looking at.
2-5-2017 Newshound/Intel Guru BGG ...I hope conditions remain on the gain so the CBI and the GOI can get started with the economic and currency reform program in the first part of 2017 (as they have already forecasted). I doubt Trump has much to do with this. In fact, if he will have anything to do with it - he will obviously want Iraq pulling their own weight and at a real currency rate. He has plainly said he is not OK with countries operating at artificially low currency rates. If we haven't learned anything about Trump - we should have learned that he speaks plainly and pretty much is going to move ahead on the things he has said he would. One of these items is "world currency parity" - he's harped and harped and HARPED on this. There isn't a single authority on the subject who doesn't agree that Iraq's currency value is vastly undervalued. They want this fixed. So relax. This in on the way...
2-4-2017 Intel/Newshound Guru Mnt Goat I have told everyone keep a watch for the launching of the lower denominations. This will begin the RV. This is in FACT the ONLY way they can begin the RV process. So the CBI must take this process slowly and let it evolve. Yes-there is a plan and they are executing it. The next step is yet to come and we will see it shortly. THEY HAVE TO DO IT SOON! THEY TOLD US THEY WILL DO IT SOON! This is all FACTUAL based information from the CBI itself. [post 2 of 2]
2-4-2017 Intel/Newshound Guru Mnt Goat The Iraqi economy can not move in the direction they are planning to move it without first getting out of the sanctioned economy and getting off the “artificial” currency. Will it happen soon? Yes- and the CBI itself has told us all this will happen in EARLY 2017. It is now just February and we still have almost 2 months to go to qualify to still be within the reach of the EARLY 2017 timeframe. There is nothing else except watching them put together the needed laws to support the economic and financial reforms, then they will need the liberation of Mosul, but most importantly the Security breach in Iraq must be resolved. [post 1 of 2....stay tuned]
2-4-2017 Newshound Guru wmawhite Article: "...the news is wonderful and great , but i really do not see a change in value soon..." If the CBI gave you a forecast of a change in value, would that enable you to see a change in value soon? Because...the CBI has done exactly that.
2-4-2017 Newshound Guru Kaperoni Article: "Iraq and the United Nations sign an agreement to establish a fund to finance the "economic reform" I believe Iraq is coming to a crossroads in a few months. Once Mosul is clear, there are no more excuses to not build a market economy. And under the current circumstances, Iraq has little choice but to pass the laws and open the banking system. The other option is not good since Iraq cannot even make payroll under the currency revenues and oil dependence. They will need to put people back to work to rebuild and develop the economy very soon or this could all start another cycle of violence and instability.
2-4-2017 Newshound/Intel Guru BGG Article: "The battle for Mosul: I have never seen such hard fighting like this" Daesh has lost half the city so far. There is no hope they will regain it. The UN came out of a security briefing just yesterday with a time-line in their heads... their comment "Daesh's days are numbered"...They did not say - directly. I take "numbered" to mean - no so long. ...I don't see Daesh in full retreat (yet) - but there is no doubt they are on the wrong end of things right now.
2-4-2017 Newshound Guru Kaperoni Article: "Currency damaged .. share ample haunt the people of Kirkuk and dissipate their salaries" Quote: "...calling on "State-owned banks to address the currency damaged because the majority of the provinces dealt with the damaged currency through government banks..." This is a very important thing. Remember last time they were about to start the program under Shabibi and the currency was also worn out. When they didn't, they ended up reprinting many of the notes (under Abdel Basset Turki) so the citizens would continue to use and have confidence in the dinar. To me, it looks like we are getting to that point once again. Hopefully, the CBI will begin currency reform this time along with electronic dinar to move the economy forward. Another reprinting is not beneficial.
2-4-2017 Newshound Guru FrostyTheSnowman Maybe I'm having a "Brain-Freeze" ...but with all of this political "POSTURING" in the Middle East ... I kinda wonder if we're in for a little "show-down" with Iran ... which could INSTANTLY SHOVE oil prices up ... providing some excellent "cover" (distraction) for an RV to silently pop in the still of (any) night.
2-3-2017 Intel/Newshound Guru Mnt Goat I have to clarify something to everyone concerning this value of the dinar against the US dollar. When we talk about the increase in the dinar rate for the RV we are not talking about or looking for the “artificial” rate of the dinar at 1170, 1166, etc to rise. No correlation! The “artifical” rate, as the CBI and IMF determined for the sanctions is just that “artificial” nothing else. So don’t wait and watch the current dinar rate (artificial rate) to rise for our RV increase Or sign that our RV is close at hand. Absolutely no correlation! The CBI only keeps talking so much about this “artificial” rate because they must get it stable against the US dollar, to which it is pegged to right now. That is all. So when the time comes and the CBI is ready they will raise the value of the dinar but this will only happen out of necessity so the market economy can operation freely, thus they will move from the currency “closed” economy to the “open” or “global” free trade economy. They were never intended to stay in the artificial rate.
2-3-2017 Newshound Guru mike Article: "Iraq: Calls to raise the value of the dinar" Quote: "He guessed expert Rahim al-Shammari, that «the sale of crude oil price increases in the world markets, because of« OPEC »and nations outside the Organization agreement means that the coming months will see a rise in prices». Did not rule out that the «estimated price of a barrel of crude oil between $ 55 to $ 65.»" I guess anything is possible, but...I can't see oil getting above $65 a barrel in 2017. Fracking has really done a number on the amount of oil produced on a global scale. Oil isn't enough, Iraq has to move towards an open market economy to survive. Borrowing billions of dollars every year isn't sustainable.
2-3-2017 Intel Guru RayRen98 If everything pans out according to the information I’m hearing, this should be our last Friday prior to the event, but I wont’ know until it actually takes place. However, based on the information and new information, I do think this is the last week. They cannot drag this out week after week; at some point, this pot is going to boil. It may very well be before next Friday, but I don’t sit in on those round table sessions...but don’t be surprised if we are NOT here next Friday. Don’t be surprised. I look forward to hearing some interesting things between now and Monday.
2-3-2017 Newshound/Intel Guru BGG It plainly appears both the CBI and Abadi had imagined there would have been a change already - they said as much. However, whatever the set of circumstances required were not quite in place yet.
2-3-2017 Newshound Guru Kaperoni Article: "Iraq: Calls to raise the value of the dinar" Iraq is in desperate need of rebuilding. From streets, to sewer to buildings, their is little time to waste. Iraqi's need to go back to work and private sector is the only solution. As [Guru] Mike has pointed out numerous times, the government is already spending more than it makes so they cannot afford more of the population on the state payroll. I am watching Mosul closely, IMO as soon as this is liberation is done, the GOI, CBI must act by activating the market economy. Give it 2-3 more months and we should begin to see some moves.
2-3-2017 Newshound Guru loop Article: "Iraq: Calls to raise the value of the dinar" Quote: "Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq»." Very encouraging article, but keep in mind that the the main person quoted in this article, Essam Mahouelle, is an academic and not one of the major players in making these type of changes. I still think it has merit in that there is a growing number of economists who are echoing the same thing. [CBI is who is going to revalue the currency.] They are. Alak has telegraphed that as much as he can... IMO.
2-3-2017 Newshound Guru Aggiedad77 Article: "Rafidain Bank called civilian retirees for ameal in February salaries" Quote: "Press office of the bank said in a statement, responded to Twilight News, that the bank began paying civilian pensions for a meal in February 2017 ". "He said this includes the smart card holders to Card and retirees manual exchange." well what have we here...a week ago they wouldn't or couldn't pay...now suddenly...how coincidental...money is made available...how where oh where did it come from now.
2-3-2017 Intel/Newshound Guru Mnt Goat Article: "An invitation to take advantage of the investment companies to activate insurance" Quote: “to create an effective, equitable, secure and stable market provides protection to customers of the risks and the technical and financial foundations of sound”. We know in order to have a successful market economy Iraq will need the insurance sector to take part. ...protection for the investors...this is all exactly what we would expect to see in a move towards a market economy and want to see happening at this point. Can they do it with a currency that is worthless? How do these foreign investors pay for their insurance? These insurance companies coming into Iraq will surely be foreign and so do you think they will want to mess around with or can even function with this sanctioned currency and a “closed economy”. ...here is another entity too that will want to take its profits abroad, the insurance company. Also how do they pay out on claims if they can’t readily and easily convert (exchange) from one currency to the next? Hope you get my point?
2-3-2017 Newshound/Intel Guru Arthur The new U.S. administration appears to be taking a new and expanded role in accomplishing this poste haste with assistance from the air and ground as this is brought to a conclusion IMO in the next few days. We also see a new concerted effort by the Abadi regime to complete the GOI with the edition of the MOI and MOD with only one more major post to fill. With several needed laws including the HCL now entering the voting stage, the new eDinar ready to be distributed for salaries to all oil pipeline companies as of last week, and still no visible CBI rate for 30 days, it is safe to say we are now right on the precipice of the final implementation of all the economic reforms up to and including the revaluation of the Iraqi dinar. [post 2 of 2]
2-2-2017 Newshound/Intel Guru Arthur There is clearly and quite palpably nothing formerly glorious about the UN sanctioned current programmed rate of the IQD. And the very notion that they are satisfied or could even continue indefinitely to function at this level is totally ridiculous. The Arabic phrase "former glory" used by the Iraqi's here as مجـده السـابـق clearly indicates a return to its original high standing it had when it was one of the worlds leading currencies. They have indicated in no uncertain terms that as soon as Mosul is sufficiently edited the Iraq currency will then and only then return to its aforementioned "former glory." The UN meeting today showed they are well into finishing up this phase which is the liberation of the Western portion of Mosul. [post 1 of 2....stay tuned]
2-2-2017 Newshound Guru Aggiedad77 Article quote: "Euphrates News Council of Ministers held an emergency meeting on Thursday to complete the adoption of certain laws." Emergency meeting...we adopted some laws today...get that "adopted" "certain" laws...what would you like to bet this may have been done...been completed to perhaps make the IMF happier than they may have already been...it's all good...gooder...and gooderer...otherwise known as more gooder...IMO.
2-2-2017 Newshound Guru loop ...when we first heard about KPMG being contracted to provide training last month, one of the main areas of focus was detection of illegal activity... Now they sign a MoU with the UK to help with their measures to combat money laundering and financing of terrorism. Remember that the US Treasury and Federal Reserve are also help in this regard with the World Watch database. This all points to one thing. THEY ARE SERIOUS ABOUT STOPPING THE MONEY LAUNDERING AND TERRORIST FINANCING. REMEMBER THIS IS PART OF THE IMF SBA. MORE PROGRESS.
2-2-20217 Newshound Guru firefly Basnews has removed the exchange rate from their web site...interesting. CBI still hasen't updated their spreadsheet. So since Dec 31, the 3 boxes has been empty. Sometimes news sources DO jump the gun...IMO of course. I've seen it happen with my own eyes. ...Basnews is a Kurdistan news outlet which makes it very interesting...at least to me.
2-2-2017 Intel Guru Frank26 Once you have Mosul...you have security / stability...and the MR. 1 to 1? ...IMO...NOT ANY MORE! That 3.86 and 3.84 info came from somewhere...and IMO...Bas News did NOT lie. They claim that it was a “mistake” ...but IMO...I believe they were embarrassed. According to [Guru] Delta...Bas News It is a legitimate site. I don’t believe it was wrong. (Press leaks) These leaks seem to be a sign. Another other article said that 1 IQD was = .76 cents. Another article said that 50 IQD = $38 USD. Come on!!! BTW – both of these numbers came out of the Kurdistan region... from 2 different sources. You are witnessing history! Enjoy the journey! These are epic moments in the Middle East.
2-2-2017 Intel Guru ADMINBILL WHERE ARE WE TODAY? IN THE BEGINNING OF THE BEGINNING. MUCH OF WHAT NEEDS TO BE DONE IS HAPPENING IN WASHINGTON, DC. THAT DOES NOT MEAN THAT THE USA IS IN CHARGE. IT MEANS THAT OUR COUNTRY IS BEING SCRUTINIZED. WE ARE PASSING. I DO NOT THINK THERE IS A DELAY. REPORTS ARE COMING IN FROM VIETNAM ON AN OM CALL THAT THE RV OF THEIR CURRENCY [Dong] IS TO START BETWEEN THE 2/6-2/8. UNCONFIRMED AND NOT SOLID AS YET.
2-2-2017 Intel/Newshound Guru Mnt Goat According to the news media in Iraq - yesterday the order was given to begin advancements toward the western of Mosul (across the Tigris River). They are doing this in the hope this could accelerate the final resolution and liberation of Mosul. So this week we heard yet more news on what it takes to bring in foreign investors into the Iraqi “market” economy. It is nice to see them having these conversations. This will be the growing pains as the country progresses in the future... They need to put laws in place and to allow for freedom of capital flows to strike the needed balance. This is not something they can do or will do overnight. This will take years if not decades but we are seeing now even the point where investors are choosing to come into Iraq. We are seeing the progress. I believe they are at the point now that this sector may be stable enough now for the RV. Having a plan and constantly moving towards the target was needed.
2-2-2017 Newshound Guru loop Their actions over the last 18 months to reform their banking and financial sectors are indicating that they plan on moving to some degree of a market economy. The most encouraging thing about this, IMO, is that the tempo in which they are getting things done is increasing all the time...Which is a big indicator that this move will occur sooner rather than later.
2-2-2017 Intel Guru Frank26 I think that there has been some undisciplined people (MEDIA) in the Middle East...a few slip-ups in the media lately ...one that came out of Basra News...where they talked about 3.84 and 3.64...seriously! We called it the “perfect mistake” ...and another one came out on Tuesday... talking about raising 4 Million Dollars for some fund raising for some religious thing. They said something like 50 IQD was = to 38 USD’s. NO IT’S NOT! I believe there is a lot of “leakage” going on about the MR. The numbers...IMO... are not mistakes...they removed them...out of fear. IMO -- The CBI is allowing this. The perfect mistake IMO is nothing more than the jump of the gun. [See Guru wmawhite Post below]
2-2-2017 Newshound Guru wmawhite Article quote: “In 2016, the revenue for Hajj and Umrah was more than $5 million,” Naqshbandi said. “We collected more than $4 million from the people, who need to pay 50 IQD [about $38 USD] to fill in the application form. And we collected about $1 million from Umrah fees. With this, we had more than $5 million in revenue from these two elements, and have provided the revenues to the government.” Does something jump out at you from this piece of an article? to pay 50 IQD [about $38 USD] 38 IQD divided by $50 = $0.76. [I believe it is speaking of a 50,000 note.] you are probably correct...it still amazes me that an error of 50,000 can be made in the writing of this article. This article is Rudaw (out of Kurdistan). Normally very good with their reports and translations...
2-2-2017 Intel Guru Frank26 BasNews website... it is a legite site. ...I’m just curious…how did they get the number 3.64 and 3.84? Well, anybody that might accept that it was a mistake might be gullible...Because you don’t remove a mistake, you correct a mistake… [reference Guru tman23 post 1-29-2017, Guru loop post 1-31-2017 & Guru BGG post 1-30-2017]
2-1-2017 Newshound Guru MyLadies FOR THOSE OF YOU THAT ARE WONDERING HOW IRAQ WILL PAY FOR THIS OR PAY FOR THAT...THEY WILL PAY IN DOLLARS. THERE IS NO FINANCIAL PRESSURE ON THE CBI TO DO ANYTHING... NOW FOR THE FEBRUARY 4TH DATE OR THE NEW FEBRUARY 5TH DATE OR THE FEBRUARY 15 DATE AS SHOWING THAT THE DINAR WILL INCREASE...IT’S OK TO STOP WAITING NOW BECAUSE THE PRICE DID INCREASE ON THE 26TH. IT WENT FROM 1275 TO 1265. THE DINAR IS JUST FINE AS IT IS AND IRAQ IS SCREAMING THAT FROM THE ROOFTOPS. NOW AS FOR TRADING INTERNATIONALLY THAT IS A REALITY AND PROBABLY SOMETIME IN 2017 BUT FOLKS THEY WILL NOT TRADE WITH A NEW PRICE, THEY WILL SIMPLY REMOVE THE SUBSIDIZED PEG AND TRADE PEGGED TO A BASKET OF CURRENCIES BUT TO DO THAT THEY DO NOT NEED TO CHANGE THE PRICE, NOR CAN THEY AFFORD TO CHANGE THE PRICE ANYTIME SOON.
2-1-2017 Intel Guru Frank26 I told you that last Wednesday we feel that something happened at a specific time...It is on that Wednesday ...that the committee of Ministers, IMO, met with the CBI and they made some decisions on their MR family... They need to accept the National Settlement and...that includes the MR of their currency. The President of the National Alliance, al-Hakim was told, you’ve gotta do the National Settlement as we agreed in all these meetings. Any rejection of the National Settlement will lead Iraq’s return quickly into a trusteeship that we will govern and control or simply return you back into Chapter 7. [post 2 of 2]
2-1-2017 Intel Guru Frank26 IMO as of last Wednesday, there are numbers on screens that are important and it is because of the accomplishment of the SWIFT system and the IBAN system but they are not the true numbers yet. Why? Because there is an evolution of the Iraqi Dinar rate that is going on in country right now. There is a tremendous windfall coming into Iraq right now, and I think it will continue even heavier during the 72-78 days... IMO this change that has occurred after the 21st it was the front end and the back numbers that are now engaged. There is an intention to get to a cap rate. We believe that they have agreed on that time frame. And all because again, of the volume that is coming into this country right now. There is a swelling of an announcement IMO that is occurring right now about this topic...the nations that are bringing in a lot of volume into Iraq right now are heavily involved with Iraq. Not with the MR but indirectly because they are involved with their ER’s, their infrastructure, their rebuilding of it. [post 1 of 2....stay tuned]
2-1-20217 Intel Guru RayRen98 The announcement I was looking for through the weekend didn’t take place, but the action did, and that’s more important than the announcement. We’re still in an extremely good place...There is no question that an RV is on the way and already in effect; we’re just waiting to see when it is in effect for us, and I still believe that is very soon.
2-1-2017 Newshound Guru Adam Montana The "noise" going on right now, with newly elected President Trump, is almost deafening! I was curious at first about how this would affect us and the Dinar, but as we move into February I'm starting to like how it's working out. In spite of the overwhelming sound of the Main Stream Media grinding it's influence over the general public like a chef adding seasoning to a gourmet meal to influence it's flavor, Iraq and favorable entities to Iraq seem to be ignoring the hypnotic nonsense spewing out of the boob-tubes, and they continue to move in a forward direction and get things done. HCL: We are SO CLOSE to seeing this happen! While this is still in “speculation” mode, many that keep up with the situation (almost as if their finances depend on it…) will happily tell you that our “waiting” is almost over on this matter.
2-1-2017 Intel/Newshound Guru Mnt Goat "Urgent and defense and interior ministers sworn in lead And Abadi Tweet 01/30/17" Article quote: "The House voted today to give confidence to Aargi and Hayali with the voice not to consent to grant the office of the Ministry of Commerce to the candidate Inam al-Obeidi, and the granting of candidate Yusuf al-Asadi as Minister of Industry." Two of the three vacant ministers have been filled and this is exactly what we would expect to see. They will need a “fully functional govt in order to RV so Abadi has to come up with another candidate for the Ministry of Commerce. I also expect the HCL to pass soon.
2-1-2017 Intel Guru Frank26 Donald Trump is telling the United Nations if you don’t follow through on the National Alliance Agreement, in other words...all the reforms, the economic reforms (ER), the MR...remember the loans the IMF was going to give you… remember the investors pouring in to your country? Well...if you do not agree with the National Alliance Settlement, in other words, all the IMF meetings that we’ve had...you said you were going to raise the value, right? At the beginning of the year, right? Seriously? You’re not going to follow through with what we told you to do? Guess what?!? We’ll put Chapter 7 back on you. This is HUGE... [post 2 of 2]
2-1-2017 Intel Guru Frank26 Article: “Hakim Rejects the Settlement Under the International Trusteeship” Hakim are you serious? You’re considering to reject the National Alliance Settlement that we have signed together? Trump is not fooling around with Iraq and I really believe he is not going to allow them to continue to fool around with the laziness of the Monetary Reform (MR). Now granted, we are in control of the MR, we’ve told them to lift the value, we’ve told everything that they need to do...we’ve taken them every place that they need to be in the International theater. We are in control but it is their Sovereignty, it is their prerogative to take that control and push the button that lifts the value on their currency. [post 1 of 2....stay tuned]
2-1-2017 Intel Guru Bruce We are looking for a final announcement that states that fact and the liberation of Mosul. Hopefully...We might find it out tomorrow of the liberation of Mosul. That will allow the trigger to discuss the rest of what Iraq is doing in the international asset gold back currency. In Iraq, China made a gift of the Iraqi flag, which is 38 feet tall by 60 feet long. It has been flying steady in its location in a nice section of Mosul for days now. It is a good sign. CBI site has not shown a new rate on spread sheet for 30 days. Their law says it has to be posted on their sites no longer than 30 days. We are right there or should be there in a matter of day or two having that rate updated on their site, the CBI site. Realize that we are close. I am positive in terms of our timing and good shape for this to go through. We need to stay patient a little bit longer. [post 2 of 2]
2-1-2017 Intel Guru Bruce ...In Iraq, in the laws they have passed, their Qi cards that are charged and working all over the world at a rate in the $4 range. We know Dr Shabbi stated the Iraq dinar could support a rate of $16. We know there is a valuable rate going to be higher than we thought it would be. The last rate before...their economy was...crushed...$3.22. So we thought it should be at $3.22 or higher. We are happy Iraq has their sovereignty back, their currency back, able to open up and be tradable across the world. [post 1 of 2....stay tuned]
2-1-2017 Intel/Newshound Guru Mnt Goat ...this does not necessarily mean that the instant the war is over we get the RV. This statement could mean that over the next couple years along with the financial and economic reforms they plan to rebuild the economy and eventually get the dinar up to the past value. It is the economy that will drive the rate higher and higher but first they must somehow kick start it. Thus I firmly believe that the initial launching of these lower denoms [with around a 1:1 - IQD:USD] as this catalyst. For the economic Stability - we have been witnessing all the financial reforms, economic reforms, banking reforms and anti-corruption laws, the price of oil rise (thus more revenue) and so we know this part is ready and now in alignment. All the factors now seem to be coming into alignment once again like a solar eclipse... and this is our proof that the time is very near. [post 2 of 2]
2-1-2017 Intel/Newshound Guru Mnt Goat Article: "A government source revealed on Sunday, for the low monetary reserves of the Central Bank of Iraq to $ 45 billion, as a result of the deterioration of oil prices and the continuation of the "waste" of public money." First they told us the CBI reserves are safe in the near future, as they are stabilized due to the recent borrowing and other resources. I quote from the article above – “the government has stopped for the time being its reliance on central bank reserves, and began to take advantage of the state's resources and borrowing,” ...so now we know they no longer have a need to tap into the reserves as they are using other sources to make up the deficit going forward. But the best news is...I quote from the article above – “is expected to return to its former glory after the end of the war on Daesh” ...we must wait for the final announcement from PM Abadi that the war with Daesh is entirely over. This is when the war will be “officially” ended. But nonetheless it is still excellent news to hear it from the mouth of the CBI once again. [post 1 of 2....stay tuned]
1-31-2017 Intel Guru Dr. Clarke Iraq has not posted their NEW rate yet, including the Budget, because they've been WAITING. Waiting on the BEST timing, to let things move, which has been a combination of seeing what happens in the U.S., and how far they can advance against and within Mosul & in Syria. The more they advance, the quicker they can move the rate, at least UP A LITTLE BIT...they want to get the ball rolling out of the gate, somewhat slowly, and let it pick up lot of steam over the next few months...the Economy demands it...We're going to go ahead and tell you, that we see the month of MAY, as a VERY KEY MONTH... [post 3 of 3]
1-31-2017 Intel Guru Dr. Clarke The real wealth is in the ground, in primarily OIL, at least for the long foreseeable future...and it's been moving through the hands of crooks, for too many years, by the Trillions. The new administration is cleaning out the last remnants of what is remaining there, as quickly as possible (ISIS)...but the Public WILL NOT BE MADE AWARE OF THE PROGRESS on ANY PUBLIC NEWS MEDIA...It doesn't make any sense – You're NOT going to know any factual details AHEAD OF TIME". They want to be able to suddenly and publicly announce that especially Iraq, and probably before Syria...is ISIS free, cleared, safe, liberated etc., so that the world is put on OFFICIAL NOTICE, and Business - Financial Business, in Iraq can not only be JUSTIFIED, but THRIVE FULLY. This is a WORLDWIDE MESSAGE, not just for Iraq. Take Note: THIS IS CLOSER TO HAPPENING NOW, THAN YOU THINK. [post 2 of 3....stay tuned]
1-31-2017 Intel Guru Dr. Clarke We'll be able to tell you more, after February 12th. But for now, according to our view, there's a real possibility, and we say "possibility", that Iraq will implement a small rate increase between now and Feb. 5, and show it within the budget publicly. ...What's really uncertain, but KEY, is the progress particularly in Mosul - BECAUSE - read this closely...and we're NOT picking political sides, as we always state...the Trump administration is throwing everything they have at it, right at this moment ...to End it ASAP & in Syria, as well... BECAUSE, President Trump knows "where the money is at ". ...He has always known, that Iraq & the ME, is where the massive wealth is centered, especially with regard to the U.S. future. Not just the currency, which is but a very small part of the wealth. [post 1 of 3....stay tuned]
1-31-2017 Intel Guru Frank26 [ (Guru) DELTA POSTED THAT CBI HAS 30 DAYS THAT THEY HAVE TO POST EXCHANGE RATE ACCORDING TO THEIR CONSTITUTION.] IMO...Go by when they showed YOU...January 4th 2017.
1-31-2017 Newshound Guru loop Article: "BasNews Clarification on Exchange Rate Section 30 January 2017" "ERBIL — BasNews Agency clarifies that the exchange rate occurring on BasNews website may not be accurate for the timbering due to some technical issues on our newly-designed website. This section is under maintenance and the dysfunction will be fixed very soon. The exchange rate in Erbil according to local stock markets on January 30th is:
$100 = 128,000 IQD
€100 = 138,000 IQD
£100 = 160,000 IQD
1-31-2017 Newshound Guru mike Article: "A source reveals for "tomorrow Press" about the size of the cash reserve at the central bank" Quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." "Former Glory" would be 1166 or even 1184 at this point. Street rate is almost 10% less than face value. There are no shortcuts to monetary reform...unrealistic RV type rate, won't happen.
1-31-2017 Intel Guru RayRen98 Over the weekend we grew to 39 banks, three credit unions, and 5-6 dealers openly buying and selling dinar. We are still very much in this game. We haven’t taken any steps backward, although there was possibly a pause this weekend, and didn’t take the further steps that would allow me to lay out where we actually are in this game. I suspect information will come in over the next couple of hours, maybe, about what happened and where we are. I know we are somewhere near the end...It’s just a matter of time, so we wait.
1-31-2017 Intel/Newshound Guru tman23 USA to build 2nd largest embassy in world to be in Kurdistan...The largest in Baghdad...WHY 2 large embassies in one country? ...The embassy in Kurdistan...600 million usd... Kurdistan now has over 45 different country consulates...Why?
Read more: http://www.dinarguru.com/#ixzz4Y9pG1XQG
1-30-2017 Newshound Guru loop I wake up every morning with a smile, because of where we are at with regards to this investment. ...Has Alak retracted his statements regards the lower denoms coming out in early 2017... NO. What did the Director of the Middle East Office of the World Bank say last month? "one of the richest countries in the world on the face of the earth." and "Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts." ... What did Dennis Flannery of Citibank in Iraq say one of his missions is? "is to reconnect the country to global financial markets from which it has been estranged" ... Who asked Frank Baker Great Britains Ambassador arrange an introduction to the Gov CBI? British Banking Interests. ...What did the IMF just say about Iraqs progress? “The Iraqi authorities have made good progress on implementing economic reforms under the SBA." These are only a few of the news items that all point to some type of major financial event on the horizon.. I for one am very excited and encouraged by the news coming out of Iraq.
1-30-2017 Newshound Guru loop [What do you think about the Iraqi Thinking about not allowing any americans into there country. Because of trumps policy of not allowing people into the US.] They will change the rate when it is in their best interest to do so. No matter what is going on over in the US.
1-30-2017 Newshound Guru Kaperoni Article: "A source reveals for "tomorrow Press" about the size of the cash reserve at the central bank" Quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." Don't get overly excited. The end of the war on ISIL (or Dash) is as soon as Mosul is clean. Which is still 30 -90 days in the making. Former glory clearly means a rate at 1 to $1 or higher and is not a reference to Market Rate or the spread...but that does not mean it would happen overnight. In fact, I do expect the float to start this year. And if so, it could reach a rate that would qualify as "former glory" next year or the year after as the dinar appreciates gradually.
1-30-2017 Newshound/Intel Guru BGG Article quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." [...does anyone know how long Mosul will be free?] They are working on it now. ... IMHO Abadi has been pushing for Mosul to happen sooner. He knows what is at stake.
1-30-2017 Newshound Guru Aggiedad77 I am of the opinion that something big is coming... Abadi appears to be undisturbed by the actions of Trump and is ok with just waiting...he knows I think more than he is allowing out... ...more is coming to the reserve...it's going to grow fat again...who remembers what it was before ISIS struck...somewhere north of $80 billion...it appears headed there again or maybe bigger...the BEST is yet to come.
1-30-2017 Newshound Guru wmawhite Article quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." It is coming from the CBI. You have heard before about Iraq saying that their currency would be great and powerful. ...the CBI is again telling the world that the Iraq Dinar is going to be great, strong and return to its glory days. The CBI owns the IQD...it determines its value.
1-30-2017 Intel/Newshound Guru tman23 [Is Basnews a credible and reliable site?] Basnews has been around for YEARS...It is one of the most reliable reporting in Iraq...The server is located in San Francisco...The news editing had been done over the past 2 months out of England...There had been strange events to this during that time... The new website format came up in the middle of the day...Saturday...an observer of the rate would deem it a mistake...BUT...I will say this...That part of the site is not manually entered, it is a direct link to another site that does currency rates...just like the weather on the site, nobody manually enters 9 celcius today and cloudy...
1-30-2017 Newshound Guru Kaperoni Article: "Fatlawi directed questions verbally to the Governor of the Central Bank" Quote: "He noted that the central bank through the Reserve pumped money to prevent the devaluation of the local currency, noting that the reserve consists of state revenues received in dollars of oil by 95% and the remaining local revenues and the Ministry of Finance relies on the Iraqi dinar, stressing that the dollar selling process is very important to maintain the value Iraqi dinar and the balance in the local economy as the work of the dinar to float an incorrect status for Iraq and the fact that the central bank only source to sell the dollar." Sounds to me he is saying we cannot float the dinar right now and so our only solution is to continue the auctions...which is nothing new to us since we know they have not passed the laws to create a market economy and the spread is over 10%.
1-30-2017 Newshound Guru wmawhite [What is the feeling in here about the US ban on people coming from Iraq affecting the Dinar?] When Iraq (CBI/GOI) decides to add value to the IQD it will have nothing/absolutely nothing to do with US immigration policy, or the price of pizza in New York, nor whether Maliki is still in the palace. Nothing. Iraq will make the necessary changes when they are ready. My point is this...all of these concerns have zero effect upon this investment...and why? Because this investment is not about a country's immigration policy. Instead, it is about the value of a country's currency and whatever we do concerning immigration has no affect upon the wealth of Iraq.
1-30-2017 Intel Guru Delta BasNews is an independent and multilingual news agency based in Erbil, the capital of the Kurdistan Region of Iraq. [...do you think this is for real or a misprint...?] I HAVE A Q FOR YOU: WHY news agency based in Erbil, the capital of the Kurdistan Region of Iraq show another currency?
1-30-2017 Newshound Guru Breitling ...they don’t need to be in the beginning of the year to change the value of their currency. It would probably be the most efficient if they did something at the beginning of the year but that’s never been an issue. They can just move the decimal over anytime they want. They can move the decimal over on their currency or they can move the decimal over on the books. They are reducing the note count in order to do that.
1-30-2017 Intel/Newshound Guru tman23 Lets just say this...WE the USA just put a ban on ME travel Visa's... The POTUS just spoke with 5 world leaders today...AND he had the PM from England Friday... AND WE ARE AT THE END OF JANUARY... SO THINGS ARE MOVING FAST...AND THE GOP NEEDS BIG MONEY TO EXECUTE SOME MAJOR PLANS...SO I WOULD REMAIN GROUNDED BUT A VERY POSITIVE OUTLOOK HEADING OUT OF THIS WEEKEND.
1-30-2017 Intel Guru ADMINBILL [...are we going to the bank today?] NOT TODAY...I AM THINKING TOMORROW IT WILL START...AND MOVE THROUGH THE WEEK. [Are your sources credible?] I BELIEVE THEY ARE. I CERTAINLY HOPE SO.
1-30-2017 Newshound/Intel Guru BGG [Any idea on Basnews this morning?] They've (BASNews) already said - it's a mistake... [reference Guru tman23 post 1-29-2017 Did you know Basnews (Kurdistan) updated their website today...]
1-30-22017 Newshound Guru wmawhite [Letter from BasNews Agency:] Dear White, I would like to firstly thank you for following BasNews. As you may have notices, Our new Website was launched on 27th January and the section showing currency exchange rates into IQD may sometimes fail to function accurately. We are working and will fix it very soon. Here I send you the exchange rate in Erbil according to the local stock markets this evening: $1 = 1284 Iraqi Dinar €1 = 1360 Iraqi Dinar... Regards, Sardar Sattar...BasNews Agency. [reference Guru tman23 post 1-29-2017 Did you know Basnews (Kurdistan) updated their website today...]
1-29-2017 Intel Guru Dr. Clarke This is a VERY BIG WEEK ahead. Enjoy it! Ignore ALL the printed News Articles coming out of the ME, especially out of Iraq, and especially with regard to anything that pertains to Money, Military, Politics and Trade. IGNORE IT! ...Again, this is a VERY BIG WEEK...but what happens as February unfolds, and by the end of February...will look like a "World you've Never Seen before". EVER. ...and we believe, that you will have more money in your pocket...and there's much more.
1-29-2017 Newshound Guru wmawhite [when kuwait revalued back in the day, it came in at I think $6.] Kuwait never revalued back in the day...let me give you the true story. ...keep in mind that Iraq invaded Kuwait in August 1990. The Kuwaiti currency at that time was the Kuwaiti Dinar. The Kuwaiti currency was replaced with the Iraqi Dinar by Saddam Hussein. Seven (7) months later, February 28, 1991, the Iraqi forces are kicked out of Kuwait and the war has ended. Only twenty six (26) days later, March 24, 1991, the Kuwaiti banks reopen with a NEW currency valued at 1 KWD = $3.50...the key here is twenty six (26) days. If any Kuwaitis still held the old Kuwaiti Dinar it would be accepted at one new KWD for one old KWD rate. 26 days after the end of fight...no $6.00 or $9.00. Just reinstated their old value. And by the way...the oil fields were still burning, kuwait had no economy...no free market economy, but they sure enough did what they wanted to do...article 8 or no article 8!
1-29-2017 Intel Guru RayRen98 It is being reported to me that Iraq TV is broadcasting that Iraq and the US have signed an agreement to fund the economic reforms!
1-29-2017 Newshound Guru mike Article: "Iraq and the United Nations sign an agreement to establish a fund to finance the "economic reform" Quote: "Therefore, it provides the launch of economic reform fund opportunity to accelerate government reform plan." Great article...Currency reform, economic and banking laws are all needed to facilitate this move, hopefully it's sooner rather than later.
1-29-2017 Intel/Newshound Guru tman23 Did you know Basnews (Kurdistan) updated their website today...A new look! Did you know the server for them is in San Francisco... Basnews is 99.9% accurate...most reliable reporting in Iraq and Kurdistan... Did you know Basnews shows the currency exchange in the right hand corner... [...are those rates in the top corner for the iqd?] Have no idea other than it posting Dollar 3.648...And they just put that up early today...New page. In the past page it was $1 usd to 00086... It is strange that the amount posted is darn close to what we had been hearing...which was 3.72 chatter in Kurdistan. ...we can come to all kinds of conclusions... Best one is to wait and see...
1-29-2017 Intel Guru ADMINBILL [I had heard some very positive news earlier today even some that rates are showing up in various places, but that in Iraq its being said there will now be delays in the RV do to Trumps ban, have you heard anything?] NO DELAYS...THE RV/GCR WILL GO A LONG WAY TO MEND FENCES.
1-29-2017 Intel/Newshound Guru tman23 Article: "Keywords: central bank contributed to cross the most difficult years in the past two years" Quote: "giving it a function to STABILIZE the exchange rate"...pump money to prevent devaluation...the central bank resorted to the method of supporting the general budget through the purchase of treasury transfers..." THIS SUPPORT LOWERS THE CBI RESERVES...THE ROB PETER TO PAY PAUL ALWAYS HITS A BRICK WALL UNLESS YOU TURN IN A DIFFERENT DIRECTION...THE CBI AND GOI ARE CLOSE TO THE WALL...AND CANNOT AFFORD TO JUST TALK ABOUT A FUTURE MARKET ECONOMY.
1-29-2017 Newshound Guru wmawhite Keep in mind, the change in value of the IQD is just another step of many, many steps with the "project"...the "delete of zero project"...and there will never be an announcement before hand concerning the change in value. However, as...articles point out, the CBI will make projections as to the possible need for a change in the currency, i.e. size of notes. IMO...these projections/forecasts concerning the future need of the 50, 100 and 200 IQD notes tells me that the CBI believes there will be a change within the marketplace that will make those notes useful. And what will change the marketplace? What will change the prices within the marketplace? Answer: a change in the value of the currency that is importing those goods within the marketplace.
1-29-2017 Newshound Guru Breitling …every major corporation has already set up shop in Iraq. They’re just waiting for the right moment. They’re waiting for the Iraqi people to be able to afford their products. They believe in the principle that I believe in that you get into a market before it starts not after it starts. So they are already there. I promise you they are already there...supply times velocity or the business in Iraq will go up and Iraq has already set and triggered their currency to a place to do that. You guys know those numbers. It’s that simple.
1-29-2017 Intel/Newshound Guru Backdoc Article: "Federal Reserve Issues Progress Report on Efforts to Improve the U.S. Payment System" Quote: "The Federal Reserve on Thursday released a progress report outlining accomplishments and anticipated steps moving forward related to the ongoing initiatives to enhance the speed, efficiency and security of the U.S. payment system." THE FEDERAL RESERVE IS TELLING US ABOUT THE STATUS OF THE NEW PAYMENT SYSTEM THAT WILL BE USED IN THE NEW REALITY! WE ALL KNOW THAT BASEL 3 REQUIREMENTS REQUIRE ASSETS TO BACK EVERY COUNTRY'S CURRENCY. WITH THAT IN MIND REALIZE THIS EXPLANATION IS THE PREPARATION FOR THE NEW DIGITAL DOLLAR WHICH IRAQ HAS BEEN SO IMPATIENTLY WAITING FOR! REMEMBER, THEY WANT TO GET RID OF THE OLD DOLLAR COIN! THIS CLEARLY TELLS US THAT THE COMPLETE BUILD OUT FOR THE NEW DIGITAL DOLLAR PLATFORM IS NOW CLEARLY IN PLACE! GREATER SPEED, EFFICIENCY, AND SECURITY IS NOW IN PLACE!
1-28-2017 Intel Guru ADMINBILL IMO the RV/GCR should happen almost simultaneously. No double dipping will be allowed.
1-28-2017 Intel/Newshound Guru Mnt Goat Article quote: "the oil file in Iraq including the Kurdistan region Pat involves a high risk of misuse and its monopoly by the views of certain parties, so the lack of enactment of the oil and gas law in accordance with the directions and frameworks and national real guarantee that this natural wealth in the service of citizens will not lead to a bad future and make this wealth a curse for the people." ...can it get any clearer that they need national oil and gas law legislation HCL? Almost 90% of the national wealth is from oil revenue. Sure they are working on other sources of revenue too but these other efforts will take years. Especially with ISIS and now Iranian militias creeping at their doors again. This article is just yet another indication of the importance of this law. They will not pop the RV without having this in place to secure their wealth.
1-28-2017 Intel Guru ADMINBILL MY INFORMATION TODAY PLACES US IN A WINDOW THAT STARTS THIS WEEKEND WITH A STRONG START POSSIBILITY OF TUESDAY...AND MOVE TO THE RV/GCR THE END OF THE WEEK INTO THE FOLLOWING WEEK.
1-28-2017 Intel/Newshound Guru BGG [You were speculating that the reason why we haven't seen any updates on the CBI site is due to the economic reforms...?] yes I do think - on some level, that is the explanation. Currency reform - some stage...
1-28-2017 Newshound Guru MadDScout [Any chance of an RV before Feb?] I would say this close to Feb prolly not. But only they know what will put the last peg in the hole. We are watching the result now of actions they are actively taking for the reform process. When Alak said the delete the zeros was on hold he did say all measure would be taken so that at the right time they could move into the program (the parts on hold)...They are not in "wait" mode. Alak is seeking stability.
1-27-2017 Newshound Guru Kaperoni Article: "Jaafari heads the meeting implementation of the strategic framework agreement signed between Iraq and the United States" ...old SFA [Strategic Framework Agreement] articles...were clear that freedom of movement of capital was critical to the success of the agreement. Let's hope this is a good sign of whats to come.
1-27-2017 Newshound Guru Aggiedad77 Article: "Jaafari heads the meeting implementation of the strategic framework agreement signed between Iraq and the United States" ...this article...IMHO...speaks volumes without coming out and saying so much at all...cooperation where there was none...without it saying so to me it talks of a certain trip that was made but was unheard of...now we see files being shared...plans being made...signatures... activation of agreements...mechanisms being implemented...my word...more work has been done of late than in the last...well you figure that out...the BEST is coming.
1-27-2017 Newshound Guru mike Article: "Secretary General of the Council of Ministers attending the first meeting of the initiative (Take a Baghdad)" I like the tone of this article, but when I look at where Iraq is holistically, it's just more of the same rhetoric we've heard before. The first sentence says it all: "the initiative to discuss the projects and the stages of work, and move on to the preparation of drawings and bills of quantities and implementation programs." Iraq is borrowing money, in order for lenders to feel confident, they have to know, or at least believe, that Iraq has a plan to enable their ability to repay it. They're hoping the chatter will remove doubts and fears about repayment. It's not enough, they need to actually pass the laws and implement the changes that they "talk" about in committee. My sincerest hopes are that this isn't like the hundreds of other articles that the GOI put out that talk about change and progress, the time for actual implementation has been passed a long time ago. Your move Abadi...
1-27-2017 Intel Guru RayRen98 37 banking institutions have now been reported to us from the field that are now actively buying and selling Iraqi dinar. I think that number will change dramatically in the coming days – plus three credit unions and 5-6 exchange companies. We had a member who shared that $100 was wired to a person in Iraq a few days ago...that person received 129 IQD...it was to Rafi Bank in Baghdad. I know some things that I am hearing...I do believe them because of the sources I hear them from...they have been pretty much on the money. Dates may be off because they don’t control it, they just report...I can tell you that if everything stays on track, this is my last Friday – if everything goes according to design. I feel like this is upon us. The rate is going to be very decent/attractive...
1-27-2017 Newshound Guru Kaperoni Article: "Secretary General of the Council of Ministers attending the first meeting of the initiative (Take a Baghdad)" This looks like a pretty big deal...The CBI is meeting..."to discuss the projects and the stages of work, and move on to the preparation of drawings and bills of quantities and implementation programs."
1-27-2017 Intel/Newshound Guru BGG CBI still hasn't updated the indicative rates (since 1/4/17) on the CBI - something is going on. What that change means? Hard to say...but the flip side is - to say it means nothing is a little arrogant. [its never been this long before...] Shoot - never been more than several days.
1-27-2017 Intel/Newshound Guru Mnt Goat Article: "Rafidain Bank opens new branch in southern Iraq" Why is this article so important? It shows us the banks are expanding and not contracting. As money is beginning to flow this is exactly what we would expect. This is a good sign the Iraqi economy is beginning to move in the right direction.
1-27-2017 Intel Guru Bruce I really don’t know anything specifically different about rates. I just know the rates are all great. We know...about the Qi cards being international with a rate of $4.84 spendable on those cards all over the world. I am looking for Abadi talking about the take back of Mosul and talk about the Sovereignty of Iraq in the fact they have a tradable currency with world markets and ready for business. He may not talk about the currency per say. I am excited where we are. We are getting very close the end of the ride. I am hearing by way of text very positive things that are pointing to tomorrow [Friday] and into the weekend.
1-26-2017 Intel/Newshound Guru Mnt Goat My personal belief is NO it does not have to be completed but there will have to be some kind of agreement to guarantee the payments to Kuwait either in a lump sum or installments over time. So in recent past weeks we witnessed many meetings with Kuwait. Why now? Why all of a sudden do they need to get so serious about re-negotiating the payment of this debt? We also know that they are supposed to have a “fully” implemented Iraqi constitution. What does this mean? It means that Article 140, HCL, the Federation Council, fully seated government (still using 3 proxy ministers in Abadi's cabinet. These ministers must be seated and ratified). Also there are other needed laws to keep the economy on track and allow foreign investors to enter and operate in Iraq’s markets. They have told us this group of 50+ laws but they listed 6 of the laws as high priority. Why? [post 2 of 2]
1-26-2017 Intel/Newshound Guru Mnt Goat Iraqi officials on Monday announced that the eastern side of the northern Iraqi city has been taken from Islamic State, after nearly 100 days of fighting. Rafidain and Rasheed Banks are moving forward as they expand their banking availability and capabilities throughout Iraq. This news is exactly what we want and expect to see in a growing economy. Its all very good! But we are not out of the doghouse yet as they are still operating under a “closed” economy and can not freely trade with the outside world with dinars as they are still technically under Chapter VII sanctions. We know there is still yet one hurdle to overcome in getting “fully” out of sanctions. This obstacle is to complete the war reparations to Kuwait. Does this have to happen to get the RV? [post 1 of 2....stay tuned]
1-26-2017 Intel Guru Frank26 I talked with [Guru] Delta. He is excited...to him it all makes sense in the MOOKLA of 2017...but still no rate on the CBI website. Now over 25 days. Delta finds it interesting that the GOI is saying that they are NOT going to pay any salaries this week...instead they will pay them next week to protect the CBI reserves. That is a first! That is powerful. According to our calculations...start to watch tomorrow... Check out the CBI website...check out the international markets...you know ...the ones that stay open 24/7. Check out FOREX. Start paying attention to your investment...starting tomorrow [Thursday]. ...all of this...is IMO. [post 3 of 3]
1-26-2017 Intel Guru Frank26 IMO – maybe you should start tonight [Wednesday]...to look for movements of large capital. May I suggest...with sincerely...hang around FOREX. Look for the evidence of what they told you they wanted to do at the MOOKLA of 2017. I believe that there has been a switch that has been turned on for the monetary reform. You are about to be put into the light. I don’t know when...I don’t know the rate...but they have told us they want to come out at 1 to 1. [post 2 of 2....stay tuned]
1-26-2017 Intel Guru Frank26 There have been a lot of meetings. IMO... these have been very, very successful. Ever since the first part of December... the meetings have evolved...now formed a SOLID monetary reform for the IQD...evolved...to a point of satisfaction for all sides. We’re not at the beginning of the book. We’re not at chapter 1. No. We’re looking at the last sentence of the last page of the last chapter. IMO...TODAY would be a good day...to put a PERIOD (.) at that last page...that last sentence of the last paragraph. If it is...then they have turned on the switch for the monetary reform. [post 1 of 3....stay tuned]
1-26-2017 Intel Guru ADMINBILL THERE CONTINUES TO BE ACTIVITY WHICH WILL HOPEFULLY TRANSLATE TO OUR END GOAL VERY SOON. I AM ANTICIPATING ACTION VERY SOON.
1-26-2017 Newshound Guru Kaperoni Article: "Parliament calls for financial follow-up funds allocated through auction currency imports" Quote: "Float the currency and pointed to the possibility of the application of the currency was floated , such as what happened in Egypt and leave the supply and demand of the process is controlled by the exchange rate and the possibility that service to the economy of the country..." Sounds like Dr. Magda Tamimi is pushing to get off the peg and float the dinar.
1-26-2017 Newshound Guru Islandg1211 It would appear that Jan 1 wasn't realistic, three more months is a bit optimistic, and, IMO, six more months looks spot on. For these reasons, I'm expecting an RV mid-summer at the high range of the appraisal, just over the USD... perhaps $1.10-$1.13 would be reasonable. After the Dinar is on Forex, the country itself is using it, and the massive imports needed for re-construction, the demand of the Dinar will increase its exchange rate pushing it back up closer to Kuwait's in the couple of years following the RV. [post 2 of 2]
1-26-2017 Newshound Guru Islandg1211 Allak and Shabibi both stated that they need security and stability, so that's the date. It's very reasonable to assume that the RV needs ISIS gone and a deal with the Kurds, that's security and stability. Allak is saying exactly that, he is waiting for security from ISIS and also political stability. So, we don't need to look for the RV before both of those things happen. Both events will be public. We will all see the celebration of the defeat of ISIS, and the Kurds making a deal with Baghdad. [post 1 of 2....stay tuned]
1-25-2017 Newshound Guru Adam Montana [Do you think that there is enough dinar in America pre RV continuing to post RV to make a difference in our economy?] It all comes back to the fact that we are dealing with a fiat currency, where debt and wealth can be created with a click of a mouse. The amount of physical currency, dinar or USD or any other, has no bearing on what can or cannot happen with the exchange rates.
1-25-2017 Intel Guru RayRen98 ...things are looking as good as they can possibly look! In the US, the biggest feather in our cap is the public acceptance of the dinar. Sure there are only small number of banks compared to all the banks in the US, but the fact that 33 banks are dealing publicly with the dinar is a great step forward... We know what our destiny is about to look like, we just don’t know when. Yes, it could happen any day.
1-25-2017 Newshound Guru Adam Montana ...I just shake my head at these...lopsters who ignore the fact that the Dinar is a fiat currency, and the value is not based on M2 or M3 or the GDP or the price of tea in China... it's based on investors FAITH in the country. It’s based on how people FEEL. The fact that we are talking about a FIAT currency, something that has no intrinsic value, takes all the rest of the cards out of play. The Iraqi Dinar is worth whatever people want it to be worth…and when TPB decide they are going to raise the value, there’s going to be a LOT of support for that move! We are in a great spot right now. Can I get a “GO RV!!
1-25-2017 Newshound Guru MadDScout Article: "Rasheed Bank in line with an international company of the Comprehensive Banking System Requirements" More banking reform being implemented...Laws being applied evenly...Upgrading the technology and moving into "international" requirements...
1-25-2017 Newshound Guru Adam Montana Things are heating up, and it's starting to show! The DOW just hit 20,000... There is pretty much nothing holding HCL back...Maliki was a thorn in our side. We can ignore him now. [HCL the final hurdle or others to consider..?] The thing is - everything is tied to the HCL. SO MUCH is going to happen all at once when the HCL is done, it's really the "all encompassing" factor.
1-25-2017 Intel Guru Frank26 Hey CBI...another question...wasn’t it Kuwait that recently came to Iraq...signed some documents and quickly took off...then bragged that they signed some deals for about $1.26? Kuwait has a tendency to expose themselves. I don’t know what the rate is inside of Iraq...but in my opinion...it’s jumping all over the place. But...to go INTERNATIONAL with a program rate...they know that won’t work... The program rate...is still being left out of the CBI website...which means they can post a rate anytime they want...we know they will FLOAT THE IQD once they eliminate the 3 zeros. [post 2 of 2]
1-25-2017 Intel Guru Frank26 Didn’t we already suggest that it could be 1 to 1? They are slowly growing to the 1 to 1. Is that why there is no exchange rate...anywhere on the CBI website to be found? Hey CBI...wasn’t it about 4 years ago that Kuwait...on their bank spreadsheet... showed for about 48 hours...showed a rate for the IQD at 35 cents...and remember when everyone got excited and they called the CBI...and the CBI had to deny it? And then about 48 hours later, Kuwait removed the rate. [post 1 of 2....stay tuned]
1-25-2017 Newshound Guru loop Article: "High degree of optimism about Iraq's credit rating" Quote: "The rating agency Standard & Poor's, the largest credit rating agencies in the world, has recently proven its credit rating for Iraq at B- / B in spite of the fluctuation of oil prices and a height of caution and gave him a stable outlook." the (S & P) pointed out that Iraq possesses huge reserves and has substantial oil exports, thereby reducing the concerns in this area. ...ASK YOURSELVES THIS...WHAT HAS CHANGED? IF...ALL THIS NEWS DOES NOT MAKE YOUR SMILE THEN YOU NEED TO REREAD THE NEWS FOR THE LAST 4 MONTHS.
1-25-2017 Newshound Guru Kaperoni Article: "Dollar drops to 1274 dinars in foreign exchange markets in Iraq" 1,282 is the rate reported by the CBI. [CBI updated the market rate today to 1270--See Dinar Guru Resource bar on the left for Official CBI Dinar Rate and Market Rate]
1-25-2017 Intel Guru Bruce Concerning Iraq, just when we think everything is done with Iraq, we found there were 4 more laws to be passed this morning [Tuesday]. One of those laws was the National banking law. The law the rate would be held in. ...At 10am Iraq time this morning, this occurred and...all 4 laws were passed. ...those need to show up in the Gazette to make it official. My understanding is the rate is in the law and the budget. Both the budget and the rate will be visible very shortly. I am hearing everything is done now...In the way of true Intel right now as it stands, we are at a precipice of this going any day...it looks like everything I have heard and more recently in a text, we should be there before Saturday or even Friday. We are in a great position for this week. [post 2 of 2]
1-25-2017 Intel Guru Bruce ...Iraq has had a new rate in back of their screens in our banks since January 2? Today I understand, they have a debit card, Qi card, for the Iraq people, and globally wherever this card is held, today the rate is $4.64. That is a new rate. What is interesting is it appears to be a rate that might be available today and used around the world today. I think there is a greater rate coming. The first part of that rate, the $4, should increase quite a bit with a change of rate by the CBI. [post 1 of 2....stay tuned]
1-24-2017 Intel/Newshound Guru Mnt Goat Quote: "Class US site of the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement. According to the order published on [howmuch.net] the US, the GCC currencies were among the strongest Arab currencies, are the bottom, including Iraq, Lebanon and the countries of the list." What they are telling us is the Iraqi dinar deserves a much higher ranking among the GCC countries but where is it today? Compared to the other countries Iraq will very soon rise out the ISIS crisis. How will this happen? We all know and its coming soon. This is the point of the article.
1-24-2017 Newshound Guru wmawhite Article: "Iraqi Central Bank, all banks to stop providing drafts bills and import licenses on the sale of currency window, pointing to comply with the electronic system" This is significant. The IMF encourages all central bank to have the exchange/sale of foreign currencies within their country to reside within the banking system. Not at the central bank. This article shows that the CBI is engaged in completing that task. The CBI just put out the instructions a week ago and today it is telling the banks to get with it, follow the instructions.
1-24-2017 Intel Guru ADMINBILL WE ARE APPROACHING GOOD TIMES ... PERHAPS AS EARLY AS LATER IN THE WEEK BUT SURELY IMO NEXT WEEK.
1-24-2017 Newshound Guru wmawhite [...I dont believe that a RV will change the corruption in Iraq.] You are correct...and why is that? Answer: because the IQD will NOT change in value within Iraq. Corrupt people will continue to look for ways to benefit off of other people's hard work.
1-24-2017 Newshound/Intel Guru BGG [...any idea why the date on the CBI site has been frozen at "Indicative rates - 04.01.2017"?] I have offered my opinion - it has something to do with the recent changes in how they do things within their banking system (going on right now) - and while odd, may have nothing to do with a change in value. I did not say - "nothing to do with currency reform" - because, if it has anything to do with the recent shake-up in their banking structure - then obviously, it has something to do with "currency reform".
1-24-2017 Intel Guru Frank26 We should be seeing very soon...at least this month, walking into next is the release of Chapter VII in an official manner...so that the budget...so that auctions...can be defined a little better. Where is the budget? In the Gazette. Shouldn’t it be open and implemented right now? No. Why? Because it has a program rate. So why don’t they use it? Because they are waiting to change their rate. ...any time after the 20th (time frame) until the end of the 1st quarter (Friday, March 31st)...From the 20th until the 31st of March...this thing is loaded for bear!
1-24-2017 Intel Guru Frank26 I believe that the MCP, the MOI, the MOU, the LOI’s are no longer necessary. You know why? Because we are beyond the Monetary Reform. What I believe is that right now...Iraq is going through a phase ...entering their NATURAL POSITION in the INTERNATIONAL world. Everything you are seeing right now has to happen with URGENCY! There are spots in Iraq that are fighting against the program rate. Some are very well aware about what is going to happen with their currency. Iraq is driven by money...and at this point...I believe that they are maximizing their investment...their currency.
1-24-2017 Intel Guru Frank26 We told you many times...Mosul is NOT part of the monetary reform...but Mosul is a requirement for it – in the sense of security / stability. You have seen some dramatic events to that fact (regarding Mosul) in the last 72 hours. Did we not say that once we have Mosul, very quickly you’ll have the MR? – and I still stand by that. Now, last week they told us they have liberated Mosul. Turns out they were talking about liberation of certain pocket areas but not all of Mosul yet. Let us agree that Mosul is NOT fully liberated yet...but very, very, very close.
1-24-2017 Newshound Guru Mnt Goat Article quote: "Iraqi army and coalition forces prepare to expand their offensive against the Sunni militants into west Mosul." ...sounds like this week that are going to begin the offensive battle in the western section of the Mosul region...As I write this news letter I was just informed the northern section of Mosul is not liberated. Let’s wait and see what they tell us in the news. Remember we wait for the pm Abadi to make a formal announcement of the total liberation of Mosul. This is our queue that the CBI might launch those lower denoms and get this process rolling. This could literally happen in the next week or less.
1-24-2017 Intel Guru ADMINBILL IF YOU CALLED THE AMERICAN EMBASSY DO YOU BELIEVE THEY WOULD RELEASE A DISPATCH THAT WAS MEANT TO BE PRIVATE TO YOU? I THINK NOT. AN IRAQI CITIZEN CAN CALL THEIR EMBASSY ANY TIME THEY WISH. THAT DOES NOT MEAN THEY WILL BE GIVEN ACCURATE INFO ANY MORE THAT WE WOULD GET FROM OUR OWN. IT IS STILL MY UNDERSTANDING WE ARE IN A VERY GOOD POSITION THIS WEEK. I DO NOT WANT TO GIVE A TIME FRAME...IT SHOULD BE SOON. [post 2 of 2]
1-24-2017 Intel Guru ADMINBILL I...RECEIVED A PM FROM ONE OF OUR MEMBERS WHO SAID "From asking my Iraq friends here in town about the memo that have been sent to the embassies about raising the value of the dinar, 4 embassies been called and that turned to be not true, no memo were sent..." [reference ADMINBILL post 1-21-2017] IT IS IMPORTANT THAT WE PAY ATTENTION TO ALL INFORMATION WHETHER IT IS GOOD, BAD OR INDIFFERENT. I AM AWARE OF THE SOURCES I RECEIVE MY INFO FROM AND I AM CONFIDENT OF IT'S ACCURACY HOWEVER I WILL NOT DISCOUNT THOSE THAT GIVE ME INFORMATION. I SEE NO REASON TO BELIEVE THIS NOT TRUE. ...IT WAS REPORTED AND THE SHARED WITH YOU AS INFORMATION TO DIGEST. [post 1 of 2....stay tuned]
1-23-2017 Newshound Guru jaxjags To me, the CBI would never make it known that those notes would have a place in the market place unless they believe the "market conditions" will change in the near future. Again, IMO, we are close to seeing an aggressive move on the part of the CBI to let the IQD find its true value...whatever that may be. [post 2 of 2]
1-23-2017 Newshound Guru jaxjags [new Guru] Concerning the appreciation of the IQD, I have no idea exactly how it will appreciate. However, I believe the CBI will be aggressive in its pursuit. The CBI stated in numerous articles starting back in November 2016 that the 50, 100 and 200 IQD notes would appear in early 2017. Of course, that is a forecast of "need" concerning those notes, NOT a forecast of "value" of the currency. [post 1 of 2....stay tuned]
1-23-2017 Intel Guru RayRen98 We are getting blow-by-blow updates about Mosul; we understand that eastern Mosul has celebrations, with northern Mosul tagged to be completed by yesterday. There was a large offensive in western Mosul, too. The updates say that Mosul is already celebrating, although the northern and western areas are not completely liberated. On Iraqi television, they are telling citizens that any minute now they will have Mosul completely liberated. There are now 27 banks actively dealing in dinar, for those who say this is a scam. You already know about the Iraqi embassies being notified for a currency value change, we just don’t know when. This could very well be The Week, although certain things still need to be made public. But it’s looking good, sounding good, and I’m feeling good about where we are.
1-23-2017 Newshound Guru Breitling …Never has there been 50 Trillion dinar in circulation…this is not an opinion... The market responds to how these people [Sunni, Shia Kurds] treat each other. I understand that. But they are going to add value to their currency anyways. That is one of the tools they want to use to try to bring everyone together…to accomplish that hey have to establish a financial base so people don’t get desperate and make these proxy wars. Hopefully. That’s what they’re thinking. The Sunni and Shia are not in competition where one wants to add value to the currency and the other one doesn’t. Or even the Kurds. They all want value to be added….when it comes to currency and the markets…there is no differences of opinion about that. They just argue about who gets to rule what. Iraq is a fantastic opportunity. That has not changed. Every trend in the market…on how a currency goes up, Iraq is doing it…zero hype.
1-23-2017 Newshound/Intel Guru BGG [Anyone have any idea why the CBI hasn't updated their exchange rates on the web site since the 4th? Seems kinda odd.] …no one has any idea. Longest stretch in the last 5 years they have not updated.
1-23-2017 Newshound Guru wmawhite Article: “Class US site of the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement.” Quote: “According to the order published on [howmuch.net] the US, the GCC currencies were among the strongest Arab currencies, are bottom, including Iraq…" …the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement. Folks,...ask yourself why does this particular short article appear in an on-line business publication that out of all of what is happening in the ME it points out this?
1-22-2017 Newshound/Intel Guru BGG …When there is a value change - we will know. The value of the Dinar was spoken to directly by the Gov of the CBI several times in the few days. Going down is not what he said. …we are really close... they are handling financial, economic and currency reform items every day. The news about the Commercial Agencies Law being voted on shortly is HUGE. Big companies won't go to Iraq if they have to hand their business over to an Iraqi. We should be very encouraged. The factual info is plenty encouraging.
1-22-2017 Newshound Guru loop Article: “International Monetary showing satisfaction of Iraq's efforts to meet the credit requirements of the program” Quote: "…satisfaction with the efforts made by the Ministry of Finance and the Central Bank of Iraq and other ministries in the area to meet the requirements of the program," adding "it is going according to timings marked in the program," according to the statement...it is going according to timings marked in the program...The IMF is satisfied with the progress of the SBA! BOOM.
1-22-2017 Intel/Newshound Guru Backdoc THE MR (monetary reform) FOR IRAQ IS NOW A THING OF THE PAST SINCE THEY HAVE DONE EVERYTHING THE IMF HAS ASKED OF THEM. EVEN IRAQ SITS QUIETLY IN THE GLOBAL ROOM, AWAITING A SECOND REVIEW OF THEIR STATUS WITH THE IMF IN MARCH! IRAQ WENT FROM HAVING PREVIOUS BUDGETS IN DOLLARS TO NOW HAVING A BUDGET IN DINARS, YIPPIE! EVIDENCE CLEARLY INDICATES THEY ARE TRULY INTERNATIONAL. THE RECENT INTERNATIONAL SALES OF EURO BONDS ADD TO THIS FACT. WE KNOW THAT ONCE THEY ADMIT THEIR EXCHANGE RATE IT MUST BE AT LEAST 1 TO 1 TO BE IN COMPLIANCE WITH THE PARIS CLUB AGREEMENT. THEY COULD COME OUT WITH A MANAGED FLOAT, OR THEY COULD COME OUT WITH A FREE FLOAT AND EVENTUALLY LOCK IN A MANAGED FLOAT.
1-22-2017 Newshound Guru loop Article: “Finance issued government bonds secured one billion dollars” Quote: "foreign banks praised the interest rate achieved by the Ministry of Finance for these bonds compared to similar cases to other countries, the issue is guaranteed by the United States government bonds." The EU BONDS ARE READY (ISSUED) AND THE FORIEGN BANK PRAISED THE INTEREST RATE ACHIEVED! So what's changed from last year? As evidenced by the shear number of MoUs and other agreements Iraq has made with countless countries. THE WORLD LIKES THE ACTIONS THE IRAQ HAS TAKEN TO CORRECT THEIR ECONOMIC COURSE AND THEY ARE SEEING THE POTENTIAL TO MAKE LOTS AND LOTS OF MONEY. AND THE SPEED AT WHICH THESE BONDS CAME OUT IS AMAZING!
1-22-2017 Intel Guru Bluwolf All things pending that pertain to what me and you have been waiting for are now in fast track believe it or not.
1-22-2017 Newshound Guru loop Article “Iraq Stock Exchange recorded an increase the value and number of shares during the past week” Quote: "There is a rise in the number of shares traded last week by (129.85%) compared to per week, which was accepted, while there was a rise in the total value of shares traded last week by (154.78%) compared to per week, which was accepted." The ISX had a good week last week. Week over Week increase in trade volume by 129.85%...Week over week increase in share value 154.78%. WOW. Wonder what sparked the sudden activity?
1-22-2017 Intel Guru Frank26 [If the CBI website (arabic side ) is still not showing a rate, how long can that continue? I am wondering what requirements, if any, there are for reporting the exchange rates at a given interval?] Yes… It's called an RV…
1-22-2017 Newshound Guru 1bobby Article: “Rafidain Bank, said Saturday that his predecessor granted 10 million dinars for State officials to have smart card activated receives her monthly salary.” These are the cards that will reduce the note count and add liquidity to the banks. Remember the 3 Ministries that agreed to have ALL employees salaries issued thru this card? Also the Rubber Industry agreed to the same with their employees (19,000 or so) This “10 million” advance was aimed at the :shortcomings” of the salaries due to the economic crisis. Employees that sign up, thru the smart card, will be eligible for these advances. Just inner workings that have been going on for awhile now. They had to get the Ministries approval and get their ducks in a row before proceeding with this program. Bottom line is...reducing note count, adding liquidity to the banks.
1-22-2017 Intel/Newshound Guru Mnt Goat I can hardly believe all that I am seeing happening with these Iraqi economic and financial reforms. It is all so amazing and I fully believe Iraq is now on a FAST TRACK.
1-21-2017 Newshound Guru loop ‘’Rafidain Bank confirms the grant in the 10 million dinars for employees to Card Holders” Rafidian is working overtime on strategies to get the citizens to start using the banking system and feel safe doing so.
1-21-2017 Newshound Guru mike Article: “Iraq opens the door to possibilities deletion of zeros from the local currency” Context is important: "the rumors about the Iraqi dinar at risk and prone to degradation and decline in comparison with other currencies as dollar, is not true," adding that "Msatralih dinar fully and that in progress." What he's trying to do is convince the critics that the dinar isn't at risk or in decline, his response to that criticism is that there are plans in place to strengthen the dinar, at the minimum, the dinar's MCP should be within 2%, not the 9% that it currently is today.
1-21-2017 Newshound Guru Breitling …There are 3 windows Iraq has been talking about. There are no specific dates or months. They’re simply watching the markets. There’s also reaction on how they are handling ISIS. Having said that, they have a plan if the civil war between the Sunni and the Shia continues…they are going to add value to the currency, so they have ways to get around that. In 2017 they specifically talked about 2 opportunities to raise the value of their currency. At what speed, at what point, at what time? They never really said. I simply don’t know but I do know windows are coming up. We passed one…that was back in November and that was based on how they were watching the markets…that point passed. If these two windows in 2017 are missed they are going to revalue anyways so it really doesn’t matter…I don’t know the exact dates I really don’t. If I was to calculate, probably the end of spring…That’s a guess and I rarely do that and that’s pushing it, it truly is. That does not mean they can’t revalue tomorrow by the way.
1-21-2017 Intel Guru ADMINBILL UNCONFIRMED INFO FROM ACROSS THE POND FROM EARLIER TODAY: BAGDAD SENT NOTICES TO ALL THEIR EMBASSY'S YESTERDAY THAT THERE WILL BE AN ADJUSTMENT OF THEIR CURRENCY VALUE. IT IS SIMPLY A MATTER OF WHEN. WE HAVE A FAIR TO GOOD SHOT AT THIS WEEKEND OR THE COMING WEEK.
1-20-2017 Newshound/Intel Guru BGG Kuwaiti Dinar is still considered a thinly traded "exotic"...Iraq is almost certain to land in this category... no biggie - it's alot like you're all sitting on a penny stock about to get listed on the big board - no matter where it goes, it's gonna' be good.
1-20-2017 Intel Guru Frank26 […if the rate comes out over $3.00, do you still suggest to hold some back for a few months?] IMO ... This scenario will not happen ... The UST learned from KW... "We are now just watching everything unfold like clockwork!" From this 20th .... Forward... To see the MR unfold. Yes ...AFTER THE 20TH ... In this Mookla First Quarter.
1-20-2017 Newshound/Intel Guru BGG […do you find it odd we haven't seen any statements from the World Economic Conference by Iraqi officials?] I do - I find a lot of things VERY strange lately...so much progress - much like the IBAN being accepted and utilized and we heard about it a week later… anyone notice the CBI has updated their Currency Buy/Sell listing on their website since 1/4?? …very odd (to say the least)...we may have to be digging to find the exact time of any value change - we use to say "just check the CBI". That's out the window... …it's gonna' happen overnite - we will (hopefully) know quickly, but we might have to dig and verify. IMHO. [Is there any chance that we have already had a value change, but has not been posted on the CBI?] anything is possible - but we have such broad contacts, I just doubt it has. [If we dont look at the CBI for the rate change, where will we find that information?] We're gonna' be looking at everything in context... probably some kind of "inter-bank memo" since they in the process of "re-engaging" right now. [can they have a rate and not showing it? How are they doing business other wise?] …the "not showing" part is not a long term thing - we'll know pretty soon. No matter what.
1-20-2017 Newshound Guru Breitling …It’s not what they’re saying it’s what they’re doing is what you need to understand the most…the CBI said they’re going to raise the value of their currency. The Ministry of Planning, parliament say the value is going to go up. I don’t need them to say anything if I’m watching their maneuvering and I understand how they’re going to compete. Then I understand how they’re going to add value to their currency. I really don’t have to hear anybody “say” anything. I just watch what they do. It’s not what they say it’s what they do that’s most important and the CBI is maneuvering in our favor if you’re investing in Iraq. So don’t get too crazy on what everybody says…just watch what the CBI does. Watch what the ministry of Planning is doing and how they’re doing it.
1-20-2017 Intel/Newshound Guru Mnt Goat …the RV is pending due to having the needed security and stability and this “security” is the needed stability the CBI keeps talking about is the liberalization of Mosul and this “stability” in getting the banking sector up and running along with fighting corruption and money laundering. They are doing this in amazing speed with new regulations and internal and international standards. I hope that by now you all realize this is the goal and the way to get the RV. So the FACT is at some point they need an international currency once in article 8…they have already promised to abide by all the articles and conditions. They also do not yet have a global currency from the sense necessary for what we want. The IMF is closely working with Iraq to get them to the place they need to be to meet all these conditions of article 8. This movement to article 8 is dynamic and ongoing.
1-20-2017 Intel Guru Bruce Tuesday night we talked about is the plan for us to have this blessing prior or after the inauguration of President Trump. On Tuesday I told you I believed the intention was to have it prior…we still do not have the Go signal…I am not sure I can say it will happen prior to the Inauguration. Could something happen over night? It could be possible. Maybe all breaks loose with the release we are looking for…shortly after the swearing in of the new president. That would be wonderful. We are hearing also Iraq’s Prime Minister Abadi is in Iraq still and is sort of waiting for the announcement to come so that he can release the dinar internationally. It has been revalued in the country. I am excited where we... The timing is close. I believe everything is ready. Our time is coming shortly.
1-19-2017 ** Dinar Guru Community News ** I'm saddened to report the dinar community has lost another guru. Guru RCookie has passed at the age of 53. Whether you agreed with his thoughts on the dinar or not he brought passion and a unique perspective for us all to enjoy and debate. RCookie added much to the conversation. He will be missed dearly. Our thoughts and prayers are with his family. The latest guru posts will continue below...
1-19-2017 Intel Guru RayRen 98 WE ARE NOW UP TO 21 BANKS, 3 CREDIT UNIONS & 5 CURRENCY EXCHANGE DEALERS AND COUNTING...180 DEGREE CHANGE - THEY ARE NOW EXCHANGING THE IRAQI DINAR. FOR ALL INTENTS AND PURPOSES, INTERNATIONAL ACCEPTANCE IS UPON US!
1-19-2017 Intel Guru ADMINBILL I WOULD SAY THAT FRANK'S [GURU FRANK26] WINDOW IS VALID FOR A NUMBER OF REASONS. (20th of Jan. to the end of the 1st quarter) PRIMARILY THE FIRST QUARTER INCLUSION IN MY PERSPECTIVE WOULD INCLUDE THE PUBLIC PAYOUT WHICH ALLOWS THE VALUE OF EACH CURRENCY TO STABILIZE. [i see the can getting kicked down the road again...] FROM WHAT I HAVE BEEN TOLD OUR CAN WILL BE OPENED VERY SOON. IT IS MY IMPRESSION THAT THE GOAL IS TO HAVE THE MAJORITY OF CURRENCY EXCHANGED IN THE FIRST QUARTER. MANY COUNTRIES ARE INTRODUCING NEW CURRENCIES AND WOULD LIKE TO HAVE THE OLDER DENOMINATIONS BACK IN THEIR POSSESSION TO BE DESTROYED. I WOULD ASSUME THAT AT SOME TIME IN THE FUTURE THE OLD CURRENCY WILL NO LONGER BE ACCEPTED AND BECOME WALL PAPER.
1-19-2017 Newshound Guru Breitling So I back everything I say by numbers…When’s the starting point? The CBI doesn’t even know…Like I said it’s all market based…I have not lost any confidence at all. I’m just as confident as when I first got into it, in fact more so because remember when I first got into this we projected that based on the information we had at the time it was only going to go to .4 cents per dinar. That was it. Then the CBI, Ministry of Planning, the Minister of Finance…these guys changed their minds. It’s all there in black and white. Nothing’s changed. So you should be very very confident in the numbers. It’s not my opinion. My whole message is not about opinions. You can eliminate all opinions.
1-19-2017 Newshound Guru mike M0 money supply is my main sticking point to adding value to the dinar. I'm "all in" with the data from the CBI that relates to how much currency is out and I can't see a sudden rise in the dinar. Let's see what happens in the first or second quarter...
1-19-2017 Intel Guru Frank26 Iraq will be international...better yet Iraq is international...it is just that no one is doing any business with them right now...because they have a program rate because that would be illogical to do business with a program rate...in fact...Allak never said we are going to be international at a program rate...no...he said...we are going to be international and to lift the 000’s would definitely benefit us...he talked about adding value... ...on the CBI website...all in Arabic ...they are all sitting there with empty slots waiting to be filled in... [reference Guru Frank26 post 1-18-2017] [post 2 of 2]
1-19-2017 Intel Guru Frank26 ...I made a mistake...I told you that Abadi needs to be in-country for the RV to occur...my humblest apologies...Abadi does not have be in Iraq for the RV to occur... [Guru] DELTA...said that Abadi needs the Monetary Reform...the CBI needs the Monetary Reform...the GOI needs it...for their international credit...for their trust... They are working on a lot of laws...these laws are for the GOI...not for the CBI...the CBI has all the laws they need...we told you the CBI is sitting there waiting waiting for the GOI to pull the trigger...waiting for Abadi to point at the CBI whoever is in charge out there and pull the trigger...the CBI has all of their laws...in fact their laws are for international structure and standards...the CBI is ready. [post 1` of 2....stay tuned]
1-19-2017 Intel Guru ADMINBILL OTHER THAN A NEW START LET'S SEE WHAT FRIDAY BRINGS US. I CONTINUE TO HEAR GOOD INFORMATION THIS AFTERNOON [THURSDAY]...
1-18-2017 Intel/Newshound Guru Mnt Goat Article: "Anmguetrah announcement of the establishment of the Supreme Economic Council" Quote: "...It announced a number of business men and academics in the field of economics, Saturday, for a proposal for the formation of the Supreme Economic Council." wow! We have waited so long for this to happen, finally it is here.
1-18-2017 Newshound Guru Adam Montana ...I’m very upbeat about the Dinar right now. More so than I have been in quite some time! We have Budget activity that is more timely than at any point in recent history. We have major talks of buttoning up major aspects of the Infrastructure, which is key to this all coming together. We have open spots in Parliament that are slated for completion as soon as next week. And for the biggest, perhaps most exciting “clue” of the decade… Article: "Oil announces the completion of a draft oil and gas law and send it to the Secretariat of the Council of Ministers" We’ve got a few days or weeks, but things are MOVING in the right direction! This is a PERFECT time to make sure you've got your ducks in a row...and maybe even a "prep list" of things to be sure you have and ready to pack at a moment's notice! We are at a point where I feel a sense of urgency to get every last detail checked and fine tuned...BOY am I getting just a tad excited!
1-18-2017 Newshound Guru loop [Just curious if there is a purpose for why the CBI would put the banks through the process of selling the dollar on a large scale rather than change the value of the dinar first and negate the need for selling the dollar...any thoughts on that?] As Alak has said the selling of the dollars will continue at present. It is the way that their economy is functioning and to just stop it would collapse the economy. When the time is right to stop selling the dollars they will do so. It is a process and as anyone who is looking can see they implementing new measures everyday to to give themselves the greatest chance of success when they decide to do away with the imposed rate.
1-18-2017 Newshound Guru Breitling ...With the Iraqi dinar I stand by the numbers. The numbers say they’ve reduced the note count. They said they are going to add value to their currency. They have all the opportunity in the world to add value to their currency. They are not a 3rd world country like people think they are. They were in trouble and are in trouble and in financial chaos because of geopolitics. Can they get out of it? Sure. I personally think they can. I think they will. Can they get their currency back to the original value before Saddam Hussein started screwing with it? I think they can. That’s why I invested in it. That’s why I speculated and say I think they can do it and gamble on this. [Post 2 of 2]
1-18-2017 Intel Guru Frank26 ...one of the things that [Guru] DELTA has been watching for a while...the Indicative Rate on the CBI website on the Arabic side...there is no program rate since January 4th...he said you do know there are a total of three places on the website where we follow the program rate...he said yeah since January 4th of this year they haven’t put up any rate whatsoever on one of the three, but last...Friday morning all three slots are empty...I said obviously IMO I think they are getting ready to put up a new rate and remove the program rate they have had as handcuffs for a long time...the CBI cannot have two exchange rates as ones posted on the CBI website...it is against the law...that is why I think they took the program rate off the other two slots and all three slots are empty and ready to be filled in...there is a rate IMO...that is coming.
1-18-2017 Intel/Newshound Guru Mnt Goat Many articles are most revealing and positive. We know fixing the security breach with ISIS was planned for completion at the end of 2016. It has not yet happened and so we wait. It is my firm opinion (and the information told to me by my CBI contact) that it is now all a matter of physical security and banking stability. Huge, huge worry about money laundering and what might happen if they don’t fix this situation prior to the RV. Have you not seen them working diligently and very hard in these two areas lately? Why do you think they are doing all these reforms?
1-18-2017 Newshound Guru Breitling The currency reset? what the hell is that? It doesn’t even exist and people are buying dinar because of it? If you’re going to get into an investment get in for the right reasons. With that said…I back every single thing I say, every number that I watch…It comes from the CBI, the Ministry of Planning, the Ministry of Finance and Parliament. You can’t get around it. They are the ones who are saying they are going to add value to the currency…not me. I’m just following it. It’s not like one day I just woke up and said I should go out and buy dinar…Iraq has the ability to add value to their currency and they have the ability to do exactly what they said they are going to do…get their currency to a buck. [Post 1 of 2]
1-18-2017 Newshound Guru loop Article: "The central bank issued new instructions to regulate the process of selling the dollar" Quote: "...the instruction stresses the need to achieve the main objective of the Central Bank, a knowledge of the ultimate beneficiary and the preservation of hard currency for Iraq through the optimal use in order to serve the national economy and sustainable development..." "a knowledge of the ultimate beneficiary" The IBANs make this very easy to track. The actions that are happening in the bank sector right now are a huge indicator of where Iraq is headed and that should make everyone in this room very very excited.
1-18-2017 Intel/Newshound Guru tman23 Article: "Central bank: deletion of zeros from the currency deferred for the time being" Deferred for the time being...When I read this... my first thought was... THEY ARE READY TO GO... To say deferred for the time being is NOT "Iraqi LINGO"....If he had a teleprompter I would say the UST was on the other end typing...I expect to see BIG NEWS at anytime and not thinking in terms of weeks.
1-18-2017 Newshound Guru loop [did the budget ever get in the gazette yet?] Yes. The Budget was published in the Gazette on Sunday.
1-18-2017 Intel Guru Bruce The flag ...the gift from China...in Mosul...is in a very special part of the city, it is flying...we are looking to get some type of acknowledgement of take back of Mosul and the new international rate for the Iraqi dinar. Is the rate in the budget? Yes. It is in the Gazette? Yes. Visible to us? No, still being kept from us. Just like Mosul. We are looking for that to be revealed. As far as Iraq concern, they have done all they were suppose to do. Everything is pointing to pre-Inauguration.
1-17-2017 Newshound Guru mike Article: "Iraq opens the door to possibilities deletion of zeros from the local currency" Quote: "...the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." ...the CBI is working towards adding value to the dinar...the CBI didn't specify a date, they're still waiting on appropriate conditions and they want to make sure all their T's are crossed and their I's are dotted before they start. I think it's pretty safe to say...that Iraq needs to do some things before the dinar will gain in value: 1) Get the MCP below 2% 2) Remove Exchange Restrictions 3) Pass the long overdue legislation related to the the banking and economy verticals. 4) Create the open market that's necessary to increase demand.
1-17-2017 Newshound Guru hutch ...we do have an idea of what is happening...if you look at their 5 yr plan that has been set out by shabibbi, saleh and abadi... they are sticking to it. And it is playing out. The LOI's, MOU's have it all set out as to what their goals are and how to achieve them. And its working.
1-17-2017 Newshound Guru wmawhite [...wouldn't reducing the note count to the point of a liquidity crisis force a rise in the value based on supply and demand once the Dinar is free to go up in value?] The note count has an effect in country, but only the CBI sets the value outside the country.
1-17-2017 Intel Guru ADMINBILL LIFT OFF IS IN SIGHT. AND IT COULD BE BEFORE THE INAUGURATION. NO PROMISES BUT THE LINES ARE BUZZING. REMEMBER, WE HAVE HEARD IT ALL BEFORE BUT THIS IS VERY WELL SOURCED. UPDATE INFORMATION: I just received a personal message and got permission to share with everyone: Tonight [Monday] brings excellent news with a possibility of an increase in value of all currencies between shortly before and shortly after the inauguration. This information is new tonight with multiple separate sources in agreement. ...it appears we are inching rapidly to the finish line.
1-17-2017 Newshound Guru mike Article: "Iraqi dinar is not in danger and delete the zeros Postponed" Quote: "revealing that the deletion of zeros from the currency, deferred for the time being." The loose translation for defer is "to put off (an action or event) to a later time; postpone." And then he states: "the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." He's telling us they don't have a date, they're just waiting for the right conditions to move forward. In order for a currency to have value it needs several things like political stability, free from conflict and a economy that produces and exports products to create demand for the currency...once they raise the value the prices will change, 10,000 dinars today will buy you five packs of smokes, 10,000 dinars after it rises to 1-1 will buy you a Toyota pickup.
1-17-2017 Intel/Newshound Guru Mnt Goat Where is Iraq in this process? There is absolutely nothing to indicate to us any hold up or delay in the EARLY 2017 process to move forward with the “project to delete the zeros”. There was one new article about the project to delete the zeros and I believe this one was totally misinterpreted by many... Article: "Governor of the Central Bank's "Tomorrow Press": Iraqi dinar is not in danger and delete the zeros postponed already many times, going forward" I believe it is actually just the opposite. It is all very good news... It is not saying the project to delete the zeros is postponed again. The postponement part in the headings is simply telling us they did postpone it already way back in 2015/early 2016 and we are still waiting for it and that they are just delaying it due to...do to...SECURITY, SECURITY and the need for more SECURITY. The CBI is basically telling us its coming and so just hang on.
1-17-2017 Newshound Guru wmawhite A change in the prices of goods; the prices are what determine the size of the notes. Lower the prices, remove the large notes. What will change the prices of the goods/ marketplace? A dramatic increase in the value of the currency that is importing the goods. General stability, security = FINANCIAL security, financial stability, not military security. Alak is a bank manger, not a military... Alak is saying today the market conditions are not correct for removing the large notes...and he does not have a date for that...he will not have an idea when until he raises the value and we know he is preparing to do that. Two different things...One is removing them physically to lower the note count....the second is removing them naturally because the prices have lowered due to a value change. The prices in the market place need to lower in order for the citizens to use smaller notes, thus no need for the larger notes. [post 2 of 2]
1-17-2017 Newshound Guru wmawhite Article: "The Central Bank Governor for "tomorrow": Iraqi dinar is not in danger and delete deferred zeros" Folks...each of us need to pay attention to exactly what is said. Alak was referring to the large notes, the removal of the large notes from the currency. That is NOT the same as increasing the value of the currency. They are two very different events. ...this is pertaining to the removal of the three zero notes from the marketplace/from the currency; "the Iraqi Central Bank did not specify a date for the "...deletion of zeros from the currency dinar," This Statement is not about the change in the value of currency. He is saying that the prices in the marketplace are not appropriate yet in order to remove the currency. So, what will change the marketplace? [post 1 of 2....stay tuned]
1-17-2017 Newshound Guru My Ladies ON FRIDAY THE CBI CAME OUT AND ANNOUNCED AN INTENDED DOLLAR BOND SALE AND THEY ALSO SAID THAT THEIR FINANCIAL SITUATION IS SAFE UNTIL 2021. THE IMF AGREED WITH THIS. ALSO LAST WEEK IRAQ SAID THIS COMING WEEK THEY WILL BE SELLING THE DOLLAR DIRECTLY ACROSS 5 BRANCHES FOR THE OFFICIAL RATE WHICH FURTHER PROVES THE STRENGTH OF THE DINAR AND THE CLOSING OF THE GAP BETWEEN OFFICIAL RATE AND MARKET RATE. IRAQ DOES NOT NEED TO CHANGE THEIR PRICE TO BECOME INTERNATIONAL AND THEY MAY BEGIN TO TRADE, BUT THEY WILL NOT EVER PUSH A BUTTON AND JUMP TO 3+ DOLLARS, THIS IS NOT HOW THING WORK... [post 2 of 2]
1-17-2017 Newshound Guru My Ladies IRAQ ANNOUNCED...THE DELAY OF THE DELETE THE ZEROS PROJECT... THE WHOLE REASON FOR THE DELETION WAS TO PRESERVE THE CURRENCY AND THE NEED IS NO LONGER PRESENT...OTHER COUNTRIES HAVE DELETED THE ZEROS, AND IT IS A MAJOR UNDERTAKING AND USUALLY FOLLOWED BY A DEVALUATION OF CURRENCY, THE DINAR IS STABLE IS AT THIS TIME. THE GAP BETWEEN THE OFFICIAL RATE AND THE BLACK MARKET RATE IS CLOSING. ...AT THIS TIME THE OFFICIAL RATE IS 1182 AGAINST THE DOLLAR AS OPPOSED TO 1300 AGAINST THE DOLLAR WHICH IS THE MARKET PRICE... [post 1 of 2....stay tuned]
1-17-2017 Newshound/Intel Guru BGG Article: "Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed" [AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO!...does this mean Mosul?] probably - (my take)...it really looks like control of Mosul (and liberation) seems to be some kind of criteria (set for them by someone else). however, there are numerous references to this happening soon. ...in my book - that doesn't negate any of the earlier CBI comments about the beginning of 2017 - sounds a bit like they may have had it planned for sometime before now and some calculus has put things off a bit...like Mosul? ...AND Alak makes no mention of "how long" it is "postponed" (or what their original intended start date might have been)... a day - a week - a month?? He's talking to a reporter. Could mean anything.
1-16-2017 Newshound Guru rcookie [Any comments on this article? "Governor of the Central Bank of Iraq on the Keywords Governor of the Central Bank's "Tomorrow Press": Iraqi dinar is not in danger and delete the zeros Postponed"] THIS ARTICLE IS AN AFFIRMATION OF EVERY STATEMENT MADE IN PAST CONCERNING IQD MARKET STABILITY AND DISPUTE OF DEGRADATION...REASSERTS THE FISCAL OPERATIONAL DISCIPLINES APPLIED BY THE CBI...AND ALSO RESTATES THERE IS NO DATE SET FOR THE DELETE ZEROES PROJECT (WHICH THEY WILL NEVER ANNOUNCE)...AND AWAITS THE APPROPRIATE MARKET CONDITIONS AND GENERAL STABILITY OF THE COUNTRY...ALL IN THE INTEREST AND SCOPE OF ASSURING THE SUCCESS OF THE PROGRAM...THEY HAVE THOROUGHLY PLANNED THIS PROGRAM OUT IN ALL OF ITS COMPLEX STAGES AND ACTIONS...AND ARE AWARE...CONFIDENT AND IN PURSUIT OF ATTAINING THE ACCEPTABLE WINDOW OF METRICS TO LAUNCH...SO TO ALLOW FOR MAXIMUM SUCCESS...NOT LEAVING ANYTHING TO CHANCE...
1-16-2017 Intel/Newshound Guru Mnt Goat Article quote: "Iraq announced today that it completed the process of fulfilling the commitment before the last to exit from under Chapter VII of the UN Security Council, stressing that it was left only has complete compensation file with Kuwait." We can see they are telling us that Iraq fully plans to pay off the remainder of the war reparations to Kuwait using these frozen assets now in foreign banks. Folks I have to say it again this is WOW! news, history being made right in front of our noses... If you were the CBI governor and you knew the sanctions could hold back a plan to launch the lower denoms and RV the currency and finally move forward with international trade and open global investment, then what would you do? They found a way to pay it off very early and are moving ahead of schedule on this event. They need to do this to align with the EARLY 2017 project to delete the zeros. I do not think they are going to let this opportunity slip by again.
1-16-2017 Newshound Guru loop IF YOU LOOK AT THE ACTUAL QUOTE FROM ALAK HE DOES NOT USE THE WORD POSTPONED (THE REPORTER'S INTRO DOES), WHICH WOULD INFER THAT A DATE HAD ALREADY BEEN SET AND KNOWN... TO MY KNOWLEDGE AN ACTUAL DATE HAS NEVER BEEN ANNOUNCED TO THE PUBLIC... I THINK WE WOULD ALL BE VERY AWARE OF IT IF ONE HAD BEEN MENTIONED... THE CLOSEST THING TO A DATE THAT ALAK HAS SAID WAS THAT IT WOULD START EARLY 2017... [post 2 of 2]
1-16-2017 Newshound Guru loop Article: "Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed" SO A REPORTER FROM TOMORROW PRESS ASKS ALAK IF THE DINAR IS IN DANGER AGAINST OTHER CURRENCIES AND HE SAID NOT AT ALL WE ARE CONSTANTLY MONITORING IT, HAVE PROCESSES IN PLACE AND HAVE EVERYTHING UNDER CONTROL. THEN THE REPORTER ASKS HIM WHEN THE DELETION OF THE ZEROS PROJECT WILL START AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO! NO EARTH SHATTERING INFORMATION HERE. IT IS A PROCESS THAT WILL ONLY BE IMPLEMENTED WHEN ALL OF THE METRICS THEY ARE LOOKING FOR ARE MET. THIS WILL GIVE THEM THE GREATEST POSSIBILITY OF SUCCESS. [post 1 of 2....stay tuned]
1-16-2017 Newshound Guru mike Kuwait never RV'd their currency, they just reinstated it after Saddam was pushed out by Bush Sr. There was no full page ad denying the possibility either... As a note, Kuwait reinstated their currency on March 24th, 1991 at a rate of $3.47 to $1. Prior to the invasion the rate for the KWD was $3.50 to $1.
1-16-2017 Newshound Guru Islandg1211 The good news is that the CBI continues to move forward. Last week, Iraq's banks got their IBAN international bank transfer number codes. That's great news and really shows that Iraq certainly does plan to get the Dinar international again and off the UN sanction rate. Reports of more US banks buying and selling Dinar is also good news, testing the system, adding the Dinar, and making it internationally acceptable. Neither the IBAN codes nor the sale by banks of the Dinar make practical sense without the RV. [post 2 of 2]
1-16-2017 Newshound Guru Islandg1211 East Mosul is about 80% liberated. The rest of East Mosul shouldn't be a problem. At that point, Mosul would only be 50% liberated, while the other half would not even be staged. DONT BE CONFUSED BY ARTICLES STATING THAT THE "center of Mosul is secure," because it's only half of circle with the river cutting through it... WEST MOSUL IS A SEPARATE BATTLE. But, up to now, the Pentagon and the CBI have told us everything that they are doing, and right now they are looking at needing a few more months to get both Mosul and the RV done. I've always been of the opinion that the RV would happen in the month of April, so hopefully enough progress will be made by then. In any case, both ISIS and the sanctioned Dinar rate will be gone in 2017. [post 1 of 2....stay tuned]
1-16-2017 Newshound Guru My Ladies ...WHAT IS IBAN? IBAN IS AN INTERNATIONAL BANK ACCOUNT NUMBER. THAT IS ALL IT IS AND NOT EVERY COUNTRY THAT DOES BUSINESS INTERNATIONALLY IS REQUIRED TO HAVE ONE. FOR INSTANCE THE USA DOES NOT REQUIRE ONE BUT SOME COUNTRIES DO IN ADDITION TO A SWIFT OR BIC NUMBER. NOW YOU CAN ADD IRAQ TO THIS LIST, BUT STILL THIS HAS ABSOLUTELY NOTHING TO DO WITH CURRENCY...MONEY WILL NOT BE FLOWING INTO IRAQ ON THE IBAN. IT IS NOT “THE” IBAN AND IT IS NOT A MEANS OF CARRYING MONEY, IT IS SIMPLY JUST ANOTHER ACCOUNTING SYSTEM AND IT IS NOT A PRECURSOR TO ANY SO CALLED “RV”...
1-16-2017 Newshound Guru Islandg1211 Article: "CBI News Press: DELAY OF PROJECT TO DELETE THE THREE ZEROES" The acting Gov of the CBI announced today that he has to again delay the RV. Abadi had hoped to liberate Mosul in three months time, from October to Dec 31. Allak had also hoped to RV in the beginning of this year, after delaying it three times in previous years. Allak doesn't specifically state that he is waiting for ISIS to be gone, for he also has to get everything done for the monetary reform. So, it isn't clear what is delaying the RV. He states today that he isn't even projecting a date. (Also, he can't say.)
1-16-2017 Newshound Guru Kaperoni That being said, I think the IMF stated just a week or so ago that the CBI only completed 3 of 9 benchmarks during 2016 as required as part of the SBA. So like usual, the CBI is behind schedule again. The good news is they are making progress, and they are implementing the requirements. I would expect that we are at least 3-6 months behind schedule at this point, but the CBI is not going to announce when they are going to get off the peg and float. And knowledge of moving from Article XIV to VIII will not be announced in advanced. We need to just watch the progress, let this come to us. It will happen..because there can be no market economy without it. [post 2 of 2]
1-16-2017 Newshound Guru Kaperoni Article: "Iraqi dinar is not in danger and delete the zeros Postponed" Quote: "the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." He stressed the central bank governor and the agency, the need to "ensure the success of the process of deleting the zeros requirements before starting out, so the central bank will continue technical preparations in order to be practical fit when deciding deletion." I don't see anything bad in this at all. ...the CBI must create the conditions for the project to succeed. Time is not unlimited here...they need to get started before the market economy can launch. [post 1 of 2....stay tuned]
1-16-2017 Intel/Newshound Guru Mnt Goat Article: "The fight against terrorism: the coming hours we will liberate the financial district in Mosul" Quote: "Revealed the commander of the Second Special Operations in the counter - terrorism apparatus Maj . Gen. al - Saadi Maan that the next few hours will see the Emancipation Proclamation financial district..." What does “Emancipation Proclamation” mean? It means in ISIS/Daesh context - proclaimed the freedom of Iraqi people enslaved by ISIS and Daesh forces throughout Iraq. It says in the next few hours, not days or months. It will be formally announced by the prime minister and broadcast throughout Iraq. It will be the key announcement we have been waiting for. They have been telling us to look for this now since mid December and now it is coming very soon.
1-15-2017 Intel Guru Frank26 How long is it going to take before we see these numbers change...the IBAN it was set up on the 2nd...they have been doing international transactions since the 2nd...well maybe yes...maybe no…it is set up to do it as soon as they get a non-program rate...without sanctions ...that is the reason why IMO there is no rate on the CBI website...If they are at Article 8...if they have lifted the 000’s from their exchange rate...well then the sanctions from Chapter VII should be lifted by now...IMO they are about to change...they are about to lift the 000’s from their exchange rate...the CBI is...implementing what they told you and me and the international world at the start of 2017...they said they would trade internationally in the early part of 2017...and I see all of the equipment...I see all of the necessities...for them to do exactly that. [post 2 of 2]
1-15-2017 Intel Guru Frank26 ...Monetary Reform has reached the point where everybody has agreed with the numbers…to the point where the budget that contains the number has been approved and will be in the Gazette very soon. Do you know who else got...the LOI...the one the IMF got...the mother of all Central Banks...the Bank of International Settlements...the BIS...which is found in Switzerland...trust me they also got the report that Iraq is ready to lift the value of their currency in the beginning of 2017...so when the CBI website updates their new numbers the international world will also be able to see that they have changed their rate. [post 1 of 2....stay tuned]
1-15-2017 Newshound Guru Millionday Article: "Baghdad (IraqiNews.com) Iraq and the United States signed Thursday the guarantee for a US$1 billion loan to Iraq." Quote: "...undersecretary of Iraq’s finance ministry, Fadel Nabi, said the move “represents an initial step towards accessing world capital markets on a greater scale after legal requirements had been fulfilled and specific policies taken into consideration.” THIS IS TO ACCESS WORLD CAPITAL MARKETS...DEFINE WORLD CAPITAL MARKETS>>> The trading floor of the New York Stock Exchange, one of the largest secondary capital markets in the world. ... A capital market is a financial market in which long-term debt or equity-backed securities are bought and sold. Capital markets are defined as markets in which money is provided for periods longer than a year.
1-15-2017 Intel/Newshound Guru Mnt Goat Article: "Private banks signed a memorandum of understanding with an international company for the exchange of banking experience" More MOUs... There would be absolutely NO reason to do all this training and transfer of banking knowledge (of this nature) if they did not intend to go international with their banking practices and just stay under a “closed” economy. The Iraqi banks are in the final days of preparation for the move to international currency...as my CBI contact has now informed me. This article is proof...
1-15-2017 Newshound Guru loop Article: "Rasheed: Direct selling the dollar early this week" Quote: "Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement..."the beginning of this week will begin selling the dollar for travelers across five branches." He added, "The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence," pointing out that "the sale will be at the official rate..." [Does official rate mean the same thing as "program rate" or does this mean they would be giving us a new rate...?] It's talking about the current rate of 1184 plus a small percentage for the bank and not the overly inflated rate that the street vendors sell it for. IMO. This will serve two purposes. The most important one being it is a continuation of the state runs banks campaign [to] gain the trust in the banking sector by the citizens and the second side benefit will be that it will pull in more 3 zero notes instead of those notes continue to circulate on the streets or put back into mattresses.
1-15-22017 Newshound Guru rcookie Article: "The opening of the Media Network office in Mosul" IRAQI MEDIA NETWORK HEADQUARTERS OFFICE REOPENED IN DOWNTOWN MOSUL...AND...NEWS TODAY CONCERNING RATION CARD BENEFITS REACHING MOSUL AS WELL.
1-15-2017 Intel Guru Frank26 I feel they have dropped the 000’s from their exchange rate...but I feel they are hiding that process...or I feel they are within days of doing it...and they will hide that process...I believe their goal is to lift the 000’s in the Mookla of this year and hide the process...IMO I think we will see this sometime after the 20th...legally the country through the IMF cannot change its rate in the middle of a year...in the middle of a fiscal year...only at the beginning of a year...that is why the Mookla is so important. ...they sent the LOI [Letter of Intent] to the IMF and said hey GOI/CBI we are both ready to give the new rate at the beginning of 2017...that is why IMO there are no numbers at the CBI website... because the numbers in the month of January...the Mookla of 2017...those numbers have changed...and we haven’t seen any new numbers since the 4th...and only the IMF can send the new numbers through the CBI so the CBI can post it officially on their website. [post 2 of 2]
1-15-2017 Intel Guru Frank26 I want to tell you something Family...the things about Mosul...the things about the budget...the things about al-Baghdadi...the things about IBAN...the things about the Multiple-Currency Policy...the things about the auctions...all these things...I want you to know this is not a process anymore...I’ve always told you it was a progression...it is a process that is leading us in the direction of the Monetary Reform...but I am here to tell you IMO all of these things I just mentioned...it is no longer a process of events...it is an ending of events… [post 1 of 2....stay tuned]
1-14-2017 Newshound Guru hutch Article: "Rasheed: Direct selling the dollar early this week" Quote: "Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement..."the beginning of this week will begin selling the dollar for travelers across five branches." He added, "The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence," pointing out that "the sale will be at the official rate..." [What is the official rate is the million dollar question?] THE OFFICIAL RATE IS THE CURRENT RATE OF EXCHANGE AT THE TIME THE EXCHANGE IS BEING MADE.
1-14-2017 Newshound Guru loop Article: "Rasheed: Direct selling the dollar early this week" Quote: "Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement..."the beginning of this week will begin selling the dollar for travelers across five branches." He added, "The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence," pointing out that "the sale will be at the official rate..." THERE IS NO ...WAY THAT ANYONE SHOULD DRAW THAT CONCLUSION THAT THIS IS HINTING AT AN RV! THAT BEING SAID I AM SO EXCITED AND I JUST CAN'T HIDE IT!
1-14-2017 Newshound Guru rcookie Article: "Trade processing liberated areas of Mosul, the fourth batch of food items" Quote: "The Ministry of Commerce announced the processing of the liberated areas in the left coast of Mosul, the fourth installment of the ration card items (oil, sugar)." SO...THEY ARE PROCESSING RATION CARD ITEMS AND BENEFITS TO THE LIBERATED AREAS OF MOSUL...PEOPLE RETURNING HOME AND MORE BACK TO NORMAL ACTIVITIES.
1-14-2017 Newshound Guru American Contractor The senior ranking member of the Iraqi Economic and Investment Commission is a woman by the name of, Najiba Najib. She has full authority on matters related to the Iraqi dinar currency. This woman is single handedly responsible for halting the delete the zeros project in 2014. How influential is this woman? Najiba Najib is so powerful, that on any given day she could randomly announce “today we increase the value of the Iraqi dinar currency”. That’s the power Najib possesses. Currently, insider reports are leaking that there is much friction between Najiba and the Director of the CBI. The reason being is that Najib wants to delay the launch of deleting the zeros project that the Central Bank so adamantly wants. Najib is insisting that they wait until year 2018 or 2019.
1-14-2017 Newshound Gurus rcookie, wmawhite and hutch They will be working with the IMF to be prepped for that because there is a monetary reform process and an economic reform process...the revaluation of their currency is part of the monetary reform...this will kick start the economic reform...that is the trigger mechanism, IOO. But they have other things they have to do for the economic reform to be successful...because if you don't have a sound economic environment this level of monetary reform is going to be difficult to support the valuation. Iraq has taken the position that they want their monetary reform to be successful and therefore their economic reform has to be successful as well. [post 2 of 2]
1-14-2017 Newshound Gurus rcookie, wmawhite and hutch The only reason they have the imposed rate on their currency is not sanctions put on by the IMF...it is sanctions put on them by the UN under Chapter 7. The IMF is helping them get back on their feet as they transition into a market driven economy along with the rest of the world and that is the process that we have been watching. Once the UN removes Chapter 7 that means they also remove the sanctions that were imposed from Chapter 7 and that releases Iraq to reinstate/revalue their currency... [post 1 of 2....stay tuned]
1-14-2017 Intel Guru ADMINBILL START LOOKING FOR THE RV AFTER THE 20TH. MY PERSONAL OPINION IS THAT THOSE WITH THE AUTHORITY TO RELEASE THE RV/GVR FUNDS DO NOT TRUST THE CURRENT ADMINISTRATION TO ALLOW US TO BENEFIT AND WOULD RATHER ALLOW THE NEXT ADMINISTRATION TO MOVE FORWARD. I MAY BE WRONG AND WAS TOLD I AM BUT THAT IS MY OPINION. [I don't suppose you can say what changed to back away from this weekend being a big possibility anymore?] THERE IS ALWAYS THAT POSSIBILITY... [You said that was your feeling but some sources disagreed, do they still think it might pop sooner?] YES THEY DO AND I HOPE THEY ARE RIGHT AND I AM VERY WRONG.
1-30-2017 Newshound Guru loop [What do you think about the Iraqi Thinking about not allowing any americans into there country. Because of trumps policy of not allowing people into the US.] They will change the rate when it is in their best interest to do so. No matter what is going on over in the US.
1-30-2017 Newshound Guru Kaperoni Article: "A source reveals for "tomorrow Press" about the size of the cash reserve at the central bank" Quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." Don't get overly excited. The end of the war on ISIL (or Dash) is as soon as Mosul is clean. Which is still 30 -90 days in the making. Former glory clearly means a rate at 1 to $1 or higher and is not a reference to Market Rate or the spread...but that does not mean it would happen overnight. In fact, I do expect the float to start this year. And if so, it could reach a rate that would qualify as "former glory" next year or the year after as the dinar appreciates gradually.
1-30-2017 Newshound/Intel Guru BGG Article quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." [...does anyone know how long Mosul will be free?] They are working on it now. ... IMHO Abadi has been pushing for Mosul to happen sooner. He knows what is at stake.
1-30-2017 Newshound Guru Aggiedad77 I am of the opinion that something big is coming... Abadi appears to be undisturbed by the actions of Trump and is ok with just waiting...he knows I think more than he is allowing out... ...more is coming to the reserve...it's going to grow fat again...who remembers what it was before ISIS struck...somewhere north of $80 billion...it appears headed there again or maybe bigger...the BEST is yet to come.
1-30-2017 Newshound Guru wmawhite Article quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." It is coming from the CBI. You have heard before about Iraq saying that their currency would be great and powerful. ...the CBI is again telling the world that the Iraq Dinar is going to be great, strong and return to its glory days. The CBI owns the IQD...it determines its value.
1-30-2017 Intel/Newshound Guru tman23 [Is Basnews a credible and reliable site?] Basnews has been around for YEARS...It is one of the most reliable reporting in Iraq...The server is located in San Francisco...The news editing had been done over the past 2 months out of England...There had been strange events to this during that time... The new website format came up in the middle of the day...Saturday...an observer of the rate would deem it a mistake...BUT...I will say this...That part of the site is not manually entered, it is a direct link to another site that does currency rates...just like the weather on the site, nobody manually enters 9 celcius today and cloudy...
1-30-2017 Newshound Guru Kaperoni Article: "Fatlawi directed questions verbally to the Governor of the Central Bank" Quote: "He noted that the central bank through the Reserve pumped money to prevent the devaluation of the local currency, noting that the reserve consists of state revenues received in dollars of oil by 95% and the remaining local revenues and the Ministry of Finance relies on the Iraqi dinar, stressing that the dollar selling process is very important to maintain the value Iraqi dinar and the balance in the local economy as the work of the dinar to float an incorrect status for Iraq and the fact that the central bank only source to sell the dollar." Sounds to me he is saying we cannot float the dinar right now and so our only solution is to continue the auctions...which is nothing new to us since we know they have not passed the laws to create a market economy and the spread is over 10%.
1-30-2017 Newshound Guru wmawhite [What is the feeling in here about the US ban on people coming from Iraq affecting the Dinar?] When Iraq (CBI/GOI) decides to add value to the IQD it will have nothing/absolutely nothing to do with US immigration policy, or the price of pizza in New York, nor whether Maliki is still in the palace. Nothing. Iraq will make the necessary changes when they are ready. My point is this...all of these concerns have zero effect upon this investment...and why? Because this investment is not about a country's immigration policy. Instead, it is about the value of a country's currency and whatever we do concerning immigration has no affect upon the wealth of Iraq.
1-30-2017 Intel Guru Delta BasNews is an independent and multilingual news agency based in Erbil, the capital of the Kurdistan Region of Iraq. [...do you think this is for real or a misprint...?] I HAVE A Q FOR YOU: WHY news agency based in Erbil, the capital of the Kurdistan Region of Iraq show another currency?
1-30-2017 Newshound Guru Breitling ...they don’t need to be in the beginning of the year to change the value of their currency. It would probably be the most efficient if they did something at the beginning of the year but that’s never been an issue. They can just move the decimal over anytime they want. They can move the decimal over on their currency or they can move the decimal over on the books. They are reducing the note count in order to do that.
1-30-2017 Intel/Newshound Guru tman23 Lets just say this...WE the USA just put a ban on ME travel Visa's... The POTUS just spoke with 5 world leaders today...AND he had the PM from England Friday... AND WE ARE AT THE END OF JANUARY... SO THINGS ARE MOVING FAST...AND THE GOP NEEDS BIG MONEY TO EXECUTE SOME MAJOR PLANS...SO I WOULD REMAIN GROUNDED BUT A VERY POSITIVE OUTLOOK HEADING OUT OF THIS WEEKEND.
1-30-2017 Intel Guru ADMINBILL [...are we going to the bank today?] NOT TODAY...I AM THINKING TOMORROW IT WILL START...AND MOVE THROUGH THE WEEK. [Are your sources credible?] I BELIEVE THEY ARE. I CERTAINLY HOPE SO.
1-30-2017 Newshound/Intel Guru BGG [Any idea on Basnews this morning?] They've (BASNews) already said - it's a mistake... [reference Guru tman23 post 1-29-2017 Did you know Basnews (Kurdistan) updated their website today...]
1-30-22017 Newshound Guru wmawhite [Letter from BasNews Agency:] Dear White, I would like to firstly thank you for following BasNews. As you may have notices, Our new Website was launched on 27th January and the section showing currency exchange rates into IQD may sometimes fail to function accurately. We are working and will fix it very soon. Here I send you the exchange rate in Erbil according to the local stock markets this evening: $1 = 1284 Iraqi Dinar €1 = 1360 Iraqi Dinar... Regards, Sardar Sattar...BasNews Agency. [reference Guru tman23 post 1-29-2017 Did you know Basnews (Kurdistan) updated their website today...]
1-29-2017 Intel Guru Dr. Clarke This is a VERY BIG WEEK ahead. Enjoy it! Ignore ALL the printed News Articles coming out of the ME, especially out of Iraq, and especially with regard to anything that pertains to Money, Military, Politics and Trade. IGNORE IT! ...Again, this is a VERY BIG WEEK...but what happens as February unfolds, and by the end of February...will look like a "World you've Never Seen before". EVER. ...and we believe, that you will have more money in your pocket...and there's much more.
1-29-2017 Newshound Guru wmawhite [when kuwait revalued back in the day, it came in at I think $6.] Kuwait never revalued back in the day...let me give you the true story. ...keep in mind that Iraq invaded Kuwait in August 1990. The Kuwaiti currency at that time was the Kuwaiti Dinar. The Kuwaiti currency was replaced with the Iraqi Dinar by Saddam Hussein. Seven (7) months later, February 28, 1991, the Iraqi forces are kicked out of Kuwait and the war has ended. Only twenty six (26) days later, March 24, 1991, the Kuwaiti banks reopen with a NEW currency valued at 1 KWD = $3.50...the key here is twenty six (26) days. If any Kuwaitis still held the old Kuwaiti Dinar it would be accepted at one new KWD for one old KWD rate. 26 days after the end of fight...no $6.00 or $9.00. Just reinstated their old value. And by the way...the oil fields were still burning, kuwait had no economy...no free market economy, but they sure enough did what they wanted to do...article 8 or no article 8!
1-29-2017 Intel Guru RayRen98 It is being reported to me that Iraq TV is broadcasting that Iraq and the US have signed an agreement to fund the economic reforms!
1-29-2017 Newshound Guru mike Article: "Iraq and the United Nations sign an agreement to establish a fund to finance the "economic reform" Quote: "Therefore, it provides the launch of economic reform fund opportunity to accelerate government reform plan." Great article...Currency reform, economic and banking laws are all needed to facilitate this move, hopefully it's sooner rather than later.
1-29-2017 Intel/Newshound Guru tman23 Did you know Basnews (Kurdistan) updated their website today...A new look! Did you know the server for them is in San Francisco... Basnews is 99.9% accurate...most reliable reporting in Iraq and Kurdistan... Did you know Basnews shows the currency exchange in the right hand corner... [...are those rates in the top corner for the iqd?] Have no idea other than it posting Dollar 3.648...And they just put that up early today...New page. In the past page it was $1 usd to 00086... It is strange that the amount posted is darn close to what we had been hearing...which was 3.72 chatter in Kurdistan. ...we can come to all kinds of conclusions... Best one is to wait and see...
1-29-2017 Intel Guru ADMINBILL [I had heard some very positive news earlier today even some that rates are showing up in various places, but that in Iraq its being said there will now be delays in the RV do to Trumps ban, have you heard anything?] NO DELAYS...THE RV/GCR WILL GO A LONG WAY TO MEND FENCES.
1-29-2017 Intel/Newshound Guru tman23 Article: "Keywords: central bank contributed to cross the most difficult years in the past two years" Quote: "giving it a function to STABILIZE the exchange rate"...pump money to prevent devaluation...the central bank resorted to the method of supporting the general budget through the purchase of treasury transfers..." THIS SUPPORT LOWERS THE CBI RESERVES...THE ROB PETER TO PAY PAUL ALWAYS HITS A BRICK WALL UNLESS YOU TURN IN A DIFFERENT DIRECTION...THE CBI AND GOI ARE CLOSE TO THE WALL...AND CANNOT AFFORD TO JUST TALK ABOUT A FUTURE MARKET ECONOMY.
1-29-2017 Newshound Guru wmawhite Keep in mind, the change in value of the IQD is just another step of many, many steps with the "project"...the "delete of zero project"...and there will never be an announcement before hand concerning the change in value. However, as...articles point out, the CBI will make projections as to the possible need for a change in the currency, i.e. size of notes. IMO...these projections/forecasts concerning the future need of the 50, 100 and 200 IQD notes tells me that the CBI believes there will be a change within the marketplace that will make those notes useful. And what will change the marketplace? What will change the prices within the marketplace? Answer: a change in the value of the currency that is importing those goods within the marketplace.
1-29-2017 Newshound Guru Breitling …every major corporation has already set up shop in Iraq. They’re just waiting for the right moment. They’re waiting for the Iraqi people to be able to afford their products. They believe in the principle that I believe in that you get into a market before it starts not after it starts. So they are already there. I promise you they are already there...supply times velocity or the business in Iraq will go up and Iraq has already set and triggered their currency to a place to do that. You guys know those numbers. It’s that simple.
1-29-2017 Intel/Newshound Guru Backdoc Article: "Federal Reserve Issues Progress Report on Efforts to Improve the U.S. Payment System" Quote: "The Federal Reserve on Thursday released a progress report outlining accomplishments and anticipated steps moving forward related to the ongoing initiatives to enhance the speed, efficiency and security of the U.S. payment system." THE FEDERAL RESERVE IS TELLING US ABOUT THE STATUS OF THE NEW PAYMENT SYSTEM THAT WILL BE USED IN THE NEW REALITY! WE ALL KNOW THAT BASEL 3 REQUIREMENTS REQUIRE ASSETS TO BACK EVERY COUNTRY'S CURRENCY. WITH THAT IN MIND REALIZE THIS EXPLANATION IS THE PREPARATION FOR THE NEW DIGITAL DOLLAR WHICH IRAQ HAS BEEN SO IMPATIENTLY WAITING FOR! REMEMBER, THEY WANT TO GET RID OF THE OLD DOLLAR COIN! THIS CLEARLY TELLS US THAT THE COMPLETE BUILD OUT FOR THE NEW DIGITAL DOLLAR PLATFORM IS NOW CLEARLY IN PLACE! GREATER SPEED, EFFICIENCY, AND SECURITY IS NOW IN PLACE!
1-28-2017 Intel Guru ADMINBILL IMO the RV/GCR should happen almost simultaneously. No double dipping will be allowed.
1-28-2017 Intel/Newshound Guru Mnt Goat Article quote: "the oil file in Iraq including the Kurdistan region Pat involves a high risk of misuse and its monopoly by the views of certain parties, so the lack of enactment of the oil and gas law in accordance with the directions and frameworks and national real guarantee that this natural wealth in the service of citizens will not lead to a bad future and make this wealth a curse for the people." ...can it get any clearer that they need national oil and gas law legislation HCL? Almost 90% of the national wealth is from oil revenue. Sure they are working on other sources of revenue too but these other efforts will take years. Especially with ISIS and now Iranian militias creeping at their doors again. This article is just yet another indication of the importance of this law. They will not pop the RV without having this in place to secure their wealth.
1-28-2017 Intel Guru ADMINBILL MY INFORMATION TODAY PLACES US IN A WINDOW THAT STARTS THIS WEEKEND WITH A STRONG START POSSIBILITY OF TUESDAY...AND MOVE TO THE RV/GCR THE END OF THE WEEK INTO THE FOLLOWING WEEK.
1-28-2017 Intel/Newshound Guru BGG [You were speculating that the reason why we haven't seen any updates on the CBI site is due to the economic reforms...?] yes I do think - on some level, that is the explanation. Currency reform - some stage...
1-28-2017 Newshound Guru MadDScout [Any chance of an RV before Feb?] I would say this close to Feb prolly not. But only they know what will put the last peg in the hole. We are watching the result now of actions they are actively taking for the reform process. When Alak said the delete the zeros was on hold he did say all measure would be taken so that at the right time they could move into the program (the parts on hold)...They are not in "wait" mode. Alak is seeking stability.
1-27-2017 Newshound Guru Kaperoni Article: "Jaafari heads the meeting implementation of the strategic framework agreement signed between Iraq and the United States" ...old SFA [Strategic Framework Agreement] articles...were clear that freedom of movement of capital was critical to the success of the agreement. Let's hope this is a good sign of whats to come.
1-27-2017 Newshound Guru Aggiedad77 Article: "Jaafari heads the meeting implementation of the strategic framework agreement signed between Iraq and the United States" ...this article...IMHO...speaks volumes without coming out and saying so much at all...cooperation where there was none...without it saying so to me it talks of a certain trip that was made but was unheard of...now we see files being shared...plans being made...signatures... activation of agreements...mechanisms being implemented...my word...more work has been done of late than in the last...well you figure that out...the BEST is coming.
1-27-2017 Newshound Guru mike Article: "Secretary General of the Council of Ministers attending the first meeting of the initiative (Take a Baghdad)" I like the tone of this article, but when I look at where Iraq is holistically, it's just more of the same rhetoric we've heard before. The first sentence says it all: "the initiative to discuss the projects and the stages of work, and move on to the preparation of drawings and bills of quantities and implementation programs." Iraq is borrowing money, in order for lenders to feel confident, they have to know, or at least believe, that Iraq has a plan to enable their ability to repay it. They're hoping the chatter will remove doubts and fears about repayment. It's not enough, they need to actually pass the laws and implement the changes that they "talk" about in committee. My sincerest hopes are that this isn't like the hundreds of other articles that the GOI put out that talk about change and progress, the time for actual implementation has been passed a long time ago. Your move Abadi...
1-27-2017 Intel Guru RayRen98 37 banking institutions have now been reported to us from the field that are now actively buying and selling Iraqi dinar. I think that number will change dramatically in the coming days – plus three credit unions and 5-6 exchange companies. We had a member who shared that $100 was wired to a person in Iraq a few days ago...that person received 129 IQD...it was to Rafi Bank in Baghdad. I know some things that I am hearing...I do believe them because of the sources I hear them from...they have been pretty much on the money. Dates may be off because they don’t control it, they just report...I can tell you that if everything stays on track, this is my last Friday – if everything goes according to design. I feel like this is upon us. The rate is going to be very decent/attractive...
1-27-2017 Newshound Guru Kaperoni Article: "Secretary General of the Council of Ministers attending the first meeting of the initiative (Take a Baghdad)" This looks like a pretty big deal...The CBI is meeting..."to discuss the projects and the stages of work, and move on to the preparation of drawings and bills of quantities and implementation programs."
1-27-2017 Intel/Newshound Guru BGG CBI still hasn't updated the indicative rates (since 1/4/17) on the CBI - something is going on. What that change means? Hard to say...but the flip side is - to say it means nothing is a little arrogant. [its never been this long before...] Shoot - never been more than several days.
1-27-2017 Intel/Newshound Guru Mnt Goat Article: "Rafidain Bank opens new branch in southern Iraq" Why is this article so important? It shows us the banks are expanding and not contracting. As money is beginning to flow this is exactly what we would expect. This is a good sign the Iraqi economy is beginning to move in the right direction.
1-27-2017 Intel Guru Bruce I really don’t know anything specifically different about rates. I just know the rates are all great. We know...about the Qi cards being international with a rate of $4.84 spendable on those cards all over the world. I am looking for Abadi talking about the take back of Mosul and talk about the Sovereignty of Iraq in the fact they have a tradable currency with world markets and ready for business. He may not talk about the currency per say. I am excited where we are. We are getting very close the end of the ride. I am hearing by way of text very positive things that are pointing to tomorrow [Friday] and into the weekend.
1-26-2017 Intel/Newshound Guru Mnt Goat My personal belief is NO it does not have to be completed but there will have to be some kind of agreement to guarantee the payments to Kuwait either in a lump sum or installments over time. So in recent past weeks we witnessed many meetings with Kuwait. Why now? Why all of a sudden do they need to get so serious about re-negotiating the payment of this debt? We also know that they are supposed to have a “fully” implemented Iraqi constitution. What does this mean? It means that Article 140, HCL, the Federation Council, fully seated government (still using 3 proxy ministers in Abadi's cabinet. These ministers must be seated and ratified). Also there are other needed laws to keep the economy on track and allow foreign investors to enter and operate in Iraq’s markets. They have told us this group of 50+ laws but they listed 6 of the laws as high priority. Why? [post 2 of 2]
1-26-2017 Intel/Newshound Guru Mnt Goat Iraqi officials on Monday announced that the eastern side of the northern Iraqi city has been taken from Islamic State, after nearly 100 days of fighting. Rafidain and Rasheed Banks are moving forward as they expand their banking availability and capabilities throughout Iraq. This news is exactly what we want and expect to see in a growing economy. Its all very good! But we are not out of the doghouse yet as they are still operating under a “closed” economy and can not freely trade with the outside world with dinars as they are still technically under Chapter VII sanctions. We know there is still yet one hurdle to overcome in getting “fully” out of sanctions. This obstacle is to complete the war reparations to Kuwait. Does this have to happen to get the RV? [post 1 of 2....stay tuned]
1-26-2017 Intel Guru Frank26 I talked with [Guru] Delta. He is excited...to him it all makes sense in the MOOKLA of 2017...but still no rate on the CBI website. Now over 25 days. Delta finds it interesting that the GOI is saying that they are NOT going to pay any salaries this week...instead they will pay them next week to protect the CBI reserves. That is a first! That is powerful. According to our calculations...start to watch tomorrow... Check out the CBI website...check out the international markets...you know ...the ones that stay open 24/7. Check out FOREX. Start paying attention to your investment...starting tomorrow [Thursday]. ...all of this...is IMO. [post 3 of 3]
1-26-2017 Intel Guru Frank26 IMO – maybe you should start tonight [Wednesday]...to look for movements of large capital. May I suggest...with sincerely...hang around FOREX. Look for the evidence of what they told you they wanted to do at the MOOKLA of 2017. I believe that there has been a switch that has been turned on for the monetary reform. You are about to be put into the light. I don’t know when...I don’t know the rate...but they have told us they want to come out at 1 to 1. [post 2 of 2....stay tuned]
1-26-2017 Intel Guru Frank26 There have been a lot of meetings. IMO... these have been very, very successful. Ever since the first part of December... the meetings have evolved...now formed a SOLID monetary reform for the IQD...evolved...to a point of satisfaction for all sides. We’re not at the beginning of the book. We’re not at chapter 1. No. We’re looking at the last sentence of the last page of the last chapter. IMO...TODAY would be a good day...to put a PERIOD (.) at that last page...that last sentence of the last paragraph. If it is...then they have turned on the switch for the monetary reform. [post 1 of 3....stay tuned]
1-26-2017 Intel Guru ADMINBILL THERE CONTINUES TO BE ACTIVITY WHICH WILL HOPEFULLY TRANSLATE TO OUR END GOAL VERY SOON. I AM ANTICIPATING ACTION VERY SOON.
1-26-2017 Newshound Guru Kaperoni Article: "Parliament calls for financial follow-up funds allocated through auction currency imports" Quote: "Float the currency and pointed to the possibility of the application of the currency was floated , such as what happened in Egypt and leave the supply and demand of the process is controlled by the exchange rate and the possibility that service to the economy of the country..." Sounds like Dr. Magda Tamimi is pushing to get off the peg and float the dinar.
1-26-2017 Newshound Guru Islandg1211 It would appear that Jan 1 wasn't realistic, three more months is a bit optimistic, and, IMO, six more months looks spot on. For these reasons, I'm expecting an RV mid-summer at the high range of the appraisal, just over the USD... perhaps $1.10-$1.13 would be reasonable. After the Dinar is on Forex, the country itself is using it, and the massive imports needed for re-construction, the demand of the Dinar will increase its exchange rate pushing it back up closer to Kuwait's in the couple of years following the RV. [post 2 of 2]
1-26-2017 Newshound Guru Islandg1211 Allak and Shabibi both stated that they need security and stability, so that's the date. It's very reasonable to assume that the RV needs ISIS gone and a deal with the Kurds, that's security and stability. Allak is saying exactly that, he is waiting for security from ISIS and also political stability. So, we don't need to look for the RV before both of those things happen. Both events will be public. We will all see the celebration of the defeat of ISIS, and the Kurds making a deal with Baghdad. [post 1 of 2....stay tuned]
1-25-2017 Newshound Guru Adam Montana [Do you think that there is enough dinar in America pre RV continuing to post RV to make a difference in our economy?] It all comes back to the fact that we are dealing with a fiat currency, where debt and wealth can be created with a click of a mouse. The amount of physical currency, dinar or USD or any other, has no bearing on what can or cannot happen with the exchange rates.
1-25-2017 Intel Guru RayRen98 ...things are looking as good as they can possibly look! In the US, the biggest feather in our cap is the public acceptance of the dinar. Sure there are only small number of banks compared to all the banks in the US, but the fact that 33 banks are dealing publicly with the dinar is a great step forward... We know what our destiny is about to look like, we just don’t know when. Yes, it could happen any day.
1-25-2017 Newshound Guru Adam Montana ...I just shake my head at these...lopsters who ignore the fact that the Dinar is a fiat currency, and the value is not based on M2 or M3 or the GDP or the price of tea in China... it's based on investors FAITH in the country. It’s based on how people FEEL. The fact that we are talking about a FIAT currency, something that has no intrinsic value, takes all the rest of the cards out of play. The Iraqi Dinar is worth whatever people want it to be worth…and when TPB decide they are going to raise the value, there’s going to be a LOT of support for that move! We are in a great spot right now. Can I get a “GO RV!!
1-25-2017 Newshound Guru MadDScout Article: "Rasheed Bank in line with an international company of the Comprehensive Banking System Requirements" More banking reform being implemented...Laws being applied evenly...Upgrading the technology and moving into "international" requirements...
1-25-2017 Newshound Guru Adam Montana Things are heating up, and it's starting to show! The DOW just hit 20,000... There is pretty much nothing holding HCL back...Maliki was a thorn in our side. We can ignore him now. [HCL the final hurdle or others to consider..?] The thing is - everything is tied to the HCL. SO MUCH is going to happen all at once when the HCL is done, it's really the "all encompassing" factor.
1-25-2017 Intel Guru Frank26 Hey CBI...another question...wasn’t it Kuwait that recently came to Iraq...signed some documents and quickly took off...then bragged that they signed some deals for about $1.26? Kuwait has a tendency to expose themselves. I don’t know what the rate is inside of Iraq...but in my opinion...it’s jumping all over the place. But...to go INTERNATIONAL with a program rate...they know that won’t work... The program rate...is still being left out of the CBI website...which means they can post a rate anytime they want...we know they will FLOAT THE IQD once they eliminate the 3 zeros. [post 2 of 2]
1-25-2017 Intel Guru Frank26 Didn’t we already suggest that it could be 1 to 1? They are slowly growing to the 1 to 1. Is that why there is no exchange rate...anywhere on the CBI website to be found? Hey CBI...wasn’t it about 4 years ago that Kuwait...on their bank spreadsheet... showed for about 48 hours...showed a rate for the IQD at 35 cents...and remember when everyone got excited and they called the CBI...and the CBI had to deny it? And then about 48 hours later, Kuwait removed the rate. [post 1 of 2....stay tuned]
1-25-2017 Newshound Guru loop Article: "High degree of optimism about Iraq's credit rating" Quote: "The rating agency Standard & Poor's, the largest credit rating agencies in the world, has recently proven its credit rating for Iraq at B- / B in spite of the fluctuation of oil prices and a height of caution and gave him a stable outlook." the (S & P) pointed out that Iraq possesses huge reserves and has substantial oil exports, thereby reducing the concerns in this area. ...ASK YOURSELVES THIS...WHAT HAS CHANGED? IF...ALL THIS NEWS DOES NOT MAKE YOUR SMILE THEN YOU NEED TO REREAD THE NEWS FOR THE LAST 4 MONTHS.
1-25-2017 Newshound Guru Kaperoni Article: "Dollar drops to 1274 dinars in foreign exchange markets in Iraq" 1,282 is the rate reported by the CBI. [CBI updated the market rate today to 1270--See Dinar Guru Resource bar on the left for Official CBI Dinar Rate and Market Rate]
1-25-2017 Intel Guru Bruce Concerning Iraq, just when we think everything is done with Iraq, we found there were 4 more laws to be passed this morning [Tuesday]. One of those laws was the National banking law. The law the rate would be held in. ...At 10am Iraq time this morning, this occurred and...all 4 laws were passed. ...those need to show up in the Gazette to make it official. My understanding is the rate is in the law and the budget. Both the budget and the rate will be visible very shortly. I am hearing everything is done now...In the way of true Intel right now as it stands, we are at a precipice of this going any day...it looks like everything I have heard and more recently in a text, we should be there before Saturday or even Friday. We are in a great position for this week. [post 2 of 2]
1-25-2017 Intel Guru Bruce ...Iraq has had a new rate in back of their screens in our banks since January 2? Today I understand, they have a debit card, Qi card, for the Iraq people, and globally wherever this card is held, today the rate is $4.64. That is a new rate. What is interesting is it appears to be a rate that might be available today and used around the world today. I think there is a greater rate coming. The first part of that rate, the $4, should increase quite a bit with a change of rate by the CBI. [post 1 of 2....stay tuned]
1-24-2017 Intel/Newshound Guru Mnt Goat Quote: "Class US site of the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement. According to the order published on [howmuch.net] the US, the GCC currencies were among the strongest Arab currencies, are the bottom, including Iraq, Lebanon and the countries of the list." What they are telling us is the Iraqi dinar deserves a much higher ranking among the GCC countries but where is it today? Compared to the other countries Iraq will very soon rise out the ISIS crisis. How will this happen? We all know and its coming soon. This is the point of the article.
1-24-2017 Newshound Guru wmawhite Article: "Iraqi Central Bank, all banks to stop providing drafts bills and import licenses on the sale of currency window, pointing to comply with the electronic system" This is significant. The IMF encourages all central bank to have the exchange/sale of foreign currencies within their country to reside within the banking system. Not at the central bank. This article shows that the CBI is engaged in completing that task. The CBI just put out the instructions a week ago and today it is telling the banks to get with it, follow the instructions.
1-24-2017 Intel Guru ADMINBILL WE ARE APPROACHING GOOD TIMES ... PERHAPS AS EARLY AS LATER IN THE WEEK BUT SURELY IMO NEXT WEEK.
1-24-2017 Newshound Guru wmawhite [...I dont believe that a RV will change the corruption in Iraq.] You are correct...and why is that? Answer: because the IQD will NOT change in value within Iraq. Corrupt people will continue to look for ways to benefit off of other people's hard work.
1-24-2017 Newshound/Intel Guru BGG [...any idea why the date on the CBI site has been frozen at "Indicative rates - 04.01.2017"?] I have offered my opinion - it has something to do with the recent changes in how they do things within their banking system (going on right now) - and while odd, may have nothing to do with a change in value. I did not say - "nothing to do with currency reform" - because, if it has anything to do with the recent shake-up in their banking structure - then obviously, it has something to do with "currency reform".
1-24-2017 Intel Guru Frank26 We should be seeing very soon...at least this month, walking into next is the release of Chapter VII in an official manner...so that the budget...so that auctions...can be defined a little better. Where is the budget? In the Gazette. Shouldn’t it be open and implemented right now? No. Why? Because it has a program rate. So why don’t they use it? Because they are waiting to change their rate. ...any time after the 20th (time frame) until the end of the 1st quarter (Friday, March 31st)...From the 20th until the 31st of March...this thing is loaded for bear!
1-24-2017 Intel Guru Frank26 I believe that the MCP, the MOI, the MOU, the LOI’s are no longer necessary. You know why? Because we are beyond the Monetary Reform. What I believe is that right now...Iraq is going through a phase ...entering their NATURAL POSITION in the INTERNATIONAL world. Everything you are seeing right now has to happen with URGENCY! There are spots in Iraq that are fighting against the program rate. Some are very well aware about what is going to happen with their currency. Iraq is driven by money...and at this point...I believe that they are maximizing their investment...their currency.
1-24-2017 Intel Guru Frank26 We told you many times...Mosul is NOT part of the monetary reform...but Mosul is a requirement for it – in the sense of security / stability. You have seen some dramatic events to that fact (regarding Mosul) in the last 72 hours. Did we not say that once we have Mosul, very quickly you’ll have the MR? – and I still stand by that. Now, last week they told us they have liberated Mosul. Turns out they were talking about liberation of certain pocket areas but not all of Mosul yet. Let us agree that Mosul is NOT fully liberated yet...but very, very, very close.
1-24-2017 Newshound Guru Mnt Goat Article quote: "Iraqi army and coalition forces prepare to expand their offensive against the Sunni militants into west Mosul." ...sounds like this week that are going to begin the offensive battle in the western section of the Mosul region...As I write this news letter I was just informed the northern section of Mosul is not liberated. Let’s wait and see what they tell us in the news. Remember we wait for the pm Abadi to make a formal announcement of the total liberation of Mosul. This is our queue that the CBI might launch those lower denoms and get this process rolling. This could literally happen in the next week or less.
1-24-2017 Intel Guru ADMINBILL IF YOU CALLED THE AMERICAN EMBASSY DO YOU BELIEVE THEY WOULD RELEASE A DISPATCH THAT WAS MEANT TO BE PRIVATE TO YOU? I THINK NOT. AN IRAQI CITIZEN CAN CALL THEIR EMBASSY ANY TIME THEY WISH. THAT DOES NOT MEAN THEY WILL BE GIVEN ACCURATE INFO ANY MORE THAT WE WOULD GET FROM OUR OWN. IT IS STILL MY UNDERSTANDING WE ARE IN A VERY GOOD POSITION THIS WEEK. I DO NOT WANT TO GIVE A TIME FRAME...IT SHOULD BE SOON. [post 2 of 2]
1-24-2017 Intel Guru ADMINBILL I...RECEIVED A PM FROM ONE OF OUR MEMBERS WHO SAID "From asking my Iraq friends here in town about the memo that have been sent to the embassies about raising the value of the dinar, 4 embassies been called and that turned to be not true, no memo were sent..." [reference ADMINBILL post 1-21-2017] IT IS IMPORTANT THAT WE PAY ATTENTION TO ALL INFORMATION WHETHER IT IS GOOD, BAD OR INDIFFERENT. I AM AWARE OF THE SOURCES I RECEIVE MY INFO FROM AND I AM CONFIDENT OF IT'S ACCURACY HOWEVER I WILL NOT DISCOUNT THOSE THAT GIVE ME INFORMATION. I SEE NO REASON TO BELIEVE THIS NOT TRUE. ...IT WAS REPORTED AND THE SHARED WITH YOU AS INFORMATION TO DIGEST. [post 1 of 2....stay tuned]
1-23-2017 Newshound Guru jaxjags To me, the CBI would never make it known that those notes would have a place in the market place unless they believe the "market conditions" will change in the near future. Again, IMO, we are close to seeing an aggressive move on the part of the CBI to let the IQD find its true value...whatever that may be. [post 2 of 2]
1-23-2017 Newshound Guru jaxjags [new Guru] Concerning the appreciation of the IQD, I have no idea exactly how it will appreciate. However, I believe the CBI will be aggressive in its pursuit. The CBI stated in numerous articles starting back in November 2016 that the 50, 100 and 200 IQD notes would appear in early 2017. Of course, that is a forecast of "need" concerning those notes, NOT a forecast of "value" of the currency. [post 1 of 2....stay tuned]
1-23-2017 Intel Guru RayRen98 We are getting blow-by-blow updates about Mosul; we understand that eastern Mosul has celebrations, with northern Mosul tagged to be completed by yesterday. There was a large offensive in western Mosul, too. The updates say that Mosul is already celebrating, although the northern and western areas are not completely liberated. On Iraqi television, they are telling citizens that any minute now they will have Mosul completely liberated. There are now 27 banks actively dealing in dinar, for those who say this is a scam. You already know about the Iraqi embassies being notified for a currency value change, we just don’t know when. This could very well be The Week, although certain things still need to be made public. But it’s looking good, sounding good, and I’m feeling good about where we are.
1-23-2017 Newshound Guru Breitling …Never has there been 50 Trillion dinar in circulation…this is not an opinion... The market responds to how these people [Sunni, Shia Kurds] treat each other. I understand that. But they are going to add value to their currency anyways. That is one of the tools they want to use to try to bring everyone together…to accomplish that hey have to establish a financial base so people don’t get desperate and make these proxy wars. Hopefully. That’s what they’re thinking. The Sunni and Shia are not in competition where one wants to add value to the currency and the other one doesn’t. Or even the Kurds. They all want value to be added….when it comes to currency and the markets…there is no differences of opinion about that. They just argue about who gets to rule what. Iraq is a fantastic opportunity. That has not changed. Every trend in the market…on how a currency goes up, Iraq is doing it…zero hype.
1-23-2017 Newshound/Intel Guru BGG [Anyone have any idea why the CBI hasn't updated their exchange rates on the web site since the 4th? Seems kinda odd.] …no one has any idea. Longest stretch in the last 5 years they have not updated.
1-23-2017 Newshound Guru wmawhite Article: “Class US site of the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement.” Quote: “According to the order published on [howmuch.net] the US, the GCC currencies were among the strongest Arab currencies, are bottom, including Iraq…" …the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement. Folks,...ask yourself why does this particular short article appear in an on-line business publication that out of all of what is happening in the ME it points out this?
1-22-2017 Newshound/Intel Guru BGG …When there is a value change - we will know. The value of the Dinar was spoken to directly by the Gov of the CBI several times in the few days. Going down is not what he said. …we are really close... they are handling financial, economic and currency reform items every day. The news about the Commercial Agencies Law being voted on shortly is HUGE. Big companies won't go to Iraq if they have to hand their business over to an Iraqi. We should be very encouraged. The factual info is plenty encouraging.
1-22-2017 Newshound Guru loop Article: “International Monetary showing satisfaction of Iraq's efforts to meet the credit requirements of the program” Quote: "…satisfaction with the efforts made by the Ministry of Finance and the Central Bank of Iraq and other ministries in the area to meet the requirements of the program," adding "it is going according to timings marked in the program," according to the statement...it is going according to timings marked in the program...The IMF is satisfied with the progress of the SBA! BOOM.
1-22-2017 Intel/Newshound Guru Backdoc THE MR (monetary reform) FOR IRAQ IS NOW A THING OF THE PAST SINCE THEY HAVE DONE EVERYTHING THE IMF HAS ASKED OF THEM. EVEN IRAQ SITS QUIETLY IN THE GLOBAL ROOM, AWAITING A SECOND REVIEW OF THEIR STATUS WITH THE IMF IN MARCH! IRAQ WENT FROM HAVING PREVIOUS BUDGETS IN DOLLARS TO NOW HAVING A BUDGET IN DINARS, YIPPIE! EVIDENCE CLEARLY INDICATES THEY ARE TRULY INTERNATIONAL. THE RECENT INTERNATIONAL SALES OF EURO BONDS ADD TO THIS FACT. WE KNOW THAT ONCE THEY ADMIT THEIR EXCHANGE RATE IT MUST BE AT LEAST 1 TO 1 TO BE IN COMPLIANCE WITH THE PARIS CLUB AGREEMENT. THEY COULD COME OUT WITH A MANAGED FLOAT, OR THEY COULD COME OUT WITH A FREE FLOAT AND EVENTUALLY LOCK IN A MANAGED FLOAT.
1-22-2017 Newshound Guru loop Article: “Finance issued government bonds secured one billion dollars” Quote: "foreign banks praised the interest rate achieved by the Ministry of Finance for these bonds compared to similar cases to other countries, the issue is guaranteed by the United States government bonds." The EU BONDS ARE READY (ISSUED) AND THE FORIEGN BANK PRAISED THE INTEREST RATE ACHIEVED! So what's changed from last year? As evidenced by the shear number of MoUs and other agreements Iraq has made with countless countries. THE WORLD LIKES THE ACTIONS THE IRAQ HAS TAKEN TO CORRECT THEIR ECONOMIC COURSE AND THEY ARE SEEING THE POTENTIAL TO MAKE LOTS AND LOTS OF MONEY. AND THE SPEED AT WHICH THESE BONDS CAME OUT IS AMAZING!
1-22-2017 Intel Guru Bluwolf All things pending that pertain to what me and you have been waiting for are now in fast track believe it or not.
1-22-2017 Newshound Guru loop Article “Iraq Stock Exchange recorded an increase the value and number of shares during the past week” Quote: "There is a rise in the number of shares traded last week by (129.85%) compared to per week, which was accepted, while there was a rise in the total value of shares traded last week by (154.78%) compared to per week, which was accepted." The ISX had a good week last week. Week over Week increase in trade volume by 129.85%...Week over week increase in share value 154.78%. WOW. Wonder what sparked the sudden activity?
1-22-2017 Intel Guru Frank26 [If the CBI website (arabic side ) is still not showing a rate, how long can that continue? I am wondering what requirements, if any, there are for reporting the exchange rates at a given interval?] Yes… It's called an RV…
1-22-2017 Newshound Guru 1bobby Article: “Rafidain Bank, said Saturday that his predecessor granted 10 million dinars for State officials to have smart card activated receives her monthly salary.” These are the cards that will reduce the note count and add liquidity to the banks. Remember the 3 Ministries that agreed to have ALL employees salaries issued thru this card? Also the Rubber Industry agreed to the same with their employees (19,000 or so) This “10 million” advance was aimed at the :shortcomings” of the salaries due to the economic crisis. Employees that sign up, thru the smart card, will be eligible for these advances. Just inner workings that have been going on for awhile now. They had to get the Ministries approval and get their ducks in a row before proceeding with this program. Bottom line is...reducing note count, adding liquidity to the banks.
1-22-2017 Intel/Newshound Guru Mnt Goat I can hardly believe all that I am seeing happening with these Iraqi economic and financial reforms. It is all so amazing and I fully believe Iraq is now on a FAST TRACK.
1-21-2017 Newshound Guru loop ‘’Rafidain Bank confirms the grant in the 10 million dinars for employees to Card Holders” Rafidian is working overtime on strategies to get the citizens to start using the banking system and feel safe doing so.
1-21-2017 Newshound Guru mike Article: “Iraq opens the door to possibilities deletion of zeros from the local currency” Context is important: "the rumors about the Iraqi dinar at risk and prone to degradation and decline in comparison with other currencies as dollar, is not true," adding that "Msatralih dinar fully and that in progress." What he's trying to do is convince the critics that the dinar isn't at risk or in decline, his response to that criticism is that there are plans in place to strengthen the dinar, at the minimum, the dinar's MCP should be within 2%, not the 9% that it currently is today.
1-21-2017 Newshound Guru Breitling …There are 3 windows Iraq has been talking about. There are no specific dates or months. They’re simply watching the markets. There’s also reaction on how they are handling ISIS. Having said that, they have a plan if the civil war between the Sunni and the Shia continues…they are going to add value to the currency, so they have ways to get around that. In 2017 they specifically talked about 2 opportunities to raise the value of their currency. At what speed, at what point, at what time? They never really said. I simply don’t know but I do know windows are coming up. We passed one…that was back in November and that was based on how they were watching the markets…that point passed. If these two windows in 2017 are missed they are going to revalue anyways so it really doesn’t matter…I don’t know the exact dates I really don’t. If I was to calculate, probably the end of spring…That’s a guess and I rarely do that and that’s pushing it, it truly is. That does not mean they can’t revalue tomorrow by the way.
1-21-2017 Intel Guru ADMINBILL UNCONFIRMED INFO FROM ACROSS THE POND FROM EARLIER TODAY: BAGDAD SENT NOTICES TO ALL THEIR EMBASSY'S YESTERDAY THAT THERE WILL BE AN ADJUSTMENT OF THEIR CURRENCY VALUE. IT IS SIMPLY A MATTER OF WHEN. WE HAVE A FAIR TO GOOD SHOT AT THIS WEEKEND OR THE COMING WEEK.
1-20-2017 Newshound/Intel Guru BGG Kuwaiti Dinar is still considered a thinly traded "exotic"...Iraq is almost certain to land in this category... no biggie - it's alot like you're all sitting on a penny stock about to get listed on the big board - no matter where it goes, it's gonna' be good.
1-20-2017 Intel Guru Frank26 […if the rate comes out over $3.00, do you still suggest to hold some back for a few months?] IMO ... This scenario will not happen ... The UST learned from KW... "We are now just watching everything unfold like clockwork!" From this 20th .... Forward... To see the MR unfold. Yes ...AFTER THE 20TH ... In this Mookla First Quarter.
1-20-2017 Newshound/Intel Guru BGG […do you find it odd we haven't seen any statements from the World Economic Conference by Iraqi officials?] I do - I find a lot of things VERY strange lately...so much progress - much like the IBAN being accepted and utilized and we heard about it a week later… anyone notice the CBI has updated their Currency Buy/Sell listing on their website since 1/4?? …very odd (to say the least)...we may have to be digging to find the exact time of any value change - we use to say "just check the CBI". That's out the window... …it's gonna' happen overnite - we will (hopefully) know quickly, but we might have to dig and verify. IMHO. [Is there any chance that we have already had a value change, but has not been posted on the CBI?] anything is possible - but we have such broad contacts, I just doubt it has. [If we dont look at the CBI for the rate change, where will we find that information?] We're gonna' be looking at everything in context... probably some kind of "inter-bank memo" since they in the process of "re-engaging" right now. [can they have a rate and not showing it? How are they doing business other wise?] …the "not showing" part is not a long term thing - we'll know pretty soon. No matter what.
1-20-2017 Newshound Guru Breitling …It’s not what they’re saying it’s what they’re doing is what you need to understand the most…the CBI said they’re going to raise the value of their currency. The Ministry of Planning, parliament say the value is going to go up. I don’t need them to say anything if I’m watching their maneuvering and I understand how they’re going to compete. Then I understand how they’re going to add value to their currency. I really don’t have to hear anybody “say” anything. I just watch what they do. It’s not what they say it’s what they do that’s most important and the CBI is maneuvering in our favor if you’re investing in Iraq. So don’t get too crazy on what everybody says…just watch what the CBI does. Watch what the ministry of Planning is doing and how they’re doing it.
1-20-2017 Intel/Newshound Guru Mnt Goat …the RV is pending due to having the needed security and stability and this “security” is the needed stability the CBI keeps talking about is the liberalization of Mosul and this “stability” in getting the banking sector up and running along with fighting corruption and money laundering. They are doing this in amazing speed with new regulations and internal and international standards. I hope that by now you all realize this is the goal and the way to get the RV. So the FACT is at some point they need an international currency once in article 8…they have already promised to abide by all the articles and conditions. They also do not yet have a global currency from the sense necessary for what we want. The IMF is closely working with Iraq to get them to the place they need to be to meet all these conditions of article 8. This movement to article 8 is dynamic and ongoing.
1-20-2017 Intel Guru Bruce Tuesday night we talked about is the plan for us to have this blessing prior or after the inauguration of President Trump. On Tuesday I told you I believed the intention was to have it prior…we still do not have the Go signal…I am not sure I can say it will happen prior to the Inauguration. Could something happen over night? It could be possible. Maybe all breaks loose with the release we are looking for…shortly after the swearing in of the new president. That would be wonderful. We are hearing also Iraq’s Prime Minister Abadi is in Iraq still and is sort of waiting for the announcement to come so that he can release the dinar internationally. It has been revalued in the country. I am excited where we... The timing is close. I believe everything is ready. Our time is coming shortly.
1-19-2017 ** Dinar Guru Community News ** I'm saddened to report the dinar community has lost another guru. Guru RCookie has passed at the age of 53. Whether you agreed with his thoughts on the dinar or not he brought passion and a unique perspective for us all to enjoy and debate. RCookie added much to the conversation. He will be missed dearly. Our thoughts and prayers are with his family. The latest guru posts will continue below...
1-19-2017 Intel Guru RayRen 98 WE ARE NOW UP TO 21 BANKS, 3 CREDIT UNIONS & 5 CURRENCY EXCHANGE DEALERS AND COUNTING...180 DEGREE CHANGE - THEY ARE NOW EXCHANGING THE IRAQI DINAR. FOR ALL INTENTS AND PURPOSES, INTERNATIONAL ACCEPTANCE IS UPON US!
1-19-2017 Intel Guru ADMINBILL I WOULD SAY THAT FRANK'S [GURU FRANK26] WINDOW IS VALID FOR A NUMBER OF REASONS. (20th of Jan. to the end of the 1st quarter) PRIMARILY THE FIRST QUARTER INCLUSION IN MY PERSPECTIVE WOULD INCLUDE THE PUBLIC PAYOUT WHICH ALLOWS THE VALUE OF EACH CURRENCY TO STABILIZE. [i see the can getting kicked down the road again...] FROM WHAT I HAVE BEEN TOLD OUR CAN WILL BE OPENED VERY SOON. IT IS MY IMPRESSION THAT THE GOAL IS TO HAVE THE MAJORITY OF CURRENCY EXCHANGED IN THE FIRST QUARTER. MANY COUNTRIES ARE INTRODUCING NEW CURRENCIES AND WOULD LIKE TO HAVE THE OLDER DENOMINATIONS BACK IN THEIR POSSESSION TO BE DESTROYED. I WOULD ASSUME THAT AT SOME TIME IN THE FUTURE THE OLD CURRENCY WILL NO LONGER BE ACCEPTED AND BECOME WALL PAPER.
1-19-2017 Newshound Guru Breitling So I back everything I say by numbers…When’s the starting point? The CBI doesn’t even know…Like I said it’s all market based…I have not lost any confidence at all. I’m just as confident as when I first got into it, in fact more so because remember when I first got into this we projected that based on the information we had at the time it was only going to go to .4 cents per dinar. That was it. Then the CBI, Ministry of Planning, the Minister of Finance…these guys changed their minds. It’s all there in black and white. Nothing’s changed. So you should be very very confident in the numbers. It’s not my opinion. My whole message is not about opinions. You can eliminate all opinions.
1-19-2017 Newshound Guru mike M0 money supply is my main sticking point to adding value to the dinar. I'm "all in" with the data from the CBI that relates to how much currency is out and I can't see a sudden rise in the dinar. Let's see what happens in the first or second quarter...
1-19-2017 Intel Guru Frank26 Iraq will be international...better yet Iraq is international...it is just that no one is doing any business with them right now...because they have a program rate because that would be illogical to do business with a program rate...in fact...Allak never said we are going to be international at a program rate...no...he said...we are going to be international and to lift the 000’s would definitely benefit us...he talked about adding value... ...on the CBI website...all in Arabic ...they are all sitting there with empty slots waiting to be filled in... [reference Guru Frank26 post 1-18-2017] [post 2 of 2]
1-19-2017 Intel Guru Frank26 ...I made a mistake...I told you that Abadi needs to be in-country for the RV to occur...my humblest apologies...Abadi does not have be in Iraq for the RV to occur... [Guru] DELTA...said that Abadi needs the Monetary Reform...the CBI needs the Monetary Reform...the GOI needs it...for their international credit...for their trust... They are working on a lot of laws...these laws are for the GOI...not for the CBI...the CBI has all the laws they need...we told you the CBI is sitting there waiting waiting for the GOI to pull the trigger...waiting for Abadi to point at the CBI whoever is in charge out there and pull the trigger...the CBI has all of their laws...in fact their laws are for international structure and standards...the CBI is ready. [post 1` of 2....stay tuned]
1-19-2017 Intel Guru ADMINBILL OTHER THAN A NEW START LET'S SEE WHAT FRIDAY BRINGS US. I CONTINUE TO HEAR GOOD INFORMATION THIS AFTERNOON [THURSDAY]...
1-18-2017 Intel/Newshound Guru Mnt Goat Article: "Anmguetrah announcement of the establishment of the Supreme Economic Council" Quote: "...It announced a number of business men and academics in the field of economics, Saturday, for a proposal for the formation of the Supreme Economic Council." wow! We have waited so long for this to happen, finally it is here.
1-18-2017 Newshound Guru Adam Montana ...I’m very upbeat about the Dinar right now. More so than I have been in quite some time! We have Budget activity that is more timely than at any point in recent history. We have major talks of buttoning up major aspects of the Infrastructure, which is key to this all coming together. We have open spots in Parliament that are slated for completion as soon as next week. And for the biggest, perhaps most exciting “clue” of the decade… Article: "Oil announces the completion of a draft oil and gas law and send it to the Secretariat of the Council of Ministers" We’ve got a few days or weeks, but things are MOVING in the right direction! This is a PERFECT time to make sure you've got your ducks in a row...and maybe even a "prep list" of things to be sure you have and ready to pack at a moment's notice! We are at a point where I feel a sense of urgency to get every last detail checked and fine tuned...BOY am I getting just a tad excited!
1-18-2017 Newshound Guru loop [Just curious if there is a purpose for why the CBI would put the banks through the process of selling the dollar on a large scale rather than change the value of the dinar first and negate the need for selling the dollar...any thoughts on that?] As Alak has said the selling of the dollars will continue at present. It is the way that their economy is functioning and to just stop it would collapse the economy. When the time is right to stop selling the dollars they will do so. It is a process and as anyone who is looking can see they implementing new measures everyday to to give themselves the greatest chance of success when they decide to do away with the imposed rate.
1-18-2017 Newshound Guru Breitling ...With the Iraqi dinar I stand by the numbers. The numbers say they’ve reduced the note count. They said they are going to add value to their currency. They have all the opportunity in the world to add value to their currency. They are not a 3rd world country like people think they are. They were in trouble and are in trouble and in financial chaos because of geopolitics. Can they get out of it? Sure. I personally think they can. I think they will. Can they get their currency back to the original value before Saddam Hussein started screwing with it? I think they can. That’s why I invested in it. That’s why I speculated and say I think they can do it and gamble on this. [Post 2 of 2]
1-18-2017 Intel Guru Frank26 ...one of the things that [Guru] DELTA has been watching for a while...the Indicative Rate on the CBI website on the Arabic side...there is no program rate since January 4th...he said you do know there are a total of three places on the website where we follow the program rate...he said yeah since January 4th of this year they haven’t put up any rate whatsoever on one of the three, but last...Friday morning all three slots are empty...I said obviously IMO I think they are getting ready to put up a new rate and remove the program rate they have had as handcuffs for a long time...the CBI cannot have two exchange rates as ones posted on the CBI website...it is against the law...that is why I think they took the program rate off the other two slots and all three slots are empty and ready to be filled in...there is a rate IMO...that is coming.
1-18-2017 Intel/Newshound Guru Mnt Goat Many articles are most revealing and positive. We know fixing the security breach with ISIS was planned for completion at the end of 2016. It has not yet happened and so we wait. It is my firm opinion (and the information told to me by my CBI contact) that it is now all a matter of physical security and banking stability. Huge, huge worry about money laundering and what might happen if they don’t fix this situation prior to the RV. Have you not seen them working diligently and very hard in these two areas lately? Why do you think they are doing all these reforms?
1-18-2017 Newshound Guru Breitling The currency reset? what the hell is that? It doesn’t even exist and people are buying dinar because of it? If you’re going to get into an investment get in for the right reasons. With that said…I back every single thing I say, every number that I watch…It comes from the CBI, the Ministry of Planning, the Ministry of Finance and Parliament. You can’t get around it. They are the ones who are saying they are going to add value to the currency…not me. I’m just following it. It’s not like one day I just woke up and said I should go out and buy dinar…Iraq has the ability to add value to their currency and they have the ability to do exactly what they said they are going to do…get their currency to a buck. [Post 1 of 2]
1-18-2017 Newshound Guru loop Article: "The central bank issued new instructions to regulate the process of selling the dollar" Quote: "...the instruction stresses the need to achieve the main objective of the Central Bank, a knowledge of the ultimate beneficiary and the preservation of hard currency for Iraq through the optimal use in order to serve the national economy and sustainable development..." "a knowledge of the ultimate beneficiary" The IBANs make this very easy to track. The actions that are happening in the bank sector right now are a huge indicator of where Iraq is headed and that should make everyone in this room very very excited.
1-18-2017 Intel/Newshound Guru tman23 Article: "Central bank: deletion of zeros from the currency deferred for the time being" Deferred for the time being...When I read this... my first thought was... THEY ARE READY TO GO... To say deferred for the time being is NOT "Iraqi LINGO"....If he had a teleprompter I would say the UST was on the other end typing...I expect to see BIG NEWS at anytime and not thinking in terms of weeks.
1-18-2017 Newshound Guru loop [did the budget ever get in the gazette yet?] Yes. The Budget was published in the Gazette on Sunday.
1-18-2017 Intel Guru Bruce The flag ...the gift from China...in Mosul...is in a very special part of the city, it is flying...we are looking to get some type of acknowledgement of take back of Mosul and the new international rate for the Iraqi dinar. Is the rate in the budget? Yes. It is in the Gazette? Yes. Visible to us? No, still being kept from us. Just like Mosul. We are looking for that to be revealed. As far as Iraq concern, they have done all they were suppose to do. Everything is pointing to pre-Inauguration.
1-17-2017 Newshound Guru mike Article: "Iraq opens the door to possibilities deletion of zeros from the local currency" Quote: "...the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." ...the CBI is working towards adding value to the dinar...the CBI didn't specify a date, they're still waiting on appropriate conditions and they want to make sure all their T's are crossed and their I's are dotted before they start. I think it's pretty safe to say...that Iraq needs to do some things before the dinar will gain in value: 1) Get the MCP below 2% 2) Remove Exchange Restrictions 3) Pass the long overdue legislation related to the the banking and economy verticals. 4) Create the open market that's necessary to increase demand.
1-17-2017 Newshound Guru hutch ...we do have an idea of what is happening...if you look at their 5 yr plan that has been set out by shabibbi, saleh and abadi... they are sticking to it. And it is playing out. The LOI's, MOU's have it all set out as to what their goals are and how to achieve them. And its working.
1-17-2017 Newshound Guru wmawhite [...wouldn't reducing the note count to the point of a liquidity crisis force a rise in the value based on supply and demand once the Dinar is free to go up in value?] The note count has an effect in country, but only the CBI sets the value outside the country.
1-17-2017 Intel Guru ADMINBILL LIFT OFF IS IN SIGHT. AND IT COULD BE BEFORE THE INAUGURATION. NO PROMISES BUT THE LINES ARE BUZZING. REMEMBER, WE HAVE HEARD IT ALL BEFORE BUT THIS IS VERY WELL SOURCED. UPDATE INFORMATION: I just received a personal message and got permission to share with everyone: Tonight [Monday] brings excellent news with a possibility of an increase in value of all currencies between shortly before and shortly after the inauguration. This information is new tonight with multiple separate sources in agreement. ...it appears we are inching rapidly to the finish line.
1-17-2017 Newshound Guru mike Article: "Iraqi dinar is not in danger and delete the zeros Postponed" Quote: "revealing that the deletion of zeros from the currency, deferred for the time being." The loose translation for defer is "to put off (an action or event) to a later time; postpone." And then he states: "the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." He's telling us they don't have a date, they're just waiting for the right conditions to move forward. In order for a currency to have value it needs several things like political stability, free from conflict and a economy that produces and exports products to create demand for the currency...once they raise the value the prices will change, 10,000 dinars today will buy you five packs of smokes, 10,000 dinars after it rises to 1-1 will buy you a Toyota pickup.
1-17-2017 Intel/Newshound Guru Mnt Goat Where is Iraq in this process? There is absolutely nothing to indicate to us any hold up or delay in the EARLY 2017 process to move forward with the “project to delete the zeros”. There was one new article about the project to delete the zeros and I believe this one was totally misinterpreted by many... Article: "Governor of the Central Bank's "Tomorrow Press": Iraqi dinar is not in danger and delete the zeros postponed already many times, going forward" I believe it is actually just the opposite. It is all very good news... It is not saying the project to delete the zeros is postponed again. The postponement part in the headings is simply telling us they did postpone it already way back in 2015/early 2016 and we are still waiting for it and that they are just delaying it due to...do to...SECURITY, SECURITY and the need for more SECURITY. The CBI is basically telling us its coming and so just hang on.
1-17-2017 Newshound Guru wmawhite A change in the prices of goods; the prices are what determine the size of the notes. Lower the prices, remove the large notes. What will change the prices of the goods/ marketplace? A dramatic increase in the value of the currency that is importing the goods. General stability, security = FINANCIAL security, financial stability, not military security. Alak is a bank manger, not a military... Alak is saying today the market conditions are not correct for removing the large notes...and he does not have a date for that...he will not have an idea when until he raises the value and we know he is preparing to do that. Two different things...One is removing them physically to lower the note count....the second is removing them naturally because the prices have lowered due to a value change. The prices in the market place need to lower in order for the citizens to use smaller notes, thus no need for the larger notes. [post 2 of 2]
1-17-2017 Newshound Guru wmawhite Article: "The Central Bank Governor for "tomorrow": Iraqi dinar is not in danger and delete deferred zeros" Folks...each of us need to pay attention to exactly what is said. Alak was referring to the large notes, the removal of the large notes from the currency. That is NOT the same as increasing the value of the currency. They are two very different events. ...this is pertaining to the removal of the three zero notes from the marketplace/from the currency; "the Iraqi Central Bank did not specify a date for the "...deletion of zeros from the currency dinar," This Statement is not about the change in the value of currency. He is saying that the prices in the marketplace are not appropriate yet in order to remove the currency. So, what will change the marketplace? [post 1 of 2....stay tuned]
1-17-2017 Newshound Guru My Ladies ON FRIDAY THE CBI CAME OUT AND ANNOUNCED AN INTENDED DOLLAR BOND SALE AND THEY ALSO SAID THAT THEIR FINANCIAL SITUATION IS SAFE UNTIL 2021. THE IMF AGREED WITH THIS. ALSO LAST WEEK IRAQ SAID THIS COMING WEEK THEY WILL BE SELLING THE DOLLAR DIRECTLY ACROSS 5 BRANCHES FOR THE OFFICIAL RATE WHICH FURTHER PROVES THE STRENGTH OF THE DINAR AND THE CLOSING OF THE GAP BETWEEN OFFICIAL RATE AND MARKET RATE. IRAQ DOES NOT NEED TO CHANGE THEIR PRICE TO BECOME INTERNATIONAL AND THEY MAY BEGIN TO TRADE, BUT THEY WILL NOT EVER PUSH A BUTTON AND JUMP TO 3+ DOLLARS, THIS IS NOT HOW THING WORK... [post 2 of 2]
1-17-2017 Newshound Guru My Ladies IRAQ ANNOUNCED...THE DELAY OF THE DELETE THE ZEROS PROJECT... THE WHOLE REASON FOR THE DELETION WAS TO PRESERVE THE CURRENCY AND THE NEED IS NO LONGER PRESENT...OTHER COUNTRIES HAVE DELETED THE ZEROS, AND IT IS A MAJOR UNDERTAKING AND USUALLY FOLLOWED BY A DEVALUATION OF CURRENCY, THE DINAR IS STABLE IS AT THIS TIME. THE GAP BETWEEN THE OFFICIAL RATE AND THE BLACK MARKET RATE IS CLOSING. ...AT THIS TIME THE OFFICIAL RATE IS 1182 AGAINST THE DOLLAR AS OPPOSED TO 1300 AGAINST THE DOLLAR WHICH IS THE MARKET PRICE... [post 1 of 2....stay tuned]
1-17-2017 Newshound/Intel Guru BGG Article: "Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed" [AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO!...does this mean Mosul?] probably - (my take)...it really looks like control of Mosul (and liberation) seems to be some kind of criteria (set for them by someone else). however, there are numerous references to this happening soon. ...in my book - that doesn't negate any of the earlier CBI comments about the beginning of 2017 - sounds a bit like they may have had it planned for sometime before now and some calculus has put things off a bit...like Mosul? ...AND Alak makes no mention of "how long" it is "postponed" (or what their original intended start date might have been)... a day - a week - a month?? He's talking to a reporter. Could mean anything.
1-16-2017 Newshound Guru rcookie [Any comments on this article? "Governor of the Central Bank of Iraq on the Keywords Governor of the Central Bank's "Tomorrow Press": Iraqi dinar is not in danger and delete the zeros Postponed"] THIS ARTICLE IS AN AFFIRMATION OF EVERY STATEMENT MADE IN PAST CONCERNING IQD MARKET STABILITY AND DISPUTE OF DEGRADATION...REASSERTS THE FISCAL OPERATIONAL DISCIPLINES APPLIED BY THE CBI...AND ALSO RESTATES THERE IS NO DATE SET FOR THE DELETE ZEROES PROJECT (WHICH THEY WILL NEVER ANNOUNCE)...AND AWAITS THE APPROPRIATE MARKET CONDITIONS AND GENERAL STABILITY OF THE COUNTRY...ALL IN THE INTEREST AND SCOPE OF ASSURING THE SUCCESS OF THE PROGRAM...THEY HAVE THOROUGHLY PLANNED THIS PROGRAM OUT IN ALL OF ITS COMPLEX STAGES AND ACTIONS...AND ARE AWARE...CONFIDENT AND IN PURSUIT OF ATTAINING THE ACCEPTABLE WINDOW OF METRICS TO LAUNCH...SO TO ALLOW FOR MAXIMUM SUCCESS...NOT LEAVING ANYTHING TO CHANCE...
1-16-2017 Intel/Newshound Guru Mnt Goat Article quote: "Iraq announced today that it completed the process of fulfilling the commitment before the last to exit from under Chapter VII of the UN Security Council, stressing that it was left only has complete compensation file with Kuwait." We can see they are telling us that Iraq fully plans to pay off the remainder of the war reparations to Kuwait using these frozen assets now in foreign banks. Folks I have to say it again this is WOW! news, history being made right in front of our noses... If you were the CBI governor and you knew the sanctions could hold back a plan to launch the lower denoms and RV the currency and finally move forward with international trade and open global investment, then what would you do? They found a way to pay it off very early and are moving ahead of schedule on this event. They need to do this to align with the EARLY 2017 project to delete the zeros. I do not think they are going to let this opportunity slip by again.
1-16-2017 Newshound Guru loop IF YOU LOOK AT THE ACTUAL QUOTE FROM ALAK HE DOES NOT USE THE WORD POSTPONED (THE REPORTER'S INTRO DOES), WHICH WOULD INFER THAT A DATE HAD ALREADY BEEN SET AND KNOWN... TO MY KNOWLEDGE AN ACTUAL DATE HAS NEVER BEEN ANNOUNCED TO THE PUBLIC... I THINK WE WOULD ALL BE VERY AWARE OF IT IF ONE HAD BEEN MENTIONED... THE CLOSEST THING TO A DATE THAT ALAK HAS SAID WAS THAT IT WOULD START EARLY 2017... [post 2 of 2]
1-16-2017 Newshound Guru loop Article: "Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed" SO A REPORTER FROM TOMORROW PRESS ASKS ALAK IF THE DINAR IS IN DANGER AGAINST OTHER CURRENCIES AND HE SAID NOT AT ALL WE ARE CONSTANTLY MONITORING IT, HAVE PROCESSES IN PLACE AND HAVE EVERYTHING UNDER CONTROL. THEN THE REPORTER ASKS HIM WHEN THE DELETION OF THE ZEROS PROJECT WILL START AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO! NO EARTH SHATTERING INFORMATION HERE. IT IS A PROCESS THAT WILL ONLY BE IMPLEMENTED WHEN ALL OF THE METRICS THEY ARE LOOKING FOR ARE MET. THIS WILL GIVE THEM THE GREATEST POSSIBILITY OF SUCCESS. [post 1 of 2....stay tuned]
1-16-2017 Newshound Guru mike Kuwait never RV'd their currency, they just reinstated it after Saddam was pushed out by Bush Sr. There was no full page ad denying the possibility either... As a note, Kuwait reinstated their currency on March 24th, 1991 at a rate of $3.47 to $1. Prior to the invasion the rate for the KWD was $3.50 to $1.
1-16-2017 Newshound Guru Islandg1211 The good news is that the CBI continues to move forward. Last week, Iraq's banks got their IBAN international bank transfer number codes. That's great news and really shows that Iraq certainly does plan to get the Dinar international again and off the UN sanction rate. Reports of more US banks buying and selling Dinar is also good news, testing the system, adding the Dinar, and making it internationally acceptable. Neither the IBAN codes nor the sale by banks of the Dinar make practical sense without the RV. [post 2 of 2]
1-16-2017 Newshound Guru Islandg1211 East Mosul is about 80% liberated. The rest of East Mosul shouldn't be a problem. At that point, Mosul would only be 50% liberated, while the other half would not even be staged. DONT BE CONFUSED BY ARTICLES STATING THAT THE "center of Mosul is secure," because it's only half of circle with the river cutting through it... WEST MOSUL IS A SEPARATE BATTLE. But, up to now, the Pentagon and the CBI have told us everything that they are doing, and right now they are looking at needing a few more months to get both Mosul and the RV done. I've always been of the opinion that the RV would happen in the month of April, so hopefully enough progress will be made by then. In any case, both ISIS and the sanctioned Dinar rate will be gone in 2017. [post 1 of 2....stay tuned]
1-16-2017 Newshound Guru My Ladies ...WHAT IS IBAN? IBAN IS AN INTERNATIONAL BANK ACCOUNT NUMBER. THAT IS ALL IT IS AND NOT EVERY COUNTRY THAT DOES BUSINESS INTERNATIONALLY IS REQUIRED TO HAVE ONE. FOR INSTANCE THE USA DOES NOT REQUIRE ONE BUT SOME COUNTRIES DO IN ADDITION TO A SWIFT OR BIC NUMBER. NOW YOU CAN ADD IRAQ TO THIS LIST, BUT STILL THIS HAS ABSOLUTELY NOTHING TO DO WITH CURRENCY...MONEY WILL NOT BE FLOWING INTO IRAQ ON THE IBAN. IT IS NOT “THE” IBAN AND IT IS NOT A MEANS OF CARRYING MONEY, IT IS SIMPLY JUST ANOTHER ACCOUNTING SYSTEM AND IT IS NOT A PRECURSOR TO ANY SO CALLED “RV”...
1-16-2017 Newshound Guru Islandg1211 Article: "CBI News Press: DELAY OF PROJECT TO DELETE THE THREE ZEROES" The acting Gov of the CBI announced today that he has to again delay the RV. Abadi had hoped to liberate Mosul in three months time, from October to Dec 31. Allak had also hoped to RV in the beginning of this year, after delaying it three times in previous years. Allak doesn't specifically state that he is waiting for ISIS to be gone, for he also has to get everything done for the monetary reform. So, it isn't clear what is delaying the RV. He states today that he isn't even projecting a date. (Also, he can't say.)
1-16-2017 Newshound Guru Kaperoni That being said, I think the IMF stated just a week or so ago that the CBI only completed 3 of 9 benchmarks during 2016 as required as part of the SBA. So like usual, the CBI is behind schedule again. The good news is they are making progress, and they are implementing the requirements. I would expect that we are at least 3-6 months behind schedule at this point, but the CBI is not going to announce when they are going to get off the peg and float. And knowledge of moving from Article XIV to VIII will not be announced in advanced. We need to just watch the progress, let this come to us. It will happen..because there can be no market economy without it. [post 2 of 2]
1-16-2017 Newshound Guru Kaperoni Article: "Iraqi dinar is not in danger and delete the zeros Postponed" Quote: "the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." He stressed the central bank governor and the agency, the need to "ensure the success of the process of deleting the zeros requirements before starting out, so the central bank will continue technical preparations in order to be practical fit when deciding deletion." I don't see anything bad in this at all. ...the CBI must create the conditions for the project to succeed. Time is not unlimited here...they need to get started before the market economy can launch. [post 1 of 2....stay tuned]
1-16-2017 Intel/Newshound Guru Mnt Goat Article: "The fight against terrorism: the coming hours we will liberate the financial district in Mosul" Quote: "Revealed the commander of the Second Special Operations in the counter - terrorism apparatus Maj . Gen. al - Saadi Maan that the next few hours will see the Emancipation Proclamation financial district..." What does “Emancipation Proclamation” mean? It means in ISIS/Daesh context - proclaimed the freedom of Iraqi people enslaved by ISIS and Daesh forces throughout Iraq. It says in the next few hours, not days or months. It will be formally announced by the prime minister and broadcast throughout Iraq. It will be the key announcement we have been waiting for. They have been telling us to look for this now since mid December and now it is coming very soon.
1-15-2017 Intel Guru Frank26 How long is it going to take before we see these numbers change...the IBAN it was set up on the 2nd...they have been doing international transactions since the 2nd...well maybe yes...maybe no…it is set up to do it as soon as they get a non-program rate...without sanctions ...that is the reason why IMO there is no rate on the CBI website...If they are at Article 8...if they have lifted the 000’s from their exchange rate...well then the sanctions from Chapter VII should be lifted by now...IMO they are about to change...they are about to lift the 000’s from their exchange rate...the CBI is...implementing what they told you and me and the international world at the start of 2017...they said they would trade internationally in the early part of 2017...and I see all of the equipment...I see all of the necessities...for them to do exactly that. [post 2 of 2]
1-15-2017 Intel Guru Frank26 ...Monetary Reform has reached the point where everybody has agreed with the numbers…to the point where the budget that contains the number has been approved and will be in the Gazette very soon. Do you know who else got...the LOI...the one the IMF got...the mother of all Central Banks...the Bank of International Settlements...the BIS...which is found in Switzerland...trust me they also got the report that Iraq is ready to lift the value of their currency in the beginning of 2017...so when the CBI website updates their new numbers the international world will also be able to see that they have changed their rate. [post 1 of 2....stay tuned]
1-15-2017 Newshound Guru Millionday Article: "Baghdad (IraqiNews.com) Iraq and the United States signed Thursday the guarantee for a US$1 billion loan to Iraq." Quote: "...undersecretary of Iraq’s finance ministry, Fadel Nabi, said the move “represents an initial step towards accessing world capital markets on a greater scale after legal requirements had been fulfilled and specific policies taken into consideration.” THIS IS TO ACCESS WORLD CAPITAL MARKETS...DEFINE WORLD CAPITAL MARKETS>>> The trading floor of the New York Stock Exchange, one of the largest secondary capital markets in the world. ... A capital market is a financial market in which long-term debt or equity-backed securities are bought and sold. Capital markets are defined as markets in which money is provided for periods longer than a year.
1-15-2017 Intel/Newshound Guru Mnt Goat Article: "Private banks signed a memorandum of understanding with an international company for the exchange of banking experience" More MOUs... There would be absolutely NO reason to do all this training and transfer of banking knowledge (of this nature) if they did not intend to go international with their banking practices and just stay under a “closed” economy. The Iraqi banks are in the final days of preparation for the move to international currency...as my CBI contact has now informed me. This article is proof...
1-15-2017 Newshound Guru loop Article: "Rasheed: Direct selling the dollar early this week" Quote: "Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement..."the beginning of this week will begin selling the dollar for travelers across five branches." He added, "The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence," pointing out that "the sale will be at the official rate..." [Does official rate mean the same thing as "program rate" or does this mean they would be giving us a new rate...?] It's talking about the current rate of 1184 plus a small percentage for the bank and not the overly inflated rate that the street vendors sell it for. IMO. This will serve two purposes. The most important one being it is a continuation of the state runs banks campaign [to] gain the trust in the banking sector by the citizens and the second side benefit will be that it will pull in more 3 zero notes instead of those notes continue to circulate on the streets or put back into mattresses.
1-15-22017 Newshound Guru rcookie Article: "The opening of the Media Network office in Mosul" IRAQI MEDIA NETWORK HEADQUARTERS OFFICE REOPENED IN DOWNTOWN MOSUL...AND...NEWS TODAY CONCERNING RATION CARD BENEFITS REACHING MOSUL AS WELL.
1-15-2017 Intel Guru Frank26 I feel they have dropped the 000’s from their exchange rate...but I feel they are hiding that process...or I feel they are within days of doing it...and they will hide that process...I believe their goal is to lift the 000’s in the Mookla of this year and hide the process...IMO I think we will see this sometime after the 20th...legally the country through the IMF cannot change its rate in the middle of a year...in the middle of a fiscal year...only at the beginning of a year...that is why the Mookla is so important. ...they sent the LOI [Letter of Intent] to the IMF and said hey GOI/CBI we are both ready to give the new rate at the beginning of 2017...that is why IMO there are no numbers at the CBI website... because the numbers in the month of January...the Mookla of 2017...those numbers have changed...and we haven’t seen any new numbers since the 4th...and only the IMF can send the new numbers through the CBI so the CBI can post it officially on their website. [post 2 of 2]
1-15-2017 Intel Guru Frank26 I want to tell you something Family...the things about Mosul...the things about the budget...the things about al-Baghdadi...the things about IBAN...the things about the Multiple-Currency Policy...the things about the auctions...all these things...I want you to know this is not a process anymore...I’ve always told you it was a progression...it is a process that is leading us in the direction of the Monetary Reform...but I am here to tell you IMO all of these things I just mentioned...it is no longer a process of events...it is an ending of events… [post 1 of 2....stay tuned]
1-14-2017 Newshound Guru hutch Article: "Rasheed: Direct selling the dollar early this week" Quote: "Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement..."the beginning of this week will begin selling the dollar for travelers across five branches." He added, "The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence," pointing out that "the sale will be at the official rate..." [What is the official rate is the million dollar question?] THE OFFICIAL RATE IS THE CURRENT RATE OF EXCHANGE AT THE TIME THE EXCHANGE IS BEING MADE.
1-14-2017 Newshound Guru loop Article: "Rasheed: Direct selling the dollar early this week" Quote: "Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement..."the beginning of this week will begin selling the dollar for travelers across five branches." He added, "The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence," pointing out that "the sale will be at the official rate..." THERE IS NO ...WAY THAT ANYONE SHOULD DRAW THAT CONCLUSION THAT THIS IS HINTING AT AN RV! THAT BEING SAID I AM SO EXCITED AND I JUST CAN'T HIDE IT!
1-14-2017 Newshound Guru rcookie Article: "Trade processing liberated areas of Mosul, the fourth batch of food items" Quote: "The Ministry of Commerce announced the processing of the liberated areas in the left coast of Mosul, the fourth installment of the ration card items (oil, sugar)." SO...THEY ARE PROCESSING RATION CARD ITEMS AND BENEFITS TO THE LIBERATED AREAS OF MOSUL...PEOPLE RETURNING HOME AND MORE BACK TO NORMAL ACTIVITIES.
1-14-2017 Newshound Guru American Contractor The senior ranking member of the Iraqi Economic and Investment Commission is a woman by the name of, Najiba Najib. She has full authority on matters related to the Iraqi dinar currency. This woman is single handedly responsible for halting the delete the zeros project in 2014. How influential is this woman? Najiba Najib is so powerful, that on any given day she could randomly announce “today we increase the value of the Iraqi dinar currency”. That’s the power Najib possesses. Currently, insider reports are leaking that there is much friction between Najiba and the Director of the CBI. The reason being is that Najib wants to delay the launch of deleting the zeros project that the Central Bank so adamantly wants. Najib is insisting that they wait until year 2018 or 2019.
1-14-2017 Newshound Gurus rcookie, wmawhite and hutch They will be working with the IMF to be prepped for that because there is a monetary reform process and an economic reform process...the revaluation of their currency is part of the monetary reform...this will kick start the economic reform...that is the trigger mechanism, IOO. But they have other things they have to do for the economic reform to be successful...because if you don't have a sound economic environment this level of monetary reform is going to be difficult to support the valuation. Iraq has taken the position that they want their monetary reform to be successful and therefore their economic reform has to be successful as well. [post 2 of 2]
1-14-2017 Newshound Gurus rcookie, wmawhite and hutch The only reason they have the imposed rate on their currency is not sanctions put on by the IMF...it is sanctions put on them by the UN under Chapter 7. The IMF is helping them get back on their feet as they transition into a market driven economy along with the rest of the world and that is the process that we have been watching. Once the UN removes Chapter 7 that means they also remove the sanctions that were imposed from Chapter 7 and that releases Iraq to reinstate/revalue their currency... [post 1 of 2....stay tuned]
1-14-2017 Intel Guru ADMINBILL START LOOKING FOR THE RV AFTER THE 20TH. MY PERSONAL OPINION IS THAT THOSE WITH THE AUTHORITY TO RELEASE THE RV/GVR FUNDS DO NOT TRUST THE CURRENT ADMINISTRATION TO ALLOW US TO BENEFIT AND WOULD RATHER ALLOW THE NEXT ADMINISTRATION TO MOVE FORWARD. I MAY BE WRONG AND WAS TOLD I AM BUT THAT IS MY OPINION. [I don't suppose you can say what changed to back away from this weekend being a big possibility anymore?] THERE IS ALWAYS THAT POSSIBILITY... [You said that was your feeling but some sources disagreed, do they still think it might pop sooner?] YES THEY DO AND I HOPE THEY ARE RIGHT AND I AM VERY WRONG.
1-13-2017 Newshound Guru loop Here are the regional players who are listed on Swifts.com IBAN Registry - Bahrain, Israel, Jordan, Kuwait, Lebanon, Qatar, Saudi Arabia, Turkey, United Arab Emirates. THe only two direct neighbors who are not listed are Iran, & Syria...Nordea.com...also has Egypt and Iran on their list for countries with IBAN numbers. According to the Nordea site IBANs are mandatory for all cross boarder payment for Bahrain, Israel, Jordan, Kuwait, Lebanon, Qatar, Saudi Arabia, Turkey, & United Arab Emirates. This makes Iraqs move to the IBAN even more interesting.
1-13-2017 Intel Guru Jester IT APPEARS THAT OTHER THINGS ARE IN THE WORKS... I AM TOLD THE BUDGET IN IRAQ IS PASSED... YOU DON'T SEE THAT ANYWHERE I FIND YET... WE'LL SEE...I AM TOLD ABADI IS COMING TO THE INAUGURATION AND HAS A MEETING SET UP WITH TRUMP... AGAIN, WE'LL SEE...I HAVE CONFIRMED THAT TRUMP DID INDEED INVITE HIM...
1-13-2017 Newshound Guru loop Article: "The Trasport Ministry is putting pressure on the Korean company constructing the port of FAW's breakwater barrier to finish the project." The Transport Ministry is willing to expedite the process from their end by removing administrative obstacles. The port of FAW has the potential of being a huge revenue generator once it is fully operational...they plan on being a gateway for import goods going to Europe via the "dry canal" (Railway System) that they are currently constructing.
1-13-2017 Newshound Guru rcookie Article: "Iranian company intends to invest an industrial city border..." [There is an amazing amount of news about people coming to Iraq, such ambassadors (Canada) and more companies (Russia).] AGREED....CANADA... RUSSIA...IRAN...JAPAN...AND THATS JUST TODAY...
1-13-2017 Newshound Guru Phillyman [new Guru] Article: "Parliament to raise its next Sunday" Quote: "Raised the Presidency of the Council of Representatives, on Thursday, its second session of the second legislative term of the third legislative year to next Sunday, while the meeting included a vote on the Supreme Judicial Council Act." ...they are done till Sunday and the only vote taken I could find was for the Judicial Council Act.
1-13-2017 Newshound Guru loop Article: "Warka Bank" .. Citizens lament the huge sums of money entered did not graduate" Quote: "The manipulation of banks and private civil entitlements of citizens, is extremely dangerous, the fact that those practices and behaviors cast negative impact on the citizen's confidence in the Iraqi banks in general, and especially the private banks." ...more proof that they a righting the ship and cleaning up the mess. People were not able to get the money out that they they deposited 7 years ago until just recently. Most likely they will be put under the tutelage of the Central Bank. ...Alak has said that the Central bank will make sure that the citizens will get there money back even if the CBI has to do it. Rebuilding the trust in the banking sector is paramount to the success of Iraq moving forward.
1-13-2017 Intel/Newshound Guru Mnt Goat Article: "Iraq and Japan signed on Tuesday a memorandum of loan - related reconstruction of the electricity sector - the third phase." do you think they will need electricity to run those ATM machines, debit card swiping machines? Its not all just about those running those AC units. Did I mention computers for e-dinar banking also work off of electricity? ...Its all interconnected.
1-13-2017 Newshound Guru Adam Montana [When you read articles pertaining to the RV, what are some of the signs or tip offs that you see in an article that tells you something is going to happen? Also, is Iraq in another holding pattern now? I haven't heard much coming from the Parliament lately.] I don't actually look for "signs" or "tip offs", I pay more attention to patterns and "big picture". But regarding Parliament, I disagree there - I'm seeing a lot of good patterns continuing and also new ones emerging.
1-13-2017 Newshound Guru mike Article: "Deputy: Parliament on the verge of the task and the law of oil and gas in its priorities legislation" I don't believe we'll see an HCL until both the Kurds and Baghdad have new leadership. Barzani and his people are as dug in as the Shia that dominate Baghdad. The HCL will provide transparency to the people and the world and these guys aren't having any of that. It's going to take a seismic shift in the Iraqi political scene before that's going to happen.
1-12-2017 Newshound Guru Adam Montana [If Iraq is borrowing money, how can they afford to RV?] That's a non-question... a financial company is building a 20 million dollar structure across the street from one of my commercial properties. I am personal friends with the banker who handles their loan... they don't need a loan at all, they have at least 5x liquidity to cover the entire project. Why are they borrowing the money, then? Because that's what smart money does.
1-12-2017 Newshound Guru Kaperoni Article: "The Ministry of Planning is responsible for the implementation of private sector development strategy" Currency reform must be completed before any market economy can begin.
1-12-2017 Intel Guru Frank26 A beautiful thing happened at the CBI...early morning today. [reference Guru Delta post 1-12-2017]. If they have lifted the 3 zeros...then sanctions should have been lifted by now. I am also of the school of thought that it would be very embarrassing to come out with a program rate...especially if you lifted the 3 zeros...which means you’re in Article VIII ...but can only be defined IF Chapter VII was lifted – ONLY! As the international money comes into Iraq through IBAN...it will flood the country with currency.
1-12-2017 Intel/Newshound Guru Backdoc THE IMF STUDY CLEARLY STATES THAT YOU CAN'T CONVERT A DIGITAL CURRENCY TO A NON DIGITAL CURRENCY! THE NEW DIGITAL CURRENCIES WILL REPLACE THE OLD ONES NOT CONVERT! ...SO WE KNOW EXACTLY WHAT WE ARE LOOKING FOR, THE NEW DIGITAL DOLLAR SINCE WE ALL KNOW THE OLD DOLLAR AS IRAQ STATES IS NOT DIGITAL! THE TIMING IS NOT ABOUT THE BUDGET OR ANY OTHER THING IN IRAQ IN MY HUMBLE OPINION, IT IS ABOUT THE ARRIVAL OF THE NEW DOLLAR WHICH IS COMING THIS WEEKEND OR NEXT MOST LIKELY, IMO
1-12-2017 Intel/Newshound Guru Backdoc THE NEWLY ACQUIRED IBAN NUMBER IN IRAQ CAN NOW EFFECTIVELY MOVE FUNDS INTERNATIONALLY ON A DIGITAL PLATFORM IN SECONDS NOT WEEKS! REALIZE THIS IS ONLY A PART OF THE WHOLE SYSTEM THAT NEEDS TO BE ADMITTED BUT MORE WILL COME IN THE NEXT FEW DAYS I SUSPECT! ...YOU CAN'T SEE THE NEW ASSET-BACKED DINAR TO EXCHANGE UNTIL THERE IS A DIGITAL CURRENCY TO EXCHANGE TO PERIOD! THE POTENTIAL NOW EXISTS ONCE IRAQ'S COMPLAINT IS SATISFIED! WHAT COMPLAINT? ...THEY COMPLAINED ABOUT NOT BEING ABLE TO DISPOSE OF THE OLD DOLLAR BECAUSE THEY HAD TO WAIT UNTIL THE U.S. TREASURY ANNOUNCES THE NEW ONE! [post 1 of 2....stay tuned]
1-12-2017 Intel Guru ADMINBILL HEARING TONIGHT MAY BE IN THEY CARDS. REMEMBER, THE KEY WORD IS ALWAYS "MAY". KEEP YOU FINGERS AND TOES CROSSED.
1-12-2017 Intel Guru Delta ...IT LOOKS LIKE THE RATE ON THE SPREADSHEET OF CBI IS GONE NOW ALSO...SINCE THE START OF 2017...NEW RATE IS COMING!!! CAN I SAY BINGO!!!
1-12-2017 Intel Guru RayRen98 [After the Budget is released to public to see will that have 1] new rate ...2] or do you think it will be after January 20th when Abadi comes to the Inauguration of President Donald Trump?] That’s what we are being told, that it will be in this Budget. I don’t think it will wait until after the Inauguration, because of everything that has taken place, but if so, so be it. It’s not that long away, after all! [Is the Budget in the Gazette?] The Budget is not in today’s Gazette, but there is an expectation of seeing in Sunday’s Gazette. WE wait to see what happens next.
1-12-2017 Newshound Guru Adam Montana [Who is going to give in first on the HCL issues. From what Im understanding the whole HCL thing is just a matter of the percentage of the budget.] "Who" is going to give in first? That's a question that just makes me GIDDY with joy, because nobody has to "give" in at this point... they are truly at a place where everyone is moving forward, everyone is winning, and things are just going great for us! I can almost envision a red carpet rolling out in front of us (and them) on the current path. Something REALLY bad will have to happen to change that.
1-12-2017 Intel/Newshound Guru Mnt Goat "President Fouad Massoum on "financial budget law to 2017", has approved the federal budget of the Republic of Iraq for the fiscal year 2017 ″, noting" that it was sent for publication in the Official Gazette ". ...this will not mean an automatic RV, nor that the “RV new rate” will be written in the budget for us to see.
1-12-2017 Newshound/Intel Guru Arthur On the security front, we see massive progress to the point where many believe the final liberation flag could be flying over the center of Mosul as early as end of this week. We also know that just days ago PM Abadi closed the boarder with Iran and issued a blackout. When we consider that the UN/CBI has not updated on their usual schedules, and that we are now being told that many bankers are seeing blank rates on their screens with only an 800 number for further information, and that just days ago the Electricity Minister of Iran postponed the signing of further contracts with Iraq until as he said "the new exchange rates are taken into consideration," and that the Iraqi 2017 budget has been signed with a 7 day constitutional deadline for entry into the Official Gazette, as we are just days away from the inauguration of new American leadership, we now have a perfect storm to finally see this blessing ANY DAY NOW IMHO.
1-12-2017 Newshound Guru Adam Montana I believe the HCL is closely tied to many things, which is why it couldn't be passed successfully in the past. Too many things are intertwined into it! This is not a "magic wand" situation... Many many factors are part of this complex process, and every time we see a positive article from Iraq regarding utilities, trade, government, and a slew of other elements have to come into place for Iraq to RV. They could just RV today, but without a little more stability in their infrastructure, the value could easily crash before we even get to cash in... nobody wants that! So as intelligent and (sometimes) patient investors, we continue to watch and root for Iraq. Our patience will be rewarded. It's just a matter of time.
1-11-2017 Intel Guru Delta ...on the 8th...the CBI sending message to all money changers...the CBI will no longer be involved with the auctions – The CBI is handing off the auctions to the banks – (as it should be). With the IBAN System...money will be able to move in and outside of country... The exchange rate has NOT changed on the CBI website yet...but the CBI’s website still shows January 4, 2017. Only one thing left...the dinar has to change...and that announcement has to come from the CBI. Looks like they’ve got the GREEN-LIGHT! ...the only thing left is to raise the value...The CBI has to make their move... release the lower denominations. From now until Thursday is going to be interesting.
1-11-2017 Newshound/Intel Guru Arthur Two days ago we saw a CBI announcement calling for the "conversion" of what they call "uncles" which we have translated to mean the large notes held in Iraq and perhaps even globally. We then saw them transport a large amount of money to their largest bank which they say ended their over 2 year long severe liquidity crisis and IMO will facilitate this massive conversion from the aforementioned "uncles" to their lower denominations thus beginning the delete zero project on schedule in "early 2017". [post 2 of 2]
1-11-2017 Newshound/Intel Guru Arthur ...we see several key progressive movements over just the past few days that give rise to much excitement and anticipation. Iraq's IBAN (International Bank Account Number) that every country needs to conduct international banking and commerce that was set up in December went into full effect on January 2nd giving Iraq the ability to do banking and commerce with the international community. [post 1 of 2....stay tuned]
1-11-2017 Newshound Guru Stryker It's just a matter of days and we will know if the new rate is in this years budget.
1-11-2017 Newshound Guru Adam Montana 2016 is in the rearview mirror. Upwards and onwards! A lot of things took place towards the end of last year (just a few weeks ago...!), and Parliament is kicking the year off with a lot of forward progress. ...my current optimism has to do with how I see the tortoise gaining on the hare in this race, slowly but definitely steady. In fact, the Budget may already be ratified and sent to the Gazette according to this article, and that is probably the SOONEST they have EVER got this done! Article: "Masum Approves The budget For Fiscal 2017 Act And Sends It To The Official Gazette For Publication!" That, my friends, is real hardcore reason to be positive about the immediate future!
1-11-2017 Newshound Guru Kaperoni Article: "Iraq is approaching exit from Chapter VII" Quote: "In the case of Iraq out of Chapter VII, it could recover the frozen his assets in foreign banks by $ 50 billion estimated roughly, as well as in the Development Fund for Iraq, which also will be able to his money management without international tutelage, and will allow him re-assume its place on the scene international, as a member of an active and influential in them." This is why Iraq is not worried about its reserves. The day the UN votes to officially remove them from VII, Iraq will go get the $50 billion and anything left in the DFI. Iraq's reserves could skyrocket to $90 billion or more in very short order.
1-11-2017 Newshound Guru mike "Central Bank supports the international mathematical figure the "IBAN" It will ...provide transparency for the Iraqi banking system. This is part of what the US Treasury is doing in Baghdad, it will greatly reduce the funding for terrorism.
1-11-2017 Intel Guru Frank26 We’ve been looking for the security of Mosul. The stability/security of Mosul is most importance. 72, 72, 72 [hours]...I don’t care how many more Abadi wants...let him have them. The CBI needs to feel confident to release the rate. IMO – Mosul security/stability and the MR are tied together...but not necessarily the KEY to the MR. IMO – Baghdadi is. In the Middle East...they always take things down to the last nanosecond. We are on course.
1-11-2017 Newshound Guru loop Article: "Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions" IMO it is another part of the deletion of the zeros process falling into place. They will be able to track where all the money goes on an international level, which will ensure that the funds do not go to anyone on the blacklist.
1-11-2017 Intel Guru Bruce We understand tomorrow [Wednesday] everything will be in the budget. That is the information about Iraqi bills that were passed, all these laws, all should be put in the Gazette in the morning. The rate value of the Iraqi dinar should be in the budget and seen in the Gazette tomorrow [Wednesday]. Mosul has been liberated for some time now. That flag we understand that has been flying in Mosul...The knowledge in the news has not come out. I believe we are in a moment and moment and ready for a blessing to come in very shortly. I have been in this for 12 years and didn’t think it take this long to get this far. Even so, I am very encouraged where we are right now. Everything is moving in that correct direction for us. We are highly anticipating something happening. We are getting to the very end of this ride.
1-11-2017 Intel Guru ADMINBILL Can't hold this up as it is done and the thing we are waiting on is the final steps to line up all the countries to the asset back Gold Standard. A contact said Jabbari is ecstatic and the contact said yesterday this is imminent... In all likelihood we will see activity sooner rather than later...Perhaps before the Inauguration. It may not be tomorrow or the next but we are closer than a Louisiana frog's hair...IMO.
1-11-2017 Newshound Guru rcookie Article: "UN calls for "real" investment opportunities in Basra." SO...THE NEW UN SECRETARY GENERAL GUTTERS TOWARD ADVANCING ECONOMIC INVESTMENT OPPORTUNITIES IN BASRA AND OPENING THE PRIVATE SECTOR SPACE TO DRIVE THE IRAQI ECONOMY BY CREATING REAL OPPORTUNITIES OF ATTRACTING COMPANIES AND CAPITAL TO BASRA...AND WILL BE SPONSORING A GLOBAL ECONOMIC CONFERENCE AND THE FEDERAL GOV'T COMMITMENT TO ACTIVATE AND SUPPORT THE PRIVATE SECTOR AND GUARANTEE PENSION RIGHTS FOR WORKS TO PROMOTE CONFIDENCE WHILST PROVIDING EMPLOYMENT OPPORTUNITIES FOR YOUNG PEOPLE OF THE PROVINCE... THEY ARE ATTACKING THEIR UNEMPLOYMENT AND POVERTY LEVEL ISSUES ON THE WORLD STAGE WITH GLOBAL AGENCY SUPPORT...
1-10-2017 Newshound Guru rcookie Article: "Urgent infallible approve the 2017 budget law" Quote: "...initiated this law in order to approve the general budget of the Federal Republic of Iraq for the fiscal year 2017," referring to the "sent for publication in the Official Gazette." 2017 BUDGET LAW GOING INTO GAZETTE...
1-10-2017 Newshound Guru Kaperoni "Central Bank supports the international mathematical figure the "IBAN" starting from 2 January 2017" Spectacular news! ...its important for the transfer of funds to and from Iraq. A step closer.
1-10-2017 Intel Guru Frank26 There was an issue that occurred...which they told us about in December. Accepted...and now implemented on the 2nd of January. The IBAN...The CBI supports the INTERNATIONAL process...IBAN allows a bank to do transactions with another bank in another country... INTERNATIONAL transactions! Currently Iraq is under sanctions ...so why would IBAN waste their time with Iraq if they didn’t plan to be INTERNATIONAL? Why are we excited? IBAN gives international banking account numbers. IBAN cannot be used with a PROGRAM RATE! The software in IBAN is only for INTERNATIONAL TRANSACTIONS...they are telling you something without showing you the rate...YET! How is Iraq using IBAN with a program rate? There is NO RATE on the CBI website...
1-10-2017 Intel Guru Bluwolf GOOD BYE, FAREWELL, ADIOS...what was far fetched for many now will be a reality...we await the FINAL go (within hours according to sources)...this is the year of jubilee, abundance, peace, truth and freedom in all levels. I want to thank you for riding through this storm with me...Happy New Year and Happy Journeys, Na'maste Bluwolf.
1-10-2017 Intel Guru RayRen98 Mosul is reportedly at 80 percent in the west [east??]. Parliament is looking for the remaining ministers to be resolved. On Iraqi TV, the budget has been approved and on the way to the Gazette (again). Claims that it will be opened to the whole world. I am still being told to look for a new rate when the full budget is released. Time Will Tell. The CBI site remains unchanged for several days now. Hmmmmm?
1-10-2017 Newshound/Intel Guru BGG ...article about the greatly tightened border scrutiny of borders and ports with respect to currency moving out of their borders...I think a lot of people missed that one about the borders last week...it was much bigger than the 'airplay' it got...shows a serious 'sensitivity' to currency moving outside the borders in an uncontrolled manner. Which begs the question - why? In conrast - the US doesn't worry too much about currency moving around... why is Iraq's 'currency sensitivity' so heightened right now? the answer is easy - they've already told us.
1-10-2017 Newshound Guru Enorrste "Central Bank supports the international mathematical figure the "IBAN" starting from 2 January 2017" Here is what IBAN means: "The International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors." Therefore, this is a major step in prepaing to go international with the dinar. By accepting the IBAN system they are saying that the rest of the world can access Iraqi bank account information if necessary. This is a huge opening and will prepare the way for entry into Article VIII and international trading of the dinar, in my view.
1-10-2017 Newshound Guru Mailman17 NOW, WITH THAT SAID, ADD IN THE OTHERS, ESPECIALLY THE NATURAL GAS. THIS IS WHY THE WORLD BANK IS THINKING IRAQ WILL BE ONE OF THE TOP 5 RICHEST NATIONS IN THE WORLD. IF THAT DOESNT QUALIFY THEM TO BE A RESERVE CURRENCY, I DONT KNOW WHAT DOES. BUT TO BECOME THAT, THEY NEED STABILITY. AND THAT IS WHAT THEY ARE WORKING ON. WHEN IT COMES DOWN, THE DINAR WILL BECOME WHAT IT WAS INTENDED TO BE. AND LETS FACE IT, THE US DOLLAR IS OVER PRINTED IN THE MARKET, YET IT REMAINS A RESERVE. FOOD FOR THOUGHT AND AS ALWAYS...JMO. [post 2 of 2]
1-10-2017 Newshound Guru Mailman17 LETS FORGET ONE SECOND ABOUT IRAQS GOLD, NATURAL GAS AND OILS. ALBEIT THOSE ARE VERY IMPORTANT RESOURCES TO HAVE AND THEY HAVE PLENTY OF IT. THE PROBLEM I HAVE IS THAT MANY FORGET THE PAST NEWS REGARDING IRAQ. PHOSPHORUS IS AN ELEMENT USED IN MAKING MANY THINGS, PARTICULARLY STEEL PRODUCTS AND MOST IMPORTANTLY MEDICINE. AS REPORTED YEARS AGO...THE WORLDS SUPPLY OF THIS VERY IMPORTANT ASSET/COMMODITY/MATERIAL WAS AT A LOW OF 15%. IRAQS PHOSPHORUS RESERVE IS ENOUGH TO BRING THAT NUMBER UP 10 100%. IF IT IS THAT IMPORTANT, THAN THE OTHER ASSETS THEY POSSESS ARE ICING ON THE CAKE. [post 1 of 2....stay tuned]
1-10-2017 Intel Guru Frank26 There seems to be an EXCITEMENT for the new President coming in...and the old one leaving. We’ve certainly had our days of delays with Obama and Maliki. It’s time to move forward. We feel in our hearts that there is a plan... Abadi will be in DC around the 20th for Trumps inauguration. Abadi is NOT just coming for the inauguration. I think Abadi will stick around for 3-4 days...media will be shut-out. These meetings will have a lot to do with the fuse being lit. Again, I don’t know the date. I don’t look for a date...I don’t care if it goes into February / March. Oh dear...Frank said Feb/Mar... The RV can happen at any date. There is no date. Iraq is a sovereign country. BTW – the USA does not believe in giving any country (that is working on their MR) a billion dollar loan if they are not interested in increasing the value of their currency...or doing a LOP.
1-10-2917 Newshound/Intel Guru BGG Article: "Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions" That is big news... Their IBAN 'unification' is a very big move...looks like we could see the start of international "re-integration" soon.
1-10-2017 Newshound Guru rcookie GOT A WHOPPER FOR YA. Article: "Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions" Quote: "...introducing the international bank account number (IBAN) system in Iraq." THIS IS BIG NEWS BECAUSE IBAN HAS BEEN PART OF THEIR WORKING BANKING SUPERVISION FOR MANY LOI'S FROM THE IMF...AND TODAY... BOULYAAAH! ABSOLUTELY ... HUGE!
1-10-2017 Intel/Newshound Guru Mnt Goat [What is the next phase you keep mentioning? to me it is either going to happen or it's not.] It is not all about some magical date when someone pulls a trigger and ...wamo its all better and everyone is filthy rich! NOT! But instead the “project to delete” the zeros has many components to implement and like Dr Shabiib had told us in 2011 that the effort is a multi-year, a 5 year effort. Then they told us again in early 2015 that it was a 2 year effort, (meaning three years had passed and two more remained). Then in late 2015 they told us 1 more year remained (meaning 4 years had passed and 1 more year remained), and we should look for it in early 2017.
1-9-2017 Newshound/Intel Guru BGG [..."re-integration." Is that the same as revalue...are we still believing that they will revalue around .90 equal to 1 dinar to begin with?] That's not exactly the same..."re-integration" is more like a term the international community is using to describe this move to "re-engage" Iraq with the rest of the world economically. It is likely sometime around the same time they will start the project to "Remove the 3 Zero notes" as they have outlined over and over...the beginning stages of this "project" will likely include some change in the value of the Dinar. This is the stage most here are after - but there is much more to follow as well. It get more and more exciting by the day.
1-9-2017 Newshound Guru Mailman17 WE ARE NOBODY IN THE GRAND SCHEME OF THINGS. THE AVERAGE IRAQI HAS SQUAT IN DINAR. AND IF YOU DO, YOU WILL BE DEALT WITH AN OPTION BY THE BANKS IN IRAQ TO COMPLY TO THEIR RULES WHEN DEPOSITING. AS FAR AS WE ARE CONCERENED, WE TOO WIL BE DEALT WITH FAIRLY, WITH THE BANKS MOST LIKELY TURNING OVER OUR DEPOSIT FOR CREDIT AND OUR MEASLY DINAR GOING INTO THE U.S. FOREIGN CURRENCY RESERVE. THE AMOUNT OF DINAR OUTSIDE IRAQ HAS BEEN FIGURED IN AND IRAQ WILL BE FINE COVERING IT AS IT WILL BE A VIABLE RESERVE USED BY OTHER COUNTRIES. ...LETS SEE WHAT TRANSPIRES. THE END OF THIS RIDE IS ALMOST OVER. AS ALWAYS...JMO AND IN REGARDS TO IRAQS STATED FINACIALS...LOOK IN THE PAST...ITS THERE...THEIR FINE. [post 2 of 2]
1-9-2017 Newshound Guru Mailman17 THE IRAQI DINAR HAS AND ALWAYS WAS SET UP TO BE A RESERVE CURRENCY. THE U.S. BRITAIN AND THE PARIS CLUB NOT TO MENTION IRAQS NEIGHBORS CAN ONLY BENEFIT BY HOLDING THE DINAR AS A RESERVE. THE MERE FACT THE U.S. DOLLAR IS STILL CONSIDERED A RESERVE CURRENCY IS MIND BOGGLING...YOU ADD IT UP. IF YOU BELIEVE THEIR M0 OR M2 IS THAT HIGH OUTSIDE IRAQ WITHOUT FATORING IN THAT MOST LIKELY 80% OF THAT NUMBER IS HELD BY FOREIGN GOVTS, THEN YOU GOT A SCREW LOOSE. THEY HAVE BEEN CAUGHT NUMEROUS TIMES WITH 2 SETS OF BOOKS. WHEN ADDING UP IRAQS M0 AND M2 FIGURE IN VIRTUAL CURRENCY AS WELL...NUMBERS ON A BOOK, NOT ACTUAL PHYSICAL CURRENCY. THIS IS AND ALWAYS WAS WAY MORE THAN WE COULD IMAGINE REGARDING PAYOUT. [post 1 of 2....stay tuned]
1-9-2017 Newshound/Intel Guru Bluedog STILL WAITING FOR THE GUARD TO CHANGE IN WASHINGTON, AS I HAVE BELIEVED SINCE NOVEMBER LAST YEAR AND ITS COMING...THERE AFTER...WATCH WHAT HAPPENS IMO. IMO NOTHING TILL AFTER THE 20TH AND THEN, WELL CBI HAS THAT DATE...THEY ARE A SOVERIGN COUNTRY AND THE WORLD REVOVLES AROUND IRAQS MOVE. IT WAS PLANNED...ALL OTHERS CAN LINE UP AND GET INTO POSITION BUT WE ALL KNOW IT'S A PLANNED EVENT FROM YEARS AGO...IMO.
1-9-2017 Newshound Guru Shredd Article: "Central Iraq" supports the currency delete the "zeros" dinar" Great to see this is still on track. The initial steps could be very telling as to what we can expect.
1-9-2017 Intel Guru Frank26 Quotes from articles: "Central Bank: the deletion of zeros in early 2017" "The governor of the Iraqi Central Bank on the Keywords that project to delete the zeros will be implemented in early 2017..." "He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017." "Start procedures to delete three zeros from the currency in 2017" ...their goal is to do this at the start of 2017 not later. I think around the first of June where they came out and said we are going to cancel all of this...but I tell you what...we are going to do this in the early part of 2017...we will pick up right where we left off...there were a lot of reasons...the Stability and Security of our country is horrible...we’ve been invaded by DAASH...and here is another thing...and this is the profound part...legally we can’t raise the value of our currency in the middle of a year...we will do it at the early part of 2017"
1-9-2017 Newshound Guru MadDScout My anticipation is with what parliament does on its session to come...This one is chock ful...And this one is Abadi's chance to redeem himself to parliament according to reports... Ministers...3 at the moment...Interior, defense and, finance?
1-9-2017 Newshound Guru tlm724 Article: "Central Iraq" supports the currency delete the "zeros" dinar" ...the CBI has given us ample information yearly about the project. First they say we have a green light and then they recant saying "we aren't quite ready yet" because it was true, they weren't ready. I am excited for 2017 and all the promise it holds. We are fortunate enough to be able to read and study daily and with a little discernment we do get a pretty good picture as to what Iraq is doing. We know they have and are taking the steps outlined by the CBI to get this project launched once and for all. Parliament is supposed to resume their sessions on Jan 10th or there about. We need to see a few laws revised and implemented to insure a smooth transition to a free market economy and more importantly we need to see the economic laws to protect their wealth. You know just as well as I do that the IMF, the World Bank and the US Treasury have their hands in Iraq's piggy bank and they aren't going to let Iraq slip with this, there is too much at stake.
1-9-2017 Newshound/Intel Guru BGG [Guru] RCookie was talking about...a very interesting article...RCookie's article spoke to the border crossing thrust to regulate "currency smuggling" - my take? IMHO - they don't want "unauthorized" currency transfers OUTSIDE the country... ask yourself why? [they are getting ready to revalue their currency?] They have pretty much told us so... in a number of different ways. ...I am suspicious the "outside" number is the one they are most concerned with. Why would they tell us? Because they don't care if you know...they aren't talking to you and I...AND Shabibi did say - they would tell (educate) their people leading up to this event/start of "the project"...
1-8-2017 Intel Guru RayRen98 It is being communicated to look for the Budget to be published in the Gazette in "the coming days." The Iraqi TV is reporting an upcoming realization or turn-of-events in Mosul on Sunday. I am now up to 13 US banks, 1 credit union and four currency exchange companies openly accepting the Iraqi Dinar, just like any other internationally accepted currency. There are probably more out there, I'm just sharing what is being reported to me...
1-8-2017 Newshound Guru loop Article: "Detection Network visit smart cards finance seized 1.5 billion dinars" Quote: "...in coordination with the competent authorities have been caught on one of the gang members and the introduction of appropriate officials to justice and to take necessary legal action against the defaulters." Crime does not pay in Iraq anymore. It has become very apparent that the GOI has implemented strategies to stop the corruption and bring the perpetrators to justice. We see articles almost everyday that is showing this.
1-8-2017 Intel Guru ADMINBILL There is and has been very real and positive movement over the last week that is an indicator to me and others that the RV/GCR project is nearing a level of activity we have not seen in the past. This week is likely to see more and more exciting news as we march to the conclusion with positive motion in Iraq, Vietnam and other countries that we have become familiar with over the years. This is not a guarantee the event will be completed before the inauguration of President Elect Trump...because we do not know what the actual timing of this event is to this day.
1-8-2017 Newshound Guru rcookie Article quote: "Jordanian-Iraqi Business Forum will be held on the sidelines of the expanded meeting on Monday to discuss possibilities of strengthening economic cooperation and joint ventures." SO ABADI MET WITH EROGAN FROM TURKEY YESTERDAY...AND HAS JORDAN PM TOMORROW WITH AN ECONOMIC AGENDA...
1-7-2017 Newshound Guru mike Iraq is, if I'm a betting man, about 50 years from even being considered a reserve currency. Iraq's position is also different because the majority of their income is derived from petro dollars. These dollars are used to purchase dinars from the CBI by the MoF and used to pay their bills and salaries. Any left over is absorbed by the CBI and become reserves. That's been Iraq's problem now for two years, they're spending more than they make and the reserves are cannabalized because of it. There are countries around Iraq...Kuwait, Saudi Arabia, Qatar and Jordan...who've had active economies and stable governments for years and they're not even sniffing reserve currency status. [post 2 of 2]
1-7-2017 Newshound Guru mike Iraq can't use the dinar as a reserve currency. There are only six or so reserve currency's in the world, the US dollar, Euro, Pound Sterling etc. The definition of a reserve currency is: A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves. The reserve currency is commonly used in international transactions and often considered a hard currency or safe-haven currency. Moving to Article VIII doesn't qualify a currency to be considered a reserve currency, it takes a large economy combined with a stable government who has a proven economic history of stability as well. [post 1 of 2....stay tuned]
1-7-2017 Newshound Guru rcookie Article: "Part of the delegation to meet with the Japanese Ambassador Wasit Fumio Iwai" Quote: "Wasit invites Japanese companies to invest in them like CHINESE and Russian" ...THE IRAQIS HAVE DONE THE 1ST PART AND THAT IS TO ATTRACT THE INTEREST AND PROMOTE THE POTENTIAL FOR DIRECT FOREIGN INVESTMENT IN THEIR COUNTRY...AND ADDRESSING ANY LEGISLATIVE OBSTACLES FOR DFI TO THRIVE IN THEIR NW OPEN MARKET ECONOMY...WHICH ARE INCLUDED IN THE ECONOMIC & FINANCIAL LAWS WE ARE WAITING ON...CUED UP IN PARLIAMENT...
1-7-2017 Intel Guru ADMINBILL We had some interesting a information yesterday that led us to believe that this weekend has great potential for us to move forward in a post RV environment. So far we are still hanging through the weekend with great hope.
1-7-2017 Intel/Newshound Guru Mnt Goat Article: "An invitation to support the dinar and the strengthening of its purchasing power" Quote: "Economic academic Dr. Essam Mahouelle called year 2017 to be the year to strengthen the dinar ‘s purchasing power and strengthens confidence in the national currency , which represents the sovereignty of Iraq, noting at the same time the need to restrict the foreign business dealings in dollars." they are telling us they need to prevent altogether the demand for the US dollar for ANY REASON WHATSOEVER. Can is get any clearer than this. They want to operate under the dinar and not the dollar.
1-6-2017 Intel Guru RayRen98 There is no intel apart from 12 banks, three exchange centers and one credit union now on board with dinar. The Iraqi Budget is still not in the Gazette... It’s done over there, we are just looking for the full release of the revaluation. Even they (Iraqi contacts) are saying they don’t know why it hasn’t been released to the public, including the Gazette.
1-6-2017 Newshound Guru Kaperoni ...the dinar won't go to a dime overnight. It will rise gradually and thus the CBI can reduce the money supply from trillions to billions simultaneously.
1-6-2017 Newshound Guru mike As it stands today, Iraq has, for arguments sake, somewhere between 40 and 60 trillion dinars on M0. At 1184-1, that's roughly $40 to $50 billion dollars of currency. At 1184-1, that's 100% coverage with Iraqs current reserves. However if you raise the value of the dinar to, let's say, a dime, now you have that same $40-$50 billion in reserves covering $6 trillion dollars. That's not enough. ...1184 and a slow rise up. How long that takes is anyone's guess, but, in my opinion, it won't happen quickly. I mean, how could it? The money supply is the problem, when Iraq moves to Article VIII they'll still have the same 40-60 trillion out. The first thing we need to know is, what's M0 money supply? The definition varies slighly, but it boils down to how much money is available in an economy, or, currency in circulation and demand deposits. This is the grease for any economy, it's what you and I have in our wallets and checking accounts. So, where do we get these figures? I got them from the Central Bank of Iraq... This tells me that Iraq has slightly more than 60 trillion dinars in circulation.
1-6-2017 Intel/Newshound Guru Mnt Goat ...parliament is coming back into session tomorrow and they told us they now have 30+ laws waiting for a final vote. These laws impact all aspects of the economy, judicial system and the fight against corruption and terrorism. They also keep emphasis in the Reconciliation law and its impact. So we know this is VERY important to Iraq too. Many of these new laws waiting in the wings for a parliamentary vote are linked to this reconciliation effort and must coincide to make it successful. So it is all going to come together real soon.
1-6-2017 Intel Guru Dr. Clarke We wanted to give you a quick update...We don't feel that this weekend of the 7th-9th, will produce, what you all are looking for. Quite a bit has changed over the past few days, significantly. About 2016: The last 2 weeks of December 2016 did produce public funding outside the country of Iraq, with a handful of notable, credible banks newly trading & exchanging the Dinar - which is really Big...but without a substantially increased rate, unfortunately...Yet. ...we've come to understand now, just how deeply hidden some of the True facts are...and the increasing falsity of especially All PUBLIC MEDIA, such as News Articles, Television reports, Public Statements and more...of which NONE can be trusted... In our...opinion, as of right now, ANYTHING can happen... So, we're done with this portion of information, because our work here now, is finished. We could throw some dates out there that we feel are significant, but we're not going to do that. So, we'll leave you with this...remember awhile back when we mentioned April? Keep a Smile on your face, and know it could happen at any Moment...
1-6-2017 Intel Guru ADMINBILL THE NEWS TONIGHT [THURSDAY] IS VERY STRANGE BUT ALSO VERY COMFORTING. BY STRANGE I MEAN UNEXPECTED BUT POSITIVE. IT DEALS WITH PERSONAL BUSINESS SO I DO NOT WANT TO DISCUSS IT BUT I AM MORE EXCITED ABOUT OUR PROSPECTS THIS MONTH THAN EVER. ...THE INFORMATION COMING IN FROM BANKING SOURCES IS A STRONG INDICATOR THAT THEY ARE EXPECTING, NOT ANTICIPATING, ACTION SOON. WILL IT BE THIS WEEK OR POST INAUGURATION IS ANYONES GUESS.
1-6-2017 Newshound/Intel Guru BGG ...everyone (me included) has operated under this premise that "they" wouldn't tell us...like it's some big secret... "the WHALES would sweep in and buy up Iraq for pennies on the dollar"...WHO WOULD THE WHALES BUY IT FROM? the amount of Dinar in circulation outside of Iraq is a set number - they could care less who owns it...me - you - the guy down the street... it's all the same to them. ...these articles they are printing are for their own people and their own purposes. Nothing to do with us... we are actually the little fish in this whole play. ...the currency "re-integration" is NOT THE BIG PLAY HERE. Big time traders will make money on this the same way they always do - by trading once this new market goes digital and is accessible...and the big play is the "wall of investment capital" Iraq will get hit with once this happens. Once they are fully re-integrated in the world economy - THIS IS THE REAL PLAY. [The first few days on the ISX after their currency is international is going to be facinating.] Could be the biggest single movement in this whole happening.
1-6-2017 Intel Guru Frank26 ...not to see the budget on the 31st was disappointing to me ...but now...I understand why...executive orders...it’s ok. I’m very glad that they didn’t open it up with a program rate – a program rate would have been an insult. They are INTERNATIONAL...and now they need to act like it with their currency.
1-5-2017 Newshound Guru Enorrste Article: "Central Iraq" supports the currency delete the "zeros" dinar" ...regarding those factors that affect the value of a currency, the biggest item was left out of that article: reserves. Iraq has over 100% coverage of its currency in reserves, or nearly so, and this is head and shoulders above any other currency in the world. It is because of this that Saleh could say, years ago, that the dinar would become a world reserve currency itself. By making this statement he was clearly indicating that the dinar would be strong BECAUSE of its reserve position. ...I will restate my position from the past, I believe that the strength of the dinar, on the one hand, and the fact that this is a unique opportunity, on the other hand, will cause the value of the dinar to rise rapidly, irrespective of Iraq's current economic position and security situation. The simple fact is that this will be a huge buying opportunity (similar to buying Google or Facebook) when it comes to the market, and, contrary to their statements today, most astute investors will see the potential and climb on board quickly. Furthermore, once they see ANY significant rise in value more and more people will climb on, including those of us who have held dinar for years. That is my two cents worth (about 200 dinars!).
1-5-2017 Newshound Guru FrostyTheSnowman Friday is an Iraqi HOLIDAY...known as "Armed Forces Day" which celebrates the 96th ANNIVERSARY of the activation of the Iraqi Army on Jan. 6, 1921.
1-5-2017 Newshound Guru mike ...we'll have a bunch of options once this currency is in Article VIII, it will still be an exotic currency like the Saudi Riyal and Kuwaiti Dinar, but at least it will be internationally accepted.
1-5-2017 Newshound Guru Enorrste ...it is my understanding...while under article XIV the dinar is not "internationally tradable" as we would normally use the term. It is true that one can buy physical dinars, but the dinar is not "traded" on any exchanges as we normally think of that term. Second, being under article XIV...also offers Iraq legal protection against lawsuits. It is this protection that, effectively, stalls any significant trade between Iraq and the rest of the world. The big players won't take the risk if they don't have some recourse legally. Therefore...practically speaking getting out of Article XIV and into Article VIII is nearly necessary before anything will happen to the value of the dinar.
1-5-2017 Newshound Guru Kaperoni ...the dinar is legal tender and internationally convertible now. It is just that the CBI is under Article XIV that makes banks shy away from engaging with the CBI and dinar (because it is risky and banks by nature are usually conservative). That is a choice for banks to make. Article VIII simple means that the CBI has met a level of compliance and international standards under the IMF. Which then would be much more inviting for banks to want to engage with Iraq.
1-5-2017 Newshound Guru rcookie Article: "The return of power to the center of Ramadi" Quote: "The Ministry of Electricity announced the delivery of electrical power to the city of Ramadi, the center and the regions of Sufism and Khalidiya." [where there is electricity, there is ATM machines running, computers going, banks going...] AGREED...AND THIS IS FROM AN AREA THAT WAS REPORTED MORE THAN 90% DESTROYED...
1-5-2017 Newshound Guru loop [So did anyone notice on the cbi site the indicative rate changes from 1180/1182 to 1182/1184?] I would not hang my head...over a two dinar downward shift in value and conversely I would not sing out from the rooftops over a two dinar upward shift. I am expecting a much larger shift and the news seems to indicate that we will see it.
1-5-2017 Newshound/Intel Guru Bluedog Article: "Iraq: We started to implement measures to reduce crude production from the beginning of 2017" Quotes: "Iraqi Oil Minister Ali Jabbar Hussein Allaibi announced on Thursday that Iraq has begun to reduce the national production of crude oil with the beginning of the new year 2017 procedures, in line with the Organization of Petroleum Exporting Countries (OPEC) decision." "He explained that the decision to cut oil production is to address the decline in oil prices in the global market and the problem will no longer needed if the producers to achieve the goals." Sounds like Iraq is dealing behind the scenes...and they are keeping us out of the loop... "OUTSIDE OPEC"...WOW!
1-5-2016 Intel Guru Frank26 Abadi said that in the beginning of 2017...was to OPEN the economic relations in Iraq to the INTERNATIONAL world? They have a targeted/calculated date for the MR. (monetary reform). IMO...they know the date...and they need to accomplish this in the MOOKLA of 2017. They don’t hide the budget FROM us...they hide it FOR us. To finish the security / stability...to reach the 57-58 for the budget. Delta said that they are hovering oil around 57-58. What would 60 and above mean? That would wipe out their deficit. The GOI and the military are using the same strategy … because IMO...they have the same leader...(Abadi)...and they have the same goal. To add value...not just their currency ...but their country that is filthy rich! The CBI is more than ready to release the rate... [post 2 of 2]
1-5-2016 Intel Guru Frank26 On Tuesday...[Guru] Delta called me...and told me that the President of Iraq...used an Executive Order to POSTPONE the budget. I was expecting to see it on the 31st. Delta said that if it came out with a NEW RATE we would be happy...BUT if it came out with a PROGRAM RATE...it would send the wrong message! ...it would not impress the INTERNATIONAL world. ...he doesn’t want to release it...because there is a new rate in it. This also came from the High Council of Ministers. The budget doesn’t need to be approved or passed...it NEEDS TO BE PROTECTED! Abadi comes out...says he needs 72 hours ...and he wants another 72 hours more. Why? Mosul...Give me Mosul...you’ll see the MR. That mantra hasn’t changed. So...we have a HOLD on the budget... Stability and security are now the main focus. MOOKLA = Security/ Stability = CBI releasing a rate. [post 1 of 2....stay tuned]
1-5-2017 Intel Guru RayRen98 Up to 10 banks now and 1 credit union dealing in the Dinar... CURRENT WINDOW: ...One intel source aligns with Jan 5th. This week is still a possibility. . . Iraq is quiet... Budget: still expectations it will be in the Gazette this week. Irons in the fire yet to come that say progress.
1-5-2017 Intel Guru Dr. Clarke FYI, official funding outside the country for all exchanges, may begin next weekend of January 7, 8 & 9th, with the new substantially increased, adjusted rate value of the dinar, in Iraq. FYI, in our opinion. The Nor’easter has now passed thru...
1-4-2017 Intel/Newshound Guru Mnt Goat So much news on the “project to delete the zeros” recently. ...they told us recently there will be yet another phase implemented for this project and it will launch three new lower denominations and they plan to do it soon. We learn (and confirm) today that the merchants also know about this upcoming change and want it real bad. By launching the lower denominations they can begin paying their foreign obligations directly using dinar. But in the process the dinar must go international and must have some real value to compete with other foreign currencies.
1-4-2017 Intel Guru ADMINBILL Just received from contact. From WF: Zim Dinar Rupiah Rial Dong are off currency screen. Believed to be they are entering new rates. Waiting for additional confirmation. WF CURRENCY INFO HAS BEEN CONFIRMED BY ANOTHER SOURCE. YOUR BEST BET IS TO NOT SPECULATE WHAT BEING "OFF THE SCREEN" MEANS AT THIS POINT. LET'S SEE WHAT HAPPENS NEXT. IT MAY MEAN NOTHING OR IT MAY MEAN EVERYTHING.
1-4-2017 Intel/Newshound Guru Mnt Goat We were told the cabinet held its first session of 2017 on Tuesday, January 3 2017, headed by Dr. Haider al - Abab. So we know the parliament is not too far behind also as they told us they will hold their first session on Jan 7th. The legislative part of the government is getting back to work.
1-4-2017 Newshound Guru wmawhite They have laws that eventually need to be passed. However, none of those laws preclude a change in the value of the currency. Remember, nearly 21 months ago...March 3, 2015 the CBI announced that they had received the "green light" to move forward with the "Delete The Zeros Project." nothing about needing any laws passed...this event is in process...it is not a single event. Instead, it has many parts to it and the value change is only one part of the project that is needed up front.
1-4-2017 Intel Guru Bruce When it comes to Iraq...The budget for 2017 has been passed, been in the Gazette, been published, it is law...The rate is in the Gazette and they don’t want us to have it yet. It should be something positive for us to see Mosul come back. A lot of things from a very positive point of view going on in Iraq. I think the final part of the UN operational rate showing, the UN releasing Iraq of chapter 7 sanctions, currency known internationally. But the way they did pay back Kuwait, of around 5 billion dollars in newly revalued dinar. They had to have a rate settled in Iraq to do that. That did occur to our understanding. We are in a great position right now. [post 2 of 2]
1-4-2017 Intel Guru Bruce We thought it would happen by Christmas and New Year, and we still are here. Things are moving, but not happen for us yet. I been on the ride for 12 years, and I am used to somewhat of it not going the way we thought. Nobody can accurately predict the date we will be notified. Could there be a delay that could take us deeper into the month? Could be possible, but I don’t believe it is the intention. The information I been getting today pointing to something happening this week. Let’s hope that is the case. When we put out information look at it, weigh it, and see what you want to embrace. What I heard today is enlightening. [post 1 of 2....stay tuned]
1-4-2017 Newshound Guru Adam Montana I have a good feeling about 2017, and it's not because of a "feeling"... it's a direct result of having watched this thing like a hawk for a few long years and having compiled a "big picture" of where we are and where we need to go. Much of 2016 was hampered by ISIS. That's just a fact. There was no way Iraq could have successfully revalued their currency to a significant number with so many problems with ISIS. ...two articles this morning...about Iraq's resumed push into Mosul...both are positive about Iraq's current success and continued success. This WILL happen! My key focus towards the 2nd half of 2016 was HCL, and it continues to be HCL. Late December, Parliament set a specific date to start the "new" legislations for the year. That date was January 2, 2017, as in 2 days ago. Can anyone guess what legislation I'm excited to see? You bet! ...some of what Parliament covered on their first 2017 session...it's almost glaringly obvious that this will affect the HCL...
1-4-2017 Intel/Newshound Guru Mnt Goat So after some time {I believe when the revalued rate is high enough and prices in Iraq have adjusted}, they plan to then launch even more lower denominations that are of the even lower face value such as the 5, 10 and 25 denominations. Why wait? They are waiting for these notes since these notes would not be so beneficial until the marked market price of goods went down to match. Remember this too – I have said that we as investors may never even see this initial 1:1 rate at the banks since this will be the workings mostly of inner Iraq. When the rate does go international by this time it may be well within the range we as investors had hoped it would be 1:5+. [post 2 of 2]
1-4-2017 Intel/Newshound Guru Mnt Goat Article: "Deletion of zeros from the currency adds a monetary value" Quote: "The new dinars will reduce the ongoing cost of printing money. For example the new (25) dinars which will replace the 25 thousand dinars currency currently in circulation...". They are telling us that in Iraq a $25,000 note will be replaced by the new $25 lower denomination note. In the BEGINNING of the next phase of the process this is what they plan to do. In another article about the same timeframe they used this very same example to show us how within Iraq they will get the dinar in par 25k with the US dollar a 1:1 equaling $25 when the Iraqi citizens turn in these three zero notes. But we know this is only the beginning since once this is accomplished they plan to revalue their currency. ...This initial step, even though it may appear as a revaluation, is in fact nothing more than an adjustment for inflation. But indirectly this new $25 note will be worth now equal to $25 US dollars so in essence it is a significant increase in the value of the dinar. [post 1 of 2....stay tuned]
1-4-2016 Newshound Guru mike Article: "Central Iraq" supports the currency delete the "zeros" dinar" Kap's right [Guru Kaperoni], Iraq can reform the currency without moving to Article VIII. I will add though, it will not be a successful currency reform without Article VIII. Iraq is in Article XIV right now and the dinar is worth 10% less than the number printed on it, on any level that's terrible. It's just my opinion, but if Iraq tries to reform the dinar by unpegging from the dollar, free floating and not moving to Article VIII, the value will crater and drop to somewhere south of 1500-$1. If the dinar had any intrinisic value that supported it without the peg to the dollar and the auctions, we wouldn't have the street rate, or MCP, like we have today. Again, it's just an opinion. [reference Guru Kaperoni post 1-3-2017]
1-3-2017 Newshound Guru Kaperoni Article: "Central Iraq" supports the currency delete the "zeros" dinar" A couple of things... technically, Iraq does not need to be in Article VIII for currency reform. They can do that at anytime. ...it is clear that the intent is to float the dinar or gradually raise the dinar over time which will raise the value of the dinar and raise the zeros. The IMF made it very clear (referring to the Ballassa Samuelson Effect) in 2012, and the CBI stated just last year they plan to bring out a 50, 100, 200 early 2017. Both of these statements only make sense under the circumstances I am explaining. LOP's affect all notes at the same time, would not need 10 years to transition, would counter all statements made a few years ago by Saleh (the dinar will be held around the world for a very long time, etc), etc. etc.
1-3-2017 Intel/Newshound Guru Mnt Goat ...are there still hurdles to overcome and tasks they would like to accomplish prior to the RV? Yes – but I do not know if these tasks will in fact hold up the RV or not. My feelings are they will never have a perfect world and many of these tasks will be ongoing for many years to come anyhow even once the project to delete the zeros moves ahead again. It is my feeling they are at the point where they can not move forward with their economic and financial plans since they will need a viable currency to do so. So my feeling is Iraqi economy is now at a cross roads. It will never be the “perfect” set up. The IMF, the World Bank, the World Trade Organization along with a host of global consultants are working with Iraq to bring about the needed changes. Which way will they now go? There is only one way to go and why not? Since they prepared Iraq for this economic explosion (or as Abadi has stated and I quote “economic openness”) they must now move to the next step and get fully the global/international stage. What else does “economic openness” mean if not to go international?
1-3-2017 Newshound Guru mike We know, through transparency, rational and reliable sources why Iraq hasn't moved their currency forward, the IMF tells us at least twice a year: A) Eliminate Exchange Restrictions B) Control the MCP within a 2% band. No mystery here, these are very simple, easy to understand issues that Iraq can't or won't address so they can move the currency to Article VIII, which we'll need to have value added to the currency. Different principles apply to the economy, but they're just as easy to understand. If a country creates an economy where imports are purchased, demand for their currency will increase which causes the value of the currency to rise. Super simple. Iraq needs to move to an open market economy... IMO.
1-3-2017 Newshound Guru mike Iraq is definitely, opaque, irrational, unreliable and unpredictable. But, that's why there's a process, Iraq's not the only country in the world who's gone through this phase of dictatorship and sectarianism, that's why everyone has to conform to a certain set of standards, procedures and rules, it levels the field and offers transparent, rational, reliable and predictable activities. Do country's always follow the IMF/WB rules? Nope, and for that there are consequences. That's why we have the Article IV consultations, Treasury Dept. assistance and other groups helping Iraq. These tools clear up any minsconceptions...and allow us to see the true facts regarding Iraq's financial situation, which includes their currency.
1-3-2017 Intel Guru ADMINBILL ...I AM HOPING THE INFORMATION I RECEIVED YESTERDAY IS ACCURATE AND WE ARE NEARLY THERE. ONE OF THE REASONS I AM LEANING IN THAT DIRECTION IS THAT I WAS ALSO INFORMED THAT THE MAJOR CONTRACTS THAT ENDED ON THE 31ST WERE TAKEN CARE OF AS REQUIRED.
1-3-2017 Intel/Newshound Guru Mnt Goat Yes the country is making a great turn-around since post elections 2014. In retrospect over the last 2 years we witnessed all the new banking laws, reforms and other needed laws. But they had a security breach with ISIS and then the drop in oil prices. Combined these two factors decreased the countries revenues while at the same time increased their expenditures. This created a situation when in 2015 (a targeted date for the project to delete the zeros) they had to postpone the project once again. At this time they stated a timeframe when they would target the resumption of the project’s next phase. They told us in EALRY 2017. [post 3 of 3]
1-3-2017 Intel/Newshound Guru Mnt Goat Third: Iraq has not yet gotten out of the program rate and are still officially under sanctions even the war has been over now for 13 years. The plan (and this is in writing to prove it) was to get out of the program rate in 2008 (the first time they tried to revalue). But once the war over the, corruption, politically and security instability has not allowed them to progress. Had post war Iraq looked very different, had there been a more successful democratic government and security force established they probably would not have waited so long to implement this project of currency reform. So has the situation gotten any better?... [post 2 of 3....stay tuned]
1-3-2017 Intel/Newshound Guru Mnt Goat ...one more bit of evidence that the Iraqi dinar is NOT going to lop. [reference Guru Mnt Goat post 1-2-2017] Did you know that a lop is used as a tool. Yes – it is a special tool that IMF uses to consult with a country to help fight hyper-inflation. It is especially designed for this purpose. So is the currency of Iraq namely the three zero notes now hyper–inflated? Absolutely NOT! First: The inflation rate in Iraq is amazingly very low compared to other countries, Second: The currency of Iraq did not float to the hyper-inflated three zeros while on the international markets, instead it was suddenly and intentionally brought down to a “program rate” for purposes of fighting a war and taken off the international exchanges. This was to suppress the bad guys from using the Iraqi currency to buy weapons to fight the coalition forces against Saddam Hussein. [post 1 of 3....stay tuned]
1-3-2017 Newshound Guru rcookie Article: "Low monthly inflation rates and the annual report in November" Quote: "Hindawi said that "inflation index for the month of November last dropped by 0.7%, compared to October of last month,.." INFLATION DOWN 0.7% IN NOVEMBER FROM OCTOBER...AND DOWN 1% FROM NOVEMBER 2015... [And what did Shabibi say about inflation and monitiary reform?] IT IS THE DETERMINANT...
1-2-2017 Intel Guru RayRen98 I have been told that Abadi has blocked any Mosul news for the next 72 hours; I did see an article mentioned Mosul yesterday, and I don’t know when the 72 hours would be up. I’ve also heard about a press conference saying that 2017 will be a great year. Some of our trusted sources from three-letter agencies have been expanding on the information, and from that there is a good expect-ation for something this week. The sources say look for something to happen Tuesday or Wednesday. I don’t know if that will be the full-blown RV or not. I have learned that there is a ‘rhapsody’ database system that stems from the BIS (Bank of International Settlements) that all that banks use, I think. This database has been down since Friday, and we suspect this is for rate changes. We’ll see! [post 2 of 2]
1-2-2017 Intel Guru RayRen98 On Iraq’s side, no Budget in the Gazette as yet. We’ve been waiting 2-3 weeks for this to show up in the Gazette, based on what I was told. The only part that hasn’t held true is the timing on when it would be in the Gazette. We are also waiting to find out if what I was told would be in the Budget actually is. In some places, people are saying the lower denominations are NOT being widely distributed, but in other places we are told they are in the ATMs. [post 1 of 2....stay tuned]
1-2-2017 Intel/Newshound Guru Mnt Goat ...we know there is not going to be a lop for all the right reasons and reasons we can prove. So let’s go over these reasons now. 1) the CBI has directly told us and the fact that they have said that “the three zero notes will coincide with the new lower denominations for up to 10 years”. This in itself means no lop. 2) then they said it “would take 10 years for the transition to the new currency”. Does this sound like a lop? 3) these large three zero notes 1,000, 5,000, 25,000 and 50,000 notes would be “used for inter banking transactions” and the plan is “to retrieve them out of the hands of the average citizen and the market place”. Why would they need to retrieve them if this was going to be a lop? I just gave you three good reasons. There are many more. [post 2 of 2]
1-2-2017 Intel/Newshound Guru Mnt Goat When the CBI uses the term “project to delete the zeros” they do not literally mean to delete the zeros off the currency and to continue using the notes in the common circulation. Instead it means to replace (or delete) the 3 zeros notes from the common circulation with a set of notes that will be the notes going forward into the future. This is the replacement currency once out of the “program” rate. This is a well planned currency, a plan designed before they even started the war in 2003. [post 1 of 2....stay tuned]
1-2-2017 Newshound Guru mike If the CBI unpegged today without the legislative foundation, the dinar will crater and the only reason I know that is because the street rate is 10% less than face value of the currency as it exists today. Can you imagine what it will do if they unpeg from the stability of the dollar and the auction process? Unfortunately, after closely following these guys for five years or so, it's just more of the same that we've seen in the past. Empty statements without a process to fulfill them. My guess, if they could get the legislation and IMF stuff done in the first quarter of 2017, we might see a dime before the new year. [post 2 of 2]
1-2-2017 Newshound Guru mike Article: "Central Iraq" supports the currency delete the "zeros" dinar" If the process "starts" today, how long before one dinar is worth a dime? In order for the dinar to rise in value they need to be in Article VIII, that's getting rid of the MCP and exchange restrictions. After that, Iraq's economy has to shift to an open market so that exports other than oil are created so that there is demand for the dinar. By now we all know this isn't a switch that the CBI Governor throws and all of a sudden the dinar has more value, we need Parliament's involvement to create the atmosphere for the dinar to rise in value, not the other way around. [post 1 of 2....stay tuned]
1-2-2017 Intel Guru ADMINBILL LET'S HOPE THE DAY BRINGS US POSITIVE NEWS THAT WE CAN TAKE TO THE BANK SOON. WE ARE GETTING NEARER TO THE END BUT IT STILL MAY NOT HAPPEN BEFORE THE END OF THE MONTH FOR THE PUBLIC...
1-2-2017 Newshound Guru rcookie Article: "Economist suggests that the economic comprehensive methodology in 2017" Quote: "Economic adviser and banker Samir Nasiri suggested the establishment of a Higher Council for the Department of Economic Affairs..." HERES A BEAUTY!...FROM...NASIRI... CALLING FOR A HIGHER COUNCIL FOR DEPARTMENT OF ECONOMIC AFFAIRS...AND INCREASE IN PER CAPITA INCOME AND PURCHASING POWER FOR CITIZENS... AND WANTS TO...TO TRANSITION FROM A "HYBRID" ECONOMY TO A MARKET ECONOMY...IN ORDER TO ACHIEVE ITS NDP GOALS THROUGH 2030 AS OUTLINED IN THE CONSTITUTION ...AND DEVELOPMENT OF INTERNAL AND EXTERNAL TRADE TO BENEFIT ECONOMY...THEN FINISHES BY ADDING THE NEED TO RAISE PER CAPITA INCOME... PURCHASING POWER AND RAISE THE NATIONAL INCOME...(GDP)...WOW!...GREAT STUFF!
1-1-2017 Newshound Guru loop Quote: "...to facilitate measures to ensure that the ultimate beneficiary if an ordinary citizen or a merchant, and in a transparent manner requires that banks disclose the previous Khovatha and filter regulators Notes to control the dollar was trading movement locally and abroad Ohz would clean reputation Banking Iraqi abroad and the correspondent banks and thereby restore confidence sector Iraqi banking locally and internationally..." Why would they need to restore confidence in the international banking sector it they had no intentions on their currency being internationally recognized? [post 2 of 2]
1-1-2017 Newshound Guru loop Alak has been sending the same message and really has not moved away from it for well over a year now. He gave the green light to start the project to delete the zeros over the year ago. Well before that they they pull the 50s off the street. Ask yourself why would a worthless note need to be pulled. Because of the new 50 that they were planning on release IMO. THen they were white listed. There are so many bread crumbs that all point to the same thing. Here is one of Alak's more recent quotes: He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar. HUGE HUGE HUGE [and how do they accomplish that?] THe deletion of those pesky zeors is how. [post 1 of 2....stay tuned]
1-1-2017 Intel Guru Dr. Clarke FYI, official funding outside the country for all exchanges, may begin next weekend of January 7, 8 & 9th, with the new substantially increased, adjusted rate value of the dinar, in Iraq. FYI, in our opinion. The Nor'easter has now passed thru...
12-31-2016 Intel Guru ADMINBILL WE MAY STILL HAVE AN OPPORTUNITY TO SEE THE INITIAL PHASES OF THE RV/GCR BEGIN DURING THE FIRST WEEK OF JANUARY BUT IT IS HIGHLY UNLIKELY AT THIS POINT. LET ME MAKE A FEW POINTS NEXT WHICH ARE BASED UPON INFORMATION RECEIVED DURING THE PAST 96 HOURS...THIS INFORMATION IS PROVIDED FOR YOUR BENEFIT AND INTERPRETATION AND MAY NOT CONCUR WITH. USE YOUR OWN GOOD JUDGEMENT. SPECULATION FROM EARLIER THIS MONTH IS THAT THERE IS A NEED FOR THE COMPLETION TO BE DONE BY MIDNIGHT TONIGHT (UNKNOWN WHICH TIME ZONE) TO FULFILL CONTRACTS DATES. THIS DOES NOT MEAN IT WILL BE RELEASED. OTHER INFORMATION PASSED ON RELATES TO AN UNKNOWN FEDERAL TAX LAW THAT COMES INTO EFFECT AT MIDNIGHT TONIGHT (ASSUMING EASTERN TIME ZONE) WHICH PREVENTS A HEAVY TAX ON THE RV FUNDS. ANOTHER VIEW EXPECTS THE GENERAL PUBLIC TO BE ABLE TO EXCHANGE SOMETIME AFTER THE INAUGURATION. NO DEFINITE DAY.
12-31-2016 Newshound Guru Islandg1211 The original requirements in addition to 10,000 US troops, also included every one of the UNSC Chapter VII sanctions, Reconciliation, Fully Formed Government, HCL, and Amnesty Law. The IMF had their list of requirements, including the Budget. All of these requirements suddenly have articles and meetings addressing each one. This goes along with the CBI stating that they plan to come out with the lower denom's and begin the deletion of the three zeroes in early 2017 IF the conditions are right. IMO, they aren't even thinking about waiting 2-3 years to RV. Just get done with East Mosul, enter West Mosul and get Baghdadi - 3 months and it's done enough. [post 3 of 3]
12-31-2016 Newshound Guru Islandg1211 My last Iraq update was all about the fact that THE ORIGINAL PLAN FOR IRAQ IS BACK ON TRACK FOR 2017. I went through and reminded everyone what the Bush/UN plan included for Iraq. One of the requirements - not option - by the US, was that there would be 10,000 US troops permanently in Iraq. This deal is done. The U.S. never intended to pull completely out of Iraq. In my opinion, this is a very good sign for the timing of the RV to have comments made on the MSM [mainstream media ?] that the troops are staying. IMO, that statement covers two purposes: 1) the reality of "winning the peace" and 2) justify the original plan to keep US troops in Iraq. [post 2 of 3....stay tuned]
12-31-2016 Newshound Guru Islandg1211 [Oliver North was on Fox news last night said that it will take another 3 years to restore Mosul...] IMO, although, Ollie's, the Pentagon's, and Abadi's comments sound very different as to a time frame for the liberation of Mosul, they aren't. Ollie is saying 3 years. The Pentagon just said 2 years to get rid of ISIS in Iraq. Abadi said by the end of the year, but had to amend that to another 3 months. I'm estimating 3-6 months for Mosul. The difference of time frames is how one is defining "liberated" verses "secure from terrorist attacks." [post 1 of 3....stay tuned]
12-31-2016 Newshound/Intel Guru BGG [Can Iraq go international with their currency before the UNSC meets and officially releases the final two sanctions?] the assumption the "Iraq can GO international with their currency" is a flawed viewpoint. They need this international support to do such a thing. Where would Iraq be if no one is willing to accept whatever change they put forth? ...they will get to do what they get support (and guidance) to do...they succeed thus far - because they are listening and doing. [Hope the UNSC meets soon to provide the clearance.] The IMF and WB are much more important - the UNSC will be lucky if they exist in a year or two.
12-30-2016 Newshound Guru loop [Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late.] ...urgency is not what I am seeing. Remember that this is a plan and as it is unfolding the pace should pickup pace...its call momentum. Now that they got this ship point downstream things that they put into play 1 or 2 or more years ago will start bear fruit.
12-30-2016 Intel Guru RayRen98 [Can you reassure us that the Dong will be in the first basket.] No, although that is what I am expecting. [Can you give us a rate please?] The prevailing rate is about $50 per million, right now. What we look for it to be...for the longest time that was 47 cents, but for the last couple of days they have been saying two dollars and change. That sounds good to me!
12-30-2016 Newshound/Intel Guru BGG [Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late.] I don't know that "urgency" is in their vocabulary - but they are moving forward with "extreme prejudice". Much of this progress is highly likely the oversight of the IMF/WB at play - they say - Iraq does, IT WORKS. Good stuff.
12-30-2016 Intel Guru Frank26 [“Iraq has been telling us for about a year...the “MOOKLA” (beginning of the year)...that we would see some amazing changes/movement of their currency.”] You know very well that... [Guru] DELTA translates the articles that were confusing from the CBI…and... "Mookla” …the one key word he wanted me to tell you tonight…Mookla is not in the first quarter…not the middle of the first quarter...or the end of the first quarter...it is literally the start...January 1st 2017.
12-30-2016 Newshound Guru mike Article: "Iraq's higher gold reserves to 7.7% " Quote: "Iraq's reserves of gold remained stable and did not change, reaching 89.8 tons," explaining that "this amount represents 7.7% of its reserves of currency foreign, having represented 7.1% during the month of October. " I can't figure out if they're using metric tonnes or regular US tons, the value varies. Ton = $33,292,934.00 Metric tonne = $36,702,860.00. The best part...an accurate range of Iraq's reserves, somewhere between $39 and $43 billion. I remember when the panic crept in earlier this summer the CBI started backing up from the reported figures like we see here, they were trying to say it was around $50 billion, which we knew couldn't be right because of the report the GOI sent to the IMF with expected reserve totals at the end of 2016.
12-30-2016 Intel Guru Frank26 Kuwait seems to know what is going on with the last 2 remain issues. They want their money and their people...and they (Iraq) gave it to them. By this action...they have agreed to sign. ...Kuwait wants Iraq to RV...and that’s why they signed...! They want to use e-Dinars...they are invested in dinars. They want to do business with them on an international level. IMO...they are about to raise the value of their currency. The coalition forces will be happy. Even Israel has dinars...even Iran. Compared to other middle-east currencies...the IQD has not gone down in value...that is a masterful plan.
12-30-2016 Newshound/Intel Guru BGG [what are you most excited about lately?] All of it. Hard to pin my interest on any one thing...and maybe that is the exciting part - it isn't just one thing. It's the forward velocity on virtually all fronts. [top five?] 5) IMHO there is more to this comment by Abadi over Mosul taking 3 more months the other day... I really doubt that proves to be accurate... translation? Political posturing? Some kind of intentinal mislead? IDK - but it does seem at odds with most of his previous commentary. 4) The recovery of stolen monies by the GOI - big news. They are looking to put an end to the culture of corruption. 3) The passage of the J&A Law - HUGE piece...2) General forward velocity of all the Economic and Financial reforms going on right now - they are really building an economy - FAST. 1) Obviously - the statements by the current Gov of the CBI concerning their "beginning of 2017" timeline - HUGE!
12-29-2016 Intel Guru Frank26 We are right on track with the MR. More has been accomplished in December 2016 than the past years combined! All of these “agencies” that lined up all of the stars for them – incredible! The impact will be HUGE as they get this right...right now...it has to be perfect! What we are seeing...is impressing the living daylights out of us. Watch for Chapter 7 to be gone. Once they are out of Chapter 7...they are automatically into the IMF’s ARTICLE VIII...which means they have lifted the value of their currency...why else would Kuwait make a trip to Iraq? The #1 thing right now is to see the BUDGET! Don’t forget...the 31st...we might not see it until the 1st or so...but we’re looking for the IMF and the UN to make Chapter 7 official...looking for an “OFFICIAL RATE.” They (Kuwait)...what they are doing with IRAQ... that’s at an INTERNATIONAL LEVEL! It’s almost surreal what is going on.
12-29-2016 Newshound/Intel Guru Arthur Their holiday was supposed to be 60 days but has been trimmed to 20 days due to the importance of implementing the 2017 budget starting the next legislative session on Jan 2, 2016. During the beginning of this session they are scheduled to pass 50 plus laws including all the important laws we still need including the Federal and Accountability Law, and the all important HCL which will keep them on track and on schedule for full monetary reform early 2017.
12-29-2016 Intel Guru ADMINBILL HEARING THERE IS MOVEMENT AFOOT, WITH BANKER CONFIRMATION THAT CONTINUES TO BELIEVE BEFORE THE END OF 2016. I BELIEVE THE BANKERS BELIEVE, BUT I WOULD NOT CALL THE BANK FOR CONFIRMATION. WE ONLY HAVE UNTIL SATURDAY TO SEE IF THEY ARE CORRECT.
12-29-2016 Newshound/Intel Guru Arthur Contrary to popular belief, Iraq is still not completely out of all remaining sanctions. Among the remaining are the ones regarding their ongoing status with Kuwait. The Kuwaitis are still owed reparations and other concerns such as the reception of the bodies back to Kuwaiti soil. An historic meeting occurred today in which 4 important agreements were signed by the two countries which included the readiness of Iraq to supply Kuwait 200 million standard cubic feet of gas. We now await to see if this will be sufficient for the UN to move Iraq to chap VIII which would trigger the UST to give the CBI the green light to more forward with the monetary reform. At this time they are still on schedule for early 2017.
12-29-2016 Intel Guru Jester IF THEY LOP THE ZEROS AS THEY HAVE SAID ... WHICH I THINK THEY WILL...THEN EVERYONE WILL BE HAPPY WITH MAYBE 3-4 TIMES WHAT THEY PAID FOR AN INVESTMENT... NOT BAD REALLY... THE BANKS STILL LIKE TO HAVE THAT MONEY SO MAYBE THAT IS THE REASON THEY ARE STARTING TO TAKE DINAR AGAIN... IT'S STILL A LOT OF MONEY... NOT AS MUCH AS YOU LIKE... BUT STILL A LOT...TAKE THAT FOR WHAT IT'S WORTH... WHICH IS MY OPINION... BUT AN EDUCATED OPINION FROM SOME PRETTY GOOD SOURCES... [post 2 of 2]
12-29-2016 Intel Guru Jester IRAQ IS AN INDICATOR... AND THAT INDICATOR IS RUNNING OUT OF THINGS TO SEE... THEY ARE GETTING IN A BETTER PLACE... I STILL THINK THINGS MUST BE MORE STABLE THERE BEFORE THEY WILL BE TURNED LOOSE BUT THAT IS JUST MY OPINION... AS FAR AS THE RV...IT WILL NOT GO LIKE THEY ARE TELLING YOU IT WILL... ALL THIS 800 NUMBER BAZILLION DOLLAR STREET RATE IS NOT GOING TO HAPPEN...THERE IS NO REASON FOR IT... FOLLOW THE MONEY... WHY WOULD THEY DO THAT UNLESS THERE WAS SOMETHING IN IT FOR THEM? NO ONE OWES YOU... [post 1 of 2....stay tuned]
12-29-2016 Intel Guru Frank26 We told you on Monday...there was one issue...we were looking for the budget on the 31st...and that oil would need to see a certain number...in order to get to a rate. We were looking between 55, 56, and 57 dollars. It has now hit 56.65... Now...it’s maintaining itself...This is the FUEL for the 2017 budget. I think we are going to have a budget on December the 31st. They have never had a budget...this is extremely historical. The budget is executable with a program rate...but the budget must be funded. IMO – the BUDGET is FULLY FUNDED... IF it stays at a program rate...it is NOT fully funded. They need to apply this oil price to their budget and ACTIVATE it. If not, they have wasted 2016. There is no DATE or RATE ...the rate is solid NOW ...well calculated...but the DATE is a moving target. [post 2 of 2]
12-29-2016 Intel Guru Frank26 I strongly feel that the mission to do this...add value to their currency is happening in amazing strides...leaps... miraculous agreements. Finally we are seeing what we wanted to see. ...the prime and foreign ministers of Kuwait and Iraq met...BIG SMILES... What did they discuss? A “new era of mutual understanding...signed 4 strategic agreement(s) with Iraq with committee representatives...will play a major role of Iraq exiting Chapter VII.” They are working out their issues. They are NOW inside of Article VIII. [post 1 of 2....stay tuned]
12-29-2016 Intel/Newshound Guru Mnt Goat ...I can not say just how amazing this news was in the last couple days on this topic with Kuwait. ...yesterday they announced the preparatory meeting for the sixth session of the meetings with Kuwait Joint Ministerial Higher Committee...scheduled for today [Wednesday]. ...we know they held the meeting and it was successful. ...the IMF and Iraq seem to be cleaning up lose ends prior to pulling the trigger once again in EARLY 2017 to begin the project once again. They are just literally days away from Jan 2017. We know that this project is important because it is this project (and nothing else ...) that in FACT will lead us to the ultimate treasures that await us currency holders...the significant increase in the value of the Iraqi dinar. [post 3 of 3]
12-29-2016 Newshound Guru Breitling From what these guys are talking about, end of the year 2016 and there are a couple windows open for 2017. It’s very interesting that these guys are laying out the law with the banks, the way they are maneuvering around the auctions and other country’s currencies because they don’t want to compete. Those are the words I use cause I don’t want to hype it. …I want to make if very clear the US Treasury is in counsel capacity only. They are only there to give counsel, they are not financially vested to the dinar…that has no relevance on whether I invest in the Iraqi Dinar at all.
12-29-2016 Intel/Newshound Guru Mnt Goat Lots in the news all of a sudden about the Kuwait and Iraq relationship. Why now? ...we know by the press statement a few days ago that the only remaining item for Iraq, to get fully out of the 2003 sanctions, was to pay the war reparations owed to Kuwait. ...there will be no RV while Iraq is still in sanctions. All this recent news on this topic was very revealing since it...also confirmed...: 1) Iraq was not fully out of sanctions in June 2013 (maybe this is why the RV has been held up too) and 2) just how close we are to the RV. Kuwait is not concerned about the money Iraq owes them since instead they know in the long term will make so much more money in trade deals with Iraq. They know if they can assist Iraq in any way to regain their sovereignty then Iraq will progress onto the “international” stage that much sooner. [post 2 of 3....stay tuned]
12-29-2016 Intel/Newshound Guru Mnt Goat ...the news is literally pouring in from Iraq and moving so fast now. It is as if they are on a mission to meet a deadline of early January of something like that. It...shows us that Iraq definitely is about to move forward with their “economic explosion” (Abadi’s words not mine) in EARLY 2017. We know they can not do this without some real value placed on their currency. In other words they must delete the zeros and revalue it. [post 1 of 3....stay tuned]
12-28-2016 Newshound Guru loop Article: "Integrity court to prevent the theft of hundreds of billions and address the imbalance in the developed banking system" Quote: "...the judiciary turned to breaches in the system and the procedures taken against those responsible, whether thieves or corrupt officials." SOMEONE GOT CAUGHT WITH THIER HAND IN THE COOKIE JAR. HOW DID THEY CATCH THIS?... WITH THE ELECTRONIC CLEARING SYSTEM THAT WE HAVE BEEN HEARING ABOUT...MORE PROOF OF ACTION ON THE BANKING REFORM FRONT...
12-28-2916 Newshound/Intel Guru Frank26 Like a spider leg slowly probing what's in front of it before taking it to the mouth ...The Dow and Oil Prices cautiously approach levels of interest ... A Flag by A (Abadi) in the dead Center of Mosul would expedite many things in an LL (long line) very quickly .... IMO.... We will very soon. …[What are the chances they launch 2017 at the program rate...??? We would all have to go back to the drawing board…..] NO !!! !!! !!! ... We will NOT !!! !!! !!! The PR (Program Rate) can and more than likely will be in the 2017 Budget.
12-28-2016 Newshound/Intel Guru BGG [are the reserves still being depleted and if so isn't that still corruption which means they will hold up on the increase of the dinar until they get a handle on it?] That is the complaint - I wonder if some of that isn't internal partisan politics? Hard to say. However, I doubt this lasts long enough for any of that "arc" to matter.
12-28-2016 Newshound Guru MadDScout [When dose the next session of Parliament start?] Jan 7.
12-28-2016 Newshound Guru Frank26 I strongly believe what we do not see in 2016 will be revealed in the beginning days of 2017. Right now my teams and I are only looking for the release and activation of the 2017 budget that will review [reveal?] much.
12-28-2016 Newshound Guru Islandg1211 TODAY'S ARTICLES ARE EXACTLY ON POINT OF THE ORIGINAL PLAN FOR IRAQ, A PLAN WHICH INCLUDES GETTING THEIR CURRENCY OFF THE SANCTIONED RATE AND BACK ON FOREX. Finally, the 2017 Budget was passed by the GOI. (Not sure if it was signed by the president and printed in the Gazette to become law.) Citibank and other banks have just started selling and buying the Iraq Dinar again. Finally, the international corporations and investors wanted the RV and the reconstruction phase to start in order for them to make money in Iraq. An article today from the US State Department, states that Iraq is a good investment in the long run. [post 2 of 2]
12-28-2016 Newshound Guru Breitling ...That’s what the actions are…a tool for that. They’ve always planned on getting rid of the auction. They’ve always planned on adding value to the currency that you and I have. They’ve always planned on adding smaller denoms to the currency as the value goes up and then sooner or later getting rid of the currency you and I have. SIDE NOTE: if they were just going to add value to our currency and pretend there are no zeros on the notes that in itself would reduce the note count. They would not have to get rid of the physical notes like they’ve been doing. That’s how we know they are not going to LOP. They have not changed their minds and we’re only going by what they say. This is not an opinion. This is coming from the Ministry of Finance, Ministry of Planning and the CBI. [post 2 of 2]
12-28-2016 Newshound Guru Islandg1211 Although the GOI is on vacation until Jan. 10th, and the liberation of Mosul has stalled a bit, and it's the holidays, some great headlines and news articles are coming out of Iraq... Articles & Headlines: "Abadi stated today that he will finally submit resumes for his vacant Ministers spots" "UN stated today that Iraq was let out of almost all of the Chapter VII sanctions." "World Bank approved their loan to Iraq and stated that "Iraq is one of the richest countries in the world and shouldn't have any problem repaying their debts." Article today talked about the need to have a law ending the currency auctions. Article yesterday talked about finally passing the HCL law, along with other needed laws in the next GOI session... Another article featured the headline, "Iraq looks to Trump to complete the SBA." Yea! The article talked about the Marshall plan and the meetings with the new Trump folks to move Iraq into the next phase, from war to reconstruction. [post 1 of 2....stay tuned]
12-28-2016 Newshound Guru Breitling There is good news and it’s phenomenal. This is a mystery to me…something I have not been able to figure out. I don’t know when/if they start adding value to their currency at what point will they get rid of the auctions? It doesn’t matter for us…it really doesn’t. In the context this is not something you need to look out for because if they get rid of the auctions today then something is coming down the road. But if they start revaluing, start adding more and more value to the currency and the auctions don’t disappear…that’s just a way to manipulate the currency even more... [Post 1 of 2 stay tuned for the rest of the story]
12-28-2016 Intel Guru Bruce What else we know is 31st of December is New Years Eve, and it is the day the UN Operational rates suppose to show effectively. Will they change on the 29th which be Thursday or not show the change until the 31st? We don’t know that. On the 31st, the Vietnamese Dong and Iraqi Dinar, their rates are supposed to change and reflect that change. ...we should get a heads up pretty soon. We thought we would go last night. ...hopefully we are there now and ready. Intel is looking very strong. Not giving dates, but looking good for the end of the year. Set your goal for 2017. You should be excited right now for what we are about to embark on. [post 2 of 2]
12-28-2016 Intel Guru Bruce We did miss it for Christmas. I expected to exchange today [Tuesday]. I am feeling very good what I have heard the last few days. We are in a great place. Just hang in there a little bit longer. We would all like to celebrate New Years completely hydrated financially. With any success that would be our case. Things are popping behind the scenes, but they want to keep it quiet... for a reason. We heard Iraq is in a situation where they have one more thing to do...As of 4:15am today [Tuesday], they still needed to pay restitution and past debts that were owed to Kuwait. That was the one last thing besides showing an updated revalued rate they needed to do. That began this morning at 4:15am. My understanding is that was to be complete in 12 to 14 hours. The timing for this is now very close because Iraq took care of the last thing they needed to do to be released from chapter VII from the UN. That very last portion to show their rate internationally may have been done. [post 1 of 2....stay tuned]
12-27-2016 Intel Guru Frank26 IT IS NOT AN EVENT! DO NOT LOOK FOR A DATE! It is a progress of a progression that is leading you into the revaluation of their currency and they are doing in my opinion, an amazing, brilliant job! We told you that on December the 31st, we hoped that Iraq will show us their budget...and that we might see a rate before that. I believe that they will around the 31st. THAT IS MY OPINION. The IMF / United Nations / CBI / Abadi...in my opinion...are doing some amazing things. IT IS HAPPENING...IT’S COMING. If I knew the date, I’d...give it to you. I don’t know the date. [post 2 of 2]
12-27-2016 Intel Guru Frank26 Many of you were looking for the oil prices to go up, especially around Monday for it to be in the 60+ range. It's not ...is it? We told you it would be the fuel and the catalyst for the budget...to possibly release a rate before the 31st. It didn’t...did it? None of these things happened. Yet, ironically enough, an amazing amount of things DID happen. Iraq is going through a monetary reform of its currency. It is not visible...you are not allowed to see its steps. Iraq has been telling us for about a year...the “MOOKLA” (beginning of the year)...that we would see some amazing changes/movement of their currency. [post 1 of 2....stay tuned]
12-27-2016 Intel/Newshound Guru Mnt Goat Article quote: "that Iraq has fulfilled its commitment before the final decision regarding his release from under Chapter VII, as it was left only has complete compensation with neighboring Kuwait file." ...they are telling us the only commitment that was remaining is to pay Kuwait for war reparations. We know they agreed to do this once the revalue their currency as they would pay them with increased value of their currency once the rate increase. So whats going on here…hint...hint…hint…
12-27-2016 Newshound Guru rcookie Article: "Ministries offered a proposal to convert the salaries of its 3 employees to the electronic system" Quote: "A source in the banking sector, on Tuesday, that the three ministries have submitted applications to the Central Bank of Iraq to transfer their employees' salaries to the .electronic system..." 3 MINISTRIES (EDUCATION... JUSTICE... TRANSPORT) SALARIES BEING DISTRIBUTRD ELECTRONICALLY... THROUGH 7 BANKS...WOW!...CAN YOU SAY LIQUIDITY RELIEF...
12-27-2016 Newshound Guru Breitling …Bank of America has a seat on the auction floor and all these banks were buying dinar from Bank of America. And some of these banks I know where they’re actually storing it. So how is it they get to invest in it? How is it a good idea for them but not a good idea for us? Does that make sense to you? No. So don’t listen to the naysayers sitting behind a desk somewhere who don’t know anything about currency… All in itself, the ability to buy currency from Citibank is not a big deal. Remember I bought all my dinar from Chase Bank. So they just decided to sell it again. That’s all it is…nothing more. The information you need to stay focused on came out of Iraq from the CBI, from the Ministry of Finance and the Ministry of Planning on what they want to do with their banks so they can get to the next level…that’s very very good news and i hope you’re happy. [Post 2 of 2]
12-27-2016 Newshound/Intel Guru Arthur Along with all the requisite political and banking reforms, the equation was, is and always has been GOI + HCL = RV. With all the current proxy positions, rather the GOI is adequately complete for the UST is debatable but all indication are they are satisfied with the fulfillment of that variable of the equation. As for the HCL further progress is scheduled for Wednesday 12/28 after which we should be able to determine if there has been adequate progress to warrant a release of all remaining sanctions for Chap VIII and a subsequent rate increase necessary to satisfy the 2017 budget in Iraq... As of this post the PTB is still on schedule for early 2017.
12-27-2016 Newshound Guru Breitling …everyone is asking me about Citibank. Yes, Citibank is selling dinar again. The naysayers say it’s [owning dinar] illegal. Or the banks don’t want it. None of it’s true. It was disruptive to their [banks'] businesses. Remember there was a time when there were little old ladies calling these banks everyday and asking them did the dinar revalue. Every single day. It was such a huge epidemic that it was disrupting business. You literally had thousands and thousands of phone calls. I know this for a fact because I talked to some of the people who were in charge of the entire west coast at Bank of America and they specifically told me they were not going to sell dinar cause it’s disruptive to business…it wasn’t worth it to them. Having said that…they bought their own dinar. I promise you they did…especially Chase Bank…[Post 1 of 2 stay tuned for the rest of the story]
12-27-2016 Newshound Guru loop The CBI has indicated some kind of structural economic reform is on the horizon. I would really be surprised if they pegged the to the SDR. Ultimately I do not care how it happens. Just as long as some kind of value change happens.
12-27-2016 Intel/Newshound Guru Mnt Goat Article: "the importance of e-cash and its effect on increasing the money supply within the banking system" ...the e-dinar has many important reasons for its implementation. ...they went before parliament and got it approved to roll out to all provinces and are doing so. Simply put this is their solution to lack of liquidity in the banks. But...it does not stop there since there are audit traits to fight and catch corruption. ...we are seeing the process of the project to delete the zeros being implemented right in front of our noses. If you are not paying the salaries, pensions and other gov’t programs in cash then the CBI is not infusing the 3 zero notes back into circulation. Also the merchants, now hooked up to swipe their debit cards, eliminate cash dinars taken to the currency auctions. Instead they electronically use the e-dinar system to get dollars to pay for their imports. A complete audit trail.
12-26-2016 Newshound Guru Kaperoni Articles: "Iraq completed its commitment to one of the two resolutions to exit from Chapter VII" "Iraq, one step closer to leave Chapter VII of UN Charter" ...this move is a good thing. Unlikely Iraq would want to be fully out of UN Chapter VII without their own internationally convertible currency. Seems that this is coming together at the same time the banking reforms are being implimented with the help of the IMF.
12-26-2016 Newshound Guru firefly [come on Mr Fly make this RV happen.] She is coming my friend, make no mistake about it. IMO The meeting with Kuwait is just a formality! [I like many others have completely overlooked the chapter seven event...] Yes most folks have. I've been saying for many yrs that Iraq still has a couple of sanctions remaining...Specifically the Kuwait situation. The BIS and IMF could have given Iraq as many green lights as they want...but...it meant nothing till the final 2 sanctions were lifted. Only the UN could finalize it! Keep your eyes peeled to the UN! [reference Guru firefly post 12-25-16]
12-26-2016 Intel Guru RayRen98 It looks like Iraq and Kuwait are agreeing on some things and we should see the final results from that. Iraqi television show Abadi indicating progress on Mosul, or at least an accounting. Everything is leaning towards agreements with Kuwait on Wednesday, with exciting results. We are in a waiting game. Let’s see what this meeting on Wednesday between Iraq and Kuwait does for us. Few people doubt this will take place, we just can’t say when.
12-26-2016 Intel Guru Delta URGENT FROM IRAQI TV: CBI WILL TAKE NEW MEASURES TO REDUCE THE PRICE OF DOLLAR AND SUPPORT THE IQD AGAINST OTHER FOREIGN CURRENCIES IN THE NEXT FEW DAYS. NEW OFFICIAL RATE. WE WILL SEE...
12-26-2016 Newshound Guru Kaperoni Article: "Iraq has fulfilled the obligations of a decision to get out of Chapter VII" Quote: "...is noteworthy that the UN Security Council voted unanimously, in (June 27, 2013), resolution No. 2107 , which Iraq emerges in part from the provisions of Chapter VII of the Charter of the United Nations..." So there you have it. Back in 2013 when VP Biden chaired the UN meeting Iraq did not get out of Chapter VII as so many thought (I included). Apparently, the Oil-for-Food and Kuwaiti balance remained obstacles for complete removal. This apparently is now moving forward with a recent agreement to end the Oil-for-Food, leaving a $5 billion payment to Kuwait to end this once and for all. If so, currency reform may also be just around the corner.
12-26-2016 Intel/Newshound Guru Mnt Goat ...only 1 week remaining in December and the CBI has NOT yet postponed the project to delete the zeros. This by itself is good news. Will they postpone it again? We wait and watch in anticipation.
12-26-2016 Intel Guru Frank26 The IMF and the UN are making sure that all issues on oil are being dealt with right now before the end of 2016 and in my opinion for the budget on December 31 that also requires a new rate not to function but to be logical in its mathematical calculations.
12-25-2016 Newshound Guru firefly Article: "Compensation for the Kuwait last obstacle to Iraq out of Chapter VII" Quote: "Iraq has fulfilled the commitment before the final decision regarding his release from under Chapter VII, as it was left only has complete compensation with neighboring Kuwait file." Compensation for the Kuwait last obstacle to Iraq out of Chapter VII...So as we see, the upcoming meeting with Kuwait is very very big in regards to our investment! Per the UN. The UN is the only agency that can lift the final sanction. NOT the IMF, NOT the BIS, NOT the US teasury. The UN!
12-24-2016 Intel Guru RayRen98 Things have been somewhat quiet in Iraq these past few days...Banks are at an all-time high expectancy rate. Some Wells sources confirmed seeing a memo last Monday indicating RV and exchanges by Christmas...guess not now. LOL. We are now up to 6 banks buying/selling the IQD, Wells should be on board next week! International acceptance is no longer a concern for me, put a fork in this meat, it is DONE!
12-24-2016 Intel Guru Frank26 [...would you please explain why we are going to exchange our dinar instead of cash them in...] To cash them in would give you the value that they are now...to exchange them is because the exchange rate changed.
12-24-2016 Intel/Newshound Guru Backdoc THE TWO SHIA BROTHERS (Iraq and Iran) SHOULD BOTH DROP THEIR NUMBERS TOGETHER TO ADD VALUE AND BEGIN THE RACE TO FULL VALUE, WHICH WILL BE AFTER MARCH 20TH...! THESE ARE EXCITING TIMES! IT WAS NO MISTAKE THAT THESE TWO SHIA BROTHERS WOULD BEGIN "THE RACE" TOGETHER, BECAUSE WE REMEMBER "THE DEAL"! BY THE END OF MARCH TO MAY, WE WILL SEE MAXIMAL VALUE OCCUR! IT'S TIME NOW FOR OIL TO BEGIN A RUN. TODAY WE SEE THE NUMBER 1 PRODUCER, RUSSIA, SAY THEY WILL MAKE CUTS TO ACCOMPLISH THE GOAL OF RAISING PRICES. THE NEW REALITY WILL LAUNCH IN EARLY JANUARY POSSIBLY, BUT DON'T EXPECT THE FULL DIGITAL ASSET-BACKED REALITY TO BE FULLY VALUED AND SEATED IN PLACE TILL SPRING...IMO.
12-24-2016 Newshound/Intel Guru BGG ...if they keep on this development arc...they are on right now, that kind of security (a U.S. type environment) is achievable and it is in their future. If Iraq keeps going the way they are supposed to go and follow the IMF lead...it will be incredible. They will move forward VERY, VERY fast – THEY WILL MAKE DUBAI (The JEWEL of the Middle East) LOOK LIKE A CHARLIE BROWN CHRISTMAS TREE…
12-24-2016 Newshound Guru Kaperoni Iraq: First Review of the Three-Year Stand-By Arrangement and Financing Assurances Review Quote: "They are also working actively on rapidly removing remaining exchange restrictions and a multiple currency practice, in close cooperation with IMF staff." moving to Article VIII is important, And getting in compliance as soon as possible is very good news for us. We have to wait it out and watch...it is good to see the IMF is helping them get there.
12-23-2016 Newshound Guru firefly IMO there is nothing else but to be VERY excited...be prepared for some very impressive news releases this week. Just my opinion but I feel it will unpeg from the USD...And peg to the SDR...As Kuwait is. And like I've been saying for many years, the IQD will NOT float. ...a 1:1 IMO will not fill the void in the budget...3+ is what was refered to in 2012. I have not read anything official to counter that number. They have even more resources and reserves now than back in 2012. Remember...The IQD NEVER devalued, it was turned off due to sanctions! [the plan is coming to a conclusion just as planned.] I see no roadblocks yet, so ...if the plan continues as outlined ... something has to change 1st.
12-23-2016 Newshound Guru loop I would not be in it if I did not think it was going to happen. Iraq is a natural source powerhouse and their currency will reflect that. It's the when that drives people crazy.
12-23-2016 Intel Guru Dr. Clarke ...a handful of major banks in the U.S., suddenly and officially begin trading & exchanging the Iraq Dinar after Dec. 15th. Unofficially International? Why right now? ...foreign currency exchange laws, suddenly changed & enacted, on the commercial business side of the house. Why right now? ...Iraq's new Fiscal year officially begins, Jan. 1, 2017. ...Vietnam's new Fiscal year official begins, Jan. 1, 2017. Santa's BIG Question: "If you were going to pick a Date to shock & surprise the world, with one of the largest financial changes in history, that impacts and affects the entire world, by a very large degree...AND THAT DATE NEEDED TO BE AT THE MOST INCONSPICUOUS, UNSUSPECTING, MOST ILLOGICAL, MOST QUIET, AND MOST UNLIKELY TIME POSSIBLE...would you choose Christmas Day - December 25 or New Year's Eve - December 31, 2016? Friends, tis the Season...of Major Endings, and New Beginnings.
12-23-2016 Intel Guru Bruce Christmas day in Iraq is late Christmas Eve for us. Could we wake up to a special Christmas blessing? Could be. Could we have this before? Possibly. Could it be right around Christmas? Could be. Yes I think we are right where we need to be at the right time. Could it be the greatest Christmas you every had? Could be. Could it be post Christmas you ever had? I think it looks really good right now. ...the rates have been showing on the screens and are moving and trading upward...There is movement. I think they are trying to bring the rate of the Iraqi dinar up in the trading. There will be a target rate when it comes out to us. A rate we thought would be in the $6 to $8 range. I think that is where we probably will be in that range. [post 2 of 2]
12-23-2016 Intel Guru Bruce What is going on Iraq? Sunday is the first day of the business week in the Middle East in Iraq. Sunday is going to be an important day for the banks. For us and the rest of the world, we will have Christmas. However, Sunday in Iraq is a big day because the Lower Denominations are in the ATMs and in the banks, but they are not yet accessible. The people don’t have them yet. The ATMs are on lockdown. They are in the banks. What has to happen for the Lower Denominations to have value? It is called a rate. The rate for the dinar is in the budget. The budget has been passed, published in the Gazette, and the budget is already law. Can we see it yet? No not yet, not until the appointed time. Will Sunday be the special day of the Lower Denominations being available? Could be. Is it special because the rates of the Iraqi dinar will be seen visibly out and all to be celebrating and available? Quite possibly yes. [post 1 of 2....stay tuned]
12-23-2016 Newshound Guru wmawhite Article: "Babylon Bank calls its customers the implementation of foreign credits and remittances at the official rate" Quote: "Babylon Bank renews its call for the implementation of his customers his foreign credits and remittances and official rate of the Central Bank of Iraq." BINGO! This is what we are waiting for; implementation of foreign credits and remittances at the official rate. Paying their foreign bills with the IQD... currently all banks within Iraq settle all foreign credit and remittances in the USD...There also appears to be a movement within the banks to settle all foreign credits and remittances in the IQD...
12-23-2016 Intel Guru Frank26 IMO...the budget will be activated on the 31st. If they do...they will need a rate...somewhere between Dec 20-26...Then watch in the next 3 months the RV evolve into the float. They will end with a cap. They talk so much about a 1 to 1. The Minister of Planning and Finance talked about a rate back in 2012...which would have taken it to $3.86...but they weren’t ready. When they raise the rate...it will FLY ...and be controlled. It will be further controlled with a cap so that it doesn’t get out of hand like Kuwait...In Kuwait...it got up to $13...it got out of hand. In my opinion...once they reach that cap...it will be allowed to grow past that. Immediately after the RV starts (released)...it will start the process of calculations of the IQD...calculate for at least 3 months.
12-23-2016 Newshound Guru 1bobby [With the IQD in US banks. Does that take the IQD out of the exotic currency list?] Nope an exotic currency deals with the trading speeds/elements of the currency. Kuwait is still an exotic due to it's trading factor. Just them tracking it says a lot. That's not saying the IQD is "in the banks" just an electronic tracking. Now some banks still sell it but this deals with tracking a "buy sell rate" [I have some that I would like to trade quickly, at a revalued rate of course.] I think we'll all be dealing with that issue soon.
12-23-2016 Newshound Guru Kaperoni [there's a reason all of the govt or CBI issued reports outline plans for 2016 or 2017 through to 2020.] All of Iraq's forecasts are done in 5 year increments. I have stated several times, currency reform is a priority for a market economy. The forecasts are all inclusive to achieve the goal of a vibrant market economy, not 5 years to currency reform. In fact, currency reform/international convertibility is absolutely required before investors will come into Iraq to build a private sector/market economy. Therefore, I continue to believe we will see the reforms begin very shortly so they can achieve the success and growth of the economy to meet the forecast timeframes.
12-22-2016 Newshound Guru 1bobby I'd say the complete liberation of Mosul would be nice but not necessary. The budget should take place the 1st of January and will be interesting to see it's implementation. The budget does not hinge on Mosul being liberated. Now when they speak of the Natl Reconciliation, everything hinges on the liberation of Mosul...But...they are taking the steps as far as support for that to be approved and implemented once Mosul takes place.
12-22-2016 Newshound Guru loop Article: "Oil exceeds the threshold of $ 55" I was reading through the IMF’s SBA 1st review with Iraq and saw that they calculated that every dollar over the $42.00 budgeted amount for a barrel of oil would equate to 1.4 billion dollars more revenue. Not the 1 billion that some Iraqis have been quoted saying. If oil continues to trade at these levels their windfall will be in the neighborhood of 18.2 billion dollars. [No doubt, oil will help stabilize their economy, but non oil revenue will become as one aritcle said an explosion of possibilities in the near future.] I agree. Once the private sector gets rolling oil will not be as big a threat to their economic stability. Diversification is the key and with their nature resources their will be an economic force to be reckoned with.
12-22-2016 Intel/Newshound Guru Mnt Goat So, this approval is geared more towards the movement of the Iraqi dinar from article 14 to article 8 of the UN charter under mandates for member nations. This is, of course, terrific news for Iraqi currency investors. Article 8 means to operate under “international” constraints and Iraq now has new obligations under Article 8. They have proven worthy of this move. So logically the currency is now more available to the banking system and is now showing up in many banks. Remember also banks can refuse to trade in any currency if they chose to do so. So not all banks may now have the Iraqi dinar. The Iraqi dinar may now be international but the rate we all expected is not yet shown. This is exactly rolling out like so many good people have told you... this roll out would be slow and gradual. Not before Christmas or before the new year but in EARLY 2017! [post 2 of 2]
12-22-2016 Intel/Newshound Guru Mnt Goat THE REVALUATION OF THE IRAQI DINAR HAS NOT HAPPENED! The country of Iraq is still mandated to use the provisional rate as dictated by the CBI. This rate is subjected to the market rate of about 1180 – 1300 dinars to the US dollar. Okay so a few banks are now selling and buying the Iraqi dinar once again in the western countries. I do not yet see it in Europe. Legally they could have resumed trading the Iraq dinar since June 2013 (when Iraq was lifted from many sanctions)... This is also based on the successes against ISIS and the recent statements made by the IMF over the success of the SBA reform progress. [post 1 of 2....stay tuned]
12-22-2016 Newshound/Intel Guru Bluedog Article: "Rasheed announced stopping operations of deposit and withdrawal of savings accounts as of Sunday" WHAT A FIND IF TRUE IT'S GOLDEN...
12-22-2016 Intel/Newshound Guru Backdoc SINCE PRESIDENT MASUM RECEIVED THE BUDGET WITH CHANGES ON THE 18th IT BECOMES LAW EVEN WITHOUT HIS SIGNATURE WITHIN 15 DAYS. I'M GLAD ITS ALREADY SIGNED. INTERESTING THAT 15 DAYS TAKES US TO JAN. 2 nd! JUST AS FRANK [Guru Frank26] SAYS THIS IS PRECISION TIMING. BLACK GOLD, MARKETS REACHING A MILESTONE, AND CONTRACTS WHICH MAKE THE BUDGET NUMBERS WORK. THIS IS NOW DOWN TO TIMING. LET'S ALL ENJOY THE PROCESS FROM LAUNCH TO THE REAL VALUE AFTER MARCH 20 th. [post 2 of 2]
12-22-2016 Intel/Newshound Guru Backdoc I'M WATCHING OIL VERY CLOSELY...I KEEP THINKING OF THE ISX BEING CLOSED FROM THE END OF THE TRADING DAY ON MONDAY THE 27th! I THINK ITS LIKELY THE WINDOW COULD START AT THAT POINT UNLESS THEY CONTINUE TO BLOCK INTERNATIONAL STOCK TRADES UNTIL THE NEW YEAR. IF AN INTERNATIONAL RATE OCCURRED PRIOR TO THE 28th STOCKS WOULD HAVE TO BE BLOCKED FROM TRADING INTERNATIONALLY IF THEIR PLAN IS TO IMPLEMENT ON JANUARY 1st RIGHT? [post 1 of 2....stay tuned]
12-22-2016 Intel Guru Frank26 IMO...they are completing the RI ...and I believe in all honesty this happened this past week. When the RI occurred this last week...Iraq was taken out of “time-out” and brought back into the International Club. I believe that the “float” for the IQD started a long time ago. IMO ...based on the numbers we are calculating ...it will be before Christmas...many banks that are now selling the IQD...IMO...the banks in the USA are ready or are in position to exchange the IQD at whatever rate it wants to be. ...CitiBank...they said they are not exchanging the IQD yet...but the guy on the phone said they are waiting for an update on the rate. Again...there will be no fanfare... This week is an interesting week. [post 3 of 3]
12-22-2016 Intel Guru Frank26 There is another set of numbers...(total of 3 by the way). These numbers will deal with the budget paying its bills / loans. It is part of a float ...but the float will catapult the price of oil even further. The 1st numbers will deal with the debt/deficit that they have. The 2nd set of numbers will pay for their bills. Neither of these numbers have been reached ...yet. The number of the oil in the contract is what matters. The 1st set of numbers should be in the budget at 1 to 1...(for 3 months)...The float that goes into the 2nd set of numbers (that goes into the contracts). The 3rd set of number...(towards the end of 3 months)...these deal with the numbers that are CAPPED. ...as oil floats...the rate will also float. [post 2 of 3....stay tuned]
12-22-2016 Intel Guru Frank26 The 2017 budget is signed...but if it’s not fueled properly...it won’t accomplish anything. The usage of its OWN currency in needed. ...historically...and for the first time it is signed and ready to launch based on certain numbers. ...we have calculated the numbers that are necessary that must be in the budget. The price of OIL is not the only factor...but IMO...is the LARGEST factor ...the oil prices in December will climb to around 60...and in 3 months ...around March 2017...we should see it in 100 to 120 range...then in the summer it will go back down around 60. The budget needs to maintain itself somewhere around 60... this number is what we are looking for with Brent and WTI oil. This budget is very close to being released. Calculations are to the point to where the budget is going to work. The number we came up with...IOO...will maintain the 1 to 1 rate. [post 1 of 3....stay tuned]
12-22-2016 Intel/Newshound Guru Mnt Goat We know that Vietnam had a 5 year moratorium put on their currency as penalty for money laundering for China. This was done around 2011. Then they signed up for with the IMF much like Iraq is now experiencing in its SBA. They have made great progress and are moving forward very quickly. In fact it is almost unbelievable what progress they too have made. They too, like Iraq, are under the IMF “sustainability” reforms. Do you know the Dong almost revalued in the past to a significant amount, but due to corruption was held back. So like Iraq this period is coming to an end as the needed financial reforms are kicking in.
12-22-2016 Intel Guru ADMINBILL SOME FEEL, WITH BANKING CONNECTIONS THAT IT IS ANY MOMENT...STILL OTHERS BELIEVE BY FRIDAY IS NOT DOABLE….. THE 26TH AND BEYOND BEING MORE REALISTIC.
12-22-2016 Newshound Guru Aggiedad77 This is all solely my opinion...but I got to thinking about the price of oil...the $60/barrel price is key...the reason so...IMO...is that the $60 price is Brent Crude price...it is always...always higher priced than the Iraqi oil will be per barrel...So at $60/barrel Brent...break-even maybe...hopefully for the Iraqi budget...above that point...gravy rolling in for the Iraqi's...sure we pay more at the pump as it goes up...but this is an instance where I wouldn't mind that if it brings on an RV for the world...again all IMO.
12-21-2016 Intel Guru RayRen98 Everything in Iraq looking extremely well and moving right along. On Monday two banks were now buying and selling dinar. Rates not favorable but capability was there. This was a 180 degree turn. A powerful thing to happen for what we were looking for. An International traded currency. That needed to take place. Now, just looking for the value to change. This is a strong indication. Now five banks and possibly six banks. We’ve checked and rechecked these five banks. CURRENT WINDOW: They (banks) have information circulating to them to be ready to exchange customers before Christmas...If it’s not by Christmas...I expect it one or two days after. We waited for it to be International. For all intents and purposes that is done. Now we are waiting on the rates.
12-21-2016 Newshound Guru Adam Montana Now, of that 30 trillion in "cash" that is floating around, how much of that is held by people who are wanted for crimes? How much of it is simply "lost", out of the country, held in a safe somewhere and simply will not be able to be cashed, before the large notes are declared "dead"? I think it stands to reason that an EASY 50% of that number will simply vanish and not have any influence on what the CBI is liable for during the "Cash In" phase. There is a lot more to say about it, but that's a good starting point. Bottom line for me is that "cash" number doesn't concern me at all. [post 2 of 2]
12-21-2016 Newshound Guru Adam Montana [I have seen many articles stating that there is about 30 Trillion dinar in chunky cash (under the mattress) inside Iraq. How is possible for the CBI to increase the dinar exchange rate with 30Trillion dinars inside Iraq?] That figure gets thrown around a lot, but there's no way to prove or know WHO has that physical cash or WHERE it actually is... regardless, I can put that worry to rest VERY quickly. How much of that money is in large bills? A LOT. And how quickly could the CBI declare large notes NULL and VOID? It could easily be done in 30 days. [post 1 of 2....stay tuned]
12-21-2016 Newshound Guru loop Article quote: "the Central Bank of Iraq has performed over the past year more than the actions taken for (13) years past in terms of procedures and regulations set by the central bank." HUGE STATEMENT...Second time an outside advisor has said that they are taking care of business and working overtime.
12-21-2016 Newshound Guru Adam Montana Article: "World Bank Iraq describes a world's richest nations on earth" Even though there's no RV to report, I sure do love it when we get reminded that Iraq is truly one of the wealthiest countries in the world, their currency just needs to catch up...
12-21-2016 Newshound Guru loop (new guru) Article: "World Bank Iraq describes a world's richest nations on earth" Quotes: "Description of the World Bank, Iraq "one of the richest countries in the world on the face of the earth." "Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts." Who said this? Middle East director of the World Bank Farid Belhaj..."BOOM" HUGE STATEMENT. I cannot recall a time where an official representative of the World Bank has come out with a statement like this...HUGE HUGE HUGE.
12-21-2016 Intel Guru Bruce Iraq been done. Their LD been out in the provinces. They have made a lot of progress. Some of the story has to do with the information of the liberation of Mosul which we understand is liberated now. For some reason they haven’t really put that out on the news. I understand that probably will change here pretty quickly. Some things were done to sort of level the playing field with the rest of the Tier 1 banks other than Wells Fargo in this country. Also the other banks got the opportunity to work with their existing customer bases on some currency. They had some buy and sell opportunities with the Dinar. I believe our little slight wait we have right now has to do with trading the dinar and getting that currency and possibly the Dong up a bit higher before it is revealed to us.
12-21-2016 Intel Guru Frank26 The IMF worked very, very hard with Iraq to maintain their numbers, MCP and to remove their restrictions on their currency to become internationally accepted. If banks are now selling the IQD...how long does the UST expect the American banks to hold-on to this basically worthless currency? Smells very strong of an RV...doesn’t it? To show NO RESTRICTIONS...means Article 8 have evaporated. All they need to do is raise the value of their currency. IMO – this year...2016. My new time line is the 20th to the 26th of this month. With the budget coming out to the internationally world by December 31st...IMO – the US Treasury is very happy...hence why the IQD is being made available in the American banks. I see international compliance...accepted before the RV of their currency...(that’s the RI). ...IMO...they have completed the RI! IMO...it is the RV that is next. There was no announcement of these American banks with the IQD? (no memo) Very few knew about it. No announcements. It just happens. So will the RV.
1-13-2017 Intel Guru Jester IT APPEARS THAT OTHER THINGS ARE IN THE WORKS... I AM TOLD THE BUDGET IN IRAQ IS PASSED... YOU DON'T SEE THAT ANYWHERE I FIND YET... WE'LL SEE...I AM TOLD ABADI IS COMING TO THE INAUGURATION AND HAS A MEETING SET UP WITH TRUMP... AGAIN, WE'LL SEE...I HAVE CONFIRMED THAT TRUMP DID INDEED INVITE HIM...
1-13-2017 Newshound Guru loop Article: "The Trasport Ministry is putting pressure on the Korean company constructing the port of FAW's breakwater barrier to finish the project." The Transport Ministry is willing to expedite the process from their end by removing administrative obstacles. The port of FAW has the potential of being a huge revenue generator once it is fully operational...they plan on being a gateway for import goods going to Europe via the "dry canal" (Railway System) that they are currently constructing.
1-13-2017 Newshound Guru rcookie Article: "Iranian company intends to invest an industrial city border..." [There is an amazing amount of news about people coming to Iraq, such ambassadors (Canada) and more companies (Russia).] AGREED....CANADA... RUSSIA...IRAN...JAPAN...AND THATS JUST TODAY...
1-13-2017 Newshound Guru Phillyman [new Guru] Article: "Parliament to raise its next Sunday" Quote: "Raised the Presidency of the Council of Representatives, on Thursday, its second session of the second legislative term of the third legislative year to next Sunday, while the meeting included a vote on the Supreme Judicial Council Act." ...they are done till Sunday and the only vote taken I could find was for the Judicial Council Act.
1-13-2017 Newshound Guru loop Article: "Warka Bank" .. Citizens lament the huge sums of money entered did not graduate" Quote: "The manipulation of banks and private civil entitlements of citizens, is extremely dangerous, the fact that those practices and behaviors cast negative impact on the citizen's confidence in the Iraqi banks in general, and especially the private banks." ...more proof that they a righting the ship and cleaning up the mess. People were not able to get the money out that they they deposited 7 years ago until just recently. Most likely they will be put under the tutelage of the Central Bank. ...Alak has said that the Central bank will make sure that the citizens will get there money back even if the CBI has to do it. Rebuilding the trust in the banking sector is paramount to the success of Iraq moving forward.
1-13-2017 Intel/Newshound Guru Mnt Goat Article: "Iraq and Japan signed on Tuesday a memorandum of loan - related reconstruction of the electricity sector - the third phase." do you think they will need electricity to run those ATM machines, debit card swiping machines? Its not all just about those running those AC units. Did I mention computers for e-dinar banking also work off of electricity? ...Its all interconnected.
1-13-2017 Newshound Guru Adam Montana [When you read articles pertaining to the RV, what are some of the signs or tip offs that you see in an article that tells you something is going to happen? Also, is Iraq in another holding pattern now? I haven't heard much coming from the Parliament lately.] I don't actually look for "signs" or "tip offs", I pay more attention to patterns and "big picture". But regarding Parliament, I disagree there - I'm seeing a lot of good patterns continuing and also new ones emerging.
1-13-2017 Newshound Guru mike Article: "Deputy: Parliament on the verge of the task and the law of oil and gas in its priorities legislation" I don't believe we'll see an HCL until both the Kurds and Baghdad have new leadership. Barzani and his people are as dug in as the Shia that dominate Baghdad. The HCL will provide transparency to the people and the world and these guys aren't having any of that. It's going to take a seismic shift in the Iraqi political scene before that's going to happen.
1-12-2017 Newshound Guru Adam Montana [If Iraq is borrowing money, how can they afford to RV?] That's a non-question... a financial company is building a 20 million dollar structure across the street from one of my commercial properties. I am personal friends with the banker who handles their loan... they don't need a loan at all, they have at least 5x liquidity to cover the entire project. Why are they borrowing the money, then? Because that's what smart money does.
1-12-2017 Newshound Guru Kaperoni Article: "The Ministry of Planning is responsible for the implementation of private sector development strategy" Currency reform must be completed before any market economy can begin.
1-12-2017 Intel Guru Frank26 A beautiful thing happened at the CBI...early morning today. [reference Guru Delta post 1-12-2017]. If they have lifted the 3 zeros...then sanctions should have been lifted by now. I am also of the school of thought that it would be very embarrassing to come out with a program rate...especially if you lifted the 3 zeros...which means you’re in Article VIII ...but can only be defined IF Chapter VII was lifted – ONLY! As the international money comes into Iraq through IBAN...it will flood the country with currency.
1-12-2017 Intel/Newshound Guru Backdoc THE IMF STUDY CLEARLY STATES THAT YOU CAN'T CONVERT A DIGITAL CURRENCY TO A NON DIGITAL CURRENCY! THE NEW DIGITAL CURRENCIES WILL REPLACE THE OLD ONES NOT CONVERT! ...SO WE KNOW EXACTLY WHAT WE ARE LOOKING FOR, THE NEW DIGITAL DOLLAR SINCE WE ALL KNOW THE OLD DOLLAR AS IRAQ STATES IS NOT DIGITAL! THE TIMING IS NOT ABOUT THE BUDGET OR ANY OTHER THING IN IRAQ IN MY HUMBLE OPINION, IT IS ABOUT THE ARRIVAL OF THE NEW DOLLAR WHICH IS COMING THIS WEEKEND OR NEXT MOST LIKELY, IMO
1-12-2017 Intel/Newshound Guru Backdoc THE NEWLY ACQUIRED IBAN NUMBER IN IRAQ CAN NOW EFFECTIVELY MOVE FUNDS INTERNATIONALLY ON A DIGITAL PLATFORM IN SECONDS NOT WEEKS! REALIZE THIS IS ONLY A PART OF THE WHOLE SYSTEM THAT NEEDS TO BE ADMITTED BUT MORE WILL COME IN THE NEXT FEW DAYS I SUSPECT! ...YOU CAN'T SEE THE NEW ASSET-BACKED DINAR TO EXCHANGE UNTIL THERE IS A DIGITAL CURRENCY TO EXCHANGE TO PERIOD! THE POTENTIAL NOW EXISTS ONCE IRAQ'S COMPLAINT IS SATISFIED! WHAT COMPLAINT? ...THEY COMPLAINED ABOUT NOT BEING ABLE TO DISPOSE OF THE OLD DOLLAR BECAUSE THEY HAD TO WAIT UNTIL THE U.S. TREASURY ANNOUNCES THE NEW ONE! [post 1 of 2....stay tuned]
1-12-2017 Intel Guru ADMINBILL HEARING TONIGHT MAY BE IN THEY CARDS. REMEMBER, THE KEY WORD IS ALWAYS "MAY". KEEP YOU FINGERS AND TOES CROSSED.
1-12-2017 Intel Guru Delta ...IT LOOKS LIKE THE RATE ON THE SPREADSHEET OF CBI IS GONE NOW ALSO...SINCE THE START OF 2017...NEW RATE IS COMING!!! CAN I SAY BINGO!!!
1-12-2017 Intel Guru RayRen98 [After the Budget is released to public to see will that have 1] new rate ...2] or do you think it will be after January 20th when Abadi comes to the Inauguration of President Donald Trump?] That’s what we are being told, that it will be in this Budget. I don’t think it will wait until after the Inauguration, because of everything that has taken place, but if so, so be it. It’s not that long away, after all! [Is the Budget in the Gazette?] The Budget is not in today’s Gazette, but there is an expectation of seeing in Sunday’s Gazette. WE wait to see what happens next.
1-12-2017 Newshound Guru Adam Montana [Who is going to give in first on the HCL issues. From what Im understanding the whole HCL thing is just a matter of the percentage of the budget.] "Who" is going to give in first? That's a question that just makes me GIDDY with joy, because nobody has to "give" in at this point... they are truly at a place where everyone is moving forward, everyone is winning, and things are just going great for us! I can almost envision a red carpet rolling out in front of us (and them) on the current path. Something REALLY bad will have to happen to change that.
1-12-2017 Intel/Newshound Guru Mnt Goat "President Fouad Massoum on "financial budget law to 2017", has approved the federal budget of the Republic of Iraq for the fiscal year 2017 ″, noting" that it was sent for publication in the Official Gazette ". ...this will not mean an automatic RV, nor that the “RV new rate” will be written in the budget for us to see.
1-12-2017 Newshound/Intel Guru Arthur On the security front, we see massive progress to the point where many believe the final liberation flag could be flying over the center of Mosul as early as end of this week. We also know that just days ago PM Abadi closed the boarder with Iran and issued a blackout. When we consider that the UN/CBI has not updated on their usual schedules, and that we are now being told that many bankers are seeing blank rates on their screens with only an 800 number for further information, and that just days ago the Electricity Minister of Iran postponed the signing of further contracts with Iraq until as he said "the new exchange rates are taken into consideration," and that the Iraqi 2017 budget has been signed with a 7 day constitutional deadline for entry into the Official Gazette, as we are just days away from the inauguration of new American leadership, we now have a perfect storm to finally see this blessing ANY DAY NOW IMHO.
1-12-2017 Newshound Guru Adam Montana I believe the HCL is closely tied to many things, which is why it couldn't be passed successfully in the past. Too many things are intertwined into it! This is not a "magic wand" situation... Many many factors are part of this complex process, and every time we see a positive article from Iraq regarding utilities, trade, government, and a slew of other elements have to come into place for Iraq to RV. They could just RV today, but without a little more stability in their infrastructure, the value could easily crash before we even get to cash in... nobody wants that! So as intelligent and (sometimes) patient investors, we continue to watch and root for Iraq. Our patience will be rewarded. It's just a matter of time.
1-11-2017 Intel Guru Delta ...on the 8th...the CBI sending message to all money changers...the CBI will no longer be involved with the auctions – The CBI is handing off the auctions to the banks – (as it should be). With the IBAN System...money will be able to move in and outside of country... The exchange rate has NOT changed on the CBI website yet...but the CBI’s website still shows January 4, 2017. Only one thing left...the dinar has to change...and that announcement has to come from the CBI. Looks like they’ve got the GREEN-LIGHT! ...the only thing left is to raise the value...The CBI has to make their move... release the lower denominations. From now until Thursday is going to be interesting.
1-11-2017 Newshound/Intel Guru Arthur Two days ago we saw a CBI announcement calling for the "conversion" of what they call "uncles" which we have translated to mean the large notes held in Iraq and perhaps even globally. We then saw them transport a large amount of money to their largest bank which they say ended their over 2 year long severe liquidity crisis and IMO will facilitate this massive conversion from the aforementioned "uncles" to their lower denominations thus beginning the delete zero project on schedule in "early 2017". [post 2 of 2]
1-11-2017 Newshound/Intel Guru Arthur ...we see several key progressive movements over just the past few days that give rise to much excitement and anticipation. Iraq's IBAN (International Bank Account Number) that every country needs to conduct international banking and commerce that was set up in December went into full effect on January 2nd giving Iraq the ability to do banking and commerce with the international community. [post 1 of 2....stay tuned]
1-11-2017 Newshound Guru Stryker It's just a matter of days and we will know if the new rate is in this years budget.
1-11-2017 Newshound Guru Adam Montana 2016 is in the rearview mirror. Upwards and onwards! A lot of things took place towards the end of last year (just a few weeks ago...!), and Parliament is kicking the year off with a lot of forward progress. ...my current optimism has to do with how I see the tortoise gaining on the hare in this race, slowly but definitely steady. In fact, the Budget may already be ratified and sent to the Gazette according to this article, and that is probably the SOONEST they have EVER got this done! Article: "Masum Approves The budget For Fiscal 2017 Act And Sends It To The Official Gazette For Publication!" That, my friends, is real hardcore reason to be positive about the immediate future!
1-11-2017 Newshound Guru Kaperoni Article: "Iraq is approaching exit from Chapter VII" Quote: "In the case of Iraq out of Chapter VII, it could recover the frozen his assets in foreign banks by $ 50 billion estimated roughly, as well as in the Development Fund for Iraq, which also will be able to his money management without international tutelage, and will allow him re-assume its place on the scene international, as a member of an active and influential in them." This is why Iraq is not worried about its reserves. The day the UN votes to officially remove them from VII, Iraq will go get the $50 billion and anything left in the DFI. Iraq's reserves could skyrocket to $90 billion or more in very short order.
1-11-2017 Newshound Guru mike "Central Bank supports the international mathematical figure the "IBAN" It will ...provide transparency for the Iraqi banking system. This is part of what the US Treasury is doing in Baghdad, it will greatly reduce the funding for terrorism.
1-11-2017 Intel Guru Frank26 We’ve been looking for the security of Mosul. The stability/security of Mosul is most importance. 72, 72, 72 [hours]...I don’t care how many more Abadi wants...let him have them. The CBI needs to feel confident to release the rate. IMO – Mosul security/stability and the MR are tied together...but not necessarily the KEY to the MR. IMO – Baghdadi is. In the Middle East...they always take things down to the last nanosecond. We are on course.
1-11-2017 Newshound Guru loop Article: "Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions" IMO it is another part of the deletion of the zeros process falling into place. They will be able to track where all the money goes on an international level, which will ensure that the funds do not go to anyone on the blacklist.
1-11-2017 Intel Guru Bruce We understand tomorrow [Wednesday] everything will be in the budget. That is the information about Iraqi bills that were passed, all these laws, all should be put in the Gazette in the morning. The rate value of the Iraqi dinar should be in the budget and seen in the Gazette tomorrow [Wednesday]. Mosul has been liberated for some time now. That flag we understand that has been flying in Mosul...The knowledge in the news has not come out. I believe we are in a moment and moment and ready for a blessing to come in very shortly. I have been in this for 12 years and didn’t think it take this long to get this far. Even so, I am very encouraged where we are right now. Everything is moving in that correct direction for us. We are highly anticipating something happening. We are getting to the very end of this ride.
1-11-2017 Intel Guru ADMINBILL Can't hold this up as it is done and the thing we are waiting on is the final steps to line up all the countries to the asset back Gold Standard. A contact said Jabbari is ecstatic and the contact said yesterday this is imminent... In all likelihood we will see activity sooner rather than later...Perhaps before the Inauguration. It may not be tomorrow or the next but we are closer than a Louisiana frog's hair...IMO.
1-11-2017 Newshound Guru rcookie Article: "UN calls for "real" investment opportunities in Basra." SO...THE NEW UN SECRETARY GENERAL GUTTERS TOWARD ADVANCING ECONOMIC INVESTMENT OPPORTUNITIES IN BASRA AND OPENING THE PRIVATE SECTOR SPACE TO DRIVE THE IRAQI ECONOMY BY CREATING REAL OPPORTUNITIES OF ATTRACTING COMPANIES AND CAPITAL TO BASRA...AND WILL BE SPONSORING A GLOBAL ECONOMIC CONFERENCE AND THE FEDERAL GOV'T COMMITMENT TO ACTIVATE AND SUPPORT THE PRIVATE SECTOR AND GUARANTEE PENSION RIGHTS FOR WORKS TO PROMOTE CONFIDENCE WHILST PROVIDING EMPLOYMENT OPPORTUNITIES FOR YOUNG PEOPLE OF THE PROVINCE... THEY ARE ATTACKING THEIR UNEMPLOYMENT AND POVERTY LEVEL ISSUES ON THE WORLD STAGE WITH GLOBAL AGENCY SUPPORT...
1-10-2017 Newshound Guru rcookie Article: "Urgent infallible approve the 2017 budget law" Quote: "...initiated this law in order to approve the general budget of the Federal Republic of Iraq for the fiscal year 2017," referring to the "sent for publication in the Official Gazette." 2017 BUDGET LAW GOING INTO GAZETTE...
1-10-2017 Newshound Guru Kaperoni "Central Bank supports the international mathematical figure the "IBAN" starting from 2 January 2017" Spectacular news! ...its important for the transfer of funds to and from Iraq. A step closer.
1-10-2017 Intel Guru Frank26 There was an issue that occurred...which they told us about in December. Accepted...and now implemented on the 2nd of January. The IBAN...The CBI supports the INTERNATIONAL process...IBAN allows a bank to do transactions with another bank in another country... INTERNATIONAL transactions! Currently Iraq is under sanctions ...so why would IBAN waste their time with Iraq if they didn’t plan to be INTERNATIONAL? Why are we excited? IBAN gives international banking account numbers. IBAN cannot be used with a PROGRAM RATE! The software in IBAN is only for INTERNATIONAL TRANSACTIONS...they are telling you something without showing you the rate...YET! How is Iraq using IBAN with a program rate? There is NO RATE on the CBI website...
1-10-2017 Intel Guru Bluwolf GOOD BYE, FAREWELL, ADIOS...what was far fetched for many now will be a reality...we await the FINAL go (within hours according to sources)...this is the year of jubilee, abundance, peace, truth and freedom in all levels. I want to thank you for riding through this storm with me...Happy New Year and Happy Journeys, Na'maste Bluwolf.
1-10-2017 Intel Guru RayRen98 Mosul is reportedly at 80 percent in the west [east??]. Parliament is looking for the remaining ministers to be resolved. On Iraqi TV, the budget has been approved and on the way to the Gazette (again). Claims that it will be opened to the whole world. I am still being told to look for a new rate when the full budget is released. Time Will Tell. The CBI site remains unchanged for several days now. Hmmmmm?
1-10-2017 Newshound/Intel Guru BGG ...article about the greatly tightened border scrutiny of borders and ports with respect to currency moving out of their borders...I think a lot of people missed that one about the borders last week...it was much bigger than the 'airplay' it got...shows a serious 'sensitivity' to currency moving outside the borders in an uncontrolled manner. Which begs the question - why? In conrast - the US doesn't worry too much about currency moving around... why is Iraq's 'currency sensitivity' so heightened right now? the answer is easy - they've already told us.
1-10-2017 Newshound Guru Enorrste "Central Bank supports the international mathematical figure the "IBAN" starting from 2 January 2017" Here is what IBAN means: "The International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors." Therefore, this is a major step in prepaing to go international with the dinar. By accepting the IBAN system they are saying that the rest of the world can access Iraqi bank account information if necessary. This is a huge opening and will prepare the way for entry into Article VIII and international trading of the dinar, in my view.
1-10-2017 Newshound Guru Mailman17 NOW, WITH THAT SAID, ADD IN THE OTHERS, ESPECIALLY THE NATURAL GAS. THIS IS WHY THE WORLD BANK IS THINKING IRAQ WILL BE ONE OF THE TOP 5 RICHEST NATIONS IN THE WORLD. IF THAT DOESNT QUALIFY THEM TO BE A RESERVE CURRENCY, I DONT KNOW WHAT DOES. BUT TO BECOME THAT, THEY NEED STABILITY. AND THAT IS WHAT THEY ARE WORKING ON. WHEN IT COMES DOWN, THE DINAR WILL BECOME WHAT IT WAS INTENDED TO BE. AND LETS FACE IT, THE US DOLLAR IS OVER PRINTED IN THE MARKET, YET IT REMAINS A RESERVE. FOOD FOR THOUGHT AND AS ALWAYS...JMO. [post 2 of 2]
1-10-2017 Newshound Guru Mailman17 LETS FORGET ONE SECOND ABOUT IRAQS GOLD, NATURAL GAS AND OILS. ALBEIT THOSE ARE VERY IMPORTANT RESOURCES TO HAVE AND THEY HAVE PLENTY OF IT. THE PROBLEM I HAVE IS THAT MANY FORGET THE PAST NEWS REGARDING IRAQ. PHOSPHORUS IS AN ELEMENT USED IN MAKING MANY THINGS, PARTICULARLY STEEL PRODUCTS AND MOST IMPORTANTLY MEDICINE. AS REPORTED YEARS AGO...THE WORLDS SUPPLY OF THIS VERY IMPORTANT ASSET/COMMODITY/MATERIAL WAS AT A LOW OF 15%. IRAQS PHOSPHORUS RESERVE IS ENOUGH TO BRING THAT NUMBER UP 10 100%. IF IT IS THAT IMPORTANT, THAN THE OTHER ASSETS THEY POSSESS ARE ICING ON THE CAKE. [post 1 of 2....stay tuned]
1-10-2017 Intel Guru Frank26 There seems to be an EXCITEMENT for the new President coming in...and the old one leaving. We’ve certainly had our days of delays with Obama and Maliki. It’s time to move forward. We feel in our hearts that there is a plan... Abadi will be in DC around the 20th for Trumps inauguration. Abadi is NOT just coming for the inauguration. I think Abadi will stick around for 3-4 days...media will be shut-out. These meetings will have a lot to do with the fuse being lit. Again, I don’t know the date. I don’t look for a date...I don’t care if it goes into February / March. Oh dear...Frank said Feb/Mar... The RV can happen at any date. There is no date. Iraq is a sovereign country. BTW – the USA does not believe in giving any country (that is working on their MR) a billion dollar loan if they are not interested in increasing the value of their currency...or doing a LOP.
1-10-2917 Newshound/Intel Guru BGG Article: "Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions" That is big news... Their IBAN 'unification' is a very big move...looks like we could see the start of international "re-integration" soon.
1-10-2017 Newshound Guru rcookie GOT A WHOPPER FOR YA. Article: "Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions" Quote: "...introducing the international bank account number (IBAN) system in Iraq." THIS IS BIG NEWS BECAUSE IBAN HAS BEEN PART OF THEIR WORKING BANKING SUPERVISION FOR MANY LOI'S FROM THE IMF...AND TODAY... BOULYAAAH! ABSOLUTELY ... HUGE!
1-10-2017 Intel/Newshound Guru Mnt Goat [What is the next phase you keep mentioning? to me it is either going to happen or it's not.] It is not all about some magical date when someone pulls a trigger and ...wamo its all better and everyone is filthy rich! NOT! But instead the “project to delete” the zeros has many components to implement and like Dr Shabiib had told us in 2011 that the effort is a multi-year, a 5 year effort. Then they told us again in early 2015 that it was a 2 year effort, (meaning three years had passed and two more remained). Then in late 2015 they told us 1 more year remained (meaning 4 years had passed and 1 more year remained), and we should look for it in early 2017.
1-9-2017 Newshound/Intel Guru BGG [..."re-integration." Is that the same as revalue...are we still believing that they will revalue around .90 equal to 1 dinar to begin with?] That's not exactly the same..."re-integration" is more like a term the international community is using to describe this move to "re-engage" Iraq with the rest of the world economically. It is likely sometime around the same time they will start the project to "Remove the 3 Zero notes" as they have outlined over and over...the beginning stages of this "project" will likely include some change in the value of the Dinar. This is the stage most here are after - but there is much more to follow as well. It get more and more exciting by the day.
1-9-2017 Newshound Guru Mailman17 WE ARE NOBODY IN THE GRAND SCHEME OF THINGS. THE AVERAGE IRAQI HAS SQUAT IN DINAR. AND IF YOU DO, YOU WILL BE DEALT WITH AN OPTION BY THE BANKS IN IRAQ TO COMPLY TO THEIR RULES WHEN DEPOSITING. AS FAR AS WE ARE CONCERENED, WE TOO WIL BE DEALT WITH FAIRLY, WITH THE BANKS MOST LIKELY TURNING OVER OUR DEPOSIT FOR CREDIT AND OUR MEASLY DINAR GOING INTO THE U.S. FOREIGN CURRENCY RESERVE. THE AMOUNT OF DINAR OUTSIDE IRAQ HAS BEEN FIGURED IN AND IRAQ WILL BE FINE COVERING IT AS IT WILL BE A VIABLE RESERVE USED BY OTHER COUNTRIES. ...LETS SEE WHAT TRANSPIRES. THE END OF THIS RIDE IS ALMOST OVER. AS ALWAYS...JMO AND IN REGARDS TO IRAQS STATED FINACIALS...LOOK IN THE PAST...ITS THERE...THEIR FINE. [post 2 of 2]
1-9-2017 Newshound Guru Mailman17 THE IRAQI DINAR HAS AND ALWAYS WAS SET UP TO BE A RESERVE CURRENCY. THE U.S. BRITAIN AND THE PARIS CLUB NOT TO MENTION IRAQS NEIGHBORS CAN ONLY BENEFIT BY HOLDING THE DINAR AS A RESERVE. THE MERE FACT THE U.S. DOLLAR IS STILL CONSIDERED A RESERVE CURRENCY IS MIND BOGGLING...YOU ADD IT UP. IF YOU BELIEVE THEIR M0 OR M2 IS THAT HIGH OUTSIDE IRAQ WITHOUT FATORING IN THAT MOST LIKELY 80% OF THAT NUMBER IS HELD BY FOREIGN GOVTS, THEN YOU GOT A SCREW LOOSE. THEY HAVE BEEN CAUGHT NUMEROUS TIMES WITH 2 SETS OF BOOKS. WHEN ADDING UP IRAQS M0 AND M2 FIGURE IN VIRTUAL CURRENCY AS WELL...NUMBERS ON A BOOK, NOT ACTUAL PHYSICAL CURRENCY. THIS IS AND ALWAYS WAS WAY MORE THAN WE COULD IMAGINE REGARDING PAYOUT. [post 1 of 2....stay tuned]
1-9-2017 Newshound/Intel Guru Bluedog STILL WAITING FOR THE GUARD TO CHANGE IN WASHINGTON, AS I HAVE BELIEVED SINCE NOVEMBER LAST YEAR AND ITS COMING...THERE AFTER...WATCH WHAT HAPPENS IMO. IMO NOTHING TILL AFTER THE 20TH AND THEN, WELL CBI HAS THAT DATE...THEY ARE A SOVERIGN COUNTRY AND THE WORLD REVOVLES AROUND IRAQS MOVE. IT WAS PLANNED...ALL OTHERS CAN LINE UP AND GET INTO POSITION BUT WE ALL KNOW IT'S A PLANNED EVENT FROM YEARS AGO...IMO.
1-9-2017 Newshound Guru Shredd Article: "Central Iraq" supports the currency delete the "zeros" dinar" Great to see this is still on track. The initial steps could be very telling as to what we can expect.
1-9-2017 Intel Guru Frank26 Quotes from articles: "Central Bank: the deletion of zeros in early 2017" "The governor of the Iraqi Central Bank on the Keywords that project to delete the zeros will be implemented in early 2017..." "He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017." "Start procedures to delete three zeros from the currency in 2017" ...their goal is to do this at the start of 2017 not later. I think around the first of June where they came out and said we are going to cancel all of this...but I tell you what...we are going to do this in the early part of 2017...we will pick up right where we left off...there were a lot of reasons...the Stability and Security of our country is horrible...we’ve been invaded by DAASH...and here is another thing...and this is the profound part...legally we can’t raise the value of our currency in the middle of a year...we will do it at the early part of 2017"
1-9-2017 Newshound Guru MadDScout My anticipation is with what parliament does on its session to come...This one is chock ful...And this one is Abadi's chance to redeem himself to parliament according to reports... Ministers...3 at the moment...Interior, defense and, finance?
1-9-2017 Newshound Guru tlm724 Article: "Central Iraq" supports the currency delete the "zeros" dinar" ...the CBI has given us ample information yearly about the project. First they say we have a green light and then they recant saying "we aren't quite ready yet" because it was true, they weren't ready. I am excited for 2017 and all the promise it holds. We are fortunate enough to be able to read and study daily and with a little discernment we do get a pretty good picture as to what Iraq is doing. We know they have and are taking the steps outlined by the CBI to get this project launched once and for all. Parliament is supposed to resume their sessions on Jan 10th or there about. We need to see a few laws revised and implemented to insure a smooth transition to a free market economy and more importantly we need to see the economic laws to protect their wealth. You know just as well as I do that the IMF, the World Bank and the US Treasury have their hands in Iraq's piggy bank and they aren't going to let Iraq slip with this, there is too much at stake.
1-9-2017 Newshound/Intel Guru BGG [Guru] RCookie was talking about...a very interesting article...RCookie's article spoke to the border crossing thrust to regulate "currency smuggling" - my take? IMHO - they don't want "unauthorized" currency transfers OUTSIDE the country... ask yourself why? [they are getting ready to revalue their currency?] They have pretty much told us so... in a number of different ways. ...I am suspicious the "outside" number is the one they are most concerned with. Why would they tell us? Because they don't care if you know...they aren't talking to you and I...AND Shabibi did say - they would tell (educate) their people leading up to this event/start of "the project"...
1-8-2017 Intel Guru RayRen98 It is being communicated to look for the Budget to be published in the Gazette in "the coming days." The Iraqi TV is reporting an upcoming realization or turn-of-events in Mosul on Sunday. I am now up to 13 US banks, 1 credit union and four currency exchange companies openly accepting the Iraqi Dinar, just like any other internationally accepted currency. There are probably more out there, I'm just sharing what is being reported to me...
1-8-2017 Newshound Guru loop Article: "Detection Network visit smart cards finance seized 1.5 billion dinars" Quote: "...in coordination with the competent authorities have been caught on one of the gang members and the introduction of appropriate officials to justice and to take necessary legal action against the defaulters." Crime does not pay in Iraq anymore. It has become very apparent that the GOI has implemented strategies to stop the corruption and bring the perpetrators to justice. We see articles almost everyday that is showing this.
1-8-2017 Intel Guru ADMINBILL There is and has been very real and positive movement over the last week that is an indicator to me and others that the RV/GCR project is nearing a level of activity we have not seen in the past. This week is likely to see more and more exciting news as we march to the conclusion with positive motion in Iraq, Vietnam and other countries that we have become familiar with over the years. This is not a guarantee the event will be completed before the inauguration of President Elect Trump...because we do not know what the actual timing of this event is to this day.
1-8-2017 Newshound Guru rcookie Article quote: "Jordanian-Iraqi Business Forum will be held on the sidelines of the expanded meeting on Monday to discuss possibilities of strengthening economic cooperation and joint ventures." SO ABADI MET WITH EROGAN FROM TURKEY YESTERDAY...AND HAS JORDAN PM TOMORROW WITH AN ECONOMIC AGENDA...
1-7-2017 Newshound Guru mike Iraq is, if I'm a betting man, about 50 years from even being considered a reserve currency. Iraq's position is also different because the majority of their income is derived from petro dollars. These dollars are used to purchase dinars from the CBI by the MoF and used to pay their bills and salaries. Any left over is absorbed by the CBI and become reserves. That's been Iraq's problem now for two years, they're spending more than they make and the reserves are cannabalized because of it. There are countries around Iraq...Kuwait, Saudi Arabia, Qatar and Jordan...who've had active economies and stable governments for years and they're not even sniffing reserve currency status. [post 2 of 2]
1-7-2017 Newshound Guru mike Iraq can't use the dinar as a reserve currency. There are only six or so reserve currency's in the world, the US dollar, Euro, Pound Sterling etc. The definition of a reserve currency is: A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves. The reserve currency is commonly used in international transactions and often considered a hard currency or safe-haven currency. Moving to Article VIII doesn't qualify a currency to be considered a reserve currency, it takes a large economy combined with a stable government who has a proven economic history of stability as well. [post 1 of 2....stay tuned]
1-7-2017 Newshound Guru rcookie Article: "Part of the delegation to meet with the Japanese Ambassador Wasit Fumio Iwai" Quote: "Wasit invites Japanese companies to invest in them like CHINESE and Russian" ...THE IRAQIS HAVE DONE THE 1ST PART AND THAT IS TO ATTRACT THE INTEREST AND PROMOTE THE POTENTIAL FOR DIRECT FOREIGN INVESTMENT IN THEIR COUNTRY...AND ADDRESSING ANY LEGISLATIVE OBSTACLES FOR DFI TO THRIVE IN THEIR NW OPEN MARKET ECONOMY...WHICH ARE INCLUDED IN THE ECONOMIC & FINANCIAL LAWS WE ARE WAITING ON...CUED UP IN PARLIAMENT...
1-7-2017 Intel Guru ADMINBILL We had some interesting a information yesterday that led us to believe that this weekend has great potential for us to move forward in a post RV environment. So far we are still hanging through the weekend with great hope.
1-7-2017 Intel/Newshound Guru Mnt Goat Article: "An invitation to support the dinar and the strengthening of its purchasing power" Quote: "Economic academic Dr. Essam Mahouelle called year 2017 to be the year to strengthen the dinar ‘s purchasing power and strengthens confidence in the national currency , which represents the sovereignty of Iraq, noting at the same time the need to restrict the foreign business dealings in dollars." they are telling us they need to prevent altogether the demand for the US dollar for ANY REASON WHATSOEVER. Can is get any clearer than this. They want to operate under the dinar and not the dollar.
1-6-2017 Intel Guru RayRen98 There is no intel apart from 12 banks, three exchange centers and one credit union now on board with dinar. The Iraqi Budget is still not in the Gazette... It’s done over there, we are just looking for the full release of the revaluation. Even they (Iraqi contacts) are saying they don’t know why it hasn’t been released to the public, including the Gazette.
1-6-2017 Newshound Guru Kaperoni ...the dinar won't go to a dime overnight. It will rise gradually and thus the CBI can reduce the money supply from trillions to billions simultaneously.
1-6-2017 Newshound Guru mike As it stands today, Iraq has, for arguments sake, somewhere between 40 and 60 trillion dinars on M0. At 1184-1, that's roughly $40 to $50 billion dollars of currency. At 1184-1, that's 100% coverage with Iraqs current reserves. However if you raise the value of the dinar to, let's say, a dime, now you have that same $40-$50 billion in reserves covering $6 trillion dollars. That's not enough. ...1184 and a slow rise up. How long that takes is anyone's guess, but, in my opinion, it won't happen quickly. I mean, how could it? The money supply is the problem, when Iraq moves to Article VIII they'll still have the same 40-60 trillion out. The first thing we need to know is, what's M0 money supply? The definition varies slighly, but it boils down to how much money is available in an economy, or, currency in circulation and demand deposits. This is the grease for any economy, it's what you and I have in our wallets and checking accounts. So, where do we get these figures? I got them from the Central Bank of Iraq... This tells me that Iraq has slightly more than 60 trillion dinars in circulation.
1-6-2017 Intel/Newshound Guru Mnt Goat ...parliament is coming back into session tomorrow and they told us they now have 30+ laws waiting for a final vote. These laws impact all aspects of the economy, judicial system and the fight against corruption and terrorism. They also keep emphasis in the Reconciliation law and its impact. So we know this is VERY important to Iraq too. Many of these new laws waiting in the wings for a parliamentary vote are linked to this reconciliation effort and must coincide to make it successful. So it is all going to come together real soon.
1-6-2017 Intel Guru Dr. Clarke We wanted to give you a quick update...We don't feel that this weekend of the 7th-9th, will produce, what you all are looking for. Quite a bit has changed over the past few days, significantly. About 2016: The last 2 weeks of December 2016 did produce public funding outside the country of Iraq, with a handful of notable, credible banks newly trading & exchanging the Dinar - which is really Big...but without a substantially increased rate, unfortunately...Yet. ...we've come to understand now, just how deeply hidden some of the True facts are...and the increasing falsity of especially All PUBLIC MEDIA, such as News Articles, Television reports, Public Statements and more...of which NONE can be trusted... In our...opinion, as of right now, ANYTHING can happen... So, we're done with this portion of information, because our work here now, is finished. We could throw some dates out there that we feel are significant, but we're not going to do that. So, we'll leave you with this...remember awhile back when we mentioned April? Keep a Smile on your face, and know it could happen at any Moment...
1-6-2017 Intel Guru ADMINBILL THE NEWS TONIGHT [THURSDAY] IS VERY STRANGE BUT ALSO VERY COMFORTING. BY STRANGE I MEAN UNEXPECTED BUT POSITIVE. IT DEALS WITH PERSONAL BUSINESS SO I DO NOT WANT TO DISCUSS IT BUT I AM MORE EXCITED ABOUT OUR PROSPECTS THIS MONTH THAN EVER. ...THE INFORMATION COMING IN FROM BANKING SOURCES IS A STRONG INDICATOR THAT THEY ARE EXPECTING, NOT ANTICIPATING, ACTION SOON. WILL IT BE THIS WEEK OR POST INAUGURATION IS ANYONES GUESS.
1-6-2017 Newshound/Intel Guru BGG ...everyone (me included) has operated under this premise that "they" wouldn't tell us...like it's some big secret... "the WHALES would sweep in and buy up Iraq for pennies on the dollar"...WHO WOULD THE WHALES BUY IT FROM? the amount of Dinar in circulation outside of Iraq is a set number - they could care less who owns it...me - you - the guy down the street... it's all the same to them. ...these articles they are printing are for their own people and their own purposes. Nothing to do with us... we are actually the little fish in this whole play. ...the currency "re-integration" is NOT THE BIG PLAY HERE. Big time traders will make money on this the same way they always do - by trading once this new market goes digital and is accessible...and the big play is the "wall of investment capital" Iraq will get hit with once this happens. Once they are fully re-integrated in the world economy - THIS IS THE REAL PLAY. [The first few days on the ISX after their currency is international is going to be facinating.] Could be the biggest single movement in this whole happening.
1-6-2017 Intel Guru Frank26 ...not to see the budget on the 31st was disappointing to me ...but now...I understand why...executive orders...it’s ok. I’m very glad that they didn’t open it up with a program rate – a program rate would have been an insult. They are INTERNATIONAL...and now they need to act like it with their currency.
1-5-2017 Newshound Guru Enorrste Article: "Central Iraq" supports the currency delete the "zeros" dinar" ...regarding those factors that affect the value of a currency, the biggest item was left out of that article: reserves. Iraq has over 100% coverage of its currency in reserves, or nearly so, and this is head and shoulders above any other currency in the world. It is because of this that Saleh could say, years ago, that the dinar would become a world reserve currency itself. By making this statement he was clearly indicating that the dinar would be strong BECAUSE of its reserve position. ...I will restate my position from the past, I believe that the strength of the dinar, on the one hand, and the fact that this is a unique opportunity, on the other hand, will cause the value of the dinar to rise rapidly, irrespective of Iraq's current economic position and security situation. The simple fact is that this will be a huge buying opportunity (similar to buying Google or Facebook) when it comes to the market, and, contrary to their statements today, most astute investors will see the potential and climb on board quickly. Furthermore, once they see ANY significant rise in value more and more people will climb on, including those of us who have held dinar for years. That is my two cents worth (about 200 dinars!).
1-5-2017 Newshound Guru FrostyTheSnowman Friday is an Iraqi HOLIDAY...known as "Armed Forces Day" which celebrates the 96th ANNIVERSARY of the activation of the Iraqi Army on Jan. 6, 1921.
1-5-2017 Newshound Guru mike ...we'll have a bunch of options once this currency is in Article VIII, it will still be an exotic currency like the Saudi Riyal and Kuwaiti Dinar, but at least it will be internationally accepted.
1-5-2017 Newshound Guru Enorrste ...it is my understanding...while under article XIV the dinar is not "internationally tradable" as we would normally use the term. It is true that one can buy physical dinars, but the dinar is not "traded" on any exchanges as we normally think of that term. Second, being under article XIV...also offers Iraq legal protection against lawsuits. It is this protection that, effectively, stalls any significant trade between Iraq and the rest of the world. The big players won't take the risk if they don't have some recourse legally. Therefore...practically speaking getting out of Article XIV and into Article VIII is nearly necessary before anything will happen to the value of the dinar.
1-5-2017 Newshound Guru Kaperoni ...the dinar is legal tender and internationally convertible now. It is just that the CBI is under Article XIV that makes banks shy away from engaging with the CBI and dinar (because it is risky and banks by nature are usually conservative). That is a choice for banks to make. Article VIII simple means that the CBI has met a level of compliance and international standards under the IMF. Which then would be much more inviting for banks to want to engage with Iraq.
1-5-2017 Newshound Guru rcookie Article: "The return of power to the center of Ramadi" Quote: "The Ministry of Electricity announced the delivery of electrical power to the city of Ramadi, the center and the regions of Sufism and Khalidiya." [where there is electricity, there is ATM machines running, computers going, banks going...] AGREED...AND THIS IS FROM AN AREA THAT WAS REPORTED MORE THAN 90% DESTROYED...
1-5-2017 Newshound Guru loop [So did anyone notice on the cbi site the indicative rate changes from 1180/1182 to 1182/1184?] I would not hang my head...over a two dinar downward shift in value and conversely I would not sing out from the rooftops over a two dinar upward shift. I am expecting a much larger shift and the news seems to indicate that we will see it.
1-5-2017 Newshound/Intel Guru Bluedog Article: "Iraq: We started to implement measures to reduce crude production from the beginning of 2017" Quotes: "Iraqi Oil Minister Ali Jabbar Hussein Allaibi announced on Thursday that Iraq has begun to reduce the national production of crude oil with the beginning of the new year 2017 procedures, in line with the Organization of Petroleum Exporting Countries (OPEC) decision." "He explained that the decision to cut oil production is to address the decline in oil prices in the global market and the problem will no longer needed if the producers to achieve the goals." Sounds like Iraq is dealing behind the scenes...and they are keeping us out of the loop... "OUTSIDE OPEC"...WOW!
1-5-2016 Intel Guru Frank26 Abadi said that in the beginning of 2017...was to OPEN the economic relations in Iraq to the INTERNATIONAL world? They have a targeted/calculated date for the MR. (monetary reform). IMO...they know the date...and they need to accomplish this in the MOOKLA of 2017. They don’t hide the budget FROM us...they hide it FOR us. To finish the security / stability...to reach the 57-58 for the budget. Delta said that they are hovering oil around 57-58. What would 60 and above mean? That would wipe out their deficit. The GOI and the military are using the same strategy … because IMO...they have the same leader...(Abadi)...and they have the same goal. To add value...not just their currency ...but their country that is filthy rich! The CBI is more than ready to release the rate... [post 2 of 2]
1-5-2016 Intel Guru Frank26 On Tuesday...[Guru] Delta called me...and told me that the President of Iraq...used an Executive Order to POSTPONE the budget. I was expecting to see it on the 31st. Delta said that if it came out with a NEW RATE we would be happy...BUT if it came out with a PROGRAM RATE...it would send the wrong message! ...it would not impress the INTERNATIONAL world. ...he doesn’t want to release it...because there is a new rate in it. This also came from the High Council of Ministers. The budget doesn’t need to be approved or passed...it NEEDS TO BE PROTECTED! Abadi comes out...says he needs 72 hours ...and he wants another 72 hours more. Why? Mosul...Give me Mosul...you’ll see the MR. That mantra hasn’t changed. So...we have a HOLD on the budget... Stability and security are now the main focus. MOOKLA = Security/ Stability = CBI releasing a rate. [post 1 of 2....stay tuned]
1-5-2017 Intel Guru RayRen98 Up to 10 banks now and 1 credit union dealing in the Dinar... CURRENT WINDOW: ...One intel source aligns with Jan 5th. This week is still a possibility. . . Iraq is quiet... Budget: still expectations it will be in the Gazette this week. Irons in the fire yet to come that say progress.
1-5-2017 Intel Guru Dr. Clarke FYI, official funding outside the country for all exchanges, may begin next weekend of January 7, 8 & 9th, with the new substantially increased, adjusted rate value of the dinar, in Iraq. FYI, in our opinion. The Nor’easter has now passed thru...
1-4-2017 Intel/Newshound Guru Mnt Goat So much news on the “project to delete the zeros” recently. ...they told us recently there will be yet another phase implemented for this project and it will launch three new lower denominations and they plan to do it soon. We learn (and confirm) today that the merchants also know about this upcoming change and want it real bad. By launching the lower denominations they can begin paying their foreign obligations directly using dinar. But in the process the dinar must go international and must have some real value to compete with other foreign currencies.
1-4-2017 Intel Guru ADMINBILL Just received from contact. From WF: Zim Dinar Rupiah Rial Dong are off currency screen. Believed to be they are entering new rates. Waiting for additional confirmation. WF CURRENCY INFO HAS BEEN CONFIRMED BY ANOTHER SOURCE. YOUR BEST BET IS TO NOT SPECULATE WHAT BEING "OFF THE SCREEN" MEANS AT THIS POINT. LET'S SEE WHAT HAPPENS NEXT. IT MAY MEAN NOTHING OR IT MAY MEAN EVERYTHING.
1-4-2017 Intel/Newshound Guru Mnt Goat We were told the cabinet held its first session of 2017 on Tuesday, January 3 2017, headed by Dr. Haider al - Abab. So we know the parliament is not too far behind also as they told us they will hold their first session on Jan 7th. The legislative part of the government is getting back to work.
1-4-2017 Newshound Guru wmawhite They have laws that eventually need to be passed. However, none of those laws preclude a change in the value of the currency. Remember, nearly 21 months ago...March 3, 2015 the CBI announced that they had received the "green light" to move forward with the "Delete The Zeros Project." nothing about needing any laws passed...this event is in process...it is not a single event. Instead, it has many parts to it and the value change is only one part of the project that is needed up front.
1-4-2017 Intel Guru Bruce When it comes to Iraq...The budget for 2017 has been passed, been in the Gazette, been published, it is law...The rate is in the Gazette and they don’t want us to have it yet. It should be something positive for us to see Mosul come back. A lot of things from a very positive point of view going on in Iraq. I think the final part of the UN operational rate showing, the UN releasing Iraq of chapter 7 sanctions, currency known internationally. But the way they did pay back Kuwait, of around 5 billion dollars in newly revalued dinar. They had to have a rate settled in Iraq to do that. That did occur to our understanding. We are in a great position right now. [post 2 of 2]
1-4-2017 Intel Guru Bruce We thought it would happen by Christmas and New Year, and we still are here. Things are moving, but not happen for us yet. I been on the ride for 12 years, and I am used to somewhat of it not going the way we thought. Nobody can accurately predict the date we will be notified. Could there be a delay that could take us deeper into the month? Could be possible, but I don’t believe it is the intention. The information I been getting today pointing to something happening this week. Let’s hope that is the case. When we put out information look at it, weigh it, and see what you want to embrace. What I heard today is enlightening. [post 1 of 2....stay tuned]
1-4-2017 Newshound Guru Adam Montana I have a good feeling about 2017, and it's not because of a "feeling"... it's a direct result of having watched this thing like a hawk for a few long years and having compiled a "big picture" of where we are and where we need to go. Much of 2016 was hampered by ISIS. That's just a fact. There was no way Iraq could have successfully revalued their currency to a significant number with so many problems with ISIS. ...two articles this morning...about Iraq's resumed push into Mosul...both are positive about Iraq's current success and continued success. This WILL happen! My key focus towards the 2nd half of 2016 was HCL, and it continues to be HCL. Late December, Parliament set a specific date to start the "new" legislations for the year. That date was January 2, 2017, as in 2 days ago. Can anyone guess what legislation I'm excited to see? You bet! ...some of what Parliament covered on their first 2017 session...it's almost glaringly obvious that this will affect the HCL...
1-4-2017 Intel/Newshound Guru Mnt Goat So after some time {I believe when the revalued rate is high enough and prices in Iraq have adjusted}, they plan to then launch even more lower denominations that are of the even lower face value such as the 5, 10 and 25 denominations. Why wait? They are waiting for these notes since these notes would not be so beneficial until the marked market price of goods went down to match. Remember this too – I have said that we as investors may never even see this initial 1:1 rate at the banks since this will be the workings mostly of inner Iraq. When the rate does go international by this time it may be well within the range we as investors had hoped it would be 1:5+. [post 2 of 2]
1-4-2017 Intel/Newshound Guru Mnt Goat Article: "Deletion of zeros from the currency adds a monetary value" Quote: "The new dinars will reduce the ongoing cost of printing money. For example the new (25) dinars which will replace the 25 thousand dinars currency currently in circulation...". They are telling us that in Iraq a $25,000 note will be replaced by the new $25 lower denomination note. In the BEGINNING of the next phase of the process this is what they plan to do. In another article about the same timeframe they used this very same example to show us how within Iraq they will get the dinar in par 25k with the US dollar a 1:1 equaling $25 when the Iraqi citizens turn in these three zero notes. But we know this is only the beginning since once this is accomplished they plan to revalue their currency. ...This initial step, even though it may appear as a revaluation, is in fact nothing more than an adjustment for inflation. But indirectly this new $25 note will be worth now equal to $25 US dollars so in essence it is a significant increase in the value of the dinar. [post 1 of 2....stay tuned]
1-4-2016 Newshound Guru mike Article: "Central Iraq" supports the currency delete the "zeros" dinar" Kap's right [Guru Kaperoni], Iraq can reform the currency without moving to Article VIII. I will add though, it will not be a successful currency reform without Article VIII. Iraq is in Article XIV right now and the dinar is worth 10% less than the number printed on it, on any level that's terrible. It's just my opinion, but if Iraq tries to reform the dinar by unpegging from the dollar, free floating and not moving to Article VIII, the value will crater and drop to somewhere south of 1500-$1. If the dinar had any intrinisic value that supported it without the peg to the dollar and the auctions, we wouldn't have the street rate, or MCP, like we have today. Again, it's just an opinion. [reference Guru Kaperoni post 1-3-2017]
1-3-2017 Newshound Guru Kaperoni Article: "Central Iraq" supports the currency delete the "zeros" dinar" A couple of things... technically, Iraq does not need to be in Article VIII for currency reform. They can do that at anytime. ...it is clear that the intent is to float the dinar or gradually raise the dinar over time which will raise the value of the dinar and raise the zeros. The IMF made it very clear (referring to the Ballassa Samuelson Effect) in 2012, and the CBI stated just last year they plan to bring out a 50, 100, 200 early 2017. Both of these statements only make sense under the circumstances I am explaining. LOP's affect all notes at the same time, would not need 10 years to transition, would counter all statements made a few years ago by Saleh (the dinar will be held around the world for a very long time, etc), etc. etc.
1-3-2017 Intel/Newshound Guru Mnt Goat ...are there still hurdles to overcome and tasks they would like to accomplish prior to the RV? Yes – but I do not know if these tasks will in fact hold up the RV or not. My feelings are they will never have a perfect world and many of these tasks will be ongoing for many years to come anyhow even once the project to delete the zeros moves ahead again. It is my feeling they are at the point where they can not move forward with their economic and financial plans since they will need a viable currency to do so. So my feeling is Iraqi economy is now at a cross roads. It will never be the “perfect” set up. The IMF, the World Bank, the World Trade Organization along with a host of global consultants are working with Iraq to bring about the needed changes. Which way will they now go? There is only one way to go and why not? Since they prepared Iraq for this economic explosion (or as Abadi has stated and I quote “economic openness”) they must now move to the next step and get fully the global/international stage. What else does “economic openness” mean if not to go international?
1-3-2017 Newshound Guru mike We know, through transparency, rational and reliable sources why Iraq hasn't moved their currency forward, the IMF tells us at least twice a year: A) Eliminate Exchange Restrictions B) Control the MCP within a 2% band. No mystery here, these are very simple, easy to understand issues that Iraq can't or won't address so they can move the currency to Article VIII, which we'll need to have value added to the currency. Different principles apply to the economy, but they're just as easy to understand. If a country creates an economy where imports are purchased, demand for their currency will increase which causes the value of the currency to rise. Super simple. Iraq needs to move to an open market economy... IMO.
1-3-2017 Newshound Guru mike Iraq is definitely, opaque, irrational, unreliable and unpredictable. But, that's why there's a process, Iraq's not the only country in the world who's gone through this phase of dictatorship and sectarianism, that's why everyone has to conform to a certain set of standards, procedures and rules, it levels the field and offers transparent, rational, reliable and predictable activities. Do country's always follow the IMF/WB rules? Nope, and for that there are consequences. That's why we have the Article IV consultations, Treasury Dept. assistance and other groups helping Iraq. These tools clear up any minsconceptions...and allow us to see the true facts regarding Iraq's financial situation, which includes their currency.
1-3-2017 Intel Guru ADMINBILL ...I AM HOPING THE INFORMATION I RECEIVED YESTERDAY IS ACCURATE AND WE ARE NEARLY THERE. ONE OF THE REASONS I AM LEANING IN THAT DIRECTION IS THAT I WAS ALSO INFORMED THAT THE MAJOR CONTRACTS THAT ENDED ON THE 31ST WERE TAKEN CARE OF AS REQUIRED.
1-3-2017 Intel/Newshound Guru Mnt Goat Yes the country is making a great turn-around since post elections 2014. In retrospect over the last 2 years we witnessed all the new banking laws, reforms and other needed laws. But they had a security breach with ISIS and then the drop in oil prices. Combined these two factors decreased the countries revenues while at the same time increased their expenditures. This created a situation when in 2015 (a targeted date for the project to delete the zeros) they had to postpone the project once again. At this time they stated a timeframe when they would target the resumption of the project’s next phase. They told us in EALRY 2017. [post 3 of 3]
1-3-2017 Intel/Newshound Guru Mnt Goat Third: Iraq has not yet gotten out of the program rate and are still officially under sanctions even the war has been over now for 13 years. The plan (and this is in writing to prove it) was to get out of the program rate in 2008 (the first time they tried to revalue). But once the war over the, corruption, politically and security instability has not allowed them to progress. Had post war Iraq looked very different, had there been a more successful democratic government and security force established they probably would not have waited so long to implement this project of currency reform. So has the situation gotten any better?... [post 2 of 3....stay tuned]
1-3-2017 Intel/Newshound Guru Mnt Goat ...one more bit of evidence that the Iraqi dinar is NOT going to lop. [reference Guru Mnt Goat post 1-2-2017] Did you know that a lop is used as a tool. Yes – it is a special tool that IMF uses to consult with a country to help fight hyper-inflation. It is especially designed for this purpose. So is the currency of Iraq namely the three zero notes now hyper–inflated? Absolutely NOT! First: The inflation rate in Iraq is amazingly very low compared to other countries, Second: The currency of Iraq did not float to the hyper-inflated three zeros while on the international markets, instead it was suddenly and intentionally brought down to a “program rate” for purposes of fighting a war and taken off the international exchanges. This was to suppress the bad guys from using the Iraqi currency to buy weapons to fight the coalition forces against Saddam Hussein. [post 1 of 3....stay tuned]
1-3-2017 Newshound Guru rcookie Article: "Low monthly inflation rates and the annual report in November" Quote: "Hindawi said that "inflation index for the month of November last dropped by 0.7%, compared to October of last month,.." INFLATION DOWN 0.7% IN NOVEMBER FROM OCTOBER...AND DOWN 1% FROM NOVEMBER 2015... [And what did Shabibi say about inflation and monitiary reform?] IT IS THE DETERMINANT...
1-2-2017 Intel Guru RayRen98 I have been told that Abadi has blocked any Mosul news for the next 72 hours; I did see an article mentioned Mosul yesterday, and I don’t know when the 72 hours would be up. I’ve also heard about a press conference saying that 2017 will be a great year. Some of our trusted sources from three-letter agencies have been expanding on the information, and from that there is a good expect-ation for something this week. The sources say look for something to happen Tuesday or Wednesday. I don’t know if that will be the full-blown RV or not. I have learned that there is a ‘rhapsody’ database system that stems from the BIS (Bank of International Settlements) that all that banks use, I think. This database has been down since Friday, and we suspect this is for rate changes. We’ll see! [post 2 of 2]
1-2-2017 Intel Guru RayRen98 On Iraq’s side, no Budget in the Gazette as yet. We’ve been waiting 2-3 weeks for this to show up in the Gazette, based on what I was told. The only part that hasn’t held true is the timing on when it would be in the Gazette. We are also waiting to find out if what I was told would be in the Budget actually is. In some places, people are saying the lower denominations are NOT being widely distributed, but in other places we are told they are in the ATMs. [post 1 of 2....stay tuned]
1-2-2017 Intel/Newshound Guru Mnt Goat ...we know there is not going to be a lop for all the right reasons and reasons we can prove. So let’s go over these reasons now. 1) the CBI has directly told us and the fact that they have said that “the three zero notes will coincide with the new lower denominations for up to 10 years”. This in itself means no lop. 2) then they said it “would take 10 years for the transition to the new currency”. Does this sound like a lop? 3) these large three zero notes 1,000, 5,000, 25,000 and 50,000 notes would be “used for inter banking transactions” and the plan is “to retrieve them out of the hands of the average citizen and the market place”. Why would they need to retrieve them if this was going to be a lop? I just gave you three good reasons. There are many more. [post 2 of 2]
1-2-2017 Intel/Newshound Guru Mnt Goat When the CBI uses the term “project to delete the zeros” they do not literally mean to delete the zeros off the currency and to continue using the notes in the common circulation. Instead it means to replace (or delete) the 3 zeros notes from the common circulation with a set of notes that will be the notes going forward into the future. This is the replacement currency once out of the “program” rate. This is a well planned currency, a plan designed before they even started the war in 2003. [post 1 of 2....stay tuned]
1-2-2017 Newshound Guru mike If the CBI unpegged today without the legislative foundation, the dinar will crater and the only reason I know that is because the street rate is 10% less than face value of the currency as it exists today. Can you imagine what it will do if they unpeg from the stability of the dollar and the auction process? Unfortunately, after closely following these guys for five years or so, it's just more of the same that we've seen in the past. Empty statements without a process to fulfill them. My guess, if they could get the legislation and IMF stuff done in the first quarter of 2017, we might see a dime before the new year. [post 2 of 2]
1-2-2017 Newshound Guru mike Article: "Central Iraq" supports the currency delete the "zeros" dinar" If the process "starts" today, how long before one dinar is worth a dime? In order for the dinar to rise in value they need to be in Article VIII, that's getting rid of the MCP and exchange restrictions. After that, Iraq's economy has to shift to an open market so that exports other than oil are created so that there is demand for the dinar. By now we all know this isn't a switch that the CBI Governor throws and all of a sudden the dinar has more value, we need Parliament's involvement to create the atmosphere for the dinar to rise in value, not the other way around. [post 1 of 2....stay tuned]
1-2-2017 Intel Guru ADMINBILL LET'S HOPE THE DAY BRINGS US POSITIVE NEWS THAT WE CAN TAKE TO THE BANK SOON. WE ARE GETTING NEARER TO THE END BUT IT STILL MAY NOT HAPPEN BEFORE THE END OF THE MONTH FOR THE PUBLIC...
1-2-2017 Newshound Guru rcookie Article: "Economist suggests that the economic comprehensive methodology in 2017" Quote: "Economic adviser and banker Samir Nasiri suggested the establishment of a Higher Council for the Department of Economic Affairs..." HERES A BEAUTY!...FROM...NASIRI... CALLING FOR A HIGHER COUNCIL FOR DEPARTMENT OF ECONOMIC AFFAIRS...AND INCREASE IN PER CAPITA INCOME AND PURCHASING POWER FOR CITIZENS... AND WANTS TO...TO TRANSITION FROM A "HYBRID" ECONOMY TO A MARKET ECONOMY...IN ORDER TO ACHIEVE ITS NDP GOALS THROUGH 2030 AS OUTLINED IN THE CONSTITUTION ...AND DEVELOPMENT OF INTERNAL AND EXTERNAL TRADE TO BENEFIT ECONOMY...THEN FINISHES BY ADDING THE NEED TO RAISE PER CAPITA INCOME... PURCHASING POWER AND RAISE THE NATIONAL INCOME...(GDP)...WOW!...GREAT STUFF!
1-1-2017 Newshound Guru loop Quote: "...to facilitate measures to ensure that the ultimate beneficiary if an ordinary citizen or a merchant, and in a transparent manner requires that banks disclose the previous Khovatha and filter regulators Notes to control the dollar was trading movement locally and abroad Ohz would clean reputation Banking Iraqi abroad and the correspondent banks and thereby restore confidence sector Iraqi banking locally and internationally..." Why would they need to restore confidence in the international banking sector it they had no intentions on their currency being internationally recognized? [post 2 of 2]
1-1-2017 Newshound Guru loop Alak has been sending the same message and really has not moved away from it for well over a year now. He gave the green light to start the project to delete the zeros over the year ago. Well before that they they pull the 50s off the street. Ask yourself why would a worthless note need to be pulled. Because of the new 50 that they were planning on release IMO. THen they were white listed. There are so many bread crumbs that all point to the same thing. Here is one of Alak's more recent quotes: He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar. HUGE HUGE HUGE [and how do they accomplish that?] THe deletion of those pesky zeors is how. [post 1 of 2....stay tuned]
1-1-2017 Intel Guru Dr. Clarke FYI, official funding outside the country for all exchanges, may begin next weekend of January 7, 8 & 9th, with the new substantially increased, adjusted rate value of the dinar, in Iraq. FYI, in our opinion. The Nor'easter has now passed thru...
12-31-2016 Intel Guru ADMINBILL WE MAY STILL HAVE AN OPPORTUNITY TO SEE THE INITIAL PHASES OF THE RV/GCR BEGIN DURING THE FIRST WEEK OF JANUARY BUT IT IS HIGHLY UNLIKELY AT THIS POINT. LET ME MAKE A FEW POINTS NEXT WHICH ARE BASED UPON INFORMATION RECEIVED DURING THE PAST 96 HOURS...THIS INFORMATION IS PROVIDED FOR YOUR BENEFIT AND INTERPRETATION AND MAY NOT CONCUR WITH. USE YOUR OWN GOOD JUDGEMENT. SPECULATION FROM EARLIER THIS MONTH IS THAT THERE IS A NEED FOR THE COMPLETION TO BE DONE BY MIDNIGHT TONIGHT (UNKNOWN WHICH TIME ZONE) TO FULFILL CONTRACTS DATES. THIS DOES NOT MEAN IT WILL BE RELEASED. OTHER INFORMATION PASSED ON RELATES TO AN UNKNOWN FEDERAL TAX LAW THAT COMES INTO EFFECT AT MIDNIGHT TONIGHT (ASSUMING EASTERN TIME ZONE) WHICH PREVENTS A HEAVY TAX ON THE RV FUNDS. ANOTHER VIEW EXPECTS THE GENERAL PUBLIC TO BE ABLE TO EXCHANGE SOMETIME AFTER THE INAUGURATION. NO DEFINITE DAY.
12-31-2016 Newshound Guru Islandg1211 The original requirements in addition to 10,000 US troops, also included every one of the UNSC Chapter VII sanctions, Reconciliation, Fully Formed Government, HCL, and Amnesty Law. The IMF had their list of requirements, including the Budget. All of these requirements suddenly have articles and meetings addressing each one. This goes along with the CBI stating that they plan to come out with the lower denom's and begin the deletion of the three zeroes in early 2017 IF the conditions are right. IMO, they aren't even thinking about waiting 2-3 years to RV. Just get done with East Mosul, enter West Mosul and get Baghdadi - 3 months and it's done enough. [post 3 of 3]
12-31-2016 Newshound Guru Islandg1211 My last Iraq update was all about the fact that THE ORIGINAL PLAN FOR IRAQ IS BACK ON TRACK FOR 2017. I went through and reminded everyone what the Bush/UN plan included for Iraq. One of the requirements - not option - by the US, was that there would be 10,000 US troops permanently in Iraq. This deal is done. The U.S. never intended to pull completely out of Iraq. In my opinion, this is a very good sign for the timing of the RV to have comments made on the MSM [mainstream media ?] that the troops are staying. IMO, that statement covers two purposes: 1) the reality of "winning the peace" and 2) justify the original plan to keep US troops in Iraq. [post 2 of 3....stay tuned]
12-31-2016 Newshound Guru Islandg1211 [Oliver North was on Fox news last night said that it will take another 3 years to restore Mosul...] IMO, although, Ollie's, the Pentagon's, and Abadi's comments sound very different as to a time frame for the liberation of Mosul, they aren't. Ollie is saying 3 years. The Pentagon just said 2 years to get rid of ISIS in Iraq. Abadi said by the end of the year, but had to amend that to another 3 months. I'm estimating 3-6 months for Mosul. The difference of time frames is how one is defining "liberated" verses "secure from terrorist attacks." [post 1 of 3....stay tuned]
12-31-2016 Newshound/Intel Guru BGG [Can Iraq go international with their currency before the UNSC meets and officially releases the final two sanctions?] the assumption the "Iraq can GO international with their currency" is a flawed viewpoint. They need this international support to do such a thing. Where would Iraq be if no one is willing to accept whatever change they put forth? ...they will get to do what they get support (and guidance) to do...they succeed thus far - because they are listening and doing. [Hope the UNSC meets soon to provide the clearance.] The IMF and WB are much more important - the UNSC will be lucky if they exist in a year or two.
12-30-2016 Newshound Guru loop [Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late.] ...urgency is not what I am seeing. Remember that this is a plan and as it is unfolding the pace should pickup pace...its call momentum. Now that they got this ship point downstream things that they put into play 1 or 2 or more years ago will start bear fruit.
12-30-2016 Intel Guru RayRen98 [Can you reassure us that the Dong will be in the first basket.] No, although that is what I am expecting. [Can you give us a rate please?] The prevailing rate is about $50 per million, right now. What we look for it to be...for the longest time that was 47 cents, but for the last couple of days they have been saying two dollars and change. That sounds good to me!
12-30-2016 Newshound/Intel Guru BGG [Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late.] I don't know that "urgency" is in their vocabulary - but they are moving forward with "extreme prejudice". Much of this progress is highly likely the oversight of the IMF/WB at play - they say - Iraq does, IT WORKS. Good stuff.
12-30-2016 Intel Guru Frank26 [“Iraq has been telling us for about a year...the “MOOKLA” (beginning of the year)...that we would see some amazing changes/movement of their currency.”] You know very well that... [Guru] DELTA translates the articles that were confusing from the CBI…and... "Mookla” …the one key word he wanted me to tell you tonight…Mookla is not in the first quarter…not the middle of the first quarter...or the end of the first quarter...it is literally the start...January 1st 2017.
12-30-2016 Newshound Guru mike Article: "Iraq's higher gold reserves to 7.7% " Quote: "Iraq's reserves of gold remained stable and did not change, reaching 89.8 tons," explaining that "this amount represents 7.7% of its reserves of currency foreign, having represented 7.1% during the month of October. " I can't figure out if they're using metric tonnes or regular US tons, the value varies. Ton = $33,292,934.00 Metric tonne = $36,702,860.00. The best part...an accurate range of Iraq's reserves, somewhere between $39 and $43 billion. I remember when the panic crept in earlier this summer the CBI started backing up from the reported figures like we see here, they were trying to say it was around $50 billion, which we knew couldn't be right because of the report the GOI sent to the IMF with expected reserve totals at the end of 2016.
12-30-2016 Intel Guru Frank26 Kuwait seems to know what is going on with the last 2 remain issues. They want their money and their people...and they (Iraq) gave it to them. By this action...they have agreed to sign. ...Kuwait wants Iraq to RV...and that’s why they signed...! They want to use e-Dinars...they are invested in dinars. They want to do business with them on an international level. IMO...they are about to raise the value of their currency. The coalition forces will be happy. Even Israel has dinars...even Iran. Compared to other middle-east currencies...the IQD has not gone down in value...that is a masterful plan.
12-30-2016 Newshound/Intel Guru BGG [what are you most excited about lately?] All of it. Hard to pin my interest on any one thing...and maybe that is the exciting part - it isn't just one thing. It's the forward velocity on virtually all fronts. [top five?] 5) IMHO there is more to this comment by Abadi over Mosul taking 3 more months the other day... I really doubt that proves to be accurate... translation? Political posturing? Some kind of intentinal mislead? IDK - but it does seem at odds with most of his previous commentary. 4) The recovery of stolen monies by the GOI - big news. They are looking to put an end to the culture of corruption. 3) The passage of the J&A Law - HUGE piece...2) General forward velocity of all the Economic and Financial reforms going on right now - they are really building an economy - FAST. 1) Obviously - the statements by the current Gov of the CBI concerning their "beginning of 2017" timeline - HUGE!
12-29-2016 Intel Guru Frank26 We are right on track with the MR. More has been accomplished in December 2016 than the past years combined! All of these “agencies” that lined up all of the stars for them – incredible! The impact will be HUGE as they get this right...right now...it has to be perfect! What we are seeing...is impressing the living daylights out of us. Watch for Chapter 7 to be gone. Once they are out of Chapter 7...they are automatically into the IMF’s ARTICLE VIII...which means they have lifted the value of their currency...why else would Kuwait make a trip to Iraq? The #1 thing right now is to see the BUDGET! Don’t forget...the 31st...we might not see it until the 1st or so...but we’re looking for the IMF and the UN to make Chapter 7 official...looking for an “OFFICIAL RATE.” They (Kuwait)...what they are doing with IRAQ... that’s at an INTERNATIONAL LEVEL! It’s almost surreal what is going on.
12-29-2016 Newshound/Intel Guru Arthur Their holiday was supposed to be 60 days but has been trimmed to 20 days due to the importance of implementing the 2017 budget starting the next legislative session on Jan 2, 2016. During the beginning of this session they are scheduled to pass 50 plus laws including all the important laws we still need including the Federal and Accountability Law, and the all important HCL which will keep them on track and on schedule for full monetary reform early 2017.
12-29-2016 Intel Guru ADMINBILL HEARING THERE IS MOVEMENT AFOOT, WITH BANKER CONFIRMATION THAT CONTINUES TO BELIEVE BEFORE THE END OF 2016. I BELIEVE THE BANKERS BELIEVE, BUT I WOULD NOT CALL THE BANK FOR CONFIRMATION. WE ONLY HAVE UNTIL SATURDAY TO SEE IF THEY ARE CORRECT.
12-29-2016 Newshound/Intel Guru Arthur Contrary to popular belief, Iraq is still not completely out of all remaining sanctions. Among the remaining are the ones regarding their ongoing status with Kuwait. The Kuwaitis are still owed reparations and other concerns such as the reception of the bodies back to Kuwaiti soil. An historic meeting occurred today in which 4 important agreements were signed by the two countries which included the readiness of Iraq to supply Kuwait 200 million standard cubic feet of gas. We now await to see if this will be sufficient for the UN to move Iraq to chap VIII which would trigger the UST to give the CBI the green light to more forward with the monetary reform. At this time they are still on schedule for early 2017.
12-29-2016 Intel Guru Jester IF THEY LOP THE ZEROS AS THEY HAVE SAID ... WHICH I THINK THEY WILL...THEN EVERYONE WILL BE HAPPY WITH MAYBE 3-4 TIMES WHAT THEY PAID FOR AN INVESTMENT... NOT BAD REALLY... THE BANKS STILL LIKE TO HAVE THAT MONEY SO MAYBE THAT IS THE REASON THEY ARE STARTING TO TAKE DINAR AGAIN... IT'S STILL A LOT OF MONEY... NOT AS MUCH AS YOU LIKE... BUT STILL A LOT...TAKE THAT FOR WHAT IT'S WORTH... WHICH IS MY OPINION... BUT AN EDUCATED OPINION FROM SOME PRETTY GOOD SOURCES... [post 2 of 2]
12-29-2016 Intel Guru Jester IRAQ IS AN INDICATOR... AND THAT INDICATOR IS RUNNING OUT OF THINGS TO SEE... THEY ARE GETTING IN A BETTER PLACE... I STILL THINK THINGS MUST BE MORE STABLE THERE BEFORE THEY WILL BE TURNED LOOSE BUT THAT IS JUST MY OPINION... AS FAR AS THE RV...IT WILL NOT GO LIKE THEY ARE TELLING YOU IT WILL... ALL THIS 800 NUMBER BAZILLION DOLLAR STREET RATE IS NOT GOING TO HAPPEN...THERE IS NO REASON FOR IT... FOLLOW THE MONEY... WHY WOULD THEY DO THAT UNLESS THERE WAS SOMETHING IN IT FOR THEM? NO ONE OWES YOU... [post 1 of 2....stay tuned]
12-29-2016 Intel Guru Frank26 We told you on Monday...there was one issue...we were looking for the budget on the 31st...and that oil would need to see a certain number...in order to get to a rate. We were looking between 55, 56, and 57 dollars. It has now hit 56.65... Now...it’s maintaining itself...This is the FUEL for the 2017 budget. I think we are going to have a budget on December the 31st. They have never had a budget...this is extremely historical. The budget is executable with a program rate...but the budget must be funded. IMO – the BUDGET is FULLY FUNDED... IF it stays at a program rate...it is NOT fully funded. They need to apply this oil price to their budget and ACTIVATE it. If not, they have wasted 2016. There is no DATE or RATE ...the rate is solid NOW ...well calculated...but the DATE is a moving target. [post 2 of 2]
12-29-2016 Intel Guru Frank26 I strongly feel that the mission to do this...add value to their currency is happening in amazing strides...leaps... miraculous agreements. Finally we are seeing what we wanted to see. ...the prime and foreign ministers of Kuwait and Iraq met...BIG SMILES... What did they discuss? A “new era of mutual understanding...signed 4 strategic agreement(s) with Iraq with committee representatives...will play a major role of Iraq exiting Chapter VII.” They are working out their issues. They are NOW inside of Article VIII. [post 1 of 2....stay tuned]
12-29-2016 Intel/Newshound Guru Mnt Goat ...I can not say just how amazing this news was in the last couple days on this topic with Kuwait. ...yesterday they announced the preparatory meeting for the sixth session of the meetings with Kuwait Joint Ministerial Higher Committee...scheduled for today [Wednesday]. ...we know they held the meeting and it was successful. ...the IMF and Iraq seem to be cleaning up lose ends prior to pulling the trigger once again in EARLY 2017 to begin the project once again. They are just literally days away from Jan 2017. We know that this project is important because it is this project (and nothing else ...) that in FACT will lead us to the ultimate treasures that await us currency holders...the significant increase in the value of the Iraqi dinar. [post 3 of 3]
12-29-2016 Newshound Guru Breitling From what these guys are talking about, end of the year 2016 and there are a couple windows open for 2017. It’s very interesting that these guys are laying out the law with the banks, the way they are maneuvering around the auctions and other country’s currencies because they don’t want to compete. Those are the words I use cause I don’t want to hype it. …I want to make if very clear the US Treasury is in counsel capacity only. They are only there to give counsel, they are not financially vested to the dinar…that has no relevance on whether I invest in the Iraqi Dinar at all.
12-29-2016 Intel/Newshound Guru Mnt Goat Lots in the news all of a sudden about the Kuwait and Iraq relationship. Why now? ...we know by the press statement a few days ago that the only remaining item for Iraq, to get fully out of the 2003 sanctions, was to pay the war reparations owed to Kuwait. ...there will be no RV while Iraq is still in sanctions. All this recent news on this topic was very revealing since it...also confirmed...: 1) Iraq was not fully out of sanctions in June 2013 (maybe this is why the RV has been held up too) and 2) just how close we are to the RV. Kuwait is not concerned about the money Iraq owes them since instead they know in the long term will make so much more money in trade deals with Iraq. They know if they can assist Iraq in any way to regain their sovereignty then Iraq will progress onto the “international” stage that much sooner. [post 2 of 3....stay tuned]
12-29-2016 Intel/Newshound Guru Mnt Goat ...the news is literally pouring in from Iraq and moving so fast now. It is as if they are on a mission to meet a deadline of early January of something like that. It...shows us that Iraq definitely is about to move forward with their “economic explosion” (Abadi’s words not mine) in EARLY 2017. We know they can not do this without some real value placed on their currency. In other words they must delete the zeros and revalue it. [post 1 of 3....stay tuned]
12-28-2016 Newshound Guru loop Article: "Integrity court to prevent the theft of hundreds of billions and address the imbalance in the developed banking system" Quote: "...the judiciary turned to breaches in the system and the procedures taken against those responsible, whether thieves or corrupt officials." SOMEONE GOT CAUGHT WITH THIER HAND IN THE COOKIE JAR. HOW DID THEY CATCH THIS?... WITH THE ELECTRONIC CLEARING SYSTEM THAT WE HAVE BEEN HEARING ABOUT...MORE PROOF OF ACTION ON THE BANKING REFORM FRONT...
12-28-2916 Newshound/Intel Guru Frank26 Like a spider leg slowly probing what's in front of it before taking it to the mouth ...The Dow and Oil Prices cautiously approach levels of interest ... A Flag by A (Abadi) in the dead Center of Mosul would expedite many things in an LL (long line) very quickly .... IMO.... We will very soon. …[What are the chances they launch 2017 at the program rate...??? We would all have to go back to the drawing board…..] NO !!! !!! !!! ... We will NOT !!! !!! !!! The PR (Program Rate) can and more than likely will be in the 2017 Budget.
12-28-2016 Newshound/Intel Guru BGG [are the reserves still being depleted and if so isn't that still corruption which means they will hold up on the increase of the dinar until they get a handle on it?] That is the complaint - I wonder if some of that isn't internal partisan politics? Hard to say. However, I doubt this lasts long enough for any of that "arc" to matter.
12-28-2016 Newshound Guru MadDScout [When dose the next session of Parliament start?] Jan 7.
12-28-2016 Newshound Guru Frank26 I strongly believe what we do not see in 2016 will be revealed in the beginning days of 2017. Right now my teams and I are only looking for the release and activation of the 2017 budget that will review [reveal?] much.
12-28-2016 Newshound Guru Islandg1211 TODAY'S ARTICLES ARE EXACTLY ON POINT OF THE ORIGINAL PLAN FOR IRAQ, A PLAN WHICH INCLUDES GETTING THEIR CURRENCY OFF THE SANCTIONED RATE AND BACK ON FOREX. Finally, the 2017 Budget was passed by the GOI. (Not sure if it was signed by the president and printed in the Gazette to become law.) Citibank and other banks have just started selling and buying the Iraq Dinar again. Finally, the international corporations and investors wanted the RV and the reconstruction phase to start in order for them to make money in Iraq. An article today from the US State Department, states that Iraq is a good investment in the long run. [post 2 of 2]
12-28-2016 Newshound Guru Breitling ...That’s what the actions are…a tool for that. They’ve always planned on getting rid of the auction. They’ve always planned on adding value to the currency that you and I have. They’ve always planned on adding smaller denoms to the currency as the value goes up and then sooner or later getting rid of the currency you and I have. SIDE NOTE: if they were just going to add value to our currency and pretend there are no zeros on the notes that in itself would reduce the note count. They would not have to get rid of the physical notes like they’ve been doing. That’s how we know they are not going to LOP. They have not changed their minds and we’re only going by what they say. This is not an opinion. This is coming from the Ministry of Finance, Ministry of Planning and the CBI. [post 2 of 2]
12-28-2016 Newshound Guru Islandg1211 Although the GOI is on vacation until Jan. 10th, and the liberation of Mosul has stalled a bit, and it's the holidays, some great headlines and news articles are coming out of Iraq... Articles & Headlines: "Abadi stated today that he will finally submit resumes for his vacant Ministers spots" "UN stated today that Iraq was let out of almost all of the Chapter VII sanctions." "World Bank approved their loan to Iraq and stated that "Iraq is one of the richest countries in the world and shouldn't have any problem repaying their debts." Article today talked about the need to have a law ending the currency auctions. Article yesterday talked about finally passing the HCL law, along with other needed laws in the next GOI session... Another article featured the headline, "Iraq looks to Trump to complete the SBA." Yea! The article talked about the Marshall plan and the meetings with the new Trump folks to move Iraq into the next phase, from war to reconstruction. [post 1 of 2....stay tuned]
12-28-2016 Newshound Guru Breitling There is good news and it’s phenomenal. This is a mystery to me…something I have not been able to figure out. I don’t know when/if they start adding value to their currency at what point will they get rid of the auctions? It doesn’t matter for us…it really doesn’t. In the context this is not something you need to look out for because if they get rid of the auctions today then something is coming down the road. But if they start revaluing, start adding more and more value to the currency and the auctions don’t disappear…that’s just a way to manipulate the currency even more... [Post 1 of 2 stay tuned for the rest of the story]
12-28-2016 Intel Guru Bruce What else we know is 31st of December is New Years Eve, and it is the day the UN Operational rates suppose to show effectively. Will they change on the 29th which be Thursday or not show the change until the 31st? We don’t know that. On the 31st, the Vietnamese Dong and Iraqi Dinar, their rates are supposed to change and reflect that change. ...we should get a heads up pretty soon. We thought we would go last night. ...hopefully we are there now and ready. Intel is looking very strong. Not giving dates, but looking good for the end of the year. Set your goal for 2017. You should be excited right now for what we are about to embark on. [post 2 of 2]
12-28-2016 Intel Guru Bruce We did miss it for Christmas. I expected to exchange today [Tuesday]. I am feeling very good what I have heard the last few days. We are in a great place. Just hang in there a little bit longer. We would all like to celebrate New Years completely hydrated financially. With any success that would be our case. Things are popping behind the scenes, but they want to keep it quiet... for a reason. We heard Iraq is in a situation where they have one more thing to do...As of 4:15am today [Tuesday], they still needed to pay restitution and past debts that were owed to Kuwait. That was the one last thing besides showing an updated revalued rate they needed to do. That began this morning at 4:15am. My understanding is that was to be complete in 12 to 14 hours. The timing for this is now very close because Iraq took care of the last thing they needed to do to be released from chapter VII from the UN. That very last portion to show their rate internationally may have been done. [post 1 of 2....stay tuned]
12-27-2016 Intel Guru Frank26 IT IS NOT AN EVENT! DO NOT LOOK FOR A DATE! It is a progress of a progression that is leading you into the revaluation of their currency and they are doing in my opinion, an amazing, brilliant job! We told you that on December the 31st, we hoped that Iraq will show us their budget...and that we might see a rate before that. I believe that they will around the 31st. THAT IS MY OPINION. The IMF / United Nations / CBI / Abadi...in my opinion...are doing some amazing things. IT IS HAPPENING...IT’S COMING. If I knew the date, I’d...give it to you. I don’t know the date. [post 2 of 2]
12-27-2016 Intel Guru Frank26 Many of you were looking for the oil prices to go up, especially around Monday for it to be in the 60+ range. It's not ...is it? We told you it would be the fuel and the catalyst for the budget...to possibly release a rate before the 31st. It didn’t...did it? None of these things happened. Yet, ironically enough, an amazing amount of things DID happen. Iraq is going through a monetary reform of its currency. It is not visible...you are not allowed to see its steps. Iraq has been telling us for about a year...the “MOOKLA” (beginning of the year)...that we would see some amazing changes/movement of their currency. [post 1 of 2....stay tuned]
12-27-2016 Intel/Newshound Guru Mnt Goat Article quote: "that Iraq has fulfilled its commitment before the final decision regarding his release from under Chapter VII, as it was left only has complete compensation with neighboring Kuwait file." ...they are telling us the only commitment that was remaining is to pay Kuwait for war reparations. We know they agreed to do this once the revalue their currency as they would pay them with increased value of their currency once the rate increase. So whats going on here…hint...hint…hint…
12-27-2016 Newshound Guru rcookie Article: "Ministries offered a proposal to convert the salaries of its 3 employees to the electronic system" Quote: "A source in the banking sector, on Tuesday, that the three ministries have submitted applications to the Central Bank of Iraq to transfer their employees' salaries to the .electronic system..." 3 MINISTRIES (EDUCATION... JUSTICE... TRANSPORT) SALARIES BEING DISTRIBUTRD ELECTRONICALLY... THROUGH 7 BANKS...WOW!...CAN YOU SAY LIQUIDITY RELIEF...
12-27-2016 Newshound Guru Breitling …Bank of America has a seat on the auction floor and all these banks were buying dinar from Bank of America. And some of these banks I know where they’re actually storing it. So how is it they get to invest in it? How is it a good idea for them but not a good idea for us? Does that make sense to you? No. So don’t listen to the naysayers sitting behind a desk somewhere who don’t know anything about currency… All in itself, the ability to buy currency from Citibank is not a big deal. Remember I bought all my dinar from Chase Bank. So they just decided to sell it again. That’s all it is…nothing more. The information you need to stay focused on came out of Iraq from the CBI, from the Ministry of Finance and the Ministry of Planning on what they want to do with their banks so they can get to the next level…that’s very very good news and i hope you’re happy. [Post 2 of 2]
12-27-2016 Newshound/Intel Guru Arthur Along with all the requisite political and banking reforms, the equation was, is and always has been GOI + HCL = RV. With all the current proxy positions, rather the GOI is adequately complete for the UST is debatable but all indication are they are satisfied with the fulfillment of that variable of the equation. As for the HCL further progress is scheduled for Wednesday 12/28 after which we should be able to determine if there has been adequate progress to warrant a release of all remaining sanctions for Chap VIII and a subsequent rate increase necessary to satisfy the 2017 budget in Iraq... As of this post the PTB is still on schedule for early 2017.
12-27-2016 Newshound Guru Breitling …everyone is asking me about Citibank. Yes, Citibank is selling dinar again. The naysayers say it’s [owning dinar] illegal. Or the banks don’t want it. None of it’s true. It was disruptive to their [banks'] businesses. Remember there was a time when there were little old ladies calling these banks everyday and asking them did the dinar revalue. Every single day. It was such a huge epidemic that it was disrupting business. You literally had thousands and thousands of phone calls. I know this for a fact because I talked to some of the people who were in charge of the entire west coast at Bank of America and they specifically told me they were not going to sell dinar cause it’s disruptive to business…it wasn’t worth it to them. Having said that…they bought their own dinar. I promise you they did…especially Chase Bank…[Post 1 of 2 stay tuned for the rest of the story]
12-27-2016 Newshound Guru loop The CBI has indicated some kind of structural economic reform is on the horizon. I would really be surprised if they pegged the to the SDR. Ultimately I do not care how it happens. Just as long as some kind of value change happens.
12-27-2016 Intel/Newshound Guru Mnt Goat Article: "the importance of e-cash and its effect on increasing the money supply within the banking system" ...the e-dinar has many important reasons for its implementation. ...they went before parliament and got it approved to roll out to all provinces and are doing so. Simply put this is their solution to lack of liquidity in the banks. But...it does not stop there since there are audit traits to fight and catch corruption. ...we are seeing the process of the project to delete the zeros being implemented right in front of our noses. If you are not paying the salaries, pensions and other gov’t programs in cash then the CBI is not infusing the 3 zero notes back into circulation. Also the merchants, now hooked up to swipe their debit cards, eliminate cash dinars taken to the currency auctions. Instead they electronically use the e-dinar system to get dollars to pay for their imports. A complete audit trail.
12-26-2016 Newshound Guru Kaperoni Articles: "Iraq completed its commitment to one of the two resolutions to exit from Chapter VII" "Iraq, one step closer to leave Chapter VII of UN Charter" ...this move is a good thing. Unlikely Iraq would want to be fully out of UN Chapter VII without their own internationally convertible currency. Seems that this is coming together at the same time the banking reforms are being implimented with the help of the IMF.
12-26-2016 Newshound Guru firefly [come on Mr Fly make this RV happen.] She is coming my friend, make no mistake about it. IMO The meeting with Kuwait is just a formality! [I like many others have completely overlooked the chapter seven event...] Yes most folks have. I've been saying for many yrs that Iraq still has a couple of sanctions remaining...Specifically the Kuwait situation. The BIS and IMF could have given Iraq as many green lights as they want...but...it meant nothing till the final 2 sanctions were lifted. Only the UN could finalize it! Keep your eyes peeled to the UN! [reference Guru firefly post 12-25-16]
12-26-2016 Intel Guru RayRen98 It looks like Iraq and Kuwait are agreeing on some things and we should see the final results from that. Iraqi television show Abadi indicating progress on Mosul, or at least an accounting. Everything is leaning towards agreements with Kuwait on Wednesday, with exciting results. We are in a waiting game. Let’s see what this meeting on Wednesday between Iraq and Kuwait does for us. Few people doubt this will take place, we just can’t say when.
12-26-2016 Intel Guru Delta URGENT FROM IRAQI TV: CBI WILL TAKE NEW MEASURES TO REDUCE THE PRICE OF DOLLAR AND SUPPORT THE IQD AGAINST OTHER FOREIGN CURRENCIES IN THE NEXT FEW DAYS. NEW OFFICIAL RATE. WE WILL SEE...
12-26-2016 Newshound Guru Kaperoni Article: "Iraq has fulfilled the obligations of a decision to get out of Chapter VII" Quote: "...is noteworthy that the UN Security Council voted unanimously, in (June 27, 2013), resolution No. 2107 , which Iraq emerges in part from the provisions of Chapter VII of the Charter of the United Nations..." So there you have it. Back in 2013 when VP Biden chaired the UN meeting Iraq did not get out of Chapter VII as so many thought (I included). Apparently, the Oil-for-Food and Kuwaiti balance remained obstacles for complete removal. This apparently is now moving forward with a recent agreement to end the Oil-for-Food, leaving a $5 billion payment to Kuwait to end this once and for all. If so, currency reform may also be just around the corner.
12-26-2016 Intel/Newshound Guru Mnt Goat ...only 1 week remaining in December and the CBI has NOT yet postponed the project to delete the zeros. This by itself is good news. Will they postpone it again? We wait and watch in anticipation.
12-26-2016 Intel Guru Frank26 The IMF and the UN are making sure that all issues on oil are being dealt with right now before the end of 2016 and in my opinion for the budget on December 31 that also requires a new rate not to function but to be logical in its mathematical calculations.
12-25-2016 Newshound Guru firefly Article: "Compensation for the Kuwait last obstacle to Iraq out of Chapter VII" Quote: "Iraq has fulfilled the commitment before the final decision regarding his release from under Chapter VII, as it was left only has complete compensation with neighboring Kuwait file." Compensation for the Kuwait last obstacle to Iraq out of Chapter VII...So as we see, the upcoming meeting with Kuwait is very very big in regards to our investment! Per the UN. The UN is the only agency that can lift the final sanction. NOT the IMF, NOT the BIS, NOT the US teasury. The UN!
12-24-2016 Intel Guru RayRen98 Things have been somewhat quiet in Iraq these past few days...Banks are at an all-time high expectancy rate. Some Wells sources confirmed seeing a memo last Monday indicating RV and exchanges by Christmas...guess not now. LOL. We are now up to 6 banks buying/selling the IQD, Wells should be on board next week! International acceptance is no longer a concern for me, put a fork in this meat, it is DONE!
12-24-2016 Intel Guru Frank26 [...would you please explain why we are going to exchange our dinar instead of cash them in...] To cash them in would give you the value that they are now...to exchange them is because the exchange rate changed.
12-24-2016 Intel/Newshound Guru Backdoc THE TWO SHIA BROTHERS (Iraq and Iran) SHOULD BOTH DROP THEIR NUMBERS TOGETHER TO ADD VALUE AND BEGIN THE RACE TO FULL VALUE, WHICH WILL BE AFTER MARCH 20TH...! THESE ARE EXCITING TIMES! IT WAS NO MISTAKE THAT THESE TWO SHIA BROTHERS WOULD BEGIN "THE RACE" TOGETHER, BECAUSE WE REMEMBER "THE DEAL"! BY THE END OF MARCH TO MAY, WE WILL SEE MAXIMAL VALUE OCCUR! IT'S TIME NOW FOR OIL TO BEGIN A RUN. TODAY WE SEE THE NUMBER 1 PRODUCER, RUSSIA, SAY THEY WILL MAKE CUTS TO ACCOMPLISH THE GOAL OF RAISING PRICES. THE NEW REALITY WILL LAUNCH IN EARLY JANUARY POSSIBLY, BUT DON'T EXPECT THE FULL DIGITAL ASSET-BACKED REALITY TO BE FULLY VALUED AND SEATED IN PLACE TILL SPRING...IMO.
12-24-2016 Newshound/Intel Guru BGG ...if they keep on this development arc...they are on right now, that kind of security (a U.S. type environment) is achievable and it is in their future. If Iraq keeps going the way they are supposed to go and follow the IMF lead...it will be incredible. They will move forward VERY, VERY fast – THEY WILL MAKE DUBAI (The JEWEL of the Middle East) LOOK LIKE A CHARLIE BROWN CHRISTMAS TREE…
12-24-2016 Newshound Guru Kaperoni Iraq: First Review of the Three-Year Stand-By Arrangement and Financing Assurances Review Quote: "They are also working actively on rapidly removing remaining exchange restrictions and a multiple currency practice, in close cooperation with IMF staff." moving to Article VIII is important, And getting in compliance as soon as possible is very good news for us. We have to wait it out and watch...it is good to see the IMF is helping them get there.
12-23-2016 Newshound Guru firefly IMO there is nothing else but to be VERY excited...be prepared for some very impressive news releases this week. Just my opinion but I feel it will unpeg from the USD...And peg to the SDR...As Kuwait is. And like I've been saying for many years, the IQD will NOT float. ...a 1:1 IMO will not fill the void in the budget...3+ is what was refered to in 2012. I have not read anything official to counter that number. They have even more resources and reserves now than back in 2012. Remember...The IQD NEVER devalued, it was turned off due to sanctions! [the plan is coming to a conclusion just as planned.] I see no roadblocks yet, so ...if the plan continues as outlined ... something has to change 1st.
12-23-2016 Newshound Guru loop I would not be in it if I did not think it was going to happen. Iraq is a natural source powerhouse and their currency will reflect that. It's the when that drives people crazy.
12-23-2016 Intel Guru Dr. Clarke ...a handful of major banks in the U.S., suddenly and officially begin trading & exchanging the Iraq Dinar after Dec. 15th. Unofficially International? Why right now? ...foreign currency exchange laws, suddenly changed & enacted, on the commercial business side of the house. Why right now? ...Iraq's new Fiscal year officially begins, Jan. 1, 2017. ...Vietnam's new Fiscal year official begins, Jan. 1, 2017. Santa's BIG Question: "If you were going to pick a Date to shock & surprise the world, with one of the largest financial changes in history, that impacts and affects the entire world, by a very large degree...AND THAT DATE NEEDED TO BE AT THE MOST INCONSPICUOUS, UNSUSPECTING, MOST ILLOGICAL, MOST QUIET, AND MOST UNLIKELY TIME POSSIBLE...would you choose Christmas Day - December 25 or New Year's Eve - December 31, 2016? Friends, tis the Season...of Major Endings, and New Beginnings.
12-23-2016 Intel Guru Bruce Christmas day in Iraq is late Christmas Eve for us. Could we wake up to a special Christmas blessing? Could be. Could we have this before? Possibly. Could it be right around Christmas? Could be. Yes I think we are right where we need to be at the right time. Could it be the greatest Christmas you every had? Could be. Could it be post Christmas you ever had? I think it looks really good right now. ...the rates have been showing on the screens and are moving and trading upward...There is movement. I think they are trying to bring the rate of the Iraqi dinar up in the trading. There will be a target rate when it comes out to us. A rate we thought would be in the $6 to $8 range. I think that is where we probably will be in that range. [post 2 of 2]
12-23-2016 Intel Guru Bruce What is going on Iraq? Sunday is the first day of the business week in the Middle East in Iraq. Sunday is going to be an important day for the banks. For us and the rest of the world, we will have Christmas. However, Sunday in Iraq is a big day because the Lower Denominations are in the ATMs and in the banks, but they are not yet accessible. The people don’t have them yet. The ATMs are on lockdown. They are in the banks. What has to happen for the Lower Denominations to have value? It is called a rate. The rate for the dinar is in the budget. The budget has been passed, published in the Gazette, and the budget is already law. Can we see it yet? No not yet, not until the appointed time. Will Sunday be the special day of the Lower Denominations being available? Could be. Is it special because the rates of the Iraqi dinar will be seen visibly out and all to be celebrating and available? Quite possibly yes. [post 1 of 2....stay tuned]
12-23-2016 Newshound Guru wmawhite Article: "Babylon Bank calls its customers the implementation of foreign credits and remittances at the official rate" Quote: "Babylon Bank renews its call for the implementation of his customers his foreign credits and remittances and official rate of the Central Bank of Iraq." BINGO! This is what we are waiting for; implementation of foreign credits and remittances at the official rate. Paying their foreign bills with the IQD... currently all banks within Iraq settle all foreign credit and remittances in the USD...There also appears to be a movement within the banks to settle all foreign credits and remittances in the IQD...
12-23-2016 Intel Guru Frank26 IMO...the budget will be activated on the 31st. If they do...they will need a rate...somewhere between Dec 20-26...Then watch in the next 3 months the RV evolve into the float. They will end with a cap. They talk so much about a 1 to 1. The Minister of Planning and Finance talked about a rate back in 2012...which would have taken it to $3.86...but they weren’t ready. When they raise the rate...it will FLY ...and be controlled. It will be further controlled with a cap so that it doesn’t get out of hand like Kuwait...In Kuwait...it got up to $13...it got out of hand. In my opinion...once they reach that cap...it will be allowed to grow past that. Immediately after the RV starts (released)...it will start the process of calculations of the IQD...calculate for at least 3 months.
12-23-2016 Newshound Guru 1bobby [With the IQD in US banks. Does that take the IQD out of the exotic currency list?] Nope an exotic currency deals with the trading speeds/elements of the currency. Kuwait is still an exotic due to it's trading factor. Just them tracking it says a lot. That's not saying the IQD is "in the banks" just an electronic tracking. Now some banks still sell it but this deals with tracking a "buy sell rate" [I have some that I would like to trade quickly, at a revalued rate of course.] I think we'll all be dealing with that issue soon.
12-23-2016 Newshound Guru Kaperoni [there's a reason all of the govt or CBI issued reports outline plans for 2016 or 2017 through to 2020.] All of Iraq's forecasts are done in 5 year increments. I have stated several times, currency reform is a priority for a market economy. The forecasts are all inclusive to achieve the goal of a vibrant market economy, not 5 years to currency reform. In fact, currency reform/international convertibility is absolutely required before investors will come into Iraq to build a private sector/market economy. Therefore, I continue to believe we will see the reforms begin very shortly so they can achieve the success and growth of the economy to meet the forecast timeframes.
12-22-2016 Newshound Guru 1bobby I'd say the complete liberation of Mosul would be nice but not necessary. The budget should take place the 1st of January and will be interesting to see it's implementation. The budget does not hinge on Mosul being liberated. Now when they speak of the Natl Reconciliation, everything hinges on the liberation of Mosul...But...they are taking the steps as far as support for that to be approved and implemented once Mosul takes place.
12-22-2016 Newshound Guru loop Article: "Oil exceeds the threshold of $ 55" I was reading through the IMF’s SBA 1st review with Iraq and saw that they calculated that every dollar over the $42.00 budgeted amount for a barrel of oil would equate to 1.4 billion dollars more revenue. Not the 1 billion that some Iraqis have been quoted saying. If oil continues to trade at these levels their windfall will be in the neighborhood of 18.2 billion dollars. [No doubt, oil will help stabilize their economy, but non oil revenue will become as one aritcle said an explosion of possibilities in the near future.] I agree. Once the private sector gets rolling oil will not be as big a threat to their economic stability. Diversification is the key and with their nature resources their will be an economic force to be reckoned with.
12-22-2016 Intel/Newshound Guru Mnt Goat So, this approval is geared more towards the movement of the Iraqi dinar from article 14 to article 8 of the UN charter under mandates for member nations. This is, of course, terrific news for Iraqi currency investors. Article 8 means to operate under “international” constraints and Iraq now has new obligations under Article 8. They have proven worthy of this move. So logically the currency is now more available to the banking system and is now showing up in many banks. Remember also banks can refuse to trade in any currency if they chose to do so. So not all banks may now have the Iraqi dinar. The Iraqi dinar may now be international but the rate we all expected is not yet shown. This is exactly rolling out like so many good people have told you... this roll out would be slow and gradual. Not before Christmas or before the new year but in EARLY 2017! [post 2 of 2]
12-22-2016 Intel/Newshound Guru Mnt Goat THE REVALUATION OF THE IRAQI DINAR HAS NOT HAPPENED! The country of Iraq is still mandated to use the provisional rate as dictated by the CBI. This rate is subjected to the market rate of about 1180 – 1300 dinars to the US dollar. Okay so a few banks are now selling and buying the Iraqi dinar once again in the western countries. I do not yet see it in Europe. Legally they could have resumed trading the Iraq dinar since June 2013 (when Iraq was lifted from many sanctions)... This is also based on the successes against ISIS and the recent statements made by the IMF over the success of the SBA reform progress. [post 1 of 2....stay tuned]
12-22-2016 Newshound/Intel Guru Bluedog Article: "Rasheed announced stopping operations of deposit and withdrawal of savings accounts as of Sunday" WHAT A FIND IF TRUE IT'S GOLDEN...
12-22-2016 Intel/Newshound Guru Backdoc SINCE PRESIDENT MASUM RECEIVED THE BUDGET WITH CHANGES ON THE 18th IT BECOMES LAW EVEN WITHOUT HIS SIGNATURE WITHIN 15 DAYS. I'M GLAD ITS ALREADY SIGNED. INTERESTING THAT 15 DAYS TAKES US TO JAN. 2 nd! JUST AS FRANK [Guru Frank26] SAYS THIS IS PRECISION TIMING. BLACK GOLD, MARKETS REACHING A MILESTONE, AND CONTRACTS WHICH MAKE THE BUDGET NUMBERS WORK. THIS IS NOW DOWN TO TIMING. LET'S ALL ENJOY THE PROCESS FROM LAUNCH TO THE REAL VALUE AFTER MARCH 20 th. [post 2 of 2]
12-22-2016 Intel/Newshound Guru Backdoc I'M WATCHING OIL VERY CLOSELY...I KEEP THINKING OF THE ISX BEING CLOSED FROM THE END OF THE TRADING DAY ON MONDAY THE 27th! I THINK ITS LIKELY THE WINDOW COULD START AT THAT POINT UNLESS THEY CONTINUE TO BLOCK INTERNATIONAL STOCK TRADES UNTIL THE NEW YEAR. IF AN INTERNATIONAL RATE OCCURRED PRIOR TO THE 28th STOCKS WOULD HAVE TO BE BLOCKED FROM TRADING INTERNATIONALLY IF THEIR PLAN IS TO IMPLEMENT ON JANUARY 1st RIGHT? [post 1 of 2....stay tuned]
12-22-2016 Intel Guru Frank26 IMO...they are completing the RI ...and I believe in all honesty this happened this past week. When the RI occurred this last week...Iraq was taken out of “time-out” and brought back into the International Club. I believe that the “float” for the IQD started a long time ago. IMO ...based on the numbers we are calculating ...it will be before Christmas...many banks that are now selling the IQD...IMO...the banks in the USA are ready or are in position to exchange the IQD at whatever rate it wants to be. ...CitiBank...they said they are not exchanging the IQD yet...but the guy on the phone said they are waiting for an update on the rate. Again...there will be no fanfare... This week is an interesting week. [post 3 of 3]
12-22-2016 Intel Guru Frank26 There is another set of numbers...(total of 3 by the way). These numbers will deal with the budget paying its bills / loans. It is part of a float ...but the float will catapult the price of oil even further. The 1st numbers will deal with the debt/deficit that they have. The 2nd set of numbers will pay for their bills. Neither of these numbers have been reached ...yet. The number of the oil in the contract is what matters. The 1st set of numbers should be in the budget at 1 to 1...(for 3 months)...The float that goes into the 2nd set of numbers (that goes into the contracts). The 3rd set of number...(towards the end of 3 months)...these deal with the numbers that are CAPPED. ...as oil floats...the rate will also float. [post 2 of 3....stay tuned]
12-22-2016 Intel Guru Frank26 The 2017 budget is signed...but if it’s not fueled properly...it won’t accomplish anything. The usage of its OWN currency in needed. ...historically...and for the first time it is signed and ready to launch based on certain numbers. ...we have calculated the numbers that are necessary that must be in the budget. The price of OIL is not the only factor...but IMO...is the LARGEST factor ...the oil prices in December will climb to around 60...and in 3 months ...around March 2017...we should see it in 100 to 120 range...then in the summer it will go back down around 60. The budget needs to maintain itself somewhere around 60... this number is what we are looking for with Brent and WTI oil. This budget is very close to being released. Calculations are to the point to where the budget is going to work. The number we came up with...IOO...will maintain the 1 to 1 rate. [post 1 of 3....stay tuned]
12-22-2016 Intel/Newshound Guru Mnt Goat We know that Vietnam had a 5 year moratorium put on their currency as penalty for money laundering for China. This was done around 2011. Then they signed up for with the IMF much like Iraq is now experiencing in its SBA. They have made great progress and are moving forward very quickly. In fact it is almost unbelievable what progress they too have made. They too, like Iraq, are under the IMF “sustainability” reforms. Do you know the Dong almost revalued in the past to a significant amount, but due to corruption was held back. So like Iraq this period is coming to an end as the needed financial reforms are kicking in.
12-22-2016 Intel Guru ADMINBILL SOME FEEL, WITH BANKING CONNECTIONS THAT IT IS ANY MOMENT...STILL OTHERS BELIEVE BY FRIDAY IS NOT DOABLE….. THE 26TH AND BEYOND BEING MORE REALISTIC.
12-22-2016 Newshound Guru Aggiedad77 This is all solely my opinion...but I got to thinking about the price of oil...the $60/barrel price is key...the reason so...IMO...is that the $60 price is Brent Crude price...it is always...always higher priced than the Iraqi oil will be per barrel...So at $60/barrel Brent...break-even maybe...hopefully for the Iraqi budget...above that point...gravy rolling in for the Iraqi's...sure we pay more at the pump as it goes up...but this is an instance where I wouldn't mind that if it brings on an RV for the world...again all IMO.
12-21-2016 Intel Guru RayRen98 Everything in Iraq looking extremely well and moving right along. On Monday two banks were now buying and selling dinar. Rates not favorable but capability was there. This was a 180 degree turn. A powerful thing to happen for what we were looking for. An International traded currency. That needed to take place. Now, just looking for the value to change. This is a strong indication. Now five banks and possibly six banks. We’ve checked and rechecked these five banks. CURRENT WINDOW: They (banks) have information circulating to them to be ready to exchange customers before Christmas...If it’s not by Christmas...I expect it one or two days after. We waited for it to be International. For all intents and purposes that is done. Now we are waiting on the rates.
12-21-2016 Newshound Guru Adam Montana Now, of that 30 trillion in "cash" that is floating around, how much of that is held by people who are wanted for crimes? How much of it is simply "lost", out of the country, held in a safe somewhere and simply will not be able to be cashed, before the large notes are declared "dead"? I think it stands to reason that an EASY 50% of that number will simply vanish and not have any influence on what the CBI is liable for during the "Cash In" phase. There is a lot more to say about it, but that's a good starting point. Bottom line for me is that "cash" number doesn't concern me at all. [post 2 of 2]
12-21-2016 Newshound Guru Adam Montana [I have seen many articles stating that there is about 30 Trillion dinar in chunky cash (under the mattress) inside Iraq. How is possible for the CBI to increase the dinar exchange rate with 30Trillion dinars inside Iraq?] That figure gets thrown around a lot, but there's no way to prove or know WHO has that physical cash or WHERE it actually is... regardless, I can put that worry to rest VERY quickly. How much of that money is in large bills? A LOT. And how quickly could the CBI declare large notes NULL and VOID? It could easily be done in 30 days. [post 1 of 2....stay tuned]
12-21-2016 Newshound Guru loop Article quote: "the Central Bank of Iraq has performed over the past year more than the actions taken for (13) years past in terms of procedures and regulations set by the central bank." HUGE STATEMENT...Second time an outside advisor has said that they are taking care of business and working overtime.
12-21-2016 Newshound Guru Adam Montana Article: "World Bank Iraq describes a world's richest nations on earth" Even though there's no RV to report, I sure do love it when we get reminded that Iraq is truly one of the wealthiest countries in the world, their currency just needs to catch up...
12-21-2016 Newshound Guru loop (new guru) Article: "World Bank Iraq describes a world's richest nations on earth" Quotes: "Description of the World Bank, Iraq "one of the richest countries in the world on the face of the earth." "Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts." Who said this? Middle East director of the World Bank Farid Belhaj..."BOOM" HUGE STATEMENT. I cannot recall a time where an official representative of the World Bank has come out with a statement like this...HUGE HUGE HUGE.
12-21-2016 Intel Guru Bruce Iraq been done. Their LD been out in the provinces. They have made a lot of progress. Some of the story has to do with the information of the liberation of Mosul which we understand is liberated now. For some reason they haven’t really put that out on the news. I understand that probably will change here pretty quickly. Some things were done to sort of level the playing field with the rest of the Tier 1 banks other than Wells Fargo in this country. Also the other banks got the opportunity to work with their existing customer bases on some currency. They had some buy and sell opportunities with the Dinar. I believe our little slight wait we have right now has to do with trading the dinar and getting that currency and possibly the Dong up a bit higher before it is revealed to us.
12-21-2016 Intel Guru Frank26 The IMF worked very, very hard with Iraq to maintain their numbers, MCP and to remove their restrictions on their currency to become internationally accepted. If banks are now selling the IQD...how long does the UST expect the American banks to hold-on to this basically worthless currency? Smells very strong of an RV...doesn’t it? To show NO RESTRICTIONS...means Article 8 have evaporated. All they need to do is raise the value of their currency. IMO – this year...2016. My new time line is the 20th to the 26th of this month. With the budget coming out to the internationally world by December 31st...IMO – the US Treasury is very happy...hence why the IQD is being made available in the American banks. I see international compliance...accepted before the RV of their currency...(that’s the RI). ...IMO...they have completed the RI! IMO...it is the RV that is next. There was no announcement of these American banks with the IQD? (no memo) Very few knew about it. No announcements. It just happens. So will the RV.
12-20-2016 Intel/Newshound Guru Mnt Goat I bring you great news today. NO!, not a date or a rate for the RV but news that points us to the timeframe of EARLY 2017 and the importance of this period. It is all playing out as the news is leading us to it just as the CBI told us would. Financial analysts and economists are explaining the importance that monetary policy and fiscal policy for a privatization of their economy. Something really BIG is about to happen in 2017. They are telling us this change is being implemented NOW and not years down the road as they are NOW creating this environment suitable and appropriate to shift from the public sector to the private sector. In order to make this shift they need STABILITY... NO! The battle for Mosul is not yet over...But it won’t be long from now.
12-20-2016 Newshound Guru Kaperoni Article: "Iraq's former finance minister loses appeal against 'unconstitutional' removal" Quote: "Iraq’s former Finance Minister Hoshyar Zebari has lost an appeal at the country's federal court against his removal as minister by the parliament which he called unconstitutional." This is really to bad.
12-20-2016 Intel Guru Frank26 The 3rd largest bank in America is called CitiBank. They made a bold move on Friday...CitiBank was again selling the IQD. Remember the UST told them awhile back they couldn’t sell it...but now the UST has turned to the 3rd largest bank in America. The UST gave them (Citi) a green-light...told them they could BUY and SELL the IQD again. That is SO BIG!!! IOO – this only means that the restrictions of the IQD have been lifted. Citi is in business to make money. How can you make money with a program rate? IMO – many more banks will be given these orders as the days go by.
12-20-2016 Intel Guru ADMINBILL ...THE LATEST BIT OF INFO IS UP TO 48 HOURS FROM 1500 ET MONDAY. EITHER IS WILL OR IT WON'T. WE HAVE NO CONTROL.
12-20-2016 Newshound Guru mike Article: "Parliamentary investment: central bank reserves fall to $ 40 billion" At this rate, the CBI will win and Iraq will lose. The Shia majority will/have not charged, prosecuted and convicted anyone who isn't Sunni or Kurd. Following the historical loss of reserves, Iraq will be financially insolvent by the end of 2018. Candidly, it may already be too late, moving to an open market economy with the supporting legislation takes time, hopefully there's enough time left for Iraq to save itself. [reference Guru Kaperoni post 12-19-2016]
12-20-2016 Intel Guru RayRen98 Some of the budget has been published but not what we are looking for. Why not, it’s a mystery. I have been given reassurances that what we are seeking is there, just not visible yet...told a long time ago, new value would be reflected in the budget...from the calculations. We’re waiting for it to show up in the Gazette. It is to go in effect January 1, 2017... If Mosul had any impact on it, you can see that is no longer an issue. For all intent and purposes, even though no announcement, I’m going to say this currency is International! Just over the weekend we learned four banks that at one time told you, “not touching (Iraqi dinar) with a 10 foot pole,” now buying and selling. Like they never, ever told you “we are not dealing with that currency and never will.” The rate right now is not the significant thing. It is they are now participating in it. For all intents and purposes, no matter how you slice, dice or flip it, this baby is done.
12-19-2016 Newshound Guru Kaperoni Article: "Parliamentary investment: central bank reserves fall to $ 40 billion " It's a game of chicken between the CBI and IMF. The IMF won't let the CBI advance the banking system until they follow the directives, yet the CBI cannot stop the corruption which is depleting the reserves. Who will win?
12-19-2016 Intel Guru Jester THEY HAVE A PLAN...AND AS I ALWAYS SAY... THEY ARE WORKING THROUGH THE PROCESS...THE WORD I HAVE IS MID JANUARY... DO NOT HOLD ME TO THAT... THAT IS JUST WHAT I AM GETTING RIGHT NOW...IT WILL STILL TAKE A BIT OF TIME TO GET ALL THIS MOVING THROUGH THE SYSTEM... IT IS NOT GOING TO BE A PUSH BUTTON..
12-19-2016 Intel Guru ADMINBILL LOOK FOR MOST MAJOR BANKS TO FOLLOW THE LEAD OF CITIBANK STARTING WITH CHASE OR WELLS FARGO. WATCH THE ACTION BEGIN IN THE EARLY MORNING HOURS AND ONWARD. THIS IS NOT THE RV...YET. BUT THE WHEELS ARE TURNING. WILL IT BE THIS MONTH OR JANUARY. BASEL 3 IS ALREADY IN PLAY. ASSET-BACKED MEANS VERIFIABLE ASSETS LIKE BLACK GOLD, YELLOW GOLD, AND OTHER PRECIOUS MINERALS, AS WELL AS FOREIGN CURRENCIES AND BONDS THAT SUPPORT A COUNTRIES' CURRENCY VALUE. BASEL 4 IS ALSO COMING. THE NEW DIGITAL REALITY WILL BE EASIER TO SUSTAIN VALUE DUE TO LESS CASH AND SUPPOSED CORRUPTION.
12-19-2016 Intel/Newshound Guru tman23 The IQD to revalue at a rate that includes 3 zero notes at exchange NEEDS to be backed by somebody other than Iraq... Simply put...Iraq does not have the money to pay out exchanging 3 zero notes at a high revalue...Because Iraq does not have trillions to pay out exchanging high value 3 zero notes...countries are going to hold them in their currency basket...keep in mind most the big banks are public held and on the stock exchange...Not one of them is going to risk holding a toxic currency from an unstable region for any amount of time...UNless the UST guarantees the bank to cover that said currency...REALITY remains the same...They are lifting the 3 zeros beginning 2017 and the guess is still on going on how that affects the value of the 3 zero notes we hold...
12-19-2016 Newshound Guru Aggiedad77 Article: "Parliamentary Finance: Iraqi dinar will be the danger of 2017" Quote: "The financial and economic policy of the central government of the Central Bank of Iraq is considered politically incorrect in the local market," stressing that "the Iraqi dinar will be in danger of the year 2017, the government and the central bank did not change their policies towards the local currency." [IMO...it sounds like this committee dude is looking and calling for a change in the value of the dinar...like equal to the dollar maybe...he trying to tell us something?] ...agreement...it's coming...the BEST is yet to come.
12-19-2016 Newshound/Intel Guru BGG [What's up with the RV?] If you want to know about timing...listen to what Allaq with the CBI said...he said the Monetary Reform process would start in the early part of 2017...so the 1st quarter of 2017 is what the governor of the CBI says is when they will start the process.
12-18-2016 Newshound Guru firefly Article: "Balutiqh..omanh Cabinet declares its non-stop government appointments" Quote: "...the adoption of all the records of the Ministry ratified by competent minister until the date of 31.12.2016, and the Ministry of Finance to complete all the procedures, including deletion and development." to complete all the procedures, including deletion and development. [now that looks pretty exciting...so by Dec 31st?] Ya think? Thats what many articls are saying in print...
12-18-2016 Intel Guru Dr. Clarke Since the very beginning of 2016 in our earliest posts in January ...we said with full conviction, that 2016 is the year that, Iraq would substantially raise the RATE & VALUE of their Dinar, and become full Internationally tradable & exchangeable outside their country, worldwide. Throughout the year, we threw in some dates, as possible timelines, that within this year, this MAY have happened, based on the circumstances at those particular times. ...we indicated “3 Plans” or date projections, as possibilities, according to the “PLAN”...HOWEVER, we’ve ALWAYS SAID FROM THE VERY BEGINNING, back to January 2016, In our view, opinion & belief, that we would NOT get out of 2016, without this happening. 2016 WAS and IS the Year.
12-18-2016 Intel Guru ADMINBILL YESTERDAY WAS ANOTHER QUIET DAY ALTHOUGH MUCH IS BEING ACCOMPLISHED IN IRAQ. IN MY OPINION IRAQ WILL MYSTERIOUSLY HAVE EVERYTHING COMPLETED WHEN THE TIME IS APPROPRIATE. IT IS MY UNDERSTANDING THAT THE REQUIREMENTS TO MEET THE AGREEMENTS NECESSARY FOR THE 20TH HAVE BEEN MET. AGAIN THIS INFORMATION IS SPECULATIVE AND MUCH OF IT CANNOT BE PROVEN TO BE TRUE SO USE DISCERNMENT... AND REMEMBER, MEETING THIS GOAL DOES NOT NECESSITATE THE IMMEDIATE RELEASE TO THE RV/GCR. WE MAY STILL BE LOOKING FOR JANUARY. I REMAIN HOPEFUL FOR THIS WEEK BUT WILL NOT BE SURPRISED IF 2016 IS IN THE REAR VIEW MIRROR WHEN IT ARRIVES.
12-18-2016 Newshound Guru Islandg1211 "THE IMF RELEASES ANOTHER $618 MILLION LOAN TO IRAQ" This article summarizes the meeting that resulted in the IMF releasing the loan installment even though Iraq did not meet all of their expectations. THE RV WAS NOT TIED TO IRAQ GETTING THE LOAN INSTALLMENTS. I was right that: 1 – The IMF would give them the loan without an RV. 2 – That the GOI would pass the Budget...but no other laws...nor vote in cabinet...and would leave for a month vacation.
12-18-2016 Intel Guru Frank26 Article: "Sources to Baghdad Post: Military operations in Mosul come to end" Quote: "The military operations in Mosul have come to an end, security sources told The Baghdad Post. The sources pointed out that a police reshuffle is imminent after Haider al Abadi visited the operations headquarters earlier." We told You...From the 18th into the 19th ...A [Abadi] would release sometime of importance with the MR. Today ...The SECURITY for the MR. IMO...There will be more tomorrow.
12-18-2016 Intel Guru Dr. Clarke DONG holders...: “It’s the same status - at ANY time”...but it’s really close, and in conjunction with Iraq’s ISIS security status, and worldwide. ...back in the summer, we posted an article out of VN that stated very specifically they would maintain and adjust the rate of the Dong, within market conditions, THROUGHOUT THE END OF THE YEAR 2016. That article had significant importance...
12-18-2016 Newshound Guru Kaperoni Article: "Parliamentary Finance: most of the banks in Iraq do not apply the principle of "know your customer" Changing CBI governors is not something we want... Each time this occurs, it weakens the currency, investor confidence, citizen confidence and slows down monetary policy. Abadi more than likely is getting guidence from the IMF and World Bank on how Allaq is doing. The fact that he is still in place tells me he is doing his job, and moving reforms along as laid out in the various agreements. The last sentence...to a World Bank document...is clear when referring to the removal of Shabibi...i will paraphrase...no matter who is the CBI governor, the plan is moving forward. [reference Guru mike post 12-17-2016]
12-17-20216 Intel Guru Dr. Clarke Right now, it is a much higher probability that they will NOT come out right away, as International, but will move up the rate substantially. In our opinion, It will be a rate increase FIRST, then a few days later, the International status will take place. We think there is a higher probability of this happening BEFORE Dec. 25th, than After - that is, becoming INTERNATIONAL status and able to exchange outside the country before Dec. 25th...if you choose. IN ANY EVENT, IN ANY EVENT, IN ANY EVENT - WE VERY STRONGLY BELIEVE, that Iraq will have substantially increased the rate & value of the Dinar publicly & officially countrywide, AND Officially become INTERNATIONAL in status, ON OR BEFORE DECEMBER 31, 2016. [post 3 of 3]
12-17-20216 Intel Guru Dr. Clarke NOW, as of Right Now, in our view, we think this is how things are about Happen: Who cares about the 2017 Budget, as long as they at least substantially raise the rate and value of the Dinar, perhaps even without being International - YET? We believe they will make a new substantially increased & valued, Dinar Rate Official, sometime between TONIGHT (Sat. 17th) and TOMORROW night (Sun. 18th U.S. EST time, Monday Iraq time). We also believe that, it may be until this THURSDAY, Dec. 22nd, before they make, the Dinar officially INTERNATIONAL in status, and thus exchangeable outside the country...this Entire Week should accomplish ALL of this, in our view. [post 2 of 3....stay tuned]
12-17-20216 Intel Guru Dr. Clarke Over the past 3 weeks, we’ve very emphatically, and specifically, posted that between December 15-31, 2016, in our opinion, we will see Iraq publicly approve their 2017 Budget...and to also publicly, officially and substantially raise the Rate & Value of the Dinar by announcing it AND printing it - AND SOMETIME DURING THIS SAME 2 WEEK PERIOD 15th - 31st, publicly and officially making the Iraq Dinar INTERNATIONAL in status, being tradable and exchangeable OUTSIDE the Country of Iraq, worldwide. [post 1 of 3....stay tuned]
12-17-2016 Newshound Guru mike Article: "Parliamentary Finance: most of the banks in Iraq do not apply the principle of "know your customer" Here we are, the end of 2016 and we've read, literally, hundreds of articles about the auction process and how corrupt it is. ...This isn't a theory, this is the reality of Iraq. How do I know this? Because the reserves have dropped from roughly $80 billion to somewhere around $40 billion in three years. Why hasn't Abadi made a move on Keywords? What's stopping him? He's obviously and clearly failing at his job, banks still, after two years of passing the law, don't know who their customers are. The street rate is now over 10% from face value and the reserves are dwindling. What other conclusion can you come to than he's a part of the Shia process of holding Iraq back from moving forward and fully engaging the western financial markets and creating the environment for the open market economy. Abadi, as Prime Minister, is also turning a blind eye towards the banking and economic laws, we have very little progress on that so far and he's two years into his term. Without a doubt, Abadi is part of the problem, and that's not an opinion, there's plenty of proof to support that.
12-17-2016 Intel Guru ADMINBILL THIS IS WHAT I HAVE BEEN ADVISED: THIS WEEKEND IS VERY HOT FOR RV POTENTIAL...MY OPINION REMAINS THAT...THE ABOVE MAY BE ACCURATE BUT I WILL FOCUS THE 20TH AND THEN ON JANUARY... WHAT WOULD YOU THINK IF SOMEONE AT A POLITICAL FUNCTION HAD THE OPPORTUNITY TO SHAKE HANDS WITH POTUS AND ASKED HIM, WHEN IT WAS HER TURN, "WHEN WILL WE SEE THE RV?" TO WHICH HE REPLIED "YOU ARE A SMART LADY. SOON."? [...do you know the lady that asked?] SHE WAS AT A MEETING SPONSORED BY ONE OF OUR MEMBERS AND A FORMER HOST SO I DO NOT DOUBT THE VALIDITY OF THE STATEMENT.
12-17-2016 Newshound Guru 1bobby Article: "Member of the Finance Parliamentary: 2017 Moismh positive cause to activate the financial realities and the private sector" ACTIVATE ACTIVATE ACTIVATE the Private Sector! Once again that phrase dominates the publishing of the 2017 budget. How could we not be excited about this budget? Too many people out there saying "Big deal, just another budget" Seriously?
12-17-2016 Intel Guru RayRen98 Some expectation about the budget over the weekend...hearing Sunday the budget will be published in the Gazette. We were told, many, many months ago...the rate was in the budget...If new rate is in the budget or they are going to implement it Jan 1...we should be seeing it between now and Jan. 1.
12-17-2016 Newshound Guru 1bobby "There is nothing negative in this budget" With oil priced at $42 pbl, 2017 will be a cash cow for Iraq. Abadi stated in an interview "According to our own calculations, I think that the rise in oil prices, every one dollar for a barrel of oil will add one billion dollars to our budget. So, I think we will have more by cutting the production and increasing the price." Oil is their collateral for supporting the private sector and other non oil revenues for sure.
12-17-2016 Newshound Guru Adam Montana [Have you had the opportunity to read the first review of the three-year (2016-2019) Stand-by Arrangement by the IMF. Do we have to wait till 2019 for an increase of the dinar exchange rate?] Well, I certainly hope not! I don't see why they need that much time. Things have started moving faster over the last year. If the situation had not changed in the manner that it has, then maybe we'd be looking at another 3 years. But I do see things ramping up and moving faster, and it doesn't need to stretch out that long.
12-16-2016 Newshound Guru 1bobby Article: "Parliamentary Finance: the general budget and provided guarantees to rally public and clans and staff of Kurdistan and to support private sector" What a great article! Paragraph by paragraph shows us steps that will be taken to ensure a strong viable Iraq and a happy us. Notice how in almost every budget related article that transparency with the Kurds is prominent? The kicker to this one is that Iraq is tired of exiting monies, they now want monies entering Iraq via investment projects thru Global Banks. WOOT WOOT!! Again Baghdad will be in charge, but the Provinces will now have the go ahead with large investment opportunities which will lead to small businesses thriving.
12-16-2016 Intel Guru ADMINBILL TODAY STARTS THE WINDOW OF "NECESSITY" THAT SOURCES HAVE MENTIONED MUST BE DEALT WITH TO ACCESS CERTAIN ASSETS TO COMPLETE THE PROCESS. I WILL LEAVE MY WINDOW THROUGH JANUARY OPEN WITH A PRAYER FOR US ALL THAT THIS TRULY IS THE END.
12-16-2016 Intel Guru Delta Finally ...the ATM’s...unlike the old ATM’s ...the new ones will take the LD’s. If they don’t increase the value...give an incentive to the citizens...they won’t get the currency off of the street. The CBI will increase the value BEFORE they introduce the LD’s. We are really close. My humble opinion...we should see the rate moving BEFORE the end of the year because the CBI told us so. This plan was set a long time ago...before Shabibi...all part of the plan. The CBI’s intention...is to raise the IQD to its former glory ...they are talking about over $3...but they said that will take a little time... This is their goal, but they have to start somewhere. The rate has to move...sometime this year...based on what the CBI told us. All good news...all positive news! The CBI is really very quiet right now...and that is a good indication that they will do something. Watch for the next 24-48 hours...something is up... We are waiting to see something official. [post 3 of 3]
12-16-2016 Intel Guru Delta Next...the IMF...Looks like good news...they lifted the restrictions from the exchange rate. ...because they are not Article 8...they can’t go with a program rate. They need currency reform. They have no choice. Currency reform must take place in order for them to go international. Investors must be able to move money into dinars...and now by lifting the IMF restrictions, they will be able too. ...Alak says they are not going to float the currency. He is stating he is going to lift the restrictions from the exchange rate...free float is not really in their plans. [post 2 of 3....stay tuned]
12-16-2016 Intel Guru Delta the Iraqi constitution does NOT allow Parliament to add any kind of articles to the budget – they can either refuse it, or sent it back to modify things they don’t like – they CANNOT ADD to it! ...there was a lot of discussions, arguments and basically every group in parliament wanted to add something...so they added 10-15 new articles. They approved the budget and they basically sent it to the President...he is supposed to sign it...and then it goes into the Gazette. But a lot in the government and the Kurds didn’t like it...but Abadi did something very smart. The government is not going to refuse it. They are going to wait until the budget is published in the Gazette...the added articles shouldn’t interfere with the budget...and the things they don’t like...they are going to the supreme court to fight ONLY THOSE ARTICLES. But if those articles are ok...and they won’t cost them more money...they’ll let it go and pass it. For Abadi...it’s a WIN-WIN situation. As soon as it’s in the Gazette...it’s basically law ...taking effect in January. [post 1 of 3....stay tuned]
12-16-2016 Newshound Guru MadDScout Article: "Parliament will vote on the federal budget for 2017" This is the after report on the vote in parliament. This is just a way different budget (IMO) than we have seen in budgets of the past. None of them had the kind of "Activate the private sector" talk that seems to be a part of this one. Especially if you know that, what we as investors are waiting on is the activation in full of all reforms. Many of these are in various states of completion. Some being done, some waiting on certain parameters to be met ( i.e. budget vote? Complete GOI? <<(IMO)) With the signing off agency being the IMF. So for those who feel this can drag on just remember, they are being directed and guided by IMF and for IMF to sign off, they need accomplish those things stipulated.
12-16-2016 Intel Guru Frank26 Will they finish the budget? HECK YES! ...Abadi is moving things on to resolve the budget so not to cause a delay. Anything can flip within a few hours. It’s going to happen! Abadi has made it clear. We will have a budget this year. I believe that budget needs a new rate. So...FLOAT or FIXED RATE? It’s a process of many steps...but we are past 1st base ...we are rounding 3rd base...heading into a home-run. Don’t be looking for an announcement or celebrations on the street. It’s a process NOT an event. It will be a process...the RI into a RV... [post 3 of 3]
12-16-2016 Intel Guru Frank26 I’ve said...GIVE ME MOSUL and you’ll see the MR [Monetary Reform]? Do you think they have Mosul? I wouldn’t say 100%...but do they have enough to proclaim that it’s basically liberated. ...it’s going very well. Syria and Iraq’s borders are secure. Mosul will bring security for the MR. Abadi is going to give you Mosul family...and the budget of 2017. The budget wasn’t passed...they added things that was unconstitutional... can’t go any further without the budget...The IMF review...part of it was HUGE for the MR ...it said that they lifted the restrictions of the exchange rate – but they have to wait for the budget. The HCL...which is in the BUDGET...is not done yet...and won’t be until the budget is done...they’ve been given a specific amount of time to get it done... [post 2 of 3....stay tuned]
12-16-2016 Intel Guru Frank26 ...we told you there was a time period...The 11th, 12, and the 13th...we felt there would be some meetings. The MEETINGS...very big...people from all over the world. Based on those who went there...(guesstimate)...it was a very good meeting. IMO – Abadi was at those meetings. The UST and the IMF and UN were definitely were there. They did a lot of work in these meetings about the MR of their currency. I do believe that they have decided on a RATE and a DATE...I believe that they have a TARGET. I do not talk to you about the 15th to the 31st...because it may not take that long ...IMO. I believe they are pushing for 2016. [post 1 of 3....stay tuned]
12-15-2016 Newshound Guru Adam Montana Here's the short and skinny. 1. Good news surrounding the HCL lately. Is it going to happen before the new year? I have no idea, but good HCL news is good HCL news! 2. More good news on the progress in Mosul. I still can't believe the MSM isn't making a bigger deal out of this, but they are what they are. Things are going well there, and that's what we need. Go Iraq! 3. The CBI seems to be talking more about the exchange rate lately, which is exactly what I expect before they finally make a big change. My suggestion is to not believe a word they are saying, but instead pay attention to the simple fact that they are discussing it.
12-15-2016 Newshound Guru wmawhite Giving value to the IQD will also give the Iraqi citizen "purchasing power AND reduce the demand for the USD." Are laws needed. Yes, but with out value to the IQD none of the private sector growth will ever occur. We have always thought, because we were told by certain self proclaimed experts, that it was investors first followed by economic growth followed by a rise in the IQD. Sorry! That is AXX Backwards. If the value in the IQD does not occur up front all of the above will not take place. The Iraqi citizens need purchasing power. Look at what Alak stated (above). [post 2 of 2]
12-15-2016 Newshound Guru wmawhite ...this is the ever evolving discussion about how best to control the value of the IQD "on the street". Currently, the auctions are used for that purpose. it has been a failure. Now, everybody has an opinion about how best to do it. However, the Governor of the CBI just last week told the world how it will be accomplished; "He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar." Reducing the demand is giving value to the IQD so that all of those goods being bought with the USD is now bought with the IQD. Giving value comes from the CBI in advance, prior, before, all of these foreign investors. Not after! [post 1 of 2....stay tuned]
12-15-2016 Newshound Guru Kaperoni ...there is an article ...that does not sit well. CBI News. The article to me seems to be implying the CBI should just introduce a whole new currency at a 1 to $1 exchange rate. Which would not benefit current dinar holders. Not what the IMF nor the CBI have stated was in the plan. Not to mention a new currency with a random exchange rate would fail. I see this article as just another attempt to avoid what they should be doing. Like so often, Iraq tries shortcuts. There are no shortcuts. The IMF has clearly stated the plan for the dinar, it does not include a new currency. New lower denominations yes, but not a new currency. The issuance of a new currency would be counter productive for Iraq, especially with a few trillion dinar already circulated around world.
12-15-2016 Intel Guru Frank26 IMO...The Potential for them to complete the MR in 2016 is Conceivable to ...Plausible. [...if I hold the 500 note...no Kurdish language on them...will they still be good? I know [Guru] Delta said the 500 note would be the largest note after the three zeros are gone.] Yes ...They said co-exist up to 10 years.
12-15-2016 Intel Guru ADMINBILL TODAY STARTS THE WINDOW OF "NECESSITY" THAT SOURCES HAVE MENTIONED MUST BE DEALT WITH TO ACCESS CERTAIN ASSETS TO COMPLETE THE PROCESS.
LET'S SEE IF IT IS FACTUAL OR ANOTHER "LINE IN THE SAND" THAT IS ONCE AGAIN IGNORED OR IS MORE NONSENSE. I WILL LEAVE MY WINDOW THROUGH JANUARY OPEN WITH A PRAYER FOR US ALL THAT THIS TRULY IS THE END. Based upon the information and activities that has been coming in the past few weeks, that have elevated in recent days, I think that we may actually see action sooner rather than later.
12-15-2016 Newshound Guru firefly Quote: "Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains two exchange restrictions and one multiple currency practice (MCP) subject to Fund approval under Article VIII, Sections 2(a) and 3..." Straight from the IMF. ...talking past tense! no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2... Wow, wow, wow!!! [awesome news.] Yes it is. I see no hold ups whatsoever to date.
12-15-2016 Newshound Guru firefly [...i still do see how we all think that jan 2017 may be a change in the value...] If the project to remove the zeros begins as planned in early January 2017 wouldn't it logically need a change in rate 1st?
12-14-2016 Newshound Guru My Ladies AND I JUST WANT TO POINT OUT WHAT THE SDR BASKET IS AS PER THE IMF...THE BASKET IS EVALUATED EVERY FIVE YEARS AND WILL NOT BE EVALUATED AGAIN UNTIL 2020. THERE ARE ONLY 5 CURRENCIES IN THE BASKET AND THEIR VALUE IS DETERMINED DAILY... IRAQ IS AN ORIGINAL MEMBER OF THE IMF SINCE DECEMBER OF 1945 AND THEY PAY A QUOTA TO THE IMF JUST LIKE OTHER MEMBERS DO WHICH ALLOWS THEM TO BORROW AGAINST THEIR ACCOUNTS BUT THEY WILL NOT BE GETTING ADDED TO THE SDR BASKET AND NEITHER WILL ANY OTHER EMERGING OR FRONTIER ECONOMIES THIS IS A VERY COMMON MISUNDERSTANDING. [post 2 of 2]
12-14-2016 Newshound Guru My Ladies WHEN TALKING ABOUT THE REQUIREMENTS THAT IRAQ HAS AGREED TO IN THEIR LETTER OF INTENT TO THE IMF TO OBTAIN THEIR SBA LOAN...I WANTED TO POINT OUT THAT THEY DO NOT NEED TO DROP THIS PEG IN ORDER TO COME TO THE INTERNATIONAL MARKET...CURRENTLY IRAQ IS UNDER A STABILIZED AGREEMENT WITH A DOLLAR PEG. THAT MEANS IT IS ACTUALLY A DE FACTO PEG AS DEFINED BY THE IMF...EVERY CURRENCY NEEDS TO EXCHANGE AGAINST SOMETHING...SO THIS IS WHY THEY ARE COMMITTING TO THE DOLLAR PEG.. [post 1 of 2....stay tuned]
12-14-2016 Intel/Newshound Guru Mnt Goat Quote: "Steps to strengthen the legal framework of the CBI, remove exchange restrictions and implement AML/CFT measures are welcome. They will help to improve the integration of the domestic financial system into the global economy." Yes, you read this correct. They did say “integration of the domestic financial system in the “global” economy”. We all know by now what this, in part, means... Remember... Recently... the CBI came out and stated that they had tried to delete the three zeroes before in 2011, 2013, and 2015, but were delayed and plan on beginning the projects the first part of 2017...Three attempts that failed... hopefully, 2017 finally going through. [post 2 of 2]
12-14-2016 Intel/Newshound Guru Mnt Goat "IMF Executive Board Completes First Review of Iraq’s Stand-By Arrangement" Quote: "The Executive Board of the International Monetary Fund (IMF) today completed the first review of Iraq’s three-year Stand-By Arrangement (SBA), which is designed to support Iraq’s economic reform program and restore fiscal balance over the medium term." ...we still see proof that they need to move to an international market place. ...they will have to get off the peg if they move their currency international. Very important to remember that Iraq is still NOT in the SDR basket of currencies and are still pegged to the US dollar (for now…) ...my take [my opinion only]...is they MUST move their dinar international and allow it to circulate outside of Iraq if they are EVER going to grow the private sector in the way they keep telling us they want do. [post 1 of 2....stay tuned]
12-14-2016 Intel Guru ADMINBILL GOOD MORNING WXXXX AND SHIPS AT SEA BECAUSE IT APPEARS WE ARE PREPARING TO TIE UP TO THE PIER. I BELIEVE IT IS SAFE TO SAY THAT THE POLAR EXPRESS IS ABOUT READY TO PULL INTO THE STATION AND OKIE'S [GURU OKIE_OIL_MAN] PLANE HAS LANDED AND TAXING INTO THE TERMINAL. KEEP A SHARP EYE OUT FOR THE EXIT SIGN. [Wow, have we ever been this close?] NOT IF THE INFORMATION WE ARE HEARING IS ACCURATE. WE MAY ACTUALLY SEE A GREEN CHRISTMAS. I WILL SUBMIT THAT SOMETIME IN JANUARY IS STILL A POSSIBILITY BUT NO LONGER LIKELY.
12-14-2016 Intel Guru Bruce In terms of Iraq everything has been done in Iraq that needed to be done. They have the lower denominations put out and dispersed in ATM Bank machines, in banks and provinces. Have their rates been known Internationally yet? I don’t believe so. They talked about it, and lower denominations are in. That is all good. Their QI cards are charged up at a rate that is very good. I do believe things are in process. We are very close of the start of this blessing for us. We are in a situation we can go anytime. We are literally waiting for the release for everything to go. We will have an incredible Christmas and New Years. [post 2 of 2]
12-14-2016 Intel Guru Bruce Did anyone see the Operational United Nations site or check it today? The 13th is when the Operations rates suppose to be posted if there are any changes in them. The date it suppose to take effect is on the 15th. It is called the midmonth report. Today there was a note that there would be no mid month change of Operational rates. We had months were there was no change in the middle of the month, but not have a note say there will be a change on the 29th of December and effective 31 of December. They have never announced that as I just said. What does that tell us? The fact there is no middle of the month operational rate change tells me they want any rates we may see in the first basket currency be kept private. Kept quiet and not be out yet. [post 1 of 2....stay tuned]
12-13-2016 Newshound Guru Kaperoni Iraq: First Review of the Three-Year Stand-By Arrangement and Financing Assurances Review [Looks like from this article the IMF wants them to stay on the peg indefinitely until oil prices go up and ISIS is gone. They speak of Iraq being committed.] Until the conditions are created, I would expect so. That means until laws are passed and investors begin to come into Iraq we are at status quo.
12-13-2016 Intel Guru Frank26 ...on the 5th of December there was a meeting with the list of (agencies, etc) -- 3 letter agencies. All those agencies agreed on the 5th...IMO...to finish the budget and lift the rate of their currency. If the CBI was not so ready too...then the budget would not be so important. The budget is bringing them all together ...HISTORICAL! I believe they are shooting for that TARGET DATE...and it’s coming!
12-13-2016 Intel Guru RayRen98 [I need some clarification...and the general consensus is that this is Iraq’s call...is this Iraq’s party?] I’m sure it’s a collaborative effort between the US, Iraq, the UN and IMF and others. I think that a lot of us don’t understand that we are small fish in this deal; there are bigger fish to fry. Most of us have never been involved in something this big. There is much more going on here than the average person looks at or can understand if they are not involved in big decisions. The UN changes their rate sheet on the 1st and 15th of every month, so it might come out on the 15th because of that, or there might be other indicators that I don’t know.
12-13-2016 Newshound Guru Islandg1211 NOTHING, NOTHING, NOTHING...THEN SOMETHING! Recently...the CBI came out and stated that they had tried to delete the three zeroes before in 2011, 2013, and 2015, but were delayed and plan on beginning the projects the first part of 2017...Three attempts that failed...hopefully, 2017 finally going through.
12-13-2016 Intel Guru Frank26 Why did Exxon pull out of Kurdistan? Look at the front page of the Wall Street Journal. Why would a mega company pull out of Kurdistan? They know we have SECURITY. Maybe it was because of the BUDGET...they are in the process of lifting the 3 zeros...which they want to do by 2017. I believe that TODAY...there was a meeting to continue that same thought. They did so good with everything else. They caught them...RED-HANDED... corruption will be dealt with! We don’t give a damn about a date! We know that the blessing is coming! [post 2 of 2]
12-13-2016 Intel Guru Frank26 As far as the budget goes...Abadi is challenging the budget...they made a big mistake...(they meaning the ministers)... they misappropriated funds from the budget...and some were arrested. It is unconstitutional to make changes to the budget. Abadi saw that...and stopped it. The COM did not approve the budget. This budget...according to Abadi...will not be good until the council passes it. IMO – (and my Team)...the budget is only 1 to 2% away from being complete. In the past...if the GOI found a way to cheat someone (not a part of their tribe) – they would rip them off...but NOT now...things are changing. [post 1 of 2....stay tuned]
12-13-2016 Intel Guru RayRen98 All I’m looking for is the date because that is the only thing I can take action on. I already know that it’s done... I care about rates and dates, nothing else. We already know this is real. Iraqis in the US are using their cards and telling me that the calculations on their card come out to $3.71 – that’s real to me. When people are in Iraq or have just left Iraq and they have seen the value has changed in this area of that – that information is real to me. It’s a done deal; it’s over. We just don’t know the release date. Everything else is beyond our control. We are waiting, but not for long. So I like hearing the bankers saying the 15th, or between Christmas and New Year.
12-13-2016 Newshound Guru Kaperoni Article: "Is Iraq heading to float the dinar against the dollar?!" Quote: "...and these expectations (float Iraqi dinar) does not have any credibility at all and can not be done during the current year (despite the economic benefits), and the reasons for not float the currency back to the nature of the local economy being a rentier which means that he relies on oil exports..." This guy is right, they can't float the dinar at this time. Until the laws are passed and the market economy is started, investors begin to come into Iraq.
12-12-2016 Intel Guru Jester HERE'S THE DEAL...IT APPEARS AS IF EVERYONE THINKS THAT SOMEONE IS TRYING TO "PUSH" THIS THROUGH AGAINST SOME FORM OR RESISTANCE...AND THAT IS NOT THE CASE...THEY HAVE A PLAN... IT IS ALL WORKED OUT... AND THEY ARE WORKING TOWARD THE END GAME...
12-12-2016 Intel Guru RayRen98 Did we think we would still be here today? Yes, there was a possibility, but we might not be in a few more days – at least that is the thought. Iraqi television is still saying the same things, worded a bit differently. When we get to the bottom line, where are we? Most are saying the 15th...Everybody is definitely saying before the first of the year. It’s a wait and see ride before the last stretch. We are at the end, and the roller coaster is coming in to a stop.
12-12-2016 Intel/Newshound Guru Mnt Goat Remember it may not start at the value you all want (i.e 1 dinar to 1 US dollar on exchange). A significant increase means many different things to many different people. But think of this- when the CBI does make a move shortly it will FINALLY be a move in the direction we want no matter what...the rate is. YES FINALLY! We know that the CBI governor has said “the Iraq dinar will rise to it pervious glory days”. So during these next couple weeks I FULLY expect yet more of the re-education campaign by the CBI to teach the citizens what is about to happen. They still have not gone through all the details yet to the public. This will be our queue that we are yet even closer. Let’s all watch for these signs. [post 2 of 2]
12-12-2016 Intel/Newshound Guru Mnt Goat There is nothing but good news today to report. This means NOTHING negative stopping or postponing the CBI efforts in going forward in EARLY next year with the “project to delete the zeros...we should feel confident that we will see some movement very soon in the Iraqi dinar value. We are told we can expect some significant change in the currency value in the coming near future as in EARLY 2017. [post 1 of 2....stay tuned]
12-12-2016 Intel/Newshound Guru Mnt Goat The liberation of Mosul is going according to plan...and Iraqi forces expect to have control of the city within the timeline set out by Prime Minister Haider al-Abadi, who has said he wants to see the city free of ISIS by the end of this year. Then we see yet more news from Ammar al – Hakim....he now heads up the National Alliance, of which the Dowa party if only a part of but the largest party. I believe he is keeping Maliki at bay. So this week he said that "national reconciliation project is a strategic plan chosen to bring Iraqis under one umbrella." I believe the timing of this article in not coincidental and it is because the completion of Mosul liberation is imminent and they told us they want to target the rollout of the national reconciliation project with this event. They have told us they plan to implement this project following the liberation of Mosul. ...all this news is almost unbelievable as we watch and wait each day. We are getting VERY close to EARLY 2017 and so hang in there more great things are coming…
12-12-2016 Newshound Guru BGG "Ministerial council looking reinforcement provided by NATO to support Iraq contracts" NATO support... [They have come a long way in terms of professionalism and quality of individual...] They want "International acceptance" and support - this is exactly how they get it. ...they are on the road to restoration. Let's hope sooner than later. All indicator seem to point to something being "up"...
12-11-2016 Intel/Newshound Guru Mnt Goat I want to note also that yesterday the Ministry of Labour and Social Affairs of Iraq announced the issuance of more than 75,000 smart cards. So the citizens are moving towards having bank accounts as this is mandatory now if they want to get paid anything from the government i.e. pensions, salaries, etc. Why is this so good for us and our investment? Because this will create the needed liquidity in the banks which is a part of the banking reforms required by the IMF. [post 2 of 2]
12-11-2016 Intel/Newshound Guru Mnt Goat Recently we have read many articles as we witnessed the ability of the ATM machine to finally coming online (not yet filled with currency), the ability of the banks to electronically communicate with each other (electronic banking), and the ability to have a CREDIT system tracking each citizens credit rating and the ability of banks to provide credit based loans. This was and still is all very good and heading in the right direction. If fact these banking reforms are all happening now so fast that if you blink you might miss them. [post 1 of 2....stay tuned]
12-11-2016 Newshound Guru firefly IMO Iraq has only one chance to get this right. Once they implement the reform there is no turning back. They need to come out with absolutely no mistakes. So is this a delay or ...
12-11-2016 Intel Guru ADMINBILL DO YOU HEAR WHAT I HEAR? DO YOU HEAR WHAT I HEAR? SAID THE NIGHT WIND TO THE SHEPHERD BOY...THE WHAT IF'S CONTINUE...WHAT IF I SAID ALL CURRENCIES ARE PLANNED TO ROLL OUT BEFORE THE 20TH? WHAT IF I SAID IT IS HIGHLY LIKELY YOU WILL INDEED HAVE A VERY MERRY CHRISTMAS?
12-11-2016 Newshound Guru wmawhite Read this carefully, it is from a recent statement from the CBI: "noting that " the central bank began the first steps of the project through the selection of designs, companies and the country that will be done Print currencies. "He noted that" the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years..." "the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years," Now hear this! Your "ancient coins (translation... currency/notes)" ...in other words...your 25,000 IQD notes will always be 25,000 IQD notes. Eventually...as the larger notes are withdrawn from the marketplace...smaller notes will be needed because the price of goods will decrease, and such notes as the 25 IQD will be commonplace.
12-11-2016 Intel/Newshound Guru Mnt Goat First I am still hearing that early 2017 is the time frame to launch the 50, 100 and 200 notes. Why is this so important? These notes are on the list of the “new” lower denominations and must have some value and we know in order to do this there must be some kind of substantial rate increase very close to the dollar. Otherwise why would they bother spending large sums to design, print and launch these new notes?
12-10-2016 Newshound Guru firefly [just hoping this time its really gonna happen.] It IS happening before our very eyes...NOBODY knows the Date ,,,, it will just happen one morning when you wake up... But...I beleve if the project to remove the zeros begins as planned in January, something else has to occur 1st...Removing the 3 zeros refers to removing the 3 zero notes off the street...So what will they be replaced with? [the lower demons which would make them raise the rate] BINGO!
12-10-2016 Newshound Guru wmawhite When the word project is used...it is referring to many pieces /action items that make up the project...if they state removing the three zeros then IMO it is referring to the lowering of the note count...which has been happening for some time, as well as...the need for the larger notes not being needed in the market place, i.e...
"removing the three zero notes from the currency"...that statement was just recently used be Alak...this, IMO...means the increase in value of the IQD which will lower the price of goods in the marketplace, thus...removing the need for the three zero notes.
12-10-2016 Newshound Guru firefly If there is a real event rate change it WILL show at the CBI 1st! IMO even a 1-1 makes no mathematical sense comparing it to the 2017 budget.
12-10-2016 Intel Guru ADMINBILL REPORTS REMAIN THE SAME. LOOKS GOOD THROUGH THE END OF THE MONTH WITH THE 15TH AS A TARGET. AFTER THE INAUGURATION IS STILL IN PLAY FOR ME AS WELL. IMO.
12-10-20216 Newshound Guru rcookie Article quote: "And about the prospects for Iraqi dinar to float, like other countries in the region, this relationship does not arise in the present, and we are working on is not currency float, and the big difference between the two." READ THAT QUOTE FROM ALAK...AND ASK YOURSELF HOW DELUSIONAL YOU HAVE TO BE TO STATE AN ABSOLUTE VALIDATION TO THE FLOAT PLAN...WHEN IT CLEARLY STATES THE OPPOSITE...
12-9-2016 Intel Guru RayRen98 Last week I shared that I thought it would be the final Friday, but some things shared with us didn’t happen according to the plan. Half has materialized, and half is still to materialize. If it all happens according to plan, I do think this is the final Friday before the public release... everything is still the same, moving along. We are waiting for updates from Iraq. The Budget should no longer be an issue. There are still a few little points, but mostly it’s a done deal before 1. January. We are in that window of time that really makes this Christmas season different from the previous three, four, five years. The expectation is the same as last year but the parameters are different. With what we know to be factual, it’s a done deal – I just can’t tell you the exact day. I’m looking forward to bank activity next week, if everything goes forward as planned. [Can we talk about rates?] They are higher than what they were. The last rates I believe have been consistent, dinar = $3.71, dong = 47 cents...
12-9-2016 Newshound Guru mike I think the UST is there to cut off funding for terrorism and move Iraq into the 21st century in regards to banking. I also don't think they give a hoot about what Iraq does with their currency, as long as they're doing what the IMF is telling them to do, like stay pegged to the dollar, liberalize the foreign exchange and get control of the MCP... these guys aren't there for currency revaluation. No one can tell Iraq what to do, they are a sovereign nation and they make their own decisions. The UST, IMF and WB have been telling Iraq for years to fix the problems and they have ignored them, unless they wanted handouts, then things get done. We'll just patiently wait and see what happens...
12-9-2016 Newshound Guru rcookie BY MAKING THE DINAR WORTH .10 ...AH...NOPE...I DONT THINK SO...EVEN AT 1:1...IS THAT GOING TO BE ENOUGH TO PRY THE DINAR OUT OF THEIR COLD HANDS...AND GET IT INTO BANKS...BIGGER INCENTIVE...IMHO...AND THE OTHER THING THAT ARTICLE TELLS US IS HOW FAR ALONG THEY ARE IN THE REDUCE THE NOTE COUNT PROCESS...AND CORRELATION TO THEIR LIQUIDITY CRISIS...WHICH WOULD BE SEVERELY EXACERBATED AND PROMOTE HYPER-INFLATION BY SUDDENLY ENDING AUCTIONS...THEY NEED INCREASED PURCHASING POWER AT POINT OF SALE... [post 2 of 2]
12-9-2016 Newshound Guru FrostyTheSnowman Years ago, I remember reading an article that spelled-out Iraq's plans ... where they quote >>> ... "which will have three zeros removed to revalue them." ...IMO ... we're just about there!
12-9-2016 Newshound Guru rcookie Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if canceled , the exchange rate has become 3 or 4000 and maybe more" Quote: "And about the prospects for Iraqi dinar to float, like other countries in the region, this relationship does not arise in the present, and we are working on is not currency float, and the big difference between the two." THAT ARTICLE WAS ONE OF THE MOST INFORMATIVE WE HAVE EVER SEEN... HE TALKS IN SPECIFICS ABOUT THE...POLITICIANS AND MEDIA STATEMENTS WAGGING THEIR FINGERS ABOUT AUCTION FAILURE AND STABILITY OF IQD...AND HE SAYS IT VERY SIMPLY...YOU ARE NOT GOING TO STABILZE THE IQD BY TURNING OFF THE AUCTION FAUCETS...THE ONLY TRUE WAY TO DELIVER IQD STABILITY IS TO REDUCE THE DEMAND FOR THE USD...AND IDENTIFIES "STRUCTURAL CORRECTION OF THE IRAQI ECONOMY"...AND HOW DO THEY INHERENTLY REDUCE THE DEMAND FOR THE US DOLLAR... [post 1 of 2....stay tuned]
12-9-2016 Newshound Guru Shredd I see possible evidence of a continued managed float (with continued auctions) before a market-driven (and no auctions) free float. This is why I say this: "He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar." "Structural Correction" means a planned, controlled process. Additionally, if a free float and stopped auctions started now, it would "collapse" Iraq's financial situation. Bottom line, it's good to see this specifically being discussed. With the project to remove the zeros coming soon, let's watch what happens. [post 2 of 2]
12-9-2016 Newshound Guru Shredd Article: "The Governor of the Central Bank: no way to uninstall window selling the dollar, if the exchange rate became cancelled 3 or 4 thousand, maybe more/" As I read and reread through this, I look at the big picture which I always try to do. The scope of this is around the auctions. The cbi must keep them going to prevent collapse. They are the single most effective tool right now for the cbi to maintain stability in the currency. Future state, interest rates will become a primary tool. Now I know some people in the dinar world are going crazy because the word "float" is mentioned but... [post 1 of 2....stay tuned]
12-9-2016 Intel Guru Bruce We had information...that was indignant that this thing was absolutely supposed to have happened yesterday [Wednesday]. A lot did happened yesterday and more happened today. What happened yesterday was extremely big and meaningful. One thing that went on was the US became gold back officially. We had the gold treaty witnessed by the IMF, the World Bank, the World Court, and by the US Treasury. That gave us a gold back currency which was announced basically through the banks around the world by this morning. That was huge. I heard the UN suppose to have made an announcement this afternoon, but I have not uncovered the proof... This puts us in a new light. Each country is now asset back, gold back around the world. ...the Islamic gold agreement was passed so those countries in the Middle East could be gold backed. We understand they are as well. ...my understanding is everything is in place. There might be a few details here and there that are being cleaned up, but I really think we are in a place where we can have an outstanding next few days. ...I think we should have the best Christmas ever.
12-9-2016 Newshound Guru mike It's clear that Keywords knows that if they unpeg today, the dinar will crater, with no economy to support it, there's no demand. Now all Keywords (and the rest of us dinar holders) need is for Parliament to sharpen their pencils and get this legislation passed to create the needed economic activity to empower the dinar. From what I can tell, Iraq is going to follow the advice of the IMF and keep the dinar pegged to the dollar, keep the auctions going and push Parliament to enact the needed economic legislation. Once that's done they'll get the MCP straight and the system liberalized, and then slowly begin adding value to the dinar...Iraq has a lot of work to do and it's becoming more and more obvious that the dinar isn't severely undervalued... Heck, even today, the street rate is almost 10% less than face value. Once the legislation is passed and the IMF requirements are met and the dinar moves to Article VIII, then I'll get excited. Here's hoping the reserves will last that long.
12-8-2016 Intel Guru Frank26 ...ATM Machines! The CBI believes that this is how you get the citizens to open accounts BEFORE the end of the year! Freakin’ brilliant! ...the ATM machines … outside of Iraq … the fees will be much higher. This is the key … the ATM machines! To get the dinars out of the country … good grief … they just told us they were going INTERNATIONAL! ...one of the state bank managers said that the ATM machines were nice...but they couldn’t use them until they lifted the 3 zeros! The software in these ATM’s ONLY works with the Lower Denoms!! These ATM’s do not accept the 3 zero currencies!!! The ATM’s that came out of nowhere between...is a sign of being INTERNATIONAL!
12-8-2016 Intel/Newshound Guru Mnt Goat Article: "WITHDRAW YOUR MONEY IN IRAQ FROM ATMS" Quotes: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country. " "Rafidain Bank, announced Tuesday, for the high number of its branches to 165 branches after the opening of a new branch in the province of Maysan, stressing his quest to expand his work locally and internationally." ...so here we go...Rafidain bank going full scale now on the implementation of the divider system. Basically rolling it out to all branches. This exactly what we expected and need!
12-8-2016 Newshound Guru Adam Montana [Any good news towards the hcl yet.] The HCA has been included in the budget for some time, and since they are making solid progress on the budget I consider that to be positive. No actual HCL yet, but it's coming. [At this time, just what are the main hold ups on the HCL?] The HCL is in a great spot right now, there's really nothing holding it back! It's just a matter of paperwork I think. That's going to take time, but I don't see it taking a long time anymore.
12-8-2016 Newshound Guru 1bobby [They passed the budget?] To my knowledge...yes. It's a good day to be in this investment... It's done...To include the 17% to the Kurds...23% Defense spending... They've published it... One of the articles voted on requires it to be published in the Gazette... I was surprised they did it... Now that doesn't mean that they can't or won't come back with minor adjustments as they move ahead...
12-8-2016 Intel Guru ADMINBILL THURSDAY IS HERE AND WE ARE STILL VERTICAL AND SUCKING IN AIR. THAT IS A GOOD THING! IT ALSO MEANS YOU ARE STILL IN LINE TO BECOME A LIVING DINAR EXCHANGER SOON. THE INFORMATION RECEIVED UP UNTIL LATE LAST NIGHT LEADS ME TO BELIEVE THAT THE PROCESS IS AS FOLLOWS: BANKING CONTACTS ARE TELLING CONTACTS THAT THE (DINAR, DONG, ETC.) PROCESS WILL BE DONE THIS MONTH WITH THE GOAL OF THE 15TH. ...RUMORS PERSIST THAT THE EXCHANGE MAY NOT HAPPEN UNTIL AFTER THE INAUGURATION.
12-8-2016 Newshound Guru Kaperoni ...we have confirmation that the CBI is, in fact, working to meet what the IMF stated in 2012 which said..."staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect," Article quote: "but we are working to free the currency instead of controlling it." ...the very definition of a free float is "free the currency instead of controlling it." Allaq has made it clear they working towards such an event (which is great confirmation). We just don't know when. ...I believe they will have to get off the peg in the near future since they are in the process of launching the market economy. Time will tell.
12-8-2016 Intel Guru Frank26 Somebody called me...yesterday...they said...“are you sure that the IMF is demanding that Iraq raise the value of their currency, in order for them to get the 2nd loan?” I said “yes.” I believe they are about ready to get their loan...which means they are about ready to raise the value...IMO. Article quote: "The remaining funds will be disbursed contingent on certain performance criteria consistent with the program's objectives to reform Iraq's financial and economic policy." In order to get the 634 Million Dollar loan...the funds are CONTINGENT ...to the reform of Iraq’s financial policies. What are those? To raise the value of their currency. What else? They must remove the RESTRICTIONS of the CURRENCY EXCHANGE...The program rate is a restriction. Article quote: “… it will SIGNAL that the currency can be freely exchanged..." This is impressive!!! ...it is CONTINGENT...this loan... for the IMF...to see that the MR has to improve and there is so much evidence all over the place. This is amazing!
12-8-2016 Newshound Guru rcookie Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if canceled , the exchange rate has become 3 or 4000 and maybe more" Quote: "He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar." [This means they have to make their currency aceptable in the world's marketplace so there would be no need for the USD.] THAT IS EXACTLY RIGHT! ITS A PRETTY PAROCHIAL CONCEPT... ACHIEVE IQD STABILITY = REDUCE USD DEMAND IN MARKETPLACE...
12-8-2016 Newshound Guru mike ...they won't be able to RV at 1-$1, there's 60 trillion in M0 money supply. Even if they came out at a nickel there'd be $3 trillion dollars worth of dinar, which is roughly what the US has. There's no way a country with a GDP of roughly $170 billion can carry that much in circulation. They have to slowly raise the value of the dinar as the economy grows, there's no shortcuts.
12-8-2016 Newshound Guru Kaperoni More great news! CBI announces the launch of mobile banking. Welcome to the 21st century Iraq! Let me show a list of what occurred in last few days...mobile banking, electronic credit sharing, ATM's, Allaq talks floating the dinar. Not to mention the 2017 budget passed today. Is this Iraq? Lol.
12-8-2016 Intel/Newshound Guru Mnt Goat Article: "Deputy: the budget approved in full, the parliament added nine paragraphs to finalize the draft budget law" So the Kurds got the HCl provisions now passed in a legal law (the 2017 budget) so let’s see what this brings…By the way the passing of the budget in NOT tied to getting the RV once approved. There is no trigger to this event with the RV! However, they do need the budget to get the $$$ from the SDR loan installment by the end of 2016. They also need the launching of the currency reform going forward into the first quarter of 2017 to get anymore installment $$. This I know as a FACT! ...So let’s see what EARLY 2017 brings us...I also want to emphasize one more time – there is no RV unless the lower denominations are launched first in the “project to delete the zeros”. The CBI has told us multiple time this will not occur until EARLY 2017.
12-7-2016 Intel Guru RayRen98 Budget: PASSED...We were getting blow by blow reports. Item by item as each passed. Each one being approved and hassled over...Everybody in agreement what is in it. Goes into effect January 1, 2017. Expectation and anticipated it means a revalued currency...and promised, but it still remains to be seen. If I’m asked for a deadline date, I will still say Jan 1, 2017. Rate: May not be revealed until it goes into effect January 1. I’m at this resolution, “It’s Done!” When will we do an exchange? I’m still looking at this week...based on information. CBI Governor on TV said the rate will be global...That they do not want it to float...yet.
12-7-2016 Intel/Newshound Guru Mnt Goat Note that the CBI is ONLY telling us the mechanisms are in place ready to use the machines, but not yet. We know the other half of the story is not yet in place...that of the new lower denominations being put into the machines. Remember they do not want to disperse more of the 3 zero notes since they collected nearly 80% of them already out of circulation. This is why they moved to all this new technology and SMART card (debit card) processing. So they will not have to put them back into circulation. ...So this is very, very good news. Are they getting ready to load these ATMs now with the lower denoms? Hint...Hint...Hint! [post 2 of 2]
12-7-2016 Intel/Newshound Guru Mnt Goat Article: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country." Now they are telling us that the “divider” allows the holder of a credit card issued by a state bank and has the ability to allow special withdrawals of money from any automated teller machine (or ATM) and this is now widespread across the country. We knew almost 5 years ago that a contract went out to install ATMs throughout major cities in Iraq. These machines laid dormant and still remain empty as they are not designed for the large 3 zero notes and can not process them for cash withdrawals. [post 1 of 2....stay tuned]
12-7-2016 Intel Guru ADMINBILL WHERE ARE WE TODAY WITH THE RV? I BELIEVE WE ARE RIGHT WHERE WE NEED TO BE. IT APPEARS IRAQ HAS FINALLY BEEN GIVEN A LIGHT GREEN LIGHT TO MOVE FORWARD WITH THE FINAL IMPLEMENTATION OF THEIR BUDGET AND LAWS AS A PRECURSOR TO THE SOLID GREEN LIGHT FOR THE IMPLEMENTATION OF THE RV. I BELIEVE THAT MAY STILL BE A WEEK OR TWO AWAY...IT APPEARS OBVIOUS THAT WE ARE BACK ON TRACK TO WHAT COULD BE AN INTERESTING NEW YEAR AND, HOPEFULLY, A WONDERFUL HOLIDAY SEASON.
12-7-2016 Newshound Guru Kaperoni Nice. Good to see parliament accomplish something. 2017 budget now passed.
12-7-2016 Intel Guru Delta Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if cancelled, the exchange rate has become 3 or 4000 and maybe more" Quote: "And about the prospects float Aldenarabraghi, similar to other countries in the region, he said: / This Alammergarmatarouh sealed the moment, we are working on Thariralamlh not floated, the difference Kparbin Monday " HE IS SAYING NO FLOAT...SET RATE.
12-7-2016 Newshound Guru Kaperoni Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4000 and maybe more" Quote: "...we are working to free floating currency..." ...direct from governor of CBI. Words in article...are absolutely validation on the plan... CBI Governor confirms float of the dinar. Though great news and vindication, he says they are not ready yet. I can wait. ...today's news is absolutely amazing and validation we wanted to hear.
12-7-2016 Newshound Guru Stryker Iraq's 2017 Budget Voted Into The History Books.
12-7-2016 Intel Guru Bruce I am excited. In terms of Intel guys, the Intel we have been putting out has been coming out from my sources only. Intel wise we are about as button up as we can be for this to go. We are waiting for us to be notified. Things are happening in Iraq and the Middle East making this thing happen. I think this week is still our week. The Islamic Gold Standard Agreement what was holding this RV up from what we understand. The Islamic Gold Standard Agreement was passed. That was huge. The law was changed so the currencies in the Middle East could be gold backed. Even though it is Tuesday we have a lot of week to go. I want everyone to stay ready for this at any moment. Let us see what happens.
12-7-2016 Newshound Gurus Kaperoni & Admin Bob Article: "Central Bank announces start the exchange of credit information system "electronically" Quote: "Iraqi Central Bank announced on Tuesday, to work with an electronic system for the exchange of credit information, explaining that "this system allows the government and private banks to the exchange of credit information among themselves and between the Central Bank of timely and reliable manner" Another very signifcant banking announcement came today. The Central Bank of Iraq announced the launch of the electronic system for the exchange of credit information. More good news for sure.
12-7-2016 Newshound/Intel Guru BGG ...there is SOOOOO much great financial / economic / legal news... lately...how can we NOT be really jazzed about where things are? The general consensus - we are in a VERY SHORT window... things are moving fast for Iraq right now...
12-6-2016 Newshound Guru Kaperoni The CBI is clearly doing it's part to kick start the market economy, loans, electronic banking, credit reporting, it's now up to parliament.
12-6-2016 Newshound Guru Enorrste Article: "Finally .. withdraw your money in Iraq from ATM" Quote: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country." Not to be a naysayer, but we all must also recognize that in order for anyone to use an ATM machine in Iraq they must first have a bank account. We may be putting the cart before the horse here. The problem is that people don't use the banks. Thus, they may not use the ATM machines. Of course foreigners could use them, and that satisfies a portion of the "international banking" that KAP [Guru Kaperoni] has referred to. But I won't get too excited until I see deposits into banks from locals rise. [reference Guru Kaperoni post 12-6-16]
12-6-2016 Newshound Guru rcookie and BGG SO UNTIL THAT BUDGET IS VOTED ON AND PASSED...WHAT DOES THE IMF & IRAQ HAVE TO MEET ABOUT... Article: "IMF Executive Board Completes First Review of Iraq’s Stand-By Arrangement" Quote: "December 5, 2016 IMF disburses about US$617.8 million following completion of first review of Iraq’s reform program" Wooo POOOOWWW!!! [post 2 of 2]
12-6-2016 Newshound Guru rcookie THE IMF REVIEW IS A CHECK AGAINST IRAQS COMPLIANCE TO FISCAL REFORM COMMITMENTS...IRAQ MADE IN MAY (AHMAN,JORDAN) IN ORDER TO BE APPROVED FOR THE 1ST PART OF SBA FUNDS ACCESS...THE COMPLIANCE CHECK AGAINST FULLFILLMENT CAN ONLY COME FROM 1 SOURCE... [Passing the budget and passing laws?] THEY HAVE BY ALL REPORT ACCOUNTS MET THE REQUIRED REVENUE & EXPENDITURE MANDATES IN THE APPROVED DRAFT OF THE 2017 BUDGET LAW...BUT STILL REMAINS A REPORT UNTIL IT IS VOTED INTO LAW... [part 1 of 2....stay tuned]
12-6-2016 Newshound Guru Kaperoni Article: "Finally .. withdraw your money in Iraq from ATM " I do...believe this is a significant step forward for Iraq as this advancement will improve Iraq's banking system activating e-commerce, ATMs, electronic transactions, etc. As stated in several articles this is necessary to meet international standards. Which we know is a requirement for international banking and eventually Article VIII. All measures that will help the dinar appreciate when the time is right. All of this will have an effect on corruption. And show the global financial system Iraq is ready for international transactions.
12-5-2016 Intel/Newshound Guru Mnt Goat Many have requested from me updates on the VND and the ZIM currency revaluation. So here is my opinion... the Iraqi dinar revaluation is the ONLY currency we know of that has the most likelihood of any significant change in value in the near future that could make you a millionaire overnight.
12-5-2016 Intel Guru RayRen98 ...we are still waiting… on the IMF review, on the budget information, and we may not hear anything on either point until tomorrow. I don’t think anyone knows how long we are to wait on this. Everything still looks good. I am looking for this to happen this week.
12-5-2016 Newshound Guru BGG IMHO - the IMF wants them to start acting like a real country, pass budgets correctly and on time, pay their bills - kick out terrorists, don't pursue their political adversaries in a "police state" sort of way ...either way - IMF, UN, WB has had enough.
12-5-2016 Newshound Guru Kaperoni Article: "Finally .. withdraw your money in Iraq from ATM" Quote: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country." Good news. Project "chucked" or project "divide" whatever you want to call it has been talked about for several years. Finally, it is operational. ATM'S are now active in Iraq! Woo-hoo. This is a critical step towards bringing Iraq's banking system online and up to speed with the rest of the world. For those who say "Iraq never accomplishes anything," this is a milestone.
12-5-2016 Newshound Guru ADMINBILL IMO...THE NEWS COMING OUT OF IRAQ IS INCREDIBLY GOOD AND SHOWS ME THEY ARE ON THE BRINK OF COMPLETION BUT HAVE NOT BEEN GIVEN THE GREEN LIGHT TO OFFICIALLY APPROVE THEIR BUDGET AND OTHER ACTIONS. LET'S SEE WHAT HAPPENS TODAY AND TOMORROW.
12-5-2016 Intel/Newshound Guru American Contractor Iraq government officials would like to see the country increase the oil production before any serious work on the Iraqi currency is completed. The redenomination is the start of the successful macroeconomic stabilization and will not alter the value of the Iraqi dinar currency. Currently, the economy has not stabilized itself enough as prior to June 2014, when terrorists moved with speed in northern Iraq. The Financial Advisor to Iraq, Prime Minister, Mohammed Saleh has recently said that there is a legitimate concern for bankruptcy because of an increase in the government pensions since 2003... The Iraqi government applied for a loan from the IMF (International Monetary Fund) and the loan came with stipulations. For one, the IMF would like the Iraqi government to reduce the salaries paid to retired government employees. The IMF has not stated what the ramifications would be if the Government of Iraq did not comply with these terms. [post 3 of 3]
12-5-2016 Intel/Newshound Guru American Contractor The Iraq Central Bank (CBI) has decided to continue with the delete the zeros project or better known in the financial circles in Baghdad as the redenomination of the Iraqi dinar currency. The CBI has started printing the 50,000 (50k) Iraqi dinar currency banknote and will print the 100,000 (100k) Iraqi dinar currency banknote shortly thereafter. The printing of the 100k has not yet started, and talks continue on about printing a 200k banknote. You may also find it surprising that the low denominations currently in circulation will be removed from Iraq. That announcement is expected to come later in the year. [post 2 of 3....stay tuned]
12-5-2016 Intel/Newshound Guru American Contractor Things in Iraq are going as well as can expected in light of the happenings there. All considering that the Iraqi government has been at war with the Islamic State of Iraq and the Levant (ISIL) since June 2014. Things appear to be looking up for Iraq as the Iraqi Security Forces (ISF) have surrounded the city of Mosul and are currently cutting off all escape routes for the ISIL terrorists. ...the private banking system continues to work at minimum modern day banking standards. The banking system is underdeveloped and is a cash based system the majority of the time. Very few banks issue bank credit cards, wire money, issue loans and/or make deposits. [post 1 of 3....stay tuned]
12-5-2016 Intel/Newshound Guru Mnt Goat There was a very good article that came out on another rate increase for the Iraqi dinar. This rate increase should not be confused with the project to delete the zeros. This article is talking about raising the rate in the “closed” Iraqi economy and has nothing to do with going international as of yet, which is what is going to get us the money we are looking for as investors. Again I will clarify – there has NOT been any RV in Iraq and the lower denominations are NOT out on the streets or being used by the banks. We do know the CBI has told us that in early 2017 in conjunction with the “project to delete the zeros” they intend to launch the 50, 100 and 200 dinar notes. This means at this time (as in 2017) they will have to do something with the rate or else these notes would be virtually worthless to the average citizen as they would be worth only 5 cents, 10 cents and 20 cents accordingly. This is really good news and so don’t lose sight of it. Can they change their minds and delay it? Sure but we have not heard any new news to tell us otherwise.
12-5-2016 Newshound Guru Stryker 2017 Budget Update for 12/5/2016: Parliament postponed the third reading of the 2017 Budget yesterday to today after reading and passing Article 50 but there are still some Article areas that are in need of work and they are working on those today. The Kurds are boycotting today's session along with a few other oil rich provinces but it will all be worked out in time.
12-5-2016 Intel Guru Dr. Clarke We've made it crystal clear, even from the beginning of this 2016 Year, that this was all going to be completed IN THIS YEAR OF 2016, in our opinion. We've also made it crystal clear in our most recent posts, about this month of DECEMBER, 2016...and in particular from the 15th-31st. Nothing has changed.
12-5-2016 Newshound Guru BGG Article: "Iraqi parliament accepts proposal to pay Kurdish gov’t employees in return for oil" Isn't this a little like "Water is wet"...or "we've agreed to do everything we've already agreed to do..."... correctly this time...the fact of the matter is this... the IMF is looking over their shoulder - they HAVE TO GET THIS DONE...
12-5-2016 Newshound Guru MadDScout Article: "Iraqi parliament accepts proposal to pay Kurdish gov’t employees in return for oil" This is the Kurdish portion that has been approved not the vote on the Budget...That will be Monday at 1PM
12-20-2016 Newshound Guru Kaperoni Article: "Iraq's former finance minister loses appeal against 'unconstitutional' removal" Quote: "Iraq’s former Finance Minister Hoshyar Zebari has lost an appeal at the country's federal court against his removal as minister by the parliament which he called unconstitutional." This is really to bad.
12-20-2016 Intel Guru Frank26 The 3rd largest bank in America is called CitiBank. They made a bold move on Friday...CitiBank was again selling the IQD. Remember the UST told them awhile back they couldn’t sell it...but now the UST has turned to the 3rd largest bank in America. The UST gave them (Citi) a green-light...told them they could BUY and SELL the IQD again. That is SO BIG!!! IOO – this only means that the restrictions of the IQD have been lifted. Citi is in business to make money. How can you make money with a program rate? IMO – many more banks will be given these orders as the days go by.
12-20-2016 Intel Guru ADMINBILL ...THE LATEST BIT OF INFO IS UP TO 48 HOURS FROM 1500 ET MONDAY. EITHER IS WILL OR IT WON'T. WE HAVE NO CONTROL.
12-20-2016 Newshound Guru mike Article: "Parliamentary investment: central bank reserves fall to $ 40 billion" At this rate, the CBI will win and Iraq will lose. The Shia majority will/have not charged, prosecuted and convicted anyone who isn't Sunni or Kurd. Following the historical loss of reserves, Iraq will be financially insolvent by the end of 2018. Candidly, it may already be too late, moving to an open market economy with the supporting legislation takes time, hopefully there's enough time left for Iraq to save itself. [reference Guru Kaperoni post 12-19-2016]
12-20-2016 Intel Guru RayRen98 Some of the budget has been published but not what we are looking for. Why not, it’s a mystery. I have been given reassurances that what we are seeking is there, just not visible yet...told a long time ago, new value would be reflected in the budget...from the calculations. We’re waiting for it to show up in the Gazette. It is to go in effect January 1, 2017... If Mosul had any impact on it, you can see that is no longer an issue. For all intent and purposes, even though no announcement, I’m going to say this currency is International! Just over the weekend we learned four banks that at one time told you, “not touching (Iraqi dinar) with a 10 foot pole,” now buying and selling. Like they never, ever told you “we are not dealing with that currency and never will.” The rate right now is not the significant thing. It is they are now participating in it. For all intents and purposes, no matter how you slice, dice or flip it, this baby is done.
12-19-2016 Newshound Guru Kaperoni Article: "Parliamentary investment: central bank reserves fall to $ 40 billion " It's a game of chicken between the CBI and IMF. The IMF won't let the CBI advance the banking system until they follow the directives, yet the CBI cannot stop the corruption which is depleting the reserves. Who will win?
12-19-2016 Intel Guru Jester THEY HAVE A PLAN...AND AS I ALWAYS SAY... THEY ARE WORKING THROUGH THE PROCESS...THE WORD I HAVE IS MID JANUARY... DO NOT HOLD ME TO THAT... THAT IS JUST WHAT I AM GETTING RIGHT NOW...IT WILL STILL TAKE A BIT OF TIME TO GET ALL THIS MOVING THROUGH THE SYSTEM... IT IS NOT GOING TO BE A PUSH BUTTON..
12-19-2016 Intel Guru ADMINBILL LOOK FOR MOST MAJOR BANKS TO FOLLOW THE LEAD OF CITIBANK STARTING WITH CHASE OR WELLS FARGO. WATCH THE ACTION BEGIN IN THE EARLY MORNING HOURS AND ONWARD. THIS IS NOT THE RV...YET. BUT THE WHEELS ARE TURNING. WILL IT BE THIS MONTH OR JANUARY. BASEL 3 IS ALREADY IN PLAY. ASSET-BACKED MEANS VERIFIABLE ASSETS LIKE BLACK GOLD, YELLOW GOLD, AND OTHER PRECIOUS MINERALS, AS WELL AS FOREIGN CURRENCIES AND BONDS THAT SUPPORT A COUNTRIES' CURRENCY VALUE. BASEL 4 IS ALSO COMING. THE NEW DIGITAL REALITY WILL BE EASIER TO SUSTAIN VALUE DUE TO LESS CASH AND SUPPOSED CORRUPTION.
12-19-2016 Intel/Newshound Guru tman23 The IQD to revalue at a rate that includes 3 zero notes at exchange NEEDS to be backed by somebody other than Iraq... Simply put...Iraq does not have the money to pay out exchanging 3 zero notes at a high revalue...Because Iraq does not have trillions to pay out exchanging high value 3 zero notes...countries are going to hold them in their currency basket...keep in mind most the big banks are public held and on the stock exchange...Not one of them is going to risk holding a toxic currency from an unstable region for any amount of time...UNless the UST guarantees the bank to cover that said currency...REALITY remains the same...They are lifting the 3 zeros beginning 2017 and the guess is still on going on how that affects the value of the 3 zero notes we hold...
12-19-2016 Newshound Guru Aggiedad77 Article: "Parliamentary Finance: Iraqi dinar will be the danger of 2017" Quote: "The financial and economic policy of the central government of the Central Bank of Iraq is considered politically incorrect in the local market," stressing that "the Iraqi dinar will be in danger of the year 2017, the government and the central bank did not change their policies towards the local currency." [IMO...it sounds like this committee dude is looking and calling for a change in the value of the dinar...like equal to the dollar maybe...he trying to tell us something?] ...agreement...it's coming...the BEST is yet to come.
12-19-2016 Newshound/Intel Guru BGG [What's up with the RV?] If you want to know about timing...listen to what Allaq with the CBI said...he said the Monetary Reform process would start in the early part of 2017...so the 1st quarter of 2017 is what the governor of the CBI says is when they will start the process.
12-18-2016 Newshound Guru firefly Article: "Balutiqh..omanh Cabinet declares its non-stop government appointments" Quote: "...the adoption of all the records of the Ministry ratified by competent minister until the date of 31.12.2016, and the Ministry of Finance to complete all the procedures, including deletion and development." to complete all the procedures, including deletion and development. [now that looks pretty exciting...so by Dec 31st?] Ya think? Thats what many articls are saying in print...
12-18-2016 Intel Guru Dr. Clarke Since the very beginning of 2016 in our earliest posts in January ...we said with full conviction, that 2016 is the year that, Iraq would substantially raise the RATE & VALUE of their Dinar, and become full Internationally tradable & exchangeable outside their country, worldwide. Throughout the year, we threw in some dates, as possible timelines, that within this year, this MAY have happened, based on the circumstances at those particular times. ...we indicated “3 Plans” or date projections, as possibilities, according to the “PLAN”...HOWEVER, we’ve ALWAYS SAID FROM THE VERY BEGINNING, back to January 2016, In our view, opinion & belief, that we would NOT get out of 2016, without this happening. 2016 WAS and IS the Year.
12-18-2016 Intel Guru ADMINBILL YESTERDAY WAS ANOTHER QUIET DAY ALTHOUGH MUCH IS BEING ACCOMPLISHED IN IRAQ. IN MY OPINION IRAQ WILL MYSTERIOUSLY HAVE EVERYTHING COMPLETED WHEN THE TIME IS APPROPRIATE. IT IS MY UNDERSTANDING THAT THE REQUIREMENTS TO MEET THE AGREEMENTS NECESSARY FOR THE 20TH HAVE BEEN MET. AGAIN THIS INFORMATION IS SPECULATIVE AND MUCH OF IT CANNOT BE PROVEN TO BE TRUE SO USE DISCERNMENT... AND REMEMBER, MEETING THIS GOAL DOES NOT NECESSITATE THE IMMEDIATE RELEASE TO THE RV/GCR. WE MAY STILL BE LOOKING FOR JANUARY. I REMAIN HOPEFUL FOR THIS WEEK BUT WILL NOT BE SURPRISED IF 2016 IS IN THE REAR VIEW MIRROR WHEN IT ARRIVES.
12-18-2016 Newshound Guru Islandg1211 "THE IMF RELEASES ANOTHER $618 MILLION LOAN TO IRAQ" This article summarizes the meeting that resulted in the IMF releasing the loan installment even though Iraq did not meet all of their expectations. THE RV WAS NOT TIED TO IRAQ GETTING THE LOAN INSTALLMENTS. I was right that: 1 – The IMF would give them the loan without an RV. 2 – That the GOI would pass the Budget...but no other laws...nor vote in cabinet...and would leave for a month vacation.
12-18-2016 Intel Guru Frank26 Article: "Sources to Baghdad Post: Military operations in Mosul come to end" Quote: "The military operations in Mosul have come to an end, security sources told The Baghdad Post. The sources pointed out that a police reshuffle is imminent after Haider al Abadi visited the operations headquarters earlier." We told You...From the 18th into the 19th ...A [Abadi] would release sometime of importance with the MR. Today ...The SECURITY for the MR. IMO...There will be more tomorrow.
12-18-2016 Intel Guru Dr. Clarke DONG holders...: “It’s the same status - at ANY time”...but it’s really close, and in conjunction with Iraq’s ISIS security status, and worldwide. ...back in the summer, we posted an article out of VN that stated very specifically they would maintain and adjust the rate of the Dong, within market conditions, THROUGHOUT THE END OF THE YEAR 2016. That article had significant importance...
12-18-2016 Newshound Guru Kaperoni Article: "Parliamentary Finance: most of the banks in Iraq do not apply the principle of "know your customer" Changing CBI governors is not something we want... Each time this occurs, it weakens the currency, investor confidence, citizen confidence and slows down monetary policy. Abadi more than likely is getting guidence from the IMF and World Bank on how Allaq is doing. The fact that he is still in place tells me he is doing his job, and moving reforms along as laid out in the various agreements. The last sentence...to a World Bank document...is clear when referring to the removal of Shabibi...i will paraphrase...no matter who is the CBI governor, the plan is moving forward. [reference Guru mike post 12-17-2016]
12-17-20216 Intel Guru Dr. Clarke Right now, it is a much higher probability that they will NOT come out right away, as International, but will move up the rate substantially. In our opinion, It will be a rate increase FIRST, then a few days later, the International status will take place. We think there is a higher probability of this happening BEFORE Dec. 25th, than After - that is, becoming INTERNATIONAL status and able to exchange outside the country before Dec. 25th...if you choose. IN ANY EVENT, IN ANY EVENT, IN ANY EVENT - WE VERY STRONGLY BELIEVE, that Iraq will have substantially increased the rate & value of the Dinar publicly & officially countrywide, AND Officially become INTERNATIONAL in status, ON OR BEFORE DECEMBER 31, 2016. [post 3 of 3]
12-17-20216 Intel Guru Dr. Clarke NOW, as of Right Now, in our view, we think this is how things are about Happen: Who cares about the 2017 Budget, as long as they at least substantially raise the rate and value of the Dinar, perhaps even without being International - YET? We believe they will make a new substantially increased & valued, Dinar Rate Official, sometime between TONIGHT (Sat. 17th) and TOMORROW night (Sun. 18th U.S. EST time, Monday Iraq time). We also believe that, it may be until this THURSDAY, Dec. 22nd, before they make, the Dinar officially INTERNATIONAL in status, and thus exchangeable outside the country...this Entire Week should accomplish ALL of this, in our view. [post 2 of 3....stay tuned]
12-17-20216 Intel Guru Dr. Clarke Over the past 3 weeks, we’ve very emphatically, and specifically, posted that between December 15-31, 2016, in our opinion, we will see Iraq publicly approve their 2017 Budget...and to also publicly, officially and substantially raise the Rate & Value of the Dinar by announcing it AND printing it - AND SOMETIME DURING THIS SAME 2 WEEK PERIOD 15th - 31st, publicly and officially making the Iraq Dinar INTERNATIONAL in status, being tradable and exchangeable OUTSIDE the Country of Iraq, worldwide. [post 1 of 3....stay tuned]
12-17-2016 Newshound Guru mike Article: "Parliamentary Finance: most of the banks in Iraq do not apply the principle of "know your customer" Here we are, the end of 2016 and we've read, literally, hundreds of articles about the auction process and how corrupt it is. ...This isn't a theory, this is the reality of Iraq. How do I know this? Because the reserves have dropped from roughly $80 billion to somewhere around $40 billion in three years. Why hasn't Abadi made a move on Keywords? What's stopping him? He's obviously and clearly failing at his job, banks still, after two years of passing the law, don't know who their customers are. The street rate is now over 10% from face value and the reserves are dwindling. What other conclusion can you come to than he's a part of the Shia process of holding Iraq back from moving forward and fully engaging the western financial markets and creating the environment for the open market economy. Abadi, as Prime Minister, is also turning a blind eye towards the banking and economic laws, we have very little progress on that so far and he's two years into his term. Without a doubt, Abadi is part of the problem, and that's not an opinion, there's plenty of proof to support that.
12-17-2016 Intel Guru ADMINBILL THIS IS WHAT I HAVE BEEN ADVISED: THIS WEEKEND IS VERY HOT FOR RV POTENTIAL...MY OPINION REMAINS THAT...THE ABOVE MAY BE ACCURATE BUT I WILL FOCUS THE 20TH AND THEN ON JANUARY... WHAT WOULD YOU THINK IF SOMEONE AT A POLITICAL FUNCTION HAD THE OPPORTUNITY TO SHAKE HANDS WITH POTUS AND ASKED HIM, WHEN IT WAS HER TURN, "WHEN WILL WE SEE THE RV?" TO WHICH HE REPLIED "YOU ARE A SMART LADY. SOON."? [...do you know the lady that asked?] SHE WAS AT A MEETING SPONSORED BY ONE OF OUR MEMBERS AND A FORMER HOST SO I DO NOT DOUBT THE VALIDITY OF THE STATEMENT.
12-17-2016 Newshound Guru 1bobby Article: "Member of the Finance Parliamentary: 2017 Moismh positive cause to activate the financial realities and the private sector" ACTIVATE ACTIVATE ACTIVATE the Private Sector! Once again that phrase dominates the publishing of the 2017 budget. How could we not be excited about this budget? Too many people out there saying "Big deal, just another budget" Seriously?
12-17-2016 Intel Guru RayRen98 Some expectation about the budget over the weekend...hearing Sunday the budget will be published in the Gazette. We were told, many, many months ago...the rate was in the budget...If new rate is in the budget or they are going to implement it Jan 1...we should be seeing it between now and Jan. 1.
12-17-2016 Newshound Guru 1bobby "There is nothing negative in this budget" With oil priced at $42 pbl, 2017 will be a cash cow for Iraq. Abadi stated in an interview "According to our own calculations, I think that the rise in oil prices, every one dollar for a barrel of oil will add one billion dollars to our budget. So, I think we will have more by cutting the production and increasing the price." Oil is their collateral for supporting the private sector and other non oil revenues for sure.
12-17-2016 Newshound Guru Adam Montana [Have you had the opportunity to read the first review of the three-year (2016-2019) Stand-by Arrangement by the IMF. Do we have to wait till 2019 for an increase of the dinar exchange rate?] Well, I certainly hope not! I don't see why they need that much time. Things have started moving faster over the last year. If the situation had not changed in the manner that it has, then maybe we'd be looking at another 3 years. But I do see things ramping up and moving faster, and it doesn't need to stretch out that long.
12-16-2016 Newshound Guru 1bobby Article: "Parliamentary Finance: the general budget and provided guarantees to rally public and clans and staff of Kurdistan and to support private sector" What a great article! Paragraph by paragraph shows us steps that will be taken to ensure a strong viable Iraq and a happy us. Notice how in almost every budget related article that transparency with the Kurds is prominent? The kicker to this one is that Iraq is tired of exiting monies, they now want monies entering Iraq via investment projects thru Global Banks. WOOT WOOT!! Again Baghdad will be in charge, but the Provinces will now have the go ahead with large investment opportunities which will lead to small businesses thriving.
12-16-2016 Intel Guru ADMINBILL TODAY STARTS THE WINDOW OF "NECESSITY" THAT SOURCES HAVE MENTIONED MUST BE DEALT WITH TO ACCESS CERTAIN ASSETS TO COMPLETE THE PROCESS. I WILL LEAVE MY WINDOW THROUGH JANUARY OPEN WITH A PRAYER FOR US ALL THAT THIS TRULY IS THE END.
12-16-2016 Intel Guru Delta Finally ...the ATM’s...unlike the old ATM’s ...the new ones will take the LD’s. If they don’t increase the value...give an incentive to the citizens...they won’t get the currency off of the street. The CBI will increase the value BEFORE they introduce the LD’s. We are really close. My humble opinion...we should see the rate moving BEFORE the end of the year because the CBI told us so. This plan was set a long time ago...before Shabibi...all part of the plan. The CBI’s intention...is to raise the IQD to its former glory ...they are talking about over $3...but they said that will take a little time... This is their goal, but they have to start somewhere. The rate has to move...sometime this year...based on what the CBI told us. All good news...all positive news! The CBI is really very quiet right now...and that is a good indication that they will do something. Watch for the next 24-48 hours...something is up... We are waiting to see something official. [post 3 of 3]
12-16-2016 Intel Guru Delta Next...the IMF...Looks like good news...they lifted the restrictions from the exchange rate. ...because they are not Article 8...they can’t go with a program rate. They need currency reform. They have no choice. Currency reform must take place in order for them to go international. Investors must be able to move money into dinars...and now by lifting the IMF restrictions, they will be able too. ...Alak says they are not going to float the currency. He is stating he is going to lift the restrictions from the exchange rate...free float is not really in their plans. [post 2 of 3....stay tuned]
12-16-2016 Intel Guru Delta the Iraqi constitution does NOT allow Parliament to add any kind of articles to the budget – they can either refuse it, or sent it back to modify things they don’t like – they CANNOT ADD to it! ...there was a lot of discussions, arguments and basically every group in parliament wanted to add something...so they added 10-15 new articles. They approved the budget and they basically sent it to the President...he is supposed to sign it...and then it goes into the Gazette. But a lot in the government and the Kurds didn’t like it...but Abadi did something very smart. The government is not going to refuse it. They are going to wait until the budget is published in the Gazette...the added articles shouldn’t interfere with the budget...and the things they don’t like...they are going to the supreme court to fight ONLY THOSE ARTICLES. But if those articles are ok...and they won’t cost them more money...they’ll let it go and pass it. For Abadi...it’s a WIN-WIN situation. As soon as it’s in the Gazette...it’s basically law ...taking effect in January. [post 1 of 3....stay tuned]
12-16-2016 Newshound Guru MadDScout Article: "Parliament will vote on the federal budget for 2017" This is the after report on the vote in parliament. This is just a way different budget (IMO) than we have seen in budgets of the past. None of them had the kind of "Activate the private sector" talk that seems to be a part of this one. Especially if you know that, what we as investors are waiting on is the activation in full of all reforms. Many of these are in various states of completion. Some being done, some waiting on certain parameters to be met ( i.e. budget vote? Complete GOI? <<(IMO)) With the signing off agency being the IMF. So for those who feel this can drag on just remember, they are being directed and guided by IMF and for IMF to sign off, they need accomplish those things stipulated.
12-16-2016 Intel Guru Frank26 Will they finish the budget? HECK YES! ...Abadi is moving things on to resolve the budget so not to cause a delay. Anything can flip within a few hours. It’s going to happen! Abadi has made it clear. We will have a budget this year. I believe that budget needs a new rate. So...FLOAT or FIXED RATE? It’s a process of many steps...but we are past 1st base ...we are rounding 3rd base...heading into a home-run. Don’t be looking for an announcement or celebrations on the street. It’s a process NOT an event. It will be a process...the RI into a RV... [post 3 of 3]
12-16-2016 Intel Guru Frank26 I’ve said...GIVE ME MOSUL and you’ll see the MR [Monetary Reform]? Do you think they have Mosul? I wouldn’t say 100%...but do they have enough to proclaim that it’s basically liberated. ...it’s going very well. Syria and Iraq’s borders are secure. Mosul will bring security for the MR. Abadi is going to give you Mosul family...and the budget of 2017. The budget wasn’t passed...they added things that was unconstitutional... can’t go any further without the budget...The IMF review...part of it was HUGE for the MR ...it said that they lifted the restrictions of the exchange rate – but they have to wait for the budget. The HCL...which is in the BUDGET...is not done yet...and won’t be until the budget is done...they’ve been given a specific amount of time to get it done... [post 2 of 3....stay tuned]
12-16-2016 Intel Guru Frank26 ...we told you there was a time period...The 11th, 12, and the 13th...we felt there would be some meetings. The MEETINGS...very big...people from all over the world. Based on those who went there...(guesstimate)...it was a very good meeting. IMO – Abadi was at those meetings. The UST and the IMF and UN were definitely were there. They did a lot of work in these meetings about the MR of their currency. I do believe that they have decided on a RATE and a DATE...I believe that they have a TARGET. I do not talk to you about the 15th to the 31st...because it may not take that long ...IMO. I believe they are pushing for 2016. [post 1 of 3....stay tuned]
12-15-2016 Newshound Guru Adam Montana Here's the short and skinny. 1. Good news surrounding the HCL lately. Is it going to happen before the new year? I have no idea, but good HCL news is good HCL news! 2. More good news on the progress in Mosul. I still can't believe the MSM isn't making a bigger deal out of this, but they are what they are. Things are going well there, and that's what we need. Go Iraq! 3. The CBI seems to be talking more about the exchange rate lately, which is exactly what I expect before they finally make a big change. My suggestion is to not believe a word they are saying, but instead pay attention to the simple fact that they are discussing it.
12-15-2016 Newshound Guru wmawhite Giving value to the IQD will also give the Iraqi citizen "purchasing power AND reduce the demand for the USD." Are laws needed. Yes, but with out value to the IQD none of the private sector growth will ever occur. We have always thought, because we were told by certain self proclaimed experts, that it was investors first followed by economic growth followed by a rise in the IQD. Sorry! That is AXX Backwards. If the value in the IQD does not occur up front all of the above will not take place. The Iraqi citizens need purchasing power. Look at what Alak stated (above). [post 2 of 2]
12-15-2016 Newshound Guru wmawhite ...this is the ever evolving discussion about how best to control the value of the IQD "on the street". Currently, the auctions are used for that purpose. it has been a failure. Now, everybody has an opinion about how best to do it. However, the Governor of the CBI just last week told the world how it will be accomplished; "He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar." Reducing the demand is giving value to the IQD so that all of those goods being bought with the USD is now bought with the IQD. Giving value comes from the CBI in advance, prior, before, all of these foreign investors. Not after! [post 1 of 2....stay tuned]
12-15-2016 Newshound Guru Kaperoni ...there is an article ...that does not sit well. CBI News. The article to me seems to be implying the CBI should just introduce a whole new currency at a 1 to $1 exchange rate. Which would not benefit current dinar holders. Not what the IMF nor the CBI have stated was in the plan. Not to mention a new currency with a random exchange rate would fail. I see this article as just another attempt to avoid what they should be doing. Like so often, Iraq tries shortcuts. There are no shortcuts. The IMF has clearly stated the plan for the dinar, it does not include a new currency. New lower denominations yes, but not a new currency. The issuance of a new currency would be counter productive for Iraq, especially with a few trillion dinar already circulated around world.
12-15-2016 Intel Guru Frank26 IMO...The Potential for them to complete the MR in 2016 is Conceivable to ...Plausible. [...if I hold the 500 note...no Kurdish language on them...will they still be good? I know [Guru] Delta said the 500 note would be the largest note after the three zeros are gone.] Yes ...They said co-exist up to 10 years.
12-15-2016 Intel Guru ADMINBILL TODAY STARTS THE WINDOW OF "NECESSITY" THAT SOURCES HAVE MENTIONED MUST BE DEALT WITH TO ACCESS CERTAIN ASSETS TO COMPLETE THE PROCESS.
LET'S SEE IF IT IS FACTUAL OR ANOTHER "LINE IN THE SAND" THAT IS ONCE AGAIN IGNORED OR IS MORE NONSENSE. I WILL LEAVE MY WINDOW THROUGH JANUARY OPEN WITH A PRAYER FOR US ALL THAT THIS TRULY IS THE END. Based upon the information and activities that has been coming in the past few weeks, that have elevated in recent days, I think that we may actually see action sooner rather than later.
12-15-2016 Newshound Guru firefly Quote: "Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains two exchange restrictions and one multiple currency practice (MCP) subject to Fund approval under Article VIII, Sections 2(a) and 3..." Straight from the IMF. ...talking past tense! no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2... Wow, wow, wow!!! [awesome news.] Yes it is. I see no hold ups whatsoever to date.
12-15-2016 Newshound Guru firefly [...i still do see how we all think that jan 2017 may be a change in the value...] If the project to remove the zeros begins as planned in early January 2017 wouldn't it logically need a change in rate 1st?
12-14-2016 Newshound Guru My Ladies AND I JUST WANT TO POINT OUT WHAT THE SDR BASKET IS AS PER THE IMF...THE BASKET IS EVALUATED EVERY FIVE YEARS AND WILL NOT BE EVALUATED AGAIN UNTIL 2020. THERE ARE ONLY 5 CURRENCIES IN THE BASKET AND THEIR VALUE IS DETERMINED DAILY... IRAQ IS AN ORIGINAL MEMBER OF THE IMF SINCE DECEMBER OF 1945 AND THEY PAY A QUOTA TO THE IMF JUST LIKE OTHER MEMBERS DO WHICH ALLOWS THEM TO BORROW AGAINST THEIR ACCOUNTS BUT THEY WILL NOT BE GETTING ADDED TO THE SDR BASKET AND NEITHER WILL ANY OTHER EMERGING OR FRONTIER ECONOMIES THIS IS A VERY COMMON MISUNDERSTANDING. [post 2 of 2]
12-14-2016 Newshound Guru My Ladies WHEN TALKING ABOUT THE REQUIREMENTS THAT IRAQ HAS AGREED TO IN THEIR LETTER OF INTENT TO THE IMF TO OBTAIN THEIR SBA LOAN...I WANTED TO POINT OUT THAT THEY DO NOT NEED TO DROP THIS PEG IN ORDER TO COME TO THE INTERNATIONAL MARKET...CURRENTLY IRAQ IS UNDER A STABILIZED AGREEMENT WITH A DOLLAR PEG. THAT MEANS IT IS ACTUALLY A DE FACTO PEG AS DEFINED BY THE IMF...EVERY CURRENCY NEEDS TO EXCHANGE AGAINST SOMETHING...SO THIS IS WHY THEY ARE COMMITTING TO THE DOLLAR PEG.. [post 1 of 2....stay tuned]
12-14-2016 Intel/Newshound Guru Mnt Goat Quote: "Steps to strengthen the legal framework of the CBI, remove exchange restrictions and implement AML/CFT measures are welcome. They will help to improve the integration of the domestic financial system into the global economy." Yes, you read this correct. They did say “integration of the domestic financial system in the “global” economy”. We all know by now what this, in part, means... Remember... Recently... the CBI came out and stated that they had tried to delete the three zeroes before in 2011, 2013, and 2015, but were delayed and plan on beginning the projects the first part of 2017...Three attempts that failed... hopefully, 2017 finally going through. [post 2 of 2]
12-14-2016 Intel/Newshound Guru Mnt Goat "IMF Executive Board Completes First Review of Iraq’s Stand-By Arrangement" Quote: "The Executive Board of the International Monetary Fund (IMF) today completed the first review of Iraq’s three-year Stand-By Arrangement (SBA), which is designed to support Iraq’s economic reform program and restore fiscal balance over the medium term." ...we still see proof that they need to move to an international market place. ...they will have to get off the peg if they move their currency international. Very important to remember that Iraq is still NOT in the SDR basket of currencies and are still pegged to the US dollar (for now…) ...my take [my opinion only]...is they MUST move their dinar international and allow it to circulate outside of Iraq if they are EVER going to grow the private sector in the way they keep telling us they want do. [post 1 of 2....stay tuned]
12-14-2016 Intel Guru ADMINBILL GOOD MORNING WXXXX AND SHIPS AT SEA BECAUSE IT APPEARS WE ARE PREPARING TO TIE UP TO THE PIER. I BELIEVE IT IS SAFE TO SAY THAT THE POLAR EXPRESS IS ABOUT READY TO PULL INTO THE STATION AND OKIE'S [GURU OKIE_OIL_MAN] PLANE HAS LANDED AND TAXING INTO THE TERMINAL. KEEP A SHARP EYE OUT FOR THE EXIT SIGN. [Wow, have we ever been this close?] NOT IF THE INFORMATION WE ARE HEARING IS ACCURATE. WE MAY ACTUALLY SEE A GREEN CHRISTMAS. I WILL SUBMIT THAT SOMETIME IN JANUARY IS STILL A POSSIBILITY BUT NO LONGER LIKELY.
12-14-2016 Intel Guru Bruce In terms of Iraq everything has been done in Iraq that needed to be done. They have the lower denominations put out and dispersed in ATM Bank machines, in banks and provinces. Have their rates been known Internationally yet? I don’t believe so. They talked about it, and lower denominations are in. That is all good. Their QI cards are charged up at a rate that is very good. I do believe things are in process. We are very close of the start of this blessing for us. We are in a situation we can go anytime. We are literally waiting for the release for everything to go. We will have an incredible Christmas and New Years. [post 2 of 2]
12-14-2016 Intel Guru Bruce Did anyone see the Operational United Nations site or check it today? The 13th is when the Operations rates suppose to be posted if there are any changes in them. The date it suppose to take effect is on the 15th. It is called the midmonth report. Today there was a note that there would be no mid month change of Operational rates. We had months were there was no change in the middle of the month, but not have a note say there will be a change on the 29th of December and effective 31 of December. They have never announced that as I just said. What does that tell us? The fact there is no middle of the month operational rate change tells me they want any rates we may see in the first basket currency be kept private. Kept quiet and not be out yet. [post 1 of 2....stay tuned]
12-13-2016 Newshound Guru Kaperoni Iraq: First Review of the Three-Year Stand-By Arrangement and Financing Assurances Review [Looks like from this article the IMF wants them to stay on the peg indefinitely until oil prices go up and ISIS is gone. They speak of Iraq being committed.] Until the conditions are created, I would expect so. That means until laws are passed and investors begin to come into Iraq we are at status quo.
12-13-2016 Intel Guru Frank26 ...on the 5th of December there was a meeting with the list of (agencies, etc) -- 3 letter agencies. All those agencies agreed on the 5th...IMO...to finish the budget and lift the rate of their currency. If the CBI was not so ready too...then the budget would not be so important. The budget is bringing them all together ...HISTORICAL! I believe they are shooting for that TARGET DATE...and it’s coming!
12-13-2016 Intel Guru RayRen98 [I need some clarification...and the general consensus is that this is Iraq’s call...is this Iraq’s party?] I’m sure it’s a collaborative effort between the US, Iraq, the UN and IMF and others. I think that a lot of us don’t understand that we are small fish in this deal; there are bigger fish to fry. Most of us have never been involved in something this big. There is much more going on here than the average person looks at or can understand if they are not involved in big decisions. The UN changes their rate sheet on the 1st and 15th of every month, so it might come out on the 15th because of that, or there might be other indicators that I don’t know.
12-13-2016 Newshound Guru Islandg1211 NOTHING, NOTHING, NOTHING...THEN SOMETHING! Recently...the CBI came out and stated that they had tried to delete the three zeroes before in 2011, 2013, and 2015, but were delayed and plan on beginning the projects the first part of 2017...Three attempts that failed...hopefully, 2017 finally going through.
12-13-2016 Intel Guru Frank26 Why did Exxon pull out of Kurdistan? Look at the front page of the Wall Street Journal. Why would a mega company pull out of Kurdistan? They know we have SECURITY. Maybe it was because of the BUDGET...they are in the process of lifting the 3 zeros...which they want to do by 2017. I believe that TODAY...there was a meeting to continue that same thought. They did so good with everything else. They caught them...RED-HANDED... corruption will be dealt with! We don’t give a damn about a date! We know that the blessing is coming! [post 2 of 2]
12-13-2016 Intel Guru Frank26 As far as the budget goes...Abadi is challenging the budget...they made a big mistake...(they meaning the ministers)... they misappropriated funds from the budget...and some were arrested. It is unconstitutional to make changes to the budget. Abadi saw that...and stopped it. The COM did not approve the budget. This budget...according to Abadi...will not be good until the council passes it. IMO – (and my Team)...the budget is only 1 to 2% away from being complete. In the past...if the GOI found a way to cheat someone (not a part of their tribe) – they would rip them off...but NOT now...things are changing. [post 1 of 2....stay tuned]
12-13-2016 Intel Guru RayRen98 All I’m looking for is the date because that is the only thing I can take action on. I already know that it’s done... I care about rates and dates, nothing else. We already know this is real. Iraqis in the US are using their cards and telling me that the calculations on their card come out to $3.71 – that’s real to me. When people are in Iraq or have just left Iraq and they have seen the value has changed in this area of that – that information is real to me. It’s a done deal; it’s over. We just don’t know the release date. Everything else is beyond our control. We are waiting, but not for long. So I like hearing the bankers saying the 15th, or between Christmas and New Year.
12-13-2016 Newshound Guru Kaperoni Article: "Is Iraq heading to float the dinar against the dollar?!" Quote: "...and these expectations (float Iraqi dinar) does not have any credibility at all and can not be done during the current year (despite the economic benefits), and the reasons for not float the currency back to the nature of the local economy being a rentier which means that he relies on oil exports..." This guy is right, they can't float the dinar at this time. Until the laws are passed and the market economy is started, investors begin to come into Iraq.
12-12-2016 Intel Guru Jester HERE'S THE DEAL...IT APPEARS AS IF EVERYONE THINKS THAT SOMEONE IS TRYING TO "PUSH" THIS THROUGH AGAINST SOME FORM OR RESISTANCE...AND THAT IS NOT THE CASE...THEY HAVE A PLAN... IT IS ALL WORKED OUT... AND THEY ARE WORKING TOWARD THE END GAME...
12-12-2016 Intel Guru RayRen98 Did we think we would still be here today? Yes, there was a possibility, but we might not be in a few more days – at least that is the thought. Iraqi television is still saying the same things, worded a bit differently. When we get to the bottom line, where are we? Most are saying the 15th...Everybody is definitely saying before the first of the year. It’s a wait and see ride before the last stretch. We are at the end, and the roller coaster is coming in to a stop.
12-12-2016 Intel/Newshound Guru Mnt Goat Remember it may not start at the value you all want (i.e 1 dinar to 1 US dollar on exchange). A significant increase means many different things to many different people. But think of this- when the CBI does make a move shortly it will FINALLY be a move in the direction we want no matter what...the rate is. YES FINALLY! We know that the CBI governor has said “the Iraq dinar will rise to it pervious glory days”. So during these next couple weeks I FULLY expect yet more of the re-education campaign by the CBI to teach the citizens what is about to happen. They still have not gone through all the details yet to the public. This will be our queue that we are yet even closer. Let’s all watch for these signs. [post 2 of 2]
12-12-2016 Intel/Newshound Guru Mnt Goat There is nothing but good news today to report. This means NOTHING negative stopping or postponing the CBI efforts in going forward in EARLY next year with the “project to delete the zeros...we should feel confident that we will see some movement very soon in the Iraqi dinar value. We are told we can expect some significant change in the currency value in the coming near future as in EARLY 2017. [post 1 of 2....stay tuned]
12-12-2016 Intel/Newshound Guru Mnt Goat The liberation of Mosul is going according to plan...and Iraqi forces expect to have control of the city within the timeline set out by Prime Minister Haider al-Abadi, who has said he wants to see the city free of ISIS by the end of this year. Then we see yet more news from Ammar al – Hakim....he now heads up the National Alliance, of which the Dowa party if only a part of but the largest party. I believe he is keeping Maliki at bay. So this week he said that "national reconciliation project is a strategic plan chosen to bring Iraqis under one umbrella." I believe the timing of this article in not coincidental and it is because the completion of Mosul liberation is imminent and they told us they want to target the rollout of the national reconciliation project with this event. They have told us they plan to implement this project following the liberation of Mosul. ...all this news is almost unbelievable as we watch and wait each day. We are getting VERY close to EARLY 2017 and so hang in there more great things are coming…
12-12-2016 Newshound Guru BGG "Ministerial council looking reinforcement provided by NATO to support Iraq contracts" NATO support... [They have come a long way in terms of professionalism and quality of individual...] They want "International acceptance" and support - this is exactly how they get it. ...they are on the road to restoration. Let's hope sooner than later. All indicator seem to point to something being "up"...
12-11-2016 Intel/Newshound Guru Mnt Goat I want to note also that yesterday the Ministry of Labour and Social Affairs of Iraq announced the issuance of more than 75,000 smart cards. So the citizens are moving towards having bank accounts as this is mandatory now if they want to get paid anything from the government i.e. pensions, salaries, etc. Why is this so good for us and our investment? Because this will create the needed liquidity in the banks which is a part of the banking reforms required by the IMF. [post 2 of 2]
12-11-2016 Intel/Newshound Guru Mnt Goat Recently we have read many articles as we witnessed the ability of the ATM machine to finally coming online (not yet filled with currency), the ability of the banks to electronically communicate with each other (electronic banking), and the ability to have a CREDIT system tracking each citizens credit rating and the ability of banks to provide credit based loans. This was and still is all very good and heading in the right direction. If fact these banking reforms are all happening now so fast that if you blink you might miss them. [post 1 of 2....stay tuned]
12-11-2016 Newshound Guru firefly IMO Iraq has only one chance to get this right. Once they implement the reform there is no turning back. They need to come out with absolutely no mistakes. So is this a delay or ...
12-11-2016 Intel Guru ADMINBILL DO YOU HEAR WHAT I HEAR? DO YOU HEAR WHAT I HEAR? SAID THE NIGHT WIND TO THE SHEPHERD BOY...THE WHAT IF'S CONTINUE...WHAT IF I SAID ALL CURRENCIES ARE PLANNED TO ROLL OUT BEFORE THE 20TH? WHAT IF I SAID IT IS HIGHLY LIKELY YOU WILL INDEED HAVE A VERY MERRY CHRISTMAS?
12-11-2016 Newshound Guru wmawhite Read this carefully, it is from a recent statement from the CBI: "noting that " the central bank began the first steps of the project through the selection of designs, companies and the country that will be done Print currencies. "He noted that" the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years..." "the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years," Now hear this! Your "ancient coins (translation... currency/notes)" ...in other words...your 25,000 IQD notes will always be 25,000 IQD notes. Eventually...as the larger notes are withdrawn from the marketplace...smaller notes will be needed because the price of goods will decrease, and such notes as the 25 IQD will be commonplace.
12-11-2016 Intel/Newshound Guru Mnt Goat First I am still hearing that early 2017 is the time frame to launch the 50, 100 and 200 notes. Why is this so important? These notes are on the list of the “new” lower denominations and must have some value and we know in order to do this there must be some kind of substantial rate increase very close to the dollar. Otherwise why would they bother spending large sums to design, print and launch these new notes?
12-10-2016 Newshound Guru firefly [just hoping this time its really gonna happen.] It IS happening before our very eyes...NOBODY knows the Date ,,,, it will just happen one morning when you wake up... But...I beleve if the project to remove the zeros begins as planned in January, something else has to occur 1st...Removing the 3 zeros refers to removing the 3 zero notes off the street...So what will they be replaced with? [the lower demons which would make them raise the rate] BINGO!
12-10-2016 Newshound Guru wmawhite When the word project is used...it is referring to many pieces /action items that make up the project...if they state removing the three zeros then IMO it is referring to the lowering of the note count...which has been happening for some time, as well as...the need for the larger notes not being needed in the market place, i.e...
"removing the three zero notes from the currency"...that statement was just recently used be Alak...this, IMO...means the increase in value of the IQD which will lower the price of goods in the marketplace, thus...removing the need for the three zero notes.
12-10-2016 Newshound Guru firefly If there is a real event rate change it WILL show at the CBI 1st! IMO even a 1-1 makes no mathematical sense comparing it to the 2017 budget.
12-10-2016 Intel Guru ADMINBILL REPORTS REMAIN THE SAME. LOOKS GOOD THROUGH THE END OF THE MONTH WITH THE 15TH AS A TARGET. AFTER THE INAUGURATION IS STILL IN PLAY FOR ME AS WELL. IMO.
12-10-20216 Newshound Guru rcookie Article quote: "And about the prospects for Iraqi dinar to float, like other countries in the region, this relationship does not arise in the present, and we are working on is not currency float, and the big difference between the two." READ THAT QUOTE FROM ALAK...AND ASK YOURSELF HOW DELUSIONAL YOU HAVE TO BE TO STATE AN ABSOLUTE VALIDATION TO THE FLOAT PLAN...WHEN IT CLEARLY STATES THE OPPOSITE...
12-9-2016 Intel Guru RayRen98 Last week I shared that I thought it would be the final Friday, but some things shared with us didn’t happen according to the plan. Half has materialized, and half is still to materialize. If it all happens according to plan, I do think this is the final Friday before the public release... everything is still the same, moving along. We are waiting for updates from Iraq. The Budget should no longer be an issue. There are still a few little points, but mostly it’s a done deal before 1. January. We are in that window of time that really makes this Christmas season different from the previous three, four, five years. The expectation is the same as last year but the parameters are different. With what we know to be factual, it’s a done deal – I just can’t tell you the exact day. I’m looking forward to bank activity next week, if everything goes forward as planned. [Can we talk about rates?] They are higher than what they were. The last rates I believe have been consistent, dinar = $3.71, dong = 47 cents...
12-9-2016 Newshound Guru mike I think the UST is there to cut off funding for terrorism and move Iraq into the 21st century in regards to banking. I also don't think they give a hoot about what Iraq does with their currency, as long as they're doing what the IMF is telling them to do, like stay pegged to the dollar, liberalize the foreign exchange and get control of the MCP... these guys aren't there for currency revaluation. No one can tell Iraq what to do, they are a sovereign nation and they make their own decisions. The UST, IMF and WB have been telling Iraq for years to fix the problems and they have ignored them, unless they wanted handouts, then things get done. We'll just patiently wait and see what happens...
12-9-2016 Newshound Guru rcookie BY MAKING THE DINAR WORTH .10 ...AH...NOPE...I DONT THINK SO...EVEN AT 1:1...IS THAT GOING TO BE ENOUGH TO PRY THE DINAR OUT OF THEIR COLD HANDS...AND GET IT INTO BANKS...BIGGER INCENTIVE...IMHO...AND THE OTHER THING THAT ARTICLE TELLS US IS HOW FAR ALONG THEY ARE IN THE REDUCE THE NOTE COUNT PROCESS...AND CORRELATION TO THEIR LIQUIDITY CRISIS...WHICH WOULD BE SEVERELY EXACERBATED AND PROMOTE HYPER-INFLATION BY SUDDENLY ENDING AUCTIONS...THEY NEED INCREASED PURCHASING POWER AT POINT OF SALE... [post 2 of 2]
12-9-2016 Newshound Guru FrostyTheSnowman Years ago, I remember reading an article that spelled-out Iraq's plans ... where they quote >>> ... "which will have three zeros removed to revalue them." ...IMO ... we're just about there!
12-9-2016 Newshound Guru rcookie Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if canceled , the exchange rate has become 3 or 4000 and maybe more" Quote: "And about the prospects for Iraqi dinar to float, like other countries in the region, this relationship does not arise in the present, and we are working on is not currency float, and the big difference between the two." THAT ARTICLE WAS ONE OF THE MOST INFORMATIVE WE HAVE EVER SEEN... HE TALKS IN SPECIFICS ABOUT THE...POLITICIANS AND MEDIA STATEMENTS WAGGING THEIR FINGERS ABOUT AUCTION FAILURE AND STABILITY OF IQD...AND HE SAYS IT VERY SIMPLY...YOU ARE NOT GOING TO STABILZE THE IQD BY TURNING OFF THE AUCTION FAUCETS...THE ONLY TRUE WAY TO DELIVER IQD STABILITY IS TO REDUCE THE DEMAND FOR THE USD...AND IDENTIFIES "STRUCTURAL CORRECTION OF THE IRAQI ECONOMY"...AND HOW DO THEY INHERENTLY REDUCE THE DEMAND FOR THE US DOLLAR... [post 1 of 2....stay tuned]
12-9-2016 Newshound Guru Shredd I see possible evidence of a continued managed float (with continued auctions) before a market-driven (and no auctions) free float. This is why I say this: "He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar." "Structural Correction" means a planned, controlled process. Additionally, if a free float and stopped auctions started now, it would "collapse" Iraq's financial situation. Bottom line, it's good to see this specifically being discussed. With the project to remove the zeros coming soon, let's watch what happens. [post 2 of 2]
12-9-2016 Newshound Guru Shredd Article: "The Governor of the Central Bank: no way to uninstall window selling the dollar, if the exchange rate became cancelled 3 or 4 thousand, maybe more/" As I read and reread through this, I look at the big picture which I always try to do. The scope of this is around the auctions. The cbi must keep them going to prevent collapse. They are the single most effective tool right now for the cbi to maintain stability in the currency. Future state, interest rates will become a primary tool. Now I know some people in the dinar world are going crazy because the word "float" is mentioned but... [post 1 of 2....stay tuned]
12-9-2016 Intel Guru Bruce We had information...that was indignant that this thing was absolutely supposed to have happened yesterday [Wednesday]. A lot did happened yesterday and more happened today. What happened yesterday was extremely big and meaningful. One thing that went on was the US became gold back officially. We had the gold treaty witnessed by the IMF, the World Bank, the World Court, and by the US Treasury. That gave us a gold back currency which was announced basically through the banks around the world by this morning. That was huge. I heard the UN suppose to have made an announcement this afternoon, but I have not uncovered the proof... This puts us in a new light. Each country is now asset back, gold back around the world. ...the Islamic gold agreement was passed so those countries in the Middle East could be gold backed. We understand they are as well. ...my understanding is everything is in place. There might be a few details here and there that are being cleaned up, but I really think we are in a place where we can have an outstanding next few days. ...I think we should have the best Christmas ever.
12-9-2016 Newshound Guru mike It's clear that Keywords knows that if they unpeg today, the dinar will crater, with no economy to support it, there's no demand. Now all Keywords (and the rest of us dinar holders) need is for Parliament to sharpen their pencils and get this legislation passed to create the needed economic activity to empower the dinar. From what I can tell, Iraq is going to follow the advice of the IMF and keep the dinar pegged to the dollar, keep the auctions going and push Parliament to enact the needed economic legislation. Once that's done they'll get the MCP straight and the system liberalized, and then slowly begin adding value to the dinar...Iraq has a lot of work to do and it's becoming more and more obvious that the dinar isn't severely undervalued... Heck, even today, the street rate is almost 10% less than face value. Once the legislation is passed and the IMF requirements are met and the dinar moves to Article VIII, then I'll get excited. Here's hoping the reserves will last that long.
12-8-2016 Intel Guru Frank26 ...ATM Machines! The CBI believes that this is how you get the citizens to open accounts BEFORE the end of the year! Freakin’ brilliant! ...the ATM machines … outside of Iraq … the fees will be much higher. This is the key … the ATM machines! To get the dinars out of the country … good grief … they just told us they were going INTERNATIONAL! ...one of the state bank managers said that the ATM machines were nice...but they couldn’t use them until they lifted the 3 zeros! The software in these ATM’s ONLY works with the Lower Denoms!! These ATM’s do not accept the 3 zero currencies!!! The ATM’s that came out of nowhere between...is a sign of being INTERNATIONAL!
12-8-2016 Intel/Newshound Guru Mnt Goat Article: "WITHDRAW YOUR MONEY IN IRAQ FROM ATMS" Quotes: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country. " "Rafidain Bank, announced Tuesday, for the high number of its branches to 165 branches after the opening of a new branch in the province of Maysan, stressing his quest to expand his work locally and internationally." ...so here we go...Rafidain bank going full scale now on the implementation of the divider system. Basically rolling it out to all branches. This exactly what we expected and need!
12-8-2016 Newshound Guru Adam Montana [Any good news towards the hcl yet.] The HCA has been included in the budget for some time, and since they are making solid progress on the budget I consider that to be positive. No actual HCL yet, but it's coming. [At this time, just what are the main hold ups on the HCL?] The HCL is in a great spot right now, there's really nothing holding it back! It's just a matter of paperwork I think. That's going to take time, but I don't see it taking a long time anymore.
12-8-2016 Newshound Guru 1bobby [They passed the budget?] To my knowledge...yes. It's a good day to be in this investment... It's done...To include the 17% to the Kurds...23% Defense spending... They've published it... One of the articles voted on requires it to be published in the Gazette... I was surprised they did it... Now that doesn't mean that they can't or won't come back with minor adjustments as they move ahead...
12-8-2016 Intel Guru ADMINBILL THURSDAY IS HERE AND WE ARE STILL VERTICAL AND SUCKING IN AIR. THAT IS A GOOD THING! IT ALSO MEANS YOU ARE STILL IN LINE TO BECOME A LIVING DINAR EXCHANGER SOON. THE INFORMATION RECEIVED UP UNTIL LATE LAST NIGHT LEADS ME TO BELIEVE THAT THE PROCESS IS AS FOLLOWS: BANKING CONTACTS ARE TELLING CONTACTS THAT THE (DINAR, DONG, ETC.) PROCESS WILL BE DONE THIS MONTH WITH THE GOAL OF THE 15TH. ...RUMORS PERSIST THAT THE EXCHANGE MAY NOT HAPPEN UNTIL AFTER THE INAUGURATION.
12-8-2016 Newshound Guru Kaperoni ...we have confirmation that the CBI is, in fact, working to meet what the IMF stated in 2012 which said..."staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect," Article quote: "but we are working to free the currency instead of controlling it." ...the very definition of a free float is "free the currency instead of controlling it." Allaq has made it clear they working towards such an event (which is great confirmation). We just don't know when. ...I believe they will have to get off the peg in the near future since they are in the process of launching the market economy. Time will tell.
12-8-2016 Intel Guru Frank26 Somebody called me...yesterday...they said...“are you sure that the IMF is demanding that Iraq raise the value of their currency, in order for them to get the 2nd loan?” I said “yes.” I believe they are about ready to get their loan...which means they are about ready to raise the value...IMO. Article quote: "The remaining funds will be disbursed contingent on certain performance criteria consistent with the program's objectives to reform Iraq's financial and economic policy." In order to get the 634 Million Dollar loan...the funds are CONTINGENT ...to the reform of Iraq’s financial policies. What are those? To raise the value of their currency. What else? They must remove the RESTRICTIONS of the CURRENCY EXCHANGE...The program rate is a restriction. Article quote: “… it will SIGNAL that the currency can be freely exchanged..." This is impressive!!! ...it is CONTINGENT...this loan... for the IMF...to see that the MR has to improve and there is so much evidence all over the place. This is amazing!
12-8-2016 Newshound Guru rcookie Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if canceled , the exchange rate has become 3 or 4000 and maybe more" Quote: "He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar." [This means they have to make their currency aceptable in the world's marketplace so there would be no need for the USD.] THAT IS EXACTLY RIGHT! ITS A PRETTY PAROCHIAL CONCEPT... ACHIEVE IQD STABILITY = REDUCE USD DEMAND IN MARKETPLACE...
12-8-2016 Newshound Guru mike ...they won't be able to RV at 1-$1, there's 60 trillion in M0 money supply. Even if they came out at a nickel there'd be $3 trillion dollars worth of dinar, which is roughly what the US has. There's no way a country with a GDP of roughly $170 billion can carry that much in circulation. They have to slowly raise the value of the dinar as the economy grows, there's no shortcuts.
12-8-2016 Newshound Guru Kaperoni More great news! CBI announces the launch of mobile banking. Welcome to the 21st century Iraq! Let me show a list of what occurred in last few days...mobile banking, electronic credit sharing, ATM's, Allaq talks floating the dinar. Not to mention the 2017 budget passed today. Is this Iraq? Lol.
12-8-2016 Intel/Newshound Guru Mnt Goat Article: "Deputy: the budget approved in full, the parliament added nine paragraphs to finalize the draft budget law" So the Kurds got the HCl provisions now passed in a legal law (the 2017 budget) so let’s see what this brings…By the way the passing of the budget in NOT tied to getting the RV once approved. There is no trigger to this event with the RV! However, they do need the budget to get the $$$ from the SDR loan installment by the end of 2016. They also need the launching of the currency reform going forward into the first quarter of 2017 to get anymore installment $$. This I know as a FACT! ...So let’s see what EARLY 2017 brings us...I also want to emphasize one more time – there is no RV unless the lower denominations are launched first in the “project to delete the zeros”. The CBI has told us multiple time this will not occur until EARLY 2017.
12-7-2016 Intel Guru RayRen98 Budget: PASSED...We were getting blow by blow reports. Item by item as each passed. Each one being approved and hassled over...Everybody in agreement what is in it. Goes into effect January 1, 2017. Expectation and anticipated it means a revalued currency...and promised, but it still remains to be seen. If I’m asked for a deadline date, I will still say Jan 1, 2017. Rate: May not be revealed until it goes into effect January 1. I’m at this resolution, “It’s Done!” When will we do an exchange? I’m still looking at this week...based on information. CBI Governor on TV said the rate will be global...That they do not want it to float...yet.
12-7-2016 Intel/Newshound Guru Mnt Goat Note that the CBI is ONLY telling us the mechanisms are in place ready to use the machines, but not yet. We know the other half of the story is not yet in place...that of the new lower denominations being put into the machines. Remember they do not want to disperse more of the 3 zero notes since they collected nearly 80% of them already out of circulation. This is why they moved to all this new technology and SMART card (debit card) processing. So they will not have to put them back into circulation. ...So this is very, very good news. Are they getting ready to load these ATMs now with the lower denoms? Hint...Hint...Hint! [post 2 of 2]
12-7-2016 Intel/Newshound Guru Mnt Goat Article: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country." Now they are telling us that the “divider” allows the holder of a credit card issued by a state bank and has the ability to allow special withdrawals of money from any automated teller machine (or ATM) and this is now widespread across the country. We knew almost 5 years ago that a contract went out to install ATMs throughout major cities in Iraq. These machines laid dormant and still remain empty as they are not designed for the large 3 zero notes and can not process them for cash withdrawals. [post 1 of 2....stay tuned]
12-7-2016 Intel Guru ADMINBILL WHERE ARE WE TODAY WITH THE RV? I BELIEVE WE ARE RIGHT WHERE WE NEED TO BE. IT APPEARS IRAQ HAS FINALLY BEEN GIVEN A LIGHT GREEN LIGHT TO MOVE FORWARD WITH THE FINAL IMPLEMENTATION OF THEIR BUDGET AND LAWS AS A PRECURSOR TO THE SOLID GREEN LIGHT FOR THE IMPLEMENTATION OF THE RV. I BELIEVE THAT MAY STILL BE A WEEK OR TWO AWAY...IT APPEARS OBVIOUS THAT WE ARE BACK ON TRACK TO WHAT COULD BE AN INTERESTING NEW YEAR AND, HOPEFULLY, A WONDERFUL HOLIDAY SEASON.
12-7-2016 Newshound Guru Kaperoni Nice. Good to see parliament accomplish something. 2017 budget now passed.
12-7-2016 Intel Guru Delta Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if cancelled, the exchange rate has become 3 or 4000 and maybe more" Quote: "And about the prospects float Aldenarabraghi, similar to other countries in the region, he said: / This Alammergarmatarouh sealed the moment, we are working on Thariralamlh not floated, the difference Kparbin Monday " HE IS SAYING NO FLOAT...SET RATE.
12-7-2016 Newshound Guru Kaperoni Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4000 and maybe more" Quote: "...we are working to free floating currency..." ...direct from governor of CBI. Words in article...are absolutely validation on the plan... CBI Governor confirms float of the dinar. Though great news and vindication, he says they are not ready yet. I can wait. ...today's news is absolutely amazing and validation we wanted to hear.
12-7-2016 Newshound Guru Stryker Iraq's 2017 Budget Voted Into The History Books.
12-7-2016 Intel Guru Bruce I am excited. In terms of Intel guys, the Intel we have been putting out has been coming out from my sources only. Intel wise we are about as button up as we can be for this to go. We are waiting for us to be notified. Things are happening in Iraq and the Middle East making this thing happen. I think this week is still our week. The Islamic Gold Standard Agreement what was holding this RV up from what we understand. The Islamic Gold Standard Agreement was passed. That was huge. The law was changed so the currencies in the Middle East could be gold backed. Even though it is Tuesday we have a lot of week to go. I want everyone to stay ready for this at any moment. Let us see what happens.
12-7-2016 Newshound Gurus Kaperoni & Admin Bob Article: "Central Bank announces start the exchange of credit information system "electronically" Quote: "Iraqi Central Bank announced on Tuesday, to work with an electronic system for the exchange of credit information, explaining that "this system allows the government and private banks to the exchange of credit information among themselves and between the Central Bank of timely and reliable manner" Another very signifcant banking announcement came today. The Central Bank of Iraq announced the launch of the electronic system for the exchange of credit information. More good news for sure.
12-7-2016 Newshound/Intel Guru BGG ...there is SOOOOO much great financial / economic / legal news... lately...how can we NOT be really jazzed about where things are? The general consensus - we are in a VERY SHORT window... things are moving fast for Iraq right now...
12-6-2016 Newshound Guru Kaperoni The CBI is clearly doing it's part to kick start the market economy, loans, electronic banking, credit reporting, it's now up to parliament.
12-6-2016 Newshound Guru Enorrste Article: "Finally .. withdraw your money in Iraq from ATM" Quote: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country." Not to be a naysayer, but we all must also recognize that in order for anyone to use an ATM machine in Iraq they must first have a bank account. We may be putting the cart before the horse here. The problem is that people don't use the banks. Thus, they may not use the ATM machines. Of course foreigners could use them, and that satisfies a portion of the "international banking" that KAP [Guru Kaperoni] has referred to. But I won't get too excited until I see deposits into banks from locals rise. [reference Guru Kaperoni post 12-6-16]
12-6-2016 Newshound Guru rcookie and BGG SO UNTIL THAT BUDGET IS VOTED ON AND PASSED...WHAT DOES THE IMF & IRAQ HAVE TO MEET ABOUT... Article: "IMF Executive Board Completes First Review of Iraq’s Stand-By Arrangement" Quote: "December 5, 2016 IMF disburses about US$617.8 million following completion of first review of Iraq’s reform program" Wooo POOOOWWW!!! [post 2 of 2]
12-6-2016 Newshound Guru rcookie THE IMF REVIEW IS A CHECK AGAINST IRAQS COMPLIANCE TO FISCAL REFORM COMMITMENTS...IRAQ MADE IN MAY (AHMAN,JORDAN) IN ORDER TO BE APPROVED FOR THE 1ST PART OF SBA FUNDS ACCESS...THE COMPLIANCE CHECK AGAINST FULLFILLMENT CAN ONLY COME FROM 1 SOURCE... [Passing the budget and passing laws?] THEY HAVE BY ALL REPORT ACCOUNTS MET THE REQUIRED REVENUE & EXPENDITURE MANDATES IN THE APPROVED DRAFT OF THE 2017 BUDGET LAW...BUT STILL REMAINS A REPORT UNTIL IT IS VOTED INTO LAW... [part 1 of 2....stay tuned]
12-6-2016 Newshound Guru Kaperoni Article: "Finally .. withdraw your money in Iraq from ATM " I do...believe this is a significant step forward for Iraq as this advancement will improve Iraq's banking system activating e-commerce, ATMs, electronic transactions, etc. As stated in several articles this is necessary to meet international standards. Which we know is a requirement for international banking and eventually Article VIII. All measures that will help the dinar appreciate when the time is right. All of this will have an effect on corruption. And show the global financial system Iraq is ready for international transactions.
12-5-2016 Intel/Newshound Guru Mnt Goat Many have requested from me updates on the VND and the ZIM currency revaluation. So here is my opinion... the Iraqi dinar revaluation is the ONLY currency we know of that has the most likelihood of any significant change in value in the near future that could make you a millionaire overnight.
12-5-2016 Intel Guru RayRen98 ...we are still waiting… on the IMF review, on the budget information, and we may not hear anything on either point until tomorrow. I don’t think anyone knows how long we are to wait on this. Everything still looks good. I am looking for this to happen this week.
12-5-2016 Newshound Guru BGG IMHO - the IMF wants them to start acting like a real country, pass budgets correctly and on time, pay their bills - kick out terrorists, don't pursue their political adversaries in a "police state" sort of way ...either way - IMF, UN, WB has had enough.
12-5-2016 Newshound Guru Kaperoni Article: "Finally .. withdraw your money in Iraq from ATM" Quote: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country." Good news. Project "chucked" or project "divide" whatever you want to call it has been talked about for several years. Finally, it is operational. ATM'S are now active in Iraq! Woo-hoo. This is a critical step towards bringing Iraq's banking system online and up to speed with the rest of the world. For those who say "Iraq never accomplishes anything," this is a milestone.
12-5-2016 Newshound Guru ADMINBILL IMO...THE NEWS COMING OUT OF IRAQ IS INCREDIBLY GOOD AND SHOWS ME THEY ARE ON THE BRINK OF COMPLETION BUT HAVE NOT BEEN GIVEN THE GREEN LIGHT TO OFFICIALLY APPROVE THEIR BUDGET AND OTHER ACTIONS. LET'S SEE WHAT HAPPENS TODAY AND TOMORROW.
12-5-2016 Intel/Newshound Guru American Contractor Iraq government officials would like to see the country increase the oil production before any serious work on the Iraqi currency is completed. The redenomination is the start of the successful macroeconomic stabilization and will not alter the value of the Iraqi dinar currency. Currently, the economy has not stabilized itself enough as prior to June 2014, when terrorists moved with speed in northern Iraq. The Financial Advisor to Iraq, Prime Minister, Mohammed Saleh has recently said that there is a legitimate concern for bankruptcy because of an increase in the government pensions since 2003... The Iraqi government applied for a loan from the IMF (International Monetary Fund) and the loan came with stipulations. For one, the IMF would like the Iraqi government to reduce the salaries paid to retired government employees. The IMF has not stated what the ramifications would be if the Government of Iraq did not comply with these terms. [post 3 of 3]
12-5-2016 Intel/Newshound Guru American Contractor The Iraq Central Bank (CBI) has decided to continue with the delete the zeros project or better known in the financial circles in Baghdad as the redenomination of the Iraqi dinar currency. The CBI has started printing the 50,000 (50k) Iraqi dinar currency banknote and will print the 100,000 (100k) Iraqi dinar currency banknote shortly thereafter. The printing of the 100k has not yet started, and talks continue on about printing a 200k banknote. You may also find it surprising that the low denominations currently in circulation will be removed from Iraq. That announcement is expected to come later in the year. [post 2 of 3....stay tuned]
12-5-2016 Intel/Newshound Guru American Contractor Things in Iraq are going as well as can expected in light of the happenings there. All considering that the Iraqi government has been at war with the Islamic State of Iraq and the Levant (ISIL) since June 2014. Things appear to be looking up for Iraq as the Iraqi Security Forces (ISF) have surrounded the city of Mosul and are currently cutting off all escape routes for the ISIL terrorists. ...the private banking system continues to work at minimum modern day banking standards. The banking system is underdeveloped and is a cash based system the majority of the time. Very few banks issue bank credit cards, wire money, issue loans and/or make deposits. [post 1 of 3....stay tuned]
12-5-2016 Intel/Newshound Guru Mnt Goat There was a very good article that came out on another rate increase for the Iraqi dinar. This rate increase should not be confused with the project to delete the zeros. This article is talking about raising the rate in the “closed” Iraqi economy and has nothing to do with going international as of yet, which is what is going to get us the money we are looking for as investors. Again I will clarify – there has NOT been any RV in Iraq and the lower denominations are NOT out on the streets or being used by the banks. We do know the CBI has told us that in early 2017 in conjunction with the “project to delete the zeros” they intend to launch the 50, 100 and 200 dinar notes. This means at this time (as in 2017) they will have to do something with the rate or else these notes would be virtually worthless to the average citizen as they would be worth only 5 cents, 10 cents and 20 cents accordingly. This is really good news and so don’t lose sight of it. Can they change their minds and delay it? Sure but we have not heard any new news to tell us otherwise.
12-5-2016 Newshound Guru Stryker 2017 Budget Update for 12/5/2016: Parliament postponed the third reading of the 2017 Budget yesterday to today after reading and passing Article 50 but there are still some Article areas that are in need of work and they are working on those today. The Kurds are boycotting today's session along with a few other oil rich provinces but it will all be worked out in time.
12-5-2016 Intel Guru Dr. Clarke We've made it crystal clear, even from the beginning of this 2016 Year, that this was all going to be completed IN THIS YEAR OF 2016, in our opinion. We've also made it crystal clear in our most recent posts, about this month of DECEMBER, 2016...and in particular from the 15th-31st. Nothing has changed.
12-5-2016 Newshound Guru BGG Article: "Iraqi parliament accepts proposal to pay Kurdish gov’t employees in return for oil" Isn't this a little like "Water is wet"...or "we've agreed to do everything we've already agreed to do..."... correctly this time...the fact of the matter is this... the IMF is looking over their shoulder - they HAVE TO GET THIS DONE...
12-5-2016 Newshound Guru MadDScout Article: "Iraqi parliament accepts proposal to pay Kurdish gov’t employees in return for oil" This is the Kurdish portion that has been approved not the vote on the Budget...That will be Monday at 1PM
12-4-2016 Intel Guru Dr. Clarke ...We can’t even BEGIN to speculate on where the Rates will begin or go. However, based on prior values, economic factors, country(s) histories, and current world market conditions - the rates will be “Better than Good”...in our Speculated Opinion(s). Be Very Optimistic.
12-4-2016 Intel Guru ADMINBILL I HAVE BEEN INFORMED WE WILL SEE THIS OVER THE NEXT 36 HOURS, AND IT WILL KEEP ROLLING FROM THERE...THE SOURCES ARE VERY, VERY GOOD. [...are you excited!?] VERY - 11 YEARS IS LONG ENOUGH! LET'S SEE WHAT THE NEXT 36 HOURS BRINGS. BUT REMEMBER 36 HOUR USUALLY MEANS 72.
12-4-2016 Intel Guru Dr. Clarke [As I understand the question...about where all the money was coming from to facilitate this Dinar exchange, Iraq doesn't need to have much, or any of the money.] ...each country, exchanges at their country rates, in their currencies, through their own treasuries...in our opinion.
12-4-2016 Newshound/Intel Guru BGG Article: "Urgent Jubouri declared the readiness of the budget and printed for a vote" they have been working on it....it will happen...they HAVE TO - IMF is likely pushing this. [sounds like they are voting on it now...as we speak.] That is what I gathered... however, we are a world away and this is Iraq... we should wait and see.
12-4-2016 Intel Guru Dr. Clarke [Are you still believing that the International public rv won't happen until after Dec 15th?] It’s going to happen ON or After the “15th”…DECEMBER 15 - 31, 2016...”OH WHAT FUN, IT IS TO RIDE, IN A ...” Your Bell, is about to be JINGLED...
12-3-2016 Intel Guru Dr. Clarke ...right now as we speak, the Dong rate on XE is 22,696 = $1...oh, and just so you know, right now as we’re looking at XE, the Iraq Dinar rate is 1,156 = $1...so it’s a little more valuable, and a little off the 1166 rate a tad, which means the value has moved up just a little...but the Dong value, has gone DOWN a little...that’s why we’re calling this recent move by VN to raise the Dong to the 22,700 range, a “Setup”...right before they SIGNIFICANTLY INCREASE IT’s value.
12-3-2016 Intel Guru ADMINBILL I AM LOOKING FOR THIS WEEKEND. IF THAT DOESN'T WORK OUT, I WILL KICK THE CAN DOWN THE ROAD ANOTHER WEEK. BUT MY MUST DO GITT'ER DONE DATE IS SHORTLY AFTER THE INAUGURATION. FOR THE MOST PART THE CONSENSUS FROM THOSE BEHIND THE SCENES AND THOSE IN THE FOREFRONT BELIEVE WE ARE AT THE END. IT REMAINS A PROCESS. AN EXCEPTIONALLY COMPLICATED AND PRECARIOUS ONE THAT HAS BEEN AND IS CAREFULLY MONITORED TO INSURE NOTHING, AND I MEAN NOTHING, WILL GO WRONG.
12-3-2016 Intel Guru RayRen98 We are seeing cars with ridiculous prices on sites in the Middle East, like an automobile for 149 dinar – even at $4 per dinar, that’s absurd. Others are being shown at 14,000 dinar, which at $4 rate would be $52,000, which is more reasonable. If the rate is $3, then it’s 39,000 dollars, which is more reasonable. Iraqi television is saying that ‘mosul is imminent”, which is better than Abadi saying “Mosul will be liberated by the end of the year”. People over there are saying the rates have changed in-country, ranging from 86 cents to $1.16. Basically, the dinar is at 1:1 parity with the dollar. We are looking forward to this closing out this weekend, ready for the IMF meeting on Monday, 5. December. If everything stays in accordance with the plan as I am hearing it, we will see a full public release this weekend...Everyone is waiting for the full Iraqi dinar. That’s the one I came on board for, and the other currencies should follow suit. [post 2 of 2]
12-3-2016 Intel Guru RayRen98 We can’t do anything about those holding the strings, but we can look to Iraq to see how close we are to the finish line, ready to step over. I think we have more sound information than in the past. We got all these bits of information, and they all boiled down to yesterday, with the new banking laws, the Budget, the IMF loan, and so on. Because we don’t have a public release right now, that doesn’t mean we won’t have one this evening or this weekend. A lot of things have been done to bring this public. I don’t see anything else that needs to be done... The Budget has supposedly been postponed until Saturday, but we know they are trying to get this done, and it really has to be done by Monday, when the IMF meets. The Budget is supposed to have the RV factored in. [post 1 of 2....stay tuned]
12-3-2016 Intel Guru Dr. Clarke [If Mosul is not finished in December, will that delay this longer due to “security” concerns?] As of “Right Now”, the TIMING of Mosul, is irrelevant, as to the increase and International status release of the Dinar. Nothing you hear or see about Mosul, will be an accurate description of what’s really going on there, especially from here on out - and that’s why you hear so many reports that conflict with each other. It’s supposed to. This is war. Forget about Mosul and the timing of the Dinar. We’re now past that stage of concern, and strategy. ISIS is already contained enough, and has been for a few weeks now, in order to increase the value substantially and make it International in status - OFFICIALLY - which means it’s FORMALLY ANNOUNCED & printed on the CBI WEBSITE. Until this happens, it’s ALL just hearsay, and means nothing - BECAUSE, you can’t go exchange it - YET.
12-3-2016 Newshound Guru Breitling Here’s the difference between Iraq and Turkey…the one thing you need to understand is that Turkey got rid of the three zeros on it’s notes. In other words their note count never changed. They never took any notes out of the market…why is Iraq taking physical notes out of their market? ...Turkey took three zeros off their currency, they didn’t take any physical notes out…they pretended they reduced the note count by taking the three zeros off the notes. We know Iraq is not doing the same thing. Why? Because they physically took notes out of circulation. They already retired the 50 dinar note. So they went from 9 billion notes to 6 billion notes. Did they take any zeros off in that process? No! They went from 6 billion to 4 billion. Did they pretend there were any zeros off their notes at any time? No! Did they retire any notes that they had out there? Yes…they retired the 50 dinar note. How people don’t see the difference..either they don’t or it’s just too much to handle. This isn’t for everybody…It can’t just be on hope and prayer cause you end up loosing. There has to be logic somewhere.
12-3-2016 Intel Guru Blondie Article from Iraq surfaced within the last number of hours quoting U.S. Secretary of Defense Carter Ashe as saying "he was confident that the days of a few Daesh in Mosul." Great news! Formal Mosul liberation appears to be close at hand!
12-3-2016 Newshound/Intel Guru BGG ...they are working with us, the IMF, the UN and the world...they need international acceptance. Iraq's currency situation is getting better and better - ISIS money being destroyed. AND - we've got the major players hunting "smuggled currency"... DAILY. My guess...there is likely 10-20% of the outstanding currency there was a couple of years ago... Economic and monetary reform is already on the way (started)... HANG ON!!
12-3-2016 Intel Guru Bluwolf We are close people. All the loops both on the political as well as in greedy established ones have been dealt with in its entirety. One last word, just have everything ready.
12-2-2016 Intel/Newshound Guru Mnt Goat What’s the latest news on the 2017 budget? We heard they were still supposed to conduct a final vote on the budget on Thursday, yesterday. Quotes: "The House Finance Committee has ruled, Thursday, to try to pass the financial budget for the year 2017 Law on Saturday, attributed the reason to the existence of fundamental differences." "it is difficult to pass a budget next Saturday." so the budget will probably not go for a final vote on Saturday either and will be delayed yet further. No new date has been given but I guess they will come out with some more news after Saturday’s meetings.
12-2-2016 Intel Guru Dr. Clarke [Your earlier post stated they were trying to get this done ASAP. Is it possible I know you said after 15th do you feel we could possibly have it before Christmas.] YES, we Believe that there is a very strong possibility that Public exchanges will take place, even the week of Xmas. Friends, Dec. 15 is a key date, and the few days that follow that...and if it doesn’t pop out then, it gets stronger and stronger, the closer we get to December 31...for MANY REASONS... [reference Dr. Clarke's posts 12-1-2016 and 12-2-2016]
12-2-2016 Intel/Newshound Guru Mnt Goat We can see so much progress in the direction of going international. Just recently the CBI itself made an announcement that the CBI bank will start applying the certified standards internationally aimed at cutting off funding for the organization (Daesh) and other terrorist organizations and to prevent money laundering. The governor also told us that this effort does effect the project to delete the zeros and that it could not be moved forward without this effort first. He also said the project will not be completed in December.
12-2-2016 Intel Guru Frank26 ...know this...When it happens it will be posted on the CBI website with no celebration in Iraq. It will simply be another day.
12-2-2016 Intel/Newshound Guru Backdoc WE ARE VERY ENCOURAGED BY A DECEMBER TO REMEMBER! SOON "THE RACE" WILL BEGIN AND WE MAY ALL FIND OUR SELVES WITH NEW CHOICES AS IRAQ TAKES THE INTERNATIONAL STAGE! REMEMBER, "ONE IS THE LONELIEST NUMBER"! IRAQ WILL CLIMB IN VALUE OVER THE NEXT SEVERAL MONTHS AS IT BECOMES THE STRONGEST CURRENCY IN THE WORLD! BLACK GOLD WILL BE A PLAYER FOR THEM BUT THEIR MINERAL WEALTH WILL BE THE GAME CHANGER! THEY HAVE THE LARGEST PHOSPHORUS RESERVES IN THE WORLD WHILE THE WORLD IS AT CRITICALLY LOW LEVELS! GOLD AND OTHER PRECIOUS METALS ARE RIDICULOUS. THEY HAVE HIDDEN THIS MOSTLY FROM THE MAINSTREAM BUT IT WILL EVENTUALLY ALL COME OUT! THERE ARE GREAT DAYS AHEAD AS IRAQ BEGINS TO DIVERSIFY ITS ECONOMY! ...IMO.
12-2-2016 Newshound Guru rcookie [I have heard that they have to RI or RV to get their loan...?] NO...IT IS ABSOLUTELY NOT TRUE...THE IMF LAID OUT EXACTLY WHAT IRAQ NEEDED TO DO TO QUALIFY FOR THEIR ACESS TO SBA...EXACTLY...JUST AS THEY DID FOR PREVIOUS SBA'S...SMP'S AND RFI'S....AND NOWHERE...NOWHERE HAS THERE EVER BEEN EVEN REMOTELY A SUGGESTION OF SUCH...EVER.
12-2-2016 Intel Guru ADMINBILL IT APPEARS THE TRAIN MAY BE ABOUT READY TO PULL INTO THE STATION. HAVE YOUR BOARDING PASSES READY FOR THE CONDUCTOR TO PUNCH, AND PRAY THE RAILS RUN STRAIGHT AND TRUE. THERE HAS BEEN SO MUCH POSITIVE IN THE WAY OF POSITIVE MOVEMENT IN THE LAST WEEK THAT EVEN SOME OF THE NAYSAYERS ARE OPTIMISTIC FOR DECEMBER (AND I DON'T MEAN LATE DECEMBER). TIME WILL TELL, OF COURSE...
12-2-2016 Intel Guru Dr. Clarke [Will the iqd exchange at face value times the international rate or will it exchange at face value minus 3 zeros times the international rate?] Face Value. The 000’s value, will remain on your currency at exchange time, regardless what Iraq does internally with theirs...In our opinion.
12-2-2016 Newshound Guru Shredd Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" Quote: "...the bank will start applying the certified standards internationally in this regard the beginning of December next,with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard." Good to see the banking system coming of age. This is great to see and proof the CBI is moving forward with their plan to have a banking system that is on par with other advanced economies. They are moving fast and forward and will be key in this next phase of the project to remove the zeros." This is showing us that all the ducks are in a row with the exception of national stability. With the battle being won over Daesh the stability is very, very close. So close that on 11/29/16 Prime Minister Abadi said "The Prime Minister reiterated, Haider al-Abadi, he will complete the implementation of military plans in Mosul by the end of this year, expressing hope that the restoration of the city battle ends soon."
12-2-2016 Intel Guru Dr. Clarke [As this crazy world turns so does the reality this will likely go into 2017.] This is NOT going into 2017. NOT. You may decide to EXCHANGE in 2017, but that’s it.
12-2-2016 Newshound Guru tlm724 Saleh announced on 11/27/16 that there will be a new bank to finance trade and private sector thus creating a single window for the purchase of USD and eliminating the CBI having to deal with it. There will very strict guidelines as mentioned in the article above and that will eliminate the fraud and corruption of the auctions! Things are shifting in our favor. We have a great chance of seeing huge progress in the delete the zero's project in the coming months... It wouldn't surprise me to see the HCL and the agreement with Kurdistan finalized as well...good days are just ahead! We have the IMF holding one hand of the CBI and the US Treasury holding the other. Be kinda hard to mess up with that combo at your side! Appears all systems are go just gotta restore stability... [post 2 of 2]
12-2-2016 Newshound Guru tlm724 Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" Quote: "...the bank will start applying the certified standards internationally in this regard the beginning of December next,with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard." I am so encouraged by this statement from the governor of the CBI for multiple reasons. On March 3rd, 2015 he gave the green light for the deletion of the zero's... And...within the budget of 2015 they stopped the auction of the US dollar albeit only temporarily, they jumped the gun on that one. This years budget is still being negotiated. [post 1 of 2....stay tuned]
12-2-2016 Newshound Guru Kaperoni I remember years ago we... discovered the true intent was to float the dinar... Now I think most agree a RV is not practical and a float is the most likely.
12-2-2016 Newshound Guru MadDScout Article: "Iraq seeks to modify and activate the strategic agreement with America." Quotes: "Iraqi foreign revealed the formation of an Iraqi Committee to review the strategic framework agreement with Washington, the last joint meeting demand on some major points." "Iraq is a breeding ground for all States of the world and not only the United States," reclining on the security position is no longer an excuse for inaction to enter the Iraqi market and rich ". On top of sizzling news, this to me looks like more indication of dotting i's and crossing t's, in terms of strategic preparation's we see going on in Iraq.
12-2-2016 Intel Guru Dr. Clarke [I really find this information difficult to believe. If there was a clear indication that the rate had increased in country that would be like telling everyone to be sure and load up on Dinar as we'll be going international soon?] You’d be Wrong. Everyone has had 15 years to load up on Dinar, so the world is full of skeptics, no matter how good it looked, because things have gone on so long...we’re telling you THE TIME IS UP, AND THE MOVE IS ON - NOW!
12-2-2016 Intel Guru Bruce Iraq still a factor in this? Yes. Has the announcement about the budget, the amendment of the HCL law and anything else come out? It came out. It was already pre recorded it wasn’t aired yesterday. It has been put off until Saturday morning. That news is coming out of Iraq may not get here Saturday. There is a tie in with the IMF that has to do with the loan they plan on making to Iraq and announce that on Monday, December 5. I tell you now all the lower denominations are out in Iraq with their currency in all of the providences. The dinar is showing in Iraq at 1 to 1 with the USD now. ...my thinking is most of the so called bank rates will be higher than we thought. We are not calling a date, but the weekend is looking very good at this time... We are not far from the finish line. It is right here.
12-1-2016 Intel Guru Dr.Clarke [What do you and yours think about how this goes down whenever that might be? Do you think the mainstream talking heads will mention any of it or just watch it come and go quietly?] YES, this will hit mainstream media BIG TIME... Reason it will be International big news, is that they want to RUN UP THE VALUE, ASAP ON FOREX and in all trading market platforms. Much MORE $$$$$$...dah?
12-1-2016 Intel Guru Blondie Recent articles are saying they're moving the voting on the 2017 budget to this Saturday in order to add some amendments of a "political nature." Let's hope they get it done!
12-1-2016 Intel Guru Dr. Clarke [...do you see the Dec 7th IMF meeting moved up to Dec 5th a good sign of them showing a rate?] Yes, the IMF meeting is big, but the date is not that important. What is important, is that they are formally meeting - not for anything NEW, but to finalize what is already done.
12-1-2016 Newshound Guru mike ...the banking stuff is probably one of the most important parts of the process. Over and over I read articles about how Iraqi's not only avoid the private banks, they openly complain about how they operate and treat their customers. I don't see any movement with the currency until the banks are up to speed and able to facilitate the banking transactions that are necessary to support an open market economy. In the end, I've read these article for over four years now, they always say they're "making progress" but the time "just isn't right" to slowly remove the zero's. The brightest ray of sunshine is the fact that they're not going to lop the zero's off...they're going to use a process to raise the value. All we need is for them to determine when "the time is right" to get the ball rolling. ...this is an opinion... [post 2 of 2]
12-1-2016 Newshound Guru mike Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" I'm willing to bet that there will be no lower denom's in early 2017, in fact, I would say it's practically impossible. Adding value to the dinar is a process; MCP, liberalizing exchange etc, that isn't happening overnight. Even in a perfect scenario, the IMF have told Iraq they need to control the MCP for a minimum of 90 days, then they can accept the responsiblity of Article VIII and begin the slow, laborious process of raising the value of the dinar. ...articles...are telling us that Iraq isn't ready...yet. I don't think we're seeing these article's from Keywords by chance either, this guy's under a lot of pressure for the loss of the reserves through the corrupted auction's, he's telling everyone, as loudly as he can, that there's nothing to see here, we're on track to a better place and prosperity. [post 1 of 2....stay tuned]
12-1-2016 Intel Guru Dr. Clarke [ANY THOUGHTS ON THE DONG? ...Do You think the Dong is ready now for a revalue.] The status of the Dong, is exactly the same, as it’s been for the past 2 months...waiting on the official ISIS statement of Safety & Security...ISIS, spans the globe, and has infiltrated financial arena’s...the DONG has nothing to do with Iraq’s Dinar Currency! It DOES, have EVERYTHING to do with ISIS - which is primarily IN the country of Iraq. So, the two are linked...IT'S READY RIGHT NOW, AND HAS BEEN FOR QUITE SOME TIME. Why do you think it Just went to an All-Time high value, agains the dollar last week? Can you say, "SETUP?"...yes, believe it.
12-1-2016 Intel Guru Blondie Starting in December, the head of the CBI has announced (in available articles, this is public information) that Iraq will implement specific international standards with respect to anti-money laundering (OFAC List, Know Your Customer, Source of Funds), the same techniques required by financial institutions here in the U.S. and other nations. This keeps money not only out of the hands of ISIS, but other money launderers and helps put an end to the corruption that has been so rampant in Iraq. Doing these things is certainly a major step in the right direction.
12-1-2016 Intel Guru Dr. Clarke ...mark our words with 100% Certainty, this month of DECEMBER 2016, WILL NOT PASS, WITHOUT IRAQ substantially raising the Rate & Value of their Dinar Currency AND Officially declaring it FULLY INTERNATIONAL in status, of which, ANYONE outside the country of Iraq, will be able to TRADE OR EXCHANGE it, for Legal Tender. ...this situation with Iraq having a currency, that is only usable, tradable and qualifiable, only in the country of Iraq, at a very nominal value - IS ENDING IN THIS MONTH OF DECEMBER 2016. WE COULD NOT BE ANY CLEARER, OR PRECISE THAN THIS...“EXCITEMENT” should be your key word every day for the entire month of DECEMBER...
12-1-2016 Intel Guru ADMINBILL THERE IS A VERY REAL CHANCE THAT THE CAN IS FAR TOO FULL OF CONCRETE TO KICK AROUND MUCH FURTHER. MY WINDOW CONTINUES TO BE FROM NOW UNTIL THE END OF JANUARY WITH MY BEST WINDOW UNTIL MID-DECEMBER.
11-30-2016 Newshound Guru Aggiedad77 Article quote: "The first agreement of its kind between the Federal Reserve Bank and the US Treasury on the one hand and the Central Bank of Iraq, on the other hand, entered into to control the dollar remittances and ensure the prevention of access to illicit destinations," noting that those "The agreement includes cooperation, coordination and exchange of information and financial data relating to the sale of foreign currency and circulation." Remember this article...the UST and FED RES working tightly with the CBI...oh how full of stars this is getting to be...
11-30-2016 Newshound Guru Kaperoni Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" Quote: "...the bank will start applying the certified standards internationally in this regard the beginning of December next, with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard." ...the CBI is stating, were not ready to delete the zeros yet, but we are moving the banking system forward to engage with the global banking system. Does anyone see the importance of this? It is another clear sign that the CBI has no intention to LOP the dinar. If they did, they would certainly do it prior to bringing the world's financial system into play. Stating it as they do, IMO only confirms that they intent to raise the value of the dinar as we have stated for years.
11-30-2016 Intel/Newshound Guru tman23 "the Central Bank of Iraq has not set a date for the deletion of zeros from the currency dinar,” Did Shabibi not say...The deletion of the 3 zeros must be done at the start of the NEW YEAR...AND not in the middle of a quarter or the middle of the year...A timeline by a credible source! AND the current CBI governor said in recent articles...EARLY 2017... ...I'LL GO OUT ON A LIMB AND SAY WITH-IN THE FIRST 10 DAYS OF 2017... “the Bank Enter accredited international standards by an international auditing firm for the classification of financial and banking institutions, including ensure compliance with the requirements of the compliance of the law against money laundering and terrorist financing for the year 2015, where it will be applied to the beginning of December next.”...ERNEST AND YOUNG WERE TO FINISH UP MID NOVEMBER...AND SO AS SUSPECTED WE WOULD SEE THIS TYPE OF ANNOUNCEMENT AT LEAST 30 DAYS BEFORE THE "HAPPENING"! ...12/15 - 1/3...
11-30-2016 Intel Guru SteveI I talked to [Guru] Millionday and...she feels we are right on top of this finally happening by the first of the year.
11-30-2016 Newshound Guru Adam Montana We're heating up right now, not quite on fire, but the burner is on! I'm watching the news like a hawk, day and night, no time or need for sleep right now. REALLY excited to see how this continues!
11-30-2016 Intel Guru Frank26 I strongly believe that there is a change in the rate and I strongly believe that it will be reported very soon... IMO...PURCHASING POWER was given to the citizens IN-COUNTRY and is now 1 to 1 with the USD. IMO...their currency is worth one dollar...The American Dollar is PEGGED to the Iraqi Dinar. ...they took 1188 away from the AUCTIONS...to put in a TRANSITIONAL RATE...which has been well hidden. We want this TR (Transitional Rate) to go INTERNATIONAL...to the FOREX...and it will climb faster than a Saturn rocket. We’ve been waiting for “INTERNATIONAL!” The 5th...which is THIS COMING MONDAY...HELLO! This date...for the IMF ...the “target date” is to see if they have complied with the IMF requirements. I believe they are Article 8 compliant. It’s a one-way street. Abadi adjusted 2 things in the budget that the IMF demanded...it’s ready...
11-30-2016 Intel Guru Dr. Clarke It looks as though Iraq will substantially & publicly raise their Dinar rate of value, over the next few days, but the Official International status, will not be granted until December 15-31, 2016. This means, that official Public trading & exchanges outside Iraq, will not begin, until after December 15, 2016, through the end of the month...This change is due primarily to the question about Oil pricing, the value of the U.S. dollar, and the status/timing within Mosul. The push is to complete this FOR SURE, in the month of December 2016 asap, with a full International Rate & status established, as quickly as possible. As of "right now", Exchanges outside the country for everyone, will begin sometime from December 15th forward...In our Opinion...The rest of this week, into this weekend through the 5th, will be "Very Interesting"...It will soon be, a Very "Happy New Year".
11-30-2016 Intel Guru Bruce The information that has come out recently is very good as far as the proximity where we are...Information now is we are coming down to the wire. They have done an announcement in Iraq and recorded it. This announcement would include the 2017 budget for Iraq, the discussion about the amendments of the HCL Law, and there might be something about the International banking law. I think what we are looking for is also IMF to mention or an announcement...That announcement had to do with the loan of the IMF to shore up the credit in Iraq which is quite high. It will help to increase the amount of credit or credit score. That...should happen tomorrow morning [Wednesday] our time here. We haven’t heard new rates on Dong and Dinar but they were very high the last I heard. We are ready. Everything is ready. They do want this to go by Thursday. A very short window to come through if we are going to make that. I think we can look closely for the notifications to come in at any time.
11-29-2016 Newshound Guru rcookie JUST READ THIS HEADLINE... "Jubouri: Parliament ongoing legal legislation in which they can change the reality of this country" NUFF SAID...
11-29-2016 Intel Guru Frank26 The RV...and the MCP end at the same time! ...in Iraq... extremely soon...you will only be able to buy a hamburger in Iraq with IQD. It is not that the value of the American Dollar is going down...it is the AVAILABILITY of the USD that is going down. In the year 2016...which was an IMF requirement...They had to become a...one currency strong nation. This is what Iraq is about to tell you. The MCP (Multi currency Program) will stop this year in 2016...IMO. The IMF changed the meeting from the 7th to the 5th...they have a target date. In 2016? It really depends on Iraq. The ball is in their court. If they are going to meet on the 5th of December ...may I suggest that that rate be available BEFORE the 5th? In fact, the IMF made it very clear to them...if they don’t have a change in their rate...there is no point in meeting with them on the 7th! And now they changed it to the 5th! ...ahead of time?! [post 2 of 2]
11-29-2016 Intel Guru Frank26 There will be an economic explosion in Iraq in 2017...starting with the contracts...they are using rates that are NOT of the program rate. ...there are 3 contracts that we are following...that have completely different rates. Then all of the sudden...last Wednesday... they are now with NEW contracts. What are they? Infrastructure – they are bringing in companies... INTERNATIONAL companies...the commercial contracts and the infrastructure contracts were NOT based on a program rate...IMO...they were based on a “Transitional Rate”... ...how is that possible under their sanctions? ...IMO...they qualified to do this. ...look for these big companies to start pouring in...Look for DOW Chemical company. Look for AT&T. Look for textile companies...look for merchandise companies...look for especially communications. All infrastructure will explode in February 2017. [post 1 of 2....stay tuned]
11-29-2016 Newshound Guru Adam Montana [...bout time to hear some good news go go Rv?] I am not going to sugarcoat this, YES IT IS about time! We've waited a long time to get into a situation this positive! [reference Adam Montana post 11-28-2016]
11-29-2016 Newshound Guru rcookie Article: "Iraqi Kurdistan displays oil deliveries to Baghdad" Quote: "The President of Iraq's Kurdistan Regional Government, Nechirvan Barzani, was ready source of oil delivered to the federal government in Baghdad, against the payment of salaries of employees of the province, to welcome the Iraqi Oil Ministry this step, which is a breakthrough in the list between Baghdad and Erbil oil crisis." KURDS ARE TURNING OIL PRODUCTION OVER TO CENTRAL SO TO FACILITATE OIL AGREEMENT AND COMPLIANCE OF REGIONAL COMMITMENTS TO RECEIVE THEIR 17%...
11-29-2016 Intel Guru ADMINBILL ALL NEWS COMING IN IS POSITIVE. ACTIVITY AND REPORTS ARE POINTING TO THE FIRST PART OF DECEMBER. MY WINDOW REMAINS NOW THROUGH THE END OF JANUARY.
11-29-2016 Intel Guru Frank26 ...the Budget. Will the budget they are working on come out with a new rate? IMO...no. Can it come out with a new rate? Oh yeah. Is the budget ready? Yes...because Abadi told you so a few days ago. What did he say in the article? That it was being postponed... The new rate will NOT come out from the new budget...but from the CBI...when they are good and ready. All of this comes from a “play-book” or plan. The budget will be in dinars. That is a VERY IMPORTANT FACTOR... If they have the new rate in it...they are not going to tell you about it. IMO – the budget will not wait for the new rate...it moves on. When the new rate is out...EVERYTHING can be easily converted to the new rate that they are working on with the MR.
11-29-2016 Intel/Newshound Guru Mnt Goat Article: "Abadi adviser (Saleh) calls for the establishment of a new bank to finance trade and private sector" This is amazing news! It is WOW news. ...they are telling us the currency auctions {by the CBI} will end and be replaced by a separate bank that will handle international currencies. I quote from the article above – “to set up a new bank for trade finance” and “the trade must be regulated by the government, but without restriction”. ...So what other currencies would they be so worried about in dealing with foreign remittences. Why would they need a separate bank just for this effort if they did not expect to be conducting trade with many other countries and converting many currencies of these countries? ...The part about “without restriction” says it all. This means a free flow of monies during trade. Yes – this is needed if they are going to get out of their “closed” economy and open up an unrestricted trade with international countries. Folks this is just another tell-tell sign they are about to go international…WOW!
11-29-2016 Newshound Guru rcookie ...ALAK....SALEH AND FINANCE COMMITTEE MEMBERS HAVE OUTLINED 7 LAWS IN ADDITION TO THE INVESTMENT LAW AND OTHER ECONOMIC & FINANCIAL ACTS IN NEED OF AMENDING...
1. CENTRAL BANK LAW NO. 56 (2004)
2. FEDERAL BANKING LAW NO. 94 (2004)
3. COMPANIES LAW NO. 21 (1997)
4. IRAQI STOCK EXCHANGE LAW NO. 74 (2004)
5. FINANCIAL ADMINISTRATION ACT
6. INTEGRITY COMMISSION ACT
7. PFM LAW AMENDMENT & INCORPORATION TO 2017 BUDGET LAW
11-28-2016 Intel Guru RayRen98 The Budget was going to be approved on Saturday, and now it’s been pushed to 1. December...along with reconciliation and the final piece on the liberation of Mosul. Everything is being piled up to be done by the first to meet IMF requirements. Iraq is ready to roll, in fact they have already been rolling... [Do you know if the new rate is expected to be inside the 2017 budget being voted on this week?] Yes...that’s why it’s important. The Budget should either state the rate or have indications of the rate.
11-28-2016 Newshound Guru hutch LOTS OF GREAT RECONCILIATION THINGS HAPPENING... WE ARE IN A GREAT PLACE RIGHT NOW!
11-28-2016 Intel/Newshound Guru Backdoc Article: "Oil Industry Anticipates Day of Reckoning" WITH ALL THAT IS COMPLETED AND COMPLETING IN IRAQ AND VIETNAM, THE DOLLAR WILL NOW BEGIN TO MAKE ITS' ADJUSTMENT AND OIL WILL BEGIN ITS' RIDE HIGHER! THIS IS A HUGE EVENT... THESE COUNTRIES KNOW THAT ITS NOT JUST ABOUT OIL IS IT? NO! MANY COUNTRIES ARE READY FOR CURRENCY ADJUSTMENTS, AREN'T THEY? MY EYES WILL NOW WATCH FOR EVENTS ON THE 8TH THAT WILL BE STARTED!
11-28-2016 Newshound/Intel Guru BGG ...at this point - Maliki is likely a non-factor...In fact...a couple of days ago...Maliki was attacked by SHIAS during the "haj" to Karbala...In laymans terms - his own people attacked him as a criminal and a thief!! Very telling as to the mood of the people in Iraq. It would also appear there is "broad support" for this rooting out of corruption and cleaning things up...So - while Maliki has likely been an economic non-factor for a while now - he clearly once was... AND as recently as YESTERDAY the final issue may well have been settled...they are moving ahead economically and financially - monetary reform is about all kinds of other things. [post 2 of 2]
11-28-2016 Newshound/Intel Guru BGG While Maliki is of little importance to the current situation - as in economic reform... it is HUGE that he's been gradually minimized over the last year or two. Culminating in this "Law of Popular Crowds" being passed JUST YESTERDAY...this "Law of the Popular Crowds" ...IT IS VERY IMPORTANT...this law brings the Shia Militias more under the control and purview of Abadi and the Central GOI. The fact of the matter is this - without Maliki being gone - NONE of this economic, political and monetary policy reform would be possible...Once Abadi took over - he's had to chisel away at that "power base" a little at a time... [post 1 ofr 2....stay tuned]
11-28-2016 Intel/Newshound Guru Mnt Goat Todays’ news is very, very exciting. It tells us so much about the dynamics going on in the Iraqi govt and between the Kurdistan region. Also about all the drama going on with the 2017 budget and it is absolutely amazing! Last we knew they were supposed to take the final vote on Saturday 11/26. Did they? We see it did not come up for a final vote due to more needed changes or disagreements so it was stalled again. ...we see pressure from Abadi to try to stop the delay. We see the pressure as they are down to the wire on getting the budget done. ...for the very first time they have never been in such critical stage for their nation, economically and financially and much of the future progress hedges on the success of this budget.
11-28-2016 Intel Guru ADMINBILL CONTACTS REMAIN VERY OPTIMISTIC WITH SOME SAYING THIS WEEK. I AM STILL OF THE OPINION THAT OUR MOVING TARGET IS BETWEEN NOW AND THE END OF JANUARY.
11-28-2016 Newshound Guru Adam Montana ...we are HEATING UP! I'm not even going to go into great detail about the current situation, it's THAT easy to understand. 1. We have a good shot at a Budget this week. This is unprecedented, and will be the soonest Budget approval EVER. 2. Oil. 'Nuff said: "Kurds request Baghdad and Erbil to commit Oil agreement" 3. World Bank to loan 4 billion DINARS next month. That's NOTHING... without a change in the rate. Seriously not even worth the paperwork, much less a news story... WITHOUT A CHANGE IN THE RATE. Can you say "GO RV"? This is quite simply one of the best times I have ever seen for the IQD, and we are witnessing it happen right in front of our eyes! I'm pretty sure some of you are finally starting to wake up to the fact that we are getting close...
11-28-2016 Newshound/Intel Guru BGG Article: "Iraq receives four billion dinars as a loan from the World Bank next month" When I saw this one - my first thought was... 1) That is great... the WB pitching in (even if it IS only 4 million USD) means they are HEADED towards international "re-integration"... via IMF oversight and my second thought was...2) 4 million USD doesn't seem like much (or less) - unless of course... it's NOT REALLY 4 million? they quoted this number in Dinar (which they would - since it is in Arabic vernacular)...but that number may not be "exactly static"...Who knows what 4 Billion Dinar is worth then? 4 million doesn't do much in the way of "reconstruction"... That article says Dinar... another one says USD... My point...it's probably NOT 4 Billion Dinar at it's current value. That would only be 4 Million USD - that's about enough to "reconstruct" one really nice house...4 Billion - on the other hand... might be a start...
11-27-2016 Newshound/Intel Guru BGG "...Iraqi Council of Representatives included a vote on the draft general budget of the Federal Republic of Iraq for fiscal year 2017 on Monday session agenda." Well - they have already pushed thru some crucial votes... no need to stop now. If they want to stay in good with the IMF they have some "housekeeping" to get handled - this business about passing budget bills late in the current year won't fly...I expect to see a 2017 budget passed before 2017 gets here...
11-27-2016 Intel Guru RayRen98 It has been reported that the popular vote was approved thereby uniting Iraq but the budget vote was postponed until Thursday, December 1, 2016. The distribution of the lower denoms are "expected" to be in all provinces by morning. The IMF review has been moved to Monday, December 5, 2016. Iraqi TV states the importance of the loan and that the fight in Mosul needs to be completed to plant the flag and commence the national reconciliation. So, it appears that the complete freeing of Mosul, the passing of the budget and the national reconciliation will all occur on Thursday, December 1 and the IMF review to conclude on Monday, December 5. Can the currency revalue see an international public release before then? Time Will Tell...smile.
11-27-2016 Newshound Guru rcookie Article quote: "...create an ideal investment environment is an economic center of development sought by Iraq and represents the legal side of the main attractions of advanced and specialized international companies that can be used to achieve the development goals which must include all sectors." THIS ARTICLE IS HUGE... OUTLINES THE APPLICATION OF THE INVESTMENT LAW NO 13...AND ADDRESSING OBSTACLES FROM FOREIGN INVESTORS PERSPECTIVE... SO...FURTHER INVESTMENT LAW AMENDING COMING SOON TO A PARLIAMENT SESSION NEAR YOU...ALONG WITH ALL OF THE OTHER ECONOMIC & FINANCIAL LAWS WE HAVE HAD LAID OUT FOR US THIS WEEK...WE KNOW EXACTLY WHAT WE ARE LOOKING FOR...
11-27-2016 Newshound/Intel Guru Arthur
FACT: HALF OF 2017 BUDGET VOTED ON...11/26/16.
(24 OUT OF THE 48 BUDGET ARTICLES)
FACT: THE OTHER HALF OF THE ARTICLES (25 THRU 48) SCHEDULED
FOR THURSDAY 12/1/16.
FACT: THE SIGNIFICANCE: NONE OF US HAS EVER SEEN A PASSED AND
IMPLEMENTED BUDGET IN IRAQ!
FACT: FINAL IMF SBA REVIEW SCHEDULED FOR DECEMBER 5TH
(MUST HAVE LOAN TO COVER DEFICIT, AND MUST INCLUDE HCL)
FACT: 35 DAYS UNTIL THE BEGINNING OF "EARLY 2017" (DELETION OF
ZEROS PER CBI).
11-27-2016 Intel Guru Frank26 In the last few hours so much has occurred ...the dynamics of what we STUDY is of great velocity. Let's say that the movement ... The progress of the process ... Is adjusting ... Conforming ... To their Targets. ...at this moment...there has been a Change to the Dec 7th IMF Meeting ... To the 5th. This is GIGANTIC ...
11-26-2016 Intel Guru Frank26 ...there is a law or two that need to be passed before the budget is released or simultaneously with the budget. It is also important to remember that the budget has nothing to do with the monetary reform for it too is in a long line waiting for the new rate. IMO... All is extremely well!
11-26-2016 Newshound Guru hutch Article: "Parliamentary Finance: Adoption of the General Budget Law for the year 2016 will be the end of this week" ...and then the 2017 for Monday. Quote: "The House of Representatives has finished its session on the ninth of November this second reading of the draft federal budget for the 2017 law, and directed the presidency of parliament parliamentary Finance Committee Bandaj the bill for a vote, in the coming sessions."
11-26-2016 Newshound Guru rcookie ...EXPLAIN TO ME HOW THE REQUISITE FOREIGN INVESTMENT NECESSARY TO SUPPORT AND DRIVE THE CURRENCY REFORM WE ARE WAITING FOR COULD REMOTELY HAVE BEEN POSSIBLE WITHOUT ADDRESSMENT ALONG WITH THE OTHER CRITICAL BANKING...ECONOMIC & FINANCIAL LAWS THAT HAVE BEEN ADDRESSED IN LAST YEAR...SIMPLE ANSWER...THEY COULD NOT...EVER...EVER...NEVER...
11-26-2016 Newshound Guru Adam Montana [Do you think they are waiting until Mosul is clear of ISIS and making sure Mosul banks are secured and accounted for before CBI makes RV announcement?] NO, but the Mosul operation is a big deal and they are doing awesome!
11-26-2016 Newshound Guru rcookie HERE IS THE BIGGIE...FLYING UNDER THE RADAR FOR TOMORROW [SATURDAY] ... COMMERCIAL AGENCY LAW...PLEASE READ AND UNDERSTAND HE SIGNIFICANCE RELATIVE TO DFI (DIRECT FOREIGN INVESTMENT)... Quote: "THIS LEGISLATION AIMES TO REGULATE THE WORK OF COMMERCIAL AGENCY EXERCISED IN IRAQ BY AN AGENT FOR THE BENEFIT OF A NATURAL OR LEGAL PERSON FROM ABROAD; AND REGULATE THE TRANSACTIONS OF THE DEPARTMENTS OF THE STATE, THE SOCIAL, MIXED AND PRIVATE SECTORS AND THE UNIONS WITH NATURAL AND LEGAL, ARAB AND FOREIGN PERSONS IN SUCH A WAY AS TO ACHIEVE DEVELOPMENT TARGETS, PREVENT EXPLOITATION, AND SECURE THE INTEREST OF THE NATIONAL ECONOMY..." THINK THIS MIGHT BE A TAD BIT IMPORTANT TOWARD DFI AND ACQUISITION OF DFI AND...ALONG WITH THE OTHER LAWS REVEALED YESTERDAY AS THE KEYS TO DELIVERING WHAT WE ARE ALL LOOKING FOR...
11-26-2016 Newshound Guru Adam Montana [Can you clarify the difference between the "oil agreement" and HCL?] HCL vs "oil agreement" is exactly what is going on... I'll get to the point real fast. They are using this term as a buffer while they are fiddling around. They will crank it up when they are ready, and it's not going to happen when we are most comfortably ready.
11-25-2016 Newshound Guru rcookie VOTING ON 2017 BUDGET LAW....AND AMNESTY LAW AMENDMENT...TOMORROW PARL SESSION...
11-25-2016 Intel/Newshound Guru Mnt Goat We know that no matter what notes they initially launch it will mean some kind of substantial increase in the value of the dinar...they told us it will be a “slow” rollout and may take some time. Only the CBI knows the plan and at what level of value the rate would have to be to continue with the launching and circulation of the next set of notes. I would guess it too is variable depending on the initial market reactions once they begin this next step in the process in early 2017. For the timing- I assure you it will not be years or even months before we see a significant rate of over $3.00 for the dinar once it hits the international markets and hedge funds. Again this is just my opinion and I am not giving any investment advise. [post 2 of 2]
11-25-2016 Intel/Newshound Guru Mnt Goat The CBI announced this week to the Iraqi citizens the introduction of the 500 IQD notes...this information is...HUGE, HUGE, HUGE. ...this note is on the list of the notes they must launch prior to any RV. They are still virtually worthless. Not until they are physically launched in early 2017 for their use at a higher dinar rate will they become practical to use. For now this is just an education process to get ready for that timeframe that is getting very close at hand. Remember they launched the 250 last summer and they had to fix the 50 with new security features so we can expect them too to come out soon. [post 1 of 2....stay tuned]
11-25-2016 Intel Guru Frank26 BTW...THREE ZERO TALK is a Momentum...A Cause in Iraq. Why SO MANY THREE ZERO ARTICLES TALKING about LIFTING THE THREE ZEROS in 2016? Because in 2017... LD's are coming.
11-25-2016 Intel/Newshound Guru tman23 Iraq is plagued by socioeconomic development and proof is provided everyday...with news articles... The country offered bonds in US dollars and Euro, this was an attempt provide confidence to countries that a currency depreciation in IQD would not impact negatively on the yields of the bonds they purchased...on the other hand, local emerging market bonds were purchased by Iraq citizens in local currency (dinar)... The bonds along with the past year release of the 50k note and the latest 500 dinar note creates quite the conundrum...And with all this wealth of information gathered daily over the years on the Iraq dinar speculation...The 'Iraqi Dinar conundrum" remains the same as it did 10 years ago... How will Iraq treat the 3 zero notes upon exchange? Answer coming very soon...
11-25-2016 Newshound Guru rcookie [Iraq has gone from an average inflation rate of 12.9% down to 0.20% over the last 11 years.] YEP... AND DEBUNKS ANY ASSERTIONS...STATING IRAN & IRAQ WALKING DOWN AISLE OF ECONOMIC MATRIMONY TOGETHER...IRAN INFLATION ALMOST 8%.
11-25-2016 Intel/Newshound Guru Mnt Goat My contact would not give me a firm date but said that without Dr Shabibi having full access to the mechanisms to launch the process of the initial rate increase, the CBI could not make the needed process work. The FACT is we now know for sure that Dr Shabibi is not at the helm in the CBI...But there is one exception timeframe built into the process. This timeframe is the first week in January. In other words, with the correct security credentials, a knowledge of the process and with minimal training someone, besides Dr Shabibi, can actually manipulate the systems needed to move the currency forward. To me this tells us that we can expect them to do something significant sometime within the very first week of January 2017. Of course this is still just my guess. But a very good guess based on other factual data... [post 2 of 2]
11-25-2016 Intel/Newshound Guru Mnt Goat ...from the fall of 2015 (when they told us they were officially postponing the project to delete the zeros until early 2017) that there were only 2 articles telling us to wait until early 2017...information once again reminding us that it was coming, but not yet. Then in November 2016 alone an explosion of articles as we have seen nine (9) articles so far in this month alone out of over a year of waiting. Something is going on here. So I recently jumped on the phone and talked to my CBI contact. What was I told? I was told that YES they are now going forward with the project to delete the zeros. So this also confirms what I heard about Iraqi TV and news media stations broadcasting this news last week. [post 1 of 2....stay tuned]
11-25-2016 Newshound Guru Adam Montana [...which will come first ; . the introduction of the lower denoms or a new rate for the dinar?] I think they come at the same time, OR the lower denoms come slightly sooner.
11-24-2016 Intel Guru ADMINBILL More info coming in yesterday to suggest that we are closer to our goal. Activity may begin tomorrow. News out of Iraq continues to be good. Look for good things to happen. We have a window that stretches through January IMO.
11-24-2016 Newshound Guru Adam Montana ...the HCL hasn't been completed...that's really the only thing we're waiting on, and OIL news has been ramping up... this is a good thing! We are certainly getting close...
11-24-2016 Newshound Guru rcookie [Iraq seems to be taken a leading roll in banking reform throughout the region.] YES THEY ARE...AND GIVEN THEIR LONGSTANDING REPUTATION AND PAST TRACK RECORD...WOULD NOT BE AFFORDED THIS OPPORTUNITY FROM WORLD AGENCIES UNLESS THEY WERE CONVINCED & CONFIDENT OF IRAQS COMMITMENT AND FOCUS TO BE THE REGIONAL LEADERS...
11-24-2016 Intel/Newshound Guru Mnt Goat ...as we get closer and closer to the “early 2017” date we see more and more information coming out of the press on the progress that they are making. The CBI even told us last week that they are now proceeding once again with the “project to delete the zeros”...this is exactly the news we must hear and await to hear. Now we have it….WOW! ...I know for a FACT that within Iraq, the news channels talked about the CBI declaring that they have begun the “project to delete the zeros” once again. I was told this too by my CBI contact over a year ago that this “project to delete the zeros” and its process and progress is what we should be concentrating on mostly. ...Iraq also needs to get the banking and financial reforms in place to support the project. So now we see them doing it and it is right on time...Is it time to get excited? Yes, Yes and YES!
11-23-2016 Intel Guru RayRen98 [Are you aware of any specific item or issue that must be completed before the RV will occur?] No. The Budget has come up in conversation; it should be finalized on Saturday...As for lower denominations, we are getting information that they are in some of the provinces. There is some kind of distribution going on, in some hands/places. We have heard that from various sources this week. We believe that window has been opened. I don’t know to what degree those lower denominations are out, but they should have taken their complete course by Monday. That fact it has started says it all for me. If the lower denominations have run their course by Monday, they will have to show a revalued rate by then, if not sooner.
11-23-2016 Intel/Newshound Guru Backdoc TODAY IRAQ ANNOUNCED THAT THEY WILL PARTICIPATE IN OPECS OIL CUTS TO RAISE PRICES ENSURING THE NOVEMBER 30TH OPEC DEAL A SUCCESS! THIS WILL NOW BECOME THE TRIGGER FOR HIGHER BLACK GOLD PRICES! WITH WHAT IS HAPPENING OVER THIS WEEKEND IN GOVTS. WE SHOULD SEE A LAUNCH IN COUNTRY AVAILABILITY ON CARDS IMO IN INDIA AS WELL AS IRAQ VERY SOON. MAYBE THEY WILL RELEASE LOWER DENOMS TOO BUT THAT COULD BE A QUESTION? THERE IS NOW A 100% CERTAINTY THAT THE FED WILL RAISE RATES IN DECEMBER. THAT ACTION IS GOING TO TRIGGER THE PROCESS LEADING TO WHAT WE ALL WAIT FOR.
11-23-2016 Newshound Guru rcookie ...WE HAVE A REPORT FROM YET ANOTHER BANKING FORUM...THIS ONE FROM BEIRUT...ATTENDED BY ALAK...TARIQ & SEC GEN UNION ARAB BANKS...INT'L FINANCIAL EXPERTS LIKE SHAMMARI & ECONOMISTS LIKE AL NASIRI...ASSEMBLED TO CONNECT & COOPERATE WITH THE REGIONAL & INTERNATIONAL BANKING & FINANCIAL ENVIRONMENT... WORKING TO REVIEW AND ASSESS THE REASONS FOR WEAKNESS OF CONFIDENCE IN IRAQI BANKS...NASIRI ONCE AGAIN IDENTIFIES WITH DETAIL THE CRITICAL FINANCIAL & BANKING LAWS IN NEED OF ADDRESSMENT & AMENDING WE SHOULD BE LOOKING FOR OUT OF PARLIAMENT...TOWARD THE END OF ACHIEVING REALITY BANKING IN IRAQ...THIS IS BIG...AND HAS SOME INSIGHTFUL LEGISLATIVE ACTIONS WE ARE LOOKING FOR.
11-23-2016 Intel Guru Frank26 Article quote: "Economics and politics experts and parliamentarians acknowledged the existence of confusion in the concepts and terminology, calling on monetary policy in Iraq led to achaotic opinion about these concepts." NO CONFUSION!...CBI is doing the MR [Monetary Reform]...They are Educating the Citizens. Anything else is a False denial.
11-23-2016 Newshound Guru mike Article: "Raise three zeroes from the Iraqi currency's progress and evaluation" ...let's hope that Iraq will actually make the move this time. When they liberate the exchange and get the MCP within 2%, we'll know we're close...
11-23-2016 Intel Guru Bruce We heard last night [Monday]...in Iraq an announcement was made. This announcement was the announcement that took Iraq back to an International status in which their currency being revalued and now they are essentially sovereign. We know the announcement was made at 1am EST last night [Monday]. This announcement was not made here. We don’t have it here yet. Hopefully we will get it tonight [Tuesday] or tomorrow [Wednesday]. We may need to hear that announcement to hear it here for it to start for us. Also...their Qui cards can be used to purchase lower denominations as we can use the ATMs to get cash out... we got confirmation of that. Over all we should plan on having a great Thanksgiving. It maybe the best Thanksgiving we ever had. So things are moving in the direction for that to occur.
11-22-2016 Intel Guru ADMINBILL THE PAST 2-3 DAYS HAVE PROVIDED A SIGNIFICANT AMOUNT OF INFORMATION THAT LEADS ME TO BELIEVE THAT WE ARE GETTING CLOSER TO OUR GOAL. THERE ARE INTERESTING ARTICLES AND NEWS STORIES THAT ARE BEGINNING TO MAKE THE NATIONAL AND INTERNATIONAL NEWS OUTLETS THAT RELATE TO THE IMPROVING SITUATION IN IRAQ. RUMORS ABOUND THAT TELL WE ARE VERY NEAR THE END. WHERE THERE IS SMOKE THERE IS FIRE.
11-22-2016 Newshound Guru Kaperoni Article: "Raise three zeroes from the Iraqi currency's progress and evaluation" I like this...It was scheduled to be the project to delete the three zeroes in 2011 and did not perform. And then postponed to 2013...then postponed to 2015...and now the decisions implemented early 2017 plan.
11-22-2016 Intel Guru RayRen98 The new 500 dinar note with the Kurdish language on it is in circulation. Are the 1’s, 5’s, 10’s and 20’s next, and if so, how soon? We patiently wait, “if” it is necessary at all? Time Will Tell.
11-22-2016 Newshound Guru EHankins ...WATCHING THE INFRASTRUCTURE EXPLODING AND THE CLEARING OF MOSUL AND COMMODITIES HAPPENINGS IN IRAQ IS THE EVIDENCE OF BIG, BOOKOO BUCKS $$$$ FLYING AROUND IN IRAQ WAS EVIDENCE OF THE FAT LADIES INABILITY TO HIDE ALL THE MR [MONETARY REFORM] TAKING PLACE. ...I CAN'T WAIT FOR THE TIMING AND STUDY BETWEEN NOVEMBER 25TH THROUGH DECEMBER 7TH. IRAQ IS ABOUT TO BE GIVEN BIRTH AS A NEW CREATION AND FULFILL IT'S INTENDED PURPOSE...THIS IS ABSOLUTELY SPECTACULAR.
11-22-2016 Newshound Guru Breitling they are talking about setting up for the ISX going on Nasdaq coming up here pretty quick. They didn’t give an exact date but these guys are moving things….We know they are going to be on Nasdaq here pretty soon because of the way everything is being set up. If you walk up to somebody’s computer and there’s nothing on that computer, no operating system but you’ve got a Window 10 manual sitting there and you’ve got the software with the Window 10 software CD still in the package not opened yet that gives you a clue on what they are going to load on that computer right? That’s basically what’s happening. They have the Iraq Stock Exchange sitting there and they have this package with the software to load up the Nasdaq. They have the manual for Nasdaq sitting there. And it’s very exciting.
11-22-2016 Newshound Guru mike Article: "Iraq new 500-dinar note (B357) confirmed" Good stuff, so, from all appearance's, they not only need this note now, they're going to need it in the foreseeable future. As the value slowly rises the note will go from a value of .50 to a buck and hopefully all the way to $500 when the value reaches 1-1. During that time, the newer notes like the 1, 5, 10, 20 and 100 will come out. I'm looking forward to Iraq starting the process in 2017 so that in time, they can get to the lower denominated notes.
11-22-2016 Newshound Guru Kaperoni Article: "Iraq new 500-dinar note (B357) confirmed" Not new, just updated with Kurdish language and two dots. Btw, this to me is another good sign that the plan is what we all believe. They are necessary now. Their worth is .50 cents. The fact that they spend money on upgrading them to me implies they expect them to continue to be used for a while. Which is exactly what we want.
11-21-2016 Newshound Guru wmawhite [Iraq new 500-dinar note (B357) confirmed...] Hmmmm...why invest the million of $ into a new note with new security features and the inclusion of the Kurdish language when that note is currently valued at approximately $0.50. Not a lot of need for it in the current marketplace. 500 IQD (note) X $0.00086 = $0.43 (43 cents)
11-21-2016 Intel Guru Delta "New 500-Dinar note-confirmed" ...with Kurdish text on back.
11-21-2016 Newshound Guru Breitling ...The two year process starts when they start adding value to the currency. What leads up to that 2 year process is them reducing the note count. There was speculation they were supposed to revalue in 2011…maybe…but they didn’t have the note count reduced so they weren’t in a position to pull the trigger. They were going to do it in 2013…maybe…but they didn’t reduce the note count so they weren’t in a position to pull the trigger. 2015? That’s a different ball game. 2016? Where we’re at right now…that’s a different ball game. They can pull the trigger. And now they are talking about the beginning of 2017…guess what...they can do it and the math backs it up. So to be very very clear, the 2 year process starts when they start adding value…so we are not in that 2 year process…yet. Whenever they do it they’ll do it. What you should be worried about is if they reduce the note count. And they have. So there’s no worries. The key always was the note count.
11-21-2016 Intel Guru RayRen98 We have been looking for the lower denominations to be released every day this week. The Iraqi banks and CBI say they are fully set up for international interactions. The next thing is for the currency to change its value inside the country and then outside the country. We’re ready, everything is done, and banks are ready for international action. The Budget might not implemented until the New Year, but we can have an RV any time up ‘til then. As far as I’m concerned, we’re here! We are still at ‘any minute’ until I hear otherwise. I’m very happy because I see the light at the end of the tunnel... I do believe it is coming, and coming very, very soon.
11-21-2016 Intel/Newshound Guru Mnt Goat Executive Order 13303 was issued on May 20, 2003 by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Further, it protects Iraqi oil products and interests and ownership by US persons from attachment as well. Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. ...Exec Order 13303...is not going anywhere and is here to stay until it is renewed again in May 2017, if needed. Besides what difference does it make once the currency goes international anyhow? Full sanctions are then lifted.
11-21-2016 Newshound Guru mike Article: "Iraq's oil contracts make joining OPEC output cut more painful" Quote: "Iraq would have to compensate international oil companies for limits placed on their production, according to industry sources and documents seen by Reuters, further reducing the prospect it will join any OPEC deal to curb the group's output." ...Iraq wants OPEC to remain strong and unified, as long as they don't have to abide the oil cuts. I'm betting that once ISIL is removed from Mosul their next excuse will be they need money to rebuild Anbar Province. Bottom line, I don't see these guys cutting production anytime in the foreseeable future.
11-21-2016 Newshound Guru firefly Article: "Draft of the so-called "national reconciliation" announced by Ammar al-Hakim" Quote: "Draft of the so-called "national reconciliation" or "historic compromise", and works on the National Alliance announced soon." National Alliance announced soon...At least somebody is talking about the UN Iraq agreement! A very fluent project at that! The National Reconciliation is absolutely HUGE!
11-20-2016 Newshound Guru EHankins THERE IS A LOT OF EVIDENCE OF NEWER ECONOMICS HAPPENING ALL OVER THE PLACE IN IRAQ. THE ARTICLES TALKING OF MOSUL CITIES BEING FREED UP TAKES A LOT OF $$$ AND IN COMING COMMODITIES OF EVERY KIND BY THE THOUSANDS AND THOUSANDS ...THIS TAKES BOOKOO BUCKS AS WELL. THE "FAT LADY" ISN'T GOING TO BE ABLE TO HIDE ALL OF IT FOR MUCH LONGER...THE EVIDENCE IS ABOUT TO REVEAL ITSELF IN AN EXPLOSIVE MANNER ..IMO.
11-20-2016 Newshound Guru rcookie THE QUANTITY OR STATUS OF THEIR NATIONAL RESOURCE ASSETS IS IMPORTANT... BUT AS FAR AS SUPPORTING AND DRIVING ANY CURRENCY VALUE INCREASE... NOWHERE NEAR AS IMPORTANT AS THESE THINGS THAT ARE NECESSARY TO SUPPORT FDI...AND ACTUALLY ALLOW IRAQ TO DO SOMETHING WITH ITS NEWLY VALUED CURRENCY...THE FDI IS WHAT WILL DRIVE THE DINAR...THE FDI [FOREIGN DIRECT INVESTMENT] VOLUME AND SUCCESS IN IRAQ IS WHAT WILL DRIVE THE CURRENCY AND ECONOMY... [post 2 of 2]
11-20-2016 Newshound Guru rcookie Report: "New Generation of Foreign Investment Laws: MENA-OECD Good Practice and the New Iraqi Investment Regime" ...FROM OECD ORGANIZATION FOR ECONOMIC COOPERATION & DEVELOPMENT... REPORT ABOUT US INVESTOR INTEREST PROTECTION BEING REVISED AND BAKED INTO THE IRAQI FDI... FOREIGN DIRECT INVESTMENT...LANDSCAPE...THAT REPORT JUST SHOWS SOME OF THE VERY IMPORTANT ISSUES...SOME OF THESE LAWS WE HAVE SEEN AMENDED AND OTHERS STILL LOOKING FOR COMPLETION DEAL WITH...AND WHY SO VERY INTEGRAL IN RECRUITING...CAPTURING AND RETAINING FOREIGN DIRECT INVESTMENT IN IRAQ... [post 1 of 2....stay tuned]
11-20-2016 Intel Guru Dr. Clarke It is NOW our understanding, and Very Strong Belief, that there is still a 99% probability of Iraq officially announcing and printing, a substantially increased Dinar rate, that is FULLY INTERNATIONALLY tradable, together with the official announcement of the passing of the 2017 Budget, ON OR BEFORE, DECEMBER 1, 2016. Which means, that the Dinar will be fully PUBLICLY exchangeable OUTSIDE the country of Iraq, beginning in the month of DECEMBER, for ALL Groups, ALL people, and ANYONE holding Iraq Dinar, worldwide. FRIENDS, this IS happening in 2016. Yes, 2016 - THIS year. NOT 2017 (1% probability). What about the Vietnamese Dong? It is our very strong belief, that this currency will substantially raise in value, BEFORE their fiscal year, beginning January 1, 2017. That's all we'll say about the Dong, except that they are, and have been Ready Now. No more, no less. What we've stated, should now be, Crystal Clear.
11-20-2016 Newshound Guru mike Article: "Legal representative: five years for employees vacation will come into force immediately after the vote on the budget" More than likely, items like this are what's causing a delay in the budget getting passed. The IMF has told Iraq to trim the fat and reduce government expenses but that means layoffs or, "vacations" for the regular working man in Iraq. This will...create additional friction between the government and the common man. Tariffs, terrorists and now layoffs.
11-20-2016 Newshound Guru Kaperoni Article: "Parliamentary Finance expects to vote on the 2017 budget later this month" Just to clarify, this has nothing to do with monetary policy. Despite year after year gurus stating a RV is in the budget. That is not how budgets work.
11-20-2016 Intel Guru ADMINBILL INTERESTING INFO COMING IN THIS AFTERNOON [SATURDAY]. IF IT PLAYS OUT YOU WILL BE PLEASANTLY SURPRISED SOONER RATHER THAN LATER. YOU WILL KNOW IT WHEN, AND IF, IT HAPPENS. [...we have heard soon a lot from intel providers… will it go before wed?] I HOPE SO BUT WE WON'T KNOW UNTIL THURSDAY!
11-19-2016 Intel/Newshound Guru Mnt Goat This change will cut down corruption and help bring the “Market” rate closer to the “CBI” rate of the dinar. Right now it is fluctuating beyond the mandated 2% +-. They need to stabilize the rate as much as they can prior to what is coming in early 2017...hint..hint... When they do use the Iraqi dinar to pay outside debtors then this will then mean the currency is then international, but not there yet. So changeover to mandate to using letters of guarantee still mean they are in closed economy under sanctions and not yet fully under Article 8 of IMF charter. [post 2 of 2]
11-19-2016 Intel/Newshound Guru Mnt Goat Article: "CBI Decides to be a Letter of Guarantee" ...the really big news is the change in the currency auctions to letters of credit. ...it was announced they are doing it BY THE CBI. So do the currency auctions just go away? I don’t think they will entirely ever just go away but certainly they are no longer going to use them to the extent they did in the past to obtain USD to pay debtors outside Iraq. Folks, if true, this is HUGE, HUGE news of the week but maybe not the slant that you think. The elimination of the currency auctions replaced with letter of credit does not change the fact that merchants are still mandated under sanctions to use only US dollars to pay outside country debtors. Just a change in the process of how they obtain these dollars, that’s all. [post 1 of 2....stay tuned]
11-19-2016 Newshound Guru firefly Article: "Deletion of 3 Zeros Project will be Executed Very Soon: CBI Governor" Quote: "He also indicated that the Central Bank of Iraq has started working on this project and all the steps will be finalized at the end of this year." ...has started working on this project... What happened to Start? Interesting. [I would say the the Gov of the CBI is a credible source.] I agree. Yes. he is more than committed to completing the reforms! I believe the IMF and Alak has formed a special relationship.
11-19-2016 Newshound Guru rcookie ...ONE OF THE BIGGEST ISSUES TOWARDS WTO ACCESSION IS HANDLING OF TRADE DISPUTES AND ARBITRATION PROCESS BETWEEN TRADE PARTNERS...AND WE JUST LEARNED THIS WEEK...THAT BAGHDAD WILL BE THE HOME & HOST OF THE ARAB REGIONAL ARBITRATION CENTER...WHERE TRADE DISPUTES WILL BE HEARD AND SETTLED AS WELL AS REGIONAL TRAINING CENTER FOR THE HUMAN RESOURCE TRAINING TOWARDS THESE ISSUES... HEADQUARTERED IN BAGHDAD! THINK THE WTO TOES ARENT CURLED WITH THAT...AND WHAT THAT SAYS ABOUT IRAQS REBRANDING AND MOVING AWAY FROM GENERATIONAL IMBEDDED CORRUPTION...AND ALL THE STATEMENTS ABOUT THEIR READINESS FOR ACCESSION... CONNECT THE DOTS AND THE PUZZLE PIECES COME TOGETHER... [They are further along then we know - IMO.] AGREED...AND THEY ARE QUITE FAR ALONG WITH WHAT IS PUBLIC AND ON RECORD.
11-19-2016 Newshound Guru Shredd Article: "Central necessary to mediate letter of guarantee 100% of their capital firms" Quote: "Baghdad revealed a document issued by the Central Bank of Iraq, on Thursday, for a resolution that includes an increase for letters of guarantee banking companies to allow them to enter sell the currency window, and noted that the decision included raising the letter of guarantee for banks to 100%..." Though not unprecedented in other markets, this 100% guarantee is great news and in my opinion, very telling it will be in place by the first of the year, given the recent news regarding the project to remove the zeros. See the forest in the trees, this is good news!
11-19-2016 Intel Guru RayRen98 I believe the Budget has been made a matter of urgency to get that approved and also implemented. Don’t put too much emphasis on the Budget, because being passed and published, that doesn’t mean an automatic RV. We have been looking for the lower denominations to be released every day this week. The Iraqi banks and CBI say they are fully set up for international interactions. The next thing is for the currency to change its value inside the country and then outside the country. We’re ready, everything is done, and banks are ready for international action. The citizens are no longer complaining about economic reforms. These are all signs to say that it’s over. It’s coming to a beginning, rather than an end. I do believe this is happening before the end of this year.
11-18-2016 Intel Guru Frank26 Financial Affairs Advisor to the Prime Minister, Dr. Saleh...on behalf of the CBI...He says that the CBI is operating in two directions...#1...the first direction is the reduction of the USD against the Iraqi dinar...and #2 is to stabilize the exchange rate in their country...I agree...because IMO the program rate of 1180 is no form of stability...Dr. Shabibi said...I plan to return our currency back to the glory days value of what it used to be in the ‘80’s and ‘90’s….now we all know that quote... Saleh said that the general orientation of the CBI is working to restore the IQD exchange rate against the USD to its former glory days”. ...there any glory in a program rate...there is only embarrassment...and to see these words again...given from the Financial Advisor to the Prime Minister to the citizens of Iraq...makes me smile.
11-18-2016 Newshound Guru Kaperoni Article: "Parliamentary Economy: project to delete the zeros from the currency has become impossible due to corruption" ...this kind of banter has been going on for years. It has been referred to as "political football" within Iraq. Fortunately for us this time, the CBI is under an SBA with the IMF that will dictate economic and banking reforms to move the economy forward. We just have to wait and see what that entails.
11-18-2016 Newshound Guru rcookie Frank Baker's Twitter Quote via Josie: "Frank Baker Great Britain's Ambassador to Iraq via Twitter... "Interesting meeting with Govenor of Central Bank of Iraq to speak about enabling market access to UK banks and need to respect IMF conditionality" [Discussing the ability for UK banks to bring money in and money out of Iraq. International banking.] THAT IS PRECISELY WHAT HE IS REFERRING TO... AWESOME FIND! ..."RESPECT IMF CONDITIONALITY"...MAGNITUDE OF VERBIAGE...
11-18-2016 Newshound Guru Adam Montana I've slept about 7 hours over the last 2 nights, and I couldn't be more eager to continue corresponding with some of my best contacts. It's all about what's in the news, my friends! I'm really surprised that we're not seeing more coverage of this, but my inside reports are telling me that the advance on ISIS in Mosul is going amazing.
11-18-2016 Intel Guru Bruce I was requested specifically...not to do Intel. Even though I have Intel, I have chosen not to bring that up. This shows the proximity where we are. I am excited and I think we are all excited.
11-18-2016 Newshound Guru firefly And why is nobody talking about or has forgotten the US signing with Iraq last weekend on the National Reconciliation agreement? It is something to keep a VERY close eye on. To ME...that was the most important news article I have read in a Looong time. That will unite Christians. muslims, all the Iraq tribes all the religions into ONE Iraq...Absolutely huge. [But as we saw in the Amnesty Law, there are a lot of hang ups in getting the Blocs to agree.] Let's keep a close eye on it and its timing. My gut tells me it will be enacted right at the end...or the begining depending on how you look at it lol.
11-17-2016 Newshound Guru BGG "The first part of 2017" starts in just 47days (if they bother to wait that long)... to get started...which they have signaled as some version of their "starting point" for the project...my point was - and is...we have PLENTY to be excited about - no matter what "THE DATE"...it's just weird they are this open - direct - and "forward looking" in their comments. Even giving something of a "heads - up" as to when...
11-17-2016 Newshound Guru Adam Montana [I have been thinking that when it comes to the RV, the current government in Iraq isn't any better than the last one.] I disagree that this government is no better than the last - it is MUCH better! Don't let the current lack of immediate RV discourage you, we are on the right track!
11-17-2016 Newshound Guru rcookie …AUCTION POLICY CHANGES AND IMPLEMENTATION OF NATIONAL DEPOSIT INSURANCE SCHEME...AND SECURITIES ISSUES ARE WHAT WILL BE ADDRESSED IN CBI LAW NO 94...WHEN IT GETS TO PARLIAMENT....WHICH IS WHY IN ADDITION TO INVESTMENT LAW...CHAMBER OF COMMERCE LAW ETC…HAVE BEEN ELEVATED TO FRONT OF THE LINE PRIORITY WISE...AND HERE IT IS...THIS IS A QUOATE FROM THE ALAK ARTICLE YESTERDAY CONCERNING AUCTIONS…..”The member of the Committee of Economy and Parliamentary investment, Nora Albjara confirmed in an interview Saig to (long-Presse), that the rise in price of the dollar crisis will be resolved only after amending the Central Bank of Iraq Law No. 94 of 2004 in harmony with the current stage, usually the law is a big part of the market crisis, especially with the rise of the dollar against the dinar, as well as financial liquidity.”
11-17-206 Newshound Guru Breitling A LOP…they just take the zeros off the currency…What’s the indicator that they are not going to do that? They start reducing the note count. If they are going to “pretend” there are no zeros on the currency then they don’t need to reduce the note count. It’s a massive undertaking to reduce the note count…The CBI said the old currency is going to gain value cause they are going to reduce the note count. Eventually the value is going to be so high they are going to have to replace the currency you and I have with a new note that makes up the balance...and give us the opportunity to exchange...So there is no reason to reduce the note count if they are going to LOP.
11-17-2016 Newshound Guru wmawhite The most exciting part of this is that the most important entity, the CBI, is telling the citizens of Iraq along with any other knuckle heads that will listen that a change is coming and is coming soon. I was excited...and then [Guru] rcookie found... Article: "Iraq Stock Exchange Convention on the electronic trading system online trading investors remotely with Manaf Software Company" ....and one article stated that the issuance of the 50, 100 and 200 IQD notes in early 2017..."will be the effect of the delete the zero project". ...meaning...something has occurred prior to the issuance of the notes. Did I by any chance tell you that I am excited?
11-17-2016 Newshound Guru rcookie THEY DID NOT JUST START REDUCING THE NOTE COUNT...IT HAS BEEN ONGOING FOR YEARS...THIS IS WHY THEY CURRENTLY HAVE A DIRE LIQUIDITY CRISIS...THE REDUCTION OF THE NOTE COUNT IS ONE OF THE PHASES OF THE DELETE THE ZEROES PROGRAM...JUST LIKE THE MINTING OF THE NEW 3 ZERO NOTES WITH SECURITY FEATURES WE ALL HOLD...AS WELL AS THE NEW LD'S...ALL MINTED IN 2013...ALL MINTED TO WELL STRATEGIZED QUANTITIES AND RELEASE DATES...AND THE 3 ZERO NOTES WHILE STILL BEING ACKNOWLEDGED AS LEGAL TENDER FOR 10 YEARS...CAN NOT POSSIBLY COEXIST FUNCTIONALLY IN THE MARKETPLACE AT "POINT OF SALE"...AFTER THE INT'L PRICING EQUATION IS APPLIED...AND PRICES ADJUSTED...CITIZENS PURCHASING POWER ELEVATED AND REALIZED...
11-17-2016 Intel/Newshound Guru Mnt Goat Article: "Urgent Abadi: make minor adjustments to the 2017 budget and submit it to parliament" ...they already had the required two readings and are planning to vote on the budget on 11/26. It sounds like it is ready now?
11-16-2016 Newshound Guru wmawhite [Local banks will...exchange the foreign currency with the countries treasuries and at that point it becomes an institutional note used in foreign trade.] Remember, not all "local banks" exchange foreign currencies...Again, not all banks in your community will exchange foreign currency.
11-16-2016 Newshound Guru Adam Montana [If/when the Dinar RVs can Trump have any influence on how this income is taxed and if so, would you think it would be to our benefit?] This is an extremely interesting question, especially if you remember when this speculation first started it was rumored that Donald Trump had made a large Dinar purchase. I'm not going to feed that rumor, so I'll stay on topic - Iraq is moving at it's own pace, despite who was or wasn't elected. I do believe that our election will have made an influence on their speed, but I don't think Donald Trump himself will have any influence on their timing.
11-16-2016 Intel/Newshound Guru Mnt Goat There is so much news and it all points to many things for the betterment of Iraq. Just look at Iraq now compared to in 2014. What progress they have made. Sure they still need to get rid of ISIS / Daash and implement the “Reconciliation Agreement” and many others but at least now they are moving FORWARD and at a very fast pace. At some point it will culminate with the RV but getting there is half the fun....lol... I know the CBI decision is to remove three zeros from the currency of Iraq beginning in 2017. They themselves have told us now over and over again and just recently again. Today is less than a 1 ½ months from this time period. I have waiting for this period since the CBI first announced in December of 2015, that they would postpone the project to delete the zeros till early 2017.
11-16-2016 Newshound Guru wmawhite Within all of those recent articles the CBI has also told us what one of the next steps is...the reduction of USD into the market place...The CBI is at a very critical point in this project, which is called "The Delete The Zero Project". This project is not ONLY the large notes, but numerous other administrative and procedural steps. There may be a dozen "action" items within this project and after the implementation of those items there will be an intended result...an increase in the purchasing power of the IQD (to the citizen) which will be caused by an increase in value if the IQD OUTSIDE of Iraq. [post 2 of 2]
11-16-2016 Newshound Guru wmawhite Article: "Iraq Stock Exchange formally signed the Convention on the electronic trading system via the Internet trading after investors with Manaf software company on Monday, November 14 2016." Quote: "It is hoped the project officially launched during the first quarter of 2017 after completion of the binding mechanisms with the Iraq Stock Exchange systems and build the required access sites." WOW...more confirmation of major changes coming soon...please do not focus on one particular date... Folks...do...you see the relationship between what the CBI is doing and what the ISX is preparing for? [post 1 of 2....stay tuned]
11-16-2016 Intel Guru Daz I dont think we will see 3+ in iraq...we're looking for something in the 1:1 range in-country. when that happens...we're golden...the goal: in Iraq a dinar is a dinar (1:1)...in the USA, a dinar is $3.71 "dollars" when the multiplying factor is applied...in other countries...the "factoring" number is different respective to each countries economy and trade .86- 1.14 is the range i think....essentially a 1:1 allowing for trade and market fluctuations… thats .86 dinar to dinar...up to 1.14 dinar per dinar in country...anywhere in that range and we are golden...that would mean a full reinstatement and possible revaluation on an international scale.
11-16-2016 Newshound Guru Adam Montana You need look no further than the current News...to see that the trending hot topic is OIL... which means HCL is on the way, and you know how I feel about HCL! Can you say "GO RV!"?
11-16-2016 Intel Guru Bruce I just want to give you a bit of...Intel that I am getting...we are understanding that there is a couple of people in Iraq, Assistant Director to Shabibi were indicating Iraqi dinar found a new value against the dollar and is coming out much higher than previous rates...reinforcing the Iraqi value has changed and is in position to be a much stronger currency and much higher than it was before the Iraqi war...we are in super position for this to come through at any moment. [post 3 of 3]
11-16-2016 Intel Guru Bruce When it comes to Iraq, Iraq over the weekend was having firework displays throughout the country. Those fireworks have gone off the last 2 to 3 days. They are in celebration mode. Also we have heard today that there was a rate change made in Iraq sometime early this morning [Tuesday] about 4:30 am EST. It indicated a higher, much higher rate on the dinar. I don’t know what the rate is, but it is higher than we thought the dinar was. The rate itself is made public as far as I know. Let’s see how that manifests. [post 2 of 3....stay tuned]
11-16-2016 Intel Guru Bruce A lot has happened. It is the 15th, and normally we get the UN Operational rates on the 15th. What happened yesterday in preparation for that, the screens maybe it was the front screens of the banking institutions in the United States, Canada, and Mexico, meaning North America, all went dark. They went dark maybe not all day but for hours for a period of time they went black. Why? It was because the rates were being updated, reinstalled onto the screens...It not only happened in North America, but at some point in the afternoon or last night it happened around the world. All the banks around the world were reinstalling the rates. That never happened before. I think it is an important event that took place. Today [the 15th], the United Nations Operational rates were supposed to be effective on this date. So far we are waiting for that to occur. Maybe there been some rate changes. [post 1 of 3....stay tuned]
12-4-2016 Intel Guru ADMINBILL I HAVE BEEN INFORMED WE WILL SEE THIS OVER THE NEXT 36 HOURS, AND IT WILL KEEP ROLLING FROM THERE...THE SOURCES ARE VERY, VERY GOOD. [...are you excited!?] VERY - 11 YEARS IS LONG ENOUGH! LET'S SEE WHAT THE NEXT 36 HOURS BRINGS. BUT REMEMBER 36 HOUR USUALLY MEANS 72.
12-4-2016 Intel Guru Dr. Clarke [As I understand the question...about where all the money was coming from to facilitate this Dinar exchange, Iraq doesn't need to have much, or any of the money.] ...each country, exchanges at their country rates, in their currencies, through their own treasuries...in our opinion.
12-4-2016 Newshound/Intel Guru BGG Article: "Urgent Jubouri declared the readiness of the budget and printed for a vote" they have been working on it....it will happen...they HAVE TO - IMF is likely pushing this. [sounds like they are voting on it now...as we speak.] That is what I gathered... however, we are a world away and this is Iraq... we should wait and see.
12-4-2016 Intel Guru Dr. Clarke [Are you still believing that the International public rv won't happen until after Dec 15th?] It’s going to happen ON or After the “15th”…DECEMBER 15 - 31, 2016...”OH WHAT FUN, IT IS TO RIDE, IN A ...” Your Bell, is about to be JINGLED...
12-3-2016 Intel Guru Dr. Clarke ...right now as we speak, the Dong rate on XE is 22,696 = $1...oh, and just so you know, right now as we’re looking at XE, the Iraq Dinar rate is 1,156 = $1...so it’s a little more valuable, and a little off the 1166 rate a tad, which means the value has moved up just a little...but the Dong value, has gone DOWN a little...that’s why we’re calling this recent move by VN to raise the Dong to the 22,700 range, a “Setup”...right before they SIGNIFICANTLY INCREASE IT’s value.
12-3-2016 Intel Guru ADMINBILL I AM LOOKING FOR THIS WEEKEND. IF THAT DOESN'T WORK OUT, I WILL KICK THE CAN DOWN THE ROAD ANOTHER WEEK. BUT MY MUST DO GITT'ER DONE DATE IS SHORTLY AFTER THE INAUGURATION. FOR THE MOST PART THE CONSENSUS FROM THOSE BEHIND THE SCENES AND THOSE IN THE FOREFRONT BELIEVE WE ARE AT THE END. IT REMAINS A PROCESS. AN EXCEPTIONALLY COMPLICATED AND PRECARIOUS ONE THAT HAS BEEN AND IS CAREFULLY MONITORED TO INSURE NOTHING, AND I MEAN NOTHING, WILL GO WRONG.
12-3-2016 Intel Guru RayRen98 We are seeing cars with ridiculous prices on sites in the Middle East, like an automobile for 149 dinar – even at $4 per dinar, that’s absurd. Others are being shown at 14,000 dinar, which at $4 rate would be $52,000, which is more reasonable. If the rate is $3, then it’s 39,000 dollars, which is more reasonable. Iraqi television is saying that ‘mosul is imminent”, which is better than Abadi saying “Mosul will be liberated by the end of the year”. People over there are saying the rates have changed in-country, ranging from 86 cents to $1.16. Basically, the dinar is at 1:1 parity with the dollar. We are looking forward to this closing out this weekend, ready for the IMF meeting on Monday, 5. December. If everything stays in accordance with the plan as I am hearing it, we will see a full public release this weekend...Everyone is waiting for the full Iraqi dinar. That’s the one I came on board for, and the other currencies should follow suit. [post 2 of 2]
12-3-2016 Intel Guru RayRen98 We can’t do anything about those holding the strings, but we can look to Iraq to see how close we are to the finish line, ready to step over. I think we have more sound information than in the past. We got all these bits of information, and they all boiled down to yesterday, with the new banking laws, the Budget, the IMF loan, and so on. Because we don’t have a public release right now, that doesn’t mean we won’t have one this evening or this weekend. A lot of things have been done to bring this public. I don’t see anything else that needs to be done... The Budget has supposedly been postponed until Saturday, but we know they are trying to get this done, and it really has to be done by Monday, when the IMF meets. The Budget is supposed to have the RV factored in. [post 1 of 2....stay tuned]
12-3-2016 Intel Guru Dr. Clarke [If Mosul is not finished in December, will that delay this longer due to “security” concerns?] As of “Right Now”, the TIMING of Mosul, is irrelevant, as to the increase and International status release of the Dinar. Nothing you hear or see about Mosul, will be an accurate description of what’s really going on there, especially from here on out - and that’s why you hear so many reports that conflict with each other. It’s supposed to. This is war. Forget about Mosul and the timing of the Dinar. We’re now past that stage of concern, and strategy. ISIS is already contained enough, and has been for a few weeks now, in order to increase the value substantially and make it International in status - OFFICIALLY - which means it’s FORMALLY ANNOUNCED & printed on the CBI WEBSITE. Until this happens, it’s ALL just hearsay, and means nothing - BECAUSE, you can’t go exchange it - YET.
12-3-2016 Newshound Guru Breitling Here’s the difference between Iraq and Turkey…the one thing you need to understand is that Turkey got rid of the three zeros on it’s notes. In other words their note count never changed. They never took any notes out of the market…why is Iraq taking physical notes out of their market? ...Turkey took three zeros off their currency, they didn’t take any physical notes out…they pretended they reduced the note count by taking the three zeros off the notes. We know Iraq is not doing the same thing. Why? Because they physically took notes out of circulation. They already retired the 50 dinar note. So they went from 9 billion notes to 6 billion notes. Did they take any zeros off in that process? No! They went from 6 billion to 4 billion. Did they pretend there were any zeros off their notes at any time? No! Did they retire any notes that they had out there? Yes…they retired the 50 dinar note. How people don’t see the difference..either they don’t or it’s just too much to handle. This isn’t for everybody…It can’t just be on hope and prayer cause you end up loosing. There has to be logic somewhere.
12-3-2016 Intel Guru Blondie Article from Iraq surfaced within the last number of hours quoting U.S. Secretary of Defense Carter Ashe as saying "he was confident that the days of a few Daesh in Mosul." Great news! Formal Mosul liberation appears to be close at hand!
12-3-2016 Newshound/Intel Guru BGG ...they are working with us, the IMF, the UN and the world...they need international acceptance. Iraq's currency situation is getting better and better - ISIS money being destroyed. AND - we've got the major players hunting "smuggled currency"... DAILY. My guess...there is likely 10-20% of the outstanding currency there was a couple of years ago... Economic and monetary reform is already on the way (started)... HANG ON!!
12-3-2016 Intel Guru Bluwolf We are close people. All the loops both on the political as well as in greedy established ones have been dealt with in its entirety. One last word, just have everything ready.
12-2-2016 Intel/Newshound Guru Mnt Goat What’s the latest news on the 2017 budget? We heard they were still supposed to conduct a final vote on the budget on Thursday, yesterday. Quotes: "The House Finance Committee has ruled, Thursday, to try to pass the financial budget for the year 2017 Law on Saturday, attributed the reason to the existence of fundamental differences." "it is difficult to pass a budget next Saturday." so the budget will probably not go for a final vote on Saturday either and will be delayed yet further. No new date has been given but I guess they will come out with some more news after Saturday’s meetings.
12-2-2016 Intel Guru Dr. Clarke [Your earlier post stated they were trying to get this done ASAP. Is it possible I know you said after 15th do you feel we could possibly have it before Christmas.] YES, we Believe that there is a very strong possibility that Public exchanges will take place, even the week of Xmas. Friends, Dec. 15 is a key date, and the few days that follow that...and if it doesn’t pop out then, it gets stronger and stronger, the closer we get to December 31...for MANY REASONS... [reference Dr. Clarke's posts 12-1-2016 and 12-2-2016]
12-2-2016 Intel/Newshound Guru Mnt Goat We can see so much progress in the direction of going international. Just recently the CBI itself made an announcement that the CBI bank will start applying the certified standards internationally aimed at cutting off funding for the organization (Daesh) and other terrorist organizations and to prevent money laundering. The governor also told us that this effort does effect the project to delete the zeros and that it could not be moved forward without this effort first. He also said the project will not be completed in December.
12-2-2016 Intel Guru Frank26 ...know this...When it happens it will be posted on the CBI website with no celebration in Iraq. It will simply be another day.
12-2-2016 Intel/Newshound Guru Backdoc WE ARE VERY ENCOURAGED BY A DECEMBER TO REMEMBER! SOON "THE RACE" WILL BEGIN AND WE MAY ALL FIND OUR SELVES WITH NEW CHOICES AS IRAQ TAKES THE INTERNATIONAL STAGE! REMEMBER, "ONE IS THE LONELIEST NUMBER"! IRAQ WILL CLIMB IN VALUE OVER THE NEXT SEVERAL MONTHS AS IT BECOMES THE STRONGEST CURRENCY IN THE WORLD! BLACK GOLD WILL BE A PLAYER FOR THEM BUT THEIR MINERAL WEALTH WILL BE THE GAME CHANGER! THEY HAVE THE LARGEST PHOSPHORUS RESERVES IN THE WORLD WHILE THE WORLD IS AT CRITICALLY LOW LEVELS! GOLD AND OTHER PRECIOUS METALS ARE RIDICULOUS. THEY HAVE HIDDEN THIS MOSTLY FROM THE MAINSTREAM BUT IT WILL EVENTUALLY ALL COME OUT! THERE ARE GREAT DAYS AHEAD AS IRAQ BEGINS TO DIVERSIFY ITS ECONOMY! ...IMO.
12-2-2016 Newshound Guru rcookie [I have heard that they have to RI or RV to get their loan...?] NO...IT IS ABSOLUTELY NOT TRUE...THE IMF LAID OUT EXACTLY WHAT IRAQ NEEDED TO DO TO QUALIFY FOR THEIR ACESS TO SBA...EXACTLY...JUST AS THEY DID FOR PREVIOUS SBA'S...SMP'S AND RFI'S....AND NOWHERE...NOWHERE HAS THERE EVER BEEN EVEN REMOTELY A SUGGESTION OF SUCH...EVER.
12-2-2016 Intel Guru ADMINBILL IT APPEARS THE TRAIN MAY BE ABOUT READY TO PULL INTO THE STATION. HAVE YOUR BOARDING PASSES READY FOR THE CONDUCTOR TO PUNCH, AND PRAY THE RAILS RUN STRAIGHT AND TRUE. THERE HAS BEEN SO MUCH POSITIVE IN THE WAY OF POSITIVE MOVEMENT IN THE LAST WEEK THAT EVEN SOME OF THE NAYSAYERS ARE OPTIMISTIC FOR DECEMBER (AND I DON'T MEAN LATE DECEMBER). TIME WILL TELL, OF COURSE...
12-2-2016 Intel Guru Dr. Clarke [Will the iqd exchange at face value times the international rate or will it exchange at face value minus 3 zeros times the international rate?] Face Value. The 000’s value, will remain on your currency at exchange time, regardless what Iraq does internally with theirs...In our opinion.
12-2-2016 Newshound Guru Shredd Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" Quote: "...the bank will start applying the certified standards internationally in this regard the beginning of December next,with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard." Good to see the banking system coming of age. This is great to see and proof the CBI is moving forward with their plan to have a banking system that is on par with other advanced economies. They are moving fast and forward and will be key in this next phase of the project to remove the zeros." This is showing us that all the ducks are in a row with the exception of national stability. With the battle being won over Daesh the stability is very, very close. So close that on 11/29/16 Prime Minister Abadi said "The Prime Minister reiterated, Haider al-Abadi, he will complete the implementation of military plans in Mosul by the end of this year, expressing hope that the restoration of the city battle ends soon."
12-2-2016 Intel Guru Dr. Clarke [As this crazy world turns so does the reality this will likely go into 2017.] This is NOT going into 2017. NOT. You may decide to EXCHANGE in 2017, but that’s it.
12-2-2016 Newshound Guru tlm724 Saleh announced on 11/27/16 that there will be a new bank to finance trade and private sector thus creating a single window for the purchase of USD and eliminating the CBI having to deal with it. There will very strict guidelines as mentioned in the article above and that will eliminate the fraud and corruption of the auctions! Things are shifting in our favor. We have a great chance of seeing huge progress in the delete the zero's project in the coming months... It wouldn't surprise me to see the HCL and the agreement with Kurdistan finalized as well...good days are just ahead! We have the IMF holding one hand of the CBI and the US Treasury holding the other. Be kinda hard to mess up with that combo at your side! Appears all systems are go just gotta restore stability... [post 2 of 2]
12-2-2016 Newshound Guru tlm724 Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" Quote: "...the bank will start applying the certified standards internationally in this regard the beginning of December next,with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard." I am so encouraged by this statement from the governor of the CBI for multiple reasons. On March 3rd, 2015 he gave the green light for the deletion of the zero's... And...within the budget of 2015 they stopped the auction of the US dollar albeit only temporarily, they jumped the gun on that one. This years budget is still being negotiated. [post 1 of 2....stay tuned]
12-2-2016 Newshound Guru Kaperoni I remember years ago we... discovered the true intent was to float the dinar... Now I think most agree a RV is not practical and a float is the most likely.
12-2-2016 Newshound Guru MadDScout Article: "Iraq seeks to modify and activate the strategic agreement with America." Quotes: "Iraqi foreign revealed the formation of an Iraqi Committee to review the strategic framework agreement with Washington, the last joint meeting demand on some major points." "Iraq is a breeding ground for all States of the world and not only the United States," reclining on the security position is no longer an excuse for inaction to enter the Iraqi market and rich ". On top of sizzling news, this to me looks like more indication of dotting i's and crossing t's, in terms of strategic preparation's we see going on in Iraq.
12-2-2016 Intel Guru Dr. Clarke [I really find this information difficult to believe. If there was a clear indication that the rate had increased in country that would be like telling everyone to be sure and load up on Dinar as we'll be going international soon?] You’d be Wrong. Everyone has had 15 years to load up on Dinar, so the world is full of skeptics, no matter how good it looked, because things have gone on so long...we’re telling you THE TIME IS UP, AND THE MOVE IS ON - NOW!
12-2-2016 Intel Guru Bruce Iraq still a factor in this? Yes. Has the announcement about the budget, the amendment of the HCL law and anything else come out? It came out. It was already pre recorded it wasn’t aired yesterday. It has been put off until Saturday morning. That news is coming out of Iraq may not get here Saturday. There is a tie in with the IMF that has to do with the loan they plan on making to Iraq and announce that on Monday, December 5. I tell you now all the lower denominations are out in Iraq with their currency in all of the providences. The dinar is showing in Iraq at 1 to 1 with the USD now. ...my thinking is most of the so called bank rates will be higher than we thought. We are not calling a date, but the weekend is looking very good at this time... We are not far from the finish line. It is right here.
12-1-2016 Intel Guru Dr.Clarke [What do you and yours think about how this goes down whenever that might be? Do you think the mainstream talking heads will mention any of it or just watch it come and go quietly?] YES, this will hit mainstream media BIG TIME... Reason it will be International big news, is that they want to RUN UP THE VALUE, ASAP ON FOREX and in all trading market platforms. Much MORE $$$$$$...dah?
12-1-2016 Intel Guru Blondie Recent articles are saying they're moving the voting on the 2017 budget to this Saturday in order to add some amendments of a "political nature." Let's hope they get it done!
12-1-2016 Intel Guru Dr. Clarke [...do you see the Dec 7th IMF meeting moved up to Dec 5th a good sign of them showing a rate?] Yes, the IMF meeting is big, but the date is not that important. What is important, is that they are formally meeting - not for anything NEW, but to finalize what is already done.
12-1-2016 Newshound Guru mike ...the banking stuff is probably one of the most important parts of the process. Over and over I read articles about how Iraqi's not only avoid the private banks, they openly complain about how they operate and treat their customers. I don't see any movement with the currency until the banks are up to speed and able to facilitate the banking transactions that are necessary to support an open market economy. In the end, I've read these article for over four years now, they always say they're "making progress" but the time "just isn't right" to slowly remove the zero's. The brightest ray of sunshine is the fact that they're not going to lop the zero's off...they're going to use a process to raise the value. All we need is for them to determine when "the time is right" to get the ball rolling. ...this is an opinion... [post 2 of 2]
12-1-2016 Newshound Guru mike Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" I'm willing to bet that there will be no lower denom's in early 2017, in fact, I would say it's practically impossible. Adding value to the dinar is a process; MCP, liberalizing exchange etc, that isn't happening overnight. Even in a perfect scenario, the IMF have told Iraq they need to control the MCP for a minimum of 90 days, then they can accept the responsiblity of Article VIII and begin the slow, laborious process of raising the value of the dinar. ...articles...are telling us that Iraq isn't ready...yet. I don't think we're seeing these article's from Keywords by chance either, this guy's under a lot of pressure for the loss of the reserves through the corrupted auction's, he's telling everyone, as loudly as he can, that there's nothing to see here, we're on track to a better place and prosperity. [post 1 of 2....stay tuned]
12-1-2016 Intel Guru Dr. Clarke [ANY THOUGHTS ON THE DONG? ...Do You think the Dong is ready now for a revalue.] The status of the Dong, is exactly the same, as it’s been for the past 2 months...waiting on the official ISIS statement of Safety & Security...ISIS, spans the globe, and has infiltrated financial arena’s...the DONG has nothing to do with Iraq’s Dinar Currency! It DOES, have EVERYTHING to do with ISIS - which is primarily IN the country of Iraq. So, the two are linked...IT'S READY RIGHT NOW, AND HAS BEEN FOR QUITE SOME TIME. Why do you think it Just went to an All-Time high value, agains the dollar last week? Can you say, "SETUP?"...yes, believe it.
12-1-2016 Intel Guru Blondie Starting in December, the head of the CBI has announced (in available articles, this is public information) that Iraq will implement specific international standards with respect to anti-money laundering (OFAC List, Know Your Customer, Source of Funds), the same techniques required by financial institutions here in the U.S. and other nations. This keeps money not only out of the hands of ISIS, but other money launderers and helps put an end to the corruption that has been so rampant in Iraq. Doing these things is certainly a major step in the right direction.
12-1-2016 Intel Guru Dr. Clarke ...mark our words with 100% Certainty, this month of DECEMBER 2016, WILL NOT PASS, WITHOUT IRAQ substantially raising the Rate & Value of their Dinar Currency AND Officially declaring it FULLY INTERNATIONAL in status, of which, ANYONE outside the country of Iraq, will be able to TRADE OR EXCHANGE it, for Legal Tender. ...this situation with Iraq having a currency, that is only usable, tradable and qualifiable, only in the country of Iraq, at a very nominal value - IS ENDING IN THIS MONTH OF DECEMBER 2016. WE COULD NOT BE ANY CLEARER, OR PRECISE THAN THIS...“EXCITEMENT” should be your key word every day for the entire month of DECEMBER...
12-1-2016 Intel Guru ADMINBILL THERE IS A VERY REAL CHANCE THAT THE CAN IS FAR TOO FULL OF CONCRETE TO KICK AROUND MUCH FURTHER. MY WINDOW CONTINUES TO BE FROM NOW UNTIL THE END OF JANUARY WITH MY BEST WINDOW UNTIL MID-DECEMBER.
11-30-2016 Newshound Guru Aggiedad77 Article quote: "The first agreement of its kind between the Federal Reserve Bank and the US Treasury on the one hand and the Central Bank of Iraq, on the other hand, entered into to control the dollar remittances and ensure the prevention of access to illicit destinations," noting that those "The agreement includes cooperation, coordination and exchange of information and financial data relating to the sale of foreign currency and circulation." Remember this article...the UST and FED RES working tightly with the CBI...oh how full of stars this is getting to be...
11-30-2016 Newshound Guru Kaperoni Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" Quote: "...the bank will start applying the certified standards internationally in this regard the beginning of December next, with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard." ...the CBI is stating, were not ready to delete the zeros yet, but we are moving the banking system forward to engage with the global banking system. Does anyone see the importance of this? It is another clear sign that the CBI has no intention to LOP the dinar. If they did, they would certainly do it prior to bringing the world's financial system into play. Stating it as they do, IMO only confirms that they intent to raise the value of the dinar as we have stated for years.
11-30-2016 Intel/Newshound Guru tman23 "the Central Bank of Iraq has not set a date for the deletion of zeros from the currency dinar,” Did Shabibi not say...The deletion of the 3 zeros must be done at the start of the NEW YEAR...AND not in the middle of a quarter or the middle of the year...A timeline by a credible source! AND the current CBI governor said in recent articles...EARLY 2017... ...I'LL GO OUT ON A LIMB AND SAY WITH-IN THE FIRST 10 DAYS OF 2017... “the Bank Enter accredited international standards by an international auditing firm for the classification of financial and banking institutions, including ensure compliance with the requirements of the compliance of the law against money laundering and terrorist financing for the year 2015, where it will be applied to the beginning of December next.”...ERNEST AND YOUNG WERE TO FINISH UP MID NOVEMBER...AND SO AS SUSPECTED WE WOULD SEE THIS TYPE OF ANNOUNCEMENT AT LEAST 30 DAYS BEFORE THE "HAPPENING"! ...12/15 - 1/3...
11-30-2016 Intel Guru SteveI I talked to [Guru] Millionday and...she feels we are right on top of this finally happening by the first of the year.
11-30-2016 Newshound Guru Adam Montana We're heating up right now, not quite on fire, but the burner is on! I'm watching the news like a hawk, day and night, no time or need for sleep right now. REALLY excited to see how this continues!
11-30-2016 Intel Guru Frank26 I strongly believe that there is a change in the rate and I strongly believe that it will be reported very soon... IMO...PURCHASING POWER was given to the citizens IN-COUNTRY and is now 1 to 1 with the USD. IMO...their currency is worth one dollar...The American Dollar is PEGGED to the Iraqi Dinar. ...they took 1188 away from the AUCTIONS...to put in a TRANSITIONAL RATE...which has been well hidden. We want this TR (Transitional Rate) to go INTERNATIONAL...to the FOREX...and it will climb faster than a Saturn rocket. We’ve been waiting for “INTERNATIONAL!” The 5th...which is THIS COMING MONDAY...HELLO! This date...for the IMF ...the “target date” is to see if they have complied with the IMF requirements. I believe they are Article 8 compliant. It’s a one-way street. Abadi adjusted 2 things in the budget that the IMF demanded...it’s ready...
11-30-2016 Intel Guru Dr. Clarke It looks as though Iraq will substantially & publicly raise their Dinar rate of value, over the next few days, but the Official International status, will not be granted until December 15-31, 2016. This means, that official Public trading & exchanges outside Iraq, will not begin, until after December 15, 2016, through the end of the month...This change is due primarily to the question about Oil pricing, the value of the U.S. dollar, and the status/timing within Mosul. The push is to complete this FOR SURE, in the month of December 2016 asap, with a full International Rate & status established, as quickly as possible. As of "right now", Exchanges outside the country for everyone, will begin sometime from December 15th forward...In our Opinion...The rest of this week, into this weekend through the 5th, will be "Very Interesting"...It will soon be, a Very "Happy New Year".
11-30-2016 Intel Guru Bruce The information that has come out recently is very good as far as the proximity where we are...Information now is we are coming down to the wire. They have done an announcement in Iraq and recorded it. This announcement would include the 2017 budget for Iraq, the discussion about the amendments of the HCL Law, and there might be something about the International banking law. I think what we are looking for is also IMF to mention or an announcement...That announcement had to do with the loan of the IMF to shore up the credit in Iraq which is quite high. It will help to increase the amount of credit or credit score. That...should happen tomorrow morning [Wednesday] our time here. We haven’t heard new rates on Dong and Dinar but they were very high the last I heard. We are ready. Everything is ready. They do want this to go by Thursday. A very short window to come through if we are going to make that. I think we can look closely for the notifications to come in at any time.
11-29-2016 Newshound Guru rcookie JUST READ THIS HEADLINE... "Jubouri: Parliament ongoing legal legislation in which they can change the reality of this country" NUFF SAID...
11-29-2016 Intel Guru Frank26 The RV...and the MCP end at the same time! ...in Iraq... extremely soon...you will only be able to buy a hamburger in Iraq with IQD. It is not that the value of the American Dollar is going down...it is the AVAILABILITY of the USD that is going down. In the year 2016...which was an IMF requirement...They had to become a...one currency strong nation. This is what Iraq is about to tell you. The MCP (Multi currency Program) will stop this year in 2016...IMO. The IMF changed the meeting from the 7th to the 5th...they have a target date. In 2016? It really depends on Iraq. The ball is in their court. If they are going to meet on the 5th of December ...may I suggest that that rate be available BEFORE the 5th? In fact, the IMF made it very clear to them...if they don’t have a change in their rate...there is no point in meeting with them on the 7th! And now they changed it to the 5th! ...ahead of time?! [post 2 of 2]
11-29-2016 Intel Guru Frank26 There will be an economic explosion in Iraq in 2017...starting with the contracts...they are using rates that are NOT of the program rate. ...there are 3 contracts that we are following...that have completely different rates. Then all of the sudden...last Wednesday... they are now with NEW contracts. What are they? Infrastructure – they are bringing in companies... INTERNATIONAL companies...the commercial contracts and the infrastructure contracts were NOT based on a program rate...IMO...they were based on a “Transitional Rate”... ...how is that possible under their sanctions? ...IMO...they qualified to do this. ...look for these big companies to start pouring in...Look for DOW Chemical company. Look for AT&T. Look for textile companies...look for merchandise companies...look for especially communications. All infrastructure will explode in February 2017. [post 1 of 2....stay tuned]
11-29-2016 Newshound Guru Adam Montana [...bout time to hear some good news go go Rv?] I am not going to sugarcoat this, YES IT IS about time! We've waited a long time to get into a situation this positive! [reference Adam Montana post 11-28-2016]
11-29-2016 Newshound Guru rcookie Article: "Iraqi Kurdistan displays oil deliveries to Baghdad" Quote: "The President of Iraq's Kurdistan Regional Government, Nechirvan Barzani, was ready source of oil delivered to the federal government in Baghdad, against the payment of salaries of employees of the province, to welcome the Iraqi Oil Ministry this step, which is a breakthrough in the list between Baghdad and Erbil oil crisis." KURDS ARE TURNING OIL PRODUCTION OVER TO CENTRAL SO TO FACILITATE OIL AGREEMENT AND COMPLIANCE OF REGIONAL COMMITMENTS TO RECEIVE THEIR 17%...
11-29-2016 Intel Guru ADMINBILL ALL NEWS COMING IN IS POSITIVE. ACTIVITY AND REPORTS ARE POINTING TO THE FIRST PART OF DECEMBER. MY WINDOW REMAINS NOW THROUGH THE END OF JANUARY.
11-29-2016 Intel Guru Frank26 ...the Budget. Will the budget they are working on come out with a new rate? IMO...no. Can it come out with a new rate? Oh yeah. Is the budget ready? Yes...because Abadi told you so a few days ago. What did he say in the article? That it was being postponed... The new rate will NOT come out from the new budget...but from the CBI...when they are good and ready. All of this comes from a “play-book” or plan. The budget will be in dinars. That is a VERY IMPORTANT FACTOR... If they have the new rate in it...they are not going to tell you about it. IMO – the budget will not wait for the new rate...it moves on. When the new rate is out...EVERYTHING can be easily converted to the new rate that they are working on with the MR.
11-29-2016 Intel/Newshound Guru Mnt Goat Article: "Abadi adviser (Saleh) calls for the establishment of a new bank to finance trade and private sector" This is amazing news! It is WOW news. ...they are telling us the currency auctions {by the CBI} will end and be replaced by a separate bank that will handle international currencies. I quote from the article above – “to set up a new bank for trade finance” and “the trade must be regulated by the government, but without restriction”. ...So what other currencies would they be so worried about in dealing with foreign remittences. Why would they need a separate bank just for this effort if they did not expect to be conducting trade with many other countries and converting many currencies of these countries? ...The part about “without restriction” says it all. This means a free flow of monies during trade. Yes – this is needed if they are going to get out of their “closed” economy and open up an unrestricted trade with international countries. Folks this is just another tell-tell sign they are about to go international…WOW!
11-29-2016 Newshound Guru rcookie ...ALAK....SALEH AND FINANCE COMMITTEE MEMBERS HAVE OUTLINED 7 LAWS IN ADDITION TO THE INVESTMENT LAW AND OTHER ECONOMIC & FINANCIAL ACTS IN NEED OF AMENDING...
1. CENTRAL BANK LAW NO. 56 (2004)
2. FEDERAL BANKING LAW NO. 94 (2004)
3. COMPANIES LAW NO. 21 (1997)
4. IRAQI STOCK EXCHANGE LAW NO. 74 (2004)
5. FINANCIAL ADMINISTRATION ACT
6. INTEGRITY COMMISSION ACT
7. PFM LAW AMENDMENT & INCORPORATION TO 2017 BUDGET LAW
11-28-2016 Intel Guru RayRen98 The Budget was going to be approved on Saturday, and now it’s been pushed to 1. December...along with reconciliation and the final piece on the liberation of Mosul. Everything is being piled up to be done by the first to meet IMF requirements. Iraq is ready to roll, in fact they have already been rolling... [Do you know if the new rate is expected to be inside the 2017 budget being voted on this week?] Yes...that’s why it’s important. The Budget should either state the rate or have indications of the rate.
11-28-2016 Newshound Guru hutch LOTS OF GREAT RECONCILIATION THINGS HAPPENING... WE ARE IN A GREAT PLACE RIGHT NOW!
11-28-2016 Intel/Newshound Guru Backdoc Article: "Oil Industry Anticipates Day of Reckoning" WITH ALL THAT IS COMPLETED AND COMPLETING IN IRAQ AND VIETNAM, THE DOLLAR WILL NOW BEGIN TO MAKE ITS' ADJUSTMENT AND OIL WILL BEGIN ITS' RIDE HIGHER! THIS IS A HUGE EVENT... THESE COUNTRIES KNOW THAT ITS NOT JUST ABOUT OIL IS IT? NO! MANY COUNTRIES ARE READY FOR CURRENCY ADJUSTMENTS, AREN'T THEY? MY EYES WILL NOW WATCH FOR EVENTS ON THE 8TH THAT WILL BE STARTED!
11-28-2016 Newshound/Intel Guru BGG ...at this point - Maliki is likely a non-factor...In fact...a couple of days ago...Maliki was attacked by SHIAS during the "haj" to Karbala...In laymans terms - his own people attacked him as a criminal and a thief!! Very telling as to the mood of the people in Iraq. It would also appear there is "broad support" for this rooting out of corruption and cleaning things up...So - while Maliki has likely been an economic non-factor for a while now - he clearly once was... AND as recently as YESTERDAY the final issue may well have been settled...they are moving ahead economically and financially - monetary reform is about all kinds of other things. [post 2 of 2]
11-28-2016 Newshound/Intel Guru BGG While Maliki is of little importance to the current situation - as in economic reform... it is HUGE that he's been gradually minimized over the last year or two. Culminating in this "Law of Popular Crowds" being passed JUST YESTERDAY...this "Law of the Popular Crowds" ...IT IS VERY IMPORTANT...this law brings the Shia Militias more under the control and purview of Abadi and the Central GOI. The fact of the matter is this - without Maliki being gone - NONE of this economic, political and monetary policy reform would be possible...Once Abadi took over - he's had to chisel away at that "power base" a little at a time... [post 1 ofr 2....stay tuned]
11-28-2016 Intel/Newshound Guru Mnt Goat Todays’ news is very, very exciting. It tells us so much about the dynamics going on in the Iraqi govt and between the Kurdistan region. Also about all the drama going on with the 2017 budget and it is absolutely amazing! Last we knew they were supposed to take the final vote on Saturday 11/26. Did they? We see it did not come up for a final vote due to more needed changes or disagreements so it was stalled again. ...we see pressure from Abadi to try to stop the delay. We see the pressure as they are down to the wire on getting the budget done. ...for the very first time they have never been in such critical stage for their nation, economically and financially and much of the future progress hedges on the success of this budget.
11-28-2016 Intel Guru ADMINBILL CONTACTS REMAIN VERY OPTIMISTIC WITH SOME SAYING THIS WEEK. I AM STILL OF THE OPINION THAT OUR MOVING TARGET IS BETWEEN NOW AND THE END OF JANUARY.
11-28-2016 Newshound Guru Adam Montana ...we are HEATING UP! I'm not even going to go into great detail about the current situation, it's THAT easy to understand. 1. We have a good shot at a Budget this week. This is unprecedented, and will be the soonest Budget approval EVER. 2. Oil. 'Nuff said: "Kurds request Baghdad and Erbil to commit Oil agreement" 3. World Bank to loan 4 billion DINARS next month. That's NOTHING... without a change in the rate. Seriously not even worth the paperwork, much less a news story... WITHOUT A CHANGE IN THE RATE. Can you say "GO RV"? This is quite simply one of the best times I have ever seen for the IQD, and we are witnessing it happen right in front of our eyes! I'm pretty sure some of you are finally starting to wake up to the fact that we are getting close...
11-28-2016 Newshound/Intel Guru BGG Article: "Iraq receives four billion dinars as a loan from the World Bank next month" When I saw this one - my first thought was... 1) That is great... the WB pitching in (even if it IS only 4 million USD) means they are HEADED towards international "re-integration"... via IMF oversight and my second thought was...2) 4 million USD doesn't seem like much (or less) - unless of course... it's NOT REALLY 4 million? they quoted this number in Dinar (which they would - since it is in Arabic vernacular)...but that number may not be "exactly static"...Who knows what 4 Billion Dinar is worth then? 4 million doesn't do much in the way of "reconstruction"... That article says Dinar... another one says USD... My point...it's probably NOT 4 Billion Dinar at it's current value. That would only be 4 Million USD - that's about enough to "reconstruct" one really nice house...4 Billion - on the other hand... might be a start...
11-27-2016 Newshound/Intel Guru BGG "...Iraqi Council of Representatives included a vote on the draft general budget of the Federal Republic of Iraq for fiscal year 2017 on Monday session agenda." Well - they have already pushed thru some crucial votes... no need to stop now. If they want to stay in good with the IMF they have some "housekeeping" to get handled - this business about passing budget bills late in the current year won't fly...I expect to see a 2017 budget passed before 2017 gets here...
11-27-2016 Intel Guru RayRen98 It has been reported that the popular vote was approved thereby uniting Iraq but the budget vote was postponed until Thursday, December 1, 2016. The distribution of the lower denoms are "expected" to be in all provinces by morning. The IMF review has been moved to Monday, December 5, 2016. Iraqi TV states the importance of the loan and that the fight in Mosul needs to be completed to plant the flag and commence the national reconciliation. So, it appears that the complete freeing of Mosul, the passing of the budget and the national reconciliation will all occur on Thursday, December 1 and the IMF review to conclude on Monday, December 5. Can the currency revalue see an international public release before then? Time Will Tell...smile.
11-27-2016 Newshound Guru rcookie Article quote: "...create an ideal investment environment is an economic center of development sought by Iraq and represents the legal side of the main attractions of advanced and specialized international companies that can be used to achieve the development goals which must include all sectors." THIS ARTICLE IS HUGE... OUTLINES THE APPLICATION OF THE INVESTMENT LAW NO 13...AND ADDRESSING OBSTACLES FROM FOREIGN INVESTORS PERSPECTIVE... SO...FURTHER INVESTMENT LAW AMENDING COMING SOON TO A PARLIAMENT SESSION NEAR YOU...ALONG WITH ALL OF THE OTHER ECONOMIC & FINANCIAL LAWS WE HAVE HAD LAID OUT FOR US THIS WEEK...WE KNOW EXACTLY WHAT WE ARE LOOKING FOR...
11-27-2016 Newshound/Intel Guru Arthur
FACT: HALF OF 2017 BUDGET VOTED ON...11/26/16.
(24 OUT OF THE 48 BUDGET ARTICLES)
FACT: THE OTHER HALF OF THE ARTICLES (25 THRU 48) SCHEDULED
FOR THURSDAY 12/1/16.
FACT: THE SIGNIFICANCE: NONE OF US HAS EVER SEEN A PASSED AND
IMPLEMENTED BUDGET IN IRAQ!
FACT: FINAL IMF SBA REVIEW SCHEDULED FOR DECEMBER 5TH
(MUST HAVE LOAN TO COVER DEFICIT, AND MUST INCLUDE HCL)
FACT: 35 DAYS UNTIL THE BEGINNING OF "EARLY 2017" (DELETION OF
ZEROS PER CBI).
11-27-2016 Intel Guru Frank26 In the last few hours so much has occurred ...the dynamics of what we STUDY is of great velocity. Let's say that the movement ... The progress of the process ... Is adjusting ... Conforming ... To their Targets. ...at this moment...there has been a Change to the Dec 7th IMF Meeting ... To the 5th. This is GIGANTIC ...
11-26-2016 Intel Guru Frank26 ...there is a law or two that need to be passed before the budget is released or simultaneously with the budget. It is also important to remember that the budget has nothing to do with the monetary reform for it too is in a long line waiting for the new rate. IMO... All is extremely well!
11-26-2016 Newshound Guru hutch Article: "Parliamentary Finance: Adoption of the General Budget Law for the year 2016 will be the end of this week" ...and then the 2017 for Monday. Quote: "The House of Representatives has finished its session on the ninth of November this second reading of the draft federal budget for the 2017 law, and directed the presidency of parliament parliamentary Finance Committee Bandaj the bill for a vote, in the coming sessions."
11-26-2016 Newshound Guru rcookie ...EXPLAIN TO ME HOW THE REQUISITE FOREIGN INVESTMENT NECESSARY TO SUPPORT AND DRIVE THE CURRENCY REFORM WE ARE WAITING FOR COULD REMOTELY HAVE BEEN POSSIBLE WITHOUT ADDRESSMENT ALONG WITH THE OTHER CRITICAL BANKING...ECONOMIC & FINANCIAL LAWS THAT HAVE BEEN ADDRESSED IN LAST YEAR...SIMPLE ANSWER...THEY COULD NOT...EVER...EVER...NEVER...
11-26-2016 Newshound Guru Adam Montana [Do you think they are waiting until Mosul is clear of ISIS and making sure Mosul banks are secured and accounted for before CBI makes RV announcement?] NO, but the Mosul operation is a big deal and they are doing awesome!
11-26-2016 Newshound Guru rcookie HERE IS THE BIGGIE...FLYING UNDER THE RADAR FOR TOMORROW [SATURDAY] ... COMMERCIAL AGENCY LAW...PLEASE READ AND UNDERSTAND HE SIGNIFICANCE RELATIVE TO DFI (DIRECT FOREIGN INVESTMENT)... Quote: "THIS LEGISLATION AIMES TO REGULATE THE WORK OF COMMERCIAL AGENCY EXERCISED IN IRAQ BY AN AGENT FOR THE BENEFIT OF A NATURAL OR LEGAL PERSON FROM ABROAD; AND REGULATE THE TRANSACTIONS OF THE DEPARTMENTS OF THE STATE, THE SOCIAL, MIXED AND PRIVATE SECTORS AND THE UNIONS WITH NATURAL AND LEGAL, ARAB AND FOREIGN PERSONS IN SUCH A WAY AS TO ACHIEVE DEVELOPMENT TARGETS, PREVENT EXPLOITATION, AND SECURE THE INTEREST OF THE NATIONAL ECONOMY..." THINK THIS MIGHT BE A TAD BIT IMPORTANT TOWARD DFI AND ACQUISITION OF DFI AND...ALONG WITH THE OTHER LAWS REVEALED YESTERDAY AS THE KEYS TO DELIVERING WHAT WE ARE ALL LOOKING FOR...
11-26-2016 Newshound Guru Adam Montana [Can you clarify the difference between the "oil agreement" and HCL?] HCL vs "oil agreement" is exactly what is going on... I'll get to the point real fast. They are using this term as a buffer while they are fiddling around. They will crank it up when they are ready, and it's not going to happen when we are most comfortably ready.
11-25-2016 Newshound Guru rcookie VOTING ON 2017 BUDGET LAW....AND AMNESTY LAW AMENDMENT...TOMORROW PARL SESSION...
11-25-2016 Intel/Newshound Guru Mnt Goat We know that no matter what notes they initially launch it will mean some kind of substantial increase in the value of the dinar...they told us it will be a “slow” rollout and may take some time. Only the CBI knows the plan and at what level of value the rate would have to be to continue with the launching and circulation of the next set of notes. I would guess it too is variable depending on the initial market reactions once they begin this next step in the process in early 2017. For the timing- I assure you it will not be years or even months before we see a significant rate of over $3.00 for the dinar once it hits the international markets and hedge funds. Again this is just my opinion and I am not giving any investment advise. [post 2 of 2]
11-25-2016 Intel/Newshound Guru Mnt Goat The CBI announced this week to the Iraqi citizens the introduction of the 500 IQD notes...this information is...HUGE, HUGE, HUGE. ...this note is on the list of the notes they must launch prior to any RV. They are still virtually worthless. Not until they are physically launched in early 2017 for their use at a higher dinar rate will they become practical to use. For now this is just an education process to get ready for that timeframe that is getting very close at hand. Remember they launched the 250 last summer and they had to fix the 50 with new security features so we can expect them too to come out soon. [post 1 of 2....stay tuned]
11-25-2016 Intel Guru Frank26 BTW...THREE ZERO TALK is a Momentum...A Cause in Iraq. Why SO MANY THREE ZERO ARTICLES TALKING about LIFTING THE THREE ZEROS in 2016? Because in 2017... LD's are coming.
11-25-2016 Intel/Newshound Guru tman23 Iraq is plagued by socioeconomic development and proof is provided everyday...with news articles... The country offered bonds in US dollars and Euro, this was an attempt provide confidence to countries that a currency depreciation in IQD would not impact negatively on the yields of the bonds they purchased...on the other hand, local emerging market bonds were purchased by Iraq citizens in local currency (dinar)... The bonds along with the past year release of the 50k note and the latest 500 dinar note creates quite the conundrum...And with all this wealth of information gathered daily over the years on the Iraq dinar speculation...The 'Iraqi Dinar conundrum" remains the same as it did 10 years ago... How will Iraq treat the 3 zero notes upon exchange? Answer coming very soon...
11-25-2016 Newshound Guru rcookie [Iraq has gone from an average inflation rate of 12.9% down to 0.20% over the last 11 years.] YEP... AND DEBUNKS ANY ASSERTIONS...STATING IRAN & IRAQ WALKING DOWN AISLE OF ECONOMIC MATRIMONY TOGETHER...IRAN INFLATION ALMOST 8%.
11-25-2016 Intel/Newshound Guru Mnt Goat My contact would not give me a firm date but said that without Dr Shabibi having full access to the mechanisms to launch the process of the initial rate increase, the CBI could not make the needed process work. The FACT is we now know for sure that Dr Shabibi is not at the helm in the CBI...But there is one exception timeframe built into the process. This timeframe is the first week in January. In other words, with the correct security credentials, a knowledge of the process and with minimal training someone, besides Dr Shabibi, can actually manipulate the systems needed to move the currency forward. To me this tells us that we can expect them to do something significant sometime within the very first week of January 2017. Of course this is still just my guess. But a very good guess based on other factual data... [post 2 of 2]
11-25-2016 Intel/Newshound Guru Mnt Goat ...from the fall of 2015 (when they told us they were officially postponing the project to delete the zeros until early 2017) that there were only 2 articles telling us to wait until early 2017...information once again reminding us that it was coming, but not yet. Then in November 2016 alone an explosion of articles as we have seen nine (9) articles so far in this month alone out of over a year of waiting. Something is going on here. So I recently jumped on the phone and talked to my CBI contact. What was I told? I was told that YES they are now going forward with the project to delete the zeros. So this also confirms what I heard about Iraqi TV and news media stations broadcasting this news last week. [post 1 of 2....stay tuned]
11-25-2016 Newshound Guru Adam Montana [...which will come first ; . the introduction of the lower denoms or a new rate for the dinar?] I think they come at the same time, OR the lower denoms come slightly sooner.
11-24-2016 Intel Guru ADMINBILL More info coming in yesterday to suggest that we are closer to our goal. Activity may begin tomorrow. News out of Iraq continues to be good. Look for good things to happen. We have a window that stretches through January IMO.
11-24-2016 Newshound Guru Adam Montana ...the HCL hasn't been completed...that's really the only thing we're waiting on, and OIL news has been ramping up... this is a good thing! We are certainly getting close...
11-24-2016 Newshound Guru rcookie [Iraq seems to be taken a leading roll in banking reform throughout the region.] YES THEY ARE...AND GIVEN THEIR LONGSTANDING REPUTATION AND PAST TRACK RECORD...WOULD NOT BE AFFORDED THIS OPPORTUNITY FROM WORLD AGENCIES UNLESS THEY WERE CONVINCED & CONFIDENT OF IRAQS COMMITMENT AND FOCUS TO BE THE REGIONAL LEADERS...
11-24-2016 Intel/Newshound Guru Mnt Goat ...as we get closer and closer to the “early 2017” date we see more and more information coming out of the press on the progress that they are making. The CBI even told us last week that they are now proceeding once again with the “project to delete the zeros”...this is exactly the news we must hear and await to hear. Now we have it….WOW! ...I know for a FACT that within Iraq, the news channels talked about the CBI declaring that they have begun the “project to delete the zeros” once again. I was told this too by my CBI contact over a year ago that this “project to delete the zeros” and its process and progress is what we should be concentrating on mostly. ...Iraq also needs to get the banking and financial reforms in place to support the project. So now we see them doing it and it is right on time...Is it time to get excited? Yes, Yes and YES!
11-23-2016 Intel Guru RayRen98 [Are you aware of any specific item or issue that must be completed before the RV will occur?] No. The Budget has come up in conversation; it should be finalized on Saturday...As for lower denominations, we are getting information that they are in some of the provinces. There is some kind of distribution going on, in some hands/places. We have heard that from various sources this week. We believe that window has been opened. I don’t know to what degree those lower denominations are out, but they should have taken their complete course by Monday. That fact it has started says it all for me. If the lower denominations have run their course by Monday, they will have to show a revalued rate by then, if not sooner.
11-23-2016 Intel/Newshound Guru Backdoc TODAY IRAQ ANNOUNCED THAT THEY WILL PARTICIPATE IN OPECS OIL CUTS TO RAISE PRICES ENSURING THE NOVEMBER 30TH OPEC DEAL A SUCCESS! THIS WILL NOW BECOME THE TRIGGER FOR HIGHER BLACK GOLD PRICES! WITH WHAT IS HAPPENING OVER THIS WEEKEND IN GOVTS. WE SHOULD SEE A LAUNCH IN COUNTRY AVAILABILITY ON CARDS IMO IN INDIA AS WELL AS IRAQ VERY SOON. MAYBE THEY WILL RELEASE LOWER DENOMS TOO BUT THAT COULD BE A QUESTION? THERE IS NOW A 100% CERTAINTY THAT THE FED WILL RAISE RATES IN DECEMBER. THAT ACTION IS GOING TO TRIGGER THE PROCESS LEADING TO WHAT WE ALL WAIT FOR.
11-23-2016 Newshound Guru rcookie ...WE HAVE A REPORT FROM YET ANOTHER BANKING FORUM...THIS ONE FROM BEIRUT...ATTENDED BY ALAK...TARIQ & SEC GEN UNION ARAB BANKS...INT'L FINANCIAL EXPERTS LIKE SHAMMARI & ECONOMISTS LIKE AL NASIRI...ASSEMBLED TO CONNECT & COOPERATE WITH THE REGIONAL & INTERNATIONAL BANKING & FINANCIAL ENVIRONMENT... WORKING TO REVIEW AND ASSESS THE REASONS FOR WEAKNESS OF CONFIDENCE IN IRAQI BANKS...NASIRI ONCE AGAIN IDENTIFIES WITH DETAIL THE CRITICAL FINANCIAL & BANKING LAWS IN NEED OF ADDRESSMENT & AMENDING WE SHOULD BE LOOKING FOR OUT OF PARLIAMENT...TOWARD THE END OF ACHIEVING REALITY BANKING IN IRAQ...THIS IS BIG...AND HAS SOME INSIGHTFUL LEGISLATIVE ACTIONS WE ARE LOOKING FOR.
11-23-2016 Intel Guru Frank26 Article quote: "Economics and politics experts and parliamentarians acknowledged the existence of confusion in the concepts and terminology, calling on monetary policy in Iraq led to achaotic opinion about these concepts." NO CONFUSION!...CBI is doing the MR [Monetary Reform]...They are Educating the Citizens. Anything else is a False denial.
11-23-2016 Newshound Guru mike Article: "Raise three zeroes from the Iraqi currency's progress and evaluation" ...let's hope that Iraq will actually make the move this time. When they liberate the exchange and get the MCP within 2%, we'll know we're close...
11-23-2016 Intel Guru Bruce We heard last night [Monday]...in Iraq an announcement was made. This announcement was the announcement that took Iraq back to an International status in which their currency being revalued and now they are essentially sovereign. We know the announcement was made at 1am EST last night [Monday]. This announcement was not made here. We don’t have it here yet. Hopefully we will get it tonight [Tuesday] or tomorrow [Wednesday]. We may need to hear that announcement to hear it here for it to start for us. Also...their Qui cards can be used to purchase lower denominations as we can use the ATMs to get cash out... we got confirmation of that. Over all we should plan on having a great Thanksgiving. It maybe the best Thanksgiving we ever had. So things are moving in the direction for that to occur.
11-22-2016 Intel Guru ADMINBILL THE PAST 2-3 DAYS HAVE PROVIDED A SIGNIFICANT AMOUNT OF INFORMATION THAT LEADS ME TO BELIEVE THAT WE ARE GETTING CLOSER TO OUR GOAL. THERE ARE INTERESTING ARTICLES AND NEWS STORIES THAT ARE BEGINNING TO MAKE THE NATIONAL AND INTERNATIONAL NEWS OUTLETS THAT RELATE TO THE IMPROVING SITUATION IN IRAQ. RUMORS ABOUND THAT TELL WE ARE VERY NEAR THE END. WHERE THERE IS SMOKE THERE IS FIRE.
11-22-2016 Newshound Guru Kaperoni Article: "Raise three zeroes from the Iraqi currency's progress and evaluation" I like this...It was scheduled to be the project to delete the three zeroes in 2011 and did not perform. And then postponed to 2013...then postponed to 2015...and now the decisions implemented early 2017 plan.
11-22-2016 Intel Guru RayRen98 The new 500 dinar note with the Kurdish language on it is in circulation. Are the 1’s, 5’s, 10’s and 20’s next, and if so, how soon? We patiently wait, “if” it is necessary at all? Time Will Tell.
11-22-2016 Newshound Guru EHankins ...WATCHING THE INFRASTRUCTURE EXPLODING AND THE CLEARING OF MOSUL AND COMMODITIES HAPPENINGS IN IRAQ IS THE EVIDENCE OF BIG, BOOKOO BUCKS $$$$ FLYING AROUND IN IRAQ WAS EVIDENCE OF THE FAT LADIES INABILITY TO HIDE ALL THE MR [MONETARY REFORM] TAKING PLACE. ...I CAN'T WAIT FOR THE TIMING AND STUDY BETWEEN NOVEMBER 25TH THROUGH DECEMBER 7TH. IRAQ IS ABOUT TO BE GIVEN BIRTH AS A NEW CREATION AND FULFILL IT'S INTENDED PURPOSE...THIS IS ABSOLUTELY SPECTACULAR.
11-22-2016 Newshound Guru Breitling they are talking about setting up for the ISX going on Nasdaq coming up here pretty quick. They didn’t give an exact date but these guys are moving things….We know they are going to be on Nasdaq here pretty soon because of the way everything is being set up. If you walk up to somebody’s computer and there’s nothing on that computer, no operating system but you’ve got a Window 10 manual sitting there and you’ve got the software with the Window 10 software CD still in the package not opened yet that gives you a clue on what they are going to load on that computer right? That’s basically what’s happening. They have the Iraq Stock Exchange sitting there and they have this package with the software to load up the Nasdaq. They have the manual for Nasdaq sitting there. And it’s very exciting.
11-22-2016 Newshound Guru mike Article: "Iraq new 500-dinar note (B357) confirmed" Good stuff, so, from all appearance's, they not only need this note now, they're going to need it in the foreseeable future. As the value slowly rises the note will go from a value of .50 to a buck and hopefully all the way to $500 when the value reaches 1-1. During that time, the newer notes like the 1, 5, 10, 20 and 100 will come out. I'm looking forward to Iraq starting the process in 2017 so that in time, they can get to the lower denominated notes.
11-22-2016 Newshound Guru Kaperoni Article: "Iraq new 500-dinar note (B357) confirmed" Not new, just updated with Kurdish language and two dots. Btw, this to me is another good sign that the plan is what we all believe. They are necessary now. Their worth is .50 cents. The fact that they spend money on upgrading them to me implies they expect them to continue to be used for a while. Which is exactly what we want.
11-21-2016 Newshound Guru wmawhite [Iraq new 500-dinar note (B357) confirmed...] Hmmmm...why invest the million of $ into a new note with new security features and the inclusion of the Kurdish language when that note is currently valued at approximately $0.50. Not a lot of need for it in the current marketplace. 500 IQD (note) X $0.00086 = $0.43 (43 cents)
11-21-2016 Intel Guru Delta "New 500-Dinar note-confirmed" ...with Kurdish text on back.
11-21-2016 Newshound Guru Breitling ...The two year process starts when they start adding value to the currency. What leads up to that 2 year process is them reducing the note count. There was speculation they were supposed to revalue in 2011…maybe…but they didn’t have the note count reduced so they weren’t in a position to pull the trigger. They were going to do it in 2013…maybe…but they didn’t reduce the note count so they weren’t in a position to pull the trigger. 2015? That’s a different ball game. 2016? Where we’re at right now…that’s a different ball game. They can pull the trigger. And now they are talking about the beginning of 2017…guess what...they can do it and the math backs it up. So to be very very clear, the 2 year process starts when they start adding value…so we are not in that 2 year process…yet. Whenever they do it they’ll do it. What you should be worried about is if they reduce the note count. And they have. So there’s no worries. The key always was the note count.
11-21-2016 Intel Guru RayRen98 We have been looking for the lower denominations to be released every day this week. The Iraqi banks and CBI say they are fully set up for international interactions. The next thing is for the currency to change its value inside the country and then outside the country. We’re ready, everything is done, and banks are ready for international action. The Budget might not implemented until the New Year, but we can have an RV any time up ‘til then. As far as I’m concerned, we’re here! We are still at ‘any minute’ until I hear otherwise. I’m very happy because I see the light at the end of the tunnel... I do believe it is coming, and coming very, very soon.
11-21-2016 Intel/Newshound Guru Mnt Goat Executive Order 13303 was issued on May 20, 2003 by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Further, it protects Iraqi oil products and interests and ownership by US persons from attachment as well. Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. ...Exec Order 13303...is not going anywhere and is here to stay until it is renewed again in May 2017, if needed. Besides what difference does it make once the currency goes international anyhow? Full sanctions are then lifted.
11-21-2016 Newshound Guru mike Article: "Iraq's oil contracts make joining OPEC output cut more painful" Quote: "Iraq would have to compensate international oil companies for limits placed on their production, according to industry sources and documents seen by Reuters, further reducing the prospect it will join any OPEC deal to curb the group's output." ...Iraq wants OPEC to remain strong and unified, as long as they don't have to abide the oil cuts. I'm betting that once ISIL is removed from Mosul their next excuse will be they need money to rebuild Anbar Province. Bottom line, I don't see these guys cutting production anytime in the foreseeable future.
11-21-2016 Newshound Guru firefly Article: "Draft of the so-called "national reconciliation" announced by Ammar al-Hakim" Quote: "Draft of the so-called "national reconciliation" or "historic compromise", and works on the National Alliance announced soon." National Alliance announced soon...At least somebody is talking about the UN Iraq agreement! A very fluent project at that! The National Reconciliation is absolutely HUGE!
11-20-2016 Newshound Guru EHankins THERE IS A LOT OF EVIDENCE OF NEWER ECONOMICS HAPPENING ALL OVER THE PLACE IN IRAQ. THE ARTICLES TALKING OF MOSUL CITIES BEING FREED UP TAKES A LOT OF $$$ AND IN COMING COMMODITIES OF EVERY KIND BY THE THOUSANDS AND THOUSANDS ...THIS TAKES BOOKOO BUCKS AS WELL. THE "FAT LADY" ISN'T GOING TO BE ABLE TO HIDE ALL OF IT FOR MUCH LONGER...THE EVIDENCE IS ABOUT TO REVEAL ITSELF IN AN EXPLOSIVE MANNER ..IMO.
11-20-2016 Newshound Guru rcookie THE QUANTITY OR STATUS OF THEIR NATIONAL RESOURCE ASSETS IS IMPORTANT... BUT AS FAR AS SUPPORTING AND DRIVING ANY CURRENCY VALUE INCREASE... NOWHERE NEAR AS IMPORTANT AS THESE THINGS THAT ARE NECESSARY TO SUPPORT FDI...AND ACTUALLY ALLOW IRAQ TO DO SOMETHING WITH ITS NEWLY VALUED CURRENCY...THE FDI IS WHAT WILL DRIVE THE DINAR...THE FDI [FOREIGN DIRECT INVESTMENT] VOLUME AND SUCCESS IN IRAQ IS WHAT WILL DRIVE THE CURRENCY AND ECONOMY... [post 2 of 2]
11-20-2016 Newshound Guru rcookie Report: "New Generation of Foreign Investment Laws: MENA-OECD Good Practice and the New Iraqi Investment Regime" ...FROM OECD ORGANIZATION FOR ECONOMIC COOPERATION & DEVELOPMENT... REPORT ABOUT US INVESTOR INTEREST PROTECTION BEING REVISED AND BAKED INTO THE IRAQI FDI... FOREIGN DIRECT INVESTMENT...LANDSCAPE...THAT REPORT JUST SHOWS SOME OF THE VERY IMPORTANT ISSUES...SOME OF THESE LAWS WE HAVE SEEN AMENDED AND OTHERS STILL LOOKING FOR COMPLETION DEAL WITH...AND WHY SO VERY INTEGRAL IN RECRUITING...CAPTURING AND RETAINING FOREIGN DIRECT INVESTMENT IN IRAQ... [post 1 of 2....stay tuned]
11-20-2016 Intel Guru Dr. Clarke It is NOW our understanding, and Very Strong Belief, that there is still a 99% probability of Iraq officially announcing and printing, a substantially increased Dinar rate, that is FULLY INTERNATIONALLY tradable, together with the official announcement of the passing of the 2017 Budget, ON OR BEFORE, DECEMBER 1, 2016. Which means, that the Dinar will be fully PUBLICLY exchangeable OUTSIDE the country of Iraq, beginning in the month of DECEMBER, for ALL Groups, ALL people, and ANYONE holding Iraq Dinar, worldwide. FRIENDS, this IS happening in 2016. Yes, 2016 - THIS year. NOT 2017 (1% probability). What about the Vietnamese Dong? It is our very strong belief, that this currency will substantially raise in value, BEFORE their fiscal year, beginning January 1, 2017. That's all we'll say about the Dong, except that they are, and have been Ready Now. No more, no less. What we've stated, should now be, Crystal Clear.
11-20-2016 Newshound Guru mike Article: "Legal representative: five years for employees vacation will come into force immediately after the vote on the budget" More than likely, items like this are what's causing a delay in the budget getting passed. The IMF has told Iraq to trim the fat and reduce government expenses but that means layoffs or, "vacations" for the regular working man in Iraq. This will...create additional friction between the government and the common man. Tariffs, terrorists and now layoffs.
11-20-2016 Newshound Guru Kaperoni Article: "Parliamentary Finance expects to vote on the 2017 budget later this month" Just to clarify, this has nothing to do with monetary policy. Despite year after year gurus stating a RV is in the budget. That is not how budgets work.
11-20-2016 Intel Guru ADMINBILL INTERESTING INFO COMING IN THIS AFTERNOON [SATURDAY]. IF IT PLAYS OUT YOU WILL BE PLEASANTLY SURPRISED SOONER RATHER THAN LATER. YOU WILL KNOW IT WHEN, AND IF, IT HAPPENS. [...we have heard soon a lot from intel providers… will it go before wed?] I HOPE SO BUT WE WON'T KNOW UNTIL THURSDAY!
11-19-2016 Intel/Newshound Guru Mnt Goat This change will cut down corruption and help bring the “Market” rate closer to the “CBI” rate of the dinar. Right now it is fluctuating beyond the mandated 2% +-. They need to stabilize the rate as much as they can prior to what is coming in early 2017...hint..hint... When they do use the Iraqi dinar to pay outside debtors then this will then mean the currency is then international, but not there yet. So changeover to mandate to using letters of guarantee still mean they are in closed economy under sanctions and not yet fully under Article 8 of IMF charter. [post 2 of 2]
11-19-2016 Intel/Newshound Guru Mnt Goat Article: "CBI Decides to be a Letter of Guarantee" ...the really big news is the change in the currency auctions to letters of credit. ...it was announced they are doing it BY THE CBI. So do the currency auctions just go away? I don’t think they will entirely ever just go away but certainly they are no longer going to use them to the extent they did in the past to obtain USD to pay debtors outside Iraq. Folks, if true, this is HUGE, HUGE news of the week but maybe not the slant that you think. The elimination of the currency auctions replaced with letter of credit does not change the fact that merchants are still mandated under sanctions to use only US dollars to pay outside country debtors. Just a change in the process of how they obtain these dollars, that’s all. [post 1 of 2....stay tuned]
11-19-2016 Newshound Guru firefly Article: "Deletion of 3 Zeros Project will be Executed Very Soon: CBI Governor" Quote: "He also indicated that the Central Bank of Iraq has started working on this project and all the steps will be finalized at the end of this year." ...has started working on this project... What happened to Start? Interesting. [I would say the the Gov of the CBI is a credible source.] I agree. Yes. he is more than committed to completing the reforms! I believe the IMF and Alak has formed a special relationship.
11-19-2016 Newshound Guru rcookie ...ONE OF THE BIGGEST ISSUES TOWARDS WTO ACCESSION IS HANDLING OF TRADE DISPUTES AND ARBITRATION PROCESS BETWEEN TRADE PARTNERS...AND WE JUST LEARNED THIS WEEK...THAT BAGHDAD WILL BE THE HOME & HOST OF THE ARAB REGIONAL ARBITRATION CENTER...WHERE TRADE DISPUTES WILL BE HEARD AND SETTLED AS WELL AS REGIONAL TRAINING CENTER FOR THE HUMAN RESOURCE TRAINING TOWARDS THESE ISSUES... HEADQUARTERED IN BAGHDAD! THINK THE WTO TOES ARENT CURLED WITH THAT...AND WHAT THAT SAYS ABOUT IRAQS REBRANDING AND MOVING AWAY FROM GENERATIONAL IMBEDDED CORRUPTION...AND ALL THE STATEMENTS ABOUT THEIR READINESS FOR ACCESSION... CONNECT THE DOTS AND THE PUZZLE PIECES COME TOGETHER... [They are further along then we know - IMO.] AGREED...AND THEY ARE QUITE FAR ALONG WITH WHAT IS PUBLIC AND ON RECORD.
11-19-2016 Newshound Guru Shredd Article: "Central necessary to mediate letter of guarantee 100% of their capital firms" Quote: "Baghdad revealed a document issued by the Central Bank of Iraq, on Thursday, for a resolution that includes an increase for letters of guarantee banking companies to allow them to enter sell the currency window, and noted that the decision included raising the letter of guarantee for banks to 100%..." Though not unprecedented in other markets, this 100% guarantee is great news and in my opinion, very telling it will be in place by the first of the year, given the recent news regarding the project to remove the zeros. See the forest in the trees, this is good news!
11-19-2016 Intel Guru RayRen98 I believe the Budget has been made a matter of urgency to get that approved and also implemented. Don’t put too much emphasis on the Budget, because being passed and published, that doesn’t mean an automatic RV. We have been looking for the lower denominations to be released every day this week. The Iraqi banks and CBI say they are fully set up for international interactions. The next thing is for the currency to change its value inside the country and then outside the country. We’re ready, everything is done, and banks are ready for international action. The citizens are no longer complaining about economic reforms. These are all signs to say that it’s over. It’s coming to a beginning, rather than an end. I do believe this is happening before the end of this year.
11-18-2016 Intel Guru Frank26 Financial Affairs Advisor to the Prime Minister, Dr. Saleh...on behalf of the CBI...He says that the CBI is operating in two directions...#1...the first direction is the reduction of the USD against the Iraqi dinar...and #2 is to stabilize the exchange rate in their country...I agree...because IMO the program rate of 1180 is no form of stability...Dr. Shabibi said...I plan to return our currency back to the glory days value of what it used to be in the ‘80’s and ‘90’s….now we all know that quote... Saleh said that the general orientation of the CBI is working to restore the IQD exchange rate against the USD to its former glory days”. ...there any glory in a program rate...there is only embarrassment...and to see these words again...given from the Financial Advisor to the Prime Minister to the citizens of Iraq...makes me smile.
11-18-2016 Newshound Guru Kaperoni Article: "Parliamentary Economy: project to delete the zeros from the currency has become impossible due to corruption" ...this kind of banter has been going on for years. It has been referred to as "political football" within Iraq. Fortunately for us this time, the CBI is under an SBA with the IMF that will dictate economic and banking reforms to move the economy forward. We just have to wait and see what that entails.
11-18-2016 Newshound Guru rcookie Frank Baker's Twitter Quote via Josie: "Frank Baker Great Britain's Ambassador to Iraq via Twitter... "Interesting meeting with Govenor of Central Bank of Iraq to speak about enabling market access to UK banks and need to respect IMF conditionality" [Discussing the ability for UK banks to bring money in and money out of Iraq. International banking.] THAT IS PRECISELY WHAT HE IS REFERRING TO... AWESOME FIND! ..."RESPECT IMF CONDITIONALITY"...MAGNITUDE OF VERBIAGE...
11-18-2016 Newshound Guru Adam Montana I've slept about 7 hours over the last 2 nights, and I couldn't be more eager to continue corresponding with some of my best contacts. It's all about what's in the news, my friends! I'm really surprised that we're not seeing more coverage of this, but my inside reports are telling me that the advance on ISIS in Mosul is going amazing.
11-18-2016 Intel Guru Bruce I was requested specifically...not to do Intel. Even though I have Intel, I have chosen not to bring that up. This shows the proximity where we are. I am excited and I think we are all excited.
11-18-2016 Newshound Guru firefly And why is nobody talking about or has forgotten the US signing with Iraq last weekend on the National Reconciliation agreement? It is something to keep a VERY close eye on. To ME...that was the most important news article I have read in a Looong time. That will unite Christians. muslims, all the Iraq tribes all the religions into ONE Iraq...Absolutely huge. [But as we saw in the Amnesty Law, there are a lot of hang ups in getting the Blocs to agree.] Let's keep a close eye on it and its timing. My gut tells me it will be enacted right at the end...or the begining depending on how you look at it lol.
11-17-2016 Newshound Guru BGG "The first part of 2017" starts in just 47days (if they bother to wait that long)... to get started...which they have signaled as some version of their "starting point" for the project...my point was - and is...we have PLENTY to be excited about - no matter what "THE DATE"...it's just weird they are this open - direct - and "forward looking" in their comments. Even giving something of a "heads - up" as to when...
11-17-2016 Newshound Guru Adam Montana [I have been thinking that when it comes to the RV, the current government in Iraq isn't any better than the last one.] I disagree that this government is no better than the last - it is MUCH better! Don't let the current lack of immediate RV discourage you, we are on the right track!
11-17-2016 Newshound Guru rcookie …AUCTION POLICY CHANGES AND IMPLEMENTATION OF NATIONAL DEPOSIT INSURANCE SCHEME...AND SECURITIES ISSUES ARE WHAT WILL BE ADDRESSED IN CBI LAW NO 94...WHEN IT GETS TO PARLIAMENT....WHICH IS WHY IN ADDITION TO INVESTMENT LAW...CHAMBER OF COMMERCE LAW ETC…HAVE BEEN ELEVATED TO FRONT OF THE LINE PRIORITY WISE...AND HERE IT IS...THIS IS A QUOATE FROM THE ALAK ARTICLE YESTERDAY CONCERNING AUCTIONS…..”The member of the Committee of Economy and Parliamentary investment, Nora Albjara confirmed in an interview Saig to (long-Presse), that the rise in price of the dollar crisis will be resolved only after amending the Central Bank of Iraq Law No. 94 of 2004 in harmony with the current stage, usually the law is a big part of the market crisis, especially with the rise of the dollar against the dinar, as well as financial liquidity.”
11-17-206 Newshound Guru Breitling A LOP…they just take the zeros off the currency…What’s the indicator that they are not going to do that? They start reducing the note count. If they are going to “pretend” there are no zeros on the currency then they don’t need to reduce the note count. It’s a massive undertaking to reduce the note count…The CBI said the old currency is going to gain value cause they are going to reduce the note count. Eventually the value is going to be so high they are going to have to replace the currency you and I have with a new note that makes up the balance...and give us the opportunity to exchange...So there is no reason to reduce the note count if they are going to LOP.
11-17-2016 Newshound Guru wmawhite The most exciting part of this is that the most important entity, the CBI, is telling the citizens of Iraq along with any other knuckle heads that will listen that a change is coming and is coming soon. I was excited...and then [Guru] rcookie found... Article: "Iraq Stock Exchange Convention on the electronic trading system online trading investors remotely with Manaf Software Company" ....and one article stated that the issuance of the 50, 100 and 200 IQD notes in early 2017..."will be the effect of the delete the zero project". ...meaning...something has occurred prior to the issuance of the notes. Did I by any chance tell you that I am excited?
11-17-2016 Newshound Guru rcookie THEY DID NOT JUST START REDUCING THE NOTE COUNT...IT HAS BEEN ONGOING FOR YEARS...THIS IS WHY THEY CURRENTLY HAVE A DIRE LIQUIDITY CRISIS...THE REDUCTION OF THE NOTE COUNT IS ONE OF THE PHASES OF THE DELETE THE ZEROES PROGRAM...JUST LIKE THE MINTING OF THE NEW 3 ZERO NOTES WITH SECURITY FEATURES WE ALL HOLD...AS WELL AS THE NEW LD'S...ALL MINTED IN 2013...ALL MINTED TO WELL STRATEGIZED QUANTITIES AND RELEASE DATES...AND THE 3 ZERO NOTES WHILE STILL BEING ACKNOWLEDGED AS LEGAL TENDER FOR 10 YEARS...CAN NOT POSSIBLY COEXIST FUNCTIONALLY IN THE MARKETPLACE AT "POINT OF SALE"...AFTER THE INT'L PRICING EQUATION IS APPLIED...AND PRICES ADJUSTED...CITIZENS PURCHASING POWER ELEVATED AND REALIZED...
11-17-2016 Intel/Newshound Guru Mnt Goat Article: "Urgent Abadi: make minor adjustments to the 2017 budget and submit it to parliament" ...they already had the required two readings and are planning to vote on the budget on 11/26. It sounds like it is ready now?
11-16-2016 Newshound Guru wmawhite [Local banks will...exchange the foreign currency with the countries treasuries and at that point it becomes an institutional note used in foreign trade.] Remember, not all "local banks" exchange foreign currencies...Again, not all banks in your community will exchange foreign currency.
11-16-2016 Newshound Guru Adam Montana [If/when the Dinar RVs can Trump have any influence on how this income is taxed and if so, would you think it would be to our benefit?] This is an extremely interesting question, especially if you remember when this speculation first started it was rumored that Donald Trump had made a large Dinar purchase. I'm not going to feed that rumor, so I'll stay on topic - Iraq is moving at it's own pace, despite who was or wasn't elected. I do believe that our election will have made an influence on their speed, but I don't think Donald Trump himself will have any influence on their timing.
11-16-2016 Intel/Newshound Guru Mnt Goat There is so much news and it all points to many things for the betterment of Iraq. Just look at Iraq now compared to in 2014. What progress they have made. Sure they still need to get rid of ISIS / Daash and implement the “Reconciliation Agreement” and many others but at least now they are moving FORWARD and at a very fast pace. At some point it will culminate with the RV but getting there is half the fun....lol... I know the CBI decision is to remove three zeros from the currency of Iraq beginning in 2017. They themselves have told us now over and over again and just recently again. Today is less than a 1 ½ months from this time period. I have waiting for this period since the CBI first announced in December of 2015, that they would postpone the project to delete the zeros till early 2017.
11-16-2016 Newshound Guru wmawhite Within all of those recent articles the CBI has also told us what one of the next steps is...the reduction of USD into the market place...The CBI is at a very critical point in this project, which is called "The Delete The Zero Project". This project is not ONLY the large notes, but numerous other administrative and procedural steps. There may be a dozen "action" items within this project and after the implementation of those items there will be an intended result...an increase in the purchasing power of the IQD (to the citizen) which will be caused by an increase in value if the IQD OUTSIDE of Iraq. [post 2 of 2]
11-16-2016 Newshound Guru wmawhite Article: "Iraq Stock Exchange formally signed the Convention on the electronic trading system via the Internet trading after investors with Manaf software company on Monday, November 14 2016." Quote: "It is hoped the project officially launched during the first quarter of 2017 after completion of the binding mechanisms with the Iraq Stock Exchange systems and build the required access sites." WOW...more confirmation of major changes coming soon...please do not focus on one particular date... Folks...do...you see the relationship between what the CBI is doing and what the ISX is preparing for? [post 1 of 2....stay tuned]
11-16-2016 Intel Guru Daz I dont think we will see 3+ in iraq...we're looking for something in the 1:1 range in-country. when that happens...we're golden...the goal: in Iraq a dinar is a dinar (1:1)...in the USA, a dinar is $3.71 "dollars" when the multiplying factor is applied...in other countries...the "factoring" number is different respective to each countries economy and trade .86- 1.14 is the range i think....essentially a 1:1 allowing for trade and market fluctuations… thats .86 dinar to dinar...up to 1.14 dinar per dinar in country...anywhere in that range and we are golden...that would mean a full reinstatement and possible revaluation on an international scale.
11-16-2016 Newshound Guru Adam Montana You need look no further than the current News...to see that the trending hot topic is OIL... which means HCL is on the way, and you know how I feel about HCL! Can you say "GO RV!"?
11-16-2016 Intel Guru Bruce I just want to give you a bit of...Intel that I am getting...we are understanding that there is a couple of people in Iraq, Assistant Director to Shabibi were indicating Iraqi dinar found a new value against the dollar and is coming out much higher than previous rates...reinforcing the Iraqi value has changed and is in position to be a much stronger currency and much higher than it was before the Iraqi war...we are in super position for this to come through at any moment. [post 3 of 3]
11-16-2016 Intel Guru Bruce When it comes to Iraq, Iraq over the weekend was having firework displays throughout the country. Those fireworks have gone off the last 2 to 3 days. They are in celebration mode. Also we have heard today that there was a rate change made in Iraq sometime early this morning [Tuesday] about 4:30 am EST. It indicated a higher, much higher rate on the dinar. I don’t know what the rate is, but it is higher than we thought the dinar was. The rate itself is made public as far as I know. Let’s see how that manifests. [post 2 of 3....stay tuned]
11-16-2016 Intel Guru Bruce A lot has happened. It is the 15th, and normally we get the UN Operational rates on the 15th. What happened yesterday in preparation for that, the screens maybe it was the front screens of the banking institutions in the United States, Canada, and Mexico, meaning North America, all went dark. They went dark maybe not all day but for hours for a period of time they went black. Why? It was because the rates were being updated, reinstalled onto the screens...It not only happened in North America, but at some point in the afternoon or last night it happened around the world. All the banks around the world were reinstalling the rates. That never happened before. I think it is an important event that took place. Today [the 15th], the United Nations Operational rates were supposed to be effective on this date. So far we are waiting for that to occur. Maybe there been some rate changes. [post 1 of 3....stay tuned]
11-15-2016 Newshound Guru firefly So, am I excited that the CBI told us the lifting the 3 zeros from the marketplace will begin in early 2017? You better believe I am...
11-15-2016 Newshound Guru BGG ...we can hang on for 47 days...but it may not even go THAT LONG.
11-15-2016 Newshound Guru Kaperoni Article: "Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency" Quote: "Start procedures to delete three zeros from the currency in 2017" The good news is it looks like we will see something happening in just a month or so.
11-15-2016 Newshound Guru firefly ...what the lifting of the 3 zero notes means...All they are doing is removing them from the market place...hence "the lifting of the 3 zeros"...so if the removing them from the marketplace begins in early 2017...Logic would tell us they would need to have a value for the lower denoms to hit the streets right... BEFORE they are removed... The CBI told you they will coincide with the lowered denoms for 10 yrs.
11-15-2016 Intel Guru ADMINBILL Reports continue to be positive with information pointing from any minute through the inauguration. News from Iraq remains positive with reports that the small denominations are in use and being given as change...they are to be issued soon. Whether this occurs this week or next is not relevant. Seeing a completion of the process is all we ask...
11-15-2016 Newshound/Intel Guru BGG Adding value is a part of the "note removal" process...without value - why would anyone want to carry a smaller denomination (No zero notes)? I am skeptical about 1st Q 2017 - them telling everyone doesn't make a lot of sense - unless they do it earlier than that...AND they've already said it will BEGIN in early 2017. That's only 47 days away...
11-15-2016 Newshound Guru Kaperoni It has been some 13 years and Iraq still has not created with much success a private sector/market economy. So the Dinar waits. Iraq remains today about 93% dependent on oil production. 2017 seems to be the year Iraq plans to launch such a market economy. Time will tell. In order to do so, Iraq must create the conditions. Some of which are laws for investors, stability, and a sound banking system. Once it's internationally recognized, convertible and traded, the dinar will rise based on supply & demand. Some may sell at 1 cent...Others may wait until 10 cents, and still others may wait until it is much higher. The Dinar will become eventually just like any other currency, bought and sold throughout the global banking system. [post 2 of 2]
11-15-2016 Newshound Guru Kaperoni Interesting fact, the dinar has already appreciated from its original value released in 2003. According to reports, back in October 2003 the Dinar exchange rate was well over 1600 to $1. In pretty short order it appreciated (4-6 months) down to 1170 to $1. This first phase of appreciation was to counter the effects of inflation in Iraq that was well over 38% as oil production began post war. I believe the plan was designed to again raise the value to counter the effects of the launch of a private sector or market economy. [post 1 of 2....stay tuned]
11-14-2016 Newshound Guru wmawhite Article quote: "...an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets..." ...do...you remember from a couple months ago the ISX stating that they intended to be available to global investing in early 2017. [Yes...i sure do...] Well, well , well...1+1=2.
11-15-2016 Intel Guru Frank26 IMO – this month...November 2016...up until December 2016...I believe they need to change the value of their currency for 2017. From November 7th to December 7th – these are the golden periods that the IMF works with the CBI...and we will see if there is a change before 2017. IMO - does this not show they are in Article 8 compliance? The rate may be...10 to 20 cents...but their goal is to get to 1 to 1...THIS YEAR...2016...that way it can be introduced to the INTERNATIONAL community at 1 to 1 by the 1st of the year. THE RATE HAS TO CHANGE BEFORE JANUARY for any of this to have LIFE. [post 2 of 2]
11-15-2016 Intel Guru Frank26 2017 is the time when they will introduce the LOWER DENOMS...but it NEEDS A NEW RATE. [Guru] Delta told me...this was being introduced with great confidence to the citizens...RED ALERT! Dec 7th, 2016 the IMF board will do a review of lifting the 3 zeros. Saleh says we will delete the 3 zeros...from the exchange rate. “We will DELETE the 3 zeros from the payment of the dinar in Iraq.” THAT IS HUGE! But...they have to RAISE THE VALUE OF THEIR CURRENCY FIRST! They even said that the LOWER DENOMS will exist parallel with them for the next 10 years! Yes...they must change the VALUE BEFORE the new notes...as to not confuse the citizens... [post 1 of 2....stay tuned]
11-15-2016 Newshound Guru Kaperoni For those who don't know, deleting or dropping the zeros in the case of Iraq won't happen overnight. It's going to take time. The zeros will go away one by one as the dinar rises in value. What causes the value to rise is what is known as "supply and demand" Or what some call "market forces". Meaning as investors and investment comes into Iraq, it will drive the value of the dinar up...Which will cause the zeros to go away naturally over time. There is no RV or single event. This is well documented in the IMF...Stand by Agreement.
11-15-2016 Newshound/Intel Guru BGG [...if three zeros are removed, a hypothetical is, eight $25,000 note would become a $25 note is that correct?] First off - it's a 25k DINAR note... worth $25 USD (currently)...and when they get done revaluing - no matter what the USD value is - or should be OUT OF IRAQ...inside Iraq - 1 Dinar will still be worth 1 Dinar...a Dinar is a Dinar... so ask yourself - again, when they are writing these articles about their currency - who are they talking to? Iraqi's - where a Dinar is still going to be worth a Dinar...so what are they removing? ...it's NOT A LOP - that is what taking a 25k (IQD) note to a 25 IQD note would be - and there's NO WAY...So...if it's NOT NOMINAL VALUE... AKA - .0086 >> .86 and it's NOT A LOP... AKA 25,000 = a 25 IQD note...then what is it? a removal of the bigger - 3 zero notes over a period of time...
11-15-2016 Newshound Guru mike Article: "CBI decision to remove three zeros from the currency of Iraq beginning in 2017" ...even if they "start" the process in 2017, there's still a ton of work to be done. We know they need to fix the MCP and liberate the exchange, but they also need legislation to encourage the foreign capital needed to rebuild. Some kind of economy is also going to be required to create demand for Iraqi products as well. Here's hoping they get on the ball and demonstrate a movement towards the open market economy instead of talking about beginning the process, the sooner they do, the sooner they'll get to a dime.
11-14-2016 Intel/Newshound Guru Mnt Goat Article: "...the official source in the Iraqi Central Bank stressed that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the dinar, which will be a key reason for the return of Iraq's economy again in January 2017.." WOW! Now they even gave us a closer timeframe. They actually said January of 2017 not just early in 2017…WOW! So we are getting very close to this target. I am very excited and so should you. [post 2 of 2]
11-14-2016 Intel/Newshound Guru Mnt Goat ...recently we heard all the very good news about the Reconciliation Law effort being drawn up and now presented to all of the secs for acceptance... They are very serious this time. The law also conditions what will happen to Mosul provinces post ISIS and all the non-Iraq fighting forces in Iraq. It is very significant and CAN NOT fail if we expect to get an RV. Then they popped out news about the HCL. They told us it too is all completed but still needed the law presented to parliament and passed to make it all legal and long lasting. It now sits in parliament waiting for the final readings. We also know it is in the 2017 budget which will be voted on Nov 26th...so we are told. [post 1 of 2....stay tuned]
11-14-2016 Newshound Guru wmawhite [...[Guru BGG] bgg mentioned it might come out as excotic currency what does that really mean?] If it has value and there is someone on this planet that will exchange it for me, it doesn't matter.
11-14-2016 Intel Guru SteveI [Dropping the three zeros is merely a description of the coming new lower denomination currency. On the magic day whatever day that is...The lower denominations will be announced and issued ...including a 25 dinar note, a 10 dinar note, the 5 dinar note, and so on...Concurrent with that event the exchange rate will be updated to whatever value they have determined...Be it $.85 to the dinar, or $1.16 to the dinar, or $3.45 to the Dinar...] This is how we believe it to happen...
11-14-2016 Newshound/Intel Guru BGG ...there have been several BARN BURNER ARTICLES lately...Here's a couple of...headlines from the last few days... "Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency"; "The central bank begins its first steps to delete the three zeroes from the currency"; "The CBI decision to remove three zeros from the currency of Iraq beginning in 2017". They are pretty much telling us what's happening...it's VERY EXCITING!
11-14-2016 Intel/Newshound Guru Mnt Goat ...we all should be very excited now...but I am also VERY cautious and know they can also postpone this effort again if certain mandated reforms and reconciliation efforts fail. But we also know they can not grow their economy either without a real currency...There is just 47 days remaining in 2016. Many say this event will happen prior to Jan 1st 2017. I will tell you THERE IS ABSOLUTELY NO EVIDENCE SHOWING US OR TELLING US IT WILL HAPPEN SOONER! Can it happen prior? Anything is possible... [post 2 of 2]
11-14-2016 Intel/Newshound Guru Mnt Goat There is now so much news pouring out of Iraq on the “project to delete the zeros”. ...they will have to explain the project all over again to the citizens since it has been about a year already since they last tried to do it. They are now ramping up to do just that. I expect they will give a deadline (a time limit) as to how long the Iraqi citizen has to exchange the 3 zeros for the new lower denomination notes before they expire. This is of course in Iraq only. We know the 3 zero notes will remain in circulation (but more for the inter-banking transactions) for 10 years. If you look at the BIG picture you will realize that us investors will be like the bankers in Iraq, who will remain holding the large 3 zero notes and use them mainly for inter and intra country commerce. Only the value will change significantly from what it is today, IF YOU WERE TO USE IT INTERNATIONALLY. [post 1 of 2....stay tuned]
11-14-2016 Newshound Guru wmawhite Parliament has already given the CBI the "green light" to move forward with the delete the zeros project. This happen in March 2015. Furthermore, the CBI has been flooding the news with their intent, which is to put notes into the market place that currently has like value of $0.04, $0.09 and $0.18. The CBI is not telling the world that they are doing this only if Parliament does not go on recess. The CBI is driving/steering this ship. Everybody else is reacting to the CBI. [post 2 of 2]
11-14-2016 Newshound Guru wmawhite [I see where parliament is going on recess in Dec and not coming back until Jan 07, 2017...I sure hope all laws are voted on that are needed before a change in the value on our investment or we are looking into 2017...?] Gee, wonder why the CBI has told the world that the 50, 100 and 200 notes are coming out in early 2017...Just wonder if the CBI thinks there are enough laws in place? ...the CBI would not be flooding the media with this information if they (the CBI) did not already have what they needed to do certain things that (has the CBI said)..."there be the affect of the delete the zeros project". [post 1 of 2....stay tuned]
11-14-2016 Intel Guru Dr. Clarke [...since the CBI says they are starting the process to delete the 000's it may very well be a rate change in 2016.] Looking more & more, like the highest probability, is right at the very end of November, 2016...we'd say it's now at 99%...
11-14-2016 Newshound Guru Aggiedad77 Article: "In fiscal policy seminar in Iraq in favor of proposing the establishment of a specialized commercial bank importation" Commercial Bank...would that be a vital and necessary thing at a program rate...where do you think this headed...why of course their Financial Reform kicking into high gear...why not...terrorism is breathing its last breath...the Long Line is chomping to get into Iraq in an even bigger way than has previously been experienced...a Commercial Bank would be just what the doctor ordered...what better way to resolves issues around credit and import policies from where...outside of the country of course...pay attention to Dr. Saleh...when he is speaking...it is truly Abadi's thoughts that come from him...and the Iraqi people listen...listen with intent... the BEST is coming...all IMO.
11-13-2016 Newshound Guru Shredd [...what is the incentive for the Iraqi people to bring the larger notes in if the value does not exceed the dollar?] ...the plan is to reduce the supply of the dollar. This is huge. If they were flooding the market with the dollar, it would satisfy the need for lower denoms. BUT, since they are reducing the dollar supply and replacing with the dinar, think of the practicality of that at the rate today...ridiculous, right? So, this situation, the supply and then the corresponding necessary increase in the value to make the ease of carry, the incentive is there to use the dinar.
11-13-2016 Newshound Guru Islandg1211 I also believe that they do need to pass Investment and Banking laws. They need to stop the MCP. Mosul is projected to be done in 2-3 months (everyone can define "done" in different ways, I'm defining it as being safe and secure with mines cleared and roads driveable.) I doubt the GOI is going to get anything else done besides the Budget before February given their track record. Hopefully, February and March they can actually pass what they need to pass and be ready to RV by the end of March-April window, while the CBI "starts" the deletion of the three zeroes the first quarter of 2017, and Mosul is secured. ALL THOSE THINGS ARE ACHIEVABLE by APRIL 2017, and it fits with the CBI's recent statements that they are beginning the process the first quarter of 2017. [post 2 of 2]
11-13-2016 Newshound Guru Islandg1211 Because they have to "delete the zeroes" they have to announce their steps to get the citizens to bring in their three zeros Dinars. Because they have to issue the lower denoms, they have to announce the program to the citizens. It isn't like they are keeping the old currency and just raising their exchange rate, so they have to make announcements. ISIS has really delayed them for three years (2014-2017.) I've never believed that they would RV 4th quarter of a year, nor do I believe that at this point they will RV prior to gaining control of Mosul. [post 1 of 2....stay tuned]
11-13-2016 Newshound Guru Aggiedad77 Article: "Proposals on the central bank's decision to grant the loan?" Quote: "The Iraqi government and the Central Bank of Iraq's decision to allocate trillion dinars in the budget of 2017 to give a concessional loan for the establishment of small and medium enterprises is a correct and important step..." IMO...we are seeing the CBI acting here with regard to this loan for 2017 as though it is a done deal...so could they know already that the budget will be passed...that at least this portion of the budget will skate through Parliament unscathed...How would they be making plans for this loan to these sectors if they didn't know already what was the outcome of the budget process within Parliament...I'm thinking we will see this budget passed this month...by the end of this month...and when it is passed/approved and published...oh the movement of their Monetary Reform will truly swing into a higher gear known more fondly as full speed ahead...
11-13-2016 Newshound Guru Shredd How will the notes be removed? If not by law, then by incentive and if the latter is the case, how can you incentivize the Iraqi people to bring in their large notes? Add value to the artificially held down dinar! Reduce the availability of the Dollar and release into circulation the medium notes and eventually the small notes. I believe 2017 is going to be an exciting year in this regard. ...watch for indicators of the tide changing with the dinar. Iraq's back is against the wall and you should be excited. Lastly, just as a reminder which I've often said...this is currency folks... Currency which will represent the true value of Iraq's economy...oil, gold reserves, growing infrastructure, gaining diversification of goods and services and investment faith. Not IF, WHEN...and we are getting closer! [post 3 of 3]
11-13-2016 Newshound Guru Shredd I'm happy to be wrong, but the "gradual" increase in the value of the dinar that we've been reading about for the past few years may very well start off as a continued managed float before it moves to a full market-driven float to maintain stability. The 2% rate fluctuation stability requirement makes me wonder if that will be the case...to mitigate market reactions to large "steps" or tranching of the rate. We'll have to wait to see. Anyways, this is great news in what I've felt is a bit of a lag or drought of news we can hang our hats on. [post 2 of 3....stay tuned]
11-13-2016 Newshound Guru Shredd Article: "Central Bank: the deletion of zeros in early 2017" This IS a great article and aligns/confirms the plan we've been watching regarding removing the zeros. So what does this mean? ...this means removing the large three zero notes from circulation. Now, that does not mean retiring them...they are legal tender. ...they just recently released the 50k and 100k notes. So, this is an effort to reduce the large note count in circulation. This will also encourage usage of the electronic banking structure that has been in construction for the past few years...balance protection, rate lock windows, etc. ...you will start seeing evidence of the reduction of US Dollar in Iraq. [post 1 of 3....stay tuned]
11-13-2016 Newshound Guru tlm724 Article: "Central Bank: the deletion of zeros in early 2017" I am loving seeing this back in the news... BL [Guru Bondlady] always said it's VERY good when they are talking about it! I have great hope for the new year. Shabs always said he needed stability and with the ongoing offensive in Mosul there will be stability in all of Iraq in a matter of months. There was a great article today about the CBI and the US Treasury. Article: "Central Bank of Iraq signed an agreement with the US Treasury to stop funding the organization Daesh" It reinforces our belief in this investment and that Iraq does have so much help! Lets...stay the course, better days are coming for sure.
11-13-206 Newshound Guru Breitling Question “We all know we can buy dinar from specific traders but when people say, “when will Iraq become Internationally tradeable.” what that really means is when can we go to our local bank and buy and sell dinar? It’s still treated as an exotic currency.” Look at all the currencies out there that are in the same range as the Iraqi Dinar…some you can buy and some you can’t. So that depends on the bank. There is no international law. When there were banks selling the Iraqi Dinar there was only a couple of them. For them to get the dinar. Order it. and be able to get it to their banks and give it to you…they are not making enough money. It disrupts business...Like Bank of America and these banks...I remember from one of the Bank of America employees that’s way up there…and so we talked about it. Basically he said they stopped selling dinar because it disrupted business. You had little old ladies calling every day asking “did the dinar revalue.” every single day. It just came up on them…this huge huge hype built into it and they simply had to shut it down. All the banks finally did it cause it was that big of a deal. That hype is gone by the way. It simply doesn’t exist. You can’t use that as a benchmark at all. It doesn’t matter if Bank of America sells it or Chase Bank it simple does not matter.
11-13-2016 Newshound/Intel Guru BGG Article quote: "The governor of the Iraqi Central Bank, said the bank began to develop the first steps of the project to delete the three zeroes from the Iraqi currency." "...the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017." This is really the only article that matters..."begins it's first steps..." ...which implies they are on this "1st Q 2017" or before...and make it a competitor to foreign currencies..." Boom. "...the beginning of 2017..." as per their phrasing - is like, 49 days away? I think I can hang in there for that much.
11-13-2016 Newshound Guru mike Article: "Central Bank: the deletion of zeros in early 2017" Maybe 2017 is the year that Iraq starts the process, I'm looking forward to seeing Iraq get rid of the MCP, remove all exchange restrictions and accept Article VIII with the IMF. If they do that in 2017, you'll know the process has begun. If they don't, you'll know this is just another article from a proxy CBI governor designed to placate the masses... just my opinion.
11-12-2016 Intel Guru SteveI Article: "Parliament plans to enact a law to guarantee bank deposits" Quote: "Finance Committee in the House of Representatives unveiled on Wednesday its intention to legislation of a special law to guarantee depositors' money in Iraqi banks, while confirming that it will contribute to "boost confidence in the banking sector." This is extremely important as it will give the citizens confidence in the banking system and to actually use it instead of putting their dinars under their pillows. I love this article.
11-12-2016 Intel/Newshound Guru Mnt Goat So what happened to the Iraqi 2017 budget this week? Article quote: "The House of Representatives on Wednesday 11/9 ended the second reading of the budget in 2017, while its lift to the 26th of the current month...“moving the budget to the 26th of this month." I will add that there are aspects in the budget that will move Iraq in a monumental leap forward and still there are political constituents who do not want this to happen and so they resist, as shown in Wednesday’s parliamentary discussion. But I feel they will eventually prevail and the budget will get passed before the end of the month. It is already late. The BIG question is - did they include the “Project to Delete the Zeros” in the budget? We know for a fact they told us they have to include it if they are going to execute that year. We know they did include HCL, money for very large defense expenditures and other needed reforms we are looking for.
11-12-2016 Intel/Newshound Guru Backdoc ...IRAN IS WORKING ITS WAY TOWARD A ONE PAYMENT SYSTEM BY MARCH 20th LIKE THEY SAID. THEY ARE PULLING IN THE PAPER AND PREPARING THE WAY FOR THE DIGITAL NEW REALITY. BY DECEMBER THEY WILL BE RELEASING THEIR NEW DIGITAL PLASTIC POSSIBLY? HOW DOES THIS TIMING COMPARE TO IRAQS RIGHT NOW? ITS SHIA BROTHER (Iraq) WILL BE ON THE SAME PATH AS WE SEE THEY ARE BRINGING FORTH CHANGES AS WELL AS WE SEE THEIR ZEROS DROPPED. I EXPECT TO SEE CONTRACTS BEING USED TO REPAIR AND RESTORE BOTH OF THESE CURRENCIES INTO THE NEW DIGITAL REALITY WHICH BOTH ARE HEADED.
11-12-2016 Intel Guru SteveI Article: "Delete the three zeroes from the currency of Iraq early in 2017" Quote: "...the aim of the deletion of three zeros is to support the Iraqi dinar, and make it a competitor to foreign currencies, pointing out that this strategic project will serve the country's economy, as the dinar will be included in the global basket of currencies in the vital exchanges. He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017." Now I am getting very encouraged and starting to get excited. It is finally coming our way. [...do you feel or are you hearing we will need to wait until 2017 or could it just be any day after they liberate Mosul?] I think early 2017 seem to be what many are talking about.
11-12-2016 Newshound Guru Islandg1211 Article: "Delete the three zeroes from the currency of Iraq early in 2017" Quote: "Deletion of zeros from the Iraqi currency, will be implemented in early 2017, according to the Keywords [Allek], the central bank governor, noting that the bank began to develop the first steps of the project." Here's another article stating that he is starting the RV process in 2017, which coordinates with removing ISIS from Mosul within the next couple of months. In addition to this article, which was the 6TH ARTICLE IN A WEEK, and the Iraqi news TV is also announcing it. We have been through this a few times before where the CBI peppers the news media with their plan to RV. Their plan was always stopped by Maliki/Iran and then ISIS. Hopefully, now, with Abadi in and Maliki out, US troops back in and ISIS gone, and the Iran Deal and sanctions lifted, the CBI can finally complete their monetary reform in 2017.
11-12-2016 Newshound Guru Breitling Article “Central Bank, the deletion of the zeros in early 2017”. We’ll let the date from the CBI speak for itself…point 1 “ The Iraqi dinar with global currency basket and handle it efficiently the worlds stock exchanges and financial markets.” So they basically want to add value to it so it can be used in currency baskets all over the planet…but it has to have value. So that’s what they want to add in early 2017. 2. they want to equalize currencies. That’s what they want to do. There are two things on the list they want to do. They are going to get rid of the auction floor. Because that’s actually the mechanism to bring in foreign currency to actually make it fit to where it actually reduces the value of the Iraqi dinar. And they are going to reduce the notes coming ... So basically they are getting rid of two of the main things. That’s it. like I said they already reduced the note count to a point where they can actually add value to it. That’s what’s coming out and that’s why it should be so exciting. I gave you guys a date. Not an exact date but a date they are looking at and what’s going on.
11-12-2016 Newshound Guru MadDScout [I just...just saw a comment that a budget will be read a third time? I thought anything that has to do with moving forward with reforms only has to be two time before passing.] The 3rd read is the final read/vote. [Is the passing of the budget a must, to establish a change in the revalue?] After the budget comes out it can be adjusted...Whether before or after. [reference Guru MadDScout post 11-11-2016]
11-12-2016 Intel Guru ADMINBILL THERE HAVE BEEN SEVERAL INCOMING MESSAGES FROM GOOD SOURCES THAT INDICATE THAT MUCH HAS HAPPENED AND MUCH MORE IS HAPPENING THAT MAY BRING THIS TO CONCLUSION VERY SOON. "VERY SOON" MEANS WE ARE IN A SPOT. ALSO SOURCE CONFIRMED WITH PERSONAL CONTACT IN IRAQ THAT THE LOWER DENOMINATIONS (5-10-25) HAVE BEEN DISTRIBUTED. PROGRESS IS BEING MADE.
11-11-2016 Intel Guru Frank26 Article quote: "Allak Disclosed the CBI will Announce the Names of the Banks According to the International Classification Using Global Assessment Companies Working On the Evaluation of These Banks” Keyword (CBI governor) is telling all of their banks we are currently classified all of you according to the international classifications very soon...why in the world would you now set these banks up now that you have most of Mosul secured..why would you be setting them up to be doing international work...and to prepare themselves for an influx of lots of currencies...because they are doing a MR of their currency. They have no liquidity...and the LD’s will solve that problem once they raise the value of their currency….and their currency that they will introduce at the beginning of next year will be legal and tender for 10 years and more than likely forever….but none of this can happen unless they raise the value of their currency in this year of 2016…IMO.
11-11-2016 Intel/Newshound Guru Mnt Goat ...emphasis for us is still on the progress of retaking Mosul. The question now is - what will happen to region once Mosul is taken back? Will there be yet another void to be filled? We also know we are moving much closer to currency reform and we see it daily in all the news. Be patient if just for a little while longer...its coming...
11-11-2016 Newshound Guru MadDScout [Why is the GOI waiting until the 26th to dicuss the Budget law?] They appear to have taken a recess till then and in the meantime they are working on the details. When it comes back it will be the 3rd read.
11-11-2016 Intel/Newshound Guru Backdoc Article: "Is it time for a national settlement in Iraq?" Quote: "...a national settlement that would result in a historical Iraqi reconciliation...rallying support for the process of national reconciliation and pushing this initiative forward locally, regionally and internationally." AFTER CLEARING OUT CORRUPTION TRUE RECONCILIATION WILL NOW BE POSSIBLE AND THESE AGREEMENTS WILL BE ENFORCED BY THE UN! YIPPIE! ...IMO.
11-11-2016 Intel Guru Hub i only go on economic principle...the facts i go on is for iraq to return to the height of their hayday, 50's, 60's 70's etc, they have to be in the middle of global trade and tourism, and to do so...they must have a tradable currency, or no one will do business with them... rate? i dont have the foggiest, but it must be one all countries want to trade for, it must show the value of the resources of the country and must be the acceptable currency for that particular inenity. so as soon as they put a reasonable value, the world will beat their door down and all will be well.
11-11-2016 Newshound Guru 1bobby Article: "More than half a million visitors to the Baghdad International Fair" Quote: "...this number of visitors is an important milestone in the ministry's ability to attract citizens to visit the Baghdad International Fair and see the offers from companies and countries." Lots of business was done at this 10 day fair. Pretty much opened Iraq to outside investment possibilities.
11-11-2016 Intel Guru Delta Late Thursday Night...JUST IN FROM IRAQI TV: CBI BEGINS THE PROCESS of deleting zeros...CODE RED...
11-11-2016 Intel Guru RayRen98 The CBI recently announced that a list of all banks that are classified international will soon be released. It is believed that this is a part of the banking reforms. It has been reported that the CBI announced loans of a trillion dinar to local banks for growth of the economic sector. Iraqi TV is reporting that citizens confidence levels are rising as some are bringing in their dinar for exchanging. New banking reforms are announced and Alac is pushing the deletion of zeros for 1st quarter of 2017. They are stating that Parliament is on break until November 26 (however, the last time they were on a "break" the important work continued). We shall see...whatever will be....in due time...
11-11-2016 Newshound Guru Breitling When I read this [article] it was a remarkable piece. It basically confirms what I’ve been telling everybody…that they have been pumping in U.S. Dollars to keep the value of the dinar low and that they are going to stop and that is what the articles coming out are about. There’s a radical change today. You know why? It’s because they are reducing the dollar. They’ve already reduced the note count. How much more do they need to go? I don’t know. But it doesn’t matter for us…for you and me they can start adding value. Remember to get to a billion notes is for $3.25 so we have all that wiggle room below $3.25 to $1.17 and on down below that.
11-11-2016 Intel Guru Frank26 ...they are in the last final stages of collecting the 000’s...they need to hit a certain percentage point of their currency of their M1, M2, M3 figures...in order for them to raise the value of their currency in 2016...they need to be accounted for. The project to lift the 000’s is old news...it has been going on for a long time...for years...but IMO this is...the end of this project...increase the value of your currency once you know these numbers and then introduce the LD’s at the beginning of 2017. I’m excited that their Monetary Reform is in an RI right now in 2016...and in order for them to accomplish what articles...are telling us in 2017 can only be done if they raise the value of their currency... [post 2 of 2]
11-11-2016 Intel Guru Frank26 IMO they are down to the wire in collecting the 000’s...IMO the CBI is looking for a specific amount to get into their inventory numbers...they know how many dinars they printed...they know how many dinars were stolen...they know how many dinars were counterfeited...they know how many dinars were blown up...but they don’t know how many dinars were hidden by the citizens...they need to know exactly what is out there with the citizens... and the CBI is doing a seminar with the heads of Iraq to teach them the difference between counterfeit currency and real currency...the citizens know what is going on...and I believe the citizens are going to bring in their dinars...they need to know about their M1, M2, M3, M0 figures...before they can add value to their currency...that would help them to determine what value they want...this is all part of the MR... [post 1 of 2....stay tuned]
11-10-2016 Newshound Guru rcookie Article: "Central Bank attempts to reopen the subfolder Arbil with new look" Quote: "...the Central Bank Governor on the relationship during his visit to Kurdistan region about two weeks ago and met with leaders of political and financial territory and agree to open a subsidiary Bank but a new suit". SO...AS WE SEE THE CBI ERBIL CBI ANNEX WAS CLOSED FOR 3 YEARS...AND IS NOW REOPENING ...
11-10-2016 Intel Guru Frank26 IMO...they are going about the MR and the reinstatement of their currency to add value to their currency in 2016 in order to be ready for 2017...the budget...and introducing the LD’s...and the coins... because this is what the IMF has told them...this is their agreement...and this is what they have been doing...the board of directors of the IMF have IMO given them permission to receive this second loan because they have read everything that was presented to them...IMO...the CBI has to raise the value in 2016 in order for 2017 to have any reality...you cannot implement the project of lifting the value of your currency by lifting the 000’s of the IQD without increasing the value first...
11-10-2016 Intel Guru Dr. Clarke "THIS JUST IN - UPDATE"...We have a Very Very Very strong Belief, that Iraq will substantially raise the value of their Dinar, and make it Officially International and Exchangeable, sometime between NOW - November 10, 2016 and December 1, 2016. We give this a 98% probability of happening as we just described, within the time period we just gave...we're VERY excited right now, and...this just concerning IRAQ and their Dinar currency. The VN Dong, is still ready to move at Any Moment, but...it's dependent on the official ending announcement of ISIS in Iraq & Syria...which at this time, is anybody's guess. It could possibly ALL happen within the time frame above...but in regards to the Iraq Dinar, we're pointing to it, like never before, within the dates listed above.
11-10-2016 Intel Guru SteveI [...if the project begins in 2017, does the RV happen at the time it begins or after?] My understanding is that they will change the value of the IQD prior to introducing the new lower bills. Think about it, if you kept the rate the same why in the world would someone turn in one 25,000 note and now have to carry 1000 notes and end up with the same value.
11-10-2016 Intel/Newshound Guru Backdoc BUDGET PASSED, BONDS BEING SOLD, SALARIES BEING PAID DIGITALLY, COUNTRY TO COUNTRY DEALS STARTING TO ACTIVATE THE PRIVATE SECTOR IS LIKE A BUTTERFLY IN METAMORPHIS. THINK OF THIS FINAL STAGE AS THE BUTTERFLY DRYING ITS WINGS PREPARING FOR FLIGHT! SOON ITS WINGS WILL BE DRY AND IT WILL TAKE FLIGHT WITH A FEW OTHERS.
11-10-2016 Intel Guru ADMINBILL TODAY IS THE 10TH AND IT IS THE DAY THAT WAS SUGGESTED THAT WOULD SEE THE FINAL END TO OUR MAGICAL MYSTERY TOUR. I HAVE HEARD NOTHING SOLID TODAY AND DO NOT EXPECT ANYTHING DRAMATIC. I DO EXPECT TO HEAR CLARIFICATION OF WHERE WE STAND LATER TODAY AS TO WHETHER OR NOT WE SHOULD EXPECT TO HEAR OF MOVEMENT SOON OR TO EXPECT FURTHER DELAYS.
11-10-2016 Intel/Newshound Guru Hub Article: "CENTRAL BANK: THE DELETION OF ZEROS IN EARLY 2017" Quote: "The governor of the Iraqi Central Bank on the Keywords that project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project." ...a thought, they are about to change the value of a 25,000 note from $22 to maybe $75,000, why would they say we are going to do this is 2017 so every tom, dick and harry can go buy some more...i think it is a ploy and i would not be surprised to see it much quicker... [...since the CBI indicating the dropping of the 3 zeros in early 2017, does that mean that based on this article we wouldn't see a change until then or would they have to begin the rate change part of the process sooner...?] in my own humble opinion, i think they would have to implement the change before dropping the zeros which is really bring out lower denoms and getting the big notes off the street.
11-10-2016 Intel/Newshound Guru Backdoc I AM LOOKING AT A WINDOW IN WHICH WE MIGHT SEE THAT NEW ASSET-BACKED DIGITAL PLATFORM SHOW UP; MARCH 21ST UNTIL MAY 4TH. THE NEW FISCAL YEAR FOR THE IMF IS MAY 5TH AND I BELIEVE THEY WANT THIS DONE PRIOR TO THAT! TIME WILL PROVE THIS RIGHT OR WRONG, BUT THE ARTICLES SEEM TO LEAD US TO THESE CONCLUSIONS PRESENTLY. I HOPE IT SHOWS UP SOONER BECAUSE I WOULD LOVE TO BE WRONG ON THIS ONE! I HAVE NEVER BEEN MORE ENCOURAGED IN THIS PROCESS! THE ACTIONS TELL THE STORY AND I LIKE WHAT I SEE! [post 2 of 2]
11-10-2016 Intel/Newshound Guru Backdoc THE TWO SHIA BROTHERS (Iraq and Iran) ARE USING A TWO PAYMENT SYSTEM UNTIL MARCH 20TH! ...IMO. [...does this mean that you think Iraq will wait on Iran? I don't think they can use a two payment system when they go international.] CORRECT, THEY WILL GO TOGETHER OR WITHIN HOURS! REMEMBER THE DEAL? THERE WOULD BE DAMAGE DONE TO THE CURRENCIES BY DOUBLE DIPPING AND THE IMF WILL NOT LET THAT HAPPEN! THE VND WILL WAIT AS WELL AS OTHERS! THEY SAID THEIR TWO PAYMENT SYSTEM WOULD BECOME ONE AFTER MARCH 20TH! WE HAVE SEEN THIS PLAY OUT TO THE TEE SO FAR. THEY ARE DOING DEAL AFTER DEAL, COUNTRY TO COUNTRY, SINCE THE IMF HAS HELPED THEM RECONNECT TO GLOBAL BANKING! [post 1 of 2....stay tuned]
11-9-2016 Newshound Guru rcookie Article quote: "Chief financial officer at the US Embassy in Iraq, John Sullivan has praised the efforts of Iraq in the reform of the central bank, which confirmed that the bank «completed within a year more than what has been accomplished in the past 13 years." ...WHICH IS WHY THE CBI IS GETTING RAVE REVIEWS FROM IMF AND UST...AND THE TRANSPARENT CRITIQUE FROM POLITICAL AND MEDIA SOURCES SO TRANSPARENT AND SUSPECT... ...CBI REFORMING BANKING SECTOR...AND THE UST AND IMF LAUDING THEIR RESULTS WITH CLAIMS THAT THEY HAVE DONE MORE IN THE LAST YEAR...THAN THE PAST 13 YEARS COMBINED...THIS IS CRITICALLY IMPORTANT STUFF...
11-9-2016 Newshound Guru mike I'm disappointed in Iraq, especially now that Abadi's in charge. Maliki was a great excuse for all the violence, sectarianism, corruption and bad policies, but when Abadi came in he promised to get rid of all that and move the country forward economically. That hasn't happened. Instead, it's more of the same...This country could do so much better if the leadership would allow it to happen. ...in the face of complete ignorance and chaos I still have hope the dinar will increase in value. What I don't believe is that someone is going to wave a magic wand or push "the button" and make this happen. So, when I hear someone say that the dinar will increase in value without satisfying the requirements of the IMF and WB, I say nuts. I don't believe it will happen until they do what they're supposed to.
11-9-2016 Newshound Guru rcookie Article: "The central bank re - opening of branches in Arbil, Sulaymaniyah and linked officially" SO IN ADDITION TO OPENING NEW CBI BRANCH IN NAJAF FOR MIDDLE EUPHRATES REGION... HERE THEY ARE ANNOUNCING THE RE-OPENING OF ERBIL AND SULAYMANIYAH BRANCHES AND OFFICIAL RE-LINKING WITH ALL BRANCHES... [It almost like they are getting ready for something.] YES THEY ARE...AGREED...AND THE UST RIGHT THERE TO MAKE SURE THE I'S ARE DOTTED...T'S CROSSED...
11-9-2016 Newshound Guru FrostyTheSnowman IMO...there is WAAAAAYYY too much progress going on right now...the EVIDENCE / CONFIDENCE / SECURITY / DEMANDS / ACTION ... the PROGRESS has been HUGE!!!
11-9-2016 Newshound Guru Breitling There are some significant articles coming out of Iraq about the revaluation of their currency and I’m still digging in to find out who is saying this and what event they are saying it at. And make sure they are just not quotes. Here’s the thing…it’s coming down the road. You should be very happy, you really should. You should have confidence in this. You should have confidence in what the CBI states… Who’s managing this? the CBI. Who gave them their orders? Ministry of Planning and the Ministry of Finance, parliament. that’s it. That’s what you and I do…we follow that. Making sure that what they said there is actually accountability behind it…like the note count…hello! It’s that simple. You should be very very excited. I know people have been waiting for this to happen for a long time and it kind of dulled your senses. You went on the roller coaster ride. But this is more reality than all the bad information you got. Or the hype you were given. Or all the incorrect stuff you were told. You should be more excited about the reality of this.
11-9-2016 Intel Guru Bruce What we waiting for? Everything is basically complete. What we are looking for is when the lower denominations are completely out for the whole country. That is the next step. The lower denominations, 100 and less are about to be seminated in Iraq 2 hours after the morning prayers in Iraq tomorrow [Wednesday]. They will be put out throughout the whole country. There is a bond offering that started Saturday at noon...Last night these bonds were available to be actually to be purchased. It is important for these sales to take place for equity of these lower denominations coming out a couple hours after Morning Prayer. Also these bond transactions are elevating the rate of the Iraqi dinar. The rates are higher than we thought. That is where we are in terms of the process. The Intel as such is looking at reasonable conclusion without us calling it very shortly based on that information.
11-8-2016 Newshound Guru rcookie Article: "Masum planning calls for a general census of population" ANYONE KNOW WHY...A GENERAL CENSUS IS SO IMPORTANT...ANYONE KNOW HOW TO SPELL HCL...TO HEAR MASUM ACTUALLY CALLING FOR GENERAL CENSUS...WOW!
11-8-2016 Newshound Guru mike Article VIII is the key, they won't be able to reduce the money supply and create demand unless the currency is internationally recognized, if they just jump off the peg now I'm concerned that the dinar will drop significantly in value. It will marry up the market and official rates, but at extreme cost to the citizens by increasing inflation and reducing purchasing power. So, if they start the process in 2017, when will they accept Article VIII? We know the MCP has to hold for at least 90 days at 2% or less so that puts us roughly in April or May, at the very earliest. Then they accept Article VIII and begin to rebuild the economy and the currency and the dinar slowly begins to appreciate while the money supply decreases, I'm wondering how long that would take? By all estimates, the Iraqi's are talking about a two year process once it's begun, so for me, this puts it out a good bit. I guess the good news is that they'll actually begin the process in 2017...
11-8-2016 Newshound Guru rcookie SOMEONE ASKED ABOUT WTO ACCESSION PROGRESS AND STATUS... THEY ARE PREPARING A SPECIALIZED LEGAL TEAM TO DEFEND IRAQS FINANCIAL, ECONOMIC AND INVESTMENT RIGHTS INTERESTS IN LAWSUITS WHOSE COSTS CAN WEIGH HEAVILY AGAINST BUDGET AND WILL MINIMIZE SPENDING ON INT'L LAW FIRMS THAT IRAQI IS CURRENTLY SPENDING... ESTABLISHMENT OF ARAB UNION OF INTERNATIONAL ARBITRATION HEADQUARTERS IN BAGHDAD...A SPECIALIZED LEGAL TEAM TO REPRESENT IRAQS INTERESTS ON INTERNATIONAL TRADE AND BUSINESS... THINK ABOUT THIS RELATIVE TO ONE OF THE BIGGEST ISSUES INVOLVED WITH WTO ACCESSION...CONFLICT AND DISPUTE RESOLUTION BETWEEN TRADE NATIONS...AND IS OFFICIALLY REGISTERED WITH THE UNITED NATIONS...ANYONE NOT SEE THE POWER AND SIGNIFICANCE OF THIS MOVE TO THE INTERNATIONAL INVESTMENT COMMUNITY... AND WTO AND IMF....
11-8-2016 Newshound Guru Enorrste Article: "Central Bank: the deletion of zeros in early 2017" The following quote adds some fuel to our story: "this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity in the market." We see from this...that this precludes any LOP discussion. But more importantly there are the words "dynamics and mechanics" which clearly make this an ongoing process rather than an event. The key is the last phrase referencing maintaining the liquidity in the market. What makes this a particularly challenging process is that they are going to be reducing the money supply, which would normally reduce liquidity, but will be doing so only as the VALUE of the dinar rises, which will offset the reduction in liquidity. I can understand why they have been hesitant to begin the process. It hasn't ever been done before, that I am aware of. Usually a currency loses value due to inflation. In this case, however, the expectation is that it will gain in value. What they cannot afford is to have 50 trillion dinars out there if the value skyrockets upward. So I understand there caution.
11-8-2016 Intel Guru Frank26 Are we at the end of the road of the MR? I tried to tell you...that there is a Transitional Rate with the IQD. Prior to that we had talked about the RI (Reinstatement) – which there are many steps inside of it, not just one. All steps have to come to a conclusion...a closure. One of those steps is the take the IQD and to start using it Internationally...(Article 8)...with or without them telling you about it. ...articles start to appear...1, 2, 3...then 4...and now 5. All coming from the CBI...all talking about lifting the 3 zeros. IMO – there are agencies with the authority to do private things with the government of Iraq – with their currency...at a rate that we cannot see. Every bank in Iraq has the word INTERNATIONAL plastered on their lapel.
11-8-2016 Newshound Guru Breitling Question: [The CBI says they’re raising the dinar against the dollar but I really don’t understand the wording...are they allowing it to float?] Up until a $1.17 it’s going to be a dirty float. These guys are manipulating everything…again what are they using? There using the US dollar to pin against the dinar. They’re using the volume of dinar that are out there. And they’re using the auction floor…throwing the word float out there I don’t think it’s proper. But once they start staging it there will be more and more and more of a float. There will be more of a market driven value. That’s why they’re staging it like that. The CBI is hell bent…they are telling everybody. There are articles that came out [that I want to get more info on them…where they came from…what events were they talking at] but they are remarkable articles about the value of the dinar changing. But it’s no secret. Even without that information those type of articles coming out if you can’t see it coming you’re just not looking hard enough…
11-8-2016 Newshound/Intel Guru BGG [So what is your take on this latest "Upgrading of the Iraqi Currency" rash of articles?] ...even though this is likely a "second circle" commenter...it sure is nice to hear someone in that sphere talking (affirmation) along these lines... AND this isn't "confirming" anything HAS happened... but still adds another log on the "fire" - so to speak...and this speaks to the very heart of the matter for many people... "IS THIS REAL"? ...after all this FBI intervention... had this NOT BEEN REAL - there is NO DOUBT they would have been able to attack the veracity of this - as an investment around that time. Having had (more than one) FTF interactions with the FBI - NOT ONCE did they do this... NOT ONCE did they attack the veracity of the currency as a "holding" or investment. AND...I (even for myself) go back to the FOUNDATIONAL DOCUMENTS as my "proofs" for my thesis... The SIGR Report...The LOI's...All of the IMF Documents. The EVIDENCE MOUNTS DAILY. "Affirmation"...
11-8-2016 Intel/Newshound Guru Mnt Goat Does this mean they can’t implement their current agreement? No! Of course they can continue on the path of reconciliation and get the HCL implemented, however I fully expect that once the budget is passed we will then see the Hydrogen Carbon Law (HCL) also come before parliament and also passed very soon afterwards. It is important to the RV because I have been told many times the USA needs the oil revenue shared with the citizens and the benefits realized by the citizens or they will not sign off on the RV. ...it makes total sense to me and goes back to the GW Bush administration policy and mandates. This is what my contact has told me...Let’s wait and see. [post 2 of 2]
11-8-2016 Intel/Newshound Guru Mnt Goat Emphasis now for us is still the progress of retaking Mosul and then moving towards currency reform. We see also in today’s news that the HCL is being implemented and in the budget for 2017. Article Quote: "...the federal government and Kurdish implementation of the terms of agreement between them in the budgets of previous years, the oil agreement, as revealed included the Agreement itself in the budget of 2017..." WOW! The budget is expected to be approved last weekend. Still awaiting news of its passing. These are all very important issues that must be resolved. Does this mean HCL is done? Personally I still know that the PTB want legislation passed in parliament on the agreement and we still have not seen this done. [post 1 of 2....stay tuned]
11-7-2016 Intel Guru ADMINBILL NEWS FROM AOP (Authors of the Plan) YESTERDAY WAS SIMPLY THAT WE REMAIN ON TRACK WITH THE STANDARD BUMPS IN THE ROAD THAT MOVE IT OUT OR CONTINUE THE CONFUSION. SEVERAL REPORTS SATURDAY AND YESTERDAY THAT WE WOULD SEE THIS THEN OR TODAY...
11-7-2016 Intel Guru RayRen98 Things "popping" in Iraq. Lower denom's expected to be on the streets and in the hands of citizens sometime this week...Budget: Saturday was the 2nd reading and the third reading is to take place today. CBI: to get some adjustments today from the IMF regarding banking laws. All banks are synced and ready to go to International standards. Rates: DINAR...still thinking it will come out at around $3.71. Everything sounds good.
11-7-2016 Intel/Newshound Guru Backdoc Article quote: "Prime Minister Haider al - Abadi, make a gift to the first commander of the force raise the Iraqi flag over the city of Mosul , a declaration of liberation from Daesh terrorist gangs." GOOD CALL FRANKIE [GURU FRANK26]! JUST LIKE YOU SAID MY FRIEND! ACTIONS MEAN THINGS DON'T THEY? COMPLETION ON THE 7TH!
11-7-2016 Newshound Guru Enorrste The CBI will begin destroying the large notes, thus reducing the money supply, and this will put upward pressure on the value of the currency, irrespective of Article VIII. If they also accept the Article VIII conditions, which I believe is the stated goal of the IMF, then the process could move along much faster. Trade would improve in Iraq, thus allowing more money to come into the country, relieving the liquidity crisis somewhat, and this would allow the CBI to begin reducing the money supply. They are clearly on record that they want the money supply to be brought down to 40 billion dinars. They just have to have a mechanism to make this happen without too much of a jolt internally. And, of course, they have to START. I believe the article is saying that they have made a determination that the start will happen in early 2017. [post 2 of 2]
11-7-2016 Newshound Guru Enorrste Article: "Learn the benefits of removing zeros from the Iraqi currency " [Guru] Mike, I tend to agree with you that entry into Article VIII is a necessary prerequisite. I doubt any serious investors in dinars would play in the dinar market without some form of level playing field that is offered through Article VIII. The market spread situation can be corrected by floating the currency. An announcement that the currency would be allowed to float would automatically make the official rate and the street rate identical. Furthermore, the plan is clearly stated to reduce the money supply from 50 trillion dinars to 40 billion dinars. They just haven't started the process yet. It is my take that the article ...is saying that this process will begin in early 2017. [reference Guru mike post 11-7-2016] [post 1 of 2....stay tuned]
11-7-2016 Newshound/Intel Guru BGG Article: "Central bank governor for "tomorrow Press": aspire to get foreign Sndhatna international guarantees" Quote: "...The governor of the Iraqi Central Bank on the Keywords, on Sunday, that the bank is trying to get international guarantees for foreign bonds..." One would have to assume this is a foregone conclusion...all of this IMF support is about "international acceptance".
11-7-2016 Newshound Guru Breitling ...They didn’t want to revalue while in Article 7 because they wanted all the restrictions lifted and that was it…there are a lot of people I know who are in American politics still around and they are still sitting on their seat. It was supposed to revalue. At what rate at what price we don’t know but they blew it off for whatever reasons. In hindsight if you look at what troubles came into the Middle East and how things were staged…they made the right decision. now it sucks for you and me because we want the money right? But for them they made the correct decision. If they pulled that trigger and all of a sudden because of the drama that is going on in that arena it went backwards…they probably would not have been able to recover from it. So they correctly avoided it.
11-7-2016 Newshound Guru mike Article: "Learn the benefits of removing zeros from the Iraqi currency" Bottom line, Iraq needs Article VIII compliance before the value will rise, the market spread is proving there's no demand for the dinar right now, in it's current state. ...it's going to take a while before you can begin to delete the zero's to begin with. So, if they start in 2017, when will the dinar be worth a dime? Secure the borders, pass the banking legislation, create an open market economy, remove exchange restrictions and reduce the MCP, then we'll see an increase in the dinar. If anything, the past has proven to us over and over there are no short cuts, the IMF isn't going to give a pass to the sixth most corrupt nation on the planet.
11-7-2016 Newshound/Intel Guru BGG ...the auctions have been a conduit of funds being used for nefarious purposes. [THEY ARE SHEDDING LIGHT ON THE 2ND SIDE OF THE WAR ON TERRORISM WHICH IS THE FINANCIAL AND ECONOMIC SIDE WHICH SUPPORTS THE TERRORISTIC ACTIVITIES...] They have been likely waging this side of the conflict for longer, with greater veracity than anyone is aware of...Mosul is getting all the headlines - but the financial side has been "fast and furious" for sometime now...Huge steps forward allowing the UST offices IN THE CBI.
11-6-2016 Newshound Guru Enorrste Finally, the statement is made that the dinar will takes its place in a "basket of currencies" that contribute to the "vital world exchanges." At present the only currencies that hold this sort of recognition are the dollar, Canadian and Australian dollar, pound, euro, and a few others. By making this bold statement, therefore, the author is re-iterating what we found from Saleh years ago namely that the dinar is going to become a world reserve currency. The only way in which the dinar can take this position is if it is internationally recognized, if Iraq is a part of Article VIII of the IMF Charter, if the value of the dinar is commensurate with that of the world's reserve currencys (worth about a dollar American, more or less), and is supported by reserves that PROVE that it is a strong currency. The current reserves of $40 billion are sufficient to make the currency the strongest in the world at $1 per dinar. Unlike the US, they won't need "the full faith and credit of Iraq" to support their currency. However, in addition to the highest relative reserves, Iraq also has the second highest known reserves of underground wealth in the world. Therefore it is well positioned to take its place as a world reserve currency as long as they stick to the plan. The bottom line for me is that this article, even if it is repeating a plan elaborated over a year ago, is more specific and continues the timeline from that earlier article. 2017 would appear to be the year when this will all truly begin to move forward. Keep your fingers crossed! [post 3 of 3]
11-6-2016 Newshound Guru Enorrste KAP [Guru Kaperoni] has rightly stated...that a minimum of $.10 for the value of the dinar would make it possible to begin removing the three zero notes. This means that we must look for a minimum of a 100 times increase in the value of the dinar sometime during the coming year. Second, the purpose is specifically stated to "support" the dinar and to make it a "competitor in world markets." At this point the dinar is not internationally recognized or tradable. Both of these factors must be eliminated for point number 2 to come to fruition. The only way in which they can "support" the dinar (in terms of value) and make it "competitive" in the world markets is to allow it to float and to rise to the point where the "support" and "competitive" value become real factors. I therefore expect to see the float start shortly after the new year. Third, this move will "serve the Iraqi economy." Clearly a move to a float and an internationally recognized currency will cause imports prices to fall quickly and allow for imports into Iraq more easily. This would, then, be consistent with point number 3 that the plan will "serve the Iraqi economy." [post 2 of 3....stay tuned]
11-6-2016 Newshound Guru Enorrste Article: "Learn the benefits of removing zeros from the Iraqi currency" I think it is time to start getting excited, again. The first thing that I noticed in this article is the follow quite specific statement: "The purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", returned him as "this strategic project will serve the country's economy if it will be inclusion of the Iraqi dinar in the global basket of currencies in the vital world exchanges." There are four things to note here: (1) the large notes wil begin tol be deleted "beginning in 2017"; (2) the purpose is to make the dinar stronger (note the word "support" and the phrase "competitor of foreign currency"; and (3) this will "serve the Iraqi economy"; and (4) the dinar will take its place in the basket of currencies in the "vital world exchanges." Let's look at these one at a time. [First] The large notes will be deleted. This cannot be a LOP because a LOP would not change the value of the dinar, and the other three points above make it clear that the dinar will rise in value. Therefore, there is only one way that the large notes can be removed from the market place without destroying the fragile liquidity that exists in Iraq already: the value must rise enough to make it feasible to remove the large notes. [post 1 of 3....stay tuned]
11-6-2016 Intel Guru ADMINBILL ANOTHER WEEKEND IS ABOUT TO PASS US BY WITH NO RV. BUT...I CONTINUE TO BE TOLD IT IS ON THE WAY... [Isn't "now" also the timeframe that the authors of the plan had spoken of?] THAT WAS MY UNDERSTANDING BUT CIRCUMSTANCES CAN CHANGE FROM WHAT I AM TOLD. HANG IN THERE EVERYONE.
11-6-2016 Newshound Guru rcookie THE FIGHT AND PROGRESS AGAINST CORRUPTION HAS BEEN ONGOING SINCE ABADI TOOK OFFICE....BUT THESE ARE INTENSE STEPS AND COOPERATION BY CBI AND WASHINGTON TO CONFRONT AND ADDRESS THE AUCTION BREACHES...WHILE SIMULTANEOUSLY SETTING UP THE NEW ANTI CORRUPTION AML ANTI TERRORISM DEPARTMENT WITHIN THE CBI TO BE COMPLIANT WITH IMF MANDATES...AWESOME PROGRESS... [post 2 of 2]
11-6-2016 Newshound Guru rcookie Article: "Iraq and its allies and drying financing Daesh" Quote: "The Central Bank of Iraq and through close cooperation with the US side put a black list to prevent funds from reaching the territory controlled by Daesh, and has more than 150 companies today." SO...HERE WE HAVE DETAILS ON THE US TREASURY INVOLVEMENT WITH CBI...TO MONITOR USD SHIPMENTS FOR THE 1ST TIME...TO PREVENT DELIVERY OF USD TO ILLICIT DESTINATIONS...AND DESCRIBES AS TURNING POINT OF FIXING THE FAILURE OF THE AUCTIONS...AND THROUGH CLOSE COOPERATION DEVELOPED THE "BLACKLIST" OF BANKS TOTALING 150 THAT ARE NOW EXEMPT FROM AUCTION ACTIVITY... [post 1 of 2....stay tuned]
11-6-2016 Intel Guru Dr. Clarke Still Right on Schedule...Looks good for an NON-International rate increase BY around Dec. 1st, with an Official International status & Rate BY Jan. 1, 2017, when they officially begin their new fiscal year. The Dong status is the same...could increase at any moment, but it's likely to substantially increase BY Jan. 1st, as well...AND when VN begins fiscal year.
11-6-2016 Newshound Guru rcookie "Parliamentary Finance reveal: 2017 budget will include former oil agreement between Baghdad and Erbil" THE 2017 BUDGET LAW WILL INCLUDE OIL AGREEMENT BETWEEN BAGHDAD AND ERBIL...AND IMPLEMENTATION OF AGREEMENT SIMILAR AS IN PREVIOUS YEARS. EXACT SAME PARAMETERS AS 2016 BUDGET...ONLY NOW KURDS CAN EXECUTE FULLY WITH CEYHAN FULLY OPERATIONAL.
11-6-2016 Intel/Newshound Guru Mnt Goat It has been very difficult to control this corruption. Many ways have been tried. This in part has been the hold up of the launching of the new currency (the lower dinars) and going forward with the currency reform measures, as I am told by my CBI contact. As we know the CBI has already created a scarcity situation with the dinar in the process of the “project to delete the zeros”. They have told us they are ready and fully prepared to launch the lower denoms but had to postpone this effort due until the security situation in Iraq is fixed. [post 2 of 2]
11-6-2016 Intel/Newshound Guru Mnt Goat ...by the implementation of the customs and tariffs law Iraq is now able to track goods and services coming into Iraq. This is one reason why it was so imperative to get this law completed. So in following the proper customs and tariffs procedures it is a way of now matching the imports coming into Iraq to the demand for the dollar in these currency auctions at the banks. So far the demand far exceeds the imports. So where is all the extra dollars going if not to pay foreign debt? We see it is going to fund Daesh/ISIS terrorists and Iranian militia. [post 1 of 2....stay tuned]
11-5-2016 Newshound Guru Kaperoni As we get closer to the end of the year, we should see more informative dinar news if in fact the CBI is preparing to make changes to policy.
11-5-2016 Intel/Newshound Guru Mnt Goat We know they are working very closely with the IMF, World Bank and the WTO to put in place all financial and economic reforms. Why put all these reforms in place if not for a purpose. Certainly we know it is time for Iraq to move out of their “closed economy” and join the “global economy”.
11-5-2016 Newshound Guru Breitling Question: To take the dinar to international status do they have to be article VIII and no more than 2% spread for at least 90 days? They are at international status. Is there a bulletin board somewhere that says we don’t recognize the Iraqi dinar currency? What country gets to say the Iraqi dinar is a currency? You have the most powerful country that’s every existed on the planet that’s go the most powerful currency that has every existed on the planet and we’re the ones who actually produced their currency that they have right now. If you want credibility to know these guys are legit we’re the ones who set it up... Everyone in the dinar community was able to purchase the Iraqi dinar in their country so obviously there is no restriction …
11-5-2016 Newshound Guru Kaperoni Article: "Exclude" the application of a unified Gulf currency in the near term" Quote: "Confirmed economists, that put up a unified currency Lt six members of the Gulf Cooperation Council is unlikely in the long foreseeable future." More good news...for years the Middle East has talked about unifying to a single currency, which if it happened would not be good for us as we want to see Iraq with it's own strong Dinar. The statement "unlikely in the long foreseeable future" is good news for sure.
11-5-2016 Newshound Guru mike Article: "Central Bank: the deletion of zeros in early 2017" Quote: "... the Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project." ...this is a good one. I know we've heard it before but at some point these guys are going to have to make the necessary changes.
11-5-2016 Newshound Guru Kaperoni Article: "Learn the benefits of removing zeros from the Iraqi currency" Quote: "...the Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project." Thats a good one...! High hopes and fingers crossed! We have a bit to wait yet. They need to end the war and clean out Mosul and I am sure they need to pass a few more laws. But this article for sure provides more clarity and confirmation on the plan.
11-5-2016 Intel Guru Delta [...the CBI auctions...for the last month or so have been showing numbers with discrepancy ...some of the numbers are not fully being reported...but hidden somehow?] They are not show the numbers (rate) on the spreadsheet for a while now. Something really is going on. We know they have to do it. They have no choice! They have a plan to do it...3 articles talk about it...It’s possible they are hiding it...waiting for the right timing. We are very, very close. The windows...Nov 7th or Dec 7th...if they want the money from the IMF...they have to do it! Watch and see what is going to happen.
11-4-2016 Intel/Newshound Guru tman23 This is the silent move suspected to be part of the process of lifting 3 zeros... Now in the past salary caps/budget and cuts...numbers worked out to speculating that a rate of 67 cents was in the formula...of course since then a great number of circumstances have entered the picture... The speculation today works out to 76 cents which would be on par with the Canadian Dollar and Australian Dollar... It is this 1305 number that is on the board....in the banks and at the CBI... Been waiting for this EXACT NUMBER to POST... IT was posted last night which in the opinion of "conspiracy theorists"...THE PROCESS IS ON TRACK... And it will without doubt have the 3 zeros lifted at the start of 2017... [post 2 of 2]
11-4-2016 Intel/Newshound Guru tman23 ...I posted back in April...The CBI governor said in several banking meetings inside and outside Iraq that the CBI plan was to maintain the rate of 1,305 through the end of 2016...The statement from the governor had bankers "shocked, disappointed, and not understanding the reasoning and none was provided"...BUT what is speculated is that this 1305 number has a significant role in the "numbers game" and lifting the 3 zeros... The speculation told to those who private message me is the start would have to begin at least 60 days before lifting 3 zeros... Just need to look/watch for unsuspected casual movements... Last night for the very first time in all banks across Iraq the rate posted 1,305... ...the rate fluctuates...it has been 1280, 1285, 1290, 1295, 1300, 1310... But NOT 1305 AND IT HAS posted the 60 days prior to the New Year that was the speculated timeline thought to see 1305... [post 1 of 2....stay tuned]
11-4-2016 Newshound Guru Breitling I don’t believe for one second that you and I will wake up and the very next day it will be a $1.17. They’ll stage it but it will go up and that’s the point. They’ve been telling everybody for years. What are the 3 main things we have to look for to make sure this thing is staged correctly? We watch the note count. We watch the competition within the country with what the dinar is competing against…the U.S. dollar mainly. And the auction floor. And it’s all coming full circle. They’ll be able to add value to their currency. They’ll stage it correctly they’ll be able to participate on the planet. So whatever they are not making in oil they can invest in other business on the planet. That’s how they’ll benefit from it. [Post 2 of 2 ]
11-4-2016 Intel Guru Delta The CBI tried for so many years to control the market rate...but couldn’t. It’s impossible because the USD is so dominate in Iraq. They have to make the IQD very effective and give it the power of purchase. Even when Shabibi was in charge, he couldn’t control it. We all know what the IMF has the right to do. This was the plan from a long time ago.
11-4-2016 Newshound Guru MadDscout [Is Iraq currently in Article 8?] They are working within art 8 but are not fully compliant. [Is the spread part of the problem?] They seem to have a handle on the spread. It is a matter of putting new banking laws into effect across the board which was talked about in a speech at the International Fair held in Iraq.
11-4-2016 Newshound Guru Breitling Iraq has oil...that’s it. So if they’re not making money on the oil they have to get it from somewhere else…right now they are in a restructuring stage. I get asked all the time, "when do you think it’s going to revalue?" It all depends on how far they can go and afford restructuring. Meaning how long can they go keeping their currency low and restructure for cheap? Well guys that’s coming to an end. they can’t do it any longer because of the market and the price per barrel. That’s why you’re seeing all these articles coming out and more and more from the CBI saying “we’re going to do it…we’re going to pull the trigger.” and that’s why people should be very very excited because it’s coming down the road and its not hype. It has to do with they’ve been kind of cornered. Having said that… [Post 1 of 2 stay tuned for the rest of the story]
11-4-20165 Newshound Guru MadDscout ...we are still in a very good place. They are still moving forward on many fronts. We are also seeing ground work being laid for the taxation structure and more evenly applied tarrifs. Much investment starting up in many places. We are watching Anbar being refurbished and all that is going on in Basra, and it's outlying cities. And a speedy push into Mosul. [Seems as though Mosul has to be liberalized from Islamic Terrorism...Then everything else starts to take place?] I can't say as I disagree...I don't say have to...But it will go a long way towards it. We know the CBI wants Political/Social stability.
11-4-2016 Intel Guru Delta We noticed yesterday, the auction details...looks like they are ready to change the rate. This is more and more confirmation that they are very, very close. The rate must change first before they introduce the lower denoms. In June/July, they got the 1st installment from the IMF...but the 2nd installment was supposed to happen before November. ...so what happened? I believe they are waiting for Mosul. The IMF is waiting for them to implement the reforms. They will meet on the 7th of November...but if Iraq isn’t done...they will wait until December 7th. A lot of investors...outside of Iraq is waiting to get in.
11-4-2016 Intel Guru Frank26 Banks in Mosul...are not connected to anything...9 months ago the coalition forces blew up the bank in Mosul...But not all of the banks. So what happened to them. They were secured and TURNED-OFF. If these banks are needed for the Monetary Reform...they can just REBOOT them...because it’s now an E-COMMERCE environment.
11-3-2016 Intel/Newshound Guru Backdoc REMEMBER THE IMF SAID THEIR LOAN REVIEW FOR IRAQ WOULD CONCLUDE ON NOV. 7TH OR DECEMBER 7TH...THIS MONTH OR NEXT...DIGITAL PAYMENTS SHOULD BE UP AND RUNNING! WITH THE COUNTRY CODE (IBAN) IN PLACE, IRAQ LOOKS TO BE READY TO MOVE MONEY CROSS BOARDERS.
11-3-2016 Newshound Guru rcookie Article: "Baghdad gallery .. motionless economic expansion of cooperation with the world" Quote: "Baghdad , the new international exhibition of 450 international companies representing 12 countries came ambitious and wide in the hope of achieving its goals closer cooperation with Iraq" ...A GREAT PRECURSOR TO BAGHDAD 43RD INTERNATIONAL FAIR...FEATURING MORE THAN 450 COMPANIES FROM 12 COUNTRIES... SHOWCASING IRAQI INVESTMENT OPPORTUNITIES FROM ALL SECTORS....
11-3-2016 Intel Guru ADMINBILL LAST WEEK WE WERE GIVEN INFORMATION THAT LEADS US TO BELIEVE THAT WE SHOULD SEE ACTIVITY VERY SOON. THERE ARE OTHERS THAT DO NOT BELIEVE WE ARE QUITE THERE YET STATING THAT THE INITIAL STEPS ARE NOT COMPLETED THAT WILL ALLOW ANY PRIVATE "CURRENCY" TO GET SPENDABLE FUNDS THROUGH THE WEEKEND AND INTO NEXT WEEK. THIS IS NOT A HOLD UP IT IS SIMPLY TAKEN LONGER THAN THOUGHT ACCORDING TO OUR SOURCE. [Are the authors of the plan leaning past the 10th or next week?] I HAVE NOT BEEN TOLD.
11-3-2016 Intel Guru Delta If you go to the CBI website and read their strategy/plan...they need to do the exchange rate. The plan includes 2016! Very significant...very huge! We believe they do have the DATE and the RATE! We believe that we are very close. For those who have Warka bank accounts...they really are in business. Most importantly, the IBAN (which is the identity of that bank)...and my account...I logged in as usual...and noticed something different. You now can see the account number and the IBAN code. That IBAN number...shows they are going international. I was so happy to see that! If they weren’t ready...they could have waited until next year. This is more confirmation....This is solid proof they are going international. All that is missing is the rate.
11-3-2016 Newshound Guru mike Article: "Central Bank of Egypt frees pound exchange rate" Quote: "determine the exchange rate of the local currency will be in accordance with the mechanisms of supply and demand." This sounds like the float type system that most countries use, supply and demand. The good new for Egypt is there are no exchange restrictions and they're in Article VIII. The last Article IV consultation with the IMF had Iraq remaining pegged to the dollar, if they unpeg and go to the supply/demand deal without Article VIII and the restrictions removed I'm betting the dinar will crater to somewhere around 1500-$1, if not lower. There just isn't any demand for the IQD right now, the peg is the only thing propping it up...IMO.
11-3-2016 Newshound Guru wmawhite ...it is always good to ask..."what is it that we know." Most of what we know comes from the Central Bank of Iraq. The most recent was two and a half weeks ago... "The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project...he added that "the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017..." ...other article/opinion pieces, IMO, support or add to what the CBI has indicated what they want to do.
11-3-2016 Intel Guru ADMINBILL THE INFORMATION IS NEITHER POSITIVE OR NEGATIVE. WE ARE SIMPLY WAITING TO SEE WHAT HAPPENS THIS WEEK. BANKERS AND INVESTMENT BROKERS ARE EXPECTING GREAT NEWS THIS WEEK AS I AM. I REMAIN CAUTIOUSLY OPTIMISTIC THAT THE INFORMATION WE HAVE RECEIVED IS ACCURATE. MY DATE WAS THE 1OTH.
11-3-2016 Intel Guru Frank26 The media and parliament is all talking about the Monetary Reform...Economists are telling the GOI to add value to the IQD to solve all of their problems. IMO – Abadi will NOT hesitate...the MOMENT Mosul is SAFE and SECURE/STABLE! He is surrounded by America’s BEST! ...everyone in Iraq is pressuring the CBI to raise the value of the IQD. Abadi is looking for that “perfect moment.” That man could flip the switch whenever he wants. All of this to be reported on the 7th of November...and plan B if it’s the 7th of December. [post 3 of 3]
11-3-2016 Intel Guru Frank26 Dr. Shabibi said he wanted to bring back the value of the 70’s – 80’s. Shabibi said that it depended on supply and demand. Supply and demand is about to happen by the citizens in Iraq. The IMF is ready...in my opinion...and Iraq is getting ready. IMO...a date and a rate is being explained to the IMF right now...on the 7th [November]...or the 7th [December]. Two days ago the finance committee met with Allak (and others) to see if things were improving. Auctions, rate, etc. We believe that is what those meetings were about. They only have to meet on November the 7th and not necessarily December the 7th. December is optional. If they are ready – it won’t be necessary. The meetings must be successful...and is inches away. [post 2 of 3....stay tuned]
11-3-2016 Intel Guru Frank26 Remember what we said about Fallujah? Give us Fallujah and we’ll give you the Economic Reforms? ...And the economic reforms poured out about a week BEFORE they gave you Fallujah. So here we are with Mosul and we’re within a ½ a click from Mosul...maybe closer. We’re almost at the CENTER of Mosul – in my opinion. When it comes to the news...it doesn’t get any better than that. Mosul is very close and...it will bring STABILITY AND SECURITY for IRAQ so they can move forward. We’re looking for a FLAG in Mosul and a FLAG of the Monetary Reform. [post 1 of 3....stay tuned]
11-3-2016 Newshound Guru wmawhite ...keep in mind, that the large notes will be needed in the market place until the prices of goods decrease...but the prices will not decrease until the value of the currency buying the goods increases in value significantly. So, when you are told the delete the zeros project will result in the need for the 50, 100 and 200 IQD notes, then you can assume that there is a change in the value coming soon. The smaller notes will coincide with the larger notes for up to ten years. The most important part of their statements is that the 50, 100 and 200 is expect either by 2017 or the beginning of 2017...and in order for the 50, 100 and 200 notes to work...and change in the value must occur. [post 2 of 2]
11-3-2016 Newshound Guru wmawhite Article: "Iraqi monetary system enhanced the currency of a new dinars" This is what the Central Bank said two and a half weeks ago..."He noted that" the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years, "pointing out that" this period will enable the central bank to withdraw the old currency in accordance with the mechanics will maintain market liquidity." ...ancient coins...(coins/notes)... i.e. the notes you have today. The notes the citizens currently have will be accepted for 10 years. [WHICH IS THE SAME NOTES THAT WE HAVE.] In order for those smaller notes to be put into circulation/market place, the value must change. If the value changes then something will change with the peg as well as the auctions. In other words...these are all tied together...that is why it is referred to as a "project". [post 1 of 2....stay tuned]
11-3-2016 Newshound Guru Adam Montana [...It will soon be time to buy dog tags and that RV would sure help out. And I could sure use some new ham radio equipment...] That sounds like a Christmas wishlist, so hopefully it happens in time. If not, I don't think we're too far away so... GO RVVVVV!!!
11-2-2016 Newshound Guru Kaperoni Article: "Decline in central bank reserves to 40 billion dollars" The CBI is now trying to follow the IMF directive and they are losing reserves as a result of the more liberal foreign currency auctions. The problem is they never stopped the corruption first so all they are doing is fueling the fire at this point. Iraq needs to shut down the money laundering and theft through the private banks before they can solve the auction problem. Otherwise...the reserves will be gone soon. The alternatives are not patches or plugs but sound repairs and changes. IMO, the CBI cannot continue down the same path pegged to the dollar much longer unless they can fix this soon. The alternative is a disorderly exit to a float which may not be what we want to see at this time due to the lack of laws and investors.
11-2-2016 Newshound/Intel Guru BGG [...I've read that Iraq is on the white list and some say they aren't. What is correct?] That is likely a "process" they are in the middle of...value is likely nearer the end - but they MUST have international support...without international support who is there to "accept" their currency?
11-2-2016 Newshound Guru mike Article: "Decline in central bank reserves to 40 billion dollars" No real surprise here, we've known for a couple of years that the reserves will continue to erode unless they make changes. Another six months to a year and the options will disappear like the reserves...
11-2-2016 Newshound Guru Adam Montana MOSUL! Iraq is KICKING BUTT in the "beat ISIS" department... IT'S AWESOME! You're also going to see a good amount of good news about Oil, Parliament, Budget, and more! This is an exciting time! To summarize where we are, I think it's as simple as this: Iraq is making short work of ISIS in Mosul. Once they have a clear victory there, which should be very soon, they have no reason to delay on the HCL, which will be another major milestone for them, and it's a big 'ol downhill snowball effect from there. Did I mention it's an exciting time to be part of this?!
11-2-2016 Newshound Guru rcookie Article: "Auction of foreign currency" new look ... corruption in Iraq." Quote: "The "foreign currency auction", which was created after the US occupation of Iraq in April / May 2003, specifically in the year 2004 by the Central Bank of Iraq, represents a new form of the associated process of money laundering in Iraq, economic corruption..." HERE IS AN ARTICLE THAT OUTLINES THE LINK BETWEEN ECONOMIC AND POLITICAL CORRUPTION AND IN DETAIL...OUTLINES THE BREACHES AND FAILURES OF THE AUCTIONS...INTERESTING EPILOGUE...IRAQ CAN NOT BE RESCUED BY REFORMS ALONE...BECAUSE THE BASIS OF REFORM MUST BEGIN WITH THE TRIAL OF WHALES...AND RECOVER STOLEN IRAQI STATE FUNDS...
11-2-2016 Intel/Newshound Guru Mnt Goat ...the IMF promised a huge long term loan worth billions to be paid in installments over the next 5 years...This issue remaining is CURRENCY REFORM implementation. Iraq was also given one (1) year from Jan 1st 2016 to Jan 1st 2017 to stabilize the security and political situation of Iraq. ...So we can see the pressure is extreme to complete the last of the promised needed reforms and in particular the currency reform and to begin the process once again to launch the new lower denominations. It is the government of Baghdad target not to turn on the new currency until ISIS is gone. They told us by end of 2016 ISIS would be gone. [post 1 of 2....stay tuned]
11-2-2016 Newshound/Intel Guru BGG [Have they prioritized the key investment laws that will set the stage for an international currency and allow capital to flow into the country...?] They have had the Investment and Banking Laws "on deck" for a while now...there is NO DOUBT the IMF has given them "the word"...investors have to have "an exit" - otherwise they WON'T ENTER...the wall of investment income they are expecting - will NEVER HAPPEN... without the investment law...when it is time - BOOM.
11-1-2016 Intel Guru Bruce ...we know Iraq is pretty much done and complete. We are finding that Mosul was taken over bit by bit and the Iraqi flag put up every time they took back portion of the city. We heard there were fireworks yesterday afternoon throughout the country. Iraq did reinstate and revalue their rate. Why are the UN Operational rates not showing? They are not going to bring them up for us until they are ready for us to see them. We look for that to happen anytime, maybe tomorrow. Same thing as with the Forex. The Forex rates are noted in Europe and Asia for a few days now, but we are not able to see them. Again, we will see them when the time for us to see them is correct. We are looking forward also to see the new bank screen rates of currencies in the first basket. The Paris Agreement was suppose to go in effect the fourth of November. It went into effect today! That is big news. The world is gold backed now. This is very good piece of news...It is saying we are really there. We are just waiting until we are notified. The notification to begin our exchanges is the last step in our process.
11-1-2016 Newshound/Intel Guru BGG Article quote: "...predicted the financial advisor to the prime minister appearance of Mohammed Saleh approve the budget year 2017 before the end of this year..." This will answer a lot of issues... I fully expect them to codify the "functional HCL" in the 2017 budget as they have in the past...in essence - whatever the impacts of a true HCL would have been - they go ahead and allocate and draw out such agreements "loosely" in the budget...executing the impacts of the HCL without having to go through the stress of the actual process.
11-1-2016 Intel/Newshound Guru Mnt Goat Emphasis now for us is the progress of retaking Mosul and then moving towards currency reform. In today’s news they are giving us a nice progress report of only after 2 weeks of fighting. So we can see they should be declaring victory sometime very soon over all Mosul area? I firmly believe victory will come before this week is over. We watch and hope.
11-1-2016 Newshound Guru Kaperoni Article: "US-led coalition: Mosul will be soon liberated" Quote: "The battle to liberate Mosul, ISIS last stronghold in Iraq, has been witnessing remarkable progress as they enter their 16th day."
11-1-2016 Intel Guru Frank26 The CBI cannot control the street market rate! Only an increase in the exchange rate can control the street market rate. Give it some power...and they did. 1,300...a slight PIP movement...which is a start. The citizens will be very proud of their currency soon. Will they start at 10 cents? 20 cents? I don’t know the rate or the date...The street rate needs the IQD to go up in value. A gradual increase in their currency is coming...the dropping of the 3 zeros. On plan...on schedule...which is exactly what they told their banks...only the IQD at the beginning of 2017. Take note, the IQD exchange rate may increase, but may take time for it to reach the international world, and I believe that is what we are going thru right now. These are the finishing touches to the monetary reform ...IMO...The free-float rate...will continue to increase...which I believe will be 1 to 1... [post 2 of 2]
11-1-2016 Intel Guru Frank26 Remember when Kuwait said they were not going to revalue their currency...and then they did? Remember when China came out with a full-page ad and told the world they were not going to change their currency – and three days later — they did? I believe this to be very well plotted out...which is what we’ve been studying. The IQD is going to go up in value. [post 1 of 2....stay tuned]
11-1-2016 Newshound/Intel Guru BGG [How does the deleting of the zeros affect out investment if we have all large bills?] ...the "Deleting of the Zeros" program - IS THE PROCESS of raising the value and removing the large notes from the marketplace. ...it is the "effect" you are looking for (BTW - this is that one instance "effect and affect" are ALMOST interchangeable. [Will we be able to cash in the large bills at the increased value?] The "affect" on your investment (if you have these large bills) is you will experience this surge in value... in fact, any size bills will do...it is highly likely you will be able to exchange these bills at an increased value. Obviously - why we are all here. However, none of what I portray is any long stretch - they have written directly on these subject(s).
10-31-2016 Intel Guru RayRen98 Iraq is celebrating like crazy with the complete overtaking of Mosul. That was on the television screens, with articles of military in downtown Mosul, etc. Exciting! ...my sources are saying everything is done and set, just waiting for an announcement. I don’t know exactly what that announcement is, and in time we will learn what impact Mosul will have on this release. It’s still earmarked to come out by the first. If Mosul was an issue, it won’t be now based on what we are hearing and seeing. From what I understand, everything is in alignment and ready to go – we’re just waiting for the push. There is no other information we are waiting for.
10-31-2016 Newshound Guru rcookie Article: "Economist: 2017 budget to meet its obligations with the private sector" ...THEY ARE DISCUSSING THE NECESSARY BUDGET REVENUE & EXPENDITURE REFORMS BEING APPLIED TO SUPPORT PRIVATE SECTOR ADVANCEMENT IN IRAQI ECONOMY...AND ROLE INT'L LOANS PLAY IN BRIDGING DEFICIT SHORTFALLS...THEY ARE TALKING ABOUT THE SUCCESS OF THE 2017 BUDGET IN ADDRESSING BOTH SIDES OF THE BUDGET... OPERATIONAL...AND DEVELOPMENTAL.
10-31-2016 Intel Guru ADMINBILL BASED UPON WHAT WE DISCUSSED LAST WEEK...WE SHOULD BE SEEING MOVEMENT THAT FORESHADOWS THE CONCLUSION OF THIS EVENT AS THE WEEK UNFOLDS. LOOK FOR OUT OF IRAQ AND MOVEMENT IN THE USA.
10-31-2016 Intel Guru Frank26 [via Militia] "[Guru] Delta...studies the CBI website for us...reads every article … interprets them. He pays attention to the spreadsheet...shows key numbers...projected rates...but some fields are blank. Projected rates show 14 to 15 cents...but the 2016 is blank. Now, some are no longer variables...they are now derivatives. So many things...and all before November. We believe...Abadi and Saleh are sending confirmations/ documentations to the IMF within the 10 days that we talked about --- which are coming to a close … all BEFORE November. IMO --- all an indication of their financial reform." Overall they are talking about the Monetary Reform everywhere...and Delta found 3 sources now ...and that’s why we tell you it is legit. The rate of the IQD must go up...and the Lower Denoms must be introduced. [Guru] Delta said that the article when he translated said that this “DID HAPPEN” (past tense) the value of the IQD – the word “yurfaw” (sp) translated means that it did happen. Street value? We’re not sure."
10-31-2016 Intel Guru RayRen98 Last night on Iraqi TV, it was announcing Iraqi forces now have complete control of Mosul. Is this the final step?
10-31-2016 Newshound Guru mike So far Iraq's plan is to borrow their way out but now that the stipulations are required, the plan got complicated. They've wasted two years under Abadi to pass the open market legislation because they thought the world would bail them out. Quit glad handing and get to work boys.
10-31-2016 Newshound Guru rcookie Article: "Muhammadawi: We seek to link Iraq to the economic capital of the world..." Quote: "We are trying to link Iraq's economic capital of the world through a stable and attractive... investment environment, creating ...We put forward the vision of Basra to attract investment on a large scale, and to create a...stable and attractive investment and linking Iraq's economic capital of the world through the stimulus on economic and trade cooperation on international and regional".environment..." HUGE...HUGE STATEMENT... INDICATING THAT THERE ARE EFFORTS TO TIE IRAQ TO THE ECONOMIC CAPITAL OF THE WORLD!
10-31-2016 Newshound Guru Islandg1211 ...the WTO website page on Iraq that clearly shows that Iraq has done NOTHING for years to further their membership. Iraq hasn't even had a working group meeting scheduled with the WTO the past few years. ...the FATF website info...said that they reviewed Iraq in June and they had four more requirements to complete before getting on the White List. So, Iraq is not on the White List, nor will they be by January unless they complete the requirements state. I said last January, Barzani gave a CNN interview and stated that Mosul wouldn't start for months, and it would take months to complete. I posted last New Years that Abadi gave a speech that day and said Mosul would be free "by the end of the year." Iraq has years to go to join the WTO. Iraq has more steps to complete to get on the FATF White List. Mosul was never expected to get done before the end of the year.
10-31-2016 Newshound Guru rcookie Article: "On the Keywords: we underestimated the effects of the financial crisis in Iraq in several ways" Quote: "Systems at the American University in Dahuk province, an economic conference, discuss the financial problems in Iraq, with the participation of senior financial and economic official" THIS IS THE DOHUK CONFERENCE... THEY AGAIN OUTLINE THAT CONTINUED ACCESS TO THE INT'L LOANS ARE DIRECTLY LINKED TO REFORMS CARRIED OUT BY IRAQ TO RECEIVE THE REMAINING $16 BILLION...WHICH THE 1ST REVIEWS TOWARD THE 1ST LEG OF LOANS ($5,3 BILLION) WILL OCCUR AFTER PUBLISHING OF THE 2017 BUDGET LAW...WHERE CONFIRMATION OF THOSE REVENUE AND EXPENDITURE REFORMS WILL RESIDE FOR 2017...THEN IRAQ CAN SAY "SHOW ME THE MONEY"...AND RECEIVE THE REMAINING INSTALLMENTS OF 2016 MONEY...AND NOWHERE... NOWHERE DO THE SBA LOANS ACCESS HAVE ANY TIE INTO A CURRENCY VALUE CHANGE...
10-30-2016 Newshound Guru Islandg1211 The IMF imposed requirements on the CBI to make economic reforms prior to getting another loan installment. The IMF isn't just giving Iraq money. One requirement is that Iraq improve their credit rating. Although, the IMF hasn't stated that the CBI has to raise their exchange, it's hard to imagine that that wasn't discussed. An article today on a meeting between Saleh, Allak and others quotes Allak stating that has requirements from the IMF in order to get more loan installments.
10-30-2016 Newshound/Intel Guru Bluedog Article: "Kuwait issued a clarification about" an Iraqi military movements unusual "near the border" SECURING...THE BORDER FOR WHAT? THAT WOULD BE MY OPINION AND OTHER BORDERS I WOULD THINK SO MONEY WILL NOT ESCAPE B4...WELL YOU KNOW WHAT...ALL IMO.
10-30-2016 Intel Guru RayRen98 Mosul reportedly has been cleared of Isis. The armies have their flags ready and are waiting on Ababi to plant the official flag...the expectation is Tuesday. Maliki referenced on TV as the reason Daesh was in Mosul. Supposedly, the international courts will try him on war crimes. Thousands of citizens are returning to Mosul since it is being declared cleared of Isis. How do these reports affect us? Time Will Tell if they were significant to the public release of the revalued international rates.
10-30-2016 Newshound Guru FrostyTheSnowman CNN posted this... "Thousands of civilians -- many of them women, children and the elderly -- have streamed into central Mosul as ISIS militants retreat from surrounding towns, witnesses told CNN Saturday."
10-30-2016 Intel/Newshound Guru Mnt Goat ...all the indications point in the direction of a massive revaluation in the very near future. But…FIRST we must also see the signs that the CBI is continuing with the “project to delete the zeros”.
10-30-2016 Newshound Guru rcookie Article: "Allawi back to the office and give up the financial dues" Quote: "The President of the National Coalition, Iyad Allawi, on Saturday, for his return to active duty as deputy president of the republic in order to "achieve unity,"..." AMAZING...THERE WERE REPORTS YESTERDAY OF HIS REFUSAL TO RETURN TO VP POSITION...AND KEEP IN MIND ALLAWI...UPON ANNOUNCING HIS RETURN AS VP...HAS NO INTENTION OF RELINQUISHING HIS ALLIANCES PURSUIT OF MINISTRY OF DEFENSE APPOINTMENT...
10-29-2016 Intel/Newshound Guru Mnt Goat The fact is there is none and so no RV... the RV can’t simply happen at any time. It will not and does not work that way. But if we carefully watch the process of the implementation of the new banking reforms and all the measures needed first in order to go international due to the necessity for ease of banking, ease of trade, ease of commerce and measures to combat corruption, then we might have a chance to see how this will lead to a massive revaluation someday soon. [post 3 of 3]
10-29-2016 Intel/Newshound Guru Mnt Goat ...we see that the CBI is optimistic that the when the war is over and country is more stable they can begin the process to “delete the zeros” once again (since they have decreased the supply already of the dinar.. We read many articles on this recently). When the demand increases. They need the momentum to kick start the process. Article quote: “cover of a fierce war waged by the Iraqi army valiant and security services and the factions of the crowd the popular Bible 's central bank has succeeded Iraqi in raising the value of the Iraqi dinar exchange rate against the US dollar in recent days”. So yes according to this article they did raise the value of the dinar already. But they already did it prior to this article being published. The operative word is “succeeded” meaning past tense. So...Where is the new rate on the international exchanges? [post 2 of 3....stay tuned]
10-29-2016 Intel/Newshound Guru Mnt Goat Articles: "Coinciding with the victories of our security forces in Mosul, Central ..alpennek raise the price of the dinar" "Dollar is deteriorating in front of the dinar" First of all they are talking about an improvement of the dinar value vs the dollar meaning from something like 1300 dinar to the dollar back down to 1188-1200... I can assure you these articles are NOT talking about any significant rise in the value of the dinar (like we want), even though they use the term “significant” their meaning of significant is not the same we are looking for. If you follow what the CBI is doing you follow the money. If you follow the money it leads you to the revaluation – a significant rise that we are looking for, BUT...the CBI must follow their planned process to have success in the currency reform...they will NOT just pop out a new rate such as $3.71 or $4.20 to the dinar with the flick of a wand. This simply is NOT the process and how it is going to happen. [post 1 of 3....stay tuned]
10-29-2016 Newshound Guru rcookie Article: "Money experts discuss ways to get rid of the economic crisis in the province and the center" Quote: "The first session included numerous interventions made by Messrs participants from various official economic actors and university professors." LOOK AT THIS MEETING AND THE ACTORS...MINISTER OF PLANNING JUMAILI...CBI GOVERNOR ALAK... FINANCIAL ADVISOR TO PM SALEH...KURDISTAN PLANNING MINISTER DR NABI...MINISTRY OF FINANCE UNDERSECRETARY HANDAL...HEAD OF IRAQI PRIVATE BANK ASSOCIATION ALATERCI...ALL MEETING AT DOHUK UNIVERSITY WORKSHOP TO DISCUSS THE ROLE OF CENTRAL BANK IN RESOLVING ECONOMIC CRISIS IN REGION AND THE COUNTRY...WOW!
10-29-2016 Intel Guru RayRen98 [Re: the "announcement made by the UN" -- if the UN announced that they have RVed what is your best guess of when we should be able to exchange? Isn't that the announcement we have been waiting for?] I would think so, but I haven’t found anything that supports that the UN made that announcement...no confirmation of that. The information is still good; some are hearing things from others that I am not hearing or not getting confirmation for. That doesn’t mean it’s not true, just that I haven’t heard the confirmations. Hopefully all of what you’re hearing is 100% true and accurate even though we haven’t seen it yet, nearly 24 hours later. We’ll just wait to hear. I’m excited about the weekend. Enjoy it! Everyone is still looking at the 1st November for this to come to a conclusion.
10-29-2016 Newshound Guru MadDScout Article: "The Central Bank succeeds in raising the value of Iraqi dinar to us dollar" I want everyone to keep their feet on the ground. We can only ever watch the action. When the action bears this out to be an accurate report, then I will throw a party. [IS this the only source of this sort of news?] No I have seen it in 5 places...5 sources... I am watching with both eyes.
10-28-2016 Newshound Guru MadDScout [Have all of the new ministers been approved?] Not yet...They are looking at the resume's. The COM is now looking through the submitted names...Then once they have consensus it goes to parliament.
10-28-2016 Newshound Guru 1bobby [Have all of the new ministers been approved?] I think next weeks sessions will tell us a lot of where they are as far as Ministers.
10-28-2016 Intel Guru ADMINBILL WE HEARD YESTERDAY MANY GOOD THINGS THAT POINT TO A CONCLUSION OF OUR ADVENTURE WITHIN THE TIME LINE I OUTLINED EARLIER THIS WEEK. [reference ADMINBILL post 10-27-2016]
10-28-2016 Newshound Guru MadDScout [Do you not think that Mosul is the lock, if Basra is the key? Iraq must have security stabilized.] I personally think Mosul is a big factor towards their social stability...And there are a lot of adjustment being made in the post Mosul discussion...There was a visit by the Speaker of parliament today in Erbil...There are what he called "adjustments" being made...and they infer territory and such as has "not been before". [Do you think that will become Kurd territory?] I took it that not all would be happy with the new arangements but they were for the greater good of Iraq. That seems to be what is being discussed.
10-28-2016 Intel Guru Frank26 [...are we in the 3 days till release?] ...3 days...10 days...A month...End of December...We do not focus on a DATE but STUDY these days and their events. Which IMO have been substantial in our evaluation. The RI is INTERNAL and a NEUTRAL event...IOO (in our opinion). The gradual IQD increase is occurring but not familiar to a majority. Yes IOO at any moment they can surprise us...The International Investors... But not until their RI phase is complete and we said the Mosul Liberation is but ONE of these RI Steps.
10-28-2016 Intel Guru Bruce What we know and confirmed to us is around 3pm today [Thursday] the Secretary General of the UN made announcement that Iraq did RV their currency. This counts as the international announcement for Iraq. We could be there within a few hours or a day or so. Not a lot longer for us. Tomorrow [Friday] maybe significant date as far as UN Operational rates being put out. They could be put out or maybe not be seen. They typically put out the rate and be effected the first of the month which would be November 1. Iraq is done, RV announced in the UN today. They hit the rate they intended to hit. We should be at the point of pre celebration.
10-28-2016 Newshound Guru 1bobby [new Guru] Article: "Iraq opens complex "General Electric" technologies in the North Rumaila" [Basra] So now we are seeing the benefits of these contracts that were and have been signed in the previous months. And it's also speaks to adding to the State Treasury. Basra's security is also improving on a daily basis. I know others have called Basra the new Dubai of the Middle East.
10-28-2016 Intel Guru SteveI Article: "Dollar is deteriorating in front of the dinar" I like the article a lot. I had a talk with a few of my guys, and they all agree that it sounds like the process has started but not made official yet. Quote: "CBI succeeded in raising the value of the Iraqi dinar against". ...in the past or previous news they would have said "in the near future", or "coming days or months", etc. To me succeeded means commenced or started. The other part I found very interesting is "a lot and recover the exchange rate of the Iraqi dinar". So just exactly what are the recovering from? ...Are they talking the the 3.21 rate? Another part I found positive is "after the economic scientific plan developed by organizers of the Central Bank of Iraq and new policy pursued by the Central Bank". ...the powerful part is the word "plan". This is something that had to have been in place previously and not just some made up statement for an article. The last thing I found interesting is the wording of "the value of the national currency exchange rate of the Iraqi dinar". I have never seen the word of
11-15-2016 Newshound Guru BGG ...we can hang on for 47 days...but it may not even go THAT LONG.
11-15-2016 Newshound Guru Kaperoni Article: "Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency" Quote: "Start procedures to delete three zeros from the currency in 2017" The good news is it looks like we will see something happening in just a month or so.
11-15-2016 Newshound Guru firefly ...what the lifting of the 3 zero notes means...All they are doing is removing them from the market place...hence "the lifting of the 3 zeros"...so if the removing them from the marketplace begins in early 2017...Logic would tell us they would need to have a value for the lower denoms to hit the streets right... BEFORE they are removed... The CBI told you they will coincide with the lowered denoms for 10 yrs.
11-15-2016 Intel Guru ADMINBILL Reports continue to be positive with information pointing from any minute through the inauguration. News from Iraq remains positive with reports that the small denominations are in use and being given as change...they are to be issued soon. Whether this occurs this week or next is not relevant. Seeing a completion of the process is all we ask...
11-15-2016 Newshound/Intel Guru BGG Adding value is a part of the "note removal" process...without value - why would anyone want to carry a smaller denomination (No zero notes)? I am skeptical about 1st Q 2017 - them telling everyone doesn't make a lot of sense - unless they do it earlier than that...AND they've already said it will BEGIN in early 2017. That's only 47 days away...
11-15-2016 Newshound Guru Kaperoni It has been some 13 years and Iraq still has not created with much success a private sector/market economy. So the Dinar waits. Iraq remains today about 93% dependent on oil production. 2017 seems to be the year Iraq plans to launch such a market economy. Time will tell. In order to do so, Iraq must create the conditions. Some of which are laws for investors, stability, and a sound banking system. Once it's internationally recognized, convertible and traded, the dinar will rise based on supply & demand. Some may sell at 1 cent...Others may wait until 10 cents, and still others may wait until it is much higher. The Dinar will become eventually just like any other currency, bought and sold throughout the global banking system. [post 2 of 2]
11-15-2016 Newshound Guru Kaperoni Interesting fact, the dinar has already appreciated from its original value released in 2003. According to reports, back in October 2003 the Dinar exchange rate was well over 1600 to $1. In pretty short order it appreciated (4-6 months) down to 1170 to $1. This first phase of appreciation was to counter the effects of inflation in Iraq that was well over 38% as oil production began post war. I believe the plan was designed to again raise the value to counter the effects of the launch of a private sector or market economy. [post 1 of 2....stay tuned]
11-14-2016 Newshound Guru wmawhite Article quote: "...an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets..." ...do...you remember from a couple months ago the ISX stating that they intended to be available to global investing in early 2017. [Yes...i sure do...] Well, well , well...1+1=2.
11-15-2016 Intel Guru Frank26 IMO – this month...November 2016...up until December 2016...I believe they need to change the value of their currency for 2017. From November 7th to December 7th – these are the golden periods that the IMF works with the CBI...and we will see if there is a change before 2017. IMO - does this not show they are in Article 8 compliance? The rate may be...10 to 20 cents...but their goal is to get to 1 to 1...THIS YEAR...2016...that way it can be introduced to the INTERNATIONAL community at 1 to 1 by the 1st of the year. THE RATE HAS TO CHANGE BEFORE JANUARY for any of this to have LIFE. [post 2 of 2]
11-15-2016 Intel Guru Frank26 2017 is the time when they will introduce the LOWER DENOMS...but it NEEDS A NEW RATE. [Guru] Delta told me...this was being introduced with great confidence to the citizens...RED ALERT! Dec 7th, 2016 the IMF board will do a review of lifting the 3 zeros. Saleh says we will delete the 3 zeros...from the exchange rate. “We will DELETE the 3 zeros from the payment of the dinar in Iraq.” THAT IS HUGE! But...they have to RAISE THE VALUE OF THEIR CURRENCY FIRST! They even said that the LOWER DENOMS will exist parallel with them for the next 10 years! Yes...they must change the VALUE BEFORE the new notes...as to not confuse the citizens... [post 1 of 2....stay tuned]
11-15-2016 Newshound Guru Kaperoni For those who don't know, deleting or dropping the zeros in the case of Iraq won't happen overnight. It's going to take time. The zeros will go away one by one as the dinar rises in value. What causes the value to rise is what is known as "supply and demand" Or what some call "market forces". Meaning as investors and investment comes into Iraq, it will drive the value of the dinar up...Which will cause the zeros to go away naturally over time. There is no RV or single event. This is well documented in the IMF...Stand by Agreement.
11-15-2016 Newshound/Intel Guru BGG [...if three zeros are removed, a hypothetical is, eight $25,000 note would become a $25 note is that correct?] First off - it's a 25k DINAR note... worth $25 USD (currently)...and when they get done revaluing - no matter what the USD value is - or should be OUT OF IRAQ...inside Iraq - 1 Dinar will still be worth 1 Dinar...a Dinar is a Dinar... so ask yourself - again, when they are writing these articles about their currency - who are they talking to? Iraqi's - where a Dinar is still going to be worth a Dinar...so what are they removing? ...it's NOT A LOP - that is what taking a 25k (IQD) note to a 25 IQD note would be - and there's NO WAY...So...if it's NOT NOMINAL VALUE... AKA - .0086 >> .86 and it's NOT A LOP... AKA 25,000 = a 25 IQD note...then what is it? a removal of the bigger - 3 zero notes over a period of time...
11-15-2016 Newshound Guru mike Article: "CBI decision to remove three zeros from the currency of Iraq beginning in 2017" ...even if they "start" the process in 2017, there's still a ton of work to be done. We know they need to fix the MCP and liberate the exchange, but they also need legislation to encourage the foreign capital needed to rebuild. Some kind of economy is also going to be required to create demand for Iraqi products as well. Here's hoping they get on the ball and demonstrate a movement towards the open market economy instead of talking about beginning the process, the sooner they do, the sooner they'll get to a dime.
11-14-2016 Intel/Newshound Guru Mnt Goat Article: "...the official source in the Iraqi Central Bank stressed that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the dinar, which will be a key reason for the return of Iraq's economy again in January 2017.." WOW! Now they even gave us a closer timeframe. They actually said January of 2017 not just early in 2017…WOW! So we are getting very close to this target. I am very excited and so should you. [post 2 of 2]
11-14-2016 Intel/Newshound Guru Mnt Goat ...recently we heard all the very good news about the Reconciliation Law effort being drawn up and now presented to all of the secs for acceptance... They are very serious this time. The law also conditions what will happen to Mosul provinces post ISIS and all the non-Iraq fighting forces in Iraq. It is very significant and CAN NOT fail if we expect to get an RV. Then they popped out news about the HCL. They told us it too is all completed but still needed the law presented to parliament and passed to make it all legal and long lasting. It now sits in parliament waiting for the final readings. We also know it is in the 2017 budget which will be voted on Nov 26th...so we are told. [post 1 of 2....stay tuned]
11-14-2016 Newshound Guru wmawhite [...[Guru BGG] bgg mentioned it might come out as excotic currency what does that really mean?] If it has value and there is someone on this planet that will exchange it for me, it doesn't matter.
11-14-2016 Intel Guru SteveI [Dropping the three zeros is merely a description of the coming new lower denomination currency. On the magic day whatever day that is...The lower denominations will be announced and issued ...including a 25 dinar note, a 10 dinar note, the 5 dinar note, and so on...Concurrent with that event the exchange rate will be updated to whatever value they have determined...Be it $.85 to the dinar, or $1.16 to the dinar, or $3.45 to the Dinar...] This is how we believe it to happen...
11-14-2016 Newshound/Intel Guru BGG ...there have been several BARN BURNER ARTICLES lately...Here's a couple of...headlines from the last few days... "Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency"; "The central bank begins its first steps to delete the three zeroes from the currency"; "The CBI decision to remove three zeros from the currency of Iraq beginning in 2017". They are pretty much telling us what's happening...it's VERY EXCITING!
11-14-2016 Intel/Newshound Guru Mnt Goat ...we all should be very excited now...but I am also VERY cautious and know they can also postpone this effort again if certain mandated reforms and reconciliation efforts fail. But we also know they can not grow their economy either without a real currency...There is just 47 days remaining in 2016. Many say this event will happen prior to Jan 1st 2017. I will tell you THERE IS ABSOLUTELY NO EVIDENCE SHOWING US OR TELLING US IT WILL HAPPEN SOONER! Can it happen prior? Anything is possible... [post 2 of 2]
11-14-2016 Intel/Newshound Guru Mnt Goat There is now so much news pouring out of Iraq on the “project to delete the zeros”. ...they will have to explain the project all over again to the citizens since it has been about a year already since they last tried to do it. They are now ramping up to do just that. I expect they will give a deadline (a time limit) as to how long the Iraqi citizen has to exchange the 3 zeros for the new lower denomination notes before they expire. This is of course in Iraq only. We know the 3 zero notes will remain in circulation (but more for the inter-banking transactions) for 10 years. If you look at the BIG picture you will realize that us investors will be like the bankers in Iraq, who will remain holding the large 3 zero notes and use them mainly for inter and intra country commerce. Only the value will change significantly from what it is today, IF YOU WERE TO USE IT INTERNATIONALLY. [post 1 of 2....stay tuned]
11-14-2016 Newshound Guru wmawhite Parliament has already given the CBI the "green light" to move forward with the delete the zeros project. This happen in March 2015. Furthermore, the CBI has been flooding the news with their intent, which is to put notes into the market place that currently has like value of $0.04, $0.09 and $0.18. The CBI is not telling the world that they are doing this only if Parliament does not go on recess. The CBI is driving/steering this ship. Everybody else is reacting to the CBI. [post 2 of 2]
11-14-2016 Newshound Guru wmawhite [I see where parliament is going on recess in Dec and not coming back until Jan 07, 2017...I sure hope all laws are voted on that are needed before a change in the value on our investment or we are looking into 2017...?] Gee, wonder why the CBI has told the world that the 50, 100 and 200 notes are coming out in early 2017...Just wonder if the CBI thinks there are enough laws in place? ...the CBI would not be flooding the media with this information if they (the CBI) did not already have what they needed to do certain things that (has the CBI said)..."there be the affect of the delete the zeros project". [post 1 of 2....stay tuned]
11-14-2016 Intel Guru Dr. Clarke [...since the CBI says they are starting the process to delete the 000's it may very well be a rate change in 2016.] Looking more & more, like the highest probability, is right at the very end of November, 2016...we'd say it's now at 99%...
11-14-2016 Newshound Guru Aggiedad77 Article: "In fiscal policy seminar in Iraq in favor of proposing the establishment of a specialized commercial bank importation" Commercial Bank...would that be a vital and necessary thing at a program rate...where do you think this headed...why of course their Financial Reform kicking into high gear...why not...terrorism is breathing its last breath...the Long Line is chomping to get into Iraq in an even bigger way than has previously been experienced...a Commercial Bank would be just what the doctor ordered...what better way to resolves issues around credit and import policies from where...outside of the country of course...pay attention to Dr. Saleh...when he is speaking...it is truly Abadi's thoughts that come from him...and the Iraqi people listen...listen with intent... the BEST is coming...all IMO.
11-13-2016 Newshound Guru Shredd [...what is the incentive for the Iraqi people to bring the larger notes in if the value does not exceed the dollar?] ...the plan is to reduce the supply of the dollar. This is huge. If they were flooding the market with the dollar, it would satisfy the need for lower denoms. BUT, since they are reducing the dollar supply and replacing with the dinar, think of the practicality of that at the rate today...ridiculous, right? So, this situation, the supply and then the corresponding necessary increase in the value to make the ease of carry, the incentive is there to use the dinar.
11-13-2016 Newshound Guru Islandg1211 I also believe that they do need to pass Investment and Banking laws. They need to stop the MCP. Mosul is projected to be done in 2-3 months (everyone can define "done" in different ways, I'm defining it as being safe and secure with mines cleared and roads driveable.) I doubt the GOI is going to get anything else done besides the Budget before February given their track record. Hopefully, February and March they can actually pass what they need to pass and be ready to RV by the end of March-April window, while the CBI "starts" the deletion of the three zeroes the first quarter of 2017, and Mosul is secured. ALL THOSE THINGS ARE ACHIEVABLE by APRIL 2017, and it fits with the CBI's recent statements that they are beginning the process the first quarter of 2017. [post 2 of 2]
11-13-2016 Newshound Guru Islandg1211 Because they have to "delete the zeroes" they have to announce their steps to get the citizens to bring in their three zeros Dinars. Because they have to issue the lower denoms, they have to announce the program to the citizens. It isn't like they are keeping the old currency and just raising their exchange rate, so they have to make announcements. ISIS has really delayed them for three years (2014-2017.) I've never believed that they would RV 4th quarter of a year, nor do I believe that at this point they will RV prior to gaining control of Mosul. [post 1 of 2....stay tuned]
11-13-2016 Newshound Guru Aggiedad77 Article: "Proposals on the central bank's decision to grant the loan?" Quote: "The Iraqi government and the Central Bank of Iraq's decision to allocate trillion dinars in the budget of 2017 to give a concessional loan for the establishment of small and medium enterprises is a correct and important step..." IMO...we are seeing the CBI acting here with regard to this loan for 2017 as though it is a done deal...so could they know already that the budget will be passed...that at least this portion of the budget will skate through Parliament unscathed...How would they be making plans for this loan to these sectors if they didn't know already what was the outcome of the budget process within Parliament...I'm thinking we will see this budget passed this month...by the end of this month...and when it is passed/approved and published...oh the movement of their Monetary Reform will truly swing into a higher gear known more fondly as full speed ahead...
11-13-2016 Newshound Guru Shredd How will the notes be removed? If not by law, then by incentive and if the latter is the case, how can you incentivize the Iraqi people to bring in their large notes? Add value to the artificially held down dinar! Reduce the availability of the Dollar and release into circulation the medium notes and eventually the small notes. I believe 2017 is going to be an exciting year in this regard. ...watch for indicators of the tide changing with the dinar. Iraq's back is against the wall and you should be excited. Lastly, just as a reminder which I've often said...this is currency folks... Currency which will represent the true value of Iraq's economy...oil, gold reserves, growing infrastructure, gaining diversification of goods and services and investment faith. Not IF, WHEN...and we are getting closer! [post 3 of 3]
11-13-2016 Newshound Guru Shredd I'm happy to be wrong, but the "gradual" increase in the value of the dinar that we've been reading about for the past few years may very well start off as a continued managed float before it moves to a full market-driven float to maintain stability. The 2% rate fluctuation stability requirement makes me wonder if that will be the case...to mitigate market reactions to large "steps" or tranching of the rate. We'll have to wait to see. Anyways, this is great news in what I've felt is a bit of a lag or drought of news we can hang our hats on. [post 2 of 3....stay tuned]
11-13-2016 Newshound Guru Shredd Article: "Central Bank: the deletion of zeros in early 2017" This IS a great article and aligns/confirms the plan we've been watching regarding removing the zeros. So what does this mean? ...this means removing the large three zero notes from circulation. Now, that does not mean retiring them...they are legal tender. ...they just recently released the 50k and 100k notes. So, this is an effort to reduce the large note count in circulation. This will also encourage usage of the electronic banking structure that has been in construction for the past few years...balance protection, rate lock windows, etc. ...you will start seeing evidence of the reduction of US Dollar in Iraq. [post 1 of 3....stay tuned]
11-13-2016 Newshound Guru tlm724 Article: "Central Bank: the deletion of zeros in early 2017" I am loving seeing this back in the news... BL [Guru Bondlady] always said it's VERY good when they are talking about it! I have great hope for the new year. Shabs always said he needed stability and with the ongoing offensive in Mosul there will be stability in all of Iraq in a matter of months. There was a great article today about the CBI and the US Treasury. Article: "Central Bank of Iraq signed an agreement with the US Treasury to stop funding the organization Daesh" It reinforces our belief in this investment and that Iraq does have so much help! Lets...stay the course, better days are coming for sure.
11-13-206 Newshound Guru Breitling Question “We all know we can buy dinar from specific traders but when people say, “when will Iraq become Internationally tradeable.” what that really means is when can we go to our local bank and buy and sell dinar? It’s still treated as an exotic currency.” Look at all the currencies out there that are in the same range as the Iraqi Dinar…some you can buy and some you can’t. So that depends on the bank. There is no international law. When there were banks selling the Iraqi Dinar there was only a couple of them. For them to get the dinar. Order it. and be able to get it to their banks and give it to you…they are not making enough money. It disrupts business...Like Bank of America and these banks...I remember from one of the Bank of America employees that’s way up there…and so we talked about it. Basically he said they stopped selling dinar because it disrupted business. You had little old ladies calling every day asking “did the dinar revalue.” every single day. It just came up on them…this huge huge hype built into it and they simply had to shut it down. All the banks finally did it cause it was that big of a deal. That hype is gone by the way. It simply doesn’t exist. You can’t use that as a benchmark at all. It doesn’t matter if Bank of America sells it or Chase Bank it simple does not matter.
11-13-2016 Newshound/Intel Guru BGG Article quote: "The governor of the Iraqi Central Bank, said the bank began to develop the first steps of the project to delete the three zeroes from the Iraqi currency." "...the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017." This is really the only article that matters..."begins it's first steps..." ...which implies they are on this "1st Q 2017" or before...and make it a competitor to foreign currencies..." Boom. "...the beginning of 2017..." as per their phrasing - is like, 49 days away? I think I can hang in there for that much.
11-13-2016 Newshound Guru mike Article: "Central Bank: the deletion of zeros in early 2017" Maybe 2017 is the year that Iraq starts the process, I'm looking forward to seeing Iraq get rid of the MCP, remove all exchange restrictions and accept Article VIII with the IMF. If they do that in 2017, you'll know the process has begun. If they don't, you'll know this is just another article from a proxy CBI governor designed to placate the masses... just my opinion.
11-12-2016 Intel Guru SteveI Article: "Parliament plans to enact a law to guarantee bank deposits" Quote: "Finance Committee in the House of Representatives unveiled on Wednesday its intention to legislation of a special law to guarantee depositors' money in Iraqi banks, while confirming that it will contribute to "boost confidence in the banking sector." This is extremely important as it will give the citizens confidence in the banking system and to actually use it instead of putting their dinars under their pillows. I love this article.
11-12-2016 Intel/Newshound Guru Mnt Goat So what happened to the Iraqi 2017 budget this week? Article quote: "The House of Representatives on Wednesday 11/9 ended the second reading of the budget in 2017, while its lift to the 26th of the current month...“moving the budget to the 26th of this month." I will add that there are aspects in the budget that will move Iraq in a monumental leap forward and still there are political constituents who do not want this to happen and so they resist, as shown in Wednesday’s parliamentary discussion. But I feel they will eventually prevail and the budget will get passed before the end of the month. It is already late. The BIG question is - did they include the “Project to Delete the Zeros” in the budget? We know for a fact they told us they have to include it if they are going to execute that year. We know they did include HCL, money for very large defense expenditures and other needed reforms we are looking for.
11-12-2016 Intel/Newshound Guru Backdoc ...IRAN IS WORKING ITS WAY TOWARD A ONE PAYMENT SYSTEM BY MARCH 20th LIKE THEY SAID. THEY ARE PULLING IN THE PAPER AND PREPARING THE WAY FOR THE DIGITAL NEW REALITY. BY DECEMBER THEY WILL BE RELEASING THEIR NEW DIGITAL PLASTIC POSSIBLY? HOW DOES THIS TIMING COMPARE TO IRAQS RIGHT NOW? ITS SHIA BROTHER (Iraq) WILL BE ON THE SAME PATH AS WE SEE THEY ARE BRINGING FORTH CHANGES AS WELL AS WE SEE THEIR ZEROS DROPPED. I EXPECT TO SEE CONTRACTS BEING USED TO REPAIR AND RESTORE BOTH OF THESE CURRENCIES INTO THE NEW DIGITAL REALITY WHICH BOTH ARE HEADED.
11-12-2016 Intel Guru SteveI Article: "Delete the three zeroes from the currency of Iraq early in 2017" Quote: "...the aim of the deletion of three zeros is to support the Iraqi dinar, and make it a competitor to foreign currencies, pointing out that this strategic project will serve the country's economy, as the dinar will be included in the global basket of currencies in the vital exchanges. He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017." Now I am getting very encouraged and starting to get excited. It is finally coming our way. [...do you feel or are you hearing we will need to wait until 2017 or could it just be any day after they liberate Mosul?] I think early 2017 seem to be what many are talking about.
11-12-2016 Newshound Guru Islandg1211 Article: "Delete the three zeroes from the currency of Iraq early in 2017" Quote: "Deletion of zeros from the Iraqi currency, will be implemented in early 2017, according to the Keywords [Allek], the central bank governor, noting that the bank began to develop the first steps of the project." Here's another article stating that he is starting the RV process in 2017, which coordinates with removing ISIS from Mosul within the next couple of months. In addition to this article, which was the 6TH ARTICLE IN A WEEK, and the Iraqi news TV is also announcing it. We have been through this a few times before where the CBI peppers the news media with their plan to RV. Their plan was always stopped by Maliki/Iran and then ISIS. Hopefully, now, with Abadi in and Maliki out, US troops back in and ISIS gone, and the Iran Deal and sanctions lifted, the CBI can finally complete their monetary reform in 2017.
11-12-2016 Newshound Guru Breitling Article “Central Bank, the deletion of the zeros in early 2017”. We’ll let the date from the CBI speak for itself…point 1 “ The Iraqi dinar with global currency basket and handle it efficiently the worlds stock exchanges and financial markets.” So they basically want to add value to it so it can be used in currency baskets all over the planet…but it has to have value. So that’s what they want to add in early 2017. 2. they want to equalize currencies. That’s what they want to do. There are two things on the list they want to do. They are going to get rid of the auction floor. Because that’s actually the mechanism to bring in foreign currency to actually make it fit to where it actually reduces the value of the Iraqi dinar. And they are going to reduce the notes coming ... So basically they are getting rid of two of the main things. That’s it. like I said they already reduced the note count to a point where they can actually add value to it. That’s what’s coming out and that’s why it should be so exciting. I gave you guys a date. Not an exact date but a date they are looking at and what’s going on.
11-12-2016 Newshound Guru MadDScout [I just...just saw a comment that a budget will be read a third time? I thought anything that has to do with moving forward with reforms only has to be two time before passing.] The 3rd read is the final read/vote. [Is the passing of the budget a must, to establish a change in the revalue?] After the budget comes out it can be adjusted...Whether before or after. [reference Guru MadDScout post 11-11-2016]
11-12-2016 Intel Guru ADMINBILL THERE HAVE BEEN SEVERAL INCOMING MESSAGES FROM GOOD SOURCES THAT INDICATE THAT MUCH HAS HAPPENED AND MUCH MORE IS HAPPENING THAT MAY BRING THIS TO CONCLUSION VERY SOON. "VERY SOON" MEANS WE ARE IN A SPOT. ALSO SOURCE CONFIRMED WITH PERSONAL CONTACT IN IRAQ THAT THE LOWER DENOMINATIONS (5-10-25) HAVE BEEN DISTRIBUTED. PROGRESS IS BEING MADE.
11-11-2016 Intel Guru Frank26 Article quote: "Allak Disclosed the CBI will Announce the Names of the Banks According to the International Classification Using Global Assessment Companies Working On the Evaluation of These Banks” Keyword (CBI governor) is telling all of their banks we are currently classified all of you according to the international classifications very soon...why in the world would you now set these banks up now that you have most of Mosul secured..why would you be setting them up to be doing international work...and to prepare themselves for an influx of lots of currencies...because they are doing a MR of their currency. They have no liquidity...and the LD’s will solve that problem once they raise the value of their currency….and their currency that they will introduce at the beginning of next year will be legal and tender for 10 years and more than likely forever….but none of this can happen unless they raise the value of their currency in this year of 2016…IMO.
11-11-2016 Intel/Newshound Guru Mnt Goat ...emphasis for us is still on the progress of retaking Mosul. The question now is - what will happen to region once Mosul is taken back? Will there be yet another void to be filled? We also know we are moving much closer to currency reform and we see it daily in all the news. Be patient if just for a little while longer...its coming...
11-11-2016 Newshound Guru MadDScout [Why is the GOI waiting until the 26th to dicuss the Budget law?] They appear to have taken a recess till then and in the meantime they are working on the details. When it comes back it will be the 3rd read.
11-11-2016 Intel/Newshound Guru Backdoc Article: "Is it time for a national settlement in Iraq?" Quote: "...a national settlement that would result in a historical Iraqi reconciliation...rallying support for the process of national reconciliation and pushing this initiative forward locally, regionally and internationally." AFTER CLEARING OUT CORRUPTION TRUE RECONCILIATION WILL NOW BE POSSIBLE AND THESE AGREEMENTS WILL BE ENFORCED BY THE UN! YIPPIE! ...IMO.
11-11-2016 Intel Guru Hub i only go on economic principle...the facts i go on is for iraq to return to the height of their hayday, 50's, 60's 70's etc, they have to be in the middle of global trade and tourism, and to do so...they must have a tradable currency, or no one will do business with them... rate? i dont have the foggiest, but it must be one all countries want to trade for, it must show the value of the resources of the country and must be the acceptable currency for that particular inenity. so as soon as they put a reasonable value, the world will beat their door down and all will be well.
11-11-2016 Newshound Guru 1bobby Article: "More than half a million visitors to the Baghdad International Fair" Quote: "...this number of visitors is an important milestone in the ministry's ability to attract citizens to visit the Baghdad International Fair and see the offers from companies and countries." Lots of business was done at this 10 day fair. Pretty much opened Iraq to outside investment possibilities.
11-11-2016 Intel Guru Delta Late Thursday Night...JUST IN FROM IRAQI TV: CBI BEGINS THE PROCESS of deleting zeros...CODE RED...
11-11-2016 Intel Guru RayRen98 The CBI recently announced that a list of all banks that are classified international will soon be released. It is believed that this is a part of the banking reforms. It has been reported that the CBI announced loans of a trillion dinar to local banks for growth of the economic sector. Iraqi TV is reporting that citizens confidence levels are rising as some are bringing in their dinar for exchanging. New banking reforms are announced and Alac is pushing the deletion of zeros for 1st quarter of 2017. They are stating that Parliament is on break until November 26 (however, the last time they were on a "break" the important work continued). We shall see...whatever will be....in due time...
11-11-2016 Newshound Guru Breitling When I read this [article] it was a remarkable piece. It basically confirms what I’ve been telling everybody…that they have been pumping in U.S. Dollars to keep the value of the dinar low and that they are going to stop and that is what the articles coming out are about. There’s a radical change today. You know why? It’s because they are reducing the dollar. They’ve already reduced the note count. How much more do they need to go? I don’t know. But it doesn’t matter for us…for you and me they can start adding value. Remember to get to a billion notes is for $3.25 so we have all that wiggle room below $3.25 to $1.17 and on down below that.
11-11-2016 Intel Guru Frank26 ...they are in the last final stages of collecting the 000’s...they need to hit a certain percentage point of their currency of their M1, M2, M3 figures...in order for them to raise the value of their currency in 2016...they need to be accounted for. The project to lift the 000’s is old news...it has been going on for a long time...for years...but IMO this is...the end of this project...increase the value of your currency once you know these numbers and then introduce the LD’s at the beginning of 2017. I’m excited that their Monetary Reform is in an RI right now in 2016...and in order for them to accomplish what articles...are telling us in 2017 can only be done if they raise the value of their currency... [post 2 of 2]
11-11-2016 Intel Guru Frank26 IMO they are down to the wire in collecting the 000’s...IMO the CBI is looking for a specific amount to get into their inventory numbers...they know how many dinars they printed...they know how many dinars were stolen...they know how many dinars were counterfeited...they know how many dinars were blown up...but they don’t know how many dinars were hidden by the citizens...they need to know exactly what is out there with the citizens... and the CBI is doing a seminar with the heads of Iraq to teach them the difference between counterfeit currency and real currency...the citizens know what is going on...and I believe the citizens are going to bring in their dinars...they need to know about their M1, M2, M3, M0 figures...before they can add value to their currency...that would help them to determine what value they want...this is all part of the MR... [post 1 of 2....stay tuned]
11-10-2016 Newshound Guru rcookie Article: "Central Bank attempts to reopen the subfolder Arbil with new look" Quote: "...the Central Bank Governor on the relationship during his visit to Kurdistan region about two weeks ago and met with leaders of political and financial territory and agree to open a subsidiary Bank but a new suit". SO...AS WE SEE THE CBI ERBIL CBI ANNEX WAS CLOSED FOR 3 YEARS...AND IS NOW REOPENING ...
11-10-2016 Intel Guru Frank26 IMO...they are going about the MR and the reinstatement of their currency to add value to their currency in 2016 in order to be ready for 2017...the budget...and introducing the LD’s...and the coins... because this is what the IMF has told them...this is their agreement...and this is what they have been doing...the board of directors of the IMF have IMO given them permission to receive this second loan because they have read everything that was presented to them...IMO...the CBI has to raise the value in 2016 in order for 2017 to have any reality...you cannot implement the project of lifting the value of your currency by lifting the 000’s of the IQD without increasing the value first...
11-10-2016 Intel Guru Dr. Clarke "THIS JUST IN - UPDATE"...We have a Very Very Very strong Belief, that Iraq will substantially raise the value of their Dinar, and make it Officially International and Exchangeable, sometime between NOW - November 10, 2016 and December 1, 2016. We give this a 98% probability of happening as we just described, within the time period we just gave...we're VERY excited right now, and...this just concerning IRAQ and their Dinar currency. The VN Dong, is still ready to move at Any Moment, but...it's dependent on the official ending announcement of ISIS in Iraq & Syria...which at this time, is anybody's guess. It could possibly ALL happen within the time frame above...but in regards to the Iraq Dinar, we're pointing to it, like never before, within the dates listed above.
11-10-2016 Intel Guru SteveI [...if the project begins in 2017, does the RV happen at the time it begins or after?] My understanding is that they will change the value of the IQD prior to introducing the new lower bills. Think about it, if you kept the rate the same why in the world would someone turn in one 25,000 note and now have to carry 1000 notes and end up with the same value.
11-10-2016 Intel/Newshound Guru Backdoc BUDGET PASSED, BONDS BEING SOLD, SALARIES BEING PAID DIGITALLY, COUNTRY TO COUNTRY DEALS STARTING TO ACTIVATE THE PRIVATE SECTOR IS LIKE A BUTTERFLY IN METAMORPHIS. THINK OF THIS FINAL STAGE AS THE BUTTERFLY DRYING ITS WINGS PREPARING FOR FLIGHT! SOON ITS WINGS WILL BE DRY AND IT WILL TAKE FLIGHT WITH A FEW OTHERS.
11-10-2016 Intel Guru ADMINBILL TODAY IS THE 10TH AND IT IS THE DAY THAT WAS SUGGESTED THAT WOULD SEE THE FINAL END TO OUR MAGICAL MYSTERY TOUR. I HAVE HEARD NOTHING SOLID TODAY AND DO NOT EXPECT ANYTHING DRAMATIC. I DO EXPECT TO HEAR CLARIFICATION OF WHERE WE STAND LATER TODAY AS TO WHETHER OR NOT WE SHOULD EXPECT TO HEAR OF MOVEMENT SOON OR TO EXPECT FURTHER DELAYS.
11-10-2016 Intel/Newshound Guru Hub Article: "CENTRAL BANK: THE DELETION OF ZEROS IN EARLY 2017" Quote: "The governor of the Iraqi Central Bank on the Keywords that project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project." ...a thought, they are about to change the value of a 25,000 note from $22 to maybe $75,000, why would they say we are going to do this is 2017 so every tom, dick and harry can go buy some more...i think it is a ploy and i would not be surprised to see it much quicker... [...since the CBI indicating the dropping of the 3 zeros in early 2017, does that mean that based on this article we wouldn't see a change until then or would they have to begin the rate change part of the process sooner...?] in my own humble opinion, i think they would have to implement the change before dropping the zeros which is really bring out lower denoms and getting the big notes off the street.
11-10-2016 Intel/Newshound Guru Backdoc I AM LOOKING AT A WINDOW IN WHICH WE MIGHT SEE THAT NEW ASSET-BACKED DIGITAL PLATFORM SHOW UP; MARCH 21ST UNTIL MAY 4TH. THE NEW FISCAL YEAR FOR THE IMF IS MAY 5TH AND I BELIEVE THEY WANT THIS DONE PRIOR TO THAT! TIME WILL PROVE THIS RIGHT OR WRONG, BUT THE ARTICLES SEEM TO LEAD US TO THESE CONCLUSIONS PRESENTLY. I HOPE IT SHOWS UP SOONER BECAUSE I WOULD LOVE TO BE WRONG ON THIS ONE! I HAVE NEVER BEEN MORE ENCOURAGED IN THIS PROCESS! THE ACTIONS TELL THE STORY AND I LIKE WHAT I SEE! [post 2 of 2]
11-10-2016 Intel/Newshound Guru Backdoc THE TWO SHIA BROTHERS (Iraq and Iran) ARE USING A TWO PAYMENT SYSTEM UNTIL MARCH 20TH! ...IMO. [...does this mean that you think Iraq will wait on Iran? I don't think they can use a two payment system when they go international.] CORRECT, THEY WILL GO TOGETHER OR WITHIN HOURS! REMEMBER THE DEAL? THERE WOULD BE DAMAGE DONE TO THE CURRENCIES BY DOUBLE DIPPING AND THE IMF WILL NOT LET THAT HAPPEN! THE VND WILL WAIT AS WELL AS OTHERS! THEY SAID THEIR TWO PAYMENT SYSTEM WOULD BECOME ONE AFTER MARCH 20TH! WE HAVE SEEN THIS PLAY OUT TO THE TEE SO FAR. THEY ARE DOING DEAL AFTER DEAL, COUNTRY TO COUNTRY, SINCE THE IMF HAS HELPED THEM RECONNECT TO GLOBAL BANKING! [post 1 of 2....stay tuned]
11-9-2016 Newshound Guru rcookie Article quote: "Chief financial officer at the US Embassy in Iraq, John Sullivan has praised the efforts of Iraq in the reform of the central bank, which confirmed that the bank «completed within a year more than what has been accomplished in the past 13 years." ...WHICH IS WHY THE CBI IS GETTING RAVE REVIEWS FROM IMF AND UST...AND THE TRANSPARENT CRITIQUE FROM POLITICAL AND MEDIA SOURCES SO TRANSPARENT AND SUSPECT... ...CBI REFORMING BANKING SECTOR...AND THE UST AND IMF LAUDING THEIR RESULTS WITH CLAIMS THAT THEY HAVE DONE MORE IN THE LAST YEAR...THAN THE PAST 13 YEARS COMBINED...THIS IS CRITICALLY IMPORTANT STUFF...
11-9-2016 Newshound Guru mike I'm disappointed in Iraq, especially now that Abadi's in charge. Maliki was a great excuse for all the violence, sectarianism, corruption and bad policies, but when Abadi came in he promised to get rid of all that and move the country forward economically. That hasn't happened. Instead, it's more of the same...This country could do so much better if the leadership would allow it to happen. ...in the face of complete ignorance and chaos I still have hope the dinar will increase in value. What I don't believe is that someone is going to wave a magic wand or push "the button" and make this happen. So, when I hear someone say that the dinar will increase in value without satisfying the requirements of the IMF and WB, I say nuts. I don't believe it will happen until they do what they're supposed to.
11-9-2016 Newshound Guru rcookie Article: "The central bank re - opening of branches in Arbil, Sulaymaniyah and linked officially" SO IN ADDITION TO OPENING NEW CBI BRANCH IN NAJAF FOR MIDDLE EUPHRATES REGION... HERE THEY ARE ANNOUNCING THE RE-OPENING OF ERBIL AND SULAYMANIYAH BRANCHES AND OFFICIAL RE-LINKING WITH ALL BRANCHES... [It almost like they are getting ready for something.] YES THEY ARE...AGREED...AND THE UST RIGHT THERE TO MAKE SURE THE I'S ARE DOTTED...T'S CROSSED...
11-9-2016 Newshound Guru FrostyTheSnowman IMO...there is WAAAAAYYY too much progress going on right now...the EVIDENCE / CONFIDENCE / SECURITY / DEMANDS / ACTION ... the PROGRESS has been HUGE!!!
11-9-2016 Newshound Guru Breitling There are some significant articles coming out of Iraq about the revaluation of their currency and I’m still digging in to find out who is saying this and what event they are saying it at. And make sure they are just not quotes. Here’s the thing…it’s coming down the road. You should be very happy, you really should. You should have confidence in this. You should have confidence in what the CBI states… Who’s managing this? the CBI. Who gave them their orders? Ministry of Planning and the Ministry of Finance, parliament. that’s it. That’s what you and I do…we follow that. Making sure that what they said there is actually accountability behind it…like the note count…hello! It’s that simple. You should be very very excited. I know people have been waiting for this to happen for a long time and it kind of dulled your senses. You went on the roller coaster ride. But this is more reality than all the bad information you got. Or the hype you were given. Or all the incorrect stuff you were told. You should be more excited about the reality of this.
11-9-2016 Intel Guru Bruce What we waiting for? Everything is basically complete. What we are looking for is when the lower denominations are completely out for the whole country. That is the next step. The lower denominations, 100 and less are about to be seminated in Iraq 2 hours after the morning prayers in Iraq tomorrow [Wednesday]. They will be put out throughout the whole country. There is a bond offering that started Saturday at noon...Last night these bonds were available to be actually to be purchased. It is important for these sales to take place for equity of these lower denominations coming out a couple hours after Morning Prayer. Also these bond transactions are elevating the rate of the Iraqi dinar. The rates are higher than we thought. That is where we are in terms of the process. The Intel as such is looking at reasonable conclusion without us calling it very shortly based on that information.
11-8-2016 Newshound Guru rcookie Article: "Masum planning calls for a general census of population" ANYONE KNOW WHY...A GENERAL CENSUS IS SO IMPORTANT...ANYONE KNOW HOW TO SPELL HCL...TO HEAR MASUM ACTUALLY CALLING FOR GENERAL CENSUS...WOW!
11-8-2016 Newshound Guru mike Article VIII is the key, they won't be able to reduce the money supply and create demand unless the currency is internationally recognized, if they just jump off the peg now I'm concerned that the dinar will drop significantly in value. It will marry up the market and official rates, but at extreme cost to the citizens by increasing inflation and reducing purchasing power. So, if they start the process in 2017, when will they accept Article VIII? We know the MCP has to hold for at least 90 days at 2% or less so that puts us roughly in April or May, at the very earliest. Then they accept Article VIII and begin to rebuild the economy and the currency and the dinar slowly begins to appreciate while the money supply decreases, I'm wondering how long that would take? By all estimates, the Iraqi's are talking about a two year process once it's begun, so for me, this puts it out a good bit. I guess the good news is that they'll actually begin the process in 2017...
11-8-2016 Newshound Guru rcookie SOMEONE ASKED ABOUT WTO ACCESSION PROGRESS AND STATUS... THEY ARE PREPARING A SPECIALIZED LEGAL TEAM TO DEFEND IRAQS FINANCIAL, ECONOMIC AND INVESTMENT RIGHTS INTERESTS IN LAWSUITS WHOSE COSTS CAN WEIGH HEAVILY AGAINST BUDGET AND WILL MINIMIZE SPENDING ON INT'L LAW FIRMS THAT IRAQI IS CURRENTLY SPENDING... ESTABLISHMENT OF ARAB UNION OF INTERNATIONAL ARBITRATION HEADQUARTERS IN BAGHDAD...A SPECIALIZED LEGAL TEAM TO REPRESENT IRAQS INTERESTS ON INTERNATIONAL TRADE AND BUSINESS... THINK ABOUT THIS RELATIVE TO ONE OF THE BIGGEST ISSUES INVOLVED WITH WTO ACCESSION...CONFLICT AND DISPUTE RESOLUTION BETWEEN TRADE NATIONS...AND IS OFFICIALLY REGISTERED WITH THE UNITED NATIONS...ANYONE NOT SEE THE POWER AND SIGNIFICANCE OF THIS MOVE TO THE INTERNATIONAL INVESTMENT COMMUNITY... AND WTO AND IMF....
11-8-2016 Newshound Guru Enorrste Article: "Central Bank: the deletion of zeros in early 2017" The following quote adds some fuel to our story: "this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity in the market." We see from this...that this precludes any LOP discussion. But more importantly there are the words "dynamics and mechanics" which clearly make this an ongoing process rather than an event. The key is the last phrase referencing maintaining the liquidity in the market. What makes this a particularly challenging process is that they are going to be reducing the money supply, which would normally reduce liquidity, but will be doing so only as the VALUE of the dinar rises, which will offset the reduction in liquidity. I can understand why they have been hesitant to begin the process. It hasn't ever been done before, that I am aware of. Usually a currency loses value due to inflation. In this case, however, the expectation is that it will gain in value. What they cannot afford is to have 50 trillion dinars out there if the value skyrockets upward. So I understand there caution.
11-8-2016 Intel Guru Frank26 Are we at the end of the road of the MR? I tried to tell you...that there is a Transitional Rate with the IQD. Prior to that we had talked about the RI (Reinstatement) – which there are many steps inside of it, not just one. All steps have to come to a conclusion...a closure. One of those steps is the take the IQD and to start using it Internationally...(Article 8)...with or without them telling you about it. ...articles start to appear...1, 2, 3...then 4...and now 5. All coming from the CBI...all talking about lifting the 3 zeros. IMO – there are agencies with the authority to do private things with the government of Iraq – with their currency...at a rate that we cannot see. Every bank in Iraq has the word INTERNATIONAL plastered on their lapel.
11-8-2016 Newshound Guru Breitling Question: [The CBI says they’re raising the dinar against the dollar but I really don’t understand the wording...are they allowing it to float?] Up until a $1.17 it’s going to be a dirty float. These guys are manipulating everything…again what are they using? There using the US dollar to pin against the dinar. They’re using the volume of dinar that are out there. And they’re using the auction floor…throwing the word float out there I don’t think it’s proper. But once they start staging it there will be more and more and more of a float. There will be more of a market driven value. That’s why they’re staging it like that. The CBI is hell bent…they are telling everybody. There are articles that came out [that I want to get more info on them…where they came from…what events were they talking at] but they are remarkable articles about the value of the dinar changing. But it’s no secret. Even without that information those type of articles coming out if you can’t see it coming you’re just not looking hard enough…
11-8-2016 Newshound/Intel Guru BGG [So what is your take on this latest "Upgrading of the Iraqi Currency" rash of articles?] ...even though this is likely a "second circle" commenter...it sure is nice to hear someone in that sphere talking (affirmation) along these lines... AND this isn't "confirming" anything HAS happened... but still adds another log on the "fire" - so to speak...and this speaks to the very heart of the matter for many people... "IS THIS REAL"? ...after all this FBI intervention... had this NOT BEEN REAL - there is NO DOUBT they would have been able to attack the veracity of this - as an investment around that time. Having had (more than one) FTF interactions with the FBI - NOT ONCE did they do this... NOT ONCE did they attack the veracity of the currency as a "holding" or investment. AND...I (even for myself) go back to the FOUNDATIONAL DOCUMENTS as my "proofs" for my thesis... The SIGR Report...The LOI's...All of the IMF Documents. The EVIDENCE MOUNTS DAILY. "Affirmation"...
11-8-2016 Intel/Newshound Guru Mnt Goat Does this mean they can’t implement their current agreement? No! Of course they can continue on the path of reconciliation and get the HCL implemented, however I fully expect that once the budget is passed we will then see the Hydrogen Carbon Law (HCL) also come before parliament and also passed very soon afterwards. It is important to the RV because I have been told many times the USA needs the oil revenue shared with the citizens and the benefits realized by the citizens or they will not sign off on the RV. ...it makes total sense to me and goes back to the GW Bush administration policy and mandates. This is what my contact has told me...Let’s wait and see. [post 2 of 2]
11-8-2016 Intel/Newshound Guru Mnt Goat Emphasis now for us is still the progress of retaking Mosul and then moving towards currency reform. We see also in today’s news that the HCL is being implemented and in the budget for 2017. Article Quote: "...the federal government and Kurdish implementation of the terms of agreement between them in the budgets of previous years, the oil agreement, as revealed included the Agreement itself in the budget of 2017..." WOW! The budget is expected to be approved last weekend. Still awaiting news of its passing. These are all very important issues that must be resolved. Does this mean HCL is done? Personally I still know that the PTB want legislation passed in parliament on the agreement and we still have not seen this done. [post 1 of 2....stay tuned]
11-7-2016 Intel Guru ADMINBILL NEWS FROM AOP (Authors of the Plan) YESTERDAY WAS SIMPLY THAT WE REMAIN ON TRACK WITH THE STANDARD BUMPS IN THE ROAD THAT MOVE IT OUT OR CONTINUE THE CONFUSION. SEVERAL REPORTS SATURDAY AND YESTERDAY THAT WE WOULD SEE THIS THEN OR TODAY...
11-7-2016 Intel Guru RayRen98 Things "popping" in Iraq. Lower denom's expected to be on the streets and in the hands of citizens sometime this week...Budget: Saturday was the 2nd reading and the third reading is to take place today. CBI: to get some adjustments today from the IMF regarding banking laws. All banks are synced and ready to go to International standards. Rates: DINAR...still thinking it will come out at around $3.71. Everything sounds good.
11-7-2016 Intel/Newshound Guru Backdoc Article quote: "Prime Minister Haider al - Abadi, make a gift to the first commander of the force raise the Iraqi flag over the city of Mosul , a declaration of liberation from Daesh terrorist gangs." GOOD CALL FRANKIE [GURU FRANK26]! JUST LIKE YOU SAID MY FRIEND! ACTIONS MEAN THINGS DON'T THEY? COMPLETION ON THE 7TH!
11-7-2016 Newshound Guru Enorrste The CBI will begin destroying the large notes, thus reducing the money supply, and this will put upward pressure on the value of the currency, irrespective of Article VIII. If they also accept the Article VIII conditions, which I believe is the stated goal of the IMF, then the process could move along much faster. Trade would improve in Iraq, thus allowing more money to come into the country, relieving the liquidity crisis somewhat, and this would allow the CBI to begin reducing the money supply. They are clearly on record that they want the money supply to be brought down to 40 billion dinars. They just have to have a mechanism to make this happen without too much of a jolt internally. And, of course, they have to START. I believe the article is saying that they have made a determination that the start will happen in early 2017. [post 2 of 2]
11-7-2016 Newshound Guru Enorrste Article: "Learn the benefits of removing zeros from the Iraqi currency " [Guru] Mike, I tend to agree with you that entry into Article VIII is a necessary prerequisite. I doubt any serious investors in dinars would play in the dinar market without some form of level playing field that is offered through Article VIII. The market spread situation can be corrected by floating the currency. An announcement that the currency would be allowed to float would automatically make the official rate and the street rate identical. Furthermore, the plan is clearly stated to reduce the money supply from 50 trillion dinars to 40 billion dinars. They just haven't started the process yet. It is my take that the article ...is saying that this process will begin in early 2017. [reference Guru mike post 11-7-2016] [post 1 of 2....stay tuned]
11-7-2016 Newshound/Intel Guru BGG Article: "Central bank governor for "tomorrow Press": aspire to get foreign Sndhatna international guarantees" Quote: "...The governor of the Iraqi Central Bank on the Keywords, on Sunday, that the bank is trying to get international guarantees for foreign bonds..." One would have to assume this is a foregone conclusion...all of this IMF support is about "international acceptance".
11-7-2016 Newshound Guru Breitling ...They didn’t want to revalue while in Article 7 because they wanted all the restrictions lifted and that was it…there are a lot of people I know who are in American politics still around and they are still sitting on their seat. It was supposed to revalue. At what rate at what price we don’t know but they blew it off for whatever reasons. In hindsight if you look at what troubles came into the Middle East and how things were staged…they made the right decision. now it sucks for you and me because we want the money right? But for them they made the correct decision. If they pulled that trigger and all of a sudden because of the drama that is going on in that arena it went backwards…they probably would not have been able to recover from it. So they correctly avoided it.
11-7-2016 Newshound Guru mike Article: "Learn the benefits of removing zeros from the Iraqi currency" Bottom line, Iraq needs Article VIII compliance before the value will rise, the market spread is proving there's no demand for the dinar right now, in it's current state. ...it's going to take a while before you can begin to delete the zero's to begin with. So, if they start in 2017, when will the dinar be worth a dime? Secure the borders, pass the banking legislation, create an open market economy, remove exchange restrictions and reduce the MCP, then we'll see an increase in the dinar. If anything, the past has proven to us over and over there are no short cuts, the IMF isn't going to give a pass to the sixth most corrupt nation on the planet.
11-7-2016 Newshound/Intel Guru BGG ...the auctions have been a conduit of funds being used for nefarious purposes. [THEY ARE SHEDDING LIGHT ON THE 2ND SIDE OF THE WAR ON TERRORISM WHICH IS THE FINANCIAL AND ECONOMIC SIDE WHICH SUPPORTS THE TERRORISTIC ACTIVITIES...] They have been likely waging this side of the conflict for longer, with greater veracity than anyone is aware of...Mosul is getting all the headlines - but the financial side has been "fast and furious" for sometime now...Huge steps forward allowing the UST offices IN THE CBI.
11-6-2016 Newshound Guru Enorrste Finally, the statement is made that the dinar will takes its place in a "basket of currencies" that contribute to the "vital world exchanges." At present the only currencies that hold this sort of recognition are the dollar, Canadian and Australian dollar, pound, euro, and a few others. By making this bold statement, therefore, the author is re-iterating what we found from Saleh years ago namely that the dinar is going to become a world reserve currency. The only way in which the dinar can take this position is if it is internationally recognized, if Iraq is a part of Article VIII of the IMF Charter, if the value of the dinar is commensurate with that of the world's reserve currencys (worth about a dollar American, more or less), and is supported by reserves that PROVE that it is a strong currency. The current reserves of $40 billion are sufficient to make the currency the strongest in the world at $1 per dinar. Unlike the US, they won't need "the full faith and credit of Iraq" to support their currency. However, in addition to the highest relative reserves, Iraq also has the second highest known reserves of underground wealth in the world. Therefore it is well positioned to take its place as a world reserve currency as long as they stick to the plan. The bottom line for me is that this article, even if it is repeating a plan elaborated over a year ago, is more specific and continues the timeline from that earlier article. 2017 would appear to be the year when this will all truly begin to move forward. Keep your fingers crossed! [post 3 of 3]
11-6-2016 Newshound Guru Enorrste KAP [Guru Kaperoni] has rightly stated...that a minimum of $.10 for the value of the dinar would make it possible to begin removing the three zero notes. This means that we must look for a minimum of a 100 times increase in the value of the dinar sometime during the coming year. Second, the purpose is specifically stated to "support" the dinar and to make it a "competitor in world markets." At this point the dinar is not internationally recognized or tradable. Both of these factors must be eliminated for point number 2 to come to fruition. The only way in which they can "support" the dinar (in terms of value) and make it "competitive" in the world markets is to allow it to float and to rise to the point where the "support" and "competitive" value become real factors. I therefore expect to see the float start shortly after the new year. Third, this move will "serve the Iraqi economy." Clearly a move to a float and an internationally recognized currency will cause imports prices to fall quickly and allow for imports into Iraq more easily. This would, then, be consistent with point number 3 that the plan will "serve the Iraqi economy." [post 2 of 3....stay tuned]
11-6-2016 Newshound Guru Enorrste Article: "Learn the benefits of removing zeros from the Iraqi currency" I think it is time to start getting excited, again. The first thing that I noticed in this article is the follow quite specific statement: "The purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", returned him as "this strategic project will serve the country's economy if it will be inclusion of the Iraqi dinar in the global basket of currencies in the vital world exchanges." There are four things to note here: (1) the large notes wil begin tol be deleted "beginning in 2017"; (2) the purpose is to make the dinar stronger (note the word "support" and the phrase "competitor of foreign currency"; and (3) this will "serve the Iraqi economy"; and (4) the dinar will take its place in the basket of currencies in the "vital world exchanges." Let's look at these one at a time. [First] The large notes will be deleted. This cannot be a LOP because a LOP would not change the value of the dinar, and the other three points above make it clear that the dinar will rise in value. Therefore, there is only one way that the large notes can be removed from the market place without destroying the fragile liquidity that exists in Iraq already: the value must rise enough to make it feasible to remove the large notes. [post 1 of 3....stay tuned]
11-6-2016 Intel Guru ADMINBILL ANOTHER WEEKEND IS ABOUT TO PASS US BY WITH NO RV. BUT...I CONTINUE TO BE TOLD IT IS ON THE WAY... [Isn't "now" also the timeframe that the authors of the plan had spoken of?] THAT WAS MY UNDERSTANDING BUT CIRCUMSTANCES CAN CHANGE FROM WHAT I AM TOLD. HANG IN THERE EVERYONE.
11-6-2016 Newshound Guru rcookie THE FIGHT AND PROGRESS AGAINST CORRUPTION HAS BEEN ONGOING SINCE ABADI TOOK OFFICE....BUT THESE ARE INTENSE STEPS AND COOPERATION BY CBI AND WASHINGTON TO CONFRONT AND ADDRESS THE AUCTION BREACHES...WHILE SIMULTANEOUSLY SETTING UP THE NEW ANTI CORRUPTION AML ANTI TERRORISM DEPARTMENT WITHIN THE CBI TO BE COMPLIANT WITH IMF MANDATES...AWESOME PROGRESS... [post 2 of 2]
11-6-2016 Newshound Guru rcookie Article: "Iraq and its allies and drying financing Daesh" Quote: "The Central Bank of Iraq and through close cooperation with the US side put a black list to prevent funds from reaching the territory controlled by Daesh, and has more than 150 companies today." SO...HERE WE HAVE DETAILS ON THE US TREASURY INVOLVEMENT WITH CBI...TO MONITOR USD SHIPMENTS FOR THE 1ST TIME...TO PREVENT DELIVERY OF USD TO ILLICIT DESTINATIONS...AND DESCRIBES AS TURNING POINT OF FIXING THE FAILURE OF THE AUCTIONS...AND THROUGH CLOSE COOPERATION DEVELOPED THE "BLACKLIST" OF BANKS TOTALING 150 THAT ARE NOW EXEMPT FROM AUCTION ACTIVITY... [post 1 of 2....stay tuned]
11-6-2016 Intel Guru Dr. Clarke Still Right on Schedule...Looks good for an NON-International rate increase BY around Dec. 1st, with an Official International status & Rate BY Jan. 1, 2017, when they officially begin their new fiscal year. The Dong status is the same...could increase at any moment, but it's likely to substantially increase BY Jan. 1st, as well...AND when VN begins fiscal year.
11-6-2016 Newshound Guru rcookie "Parliamentary Finance reveal: 2017 budget will include former oil agreement between Baghdad and Erbil" THE 2017 BUDGET LAW WILL INCLUDE OIL AGREEMENT BETWEEN BAGHDAD AND ERBIL...AND IMPLEMENTATION OF AGREEMENT SIMILAR AS IN PREVIOUS YEARS. EXACT SAME PARAMETERS AS 2016 BUDGET...ONLY NOW KURDS CAN EXECUTE FULLY WITH CEYHAN FULLY OPERATIONAL.
11-6-2016 Intel/Newshound Guru Mnt Goat It has been very difficult to control this corruption. Many ways have been tried. This in part has been the hold up of the launching of the new currency (the lower dinars) and going forward with the currency reform measures, as I am told by my CBI contact. As we know the CBI has already created a scarcity situation with the dinar in the process of the “project to delete the zeros”. They have told us they are ready and fully prepared to launch the lower denoms but had to postpone this effort due until the security situation in Iraq is fixed. [post 2 of 2]
11-6-2016 Intel/Newshound Guru Mnt Goat ...by the implementation of the customs and tariffs law Iraq is now able to track goods and services coming into Iraq. This is one reason why it was so imperative to get this law completed. So in following the proper customs and tariffs procedures it is a way of now matching the imports coming into Iraq to the demand for the dollar in these currency auctions at the banks. So far the demand far exceeds the imports. So where is all the extra dollars going if not to pay foreign debt? We see it is going to fund Daesh/ISIS terrorists and Iranian militia. [post 1 of 2....stay tuned]
11-5-2016 Newshound Guru Kaperoni As we get closer to the end of the year, we should see more informative dinar news if in fact the CBI is preparing to make changes to policy.
11-5-2016 Intel/Newshound Guru Mnt Goat We know they are working very closely with the IMF, World Bank and the WTO to put in place all financial and economic reforms. Why put all these reforms in place if not for a purpose. Certainly we know it is time for Iraq to move out of their “closed economy” and join the “global economy”.
11-5-2016 Newshound Guru Breitling Question: To take the dinar to international status do they have to be article VIII and no more than 2% spread for at least 90 days? They are at international status. Is there a bulletin board somewhere that says we don’t recognize the Iraqi dinar currency? What country gets to say the Iraqi dinar is a currency? You have the most powerful country that’s every existed on the planet that’s go the most powerful currency that has every existed on the planet and we’re the ones who actually produced their currency that they have right now. If you want credibility to know these guys are legit we’re the ones who set it up... Everyone in the dinar community was able to purchase the Iraqi dinar in their country so obviously there is no restriction …
11-5-2016 Newshound Guru Kaperoni Article: "Exclude" the application of a unified Gulf currency in the near term" Quote: "Confirmed economists, that put up a unified currency Lt six members of the Gulf Cooperation Council is unlikely in the long foreseeable future." More good news...for years the Middle East has talked about unifying to a single currency, which if it happened would not be good for us as we want to see Iraq with it's own strong Dinar. The statement "unlikely in the long foreseeable future" is good news for sure.
11-5-2016 Newshound Guru mike Article: "Central Bank: the deletion of zeros in early 2017" Quote: "... the Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project." ...this is a good one. I know we've heard it before but at some point these guys are going to have to make the necessary changes.
11-5-2016 Newshound Guru Kaperoni Article: "Learn the benefits of removing zeros from the Iraqi currency" Quote: "...the Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project." Thats a good one...! High hopes and fingers crossed! We have a bit to wait yet. They need to end the war and clean out Mosul and I am sure they need to pass a few more laws. But this article for sure provides more clarity and confirmation on the plan.
11-5-2016 Intel Guru Delta [...the CBI auctions...for the last month or so have been showing numbers with discrepancy ...some of the numbers are not fully being reported...but hidden somehow?] They are not show the numbers (rate) on the spreadsheet for a while now. Something really is going on. We know they have to do it. They have no choice! They have a plan to do it...3 articles talk about it...It’s possible they are hiding it...waiting for the right timing. We are very, very close. The windows...Nov 7th or Dec 7th...if they want the money from the IMF...they have to do it! Watch and see what is going to happen.
11-4-2016 Intel/Newshound Guru tman23 This is the silent move suspected to be part of the process of lifting 3 zeros... Now in the past salary caps/budget and cuts...numbers worked out to speculating that a rate of 67 cents was in the formula...of course since then a great number of circumstances have entered the picture... The speculation today works out to 76 cents which would be on par with the Canadian Dollar and Australian Dollar... It is this 1305 number that is on the board....in the banks and at the CBI... Been waiting for this EXACT NUMBER to POST... IT was posted last night which in the opinion of "conspiracy theorists"...THE PROCESS IS ON TRACK... And it will without doubt have the 3 zeros lifted at the start of 2017... [post 2 of 2]
11-4-2016 Intel/Newshound Guru tman23 ...I posted back in April...The CBI governor said in several banking meetings inside and outside Iraq that the CBI plan was to maintain the rate of 1,305 through the end of 2016...The statement from the governor had bankers "shocked, disappointed, and not understanding the reasoning and none was provided"...BUT what is speculated is that this 1305 number has a significant role in the "numbers game" and lifting the 3 zeros... The speculation told to those who private message me is the start would have to begin at least 60 days before lifting 3 zeros... Just need to look/watch for unsuspected casual movements... Last night for the very first time in all banks across Iraq the rate posted 1,305... ...the rate fluctuates...it has been 1280, 1285, 1290, 1295, 1300, 1310... But NOT 1305 AND IT HAS posted the 60 days prior to the New Year that was the speculated timeline thought to see 1305... [post 1 of 2....stay tuned]
11-4-2016 Newshound Guru Breitling I don’t believe for one second that you and I will wake up and the very next day it will be a $1.17. They’ll stage it but it will go up and that’s the point. They’ve been telling everybody for years. What are the 3 main things we have to look for to make sure this thing is staged correctly? We watch the note count. We watch the competition within the country with what the dinar is competing against…the U.S. dollar mainly. And the auction floor. And it’s all coming full circle. They’ll be able to add value to their currency. They’ll stage it correctly they’ll be able to participate on the planet. So whatever they are not making in oil they can invest in other business on the planet. That’s how they’ll benefit from it. [Post 2 of 2 ]
11-4-2016 Intel Guru Delta The CBI tried for so many years to control the market rate...but couldn’t. It’s impossible because the USD is so dominate in Iraq. They have to make the IQD very effective and give it the power of purchase. Even when Shabibi was in charge, he couldn’t control it. We all know what the IMF has the right to do. This was the plan from a long time ago.
11-4-2016 Newshound Guru MadDscout [Is Iraq currently in Article 8?] They are working within art 8 but are not fully compliant. [Is the spread part of the problem?] They seem to have a handle on the spread. It is a matter of putting new banking laws into effect across the board which was talked about in a speech at the International Fair held in Iraq.
11-4-2016 Newshound Guru Breitling Iraq has oil...that’s it. So if they’re not making money on the oil they have to get it from somewhere else…right now they are in a restructuring stage. I get asked all the time, "when do you think it’s going to revalue?" It all depends on how far they can go and afford restructuring. Meaning how long can they go keeping their currency low and restructure for cheap? Well guys that’s coming to an end. they can’t do it any longer because of the market and the price per barrel. That’s why you’re seeing all these articles coming out and more and more from the CBI saying “we’re going to do it…we’re going to pull the trigger.” and that’s why people should be very very excited because it’s coming down the road and its not hype. It has to do with they’ve been kind of cornered. Having said that… [Post 1 of 2 stay tuned for the rest of the story]
11-4-20165 Newshound Guru MadDscout ...we are still in a very good place. They are still moving forward on many fronts. We are also seeing ground work being laid for the taxation structure and more evenly applied tarrifs. Much investment starting up in many places. We are watching Anbar being refurbished and all that is going on in Basra, and it's outlying cities. And a speedy push into Mosul. [Seems as though Mosul has to be liberalized from Islamic Terrorism...Then everything else starts to take place?] I can't say as I disagree...I don't say have to...But it will go a long way towards it. We know the CBI wants Political/Social stability.
11-4-2016 Intel Guru Delta We noticed yesterday, the auction details...looks like they are ready to change the rate. This is more and more confirmation that they are very, very close. The rate must change first before they introduce the lower denoms. In June/July, they got the 1st installment from the IMF...but the 2nd installment was supposed to happen before November. ...so what happened? I believe they are waiting for Mosul. The IMF is waiting for them to implement the reforms. They will meet on the 7th of November...but if Iraq isn’t done...they will wait until December 7th. A lot of investors...outside of Iraq is waiting to get in.
11-4-2016 Intel Guru Frank26 Banks in Mosul...are not connected to anything...9 months ago the coalition forces blew up the bank in Mosul...But not all of the banks. So what happened to them. They were secured and TURNED-OFF. If these banks are needed for the Monetary Reform...they can just REBOOT them...because it’s now an E-COMMERCE environment.
11-3-2016 Intel/Newshound Guru Backdoc REMEMBER THE IMF SAID THEIR LOAN REVIEW FOR IRAQ WOULD CONCLUDE ON NOV. 7TH OR DECEMBER 7TH...THIS MONTH OR NEXT...DIGITAL PAYMENTS SHOULD BE UP AND RUNNING! WITH THE COUNTRY CODE (IBAN) IN PLACE, IRAQ LOOKS TO BE READY TO MOVE MONEY CROSS BOARDERS.
11-3-2016 Newshound Guru rcookie Article: "Baghdad gallery .. motionless economic expansion of cooperation with the world" Quote: "Baghdad , the new international exhibition of 450 international companies representing 12 countries came ambitious and wide in the hope of achieving its goals closer cooperation with Iraq" ...A GREAT PRECURSOR TO BAGHDAD 43RD INTERNATIONAL FAIR...FEATURING MORE THAN 450 COMPANIES FROM 12 COUNTRIES... SHOWCASING IRAQI INVESTMENT OPPORTUNITIES FROM ALL SECTORS....
11-3-2016 Intel Guru ADMINBILL LAST WEEK WE WERE GIVEN INFORMATION THAT LEADS US TO BELIEVE THAT WE SHOULD SEE ACTIVITY VERY SOON. THERE ARE OTHERS THAT DO NOT BELIEVE WE ARE QUITE THERE YET STATING THAT THE INITIAL STEPS ARE NOT COMPLETED THAT WILL ALLOW ANY PRIVATE "CURRENCY" TO GET SPENDABLE FUNDS THROUGH THE WEEKEND AND INTO NEXT WEEK. THIS IS NOT A HOLD UP IT IS SIMPLY TAKEN LONGER THAN THOUGHT ACCORDING TO OUR SOURCE. [Are the authors of the plan leaning past the 10th or next week?] I HAVE NOT BEEN TOLD.
11-3-2016 Intel Guru Delta If you go to the CBI website and read their strategy/plan...they need to do the exchange rate. The plan includes 2016! Very significant...very huge! We believe they do have the DATE and the RATE! We believe that we are very close. For those who have Warka bank accounts...they really are in business. Most importantly, the IBAN (which is the identity of that bank)...and my account...I logged in as usual...and noticed something different. You now can see the account number and the IBAN code. That IBAN number...shows they are going international. I was so happy to see that! If they weren’t ready...they could have waited until next year. This is more confirmation....This is solid proof they are going international. All that is missing is the rate.
11-3-2016 Newshound Guru mike Article: "Central Bank of Egypt frees pound exchange rate" Quote: "determine the exchange rate of the local currency will be in accordance with the mechanisms of supply and demand." This sounds like the float type system that most countries use, supply and demand. The good new for Egypt is there are no exchange restrictions and they're in Article VIII. The last Article IV consultation with the IMF had Iraq remaining pegged to the dollar, if they unpeg and go to the supply/demand deal without Article VIII and the restrictions removed I'm betting the dinar will crater to somewhere around 1500-$1, if not lower. There just isn't any demand for the IQD right now, the peg is the only thing propping it up...IMO.
11-3-2016 Newshound Guru wmawhite ...it is always good to ask..."what is it that we know." Most of what we know comes from the Central Bank of Iraq. The most recent was two and a half weeks ago... "The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project...he added that "the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017..." ...other article/opinion pieces, IMO, support or add to what the CBI has indicated what they want to do.
11-3-2016 Intel Guru ADMINBILL THE INFORMATION IS NEITHER POSITIVE OR NEGATIVE. WE ARE SIMPLY WAITING TO SEE WHAT HAPPENS THIS WEEK. BANKERS AND INVESTMENT BROKERS ARE EXPECTING GREAT NEWS THIS WEEK AS I AM. I REMAIN CAUTIOUSLY OPTIMISTIC THAT THE INFORMATION WE HAVE RECEIVED IS ACCURATE. MY DATE WAS THE 1OTH.
11-3-2016 Intel Guru Frank26 The media and parliament is all talking about the Monetary Reform...Economists are telling the GOI to add value to the IQD to solve all of their problems. IMO – Abadi will NOT hesitate...the MOMENT Mosul is SAFE and SECURE/STABLE! He is surrounded by America’s BEST! ...everyone in Iraq is pressuring the CBI to raise the value of the IQD. Abadi is looking for that “perfect moment.” That man could flip the switch whenever he wants. All of this to be reported on the 7th of November...and plan B if it’s the 7th of December. [post 3 of 3]
11-3-2016 Intel Guru Frank26 Dr. Shabibi said he wanted to bring back the value of the 70’s – 80’s. Shabibi said that it depended on supply and demand. Supply and demand is about to happen by the citizens in Iraq. The IMF is ready...in my opinion...and Iraq is getting ready. IMO...a date and a rate is being explained to the IMF right now...on the 7th [November]...or the 7th [December]. Two days ago the finance committee met with Allak (and others) to see if things were improving. Auctions, rate, etc. We believe that is what those meetings were about. They only have to meet on November the 7th and not necessarily December the 7th. December is optional. If they are ready – it won’t be necessary. The meetings must be successful...and is inches away. [post 2 of 3....stay tuned]
11-3-2016 Intel Guru Frank26 Remember what we said about Fallujah? Give us Fallujah and we’ll give you the Economic Reforms? ...And the economic reforms poured out about a week BEFORE they gave you Fallujah. So here we are with Mosul and we’re within a ½ a click from Mosul...maybe closer. We’re almost at the CENTER of Mosul – in my opinion. When it comes to the news...it doesn’t get any better than that. Mosul is very close and...it will bring STABILITY AND SECURITY for IRAQ so they can move forward. We’re looking for a FLAG in Mosul and a FLAG of the Monetary Reform. [post 1 of 3....stay tuned]
11-3-2016 Newshound Guru wmawhite ...keep in mind, that the large notes will be needed in the market place until the prices of goods decrease...but the prices will not decrease until the value of the currency buying the goods increases in value significantly. So, when you are told the delete the zeros project will result in the need for the 50, 100 and 200 IQD notes, then you can assume that there is a change in the value coming soon. The smaller notes will coincide with the larger notes for up to ten years. The most important part of their statements is that the 50, 100 and 200 is expect either by 2017 or the beginning of 2017...and in order for the 50, 100 and 200 notes to work...and change in the value must occur. [post 2 of 2]
11-3-2016 Newshound Guru wmawhite Article: "Iraqi monetary system enhanced the currency of a new dinars" This is what the Central Bank said two and a half weeks ago..."He noted that" the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years, "pointing out that" this period will enable the central bank to withdraw the old currency in accordance with the mechanics will maintain market liquidity." ...ancient coins...(coins/notes)... i.e. the notes you have today. The notes the citizens currently have will be accepted for 10 years. [WHICH IS THE SAME NOTES THAT WE HAVE.] In order for those smaller notes to be put into circulation/market place, the value must change. If the value changes then something will change with the peg as well as the auctions. In other words...these are all tied together...that is why it is referred to as a "project". [post 1 of 2....stay tuned]
11-3-2016 Newshound Guru Adam Montana [...It will soon be time to buy dog tags and that RV would sure help out. And I could sure use some new ham radio equipment...] That sounds like a Christmas wishlist, so hopefully it happens in time. If not, I don't think we're too far away so... GO RVVVVV!!!
11-2-2016 Newshound Guru Kaperoni Article: "Decline in central bank reserves to 40 billion dollars" The CBI is now trying to follow the IMF directive and they are losing reserves as a result of the more liberal foreign currency auctions. The problem is they never stopped the corruption first so all they are doing is fueling the fire at this point. Iraq needs to shut down the money laundering and theft through the private banks before they can solve the auction problem. Otherwise...the reserves will be gone soon. The alternatives are not patches or plugs but sound repairs and changes. IMO, the CBI cannot continue down the same path pegged to the dollar much longer unless they can fix this soon. The alternative is a disorderly exit to a float which may not be what we want to see at this time due to the lack of laws and investors.
11-2-2016 Newshound/Intel Guru BGG [...I've read that Iraq is on the white list and some say they aren't. What is correct?] That is likely a "process" they are in the middle of...value is likely nearer the end - but they MUST have international support...without international support who is there to "accept" their currency?
11-2-2016 Newshound Guru mike Article: "Decline in central bank reserves to 40 billion dollars" No real surprise here, we've known for a couple of years that the reserves will continue to erode unless they make changes. Another six months to a year and the options will disappear like the reserves...
11-2-2016 Newshound Guru Adam Montana MOSUL! Iraq is KICKING BUTT in the "beat ISIS" department... IT'S AWESOME! You're also going to see a good amount of good news about Oil, Parliament, Budget, and more! This is an exciting time! To summarize where we are, I think it's as simple as this: Iraq is making short work of ISIS in Mosul. Once they have a clear victory there, which should be very soon, they have no reason to delay on the HCL, which will be another major milestone for them, and it's a big 'ol downhill snowball effect from there. Did I mention it's an exciting time to be part of this?!
11-2-2016 Newshound Guru rcookie Article: "Auction of foreign currency" new look ... corruption in Iraq." Quote: "The "foreign currency auction", which was created after the US occupation of Iraq in April / May 2003, specifically in the year 2004 by the Central Bank of Iraq, represents a new form of the associated process of money laundering in Iraq, economic corruption..." HERE IS AN ARTICLE THAT OUTLINES THE LINK BETWEEN ECONOMIC AND POLITICAL CORRUPTION AND IN DETAIL...OUTLINES THE BREACHES AND FAILURES OF THE AUCTIONS...INTERESTING EPILOGUE...IRAQ CAN NOT BE RESCUED BY REFORMS ALONE...BECAUSE THE BASIS OF REFORM MUST BEGIN WITH THE TRIAL OF WHALES...AND RECOVER STOLEN IRAQI STATE FUNDS...
11-2-2016 Intel/Newshound Guru Mnt Goat ...the IMF promised a huge long term loan worth billions to be paid in installments over the next 5 years...This issue remaining is CURRENCY REFORM implementation. Iraq was also given one (1) year from Jan 1st 2016 to Jan 1st 2017 to stabilize the security and political situation of Iraq. ...So we can see the pressure is extreme to complete the last of the promised needed reforms and in particular the currency reform and to begin the process once again to launch the new lower denominations. It is the government of Baghdad target not to turn on the new currency until ISIS is gone. They told us by end of 2016 ISIS would be gone. [post 1 of 2....stay tuned]
11-2-2016 Newshound/Intel Guru BGG [Have they prioritized the key investment laws that will set the stage for an international currency and allow capital to flow into the country...?] They have had the Investment and Banking Laws "on deck" for a while now...there is NO DOUBT the IMF has given them "the word"...investors have to have "an exit" - otherwise they WON'T ENTER...the wall of investment income they are expecting - will NEVER HAPPEN... without the investment law...when it is time - BOOM.
11-1-2016 Intel Guru Bruce ...we know Iraq is pretty much done and complete. We are finding that Mosul was taken over bit by bit and the Iraqi flag put up every time they took back portion of the city. We heard there were fireworks yesterday afternoon throughout the country. Iraq did reinstate and revalue their rate. Why are the UN Operational rates not showing? They are not going to bring them up for us until they are ready for us to see them. We look for that to happen anytime, maybe tomorrow. Same thing as with the Forex. The Forex rates are noted in Europe and Asia for a few days now, but we are not able to see them. Again, we will see them when the time for us to see them is correct. We are looking forward also to see the new bank screen rates of currencies in the first basket. The Paris Agreement was suppose to go in effect the fourth of November. It went into effect today! That is big news. The world is gold backed now. This is very good piece of news...It is saying we are really there. We are just waiting until we are notified. The notification to begin our exchanges is the last step in our process.
11-1-2016 Newshound/Intel Guru BGG Article quote: "...predicted the financial advisor to the prime minister appearance of Mohammed Saleh approve the budget year 2017 before the end of this year..." This will answer a lot of issues... I fully expect them to codify the "functional HCL" in the 2017 budget as they have in the past...in essence - whatever the impacts of a true HCL would have been - they go ahead and allocate and draw out such agreements "loosely" in the budget...executing the impacts of the HCL without having to go through the stress of the actual process.
11-1-2016 Intel/Newshound Guru Mnt Goat Emphasis now for us is the progress of retaking Mosul and then moving towards currency reform. In today’s news they are giving us a nice progress report of only after 2 weeks of fighting. So we can see they should be declaring victory sometime very soon over all Mosul area? I firmly believe victory will come before this week is over. We watch and hope.
11-1-2016 Newshound Guru Kaperoni Article: "US-led coalition: Mosul will be soon liberated" Quote: "The battle to liberate Mosul, ISIS last stronghold in Iraq, has been witnessing remarkable progress as they enter their 16th day."
11-1-2016 Intel Guru Frank26 The CBI cannot control the street market rate! Only an increase in the exchange rate can control the street market rate. Give it some power...and they did. 1,300...a slight PIP movement...which is a start. The citizens will be very proud of their currency soon. Will they start at 10 cents? 20 cents? I don’t know the rate or the date...The street rate needs the IQD to go up in value. A gradual increase in their currency is coming...the dropping of the 3 zeros. On plan...on schedule...which is exactly what they told their banks...only the IQD at the beginning of 2017. Take note, the IQD exchange rate may increase, but may take time for it to reach the international world, and I believe that is what we are going thru right now. These are the finishing touches to the monetary reform ...IMO...The free-float rate...will continue to increase...which I believe will be 1 to 1... [post 2 of 2]
11-1-2016 Intel Guru Frank26 Remember when Kuwait said they were not going to revalue their currency...and then they did? Remember when China came out with a full-page ad and told the world they were not going to change their currency – and three days later — they did? I believe this to be very well plotted out...which is what we’ve been studying. The IQD is going to go up in value. [post 1 of 2....stay tuned]
11-1-2016 Newshound/Intel Guru BGG [How does the deleting of the zeros affect out investment if we have all large bills?] ...the "Deleting of the Zeros" program - IS THE PROCESS of raising the value and removing the large notes from the marketplace. ...it is the "effect" you are looking for (BTW - this is that one instance "effect and affect" are ALMOST interchangeable. [Will we be able to cash in the large bills at the increased value?] The "affect" on your investment (if you have these large bills) is you will experience this surge in value... in fact, any size bills will do...it is highly likely you will be able to exchange these bills at an increased value. Obviously - why we are all here. However, none of what I portray is any long stretch - they have written directly on these subject(s).
10-31-2016 Intel Guru RayRen98 Iraq is celebrating like crazy with the complete overtaking of Mosul. That was on the television screens, with articles of military in downtown Mosul, etc. Exciting! ...my sources are saying everything is done and set, just waiting for an announcement. I don’t know exactly what that announcement is, and in time we will learn what impact Mosul will have on this release. It’s still earmarked to come out by the first. If Mosul was an issue, it won’t be now based on what we are hearing and seeing. From what I understand, everything is in alignment and ready to go – we’re just waiting for the push. There is no other information we are waiting for.
10-31-2016 Newshound Guru rcookie Article: "Economist: 2017 budget to meet its obligations with the private sector" ...THEY ARE DISCUSSING THE NECESSARY BUDGET REVENUE & EXPENDITURE REFORMS BEING APPLIED TO SUPPORT PRIVATE SECTOR ADVANCEMENT IN IRAQI ECONOMY...AND ROLE INT'L LOANS PLAY IN BRIDGING DEFICIT SHORTFALLS...THEY ARE TALKING ABOUT THE SUCCESS OF THE 2017 BUDGET IN ADDRESSING BOTH SIDES OF THE BUDGET... OPERATIONAL...AND DEVELOPMENTAL.
10-31-2016 Intel Guru ADMINBILL BASED UPON WHAT WE DISCUSSED LAST WEEK...WE SHOULD BE SEEING MOVEMENT THAT FORESHADOWS THE CONCLUSION OF THIS EVENT AS THE WEEK UNFOLDS. LOOK FOR OUT OF IRAQ AND MOVEMENT IN THE USA.
10-31-2016 Intel Guru Frank26 [via Militia] "[Guru] Delta...studies the CBI website for us...reads every article … interprets them. He pays attention to the spreadsheet...shows key numbers...projected rates...but some fields are blank. Projected rates show 14 to 15 cents...but the 2016 is blank. Now, some are no longer variables...they are now derivatives. So many things...and all before November. We believe...Abadi and Saleh are sending confirmations/ documentations to the IMF within the 10 days that we talked about --- which are coming to a close … all BEFORE November. IMO --- all an indication of their financial reform." Overall they are talking about the Monetary Reform everywhere...and Delta found 3 sources now ...and that’s why we tell you it is legit. The rate of the IQD must go up...and the Lower Denoms must be introduced. [Guru] Delta said that the article when he translated said that this “DID HAPPEN” (past tense) the value of the IQD – the word “yurfaw” (sp) translated means that it did happen. Street value? We’re not sure."
10-31-2016 Intel Guru RayRen98 Last night on Iraqi TV, it was announcing Iraqi forces now have complete control of Mosul. Is this the final step?
10-31-2016 Newshound Guru mike So far Iraq's plan is to borrow their way out but now that the stipulations are required, the plan got complicated. They've wasted two years under Abadi to pass the open market legislation because they thought the world would bail them out. Quit glad handing and get to work boys.
10-31-2016 Newshound Guru rcookie Article: "Muhammadawi: We seek to link Iraq to the economic capital of the world..." Quote: "We are trying to link Iraq's economic capital of the world through a stable and attractive... investment environment, creating ...We put forward the vision of Basra to attract investment on a large scale, and to create a...stable and attractive investment and linking Iraq's economic capital of the world through the stimulus on economic and trade cooperation on international and regional".environment..." HUGE...HUGE STATEMENT... INDICATING THAT THERE ARE EFFORTS TO TIE IRAQ TO THE ECONOMIC CAPITAL OF THE WORLD!
10-31-2016 Newshound Guru Islandg1211 ...the WTO website page on Iraq that clearly shows that Iraq has done NOTHING for years to further their membership. Iraq hasn't even had a working group meeting scheduled with the WTO the past few years. ...the FATF website info...said that they reviewed Iraq in June and they had four more requirements to complete before getting on the White List. So, Iraq is not on the White List, nor will they be by January unless they complete the requirements state. I said last January, Barzani gave a CNN interview and stated that Mosul wouldn't start for months, and it would take months to complete. I posted last New Years that Abadi gave a speech that day and said Mosul would be free "by the end of the year." Iraq has years to go to join the WTO. Iraq has more steps to complete to get on the FATF White List. Mosul was never expected to get done before the end of the year.
10-31-2016 Newshound Guru rcookie Article: "On the Keywords: we underestimated the effects of the financial crisis in Iraq in several ways" Quote: "Systems at the American University in Dahuk province, an economic conference, discuss the financial problems in Iraq, with the participation of senior financial and economic official" THIS IS THE DOHUK CONFERENCE... THEY AGAIN OUTLINE THAT CONTINUED ACCESS TO THE INT'L LOANS ARE DIRECTLY LINKED TO REFORMS CARRIED OUT BY IRAQ TO RECEIVE THE REMAINING $16 BILLION...WHICH THE 1ST REVIEWS TOWARD THE 1ST LEG OF LOANS ($5,3 BILLION) WILL OCCUR AFTER PUBLISHING OF THE 2017 BUDGET LAW...WHERE CONFIRMATION OF THOSE REVENUE AND EXPENDITURE REFORMS WILL RESIDE FOR 2017...THEN IRAQ CAN SAY "SHOW ME THE MONEY"...AND RECEIVE THE REMAINING INSTALLMENTS OF 2016 MONEY...AND NOWHERE... NOWHERE DO THE SBA LOANS ACCESS HAVE ANY TIE INTO A CURRENCY VALUE CHANGE...
10-30-2016 Newshound Guru Islandg1211 The IMF imposed requirements on the CBI to make economic reforms prior to getting another loan installment. The IMF isn't just giving Iraq money. One requirement is that Iraq improve their credit rating. Although, the IMF hasn't stated that the CBI has to raise their exchange, it's hard to imagine that that wasn't discussed. An article today on a meeting between Saleh, Allak and others quotes Allak stating that has requirements from the IMF in order to get more loan installments.
10-30-2016 Newshound/Intel Guru Bluedog Article: "Kuwait issued a clarification about" an Iraqi military movements unusual "near the border" SECURING...THE BORDER FOR WHAT? THAT WOULD BE MY OPINION AND OTHER BORDERS I WOULD THINK SO MONEY WILL NOT ESCAPE B4...WELL YOU KNOW WHAT...ALL IMO.
10-30-2016 Intel Guru RayRen98 Mosul reportedly has been cleared of Isis. The armies have their flags ready and are waiting on Ababi to plant the official flag...the expectation is Tuesday. Maliki referenced on TV as the reason Daesh was in Mosul. Supposedly, the international courts will try him on war crimes. Thousands of citizens are returning to Mosul since it is being declared cleared of Isis. How do these reports affect us? Time Will Tell if they were significant to the public release of the revalued international rates.
10-30-2016 Newshound Guru FrostyTheSnowman CNN posted this... "Thousands of civilians -- many of them women, children and the elderly -- have streamed into central Mosul as ISIS militants retreat from surrounding towns, witnesses told CNN Saturday."
10-30-2016 Intel/Newshound Guru Mnt Goat ...all the indications point in the direction of a massive revaluation in the very near future. But…FIRST we must also see the signs that the CBI is continuing with the “project to delete the zeros”.
10-30-2016 Newshound Guru rcookie Article: "Allawi back to the office and give up the financial dues" Quote: "The President of the National Coalition, Iyad Allawi, on Saturday, for his return to active duty as deputy president of the republic in order to "achieve unity,"..." AMAZING...THERE WERE REPORTS YESTERDAY OF HIS REFUSAL TO RETURN TO VP POSITION...AND KEEP IN MIND ALLAWI...UPON ANNOUNCING HIS RETURN AS VP...HAS NO INTENTION OF RELINQUISHING HIS ALLIANCES PURSUIT OF MINISTRY OF DEFENSE APPOINTMENT...
10-29-2016 Intel/Newshound Guru Mnt Goat The fact is there is none and so no RV... the RV can’t simply happen at any time. It will not and does not work that way. But if we carefully watch the process of the implementation of the new banking reforms and all the measures needed first in order to go international due to the necessity for ease of banking, ease of trade, ease of commerce and measures to combat corruption, then we might have a chance to see how this will lead to a massive revaluation someday soon. [post 3 of 3]
10-29-2016 Intel/Newshound Guru Mnt Goat ...we see that the CBI is optimistic that the when the war is over and country is more stable they can begin the process to “delete the zeros” once again (since they have decreased the supply already of the dinar.. We read many articles on this recently). When the demand increases. They need the momentum to kick start the process. Article quote: “cover of a fierce war waged by the Iraqi army valiant and security services and the factions of the crowd the popular Bible 's central bank has succeeded Iraqi in raising the value of the Iraqi dinar exchange rate against the US dollar in recent days”. So yes according to this article they did raise the value of the dinar already. But they already did it prior to this article being published. The operative word is “succeeded” meaning past tense. So...Where is the new rate on the international exchanges? [post 2 of 3....stay tuned]
10-29-2016 Intel/Newshound Guru Mnt Goat Articles: "Coinciding with the victories of our security forces in Mosul, Central ..alpennek raise the price of the dinar" "Dollar is deteriorating in front of the dinar" First of all they are talking about an improvement of the dinar value vs the dollar meaning from something like 1300 dinar to the dollar back down to 1188-1200... I can assure you these articles are NOT talking about any significant rise in the value of the dinar (like we want), even though they use the term “significant” their meaning of significant is not the same we are looking for. If you follow what the CBI is doing you follow the money. If you follow the money it leads you to the revaluation – a significant rise that we are looking for, BUT...the CBI must follow their planned process to have success in the currency reform...they will NOT just pop out a new rate such as $3.71 or $4.20 to the dinar with the flick of a wand. This simply is NOT the process and how it is going to happen. [post 1 of 3....stay tuned]
10-29-2016 Newshound Guru rcookie Article: "Money experts discuss ways to get rid of the economic crisis in the province and the center" Quote: "The first session included numerous interventions made by Messrs participants from various official economic actors and university professors." LOOK AT THIS MEETING AND THE ACTORS...MINISTER OF PLANNING JUMAILI...CBI GOVERNOR ALAK... FINANCIAL ADVISOR TO PM SALEH...KURDISTAN PLANNING MINISTER DR NABI...MINISTRY OF FINANCE UNDERSECRETARY HANDAL...HEAD OF IRAQI PRIVATE BANK ASSOCIATION ALATERCI...ALL MEETING AT DOHUK UNIVERSITY WORKSHOP TO DISCUSS THE ROLE OF CENTRAL BANK IN RESOLVING ECONOMIC CRISIS IN REGION AND THE COUNTRY...WOW!
10-29-2016 Intel Guru RayRen98 [Re: the "announcement made by the UN" -- if the UN announced that they have RVed what is your best guess of when we should be able to exchange? Isn't that the announcement we have been waiting for?] I would think so, but I haven’t found anything that supports that the UN made that announcement...no confirmation of that. The information is still good; some are hearing things from others that I am not hearing or not getting confirmation for. That doesn’t mean it’s not true, just that I haven’t heard the confirmations. Hopefully all of what you’re hearing is 100% true and accurate even though we haven’t seen it yet, nearly 24 hours later. We’ll just wait to hear. I’m excited about the weekend. Enjoy it! Everyone is still looking at the 1st November for this to come to a conclusion.
10-29-2016 Newshound Guru MadDScout Article: "The Central Bank succeeds in raising the value of Iraqi dinar to us dollar" I want everyone to keep their feet on the ground. We can only ever watch the action. When the action bears this out to be an accurate report, then I will throw a party. [IS this the only source of this sort of news?] No I have seen it in 5 places...5 sources... I am watching with both eyes.
10-28-2016 Newshound Guru MadDScout [Have all of the new ministers been approved?] Not yet...They are looking at the resume's. The COM is now looking through the submitted names...Then once they have consensus it goes to parliament.
10-28-2016 Newshound Guru 1bobby [Have all of the new ministers been approved?] I think next weeks sessions will tell us a lot of where they are as far as Ministers.
10-28-2016 Intel Guru ADMINBILL WE HEARD YESTERDAY MANY GOOD THINGS THAT POINT TO A CONCLUSION OF OUR ADVENTURE WITHIN THE TIME LINE I OUTLINED EARLIER THIS WEEK. [reference ADMINBILL post 10-27-2016]
10-28-2016 Newshound Guru MadDScout [Do you not think that Mosul is the lock, if Basra is the key? Iraq must have security stabilized.] I personally think Mosul is a big factor towards their social stability...And there are a lot of adjustment being made in the post Mosul discussion...There was a visit by the Speaker of parliament today in Erbil...There are what he called "adjustments" being made...and they infer territory and such as has "not been before". [Do you think that will become Kurd territory?] I took it that not all would be happy with the new arangements but they were for the greater good of Iraq. That seems to be what is being discussed.
10-28-2016 Intel Guru Frank26 [...are we in the 3 days till release?] ...3 days...10 days...A month...End of December...We do not focus on a DATE but STUDY these days and their events. Which IMO have been substantial in our evaluation. The RI is INTERNAL and a NEUTRAL event...IOO (in our opinion). The gradual IQD increase is occurring but not familiar to a majority. Yes IOO at any moment they can surprise us...The International Investors... But not until their RI phase is complete and we said the Mosul Liberation is but ONE of these RI Steps.
10-28-2016 Intel Guru Bruce What we know and confirmed to us is around 3pm today [Thursday] the Secretary General of the UN made announcement that Iraq did RV their currency. This counts as the international announcement for Iraq. We could be there within a few hours or a day or so. Not a lot longer for us. Tomorrow [Friday] maybe significant date as far as UN Operational rates being put out. They could be put out or maybe not be seen. They typically put out the rate and be effected the first of the month which would be November 1. Iraq is done, RV announced in the UN today. They hit the rate they intended to hit. We should be at the point of pre celebration.
10-28-2016 Newshound Guru 1bobby [new Guru] Article: "Iraq opens complex "General Electric" technologies in the North Rumaila" [Basra] So now we are seeing the benefits of these contracts that were and have been signed in the previous months. And it's also speaks to adding to the State Treasury. Basra's security is also improving on a daily basis. I know others have called Basra the new Dubai of the Middle East.
10-28-2016 Intel Guru SteveI Article: "Dollar is deteriorating in front of the dinar" I like the article a lot. I had a talk with a few of my guys, and they all agree that it sounds like the process has started but not made official yet. Quote: "CBI succeeded in raising the value of the Iraqi dinar against". ...in the past or previous news they would have said "in the near future", or "coming days or months", etc. To me succeeded means commenced or started. The other part I found very interesting is "a lot and recover the exchange rate of the Iraqi dinar". So just exactly what are the recovering from? ...Are they talking the the 3.21 rate? Another part I found positive is "after the economic scientific plan developed by organizers of the Central Bank of Iraq and new policy pursued by the Central Bank". ...the powerful part is the word "plan". This is something that had to have been in place previously and not just some made up statement for an article. The last thing I found interesting is the wording of "the value of the national currency exchange rate of the Iraqi dinar". I have never seen the word of
10-27-2016 Newshound Guru MadDScout [new Guru] Article: "Iraq opens complex "General Electric" technologies in the North Rumaila" Rumaila that is Basra right? Basra is a new hub of Investment opportunities...a very important hub for Iraq. Basra is...seeing a lot of business interest in recent days. It is very encouraging for the investment.
10-27-2016 Newshound Guru firefly And who was the IMF meeting with for these prior agreements and to be implemented? the team met with Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, Deputy Finance Minister, Dr. Fadhil Nabee Othman, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministry of finance, the CBI, and a representative from the Kurdistan Regional Government. All financial reps! This picture is becoming VERY clear. [post 2 of 2]
10-27-2016 Newshound Guru Islandg1211 Iraq is NOT on the WHITE LIST when in fact FATF states that they have FOUR MORE REQUIREMENTS LEFT. ...in reviewing the FATF website today, it had no reference as to when Iraq would get on the "White List," only the four remaining steps required. Quote from FATF's website: "...Since June 2016, Iraq has taken steps towards improving its AML/CFT regime, including by: addressing remaining issues related to its criminalization of money laundering and terrorist financing; establishing a legal framework and procedures for identifying and freezing terrorist assets; and ensuring a fully operational and functioning financial intelligence unit. Iraq should continue to implement its action plan to address its remaining deficiencies..."
10-27-2016 Newshound Guru Adam Montana [Help me understand why this is taking so long...] It's been a long road for sure! Iraq has overcame many obstacles. They were plunged almost into the dark ages only a short decade ago. Does it seem like forever? Yeah, I agree. But in the grand scheme of it all... they have made amazing progress and when it's all over, it won't seem like it took that long.
10-27-2016 Newshound Guru firefly Press release: "Statement by an IMF Mission on Iraq" Quotes: “Once agreed upon additional information has been provided and agreed prior actions have been implemented, the IMF Board will consider the first review of the SBA, likely in November..." and agreed prior actions have been implemented...Can't get any clearer than that...You folks should be dancing in the streets. Prior agreements to be implemented huh? Love that sentence. Quote: "Once you submit the requested additional information and the implementation of actions agreed presets, the Executive Board will consider the first review of the standby credit agreement, which is likely to be in November or December." and the implementation of actions agreed presets...WOW...These words are what we've been waiting for for so many years! [post 1 of 2....stay tuned]
10-27-2016 Intel Guru ADMINBILL I HAVE SPOKEN TO ADDITIONAL CONTACTS TODAY THAT ARE NOW BEING TOLD PARTS OF WHAT I AM LETTING YOU KNOW...I AM RELAYING TO YOU IS WHAT I HAVE BEEN ALLOWED TO PASS ON... [...are there any more hold ups for the RV?] NONE THAT I HAVE BEEN INFORMED OF AND I DO EXPECT TO SEE ACTIVITY VERY SOON. [Did your info. this evening give you cause to readjust the target of Nov. 10th to sooner?] POSSIBLY...OKAY PROBABLY. BASED UPON WHAT I WAS TOLD TODAY AND WHAT I AM HEARING TONIGHT YOU NEED TO BE READY. I AM FEELING VERY GOOD ABOUT MY CALL TODAY AND SUBSEQUENT INFORMATION FROM OTHER SOURCES TODAY. DONG RATES WILL BE VERY GOOD. AS ALWAYS WE MUST ROLL WITH THE FLOW BUT THE FLOW SEEMS TO BE HEADED TO THE BANK.
10-27-2016 Intel Guru Frank26 I believe we have a good chance this Year ... Hence Christmas would come early... IMO.
10-27-2016 Newshound/Intel Guru Bluedog Article: "CBI succeeded in raising the value of the Iraqi dinar against the US dollar at a critical time Iraq is going through and circumstance and the Iraqi economy under the cover of a fierce war..." THIS IS IN SIMILAR TO WHAT [Guru] DELTA SAID WAS A LEGITIMATE ARTICLE JUST RECENTLY...NICE TO SEE A CONFIRMATION OF THE FIRST ONE...THIS IS GETTING LEAKED AND IMPOSSIBLE TO CONTAIN. [From Guru Delta]: CBI SUCCEEDED RAISING THE VALUE...PAST TENSE...TO ALL IRAQI CITIZEN...MEMO WAS SEND FROM CBI... WAITING FOR OFFICIAL ANNOUNCEMENT.
10-27-2016 Intel Guru RayRen98 It looks like the Budget will have its second reading and then they vote it in as a final piece. We’ll see how that unfolds. Abadi has announced that they are in the advanced stage of retaking Mosul. We saw some information about Iraq being connected to 400 international banks, and you don’t do that without international currency. [ I don’t understand why we are on the cusp of a major revaluation but there hasn’t been one word on any of the media channels. Why is that?] I have no idea why they’re not talking about it. Some things have not been made public yet, that’s why I say “if and when” until it happens. I’m thinking it will happen by the first based on what I am hearing.
10-27-2016 Newshound Guru Adam Montana [...when do we expect to hear if the budget is passed?] ...I feel that it's on pace to be passed by the 1st of the year if not sooner. [Do you think the HCL will be passed along with the 2017 budget and be published at the same time?] They look to be moving at about the same speed.
10-27-2016 Newshound Guru Kaperoni Article: "Currency auction burden on the Iraqi economy" They cannot stop the auctions until they have an alternative which is floating the dinar. And until they can demonstrate that they can manage the spread within Iraq, they will not get the green light from the IMF to exit the peg and move to Article VIII. ...this is the closest we have been to reform since late 2012 when Shabibi was run off. Hang in there!
10-26-2016 Intel Guru Bruce Quite a bit has happen the last 5 days or so. We are in a situation where the actual market rate is quite high, more than we ever thought. The banks are all set, lock down security. Everything is in a go mode. The UN operational rates coming up again to take in effect November 1. At the end of the month they adjust then are visible on the first of the next month. ...in Iraq yesterday now the Iraqi dinar is being traded and trying to get value up. Also the Iranian Rial reinstated their rate. The Dinar and Rial should go together at a value rate. The dinar information was printed in the Gazette and made known in the country of Iraq. The Gazette with this information is not available to us yet. Until we are ready to go, that information will be kept quiet. Iraq is ready, they are complete. Our belief is it is just about our turn to go.
10-26-2016 Intel/Newshound Guru Backdoc REMEMBER, IRAN SAID ITS' FOREX VALUE WOULD MEET A REALITY VALUE IN OCTOBER. WELL, ITS OCTOBER. IT'S SHIA BROTHER (Iraq) IS IN THE SAME PROCESS IMO! "THE DEAL". THE IMF SAID THEY WOULD COMPLETE THEIR REVIEW FOR THE SECOND LOAN DISBURSEMENT ON NOVEMBER 7TH OR DECEMBER 7TH! ENJOY THE ACTIONS OF THE NEXT FEW DAYS MY FRIENDS, "ACTIONS MEAN THINGS"!
10-26-2016 Newshound Guru Adam Montana HCL FINALLY BACK ON THE TABLE! WOOOOOOTTT! And to go hand-in-hand with that MUCH WELCOME news, there is also this: Article: "Oil Minister announces the launch of 12 oil fields for development and investment" Seeing the parliament and ministries seats not yet filled was a little disappointing, but that's just a time issue. If not next week, the following perhaps. And simultaneously we have a strong chance of watching the HCL unfold, become active, and then my friends we are off to the races! I'm not going to call the deed "done" yet, but I strongly feel like we're almost at the point where it could really be "any day". [post 3 of 3]
10-26-2016 Newshound Guru Adam Montana The fight for Mosul is making incredible progress, and I really don't think they are getting credit for it like they should be! After a long run of half-hearted attempts to "attack" ISIS, they are finally doing it RIGHT. I expect to see huge victories in the next week or so, which is going to prop up Iraq's support and credibility in the world, and is taking them where they need to go. I am disappointed to see that Abadi has not been successful in appointing those last few deputies: Article: "State law excludes the resolution of the vacant ministries next week" In fact, unless they directly oppose this ruling, it looks like next week isn't our week either...we're not likely to see an RV this week. However...I saved the best for last! Ready? [post 2 of 3....stay tuned]
10-26-2016 Newshound Guru Adam Montana FINALLY, at the tail end of October, we're seeing the stuff we want. We discussed briefly earlier this month the OPEC push to reduce oil production. There are a lot of reasons for this push, and I'd say 90+% of the member nations understand and agree with it. But here's something interesting... "The head of the National Alliance, said that "Iraq should be excluded from any agreement that aims to cut oil production," attributing it to "the need for Iraq without the other for this exception being locked in a fierce war with Aldaasha terrorism on behalf of the world." Iraq is getting massive support in the fight against ISIS. ...this kind of agreement is a sweetheart deal for Iraq! Speaking of ISIS... [post 1 of 3....stay tuned]
10-26-2016 Intel/Newshound Guru Mnt Goat Article quote: "The prime minister Haider al-Abadi, Tuesday, Iraqi forces engaged in "an advanced stage" of liberalization city of Mosul" Many wonder about the progress of the battle for Mosul. Well the article...is telling us that after only 9 days of fighting they are moving now into the final phase. I totally believe they will be done by the end of this week and move on to the reconstruction and resettlement phases....this does not automatically mean an RV. Does Iraq need security? Yes- and getting rid of Daesh certainly moves them to that goal. But remember they still need the laws passed. They also told us a target timeframe of “early 2017”. We still have not heard any news about re-education to the citizens or the launching of the lower denominations and this we know are the next steps they must take in the final rounds of the process towards any significant increase in the value of the dinar...the final phases of the long 5 year process in this effort to moving to the international exchanges... It’s coming. [post 2 of 2]
10-26-2016 Intel/Newshound Guru Mnt Goat Very good news today to report. Again I say it is moving so quickly. Article quote: "the enactment of the oil and gas law is very difficult", so it need a political agreement for the legislation there must be an agreement between all the parties and after the enactment of the Act." Here come the HCL! Iraqi council of ministers knows they must have a legal law to administer the oil and gas policy in the country. This is much more than just the distribution of the 17% of the oil revenue to Kurdistan. I have explained many times...just how involved this HCL really is. This new law now also includes the Article 140 provisions. So now we see yet more news come out as they are meeting again on this issue and will continue to meet and change the draft HCL until it satisfies everyone and can be voted on. This is needed prior to any RV. It is closed [closer?] than ever and I believe they will be done with this law in the next couple weeks... [post 1 of 2....stay tuned]
10-26-2016 Intel Guru Dr. Clarke Iraq, through the CBI, will post and then announce, a substantially increased rate within the country, which WILL NOT be of International status, to Begin with right away, out of the blocks. We firmly believe they want to coincide this “in-country” rate, and give it enough time to settle in and be manageable, in order to then announce Publicly, an OFFICIAL International Tradable Currency, by JANUARY 1, 2017, which is the official start of their 2017 Fiscal Year - which means, we think this announcement will take place sometime, right BEFORE JANUARY 1st, 2017 - perhaps the Last Week of DECEMBER 2016. This ALL depends now, on whether Mosul is Liberated or not, in order to announce this International status - BECAUSE, if Mosul is Liberated, and if Raqqa is Liberated, THEN THEY CAN ANNOUNCE TO THE WORLD, THAT IRAQ IS TRULY ISIS FREE, SAFE, SECURE AND OFFICIALLY READY FOR BUSINESS. All In our Opinion... [post 3 of 3]
10-26-2016 Intel Guru Dr. Clarke Also, please understand that many other currencies, such as, and especially the VIETNAMESE DONG, have been held at bay, as to it’s value in the marketplace, due primarily to the status of ISIS worldwide, and specifically in Iraq & Syria. The reason, is that, for Everyone to go forward in the most beneficial way, from country to country, market to market, and to be Fully Secure and Safe to transact business... They did not want to risk it before, knowing many have had currencies, awaiting large movements upward. I know, most will argue this is NOT the case, but it is. Watch all the movement, in the weeks and months following the liberation of Mosul & Raqqa, and how some of these currencies will start moving upward in value...and of course, some others will begin a downturn, as a result of world economic balance. [post 2 of 3....stay tuned]
10-26-2016 Intel Guru Dr. Clarke Iraq cannot demonstrate its True, Complete Value in the marketplace, which includes it’s currency value, with ISIS still officially, located and operating within the country. But once, it’s Officially gone, THEN, almost instantly, Iraq’s value in the eyes of the World markets, will skyrocket, from then forward. Until then, they still have Value, but NOTHING COMPARED to when it’s ISIS free. That, my friends, is when you’ll see the Dinar’s International Exchange Rate, truly hit those high numbers, everyone is hoping will occur - but not before...and thus, the wait till Iraq is ISIS free, will have been worth it, and not for some premature very low rate, because their World Value, was minimized, for Security & Safety issues, within the country. This, as well, has been in the “Plan” for Iraq, U.S., and other countries connected with this full liberation, and “Pay back” for time and money spent in the endeavor of Iraq, the past 15 years. [post 1 of 3....stay tuned]
10-25-2016 ***** Dinar Guru Newsflash ***** Guru Frank26 is reporting on an article quoting a source from the CBI saying the exchange rate of the dinar will have a "significant" raise in value against the U.S. dollar over the next few days. This report has now been confirmed by multiple guru camps...so we have a consensus that it's a real article. Does the rate increase the source is referring mean the official CBI exchange rate (1182) OR the spread between the street rate and the official CBI exchange rate (1294) is yet to be seen. Stay tuned as the different gurus interpret the news and this EXCITING story unfolds over the next few days. [Update: Guru My Ladies perspective (see post below on the 24th) is the article has little weight at this time...] The latest guru updates are listed below...
10-25-2016 Intel Guru ADMINBILL [Any rates discussed or at least ranges?] IN COUNTRY RATE IS $3.71 AS REPORTED BY [Guru] RAYREN98. THE BASIC PREMISE FOR RELEASE WILL BE TO KEEP IT AS LOW KEY AS POSSIBLE... THESE GOOD PEOPLE HAVE BEEN TRYING TO GET THIS DONE FOR MONTHS. THEY BELIEVE THEY ARE THERE. WE ARE CLOSE - ON OR BEFORE THE 10TH IS A DAY TO LOOK AT AS A STRONG POSSIBILITY. [post 2 of 2]
10-25-2016 Intel Guru ADMINBILL I AM OFF THE PHONE AND READY TO ANSWER QUESTIONS...MY PHONE CALL WAS WITH ONE OF THE AUTHORS OF THE PLAN WHO WAS GIVEN PERMISSION SPEAK TO YOU THROUGH ME AND ANSWER QUESTIONS POSED TO ME TO THE BEST OF MY ABILITY. [...the Authors are also Implementers?] YES. [...when?] BY NOVEMBER 10TH. [Is the election influencing the release date?] NO... NEITHER IS IRAQ - MUCH OF WHAT YOU ARE HEARING ABOUT IN THE NEWS WAS COMPLETED MONTHS AGO. [post 1 of 2....stay tuned]
10-25-2016 Newshound Guru Kaperoni [why would Iraq depeg or stop selling the dollar and "free float" the dinar? It just doesn't seem likely...] ...is not a choice. It is not something that decided randomly, but an event as part of the CBI's monetary policy. To simplify, the CBI has what it calls a Capital Account...in which investment funds are that come through the banking system end up in. As the Capital Account grows, so does inflationary pressure on the Iraqi economy. As a result, the CBI, must have a more flexible exchange rate (some type of float) to counter this pressure. In other words, as investors and investment comes into Iraq, the exchange rate will rise. [post 2 of 2]
10-25-2016 Newshound Guru Kaperoni ...monetary policy is a set of procedures that the CBI must follow, like all central banks. Their are no short cuts. That being said, the CBI is trying to do what is right and they have an agreement (SBA) with the IMF to achieve those goals...It takes time and it is a process. [...can anyone...tell me why the US would give aid to Iraq without something in exchange, example, US insistence that Iraq stay pegged to the dollar?] The US has said no such thing. The IMF has stated so under the current conditions and that is because they are guiding the CBI through this financial crisis. [post 1 of 2....stay tuned]
10-25-2016 Intel Guru Frank26 The IMF is in business to make money with Iraq. There is no profit at a program rate. I told you, I don’t think we’ll ever see 1 to 1. They might surprise us all with the international rate when it does come out. In the ‘70’s and ‘80’s, it used to be around $2.80. When Saddam took over, it was over $3...and the Gulf Currency is launching around $2.60 to $2.70...which is a fair number to start at. We believe that the IMF may meet on the 7th of November to see if Iraq completed all they needed to do...but IMO...meetings are ongoing now. IMO – the MR consists of the RI...and that is for the IMF. The international world which consists of the Economic Reforms...which is the RV --- (which is not a part of the IMF). The RV is for the international investors. Give us Mosul...and you have the MONETARY REFORMS. Mosul is about 80-90% done. There is NO STOPPING the Monetary Reform. IMO – they are doing everything on time. The timing may frustrate you, but I think the timing is brilliant. [post 3 of 3]
10-25-2016 Intel Guru Frank26 ...within 10 business...(normally 30)...there would be some needed info passed to the IMF or in increase in the rate to qualify with what they are doing within their budget...to do a CURRENCY SWAP with the rate of the IQD against...(possibly) a basket of currencies. We believe the Abadi and Saleh are sending confirmations/documentations to the IMF within the 10 days...which are coming to a close...all BEFORE November. IMO --- all an indication of their financial reform. IMO -- each member of the IMF needs verification...before any change in rate...to be completed before November. IMO – that includes a rate change...that deals with contract goods. The letter to the IMF lets each member within the IMF knows of the rate. The IMF cannot finalize the agreement with Iraq until they see documentation. This will be the FINAL letter to the IMF within these 10 days. It will give the IMF a good idea of when Iraq will raise the value of their currency. [post 2 of 3....stay tuned]
10-25-2016 Intel Guru Frank26 There are things occurring behind the scenes with the Monetary Reform. IMO...countries are interested in doing business with Iraq...and Iraq is paying them ...maybe the IMF is paying them...the international world is doing business with Iraq...and they are paying for their goods. WHOA! IMO -- if that is true...the international world is gaining confidence with Iraq and the new ministers working with Abadi. A week ago, Sunday at 3:03 am Iraqi time...there was the “start” of the operations of Mosul...but I would say it was also the start of international business because they were put on a WHITE LIST. I believe that this TRANSITIONAL RATE that is being used...(not in front of our eyes, nor the CBI...because by law, they would have to tell you they are)...is being used...to bring in these goods. The citizens needed to trust the banks...but the international banks need to trust Iraq and their government. From black, to gray, to white ...(the list)...it means they are UNRESTRICTED! This is the freedom of movement and possibly within their capital...all IMF requirements. This is the Monetary Reform being born in front of your eyes! I believe that a countdown with the IMF started around that time. [post 1 of 3....stay tuned]
10-25-2016 Intel Guru Rayren98 Article over the weekend came out: "Central bank officials confirmed yesterday that the Iraqi dinar . . . coinciding with the liberation of the City of Mosul . . . News of the central bank decided to raise the value of the Iraqi dollar against the USD . . .in the coming view days the Iraqi dinar will have a considerable rise against the US dollar." Is this finally it? That's what we wait to find out. The article said, "changing the value and bringing it up against the USD in the coming few days." And a few days from Sunday, could be tomorrow [Tuesday], Wednesday. We got information over the weekend the last bank (in Mosul) needed to be linked into the system...between Sat. night and today...the bank in Mosul connected to the US system. Citizens being regularly updated on the status of Mosul. Budget was sent to Parliament on Friday. We knew when it hit Parliament floor and when it was going to be voted on. Reporting now that the 2017 budget is approved and published. Now we are awaiting some detail information. Remains to be seen the new rate reflected in this budget.
10-25-2016 Newshound Guru rcookie Article: "Government bonds and safe way to save" Quote: "Imad emirate is a financial reform imperative to resettle capital and attracting private investment, especially investment indirect, such as stocks and bonds, and require the reform process in this aspect a number of basic steps, including the development of the stock market in Iraq to their importance in activating the role of the private sector in the process of development." ONCE AGAIN...HUGE TALK OF FINANCIAL REFORM DRIVING RESETTLING OF CAPITAL AND ATTRACTING FOREIGN PRIVATE INVESTMENT...ESPECIALLY INDIRECT INVESTMENT LIKE STOCKS AND BONDS...AND IMPORTANCE OF LAUNCHING STOCK MARKET ROLE AS PRIVATE SECTOR DEVELOPMENT DRIVER...THAT ARTICLE IS HUGE...HUGE...HUGE...AND TIES IN MUCH OF THE RECENT ACTION AND NEWS WE HAVE BEEN READING ABOUT!
10-25-2016 Newshound Guru mike Article: "The budget bill includes 100 billion dinars Total investment and operational expenses" I'm looking forward to seeing Parliament's response to this budget, reducing staff by 25% and forcing a 5% paycut for all government employees so they can pay the PMU is going to be a tough pill to swallow. In the end, they need to get this passed, pronto. The delays for the second installment of loan money from the IMF is directly related to the 2017 budget, they kept telling Abadi to go back to the drawing board and trim more fat off the budget, and it looks like he's trying. The problem is...Parliament, they use words like "fair" and "need" and "astonishment" instead of "we're broke, this is the best we got."
10-25-2016 Newshound Guru BGG [Do you think we actually need all of these laws in place before we can see a rate change?] I do...just a couple of the more critical ones...Gen Amnesty was one, banking and investment are important to the WB/IMF...obviously. However, they are not much of a "hold-up" - they are on a "fast-track" to getting done. GO RV!!
10-25-2016 Newshound Guru Islandg1211 I've always been of the opinion that the IMF prefers to RV on a Thursday in the Spring, so I'm again looking at the last Thursday in March, March 30 - April 27, 2017, which is after Mosul would be liberated. THE IMF HISTORICALLY HAS RV'd IN APRIL. There's still a lot to get done politically. Abadi has to get his technocrat Ministers appointed. This was scheduled to be done last Spring. The GOI still hasn't passed important laws. The LOI also states that CBI needs to cut out the use of multiple currencies (USD) by "the end of the year." The Kurds have to actually vote in the HCL. Looking at what still needs to get done, Spring 2017 seems realistic, and between now and the RV, we should expect more RV articles appearing. IMO, the CBI can RV with the BIS and IMF's approval at any date and rate. [post 3 of 3]
10-24-2016 Newshound Guru Islandg1211 In any event, prior to the RV, we can expect to see some "peppering" of articles going over the plan to delete the zeroes and raise the value. In the past when Shabibi prepared to RV, he did work the press to educate the people on his plan. In this article, it's stating that the RV would happen once Mosul was freed from ISIS. Liberating Mosul includes a very complex political agreement with the Kurds and most likely, needs to include the HCL law being passed. I was very encouraged when in August an Article 140 territory dispute had a negotiated agreement to split the oil fields. I believe an agreement for Mosul's oil has also been reached but not announced. [post 2 of 3....stay tuned]
10-24-2016 Newshound Guru Islandg1211 Article: "CBI ANNOUNCES RAISING THE VALUE OF THE DINAR" Good to see a new RV Article! It's been awhile - not since ISIS, has the CBI made any serious announcement of raising the value of the Dinar. The IMF's two LOIs, both last December and June, mapped out steps for the CBI and the Minister of Finance to take in order to receive the loans. In the December LOI, the IMF projected that Iraq would join the international world "by mid-year." That was curious because the plan to rid Iraq of ISIS was also being formulated on a timeline with Mosul scheduled for liberation Oct-Winter. The plan to get rid of ISIS has to include the Monetary Reform in order to finally win the peace. Maybe the IMF's plan was just get Iraq ready to RV by mid-year when most of ISIS outside of Mosul was under control at this point, it seems like they have to wait to gain control over the Mosul. [post 1 of 3....stay tuned]
10-24-2016 Newshound Guru My Ladies Article: "ENTRAL BANK TO RAISE THE PRICE OF THE DINAR AGAINST THE DOLLAR!!" YES AND IT WILL RAISE SIGNIFICANTLY...RIGHT NOW THE BLACK MARKET IS AT 1300+ SO THEY WILL LIFT THE RATE TO CLOSE THAT GAP BUT IT WILL STILL NEVER SEE THE POSITIVE SIDE OF A DOLLAR...YOU NEED TO UNDERSTAND THERE IS A GAP BETWEEN THE OFFICIAL EXCHANGE RATE OF THE DINAR WHICH IS 1182 AND THE BLACK MARKET RATE WHICH IS 1300+ DINAR TO THE DOLLAR. NOW IF IRAQ DOES WHAT IT NEEDS TO DO TO CLOSE THAT GAP THAT WILL BE RAISING THE “PRICE” DINAR AGAINST THE DOLLAR WHICH WILL MAKE THE OFFICIAL RATE CLOSER TO THE 1300 BLACK MARKET RATE. THAT MEANS THE EXCHANGE RATE IS GOING IN THE OPPOSITE DIRECTION OF ANYONE HOPING TO MAKE A PROFIT.
10-24-2016 Newshound Guru BGG [...they could go to 500 dinar per dollar and float from there couldn't they. That would more than double the value...] They COULD do a lot of things... but that is not the characterization they've laid out in their official documents. Over and over...IMHO - they've told us what they intend to do. ...it is widely recognized the IQD is "grossly under-valued"... [.86 to 1.18?] I like where your head's at!! [post 2 of 2]
10-24-2016 Newshound Guru BGG [Guru] Kaperoni - Said many times that the dinar will float. The CBI monetary policy must change if they want foreign investors. I agree with the idea that the CBI's monetary policy must change... however, I am not convinced a "pure float" is anywhere close to what they have planned. In fact, several key documents plainly state otherwise. [post 1 of 2....stay tuned]
10-24-2016 Newshound Guru mike Article quotes: "...the parliamentary finance committee revealed on Monday, projected in the budget of 2017, which is estimated B79 billion dinars revenue, in addition to the total expenditure of 100 billion dinars." "stressing at the same time, "deducting a percentage of 4.8% of all employees' salaries and retired, to support the popular crowd and the displaced." I'm looking forward to seeing Parliament's response to this budget, reducing staff by 25% and forcing a 5% paycut for all government employees so they can pay the PMU is going to be a tough pill to swallow. In the end, they need to get this passed, pronto.
10-24-2016 Intel Guru AdminBill Article quotes: "A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal..." "...the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar." I KNOW THERE HAS BEEN SOME VERY INTERESTING NEWS ARTICLES FROM IRAQ TODAY BUT PLEASE BEAR IN MIND THAT WE MUST STAY FOCUSED ON WHAT IS REAL. I HAVE TALKED TO A FEW PEOPLE I TRUST THAT HAVE TOLD ME THEY ARE HEARING THEY ARE NEARING THE END. ...IF THEY GO WE WILL KNOW IT.
10-24-2016 Newshound Guru Kaperoni Article: "Coinciding with the victories of our security forces in Mosul, Central ..alpennek raise the price of the dinar against the dollar" Quote: "...the central bank decided to raise the value of the Iraqi dinar against the US dollar by financial mechanisms fall in its policies for indicating that these mechanisms are subject to the principle of supply and demand in the domestic market...the Iraqi dinar will see over the next few days, a significant rise in price against the US dollar" ...if they are talking about the spread, it is a good thing that they reduce it since currently its 1294 which is way over the 2% requirement. But I do like the words..."a significant rise in price against the US dollar".
10-24-2016 Newshound/Intel Guru BGG I don't know - how with the AVALANCHE of news lately - anyone can be anything be VERY optimistic.
10-24-2016 Intel Guru Frank26 "A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal..." "The source , who preferred not to be named , said the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar." How quickly one's starvation can cause one to forget that only the CBI can make such a statement. Yes...Moments after they give You Mosul it may equal the MR. Note...You have no Mosul yet. So if someone from over there believes in their opinion that the MR is done or announced...Fine...But one should only Trust via Verification from...The CBI. But know this...IMF meetings are within days. Have to admit...Am very Fascinated by this. [Guru] DELTA says it is a legit Newspaper from Iraq.
10-23-2016 Newshound Guru rcookie ...LETS RECAP...WE HAVE THE IFC INVOLVED WITH IRAQ AND DEVELOPMENT PROGRESS...ADOPTION OF INT'L ACCOUNTING CONTROL STANDARDS...IBAN ROLLOUT AND IMF BANKING SUPERVISION CHECKLIST...BANKING REFORM AS THE BEGINNING OF ECONOMIC REVIVAL...ALNASIRI AND SALEH OUTLINING OF IRAQS PEACETIME ECONOMIC IDENTITY... ANNOUNCEMENT OF NEW 2018-2022 NDP...DEPOSIT INSURANCE ACT AND CBI SYSTEMIC LAUNCH OF DEPOSIT INSURANCE...AND INVESTMENT LAWS CONTRIBUTING TO RESETTLEMENT OF LOCAL FUNDS...THATS JUST THIS WEEK...WOW!!..
10-23-2016 Intel Guru ADMINBILL ANOTHER SUNDAY HAS DAWNED WITH NO RV...MY NEWS CONTINUES TO BE POSITIVE BUT, THEN AGAIN, NOTHING EVER COMES OF IT...WE DO NOT KNOW THE DATE OR RATE AND WON'T UNTIL THE EVENT HAPPENS CONTRARY TO WHAT WE ARE TOLD FROM TIME TO TIME. THE LORD HAS BLESSED YOU TO BE A PART OF THIS EVENT WHILE OTHERS HAVE NOT BEEN SO LUCKY...IT IS OKAY TO BE FRUSTRATED.
10-23-2016 Newshound Guru Kaperoni Said many times that the dinar will float. The CBI monetary policy must change if they want foreign investors.
10-23-2016 Newshound Guru rcookie Article: "Parliament postpones paragraph first reading of the draft first amendment to the Amnesty Law" Quote: "The House of Representatives decided today to postpone the first paragraph the first reading of the draft amendment to the Law of General Amnesty Law, to next Monday's meeting."
10-23-2016 Newshound Guru mike Article: "Legal expert: reducing the number of members of the House of Representatives does not need to amend the Constitution" "Euphrates News said the legal expert Tareq Harb, Sunday, to reduce the number of members of the House of Representatives does not need to amend the Constitution." It's kind of funny, the judicial branch just ruled that it was unconstitutional to remove the VP position's but now it's ok to reduce the members of Parliament. The house is on fire and these guys are watering the roses. When are they going to tackle the laws that will move this country forward?
10-23-2016 Newshound Guru rcookie [Would you tell us briefly how the new economic laws secures new revenue for the state treasury?] BECAUSE THE INFLUX OF INTERNATIONAL INVESTMENT WILL GENERATE HUGE NON-OIL REVENUES TO IRAQ...NEVER BEFORE EXPERIENCED...THEY WILL FINALLY START TO SEE SOME REVENUES CONTRIBUTED TO GDP FROM OTHER SOURCES THAN OIL...IT WILL DRIVE THE BANKING SECTOR...ADDRESS UNEMPLOYMENT AND POVERTY...THAT ARTICLES OUTLINE OF THE INVESTMENT...INSURANCE & STATISTICS LAWS ABOUT TO BE CHANGED...THIS IS IT...U N B E L I E V A B L E!!! ...THAT WAS SOME OF THE MOST SIGNIFICANT INFORMATION RELATIVE TO ECONOMIC & FINANCIAL LAWS THAT WILL DRIVE WHAT WE ARE LOOKING FOR...EVER....EVER... [post 2 of 2]
10-23-2016 Newshound Guru rcookie Article: "Economic laws to secure new revenue for the state treasury" Quote: "...seeking for economic and investment commission to push for the adoption of new laws provide new income to the state treasury and is working to develop actually investment in the country." THIS IS HUGE...HUGE...HUGE... AGENCY REGULATORY ACT...IRAQI COMMISSION ACT...CHAMBER OF COMMERCE LAW NO. 43 (1989)...ECONOMIC LAWS SPEED SUBMITTING TO HoR IN SHORTEST POSSIBLE TIME...THIS IS WHAT WE HAVE TALKED ABOUT ...CONCERNING THE CALL FROM IMF FOR ACCURATE...TRANSPARENT TIMELY ECONOMIC & FINANCIAL DATA FROM ALL PROVINCES FOR QUITE SOME TIME...THEY ARE TELLING US ALL THE ECONOMIC & INVESTMENT LAWS ARE CUED UP AND COMING! [post 1 of 2....stay tuned]
10-23-2016 Intel/Newshound Guru Backdoc THE PATTERNS OF SUCCESS ARE ALL AROUND US. CURRENCIES ARE ADJUSTING AS I'VE BEEN SHARING FOR SOME TIME. I SUSPECT THE CHANGES WE ALL HOPE TO SEE ARE CLOSER THAN WE MIGHT THINK BASED ON THE "ACTIONS THAT MEAN THINGS!" ...IMO.
10-23-2016 Newshound Guru Kaperoni Article: "During the first economic conference of the projects directed to put up new investment opportunities in Baghdad and the provinces" private investment is all wishful thinking until they open the banking sector/pass the needed laws.
10-23-2016 Newshound Guru rcookie Article: "Abadi presented to parliament his nominees for four ministries , including the defense and interior" "Abadi nominated both Irfan Hayali of the Ministry of Defense, and Qasim al-Araji for interior and Qutaiba al-Jubouri, Trade and Necmettin enhancer for industry and minerals."
10-22-2016 Newshound Guru Kaperoni Article: "Foreign banks are looking to withdraw from the Iraqi market" More pressure on the CBI to take the next step and open the banking system.
10-22-2016 Newshound Guru Aggiedad77 Iraq...may Peace be with you...as this year winds to a close and the existence of ISIS/DAASH is squashed...may you ring in the new year 2017 with PEACE in mind for all of your country and it's countrymen...A peace that can be shared internationally as you move forward...the pathway anointed with higher oil prices that will springboard your efforts in a way that was unexpected by many...but declared by a few...Breakthroughs indeed for opportunities both within and outside of your great country...let the future be bright for prosperity and peace for all...transitions in so many ways...war to peace...program rate to who knows what...reclusive country to internationally recognized leader... reforms that give way to exponential growth...let it be...all IMO.
10-22-2016 Newshound Guru Kaperoni Most of the articles coming out of Iraq say the progress in Mosul is good...ahead of schedule. I'm not so sure. Much more to come.
10-22-2016 Intel Guru ADMINBILL PERSONALLY I BELIEVE WE ARE CLOSE BUT HOW CLOSE IS THE QUESTION. IT IS DIFFICULT TO SAY OR EVEN GUESS AT THIS POINT. PERHAPS WE WILL BE SURPRISED TODAY WITH INFORMATION THAT WILL GIVE US SOME ANSWERS.
10-22-2016 Newshound Guru rcookie "Planning: Five-Year Development Plan 2018 - 2022 will be different from its predecessors" THAT IS THE $357 BILLION ACTION PLAN FOR DEVELOPMENT PROJECTS BROKEN DOWN BY SECTOR... INTERESTING TO COMPARE WITH PREVIOUS NDP'S...NATIONAL DEVELOPMENT PLAN...THIS IS WHY ONE WOULD INVEST IN IRAQ...THE REASON TODAYS ANNOUNCEMENT IS SO EXCITING IS THE NEW NDP AND THE FACT OF THEM TALKING ABOUT BEING PRIMARILY PRIVATE SECTOR DRIVEN.
10-22-2016 Newshound Guru Kaperoni Article: "Iraq receives a second loan from the International Monetary Fund" [does this mean they have raised the value of the dinar as per apparent requirement or not?] ...the official value of the dinar is 1182. There is no requirement for them to raise the value. The value will rise, only as a result of the CBI unpegging the dinar when the time is right to counter inflationary pressure created by investors and investment in Iraq. They need laws, stability and progress in many areas before that can happen.
10-22-2016 Newshound Guru OOTW As you know, there has been much going on in Iraq; with the implementation of Depositor's Insurance...retaking Mosul, and regarding the prosecution and/or exposure of the corrupt. Today, one of the major Iraqi News Sites, has printed an article calling out collusion between Maliki and Keywords regarding corrupt real estate practices. ...some great govt press releases...re solid movement forward in Iraq...There's much going on with the government...
10-21-2016 Newshound Guru Adam Montana [Security...the control of Daash, and gaining control of Mosul...what importance do you place on these events in regards to any future revaluation of the IQD?] I place them about medium importance, but the fact that there is great progress in the war against ISIS as of late is extremely encouraging!
10-21-2016 Intel Guru ADMINBILL WHERE ARE WE TODAY? ONE DAY CLOSER TO BE SURE. THE QUESTION ALWAYS BEGS TO BE ASKED. HOW CLOSE IS CLOSE? I AM TOLD IT IS VERY CLOSE BUT THERE ARE NO SPECIFIC DATES GIVEN NOR ARE ANY RATES PROVIDED. IT APPEARS THEN AND SOUNDS LIKE WE ARE IN THE SAME POSITION WE WERE IN THIS TIME LAST YEAR AND THE YEAR BEFORE DOESN'T IT?. DEJA VU ALL OVER AGAIN. THE DIFFERENCE NOW IS THAT THE WORLD IS IN A FAR MORE DANGEROUS AND PRECARIOUS POSITION THAN THIS TIME LAST YEAR...I PRAY THAT WE ARE NEARING THE END AS SUGGESTED.
10-21-2016 Newshound Guru Adam Montana [Could you comment on [an] article [that] implies international e-commerce with Iraq is now happening with one company on a consumer retail basis...Could this be a (seemingly) imminent precursor to the event?] Iraq is making amazing leaps in the technological department! I remember 5 or 6 years ago we were talking about ATMs being more widespread, which was important to handle the "physical cash" aspect... we're well beyond that now. Many things were preventing progress from moving quicker, but we are well beyond that and the time is coming!
10-21-2016 Intel Guru Bruce We don’t do dates and rates. Do I know the rates? Yes I know to the penny. I won’t tell you. I can tell you they are going up, moving up, and moving up more. It is just not my job to put them out. As far as readiness is concern, we believe we are in a position to take advantage of this through our exchange process very shortly. Can’t say it is hours or days away, but not going to happen around Christmas. We can see certain things did have to occur. The Paris Agreement, the INDO Declaration, in Iraq with removable of ISIS and the taking back of Mosul, etc. I do believe we are under way what we are looking for. A process rolling out. A slow process. I would look for Iran and Iraq be prominent the next few days what they plan to do. It is imminent and in great shape moving forward. Super position...
10-21-2016 Newshound Guru Adam Montana I have nothing negative to report but I also have no RV to announce... in my opinion, there's a very simple reason: HCL. Now here's the good news: we've seen more on the HCL in the last week than we saw all summer! And THAT has me smiling... Parliament is making moves... - just look at the news... The HCL (oil agreement) is once again a TOPIC... it was NOT a topic for a few months. Are we close? Obviously closer than a month ago, and I can't say "yep for sure this week!", but the direction is good and there are only a few things left. Iraq has the fundamental ability and motivation to RV, and that's something that people either understand or deny. I'm monitoring the situation...
10-21-2016 Newshound Guru Breitling …They had never mentioned to the government or to the IMF or anybody that they wanted to get it to a buck and then they wanted to get it to $3.25…one of the things that’s interesting as they put out the new currency, when I got into it there was an expected rate of between 4 and 12 cents. The next thing you know there was a report put out about how General Petraeus was saying how popular the dinar was getting inside of Iraq itself. Here’s what people don’t understand…they were alarmed by it. It wasn’t a good thing…we basically put more US dollars into their economy. and they started printing even more notes…adding to the note count at the beginning. You had to have faith with what these guys were doing and saying. Shabibi stated they are adding value to it and eventually we are going to take 75% of those notes out and we’re going to add value to the currency and then we’ll change this currency out and make the denominations a lot smaller…That’s the statement he put out there. [Post 2 of 2]
10-21-2016 Newshound Guru mike Article: "Rasheed Bank intends to apply to transfer your money IBAN system" Quote: "Rasheed Bank announced on Thursday its intention to apply the "IBAN" your system to transfer money in and out of Iraq..." The good news about this article is that Iraq is finally engaging the world banking system's and pulling themselves out of the stone age. It doesn't, however, indicate a "internationally recognized" currency in Article VIII is right around the corner. I would bet that 95% of the money that goes through the IBAN system will be dollars that are purchased by Iraqi's at the bank.
10-21-2016 Intel Guru ADMINBILL POTENTIAL FOR A RATE INCREASE FAIRLY SOON HAS IMPROVED IN THE LAST 24 HOURS. THIS IS A HEADS UP. IT IS NOT A TORNADO ALERT. THE YARD IS MOWED. THE CAR IS GASSED UP AND I HAVE A NEW SUIT. I'M READY FOR THE FOOT TO FALL.
10-20-2016 Intel Guru Frank26 ...the IMF has given them an A+ in everything they are doing...and now they are going to reward them with that second loan...that is way ahead of schedule...the white list was way ahead of schedule. ...I am not too worried about the value right now...what we were worried about or concerned about was the note count...because they told you they were lifting the 000’s...you think it is from the exchange rate...we tried to explain it to you...they are lifting it from the streets...so they can lift it from the exchange rate...and I believe they have accomplished this. There are many steps and many parts to the Monetary Policy and IMO I see that they have been accomplished...the IMF has not said one single word about 2017...IMO...the IMF is preparing them to raise the value in 2016...and the other part...Iraq talks about 2017 because that is when Iraq wants to introduce the LD’s...that are affected by the RI that is occurring right now behind closed doors... [post 3 of 3]
10-20-2016 Intel Guru Frank26 Iraq came out and stated they have completed all IMF requirements...For the Financial Advisor of Abadi...Saleh...to come out and say...we’ve done everything the IMF has told us...how bold is that...for the IMF...to actually come out and say we are giving you now your second loan...in about 10 days...that will put us right about the beginning of November...I believe deep in my heart that the Monetary Policy has been launched. This Monetary Reform Plan is from the IMF...about six or seven years ago they put this together with Iraq...the Transition Rate right now is part of this plan...I believe they are doing something with their rate to try and get it to 1 to 1...and they did not write a plan for a LOP...they did not write a plan to stay at a program rate…IMO this Transitional Rate is bringing in commodities into the country of Iraq...and IMO this Transitional Rate is slowly moving up...up...for the purpose IMO to add value to the Iraqi dinar in country...I believe the negotiations that are occurring with this Transitional Rate are going to be seen with more evidence sometime around the second week of November...
[post 2 of 3....stay tuned]
10-20-2016 Intel Guru Frank26 ...these are interesting times...with our investment...we told you that IMO I felt around the 15th of October or just after that date the battle of Mosul would...start...I seriously, truly, and sincerely believe that once Iraq was put on the white list there was a decision made for Mosul...IMO...at 3:03 am on the 16th of this month I believe the Monetary Reform was put into its full swing of completion. The most important thing about Mosul...is that it has given us SS...STABILITY and SECURITY...SS is the reason why we are walking in the direction of the Monetary Reform now...from the nanosecond they were put on the white list...to the moment of the 3:03 am launch to attack Mosul...to begin the battle...those were the beginning of the green lights that have brought us SS now... [post 1 of 3....stay tuned]
10-19-2016 Newshound Guru Breitling "Question: Sounds like they’re having a hard time convincing people in Iraq to have confidence in the Dinar…how can they make them want to use it?" This is the power in knowing what happens to currency…if you know how it got there you can reverse it. Remember what we did. We put US dollars in their economy. Then we did Shock and Awe and their economy collapsed they started to use the US dollar. We printed the New Iraqi Dinar. They started using it. Remember…the dinar count at that time was around 30 Trillion dinar at it’s peak and 9 billion notes max…A report from the IMF said the Iraqi dinar’s real market rate was between 4 and 12 cents and I bought dinars based on that. [Post 1 of 2]
10-20-2016 Newshound Guru Kaperoni Article: "Rasheed Bank intends to apply to transfer your money IBAN system" Quote: "Rasheed Bank announced on Thursday its intention to apply the "IBAN" your system to transfer money in and out of Iraq..." [Surely to transfer money internationally , your money has to be internationally recognized?] The dinar is already internationally recognized. It's a choice by most banks to not accept it and exchange it worldwide because they are still in Article XIV under the IMF. Article VIII of sorts provides a sense of assurance that the CBI meets international standards and requirements (and therefore, makes the dinar more internationally accepted at the banks). What the Rasheed is doing here is a good thing for sure, but Article VIII will also be needed for it to be beneficial to Iraq.
10-20-2016 Newshound Guru Islandg1211 The WTO has a well structured path to membership with each step well defined. Iraq started the process under the Bush Administration, then stopped. There's been NO WORKING GROUP EVEN FORMED. There have been NO scheduled WTO Working Group meetings even scheduled in the past two years. Iraq is NO WHERE NEAR becoming a member according to the WTO website. They were probably closer to becoming a member under the Bush Administration's guidance and influence than they are now. Iraq has gone NO WHERE in 8 YEARS within the WTO ascension process... Iraq literally hasn't held a meeting in eight years... membership ascension is a step-by-step lengthy process. Iraq never even got to the second step.
10-20-2016 Intel/Newshound Guru Mnt Goat ...if it were not for these last 8 years of Maliki administration (2007-2014), Iraq would be 8 years ahead of where it is today. As we are witnessing now the progress Abadi has made in the short time in office we can see the renewed hope for Iraq. Once the corruption and the “will” to clean up the corruption and support the true democratic principles (constitution of Iraq) Iraq can now move ahead. Maybe in the end result this was a very good thing since was Iraq really ready to move to an international currency? [post 3 of 3]
10-20-2016 Intel/Newshound Guru Mnt Goat So eventually the USA did make the needed agreements but these agreements were difficult and needed “kid gloves” to manage. You see it was not just the Abadi government in Baghdad but also the Kurdistan region that needed to have solid agreements in place as to how to handle the new USA occupation of Iraq. So agreements were made with Kurdistan and the Baghdad government as to how to set the new government and to whom will provide the security and take over the region. [post 2 of 3....stay tuned]
10-20-2016 Intel/Newshound Guru Mnt Goat ...the battle for Mosul...As we waited months for the battle to begin, we are now seeing it being played out. ...you should know why the battle to free Mosul has been held up for so long. Many of us questioned this and asked why they don’t just attack and get it done already. USA needed an updated Status of Forces Agreement in place...So in 2014 Maliki was told that for USA troops to come back the USA needed immunity and an updated Status of Forces Agreement. He refused to give them both. Actually it was not until the new prime minister in Maliki’s place, that it was finally negotiated. [post 1 of 3....stay tuned]
10-20-2016 Newshound Guru Kaperoni Article: "Breaking #Iraq Criminal Court issued an arrest warrant ex- #Mosul governor Atheel al-Nujaifi for breach of security."
10-20-2016 Intel Guru ADMINBILL THE NEWS I AM HEARING IS VERY ENCOURAGING. I DO NOT WISH TO SPEAK OF WHAT I WAS HEARING OTHER THAN TO SAY MR. B INDICATES WE ARE VERY NEAR. [Do you know who Mr. B that ADMIN speaks of?] [MR. B HAS BEEN AROUND FOR 6 OR 7 YEARS AND IS EDUCATED ON WORLD ECONOMICS...WHO HAS BEEN SAYING FOR YEARS THIS WASN'T READY TO GO...]
10-20-2016 Newshound Guru Kaperoni Article: "Offensive against so-called Islamic State in Mosul going much faster than planned, Iraqi PM says" Quote: "Haider al-Abadi said the move showed "rapprochement" and unity of purpose between Iraqi and Kurdish forces."
10-20-2016 Intel Guru RayRen98 ...everything is quiet in the banking community and in Iraq. We did have the update on Tuesday about ISIL fleeing to Syria by the hundreds. Does that even have a bearing on what we are waiting for? Some say yes, some say no. Iran says they are going to revalue their currency on 22. October. We’ve always heard that Iran and Iraq will go together, with similar rates. We are at the status quo from Monday; nothing new to get you all excited for this evening [Wednesday], tomorrow morning, or Friday. I am hearing to look forward to Saturday.
10-19-2016 Newshound Guru Adam Montana Ive been watching the efforts to take back Mosul. (It's all over the news). I'm hearing VERY good things from my contacts in Iraq, backing up the positive stuff we are all seeing in regards to the fight against isis. I like it. Also good news is hearing about parliament continuing to hold timely sessions. Next stop... hcl? Let's hope so! ...nobody is giving me dates or rates. I talk to people that are far more connected to the inside workings of Iraq than I myself am, and I'll be blunt - there's been times that they flat out told me "Adam nothing is moving right now." Thats not the vibe right now. ...I'm returning to cautiously optimistic that we will see some major announcements that will either include the HCL or will be obvious openers for the HCL.
10-19-2016 Newshound Guru mike ... crushing ISIL in Mosul is great news, I'm just hoping they can get it done quickly.
10-19-2016 Intel Guru Frank26 Article: "The government issued a system of deposit protection .. Parliament seeks to enacted law "enhance confidence" in the banking system" Another IMF Requirement for the MR being done...Good.
10-19-2016 Intel Guru RayRen98 ON IRAQI TV - 1ST PHASE OF MOSUL COMPLETED, NOW IN THE 2ND PHASE. EXPECT LOAN FROM IMF IN 10 DAYS.
10-19-2016 Intel Guru ADMINBILL ...IRAQ CONTINUES TO MAKE PROGRESS AND THEIR 2017 BUDGET IS ABOUT TO BE APPROVED. IN THE PAST WE WERE ALWAYS TOLD THAT WOULD BE A DEAL MAKER. NEVER DID THOUGH... I AM TOLD THAT THERE ARE GOOD THINGS HAPPENING BUT BY WHOM AND TO WHAT END WE HAVE NO IDEA. MAYBE WE WILL HEAR SOMETHING TODAY THAT WILL PROVIDE US WITH SOME ENCOURAGEMENT THAT WE ARE NEAR A CONCLUSION.
10-19-2016 Newshound Guru mike Article: "Magda Tamimi: keep the deposits of citizens of the Central Bank's mission" Article quote: "The central bank announced in (the seventh of June 2016), for approval of the Cabinet set up a company to guarantee deposits in the government and private banks with a capital of 100 billion dinars, while the company aims to stimulate citizens to deposit their money in banks rather than Aktnazha, confirmed money chunky citizens outside banks of more than 30 trillion dinars." Parliament plans to enact a law to guarantee bank deposits. It's a great start but $85 million isn't much to guarantee 30 trillion dinars. A luke warm gesture by Parliament and the CBI won't cut it, real guarantees for the balance of the account, within limits, is expected. Iraq is in a uphill battle to regain banking credibility...But, who knows, maybe Iraqi's have the ability to forgive and forget and now they'll all flock to the banks with their deposits.
10-19-2016 Intel Guru Frank26 ...over three months ago we introduced to you that you need to pay attention to Fallujah and Mosul...once they give you Fallujah you will have the Economic Reforms...once they give you Mosul you will have the Monetary Reform...I also want to express that they are soon to raise the flag in Mosul... IMO...Mosul...is...was...and shall be an indicator of the Monetary Reform...or should I say of the Monetary Policy...The US Treasury is setting up shop in the CBI and much is going...all of these steps that are occurring are a part of the Monetary Policy.
10-19-2016 Intel Guru Bruce In Iraq a lot has happened the last five days. Iraq, as far as we know has been completed everything except in process passing the 2017 Budget. They are voting on that tomorrow [Wednesday]. If they pass that, the new in country rate for Iraq should be in the budget...Everything else is complete. We are in process of regaining in Iraq Mosul back from ISIS. I also know 6 out of 7 banks out of Mosul were up and running yesterday, able to be online and good to go from what I understood yesterday. We did hear increases of rates in the first basket. We are getting very positive feedback where we want to be at this time. Not calling it... I have heard any moment even tonight. We highly are expectant any moment.
10-19-2016 Newshound Guru rcookie [In your opinion, what stages are they at as far as the PFM and Investment Law.] BOTH HAVE BEEN ADJUSTED AS PER EXPECTATIONS AND AWAIT VOTE...BOTH ARE SO INTEGRAL IN IQD VALUE INCREASE...IN BOTH ATTRACTING/CAPTURING AND RETAINING FDI....AND MEANS IN WHICH THEY PROCESS AND SPEND GLOBAL LOANS AND GRANTS OF FUNDING FOR DEVELOPMENT PROJECTS OF LIBERATED AREAS....WILL NOT BE BUSINESS AS USUAL...
10-19-2016 Intel Guru SteveI Article: "Federal Police forces recapture 56 oil fields from ISIS near Mosul" Quote: "this morning, Iraqi Federal Police forces managed to recapture 56 oil fields from ISIS control near the area of Ain al-Gahsh in Qayyarah axis, south of Mosul.” “Security forces are still achieving progress on all battle fronts to liberate the city of Mosul...” Good stuff!
10-17-2016 **** Dinar Guru Newsflash **** Guru reports began to come in yesterday morning, starting with Newshound Guru rcookie, that the official battle to retake Mosul had begun...since then multiple gurus have confirmed the news and it played on the US news by later in the evening...The gurus agree, Mosul is hugely important to the future of the dinar. Stay tuned as this story unfolds...The latest guru posts will continue below...
10-18-2016 Intel Guru Bluwolf The six month old liberation of Mosul is finally being announced, this is the last wrench that stall our RV. In order to be fully given UN sovereignty a country must meet many a standards ( security, full control of country) is one of them. But no need to worry for as of the 10th all currencies received their full values...we do not know of the when but we do know that its finally HERE...
10-18-2016 Intel Guru RayRen98 Iraqi TV was showing the Isis groups leaving Mosul and fleeing to Syria. They say hundreds are running and small handfuls are left. Peshmerga forces (Iraqi military) are dancing in streets… all villages assigned to them on the first day were liberated, no indication on how many are left. Parliament has the 2017 budget, now waiting for an official response. PM Abadi on TV giving four candidate selections for defense minister, others will be revealed “in the coming days.”
10-18-2016 Intel Guru Frank26 ...in these last three months...I have seen a unification of this country that actually started back in December 2015...things are really gelling and coming together in Iraq...and like I told you...it is for their Monetary Policy...which contains their Monetary Reform and their Economic Reform. ...the next stage...you will see the IMF and Iraq meet once again...it is possible in the last week of this month...or into the first week of November...this change of rates that they are working on...will facilitate the 50, the 100, the 200...the fils which are coins...that are on the schedule to come out in early 2017...in the first quarter...because the 50k notes that were printed last year did their work...all of 2016 for larger transactions for the Transition Rate...and now these LD’s...the 50, 100, and 200...need the change of rate. [post 3 of 3]
10-18-2016 Intel Guru Frank26 ...this white list was not supposed to be done until the beginning part of 2017...it was done ahead of time...and another thing...Iraq cannot go international without them being on the white list...if they have no intentions for 2016 then why is their plan established from 2016 to 2020 and not 2017 to 2020. I am extremely happy...excited... because the start of Mosul...will give us the end of Mosul...which will equal the stability and the security...for the GOI and the CBI and the country of Iraq...which equals many moving parts...all under the same umbrella of reforms in Iraq...their MONETARY POLICY...The Monetary Policy...encompasses two things under the umbrella...their Economic Reform and their Financial Reform...which equals a Transitional Rate...which IMO right now is bringing commodities into the country of Iraq...which will equal a 1000 to 1 rate...which will equal a 1 to 1 rate by lifting the 000’s...to add purchasing power to the citizens currency at a 1 to 1 rate...which will equal the rate to leave Iraq into an international market which will float...to be fueled by the hungry investors of the world...which are more than 170 countries. [post 2 of 3....stay tuned]
10-18-2016 Intel Guru Frank26 ...it has been a day of explosions...throughout the day...constant information... IMO…we really felt that this countdown that we are studying ...started nanoseconds after Iraq was placed on the white list...about 160 or 170 countries around the world...I believe the countries were all in favor of allowing Iraq to come out of its hibernated state...and be a part of the rest of these 170 something countries that are on that same white list. The Financial Action Task Force...FATF..they did not even blink...they said ok... Why is it that all the other countries decided...we want to do business with Iraq...but they haven’t qualified for Article 8 yet...we don’t care...see...these countries are in a Long Line waiting to come into Iraq...many of them have sacrificed a lot of their money...a lot of their manpower...a lot of their time...a lot of their equipment...to plant themselves in the country of Iraq...do you think that these countries are poised right now to do business with Iraq...yes indeed they are...and they have been sacrificing and waiting for a long time… [post 1 of 3....stay tuned]
10-18-2016 Newshound Guru rcookie Article: "Cabinet sends 2017 budget to parliament" Quote: "the Council of Ministers sent the draft 2017 budget bill to the House of Representatives in order to vote on them." 2017 BUDGET OFFICIALLY IN PARLIAMENT...
10-18-2016 Intel Guru ADMINBILL ANOTHER UPDATE DAY INSTEAD OF A GOING TO THE BANK DAY. ONE DAY SOON WE WILL BE THERE. THE IRAQI MILITARY APPEARS TO BE DOING A BANG UP JOB CLEARING THE MOSUL AND SURROUNDING AREAS OF ISIS. AT THIS CONJURE WE DO NOT KNOW WHAT IS HAPPENING. ALL INFORMATION SOURCES HAVE GONE COMPLETELY SILENT WITH THE EXCEPTION OF NEWS STORIES. WE WAIT.
10-18-2016 Newshound Guru Kaperoni ...The CBI has not talked about the plan since late last year (the best I can recall) so I would not get excited that events are about to happen. The IMF's SBA agreement is pretty clear, Iraq is making some progress, yet they are also lagging in many of the agreed conditions. So all we can do is keep watching and hoping...let it come to us.
10-17-2016 Newshound/Intel Guru BGG Article: "The central bank project to delete the zeros will be implemented in early 2017" Quotes: "...the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project..." "...The aim of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency" Huge article. Great Stuff!!
10-17-2016 Newshound Guru rcookie Article: "Parliament postponed its meeting until next Wednesday to lack of quorum" Quote: "A parliamentary source said, L / balance News /, "The House of Representatives decided to postpone its first 23 of the third legislative term of the legislative year, scheduled to be held today to next Wednesday, counting a quorum."
10-17-2016 Intel/Newshound Guru Mnt Goat Article: "Battle for Mosul: Operation to retake Iraqi city from IS 'begins' " I personally believe we could see Mosul liberated within one to two weeks or even less. That is my opinion. Remember also the main reason (given to the citizens of Iraq as least) for Nori al-Maliki not getting a third term in 2014 was that he could not control and defeat ISIS. Now Abadi has to prove he can do it.
10-17-2016 Inel Guru ADMINBILL GOD BLESS THE GOOD PEOPLE OF IRAQ AND THEIR DETERMINATION TO DESTROY ISIS. I EXPECT TO BE RECEIVING INFORMATION AS THE DAY GOES ON. LET'S SEE WHAT SHAKES OUT TODAY. ON ANOTHER NOTE LET ME EAT SOME CROW TODAY AND OFFER MY APOLOGIES..., FOR MONTHS NOW, HAVE STOOD FIRMLY ON THEIR BELIEF THAT WE WOULD NOT SEE AN RV UNTIL THE RECAPTURE OF MOSUL HAS BEGUN OR IS COMPLETED...THEY APPEAR TO HAVE BEEN CORRECT EITHER BY CHANGE OR ACTUAL FACT OF NEEDED EVENT COMPLETION. IN EITHER CASE WE ARE EXACTLY WHERE THEY SAID WE WOULD BE...
10-17-2016 Newshound Guru Kaperoni Though Iraq is slow and often feeble at accomplishment, this initiative tonight to free Mosul is big news! Those looking for hope, progress in Iraq, tonight is the beginning of the end of ISIL in Iraq. Once liberated, the government must act quickly to provide jobs, stability. They must activate the market economy. Once conditions are in place, the world will bring investors and investment to not only rebuild, but catapult Iraq to wealth. I believe the world is waiting to come to Iraq.
10-17-2016 Newshound/Intel Guru BGG So - the HUGE NEWS...Mosul liberation is UNDERWAY...that is a biggie...and with the UST setting up shop in the CBI - it's the end of the "monkey business"...the investment laws are important... the one on the books for Monday (PFM)...etc, etc, are key...
10-17-2016 Newshound Guru Kaperoni Article: "Abadi announce the start of the battle of Mosul and calls for people to cooperate in order to end the battle quickly" Clearly good news.. Let's get it done.
10-16-2016 Newshound/Intel Guru BGG [says @ 7:04 p.m. central time] It's 3:03 AM in Kurdistan - It is being reported the attack to free Mosul is NOW UNDERWAY...Right now... [...this is a very big deal for the stability in Iraq does it help to bring about an RV?] BIG - BIG - BIG deal... I really think this is one of the "Core issues" the IMF/WB/UN wanted handled. [When do you think Battle for Mosul will be over?] part of me wants to think it will go quick - but who knows?
10-16-2016 Intel Guru Frank26 Every country deals with their currency individually... There is no race. But may i ask You ... Where do You find the IMF working hard to RI/RV a currency? Mosul will be announced by A (abadi) ... For the credit will only belong to... A and Iraq.
10-16-2016 Newshound Guru rcookie [Is your opinion has the Mosul battle began?] YES...THERE ARE REPORTS OF IT IN INK THIS MORNING... Articles: "Iraqi army drops leaflets over Mosul in preparation for a military operation"; "Elite Forces" announces full readiness to break into Mosul"; "Army Air destroys the headquarters and stores of weapons to Daesh area Aloossiat Mosul"
10-16-2016 Intel Guru Frank26 [...how do you feel about all the posts about #800 numbers that people are supposed to be getting from a bank to organize appointments with bank managers and so on...?] There are no 800 numbers of any value nor truth at the moment...IMO. [...will the exchange process...in Australia...be complicated or just like any other exchange process...?] IMO ...Aussie banks will follow the same protocol as in USA and other countries.
10-16-2016 Intel/Newshound Guru Backdoc ARE WE SURPRISED TO SEE IRAN REJOINING THE INTERNATIONAL COMMUNITY? AHHH, NO! THEY ARE BEING TURNED ON INTERNATIONALLY THROUGH THE CIPS SYSTEM WITH THE HELP OF THE IMF! THIS IS THE BEGINNING OF THEIR ACTIVATION! IMO, ITS' SHIA BROTHER IS DOING THE SAME PROCESS. (Iraq) WE ARE SEEING ALL KINDS OF ARTICLES TO VALIDATE THIS! MANY THINGS ARE BEING IMPLEMENTED! WE WILL SEE CONTRACTS WITH IRAN AND ITS' SHIA BROTHER GRADUALLY RAISE THE VALUE OF ITS' CURRENCY FROM NOW UNTIL MARCH! WHAT DOES SEEM TO BE CLEAR, IS THAT THE IMPLEMENTATION OF A REALITY VALUE FOR THE SHIA BROTHERS IS UNDERWAY!
10-16-2016 Newshound Guru mike [It's looking like the 50, 100 and 200 will come out early 2017.] ...to do that the dinar has to have value and the only way that's going to happen is if it's internationally recognized and accepted and they stop using the dollar to purchase 100% of their imports. A year and a half ago Keywords said they have a green light to delete the zero's and as far as I can tell, not much has happened other than the AML law. I sincerely hope I'm wrong but I have a sneaking suspicion we're a long way away from watching those zero's fall off the dinar.
10-16-2016 Intel Guru Frank26 IMO ...The TR of the IQD is evolving inside of Iraq via the GOI and contracts to ... Add Purchasing Power for the Citizens in Iraq as a neutral event. From the program rate of 1182 to 1000 to 1 ... To 1 to 1 as they have told us. Then to the International Markets.
10-15-2016 Newshound Guru My Ladies LISTEN FOLKS IF THE GLOBAL FINANCIAL SYSTEM IS MOVING TO A SUSTAINABLE SYSTEM THAN THE FINANCIAL MODEL MUST INTEGRATE ECONOMIES AND THEIR CURRENCIES PROPORTIONALLY. THIS IS NOT A MATTER OF OPINION BUT A MATTER OF REALITY. IRAQ AND ALL OTHER EMERGING ECONOMIES WILL REACT IN THE SAME WAY TO THE CHANGE. EMERGING ECONOMIES HAVE BEEN PREPARING FOR THIS WITH POLICY CHANGES AND BANKING INTEGRATION FOR THE PAST FEW YEARS...DO NOT GET DISCOURAGED... [post 2 of 2]
10-15-2016 Newshound Guru My Ladies IRAQ IS EMERGING, IRAQ WILL BRING A TRADEABLE CURRENCY TO THE MARKET...I AM NOT IN ANYWAY SPEAKING TO VALUE BECAUSE I HAVE NO IDEA WHAT THAT VALUE WILL BE. BUT I WILL GUARANTEE YOU THAT IRAQ WILL BE A PART OF THE GLOBAL REALIGNMENT THAT IS TAKING PLACE RIGHT NOW. THERE IS NO TRANSITIONAL RATE, THINGS DO NOT WORK LIKE THAT AND IRAQ IS NOT IN A BUBBLE EITHER. THEY HAVE TO FOLLOW THE RULES ALONG WITH EVERY OTHER COUNTRY. [post 1 of 2....stay tuned]
10-15-2016 Newshound Guru mike I see zero chance of Iraq ending the auctions in November, if they unpeg now without accepting Article VIII the dinar will drop like a stone, no one wants it, it's not internationally recognized. February, maybe, if they immediately address the IMF requirements and make it happen now, no delays. This is a process, there are no switches or buttons to push, and without measured, visible progress, nothing's going to happen. You don't need a crystal ball to understand the process, the IMF has laid it out in clear, simple and concise terms in the Article IV consultations. It's easier to watch what they do, nothing much ever comes from what they say.
10-15-2016 Intel Guru ADMINBILL TODAY, SATURDAY THE 15TH, IS SUPPOSED TO BE A MAJOR DAY OF RV ACTION. ...HANG IN THERE. I KNOW THE RV IS REAL AND WILL HAPPEN. THE RV IS DEFINITELY IN OUR FUTURE... WE WAIT AND SEE WITH CAUTION...
10-15-2016 Intel Guru Frank26 [After all these years of articles about "deleting the zeroes", I've often seen the question asked but never adequately answered, what does that specifically mean?] IT IS THE NOTE COUNT NOT THE VALUE. They have a plan with The IMF and the IMF does not plan for a LOP...
10-15-2016 Newshound Guru hutch Article: "The central bank project to delete the zeros will be implemented in early 2017" Quote: "...he added that "the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017..." I used to hate to see those articles! But look now and see that budgets are now executable, laws are in place, a new CoM will be seated soon, They are now on the whitelist, UST is in the house...etc
10-14-2016 Intel Guru Frank26 ...this constant projection of the Monetary Reform exploded when they came back from DC...and Abadi brought back a lot of good people to accomplish all of these things...why...because that is the only way they are going to enter Article 8...that is what the IMF told them...that is what Abadi and the CBI and the IMF agreed contractually to do...so when they came back they had a list of things to do...guess what...they did them...the IMF is very pleased with what they have accomplished and they will continue to reward them...if they continue on the process of their Monetary Reform. ...in November the IMF will review this once again and if they did good...well shoot here’s your loan...and...go ahead and finish now...raise the value and come on into Article 8. [post 2 of 2]
10-14-2016 Intel Guru Frank26 Iraq knows what it is doing...Abadi...Allak... the CBI...they all know what they are doing...and the reason why is they are being guided by the IMF...the USA. ...what does the IMF want from Iraq...they want Iraq...the CBI to finish their Monetary Reform...by lifting the value of their currency... ...in these last two weeks corruption has been corralled... Zebari gets kicked out...the budget gets into position...the laws are not being amended anymore but are being used...taxes and tariffs being collected by the Kurds at their border...Maliki and his buffoons have been literally melted down to nothing...every time you see an auction it is less and less and less for them to steal...because the groups that came from the UN were very sharp...they were specialists... [post 1 of 2....stay tuned]
10-14-2016 Intel/Newshound Guru Backdoc ...WITH PARLIAMENT MEETING MONDAY, RECENT HOLIDAYS THAT CAME OUT OF NOWHERE, MOSUL IN CONCLUSION, CBI DISRUPTIONS, THE IMPLEMENTATION OF THE TARIFFS AND TAXES, AND AUCTION CHANGES, I’M VERY OPTIMISTIC ABOUT THE PROGRESS OF THE MONETARY REFORM...IRAQ HAS FOLLOWED THE LETTER OF INTENT TO THE TEE. VERY SOON IRAQ WILL BE ALL ABOUT DIVERSIFICATION OF THEIR ECONOMY AND THEY WILL BE ON THEIR WAY TO A HUGE SUCCESS. ALSO, WE HAVE TO REMEMBER THAT U.N. OPERATIONAL RATES ARE PUBLISHED ON EVERY 15TH OF THE MONTH! THESE ARE VERY EXCITING HOURS WHILE WE WAIT FOR THE COMPLETION OF MOSUL! ...KEEP ALERT AS ALWAYS!
10-14-2016 Intel Guru SteveI Articles: "The central bank project to delete the zeros will be implemented in early 2017" "Central bank: 2017 will see the issuance of a new monetary categories" ...two more articles to back this up in the initial post. Now this is getting exciting hearing this from many sources. [reference Guru SteveI post 10-14-2016]
10-14-2016 Intel Guru ADMINBILL ANOTHER DINAR WEEKEND IS UPON US. IS THE END IN SIGHT? SOME SAY YES AND SOME SAY NOT YET. MAYBE LATER THIS YEAR OR EVEN IN 2017. DEADLINES COME AND GO. OTHERS SAY THE RV IS HERE WHILE STILL OTHERS SAY THAT SOME IRAQI’S ARE USING THEIR CARDS AND THE RATE IS $3.71. THEN THERE ARE THOSE THAT CLAIM NOTHING WILL OCCUR UNTIL MOSUL HAS BEEN RETAKEN AND IRAQ IS STABLE. FOR THE RECORD...I DO KNOW THAT THE RV IS CLOSE AT HAND. THERE WILL BE ONE INTERNATIONAL RATE AND WHEN IT OCCURS IT WILL NOT BE IN IRAQ ALONE IT WILL BE INTERNATIONAL AND AT ACCESSIBLE FOR EVERYONE ACROSS THE WORLD AT THE SAME TIME.
10-14-2016 Newshound Guru rcookie [...justice and accountablility (A & J) and oil and gas laws not ready for a vote or just being held back for now?] A & J IS CUED UP......AND BY ALL ACCOUNTS...THERE WILL BE AN OIL AGREEMENT BETWEEN BAGHDAD & ERBIL IN 2017 BUDGET LAW...JUST AS THERE WAS IN 2016 BUDGET LAW...AND THERE WAS SOME FURTHER NEWS...OF THE A & J LAW NOT CONTAINING ANY AMENDMENTS PROVIDING IMMUNITY TO MINISTERS OR PM...REMEMBER THEY JUST COMPLETED THE IMF MEETINGS FROM OCT 6-10TH...1ST SBA REVIEW...WHICH IS WHY THE AMENDED 2017 BUDGET LAW IS SITTING IN PARLIAMENT FOR READING & VOTE...IN OCTOBER...
10-14-2016 Intel Guru Frank26 IMO the TRANSITIONAL RATE started seconds after they were ... WHITELISTED... IMO the next two weeks will show HOW the IQD is being used by the IMF and Iraq. They do NOT have to EXPLAIN anything until the CBI has the new rate for the International markets...
10-14-2016 Newshound Guru rcookie Article quote: "Parliamentary Legal Committee, announced on Wednesday that the Federal Budgeting Act of 2017 will be on the table in the House of Representatives next week." SO...HERE FURTHER CONFIRMATION OF THE AMENDED 2017 BUDGET LAW WAITING FOR PARLIAMENTS RETURN ON TUESDAY...AND ...THIS IS THE IMF'S INSURANCE POLICY AS TO IRAQS CONTINUED ADHERENCE TO THE ECONOMIC REFORM MEASURES OUTLINED AND AGREED ON FOR THE SBA APPROVAL...ALL SPELLED OUT IN THE BUDGET LAW...100 % EXECUTABLE...JUST LIKE THE 2016 LAW THEY ALSO CO-AUTHORED... [tuesday will be a great day!] AGREED!!
10-14-2016 Intel Guru Bruce I don’t know dates or rates, but I do believe this is still our week even though we are coming up on the weekend. Don’t be dismayed by that. I am very excited where we are right now and where we should be by the end of the week. The 13th is usually the date for UN operational rates to change. I understand they may have posted the same. That is okay. The effective date of the change is usually the 15th which is Saturday. Hopefully we will see changes occur by then. All the rates are good, way better than we thought they be even two years ago. We are still looking for one or two announcements. Maybe that is all we are looking for. Time is right we could see this go through any moment... we are almost at the very end. Any day now.
10-14-2016 Intel Guru SteveI Article: "The central bank project to delete the zeros will be implemented in early 2017" Article quote: "The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project." ...this is a great article...and regardless of how they do it, they are going to do this in the very near future.
10-13-2016 Newshound Guru rcookie INSERT NEW PUBLIC FINANCIAL MANAGEMENT LAW HERE. [THE PFM IS A BIGGIE.] YES IT IS...AND ON THE TABLE FOR READING AND VOTE UPON PARLIAMENTS RETURN...PFM HAS MORE TO DO WITH THE MICROMANAGEMENT OF DEVELOPMENT FUNDING PROJECTS AND ASSURING THE PAST ECONOMIC TAMPERING AND WASTE OF PUBLIC FUNDS OF ALLOCATED MONIES EARMARKED FOR THESE PROJECTS...IT'S AN END TO THE TOXIC SYSTEMIC FAILURES...THAT HAVE LEFT THE CITIZENS WANTING FOR ESSENTIAL SERVICES AND ECONOMIC DEVELOPMENT. THOSE ESSENTIAL SERVICES AND INFRASTRUCTURE IMPROVEMENTS WILL EMOTE STABILITY AND CONFIDENCE IN THE INT'L INVESTMENT COMMUNITY...IT WILL ALSO IMPROVE THEIR WB "EASE OF DOING BUSINESS SCORES AND RANKINGS"... [post 2 of 2]
10-13-2016 Newshound Guru rcookie Article quote: "Finance Committee in the House of Representatives confirmed on Wednesday that the financial umbrella provided by the agreement with the International Monetary Fund and World Bank, which will contribute to the creation of "radical reform" of the Iraqi economy..." SO...HERE THE ANNOUNCEMENT OF INTERNATIONAL FINANCIAL UMBRELLA FROM WB & IMF TOTALING $18 BILLION (TOTAL 20 BILLION) THAT WILL CREATE “RADICAL ECONOMIC & FINANCIAL REFORM” IN IRAQ AND IMPLEMENTATION OF INFRASTRUCTURE PROJECTS... CREATE RADICAL ECONOMIC & FINANCIAL REFORM! BOULYAAAH! [reference rcookie post 10-13-2013] [post 1 of 2....stay tuned]
10-13-2016 Newshound Guru Adam Montana [...do your contacts have any idea if the DInar will ever RV?] ...nobody knows if it will ever hit, much less exactly when. I'm not throwing my hand in yet! I'm very positive on the recent progress.
10-13-2016 Intel Guru Randy Koonce I know a bunch of you believe there will be a basket going but that is not right. There will be different ones going, but they all will be within a month or even two. And, we do not know which way they are going except that of Iraq... and there is a strong chance for the Iran Rial...I need everyone to breathe and do not get anxious and do not give up even if it keeps going...Iraq will have to do those things I listed above and cannot do any of them without an RV....We are close.. Every large bank will exchange... RELAX the RV is coming...Breathe... [post 2 of 2]
10-13-2016 Intel Guru Randy Koonce Iraq wants to RV, and they tell us this all the time in the paper...They will tell us they are opening the budget, but do not. They tell us they are going to start the Tariffs, but they don't. They tell us that they are getting loans to do massive building, but for some reason there is still nothing going on...They keep telling us that they have approved the oil law... but they never enact it...And after this repeated pattern of information, they then sit quietly for a while and they start the whole process up again. OK. So, what is the one Key that is required to do all these things? The RV! Why? Because it takes money that is worth more than the paper it is printed on. So even tho you are disappointed it has not happened yet, there is one more common 'key' that is mixed in with this repeated process. And that is Obama... He has a reason for not doing it just yet, and he has kept Iraq and the world at bay with this RV...We have information that comes from good sources; it is the best we can do. [post 1 of 2....stay tuned]
10-13-2016 Intel/Newshound Guru Mnt Goat Remember the e-dinar? ...Iraq is now entering into the first phase of the project implementation as announced this week. I feel this is the beta test before they open the e-dinar up to all of Iraq. This will mean an end to the corruption associated with payment of salaries and maybe some of the funds will not get in the hands of the people. This all good for Iraq and is yet another one of the goals set in the MOU last January with Iraq by the IMF. This is exactly the progress we need to see. We also heard in previous news they intend to load each card with up to 10 million dinar ($8,400+ USD).
10-13-2016 Intel Guru ADMINBILL SHORT AND SWEET THIS MORNING. INFORMATION (RUMORS) SUGGEST THAT THERE MAY BE SOME SORT OF DEADLINE THAT NEEDS TO BE MET FRIDAY. OTHERS MENTION SATURDAY. WHAT DOES THAT ACTUALLY MEAN? THERE IS A POSSIBILITY OF CONTRACTUAL REQUIREMENTS THAT NEED TO BE CONCLUDED.
10-13-2016 Newshound Guru rcookie Article: "The IMF praised Wednesday progress made by Iraq in implementing economic reforms." SO...HERE ONCE AGAIN FURTHER CONFIRMATION ON IMF SATISFACTION OF IRAQS ECONOMIC REFORM ACTIONS...WHICH WILL BE TRANSPARENTLY DISPLAYED FURTHER WHEN THE 2017 BUDGET LAW IS MADE PUBLIC OPENING THE WAY FOR THE HUGE SBA UMBRELLA...
10-13-2016 Newshound Guru Aggiedad77 [Iraq is broke, and borrwing money from everyone..how could the Iraqi banks ever change to $3.71?] MY TAKE ON IRAQ AND THE NEED TO BORROW MONEY (USD?) IS THE REQUIREMENT TO STAY SOLVENT. ONCE THE RV TAKES PLAY THE VALUE OF IRAQI DINAR THEY HOLD IN THEIR VAULTS WILL MORE THAN COVER ANY LOANS. RIGHT NOW, IMO, IT IS ALL A SHELL GAME.
10-13-2016 Intel/Newshound Guru Mnt Goat Article quote: "IMF for Member States pledged to the International Monetary Fund to revive global trade and promote government spending and the removal of restrictions that inhibit the business sector in order to support growth." To me this is so very important because it is telling us that global financial officials want the dinar as the means of payment for ease to trade with Iraq on an international level. ...but how can they keep going to the auctions to exchange dinar for dollars to conduct trade? You see they must get out of their “closed economy” and the financial experts this week told them this must be done and be done soon. How much longer can they wait. ...remember that Iraq goes for a review before the WTO on their application for full membership in November. I also want to remind everyone there is extreme pressure coming from neighboring countries in the middle east with Iraq to get out of this “closed economy” as it is hurting their trading partners. So its not even just the international financial community but neighboring trading partners as well.
10-13-2016 Newshound Guru Kaperoni Article: "Iraqi cleric Sadr calls for protest against Maliki's comeback" Quote: "Powerful Shi'ite cleric Moqtada al-Sadr on Wednesday called for a demonstration against a Iraqi court ruling that returns his bitter rival, ex-prime minister Nuri al-Maliki, to a vice-presidential position."
10-12-2016 Newshound Guru Aggiedad77 I am having one of those "feelings"...we stand before that locked door...all of a sudden...we can hear clicks and clatters...bolts being thrown...then hinges creaking...the door frame bulges...it's a fat lady for sure...but what happens is hopefully historic....Praying that what flows through is just so totally full of MR...hot...red hot lava flow of the MR...Monetary Reform that is...not the beginning thing either...but rather instead the whole enchilada...
10-12-2016 Intel Guru Frank26 i ...We ...Will be in RED dress tonight ...(For red Hot?).
10-12-2016 Newshound Guru Adam Montana ...to dispel a little rumor that was running about the Dinar Airwaves over the week... according to my most reliable sources, Maliki is not going to be returned as VP or any other significant role. I'm sure this isn't the last we will hear from Maliki, because he has nothing to lose by continuing to file motions, appeals, requests, etc... but I really don't think we need to worry about him for the present time, or the near future.
10-12-2016 Newshound Guru Kaperoni Articles: "Economic calls to cancel the auction currency and an end to the phenomenon of «money Moadh«" "Why collapsed the Iraqi dinar .. Economists call for the central bank to answer" The way I read all these cries, they are pushing for the CBI to move monetary policy forward...Like we have discussed for so long...the CBI needs to exit the peg and float the dinar. Unfortunately, as much as I agree, the government's inability to lay the groundwork (pass laws) is holding all these reforms up.
10-12-2016 Intel Guru SteveI [CBI Site Down?...Today, 11:16 AM] It could be a number of things. Please do not read anything into this.
10-12-2016 Newshound Guru Adam Montana 4. But, to get to my reason for reigning in *some* of my optimism for this month... we still don't have an HCL or much news about it's implementation. It's great that Oil is going the right direction. It's awesome to have the IMF praising them, it's fantastic that they are making timely progress on the 2017 budget, but... without that HCL, I have to go back to "cautiously optimistic" at this time. On a more positive note, it's widely believed that the HCL is pretty much done and it's only a phone call away from being published in the Gazette and made official. That could certainly happen any day, even today or tomorrow! But until it's done, or we hear more about it, we remain patient. [post 3 of 3]
10-12-2016 Newshound Guru Adam Montana 2. On the topic of oil prices, Iraq is very much involved in the recent OPEC movement to control production and get the prices moving back up. As of Monday, oil hit $53... The head of BP says he is expecting $55-70 coming soon. This stuff isn't written in stone, but it's certainly a good indication of the efforts being taken, and Iraq will certainly gain confidence as a result. 3. Also cheering for Iraq and basically giving them a big ol' green light is the IMF. It's important to understand that the IMF can't force them to RV, or stop them from doing it either, but when they have the IMF on their side, it's a great thing! [post 2 of 3....stay tuned]
10-12-2016 Newshound Guru Adam Montana Around the end of August I had mentioned my slight optimism for September and greater enthusiasm for October. With October almost halfway over, I'm forced to reign in some of my enthusiasm... but not all. Here's my latest thoughts: 1. I believe I was mistaken recently when I mentioned the budget was set based on an anticipated $60 ppb... according to this report, it was actually set at $45, which is probably only slightly off from the year-to-date average! You all know I don't place a lot of importance on the "Budget", as they release it to the public, but for them to continue showing this kind of control over their assets and finances is a GREAT thing for the world to be able to place confidence in a big increase in the value of the Iraqi Dinar. This year's budget was completed and published right about the 1st of the year, which was a huge improvement over the previous decade. As of right now, they look to be on pace to do it again, or maybe even earlier! Again, this is exactly what they need to be doing in order to do an RV and most importantly, support the higher rate. They are doing great at this! [post 1 of 3....stay tuned]
10-12-2016 Intel Guru Frank26 So right now the CBI with Allak and Abadi...IMF, UST... they know what they are doing with the Monetary Reform and the control of the exchange rate of the Iraqi dinar...and do you remember what they have already said...that I want a gradual increase...IMO all of the recommendations from the IMF to the CBI are being accomplished ...so we look for the next step to come from the CBI...and by the way...Allak even came out and said...in the reports that we have...in Arabic...he said yeah we know to do this before November...raise the value of your currency ...before November...ever since that meeting...in Amman, Jordan...with the CBI and the IMF...the CBI told the IMF...we’ve done all the regulations...we are done...and we will implement before November... [post 3 of 3]
10-12-2016 Intel Guru Frank26 ...the CBI and Allak have said that clearly they want to increase the rate gradually...we...feel that they are doing that...without telling anybody...the market street rate actually dropped over the week...it was at 1309 and it is at 1295 right now...the market rate dropped for the 2% compliance that the IMF wants...they are constantly doing something with the value of their currency...IMO. I am of the school of thought that they will come out 1 to 1 in the country... Allak and the CBI and the IMF have a plan and they are following it...they are following it step by step. Mosul is the big lady that sits in front of us...when they finally do liberate Mosul you are going to see the Monetary Reform right in front of your eyes IMO. [post 2 of 3....stay tuned]
10-12-2016 Intel Guru Frank26 ...there was...an important meeting on the 7th, the 8th, and the 9th...and we told you it was with the IMF and the US and we told you within that meeting there would be a lot of...reviewing of what they have done with the Monetary Reform. ...this came out in a documentation where the IMF said...we are working with the CBI...we are working with Iraq...but I am here to tell you...we are not going to put it in any report...anything that we consider sensitive information...we are not going to announce it to anybody...the things they are doing with the Monetary Reform...they may not be privy to us right now. [post 1 of 3....stay tuned]
10-12-2016 Intel Guru Bruce Intel the last couple of days have been very light. Not totally dark, but very quiet out there. We did get some good Intel the last couple of days. Some of it is unfortunately can’t talk about. some a little too specific. The one thing I am very aware of is it suppose to have gone even from what I understand last night. There were a few things that came up that stopped it. Just be prepared for anytime now. AS far as what I am hearing specifically we have a very high percentage change it can go tonight and for tomorrow. We had a large meeting of the IMF and World Bank group from 0ctober 3 and completed on October 9th. It was decided a go time. We are looking very solidly for any moment now. We heard the rates may have made a move upward...
10-11-2016 Intel Guru ADMINBILL International activation began today. Tested in Asia until now. Totally in sync with Swift transactions making it international between ALL countries today.
10-11-2016 Newshound Guru mike Article: "Rumor and National Economy" ...the GOI is struggling to make payroll, it's difficult for the citizens to withdraw their money from the banks and the dinar is worth almost 10% less than face value...All three of the "rumors" above happen to be true... Until Iraq tackles the corruption, stops the sectarianism and delays economic and monetary reform, nothing will change. No one will trust and engage the banking system, they'll continue to hoard what little money they have because of government instability and seek the dollar as a safe haven for their earnings.
10-11-2016 Newshound Guru Kaperoni Article: "Ex-PM Maliki making comeback as Iraq's most powerful man" I think much of this is propaganda since Maliki has been the most powerful man all along. If he gets the VP position back it changes nothing since the position has no effective decision making power and is ceremonial in nature.
10-11-2016 Intel Guru ADMINBILL ALL CONTACTS AGREE THAT THE EVENT IS CLOSE AT HAND. I AM SURE TODAY WILL BEGIN QUIETLY, AND BECOME MORE ACTIVE AS THE DAY PROGRESSES... ...THE IMPLEMENTATION OF THE CHINESE INTERNATIONAL PAYMENT SYSTEM (CIPS) THIS WEEK...IS A VERY IMPORTANT STEP, AND WILL PLAY A SIGNIFICANT ROLE IN WEALTH TRANSFER AND MANAGEMENT WORLDWIDE AS CIPS IS USED IN PLACE OF SWIFT, OR IN CONJUNCTION WITH SWIFT...
10-11-2016 Newshound Guru Kaperoni Article: "Why you must stop the currency auction?" They cannot end the auctions until the economy, and banking system are ready for the transition. Leaving a monetary policy that is closed is difficult, especially with so many corrupt Iraqi's trying hard to stop it. But if Iraq ever wants to diversify, and invite global investment, they need to work towards Article VIII and the float...and the sooner the better.
10-11-2016 Newshound Guru rcookie Article: "Federal Court: Reply decision to abolish the positions of president of the republic does not mean their return" IT IS NOT A DOOM AND GLOOM DEVELOPMENT...IT MEANS THAT THE PREVIOUS RULINGS AND APPEAL DECISION CONCERNING ABADIS ELIMINATION OF 3 VPP'S WAS OVERTURNED BY FEDERAL COURT TODAY...BUT DOES NOT NECESSARILY MEAN A RETURN OF NAJAAFI...ALLAWI OR MALIKI... DOES ANYONE THINK THE US OR THE REST OF THE WORLD IS GOING TO ALLOW FOR ABADIS REGIME...REFORMS AND PROGRESS TO FAIL...JUST READ THE DAILY STATEMENTS OF UNWAVERING GLOBAL SUPPORT...AND MORE IMPORTANTLY US POLITICAL AND MILITARY SUPPORT....FOR ABADI...IRAQ REFORMS AND PROGRESS...
10-11-2016 Intel Guru ADMINBILL ...IT IS NOT INCONCEIVABLE THAT IT COULD MOVE INTO NEXT YEAR... I AM REACHING OUT TO CONTACTS TO SEE WHAT THEY MAY BE HEARING TONIGHT. I WILL JUST SAY...NO ONE HAS BEEN RIGHT TO THIS POINT SO LET'S SEE WHAT SHAKE OUT OF THE TREES TONIGHT.
10-11-2016 Intel Guru Dr. Clarke The VN Dong - no status change - it can raise significantly AT ANY TIME. NOTHING is holding this currency back from moving significantly higher. This government has set Everything up to move NOW.
10-11-2016 Newshound Guru mike Article: "The source of al-Maliki's office: We have received a notice from the judiciary declared unconstitutional abolition of the Vice President of the Republic" ...the VP is largely ceremonial. The thing is this is further political validation in and out of Iraq. It puts him in the best position to make another run at the PM post. I don't think it will happen, but I bet he takes a shot.
10-10-2016 Intel Guru Dr. Clarke Do You Want to Know What’s REALLY Going On? ...APRIL 2017 - OH NO, ANOTHER DATE - Iraq Dinar Official Rate Change and International Announcement happens, sometime in APRIL 2017 - The 1st month of Their 2nd Quarter - roughly 6 months from TODAY. Now, Logically, this should give Iraq, IMF, UN, U.S. and everyone else, ENOUGH TIME to get everything in order, done, signed, transferred, set up, finalized, double-checked...Yes, you read that right. APRIL, 2017 - 6 months from now - based on our PURE LOGIC, as it exists Today. It’s going to take this long, because Iraq needs the time - they’re SLOW & It’s a Communication NIGHTMARE in the ME. They have major ISIS & corruption problems, that are this far away from getting stable enough to pull this off...But, we’ll say one IMPORTANT thing...“ANYTHING can happen, at ANY Moment” ... because you’re NOT even guaranteed your next Breath - even an RV scenerio”...In our opinion. [post 3 of 3]
10-10-2016 Intel Guru Dr. Clarke The Following is our “LOGICAL FORECAST”...MOSUL - Will not be completed until early December - OFFICIALLY & PUBLICLY ANNOUNCED. 2017 BUDGET - Will not be official and not printed in the Gazette, till the last half of December 2016. HCL...our best guess, is that it will be Publicly Announced as official by December 1, and printed in the Gazette by end of December. (too much money involved here, so NOBODY knows the truth about this animal). All Other Important Laws - Officially printed in the Gazette by end of December. Government Cabinet seats - All voted in and sitting, as of December 1. Contract Rates - Forget them. Non-existent. Rumor. ZIM - One of the biggest Hoax’s we’ve ever seen...800# - There are NONE. Another hype, Rumor... 1st Quarter 2017 - ISX cranks up, Banks in Iraq change, U.S., IMF, UN give Iraq final approval, to announce an International Rate Change and Status for exchange. [post 2 of 3....stay tuned]
10-10-2016 Intel Guru Dr. Clarke There really was, and is, a “Plan” for concluding this “Dinar” ride, for the general public to be exchanged by end of 2016. It’s NOT on SCHEDULE, as of Today. The December 1st date, we talked about before last week, is now gone. No date. Removed. Everything changed over this past week. So, no date to look at in 2016. It’s open ended, as we speak, on into 2017. You want 100% guarantee of a Date to exchange. There is no such date - only probabilities of dates. We don’t give any RATES...NOBODY knows what rates will be...MOSUL...Mosul is NOT done. Whether it is or isn’t, doesn’t matter - It’s still officially, publicly NOT done. Very important piece NOW, to Iraq changing their currency to International and raising the rate. [post 1 of 3....stay tuned]
10-10-2016 Newshound Guru rcookie THEY ARE THE 3 ORIGINAL VP'S...FORMER HOUSE SPEAKER NAJAFI..AND 2 FORMER PRIME MINISTERS ALLAWI & MALIKI... THEY HAVE STATED IN ARTICLE...THEY ARE NOT REINSTATING ALL THREE VP'S...BUT RATHER...ONE...AS PER CONSTITUTION...THE OVERWHELMING GROUNDSWELL OF NEWS REPORT UNWAVERING SUPPORT FROM US...POLITICALLY AND MILITARILY TO ASSURE ABADI REGIME AND REFORM SUCCESS...THE US WILL NOT ALLOW FOR ANYTHING TO UNDERMINE ABADI AND IRAQS GLOBALLY ACKNOWLEDGED SUCCESSES AND PROGRESS... [post 2 of 2]
10-10-2016 Newshound Guru rcookie Article: "Iraqi Constitutional Court draws a painful blow to al - Abadi approve the return of the three vice - president of the republic , despite some of them implicated in corruption cases"
Quote: "The three vice-presidents who are removed from office as Vice-President of the Republic are Osama Najafi, the former House speaker, and Nuri al-Maliki and Iyad Allawi, the two former prime ministers." NAJAAFI APPEAL TO THE ELIMINATION OF 3 VP POSITIONS RULING BY LOWER COURT AND APPEALS COURT WAS OVERTURNED AND RULED UNCONSTITUTIONAL BY FEDERAL COURT TODAY...STATING THE POSITION IN TOTAL CAN NOT BE ELIMINATED...AND SUGGESTS GOING FORWARD THERE WILL BE 1 DEPUTY POSITION NOT 3...ORIGINAL MOVE WAS DONE AS FINANCIAL AND BUDGET EXPENDITURE DRIVEN ACTION...RULED ON BY COURTS AND APPEALS... [post 1 of 2....stay tuned]
10-10-2016 Newshound/Intel Guru BGG [I just read the article today about the Supreme Court and Maliki...] [...malilki is coming back?] Let's not be alarmist...whatever happens - the UN/IMF won't sit still for this JACKASSERY ... exactly what they have been advising against all along. Maliki may think he's won something - he's just brought on the BIG DOGS...
10-10-2016 Newshound Guru Kaperoni Article: "Alusi: The federal decision to return the Vice President meant to rule the survival of the country's Mhassata" Quote: "It is said that the Federal Supreme Court issued today its decision regarding the lawsuit appeal made the decision to cancel the posts of Vice Prime Algmehorah.anthy" Keep in mind these positions are more symbolic than anything. Abadi got rid of them to save the salaries.
10-10-2016 Intel Guru Bluwolf IT IS ABOUT THAT TIME FOLKS, RV ARISING.
10-10-2016 Intel Guru ADMINBILL A DAY CLOSER TO THE PROJECTED DATES FOR POSSIBLE COMPLETION. ALL WE CAN DO NOW IS WAIT. [..do you have a sense of what we are waiting on?] I HOPE TO FIND OUT TODAY. IT MAY SIMPLY BE TIMING.
10-10-2016 Newshound Guru hutch IMF report quote: "The Board of the International Monetary Fund approved a standby credit loan SBA for a period of three years for Iraq and the rights of special drawing SDR value of 3.831 billion units (approximately: 5.34 billion, or percentage of 230%); to support the economic reform program adopted by the Iraqi government..." Thats how the sdr works. They are allowed a percentage of their sdr deposit. Generally it is 200 percent. They have approx 10bl in sdr basket, so they are allowed 200 percent of that. That is why they were able to get a 20bl loan. Thats what the agreement is and the 5.34 is one of the installments. It gets them on their feet. Thats why investment into the country is so important to what OUR end goal is.
10-10-2016 Intel/Newshound Guru Mnt Goat Can many currencies revalue? Certainly they can as we know for a FACT that the IMF has a “Sustainable Development” project which includes goals for many of these so called “underdeveloped” countries with potential. So anything is possible. But is it not likely in the near future.
10-10-2016 Intel Guru ADMINBILL WILL THIS BE THE FINAL WEEK? THAT IS WHAT THE CONSENSUS IS. IF WE ARE STILL HERE NEXT SUNDAY WE WILL ONCE AGAIN KNOW THAT THE YELLOW BRICK ROAD STILL HAS CONSTRUCTION SIGNS IN PLACE. USUALLY THE CONSTRUCTION SIGNS WILL HAVE WORKERS STANDING AROUND WAITING TO BE TOLD WHAT TO DO NEXT. SOUND FAMILIAR? BE OF GOOD CHEER. I STILL DO NOT EXPECT ANYTHING UNTIL MID WEEK AT THE EARLIEST.
10-27-2016 Newshound Guru firefly And who was the IMF meeting with for these prior agreements and to be implemented? the team met with Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, Deputy Finance Minister, Dr. Fadhil Nabee Othman, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministry of finance, the CBI, and a representative from the Kurdistan Regional Government. All financial reps! This picture is becoming VERY clear. [post 2 of 2]
10-27-2016 Newshound Guru Islandg1211 Iraq is NOT on the WHITE LIST when in fact FATF states that they have FOUR MORE REQUIREMENTS LEFT. ...in reviewing the FATF website today, it had no reference as to when Iraq would get on the "White List," only the four remaining steps required. Quote from FATF's website: "...Since June 2016, Iraq has taken steps towards improving its AML/CFT regime, including by: addressing remaining issues related to its criminalization of money laundering and terrorist financing; establishing a legal framework and procedures for identifying and freezing terrorist assets; and ensuring a fully operational and functioning financial intelligence unit. Iraq should continue to implement its action plan to address its remaining deficiencies..."
10-27-2016 Newshound Guru Adam Montana [Help me understand why this is taking so long...] It's been a long road for sure! Iraq has overcame many obstacles. They were plunged almost into the dark ages only a short decade ago. Does it seem like forever? Yeah, I agree. But in the grand scheme of it all... they have made amazing progress and when it's all over, it won't seem like it took that long.
10-27-2016 Newshound Guru firefly Press release: "Statement by an IMF Mission on Iraq" Quotes: “Once agreed upon additional information has been provided and agreed prior actions have been implemented, the IMF Board will consider the first review of the SBA, likely in November..." and agreed prior actions have been implemented...Can't get any clearer than that...You folks should be dancing in the streets. Prior agreements to be implemented huh? Love that sentence. Quote: "Once you submit the requested additional information and the implementation of actions agreed presets, the Executive Board will consider the first review of the standby credit agreement, which is likely to be in November or December." and the implementation of actions agreed presets...WOW...These words are what we've been waiting for for so many years! [post 1 of 2....stay tuned]
10-27-2016 Intel Guru ADMINBILL I HAVE SPOKEN TO ADDITIONAL CONTACTS TODAY THAT ARE NOW BEING TOLD PARTS OF WHAT I AM LETTING YOU KNOW...I AM RELAYING TO YOU IS WHAT I HAVE BEEN ALLOWED TO PASS ON... [...are there any more hold ups for the RV?] NONE THAT I HAVE BEEN INFORMED OF AND I DO EXPECT TO SEE ACTIVITY VERY SOON. [Did your info. this evening give you cause to readjust the target of Nov. 10th to sooner?] POSSIBLY...OKAY PROBABLY. BASED UPON WHAT I WAS TOLD TODAY AND WHAT I AM HEARING TONIGHT YOU NEED TO BE READY. I AM FEELING VERY GOOD ABOUT MY CALL TODAY AND SUBSEQUENT INFORMATION FROM OTHER SOURCES TODAY. DONG RATES WILL BE VERY GOOD. AS ALWAYS WE MUST ROLL WITH THE FLOW BUT THE FLOW SEEMS TO BE HEADED TO THE BANK.
10-27-2016 Intel Guru Frank26 I believe we have a good chance this Year ... Hence Christmas would come early... IMO.
10-27-2016 Newshound/Intel Guru Bluedog Article: "CBI succeeded in raising the value of the Iraqi dinar against the US dollar at a critical time Iraq is going through and circumstance and the Iraqi economy under the cover of a fierce war..." THIS IS IN SIMILAR TO WHAT [Guru] DELTA SAID WAS A LEGITIMATE ARTICLE JUST RECENTLY...NICE TO SEE A CONFIRMATION OF THE FIRST ONE...THIS IS GETTING LEAKED AND IMPOSSIBLE TO CONTAIN. [From Guru Delta]: CBI SUCCEEDED RAISING THE VALUE...PAST TENSE...TO ALL IRAQI CITIZEN...MEMO WAS SEND FROM CBI... WAITING FOR OFFICIAL ANNOUNCEMENT.
10-27-2016 Intel Guru RayRen98 It looks like the Budget will have its second reading and then they vote it in as a final piece. We’ll see how that unfolds. Abadi has announced that they are in the advanced stage of retaking Mosul. We saw some information about Iraq being connected to 400 international banks, and you don’t do that without international currency. [ I don’t understand why we are on the cusp of a major revaluation but there hasn’t been one word on any of the media channels. Why is that?] I have no idea why they’re not talking about it. Some things have not been made public yet, that’s why I say “if and when” until it happens. I’m thinking it will happen by the first based on what I am hearing.
10-27-2016 Newshound Guru Adam Montana [...when do we expect to hear if the budget is passed?] ...I feel that it's on pace to be passed by the 1st of the year if not sooner. [Do you think the HCL will be passed along with the 2017 budget and be published at the same time?] They look to be moving at about the same speed.
10-27-2016 Newshound Guru Kaperoni Article: "Currency auction burden on the Iraqi economy" They cannot stop the auctions until they have an alternative which is floating the dinar. And until they can demonstrate that they can manage the spread within Iraq, they will not get the green light from the IMF to exit the peg and move to Article VIII. ...this is the closest we have been to reform since late 2012 when Shabibi was run off. Hang in there!
10-26-2016 Intel Guru Bruce Quite a bit has happen the last 5 days or so. We are in a situation where the actual market rate is quite high, more than we ever thought. The banks are all set, lock down security. Everything is in a go mode. The UN operational rates coming up again to take in effect November 1. At the end of the month they adjust then are visible on the first of the next month. ...in Iraq yesterday now the Iraqi dinar is being traded and trying to get value up. Also the Iranian Rial reinstated their rate. The Dinar and Rial should go together at a value rate. The dinar information was printed in the Gazette and made known in the country of Iraq. The Gazette with this information is not available to us yet. Until we are ready to go, that information will be kept quiet. Iraq is ready, they are complete. Our belief is it is just about our turn to go.
10-26-2016 Intel/Newshound Guru Backdoc REMEMBER, IRAN SAID ITS' FOREX VALUE WOULD MEET A REALITY VALUE IN OCTOBER. WELL, ITS OCTOBER. IT'S SHIA BROTHER (Iraq) IS IN THE SAME PROCESS IMO! "THE DEAL". THE IMF SAID THEY WOULD COMPLETE THEIR REVIEW FOR THE SECOND LOAN DISBURSEMENT ON NOVEMBER 7TH OR DECEMBER 7TH! ENJOY THE ACTIONS OF THE NEXT FEW DAYS MY FRIENDS, "ACTIONS MEAN THINGS"!
10-26-2016 Newshound Guru Adam Montana HCL FINALLY BACK ON THE TABLE! WOOOOOOTTT! And to go hand-in-hand with that MUCH WELCOME news, there is also this: Article: "Oil Minister announces the launch of 12 oil fields for development and investment" Seeing the parliament and ministries seats not yet filled was a little disappointing, but that's just a time issue. If not next week, the following perhaps. And simultaneously we have a strong chance of watching the HCL unfold, become active, and then my friends we are off to the races! I'm not going to call the deed "done" yet, but I strongly feel like we're almost at the point where it could really be "any day". [post 3 of 3]
10-26-2016 Newshound Guru Adam Montana The fight for Mosul is making incredible progress, and I really don't think they are getting credit for it like they should be! After a long run of half-hearted attempts to "attack" ISIS, they are finally doing it RIGHT. I expect to see huge victories in the next week or so, which is going to prop up Iraq's support and credibility in the world, and is taking them where they need to go. I am disappointed to see that Abadi has not been successful in appointing those last few deputies: Article: "State law excludes the resolution of the vacant ministries next week" In fact, unless they directly oppose this ruling, it looks like next week isn't our week either...we're not likely to see an RV this week. However...I saved the best for last! Ready? [post 2 of 3....stay tuned]
10-26-2016 Newshound Guru Adam Montana FINALLY, at the tail end of October, we're seeing the stuff we want. We discussed briefly earlier this month the OPEC push to reduce oil production. There are a lot of reasons for this push, and I'd say 90+% of the member nations understand and agree with it. But here's something interesting... "The head of the National Alliance, said that "Iraq should be excluded from any agreement that aims to cut oil production," attributing it to "the need for Iraq without the other for this exception being locked in a fierce war with Aldaasha terrorism on behalf of the world." Iraq is getting massive support in the fight against ISIS. ...this kind of agreement is a sweetheart deal for Iraq! Speaking of ISIS... [post 1 of 3....stay tuned]
10-26-2016 Intel/Newshound Guru Mnt Goat Article quote: "The prime minister Haider al-Abadi, Tuesday, Iraqi forces engaged in "an advanced stage" of liberalization city of Mosul" Many wonder about the progress of the battle for Mosul. Well the article...is telling us that after only 9 days of fighting they are moving now into the final phase. I totally believe they will be done by the end of this week and move on to the reconstruction and resettlement phases....this does not automatically mean an RV. Does Iraq need security? Yes- and getting rid of Daesh certainly moves them to that goal. But remember they still need the laws passed. They also told us a target timeframe of “early 2017”. We still have not heard any news about re-education to the citizens or the launching of the lower denominations and this we know are the next steps they must take in the final rounds of the process towards any significant increase in the value of the dinar...the final phases of the long 5 year process in this effort to moving to the international exchanges... It’s coming. [post 2 of 2]
10-26-2016 Intel/Newshound Guru Mnt Goat Very good news today to report. Again I say it is moving so quickly. Article quote: "the enactment of the oil and gas law is very difficult", so it need a political agreement for the legislation there must be an agreement between all the parties and after the enactment of the Act." Here come the HCL! Iraqi council of ministers knows they must have a legal law to administer the oil and gas policy in the country. This is much more than just the distribution of the 17% of the oil revenue to Kurdistan. I have explained many times...just how involved this HCL really is. This new law now also includes the Article 140 provisions. So now we see yet more news come out as they are meeting again on this issue and will continue to meet and change the draft HCL until it satisfies everyone and can be voted on. This is needed prior to any RV. It is closed [closer?] than ever and I believe they will be done with this law in the next couple weeks... [post 1 of 2....stay tuned]
10-26-2016 Intel Guru Dr. Clarke Iraq, through the CBI, will post and then announce, a substantially increased rate within the country, which WILL NOT be of International status, to Begin with right away, out of the blocks. We firmly believe they want to coincide this “in-country” rate, and give it enough time to settle in and be manageable, in order to then announce Publicly, an OFFICIAL International Tradable Currency, by JANUARY 1, 2017, which is the official start of their 2017 Fiscal Year - which means, we think this announcement will take place sometime, right BEFORE JANUARY 1st, 2017 - perhaps the Last Week of DECEMBER 2016. This ALL depends now, on whether Mosul is Liberated or not, in order to announce this International status - BECAUSE, if Mosul is Liberated, and if Raqqa is Liberated, THEN THEY CAN ANNOUNCE TO THE WORLD, THAT IRAQ IS TRULY ISIS FREE, SAFE, SECURE AND OFFICIALLY READY FOR BUSINESS. All In our Opinion... [post 3 of 3]
10-26-2016 Intel Guru Dr. Clarke Also, please understand that many other currencies, such as, and especially the VIETNAMESE DONG, have been held at bay, as to it’s value in the marketplace, due primarily to the status of ISIS worldwide, and specifically in Iraq & Syria. The reason, is that, for Everyone to go forward in the most beneficial way, from country to country, market to market, and to be Fully Secure and Safe to transact business... They did not want to risk it before, knowing many have had currencies, awaiting large movements upward. I know, most will argue this is NOT the case, but it is. Watch all the movement, in the weeks and months following the liberation of Mosul & Raqqa, and how some of these currencies will start moving upward in value...and of course, some others will begin a downturn, as a result of world economic balance. [post 2 of 3....stay tuned]
10-26-2016 Intel Guru Dr. Clarke Iraq cannot demonstrate its True, Complete Value in the marketplace, which includes it’s currency value, with ISIS still officially, located and operating within the country. But once, it’s Officially gone, THEN, almost instantly, Iraq’s value in the eyes of the World markets, will skyrocket, from then forward. Until then, they still have Value, but NOTHING COMPARED to when it’s ISIS free. That, my friends, is when you’ll see the Dinar’s International Exchange Rate, truly hit those high numbers, everyone is hoping will occur - but not before...and thus, the wait till Iraq is ISIS free, will have been worth it, and not for some premature very low rate, because their World Value, was minimized, for Security & Safety issues, within the country. This, as well, has been in the “Plan” for Iraq, U.S., and other countries connected with this full liberation, and “Pay back” for time and money spent in the endeavor of Iraq, the past 15 years. [post 1 of 3....stay tuned]
10-25-2016 ***** Dinar Guru Newsflash ***** Guru Frank26 is reporting on an article quoting a source from the CBI saying the exchange rate of the dinar will have a "significant" raise in value against the U.S. dollar over the next few days. This report has now been confirmed by multiple guru camps...so we have a consensus that it's a real article. Does the rate increase the source is referring mean the official CBI exchange rate (1182) OR the spread between the street rate and the official CBI exchange rate (1294) is yet to be seen. Stay tuned as the different gurus interpret the news and this EXCITING story unfolds over the next few days. [Update: Guru My Ladies perspective (see post below on the 24th) is the article has little weight at this time...] The latest guru updates are listed below...
10-25-2016 Intel Guru ADMINBILL [Any rates discussed or at least ranges?] IN COUNTRY RATE IS $3.71 AS REPORTED BY [Guru] RAYREN98. THE BASIC PREMISE FOR RELEASE WILL BE TO KEEP IT AS LOW KEY AS POSSIBLE... THESE GOOD PEOPLE HAVE BEEN TRYING TO GET THIS DONE FOR MONTHS. THEY BELIEVE THEY ARE THERE. WE ARE CLOSE - ON OR BEFORE THE 10TH IS A DAY TO LOOK AT AS A STRONG POSSIBILITY. [post 2 of 2]
10-25-2016 Intel Guru ADMINBILL I AM OFF THE PHONE AND READY TO ANSWER QUESTIONS...MY PHONE CALL WAS WITH ONE OF THE AUTHORS OF THE PLAN WHO WAS GIVEN PERMISSION SPEAK TO YOU THROUGH ME AND ANSWER QUESTIONS POSED TO ME TO THE BEST OF MY ABILITY. [...the Authors are also Implementers?] YES. [...when?] BY NOVEMBER 10TH. [Is the election influencing the release date?] NO... NEITHER IS IRAQ - MUCH OF WHAT YOU ARE HEARING ABOUT IN THE NEWS WAS COMPLETED MONTHS AGO. [post 1 of 2....stay tuned]
10-25-2016 Newshound Guru Kaperoni [why would Iraq depeg or stop selling the dollar and "free float" the dinar? It just doesn't seem likely...] ...is not a choice. It is not something that decided randomly, but an event as part of the CBI's monetary policy. To simplify, the CBI has what it calls a Capital Account...in which investment funds are that come through the banking system end up in. As the Capital Account grows, so does inflationary pressure on the Iraqi economy. As a result, the CBI, must have a more flexible exchange rate (some type of float) to counter this pressure. In other words, as investors and investment comes into Iraq, the exchange rate will rise. [post 2 of 2]
10-25-2016 Newshound Guru Kaperoni ...monetary policy is a set of procedures that the CBI must follow, like all central banks. Their are no short cuts. That being said, the CBI is trying to do what is right and they have an agreement (SBA) with the IMF to achieve those goals...It takes time and it is a process. [...can anyone...tell me why the US would give aid to Iraq without something in exchange, example, US insistence that Iraq stay pegged to the dollar?] The US has said no such thing. The IMF has stated so under the current conditions and that is because they are guiding the CBI through this financial crisis. [post 1 of 2....stay tuned]
10-25-2016 Intel Guru Frank26 The IMF is in business to make money with Iraq. There is no profit at a program rate. I told you, I don’t think we’ll ever see 1 to 1. They might surprise us all with the international rate when it does come out. In the ‘70’s and ‘80’s, it used to be around $2.80. When Saddam took over, it was over $3...and the Gulf Currency is launching around $2.60 to $2.70...which is a fair number to start at. We believe that the IMF may meet on the 7th of November to see if Iraq completed all they needed to do...but IMO...meetings are ongoing now. IMO – the MR consists of the RI...and that is for the IMF. The international world which consists of the Economic Reforms...which is the RV --- (which is not a part of the IMF). The RV is for the international investors. Give us Mosul...and you have the MONETARY REFORMS. Mosul is about 80-90% done. There is NO STOPPING the Monetary Reform. IMO – they are doing everything on time. The timing may frustrate you, but I think the timing is brilliant. [post 3 of 3]
10-25-2016 Intel Guru Frank26 ...within 10 business...(normally 30)...there would be some needed info passed to the IMF or in increase in the rate to qualify with what they are doing within their budget...to do a CURRENCY SWAP with the rate of the IQD against...(possibly) a basket of currencies. We believe the Abadi and Saleh are sending confirmations/documentations to the IMF within the 10 days...which are coming to a close...all BEFORE November. IMO --- all an indication of their financial reform. IMO -- each member of the IMF needs verification...before any change in rate...to be completed before November. IMO – that includes a rate change...that deals with contract goods. The letter to the IMF lets each member within the IMF knows of the rate. The IMF cannot finalize the agreement with Iraq until they see documentation. This will be the FINAL letter to the IMF within these 10 days. It will give the IMF a good idea of when Iraq will raise the value of their currency. [post 2 of 3....stay tuned]
10-25-2016 Intel Guru Frank26 There are things occurring behind the scenes with the Monetary Reform. IMO...countries are interested in doing business with Iraq...and Iraq is paying them ...maybe the IMF is paying them...the international world is doing business with Iraq...and they are paying for their goods. WHOA! IMO -- if that is true...the international world is gaining confidence with Iraq and the new ministers working with Abadi. A week ago, Sunday at 3:03 am Iraqi time...there was the “start” of the operations of Mosul...but I would say it was also the start of international business because they were put on a WHITE LIST. I believe that this TRANSITIONAL RATE that is being used...(not in front of our eyes, nor the CBI...because by law, they would have to tell you they are)...is being used...to bring in these goods. The citizens needed to trust the banks...but the international banks need to trust Iraq and their government. From black, to gray, to white ...(the list)...it means they are UNRESTRICTED! This is the freedom of movement and possibly within their capital...all IMF requirements. This is the Monetary Reform being born in front of your eyes! I believe that a countdown with the IMF started around that time. [post 1 of 3....stay tuned]
10-25-2016 Intel Guru Rayren98 Article over the weekend came out: "Central bank officials confirmed yesterday that the Iraqi dinar . . . coinciding with the liberation of the City of Mosul . . . News of the central bank decided to raise the value of the Iraqi dollar against the USD . . .in the coming view days the Iraqi dinar will have a considerable rise against the US dollar." Is this finally it? That's what we wait to find out. The article said, "changing the value and bringing it up against the USD in the coming few days." And a few days from Sunday, could be tomorrow [Tuesday], Wednesday. We got information over the weekend the last bank (in Mosul) needed to be linked into the system...between Sat. night and today...the bank in Mosul connected to the US system. Citizens being regularly updated on the status of Mosul. Budget was sent to Parliament on Friday. We knew when it hit Parliament floor and when it was going to be voted on. Reporting now that the 2017 budget is approved and published. Now we are awaiting some detail information. Remains to be seen the new rate reflected in this budget.
10-25-2016 Newshound Guru rcookie Article: "Government bonds and safe way to save" Quote: "Imad emirate is a financial reform imperative to resettle capital and attracting private investment, especially investment indirect, such as stocks and bonds, and require the reform process in this aspect a number of basic steps, including the development of the stock market in Iraq to their importance in activating the role of the private sector in the process of development." ONCE AGAIN...HUGE TALK OF FINANCIAL REFORM DRIVING RESETTLING OF CAPITAL AND ATTRACTING FOREIGN PRIVATE INVESTMENT...ESPECIALLY INDIRECT INVESTMENT LIKE STOCKS AND BONDS...AND IMPORTANCE OF LAUNCHING STOCK MARKET ROLE AS PRIVATE SECTOR DEVELOPMENT DRIVER...THAT ARTICLE IS HUGE...HUGE...HUGE...AND TIES IN MUCH OF THE RECENT ACTION AND NEWS WE HAVE BEEN READING ABOUT!
10-25-2016 Newshound Guru mike Article: "The budget bill includes 100 billion dinars Total investment and operational expenses" I'm looking forward to seeing Parliament's response to this budget, reducing staff by 25% and forcing a 5% paycut for all government employees so they can pay the PMU is going to be a tough pill to swallow. In the end, they need to get this passed, pronto. The delays for the second installment of loan money from the IMF is directly related to the 2017 budget, they kept telling Abadi to go back to the drawing board and trim more fat off the budget, and it looks like he's trying. The problem is...Parliament, they use words like "fair" and "need" and "astonishment" instead of "we're broke, this is the best we got."
10-25-2016 Newshound Guru BGG [Do you think we actually need all of these laws in place before we can see a rate change?] I do...just a couple of the more critical ones...Gen Amnesty was one, banking and investment are important to the WB/IMF...obviously. However, they are not much of a "hold-up" - they are on a "fast-track" to getting done. GO RV!!
10-25-2016 Newshound Guru Islandg1211 I've always been of the opinion that the IMF prefers to RV on a Thursday in the Spring, so I'm again looking at the last Thursday in March, March 30 - April 27, 2017, which is after Mosul would be liberated. THE IMF HISTORICALLY HAS RV'd IN APRIL. There's still a lot to get done politically. Abadi has to get his technocrat Ministers appointed. This was scheduled to be done last Spring. The GOI still hasn't passed important laws. The LOI also states that CBI needs to cut out the use of multiple currencies (USD) by "the end of the year." The Kurds have to actually vote in the HCL. Looking at what still needs to get done, Spring 2017 seems realistic, and between now and the RV, we should expect more RV articles appearing. IMO, the CBI can RV with the BIS and IMF's approval at any date and rate. [post 3 of 3]
10-24-2016 Newshound Guru Islandg1211 In any event, prior to the RV, we can expect to see some "peppering" of articles going over the plan to delete the zeroes and raise the value. In the past when Shabibi prepared to RV, he did work the press to educate the people on his plan. In this article, it's stating that the RV would happen once Mosul was freed from ISIS. Liberating Mosul includes a very complex political agreement with the Kurds and most likely, needs to include the HCL law being passed. I was very encouraged when in August an Article 140 territory dispute had a negotiated agreement to split the oil fields. I believe an agreement for Mosul's oil has also been reached but not announced. [post 2 of 3....stay tuned]
10-24-2016 Newshound Guru Islandg1211 Article: "CBI ANNOUNCES RAISING THE VALUE OF THE DINAR" Good to see a new RV Article! It's been awhile - not since ISIS, has the CBI made any serious announcement of raising the value of the Dinar. The IMF's two LOIs, both last December and June, mapped out steps for the CBI and the Minister of Finance to take in order to receive the loans. In the December LOI, the IMF projected that Iraq would join the international world "by mid-year." That was curious because the plan to rid Iraq of ISIS was also being formulated on a timeline with Mosul scheduled for liberation Oct-Winter. The plan to get rid of ISIS has to include the Monetary Reform in order to finally win the peace. Maybe the IMF's plan was just get Iraq ready to RV by mid-year when most of ISIS outside of Mosul was under control at this point, it seems like they have to wait to gain control over the Mosul. [post 1 of 3....stay tuned]
10-24-2016 Newshound Guru My Ladies Article: "ENTRAL BANK TO RAISE THE PRICE OF THE DINAR AGAINST THE DOLLAR!!" YES AND IT WILL RAISE SIGNIFICANTLY...RIGHT NOW THE BLACK MARKET IS AT 1300+ SO THEY WILL LIFT THE RATE TO CLOSE THAT GAP BUT IT WILL STILL NEVER SEE THE POSITIVE SIDE OF A DOLLAR...YOU NEED TO UNDERSTAND THERE IS A GAP BETWEEN THE OFFICIAL EXCHANGE RATE OF THE DINAR WHICH IS 1182 AND THE BLACK MARKET RATE WHICH IS 1300+ DINAR TO THE DOLLAR. NOW IF IRAQ DOES WHAT IT NEEDS TO DO TO CLOSE THAT GAP THAT WILL BE RAISING THE “PRICE” DINAR AGAINST THE DOLLAR WHICH WILL MAKE THE OFFICIAL RATE CLOSER TO THE 1300 BLACK MARKET RATE. THAT MEANS THE EXCHANGE RATE IS GOING IN THE OPPOSITE DIRECTION OF ANYONE HOPING TO MAKE A PROFIT.
10-24-2016 Newshound Guru BGG [...they could go to 500 dinar per dollar and float from there couldn't they. That would more than double the value...] They COULD do a lot of things... but that is not the characterization they've laid out in their official documents. Over and over...IMHO - they've told us what they intend to do. ...it is widely recognized the IQD is "grossly under-valued"... [.86 to 1.18?] I like where your head's at!! [post 2 of 2]
10-24-2016 Newshound Guru BGG [Guru] Kaperoni - Said many times that the dinar will float. The CBI monetary policy must change if they want foreign investors. I agree with the idea that the CBI's monetary policy must change... however, I am not convinced a "pure float" is anywhere close to what they have planned. In fact, several key documents plainly state otherwise. [post 1 of 2....stay tuned]
10-24-2016 Newshound Guru mike Article quotes: "...the parliamentary finance committee revealed on Monday, projected in the budget of 2017, which is estimated B79 billion dinars revenue, in addition to the total expenditure of 100 billion dinars." "stressing at the same time, "deducting a percentage of 4.8% of all employees' salaries and retired, to support the popular crowd and the displaced." I'm looking forward to seeing Parliament's response to this budget, reducing staff by 25% and forcing a 5% paycut for all government employees so they can pay the PMU is going to be a tough pill to swallow. In the end, they need to get this passed, pronto.
10-24-2016 Intel Guru AdminBill Article quotes: "A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal..." "...the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar." I KNOW THERE HAS BEEN SOME VERY INTERESTING NEWS ARTICLES FROM IRAQ TODAY BUT PLEASE BEAR IN MIND THAT WE MUST STAY FOCUSED ON WHAT IS REAL. I HAVE TALKED TO A FEW PEOPLE I TRUST THAT HAVE TOLD ME THEY ARE HEARING THEY ARE NEARING THE END. ...IF THEY GO WE WILL KNOW IT.
10-24-2016 Newshound Guru Kaperoni Article: "Coinciding with the victories of our security forces in Mosul, Central ..alpennek raise the price of the dinar against the dollar" Quote: "...the central bank decided to raise the value of the Iraqi dinar against the US dollar by financial mechanisms fall in its policies for indicating that these mechanisms are subject to the principle of supply and demand in the domestic market...the Iraqi dinar will see over the next few days, a significant rise in price against the US dollar" ...if they are talking about the spread, it is a good thing that they reduce it since currently its 1294 which is way over the 2% requirement. But I do like the words..."a significant rise in price against the US dollar".
10-24-2016 Newshound/Intel Guru BGG I don't know - how with the AVALANCHE of news lately - anyone can be anything be VERY optimistic.
10-24-2016 Intel Guru Frank26 "A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal..." "The source , who preferred not to be named , said the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar." How quickly one's starvation can cause one to forget that only the CBI can make such a statement. Yes...Moments after they give You Mosul it may equal the MR. Note...You have no Mosul yet. So if someone from over there believes in their opinion that the MR is done or announced...Fine...But one should only Trust via Verification from...The CBI. But know this...IMF meetings are within days. Have to admit...Am very Fascinated by this. [Guru] DELTA says it is a legit Newspaper from Iraq.
10-23-2016 Newshound Guru rcookie ...LETS RECAP...WE HAVE THE IFC INVOLVED WITH IRAQ AND DEVELOPMENT PROGRESS...ADOPTION OF INT'L ACCOUNTING CONTROL STANDARDS...IBAN ROLLOUT AND IMF BANKING SUPERVISION CHECKLIST...BANKING REFORM AS THE BEGINNING OF ECONOMIC REVIVAL...ALNASIRI AND SALEH OUTLINING OF IRAQS PEACETIME ECONOMIC IDENTITY... ANNOUNCEMENT OF NEW 2018-2022 NDP...DEPOSIT INSURANCE ACT AND CBI SYSTEMIC LAUNCH OF DEPOSIT INSURANCE...AND INVESTMENT LAWS CONTRIBUTING TO RESETTLEMENT OF LOCAL FUNDS...THATS JUST THIS WEEK...WOW!!..
10-23-2016 Intel Guru ADMINBILL ANOTHER SUNDAY HAS DAWNED WITH NO RV...MY NEWS CONTINUES TO BE POSITIVE BUT, THEN AGAIN, NOTHING EVER COMES OF IT...WE DO NOT KNOW THE DATE OR RATE AND WON'T UNTIL THE EVENT HAPPENS CONTRARY TO WHAT WE ARE TOLD FROM TIME TO TIME. THE LORD HAS BLESSED YOU TO BE A PART OF THIS EVENT WHILE OTHERS HAVE NOT BEEN SO LUCKY...IT IS OKAY TO BE FRUSTRATED.
10-23-2016 Newshound Guru Kaperoni Said many times that the dinar will float. The CBI monetary policy must change if they want foreign investors.
10-23-2016 Newshound Guru rcookie Article: "Parliament postpones paragraph first reading of the draft first amendment to the Amnesty Law" Quote: "The House of Representatives decided today to postpone the first paragraph the first reading of the draft amendment to the Law of General Amnesty Law, to next Monday's meeting."
10-23-2016 Newshound Guru mike Article: "Legal expert: reducing the number of members of the House of Representatives does not need to amend the Constitution" "Euphrates News said the legal expert Tareq Harb, Sunday, to reduce the number of members of the House of Representatives does not need to amend the Constitution." It's kind of funny, the judicial branch just ruled that it was unconstitutional to remove the VP position's but now it's ok to reduce the members of Parliament. The house is on fire and these guys are watering the roses. When are they going to tackle the laws that will move this country forward?
10-23-2016 Newshound Guru rcookie [Would you tell us briefly how the new economic laws secures new revenue for the state treasury?] BECAUSE THE INFLUX OF INTERNATIONAL INVESTMENT WILL GENERATE HUGE NON-OIL REVENUES TO IRAQ...NEVER BEFORE EXPERIENCED...THEY WILL FINALLY START TO SEE SOME REVENUES CONTRIBUTED TO GDP FROM OTHER SOURCES THAN OIL...IT WILL DRIVE THE BANKING SECTOR...ADDRESS UNEMPLOYMENT AND POVERTY...THAT ARTICLES OUTLINE OF THE INVESTMENT...INSURANCE & STATISTICS LAWS ABOUT TO BE CHANGED...THIS IS IT...U N B E L I E V A B L E!!! ...THAT WAS SOME OF THE MOST SIGNIFICANT INFORMATION RELATIVE TO ECONOMIC & FINANCIAL LAWS THAT WILL DRIVE WHAT WE ARE LOOKING FOR...EVER....EVER... [post 2 of 2]
10-23-2016 Newshound Guru rcookie Article: "Economic laws to secure new revenue for the state treasury" Quote: "...seeking for economic and investment commission to push for the adoption of new laws provide new income to the state treasury and is working to develop actually investment in the country." THIS IS HUGE...HUGE...HUGE... AGENCY REGULATORY ACT...IRAQI COMMISSION ACT...CHAMBER OF COMMERCE LAW NO. 43 (1989)...ECONOMIC LAWS SPEED SUBMITTING TO HoR IN SHORTEST POSSIBLE TIME...THIS IS WHAT WE HAVE TALKED ABOUT ...CONCERNING THE CALL FROM IMF FOR ACCURATE...TRANSPARENT TIMELY ECONOMIC & FINANCIAL DATA FROM ALL PROVINCES FOR QUITE SOME TIME...THEY ARE TELLING US ALL THE ECONOMIC & INVESTMENT LAWS ARE CUED UP AND COMING! [post 1 of 2....stay tuned]
10-23-2016 Intel/Newshound Guru Backdoc THE PATTERNS OF SUCCESS ARE ALL AROUND US. CURRENCIES ARE ADJUSTING AS I'VE BEEN SHARING FOR SOME TIME. I SUSPECT THE CHANGES WE ALL HOPE TO SEE ARE CLOSER THAN WE MIGHT THINK BASED ON THE "ACTIONS THAT MEAN THINGS!" ...IMO.
10-23-2016 Newshound Guru Kaperoni Article: "During the first economic conference of the projects directed to put up new investment opportunities in Baghdad and the provinces" private investment is all wishful thinking until they open the banking sector/pass the needed laws.
10-23-2016 Newshound Guru rcookie Article: "Abadi presented to parliament his nominees for four ministries , including the defense and interior" "Abadi nominated both Irfan Hayali of the Ministry of Defense, and Qasim al-Araji for interior and Qutaiba al-Jubouri, Trade and Necmettin enhancer for industry and minerals."
10-22-2016 Newshound Guru Kaperoni Article: "Foreign banks are looking to withdraw from the Iraqi market" More pressure on the CBI to take the next step and open the banking system.
10-22-2016 Newshound Guru Aggiedad77 Iraq...may Peace be with you...as this year winds to a close and the existence of ISIS/DAASH is squashed...may you ring in the new year 2017 with PEACE in mind for all of your country and it's countrymen...A peace that can be shared internationally as you move forward...the pathway anointed with higher oil prices that will springboard your efforts in a way that was unexpected by many...but declared by a few...Breakthroughs indeed for opportunities both within and outside of your great country...let the future be bright for prosperity and peace for all...transitions in so many ways...war to peace...program rate to who knows what...reclusive country to internationally recognized leader... reforms that give way to exponential growth...let it be...all IMO.
10-22-2016 Newshound Guru Kaperoni Most of the articles coming out of Iraq say the progress in Mosul is good...ahead of schedule. I'm not so sure. Much more to come.
10-22-2016 Intel Guru ADMINBILL PERSONALLY I BELIEVE WE ARE CLOSE BUT HOW CLOSE IS THE QUESTION. IT IS DIFFICULT TO SAY OR EVEN GUESS AT THIS POINT. PERHAPS WE WILL BE SURPRISED TODAY WITH INFORMATION THAT WILL GIVE US SOME ANSWERS.
10-22-2016 Newshound Guru rcookie "Planning: Five-Year Development Plan 2018 - 2022 will be different from its predecessors" THAT IS THE $357 BILLION ACTION PLAN FOR DEVELOPMENT PROJECTS BROKEN DOWN BY SECTOR... INTERESTING TO COMPARE WITH PREVIOUS NDP'S...NATIONAL DEVELOPMENT PLAN...THIS IS WHY ONE WOULD INVEST IN IRAQ...THE REASON TODAYS ANNOUNCEMENT IS SO EXCITING IS THE NEW NDP AND THE FACT OF THEM TALKING ABOUT BEING PRIMARILY PRIVATE SECTOR DRIVEN.
10-22-2016 Newshound Guru Kaperoni Article: "Iraq receives a second loan from the International Monetary Fund" [does this mean they have raised the value of the dinar as per apparent requirement or not?] ...the official value of the dinar is 1182. There is no requirement for them to raise the value. The value will rise, only as a result of the CBI unpegging the dinar when the time is right to counter inflationary pressure created by investors and investment in Iraq. They need laws, stability and progress in many areas before that can happen.
10-22-2016 Newshound Guru OOTW As you know, there has been much going on in Iraq; with the implementation of Depositor's Insurance...retaking Mosul, and regarding the prosecution and/or exposure of the corrupt. Today, one of the major Iraqi News Sites, has printed an article calling out collusion between Maliki and Keywords regarding corrupt real estate practices. ...some great govt press releases...re solid movement forward in Iraq...There's much going on with the government...
10-21-2016 Newshound Guru Adam Montana [Security...the control of Daash, and gaining control of Mosul...what importance do you place on these events in regards to any future revaluation of the IQD?] I place them about medium importance, but the fact that there is great progress in the war against ISIS as of late is extremely encouraging!
10-21-2016 Intel Guru ADMINBILL WHERE ARE WE TODAY? ONE DAY CLOSER TO BE SURE. THE QUESTION ALWAYS BEGS TO BE ASKED. HOW CLOSE IS CLOSE? I AM TOLD IT IS VERY CLOSE BUT THERE ARE NO SPECIFIC DATES GIVEN NOR ARE ANY RATES PROVIDED. IT APPEARS THEN AND SOUNDS LIKE WE ARE IN THE SAME POSITION WE WERE IN THIS TIME LAST YEAR AND THE YEAR BEFORE DOESN'T IT?. DEJA VU ALL OVER AGAIN. THE DIFFERENCE NOW IS THAT THE WORLD IS IN A FAR MORE DANGEROUS AND PRECARIOUS POSITION THAN THIS TIME LAST YEAR...I PRAY THAT WE ARE NEARING THE END AS SUGGESTED.
10-21-2016 Newshound Guru Adam Montana [Could you comment on [an] article [that] implies international e-commerce with Iraq is now happening with one company on a consumer retail basis...Could this be a (seemingly) imminent precursor to the event?] Iraq is making amazing leaps in the technological department! I remember 5 or 6 years ago we were talking about ATMs being more widespread, which was important to handle the "physical cash" aspect... we're well beyond that now. Many things were preventing progress from moving quicker, but we are well beyond that and the time is coming!
10-21-2016 Intel Guru Bruce We don’t do dates and rates. Do I know the rates? Yes I know to the penny. I won’t tell you. I can tell you they are going up, moving up, and moving up more. It is just not my job to put them out. As far as readiness is concern, we believe we are in a position to take advantage of this through our exchange process very shortly. Can’t say it is hours or days away, but not going to happen around Christmas. We can see certain things did have to occur. The Paris Agreement, the INDO Declaration, in Iraq with removable of ISIS and the taking back of Mosul, etc. I do believe we are under way what we are looking for. A process rolling out. A slow process. I would look for Iran and Iraq be prominent the next few days what they plan to do. It is imminent and in great shape moving forward. Super position...
10-21-2016 Newshound Guru Adam Montana I have nothing negative to report but I also have no RV to announce... in my opinion, there's a very simple reason: HCL. Now here's the good news: we've seen more on the HCL in the last week than we saw all summer! And THAT has me smiling... Parliament is making moves... - just look at the news... The HCL (oil agreement) is once again a TOPIC... it was NOT a topic for a few months. Are we close? Obviously closer than a month ago, and I can't say "yep for sure this week!", but the direction is good and there are only a few things left. Iraq has the fundamental ability and motivation to RV, and that's something that people either understand or deny. I'm monitoring the situation...
10-21-2016 Newshound Guru Breitling …They had never mentioned to the government or to the IMF or anybody that they wanted to get it to a buck and then they wanted to get it to $3.25…one of the things that’s interesting as they put out the new currency, when I got into it there was an expected rate of between 4 and 12 cents. The next thing you know there was a report put out about how General Petraeus was saying how popular the dinar was getting inside of Iraq itself. Here’s what people don’t understand…they were alarmed by it. It wasn’t a good thing…we basically put more US dollars into their economy. and they started printing even more notes…adding to the note count at the beginning. You had to have faith with what these guys were doing and saying. Shabibi stated they are adding value to it and eventually we are going to take 75% of those notes out and we’re going to add value to the currency and then we’ll change this currency out and make the denominations a lot smaller…That’s the statement he put out there. [Post 2 of 2]
10-21-2016 Newshound Guru mike Article: "Rasheed Bank intends to apply to transfer your money IBAN system" Quote: "Rasheed Bank announced on Thursday its intention to apply the "IBAN" your system to transfer money in and out of Iraq..." The good news about this article is that Iraq is finally engaging the world banking system's and pulling themselves out of the stone age. It doesn't, however, indicate a "internationally recognized" currency in Article VIII is right around the corner. I would bet that 95% of the money that goes through the IBAN system will be dollars that are purchased by Iraqi's at the bank.
10-21-2016 Intel Guru ADMINBILL POTENTIAL FOR A RATE INCREASE FAIRLY SOON HAS IMPROVED IN THE LAST 24 HOURS. THIS IS A HEADS UP. IT IS NOT A TORNADO ALERT. THE YARD IS MOWED. THE CAR IS GASSED UP AND I HAVE A NEW SUIT. I'M READY FOR THE FOOT TO FALL.
10-20-2016 Intel Guru Frank26 ...the IMF has given them an A+ in everything they are doing...and now they are going to reward them with that second loan...that is way ahead of schedule...the white list was way ahead of schedule. ...I am not too worried about the value right now...what we were worried about or concerned about was the note count...because they told you they were lifting the 000’s...you think it is from the exchange rate...we tried to explain it to you...they are lifting it from the streets...so they can lift it from the exchange rate...and I believe they have accomplished this. There are many steps and many parts to the Monetary Policy and IMO I see that they have been accomplished...the IMF has not said one single word about 2017...IMO...the IMF is preparing them to raise the value in 2016...and the other part...Iraq talks about 2017 because that is when Iraq wants to introduce the LD’s...that are affected by the RI that is occurring right now behind closed doors... [post 3 of 3]
10-20-2016 Intel Guru Frank26 Iraq came out and stated they have completed all IMF requirements...For the Financial Advisor of Abadi...Saleh...to come out and say...we’ve done everything the IMF has told us...how bold is that...for the IMF...to actually come out and say we are giving you now your second loan...in about 10 days...that will put us right about the beginning of November...I believe deep in my heart that the Monetary Policy has been launched. This Monetary Reform Plan is from the IMF...about six or seven years ago they put this together with Iraq...the Transition Rate right now is part of this plan...I believe they are doing something with their rate to try and get it to 1 to 1...and they did not write a plan for a LOP...they did not write a plan to stay at a program rate…IMO this Transitional Rate is bringing in commodities into the country of Iraq...and IMO this Transitional Rate is slowly moving up...up...for the purpose IMO to add value to the Iraqi dinar in country...I believe the negotiations that are occurring with this Transitional Rate are going to be seen with more evidence sometime around the second week of November...
[post 2 of 3....stay tuned]
10-20-2016 Intel Guru Frank26 ...these are interesting times...with our investment...we told you that IMO I felt around the 15th of October or just after that date the battle of Mosul would...start...I seriously, truly, and sincerely believe that once Iraq was put on the white list there was a decision made for Mosul...IMO...at 3:03 am on the 16th of this month I believe the Monetary Reform was put into its full swing of completion. The most important thing about Mosul...is that it has given us SS...STABILITY and SECURITY...SS is the reason why we are walking in the direction of the Monetary Reform now...from the nanosecond they were put on the white list...to the moment of the 3:03 am launch to attack Mosul...to begin the battle...those were the beginning of the green lights that have brought us SS now... [post 1 of 3....stay tuned]
10-19-2016 Newshound Guru Breitling "Question: Sounds like they’re having a hard time convincing people in Iraq to have confidence in the Dinar…how can they make them want to use it?" This is the power in knowing what happens to currency…if you know how it got there you can reverse it. Remember what we did. We put US dollars in their economy. Then we did Shock and Awe and their economy collapsed they started to use the US dollar. We printed the New Iraqi Dinar. They started using it. Remember…the dinar count at that time was around 30 Trillion dinar at it’s peak and 9 billion notes max…A report from the IMF said the Iraqi dinar’s real market rate was between 4 and 12 cents and I bought dinars based on that. [Post 1 of 2]
10-20-2016 Newshound Guru Kaperoni Article: "Rasheed Bank intends to apply to transfer your money IBAN system" Quote: "Rasheed Bank announced on Thursday its intention to apply the "IBAN" your system to transfer money in and out of Iraq..." [Surely to transfer money internationally , your money has to be internationally recognized?] The dinar is already internationally recognized. It's a choice by most banks to not accept it and exchange it worldwide because they are still in Article XIV under the IMF. Article VIII of sorts provides a sense of assurance that the CBI meets international standards and requirements (and therefore, makes the dinar more internationally accepted at the banks). What the Rasheed is doing here is a good thing for sure, but Article VIII will also be needed for it to be beneficial to Iraq.
10-20-2016 Newshound Guru Islandg1211 The WTO has a well structured path to membership with each step well defined. Iraq started the process under the Bush Administration, then stopped. There's been NO WORKING GROUP EVEN FORMED. There have been NO scheduled WTO Working Group meetings even scheduled in the past two years. Iraq is NO WHERE NEAR becoming a member according to the WTO website. They were probably closer to becoming a member under the Bush Administration's guidance and influence than they are now. Iraq has gone NO WHERE in 8 YEARS within the WTO ascension process... Iraq literally hasn't held a meeting in eight years... membership ascension is a step-by-step lengthy process. Iraq never even got to the second step.
10-20-2016 Intel/Newshound Guru Mnt Goat ...if it were not for these last 8 years of Maliki administration (2007-2014), Iraq would be 8 years ahead of where it is today. As we are witnessing now the progress Abadi has made in the short time in office we can see the renewed hope for Iraq. Once the corruption and the “will” to clean up the corruption and support the true democratic principles (constitution of Iraq) Iraq can now move ahead. Maybe in the end result this was a very good thing since was Iraq really ready to move to an international currency? [post 3 of 3]
10-20-2016 Intel/Newshound Guru Mnt Goat So eventually the USA did make the needed agreements but these agreements were difficult and needed “kid gloves” to manage. You see it was not just the Abadi government in Baghdad but also the Kurdistan region that needed to have solid agreements in place as to how to handle the new USA occupation of Iraq. So agreements were made with Kurdistan and the Baghdad government as to how to set the new government and to whom will provide the security and take over the region. [post 2 of 3....stay tuned]
10-20-2016 Intel/Newshound Guru Mnt Goat ...the battle for Mosul...As we waited months for the battle to begin, we are now seeing it being played out. ...you should know why the battle to free Mosul has been held up for so long. Many of us questioned this and asked why they don’t just attack and get it done already. USA needed an updated Status of Forces Agreement in place...So in 2014 Maliki was told that for USA troops to come back the USA needed immunity and an updated Status of Forces Agreement. He refused to give them both. Actually it was not until the new prime minister in Maliki’s place, that it was finally negotiated. [post 1 of 3....stay tuned]
10-20-2016 Newshound Guru Kaperoni Article: "Breaking #Iraq Criminal Court issued an arrest warrant ex- #Mosul governor Atheel al-Nujaifi for breach of security."
10-20-2016 Intel Guru ADMINBILL THE NEWS I AM HEARING IS VERY ENCOURAGING. I DO NOT WISH TO SPEAK OF WHAT I WAS HEARING OTHER THAN TO SAY MR. B INDICATES WE ARE VERY NEAR. [Do you know who Mr. B that ADMIN speaks of?] [MR. B HAS BEEN AROUND FOR 6 OR 7 YEARS AND IS EDUCATED ON WORLD ECONOMICS...WHO HAS BEEN SAYING FOR YEARS THIS WASN'T READY TO GO...]
10-20-2016 Newshound Guru Kaperoni Article: "Offensive against so-called Islamic State in Mosul going much faster than planned, Iraqi PM says" Quote: "Haider al-Abadi said the move showed "rapprochement" and unity of purpose between Iraqi and Kurdish forces."
10-20-2016 Intel Guru RayRen98 ...everything is quiet in the banking community and in Iraq. We did have the update on Tuesday about ISIL fleeing to Syria by the hundreds. Does that even have a bearing on what we are waiting for? Some say yes, some say no. Iran says they are going to revalue their currency on 22. October. We’ve always heard that Iran and Iraq will go together, with similar rates. We are at the status quo from Monday; nothing new to get you all excited for this evening [Wednesday], tomorrow morning, or Friday. I am hearing to look forward to Saturday.
10-19-2016 Newshound Guru Adam Montana Ive been watching the efforts to take back Mosul. (It's all over the news). I'm hearing VERY good things from my contacts in Iraq, backing up the positive stuff we are all seeing in regards to the fight against isis. I like it. Also good news is hearing about parliament continuing to hold timely sessions. Next stop... hcl? Let's hope so! ...nobody is giving me dates or rates. I talk to people that are far more connected to the inside workings of Iraq than I myself am, and I'll be blunt - there's been times that they flat out told me "Adam nothing is moving right now." Thats not the vibe right now. ...I'm returning to cautiously optimistic that we will see some major announcements that will either include the HCL or will be obvious openers for the HCL.
10-19-2016 Newshound Guru mike ... crushing ISIL in Mosul is great news, I'm just hoping they can get it done quickly.
10-19-2016 Intel Guru Frank26 Article: "The government issued a system of deposit protection .. Parliament seeks to enacted law "enhance confidence" in the banking system" Another IMF Requirement for the MR being done...Good.
10-19-2016 Intel Guru RayRen98 ON IRAQI TV - 1ST PHASE OF MOSUL COMPLETED, NOW IN THE 2ND PHASE. EXPECT LOAN FROM IMF IN 10 DAYS.
10-19-2016 Intel Guru ADMINBILL ...IRAQ CONTINUES TO MAKE PROGRESS AND THEIR 2017 BUDGET IS ABOUT TO BE APPROVED. IN THE PAST WE WERE ALWAYS TOLD THAT WOULD BE A DEAL MAKER. NEVER DID THOUGH... I AM TOLD THAT THERE ARE GOOD THINGS HAPPENING BUT BY WHOM AND TO WHAT END WE HAVE NO IDEA. MAYBE WE WILL HEAR SOMETHING TODAY THAT WILL PROVIDE US WITH SOME ENCOURAGEMENT THAT WE ARE NEAR A CONCLUSION.
10-19-2016 Newshound Guru mike Article: "Magda Tamimi: keep the deposits of citizens of the Central Bank's mission" Article quote: "The central bank announced in (the seventh of June 2016), for approval of the Cabinet set up a company to guarantee deposits in the government and private banks with a capital of 100 billion dinars, while the company aims to stimulate citizens to deposit their money in banks rather than Aktnazha, confirmed money chunky citizens outside banks of more than 30 trillion dinars." Parliament plans to enact a law to guarantee bank deposits. It's a great start but $85 million isn't much to guarantee 30 trillion dinars. A luke warm gesture by Parliament and the CBI won't cut it, real guarantees for the balance of the account, within limits, is expected. Iraq is in a uphill battle to regain banking credibility...But, who knows, maybe Iraqi's have the ability to forgive and forget and now they'll all flock to the banks with their deposits.
10-19-2016 Intel Guru Frank26 ...over three months ago we introduced to you that you need to pay attention to Fallujah and Mosul...once they give you Fallujah you will have the Economic Reforms...once they give you Mosul you will have the Monetary Reform...I also want to express that they are soon to raise the flag in Mosul... IMO...Mosul...is...was...and shall be an indicator of the Monetary Reform...or should I say of the Monetary Policy...The US Treasury is setting up shop in the CBI and much is going...all of these steps that are occurring are a part of the Monetary Policy.
10-19-2016 Intel Guru Bruce In Iraq a lot has happened the last five days. Iraq, as far as we know has been completed everything except in process passing the 2017 Budget. They are voting on that tomorrow [Wednesday]. If they pass that, the new in country rate for Iraq should be in the budget...Everything else is complete. We are in process of regaining in Iraq Mosul back from ISIS. I also know 6 out of 7 banks out of Mosul were up and running yesterday, able to be online and good to go from what I understood yesterday. We did hear increases of rates in the first basket. We are getting very positive feedback where we want to be at this time. Not calling it... I have heard any moment even tonight. We highly are expectant any moment.
10-19-2016 Newshound Guru rcookie [In your opinion, what stages are they at as far as the PFM and Investment Law.] BOTH HAVE BEEN ADJUSTED AS PER EXPECTATIONS AND AWAIT VOTE...BOTH ARE SO INTEGRAL IN IQD VALUE INCREASE...IN BOTH ATTRACTING/CAPTURING AND RETAINING FDI....AND MEANS IN WHICH THEY PROCESS AND SPEND GLOBAL LOANS AND GRANTS OF FUNDING FOR DEVELOPMENT PROJECTS OF LIBERATED AREAS....WILL NOT BE BUSINESS AS USUAL...
10-19-2016 Intel Guru SteveI Article: "Federal Police forces recapture 56 oil fields from ISIS near Mosul" Quote: "this morning, Iraqi Federal Police forces managed to recapture 56 oil fields from ISIS control near the area of Ain al-Gahsh in Qayyarah axis, south of Mosul.” “Security forces are still achieving progress on all battle fronts to liberate the city of Mosul...” Good stuff!
10-17-2016 **** Dinar Guru Newsflash **** Guru reports began to come in yesterday morning, starting with Newshound Guru rcookie, that the official battle to retake Mosul had begun...since then multiple gurus have confirmed the news and it played on the US news by later in the evening...The gurus agree, Mosul is hugely important to the future of the dinar. Stay tuned as this story unfolds...The latest guru posts will continue below...
10-18-2016 Intel Guru Bluwolf The six month old liberation of Mosul is finally being announced, this is the last wrench that stall our RV. In order to be fully given UN sovereignty a country must meet many a standards ( security, full control of country) is one of them. But no need to worry for as of the 10th all currencies received their full values...we do not know of the when but we do know that its finally HERE...
10-18-2016 Intel Guru RayRen98 Iraqi TV was showing the Isis groups leaving Mosul and fleeing to Syria. They say hundreds are running and small handfuls are left. Peshmerga forces (Iraqi military) are dancing in streets… all villages assigned to them on the first day were liberated, no indication on how many are left. Parliament has the 2017 budget, now waiting for an official response. PM Abadi on TV giving four candidate selections for defense minister, others will be revealed “in the coming days.”
10-18-2016 Intel Guru Frank26 ...in these last three months...I have seen a unification of this country that actually started back in December 2015...things are really gelling and coming together in Iraq...and like I told you...it is for their Monetary Policy...which contains their Monetary Reform and their Economic Reform. ...the next stage...you will see the IMF and Iraq meet once again...it is possible in the last week of this month...or into the first week of November...this change of rates that they are working on...will facilitate the 50, the 100, the 200...the fils which are coins...that are on the schedule to come out in early 2017...in the first quarter...because the 50k notes that were printed last year did their work...all of 2016 for larger transactions for the Transition Rate...and now these LD’s...the 50, 100, and 200...need the change of rate. [post 3 of 3]
10-18-2016 Intel Guru Frank26 ...this white list was not supposed to be done until the beginning part of 2017...it was done ahead of time...and another thing...Iraq cannot go international without them being on the white list...if they have no intentions for 2016 then why is their plan established from 2016 to 2020 and not 2017 to 2020. I am extremely happy...excited... because the start of Mosul...will give us the end of Mosul...which will equal the stability and the security...for the GOI and the CBI and the country of Iraq...which equals many moving parts...all under the same umbrella of reforms in Iraq...their MONETARY POLICY...The Monetary Policy...encompasses two things under the umbrella...their Economic Reform and their Financial Reform...which equals a Transitional Rate...which IMO right now is bringing commodities into the country of Iraq...which will equal a 1000 to 1 rate...which will equal a 1 to 1 rate by lifting the 000’s...to add purchasing power to the citizens currency at a 1 to 1 rate...which will equal the rate to leave Iraq into an international market which will float...to be fueled by the hungry investors of the world...which are more than 170 countries. [post 2 of 3....stay tuned]
10-18-2016 Intel Guru Frank26 ...it has been a day of explosions...throughout the day...constant information... IMO…we really felt that this countdown that we are studying ...started nanoseconds after Iraq was placed on the white list...about 160 or 170 countries around the world...I believe the countries were all in favor of allowing Iraq to come out of its hibernated state...and be a part of the rest of these 170 something countries that are on that same white list. The Financial Action Task Force...FATF..they did not even blink...they said ok... Why is it that all the other countries decided...we want to do business with Iraq...but they haven’t qualified for Article 8 yet...we don’t care...see...these countries are in a Long Line waiting to come into Iraq...many of them have sacrificed a lot of their money...a lot of their manpower...a lot of their time...a lot of their equipment...to plant themselves in the country of Iraq...do you think that these countries are poised right now to do business with Iraq...yes indeed they are...and they have been sacrificing and waiting for a long time… [post 1 of 3....stay tuned]
10-18-2016 Newshound Guru rcookie Article: "Cabinet sends 2017 budget to parliament" Quote: "the Council of Ministers sent the draft 2017 budget bill to the House of Representatives in order to vote on them." 2017 BUDGET OFFICIALLY IN PARLIAMENT...
10-18-2016 Intel Guru ADMINBILL ANOTHER UPDATE DAY INSTEAD OF A GOING TO THE BANK DAY. ONE DAY SOON WE WILL BE THERE. THE IRAQI MILITARY APPEARS TO BE DOING A BANG UP JOB CLEARING THE MOSUL AND SURROUNDING AREAS OF ISIS. AT THIS CONJURE WE DO NOT KNOW WHAT IS HAPPENING. ALL INFORMATION SOURCES HAVE GONE COMPLETELY SILENT WITH THE EXCEPTION OF NEWS STORIES. WE WAIT.
10-18-2016 Newshound Guru Kaperoni ...The CBI has not talked about the plan since late last year (the best I can recall) so I would not get excited that events are about to happen. The IMF's SBA agreement is pretty clear, Iraq is making some progress, yet they are also lagging in many of the agreed conditions. So all we can do is keep watching and hoping...let it come to us.
10-17-2016 Newshound/Intel Guru BGG Article: "The central bank project to delete the zeros will be implemented in early 2017" Quotes: "...the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project..." "...The aim of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency" Huge article. Great Stuff!!
10-17-2016 Newshound Guru rcookie Article: "Parliament postponed its meeting until next Wednesday to lack of quorum" Quote: "A parliamentary source said, L / balance News /, "The House of Representatives decided to postpone its first 23 of the third legislative term of the legislative year, scheduled to be held today to next Wednesday, counting a quorum."
10-17-2016 Intel/Newshound Guru Mnt Goat Article: "Battle for Mosul: Operation to retake Iraqi city from IS 'begins' " I personally believe we could see Mosul liberated within one to two weeks or even less. That is my opinion. Remember also the main reason (given to the citizens of Iraq as least) for Nori al-Maliki not getting a third term in 2014 was that he could not control and defeat ISIS. Now Abadi has to prove he can do it.
10-17-2016 Inel Guru ADMINBILL GOD BLESS THE GOOD PEOPLE OF IRAQ AND THEIR DETERMINATION TO DESTROY ISIS. I EXPECT TO BE RECEIVING INFORMATION AS THE DAY GOES ON. LET'S SEE WHAT SHAKES OUT TODAY. ON ANOTHER NOTE LET ME EAT SOME CROW TODAY AND OFFER MY APOLOGIES..., FOR MONTHS NOW, HAVE STOOD FIRMLY ON THEIR BELIEF THAT WE WOULD NOT SEE AN RV UNTIL THE RECAPTURE OF MOSUL HAS BEGUN OR IS COMPLETED...THEY APPEAR TO HAVE BEEN CORRECT EITHER BY CHANGE OR ACTUAL FACT OF NEEDED EVENT COMPLETION. IN EITHER CASE WE ARE EXACTLY WHERE THEY SAID WE WOULD BE...
10-17-2016 Newshound Guru Kaperoni Though Iraq is slow and often feeble at accomplishment, this initiative tonight to free Mosul is big news! Those looking for hope, progress in Iraq, tonight is the beginning of the end of ISIL in Iraq. Once liberated, the government must act quickly to provide jobs, stability. They must activate the market economy. Once conditions are in place, the world will bring investors and investment to not only rebuild, but catapult Iraq to wealth. I believe the world is waiting to come to Iraq.
10-17-2016 Newshound/Intel Guru BGG So - the HUGE NEWS...Mosul liberation is UNDERWAY...that is a biggie...and with the UST setting up shop in the CBI - it's the end of the "monkey business"...the investment laws are important... the one on the books for Monday (PFM)...etc, etc, are key...
10-17-2016 Newshound Guru Kaperoni Article: "Abadi announce the start of the battle of Mosul and calls for people to cooperate in order to end the battle quickly" Clearly good news.. Let's get it done.
10-16-2016 Newshound/Intel Guru BGG [says @ 7:04 p.m. central time] It's 3:03 AM in Kurdistan - It is being reported the attack to free Mosul is NOW UNDERWAY...Right now... [...this is a very big deal for the stability in Iraq does it help to bring about an RV?] BIG - BIG - BIG deal... I really think this is one of the "Core issues" the IMF/WB/UN wanted handled. [When do you think Battle for Mosul will be over?] part of me wants to think it will go quick - but who knows?
10-16-2016 Intel Guru Frank26 Every country deals with their currency individually... There is no race. But may i ask You ... Where do You find the IMF working hard to RI/RV a currency? Mosul will be announced by A (abadi) ... For the credit will only belong to... A and Iraq.
10-16-2016 Newshound Guru rcookie [Is your opinion has the Mosul battle began?] YES...THERE ARE REPORTS OF IT IN INK THIS MORNING... Articles: "Iraqi army drops leaflets over Mosul in preparation for a military operation"; "Elite Forces" announces full readiness to break into Mosul"; "Army Air destroys the headquarters and stores of weapons to Daesh area Aloossiat Mosul"
10-16-2016 Intel Guru Frank26 [...how do you feel about all the posts about #800 numbers that people are supposed to be getting from a bank to organize appointments with bank managers and so on...?] There are no 800 numbers of any value nor truth at the moment...IMO. [...will the exchange process...in Australia...be complicated or just like any other exchange process...?] IMO ...Aussie banks will follow the same protocol as in USA and other countries.
10-16-2016 Intel/Newshound Guru Backdoc ARE WE SURPRISED TO SEE IRAN REJOINING THE INTERNATIONAL COMMUNITY? AHHH, NO! THEY ARE BEING TURNED ON INTERNATIONALLY THROUGH THE CIPS SYSTEM WITH THE HELP OF THE IMF! THIS IS THE BEGINNING OF THEIR ACTIVATION! IMO, ITS' SHIA BROTHER IS DOING THE SAME PROCESS. (Iraq) WE ARE SEEING ALL KINDS OF ARTICLES TO VALIDATE THIS! MANY THINGS ARE BEING IMPLEMENTED! WE WILL SEE CONTRACTS WITH IRAN AND ITS' SHIA BROTHER GRADUALLY RAISE THE VALUE OF ITS' CURRENCY FROM NOW UNTIL MARCH! WHAT DOES SEEM TO BE CLEAR, IS THAT THE IMPLEMENTATION OF A REALITY VALUE FOR THE SHIA BROTHERS IS UNDERWAY!
10-16-2016 Newshound Guru mike [It's looking like the 50, 100 and 200 will come out early 2017.] ...to do that the dinar has to have value and the only way that's going to happen is if it's internationally recognized and accepted and they stop using the dollar to purchase 100% of their imports. A year and a half ago Keywords said they have a green light to delete the zero's and as far as I can tell, not much has happened other than the AML law. I sincerely hope I'm wrong but I have a sneaking suspicion we're a long way away from watching those zero's fall off the dinar.
10-16-2016 Intel Guru Frank26 IMO ...The TR of the IQD is evolving inside of Iraq via the GOI and contracts to ... Add Purchasing Power for the Citizens in Iraq as a neutral event. From the program rate of 1182 to 1000 to 1 ... To 1 to 1 as they have told us. Then to the International Markets.
10-15-2016 Newshound Guru My Ladies LISTEN FOLKS IF THE GLOBAL FINANCIAL SYSTEM IS MOVING TO A SUSTAINABLE SYSTEM THAN THE FINANCIAL MODEL MUST INTEGRATE ECONOMIES AND THEIR CURRENCIES PROPORTIONALLY. THIS IS NOT A MATTER OF OPINION BUT A MATTER OF REALITY. IRAQ AND ALL OTHER EMERGING ECONOMIES WILL REACT IN THE SAME WAY TO THE CHANGE. EMERGING ECONOMIES HAVE BEEN PREPARING FOR THIS WITH POLICY CHANGES AND BANKING INTEGRATION FOR THE PAST FEW YEARS...DO NOT GET DISCOURAGED... [post 2 of 2]
10-15-2016 Newshound Guru My Ladies IRAQ IS EMERGING, IRAQ WILL BRING A TRADEABLE CURRENCY TO THE MARKET...I AM NOT IN ANYWAY SPEAKING TO VALUE BECAUSE I HAVE NO IDEA WHAT THAT VALUE WILL BE. BUT I WILL GUARANTEE YOU THAT IRAQ WILL BE A PART OF THE GLOBAL REALIGNMENT THAT IS TAKING PLACE RIGHT NOW. THERE IS NO TRANSITIONAL RATE, THINGS DO NOT WORK LIKE THAT AND IRAQ IS NOT IN A BUBBLE EITHER. THEY HAVE TO FOLLOW THE RULES ALONG WITH EVERY OTHER COUNTRY. [post 1 of 2....stay tuned]
10-15-2016 Newshound Guru mike I see zero chance of Iraq ending the auctions in November, if they unpeg now without accepting Article VIII the dinar will drop like a stone, no one wants it, it's not internationally recognized. February, maybe, if they immediately address the IMF requirements and make it happen now, no delays. This is a process, there are no switches or buttons to push, and without measured, visible progress, nothing's going to happen. You don't need a crystal ball to understand the process, the IMF has laid it out in clear, simple and concise terms in the Article IV consultations. It's easier to watch what they do, nothing much ever comes from what they say.
10-15-2016 Intel Guru ADMINBILL TODAY, SATURDAY THE 15TH, IS SUPPOSED TO BE A MAJOR DAY OF RV ACTION. ...HANG IN THERE. I KNOW THE RV IS REAL AND WILL HAPPEN. THE RV IS DEFINITELY IN OUR FUTURE... WE WAIT AND SEE WITH CAUTION...
10-15-2016 Intel Guru Frank26 [After all these years of articles about "deleting the zeroes", I've often seen the question asked but never adequately answered, what does that specifically mean?] IT IS THE NOTE COUNT NOT THE VALUE. They have a plan with The IMF and the IMF does not plan for a LOP...
10-15-2016 Newshound Guru hutch Article: "The central bank project to delete the zeros will be implemented in early 2017" Quote: "...he added that "the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017..." I used to hate to see those articles! But look now and see that budgets are now executable, laws are in place, a new CoM will be seated soon, They are now on the whitelist, UST is in the house...etc
10-14-2016 Intel Guru Frank26 ...this constant projection of the Monetary Reform exploded when they came back from DC...and Abadi brought back a lot of good people to accomplish all of these things...why...because that is the only way they are going to enter Article 8...that is what the IMF told them...that is what Abadi and the CBI and the IMF agreed contractually to do...so when they came back they had a list of things to do...guess what...they did them...the IMF is very pleased with what they have accomplished and they will continue to reward them...if they continue on the process of their Monetary Reform. ...in November the IMF will review this once again and if they did good...well shoot here’s your loan...and...go ahead and finish now...raise the value and come on into Article 8. [post 2 of 2]
10-14-2016 Intel Guru Frank26 Iraq knows what it is doing...Abadi...Allak... the CBI...they all know what they are doing...and the reason why is they are being guided by the IMF...the USA. ...what does the IMF want from Iraq...they want Iraq...the CBI to finish their Monetary Reform...by lifting the value of their currency... ...in these last two weeks corruption has been corralled... Zebari gets kicked out...the budget gets into position...the laws are not being amended anymore but are being used...taxes and tariffs being collected by the Kurds at their border...Maliki and his buffoons have been literally melted down to nothing...every time you see an auction it is less and less and less for them to steal...because the groups that came from the UN were very sharp...they were specialists... [post 1 of 2....stay tuned]
10-14-2016 Intel/Newshound Guru Backdoc ...WITH PARLIAMENT MEETING MONDAY, RECENT HOLIDAYS THAT CAME OUT OF NOWHERE, MOSUL IN CONCLUSION, CBI DISRUPTIONS, THE IMPLEMENTATION OF THE TARIFFS AND TAXES, AND AUCTION CHANGES, I’M VERY OPTIMISTIC ABOUT THE PROGRESS OF THE MONETARY REFORM...IRAQ HAS FOLLOWED THE LETTER OF INTENT TO THE TEE. VERY SOON IRAQ WILL BE ALL ABOUT DIVERSIFICATION OF THEIR ECONOMY AND THEY WILL BE ON THEIR WAY TO A HUGE SUCCESS. ALSO, WE HAVE TO REMEMBER THAT U.N. OPERATIONAL RATES ARE PUBLISHED ON EVERY 15TH OF THE MONTH! THESE ARE VERY EXCITING HOURS WHILE WE WAIT FOR THE COMPLETION OF MOSUL! ...KEEP ALERT AS ALWAYS!
10-14-2016 Intel Guru SteveI Articles: "The central bank project to delete the zeros will be implemented in early 2017" "Central bank: 2017 will see the issuance of a new monetary categories" ...two more articles to back this up in the initial post. Now this is getting exciting hearing this from many sources. [reference Guru SteveI post 10-14-2016]
10-14-2016 Intel Guru ADMINBILL ANOTHER DINAR WEEKEND IS UPON US. IS THE END IN SIGHT? SOME SAY YES AND SOME SAY NOT YET. MAYBE LATER THIS YEAR OR EVEN IN 2017. DEADLINES COME AND GO. OTHERS SAY THE RV IS HERE WHILE STILL OTHERS SAY THAT SOME IRAQI’S ARE USING THEIR CARDS AND THE RATE IS $3.71. THEN THERE ARE THOSE THAT CLAIM NOTHING WILL OCCUR UNTIL MOSUL HAS BEEN RETAKEN AND IRAQ IS STABLE. FOR THE RECORD...I DO KNOW THAT THE RV IS CLOSE AT HAND. THERE WILL BE ONE INTERNATIONAL RATE AND WHEN IT OCCURS IT WILL NOT BE IN IRAQ ALONE IT WILL BE INTERNATIONAL AND AT ACCESSIBLE FOR EVERYONE ACROSS THE WORLD AT THE SAME TIME.
10-14-2016 Newshound Guru rcookie [...justice and accountablility (A & J) and oil and gas laws not ready for a vote or just being held back for now?] A & J IS CUED UP......AND BY ALL ACCOUNTS...THERE WILL BE AN OIL AGREEMENT BETWEEN BAGHDAD & ERBIL IN 2017 BUDGET LAW...JUST AS THERE WAS IN 2016 BUDGET LAW...AND THERE WAS SOME FURTHER NEWS...OF THE A & J LAW NOT CONTAINING ANY AMENDMENTS PROVIDING IMMUNITY TO MINISTERS OR PM...REMEMBER THEY JUST COMPLETED THE IMF MEETINGS FROM OCT 6-10TH...1ST SBA REVIEW...WHICH IS WHY THE AMENDED 2017 BUDGET LAW IS SITTING IN PARLIAMENT FOR READING & VOTE...IN OCTOBER...
10-14-2016 Intel Guru Frank26 IMO the TRANSITIONAL RATE started seconds after they were ... WHITELISTED... IMO the next two weeks will show HOW the IQD is being used by the IMF and Iraq. They do NOT have to EXPLAIN anything until the CBI has the new rate for the International markets...
10-14-2016 Newshound Guru rcookie Article quote: "Parliamentary Legal Committee, announced on Wednesday that the Federal Budgeting Act of 2017 will be on the table in the House of Representatives next week." SO...HERE FURTHER CONFIRMATION OF THE AMENDED 2017 BUDGET LAW WAITING FOR PARLIAMENTS RETURN ON TUESDAY...AND ...THIS IS THE IMF'S INSURANCE POLICY AS TO IRAQS CONTINUED ADHERENCE TO THE ECONOMIC REFORM MEASURES OUTLINED AND AGREED ON FOR THE SBA APPROVAL...ALL SPELLED OUT IN THE BUDGET LAW...100 % EXECUTABLE...JUST LIKE THE 2016 LAW THEY ALSO CO-AUTHORED... [tuesday will be a great day!] AGREED!!
10-14-2016 Intel Guru Bruce I don’t know dates or rates, but I do believe this is still our week even though we are coming up on the weekend. Don’t be dismayed by that. I am very excited where we are right now and where we should be by the end of the week. The 13th is usually the date for UN operational rates to change. I understand they may have posted the same. That is okay. The effective date of the change is usually the 15th which is Saturday. Hopefully we will see changes occur by then. All the rates are good, way better than we thought they be even two years ago. We are still looking for one or two announcements. Maybe that is all we are looking for. Time is right we could see this go through any moment... we are almost at the very end. Any day now.
10-14-2016 Intel Guru SteveI Article: "The central bank project to delete the zeros will be implemented in early 2017" Article quote: "The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project." ...this is a great article...and regardless of how they do it, they are going to do this in the very near future.
10-13-2016 Newshound Guru rcookie INSERT NEW PUBLIC FINANCIAL MANAGEMENT LAW HERE. [THE PFM IS A BIGGIE.] YES IT IS...AND ON THE TABLE FOR READING AND VOTE UPON PARLIAMENTS RETURN...PFM HAS MORE TO DO WITH THE MICROMANAGEMENT OF DEVELOPMENT FUNDING PROJECTS AND ASSURING THE PAST ECONOMIC TAMPERING AND WASTE OF PUBLIC FUNDS OF ALLOCATED MONIES EARMARKED FOR THESE PROJECTS...IT'S AN END TO THE TOXIC SYSTEMIC FAILURES...THAT HAVE LEFT THE CITIZENS WANTING FOR ESSENTIAL SERVICES AND ECONOMIC DEVELOPMENT. THOSE ESSENTIAL SERVICES AND INFRASTRUCTURE IMPROVEMENTS WILL EMOTE STABILITY AND CONFIDENCE IN THE INT'L INVESTMENT COMMUNITY...IT WILL ALSO IMPROVE THEIR WB "EASE OF DOING BUSINESS SCORES AND RANKINGS"... [post 2 of 2]
10-13-2016 Newshound Guru rcookie Article quote: "Finance Committee in the House of Representatives confirmed on Wednesday that the financial umbrella provided by the agreement with the International Monetary Fund and World Bank, which will contribute to the creation of "radical reform" of the Iraqi economy..." SO...HERE THE ANNOUNCEMENT OF INTERNATIONAL FINANCIAL UMBRELLA FROM WB & IMF TOTALING $18 BILLION (TOTAL 20 BILLION) THAT WILL CREATE “RADICAL ECONOMIC & FINANCIAL REFORM” IN IRAQ AND IMPLEMENTATION OF INFRASTRUCTURE PROJECTS... CREATE RADICAL ECONOMIC & FINANCIAL REFORM! BOULYAAAH! [reference rcookie post 10-13-2013] [post 1 of 2....stay tuned]
10-13-2016 Newshound Guru Adam Montana [...do your contacts have any idea if the DInar will ever RV?] ...nobody knows if it will ever hit, much less exactly when. I'm not throwing my hand in yet! I'm very positive on the recent progress.
10-13-2016 Intel Guru Randy Koonce I know a bunch of you believe there will be a basket going but that is not right. There will be different ones going, but they all will be within a month or even two. And, we do not know which way they are going except that of Iraq... and there is a strong chance for the Iran Rial...I need everyone to breathe and do not get anxious and do not give up even if it keeps going...Iraq will have to do those things I listed above and cannot do any of them without an RV....We are close.. Every large bank will exchange... RELAX the RV is coming...Breathe... [post 2 of 2]
10-13-2016 Intel Guru Randy Koonce Iraq wants to RV, and they tell us this all the time in the paper...They will tell us they are opening the budget, but do not. They tell us they are going to start the Tariffs, but they don't. They tell us that they are getting loans to do massive building, but for some reason there is still nothing going on...They keep telling us that they have approved the oil law... but they never enact it...And after this repeated pattern of information, they then sit quietly for a while and they start the whole process up again. OK. So, what is the one Key that is required to do all these things? The RV! Why? Because it takes money that is worth more than the paper it is printed on. So even tho you are disappointed it has not happened yet, there is one more common 'key' that is mixed in with this repeated process. And that is Obama... He has a reason for not doing it just yet, and he has kept Iraq and the world at bay with this RV...We have information that comes from good sources; it is the best we can do. [post 1 of 2....stay tuned]
10-13-2016 Intel/Newshound Guru Mnt Goat Remember the e-dinar? ...Iraq is now entering into the first phase of the project implementation as announced this week. I feel this is the beta test before they open the e-dinar up to all of Iraq. This will mean an end to the corruption associated with payment of salaries and maybe some of the funds will not get in the hands of the people. This all good for Iraq and is yet another one of the goals set in the MOU last January with Iraq by the IMF. This is exactly the progress we need to see. We also heard in previous news they intend to load each card with up to 10 million dinar ($8,400+ USD).
10-13-2016 Intel Guru ADMINBILL SHORT AND SWEET THIS MORNING. INFORMATION (RUMORS) SUGGEST THAT THERE MAY BE SOME SORT OF DEADLINE THAT NEEDS TO BE MET FRIDAY. OTHERS MENTION SATURDAY. WHAT DOES THAT ACTUALLY MEAN? THERE IS A POSSIBILITY OF CONTRACTUAL REQUIREMENTS THAT NEED TO BE CONCLUDED.
10-13-2016 Newshound Guru rcookie Article: "The IMF praised Wednesday progress made by Iraq in implementing economic reforms." SO...HERE ONCE AGAIN FURTHER CONFIRMATION ON IMF SATISFACTION OF IRAQS ECONOMIC REFORM ACTIONS...WHICH WILL BE TRANSPARENTLY DISPLAYED FURTHER WHEN THE 2017 BUDGET LAW IS MADE PUBLIC OPENING THE WAY FOR THE HUGE SBA UMBRELLA...
10-13-2016 Newshound Guru Aggiedad77 [Iraq is broke, and borrwing money from everyone..how could the Iraqi banks ever change to $3.71?] MY TAKE ON IRAQ AND THE NEED TO BORROW MONEY (USD?) IS THE REQUIREMENT TO STAY SOLVENT. ONCE THE RV TAKES PLAY THE VALUE OF IRAQI DINAR THEY HOLD IN THEIR VAULTS WILL MORE THAN COVER ANY LOANS. RIGHT NOW, IMO, IT IS ALL A SHELL GAME.
10-13-2016 Intel/Newshound Guru Mnt Goat Article quote: "IMF for Member States pledged to the International Monetary Fund to revive global trade and promote government spending and the removal of restrictions that inhibit the business sector in order to support growth." To me this is so very important because it is telling us that global financial officials want the dinar as the means of payment for ease to trade with Iraq on an international level. ...but how can they keep going to the auctions to exchange dinar for dollars to conduct trade? You see they must get out of their “closed economy” and the financial experts this week told them this must be done and be done soon. How much longer can they wait. ...remember that Iraq goes for a review before the WTO on their application for full membership in November. I also want to remind everyone there is extreme pressure coming from neighboring countries in the middle east with Iraq to get out of this “closed economy” as it is hurting their trading partners. So its not even just the international financial community but neighboring trading partners as well.
10-13-2016 Newshound Guru Kaperoni Article: "Iraqi cleric Sadr calls for protest against Maliki's comeback" Quote: "Powerful Shi'ite cleric Moqtada al-Sadr on Wednesday called for a demonstration against a Iraqi court ruling that returns his bitter rival, ex-prime minister Nuri al-Maliki, to a vice-presidential position."
10-12-2016 Newshound Guru Aggiedad77 I am having one of those "feelings"...we stand before that locked door...all of a sudden...we can hear clicks and clatters...bolts being thrown...then hinges creaking...the door frame bulges...it's a fat lady for sure...but what happens is hopefully historic....Praying that what flows through is just so totally full of MR...hot...red hot lava flow of the MR...Monetary Reform that is...not the beginning thing either...but rather instead the whole enchilada...
10-12-2016 Intel Guru Frank26 i ...We ...Will be in RED dress tonight ...(For red Hot?).
10-12-2016 Newshound Guru Adam Montana ...to dispel a little rumor that was running about the Dinar Airwaves over the week... according to my most reliable sources, Maliki is not going to be returned as VP or any other significant role. I'm sure this isn't the last we will hear from Maliki, because he has nothing to lose by continuing to file motions, appeals, requests, etc... but I really don't think we need to worry about him for the present time, or the near future.
10-12-2016 Newshound Guru Kaperoni Articles: "Economic calls to cancel the auction currency and an end to the phenomenon of «money Moadh«" "Why collapsed the Iraqi dinar .. Economists call for the central bank to answer" The way I read all these cries, they are pushing for the CBI to move monetary policy forward...Like we have discussed for so long...the CBI needs to exit the peg and float the dinar. Unfortunately, as much as I agree, the government's inability to lay the groundwork (pass laws) is holding all these reforms up.
10-12-2016 Intel Guru SteveI [CBI Site Down?...Today, 11:16 AM] It could be a number of things. Please do not read anything into this.
10-12-2016 Newshound Guru Adam Montana 4. But, to get to my reason for reigning in *some* of my optimism for this month... we still don't have an HCL or much news about it's implementation. It's great that Oil is going the right direction. It's awesome to have the IMF praising them, it's fantastic that they are making timely progress on the 2017 budget, but... without that HCL, I have to go back to "cautiously optimistic" at this time. On a more positive note, it's widely believed that the HCL is pretty much done and it's only a phone call away from being published in the Gazette and made official. That could certainly happen any day, even today or tomorrow! But until it's done, or we hear more about it, we remain patient. [post 3 of 3]
10-12-2016 Newshound Guru Adam Montana 2. On the topic of oil prices, Iraq is very much involved in the recent OPEC movement to control production and get the prices moving back up. As of Monday, oil hit $53... The head of BP says he is expecting $55-70 coming soon. This stuff isn't written in stone, but it's certainly a good indication of the efforts being taken, and Iraq will certainly gain confidence as a result. 3. Also cheering for Iraq and basically giving them a big ol' green light is the IMF. It's important to understand that the IMF can't force them to RV, or stop them from doing it either, but when they have the IMF on their side, it's a great thing! [post 2 of 3....stay tuned]
10-12-2016 Newshound Guru Adam Montana Around the end of August I had mentioned my slight optimism for September and greater enthusiasm for October. With October almost halfway over, I'm forced to reign in some of my enthusiasm... but not all. Here's my latest thoughts: 1. I believe I was mistaken recently when I mentioned the budget was set based on an anticipated $60 ppb... according to this report, it was actually set at $45, which is probably only slightly off from the year-to-date average! You all know I don't place a lot of importance on the "Budget", as they release it to the public, but for them to continue showing this kind of control over their assets and finances is a GREAT thing for the world to be able to place confidence in a big increase in the value of the Iraqi Dinar. This year's budget was completed and published right about the 1st of the year, which was a huge improvement over the previous decade. As of right now, they look to be on pace to do it again, or maybe even earlier! Again, this is exactly what they need to be doing in order to do an RV and most importantly, support the higher rate. They are doing great at this! [post 1 of 3....stay tuned]
10-12-2016 Intel Guru Frank26 So right now the CBI with Allak and Abadi...IMF, UST... they know what they are doing with the Monetary Reform and the control of the exchange rate of the Iraqi dinar...and do you remember what they have already said...that I want a gradual increase...IMO all of the recommendations from the IMF to the CBI are being accomplished ...so we look for the next step to come from the CBI...and by the way...Allak even came out and said...in the reports that we have...in Arabic...he said yeah we know to do this before November...raise the value of your currency ...before November...ever since that meeting...in Amman, Jordan...with the CBI and the IMF...the CBI told the IMF...we’ve done all the regulations...we are done...and we will implement before November... [post 3 of 3]
10-12-2016 Intel Guru Frank26 ...the CBI and Allak have said that clearly they want to increase the rate gradually...we...feel that they are doing that...without telling anybody...the market street rate actually dropped over the week...it was at 1309 and it is at 1295 right now...the market rate dropped for the 2% compliance that the IMF wants...they are constantly doing something with the value of their currency...IMO. I am of the school of thought that they will come out 1 to 1 in the country... Allak and the CBI and the IMF have a plan and they are following it...they are following it step by step. Mosul is the big lady that sits in front of us...when they finally do liberate Mosul you are going to see the Monetary Reform right in front of your eyes IMO. [post 2 of 3....stay tuned]
10-12-2016 Intel Guru Frank26 ...there was...an important meeting on the 7th, the 8th, and the 9th...and we told you it was with the IMF and the US and we told you within that meeting there would be a lot of...reviewing of what they have done with the Monetary Reform. ...this came out in a documentation where the IMF said...we are working with the CBI...we are working with Iraq...but I am here to tell you...we are not going to put it in any report...anything that we consider sensitive information...we are not going to announce it to anybody...the things they are doing with the Monetary Reform...they may not be privy to us right now. [post 1 of 3....stay tuned]
10-12-2016 Intel Guru Bruce Intel the last couple of days have been very light. Not totally dark, but very quiet out there. We did get some good Intel the last couple of days. Some of it is unfortunately can’t talk about. some a little too specific. The one thing I am very aware of is it suppose to have gone even from what I understand last night. There were a few things that came up that stopped it. Just be prepared for anytime now. AS far as what I am hearing specifically we have a very high percentage change it can go tonight and for tomorrow. We had a large meeting of the IMF and World Bank group from 0ctober 3 and completed on October 9th. It was decided a go time. We are looking very solidly for any moment now. We heard the rates may have made a move upward...
10-11-2016 Intel Guru ADMINBILL International activation began today. Tested in Asia until now. Totally in sync with Swift transactions making it international between ALL countries today.
10-11-2016 Newshound Guru mike Article: "Rumor and National Economy" ...the GOI is struggling to make payroll, it's difficult for the citizens to withdraw their money from the banks and the dinar is worth almost 10% less than face value...All three of the "rumors" above happen to be true... Until Iraq tackles the corruption, stops the sectarianism and delays economic and monetary reform, nothing will change. No one will trust and engage the banking system, they'll continue to hoard what little money they have because of government instability and seek the dollar as a safe haven for their earnings.
10-11-2016 Newshound Guru Kaperoni Article: "Ex-PM Maliki making comeback as Iraq's most powerful man" I think much of this is propaganda since Maliki has been the most powerful man all along. If he gets the VP position back it changes nothing since the position has no effective decision making power and is ceremonial in nature.
10-11-2016 Intel Guru ADMINBILL ALL CONTACTS AGREE THAT THE EVENT IS CLOSE AT HAND. I AM SURE TODAY WILL BEGIN QUIETLY, AND BECOME MORE ACTIVE AS THE DAY PROGRESSES... ...THE IMPLEMENTATION OF THE CHINESE INTERNATIONAL PAYMENT SYSTEM (CIPS) THIS WEEK...IS A VERY IMPORTANT STEP, AND WILL PLAY A SIGNIFICANT ROLE IN WEALTH TRANSFER AND MANAGEMENT WORLDWIDE AS CIPS IS USED IN PLACE OF SWIFT, OR IN CONJUNCTION WITH SWIFT...
10-11-2016 Newshound Guru Kaperoni Article: "Why you must stop the currency auction?" They cannot end the auctions until the economy, and banking system are ready for the transition. Leaving a monetary policy that is closed is difficult, especially with so many corrupt Iraqi's trying hard to stop it. But if Iraq ever wants to diversify, and invite global investment, they need to work towards Article VIII and the float...and the sooner the better.
10-11-2016 Newshound Guru rcookie Article: "Federal Court: Reply decision to abolish the positions of president of the republic does not mean their return" IT IS NOT A DOOM AND GLOOM DEVELOPMENT...IT MEANS THAT THE PREVIOUS RULINGS AND APPEAL DECISION CONCERNING ABADIS ELIMINATION OF 3 VPP'S WAS OVERTURNED BY FEDERAL COURT TODAY...BUT DOES NOT NECESSARILY MEAN A RETURN OF NAJAAFI...ALLAWI OR MALIKI... DOES ANYONE THINK THE US OR THE REST OF THE WORLD IS GOING TO ALLOW FOR ABADIS REGIME...REFORMS AND PROGRESS TO FAIL...JUST READ THE DAILY STATEMENTS OF UNWAVERING GLOBAL SUPPORT...AND MORE IMPORTANTLY US POLITICAL AND MILITARY SUPPORT....FOR ABADI...IRAQ REFORMS AND PROGRESS...
10-11-2016 Intel Guru ADMINBILL ...IT IS NOT INCONCEIVABLE THAT IT COULD MOVE INTO NEXT YEAR... I AM REACHING OUT TO CONTACTS TO SEE WHAT THEY MAY BE HEARING TONIGHT. I WILL JUST SAY...NO ONE HAS BEEN RIGHT TO THIS POINT SO LET'S SEE WHAT SHAKE OUT OF THE TREES TONIGHT.
10-11-2016 Intel Guru Dr. Clarke The VN Dong - no status change - it can raise significantly AT ANY TIME. NOTHING is holding this currency back from moving significantly higher. This government has set Everything up to move NOW.
10-11-2016 Newshound Guru mike Article: "The source of al-Maliki's office: We have received a notice from the judiciary declared unconstitutional abolition of the Vice President of the Republic" ...the VP is largely ceremonial. The thing is this is further political validation in and out of Iraq. It puts him in the best position to make another run at the PM post. I don't think it will happen, but I bet he takes a shot.
10-10-2016 Intel Guru Dr. Clarke Do You Want to Know What’s REALLY Going On? ...APRIL 2017 - OH NO, ANOTHER DATE - Iraq Dinar Official Rate Change and International Announcement happens, sometime in APRIL 2017 - The 1st month of Their 2nd Quarter - roughly 6 months from TODAY. Now, Logically, this should give Iraq, IMF, UN, U.S. and everyone else, ENOUGH TIME to get everything in order, done, signed, transferred, set up, finalized, double-checked...Yes, you read that right. APRIL, 2017 - 6 months from now - based on our PURE LOGIC, as it exists Today. It’s going to take this long, because Iraq needs the time - they’re SLOW & It’s a Communication NIGHTMARE in the ME. They have major ISIS & corruption problems, that are this far away from getting stable enough to pull this off...But, we’ll say one IMPORTANT thing...“ANYTHING can happen, at ANY Moment” ... because you’re NOT even guaranteed your next Breath - even an RV scenerio”...In our opinion. [post 3 of 3]
10-10-2016 Intel Guru Dr. Clarke The Following is our “LOGICAL FORECAST”...MOSUL - Will not be completed until early December - OFFICIALLY & PUBLICLY ANNOUNCED. 2017 BUDGET - Will not be official and not printed in the Gazette, till the last half of December 2016. HCL...our best guess, is that it will be Publicly Announced as official by December 1, and printed in the Gazette by end of December. (too much money involved here, so NOBODY knows the truth about this animal). All Other Important Laws - Officially printed in the Gazette by end of December. Government Cabinet seats - All voted in and sitting, as of December 1. Contract Rates - Forget them. Non-existent. Rumor. ZIM - One of the biggest Hoax’s we’ve ever seen...800# - There are NONE. Another hype, Rumor... 1st Quarter 2017 - ISX cranks up, Banks in Iraq change, U.S., IMF, UN give Iraq final approval, to announce an International Rate Change and Status for exchange. [post 2 of 3....stay tuned]
10-10-2016 Intel Guru Dr. Clarke There really was, and is, a “Plan” for concluding this “Dinar” ride, for the general public to be exchanged by end of 2016. It’s NOT on SCHEDULE, as of Today. The December 1st date, we talked about before last week, is now gone. No date. Removed. Everything changed over this past week. So, no date to look at in 2016. It’s open ended, as we speak, on into 2017. You want 100% guarantee of a Date to exchange. There is no such date - only probabilities of dates. We don’t give any RATES...NOBODY knows what rates will be...MOSUL...Mosul is NOT done. Whether it is or isn’t, doesn’t matter - It’s still officially, publicly NOT done. Very important piece NOW, to Iraq changing their currency to International and raising the rate. [post 1 of 3....stay tuned]
10-10-2016 Newshound Guru rcookie THEY ARE THE 3 ORIGINAL VP'S...FORMER HOUSE SPEAKER NAJAFI..AND 2 FORMER PRIME MINISTERS ALLAWI & MALIKI... THEY HAVE STATED IN ARTICLE...THEY ARE NOT REINSTATING ALL THREE VP'S...BUT RATHER...ONE...AS PER CONSTITUTION...THE OVERWHELMING GROUNDSWELL OF NEWS REPORT UNWAVERING SUPPORT FROM US...POLITICALLY AND MILITARILY TO ASSURE ABADI REGIME AND REFORM SUCCESS...THE US WILL NOT ALLOW FOR ANYTHING TO UNDERMINE ABADI AND IRAQS GLOBALLY ACKNOWLEDGED SUCCESSES AND PROGRESS... [post 2 of 2]
10-10-2016 Newshound Guru rcookie Article: "Iraqi Constitutional Court draws a painful blow to al - Abadi approve the return of the three vice - president of the republic , despite some of them implicated in corruption cases"
Quote: "The three vice-presidents who are removed from office as Vice-President of the Republic are Osama Najafi, the former House speaker, and Nuri al-Maliki and Iyad Allawi, the two former prime ministers." NAJAAFI APPEAL TO THE ELIMINATION OF 3 VP POSITIONS RULING BY LOWER COURT AND APPEALS COURT WAS OVERTURNED AND RULED UNCONSTITUTIONAL BY FEDERAL COURT TODAY...STATING THE POSITION IN TOTAL CAN NOT BE ELIMINATED...AND SUGGESTS GOING FORWARD THERE WILL BE 1 DEPUTY POSITION NOT 3...ORIGINAL MOVE WAS DONE AS FINANCIAL AND BUDGET EXPENDITURE DRIVEN ACTION...RULED ON BY COURTS AND APPEALS... [post 1 of 2....stay tuned]
10-10-2016 Newshound/Intel Guru BGG [I just read the article today about the Supreme Court and Maliki...] [...malilki is coming back?] Let's not be alarmist...whatever happens - the UN/IMF won't sit still for this JACKASSERY ... exactly what they have been advising against all along. Maliki may think he's won something - he's just brought on the BIG DOGS...
10-10-2016 Newshound Guru Kaperoni Article: "Alusi: The federal decision to return the Vice President meant to rule the survival of the country's Mhassata" Quote: "It is said that the Federal Supreme Court issued today its decision regarding the lawsuit appeal made the decision to cancel the posts of Vice Prime Algmehorah.anthy" Keep in mind these positions are more symbolic than anything. Abadi got rid of them to save the salaries.
10-10-2016 Intel Guru Bluwolf IT IS ABOUT THAT TIME FOLKS, RV ARISING.
10-10-2016 Intel Guru ADMINBILL A DAY CLOSER TO THE PROJECTED DATES FOR POSSIBLE COMPLETION. ALL WE CAN DO NOW IS WAIT. [..do you have a sense of what we are waiting on?] I HOPE TO FIND OUT TODAY. IT MAY SIMPLY BE TIMING.
10-10-2016 Newshound Guru hutch IMF report quote: "The Board of the International Monetary Fund approved a standby credit loan SBA for a period of three years for Iraq and the rights of special drawing SDR value of 3.831 billion units (approximately: 5.34 billion, or percentage of 230%); to support the economic reform program adopted by the Iraqi government..." Thats how the sdr works. They are allowed a percentage of their sdr deposit. Generally it is 200 percent. They have approx 10bl in sdr basket, so they are allowed 200 percent of that. That is why they were able to get a 20bl loan. Thats what the agreement is and the 5.34 is one of the installments. It gets them on their feet. Thats why investment into the country is so important to what OUR end goal is.
10-10-2016 Intel/Newshound Guru Mnt Goat Can many currencies revalue? Certainly they can as we know for a FACT that the IMF has a “Sustainable Development” project which includes goals for many of these so called “underdeveloped” countries with potential. So anything is possible. But is it not likely in the near future.
10-10-2016 Intel Guru ADMINBILL WILL THIS BE THE FINAL WEEK? THAT IS WHAT THE CONSENSUS IS. IF WE ARE STILL HERE NEXT SUNDAY WE WILL ONCE AGAIN KNOW THAT THE YELLOW BRICK ROAD STILL HAS CONSTRUCTION SIGNS IN PLACE. USUALLY THE CONSTRUCTION SIGNS WILL HAVE WORKERS STANDING AROUND WAITING TO BE TOLD WHAT TO DO NEXT. SOUND FAMILIAR? BE OF GOOD CHEER. I STILL DO NOT EXPECT ANYTHING UNTIL MID WEEK AT THE EARLIEST.
10-9-2016 Intel/Newshound Guru Mnt Goat We need to see the launching of the lower denominations and the path executed to the process to continue to the revaluation as the currency goes live and listed once again on the currency exchanges throughout the world...Iraq is almost ready now and I fully expect to see us at the banks sometime during this timeline I have addressed many times already - that of anytime from September 2016 through early part of 2017. I am telling you to watch the mid December review by the IMF as Iraq will once again present their “report card” to the IMF on their further progress. If we hear all good remarks of success from the IMF at this point, then we should begin to see the re-education process begin again on the project to delete the zeros and this will be our signs the RV is near... and the news from Iraq will guide us through it. [post 3 of 3]
10-9-2016 Intel/Newshound Guru Mnt Goat We recently heard in the September report card, they have met all their mandates SO FAR and this was a very good report card for Iraq. But that is not the end of it. There are still much needed laws to create the POLITCAL STABILITY and BANKING STABILITY that is required. They still don’t even have a fully seated government with the 3 ministers being dismissed (Defense, Interior and of lately of Finance). ...did I mention the other needed laws such as the Accountability and Justice law and HCL. I believe these laws too are coming very soon. ...they haven’t even cleared ISIL from Iraq and Abadi must declare openly that “the battle is over”. [post 2 of 3....stay tuned]
10-9-2016 Intel/Newshound Guru Mnt Goat Here comes the HCL: We know this is coming soon...we can see it in the NEWS ARTICLES...we see the details all being ironed out right in front of our noses. Remember HCL is a must for any RV to take place...The news is not meant for us but we can read the articles just the same and use it to formulate some kind of timeline. This will be our big sign that the RV is near...this entire RV process...will begin by launching the lower denominations. We still must wait until at least mid December to see the outcome of the Iraqi report card to the IMF before anything is done. When I talk to my CBI contact this is what I am told. There are mandated terms and conditions Iraq must meet. It is all outlined in the recent MOU and LOI... [post 1 of 3....stay tuned]
10-9-2016 Newshound Guru mike Article: "Hnachel: Who will stop the central bank dollars to steal?" [Stop the auctions.] ...the dinar will tumble and commerce will stop. They have to move to Article VIII first and then stop the auctions. There are other options available, like the CBI leading the charge against corruption and prosecuting those who are pillaging Iraq's money. But, it's pretty clear, they're not ready for that yet. It's going to be more of the same for awhile I'm afraid. Iraq is riddled with corruption, the current CBI governor is a proxy and yet here we are, two years after Maliki was replaced, he's still in as governor.
10-9-2016 Guest Guru EHankins IT SEEMINGLY APPEARS THAT THE LAVA FLOW HAS SLOWED DOWN A LITTLE BIT... NO NOT STOPPED BY NO MEANS. MY GUT TELLS ME THIS SLOW MOVING BEAST IS ABOUT TO GET AN ADDED SUPPLY OF SUPER HEATED MAGMA COMING FROM A SOURCE THAT IS HIDDEN RIGHT UNDER OUR NOSES...IMO.
10-9-2016 Newshound Guru mike It sure seems like they know what they need to do, but in the meantime: Quote: "The economic expert on behalf of Jamil Antoine, said on the ninth of May," the banking system in Iraq put a miserable." All we need is the political will for change, the economists and specialists know what needs to be done and how to do it, they just need the GOI to wake up.
10-9-2016 Newshound Guru hutch [new guru] The lottery ticket people here need to get their heads out of the gutter... Lets say its 3.86 tomorrow morning.... the thing everyone is missing is, what about it be internationally traded? What about the banking laws needed for it to survive... remember, we will need time before the banks in the US ramps up and is ready to make exchanges. Things to ponder. Its really a good thing for us to understand ALL of the inner workings of what is going on, so we can benefit from all of their hard work of rebuilding a country.
10-9-2016 Intel Guru ADMINBILL [...do u think the rollout is moving along well thru our banking system at this time?] I BELIEVE IT IS ALREADY BEEN THROUGH THE BANKING SYSTEM. MORE THAN ONCE. I AM OF THE OPINION THAT IF IT WAS UP TO THE BANKS THIS WOULD HAVE BEEN DONE LONG AGO.
10-8-2016 Newshound Guru rcookie Article quote: "Said MP from the coalition of state law , Jassim Mohammed Jaafar, said Saturday that the prime minister Haidar al - Abbadi, adjourned the submission of candidates to the ministries after the tenth of Muharram holiday, noting that al - Abadi told the Kurds that they have candidates for the post of Minister of Finance." Abadi postpone the submission of candidates for the ministries ... and Kurds disclose the names of candidates to the Ministry of Finance.
10-8-2016 Newshound Guru Islandg1211 ...progress going on with productive talks and agreements between Abadi and Barzani. The battle plans for Mosul and post liberation agreements were made. Kirkuk oil field agreement was made last month. Abadi has stated that oil and gas law is being worked out. ...announcement of the Kurds agreeing to hire Deloitte to conduct the oversight of the oil sales is very positive. Hopefully the Kurds agreement included their cooperation in getting the new ministers voted in and the quick passing of the needed laws.
10-8-2016 Newshound Guru mike Article "The budget deficit and lending policies" I know I sound like a broken record, but the growing corruption is crippling Iraq. The US was going to guarantee a $2 billion dollar loan which would have sent a signal to other lenders that Iraq was a safe bet because the US was behind them. Now that the US has pulled out of that agreement, it's sending a completely different signal to those investors. Whatever dreams Iraq had of securing the needed $12 billion dollars just died, their hopes of borrowing money until the price of oil rose, died with it. Wake up, Iraq, you will not be able to borrow your way out of the problem you created with your rentier state. Definition of a rentier economy: In political science and international relations theory, a rentier state is a state which derives all or a substantial portion of its national revenues from the rent of indigenous resources to external clients.
10-8-2016 Intel Guru ADMINBILL NO ONE NEEDS TO BE DEPRESSED. WE CONTINUE TO BE GOOD. TODAY IS SATURDAY. I EXPECT THE WEEKEND TO BE ACTIVE WITH NEWS ABOUT MANY THINGS BUT INACTIVE WITH AN RV. LOOK MORE TO THE MIDDLE OR END OF NEXT WEEK.
10-8-2016 Newshound Guru Islandg1211 WAR ON CORRUPTION: There is a lot of changes going on inside Iraq to stop the corruption. Abadi has brought in international help to aid with transparency and accountability. ...Kurdistan hired Deloitte to monitor their oil sales. One article stated that Iraq has been taken off the "Grey List" and is on the "White List" for international tax disclosure standards. UN brought in to help with corruption. Abadi is set to present his technocrat new ministers. This will very important to watch to see if he can finally get the GOI to approve his picks. Getting rid of ISIS in Mosul, replacing corrupt ministers with non-political professionals, bringing in professional experts from the U.S. and the UN to stop the hemmoraging of money and establish true transparency is all going on right now.
10-8-2016 Newshound Guru Kaperoni Article quote: "In Iraq, 'all the pieces' are now in place to take Mosul back from the Islamic State..."
10-8-2016 Newshound Guru Breitling Questions [I have heard there will be a final push of US dollars right before the RV and a release of higher and lower denominations. In your opinion do you find this to be true?] Part of it’s right. A push for the US dollar means they are going to take US dollars out of the market of Iraq but they have been doing that anyways. Yeah there may be a major push. That’s what they’re doing…getting rid of the US dollar. It’s all measurable. We know how they lowered the value of the currency. We know why they lowered the value of the currency. We know the steps they took to do it. And we know the steps they have to take to raise the value of the currency. It’s easy. It’s not a debate… So yes, part of that is true but it’s not just only before the RV, in fact they have been doing it for a while. They have been doing it for a while…they’ve been getting rid of the US dollar and lowering the note count. it’s not just before the RV.
10-8-2016 Newshound Guru mike Article: "Chairman of the parliament will hold a meeting with the heads of the blocks Saturday and Jubouri directed the committees to continue their work" Quote: "al-Jubouri, the face of parliamentary committees to continue their work during the recess that will last for ten days on the occasion of Ashura." ...another 10 day vacation for the hard working folks in Iraqi politics. ...Yes, Jabouri is saying they're going to "work" during the break but by now we know nothing of value is going to happen. Over and over they demonstrate a lack of urgency and political will to make the necessary changes in a timely manner.
10-7-2016 Guest Guru Daz THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD. AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET...THEY WILL JUST AS SIMPLY... “TURN THE MONEY BACK ON”. IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE...HANG IN THERE...WE’RE READY WHEN THEY’RE READY. [post 2 of 2]
10-7-2016 Guest Guru Daz IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY. IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY...IN ITS OWN RIGHT. THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY. DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE...A COALITION OF NATIONS “TURNED OFF THE MONEY (DINAR)” AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004. [post 1 of 2....stay tuned]
10-7-2016 Intel Guru SteveI Article: "Parliament warning of the collapse of the Iraqi economy" If this is not the writing on the wall, than I have no clue when they will get it. I personally find this article very positive and a very true picture of the position they are in. It seems like it is make it or break it time for Iraq. I do believe the first part is what they are after.
10-7-2016 Intel/Newshound Guru Backdoc ...IRAQ IS RIGHT ON SCHEDULE FOLLOWING THEIR LETTER OF INTENT WITH THE IMF...I MENTIONED JUST BEFORE THE END OF SEPTEMBER THAT THEY HAD TO ACTIVATE THEIR TARIFFS AND BEGIN BROAD TAXATION WHICH WE CAN NOW CONFIRM BY...ARTICLES... ALL APPEARS RIGHT ON TRACK AS I SEE IT! ALSO, THE CONTINUED LOAN AGREEMENTS WITH THE IMF WERE CONDITIONAL UPON IRAQ COMPLETING THEIR RESPONSIBILITIES.. REMEMBER THAT MANY THINGS ARE COMPLETED ON THE 7TH OF THE MONTH AND GET LAUNCHED ON THE 8TH AS WE’VE SEEN OVER AND OVER AGAIN.
10-7-2016 Intel Guru Bruce Disclaimer on rates or dates, but very very close to our turn... We’re not calling it, and not saying when exactly. Rates: they are very high... This blessing/RV is currently UNDER WAY. Something that has started, that we believe is NOT TO BE STOPPED until it’s at its rightful conclusion. With...ratification of the Paris Agreement, and announced by Obama yesterday afternoon, we are ready to go. I know they’ve celebrating in Iraq since Tuesday. They’ve got their Smart Cards hydrated. Mosul has been taken back, looking out for a positive announcement on that. Things are moving along nicely and it shouldn’t be too long for our turn.
10-7-2016 Intel Guru Frank26 Bagdad, Basrah, Mosul, Erbil, Sulaimaniyah...These 5 cities are where the five Central Banks of Iraq are. We have 4 out of 5...secured...all that is missing is Mosul. In other words...the catastrophic corruption (think GOI/CBI) between banks (think Auctions) and companies in the sale of the American Dollar is coming to an end.” So, they are following the IMF’s instructions...inventorying their product (currency). IMO … I believe we are going to see a budget...by the 3rd week of this month...and see a change in their monetary policy and a change in their currency...THIS YEAR! I’m not giving you a date...but before the end of this year...we are going to see a change.
10-7-2016 Intel Guru Frank26 ARTICLE: “The catastrophic corruption between banks and companies in the sale of the American Dollar is coming to an end.” NINE EXAMPLES that CORRUPTION in IRAQ is being killed:
#1 -- The policing of the United Nation groups, new laws, new banking systems being implemented.
#2 -- The currency auctions are being monitored. That was the hole in the bottom of the ship.
#3 – No more false names / dead people / false companies, etc.
#4 – The USD needs to stop being used (MCP) – which has been used at the borders
#5 – No more false bills / PO’s.
#6 – No false accounts...
#7 – No more diffusion of payments to false areas (building fake parks, etc).
#8 – The antiquated banking systems had to stop
#9 – No more false passports to transport IQD out of country. [post 1 of 2....stay tuned]
10-6-2016 Newshound Guru Islandg1211 Abadi said that the oil and gas agreement is going to take a few meetings to get everything worked out. Today's announcement is the result of one aspect of the meeting getting worked out to everyone's advantage. Was the RV ever going to happen without a fair system in place that the oil companies could trust? No. Two very important oil agreements have been made between Baghdad and Erbil. First was the agreement to split the disputed oil field. Then an undisclosed presumed agreement for post-ISIS Mosul. Now an independent auditor for the Kurds' oil. This is looking very, very good for a completed oil agreement with the Kurds. [post 2 of 2]
10-6-2016 Newshound Guru Islandg1211 I wanted to highlight today's news that Kurdistan has hired DeLoitte to be their oversight of their oil production. This comes after Barzani and Abadi's meetings, and directly is related to an Oil and Gas law agreement. Baghdad has to have faith in the Kurd's oil accounting. No more under reporting oil production. No more illegal sale of oil by the Kurds. Corruption has to stop. The citizen's share of oil has to be fairly and correctly accounted for. Bringing in Deloitte is Huge! [post 1 of 2....stay tuned]
10-6-2016 Intel Guru Dr. Clarke [In your opinion does the Paris Agreement have anything to do with the dinar or dong increasing in value?] NO, NONE WHATSOEVER...But, Oil topping $50 today, does..Big Time.
10-6-2016 Intel Guru ADMINBILL I HAVE BEEN INFORMED BY A SOURCE WHO WAS NOT EXCITED LAST WEEK...WHO NOW IS. WHY? BECAUSE THIS SOURCE, AND 10+ OF THE SOURCES ASSOCIATES HAVE BEEN NOTIFIED VIA AN OFFICIAL EMAIL TO STAND BY FOR TELEPHONE COMMUNICATION TO SET UP APPOINTMENT. OUR TURN IS NOT HERE YET. BE PATIENT. LET'S SEE HOW THIS SHAKES OUT. I AM ABSORBING THE DETAILS AND PUTTING A TIMELINE TOGETHER THAT TAKES INTO ACCOUNT THE TOTAL INFO DUMP OF THE LAST 24 HOURS. BY ALL ACCOUNTS WE SHOULD BE DONE BY THE 15TH...PARIS AGREEMENT SEEMS TO HAVE BEEN CATALYST.
10-6-2016 Newshound Guru Adam Montana [Everyone seems to be waiting for Iraqi to RV. With China now having SDR's, the international emphasis seems to be on Asia. What are the odds that Vietnam or some other Asian country would RV first? ] China is indeed something to watch, I've been paying attention to how that might affect things. So far... nothing big. And I don't particularly think we have to worry about any other country doing something with their currency first - Iraq is very unique in it's situation and ability to maintain a stronger rate based on their physical assets, including geographical location and natural resources.
10-6-2016 Intel Guru Frank26 ARTICLE: “Iraq has enormous economic potential” ...the corruption that has choked off the monetary reforms is...being eradicated. ...the US Treasury put their hands in CBI auctions. They are watching every penny. No more fictitious transfer garbage! No more paying false/dead people. No more bad trades with street vendors. That should make you and I very happy. The stolen money will now be returned. A lot of money have been stolen ...and IMO...THEY WON’T GET MORE LOANS until they lift the value of their currency.
10-6-2016 Newshound Guru mike Article: "Dozens of Dar Al Salam Bank clients are demonstrating in central Baghdad to demand to "break the deposit fund." All the good news we're hearing about the banks is worthless until these types of demonstrations stop. Iraq is great at putting out glowing press statements but where the rubber meets the road, it's the same old story we've heard for years. If someone deposits their money in your bank you are obligated to return it when they ask for it, there should be no need for demonstrations and accusations against the CBI for collusion. This kind of systemic failure by the banks in Iraq will take years if not a generation to overcome without serious change and incentives for the people of Iraq to return and deposit their money.
10-6-2016 Newshound Guru Adam Montana And now let me top this all off with a little bit of sweetness... Article quote: "...Office of the Prime Minister said, that the issue of the Kurdistan Region's share in the budget for fiscal 2017 will be resolved in the coming days." To me, that says...BOOOOOOM! We are 3 months from the end of the year. As I mentioned earlier, they probably felt a bit of a setback from the price of oil, which didn't stabilize where they planned on it settling. Yet they are now talking about the next budget, with concrete(ish) deadlines for specific (and important) milestones. We are already seeing signs that the full Cabinet will be listed and possibly in place - you can bet that they are MUCH further "behind closed doors" than they are letting on - but we are seeing that this progress could happen as soon as this weekend, around 8th of October...we shall see. I'm hearing good things from my people... [post 3 of 3]
10-6-2016 Newshound Guru Adam Montana Abadi's New Government... This could also have a major impact on the progress (or lack of) we saw over the summer, and even last month. ...Abadi did a HUGE staff change...but...some of the people he wanted to throw out or move to the side have dug their heels in pretty good, and this is yet another prime reason I think we saw things slow to a crawl over the past few months. Good news: In Tomorrow or Saturday's session, Abadi is scheduled to give the final list of the new crew...this is a GREAT step for us. The government of Iraq, under Abadi's new leadership, has proven to be immensely more stable than any time during the previous decade. Stability of the Iraqi Dinar...as reported by multiple sources...the trading price on the Dinar has maintained stability against the USD to within a couple percentage points. In fact, one could argue that it's perhaps one of the strongest currencies in any market...The IQD has come an incredible and extraordinary distance in the face of many challenges. We don't think they are done surprising people. [post 2 of 3....stay tuned]
10-6-2016 Newshound Guru Adam Montana I had not hoped for much during September, but there is still a distinct glimmer of hope that we will see some action this month. Does that mean "RV"? Nobody can make that promise, but let's talk about what we know...as we enter October: Over the summer...we saw a very disappointing DIP in the PPB (Price Per Barrel) around August. Bad news: The PPB is not at the $65 mark that Iraq set it's budget at... Good news: Oil has came a long ways in the right direction for them, from ~$35 to the current ~$50. ...an increase in the price of oil - or even a reasonable expectation of that - is good incentive for "The Iraqi Powers That Be" to flip the lid off the button and get ready to push it! [post 1 of 3....stay tuned]
10-6-2016 Intel Guru Bluwolf I wish to tell all that a lot has been happening in all aspects of the current worldwide situations as of Thursday 9-29-2016; 2:45 p.m. est. and that what each of us has been waiting to occur is now a given. My thoughts on this last matter (WE ARE THERE).
10-6-2016 Intel Guru ADMINBILL HEARD...THAT ONE OBSTRUCTION WAS YET TO BE WORKED THROUGH. KICKOFF NOW EXPECTED TO BE COMPLETED ON OR BEFORE THE 15TH.
10-5-2016 Intel Guru Frank26 Is China bringing the strength that the IQD needs...or is the IQD bringing the strength to a basket that is filled with other currencies that the Chinese Yuan has just joined? IMO – I believe that the IQD will not be put into the basket, it will be used to support the basket. That is how powerful the IQD is. [reference Guru Jester post 10-5-16]
10-5-2016 Intel Guru Jester Today, the International Monetary Fund (IMF) announced the launch of the new Special Drawing Right (SDR) valuation basket including the Chinese renminbi (RMB), and the new currency amounts that will determine the value of the SDR during the new valuation period. THE NEW SDR IS HERE!
10-5-2016 Intel Guru Frank26 The ACCOUNTABILITY & JUSTICE LAW, and the NATIONAL RECONCILATION DAY...has EVERYTHING to do with the monetary reform of the IQD! The IMF gave them BEFORE NOVEMBER...if they wanted the LOANS...and now the BONDS. We are NOT deviating from that! US Congress will NOT back them up until they raise the value of their currency...Iraq is following the IMF – regardless of how long it takes. In my opinion, the GOI has less than 18 things they must accomplish. The CBI only has one thing to do...raise the value of their currency. Inside...in my opinion...it will be 1 to 1 with the USD...but that is a neutral event INSIDE OF IRAQ...in my opinion, the lower denoms are in position, waiting for the value to give them life. [post 2 of 2]
10-5-2016 Intel Guru Frank26 Iraq went through a National Reconciliation Day...THAT WAS HUGE!!! Do you know what that is? That’s like our 4th of July – on that day, they told the citizens that they have plans... Abadi received the full plan for the liberation of Mosul...Mosul is eminent... National Reconciliation Day stands for unity, and on that day there was a lot of agreement within the GOI and what they said to the citizens. That they put up a front that IRAQ IS UNIFIED. The accountability and justice law is secondary to the amnesty laws. You are about to see them, and they are important because it brings Iraq together. I believe that tomorrow, Abadi’s speech will talk about that. [post 1 of 2....stay tuned]
10-5-2016 Intel Guru Bruce My understanding from my sources is the Paris Agreement has been ratified. It hasn’t been announced yet. It is good to go and ready for what we are hearing. It is not something we are waiting for. We don’t do rates or dates. It could be right here anytime now. It could happen any day now. Just can’t name it, can’t say it is tonight, tomorrow, or Thursday. We did hear the new rates maybe on XE.com already. I can’t confirm that yet. I like to know if that is the case. If so, we could be right there. I think where we are is very close according to what we heard. All I can say is if it is not the next day or so, it should be here this week.
10-5-2016 Intel/Newshound Guru Backdoc Article: "Masum ratifies border crossings Commission Law" Quote: "The law ensures the smooth flow of work and the achievement of the entry of people and goods and to raise the level of service and border crossing points show the proper manner as interface Iraq," stressing that "the law sent for publication in the Official Gazette." AS I REMINDED YOU ALL RECENTLY THE LETTER OF INTENT REQUIRED THEM TO DO THIS NOW! CLEARLY THEY ARE FOLLOWING THE PLAYBOOK!
10-5-2016 Intel Guru ADMINBILL I HAVE RECEIVED CONFLICTING INFORMATION THIS MORNING WHICH I WILL BRING TO YOUR ATTENTION. THE FIRST BIT IS FROM A RESPECTED SOURCE THAT CLAIMS THAT THE BANKS CLAIM THEY ARE READY EACH AND EVERY WEEK AND YET NOTHING HAPPENS. THIS IS TRUE, OF COURSE, BUT DOES NOT MEAN IT WILL NOT HAPPEN...AND PROBABLY SOMETHING PROVIDING THE PUSH TO GO THROUGH AS PREDICTED, IS THE REPORTED IMPLEMENTATION OF THE 2017 IRAQI BUDGET. LOOKING FOR A GREAT WEEK FOR DINARLAND. LET'S SEE IF THE PUPPET MASTERS LET THE BANKS PROCEED AS THEY ARE ITCHING TO DO. THEY NEED IT TO HAPPEN. SO DO WE.
10-5-2016 Newshound Guru rcookie ABADI ANNOUNCED AWAY FROM CHAIRING COM REGULAR MEETING THE REDUCTION OF DEFICIT IN 2017 BUDGET AFTER AMENDING TO BE $15 TRILLION IQD FROM 32 TRILLION IQD...AND DELIVERS 1ST "EDIT MOSUL" RADIO ADDRESSMENT TO MOSUL CITIZENRY ANNOUNCING IRAQI FLAGS WILL BE FLYING OVER YOUR CITY SOON JUST AS PREVIOUS AREAS...ABADI ANNOUNCES THE PROBLEMS BETWEEN BAGHDAD & ERBIL WILL NOT ALL BE RESOLVED IN 1 OR 2 MEETINGS.
10-4-2016 Intel Guru Frank26 BONDS...in my opinion, it does appear that the USA will not back up the BONDS that the GOI wants to sell. Remember, back in December, the IMF told the GOI that they were going to help them – if they raised the value of their currency. Well, here we are...upon the prepuces of the monetary reform...and Abadi saying they have done everything...well...IF... you have done everything...they get LOANS don’t they? I have not seen the CBI website show me a new rate for the IQD. They have not changed it officially. DO THEY WANT THE LOANS...the 640 Million Dollar Loan. They will get that WHEN they raise the value of their currency...and if they don’t...they won’t get the BONDS. This is not bad news. This is fantastic news!
10-4-2016 Intel Guru Dr. Clarke There’s a Financial Earthquake, taking place worldwide in October, as we speak...shaking up all forms of Security, as we/they know it...the list, too long to relate. You saw one indicator this weekend, when the U.S. postponed the bonds with Iraq, till 1st quarter 2017...Russia, China, Germany, U.K., Venezuela, Afghanistan, Syria, Saudi Arabia, N. Korea threats, Deutsche Bank collapsing, Wells Fargo fiasco & theft, Italy, Japan, U.S. debt load...we could go on, and add the Corrupt & Insecure conditions that exist, not just in Iraq, but in the largest financial systems worldwide... HOWEVER, This could NOW suddenly move right into place at ANY MOMENT...the Announcement, a New substantially increased rate in Iraq, Official International Article 8 status...and Vietnam - substantially increased rate, and a few others soon...the Committee, has the final say. You see all the indicators...This Week is not over...there’s more. IT’S RIGHT HERE...NOW. “ANY MOMENT, ANY DAY”……that’s where we’re at Friends, Right Now, as of Oct. 4, 2016. [post 2 of 2]
10-4-2016 Intel Guru Dr. Clarke We were 100% WRONG about Oct. 3rd. ALL EGO checked at the front door. Why? There are NO Explanations or Excuses...at least none that are worth relating, from any direction. Now, here’s what we Know & can share. We’re Officially in “Any Moment, Any Day” season. This is still the 1st WEEK of October, “Within the Plan”...this important week is not over...and the U.S. & Iraq want an Official Internationally traded currency ASAP. The UN & IMF want a little more Security, which has brought up the question of more time, into the equation...thus this December 1st dateline, we mentioned before...not that it has to wait this long, but we only mention it, because it’s a strong part of the discussion, that’s been considered, and now you know about it. [post 1 of 2....stay tuned]
10-4-2016 Intel/Newshound Guru Backdoc Article: "Central: The dollar fell a natural reserve and we have enough to import a long time" Article quote: "Counting the Iraqi Central Bank on Tuesday reduced its reserves from the dollar, "a natural phenomenon" due to lower selling prices, and stressed that this decrease was "vain" and achieved "very important" economic purposes, social, and as pointed out that the current reserves "are sufficient to cover currency exporting and imports for a long time..." THIS ARTICLE OF "ACTION" IS VERY TELLING INDEED! ALL OF THE SUDDEN THEY HAVE THE NEED TO DE-DOLLARIZE, HEE HEE. AHH BUT THOSE DOLLARS SEEMED TO SERVE THEIR PURPOSE DIDN'T THEY? WITH SOME TYPE OF ACTION TAKEN THERE SEEMS TO BE NO REASON TO HANG ON TO EXCESS DOLLARS THAT ARE GOING DOWN IN VALUE RIGHT? HEE HEE. IT SEEMS THEY HAVE ENOUGH FOR A LONG TIME NOW! GOTTA LOVE THIS ARTICLE! ACTIONS MEAN THINGS! IMO.
10-4-2016 Intel Guru Frank26 ...WF [Wells Fargo] has spent millions of dollars this year to put up some screens in their front lobby...and when you walk into WF, do you know what you see? These big TV screens … and do you know what is on them? Foreign Currency Rates. Why would WF even bother to spend millions of dollars to let you know what the rate is of foreign currencies? What, are they preparing for something? Is the monetary reform coming to an end? ...this is an indicator... how fast and how far things are going along.
10-4-2016 Newshound Guru mike Article: "Iraq begins radio broadcast to Mosul ahead of offensive" ...it looks like they're finally going after Mosul.
10-4-2016 Newshound Guru rcookie Article: "Financial inspector declares re 31 billion dinars to the state treasury" Quote: "...the Office of Inspector General of the Ministry of Finance was able to re amount of 31 billion dinars, the public treasury of the state for the benefit of, the impact of investigations, inspections and investigations rotating established by the Bureau during the first half of the current year." SO 31 BILLION IQD RETURNED TO STATE ACCOUNTS IN 1ST 6 MONTHS OF 2016...
10-4-2016 Intel Guru Frank26 The police action that has gone into Iraq from the UN has discovered that over 300 companies are involved in stealing out of Iraq’s Central Bank. Isn’t the IMF going ballistic because of this information? Oh yes! We are cleaning it all out – like a root canal. Trillions have been traced/stolen... if they bring those dinars back...wow! According to recent articles – the citizens are now trusting the banks in Iraq. That is important part of the monetary reform! So they’ve taken them from a Black to a Gray to a White List. you know what a white list means? It means that their banking structure has no restrictions on them. [post 2 of 2]
10-4-2016 Intel Guru Frank26 All Providences are preparing themselves to deal with the INTERNATIONAL world. ...it’s no longer about terrorism. Iraq desperately wants to join the international world – but corruption is everywhere. Who’s behind the corruption? The ministers who have been stealing from parliament or the CBI through the auctions. Remember, the auctions used to be between 3 to 4 Million a day? Now these auctions are much, much lower. Family members of the GOI and banks in other countries have been involved in stealing money. The UN is looking at everything to help Iraq move into an International market place. The international world is looking inside of Iraq...to help them become international. The UN is there to provide discipline and stop the corruption...security teams with the UN are there. [post 1 of 2....stay tuned]
10-4-2016 Newshound Guru mike Article: "US Congress refuses to guarantee half the value of Iraqi bonds" Quote: "Iraq plans to raise two billion dollars from the global debt markets this week to fill the budget caused by lower oil prices gap after the US Congress refused to guarantee half the value of the bonds." No more loans for the corrupt politicians, a rising tide should raise all boats, so far, only the elite are doing well. Pass the laws and open up the markets, they've wasted enough time trying to maintain the status quo that even they can't afford without begging and borrowing from the rest of the world.
10-3-2016 Intel Guru ADMINBILL JUST INFORMED BY INTERNATIONAL SOURCE THAT THE FINAL PEG REQUIRED TO FUND RV HAS BEEN ACCOMPLISHED. NO LOOKING BACK. THIS WEEK LOOKING EVEN BETTER THAN AN HOUR AGO. WEDNESDAY - THURSDAY.
10-3-2016 Newshound Guru Kaperoni [...is there any part of you that feels the dinar will never reevaluate] I am certain the dinar will rise as a result of opening the market economy. Do I fear a delay? Yes. As long as Maliki can interfere delays can and probably will happen.
10-3-2016 Newshound Guru rcookie FYI...LOWER AUCTION SALES NOT CORRELATED WITH REDUCING NOTE COUNT...[Do the lower numbers over the last week or so tell us anything?] YES...THAT THE UST HAS PUT ITS PIMP HAND DOWN IN THE CBI...BLACKLISTED 300 AUCTION ACTORS TODAY...
10-3-2016 Newshound Guru mike I don't see any kind of reconciliation with the Kurd's. Abadi can't do it and Barzani, by now, doesn't want to do it. Just two days ago...Maliki requested that Barzani and his entourage be arrested when they got to Baghdad. Does that sound like a GOI that wants to hug it out with the Kurd's? ...Abadi...can't do it alone, he needs Parliament behind him. Plus, Abadi is acting exactly like Maliki, Iraq currently has no Interior, Defense, Foreign or Finance Minister. Iraq needed a strong, independent and honest politician who could unify the country and end the rampant sectarianism and corruption that's keeping Iraq on it's heels. That hasn't happened. The Kurd's are as alienated as they ever were and the Sunni's are distrustful of the Shia who are supposed to be liberating them from ISIL. It's the same old song so far, I'm hoping something changes soon...
10-3-2016 Intel Guru ADMINBILL THIS WEEK LOOKS PROMISING. MANY POINTING TO A CONCLUSION. BANKS ARE READY AND NEED THE ASSET BACKED CURRENCY TO STIMULATE BOTTOM LINE.
10-3-2016 Newshound/Intel Guru BGG WHAT DID SHABIBI SAY WAS MOST IMPORTANT DETERMINANT TOWARD MONETARY REFORM. 1) inflation 2) corruption? Article quote: "Annual inflation index in Iraq decreased slightly by 0.2%, during the period from August / August 2015 and up to the same month of 2016, while the monthly inflation index rose in August." So if, as Dr Shabbibi said - it's about inflation and corruption - these things are being dealt with directly...it appears they are making direct and rapid progress as per their agreements, directives and oversight from the IMF from the summer and before. It's IN THE WORKS NOW!!
10-2-2016 Newshound/Intel Guru BGG [There are 5 sovereign Ministers for the GOI, 2 are filled. What's the prospects of completing all 5 with the inclusion of the above ministers?] The filling of these positions is inevitable. When - may be another story... However, given their recent progress - I doubt there are any long term hold-up's. I just don't see it.
10-2-2016 Intel Guru ADMINBILL THIS LOOKS TO BE A VERY GOOD WEEK. THE CHINESE CONTINUE TO PUSH THIS TO CONCLUSION WHILE THE USA CONTINUES TO STALL IMO. THE STALLING CANNOT BE CONTINUED MUCH LONGER AS MOST BANKS AND ECONOMIES ARE ON THE BRINK OF COLLAPSE. WITH THE RV/GCR MANY THINGS WILL CHANGE THAT WILL NEGATIVELY EFFECT THE VALUE OF UNITED STATES DOLLAR WHILE AT THE SAME TIME INCREASE THE VALUE OF OTHERS. THE STALL WILL NOT CONTINUE. I AM LOOKING FOR GOOD THINGS TO HAPPEN VERY SOON. WE KNOW THE BANKS ARE READY IN THE USA AND ELSEWHERE.
10-2-2016 Newshound Guru rcookie ...IRAQ STRUCK DEAL IN JULY TO COMPLETE MONETARY REFORMS INCLUDED IN 2017 BUDGET...WHICH THEY DID...AND US HAS NOT HELD ITS END OF THE BARGAIN AS FAR AS GUARANTEEING HALF OF THE BONDS...WHICH WERE IN THE 2016 BUDGET AS WELL AS THE PENDING 2017 BUDGET...THEY ARE SAYING THEY ARE GOING TO DELAY THE BONDS THAT WERE SCHEDULED TO BE LAUNCHED BEFORE END OF 2016 ...TO EARLY 2017 BECAUSE US CONGRESS FAILING TO APPROVE...THAT WILL BECOME ANOTHER AMENDMENT TO 2016 BUDGET LAW THAT WILL HAVE TO BE ADDRESSED... THE LOAN AFFECTS BUDGET EXECUTION...NOT CURRENCY REFORM...BOND DELAY AFFECTS THERE ABILITY TO EXECUTE THE BUDGET AND ADDRESS THE DEFICIT THRESHOLDS SET BY THE IMF...
10-2-2016 Newshound Guru mike Article: "Iraqi attempts to issue international bonds to ensure the failure of US" The fallout from sacking Zebari is costing Iraq dearly. It looks like Zebari was trusted by the US and now that he's gone, we're not going to guarantee any more loans. The corruption is killing Iraq at every turn, and now that the Reform Front is gutting Abadi's cabinet, it's getting worse. The funds Iraq was looking for at the end of this year and for 2017 are disappearing, I don't know how they're going to make up the shortfall.
10-2-2016 Intel Guru Frank26 [ I BELIEVE WE SAW ARTICLES THAT STATED IRAQ HAD NO MORE THAN 3 DAYS TO SHOW IT TO THE WORLD ONCE THEY ACTIVATED THE RATE.] Yes...Also ... In country they can make an announcement and not post a rate ...Up to 3 days.
10-1-2016 Intel Guru Frank26 Dr. Shabibi is no longer in Iraq...he’s not in Baghdad...he’s not in the Green Zone...he’s not in the CBI...Dr. Shabibi lives in Europe... and he is actually no longer with the CBI...and he’s not coming back...it is possible he might make a speech from somewhere else...but he does work with the IMF...but he’s not coming back...he’s finishing up his work.
10-1-2016 Newshound/Intel Guru BGG Mosul HAS NOT been liberated... though it is likely a "foregone conclusion" - some time ago, astute analysts have been saying the politics would be harder than the actual "battle" itself... and it looks like they are getting very close to broad-based agreement on the subject.
10-1-2016 Intel Guru ADMINBILL IT APPEARS WE ARE ON THE DOWNHILL SLIDE ON THIS RIDE IF EVERYTHING WE ARE HEARING AND SEEING IS TO BE BELIEVED. I PRAY IT IS SO. MUCH HAS HAPPENED AND MUCH CONTINUES TO HAPPEN. [...do you think what is going on with the Deutsche Bank is effecting the RV?] YES.
10-1-2016 Newshound Guru mike When I first got into this the official rate was 1170-1 and then dropped to 1166-1. Last year the dinar took a small hit and the value went to 1182-1, which I never thought I'd see, we've been expecting a raise in the rate, not a decrease. As of yesterday, the street, or market rate for the dinar is 1291-1, roughly 9%. The MCP cannot exceed 2% so we're far from IMF MCP compliance. [post 3 of 3]
10-1-2016 Newshound Guru mike I know we're all counting on the beginning of 2017, but I remember when they said Iraq would join the world in the middle of 2016 and that never materialised. Here's hoping they can make good on their claim for 2017, it's clear that what they're doing now is moving the country backward, not forward...who would have thought we'd be sitting here in 2016 at 1182. Iraq needs a non-sectarian, transparent government wIth the political will to improve the quality of life for the citizens and advance the country. Your move, Abadi. [post 2 of 3....stay tuned]
10-1-2016 Newshound Guru mike Article: "Financial problem in Mesopotamia (the crisis generated crises) when dealing with (economic crisis) in Iraq? The causes and solutions? Why occupy Iraq is full of opportunities and resources armies of the unemployed?" Quote: "what we thought previously a good price (1500 dinars per US dollars) is no longer enough now." This guy is opposed to the idea of lowering the rate of the dinar to 1500-1, he states very clearly that a stronger dinar would be better for the citizens. Maintaining the status quo will continue to drain the reserves, if they don't make a move soon, the options available will be limited. He's also firmly against the trend Iraq has taken regarding trying to borrow their way out of the pickle they're in, it's not a long term solution, they're putting a band-aid on a bullet hole. [post 1 of 3....stay tuned]
10-1-2016 Newshound/Intel Guru BGG Article: "The Peshmerga under the command of al-Abadi and increase the budget of the Kurdistan" it appears this recent visit in Baghdad by the Kurds (which hasn't happened in a long time)... went VERY well...(almost as a "side note" it appears they are hammering out a new Oil deal... I would more expect it to be along the lines of the last, for expediencies sakes - "codified" in the next budget...) rather than a legit HCL... (which is fine)... it all works
10-1-2016 Intel Guru ADMINBILL ...RV/GCR WILL NEED TO GO PRIOR TO OR AT THE SAME TIME AS HB's [HISTORICAL BONDS]. BEHIND THE SCENES ACTIVITY SPIKING INTERNATIONALLY.
9-30-20216 Intel Guru ADMINBILL Friday is upon us once again. But will this Friday be different? This is the last Friday of the month, of the quarter and of the fiscal year. My sources continue to say we will see this on or before the 10th with a high probability of Monday. All we can do is keep watching and listening and pray they are correct.
9-30-2016 Intel Guru Dr. Clarke [...based on the events of the past 72-hours, are you still confident for "Calling This RV" for Monday, October 03rd 2016?] We are completely prepared to be "Tortured, Ridiculed, Slain, Burned at the stake, Blamed, Caballed, Deviled, Evil-ed, Disavowed, Discredited, Favor-less, and completely Obliterated" by all of Dinarland...if it doesn't. With a Smile on our Face...YES.
9-30-2016 Intel Guru SteveI Article: "A government official: There is a shortage in the domestic market Dinars" Quote: "the fiscal policy of the Iraqi government in general is facing a shortage of Iraqi dinars in the local market." This problem is about to change in the very near future. Hang in there.
9-30-2016 Newshound Guru rcookie [any news on parliament voting?] TUESDAY...JAAFARI QUESTIONING 9TH...ABADIS MINISTERS INCLUDING FINANCE, DEFENSE AND INTERIOR NEXT WEEK...
9-30-2016 Newshound Guru mike Article: "Sources: al-Jaafari anticipates dismissal submit his resignation to Ebadi" And another one bites the dust and brings the total to four ministers from Abadi's cabinet who will be gone. Maliki and the Reform Front are gutting Abadi's cabinet. Iraq now has no Interior, Defense, Finance and Foreign ministers to represent Abadi, wonder who's going to be next? The thing we're waiting on is the necessary legislation to create an open market economy to allow the dinar to appreciate, and without a cabinet or a functioning government, it's going to be very difficult.
9-30-2016 Intel Guru Frank26 I think the barrel of oil is going to go to somewhere around $120...for about three months and then come back down to $60....they would be out of trouble at the blink of an eye...this will fuel the budget…And with ISIS not controlling oil any longer anywhere in the ME...and with the auctions now being controlled by the UN police...the days of ISIS are numbered...ISIS cannot sell any oil on the black market anymore...is this a coincidence...that the price is now going up when they are no longer in control of any oil....well would it be a coincidence if the Iraqi dinar were to go up when they are no longer in control of what they stole. Iraq set its oil ceiling and will prop up oil prices for the international market...you know why...so they can be in line with OPEC. [post 2 of 2]
9-30-2016 Intel Guru Frank26 The price of oil was adjusted...and ...amended into the budget and that helped tremendously...there was an adjustment of 90.22 trillion IQD...that is the $77 billion that was reduced...you should pay attention to these numbers that I am reading to you...you can go to the CBI website and look...they are expressing them in IQD’s...that is huge...that makes the IMF really happy... I also want to share with you is that OPEC has agreed to freeze their oil production...and just because they did that...it caused the barrel of oil to go up by $2.35...and it is going to continue and continue... [post 1 of 2....stay tuned]
9-29-2016 Intel Guru Frank26 ...these UN groups...are watching the GOI bad guys...and the CBI bad guys...they are watching how things are being paid...they are really eyeballing every movement...every step...of the CBI auctions... because that is the main way that money has been stolen from Iraq... The word is that things are moving along fast...even the budget was reduced... that was a huge factor that was talked about over in DC/NYC...it was reduced by $77 billion. ...in the next two or three weeks let’s see what happens to Abadi and the GOI and the CBI governorship and the new technocrats that will come in and what the UN report will be when they are done with what they are doing in Iraq....there is a lot of stuff that is going to come out in the next two weeks. [post 2 of 2]
9-29-2016 Intel Guru Frank26 ...we have been proposing the idea that in Iraq it is not so much terrorism that is so much of an urgency...it is more now focused on the corruption...we told you once Mosul was given to you the Monetary Reform would be talked about a lot...since Abadi has been back...it has been article after article about their Monetary Reform...about floating...about the exchange rate...about changing it...when Abadi left to go to DC. and deal with Obama and go to the United Nations in New York City to deal with the corruption of his country...he asked for many things...he got them...he got many things...and...one of the things he got was more security to deal with the corruption...in fact when he left...the corruption in the GOI lifted its feet up again... he brought the UN...that is HUGE... [post 1 of 2....stay tuned]
9-29-2016 Newshound Guru mike Article: "Consultant Abadi: Barzani looking new agreement in Baghdad to export oil region" This is where the rubber meets the road when it comes to the HCL. Barzani wants a province centric HCL which is transparent and allows more input from those who are actually pumping it. Here's hoping Abadi can get something fair pushed through.
9-29-2016 Newshound Guru rcookie BARZANI IN BAGHDAD FOR 1ST TIME IN 5 YEARS TO MEET WITH ABADI AND BLOCS...GOING TO BE HUGE WEEK..
9-29-2016 Newshound Guru Adam Montana [...with Maliki in our face, almost daily: Please comment on the possible reactions that may occur from his actions.] I still don't put much stock in Maliki's presence.
9-29-2016 Intel Guru ADMINBILL THE INFORMATION FROM LAST NIGHT AND THIS MORNING REMAINS GOOD. SOME IS IN AGREEMENT WITH [GURU] DR. CLARKE'S POST FROM YESTERDAY. SOURCES TEND TO BELIEVE THAT THE RV HAS HAPPENED WITH A CONTINUATION OF A SLOW ROLL OUT IN PLACE. MOST AGREE THAT "INTERNET GROUPS" WILL BE PARTICIPATING ON OR BEFORE OCTOBER 1OTH... [reference Guru Dr. Clarke posts 1, 2, & 3...9-28-2016]
9-29-2016 Intel Guru Frank26 After Mosul we would see more on the Monetary Reform...I believe Mosul is coming to a close now because different parts of the Economic Reform came out before they even told you about Fallujah...I’m seeing the Monetary Reforms in the last few days come out in great strides...Try to stop an avalanche...it is coming down like a lava flow... you can’t stop this Monetary Reform.
9-29-2016 Newshound Guru Adam Montana [Do you think oil with stay low & cause the RV to delay or come out lower?] I think oil will start to go back up OR Iraq will adjust, but it will not be a permanent delay. [Do you still think we can / will see an Oct RV or simply things "getting better".] Both.
[ I am under the impression Mosul will be retaken by the joint forces within a few weeks. Does that make any more reason for them to finally roll out there new rate?] It's not "the" reason, but it's definitely forward progress and a positive thing.
9-29-2016 Newshound Guru rcookie Article: "Iraq: 634 receive Advisor Abadi million dollars from the IMF and the budget deficit "shrinking" Quote: "...the size of the budget deficit in 2017 shrank from 34 trillion to 12 trillion dinars, indicating that the next instalment of an IMF loan for Iraq amounted to $ 643 million..." AND THERE IT IS...DEFICIT TRIMMED FROM 34 TRILLION TO 12... [those numbers are amazing.] WITH IMF ASSISTANCE AND GUIDANCE JUST LIKE 2016 BUDGET THEY CO AUTHORED...NEVER... EVER...EVER HAPPENED IN THEIR HISTORY...NEVER...THEY FINALLY RIPPED THE BAND AID OFF...READY TO PLAY IN THE BIG BOY SAND BOX... [post 2 of 2]
9-29-2016 Newshound Guru rcookie Article: "Cabinet approves 2017 budget amendment" SO 2017 BUDGET AMENDMENTS APPROVED BY CABINET...JUST AS LAST YEAR WITH THE IMF CO-AUTHORING BUDGET AND MANDATING THE CRITERIA THAT WOULD QUALIFY THEM FOR THE SMP AND THEN SBA LOANS...THIS YEAR EXACTLY THE SAME...THEY GOT THEIR 2ND INSTALLMENT OF SBA MONEY BECAUSE THEY MADE THE NECESSARY AMENDMENTS TO IMPAct deficit and reforms that were then inspected and approved by imf before relaesing loan money... [Will the OPEC decision today hinder those output numbers?] NO...THE OPEC NEWS IS GREAT BECAUSE IT WILL POSITIVELY IMPACT BUDGET REVENUES...AS OIL WAS ADJUSTED TO $42...DEFICIT ATTACKED ON BOTH ENDS.....IMF SMILES AND CUTS NEW CHECK...SIMPLE. [post 1 of 2....stay tuned]
9-29-2016 Newshound Guru mike Article: "Trade protectionism stimulate national industry" Quote "...resort states to various means in order to encourage and support enterprise productivity to achieve economic growth..." We've known this for years, so do the Iraqi's, what's missing is the political will to implement the much overdo changes to the open market economy. On a positive note, at least they know what they need to do. Now they just need to do it.
9-28-2016 Newshound Guru Adam Montana ..."on par with the neighbors" --- I've heard this one for years and there is absolutely no reason one country can value its currency at a higher rate just because another country close by is at a higher value relative to the dollar...thats like me saying well bob down the road who is a CEO of his own company just got a new mustang ... I should have one too ,even though I work part time in pizza hut...with todays crazy lending policies I probably could get the loan for it in this scenario but long-term it will destroy me just like if Iraq jumped the gun and set a rate too high based on a false belief in their ability to maintain that rate or deserve it. As mentioned above the factors that affect the value of a currency cannot be overlooked or dismissed just because one might want to keep up with the jones's (or Muhammad's in this case) its just an ego thing. I do think some day it will be on par, now whether thats because the IQD increases in value or all out chaos engulfs the middle east and everyone else drops to Iraq's current value I don't know but time will tell. [post 2 of 2]
9-28-2016 Newshound Guru Adam Montana [via The Machine] [Oil prices are relatively stable, the price of gold is staying above $1300/oz and most likely going up. Iraq has plenty of both. With all that has gone on with Iraq this year: CBI talk, banking, more oil, more gold, security, government, IMF and UN aid, etc...things are actually looking promising. I know about your 10 cent stance, and...I was just curious if you've heard anything about a possible rate of 13-26 cents, like a few other middle east countries are currently valued at as well. Just so Iraq can be 'on par' with some of their neighbors, and take advantage of the resources they possess or have yet to tap into.] oil prices stable ish --- yes...gold price staying above $1,300/Oz and heading higher --- I sure hope so...Iraq has plenty of both --- well we know for sure they have a lot of oil, how much gold they actually have at the moment is anyones guess. as for the rate --- 1c , 10c , 50c, $50 per dinar or even the current rate, it really doesnt matter to Iraq what the rate is life continues as normal, there are 120 factors that determine the value of a currency, everything from political stability to standard of healthcare, structure of the economy and population educational levels then the usual things like reserves, natural resources, workforce participation, interest rates, banking structure and policies, inflation rates and the volume of cash in the economy etc. [post 1 of 2....stay tuned]
9-28-2016 Newshound Guru Aggiedad77 Article quote: "The United Nations Development Programme (UNDP) signed an agreement today in Erbil with the Ministry of Planning of the Kurdistan Regional Government (KRG) to establish a new Funding Facility for Economic Reform (FFER)." Notice how the UN and it's various departments seem to all of a sudden be falling all over Iraq in attempts to help them....what pray tell might be coming from all this new found assistance.
9-28-2016 Newshound Guru firefly "Law No. (27) for the year 2016 general amnesty Arabic Original Document 26 Sep 2016" From the Iraq Local Law and Governance Library folks! In Print now. It is now Law.
9-28-2016 Intel Guru Dr. Clarke There just isn't a 100% complete indication, from any direction, on this Oct. 3date right now, but it is a very high probability, much more, than implementing the December 1 scenario. The reason, is that they realize, the more time taken, the more problems that will inevitably surface. They, (meaning primarily the U.S. & Iraq), want to move on this NOW, but the UN & the IMF are leaning toward a little more time, to suffice the global picture...there are a couple countries right now, seriously threatening, as we speak...These are purely our Beliefs & Opinions, as to the status of things, at this point. As of Right Now, OCT. 3rd is it. ..."Time Will Tell" ...the VN Dong - we have no status change, at all - still...at any moment. [post 3 of 3]
9-28-2016 Intel Guru Dr. Clarke The consideration, is that this would give them some extra time, to fully integrate the affairs within the country, managing the changeover sufficiently within all aspects of their banking and regulation systems - lower denoms, auctions, pricing, etc., finalize some political shuffling of key positions, finish a handful more laws, and secure a little more ISIS details - all before becoming a Full International partner, and the onslaught of changes that come with that - ALL while these other things play out, after the Oct. 1 date... [post 2 of 3....stay tuned]
9-28-2016 Intel Guru Dr. Clarke As it stands RIGHT NOW, it looks like we'll have an Official International Rate increase and exchangeable Iraq Dinar currency, on Monday, October 3, 2016. The next few days will fully determine this outcome, based primarily on events OUTSIDE Iraq, believe it or not, for this date...it has to do with the full integration of several other key political powers, and their current positioning politically. There are moves being made, as we speak, that are of serious concern. That's all we can say about that, at this time. Because of this, at this point, there is strong consideration, to FIRST substantially increase the IN-COUNTRY rate by Oct. 3, countrywide only, without granting an International status, until the Approximate time period of December 1, 2016, at which time, Iraq would Officially become an Internationally Tradable and exchanged currency, outside the country. [post 1 of 3....stay tuned]
9-28-2016 Newshound Guru Kaperoni Article: "Float the Iraqi dinar economic phenomenon that will support the national currency" hopefully the plan will be put in place soon so Iraq can start to create a private sector. The dinar is key to that success.
9-28-2016 Newshound Guru Adam Montana If you're watching the news stories, you'll already know that my prediction to start seeing things moving around now is taking shape... we've actually got news! Which is a GREAT thing, considering the lull that we were in for the last few months! I think it's clear that things are picking up pace. And that is exactly what's happening now... I am liking the current situation.
9-28-2016 Intel Guru Bluwolf The 170 hours ends sometime tomorrow. What it transpire is not known by me. For see this is on a timer (It has a day and specific time agreed on by all countries). The rates are admirable and high and the banks are all ready. Know that the US is in the original basket and it also is revaluation. Vietnam, Russia, China, Iraq, Iran, Brazil, Mejico (Mexico for you), South Korea, to name a few are in that original basket of twenty. ... the timer is about to expire and all GCR related happenings will become the world's new reality.
9-28-2016 Intel Guru Bruce Where are with Iraq? They have revalued in country, they are using Qi cards, back pay all the way back to January. Decent rates on cards. Iraq did all they were asked to do. The G20 meeting was positive, the treaties, Paris Treaty, all agreed upon. It was just announced, the Paris agreement yesterday in the UN general assembly. It was a very big deal when that went down. We are in excellent position to receive this blessing in very short order. Don’t know next day or so, but believe this is our week. That is the sort of the timing we are looking at right now. We are pretty close...get ready and prepare for your new lives that should start here pretty soon.
9-28-2016 Newshound Guru Kaperoni Article: "Central bank: Iraq will emerge from the gray list to the white early next year" Quote: "...the highest international group to monitor the money moving internationally to remove Iraq from the gray list to the white early next year, 2017..." This is one of those articles that is so matter of fact. There can be no confusion what the CBI is saying here. No misunderstanding. Here is what the IMF said in the SBA..."The authorities will gradually remove remaining exchange restrictions and multiple currency practice (MCP) (MEFP, 14). Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate." We can clearly see that early 2017 the CBI plans to enter Article VIII. This will facilitate international investment, confidence and international transactions using the dinar. This also, IMO will be when the dinar begins to float. As already stated, the CBI plans to introduce a new 50, 100, and 200 at the same time so we can expect the dinar to improve significantly in 2017.
9-28-2016 Intel Guru Frank26 Abadi is trying to take his country into the future...into the international world and to do business with it...not with the program rate...the UN applauded and said bravo to Abadi...and he met with many nations...and those nations promised many things to him...why would they do that at a program rate... Article quotes: "We Will Raise the Value of the Iraqi Dinar and it will be to Reduce Corruption by Hitting One of the Main Sources of Currency Auctions” "To Restore Confidence in Iraq Currency Retreating..." IMO I think...that Mosul is so very close to us...because of that I believe now they want to talk to you about the Monetary Reform of the Iraqi dinar...and that is good. There was another article...dealing with the Monetary Reforms and they said...we the Finance Committee, suggested that the best thing for us to do is to create a float...our exchange rate...once again another example within 48 hours of Abadi coming back from NYC and DC you see a lot of talk about the Monetary Reform. [post 2 of 2]
9-28-2016 Intel Guru Frank26 ...we were...looking at the fact that Abadi was in Washington, DC...he left early...he actually left Thursday...and he was in Iraq Friday morning and...that to us was very significant...I think the most important reason is why did he come back...because the cockroaches were once again trying to mess with the GOI...the biggest issue IMO was to deal with Maliki...and Maliki’s son...But he has been caught with all the millions that he stole…this evidence is being piled up against Maliki and his son that is dealing with corruption...United Nations also says to Abadi...we are going to come with you too...why did they come to Iraq with Abadi...I guess it is because they are dealing with corruption not terrorism. That is huge...all of the bad people we see over there are being dealt with right now...it is the root of corruption that the UN is now over there dealing with...and Abadi is right there dealing with them...Abadi is not targeting Maliki…that would be politically dangerous...but Abadi is allowing the UN to come and do the corruption clean up...in fact the US Treasury is there too...why...because the UST and the UN are both there now monitoring the CBI auctions... [post 1 of 2....stay tuned]
9-27-2016 Newshound Guru Kaperoni Article: "Float the Iraqi dinar economic phenomenon that will support the national currency" Quote: "Economist banks Rahim al-Adli suggested to the Central Bank of Iraq and the government "unrestricted flotation" Adoption in the auction currency instead of "limiting factor" that determines a fixed exchange rate to the dollar price..." This is the plan, but they must create the conditions first by passing laws, etc. so investment comes in and the dinar appreciates. If they do it now, the dinar may devalue..which we do not want.
9-27-2016 Newshound Guru rcookie Article: "Jubouri ahead of us a historical responsibility to prosecute the corrupt and detection" HISTORICAL RESPONSIBILITY TO DETECT AND PROSECUTE THE CORRUPT...AND "THE NEED TO SHIFT FROM A CRISIS SITUATION TO A STATE OF POLITICAL AND EXECUTIVE STABILITY"... WOW!!! NUFF SAID...
9-27-2016 Intel Guru ADMINBILL NO NEWS OTHER THAN WE ARE EXPECTING COMPLETION ON OR BEFORE THE 30TH OF SEPTEMBER. WILL WE SEE IT? MAYBE. COULD IT BE AFTER OCTOBER 1ST. SOME SAY IT COULD. ANYTHING IS POSSIBLE.
9-27-2016 Newshound Guru rcookie Article: "Parliamentary Finance: Financial Management Law will reveal flaws in the state's economy..." THAT IS PROBABLY THE BIGGEST AND MOST IMPACTFUL LAW WE HAVE BEEN WAITING FOR... SO...WILL BE DISCUSSED IN THE NEXT HoR SESSION... [which is next week right?] YES...TUESDAY...THE FLAWS THAT IT WILL REVEAL IN THE IRAQI ECONOMY...IS THE VERY REASON THE IMF HAS PUT SUCH WEIGHT ON ITS ADDRESSMENT...
9-27-2016 Newshound/Intel Guru BGG Article: "Urgent parliament obliging the government 10 days the progress of modifying the 2016 budget law" [why do the need to modify the 2016 budget?] I suspect they have some "house keeping" to get in order at the "behest" of the IMF... I know they have some missing line item things in the 2017 budget they have to get fixed as well... (about 12 billion worth of oil expense - from the sounds of it - IMF "no likey"... ).
9-27-2016 Newshound Guru mike By all appearances, Maliki and the Reform Front can get just about any legislation pushed through now in Parliament, just look at the messed up Amnesty Law that was just passed. If Maliki can get his version of the HCL pushed through, he can criminalize the actions of the Kurd's when they sell oil outside of the SOMO network. Barzani won't wait for that to happen. Again, this is just an opinion. [post 2 of 2]
9-27-2016 Newshound Guru mike Article: "Parliamentary Power: 4 points of contention hinder voting on oil and gas law " In my opinion, the HCL will be the law that pushes the Kurd's to hold a referendum and try to separate from Iraq. There have always been two HCL's, one was a centralized, socialist type law that empowered Baghdad to make all the decisions regarding oil, they would sign deals with the oil companies, determine where drilling would take place and collect 100% of the money's involved. The Kurd's and a couple of other provinces, aren't for that. They want more control and input over the process and want to limit the centralized approach that got Iraq into the oil mess they're in now. Iraq has delayed the provinces desire for their own laws and authorities, this will only further subjugate the provinces to the out of touch MP's in Baghdad. [post 1 of 2....stay tuned]
9-26-2016 Newshound/Intel Guru BGG [The Investment Law...is a pretty direct law, any idea what "tweaks" need to be done?] I am not exactly positive about what they are doing with it - but it appears they will make adjustments to an existing law to satisfy international pressures... and by all indications - it will happen soon. Probably one of the final pieces to the puzzle.
9-26-2016 Intel Guru ADMINBILL ACCORDING TO ALL SOURCES THIS SHOULD BE A GREAT WEEK. ..."TIME WILL TELL".
9-26-2016 Intel Guru Frank26 [...is the big event that is supposed to happen by November 1 something that we will be a part of...or will it only be for Iraq, as when they went international in July, but was only for them?] Have said many time IMO RI is now with RV in 2017. How can one complain on that opinion? Have also given..two reasons why these seem to have been put ahead of it's schedule.
9-26-2016 Newshound Guru Enorrste Article: "Iraq to the whitelist financially" it is clear to me that this is all do to the workings of the IMF in the background. I am actually beginning to think that the IMF may accomplish its goal which is to bring Iraq into the world market by early next year. This is something that Iraq alone could not do but we are seeing small pieces of the puzzle coming together on a more and more regular basis ever since the IMF made its promise.
9-26-2016 Newshound Guru Stryker Article of the Day!!! "Iraq expects to move to the white list financially early 2017"
9-26-2016 Newshound/Intel Guru BGG Article quote: "...he said Hafiz said the deal is going on in economic circles on the text submitted an analysis of the budget in 2017 to be taken into account fundamental issues in dispute , particularly the exchange rate of the Iraqi dinar..." they are in the middle of making some final "re-workings" on the 2017 budget... one of them sounds like some different exchange rate...which is weird... how can they "decide" what the price of oil will be - or their exchange rate... unless they already know.
9-26-2016 Newshound Guru rcookie Article: "Rise in the market value of companies in the stock market" Quote: "Mustafa al - Hashimi headed Iraq Stock Exchange to contract with one of the Arab corporate systems and programming for increased activation of the trading process through Alanturnt.ozkr weekly report of the Stock Exchange, seen by the «morning» he hoped the signing of the Convention in October next month and that the service is launching in quarter the first of the year 2017." THE ONLINE TRADING PLATFORM...THE SERVICE WILL BE LAUNCHED IN 1ST QUARTER 2017...AND THE ISX IS ALREADY REACTING IN ANTICIPATION...
9-26-2016 Intel Guru SteveI ...sit back, relax and let this darn frustrating investment come to you. Follow the money and you will see that Iraq is going to be one heck of a powerhouse in the global market.
9-26-2016 Newshound/Intel Guru BGG Article: "Rise in the market value of companies in the stock market" they are working towards opening an "online" version of the ISX... does any of this look like they are delaying ANYTHING? ...and just a quick note...several years ago - a BILLIONAIRE friend of mine told me directly - the ISX will produce more new millionaires than the currency does...when they open that up - it's ON!! Sisi let the "cat out of the bag" the other day...Egypt is going through much of the same stuff with the IMF...he plainly said "they would revalue their currency before the end of 2016"...Iraq is way ahead of them. [reference Guru mike post 9-25-2016]
9-25-2016 Intel Guru ADMINBILL YOU MIGHT BE ASKING YOURSELF TODAY..."WILL IT EVER END?". THE ANSWER IS YES. WE ARE SEEING A SLOW ROLL OUT THAT ACCOMMODATES THE NEEDS OF THE BANKERS AT THIS POINT IN TIME. IN MY OPINION, WHICH IS SHARED BY OTHERS, THE MECHANICS OF THE RV PROCESS WERE COMPLETED A WEEK OR MORE AGO. ...LET'S GET THIS DONE BEFORE MONTHS END.
9-25-2016 Intel Dr. Clarke Zebari removed...and IEX 1st Qtr. info released...ALL while Abadi out of the country...World Bank today also...Right on Schedule, Right on Time, Right Now, moving according to "Plan". Very Positive Momentum right now...Friends, it's only going to get MUCH BETTER, from here on out...There'll probably be a "small" downer thrown in over the next few days - but IGNORE IT...will pass right by & thru...As we indicated last time, this upcoming SUNDAY 25th & MONDAY 26th, are VERY VERY important. It's time to Start Smiling, and KEEP Smiling....this time.
9-25-2016 Newshound Guru mike ...in my opinion, it's not the value of the dinar that's keeping investors out of Iraq. It's the lack of banking and investment laws coupled with the crippling corruption that is Iraq. Look at it this way, the total market capitalization for the ISX is roughly $9 billion dollars. There are a bunch of folks that could literally buy every stock available on the ISX, in the big picture, $9 billion isn't a prohibitive number. So, why hasn't anyone done that, heck, they could own every business on the ISX for that amount. The answer is security, stability, laws, infrastructure and politics. When Iraq can make the environment more conducive to fair and open market policies, the investors will come, even if the dinar is still at 1182. ...historically the CBI has only talked about raising the value. However, I can remember when the dinar was 1166 to the dollar and now it's 1182, they've already reversed course on what they've previously stated. Moving from 1182 to 1400/1500-$1 isn't so farfetched to me, especially with the price of oil at $40 something a barrel.
9-25-2016 Newshound Guru mike Article: "Iraq Stock Exchange launches instructions online trading system for investors" Quote: "...he emphasized that the service will be launched in the first quarter of 2017..." [Is anyone else able to hear the can being kicked down the street another time?] I hear it loud and clear. Here's the thing, for years now anyone, who wanted, could buy Iraqi stock. The thing is, who wants to? Until the investment and banking laws are in the books and the banks are functioning like they're supposed to, no one is going in and buying up shares of Baghdad Bottling, it's just not worth the risk. There are tons of other penny stocks to buy in countries that are much more stable than Iraq, the reward just isn't enough.
9-24-2016 Intel Guru ADMINBILL THE NEWS CONTINUES TO BE POSITIVE BUT NO ACTION AS YET. FRUSTRATION IS GROWING WITH BANKERS AND OTHERS. THE NEED FOR THIS EVENT GROWS. WE WAIT FOR THE RELEASE. IT IS MY OPINION, BASED UPON THE NUMEROUS PIECES OF INFORMATION COMING IN, THAT THE RV WAS COMPLETED, THE FUNDING IS IN THE BANKS AND WE ARE SIMPLY WAITING FOR THE GREEN LIGHT FOR OUR TURN. ALL POINTS TO BEFORE THE 1ST BUT THAT IS STILL A BIG QUESTION MARK.
9-24-2016 Newshound Guru mike Article: "Nassif Abadi demanding reforms in the Central Bank" ...the IMF and WB are NOT in control in Iraq. For some reason folks thought their involvement would be the panacea for Iraq's financial woe's and this reminds us they alone aren't the solution, they need the political will of Iraq to accomplish the overall goals. Whacking Zebari demonstrated who's in control of Iraq and it isn't the US Treasury, IMF or WB. It's the Iraqi's themselves.
9-24-2016 Newshound/Intel Guru BGG ...VND, ZIM, Rial and all the other HOAXES out there...what makes Iraq (and their situation) different from all these others? how many of these countries have met with ALL THE OTHER WORLD LEADERS in the last 48 hours...how many of them had some kind of "top billing" at the recent IMF summit? how many of them met with the President of the United States? how many of them have this kind of economic future? how many of these other countries are like Iraq? NONE. Not one...VASTLY different scenarios. BTW - all of the stuff I mention about Iraq VS any other country "devaluing" has happened in the last 48 hrs!! Meetings, that's just the last couple of days - so what makes Iraq different?? EVERYTHING!!!
9-24-2016 Newshound Guru rcookie Article: "UNDP announces send anti - corruption investigators to Iraq next week" THE UN INVESTIGATORS TO FIGHT CORRUPTION ARRIVE IN IRAQ NEXT WEEK...JUST AS THE IMF ORDERED...CAN YOU SAY STABILITY.
9-24-2016 Intel Guru TD Comments from my Kurdish friend ( treat all as rumor and please do your own sound diligence ). I posted months ago to watch out for the battle of Mosul...Get ready to rumble! It's about to happen in any coming week. The Iraqi army is trained just enough and there are strategic elements of American forces quietly re entering the theatre. The Kurds are also armed and poised for the fight while Turkey will also be providing cooperation and help. As far as any news on currency reform - nothing has changed . Nothing will happen till consolidation of the country is achieved. Look maybe for news next spring for continued news of the "deletion of the zeros " program and then the LOP program will be initiated.
9-24-2016 Newshound/Intel Guru BGG it appears attacking the corrupt was one of the VITAL items on a short list that the IMF has been insisting on...It appears to me...the GOI is responding to the IMF, WB and UN - though they aren't entirely happy about it...however, if they want "international acceptance", they have little choice. They must respond...Iraq has been under some version of an "IMPOSED RATE" since when? [2003.] it's not even an accurate value - "Grossly undervalued" is the term used by learned economists...SO - it stands to reason they are going to have to appease those who "IMPOSED" this rate to start with... and THAT, my friends, is what we are seeing play out before our very eyes...those same actors that "imposed" can "unimpose" - it appears they have made this point very clear. Iraq is about IRAQ. Nothing else - AND it is the hottest topic in world finance right now. Period. With VERY GOOD REASON. Abadi's PM "brand" is HUGE right now...he's moving Iraq forward mightily...they are moving with great speed. I think the future looks very bright for Iraq.
9-23-2016 Newshound Guru rcookie Article: "Parliament determines the sixth of October as the date for the interrogation of al - Jaafari" Quote: "MP Haitham al-Jubouri, Thursday, all documents and evidence to prove "the involvement of" a large part of the "leaders" of the Ministry of Finance Bmufat marred by corruption..." MARK YOUR CALENDARS...INSERT "ANOTHER ONE BITES THE DUST" SONG HERE..
9-23-2016 Intel Guru Frank26 "Echoes of New York: World leaders praise the achievements of the Government of Abadi" A [Abadi] is Reporting and asking for Economic Reform help ... As the calendar of Iraq was Moved Up to accommodate an Article 8 position with the IMF.
9-23-2016 Newshound Guru mike Article: "Legal: withdraw confidence from Zebari does not cancel the charges against him" Zebari better get whatever documents he has to the IMF and WB, it looks like they're going to move quickly against Zebari with corruption charges.
9-23-2016 Newshound Guru Aggiedad77 Article: "Echoes of New York: World leaders praise the achievements of the Government of Abadi" ...things are being stepped up with Iraq now...what I want to see is the action that transpires upon Abadi's return from the US...hopefully before the weekend ...he has the fortitude and the necessary ability to put the best spin on things for Iraq and the world...watch for Abadi...IMO.
9-23-2016 Newshound Guru rcookie Article: "Abadi adviser: IMF expressed its readiness to open up in front of his locker Iraq" Quote: "The recent meetings in Washington DC between a number of countries and the Iraqi delegation headed by Prime Minister Haider al-Abadi, there was a very positive and promises from a number of countries and agencies for the reconstruction of Iraq..." ...FURTHER SUPPORT COMMITMENTS FROM IMF OVER AND ABOVE RECENT WB STATEMENT OF THE SAME...AND ADDITIONAL PLEDGES FROM OTHER COUNTRIES AWAY FROM UN GENERAL ASSEMBLY...THE WORLD IS IN THEIR CORNER...
9-23-2016 Intel Guru Frank26 Article: "Abadi discussed with the International Monetary director of the implementation of economic reforms and diversification of resources" This is the next meeting with Iraq and IMF...In the first week of October. BTW this 22nd until the 30th of October... They will have two more meetings... This is the first... IOO when A returns...Much will be said of much that has been done.
9-23-2016 Newshound Guru Aggiedad77 Article: "Echoes of New York: World leaders praise the achievements of the Government of Abadi" ...I believe...Abadi would be reaching out to the IMF...the US...and the World Bank for support of their Economic Reforms...they would be sitting down with the international world asking for their support as well...Indeed this is what we see rolling out of this trek to the US...these exact things...Let's be extra watchful for what happens upon Abadi's return to his homeland of Iraq...IMO...it could be very exciting and good...maybe even gooder for all who have a stake in this blessing...no date...no rate here of course.
9-23-2016 Newshound Guru My Ladies ...I WANT TO ADDRESS SOME MORE CONFUSION THAT IS OUT THERE...PLEASE EVERYONE STOP TALKING ABOUT THIS STOCK EXCHANGE IN THE WRONG CONTEXT. THIS IEX IS NOTHING MORE THAN ANOTHER SEC APPROVED STOCK EXCHANGE. THEY ARE ONLY LICENSED TO TRADE UNITED STATES SECURITIES NOT CURRENCIES... ASK THEM IF THEY TRADE CURRENCIES OR WILL EVER LIST CURRENCIES OR FOREIGN SECURITIES. THEY WILL TELL YOU NO NO NO...THEY ARE NOT LICENSED FOR SUCH A THING AND THE FOREX TRADES 4-5 TRILLION DOLLARS IN CURRENCIES A DAY SO WHY ON EARTH WOULD A RETAIL DEALER WANT TO TRADE CURRENCIES ON ANOTHER PLATFORM? THEY WOULD NOT WANT TO.
9-23-2016 Intel Guru ADMINBILL The news from yesterday was positive to be sure. The majority of us expect to see an end on or before September 30th.
9-23-2016 Intel Guru Bruce ...remember the G20 meeting couple of weeks ago? Many signed on, 30 different treaties. The Paris agreement. The climate change, RV and GCR were in that agreement and all signed off on it. ...Iraq...They were told to go ahead and revalue their dinar immediately. They were given full sovereignty; all sanctions lifted, and told to revalue their dinar... bring their dinar as an International currency rate up. We also heard after Abadi went home, they did a small press conference yesterday. Iraq is ready to go from all the information we have from their perspective. In the large scheme of things this is a worldwide event. All these countries will be changed with the first basket. Rates are ready, redemption centers are ready to go, and banks are ready. We are ready to go. Rates are quite good. I think things are still moving along at a good pace. I can see this coming to an end.
9-22-2016 Intel Guru SteveI You get Mosul completely done, move the army to the border, and then finally great times ahead for all.
9-22-2016 Newshound Guru rcookie ...SAW PARLIAMENTS AGENDA FOR TOMORROW [THURSDAY]...1ST ITEM ON AGENDA...1ST READING FINANCIAL MANAGEMENT LAW...RIGHT FROM THE IMF LETTER OF INTENT/MEFP/TMU. BOULYAAAAAAAAAAAAAAAH!!!
9-22-2016 Newshound Guru firefly Nobody seems to be talking about the UN meeting...With Abadi and Iraq. Big is putting it mildly. All I will say is it coincides with the previous G20 meeting in China. Also .... Zebari is going NOWHERE!
9-22-2016 Intel Guru Dr. Clarke lots & lots happening, friends...and quickly...and it's closed today (ISX Thursday). Our eyes are particularly focused on this Sunday - Monday and through to next Saturday. Crunch time...ALL meetings have gone well...so far.
9-22-2016 Newshound Guru mike Article: "House of Representatives withdraw confidence from the Minister of Finance and vote on bills" I'm a little surprised this passed through Parliament, the Kurd's are not going to be happy having Zebari removed. In the middle of an offensive against Mosul, they let go of the Defense Minister, now while they're preparing the budget for 2017, they let go of the Finance Minister. To round it up, Iraq doesn't have an Interior, Defense or Finance Minister in the GOI, who's next, Abadi?
9-21-2016 Newshound Guru rcookie Article quote: "Hussain urged the government to sign more agreements air with other countries, especially that Iraq is on the verge of commercial traffic and open its market to foreign capital..." IRAQ ON VERGE OF COMMERCIAL TRAFFIC AND OPEN ITS MARKET TO FOREIGN CAPITAL... BOULYAAAAAAAAAAAH!!!
9-22-2016 Newshound Guru Shredd So, in summary, the "paying" for your exchange is passed on and the only entity that would ultimately lose money out of pocket per se would be the investor who was holding the dinar at the time if it would crash in value. This general rule applies in all levels of investment -- buying low and selling high. We just get the benefit of the biggest jump in the difference of the two! To that point, I personally plan on initially exchanging a certain percentage of my dinar and holding on to the remaining with the hopes of an even greater gain further down the road. [post 3 of 3]
9-22-2016 Newshound Guru Shredd As far as who "pays" for the increase, we can't look at currency exchange as a finite transaction, a "one-and-done" if you will. Rather, it's an ongoing transaction...
1. You bought the dinar at a low rate (this is the part of investment where the investor makes their money....on the low buy)
2. The value grows (this is driven by the market and no transaction happens in this step)
3. You sell your dinar (you get the gain and the exchanging bank deposits the USD in your account after verifying)
4. The exchanging bank exchanges the dinar with the dealer (thus balancing their "paying" for the initial exchange)
5. The dealer resells the dinar at the current rate (thus balancing their "paying" for the exchange bank's exchange)
6. The new buyer of the dinar ultimately "paid" for your initial exchange but they also hold the dinar at the new value and can exchange it again as the rate increases. Once they do, they balance what they "paid" for their purchase plus gained a bit since they chose to trade...and on and on it goes from here. [post 2 of 3....stay tuned]
9-22-2016 Newshound Guru Shredd [Who pays for the delta/increase between the current rate and the increased rate we hope to receive?] When you exchange your dinar for USD, the bank will verify the authenticity of the currency (either internally or with a vendor) and once the transaction is complete, the bank DOES NOT hold onto it but rather will exchange it again to USD with a foreign exchange dealer in what is referred to as the interbank market. The bank will set the rate based on the market and demand and will of course take their cut (spread). The foreign exchange market works through financial institutions, and it operates on several levels with few insurance companies and other kinds of financial firms are involved. Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, forex has little (if any) supervisory entity regulating its actions. If you sell your dinar back to the broker you purchased it from, they will exchange with a large bank and the above process takes place the same. [post 1 of 3....stay tuned]
9-22-2016 Newshound Guru My Ladies UNDERSTAND THAT IRAQ IS DOING NOTHING SPECIAL, IT IS NOT A WHITE ELEPHANT OR YELLOW UNICORN IT IS SIMPLY JUST ANOTHER EMERGING MARKET AND AS SUCH IT WILL NEED TO REACT AS ALL OTHER MARKETS DO AND THAT WILL BE TO TRADE INTERNATIONALLY. I CAN NOT SPEAK TO RATE AND NO ONE CAN…AND JUST BY READING HOW ALL THE OTHER COUNTRIES DROPPED THEIR ZEROS AND DEALT WITH REVALUATIONS I’M SURE IRAQ WILL FOLLOW SUIT. ...SIT TIGHT... THE LONG WAIT IS ALMOST OVER AND FOR ALL INTENTS AND PURPOSES THE CLOCK TO THE NEW SYSTEM STARTED IN DECEMBER OF 2015 WHEN THE CODE OF REFORMS WAS FINALLY ACTIVATED AND ALL EMERGING MARKETS HAVE BEEN FAST TRACKING SINCE THEN. I HAVE MUCH MORE TO SHARE WITH YOU...FOR NOW DIGEST ALL THAT I GAVE YOU... SMILE AND CALM DOWN. IT IS ALL GOOD. [post 4 of 4]
9-22-2016 Newshound Guru My Ladies ...PLEASE STOP WRITING AND SAYING...IRAQ HAS A WORTHLESS CURRENCY. THE CURRENCY IS ONLY WORTHLESS WHEN COMPARED TO THE DOLLAR. BUT SINCE THE DINAR DOES NOT CROSS BORDERS WHEN YOU SEE IRAQ BUYING THIS OR PAYING THAT THEY ARE DOING IT WITH USD. THE QI CARDS THAT YOU ALL TALK ABOUT PLEASE STOP SAYING THE CARDS ARE LOADED WITH 3$ OR 5$ BECAUSE THAT IS NOT POSSIBLE BECAUSE THE QI CARDS ARE DOMESTIC TO IRAQ! WHY ON EARTH WOULD THEY HAVE A FOREIGN EXCHANGE RATE INSIDE THEIR BORDERS? FOREIGN EXCHANGE RATES ONLY APPLY WHEN YOU CROSS BORDERS. [post 3 of 4....stay tuned]
9-22-2016 Newshound Guru My Ladies POLICY AND LAWS ARE IMPORTANT FOR THE SUSTAINABLE IRAQ, THAT’S A FACT...WHAT IS MORE IMPORTANT IS THE CONNECTION IRAQ CAN MAKE TO THE EXTERNAL FINANCIAL HUB. NOW DOES IT MATTER IF THE DINAR IS ELECTRONIC OR IN PAPER FORM? NO NOT AT ALL, BECAUSE ALL TRANSACTIONS ARE SETTLED DIGITALLY. NO ONE IS CHARGED WITH THE JOB OF MOVING CURRENCY FROM COUNTRY TO COUNTRY IN A WHEEL BARROW IT IS ALL DONE ELECTRONICALLY. WHEN IRAQ TALKS ABOUT THE E-DINAR THEY ARE TALKING ABOUT MAKING A CONNECTION TO THE EXTERNAL HUB. ...THE DINAR WILL TRADE...IT IS A FACT AND IS NECESSARY ACCORDING TO THE 2010 REFORMS, AS AN EMERGING MARKET THERE IS A PLACE FOR IRAQ ALONG WITH EVERYONE ELSE. THE WORLD DOES NOT NEED THE DINAR FOR ANYTHING BECAUSE THAT IS JUST HOW THE WORLD WORKS. THE DINAR WILL NOT BE THE SAVING GRACE FOR THE PLANET... [post 2 of 4....stay tuned]
9-22-2016 Newshound Guru My Ladies ...IF YOU GET RID OF THE NOISE AND READ THE FACTS YOU WILL SEE THAT WHAT IRAQ IS DOING IS NO DIFFERENT THAN WHAT ALL OTHER EMERGING MARKETS ARE DOING. MANY FOLKS IN THE COMMUNITY ARE JUST HYPER FOCUSED ON IRAQ AND THE STUDY OF THAT COUNTRY WHICH HAS LED TO ALL SORTS OF STORIES ABOUT WHAT NEEDS TO HAPPEN FIRST LIKE IS IT THIS LAW OR THAT LAW? IS IT THE RETAKING OF MOSUL? IS IT THE LYNCHING OF MALIKI? IS IT THE RETURNING OF SHABBIBI? WELL GOOD NEWS FOR ALL OF US NONE OF THIS MATTERS IN THE BIG PICTURE. [post 1 of 4....stay tuned]
9-21-2016 Intel Guru Dr. Clarke This is EXACTLY what we were hoping to see today, the 21st, as we've been talking about Sept. 21 now for past 3 weeks, as a Key important date...and SEE immediately on the other side...Zebari removed...and IEX 1st Qtr. info released...ALL while Abadi out of the country...hmmmmm....World Bank today also, huh?...same day? Right on Schedule, Right on Time, Right Now, moving according to "Plan". Very Positive Momentum right now. Friends, it's only going to get MUCH BETTER, from here on out...There'll probably be a "small" downer thrown in over the next few days - but IGNORE IT...will pass right by & thru...As we indicated last time, this upcoming SUNDAY 25th & MONDAY 26th, are VERY VERY important. Please find that SMILE that's been hiding in Doubt, for Oh, such a very long time...at least find a small one, even to yourself, that nobody else sees...It's time to Start Smiling, and KEEP Smiling...this time.
9-21-2016 Newshound Guru mike Article: "Parliamentary Finance demanding the central bank to intervene "urgently" to reduce the dollar exchange rate" Here's hoping there's enough reserves to get the MCP below 2% for 90 days. The only way to get the street rate down is to satisfy the demand for dollars or unpeg and let the dinar drop to 1400-1 again. ...Iraq has to demonstrate they have control over their currency and provide monetary stability to potential investors and right now, they don't have control over the dinar.
9-21-2016 Newshound Guru Shredd Article: "Iraq Stock Exchange launches instructions online trading system for investors" Quote: "...the market identified instructed disclosures required of brokerage firms, which contain procedures to disclose the risks associated with an investment models dealing with investors (Know Your Customer KYC), and commissions that Satkadaha mediator, as well as the requirements are carried out by investors to agree to their trading via the Internet..." this is a very good article and yet another reminder of the progress Iraq has and is making. Investors vetted via KYC and having access to easily trade electronically are huge foundational necessities for both public and private investment.
9-21-2016 Intel Guru Frank26 Here’s another little thing for you...even when the value goes from an RI into an RV...yes the dinar will be a dinar inside the country...but it is going to explode in our hands...supply and demand... internationally…
9-21-2016 Newshound Guru Adam Montana No alert flags. I see good things happening for the IQD right now, I'm actually on a "medium" alert at this time...
9-21-2016 Intel Guru Delta URGENT FROM IRAQI TV: ISX WILL LAUNCH ON LINE TRADING SYSTEM FOR INVESTORS IN THE FIRST QUARTER OF 2017.
9-21-2016 Newshound/Intel Guru BGG Articles: "Parliament dismisses Hoshyar Zebari" "Jubouri: We will respect the Federal Court 's decision on answers Zebari" Quote: "House of Representatives voted to dismiss Finance Minister Hoshyar Zebari on the background of corruption charges" Parliament dismisses Hoshyar Zebari...Which is - (all of their pursuit of corruption) - one of the key points the IMF has made to them... they HAVE TO DEAL with it...they are doing exactly what the IMF has advised them they must do... Quote: "...the first phase of the standby credit agreement with the international Monetary Fund included several reform requirements of the Iraqi economy, and performance standards, and financial management reform..." ...they are responding to their IMF supervision.
9-21-2016 Intel Guru Frank26 I believe IMO Abadi is giving Obama a full report right now...not on Mosul... because that is over with...not on terrorism because that is pretty controlled...but on corruption that was destroying and delaying the Monetary and Economic Reforms that the IMF demanded be done before November. This past week the market got out of hand...those that know how to steal and make money are making their last gasp...it is 1166 that is the exchange rate...but the street rate got all the way up to 1300...the CBI was getting hammered by the market...and the next thing you know..."The IMF is Telling You to Reduce the Dollar Exchange Rate”...intervene urgently...adjust the exchange rate...this is continual pressure... I got a feeling that Iraq is going to raise the value of their currency IMO...and I have a feeling the CBI is ready and poised...because they have been escorted by not only the IMF, UST, WB, BIS...but by us...the USA...to be in position to raise the value of their currency...they are right now to be in a perfect situation...
9-21-2016 Newshound Guru mike Article: "IraqÂ?s Shrinking Revenues, the I.M.F. and the Oil Dilemma " Quote: "The suggested reform program is very ambitious. It aims, according to the I.M.F., to bring spending in line with lower global oil prices..." ...when I read articles like this the IMF is doing exactly what they should be doing. They're insuring that the only real business model in Iraq stays afloat and the IOC's get paid, otherwise, these folks will pull up stakes and then Iraq really will be in a jam because without oil, there's very little else generating revenue. The numbers are staggering, Maliki and company brokered these deals when the price was $100 a barrel, now that it's dropped to below $50, To keep payments at that rate when the oil price hit $30/barrel (or bbl), Iraq had to allocate more than three times that volume. This is more than 50 percent of its total oil exports that represent close to 90 percent of its budgeted revenues. Iraq had less oil to export and at a lower price, generating less and less revenues. The model is unsustainable, something has to change quickly.
9-21-2016 Intel Guru Bruce I believe everything is in the Gazette couple of days ago and visible. Bank reforms, new laws are all in the Gazette, published and online both. Iraq is done. Everything is a go from Iraq’s perspective. Everything is very positive. That part is good. They got their sovereignty, part of the World Counsel and were told to revalue their currency to make the rate availability immediately... We understand the CBI is connected to the IEX and the minute they put a new rate on it, it will be seen immediately on the system. My understanding was the IEX was to replace Forex. The final access codes are to be entered. The rates are very good to our knowledge. They may have gone slightly up. What we know, it is going to be fantastic guys. Pretty much we are looking for a sort of any time now scenario. [post 2 of 2] [Review Guru My Ladies post from 9-19-2016 below to see a different perspective on IEX]
9-21-2016 Intel Guru Bruce When the G20 meeting took place and Paris agreement was ratified by all parties...it included the RV and GCR. It was a done deal at that time, it was agreed upon. What has happened at the UN was very positive in terms of Iraq. Abadi did meet with Obama yesterday...The result will be positive for us. Iraq has received complete sovereignty finally. All their sanctions were removed. They are the 209th nation admitted into the World Counsel of the UN. The second thing they were instructed at the UN was to go ahead to revalue the Iraqi dinar immediately. What does immediately mean? Whatever immediately means, we are going to take as very good news. The understanding is they think Abadi has to return to Iraq. That meeting was going to finish around 9est time tonight [Tuesday]. Then the possibility he has to head back and make announcement in country. [post 1 of 2....stay tuned]
9-20-2016 Intel Guru Frank26 ...there are about 21 provinces in Iraq...and they are preparing themselves to take care of the citizens of Iraq...I like this a lot...this is a very...very big step...because the citizens IMO were left for the very last part of their reforms...Monetary and Economic Reforms... IMO...you saw a lot of evidence this week that went by...the displaced citizens are being brought back...
9-20-2016 Newshound Guru rcookie Article: "Iraqi judiciary: general amnesty law implemented from the date of approval" Quote: "A spokesman for the federal judiciary Judge Abdul Sattar Bayrakdar said the amnesty law provided for the implementation of pre-publication in the Official Gazette."
9-20-2016 Intel Guru Dr. Clarke IGNORE all the information on “Note Counts”, with ANY Country. It’s SIMPLE. Everyone wants the same thing: FIRST, Iraq to make their Dinar currency, Officially, Publicly International in status, so that it can be traded, used & exchanged around the world, at your local bank. SECOND, for Iraq to increase the value, higher than the program rate range of 1166-1300, where it’s been for years. For Vietnam Dong, it’s even simpler, because they already have an Internationally traded currency, that can ALREADY be traded & exchanged at just about any bank, around the world...THEY just have to increase their rate, from the range of 22,200-22,500, where it’s also been for years.
9-20-2016 Intel Guru ADMINBILL I HAVE BEEN TOLD TO BE PATIENT. IT IS COMING SOON. SO I AM BEING PATIENT.
9-20-2016 Newshound Guru mike Article: "The World Bank does not want to dismiss Zebari and considers it contrary to "loan agreement" Quote: "The World Bank sent a signal to the government and parliament has custody of the dismissal of the Minister of Finance," pointing out that "the sacking Zebari, contrary to what was agreed upon with Iraq in obtaining international loans." [The world bank knows that Zebari is being persecuted for being a whistle blower against Maliki and his cronies.] Ditto... This is another witch hunt by the Reform Front, they're doing everything they can to destablilize Abadi's government from the inside out.
9-20-2016 Newshound Guru rcookie Article: "Parliament will reconvene tomorrow to vote on the withdrawal of confidence from Zebari or not" ...TOMORROWS AGENDA...APPROVE AND DISCUSS A NUMBER OF THE DRAFT LAWS...AS WELL AS VOTE ON THE WITHDRAWL OF CONFIDENCE FROM ZEBARI.
9-20-2016 Intel/Newshound Guru Backdoc Article quote: "...the Ministry of Planning in cooperation with the ministries of commerce and communication to the application of the electronic card system, as an alternative to paper in the delivery of the ration card items to citizens." EXCELLENT ARTICLE...! AGAIN WE HAVE MORE CONFIRMATION OF THE DIGITAL E-DINAR. AS THEY STATE HERE...THEY WANT TO USE THE PAYMENT CARD WHICH WILL DECREASE THE NEED FOR CASH! THIS WILL ALLOW IRAQ TO KEEP THE NEED FOR CASH TO A MINIMUM AND THEY SHOULD BE ABLE TO KEEP PULLING IN PAPER TO REDUCE THEIR NOTE COUNT EVEN FURTHER!
9-20-2016 Newshound Guru My Ladies I FEEL THAT YOU ALL DESERVE THE ABSOLUTE FACTS, WHAT YOU CHOOSE TO DO WITH THEM IS YOUR OWN BUSINESS I JUST WANT YOU TO HAVE THEM. I HAVE BEEN READING MORE AND MORE TALK OF WELLS FARGO AND ABBOTT DOWNING AND I AM JUST GOING TO SAY THIS I SPOKE WITH WELLS FARGO MAIN LEGAL COUNCIL AND...THEY WERE ALSO SURPRISED TO HEAR THAT THEY WERE THE TOPIC OF CONVERSATIONS IN DINAR ROOMS AND THEY WERE VERY SURE TO TELL ME THAT WELLS FARGO HAS NOTHING TO DO WITH ANYTHING AND IS NOT THE LEAD BANK FOR ANYTHING. SO THE NEXT THING I DID WAS CALL THEIR EAST COAST LAW FIRM AND THAT ATTORNEY TOLD ME THE SAME THING... [post 3 of 3]
9-20-2016 Newshound Guru My Ladies THE NEXT FACT I WANT TO TALK TO YOU ABOUT IS CIPS AND AGAIN THIS IS NOT MY OPINION THIS IS A FACT. CIPS WILL NOT FACILITATE FUNDS TRANSFER RATHER IT SENDS PAYMENT ORDERS WHICH NEED TO BE SETTLED BY CORRESPONDENT ACCOUNTS. AND CIPS WENT LIVE IN OCTOBER OF 2015 AND ON MARCH 25 OF 2016 CHINA SIGNED A MEMORANDUM OF UNDERSTANDING WITH SWIFT AND WAS ALLOWED TO CONNECT. ...WHY ARE YOU WAITING ON CIPS WHEN THEY ARE ALREADY OPERATIONAL AND WHY OR BETTER YET HOW ON EARTH WOULD CIPS OVERTHROW THE SWIFT SYSTEM WHEN THEY ARE ABOUT THE SAME TO EACH OTHER AS APPLES AND ORANGES? ...NEITHER SWIFT NOR CIPS HAS ANYTHING TO DO WITH THE IRAQI DINAR. [post 2 of 3....stay tuned]
9-20-2016 Newshound Guru My Ladies ...I WANT TO BRING YOU NOT OPINION BUT FACT...I WANT YOU TO LOOK AT SWIFT AND KNOW WHAT IT IS. I HAVE BEEN SEEING THIS COMPANY MISUSED...AND I WANT YOU TO HAVE ALL THE FACTS PLEASE. SWIFT IS A MESSAGING PROVIDER THEY DO NOT AND HAVE NOT AND WILL NOT EVER EVER EVER CLEAR OR SETTLE ANY FUNDS. SO WHAT DOES THAT MEAN? IT MEANS THEY HAVE NOTHING TO DO WITH ACTUAL MONEY MOVING OR SETTLING OTHER THAN TO SEND THE MESSAGE OF YES THE FUNDS ARE HERE OR THE FUNDS ARE THERE OR THE FUNDS ARE READY AND SO FORTH. BUT THEY NEVER RECEIVE THE FUNDS. THEY ARE A PRIVATE MESSAGING COMPANY AND THERE IS A HEFTY FEE TO BECOME A MEMBER... [post 1 of 3....stay tuned]
9-19-2016 Newshound Guru Islandg1211 Last month's agreement on Kirkuk was a requirement for the Article 140, and the HCL. But, Mosul's oil, and an agreement and/or census of the population in the regions have to be determined before the implementation of the HCL. So we watch as two significant events unfold: the liberation of Mosul resulting in security for Iraq, and China joining the IMF's SDR basket. Remember, Shabibi's and Allak's statements that they will RV when the conditions are right, when there is "stability and security." Security is in sight within the next few months. Stability is a never ending resistance within the GOI... I've always thought that the RV would happen end of April, June or September, based on quarterly accounting and historical RVs. [post 2 of 2]
9-19-2016 Newshound Guru Islandg1211 Today's HCL article is of interest IMO because Abadi is pointing out that there does not need to be a new HCL law, but just AMENDING the old law. Good point Abadi, it will take less time to get it done and implemented. The TIMING of Abadi's statement today, (as he kicks off his meetings with Obama and the UN), to me, is also of importance when looked in conjunction with today's article referencing the U.S./Iraq/Kurd meeting finalizing the agreement with Barzani on Mosul. IMO, that meeting didn't just cover the military plan for invasion of Mosul, but included post-Mosul plan - meaning the plan for Mosul's oil share for the Kurds. That's just my opinion, time will tell what the agreement is. There can be no HCL, IMO, without an oil agreement with the Kurds over Mosul. [post 1of 2....stay tuned]
9-19-2016 Newshound Guru My Ladies THE GCR IS NOT THE TOSS OF A SWITCH BUT A LONG PROCESS AND WE HAVE STUDIED AND CAN NAME TO DATE 53 COUNTRIES THAT HAVE RESET THEIR CURRENCY TO REALITY SO FAR. IRAQ WILL FOLLOW EVERYONE ELSE...WHAT WILL IT RESET TO? I DO NOT KNOW AND NO ONE DOES. IS THERE AN IN COUNTRY AND OUT OF COUNTRY RATE? NO NOT AT ALL THAT IS NOT POSSIBLE EVER EVER EVER, WHERE THE CONFUSION COMES IN IS THAT IRAQ AND MANY COUNTRIES HAVE 2 RATES THERE IS THE OFFICIAL RATE THAT WE SEE ON THE CBI WEBSITE AND THERE IS A RATE ON THE PARALLEL MARKET... I WANT YOU ALL TO KEEP THE FAITH BUT LET GO OF THE...THINGS THAT DO NOT MAKE SENSE. I ASSURE YOU THERE ARE NO SECRET SOURCES ANYWHERE THAT ARE VALID. IRAQ WILL FOLLOW THE REST OF THE GLOBE IT HAS LITTLE CHOICE. HOW MUCH LONGER I’M NOT SURE BUT I AM SURE IT WILL FOLLOW EVERY OTHER COUNTRY. HANG IN THERE A BIT LONGER. [post 3 of 3] [more to come...]
9-19-2016 Newshound Guru My Ladies I BELIEVE AND ALWAYS HAVE IN LOGICAL MATH AND BANKING AND THE WAYS OF THE GLOBAL FINANCIAL SYSTEM. NOW LOOK IRAQ IS NOT IN A VACUUM OK? THEY NEED TO FOLLOW THE SAME LAWS AND PROCEDURES AS THE REST OF THE GLOBE. IF THEY EVER HOPE TO DO BILATERAL TRADES IN THEIR OWN CURRENCY THEY WILL NEED TO CREATE A DEMAND AND A TRUST FOR THEIR OWN CURRENCY. RIGHT NOW IRAQ IS WORKING VERY HARD AND QUICK TO PLUG INTO THE REST OF THE GLOBE. THEY ARE WORKING TO GET THEIR SYSTEMS CONNECTED AND THE CONFIDENCE THAT IS NEEDED TO CREATE A DEMAND FOR THE DINAR. [post 2 of 3....stay tuned]
9-19-2016 Newshound Guru My Ladies WE NEED TO WAIT ON IRAQ TO BE FREELY TRADING AND ON FOREX IN A BID/ASK CAPACITY, NOT A BUY/SELL WHICH IS WHAT IT IS ON THE CBI SITE NOW. IN MY OPINION THAT MIGHT NOT BE TOO MUCH LONGER OF A WAIT. I WANT TO TALK ABOUT THE IEX... I SPOKE WITH Sxxx OVER THERE TODAY...THE IEX HAS BEEN TRADING SINCE OCTOBER 25TH OF 2013. HE TOLD ME THAT THE IEX HAS NOTHING WHAT SO EVER TO DO WITH CURRENCY, DOES NOT TRADE CURRENCY AND ONLY TRADES U.S. SECURITIES. HE WAS ALSO SORT OF SURPRISED TO HEAR THAT THE COMPANY WAS BEING WRITTEN ABOUT IN SUCH A MISDIRECTED WAY. THIS IS NOT MY OPINION THIS IS A FACT THAT IEX HAS NOTHING AT ALL TO DO WITH THE IRAQI DINAR NOW AND NEVER WILL. THEIR LICENSE WITH THE SEC RECOGNIZES THEM AS OF A JULY 17 2016 AS AN OFFICIAL STOCK EXCHANGE AND THAT IS HOW THEY CONDUCT THEMSELVES. ANYTHING ELSE OR CURRENCY SPECULATING WOULD BE A DIRECT VIOLATION OF THEIR LICENSE. FOLLOW THE FACTS AND CONTINUE TO LOOK TO FOREX WHICH IS A 5 TRILLION DOLLAR A DAY PLATFORM. WHEN THE DINAR PLUGS IN AND TRADES INTERNATIONALLY YOU WILL SEE IT THERE. [post 1 of 3....stay tuned]
9-19-2016 Intel Guru Dr. Clarke [...you talked about and were positive the RV would happen the last week in September with the pay-out first week in Oct. I sense you are backing tracking in this recent post and your mention of looking at Summer of 2017. What gives?] We’ve never said it would occur in 2017. THEY DID...it could go into October, November, December and even 2017……maybe 2018, 2019. But, we JUST DON’T THINK SO, AT ALL…..we’ve been saying the last week of SEPTEMBER - 1ST week of OCTOBER exchange, since January of this year, FOR A REASON. ...we think there will be much more clarity soon, in the popular & familiar words of Iraq: “In the Coming Days”. These things are NEVER broadcasted ahead of time, friends...You have a BIG advantage, and are ahead of the game, just by being here on this site, and soaking up all the information...ALL OF IT. You have a Front Row Seat.
9-19-2016 Intel Guru ADMINBILL ONCE AGAIN MONDAY MORNING FINDS THE SS DINAR BECALMED AT SEA. BUT, NOT TO WORRY, THERE ARE HIGH WINDS AND FOLLOWING SEAS IN THE FORECAST AS YOU SAIL TO YOUR DESTINATION. YOUR AROUND THE WORLD CRUISE HAS TAKEN FAR LONGER THAN IMAGINED DUE TO UNSCHEDULED PORT VISITS AND BREAKDOWNS AT SEA BUT IT APPEARS YOUR BOAT IS FULLY SEAWORTHY AND SET TO END YOUR LONG CRUISE AT LAST... PROVIDED THE WEATHER CONTINUES TO HOLD.
9-19-2016 Newshound Guru rcookie Article: "Abadi will meet on the sidelines of the General Assembly meetings of Obama and a number of prominent leaders and the heads of the world" Quote: "...the prime minister left for New York City to attend the annual meetings of the General Assembly of the United Nations, pointing out that Iraq Abadi, will deliver a speech during the meetings of the General Assembly..."
9-19-2016 Newshound/Intel Guru BGG [I believe they need to tweak the Investment Law still...any thoughts on that and any other pertinent things they need to get done?] I think they are close on that... I doubt the HCL is all that important... the reason Maliki keeps bringing it up - he feels like, if he can make it a leading issue, it is divissive enough to keep everyone arguing for years. He would be "safe in the chaos" for a long time. Not gonna' happen.
9-19-2016 Intel/Newshound Guru Backdoc REMEMBER, IRAN SAID, THEIR FOREX VALUE WOULD MEET ITS REALITY VALUE IN OCTOBER SO WE ARE EXTREMELY, EXTREMELY CLOSE. ITS SHIA BROTHER [IRAQ] WILL LEAD THE WAY. THE REALITY VALUE WILL BE DIGITAL ON THE IEX. I'M SURE DR. S [SHABIBI] HAS HIS TRIGGER MAN PRACTICING FOR THE GLOBAL RELEASE BUTTON! THIS IS REALLY GETTING TO THE EXCITING PART OF THIS REALITY. [post 2 of 2]
9-19-2016 Intel/Newshound Guru Backdoc IT APPEARS THAT THE BUDGET WAS LAUNCHED ON THE 8TH AS ALL IMPORTANT THINGS ARE. ALTHOUGH ACTION NEEDS TO BE TAKEN IN 10 DAYS, IRAQ HAS DONE ALL THEY CAN DO UNTIL PERMISSION IS GRANTED BY THE U.S.T.! ABADI WILL GET THAT MONDAY. I'M VERY OPTIMISTIC THAT BY FRIDAY WE WILL SEE SOMETHING SPECIAL ON THE IEX, IF IT IS ALLOWED TO TRADE. DON'T LOOK FOR THIS ON THE FOREX, IT WILL BE ON THE IEX. SO UNTIL THE IEX TRADES, I BELIEVE WE ALL WAIT. [post 1 of 2....stay tuned]
9-19-2016 Intel Guru Bluwolf Ok folks, nothing has changed, all seems to be intact and that is good....both the GCR and RV'S are on a specific timer (it has a day and a time). So we still need to wait till this timer runs out...
9-19-2016 Newshound/Intel Guru BGG [ i been seeing the word exchange rate in alot of articles recently, if that has anything to do with anything gearing up for something?] Long story short...it is OBVIOUSLY on their minds. TOTALLY AGREED!! SOMETHING IS UP!!
9-19-2016 Intel Guru Dr. Clarke It is our belief and opinion, that the Iraq Dinar and the Vietnam Dong, will both, significantly increase their “in-country” rate and their “out-country” exchange rates, relatively close in time, to one another, with a very high probability of happening at the exact, same time. ...VN’s been ready for quite some time & wanted to move, but advised to “sit a little longer”...Iraq has (behind the scenes & quietly) moved quickly on a few things, and ISIS (Security) is where they want it (and a few other things), Iraq can move - and with VN, as well. This next 8 DAYS is what we’ve been looking at ALL YEAR, according to “Plan”, SINCE JANUARY...If something snags this week, we’ll know it by OCT. 1...but until then, everything is set to move. Our eyes are fixed squarely on the last week of SEPTEMBER...
10-9-2016 Intel/Newshound Guru Mnt Goat We recently heard in the September report card, they have met all their mandates SO FAR and this was a very good report card for Iraq. But that is not the end of it. There are still much needed laws to create the POLITCAL STABILITY and BANKING STABILITY that is required. They still don’t even have a fully seated government with the 3 ministers being dismissed (Defense, Interior and of lately of Finance). ...did I mention the other needed laws such as the Accountability and Justice law and HCL. I believe these laws too are coming very soon. ...they haven’t even cleared ISIL from Iraq and Abadi must declare openly that “the battle is over”. [post 2 of 3....stay tuned]
10-9-2016 Intel/Newshound Guru Mnt Goat Here comes the HCL: We know this is coming soon...we can see it in the NEWS ARTICLES...we see the details all being ironed out right in front of our noses. Remember HCL is a must for any RV to take place...The news is not meant for us but we can read the articles just the same and use it to formulate some kind of timeline. This will be our big sign that the RV is near...this entire RV process...will begin by launching the lower denominations. We still must wait until at least mid December to see the outcome of the Iraqi report card to the IMF before anything is done. When I talk to my CBI contact this is what I am told. There are mandated terms and conditions Iraq must meet. It is all outlined in the recent MOU and LOI... [post 1 of 3....stay tuned]
10-9-2016 Newshound Guru mike Article: "Hnachel: Who will stop the central bank dollars to steal?" [Stop the auctions.] ...the dinar will tumble and commerce will stop. They have to move to Article VIII first and then stop the auctions. There are other options available, like the CBI leading the charge against corruption and prosecuting those who are pillaging Iraq's money. But, it's pretty clear, they're not ready for that yet. It's going to be more of the same for awhile I'm afraid. Iraq is riddled with corruption, the current CBI governor is a proxy and yet here we are, two years after Maliki was replaced, he's still in as governor.
10-9-2016 Guest Guru EHankins IT SEEMINGLY APPEARS THAT THE LAVA FLOW HAS SLOWED DOWN A LITTLE BIT... NO NOT STOPPED BY NO MEANS. MY GUT TELLS ME THIS SLOW MOVING BEAST IS ABOUT TO GET AN ADDED SUPPLY OF SUPER HEATED MAGMA COMING FROM A SOURCE THAT IS HIDDEN RIGHT UNDER OUR NOSES...IMO.
10-9-2016 Newshound Guru mike It sure seems like they know what they need to do, but in the meantime: Quote: "The economic expert on behalf of Jamil Antoine, said on the ninth of May," the banking system in Iraq put a miserable." All we need is the political will for change, the economists and specialists know what needs to be done and how to do it, they just need the GOI to wake up.
10-9-2016 Newshound Guru hutch [new guru] The lottery ticket people here need to get their heads out of the gutter... Lets say its 3.86 tomorrow morning.... the thing everyone is missing is, what about it be internationally traded? What about the banking laws needed for it to survive... remember, we will need time before the banks in the US ramps up and is ready to make exchanges. Things to ponder. Its really a good thing for us to understand ALL of the inner workings of what is going on, so we can benefit from all of their hard work of rebuilding a country.
10-9-2016 Intel Guru ADMINBILL [...do u think the rollout is moving along well thru our banking system at this time?] I BELIEVE IT IS ALREADY BEEN THROUGH THE BANKING SYSTEM. MORE THAN ONCE. I AM OF THE OPINION THAT IF IT WAS UP TO THE BANKS THIS WOULD HAVE BEEN DONE LONG AGO.
10-8-2016 Newshound Guru rcookie Article quote: "Said MP from the coalition of state law , Jassim Mohammed Jaafar, said Saturday that the prime minister Haidar al - Abbadi, adjourned the submission of candidates to the ministries after the tenth of Muharram holiday, noting that al - Abadi told the Kurds that they have candidates for the post of Minister of Finance." Abadi postpone the submission of candidates for the ministries ... and Kurds disclose the names of candidates to the Ministry of Finance.
10-8-2016 Newshound Guru Islandg1211 ...progress going on with productive talks and agreements between Abadi and Barzani. The battle plans for Mosul and post liberation agreements were made. Kirkuk oil field agreement was made last month. Abadi has stated that oil and gas law is being worked out. ...announcement of the Kurds agreeing to hire Deloitte to conduct the oversight of the oil sales is very positive. Hopefully the Kurds agreement included their cooperation in getting the new ministers voted in and the quick passing of the needed laws.
10-8-2016 Newshound Guru mike Article "The budget deficit and lending policies" I know I sound like a broken record, but the growing corruption is crippling Iraq. The US was going to guarantee a $2 billion dollar loan which would have sent a signal to other lenders that Iraq was a safe bet because the US was behind them. Now that the US has pulled out of that agreement, it's sending a completely different signal to those investors. Whatever dreams Iraq had of securing the needed $12 billion dollars just died, their hopes of borrowing money until the price of oil rose, died with it. Wake up, Iraq, you will not be able to borrow your way out of the problem you created with your rentier state. Definition of a rentier economy: In political science and international relations theory, a rentier state is a state which derives all or a substantial portion of its national revenues from the rent of indigenous resources to external clients.
10-8-2016 Intel Guru ADMINBILL NO ONE NEEDS TO BE DEPRESSED. WE CONTINUE TO BE GOOD. TODAY IS SATURDAY. I EXPECT THE WEEKEND TO BE ACTIVE WITH NEWS ABOUT MANY THINGS BUT INACTIVE WITH AN RV. LOOK MORE TO THE MIDDLE OR END OF NEXT WEEK.
10-8-2016 Newshound Guru Islandg1211 WAR ON CORRUPTION: There is a lot of changes going on inside Iraq to stop the corruption. Abadi has brought in international help to aid with transparency and accountability. ...Kurdistan hired Deloitte to monitor their oil sales. One article stated that Iraq has been taken off the "Grey List" and is on the "White List" for international tax disclosure standards. UN brought in to help with corruption. Abadi is set to present his technocrat new ministers. This will very important to watch to see if he can finally get the GOI to approve his picks. Getting rid of ISIS in Mosul, replacing corrupt ministers with non-political professionals, bringing in professional experts from the U.S. and the UN to stop the hemmoraging of money and establish true transparency is all going on right now.
10-8-2016 Newshound Guru Kaperoni Article quote: "In Iraq, 'all the pieces' are now in place to take Mosul back from the Islamic State..."
10-8-2016 Newshound Guru Breitling Questions [I have heard there will be a final push of US dollars right before the RV and a release of higher and lower denominations. In your opinion do you find this to be true?] Part of it’s right. A push for the US dollar means they are going to take US dollars out of the market of Iraq but they have been doing that anyways. Yeah there may be a major push. That’s what they’re doing…getting rid of the US dollar. It’s all measurable. We know how they lowered the value of the currency. We know why they lowered the value of the currency. We know the steps they took to do it. And we know the steps they have to take to raise the value of the currency. It’s easy. It’s not a debate… So yes, part of that is true but it’s not just only before the RV, in fact they have been doing it for a while. They have been doing it for a while…they’ve been getting rid of the US dollar and lowering the note count. it’s not just before the RV.
10-8-2016 Newshound Guru mike Article: "Chairman of the parliament will hold a meeting with the heads of the blocks Saturday and Jubouri directed the committees to continue their work" Quote: "al-Jubouri, the face of parliamentary committees to continue their work during the recess that will last for ten days on the occasion of Ashura." ...another 10 day vacation for the hard working folks in Iraqi politics. ...Yes, Jabouri is saying they're going to "work" during the break but by now we know nothing of value is going to happen. Over and over they demonstrate a lack of urgency and political will to make the necessary changes in a timely manner.
10-7-2016 Guest Guru Daz THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD. AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET...THEY WILL JUST AS SIMPLY... “TURN THE MONEY BACK ON”. IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE...HANG IN THERE...WE’RE READY WHEN THEY’RE READY. [post 2 of 2]
10-7-2016 Guest Guru Daz IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY. IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY...IN ITS OWN RIGHT. THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY. DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE...A COALITION OF NATIONS “TURNED OFF THE MONEY (DINAR)” AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004. [post 1 of 2....stay tuned]
10-7-2016 Intel Guru SteveI Article: "Parliament warning of the collapse of the Iraqi economy" If this is not the writing on the wall, than I have no clue when they will get it. I personally find this article very positive and a very true picture of the position they are in. It seems like it is make it or break it time for Iraq. I do believe the first part is what they are after.
10-7-2016 Intel/Newshound Guru Backdoc ...IRAQ IS RIGHT ON SCHEDULE FOLLOWING THEIR LETTER OF INTENT WITH THE IMF...I MENTIONED JUST BEFORE THE END OF SEPTEMBER THAT THEY HAD TO ACTIVATE THEIR TARIFFS AND BEGIN BROAD TAXATION WHICH WE CAN NOW CONFIRM BY...ARTICLES... ALL APPEARS RIGHT ON TRACK AS I SEE IT! ALSO, THE CONTINUED LOAN AGREEMENTS WITH THE IMF WERE CONDITIONAL UPON IRAQ COMPLETING THEIR RESPONSIBILITIES.. REMEMBER THAT MANY THINGS ARE COMPLETED ON THE 7TH OF THE MONTH AND GET LAUNCHED ON THE 8TH AS WE’VE SEEN OVER AND OVER AGAIN.
10-7-2016 Intel Guru Bruce Disclaimer on rates or dates, but very very close to our turn... We’re not calling it, and not saying when exactly. Rates: they are very high... This blessing/RV is currently UNDER WAY. Something that has started, that we believe is NOT TO BE STOPPED until it’s at its rightful conclusion. With...ratification of the Paris Agreement, and announced by Obama yesterday afternoon, we are ready to go. I know they’ve celebrating in Iraq since Tuesday. They’ve got their Smart Cards hydrated. Mosul has been taken back, looking out for a positive announcement on that. Things are moving along nicely and it shouldn’t be too long for our turn.
10-7-2016 Intel Guru Frank26 Bagdad, Basrah, Mosul, Erbil, Sulaimaniyah...These 5 cities are where the five Central Banks of Iraq are. We have 4 out of 5...secured...all that is missing is Mosul. In other words...the catastrophic corruption (think GOI/CBI) between banks (think Auctions) and companies in the sale of the American Dollar is coming to an end.” So, they are following the IMF’s instructions...inventorying their product (currency). IMO … I believe we are going to see a budget...by the 3rd week of this month...and see a change in their monetary policy and a change in their currency...THIS YEAR! I’m not giving you a date...but before the end of this year...we are going to see a change.
10-7-2016 Intel Guru Frank26 ARTICLE: “The catastrophic corruption between banks and companies in the sale of the American Dollar is coming to an end.” NINE EXAMPLES that CORRUPTION in IRAQ is being killed:
#1 -- The policing of the United Nation groups, new laws, new banking systems being implemented.
#2 -- The currency auctions are being monitored. That was the hole in the bottom of the ship.
#3 – No more false names / dead people / false companies, etc.
#4 – The USD needs to stop being used (MCP) – which has been used at the borders
#5 – No more false bills / PO’s.
#6 – No false accounts...
#7 – No more diffusion of payments to false areas (building fake parks, etc).
#8 – The antiquated banking systems had to stop
#9 – No more false passports to transport IQD out of country. [post 1 of 2....stay tuned]
10-6-2016 Newshound Guru Islandg1211 Abadi said that the oil and gas agreement is going to take a few meetings to get everything worked out. Today's announcement is the result of one aspect of the meeting getting worked out to everyone's advantage. Was the RV ever going to happen without a fair system in place that the oil companies could trust? No. Two very important oil agreements have been made between Baghdad and Erbil. First was the agreement to split the disputed oil field. Then an undisclosed presumed agreement for post-ISIS Mosul. Now an independent auditor for the Kurds' oil. This is looking very, very good for a completed oil agreement with the Kurds. [post 2 of 2]
10-6-2016 Newshound Guru Islandg1211 I wanted to highlight today's news that Kurdistan has hired DeLoitte to be their oversight of their oil production. This comes after Barzani and Abadi's meetings, and directly is related to an Oil and Gas law agreement. Baghdad has to have faith in the Kurd's oil accounting. No more under reporting oil production. No more illegal sale of oil by the Kurds. Corruption has to stop. The citizen's share of oil has to be fairly and correctly accounted for. Bringing in Deloitte is Huge! [post 1 of 2....stay tuned]
10-6-2016 Intel Guru Dr. Clarke [In your opinion does the Paris Agreement have anything to do with the dinar or dong increasing in value?] NO, NONE WHATSOEVER...But, Oil topping $50 today, does..Big Time.
10-6-2016 Intel Guru ADMINBILL I HAVE BEEN INFORMED BY A SOURCE WHO WAS NOT EXCITED LAST WEEK...WHO NOW IS. WHY? BECAUSE THIS SOURCE, AND 10+ OF THE SOURCES ASSOCIATES HAVE BEEN NOTIFIED VIA AN OFFICIAL EMAIL TO STAND BY FOR TELEPHONE COMMUNICATION TO SET UP APPOINTMENT. OUR TURN IS NOT HERE YET. BE PATIENT. LET'S SEE HOW THIS SHAKES OUT. I AM ABSORBING THE DETAILS AND PUTTING A TIMELINE TOGETHER THAT TAKES INTO ACCOUNT THE TOTAL INFO DUMP OF THE LAST 24 HOURS. BY ALL ACCOUNTS WE SHOULD BE DONE BY THE 15TH...PARIS AGREEMENT SEEMS TO HAVE BEEN CATALYST.
10-6-2016 Newshound Guru Adam Montana [Everyone seems to be waiting for Iraqi to RV. With China now having SDR's, the international emphasis seems to be on Asia. What are the odds that Vietnam or some other Asian country would RV first? ] China is indeed something to watch, I've been paying attention to how that might affect things. So far... nothing big. And I don't particularly think we have to worry about any other country doing something with their currency first - Iraq is very unique in it's situation and ability to maintain a stronger rate based on their physical assets, including geographical location and natural resources.
10-6-2016 Intel Guru Frank26 ARTICLE: “Iraq has enormous economic potential” ...the corruption that has choked off the monetary reforms is...being eradicated. ...the US Treasury put their hands in CBI auctions. They are watching every penny. No more fictitious transfer garbage! No more paying false/dead people. No more bad trades with street vendors. That should make you and I very happy. The stolen money will now be returned. A lot of money have been stolen ...and IMO...THEY WON’T GET MORE LOANS until they lift the value of their currency.
10-6-2016 Newshound Guru mike Article: "Dozens of Dar Al Salam Bank clients are demonstrating in central Baghdad to demand to "break the deposit fund." All the good news we're hearing about the banks is worthless until these types of demonstrations stop. Iraq is great at putting out glowing press statements but where the rubber meets the road, it's the same old story we've heard for years. If someone deposits their money in your bank you are obligated to return it when they ask for it, there should be no need for demonstrations and accusations against the CBI for collusion. This kind of systemic failure by the banks in Iraq will take years if not a generation to overcome without serious change and incentives for the people of Iraq to return and deposit their money.
10-6-2016 Newshound Guru Adam Montana And now let me top this all off with a little bit of sweetness... Article quote: "...Office of the Prime Minister said, that the issue of the Kurdistan Region's share in the budget for fiscal 2017 will be resolved in the coming days." To me, that says...BOOOOOOM! We are 3 months from the end of the year. As I mentioned earlier, they probably felt a bit of a setback from the price of oil, which didn't stabilize where they planned on it settling. Yet they are now talking about the next budget, with concrete(ish) deadlines for specific (and important) milestones. We are already seeing signs that the full Cabinet will be listed and possibly in place - you can bet that they are MUCH further "behind closed doors" than they are letting on - but we are seeing that this progress could happen as soon as this weekend, around 8th of October...we shall see. I'm hearing good things from my people... [post 3 of 3]
10-6-2016 Newshound Guru Adam Montana Abadi's New Government... This could also have a major impact on the progress (or lack of) we saw over the summer, and even last month. ...Abadi did a HUGE staff change...but...some of the people he wanted to throw out or move to the side have dug their heels in pretty good, and this is yet another prime reason I think we saw things slow to a crawl over the past few months. Good news: In Tomorrow or Saturday's session, Abadi is scheduled to give the final list of the new crew...this is a GREAT step for us. The government of Iraq, under Abadi's new leadership, has proven to be immensely more stable than any time during the previous decade. Stability of the Iraqi Dinar...as reported by multiple sources...the trading price on the Dinar has maintained stability against the USD to within a couple percentage points. In fact, one could argue that it's perhaps one of the strongest currencies in any market...The IQD has come an incredible and extraordinary distance in the face of many challenges. We don't think they are done surprising people. [post 2 of 3....stay tuned]
10-6-2016 Newshound Guru Adam Montana I had not hoped for much during September, but there is still a distinct glimmer of hope that we will see some action this month. Does that mean "RV"? Nobody can make that promise, but let's talk about what we know...as we enter October: Over the summer...we saw a very disappointing DIP in the PPB (Price Per Barrel) around August. Bad news: The PPB is not at the $65 mark that Iraq set it's budget at... Good news: Oil has came a long ways in the right direction for them, from ~$35 to the current ~$50. ...an increase in the price of oil - or even a reasonable expectation of that - is good incentive for "The Iraqi Powers That Be" to flip the lid off the button and get ready to push it! [post 1 of 3....stay tuned]
10-6-2016 Intel Guru Bluwolf I wish to tell all that a lot has been happening in all aspects of the current worldwide situations as of Thursday 9-29-2016; 2:45 p.m. est. and that what each of us has been waiting to occur is now a given. My thoughts on this last matter (WE ARE THERE).
10-6-2016 Intel Guru ADMINBILL HEARD...THAT ONE OBSTRUCTION WAS YET TO BE WORKED THROUGH. KICKOFF NOW EXPECTED TO BE COMPLETED ON OR BEFORE THE 15TH.
10-5-2016 Intel Guru Frank26 Is China bringing the strength that the IQD needs...or is the IQD bringing the strength to a basket that is filled with other currencies that the Chinese Yuan has just joined? IMO – I believe that the IQD will not be put into the basket, it will be used to support the basket. That is how powerful the IQD is. [reference Guru Jester post 10-5-16]
10-5-2016 Intel Guru Jester Today, the International Monetary Fund (IMF) announced the launch of the new Special Drawing Right (SDR) valuation basket including the Chinese renminbi (RMB), and the new currency amounts that will determine the value of the SDR during the new valuation period. THE NEW SDR IS HERE!
10-5-2016 Intel Guru Frank26 The ACCOUNTABILITY & JUSTICE LAW, and the NATIONAL RECONCILATION DAY...has EVERYTHING to do with the monetary reform of the IQD! The IMF gave them BEFORE NOVEMBER...if they wanted the LOANS...and now the BONDS. We are NOT deviating from that! US Congress will NOT back them up until they raise the value of their currency...Iraq is following the IMF – regardless of how long it takes. In my opinion, the GOI has less than 18 things they must accomplish. The CBI only has one thing to do...raise the value of their currency. Inside...in my opinion...it will be 1 to 1 with the USD...but that is a neutral event INSIDE OF IRAQ...in my opinion, the lower denoms are in position, waiting for the value to give them life. [post 2 of 2]
10-5-2016 Intel Guru Frank26 Iraq went through a National Reconciliation Day...THAT WAS HUGE!!! Do you know what that is? That’s like our 4th of July – on that day, they told the citizens that they have plans... Abadi received the full plan for the liberation of Mosul...Mosul is eminent... National Reconciliation Day stands for unity, and on that day there was a lot of agreement within the GOI and what they said to the citizens. That they put up a front that IRAQ IS UNIFIED. The accountability and justice law is secondary to the amnesty laws. You are about to see them, and they are important because it brings Iraq together. I believe that tomorrow, Abadi’s speech will talk about that. [post 1 of 2....stay tuned]
10-5-2016 Intel Guru Bruce My understanding from my sources is the Paris Agreement has been ratified. It hasn’t been announced yet. It is good to go and ready for what we are hearing. It is not something we are waiting for. We don’t do rates or dates. It could be right here anytime now. It could happen any day now. Just can’t name it, can’t say it is tonight, tomorrow, or Thursday. We did hear the new rates maybe on XE.com already. I can’t confirm that yet. I like to know if that is the case. If so, we could be right there. I think where we are is very close according to what we heard. All I can say is if it is not the next day or so, it should be here this week.
10-5-2016 Intel/Newshound Guru Backdoc Article: "Masum ratifies border crossings Commission Law" Quote: "The law ensures the smooth flow of work and the achievement of the entry of people and goods and to raise the level of service and border crossing points show the proper manner as interface Iraq," stressing that "the law sent for publication in the Official Gazette." AS I REMINDED YOU ALL RECENTLY THE LETTER OF INTENT REQUIRED THEM TO DO THIS NOW! CLEARLY THEY ARE FOLLOWING THE PLAYBOOK!
10-5-2016 Intel Guru ADMINBILL I HAVE RECEIVED CONFLICTING INFORMATION THIS MORNING WHICH I WILL BRING TO YOUR ATTENTION. THE FIRST BIT IS FROM A RESPECTED SOURCE THAT CLAIMS THAT THE BANKS CLAIM THEY ARE READY EACH AND EVERY WEEK AND YET NOTHING HAPPENS. THIS IS TRUE, OF COURSE, BUT DOES NOT MEAN IT WILL NOT HAPPEN...AND PROBABLY SOMETHING PROVIDING THE PUSH TO GO THROUGH AS PREDICTED, IS THE REPORTED IMPLEMENTATION OF THE 2017 IRAQI BUDGET. LOOKING FOR A GREAT WEEK FOR DINARLAND. LET'S SEE IF THE PUPPET MASTERS LET THE BANKS PROCEED AS THEY ARE ITCHING TO DO. THEY NEED IT TO HAPPEN. SO DO WE.
10-5-2016 Newshound Guru rcookie ABADI ANNOUNCED AWAY FROM CHAIRING COM REGULAR MEETING THE REDUCTION OF DEFICIT IN 2017 BUDGET AFTER AMENDING TO BE $15 TRILLION IQD FROM 32 TRILLION IQD...AND DELIVERS 1ST "EDIT MOSUL" RADIO ADDRESSMENT TO MOSUL CITIZENRY ANNOUNCING IRAQI FLAGS WILL BE FLYING OVER YOUR CITY SOON JUST AS PREVIOUS AREAS...ABADI ANNOUNCES THE PROBLEMS BETWEEN BAGHDAD & ERBIL WILL NOT ALL BE RESOLVED IN 1 OR 2 MEETINGS.
10-4-2016 Intel Guru Frank26 BONDS...in my opinion, it does appear that the USA will not back up the BONDS that the GOI wants to sell. Remember, back in December, the IMF told the GOI that they were going to help them – if they raised the value of their currency. Well, here we are...upon the prepuces of the monetary reform...and Abadi saying they have done everything...well...IF... you have done everything...they get LOANS don’t they? I have not seen the CBI website show me a new rate for the IQD. They have not changed it officially. DO THEY WANT THE LOANS...the 640 Million Dollar Loan. They will get that WHEN they raise the value of their currency...and if they don’t...they won’t get the BONDS. This is not bad news. This is fantastic news!
10-4-2016 Intel Guru Dr. Clarke There’s a Financial Earthquake, taking place worldwide in October, as we speak...shaking up all forms of Security, as we/they know it...the list, too long to relate. You saw one indicator this weekend, when the U.S. postponed the bonds with Iraq, till 1st quarter 2017...Russia, China, Germany, U.K., Venezuela, Afghanistan, Syria, Saudi Arabia, N. Korea threats, Deutsche Bank collapsing, Wells Fargo fiasco & theft, Italy, Japan, U.S. debt load...we could go on, and add the Corrupt & Insecure conditions that exist, not just in Iraq, but in the largest financial systems worldwide... HOWEVER, This could NOW suddenly move right into place at ANY MOMENT...the Announcement, a New substantially increased rate in Iraq, Official International Article 8 status...and Vietnam - substantially increased rate, and a few others soon...the Committee, has the final say. You see all the indicators...This Week is not over...there’s more. IT’S RIGHT HERE...NOW. “ANY MOMENT, ANY DAY”……that’s where we’re at Friends, Right Now, as of Oct. 4, 2016. [post 2 of 2]
10-4-2016 Intel Guru Dr. Clarke We were 100% WRONG about Oct. 3rd. ALL EGO checked at the front door. Why? There are NO Explanations or Excuses...at least none that are worth relating, from any direction. Now, here’s what we Know & can share. We’re Officially in “Any Moment, Any Day” season. This is still the 1st WEEK of October, “Within the Plan”...this important week is not over...and the U.S. & Iraq want an Official Internationally traded currency ASAP. The UN & IMF want a little more Security, which has brought up the question of more time, into the equation...thus this December 1st dateline, we mentioned before...not that it has to wait this long, but we only mention it, because it’s a strong part of the discussion, that’s been considered, and now you know about it. [post 1 of 2....stay tuned]
10-4-2016 Intel/Newshound Guru Backdoc Article: "Central: The dollar fell a natural reserve and we have enough to import a long time" Article quote: "Counting the Iraqi Central Bank on Tuesday reduced its reserves from the dollar, "a natural phenomenon" due to lower selling prices, and stressed that this decrease was "vain" and achieved "very important" economic purposes, social, and as pointed out that the current reserves "are sufficient to cover currency exporting and imports for a long time..." THIS ARTICLE OF "ACTION" IS VERY TELLING INDEED! ALL OF THE SUDDEN THEY HAVE THE NEED TO DE-DOLLARIZE, HEE HEE. AHH BUT THOSE DOLLARS SEEMED TO SERVE THEIR PURPOSE DIDN'T THEY? WITH SOME TYPE OF ACTION TAKEN THERE SEEMS TO BE NO REASON TO HANG ON TO EXCESS DOLLARS THAT ARE GOING DOWN IN VALUE RIGHT? HEE HEE. IT SEEMS THEY HAVE ENOUGH FOR A LONG TIME NOW! GOTTA LOVE THIS ARTICLE! ACTIONS MEAN THINGS! IMO.
10-4-2016 Intel Guru Frank26 ...WF [Wells Fargo] has spent millions of dollars this year to put up some screens in their front lobby...and when you walk into WF, do you know what you see? These big TV screens … and do you know what is on them? Foreign Currency Rates. Why would WF even bother to spend millions of dollars to let you know what the rate is of foreign currencies? What, are they preparing for something? Is the monetary reform coming to an end? ...this is an indicator... how fast and how far things are going along.
10-4-2016 Newshound Guru mike Article: "Iraq begins radio broadcast to Mosul ahead of offensive" ...it looks like they're finally going after Mosul.
10-4-2016 Newshound Guru rcookie Article: "Financial inspector declares re 31 billion dinars to the state treasury" Quote: "...the Office of Inspector General of the Ministry of Finance was able to re amount of 31 billion dinars, the public treasury of the state for the benefit of, the impact of investigations, inspections and investigations rotating established by the Bureau during the first half of the current year." SO 31 BILLION IQD RETURNED TO STATE ACCOUNTS IN 1ST 6 MONTHS OF 2016...
10-4-2016 Intel Guru Frank26 The police action that has gone into Iraq from the UN has discovered that over 300 companies are involved in stealing out of Iraq’s Central Bank. Isn’t the IMF going ballistic because of this information? Oh yes! We are cleaning it all out – like a root canal. Trillions have been traced/stolen... if they bring those dinars back...wow! According to recent articles – the citizens are now trusting the banks in Iraq. That is important part of the monetary reform! So they’ve taken them from a Black to a Gray to a White List. you know what a white list means? It means that their banking structure has no restrictions on them. [post 2 of 2]
10-4-2016 Intel Guru Frank26 All Providences are preparing themselves to deal with the INTERNATIONAL world. ...it’s no longer about terrorism. Iraq desperately wants to join the international world – but corruption is everywhere. Who’s behind the corruption? The ministers who have been stealing from parliament or the CBI through the auctions. Remember, the auctions used to be between 3 to 4 Million a day? Now these auctions are much, much lower. Family members of the GOI and banks in other countries have been involved in stealing money. The UN is looking at everything to help Iraq move into an International market place. The international world is looking inside of Iraq...to help them become international. The UN is there to provide discipline and stop the corruption...security teams with the UN are there. [post 1 of 2....stay tuned]
10-4-2016 Newshound Guru mike Article: "US Congress refuses to guarantee half the value of Iraqi bonds" Quote: "Iraq plans to raise two billion dollars from the global debt markets this week to fill the budget caused by lower oil prices gap after the US Congress refused to guarantee half the value of the bonds." No more loans for the corrupt politicians, a rising tide should raise all boats, so far, only the elite are doing well. Pass the laws and open up the markets, they've wasted enough time trying to maintain the status quo that even they can't afford without begging and borrowing from the rest of the world.
10-3-2016 Intel Guru ADMINBILL JUST INFORMED BY INTERNATIONAL SOURCE THAT THE FINAL PEG REQUIRED TO FUND RV HAS BEEN ACCOMPLISHED. NO LOOKING BACK. THIS WEEK LOOKING EVEN BETTER THAN AN HOUR AGO. WEDNESDAY - THURSDAY.
10-3-2016 Newshound Guru Kaperoni [...is there any part of you that feels the dinar will never reevaluate] I am certain the dinar will rise as a result of opening the market economy. Do I fear a delay? Yes. As long as Maliki can interfere delays can and probably will happen.
10-3-2016 Newshound Guru rcookie FYI...LOWER AUCTION SALES NOT CORRELATED WITH REDUCING NOTE COUNT...[Do the lower numbers over the last week or so tell us anything?] YES...THAT THE UST HAS PUT ITS PIMP HAND DOWN IN THE CBI...BLACKLISTED 300 AUCTION ACTORS TODAY...
10-3-2016 Newshound Guru mike I don't see any kind of reconciliation with the Kurd's. Abadi can't do it and Barzani, by now, doesn't want to do it. Just two days ago...Maliki requested that Barzani and his entourage be arrested when they got to Baghdad. Does that sound like a GOI that wants to hug it out with the Kurd's? ...Abadi...can't do it alone, he needs Parliament behind him. Plus, Abadi is acting exactly like Maliki, Iraq currently has no Interior, Defense, Foreign or Finance Minister. Iraq needed a strong, independent and honest politician who could unify the country and end the rampant sectarianism and corruption that's keeping Iraq on it's heels. That hasn't happened. The Kurd's are as alienated as they ever were and the Sunni's are distrustful of the Shia who are supposed to be liberating them from ISIL. It's the same old song so far, I'm hoping something changes soon...
10-3-2016 Intel Guru ADMINBILL THIS WEEK LOOKS PROMISING. MANY POINTING TO A CONCLUSION. BANKS ARE READY AND NEED THE ASSET BACKED CURRENCY TO STIMULATE BOTTOM LINE.
10-3-2016 Newshound/Intel Guru BGG WHAT DID SHABIBI SAY WAS MOST IMPORTANT DETERMINANT TOWARD MONETARY REFORM. 1) inflation 2) corruption? Article quote: "Annual inflation index in Iraq decreased slightly by 0.2%, during the period from August / August 2015 and up to the same month of 2016, while the monthly inflation index rose in August." So if, as Dr Shabbibi said - it's about inflation and corruption - these things are being dealt with directly...it appears they are making direct and rapid progress as per their agreements, directives and oversight from the IMF from the summer and before. It's IN THE WORKS NOW!!
10-2-2016 Newshound/Intel Guru BGG [There are 5 sovereign Ministers for the GOI, 2 are filled. What's the prospects of completing all 5 with the inclusion of the above ministers?] The filling of these positions is inevitable. When - may be another story... However, given their recent progress - I doubt there are any long term hold-up's. I just don't see it.
10-2-2016 Intel Guru ADMINBILL THIS LOOKS TO BE A VERY GOOD WEEK. THE CHINESE CONTINUE TO PUSH THIS TO CONCLUSION WHILE THE USA CONTINUES TO STALL IMO. THE STALLING CANNOT BE CONTINUED MUCH LONGER AS MOST BANKS AND ECONOMIES ARE ON THE BRINK OF COLLAPSE. WITH THE RV/GCR MANY THINGS WILL CHANGE THAT WILL NEGATIVELY EFFECT THE VALUE OF UNITED STATES DOLLAR WHILE AT THE SAME TIME INCREASE THE VALUE OF OTHERS. THE STALL WILL NOT CONTINUE. I AM LOOKING FOR GOOD THINGS TO HAPPEN VERY SOON. WE KNOW THE BANKS ARE READY IN THE USA AND ELSEWHERE.
10-2-2016 Newshound Guru rcookie ...IRAQ STRUCK DEAL IN JULY TO COMPLETE MONETARY REFORMS INCLUDED IN 2017 BUDGET...WHICH THEY DID...AND US HAS NOT HELD ITS END OF THE BARGAIN AS FAR AS GUARANTEEING HALF OF THE BONDS...WHICH WERE IN THE 2016 BUDGET AS WELL AS THE PENDING 2017 BUDGET...THEY ARE SAYING THEY ARE GOING TO DELAY THE BONDS THAT WERE SCHEDULED TO BE LAUNCHED BEFORE END OF 2016 ...TO EARLY 2017 BECAUSE US CONGRESS FAILING TO APPROVE...THAT WILL BECOME ANOTHER AMENDMENT TO 2016 BUDGET LAW THAT WILL HAVE TO BE ADDRESSED... THE LOAN AFFECTS BUDGET EXECUTION...NOT CURRENCY REFORM...BOND DELAY AFFECTS THERE ABILITY TO EXECUTE THE BUDGET AND ADDRESS THE DEFICIT THRESHOLDS SET BY THE IMF...
10-2-2016 Newshound Guru mike Article: "Iraqi attempts to issue international bonds to ensure the failure of US" The fallout from sacking Zebari is costing Iraq dearly. It looks like Zebari was trusted by the US and now that he's gone, we're not going to guarantee any more loans. The corruption is killing Iraq at every turn, and now that the Reform Front is gutting Abadi's cabinet, it's getting worse. The funds Iraq was looking for at the end of this year and for 2017 are disappearing, I don't know how they're going to make up the shortfall.
10-2-2016 Intel Guru Frank26 [ I BELIEVE WE SAW ARTICLES THAT STATED IRAQ HAD NO MORE THAN 3 DAYS TO SHOW IT TO THE WORLD ONCE THEY ACTIVATED THE RATE.] Yes...Also ... In country they can make an announcement and not post a rate ...Up to 3 days.
10-1-2016 Intel Guru Frank26 Dr. Shabibi is no longer in Iraq...he’s not in Baghdad...he’s not in the Green Zone...he’s not in the CBI...Dr. Shabibi lives in Europe... and he is actually no longer with the CBI...and he’s not coming back...it is possible he might make a speech from somewhere else...but he does work with the IMF...but he’s not coming back...he’s finishing up his work.
10-1-2016 Newshound/Intel Guru BGG Mosul HAS NOT been liberated... though it is likely a "foregone conclusion" - some time ago, astute analysts have been saying the politics would be harder than the actual "battle" itself... and it looks like they are getting very close to broad-based agreement on the subject.
10-1-2016 Intel Guru ADMINBILL IT APPEARS WE ARE ON THE DOWNHILL SLIDE ON THIS RIDE IF EVERYTHING WE ARE HEARING AND SEEING IS TO BE BELIEVED. I PRAY IT IS SO. MUCH HAS HAPPENED AND MUCH CONTINUES TO HAPPEN. [...do you think what is going on with the Deutsche Bank is effecting the RV?] YES.
10-1-2016 Newshound Guru mike When I first got into this the official rate was 1170-1 and then dropped to 1166-1. Last year the dinar took a small hit and the value went to 1182-1, which I never thought I'd see, we've been expecting a raise in the rate, not a decrease. As of yesterday, the street, or market rate for the dinar is 1291-1, roughly 9%. The MCP cannot exceed 2% so we're far from IMF MCP compliance. [post 3 of 3]
10-1-2016 Newshound Guru mike I know we're all counting on the beginning of 2017, but I remember when they said Iraq would join the world in the middle of 2016 and that never materialised. Here's hoping they can make good on their claim for 2017, it's clear that what they're doing now is moving the country backward, not forward...who would have thought we'd be sitting here in 2016 at 1182. Iraq needs a non-sectarian, transparent government wIth the political will to improve the quality of life for the citizens and advance the country. Your move, Abadi. [post 2 of 3....stay tuned]
10-1-2016 Newshound Guru mike Article: "Financial problem in Mesopotamia (the crisis generated crises) when dealing with (economic crisis) in Iraq? The causes and solutions? Why occupy Iraq is full of opportunities and resources armies of the unemployed?" Quote: "what we thought previously a good price (1500 dinars per US dollars) is no longer enough now." This guy is opposed to the idea of lowering the rate of the dinar to 1500-1, he states very clearly that a stronger dinar would be better for the citizens. Maintaining the status quo will continue to drain the reserves, if they don't make a move soon, the options available will be limited. He's also firmly against the trend Iraq has taken regarding trying to borrow their way out of the pickle they're in, it's not a long term solution, they're putting a band-aid on a bullet hole. [post 1 of 3....stay tuned]
10-1-2016 Newshound/Intel Guru BGG Article: "The Peshmerga under the command of al-Abadi and increase the budget of the Kurdistan" it appears this recent visit in Baghdad by the Kurds (which hasn't happened in a long time)... went VERY well...(almost as a "side note" it appears they are hammering out a new Oil deal... I would more expect it to be along the lines of the last, for expediencies sakes - "codified" in the next budget...) rather than a legit HCL... (which is fine)... it all works
10-1-2016 Intel Guru ADMINBILL ...RV/GCR WILL NEED TO GO PRIOR TO OR AT THE SAME TIME AS HB's [HISTORICAL BONDS]. BEHIND THE SCENES ACTIVITY SPIKING INTERNATIONALLY.
9-30-20216 Intel Guru ADMINBILL Friday is upon us once again. But will this Friday be different? This is the last Friday of the month, of the quarter and of the fiscal year. My sources continue to say we will see this on or before the 10th with a high probability of Monday. All we can do is keep watching and listening and pray they are correct.
9-30-2016 Intel Guru Dr. Clarke [...based on the events of the past 72-hours, are you still confident for "Calling This RV" for Monday, October 03rd 2016?] We are completely prepared to be "Tortured, Ridiculed, Slain, Burned at the stake, Blamed, Caballed, Deviled, Evil-ed, Disavowed, Discredited, Favor-less, and completely Obliterated" by all of Dinarland...if it doesn't. With a Smile on our Face...YES.
9-30-2016 Intel Guru SteveI Article: "A government official: There is a shortage in the domestic market Dinars" Quote: "the fiscal policy of the Iraqi government in general is facing a shortage of Iraqi dinars in the local market." This problem is about to change in the very near future. Hang in there.
9-30-2016 Newshound Guru rcookie [any news on parliament voting?] TUESDAY...JAAFARI QUESTIONING 9TH...ABADIS MINISTERS INCLUDING FINANCE, DEFENSE AND INTERIOR NEXT WEEK...
9-30-2016 Newshound Guru mike Article: "Sources: al-Jaafari anticipates dismissal submit his resignation to Ebadi" And another one bites the dust and brings the total to four ministers from Abadi's cabinet who will be gone. Maliki and the Reform Front are gutting Abadi's cabinet. Iraq now has no Interior, Defense, Finance and Foreign ministers to represent Abadi, wonder who's going to be next? The thing we're waiting on is the necessary legislation to create an open market economy to allow the dinar to appreciate, and without a cabinet or a functioning government, it's going to be very difficult.
9-30-2016 Intel Guru Frank26 I think the barrel of oil is going to go to somewhere around $120...for about three months and then come back down to $60....they would be out of trouble at the blink of an eye...this will fuel the budget…And with ISIS not controlling oil any longer anywhere in the ME...and with the auctions now being controlled by the UN police...the days of ISIS are numbered...ISIS cannot sell any oil on the black market anymore...is this a coincidence...that the price is now going up when they are no longer in control of any oil....well would it be a coincidence if the Iraqi dinar were to go up when they are no longer in control of what they stole. Iraq set its oil ceiling and will prop up oil prices for the international market...you know why...so they can be in line with OPEC. [post 2 of 2]
9-30-2016 Intel Guru Frank26 The price of oil was adjusted...and ...amended into the budget and that helped tremendously...there was an adjustment of 90.22 trillion IQD...that is the $77 billion that was reduced...you should pay attention to these numbers that I am reading to you...you can go to the CBI website and look...they are expressing them in IQD’s...that is huge...that makes the IMF really happy... I also want to share with you is that OPEC has agreed to freeze their oil production...and just because they did that...it caused the barrel of oil to go up by $2.35...and it is going to continue and continue... [post 1 of 2....stay tuned]
9-29-2016 Intel Guru Frank26 ...these UN groups...are watching the GOI bad guys...and the CBI bad guys...they are watching how things are being paid...they are really eyeballing every movement...every step...of the CBI auctions... because that is the main way that money has been stolen from Iraq... The word is that things are moving along fast...even the budget was reduced... that was a huge factor that was talked about over in DC/NYC...it was reduced by $77 billion. ...in the next two or three weeks let’s see what happens to Abadi and the GOI and the CBI governorship and the new technocrats that will come in and what the UN report will be when they are done with what they are doing in Iraq....there is a lot of stuff that is going to come out in the next two weeks. [post 2 of 2]
9-29-2016 Intel Guru Frank26 ...we have been proposing the idea that in Iraq it is not so much terrorism that is so much of an urgency...it is more now focused on the corruption...we told you once Mosul was given to you the Monetary Reform would be talked about a lot...since Abadi has been back...it has been article after article about their Monetary Reform...about floating...about the exchange rate...about changing it...when Abadi left to go to DC. and deal with Obama and go to the United Nations in New York City to deal with the corruption of his country...he asked for many things...he got them...he got many things...and...one of the things he got was more security to deal with the corruption...in fact when he left...the corruption in the GOI lifted its feet up again... he brought the UN...that is HUGE... [post 1 of 2....stay tuned]
9-29-2016 Newshound Guru mike Article: "Consultant Abadi: Barzani looking new agreement in Baghdad to export oil region" This is where the rubber meets the road when it comes to the HCL. Barzani wants a province centric HCL which is transparent and allows more input from those who are actually pumping it. Here's hoping Abadi can get something fair pushed through.
9-29-2016 Newshound Guru rcookie BARZANI IN BAGHDAD FOR 1ST TIME IN 5 YEARS TO MEET WITH ABADI AND BLOCS...GOING TO BE HUGE WEEK..
9-29-2016 Newshound Guru Adam Montana [...with Maliki in our face, almost daily: Please comment on the possible reactions that may occur from his actions.] I still don't put much stock in Maliki's presence.
9-29-2016 Intel Guru ADMINBILL THE INFORMATION FROM LAST NIGHT AND THIS MORNING REMAINS GOOD. SOME IS IN AGREEMENT WITH [GURU] DR. CLARKE'S POST FROM YESTERDAY. SOURCES TEND TO BELIEVE THAT THE RV HAS HAPPENED WITH A CONTINUATION OF A SLOW ROLL OUT IN PLACE. MOST AGREE THAT "INTERNET GROUPS" WILL BE PARTICIPATING ON OR BEFORE OCTOBER 1OTH... [reference Guru Dr. Clarke posts 1, 2, & 3...9-28-2016]
9-29-2016 Intel Guru Frank26 After Mosul we would see more on the Monetary Reform...I believe Mosul is coming to a close now because different parts of the Economic Reform came out before they even told you about Fallujah...I’m seeing the Monetary Reforms in the last few days come out in great strides...Try to stop an avalanche...it is coming down like a lava flow... you can’t stop this Monetary Reform.
9-29-2016 Newshound Guru Adam Montana [Do you think oil with stay low & cause the RV to delay or come out lower?] I think oil will start to go back up OR Iraq will adjust, but it will not be a permanent delay. [Do you still think we can / will see an Oct RV or simply things "getting better".] Both.
[ I am under the impression Mosul will be retaken by the joint forces within a few weeks. Does that make any more reason for them to finally roll out there new rate?] It's not "the" reason, but it's definitely forward progress and a positive thing.
9-29-2016 Newshound Guru rcookie Article: "Iraq: 634 receive Advisor Abadi million dollars from the IMF and the budget deficit "shrinking" Quote: "...the size of the budget deficit in 2017 shrank from 34 trillion to 12 trillion dinars, indicating that the next instalment of an IMF loan for Iraq amounted to $ 643 million..." AND THERE IT IS...DEFICIT TRIMMED FROM 34 TRILLION TO 12... [those numbers are amazing.] WITH IMF ASSISTANCE AND GUIDANCE JUST LIKE 2016 BUDGET THEY CO AUTHORED...NEVER... EVER...EVER HAPPENED IN THEIR HISTORY...NEVER...THEY FINALLY RIPPED THE BAND AID OFF...READY TO PLAY IN THE BIG BOY SAND BOX... [post 2 of 2]
9-29-2016 Newshound Guru rcookie Article: "Cabinet approves 2017 budget amendment" SO 2017 BUDGET AMENDMENTS APPROVED BY CABINET...JUST AS LAST YEAR WITH THE IMF CO-AUTHORING BUDGET AND MANDATING THE CRITERIA THAT WOULD QUALIFY THEM FOR THE SMP AND THEN SBA LOANS...THIS YEAR EXACTLY THE SAME...THEY GOT THEIR 2ND INSTALLMENT OF SBA MONEY BECAUSE THEY MADE THE NECESSARY AMENDMENTS TO IMPAct deficit and reforms that were then inspected and approved by imf before relaesing loan money... [Will the OPEC decision today hinder those output numbers?] NO...THE OPEC NEWS IS GREAT BECAUSE IT WILL POSITIVELY IMPACT BUDGET REVENUES...AS OIL WAS ADJUSTED TO $42...DEFICIT ATTACKED ON BOTH ENDS.....IMF SMILES AND CUTS NEW CHECK...SIMPLE. [post 1 of 2....stay tuned]
9-29-2016 Newshound Guru mike Article: "Trade protectionism stimulate national industry" Quote "...resort states to various means in order to encourage and support enterprise productivity to achieve economic growth..." We've known this for years, so do the Iraqi's, what's missing is the political will to implement the much overdo changes to the open market economy. On a positive note, at least they know what they need to do. Now they just need to do it.
9-28-2016 Newshound Guru Adam Montana ..."on par with the neighbors" --- I've heard this one for years and there is absolutely no reason one country can value its currency at a higher rate just because another country close by is at a higher value relative to the dollar...thats like me saying well bob down the road who is a CEO of his own company just got a new mustang ... I should have one too ,even though I work part time in pizza hut...with todays crazy lending policies I probably could get the loan for it in this scenario but long-term it will destroy me just like if Iraq jumped the gun and set a rate too high based on a false belief in their ability to maintain that rate or deserve it. As mentioned above the factors that affect the value of a currency cannot be overlooked or dismissed just because one might want to keep up with the jones's (or Muhammad's in this case) its just an ego thing. I do think some day it will be on par, now whether thats because the IQD increases in value or all out chaos engulfs the middle east and everyone else drops to Iraq's current value I don't know but time will tell. [post 2 of 2]
9-28-2016 Newshound Guru Adam Montana [via The Machine] [Oil prices are relatively stable, the price of gold is staying above $1300/oz and most likely going up. Iraq has plenty of both. With all that has gone on with Iraq this year: CBI talk, banking, more oil, more gold, security, government, IMF and UN aid, etc...things are actually looking promising. I know about your 10 cent stance, and...I was just curious if you've heard anything about a possible rate of 13-26 cents, like a few other middle east countries are currently valued at as well. Just so Iraq can be 'on par' with some of their neighbors, and take advantage of the resources they possess or have yet to tap into.] oil prices stable ish --- yes...gold price staying above $1,300/Oz and heading higher --- I sure hope so...Iraq has plenty of both --- well we know for sure they have a lot of oil, how much gold they actually have at the moment is anyones guess. as for the rate --- 1c , 10c , 50c, $50 per dinar or even the current rate, it really doesnt matter to Iraq what the rate is life continues as normal, there are 120 factors that determine the value of a currency, everything from political stability to standard of healthcare, structure of the economy and population educational levels then the usual things like reserves, natural resources, workforce participation, interest rates, banking structure and policies, inflation rates and the volume of cash in the economy etc. [post 1 of 2....stay tuned]
9-28-2016 Newshound Guru Aggiedad77 Article quote: "The United Nations Development Programme (UNDP) signed an agreement today in Erbil with the Ministry of Planning of the Kurdistan Regional Government (KRG) to establish a new Funding Facility for Economic Reform (FFER)." Notice how the UN and it's various departments seem to all of a sudden be falling all over Iraq in attempts to help them....what pray tell might be coming from all this new found assistance.
9-28-2016 Newshound Guru firefly "Law No. (27) for the year 2016 general amnesty Arabic Original Document 26 Sep 2016" From the Iraq Local Law and Governance Library folks! In Print now. It is now Law.
9-28-2016 Intel Guru Dr. Clarke There just isn't a 100% complete indication, from any direction, on this Oct. 3date right now, but it is a very high probability, much more, than implementing the December 1 scenario. The reason, is that they realize, the more time taken, the more problems that will inevitably surface. They, (meaning primarily the U.S. & Iraq), want to move on this NOW, but the UN & the IMF are leaning toward a little more time, to suffice the global picture...there are a couple countries right now, seriously threatening, as we speak...These are purely our Beliefs & Opinions, as to the status of things, at this point. As of Right Now, OCT. 3rd is it. ..."Time Will Tell" ...the VN Dong - we have no status change, at all - still...at any moment. [post 3 of 3]
9-28-2016 Intel Guru Dr. Clarke The consideration, is that this would give them some extra time, to fully integrate the affairs within the country, managing the changeover sufficiently within all aspects of their banking and regulation systems - lower denoms, auctions, pricing, etc., finalize some political shuffling of key positions, finish a handful more laws, and secure a little more ISIS details - all before becoming a Full International partner, and the onslaught of changes that come with that - ALL while these other things play out, after the Oct. 1 date... [post 2 of 3....stay tuned]
9-28-2016 Intel Guru Dr. Clarke As it stands RIGHT NOW, it looks like we'll have an Official International Rate increase and exchangeable Iraq Dinar currency, on Monday, October 3, 2016. The next few days will fully determine this outcome, based primarily on events OUTSIDE Iraq, believe it or not, for this date...it has to do with the full integration of several other key political powers, and their current positioning politically. There are moves being made, as we speak, that are of serious concern. That's all we can say about that, at this time. Because of this, at this point, there is strong consideration, to FIRST substantially increase the IN-COUNTRY rate by Oct. 3, countrywide only, without granting an International status, until the Approximate time period of December 1, 2016, at which time, Iraq would Officially become an Internationally Tradable and exchanged currency, outside the country. [post 1 of 3....stay tuned]
9-28-2016 Newshound Guru Kaperoni Article: "Float the Iraqi dinar economic phenomenon that will support the national currency" hopefully the plan will be put in place soon so Iraq can start to create a private sector. The dinar is key to that success.
9-28-2016 Newshound Guru Adam Montana If you're watching the news stories, you'll already know that my prediction to start seeing things moving around now is taking shape... we've actually got news! Which is a GREAT thing, considering the lull that we were in for the last few months! I think it's clear that things are picking up pace. And that is exactly what's happening now... I am liking the current situation.
9-28-2016 Intel Guru Bluwolf The 170 hours ends sometime tomorrow. What it transpire is not known by me. For see this is on a timer (It has a day and specific time agreed on by all countries). The rates are admirable and high and the banks are all ready. Know that the US is in the original basket and it also is revaluation. Vietnam, Russia, China, Iraq, Iran, Brazil, Mejico (Mexico for you), South Korea, to name a few are in that original basket of twenty. ... the timer is about to expire and all GCR related happenings will become the world's new reality.
9-28-2016 Intel Guru Bruce Where are with Iraq? They have revalued in country, they are using Qi cards, back pay all the way back to January. Decent rates on cards. Iraq did all they were asked to do. The G20 meeting was positive, the treaties, Paris Treaty, all agreed upon. It was just announced, the Paris agreement yesterday in the UN general assembly. It was a very big deal when that went down. We are in excellent position to receive this blessing in very short order. Don’t know next day or so, but believe this is our week. That is the sort of the timing we are looking at right now. We are pretty close...get ready and prepare for your new lives that should start here pretty soon.
9-28-2016 Newshound Guru Kaperoni Article: "Central bank: Iraq will emerge from the gray list to the white early next year" Quote: "...the highest international group to monitor the money moving internationally to remove Iraq from the gray list to the white early next year, 2017..." This is one of those articles that is so matter of fact. There can be no confusion what the CBI is saying here. No misunderstanding. Here is what the IMF said in the SBA..."The authorities will gradually remove remaining exchange restrictions and multiple currency practice (MCP) (MEFP, 14). Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate." We can clearly see that early 2017 the CBI plans to enter Article VIII. This will facilitate international investment, confidence and international transactions using the dinar. This also, IMO will be when the dinar begins to float. As already stated, the CBI plans to introduce a new 50, 100, and 200 at the same time so we can expect the dinar to improve significantly in 2017.
9-28-2016 Intel Guru Frank26 Abadi is trying to take his country into the future...into the international world and to do business with it...not with the program rate...the UN applauded and said bravo to Abadi...and he met with many nations...and those nations promised many things to him...why would they do that at a program rate... Article quotes: "We Will Raise the Value of the Iraqi Dinar and it will be to Reduce Corruption by Hitting One of the Main Sources of Currency Auctions” "To Restore Confidence in Iraq Currency Retreating..." IMO I think...that Mosul is so very close to us...because of that I believe now they want to talk to you about the Monetary Reform of the Iraqi dinar...and that is good. There was another article...dealing with the Monetary Reforms and they said...we the Finance Committee, suggested that the best thing for us to do is to create a float...our exchange rate...once again another example within 48 hours of Abadi coming back from NYC and DC you see a lot of talk about the Monetary Reform. [post 2 of 2]
9-28-2016 Intel Guru Frank26 ...we were...looking at the fact that Abadi was in Washington, DC...he left early...he actually left Thursday...and he was in Iraq Friday morning and...that to us was very significant...I think the most important reason is why did he come back...because the cockroaches were once again trying to mess with the GOI...the biggest issue IMO was to deal with Maliki...and Maliki’s son...But he has been caught with all the millions that he stole…this evidence is being piled up against Maliki and his son that is dealing with corruption...United Nations also says to Abadi...we are going to come with you too...why did they come to Iraq with Abadi...I guess it is because they are dealing with corruption not terrorism. That is huge...all of the bad people we see over there are being dealt with right now...it is the root of corruption that the UN is now over there dealing with...and Abadi is right there dealing with them...Abadi is not targeting Maliki…that would be politically dangerous...but Abadi is allowing the UN to come and do the corruption clean up...in fact the US Treasury is there too...why...because the UST and the UN are both there now monitoring the CBI auctions... [post 1 of 2....stay tuned]
9-27-2016 Newshound Guru Kaperoni Article: "Float the Iraqi dinar economic phenomenon that will support the national currency" Quote: "Economist banks Rahim al-Adli suggested to the Central Bank of Iraq and the government "unrestricted flotation" Adoption in the auction currency instead of "limiting factor" that determines a fixed exchange rate to the dollar price..." This is the plan, but they must create the conditions first by passing laws, etc. so investment comes in and the dinar appreciates. If they do it now, the dinar may devalue..which we do not want.
9-27-2016 Newshound Guru rcookie Article: "Jubouri ahead of us a historical responsibility to prosecute the corrupt and detection" HISTORICAL RESPONSIBILITY TO DETECT AND PROSECUTE THE CORRUPT...AND "THE NEED TO SHIFT FROM A CRISIS SITUATION TO A STATE OF POLITICAL AND EXECUTIVE STABILITY"... WOW!!! NUFF SAID...
9-27-2016 Intel Guru ADMINBILL NO NEWS OTHER THAN WE ARE EXPECTING COMPLETION ON OR BEFORE THE 30TH OF SEPTEMBER. WILL WE SEE IT? MAYBE. COULD IT BE AFTER OCTOBER 1ST. SOME SAY IT COULD. ANYTHING IS POSSIBLE.
9-27-2016 Newshound Guru rcookie Article: "Parliamentary Finance: Financial Management Law will reveal flaws in the state's economy..." THAT IS PROBABLY THE BIGGEST AND MOST IMPACTFUL LAW WE HAVE BEEN WAITING FOR... SO...WILL BE DISCUSSED IN THE NEXT HoR SESSION... [which is next week right?] YES...TUESDAY...THE FLAWS THAT IT WILL REVEAL IN THE IRAQI ECONOMY...IS THE VERY REASON THE IMF HAS PUT SUCH WEIGHT ON ITS ADDRESSMENT...
9-27-2016 Newshound/Intel Guru BGG Article: "Urgent parliament obliging the government 10 days the progress of modifying the 2016 budget law" [why do the need to modify the 2016 budget?] I suspect they have some "house keeping" to get in order at the "behest" of the IMF... I know they have some missing line item things in the 2017 budget they have to get fixed as well... (about 12 billion worth of oil expense - from the sounds of it - IMF "no likey"... ).
9-27-2016 Newshound Guru mike By all appearances, Maliki and the Reform Front can get just about any legislation pushed through now in Parliament, just look at the messed up Amnesty Law that was just passed. If Maliki can get his version of the HCL pushed through, he can criminalize the actions of the Kurd's when they sell oil outside of the SOMO network. Barzani won't wait for that to happen. Again, this is just an opinion. [post 2 of 2]
9-27-2016 Newshound Guru mike Article: "Parliamentary Power: 4 points of contention hinder voting on oil and gas law " In my opinion, the HCL will be the law that pushes the Kurd's to hold a referendum and try to separate from Iraq. There have always been two HCL's, one was a centralized, socialist type law that empowered Baghdad to make all the decisions regarding oil, they would sign deals with the oil companies, determine where drilling would take place and collect 100% of the money's involved. The Kurd's and a couple of other provinces, aren't for that. They want more control and input over the process and want to limit the centralized approach that got Iraq into the oil mess they're in now. Iraq has delayed the provinces desire for their own laws and authorities, this will only further subjugate the provinces to the out of touch MP's in Baghdad. [post 1 of 2....stay tuned]
9-26-2016 Newshound/Intel Guru BGG [The Investment Law...is a pretty direct law, any idea what "tweaks" need to be done?] I am not exactly positive about what they are doing with it - but it appears they will make adjustments to an existing law to satisfy international pressures... and by all indications - it will happen soon. Probably one of the final pieces to the puzzle.
9-26-2016 Intel Guru ADMINBILL ACCORDING TO ALL SOURCES THIS SHOULD BE A GREAT WEEK. ..."TIME WILL TELL".
9-26-2016 Intel Guru Frank26 [...is the big event that is supposed to happen by November 1 something that we will be a part of...or will it only be for Iraq, as when they went international in July, but was only for them?] Have said many time IMO RI is now with RV in 2017. How can one complain on that opinion? Have also given..two reasons why these seem to have been put ahead of it's schedule.
9-26-2016 Newshound Guru Enorrste Article: "Iraq to the whitelist financially" it is clear to me that this is all do to the workings of the IMF in the background. I am actually beginning to think that the IMF may accomplish its goal which is to bring Iraq into the world market by early next year. This is something that Iraq alone could not do but we are seeing small pieces of the puzzle coming together on a more and more regular basis ever since the IMF made its promise.
9-26-2016 Newshound Guru Stryker Article of the Day!!! "Iraq expects to move to the white list financially early 2017"
9-26-2016 Newshound/Intel Guru BGG Article quote: "...he said Hafiz said the deal is going on in economic circles on the text submitted an analysis of the budget in 2017 to be taken into account fundamental issues in dispute , particularly the exchange rate of the Iraqi dinar..." they are in the middle of making some final "re-workings" on the 2017 budget... one of them sounds like some different exchange rate...which is weird... how can they "decide" what the price of oil will be - or their exchange rate... unless they already know.
9-26-2016 Newshound Guru rcookie Article: "Rise in the market value of companies in the stock market" Quote: "Mustafa al - Hashimi headed Iraq Stock Exchange to contract with one of the Arab corporate systems and programming for increased activation of the trading process through Alanturnt.ozkr weekly report of the Stock Exchange, seen by the «morning» he hoped the signing of the Convention in October next month and that the service is launching in quarter the first of the year 2017." THE ONLINE TRADING PLATFORM...THE SERVICE WILL BE LAUNCHED IN 1ST QUARTER 2017...AND THE ISX IS ALREADY REACTING IN ANTICIPATION...
9-26-2016 Intel Guru SteveI ...sit back, relax and let this darn frustrating investment come to you. Follow the money and you will see that Iraq is going to be one heck of a powerhouse in the global market.
9-26-2016 Newshound/Intel Guru BGG Article: "Rise in the market value of companies in the stock market" they are working towards opening an "online" version of the ISX... does any of this look like they are delaying ANYTHING? ...and just a quick note...several years ago - a BILLIONAIRE friend of mine told me directly - the ISX will produce more new millionaires than the currency does...when they open that up - it's ON!! Sisi let the "cat out of the bag" the other day...Egypt is going through much of the same stuff with the IMF...he plainly said "they would revalue their currency before the end of 2016"...Iraq is way ahead of them. [reference Guru mike post 9-25-2016]
9-25-2016 Intel Guru ADMINBILL YOU MIGHT BE ASKING YOURSELF TODAY..."WILL IT EVER END?". THE ANSWER IS YES. WE ARE SEEING A SLOW ROLL OUT THAT ACCOMMODATES THE NEEDS OF THE BANKERS AT THIS POINT IN TIME. IN MY OPINION, WHICH IS SHARED BY OTHERS, THE MECHANICS OF THE RV PROCESS WERE COMPLETED A WEEK OR MORE AGO. ...LET'S GET THIS DONE BEFORE MONTHS END.
9-25-2016 Intel Dr. Clarke Zebari removed...and IEX 1st Qtr. info released...ALL while Abadi out of the country...World Bank today also...Right on Schedule, Right on Time, Right Now, moving according to "Plan". Very Positive Momentum right now...Friends, it's only going to get MUCH BETTER, from here on out...There'll probably be a "small" downer thrown in over the next few days - but IGNORE IT...will pass right by & thru...As we indicated last time, this upcoming SUNDAY 25th & MONDAY 26th, are VERY VERY important. It's time to Start Smiling, and KEEP Smiling....this time.
9-25-2016 Newshound Guru mike ...in my opinion, it's not the value of the dinar that's keeping investors out of Iraq. It's the lack of banking and investment laws coupled with the crippling corruption that is Iraq. Look at it this way, the total market capitalization for the ISX is roughly $9 billion dollars. There are a bunch of folks that could literally buy every stock available on the ISX, in the big picture, $9 billion isn't a prohibitive number. So, why hasn't anyone done that, heck, they could own every business on the ISX for that amount. The answer is security, stability, laws, infrastructure and politics. When Iraq can make the environment more conducive to fair and open market policies, the investors will come, even if the dinar is still at 1182. ...historically the CBI has only talked about raising the value. However, I can remember when the dinar was 1166 to the dollar and now it's 1182, they've already reversed course on what they've previously stated. Moving from 1182 to 1400/1500-$1 isn't so farfetched to me, especially with the price of oil at $40 something a barrel.
9-25-2016 Newshound Guru mike Article: "Iraq Stock Exchange launches instructions online trading system for investors" Quote: "...he emphasized that the service will be launched in the first quarter of 2017..." [Is anyone else able to hear the can being kicked down the street another time?] I hear it loud and clear. Here's the thing, for years now anyone, who wanted, could buy Iraqi stock. The thing is, who wants to? Until the investment and banking laws are in the books and the banks are functioning like they're supposed to, no one is going in and buying up shares of Baghdad Bottling, it's just not worth the risk. There are tons of other penny stocks to buy in countries that are much more stable than Iraq, the reward just isn't enough.
9-24-2016 Intel Guru ADMINBILL THE NEWS CONTINUES TO BE POSITIVE BUT NO ACTION AS YET. FRUSTRATION IS GROWING WITH BANKERS AND OTHERS. THE NEED FOR THIS EVENT GROWS. WE WAIT FOR THE RELEASE. IT IS MY OPINION, BASED UPON THE NUMEROUS PIECES OF INFORMATION COMING IN, THAT THE RV WAS COMPLETED, THE FUNDING IS IN THE BANKS AND WE ARE SIMPLY WAITING FOR THE GREEN LIGHT FOR OUR TURN. ALL POINTS TO BEFORE THE 1ST BUT THAT IS STILL A BIG QUESTION MARK.
9-24-2016 Newshound Guru mike Article: "Nassif Abadi demanding reforms in the Central Bank" ...the IMF and WB are NOT in control in Iraq. For some reason folks thought their involvement would be the panacea for Iraq's financial woe's and this reminds us they alone aren't the solution, they need the political will of Iraq to accomplish the overall goals. Whacking Zebari demonstrated who's in control of Iraq and it isn't the US Treasury, IMF or WB. It's the Iraqi's themselves.
9-24-2016 Newshound/Intel Guru BGG ...VND, ZIM, Rial and all the other HOAXES out there...what makes Iraq (and their situation) different from all these others? how many of these countries have met with ALL THE OTHER WORLD LEADERS in the last 48 hours...how many of them had some kind of "top billing" at the recent IMF summit? how many of them met with the President of the United States? how many of them have this kind of economic future? how many of these other countries are like Iraq? NONE. Not one...VASTLY different scenarios. BTW - all of the stuff I mention about Iraq VS any other country "devaluing" has happened in the last 48 hrs!! Meetings, that's just the last couple of days - so what makes Iraq different?? EVERYTHING!!!
9-24-2016 Newshound Guru rcookie Article: "UNDP announces send anti - corruption investigators to Iraq next week" THE UN INVESTIGATORS TO FIGHT CORRUPTION ARRIVE IN IRAQ NEXT WEEK...JUST AS THE IMF ORDERED...CAN YOU SAY STABILITY.
9-24-2016 Intel Guru TD Comments from my Kurdish friend ( treat all as rumor and please do your own sound diligence ). I posted months ago to watch out for the battle of Mosul...Get ready to rumble! It's about to happen in any coming week. The Iraqi army is trained just enough and there are strategic elements of American forces quietly re entering the theatre. The Kurds are also armed and poised for the fight while Turkey will also be providing cooperation and help. As far as any news on currency reform - nothing has changed . Nothing will happen till consolidation of the country is achieved. Look maybe for news next spring for continued news of the "deletion of the zeros " program and then the LOP program will be initiated.
9-24-2016 Newshound/Intel Guru BGG it appears attacking the corrupt was one of the VITAL items on a short list that the IMF has been insisting on...It appears to me...the GOI is responding to the IMF, WB and UN - though they aren't entirely happy about it...however, if they want "international acceptance", they have little choice. They must respond...Iraq has been under some version of an "IMPOSED RATE" since when? [2003.] it's not even an accurate value - "Grossly undervalued" is the term used by learned economists...SO - it stands to reason they are going to have to appease those who "IMPOSED" this rate to start with... and THAT, my friends, is what we are seeing play out before our very eyes...those same actors that "imposed" can "unimpose" - it appears they have made this point very clear. Iraq is about IRAQ. Nothing else - AND it is the hottest topic in world finance right now. Period. With VERY GOOD REASON. Abadi's PM "brand" is HUGE right now...he's moving Iraq forward mightily...they are moving with great speed. I think the future looks very bright for Iraq.
9-23-2016 Newshound Guru rcookie Article: "Parliament determines the sixth of October as the date for the interrogation of al - Jaafari" Quote: "MP Haitham al-Jubouri, Thursday, all documents and evidence to prove "the involvement of" a large part of the "leaders" of the Ministry of Finance Bmufat marred by corruption..." MARK YOUR CALENDARS...INSERT "ANOTHER ONE BITES THE DUST" SONG HERE..
9-23-2016 Intel Guru Frank26 "Echoes of New York: World leaders praise the achievements of the Government of Abadi" A [Abadi] is Reporting and asking for Economic Reform help ... As the calendar of Iraq was Moved Up to accommodate an Article 8 position with the IMF.
9-23-2016 Newshound Guru mike Article: "Legal: withdraw confidence from Zebari does not cancel the charges against him" Zebari better get whatever documents he has to the IMF and WB, it looks like they're going to move quickly against Zebari with corruption charges.
9-23-2016 Newshound Guru Aggiedad77 Article: "Echoes of New York: World leaders praise the achievements of the Government of Abadi" ...things are being stepped up with Iraq now...what I want to see is the action that transpires upon Abadi's return from the US...hopefully before the weekend ...he has the fortitude and the necessary ability to put the best spin on things for Iraq and the world...watch for Abadi...IMO.
9-23-2016 Newshound Guru rcookie Article: "Abadi adviser: IMF expressed its readiness to open up in front of his locker Iraq" Quote: "The recent meetings in Washington DC between a number of countries and the Iraqi delegation headed by Prime Minister Haider al-Abadi, there was a very positive and promises from a number of countries and agencies for the reconstruction of Iraq..." ...FURTHER SUPPORT COMMITMENTS FROM IMF OVER AND ABOVE RECENT WB STATEMENT OF THE SAME...AND ADDITIONAL PLEDGES FROM OTHER COUNTRIES AWAY FROM UN GENERAL ASSEMBLY...THE WORLD IS IN THEIR CORNER...
9-23-2016 Intel Guru Frank26 Article: "Abadi discussed with the International Monetary director of the implementation of economic reforms and diversification of resources" This is the next meeting with Iraq and IMF...In the first week of October. BTW this 22nd until the 30th of October... They will have two more meetings... This is the first... IOO when A returns...Much will be said of much that has been done.
9-23-2016 Newshound Guru Aggiedad77 Article: "Echoes of New York: World leaders praise the achievements of the Government of Abadi" ...I believe...Abadi would be reaching out to the IMF...the US...and the World Bank for support of their Economic Reforms...they would be sitting down with the international world asking for their support as well...Indeed this is what we see rolling out of this trek to the US...these exact things...Let's be extra watchful for what happens upon Abadi's return to his homeland of Iraq...IMO...it could be very exciting and good...maybe even gooder for all who have a stake in this blessing...no date...no rate here of course.
9-23-2016 Newshound Guru My Ladies ...I WANT TO ADDRESS SOME MORE CONFUSION THAT IS OUT THERE...PLEASE EVERYONE STOP TALKING ABOUT THIS STOCK EXCHANGE IN THE WRONG CONTEXT. THIS IEX IS NOTHING MORE THAN ANOTHER SEC APPROVED STOCK EXCHANGE. THEY ARE ONLY LICENSED TO TRADE UNITED STATES SECURITIES NOT CURRENCIES... ASK THEM IF THEY TRADE CURRENCIES OR WILL EVER LIST CURRENCIES OR FOREIGN SECURITIES. THEY WILL TELL YOU NO NO NO...THEY ARE NOT LICENSED FOR SUCH A THING AND THE FOREX TRADES 4-5 TRILLION DOLLARS IN CURRENCIES A DAY SO WHY ON EARTH WOULD A RETAIL DEALER WANT TO TRADE CURRENCIES ON ANOTHER PLATFORM? THEY WOULD NOT WANT TO.
9-23-2016 Intel Guru ADMINBILL The news from yesterday was positive to be sure. The majority of us expect to see an end on or before September 30th.
9-23-2016 Intel Guru Bruce ...remember the G20 meeting couple of weeks ago? Many signed on, 30 different treaties. The Paris agreement. The climate change, RV and GCR were in that agreement and all signed off on it. ...Iraq...They were told to go ahead and revalue their dinar immediately. They were given full sovereignty; all sanctions lifted, and told to revalue their dinar... bring their dinar as an International currency rate up. We also heard after Abadi went home, they did a small press conference yesterday. Iraq is ready to go from all the information we have from their perspective. In the large scheme of things this is a worldwide event. All these countries will be changed with the first basket. Rates are ready, redemption centers are ready to go, and banks are ready. We are ready to go. Rates are quite good. I think things are still moving along at a good pace. I can see this coming to an end.
9-22-2016 Intel Guru SteveI You get Mosul completely done, move the army to the border, and then finally great times ahead for all.
9-22-2016 Newshound Guru rcookie ...SAW PARLIAMENTS AGENDA FOR TOMORROW [THURSDAY]...1ST ITEM ON AGENDA...1ST READING FINANCIAL MANAGEMENT LAW...RIGHT FROM THE IMF LETTER OF INTENT/MEFP/TMU. BOULYAAAAAAAAAAAAAAAH!!!
9-22-2016 Newshound Guru firefly Nobody seems to be talking about the UN meeting...With Abadi and Iraq. Big is putting it mildly. All I will say is it coincides with the previous G20 meeting in China. Also .... Zebari is going NOWHERE!
9-22-2016 Intel Guru Dr. Clarke lots & lots happening, friends...and quickly...and it's closed today (ISX Thursday). Our eyes are particularly focused on this Sunday - Monday and through to next Saturday. Crunch time...ALL meetings have gone well...so far.
9-22-2016 Newshound Guru mike Article: "House of Representatives withdraw confidence from the Minister of Finance and vote on bills" I'm a little surprised this passed through Parliament, the Kurd's are not going to be happy having Zebari removed. In the middle of an offensive against Mosul, they let go of the Defense Minister, now while they're preparing the budget for 2017, they let go of the Finance Minister. To round it up, Iraq doesn't have an Interior, Defense or Finance Minister in the GOI, who's next, Abadi?
9-21-2016 Newshound Guru rcookie Article quote: "Hussain urged the government to sign more agreements air with other countries, especially that Iraq is on the verge of commercial traffic and open its market to foreign capital..." IRAQ ON VERGE OF COMMERCIAL TRAFFIC AND OPEN ITS MARKET TO FOREIGN CAPITAL... BOULYAAAAAAAAAAAH!!!
9-22-2016 Newshound Guru Shredd So, in summary, the "paying" for your exchange is passed on and the only entity that would ultimately lose money out of pocket per se would be the investor who was holding the dinar at the time if it would crash in value. This general rule applies in all levels of investment -- buying low and selling high. We just get the benefit of the biggest jump in the difference of the two! To that point, I personally plan on initially exchanging a certain percentage of my dinar and holding on to the remaining with the hopes of an even greater gain further down the road. [post 3 of 3]
9-22-2016 Newshound Guru Shredd As far as who "pays" for the increase, we can't look at currency exchange as a finite transaction, a "one-and-done" if you will. Rather, it's an ongoing transaction...
1. You bought the dinar at a low rate (this is the part of investment where the investor makes their money....on the low buy)
2. The value grows (this is driven by the market and no transaction happens in this step)
3. You sell your dinar (you get the gain and the exchanging bank deposits the USD in your account after verifying)
4. The exchanging bank exchanges the dinar with the dealer (thus balancing their "paying" for the initial exchange)
5. The dealer resells the dinar at the current rate (thus balancing their "paying" for the exchange bank's exchange)
6. The new buyer of the dinar ultimately "paid" for your initial exchange but they also hold the dinar at the new value and can exchange it again as the rate increases. Once they do, they balance what they "paid" for their purchase plus gained a bit since they chose to trade...and on and on it goes from here. [post 2 of 3....stay tuned]
9-22-2016 Newshound Guru Shredd [Who pays for the delta/increase between the current rate and the increased rate we hope to receive?] When you exchange your dinar for USD, the bank will verify the authenticity of the currency (either internally or with a vendor) and once the transaction is complete, the bank DOES NOT hold onto it but rather will exchange it again to USD with a foreign exchange dealer in what is referred to as the interbank market. The bank will set the rate based on the market and demand and will of course take their cut (spread). The foreign exchange market works through financial institutions, and it operates on several levels with few insurance companies and other kinds of financial firms are involved. Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, forex has little (if any) supervisory entity regulating its actions. If you sell your dinar back to the broker you purchased it from, they will exchange with a large bank and the above process takes place the same. [post 1 of 3....stay tuned]
9-22-2016 Newshound Guru My Ladies UNDERSTAND THAT IRAQ IS DOING NOTHING SPECIAL, IT IS NOT A WHITE ELEPHANT OR YELLOW UNICORN IT IS SIMPLY JUST ANOTHER EMERGING MARKET AND AS SUCH IT WILL NEED TO REACT AS ALL OTHER MARKETS DO AND THAT WILL BE TO TRADE INTERNATIONALLY. I CAN NOT SPEAK TO RATE AND NO ONE CAN…AND JUST BY READING HOW ALL THE OTHER COUNTRIES DROPPED THEIR ZEROS AND DEALT WITH REVALUATIONS I’M SURE IRAQ WILL FOLLOW SUIT. ...SIT TIGHT... THE LONG WAIT IS ALMOST OVER AND FOR ALL INTENTS AND PURPOSES THE CLOCK TO THE NEW SYSTEM STARTED IN DECEMBER OF 2015 WHEN THE CODE OF REFORMS WAS FINALLY ACTIVATED AND ALL EMERGING MARKETS HAVE BEEN FAST TRACKING SINCE THEN. I HAVE MUCH MORE TO SHARE WITH YOU...FOR NOW DIGEST ALL THAT I GAVE YOU... SMILE AND CALM DOWN. IT IS ALL GOOD. [post 4 of 4]
9-22-2016 Newshound Guru My Ladies ...PLEASE STOP WRITING AND SAYING...IRAQ HAS A WORTHLESS CURRENCY. THE CURRENCY IS ONLY WORTHLESS WHEN COMPARED TO THE DOLLAR. BUT SINCE THE DINAR DOES NOT CROSS BORDERS WHEN YOU SEE IRAQ BUYING THIS OR PAYING THAT THEY ARE DOING IT WITH USD. THE QI CARDS THAT YOU ALL TALK ABOUT PLEASE STOP SAYING THE CARDS ARE LOADED WITH 3$ OR 5$ BECAUSE THAT IS NOT POSSIBLE BECAUSE THE QI CARDS ARE DOMESTIC TO IRAQ! WHY ON EARTH WOULD THEY HAVE A FOREIGN EXCHANGE RATE INSIDE THEIR BORDERS? FOREIGN EXCHANGE RATES ONLY APPLY WHEN YOU CROSS BORDERS. [post 3 of 4....stay tuned]
9-22-2016 Newshound Guru My Ladies POLICY AND LAWS ARE IMPORTANT FOR THE SUSTAINABLE IRAQ, THAT’S A FACT...WHAT IS MORE IMPORTANT IS THE CONNECTION IRAQ CAN MAKE TO THE EXTERNAL FINANCIAL HUB. NOW DOES IT MATTER IF THE DINAR IS ELECTRONIC OR IN PAPER FORM? NO NOT AT ALL, BECAUSE ALL TRANSACTIONS ARE SETTLED DIGITALLY. NO ONE IS CHARGED WITH THE JOB OF MOVING CURRENCY FROM COUNTRY TO COUNTRY IN A WHEEL BARROW IT IS ALL DONE ELECTRONICALLY. WHEN IRAQ TALKS ABOUT THE E-DINAR THEY ARE TALKING ABOUT MAKING A CONNECTION TO THE EXTERNAL HUB. ...THE DINAR WILL TRADE...IT IS A FACT AND IS NECESSARY ACCORDING TO THE 2010 REFORMS, AS AN EMERGING MARKET THERE IS A PLACE FOR IRAQ ALONG WITH EVERYONE ELSE. THE WORLD DOES NOT NEED THE DINAR FOR ANYTHING BECAUSE THAT IS JUST HOW THE WORLD WORKS. THE DINAR WILL NOT BE THE SAVING GRACE FOR THE PLANET... [post 2 of 4....stay tuned]
9-22-2016 Newshound Guru My Ladies ...IF YOU GET RID OF THE NOISE AND READ THE FACTS YOU WILL SEE THAT WHAT IRAQ IS DOING IS NO DIFFERENT THAN WHAT ALL OTHER EMERGING MARKETS ARE DOING. MANY FOLKS IN THE COMMUNITY ARE JUST HYPER FOCUSED ON IRAQ AND THE STUDY OF THAT COUNTRY WHICH HAS LED TO ALL SORTS OF STORIES ABOUT WHAT NEEDS TO HAPPEN FIRST LIKE IS IT THIS LAW OR THAT LAW? IS IT THE RETAKING OF MOSUL? IS IT THE LYNCHING OF MALIKI? IS IT THE RETURNING OF SHABBIBI? WELL GOOD NEWS FOR ALL OF US NONE OF THIS MATTERS IN THE BIG PICTURE. [post 1 of 4....stay tuned]
9-21-2016 Intel Guru Dr. Clarke This is EXACTLY what we were hoping to see today, the 21st, as we've been talking about Sept. 21 now for past 3 weeks, as a Key important date...and SEE immediately on the other side...Zebari removed...and IEX 1st Qtr. info released...ALL while Abadi out of the country...hmmmmm....World Bank today also, huh?...same day? Right on Schedule, Right on Time, Right Now, moving according to "Plan". Very Positive Momentum right now. Friends, it's only going to get MUCH BETTER, from here on out...There'll probably be a "small" downer thrown in over the next few days - but IGNORE IT...will pass right by & thru...As we indicated last time, this upcoming SUNDAY 25th & MONDAY 26th, are VERY VERY important. Please find that SMILE that's been hiding in Doubt, for Oh, such a very long time...at least find a small one, even to yourself, that nobody else sees...It's time to Start Smiling, and KEEP Smiling...this time.
9-21-2016 Newshound Guru mike Article: "Parliamentary Finance demanding the central bank to intervene "urgently" to reduce the dollar exchange rate" Here's hoping there's enough reserves to get the MCP below 2% for 90 days. The only way to get the street rate down is to satisfy the demand for dollars or unpeg and let the dinar drop to 1400-1 again. ...Iraq has to demonstrate they have control over their currency and provide monetary stability to potential investors and right now, they don't have control over the dinar.
9-21-2016 Newshound Guru Shredd Article: "Iraq Stock Exchange launches instructions online trading system for investors" Quote: "...the market identified instructed disclosures required of brokerage firms, which contain procedures to disclose the risks associated with an investment models dealing with investors (Know Your Customer KYC), and commissions that Satkadaha mediator, as well as the requirements are carried out by investors to agree to their trading via the Internet..." this is a very good article and yet another reminder of the progress Iraq has and is making. Investors vetted via KYC and having access to easily trade electronically are huge foundational necessities for both public and private investment.
9-21-2016 Intel Guru Frank26 Here’s another little thing for you...even when the value goes from an RI into an RV...yes the dinar will be a dinar inside the country...but it is going to explode in our hands...supply and demand... internationally…
9-21-2016 Newshound Guru Adam Montana No alert flags. I see good things happening for the IQD right now, I'm actually on a "medium" alert at this time...
9-21-2016 Intel Guru Delta URGENT FROM IRAQI TV: ISX WILL LAUNCH ON LINE TRADING SYSTEM FOR INVESTORS IN THE FIRST QUARTER OF 2017.
9-21-2016 Newshound/Intel Guru BGG Articles: "Parliament dismisses Hoshyar Zebari" "Jubouri: We will respect the Federal Court 's decision on answers Zebari" Quote: "House of Representatives voted to dismiss Finance Minister Hoshyar Zebari on the background of corruption charges" Parliament dismisses Hoshyar Zebari...Which is - (all of their pursuit of corruption) - one of the key points the IMF has made to them... they HAVE TO DEAL with it...they are doing exactly what the IMF has advised them they must do... Quote: "...the first phase of the standby credit agreement with the international Monetary Fund included several reform requirements of the Iraqi economy, and performance standards, and financial management reform..." ...they are responding to their IMF supervision.
9-21-2016 Intel Guru Frank26 I believe IMO Abadi is giving Obama a full report right now...not on Mosul... because that is over with...not on terrorism because that is pretty controlled...but on corruption that was destroying and delaying the Monetary and Economic Reforms that the IMF demanded be done before November. This past week the market got out of hand...those that know how to steal and make money are making their last gasp...it is 1166 that is the exchange rate...but the street rate got all the way up to 1300...the CBI was getting hammered by the market...and the next thing you know..."The IMF is Telling You to Reduce the Dollar Exchange Rate”...intervene urgently...adjust the exchange rate...this is continual pressure... I got a feeling that Iraq is going to raise the value of their currency IMO...and I have a feeling the CBI is ready and poised...because they have been escorted by not only the IMF, UST, WB, BIS...but by us...the USA...to be in position to raise the value of their currency...they are right now to be in a perfect situation...
9-21-2016 Newshound Guru mike Article: "IraqÂ?s Shrinking Revenues, the I.M.F. and the Oil Dilemma " Quote: "The suggested reform program is very ambitious. It aims, according to the I.M.F., to bring spending in line with lower global oil prices..." ...when I read articles like this the IMF is doing exactly what they should be doing. They're insuring that the only real business model in Iraq stays afloat and the IOC's get paid, otherwise, these folks will pull up stakes and then Iraq really will be in a jam because without oil, there's very little else generating revenue. The numbers are staggering, Maliki and company brokered these deals when the price was $100 a barrel, now that it's dropped to below $50, To keep payments at that rate when the oil price hit $30/barrel (or bbl), Iraq had to allocate more than three times that volume. This is more than 50 percent of its total oil exports that represent close to 90 percent of its budgeted revenues. Iraq had less oil to export and at a lower price, generating less and less revenues. The model is unsustainable, something has to change quickly.
9-21-2016 Intel Guru Bruce I believe everything is in the Gazette couple of days ago and visible. Bank reforms, new laws are all in the Gazette, published and online both. Iraq is done. Everything is a go from Iraq’s perspective. Everything is very positive. That part is good. They got their sovereignty, part of the World Counsel and were told to revalue their currency to make the rate availability immediately... We understand the CBI is connected to the IEX and the minute they put a new rate on it, it will be seen immediately on the system. My understanding was the IEX was to replace Forex. The final access codes are to be entered. The rates are very good to our knowledge. They may have gone slightly up. What we know, it is going to be fantastic guys. Pretty much we are looking for a sort of any time now scenario. [post 2 of 2] [Review Guru My Ladies post from 9-19-2016 below to see a different perspective on IEX]
9-21-2016 Intel Guru Bruce When the G20 meeting took place and Paris agreement was ratified by all parties...it included the RV and GCR. It was a done deal at that time, it was agreed upon. What has happened at the UN was very positive in terms of Iraq. Abadi did meet with Obama yesterday...The result will be positive for us. Iraq has received complete sovereignty finally. All their sanctions were removed. They are the 209th nation admitted into the World Counsel of the UN. The second thing they were instructed at the UN was to go ahead to revalue the Iraqi dinar immediately. What does immediately mean? Whatever immediately means, we are going to take as very good news. The understanding is they think Abadi has to return to Iraq. That meeting was going to finish around 9est time tonight [Tuesday]. Then the possibility he has to head back and make announcement in country. [post 1 of 2....stay tuned]
9-20-2016 Intel Guru Frank26 ...there are about 21 provinces in Iraq...and they are preparing themselves to take care of the citizens of Iraq...I like this a lot...this is a very...very big step...because the citizens IMO were left for the very last part of their reforms...Monetary and Economic Reforms... IMO...you saw a lot of evidence this week that went by...the displaced citizens are being brought back...
9-20-2016 Newshound Guru rcookie Article: "Iraqi judiciary: general amnesty law implemented from the date of approval" Quote: "A spokesman for the federal judiciary Judge Abdul Sattar Bayrakdar said the amnesty law provided for the implementation of pre-publication in the Official Gazette."
9-20-2016 Intel Guru Dr. Clarke IGNORE all the information on “Note Counts”, with ANY Country. It’s SIMPLE. Everyone wants the same thing: FIRST, Iraq to make their Dinar currency, Officially, Publicly International in status, so that it can be traded, used & exchanged around the world, at your local bank. SECOND, for Iraq to increase the value, higher than the program rate range of 1166-1300, where it’s been for years. For Vietnam Dong, it’s even simpler, because they already have an Internationally traded currency, that can ALREADY be traded & exchanged at just about any bank, around the world...THEY just have to increase their rate, from the range of 22,200-22,500, where it’s also been for years.
9-20-2016 Intel Guru ADMINBILL I HAVE BEEN TOLD TO BE PATIENT. IT IS COMING SOON. SO I AM BEING PATIENT.
9-20-2016 Newshound Guru mike Article: "The World Bank does not want to dismiss Zebari and considers it contrary to "loan agreement" Quote: "The World Bank sent a signal to the government and parliament has custody of the dismissal of the Minister of Finance," pointing out that "the sacking Zebari, contrary to what was agreed upon with Iraq in obtaining international loans." [The world bank knows that Zebari is being persecuted for being a whistle blower against Maliki and his cronies.] Ditto... This is another witch hunt by the Reform Front, they're doing everything they can to destablilize Abadi's government from the inside out.
9-20-2016 Newshound Guru rcookie Article: "Parliament will reconvene tomorrow to vote on the withdrawal of confidence from Zebari or not" ...TOMORROWS AGENDA...APPROVE AND DISCUSS A NUMBER OF THE DRAFT LAWS...AS WELL AS VOTE ON THE WITHDRAWL OF CONFIDENCE FROM ZEBARI.
9-20-2016 Intel/Newshound Guru Backdoc Article quote: "...the Ministry of Planning in cooperation with the ministries of commerce and communication to the application of the electronic card system, as an alternative to paper in the delivery of the ration card items to citizens." EXCELLENT ARTICLE...! AGAIN WE HAVE MORE CONFIRMATION OF THE DIGITAL E-DINAR. AS THEY STATE HERE...THEY WANT TO USE THE PAYMENT CARD WHICH WILL DECREASE THE NEED FOR CASH! THIS WILL ALLOW IRAQ TO KEEP THE NEED FOR CASH TO A MINIMUM AND THEY SHOULD BE ABLE TO KEEP PULLING IN PAPER TO REDUCE THEIR NOTE COUNT EVEN FURTHER!
9-20-2016 Newshound Guru My Ladies I FEEL THAT YOU ALL DESERVE THE ABSOLUTE FACTS, WHAT YOU CHOOSE TO DO WITH THEM IS YOUR OWN BUSINESS I JUST WANT YOU TO HAVE THEM. I HAVE BEEN READING MORE AND MORE TALK OF WELLS FARGO AND ABBOTT DOWNING AND I AM JUST GOING TO SAY THIS I SPOKE WITH WELLS FARGO MAIN LEGAL COUNCIL AND...THEY WERE ALSO SURPRISED TO HEAR THAT THEY WERE THE TOPIC OF CONVERSATIONS IN DINAR ROOMS AND THEY WERE VERY SURE TO TELL ME THAT WELLS FARGO HAS NOTHING TO DO WITH ANYTHING AND IS NOT THE LEAD BANK FOR ANYTHING. SO THE NEXT THING I DID WAS CALL THEIR EAST COAST LAW FIRM AND THAT ATTORNEY TOLD ME THE SAME THING... [post 3 of 3]
9-20-2016 Newshound Guru My Ladies THE NEXT FACT I WANT TO TALK TO YOU ABOUT IS CIPS AND AGAIN THIS IS NOT MY OPINION THIS IS A FACT. CIPS WILL NOT FACILITATE FUNDS TRANSFER RATHER IT SENDS PAYMENT ORDERS WHICH NEED TO BE SETTLED BY CORRESPONDENT ACCOUNTS. AND CIPS WENT LIVE IN OCTOBER OF 2015 AND ON MARCH 25 OF 2016 CHINA SIGNED A MEMORANDUM OF UNDERSTANDING WITH SWIFT AND WAS ALLOWED TO CONNECT. ...WHY ARE YOU WAITING ON CIPS WHEN THEY ARE ALREADY OPERATIONAL AND WHY OR BETTER YET HOW ON EARTH WOULD CIPS OVERTHROW THE SWIFT SYSTEM WHEN THEY ARE ABOUT THE SAME TO EACH OTHER AS APPLES AND ORANGES? ...NEITHER SWIFT NOR CIPS HAS ANYTHING TO DO WITH THE IRAQI DINAR. [post 2 of 3....stay tuned]
9-20-2016 Newshound Guru My Ladies ...I WANT TO BRING YOU NOT OPINION BUT FACT...I WANT YOU TO LOOK AT SWIFT AND KNOW WHAT IT IS. I HAVE BEEN SEEING THIS COMPANY MISUSED...AND I WANT YOU TO HAVE ALL THE FACTS PLEASE. SWIFT IS A MESSAGING PROVIDER THEY DO NOT AND HAVE NOT AND WILL NOT EVER EVER EVER CLEAR OR SETTLE ANY FUNDS. SO WHAT DOES THAT MEAN? IT MEANS THEY HAVE NOTHING TO DO WITH ACTUAL MONEY MOVING OR SETTLING OTHER THAN TO SEND THE MESSAGE OF YES THE FUNDS ARE HERE OR THE FUNDS ARE THERE OR THE FUNDS ARE READY AND SO FORTH. BUT THEY NEVER RECEIVE THE FUNDS. THEY ARE A PRIVATE MESSAGING COMPANY AND THERE IS A HEFTY FEE TO BECOME A MEMBER... [post 1 of 3....stay tuned]
9-19-2016 Newshound Guru Islandg1211 Last month's agreement on Kirkuk was a requirement for the Article 140, and the HCL. But, Mosul's oil, and an agreement and/or census of the population in the regions have to be determined before the implementation of the HCL. So we watch as two significant events unfold: the liberation of Mosul resulting in security for Iraq, and China joining the IMF's SDR basket. Remember, Shabibi's and Allak's statements that they will RV when the conditions are right, when there is "stability and security." Security is in sight within the next few months. Stability is a never ending resistance within the GOI... I've always thought that the RV would happen end of April, June or September, based on quarterly accounting and historical RVs. [post 2 of 2]
9-19-2016 Newshound Guru Islandg1211 Today's HCL article is of interest IMO because Abadi is pointing out that there does not need to be a new HCL law, but just AMENDING the old law. Good point Abadi, it will take less time to get it done and implemented. The TIMING of Abadi's statement today, (as he kicks off his meetings with Obama and the UN), to me, is also of importance when looked in conjunction with today's article referencing the U.S./Iraq/Kurd meeting finalizing the agreement with Barzani on Mosul. IMO, that meeting didn't just cover the military plan for invasion of Mosul, but included post-Mosul plan - meaning the plan for Mosul's oil share for the Kurds. That's just my opinion, time will tell what the agreement is. There can be no HCL, IMO, without an oil agreement with the Kurds over Mosul. [post 1of 2....stay tuned]
9-19-2016 Newshound Guru My Ladies THE GCR IS NOT THE TOSS OF A SWITCH BUT A LONG PROCESS AND WE HAVE STUDIED AND CAN NAME TO DATE 53 COUNTRIES THAT HAVE RESET THEIR CURRENCY TO REALITY SO FAR. IRAQ WILL FOLLOW EVERYONE ELSE...WHAT WILL IT RESET TO? I DO NOT KNOW AND NO ONE DOES. IS THERE AN IN COUNTRY AND OUT OF COUNTRY RATE? NO NOT AT ALL THAT IS NOT POSSIBLE EVER EVER EVER, WHERE THE CONFUSION COMES IN IS THAT IRAQ AND MANY COUNTRIES HAVE 2 RATES THERE IS THE OFFICIAL RATE THAT WE SEE ON THE CBI WEBSITE AND THERE IS A RATE ON THE PARALLEL MARKET... I WANT YOU ALL TO KEEP THE FAITH BUT LET GO OF THE...THINGS THAT DO NOT MAKE SENSE. I ASSURE YOU THERE ARE NO SECRET SOURCES ANYWHERE THAT ARE VALID. IRAQ WILL FOLLOW THE REST OF THE GLOBE IT HAS LITTLE CHOICE. HOW MUCH LONGER I’M NOT SURE BUT I AM SURE IT WILL FOLLOW EVERY OTHER COUNTRY. HANG IN THERE A BIT LONGER. [post 3 of 3] [more to come...]
9-19-2016 Newshound Guru My Ladies I BELIEVE AND ALWAYS HAVE IN LOGICAL MATH AND BANKING AND THE WAYS OF THE GLOBAL FINANCIAL SYSTEM. NOW LOOK IRAQ IS NOT IN A VACUUM OK? THEY NEED TO FOLLOW THE SAME LAWS AND PROCEDURES AS THE REST OF THE GLOBE. IF THEY EVER HOPE TO DO BILATERAL TRADES IN THEIR OWN CURRENCY THEY WILL NEED TO CREATE A DEMAND AND A TRUST FOR THEIR OWN CURRENCY. RIGHT NOW IRAQ IS WORKING VERY HARD AND QUICK TO PLUG INTO THE REST OF THE GLOBE. THEY ARE WORKING TO GET THEIR SYSTEMS CONNECTED AND THE CONFIDENCE THAT IS NEEDED TO CREATE A DEMAND FOR THE DINAR. [post 2 of 3....stay tuned]
9-19-2016 Newshound Guru My Ladies WE NEED TO WAIT ON IRAQ TO BE FREELY TRADING AND ON FOREX IN A BID/ASK CAPACITY, NOT A BUY/SELL WHICH IS WHAT IT IS ON THE CBI SITE NOW. IN MY OPINION THAT MIGHT NOT BE TOO MUCH LONGER OF A WAIT. I WANT TO TALK ABOUT THE IEX... I SPOKE WITH Sxxx OVER THERE TODAY...THE IEX HAS BEEN TRADING SINCE OCTOBER 25TH OF 2013. HE TOLD ME THAT THE IEX HAS NOTHING WHAT SO EVER TO DO WITH CURRENCY, DOES NOT TRADE CURRENCY AND ONLY TRADES U.S. SECURITIES. HE WAS ALSO SORT OF SURPRISED TO HEAR THAT THE COMPANY WAS BEING WRITTEN ABOUT IN SUCH A MISDIRECTED WAY. THIS IS NOT MY OPINION THIS IS A FACT THAT IEX HAS NOTHING AT ALL TO DO WITH THE IRAQI DINAR NOW AND NEVER WILL. THEIR LICENSE WITH THE SEC RECOGNIZES THEM AS OF A JULY 17 2016 AS AN OFFICIAL STOCK EXCHANGE AND THAT IS HOW THEY CONDUCT THEMSELVES. ANYTHING ELSE OR CURRENCY SPECULATING WOULD BE A DIRECT VIOLATION OF THEIR LICENSE. FOLLOW THE FACTS AND CONTINUE TO LOOK TO FOREX WHICH IS A 5 TRILLION DOLLAR A DAY PLATFORM. WHEN THE DINAR PLUGS IN AND TRADES INTERNATIONALLY YOU WILL SEE IT THERE. [post 1 of 3....stay tuned]
9-19-2016 Intel Guru Dr. Clarke [...you talked about and were positive the RV would happen the last week in September with the pay-out first week in Oct. I sense you are backing tracking in this recent post and your mention of looking at Summer of 2017. What gives?] We’ve never said it would occur in 2017. THEY DID...it could go into October, November, December and even 2017……maybe 2018, 2019. But, we JUST DON’T THINK SO, AT ALL…..we’ve been saying the last week of SEPTEMBER - 1ST week of OCTOBER exchange, since January of this year, FOR A REASON. ...we think there will be much more clarity soon, in the popular & familiar words of Iraq: “In the Coming Days”. These things are NEVER broadcasted ahead of time, friends...You have a BIG advantage, and are ahead of the game, just by being here on this site, and soaking up all the information...ALL OF IT. You have a Front Row Seat.
9-19-2016 Intel Guru ADMINBILL ONCE AGAIN MONDAY MORNING FINDS THE SS DINAR BECALMED AT SEA. BUT, NOT TO WORRY, THERE ARE HIGH WINDS AND FOLLOWING SEAS IN THE FORECAST AS YOU SAIL TO YOUR DESTINATION. YOUR AROUND THE WORLD CRUISE HAS TAKEN FAR LONGER THAN IMAGINED DUE TO UNSCHEDULED PORT VISITS AND BREAKDOWNS AT SEA BUT IT APPEARS YOUR BOAT IS FULLY SEAWORTHY AND SET TO END YOUR LONG CRUISE AT LAST... PROVIDED THE WEATHER CONTINUES TO HOLD.
9-19-2016 Newshound Guru rcookie Article: "Abadi will meet on the sidelines of the General Assembly meetings of Obama and a number of prominent leaders and the heads of the world" Quote: "...the prime minister left for New York City to attend the annual meetings of the General Assembly of the United Nations, pointing out that Iraq Abadi, will deliver a speech during the meetings of the General Assembly..."
9-19-2016 Newshound/Intel Guru BGG [I believe they need to tweak the Investment Law still...any thoughts on that and any other pertinent things they need to get done?] I think they are close on that... I doubt the HCL is all that important... the reason Maliki keeps bringing it up - he feels like, if he can make it a leading issue, it is divissive enough to keep everyone arguing for years. He would be "safe in the chaos" for a long time. Not gonna' happen.
9-19-2016 Intel/Newshound Guru Backdoc REMEMBER, IRAN SAID, THEIR FOREX VALUE WOULD MEET ITS REALITY VALUE IN OCTOBER SO WE ARE EXTREMELY, EXTREMELY CLOSE. ITS SHIA BROTHER [IRAQ] WILL LEAD THE WAY. THE REALITY VALUE WILL BE DIGITAL ON THE IEX. I'M SURE DR. S [SHABIBI] HAS HIS TRIGGER MAN PRACTICING FOR THE GLOBAL RELEASE BUTTON! THIS IS REALLY GETTING TO THE EXCITING PART OF THIS REALITY. [post 2 of 2]
9-19-2016 Intel/Newshound Guru Backdoc IT APPEARS THAT THE BUDGET WAS LAUNCHED ON THE 8TH AS ALL IMPORTANT THINGS ARE. ALTHOUGH ACTION NEEDS TO BE TAKEN IN 10 DAYS, IRAQ HAS DONE ALL THEY CAN DO UNTIL PERMISSION IS GRANTED BY THE U.S.T.! ABADI WILL GET THAT MONDAY. I'M VERY OPTIMISTIC THAT BY FRIDAY WE WILL SEE SOMETHING SPECIAL ON THE IEX, IF IT IS ALLOWED TO TRADE. DON'T LOOK FOR THIS ON THE FOREX, IT WILL BE ON THE IEX. SO UNTIL THE IEX TRADES, I BELIEVE WE ALL WAIT. [post 1 of 2....stay tuned]
9-19-2016 Intel Guru Bluwolf Ok folks, nothing has changed, all seems to be intact and that is good....both the GCR and RV'S are on a specific timer (it has a day and a time). So we still need to wait till this timer runs out...
9-19-2016 Newshound/Intel Guru BGG [ i been seeing the word exchange rate in alot of articles recently, if that has anything to do with anything gearing up for something?] Long story short...it is OBVIOUSLY on their minds. TOTALLY AGREED!! SOMETHING IS UP!!
9-19-2016 Intel Guru Dr. Clarke It is our belief and opinion, that the Iraq Dinar and the Vietnam Dong, will both, significantly increase their “in-country” rate and their “out-country” exchange rates, relatively close in time, to one another, with a very high probability of happening at the exact, same time. ...VN’s been ready for quite some time & wanted to move, but advised to “sit a little longer”...Iraq has (behind the scenes & quietly) moved quickly on a few things, and ISIS (Security) is where they want it (and a few other things), Iraq can move - and with VN, as well. This next 8 DAYS is what we’ve been looking at ALL YEAR, according to “Plan”, SINCE JANUARY...If something snags this week, we’ll know it by OCT. 1...but until then, everything is set to move. Our eyes are fixed squarely on the last week of SEPTEMBER...
9-19-2016 Newshound Guru Islandg1211 Last month's agreement on Kirkuk was a requirement for the Article 140, and the HCL. But, Mosul's oil, and an agreement and/or census of the population in the regions have to be determined before the implementation of the HCL. So we watch as two significant events unfold: the liberation of Mosul resulting in security for Iraq, and China joining the IMF's SDR basket. Remember, Shabibi's and Allak's statements that they will RV when the conditions are right, when there is "stability and security." Security is in sight within the next few months. Stability is a never ending resistance within the GOI... I've always thought that the RV would happen end of April, June or September, based on quarterly accounting and historical RVs. [post 2 of 2]
9-19-2016 Newshound Guru Islandg1211 Today's HCL article is of interest IMO because Abadi is pointing out that there does not need to be a new HCL law, but just AMENDING the old law. Good point Abadi, it will take less time to get it done and implemented. The TIMING of Abadi's statement today, (as he kicks off his meetings with Obama and the UN), to me, is also of importance when looked in conjunction with today's article referencing the U.S./Iraq/Kurd meeting finalizing the agreement with Barzani on Mosul. IMO, that meeting didn't just cover the military plan for invasion of Mosul, but included post-Mosul plan - meaning the plan for Mosul's oil share for the Kurds. That's just my opinion, time will tell what the agreement is. There can be no HCL, IMO, without an oil agreement with the Kurds over Mosul. [post 1of 2....stay tuned]
9-19-2016 Newshound Guru My Ladies THE GCR IS NOT THE TOSS OF A SWITCH BUT A LONG PROCESS AND WE HAVE STUDIED AND CAN NAME TO DATE 53 COUNTRIES THAT HAVE RESET THEIR CURRENCY TO REALITY SO FAR. IRAQ WILL FOLLOW EVERYONE ELSE...WHAT WILL IT RESET TO? I DO NOT KNOW AND NO ONE DOES. IS THERE AN IN COUNTRY AND OUT OF COUNTRY RATE? NO NOT AT ALL THAT IS NOT POSSIBLE EVER EVER EVER, WHERE THE CONFUSION COMES IN IS THAT IRAQ AND MANY COUNTRIES HAVE 2 RATES THERE IS THE OFFICIAL RATE THAT WE SEE ON THE CBI WEBSITE AND THERE IS A RATE ON THE PARALLEL MARKET... I WANT YOU ALL TO KEEP THE FAITH BUT LET GO OF THE...THINGS THAT DO NOT MAKE SENSE. I ASSURE YOU THERE ARE NO SECRET SOURCES ANYWHERE THAT ARE VALID. IRAQ WILL FOLLOW THE REST OF THE GLOBE IT HAS LITTLE CHOICE. HOW MUCH LONGER I’M NOT SURE BUT I AM SURE IT WILL FOLLOW EVERY OTHER COUNTRY. HANG IN THERE A BIT LONGER. [post 3 of 3] [more to come...]
9-19-2016 Newshound Guru My Ladies I BELIEVE AND ALWAYS HAVE IN LOGICAL MATH AND BANKING AND THE WAYS OF THE GLOBAL FINANCIAL SYSTEM. NOW LOOK IRAQ IS NOT IN A VACUUM OK? THEY NEED TO FOLLOW THE SAME LAWS AND PROCEDURES AS THE REST OF THE GLOBE. IF THEY EVER HOPE TO DO BILATERAL TRADES IN THEIR OWN CURRENCY THEY WILL NEED TO CREATE A DEMAND AND A TRUST FOR THEIR OWN CURRENCY. RIGHT NOW IRAQ IS WORKING VERY HARD AND QUICK TO PLUG INTO THE REST OF THE GLOBE. THEY ARE WORKING TO GET THEIR SYSTEMS CONNECTED AND THE CONFIDENCE THAT IS NEEDED TO CREATE A DEMAND FOR THE DINAR. [post 2 of 3....stay tuned]
9-19-2016 Newshound Guru My Ladies WE NEED TO WAIT ON IRAQ TO BE FREELY TRADING AND ON FOREX IN A BID/ASK CAPACITY, NOT A BUY/SELL WHICH IS WHAT IT IS ON THE CBI SITE NOW. IN MY OPINION THAT MIGHT NOT BE TOO MUCH LONGER OF A WAIT. I WANT TO TALK ABOUT THE IEX... I SPOKE WITH Sxxx OVER THERE TODAY...THE IEX HAS BEEN TRADING SINCE OCTOBER 25TH OF 2013. HE TOLD ME THAT THE IEX HAS NOTHING WHAT SO EVER TO DO WITH CURRENCY, DOES NOT TRADE CURRENCY AND ONLY TRADES U.S. SECURITIES. HE WAS ALSO SORT OF SURPRISED TO HEAR THAT THE COMPANY WAS BEING WRITTEN ABOUT IN SUCH A MISDIRECTED WAY. THIS IS NOT MY OPINION THIS IS A FACT THAT IEX HAS NOTHING AT ALL TO DO WITH THE IRAQI DINAR NOW AND NEVER WILL. THEIR LICENSE WITH THE SEC RECOGNIZES THEM AS OF A JULY 17 2016 AS AN OFFICIAL STOCK EXCHANGE AND THAT IS HOW THEY CONDUCT THEMSELVES. ANYTHING ELSE OR CURRENCY SPECULATING WOULD BE A DIRECT VIOLATION OF THEIR LICENSE. FOLLOW THE FACTS AND CONTINUE TO LOOK TO FOREX WHICH IS A 5 TRILLION DOLLAR A DAY PLATFORM. WHEN THE DINAR PLUGS IN AND TRADES INTERNATIONALLY YOU WILL SEE IT THERE. [post 1 of 3....stay tuned]
9-19-2016 Intel Guru Dr. Clarke [...you talked about and were positive the RV would happen the last week in September with the pay-out first week in Oct. I sense you are backing tracking in this recent post and your mention of looking at Summer of 2017. What gives?] We’ve never said it would occur in 2017. THEY DID...it could go into October, November, December and even 2017……maybe 2018, 2019. But, we JUST DON’T THINK SO, AT ALL…..we’ve been saying the last week of SEPTEMBER - 1ST week of OCTOBER exchange, since January of this year, FOR A REASON. ...we think there will be much more clarity soon, in the popular & familiar words of Iraq: “In the Coming Days”. These things are NEVER broadcasted ahead of time, friends...You have a BIG advantage, and are ahead of the game, just by being here on this site, and soaking up all the information...ALL OF IT. You have a Front Row Seat.
9-19-2016 Intel Guru ADMINBILL ONCE AGAIN MONDAY MORNING FINDS THE SS DINAR BECALMED AT SEA. BUT, NOT TO WORRY, THERE ARE HIGH WINDS AND FOLLOWING SEAS IN THE FORECAST AS YOU SAIL TO YOUR DESTINATION. YOUR AROUND THE WORLD CRUISE HAS TAKEN FAR LONGER THAN IMAGINED DUE TO UNSCHEDULED PORT VISITS AND BREAKDOWNS AT SEA BUT IT APPEARS YOUR BOAT IS FULLY SEAWORTHY AND SET TO END YOUR LONG CRUISE AT LAST... PROVIDED THE WEATHER CONTINUES TO HOLD.
9-19-2016 Newshound Guru rcookie Article: "Abadi will meet on the sidelines of the General Assembly meetings of Obama and a number of prominent leaders and the heads of the world" Quote: "...the prime minister left for New York City to attend the annual meetings of the General Assembly of the United Nations, pointing out that Iraq Abadi, will deliver a speech during the meetings of the General Assembly..."
9-19-2016 Newshound/Intel Guru BGG [I believe they need to tweak the Investment Law still...any thoughts on that and any other pertinent things they need to get done?] I think they are close on that... I doubt the HCL is all that important... the reason Maliki keeps bringing it up - he feels like, if he can make it a leading issue, it is divissive enough to keep everyone arguing for years. He would be "safe in the chaos" for a long time. Not gonna' happen.
9-19-2016 Intel/Newshound Guru Backdoc REMEMBER, IRAN SAID, THEIR FOREX VALUE WOULD MEET ITS REALITY VALUE IN OCTOBER SO WE ARE EXTREMELY, EXTREMELY CLOSE. ITS SHIA BROTHER [IRAQ] WILL LEAD THE WAY. THE REALITY VALUE WILL BE DIGITAL ON THE IEX. I'M SURE DR. S [SHABIBI] HAS HIS TRIGGER MAN PRACTICING FOR THE GLOBAL RELEASE BUTTON! THIS IS REALLY GETTING TO THE EXCITING PART OF THIS REALITY. [post 2 of 2]
9-19-2016 Intel/Newshound Guru Backdoc IT APPEARS THAT THE BUDGET WAS LAUNCHED ON THE 8TH AS ALL IMPORTANT THINGS ARE. ALTHOUGH ACTION NEEDS TO BE TAKEN IN 10 DAYS, IRAQ HAS DONE ALL THEY CAN DO UNTIL PERMISSION IS GRANTED BY THE U.S.T.! ABADI WILL GET THAT MONDAY. I'M VERY OPTIMISTIC THAT BY FRIDAY WE WILL SEE SOMETHING SPECIAL ON THE IEX, IF IT IS ALLOWED TO TRADE. DON'T LOOK FOR THIS ON THE FOREX, IT WILL BE ON THE IEX. SO UNTIL THE IEX TRADES, I BELIEVE WE ALL WAIT. [post 1 of 2....stay tuned]
9-19-2016 Intel Guru Bluwolf Ok folks, nothing has changed, all seems to be intact and that is good....both the GCR and RV'S are on a specific timer (it has a day and a time). So we still need to wait till this timer runs out...
9-19-2016 Newshound/Intel Guru BGG [ i been seeing the word exchange rate in alot of articles recently, if that has anything to do with anything gearing up for something?] Long story short...it is OBVIOUSLY on their minds. TOTALLY AGREED!! SOMETHING IS UP!!
9-19-2016 Intel Guru Dr. Clarke It is our belief and opinion, that the Iraq Dinar and the Vietnam Dong, will both, significantly increase their “in-country” rate and their “out-country” exchange rates, relatively close in time, to one another, with a very high probability of happening at the exact, same time. ...VN’s been ready for quite some time & wanted to move, but advised to “sit a little longer”...Iraq has (behind the scenes & quietly) moved quickly on a few things, and ISIS (Security) is where they want it (and a few other things), Iraq can move - and with VN, as well. This next 8 DAYS is what we’ve been looking at ALL YEAR, according to “Plan”, SINCE JANUARY...If something snags this week, we’ll know it by OCT. 1...but until then, everything is set to move. Our eyes are fixed squarely on the last week of SEPTEMBER...
9-18-2016 Newshound/Intel Guru BGG if one just takes cursory scan... they (Iraq) don't look all that ready to join the WTO...HOWEVER, in light of this recent aggressive response to IMF guidance - it may well be they are RIGHT SMACK DAB in the middle of learning how to act right!! Which, IMHO - is the most important element of them getting "world" support, re-entrance and acceptance!!
9-18-2016 Newshound Guru mike Article: "The dollar stabilizes at 1295 dinars" Iraq should exchange all dinars/dollars at the 1200-1 rate for everyone. The state banks are all over Iraq, if they gave a better rate universally, it would level the playing field. ...anything less than 1205-1 satisfies the Article VIII requirements of the IMF.
9-18-2016 Intel Guru Dr. Clarke Everything is right on schedule. UN meetings this coming week (exactly by design), to Finalize, Validate & Move...It is our belief and our opinion...that this Wed., Sept. 21, is a key date to see what happens immediately thereafter. Next weekend, predominately Sunday, Sept. 25 & Monday 26th, are BIG dates, as we head to the 30th...So far, everything that is within “The Plan” is, and has been coming to fruition. The UN meeting this week is huge, and we have to tell you, if there’s a delay on into the near future, before Iraq significantly increases their Dinar currency rate of exchange...it will be because of what happens at this UN meeting. Right now, as we speak, everything is set to move.
9-18-2016 Intel Guru ADMINBILL I WOULD LOVE TO SAY WE ARE THERE AND EVERYTHING I AM BEING TOLD INDICATES THAT IS THE CASE. BUT WE ARE NOT. AT LEAST NOT YET. WHEN? I WISH i COULD TELL YOU. TODAY? THIS WEEK? THIS MONTH? THIS YEAR? NEXT YEAR? THOSE ARE THE QUESTIONS THAT ARE HERE FOR US EVERY MORNING THERE IS NO RV. WE ARE HEARING LOT'S OF INFORMATION YET NOTHING CHANGES. ONCE AGAIN LET'S SEE WHAT THE DAY BRINGS.
9-18-2016 Newshound Guru wmawhite Newshound Guru quotes: “we now know 3 things are now FACTUAL and see these FACTS in writing from the CBI:” “Iraq does need the IMF’s permission to RV” My response...! Wrong...not so! We do not know that as fact! Show me! Where has the Central Bank of Iraq or the IMF has ever made such a statement? Quote: “Iraq CBI needs to increase their reserve of hard currency now sitting in the CBI. It now is almost cut in half from what it was in 2012.” My response...! Wrong...not so! We do not know that as fact! Show me! Where has the Central Bank of Iraq or the IMF has ever made such a statement? My response...! Two years ago the reserves were at $80 billion and what was the value of the IQD? Answer; 1166. Quote: “the legislative track and other issues also have an impact on the exchange rate (so it appears Iraq does need some mandated laws...” My response...! What?! What is a “mandated law”? None of these statements made by this News Hound/Guru is in writing from the CBI. NONE. [Reference Intel/Newshound Guru Mnt Goat post 9-17-2016]
9-18-2016 Newshound Guru Aggiedad77 Article: "Kurdish source: Washington got a pledge from the leaders of the political blocs to postpone the withdrawal of confidence from Zebari three months" ...IF...we are so close to some "event" happening...it wouldn't make sense to try a new recipe to bake a cake would it...that to me makes perfect sense with Zebari as well... Here we stand on the precipice that ledge...the skinny and narrow ledge where a step of faith is being required...why make that step with an unknown... Zebari may not be an angel...but he has the knowledge...he knows the numbers...he understands the workings of what is expected to kick their Monetary Reform into full gear...warp speed...Anyone one else would have to review the recipe and make sure the ingredient are to their liking...remember the IMF is telling them NO MORE DELAYS...get 'er done boys...The US has the clout to keep Zebari right where he is and they are playing that card to keep the steam in the engine...leave the recipe alone the US is telling Abadi to tell the rest of the GOI...make this cake so Iraq can rock the world...by November...
9-18-2016 Newshound/Intel Guru BGG [...IMO the interest for us now is only the intro of new currency and how they will treat the existing 3 zero notes...] no need to be concerned about how they treat the 3 zero notes... they are worth a Dinar and will still be worth a Dinar once they make the change...
9-17-2016 Newshound/Intel Guru BGG According to economists - once they are internationally integrated - their currency priced right, investment laws are properly amended and internationally accepted - THEY WILL GET HIT WITH A WALL OF INVESTMENT MONEY... (their actual words). When this happens - they will be a lot less dependent on oil income...far more diversified. [...the IMF is in charge. What say you?] I agree... and they seem to be responding. I really think all of this is part of "the financial reform"... no doubt. ...unlike in previous regimes - there is no stall here... it's all GO, GO, GO!! [post 2 of 2]
9-17-2016 Newshound/Intel Guru BGG Article quote: "...the willingness of credit with the international Monetary Fund by which it agreed to grant Iraq a financial loan of $ 5.3 billion agreement..." ...their whole budget relies entirely on oil - everything you see in their budget is their whole oil production... their everything rises and falls on oil production and oil prices. ...this loan is just a vehicle to get the IMF and "world support" on board... two things they really need...1) IMF oversight and a demonstrated ability to do as they are told... 2) international acceptance... re-integration with the world economies. #2 won't fully happen without #1...AND international acceptance in every way. This includes an internationally priced and accepted currency... [post 1 of 2....stay tuned]
9-17-2016 Intel/Newshound Guru Mnt Goat So the good news, if any, is that we now know 3 things are now FACTUAL and see these FACTS in writing from the CBI:
· Iraq does need the IMF’s permission to RV
· Iraq CBI needs to increase their reserve of hard currency now sitting in the CBI. It now is almost cut in half from what it was in 2012.
· the legislative track and other issues also have an impact on the exchange rate (so it appears Iraq does need some mandated laws...) [post 3 of 3]
9-17-2016 Intel/Newshound Guru Mnt Goat There is an effort now under way to recover nearly 60 billion that has been stolen from the CBI reserves and from the treasury on falsified contracts and other corruptive measures. The CBi reserves could literally climb over night to 2012 levels very quickly and as it could be months and not years and this would bring us to early 2017...we know they will not issue this 100,000 note until after the RV occurs and it is never going to be used on the streets of Iraq as it is intended for inter-banking transactions only. This we know as factual. So it could be many months or even years before we see this note. But I don’t think longer than months since common sense tells us they were in a budget crunch and so why spend so much money and tie up so much money getting this new note designed and printed now if they did not intend to launch it soon. [post 2 of 3....stay tuned]
9-17-2016 Intel/Newshound Guru Mnt Goat Remember back to 2012 when the then head of the CBI Dr Shababi was going to RV the currency. We know this is FACTUAL since he told us in an article last year that Iraq missed an opportunity since the IMF gave them permission to RV at that time. He also said that he has the reserves at over 80 billion. So we must go by what we now know. We now know the CBI reserves is somewhere around $52 billion since Maliki and his goons raided the coffers along with the currency auctions to sustain the economy since Maliki left only 500 million in the treasury when he parted from office and Abadi took over. [post 1 of 3....stay tuned]
9-17-2016 Newshound Guru mike [ I often wonder if Shabbibi was her for dinner and I got the absolute strait skinny if I'd be compelled to dance on the table or cry in my napkin.] So, if you had Shabibi over for dinner you'd probably start out with a good cry, Shabibi had a plan and all he needed was political and economic stability, something Maliki and the Dawa party did not want. I'm betting that with political and economic stability you'd be up on that table dancing the jig in no time. Iraq is it's own worst enemy, even now they just removed Obeidi, the Minister of Defense right before a major offensive in Mosul. Now they're going after Zebari, the Minister of Finance right before they have to submit a budget in October. Maliki, Allawi and Haitham al-Jabouri are creating havoc, again, to stop progress and maintain the status quo.
9-17-2016 Newshound/Intel Guru BGG Article: "Saleh: Iraq has implemented all the conditions of the International Monetary Fund!" Interesting to hear this kind of bluster from Saleh...We haven't seen the absolute proof - but sounds like they are headed the right direction.
9-17-2016 Intel Guru Frank26 [Have Iraq banks completed request by the CBI to electronically comply by September...?] ...yes IMO...yes the banks of Iraq are set to make loans to citizens...to give out credit cards...to open up accounts...to help investors that are going to be coming in...electronically they are advanced...yes they are ready...but it is useless...it is all useless until they raise the value of their currency.
9-17-2016 Newshound Guru Kaperoni Their is no revalue, only a gradual appreciation over time. This event is not specifically about the dinar, its about creating a sound stable banking system and as a result an investment climate for global investors to rebuilt Iraq. Getting Iraq's banking system into Article VIII is the key...here is a quote direct from the IMF..."Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate."
9-16-2016 Newshound Guru mike ...this ride has been going for so long now folks get confused about the note count. The Finance committee said in 2014 that Iraq's current note count of roughly 4 billion notes would be reduced to roughly 1 billion once the value was raised. I can't see any way for them to reduce note count until they raise the value...
9-16-2016 Intel Guru Frank26 I feel good about what they have done last week in that meeting [IMF?] and...they are going to have continued negotiations going into November...September, October and part of November...and I hope that maybe when they come back from this holiday...they come back around the 18th I believe...I think they are going to come back with a lot of news...a lot more information...more transparency...what did we say...once they give you Fallujah...transparency of the Economic Reforms...you see it...what did we tell you the moment they give you Mosul...the transparency of the Monetary Reform...and when they come back we are going to have a plethora of information about the Monetary Reform...more talk from the CBI….more talk from Dr. Shabibi...IMO...
9-16-2016 Intel Guru ADMINBILL THE INFORMATION I AM GETTING IS SKETCHY AND WITH NO RESULTS IN THE END. IT IS NOT THAT THE SOURCES THAT PROVIDE THE INFORMATION ARE WRONG, THEY ARE NOT GIVEN THE COMPLETE PICTURE. I HOPE TO HAVE MORE TODAY. AFTER SO MANY GOOD REPORTS LAST WEEK THIS WEEK HAS BEEN SOMEWHAT DISAPPOINTING. LET'S SEE IF IT CHANGES TODAY.
8-16-2016 Intel/Newshound Guru Mnt Goat Eid is now over and parliament sessions returned on Thursday 9/15. Two major items we waited for was 1) the outcome of Zabari’s (finance minister) parliamentary vote on confidence and 2) the vote on the oil and gas law (HCL). ...I am talking to some really high up officials in the Iraqi government, the IMF and in the USA who are telling exactly what is needed and at what level of performance they expect from Iraq. ...They need an oil and gas law (HCL) passed in parliament before any turn-on of their currency to international markets. They even told us in a recent article this week that any significant increase it the value of he dinar is dependent on needed legislation. I quote from the article below – “the legislative track and other issues also have an impact on the exchange rate”...this article confirms that an oil and gas law is required.
9-16-2016 Intel Guru Bruce The rates are showing live on screens. The IEX is fully functioning ready to go. The CBI is connected of course already to the IEX and it is prepared for a rate adjustment to take place. We think since it is already hooked up, we are expecting this to occur. Regarding rates, we know the rates have been going up slightly. We are going to be in great shape in that. It is an important time for us and we are excited where we are...It is so close to receive this blessing. [post 2 of 2]
9-16-2016 Intel Guru Bruce ...having the triple witching hour of the stock market happening tomorrow [Friday] is very important in terms of settling the stock market. The stock index futures, stock index options, stock options, all 3 areas need to settle in tomorrow’s [Friday's] market. They need the liquidity to settle all that. That should occur but needs a lot of new liquidity in the system. That maybe the trigger for this to go by that time. That is what we are trying to say with the triple witching hour. It happens 4 times a year. So far today [Thursday] , we know that the market are open and active available to trade. The faucet turned on so to speak all is running as far as liquidity point of view. [post 1 of 2....stay tuned]
9-16-2016 Intel Guru Frank26 [are they on track for the fiscal RI...?] Yeah... and I think when they come back we are going to learn more about that...not so much about the budget but more about the Monetary Reform which would lead them into the fiscal part...into the RI for us...the Monetary Reform...once they lift the value of their currency...their currency is ours to take for a ride up an escalator in value...a dinar will always be a dinar in the country...but outside the country whatever currency it is exchanged for...well that can be a different story.
9-16-2015 Newshound Guru Enorrste ...the IQD will be destroyed as they come in over time. It will take some time to reduce the money supply from 40 trillion dinars to 40 billion dinars. As this is done the value will increase. It must be done incrementally to avoid a liquidity crisis. With respect to the 50K notes they did NOT increase the money supply. They were issued in exchange for 25000 notes so it was an even exchange. The 25000 notes are either being held at the CBI (thus not part of the money supply, just as any new money held there is not part of the money supply until it is issued) or it has been destroyed. The slight rise in the money supply is caused by the CBI in order to maintain liquidity and has nothing directly to do with the 50K notes. ...the 50K notes have done their job: hence, no need for the 100K notes. That job was to initiate the removal of the 25K notes from people's mattresses. It will be excelerated by the offer of the dinar at 1200 per dollar through these major banks.
9-16-2016 Intel Guru Frank26 [Do you think Frank that Iraq is going to meet the window that the IMF is giving them in the Arabic side of the CBI I believe November...?] Well again I don’t know...that is what we are hoping for...but we will learn more about that status when they come back around the 18th...you think they are on vacation...you think they are celebrating Eid...no...no...they are working like dogs...because they cannot afford to bite the hand that feeds them any longer.
9-16-2016 Newshound Guru Kaperoni Article: "Parliamentary Finance calls to control the rate of the dinar against the dollar" I will say it again...Balassa-Samuelson effect. Once they accept Article VIII (they have to stabilize the exchange rate, spread and meet other conditions first), they then will float the dinar to counter inflationary pressure created by the influx of investment and investors. This will cause the dinar to appreciate in value. It will not happen overnight, but it will happen gradually. With the introduction of the 50, 100, 200 planned for early 2017, we can hope that the dinar will be worth .10 cents by then.
9-15-2016 Newshound Guru Enorrste I might add one more point: by using this strategy the need for the issuance of the 100,000 dinar note is eliminated. Originally this note was going to be introduced so that the 25000 dinar notes hidden in mattresses could be drawn out. However, that is only a false ameliorative, since those 4 25000 dinar notes would still be replaced with another dinar note (although larger). However, through this new strategy of exchanging dinar at 1200 per dollar the large 25000 dinar notes can be drawn out of the mattresses WITHOUT replacing them with other dinar notes, thus allowing a direct reduction in the money supply. [post 3 of 3]
9-15-2016 Newshound Guru Enorrste As the dinars in mattresses are removed and sent to the CBI through these major banks they can be destroyed, thus allowing the CBI to reduce the money supply. Remember, they have to reduce it gradually as the value of the dinar rises. The reduction is enormous, from 40 trillion dinar to 40 billion dinar. This is a part of the mechanism that will make this possible. If the dinar in mattresses do not come out then the float cannot begin or, if it does begin, there will not be enough upward pressure to raise its value UNTIL the mattress money is removed. Thus this move by these two major banks (initiated by the IMF) will help to kick-start that removal process. [post 2 of 3....stay tuned]
9-15-2016 Newshound Guru Enorrste Article: "The central bank determines the sale of $ 5000 for citzens across the bank Rafidain and Rasheed" If these two major banks are now selling the dinar at 1200 per dollar what do you think will happen in the short term, especially since the street rate is 1290 per dollar? The answer is two-fold: first, this will put downward pressure on the street rate...to bring it in line with the official rate, or at least within 2% of that rate (a requirement of the IMF for entry into Article VIII); but secondly, and this has not yet been mentioned, the lower 1200 per dollar rate will quickly draw in large amounts of dinar from the mattresses of those who were frustrated because the street rate was so low compared to the official rate. This is the secondary but extremely important factor that will be necessary in order to move to a float. [post 1 of 3....stay tuned]
9-15-2016 Intel Guru Delta I have some information about the IMF meeting with Iraq...it looks like we might have a window for the date of the currency reform or basically the revaluation of the dinar...I just read it in Arabic...there seems to be a window that the IMF has given Iraq...they told them you have to finish the Monetary Reform of your currency...the internet is not seeing this in Arabic...it says in Arabic they told them to finish the Monetary Reform...and the Economic Reforms before November...
9-15-2016 Intel Guru Frank26 ...the information that is on the CBI website in Arabic makes it very clear...[Guru] DELTA translated it for us...and it said very clearly...at this meeting the IMF told Iraq...look you’ve done these things...but you have not done two things...if you want your loans...and that is what...articles are backing it up again...if you want your loans so you can complete your Economic Reforms...do the Monetary Reform...if not...IMO we will come in and we will do everything.
9-15-2016 Newshound Guru mike I will say there will be a deeply impactful and profound change when the dinar does increase in value, even if it only goes up to a quarter. That's a 25,000% increase in the value, it's nothing like the small and incremental ups and downs of the USD. Can you imagine what would happen if the USD suddenly increased in value 25,000% percent? Think about it this way, even at a quarter, 40,000 dinar will buy you a nice meal in good restaurant in Baghdad, after the raise in value, an Iraqi will be able to buy a Toyota pickup. That's a massive difference. What if that same Iraqi instead takes his 40,000 dinar to Jordan or Kuwait? Heck, he's staying in the poshest hotels and eating the finest falafels he can find. Not only will Iraq feel the increased purchasing power of the dinar, but the whole world will experience it as well...IMO... [post 2 of 2]
9-15-2016 Newshound Guru mike [...if I was going to raise the value of the Dinar, how would I get all the excess Dinar to come back to the bank so I would not have to pay out so much money when it revalues? Lower the Dinar value several times, causing people to panic and cash in their Dinar for the dollar. After the massive exchange happened, then RV! Am I thinking wrong, crazy, or brilliant?] ...they're already making the dinar less desirable, heck, Iraqi's are trading it for dollars at a 10% loss off of face value. ...No one really wants the dinar to start with, other than Iraqi's, but even they want the dollar because they can buy Turkish tomatoes and other imports with it. It's just my opinion, but there's no grand conspiracy to create false illusions about the dinar so they can "pull in as much as possible" before they RV, that's just something...made up. The IMF has told them repeatedly they need to remove the exchange restrictions and reduce the MCP to 2% or lower, there's never been a word whispered about reducing note count etc. until after the dinar revalued, then they were going to reduce the note count from 4 billion notes to around 1 billion notes. [post 1 of 2....stay tuned]
9-15-2016 Newshound Guru Kaperoni Article: "Rasheed Bank proceed to sell the dollar for travelers dinars 1200" This should quickly reduce the spread to within 2% as others follow to compete. Again, the CBI is trying to get in compliance. This is great news to meet the IMF directive in the SBA.
9-15-2016 Intel Guru Jester I THINK I HAVE TOLD YOU BEFORE THAT THERE WOULD BE A PROGRESSION OF EVENTS RATHER THAN A SWITCH FLIP...THEY WILL NOT LIKE TO LET EVERYONE KNOW WHAT IS GOING ON MORE THAN ALREADY DOES...A FEW MORE UNDER THE RADAR THINGS LOOK TO BE LINING UP...THIS MIGHT TAKE A LITTLE WHILE TO ROLL THROUGH...THE IMF AND WORLD BANK SEEM TO BE A LITTLE BUSY WORKING FOR THE AIIB APPARENTLY...GETTING A FEW THINGS DONE IN THE BACKGROUND PREPARATION...APPARENTLY THOSE CONTRACTS ARE ALL READY TO ROLL… WHICH IS HOW THEY ACTUALLY LINED UP THE STUFF THEY LIKED TO HAVE...WHICH ALSO IS THE REASON THEY DON’T NEED US SO MUCH NOW...BACK IN THE DAY BEFORE ALL THE OVERPRINTED DINAR WAS BROUGHT FORWARD...OUR POSITION WAS MUCH BETTER AND IN DEMAND...
9-15-2016 Newshound Guru tlm724 [...does the B- rating concern you about our investment?] I think it's a good rating and that rating is appropriate for Iraq given the current circumstances. Money is the incentive and Iraq will do whatever is needed to keep those funds moving and comply with the SBA. Finch is showing us that they are indeed flexible with this rating and it's essentially up to Iraq to make the needed improvements... Security is improving with the march on to Mosul. IF they actually reach a firm and implemented agreement with the Kurds with full participation from both sides this will increase their rating also. All in all Iraq is on the right track.
9-15-2016 Newshound Guru Kaperoni So we can see here that the CBI is doing exactly what the IMF dictated. And they are moving closer to accepting the obligations (don't know the date) of Article VIII. Which we all know Article VIII is the "key" to make the dinar internationally convertible and as a result would remove the dinar from the peg at that time and allow it to float. IMO, they are moving towards the goals of early 2017 (remember the 3 notes the CBI wants to bring out!) Gotta love the line...."Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community" It really is fantastic news because the IMF is not going to let the CBI and banking system stay closed to the world much longer. The plan is in action. [post 2 of 2]
9-15-2016 Newshound Guru Kaperoni this should get us all excited...From the IMF SBA...: "The authorities will gradually remove remaining exchange restrictions and multiple currency practice (MCP) (MEFP, 14). Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.9 As a first step, the Council of Ministers will approve and introduce to parliament an amendment of the Investment Law, or the CBI will issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction (SB, Table 5), as recommended by a recent technical assistance mission of the IMF. As a second step, the CBI will increase the sale of foreign exchange for valid current exchange transactions on the official market in order to reduce the spread between the official and parallel exchange rates (10). In particular, the CBI will, by the end of 2016, make the weekly limits on the purchase of cash at the weekly foreign currency auctions indicative, in the sense that any bank requiring additional cash for legitimate travel expenses for its clients will be able to obtain the required amount above these limits on the basis of appropriate documentation." [post 1 of 2....stay tuned]
9-15-2016 Newshound Guru Adam Montana [Does the Fitch rating need to get better before Iraq could RV, or would an RV increase Iraq's Fitch rating?] I did see that Iraq was given a B- or close to that recently? Over the last few years they have maintained a very consistent and very good quality rating, which tells us that they are pulling forward consistently. That's better than what a lot of other countries have done! Just another reason to hang tight and root them on.
9-15-2016 Newshound Guru Shredd [...does the B- rating concern you about our investment? And does the rating have to improve to have the significant increase we're looking for?] Not at all. Increasing the rating will take significant time and impacts the interest paid on sovereign loans. That said, because of the tremendous support Iraq continues to get, such as the soft loans, this is not having much of an impact.
9-15-2016 Newshound Guru Kaperoni Article: "IMF thank Iraq on "fruitful cooperation and candor," the first revision of the standby credit agreement" I just love how the IMF works. It is clear, the SBA was the roadmap. And these subsequent meetings in Jordan check progress before the next installment loan. It is very obvious, the CBI was behind on the conditions the SBA "plan" had for the banking system. So they get their orders and return to Iraq and have 30 or so days to get caught up before the next October meetings.
9-14-2016 Newshound Guru Adam Montana [Just to clarify things again. I thought an HCL law passage was or is not a factor into any implementation of an RV.] It's not "mandatory", but I place it high in my personal opinion of catalysts for the RV. [In your opinion, do you feel that in this end 1/4 of October Iraq will pull the RV trigger or do you feel it will be in 2017? I'm in the camp of 2017.] I won't give a date, but I've made it clear that I'm positive for progress in the coming weeks/month. [Do you think most of will actually live long enough to see an actual RV?] Yes.
9-14-2016 Intel/Newshound Guru Mnt Goat Won't all the hedge funds and investors scoop up the currency and cause a rush on it? Yes - I am told this may happen and the rate could go very high over a period of time. The float, however, will be a "fixed" float meaning it will have a limit. They are not telling me the limit as it is sensitive information...of course. But we did hear Dr Shabibi say in the past that the IQD could sustain up to a value of $16 USD per dinar. This is all we know as FACTUAL and so I will not spread any rumors, hype or speculation on the future value of the dinar. No Rumors, No Hype, just the FACTS, as always! [post 2 of 2]
9-14-2016 Intel/Newshound Guru Mnt Goat ...THE ECONOMIC AND FINANCIAL REFORMS ARE ALMOST ALL COMPLETED... I am still on the path of window from Sept 1st 2016 to January 2017 to see a significant rise in the value of the IQD. I firmly expect to see between now and January to see the launching of the lower denominations (but no coins yet). When the CBI does launch the new notes (lower denominations) the IQD value will not change. I repeat will not change and the swap (or exchange) by the citizens within Iraq will be a 1:1 meaning the value will be a swap of 1 dollar value for something worth one dollar value. I am being told by my CBI contact that if all goes according to plan we can expect a 90 cents to $1.17 USD rate change within a couple weeks after the newer notes are launched, but only when it is launched AND finally moved to the international exchanges. At this time the plan now is that the currency will be on a float and will no longer be stickily pegged to the USD (as it is today). Instead they plan to move it to a "basket of currencies". [post 1 of 2....stay tuned]
9-14-2016 Newshound Guru Adam Montana Not much to report today in Iraqi news or Dinar progress, but I kind of expected that. ...I'm leaning on October to be a big month in our news. My primary reason for not expecting much out of this week is their last long holiday of the year, Eid-al-Fitr...Eid-al-Fitr goes till Friday this week, and then we don't have any more long holidays in the immediate future... which hopefully means they will be getting some WORK done.
9-14-2016 Intel/Newshound Guru Backdoc [...we have friends who have only VND. IYO, do you see them RVing any time soon or maybe next year?] THEY ALL START THE RACE TOGETHER IMHO! CAN'T HAVE DOUBLE DIPPING BECAUSE IT WOULD DAMAGE THE CURRENCIES THAT GO AT A LATER DATE! IT WOULD INCREASE THEIR NOTE COUNT TOO MUCH. I BELIEVE IT WILL BE AN ASIAN SURPRISE! IMO.
9-14-2016 Newshound Guru Islandg1211 The obvious biggest question is when is the IMF requiring the CBI to RV? Unfortunately, they don't directly state that. They stated in their December 2015 LOI that they wanted Iraq to join the international community "by mid-year." Their June LOI states that the IMF wants the CBI to cut out their Multiple Currency Practices and move to Article VIII compliance - which requires the RV - "by the end of the year." The IMF is on top of exactly what Iraq is and is not getting done on time. That comes out through these articles on Friday's meeting. [post 3 of 3]
9-14-2016 Newshound Guru Islandg1211 So, how is Iraq doing implementing the IMF's plan? The Finance Committee has been working with the CBI and the IMF to draft their 2017 Budget. The Finance Committee is saying that they want to submit the 2017 Budget to Parliament this month. The biggest issue with the Budget is setting the expected average price of oil per barrel. On Friday, the IMF set the price per barrel at $45.00 for 2017. There is progress being made in this area, namely that the 2017 Budget does cut spending, does reduce its reliance on oil, is being reviewed and set by the IMF, and is being drafted on time. That's a lot of progress. Also of importance, is that IMF audit of the CBI's foreign reserves found that they had an additionally $10 billion. So the IMF is pleased with the Budget and the foreign reserve level of the CBI. (Also the passing of the Amnesty Law and a few new technocrat Ministers was real progress the last couple of months.) The IMF will hold their next review meeting in October. [post 2 of 3....stay tuned]
9-14-2016 Newshound Guru Islandg1211 The IMF met with the Gov of the CBI, Allak and the Finance Committee to assess Iraq's progress to date in meeting their requirements. To review, the IMF required that Iraq did a number of things, including determining their 2016 and 2017 Budget, passing laws, banking reforms, and monetary reforms. The IMF stepped in last December with a LOI that covered the first half of 2016, then in May/June, the UST, WB, IMF, US and other nations combined in a coordinated plan for an umbrella plan for Iraq in which Iraq would get loans. The meeting last Friday was a review of progress of Iraq meeting the requirements. The IMF is completely taking control of the structure and conditions they expect their plan for Iraq to be implemented. The IMF does not want to lend money without Iraq doing what they need to do. That's they message that came out of Friday's meeting. [post 1 of 3....stay tuned]
9-14-2016 Newshound Guru Breitling ...There’s an article taking about de-pegging from the US dollar. Ok just pure math. We know the US dollar dominate about 70% of the world’s international trade. Just based on that math…do you think that it would be a good idea for Iraq to de-peg itself from the most powerful currency that’s ever existed on the face of the earth? Do you think that is a wise decision? Do you think the US treasury and US government setting up their currency…we’re the ones who got rid of their old currency and we’re the ones to help setup their new currency…do you think there is any room for that type of shenanigans? No there is not. I appreciate articles that come out but some of them are so obnoxious that they should be indicators all by themselves that the person who wrote that is completely off the wall. They are not going to de-peg from the US dollar. This is not opinion at all…the US dollar is getting stronger and stronger and stronger.
9-14-2016 Intel Guru Bruce Iraq...We know all the major bills and laws been finalized and entered in the Gazette and the gazette has been published. They have been actively using their lower denominations, key cards, received back pay back to January. Things are happening in Iraq. Moving right along. From an Iraqi perspective, the linchpin has been pulled that everything is ready to pull now. If there is an issue, it is not one we know of. The international exchange is up and running to all exchanges around the world. Everything is working directly with the new satellites and computers so all can be protected and work as a system as it should. The CIPS system is functioning beautifully...from a system point of view, banking point of view, everything is rolling along beautifully. It is just a matter of when it is our turn to plug into the system...We are in line for it. We are just waiting for the go signal. The rates on dinar and dong did go up a little bit. It could be tonight, tomorrow. It is that close. I am excited to tell you I am anticipating good news very soon...
9-14-2016 Newshound Guru Kaperoni Article: "The central bank determines the sale of $ 5000 for citzens across the bank Rafidain and Rasheed" Quote: “...the central bank boosted bank balance Rafidain and Rasheed dollar in order to direct the sale of hard currency from the dollar to citizens traveling outside of Iraq.” I like how the CBI has these meetings with the IMF and when they come home, they usually do something right away. Clearly the IMF told them last weekend, raise the minimum at the banks.
9-13-2016 Intel Guru Frank26 The government right now is actually gone...it is a certain type of holiday that is a continuation of Eid. Let’s look after the holiday...because they are looking at about a five day holiday for this Sacrifice Feast...after their Eid ended...and if you include these extra days...Friday, Saturday, Sunday...it is a total of about nine days that the GOI has to come back and communicate with the CBI...and determine if they are going to follow this last step...the CBI said they would lift the 000’s...and would be ready by 2017...but that was before this meeting with the IMF...the latest information we have from the CBI website in Arabic...Allak knows these steps...and under his watch he may get some very big credentials...if when they come back the CBI and the GOI decide to lift the value of their currency. [post 3 of 3]
9-13-2016 Intel Guru Frank26 ...they must finish their Financial Reform...the CBI is giving you their step by steps...this information about the IMF and Iraq is HUGE. A long time ago the IMF told them...we are going to help you but you have to lift the 000’s...and in December of last year...they laid out the plan...and here we are seeing it unfold...would you not agree with me that they are international. IMF said look we will take you into the international theater by the middle of the year 2016...and they did..and now it is their turn IMO to finish the final obligation that the IMF demands of the GOI and CBI. ...the conclusion of Fallujah has brought the Economic Reforms...it is the Financial Reform of the CBI that needs to be done now...the CBI...along with the GOI is about to follow these orders...IMO. [post 2 of 3....stay tuned]
9-13-2016 Intel Guru Frank26 ...the IMF met with Iraq this past week...and they told them in order to receive any further loans...like for example the $650 million dollar loan that is waiting for them in November...they have to do two final things that they have not done...you have to finish the Financial Reform...before November...this is Iraq’s window...IOO. Allak is saying the very same thing...all is done...but the currency reform is not...it is the only thing that is left...and the IMF is demanding that they do this before November ...the CBI and the IMF are now talking about these issues. The Rafadain and Rasheed Banks are now poised and set to make loans to citizens...and even to sell the American dollar to the citizens and...why...because the auctions will eventually disappear...because there were the requirements... among many that the IMF had for them...but they have not completed the Financial Reform. [post 1 of 3....stay tuned]
9-13-2016 Newshound Guru mike Article: "Immaturity" economically Iraq has been presented by international conditions , "most unfair" and Abadi demands as "bold stances" Quote: "...because of the immaturity of Iraq economically and not having economical and institutions or well-established monetary policy, making the citizen a victim of economic ignorance." The IMF is the last stop for these guys, if they don't conform to what the IMF is requiring the money drys up and then the real problems are going to set in.
9-13-2016 Newshound Guru Kaperoni Article: "The central bank determines the sale of $ 5000 for citzens across the bank Rafidain and Rasheed" Quote: "The Iraqi Central Bank announced on Tuesday (September 6), the processing bank Rafidain and Rasheed exchange of foreign currency to the dollar expansion of cash sales outlets to citizens via their branches in the capital Baghdad and the provinces." More good news. They are following the IMF concerns and liberalizing the foreign exchange.
9-13-2016 Intel/Newshound Guru Backdoc NOW WE WAIT FOR THE CONCLUSION AS WE SEE IT IN PROCESS! WITH THE BUDGET RIDER ACTIVATED AND LIKELY LAUNCHED ON THE 8TH WE SHOULD SEE FURTHER ACTIVITY BY THE 10 DAY WINDOW. THIS SEEMS TO ALIGN WITH THE IEX SCHEDULE WHICH SAYS TRADING WILL RESUME SOMETIME AFTER THE 15TH! IRAQ CAN WAIT TO PUBLISH THE BUDGET FOR AWHILE SO I'M PICKING NO DAYS HERE BUT WE ARE ENJOYING THE COMPLETION PROCESS AREN'T WE? OCTOBER USHERS IN THE NEW ASSET-BACKED DIGITAL NEW REALITY AND WE ARE MORE THAN READY! JUST ENJOY DAY BY DAY SEEING THE REAL TIME CONCLUSION PROCESS! YES ITS REAL! PINCH YOURSELF! IMO. [post 2 of 2]
9-13-2016 Intel/Newshound Guru Backdoc LOTS OF INFO BUT MOST OF MY STUDIES ARE TOO SENSITIVE TO TALK ABOUT. WE ALL KNOW HOW IRAQ REDUCED ITS NOTE COUNT BY DOING THE CURRENCY AUCTIONS BY SELLING DOLLARS AND PULLING IN DINAR. THEY METHODICALLY DESTROYED THE PAPER THUS REDUCING THE NOTE COUNT! I LOVED SEEING THAT ARTICLE ON THE 7TH THAT STATED IRAQ HAD ENDED ITS INTERNATIONAL FINANCIAL MESSAGING SERVICE! YES A COMPLETION ON THE 7TH! OF COURSE THEY WERE BEING SNEAKY ON HOW THEY STATED IT BUT WE ALL KNOW THAT WAS THE SWIFT CODE RIGHT? RIGHT! THEY ARE NOW E-DINAR AS THEY SAID THEY WOULD BE! SO OBVIOUSLY THEY ARE NOW ON THE THE CIPS WHICH IS THE NEW DIGITAL PLATFORM WHICH CAN RUN BOTH! [post 1 of 2....stay tuned]
9-13-2016 Newshound Guru Mailman17 THEIR MAIN CONCERN IS WHATS INSIDE IRAQ, NOT OUTSIDE. WHAT WE HOLD IS NOTHING IN THE GRAND SCHEME OF THINGS AS THAT ALSO WILL FIND ITS WAY INTO OUR TREASURY AS OTHER COUNTRIES AS WELL. SHABS [DR. SHABIBIS] PLAN FROM DAY ONE WAS AND ALWAYS WILL BE ON PAR 1-1 AS HE HAS STATED MANY TIMES. A 1-1 WITH IRAQ BACKING ONLY A SMALL % OF PHYSICAL DINAR IS VERY PLAUSIBLE, ESPECIALLY IN REGARDS TO OTHER ASSETS THEY HOLD OTHER THAN GOLD. REMEMBER PHOSPHORUS? I DO THINK MOSUL IS A LOT FURTHER ALONG THAN REPORTS SHOW. IT IS THE LAST DOMINO IMO AND WE JUST WAIT FOR THE ANNOUNCEMENT. THEN I BELIEVE REFORMS WILL TAKE OFF ASAP. AND I HATE TO BRING UP HISTORY, BUT IRAQS FINANCIALS AS REPORTED ARE QUESTIONABLE AT BEST AS THEY HAVE BEEN FOUND WITH 2 SETS OF BOOKS IN THE PAST. SOMETIMES WHAT YOU SEE ISNT ALWAYS WHAT IT IS. IRAQ IS READY...ARE YOU? I KNOW I AM...AS ALWAYS JMHO. [post 2 of 2]
9-13-2016 Newshound Guru Mailman17 I DO AGREE WITH [GURU] BREITLING AS FAR AS IRAQ GETTING THE NOTE COUNT DOWN, BUT, AS MUCH AS THE NOTE COUNT MATTERS, ITS WHAT REPRESENTS THE M2 THAT REALLY MATTERS IMO...THEIR M FACTOR REPRESENTS NOT ONLY PHYSICAL DINAR BUT DINAR ON THE BOOKS AS NUMBERS AND NOT ACTUAL PHYSICAL CURRENCY. WE ALSO HAVE TO REMEMBER JUST HOW MUCH ACTUAL DINAR IS BEING HELD AS BACKUP CURRENCY BY OTHER NATIONS, ESPECIALLY THE PARIS CLUB. HISTORY TELLS US THE US ORIGINALLY LENT IRAQ 20 BILLION U.S. IN LIEU OF DINAR. AT THAT TIME THE RATE WAS 4000-1. ADD IN THE OTHER MAJOR COUNTRIES, AND 41 TRILLION ISNT THAT MUCH FOR IRAQ TO HANDLE BECAUSE THE MAJORITY OF THAT IS FOREIGN CURRENCY RESERVE FOR OTHER COUNTRIES. [reference Guru Breitling post 9-13-2016] [post 1 of 2....stay tuned]
9-13-2016 Newshound Guru mike Article: "Immaturity" economically Iraq has been presented by international conditions, "most unfair" and Abadi demands as "bold stances" Quotes: "financial mismanagement of the government and the dominance of the ruling parties on the financial file, in addition to rampant corruption and lack of activation sector The private" "those conditions came because of the immaturity of Iraq economically and not having economical and institutions or well-established monetary policy, making the citizen a victim of economic ignorance." This says it all...Abadi needs to get in the game, attack the corruption and get the open market economy opened up.
9-13-2016 Intel Guru ADMINBILL NO RV/GCR THIS MORNING. I AM TOLD TO NOT WORRY. IT IS ON THE WAY. NEXT OPPORTUNITY IS APPROACHING BY WEEKS END. LET'S ALL HANG IN THERE AND SEE WHAT HAPPENS. COULD IT STILL HAPPEN TODAY? MAYBE.
9-13-2016 Newshound Guru Breitling ...articles coming out with banks having problems giving people Iraqi dinar. Remember this is a two pronged attack. They are trying to reduce the dollar amount because the only way they can reduce the note count and add value to the currency…is to make sure people aren’t addicted to the US dollar…so there is a balance there. We don’t have enough information to calculate. At what point are they pulling dollars off? and at what point are they reducing the note count. And at what point are they more heavy than the other? We don’t know. BUT we know what to look for and we know the key words they’re saying and what it means for us...Between 80 and 85% of notes in Iraq are 25K notes and they say they have about 41 Trillion in dinar…divide that up into 25K notes. and you’ll figure out about what the note count is at.
9-13-2016 Newshound Guru mike Article: "Parliamentary Finance: granting employees leave for five years testifies to the bankruptcy of the Iraqi state" Maliki went on a hiring binge and now Abadi's got to trim the fat and let them go. Iraq could afford the patronage system when they were making $100 billion a year from oil but now that it's down, there's no fat to feed the folks. It seems like Iraq has the right idea, move these folks off the government teet and get them into the private sector, but they're doing it backwards. First they need to set up the open market economy and then you grant these folks "vacation." By moving these folks over it will save the government's bloated payroll but it needs to be done with some kind of common sense.
9-12-2016 Newshound/Intel Guru BGG [any late news on the progress of the dinar?] I am sure the next few days will be very revealing - and...or I should say...the biggest news would have been the full context of the results of the IMF - Iraq meetings/review in Amman, Jordan...as that news comes out - it will be interesting and...we've got a few developments coming soon - GOOD STUFF.
9-12-2016 Newshound Guru Breitling ...No. I’m all about measure and I don’t know how to measure that. It’s very simple…if you see someone and they have a car frame and it’s just sitting there and they have an engine and it’s just sitting there separate and they’ve got wheels and they’re separate…you know they’re building a car especially when you look at the parts…you probably can tell what type of car they’re building. Is it going to be a race car? Well if they’re using race tires and an engine that’s bigger than what everyone else’s then it’s pretty much going to be a race car right? So that’s what we’re looking at. That’s the only thing I can go by. To me it sounds goofy when I have to use that type of example…a lot of people got into the dinar because of intuition but I don’t calculate by intuition. I don’t believe in it. I don’t believe in hope. I don’t believe in any of that stuff. If I can’t see it. I can’t measure it. I can’t invest in it. So you know this is an indicator but it’s nothing that’s measurable so you have to be very cautious when looking at it. So very very good articles coming out. [post 2 of 2]
9-12-2016 Newshound Guru rcookie Article: "Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations" ...THE IMF...IN AUDITING CBI IS SURPRISED TO FIND $10 BILLION MORE IN RESERVES THAN PROGRAMMED FORCASTED AMOUNT...AND MORE INTERESTING... COMMENTS BY THE IMF ON THE CBI PERFORMANCE DURING THESE CHALLENGING ECONOMIC TIMES...AND ADHERENCE TO...MORE THAN 20 INITIATIVE THE IMF SPELLED OUT TO CBI...AND IN PARTICULAR...THE IMPLEMENTATION OF THE ISLAMIC FINANCIAL INSTITUTIONS ACT...WHICH WAS IN THE 2016 LOI/MEFP/TMU...
9-12-2016 Newshound Guru mike Article: "Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations" quotes: "Iraq's commitment to the pledges made to the International Monetary Fund...especially as it is consistent with the orientations and objectives, noting that the Fund was surprised to be Iraq's reserves of foreign currency more than its forecast of about ten billion dollars. "the report stressed the central bank's commitment to the implementation of more than 20 pledge to fully and a proposal within the time specified timings." This is a good article from Keywords telling us the IMF is happy with Iraq...
9-12-2016 Newshound Guru Shredd Article: "Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations" Look at the big picture folks....this would not be the case for a country with a failed or failing economy, heading to a lop (redenomination). Reserves have been growing for almost the entire time I've been following Iraq which is one of the pillars of why I've stayed! It's just a matter of time until the CBI moves to a market-driven floating rate for their dinar which will be a true representation of their economic landscape. Not an IF...a WHEN.
9-12-2016 Newshound/Intel Guru BGG these flashbacks (HARD NEWS) give some important context as to what we are involved in...WIth these previous statements, articles and comments giving historical context - and the current push by the IMF, WB and UN to integrate Iraq back into the international community - things are VERY exciting (to say the least). I'm not predicting anything, nor am I commenting on "rate" - per se...I'm just telling you what they (IRAQ) have been saying all along... [post 3 of 3]
9-12-2016 Newshound Guru Breitling Article came out about mobile apps being developed in Iraq for processing payments…here’s what I want to throw out there…it [the dinar value increase] IS around the corner, I don’t want to put any date on it BUT to give you an example it’s at a 10th of a penny…these guys wouldn’t be developing apps if they weren’t going to add value to it…third world countries don’t have apps that are being developed when their currency is so low…so it is being developed for that process cause it’s coming down the road. Is it one month? two months? three months down the road indicator? [Post 1 of 2 Stay tuned for the rest of the story]
9-12-2016 Newshound/Intel Guru BGG "The Exchange Rate of Foreign Currency in Economic Feasibility Studies" "3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities." Ministry OF PLANNING...Iraq G-O-I !!! ...REPORT WAS SENT TO CONGRESS...IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013. these final thoughts from them (the final report sent to our U.S. Congress) if nothing else, adds considerable weight to our thoughts about this investment...in fact, those saying this is a "scam" - look foolish - taking these reports in context. [post 2 of 3....stay tuned]
9-12-2016 Newshound/Intel Guru BGG Flashback Article: "Minister of Finance: raise zeros from the Iraqi currency against the dollar will be supported" Quote: "...The proposal to raise three zeroes from the currency will be in accordance with the right monetary policy is not gradual, as happened in Turkey..." This article was from Feb. 2nd 2010. They've been telling us all along...NOT A FLOAT... Noting that the Iraqi dinar would be offset dollar or slightly more than after the application of this proposal. = about a dollar (USD) or slightly higher...THIS IS WHAT THEIR MoF said at the time. Not me...they have had some idea as to what this was going to be all along. [post 1 of 3....stay tuned]
9-12-2016 Newshound Guru rcookie Article: "The government sent a draft law of retirement and social security to the parliament for approval after Eid" THIS IS WHY YOU ARE SEEING GHE PENSION LAW UP FOR READING & VOTE IN PARLIAMENT RIGHT NOW... TO A COUNTRY LOOKING TO SQUEEZE EVERY DINAR OUT OF ITS ECONOMY GOING THROUGH TOTAL METAMORPHISIS...THIS IS WHY IT IS SO IMPORTANT...31 TRILLION ADDED TO THEIR GDP THROUGH 2028...BY MAKING SIMPLE AMENDMENT TO A LAW WITH THE STROKE OF A PEN..
9-11-2016 Intel Guru ADMINBILL NO CHANGE IN MY DINAR ASSESSMENT. WE ARE LOOKING "SWELL" (A WALLY QUOTE FROM "LEAVE IT TO BEAVER"). FOR YOU YOUNGSTERS OUT THERE THAT WAS A VERY POPULAR FAMILY SITCOM FROM THE 1950'S.
9-11-2016 Newshound Guru rcookie Article: "Integrity adds Rafidain and Rasheed and TBI managers" ...HERE INTEGRITY IS CALLING IN MANAGERS FROM RASHEED, RAFIDAIN AND TBI...TO CONDUCT A LITTLE POW WOW AND REFRESHER ON PROCEDURES IN 3 AREAS...LOANS...CURRENCY AUCTIONS...AND GENERAL BANKING MANAGEMENT PROCEDURES...TO TAKE PLACE IMMEDIATELY AFTER EID HOLIDAY...INTO THE PRICIPALS OFFICE..."NOW LETS GO THROUGH THESE THINGS ONE LAST TIME"...HAS UST FINGERPRINTS ALL OVER IT.
9-11-2016 Intel Guru SteveI Article quote: "...Finance Minister Hoshyar Zebari, to the Jordanian capital of Amman to complete the international consultations between the government and representatives of the International Monetary Fund, IMF." [It definitely is Shabibi according to my Kurdish friend...(referencing article picture)] Thanks for the awesome find. This is like icing on the cake because he [Shabibi] has been pushing for a rate change for years.
9-11-2016 Newshound Guru Shredd [...with all of this confidence why are they stuck at a B rating? Any idea when that would increase?] Rating agencies assess how likely a borrower is to be able to repay its debts and help those trading debt contracts (e.g., loans) in the secondary market (to investors). It takes a lot to change a rating and I suspect their rating will not go beyond the lower end of investment grade until they have a more diversified industrial output. Having their economy rely almost entirely on oil presents risk. As their agriculture continues to return and as infrastructure and commerce grow, they will demonstrate a more balanced country. That said, it's all about the data. As Iraq continues to repay loans with ease, demand in the secondary market will likely grow which in turn will pave the way for Iraq to fully participate no matter their rating. [post 2 of 2]
9-11-2016 Newshound Guru Shredd Article: "The World Bank will lend Iraq three billion dollars as "very low interest rates," the end of 2016" ...this is a good sign. A loan by the WB for a long term and low rate shows not only support and confidence in Iraq as it continues to rebuild it's economic infrastructure but it also demonstrates trust and faith in Iraq's ability to repay...lending and borrowing is what the global economic machine is all about. For the lender, interest income and for the borrower, stimulus to push progress/growth as quickly as possible and the kind that ensures the ability to repay is in place and protected. This shows us once again Iraq is continuing to mature economically. It continues to prove that a lop or redenomination due to a failing economy is not the case for Iraq. This shows us and demonstrates to future investors that Iraq is a vital participant in the global economic construct. See the trees in the forest! It's all good. [post 1 of 2....stay tuned]
9-11-2016 Newshound Guru firefly Article: "Prime Minister to the IMF Resident Representative in Vietnam 09/01/2016" Quote: "Prime Minister to the IMF Resident Representative in Vietnam Pm on 08.30.2016...has a meeting with Mr. Jonathan Dunn - Representative of the International Monetary Fund (IMF) in Vietnam...At the meeting, Prime Minister Nguyen Xuan Phuc appreciated the help effective, practical IMF for economic development - economic development of Vietnam, especially in the field of financial reform..." especially in the field of financial reform!! [sounds so good.] It is beyond good ...keep the faith and look at the BIG picture.
9-10-2016 Intel Guru Frank26 IMO ...The more they take loans ...The more profound is their need to RI/ RV...
9-10-2016 Newshound Guru mike Article: "The CBI expects foreign exchange reserves remain at $ 60 billion" Quote: "The governor of the Central Bank and the Agency on the Keywords, said on Tuesday that Iraq's reserves of foreign currency of $ 53 billion, and with the exception that it is in line with international standards and regulations of the International Monetary Fund, the House of Representatives pregnancy and the government responsible for the low reserve because Msadegthma on the financial budget in deficit." ...this is why I don't trust this boy Keywords. In june he's telling us that Iraq's reserves are at $53 billion and now, two months later, he's trying to tell us that Iraq accrued $7 billion and the reserves are now $60 billion.
9-10-2016 Newshound/Intel Guru BGG [does mosul have to be free of isis before a change in value?] Doesn't have to...but at the very core of all of this is world support of Iraq. They IMF, WB and UN all want to support Iraq (and recognize whatever value they eventually apply to the IQD)...but it appears they have given Abadi some very direct guidelines and "advice" on how to proceed. There is no doubt this included them putting their squabbles aside and moving on ISIS.
9-10-2016 Guest Guru Daz ONCE THE CURRENCY IS FULLY INTERNATIONAL IN SCOPE IT WILL BE ACCEPTED AND EXCHANGED ANYWHERE IN THE WORLD JUST LIKE THE OTHER 194 CURRENCIES... HANG IN THERE...
9-10-2016 Newshound/Intel Guru BGG Article: "World Bank offers to Iraq to see funding for economic development" Quotes: "Saleh added that "the World Bank between the activities targeted by the loan, is the support of the **federal budget in line with the economic reform paths and a document of reform launched by the Prime Minister..." "the loan payout after the completion of understandings with the World Bank on the road map, which is consistent with the paths of economic reforms," expected to "be executed loan to Iraq by the World Bank end of the year 2016". Zebari may well be there... but Saleh is too...Zebari could well be there trying to stay in the conversation is all...it is being reported, his dismissal is imminent...and I don't think it will cause any "DELAY" - in fact, Iraq adhering to the "reform paper" launched by Abadi and instigated...by the IMF/WB makes it appear as though this corruption clean-up may well speed things up if anything at all.
9-10-2016 Newshound Guru Aggiedad77 We know the IMF has taken to heart all that Iraq has been doing...what is it though that we have been expecting for over a month...a new governor...The IMF of course would have to bless this person...so perhaps this is the guidance they will give...bringing in a new gov...who can give the GOI a shove...in just a way to show all the Iraqi people some love.
9-9-2016 Newshound Guru mike …Shabibi worked in the Ministry of Finance and later moved into the CBI Governor position. He modernized the department, built them a new building, raised the value of the dinar from 3000-1 to 1166-1, reduced inflation from 64% to 5.2% and raised the reserves from $2.7 billion to $67 billion. Not to .....wait for it....shabby. So, what has Keywords done? Not much…Since he's been put into the Governors postion the reserves have dropped from roughly $80 billion to somewhere close to $44 billion. Comparing these two is a disservice to Shabibi. He fought corruption tooth and nail, and for that effort, he was ran out of the country on trumped up charges brought by Haitham al-Jabouri and the rest of Maliki's henchmen. Keywords is a Dawa party member who was put, by proxy, into the position he holds today by one of most corrupt members of Iraq's government.
9-9-2016 Intel/Newshound Guru Mnt Goat Article quote: “Due to security and stability reasons with the war with ISIS we are postponing the project to delete the zeros until early 2017”. Many want to know why they keep kicking the can down the road as far as the battle to liberate Mosul. They have been telling us all along that the battle for Mosul would not begin until the fall and that the target for complete liberation is by the end of the year 2016. We know that no RV will occur until ISIS is gone from Iraq. This is a FACT and they have told us so... Many also believe (as I do too) that the Iranian Kud forces must also withdraw out of Iraq as part of the security issue. Still yet many also believe that Maliki and his goons must be dealt with prior to any RV (as I am one too that believes this is true). If I remember on the calendar, the year ends on December not October as many...believe...and the government does not plan to even launch the lower denoms until Mosul it all completed.
9-9-2016 Newshound Guru Kaperoni Article: "Economy and Investment parliamentary reaffirms its support for the efforts of the central bank in the stability of the dinar exchange" Quote: "The Commission on the economy and investment representative, Thursday, to support the efforts of the Central Bank to stabilize the dinar and prevent inflation..." ...Shabibi did keep it stable and within 2% for 10 months. ...Shabibi also was about to implement currency reform. He had a huge media campaign (with the help of the WB) before Maliki stopped him. The good news this time is that it appears that the CBI, WB and IMF and the government appear to be on the same page to accomplish reforms. We can only hope that they begin soon.
9-9-2016 Intel Guru ADMINBILL PREPARE FOR A MOST EXCELLENT ADVENTURE TO BEGIN BETWEEN NOW AND TUESDAY. ACCORDING TO MY INFORMATION WE WILL BE GREATLY BLESSED SOON... THE MOMENTUM IS BUILDING. I AM OF THE OPINION CODING NECESSARY FOR BOTH INTERNATIONAL PLATFORMS (SWIFT AND SIM) ARE NEARLY COMPLETED. THIS NEEDED TO BE FINALIZED FOR INTERNATIONAL TRANSFERS. STANDBY FOR AN INTERESTING SEPTEMBER.
9-9-2016 Intel/Newshound Guru Mnt Goat Article: "ABADI NOMINATE OTHMAN GHANIMI THE MINISTRY OF DEFENSE AND MUWAFFAQ ABDUL HADI OF THE INTERIOR" Abadi did forward his nominations for the defense and interior ministers yesterday. However, parliament could not vote to ratify them since they could not muster a quorum. Also they planned to hold a no-confidence vote on the finance minister Zebari for corruption charges but this too had to postponed until Sept 20th... Article quote: "...at least some parliamentary blocs stayed away from the session in order to stymie the scheduled vote." This news did not surprise me since the Kurds are not going to allow a vote against Zebari as they see this as a sectarian action on the part of the GOI to eliminate yet another position from representation by the Kurds. Zebari is in a position that is supposed to be filled by a Kurd.
9-9-2016 Intel Guru Bruce We heard yesterday that Iraq’s financial and monetary reforms have been announced by Abadi in Iraq. This is what would serve as the international announcement that their currency is internationally tradable. Their key cards funded, pre paid debit cards can be used anywhere in the world. Some in US received key cards. We knew one individual received with back pay on his key card all the way back to January. We knew he had rate over $5. Since then the rate has gone up higher. We are in situation now we are in the calm before the storm. We know even though we don’t have specific dates and times, we can talk about or know for fact that there has been things said that indicate we are exactly at the right place at the right time...That we are truly, (based on the evidence,) at the end of the ride to receive this blessing very shortly based on evidence even through tonight. I am excited, encouraged.
9-9-2016 Newshound Guru Shredd Article: "The dollar letter of credit" Quote: "...there is no reasonable answer specific and justifiable to not to return for opening letters of credit for the purposes of import , this dollar bleeding of our credit must be curbed to stop losses at all levels." This is another good sign that compliance in cash transaction protection continues to be put in place. With these letters of credit, the banks are standing behind and guaranteeing transactions which will in turn ensure they do their due diligence to protect themselves. This adds to confidence in dealing with all banks...even the private banks.
9-9-2016 Newshound/Intel Guru BGG Regarding this conversation about them delaying dealing with Zebari in Parliament today - there were "musings" about such shenanigans being possible in the News yesterday and the day before...not out of character for them... lots of changes going on in Iraq right now...
9-8-2016 Newshound Guru mike Article: "Parliament postponed its meeting to Tuesday after the Eid al - Adha" Quote: "...the House of Representatives to hold its meeting scheduled for today, to Tuesday after the Eid al-Adha festival corresponding to the 20th of September the current." Another vacation.
9-8-2016 Newshound Guru Shredd Article: "New investment roadmap through 2017" Quote: "National Investment Commission unveiled a new map will be made public next year to implement several projects..." Outstanding progress article. It's a long road to recovery but this roadmap is exciting to see! Steps forward...steps forward!
9-8-2016 Intel Guru ADMINBILL [I still think there is a list and when all is completed on the list we go exchange...] THIS IS NOT A PLAY IT BY EAR ROLE OF THE DICE PROCESS. YOU ARE RIGHT. A STEP AT A TIME. MAKE SURE ALL WAS DONE CORRECTLY WITH THE PREVIOUS STEP THEN MOVE TO THE NEXT STEP UNTIL THE FINAL PIECE OF THE PUZZLE IS DONE. TODAY THROUGH THE WEEKEND COULD BE VERY INTERESTING. STAND BY.
9-8-2016 Intel/Newshound Guru Backdoc REMEMBER THEY SAID THEIR FOREX VALUE WOULD MEET ITS REALITY VALUE BY OCTOBER! RIGHT ON SCHEDULE! THE TWO SHIA BROTHERS [IRAN & IRAQ] WILL STAY CONNECTED TO THE HIP. REMEMBER? "THE DEAL". REMEMBER THEY LAUNCH THINGS ON THE 8TH! REMEMBER THE BUDGET WILL HAPPEN BEFORE THE 10TH! IMO.
9-8-2016 Newshound Guru mike Article: "Rasheed Bank proceed with selling the dollar for citizens" Quote: "The general director of the Rasheed Bank Rashad Khudair Waheed told / KD / that the bank began to sell foreign currency from the dollar to citizens traveling outside of Iraq." Iraqi's have been getting pounded when they buy dollars from the traders, the spread is roughly 10% or 1290-1. Now, the Iraqi's can buy the dollar very near the official rate of 1182-1 and get the MCP down below 1205-1, a IMF requirement before they can move to Article VIII.
9-8-2016 Intel Guru ADMINBILL I DO NOT BELIEVE SOURCES HAVE BEEN SILENCED SO MUCH AS THEY ARE NOT RECEIVING ANY ADDITIONAL INFORMATION THAT ADDS TO WHAT HAS ALREADY BEEN SAID. WE ARE SIMPLY WAITING FOR OUR TIME TO COME. WE HAVE BEEN IN THE MOMENT DURING AUGUST AND IT CONTINUES THIS MONTH. I CAN TELL YOU THAT THERE ARE MANY CAUTIOUSLY OPTIMISTIC AND POSITIVE THINKING INFORMATION SOURCES THAT CONTINUE TO BELIEVE WE ARE AT THE END THIS MONTH BUT THOSE THEY TALK TO HAVE LIMITED OR STOPPED COMMUNICATING THIS WEEK. [I believe it could happen either this week or next week?] OR TO MONTHS END.
9-8-2016 Intel/Newshound Guru tman23 [...the mere fact that MasterCard is posting an exchange rate (by default being international seeing that it is Master Card) is very good news. Regardless of the current rate, they are connected and accepting and posting an IQD rate on an international scale . Good news indeed (had we had news like this over the past few years we would be jumping out of our skin with excitement over the mere mention of Master Card and IQD in the same sentence.) ] WHAT IT MEANS IS THE BANKS ARE CONNECTED FOR INTERNATIONAL USE...SO 1305 HERE IN THE STATES...IS WHAT THE RATE IS...AS OF RIGHT NOW. [post 2 of 2]
9-8-2016 Intel/Newshound Guru tman23 Here in the United States are Iraqi visitors with Iraqi bank issued Master Cards which are "debit cards" AND they can go to any ATM and withdraw currency from their Iraqi bank account which the exchange rate today is 1305 to 1 USD...Master Card determines the exchange rate conversion at the time of the transaction...The 1305 is expected to be the rate throughout the remainder of 2016...That is the exchange rate MASTER CARD IS APPLYING...Iraqi's have access to their bank accounts through master card debit ...WORLD WIDE... [post 1 of 2....stay tuned]
9-8-2016 Intel/Newshound Guru Mnt Goat ...Maliki and his goons will be dealt with at the end of this ride to the RV process. How could they possibly secure all this new wealth unless they get rid of the culprits that keep stealing it. Here are some of the figures about to go down (INTERPOL investigators). Notice the timing of these investigations now that Amnesty is in the Gazette and finalized. Obeidi (former defense minister, dismissed under no confidence vote). FM Jaafari; Zebari (soon to be "former" minister of Finance...); Hammad al-Moussawi (state of law MP); Nori Al Maliki (former prime minister of Iraq). Note Maliki is on the list.
9-8-2016 Newshound Guru Shredd Article: "Dollar selling through government banks" Quotes: "CBI decided to bank processing Rafidain and Rasheed foreign currency (dollar), "for the purpose of expanding the cash sales of US $ outlets..." "...that expansion of outlets selling the dollar would reduce the speculative price levels, pointing out that the move keeps the fixed rates for the currency..." Price stability is key for moving towards a future where the dinar reigns supreme in Iraq. They've got to have this locked down before moving forward. Curbing corruption by having price controls in place will provide the safe atmosphere for future changes in rates and moving to a single currency regime.
9-7-2016 Newshound Guru Adam Montana As you probably know, we have a new Oil Minster in Iraq. (Jabbar Al Luaibi) It's my opinion that he is making much more progress towards where we want to be than the last one... this reminds me of how aggressive Abadi was when he took his spot. Again, this is a GOOD thing the news is very consistent with reporting his enthusiasm to get things done. This is a great piece of the HCL. [post 2 of 2]
9-7-2016 Newshound Guru Adam Montana No HCL yet, but there's some other interesting news... most of it I can sum up very succinctly, so I'll just go ahead and do it. - Formation of a committee to make Kurdistan independent - L.O.L. Not gonna happen, this is a complete smoke screen. As we draw closer to seeing real HCL news, which is what is currently happening, there's simply no way Baghdad or simply the other 80% of Iraq outside of the Kurdish areas will be letting this key geographical area out of their grasp! What is MUCH MORE LIKELY is we will see a continuation of the trend that has grown over the last few years - the GOI, Parliament, basically all the "PTB"s will continue to get more generous with the Kurds, and they will get a very healthy share of the future profits from both an increase in the Dinar and the enormous potential profits from a successful HCL. That WILL happen, I am certain of it... [post 1 of 2....stay tuned]
9-7-2016 Newshound Guru Aggiedad77 Article quote: "An informed, Wednesday source, about the involvement of the Minister of Higher Education and Scientific Research former Hussain al-Shahristani transactions related to the corruption of squandering state funds." Another snake in the grass that slithers with Maliki...Shahristani is getting caught in the whirlwind of investigations that are ongoing in Iraq regarding a "Who's Who" list of corrupt officials...Shahristani throws a bad light upon Iraq all the way back to his days in the Oil Ministry and with the oil contract bids stemming back to 2009 and 2010...let the boxes and boxes of files provide the proof that Abadi needs to put him away...and may the tracks from those files lead to where the money lies that he squandered away on his own...
9-7-2016 Intel Guru ADMINBILL YESTERDAYS NEWS WAS GOOD. HOPING TO SEE GOOD THINGS BEGIN TO MANIFEST THEMSELVES TODAY ON THROUGH THIS WEEKEND. SHOULD THAT NOT OCCUR I STILL LOOK TO SEPTEMBER TO BE THE MONTH OF CHANGES FOR MANY REASONS...
9-7-2016 Intel/Newshound Guru Mnt Goat Recently we have seen two articles just within the last couple weeks from Dr Shabibi stating the Maliki stole money from the CBI and why he was falsely accused of crimes within the CBI. Why now all of sudden these articles? What is about to happen in the CBI? Why Ayed Allawi too coming out with his negative statements about the current CBI administration? I will tell you why (read my lips!) DR SHABIBI IS COMING BACK TO THE CBI!
9-7-2016 Newshound Guru rcookie [...saw 2017 budget approval. Is that it now or does it need further discussion and approval?] NO..THAT IS THE AMENDED 2017 BUDGET LAW WITH ALL IMF SBA REFORM REQUIREMENTS... READY AND WAITING...
9-7-2016 Intel Guru Bruce The CIPS system is a brand new system hooked up to a super computer in China and also it us hooked up to two new satellites that China put up. We have the CIPS system and the IEX system, internationally exchange system. Connects all the trading platforms around the world, various exchanges hooked up to the IEX now. The CBI did connect to the IEX and they did post their new rates to that system which we understand the banks have a few days ago. The banks were showing those rates. I don’t know the new rates are, but substantially higher than they were previously. Our turn is just about here. We are in good shape...any day now. I really don’t think we will go beyond this week. We are in high expectation.
9-7-2016 Intel Guru SteveI Article: "Training staffs in preparation for the launch of loans" Quote: "The Central Bank has allocated nearly 6.5 trillion dinars for lending to projects." There is sure lots of great news articles this week. [Really trying hard not to get excited. It's like that roller coaster when you're climbing to the top of the first hill and your tummy starts getting "butterflies" in anticipation...] I feel like you...close to the top with lots of excitement. Now all we need to get Mosul done with great days ahead.
9-7-2016 Newshound Guru rcookie [they were talking about putting Amnesty law in the Gazette in a day or 2... they are holding it off?] YES...SO RATHER THAN RESCIND THE ENTIRE LAW...THEY ARE ADDING AMENDMENTS PRESENTED SEPERATELY AND THEN WILL POST NEW LAW WITH AMENDMENTS IN GAZETTE...
9-7-2016 Intel Guru Dr. Clarke Quick story, and we've never related any stories, till now: Last week, I spoke to a Divisional Exec. VP, at one of the Top 5 Banks in the U.S., about what their internal process is looking like, right now. Answer: "We've been moving key, specially trained Wealth Management-Type Personnel, new & old, around to areas where we know lots of new opportunity, wealth and investment will soon present itself. Some of these people, have even moved across states, for these new opportunities. We've geared up professionally, for the upcoming events, and especially for our Top Tier Clients, existing and future. Everything is in place and we're waiting for these new opportunities to emerge shortly."
9-7-2016 Intel Guru Frank26 ...keep a close eye on Mosul, after Thursday. Alak's missed steps are coming into focus be ready for some good news later in the month regarding stability and security. Watch CBI actions not the words spoken by others...not the RV but that of which surrounds it.
9-19-2016 Newshound Guru Islandg1211 Today's HCL article is of interest IMO because Abadi is pointing out that there does not need to be a new HCL law, but just AMENDING the old law. Good point Abadi, it will take less time to get it done and implemented. The TIMING of Abadi's statement today, (as he kicks off his meetings with Obama and the UN), to me, is also of importance when looked in conjunction with today's article referencing the U.S./Iraq/Kurd meeting finalizing the agreement with Barzani on Mosul. IMO, that meeting didn't just cover the military plan for invasion of Mosul, but included post-Mosul plan - meaning the plan for Mosul's oil share for the Kurds. That's just my opinion, time will tell what the agreement is. There can be no HCL, IMO, without an oil agreement with the Kurds over Mosul. [post 1of 2....stay tuned]
9-19-2016 Newshound Guru My Ladies THE GCR IS NOT THE TOSS OF A SWITCH BUT A LONG PROCESS AND WE HAVE STUDIED AND CAN NAME TO DATE 53 COUNTRIES THAT HAVE RESET THEIR CURRENCY TO REALITY SO FAR. IRAQ WILL FOLLOW EVERYONE ELSE...WHAT WILL IT RESET TO? I DO NOT KNOW AND NO ONE DOES. IS THERE AN IN COUNTRY AND OUT OF COUNTRY RATE? NO NOT AT ALL THAT IS NOT POSSIBLE EVER EVER EVER, WHERE THE CONFUSION COMES IN IS THAT IRAQ AND MANY COUNTRIES HAVE 2 RATES THERE IS THE OFFICIAL RATE THAT WE SEE ON THE CBI WEBSITE AND THERE IS A RATE ON THE PARALLEL MARKET... I WANT YOU ALL TO KEEP THE FAITH BUT LET GO OF THE...THINGS THAT DO NOT MAKE SENSE. I ASSURE YOU THERE ARE NO SECRET SOURCES ANYWHERE THAT ARE VALID. IRAQ WILL FOLLOW THE REST OF THE GLOBE IT HAS LITTLE CHOICE. HOW MUCH LONGER I’M NOT SURE BUT I AM SURE IT WILL FOLLOW EVERY OTHER COUNTRY. HANG IN THERE A BIT LONGER. [post 3 of 3] [more to come...]
9-19-2016 Newshound Guru My Ladies I BELIEVE AND ALWAYS HAVE IN LOGICAL MATH AND BANKING AND THE WAYS OF THE GLOBAL FINANCIAL SYSTEM. NOW LOOK IRAQ IS NOT IN A VACUUM OK? THEY NEED TO FOLLOW THE SAME LAWS AND PROCEDURES AS THE REST OF THE GLOBE. IF THEY EVER HOPE TO DO BILATERAL TRADES IN THEIR OWN CURRENCY THEY WILL NEED TO CREATE A DEMAND AND A TRUST FOR THEIR OWN CURRENCY. RIGHT NOW IRAQ IS WORKING VERY HARD AND QUICK TO PLUG INTO THE REST OF THE GLOBE. THEY ARE WORKING TO GET THEIR SYSTEMS CONNECTED AND THE CONFIDENCE THAT IS NEEDED TO CREATE A DEMAND FOR THE DINAR. [post 2 of 3....stay tuned]
9-19-2016 Newshound Guru My Ladies WE NEED TO WAIT ON IRAQ TO BE FREELY TRADING AND ON FOREX IN A BID/ASK CAPACITY, NOT A BUY/SELL WHICH IS WHAT IT IS ON THE CBI SITE NOW. IN MY OPINION THAT MIGHT NOT BE TOO MUCH LONGER OF A WAIT. I WANT TO TALK ABOUT THE IEX... I SPOKE WITH Sxxx OVER THERE TODAY...THE IEX HAS BEEN TRADING SINCE OCTOBER 25TH OF 2013. HE TOLD ME THAT THE IEX HAS NOTHING WHAT SO EVER TO DO WITH CURRENCY, DOES NOT TRADE CURRENCY AND ONLY TRADES U.S. SECURITIES. HE WAS ALSO SORT OF SURPRISED TO HEAR THAT THE COMPANY WAS BEING WRITTEN ABOUT IN SUCH A MISDIRECTED WAY. THIS IS NOT MY OPINION THIS IS A FACT THAT IEX HAS NOTHING AT ALL TO DO WITH THE IRAQI DINAR NOW AND NEVER WILL. THEIR LICENSE WITH THE SEC RECOGNIZES THEM AS OF A JULY 17 2016 AS AN OFFICIAL STOCK EXCHANGE AND THAT IS HOW THEY CONDUCT THEMSELVES. ANYTHING ELSE OR CURRENCY SPECULATING WOULD BE A DIRECT VIOLATION OF THEIR LICENSE. FOLLOW THE FACTS AND CONTINUE TO LOOK TO FOREX WHICH IS A 5 TRILLION DOLLAR A DAY PLATFORM. WHEN THE DINAR PLUGS IN AND TRADES INTERNATIONALLY YOU WILL SEE IT THERE. [post 1 of 3....stay tuned]
9-19-2016 Intel Guru Dr. Clarke [...you talked about and were positive the RV would happen the last week in September with the pay-out first week in Oct. I sense you are backing tracking in this recent post and your mention of looking at Summer of 2017. What gives?] We’ve never said it would occur in 2017. THEY DID...it could go into October, November, December and even 2017……maybe 2018, 2019. But, we JUST DON’T THINK SO, AT ALL…..we’ve been saying the last week of SEPTEMBER - 1ST week of OCTOBER exchange, since January of this year, FOR A REASON. ...we think there will be much more clarity soon, in the popular & familiar words of Iraq: “In the Coming Days”. These things are NEVER broadcasted ahead of time, friends...You have a BIG advantage, and are ahead of the game, just by being here on this site, and soaking up all the information...ALL OF IT. You have a Front Row Seat.
9-19-2016 Intel Guru ADMINBILL ONCE AGAIN MONDAY MORNING FINDS THE SS DINAR BECALMED AT SEA. BUT, NOT TO WORRY, THERE ARE HIGH WINDS AND FOLLOWING SEAS IN THE FORECAST AS YOU SAIL TO YOUR DESTINATION. YOUR AROUND THE WORLD CRUISE HAS TAKEN FAR LONGER THAN IMAGINED DUE TO UNSCHEDULED PORT VISITS AND BREAKDOWNS AT SEA BUT IT APPEARS YOUR BOAT IS FULLY SEAWORTHY AND SET TO END YOUR LONG CRUISE AT LAST... PROVIDED THE WEATHER CONTINUES TO HOLD.
9-19-2016 Newshound Guru rcookie Article: "Abadi will meet on the sidelines of the General Assembly meetings of Obama and a number of prominent leaders and the heads of the world" Quote: "...the prime minister left for New York City to attend the annual meetings of the General Assembly of the United Nations, pointing out that Iraq Abadi, will deliver a speech during the meetings of the General Assembly..."
9-19-2016 Newshound/Intel Guru BGG [I believe they need to tweak the Investment Law still...any thoughts on that and any other pertinent things they need to get done?] I think they are close on that... I doubt the HCL is all that important... the reason Maliki keeps bringing it up - he feels like, if he can make it a leading issue, it is divissive enough to keep everyone arguing for years. He would be "safe in the chaos" for a long time. Not gonna' happen.
9-19-2016 Intel/Newshound Guru Backdoc REMEMBER, IRAN SAID, THEIR FOREX VALUE WOULD MEET ITS REALITY VALUE IN OCTOBER SO WE ARE EXTREMELY, EXTREMELY CLOSE. ITS SHIA BROTHER [IRAQ] WILL LEAD THE WAY. THE REALITY VALUE WILL BE DIGITAL ON THE IEX. I'M SURE DR. S [SHABIBI] HAS HIS TRIGGER MAN PRACTICING FOR THE GLOBAL RELEASE BUTTON! THIS IS REALLY GETTING TO THE EXCITING PART OF THIS REALITY. [post 2 of 2]
9-19-2016 Intel/Newshound Guru Backdoc IT APPEARS THAT THE BUDGET WAS LAUNCHED ON THE 8TH AS ALL IMPORTANT THINGS ARE. ALTHOUGH ACTION NEEDS TO BE TAKEN IN 10 DAYS, IRAQ HAS DONE ALL THEY CAN DO UNTIL PERMISSION IS GRANTED BY THE U.S.T.! ABADI WILL GET THAT MONDAY. I'M VERY OPTIMISTIC THAT BY FRIDAY WE WILL SEE SOMETHING SPECIAL ON THE IEX, IF IT IS ALLOWED TO TRADE. DON'T LOOK FOR THIS ON THE FOREX, IT WILL BE ON THE IEX. SO UNTIL THE IEX TRADES, I BELIEVE WE ALL WAIT. [post 1 of 2....stay tuned]
9-19-2016 Intel Guru Bluwolf Ok folks, nothing has changed, all seems to be intact and that is good....both the GCR and RV'S are on a specific timer (it has a day and a time). So we still need to wait till this timer runs out...
9-19-2016 Newshound/Intel Guru BGG [ i been seeing the word exchange rate in alot of articles recently, if that has anything to do with anything gearing up for something?] Long story short...it is OBVIOUSLY on their minds. TOTALLY AGREED!! SOMETHING IS UP!!
9-19-2016 Intel Guru Dr. Clarke It is our belief and opinion, that the Iraq Dinar and the Vietnam Dong, will both, significantly increase their “in-country” rate and their “out-country” exchange rates, relatively close in time, to one another, with a very high probability of happening at the exact, same time. ...VN’s been ready for quite some time & wanted to move, but advised to “sit a little longer”...Iraq has (behind the scenes & quietly) moved quickly on a few things, and ISIS (Security) is where they want it (and a few other things), Iraq can move - and with VN, as well. This next 8 DAYS is what we’ve been looking at ALL YEAR, according to “Plan”, SINCE JANUARY...If something snags this week, we’ll know it by OCT. 1...but until then, everything is set to move. Our eyes are fixed squarely on the last week of SEPTEMBER...
9-18-2016 Newshound/Intel Guru BGG if one just takes cursory scan... they (Iraq) don't look all that ready to join the WTO...HOWEVER, in light of this recent aggressive response to IMF guidance - it may well be they are RIGHT SMACK DAB in the middle of learning how to act right!! Which, IMHO - is the most important element of them getting "world" support, re-entrance and acceptance!!
9-18-2016 Newshound Guru mike Article: "The dollar stabilizes at 1295 dinars" Iraq should exchange all dinars/dollars at the 1200-1 rate for everyone. The state banks are all over Iraq, if they gave a better rate universally, it would level the playing field. ...anything less than 1205-1 satisfies the Article VIII requirements of the IMF.
9-18-2016 Intel Guru Dr. Clarke Everything is right on schedule. UN meetings this coming week (exactly by design), to Finalize, Validate & Move...It is our belief and our opinion...that this Wed., Sept. 21, is a key date to see what happens immediately thereafter. Next weekend, predominately Sunday, Sept. 25 & Monday 26th, are BIG dates, as we head to the 30th...So far, everything that is within “The Plan” is, and has been coming to fruition. The UN meeting this week is huge, and we have to tell you, if there’s a delay on into the near future, before Iraq significantly increases their Dinar currency rate of exchange...it will be because of what happens at this UN meeting. Right now, as we speak, everything is set to move.
9-18-2016 Intel Guru ADMINBILL I WOULD LOVE TO SAY WE ARE THERE AND EVERYTHING I AM BEING TOLD INDICATES THAT IS THE CASE. BUT WE ARE NOT. AT LEAST NOT YET. WHEN? I WISH i COULD TELL YOU. TODAY? THIS WEEK? THIS MONTH? THIS YEAR? NEXT YEAR? THOSE ARE THE QUESTIONS THAT ARE HERE FOR US EVERY MORNING THERE IS NO RV. WE ARE HEARING LOT'S OF INFORMATION YET NOTHING CHANGES. ONCE AGAIN LET'S SEE WHAT THE DAY BRINGS.
9-18-2016 Newshound Guru wmawhite Newshound Guru quotes: “we now know 3 things are now FACTUAL and see these FACTS in writing from the CBI:” “Iraq does need the IMF’s permission to RV” My response...! Wrong...not so! We do not know that as fact! Show me! Where has the Central Bank of Iraq or the IMF has ever made such a statement? Quote: “Iraq CBI needs to increase their reserve of hard currency now sitting in the CBI. It now is almost cut in half from what it was in 2012.” My response...! Wrong...not so! We do not know that as fact! Show me! Where has the Central Bank of Iraq or the IMF has ever made such a statement? My response...! Two years ago the reserves were at $80 billion and what was the value of the IQD? Answer; 1166. Quote: “the legislative track and other issues also have an impact on the exchange rate (so it appears Iraq does need some mandated laws...” My response...! What?! What is a “mandated law”? None of these statements made by this News Hound/Guru is in writing from the CBI. NONE. [Reference Intel/Newshound Guru Mnt Goat post 9-17-2016]
9-18-2016 Newshound Guru Aggiedad77 Article: "Kurdish source: Washington got a pledge from the leaders of the political blocs to postpone the withdrawal of confidence from Zebari three months" ...IF...we are so close to some "event" happening...it wouldn't make sense to try a new recipe to bake a cake would it...that to me makes perfect sense with Zebari as well... Here we stand on the precipice that ledge...the skinny and narrow ledge where a step of faith is being required...why make that step with an unknown... Zebari may not be an angel...but he has the knowledge...he knows the numbers...he understands the workings of what is expected to kick their Monetary Reform into full gear...warp speed...Anyone one else would have to review the recipe and make sure the ingredient are to their liking...remember the IMF is telling them NO MORE DELAYS...get 'er done boys...The US has the clout to keep Zebari right where he is and they are playing that card to keep the steam in the engine...leave the recipe alone the US is telling Abadi to tell the rest of the GOI...make this cake so Iraq can rock the world...by November...
9-18-2016 Newshound/Intel Guru BGG [...IMO the interest for us now is only the intro of new currency and how they will treat the existing 3 zero notes...] no need to be concerned about how they treat the 3 zero notes... they are worth a Dinar and will still be worth a Dinar once they make the change...
9-17-2016 Newshound/Intel Guru BGG According to economists - once they are internationally integrated - their currency priced right, investment laws are properly amended and internationally accepted - THEY WILL GET HIT WITH A WALL OF INVESTMENT MONEY... (their actual words). When this happens - they will be a lot less dependent on oil income...far more diversified. [...the IMF is in charge. What say you?] I agree... and they seem to be responding. I really think all of this is part of "the financial reform"... no doubt. ...unlike in previous regimes - there is no stall here... it's all GO, GO, GO!! [post 2 of 2]
9-17-2016 Newshound/Intel Guru BGG Article quote: "...the willingness of credit with the international Monetary Fund by which it agreed to grant Iraq a financial loan of $ 5.3 billion agreement..." ...their whole budget relies entirely on oil - everything you see in their budget is their whole oil production... their everything rises and falls on oil production and oil prices. ...this loan is just a vehicle to get the IMF and "world support" on board... two things they really need...1) IMF oversight and a demonstrated ability to do as they are told... 2) international acceptance... re-integration with the world economies. #2 won't fully happen without #1...AND international acceptance in every way. This includes an internationally priced and accepted currency... [post 1 of 2....stay tuned]
9-17-2016 Intel/Newshound Guru Mnt Goat So the good news, if any, is that we now know 3 things are now FACTUAL and see these FACTS in writing from the CBI:
· Iraq does need the IMF’s permission to RV
· Iraq CBI needs to increase their reserve of hard currency now sitting in the CBI. It now is almost cut in half from what it was in 2012.
· the legislative track and other issues also have an impact on the exchange rate (so it appears Iraq does need some mandated laws...) [post 3 of 3]
9-17-2016 Intel/Newshound Guru Mnt Goat There is an effort now under way to recover nearly 60 billion that has been stolen from the CBI reserves and from the treasury on falsified contracts and other corruptive measures. The CBi reserves could literally climb over night to 2012 levels very quickly and as it could be months and not years and this would bring us to early 2017...we know they will not issue this 100,000 note until after the RV occurs and it is never going to be used on the streets of Iraq as it is intended for inter-banking transactions only. This we know as factual. So it could be many months or even years before we see this note. But I don’t think longer than months since common sense tells us they were in a budget crunch and so why spend so much money and tie up so much money getting this new note designed and printed now if they did not intend to launch it soon. [post 2 of 3....stay tuned]
9-17-2016 Intel/Newshound Guru Mnt Goat Remember back to 2012 when the then head of the CBI Dr Shababi was going to RV the currency. We know this is FACTUAL since he told us in an article last year that Iraq missed an opportunity since the IMF gave them permission to RV at that time. He also said that he has the reserves at over 80 billion. So we must go by what we now know. We now know the CBI reserves is somewhere around $52 billion since Maliki and his goons raided the coffers along with the currency auctions to sustain the economy since Maliki left only 500 million in the treasury when he parted from office and Abadi took over. [post 1 of 3....stay tuned]
9-17-2016 Newshound Guru mike [ I often wonder if Shabbibi was her for dinner and I got the absolute strait skinny if I'd be compelled to dance on the table or cry in my napkin.] So, if you had Shabibi over for dinner you'd probably start out with a good cry, Shabibi had a plan and all he needed was political and economic stability, something Maliki and the Dawa party did not want. I'm betting that with political and economic stability you'd be up on that table dancing the jig in no time. Iraq is it's own worst enemy, even now they just removed Obeidi, the Minister of Defense right before a major offensive in Mosul. Now they're going after Zebari, the Minister of Finance right before they have to submit a budget in October. Maliki, Allawi and Haitham al-Jabouri are creating havoc, again, to stop progress and maintain the status quo.
9-17-2016 Newshound/Intel Guru BGG Article: "Saleh: Iraq has implemented all the conditions of the International Monetary Fund!" Interesting to hear this kind of bluster from Saleh...We haven't seen the absolute proof - but sounds like they are headed the right direction.
9-17-2016 Intel Guru Frank26 [Have Iraq banks completed request by the CBI to electronically comply by September...?] ...yes IMO...yes the banks of Iraq are set to make loans to citizens...to give out credit cards...to open up accounts...to help investors that are going to be coming in...electronically they are advanced...yes they are ready...but it is useless...it is all useless until they raise the value of their currency.
9-17-2016 Newshound Guru Kaperoni Their is no revalue, only a gradual appreciation over time. This event is not specifically about the dinar, its about creating a sound stable banking system and as a result an investment climate for global investors to rebuilt Iraq. Getting Iraq's banking system into Article VIII is the key...here is a quote direct from the IMF..."Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate."
9-16-2016 Newshound Guru mike ...this ride has been going for so long now folks get confused about the note count. The Finance committee said in 2014 that Iraq's current note count of roughly 4 billion notes would be reduced to roughly 1 billion once the value was raised. I can't see any way for them to reduce note count until they raise the value...
9-16-2016 Intel Guru Frank26 I feel good about what they have done last week in that meeting [IMF?] and...they are going to have continued negotiations going into November...September, October and part of November...and I hope that maybe when they come back from this holiday...they come back around the 18th I believe...I think they are going to come back with a lot of news...a lot more information...more transparency...what did we say...once they give you Fallujah...transparency of the Economic Reforms...you see it...what did we tell you the moment they give you Mosul...the transparency of the Monetary Reform...and when they come back we are going to have a plethora of information about the Monetary Reform...more talk from the CBI….more talk from Dr. Shabibi...IMO...
9-16-2016 Intel Guru ADMINBILL THE INFORMATION I AM GETTING IS SKETCHY AND WITH NO RESULTS IN THE END. IT IS NOT THAT THE SOURCES THAT PROVIDE THE INFORMATION ARE WRONG, THEY ARE NOT GIVEN THE COMPLETE PICTURE. I HOPE TO HAVE MORE TODAY. AFTER SO MANY GOOD REPORTS LAST WEEK THIS WEEK HAS BEEN SOMEWHAT DISAPPOINTING. LET'S SEE IF IT CHANGES TODAY.
8-16-2016 Intel/Newshound Guru Mnt Goat Eid is now over and parliament sessions returned on Thursday 9/15. Two major items we waited for was 1) the outcome of Zabari’s (finance minister) parliamentary vote on confidence and 2) the vote on the oil and gas law (HCL). ...I am talking to some really high up officials in the Iraqi government, the IMF and in the USA who are telling exactly what is needed and at what level of performance they expect from Iraq. ...They need an oil and gas law (HCL) passed in parliament before any turn-on of their currency to international markets. They even told us in a recent article this week that any significant increase it the value of he dinar is dependent on needed legislation. I quote from the article below – “the legislative track and other issues also have an impact on the exchange rate”...this article confirms that an oil and gas law is required.
9-16-2016 Intel Guru Bruce The rates are showing live on screens. The IEX is fully functioning ready to go. The CBI is connected of course already to the IEX and it is prepared for a rate adjustment to take place. We think since it is already hooked up, we are expecting this to occur. Regarding rates, we know the rates have been going up slightly. We are going to be in great shape in that. It is an important time for us and we are excited where we are...It is so close to receive this blessing. [post 2 of 2]
9-16-2016 Intel Guru Bruce ...having the triple witching hour of the stock market happening tomorrow [Friday] is very important in terms of settling the stock market. The stock index futures, stock index options, stock options, all 3 areas need to settle in tomorrow’s [Friday's] market. They need the liquidity to settle all that. That should occur but needs a lot of new liquidity in the system. That maybe the trigger for this to go by that time. That is what we are trying to say with the triple witching hour. It happens 4 times a year. So far today [Thursday] , we know that the market are open and active available to trade. The faucet turned on so to speak all is running as far as liquidity point of view. [post 1 of 2....stay tuned]
9-16-2016 Intel Guru Frank26 [are they on track for the fiscal RI...?] Yeah... and I think when they come back we are going to learn more about that...not so much about the budget but more about the Monetary Reform which would lead them into the fiscal part...into the RI for us...the Monetary Reform...once they lift the value of their currency...their currency is ours to take for a ride up an escalator in value...a dinar will always be a dinar in the country...but outside the country whatever currency it is exchanged for...well that can be a different story.
9-16-2015 Newshound Guru Enorrste ...the IQD will be destroyed as they come in over time. It will take some time to reduce the money supply from 40 trillion dinars to 40 billion dinars. As this is done the value will increase. It must be done incrementally to avoid a liquidity crisis. With respect to the 50K notes they did NOT increase the money supply. They were issued in exchange for 25000 notes so it was an even exchange. The 25000 notes are either being held at the CBI (thus not part of the money supply, just as any new money held there is not part of the money supply until it is issued) or it has been destroyed. The slight rise in the money supply is caused by the CBI in order to maintain liquidity and has nothing directly to do with the 50K notes. ...the 50K notes have done their job: hence, no need for the 100K notes. That job was to initiate the removal of the 25K notes from people's mattresses. It will be excelerated by the offer of the dinar at 1200 per dollar through these major banks.
9-16-2016 Intel Guru Frank26 [Do you think Frank that Iraq is going to meet the window that the IMF is giving them in the Arabic side of the CBI I believe November...?] Well again I don’t know...that is what we are hoping for...but we will learn more about that status when they come back around the 18th...you think they are on vacation...you think they are celebrating Eid...no...no...they are working like dogs...because they cannot afford to bite the hand that feeds them any longer.
9-16-2016 Newshound Guru Kaperoni Article: "Parliamentary Finance calls to control the rate of the dinar against the dollar" I will say it again...Balassa-Samuelson effect. Once they accept Article VIII (they have to stabilize the exchange rate, spread and meet other conditions first), they then will float the dinar to counter inflationary pressure created by the influx of investment and investors. This will cause the dinar to appreciate in value. It will not happen overnight, but it will happen gradually. With the introduction of the 50, 100, 200 planned for early 2017, we can hope that the dinar will be worth .10 cents by then.
9-15-2016 Newshound Guru Enorrste I might add one more point: by using this strategy the need for the issuance of the 100,000 dinar note is eliminated. Originally this note was going to be introduced so that the 25000 dinar notes hidden in mattresses could be drawn out. However, that is only a false ameliorative, since those 4 25000 dinar notes would still be replaced with another dinar note (although larger). However, through this new strategy of exchanging dinar at 1200 per dollar the large 25000 dinar notes can be drawn out of the mattresses WITHOUT replacing them with other dinar notes, thus allowing a direct reduction in the money supply. [post 3 of 3]
9-15-2016 Newshound Guru Enorrste As the dinars in mattresses are removed and sent to the CBI through these major banks they can be destroyed, thus allowing the CBI to reduce the money supply. Remember, they have to reduce it gradually as the value of the dinar rises. The reduction is enormous, from 40 trillion dinar to 40 billion dinar. This is a part of the mechanism that will make this possible. If the dinar in mattresses do not come out then the float cannot begin or, if it does begin, there will not be enough upward pressure to raise its value UNTIL the mattress money is removed. Thus this move by these two major banks (initiated by the IMF) will help to kick-start that removal process. [post 2 of 3....stay tuned]
9-15-2016 Newshound Guru Enorrste Article: "The central bank determines the sale of $ 5000 for citzens across the bank Rafidain and Rasheed" If these two major banks are now selling the dinar at 1200 per dollar what do you think will happen in the short term, especially since the street rate is 1290 per dollar? The answer is two-fold: first, this will put downward pressure on the street rate...to bring it in line with the official rate, or at least within 2% of that rate (a requirement of the IMF for entry into Article VIII); but secondly, and this has not yet been mentioned, the lower 1200 per dollar rate will quickly draw in large amounts of dinar from the mattresses of those who were frustrated because the street rate was so low compared to the official rate. This is the secondary but extremely important factor that will be necessary in order to move to a float. [post 1 of 3....stay tuned]
9-15-2016 Intel Guru Delta I have some information about the IMF meeting with Iraq...it looks like we might have a window for the date of the currency reform or basically the revaluation of the dinar...I just read it in Arabic...there seems to be a window that the IMF has given Iraq...they told them you have to finish the Monetary Reform of your currency...the internet is not seeing this in Arabic...it says in Arabic they told them to finish the Monetary Reform...and the Economic Reforms before November...
9-15-2016 Intel Guru Frank26 ...the information that is on the CBI website in Arabic makes it very clear...[Guru] DELTA translated it for us...and it said very clearly...at this meeting the IMF told Iraq...look you’ve done these things...but you have not done two things...if you want your loans...and that is what...articles are backing it up again...if you want your loans so you can complete your Economic Reforms...do the Monetary Reform...if not...IMO we will come in and we will do everything.
9-15-2016 Newshound Guru mike I will say there will be a deeply impactful and profound change when the dinar does increase in value, even if it only goes up to a quarter. That's a 25,000% increase in the value, it's nothing like the small and incremental ups and downs of the USD. Can you imagine what would happen if the USD suddenly increased in value 25,000% percent? Think about it this way, even at a quarter, 40,000 dinar will buy you a nice meal in good restaurant in Baghdad, after the raise in value, an Iraqi will be able to buy a Toyota pickup. That's a massive difference. What if that same Iraqi instead takes his 40,000 dinar to Jordan or Kuwait? Heck, he's staying in the poshest hotels and eating the finest falafels he can find. Not only will Iraq feel the increased purchasing power of the dinar, but the whole world will experience it as well...IMO... [post 2 of 2]
9-15-2016 Newshound Guru mike [...if I was going to raise the value of the Dinar, how would I get all the excess Dinar to come back to the bank so I would not have to pay out so much money when it revalues? Lower the Dinar value several times, causing people to panic and cash in their Dinar for the dollar. After the massive exchange happened, then RV! Am I thinking wrong, crazy, or brilliant?] ...they're already making the dinar less desirable, heck, Iraqi's are trading it for dollars at a 10% loss off of face value. ...No one really wants the dinar to start with, other than Iraqi's, but even they want the dollar because they can buy Turkish tomatoes and other imports with it. It's just my opinion, but there's no grand conspiracy to create false illusions about the dinar so they can "pull in as much as possible" before they RV, that's just something...made up. The IMF has told them repeatedly they need to remove the exchange restrictions and reduce the MCP to 2% or lower, there's never been a word whispered about reducing note count etc. until after the dinar revalued, then they were going to reduce the note count from 4 billion notes to around 1 billion notes. [post 1 of 2....stay tuned]
9-15-2016 Newshound Guru Kaperoni Article: "Rasheed Bank proceed to sell the dollar for travelers dinars 1200" This should quickly reduce the spread to within 2% as others follow to compete. Again, the CBI is trying to get in compliance. This is great news to meet the IMF directive in the SBA.
9-15-2016 Intel Guru Jester I THINK I HAVE TOLD YOU BEFORE THAT THERE WOULD BE A PROGRESSION OF EVENTS RATHER THAN A SWITCH FLIP...THEY WILL NOT LIKE TO LET EVERYONE KNOW WHAT IS GOING ON MORE THAN ALREADY DOES...A FEW MORE UNDER THE RADAR THINGS LOOK TO BE LINING UP...THIS MIGHT TAKE A LITTLE WHILE TO ROLL THROUGH...THE IMF AND WORLD BANK SEEM TO BE A LITTLE BUSY WORKING FOR THE AIIB APPARENTLY...GETTING A FEW THINGS DONE IN THE BACKGROUND PREPARATION...APPARENTLY THOSE CONTRACTS ARE ALL READY TO ROLL… WHICH IS HOW THEY ACTUALLY LINED UP THE STUFF THEY LIKED TO HAVE...WHICH ALSO IS THE REASON THEY DON’T NEED US SO MUCH NOW...BACK IN THE DAY BEFORE ALL THE OVERPRINTED DINAR WAS BROUGHT FORWARD...OUR POSITION WAS MUCH BETTER AND IN DEMAND...
9-15-2016 Newshound Guru tlm724 [...does the B- rating concern you about our investment?] I think it's a good rating and that rating is appropriate for Iraq given the current circumstances. Money is the incentive and Iraq will do whatever is needed to keep those funds moving and comply with the SBA. Finch is showing us that they are indeed flexible with this rating and it's essentially up to Iraq to make the needed improvements... Security is improving with the march on to Mosul. IF they actually reach a firm and implemented agreement with the Kurds with full participation from both sides this will increase their rating also. All in all Iraq is on the right track.
9-15-2016 Newshound Guru Kaperoni So we can see here that the CBI is doing exactly what the IMF dictated. And they are moving closer to accepting the obligations (don't know the date) of Article VIII. Which we all know Article VIII is the "key" to make the dinar internationally convertible and as a result would remove the dinar from the peg at that time and allow it to float. IMO, they are moving towards the goals of early 2017 (remember the 3 notes the CBI wants to bring out!) Gotta love the line...."Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community" It really is fantastic news because the IMF is not going to let the CBI and banking system stay closed to the world much longer. The plan is in action. [post 2 of 2]
9-15-2016 Newshound Guru Kaperoni this should get us all excited...From the IMF SBA...: "The authorities will gradually remove remaining exchange restrictions and multiple currency practice (MCP) (MEFP, 14). Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.9 As a first step, the Council of Ministers will approve and introduce to parliament an amendment of the Investment Law, or the CBI will issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction (SB, Table 5), as recommended by a recent technical assistance mission of the IMF. As a second step, the CBI will increase the sale of foreign exchange for valid current exchange transactions on the official market in order to reduce the spread between the official and parallel exchange rates (10). In particular, the CBI will, by the end of 2016, make the weekly limits on the purchase of cash at the weekly foreign currency auctions indicative, in the sense that any bank requiring additional cash for legitimate travel expenses for its clients will be able to obtain the required amount above these limits on the basis of appropriate documentation." [post 1 of 2....stay tuned]
9-15-2016 Newshound Guru Adam Montana [Does the Fitch rating need to get better before Iraq could RV, or would an RV increase Iraq's Fitch rating?] I did see that Iraq was given a B- or close to that recently? Over the last few years they have maintained a very consistent and very good quality rating, which tells us that they are pulling forward consistently. That's better than what a lot of other countries have done! Just another reason to hang tight and root them on.
9-15-2016 Newshound Guru Shredd [...does the B- rating concern you about our investment? And does the rating have to improve to have the significant increase we're looking for?] Not at all. Increasing the rating will take significant time and impacts the interest paid on sovereign loans. That said, because of the tremendous support Iraq continues to get, such as the soft loans, this is not having much of an impact.
9-15-2016 Newshound Guru Kaperoni Article: "IMF thank Iraq on "fruitful cooperation and candor," the first revision of the standby credit agreement" I just love how the IMF works. It is clear, the SBA was the roadmap. And these subsequent meetings in Jordan check progress before the next installment loan. It is very obvious, the CBI was behind on the conditions the SBA "plan" had for the banking system. So they get their orders and return to Iraq and have 30 or so days to get caught up before the next October meetings.
9-14-2016 Newshound Guru Adam Montana [Just to clarify things again. I thought an HCL law passage was or is not a factor into any implementation of an RV.] It's not "mandatory", but I place it high in my personal opinion of catalysts for the RV. [In your opinion, do you feel that in this end 1/4 of October Iraq will pull the RV trigger or do you feel it will be in 2017? I'm in the camp of 2017.] I won't give a date, but I've made it clear that I'm positive for progress in the coming weeks/month. [Do you think most of will actually live long enough to see an actual RV?] Yes.
9-14-2016 Intel/Newshound Guru Mnt Goat Won't all the hedge funds and investors scoop up the currency and cause a rush on it? Yes - I am told this may happen and the rate could go very high over a period of time. The float, however, will be a "fixed" float meaning it will have a limit. They are not telling me the limit as it is sensitive information...of course. But we did hear Dr Shabibi say in the past that the IQD could sustain up to a value of $16 USD per dinar. This is all we know as FACTUAL and so I will not spread any rumors, hype or speculation on the future value of the dinar. No Rumors, No Hype, just the FACTS, as always! [post 2 of 2]
9-14-2016 Intel/Newshound Guru Mnt Goat ...THE ECONOMIC AND FINANCIAL REFORMS ARE ALMOST ALL COMPLETED... I am still on the path of window from Sept 1st 2016 to January 2017 to see a significant rise in the value of the IQD. I firmly expect to see between now and January to see the launching of the lower denominations (but no coins yet). When the CBI does launch the new notes (lower denominations) the IQD value will not change. I repeat will not change and the swap (or exchange) by the citizens within Iraq will be a 1:1 meaning the value will be a swap of 1 dollar value for something worth one dollar value. I am being told by my CBI contact that if all goes according to plan we can expect a 90 cents to $1.17 USD rate change within a couple weeks after the newer notes are launched, but only when it is launched AND finally moved to the international exchanges. At this time the plan now is that the currency will be on a float and will no longer be stickily pegged to the USD (as it is today). Instead they plan to move it to a "basket of currencies". [post 1 of 2....stay tuned]
9-14-2016 Newshound Guru Adam Montana Not much to report today in Iraqi news or Dinar progress, but I kind of expected that. ...I'm leaning on October to be a big month in our news. My primary reason for not expecting much out of this week is their last long holiday of the year, Eid-al-Fitr...Eid-al-Fitr goes till Friday this week, and then we don't have any more long holidays in the immediate future... which hopefully means they will be getting some WORK done.
9-14-2016 Intel/Newshound Guru Backdoc [...we have friends who have only VND. IYO, do you see them RVing any time soon or maybe next year?] THEY ALL START THE RACE TOGETHER IMHO! CAN'T HAVE DOUBLE DIPPING BECAUSE IT WOULD DAMAGE THE CURRENCIES THAT GO AT A LATER DATE! IT WOULD INCREASE THEIR NOTE COUNT TOO MUCH. I BELIEVE IT WILL BE AN ASIAN SURPRISE! IMO.
9-14-2016 Newshound Guru Islandg1211 The obvious biggest question is when is the IMF requiring the CBI to RV? Unfortunately, they don't directly state that. They stated in their December 2015 LOI that they wanted Iraq to join the international community "by mid-year." Their June LOI states that the IMF wants the CBI to cut out their Multiple Currency Practices and move to Article VIII compliance - which requires the RV - "by the end of the year." The IMF is on top of exactly what Iraq is and is not getting done on time. That comes out through these articles on Friday's meeting. [post 3 of 3]
9-14-2016 Newshound Guru Islandg1211 So, how is Iraq doing implementing the IMF's plan? The Finance Committee has been working with the CBI and the IMF to draft their 2017 Budget. The Finance Committee is saying that they want to submit the 2017 Budget to Parliament this month. The biggest issue with the Budget is setting the expected average price of oil per barrel. On Friday, the IMF set the price per barrel at $45.00 for 2017. There is progress being made in this area, namely that the 2017 Budget does cut spending, does reduce its reliance on oil, is being reviewed and set by the IMF, and is being drafted on time. That's a lot of progress. Also of importance, is that IMF audit of the CBI's foreign reserves found that they had an additionally $10 billion. So the IMF is pleased with the Budget and the foreign reserve level of the CBI. (Also the passing of the Amnesty Law and a few new technocrat Ministers was real progress the last couple of months.) The IMF will hold their next review meeting in October. [post 2 of 3....stay tuned]
9-14-2016 Newshound Guru Islandg1211 The IMF met with the Gov of the CBI, Allak and the Finance Committee to assess Iraq's progress to date in meeting their requirements. To review, the IMF required that Iraq did a number of things, including determining their 2016 and 2017 Budget, passing laws, banking reforms, and monetary reforms. The IMF stepped in last December with a LOI that covered the first half of 2016, then in May/June, the UST, WB, IMF, US and other nations combined in a coordinated plan for an umbrella plan for Iraq in which Iraq would get loans. The meeting last Friday was a review of progress of Iraq meeting the requirements. The IMF is completely taking control of the structure and conditions they expect their plan for Iraq to be implemented. The IMF does not want to lend money without Iraq doing what they need to do. That's they message that came out of Friday's meeting. [post 1 of 3....stay tuned]
9-14-2016 Newshound Guru Breitling ...There’s an article taking about de-pegging from the US dollar. Ok just pure math. We know the US dollar dominate about 70% of the world’s international trade. Just based on that math…do you think that it would be a good idea for Iraq to de-peg itself from the most powerful currency that’s ever existed on the face of the earth? Do you think that is a wise decision? Do you think the US treasury and US government setting up their currency…we’re the ones who got rid of their old currency and we’re the ones to help setup their new currency…do you think there is any room for that type of shenanigans? No there is not. I appreciate articles that come out but some of them are so obnoxious that they should be indicators all by themselves that the person who wrote that is completely off the wall. They are not going to de-peg from the US dollar. This is not opinion at all…the US dollar is getting stronger and stronger and stronger.
9-14-2016 Intel Guru Bruce Iraq...We know all the major bills and laws been finalized and entered in the Gazette and the gazette has been published. They have been actively using their lower denominations, key cards, received back pay back to January. Things are happening in Iraq. Moving right along. From an Iraqi perspective, the linchpin has been pulled that everything is ready to pull now. If there is an issue, it is not one we know of. The international exchange is up and running to all exchanges around the world. Everything is working directly with the new satellites and computers so all can be protected and work as a system as it should. The CIPS system is functioning beautifully...from a system point of view, banking point of view, everything is rolling along beautifully. It is just a matter of when it is our turn to plug into the system...We are in line for it. We are just waiting for the go signal. The rates on dinar and dong did go up a little bit. It could be tonight, tomorrow. It is that close. I am excited to tell you I am anticipating good news very soon...
9-14-2016 Newshound Guru Kaperoni Article: "The central bank determines the sale of $ 5000 for citzens across the bank Rafidain and Rasheed" Quote: “...the central bank boosted bank balance Rafidain and Rasheed dollar in order to direct the sale of hard currency from the dollar to citizens traveling outside of Iraq.” I like how the CBI has these meetings with the IMF and when they come home, they usually do something right away. Clearly the IMF told them last weekend, raise the minimum at the banks.
9-13-2016 Intel Guru Frank26 The government right now is actually gone...it is a certain type of holiday that is a continuation of Eid. Let’s look after the holiday...because they are looking at about a five day holiday for this Sacrifice Feast...after their Eid ended...and if you include these extra days...Friday, Saturday, Sunday...it is a total of about nine days that the GOI has to come back and communicate with the CBI...and determine if they are going to follow this last step...the CBI said they would lift the 000’s...and would be ready by 2017...but that was before this meeting with the IMF...the latest information we have from the CBI website in Arabic...Allak knows these steps...and under his watch he may get some very big credentials...if when they come back the CBI and the GOI decide to lift the value of their currency. [post 3 of 3]
9-13-2016 Intel Guru Frank26 ...they must finish their Financial Reform...the CBI is giving you their step by steps...this information about the IMF and Iraq is HUGE. A long time ago the IMF told them...we are going to help you but you have to lift the 000’s...and in December of last year...they laid out the plan...and here we are seeing it unfold...would you not agree with me that they are international. IMF said look we will take you into the international theater by the middle of the year 2016...and they did..and now it is their turn IMO to finish the final obligation that the IMF demands of the GOI and CBI. ...the conclusion of Fallujah has brought the Economic Reforms...it is the Financial Reform of the CBI that needs to be done now...the CBI...along with the GOI is about to follow these orders...IMO. [post 2 of 3....stay tuned]
9-13-2016 Intel Guru Frank26 ...the IMF met with Iraq this past week...and they told them in order to receive any further loans...like for example the $650 million dollar loan that is waiting for them in November...they have to do two final things that they have not done...you have to finish the Financial Reform...before November...this is Iraq’s window...IOO. Allak is saying the very same thing...all is done...but the currency reform is not...it is the only thing that is left...and the IMF is demanding that they do this before November ...the CBI and the IMF are now talking about these issues. The Rafadain and Rasheed Banks are now poised and set to make loans to citizens...and even to sell the American dollar to the citizens and...why...because the auctions will eventually disappear...because there were the requirements... among many that the IMF had for them...but they have not completed the Financial Reform. [post 1 of 3....stay tuned]
9-13-2016 Newshound Guru mike Article: "Immaturity" economically Iraq has been presented by international conditions , "most unfair" and Abadi demands as "bold stances" Quote: "...because of the immaturity of Iraq economically and not having economical and institutions or well-established monetary policy, making the citizen a victim of economic ignorance." The IMF is the last stop for these guys, if they don't conform to what the IMF is requiring the money drys up and then the real problems are going to set in.
9-13-2016 Newshound Guru Kaperoni Article: "The central bank determines the sale of $ 5000 for citzens across the bank Rafidain and Rasheed" Quote: "The Iraqi Central Bank announced on Tuesday (September 6), the processing bank Rafidain and Rasheed exchange of foreign currency to the dollar expansion of cash sales outlets to citizens via their branches in the capital Baghdad and the provinces." More good news. They are following the IMF concerns and liberalizing the foreign exchange.
9-13-2016 Intel/Newshound Guru Backdoc NOW WE WAIT FOR THE CONCLUSION AS WE SEE IT IN PROCESS! WITH THE BUDGET RIDER ACTIVATED AND LIKELY LAUNCHED ON THE 8TH WE SHOULD SEE FURTHER ACTIVITY BY THE 10 DAY WINDOW. THIS SEEMS TO ALIGN WITH THE IEX SCHEDULE WHICH SAYS TRADING WILL RESUME SOMETIME AFTER THE 15TH! IRAQ CAN WAIT TO PUBLISH THE BUDGET FOR AWHILE SO I'M PICKING NO DAYS HERE BUT WE ARE ENJOYING THE COMPLETION PROCESS AREN'T WE? OCTOBER USHERS IN THE NEW ASSET-BACKED DIGITAL NEW REALITY AND WE ARE MORE THAN READY! JUST ENJOY DAY BY DAY SEEING THE REAL TIME CONCLUSION PROCESS! YES ITS REAL! PINCH YOURSELF! IMO. [post 2 of 2]
9-13-2016 Intel/Newshound Guru Backdoc LOTS OF INFO BUT MOST OF MY STUDIES ARE TOO SENSITIVE TO TALK ABOUT. WE ALL KNOW HOW IRAQ REDUCED ITS NOTE COUNT BY DOING THE CURRENCY AUCTIONS BY SELLING DOLLARS AND PULLING IN DINAR. THEY METHODICALLY DESTROYED THE PAPER THUS REDUCING THE NOTE COUNT! I LOVED SEEING THAT ARTICLE ON THE 7TH THAT STATED IRAQ HAD ENDED ITS INTERNATIONAL FINANCIAL MESSAGING SERVICE! YES A COMPLETION ON THE 7TH! OF COURSE THEY WERE BEING SNEAKY ON HOW THEY STATED IT BUT WE ALL KNOW THAT WAS THE SWIFT CODE RIGHT? RIGHT! THEY ARE NOW E-DINAR AS THEY SAID THEY WOULD BE! SO OBVIOUSLY THEY ARE NOW ON THE THE CIPS WHICH IS THE NEW DIGITAL PLATFORM WHICH CAN RUN BOTH! [post 1 of 2....stay tuned]
9-13-2016 Newshound Guru Mailman17 THEIR MAIN CONCERN IS WHATS INSIDE IRAQ, NOT OUTSIDE. WHAT WE HOLD IS NOTHING IN THE GRAND SCHEME OF THINGS AS THAT ALSO WILL FIND ITS WAY INTO OUR TREASURY AS OTHER COUNTRIES AS WELL. SHABS [DR. SHABIBIS] PLAN FROM DAY ONE WAS AND ALWAYS WILL BE ON PAR 1-1 AS HE HAS STATED MANY TIMES. A 1-1 WITH IRAQ BACKING ONLY A SMALL % OF PHYSICAL DINAR IS VERY PLAUSIBLE, ESPECIALLY IN REGARDS TO OTHER ASSETS THEY HOLD OTHER THAN GOLD. REMEMBER PHOSPHORUS? I DO THINK MOSUL IS A LOT FURTHER ALONG THAN REPORTS SHOW. IT IS THE LAST DOMINO IMO AND WE JUST WAIT FOR THE ANNOUNCEMENT. THEN I BELIEVE REFORMS WILL TAKE OFF ASAP. AND I HATE TO BRING UP HISTORY, BUT IRAQS FINANCIALS AS REPORTED ARE QUESTIONABLE AT BEST AS THEY HAVE BEEN FOUND WITH 2 SETS OF BOOKS IN THE PAST. SOMETIMES WHAT YOU SEE ISNT ALWAYS WHAT IT IS. IRAQ IS READY...ARE YOU? I KNOW I AM...AS ALWAYS JMHO. [post 2 of 2]
9-13-2016 Newshound Guru Mailman17 I DO AGREE WITH [GURU] BREITLING AS FAR AS IRAQ GETTING THE NOTE COUNT DOWN, BUT, AS MUCH AS THE NOTE COUNT MATTERS, ITS WHAT REPRESENTS THE M2 THAT REALLY MATTERS IMO...THEIR M FACTOR REPRESENTS NOT ONLY PHYSICAL DINAR BUT DINAR ON THE BOOKS AS NUMBERS AND NOT ACTUAL PHYSICAL CURRENCY. WE ALSO HAVE TO REMEMBER JUST HOW MUCH ACTUAL DINAR IS BEING HELD AS BACKUP CURRENCY BY OTHER NATIONS, ESPECIALLY THE PARIS CLUB. HISTORY TELLS US THE US ORIGINALLY LENT IRAQ 20 BILLION U.S. IN LIEU OF DINAR. AT THAT TIME THE RATE WAS 4000-1. ADD IN THE OTHER MAJOR COUNTRIES, AND 41 TRILLION ISNT THAT MUCH FOR IRAQ TO HANDLE BECAUSE THE MAJORITY OF THAT IS FOREIGN CURRENCY RESERVE FOR OTHER COUNTRIES. [reference Guru Breitling post 9-13-2016] [post 1 of 2....stay tuned]
9-13-2016 Newshound Guru mike Article: "Immaturity" economically Iraq has been presented by international conditions, "most unfair" and Abadi demands as "bold stances" Quotes: "financial mismanagement of the government and the dominance of the ruling parties on the financial file, in addition to rampant corruption and lack of activation sector The private" "those conditions came because of the immaturity of Iraq economically and not having economical and institutions or well-established monetary policy, making the citizen a victim of economic ignorance." This says it all...Abadi needs to get in the game, attack the corruption and get the open market economy opened up.
9-13-2016 Intel Guru ADMINBILL NO RV/GCR THIS MORNING. I AM TOLD TO NOT WORRY. IT IS ON THE WAY. NEXT OPPORTUNITY IS APPROACHING BY WEEKS END. LET'S ALL HANG IN THERE AND SEE WHAT HAPPENS. COULD IT STILL HAPPEN TODAY? MAYBE.
9-13-2016 Newshound Guru Breitling ...articles coming out with banks having problems giving people Iraqi dinar. Remember this is a two pronged attack. They are trying to reduce the dollar amount because the only way they can reduce the note count and add value to the currency…is to make sure people aren’t addicted to the US dollar…so there is a balance there. We don’t have enough information to calculate. At what point are they pulling dollars off? and at what point are they reducing the note count. And at what point are they more heavy than the other? We don’t know. BUT we know what to look for and we know the key words they’re saying and what it means for us...Between 80 and 85% of notes in Iraq are 25K notes and they say they have about 41 Trillion in dinar…divide that up into 25K notes. and you’ll figure out about what the note count is at.
9-13-2016 Newshound Guru mike Article: "Parliamentary Finance: granting employees leave for five years testifies to the bankruptcy of the Iraqi state" Maliki went on a hiring binge and now Abadi's got to trim the fat and let them go. Iraq could afford the patronage system when they were making $100 billion a year from oil but now that it's down, there's no fat to feed the folks. It seems like Iraq has the right idea, move these folks off the government teet and get them into the private sector, but they're doing it backwards. First they need to set up the open market economy and then you grant these folks "vacation." By moving these folks over it will save the government's bloated payroll but it needs to be done with some kind of common sense.
9-12-2016 Newshound/Intel Guru BGG [any late news on the progress of the dinar?] I am sure the next few days will be very revealing - and...or I should say...the biggest news would have been the full context of the results of the IMF - Iraq meetings/review in Amman, Jordan...as that news comes out - it will be interesting and...we've got a few developments coming soon - GOOD STUFF.
9-12-2016 Newshound Guru Breitling ...No. I’m all about measure and I don’t know how to measure that. It’s very simple…if you see someone and they have a car frame and it’s just sitting there and they have an engine and it’s just sitting there separate and they’ve got wheels and they’re separate…you know they’re building a car especially when you look at the parts…you probably can tell what type of car they’re building. Is it going to be a race car? Well if they’re using race tires and an engine that’s bigger than what everyone else’s then it’s pretty much going to be a race car right? So that’s what we’re looking at. That’s the only thing I can go by. To me it sounds goofy when I have to use that type of example…a lot of people got into the dinar because of intuition but I don’t calculate by intuition. I don’t believe in it. I don’t believe in hope. I don’t believe in any of that stuff. If I can’t see it. I can’t measure it. I can’t invest in it. So you know this is an indicator but it’s nothing that’s measurable so you have to be very cautious when looking at it. So very very good articles coming out. [post 2 of 2]
9-12-2016 Newshound Guru rcookie Article: "Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations" ...THE IMF...IN AUDITING CBI IS SURPRISED TO FIND $10 BILLION MORE IN RESERVES THAN PROGRAMMED FORCASTED AMOUNT...AND MORE INTERESTING... COMMENTS BY THE IMF ON THE CBI PERFORMANCE DURING THESE CHALLENGING ECONOMIC TIMES...AND ADHERENCE TO...MORE THAN 20 INITIATIVE THE IMF SPELLED OUT TO CBI...AND IN PARTICULAR...THE IMPLEMENTATION OF THE ISLAMIC FINANCIAL INSTITUTIONS ACT...WHICH WAS IN THE 2016 LOI/MEFP/TMU...
9-12-2016 Newshound Guru mike Article: "Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations" quotes: "Iraq's commitment to the pledges made to the International Monetary Fund...especially as it is consistent with the orientations and objectives, noting that the Fund was surprised to be Iraq's reserves of foreign currency more than its forecast of about ten billion dollars. "the report stressed the central bank's commitment to the implementation of more than 20 pledge to fully and a proposal within the time specified timings." This is a good article from Keywords telling us the IMF is happy with Iraq...
9-12-2016 Newshound Guru Shredd Article: "Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations" Look at the big picture folks....this would not be the case for a country with a failed or failing economy, heading to a lop (redenomination). Reserves have been growing for almost the entire time I've been following Iraq which is one of the pillars of why I've stayed! It's just a matter of time until the CBI moves to a market-driven floating rate for their dinar which will be a true representation of their economic landscape. Not an IF...a WHEN.
9-12-2016 Newshound/Intel Guru BGG these flashbacks (HARD NEWS) give some important context as to what we are involved in...WIth these previous statements, articles and comments giving historical context - and the current push by the IMF, WB and UN to integrate Iraq back into the international community - things are VERY exciting (to say the least). I'm not predicting anything, nor am I commenting on "rate" - per se...I'm just telling you what they (IRAQ) have been saying all along... [post 3 of 3]
9-12-2016 Newshound Guru Breitling Article came out about mobile apps being developed in Iraq for processing payments…here’s what I want to throw out there…it [the dinar value increase] IS around the corner, I don’t want to put any date on it BUT to give you an example it’s at a 10th of a penny…these guys wouldn’t be developing apps if they weren’t going to add value to it…third world countries don’t have apps that are being developed when their currency is so low…so it is being developed for that process cause it’s coming down the road. Is it one month? two months? three months down the road indicator? [Post 1 of 2 Stay tuned for the rest of the story]
9-12-2016 Newshound/Intel Guru BGG "The Exchange Rate of Foreign Currency in Economic Feasibility Studies" "3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities." Ministry OF PLANNING...Iraq G-O-I !!! ...REPORT WAS SENT TO CONGRESS...IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013. these final thoughts from them (the final report sent to our U.S. Congress) if nothing else, adds considerable weight to our thoughts about this investment...in fact, those saying this is a "scam" - look foolish - taking these reports in context. [post 2 of 3....stay tuned]
9-12-2016 Newshound/Intel Guru BGG Flashback Article: "Minister of Finance: raise zeros from the Iraqi currency against the dollar will be supported" Quote: "...The proposal to raise three zeroes from the currency will be in accordance with the right monetary policy is not gradual, as happened in Turkey..." This article was from Feb. 2nd 2010. They've been telling us all along...NOT A FLOAT... Noting that the Iraqi dinar would be offset dollar or slightly more than after the application of this proposal. = about a dollar (USD) or slightly higher...THIS IS WHAT THEIR MoF said at the time. Not me...they have had some idea as to what this was going to be all along. [post 1 of 3....stay tuned]
9-12-2016 Newshound Guru rcookie Article: "The government sent a draft law of retirement and social security to the parliament for approval after Eid" THIS IS WHY YOU ARE SEEING GHE PENSION LAW UP FOR READING & VOTE IN PARLIAMENT RIGHT NOW... TO A COUNTRY LOOKING TO SQUEEZE EVERY DINAR OUT OF ITS ECONOMY GOING THROUGH TOTAL METAMORPHISIS...THIS IS WHY IT IS SO IMPORTANT...31 TRILLION ADDED TO THEIR GDP THROUGH 2028...BY MAKING SIMPLE AMENDMENT TO A LAW WITH THE STROKE OF A PEN..
9-11-2016 Intel Guru ADMINBILL NO CHANGE IN MY DINAR ASSESSMENT. WE ARE LOOKING "SWELL" (A WALLY QUOTE FROM "LEAVE IT TO BEAVER"). FOR YOU YOUNGSTERS OUT THERE THAT WAS A VERY POPULAR FAMILY SITCOM FROM THE 1950'S.
9-11-2016 Newshound Guru rcookie Article: "Integrity adds Rafidain and Rasheed and TBI managers" ...HERE INTEGRITY IS CALLING IN MANAGERS FROM RASHEED, RAFIDAIN AND TBI...TO CONDUCT A LITTLE POW WOW AND REFRESHER ON PROCEDURES IN 3 AREAS...LOANS...CURRENCY AUCTIONS...AND GENERAL BANKING MANAGEMENT PROCEDURES...TO TAKE PLACE IMMEDIATELY AFTER EID HOLIDAY...INTO THE PRICIPALS OFFICE..."NOW LETS GO THROUGH THESE THINGS ONE LAST TIME"...HAS UST FINGERPRINTS ALL OVER IT.
9-11-2016 Intel Guru SteveI Article quote: "...Finance Minister Hoshyar Zebari, to the Jordanian capital of Amman to complete the international consultations between the government and representatives of the International Monetary Fund, IMF." [It definitely is Shabibi according to my Kurdish friend...(referencing article picture)] Thanks for the awesome find. This is like icing on the cake because he [Shabibi] has been pushing for a rate change for years.
9-11-2016 Newshound Guru Shredd [...with all of this confidence why are they stuck at a B rating? Any idea when that would increase?] Rating agencies assess how likely a borrower is to be able to repay its debts and help those trading debt contracts (e.g., loans) in the secondary market (to investors). It takes a lot to change a rating and I suspect their rating will not go beyond the lower end of investment grade until they have a more diversified industrial output. Having their economy rely almost entirely on oil presents risk. As their agriculture continues to return and as infrastructure and commerce grow, they will demonstrate a more balanced country. That said, it's all about the data. As Iraq continues to repay loans with ease, demand in the secondary market will likely grow which in turn will pave the way for Iraq to fully participate no matter their rating. [post 2 of 2]
9-11-2016 Newshound Guru Shredd Article: "The World Bank will lend Iraq three billion dollars as "very low interest rates," the end of 2016" ...this is a good sign. A loan by the WB for a long term and low rate shows not only support and confidence in Iraq as it continues to rebuild it's economic infrastructure but it also demonstrates trust and faith in Iraq's ability to repay...lending and borrowing is what the global economic machine is all about. For the lender, interest income and for the borrower, stimulus to push progress/growth as quickly as possible and the kind that ensures the ability to repay is in place and protected. This shows us once again Iraq is continuing to mature economically. It continues to prove that a lop or redenomination due to a failing economy is not the case for Iraq. This shows us and demonstrates to future investors that Iraq is a vital participant in the global economic construct. See the trees in the forest! It's all good. [post 1 of 2....stay tuned]
9-11-2016 Newshound Guru firefly Article: "Prime Minister to the IMF Resident Representative in Vietnam 09/01/2016" Quote: "Prime Minister to the IMF Resident Representative in Vietnam Pm on 08.30.2016...has a meeting with Mr. Jonathan Dunn - Representative of the International Monetary Fund (IMF) in Vietnam...At the meeting, Prime Minister Nguyen Xuan Phuc appreciated the help effective, practical IMF for economic development - economic development of Vietnam, especially in the field of financial reform..." especially in the field of financial reform!! [sounds so good.] It is beyond good ...keep the faith and look at the BIG picture.
9-10-2016 Intel Guru Frank26 IMO ...The more they take loans ...The more profound is their need to RI/ RV...
9-10-2016 Newshound Guru mike Article: "The CBI expects foreign exchange reserves remain at $ 60 billion" Quote: "The governor of the Central Bank and the Agency on the Keywords, said on Tuesday that Iraq's reserves of foreign currency of $ 53 billion, and with the exception that it is in line with international standards and regulations of the International Monetary Fund, the House of Representatives pregnancy and the government responsible for the low reserve because Msadegthma on the financial budget in deficit." ...this is why I don't trust this boy Keywords. In june he's telling us that Iraq's reserves are at $53 billion and now, two months later, he's trying to tell us that Iraq accrued $7 billion and the reserves are now $60 billion.
9-10-2016 Newshound/Intel Guru BGG [does mosul have to be free of isis before a change in value?] Doesn't have to...but at the very core of all of this is world support of Iraq. They IMF, WB and UN all want to support Iraq (and recognize whatever value they eventually apply to the IQD)...but it appears they have given Abadi some very direct guidelines and "advice" on how to proceed. There is no doubt this included them putting their squabbles aside and moving on ISIS.
9-10-2016 Guest Guru Daz ONCE THE CURRENCY IS FULLY INTERNATIONAL IN SCOPE IT WILL BE ACCEPTED AND EXCHANGED ANYWHERE IN THE WORLD JUST LIKE THE OTHER 194 CURRENCIES... HANG IN THERE...
9-10-2016 Newshound/Intel Guru BGG Article: "World Bank offers to Iraq to see funding for economic development" Quotes: "Saleh added that "the World Bank between the activities targeted by the loan, is the support of the **federal budget in line with the economic reform paths and a document of reform launched by the Prime Minister..." "the loan payout after the completion of understandings with the World Bank on the road map, which is consistent with the paths of economic reforms," expected to "be executed loan to Iraq by the World Bank end of the year 2016". Zebari may well be there... but Saleh is too...Zebari could well be there trying to stay in the conversation is all...it is being reported, his dismissal is imminent...and I don't think it will cause any "DELAY" - in fact, Iraq adhering to the "reform paper" launched by Abadi and instigated...by the IMF/WB makes it appear as though this corruption clean-up may well speed things up if anything at all.
9-10-2016 Newshound Guru Aggiedad77 We know the IMF has taken to heart all that Iraq has been doing...what is it though that we have been expecting for over a month...a new governor...The IMF of course would have to bless this person...so perhaps this is the guidance they will give...bringing in a new gov...who can give the GOI a shove...in just a way to show all the Iraqi people some love.
9-9-2016 Newshound Guru mike …Shabibi worked in the Ministry of Finance and later moved into the CBI Governor position. He modernized the department, built them a new building, raised the value of the dinar from 3000-1 to 1166-1, reduced inflation from 64% to 5.2% and raised the reserves from $2.7 billion to $67 billion. Not to .....wait for it....shabby. So, what has Keywords done? Not much…Since he's been put into the Governors postion the reserves have dropped from roughly $80 billion to somewhere close to $44 billion. Comparing these two is a disservice to Shabibi. He fought corruption tooth and nail, and for that effort, he was ran out of the country on trumped up charges brought by Haitham al-Jabouri and the rest of Maliki's henchmen. Keywords is a Dawa party member who was put, by proxy, into the position he holds today by one of most corrupt members of Iraq's government.
9-9-2016 Intel/Newshound Guru Mnt Goat Article quote: “Due to security and stability reasons with the war with ISIS we are postponing the project to delete the zeros until early 2017”. Many want to know why they keep kicking the can down the road as far as the battle to liberate Mosul. They have been telling us all along that the battle for Mosul would not begin until the fall and that the target for complete liberation is by the end of the year 2016. We know that no RV will occur until ISIS is gone from Iraq. This is a FACT and they have told us so... Many also believe (as I do too) that the Iranian Kud forces must also withdraw out of Iraq as part of the security issue. Still yet many also believe that Maliki and his goons must be dealt with prior to any RV (as I am one too that believes this is true). If I remember on the calendar, the year ends on December not October as many...believe...and the government does not plan to even launch the lower denoms until Mosul it all completed.
9-9-2016 Newshound Guru Kaperoni Article: "Economy and Investment parliamentary reaffirms its support for the efforts of the central bank in the stability of the dinar exchange" Quote: "The Commission on the economy and investment representative, Thursday, to support the efforts of the Central Bank to stabilize the dinar and prevent inflation..." ...Shabibi did keep it stable and within 2% for 10 months. ...Shabibi also was about to implement currency reform. He had a huge media campaign (with the help of the WB) before Maliki stopped him. The good news this time is that it appears that the CBI, WB and IMF and the government appear to be on the same page to accomplish reforms. We can only hope that they begin soon.
9-9-2016 Intel Guru ADMINBILL PREPARE FOR A MOST EXCELLENT ADVENTURE TO BEGIN BETWEEN NOW AND TUESDAY. ACCORDING TO MY INFORMATION WE WILL BE GREATLY BLESSED SOON... THE MOMENTUM IS BUILDING. I AM OF THE OPINION CODING NECESSARY FOR BOTH INTERNATIONAL PLATFORMS (SWIFT AND SIM) ARE NEARLY COMPLETED. THIS NEEDED TO BE FINALIZED FOR INTERNATIONAL TRANSFERS. STANDBY FOR AN INTERESTING SEPTEMBER.
9-9-2016 Intel/Newshound Guru Mnt Goat Article: "ABADI NOMINATE OTHMAN GHANIMI THE MINISTRY OF DEFENSE AND MUWAFFAQ ABDUL HADI OF THE INTERIOR" Abadi did forward his nominations for the defense and interior ministers yesterday. However, parliament could not vote to ratify them since they could not muster a quorum. Also they planned to hold a no-confidence vote on the finance minister Zebari for corruption charges but this too had to postponed until Sept 20th... Article quote: "...at least some parliamentary blocs stayed away from the session in order to stymie the scheduled vote." This news did not surprise me since the Kurds are not going to allow a vote against Zebari as they see this as a sectarian action on the part of the GOI to eliminate yet another position from representation by the Kurds. Zebari is in a position that is supposed to be filled by a Kurd.
9-9-2016 Intel Guru Bruce We heard yesterday that Iraq’s financial and monetary reforms have been announced by Abadi in Iraq. This is what would serve as the international announcement that their currency is internationally tradable. Their key cards funded, pre paid debit cards can be used anywhere in the world. Some in US received key cards. We knew one individual received with back pay on his key card all the way back to January. We knew he had rate over $5. Since then the rate has gone up higher. We are in situation now we are in the calm before the storm. We know even though we don’t have specific dates and times, we can talk about or know for fact that there has been things said that indicate we are exactly at the right place at the right time...That we are truly, (based on the evidence,) at the end of the ride to receive this blessing very shortly based on evidence even through tonight. I am excited, encouraged.
9-9-2016 Newshound Guru Shredd Article: "The dollar letter of credit" Quote: "...there is no reasonable answer specific and justifiable to not to return for opening letters of credit for the purposes of import , this dollar bleeding of our credit must be curbed to stop losses at all levels." This is another good sign that compliance in cash transaction protection continues to be put in place. With these letters of credit, the banks are standing behind and guaranteeing transactions which will in turn ensure they do their due diligence to protect themselves. This adds to confidence in dealing with all banks...even the private banks.
9-9-2016 Newshound/Intel Guru BGG Regarding this conversation about them delaying dealing with Zebari in Parliament today - there were "musings" about such shenanigans being possible in the News yesterday and the day before...not out of character for them... lots of changes going on in Iraq right now...
9-8-2016 Newshound Guru mike Article: "Parliament postponed its meeting to Tuesday after the Eid al - Adha" Quote: "...the House of Representatives to hold its meeting scheduled for today, to Tuesday after the Eid al-Adha festival corresponding to the 20th of September the current." Another vacation.
9-8-2016 Newshound Guru Shredd Article: "New investment roadmap through 2017" Quote: "National Investment Commission unveiled a new map will be made public next year to implement several projects..." Outstanding progress article. It's a long road to recovery but this roadmap is exciting to see! Steps forward...steps forward!
9-8-2016 Intel Guru ADMINBILL [I still think there is a list and when all is completed on the list we go exchange...] THIS IS NOT A PLAY IT BY EAR ROLE OF THE DICE PROCESS. YOU ARE RIGHT. A STEP AT A TIME. MAKE SURE ALL WAS DONE CORRECTLY WITH THE PREVIOUS STEP THEN MOVE TO THE NEXT STEP UNTIL THE FINAL PIECE OF THE PUZZLE IS DONE. TODAY THROUGH THE WEEKEND COULD BE VERY INTERESTING. STAND BY.
9-8-2016 Intel/Newshound Guru Backdoc REMEMBER THEY SAID THEIR FOREX VALUE WOULD MEET ITS REALITY VALUE BY OCTOBER! RIGHT ON SCHEDULE! THE TWO SHIA BROTHERS [IRAN & IRAQ] WILL STAY CONNECTED TO THE HIP. REMEMBER? "THE DEAL". REMEMBER THEY LAUNCH THINGS ON THE 8TH! REMEMBER THE BUDGET WILL HAPPEN BEFORE THE 10TH! IMO.
9-8-2016 Newshound Guru mike Article: "Rasheed Bank proceed with selling the dollar for citizens" Quote: "The general director of the Rasheed Bank Rashad Khudair Waheed told / KD / that the bank began to sell foreign currency from the dollar to citizens traveling outside of Iraq." Iraqi's have been getting pounded when they buy dollars from the traders, the spread is roughly 10% or 1290-1. Now, the Iraqi's can buy the dollar very near the official rate of 1182-1 and get the MCP down below 1205-1, a IMF requirement before they can move to Article VIII.
9-8-2016 Intel Guru ADMINBILL I DO NOT BELIEVE SOURCES HAVE BEEN SILENCED SO MUCH AS THEY ARE NOT RECEIVING ANY ADDITIONAL INFORMATION THAT ADDS TO WHAT HAS ALREADY BEEN SAID. WE ARE SIMPLY WAITING FOR OUR TIME TO COME. WE HAVE BEEN IN THE MOMENT DURING AUGUST AND IT CONTINUES THIS MONTH. I CAN TELL YOU THAT THERE ARE MANY CAUTIOUSLY OPTIMISTIC AND POSITIVE THINKING INFORMATION SOURCES THAT CONTINUE TO BELIEVE WE ARE AT THE END THIS MONTH BUT THOSE THEY TALK TO HAVE LIMITED OR STOPPED COMMUNICATING THIS WEEK. [I believe it could happen either this week or next week?] OR TO MONTHS END.
9-8-2016 Intel/Newshound Guru tman23 [...the mere fact that MasterCard is posting an exchange rate (by default being international seeing that it is Master Card) is very good news. Regardless of the current rate, they are connected and accepting and posting an IQD rate on an international scale . Good news indeed (had we had news like this over the past few years we would be jumping out of our skin with excitement over the mere mention of Master Card and IQD in the same sentence.) ] WHAT IT MEANS IS THE BANKS ARE CONNECTED FOR INTERNATIONAL USE...SO 1305 HERE IN THE STATES...IS WHAT THE RATE IS...AS OF RIGHT NOW. [post 2 of 2]
9-8-2016 Intel/Newshound Guru tman23 Here in the United States are Iraqi visitors with Iraqi bank issued Master Cards which are "debit cards" AND they can go to any ATM and withdraw currency from their Iraqi bank account which the exchange rate today is 1305 to 1 USD...Master Card determines the exchange rate conversion at the time of the transaction...The 1305 is expected to be the rate throughout the remainder of 2016...That is the exchange rate MASTER CARD IS APPLYING...Iraqi's have access to their bank accounts through master card debit ...WORLD WIDE... [post 1 of 2....stay tuned]
9-8-2016 Intel/Newshound Guru Mnt Goat ...Maliki and his goons will be dealt with at the end of this ride to the RV process. How could they possibly secure all this new wealth unless they get rid of the culprits that keep stealing it. Here are some of the figures about to go down (INTERPOL investigators). Notice the timing of these investigations now that Amnesty is in the Gazette and finalized. Obeidi (former defense minister, dismissed under no confidence vote). FM Jaafari; Zebari (soon to be "former" minister of Finance...); Hammad al-Moussawi (state of law MP); Nori Al Maliki (former prime minister of Iraq). Note Maliki is on the list.
9-8-2016 Newshound Guru Shredd Article: "Dollar selling through government banks" Quotes: "CBI decided to bank processing Rafidain and Rasheed foreign currency (dollar), "for the purpose of expanding the cash sales of US $ outlets..." "...that expansion of outlets selling the dollar would reduce the speculative price levels, pointing out that the move keeps the fixed rates for the currency..." Price stability is key for moving towards a future where the dinar reigns supreme in Iraq. They've got to have this locked down before moving forward. Curbing corruption by having price controls in place will provide the safe atmosphere for future changes in rates and moving to a single currency regime.
9-7-2016 Newshound Guru Adam Montana As you probably know, we have a new Oil Minster in Iraq. (Jabbar Al Luaibi) It's my opinion that he is making much more progress towards where we want to be than the last one... this reminds me of how aggressive Abadi was when he took his spot. Again, this is a GOOD thing the news is very consistent with reporting his enthusiasm to get things done. This is a great piece of the HCL. [post 2 of 2]
9-7-2016 Newshound Guru Adam Montana No HCL yet, but there's some other interesting news... most of it I can sum up very succinctly, so I'll just go ahead and do it. - Formation of a committee to make Kurdistan independent - L.O.L. Not gonna happen, this is a complete smoke screen. As we draw closer to seeing real HCL news, which is what is currently happening, there's simply no way Baghdad or simply the other 80% of Iraq outside of the Kurdish areas will be letting this key geographical area out of their grasp! What is MUCH MORE LIKELY is we will see a continuation of the trend that has grown over the last few years - the GOI, Parliament, basically all the "PTB"s will continue to get more generous with the Kurds, and they will get a very healthy share of the future profits from both an increase in the Dinar and the enormous potential profits from a successful HCL. That WILL happen, I am certain of it... [post 1 of 2....stay tuned]
9-7-2016 Newshound Guru Aggiedad77 Article quote: "An informed, Wednesday source, about the involvement of the Minister of Higher Education and Scientific Research former Hussain al-Shahristani transactions related to the corruption of squandering state funds." Another snake in the grass that slithers with Maliki...Shahristani is getting caught in the whirlwind of investigations that are ongoing in Iraq regarding a "Who's Who" list of corrupt officials...Shahristani throws a bad light upon Iraq all the way back to his days in the Oil Ministry and with the oil contract bids stemming back to 2009 and 2010...let the boxes and boxes of files provide the proof that Abadi needs to put him away...and may the tracks from those files lead to where the money lies that he squandered away on his own...
9-7-2016 Intel Guru ADMINBILL YESTERDAYS NEWS WAS GOOD. HOPING TO SEE GOOD THINGS BEGIN TO MANIFEST THEMSELVES TODAY ON THROUGH THIS WEEKEND. SHOULD THAT NOT OCCUR I STILL LOOK TO SEPTEMBER TO BE THE MONTH OF CHANGES FOR MANY REASONS...
9-7-2016 Intel/Newshound Guru Mnt Goat Recently we have seen two articles just within the last couple weeks from Dr Shabibi stating the Maliki stole money from the CBI and why he was falsely accused of crimes within the CBI. Why now all of sudden these articles? What is about to happen in the CBI? Why Ayed Allawi too coming out with his negative statements about the current CBI administration? I will tell you why (read my lips!) DR SHABIBI IS COMING BACK TO THE CBI!
9-7-2016 Newshound Guru rcookie [...saw 2017 budget approval. Is that it now or does it need further discussion and approval?] NO..THAT IS THE AMENDED 2017 BUDGET LAW WITH ALL IMF SBA REFORM REQUIREMENTS... READY AND WAITING...
9-7-2016 Intel Guru Bruce The CIPS system is a brand new system hooked up to a super computer in China and also it us hooked up to two new satellites that China put up. We have the CIPS system and the IEX system, internationally exchange system. Connects all the trading platforms around the world, various exchanges hooked up to the IEX now. The CBI did connect to the IEX and they did post their new rates to that system which we understand the banks have a few days ago. The banks were showing those rates. I don’t know the new rates are, but substantially higher than they were previously. Our turn is just about here. We are in good shape...any day now. I really don’t think we will go beyond this week. We are in high expectation.
9-7-2016 Intel Guru SteveI Article: "Training staffs in preparation for the launch of loans" Quote: "The Central Bank has allocated nearly 6.5 trillion dinars for lending to projects." There is sure lots of great news articles this week. [Really trying hard not to get excited. It's like that roller coaster when you're climbing to the top of the first hill and your tummy starts getting "butterflies" in anticipation...] I feel like you...close to the top with lots of excitement. Now all we need to get Mosul done with great days ahead.
9-7-2016 Newshound Guru rcookie [they were talking about putting Amnesty law in the Gazette in a day or 2... they are holding it off?] YES...SO RATHER THAN RESCIND THE ENTIRE LAW...THEY ARE ADDING AMENDMENTS PRESENTED SEPERATELY AND THEN WILL POST NEW LAW WITH AMENDMENTS IN GAZETTE...
9-7-2016 Intel Guru Dr. Clarke Quick story, and we've never related any stories, till now: Last week, I spoke to a Divisional Exec. VP, at one of the Top 5 Banks in the U.S., about what their internal process is looking like, right now. Answer: "We've been moving key, specially trained Wealth Management-Type Personnel, new & old, around to areas where we know lots of new opportunity, wealth and investment will soon present itself. Some of these people, have even moved across states, for these new opportunities. We've geared up professionally, for the upcoming events, and especially for our Top Tier Clients, existing and future. Everything is in place and we're waiting for these new opportunities to emerge shortly."
9-7-2016 Intel Guru Frank26 ...keep a close eye on Mosul, after Thursday. Alak's missed steps are coming into focus be ready for some good news later in the month regarding stability and security. Watch CBI actions not the words spoken by others...not the RV but that of which surrounds it.
9-6-2016 Intel Guru Dr. Clarke The U.S., U.N. & IMF (in that order), will NOT allow Iraq to move this rate up to an accurate and sustainable rate, UNTIL the ISIS element (mainly certain people), are out of the picture completely. That's just about completely done. This is why the program rate has been stuck where it has for so long. The moment this substantially increased rate is made public, EVERYONE will know about it. 2016 is the Year, and SEPTEMBER is the designated month, with the money moving EVERYWHERE, the last quarter (or 1st Qtr. for the U.S.). There's a little more time...just a little. If something seriously different becomes important, we'll chime in. [post 2 of 2]
9-6-2016 Intel Guru Dr. Clarke The timeline has not changed. Last week of SEPTEMBER, is when Official, Public Rates, substantially move up for the Iraq Dinar. 1st Week of October is when ANYONE can exchange their Dinar, if they choose. It's the 3rd & Final part of the "Plan". Here's our Disclaimer: In our Belief...Opinion, Guess, Possibility, Maybe, Perhaps, Prediction, or whatever else you want to add to these words...2016 is the final year, that Iraq will be forced to continue a low, program rate...Drop ALL your logical timelines, happenings and events, folks. This is Why: The people of Iraq are NOW being paid. This is Why you don't see any riots & uprisings right now, and haven't been for a few weeks. They're being satisfied, because the money is finally flowing... [post 1 of 2....stay tuned]
9-6-2016 Newshound Guru Kaperoni Article: "Central Bank announces bank equip Rafidain and Rasheed dollar " Quote: "The Central Bank of Iraq, Tuesday, for processing bank Rafidain and Rasheed dollars to expand the cash sales outlets." This just means they are liberalizing the foreign exchange as the IMF requests in the SBA making dollars more available. A condition to reduce the spread and get within 2%. The ultimate goal..compliance and move to Article VIII. The auction can't go away until that happens. These moves were all documented earlier this year. It just take time for the CBI to do them. Now we watch and see if the spread comes comes down as a result.
9-6-2016 Intel/Newshound Guru Mnt Goat This is what they mean with the CBI and finance committee claims they will slowly, gradually launch the new denominations. They are talking about initially launching some paper currency (the new lower denoms) and then later, after an RV, launching the new coins. This is the process. ...another good topic today, that of the very recent announcement of the Central bank's (CBI) intention to issue a new edition of 100,000 dinars category to the market. This is what we do know as FACTual - the CBI has told us the 50,000 and 100,000 notes are the last remaining large notes to be issued in currency reform. These notes are NOT FOR PUBLIC USE on the everyday streets as they are for inter-banking transactions (between nations) where larger notes are needed (international trade…hint..hint..hint..). So is it not a logical conclusion they are getting close and preparing for some kind of major change such as an “international” rollout of their currency thus going from a “CLOSED” economy to an "OPEN MARKET” (or global economy)...this means going to FREE Global/ International markets. [post 3 of 3]
9-6-2016 Intel/Newshound Guru Mnt Goat ...they are openly talking again about the dinar and the new lower denominations. This is exactly what we want to hear at this point in time. The project to delete the zeros is ongoing... So why do you think they have launched the e-dinar? Think about it – how much more of the hard currency will be out of circulation in just a month of using e-dinar and not having people walking around with bulging pockets of paper notes? I firmly believe this is going to be the tipping point for getting to the ratio of currency they want to remain in circulation. It is the final step in this direction of collection of the large 3 zero notes, at least enough so they can launch the lower denoms. Remember too that included in the launching of the lower denoms is also coins. These metal coins can not be circulated without a significant increase in value... [post 2 of 3....stay tuned]
9-6-2016 Intel/Newshound Guru Mnt Goat So today let me point out to you yet more signs that tells us about my recent claim for a possible RV in the window of Sept thru Jan 2017. First we know that Iraq has worked very hard to get to a point where they can quality for "full" ascension to the WTO. Right now they are in "observer" status. They can attend meetings, get trained, get help and share their issues but they do not yet have all the benefits nor take on all the responsibility and rules of a member nation. But this is all about to change as the IMF us telling us...that Iraq is about to get "full" status. But first they must complete some mandated reforms... Article quote: "revealed that Iraq is a candidate for accession to the World Trade Organization, and as pointed to the need for the Iraqi government some major reforms..." But this is not the only good news... [post 1 of 3....stay tuned]
9-6-2016 Newshound Guru Phoenix3333 Article: "Ammar al-Hakim appointed head of Iraq’s largest political parliamentary bloc" Quotes: "Members of the largest Iraqi political bloc have elected the head of the Islamic Supreme Council of Iraq (ISCI) Party as their new leader." "An informed source said on Sunday that Ammar al-Hakim, the leader of the ISCI, has been appointed the head of the Iraqi National Alliance (INA) for one year..." "...Hakim will now be replacing Iraq’s Foreign Minister and former Prime Minister Ibrahim Jaafari as the head of the alliance..."
9-6-2016 Newshound Guru rcookie [...I thought the auctions were set up to get the USD off the streets?] THE AUCTIONS ARE TO ALLOW IRAQ THE ABILITY TO CONDUCT BUSINESS AND TRADE AND PAY FOR THE GOODS AND SERVICES AND HAVE AN ACCEPTED CURRENCY TO PAY VENDORS WITH AND NOT BE ANNIHILATED BY LACKE OF VALUE AND HAVING TO PAY A THOUSAND TIMES MOEE FOR THOSE GOODS IN THE PROCESS... ADDITIONALLY...CITIZENS TRAVELING ABROAD...STUDENTS ...OR PEOPLE RECEIVING MEDICAL TREATMENTS...THAT NEED TO HAVE A RECOGNIZED ACCEPTED CURRENCY WITH THEM ARE ALLOWED TO TAKE...BUT WITH CAP RESTRICTIONS.
9-6-2016 Intel Guru Frank26 In Iraq -business that trade out of Iraq has to do everything in dollars. Auctions allow for them to buy dollars and then purchase the products from outside of their country. That is because they are not international and currency is worthless. Now they have letters of credit like you and me with any bank, so they have more time to pay the debt ie 30 days net, instead of cash when they order. This does eliminate the dual currencies which the iMF wants them to do and become a member of WTO. This all means they may have time to pay but they need to pay with their own currency and not the dollar. Which IMO leads then to RI/RV the dinar, and not much time to do it by the way. NO BODY IS GOING TO GIVE IRAQ AN LOC IF THEY ARE NOT GOING TO PAY IN DINARS...in our OPINION.
9-6-2016 Newshound Guru rcookie Article: "Parliament will vote on bills and other discuss in its session on Tuesday" SO.....PARLIAMENT IS WORKING TOMOROW...[TUESDAY].
9-5-2016 Newshound Guru Kaperoni Article: "Washington suggest the IMF projects growth of non-oil sector in Iraq by 2018 " Quote: "...spokesman for the US embassy, that "Iraq needs to do some major reforms to improve its climate for investment for both Iraqi and foreign parties..." What this means to me is the US expects currency reform soon.
9-5-2016 Intel Guru SteveI ...ISIS appears to be almost history. Awesome progress by all forces involved...what is left of them is huge news for all of us. Each day is one day closer with such great news.
9-5-2016 Newshound Guru rcookie MORE AND MORE TALK ON A DAILY BASIS FROM EVERY CORNER OF IRAQ...ABOUT THE DIRE ABSENCE OF HARD CURRENCY AND LIQUIDITY IN THE IRAQI MARKETPLACE...
9-5-2016 Intel Guru Frank26 ...Abadi told you he is 92% with his reforms...but ...where Abadi is done with 92% of the reforms in Iraq...he is only IMO 33% complete in the corruption files...the boxes and boxes of corrupt files... But of the boxes they have 100’s and 100’s of people...only six were of major issue...the United States very politely took junior by the ear and said look...clean up your room...they cleaned up the CBI and they are cleaning up the GOI. ...these are the six ministers who are extremely important in the boxes and boxes of criminal corrupt files that came to Abadi. #1 Obeidi...they got you #2 Zebari...they will get him next week….but...interesting what Zebari is doing to save himself right now. #3 Maliki...they will get to him...very soon. #4 Myswani. #5 Jafaari. #6 ??? IOO...that 92% includes the Monetary Reform...because corruption needs to stop...and it hasn’t...but it is improving dramatically...the Monetary Reform is waiting for the corruption reforms to catch up. There is not a single dime that is flowing out of Iraq that Iraq, the IMF and the United States is not aware of….that security level is beautiful right now…
9-5-2016 Newshound Guru rcookie WOW...LOOK AT THIS ANNOUNCEMENT OF AN INDUSTRIAL CITY PLANNED FOR EACH PROVINCE AND 2 IN BAGHDAD... "According to the blueprint set by the Government industrial city in each province" Article: "Sulaymaniyah announces rise in the number of tourists by 500% compared to last year" 500% INCREASE IN TOURISM. YEP...NOTHING GOING ON THERE...LOL...IT IS AMAZING!!
9-5-2016 Newshound Guru mike Article quotes: "...the Iraqi economy turned into a more market - oriented economy, being the focus of his business to deal with the international community, including the United States and other trading partners..." "...stressing that "Iraq is a candidate for accession to the World trade Organization." It's kind of hard to believe that Afghanistan got into the WTO before Iraq did, they've been telling them to reform for years, hopefully they get it done...in the coming days.
9-5-2016 Intel Guru ADMINBILL LATE EVENING REPORTS CONTINUES TO INDICATE POSITIVE MOVEMENT FOR THIS WEEK BUT COULD ALWAYS BE LATER. AGAIN I DO NOT BELIEVE BEFORE WEDNESDAY.
9-4-2016 Newshound Guru rcookie Article: "Washington suggest the IMF projects growth of non - oil sector in Iraq by 2018" Quote: "...the growth of the International Monetary Fund projects sectors is oil in Iraq by the year 2018, and revealed that Iraq is a candidate for accession to the World Trade Organization..." US MAKING STATEMENT IRAQ IS CANDIDATE FOR WTO ACCESSION...AND TIME TO COMPLETE MAJOR REFORMS TO IMPROVE THE INVESTMENT CLIMATE AND THE IMF & WASHINGTON HAVE IDENTIFIED SECTORS TO BE DEVELOPED TO ATTRACT INVESTMENT IN IRAQ...THEY ARE ANNOUNCING IRAQ IS READY FOR WTO ACCESSION! [AGAIN BEFORE THEY CAN JOIN...A REAL VALUE.] EXACTLY.
9-4-2016 Newshound Guru rcookie Article: "The Iraqi government plans to impose new taxes" OK...SO SEE HERE AGAIN...TAKEN RIGHT OUT OF IMF LOI/MEFP/TMU REVENUE REFORMS...THE FINANCE COMMITTEE CAN WHINE AND BLUSTER ALL THEY WANT...THE IMF IS DRIVING THE BUS..." JUST SIT DOWN AND BUCKLE YOUR SEAT BELT"! AND...HERE AS WITH THE NEWLY ANNOUNCED ELECTRONIC DIRECT DEBIT COLLECTION OF ELECTRICITY AND TELECOMMUNICATION DUES AND TAXES...ALONG WITH DRAMATICALLY IMPROVED PROVIDING OF THESE SERVICES THE PUBLIC...WILL RESULT IN INCREASED OVERALL REVENUES AND FAR MORE EFFICIENT MEANS OF COLLECTING THEM ELECTRONICALLY... REMEMBER ALMOST 80% OF ELECTRICITY TAXES AND DUES WERE LEFT ON THE TABLE...THIS WILL ASSURE 100% EFFICIENCY...AND THESE AGAIN...ARE NON OIL REVENUES...
9-4-2016 Intel Guru Frank26 The HCL is in the budget...Abadi activated the HCL that is in the budget…The reason the HCL is in the budget is because of Article 140...just recently the Kurdistan and Iraq agreed on everything...all the way down to Article 140...and it caused the HCL to become activated inside of the budget...now they need for Parliament to do the final steps of the HCL...because the HCL was passed years ago...has now been activated but is not done. Parliament is dealing with these final steps…We know that the HCL is activated…because Kurdistan is now pumping their oil through their oil pipeline that was closed since March 2016...the Kurds only want their money…and that is why you don’t see the e-dinars or the IEX on September 2nd because they haven’t raised the value of their currency yet...the rate change is needed for many things...it is in demand to the budgetary issues of the 2017 budget.
9-4-2016 Intel Guru ADMINBILL ALL OF THE INFORMATION THAT IS COMING IN THIS WEEKEND FROM MULTIPLE SOURCES INDICATES THAT ...EVERYTHING HAS BEEN COMPLETED WITH THE FINALIZATION THROUGH THE BIS NEARING AN END. BASED UPON WHAT I HAVE BEEN HEARING FROM THE MAJORITY OF MY SOURCES I BELIEVE WE MAY SEE THE JOURNEY END THIS WEEK. COULD I BE WRONG? OF COURSE. BUT, IN ANY CASE, WE ARE SO CLOSE IT DOES NOT MATTER WHETHER IT IS THIS WEEK OR THE END OF THE MONTH. I WILL TAKE EITHER TIME FRAME. [post 2 of 2]
9-4-2016 Intel Guru ADMINBILL MY SOURCES ARE TELLING ME THAT THIS WILL BE A RECORD SETTING SEASON FOR HOME SALES, LUXURY CAR SALES AND ALL SORTS OF ITEMS THAT WILL STIMULATE OUR ECONOMY. WHERE ARE WE TODAY? THERE IS MUCH ACTIVITY TAKING PLACE IN A SPECIFIC LOCATION THAT WILL LEAD TO THE QUIET RELEASE OF THE RATES. I DO NOT BELIEVE THIS WILL OCCUR UNTIL TUESDAY OR WEDNESDAY OF THIS WEEK FROM WHAT I HAVE BEEN INFORMED. [post 1 of 2....stay tuned]
9-4-2016 Newshound Guru mike ...I would say no, nothing is static. Can they get it done? Sure. Am I following these guys with the hope and confidence that nothing can stay this messed up forever? Absolutely. I believe the dinar will appreciate in the future... I just don't jump up and down every time an Iraqi politician says they're going to do something because nine times out of ten, they don't do anything, they just give lip service to the citizens and whoever they're trying to borrow money from. Here's hoping something relevant changes...in the coming day. [post 2 of 2]
9-4-2016 Newshound Guru mike Abadi promised a crack down on corruption and a replacement of quota based politicians based on their merits, technocrats. So far, he's got 33% of the corruption measures (in his own words) in place and we still don't have a Interior Minister, Defense Minister or technocrats. Abadi promised the citizens a robust and growing economy by using the private sector, how's that working out? We still sit and wait on banking and economic laws to support the CBI's move to Article VIII... The AML is the only significant piece of legislation to come out of the Abadi camp, even the Amnesty Law is flawed on many levels. ...do I think Iraq is the same as it was three years ago... [post 1 of 2....stay tuned]
9-4-2016 Newshound Guru rcookie PARLIAMENT COMMITTEE REVEALS 0% CORRUPTION CONCERNING JICA LOAN DUE TO DIRECT INVOLVEMENT OF JAPANESE AUTHORITIES TO OVERSEE DIRECT APPLICATION OF FUNDING AND PROJECTS...WHICH IS EXACTLY WHY WB AND IDB ARE ACTING AS DIRECT LENDING AGENTS TO THE PROVINCES IN DEVELOPMENT PROJECT FUNDING EXECUTION... SEE WHAT IS POSSIBLE AND IN FACT HAPPENS WHEN THE CORRUPT CENTRAL IS MINIMIZED OR ELIMINATED FROM THE PROCESS...THINGS GET DONE!
9-3-2016 Newshound/Intel Guru BGG "...the House of Representatives sent, during the last two days of the amnesty law to the presidency of the republic to see the paragraphs, materials and approved for publication in the Official Gazette." General Amnesty will be law. I guess it didn't happen - and get published in the Gazette weeks ago ...looks like the next 2 days or so...IMF, WB and UN are behind this. For sure. ...things are moving ahead for Iraq DOUBLE TIME...
9-3-2016 Newshound Guru rcookie [in everything i have read from the IMF AND WB NO WHERE DOES IT SAY HCL IMO] COMPLETELY AGREE!! ...LOOK OVER EXCHANGE RATE VALUE DETERMINANTS...NO HCL TO BE FOUND!!
9-3-2016 Intel Guru ADMINBILL ANOTHER WEEKEND SATURDAY IS UPON DINARLAND...WHERE ARE WE TODAY? MANY SITES, GURUS, INTEL PROVIDERS, NEWS OUTLETS AND EVENTS OF THE DAY POINT TO SOMETHING SIGNIFICANT HAPPENING ANY TIME AND ANY MOMENT. THE MAJORITY OF MY CONTACTS CERTAINLY FEEL WE ARE NEAR THE FINAL SOLUTION. REPORTS FROM IRAQ ARE INDICATING THEY HAVE BEEN INVITED TO MOVE FORWARD. THE SUCCESSION OF SIGNIFICANT EVENTS BEGINNING THIS SUMMER AND MOVING INTO FALL HAS PLACED US IN A VERY OPPORTUNE MONTH TO COMPLETE THE PROCESS AND MOVE ON.
9-3-2016 Newshound/Intel Guru BGG [do you think they will actually get a successful no confidence vote on zebari?] I think it's a foregone conclusion. He's swinging every direction possible. He's desperate. He was trying to blame Maliki for his demise - less than 24hrs ago. IMHO - they will start with ZEBARI and there will major players on all sides "bite the dust". ...my sense is - there is far more to this story than we know. [any chance this no confidence vote on Zebari has an impact on the HCL being implemented?] IMHO - no chance.
9-3-2016 Intel/Newshound Guru tman23 A RV from rags to riches is pure speculation...Lifting the 3 zeros at the start of the New Year has been their topic in ink for years...How they will treat the 3 zero notes we hold is pure speculation... WE hope for rags to riches...BUT the only thing for certain is currency reform which includes removing 3 zeros from currency notes...and if that means NEW CURRENCY or includes the currency we hold also...that is the reality of it!
9-3-2016 Intel/Newshound Guru Backdoc UPDATE ON THE IEX...THERE DOESN'T APPEAR TO BE LIVE PUBLIC TRADING UNTIL SOMETIME AFTER THE 15TH OF SEPT.! COULD THIS BE WHY THE BUDGET NEEDS TO BE PASSED BY THE 10TH? HMMMM.
9-3-2016 Newshound Guru Chattels [ you feel no rv this year?] Unlikely in my view of things. I hope that " IT " will happen eventually... My view is principally influenced by " experts " not involved in currency reform. I look at / for " RELATIVE " stability and security in Iraq as a condition precedent or attendant to an increase in currency values.
9-3-2016 Intel/Newshound Guru Mnt Goat Article: "Erbil and Baghdad reach agreement on Kirkuk oil exports" More news about HCL. Seems agreements have been made but...It is not all done or enforceable (problem all along with past agreements) until they pass the HCL law and make it all legal and binding. They are hoping to finally nail this down and complete HCL this time around. They also needed to get the 2017 budget done since it contains the expected barrel output of oil to fulfill the budget that must also be agreed upon by Kurdistan. But they are working on it and we should see HCL in the coming weeks get voted on in parliament.
9-2-2016 Newshound Guru Aggiedad77 Article: " Hoshyar Zebari, the documents reveal the scandal for converting large sum of money "with forged papers" into account, "Hamad al-Moussawi" Quote: "Finance Minister Hoshyar Zebari revealed converter Huda Al-Ahli Bank director and member of the state law called Hamad al-Moussawi, an amount of 6 billion and 450 million dollars for his personal account." Well...well...well...if you are going to hang me out to dry...let me see how many names I can cook up that can go along with me...everyone better be getting very nervous...the birds are starting to sing a swan song.
9-2-2016 Intel/Newshound Guru Mnt Goat I am being told that if they stay on their timeframe, can handle ISIS up north and get all the needed laws passed, we will see the articles begin to appear sometime in mid to late October 2016 and they will then be moving towards a late 2016/early 2017 target. The CBI has told me they will guide us through the entire RV process as it is a multi-stage process. So far in the two instances when they almost RV’d (and it was postponed due to security and stability reasons) they did just that and inundated us with articles about the process and how it was all going to work. So my contact has told me once again they will do the same in preparation for the 2017 RV target and so expect to see once a forthcoming inundation of articles and news about the process as they re-educate the citizens of Iraq (and us) once again. [post 2 of 2]
9-2-2016 Intel/Newshound Guru Mnt Goat Today I bring you yet more good news...the final passing of the HCL thru parliament was inevitable and just a matter of a short time. It MUST get passage in parliament to become law and be done...When this final passage in parliament does happen it will be larger than HUGE. It will be greater than the Amnesty law we witnessed last week. ...also...there are some other contentious laws that have been kicking the can down the road. The Iraqi news has talked about the Accountability and Justice law many times in the recent past...it appears there were some disputes with the law and the UN had to get involved to help settle the disputes and negotiate. ...there is an overall plan being executed with all these needed laws... The train is fast moving down the track. We all know what the final destination of this train ride will be and where it will bring us..hint...hint…lol. [post 1 of 2....stay tuned]
9-2-2016 Intel Guru Frank26 [Didn't a wise man once say "when you see the HCL a minute latter you will see the rate".] Yes. You have HCL in Budget... You have DRS [Dr. Shabibi ?] talking...You have a Budget in this month before the 10th as A [Abadi ?] said...
9-2-2016 Newshound Guru wmawhite [Revaluation has to...have HCL in place?] ...items used to determine the value of a currency...I do not remember anything on the list about an HCL...the HCL is an internal issue to Iraq and Kurdistan and pertains to oil revenues. It is a budget issue.
9-2-2016 Intel Guru ADMINBILL TODAY COULD VERY BE A BELLRINGER. VERY POSITIVE ARTICLES AND NEWS.
9-2-2016 Newshound Guru rcookie [Did the HCL really pass today?] NO... THERE WERE DISCUSSIONS ON OIL AGREEMENT BETWEEN BAGHDAD & ERBIL AT TUESDAYS MEETING BETWEEN BARZANI ABADI & JABOURI ...FOR PURPOSES OF THE 2017 BUDGET...
9-2-2016 Intel Guru Frank26 Video: "activation of the oil agreement between Baghdad and Erbil Thursday" Quote: "Activation of the previous agreement between Baghdad and Erbil regarding the export of oil and the two sides vowed to abide by its provisions apply..." BINGO!!! TEAMS heard it in Arabic...This is real BUT...We seek MORE confirmation...You see ...The key word is Activation for it has been Passed years ago ...Just never Activated inside their Budget! IMO ...This is Tremendous!
9-2-2016 Intel Guru Bruce Iraq is happy... Iraq had a rate on their smart cards over 5 dollars now over 6 dollars. Today, but no evidence of rate changes, but a significant increase for the dinar and the dong the last day or two. I don’t know what they are. Beware that the rates on those if you hold them are going to be really good, better than we thought. I am excited about that. WE believe the majority of everything is complete. We think we should be at a point of receiving of notifications we are looking for in a timely matter, anytime now...we are exactly where we need to be. [post 2 of 2]
9-2-2016 Intel Guru Bruce [via PinkRoses] I think we are in a great place... WE have heard from number of people out there this is our week. Maybe we are in the moment literally. I don’t take that lightly. I try to bring an accurate picture to keep you informed as yet grounded in what is being said...and try to piece together from different sources. Iraq and timing in the release to this came back to the last laws passed in Iraq, the judicial laws, amnesty law. The final aspect of those laws made it into the Gazette and people arrested that were causing trouble over there in Iraq. It came down to for Iraq to be liberated and currency to become international were accomplished. [post 1 of 2....stay tuned]
9-2-2016 Intel Guru Frank26 I do not know if we will see an RV this year or not…but I have told you very clearly that we are in the RI state for the fiscal part that starts on October 1st...you will see...God willing...the budget and things next month in September in the middle that will guide us and tell us more about that...
9-1-2016 Newshound Guru Adam Montana [I thought it would be the Central Bank of Iraq calling the shots, how is it that now Iran is somewhat influencing said fixed interest rates they'll have that other major lenders have been protesting?] You bring up a valid point, but I'll assure you that I'm not worried about Iran's influence. Of course they do have "an" influence, but at the end of the day it's not going to be a "major" influence, and that's the only thing I would worry about. Here's looking to a SOLID SEPTEMBER!
9-1-2016 Newshound Guru rcookie IT IS OFFICIAL JAAFARI IS NEXT ON STAND...AND THE LIST OF HIS CORRUPTION CHARGES IS LONG & DISTINGUISHED...AND OFFICIALLY ZEBARI WITHDRAWL OF CONFIDENCE WILL BE TUESDAY!!
9-1-2016 Newshound Guru Aggiedad77 Article quotes: "Abadi and the Committee on Energy Ministerial announce the success of the smart meters and provide 24 hours of electricity a second area of Baghdad" "The approval obtained to finance the reconstruction of Ramadi Barrage to secure the water quotas of the provinces along the Euphrates basin and to provide citizens with drinking water" Signs...signs...and more signs...of good things coming to Iraqi citizens...electricity and water resources...Abadi is making the mountain move and he is doing things that catch the citizen's eye and attention...stop the corruption and put the money where it can be of benefit for those it was intended in the first place.
9-1-2016 Intel Guru ADMINBILL HERE IT IS THE FIRST OF SEPTEMBER. SOURCES STILL SAYING WE ARE THERE WHILE OTHERS SAYING NOT QUITE. WHAT A ROLLER COASTER.
9-1-2016 Newshound Guru rcookie Article: "Washington reveal the volume of trade with Baghdad during the 2016" Quote: "...in terms of trade for the current year it since the beginning of 2016 until the present month of August, the bilateral trade exceeded between the two countries Al2.6 billion dollars," pointing out that "the business of US-led American Chamber of Commerce, which has re-work sector recently he expressed great interest in investing in Iraq in non-oil sectors." THERE IS A DESIRE AMONG AMERICAN COMPANIES TO INVEST IN IRAQ...$12.6 BILLION...
9-1-2016 Intel Guru Frank26 If they do have the budget and they do have a 1 to 1 rate and they do enter the fiscal year with that budget...then their physical year, the calendar year of January 1st that is our turn...everything right now with an RI is in-country and the RV is outside of that country...and the RV won’t start until that budget is officially released IMO because it will have the 1 to 1 rate and it won’t be released to Iraq internally until January 1st...it will be visible for the international world in the fiscal sense...the financial sense on November 1st...so let’s see what kind of peek we get. When the budget was established in dinars it was in trillions...but the fact that they are now telling you in billions makes me feel...IMO...that it is in USD and if it is then we have a good chance of it being 1 to 1 with the Iraqi dinar.
9-1-2016 Newshound Guru Adam Montana [I have been struggling over the issue of the 50K note. Is this detrimental or a good thing with regards to our Investment ? If the Dinar was to RV in a relatively short order, why would they even need it?] non issue.
9-1-2016 Newshound Guru rcookie Quote: "...but now the IMF since December has made it very clear it is 1 to 1...plus...every time an article comes out from the GOI or the CBI or some Financial Committee member it is always 1 to 1." THE IMF HAS MADE NO SUCH THING VERY CLEAR...AND NEVER....EVER...EVER WOULD... "EVERY TIME A CBI OR FINANCE COMMITTEE MEMBER SAYS ITS 1 TO 1" ...NOT A SINGLE SOLITARY SOURCE I HAVE READ HAS SAID THAT. [reference Guru Frank26 post 2 of 3, 8-31-2016]
9-1-2016 Newshound Guru Adam Montana [Is it true that Iraq's fiscal year starts on October 1st? And if it does, do you think that makes Oct 1 a more likely date for an RV...?] I don't see the fiscal year as an "RV Date", actually the opposite - they won't want to give anyone a "clue" as to their plans.
9-1-2016 Intel Guru SteveI Article quotes: "...the meeting Abadi officials Kurds, seen to reach agreement on «hold technical talks between the Federal Ministry of Oil and Mineral Resources in the province on the oil file»." "...The «approve oil and gas law formula that satisfies all the political parties, would be a positive sign towards the development and construction of state institutions..." Very nice to see all of this come together.
9-1-2016 Newshound Guru Islandg1211 Additionally, the Council of Ministers have agreed on a draft for the 2017 Budget, and plan to send it to the Parliament by mid-September. The Amnesty Law was finally passed. Obeidi, the Defense Minister was fired over corruption charges. Zebari, the Finance Minister may also be fired over corruption charges. The war on corruption is beginning with the passing of laws and the questioning and dismissing of high level officials. Iraq was lost because of corruption and terrorism, and both have to be addressed. [post 3 of 3]
9-1-2016 Newshound Guru Islandg1211 Resolving the differences between the Kurds and Iraq has been a major hindrance to any meaningful progress for Iraq. The Kurds have always been able to delay laws moving forward within the GOI. The HCL could never be passed nor implemented without an agreement over the Kirkuk oil fields. Retaking Mosul could not have gone forward without an agreement with the Kurds. These two agreements with the Kurds is VERY important and is Real Progress. Finally! [post 2 of 3.... stay tuned]
9-1-2016 Newshound Guru Islandg1211 We have excellent news! This agreement with the Kurds over Kirkuk is Very Important! No RV until Article 140 had been resolved. Getting an agreement with the Kurds is extremely important. The meetings between Barzani and Abadi are going very well, with the two most crucial issues being settled. In a press statement, Barzani announced yesterday that an agreement over post-liberation Mosul's government has been reached between Baghdad and Erbil. Today, it was announced that an agreement over Kirkuk's oil was reached between Baghdad and the Kurds. Article 140 has been in contention because the Kurds wanted the Kirkuk oil fields. Today's agreement splits the oil in half and the expenses. [post 1 of 3....stay tuned]
8-31-2016 Newshound Guru Adam Montana [...your prediction for the RV, you stated at .10. I was wondering at what speed do you think it is going to float or "rise" up from that rate?] Regarding the rate, I DO still like the .10 theory! I regularly re-evaluate my original thoughts as outlined in my thesis, and as of right now they continue to hold strong. I could be wrong, of course! But to the best of my capabilities, the ten cents is still my peg.
8-31-2016 Intel/Newshound Guru Mnt Goat Recommitted work towards the finalization of the oil and gas law. Abadi and Jubouri are not going to stop until they get the draft oil and gas law ( or HCL), passed in parliament to become legal and a binding law. All the news points in a positive direction... Amazingly after almost 8 years finally we experienced the Amnesty law passed last week. Now amazingly, another miracle is about to happen. We will soon see the HCL passed. Other laws too are on the agenda and coming soon. So there is a deadline. I know the target date and so we see the progress moving at a very rapid rate now. [post 2 of 2]
8-31-2016 Intel/Newshound Guru Mnt Goat Here we are one day from September 2016 already. Iraq is moving at an exhilarated rate forward beyond my wildest dreams. Yes- they have a target timeframe for better security, better stability thus better days ahead. I can hardly believe the news. I was told by my contacts that we should now watch for the HCL. So lo and behold what do we see in the recent news? Article: "Iraqi gov’t, Kurds to start talks on oil dispute" Quote: "The Iraqi government and the Kurdish regional authorities agreed to start talks to resolve a dispute on oil revenue-sharing that is holding back the nation’s crude exports, according to a statement from the Iraqi prime minister’s office." [post 1 of 2....stay tuned]
8-31-2016 Intel Guru ADMINBILL ANOTHER DAY OF GREAT EXPECTATIONS ACROSS DINARLAND. AS USUAL WE MUST BE REALISTIC AND LOOK AT OTHER POSSIBILITIES. WITH THAT IN MIND AND WITH NO OTHER INFORMATION AT HAND SO FAR THIS MORNING, I WILL SHARE WHAT ONE OF MY CONTACTS SHARED WITH ME THIS MORNING. "Cause and affect take a little time, so don't look to cash in right away. 9/23 to 10/1 are dates to watch." [That is info from one of your contacts...but you, yourself, are you still hearing September 1st? Has the date moved out again? Are you no longer hearing the possibility of tonight?] I HAVE NOT HEARD ANYTHING SO FAR TODAY TO LEAD ME TO BELIEVE THAT TODAY IS NOT THE DAY, BUT WE WOULD BE FOOLISH NOT TO CONSIDER OTHER OPINIONS...AS LONG AS THEY ARE BACKED UP WITH ASTUTE OBSERVATIONS AND FACTS, AND NOT JUST AN OPINION WITH NO BASIS.
8-31-2016 Newshound Guru Adam Montana I'm at a loss here... I want to start typing and just "spill the beans" on everything I've got. I actually started and stopped, not once. Not twice... Not even 3 times, but a lot more. I'm hearing, from good sources that I trust, that things are moving in EXACTLY the direction that we want. But after all this time, I've learned to bridle my excitement, to keep my enthusiasm in check, and to not get overly anxious. I'm optimistic right now, but we all know we're working with a 3rd world country, so let's just stay patient for now. I'm hoping to give a different update shortly.
8-31-2016 Intel Guru Frank26 You will see IMO...Abadi giving you a liberated Mosul with a flag in the center of it...you see IMO...the beginning...disclosure...of the 2017 budget...you will see the electronic and digital steps starting...you are going to see and hear things much more clearly in the month of September...let’s see what happens between now and the 9th of September...because from the 9th to the 30th things will become solidified...much clearer in understanding...you will be able to see visually that the things they have said...they are doing them...right before your eyes...that will lead to their budget...that will lead to their Monetary Reform. [post 3 of 3]
8-31-2016 Intel Guru Frank26 The IMF also told Abadi you need to reduce your GOI ministers and he did...he went from 22 cabinet members to 12... Abadi can and will get the reforms done...the Economic and the Financial Reforms... It is all coming together IOO in order to create order within Iraq. They are going to remove the MCP of the other currencies they are using...they won’t use the USD but they will be pegged to it...they need to stop using foreign currency now that they are about to come out with a budget....and if it comes out 1 to 1...you need to understand that was the whole plan from December. 2012 might have been at 10 cents, 20 cents, 30 cents, whatever...but now the IMF since December has made it very clear it is 1 to 1...plus...every time an article comes out from the GOI or the CBI or some Financial Committee member it is always 1 to 1...I am of the school that they will come out at 1 to 1. [post 2 of 3....stay tuned]
8-31-2016 Intel Guru Frank26 ...the Monetary Reform of the Iraqi dinar is picking up pace in all areas...September, IMO...will reveal a bunch of stuff... IMO...there is about four billion 000’s notes that are out there...we want to get down to at least one billion in our note count that is out there...now I think and I feel they are being very successful in this approach... So as Abadi deals with the GOI and the budget and all of these things for the Monetary Reform...the killing of ISIS and the preparation of Mosul is coming along very well. ...once they are done with this stuff they are doing right...we are going to see the Monetary Reform speed up better...what is going on right now is actually...kind of like a performance for the international world... I also suggest to you IMO the HCL is done...but it is not implemented...but it is ready... [post 1 of 3....stay tuned]
8-31-2016 Newshound Guru Kaperoni Article: "Central urges expansion of banking activities" They are starting to roll out banking reforms, ever so slowly. You cannot have private investment or a market economy without it. We need laws but the wheels are turning.
8-31-2016 Newshound Guru rcookie [how about a reality, (real) rate based on their assets?] A COUNTRIES ASSETS ARE ONY A SMALL PORTION OF BASIS OF CURRENCY VALUATION...ASSETS ARE BARELY IN TOP 10 DETERMINANTS...WE SHOULD BE LOOKING AT INFLATION...INTEREST RATES...CURRENT ACCOUNT DEFICITS (TRADE BALANCE)... PUBLIC DEBT...TERMS OF TRADE BALANCE OF PAYMENTS...AND POLITICAL STABILITY & ECONOMIC PERFORMANCE.
8-31-2016 Intel Guru Bruce ...it is very quiet overall. We know a lot happened in Iraq that is relevant to the timing of this going. WE know Iraq has passed and enacted the two laws...judicial law...and amnesty law ...and printed in Gazette. The key cards have been out; the rates on these cards are over 5 dollars. Iraq has plans to go up on their rates from where it is now. WE understand there is a time line and we are at the end of the timeline. WE are coming down to the wire.
8-30-2016 Newshound Guru rcookie Article: "Urgent: Cabinet vote on the 2017 budget" Quote: "Cabinet voted Tuesday 2017..itba the draft budget law." SO...CABINET HAS VOTED ON 2017 BUDGET AFTER AMENDMENTS..
8-30-2016 Intel Guru SteveI ...they will change the value on their terms and timeline, so just let it come to you, and it will.
8-30-2016 Newshound Guru rcookie Article: "Urgent: the capture of the private financial officer to "Khaled al-Obeidi" Quote: "Issued judiciary on Tuesday ordered the arrest of chief financial officer of the former defense minister." ...[THEY] ARE FALLING LIKE DOMINOES...335 CORRUPTION CASES RETURNING 335 MILLION IQD TO STATE TREASURY...IN JULY ALONE!
8-30-2016 Newshound/Intel Guru BGG [Kurdistan wants to secede and Obeidi said OK, whats up with that?] Obeidi is gone...He carries no weight - whatsoever...However, Abadi - on the other hand, may "project" he is OK with that (for now)... but I don't see it. The Kurds don't have the money or ability. They know it. They are just pushing for whatever they can get...maybe they are after some territorial concessions... threaten to leave... stay if they get some additional territories... or get some solid hold on what should have been theirs all along...one way or the other - they will stay.
8-30-2016 Intel Guru ADMINBILL THOSE THAT ARE TALKING ARE ALL SAYING THAT ON OR BEFORE SEPTEMBER 1, 2016 IS SIGNIFICANT FOR DINARLAND. WORD IS THAT IRAQ SHOULD SEE THE RELEASE OF THEIR NEW PAPER AND COIN CURRENCY TODAY. ALL IS SAID TO BE COMPLETED WITH THE INCLUSION OF A CERTAIN 2013 DECREE TO BECOME ACTIVE AUGUST 31ST. THOSE THAT I TALK TO CONTINUE TO BE VERY POSITIVE. SO ARE THEIR SOURCES.
8-30-2016 Newshound Guru Phoenix3333 Article: "Oil Minister Pledges To Increase Production And Open Investment Prospects" Oil Minister Jabbar Laibi vowed to proceed with the negotiations with the licensing rounds firms to handle contracts concluded with them loopholes that they contain, vowing to increase oil production and the opening of investment prospects for the development of the filter sector, as called for a balance between supply and demand in the oil market, he emphasized his support for the policy of OPEC and strengthened."
8-30-2016 Newshound/Intel Guru BGG [How long do you think they need before the change the value of dinar.] they are moving FAST... things look good.
8-30-2016 Intel Guru ADMINBILL I AM HOPING THE NOISE I AM HEARING ABOUT SEPTEMBER 1ST ARE MEANINGFUL. SINCE WE ARE NOT THAT FAR AWAY WE WILL NOT HAVE LONG TO WAIT TO FIND OUT. I HAVE SEVERAL CONTACTS THAT ARE VERY EXCITED STILL ABOUT THIS MONTH AND SEPTEMBER 1ST WORKS IN THEIR SCENARIO AS WELL AS AUGUST 31ST IN MY OPINION. COULD IT BE LATER? THAT'S A RHETORICAL QUESTION OF COURSE. THIS IS DINARLAND. THE ODDS OF THIS BEING COMPLETED BASED UPON PAST EXPERIENCE IS ALWAYS AGAINST US BUT ONE DAY SOON IT WILL BE.
8-30-2016 Intel/Newshound Guru tman23 The last comment from the CBI regarding the 2013 IQD series was that the new 50,000 note "COMPLETED" the 2013 series... The question now is... Does the CBI have a 2016 series ready that include the 3 zeros on the notes...or do they have lower denominations printed... The liberation of Mosul could be the event that lifts off the announcement of currency reform implementation as a security measure to ISIS and the theft of IQD etc... BUT that does not exclude the possibility that Iraq could make the announcement tomorrow or the next day... [post 2 of 2]
9-6-2016 Intel Guru Dr. Clarke The timeline has not changed. Last week of SEPTEMBER, is when Official, Public Rates, substantially move up for the Iraq Dinar. 1st Week of October is when ANYONE can exchange their Dinar, if they choose. It's the 3rd & Final part of the "Plan". Here's our Disclaimer: In our Belief...Opinion, Guess, Possibility, Maybe, Perhaps, Prediction, or whatever else you want to add to these words...2016 is the final year, that Iraq will be forced to continue a low, program rate...Drop ALL your logical timelines, happenings and events, folks. This is Why: The people of Iraq are NOW being paid. This is Why you don't see any riots & uprisings right now, and haven't been for a few weeks. They're being satisfied, because the money is finally flowing... [post 1 of 2....stay tuned]
9-6-2016 Newshound Guru Kaperoni Article: "Central Bank announces bank equip Rafidain and Rasheed dollar " Quote: "The Central Bank of Iraq, Tuesday, for processing bank Rafidain and Rasheed dollars to expand the cash sales outlets." This just means they are liberalizing the foreign exchange as the IMF requests in the SBA making dollars more available. A condition to reduce the spread and get within 2%. The ultimate goal..compliance and move to Article VIII. The auction can't go away until that happens. These moves were all documented earlier this year. It just take time for the CBI to do them. Now we watch and see if the spread comes comes down as a result.
9-6-2016 Intel/Newshound Guru Mnt Goat This is what they mean with the CBI and finance committee claims they will slowly, gradually launch the new denominations. They are talking about initially launching some paper currency (the new lower denoms) and then later, after an RV, launching the new coins. This is the process. ...another good topic today, that of the very recent announcement of the Central bank's (CBI) intention to issue a new edition of 100,000 dinars category to the market. This is what we do know as FACTual - the CBI has told us the 50,000 and 100,000 notes are the last remaining large notes to be issued in currency reform. These notes are NOT FOR PUBLIC USE on the everyday streets as they are for inter-banking transactions (between nations) where larger notes are needed (international trade…hint..hint..hint..). So is it not a logical conclusion they are getting close and preparing for some kind of major change such as an “international” rollout of their currency thus going from a “CLOSED” economy to an "OPEN MARKET” (or global economy)...this means going to FREE Global/ International markets. [post 3 of 3]
9-6-2016 Intel/Newshound Guru Mnt Goat ...they are openly talking again about the dinar and the new lower denominations. This is exactly what we want to hear at this point in time. The project to delete the zeros is ongoing... So why do you think they have launched the e-dinar? Think about it – how much more of the hard currency will be out of circulation in just a month of using e-dinar and not having people walking around with bulging pockets of paper notes? I firmly believe this is going to be the tipping point for getting to the ratio of currency they want to remain in circulation. It is the final step in this direction of collection of the large 3 zero notes, at least enough so they can launch the lower denoms. Remember too that included in the launching of the lower denoms is also coins. These metal coins can not be circulated without a significant increase in value... [post 2 of 3....stay tuned]
9-6-2016 Intel/Newshound Guru Mnt Goat So today let me point out to you yet more signs that tells us about my recent claim for a possible RV in the window of Sept thru Jan 2017. First we know that Iraq has worked very hard to get to a point where they can quality for "full" ascension to the WTO. Right now they are in "observer" status. They can attend meetings, get trained, get help and share their issues but they do not yet have all the benefits nor take on all the responsibility and rules of a member nation. But this is all about to change as the IMF us telling us...that Iraq is about to get "full" status. But first they must complete some mandated reforms... Article quote: "revealed that Iraq is a candidate for accession to the World Trade Organization, and as pointed to the need for the Iraqi government some major reforms..." But this is not the only good news... [post 1 of 3....stay tuned]
9-6-2016 Newshound Guru Phoenix3333 Article: "Ammar al-Hakim appointed head of Iraq’s largest political parliamentary bloc" Quotes: "Members of the largest Iraqi political bloc have elected the head of the Islamic Supreme Council of Iraq (ISCI) Party as their new leader." "An informed source said on Sunday that Ammar al-Hakim, the leader of the ISCI, has been appointed the head of the Iraqi National Alliance (INA) for one year..." "...Hakim will now be replacing Iraq’s Foreign Minister and former Prime Minister Ibrahim Jaafari as the head of the alliance..."
9-6-2016 Newshound Guru rcookie [...I thought the auctions were set up to get the USD off the streets?] THE AUCTIONS ARE TO ALLOW IRAQ THE ABILITY TO CONDUCT BUSINESS AND TRADE AND PAY FOR THE GOODS AND SERVICES AND HAVE AN ACCEPTED CURRENCY TO PAY VENDORS WITH AND NOT BE ANNIHILATED BY LACKE OF VALUE AND HAVING TO PAY A THOUSAND TIMES MOEE FOR THOSE GOODS IN THE PROCESS... ADDITIONALLY...CITIZENS TRAVELING ABROAD...STUDENTS ...OR PEOPLE RECEIVING MEDICAL TREATMENTS...THAT NEED TO HAVE A RECOGNIZED ACCEPTED CURRENCY WITH THEM ARE ALLOWED TO TAKE...BUT WITH CAP RESTRICTIONS.
9-6-2016 Intel Guru Frank26 In Iraq -business that trade out of Iraq has to do everything in dollars. Auctions allow for them to buy dollars and then purchase the products from outside of their country. That is because they are not international and currency is worthless. Now they have letters of credit like you and me with any bank, so they have more time to pay the debt ie 30 days net, instead of cash when they order. This does eliminate the dual currencies which the iMF wants them to do and become a member of WTO. This all means they may have time to pay but they need to pay with their own currency and not the dollar. Which IMO leads then to RI/RV the dinar, and not much time to do it by the way. NO BODY IS GOING TO GIVE IRAQ AN LOC IF THEY ARE NOT GOING TO PAY IN DINARS...in our OPINION.
9-6-2016 Newshound Guru rcookie Article: "Parliament will vote on bills and other discuss in its session on Tuesday" SO.....PARLIAMENT IS WORKING TOMOROW...[TUESDAY].
9-5-2016 Newshound Guru Kaperoni Article: "Washington suggest the IMF projects growth of non-oil sector in Iraq by 2018 " Quote: "...spokesman for the US embassy, that "Iraq needs to do some major reforms to improve its climate for investment for both Iraqi and foreign parties..." What this means to me is the US expects currency reform soon.
9-5-2016 Intel Guru SteveI ...ISIS appears to be almost history. Awesome progress by all forces involved...what is left of them is huge news for all of us. Each day is one day closer with such great news.
9-5-2016 Newshound Guru rcookie MORE AND MORE TALK ON A DAILY BASIS FROM EVERY CORNER OF IRAQ...ABOUT THE DIRE ABSENCE OF HARD CURRENCY AND LIQUIDITY IN THE IRAQI MARKETPLACE...
9-5-2016 Intel Guru Frank26 ...Abadi told you he is 92% with his reforms...but ...where Abadi is done with 92% of the reforms in Iraq...he is only IMO 33% complete in the corruption files...the boxes and boxes of corrupt files... But of the boxes they have 100’s and 100’s of people...only six were of major issue...the United States very politely took junior by the ear and said look...clean up your room...they cleaned up the CBI and they are cleaning up the GOI. ...these are the six ministers who are extremely important in the boxes and boxes of criminal corrupt files that came to Abadi. #1 Obeidi...they got you #2 Zebari...they will get him next week….but...interesting what Zebari is doing to save himself right now. #3 Maliki...they will get to him...very soon. #4 Myswani. #5 Jafaari. #6 ??? IOO...that 92% includes the Monetary Reform...because corruption needs to stop...and it hasn’t...but it is improving dramatically...the Monetary Reform is waiting for the corruption reforms to catch up. There is not a single dime that is flowing out of Iraq that Iraq, the IMF and the United States is not aware of….that security level is beautiful right now…
9-5-2016 Newshound Guru rcookie WOW...LOOK AT THIS ANNOUNCEMENT OF AN INDUSTRIAL CITY PLANNED FOR EACH PROVINCE AND 2 IN BAGHDAD... "According to the blueprint set by the Government industrial city in each province" Article: "Sulaymaniyah announces rise in the number of tourists by 500% compared to last year" 500% INCREASE IN TOURISM. YEP...NOTHING GOING ON THERE...LOL...IT IS AMAZING!!
9-5-2016 Newshound Guru mike Article quotes: "...the Iraqi economy turned into a more market - oriented economy, being the focus of his business to deal with the international community, including the United States and other trading partners..." "...stressing that "Iraq is a candidate for accession to the World trade Organization." It's kind of hard to believe that Afghanistan got into the WTO before Iraq did, they've been telling them to reform for years, hopefully they get it done...in the coming days.
9-5-2016 Intel Guru ADMINBILL LATE EVENING REPORTS CONTINUES TO INDICATE POSITIVE MOVEMENT FOR THIS WEEK BUT COULD ALWAYS BE LATER. AGAIN I DO NOT BELIEVE BEFORE WEDNESDAY.
9-4-2016 Newshound Guru rcookie Article: "Washington suggest the IMF projects growth of non - oil sector in Iraq by 2018" Quote: "...the growth of the International Monetary Fund projects sectors is oil in Iraq by the year 2018, and revealed that Iraq is a candidate for accession to the World Trade Organization..." US MAKING STATEMENT IRAQ IS CANDIDATE FOR WTO ACCESSION...AND TIME TO COMPLETE MAJOR REFORMS TO IMPROVE THE INVESTMENT CLIMATE AND THE IMF & WASHINGTON HAVE IDENTIFIED SECTORS TO BE DEVELOPED TO ATTRACT INVESTMENT IN IRAQ...THEY ARE ANNOUNCING IRAQ IS READY FOR WTO ACCESSION! [AGAIN BEFORE THEY CAN JOIN...A REAL VALUE.] EXACTLY.
9-4-2016 Newshound Guru rcookie Article: "The Iraqi government plans to impose new taxes" OK...SO SEE HERE AGAIN...TAKEN RIGHT OUT OF IMF LOI/MEFP/TMU REVENUE REFORMS...THE FINANCE COMMITTEE CAN WHINE AND BLUSTER ALL THEY WANT...THE IMF IS DRIVING THE BUS..." JUST SIT DOWN AND BUCKLE YOUR SEAT BELT"! AND...HERE AS WITH THE NEWLY ANNOUNCED ELECTRONIC DIRECT DEBIT COLLECTION OF ELECTRICITY AND TELECOMMUNICATION DUES AND TAXES...ALONG WITH DRAMATICALLY IMPROVED PROVIDING OF THESE SERVICES THE PUBLIC...WILL RESULT IN INCREASED OVERALL REVENUES AND FAR MORE EFFICIENT MEANS OF COLLECTING THEM ELECTRONICALLY... REMEMBER ALMOST 80% OF ELECTRICITY TAXES AND DUES WERE LEFT ON THE TABLE...THIS WILL ASSURE 100% EFFICIENCY...AND THESE AGAIN...ARE NON OIL REVENUES...
9-4-2016 Intel Guru Frank26 The HCL is in the budget...Abadi activated the HCL that is in the budget…The reason the HCL is in the budget is because of Article 140...just recently the Kurdistan and Iraq agreed on everything...all the way down to Article 140...and it caused the HCL to become activated inside of the budget...now they need for Parliament to do the final steps of the HCL...because the HCL was passed years ago...has now been activated but is not done. Parliament is dealing with these final steps…We know that the HCL is activated…because Kurdistan is now pumping their oil through their oil pipeline that was closed since March 2016...the Kurds only want their money…and that is why you don’t see the e-dinars or the IEX on September 2nd because they haven’t raised the value of their currency yet...the rate change is needed for many things...it is in demand to the budgetary issues of the 2017 budget.
9-4-2016 Intel Guru ADMINBILL ALL OF THE INFORMATION THAT IS COMING IN THIS WEEKEND FROM MULTIPLE SOURCES INDICATES THAT ...EVERYTHING HAS BEEN COMPLETED WITH THE FINALIZATION THROUGH THE BIS NEARING AN END. BASED UPON WHAT I HAVE BEEN HEARING FROM THE MAJORITY OF MY SOURCES I BELIEVE WE MAY SEE THE JOURNEY END THIS WEEK. COULD I BE WRONG? OF COURSE. BUT, IN ANY CASE, WE ARE SO CLOSE IT DOES NOT MATTER WHETHER IT IS THIS WEEK OR THE END OF THE MONTH. I WILL TAKE EITHER TIME FRAME. [post 2 of 2]
9-4-2016 Intel Guru ADMINBILL MY SOURCES ARE TELLING ME THAT THIS WILL BE A RECORD SETTING SEASON FOR HOME SALES, LUXURY CAR SALES AND ALL SORTS OF ITEMS THAT WILL STIMULATE OUR ECONOMY. WHERE ARE WE TODAY? THERE IS MUCH ACTIVITY TAKING PLACE IN A SPECIFIC LOCATION THAT WILL LEAD TO THE QUIET RELEASE OF THE RATES. I DO NOT BELIEVE THIS WILL OCCUR UNTIL TUESDAY OR WEDNESDAY OF THIS WEEK FROM WHAT I HAVE BEEN INFORMED. [post 1 of 2....stay tuned]
9-4-2016 Newshound Guru mike ...I would say no, nothing is static. Can they get it done? Sure. Am I following these guys with the hope and confidence that nothing can stay this messed up forever? Absolutely. I believe the dinar will appreciate in the future... I just don't jump up and down every time an Iraqi politician says they're going to do something because nine times out of ten, they don't do anything, they just give lip service to the citizens and whoever they're trying to borrow money from. Here's hoping something relevant changes...in the coming day. [post 2 of 2]
9-4-2016 Newshound Guru mike Abadi promised a crack down on corruption and a replacement of quota based politicians based on their merits, technocrats. So far, he's got 33% of the corruption measures (in his own words) in place and we still don't have a Interior Minister, Defense Minister or technocrats. Abadi promised the citizens a robust and growing economy by using the private sector, how's that working out? We still sit and wait on banking and economic laws to support the CBI's move to Article VIII... The AML is the only significant piece of legislation to come out of the Abadi camp, even the Amnesty Law is flawed on many levels. ...do I think Iraq is the same as it was three years ago... [post 1 of 2....stay tuned]
9-4-2016 Newshound Guru rcookie PARLIAMENT COMMITTEE REVEALS 0% CORRUPTION CONCERNING JICA LOAN DUE TO DIRECT INVOLVEMENT OF JAPANESE AUTHORITIES TO OVERSEE DIRECT APPLICATION OF FUNDING AND PROJECTS...WHICH IS EXACTLY WHY WB AND IDB ARE ACTING AS DIRECT LENDING AGENTS TO THE PROVINCES IN DEVELOPMENT PROJECT FUNDING EXECUTION... SEE WHAT IS POSSIBLE AND IN FACT HAPPENS WHEN THE CORRUPT CENTRAL IS MINIMIZED OR ELIMINATED FROM THE PROCESS...THINGS GET DONE!
9-3-2016 Newshound/Intel Guru BGG "...the House of Representatives sent, during the last two days of the amnesty law to the presidency of the republic to see the paragraphs, materials and approved for publication in the Official Gazette." General Amnesty will be law. I guess it didn't happen - and get published in the Gazette weeks ago ...looks like the next 2 days or so...IMF, WB and UN are behind this. For sure. ...things are moving ahead for Iraq DOUBLE TIME...
9-3-2016 Newshound Guru rcookie [in everything i have read from the IMF AND WB NO WHERE DOES IT SAY HCL IMO] COMPLETELY AGREE!! ...LOOK OVER EXCHANGE RATE VALUE DETERMINANTS...NO HCL TO BE FOUND!!
9-3-2016 Intel Guru ADMINBILL ANOTHER WEEKEND SATURDAY IS UPON DINARLAND...WHERE ARE WE TODAY? MANY SITES, GURUS, INTEL PROVIDERS, NEWS OUTLETS AND EVENTS OF THE DAY POINT TO SOMETHING SIGNIFICANT HAPPENING ANY TIME AND ANY MOMENT. THE MAJORITY OF MY CONTACTS CERTAINLY FEEL WE ARE NEAR THE FINAL SOLUTION. REPORTS FROM IRAQ ARE INDICATING THEY HAVE BEEN INVITED TO MOVE FORWARD. THE SUCCESSION OF SIGNIFICANT EVENTS BEGINNING THIS SUMMER AND MOVING INTO FALL HAS PLACED US IN A VERY OPPORTUNE MONTH TO COMPLETE THE PROCESS AND MOVE ON.
9-3-2016 Newshound/Intel Guru BGG [do you think they will actually get a successful no confidence vote on zebari?] I think it's a foregone conclusion. He's swinging every direction possible. He's desperate. He was trying to blame Maliki for his demise - less than 24hrs ago. IMHO - they will start with ZEBARI and there will major players on all sides "bite the dust". ...my sense is - there is far more to this story than we know. [any chance this no confidence vote on Zebari has an impact on the HCL being implemented?] IMHO - no chance.
9-3-2016 Intel/Newshound Guru tman23 A RV from rags to riches is pure speculation...Lifting the 3 zeros at the start of the New Year has been their topic in ink for years...How they will treat the 3 zero notes we hold is pure speculation... WE hope for rags to riches...BUT the only thing for certain is currency reform which includes removing 3 zeros from currency notes...and if that means NEW CURRENCY or includes the currency we hold also...that is the reality of it!
9-3-2016 Intel/Newshound Guru Backdoc UPDATE ON THE IEX...THERE DOESN'T APPEAR TO BE LIVE PUBLIC TRADING UNTIL SOMETIME AFTER THE 15TH OF SEPT.! COULD THIS BE WHY THE BUDGET NEEDS TO BE PASSED BY THE 10TH? HMMMM.
9-3-2016 Newshound Guru Chattels [ you feel no rv this year?] Unlikely in my view of things. I hope that " IT " will happen eventually... My view is principally influenced by " experts " not involved in currency reform. I look at / for " RELATIVE " stability and security in Iraq as a condition precedent or attendant to an increase in currency values.
9-3-2016 Intel/Newshound Guru Mnt Goat Article: "Erbil and Baghdad reach agreement on Kirkuk oil exports" More news about HCL. Seems agreements have been made but...It is not all done or enforceable (problem all along with past agreements) until they pass the HCL law and make it all legal and binding. They are hoping to finally nail this down and complete HCL this time around. They also needed to get the 2017 budget done since it contains the expected barrel output of oil to fulfill the budget that must also be agreed upon by Kurdistan. But they are working on it and we should see HCL in the coming weeks get voted on in parliament.
9-2-2016 Newshound Guru Aggiedad77 Article: " Hoshyar Zebari, the documents reveal the scandal for converting large sum of money "with forged papers" into account, "Hamad al-Moussawi" Quote: "Finance Minister Hoshyar Zebari revealed converter Huda Al-Ahli Bank director and member of the state law called Hamad al-Moussawi, an amount of 6 billion and 450 million dollars for his personal account." Well...well...well...if you are going to hang me out to dry...let me see how many names I can cook up that can go along with me...everyone better be getting very nervous...the birds are starting to sing a swan song.
9-2-2016 Intel/Newshound Guru Mnt Goat I am being told that if they stay on their timeframe, can handle ISIS up north and get all the needed laws passed, we will see the articles begin to appear sometime in mid to late October 2016 and they will then be moving towards a late 2016/early 2017 target. The CBI has told me they will guide us through the entire RV process as it is a multi-stage process. So far in the two instances when they almost RV’d (and it was postponed due to security and stability reasons) they did just that and inundated us with articles about the process and how it was all going to work. So my contact has told me once again they will do the same in preparation for the 2017 RV target and so expect to see once a forthcoming inundation of articles and news about the process as they re-educate the citizens of Iraq (and us) once again. [post 2 of 2]
9-2-2016 Intel/Newshound Guru Mnt Goat Today I bring you yet more good news...the final passing of the HCL thru parliament was inevitable and just a matter of a short time. It MUST get passage in parliament to become law and be done...When this final passage in parliament does happen it will be larger than HUGE. It will be greater than the Amnesty law we witnessed last week. ...also...there are some other contentious laws that have been kicking the can down the road. The Iraqi news has talked about the Accountability and Justice law many times in the recent past...it appears there were some disputes with the law and the UN had to get involved to help settle the disputes and negotiate. ...there is an overall plan being executed with all these needed laws... The train is fast moving down the track. We all know what the final destination of this train ride will be and where it will bring us..hint...hint…lol. [post 1 of 2....stay tuned]
9-2-2016 Intel Guru Frank26 [Didn't a wise man once say "when you see the HCL a minute latter you will see the rate".] Yes. You have HCL in Budget... You have DRS [Dr. Shabibi ?] talking...You have a Budget in this month before the 10th as A [Abadi ?] said...
9-2-2016 Newshound Guru wmawhite [Revaluation has to...have HCL in place?] ...items used to determine the value of a currency...I do not remember anything on the list about an HCL...the HCL is an internal issue to Iraq and Kurdistan and pertains to oil revenues. It is a budget issue.
9-2-2016 Intel Guru ADMINBILL TODAY COULD VERY BE A BELLRINGER. VERY POSITIVE ARTICLES AND NEWS.
9-2-2016 Newshound Guru rcookie [Did the HCL really pass today?] NO... THERE WERE DISCUSSIONS ON OIL AGREEMENT BETWEEN BAGHDAD & ERBIL AT TUESDAYS MEETING BETWEEN BARZANI ABADI & JABOURI ...FOR PURPOSES OF THE 2017 BUDGET...
9-2-2016 Intel Guru Frank26 Video: "activation of the oil agreement between Baghdad and Erbil Thursday" Quote: "Activation of the previous agreement between Baghdad and Erbil regarding the export of oil and the two sides vowed to abide by its provisions apply..." BINGO!!! TEAMS heard it in Arabic...This is real BUT...We seek MORE confirmation...You see ...The key word is Activation for it has been Passed years ago ...Just never Activated inside their Budget! IMO ...This is Tremendous!
9-2-2016 Intel Guru Bruce Iraq is happy... Iraq had a rate on their smart cards over 5 dollars now over 6 dollars. Today, but no evidence of rate changes, but a significant increase for the dinar and the dong the last day or two. I don’t know what they are. Beware that the rates on those if you hold them are going to be really good, better than we thought. I am excited about that. WE believe the majority of everything is complete. We think we should be at a point of receiving of notifications we are looking for in a timely matter, anytime now...we are exactly where we need to be. [post 2 of 2]
9-2-2016 Intel Guru Bruce [via PinkRoses] I think we are in a great place... WE have heard from number of people out there this is our week. Maybe we are in the moment literally. I don’t take that lightly. I try to bring an accurate picture to keep you informed as yet grounded in what is being said...and try to piece together from different sources. Iraq and timing in the release to this came back to the last laws passed in Iraq, the judicial laws, amnesty law. The final aspect of those laws made it into the Gazette and people arrested that were causing trouble over there in Iraq. It came down to for Iraq to be liberated and currency to become international were accomplished. [post 1 of 2....stay tuned]
9-2-2016 Intel Guru Frank26 I do not know if we will see an RV this year or not…but I have told you very clearly that we are in the RI state for the fiscal part that starts on October 1st...you will see...God willing...the budget and things next month in September in the middle that will guide us and tell us more about that...
9-1-2016 Newshound Guru Adam Montana [I thought it would be the Central Bank of Iraq calling the shots, how is it that now Iran is somewhat influencing said fixed interest rates they'll have that other major lenders have been protesting?] You bring up a valid point, but I'll assure you that I'm not worried about Iran's influence. Of course they do have "an" influence, but at the end of the day it's not going to be a "major" influence, and that's the only thing I would worry about. Here's looking to a SOLID SEPTEMBER!
9-1-2016 Newshound Guru rcookie IT IS OFFICIAL JAAFARI IS NEXT ON STAND...AND THE LIST OF HIS CORRUPTION CHARGES IS LONG & DISTINGUISHED...AND OFFICIALLY ZEBARI WITHDRAWL OF CONFIDENCE WILL BE TUESDAY!!
9-1-2016 Newshound Guru Aggiedad77 Article quotes: "Abadi and the Committee on Energy Ministerial announce the success of the smart meters and provide 24 hours of electricity a second area of Baghdad" "The approval obtained to finance the reconstruction of Ramadi Barrage to secure the water quotas of the provinces along the Euphrates basin and to provide citizens with drinking water" Signs...signs...and more signs...of good things coming to Iraqi citizens...electricity and water resources...Abadi is making the mountain move and he is doing things that catch the citizen's eye and attention...stop the corruption and put the money where it can be of benefit for those it was intended in the first place.
9-1-2016 Intel Guru ADMINBILL HERE IT IS THE FIRST OF SEPTEMBER. SOURCES STILL SAYING WE ARE THERE WHILE OTHERS SAYING NOT QUITE. WHAT A ROLLER COASTER.
9-1-2016 Newshound Guru rcookie Article: "Washington reveal the volume of trade with Baghdad during the 2016" Quote: "...in terms of trade for the current year it since the beginning of 2016 until the present month of August, the bilateral trade exceeded between the two countries Al2.6 billion dollars," pointing out that "the business of US-led American Chamber of Commerce, which has re-work sector recently he expressed great interest in investing in Iraq in non-oil sectors." THERE IS A DESIRE AMONG AMERICAN COMPANIES TO INVEST IN IRAQ...$12.6 BILLION...
9-1-2016 Intel Guru Frank26 If they do have the budget and they do have a 1 to 1 rate and they do enter the fiscal year with that budget...then their physical year, the calendar year of January 1st that is our turn...everything right now with an RI is in-country and the RV is outside of that country...and the RV won’t start until that budget is officially released IMO because it will have the 1 to 1 rate and it won’t be released to Iraq internally until January 1st...it will be visible for the international world in the fiscal sense...the financial sense on November 1st...so let’s see what kind of peek we get. When the budget was established in dinars it was in trillions...but the fact that they are now telling you in billions makes me feel...IMO...that it is in USD and if it is then we have a good chance of it being 1 to 1 with the Iraqi dinar.
9-1-2016 Newshound Guru Adam Montana [I have been struggling over the issue of the 50K note. Is this detrimental or a good thing with regards to our Investment ? If the Dinar was to RV in a relatively short order, why would they even need it?] non issue.
9-1-2016 Newshound Guru rcookie Quote: "...but now the IMF since December has made it very clear it is 1 to 1...plus...every time an article comes out from the GOI or the CBI or some Financial Committee member it is always 1 to 1." THE IMF HAS MADE NO SUCH THING VERY CLEAR...AND NEVER....EVER...EVER WOULD... "EVERY TIME A CBI OR FINANCE COMMITTEE MEMBER SAYS ITS 1 TO 1" ...NOT A SINGLE SOLITARY SOURCE I HAVE READ HAS SAID THAT. [reference Guru Frank26 post 2 of 3, 8-31-2016]
9-1-2016 Newshound Guru Adam Montana [Is it true that Iraq's fiscal year starts on October 1st? And if it does, do you think that makes Oct 1 a more likely date for an RV...?] I don't see the fiscal year as an "RV Date", actually the opposite - they won't want to give anyone a "clue" as to their plans.
9-1-2016 Intel Guru SteveI Article quotes: "...the meeting Abadi officials Kurds, seen to reach agreement on «hold technical talks between the Federal Ministry of Oil and Mineral Resources in the province on the oil file»." "...The «approve oil and gas law formula that satisfies all the political parties, would be a positive sign towards the development and construction of state institutions..." Very nice to see all of this come together.
9-1-2016 Newshound Guru Islandg1211 Additionally, the Council of Ministers have agreed on a draft for the 2017 Budget, and plan to send it to the Parliament by mid-September. The Amnesty Law was finally passed. Obeidi, the Defense Minister was fired over corruption charges. Zebari, the Finance Minister may also be fired over corruption charges. The war on corruption is beginning with the passing of laws and the questioning and dismissing of high level officials. Iraq was lost because of corruption and terrorism, and both have to be addressed. [post 3 of 3]
9-1-2016 Newshound Guru Islandg1211 Resolving the differences between the Kurds and Iraq has been a major hindrance to any meaningful progress for Iraq. The Kurds have always been able to delay laws moving forward within the GOI. The HCL could never be passed nor implemented without an agreement over the Kirkuk oil fields. Retaking Mosul could not have gone forward without an agreement with the Kurds. These two agreements with the Kurds is VERY important and is Real Progress. Finally! [post 2 of 3.... stay tuned]
9-1-2016 Newshound Guru Islandg1211 We have excellent news! This agreement with the Kurds over Kirkuk is Very Important! No RV until Article 140 had been resolved. Getting an agreement with the Kurds is extremely important. The meetings between Barzani and Abadi are going very well, with the two most crucial issues being settled. In a press statement, Barzani announced yesterday that an agreement over post-liberation Mosul's government has been reached between Baghdad and Erbil. Today, it was announced that an agreement over Kirkuk's oil was reached between Baghdad and the Kurds. Article 140 has been in contention because the Kurds wanted the Kirkuk oil fields. Today's agreement splits the oil in half and the expenses. [post 1 of 3....stay tuned]
8-31-2016 Newshound Guru Adam Montana [...your prediction for the RV, you stated at .10. I was wondering at what speed do you think it is going to float or "rise" up from that rate?] Regarding the rate, I DO still like the .10 theory! I regularly re-evaluate my original thoughts as outlined in my thesis, and as of right now they continue to hold strong. I could be wrong, of course! But to the best of my capabilities, the ten cents is still my peg.
8-31-2016 Intel/Newshound Guru Mnt Goat Recommitted work towards the finalization of the oil and gas law. Abadi and Jubouri are not going to stop until they get the draft oil and gas law ( or HCL), passed in parliament to become legal and a binding law. All the news points in a positive direction... Amazingly after almost 8 years finally we experienced the Amnesty law passed last week. Now amazingly, another miracle is about to happen. We will soon see the HCL passed. Other laws too are on the agenda and coming soon. So there is a deadline. I know the target date and so we see the progress moving at a very rapid rate now. [post 2 of 2]
8-31-2016 Intel/Newshound Guru Mnt Goat Here we are one day from September 2016 already. Iraq is moving at an exhilarated rate forward beyond my wildest dreams. Yes- they have a target timeframe for better security, better stability thus better days ahead. I can hardly believe the news. I was told by my contacts that we should now watch for the HCL. So lo and behold what do we see in the recent news? Article: "Iraqi gov’t, Kurds to start talks on oil dispute" Quote: "The Iraqi government and the Kurdish regional authorities agreed to start talks to resolve a dispute on oil revenue-sharing that is holding back the nation’s crude exports, according to a statement from the Iraqi prime minister’s office." [post 1 of 2....stay tuned]
8-31-2016 Intel Guru ADMINBILL ANOTHER DAY OF GREAT EXPECTATIONS ACROSS DINARLAND. AS USUAL WE MUST BE REALISTIC AND LOOK AT OTHER POSSIBILITIES. WITH THAT IN MIND AND WITH NO OTHER INFORMATION AT HAND SO FAR THIS MORNING, I WILL SHARE WHAT ONE OF MY CONTACTS SHARED WITH ME THIS MORNING. "Cause and affect take a little time, so don't look to cash in right away. 9/23 to 10/1 are dates to watch." [That is info from one of your contacts...but you, yourself, are you still hearing September 1st? Has the date moved out again? Are you no longer hearing the possibility of tonight?] I HAVE NOT HEARD ANYTHING SO FAR TODAY TO LEAD ME TO BELIEVE THAT TODAY IS NOT THE DAY, BUT WE WOULD BE FOOLISH NOT TO CONSIDER OTHER OPINIONS...AS LONG AS THEY ARE BACKED UP WITH ASTUTE OBSERVATIONS AND FACTS, AND NOT JUST AN OPINION WITH NO BASIS.
8-31-2016 Newshound Guru Adam Montana I'm at a loss here... I want to start typing and just "spill the beans" on everything I've got. I actually started and stopped, not once. Not twice... Not even 3 times, but a lot more. I'm hearing, from good sources that I trust, that things are moving in EXACTLY the direction that we want. But after all this time, I've learned to bridle my excitement, to keep my enthusiasm in check, and to not get overly anxious. I'm optimistic right now, but we all know we're working with a 3rd world country, so let's just stay patient for now. I'm hoping to give a different update shortly.
8-31-2016 Intel Guru Frank26 You will see IMO...Abadi giving you a liberated Mosul with a flag in the center of it...you see IMO...the beginning...disclosure...of the 2017 budget...you will see the electronic and digital steps starting...you are going to see and hear things much more clearly in the month of September...let’s see what happens between now and the 9th of September...because from the 9th to the 30th things will become solidified...much clearer in understanding...you will be able to see visually that the things they have said...they are doing them...right before your eyes...that will lead to their budget...that will lead to their Monetary Reform. [post 3 of 3]
8-31-2016 Intel Guru Frank26 The IMF also told Abadi you need to reduce your GOI ministers and he did...he went from 22 cabinet members to 12... Abadi can and will get the reforms done...the Economic and the Financial Reforms... It is all coming together IOO in order to create order within Iraq. They are going to remove the MCP of the other currencies they are using...they won’t use the USD but they will be pegged to it...they need to stop using foreign currency now that they are about to come out with a budget....and if it comes out 1 to 1...you need to understand that was the whole plan from December. 2012 might have been at 10 cents, 20 cents, 30 cents, whatever...but now the IMF since December has made it very clear it is 1 to 1...plus...every time an article comes out from the GOI or the CBI or some Financial Committee member it is always 1 to 1...I am of the school that they will come out at 1 to 1. [post 2 of 3....stay tuned]
8-31-2016 Intel Guru Frank26 ...the Monetary Reform of the Iraqi dinar is picking up pace in all areas...September, IMO...will reveal a bunch of stuff... IMO...there is about four billion 000’s notes that are out there...we want to get down to at least one billion in our note count that is out there...now I think and I feel they are being very successful in this approach... So as Abadi deals with the GOI and the budget and all of these things for the Monetary Reform...the killing of ISIS and the preparation of Mosul is coming along very well. ...once they are done with this stuff they are doing right...we are going to see the Monetary Reform speed up better...what is going on right now is actually...kind of like a performance for the international world... I also suggest to you IMO the HCL is done...but it is not implemented...but it is ready... [post 1 of 3....stay tuned]
8-31-2016 Newshound Guru Kaperoni Article: "Central urges expansion of banking activities" They are starting to roll out banking reforms, ever so slowly. You cannot have private investment or a market economy without it. We need laws but the wheels are turning.
8-31-2016 Newshound Guru rcookie [how about a reality, (real) rate based on their assets?] A COUNTRIES ASSETS ARE ONY A SMALL PORTION OF BASIS OF CURRENCY VALUATION...ASSETS ARE BARELY IN TOP 10 DETERMINANTS...WE SHOULD BE LOOKING AT INFLATION...INTEREST RATES...CURRENT ACCOUNT DEFICITS (TRADE BALANCE)... PUBLIC DEBT...TERMS OF TRADE BALANCE OF PAYMENTS...AND POLITICAL STABILITY & ECONOMIC PERFORMANCE.
8-31-2016 Intel Guru Bruce ...it is very quiet overall. We know a lot happened in Iraq that is relevant to the timing of this going. WE know Iraq has passed and enacted the two laws...judicial law...and amnesty law ...and printed in Gazette. The key cards have been out; the rates on these cards are over 5 dollars. Iraq has plans to go up on their rates from where it is now. WE understand there is a time line and we are at the end of the timeline. WE are coming down to the wire.
8-30-2016 Newshound Guru rcookie Article: "Urgent: Cabinet vote on the 2017 budget" Quote: "Cabinet voted Tuesday 2017..itba the draft budget law." SO...CABINET HAS VOTED ON 2017 BUDGET AFTER AMENDMENTS..
8-30-2016 Intel Guru SteveI ...they will change the value on their terms and timeline, so just let it come to you, and it will.
8-30-2016 Newshound Guru rcookie Article: "Urgent: the capture of the private financial officer to "Khaled al-Obeidi" Quote: "Issued judiciary on Tuesday ordered the arrest of chief financial officer of the former defense minister." ...[THEY] ARE FALLING LIKE DOMINOES...335 CORRUPTION CASES RETURNING 335 MILLION IQD TO STATE TREASURY...IN JULY ALONE!
8-30-2016 Newshound/Intel Guru BGG [Kurdistan wants to secede and Obeidi said OK, whats up with that?] Obeidi is gone...He carries no weight - whatsoever...However, Abadi - on the other hand, may "project" he is OK with that (for now)... but I don't see it. The Kurds don't have the money or ability. They know it. They are just pushing for whatever they can get...maybe they are after some territorial concessions... threaten to leave... stay if they get some additional territories... or get some solid hold on what should have been theirs all along...one way or the other - they will stay.
8-30-2016 Intel Guru ADMINBILL THOSE THAT ARE TALKING ARE ALL SAYING THAT ON OR BEFORE SEPTEMBER 1, 2016 IS SIGNIFICANT FOR DINARLAND. WORD IS THAT IRAQ SHOULD SEE THE RELEASE OF THEIR NEW PAPER AND COIN CURRENCY TODAY. ALL IS SAID TO BE COMPLETED WITH THE INCLUSION OF A CERTAIN 2013 DECREE TO BECOME ACTIVE AUGUST 31ST. THOSE THAT I TALK TO CONTINUE TO BE VERY POSITIVE. SO ARE THEIR SOURCES.
8-30-2016 Newshound Guru Phoenix3333 Article: "Oil Minister Pledges To Increase Production And Open Investment Prospects" Oil Minister Jabbar Laibi vowed to proceed with the negotiations with the licensing rounds firms to handle contracts concluded with them loopholes that they contain, vowing to increase oil production and the opening of investment prospects for the development of the filter sector, as called for a balance between supply and demand in the oil market, he emphasized his support for the policy of OPEC and strengthened."
8-30-2016 Newshound/Intel Guru BGG [How long do you think they need before the change the value of dinar.] they are moving FAST... things look good.
8-30-2016 Intel Guru ADMINBILL I AM HOPING THE NOISE I AM HEARING ABOUT SEPTEMBER 1ST ARE MEANINGFUL. SINCE WE ARE NOT THAT FAR AWAY WE WILL NOT HAVE LONG TO WAIT TO FIND OUT. I HAVE SEVERAL CONTACTS THAT ARE VERY EXCITED STILL ABOUT THIS MONTH AND SEPTEMBER 1ST WORKS IN THEIR SCENARIO AS WELL AS AUGUST 31ST IN MY OPINION. COULD IT BE LATER? THAT'S A RHETORICAL QUESTION OF COURSE. THIS IS DINARLAND. THE ODDS OF THIS BEING COMPLETED BASED UPON PAST EXPERIENCE IS ALWAYS AGAINST US BUT ONE DAY SOON IT WILL BE.
8-30-2016 Intel/Newshound Guru tman23 The last comment from the CBI regarding the 2013 IQD series was that the new 50,000 note "COMPLETED" the 2013 series... The question now is... Does the CBI have a 2016 series ready that include the 3 zeros on the notes...or do they have lower denominations printed... The liberation of Mosul could be the event that lifts off the announcement of currency reform implementation as a security measure to ISIS and the theft of IQD etc... BUT that does not exclude the possibility that Iraq could make the announcement tomorrow or the next day... [post 2 of 2]
8-28-2016 *** Dinar Guru NEWSFLASH *** Very sad news to bring to you and the dinar community today. Newshound Guru Bondlady has passed. :( Never to shy away from controversy on her search for dinar facts, Bondlady will be sorely missed. Our thoughts and prayers go out to her family, friends and all who followed and looked forward to her posts and unique perspective over the years. We lost a very good one. [The latest guru posts will continue below..]
8-29-2016 Intel/Newshound Guru tman23 Direct words from the CBI to the GOI in several meetings...There will be no currency reform until all provinces are under government control...it was printed in ink in news articles... That being said, the liberation of Mosul is expected to take place end of September early October. Ernest and Young are expected to be finishing up with the 2 state banks mid October to end of October...Shabibi had said that the lifting of the zeros must begin at the start of the New Year and not in the middle of a quarter or middle of the year...it is not unreasonable to speculate that the lifting of the 3 zeros may be on the front burner for the start of 2017... [post 1 of 2....stay tuned]
8-29-2016 Newshound/Intel Guru BGG [what do you think is going to happen zebari this week...him being removed...will cause a problem for investment?] No - I don't think so... the financial side of this appears to be moving "FULL STEAM AHEAD"...
8-29-2016 Newshound Guru OOTW VERY IMPORTANT LAW WAS PASSED TODAY...THIS LAW GOVERNS REGULATIONS/LEGALITY OF PEOPLE AND GOODS CROSSING AT BORDERS...IRAQ IS DOING QUITE A BIT IN THE PAST FEW MONTHS TO APPEASE THEIR LENDERS (IMF WB, ETC)...ALSO THIS WOULD BE A REQUIREMENT FOR THE WTO...ALL REALLY GREAT NEWS...REMEMBER THAT IN EARLY JULY IRAQ PARTICIPATED IN A TRAINING COURSE AT THE WTO... I CONTINUALLY MONITOR THE WTO SITE FOR SUCH ADDITIONS AND WILL KEEP EVERYONE POSTED, SHOULD I FIND SOMETHING ABLE TO BE VALIDATED AND PERTAINING TO IRAQ' ACCESSION.
8-29-2016 Newshound Guru Mnt Goat Article: The national coalition led by Iyad Allawi confirmed on Monday (22 August 2016), the dollar exchange rate in the domestic market management is a "window of thieves and corrupt"...and he expressed concern regarding the determination to continue the auction currency policy despite the warnings and recommendations of experts, called for the inclusion of the Central Bank reforms approved by the House of Representatives. Folks Allawi is calling for the implementation of the currency reforms including the project to delete the zeros and to get out of a “closed economy” and thus stop the need to convert dinars to USD to pay debts. This is a recent article and so we can see the pressure continues for currency reform.
8-29-2016 Newshound/Intel Guru BGG "The World Bank expressed its readiness to support the Iraqi government financial funding without conditions in order to support its reform program which was approved by the House of Representatives ..." "it's reform program..." - already approved by the HoR? what are they talking about? [Looks like they know what we don't.] that's exactly what it looks like...and in light of the MoP "printed plan" from 2012/2013...looks like "back to Plan A"...BTW - MoP (Iraq Ministry of Planning) "printed plan" from 2012/2013 = IQD worth 1.13 USD for approx. 3 years...
8-29-2016 Newshound Guru firefly Remember, their currency was NEVER devalued ...it was shut off due to sanctions...At the request of the US and the UK.
8-29-2016 Newshound/Intel Guru BGG ...once they step across that "currency threshold" moving towards a "singular currency regime" - the logical solution is for the IQD to be "on par" with the USD (which they are currently using)...you do realize what I just said - RIGHT? the IQD is widely regarded as "GROSSLY UNDERVALUED"... by noted world economists... for them to move to a "single currency" there needs to be some parity once they do so...they can't come right out and say what it is they really mean (or convey their true intentions)... but this is looking inevitable. [post 2 of 2]
8-29-2016 Newshound/Intel Guru BGG I cannot see how anyone is actually following the financial details of this thing and not be thoroughly EXCITED about where we are (finally!)...One point that gets missed alot - they have signed deals and agreed to remove and adhere to a more "international standard" regarding their internal MCPs... (..."multi-currency practices")... THIS IS HUGE... MCPs coming to an end...this is a big point in their whole "economic reform package" - it is a complete overhaul... MCPs and currency being only one point of the program...even until recently - they are still (or have been) operating under some odd MCPs. The WB and IMF doesn't like it...they have agreed to change - and have taken direct action and taken on breath-taking reforms on daily...it's happening before our very eyes...and my final thought is this... [post 1 of 2....stay tuned]
8-28-2016 Newshound Guru Phoenix3333 Article: "Iraq's Credit Rating (B- / B) with a stable outlook (Standard & Poor)" Quote: "Set the credit rating agency Global Standard & Poor 's , on Saturday, its credit rating for Iraq when (B- / B) with a stable outlook. The experts say that this class is very close to the economic reality of Iraq under the circumstances witnessed by the decline in oil prices and the war on « Daesh »terrorist."
8-28-2016 Intel Guru ADMINBILL HERE WE ARE AGAIN. ANOTHER DAY OF THE WEEK UPON US WITH RUMORS IN THE AIR OF PAYMENTS MADE AND SIGNATURES COMPLETED. PROGRESS IS BEING MADE OR SO WE ARE BEING TOLD. ACTUALLY, I BELIEVE THAT IS TRUE. PERSONALLY, AND THIS IS JUST MY OPINION AND NOT BASED UPON ANY FACT, THE RV/GCR/BOND FUNDING INITIATIVE HAS CHANGED COURSE WITH THE INTRODUCTION OF A NEW ASSET INTO THE PICTURE A COUPLE OF YEARS AGO. INSTEAD OF THE GEORGE BUSH PROMISE TO PAY FOR THE IRAQ WAR WE SEE AN ESCALATED EFFORT TO RESHAPE OUR WORLD WITH EXTRAORDINARY PROJECTS AIMED TO BETTER INTERNATIONAL COMMUNITIES AND COUNTRIES. IT IS A PROCESS. WE MAY SEE AN END THIS MONTH OR POSSIBLY LATER THIS YEAR.
8-28-2016 Newshound Guru mike Article: "Economist: 2017 investment budget will not be implemented because of the magnitude of the deficit" Quote: "It is said that the Prime Minister Haider al-Abadi, said he was determined price of $ 35 per barrel of oil within the 2017 budget, noting that the 2017 budget suffers from a large deficit to a lack of oil imports, compared with a rise of employees and retirees salary cap." This guy is spot on about the investment side of the budget, its a figment of imagination. If Iraq pumps 3.5 mbpd at $35 or $40 a barrel, that's only $50 billion annually, that's just enough for payroll. From what I've read, the IMF is trying to get rid of this kind of stuff but even with that, there's nothing left for infrastructure or government owned enterprises, oil won't cut it anymore.
8-28-2016 Newshound Guru Breitling …Iraq has always stated they want to get down to a billion notes…the last report that I’ve seen they were at 4 billion notes. Since then they have gotten rid of the 50 dinar note. 80 to 85% of their currency is the 25K note. They are introducing the 50K note and the 100K note…they haven’t done it yet but if they do that is going to allow them to take a certain amount of 25k notes off the market and it’s going to reduce the note count even more. Pushing forward there is no bad new here. People are in panic mode cause it’s complete opposite of what they think. If you strictly go by the numbers the dinar is a phenomenal opportunity, it hasn’t changed. How many countries are out there saying they’re going to add value to their currency? There’s only one. Not only that but they created a checklist on exactly what they need to do to add value to their currency…they said eventually they were going to reduce the note count and they’ve hit every flip’n mark and people are still blind to it!
8-28-2016 Newshound Guru rcookie Article: "Government Basra suffered projects in front of the World Bank for a loan to be implemented" Quote: "...for his part, the regional Director of the World Bank Farid Belhaj the projects that the World Bank has financed prejudice directly in the lives of citizens..." THE INT'L AGENCIES ACTING AS A DIRECT LENDING AGENT TO THE PROVINCES FOR DEVELOPMENT PROJECTS...WHICH FACILITATES THE TRANSFER OF POWERS FROM THE CENTRAL TO THE PROVINCES... CUTTING OUT THE CORRUPT MIDDLEMAN...AND IN THE END ASSURING THE FUNDING OF THESE CRITICAL INFRASTRUCTURE PROJECTS GETS TO SOURCE IT WAS INTENDED FOR...GREAT NEWS FOR THEM!
8-28-2016 Newshound Guru rcookie PARLIAMENT VOTED ON DISSATISFACTION OF ZEBARI ANSWERS TO QUESTIONING AND GOING TO HOLD VOTE ON WITHDRAWAL OF CONFIDENCE NEXT WEEK....SIMILAR TO WHAT OBEIDI JUST WENT THROUGH...THE KURD DELEGATION OBJECTED TO THE MEETING AND A FISTFIGHT BETWEEN ATTORNEY HAITHAM JABOURI & KURD DELEGATES BROKE BEFORE THE KURDS WALKED OUT OF THE SESSION...PARLIAMENT SESSION LIFTED UNTIL MONDAY...
8-28-2016 Newshound Guru firefly Vietnam announced on Bloomberg twice now that they are revaluing their currency! Now why would they announce that if their was no plans? I saw it with my own eyes. Kinda shocked me actually that they would make that announcement. I have no idea about the rate just the announcement...remember pre war their currency was valued at 2.22. [when did they announce this... recently?] Pretty much the same time Iraq started talking openly about it. Press Release: Vietnam: 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Vietnam Quote: "A new government took office in 2016 with a commitment to reforms that, if implemented, would place Vietnam in a sound position to achieve its ambitious development goals."
8-27-2016 Newshound Guru rcookie Article: "Zaidi reveals a tendency to withdraw confidence from Zebari and put Abadi list of respondents" Quote: "The House of Representatives may interrogate the finance minister, Hoshyar Zebari, in its meeting..." LOOKS LIKE NOT EXACTLY HAPPY WITH ZEBARI ANSWERS AND VOTE OF WITHDRAWAL OF CONFIDENCE NEXT WEEK...
8-27-2016 Newshound Guru Islandg1211 Why didn't they RV by Mid-Year? That's a good question which no one knows. What we do know is that when the IMF came up with their plan for Iraq last December, they had assumed that Abadi would get his technocrat government and the laws would be passed. Instead, there's been a seven month delay with the GOI. Corruption is a top priority. That's a political battle since everyone is corrupt. But, there is progress. The CBI isn't going to RV until corruption got under control. In addition to getting all seven new Ministers voted in by the GOI, Abadi will next need to get proxy positions properly voted in. That includes the Governor of the CBI position. The First thing a country needs to do after war is RV. Mosul will be liberated in the next few months. The GOI just needs to pass a few more laws and approve a few more positions. The WB and the IMF are ready with loans to help Iraq through their double crises of ISIS and low oil prices. Basra is doing well economically. IMO, this time around when there is peace, Abadi will RV. The IMF historically prefers April to RV, or Fall. [post 2 of 2]
8-27-2016 Newshound Guru Islandg1211 IMO, It was a failed policy to delay the RV last time they had peace and I don't think they will delay again. When will the CBI RV? That question has been asked and answered over the years by both the former CBI Governor and Architect of the Monetary Reform, Dr. Shabibi, and by the proxy Maliki appointed governor Allek. They both said, "when the conditions are right. There needs to be stability and security." Where are we at now with security and stability? Political Stability: After nothing but political conflict the entire 2016, GOI is finally making some progress. They approved five of Abadi's choice of technocrats Ministers...His choice of Interior Minister is being discussed now, and the remaining two positions should go through within the next month. Corruption: Laws: The Amnesty Law was passed yesterday. This goes directly in dealing with corruption. Next week they are working on the Judicial Law. Prosecution: UN has stepped in to help with investigation and prosecution of corruption. [post 1 of 2....stay tuned]
8-27-2016 Intel Guru ADMINBILL WE CONTINUE TO SEE AND HEAR INFORMATION THAT CERTAINLY POINTS TO THE END GOAL AS BEING CLOSE. FOR THOSE OF YOU IN NEED OF THE RV TODAY, TOMORROW, THE NEXT DAY I AM SORRY. I CANNOT MAKE YOU A PROMISE THAT IT WILL HAPPEN. COULD IT HAPPEN SOON? OF COURSE IT COULD BUT I AM NOT A BETTING MAN.
8-27-2016 Newshound Guru firefly IMO Vietnam is hot, hot hot. I read an article last week from there. If you took the word Vietnam out of the article, you would swear it was from Iraq...Using words...or phrases...like "private sector" "IMF", "World Bank". The announced they are Basel 2 compliant a few weeks ago.
8-27-2016 Newshound Guru rcookie Article: "Transportation signed a contract with a French company for the transfer of cement" ... GENERAL TRANSPORT COMPANY SIGNING BIGGEST CONTRACT IN THE COMPANIES HISTORY WITH FRENCH COMPANY LAFARGE ... HMMMMM...IN TODAYS NEWS ALONE...GERMANY...JAPAN WITH TOYOTA...THE FRENCH WITH LAFARGE...KOREA AND US WITH THE NEW 15.5 SQ MILE CITY IN ANBAR...KUWAIT & UAE IN TH NEW KARBALA CITY...THE UK AND IBBC CUED UP IN BASRA AND KURDISTAN... WOW... SURE WOULD BE NICE IF IRAQ COULD GET SOME SIGNS OF CONFIDENCE FROM THE INTERNATIONAL INVESTMENT COMMUNITY... [ : ) ]
8-27-2016 Newshound Guru firefly ...expect a lot of announcements! BIG ones. It has already begun. We are watching the reforms take place before our very eyes.
8-26-2016 Newshound Guru Breitling Getting questions about the 100K and 50K dinar notes…are they going in the wrong direction and will this delay the RV? No it will not. The CBI has said they are going to reduce the note count. They are going to introduce new notes even notes that are worth a tenth of a penny likes yours and mine, the 50K note , the 100K but eventually they are going to introduce the lower notes and these will commingle and both will gain value for about a two year period…and that is what the CBI has said…the 100K notes and the 50K notes is about reducing the note count…This is a not a threat…this is a good thing, a very good thing for us. …Instead of four 25K notes they only need one 100K note. That’s going to help them later on down the road…There is no reason AT ALL to introduce the 50K or 100k note if they are not going to revalue the currency and add value to it.
8-26-2016 Intel Guru Frank26 IMO ...NO country is as advanced or best prepared to do an RI into an RV of their MR... Than Iraq. At this present TIME FRAMED ... The USA/IMF has ONLY one girl at the Prom right now ... Iraq. There are more Prom's ... Coming.
8-26-2016 Newshound Guru rcookie Article: "Start counting the votes to withdraw confidence from the Secretary of Defense, or lack thereof Obeidi in questioning session" Quote: "Parliament has been made to withdraw confidence from the Minister of Defense secret ballot." OBEIDI IS GONE!
8-26-2016 Intel Guru SteveI Article: "Iraq parliament impeaches defence minister" Quote: "Obeidi lost a no confidence vote by 142 votes to 102 in a secret ballot..." Great job boys. Keep the corruption out of government.
8-26-2016 Newshound Guru rcookie Article: "Documentation" general amnesty law passed by the Iraqi parliament today" PUT THIS ONE IN A GOLD FRAME! Article: "Jubouri: Parliament pasts passage of important legislation and wait for Justice and Accountability Act" WOW!!...SCHEDULED FOR TUESDAY 30TH...BUT THEY ARE WORKING ON VERBIAGE OF CONTENTIOUS ARTICLE WITHIN THE LAW...JUST LIKE GEN AMNESTY... THIS IS GOOD! JUST WHAT THE IMF ORDERED...THIS IS GETTING REALLY INTERESTING!
8-26-2016 Newshound Guru Mountainman TIME is RUNNING OUT...The OLD PLAY BOOK will NO LONGER Hold It's TRADITIONAL Weights and Measures So to Speak...and the MARKETS are ACUTELY AWARE to the COMING Changes, they Just haven't Figured Out {ALL} the DETAILS YET...However, like EVERYTHING Else in this WORLD...TIMING Will MANIFEST that Which is HIDDEN and {ALL} Will Come to Light, at The SPEED of LIGHT...Thru TECHNOLOGY and CYBERSPACE via the IEX and CIPS. THE GLOBAL STAMPEDE and The MARKETS will...shall We Say, Have A CHAIN REACTION that Will ENSUE...INDEED IMO.
8-26-2016 Intel Guru Bruce I am excited about where we are to our blessing. We are getting close. The banks are ready. As far as timing, you know as a disclaimer we don’t call it. We can’t pick a date or day. Intel is tight because it is quiet out there. Iraq is up and running, lower denominations out. Last part of the amnesty law suppose to be voted on this morning [Thursday]. The rates are basically good and soundly high. Hopefully we get the go signal soon.
8-26-2016 Intel Guru Frank26 I see Mosul being given to you bit by bit...counterfeiting coming to an end and being dealt with...and all the systems they are putting up and all the agencies that are there...there is a lot of policing going on...and this is what we need…the corruption has got to stop in order for them to give you Mosul...in order for them to give you the MR...and and I see the 2017 budget...they are going to have it in mid-September...I see the CBI working with banks...I see companies that are coming in...I see a lot of things that are very good. ...they are going to come out with a 100,000 note...It is for banking business and they even made it very clear that is what it was for...these higher notes will eventually become a part of the electronic digital system that Iraq is going into... This is their plan...the plan that was derived in December with the IMF and Iraq along with Dr. Shabibi and Abadi...and we basically said at that time the US which is basically the IMF took Iraq by the ear and said...we are going to throw you into the international world in the first half and in the second half it is up to you to raise your value and that is where we are at right now...
8-25-2016 Newshound Guru rcookie Article: "Iraq's parliament approved a general amnesty law and the president wed human people" BOULYAAH! THEY 1ST HAD A VOTE SEPARATELY ON THE CONTENTIOUS ARTICLE 4..AND 8...BROKE FOR A HALF HOUR AFTER MEETINGS WITH BLOCS...THEN CAME BACK TO VOTE ON LAW FULLY...AND...THE VOTE ON OBEIDI'S WITHDRAWAL OF CONFIDENCE BEING DONE IN SECRET BALLOT SESSION....AND THEN HES GOT ZEBARI WAITING TO BE QUESTIONED...
8-25-2016 Newshound Guru rcookie Article: "Iraq: next year's budget deficit of $ 18 billion" Quote: "Financial adviser to Iraqi Prime Minister, on Wednesday, announced the end of the Ministry of Finance of the preparation of the 2017 budget, worth more than 100 trillion Iraqi dinars; about $ 82 billion, depending on the calculation of the price per barrel to $ 35." SO...AGAIN... SALEH STATING OTHER THAN BEING DEEMED A TRANSITION FROM "WAR ECONOMY TO PEACE ECONOMY"...2017 BUDGET SAME AS 2016 BUDGET...AROUND 100 TRILLION IQD ($82 BILLION)...OIL CALCULATED AT $35 @ 3.6 MBPD...WITH DEFICIT OF 24 TRILLION IQD ($18 BILLION) AND DELIVERED TO PARLIAMENT BY SEPT 10TH...
8-25-2016 Intel/Newshound Guru Mnt Goat Iraq is on the right path and I could hardly believe my eyes when I finally heard the news of the passing of the Amnesty law. Yes – this law did finally pass in parliament today 8/25. This law is going to make a HUGE, HUGE difference in Iraq. So next we need to see the Accountability and Justice law, combined along with the Amnesty law these two laws work together to bring the needed justice to Iraq. Also with the new technocratic minister of energy just appointed, he has told us already there is no need for any delay in getting an energy law (HCL) for Iraq as it is now written and only needs to be presented to parliament for a vote. So we should watch for this law too in the coming days...We are now in the third phase of Abadi’s reform plan and many amazing changes have since happened in Iraq. This all moves Iraq to working in an international platform, the only way they will EVER revalue their currency. ...your investment in the Iraqi dinar is real and will soon be exchanged at a higher rate (at a substantial higher rate). Yes – Iraq has postponed the RV many times already and this is real!
8-25-2016 Newshound Guru Stryker I am heartbroken to announce that we have lost yet another dinar member and one of the leaders in the facts concerning the Iraqi dinar, BondLady has passed away unexpectedly. We have lost one of our most respected leaders in the research of real facts in our journey. It was unfortunate that Bondlady and I had a falling out but I never lost my respect in the fact that she was dedicated in trying to uncover the facts for her members. May she watch the rest of the Iraq dinar future from the heavens and help our Lord lead others as one of his angels as she did here on earth. RIP dear angel we will all miss you...
8-25-2016 Intel Guru ADMINBILL THE NEWS REPORTS FROM MY SOURCES CONTINUE TO BE VERY PROMISING. WILL WE SEE CHANGE? THAT IS ALREADY HAPPENING. IN ALL LIKELIHOOD THE PROGRESS AND MOMENTUM WE HAVE BEEN SEEING, INCLUDING THE ANNOUNCEMENTS COMING FROM VARIOUS COUNTRIES, WILL CONTINUE TO BE PRESSED FORWARD UNTIL ALL IS IN PLACE. IMO THOSE ANNOUNCEMENTS ARE THE WINDOW DRESSINGS NEEDED TO APPLY THE FINAL EVENT WITHOUT FANFARE BUT WITH SITUATIONAL REMEDIES (DOMESTICALLY AND INTERNATIONALLY) THAT WILL PROVIDE RATIONAL COVER STORIES FOR THE SUDDEN BALANCING OF THE BOOKS AROUND THE WORLD...BUT THAT'S JUST MY OPINION... LOOK AND ANNOUNCEMENTS IN IRAQ AND ACTION WITH THE IMF AND G20 AS WE MOVE FORWARD TO PROVIDE THOSE ABOVE MENTIONED STORIES.
8-25-2016 Newshound/Intel Guru BGG [are you in agreement with some that nov dec they should be done to move currency reform if things keep going forward?] In my humble opinion - and that is all this next bit is...it could easily be a before that - or a bit after...but this next time period we are in is - "green on go" time...for whatever reason there is a real consensus to get things done - very exciting times. [what does next time period mean or when I should say?] if progress keeps on like it is... from now until about mid-Feb is a very intersting time - since you are asking me..
8-25-2016 Newshound Guru rcookie [I know when they revalue the price of a dinar is a dinar but the value rises, what will that do on buying power to the budget when this happens?] THE BUDGET HAS AN OPERATIONAL SIDE AND INVESTMENT/ DEVELOPMENT SIDE WHOSE PURCHASING POWER WILL INCREASE WITH VALUE CHANGE...MORE IMPORTANTLY IS (PPP) PURCHASING POWER PARITY RELATIVE TO EXCHANGE RATES BETWEEN COUNTRIES IN TRADE RELATIVE TO THE PURCHASING POWER OF EACH COUNTRY'S CURRENCY....THIS IS WHY...YOU HEAR AN ECONOMIST TALK ABOUT THEIR CURRENCY VALUE NEEDING TO BE ON PAR OR ABOVE THEIR BORDER PARTNERS AND INTERNATIONAL TRADE PARTNERS...
8-25-2016 Newshound Guru Aggiedad77 ...we all have heard of the potential for good during the month of September...here's something that has begun to stick with me not only with today's articles...but for the past week or two...We are seeing more and more interaction of the alphabet soup with Iraq...from the IMF, the WB, the WTO, the UN, and various and sundry UN committees...they are all so centered...so interested in Iraq right now...like a ringmaster getting ready for the REALLY BIG SHOW...And this doesn't even touch on the companies and countries that are headed blindly into that intersection...that intersection of Iraq...September will be more exciting than going to a three-ring circus and trying to keep your eyes focused on everything all at one time so you don't miss anything... simultaneous action...get there early to assure you get a good seat...just don't sit behind that fat lady in the fat hat.
8-25-2016 Newshound Guru Adam Montana [I don't ever recall you giving a month before for a possible RV and you seemed fairly confident about it...do you still feel strongly about your stand?] YES, I feel very strong about the current outlook! [They say that Iraq has taken so long to RV because they lack the will to follow through with this undertaking...could it be with all of the Dinar that people outside Iraq hold that they (Iraq) can not afford to cover a high RV rate.] ...I disagree that Iraq "lacks the will" to increase the value of the dinar. Iraq is recovering from a major upheaval of their entire country. To expect them to recover "overnight" was foolish - they had a long road to travel in rebuilding their entire world. They have come a LONG way. I am still confident that they will return themselves to a higher position, at whatever expense or effort is necessary.
8-25-2016 Intel/Newshound Guru Backdoc I WANTED TO TAKE JUST A MOMENT TO DISCUSS THE CURRENT TIMELINE THAT IS BECOMING APPARENT. BY NOW WE ARE ALL KEENLY AWARE OF THE DIGITAL IEX PLATFORM THAT STARTED TESTING FROM AUGUST 19TH THROUGH SEPTEMBER 2ND...IF YOU PULL UP YOUR CALENDAR...YOU WILL NOTICE THAT SEPTEMBER 3RD LANDS ON THE WEEKEND THEREFORE THE IEX WON'T BE TRADING. WE THEN ENTER A HOLIDAY WEEKEND WITH LABOR DAY. THE FIRST POSSIBILITY OF A FULL VIEW OF THE IEX IN ACTION WILL BE TUESDAY SEPTEMBER 6TH! SEPT. LEADING INTO THE NEW FISCAL YEAR LOOKS TO BE FULL OF ACTIVITIES! YES, THIS IS GETTING VERY INTERESTING!
8-24-2016 Intel Guru Bluwolf Since January of 1991 (Operation Desert Storm) and its outcome on Kuwait...And then watching how some of my town folks in Puerto Rico who were in fact in that war and its revaluation got very rich with the Kuwait dinar ( something that was bought at .05 to .10 cents, and when things stabilized and the National Bank of Kuwait open its doors again, people just got rich at a reinstall rate of 3.64. And then years later during the 42 President it MANAGED to revalue at a very high price. I remember speaking to a gentleman involved and he said, "You wanted to know what I gain with the Kuwaiti dinar, but if you are smart don't focus on this, focus on what I will gain with the Iraqi part of the war for they are next." Well I focused since that day on keeping an eye open to when this new currency was to arise. And I have been at this since then and guess what the currency did arise, first exotic and now as a tradable currency pending going international...I want all to know that God ...willing we are just but an instance away in receiving this blessing...
8-24-2016 Intel/Newshound Guru Backdoc WHEN I SHARED WITH YOU MONTHS AGO THAT IRAQ WOULD BE DIGITAL WITH THEIR CURRENCY YOU ARE NOW STARTING TO GET WHAT I MEANT. WELL, SEPT. 2ND WILL BE A DEFINING MOMENT IN THE GAME SINCE THE IEX PLATFORM LAUNCHES. IF WE SEE NO EVIDENCE OF A STARTING POINT THEN WE WAIT FOR IT TO SHOW UP SOON AFTER. WITH IRAQ AND THE U.S. NOW ON THE SAME FISCAL YEAR OF OCTOBER 1ST WE HAVE VERY HIGH HOPES...THE EVIDENCE IS MOUNTING AT WARP SPEED AND OUR DESTINATION IS AT HAND.
8-24-2016 Newshound Guru rcookie Article: "Urgent .. Zebari announce attend the questioning of parliament and indicates "personally targeted." ZEBARI QUESTIONING IN PARLIAMENT WAS SCHEDULED FOR 25TH...THATS TOMORROW. [...is amnesty vote Tuesday or tomorrow?] AMNESTY TOMORROW.
8-24-2016 Newshound Guru Adam Montana [...do you think Iraq CBI will pull the trigger in 2016 for RV? ] 2016 - I certainly hope so! I am feeling very positive about the coming months, but of course I don't have a crystal ball.
8-24-2016 Intel Guru Delta URGENT FROM IRAQI TV: CBI WILL ISSUE 100,000 DINARS, ALSO CBI PROMISED TO ISSUE SMALL METAL CATEGORIES.
8-24-2016 Newshound Guru Adam Montana Things are starting to warm up (as summer cools down, ironically enough). I'm going to let the news speak for me today. Check these out! 1. BIG movement in the oil sector - this could be the start of what we need to see for the HCL: Article: "Abadi replaces the North Oil director with the start of pumping Kirkuk oil to the Turkish port of Ceyhan" 2. Could they possibly have the budget submitted on time for once? It's possible, thanks to the progress made in the GOI over the last couple years! This is evidence that Iraq has made and is making significant progress. GO RV! Article: "Abadi: submit budget bill to Parliament before September 10" 3. A call for floating interest rates could be a signal that intelligent PTB's want to keep their options open, very likely for a situation that will be highly volatile and open doors for massive profits... but not if they were tied down. I like it. Article: "Bankers Call for Floating Interest Rates" Obviously those are some REALLY nice things to be seeing... so with that said, we wait.
8-24-2016 Newshound Guru Enorrste This is the plan. It has been laid out clearly and logically for well over a year. We should expect that its implementation (the 50k came out 6 month ago) will continue until the CBI is ready to float the currency in early 2017 or slightly before. Once that happens the value of the dinar will rise and eventually the 200, 100 and 50 dinar notes will be circulated. By that time the 50k and 100k notes will have become history. [post 3 of 3]
8-24-2016 Newshound Guru Enorrste Once the ball starts rolling and these 25k notes get pulled out then the value of the dinar can be allowed to rise (float). Until they get those notes out of circulation, however, the value cannot rise and won't. If it did then all of the hoarders would become millionaires, which isn't going to happen. So it is a process, and the introduction of the large notes is a part of the process to entice the people to give up their 25k notes. The reduction in paper by 2 to 4 times (each 50k removes 2 25k notes and each 100k removes 4 25k notes) will enable the CBI to then reduce the money supply by allowing the VALUE of money to rise. As it does rise the 100k note will become too valuable to hold in a mattress and people will put them in banks if for no other reason than for safety and security. Once there they will move to the CBI which will destroy them. [post 2 of 3....stay tuned]
8-24-2016 Newshound Guru Enorrste Article: "Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market" The reason there is low liquidity in the markets in Iraq is because instead of using their dinars many people are holding them in their mattresses. Thus the CBI has been forced to raise the money supply, not because it wants to but because the economy would collapse otherwise. The introduction of the 50k and 100k notes is directed to solving this liquidity problem, not by just injecting new cash into the market...so that they can draw out the 25k notes from people's mattresses. There is also a stated goal to have bills roughly equivalent to our $50 and $100 notes. If they are successful these new bills will draw out the 25k notes which will be destroyed... The result will be a reduction in the money supply back to 40 trillion dinars as the article states. This plan of introducing the larger notes has a goal of stopping the rise in the money supply...It is necessary because the people are not yet confident in using banks. [post 1 of 3....stay tuned]
8-24-2016 Intel Guru Bruce We certainly are ready for the possibility of this rolling out...We are at the point and I know we have said we are done. A four letter d word sometimes we really not wish to use. I think where we are right now the expression applies. WE know for example in Iraq maybe one other portion of the amnesty law that needs to be passed. I think it be done by Thursday. But it shouldn’t preclude this to go. We know they have operated the last several days under the amnesty law and the other law they just passed not too long ago. We are thinking that is in place and moving quickly, not slow us down. Confirmation Saturday Iraq lower denominations are out and in use in Iraq...the notes printed a long time ago, denominations below the 50 dinar note, 20, 10, 5 even coins. So if those are out, that is a very good sign everything is basically done in respect of Iraq. We are looking at 5 currencies in the first basket. Iraqi dinar, Dong, Zim, Rupiah, Afghani and 3 other baskets coming down the road. We are in good position to do exchange for those.
8-23-2016 Newshound Guru Aggiedad77 Article: "Abadi: 2017 budget has reached its final stages" ...if they are indeed handing this over to Parliament... this is warp speed on steroids...the people deserve what is in this budget I believe...IMO.
8-23-2016 Intel Guru ADMINBILL (8:46PM MDT Monday Night) THE NEWS TONIGHT IS VERY ENCOURAGING. PREPARE YOURSELF AND YOUR FAMILY FOR A PROFOUND CHANGE.
8-23-2016 Intel/Newshound Guru Backdoc Article: "Iran to do away with two-tier exchange rate" TODAYS' EARLIER ARTICLE IMPLIES THAT SOMETHING MAY HAPPEN AS EARLY AS SUNDAY TO ALLOW THEIR CREDIT CARDS TO WORK....WE WILL SEE. CERTAINLY THIS IS ENCOURAGING FOR SURE AND IT MEANS ITS SHIA BROTHER [IRAQ] WILL NEED TO DO THE SAME SINCE THAT WAS PART OF "THE DEAL"! WHAT HAPPENS IN REALITY APPEARS CLOSE NONETHELESS! THIS IS VERY ENCOURAGING...! MAYBE THE AMNESTY LAW IN IRAQ MAY FINALLY GET DONE SOON!
8-23-2016 Newshound Guru Enorrste Money supply is increased or decreased through monetary actions of the CBI (changing reserve requirements, interest rates, etc.). The bills themselves do not raise the money supply. They are only carriers of the money supply. The quote above clearly states that the introduction of the large notes "is not added cash." What could be more clear than this statement? Simply put, you can't just "add cash" in any case: someone has to buy the large notes with smaller notes. It is at worst an even exchange. At best however, as the quote above clearly states, the smaller notes brought in through the even exchange are "withdrawn" by the CBI, thus either maintaining or LOWERING the money supply rather than increasing it. This is simple economics: the money supply doesn't change by printing notes! It changes by CBI actions in the monetary markets. The money itself is only a "carrier", not a vehicle of change upward in the supply. In fact, as the CBI burns old notes the money itself can ONLY reduce the money supply, and NEVER increase it. No one just prints notes and hands them out for free! [post 2 of 2]
8-23-2016 Newshound Guru Enorrste Article: "Central bank: Print category 100 000 dinars, and we are waiting for official approval lowered into the market" Kap's [Guru Kaperoni] quote of the following makes this perfectly clear: "The new offering is a partial solution to the problem of the Iraqi currency after the CBI dismissed an earlier decision to delete the three zeroes from the local currency and opted to balance the exchange rate of the dinar against foreign currencies in a basket. He states that the new category is not added cash, but rather will facilitate with withdrawal of less value categories and equivalent the size of the presented bank notes. The amount of the currency raised will be nearly 40 trillion dinars which will be at same time put small categories in process and prevent inflation." One doesn't just print 100000 dinar notes and then start passing them out to people. The notes are brought into circulation ONLY in exchange for other notes. There is no other way to introduce them, quite frankly. The increase of money supply has nothing to do with the notes themselves. [post 1 of 2....stay tuned]
8-23-2016 Newshound/Intel Guru BGG Article: "Urgent Parliament postpones vote on the amnesty law to Thursday ‘s meeting" [So they did not vote on anything?] Relax... not the end of the world - no one ever said "if they vote on Tuesday - we'll have an RV...They are moving toward that at a fairly rapid pace... no need to be discouraged.
8-23-2016 Newshound Guru rcookie Article: "Urgent Parliament postpones vote on the amnesty law to Thursday ‘s meeting" LOOKS LIKE AMNESTY VOTE PUSHED OFF THURSDAY 25TH...AFTER SHARP ALTERCATION BETWEEN RULE OF LAW AND CITIZEN BLOC OVER WITHDRAWAL OF CONFIDENCE FROM OBEIDI... SO...THE EVENTS IN PARLIAMENT TODAY...THERE WAS A PROPOSAL TO DELAY THE VOTE ON WITHDRAWAL OF CONFIDENCE FOR OBEIDI TODAY...WHICH THE HOUSE VOTED DOWN...AND AS A RESULT THOSE BLOCS WALKED OUT AND CREATED A LACK OF QUORUM NEEDED FOR THE VOTE ON THE OTHER LAWS THAT WERE CUED UP...
8-23-2016 Newshound Guru Kaperoni Article: "National Coalition calls for reforms in the Central Bank " Quote: "He stressed that the so-called auction currency is "non-existent in countries that rely economy" Allawi is right, that these auctions don't exist in countries with a market economy. That is because these other countries are not stuck in Article XIV trying to prove to the IMF they are ready for Article VIII. That is why Article XIV is called "transitional" as they are suppose to be working diligently on any and all restrictions that may exist so they can move to Article VIII. Allawi indirectly is trying to push the banking system forward with his comments asking for the auctions to end. The CBI has no choice, either get in compliance and succeed in opening the banking system or status quo which is depleting the reserves and keeping investors from coming Iraq. Changes must come soon.
8-23-2017 Newshound Guru Breitling I want to throw this out about the note count…these guys who are anti dinar and anti Vietnamese currency…on the Vietnamese currency they CORRECTLY said there’s too much currency in circulation. That’s true…that’s the whole point. That’s why we have to watch for them to reduce the note count. Now with the Iraqi Dinar it’s completely opposite. They are INCORRECT on reading the DM1 and DM2 interim report. They need to get out [of dinar] if they think there is that much currency out there…It just happens to be equivalent to the country’s reserves?…There is simply NO reason to reduce the note count if they’re gonna pretend that they’re going to take the zeros off it. …There’s no reason to reduce the note count if they’re NOT going to add value to it. Why would you do that? So that’s the game. If you see any country at all that mention or give out any information that says they’re reducing the note count…I’ll go buy the currency. doesn’t matter who it is…if they are reducing the note count go buy the currency cause you’re going to make money.
8-23-2016 Newshound Guru rcookie [are they voting on amnesty law tue 23 aug?] YES...AND THE DEBAATHIFICATION LAW AND A PLETHORA OF OTHERS ACCORDING TO THEIR AGENDA...
8-23-2016 Newshound Guru mike Article: "National Coalition calls for reforms in the Central Bank" Quote: "Talib national coalition led by Iyad Allawi, the need to reform the central bank's policy in the auction currency management and the dollar exchange rate in the market, expressing concern about the bank's insistence to continue this policy." Allawi's right, the auction's are riddled with corruption. Wouldn't it be something if the legislators in Iraq (that's you, Allawi) charged, prosecuted and imprisoned those who are stealing from the auctions? The IMF has already advised them to stay on the peg, without the legislation (think Allawi and the rest of the GOI) Iraq can't move to the open market economy and get rid of the auctions.
8-22-2016 Newshound Guru Kaperoni Article: "Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market" the CBI has stated on at least a few occasions the intent of the 50k and 100k. We may not agree with it, but I don't think we should argue with that explanation...the purpose is to create demand for the dinar and raise nearly 40 trillion dinars. The 50k note which has been out for 6 months or more has not increased the money supply...compared to this time last year. In other words, the CBI is doing what it said they would be doing (2-25k=1-50k). ...I do not think this is bad news at all. In fact, this decision was made over a year ago and stated it was a step towards currency reform. So, in fact, if it is a step, we are progressing towards our goal. Don't lose site that currency reform means raising the value and removing the larger notes. This is a must for what Iraq needs to do moving forward.
8-22-2016 Intel Guru ADMINBILL IS THERE A LIGHT AT THE END OF THE TUNNEL FINALLY BREAKING THROUGH? I AM HOPEFUL WE WILL SEE MOVEMENT TODAY THAT WILL PROVIDE US WITH INFORMATION FROM OUR TRUSTED INFORMATION SOURCES. THE PAST WEEK HAS BEEN VOID OF SOLID INFORMATION. I AM REALISTIC ENOUGH TO KNOW THAT MAY NOT MEAN ANYTHING BUT DINARIAN ENOUGH TO HOPE THAT IT DOES BODE WELL FOR THIS MONTH OR THE FIRST PART OF SEPTEMBER.
8-22-2016 Intel/Newshound Guru Backdoc TOO MANY POSITIVE THINGS OCCURRING. I WISH I COULD SHARE CERTAIN THINGS BUT THEY ARE TOO SENSITIVE! ...WHEN THINGS ARE THE WORST THEY ARE THE BEST! REMEMBER MY STUDY WINDOW, SEPT. 2ND TO MID OCTOBER! VALUE IS LIKE WATER, IT WILL SEEK ITS LEVEL! THE RAIN IS ABOUT TO COME!
8-22-2016 Newshound Guru rcookie THEY TASKED THEMSELVES AT BEGINNING OF 2015 ...TO OVER THE COMING 24 MONTHS TO REDUCE THE AUCTIONS BY 75%...FROM JAN 1ST 2015 TO DEC 2015 THEY REDUCED BY 25%...FROM JAN 2016 TO JULY 2016 THEY REDUCED BY 24.9%...SO THEY HAVE ANOTHER 5 MONTHS AND ARE ON GOAL TO REACH THEIR 75% REDUCTION OVER 24 MONTHS...
8-22-2016 Newshound Guru Breitling …again to do that [add value to the Dong] the same exact scenario that any country would have to do if they want to add value to their currency…they’re going to have to reduce the note count…so there’s no difference between Vietnam, Iraq, United States, Russia…People are predicting that China is going to start sooner or later adding value to their currency…what’s that going to do is open up the door for Vietnam to add value because they can add value and compete against China at the same time….that’s where it’s coming from and again, you know the numbers are coming from the Vietnamese government…that hasn’t changed…what they need to compete on a global scale and to be able to have cheap labor and all that stuff they want to raise the value to about 2 or 3 cents…that’s it…that’s all they need. In fact if they raise it any higher than that it might ruin the formula that they have to compete in the region so they’re not going to go too high. [Post 2 of 2]
8-22-2016 Newshound/Intel Guru BGG [Tuesday looks like parliamentarian issues are over. Where do we turn our eyes to = next?] Not exactly - but moving more and more that direction... [Amnesty and J&A?] I just don't agree fully with the "all good - all done" mentality... getting MUCH closer - to be sure...AND it's not impossible these last few Parliament issues are on a separate track altogether...as in parallel and not interfering with one another... once the IMF and UN has whatever it is they are requiring (and there is something there) they make the next move (we are looking for) toward economic reform...BTW - currency reform is just one more step in the development of Iraq into a global trade partner they are looking for...which they very much appear to be on a fast-track towards.
8-22-2016 Newshound Guru Kaperoni Article: "Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market" Well, a 100,000 dinar note is going in the wrong direction in regards to opening the banking system for international commerce, freedom of movement of capital, achieving IMF Article VIII etc. and perpetuate a market economy. I believe this was discussed at the time of the release of the 50k and the CBI stated their was no need for the 100k. That being said, if the notes are issued and are meant to reduce the physical notes (4-25k for 1-100k), then it may help draw the dinar out from under the mattresses. This all seems a bit late, since time is not on their side for such a plan anymore. They need to open the banking system, reform the currency and value, and invite international investment and investors to Iraq now. Such a move IMO is risky and unnecessary at this time and would cause further delays.
8-22-2017 Newshound Guru Breitling …it’s not a prediction it’s what we are talking about in Vietnam itself…you know I would never just throw a number out there unless it’s something that the government has talked about or they proposed and they’ve always proposed they wanted to get it [dong] up to two cents…remember they are competing against China and geopolitics…that’s what creates the pace. At the time when Vietnam talked about that they actually wanted to add a little value to the currency, well because of other politics that were going on in the region, China decided to start devaluing it’s currency and so it forced Vietnam to shelf adding value to the currency. Well that’s off the table now…it’s not a prediction it’s what Vietnam wants…[Post 1 of 2 Stay tuned for the rest of the Dong story]
8-22-2016 Intel Guru ADMINBILL I'm awaiting some specific confirmations at this time. Until those confirmations arrive, I remain grounded and optimistic for a positive accomplishment report regarding specific events. That is yet to come. We're not quite there yet. I AM HOPING FOR GOOD NEWS BEFORE MONTH'S END.
8-22-2016 Newshound/Intel Guru BGG [In you opinion could this literally happen any at time as in today...or are there more benchmarks to look for such as lower denoms or critical dates?] here's my take...with the recent WB/IMF/UN oversight in Iraq - things are changing rapidly - security, political, economic - these things Maliki should have been working on 8 years ago - they are getting done NOW - at "warp speed"...today - tomorrow? I doubt it...soon? [ill take soon.] Not impossible - but the next however long looks VERY, VERY promising...
8-22-2016 Guest Guru EHankins THIS PAST WEEK AND TODAYS ARTICLES ARE A CLEAR AND PRECISE INDICATION OF ALL THE INFRASTRUCTURE GROWING AND EVEN BOOMING. AND COMMERCE AND TRADING ARTICLES SHOWING PICTURES OF HUGE SEMI-TRUCKS BACKED UP FOR FOR MILES WANTING TO UNLOAD ENDLESS SUPPLIES AND GOODS COMING ACROSS THE BORDER. THE BUILDINGS BEING BUILT LIKE AIRPORTS OPENING IN SEPTEMBER, APARTMENT COMPLEXES, SHOPPING MALLS AND OF COURSE HOMES BY THE THOUSANDS. IRAQ'S NEW GROWTH IN THEIR COMMUNITIES AND CITIES ARE BREATH TAKING AND STUNNING, TO SAY THE LEAST. IMO THIS IS WHAT WE WERE TOLD TWO WEEKS AGO TO PAY ATTENTION TO. IN FACT...THAT WE WOULD SEE IRAQ GROW ON STEROIDS IN THE NEAR FUTURE AND, HERE IT IS RIGHT BEFORE OUR EYES...BOOM!
8-22-2016 Newshound/Intel Guru BGG [It seems like so many things like Mosul , corruption , parliament , etc. are coming together ... many have said things.will happen all at once ... do you see this as a coincidence?] I do not see those items as coincidence... THESE ITEMS ARE THE STORY. IMHO. Not getting into date and rate here - I'm just saying - the progress is stunning AND... it surely leads to the step we are all interested in...the point of currency reform the includes a change in the value of the IQD...However, I make this point again...currency reform - value change...what we are after...is just one of the steps they will likely take in the whole process of economic reform and full reintegration with the world's financial systems...this whole process is playing out PLAINLY - before our VERY EYES...Things are VERY, VERY exciting lately.
8-21-2016 Intel Guru SteveI I think things are extremely positive...Now we watch Mosul return to being free followed by controlling the borders, then watch Iraq explode economically and globally. Sit back and let it come to you, and it surely will when they are ready. I think they are ready or almost ready. Remember, if I thought there was even a slight chance of this not happening I would simply...move on. Good times ahead!
8-21-2016 Newshound Guru mike Article: "Front reform: we will vote unanimously to dismiss Defense Minister Khaled al-Obeidi" Quote: "MP for the Reform Front, Mohammed Chihod, on Friday, that the Front will vote on the dismissal of Defense Minister Khaled al-Obeidi, a unanimous vote after no conviction Bojobth." For sure, there are two groups vying for control of Iraq right now, those who want to maintain the status quo and the other wants change. So far we're at a stalemate, especially now that Tariq Harb is saying Mahmood can't be forced out, but hopefully the good guys come out on top. The judiciary is going to be even more important pretty soon, the investigative teams and UN can find all the evidence against the corrupt but in the end, Iraq needs a functioning judiciary to charge, prosecute and imprison those who are guilty. Right now, with Mahmood in, they don't have that. IMO.
8-21-2016 Newshound Guru tlm724 Article: "we seek to secure financial alternatives for the sustainability of the services" yep...we don't want Iraq to get even a lil bit comfortable with oil prices inching up. They need a permanent contingency plan for now and the future to be able to generate income away from oil!
8-21-2016 Newshound Guru rcookie Article: "Iraq: 21 international investigators to examine the prime ministers of corruption files" Quote: "...the 21 international investigators will arrive in Baghdad at the end of this month to start an investigation into financial corruption files, based on a memorandum of understanding signed by the Iraqi government with the United Nations last week..." SO...ANYONE IN NEED OF ANSWERING THE SOMETIMES RHETORICAL QUESTION AS TO WHY MALIKI AND SOME OF THE WHALES RESPONSIBLE FOR SO MUCH THEFT...CORRUPTION AND DAMAGE TO IRAQ & ITS PEOPLE ARE STILL WALKING AROUND AND NOT YET BROUGHT TO JUSTICE....HERE IS YOUR ANSWER...JUSTICE SOON AWAITS...THE CHARGES AWAITING MALIKI ALONE ARE OVER 4 PAGES LONG... THIS IS HUGE...HUGE...ABADI IS A GENIUS...
8-21-2016 Intel Guru ADMINBILL HOPEFULLY THIS WEEK (STARTING TODAY) WILL BE AN INTERESTING TIME IN HISTORY. WITH THE FINANCIAL WORLD IN TURMOIL SOMETHING HAS TO GIVE SOON IMO. NOT THAT MANY DAYS LEFT IN AUGUST WITH A NEW FISCAL YEAR FAST APPROACHING...
8-21-2016 Newshound Guru rcookie [...I would think to pay foreign contractors their would need to be some sort of rate established.] THERE DOES...AND MORE IMPORTANTLY WHY THE IMF TASKED THEM TO OVERHAUL THEIR CREDIT REGISTRY AND RISK ASSESSMENT PROCESSES...NEED TO BE READY FOR THE INVESTMENT WHALES.
8-21-2016 Newshound Guru Kaperoni Article quote: "...the US panel competent to combat financial intelligence department personnel discovered 300 banking company and money transfer and 6 suspicious Iraqi banks operate offense laundering financial aid, noting that the committee has reached Baghdad..." IMO, time is of the essence to activate the banking system. That being said, this committee is there to clean up the mess so reforms can proceed.
8-21-2016 Newshound Guru Aggiedad77 Article: "Economic parliamentary: the decision to adopt $ 35 for a barrel of oil in the budget of 2016 is a given right" Quote: "...the government consulted with the International Monetary Fund and made a decision to reduce the price of oil per barrel in the 2016 budget from 45 to $ 35 for control of the state requirements, as the 2016 budget of 105 trillion dinars reduced to 90 trillion dinars to control the deficit." What I find encouraging about this article is the fact that they are seeking consultation from the IMF with what to do regarding their budget...lean on the knowledge of others who run far bigger entities in the world.
8-20-2016 Newshound Guru rcookie Article: "Parliament went to resolve points of contention in the Justice and Accountability Law Tuesday" A & J LAW VOTE ON TUESDAY [&] THE GENERAL AMNESTY LAW...LOOKS LIKE BOTH WILL BE VOTED ON TUESDAY THE 23RD..THE 2 BIGGEST LAWS OF NATIONAL UNITY & RECONCILIATION... 2 FOR THE PRICE OF 1 AND THEY ARE HUGE...VERY IMPORTANT.
8-20-2016 Newshound Guru rcookie ...IRAQ IS GOING TO HAVE AN INVESTMENT SERVICES COMPLEX TO ACCESS AND UNDERSTAND THE SERVICES OFFERED TO INVESTORS INCLUDING INTEGRATED SERVICES ACCESS TO GOV'T AGENCIES IN ONE PLACE...1 STOP SHOPPING AND INVESTOR SERVICES ACCESS!...THAT IS AWESOME!!
8-20-2016 Newshound Guru firefly Article quote: "He predicted the financial advisor to the Prime Minister that "the budget deficit in 2017 up to about $ 18 billion," stressing that "the budget was drawn according to what has been agreed upon with the International Monetary Fund." Now this is Saleh talking! Abadi's Financial advisor. This is worth repeating: "the budget was drawn according to what has been agreed upon with the International Monetary Fund." Remember, the IMF's role is preparations for countries through Article IV meetings. ...we are watching the play in the front row seats!
8-20-2016 Intel/Newshound Guru tman23 IMO...Ernest and Young are to be close to finishing setting up the 2 state banks near End of October... October is when the WB and IMF funds are scheduled to be released to Iraq... October is when we will see the liberation of Mosul... Basically...The CBI will have 60 days to the first of the year to introduce and educate citizens on the lower denoms... WE should begin to hear tons of chatter on the subject mid to late September.
8-20-2016 Newshound Guru rcookie ...THE REAL TELLING NUMBER IN THE RELEASED 2017 BUDGET DATA...FOR THE FIRST TIME THEIR GDP IS UNDER 90% OIL RELIANT REVENUES...THAT MEANS THEIR NON OIL REVENUE STREAMS LIKE CUSTOMS TARIFFS...ELECTRICITY & TELECOMMUNICATION TAXES...NATURAL GAS...LNG AND CONDENSATE AND OTHER EXPORT PRODUCTS ARE MAKING IRAQ LESS OIL RELIANT THAN THEY HAVE EVER BEEN...AND THE DIRECTION THE 3 LETTER AGENCIES WANT TO SEE THEM GO...
8-20-2016 Newshound/Intel Guru BGG [lots of news...just cant believe how much has been going on in Iraq!] I can't believe it either. In fact, one has to wonder when that "tipping point" is...when so much is done, so much is accomplished, their economy is in such a state the "grossly undervalued" price of the Dinar is doing them considerable economic harm...there was a time the currency imbalance worked for them - however, I think they are nearing this place where they would like it to be "upped"...The flip side of Iraq wanting their currency "upped" - is they aren't the ones with the ultimate say...which brings us back to the IMF/UN being in such critical advisory roles. Iraq's GOI has BEEN ON FIRE to get their democracy righted since January... what changed? IMF/UN oversight... there has to be some carrot...
8-20-2016 Intel Guru ADMINBILL ANOTHER WEEKEND IS UPON US IN DINARVILLE. SEVERAL SAYING THIS COULD BE THE WEEKEND WHILE OTHERS SAY IT WON'T HAPPEN UNTIL OCTOBER. THE POINT IS WE JUST DO NOT KNOW THE DATE OR RATE AND WON'T UNTIL THE DEED IS DONE. I SAW AN ARTICLE...CLAIMING THERE ARE NO EXCHANGE CENTERS. NOT SURE IF THAT IS TRUE BUT BASED UPON ALL THAT I HAVE HEARD THERE ARE EXCHANGE CENTERS. ARE THERE 7,000? WHO KNOWS. MOST OF THOSE KIND OF QUESTIONS WILL NOT BE ANSWERED UNTIL THE RV HAS FINALLY PUSHED ITSELF TO COMPLETION.
8-19-2016 Newshound Guru Bondlady Article: "Iraqi legislature overlooked the seriousness of Article 140 of the Constitution" barzani is forcing article 140 to be settled...this will eventually (in the near future) divide Iraq. back in the day and now as well, I always believed that for us to see our rv or return of our investment, we needed to see art 140, hcl, power to the provinces, making there own contracts and money without bagdad interfering...ch 7, the terrorist law, (amnesty law) etc..most of these things are now being done laws are being passed to insure these things...getting rid of dash is the beginning of art 140 being resolved cause barzani is forcing the issue with the backing of the pershmerga army...they are leaving kurd army in place to protect it so dash or bagdad wont have to...plus I don't think there gonna give up the land, they believe saddam stole from them. its getting a lot worse before it gets better, and is happening very quickly, were about to see all the things weve waited for all these years to come about...all imo.
8-19-2016 Intel Guru Frank26 the Financial Committee met two days ago with the CBI...It is important...that you understand that this meeting...IOO was...the very first time...the Finance Committee actually met with the CBI...and they talked about the IQD...their currency...their currency’s true rate...and about the exchange rate about their currency... Abadi said the new budget is going to reflect the lifting of the 000’s from our exchange rate. ...so...are you guys done? ...CBI...we’ve been ready for a long time...we’ve been waiting for security...we’ve been waiting for terrorism to go away...we’ve been waiting for corruption to go away within us and the GOI...I think we are ready...Dr. Shabibi said that the next budget will reflect the new numbers of these meetings....I don’t know what the rate will be...I don’t even know when they are going to do this...but I do know that these are the things they are saying to us. [post 3 of 3]
8-19-2016 Intel Guru Frank26 Abadi has removed many corrupt ministers... with the help of these agencies...and in fact just recently he replaced five of them and there are more to come...some of them are called technocrats...wiser... smarter people...more honest people that actually want to do something for...Iraq. Allak has been holding the proxy position as the governor of the Central Bank of Iraq...and...Abadi and Dr. Shabibi IMO...were busy selecting the governor of the CBI...besides the ministers...the proxy governor of the CBI is about to be replaced...IMO Allak’s replacement is already on the plane. [post 2 of 3....stay tuned]
8-19-2016 Intel Guru Frank26 Mosul is what we look at right now...through the eyes of the United Nations, the WTO, and the United States of America...The IMF suggested to the country of Iraq that you should float your currency...and that you should enter the international world in the first half of the year and we will take you there in 2016...and that you should remove corruption from the CBI and the GOI…and the UN and the coalition forces will help you remove the corruption of ISIS and DAASH in your country. As we sit on top of a very big mountain right now and look down upon the scenery below us...we see these things accomplished...and as we get closer and closer we are seeing that many things are accomplished. [post 1 of 3....stay tuned]
8-19-2016 Intel Guru Jester ...THERE IS NO RESET SWITCH... I HAVE ALWAYS SAID...THAT THIS IS A PROCESS... A PLANNED EVENT OVER TIME THAT THEY WILL ATTEMPT TO DO SO NO ONE WILL NOTICE...WE DO NOT HAVE ANY REAL INFORMATION AS TO HOW FAR ANY GIVEN COUNTRY WILL BE ADJUSTED...NO ONE KNOWS THE ANSWER TO THAT BUT THE ONES IN CHARGE OF THE ASSET BACKED FORMULAS...SO ALL WE CAN DO IS SEE THAT IT IS HAPPENING...
8-19-2016 Newshound Guru mike ...they'll get this open market economy up and running and the country will prosper or they won't and in a short time they won't be able to make payroll for the 4 million plus state employees and then all hell is going to break loose. They say necessity is the mother of all inventions and I'm hoping this applies to Iraq as well. Iraq needs to course correct in a big way for it's own political and sovereign survival. The investment is still a good one...even if the currency goes to a quarter it's still a 25,000% increase in your investment... All we're waiting for is the political will for real change...IMO. [post 2 of 2]
8-19-2016 Newshound Guru mike Until Iraq develops the political will for change, things will be the same two years from now as well...here's the thing, they can't afford to continue the way they've always done things. The financial crutch and foundation for this corrupt nation has all but evaporated. Oil will not save the day for Iraq and it's corrupt leadership anymore. The reserves, or the nation's safety net, is eroding at an alarming rate and in a short time there won't be enough money to borrow to keep this country afloat. Two things will happen in Iraq... [post 1 of 2....stay tuned]
8-19-2016 Intel Guru Bruce ...we talked about the Amnesty Law having been passed and gone through and been put into the Gazette? Evidently there’s five parts to that Amnesty Law. Three ...of the parts have been passed and gone through and are in the Gazette. There may be two more aspects to it that might...go through the weekend. We don’t believe that these two aspects of the Amnesty Law...will hold anything up or is something that we’re waiting to have happen. I will say this, looking at this thing from my perspective; it appears we are coming down to the wire. It appears this is to go between now and the weekend. I’m not going to name dates. I’m not going to name days. I’m excited about how close we are.
8-19-2016 Newshound Guru wmawhite Article "Iraq is Back in Business, According to Wyndham Group" Quote: "...the Wyndham Hotel Group will be building two new hotels in Najaf before 2018, a secure southern town that sees huge influxes of religious pilgrims." do you think that they just thought of this today? Really...they have been looking at these projects for YEARS!
8-19-2016 Newshound Guru rcookie Article: "Anbar governor reveals an agreement to build a modern, commercial city in Habbaniyah" ANOTHER CITY...THIS ONE A MODERN COMMERCIAL CITY IN ANBAR WITH A CONSORTIUM OF PRIVATE SECTOR COMPANIES FROM THE US AND SOUTH KOREA. THE STATEMENTS IN THAT ARTICLE ARE PROFOUND AND SPEAK DIRECTLY TO THE LEVEL OF GLOBAL CONFIDENCE IN IRAQ'S ECONOMIC PRESENT & FUTURE...JUST TRY AND GRASP THE SCOPE AND MAGNITUDE OF THIS PROJECT...THE LARGEST DEVELOPMENT PROJECT IN ALL OF IRAQ. TO BUILD A MODERN COMMERCIAL CITY OVER 10 YEARS STARTING 2017 SPANNING 40 MILLION SQUARE METERS (15.5 SQ MILES)...15.5 SQUARE MILES WORTH OF DEVELOPMENT SPACE...ANYONE HERE UNDER THE IMPRESSION THE INTERNATIONAL INVESTMENT COMMUNITY LACKS CONFIDENCE IN IRAQ AND ITS INSTITUTIONAL STABILITY...NOT! ...AND THE FACILITATORS OF THIS ANBAR PROJECT ARE THE UNITED STATES AND SOUTH KOREA...
8-18-2016 Newshound Guru firefly Article: "Presented Finance Minister Hoshyar Zebari, a draft 2017 budget law to the Council of Ministers." Now this is interesting, wonder when the deadline is to approve it? And why talk about it in August! Why would they want it completed in Sept? The numbers are mind boggling. Follow the money folks!
8-18-2016 Newshound Guru rcookie Article quote: "Amnesty bill does not reveal a clear philosophy in dealing with the crimes covered by the amnesty, and the crimes are excluded from it." THIS PIECE GIVES YOU EVERYTHING ABOUT AMNESTY LAW BACKGROUND HISTORY UP TO TODAY THAT YOU COULD ASK FOR...THIS IS AN EXCEPTIONALLY COMPLEX LAW...WITH FAR REACHING CONSEQUENCES THAT WILL IMPACT THEIR SOCIETY FOR A LONG TIME...FROM TORTURE...TO TERRORISM...TO FAKE DIPLOMAS & COUNTERFEITING...THE APPEAL PROCESS AND IMMUNITY... AND CAN OBVIOUSLY SEE WHY IT HAS TAKEN SO MUCH TIME AND ELICITS SUCH DEBATE FROM SO MANY ANGLES... BIG...BIG...ISSUES ...THEY ONLY HAVE ONE SHOT AT IT...
8-18-2016 Intel Guru Frank26 [Last week you stated the fiscal year for Iraq is October to September, but...you changed that to say Iraq's fiscal year has always been January to December. So has the time frame now changed from September/October to December, 2016 or even possibly the beginning of 2017...Would you mind clarifying this?] Said does NOT have to be that long...Said they are way ahead of schedule...Said all of M. E. is always on a Financial Year...Said all has to happen BEFORE they enter 2017...They will launch their 2017 Budget on 1/1/17 as they and the ME ALWAYS DO...As the 2017 Budget comes to life with a new rate in September of 2016...IMO.
8-18-2016 Newshound Guru rcookie Article: "Ministry of Finance: the adoption and the wills of oil by 90% in 2017 budget" Quote: "The Ministry of Finance next month of September, the date for the completion of the state budget for the year 2017..." ...SO IN ATTACKING THE FORMATION OF THE 2017 BUDGET...ZEBARI ANNOUNCES THAT IRAQ BUDGET 2017 DEPENDS ON OIL SALES BY LESS THAN 90% FOR THE 1ST TIME IN SEVERAL DECADES...AND WILL BE COMPLETED BY END OF SEPTEMBER. THEY HAVE CHANGED THE IMPETUS OF THEIR ECONOMY...AND WILL ONLY CONTINUE TO IMPROVE & PROSPER...AND OBVIOUSLY EARNED THE RESPECT...CONFIDENCE AND STABILIZATION THE 3 LETTER AGENCIES ARE FORECASTING RELEVANT TO THE STRONG GROWTH IN GDP AND FOREIGN DIRECT INVESTMENT NUMBERS...TALK ABOUT PROGRESS IN THE RIGHT DIRECTION...
8-18-2016 Intel Guru ADMINBILL WHAT NEWS I HAVE RECEIVED IS GOOD. EVEN THE POSTS FROM [GURU] FRANK, [GURU] DELTA AND OTHERS POINT TO GOOD THINGS HAPPENING. CONTINUE TO BE DILIGENT AS WE NEAR THE RELEASE...
8-18-2016 Newshound Guru wmawhite Remember, the size of the notes in a marketplace is reflective of the price of goods in the marketplace. In order for the lower denominated notes to be used in the marketplace is for the prices to have decreased enough for them to be used. With Iraq still importing 85% of its goods, those prices in the marketplace will lower once the value of the currency buying them increases in value significantly. Those goods are imported today with the USD. Those prices will not be brought down in price importing them with a currency less valuable than a dollar.
8-18-2016 Newshound Guru Adam Montana [If we would see a RV in October 2016, do you believe it would be at the once mentioned rate of .10 cents.] Depends on oil prices. If it starts spiking, which is very possible, then yes I think 10 pennies or even higher. If oil is hovering around $50, but we see the HCL, then I'd look for 5-10 cents.
8-18-2016 Newshound Guru rcookie Article: "Iraqi delegation in Cairo to take advantage of the experience of the Egyptian Investment Authority" ADDING 488 IRAQIS HAVE BEEN TRAINED IN THE PROGRAM IN THE INVESTMENT... INSURANCE... STOCK EXCHANGE...AND CAPITAL MARKET AREAS AND GREETED BY THE 18 MEMBER IRAQI DELEGATION OF GOV'T AGENCIES & NATIONAL COMMISSION FOR IRAQI INVESTMENT... AND NOTES IRAQ IS RANKED 25TH IN COUNTRIES INVESTED IN EGYPT... COMPRISED OF 3324 COMPANIES WORTH 492 MILLION AND OVER 4000 EMPLOYEES IN ALL SECTORS... WOW!! WHO IS THE MOST INTERESTED IN SETTLING OF DISPUTES BETWEEN BUSINESSES AND COUNTRIES... HANDLING TRADE DISPUTES BETWEEN PARTIES AND NATIONS... IT IS 1 OF THE FINAL STEPS FOR WTO ACCESSION.
8-18-2016 Newshound Guru Adam Montana [do you think that there is any chance that once the RV is started that they will try to "cheat us" out of a fair share of the RV?] Nope. I understand your concern and where you are coming from, but it would be "RV Suicide" to try to steal from those that they need to support them. Basically, you're alluding to an "in country" RV. I don't have any fears of that happening.
8-17-2016 Newshound Guru Breitling ...They’ve kind of accelerated what it is they want to do. That’s why you’re seeing a lot of articles coming out talking about retiring notes and stuff like that. It’s not the CBI itself. Remember how I follow the laws of Iraq. It’s the parliament, the ministry of Planning, the ministry of Finance and then the CBI…if you have those 4 talking about it in THAT order then it means something. What are the numbers. Who’s passing the law…that’s what I want to know. The CBI said they were going to add value to the currency. The ministry of planning said they were going to add value to their currency. The minister of Finance said we are going to add value to the currency. Parliament said we are going to add value to the currency. The IMF is on board so Iraq can add value to their currency…If you don’t understand this part of it, it’s tough to follow. How do you do it? The numbers are there. It’s not an opinion. [Post 2 of 2]
8-17-2016 Newshound Guru rcookie Article: "Parliamentary legal reaffirms resolve disputes about the amnesty law and vote next Tuesday" DEADLINE OF NEXT TUESDAY TO VOTE...AND CONFIRMATION THAT ALL DISPUTES ABOUT THE AMNESTY LAW HAD BEEN SETTLED...
8-17-2016 Intel Guru Delta CBI SITE TENDER 08/17/2016. ASKING COMPANIES TO PROVIDE THEIR TENDER FOR COUNTING AND SORTING MACHINES FOR LOCAL AND FOREIGN CURRENCY. 09/18/2016 IS THE LAST DAY TO SUBMIT THE TENDER.
8-17-2016 Newshound Guru mike I think Iraq's reserves are around $50 billion, M0 money supply is at least 30 trillion dinars and when you add in the ISX and other things, the M0 is roughly 60 trillion dinars, or a ballpark of 30-60 billion dollars worth of dinar at the 1182 rate. But what happens if you raise the rate to say 0.10? Now, that same 30 trillion dinar is worth $3 trillion dollars, that's nowhere close to 150% coverage of the curency in reserves. I'm all for the float but hopefully Iraq will get the currency into Article VIII first. [post 2 of 2]
8-17-2016 Newshound Guru mike Article quote: "The float of the dinar that reduces pressure on the central bank in relation to the size of the foreign currency reserves..." For me, the float is a great idea, after they've moved to Article VIII. There won't be any demand for the dinar until it's internationally recognized and accepted. ...just look at the street rate vs official rate as it stands today, there's a 9% spread. Once Iraqi's can buy Turkish tomatoes with the dinar, demand will increase. There are many in the GOI who are all for the float today because they know it will probably drop to somewhere between 1400 and 1500-$1 and it will result in lower costs for payroll etc. [post 1 of 2....stay tuned]
8-17-2016 Intel Guru ADMINBILL NO RV YET... ONE DAY SOON WE WILL BE REJOICING. WHEN? I AM NOT SURE. IT HAS BEEN SO QUIET YOU CAN HEAR A PIN DROP. MY CONTACTS ARE VERY OPTIMISTIC BUT THEIR SOURCES HAVE GONE SILENT WHICH MEANS THEY BELIEVE WE ARE CLOSER THAN CLOSE.
8-17-2016 Intel Guru Frank26 Quote: ”The GOI Signs on Thursday a Memorandum of Understanding with the United Nations that Requires the Involvement of International Investigators in the Files of the Grounds of Corruption” the UN is there with...handcuffs...to a degree…The UN is going in to...to remove the corruption...We are waiting…and watching for the UN to be successful in what they are doing…me and my TEAMS only care about the UN, the WTO, the IMF and the USA right now...Monetary Reform is out right now in front of our eyes...even before they release Mosul to you as liberated...they have already passed all the laws for the Monetary Reform...once they give you Mosul...what did we tell you...IMO the Monetary Reform will come at you with the speed of light.
8-17-2016 Newshound Guru Breitling …Iraq has been hit because of the oil prices that went down. It messed everybody up…it really did. but in the end what’s the answer? What’s on the table? Banks are having problems getting people cash. And then you have people out there say they have too much dinar out there so it’s not going to revalue. how does that work? doesn’t make any sense does it? Not only that but you have two reports that came out talking about one at 6 billion notes and one at 4 billion notes. [See Bretling Post from 8-16-2016] …Yeah let’s say it’s true…they have 53 trillion dinar…then yeah it’s not going to revalue. but it’s up to you. I’m not going to convince anyone of anything, it’s not my job. I know exactly what’s going on. I know exactly what the numbers are. And they’ve reduced it since the 4 billion note count. How long ago? I don’t know. I know what’s coming down the road….what’s going on in Iraq is pretty shocking. [Post 1 of 2 stay tuned for the rest of the story]
8-17-2016 Newshound Guru rcookie Article quote: "Ahmed Abd Rabou opened the Commerce Department a new center for Supply in the city of Ramadi..." ...HERE COMMERCE MINISTRY IS ANNOUNCING OPENING OF NEW SUPPLY TRADE CENTER IN RAMADI AFTER ACHIEVING REQUIRED STABILITY IN RECORD TIME...TO SAY THAT ABADI AND HIS NEW CABINET MINISTERS SWORN IN YESTERDAY HAD A HUGE DAY TODAY...BIG UNDERSTATEMENT...
8-17-2016 Newshound Guru mike Article quote: "...the lack of confidence of citizens in banks behind it are many reasons, such as lack the Iraqi government keeping its commitments to the private sector..." Literally, for years, we've read about the banks not being up to snuff, corruption and the governments lack of support for the open market economy. Statistically speaking, they can't maintain this kind of failure and ineffectiveness forever, can they?
8-17-2016 Newshound Guru Kaperoni Article: "Keywords acknowledges the absence of fiscal policy and accuses the institutions working for political interests Baaaguetha" Don't confuse "fiscal policy" with "monetary policy" Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. It is the sister strategy to monetary policy through which a central bank influences a nation's money supply. [reference Guru mike post 8-16-2016]
8-17-2016 Intel Guru Frank26 Quote: ”The Duties of the WTO Task Force is to Reduce the Difference of the Value of the IQD to the USD and Activating Iraq’s Private Sector” ...the WTO is telling you they have a task force in Iraq and we are doing our best to close the gap between the IQD and the USD...by raising the value...The WTO is now in position to welcome them...how will you know when Iraq is international...the moment the WTO tells you they have accepted them as members...the international status of Iraq is eager to introduce their currency...not at a program rate.
8-16-2016 Newshound Guru Breitling They [People who feel there is trillions of dinar out there] look at the CBI and they’ll look at the reports coming in and it says in their reserve they have 53 Trillion dinar or 61 trillion…at one time it was 81 trillion and then it went down. People don’t understand it’s all the assets combined…it’s gold, it’s oil, it’s the reserve, it’s not the country’s note count. There are 2 reports that come out…one report said they had 6 billion notes and how much dinar that represented…I’ve talked about this for years. Then the next report came out and it said it was down to 4 billion notes but it never came out with how much that 4 billion represented. People would get the countries note count mixed up with the countries overall value. [Part 2 of 2]
8-16-2016 Newshound Guru rcookie Article: "Basra calling for the rehabilitation of border outlets being an important economic resource" ...WHERE AT ONE TIME THE CUSTOMS TARIFFS INCREASES TO BE IMPOSED AT BORDER POINT WERE MAJOR OBSTACLE AND SOURCE OF CONTENTION IN THESE BORDER CROSSING AREAS...THE SUCCESS OF THE REVENUE STREAMS TO THE COUNTRY AND PROVINCIAL SHARE OF THE REVENUES HAVE THESE AREAS TRIPPING OVER THEMSELVES TO GET ENGAGED...WHAT A DIFFERENCE A YEAR MAKES.
8-16-2016 Newshound Guru Breitling Article “Dozens demonstrate in front of the family bank in central Baghdad to demand their money...” People don’t realize this but this has been going on at more than one bank. The thing is the banks are not releasing cash to the citizens. And that’s strange since there are misunderstandings out there of how much dinar is out there. With all that dinar out there [Said sarcastically]. There’s a shortage of getting citizens their money? That worthless dinar? How does that happen? Strange circumstances don’t you think? With trillions and trillions of dinar out there…and that’s the accusation that’s out there…why would they have problems giving cash to people on the streets? [If there was trillions of dinar] It doesn’t exist. …it’s not a nation wide thing but it keeps happening over and over again. So again, my question is…With all these trillions of dinars? …It’s the note count and it’s something that’s not talked about…[Part 1 of 2]
8-16-2016 Intel/Newshound Guru Mnt Goat By the time the new RV happens they want to have as much of the 3 zero notes already exchanged in Iraq as possible. The e-dinar implementation will also help too since I believe this is why they will use the e-dinar for months to pay people instead of hard currency. (from Sept 1st 2016 thru Jan 1st 2017)... This will not put any more new currency back into circulation and thus limit the possibility of 3 zero notes later. So they needed all this time to clean up the financial and banking system. Remember the IMF came into being a major player in the process in Oct 2015... This new 5.4 billion loan is bait...bating Iraq to go alone with the needed reforms. Also they do not want to give them this aid unless they can pay it back and the reforms are their assurance. They are supposed to get another 2 billion of the loan by the end of the year. Do you now see just how close we are to the RV? We are approaching an RV window...The window is Sept 1st 2016 thru Jan 1st 2017...its coming...at least they will attempt it one more time. [post 3 of 3]
8-16-2016 Intel/Newshound Guru Mnt Goat For instance 4 of the $25,000k notes today is worth $100 dollars. Then they launch the lower denoms. The new $100 notes will be worth $100 dollars. Easy one note instead of four notes. No value change yet. But when they go to the bank to dump (exchange) their cumbersome, extra large 3 zero notes it will be a 1:1. They will turn in 4 of the $25,000 notes for one $100 new notes. Value stays exactly the same. So citizens in Iraq will have the exact same purchasing power only they won't have to carry wads of these 3 zero notes of to purchase. Note they did not say 1:1 with the USD they simply said 1:1 with the old currency to the new currency value. When do we make our millions then? This is step #2: The process calls for bringing the dinar back to the true value pre-war years. This is the bonus for us, this is the RV. But this new rate will not have any effect on the Iraqi citizen... ...the exchange rate we keep hearing about of $3.22 - $4.20 is for the USA value in dollars...our $25,000 dinar notes get exchanged to dollars. So at an RV of $3.00 we would get $75,000 for our $25,000 note. [post 2 of 3....stay tuned]
8-16-2016 Intel/Newshound Guru Mnt Goat Remember this RV is going to be a two stage process. First they must launch the lower denominations at a 1:1 and then later comes the RV with an increase in value. The new value will coincide with the post war value plus equity. Article: "Economists divided over deletion of zeros on Iraqi dinar" This is an amazing article... This article confirms that the RV is a two step process. The First step: Quote: "that the step to delete zeros is merely an administrative process, and the currency equation should remain the same. This means that the purchasing power of the new currency should be equal to that of the old currency. He added that the two currencies should both remain in the market for a period not exceeding three years, then the old currency should be gradually withdrawn". So how do they get the old currency to equal the new currency value from an RV we all keep hearing about? [post 1 of 3....stay tuned]
8-16-2016 Newshound/Intel Guru BGG [...2017 BUDGET WILL BE $82 BILLION AND BASED ON $40 PER BARREL...] I haven't looked at any recent budget numbers - but doesn't that leave them pretty short still? On the other hand, if oil spikes - which it always does - they will be in really good shape...in fact, REALLY good shape.
8-16-2016 Newshound Guru mike To me, fisal policy = legislation. I don't think you'll find concrete evidence that he's wrong, just the absence of the legislation that's necessary for economic/monetary reform. I think we're hearing a lot of discussion from the economists, IMF and even the CBI, but precious little from the government itself. I think they're begrudgingly following the guidelines the IMF set up so they can have access to the loans, but I would agree with Keywords, they don't have a long term plan. Hopefully I'm way off base and 2017 is the year... [post 2 of 2]
8-16-2016 Newshound Guru mike Article: "Keywords acknowledges the absence of fiscal policy and accuses the institutions working for political interests Baaaguetha" I'm puzzled as to why Keyword's would put these kinds of statements out today when there's supposed to be a plan to move this country forward economically and monetarily. We keep hearing about a plan and yet Keywords is telling us there isn't one. I guess time will tell, they told us Iraq would be part of the worlds economy by mid 2016 and now they've moved it to 2017, here's hoping that is still the plan. [post 1 of 2....stay tuned]
8-29-2016 Intel/Newshound Guru tman23 Direct words from the CBI to the GOI in several meetings...There will be no currency reform until all provinces are under government control...it was printed in ink in news articles... That being said, the liberation of Mosul is expected to take place end of September early October. Ernest and Young are expected to be finishing up with the 2 state banks mid October to end of October...Shabibi had said that the lifting of the zeros must begin at the start of the New Year and not in the middle of a quarter or middle of the year...it is not unreasonable to speculate that the lifting of the 3 zeros may be on the front burner for the start of 2017... [post 1 of 2....stay tuned]
8-29-2016 Newshound/Intel Guru BGG [what do you think is going to happen zebari this week...him being removed...will cause a problem for investment?] No - I don't think so... the financial side of this appears to be moving "FULL STEAM AHEAD"...
8-29-2016 Newshound Guru OOTW VERY IMPORTANT LAW WAS PASSED TODAY...THIS LAW GOVERNS REGULATIONS/LEGALITY OF PEOPLE AND GOODS CROSSING AT BORDERS...IRAQ IS DOING QUITE A BIT IN THE PAST FEW MONTHS TO APPEASE THEIR LENDERS (IMF WB, ETC)...ALSO THIS WOULD BE A REQUIREMENT FOR THE WTO...ALL REALLY GREAT NEWS...REMEMBER THAT IN EARLY JULY IRAQ PARTICIPATED IN A TRAINING COURSE AT THE WTO... I CONTINUALLY MONITOR THE WTO SITE FOR SUCH ADDITIONS AND WILL KEEP EVERYONE POSTED, SHOULD I FIND SOMETHING ABLE TO BE VALIDATED AND PERTAINING TO IRAQ' ACCESSION.
8-29-2016 Newshound Guru Mnt Goat Article: The national coalition led by Iyad Allawi confirmed on Monday (22 August 2016), the dollar exchange rate in the domestic market management is a "window of thieves and corrupt"...and he expressed concern regarding the determination to continue the auction currency policy despite the warnings and recommendations of experts, called for the inclusion of the Central Bank reforms approved by the House of Representatives. Folks Allawi is calling for the implementation of the currency reforms including the project to delete the zeros and to get out of a “closed economy” and thus stop the need to convert dinars to USD to pay debts. This is a recent article and so we can see the pressure continues for currency reform.
8-29-2016 Newshound/Intel Guru BGG "The World Bank expressed its readiness to support the Iraqi government financial funding without conditions in order to support its reform program which was approved by the House of Representatives ..." "it's reform program..." - already approved by the HoR? what are they talking about? [Looks like they know what we don't.] that's exactly what it looks like...and in light of the MoP "printed plan" from 2012/2013...looks like "back to Plan A"...BTW - MoP (Iraq Ministry of Planning) "printed plan" from 2012/2013 = IQD worth 1.13 USD for approx. 3 years...
8-29-2016 Newshound Guru firefly Remember, their currency was NEVER devalued ...it was shut off due to sanctions...At the request of the US and the UK.
8-29-2016 Newshound/Intel Guru BGG ...once they step across that "currency threshold" moving towards a "singular currency regime" - the logical solution is for the IQD to be "on par" with the USD (which they are currently using)...you do realize what I just said - RIGHT? the IQD is widely regarded as "GROSSLY UNDERVALUED"... by noted world economists... for them to move to a "single currency" there needs to be some parity once they do so...they can't come right out and say what it is they really mean (or convey their true intentions)... but this is looking inevitable. [post 2 of 2]
8-29-2016 Newshound/Intel Guru BGG I cannot see how anyone is actually following the financial details of this thing and not be thoroughly EXCITED about where we are (finally!)...One point that gets missed alot - they have signed deals and agreed to remove and adhere to a more "international standard" regarding their internal MCPs... (..."multi-currency practices")... THIS IS HUGE... MCPs coming to an end...this is a big point in their whole "economic reform package" - it is a complete overhaul... MCPs and currency being only one point of the program...even until recently - they are still (or have been) operating under some odd MCPs. The WB and IMF doesn't like it...they have agreed to change - and have taken direct action and taken on breath-taking reforms on daily...it's happening before our very eyes...and my final thought is this... [post 1 of 2....stay tuned]
8-28-2016 Newshound Guru Phoenix3333 Article: "Iraq's Credit Rating (B- / B) with a stable outlook (Standard & Poor)" Quote: "Set the credit rating agency Global Standard & Poor 's , on Saturday, its credit rating for Iraq when (B- / B) with a stable outlook. The experts say that this class is very close to the economic reality of Iraq under the circumstances witnessed by the decline in oil prices and the war on « Daesh »terrorist."
8-28-2016 Intel Guru ADMINBILL HERE WE ARE AGAIN. ANOTHER DAY OF THE WEEK UPON US WITH RUMORS IN THE AIR OF PAYMENTS MADE AND SIGNATURES COMPLETED. PROGRESS IS BEING MADE OR SO WE ARE BEING TOLD. ACTUALLY, I BELIEVE THAT IS TRUE. PERSONALLY, AND THIS IS JUST MY OPINION AND NOT BASED UPON ANY FACT, THE RV/GCR/BOND FUNDING INITIATIVE HAS CHANGED COURSE WITH THE INTRODUCTION OF A NEW ASSET INTO THE PICTURE A COUPLE OF YEARS AGO. INSTEAD OF THE GEORGE BUSH PROMISE TO PAY FOR THE IRAQ WAR WE SEE AN ESCALATED EFFORT TO RESHAPE OUR WORLD WITH EXTRAORDINARY PROJECTS AIMED TO BETTER INTERNATIONAL COMMUNITIES AND COUNTRIES. IT IS A PROCESS. WE MAY SEE AN END THIS MONTH OR POSSIBLY LATER THIS YEAR.
8-28-2016 Newshound Guru mike Article: "Economist: 2017 investment budget will not be implemented because of the magnitude of the deficit" Quote: "It is said that the Prime Minister Haider al-Abadi, said he was determined price of $ 35 per barrel of oil within the 2017 budget, noting that the 2017 budget suffers from a large deficit to a lack of oil imports, compared with a rise of employees and retirees salary cap." This guy is spot on about the investment side of the budget, its a figment of imagination. If Iraq pumps 3.5 mbpd at $35 or $40 a barrel, that's only $50 billion annually, that's just enough for payroll. From what I've read, the IMF is trying to get rid of this kind of stuff but even with that, there's nothing left for infrastructure or government owned enterprises, oil won't cut it anymore.
8-28-2016 Newshound Guru Breitling …Iraq has always stated they want to get down to a billion notes…the last report that I’ve seen they were at 4 billion notes. Since then they have gotten rid of the 50 dinar note. 80 to 85% of their currency is the 25K note. They are introducing the 50K note and the 100K note…they haven’t done it yet but if they do that is going to allow them to take a certain amount of 25k notes off the market and it’s going to reduce the note count even more. Pushing forward there is no bad new here. People are in panic mode cause it’s complete opposite of what they think. If you strictly go by the numbers the dinar is a phenomenal opportunity, it hasn’t changed. How many countries are out there saying they’re going to add value to their currency? There’s only one. Not only that but they created a checklist on exactly what they need to do to add value to their currency…they said eventually they were going to reduce the note count and they’ve hit every flip’n mark and people are still blind to it!
8-28-2016 Newshound Guru rcookie Article: "Government Basra suffered projects in front of the World Bank for a loan to be implemented" Quote: "...for his part, the regional Director of the World Bank Farid Belhaj the projects that the World Bank has financed prejudice directly in the lives of citizens..." THE INT'L AGENCIES ACTING AS A DIRECT LENDING AGENT TO THE PROVINCES FOR DEVELOPMENT PROJECTS...WHICH FACILITATES THE TRANSFER OF POWERS FROM THE CENTRAL TO THE PROVINCES... CUTTING OUT THE CORRUPT MIDDLEMAN...AND IN THE END ASSURING THE FUNDING OF THESE CRITICAL INFRASTRUCTURE PROJECTS GETS TO SOURCE IT WAS INTENDED FOR...GREAT NEWS FOR THEM!
8-28-2016 Newshound Guru rcookie PARLIAMENT VOTED ON DISSATISFACTION OF ZEBARI ANSWERS TO QUESTIONING AND GOING TO HOLD VOTE ON WITHDRAWAL OF CONFIDENCE NEXT WEEK....SIMILAR TO WHAT OBEIDI JUST WENT THROUGH...THE KURD DELEGATION OBJECTED TO THE MEETING AND A FISTFIGHT BETWEEN ATTORNEY HAITHAM JABOURI & KURD DELEGATES BROKE BEFORE THE KURDS WALKED OUT OF THE SESSION...PARLIAMENT SESSION LIFTED UNTIL MONDAY...
8-28-2016 Newshound Guru firefly Vietnam announced on Bloomberg twice now that they are revaluing their currency! Now why would they announce that if their was no plans? I saw it with my own eyes. Kinda shocked me actually that they would make that announcement. I have no idea about the rate just the announcement...remember pre war their currency was valued at 2.22. [when did they announce this... recently?] Pretty much the same time Iraq started talking openly about it. Press Release: Vietnam: 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Vietnam Quote: "A new government took office in 2016 with a commitment to reforms that, if implemented, would place Vietnam in a sound position to achieve its ambitious development goals."
8-27-2016 Newshound Guru rcookie Article: "Zaidi reveals a tendency to withdraw confidence from Zebari and put Abadi list of respondents" Quote: "The House of Representatives may interrogate the finance minister, Hoshyar Zebari, in its meeting..." LOOKS LIKE NOT EXACTLY HAPPY WITH ZEBARI ANSWERS AND VOTE OF WITHDRAWAL OF CONFIDENCE NEXT WEEK...
8-27-2016 Newshound Guru Islandg1211 Why didn't they RV by Mid-Year? That's a good question which no one knows. What we do know is that when the IMF came up with their plan for Iraq last December, they had assumed that Abadi would get his technocrat government and the laws would be passed. Instead, there's been a seven month delay with the GOI. Corruption is a top priority. That's a political battle since everyone is corrupt. But, there is progress. The CBI isn't going to RV until corruption got under control. In addition to getting all seven new Ministers voted in by the GOI, Abadi will next need to get proxy positions properly voted in. That includes the Governor of the CBI position. The First thing a country needs to do after war is RV. Mosul will be liberated in the next few months. The GOI just needs to pass a few more laws and approve a few more positions. The WB and the IMF are ready with loans to help Iraq through their double crises of ISIS and low oil prices. Basra is doing well economically. IMO, this time around when there is peace, Abadi will RV. The IMF historically prefers April to RV, or Fall. [post 2 of 2]
8-27-2016 Newshound Guru Islandg1211 IMO, It was a failed policy to delay the RV last time they had peace and I don't think they will delay again. When will the CBI RV? That question has been asked and answered over the years by both the former CBI Governor and Architect of the Monetary Reform, Dr. Shabibi, and by the proxy Maliki appointed governor Allek. They both said, "when the conditions are right. There needs to be stability and security." Where are we at now with security and stability? Political Stability: After nothing but political conflict the entire 2016, GOI is finally making some progress. They approved five of Abadi's choice of technocrats Ministers...His choice of Interior Minister is being discussed now, and the remaining two positions should go through within the next month. Corruption: Laws: The Amnesty Law was passed yesterday. This goes directly in dealing with corruption. Next week they are working on the Judicial Law. Prosecution: UN has stepped in to help with investigation and prosecution of corruption. [post 1 of 2....stay tuned]
8-27-2016 Intel Guru ADMINBILL WE CONTINUE TO SEE AND HEAR INFORMATION THAT CERTAINLY POINTS TO THE END GOAL AS BEING CLOSE. FOR THOSE OF YOU IN NEED OF THE RV TODAY, TOMORROW, THE NEXT DAY I AM SORRY. I CANNOT MAKE YOU A PROMISE THAT IT WILL HAPPEN. COULD IT HAPPEN SOON? OF COURSE IT COULD BUT I AM NOT A BETTING MAN.
8-27-2016 Newshound Guru firefly IMO Vietnam is hot, hot hot. I read an article last week from there. If you took the word Vietnam out of the article, you would swear it was from Iraq...Using words...or phrases...like "private sector" "IMF", "World Bank". The announced they are Basel 2 compliant a few weeks ago.
8-27-2016 Newshound Guru rcookie Article: "Transportation signed a contract with a French company for the transfer of cement" ... GENERAL TRANSPORT COMPANY SIGNING BIGGEST CONTRACT IN THE COMPANIES HISTORY WITH FRENCH COMPANY LAFARGE ... HMMMMM...IN TODAYS NEWS ALONE...GERMANY...JAPAN WITH TOYOTA...THE FRENCH WITH LAFARGE...KOREA AND US WITH THE NEW 15.5 SQ MILE CITY IN ANBAR...KUWAIT & UAE IN TH NEW KARBALA CITY...THE UK AND IBBC CUED UP IN BASRA AND KURDISTAN... WOW... SURE WOULD BE NICE IF IRAQ COULD GET SOME SIGNS OF CONFIDENCE FROM THE INTERNATIONAL INVESTMENT COMMUNITY... [ : ) ]
8-27-2016 Newshound Guru firefly ...expect a lot of announcements! BIG ones. It has already begun. We are watching the reforms take place before our very eyes.
8-26-2016 Newshound Guru Breitling Getting questions about the 100K and 50K dinar notes…are they going in the wrong direction and will this delay the RV? No it will not. The CBI has said they are going to reduce the note count. They are going to introduce new notes even notes that are worth a tenth of a penny likes yours and mine, the 50K note , the 100K but eventually they are going to introduce the lower notes and these will commingle and both will gain value for about a two year period…and that is what the CBI has said…the 100K notes and the 50K notes is about reducing the note count…This is a not a threat…this is a good thing, a very good thing for us. …Instead of four 25K notes they only need one 100K note. That’s going to help them later on down the road…There is no reason AT ALL to introduce the 50K or 100k note if they are not going to revalue the currency and add value to it.
8-26-2016 Intel Guru Frank26 IMO ...NO country is as advanced or best prepared to do an RI into an RV of their MR... Than Iraq. At this present TIME FRAMED ... The USA/IMF has ONLY one girl at the Prom right now ... Iraq. There are more Prom's ... Coming.
8-26-2016 Newshound Guru rcookie Article: "Start counting the votes to withdraw confidence from the Secretary of Defense, or lack thereof Obeidi in questioning session" Quote: "Parliament has been made to withdraw confidence from the Minister of Defense secret ballot." OBEIDI IS GONE!
8-26-2016 Intel Guru SteveI Article: "Iraq parliament impeaches defence minister" Quote: "Obeidi lost a no confidence vote by 142 votes to 102 in a secret ballot..." Great job boys. Keep the corruption out of government.
8-26-2016 Newshound Guru rcookie Article: "Documentation" general amnesty law passed by the Iraqi parliament today" PUT THIS ONE IN A GOLD FRAME! Article: "Jubouri: Parliament pasts passage of important legislation and wait for Justice and Accountability Act" WOW!!...SCHEDULED FOR TUESDAY 30TH...BUT THEY ARE WORKING ON VERBIAGE OF CONTENTIOUS ARTICLE WITHIN THE LAW...JUST LIKE GEN AMNESTY... THIS IS GOOD! JUST WHAT THE IMF ORDERED...THIS IS GETTING REALLY INTERESTING!
8-26-2016 Newshound Guru Mountainman TIME is RUNNING OUT...The OLD PLAY BOOK will NO LONGER Hold It's TRADITIONAL Weights and Measures So to Speak...and the MARKETS are ACUTELY AWARE to the COMING Changes, they Just haven't Figured Out {ALL} the DETAILS YET...However, like EVERYTHING Else in this WORLD...TIMING Will MANIFEST that Which is HIDDEN and {ALL} Will Come to Light, at The SPEED of LIGHT...Thru TECHNOLOGY and CYBERSPACE via the IEX and CIPS. THE GLOBAL STAMPEDE and The MARKETS will...shall We Say, Have A CHAIN REACTION that Will ENSUE...INDEED IMO.
8-26-2016 Intel Guru Bruce I am excited about where we are to our blessing. We are getting close. The banks are ready. As far as timing, you know as a disclaimer we don’t call it. We can’t pick a date or day. Intel is tight because it is quiet out there. Iraq is up and running, lower denominations out. Last part of the amnesty law suppose to be voted on this morning [Thursday]. The rates are basically good and soundly high. Hopefully we get the go signal soon.
8-26-2016 Intel Guru Frank26 I see Mosul being given to you bit by bit...counterfeiting coming to an end and being dealt with...and all the systems they are putting up and all the agencies that are there...there is a lot of policing going on...and this is what we need…the corruption has got to stop in order for them to give you Mosul...in order for them to give you the MR...and and I see the 2017 budget...they are going to have it in mid-September...I see the CBI working with banks...I see companies that are coming in...I see a lot of things that are very good. ...they are going to come out with a 100,000 note...It is for banking business and they even made it very clear that is what it was for...these higher notes will eventually become a part of the electronic digital system that Iraq is going into... This is their plan...the plan that was derived in December with the IMF and Iraq along with Dr. Shabibi and Abadi...and we basically said at that time the US which is basically the IMF took Iraq by the ear and said...we are going to throw you into the international world in the first half and in the second half it is up to you to raise your value and that is where we are at right now...
8-25-2016 Newshound Guru rcookie Article: "Iraq's parliament approved a general amnesty law and the president wed human people" BOULYAAH! THEY 1ST HAD A VOTE SEPARATELY ON THE CONTENTIOUS ARTICLE 4..AND 8...BROKE FOR A HALF HOUR AFTER MEETINGS WITH BLOCS...THEN CAME BACK TO VOTE ON LAW FULLY...AND...THE VOTE ON OBEIDI'S WITHDRAWAL OF CONFIDENCE BEING DONE IN SECRET BALLOT SESSION....AND THEN HES GOT ZEBARI WAITING TO BE QUESTIONED...
8-25-2016 Newshound Guru rcookie Article: "Iraq: next year's budget deficit of $ 18 billion" Quote: "Financial adviser to Iraqi Prime Minister, on Wednesday, announced the end of the Ministry of Finance of the preparation of the 2017 budget, worth more than 100 trillion Iraqi dinars; about $ 82 billion, depending on the calculation of the price per barrel to $ 35." SO...AGAIN... SALEH STATING OTHER THAN BEING DEEMED A TRANSITION FROM "WAR ECONOMY TO PEACE ECONOMY"...2017 BUDGET SAME AS 2016 BUDGET...AROUND 100 TRILLION IQD ($82 BILLION)...OIL CALCULATED AT $35 @ 3.6 MBPD...WITH DEFICIT OF 24 TRILLION IQD ($18 BILLION) AND DELIVERED TO PARLIAMENT BY SEPT 10TH...
8-25-2016 Intel/Newshound Guru Mnt Goat Iraq is on the right path and I could hardly believe my eyes when I finally heard the news of the passing of the Amnesty law. Yes – this law did finally pass in parliament today 8/25. This law is going to make a HUGE, HUGE difference in Iraq. So next we need to see the Accountability and Justice law, combined along with the Amnesty law these two laws work together to bring the needed justice to Iraq. Also with the new technocratic minister of energy just appointed, he has told us already there is no need for any delay in getting an energy law (HCL) for Iraq as it is now written and only needs to be presented to parliament for a vote. So we should watch for this law too in the coming days...We are now in the third phase of Abadi’s reform plan and many amazing changes have since happened in Iraq. This all moves Iraq to working in an international platform, the only way they will EVER revalue their currency. ...your investment in the Iraqi dinar is real and will soon be exchanged at a higher rate (at a substantial higher rate). Yes – Iraq has postponed the RV many times already and this is real!
8-25-2016 Newshound Guru Stryker I am heartbroken to announce that we have lost yet another dinar member and one of the leaders in the facts concerning the Iraqi dinar, BondLady has passed away unexpectedly. We have lost one of our most respected leaders in the research of real facts in our journey. It was unfortunate that Bondlady and I had a falling out but I never lost my respect in the fact that she was dedicated in trying to uncover the facts for her members. May she watch the rest of the Iraq dinar future from the heavens and help our Lord lead others as one of his angels as she did here on earth. RIP dear angel we will all miss you...
8-25-2016 Intel Guru ADMINBILL THE NEWS REPORTS FROM MY SOURCES CONTINUE TO BE VERY PROMISING. WILL WE SEE CHANGE? THAT IS ALREADY HAPPENING. IN ALL LIKELIHOOD THE PROGRESS AND MOMENTUM WE HAVE BEEN SEEING, INCLUDING THE ANNOUNCEMENTS COMING FROM VARIOUS COUNTRIES, WILL CONTINUE TO BE PRESSED FORWARD UNTIL ALL IS IN PLACE. IMO THOSE ANNOUNCEMENTS ARE THE WINDOW DRESSINGS NEEDED TO APPLY THE FINAL EVENT WITHOUT FANFARE BUT WITH SITUATIONAL REMEDIES (DOMESTICALLY AND INTERNATIONALLY) THAT WILL PROVIDE RATIONAL COVER STORIES FOR THE SUDDEN BALANCING OF THE BOOKS AROUND THE WORLD...BUT THAT'S JUST MY OPINION... LOOK AND ANNOUNCEMENTS IN IRAQ AND ACTION WITH THE IMF AND G20 AS WE MOVE FORWARD TO PROVIDE THOSE ABOVE MENTIONED STORIES.
8-25-2016 Newshound/Intel Guru BGG [are you in agreement with some that nov dec they should be done to move currency reform if things keep going forward?] In my humble opinion - and that is all this next bit is...it could easily be a before that - or a bit after...but this next time period we are in is - "green on go" time...for whatever reason there is a real consensus to get things done - very exciting times. [what does next time period mean or when I should say?] if progress keeps on like it is... from now until about mid-Feb is a very intersting time - since you are asking me..
8-25-2016 Newshound Guru rcookie [I know when they revalue the price of a dinar is a dinar but the value rises, what will that do on buying power to the budget when this happens?] THE BUDGET HAS AN OPERATIONAL SIDE AND INVESTMENT/ DEVELOPMENT SIDE WHOSE PURCHASING POWER WILL INCREASE WITH VALUE CHANGE...MORE IMPORTANTLY IS (PPP) PURCHASING POWER PARITY RELATIVE TO EXCHANGE RATES BETWEEN COUNTRIES IN TRADE RELATIVE TO THE PURCHASING POWER OF EACH COUNTRY'S CURRENCY....THIS IS WHY...YOU HEAR AN ECONOMIST TALK ABOUT THEIR CURRENCY VALUE NEEDING TO BE ON PAR OR ABOVE THEIR BORDER PARTNERS AND INTERNATIONAL TRADE PARTNERS...
8-25-2016 Newshound Guru Aggiedad77 ...we all have heard of the potential for good during the month of September...here's something that has begun to stick with me not only with today's articles...but for the past week or two...We are seeing more and more interaction of the alphabet soup with Iraq...from the IMF, the WB, the WTO, the UN, and various and sundry UN committees...they are all so centered...so interested in Iraq right now...like a ringmaster getting ready for the REALLY BIG SHOW...And this doesn't even touch on the companies and countries that are headed blindly into that intersection...that intersection of Iraq...September will be more exciting than going to a three-ring circus and trying to keep your eyes focused on everything all at one time so you don't miss anything... simultaneous action...get there early to assure you get a good seat...just don't sit behind that fat lady in the fat hat.
8-25-2016 Newshound Guru Adam Montana [I don't ever recall you giving a month before for a possible RV and you seemed fairly confident about it...do you still feel strongly about your stand?] YES, I feel very strong about the current outlook! [They say that Iraq has taken so long to RV because they lack the will to follow through with this undertaking...could it be with all of the Dinar that people outside Iraq hold that they (Iraq) can not afford to cover a high RV rate.] ...I disagree that Iraq "lacks the will" to increase the value of the dinar. Iraq is recovering from a major upheaval of their entire country. To expect them to recover "overnight" was foolish - they had a long road to travel in rebuilding their entire world. They have come a LONG way. I am still confident that they will return themselves to a higher position, at whatever expense or effort is necessary.
8-25-2016 Intel/Newshound Guru Backdoc I WANTED TO TAKE JUST A MOMENT TO DISCUSS THE CURRENT TIMELINE THAT IS BECOMING APPARENT. BY NOW WE ARE ALL KEENLY AWARE OF THE DIGITAL IEX PLATFORM THAT STARTED TESTING FROM AUGUST 19TH THROUGH SEPTEMBER 2ND...IF YOU PULL UP YOUR CALENDAR...YOU WILL NOTICE THAT SEPTEMBER 3RD LANDS ON THE WEEKEND THEREFORE THE IEX WON'T BE TRADING. WE THEN ENTER A HOLIDAY WEEKEND WITH LABOR DAY. THE FIRST POSSIBILITY OF A FULL VIEW OF THE IEX IN ACTION WILL BE TUESDAY SEPTEMBER 6TH! SEPT. LEADING INTO THE NEW FISCAL YEAR LOOKS TO BE FULL OF ACTIVITIES! YES, THIS IS GETTING VERY INTERESTING!
8-24-2016 Intel Guru Bluwolf Since January of 1991 (Operation Desert Storm) and its outcome on Kuwait...And then watching how some of my town folks in Puerto Rico who were in fact in that war and its revaluation got very rich with the Kuwait dinar ( something that was bought at .05 to .10 cents, and when things stabilized and the National Bank of Kuwait open its doors again, people just got rich at a reinstall rate of 3.64. And then years later during the 42 President it MANAGED to revalue at a very high price. I remember speaking to a gentleman involved and he said, "You wanted to know what I gain with the Kuwaiti dinar, but if you are smart don't focus on this, focus on what I will gain with the Iraqi part of the war for they are next." Well I focused since that day on keeping an eye open to when this new currency was to arise. And I have been at this since then and guess what the currency did arise, first exotic and now as a tradable currency pending going international...I want all to know that God ...willing we are just but an instance away in receiving this blessing...
8-24-2016 Intel/Newshound Guru Backdoc WHEN I SHARED WITH YOU MONTHS AGO THAT IRAQ WOULD BE DIGITAL WITH THEIR CURRENCY YOU ARE NOW STARTING TO GET WHAT I MEANT. WELL, SEPT. 2ND WILL BE A DEFINING MOMENT IN THE GAME SINCE THE IEX PLATFORM LAUNCHES. IF WE SEE NO EVIDENCE OF A STARTING POINT THEN WE WAIT FOR IT TO SHOW UP SOON AFTER. WITH IRAQ AND THE U.S. NOW ON THE SAME FISCAL YEAR OF OCTOBER 1ST WE HAVE VERY HIGH HOPES...THE EVIDENCE IS MOUNTING AT WARP SPEED AND OUR DESTINATION IS AT HAND.
8-24-2016 Newshound Guru rcookie Article: "Urgent .. Zebari announce attend the questioning of parliament and indicates "personally targeted." ZEBARI QUESTIONING IN PARLIAMENT WAS SCHEDULED FOR 25TH...THATS TOMORROW. [...is amnesty vote Tuesday or tomorrow?] AMNESTY TOMORROW.
8-24-2016 Newshound Guru Adam Montana [...do you think Iraq CBI will pull the trigger in 2016 for RV? ] 2016 - I certainly hope so! I am feeling very positive about the coming months, but of course I don't have a crystal ball.
8-24-2016 Intel Guru Delta URGENT FROM IRAQI TV: CBI WILL ISSUE 100,000 DINARS, ALSO CBI PROMISED TO ISSUE SMALL METAL CATEGORIES.
8-24-2016 Newshound Guru Adam Montana Things are starting to warm up (as summer cools down, ironically enough). I'm going to let the news speak for me today. Check these out! 1. BIG movement in the oil sector - this could be the start of what we need to see for the HCL: Article: "Abadi replaces the North Oil director with the start of pumping Kirkuk oil to the Turkish port of Ceyhan" 2. Could they possibly have the budget submitted on time for once? It's possible, thanks to the progress made in the GOI over the last couple years! This is evidence that Iraq has made and is making significant progress. GO RV! Article: "Abadi: submit budget bill to Parliament before September 10" 3. A call for floating interest rates could be a signal that intelligent PTB's want to keep their options open, very likely for a situation that will be highly volatile and open doors for massive profits... but not if they were tied down. I like it. Article: "Bankers Call for Floating Interest Rates" Obviously those are some REALLY nice things to be seeing... so with that said, we wait.
8-24-2016 Newshound Guru Enorrste This is the plan. It has been laid out clearly and logically for well over a year. We should expect that its implementation (the 50k came out 6 month ago) will continue until the CBI is ready to float the currency in early 2017 or slightly before. Once that happens the value of the dinar will rise and eventually the 200, 100 and 50 dinar notes will be circulated. By that time the 50k and 100k notes will have become history. [post 3 of 3]
8-24-2016 Newshound Guru Enorrste Once the ball starts rolling and these 25k notes get pulled out then the value of the dinar can be allowed to rise (float). Until they get those notes out of circulation, however, the value cannot rise and won't. If it did then all of the hoarders would become millionaires, which isn't going to happen. So it is a process, and the introduction of the large notes is a part of the process to entice the people to give up their 25k notes. The reduction in paper by 2 to 4 times (each 50k removes 2 25k notes and each 100k removes 4 25k notes) will enable the CBI to then reduce the money supply by allowing the VALUE of money to rise. As it does rise the 100k note will become too valuable to hold in a mattress and people will put them in banks if for no other reason than for safety and security. Once there they will move to the CBI which will destroy them. [post 2 of 3....stay tuned]
8-24-2016 Newshound Guru Enorrste Article: "Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market" The reason there is low liquidity in the markets in Iraq is because instead of using their dinars many people are holding them in their mattresses. Thus the CBI has been forced to raise the money supply, not because it wants to but because the economy would collapse otherwise. The introduction of the 50k and 100k notes is directed to solving this liquidity problem, not by just injecting new cash into the market...so that they can draw out the 25k notes from people's mattresses. There is also a stated goal to have bills roughly equivalent to our $50 and $100 notes. If they are successful these new bills will draw out the 25k notes which will be destroyed... The result will be a reduction in the money supply back to 40 trillion dinars as the article states. This plan of introducing the larger notes has a goal of stopping the rise in the money supply...It is necessary because the people are not yet confident in using banks. [post 1 of 3....stay tuned]
8-24-2016 Intel Guru Bruce We certainly are ready for the possibility of this rolling out...We are at the point and I know we have said we are done. A four letter d word sometimes we really not wish to use. I think where we are right now the expression applies. WE know for example in Iraq maybe one other portion of the amnesty law that needs to be passed. I think it be done by Thursday. But it shouldn’t preclude this to go. We know they have operated the last several days under the amnesty law and the other law they just passed not too long ago. We are thinking that is in place and moving quickly, not slow us down. Confirmation Saturday Iraq lower denominations are out and in use in Iraq...the notes printed a long time ago, denominations below the 50 dinar note, 20, 10, 5 even coins. So if those are out, that is a very good sign everything is basically done in respect of Iraq. We are looking at 5 currencies in the first basket. Iraqi dinar, Dong, Zim, Rupiah, Afghani and 3 other baskets coming down the road. We are in good position to do exchange for those.
8-23-2016 Newshound Guru Aggiedad77 Article: "Abadi: 2017 budget has reached its final stages" ...if they are indeed handing this over to Parliament... this is warp speed on steroids...the people deserve what is in this budget I believe...IMO.
8-23-2016 Intel Guru ADMINBILL (8:46PM MDT Monday Night) THE NEWS TONIGHT IS VERY ENCOURAGING. PREPARE YOURSELF AND YOUR FAMILY FOR A PROFOUND CHANGE.
8-23-2016 Intel/Newshound Guru Backdoc Article: "Iran to do away with two-tier exchange rate" TODAYS' EARLIER ARTICLE IMPLIES THAT SOMETHING MAY HAPPEN AS EARLY AS SUNDAY TO ALLOW THEIR CREDIT CARDS TO WORK....WE WILL SEE. CERTAINLY THIS IS ENCOURAGING FOR SURE AND IT MEANS ITS SHIA BROTHER [IRAQ] WILL NEED TO DO THE SAME SINCE THAT WAS PART OF "THE DEAL"! WHAT HAPPENS IN REALITY APPEARS CLOSE NONETHELESS! THIS IS VERY ENCOURAGING...! MAYBE THE AMNESTY LAW IN IRAQ MAY FINALLY GET DONE SOON!
8-23-2016 Newshound Guru Enorrste Money supply is increased or decreased through monetary actions of the CBI (changing reserve requirements, interest rates, etc.). The bills themselves do not raise the money supply. They are only carriers of the money supply. The quote above clearly states that the introduction of the large notes "is not added cash." What could be more clear than this statement? Simply put, you can't just "add cash" in any case: someone has to buy the large notes with smaller notes. It is at worst an even exchange. At best however, as the quote above clearly states, the smaller notes brought in through the even exchange are "withdrawn" by the CBI, thus either maintaining or LOWERING the money supply rather than increasing it. This is simple economics: the money supply doesn't change by printing notes! It changes by CBI actions in the monetary markets. The money itself is only a "carrier", not a vehicle of change upward in the supply. In fact, as the CBI burns old notes the money itself can ONLY reduce the money supply, and NEVER increase it. No one just prints notes and hands them out for free! [post 2 of 2]
8-23-2016 Newshound Guru Enorrste Article: "Central bank: Print category 100 000 dinars, and we are waiting for official approval lowered into the market" Kap's [Guru Kaperoni] quote of the following makes this perfectly clear: "The new offering is a partial solution to the problem of the Iraqi currency after the CBI dismissed an earlier decision to delete the three zeroes from the local currency and opted to balance the exchange rate of the dinar against foreign currencies in a basket. He states that the new category is not added cash, but rather will facilitate with withdrawal of less value categories and equivalent the size of the presented bank notes. The amount of the currency raised will be nearly 40 trillion dinars which will be at same time put small categories in process and prevent inflation." One doesn't just print 100000 dinar notes and then start passing them out to people. The notes are brought into circulation ONLY in exchange for other notes. There is no other way to introduce them, quite frankly. The increase of money supply has nothing to do with the notes themselves. [post 1 of 2....stay tuned]
8-23-2016 Newshound/Intel Guru BGG Article: "Urgent Parliament postpones vote on the amnesty law to Thursday ‘s meeting" [So they did not vote on anything?] Relax... not the end of the world - no one ever said "if they vote on Tuesday - we'll have an RV...They are moving toward that at a fairly rapid pace... no need to be discouraged.
8-23-2016 Newshound Guru rcookie Article: "Urgent Parliament postpones vote on the amnesty law to Thursday ‘s meeting" LOOKS LIKE AMNESTY VOTE PUSHED OFF THURSDAY 25TH...AFTER SHARP ALTERCATION BETWEEN RULE OF LAW AND CITIZEN BLOC OVER WITHDRAWAL OF CONFIDENCE FROM OBEIDI... SO...THE EVENTS IN PARLIAMENT TODAY...THERE WAS A PROPOSAL TO DELAY THE VOTE ON WITHDRAWAL OF CONFIDENCE FOR OBEIDI TODAY...WHICH THE HOUSE VOTED DOWN...AND AS A RESULT THOSE BLOCS WALKED OUT AND CREATED A LACK OF QUORUM NEEDED FOR THE VOTE ON THE OTHER LAWS THAT WERE CUED UP...
8-23-2016 Newshound Guru Kaperoni Article: "National Coalition calls for reforms in the Central Bank " Quote: "He stressed that the so-called auction currency is "non-existent in countries that rely economy" Allawi is right, that these auctions don't exist in countries with a market economy. That is because these other countries are not stuck in Article XIV trying to prove to the IMF they are ready for Article VIII. That is why Article XIV is called "transitional" as they are suppose to be working diligently on any and all restrictions that may exist so they can move to Article VIII. Allawi indirectly is trying to push the banking system forward with his comments asking for the auctions to end. The CBI has no choice, either get in compliance and succeed in opening the banking system or status quo which is depleting the reserves and keeping investors from coming Iraq. Changes must come soon.
8-23-2017 Newshound Guru Breitling I want to throw this out about the note count…these guys who are anti dinar and anti Vietnamese currency…on the Vietnamese currency they CORRECTLY said there’s too much currency in circulation. That’s true…that’s the whole point. That’s why we have to watch for them to reduce the note count. Now with the Iraqi Dinar it’s completely opposite. They are INCORRECT on reading the DM1 and DM2 interim report. They need to get out [of dinar] if they think there is that much currency out there…It just happens to be equivalent to the country’s reserves?…There is simply NO reason to reduce the note count if they’re gonna pretend that they’re going to take the zeros off it. …There’s no reason to reduce the note count if they’re NOT going to add value to it. Why would you do that? So that’s the game. If you see any country at all that mention or give out any information that says they’re reducing the note count…I’ll go buy the currency. doesn’t matter who it is…if they are reducing the note count go buy the currency cause you’re going to make money.
8-23-2016 Newshound Guru rcookie [are they voting on amnesty law tue 23 aug?] YES...AND THE DEBAATHIFICATION LAW AND A PLETHORA OF OTHERS ACCORDING TO THEIR AGENDA...
8-23-2016 Newshound Guru mike Article: "National Coalition calls for reforms in the Central Bank" Quote: "Talib national coalition led by Iyad Allawi, the need to reform the central bank's policy in the auction currency management and the dollar exchange rate in the market, expressing concern about the bank's insistence to continue this policy." Allawi's right, the auction's are riddled with corruption. Wouldn't it be something if the legislators in Iraq (that's you, Allawi) charged, prosecuted and imprisoned those who are stealing from the auctions? The IMF has already advised them to stay on the peg, without the legislation (think Allawi and the rest of the GOI) Iraq can't move to the open market economy and get rid of the auctions.
8-22-2016 Newshound Guru Kaperoni Article: "Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market" the CBI has stated on at least a few occasions the intent of the 50k and 100k. We may not agree with it, but I don't think we should argue with that explanation...the purpose is to create demand for the dinar and raise nearly 40 trillion dinars. The 50k note which has been out for 6 months or more has not increased the money supply...compared to this time last year. In other words, the CBI is doing what it said they would be doing (2-25k=1-50k). ...I do not think this is bad news at all. In fact, this decision was made over a year ago and stated it was a step towards currency reform. So, in fact, if it is a step, we are progressing towards our goal. Don't lose site that currency reform means raising the value and removing the larger notes. This is a must for what Iraq needs to do moving forward.
8-22-2016 Intel Guru ADMINBILL IS THERE A LIGHT AT THE END OF THE TUNNEL FINALLY BREAKING THROUGH? I AM HOPEFUL WE WILL SEE MOVEMENT TODAY THAT WILL PROVIDE US WITH INFORMATION FROM OUR TRUSTED INFORMATION SOURCES. THE PAST WEEK HAS BEEN VOID OF SOLID INFORMATION. I AM REALISTIC ENOUGH TO KNOW THAT MAY NOT MEAN ANYTHING BUT DINARIAN ENOUGH TO HOPE THAT IT DOES BODE WELL FOR THIS MONTH OR THE FIRST PART OF SEPTEMBER.
8-22-2016 Intel/Newshound Guru Backdoc TOO MANY POSITIVE THINGS OCCURRING. I WISH I COULD SHARE CERTAIN THINGS BUT THEY ARE TOO SENSITIVE! ...WHEN THINGS ARE THE WORST THEY ARE THE BEST! REMEMBER MY STUDY WINDOW, SEPT. 2ND TO MID OCTOBER! VALUE IS LIKE WATER, IT WILL SEEK ITS LEVEL! THE RAIN IS ABOUT TO COME!
8-22-2016 Newshound Guru rcookie THEY TASKED THEMSELVES AT BEGINNING OF 2015 ...TO OVER THE COMING 24 MONTHS TO REDUCE THE AUCTIONS BY 75%...FROM JAN 1ST 2015 TO DEC 2015 THEY REDUCED BY 25%...FROM JAN 2016 TO JULY 2016 THEY REDUCED BY 24.9%...SO THEY HAVE ANOTHER 5 MONTHS AND ARE ON GOAL TO REACH THEIR 75% REDUCTION OVER 24 MONTHS...
8-22-2016 Newshound Guru Breitling …again to do that [add value to the Dong] the same exact scenario that any country would have to do if they want to add value to their currency…they’re going to have to reduce the note count…so there’s no difference between Vietnam, Iraq, United States, Russia…People are predicting that China is going to start sooner or later adding value to their currency…what’s that going to do is open up the door for Vietnam to add value because they can add value and compete against China at the same time….that’s where it’s coming from and again, you know the numbers are coming from the Vietnamese government…that hasn’t changed…what they need to compete on a global scale and to be able to have cheap labor and all that stuff they want to raise the value to about 2 or 3 cents…that’s it…that’s all they need. In fact if they raise it any higher than that it might ruin the formula that they have to compete in the region so they’re not going to go too high. [Post 2 of 2]
8-22-2016 Newshound/Intel Guru BGG [Tuesday looks like parliamentarian issues are over. Where do we turn our eyes to = next?] Not exactly - but moving more and more that direction... [Amnesty and J&A?] I just don't agree fully with the "all good - all done" mentality... getting MUCH closer - to be sure...AND it's not impossible these last few Parliament issues are on a separate track altogether...as in parallel and not interfering with one another... once the IMF and UN has whatever it is they are requiring (and there is something there) they make the next move (we are looking for) toward economic reform...BTW - currency reform is just one more step in the development of Iraq into a global trade partner they are looking for...which they very much appear to be on a fast-track towards.
8-22-2016 Newshound Guru Kaperoni Article: "Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market" Well, a 100,000 dinar note is going in the wrong direction in regards to opening the banking system for international commerce, freedom of movement of capital, achieving IMF Article VIII etc. and perpetuate a market economy. I believe this was discussed at the time of the release of the 50k and the CBI stated their was no need for the 100k. That being said, if the notes are issued and are meant to reduce the physical notes (4-25k for 1-100k), then it may help draw the dinar out from under the mattresses. This all seems a bit late, since time is not on their side for such a plan anymore. They need to open the banking system, reform the currency and value, and invite international investment and investors to Iraq now. Such a move IMO is risky and unnecessary at this time and would cause further delays.
8-22-2017 Newshound Guru Breitling …it’s not a prediction it’s what we are talking about in Vietnam itself…you know I would never just throw a number out there unless it’s something that the government has talked about or they proposed and they’ve always proposed they wanted to get it [dong] up to two cents…remember they are competing against China and geopolitics…that’s what creates the pace. At the time when Vietnam talked about that they actually wanted to add a little value to the currency, well because of other politics that were going on in the region, China decided to start devaluing it’s currency and so it forced Vietnam to shelf adding value to the currency. Well that’s off the table now…it’s not a prediction it’s what Vietnam wants…[Post 1 of 2 Stay tuned for the rest of the Dong story]
8-22-2016 Intel Guru ADMINBILL I'm awaiting some specific confirmations at this time. Until those confirmations arrive, I remain grounded and optimistic for a positive accomplishment report regarding specific events. That is yet to come. We're not quite there yet. I AM HOPING FOR GOOD NEWS BEFORE MONTH'S END.
8-22-2016 Newshound/Intel Guru BGG [In you opinion could this literally happen any at time as in today...or are there more benchmarks to look for such as lower denoms or critical dates?] here's my take...with the recent WB/IMF/UN oversight in Iraq - things are changing rapidly - security, political, economic - these things Maliki should have been working on 8 years ago - they are getting done NOW - at "warp speed"...today - tomorrow? I doubt it...soon? [ill take soon.] Not impossible - but the next however long looks VERY, VERY promising...
8-22-2016 Guest Guru EHankins THIS PAST WEEK AND TODAYS ARTICLES ARE A CLEAR AND PRECISE INDICATION OF ALL THE INFRASTRUCTURE GROWING AND EVEN BOOMING. AND COMMERCE AND TRADING ARTICLES SHOWING PICTURES OF HUGE SEMI-TRUCKS BACKED UP FOR FOR MILES WANTING TO UNLOAD ENDLESS SUPPLIES AND GOODS COMING ACROSS THE BORDER. THE BUILDINGS BEING BUILT LIKE AIRPORTS OPENING IN SEPTEMBER, APARTMENT COMPLEXES, SHOPPING MALLS AND OF COURSE HOMES BY THE THOUSANDS. IRAQ'S NEW GROWTH IN THEIR COMMUNITIES AND CITIES ARE BREATH TAKING AND STUNNING, TO SAY THE LEAST. IMO THIS IS WHAT WE WERE TOLD TWO WEEKS AGO TO PAY ATTENTION TO. IN FACT...THAT WE WOULD SEE IRAQ GROW ON STEROIDS IN THE NEAR FUTURE AND, HERE IT IS RIGHT BEFORE OUR EYES...BOOM!
8-22-2016 Newshound/Intel Guru BGG [It seems like so many things like Mosul , corruption , parliament , etc. are coming together ... many have said things.will happen all at once ... do you see this as a coincidence?] I do not see those items as coincidence... THESE ITEMS ARE THE STORY. IMHO. Not getting into date and rate here - I'm just saying - the progress is stunning AND... it surely leads to the step we are all interested in...the point of currency reform the includes a change in the value of the IQD...However, I make this point again...currency reform - value change...what we are after...is just one of the steps they will likely take in the whole process of economic reform and full reintegration with the world's financial systems...this whole process is playing out PLAINLY - before our VERY EYES...Things are VERY, VERY exciting lately.
8-21-2016 Intel Guru SteveI I think things are extremely positive...Now we watch Mosul return to being free followed by controlling the borders, then watch Iraq explode economically and globally. Sit back and let it come to you, and it surely will when they are ready. I think they are ready or almost ready. Remember, if I thought there was even a slight chance of this not happening I would simply...move on. Good times ahead!
8-21-2016 Newshound Guru mike Article: "Front reform: we will vote unanimously to dismiss Defense Minister Khaled al-Obeidi" Quote: "MP for the Reform Front, Mohammed Chihod, on Friday, that the Front will vote on the dismissal of Defense Minister Khaled al-Obeidi, a unanimous vote after no conviction Bojobth." For sure, there are two groups vying for control of Iraq right now, those who want to maintain the status quo and the other wants change. So far we're at a stalemate, especially now that Tariq Harb is saying Mahmood can't be forced out, but hopefully the good guys come out on top. The judiciary is going to be even more important pretty soon, the investigative teams and UN can find all the evidence against the corrupt but in the end, Iraq needs a functioning judiciary to charge, prosecute and imprison those who are guilty. Right now, with Mahmood in, they don't have that. IMO.
8-21-2016 Newshound Guru tlm724 Article: "we seek to secure financial alternatives for the sustainability of the services" yep...we don't want Iraq to get even a lil bit comfortable with oil prices inching up. They need a permanent contingency plan for now and the future to be able to generate income away from oil!
8-21-2016 Newshound Guru rcookie Article: "Iraq: 21 international investigators to examine the prime ministers of corruption files" Quote: "...the 21 international investigators will arrive in Baghdad at the end of this month to start an investigation into financial corruption files, based on a memorandum of understanding signed by the Iraqi government with the United Nations last week..." SO...ANYONE IN NEED OF ANSWERING THE SOMETIMES RHETORICAL QUESTION AS TO WHY MALIKI AND SOME OF THE WHALES RESPONSIBLE FOR SO MUCH THEFT...CORRUPTION AND DAMAGE TO IRAQ & ITS PEOPLE ARE STILL WALKING AROUND AND NOT YET BROUGHT TO JUSTICE....HERE IS YOUR ANSWER...JUSTICE SOON AWAITS...THE CHARGES AWAITING MALIKI ALONE ARE OVER 4 PAGES LONG... THIS IS HUGE...HUGE...ABADI IS A GENIUS...
8-21-2016 Intel Guru ADMINBILL HOPEFULLY THIS WEEK (STARTING TODAY) WILL BE AN INTERESTING TIME IN HISTORY. WITH THE FINANCIAL WORLD IN TURMOIL SOMETHING HAS TO GIVE SOON IMO. NOT THAT MANY DAYS LEFT IN AUGUST WITH A NEW FISCAL YEAR FAST APPROACHING...
8-21-2016 Newshound Guru rcookie [...I would think to pay foreign contractors their would need to be some sort of rate established.] THERE DOES...AND MORE IMPORTANTLY WHY THE IMF TASKED THEM TO OVERHAUL THEIR CREDIT REGISTRY AND RISK ASSESSMENT PROCESSES...NEED TO BE READY FOR THE INVESTMENT WHALES.
8-21-2016 Newshound Guru Kaperoni Article quote: "...the US panel competent to combat financial intelligence department personnel discovered 300 banking company and money transfer and 6 suspicious Iraqi banks operate offense laundering financial aid, noting that the committee has reached Baghdad..." IMO, time is of the essence to activate the banking system. That being said, this committee is there to clean up the mess so reforms can proceed.
8-21-2016 Newshound Guru Aggiedad77 Article: "Economic parliamentary: the decision to adopt $ 35 for a barrel of oil in the budget of 2016 is a given right" Quote: "...the government consulted with the International Monetary Fund and made a decision to reduce the price of oil per barrel in the 2016 budget from 45 to $ 35 for control of the state requirements, as the 2016 budget of 105 trillion dinars reduced to 90 trillion dinars to control the deficit." What I find encouraging about this article is the fact that they are seeking consultation from the IMF with what to do regarding their budget...lean on the knowledge of others who run far bigger entities in the world.
8-20-2016 Newshound Guru rcookie Article: "Parliament went to resolve points of contention in the Justice and Accountability Law Tuesday" A & J LAW VOTE ON TUESDAY [&] THE GENERAL AMNESTY LAW...LOOKS LIKE BOTH WILL BE VOTED ON TUESDAY THE 23RD..THE 2 BIGGEST LAWS OF NATIONAL UNITY & RECONCILIATION... 2 FOR THE PRICE OF 1 AND THEY ARE HUGE...VERY IMPORTANT.
8-20-2016 Newshound Guru rcookie ...IRAQ IS GOING TO HAVE AN INVESTMENT SERVICES COMPLEX TO ACCESS AND UNDERSTAND THE SERVICES OFFERED TO INVESTORS INCLUDING INTEGRATED SERVICES ACCESS TO GOV'T AGENCIES IN ONE PLACE...1 STOP SHOPPING AND INVESTOR SERVICES ACCESS!...THAT IS AWESOME!!
8-20-2016 Newshound Guru firefly Article quote: "He predicted the financial advisor to the Prime Minister that "the budget deficit in 2017 up to about $ 18 billion," stressing that "the budget was drawn according to what has been agreed upon with the International Monetary Fund." Now this is Saleh talking! Abadi's Financial advisor. This is worth repeating: "the budget was drawn according to what has been agreed upon with the International Monetary Fund." Remember, the IMF's role is preparations for countries through Article IV meetings. ...we are watching the play in the front row seats!
8-20-2016 Intel/Newshound Guru tman23 IMO...Ernest and Young are to be close to finishing setting up the 2 state banks near End of October... October is when the WB and IMF funds are scheduled to be released to Iraq... October is when we will see the liberation of Mosul... Basically...The CBI will have 60 days to the first of the year to introduce and educate citizens on the lower denoms... WE should begin to hear tons of chatter on the subject mid to late September.
8-20-2016 Newshound Guru rcookie ...THE REAL TELLING NUMBER IN THE RELEASED 2017 BUDGET DATA...FOR THE FIRST TIME THEIR GDP IS UNDER 90% OIL RELIANT REVENUES...THAT MEANS THEIR NON OIL REVENUE STREAMS LIKE CUSTOMS TARIFFS...ELECTRICITY & TELECOMMUNICATION TAXES...NATURAL GAS...LNG AND CONDENSATE AND OTHER EXPORT PRODUCTS ARE MAKING IRAQ LESS OIL RELIANT THAN THEY HAVE EVER BEEN...AND THE DIRECTION THE 3 LETTER AGENCIES WANT TO SEE THEM GO...
8-20-2016 Newshound/Intel Guru BGG [lots of news...just cant believe how much has been going on in Iraq!] I can't believe it either. In fact, one has to wonder when that "tipping point" is...when so much is done, so much is accomplished, their economy is in such a state the "grossly undervalued" price of the Dinar is doing them considerable economic harm...there was a time the currency imbalance worked for them - however, I think they are nearing this place where they would like it to be "upped"...The flip side of Iraq wanting their currency "upped" - is they aren't the ones with the ultimate say...which brings us back to the IMF/UN being in such critical advisory roles. Iraq's GOI has BEEN ON FIRE to get their democracy righted since January... what changed? IMF/UN oversight... there has to be some carrot...
8-20-2016 Intel Guru ADMINBILL ANOTHER WEEKEND IS UPON US IN DINARVILLE. SEVERAL SAYING THIS COULD BE THE WEEKEND WHILE OTHERS SAY IT WON'T HAPPEN UNTIL OCTOBER. THE POINT IS WE JUST DO NOT KNOW THE DATE OR RATE AND WON'T UNTIL THE DEED IS DONE. I SAW AN ARTICLE...CLAIMING THERE ARE NO EXCHANGE CENTERS. NOT SURE IF THAT IS TRUE BUT BASED UPON ALL THAT I HAVE HEARD THERE ARE EXCHANGE CENTERS. ARE THERE 7,000? WHO KNOWS. MOST OF THOSE KIND OF QUESTIONS WILL NOT BE ANSWERED UNTIL THE RV HAS FINALLY PUSHED ITSELF TO COMPLETION.
8-19-2016 Newshound Guru Bondlady Article: "Iraqi legislature overlooked the seriousness of Article 140 of the Constitution" barzani is forcing article 140 to be settled...this will eventually (in the near future) divide Iraq. back in the day and now as well, I always believed that for us to see our rv or return of our investment, we needed to see art 140, hcl, power to the provinces, making there own contracts and money without bagdad interfering...ch 7, the terrorist law, (amnesty law) etc..most of these things are now being done laws are being passed to insure these things...getting rid of dash is the beginning of art 140 being resolved cause barzani is forcing the issue with the backing of the pershmerga army...they are leaving kurd army in place to protect it so dash or bagdad wont have to...plus I don't think there gonna give up the land, they believe saddam stole from them. its getting a lot worse before it gets better, and is happening very quickly, were about to see all the things weve waited for all these years to come about...all imo.
8-19-2016 Intel Guru Frank26 the Financial Committee met two days ago with the CBI...It is important...that you understand that this meeting...IOO was...the very first time...the Finance Committee actually met with the CBI...and they talked about the IQD...their currency...their currency’s true rate...and about the exchange rate about their currency... Abadi said the new budget is going to reflect the lifting of the 000’s from our exchange rate. ...so...are you guys done? ...CBI...we’ve been ready for a long time...we’ve been waiting for security...we’ve been waiting for terrorism to go away...we’ve been waiting for corruption to go away within us and the GOI...I think we are ready...Dr. Shabibi said that the next budget will reflect the new numbers of these meetings....I don’t know what the rate will be...I don’t even know when they are going to do this...but I do know that these are the things they are saying to us. [post 3 of 3]
8-19-2016 Intel Guru Frank26 Abadi has removed many corrupt ministers... with the help of these agencies...and in fact just recently he replaced five of them and there are more to come...some of them are called technocrats...wiser... smarter people...more honest people that actually want to do something for...Iraq. Allak has been holding the proxy position as the governor of the Central Bank of Iraq...and...Abadi and Dr. Shabibi IMO...were busy selecting the governor of the CBI...besides the ministers...the proxy governor of the CBI is about to be replaced...IMO Allak’s replacement is already on the plane. [post 2 of 3....stay tuned]
8-19-2016 Intel Guru Frank26 Mosul is what we look at right now...through the eyes of the United Nations, the WTO, and the United States of America...The IMF suggested to the country of Iraq that you should float your currency...and that you should enter the international world in the first half of the year and we will take you there in 2016...and that you should remove corruption from the CBI and the GOI…and the UN and the coalition forces will help you remove the corruption of ISIS and DAASH in your country. As we sit on top of a very big mountain right now and look down upon the scenery below us...we see these things accomplished...and as we get closer and closer we are seeing that many things are accomplished. [post 1 of 3....stay tuned]
8-19-2016 Intel Guru Jester ...THERE IS NO RESET SWITCH... I HAVE ALWAYS SAID...THAT THIS IS A PROCESS... A PLANNED EVENT OVER TIME THAT THEY WILL ATTEMPT TO DO SO NO ONE WILL NOTICE...WE DO NOT HAVE ANY REAL INFORMATION AS TO HOW FAR ANY GIVEN COUNTRY WILL BE ADJUSTED...NO ONE KNOWS THE ANSWER TO THAT BUT THE ONES IN CHARGE OF THE ASSET BACKED FORMULAS...SO ALL WE CAN DO IS SEE THAT IT IS HAPPENING...
8-19-2016 Newshound Guru mike ...they'll get this open market economy up and running and the country will prosper or they won't and in a short time they won't be able to make payroll for the 4 million plus state employees and then all hell is going to break loose. They say necessity is the mother of all inventions and I'm hoping this applies to Iraq as well. Iraq needs to course correct in a big way for it's own political and sovereign survival. The investment is still a good one...even if the currency goes to a quarter it's still a 25,000% increase in your investment... All we're waiting for is the political will for real change...IMO. [post 2 of 2]
8-19-2016 Newshound Guru mike Until Iraq develops the political will for change, things will be the same two years from now as well...here's the thing, they can't afford to continue the way they've always done things. The financial crutch and foundation for this corrupt nation has all but evaporated. Oil will not save the day for Iraq and it's corrupt leadership anymore. The reserves, or the nation's safety net, is eroding at an alarming rate and in a short time there won't be enough money to borrow to keep this country afloat. Two things will happen in Iraq... [post 1 of 2....stay tuned]
8-19-2016 Intel Guru Bruce ...we talked about the Amnesty Law having been passed and gone through and been put into the Gazette? Evidently there’s five parts to that Amnesty Law. Three ...of the parts have been passed and gone through and are in the Gazette. There may be two more aspects to it that might...go through the weekend. We don’t believe that these two aspects of the Amnesty Law...will hold anything up or is something that we’re waiting to have happen. I will say this, looking at this thing from my perspective; it appears we are coming down to the wire. It appears this is to go between now and the weekend. I’m not going to name dates. I’m not going to name days. I’m excited about how close we are.
8-19-2016 Newshound Guru wmawhite Article "Iraq is Back in Business, According to Wyndham Group" Quote: "...the Wyndham Hotel Group will be building two new hotels in Najaf before 2018, a secure southern town that sees huge influxes of religious pilgrims." do you think that they just thought of this today? Really...they have been looking at these projects for YEARS!
8-19-2016 Newshound Guru rcookie Article: "Anbar governor reveals an agreement to build a modern, commercial city in Habbaniyah" ANOTHER CITY...THIS ONE A MODERN COMMERCIAL CITY IN ANBAR WITH A CONSORTIUM OF PRIVATE SECTOR COMPANIES FROM THE US AND SOUTH KOREA. THE STATEMENTS IN THAT ARTICLE ARE PROFOUND AND SPEAK DIRECTLY TO THE LEVEL OF GLOBAL CONFIDENCE IN IRAQ'S ECONOMIC PRESENT & FUTURE...JUST TRY AND GRASP THE SCOPE AND MAGNITUDE OF THIS PROJECT...THE LARGEST DEVELOPMENT PROJECT IN ALL OF IRAQ. TO BUILD A MODERN COMMERCIAL CITY OVER 10 YEARS STARTING 2017 SPANNING 40 MILLION SQUARE METERS (15.5 SQ MILES)...15.5 SQUARE MILES WORTH OF DEVELOPMENT SPACE...ANYONE HERE UNDER THE IMPRESSION THE INTERNATIONAL INVESTMENT COMMUNITY LACKS CONFIDENCE IN IRAQ AND ITS INSTITUTIONAL STABILITY...NOT! ...AND THE FACILITATORS OF THIS ANBAR PROJECT ARE THE UNITED STATES AND SOUTH KOREA...
8-18-2016 Newshound Guru firefly Article: "Presented Finance Minister Hoshyar Zebari, a draft 2017 budget law to the Council of Ministers." Now this is interesting, wonder when the deadline is to approve it? And why talk about it in August! Why would they want it completed in Sept? The numbers are mind boggling. Follow the money folks!
8-18-2016 Newshound Guru rcookie Article quote: "Amnesty bill does not reveal a clear philosophy in dealing with the crimes covered by the amnesty, and the crimes are excluded from it." THIS PIECE GIVES YOU EVERYTHING ABOUT AMNESTY LAW BACKGROUND HISTORY UP TO TODAY THAT YOU COULD ASK FOR...THIS IS AN EXCEPTIONALLY COMPLEX LAW...WITH FAR REACHING CONSEQUENCES THAT WILL IMPACT THEIR SOCIETY FOR A LONG TIME...FROM TORTURE...TO TERRORISM...TO FAKE DIPLOMAS & COUNTERFEITING...THE APPEAL PROCESS AND IMMUNITY... AND CAN OBVIOUSLY SEE WHY IT HAS TAKEN SO MUCH TIME AND ELICITS SUCH DEBATE FROM SO MANY ANGLES... BIG...BIG...ISSUES ...THEY ONLY HAVE ONE SHOT AT IT...
8-18-2016 Intel Guru Frank26 [Last week you stated the fiscal year for Iraq is October to September, but...you changed that to say Iraq's fiscal year has always been January to December. So has the time frame now changed from September/October to December, 2016 or even possibly the beginning of 2017...Would you mind clarifying this?] Said does NOT have to be that long...Said they are way ahead of schedule...Said all of M. E. is always on a Financial Year...Said all has to happen BEFORE they enter 2017...They will launch their 2017 Budget on 1/1/17 as they and the ME ALWAYS DO...As the 2017 Budget comes to life with a new rate in September of 2016...IMO.
8-18-2016 Newshound Guru rcookie Article: "Ministry of Finance: the adoption and the wills of oil by 90% in 2017 budget" Quote: "The Ministry of Finance next month of September, the date for the completion of the state budget for the year 2017..." ...SO IN ATTACKING THE FORMATION OF THE 2017 BUDGET...ZEBARI ANNOUNCES THAT IRAQ BUDGET 2017 DEPENDS ON OIL SALES BY LESS THAN 90% FOR THE 1ST TIME IN SEVERAL DECADES...AND WILL BE COMPLETED BY END OF SEPTEMBER. THEY HAVE CHANGED THE IMPETUS OF THEIR ECONOMY...AND WILL ONLY CONTINUE TO IMPROVE & PROSPER...AND OBVIOUSLY EARNED THE RESPECT...CONFIDENCE AND STABILIZATION THE 3 LETTER AGENCIES ARE FORECASTING RELEVANT TO THE STRONG GROWTH IN GDP AND FOREIGN DIRECT INVESTMENT NUMBERS...TALK ABOUT PROGRESS IN THE RIGHT DIRECTION...
8-18-2016 Intel Guru ADMINBILL WHAT NEWS I HAVE RECEIVED IS GOOD. EVEN THE POSTS FROM [GURU] FRANK, [GURU] DELTA AND OTHERS POINT TO GOOD THINGS HAPPENING. CONTINUE TO BE DILIGENT AS WE NEAR THE RELEASE...
8-18-2016 Newshound Guru wmawhite Remember, the size of the notes in a marketplace is reflective of the price of goods in the marketplace. In order for the lower denominated notes to be used in the marketplace is for the prices to have decreased enough for them to be used. With Iraq still importing 85% of its goods, those prices in the marketplace will lower once the value of the currency buying them increases in value significantly. Those goods are imported today with the USD. Those prices will not be brought down in price importing them with a currency less valuable than a dollar.
8-18-2016 Newshound Guru Adam Montana [If we would see a RV in October 2016, do you believe it would be at the once mentioned rate of .10 cents.] Depends on oil prices. If it starts spiking, which is very possible, then yes I think 10 pennies or even higher. If oil is hovering around $50, but we see the HCL, then I'd look for 5-10 cents.
8-18-2016 Newshound Guru rcookie Article: "Iraqi delegation in Cairo to take advantage of the experience of the Egyptian Investment Authority" ADDING 488 IRAQIS HAVE BEEN TRAINED IN THE PROGRAM IN THE INVESTMENT... INSURANCE... STOCK EXCHANGE...AND CAPITAL MARKET AREAS AND GREETED BY THE 18 MEMBER IRAQI DELEGATION OF GOV'T AGENCIES & NATIONAL COMMISSION FOR IRAQI INVESTMENT... AND NOTES IRAQ IS RANKED 25TH IN COUNTRIES INVESTED IN EGYPT... COMPRISED OF 3324 COMPANIES WORTH 492 MILLION AND OVER 4000 EMPLOYEES IN ALL SECTORS... WOW!! WHO IS THE MOST INTERESTED IN SETTLING OF DISPUTES BETWEEN BUSINESSES AND COUNTRIES... HANDLING TRADE DISPUTES BETWEEN PARTIES AND NATIONS... IT IS 1 OF THE FINAL STEPS FOR WTO ACCESSION.
8-18-2016 Newshound Guru Adam Montana [do you think that there is any chance that once the RV is started that they will try to "cheat us" out of a fair share of the RV?] Nope. I understand your concern and where you are coming from, but it would be "RV Suicide" to try to steal from those that they need to support them. Basically, you're alluding to an "in country" RV. I don't have any fears of that happening.
8-17-2016 Newshound Guru Breitling ...They’ve kind of accelerated what it is they want to do. That’s why you’re seeing a lot of articles coming out talking about retiring notes and stuff like that. It’s not the CBI itself. Remember how I follow the laws of Iraq. It’s the parliament, the ministry of Planning, the ministry of Finance and then the CBI…if you have those 4 talking about it in THAT order then it means something. What are the numbers. Who’s passing the law…that’s what I want to know. The CBI said they were going to add value to the currency. The ministry of planning said they were going to add value to their currency. The minister of Finance said we are going to add value to the currency. Parliament said we are going to add value to the currency. The IMF is on board so Iraq can add value to their currency…If you don’t understand this part of it, it’s tough to follow. How do you do it? The numbers are there. It’s not an opinion. [Post 2 of 2]
8-17-2016 Newshound Guru rcookie Article: "Parliamentary legal reaffirms resolve disputes about the amnesty law and vote next Tuesday" DEADLINE OF NEXT TUESDAY TO VOTE...AND CONFIRMATION THAT ALL DISPUTES ABOUT THE AMNESTY LAW HAD BEEN SETTLED...
8-17-2016 Intel Guru Delta CBI SITE TENDER 08/17/2016. ASKING COMPANIES TO PROVIDE THEIR TENDER FOR COUNTING AND SORTING MACHINES FOR LOCAL AND FOREIGN CURRENCY. 09/18/2016 IS THE LAST DAY TO SUBMIT THE TENDER.
8-17-2016 Newshound Guru mike I think Iraq's reserves are around $50 billion, M0 money supply is at least 30 trillion dinars and when you add in the ISX and other things, the M0 is roughly 60 trillion dinars, or a ballpark of 30-60 billion dollars worth of dinar at the 1182 rate. But what happens if you raise the rate to say 0.10? Now, that same 30 trillion dinar is worth $3 trillion dollars, that's nowhere close to 150% coverage of the curency in reserves. I'm all for the float but hopefully Iraq will get the currency into Article VIII first. [post 2 of 2]
8-17-2016 Newshound Guru mike Article quote: "The float of the dinar that reduces pressure on the central bank in relation to the size of the foreign currency reserves..." For me, the float is a great idea, after they've moved to Article VIII. There won't be any demand for the dinar until it's internationally recognized and accepted. ...just look at the street rate vs official rate as it stands today, there's a 9% spread. Once Iraqi's can buy Turkish tomatoes with the dinar, demand will increase. There are many in the GOI who are all for the float today because they know it will probably drop to somewhere between 1400 and 1500-$1 and it will result in lower costs for payroll etc. [post 1 of 2....stay tuned]
8-17-2016 Intel Guru ADMINBILL NO RV YET... ONE DAY SOON WE WILL BE REJOICING. WHEN? I AM NOT SURE. IT HAS BEEN SO QUIET YOU CAN HEAR A PIN DROP. MY CONTACTS ARE VERY OPTIMISTIC BUT THEIR SOURCES HAVE GONE SILENT WHICH MEANS THEY BELIEVE WE ARE CLOSER THAN CLOSE.
8-17-2016 Intel Guru Frank26 Quote: ”The GOI Signs on Thursday a Memorandum of Understanding with the United Nations that Requires the Involvement of International Investigators in the Files of the Grounds of Corruption” the UN is there with...handcuffs...to a degree…The UN is going in to...to remove the corruption...We are waiting…and watching for the UN to be successful in what they are doing…me and my TEAMS only care about the UN, the WTO, the IMF and the USA right now...Monetary Reform is out right now in front of our eyes...even before they release Mosul to you as liberated...they have already passed all the laws for the Monetary Reform...once they give you Mosul...what did we tell you...IMO the Monetary Reform will come at you with the speed of light.
8-17-2016 Newshound Guru Breitling …Iraq has been hit because of the oil prices that went down. It messed everybody up…it really did. but in the end what’s the answer? What’s on the table? Banks are having problems getting people cash. And then you have people out there say they have too much dinar out there so it’s not going to revalue. how does that work? doesn’t make any sense does it? Not only that but you have two reports that came out talking about one at 6 billion notes and one at 4 billion notes. [See Bretling Post from 8-16-2016] …Yeah let’s say it’s true…they have 53 trillion dinar…then yeah it’s not going to revalue. but it’s up to you. I’m not going to convince anyone of anything, it’s not my job. I know exactly what’s going on. I know exactly what the numbers are. And they’ve reduced it since the 4 billion note count. How long ago? I don’t know. I know what’s coming down the road….what’s going on in Iraq is pretty shocking. [Post 1 of 2 stay tuned for the rest of the story]
8-17-2016 Newshound Guru rcookie Article quote: "Ahmed Abd Rabou opened the Commerce Department a new center for Supply in the city of Ramadi..." ...HERE COMMERCE MINISTRY IS ANNOUNCING OPENING OF NEW SUPPLY TRADE CENTER IN RAMADI AFTER ACHIEVING REQUIRED STABILITY IN RECORD TIME...TO SAY THAT ABADI AND HIS NEW CABINET MINISTERS SWORN IN YESTERDAY HAD A HUGE DAY TODAY...BIG UNDERSTATEMENT...
8-17-2016 Newshound Guru mike Article quote: "...the lack of confidence of citizens in banks behind it are many reasons, such as lack the Iraqi government keeping its commitments to the private sector..." Literally, for years, we've read about the banks not being up to snuff, corruption and the governments lack of support for the open market economy. Statistically speaking, they can't maintain this kind of failure and ineffectiveness forever, can they?
8-17-2016 Newshound Guru Kaperoni Article: "Keywords acknowledges the absence of fiscal policy and accuses the institutions working for political interests Baaaguetha" Don't confuse "fiscal policy" with "monetary policy" Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. It is the sister strategy to monetary policy through which a central bank influences a nation's money supply. [reference Guru mike post 8-16-2016]
8-17-2016 Intel Guru Frank26 Quote: ”The Duties of the WTO Task Force is to Reduce the Difference of the Value of the IQD to the USD and Activating Iraq’s Private Sector” ...the WTO is telling you they have a task force in Iraq and we are doing our best to close the gap between the IQD and the USD...by raising the value...The WTO is now in position to welcome them...how will you know when Iraq is international...the moment the WTO tells you they have accepted them as members...the international status of Iraq is eager to introduce their currency...not at a program rate.
8-16-2016 Newshound Guru Breitling They [People who feel there is trillions of dinar out there] look at the CBI and they’ll look at the reports coming in and it says in their reserve they have 53 Trillion dinar or 61 trillion…at one time it was 81 trillion and then it went down. People don’t understand it’s all the assets combined…it’s gold, it’s oil, it’s the reserve, it’s not the country’s note count. There are 2 reports that come out…one report said they had 6 billion notes and how much dinar that represented…I’ve talked about this for years. Then the next report came out and it said it was down to 4 billion notes but it never came out with how much that 4 billion represented. People would get the countries note count mixed up with the countries overall value. [Part 2 of 2]
8-16-2016 Newshound Guru rcookie Article: "Basra calling for the rehabilitation of border outlets being an important economic resource" ...WHERE AT ONE TIME THE CUSTOMS TARIFFS INCREASES TO BE IMPOSED AT BORDER POINT WERE MAJOR OBSTACLE AND SOURCE OF CONTENTION IN THESE BORDER CROSSING AREAS...THE SUCCESS OF THE REVENUE STREAMS TO THE COUNTRY AND PROVINCIAL SHARE OF THE REVENUES HAVE THESE AREAS TRIPPING OVER THEMSELVES TO GET ENGAGED...WHAT A DIFFERENCE A YEAR MAKES.
8-16-2016 Newshound Guru Breitling Article “Dozens demonstrate in front of the family bank in central Baghdad to demand their money...” People don’t realize this but this has been going on at more than one bank. The thing is the banks are not releasing cash to the citizens. And that’s strange since there are misunderstandings out there of how much dinar is out there. With all that dinar out there [Said sarcastically]. There’s a shortage of getting citizens their money? That worthless dinar? How does that happen? Strange circumstances don’t you think? With trillions and trillions of dinar out there…and that’s the accusation that’s out there…why would they have problems giving cash to people on the streets? [If there was trillions of dinar] It doesn’t exist. …it’s not a nation wide thing but it keeps happening over and over again. So again, my question is…With all these trillions of dinars? …It’s the note count and it’s something that’s not talked about…[Part 1 of 2]
8-16-2016 Intel/Newshound Guru Mnt Goat By the time the new RV happens they want to have as much of the 3 zero notes already exchanged in Iraq as possible. The e-dinar implementation will also help too since I believe this is why they will use the e-dinar for months to pay people instead of hard currency. (from Sept 1st 2016 thru Jan 1st 2017)... This will not put any more new currency back into circulation and thus limit the possibility of 3 zero notes later. So they needed all this time to clean up the financial and banking system. Remember the IMF came into being a major player in the process in Oct 2015... This new 5.4 billion loan is bait...bating Iraq to go alone with the needed reforms. Also they do not want to give them this aid unless they can pay it back and the reforms are their assurance. They are supposed to get another 2 billion of the loan by the end of the year. Do you now see just how close we are to the RV? We are approaching an RV window...The window is Sept 1st 2016 thru Jan 1st 2017...its coming...at least they will attempt it one more time. [post 3 of 3]
8-16-2016 Intel/Newshound Guru Mnt Goat For instance 4 of the $25,000k notes today is worth $100 dollars. Then they launch the lower denoms. The new $100 notes will be worth $100 dollars. Easy one note instead of four notes. No value change yet. But when they go to the bank to dump (exchange) their cumbersome, extra large 3 zero notes it will be a 1:1. They will turn in 4 of the $25,000 notes for one $100 new notes. Value stays exactly the same. So citizens in Iraq will have the exact same purchasing power only they won't have to carry wads of these 3 zero notes of to purchase. Note they did not say 1:1 with the USD they simply said 1:1 with the old currency to the new currency value. When do we make our millions then? This is step #2: The process calls for bringing the dinar back to the true value pre-war years. This is the bonus for us, this is the RV. But this new rate will not have any effect on the Iraqi citizen... ...the exchange rate we keep hearing about of $3.22 - $4.20 is for the USA value in dollars...our $25,000 dinar notes get exchanged to dollars. So at an RV of $3.00 we would get $75,000 for our $25,000 note. [post 2 of 3....stay tuned]
8-16-2016 Intel/Newshound Guru Mnt Goat Remember this RV is going to be a two stage process. First they must launch the lower denominations at a 1:1 and then later comes the RV with an increase in value. The new value will coincide with the post war value plus equity. Article: "Economists divided over deletion of zeros on Iraqi dinar" This is an amazing article... This article confirms that the RV is a two step process. The First step: Quote: "that the step to delete zeros is merely an administrative process, and the currency equation should remain the same. This means that the purchasing power of the new currency should be equal to that of the old currency. He added that the two currencies should both remain in the market for a period not exceeding three years, then the old currency should be gradually withdrawn". So how do they get the old currency to equal the new currency value from an RV we all keep hearing about? [post 1 of 3....stay tuned]
8-16-2016 Newshound/Intel Guru BGG [...2017 BUDGET WILL BE $82 BILLION AND BASED ON $40 PER BARREL...] I haven't looked at any recent budget numbers - but doesn't that leave them pretty short still? On the other hand, if oil spikes - which it always does - they will be in really good shape...in fact, REALLY good shape.
8-16-2016 Newshound Guru mike To me, fisal policy = legislation. I don't think you'll find concrete evidence that he's wrong, just the absence of the legislation that's necessary for economic/monetary reform. I think we're hearing a lot of discussion from the economists, IMF and even the CBI, but precious little from the government itself. I think they're begrudgingly following the guidelines the IMF set up so they can have access to the loans, but I would agree with Keywords, they don't have a long term plan. Hopefully I'm way off base and 2017 is the year... [post 2 of 2]
8-16-2016 Newshound Guru mike Article: "Keywords acknowledges the absence of fiscal policy and accuses the institutions working for political interests Baaaguetha" I'm puzzled as to why Keyword's would put these kinds of statements out today when there's supposed to be a plan to move this country forward economically and monetarily. We keep hearing about a plan and yet Keywords is telling us there isn't one. I guess time will tell, they told us Iraq would be part of the worlds economy by mid 2016 and now they've moved it to 2017, here's hoping that is still the plan. [post 1 of 2....stay tuned]
8-15-2016 Newshound Guru wmawhite ...the "delete the zero project"...does not mean that a 1,000 IQD note becomes a 1 IQD note. The delete the zero project is the gradual removal of the larger notes from the market place...and that happens by the increase in value of the IQD which will reduce the prices in the market place, thus making the smaller notes usable. The fewer notes in circulation means a greater value of the currency. ...the CBI has told everyone of us exactly what they are doing...We have the facts. [See more about "drop the zeros" under the Start Here tab at the top of this page...}
8-15-2016 Newshound Guru rcookie Urgent: judiciary issued an arrest warrant on the security and defense ministry officer and secretary general of military intelligence and the son of Khaled al-Obeidi...! Quote: "An informed source said on Sunday that the judiciary issued arrest warrants against memorandums of people at the Ministry of Defense based on the confessions of the accused, who directed the minister to the media in accordance with Article 243." WOW! OBEIDIS SON AND DEFENSE MINISTRY OFFICIALS ARRESTED...
8-15-2016 Intel Guru SteveI Article: "Iraq is heading toward financial stability" Quote: "Najib confirmed that «laid plans by the government economic initiatives, very good and entered the implementation phase, there are small, medium and large size of more than six trillion projects Iraqi dinars, which will generate revenues and stimulate the economy in the near future »and showed the MP that the economic crisis in the country needs time to end it because of Iraq is unable to diversify its economy and sources of the budget, especially as the security situation in the implementation of economic plans and expansion by the advent of international companies to invest in Iraq." I really like this paragraph...Just think of the potential of the outside investors and when the current value of their currency increases, the power of these economic initiatives will have on the global economy. I am very impressed and very pleased to be reading this type of news.
8-15-2016 Intel Guru Frank26 ...it's all good...But this week keeps us in a Limbo...Still waiting for Mosul.
8-15-2016 Newshound Guru mike I've always read that the WTO wants Iraq to: "He said the main duties of the task force are reducing the difference of value between Iraqi Dinar and US dollar and activating Iraq's private sector." ...the dollar to dinar difference right now is about 100,000%, there's a big space available to raise the value of the dinar without it having to be 1-1...the WTO isn't saying the dinar has to be close to a dollar, it's saying that Iraq needs to close the gap a little, like a nickel, dime or quarter rise, not the full dollar amount.
8-15-2016 Newshound Guru tlm724 Article: "The Iraqi government signed on Thursday a memorandum of understanding with the United Nations requires the involvement of international investigators in the files, "grand corruption" For months, Iraqis organize demonstrations in the capital Baghdad and the southern provinces, demanding the formation of a government of technocrats, and an end to political wrangling in Parliament, and to provide the corrupt to justice... hopefully this will help calm the people a lil.
8-15-2016 Intel Guru SteveI There is just too much going on in the back ground to support this happening that I am extremely encouraged. There are a few things going on within the ISX that if our team can really confirm, then that alone would put the icing on the cake for me. I believe that once Mosul is under control we are going to see some very happy days.
8-14-2016 Newshound Guru rcookie Article quote: "Revealed Badr parliamentary bloc, on Saturday, on the nomination of Qasim al - Araji , an official for the post of interior minister, noting that the cabinet reshuffle will be presented to a vote next Monday." Article: "Adeeb: National Alliance blocs will meet tomorrow to decide the general amnesty law" IRAQ IS GONNA GET THEIR VOTE ON FOR MONDAY...BOTH LAWS GETTING REQUISITE COMMITTEE REVIEWS TOMORROW [SUNDAY]...AND PARLIAMENT FOR VOTE MONDAY...
8-14-2016 Newshound Guru tlm724 Article quote: "the Governor of the Central Bank, to "the absence of fiscal policy in Iraq," and stressed that it is managed on the everyday problems and social pressures and not drawn for the future ", and was charged with the institutions' work for political interests disability monetary policy in the country" "that "the economic reform process in Iraq is still at the beginning of the first stage" And how many years have you been the governor of the CBI? Look I'm not saying he is a miracle worker and we know he has to have support, laws and stability...but really? The CBI is an independent body and I don't accept his performance thus far! He has done very little to correct the policy and if it weren't for the IMF pulling the strings behind the scenes we wouldn't see new policy's written and implemented! The good news is that the policy is being changed...
8-14-2016 Newshound/Intel Guru BGG [On a scale of 1 to 10, how excited are you about UN intervention into Iraq corruption files?] 9 - it's why things are moving so fast.
8-14-2016 Newshound Guru rcookie THERE ARE INDEPENDENT POLITICAL BLOCS MAKING LAST DITCH EFFORTS TO OBSTRUCT THE GENERAL AMNESTY LAW SAYING THAT THE PASSAGE WILL RELEASE MANY TERRORISTS BACK INTO THE COMMUNITIES ...JABOURI STATES THE LAW WILL BE VOTED ON IN MONDAY'S SESSION.
8-14-2016 Newshound Guru mike [IMO, if the plan is on target, we are watching the CBI now get ready for the initial increase in value... Reference Guru Kaperoni post 8-13-2016 ] I'm hoping the plan is on target, but it sure seems like a tall order in a very short period of time. In just a little over five months we're hoping that Iraq will get rid of the exchange restrictions, get the spread down from 1287 - $1 to something less than 1205 - $1 and the dinar's in Article VIII, right? ...I don't see a way for the dinar to rise unless it's internationally recognized, other countries have to trust it before they'll accept it, right? Without the ability to purchase imports with the dinar, I don't see how they can get the value to .10, they'll need that to create demand over the dollar. So, that begs the question, will they start at 1182 or will they start at a nickel and go from there? For sure, we're going to have to see these guys move at speeds yet unseen to realize the goal of 50, 100 and 200 dinar notes in early 2017, here's hoping they do it.
8-14-2016 Newshound/Intel Guru BGG [i really do not see this going more then few more weeks not month ... Next month will be something.] I know a few very good sources that feel before the end of the year is not unrealistic.
8-14-2016 Newshound Guru Aggiedad77 Article: "Iraq surpassed the most dangerous phase of the financial crisis" this article IMO is HUGE...HUGE...it's telling us that not only has Iraq passed the financial crisis... HUGE... but they have done so in a SUCCESSFUL way...again HUGE...plus they are SCREAMING at us about the world's growing CONFIDENCE in Iraq...once more...HUGE...This has the ring of financial reform to it from top to bottom...Rasheed and Rafadain Banks stepping up to offer loans...loans that will bring providing a productive economy through the transformative process that will allow for multi-resource production programs...It is this kind of kick start to the economic reforms that will help Iraq get a running start at other revenue sources besides oil...HUGE... HUGE...it's being orchestrated right before our eyes....HUGE...IMO of course.
8-13-2016 Newshound/Intel Guru BGG [ I am trying to figure out if there will be a float or managed float of the dinar...?] I don't know about float - but certainly "positioning" to do something... and that is EXCITING.
8-13-2016 Newshound Guru Kaperoni Article: "Central Bank: the issuance of three categories of cash in 2017" IMO, if the plan is on target, we are watching the CBI now get ready for the initial increase in value which will allow the 50, 100, 200 to begin circulation at the beginning of 2017. Which as I have already stated, means the dinar needs to rise to about 5 or 10 cents. They will not release these notes until the value is appropriate for the notes to warrant circulation. So we are seeing the banking system now being prepared by laws, compliance with the IMF etc.. The next several months will be very busy I would expect in the media.
8-13-2016 Newshound Guru tlm724 Article: "Parliamentary Finance: Iraq has not yet threat to the economic crisis beyond the stage" Quote: "...that Iraq is dealing with the International Monetary Fund and World Bank, it is not up to the bankruptcy or the brink of collapse..." no way the IMF/WB will let them fall, they have too much time and money invested in Iraq...the Iraqi reserves level now stands at 53 billion dollars...
8-13-2016 Newshound Guru Kaperoni Article: "Zain launches electronic payment solutions and prepared the first time in Iraq" Quote: "...first electronic payment means in Iraq will contribute to the expansion of e-commerce areas and will have a similar effect to the effect of "PayPal" on e-commerce in the United States or the impact of credit cards on the global economy." This IMO is all part of the plan to make the dinar a competitor in foreign currency. Lining up to open the banking system.
8-13-2016 Newshound/Intel Guru BGG ...the General Amnesty Law...our researchers tell us the 1st draft will be in Parliament over the weekend... NOT DONE OR VOTED ON!! [the gen amensty law may be voted on next week?] That appears to be correct. ...they will work over this draft, read it a couple of times and go from there. It appears close. [what happen to make them move so fast now?] Easy - IMF, WB, UN - M-O-N-E-Y!!
8-13-2016 Intel Guru Frank26 ...in the early parts of this year...sometime around the first quarter...a lot of things were done...in fact the BIS, the WB...they signed off on Iraq...in fact the year before the IMF told Iraq...you’ve got the green light to lift the value of your currency...remember that...Back in that first quarter...Iraq became Basil III compliant...if you are Basil III compliant... then there is no Article 8...Article 8 has been lifted...we are not really looking for anymore intel on the Monetary Reform...we are waiting for them to give us Mosul...Iraq is Basil III compliant...that is why it is such an easy thing for them to say they want to be 1 to 1 with the American dollar...they are about to liberate Mosul...and the Monetary Reform will travel at the speed of light...when they see the ascension of Iraq into the WTO...then it will make a lot of sense to you to have the American dollar and the Iraqi dinar at 1 to 1...and it will make much more sense when Dr. Shabibi will say that he wanted to raise the value of their currency at the beginning or middle of the year...and you consider that October 1st is the beginning of the fiscal year that they will now be joining IMO.
8-13-2016 Newshound Guru tlm724 Article: "There is already an agreement introduced the law to vote at the meeting on Saturday." Quote: "all the points of contention about the amnesty law has been resolved once and for all and the law is ready for presentation to a vote." perfect! this revised law will allow those guilty to be prosecuted ! No matter their status!
8-13-2016 Newshound Guru rcookie Article: "Speaker of Parliament: the inclusion of a general amnesty in a session Saturday for a vote" JUST LIKE WE REPORTED...THE GENERAL AMNESTY LAW ON DISPLAY ...IN PARLIAMENT WITH ALL CONTENTIOUS ARTICLES REMEDIED...AND REPORTED VOTE OVER WEEKEND OR MONDAY...HERE THEY ARE REPORTING SATURDAY.
8-12-2016 Intel Guru ADMINBILL Let's see what the day or weekend brings. SORTING OUT INFO WHICH IS VERY SPARSE AS IT HAS BEEN. FROM WHAT I AM HEARING THERE IS A CONSIDERABLE EXCITEMENT AND A STRONG DESIRE TO SEE THIS THROUGH AS SOON AS HUMANLY POSSIBLE.
8-12-2016 Newshound Guru tlm724 Article: "Parliamentary Integrity: the use of international investigators for the state's inability to curb corruption in the country" investigators and judges in Iraq lack experience in uncovering cases of corruption that has penetrated in all state institutions...the corruption runs so deep, it's just too big for Iraq to handle! this is a great thing! Get the corrupt outta there...
8-12-2016 Newshound Guru Mountainman With the G20 SUMMIT = Sept 4 - 5 = Riding the COAT TAILS of the IEX LAUNCH September 2...Do You SEE the ORCHESTRATION of TIMING of these EVENTS...?
8-12-2016 Newshound Guru mike Article: "Central facilitates the process of getting on the dollar" It feels like Iraq is doing just enough to satisfy the IMF so the loan money can continue to trickle in. I think that once Abadi is serious about monetary reform, he'll change the existing leadership at the CBI and really begin the process of improving the economy and the currency. The IMF and Iraq told us in February that Iraq would join the world's economy by June and that date has come and gone. I hope I'm wrong but until I see concrete changes instead of committee's, I'll remain skeptical.
8-12-2016 Intel Guru Bruce LETS GO BACK TO AMNESTY LAW, WE THOUGH IT WAS PASSED MONTHS AGO BUT IT WAS NOT...WE UNDERSTAND... LAST NIGHT...LAW HAS BEEN PASSED...AND IT WAS IN THE PAPER...THIS IS AN IMPORTANT STEP. WE HEARD OF IRAQ STOCK EXCHANGE TO BE OPENED AND TRANSITION TO TRADING FOR ISX...WE UNDERSTAND THEY WERE TOLD TO WAIT FOR THE WEEKEND. THIS WOULD BE AN INDICATOR OR A PRECURSOR WITH INTERNATIONAL RATE TIED TO THAT. WE COULD BE SEEING SOMETHING QUITE SOON NOW ACCORDING TO TIME FRAME AGREED TO A FEW WKS AGO. EVEN YESTERDAY WE WERE THINKING WE WOULD HAVE THIS BY NOW.
8-12-2016 Intel Guru Frank26 [i picked up on the fact that you stressed the fact iraq wanted 1 to 1 rate in country and that it would be different outside the country...might they all ready have a one to one rate in country but won't release it till they liberate mosul and officially go international?] There is no new rate on the CBI website right now...When there is...Their goal is to be 1 to 1 with the USD. That is the completion of the RI of the IQD MR inside Iraq...For in this arena a dinar is a dinar forever. Then we take the IQD on an RV international ride of a higher rate per country currency...Outside of Iraq. None of this UNTIL they give You Mosul. So to answer You...No.
8-12-2016 Newshound Guru rcookie Article: "International centers qualifying local trainers global efficiency" ...HERE AGAIN IS IRAQ TAKING DIRECT MEASURES TO ADDRESS ITS GLOBAL POSITIONING IN THE STANDARDS OF THE BANKING SECTORS BY ESTABLISHING PROVINCIAL TRAINING CENTERS TO IMPROVE HUMAN COMPETENCIES AND PERFORMANCE WITHIN THE BANKING SECTOR...THINK ABOUT THE MESSAGE THIS SENDS TO THE INTERNATIONAL COMMUNITY TOWARD IRAQ'S SERIOUSNESS AND APPROACH TO MEETING AND EXCEEDING GLOBAL STANDARDS...CONFIDENCE AND STABILITY...
8-12-2016 Newshound Guru Kaperoni Article: "Central facilitates the process of getting on the dollar" "Quote: "...central bank confirmed his quest to facilitate the real beneficiaries for the dollar and prevent irregularities in private banks and money transfer..." facilitate the real beneficiaries - in other words to eliminate corruption or misuse of the dollar. This is pertaining to the daily dollar auctions. Quote: "...the need for the commitment of companies and banks mentioned rules and standards to meet their applications to buy dollars for the benefit of their customers (remittances, credit, cash) which includes comply with the requirements and standards of international compliance..." what we are seeing is the CBI attempting to follow that directive...the recent SBA from the IMF...which calls out the spread and foreign exchange restrictions preventing Iraq from Article VIII (and international convertibility). This is good news they are trying, and we will see over the next few months if they are successful.
8-11-2016 Newshound Guru firefly Article: "Land Bank: Stop temporarily transactions for scrutiny and liquidity available to us" Quote: "Abbas added , "we need a period of scrutiny and the provision of liquidity appropriate and make sure from custody and construction operations ", noting that" the money is there and to reassure citizens in this regard. " Sure the heck sounds like Basel 3 compliancy to me. Basel 3 requires all banks world wide to have appropriate assets to cover and protect our deposits. BIS = Basel 3.
8-11-2016 Intel Guru SteveI Article: "Oil companies comes to agreement with Iraq for resuming investment" Quote: "Iraq has reached an agreement with the major oil companies like British Petroleum, Shell and Lukoil to restart stalled investment in oil fields that the companies are developing and allowing projects that were stopped this year." Wow, this is very encouraging news. It is slowly coming together.
8-11-2016 Newshound Guru firefly IMO amnesty along with the other laws is completed and awaiting implementation.
8-11-2016 Intel Guru Frank26 Article: "Abadi Heading Towards the Third Phase of the Process of Liberation of Mosul”…" ...it is the first time that Abadi comes out and he says...hey we are headed towards the third phase of the process of the liberation of Mosul...now the fact that Abadi tells you this...in my strong opinion...it is because they have in fact liberated Mosul...and remember what we said….the moment they give you Mosul...IMO this month of August sometime in the second to third week...then the financial reforms will travel at the speed of light... Monetary Reform will travel very quickly into the month of September IMO...the WTO is taking...Iraq on a fast track for membership…
8-11-2016 Newshound Guru rcookie Article: "Iraq signed a memorandum of understanding with the United Nations to follow up the files of corruption under the supervision of international investigators" WOW!...TALK ABOUT CHANGING A CULTURE AND BUILDING A NEW NATIONAL BRAND...HERE IS IRAQ SIGNING A MoU WITH UN TO HAVE INTERNATIONAL INVESTIGATORS SUPERVISE IRAQS INTERNAL HANDLING OF CORRUPTION INVESTIGATION AND PROSECUTION FILES AND GIVE PRIORITY IN COOPERATION WITH SUPREME JUDICIAL COUNCIL...THIS KIND OF MOVE INVITES TRANSPARENCY TO ELIMINATING CORRUPTION SYSTEMICALLY...OPEN FOR THE WORLD TO WITNESS...AND THINK ABOUT THE CREDIBILITY AND ACCOUNTABILITY AND MOVE TO REBUILD CONFIDENCE IN IRAQ'S INTEGRITY PEDIGREE TO THE WORLD...AMAZING MOVE!
8-11-2016 Intel/Newshound Guru tman23 Iraq plan was to create domestic market to supply domestic goods to the people and lessen imports for those goods...It is not working out so well and ...Importers in Kurdistan have ceased import operations because of liquidity (NO MONEY IN THE BANKS) to conduct their business...Although the CBI is moving forward...the domestic markets on a scale of 1-10 in advancing over the past year with 10 being good are at 2...it is continual disagreement...POINT BEING...THEY NEED IMPORTS...AND THEY NEED IMPORTERS TO HAVE ACCESS TO FUNDS...THIS IS THE SINK OR SWIM...CAN'T AFFORD TO FLOAT...
8-11-2016 Newshound Guru firefly Article: "The central bank sets standards to meet the purchase of foreign currency by banks" Quote: "...stressed institutions from banks and money transfer will be classified into several categories according to the evaluation results that may be obtained and Stalpi applications category that you get a reputation Supreme continuously and at rates higher than the foreign currency..." "...and at rates higher than the foreign currency..." If this doesn't get you excited you are literally pushing up daisies!
8-11-2016 Intel Guru ADMINBILL WE ARE SO NEAR I CAN TASTE IT. YES, IT IS REAL. YES, YOU WILL BE BLESSED. YES, YOUR LIFE IS ABOUT TO CHANGE. ...THE EVENT MAY NOT TAKE PLACE UNTIL SEPTEMBER... I NEVER DISCOUNT THE TIMING. IT WILL HAPPEN WHEN IT HAPPENS. ON THE OTHER HAND I DO NOT THINK IT WILL TAKE QUITE THAT LONG.
8-11-2016 Newshound Guru firefly Article: "Norway’s contributions to stabilization efforts in Iraq reach $10.7 million" So Norway decided to join the party...? Why are so many countries helping Iraq? Never happened before to this extent. IMO it's all about timing! [They want a stable ME.] IMO, Iraq is as stable as is needed.
8-11-2016 Newshound Guru Kaperoni Article: "Dozens demonstrate in front of my family bank in central Baghdad to demand their money and threatening to sit" Though it sounds bad, it is very good news! The CBI is starting to feel the pressure of the citizens and if they want to turn this around, they need to begin now. IMO they are two years behind schedule. That means, currency reform, laws, etc. to make the citizens trust and want to use the banks and dinar. Chin up everyone, the second half of 2016 is going to be full of banking news!
8-11-2016 Newshound Guru Bondlady Article: "Land Bank: Stop temporarily transactions for scrutiny and liquidity available to us" Quote: "we need a period of scrutiny and the provision of liquidity appropriate and make sure from custody and construction operations ", noting that" the money is there and to reassure citizens in this regard." imo...the cbi will have to do something... to show the people there money is safe an they can retrieve it very soon...this type of news will spread quickly...don't trust...OR ...trust...I think they'll fix it and make a production out of it to show the people its ok to bring ur dinar in an let them safe guard it...imo.
8-10-2016 Newshound Guru Kaperoni From CBI -To / all licensed banks and financial companies approved the conversion of all ( to meet the criteria for the purchase of foreign currency ). Looks to me the CBI is making an effort to meet the IMF requirement to liberalize the foreign exchange. More good news...compliance! ...I see the CBI taking steps to meet the conditions stated in the IMF Stand by Agreement. Of course the sooner the CBI meets them, the sooner they can move to Article VIII!
8-10-2016 Intel Guru Bruce ...you know we don’t call it. We don’t call dates and rates...but we do know when it’s getting close. I’m telling you from what everybody that I’ve talked to, every piece of Intel, every text that’s come in has point to the “I” word; imminent...And so that’s what, that’s where we are right now...
8-10-2016 Intel Guru ADMINBILL YESTERDAY...WAS A GOOD DAY FOR INFORMATION. IT IS POSSIBLE WE ARE ON THE BRINK OF GOOD TIMES. THAT IS NOT A PROMISE IT IS SIMPLY AN OBSERVATION BASED UPON THE INFORMATION I HAVE BEEN PROVIDED.
8-10-2016 Newshound Guru Adam Montana [HCL, the law of all laws, the one we are waiting to be passed...do you think since it is one of the, or the most important law to be passed it must come after all others.] IMO we don't have to see ALL of the laws passed before the HCL is completed. We will see SOME related action prior to the actual HCL, but they certainly don't have to hold off completely until all the lights to town are green. I expect to see 3 or 4 very directly related actions taken, most likely in Parliament, and then the HCL will get done and we'll see a major change in the exchange rate and a flurry of other actions.
8-10-2016 Newshound Guru Mountainman Article: "Vietnam Offers Some of the Most Exciting Investing Opportunities" YES...VIETNAM and It's ECONOMY is A POWERFUL FORCE to Be RECKONED With... Very Soon VIETNAM and Others Will See their Respective Countries and their ECONOMIES/CURRENCIES {Rise} to their TRUE VALUES and NEW LIFE will Be BREATHED Into A Dismal Inept Reality of the Citizens of these Countries w/NEW Found Purchasing Power...VIETNAM, Who will and has Been Exploding As "THE SECOND FASTEST GROWING ECONOMY" Since 1990...
8-10-2016 Intel Guru Dr. Clarke They have way too much positive, growth oriented movement, going on in VN on the table and have had for the past year...and it’s getting better and better...as you know, they or anyone else, is not going to come right out directly and tell you If or When, they intend to raise a rate, on ANY currency. YES, we’ve been looking for VN to start raising their rate since earlier in the year, because we've been over there PHYSICALLY, and Know people living there and in the U.S., both personal and business - AND because there wasn’t anything tangible holding them back - and there still isn’t - totally different situation than Iraq, with ISIS having been at ground zero. The IMF has Publicly given them their blessing, and that’s what’s needed - as with Iraq, getting their blessing as well, 3 weeks ago publicly.
8-10-2016 Intel Guru Bruce ...we understand there will be a new rate tied to the Dinar a so called international rate. I understand that that rate is on its way up from, uh I don’t usually do rates but let’s talk about this one because it’s in conjunction with the Iraqi stock exchange, but I’ve heard a rate over $5. That could be the international rate for Iraq so if that occurs that’s a really, really a good sign. It may occur in conjunction with us starting. It may occur before hand or it may start in conjunction like a shotgun start. Either way it will be fine. I just thought it was interesting that the Iraqi stock is exchange is going to be so big right off the bat. That’s going to be a big market. [post 2 of 2]
8-10-2016 Intel Guru Bruce This is really, really coming down to the final countdown. What we are hearing about Iraq is the Iraqi stock exchange, the ISX, is just about ready to go internationally. Now we’ve heard about this in the past months ago, but to our knowledge it never did go international, at least not with a new rate. And we are about ready to receive that news. We know people that have clients that are ready to do trades immediately on the exchange as soon as it opens for that international trading. We know that there are approximately 3.2 million trades on deck to be entered and processed right off the bat on day one. That’s a lot of trades. We know that the volume of those trades should be over $1.9 trillion dollars. Actually we’ve heard more trades have come up in addition to the 3.2 million that are ready to start. [post 1 of 2....stay tuned]
8-10-2016 Newshound Guru rcookie Article: "Parliamentary Legal apply to the presidency of the parliament to display the general amnesty law Thursday" [...there are those that say the passing of the Amnesty law will bring us $1.00. Do you believe this to be so?] NO...I DONT DO DATES AND RATES...BUT THE GENERAL AMNESTY LAW IS NECESSARY AND IMPORTANT ON MANY FRONTS INCLUDING NATIONAL RECONCILIATION AND INT'L CREDIBILITY, CONFIDENCE AND STABILITY OF IRAQS LEGISLATIVE & JUDICIAL INSTITUTIONS...INSTITUTIONAL STABILITY... [WITH THE AMNESTY LAWS DO YOU THINK THE OBSTRUCTIONIST WILL MOVE OUT OF THE WAY AND GET THINGS GOING?] YES I DO...I THINK IT WILL IMPACT THE ENTIRE LANDSCAPE TOWARD THAT END...IMHO.
8-10-2016 Newshound Guru Kaperoni Article: "Economist: the need to work with international standards of banking sector reform" Quotes: "reform of the banking sector with the support of the Central Bank and to take decisive and quick decisions to correct all the negative tracks" "accompanied by the adoption of new financial monetary policy lead to comprehensive reform" We are about to see banking reforms full speed ahead. And be assured, currency reform is part of even though it is not mentioned.
8-10-2016 Intel Guru Dr. Clarke [...are we still in the same time frame as to oct 1 back wall date?] According to what we know at this point, Oct. 1, and the last week of SEPTEMBER is the target date for the “Go” funding process to EVERYONE, because of several factors...
8-10-2016 Newshound Guru tlm724 Article quote: "We are a group of lawyers decided to respond by forming a body to be headquartered in Baghdad and will have branches in all the Iraqi provinces and will have activities and relations with international organizations and will exercise all the means that make us a reason to retrieve the stolen money from the country." "...will have branches in all the Iraqi provinces"...perfect! "...and will have activities and relations with international organizations..." who do you think got this pushed through? well I'll tell you it's got IMF & WB written all over it!
8-9-2016 Newshound Guru rcookie CABINET HELD ITS REGULAR SESSION TODAY CHAIRED BY ABADI. 1ST DEPUTY SPEAKER ALI PRESIDED OVER PARLIAMENT SESSION TODAY IN PRESENCE OF 237 DEPUTIES...
8-9-2016 Intel Guru Dr. Clarke Iraq is Finalizing. Take it Day by Day, be MORE Patient, and watch it all unfold. There are some MEGA surprises coming in the next few weeks...your money is coming. It won't disappoint.
8-9-2016 Newshound Guru rcookie BEEN WAITING FOR THIS...ITS A BIGGIE!! Article: "Parliamentary Legal apply to the presidency of the parliament to display the general amnesty law Thursday" SO ACCOUNTABILITY & JUSTICE LAW AND AMNESTY LAW WITHIN 2 WEEKS OF EACH OTHER...BOULYAAAAAH!
8-9-2016 Newshound Guru firefly Article: "Moody's" Islamic classified for private sector development at "Aa3" outlook stable" Quote: "Iraq News - directly: identified and Moody's credit rating agency, in a report, thecredit rating of the Islamic Corporation for the Development of the private sector at the level of "Aa3", with a stable outlook." AA3? [weren't they at a lower level not to long ago?] B- I believe. Can't argue with Moodys !
8-9-2016 Newshound Guru rcookie JUST IMAGINE WHAT THEIR ECONOMIC AND FINANCIAL DATA IS GOING TO LOOK LIKE WHEN THEY ARE GETTING STATIC REPORTING AND CONTRIBUTION FROM ALL PROVINCES AND ECONOMIC SECTORS...EXACTLY WHAT THE IMF...WB...AND WTO HAVE BEEN ASKING FROM THEM... [post 2 of 2]
8-9-2016 Newshound Guru rcookie Article quote: "the Bank launched a special economic and statistical data statistical site, containing the base solid and accurate data for the most important financial and economic sectors indicators of sectors" of monetary, financial, real, and foreign trade. " BOULYAAAAAAAH! [That news is something you have been looking for a while now. Yes?] YES...THIS IS IN DIRECT RESPONSE TO THAT ISX WORKSHOP ON GLOBAL DATA BROADCAST OF ISX PERFORMANCE AND INDICES...NOT TO MENTION FURTHERING THEIR ECONOMIC DATA ACURACY, TRANSPARENCY AND CONSISTANCY... [post 1 of 2....stay tuned]
8-9-2016 Intel Guru Dr. Clarke "Central Bank of Vietnam Sets Key Monetary Policies by Year End" Quote: "Regarding the forex market, the SBV will continue to keep foreign exchange reserves at a high level and flexibly adjust the exchange rate in line with the market movements" Folks, they're going to start moving the rate upwards soon. They MAY begin a significant move upward, as early as Aug. 26-28th. We feel though, that some further movements will occur in September, but even greater movement through last week of Oct. 24th, and the highest peak rates, by the last week of November. Vietnam has a completely different agenda, plan and time schedule than Iraq - and it's tied to the movement of the Chinese Yuan. No matter how you slice it, or when you exchange, Everyone Wins! They're waiting for the official last "Go" from the bosses...but, it's already been decided...
8-9-2016 Guest Guru DAZ AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET... THEY WILL JUST AS SIMPLY.... "TURN THE MONEY BACK ON". IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT...AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION. HANG IN THERE...WE'RE READY WHEN THEY'RE READY. [post 2 of 2]
8-9-2016 Guest Guru DAZ IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY. IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY... IN ITS OWN RIGHT. THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY. DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE...A COALITION OF NATIONS "TURNED OFF THE MONEY (DINAR)" AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004. THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD. [post 1 of 2....stay tuned]
8-9-2016 Newshound Guru rcookie Article: "Urgent .. parliament voted to lift the immunity Saleem al-Jubouri" JABOURI WAS ACQUITED OF ALL OBEIDI CHARGES...AND JABOURI OFFERED TO WAVE IMMUNITY FOR INVESTIGATION...MR OBEIDI GOT SOME SPLAININ TO DO...AN URGENT PARLIAMENT SESSION CALLED FOR THURSDAY...I SMELL AN OBEIDI IMPEACHMENT COMING...OR MAYBE HAS TO DO WITH THIS... "PARLIAMENT RAPPORTEUR YOUKHANNA ANNOUNCES COMPLETION OF LEGAL PROCEEDINGS FOR PARLIAMENT QUESTIONING OF FINANCE MINISTER ZEBARI" I DONT THINK HE WILL BE OFFERING TO WAVE HIS IMMUNITY LIKE JABOURI DID...THEY THINK THEY ARE UNTOUCHABLE AS THEY HAVE BEEN IN THE PAST...
8-9-2016 Intel Guru Frank26 [via Lostnq8] How do you lift article eight. Lift the three zeros. Now countries are rebuilding IRAQ and the reforms. They are getting ready for something. We are now in the second of the two by two by two. Two represents two weeks. Mosul is the second of the two by two by two. So we only have one more two by left. The moment that they give Mosul the monetary reform will go at the speed of light. We will see Mosul by the middle of this month...[IMO]. The major step is the WTO. (World Trade Organization). The WTO is waiting on the (remove?) zeros. Waiting on liberated MOSUL. Be patient. They are just waiting on Iraq. Waiting on Iraq to lift the value of the Dinar...The banking systems in Iraq are...up to date...BUT...It doesn't do them any good at a program rate. The currency value has to be lifted before anything happens. Many agencies signed off on Iraq a long time ago. The WTO is going to do the same. Everyone, CBI etc is saying go. RAISE THE VALUE OF OUR CURRENCY! LOOK FOR MOSUL!
8-8-2016 Newshound Guru Bondlady Article quote: "Mostafa Hashemi under the financial conditions experienced by Iraq, the diversification of natural resources economy represents a convenient option at this stage being a need to maximize the financial returns of its resources in non - oil..." I always thought this should have been done years ago along with the oil and gas...but now is definitely the right time imo, Iraq has just about every richness known to man with in its soil...its rich in everything... and awesome quality as well...get ready, iraqs about to take there place in the world as one of the most hugest economic powerhouses...imo.
8-8-2016 Newshound Guru mike Article: "The terms of a loan of the International Monetary Fund for Iraq .. prejudice to national sovereignty" When you get down to it...Iraq is a sovereign country, they should make their own decisions without coercion. The problem is, they have no political will to make changes on their own, they have to be led by their nose to get anything done. It's embarrassing that the IMF and WB have to step in and right the ship, but at this point, Iraq must be used to others coming in and fixing their problems.
8-8-2016 Newshound/Intel Guru BGG ...they are moving forward at great speed - right now... most are justifiably excited right now.
8-8-2016 Newshound Guru Chattels Parliament will reconvene Tuesday and completed questioning of the Minister of Defense. Otherwise a very unremarkable agenda for Tuesday.
8-8-2016 Newshound Gurus wmawhite and rcookie The Kuwaiti Experience...What does Iraq have in common with what Kuwait experienced. We do know that from the summer going into March of the next year that the Kuwait dinar was off the markets...the banks were closed. We do know that exactly 26 days after the end of the war the banks reopened by instituting a new Kuwait dinar at a value of 50 - 55 cents per dinar and the old Kuwait dinar that anyone may have left the country with fleeing the war at 1 - 1. The Kuwaiti experience is instituting a new currency at an old rate and all of the other banking functions that had to be started back up...credit cards, debt cards etc...that is what they [Iraq] are getting ready to do. They have a brotherly neighbor that is a success story that they are mirroring and look where Kuwait ended up...!
8-8-2016 Intel Guru ADMINBILL ANOTHER WEEKEND HAS COME AND...GONE WITH THE HOPE OF THE ELUSIVE RV AND THE RUMORS AND SPECULATION THAT SURROUNDS THE CONCLUSION...NOT HERE YET ...TODAY HAS BEEN A VERY STRANGE DAY IN DINARLAND. A DAY THAT HAS BEEN REFERRED TO AS "DEAD QUIET" BY SEVERAL CONTACTS. UNDERSTAND THAT THIS HAS BEEN AN INCREDIBLY COMPLEX AND DIFFICULT PROCESS TO COMPLETE...I KNOW MANY...ARE HOPING AND PRAYING FOR THE COMPLETION OF THIS EVENT. DON'T STOP. BE AT PEACE.
8-8-2016 Newshound Guru rcookie Article "Invalid: donor funds will move Iraq development and attract foreign investors" Quote: "Prime Minister's Adviser for Economic Affairs Mohammad Saleh appearance, the donors ' Conference funds represent "a step" to move the development in Iraq and bring stability to post "ISIS", noting that it also represents an opportunity to attract foreign investors." THERES THAT STABILITY WORD AGAIN...AND DIRECTLY ADDRESSES DOUBTERS WHO THEORIZE THAT IF THEY KEEP GETTING LOANS..WILL SLOW DOWN DEVELOPMENT AND REFORM PROCESS...
8-8-2016 Newshound Guru Aggiedad77 Article: "Observer news / Baghdad...private sources: the call for an urgent meeting chaired by President Fuad Masum ,and the presence of al - Abadi, Maliki and al - Jubouri and Najafi Allawi and al -Hakim and other political figures" Big POW-WOW on the horizon...wonder if he tells Maliki his time is up and to stop clowning around...then he looks to Abadi...we got Mosul yet...oh and by the way A...your meetings with Dr. Shabibi...let's get that wrapped up too...we got bigger fish to fry...Parliament is playing right into our hands.
8-7-2016 Newshound Guru rcookie 1ST WE REPORTED LICENSES BEING ISSUED...AND NOW... "Iraq Stock Exchange is preparing to launch investment funds and expert prepared "solution" to the problems of funding and unemployment" BOULAYAAAAAAH! Article quote: "IRAQI STOCK EXCHANGE ANNOUNCED TODAY THE LAUNCH OF INVESTMENT FUNDS AND ADD NEW FINANCIAL INSTRUMENTS FOR TRADING IN COLLABORATION WITH THE CENTRAL BANK AND GIVE THE FUND A PRIORITY AWAY FROM THE COMMITTEE ISSUING LICENSING FROM JULY 17TH IN THE SECURITIES COMMISSION DEPARTMENT OF REGISTRATION OF COMPANIES TO ATTRACT NATIONAL AND FOREIGN SAVINGS & INVESTMENT IN SECURITIES AND ADD TOOLS TO FINANCIAL TRADING..." FOLKS THEY ARE SOOOOOOO READY!
8-7-2016 Newshound Guru Kaperoni Article: "Iraq Stock Exchange is preparing to launch investment funds and expert prepared "solution" to the problems of funding and unemployment" They been talking about this for a couple of years. ISX transactions are in Dinars so until the CBI changes its monetary policy, I do not think it can happen. We shall see. A good thing for sure.
8-7-2016 Newshound Guru rcookie Article: "Real Estate Bank to stop granting loans for "lack of liquidity" VELOCITY EFFICIENCY...OR LACK THEREOF...THE POT IS BOILING OVER!!
8-7-2016 Intel Guru ADMINBILL NO ACTIVE RV AS YET...SOURCES POSITIVE. MUCH IS HAPPENING.
8-7-2016 Newshound Guru wmawhite [Executive order 13303...what is it and what does it mean for us dinar holders?] What is an Executive Order? An Executive Order enables the president to by pass or step around the normal appropriation process the way it is laid out in the constitution and to do things and to use his executive power to carry out certain events and in this case directing funding, primarily humanitarian funding and assistance, through all of the different Federal agencies toward the country of Iraq. And it says because of the emergency and in the last couple of years it's been humanitarian emergencies... Each time it has been signed, I read it over and over and I can't see anything in there that pertains to whether or not...being a sovereign country having it's own currency...as to whether or not it will change it's value or not change it's value. I don't see any impact on it one way or the other. So what is the rumor...has it been signed or not been signed...I don't see a connection between the two.
8-7-2016 Intel Guru ADMINBILL WHILE IT APPEARS THAT RELIABLE INFORMATION HAS TAKEN A VACATION FROM DINARLAND I DO CONTINUE TO HEAR OF ACTIVITY TODAY THAT HAS BEEN LARGELY IN THE BACKGROUND. I AM TOLD THAT TODAY WE MAY SEE A OCCURRENCE THAT WILL BE A MAJOR INDICATOR OF THINGS TO COME. THIS IS TO BECOME PUBLIC...
8-7-2016 Newshound Guru Millionday Article quote: "...continues stakeholders endeavors to Iraq 's accession to the World Trade Organization as a full member amid calls to intensify efforts to achieve this step." SO AS WE SEE -- THEY ARE MOVING TOWARD THEIR REPORTED GOAL ACCORDING TO THIS TO GAIN ACTIVE STATUS IN THE WTO. PARLIAMENT PASSING LAWS ...ONE OF THEM IS THE IRAQI STATE REVENUE LAW -- FEDERAL SERVICE...WORKING ON ECONOMIC REFORMS ACTIVELY. SO AS WE SEE -- THINGS GOING ALL ALL OVER THE FEDERAL GOV -- HCL -- CONTRACTS INTERNATIONALLY AND -- GUIDELINES GIVEN TO ALL EXCHANGE AND PRIVATE BANKS... LOVE IT ALL.
8-6-2016 Newshound Guru Mountainman Article quote: "A successful stake sale in Vietnam's biggest lender by value would be a vote of confidence in the country's banking sector, once ridden with bad debts." IF You Think VIETNAM is NOT READY...Notice Who has Bought Up The VIETCOMBANK... SINGAPORE... and Why w/VIETNAM... Answer = They are going to be HUGE...
8-6-2016 Newshound Guru Millionday Article quote: "The CBI has issued a set of guidelines for private banks Majarh companies and money transfer companies to broker the sale and purchase of foreign currency required to organize the relationship between the central bank and the banks and companies..." THE REGULATIONS FOR BANKING REFORM HAS BEEN ISSUED TO MOVE FORWARD TO ECONOMIC REFORM FOR THE COUNTRY.
8-6-2016 Newshound Guru Aggiedad77 Article: "Vice calls to stop the work of the parliament for a year and boot new elections" I believe there is one point in the Constitution that calls for the Prime Minister/Abadi having the authority to suspend Parliament...sounds good that he and his Cabinet would then have the authority to make things happen in the absence of Parliament..
8-6-2016 Newshound Guru Millionday "After selecting the National Investment Commission end of this month as the date for the issuance of the investment project of Imam Hussein Airport vacation (p international) in the holy city of Karbala, predicted expert civil aviation to achieve revenue of millions of dollars from the operation of the airport annually." HUGE INTERNATIONAL AIRPORT --- THIS HAS BEEN IN RUINS FOR YEARS AND WILL BE A LEAP FOR INVESTMENT AND THE REGION ETC...OBVIOUSLY THE DIVERSIFIED MARKET OF TOURISM -- Quote: "...cabinet will issue the investment license for a draft of Imam Hussein Airport« peace be upon him the end of the month of august..." THIS MONTH AUGUST...WHOOPOW...SO AS WE SEE THIS IS GOING TO BE DONE IN A HURRY -- HUGE PROJECT AND CONTRACT...
8-6-2016 Intel Guru Jester Quote: "On December 15, 2010, the Board of Governors, the Fund’s highest decision-making body, completed the 14th General Review of Quotas, which involved a package of far-reaching reforms of the Fund’s quotas and governance. This reform package, which became effective on January 26, 2016, delivers an unprecedented 100 percent increase in total quotas and a major realignment of quota shares. This will better reflect the changing relative weights of the IMF’s member countries in the global economy." ANYONE LIKE TO HEAR WHERE ALL THAT COMES FROM? WELL...IT COMES FROM THE IMF WEBSITE. [the Global Reset already happened?] IT DID HAPPEN…VOTED IN JANUARY...HAPPENED IN FEBRUARY...IT IS ALL ON THE BALANCE SHEETS OF EACH COUNTRY MEMBER OF THE IMF... [is that good or bad?] THAT IS A GOOD THING…
8-6-2016 Newshound Guru Millionday ALL OIL CONTRACTS ARE TO BE APPROVED AND GRANTED...LOCAL LICENSING FOR THE IRAQI OIL COMPANY AND ALL CONTRACTS FOR INVESTORS. SO AS WE SEE THIS IS HUGE AND OBVIOUSLY IS THE CALL FOR ACTIVE INVESTMENT ACROSS THE GLOBE BY CONTRACT -- HCL -- AND ALL LEGISLATION FOR DISTRIBUTION TO BEGIN FROM ENERGY AND FEDERAL COUNCILS FORMED FOR JUST THIS. THE IMPLEMENTATION OF THE HCL TIME HAS COME --- IT IS NECESSARY... [post 2 of 2]
8-6-2016 Newshound Guru Millionday Article quote: "...changes in the political and economic aspects of the local and international level, as legislation governing the energy investment (oil and gas) , the nature of the developments and changes in the political and economic aspects of the local and international level..." THE LEGISLATION GOVERNING ENERGY IS HCL... DUE TO THE MOVE COMING TO REBUILD IRAQ -- THEY NEED TO ACTIVATE THE LEGAL SYSTEM --- ALONG WITH HCL. THE LAUNCH OF THE LEGISLATION TO REBUILD IRAQ AND OPEN TO INVESTORS HAS BEEN CALLED FOR --- ON AN INTERNATIONAL LEVEL. THEY ARE PREPARED FOR THE APPROPRIATE TIME AND SITUATION FOR THE LAWS WRITTEN AND THE COUNTRY -- IMO. THIS IS VERY EXCITING... [post 1 of 2....stay tuned]
8-5-2016 Newshound Guru wmawhite [Among the factors encouraging foreign investment, how important is the current IQD low exchange rate?] the low value is always good for a country to encourage investment...in a limited capacity...however...with Iraq when the flood gates open, Iraq will need to leverage its currency with a greater value.
8-5-2016 Newshound Guru Bondlady Article quote: "Baghdad She said the oil marketing company Iraq (SOMO) said in a statement on Thursday that Iraq pumped 4.632 million barrels per day of crude oil in the month of July, recording an increase of 4.559 million barrels per day in the month of June." the most oil pumped per day during saddams time at the end was 3 millon bpd. this is just awesome and they're pumping more an more every day. even tho low oil prices this is great for them and it will only get better now as they get there crap together economically more an more every day...love it .
8-5-2016 Newshound Guru tlm724 Article quote: "Parliamentary Finance Committee unveiled on Thursday a new law to regulate the work of government banks, is done within the Commission. As it pointed out that this law will cancel all previous laws on banks" ...now thats hot! we have waited soooooooooo long for these banking laws and here they are...
8-5-2016 Intel Guru Bruce We should be highly expectant... it is about our time. We know our time very close with the info we are getting. I have heard that this so call RV has happen, taken place. I believe this is true. WE know the redemption centers are on black out. WE know they are quiet. They are ready, trained, prepared on deluru machines. We believe that we are very very close to what will be our final receipt of our blessing. We have given you some time windows and frames in the past. We are hearing some of those yes. ...we do have a reason to believe the rates have stabilized and are locked which is interesting. There really maybe nothing more than a slight time issue on the release. ...all have a green light, just up to the final button pusher to release it. We are looking good for take off, lift off.
8-5-2016 Intel Guru Frank26 ...they are on the speed of light on their financial reforms...their Monetary Reform...it is just now starting to march forward...IMO...it is a new rate that they need...like I have told you...it is the RI into the RV...but this is just the RI. ...IMO...all of these indicators...indicators of the RI into the RV...the RATE CHANGE...is the next goal...IMO...in order for them to enter into a cashless society...You know what else this means...the concept of going into digital currency...it means there is no LOP...
8-5-2016 Newshound Guru Kaperoni We sure don't have all the answers, but we do know that the plan is to raise the value.
8-5-2016 Intel Guru Bluwolf SKR'S are liquid since Monday. Banks are still on standby. No adverse negative power is delaying anything. Gold standard is now the way to go. The dinar is not a floater. The GCR will become public interest within days.
8-5-2016 Intel Guru Frank26 Abadi is doing a wonderful job...and he is working with many other agencies that are international to rebuild his country... the confusion that we saw is clearing up as we get closer and closer to the landing of this investment... They gave you Fallujah...then economic reforms everywhere at the speed of light...economic reforms are all over the place...let them give you Mosul...and then IMO...you will see the financial reforms. Let’s talk real quickly about the MasterCard that was supposed to come out on the 2nd...where is it... as far as the MasterCards, as far as Mosul...as far as anything else...they need to raise the value of their currency first... [post 2 of 2]
8-4-2016 Intel Guru Frank26 ...the month of July IMO...was a coming together of many different parts...you have the IMF with Iraq...you have the United States with Iraq...you have the US with many different countries in what they are trying to do with trade...you have the banking systems around the world who are literally salivating...every time they look in the direction of Iraq…Why...you have a lot of countries and companies that are pouring in now and they weren’t in years before...why...I mean every country that you can think of wants to come in and be a part of Iraq’s future...but...at a program rate of 1166... [post 1 of 2....stay tuned]
8-4-2016 Newshound Guru Kaperoni Article: "Continuing efforts to join the World Trade Organization" This is good news. Remember, one of the conditions set a few years ago was the raise the value of the dinar prior to WTO accession.
8-4-2016 Newshound Guru Kaperoni Their are many forces that are not predictable that influence Iraq. Politicians, corruption, other countries, etc. Timeframes can never be given with any precise accuracy for that reason. The good news is despite many delays, the plan and urgency remains...not for us, but for the Iraqi people someday. Let it come to us!
8-4-2016 Newshound Guru Adam Montana [What happened to the info, we will see international currency first half of 2016? all we keep hearing /seeing are laws and more laws that have to be developed /passed.] I don't think "more and more laws" need to be passed - just one. HCL. Everything else is small potatoes.
8-4-2016 Intel Guru Hub one of my old contacts was a currency broker from NYC, he always liked thursdays for currency value changes.
8-4-2016 Newshound Guru Kaperoni [Does Parliament need/have to pass the much needed legislation prior to any move to e-dinar?] Monetary policy is managed by the CBI. They should not need parliament to pass any legislation.
8-4-2016 Newshound Guru firefly Article quote: "The Central Bank called for registration of the Iraqi dinar in the currency market..." Like I said on Monday, I'm expecting some huge news mid-week! And...IMO...this is just the beginning. The news will never put out a real timeframe BUT ...WATCH THE EVENTS UNFOLD!
8-4-2016 Newshound Guru Adam Montana [...is there a part of any i.m.f. or world bank contract or translations, that tells central bank of Iraq, that when they go electronic banking there must be a value to the dinar...?] As much as I wish there were some kind of entity that could force the CBI to put a specific value on the dinar, I don't believe anyone can force the CBI to do anything. Yes, there are influences and they will play nice with what other financial entities want, because the end goal is to be an internationally traded currency with a respectable value! But nobody can "force" the CBI to do anything. That's a good thing, though, because just like they can't be forced to raise the value... they can't be forced NOT to raise the value.
8-4-2016 Newshound Guru Kaperoni [What, if any, laws are needed before Iraq can move to Article VIII?] I am not aware of any laws persay that need to be passed, only restrictions that exist in monetary policy that conflict with the guidelines of Article VIII under the IMF. Once they are in compliance, I would expect the CBI and IMF will be working to transition. Under the IMF guidelines, central banks have to strive for Article VIII. [To do this move, would the CBI have to remove all of the exchange restrictions?] Yes. Article VIII is the ideal situation for Iraq which benefits them when it comes to international acceptance and convertibility. Keep in mind, Article VIII and currency reform are two separate issues. I believe the CBI will begin to reform the dinar via float and delete the zeros before Article VIII.
8-4-2016 Newshound Guru Millionday Article quote: "Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions..." CBI HAS GIVEN ALL BANKS UNTIL SEPT -- 4 WEEKS AWAY TO CHANGE TO ELECTRONIC BANKING...BANK WIRING ETC... WHOOOPOW.
8-3-2016 Newshound Guru Kaperoni [Will Iraq have to get control of the MCP for the 90 days prior to a move in the dinar's status?] It is my understanding that the CBI will have to maintain the 2% spread for 90 days in order to get the green light from the IMF to move to Article VIII. [If the currency is listed on Forex, doesn't that mean the dinar is now in Article VIII?] Interesting question. I do not know if their is a direct relationship between participation in Forex and IMF Article VIII. IMO, moving to Forex is more than just floating the dinar, it would provide the alternative they need to the daily auctions. Keep in mind, the CBI can float their currency at anytime without Article VIII.
8-3-2016 Newshound Guru tlm724 Articles: "Alusi demanding the president to dissolve parliament and form an emergency government" "Nassif: Defense Minister to offer me a million dollars in exchange for the postponement of questioning for a week" Quote: "I ask you and I ask all those responsible and sensible to dissolve parliament and to move the government of emergency and early elections." hmm could get ugly...that interrogation of Obeidi has stirred the pot big time. Nassif has accused him of trying to bribe her with a million dollars to delay the questioning.
8-3-2016 Newshound Guru Adam Montana One thing we should all know about how a dramatic increase in the value of the dinar will work is that nobody in Iraq (or anywhere else for that matter!) will go into a bank or currency exchange with dinar and then walk out with buckets or wheelbarrows full of another currency. That's not how it works! We will either have to deposit it into their account, wire it to another account via their bank, or perhaps we will get a cashiers check. Iraq faced a major problem 10 years ago that would have single-handedly prevented the RV, even if it weren't for the broken GOI and everything else: Technology. Iraq did not have the technology to do a mass conversion of their currency. I am referring not only to the lack of technology in their paper currency itself, which made it easy to counterfeit, but also the technology in how their banks talk to each other, share funds, or even participate in the auctions...before ~2009 the ISX was basically done on chalkboards! ...but this is no longer the case. Check this out: "The central bank plans to activate the electronic systems to minimize the cash trading process" ...we are nearing the end of this ride. SO MANY things are now out of the way, the path forward is clearing up faster than a lot of people can believe, and we will see a rise in the value! [post 3 of 3]
8-3-2016 Newshound Guru Adam Montana 3. The news is showing more and more that Iraq is pushing to get control of ISIS. ...I've even heard a few comments about how ISIS must be "completely destroyed" before an RV, but that's just not true. ISIS influence on the stability of Iraq is dwindling. 4. In a continuing effort to bring Iraq as a nation closer together, we see more and more instances of the Kurds getting a larger share of the money. If you think back a couple years, you'll remember that the biggest obstacle to the HCL has always been lack of cooperation from the Kurds, and for good reason. They were getting screwed! Since Abadi has taken the wheel, that has changed. We are closer than ever to an HCL. It WILL happen. I saved what may be the best for last... [post 2 of 3....stay tuned]
8-3-2016 Newshound Guru Adam Montana Here's something I almost never do... a DATE! (Sort of.) Ready? September MAYBE, October I REALLY like. I could be wrong - August is not completely ruled out in my book, but after doing these updates for so many years, and studying Iraq and other countries like a hawk for an even longer time... I think I have a good "feel" for the status. ...these first 2 are the bad points. 1. It's been my experience (and history/news/Google will back this up with facts) that after Ramadan, they (Iraq) either have things lined up and ready to reach a milestone...or they don't. Let's face it, nothing major came after this most recent Ramadan. It doesn't concern me about an "eventual" increase in the IQD, but I'm not going to expect it this week. 2. Remember what I was saying about "watch the oil" for the HCL to grow legs? Oil dipped again. Where it was once on the way back to a respectable $60ish range, it has dropped back down below $40 again. Oil will go back up, and the HCL will get moving again, but I doubt August is our month. Now let's talk about some positive stuff... [post 1 of 3....stay tuned]
8-3-2016 Newshound Guru Millionday CBI IS EXPECTING THE E-CURRENCY TO BE COMPLETED IN 2017 FOR ON-LINE PURCHASING... THIS IS VERY SOON TO EXPECT E-CURRENCY DINAR IN THE POSITION THEY ARE RIGHT NOW -- SO THIS IS GREAT NEWS – IMO. [do You think e-currency dinar going live in 2017 will have any impact on the expected revaluation of the dinar in the near future of 2016?] IMO FOR THE EXPECTATION TO BE IN 2017 FOR THE E-CURRENCY -- AND THIS IS PART OF THE ECONOMIC REFORM...OBVIOUSLY THE SECOND PART WILL BE COMPLETE IN 2017 MEANING IT IS THE LAST PART -- WE STILL DO NOT KNOW WHEN THE FIRST PART WILL BE COMPLETE. [post 2 of 2]
8-3-2016 Newshound Guru Millionday Article quote: "...the introduction of the electronic currency trading and cash deal... the Governor of the Central Bank announced the date of the implementation of the program during 2017."
E-CURRENCY OF THE DINAR...FIRST WHAT IS E-CURRENCY? "a type of currency in electronic form that is designed especially for paying for goods and services bought on the internet: E-Currency allows the purchase of internet goods and services at lightning speed and most importantly with a high level of security." SO I THINK WE CAN AGREE THAT TO GO GLOBAL INTO THE MARKET THESE DAYS OF TECHNICAL ADVANCEMENT... IT IS NOT OUT OF THE QUESTION TO EXPECT THIS SITUATION IN IRAQ TO REQUIRE A FORM OF E-CURRENCY TO DO TRADE ON-LINE WITH THE GLOBE. IT ALSO IMO AND MANY OTHERS IS VERY IMPORTANT TO HAVE COMPLETED THE GLOBAL PRICING CALCULATION /EQUATION --- OBVIOUSLY. [post 1 of 2....stay tuned]
8-3-2016 Newshound Guru rcookie Article: "Dinar on raising the money supply in the size of banks" Quote: "Currency market and called on the central bank to the registration of the Iraqi dinar in the foreign exchange market..." HUGE INFORMATION IN HERE...HUGE! CBI TO REGISTER IRAQI DINAR ON FOREIGN EXCHANGE MARKET! FORM A JOINT STOCK COMPANY FOR THE MANAGEMENT OF ELECTRONIC TRADING & ISSUING SMART CARDS ESPECIALLY DUE TO THE SHORTAGE OF CERTAIN NOTES LIKE THE 25K RESULTING FROM SMUGGLING...THEY ARE CITING THE SUCCESSFUL PROGRAM TEMPLATE OF THE KUWAITIS... TOWARD THIS MATTER!
8-3-2016 Intel Guru Bruce Redemption centers are quiet. They are on blackout. Some that we know of, so probably all are ready for notifications. We believe that all are on an any moment basis. We heard this from many sources. We are not calling it, we are just telling you to the best of our ability that this is what we have been told that this is where we are. I'm excited, but I'm cautious about making you all too excited. I've been affected by this over 12 years. I'm frustrated as well. But we are all in the same boat. We will all receive the blessing together. We all go at the same time. Rates - my position has always been not to put out rates...rates could change up or down, at any moment.
8-3-2016 Newshound Guru Bondlady Article: "Dollar rises again .. specialists are demanding the central bank to clarify the reason for the low value of the dinar" ...people are still sitting on their dinars, the CBI needs the majority of those dinars back, if the people won't do it on their own, I wonder if the prices aren't being manipulated, making things cost more money by making the dinar even less attractive and causing them to use more dinars for there purchases... end result would be the same just not as quick imo.
8-2-2016 Newshound Guru rcookie ...PARLIAMENTS CONTINUATION OF OBEIDIS CLOSED DOOR QUESTIONING SESSION IS OFF UNTIL NEXT TUESDAY THE 9TH...MANY WERE IN THE OBEIDI CLOSED DOOR SESSION...THE HOLDUP IS THE UNDERPINNINGS OF ADDRESSING CORRUPTION AND ESTABLISHING INSTITUTIONAL STABILITY THROUGHOUT IRAQ...INCLUDING...SECURITY... LEGISLATIVE...JUDICIAL AND ECONOMIC...
8-2-2016 Newshound Guru Kaperoni Article: "Dinar on raising the money supply in the size of banks" Quote: "...called on the central bank to the registration of the Iraqi dinar in the foreign exchange market,..." Bingo! For those who don't know...the foreign exchange market is Forex. So they are ask the CBI to list the Dinar on the Forex for trading. Which is exactly what we want...time to float the dinar and let the world market set the value.
8-2-2016 Intel Guru ADMINBILL HERE IS WHERE I THINK WE ARE AT 1:40PM MDT TUESDAY AFTERNOON. I BELIEVE WE ARE IN THE PROCESS WHICH INCORPORATES THE CURRENCY AND THE BONDS. I BELIEVE THAT THE BOND TRANSACTIONS ARE WHAT HAS BEEN HOLDING THE PROCESS UP BUT THAT IS A DONE DEAL NOW. I BELIEVE THAT THE CURRENCY MUST PRECEDE THE BONDS TO SUPPORT BOND REDEMPTION OR, AT THE VERY LEAST, GO AT THE SAME TIME. I DO NOT BELIEVE THE BONDS CAN PRECEDE THE CURRENCY. I FURTHER BELIEVE THAT WE MUST BE NEAR WITH THE CURRENT PUBLIC BOND DISCUSSIONS...MY OPINION ONLY.
8-2-2016 Newshound Guru Shredd Article: "Dollar rises again .. specialists are demanding the central bank to clarify the reason for the low value of the dinar" With the money supply reducing and the economic growth trending, along with laws continually being implemented and the demand for Iraq's oil as well as the continued support from her allies during the recent fluctuation in oil prices, there needs to be a growing urgency for the dinar to more closely represent it's true value.
8-2-2016 Newshound Guru firefly Reuters Article quote: "Ahli United Bank (AUB), Bahrain's largest lender, has raised its stake in Commercial Bank of Iraq to 64.71 percent, according to a stock exchange statement. AUB purchased a 10 percent stake in Commercial Bank of Iraq..." Reuters!!! AUB purchased 25 billion additional shares in the bank. It did not mention the price AUB paid for the shares. In addition to Iraq, AUB has a presence in Kuwait, Egypt, Libya, Oman and Britain.
8-2-2016 Intel Guru ADMINBILL ...WE ARE STILL IN THE TIME FRAME THAT PUTS US INTO WEDNESDAY IF NOT TODAY.
8-2-2016 Newshound Guru rcookie Article: "Defense Minister accused of involvement in corruption-Jubouri" ABADI IS KNEE DEEP IN COMMITTEE TO INVESTIGATE CORRUPTION IN ARMS DEALS AND CONTRACTS... Quote: "...the parliament session yesterday that saw the questioning of the Minister of Defense was an important turning point in the history of the Iraqi Council of Representatives for being strengthened oversight role of the legislative authority." SO...THE MERE FACT THAT A MAJOR ACTOR LIKE OBEIDI WAS BROUGHT TO PARLIAMENT YESTERDAY TO FACE QUESTIONING ...UNDERSCORES AND STRENGTHENS THE COUNCIL OF REPRESENTATIVES OVERSIGHT ROLE OF THE LEGISLATIVE BODY...JUST GETTING THEIR MINDS RIGHT AS TO THE CHAIN OF COMMAND...NEW AREA OF TRANSPARENCY... ACCOUNTABILITY TOWARD TACKLING CORRUPTION REGARDLESS OF POSITION OR TITLE...
8-2-2016 Newshound Guru mike Article: "House of Representatives questioned the Minister of Defense , headed by Vice President Sheikh Mohammed Iaram" ...the political circus is still going strong. They got rid of the Interior Minister and now they're going after the Sunni Defense Minister who's throwing shade at Jabouri, the Sunni Speaker of the House. If they keep up, there won't be anyone left in Parliament to throw shoes at. The other thing...Parliament's out until August 9th, another week off after they just got back from vacation.
8-2-2016 Newshound Guru firefly Rasheed bank stated they cannot issue Mastercards without the deletion of the zeros...
8-2-2016 Newshound Guru rcookie Article: "CBI gives, government banks until next September, to adapt itself to electronic systems" CBI ISSUES STATEMENT GIVING BANKS UNTIL SEPTEMBER TO ADAPT & IMPLEMENT ELECTRONIC TRADING SYSTEMS TO ADDRESS CASH CIRCULATION PROBLEMS (LIQUIDITY)...
8-1-2016 Newshound Guru mike Article: "Iraq's oil exports rise 3.2 million barrels in July" 3.2 mbpd multiplied by roughly $40 bucks a barrel gets Iraq a skosh over $3.8 billion a month in earnings...they're not even making enough to make payroll. Add in the war on ISIL, infrastructure expenses and a bunch of other stuff and these guys aren't in a good place financially.
8-1-2016 Newshound Guru firefly Expecting a lot of forward movement! Things are moving along quite nicely.
8-1-2016 Intel Guru Frank26 [I've got this feeling deep down inside that August will be truly a start for new beginnings.] IMO...August can be looked as a New Beginning BUT...Sept/Oct will show You an evidence of Your Faith.
8-1-2016 Newshound Guru Shredd Article: "Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions..." [the deposit law is done and has been Gazetted?] had to be for this move. as the credit rating improves, banking laws implemented and ease of transactions, we are seeing big steps being taken these last few years to get Iraq on par with participating in the lending/borrowing investment economic process. Steps forward not steps backwards...and with the deposit law, good stuff!
8-1-2016 Newshound Guru tlm724 Loving the news outta Iraq! Article: "Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions..." love a time schedule...The central bank gives the government banks until September to adapt itself to the electronic systems. ...take advantage of 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems...get those dinars in the bank! only 10 % of the population is using the electronic system right now but not for long! this is going to bring in trillions of dinars off the streets which is exactly what we want! stability is ongoing as well, all the things needed to make the transition and delete the zero's!
8-1-2016 Intel Guru Blondie Has the trigger for exchange notifications been pulled as of right now? No. As always, we don't know the date or time. But all indications are that we continue to be inching towards that date and time in very short order - as of this moment. There is no information indicative of an unplanned interruption in the process at this time. I remain highly encouraged and optimistic.
8-1-2016 Newshound Guru firefly Article: "Parliamentary Finance is discussing with the new managers of the banks to maintain liquidity" Quote: "Parliamentary Finance Committee discussed with the new bank directors, maintaining Iraq's cash flow from waste, as well as discuss the Banking Act." as well as discuss the Banking Act. Quote: "These meetings aim to walk according to the draft reforms as well as for the organization of Iraqi banks and prevent manipulation." the draft reforms...REFORMS!!! ...expect some great news this week. I'm looking for some huge items mid week. ALWAYS follow the money. They could talk economic reforms all they want but... What can you do at 1166?
8-1-2016 Newshound Guru Kaperoni Article: "Economy and investment parliamentary host the five Iraqi banks managers" Quote: "The committee of economy and investment parliamentary five banks managers in Iraq today hosted to discuss the reality of the banking business..." Good to see the banks and CBI in the news. Like we have said many times, there is no market economy until their is a banking system in Iraq. And these last few days they seem to be more focused on activating it. The good news is that activating the banking system means a change in monetary policy and currency reform. So progress is happening ever so slowly...it's coming.
8-1-2016 Newshound Guru tlm724 This will open them up internationally, reduce corruption and eliminate red tape. There won't be much need for the currency traders either. Also it will stop much of the currency counterfeiting! This will reduce and eventually eliminate the need for the dollar as the program gets into full swing. This opens the door for the deletion of the 3 zero's!! This is everything "currency reform" the epitome of the plan! The stars are lining up. [post 2 of 2]
8-1-2016 Newshound Guru tlm724 We saw Ernst & Young taking control of the state banks and they indicated it will take 125 working days max to do what needs to be done. Which should be somewhere around November for completion. The timing is no coincidence I am sure. Back in June the Cabinet approved the launch of electronic applications for the 6 trillion dinar stimulus loans, even the Integrity Commission is electronic now. So the announcement from the CBI is saying they preparing the infrastructure and facilities for E-dinar, getting everything ready for the end of the year or the beginning of 2017. Tis a beautiful thing! [post 1 of 2....stay tuned]
8-1-2016 Newshound Guru Bondlady Article quote: "...Select the central bank governor on the Keywords, Saturday, 2017 as the date for the launch of the electronic currency through the mail or e-dinar cards..." This a well thought out plan and it obviously has the IMF written all over it...a well thought out plan to move the country forward with each step analyzed and implemented at the appropriate time! We have learned how Iraq has been setting up the smart card and getting the facilities ready in many of the provinces with the goal of having it in ALL of the provinces...this will bring in much of the dinar off the streets which we know is necessary to the currency reform plan.
7-31-2016 Newshound/Intel Guru Flashing The fact that a country has gold, oil and other precious minerals is not enough to have a currency appreciation. It needs among other things the development of sound financial, fiscal and operating policies and procedures. It is a simple as this: you may have a have a million dollars today and next month- nothing… because you didn’t establish a budget to control your expenditures. So the appreciation of a currency is a complex and slow process. That’s why it has taken so many years. With that said, I am not calling the rv, but I am highly expectant any time now because if Iraq wants to show a high increase in their q3 export figure and a positive trade balance as forecasted, they need to do something asap. [post 2 of 2]
7-31-2016 Newshound/Intel Guru Flashing I have been quiet for long time seeing how people have become discouraged and frustrated. There is no banker holding up the rv, there is no Obama, Hillary, Bush, or Trump hold up. The rv is not being held up until the elections. These are stories we have heard for years and they do not justify predictions that have come and gone. Now is the time to be encouraged and alert. Iraq has been doing a lot of things that call for an appreciation on their currency (rv). There is a big increase in exports expected during q3 with a slight increase in imports. Just this is enough to expect a currency appreciation along with the policies and procedures they have already approved and implemented. [post 1 of 2....stay tuned]
7-31-2016 Newshound/Intel Guru BGG ...I don't put alot of confidence in the comments by Alak in this recent article...Alak's job has been in question for 6 months or a year... AND - they are talking more and more - especially over the last 2 weeks. (about removing him).
7-31-2016 Newshound Guru tlm724 Article: "Basra council: the completion of the project port of Faw will solve major economic problems in the province" Article quote: "...the Chairman of Basra Provincial Council, Sabah al-Bazoni, that Basra must be seen Basra as Economic Capital of Iraq.” And so it appears Basra is on it's way and so like a shining beacon of hope for Iraq!
7-31-2016 Newshound Guru Brietling The Vietnamese currency is in play, BUT the best numbers I can guess is they are going to up 2 cents that’s about it. Timeframe no body knows. But it is in play because of what China’s done…they don’t have to compete. And basically President Obama went to Vietnam to hammer the nails in the coffin of China and basically said you don’t have to worry about competing with them we’re going to do business with you regardless of what the rate is. So that’s kind of like a green light for them to add value to their currency.
7-31-2016 Intel Guru ADMINBILL I DO NOT SEE THIS GOING PAST WEDNESDAY.
7-30-2016 Newshound Guru Kaperoni Article: "The central bank reveals the date of launch electronic currency" I don't want to get people overly excited but this is very good news. The CBI has always stated that one of the reasons for deleting the zeros was to get rid of the zeros because it makes it difficult in calculations and errors can occur. I cannot see the CBI going to electronic dinar without removing the zeros first. Otherwise, it seems that they would only be creating a bigger issue than they already have. Keep fingers crossed.
7-30-2016 Intel Guru ADMINBILL WE ALL KNOW THE SITUATION MAY CHANGE ON A DIME SO BE PREPARED FOR WHATEVER HAPPENS THIS WEEKEND INTO NEXT WEEK. THE NEWS TODAY IS INCREASINGLY GOOD... I LOOK AT THIS WEEKEND AS PRIME TIME. AS SUCH I HAVE ISSUED AN OFFICIAL ...RV BOLO. BOLO = BE ON THE LOOKOUT. NO PROMISE OF AN RV TODAY BUT WE COULD BE IN THE MOMENT. THE NEWS IS GOOD AND CONTINUES TO BE GOOD. WE ARE INCHING THAT MUCH CLOSER.
7-30-2016 Newshound Guru mike Article: "What does it mean to float the currency?" They could move off the peg if they could satisfy the demand for the dollar, but they'd have to go back to selling $200 plus million a day. The standby letters of credit is a fantasy for Iraq, I just don't see how they can do it. Pass the long overdue banking and economic laws, empower the open market economy and then move the currency to Article VIII. In the end, there are no shortcuts to the currency.
7-30-2016 Newshound Guru Breitling ...if you look back on the information we’ve had, the most that Iraq has had, the note count was around 9 billion notes. that was the most they ever had. And that 9 billion represented 30 Trillion in dinar. One denomination is worth 25K dinar, 10K etc. but it only added up to 30 Trillion and they’ve reduced it since then. It’s a major mistake people make when they read the M1, M2, M3 any of these reports from any country it’s basically how much cash do you have in your pocket. How much do you have in your bank account. How much do you have in assets. And then they combine them together. [Post 2 of 2]
7-30-2016 Newshound/Intel Guru BGG they may well have a spot for Iraq "at the EU table". [are you saying they could somehow be a part of the EU?] Looks like the EU is trying... could be a BOON to them... in the long run. [...if they do then would it be Euros instead of Dinar?] ...It'll be Dinars... the sovereign currency of the land. [And why if everyone else is having so much trouble with the Euro's would it be good for them?] because - literally... Iraq is at the bottom of the barrel... they are GROSSLY undervalued...they need a seat at the table - anywhere in the world. the EU would not be bad...and it is - kind of a natural fit... they are close...they could trade with them easily...lots of advantages. [...that would certainly be an interesting dynamic with the an arab nation sitting at the table with all of the euros!] I bet they are BEGGING for a moderate Arab nation - with some real wealth potential... at the table.
7-30-2016 Intel Guru Frank26 Last week they...announced they were going to launch the income tax to the citizens of Iraq...the Finance Minister said...wink... wink...we are going to have to start charging you guys income tax...I think his winks meant the citizens are about to get some money...so they can handle this tax...these are wonderful indicators...
7-29-2016 Newshound Guru Millionday Article quotes: "...be of the world 's largest economic centers because it will become a commercial hub industrially important in the nearest point between the poles of the world." "...pointing out that international companies aware of this fact and considering the continuous reality of work in Iraq and how to have a foothold investment introduced in this country which is one of the most important countries in the world economically..." I HAVE BEEN SAYING FOR A LONG TIME ALONG WITH MANY OTHERS...THAT IRAQ WAS GOING TO BE A GREAT TRADE HUB...ONE OF THE MOST IMPORTANT COUNTRIES IN THE WORLD ECONOMICALLY -- WHOOOPOW.
7-29-2016 Intel Guru Delta URGENT FROM IRAQI TV: MINISTRY OF YOUTH CALLING ATHLETES TO RECEIVE A MASTER CARD ON 08/02. Quote: "Tuesday approved the second of next August, to receive a MasterCard card." IT'S VERY INTERESTING, I REMEMBER A WHILE BACK A GM AT RAFIDAIN BANK STATING THAT "THEY CAN'T ACTIVATE MASTER CARD UNTIL CBI LIFT THE ZEROS."
7-29-2016 Newshound Guru tlm724 Article quote: "...the governor of Basra Majed Nasraoui said the port of Faw will give 10 times as much as give it the rest of the Iraqi ports." It is intended that Basra would be Economic Capital of Iraq and it certainly appears they are achieving just that...
7-29-2016 Newshound Guru rcookie Article: "BASRA GOVERNOR NASRAOUI ASSERTS PORT OF FAW WILL YIELD 10 TIMES VOLUME OF EXISTING 5 PORTS AND A 3RD PORT TO SERVICE WITH SAUDI ARABIA TO OPEN SOON..." 10 TIMES VOLUME OF EXISTING PORTS...WHICH ARE THEMSELVES BREAKING AND SETTING NEW RECORDS EVERY MONTH...AND REMEMBER THIS PROJECT WILL CREATE MORE NON OIL REVENUES TO GDP THAN THE ENTIRE OIL SECTOR AS WELL AS PROVIDE MORE JOBS THAN ENTIRE OIL SECTOR...
7-29-2016 Intel Guru ADMINBILL ...THERE HAS BEEN NO CHANGE IN MY OPINION SINCE LATE LAST NIGHT. [Could the markets close in a memorable way today?] I AM LOOKING FOR A "I DON'T CARE WHAT DAY OR TIME OF DAY" END OF EVENT.
7-29-2016 Newshound tlm724 [Guru] BondLady has always said 1. The Kurds need Baghdad more than Baghdad needs the Kurds and 2. that the Kurds fudged their population numbers to get more money from the budget and without an accurate census who could dispute what they said? But the good news is that on Saturday July 30th parliament has the census law on the agenda: "Thirteenth: report and discuss the draft census law. (Committee on Economy and Investment). (23 articles)." We don't expect a swift resolution to Article 140 and the disputed areas or the borders, the Constitution has to be amended and they must reach an agreement, a mutual consent among everyone. There is a reading of the borders law in parliament on the 30th as well: "Second: the vote on the draft of border crossings into law."
7-29-2016 Newshound Guru rcookie Article: "Salem: Abadi and blocs failed to reach a final conclusion on the bench names of ministers" THERE WERE REPORTS THIS WAS GOING TO BE FINALIZED IN TOMORROWS SESSION...
7-29-2016 Newshound Guru firefly ...You can have a monetary reform without an ECONOMIC reform ... BUT ...You cannot have an Economic reform without a currency shift...An Economic reform requires what? FUNDS. [so either way we win! Yes?] I haven't heard otherwise...It's a much bigger picture than most realize [or could they start the reforms and stop or draw them out?] Once it started there is no turning back...because of the process and the order of events. So as we can see there is MUCH happening even as we speak. GREAT things are happening folks, just hold a tad longer. Again I ask before I leave the room ... What happened in those 2 days that convinced the IMF to release a portion of the funds! [reference Guru firefly post 7-28-2016]
7-29-2016 Newshound Guru Breitling …78 Billion…One of the major confusions of what the “lopsters” had…I’ve always talked about to look at the note count. The numbers out there from the last report are 4 billion and we know they’ve reduced it. People don’t realize that the 78 billion is their entire reserve. That’s NOT the note count…What it’s stating is that all the gold reserves…Foreign currency…All the assets equals up to 78 billion. So it’s not a reflection of the note count at all. They can pump up that reserve number…actually it’s gone down. It was at 81 billion. They had to dip into the reserve a little bit cause of the oil prices. People don’t realize they can add gold and it has NO reflection on the currency count. They can add foreign currency like the US dollar (exactly what they’ve been doing) without changing the note count. [Post 1 of 2]
7-29-2016 Intel Guru Frank26 [Anymore news on Vietnam?] I believe the dong and many other currencies are in that long line that we talked about...or are actually up in the front of that line...so I think the dong is ready the way the Iraqi dinar is ready...but I don’t know the date or the rate for it...I also believe that many other currencies are ready...I don’t know the date or the rate...that is my opinion based on my studies.
7-29-2016 Newshound Guru mike Article: "House of Representatives vote on the bills and the decision to cancel the tax deduction" Looks like the tax deal is going to be an issue, Parliament wants it repealed. I think it's a lot for the people to bear but it's one of the stipulations the IMF required for the $5.3 billion dollar loan. I guess we'll have to wait and see how this turns out.
7-29-2016 Intel Guru Delta I LIKE TO REFRESH YOUR MEMORY! Article: "World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar" Quotes: "It's an important step was waiting for Iraq to raise the value of the dinar." "lifted the value of the Iraqi dinar should be a priority " SO THE VALUE SHOULD GO FIRST BEFORE RASHEED AND RAFIDAIN BANK GO INTERNATIONAL.
7-28-2016 Intel/Newshound Guru Backdoc WE HAVE MORE THAN ADEQUATE ARTICLES EXPLAINING THAT IRAQ WILL BE DIGITAL AND OF COURSE WE ALREADY KNOW THEY ARE ASSET BACKED. EVERY DINAR IS 25% GOLD BACKED. THAT SAID I WILL LOOK FOR AND WHEN IT WILL BE POSSIBLE FOR THEM TO DISPLAY TO THE WORLD THIS ASSET-BACKED DIGITAL REALITY CURRENCY. ASKING ABOUT HOW THE RATE IS AFFECTED IS TOO SENSITIVE FOR ME TO TALK ABOUT. TIME WILL SHOW WHAT IS TO COME.
7-28-2016 Newshound Guru firefly Let's see, 2 thursdays ago the IMF told Iraq they won't receive a red penny until they start the reform process. 2 days later they received a portion of the funds? So my question to the room is...What happened in those 2 days that convinced the IMF to start the loan process... IMO...We may know very shortly.
7-28-2016 Newshound Guru rcookie Article quote: "RASHEED & RAFIDAIN SIGN CONTRACT WITH ERNST YOUNG AS CONSULTANT FOR APPLICATION OF UNIVERSAL BANKING SYSTEM TO BE APPLIED IN THE 2 BANKS INCLUDING PROMOTING FINANCING & INVESTMENT ACTIVITIES IN AGRICULTURAL & INDUSTRIAL SECTORS & TO BE COMPLETED WITHIN 125 DAYS UNDER AUSPICE OF MOF..." SO THE UNIVERSAL BANKING SYSTEM WORLD BANK HAS BEEN WORKING WITH IRAQ ...SINCE 2006 IN MEASURES TO RESTRUCTURE AND PRIVATIZE SOB'S...AND WITH IN INK TIMETABLE!...MARK YOUR CALENDARS
7-28-2016 Newshound Guru Mountainman Article quotes: "Vietnam’s VietJet on Monday agreed a firm order of 100 Boeing 737 MAX 200 jets worth $11.3 billion at list prices, making it one of Southeast Asia’s fastest-growing low-cost carriers." "Vietnam Airlines ordered 19 Boeing 787 and 14 Airbus A350 planes and 11 of those have been delivered." VIETNAM is So FULL of their NEW VALUE of REALITY...THESE are SIGNS of FUEL for these JETS and VIETNAM'S FUTURE GROWTH...INDEED...IMO.
7-28-2016 Intel Guru ADMINBILL ...THE INFORMATION FLOWING IN LATE INTO THE NIGHT WAS ALL POSITIVE. I LOOK FOR ANOTHER DAY OF EXCITEMENT AS WE, HOPEFULLY, ARE AT THE END.
7-28-2016 Intel/Newshound Guru Backdoc [ I don't see the correlation between IEX and IQD...] IEX HAS BEEN OPERATING SUCCESSFULLY FOR OVER A YEAR ALREADY BUT HASN'T BEEN AVAILABLE TO THE PRIVATE SECTOR. THIS MEANS COUNTRIES ARE USING IT CLEARLY. ON SEPTEMBER 2ND A NEW DIGITAL REALITY WILL OPEN UP TO COMPANIES AND INDIVIDUALS TO FINALLY GO DIGITAL...IMO. ASSET -BACKED CURRENCIES WILL BE TRADED ON PLATFORMS LIKE THE IEX AND WILL RUN ON THE CHINESE CIPS SYSTEM WHICH WILL EVENTUALLY REPLACE THE SWIFT SYTEM. TRADES WILL CLEAR WITHIN A MAXIMUM 3 MINUTES AS TO OPPOSED TO THE SWIFT SYSTEM WHICH TAKES 3 TO 10 DAYS. JUST BECAUSE THE IEX LAUNCHES ON SEPT. 2ND DOESN'T MEAN WE WILL SEE A RATE ON IT AT THIS POINT! WHAT WE DO KNOW IS THAT IRAQ IS ASSET-BACKED AND THEY HAVE TALKED ABOUT GOING DIGITAL IN MANY ARTICLES! IMO.
7-28-2016 Newshound Guru Millionday Article quote: "...the global economy, pointing to the need to speed up the transfer of the charts for two to the reality of an actual achieves the highest degree of economic viability of Iraq..." note -- due to the much needed GLOBAL IMPACT THEY ARE TOLD TO HURRY UP THE REALITY OF THE HIGHEST DEGREE OF --- ECONOMIC VIABILITY... IRAQ IS AT A PIVOTAL STAGE...WHOOOPOW.
7-28-2016 Newshound Guru Mountainman Article quote: "In June, the U.S. Securities and Exchange Commission approved IEX’s request to run a stock market with a 350-microsecond delay to orders -- a speed bump." Well here We Have it...This NEW PLATFORM will be the NEW KID On the "BLOCK of CHEESE"...except...IT is the "CHEESE FACTORY"...for {ALL} COUNTRIES Including IRAQ...No ONE can be A Part of the {NEW GLOBAL REALITY} w/Out Being in this "NEW SYSTEM"...and..."IT" will handle CURRENCIES as Well...NEW ONES w/VALUE that is...and this is (WHY) It is FASTER and has MORE BRAKES to Slow the STAMPEDE of ELEPHANTS that Will TRAMPLE Over to it at the "SPEED of LIGHT"...IMO... Yes, INDEED...New Beginnings...for A STAMPEDE SEPTEMBER 2, 2016...and BEYOND.
7-28-2016 Newshound Guru mike "$ 2 billion in grants to the Iraqi people from Western countries" ...so far all I've seen are government solutions to Iraq's economic problems. 6 trillion dinar economic stimulus, bonds and loans are all socialist solutions. Throwing money at the problem won't fix it. Enforce corruption laws, open up the economy with banking and economic legislation and empower the people's currency, right now it's a good ole boys network where only the rich get richer. Giving these guys $2 billion dollars doesn't fix the problem, it just encourages bad behavior and decision making. ...the time for real action and political will is now, no more excuses. IMO.
7-28-2016 Newshound Guru rcookie Article: "HEAD OF ECONOMIC & INVESTMENT COMMISSION BOLANI CALLS FOR PARL TO FORM COMMITTEE FOR SPEED UP THE COMPLETION OF PORT OF FAW..." YOU THINK THESE FOLKS ARENT AWARE OF ALL THOSE ANALYTICS...AND THE POTENTIAL OF THIS MASSIVE PROJECT...AND REMEMBER THIS WILL BE OFFERED AS A PROVICIAL SECTOR PLAY ON ISX...[Can foreigners invest in ISX - particularly Port of Faw in the future?] YES... [post 2 of 2]
7-28-2016 Newshound Guru rcookie Article: "TRANSPORT MINISTER ABTAN ANNOUNCES MINISTRY READY TO OPEN THE DOOR TO INVESTMENT FOR THE PORT OF FAW PROJECT WITH 14 RESPONANTS FROM INT’L COMPANIES INVITED..." THIS BY FAR IS THE STORY OF THE DAY...THE BIGGEST DEVELOPMENT PROJECT IN ENTIRE COUNTRY...THE ARTICLES TODAY CALLED FAW...GLOBAL TRADING CENTER... INTERNATIONAL ECONOMIC CITY...AND 1 OF THE WORLDS LARGEST ECONOMIC CENTERS! THE WORKSHOP WITH...33 COMPANIES WAS TODAY...THE PROJECTED LAUNCH IS EARLY 2017. [post 1 of 2....stay tuned]
7-28-2016 Newshound Guru Millionday AUTOMATION OF BANKING IS ATM AND OF COURSE WIRING AND OF COURSE ---INTERNATIONAL ACCEPTANCE WITH BANKING IMO. SO THE ENTIRE TRANSITION WILL BE COMPLETED WITHIN 4 MONTHS -- THAT IS HUGE SO AS THEY WORK OF COURSE THE MONIES WILL HAVE TO HAVE IMO -- DISCLAIMER -- A VALUE -- ANYTIME YOU BUY ANYTHING YOU NEED TO KNOW THE ENTIRE VALUE -- NOT JUST GUESS WORK...WE ARE TALKING EARNEST AND YOUNG -- STAKEHOLDERS MUST BE INFORMED SO THINK ABOUT THE AMOUNT OF RISK OF FUNDS AND VALUES OUT THERE WITH ALL OF THE EMPLOYEES ETC AS WELL – THIS IS A GLOBAL EVENT AND IMPACT IMO AND ALSO WILL BE HUGE TO MANY EMPLOYEES -- AND THE ELECTRONIC BANKING WORLD -- WITH IRAQ SITTING RIGHT IN THE MIDDLE -- WHOOOPOW. [post 2 of 2]
7-28-2016 Newshound Guru Millionday Article quote: "Signed bank Rafidain and Rasheed, a contract with an international company for the acquisition of the banking system overall." THEY HAVE SIGNED A CONTRACT WHICH MAKES IT ACTIVE AND RAFIDIAN AND RASHEED ARE NOW INTERNATIONAL AND INTERNATIONALLY OWNED BANKS -- THIS IS HUGE...GLOBALLY AND FOR IRAQ AND AS A SHOW OF HOW CLOSE THE REFORMS WOULD HAVE TO BE --- WHOOOPOW. [post 1 of 2....stay tuned]
7-28-2016 Newshound Guru Kaperoni Article: "What does it mean to float the currency?" The IMF wants the CBI to be in Article VIII. Holding the peg, getting in compliance demonstrates they know what they are doing. You need to realize that the IMF wants to see proof before they will grant the keys to the global banking system. The sooner the CBI does this by getting in compliance by reducing the spread, eliminating all conditions that remain, the sooner they can accept Article VIII and open the banking system. This is what we want.
7-27-2016 Newshound Guru mike Article: "What does it mean to float the currency?" Quote: "Floating currency is to make this exchange currency rate editor in full, so that the government or the central bank does not intervene in determined directly. But it is automatically excreted in the currency market by supply and demand mechanism that allows for the identification of the national currency exchange rate against foreign currencies." ...there are many who want the dinar to float, before they accept Article VIII and fix the currency. If they unpegged now, the rate would almost certainly drop to 1400-$1 or so and make things considerably cheaper for the government. Fortunately, the IMF has told them not to unpeg, the currency needs the relative stability the peg provides. While it's not the answer to the MCP, it does help.
7-27-2016 Newshound Guru rcookie Article quote: "The Iraqi sources had confirmed for "new Arab", the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission." THAT COULD MEAN CURTAINS FOR ALAK... MAHMOUD AND THE HEAD OF ELECTORAL COMMISSION...NOW.....ONE COULD MAKE AN ARGUMENT THAT MOVES OF THIS MAGNITUDE TO HIGH PROFILE ACTORS MIGHT BE THE ANTITHESIS TO ACHIEVING STABILITY AND CONFIDENCE...
7-27-2016 Intel Guru Bruce We know that there has been some progress moving through internationally with the currencies... At this point in a waiting point. I am very excited that we made it, and we are almost home. I am feeling really good. It is coming together. WE are excited. A lot of information to give us we are secure in this and it is moving along nicely. I look forward to the timing being whatever it is. WE are at the point that we are waiting for it patiently. We know it is close.
7-27-2016 Intel Guru Bluwolf THE G20 meeting favors the GCR and RV's...Iraq’s currency will be circulating by the first week of next month. It's curator has now been returned to finish the financial job ( Dr.Sabbibi). No more American interventions in Iraq...Everything else that is expected is running forward smoothly. It will be completed very shortly.
7-27-2016 Intel Guru Frank26 Think about it...why would the IMF ask Iraq to launch the Economic Reforms... because the IMF has taken Iraq to the point of being ready to do this...as quickly as possible...September 2nd is really interesting...and to me September 9th is really interesting...not as a date or a rate...but...something big... a change is coming...this change is good for the citizens and they know it... [post 2 of 2]
7-27-2016 Intel Guru Frank26 The new technocrats...Abadi likes them...the Holy Men like them...the citizens like them...you are going to like them...these guys can’t be bought...they represent equal representation...these technocrats are taking responsibility of the reforms...they aren’t wasting time...it does seem like they are wasting it...but they are not...they have to...claim their own victory in Mosul in order to bring further unity into the citizens...This unification is the glue...it is the coming together of the citizens with everything around them...mainly the GOI and the CBI and the Holy Men... Quote: ”Issues of Unification of Forex Rates and Money Laundering Measures Need to be Tackled by the Department...Unification of the Forex Rates is the Number One Priority” ...yes we know that...and the citizens know that too...they know what is happening September 2nd. [post 1 of 2....stay tuned]
7-27-2016 Newshound Guru Breitling ....What if they do put that currency out there and we’re left with nothing? They can’t do that cause you have banks and institutions around the planet that have the Iraq currency. I know Chase bank specifically does. By the way there is NO special banking group that gets to “cash in” and no body else does…hopefully you guys have grown up by now and you don’t believe any of that garbage. There is no such thing. It simply does not exist and it’s never happened that way and never could happen that way. So the scenario is they are going to add value to their currency, exactly like they said they were going to and the currency you and I have. Eventually they are going to retire the notes. (you’ll be able to trade for the new notes for an equivalent amount) It’s that simple. It’s very strange what we’re watching but they’ve explained it thoroughly... [Post 3 of 3]
7-27-2016 Newshound Guru Mountainman We Hear A Lot About IRAQ and Yes, They are a COMPONENT w/in the NEW GLOBAL REALITY...IRAQ is and was Meant to Be the LAST TIMING MECHANISM as it GAVE (Time) to the Other COUNTRIES to IMPLEMENT said IMF Requirements Along the Way... BEGINNING AUGUST 2016, SEPTEMBER 2, 2016 = A NEW VALUE PLATFORM...
7-26-2016 Newshound Guru rcookie [...did Amnesty law get passed yet?] NOT YET...ITS CUED UP AND AWAITING WITH FED COURT..NG...AND EVENTUALLY ACCOUNTABILITY & JUSTICE...
7-26-2016 Intel Guru ADMINBILL THERE IS MUCH HAPPENING TONIGHT THAT MAY LEAD TO THE EVENT SHORTLY.
7-26-2016 Intel Guru Frank26 there are no woes...there are no troubles... there are no miseries...I don’t even want to say delays. Abadi now has a clean slate of many minister’s seats that he is going to fill in...he needs time to do it...September 2nd is huge...there is this new banking root system that is being brought into many countries...many banks...and is going to be connected with Iraq...when...September 2nd...everybody wants to get into Iraq...every country is pounding on the doors trying to get into Iraq...IMO...Iraq is ready to lift the value of their currency...but we need to let the paint dry...they are tying up loose ends. [post 2 of 2]
7-26-2016 Intel Guru Frank26 I’m sorry if your hopes were up that it was going to happen in July or June... I was expecting it to...our studies indicated they were being brought into the international theater...by the IMF, the US, and many other three and two letter agencies...guess what...they are there. Now we still need proof I suppose that is in written form that says they are international...my opinion expresses they are international...As much as you and I were excited about them entering the international world...hey they should raise the value now right...yeah...and I still agree with that 100%...but when you make a decision to go from A to B...please be fair and realize it takes time to go from A to B once you make that decision. Well I believe deep in my heart that Iraq has been brought to the steps that lead them not only into the international world...but leads them into the reason to raise the value of their currency... [post 1 of 2....stay tuned]
7-26-2016 Newshound Guru Breitling …The CBI has always stated specifically for a while that when this starts it would be a two year process and there will be two currencies out and they both will equally gain value and they’ll start retiring the large notes, the ones you and I have, little by little bit and they will come out with a new currency that will replace it. And that’s exactly what they are going to do. How can it be a mystery when these guys tell you exactly what’s going to happen? What’s the worst case scenario for you? [Post 2 of 3]
7-26-2016 Newshound Guru wmawhite [Speaking of supply and demand what is happening to the dinar notes once exchanged for $ ?] first...remember, are you planning on exchanging in Iraq? Of course not...because you will not get the USD...so you will exchange outside of Iraq? Correct? so those IQD notes will be outside of Iraq the CBI will not see them... They become assets of...the US...Canada...UK...France, etc. Remember... banks... central banks...hold foreign currency reserves...they are assets.
7-26-2016 Newshound Guru rcookie "Iraqi parliament session: Parliament will vote on three bills discusses another six today" ...BUSY...BUSY DAY!!
7-26-2016 Newshound Guru Enorrste Article: "What does it mean to float the currency?" Quote: "Floating exchange rates fluctuate constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day." Although Al Jazeera is not an official government source one must ask what would lead them to publish this on their own. They have no motive on their own. Therefore I would conclude that they were asked to do so. The only people I can imagine that would ask Al Jazeera to do this would be either the CBI or the GOI (most likely the former). That being said...this appears very positive.
7-26-2016 Newshound Guru Breitling ...First…There is no reason at all to reduce the note count at all if they are going to pretend they are taking the 3 zeros off any of the notes. Second…There is no such thing as an “in country” revaluation. It’s never happened in the history of all man kind. I haven’t found one example. I can go back 100 years and give you a history of currency competition…and there’s no such thing…it simply doesn’t exist. It’s the most ridiculous thing. A lot of articles are coming out about the polymer currency that they want to do. and this also eliminates the idea that they are going to LOP the currency. There is no reason to come out with a new currency if they are not going to add value to it and if they are going to lop the currency there’s no reason to have a new currency is there? It’s doesn’t make sense. The articles coming out about a new currency are very very good… [Post 1 of 3]
7-26-2016 Newshound Guru wmawhite Article: "Reform plans awaiting allocations and mechanisms of action " Article quotes: "...said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq..." "He added that the provision of the central bank's six trillion five hundred billion dinars amount of investment is designed to achieve the government's plan to restructure Iraq's economy and moving it from rentier economy to a productive economy and give the private sector a key role in achieving this." this says it right here that this is planned and the IMF is part of moving the Iraqi economy into the private sector.
7-26-2016 Intel Guru ADMINBILL LOOKS GOOD FOR THE NEXT 12 TO 24 HOURS ACCORDING TO LATEST INFO. RUMOR OF ABADI APPOINTING SHABIBI AS HEAD IF CBI TOMORROW. RUMOR ONLY. LET'S SEE WHAT THE DAY BRINGS.
7-26-2016 Newshound Guru wmawhite [With the IMF endorsing the peg to the USD, how difficult will it be for Iraq to go to a float? And on that note, how hard would it be for Iraq to control/work with that float?] IMO...Iraq/CBI will not float/free float the IQD. The CBI could/can depegged if they want to in the next minute, if that is what is best.
7-26-2016 Newshound Guru tlm724 Article quote: "...the lack of accountability of the misuse of public money, that will sound when the Council is asked to put his bill by the presidency of the Republic, which is empowered to rigging the Constitution was the text of the Constitution..." yep...the Constitution needs some tweaking, it allows them to run roughshod and manipulate the system to their advantage ie: stealing money. Right now their Constitution reads like a third world comic book...It should have been amended years ago!
7-25-2016 Newshound Guru wmawhite Article: "In addition to targeted institutional organization, it would limit the tax evasion operations will be subject to the tax charge for the fact that records companies reveal in front of the tax authorities, as well as regulators are any corporate solidarity does not assume future tax irregularities from the legal responsibility of being officially registered and licensed." This appears to be huge steps at ensuring that all entities... whether government or private sector are registered and paying their fair taxes. They see the flood gates opening and are ensuring that they are prepared administratively. In other words...if the flood gates of investors were not opening ..why worry about such issues?
7-25-2016 Intel Guru ADMINBILL WE HAVE HAD SOME POTENTIALLY VERY GOOD INFORMATION...AS WELL AS BITS AND PIECES OF NEWS... WE MAY BE LOOKING AT THE 29TH...THAT IS ONLY A RUMOR TO THIS POINT.
7-25-2016 Newshound Guru tlm724 Article: "Abdul-Mahdi: "demographic indicators" serious warning bell" Quote: "He called on the Ministry of Planning and the Central Bureau of Statistics and the various teams, that the statistics-live up to international standards that would solve the many shenanigans. The accuracy and integrity of information is the first ingredient for success in any policy or plan." they really do need an accurate census BUT that is almost impossible with millions displaced etc... Barzani has always claimed more people then there are in Kurdistan just to increase his share of revenue and payments for false military personnel etc... he'll fight the census when it does happen because it's always about the money honey...
7-25-2016 Newshound Guru rcookie Article quote: "MP GHURARI ASERTS THE ABSENCE OF POLITICAL AGREEMENT HAS LED TO THE DISRUPTION OF IMPORTANT LEGISLATION AND NATIONAL LAWS DESCRIBED AS GATEWAY TO IRAQS STABILITY INCLUDING HCL, FED COURT AND AMNESTY LAW BECAUSE OF PREOCCUPATION WITH MILITARY AND SECURITY FOCUS AND MAY BE PUSHED TO NEXT SESSION…" AGAIN SPEAKS TO IMMEDIACY AND PRIORITY...THE IMPORTANT PART IS THEY ARE CUED AND AWAITING ADDRESSMENT...
7-25-2016 Intel Guru ADMINBILL [new guru] WHAT A SCREWBALL WEEK THIS HAS BEEN. UP DOWN, UP DOWN. SO WHERE ARE WE...? IN MY OPINION WE MAY BE IN THE WEEK...THE PROBLEM WE HAVE IS THAT WE CANNOT GET THE TRUTH FROM ANY NEWS SOURCE THESE DAYS WHICH MAKES IT VERY DIFFICULT FOR THOSE THAT HAVE NOT KEPT UP WITH THE DAILY DRAMA IN DINARVILLE. I SAY WE ARE NEAR THE END...WITHOUT THE GCR/RV THE SITUATION IS THAT GRAVE.
7-25-2016 Newshound Guru rcookie Article quote: "ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION" SO...THE ASHUR BANK ISX LAUNCH TOMORROW [MONDAY]...
7-25-2016 Newshound Guru rcookie Article: "Reform plans awaiting allocations and mechanisms of action" Quote: "said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq for the years 2016-2020 aimed at reform and private sector development requires identifying ways and procedures and the allocation of the necessary funds for their implementation..." THE TITLE BLOWS THE MIND...AND THE STATEMENT SOURCE BEING ALNASIRI ISNT TO SHABBY AS WELL...THE ATTAINMENT OF THIS GOAL WILL ACHIEVE 2 THINGS...1ST A SWITCH TO A PRODUCTIVE ECONOMY...AND 2ND IS SOCIAL AS AS YOUNG GRADUATED GO DIRECTLY INTO JOB MARKET WHICH WILL BE TRACKED THROUGH THE IMPLEMENTATION OF ELECTRONIC FORM AND APPLICATION PROCESS WHICH BY THE WAY WILL LEAD TO PURER..RAW..ACCURATE, TRANSPARENT AND TIMELY ECONOMIC FIELD DATA THE IMF, WB, AND WTO HAVE CALLED FOR AND TRAINED IRAQ ON THROUGH METAC WORKSHOP PARTICIPATION...WOW...THAT REPORT WAS AWESOME!
8-15-2016 Newshound Guru rcookie Urgent: judiciary issued an arrest warrant on the security and defense ministry officer and secretary general of military intelligence and the son of Khaled al-Obeidi...! Quote: "An informed source said on Sunday that the judiciary issued arrest warrants against memorandums of people at the Ministry of Defense based on the confessions of the accused, who directed the minister to the media in accordance with Article 243." WOW! OBEIDIS SON AND DEFENSE MINISTRY OFFICIALS ARRESTED...
8-15-2016 Intel Guru SteveI Article: "Iraq is heading toward financial stability" Quote: "Najib confirmed that «laid plans by the government economic initiatives, very good and entered the implementation phase, there are small, medium and large size of more than six trillion projects Iraqi dinars, which will generate revenues and stimulate the economy in the near future »and showed the MP that the economic crisis in the country needs time to end it because of Iraq is unable to diversify its economy and sources of the budget, especially as the security situation in the implementation of economic plans and expansion by the advent of international companies to invest in Iraq." I really like this paragraph...Just think of the potential of the outside investors and when the current value of their currency increases, the power of these economic initiatives will have on the global economy. I am very impressed and very pleased to be reading this type of news.
8-15-2016 Intel Guru Frank26 ...it's all good...But this week keeps us in a Limbo...Still waiting for Mosul.
8-15-2016 Newshound Guru mike I've always read that the WTO wants Iraq to: "He said the main duties of the task force are reducing the difference of value between Iraqi Dinar and US dollar and activating Iraq's private sector." ...the dollar to dinar difference right now is about 100,000%, there's a big space available to raise the value of the dinar without it having to be 1-1...the WTO isn't saying the dinar has to be close to a dollar, it's saying that Iraq needs to close the gap a little, like a nickel, dime or quarter rise, not the full dollar amount.
8-15-2016 Newshound Guru tlm724 Article: "The Iraqi government signed on Thursday a memorandum of understanding with the United Nations requires the involvement of international investigators in the files, "grand corruption" For months, Iraqis organize demonstrations in the capital Baghdad and the southern provinces, demanding the formation of a government of technocrats, and an end to political wrangling in Parliament, and to provide the corrupt to justice... hopefully this will help calm the people a lil.
8-15-2016 Intel Guru SteveI There is just too much going on in the back ground to support this happening that I am extremely encouraged. There are a few things going on within the ISX that if our team can really confirm, then that alone would put the icing on the cake for me. I believe that once Mosul is under control we are going to see some very happy days.
8-14-2016 Newshound Guru rcookie Article quote: "Revealed Badr parliamentary bloc, on Saturday, on the nomination of Qasim al - Araji , an official for the post of interior minister, noting that the cabinet reshuffle will be presented to a vote next Monday." Article: "Adeeb: National Alliance blocs will meet tomorrow to decide the general amnesty law" IRAQ IS GONNA GET THEIR VOTE ON FOR MONDAY...BOTH LAWS GETTING REQUISITE COMMITTEE REVIEWS TOMORROW [SUNDAY]...AND PARLIAMENT FOR VOTE MONDAY...
8-14-2016 Newshound Guru tlm724 Article quote: "the Governor of the Central Bank, to "the absence of fiscal policy in Iraq," and stressed that it is managed on the everyday problems and social pressures and not drawn for the future ", and was charged with the institutions' work for political interests disability monetary policy in the country" "that "the economic reform process in Iraq is still at the beginning of the first stage" And how many years have you been the governor of the CBI? Look I'm not saying he is a miracle worker and we know he has to have support, laws and stability...but really? The CBI is an independent body and I don't accept his performance thus far! He has done very little to correct the policy and if it weren't for the IMF pulling the strings behind the scenes we wouldn't see new policy's written and implemented! The good news is that the policy is being changed...
8-14-2016 Newshound/Intel Guru BGG [On a scale of 1 to 10, how excited are you about UN intervention into Iraq corruption files?] 9 - it's why things are moving so fast.
8-14-2016 Newshound Guru rcookie THERE ARE INDEPENDENT POLITICAL BLOCS MAKING LAST DITCH EFFORTS TO OBSTRUCT THE GENERAL AMNESTY LAW SAYING THAT THE PASSAGE WILL RELEASE MANY TERRORISTS BACK INTO THE COMMUNITIES ...JABOURI STATES THE LAW WILL BE VOTED ON IN MONDAY'S SESSION.
8-14-2016 Newshound Guru mike [IMO, if the plan is on target, we are watching the CBI now get ready for the initial increase in value... Reference Guru Kaperoni post 8-13-2016 ] I'm hoping the plan is on target, but it sure seems like a tall order in a very short period of time. In just a little over five months we're hoping that Iraq will get rid of the exchange restrictions, get the spread down from 1287 - $1 to something less than 1205 - $1 and the dinar's in Article VIII, right? ...I don't see a way for the dinar to rise unless it's internationally recognized, other countries have to trust it before they'll accept it, right? Without the ability to purchase imports with the dinar, I don't see how they can get the value to .10, they'll need that to create demand over the dollar. So, that begs the question, will they start at 1182 or will they start at a nickel and go from there? For sure, we're going to have to see these guys move at speeds yet unseen to realize the goal of 50, 100 and 200 dinar notes in early 2017, here's hoping they do it.
8-14-2016 Newshound/Intel Guru BGG [i really do not see this going more then few more weeks not month ... Next month will be something.] I know a few very good sources that feel before the end of the year is not unrealistic.
8-14-2016 Newshound Guru Aggiedad77 Article: "Iraq surpassed the most dangerous phase of the financial crisis" this article IMO is HUGE...HUGE...it's telling us that not only has Iraq passed the financial crisis... HUGE... but they have done so in a SUCCESSFUL way...again HUGE...plus they are SCREAMING at us about the world's growing CONFIDENCE in Iraq...once more...HUGE...This has the ring of financial reform to it from top to bottom...Rasheed and Rafadain Banks stepping up to offer loans...loans that will bring providing a productive economy through the transformative process that will allow for multi-resource production programs...It is this kind of kick start to the economic reforms that will help Iraq get a running start at other revenue sources besides oil...HUGE... HUGE...it's being orchestrated right before our eyes....HUGE...IMO of course.
8-13-2016 Newshound/Intel Guru BGG [ I am trying to figure out if there will be a float or managed float of the dinar...?] I don't know about float - but certainly "positioning" to do something... and that is EXCITING.
8-13-2016 Newshound Guru Kaperoni Article: "Central Bank: the issuance of three categories of cash in 2017" IMO, if the plan is on target, we are watching the CBI now get ready for the initial increase in value which will allow the 50, 100, 200 to begin circulation at the beginning of 2017. Which as I have already stated, means the dinar needs to rise to about 5 or 10 cents. They will not release these notes until the value is appropriate for the notes to warrant circulation. So we are seeing the banking system now being prepared by laws, compliance with the IMF etc.. The next several months will be very busy I would expect in the media.
8-13-2016 Newshound Guru tlm724 Article: "Parliamentary Finance: Iraq has not yet threat to the economic crisis beyond the stage" Quote: "...that Iraq is dealing with the International Monetary Fund and World Bank, it is not up to the bankruptcy or the brink of collapse..." no way the IMF/WB will let them fall, they have too much time and money invested in Iraq...the Iraqi reserves level now stands at 53 billion dollars...
8-13-2016 Newshound Guru Kaperoni Article: "Zain launches electronic payment solutions and prepared the first time in Iraq" Quote: "...first electronic payment means in Iraq will contribute to the expansion of e-commerce areas and will have a similar effect to the effect of "PayPal" on e-commerce in the United States or the impact of credit cards on the global economy." This IMO is all part of the plan to make the dinar a competitor in foreign currency. Lining up to open the banking system.
8-13-2016 Newshound/Intel Guru BGG ...the General Amnesty Law...our researchers tell us the 1st draft will be in Parliament over the weekend... NOT DONE OR VOTED ON!! [the gen amensty law may be voted on next week?] That appears to be correct. ...they will work over this draft, read it a couple of times and go from there. It appears close. [what happen to make them move so fast now?] Easy - IMF, WB, UN - M-O-N-E-Y!!
8-13-2016 Intel Guru Frank26 ...in the early parts of this year...sometime around the first quarter...a lot of things were done...in fact the BIS, the WB...they signed off on Iraq...in fact the year before the IMF told Iraq...you’ve got the green light to lift the value of your currency...remember that...Back in that first quarter...Iraq became Basil III compliant...if you are Basil III compliant... then there is no Article 8...Article 8 has been lifted...we are not really looking for anymore intel on the Monetary Reform...we are waiting for them to give us Mosul...Iraq is Basil III compliant...that is why it is such an easy thing for them to say they want to be 1 to 1 with the American dollar...they are about to liberate Mosul...and the Monetary Reform will travel at the speed of light...when they see the ascension of Iraq into the WTO...then it will make a lot of sense to you to have the American dollar and the Iraqi dinar at 1 to 1...and it will make much more sense when Dr. Shabibi will say that he wanted to raise the value of their currency at the beginning or middle of the year...and you consider that October 1st is the beginning of the fiscal year that they will now be joining IMO.
8-13-2016 Newshound Guru tlm724 Article: "There is already an agreement introduced the law to vote at the meeting on Saturday." Quote: "all the points of contention about the amnesty law has been resolved once and for all and the law is ready for presentation to a vote." perfect! this revised law will allow those guilty to be prosecuted ! No matter their status!
8-13-2016 Newshound Guru rcookie Article: "Speaker of Parliament: the inclusion of a general amnesty in a session Saturday for a vote" JUST LIKE WE REPORTED...THE GENERAL AMNESTY LAW ON DISPLAY ...IN PARLIAMENT WITH ALL CONTENTIOUS ARTICLES REMEDIED...AND REPORTED VOTE OVER WEEKEND OR MONDAY...HERE THEY ARE REPORTING SATURDAY.
8-12-2016 Intel Guru ADMINBILL Let's see what the day or weekend brings. SORTING OUT INFO WHICH IS VERY SPARSE AS IT HAS BEEN. FROM WHAT I AM HEARING THERE IS A CONSIDERABLE EXCITEMENT AND A STRONG DESIRE TO SEE THIS THROUGH AS SOON AS HUMANLY POSSIBLE.
8-12-2016 Newshound Guru tlm724 Article: "Parliamentary Integrity: the use of international investigators for the state's inability to curb corruption in the country" investigators and judges in Iraq lack experience in uncovering cases of corruption that has penetrated in all state institutions...the corruption runs so deep, it's just too big for Iraq to handle! this is a great thing! Get the corrupt outta there...
8-12-2016 Newshound Guru Mountainman With the G20 SUMMIT = Sept 4 - 5 = Riding the COAT TAILS of the IEX LAUNCH September 2...Do You SEE the ORCHESTRATION of TIMING of these EVENTS...?
8-12-2016 Newshound Guru mike Article: "Central facilitates the process of getting on the dollar" It feels like Iraq is doing just enough to satisfy the IMF so the loan money can continue to trickle in. I think that once Abadi is serious about monetary reform, he'll change the existing leadership at the CBI and really begin the process of improving the economy and the currency. The IMF and Iraq told us in February that Iraq would join the world's economy by June and that date has come and gone. I hope I'm wrong but until I see concrete changes instead of committee's, I'll remain skeptical.
8-12-2016 Intel Guru Bruce LETS GO BACK TO AMNESTY LAW, WE THOUGH IT WAS PASSED MONTHS AGO BUT IT WAS NOT...WE UNDERSTAND... LAST NIGHT...LAW HAS BEEN PASSED...AND IT WAS IN THE PAPER...THIS IS AN IMPORTANT STEP. WE HEARD OF IRAQ STOCK EXCHANGE TO BE OPENED AND TRANSITION TO TRADING FOR ISX...WE UNDERSTAND THEY WERE TOLD TO WAIT FOR THE WEEKEND. THIS WOULD BE AN INDICATOR OR A PRECURSOR WITH INTERNATIONAL RATE TIED TO THAT. WE COULD BE SEEING SOMETHING QUITE SOON NOW ACCORDING TO TIME FRAME AGREED TO A FEW WKS AGO. EVEN YESTERDAY WE WERE THINKING WE WOULD HAVE THIS BY NOW.
8-12-2016 Intel Guru Frank26 [i picked up on the fact that you stressed the fact iraq wanted 1 to 1 rate in country and that it would be different outside the country...might they all ready have a one to one rate in country but won't release it till they liberate mosul and officially go international?] There is no new rate on the CBI website right now...When there is...Their goal is to be 1 to 1 with the USD. That is the completion of the RI of the IQD MR inside Iraq...For in this arena a dinar is a dinar forever. Then we take the IQD on an RV international ride of a higher rate per country currency...Outside of Iraq. None of this UNTIL they give You Mosul. So to answer You...No.
8-12-2016 Newshound Guru rcookie Article: "International centers qualifying local trainers global efficiency" ...HERE AGAIN IS IRAQ TAKING DIRECT MEASURES TO ADDRESS ITS GLOBAL POSITIONING IN THE STANDARDS OF THE BANKING SECTORS BY ESTABLISHING PROVINCIAL TRAINING CENTERS TO IMPROVE HUMAN COMPETENCIES AND PERFORMANCE WITHIN THE BANKING SECTOR...THINK ABOUT THE MESSAGE THIS SENDS TO THE INTERNATIONAL COMMUNITY TOWARD IRAQ'S SERIOUSNESS AND APPROACH TO MEETING AND EXCEEDING GLOBAL STANDARDS...CONFIDENCE AND STABILITY...
8-12-2016 Newshound Guru Kaperoni Article: "Central facilitates the process of getting on the dollar" "Quote: "...central bank confirmed his quest to facilitate the real beneficiaries for the dollar and prevent irregularities in private banks and money transfer..." facilitate the real beneficiaries - in other words to eliminate corruption or misuse of the dollar. This is pertaining to the daily dollar auctions. Quote: "...the need for the commitment of companies and banks mentioned rules and standards to meet their applications to buy dollars for the benefit of their customers (remittances, credit, cash) which includes comply with the requirements and standards of international compliance..." what we are seeing is the CBI attempting to follow that directive...the recent SBA from the IMF...which calls out the spread and foreign exchange restrictions preventing Iraq from Article VIII (and international convertibility). This is good news they are trying, and we will see over the next few months if they are successful.
8-11-2016 Newshound Guru firefly Article: "Land Bank: Stop temporarily transactions for scrutiny and liquidity available to us" Quote: "Abbas added , "we need a period of scrutiny and the provision of liquidity appropriate and make sure from custody and construction operations ", noting that" the money is there and to reassure citizens in this regard. " Sure the heck sounds like Basel 3 compliancy to me. Basel 3 requires all banks world wide to have appropriate assets to cover and protect our deposits. BIS = Basel 3.
8-11-2016 Intel Guru SteveI Article: "Oil companies comes to agreement with Iraq for resuming investment" Quote: "Iraq has reached an agreement with the major oil companies like British Petroleum, Shell and Lukoil to restart stalled investment in oil fields that the companies are developing and allowing projects that were stopped this year." Wow, this is very encouraging news. It is slowly coming together.
8-11-2016 Newshound Guru firefly IMO amnesty along with the other laws is completed and awaiting implementation.
8-11-2016 Intel Guru Frank26 Article: "Abadi Heading Towards the Third Phase of the Process of Liberation of Mosul”…" ...it is the first time that Abadi comes out and he says...hey we are headed towards the third phase of the process of the liberation of Mosul...now the fact that Abadi tells you this...in my strong opinion...it is because they have in fact liberated Mosul...and remember what we said….the moment they give you Mosul...IMO this month of August sometime in the second to third week...then the financial reforms will travel at the speed of light... Monetary Reform will travel very quickly into the month of September IMO...the WTO is taking...Iraq on a fast track for membership…
8-11-2016 Newshound Guru rcookie Article: "Iraq signed a memorandum of understanding with the United Nations to follow up the files of corruption under the supervision of international investigators" WOW!...TALK ABOUT CHANGING A CULTURE AND BUILDING A NEW NATIONAL BRAND...HERE IS IRAQ SIGNING A MoU WITH UN TO HAVE INTERNATIONAL INVESTIGATORS SUPERVISE IRAQS INTERNAL HANDLING OF CORRUPTION INVESTIGATION AND PROSECUTION FILES AND GIVE PRIORITY IN COOPERATION WITH SUPREME JUDICIAL COUNCIL...THIS KIND OF MOVE INVITES TRANSPARENCY TO ELIMINATING CORRUPTION SYSTEMICALLY...OPEN FOR THE WORLD TO WITNESS...AND THINK ABOUT THE CREDIBILITY AND ACCOUNTABILITY AND MOVE TO REBUILD CONFIDENCE IN IRAQ'S INTEGRITY PEDIGREE TO THE WORLD...AMAZING MOVE!
8-11-2016 Intel/Newshound Guru tman23 Iraq plan was to create domestic market to supply domestic goods to the people and lessen imports for those goods...It is not working out so well and ...Importers in Kurdistan have ceased import operations because of liquidity (NO MONEY IN THE BANKS) to conduct their business...Although the CBI is moving forward...the domestic markets on a scale of 1-10 in advancing over the past year with 10 being good are at 2...it is continual disagreement...POINT BEING...THEY NEED IMPORTS...AND THEY NEED IMPORTERS TO HAVE ACCESS TO FUNDS...THIS IS THE SINK OR SWIM...CAN'T AFFORD TO FLOAT...
8-11-2016 Newshound Guru firefly Article: "The central bank sets standards to meet the purchase of foreign currency by banks" Quote: "...stressed institutions from banks and money transfer will be classified into several categories according to the evaluation results that may be obtained and Stalpi applications category that you get a reputation Supreme continuously and at rates higher than the foreign currency..." "...and at rates higher than the foreign currency..." If this doesn't get you excited you are literally pushing up daisies!
8-11-2016 Intel Guru ADMINBILL WE ARE SO NEAR I CAN TASTE IT. YES, IT IS REAL. YES, YOU WILL BE BLESSED. YES, YOUR LIFE IS ABOUT TO CHANGE. ...THE EVENT MAY NOT TAKE PLACE UNTIL SEPTEMBER... I NEVER DISCOUNT THE TIMING. IT WILL HAPPEN WHEN IT HAPPENS. ON THE OTHER HAND I DO NOT THINK IT WILL TAKE QUITE THAT LONG.
8-11-2016 Newshound Guru firefly Article: "Norway’s contributions to stabilization efforts in Iraq reach $10.7 million" So Norway decided to join the party...? Why are so many countries helping Iraq? Never happened before to this extent. IMO it's all about timing! [They want a stable ME.] IMO, Iraq is as stable as is needed.
8-11-2016 Newshound Guru Kaperoni Article: "Dozens demonstrate in front of my family bank in central Baghdad to demand their money and threatening to sit" Though it sounds bad, it is very good news! The CBI is starting to feel the pressure of the citizens and if they want to turn this around, they need to begin now. IMO they are two years behind schedule. That means, currency reform, laws, etc. to make the citizens trust and want to use the banks and dinar. Chin up everyone, the second half of 2016 is going to be full of banking news!
8-11-2016 Newshound Guru Bondlady Article: "Land Bank: Stop temporarily transactions for scrutiny and liquidity available to us" Quote: "we need a period of scrutiny and the provision of liquidity appropriate and make sure from custody and construction operations ", noting that" the money is there and to reassure citizens in this regard." imo...the cbi will have to do something... to show the people there money is safe an they can retrieve it very soon...this type of news will spread quickly...don't trust...OR ...trust...I think they'll fix it and make a production out of it to show the people its ok to bring ur dinar in an let them safe guard it...imo.
8-10-2016 Newshound Guru Kaperoni From CBI -To / all licensed banks and financial companies approved the conversion of all ( to meet the criteria for the purchase of foreign currency ). Looks to me the CBI is making an effort to meet the IMF requirement to liberalize the foreign exchange. More good news...compliance! ...I see the CBI taking steps to meet the conditions stated in the IMF Stand by Agreement. Of course the sooner the CBI meets them, the sooner they can move to Article VIII!
8-10-2016 Intel Guru Bruce ...you know we don’t call it. We don’t call dates and rates...but we do know when it’s getting close. I’m telling you from what everybody that I’ve talked to, every piece of Intel, every text that’s come in has point to the “I” word; imminent...And so that’s what, that’s where we are right now...
8-10-2016 Intel Guru ADMINBILL YESTERDAY...WAS A GOOD DAY FOR INFORMATION. IT IS POSSIBLE WE ARE ON THE BRINK OF GOOD TIMES. THAT IS NOT A PROMISE IT IS SIMPLY AN OBSERVATION BASED UPON THE INFORMATION I HAVE BEEN PROVIDED.
8-10-2016 Newshound Guru Adam Montana [HCL, the law of all laws, the one we are waiting to be passed...do you think since it is one of the, or the most important law to be passed it must come after all others.] IMO we don't have to see ALL of the laws passed before the HCL is completed. We will see SOME related action prior to the actual HCL, but they certainly don't have to hold off completely until all the lights to town are green. I expect to see 3 or 4 very directly related actions taken, most likely in Parliament, and then the HCL will get done and we'll see a major change in the exchange rate and a flurry of other actions.
8-10-2016 Newshound Guru Mountainman Article: "Vietnam Offers Some of the Most Exciting Investing Opportunities" YES...VIETNAM and It's ECONOMY is A POWERFUL FORCE to Be RECKONED With... Very Soon VIETNAM and Others Will See their Respective Countries and their ECONOMIES/CURRENCIES {Rise} to their TRUE VALUES and NEW LIFE will Be BREATHED Into A Dismal Inept Reality of the Citizens of these Countries w/NEW Found Purchasing Power...VIETNAM, Who will and has Been Exploding As "THE SECOND FASTEST GROWING ECONOMY" Since 1990...
8-10-2016 Intel Guru Dr. Clarke They have way too much positive, growth oriented movement, going on in VN on the table and have had for the past year...and it’s getting better and better...as you know, they or anyone else, is not going to come right out directly and tell you If or When, they intend to raise a rate, on ANY currency. YES, we’ve been looking for VN to start raising their rate since earlier in the year, because we've been over there PHYSICALLY, and Know people living there and in the U.S., both personal and business - AND because there wasn’t anything tangible holding them back - and there still isn’t - totally different situation than Iraq, with ISIS having been at ground zero. The IMF has Publicly given them their blessing, and that’s what’s needed - as with Iraq, getting their blessing as well, 3 weeks ago publicly.
8-10-2016 Intel Guru Bruce ...we understand there will be a new rate tied to the Dinar a so called international rate. I understand that that rate is on its way up from, uh I don’t usually do rates but let’s talk about this one because it’s in conjunction with the Iraqi stock exchange, but I’ve heard a rate over $5. That could be the international rate for Iraq so if that occurs that’s a really, really a good sign. It may occur in conjunction with us starting. It may occur before hand or it may start in conjunction like a shotgun start. Either way it will be fine. I just thought it was interesting that the Iraqi stock is exchange is going to be so big right off the bat. That’s going to be a big market. [post 2 of 2]
8-10-2016 Intel Guru Bruce This is really, really coming down to the final countdown. What we are hearing about Iraq is the Iraqi stock exchange, the ISX, is just about ready to go internationally. Now we’ve heard about this in the past months ago, but to our knowledge it never did go international, at least not with a new rate. And we are about ready to receive that news. We know people that have clients that are ready to do trades immediately on the exchange as soon as it opens for that international trading. We know that there are approximately 3.2 million trades on deck to be entered and processed right off the bat on day one. That’s a lot of trades. We know that the volume of those trades should be over $1.9 trillion dollars. Actually we’ve heard more trades have come up in addition to the 3.2 million that are ready to start. [post 1 of 2....stay tuned]
8-10-2016 Newshound Guru rcookie Article: "Parliamentary Legal apply to the presidency of the parliament to display the general amnesty law Thursday" [...there are those that say the passing of the Amnesty law will bring us $1.00. Do you believe this to be so?] NO...I DONT DO DATES AND RATES...BUT THE GENERAL AMNESTY LAW IS NECESSARY AND IMPORTANT ON MANY FRONTS INCLUDING NATIONAL RECONCILIATION AND INT'L CREDIBILITY, CONFIDENCE AND STABILITY OF IRAQS LEGISLATIVE & JUDICIAL INSTITUTIONS...INSTITUTIONAL STABILITY... [WITH THE AMNESTY LAWS DO YOU THINK THE OBSTRUCTIONIST WILL MOVE OUT OF THE WAY AND GET THINGS GOING?] YES I DO...I THINK IT WILL IMPACT THE ENTIRE LANDSCAPE TOWARD THAT END...IMHO.
8-10-2016 Newshound Guru Kaperoni Article: "Economist: the need to work with international standards of banking sector reform" Quotes: "reform of the banking sector with the support of the Central Bank and to take decisive and quick decisions to correct all the negative tracks" "accompanied by the adoption of new financial monetary policy lead to comprehensive reform" We are about to see banking reforms full speed ahead. And be assured, currency reform is part of even though it is not mentioned.
8-10-2016 Intel Guru Dr. Clarke [...are we still in the same time frame as to oct 1 back wall date?] According to what we know at this point, Oct. 1, and the last week of SEPTEMBER is the target date for the “Go” funding process to EVERYONE, because of several factors...
8-10-2016 Newshound Guru tlm724 Article quote: "We are a group of lawyers decided to respond by forming a body to be headquartered in Baghdad and will have branches in all the Iraqi provinces and will have activities and relations with international organizations and will exercise all the means that make us a reason to retrieve the stolen money from the country." "...will have branches in all the Iraqi provinces"...perfect! "...and will have activities and relations with international organizations..." who do you think got this pushed through? well I'll tell you it's got IMF & WB written all over it!
8-9-2016 Newshound Guru rcookie CABINET HELD ITS REGULAR SESSION TODAY CHAIRED BY ABADI. 1ST DEPUTY SPEAKER ALI PRESIDED OVER PARLIAMENT SESSION TODAY IN PRESENCE OF 237 DEPUTIES...
8-9-2016 Intel Guru Dr. Clarke Iraq is Finalizing. Take it Day by Day, be MORE Patient, and watch it all unfold. There are some MEGA surprises coming in the next few weeks...your money is coming. It won't disappoint.
8-9-2016 Newshound Guru rcookie BEEN WAITING FOR THIS...ITS A BIGGIE!! Article: "Parliamentary Legal apply to the presidency of the parliament to display the general amnesty law Thursday" SO ACCOUNTABILITY & JUSTICE LAW AND AMNESTY LAW WITHIN 2 WEEKS OF EACH OTHER...BOULYAAAAAH!
8-9-2016 Newshound Guru firefly Article: "Moody's" Islamic classified for private sector development at "Aa3" outlook stable" Quote: "Iraq News - directly: identified and Moody's credit rating agency, in a report, thecredit rating of the Islamic Corporation for the Development of the private sector at the level of "Aa3", with a stable outlook." AA3? [weren't they at a lower level not to long ago?] B- I believe. Can't argue with Moodys !
8-9-2016 Newshound Guru rcookie JUST IMAGINE WHAT THEIR ECONOMIC AND FINANCIAL DATA IS GOING TO LOOK LIKE WHEN THEY ARE GETTING STATIC REPORTING AND CONTRIBUTION FROM ALL PROVINCES AND ECONOMIC SECTORS...EXACTLY WHAT THE IMF...WB...AND WTO HAVE BEEN ASKING FROM THEM... [post 2 of 2]
8-9-2016 Newshound Guru rcookie Article quote: "the Bank launched a special economic and statistical data statistical site, containing the base solid and accurate data for the most important financial and economic sectors indicators of sectors" of monetary, financial, real, and foreign trade. " BOULYAAAAAAAH! [That news is something you have been looking for a while now. Yes?] YES...THIS IS IN DIRECT RESPONSE TO THAT ISX WORKSHOP ON GLOBAL DATA BROADCAST OF ISX PERFORMANCE AND INDICES...NOT TO MENTION FURTHERING THEIR ECONOMIC DATA ACURACY, TRANSPARENCY AND CONSISTANCY... [post 1 of 2....stay tuned]
8-9-2016 Intel Guru Dr. Clarke "Central Bank of Vietnam Sets Key Monetary Policies by Year End" Quote: "Regarding the forex market, the SBV will continue to keep foreign exchange reserves at a high level and flexibly adjust the exchange rate in line with the market movements" Folks, they're going to start moving the rate upwards soon. They MAY begin a significant move upward, as early as Aug. 26-28th. We feel though, that some further movements will occur in September, but even greater movement through last week of Oct. 24th, and the highest peak rates, by the last week of November. Vietnam has a completely different agenda, plan and time schedule than Iraq - and it's tied to the movement of the Chinese Yuan. No matter how you slice it, or when you exchange, Everyone Wins! They're waiting for the official last "Go" from the bosses...but, it's already been decided...
8-9-2016 Guest Guru DAZ AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET... THEY WILL JUST AS SIMPLY.... "TURN THE MONEY BACK ON". IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT...AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION. HANG IN THERE...WE'RE READY WHEN THEY'RE READY. [post 2 of 2]
8-9-2016 Guest Guru DAZ IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY. IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY... IN ITS OWN RIGHT. THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY. DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE...A COALITION OF NATIONS "TURNED OFF THE MONEY (DINAR)" AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004. THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD. [post 1 of 2....stay tuned]
8-9-2016 Newshound Guru rcookie Article: "Urgent .. parliament voted to lift the immunity Saleem al-Jubouri" JABOURI WAS ACQUITED OF ALL OBEIDI CHARGES...AND JABOURI OFFERED TO WAVE IMMUNITY FOR INVESTIGATION...MR OBEIDI GOT SOME SPLAININ TO DO...AN URGENT PARLIAMENT SESSION CALLED FOR THURSDAY...I SMELL AN OBEIDI IMPEACHMENT COMING...OR MAYBE HAS TO DO WITH THIS... "PARLIAMENT RAPPORTEUR YOUKHANNA ANNOUNCES COMPLETION OF LEGAL PROCEEDINGS FOR PARLIAMENT QUESTIONING OF FINANCE MINISTER ZEBARI" I DONT THINK HE WILL BE OFFERING TO WAVE HIS IMMUNITY LIKE JABOURI DID...THEY THINK THEY ARE UNTOUCHABLE AS THEY HAVE BEEN IN THE PAST...
8-9-2016 Intel Guru Frank26 [via Lostnq8] How do you lift article eight. Lift the three zeros. Now countries are rebuilding IRAQ and the reforms. They are getting ready for something. We are now in the second of the two by two by two. Two represents two weeks. Mosul is the second of the two by two by two. So we only have one more two by left. The moment that they give Mosul the monetary reform will go at the speed of light. We will see Mosul by the middle of this month...[IMO]. The major step is the WTO. (World Trade Organization). The WTO is waiting on the (remove?) zeros. Waiting on liberated MOSUL. Be patient. They are just waiting on Iraq. Waiting on Iraq to lift the value of the Dinar...The banking systems in Iraq are...up to date...BUT...It doesn't do them any good at a program rate. The currency value has to be lifted before anything happens. Many agencies signed off on Iraq a long time ago. The WTO is going to do the same. Everyone, CBI etc is saying go. RAISE THE VALUE OF OUR CURRENCY! LOOK FOR MOSUL!
8-8-2016 Newshound Guru Bondlady Article quote: "Mostafa Hashemi under the financial conditions experienced by Iraq, the diversification of natural resources economy represents a convenient option at this stage being a need to maximize the financial returns of its resources in non - oil..." I always thought this should have been done years ago along with the oil and gas...but now is definitely the right time imo, Iraq has just about every richness known to man with in its soil...its rich in everything... and awesome quality as well...get ready, iraqs about to take there place in the world as one of the most hugest economic powerhouses...imo.
8-8-2016 Newshound Guru mike Article: "The terms of a loan of the International Monetary Fund for Iraq .. prejudice to national sovereignty" When you get down to it...Iraq is a sovereign country, they should make their own decisions without coercion. The problem is, they have no political will to make changes on their own, they have to be led by their nose to get anything done. It's embarrassing that the IMF and WB have to step in and right the ship, but at this point, Iraq must be used to others coming in and fixing their problems.
8-8-2016 Newshound/Intel Guru BGG ...they are moving forward at great speed - right now... most are justifiably excited right now.
8-8-2016 Newshound Guru Chattels Parliament will reconvene Tuesday and completed questioning of the Minister of Defense. Otherwise a very unremarkable agenda for Tuesday.
8-8-2016 Newshound Gurus wmawhite and rcookie The Kuwaiti Experience...What does Iraq have in common with what Kuwait experienced. We do know that from the summer going into March of the next year that the Kuwait dinar was off the markets...the banks were closed. We do know that exactly 26 days after the end of the war the banks reopened by instituting a new Kuwait dinar at a value of 50 - 55 cents per dinar and the old Kuwait dinar that anyone may have left the country with fleeing the war at 1 - 1. The Kuwaiti experience is instituting a new currency at an old rate and all of the other banking functions that had to be started back up...credit cards, debt cards etc...that is what they [Iraq] are getting ready to do. They have a brotherly neighbor that is a success story that they are mirroring and look where Kuwait ended up...!
8-8-2016 Intel Guru ADMINBILL ANOTHER WEEKEND HAS COME AND...GONE WITH THE HOPE OF THE ELUSIVE RV AND THE RUMORS AND SPECULATION THAT SURROUNDS THE CONCLUSION...NOT HERE YET ...TODAY HAS BEEN A VERY STRANGE DAY IN DINARLAND. A DAY THAT HAS BEEN REFERRED TO AS "DEAD QUIET" BY SEVERAL CONTACTS. UNDERSTAND THAT THIS HAS BEEN AN INCREDIBLY COMPLEX AND DIFFICULT PROCESS TO COMPLETE...I KNOW MANY...ARE HOPING AND PRAYING FOR THE COMPLETION OF THIS EVENT. DON'T STOP. BE AT PEACE.
8-8-2016 Newshound Guru rcookie Article "Invalid: donor funds will move Iraq development and attract foreign investors" Quote: "Prime Minister's Adviser for Economic Affairs Mohammad Saleh appearance, the donors ' Conference funds represent "a step" to move the development in Iraq and bring stability to post "ISIS", noting that it also represents an opportunity to attract foreign investors." THERES THAT STABILITY WORD AGAIN...AND DIRECTLY ADDRESSES DOUBTERS WHO THEORIZE THAT IF THEY KEEP GETTING LOANS..WILL SLOW DOWN DEVELOPMENT AND REFORM PROCESS...
8-8-2016 Newshound Guru Aggiedad77 Article: "Observer news / Baghdad...private sources: the call for an urgent meeting chaired by President Fuad Masum ,and the presence of al - Abadi, Maliki and al - Jubouri and Najafi Allawi and al -Hakim and other political figures" Big POW-WOW on the horizon...wonder if he tells Maliki his time is up and to stop clowning around...then he looks to Abadi...we got Mosul yet...oh and by the way A...your meetings with Dr. Shabibi...let's get that wrapped up too...we got bigger fish to fry...Parliament is playing right into our hands.
8-7-2016 Newshound Guru rcookie 1ST WE REPORTED LICENSES BEING ISSUED...AND NOW... "Iraq Stock Exchange is preparing to launch investment funds and expert prepared "solution" to the problems of funding and unemployment" BOULAYAAAAAAH! Article quote: "IRAQI STOCK EXCHANGE ANNOUNCED TODAY THE LAUNCH OF INVESTMENT FUNDS AND ADD NEW FINANCIAL INSTRUMENTS FOR TRADING IN COLLABORATION WITH THE CENTRAL BANK AND GIVE THE FUND A PRIORITY AWAY FROM THE COMMITTEE ISSUING LICENSING FROM JULY 17TH IN THE SECURITIES COMMISSION DEPARTMENT OF REGISTRATION OF COMPANIES TO ATTRACT NATIONAL AND FOREIGN SAVINGS & INVESTMENT IN SECURITIES AND ADD TOOLS TO FINANCIAL TRADING..." FOLKS THEY ARE SOOOOOOO READY!
8-7-2016 Newshound Guru Kaperoni Article: "Iraq Stock Exchange is preparing to launch investment funds and expert prepared "solution" to the problems of funding and unemployment" They been talking about this for a couple of years. ISX transactions are in Dinars so until the CBI changes its monetary policy, I do not think it can happen. We shall see. A good thing for sure.
8-7-2016 Newshound Guru rcookie Article: "Real Estate Bank to stop granting loans for "lack of liquidity" VELOCITY EFFICIENCY...OR LACK THEREOF...THE POT IS BOILING OVER!!
8-7-2016 Intel Guru ADMINBILL NO ACTIVE RV AS YET...SOURCES POSITIVE. MUCH IS HAPPENING.
8-7-2016 Newshound Guru wmawhite [Executive order 13303...what is it and what does it mean for us dinar holders?] What is an Executive Order? An Executive Order enables the president to by pass or step around the normal appropriation process the way it is laid out in the constitution and to do things and to use his executive power to carry out certain events and in this case directing funding, primarily humanitarian funding and assistance, through all of the different Federal agencies toward the country of Iraq. And it says because of the emergency and in the last couple of years it's been humanitarian emergencies... Each time it has been signed, I read it over and over and I can't see anything in there that pertains to whether or not...being a sovereign country having it's own currency...as to whether or not it will change it's value or not change it's value. I don't see any impact on it one way or the other. So what is the rumor...has it been signed or not been signed...I don't see a connection between the two.
8-7-2016 Intel Guru ADMINBILL WHILE IT APPEARS THAT RELIABLE INFORMATION HAS TAKEN A VACATION FROM DINARLAND I DO CONTINUE TO HEAR OF ACTIVITY TODAY THAT HAS BEEN LARGELY IN THE BACKGROUND. I AM TOLD THAT TODAY WE MAY SEE A OCCURRENCE THAT WILL BE A MAJOR INDICATOR OF THINGS TO COME. THIS IS TO BECOME PUBLIC...
8-7-2016 Newshound Guru Millionday Article quote: "...continues stakeholders endeavors to Iraq 's accession to the World Trade Organization as a full member amid calls to intensify efforts to achieve this step." SO AS WE SEE -- THEY ARE MOVING TOWARD THEIR REPORTED GOAL ACCORDING TO THIS TO GAIN ACTIVE STATUS IN THE WTO. PARLIAMENT PASSING LAWS ...ONE OF THEM IS THE IRAQI STATE REVENUE LAW -- FEDERAL SERVICE...WORKING ON ECONOMIC REFORMS ACTIVELY. SO AS WE SEE -- THINGS GOING ALL ALL OVER THE FEDERAL GOV -- HCL -- CONTRACTS INTERNATIONALLY AND -- GUIDELINES GIVEN TO ALL EXCHANGE AND PRIVATE BANKS... LOVE IT ALL.
8-6-2016 Newshound Guru Mountainman Article quote: "A successful stake sale in Vietnam's biggest lender by value would be a vote of confidence in the country's banking sector, once ridden with bad debts." IF You Think VIETNAM is NOT READY...Notice Who has Bought Up The VIETCOMBANK... SINGAPORE... and Why w/VIETNAM... Answer = They are going to be HUGE...
8-6-2016 Newshound Guru Millionday Article quote: "The CBI has issued a set of guidelines for private banks Majarh companies and money transfer companies to broker the sale and purchase of foreign currency required to organize the relationship between the central bank and the banks and companies..." THE REGULATIONS FOR BANKING REFORM HAS BEEN ISSUED TO MOVE FORWARD TO ECONOMIC REFORM FOR THE COUNTRY.
8-6-2016 Newshound Guru Aggiedad77 Article: "Vice calls to stop the work of the parliament for a year and boot new elections" I believe there is one point in the Constitution that calls for the Prime Minister/Abadi having the authority to suspend Parliament...sounds good that he and his Cabinet would then have the authority to make things happen in the absence of Parliament..
8-6-2016 Newshound Guru Millionday "After selecting the National Investment Commission end of this month as the date for the issuance of the investment project of Imam Hussein Airport vacation (p international) in the holy city of Karbala, predicted expert civil aviation to achieve revenue of millions of dollars from the operation of the airport annually." HUGE INTERNATIONAL AIRPORT --- THIS HAS BEEN IN RUINS FOR YEARS AND WILL BE A LEAP FOR INVESTMENT AND THE REGION ETC...OBVIOUSLY THE DIVERSIFIED MARKET OF TOURISM -- Quote: "...cabinet will issue the investment license for a draft of Imam Hussein Airport« peace be upon him the end of the month of august..." THIS MONTH AUGUST...WHOOPOW...SO AS WE SEE THIS IS GOING TO BE DONE IN A HURRY -- HUGE PROJECT AND CONTRACT...
8-6-2016 Intel Guru Jester Quote: "On December 15, 2010, the Board of Governors, the Fund’s highest decision-making body, completed the 14th General Review of Quotas, which involved a package of far-reaching reforms of the Fund’s quotas and governance. This reform package, which became effective on January 26, 2016, delivers an unprecedented 100 percent increase in total quotas and a major realignment of quota shares. This will better reflect the changing relative weights of the IMF’s member countries in the global economy." ANYONE LIKE TO HEAR WHERE ALL THAT COMES FROM? WELL...IT COMES FROM THE IMF WEBSITE. [the Global Reset already happened?] IT DID HAPPEN…VOTED IN JANUARY...HAPPENED IN FEBRUARY...IT IS ALL ON THE BALANCE SHEETS OF EACH COUNTRY MEMBER OF THE IMF... [is that good or bad?] THAT IS A GOOD THING…
8-6-2016 Newshound Guru Millionday ALL OIL CONTRACTS ARE TO BE APPROVED AND GRANTED...LOCAL LICENSING FOR THE IRAQI OIL COMPANY AND ALL CONTRACTS FOR INVESTORS. SO AS WE SEE THIS IS HUGE AND OBVIOUSLY IS THE CALL FOR ACTIVE INVESTMENT ACROSS THE GLOBE BY CONTRACT -- HCL -- AND ALL LEGISLATION FOR DISTRIBUTION TO BEGIN FROM ENERGY AND FEDERAL COUNCILS FORMED FOR JUST THIS. THE IMPLEMENTATION OF THE HCL TIME HAS COME --- IT IS NECESSARY... [post 2 of 2]
8-6-2016 Newshound Guru Millionday Article quote: "...changes in the political and economic aspects of the local and international level, as legislation governing the energy investment (oil and gas) , the nature of the developments and changes in the political and economic aspects of the local and international level..." THE LEGISLATION GOVERNING ENERGY IS HCL... DUE TO THE MOVE COMING TO REBUILD IRAQ -- THEY NEED TO ACTIVATE THE LEGAL SYSTEM --- ALONG WITH HCL. THE LAUNCH OF THE LEGISLATION TO REBUILD IRAQ AND OPEN TO INVESTORS HAS BEEN CALLED FOR --- ON AN INTERNATIONAL LEVEL. THEY ARE PREPARED FOR THE APPROPRIATE TIME AND SITUATION FOR THE LAWS WRITTEN AND THE COUNTRY -- IMO. THIS IS VERY EXCITING... [post 1 of 2....stay tuned]
8-5-2016 Newshound Guru wmawhite [Among the factors encouraging foreign investment, how important is the current IQD low exchange rate?] the low value is always good for a country to encourage investment...in a limited capacity...however...with Iraq when the flood gates open, Iraq will need to leverage its currency with a greater value.
8-5-2016 Newshound Guru Bondlady Article quote: "Baghdad She said the oil marketing company Iraq (SOMO) said in a statement on Thursday that Iraq pumped 4.632 million barrels per day of crude oil in the month of July, recording an increase of 4.559 million barrels per day in the month of June." the most oil pumped per day during saddams time at the end was 3 millon bpd. this is just awesome and they're pumping more an more every day. even tho low oil prices this is great for them and it will only get better now as they get there crap together economically more an more every day...love it .
8-5-2016 Newshound Guru tlm724 Article quote: "Parliamentary Finance Committee unveiled on Thursday a new law to regulate the work of government banks, is done within the Commission. As it pointed out that this law will cancel all previous laws on banks" ...now thats hot! we have waited soooooooooo long for these banking laws and here they are...
8-5-2016 Intel Guru Bruce We should be highly expectant... it is about our time. We know our time very close with the info we are getting. I have heard that this so call RV has happen, taken place. I believe this is true. WE know the redemption centers are on black out. WE know they are quiet. They are ready, trained, prepared on deluru machines. We believe that we are very very close to what will be our final receipt of our blessing. We have given you some time windows and frames in the past. We are hearing some of those yes. ...we do have a reason to believe the rates have stabilized and are locked which is interesting. There really maybe nothing more than a slight time issue on the release. ...all have a green light, just up to the final button pusher to release it. We are looking good for take off, lift off.
8-5-2016 Intel Guru Frank26 ...they are on the speed of light on their financial reforms...their Monetary Reform...it is just now starting to march forward...IMO...it is a new rate that they need...like I have told you...it is the RI into the RV...but this is just the RI. ...IMO...all of these indicators...indicators of the RI into the RV...the RATE CHANGE...is the next goal...IMO...in order for them to enter into a cashless society...You know what else this means...the concept of going into digital currency...it means there is no LOP...
8-5-2016 Newshound Guru Kaperoni We sure don't have all the answers, but we do know that the plan is to raise the value.
8-5-2016 Intel Guru Bluwolf SKR'S are liquid since Monday. Banks are still on standby. No adverse negative power is delaying anything. Gold standard is now the way to go. The dinar is not a floater. The GCR will become public interest within days.
8-5-2016 Intel Guru Frank26 Abadi is doing a wonderful job...and he is working with many other agencies that are international to rebuild his country... the confusion that we saw is clearing up as we get closer and closer to the landing of this investment... They gave you Fallujah...then economic reforms everywhere at the speed of light...economic reforms are all over the place...let them give you Mosul...and then IMO...you will see the financial reforms. Let’s talk real quickly about the MasterCard that was supposed to come out on the 2nd...where is it... as far as the MasterCards, as far as Mosul...as far as anything else...they need to raise the value of their currency first... [post 2 of 2]
8-4-2016 Intel Guru Frank26 ...the month of July IMO...was a coming together of many different parts...you have the IMF with Iraq...you have the United States with Iraq...you have the US with many different countries in what they are trying to do with trade...you have the banking systems around the world who are literally salivating...every time they look in the direction of Iraq…Why...you have a lot of countries and companies that are pouring in now and they weren’t in years before...why...I mean every country that you can think of wants to come in and be a part of Iraq’s future...but...at a program rate of 1166... [post 1 of 2....stay tuned]
8-4-2016 Newshound Guru Kaperoni Article: "Continuing efforts to join the World Trade Organization" This is good news. Remember, one of the conditions set a few years ago was the raise the value of the dinar prior to WTO accession.
8-4-2016 Newshound Guru Kaperoni Their are many forces that are not predictable that influence Iraq. Politicians, corruption, other countries, etc. Timeframes can never be given with any precise accuracy for that reason. The good news is despite many delays, the plan and urgency remains...not for us, but for the Iraqi people someday. Let it come to us!
8-4-2016 Newshound Guru Adam Montana [What happened to the info, we will see international currency first half of 2016? all we keep hearing /seeing are laws and more laws that have to be developed /passed.] I don't think "more and more laws" need to be passed - just one. HCL. Everything else is small potatoes.
8-4-2016 Intel Guru Hub one of my old contacts was a currency broker from NYC, he always liked thursdays for currency value changes.
8-4-2016 Newshound Guru Kaperoni [Does Parliament need/have to pass the much needed legislation prior to any move to e-dinar?] Monetary policy is managed by the CBI. They should not need parliament to pass any legislation.
8-4-2016 Newshound Guru firefly Article quote: "The Central Bank called for registration of the Iraqi dinar in the currency market..." Like I said on Monday, I'm expecting some huge news mid-week! And...IMO...this is just the beginning. The news will never put out a real timeframe BUT ...WATCH THE EVENTS UNFOLD!
8-4-2016 Newshound Guru Adam Montana [...is there a part of any i.m.f. or world bank contract or translations, that tells central bank of Iraq, that when they go electronic banking there must be a value to the dinar...?] As much as I wish there were some kind of entity that could force the CBI to put a specific value on the dinar, I don't believe anyone can force the CBI to do anything. Yes, there are influences and they will play nice with what other financial entities want, because the end goal is to be an internationally traded currency with a respectable value! But nobody can "force" the CBI to do anything. That's a good thing, though, because just like they can't be forced to raise the value... they can't be forced NOT to raise the value.
8-4-2016 Newshound Guru Kaperoni [What, if any, laws are needed before Iraq can move to Article VIII?] I am not aware of any laws persay that need to be passed, only restrictions that exist in monetary policy that conflict with the guidelines of Article VIII under the IMF. Once they are in compliance, I would expect the CBI and IMF will be working to transition. Under the IMF guidelines, central banks have to strive for Article VIII. [To do this move, would the CBI have to remove all of the exchange restrictions?] Yes. Article VIII is the ideal situation for Iraq which benefits them when it comes to international acceptance and convertibility. Keep in mind, Article VIII and currency reform are two separate issues. I believe the CBI will begin to reform the dinar via float and delete the zeros before Article VIII.
8-4-2016 Newshound Guru Millionday Article quote: "Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions..." CBI HAS GIVEN ALL BANKS UNTIL SEPT -- 4 WEEKS AWAY TO CHANGE TO ELECTRONIC BANKING...BANK WIRING ETC... WHOOOPOW.
8-3-2016 Newshound Guru Kaperoni [Will Iraq have to get control of the MCP for the 90 days prior to a move in the dinar's status?] It is my understanding that the CBI will have to maintain the 2% spread for 90 days in order to get the green light from the IMF to move to Article VIII. [If the currency is listed on Forex, doesn't that mean the dinar is now in Article VIII?] Interesting question. I do not know if their is a direct relationship between participation in Forex and IMF Article VIII. IMO, moving to Forex is more than just floating the dinar, it would provide the alternative they need to the daily auctions. Keep in mind, the CBI can float their currency at anytime without Article VIII.
8-3-2016 Newshound Guru tlm724 Articles: "Alusi demanding the president to dissolve parliament and form an emergency government" "Nassif: Defense Minister to offer me a million dollars in exchange for the postponement of questioning for a week" Quote: "I ask you and I ask all those responsible and sensible to dissolve parliament and to move the government of emergency and early elections." hmm could get ugly...that interrogation of Obeidi has stirred the pot big time. Nassif has accused him of trying to bribe her with a million dollars to delay the questioning.
8-3-2016 Newshound Guru Adam Montana One thing we should all know about how a dramatic increase in the value of the dinar will work is that nobody in Iraq (or anywhere else for that matter!) will go into a bank or currency exchange with dinar and then walk out with buckets or wheelbarrows full of another currency. That's not how it works! We will either have to deposit it into their account, wire it to another account via their bank, or perhaps we will get a cashiers check. Iraq faced a major problem 10 years ago that would have single-handedly prevented the RV, even if it weren't for the broken GOI and everything else: Technology. Iraq did not have the technology to do a mass conversion of their currency. I am referring not only to the lack of technology in their paper currency itself, which made it easy to counterfeit, but also the technology in how their banks talk to each other, share funds, or even participate in the auctions...before ~2009 the ISX was basically done on chalkboards! ...but this is no longer the case. Check this out: "The central bank plans to activate the electronic systems to minimize the cash trading process" ...we are nearing the end of this ride. SO MANY things are now out of the way, the path forward is clearing up faster than a lot of people can believe, and we will see a rise in the value! [post 3 of 3]
8-3-2016 Newshound Guru Adam Montana 3. The news is showing more and more that Iraq is pushing to get control of ISIS. ...I've even heard a few comments about how ISIS must be "completely destroyed" before an RV, but that's just not true. ISIS influence on the stability of Iraq is dwindling. 4. In a continuing effort to bring Iraq as a nation closer together, we see more and more instances of the Kurds getting a larger share of the money. If you think back a couple years, you'll remember that the biggest obstacle to the HCL has always been lack of cooperation from the Kurds, and for good reason. They were getting screwed! Since Abadi has taken the wheel, that has changed. We are closer than ever to an HCL. It WILL happen. I saved what may be the best for last... [post 2 of 3....stay tuned]
8-3-2016 Newshound Guru Adam Montana Here's something I almost never do... a DATE! (Sort of.) Ready? September MAYBE, October I REALLY like. I could be wrong - August is not completely ruled out in my book, but after doing these updates for so many years, and studying Iraq and other countries like a hawk for an even longer time... I think I have a good "feel" for the status. ...these first 2 are the bad points. 1. It's been my experience (and history/news/Google will back this up with facts) that after Ramadan, they (Iraq) either have things lined up and ready to reach a milestone...or they don't. Let's face it, nothing major came after this most recent Ramadan. It doesn't concern me about an "eventual" increase in the IQD, but I'm not going to expect it this week. 2. Remember what I was saying about "watch the oil" for the HCL to grow legs? Oil dipped again. Where it was once on the way back to a respectable $60ish range, it has dropped back down below $40 again. Oil will go back up, and the HCL will get moving again, but I doubt August is our month. Now let's talk about some positive stuff... [post 1 of 3....stay tuned]
8-3-2016 Newshound Guru Millionday CBI IS EXPECTING THE E-CURRENCY TO BE COMPLETED IN 2017 FOR ON-LINE PURCHASING... THIS IS VERY SOON TO EXPECT E-CURRENCY DINAR IN THE POSITION THEY ARE RIGHT NOW -- SO THIS IS GREAT NEWS – IMO. [do You think e-currency dinar going live in 2017 will have any impact on the expected revaluation of the dinar in the near future of 2016?] IMO FOR THE EXPECTATION TO BE IN 2017 FOR THE E-CURRENCY -- AND THIS IS PART OF THE ECONOMIC REFORM...OBVIOUSLY THE SECOND PART WILL BE COMPLETE IN 2017 MEANING IT IS THE LAST PART -- WE STILL DO NOT KNOW WHEN THE FIRST PART WILL BE COMPLETE. [post 2 of 2]
8-3-2016 Newshound Guru Millionday Article quote: "...the introduction of the electronic currency trading and cash deal... the Governor of the Central Bank announced the date of the implementation of the program during 2017."
E-CURRENCY OF THE DINAR...FIRST WHAT IS E-CURRENCY? "a type of currency in electronic form that is designed especially for paying for goods and services bought on the internet: E-Currency allows the purchase of internet goods and services at lightning speed and most importantly with a high level of security." SO I THINK WE CAN AGREE THAT TO GO GLOBAL INTO THE MARKET THESE DAYS OF TECHNICAL ADVANCEMENT... IT IS NOT OUT OF THE QUESTION TO EXPECT THIS SITUATION IN IRAQ TO REQUIRE A FORM OF E-CURRENCY TO DO TRADE ON-LINE WITH THE GLOBE. IT ALSO IMO AND MANY OTHERS IS VERY IMPORTANT TO HAVE COMPLETED THE GLOBAL PRICING CALCULATION /EQUATION --- OBVIOUSLY. [post 1 of 2....stay tuned]
8-3-2016 Newshound Guru rcookie Article: "Dinar on raising the money supply in the size of banks" Quote: "Currency market and called on the central bank to the registration of the Iraqi dinar in the foreign exchange market..." HUGE INFORMATION IN HERE...HUGE! CBI TO REGISTER IRAQI DINAR ON FOREIGN EXCHANGE MARKET! FORM A JOINT STOCK COMPANY FOR THE MANAGEMENT OF ELECTRONIC TRADING & ISSUING SMART CARDS ESPECIALLY DUE TO THE SHORTAGE OF CERTAIN NOTES LIKE THE 25K RESULTING FROM SMUGGLING...THEY ARE CITING THE SUCCESSFUL PROGRAM TEMPLATE OF THE KUWAITIS... TOWARD THIS MATTER!
8-3-2016 Intel Guru Bruce Redemption centers are quiet. They are on blackout. Some that we know of, so probably all are ready for notifications. We believe that all are on an any moment basis. We heard this from many sources. We are not calling it, we are just telling you to the best of our ability that this is what we have been told that this is where we are. I'm excited, but I'm cautious about making you all too excited. I've been affected by this over 12 years. I'm frustrated as well. But we are all in the same boat. We will all receive the blessing together. We all go at the same time. Rates - my position has always been not to put out rates...rates could change up or down, at any moment.
8-3-2016 Newshound Guru Bondlady Article: "Dollar rises again .. specialists are demanding the central bank to clarify the reason for the low value of the dinar" ...people are still sitting on their dinars, the CBI needs the majority of those dinars back, if the people won't do it on their own, I wonder if the prices aren't being manipulated, making things cost more money by making the dinar even less attractive and causing them to use more dinars for there purchases... end result would be the same just not as quick imo.
8-2-2016 Newshound Guru rcookie ...PARLIAMENTS CONTINUATION OF OBEIDIS CLOSED DOOR QUESTIONING SESSION IS OFF UNTIL NEXT TUESDAY THE 9TH...MANY WERE IN THE OBEIDI CLOSED DOOR SESSION...THE HOLDUP IS THE UNDERPINNINGS OF ADDRESSING CORRUPTION AND ESTABLISHING INSTITUTIONAL STABILITY THROUGHOUT IRAQ...INCLUDING...SECURITY... LEGISLATIVE...JUDICIAL AND ECONOMIC...
8-2-2016 Newshound Guru Kaperoni Article: "Dinar on raising the money supply in the size of banks" Quote: "...called on the central bank to the registration of the Iraqi dinar in the foreign exchange market,..." Bingo! For those who don't know...the foreign exchange market is Forex. So they are ask the CBI to list the Dinar on the Forex for trading. Which is exactly what we want...time to float the dinar and let the world market set the value.
8-2-2016 Intel Guru ADMINBILL HERE IS WHERE I THINK WE ARE AT 1:40PM MDT TUESDAY AFTERNOON. I BELIEVE WE ARE IN THE PROCESS WHICH INCORPORATES THE CURRENCY AND THE BONDS. I BELIEVE THAT THE BOND TRANSACTIONS ARE WHAT HAS BEEN HOLDING THE PROCESS UP BUT THAT IS A DONE DEAL NOW. I BELIEVE THAT THE CURRENCY MUST PRECEDE THE BONDS TO SUPPORT BOND REDEMPTION OR, AT THE VERY LEAST, GO AT THE SAME TIME. I DO NOT BELIEVE THE BONDS CAN PRECEDE THE CURRENCY. I FURTHER BELIEVE THAT WE MUST BE NEAR WITH THE CURRENT PUBLIC BOND DISCUSSIONS...MY OPINION ONLY.
8-2-2016 Newshound Guru Shredd Article: "Dollar rises again .. specialists are demanding the central bank to clarify the reason for the low value of the dinar" With the money supply reducing and the economic growth trending, along with laws continually being implemented and the demand for Iraq's oil as well as the continued support from her allies during the recent fluctuation in oil prices, there needs to be a growing urgency for the dinar to more closely represent it's true value.
8-2-2016 Newshound Guru firefly Reuters Article quote: "Ahli United Bank (AUB), Bahrain's largest lender, has raised its stake in Commercial Bank of Iraq to 64.71 percent, according to a stock exchange statement. AUB purchased a 10 percent stake in Commercial Bank of Iraq..." Reuters!!! AUB purchased 25 billion additional shares in the bank. It did not mention the price AUB paid for the shares. In addition to Iraq, AUB has a presence in Kuwait, Egypt, Libya, Oman and Britain.
8-2-2016 Intel Guru ADMINBILL ...WE ARE STILL IN THE TIME FRAME THAT PUTS US INTO WEDNESDAY IF NOT TODAY.
8-2-2016 Newshound Guru rcookie Article: "Defense Minister accused of involvement in corruption-Jubouri" ABADI IS KNEE DEEP IN COMMITTEE TO INVESTIGATE CORRUPTION IN ARMS DEALS AND CONTRACTS... Quote: "...the parliament session yesterday that saw the questioning of the Minister of Defense was an important turning point in the history of the Iraqi Council of Representatives for being strengthened oversight role of the legislative authority." SO...THE MERE FACT THAT A MAJOR ACTOR LIKE OBEIDI WAS BROUGHT TO PARLIAMENT YESTERDAY TO FACE QUESTIONING ...UNDERSCORES AND STRENGTHENS THE COUNCIL OF REPRESENTATIVES OVERSIGHT ROLE OF THE LEGISLATIVE BODY...JUST GETTING THEIR MINDS RIGHT AS TO THE CHAIN OF COMMAND...NEW AREA OF TRANSPARENCY... ACCOUNTABILITY TOWARD TACKLING CORRUPTION REGARDLESS OF POSITION OR TITLE...
8-2-2016 Newshound Guru mike Article: "House of Representatives questioned the Minister of Defense , headed by Vice President Sheikh Mohammed Iaram" ...the political circus is still going strong. They got rid of the Interior Minister and now they're going after the Sunni Defense Minister who's throwing shade at Jabouri, the Sunni Speaker of the House. If they keep up, there won't be anyone left in Parliament to throw shoes at. The other thing...Parliament's out until August 9th, another week off after they just got back from vacation.
8-2-2016 Newshound Guru firefly Rasheed bank stated they cannot issue Mastercards without the deletion of the zeros...
8-2-2016 Newshound Guru rcookie Article: "CBI gives, government banks until next September, to adapt itself to electronic systems" CBI ISSUES STATEMENT GIVING BANKS UNTIL SEPTEMBER TO ADAPT & IMPLEMENT ELECTRONIC TRADING SYSTEMS TO ADDRESS CASH CIRCULATION PROBLEMS (LIQUIDITY)...
8-1-2016 Newshound Guru mike Article: "Iraq's oil exports rise 3.2 million barrels in July" 3.2 mbpd multiplied by roughly $40 bucks a barrel gets Iraq a skosh over $3.8 billion a month in earnings...they're not even making enough to make payroll. Add in the war on ISIL, infrastructure expenses and a bunch of other stuff and these guys aren't in a good place financially.
8-1-2016 Newshound Guru firefly Expecting a lot of forward movement! Things are moving along quite nicely.
8-1-2016 Intel Guru Frank26 [I've got this feeling deep down inside that August will be truly a start for new beginnings.] IMO...August can be looked as a New Beginning BUT...Sept/Oct will show You an evidence of Your Faith.
8-1-2016 Newshound Guru Shredd Article: "Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions..." [the deposit law is done and has been Gazetted?] had to be for this move. as the credit rating improves, banking laws implemented and ease of transactions, we are seeing big steps being taken these last few years to get Iraq on par with participating in the lending/borrowing investment economic process. Steps forward not steps backwards...and with the deposit law, good stuff!
8-1-2016 Newshound Guru tlm724 Loving the news outta Iraq! Article: "Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions..." love a time schedule...The central bank gives the government banks until September to adapt itself to the electronic systems. ...take advantage of 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems...get those dinars in the bank! only 10 % of the population is using the electronic system right now but not for long! this is going to bring in trillions of dinars off the streets which is exactly what we want! stability is ongoing as well, all the things needed to make the transition and delete the zero's!
8-1-2016 Intel Guru Blondie Has the trigger for exchange notifications been pulled as of right now? No. As always, we don't know the date or time. But all indications are that we continue to be inching towards that date and time in very short order - as of this moment. There is no information indicative of an unplanned interruption in the process at this time. I remain highly encouraged and optimistic.
8-1-2016 Newshound Guru firefly Article: "Parliamentary Finance is discussing with the new managers of the banks to maintain liquidity" Quote: "Parliamentary Finance Committee discussed with the new bank directors, maintaining Iraq's cash flow from waste, as well as discuss the Banking Act." as well as discuss the Banking Act. Quote: "These meetings aim to walk according to the draft reforms as well as for the organization of Iraqi banks and prevent manipulation." the draft reforms...REFORMS!!! ...expect some great news this week. I'm looking for some huge items mid week. ALWAYS follow the money. They could talk economic reforms all they want but... What can you do at 1166?
8-1-2016 Newshound Guru Kaperoni Article: "Economy and investment parliamentary host the five Iraqi banks managers" Quote: "The committee of economy and investment parliamentary five banks managers in Iraq today hosted to discuss the reality of the banking business..." Good to see the banks and CBI in the news. Like we have said many times, there is no market economy until their is a banking system in Iraq. And these last few days they seem to be more focused on activating it. The good news is that activating the banking system means a change in monetary policy and currency reform. So progress is happening ever so slowly...it's coming.
8-1-2016 Newshound Guru tlm724 This will open them up internationally, reduce corruption and eliminate red tape. There won't be much need for the currency traders either. Also it will stop much of the currency counterfeiting! This will reduce and eventually eliminate the need for the dollar as the program gets into full swing. This opens the door for the deletion of the 3 zero's!! This is everything "currency reform" the epitome of the plan! The stars are lining up. [post 2 of 2]
8-1-2016 Newshound Guru tlm724 We saw Ernst & Young taking control of the state banks and they indicated it will take 125 working days max to do what needs to be done. Which should be somewhere around November for completion. The timing is no coincidence I am sure. Back in June the Cabinet approved the launch of electronic applications for the 6 trillion dinar stimulus loans, even the Integrity Commission is electronic now. So the announcement from the CBI is saying they preparing the infrastructure and facilities for E-dinar, getting everything ready for the end of the year or the beginning of 2017. Tis a beautiful thing! [post 1 of 2....stay tuned]
8-1-2016 Newshound Guru Bondlady Article quote: "...Select the central bank governor on the Keywords, Saturday, 2017 as the date for the launch of the electronic currency through the mail or e-dinar cards..." This a well thought out plan and it obviously has the IMF written all over it...a well thought out plan to move the country forward with each step analyzed and implemented at the appropriate time! We have learned how Iraq has been setting up the smart card and getting the facilities ready in many of the provinces with the goal of having it in ALL of the provinces...this will bring in much of the dinar off the streets which we know is necessary to the currency reform plan.
7-31-2016 Newshound/Intel Guru Flashing The fact that a country has gold, oil and other precious minerals is not enough to have a currency appreciation. It needs among other things the development of sound financial, fiscal and operating policies and procedures. It is a simple as this: you may have a have a million dollars today and next month- nothing… because you didn’t establish a budget to control your expenditures. So the appreciation of a currency is a complex and slow process. That’s why it has taken so many years. With that said, I am not calling the rv, but I am highly expectant any time now because if Iraq wants to show a high increase in their q3 export figure and a positive trade balance as forecasted, they need to do something asap. [post 2 of 2]
7-31-2016 Newshound/Intel Guru Flashing I have been quiet for long time seeing how people have become discouraged and frustrated. There is no banker holding up the rv, there is no Obama, Hillary, Bush, or Trump hold up. The rv is not being held up until the elections. These are stories we have heard for years and they do not justify predictions that have come and gone. Now is the time to be encouraged and alert. Iraq has been doing a lot of things that call for an appreciation on their currency (rv). There is a big increase in exports expected during q3 with a slight increase in imports. Just this is enough to expect a currency appreciation along with the policies and procedures they have already approved and implemented. [post 1 of 2....stay tuned]
7-31-2016 Newshound/Intel Guru BGG ...I don't put alot of confidence in the comments by Alak in this recent article...Alak's job has been in question for 6 months or a year... AND - they are talking more and more - especially over the last 2 weeks. (about removing him).
7-31-2016 Newshound Guru tlm724 Article: "Basra council: the completion of the project port of Faw will solve major economic problems in the province" Article quote: "...the Chairman of Basra Provincial Council, Sabah al-Bazoni, that Basra must be seen Basra as Economic Capital of Iraq.” And so it appears Basra is on it's way and so like a shining beacon of hope for Iraq!
7-31-2016 Newshound Guru Brietling The Vietnamese currency is in play, BUT the best numbers I can guess is they are going to up 2 cents that’s about it. Timeframe no body knows. But it is in play because of what China’s done…they don’t have to compete. And basically President Obama went to Vietnam to hammer the nails in the coffin of China and basically said you don’t have to worry about competing with them we’re going to do business with you regardless of what the rate is. So that’s kind of like a green light for them to add value to their currency.
7-31-2016 Intel Guru ADMINBILL I DO NOT SEE THIS GOING PAST WEDNESDAY.
7-30-2016 Newshound Guru Kaperoni Article: "The central bank reveals the date of launch electronic currency" I don't want to get people overly excited but this is very good news. The CBI has always stated that one of the reasons for deleting the zeros was to get rid of the zeros because it makes it difficult in calculations and errors can occur. I cannot see the CBI going to electronic dinar without removing the zeros first. Otherwise, it seems that they would only be creating a bigger issue than they already have. Keep fingers crossed.
7-30-2016 Intel Guru ADMINBILL WE ALL KNOW THE SITUATION MAY CHANGE ON A DIME SO BE PREPARED FOR WHATEVER HAPPENS THIS WEEKEND INTO NEXT WEEK. THE NEWS TODAY IS INCREASINGLY GOOD... I LOOK AT THIS WEEKEND AS PRIME TIME. AS SUCH I HAVE ISSUED AN OFFICIAL ...RV BOLO. BOLO = BE ON THE LOOKOUT. NO PROMISE OF AN RV TODAY BUT WE COULD BE IN THE MOMENT. THE NEWS IS GOOD AND CONTINUES TO BE GOOD. WE ARE INCHING THAT MUCH CLOSER.
7-30-2016 Newshound Guru mike Article: "What does it mean to float the currency?" They could move off the peg if they could satisfy the demand for the dollar, but they'd have to go back to selling $200 plus million a day. The standby letters of credit is a fantasy for Iraq, I just don't see how they can do it. Pass the long overdue banking and economic laws, empower the open market economy and then move the currency to Article VIII. In the end, there are no shortcuts to the currency.
7-30-2016 Newshound Guru Breitling ...if you look back on the information we’ve had, the most that Iraq has had, the note count was around 9 billion notes. that was the most they ever had. And that 9 billion represented 30 Trillion in dinar. One denomination is worth 25K dinar, 10K etc. but it only added up to 30 Trillion and they’ve reduced it since then. It’s a major mistake people make when they read the M1, M2, M3 any of these reports from any country it’s basically how much cash do you have in your pocket. How much do you have in your bank account. How much do you have in assets. And then they combine them together. [Post 2 of 2]
7-30-2016 Newshound/Intel Guru BGG they may well have a spot for Iraq "at the EU table". [are you saying they could somehow be a part of the EU?] Looks like the EU is trying... could be a BOON to them... in the long run. [...if they do then would it be Euros instead of Dinar?] ...It'll be Dinars... the sovereign currency of the land. [And why if everyone else is having so much trouble with the Euro's would it be good for them?] because - literally... Iraq is at the bottom of the barrel... they are GROSSLY undervalued...they need a seat at the table - anywhere in the world. the EU would not be bad...and it is - kind of a natural fit... they are close...they could trade with them easily...lots of advantages. [...that would certainly be an interesting dynamic with the an arab nation sitting at the table with all of the euros!] I bet they are BEGGING for a moderate Arab nation - with some real wealth potential... at the table.
7-30-2016 Intel Guru Frank26 Last week they...announced they were going to launch the income tax to the citizens of Iraq...the Finance Minister said...wink... wink...we are going to have to start charging you guys income tax...I think his winks meant the citizens are about to get some money...so they can handle this tax...these are wonderful indicators...
7-29-2016 Newshound Guru Millionday Article quotes: "...be of the world 's largest economic centers because it will become a commercial hub industrially important in the nearest point between the poles of the world." "...pointing out that international companies aware of this fact and considering the continuous reality of work in Iraq and how to have a foothold investment introduced in this country which is one of the most important countries in the world economically..." I HAVE BEEN SAYING FOR A LONG TIME ALONG WITH MANY OTHERS...THAT IRAQ WAS GOING TO BE A GREAT TRADE HUB...ONE OF THE MOST IMPORTANT COUNTRIES IN THE WORLD ECONOMICALLY -- WHOOOPOW.
7-29-2016 Intel Guru Delta URGENT FROM IRAQI TV: MINISTRY OF YOUTH CALLING ATHLETES TO RECEIVE A MASTER CARD ON 08/02. Quote: "Tuesday approved the second of next August, to receive a MasterCard card." IT'S VERY INTERESTING, I REMEMBER A WHILE BACK A GM AT RAFIDAIN BANK STATING THAT "THEY CAN'T ACTIVATE MASTER CARD UNTIL CBI LIFT THE ZEROS."
7-29-2016 Newshound Guru tlm724 Article quote: "...the governor of Basra Majed Nasraoui said the port of Faw will give 10 times as much as give it the rest of the Iraqi ports." It is intended that Basra would be Economic Capital of Iraq and it certainly appears they are achieving just that...
7-29-2016 Newshound Guru rcookie Article: "BASRA GOVERNOR NASRAOUI ASSERTS PORT OF FAW WILL YIELD 10 TIMES VOLUME OF EXISTING 5 PORTS AND A 3RD PORT TO SERVICE WITH SAUDI ARABIA TO OPEN SOON..." 10 TIMES VOLUME OF EXISTING PORTS...WHICH ARE THEMSELVES BREAKING AND SETTING NEW RECORDS EVERY MONTH...AND REMEMBER THIS PROJECT WILL CREATE MORE NON OIL REVENUES TO GDP THAN THE ENTIRE OIL SECTOR AS WELL AS PROVIDE MORE JOBS THAN ENTIRE OIL SECTOR...
7-29-2016 Intel Guru ADMINBILL ...THERE HAS BEEN NO CHANGE IN MY OPINION SINCE LATE LAST NIGHT. [Could the markets close in a memorable way today?] I AM LOOKING FOR A "I DON'T CARE WHAT DAY OR TIME OF DAY" END OF EVENT.
7-29-2016 Newshound tlm724 [Guru] BondLady has always said 1. The Kurds need Baghdad more than Baghdad needs the Kurds and 2. that the Kurds fudged their population numbers to get more money from the budget and without an accurate census who could dispute what they said? But the good news is that on Saturday July 30th parliament has the census law on the agenda: "Thirteenth: report and discuss the draft census law. (Committee on Economy and Investment). (23 articles)." We don't expect a swift resolution to Article 140 and the disputed areas or the borders, the Constitution has to be amended and they must reach an agreement, a mutual consent among everyone. There is a reading of the borders law in parliament on the 30th as well: "Second: the vote on the draft of border crossings into law."
7-29-2016 Newshound Guru rcookie Article: "Salem: Abadi and blocs failed to reach a final conclusion on the bench names of ministers" THERE WERE REPORTS THIS WAS GOING TO BE FINALIZED IN TOMORROWS SESSION...
7-29-2016 Newshound Guru firefly ...You can have a monetary reform without an ECONOMIC reform ... BUT ...You cannot have an Economic reform without a currency shift...An Economic reform requires what? FUNDS. [so either way we win! Yes?] I haven't heard otherwise...It's a much bigger picture than most realize [or could they start the reforms and stop or draw them out?] Once it started there is no turning back...because of the process and the order of events. So as we can see there is MUCH happening even as we speak. GREAT things are happening folks, just hold a tad longer. Again I ask before I leave the room ... What happened in those 2 days that convinced the IMF to release a portion of the funds! [reference Guru firefly post 7-28-2016]
7-29-2016 Newshound Guru Breitling …78 Billion…One of the major confusions of what the “lopsters” had…I’ve always talked about to look at the note count. The numbers out there from the last report are 4 billion and we know they’ve reduced it. People don’t realize that the 78 billion is their entire reserve. That’s NOT the note count…What it’s stating is that all the gold reserves…Foreign currency…All the assets equals up to 78 billion. So it’s not a reflection of the note count at all. They can pump up that reserve number…actually it’s gone down. It was at 81 billion. They had to dip into the reserve a little bit cause of the oil prices. People don’t realize they can add gold and it has NO reflection on the currency count. They can add foreign currency like the US dollar (exactly what they’ve been doing) without changing the note count. [Post 1 of 2]
7-29-2016 Intel Guru Frank26 [Anymore news on Vietnam?] I believe the dong and many other currencies are in that long line that we talked about...or are actually up in the front of that line...so I think the dong is ready the way the Iraqi dinar is ready...but I don’t know the date or the rate for it...I also believe that many other currencies are ready...I don’t know the date or the rate...that is my opinion based on my studies.
7-29-2016 Newshound Guru mike Article: "House of Representatives vote on the bills and the decision to cancel the tax deduction" Looks like the tax deal is going to be an issue, Parliament wants it repealed. I think it's a lot for the people to bear but it's one of the stipulations the IMF required for the $5.3 billion dollar loan. I guess we'll have to wait and see how this turns out.
7-29-2016 Intel Guru Delta I LIKE TO REFRESH YOUR MEMORY! Article: "World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar" Quotes: "It's an important step was waiting for Iraq to raise the value of the dinar." "lifted the value of the Iraqi dinar should be a priority " SO THE VALUE SHOULD GO FIRST BEFORE RASHEED AND RAFIDAIN BANK GO INTERNATIONAL.
7-28-2016 Intel/Newshound Guru Backdoc WE HAVE MORE THAN ADEQUATE ARTICLES EXPLAINING THAT IRAQ WILL BE DIGITAL AND OF COURSE WE ALREADY KNOW THEY ARE ASSET BACKED. EVERY DINAR IS 25% GOLD BACKED. THAT SAID I WILL LOOK FOR AND WHEN IT WILL BE POSSIBLE FOR THEM TO DISPLAY TO THE WORLD THIS ASSET-BACKED DIGITAL REALITY CURRENCY. ASKING ABOUT HOW THE RATE IS AFFECTED IS TOO SENSITIVE FOR ME TO TALK ABOUT. TIME WILL SHOW WHAT IS TO COME.
7-28-2016 Newshound Guru firefly Let's see, 2 thursdays ago the IMF told Iraq they won't receive a red penny until they start the reform process. 2 days later they received a portion of the funds? So my question to the room is...What happened in those 2 days that convinced the IMF to start the loan process... IMO...We may know very shortly.
7-28-2016 Newshound Guru rcookie Article quote: "RASHEED & RAFIDAIN SIGN CONTRACT WITH ERNST YOUNG AS CONSULTANT FOR APPLICATION OF UNIVERSAL BANKING SYSTEM TO BE APPLIED IN THE 2 BANKS INCLUDING PROMOTING FINANCING & INVESTMENT ACTIVITIES IN AGRICULTURAL & INDUSTRIAL SECTORS & TO BE COMPLETED WITHIN 125 DAYS UNDER AUSPICE OF MOF..." SO THE UNIVERSAL BANKING SYSTEM WORLD BANK HAS BEEN WORKING WITH IRAQ ...SINCE 2006 IN MEASURES TO RESTRUCTURE AND PRIVATIZE SOB'S...AND WITH IN INK TIMETABLE!...MARK YOUR CALENDARS
7-28-2016 Newshound Guru Mountainman Article quotes: "Vietnam’s VietJet on Monday agreed a firm order of 100 Boeing 737 MAX 200 jets worth $11.3 billion at list prices, making it one of Southeast Asia’s fastest-growing low-cost carriers." "Vietnam Airlines ordered 19 Boeing 787 and 14 Airbus A350 planes and 11 of those have been delivered." VIETNAM is So FULL of their NEW VALUE of REALITY...THESE are SIGNS of FUEL for these JETS and VIETNAM'S FUTURE GROWTH...INDEED...IMO.
7-28-2016 Intel Guru ADMINBILL ...THE INFORMATION FLOWING IN LATE INTO THE NIGHT WAS ALL POSITIVE. I LOOK FOR ANOTHER DAY OF EXCITEMENT AS WE, HOPEFULLY, ARE AT THE END.
7-28-2016 Intel/Newshound Guru Backdoc [ I don't see the correlation between IEX and IQD...] IEX HAS BEEN OPERATING SUCCESSFULLY FOR OVER A YEAR ALREADY BUT HASN'T BEEN AVAILABLE TO THE PRIVATE SECTOR. THIS MEANS COUNTRIES ARE USING IT CLEARLY. ON SEPTEMBER 2ND A NEW DIGITAL REALITY WILL OPEN UP TO COMPANIES AND INDIVIDUALS TO FINALLY GO DIGITAL...IMO. ASSET -BACKED CURRENCIES WILL BE TRADED ON PLATFORMS LIKE THE IEX AND WILL RUN ON THE CHINESE CIPS SYSTEM WHICH WILL EVENTUALLY REPLACE THE SWIFT SYTEM. TRADES WILL CLEAR WITHIN A MAXIMUM 3 MINUTES AS TO OPPOSED TO THE SWIFT SYSTEM WHICH TAKES 3 TO 10 DAYS. JUST BECAUSE THE IEX LAUNCHES ON SEPT. 2ND DOESN'T MEAN WE WILL SEE A RATE ON IT AT THIS POINT! WHAT WE DO KNOW IS THAT IRAQ IS ASSET-BACKED AND THEY HAVE TALKED ABOUT GOING DIGITAL IN MANY ARTICLES! IMO.
7-28-2016 Newshound Guru Millionday Article quote: "...the global economy, pointing to the need to speed up the transfer of the charts for two to the reality of an actual achieves the highest degree of economic viability of Iraq..." note -- due to the much needed GLOBAL IMPACT THEY ARE TOLD TO HURRY UP THE REALITY OF THE HIGHEST DEGREE OF --- ECONOMIC VIABILITY... IRAQ IS AT A PIVOTAL STAGE...WHOOOPOW.
7-28-2016 Newshound Guru Mountainman Article quote: "In June, the U.S. Securities and Exchange Commission approved IEX’s request to run a stock market with a 350-microsecond delay to orders -- a speed bump." Well here We Have it...This NEW PLATFORM will be the NEW KID On the "BLOCK of CHEESE"...except...IT is the "CHEESE FACTORY"...for {ALL} COUNTRIES Including IRAQ...No ONE can be A Part of the {NEW GLOBAL REALITY} w/Out Being in this "NEW SYSTEM"...and..."IT" will handle CURRENCIES as Well...NEW ONES w/VALUE that is...and this is (WHY) It is FASTER and has MORE BRAKES to Slow the STAMPEDE of ELEPHANTS that Will TRAMPLE Over to it at the "SPEED of LIGHT"...IMO... Yes, INDEED...New Beginnings...for A STAMPEDE SEPTEMBER 2, 2016...and BEYOND.
7-28-2016 Newshound Guru mike "$ 2 billion in grants to the Iraqi people from Western countries" ...so far all I've seen are government solutions to Iraq's economic problems. 6 trillion dinar economic stimulus, bonds and loans are all socialist solutions. Throwing money at the problem won't fix it. Enforce corruption laws, open up the economy with banking and economic legislation and empower the people's currency, right now it's a good ole boys network where only the rich get richer. Giving these guys $2 billion dollars doesn't fix the problem, it just encourages bad behavior and decision making. ...the time for real action and political will is now, no more excuses. IMO.
7-28-2016 Newshound Guru rcookie Article: "HEAD OF ECONOMIC & INVESTMENT COMMISSION BOLANI CALLS FOR PARL TO FORM COMMITTEE FOR SPEED UP THE COMPLETION OF PORT OF FAW..." YOU THINK THESE FOLKS ARENT AWARE OF ALL THOSE ANALYTICS...AND THE POTENTIAL OF THIS MASSIVE PROJECT...AND REMEMBER THIS WILL BE OFFERED AS A PROVICIAL SECTOR PLAY ON ISX...[Can foreigners invest in ISX - particularly Port of Faw in the future?] YES... [post 2 of 2]
7-28-2016 Newshound Guru rcookie Article: "TRANSPORT MINISTER ABTAN ANNOUNCES MINISTRY READY TO OPEN THE DOOR TO INVESTMENT FOR THE PORT OF FAW PROJECT WITH 14 RESPONANTS FROM INT’L COMPANIES INVITED..." THIS BY FAR IS THE STORY OF THE DAY...THE BIGGEST DEVELOPMENT PROJECT IN ENTIRE COUNTRY...THE ARTICLES TODAY CALLED FAW...GLOBAL TRADING CENTER... INTERNATIONAL ECONOMIC CITY...AND 1 OF THE WORLDS LARGEST ECONOMIC CENTERS! THE WORKSHOP WITH...33 COMPANIES WAS TODAY...THE PROJECTED LAUNCH IS EARLY 2017. [post 1 of 2....stay tuned]
7-28-2016 Newshound Guru Millionday AUTOMATION OF BANKING IS ATM AND OF COURSE WIRING AND OF COURSE ---INTERNATIONAL ACCEPTANCE WITH BANKING IMO. SO THE ENTIRE TRANSITION WILL BE COMPLETED WITHIN 4 MONTHS -- THAT IS HUGE SO AS THEY WORK OF COURSE THE MONIES WILL HAVE TO HAVE IMO -- DISCLAIMER -- A VALUE -- ANYTIME YOU BUY ANYTHING YOU NEED TO KNOW THE ENTIRE VALUE -- NOT JUST GUESS WORK...WE ARE TALKING EARNEST AND YOUNG -- STAKEHOLDERS MUST BE INFORMED SO THINK ABOUT THE AMOUNT OF RISK OF FUNDS AND VALUES OUT THERE WITH ALL OF THE EMPLOYEES ETC AS WELL – THIS IS A GLOBAL EVENT AND IMPACT IMO AND ALSO WILL BE HUGE TO MANY EMPLOYEES -- AND THE ELECTRONIC BANKING WORLD -- WITH IRAQ SITTING RIGHT IN THE MIDDLE -- WHOOOPOW. [post 2 of 2]
7-28-2016 Newshound Guru Millionday Article quote: "Signed bank Rafidain and Rasheed, a contract with an international company for the acquisition of the banking system overall." THEY HAVE SIGNED A CONTRACT WHICH MAKES IT ACTIVE AND RAFIDIAN AND RASHEED ARE NOW INTERNATIONAL AND INTERNATIONALLY OWNED BANKS -- THIS IS HUGE...GLOBALLY AND FOR IRAQ AND AS A SHOW OF HOW CLOSE THE REFORMS WOULD HAVE TO BE --- WHOOOPOW. [post 1 of 2....stay tuned]
7-28-2016 Newshound Guru Kaperoni Article: "What does it mean to float the currency?" The IMF wants the CBI to be in Article VIII. Holding the peg, getting in compliance demonstrates they know what they are doing. You need to realize that the IMF wants to see proof before they will grant the keys to the global banking system. The sooner the CBI does this by getting in compliance by reducing the spread, eliminating all conditions that remain, the sooner they can accept Article VIII and open the banking system. This is what we want.
7-27-2016 Newshound Guru mike Article: "What does it mean to float the currency?" Quote: "Floating currency is to make this exchange currency rate editor in full, so that the government or the central bank does not intervene in determined directly. But it is automatically excreted in the currency market by supply and demand mechanism that allows for the identification of the national currency exchange rate against foreign currencies." ...there are many who want the dinar to float, before they accept Article VIII and fix the currency. If they unpegged now, the rate would almost certainly drop to 1400-$1 or so and make things considerably cheaper for the government. Fortunately, the IMF has told them not to unpeg, the currency needs the relative stability the peg provides. While it's not the answer to the MCP, it does help.
7-27-2016 Newshound Guru rcookie Article quote: "The Iraqi sources had confirmed for "new Arab", the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission." THAT COULD MEAN CURTAINS FOR ALAK... MAHMOUD AND THE HEAD OF ELECTORAL COMMISSION...NOW.....ONE COULD MAKE AN ARGUMENT THAT MOVES OF THIS MAGNITUDE TO HIGH PROFILE ACTORS MIGHT BE THE ANTITHESIS TO ACHIEVING STABILITY AND CONFIDENCE...
7-27-2016 Intel Guru Bruce We know that there has been some progress moving through internationally with the currencies... At this point in a waiting point. I am very excited that we made it, and we are almost home. I am feeling really good. It is coming together. WE are excited. A lot of information to give us we are secure in this and it is moving along nicely. I look forward to the timing being whatever it is. WE are at the point that we are waiting for it patiently. We know it is close.
7-27-2016 Intel Guru Bluwolf THE G20 meeting favors the GCR and RV's...Iraq’s currency will be circulating by the first week of next month. It's curator has now been returned to finish the financial job ( Dr.Sabbibi). No more American interventions in Iraq...Everything else that is expected is running forward smoothly. It will be completed very shortly.
7-27-2016 Intel Guru Frank26 Think about it...why would the IMF ask Iraq to launch the Economic Reforms... because the IMF has taken Iraq to the point of being ready to do this...as quickly as possible...September 2nd is really interesting...and to me September 9th is really interesting...not as a date or a rate...but...something big... a change is coming...this change is good for the citizens and they know it... [post 2 of 2]
7-27-2016 Intel Guru Frank26 The new technocrats...Abadi likes them...the Holy Men like them...the citizens like them...you are going to like them...these guys can’t be bought...they represent equal representation...these technocrats are taking responsibility of the reforms...they aren’t wasting time...it does seem like they are wasting it...but they are not...they have to...claim their own victory in Mosul in order to bring further unity into the citizens...This unification is the glue...it is the coming together of the citizens with everything around them...mainly the GOI and the CBI and the Holy Men... Quote: ”Issues of Unification of Forex Rates and Money Laundering Measures Need to be Tackled by the Department...Unification of the Forex Rates is the Number One Priority” ...yes we know that...and the citizens know that too...they know what is happening September 2nd. [post 1 of 2....stay tuned]
7-27-2016 Newshound Guru Breitling ....What if they do put that currency out there and we’re left with nothing? They can’t do that cause you have banks and institutions around the planet that have the Iraq currency. I know Chase bank specifically does. By the way there is NO special banking group that gets to “cash in” and no body else does…hopefully you guys have grown up by now and you don’t believe any of that garbage. There is no such thing. It simply does not exist and it’s never happened that way and never could happen that way. So the scenario is they are going to add value to their currency, exactly like they said they were going to and the currency you and I have. Eventually they are going to retire the notes. (you’ll be able to trade for the new notes for an equivalent amount) It’s that simple. It’s very strange what we’re watching but they’ve explained it thoroughly... [Post 3 of 3]
7-27-2016 Newshound Guru Mountainman We Hear A Lot About IRAQ and Yes, They are a COMPONENT w/in the NEW GLOBAL REALITY...IRAQ is and was Meant to Be the LAST TIMING MECHANISM as it GAVE (Time) to the Other COUNTRIES to IMPLEMENT said IMF Requirements Along the Way... BEGINNING AUGUST 2016, SEPTEMBER 2, 2016 = A NEW VALUE PLATFORM...
7-26-2016 Newshound Guru rcookie [...did Amnesty law get passed yet?] NOT YET...ITS CUED UP AND AWAITING WITH FED COURT..NG...AND EVENTUALLY ACCOUNTABILITY & JUSTICE...
7-26-2016 Intel Guru ADMINBILL THERE IS MUCH HAPPENING TONIGHT THAT MAY LEAD TO THE EVENT SHORTLY.
7-26-2016 Intel Guru Frank26 there are no woes...there are no troubles... there are no miseries...I don’t even want to say delays. Abadi now has a clean slate of many minister’s seats that he is going to fill in...he needs time to do it...September 2nd is huge...there is this new banking root system that is being brought into many countries...many banks...and is going to be connected with Iraq...when...September 2nd...everybody wants to get into Iraq...every country is pounding on the doors trying to get into Iraq...IMO...Iraq is ready to lift the value of their currency...but we need to let the paint dry...they are tying up loose ends. [post 2 of 2]
7-26-2016 Intel Guru Frank26 I’m sorry if your hopes were up that it was going to happen in July or June... I was expecting it to...our studies indicated they were being brought into the international theater...by the IMF, the US, and many other three and two letter agencies...guess what...they are there. Now we still need proof I suppose that is in written form that says they are international...my opinion expresses they are international...As much as you and I were excited about them entering the international world...hey they should raise the value now right...yeah...and I still agree with that 100%...but when you make a decision to go from A to B...please be fair and realize it takes time to go from A to B once you make that decision. Well I believe deep in my heart that Iraq has been brought to the steps that lead them not only into the international world...but leads them into the reason to raise the value of their currency... [post 1 of 2....stay tuned]
7-26-2016 Newshound Guru Breitling …The CBI has always stated specifically for a while that when this starts it would be a two year process and there will be two currencies out and they both will equally gain value and they’ll start retiring the large notes, the ones you and I have, little by little bit and they will come out with a new currency that will replace it. And that’s exactly what they are going to do. How can it be a mystery when these guys tell you exactly what’s going to happen? What’s the worst case scenario for you? [Post 2 of 3]
7-26-2016 Newshound Guru wmawhite [Speaking of supply and demand what is happening to the dinar notes once exchanged for $ ?] first...remember, are you planning on exchanging in Iraq? Of course not...because you will not get the USD...so you will exchange outside of Iraq? Correct? so those IQD notes will be outside of Iraq the CBI will not see them... They become assets of...the US...Canada...UK...France, etc. Remember... banks... central banks...hold foreign currency reserves...they are assets.
7-26-2016 Newshound Guru rcookie "Iraqi parliament session: Parliament will vote on three bills discusses another six today" ...BUSY...BUSY DAY!!
7-26-2016 Newshound Guru Enorrste Article: "What does it mean to float the currency?" Quote: "Floating exchange rates fluctuate constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day." Although Al Jazeera is not an official government source one must ask what would lead them to publish this on their own. They have no motive on their own. Therefore I would conclude that they were asked to do so. The only people I can imagine that would ask Al Jazeera to do this would be either the CBI or the GOI (most likely the former). That being said...this appears very positive.
7-26-2016 Newshound Guru Breitling ...First…There is no reason at all to reduce the note count at all if they are going to pretend they are taking the 3 zeros off any of the notes. Second…There is no such thing as an “in country” revaluation. It’s never happened in the history of all man kind. I haven’t found one example. I can go back 100 years and give you a history of currency competition…and there’s no such thing…it simply doesn’t exist. It’s the most ridiculous thing. A lot of articles are coming out about the polymer currency that they want to do. and this also eliminates the idea that they are going to LOP the currency. There is no reason to come out with a new currency if they are not going to add value to it and if they are going to lop the currency there’s no reason to have a new currency is there? It’s doesn’t make sense. The articles coming out about a new currency are very very good… [Post 1 of 3]
7-26-2016 Newshound Guru wmawhite Article: "Reform plans awaiting allocations and mechanisms of action " Article quotes: "...said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq..." "He added that the provision of the central bank's six trillion five hundred billion dinars amount of investment is designed to achieve the government's plan to restructure Iraq's economy and moving it from rentier economy to a productive economy and give the private sector a key role in achieving this." this says it right here that this is planned and the IMF is part of moving the Iraqi economy into the private sector.
7-26-2016 Intel Guru ADMINBILL LOOKS GOOD FOR THE NEXT 12 TO 24 HOURS ACCORDING TO LATEST INFO. RUMOR OF ABADI APPOINTING SHABIBI AS HEAD IF CBI TOMORROW. RUMOR ONLY. LET'S SEE WHAT THE DAY BRINGS.
7-26-2016 Newshound Guru wmawhite [With the IMF endorsing the peg to the USD, how difficult will it be for Iraq to go to a float? And on that note, how hard would it be for Iraq to control/work with that float?] IMO...Iraq/CBI will not float/free float the IQD. The CBI could/can depegged if they want to in the next minute, if that is what is best.
7-26-2016 Newshound Guru tlm724 Article quote: "...the lack of accountability of the misuse of public money, that will sound when the Council is asked to put his bill by the presidency of the Republic, which is empowered to rigging the Constitution was the text of the Constitution..." yep...the Constitution needs some tweaking, it allows them to run roughshod and manipulate the system to their advantage ie: stealing money. Right now their Constitution reads like a third world comic book...It should have been amended years ago!
7-25-2016 Newshound Guru wmawhite Article: "In addition to targeted institutional organization, it would limit the tax evasion operations will be subject to the tax charge for the fact that records companies reveal in front of the tax authorities, as well as regulators are any corporate solidarity does not assume future tax irregularities from the legal responsibility of being officially registered and licensed." This appears to be huge steps at ensuring that all entities... whether government or private sector are registered and paying their fair taxes. They see the flood gates opening and are ensuring that they are prepared administratively. In other words...if the flood gates of investors were not opening ..why worry about such issues?
7-25-2016 Intel Guru ADMINBILL WE HAVE HAD SOME POTENTIALLY VERY GOOD INFORMATION...AS WELL AS BITS AND PIECES OF NEWS... WE MAY BE LOOKING AT THE 29TH...THAT IS ONLY A RUMOR TO THIS POINT.
7-25-2016 Newshound Guru tlm724 Article: "Abdul-Mahdi: "demographic indicators" serious warning bell" Quote: "He called on the Ministry of Planning and the Central Bureau of Statistics and the various teams, that the statistics-live up to international standards that would solve the many shenanigans. The accuracy and integrity of information is the first ingredient for success in any policy or plan." they really do need an accurate census BUT that is almost impossible with millions displaced etc... Barzani has always claimed more people then there are in Kurdistan just to increase his share of revenue and payments for false military personnel etc... he'll fight the census when it does happen because it's always about the money honey...
7-25-2016 Newshound Guru rcookie Article quote: "MP GHURARI ASERTS THE ABSENCE OF POLITICAL AGREEMENT HAS LED TO THE DISRUPTION OF IMPORTANT LEGISLATION AND NATIONAL LAWS DESCRIBED AS GATEWAY TO IRAQS STABILITY INCLUDING HCL, FED COURT AND AMNESTY LAW BECAUSE OF PREOCCUPATION WITH MILITARY AND SECURITY FOCUS AND MAY BE PUSHED TO NEXT SESSION…" AGAIN SPEAKS TO IMMEDIACY AND PRIORITY...THE IMPORTANT PART IS THEY ARE CUED AND AWAITING ADDRESSMENT...
7-25-2016 Intel Guru ADMINBILL [new guru] WHAT A SCREWBALL WEEK THIS HAS BEEN. UP DOWN, UP DOWN. SO WHERE ARE WE...? IN MY OPINION WE MAY BE IN THE WEEK...THE PROBLEM WE HAVE IS THAT WE CANNOT GET THE TRUTH FROM ANY NEWS SOURCE THESE DAYS WHICH MAKES IT VERY DIFFICULT FOR THOSE THAT HAVE NOT KEPT UP WITH THE DAILY DRAMA IN DINARVILLE. I SAY WE ARE NEAR THE END...WITHOUT THE GCR/RV THE SITUATION IS THAT GRAVE.
7-25-2016 Newshound Guru rcookie Article quote: "ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION" SO...THE ASHUR BANK ISX LAUNCH TOMORROW [MONDAY]...
7-25-2016 Newshound Guru rcookie Article: "Reform plans awaiting allocations and mechanisms of action" Quote: "said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq for the years 2016-2020 aimed at reform and private sector development requires identifying ways and procedures and the allocation of the necessary funds for their implementation..." THE TITLE BLOWS THE MIND...AND THE STATEMENT SOURCE BEING ALNASIRI ISNT TO SHABBY AS WELL...THE ATTAINMENT OF THIS GOAL WILL ACHIEVE 2 THINGS...1ST A SWITCH TO A PRODUCTIVE ECONOMY...AND 2ND IS SOCIAL AS AS YOUNG GRADUATED GO DIRECTLY INTO JOB MARKET WHICH WILL BE TRACKED THROUGH THE IMPLEMENTATION OF ELECTRONIC FORM AND APPLICATION PROCESS WHICH BY THE WAY WILL LEAD TO PURER..RAW..ACCURATE, TRANSPARENT AND TIMELY ECONOMIC FIELD DATA THE IMF, WB, AND WTO HAVE CALLED FOR AND TRAINED IRAQ ON THROUGH METAC WORKSHOP PARTICIPATION...WOW...THAT REPORT WAS AWESOME!
7-24-2016 Newshound Guru Kaperoni Article: "CBI agrees to open windows for the sale of US dollars in cash for travelers" [So is this a good thing or bad thing or neither?] This is a great thing. Remember the IMF line..."The authorities will gradually remove remaining exchange restrictions.." This is a requirement for Article VIII. We need this to happen for the dinar to be internationally convertible and rise in value! The sooner the better.
7-24-2016 Newshound Guru rcookie Article: "A new International Port between Iran and Iraq Kurdistan" WHEN IRAQ STARTS REPORTING RAW AND PURE ECONOMIC DATA FROM ALL REGIONS INCLUDING KURDISTAN...THEIR NUMBERS ARE GONNA BE THROUGH THE ROOF!!!
7-24-2016 Newshound/Intel Guru BGG Article: "Abadi accept the seventh resignation of a minister in his government" This goes back to the SJC set back suffered by Abadi about "how" he got the "reshuffle" started (by removing those guys)... Looks like he has somehow "persuaded" them to "voluntarily resign"...he will get his "technocratic GOI" sooner rather than later. regarding the "delays" - yes, there have been real delays...stop and think... half of Iraq was under the control of a hostile force... didn't need to be - but it was...Maliki was partially the author of it...security HAS been an issue... plainly, there have been plans published and retracted (or "tabled") that addressed currency reform...We're in much better shape now.
7-23-2016 Newshound Guru Millionday Article quote: "Iraq News Network", on Tuesday, a document issued by the Ministry of Finance / General Authority for taxes..." THEY ANNOUNCED TUESDAY TO LAUNCH INCOME TAX – NOTE -- THIS IS FROM THE MINISTER OF FINANCE... IT WILL BEGIN FROM JUNE 1ST -- HUGE NEWS FOR REVENUES MUCH NEEDED ETC...VERY INTERESTING WITH PARLIAMENT WORKING SO HARD.
7-24-2016 Newshound Guru Bondlady Article: "Ready to receive the ten global companies to complete the port of Faw in Basra" this port is very important and its a huge project that's been ongoing for years and years...its very close to completion and when it is whoa! talk about a huge money maker...this will be the largest port in the world, it will connect Iraq thru its shipping lanes...to the rest of the world...very big and huge deal for Iraq...thumbs up...
7-24-2016 Newshound Guru tlm724 Article: "Mutaiota describes the situation of the displaced people Hol camp catastrophic Abadi demanding urgent intervention to save him" Quote: "Statement Mr. Prime Minister , Dr. Haider al - Abadi ordered cell civilian crisis management to take immediate action to secure the necessary needs of displaced people..." it's hard to fathom the conditions these people are trying to live under...no food, no water, no sanitation, no meds, children starving and its like 130 degrees...so sad...take a moment and say a prayer for your fellow man!
7-24-2016 Newshound/Intel Guru BGG Article: "IMF agreement test for Iraq" IMF has developed a tremendous program to rewrite Iraq's ailing economy. The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East. While not saying " rv tomorrow" it's pretty compelling stuff...
7-24-2016 Newshound Guru Millionday Article quote: "Arab foreign ministers meeting in Nouakchott summit Nouakchott Esra Khalifa amid high hopes that the Arab summit to take the 27..." A HUGE ARAB MEETING -- THEY WANT TO EXPRESS THEIR OPINION OF IRAQ ETC. IRAQ IS MEETING WITH THEM ALL FOR SUPPORT FROM THE WHOLE REGION OF ARAB LEADERS AND ARAB SUPPORT. IRAQ IS MAKING IT CLEAR THAT THEY WANT THE BORDERS SECURE AND TO TAKE BACK CONTROL OF SECURITY FROM TURKEY AND HAVE IT UNDER THEIR CONTROL. IRAQ HAS ANNOUNCED THAT ONLY 10% OF THE TERRORISM IS REMAINING IN SOME REPORTS. IRAQ IS STATING THAT THEY WANT THE COMPLETE POWER OF ALL OF IRAQ AND ITS DECISIONS. IRAQ WANTS TO STAND UP AND CLAIM THEIR PLACE IN THE REGION WITH THE EXPECTATION OF BEING ABLE TO PROTECT THEMSELVES AND TAKE IRAQ BACK.
7-24-2016 Intel Guru Delta Article quote: "The Central Bank of Iraq , the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to " low value and stop the public about the circulation ," according to a statement of the bank. A source in the CBI told the " term " that " the bank does not want a conflict between the currency and the category of 50 dinars 500 dinars in case of deletion of zeros from the last..."
I DID BRING THIS...FROM 2/27/2015 TO REFRESH YOUR MEMORY, WHEN THE CBI DECIDED TO WITHDRAW THE 50 DINARS NOTE, THEY DID STATE THE REASONS! AS WE KNOW THE NEW 500 DINARS IS CONFIRMED WITH KURDISH LANGUAGE, THAT'S WHY I DO BELIEVE IMO WE ARE SO CLOSE TO SEE AN INCREASE IN EXCHANGE RATE.
7-24-2016 Newshound Guru Backdoc QUIET WE ARE WITH A PURPOSE FOR A PURPOSE! WISH I COULD TEACH MORE ON THE COMING DAYS BUT YOU ARE IN EXCELLENT SHAPE WITH YOUR INVESTMENT.
7-23-2016 Newshound Guru Kaperoni Article: "Reform plans awaiting allocations and mechanisms of action" Quote: "...the central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives...activating the role of financial institutions and the banking sector" Super article IMO as it describes how the economy and banking sector are tied together. This is exactly what we have been describing will occur over the next few months, years to come to create a market economy and raise the dinar value. Good and exciting stuff!
7-23-2016 Newshound/Intel Guru BGG "OBEIDI ANNOUNCED POPULAR CROWD WILL PARTICIPATE IN MOSUL LIBERATION..." the bigger news than who it is - is that it is soon (the liberation of Mosul)...key city in Iraq - sets the stage for real stability - if this is one of the "biggies" for the IMF. Mosul will be captured - the US would not be there if it were not a "given"... the progress is breathtaking...As far as this investment goes...all good for Iraq.
7-23-2016 Intel/Newshound Guru tman23 ...Abadi is saying he would launch in October...which is more likely since they are trying to stabilize Anbar still with security and have large security forces deployed in baghdad...At a press conference later, Kerry praised the government of Prime Minister Haider al-Abadi, but said: “We would like to see some reforms moving faster.” REFORMS MOVE FASTER...THEY ARE NOT LIBERATING MOSUL COMPLETELY UNTIL THEY CAN IMMEDIATELY BEGIN REHABILITATION AND RETURN SERVICES TO THE CITY...THIS IS WHAT THEY ARE PLANNING...ABADI IS SAYING UNTIL OCTOBER...and...security after liberation is the biggest concern of all...Rebuilding the second largest city and providing immediate service is an issue...UNCERTAIN SECURITY... UNCERTAIN of the Country uniting post ISIS...Uncertainty by the MAJORS tells me NO CURRENCY CHANGE...IMF said...That Iraq is expected to enter the International Market by mid 2016... Simply put, the reality of Iraq meeting expectations will most likely end in disappointment...
7-23-2016 Newshound Guru Millionday Article quote: "Basra Gas Company director Darraji Shaalan announced the company's intention to export a consignment of gas liquid substance cooking gas up to 1500 tons next week."
SO GAS IS TO EXPORT NEXT WEEK /THIS -- AND LOOK AT THIS COMING -- WOW. Quote: "Organization of Petroleum Exporting Countries {OPEC announced} Friday that the price of raw materials of the 14 basket rose on Thursday rose 20 cents to settle at 93.42 dollars a barrel compared with 73.42 dollars a barrel on Wednesday." PRICING RAISING AND OF COURSE THIS IS GREAT FOR IRAQ AND THEIR INTERNATIONAL EQUATION...WHOOOPOW. REPORT...SAYS FOR THE FIRST TIME IN HISTORY -- IRAQ IS EXPORTING LIQUID GAS -- AND HEADED FOR THE RED SEA SUNDAY AND THEY ARE PAYING VERY CLOSE ATTENTION TO SAFETY AND WILL BE ATTENDED BY MANY AS YOU CAN IMAGINE...
7-23-2016 Newshound Guru Shredd ...the IMF's continued support and re-clarification that the peg to the dollar is in place is a good thing. It is just a matter of time that the dinar will gain value as Iraq diversifies in it's outputs and regrows its reserves from oil revenues. We are not invested in some penny stock that we're hoping to get rich on like the inbred, get-rich-quick dummies do. We are invested in a sovereign currency for a wealthy country that is a new democracy and who has immense global support for economic dependence and participation in global economic growth. [post 3 of 3]
7-23-2016 Newshound Guru Shredd [list continued]
7. The national currency trading outside the country would have a positive impact to buy more goods and services for the benefit of the country.
8. Grow GDP with a diversified balanced economy via a balanced increase of costs of goods and services while also increasing wages.
9. Finally have transparent financial openness, which contributes significantly to investment because of a healthy banking system which in turn stimulates the global banking industry.
10. Move to a single currency regime and move out of currency auctions.
Let me also add that... [post 2 of 3....stay tuned]
7-23-2016 Newshound Guru Shredd Article: "IMF says no reason to devalue Iraqi Dinar" This article captures most of the upside of having the dinar on par with the dollar. I'll list em for ya!
1. Having a sovereign, representative currency that is consistent with the cash reserve ratios.
2. Having a strong dinar rate that contributes to the national currency trading in foreign markets (huge btw).
3. Fully implement the project to delete the zeros which provides an exit from the country's economic crisis.
4. Restoring the money supply structure in line with the market data.
5. Allow for transparent, compliant trading currency between banks and other institutions operations.
6. Have a currency rate that responds to market fluctuations in a consistent manner. [post 1 of 3....stay tuned]
7-23-2016 Newshound Guru tlm724 Here are the statistics I want to share with you all: CIA The World Factbook: COUNTRY COMPARISON :: RESERVES OF FOREIGN EXCHANGE AND GOLD: Reserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country's balance of payments needs as of the end-date of the period specified.
RANK RESERVES OF FOREIGN EXCHANGE AND GOLD:
37 IRAQ $57,070,000,000 31 DECEMBER 2015 EST
49 KUWAIT $31,430,000,000 31 DECEMBER 2015 EST
Isn't that pretty ? Iraq has quite a bit more gold and reserves... [post 2 of 2]
7-23-2016 Newshound Guru tlm724 I spent some time this morning researching some numbers. I did a comparison of Iraq and Kuwait since I like Kuwait's exchange rate : 1 Kuwaiti Dinar equals 3.31 US Dollar. The improving security environment and foreign investment are helping to spur economic activity, much more attention needs to paid to the private sector and that is on the table. The overall standard of living still depends on the central government passing major policy reforms and laws...and that too is being addressed, it is just a matter of time. ...I did some research so I could answer that old question: Can Iraq support a one to one exchange rate? Well the answer is a resounding hail Yes and then some! [post 1 of 2....stay tuned]
7-23-2016 Newshound Guru Bondlady Article: "Exchange rate and disinformation" Quote: "Mohammed Sharif Abu Mayssam repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios..." ...this is a good article an could very well mean even better for us than what its saying...the fact that this article even exists means they are working on this right now, they are discussing all the pros an cons of it as they've done the last few times they've been ready to move the dinar rates or do something with the currency...we all know its long over due...this is definitely different than the last 10 plus years...I really do expect things to change in a big way with the new agreements made with talibani...art 140...hcl... several more huge things...I believe we will see those come to light very soon...hang in there every one ...its lookin very good for us all imo.
7-22-2016 Intel Guru Bruce Last Tuesday we discussed that the codes the banks needed to enter in order to begin paying the SKR's have been entered. Initially, the pings were not returned, so the codes were re-entered and put into process. Then tonight [Thursday] around 5 pm, we heard that all SKR were actually funded and liquid...We believed that the SKR was part of the shotgun start, and had to be fully hydrated before the rest of us went. We are hearing very good things. After SKRs have been made liquid I cannot think of anything else that needs to happen except notification...we are making progress. The system has been put on autopilot. As far as window, we are there, but we do not know when the window is. No one knows...
7-22-2016 Newshound Guru rcookie Article quote: "The Iraqi sources had confirmed for "new Arab", the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission." SO HERES THE OUTLINE FOR THE 3 PHASES IN ABADIS CABINET RESHUFFLE...PHASE ONE ...NATIONAL ALLIANCE...PHASE 2 IRAQI FORCES UNION AND KURDISTAN ALLIANCE...3RD PHASE COMPREHENSIVE DISMISSAL OF ALL MINISTERS...AND THE 7 RECENT CABINET RESIGNATIONS DID NOT RESIGN ON THEIR OWN...HEADS OF CENTRAL BANK...COUNCIL OF JUDICIARY AND ELECTORAL COMMISSION... [Wonderful!] AGREED!
7-22-2016 Newshound Guru mike Like Kap [Guru Kaperoni] said...at least there's still a plan. There's been many times I've been called negative but it's more pragmatic than anything else, I don't get emotionally involved with any of the investments I'm in, it takes away from the objectivity. Bottom line, if the dinar goes to a quarter, I've made a 25,000% profit, which ain't too shabby. But to act like everything's hunky dory over there is disingenuous. [reference Guru Kaperoni post 7-20-2016]
7-22-2016 Newshound Guru Millionday I WOULD SAY IF THE BUDGET IS OPENING AND THE PRIVATE SECTOR IS ACTIVE AND TAXES ARE FLOWING AND OF COURSE CORPORATIONS AND INSURANCE IS ACTIVE...WE WOULD SEE SOME VERY IMPORTANT THINGS IN PLACE FOR THE PEOPLE...THERE ARE NO OBSTACLES IN THE WAY OF PASSING THE CITIZEN BENEFITS -- GOV AND STATE PROGRAMS...SO MUCH IS BEING REPORTED AS BEING FINALIZED AND OF COURSE REFERRED TO AS PART OF THE REFORM... MANY VERY IMPORTANT LAWS ARE ON THE TABLE AND BEING ADDRESSED FOR THIS PARLIAMENT SESSION OR SESSIONS -- I DON'T REMEMBER THEM MEETING EVERYDAY BEFORE NOW BUT THE MEETINGS ARE CERTAINLY VERY IMPORTANT ---- HUGE. WE HOPE TO SEE RESULTS FROM WHATS ON THE TABLE...THEY APPEAR TO BE DETERMINED TO CREATE SOME.
7-22-2016 Newshound Guru wmawhite Article: "Exchange rate and disinformation" Quote: "...repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar..." Again...out of no where calls for the true value of the IQD to be brought forth.
7-22-2016 Newshound Guru rcookie Article: "Exchange rate and disinformation...Mohammed Sharif Abu Mayssam" Quote: "...repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar..." WOW!..A LOT GOING ON HERE! BRINGING PARALLELS TO FOREIGN RESERVES VALUE RELATIVE TO CURRENT IQD VALUE RATIO...AND WARN OF GUARDING AGAINST THEORIES SUPPORTING THAT AS THE ONLY OR MOST IMPORTANT MARKER...AND GUARD AGAINST OVERVALUING AGAINST CURRENT IMPORT STATUS FOR TRADE CONSIDERATIONS...THAT AUTHOR... MAYSSAM IS A VERY WELL RESPECTED ECONOMIST WRITER FOR ALSABBAH...BUT MANY OF THE POINTS MADE ARE SHARED BY MANY IRAQI ECONOMISTS...
7-22-2016 Newshound Guru tlm724 "IMF News: Can you explain the significance of maintaining the Iraqi Dinar’s peg to the U.S. dollar?" "IMF says no reason to devalue Iraqi Dinar". I found the direct quote by the IMF mission chief for Iraq Christian Josz on July 14, 2016 on the IMF site...
7-22-2016 Newshound Guru Millionday "...the oil and gas law of important laws, but he had previously introduced in the previous parliament sessions and did not get an agreement on the approval..." WE REMEMBER THAT THEY DID MEET ON THE HCL MANY TIMES BUT THE INTERESTING PART IMO AT THAT TIME WAS THE LACK OF RESULTS... Quote: "...and reached Baghdad and the Kurds an agreement in December to resolve the dispute over the rights of the export of oil and revenue sharing, but the deal has not been implemented in the past few months..." THE AGREEMENT HAS BEEN REACHED BUT NOT LAUNCHED -- SO THIS IS HUGE WITH THE GOALS OF PARLIAMENT AND GOV TOWARD ALL IMPORTANT LAWS... WHOOOPOW...
7-21-2016 Newshound Guru wmawhite "IRAQI STOCK EXCHANGE LOOKING FOR INVESTMENT PROMOTION AFTER DISCUSSING ROLE OF RULES FOR CORPORATE GOVERNANCE..." This is truly preparing for opening the ISX for international investors.
7-21-2016 Newshound Guru rcookie "IRAQI STOCK EXCHANGE LOOKING FOR INVESTMENT PROMOTION AFTER DISCUSSING ROLE OF RULES FOR CORPORATE GOVERNANCE..." "...TO INCREASE FOREIGN INVESTMENT IN ISX AND COMMUNICATING DATA TO MARKETPLACE AND LAUNCHING A REAL TIME ONLINE TRADING PLATFORM..." THIS IS ABSOLUTELY HUGE...! DATA SERVICES CENTER FOR DISSEMENATION OF INVESTMENT AWARENESS!...SEC EXPERTS COMING TO TOWN... OPERATIONAL PERFORMANCE OF BANKS...WOW. DO YOU THINK THAT HAS ANYTHING TO DO WITH THE WORKSHOP ON 26-28 ON ICAAP...IN SYRIA...IT IS ALL COMING TOGETHER FOLKS.
7-21-2016 Intel Guru Delta FROM IRAQI TV: "John Kerry praises at a news conference with Iraqi Prime Minister Haider al-Abadi , but said " we would like to see some reforms faster ." EVEN JOHN KERRY WANTS ABADI TO MOVE FASTER. [It's my understanding that we are sending 500 more troops over there...] US PRESENT IN IRAQ IS VERY IMPORTANT, ABADI KNOWS THAT. ABADI WILL GET THE REFORM DONE, AND I BELIEVE HE IS WAITING FOR THE RIGHT TIMING...ALSO REMEMBER THE US WILL HELP THEM TO START THE FINANCIAL REFORMS IN THE CBI. IMO STARTNG NEXT WEEK WE SHOULD SEE SOME ACTION TAKING PLACE.
7-21-2016 Newshound Guru Aggiedad77 ...some folks are getting anxious for conclusive action...but I for one continue to give Abadi a great deal of credit for the effort and work he has put into Iraq as their leader...Abadi is fighting war on many fronts, not just with DAASH/ISIS, but with major corruption in all areas of Iraq, and especially so with some higher level government officials who do not want to see their little kingdoms broken down, so they fight him every step of the way...he's still got the likes of Maliki...he has to contend with Iran...all in all he's doing better than most want to give him credit for...hard-headed, shrewd, and very smart...he is...he now has the resignations of those who may have been pushing against him...and he has the opportunity to insert those technocrats he wanted to start with...Let's hope they hit the ground running...my opinion about Mosul...it's coming...and I'm thinking it won't take until October to start things...in all likelihood things will be done by October...IMO.
7-21-2016 Newshound Guru mike B- Moody's credit rating and all the other stuff just screams that Iraq isn't handling their business right now. Here's hoping the IMF leverages the billions they're giving Iraq to change their ways and move this country forward. No more money unless you conform. Period. At least the plan is still in play, we just need the politicians to...get to work. [post 2 of 2]
7-21-2016 Newshound Guru mike Article: "America Announces more than two billion dollars to collect the donor conference for Iraq" For years I've heard about the vast wealth of Iraq and yet, here we are, throwing donor conferences and raising $2.1 billion dollars for these folks. They've already borrowed against their SDR holdings and the IMF is loaning an additional $5.5 billion over the next three years. These guys don't look so wealthy to me. In fact, they look broke as hell. It's clear the interest the US and other western countries show Iraq has nothing to do with making money. It's more about keeping them from sliding down the slippery slope of corruption and greed and dragging the whole ME down with them. [post 1 of 2....stay tuned]
7-21-2016 Newshound Guru wmawhite Article: "LEGAL EXPERT STATES CONSTITUTION DOES NOT ALLOW FOR QUESTIONING OF MINISTERS WHO HAVE HAD RESIGNATIONS ACCEPTED..." Yep...if you don't want to be questioned...get the heck out of Dodge...resign.
7-21-2016 Newshound Guru rcookie Article: "ABADI ACCEPTED SHARASTINI RESIGNATION TODAY…" NEWS THAT ABADI WILL BE ADDRESSING REPLACING RESIGNATION POSITIONS NEXT WEEK. Article: "LEGAL EXPERT STATES CONSTITUTION DOES NOT ALLOW FOR QUESTIONING OF MINISTERS WHO HAVE HAD RESIGNATIONS ACCEPTED..." THERE IT IS...SOME UNDERPINNINGS TO THESE 7 RESIGNATIONS IN THE LAST 2 DAYS...IF RESIGNATIONS ACCEPTED ...CANT BE QUESTIONED BY PARLIAMENT.
7-21-2016 Intel Guru Frank26 ...companies are agreeing with them and signing contracts... as an international company...we will come in...we will follow all your rules and laws and regulations that you want...with your banks...your currency...your government... your everything…but we want our rate of return to be equal or at least profitable...and at a program rate we would lose money...IMO...the majority of the contracts...are set to expire sometime around October. The auctions will end…the multi-currency policy will end...and it is ending...The auctions...the multi-currency policy...the MCP...and the rate...increasing must all occur together...And for people who say...I don’t see...advancement...I don’t see anything good going on...are you kidding me. [post 2 of 2]
7-21-2016 Intel Guru Frank26 The United Nations did not meet in April or May...it bummed us out because it gave us less hope for...July...but we are excited because the UN is meeting with Iraq now...IMO...they are meeting with Iraq because of what they are doing to remove Article 8...we want to see things faster...but this is a logical approach and...there are a ton of moving parts…and as far as what is going on with the Iraqi Stock Exchange and the IEX...there are things that are going on with currencies that we don’t need to talk about…Why would a company sign with Iraq if they didn’t think they were going to get their rate of return back... [post 1 of 2....stay tuned]
7-21-2016 Newshound Guru Millionday WE HAVE AN IRAQI BANKING MEETING ON THE 23RD AND ALSO HAVE THE US ALONG WITH MANY OTHERS -- BUILDING A POLICING FORCE FOR IRAQ -- ALL GREAT ACTION AND NEEDED...WE WILL WATCH ISX CLOSELY ALONG WITH CBI ETC...PARLIAMENT IS MEETING ALL WEEK...LOTS OF GREAT NEWS OUT.
7-21-2016 Newshound Guru Islandg1211 ...while the 2nd HALF of 2016 (and into the next 3 years) is for the RECONSTRUCTION PHASE - the SBA/Marshall Plan, and for liberating Mosul. IMO, the PLAN IS TO RV AFTER THE WAR PHASE to kick off the RECONSTRUCTION PHASE... When this plan for the Monetary Reform, the commitment to liberate Mosul, and the multi-year reconstruction was outlined, the RV WAS INCLUDED. But, the GOI has been non-effective for the entire 1st half of the year. THEY STILL NEED TO PASS THE INVESTMENT LAW AMENDMENT. THIS NEW JUNE LOI STATES THAT "AS A FIRST STEP" THE INVESTMENT LAW WILL BE INTRODUCED BY THE COM. The Anti-Money Laundering Law needs some additions that the IMF wants to see as well. [post 2 of 2]
7-21-2016 Newshound Guru Islandg1211 WHY DID WE NOT SEE THE RV "BY MID-YEAR"? NONE OF THE REFORMS that had been planned got done in the first half of the year. PRESUMABLY, THE RV IS VERY MUCH A PART OF THE PLAN FOR THIS YEAR IN ORDER TO ADDED VALUE AND HELP WITH THE RECONSTRUCTION OF IRAQ IN ADDITION TO ALL THESE LOANS AND GRANTS. THE GOI STILL NEEDS TO PASS THE INVESTMENT LAW AMENDMENT. I'm still encouraged that the Monetary Reform is, in fact, being planned by the U.S./IMF with coordination with other countries, the World Bank, and the UN. A lot of money is expected to pour into Iraq such as: IMF loans, WB aid, UN aid, Other countries' aid, Private sector loans, Bond sales, Deferred Paris Debt. ALL OF THIS MONEY POURING INTO IRAQ IS UNPRECEDENTED. ...the 1st HALF of 2016 was getting Iraq (mostly the CBI) in position to receive these LOANS FOR THE RV... [post 1 of 2....stay tuned]
7-21-2016 Newshound Guru Adam Montana Iraqi Parliament does have an influence. The governing bodies in Baghdad and Erbil, the powerful Shiites and Sunnis, and the elected officials that you hear about - they have an influence. Their specific influence, at this time, is regarding the progress of the HCL. We expect to hear that news very soon. But at the end of the day, not one of them can do what the CBI can do... the CBI is the only thing that can change the rate. That's where we are...Final thought....GO HCL! [post 3 of 3]
7-21-2016 Newshound Guru Adam Montana When it comes time to RV, Iraq itself isn't even the controlling factor. Parliament is not the controlling factor. Abadi is not the one that will "push the button", nor will Shabibi or the IMF. In fact...an article earlier...shows exactly how little the IMF has to do with anything... they are more and more becoming a useless organization with no more actual influence over the rate of the dinar than the UN has over North Korea. The controlling entity is, and always will be, the CBI - Central Bank of Iraq. And the reason why is extremely simple - because THEY are the ones that regulate and operate the auctions, which is where the rate is set. That's it. End of story. [post 2 of 3....stay tuned]
7-21-2016 Newshound Guru Adam Montana As of today, we do not have an RV. I believe that's because we don't have an HCL, but this isn't an entirely bad thing. I say that specifically because there is no reason to believe the HCL will not go through... it's just not happening as fast as we want. Since we can't control the HCL, or the rate of the IQD for that matter, let's focus for a minute on something that we CAN explain... "Who, or what, exactly, controls the rate of the IQD?" In the past, there have been a lot of questions about who controls the rate, what entities can influence an RV, does X or Y or Z have to approve, and so on. Let's break this down, and we will all walk away better educated! [post 1 of 3....stay tuned]
7-20-2016 Newshound Guru Kaperoni Article: "Exchange rate and disinformation" Quote: "Mohammed Sharif Abu Mayssam...repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios..." This guy hit the nail on the head..that the dinar cannot rise in value at this time and you cannot randomly increase the value just because the CBI has large reserves. That until the banking system is open to the world, and the economy is diversified, they cannot raise the value. Again, the good news is the plan is to raise the value. The bad news is that raising the value is part of a set of moves that need to be coordinated at the right time as part of the transition or activation of a market economy. It will come, we just need to be patient so they can get in compliance, pass the laws, stability, etc. in place.
7-20-2016 Newshound rcookie SADR THREATENING MASS DEMONSTRATIONS THIS WEEK AND NEXT WEEK...ABADI REPLIES THAT ANY ARMED DEMONSTRATORS WILL BE TREATED AS TERRORISTS BY SPECIAL SECURITY FORCES...
7-20-2016 Newshound Guru Aggiedad77 Article: "Prime Minister Haider al-Abadi will be presented during next week's seven new ministers in the cabinet his booth" ...incredible timing...what I find as interesting is this move goes from six ministers resigning...to him replacing seven ministers now...get 7 for the price of 6...not a bad deal...Abadi he's a shrewd PM...trustworthy but shrewd...these guys will be instrumental in the coming reforms...this is good stuff...really good stuff...more to come too I'm sure...oh and...keep an eye out for Boeing talking to Iraq.
7-20-2016 Newshond Guru Bondlady Article: "Nouri al-Maliki met the Kurdish politicians in Sulaymaniyah" Article quote: "Al-Maliki said that "the alliance between the Kurdish movement of change and the Patriotic Union of Kurdistan is a positive step worth blessed and support" ...both sides will HAVE to make concessions on the HCL and art 140, gotta amend the Constitution... after 8 years its time Iraq wins, not just a certain block...believe it or not Talibani an Maliki can make this work now...
7-20-2016 Newshound Guru tlm724 Article: "Nouri al-Maliki met the Kurdish politicians in Sulaymaniyah" I must say that NO one understands the inner working of the GOI better than [Guru] BondLady...I don't think the Iraqi's understand it like she does! If she says this is a good thing then I believe her and I do agree with her. The only way for Iraq to get it together is to come together! maybe Maliki and Talabani will make the difference...they do have strong followings , both of them. [reference Guru Bondlady post 7-17-2016]
7-20-2016 Newshound Guru tman23 [...where do u think we are at...will we have to wait till 2020 when iraq is fully working or will they redenominate and use the money to start the economy?] Actually...Maliki is up in Kurdistan trying to smooze the PUK and Gorran...He was suppose to stay and visit some sites but cut his trip short and headed back to Baghdad...maybe a sign that things did not go as planned...tomorrow is a big meeting in Washington over Mosul...Kurds not invited! I suspect that this whole thing could fold like a cheap sears tent at anytime.
7-20-2016 Newshound Guru Millionday [This sets them up to trade internationally, for both institutions and brokerage houses. Getting ready for something.] I AGREE -- THIS IS HUGE AND EXPECTED. THE IQD WILL BE A SOLD PRODUCT PRICED TO COMPETE...IRAQI DINARS WILL BE PRICED AS WITH ALL GLOBAL CURRENCY ON STOCK MARKETS -- IMO... [post 2 of 2]
7-20-2016 Newshound Guru Millionday Article quote: "Hashemi discuss the Iraq Stock Exchange the role of activating the rules of corporate governance contribute to the disclosure of corporate and bank guarantor to attract and promote investment..." SOME LEGISLATION AND REGULATION CHANGES ON THE WAY FOR ISX TO IMPACT OUTSIDE INVESTORS AND CORP. Quote: "...the workshop will be held under Iraq 's need to diversify its financial resources from the non - oil sector... for trading on the Iraq Stock Exchange..." THEY HAVE THE GOAL AND MANY REASONS TO BE DIVERSIFYING. BRINGING IN OUTSIDE OF IRAQ TO INVEST IN ISX...WHOOOPOW. [post 1 of 2....stay tuned]
7-20-2016 Intel Guru Bruce We are at the end...yet things going on behind the scenes...we are ready from a banking point of view...they are about ready to pay out the SKR's, and when the SKR's get paid out, that triggers out the rest we are waiting for, the RV...We came very close this morning [Tuesday]. What is interesting about that, is that there are certain procedures that needed to be followed that were followed, but for some reason did not work. We did not get our Go. There is talk this slight delay has been a result of currency trading to bring the currency up to value.
7-20-2016 Newshound Guru wmawhite Citibank stated that it is working with the Trade Bank of Iraq to remove the obstacles to the Iraq currency to move freely around the global.
7-20-2016 Newshound Guru rcookie [...isn't this one big puzzle that corruption has to be stabilized to enhance these investments and protect the investor.] CORRUPTION IS BEING STABILIZED ON A DAILY BASIS WITH THE ASSISTANCE OF EVERY WORLD AGENCY IMAGINABLE...UST...UN...WB...IMF AND THEIR OWN INVESTIGATIVE AGENCIES.
7-19-2016 Intel Guru Frank26 Jubouri fired a bunch of ministers...and those seats have to be filled...that way you are compliant with Article 8... yes you are becoming Article 8 compliant...is it in effect...no...because the UN still has not removed Article 8...and also because the UN is just now meeting...and in all honesty you know it is going to take them a month to deal with these meetings...I’m not looking at September...I’m looking at October...they are doing all of the things really fast...so...IOO...we have calculated into September/October. [post 2 of 2]
7-19-2016 Intel Guru Frank26 IMO….I feel that we are very close…IMO there are some things being done right now...not only with the Iraqi dinar but with many currencies around the world... I don’t think the topics or subjects that are being dealt with right now with currencies around the world is something we should get deep into...I don’t. If we truly are…this close to the fire...don’t get so close that you burn yourself...observe it from a distance and prepare yourself to deal with that fire. [post 1 of 2....stay tuned]
7-19-2016 Newshound Guru Bondlady Article: "Nouri al-Maliki met the Kurdish politicians in Sulaymaniyah" Quote: "In a visit to the opponents of Massoud Barzani, the Kurdish politicians in Iraq, met Monday July 18th president of a coalition of state law, Nuri al-Maliki..." this...was a super important meeting between the 2 largest blocks in parliament...they are also friends and have been for years, or at the very least political friends and yes allies ...these 2 agreed on many many things in the past...it was called the erbril agreement...now that the union between kurds an erbril has been signed theres gonna be a lot of coming together instead of always throwing wrenches in the mix...this union makes majority things happen and forces blocks to make concessions, FOR THE BETTERMENT OF THE COUNTRY...this was the push they needed to...come together as a team...im really looking forward to seeing them finally getting there shxx together and I believe we will see all the laws needed to be passed come to light...huge big laws and enactments...
7-19-2016 Newshound Guru rcookie Article: "World Bank and Government of Japan to Promote Inclusive Growth and Private Sector Development in Iraq" THIS DIRECTLY FROM WORLD BANK WEBSITE...SO...WORLD BANK AND GOVERNMENT OF JAPAN ANNOUNCING SERIES OF 4 NEW GRANTS FROM JAPAN OF $2.1 MILLION TO SUPPORT IRAQS DEVELOPMENT & REFORM PROGRAMS TO ENHANCE INSTITUTIONAL EFFICIENCY AND PROMOTE GROWTH...HMMMM SOUNDS LIKE INSTITUTIONAL STABILITY. WOW!
7-19-2016 Newshound Guru tlm724 Article: "Kurdish lawmaker: redraft the constitution of the new needs to be a political consensus" Quote: "...the main components in Iraq, despite the installation of their rights in the Constitution but did not get them, referring to Article 140 of the Constitution..." he is right, they never finished what they started with article 140. ...the gist of the whole thing...the disputed territories...without a resolution things will never get settled and run smoothly...having said that I do believe they are on the right track and trying to get and keep it together...
7-19-2016 Newshound Guru wmawhite Article quote: "NATIONAL COALITION TO HOLD REGULAR MEETING TO DISCUSS REGIONAL & NATIONAL DEVELOPMENTS…" Iraq is beginning to pull together the "REGION"...The regional business leaders see what is happening.
7-19-2016 Newshound Guru rcookie Article quote: "CITIZEN BLOC REP SHAWKI REVEALS NAMES OF 19 MP’S FOR REMOVAL OF IMMUNITY IN PREVIOUS SESSION WITH 3 REMAINING NEEDED FOR CURRENT SESSION DUE TO VIOLATION OF ABSENCES RULES..." WE HAVE HEARD A LOT ABOUT THIS IN LAST WEEK OR SO...JABOURI IN HOT PURSUIT OF MP'S IN VIOLATION OF ABSENCE LIMITS...16 FROM PREVIOUS SESSION...3 CURRENT...HOLDING FEET TO THE FIRE OF HIGHER STANDARDS... INSTITUTIONAL STABILITY....
7-19-2016 Newshound Guru rcookie Article quote: "PARLIAMENT CALLS FOR NAMES SUBMITTED FOR COMMITTEE SELECTION TO AMEND THE IRAQI CONSTITUTION AND SUBMIT PROPOSAL FOR PUBLIC REFERENDUM..." THIS IS HUGE AS UNDERPINNINGS FOR LAWS THAT REQUIRE CONSTITUTIONAL AMENDMENT ALREADY UNDER WAY! THIS COMMITTEE WILL BE CHARGED WITH CHANGING IRAQI CONSTITUTION IN REGARDS TO SOME LAWS TO BE AMENDED...AND PUT TO PUBLIC REFERENDUM.
7-19-2016 Newshound Guru wmawhite [with them entering the world heritage lists. what are your thoughts on the these new commemorative bank notes?] Still...commemorative notes of a currency that is got used by its own country in paying its own bills? This came about after the parliament and the GOI ratified the United Nations Educational, Scientific and Cultural Organization "UNESCO" requirements. Iraq then requested for the inclusion of the ancient cities and the marshes in the south to be placed on the World Heritage List. This is the action of a country that believes it has a future and it wants its heritage recognized as well as protected. Good for them.
7-19-2016 Newshound Guru rcookie Article quote: "PALIAMENT LEGAL COMMITTEE ANNOUNCES FEDERAL COURT LEGAL INCLUSION FOR PUBLIC VOTE ON GENERAL AMNESTY LAW NEXT WEEK AND JABOURI TO PUBLISH NAMES OF DEPUTIES WHO REFUSE TO VOTE WHILE DECLARING NATIONAL GUARD LAW NOT READY AT THIS TIME WITH MAJOR DIFFERENCES..." WOW SO YOU HAVE IN INK AMNESTY AND FED COURT READY AND DELAY ON NAT GUARD...WHICH WILL NOT HAPPEN...
7-19-2016 Newshound Guru tlm724 Article: "Central bank: issuing banknotes commemorate the annexation of the marshes of the World Heritage List" Quote: "Central Bank of Iraq , congratulated the Iraqi people on the occasion of the inclusion of the marshes and archaeological sites in Iraq as part of the World Heritage list." thats how important this is! The CBI is going to introduce a commemorative banknote to commemorate this important event and you can bet I will get a few of them...
7-19-2016 Newshound Guru Bondlady Article: "The Iraqi opposition is preparing for the establishment of the International Trade Fair" imo, the world is really really opening its eyes and minds of the huge investment potentials to be had in Iraq, ...the marshes being protected by the world now will help security and also cuts down on countries holding Iraq water hostage, ((neighboring country fights where waters concerned)) which harms the marshes, and supports stability in many areas in Iraq...awesome Iraq keep moving forward.
7-19-2016 Newshound Guru Aggiedad77 Article: "THE WORLD BANK AND THE GOVERNMENT OF JAPAN TO BOOST INCLUSIVE GROWTH AND DEVELOPMENT OF THE PRIVATE SECTOR IN IRAQ" Keep in mind...that this money spoken of here is completely different than the "loans" the IMF has provided to Iraq...and in much of the situations where this arm of the WB is involved...this money does not require payback...but...the WB is getting involved to provide oversight on how the money will be used, where it will be used, and what programs get earmarked for it...can you say "ORGANIZATION". That is a good thing...these private sector entities are being pulled together and targeted for funds and assistance in a way that will promote "reforms" and the "private sector" for Iraq...more of the progress we want and need to see for them.
7-18-2016 Newshound Guru rcookie [...I thought that parliament was working all week to finish up 70 laws? Is the statement about them coming back next week wrong...?] THEY ARE WORKING ALL WEEK...THEY VOTED ON 3 AND READ 3 TODAY IN ADDITION TO CLOSED COMMITTEE MEETING OF KARRADA BOMBING INVESTIGATION AND COMPENSATION AND CARE OF VICTIMS TREATMENT IN TEHRAN...BY ALL REPORTS THE AMNESTY LAW HAS BEEN REVISED AND READIED FOR VOTE...
7-18-2016 Intel Guru Frank26 [At first I was a little excited about "give me Mosul" and then things move quickly. Now its forget Mosul cos we're not looking for that anymore. Yes, we have made great strides this year with their accomplishments but i can't help but stop getting excited when i see you excited.] For me to say we no longer need the liberalization of Mosul because we have it And upgrade it with we NOW seek the removal of the Program Rate...Leaves You depressed ... Is confusing to my comprehension of an amazing progress. One final thing ...My Excitement is Serious.
7-18-2016 Newshound Guru Aggiedad77 Article: "Distribution of financial grants to displaced families in Babylon" I'm surmising here that the "instrument" for distribution of these funds to the families is likely some kind of card...electronic card...for protection of all involved...another positive sign of good things already in the works...patience...the BEST is yet to come.
7-18-2016 Newshound Guru wmawhite ...Maliki still leads a political bloc, all though a minor bloc. Think of a political bloc as an union. A political union within the Iraqi Parliament. If you understand this, it is very understandable that the head of a bloc/union will always be negotiating with other political blocs as well as their leaders. This is life...it is the way their political life runs from day to day.
7-18-2016 Newshound Guru Aggiedad77 Article: "Water Resources: join the marshes World Heritage upstream countries will be required to secure its share of water" [Being included on this list assures UN protection of Iraq's water supply from neighboring countries upstream ... no one can threaten them using the water as a weapon without having to face UN intervention ... a sense of security IMO.] I so agree with your comment...this is an extraordinary move on Iraq's part...not only to preserve its marshlands but also something that ...will become very near and dear to Iraq and all of the Middle East...water...an important commodity in a desert land of vast magnitude...this will pay dividends to the Iraqi's in the future...IMO...why is this important...it shows that Iraq is looking ahead to what they hope to be a bright future for them and they want to be that "oasis" that brings people together...IMO.
7-18-2016 Newshound Guru Millionday Article quote: "Economic Adviser to the Prime Minister, the appearance of Mohammed Saleh, about the deal with the International Monetary Fund as a «financial protection for Iraq» and expressed optimism about the improvement in the credit and financial viability of Iraq by the surge in Iraq 's international value of the bonds that created until 2028, amounting to $ 2.7 billion revealed , particularly after the IMF approved a loan worth $ 5.3 bill" THE IMF HELP IS SEEN AS SECURITY FOR IRAQ. GLOBAL INVESTMENTS WILL HELP WITH CREDIT RATING – A LOT BETTER THAN NOT. THE BONDS OUT CREATE A BETTER ECONOMIC PICTURE FOR IRAQ GLOBALLY. THE IMF IS HELPING IRAQ TO STAND ON THEIR FEET AND HELP THE ECONOMIC CONDITION AS THEY GO TO MARKET. THE EXACT FIGURES ARE NOT INCLUDING THE PAST BUT WILL STILL CREATE A WAY TO MAKE IT RIGHT BUT THE CALCULATION WILL BE ABOUT THE IRAQ THAT STANDS NOW – EXCELLENT.
7-18-2016 Newshound Guru mike Article: "Urgent calls Jubouri blocs to nominate names for the formation of a committee to amend constitution" Great, another committee formed to tackle what? The constitution of Iraq. I was hoping Iraq would deal with the immediate issues instead of tackling such a huge task. These guys can't agree on the small stuff, how in the world do they think they're going to achieve quorum on something as big as the constitution?
7-17-2016 Newshound Guru rcookie PARLIAMENT TODAY...VOTED IN PRESENCE OF 236 DEPUTIES...SALE & LEASE OF STATE PROPERTY LAW NO. 21 (2013) AS WELL AS PLANNING FOR COMMITTEE TO AMEND CONSTITUTION...1ST READING ON 5 BILLS AS WELL AS DISCUSSION TO LIFT IMMUNITY FOR 9 MP'S...17 TOTAL MP'S BUT 8 HAVE RETIRED AND NO LONGER HAVE IMMUNITY...LEGAL AFFAIRS COMMITTEE WILL DECIDE WITHIN 2 WEEKS...AS WELL AS PURSUIT TO DISMISS MP'S WHO HAVE EXCEEDED ABSENTEE THRESHOLD...ABSOLUTELY HUGE LEGISLATIVE DAY...AND SETTING UP WHAT LOOKS TO BE HUGE LEGISLATIVE WEEK AND SESSION TERM...
7-17-2016 Newshound Guru wmawhite [What would they need to safeguard and protect if they were just going to stay at 1166. Or not enter the global economy? 1166 is there current safeguard.] Very good point...one of the current safeguards is the lack of value. Banks outside of Iraq is no upside to accept (exchanging and holding) the IQD because of its value. In other words, they do not see it as an asset to hold. So, as...you ask, what is there to safeguard? unless...?
7-17-2016 Newshound Guru Bondlady Article quotes: "The information we have indicate that al-Maliki will arrive in Sulaimaniya today, visiting former President Jalal Talabani," ..."the meeting will discuss the situation between the federal government and the Kurdistan region, as well as the general situation in Iraq." ...believe it or not...talibani an malaki always had a pretty good working friendship, it seemed there was mutual respect there between them... art 140 needs to be fixed and decided upon to stop the civil war and define property lines...its at the critical stage to get those laws passed an implemented...theres gonna have to be give an take from both sides... ...talibani...is intervening once again to try to stop the inner fighting between kurds an bagdad... talabani tipped the odds a lil, imo...I think now they have a great shot to agree to terms or face losing their country completely...all imo.
7-17-2016 Newshound Guru Millionday Article quote: "...Ministerial Council on Security homelands held Saturday, held an emergency meeting chaired by Prime Minister General Commander of the Armed Forces, Haider al-Abadi, to discuss the situation in the Republic of Turkey..." THE SITUATION IS NOT ONGOING IN TURKEY RIGHT NOW IMO -- NOT EXPECTED TO CREATE PROBLEMS ETC. THE GOAL IS TO NOT LET IT IMPACT IRAQ AND THEIR GOALS. Quote: "...commitment to build bilateral relations between the two countries on the basis of respect for sovereignty and non-interference in the affairs of each country..." IRAQ IS READY TO STAND ON ITS OWN.
7-17-2016 Newshound Guru rcookie Article: "Jabouri to calls for the nomination of the names of the committee to amend the constitution within one week" THIS IS HUGE...THE TABLE IS SET AND GROUNDWORK LAID FOR THE COMMITTEE TO OVERSEE CHANGES TO IRAQI CONSTITUTION THAT ARE ON TABLE AND CUED UP... CONSTITUTIONAL AMENDMENT AND REVIEW COMMITTEE NAMED TODAY...THEY HAVE SET THE TABLE FOR THE PARLIAMENT TO GET DONE WHAT THEY NEED TO...70 PLUS LAWS ON TABLE...INCLUDING ONES THAT INVOLVE CONSTITUTIONAL AMENDMENT...
7-17-2016 Newshound Guru Mountainman REMEMBER Sept 2,2016 is The NEW DIGITAL PLATFORM for NEW VALUES...OCT 1, 2016 is the NEW FISCAL YEAR and MANY Countries will and have been in the FINAL PUSH to Make Necessary Deals in ORDER to Settle DEBTS in the CURRENT FIAT SYSTEM...Don't FORGET (OIL) will Be SETTLING SDR ACCOUNTS in OCTOBER as Well...
7-17-2016 Intel/Newshound Guru Backdoc HOWEVER, THE IMF DIDN’T SAY THAT THEY WOULD SHOW US THE RATE THEN. IN MY OPINION, THIS TRANSITION BETWEEN THE TWO REALITIES NEEDS TO HAPPEN IN ORDER TO SEE A RATE. BE ENCOURAGED THAT THE ANNOUNCEMENT OF THIS IEX SYSTEM COULD BE MOVED UP AT ANY TIME! THEREFORE, NOBODY CAN PICK A DATE. MY CURRENT STUDY BEGINS ON SEPTEMBER 2ND (UNLESS THAT ANNOUNCEMENT CHANGES) AND ENDS IN MID OCTOBER FOR MANY REASONS! ALL OF COURSE IS JUST MY OPINION AND NOT INTENDED TO OFFEND ANYONE ELSE’S OPINIONS. [post 2 of 2]
7-17-2016 Intel/Newshound Guru Backdoc ...CURRENTLY THE IEX WHICH IS WHERE ALL ASSET BACKED DIGITAL CURRENCIES WILL BE TRADED DOES NOT FORMALLY EXIST TO THE PUBLIC UNTIL SEPTEMBER 2ND! IF IRAQ WERE TO LAUNCH A RATE AT THIS TIME, THE ONLY PLACE IT COULD SHOW IS ON THE CBI WEBSITE, NOT ON THE FOREX, BECAUSE IRAQ IS ASSET BACKED AND THE FOREX ISN’T! HOW WOULD THE PUBLIC TRADE ITS CURRENCY GLOBALLY WHEN THE SYSTEM TO TRADE IT DOESN’T FORMALLY EVEN EXIST UNTIL SEPTEMBER 2ND? REALIZE THAT THE IMF TOLD US THAT ALL WOULD BE DONE BY MID YEAR, RIGHT? RIGHT! IN MY OPINION, IRAQ DID GET THINGS DONE, OTHERWISE THE IMF WOULD NOT HAVE GIVEN THEM THE LOAN. [post 1 of 2....stay tuned]
7-17-2016 Newshound Guru Millionday Article quote: "The Iraq Mission Chief for the International Monetary Fund (IMF) has said that he sees no reason to devalue the Iraqi dinar “under current circumstances“, and says the authorities are “committed to maintaining the Iraqi Dinar’s peg to the U.S. dollar“. DEVALUING OBVIOUSLY WOULD NOT HELP IRAQ AT ALL WHILE THEY ENTER THE MARKET. SO AS WE SEE AS WE KNEW -- THE DINAR WILL BE ACCORDING TO THIS REPORT PEGGED TO THE USD.
7-17-2016 Newshound Guru Islandg1211 So, according to the LOI, the RV should be after the Investment Law is passed and before the end of the year. I think it's important that everyone understand that we should watch for the Investment Law, not worry about the GOI delaying this too much longer, and that YES, this RV is still being planned for before the end of the year. Mosul as well is a go now that the agreement is made with Barzani. Abadi now is talking about Political reform being put off for now until after Mosul and after the RV. [post 3 of 3]
7-17-2016 Newshound Guru Islandg1211 The LOI states that's there's a loophole clause within Iraq that if the oil price is different from the budgeted price, then the Budget can be cut without another vote. So, the IMF settled that one too. The Budget was cut...to 85%. I just gave two examples of the IMF using this LOI to get around the GOI. Well done IMF. What a difference this year is to previous years. The IMF has a plan. So the RV will come AFTER the Investment Law but BEFORE the crackdown on proving why you need USDs. The LOI states that the CBI will only have weekly auctions and will require proof of why USD is needed "by the end of the year." [post 2 of 3....stay tuned]
7-17-2016 Newshound Guru Islandg1211 The June 2016 LOI with the IMF states that the CBI should stop the MCP and work towards Article VIII compliance and that they should first pass the Investment Law. So, when will we see the RV? (IMO) WE WILL NOT SEE THE RV BEFORE THE INVESTMENT LAW. It's plain as day in Article A 14 of the June IMF LOI. Like me, you, and everybody, the IMF was concerned that the Monetary Reforms could get bottle necked in the GOI should politics decide to either hold it hostage or simple just stall. So, the IMF stated in the LOI that the COM could introduce the Investment Law OR the CBI could make new regulations that cover the same points. Don't you love that word "OR"!!! Clever of the IMF. This will probably lead to the actual passing of the Investment within the GOI since they know they can't delay or stop it. [post 1 of 3....stay tuned]
7-17-2016 Newshound Guru rcookie [...does anyone know what we would like to see happen with Turkey... to help with our investment...Who do we want in control of Turkey?] Personally - one way or the other, I don't think it matters that much... [you do not think what happen over turkey will cause a problem with our investment...?] I do not.
7-16-2016 Newshound Guru rcookie Article "Jubouri: 70 laws will be presented at future meetings .. and near terminate the membership of absentees" SO... JABOURI TELLING US MORE THAN 70 LAWS CUED UP AND READY FOR VOTE. YOU THINK PARLIAMENT IS GOING TO BE BUSY THIS WEEK.
7-16-2016 Intel Guru Dr. Clarke Vietnam - same thing. Waiting on the committee to "let them" begin the steep rise...because there is NOTHING stopping them now, and the dong is already International...waiting for the official "Go" signal...Vietnam - not sure of the time frame, now at this point, because it's a different animal than everyone else - but it's really close too, in proximity to Iraq. It is our Very Strong Opinion...you and anyone who wants to, can go to an exchange center, Bank or otherwise, and exchange Iraq's Dinar, for other currencies in all countries that choose, starting the LAST WEEK OF SEPTEMBER , and thereafter. RATES - NOBODY KNOWS. Of all the aspects of investment - NOBODY KNOWS RATE ahead of time - It's the most important variable of investment. [post 2 of 2]
7-16-2016 Intel Guru Dr. Clarke Seems like it's about Time, doesn't it? How about Triple Overtime? However, the U.S. committee, IMF & UN are not quite ready. The reason? A little more "insider bad guy cleanup" is happening, as we speak... Iraq will have a Major governmental structural change around Aug. 14th... When? When Iraq? When Vietnam? When GCR? Well, there is no official GCR...However...SEPTEMBER is when it all comes down (3rd & Last Period), so to speak for Iraq. Why haven't they yet... Well, here's your reason...it's a decision headed by the U.S. committee, through the IMF, then through the UN for official blessing purposes only...don't you think Iraq would've made their dinar internationally exchangeable, by NOW, if they could? Of course. No, they haven't been allowed to...for all the right reasons...a few more weeks, and you'll have your money - finally. [post 1 of 2....stay tuned]
7-16-2016 Newshound Guru rcookie THINK ABOUT THIS RELEVANT TO WHAT WE HAVE IN THE RECENT 2 WEEKS REGARDING THE FOCUS ON RESTRUCTURING CAPITALIZATION WITHIN BANKING SECTOR TO THE TUNE OF 200-400% IN BANKS OF ALL SIZES...NOW...NOT TO BEAT A DEAD HORSE...BUT...AGAIN...THE RECRUITMENT... ACQUISITION AND RETENTION OF FOREIGN INVESTMENT AND BUSINESS INTO IRAQ WAS POSSIBLE WITHOUT THESE TYPES OF FINANCIAL AND ECONOMIC UNDERPINNINGS...1 YEAR...3 YEARS...5 YEARS AGO EXACTLY HOW...JUST A HINT...THEY WERENT...NOT EVER...EVER...EVER... [post 2 of 2]
7-16-2016 Newshound Guru rcookie Article quote: "The workshop aims to identify the credit risk mitigation, and understand how banks calculate the capital to be allocated to address market risks, and how to calculate standard techniques LCR and NSFR liquidity by the Basel III requirements, as well as understand how conduct stress tests for all types of risk." SO THIS BASEL III WORKSHOP IS BEING HELD IN SYRIA JULY 25TH-28TH...THAT COVERS THE MEASUREMENT... MONITORING AND MANAGEMENT OF RISK SYSTEMS IN ACCORDANCE WITH BASEL III REQUIREMENTS RIGHT DOWN TO PRESSURE TESTING SYSTEMS...AND CAPITAL ADEQUACY RATIOS AND WEIGHTING SYSTEMS TO CREDIT RISKS WITHIN THEIR MARKETS WITH ICAAP STANDARDS (INTERNATIONAL CAPITAL ASSET ASSESMENT PROCESSES)... [post 1 of 2....stay tuned]
7-16-2016 Newshound Guru tlm724 Article: "Iraq moves to Turkey after refusing inclusion of the marshes in the World Heritage List" ...it looks like France, Turkey and Iran had objections to the Iraqi marshes being included on the list. France looks like they may be ok with it and they can negotiate with Iran but Turkey is gonna be a problem...first off as we all know Turkey is in a bad way as of today, too much uncertainty and its a power thing with this water. [Guru] BondLady explained in a desert region water is like gold and Turkey controls the spigot that lets water flow to Iraq. I pray they can work this out! The marshes are critical to civilization and must be preserved and nurtured.
7-16-2016 Newshound Guru wmawhite bottom line is; look around the region and ask ..."when Iraq is compared to the other countries and their GDP is the true value of Iraq reflected in their currency at $0.00086?" Simply; No. And this is why Iraq does not use it and that there are obstacles preventing it from being used as Citibank stated. IMO, when those obstacles are removed and the movement of the IQD is freed, IMO the CBI will move the value of the IQD to reflect its true value.
7-16-2016 Newshound Guru mike Article: "Moody's credit rating: Iraq's agreement with the International Monetary Fund will reduce its budget problems" I think Iraq has a ways to go to improve their credit rating with Moody's. What is a 'Sovereign Credit Rating': "A sovereign credit rating is the credit rating of a country or sovereign entity. Sovereign credit ratings give investors insight into the level of risk associated with investing in a particular country and also include political risks. At the request of the country, a credit rating agency will evaluate the country's economic and political environment to determine a representative credit rating. Obtaining a good sovereign credit rating is usually essential for developing countries in order to access funding in international bond markets." While I do believe things are and will get better in Iraq, they have to get Parliament to a functional state passing the needed legislation for economic advancement and political cohesion. Making payments to the Paris Club and the Kuwaiti's would also be a good thing.
7-15-2016 Intel Guru Bruce We went through many windows of time. The next window starts now. Administrative holds have been lifted and now in position for things to move forward...Very few people know the exact time, but we are very close for this to happen.
7-15-2016 Intel Guru Bluwolf All the bank inform me that nothing has changed and that they have been at their posts waiting for close to a month and a half for the final signal of GO. And from the sandbox we get that Iraq is finally doing good by its currency and by its people and that makes me very happy for these people and their land. ...The rates will be of your likings...You all know from my recollecting that July 17, 2016 is a deadline for the GCR to be of official domain ( something mention by a three letter economic agency in the month of March ).
7-15-2016 Newshound Guru tlm724 Article quote: "The illegal border crossings and projects revenue project Sakona most prominent on the agenda of the Commission's new legislative term." yep they gotta secure those borders, stop illegal crossing and collect tariffs! It's all part of the security and revenue plan and is part of the security Shabibi said was needed...wink!
7-15-2016 Intel/Newshound Guru Poppy3 ...ALL THE NEWS IN THE WORLD ABOUT POLITICS IN IRAQ NEVER HELP ANY OF US GET CLOSER TO THE REAL RV. I BEEN AT THIS LONGER THAN MOST AND I ASSURE YOU THE NEWS GETS US NO CLOSER TO ANYTHING...ONLY ACTIONS ON THE NEWS IS WHAT COUNTS. 90% OF THE NEWS WAS NEVER ACTED ON TILL HERE IN THE LAST FEW MONTHS BUT FOLLOW THE ACTIONS AND YOU'LL HAVE A REASONABLE IDEA ABOUT THE REST OF OUR WAIT.
7-15-2016 Intel Guru Frank26 ...it is very important that you understand the United States and Kuwait government devalued the Kuwait currency down to zero, practically nothing...and Saddam Hussein was the reason...so America comes in...and the first thing that we did was Marshall Law...and we took over the banking structure...In other words everything I’m telling you is the equivalent...and it is happening in Iraq...with very slight differences...using the American dollar until they were ready to bring back the Kuwait dinar...back to the international rate...with these loans they will quickly remove anything that is left as a remainder of Article 8...once they do qualify and all of Article 8 is removed...MO...all they need to do is raise the value of their currency...and that is it...that should be the final restriction... [reference Guru Frank26 post 7-14-2016...post 2 of 3]
7-15-2016 Newshound Guru Kperoni #16 is the most important.. "16. The authorities will gradually remove remaining exchange restrictions and multiple currency practice..." ...if the CBI does this..and I say "If" (because they have not so far), it will create momentum on the economy and more importantly on the dinar to appreciate in value. This is what we want to see...an open banking system with the world, no exchange restrictions, Article VIII, etc. etc. Once that happens, Iraq will become a vary exciting place to invest and the currency will rise in value. We just have to wait for them to get their act together. [Post 2 of 2]
7-15-2016 Newshound Guru Kaperoni Press Release: "Iraq : First and Second Reviews of the Staff-Monitored Program and Request for a Three-year Stand-By Arrangement..." ...this report is full of what Iraq needs to do to improve it's economic and banking performance. There is no discussion about currency reform (and I would not expect it). That being said, it needs to happen and we don't know when it will. But it is good to see so much of what we said needs to happen in the SBA, ie laws, remove restrictions etc. I also like they are doing everything they can to hold the dinar at the current exchange rate (peg) during this difficult time (even though many called for the CBI to devalue the dinar). [Post 1 of 2]
7-14-2016 Intel Guru Bruce WE WERE CLOSE ON TUESDAY, BUT ARE CLOSER TODAY. REDEMPTION CENTERS ARE STAFFED. POSSIBLE GO TIME TONIGHT. ADMINISTRATIVE HOLDS, UP TO 40 PARTS, NEEDED TO BE RELEASED. ALL WERE RELEASED YESTERDAY, AND NOW WE ARE IN A POSITION FOR NOTIFICATIONS TO COME OUT AT ANY MOMENT. BANKS ARE READY, SECURITY IS INCREASED, RAGE ON THE CITIES PLANNED FOR TOMORROW THE AUTHORITIES KNEW ABOUT BACK IN APRIL, AND WILL PROCEED WITH SAFETY AND CAUTION. TIMING, MAYBE NEW UN OPERATIONAL RATES ARE BEING SETUP FOR TOMORROW. NO GREAT FANFARE, NO GREAT ANNOUNCEMENT, JUST A FLIP OF THE SWITCH.
7-14-2016 Intel Guru Frank26 I believe that TIME FRAMED is within this year of 2016...that IMO...has been made by the IMF and the CBI and will be presented to you...but if a final decision on whether or not to raise the value of their currency and a final decision has been made on the rate by the GOICBI...then they need to do the final steps that brings it....and I think that is where we are at...and I think that is what you are going to see...from now until September...And I’m not telling you that September is the RV month...there is a TIME FRAMED...and they have made a decision... [post 3 of 3]
7-14-2016 Intel Guru Frank26 I’m here to tell you that the reforms are in full swing...it is only by capillaries that Article 8 is even still attached to Iraq... Quote: “Parliament Finance Must Investigate Regardless of the Loans to Prevent Corruption” ...every penny that is going into Iraq is going into the right places...for the right purposes...this is a plan...this is Time that has been FRAMED. ...when we came into Iraq we presented to them what is called the Marshall Law...they are calling it Marshall Iraq...this is the plan...and the Marshall Plan for Iraq...IMO....is coming to an end...this country is about to launch itself into the international stratosphere. [post 2 of 3....stay tuned]
7-14-2016 Intel Guru Frank26 ...on the 22nd of December, 2015...I said they are going to float their currency...they are going to come out with this 1 to 1 and they are going to bring this out into the international world in the first half of 2016 and oil prices are not going to go down they are going to increase...they will peak...and I gave you almost step by step...And the IMF is telling Iraq...we got this plan...this is what you are going to do...and in the process what was it that Dr. Shabibi wanted to give the green light to Abadi in order to raise the value of their currency...stability... [post 1 of 3....stay tuned]
7-14-2016 Newshound Guru Millionday A LOT IS GOING ON IN IRAQ AND WE ARE GOING TO WATCH THE FACTS REPORTED AND NOTHING ELSE... BUT THAT IS OK BECAUSE --- WHOOOPOW THE INK IS GOOD... Article quote: "Financial advisor to the Prime Minister, received Iraq for the first meal of the IMF loan, and while noting that the value of more than $ 600 million, noting that the money will go into the gates of the budget announced the appearance of Mohammed Saleh, said Wednesday." THE IMF LOANS ARE RECEIVED AND TOWARD THE BUDGET OF IRAQ...THE STIPULATION OF THESE LOANS WERE STATED TO BE -- REFORMS.
7-14-2016 Newshound Guru rcookie [...AUGUST 11TH WILL BE SESSION TO INTERROGATE MOD OBEIDI AS WELL AS TRANSPORT AND FINANCE MINISTERS...] AUG 11TH PARL HAULING IN THOSE 3 MINISTERS FOR QUESTIONING. [MP YOUKHANA DECLARES NAMES OF DEPUTIES WHO HAVE EXCEEDED LIMITS ON ABSENCES AND MOVE FOR DISMISSALAND REPLACEMENT...] THIS IS AWESOME...JABOURI ALSO MADE STATEMENT TODAY ABOUT PURSUING DISMISSAL OF THESE SLACKERS! [PARLIAMENT VOTED TODAY ON JUDICIAL OVERSIGHT LAW...] SO IS ANYONE THINK THEY DIDNT GET ANYTHING DONE IN PARLIAMENT...VOTED 1 LAW AND READ 5 OTHERS...AS WELL AS HOST OF OTHER THINGS.
7-14-2016 Intel Guru SteveI The news just keeps getting better and better every day. I was told they now can close the borders because Iraq has for the most part control of their country back. I am proud of Iraq and all countries that helped do this. All of this news is so positive it is hard not to smile.
7-14-2016 Newshound Guru Millionday FORMAL STATEMENT: "President Fuad Masum, on Wednesday, the 58th anniversary of the founding of the Republic of Iraq and the revolution of July 14 to establish diplomatic and economic relations with all countries of the world on the basis of equality and mutual interests, while stressing the need for refusal axes “policy.” PRESIDENT MASUM HAS CALLED ON WED -- INDEPENDENCE DAY TO BE THE ESTABLISHMENT ECONOMICALLY WITH ALL THE COUNTRIES OF THE WORLD. ECONOMIC RELATIONS WITH THE ENTIRE GLOBE IS WHAT THE GLOBAL PRICING INDEX WAS DONE FOR – THE ANNOUNCEMENT OF HOW THE VALUE OF THE DINAR AND US DOLLAR WILL COMPARE IN COUNTRY CAN ONLY COME FROM THE GLOBAL PRICING INDEX CALCULATION – NO OTHER WAY NO MATTER WHAT SOME MAY SAY OR MISTAKENLY GUESS --- THE OUTSIDE THE COUNTRY VALUES WILL BE A RESULT FROM THIS CALCULATION -- ECONOMICS 101. THIS IS GREAT NEWS AND A HUGE FORMAL STATEMENT FOR IRAQ'S PROGRESS AS AN INDEPENDENT AND OF COURSE TOWARD MARKET ECONOMY FOR THE NEW IRAQ.
7-14-2016 Newshound Guru Stryker [We don't hear about HCL much anymore is that something that you think is necessary for the RV to happen?] ...no the HCL isn't needed right now because it is covered in each years budget until a final HCL can be adopted, that's why we don't hear much about it anymore. Oil revenue disbursement, who pays contractors, power sharing on contracts and so on are all covered in each years budgets and are negotiated starting this time each year for the following years budgets. A permanent HCL will come in time.
7-14-2016 Newshound Guru wmawhite Article quote: "ABDUL MAHDI STATES AT ECONOMIC SEMINAR 400-500 THOSAND PEOPLE BEING PREPARED ANNUALLY FOR LABOR MARKET AND SOLUTIONS TOWARD ACTIVATING THE PRIVATE SECTOR" This is huge...otherwise, what is there for them to prepare the citizens for? The private sector is coming.
7-14-2016 Newshound Guru rcookie Article quote: "BRITISH AMBASSADOR FRANK BAKER VISITS MUTHANA PROVINCE GOVERNOR ZIADI AND DECLARES DESIRE OF BRITISH COMPANIES TO INVEST IN THE ENERGY, OIL AND AGRICULTURE SECTORS…" THIS IS JUST 1 OF 2 MEETINGS WITH AMBASSADORS TODAY WHERE COUNTIES ARE ANNOUNCING THEIR INTENTION AND READINESS TO ENGAGE INT'L INVESTMENT AND BUSINESS WITH IRAQ.
7-13-2016 Intel/Newshound Guru tman23 What we know for a fact...and for the very first time in Iraq... The Big Banks in all regions are communicating with the CBI and the rate when the rate fluctuates 127,000 or 127,500...it is the same at the same time in these major banks... this started this week and has been consistent enough to say they are on CBI protocols now...
7-13-2016 Newshound Guru Millionday I HAVE SOMETHING ON ISX REGULATIONS BEING UPHELD/ENFORCED. Quote: "The importance of experts confirms that offers companies listed in the Iraq Stock Exchange corporate disclosure early for annual financial statements during the period not to exceed 45 days from the end of the fiscal year include..." SO WHAT WE ARE SEEING HERE IS COMPLIANCE ISSUES BEING TAKEN CARE OF -- IF THEY ARE GOING GLOBAL IMO THIS WOULD BE HUGE FOR THEM AND TO SEE THIS BEING ADDRESSED SHOWS A SPOTLIGHT ON COMPLETE INTERNATIONAL COMPLIANCE FOR ISX.
7-13-2016 Newshound Guru Kaperoni Quote: “...the Iraqi Dinar ‘investment opportunity’ is a scam that has existed for more than a decade and has regained some of its former popularity..." Surely, the concept of "overnight" riches so often stated...makes this by definition a scam. That said, the potential for Iraq laid out in various documents including the IMF, WB etc. clearly show the upside potential for Iraq, which if achieved, would increase the value of the currency significantly. We just have to wait for that potential to come to fruition. There is nothing "to get to the bottom of," it's already well documented.
7-13-2016 Intel Guru Frank26 Abadi is keeping his promise...the IMF gave Iraq certain loans already...they are now ready to give them an international loan...that is a completely different story...first remove all the restrictions on your currency then we will give you these loans...the big one...it is the big international loan that is now waiting to be given to them and it is in the billions... the IMF is pointing the finger straight to Parliament...telling them..you want these loans...finish the reforms...finish the Monetary Reform...so IMO...Iraq is removing the final restrictions on the exchange rate...because they are Article 8 compliant IMO...and we sit very quietly waiting for them to announce this to you...you see the evidence from 500 IQD notes and 250 IQD notes...and you will see more soon. [post 2 of 2]
7-13-2016 Intel Guru Frank26 [Guru] DELTA came...and said...they just announced to the Iraqi citizens on Iraqia television that they are introducing the 500 IQD note to...the Iraqi citizens....this is the one with the Kurdistan language on it...So what else were we looking for...more of these LD’s...then once again DELTA comes...they just announced on Iraqia television the 250 IQD note...you understand the power behind this...these are lower denoms... they are introducing the currency without the 000’s. We see things coming together...we no longer seek the liberation of two cities...we now only seek the liberation of the program rate of the Iraqi dinar...it is important that you realize that Abadi said that as soon as they got back from Eid, they were going to do the reforms very quickly...they are doing them... [post 1 of 2....stay tuned]
7-13-2016 Newshound Guru Adam Montana ...we are done with Ramadan and the celebration of the end of Ramadan. Nothing major has sprung up since the end of the holiday, but I do find it interesting that today's Parliament session included these items: "Ninth: report and discuss the draft law on ratification the Convention on Avoidance of Double Taxation Law and exchange of information with respect to taxes on income and capital ... " "Eleventh: Report and discussion of the draft law of the government banks. (Finance Committee, Legal Committee )..." Why would we be hearing about these things if they planned to stay poor? I don't think they would. What we really want to hear about is the HCL...
7-13-2016 Newshound Guru Millionday Article quote: "...the central bank launched Strutijeth for the years 2016-2020 in conjunction with calls for fundamental and comprehensive of the Council of Ministers and the House of Representatives of change, pointing out that the strategy set and painted the road to reform banking..." NOTE -- THE CENTRAL BANK IS LAUNCHING THE 2016-2020 INITIATIVE TO ACHIEVE FINANCIAL STABILITY AND ACTIVATE THE BANKS AND THE INTERNAL AND EXTERNAL RELATIONSHIPS... THE CBI LAUNCH IS TO REMOVE OR ADJUST THE FINANCIAL SITUATION OF IRAQ. THIS IS THE FULL BANKING REFORM THEY ARE TALKING ABOUT – WHOOOPOW...INTERNATIONAL COMPLIANCE...THIS IS THE FORMAL COUNCIL OF AUDIT FOR BANKING TO ENSURE COMPLIANCE IS KEPT. THIS IS A HUGE STEP FOR THE BANKING REFORM.
7-13-2016 Intel Guru Bruce GCR of all the currencies in the world are under a new system. The banking system has been active for about a week. That swift system may stay around for about 100 days. The Cips system is much faster. Do we have an RV? YES. The RV took place for us on the 7th of July... Everything that needed to be done in certain parts of the country were done. All poised to begin what we are looking for which is the release of notification. The banks are ready which they have been ready. We really now to have happen is the very latest admin hold removed and the notification...to come out. That is really how close we are. [post 2 of 2]
7-13-2016 Intel Guru Bruce [via PinkRoses] We are in a very good place... On Sunday, Iraq was celebrating all over the country like it was the 4th of July. They were celebrating RV in country. They did show a new rate that was effective... it was going up from that point, not...locked in at a particular rate right now. Their cards have been charged for about a week again with a new rate... This is bigger than we thought 10 to 12 years ago. We were thinking it come back with a rate of 3.22, somewhere in that range. We know it will be higher in country because they have resources in country, oil, gold, diamonds...plenty of assets. [post 1 of 2....stay tuned]
7-13-2016 Newshound Guru Mountainman "HOLIDAY" or (Not)...this MILLION MAN MARCH, ABADI, CBI CLOSED, ISX as Well...Sure LOOKS Like FIREWORKS to ME...Not A BATTLE...But A CELEBRATION of A COUNTRIES VICTORY OVER It's PROVINCES and PLANTING of FLAGS...A WEEK LONG CELEBRATION...DAY by DAY...IMO
7-13-2016 Intel/Newshound Guru Poppy3 [...I was so excited when I saw the posts about the 1.18 in Iraq...] THATS WHAT I RECEIVED SEVERAL TIMES...I WAS ALSO TOLD THAT IS NOT A RV RATE OF ANY KIND AND IT WOULD BE A MINIMUM BASE FOR THEM TO WORK FROM BUT THATS A GREAT START... PERTAINS MORE TO FULFILLING THE BUDGET REQUIREMENTS. WE WAIT FOR ACTIONS TO BRING FORTH THE FACTS. I HAVE NEVER HEARD ANYTHING FROM ANYONE OFFICIAL THAT HAS ANYTHING TO DO WITH SETTING A RATE STATE ANYTHING ABOUT A FLOAT. THEY HAVE ALWAYS MAINTAINED A REASONABLE, MEDIAN RATE THEY KNOW THEY CAN MAINTAIN AND GROW THEIR ECONOMY FOR AT LEAST 24 MONTHS BEFORE THEY ALLOW A MARKET ECONOMY FLOAT PERIOD.
7-13-2016 Intel/Newshound Guru tman23 [Sadr is getting Mad again....Not passing laws...not opening up the economy...floating Bonds...borrowing money from the IMF...Taxing Imports...Now talking about raising taxes on citizens...Not good.] This Friday the people will be gathering...July 20th is a date set where as they are planning 10 million citizens to gather and over-throw the government of Iraq for ...LACK OF SERVICES AND WELFARE... TICK-TOCK! At this point they have to give the citizens something other than laws and empty promises...They need something tangible...REAL...And nothing in their country shows a promising future to them.... In other words they need instant gratification...the only thing that they all share in is the use of currency...AND IT IS JUST THAT SIMPLE!
7-13-2016 Newshound/Intel Guru BGG [Todays parliament meeting...on the whole package laws.] personally - I don't think that is what we are waiting on - good for Iraq, yes. Required for us... I doubt. [Do you think there is ANY chance they will lop?] I do not.
7-24-2016 Newshound Guru rcookie Article: "A new International Port between Iran and Iraq Kurdistan" WHEN IRAQ STARTS REPORTING RAW AND PURE ECONOMIC DATA FROM ALL REGIONS INCLUDING KURDISTAN...THEIR NUMBERS ARE GONNA BE THROUGH THE ROOF!!!
7-24-2016 Newshound/Intel Guru BGG Article: "Abadi accept the seventh resignation of a minister in his government" This goes back to the SJC set back suffered by Abadi about "how" he got the "reshuffle" started (by removing those guys)... Looks like he has somehow "persuaded" them to "voluntarily resign"...he will get his "technocratic GOI" sooner rather than later. regarding the "delays" - yes, there have been real delays...stop and think... half of Iraq was under the control of a hostile force... didn't need to be - but it was...Maliki was partially the author of it...security HAS been an issue... plainly, there have been plans published and retracted (or "tabled") that addressed currency reform...We're in much better shape now.
7-23-2016 Newshound Guru Millionday Article quote: "Iraq News Network", on Tuesday, a document issued by the Ministry of Finance / General Authority for taxes..." THEY ANNOUNCED TUESDAY TO LAUNCH INCOME TAX – NOTE -- THIS IS FROM THE MINISTER OF FINANCE... IT WILL BEGIN FROM JUNE 1ST -- HUGE NEWS FOR REVENUES MUCH NEEDED ETC...VERY INTERESTING WITH PARLIAMENT WORKING SO HARD.
7-24-2016 Newshound Guru Bondlady Article: "Ready to receive the ten global companies to complete the port of Faw in Basra" this port is very important and its a huge project that's been ongoing for years and years...its very close to completion and when it is whoa! talk about a huge money maker...this will be the largest port in the world, it will connect Iraq thru its shipping lanes...to the rest of the world...very big and huge deal for Iraq...thumbs up...
7-24-2016 Newshound Guru tlm724 Article: "Mutaiota describes the situation of the displaced people Hol camp catastrophic Abadi demanding urgent intervention to save him" Quote: "Statement Mr. Prime Minister , Dr. Haider al - Abadi ordered cell civilian crisis management to take immediate action to secure the necessary needs of displaced people..." it's hard to fathom the conditions these people are trying to live under...no food, no water, no sanitation, no meds, children starving and its like 130 degrees...so sad...take a moment and say a prayer for your fellow man!
7-24-2016 Newshound/Intel Guru BGG Article: "IMF agreement test for Iraq" IMF has developed a tremendous program to rewrite Iraq's ailing economy. The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East. While not saying " rv tomorrow" it's pretty compelling stuff...
7-24-2016 Newshound Guru Millionday Article quote: "Arab foreign ministers meeting in Nouakchott summit Nouakchott Esra Khalifa amid high hopes that the Arab summit to take the 27..." A HUGE ARAB MEETING -- THEY WANT TO EXPRESS THEIR OPINION OF IRAQ ETC. IRAQ IS MEETING WITH THEM ALL FOR SUPPORT FROM THE WHOLE REGION OF ARAB LEADERS AND ARAB SUPPORT. IRAQ IS MAKING IT CLEAR THAT THEY WANT THE BORDERS SECURE AND TO TAKE BACK CONTROL OF SECURITY FROM TURKEY AND HAVE IT UNDER THEIR CONTROL. IRAQ HAS ANNOUNCED THAT ONLY 10% OF THE TERRORISM IS REMAINING IN SOME REPORTS. IRAQ IS STATING THAT THEY WANT THE COMPLETE POWER OF ALL OF IRAQ AND ITS DECISIONS. IRAQ WANTS TO STAND UP AND CLAIM THEIR PLACE IN THE REGION WITH THE EXPECTATION OF BEING ABLE TO PROTECT THEMSELVES AND TAKE IRAQ BACK.
7-24-2016 Intel Guru Delta Article quote: "The Central Bank of Iraq , the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to " low value and stop the public about the circulation ," according to a statement of the bank. A source in the CBI told the " term " that " the bank does not want a conflict between the currency and the category of 50 dinars 500 dinars in case of deletion of zeros from the last..."
I DID BRING THIS...FROM 2/27/2015 TO REFRESH YOUR MEMORY, WHEN THE CBI DECIDED TO WITHDRAW THE 50 DINARS NOTE, THEY DID STATE THE REASONS! AS WE KNOW THE NEW 500 DINARS IS CONFIRMED WITH KURDISH LANGUAGE, THAT'S WHY I DO BELIEVE IMO WE ARE SO CLOSE TO SEE AN INCREASE IN EXCHANGE RATE.
7-24-2016 Newshound Guru Backdoc QUIET WE ARE WITH A PURPOSE FOR A PURPOSE! WISH I COULD TEACH MORE ON THE COMING DAYS BUT YOU ARE IN EXCELLENT SHAPE WITH YOUR INVESTMENT.
7-23-2016 Newshound Guru Kaperoni Article: "Reform plans awaiting allocations and mechanisms of action" Quote: "...the central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives...activating the role of financial institutions and the banking sector" Super article IMO as it describes how the economy and banking sector are tied together. This is exactly what we have been describing will occur over the next few months, years to come to create a market economy and raise the dinar value. Good and exciting stuff!
7-23-2016 Newshound/Intel Guru BGG "OBEIDI ANNOUNCED POPULAR CROWD WILL PARTICIPATE IN MOSUL LIBERATION..." the bigger news than who it is - is that it is soon (the liberation of Mosul)...key city in Iraq - sets the stage for real stability - if this is one of the "biggies" for the IMF. Mosul will be captured - the US would not be there if it were not a "given"... the progress is breathtaking...As far as this investment goes...all good for Iraq.
7-23-2016 Intel/Newshound Guru tman23 ...Abadi is saying he would launch in October...which is more likely since they are trying to stabilize Anbar still with security and have large security forces deployed in baghdad...At a press conference later, Kerry praised the government of Prime Minister Haider al-Abadi, but said: “We would like to see some reforms moving faster.” REFORMS MOVE FASTER...THEY ARE NOT LIBERATING MOSUL COMPLETELY UNTIL THEY CAN IMMEDIATELY BEGIN REHABILITATION AND RETURN SERVICES TO THE CITY...THIS IS WHAT THEY ARE PLANNING...ABADI IS SAYING UNTIL OCTOBER...and...security after liberation is the biggest concern of all...Rebuilding the second largest city and providing immediate service is an issue...UNCERTAIN SECURITY... UNCERTAIN of the Country uniting post ISIS...Uncertainty by the MAJORS tells me NO CURRENCY CHANGE...IMF said...That Iraq is expected to enter the International Market by mid 2016... Simply put, the reality of Iraq meeting expectations will most likely end in disappointment...
7-23-2016 Newshound Guru Millionday Article quote: "Basra Gas Company director Darraji Shaalan announced the company's intention to export a consignment of gas liquid substance cooking gas up to 1500 tons next week."
SO GAS IS TO EXPORT NEXT WEEK /THIS -- AND LOOK AT THIS COMING -- WOW. Quote: "Organization of Petroleum Exporting Countries {OPEC announced} Friday that the price of raw materials of the 14 basket rose on Thursday rose 20 cents to settle at 93.42 dollars a barrel compared with 73.42 dollars a barrel on Wednesday." PRICING RAISING AND OF COURSE THIS IS GREAT FOR IRAQ AND THEIR INTERNATIONAL EQUATION...WHOOOPOW. REPORT...SAYS FOR THE FIRST TIME IN HISTORY -- IRAQ IS EXPORTING LIQUID GAS -- AND HEADED FOR THE RED SEA SUNDAY AND THEY ARE PAYING VERY CLOSE ATTENTION TO SAFETY AND WILL BE ATTENDED BY MANY AS YOU CAN IMAGINE...
7-23-2016 Newshound Guru Shredd ...the IMF's continued support and re-clarification that the peg to the dollar is in place is a good thing. It is just a matter of time that the dinar will gain value as Iraq diversifies in it's outputs and regrows its reserves from oil revenues. We are not invested in some penny stock that we're hoping to get rich on like the inbred, get-rich-quick dummies do. We are invested in a sovereign currency for a wealthy country that is a new democracy and who has immense global support for economic dependence and participation in global economic growth. [post 3 of 3]
7-23-2016 Newshound Guru Shredd [list continued]
7. The national currency trading outside the country would have a positive impact to buy more goods and services for the benefit of the country.
8. Grow GDP with a diversified balanced economy via a balanced increase of costs of goods and services while also increasing wages.
9. Finally have transparent financial openness, which contributes significantly to investment because of a healthy banking system which in turn stimulates the global banking industry.
10. Move to a single currency regime and move out of currency auctions.
Let me also add that... [post 2 of 3....stay tuned]
7-23-2016 Newshound Guru Shredd Article: "IMF says no reason to devalue Iraqi Dinar" This article captures most of the upside of having the dinar on par with the dollar. I'll list em for ya!
1. Having a sovereign, representative currency that is consistent with the cash reserve ratios.
2. Having a strong dinar rate that contributes to the national currency trading in foreign markets (huge btw).
3. Fully implement the project to delete the zeros which provides an exit from the country's economic crisis.
4. Restoring the money supply structure in line with the market data.
5. Allow for transparent, compliant trading currency between banks and other institutions operations.
6. Have a currency rate that responds to market fluctuations in a consistent manner. [post 1 of 3....stay tuned]
7-23-2016 Newshound Guru tlm724 Here are the statistics I want to share with you all: CIA The World Factbook: COUNTRY COMPARISON :: RESERVES OF FOREIGN EXCHANGE AND GOLD: Reserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country's balance of payments needs as of the end-date of the period specified.
RANK RESERVES OF FOREIGN EXCHANGE AND GOLD:
37 IRAQ $57,070,000,000 31 DECEMBER 2015 EST
49 KUWAIT $31,430,000,000 31 DECEMBER 2015 EST
Isn't that pretty ? Iraq has quite a bit more gold and reserves... [post 2 of 2]
7-23-2016 Newshound Guru tlm724 I spent some time this morning researching some numbers. I did a comparison of Iraq and Kuwait since I like Kuwait's exchange rate : 1 Kuwaiti Dinar equals 3.31 US Dollar. The improving security environment and foreign investment are helping to spur economic activity, much more attention needs to paid to the private sector and that is on the table. The overall standard of living still depends on the central government passing major policy reforms and laws...and that too is being addressed, it is just a matter of time. ...I did some research so I could answer that old question: Can Iraq support a one to one exchange rate? Well the answer is a resounding hail Yes and then some! [post 1 of 2....stay tuned]
7-23-2016 Newshound Guru Bondlady Article: "Exchange rate and disinformation" Quote: "Mohammed Sharif Abu Mayssam repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios..." ...this is a good article an could very well mean even better for us than what its saying...the fact that this article even exists means they are working on this right now, they are discussing all the pros an cons of it as they've done the last few times they've been ready to move the dinar rates or do something with the currency...we all know its long over due...this is definitely different than the last 10 plus years...I really do expect things to change in a big way with the new agreements made with talibani...art 140...hcl... several more huge things...I believe we will see those come to light very soon...hang in there every one ...its lookin very good for us all imo.
7-22-2016 Intel Guru Bruce Last Tuesday we discussed that the codes the banks needed to enter in order to begin paying the SKR's have been entered. Initially, the pings were not returned, so the codes were re-entered and put into process. Then tonight [Thursday] around 5 pm, we heard that all SKR were actually funded and liquid...We believed that the SKR was part of the shotgun start, and had to be fully hydrated before the rest of us went. We are hearing very good things. After SKRs have been made liquid I cannot think of anything else that needs to happen except notification...we are making progress. The system has been put on autopilot. As far as window, we are there, but we do not know when the window is. No one knows...
7-22-2016 Newshound Guru rcookie Article quote: "The Iraqi sources had confirmed for "new Arab", the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission." SO HERES THE OUTLINE FOR THE 3 PHASES IN ABADIS CABINET RESHUFFLE...PHASE ONE ...NATIONAL ALLIANCE...PHASE 2 IRAQI FORCES UNION AND KURDISTAN ALLIANCE...3RD PHASE COMPREHENSIVE DISMISSAL OF ALL MINISTERS...AND THE 7 RECENT CABINET RESIGNATIONS DID NOT RESIGN ON THEIR OWN...HEADS OF CENTRAL BANK...COUNCIL OF JUDICIARY AND ELECTORAL COMMISSION... [Wonderful!] AGREED!
7-22-2016 Newshound Guru mike Like Kap [Guru Kaperoni] said...at least there's still a plan. There's been many times I've been called negative but it's more pragmatic than anything else, I don't get emotionally involved with any of the investments I'm in, it takes away from the objectivity. Bottom line, if the dinar goes to a quarter, I've made a 25,000% profit, which ain't too shabby. But to act like everything's hunky dory over there is disingenuous. [reference Guru Kaperoni post 7-20-2016]
7-22-2016 Newshound Guru Millionday I WOULD SAY IF THE BUDGET IS OPENING AND THE PRIVATE SECTOR IS ACTIVE AND TAXES ARE FLOWING AND OF COURSE CORPORATIONS AND INSURANCE IS ACTIVE...WE WOULD SEE SOME VERY IMPORTANT THINGS IN PLACE FOR THE PEOPLE...THERE ARE NO OBSTACLES IN THE WAY OF PASSING THE CITIZEN BENEFITS -- GOV AND STATE PROGRAMS...SO MUCH IS BEING REPORTED AS BEING FINALIZED AND OF COURSE REFERRED TO AS PART OF THE REFORM... MANY VERY IMPORTANT LAWS ARE ON THE TABLE AND BEING ADDRESSED FOR THIS PARLIAMENT SESSION OR SESSIONS -- I DON'T REMEMBER THEM MEETING EVERYDAY BEFORE NOW BUT THE MEETINGS ARE CERTAINLY VERY IMPORTANT ---- HUGE. WE HOPE TO SEE RESULTS FROM WHATS ON THE TABLE...THEY APPEAR TO BE DETERMINED TO CREATE SOME.
7-22-2016 Newshound Guru wmawhite Article: "Exchange rate and disinformation" Quote: "...repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar..." Again...out of no where calls for the true value of the IQD to be brought forth.
7-22-2016 Newshound Guru rcookie Article: "Exchange rate and disinformation...Mohammed Sharif Abu Mayssam" Quote: "...repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar..." WOW!..A LOT GOING ON HERE! BRINGING PARALLELS TO FOREIGN RESERVES VALUE RELATIVE TO CURRENT IQD VALUE RATIO...AND WARN OF GUARDING AGAINST THEORIES SUPPORTING THAT AS THE ONLY OR MOST IMPORTANT MARKER...AND GUARD AGAINST OVERVALUING AGAINST CURRENT IMPORT STATUS FOR TRADE CONSIDERATIONS...THAT AUTHOR... MAYSSAM IS A VERY WELL RESPECTED ECONOMIST WRITER FOR ALSABBAH...BUT MANY OF THE POINTS MADE ARE SHARED BY MANY IRAQI ECONOMISTS...
7-22-2016 Newshound Guru tlm724 "IMF News: Can you explain the significance of maintaining the Iraqi Dinar’s peg to the U.S. dollar?" "IMF says no reason to devalue Iraqi Dinar". I found the direct quote by the IMF mission chief for Iraq Christian Josz on July 14, 2016 on the IMF site...
7-22-2016 Newshound Guru Millionday "...the oil and gas law of important laws, but he had previously introduced in the previous parliament sessions and did not get an agreement on the approval..." WE REMEMBER THAT THEY DID MEET ON THE HCL MANY TIMES BUT THE INTERESTING PART IMO AT THAT TIME WAS THE LACK OF RESULTS... Quote: "...and reached Baghdad and the Kurds an agreement in December to resolve the dispute over the rights of the export of oil and revenue sharing, but the deal has not been implemented in the past few months..." THE AGREEMENT HAS BEEN REACHED BUT NOT LAUNCHED -- SO THIS IS HUGE WITH THE GOALS OF PARLIAMENT AND GOV TOWARD ALL IMPORTANT LAWS... WHOOOPOW...
7-21-2016 Newshound Guru wmawhite "IRAQI STOCK EXCHANGE LOOKING FOR INVESTMENT PROMOTION AFTER DISCUSSING ROLE OF RULES FOR CORPORATE GOVERNANCE..." This is truly preparing for opening the ISX for international investors.
7-21-2016 Newshound Guru rcookie "IRAQI STOCK EXCHANGE LOOKING FOR INVESTMENT PROMOTION AFTER DISCUSSING ROLE OF RULES FOR CORPORATE GOVERNANCE..." "...TO INCREASE FOREIGN INVESTMENT IN ISX AND COMMUNICATING DATA TO MARKETPLACE AND LAUNCHING A REAL TIME ONLINE TRADING PLATFORM..." THIS IS ABSOLUTELY HUGE...! DATA SERVICES CENTER FOR DISSEMENATION OF INVESTMENT AWARENESS!...SEC EXPERTS COMING TO TOWN... OPERATIONAL PERFORMANCE OF BANKS...WOW. DO YOU THINK THAT HAS ANYTHING TO DO WITH THE WORKSHOP ON 26-28 ON ICAAP...IN SYRIA...IT IS ALL COMING TOGETHER FOLKS.
7-21-2016 Intel Guru Delta FROM IRAQI TV: "John Kerry praises at a news conference with Iraqi Prime Minister Haider al-Abadi , but said " we would like to see some reforms faster ." EVEN JOHN KERRY WANTS ABADI TO MOVE FASTER. [It's my understanding that we are sending 500 more troops over there...] US PRESENT IN IRAQ IS VERY IMPORTANT, ABADI KNOWS THAT. ABADI WILL GET THE REFORM DONE, AND I BELIEVE HE IS WAITING FOR THE RIGHT TIMING...ALSO REMEMBER THE US WILL HELP THEM TO START THE FINANCIAL REFORMS IN THE CBI. IMO STARTNG NEXT WEEK WE SHOULD SEE SOME ACTION TAKING PLACE.
7-21-2016 Newshound Guru Aggiedad77 ...some folks are getting anxious for conclusive action...but I for one continue to give Abadi a great deal of credit for the effort and work he has put into Iraq as their leader...Abadi is fighting war on many fronts, not just with DAASH/ISIS, but with major corruption in all areas of Iraq, and especially so with some higher level government officials who do not want to see their little kingdoms broken down, so they fight him every step of the way...he's still got the likes of Maliki...he has to contend with Iran...all in all he's doing better than most want to give him credit for...hard-headed, shrewd, and very smart...he is...he now has the resignations of those who may have been pushing against him...and he has the opportunity to insert those technocrats he wanted to start with...Let's hope they hit the ground running...my opinion about Mosul...it's coming...and I'm thinking it won't take until October to start things...in all likelihood things will be done by October...IMO.
7-21-2016 Newshound Guru mike B- Moody's credit rating and all the other stuff just screams that Iraq isn't handling their business right now. Here's hoping the IMF leverages the billions they're giving Iraq to change their ways and move this country forward. No more money unless you conform. Period. At least the plan is still in play, we just need the politicians to...get to work. [post 2 of 2]
7-21-2016 Newshound Guru mike Article: "America Announces more than two billion dollars to collect the donor conference for Iraq" For years I've heard about the vast wealth of Iraq and yet, here we are, throwing donor conferences and raising $2.1 billion dollars for these folks. They've already borrowed against their SDR holdings and the IMF is loaning an additional $5.5 billion over the next three years. These guys don't look so wealthy to me. In fact, they look broke as hell. It's clear the interest the US and other western countries show Iraq has nothing to do with making money. It's more about keeping them from sliding down the slippery slope of corruption and greed and dragging the whole ME down with them. [post 1 of 2....stay tuned]
7-21-2016 Newshound Guru wmawhite Article: "LEGAL EXPERT STATES CONSTITUTION DOES NOT ALLOW FOR QUESTIONING OF MINISTERS WHO HAVE HAD RESIGNATIONS ACCEPTED..." Yep...if you don't want to be questioned...get the heck out of Dodge...resign.
7-21-2016 Newshound Guru rcookie Article: "ABADI ACCEPTED SHARASTINI RESIGNATION TODAY…" NEWS THAT ABADI WILL BE ADDRESSING REPLACING RESIGNATION POSITIONS NEXT WEEK. Article: "LEGAL EXPERT STATES CONSTITUTION DOES NOT ALLOW FOR QUESTIONING OF MINISTERS WHO HAVE HAD RESIGNATIONS ACCEPTED..." THERE IT IS...SOME UNDERPINNINGS TO THESE 7 RESIGNATIONS IN THE LAST 2 DAYS...IF RESIGNATIONS ACCEPTED ...CANT BE QUESTIONED BY PARLIAMENT.
7-21-2016 Intel Guru Frank26 ...companies are agreeing with them and signing contracts... as an international company...we will come in...we will follow all your rules and laws and regulations that you want...with your banks...your currency...your government... your everything…but we want our rate of return to be equal or at least profitable...and at a program rate we would lose money...IMO...the majority of the contracts...are set to expire sometime around October. The auctions will end…the multi-currency policy will end...and it is ending...The auctions...the multi-currency policy...the MCP...and the rate...increasing must all occur together...And for people who say...I don’t see...advancement...I don’t see anything good going on...are you kidding me. [post 2 of 2]
7-21-2016 Intel Guru Frank26 The United Nations did not meet in April or May...it bummed us out because it gave us less hope for...July...but we are excited because the UN is meeting with Iraq now...IMO...they are meeting with Iraq because of what they are doing to remove Article 8...we want to see things faster...but this is a logical approach and...there are a ton of moving parts…and as far as what is going on with the Iraqi Stock Exchange and the IEX...there are things that are going on with currencies that we don’t need to talk about…Why would a company sign with Iraq if they didn’t think they were going to get their rate of return back... [post 1 of 2....stay tuned]
7-21-2016 Newshound Guru Millionday WE HAVE AN IRAQI BANKING MEETING ON THE 23RD AND ALSO HAVE THE US ALONG WITH MANY OTHERS -- BUILDING A POLICING FORCE FOR IRAQ -- ALL GREAT ACTION AND NEEDED...WE WILL WATCH ISX CLOSELY ALONG WITH CBI ETC...PARLIAMENT IS MEETING ALL WEEK...LOTS OF GREAT NEWS OUT.
7-21-2016 Newshound Guru Islandg1211 ...while the 2nd HALF of 2016 (and into the next 3 years) is for the RECONSTRUCTION PHASE - the SBA/Marshall Plan, and for liberating Mosul. IMO, the PLAN IS TO RV AFTER THE WAR PHASE to kick off the RECONSTRUCTION PHASE... When this plan for the Monetary Reform, the commitment to liberate Mosul, and the multi-year reconstruction was outlined, the RV WAS INCLUDED. But, the GOI has been non-effective for the entire 1st half of the year. THEY STILL NEED TO PASS THE INVESTMENT LAW AMENDMENT. THIS NEW JUNE LOI STATES THAT "AS A FIRST STEP" THE INVESTMENT LAW WILL BE INTRODUCED BY THE COM. The Anti-Money Laundering Law needs some additions that the IMF wants to see as well. [post 2 of 2]
7-21-2016 Newshound Guru Islandg1211 WHY DID WE NOT SEE THE RV "BY MID-YEAR"? NONE OF THE REFORMS that had been planned got done in the first half of the year. PRESUMABLY, THE RV IS VERY MUCH A PART OF THE PLAN FOR THIS YEAR IN ORDER TO ADDED VALUE AND HELP WITH THE RECONSTRUCTION OF IRAQ IN ADDITION TO ALL THESE LOANS AND GRANTS. THE GOI STILL NEEDS TO PASS THE INVESTMENT LAW AMENDMENT. I'm still encouraged that the Monetary Reform is, in fact, being planned by the U.S./IMF with coordination with other countries, the World Bank, and the UN. A lot of money is expected to pour into Iraq such as: IMF loans, WB aid, UN aid, Other countries' aid, Private sector loans, Bond sales, Deferred Paris Debt. ALL OF THIS MONEY POURING INTO IRAQ IS UNPRECEDENTED. ...the 1st HALF of 2016 was getting Iraq (mostly the CBI) in position to receive these LOANS FOR THE RV... [post 1 of 2....stay tuned]
7-21-2016 Newshound Guru Adam Montana Iraqi Parliament does have an influence. The governing bodies in Baghdad and Erbil, the powerful Shiites and Sunnis, and the elected officials that you hear about - they have an influence. Their specific influence, at this time, is regarding the progress of the HCL. We expect to hear that news very soon. But at the end of the day, not one of them can do what the CBI can do... the CBI is the only thing that can change the rate. That's where we are...Final thought....GO HCL! [post 3 of 3]
7-21-2016 Newshound Guru Adam Montana When it comes time to RV, Iraq itself isn't even the controlling factor. Parliament is not the controlling factor. Abadi is not the one that will "push the button", nor will Shabibi or the IMF. In fact...an article earlier...shows exactly how little the IMF has to do with anything... they are more and more becoming a useless organization with no more actual influence over the rate of the dinar than the UN has over North Korea. The controlling entity is, and always will be, the CBI - Central Bank of Iraq. And the reason why is extremely simple - because THEY are the ones that regulate and operate the auctions, which is where the rate is set. That's it. End of story. [post 2 of 3....stay tuned]
7-21-2016 Newshound Guru Adam Montana As of today, we do not have an RV. I believe that's because we don't have an HCL, but this isn't an entirely bad thing. I say that specifically because there is no reason to believe the HCL will not go through... it's just not happening as fast as we want. Since we can't control the HCL, or the rate of the IQD for that matter, let's focus for a minute on something that we CAN explain... "Who, or what, exactly, controls the rate of the IQD?" In the past, there have been a lot of questions about who controls the rate, what entities can influence an RV, does X or Y or Z have to approve, and so on. Let's break this down, and we will all walk away better educated! [post 1 of 3....stay tuned]
7-20-2016 Newshound Guru Kaperoni Article: "Exchange rate and disinformation" Quote: "Mohammed Sharif Abu Mayssam...repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios..." This guy hit the nail on the head..that the dinar cannot rise in value at this time and you cannot randomly increase the value just because the CBI has large reserves. That until the banking system is open to the world, and the economy is diversified, they cannot raise the value. Again, the good news is the plan is to raise the value. The bad news is that raising the value is part of a set of moves that need to be coordinated at the right time as part of the transition or activation of a market economy. It will come, we just need to be patient so they can get in compliance, pass the laws, stability, etc. in place.
7-20-2016 Newshound rcookie SADR THREATENING MASS DEMONSTRATIONS THIS WEEK AND NEXT WEEK...ABADI REPLIES THAT ANY ARMED DEMONSTRATORS WILL BE TREATED AS TERRORISTS BY SPECIAL SECURITY FORCES...
7-20-2016 Newshound Guru Aggiedad77 Article: "Prime Minister Haider al-Abadi will be presented during next week's seven new ministers in the cabinet his booth" ...incredible timing...what I find as interesting is this move goes from six ministers resigning...to him replacing seven ministers now...get 7 for the price of 6...not a bad deal...Abadi he's a shrewd PM...trustworthy but shrewd...these guys will be instrumental in the coming reforms...this is good stuff...really good stuff...more to come too I'm sure...oh and...keep an eye out for Boeing talking to Iraq.
7-20-2016 Newshond Guru Bondlady Article: "Nouri al-Maliki met the Kurdish politicians in Sulaymaniyah" Article quote: "Al-Maliki said that "the alliance between the Kurdish movement of change and the Patriotic Union of Kurdistan is a positive step worth blessed and support" ...both sides will HAVE to make concessions on the HCL and art 140, gotta amend the Constitution... after 8 years its time Iraq wins, not just a certain block...believe it or not Talibani an Maliki can make this work now...
7-20-2016 Newshound Guru tlm724 Article: "Nouri al-Maliki met the Kurdish politicians in Sulaymaniyah" I must say that NO one understands the inner working of the GOI better than [Guru] BondLady...I don't think the Iraqi's understand it like she does! If she says this is a good thing then I believe her and I do agree with her. The only way for Iraq to get it together is to come together! maybe Maliki and Talabani will make the difference...they do have strong followings , both of them. [reference Guru Bondlady post 7-17-2016]
7-20-2016 Newshound Guru tman23 [...where do u think we are at...will we have to wait till 2020 when iraq is fully working or will they redenominate and use the money to start the economy?] Actually...Maliki is up in Kurdistan trying to smooze the PUK and Gorran...He was suppose to stay and visit some sites but cut his trip short and headed back to Baghdad...maybe a sign that things did not go as planned...tomorrow is a big meeting in Washington over Mosul...Kurds not invited! I suspect that this whole thing could fold like a cheap sears tent at anytime.
7-20-2016 Newshound Guru Millionday [This sets them up to trade internationally, for both institutions and brokerage houses. Getting ready for something.] I AGREE -- THIS IS HUGE AND EXPECTED. THE IQD WILL BE A SOLD PRODUCT PRICED TO COMPETE...IRAQI DINARS WILL BE PRICED AS WITH ALL GLOBAL CURRENCY ON STOCK MARKETS -- IMO... [post 2 of 2]
7-20-2016 Newshound Guru Millionday Article quote: "Hashemi discuss the Iraq Stock Exchange the role of activating the rules of corporate governance contribute to the disclosure of corporate and bank guarantor to attract and promote investment..." SOME LEGISLATION AND REGULATION CHANGES ON THE WAY FOR ISX TO IMPACT OUTSIDE INVESTORS AND CORP. Quote: "...the workshop will be held under Iraq 's need to diversify its financial resources from the non - oil sector... for trading on the Iraq Stock Exchange..." THEY HAVE THE GOAL AND MANY REASONS TO BE DIVERSIFYING. BRINGING IN OUTSIDE OF IRAQ TO INVEST IN ISX...WHOOOPOW. [post 1 of 2....stay tuned]
7-20-2016 Intel Guru Bruce We are at the end...yet things going on behind the scenes...we are ready from a banking point of view...they are about ready to pay out the SKR's, and when the SKR's get paid out, that triggers out the rest we are waiting for, the RV...We came very close this morning [Tuesday]. What is interesting about that, is that there are certain procedures that needed to be followed that were followed, but for some reason did not work. We did not get our Go. There is talk this slight delay has been a result of currency trading to bring the currency up to value.
7-20-2016 Newshound Guru wmawhite Citibank stated that it is working with the Trade Bank of Iraq to remove the obstacles to the Iraq currency to move freely around the global.
7-20-2016 Newshound Guru rcookie [...isn't this one big puzzle that corruption has to be stabilized to enhance these investments and protect the investor.] CORRUPTION IS BEING STABILIZED ON A DAILY BASIS WITH THE ASSISTANCE OF EVERY WORLD AGENCY IMAGINABLE...UST...UN...WB...IMF AND THEIR OWN INVESTIGATIVE AGENCIES.
7-19-2016 Intel Guru Frank26 Jubouri fired a bunch of ministers...and those seats have to be filled...that way you are compliant with Article 8... yes you are becoming Article 8 compliant...is it in effect...no...because the UN still has not removed Article 8...and also because the UN is just now meeting...and in all honesty you know it is going to take them a month to deal with these meetings...I’m not looking at September...I’m looking at October...they are doing all of the things really fast...so...IOO...we have calculated into September/October. [post 2 of 2]
7-19-2016 Intel Guru Frank26 IMO….I feel that we are very close…IMO there are some things being done right now...not only with the Iraqi dinar but with many currencies around the world... I don’t think the topics or subjects that are being dealt with right now with currencies around the world is something we should get deep into...I don’t. If we truly are…this close to the fire...don’t get so close that you burn yourself...observe it from a distance and prepare yourself to deal with that fire. [post 1 of 2....stay tuned]
7-19-2016 Newshound Guru Bondlady Article: "Nouri al-Maliki met the Kurdish politicians in Sulaymaniyah" Quote: "In a visit to the opponents of Massoud Barzani, the Kurdish politicians in Iraq, met Monday July 18th president of a coalition of state law, Nuri al-Maliki..." this...was a super important meeting between the 2 largest blocks in parliament...they are also friends and have been for years, or at the very least political friends and yes allies ...these 2 agreed on many many things in the past...it was called the erbril agreement...now that the union between kurds an erbril has been signed theres gonna be a lot of coming together instead of always throwing wrenches in the mix...this union makes majority things happen and forces blocks to make concessions, FOR THE BETTERMENT OF THE COUNTRY...this was the push they needed to...come together as a team...im really looking forward to seeing them finally getting there shxx together and I believe we will see all the laws needed to be passed come to light...huge big laws and enactments...
7-19-2016 Newshound Guru rcookie Article: "World Bank and Government of Japan to Promote Inclusive Growth and Private Sector Development in Iraq" THIS DIRECTLY FROM WORLD BANK WEBSITE...SO...WORLD BANK AND GOVERNMENT OF JAPAN ANNOUNCING SERIES OF 4 NEW GRANTS FROM JAPAN OF $2.1 MILLION TO SUPPORT IRAQS DEVELOPMENT & REFORM PROGRAMS TO ENHANCE INSTITUTIONAL EFFICIENCY AND PROMOTE GROWTH...HMMMM SOUNDS LIKE INSTITUTIONAL STABILITY. WOW!
7-19-2016 Newshound Guru tlm724 Article: "Kurdish lawmaker: redraft the constitution of the new needs to be a political consensus" Quote: "...the main components in Iraq, despite the installation of their rights in the Constitution but did not get them, referring to Article 140 of the Constitution..." he is right, they never finished what they started with article 140. ...the gist of the whole thing...the disputed territories...without a resolution things will never get settled and run smoothly...having said that I do believe they are on the right track and trying to get and keep it together...
7-19-2016 Newshound Guru wmawhite Article quote: "NATIONAL COALITION TO HOLD REGULAR MEETING TO DISCUSS REGIONAL & NATIONAL DEVELOPMENTS…" Iraq is beginning to pull together the "REGION"...The regional business leaders see what is happening.
7-19-2016 Newshound Guru rcookie Article quote: "CITIZEN BLOC REP SHAWKI REVEALS NAMES OF 19 MP’S FOR REMOVAL OF IMMUNITY IN PREVIOUS SESSION WITH 3 REMAINING NEEDED FOR CURRENT SESSION DUE TO VIOLATION OF ABSENCES RULES..." WE HAVE HEARD A LOT ABOUT THIS IN LAST WEEK OR SO...JABOURI IN HOT PURSUIT OF MP'S IN VIOLATION OF ABSENCE LIMITS...16 FROM PREVIOUS SESSION...3 CURRENT...HOLDING FEET TO THE FIRE OF HIGHER STANDARDS... INSTITUTIONAL STABILITY....
7-19-2016 Newshound Guru rcookie Article quote: "PARLIAMENT CALLS FOR NAMES SUBMITTED FOR COMMITTEE SELECTION TO AMEND THE IRAQI CONSTITUTION AND SUBMIT PROPOSAL FOR PUBLIC REFERENDUM..." THIS IS HUGE AS UNDERPINNINGS FOR LAWS THAT REQUIRE CONSTITUTIONAL AMENDMENT ALREADY UNDER WAY! THIS COMMITTEE WILL BE CHARGED WITH CHANGING IRAQI CONSTITUTION IN REGARDS TO SOME LAWS TO BE AMENDED...AND PUT TO PUBLIC REFERENDUM.
7-19-2016 Newshound Guru wmawhite [with them entering the world heritage lists. what are your thoughts on the these new commemorative bank notes?] Still...commemorative notes of a currency that is got used by its own country in paying its own bills? This came about after the parliament and the GOI ratified the United Nations Educational, Scientific and Cultural Organization "UNESCO" requirements. Iraq then requested for the inclusion of the ancient cities and the marshes in the south to be placed on the World Heritage List. This is the action of a country that believes it has a future and it wants its heritage recognized as well as protected. Good for them.
7-19-2016 Newshound Guru rcookie Article quote: "PALIAMENT LEGAL COMMITTEE ANNOUNCES FEDERAL COURT LEGAL INCLUSION FOR PUBLIC VOTE ON GENERAL AMNESTY LAW NEXT WEEK AND JABOURI TO PUBLISH NAMES OF DEPUTIES WHO REFUSE TO VOTE WHILE DECLARING NATIONAL GUARD LAW NOT READY AT THIS TIME WITH MAJOR DIFFERENCES..." WOW SO YOU HAVE IN INK AMNESTY AND FED COURT READY AND DELAY ON NAT GUARD...WHICH WILL NOT HAPPEN...
7-19-2016 Newshound Guru tlm724 Article: "Central bank: issuing banknotes commemorate the annexation of the marshes of the World Heritage List" Quote: "Central Bank of Iraq , congratulated the Iraqi people on the occasion of the inclusion of the marshes and archaeological sites in Iraq as part of the World Heritage list." thats how important this is! The CBI is going to introduce a commemorative banknote to commemorate this important event and you can bet I will get a few of them...
7-19-2016 Newshound Guru Bondlady Article: "The Iraqi opposition is preparing for the establishment of the International Trade Fair" imo, the world is really really opening its eyes and minds of the huge investment potentials to be had in Iraq, ...the marshes being protected by the world now will help security and also cuts down on countries holding Iraq water hostage, ((neighboring country fights where waters concerned)) which harms the marshes, and supports stability in many areas in Iraq...awesome Iraq keep moving forward.
7-19-2016 Newshound Guru Aggiedad77 Article: "THE WORLD BANK AND THE GOVERNMENT OF JAPAN TO BOOST INCLUSIVE GROWTH AND DEVELOPMENT OF THE PRIVATE SECTOR IN IRAQ" Keep in mind...that this money spoken of here is completely different than the "loans" the IMF has provided to Iraq...and in much of the situations where this arm of the WB is involved...this money does not require payback...but...the WB is getting involved to provide oversight on how the money will be used, where it will be used, and what programs get earmarked for it...can you say "ORGANIZATION". That is a good thing...these private sector entities are being pulled together and targeted for funds and assistance in a way that will promote "reforms" and the "private sector" for Iraq...more of the progress we want and need to see for them.
7-18-2016 Newshound Guru rcookie [...I thought that parliament was working all week to finish up 70 laws? Is the statement about them coming back next week wrong...?] THEY ARE WORKING ALL WEEK...THEY VOTED ON 3 AND READ 3 TODAY IN ADDITION TO CLOSED COMMITTEE MEETING OF KARRADA BOMBING INVESTIGATION AND COMPENSATION AND CARE OF VICTIMS TREATMENT IN TEHRAN...BY ALL REPORTS THE AMNESTY LAW HAS BEEN REVISED AND READIED FOR VOTE...
7-18-2016 Intel Guru Frank26 [At first I was a little excited about "give me Mosul" and then things move quickly. Now its forget Mosul cos we're not looking for that anymore. Yes, we have made great strides this year with their accomplishments but i can't help but stop getting excited when i see you excited.] For me to say we no longer need the liberalization of Mosul because we have it And upgrade it with we NOW seek the removal of the Program Rate...Leaves You depressed ... Is confusing to my comprehension of an amazing progress. One final thing ...My Excitement is Serious.
7-18-2016 Newshound Guru Aggiedad77 Article: "Distribution of financial grants to displaced families in Babylon" I'm surmising here that the "instrument" for distribution of these funds to the families is likely some kind of card...electronic card...for protection of all involved...another positive sign of good things already in the works...patience...the BEST is yet to come.
7-18-2016 Newshound Guru wmawhite ...Maliki still leads a political bloc, all though a minor bloc. Think of a political bloc as an union. A political union within the Iraqi Parliament. If you understand this, it is very understandable that the head of a bloc/union will always be negotiating with other political blocs as well as their leaders. This is life...it is the way their political life runs from day to day.
7-18-2016 Newshound Guru Aggiedad77 Article: "Water Resources: join the marshes World Heritage upstream countries will be required to secure its share of water" [Being included on this list assures UN protection of Iraq's water supply from neighboring countries upstream ... no one can threaten them using the water as a weapon without having to face UN intervention ... a sense of security IMO.] I so agree with your comment...this is an extraordinary move on Iraq's part...not only to preserve its marshlands but also something that ...will become very near and dear to Iraq and all of the Middle East...water...an important commodity in a desert land of vast magnitude...this will pay dividends to the Iraqi's in the future...IMO...why is this important...it shows that Iraq is looking ahead to what they hope to be a bright future for them and they want to be that "oasis" that brings people together...IMO.
7-18-2016 Newshound Guru Millionday Article quote: "Economic Adviser to the Prime Minister, the appearance of Mohammed Saleh, about the deal with the International Monetary Fund as a «financial protection for Iraq» and expressed optimism about the improvement in the credit and financial viability of Iraq by the surge in Iraq 's international value of the bonds that created until 2028, amounting to $ 2.7 billion revealed , particularly after the IMF approved a loan worth $ 5.3 bill" THE IMF HELP IS SEEN AS SECURITY FOR IRAQ. GLOBAL INVESTMENTS WILL HELP WITH CREDIT RATING – A LOT BETTER THAN NOT. THE BONDS OUT CREATE A BETTER ECONOMIC PICTURE FOR IRAQ GLOBALLY. THE IMF IS HELPING IRAQ TO STAND ON THEIR FEET AND HELP THE ECONOMIC CONDITION AS THEY GO TO MARKET. THE EXACT FIGURES ARE NOT INCLUDING THE PAST BUT WILL STILL CREATE A WAY TO MAKE IT RIGHT BUT THE CALCULATION WILL BE ABOUT THE IRAQ THAT STANDS NOW – EXCELLENT.
7-18-2016 Newshound Guru mike Article: "Urgent calls Jubouri blocs to nominate names for the formation of a committee to amend constitution" Great, another committee formed to tackle what? The constitution of Iraq. I was hoping Iraq would deal with the immediate issues instead of tackling such a huge task. These guys can't agree on the small stuff, how in the world do they think they're going to achieve quorum on something as big as the constitution?
7-17-2016 Newshound Guru rcookie PARLIAMENT TODAY...VOTED IN PRESENCE OF 236 DEPUTIES...SALE & LEASE OF STATE PROPERTY LAW NO. 21 (2013) AS WELL AS PLANNING FOR COMMITTEE TO AMEND CONSTITUTION...1ST READING ON 5 BILLS AS WELL AS DISCUSSION TO LIFT IMMUNITY FOR 9 MP'S...17 TOTAL MP'S BUT 8 HAVE RETIRED AND NO LONGER HAVE IMMUNITY...LEGAL AFFAIRS COMMITTEE WILL DECIDE WITHIN 2 WEEKS...AS WELL AS PURSUIT TO DISMISS MP'S WHO HAVE EXCEEDED ABSENTEE THRESHOLD...ABSOLUTELY HUGE LEGISLATIVE DAY...AND SETTING UP WHAT LOOKS TO BE HUGE LEGISLATIVE WEEK AND SESSION TERM...
7-17-2016 Newshound Guru wmawhite [What would they need to safeguard and protect if they were just going to stay at 1166. Or not enter the global economy? 1166 is there current safeguard.] Very good point...one of the current safeguards is the lack of value. Banks outside of Iraq is no upside to accept (exchanging and holding) the IQD because of its value. In other words, they do not see it as an asset to hold. So, as...you ask, what is there to safeguard? unless...?
7-17-2016 Newshound Guru Bondlady Article quotes: "The information we have indicate that al-Maliki will arrive in Sulaimaniya today, visiting former President Jalal Talabani," ..."the meeting will discuss the situation between the federal government and the Kurdistan region, as well as the general situation in Iraq." ...believe it or not...talibani an malaki always had a pretty good working friendship, it seemed there was mutual respect there between them... art 140 needs to be fixed and decided upon to stop the civil war and define property lines...its at the critical stage to get those laws passed an implemented...theres gonna have to be give an take from both sides... ...talibani...is intervening once again to try to stop the inner fighting between kurds an bagdad... talabani tipped the odds a lil, imo...I think now they have a great shot to agree to terms or face losing their country completely...all imo.
7-17-2016 Newshound Guru Millionday Article quote: "...Ministerial Council on Security homelands held Saturday, held an emergency meeting chaired by Prime Minister General Commander of the Armed Forces, Haider al-Abadi, to discuss the situation in the Republic of Turkey..." THE SITUATION IS NOT ONGOING IN TURKEY RIGHT NOW IMO -- NOT EXPECTED TO CREATE PROBLEMS ETC. THE GOAL IS TO NOT LET IT IMPACT IRAQ AND THEIR GOALS. Quote: "...commitment to build bilateral relations between the two countries on the basis of respect for sovereignty and non-interference in the affairs of each country..." IRAQ IS READY TO STAND ON ITS OWN.
7-17-2016 Newshound Guru rcookie Article: "Jabouri to calls for the nomination of the names of the committee to amend the constitution within one week" THIS IS HUGE...THE TABLE IS SET AND GROUNDWORK LAID FOR THE COMMITTEE TO OVERSEE CHANGES TO IRAQI CONSTITUTION THAT ARE ON TABLE AND CUED UP... CONSTITUTIONAL AMENDMENT AND REVIEW COMMITTEE NAMED TODAY...THEY HAVE SET THE TABLE FOR THE PARLIAMENT TO GET DONE WHAT THEY NEED TO...70 PLUS LAWS ON TABLE...INCLUDING ONES THAT INVOLVE CONSTITUTIONAL AMENDMENT...
7-17-2016 Newshound Guru Mountainman REMEMBER Sept 2,2016 is The NEW DIGITAL PLATFORM for NEW VALUES...OCT 1, 2016 is the NEW FISCAL YEAR and MANY Countries will and have been in the FINAL PUSH to Make Necessary Deals in ORDER to Settle DEBTS in the CURRENT FIAT SYSTEM...Don't FORGET (OIL) will Be SETTLING SDR ACCOUNTS in OCTOBER as Well...
7-17-2016 Intel/Newshound Guru Backdoc HOWEVER, THE IMF DIDN’T SAY THAT THEY WOULD SHOW US THE RATE THEN. IN MY OPINION, THIS TRANSITION BETWEEN THE TWO REALITIES NEEDS TO HAPPEN IN ORDER TO SEE A RATE. BE ENCOURAGED THAT THE ANNOUNCEMENT OF THIS IEX SYSTEM COULD BE MOVED UP AT ANY TIME! THEREFORE, NOBODY CAN PICK A DATE. MY CURRENT STUDY BEGINS ON SEPTEMBER 2ND (UNLESS THAT ANNOUNCEMENT CHANGES) AND ENDS IN MID OCTOBER FOR MANY REASONS! ALL OF COURSE IS JUST MY OPINION AND NOT INTENDED TO OFFEND ANYONE ELSE’S OPINIONS. [post 2 of 2]
7-17-2016 Intel/Newshound Guru Backdoc ...CURRENTLY THE IEX WHICH IS WHERE ALL ASSET BACKED DIGITAL CURRENCIES WILL BE TRADED DOES NOT FORMALLY EXIST TO THE PUBLIC UNTIL SEPTEMBER 2ND! IF IRAQ WERE TO LAUNCH A RATE AT THIS TIME, THE ONLY PLACE IT COULD SHOW IS ON THE CBI WEBSITE, NOT ON THE FOREX, BECAUSE IRAQ IS ASSET BACKED AND THE FOREX ISN’T! HOW WOULD THE PUBLIC TRADE ITS CURRENCY GLOBALLY WHEN THE SYSTEM TO TRADE IT DOESN’T FORMALLY EVEN EXIST UNTIL SEPTEMBER 2ND? REALIZE THAT THE IMF TOLD US THAT ALL WOULD BE DONE BY MID YEAR, RIGHT? RIGHT! IN MY OPINION, IRAQ DID GET THINGS DONE, OTHERWISE THE IMF WOULD NOT HAVE GIVEN THEM THE LOAN. [post 1 of 2....stay tuned]
7-17-2016 Newshound Guru Millionday Article quote: "The Iraq Mission Chief for the International Monetary Fund (IMF) has said that he sees no reason to devalue the Iraqi dinar “under current circumstances“, and says the authorities are “committed to maintaining the Iraqi Dinar’s peg to the U.S. dollar“. DEVALUING OBVIOUSLY WOULD NOT HELP IRAQ AT ALL WHILE THEY ENTER THE MARKET. SO AS WE SEE AS WE KNEW -- THE DINAR WILL BE ACCORDING TO THIS REPORT PEGGED TO THE USD.
7-17-2016 Newshound Guru Islandg1211 So, according to the LOI, the RV should be after the Investment Law is passed and before the end of the year. I think it's important that everyone understand that we should watch for the Investment Law, not worry about the GOI delaying this too much longer, and that YES, this RV is still being planned for before the end of the year. Mosul as well is a go now that the agreement is made with Barzani. Abadi now is talking about Political reform being put off for now until after Mosul and after the RV. [post 3 of 3]
7-17-2016 Newshound Guru Islandg1211 The LOI states that's there's a loophole clause within Iraq that if the oil price is different from the budgeted price, then the Budget can be cut without another vote. So, the IMF settled that one too. The Budget was cut...to 85%. I just gave two examples of the IMF using this LOI to get around the GOI. Well done IMF. What a difference this year is to previous years. The IMF has a plan. So the RV will come AFTER the Investment Law but BEFORE the crackdown on proving why you need USDs. The LOI states that the CBI will only have weekly auctions and will require proof of why USD is needed "by the end of the year." [post 2 of 3....stay tuned]
7-17-2016 Newshound Guru Islandg1211 The June 2016 LOI with the IMF states that the CBI should stop the MCP and work towards Article VIII compliance and that they should first pass the Investment Law. So, when will we see the RV? (IMO) WE WILL NOT SEE THE RV BEFORE THE INVESTMENT LAW. It's plain as day in Article A 14 of the June IMF LOI. Like me, you, and everybody, the IMF was concerned that the Monetary Reforms could get bottle necked in the GOI should politics decide to either hold it hostage or simple just stall. So, the IMF stated in the LOI that the COM could introduce the Investment Law OR the CBI could make new regulations that cover the same points. Don't you love that word "OR"!!! Clever of the IMF. This will probably lead to the actual passing of the Investment within the GOI since they know they can't delay or stop it. [post 1 of 3....stay tuned]
7-17-2016 Newshound Guru rcookie [...does anyone know what we would like to see happen with Turkey... to help with our investment...Who do we want in control of Turkey?] Personally - one way or the other, I don't think it matters that much... [you do not think what happen over turkey will cause a problem with our investment...?] I do not.
7-16-2016 Newshound Guru rcookie Article "Jubouri: 70 laws will be presented at future meetings .. and near terminate the membership of absentees" SO... JABOURI TELLING US MORE THAN 70 LAWS CUED UP AND READY FOR VOTE. YOU THINK PARLIAMENT IS GOING TO BE BUSY THIS WEEK.
7-16-2016 Intel Guru Dr. Clarke Vietnam - same thing. Waiting on the committee to "let them" begin the steep rise...because there is NOTHING stopping them now, and the dong is already International...waiting for the official "Go" signal...Vietnam - not sure of the time frame, now at this point, because it's a different animal than everyone else - but it's really close too, in proximity to Iraq. It is our Very Strong Opinion...you and anyone who wants to, can go to an exchange center, Bank or otherwise, and exchange Iraq's Dinar, for other currencies in all countries that choose, starting the LAST WEEK OF SEPTEMBER , and thereafter. RATES - NOBODY KNOWS. Of all the aspects of investment - NOBODY KNOWS RATE ahead of time - It's the most important variable of investment. [post 2 of 2]
7-16-2016 Intel Guru Dr. Clarke Seems like it's about Time, doesn't it? How about Triple Overtime? However, the U.S. committee, IMF & UN are not quite ready. The reason? A little more "insider bad guy cleanup" is happening, as we speak... Iraq will have a Major governmental structural change around Aug. 14th... When? When Iraq? When Vietnam? When GCR? Well, there is no official GCR...However...SEPTEMBER is when it all comes down (3rd & Last Period), so to speak for Iraq. Why haven't they yet... Well, here's your reason...it's a decision headed by the U.S. committee, through the IMF, then through the UN for official blessing purposes only...don't you think Iraq would've made their dinar internationally exchangeable, by NOW, if they could? Of course. No, they haven't been allowed to...for all the right reasons...a few more weeks, and you'll have your money - finally. [post 1 of 2....stay tuned]
7-16-2016 Newshound Guru rcookie THINK ABOUT THIS RELEVANT TO WHAT WE HAVE IN THE RECENT 2 WEEKS REGARDING THE FOCUS ON RESTRUCTURING CAPITALIZATION WITHIN BANKING SECTOR TO THE TUNE OF 200-400% IN BANKS OF ALL SIZES...NOW...NOT TO BEAT A DEAD HORSE...BUT...AGAIN...THE RECRUITMENT... ACQUISITION AND RETENTION OF FOREIGN INVESTMENT AND BUSINESS INTO IRAQ WAS POSSIBLE WITHOUT THESE TYPES OF FINANCIAL AND ECONOMIC UNDERPINNINGS...1 YEAR...3 YEARS...5 YEARS AGO EXACTLY HOW...JUST A HINT...THEY WERENT...NOT EVER...EVER...EVER... [post 2 of 2]
7-16-2016 Newshound Guru rcookie Article quote: "The workshop aims to identify the credit risk mitigation, and understand how banks calculate the capital to be allocated to address market risks, and how to calculate standard techniques LCR and NSFR liquidity by the Basel III requirements, as well as understand how conduct stress tests for all types of risk." SO THIS BASEL III WORKSHOP IS BEING HELD IN SYRIA JULY 25TH-28TH...THAT COVERS THE MEASUREMENT... MONITORING AND MANAGEMENT OF RISK SYSTEMS IN ACCORDANCE WITH BASEL III REQUIREMENTS RIGHT DOWN TO PRESSURE TESTING SYSTEMS...AND CAPITAL ADEQUACY RATIOS AND WEIGHTING SYSTEMS TO CREDIT RISKS WITHIN THEIR MARKETS WITH ICAAP STANDARDS (INTERNATIONAL CAPITAL ASSET ASSESMENT PROCESSES)... [post 1 of 2....stay tuned]
7-16-2016 Newshound Guru tlm724 Article: "Iraq moves to Turkey after refusing inclusion of the marshes in the World Heritage List" ...it looks like France, Turkey and Iran had objections to the Iraqi marshes being included on the list. France looks like they may be ok with it and they can negotiate with Iran but Turkey is gonna be a problem...first off as we all know Turkey is in a bad way as of today, too much uncertainty and its a power thing with this water. [Guru] BondLady explained in a desert region water is like gold and Turkey controls the spigot that lets water flow to Iraq. I pray they can work this out! The marshes are critical to civilization and must be preserved and nurtured.
7-16-2016 Newshound Guru wmawhite bottom line is; look around the region and ask ..."when Iraq is compared to the other countries and their GDP is the true value of Iraq reflected in their currency at $0.00086?" Simply; No. And this is why Iraq does not use it and that there are obstacles preventing it from being used as Citibank stated. IMO, when those obstacles are removed and the movement of the IQD is freed, IMO the CBI will move the value of the IQD to reflect its true value.
7-16-2016 Newshound Guru mike Article: "Moody's credit rating: Iraq's agreement with the International Monetary Fund will reduce its budget problems" I think Iraq has a ways to go to improve their credit rating with Moody's. What is a 'Sovereign Credit Rating': "A sovereign credit rating is the credit rating of a country or sovereign entity. Sovereign credit ratings give investors insight into the level of risk associated with investing in a particular country and also include political risks. At the request of the country, a credit rating agency will evaluate the country's economic and political environment to determine a representative credit rating. Obtaining a good sovereign credit rating is usually essential for developing countries in order to access funding in international bond markets." While I do believe things are and will get better in Iraq, they have to get Parliament to a functional state passing the needed legislation for economic advancement and political cohesion. Making payments to the Paris Club and the Kuwaiti's would also be a good thing.
7-15-2016 Intel Guru Bruce We went through many windows of time. The next window starts now. Administrative holds have been lifted and now in position for things to move forward...Very few people know the exact time, but we are very close for this to happen.
7-15-2016 Intel Guru Bluwolf All the bank inform me that nothing has changed and that they have been at their posts waiting for close to a month and a half for the final signal of GO. And from the sandbox we get that Iraq is finally doing good by its currency and by its people and that makes me very happy for these people and their land. ...The rates will be of your likings...You all know from my recollecting that July 17, 2016 is a deadline for the GCR to be of official domain ( something mention by a three letter economic agency in the month of March ).
7-15-2016 Newshound Guru tlm724 Article quote: "The illegal border crossings and projects revenue project Sakona most prominent on the agenda of the Commission's new legislative term." yep they gotta secure those borders, stop illegal crossing and collect tariffs! It's all part of the security and revenue plan and is part of the security Shabibi said was needed...wink!
7-15-2016 Intel/Newshound Guru Poppy3 ...ALL THE NEWS IN THE WORLD ABOUT POLITICS IN IRAQ NEVER HELP ANY OF US GET CLOSER TO THE REAL RV. I BEEN AT THIS LONGER THAN MOST AND I ASSURE YOU THE NEWS GETS US NO CLOSER TO ANYTHING...ONLY ACTIONS ON THE NEWS IS WHAT COUNTS. 90% OF THE NEWS WAS NEVER ACTED ON TILL HERE IN THE LAST FEW MONTHS BUT FOLLOW THE ACTIONS AND YOU'LL HAVE A REASONABLE IDEA ABOUT THE REST OF OUR WAIT.
7-15-2016 Intel Guru Frank26 ...it is very important that you understand the United States and Kuwait government devalued the Kuwait currency down to zero, practically nothing...and Saddam Hussein was the reason...so America comes in...and the first thing that we did was Marshall Law...and we took over the banking structure...In other words everything I’m telling you is the equivalent...and it is happening in Iraq...with very slight differences...using the American dollar until they were ready to bring back the Kuwait dinar...back to the international rate...with these loans they will quickly remove anything that is left as a remainder of Article 8...once they do qualify and all of Article 8 is removed...MO...all they need to do is raise the value of their currency...and that is it...that should be the final restriction... [reference Guru Frank26 post 7-14-2016...post 2 of 3]
7-15-2016 Newshound Guru Kperoni #16 is the most important.. "16. The authorities will gradually remove remaining exchange restrictions and multiple currency practice..." ...if the CBI does this..and I say "If" (because they have not so far), it will create momentum on the economy and more importantly on the dinar to appreciate in value. This is what we want to see...an open banking system with the world, no exchange restrictions, Article VIII, etc. etc. Once that happens, Iraq will become a vary exciting place to invest and the currency will rise in value. We just have to wait for them to get their act together. [Post 2 of 2]
7-15-2016 Newshound Guru Kaperoni Press Release: "Iraq : First and Second Reviews of the Staff-Monitored Program and Request for a Three-year Stand-By Arrangement..." ...this report is full of what Iraq needs to do to improve it's economic and banking performance. There is no discussion about currency reform (and I would not expect it). That being said, it needs to happen and we don't know when it will. But it is good to see so much of what we said needs to happen in the SBA, ie laws, remove restrictions etc. I also like they are doing everything they can to hold the dinar at the current exchange rate (peg) during this difficult time (even though many called for the CBI to devalue the dinar). [Post 1 of 2]
7-14-2016 Intel Guru Bruce WE WERE CLOSE ON TUESDAY, BUT ARE CLOSER TODAY. REDEMPTION CENTERS ARE STAFFED. POSSIBLE GO TIME TONIGHT. ADMINISTRATIVE HOLDS, UP TO 40 PARTS, NEEDED TO BE RELEASED. ALL WERE RELEASED YESTERDAY, AND NOW WE ARE IN A POSITION FOR NOTIFICATIONS TO COME OUT AT ANY MOMENT. BANKS ARE READY, SECURITY IS INCREASED, RAGE ON THE CITIES PLANNED FOR TOMORROW THE AUTHORITIES KNEW ABOUT BACK IN APRIL, AND WILL PROCEED WITH SAFETY AND CAUTION. TIMING, MAYBE NEW UN OPERATIONAL RATES ARE BEING SETUP FOR TOMORROW. NO GREAT FANFARE, NO GREAT ANNOUNCEMENT, JUST A FLIP OF THE SWITCH.
7-14-2016 Intel Guru Frank26 I believe that TIME FRAMED is within this year of 2016...that IMO...has been made by the IMF and the CBI and will be presented to you...but if a final decision on whether or not to raise the value of their currency and a final decision has been made on the rate by the GOICBI...then they need to do the final steps that brings it....and I think that is where we are at...and I think that is what you are going to see...from now until September...And I’m not telling you that September is the RV month...there is a TIME FRAMED...and they have made a decision... [post 3 of 3]
7-14-2016 Intel Guru Frank26 I’m here to tell you that the reforms are in full swing...it is only by capillaries that Article 8 is even still attached to Iraq... Quote: “Parliament Finance Must Investigate Regardless of the Loans to Prevent Corruption” ...every penny that is going into Iraq is going into the right places...for the right purposes...this is a plan...this is Time that has been FRAMED. ...when we came into Iraq we presented to them what is called the Marshall Law...they are calling it Marshall Iraq...this is the plan...and the Marshall Plan for Iraq...IMO....is coming to an end...this country is about to launch itself into the international stratosphere. [post 2 of 3....stay tuned]
7-14-2016 Intel Guru Frank26 ...on the 22nd of December, 2015...I said they are going to float their currency...they are going to come out with this 1 to 1 and they are going to bring this out into the international world in the first half of 2016 and oil prices are not going to go down they are going to increase...they will peak...and I gave you almost step by step...And the IMF is telling Iraq...we got this plan...this is what you are going to do...and in the process what was it that Dr. Shabibi wanted to give the green light to Abadi in order to raise the value of their currency...stability... [post 1 of 3....stay tuned]
7-14-2016 Newshound Guru Millionday A LOT IS GOING ON IN IRAQ AND WE ARE GOING TO WATCH THE FACTS REPORTED AND NOTHING ELSE... BUT THAT IS OK BECAUSE --- WHOOOPOW THE INK IS GOOD... Article quote: "Financial advisor to the Prime Minister, received Iraq for the first meal of the IMF loan, and while noting that the value of more than $ 600 million, noting that the money will go into the gates of the budget announced the appearance of Mohammed Saleh, said Wednesday." THE IMF LOANS ARE RECEIVED AND TOWARD THE BUDGET OF IRAQ...THE STIPULATION OF THESE LOANS WERE STATED TO BE -- REFORMS.
7-14-2016 Newshound Guru rcookie [...AUGUST 11TH WILL BE SESSION TO INTERROGATE MOD OBEIDI AS WELL AS TRANSPORT AND FINANCE MINISTERS...] AUG 11TH PARL HAULING IN THOSE 3 MINISTERS FOR QUESTIONING. [MP YOUKHANA DECLARES NAMES OF DEPUTIES WHO HAVE EXCEEDED LIMITS ON ABSENCES AND MOVE FOR DISMISSALAND REPLACEMENT...] THIS IS AWESOME...JABOURI ALSO MADE STATEMENT TODAY ABOUT PURSUING DISMISSAL OF THESE SLACKERS! [PARLIAMENT VOTED TODAY ON JUDICIAL OVERSIGHT LAW...] SO IS ANYONE THINK THEY DIDNT GET ANYTHING DONE IN PARLIAMENT...VOTED 1 LAW AND READ 5 OTHERS...AS WELL AS HOST OF OTHER THINGS.
7-14-2016 Intel Guru SteveI The news just keeps getting better and better every day. I was told they now can close the borders because Iraq has for the most part control of their country back. I am proud of Iraq and all countries that helped do this. All of this news is so positive it is hard not to smile.
7-14-2016 Newshound Guru Millionday FORMAL STATEMENT: "President Fuad Masum, on Wednesday, the 58th anniversary of the founding of the Republic of Iraq and the revolution of July 14 to establish diplomatic and economic relations with all countries of the world on the basis of equality and mutual interests, while stressing the need for refusal axes “policy.” PRESIDENT MASUM HAS CALLED ON WED -- INDEPENDENCE DAY TO BE THE ESTABLISHMENT ECONOMICALLY WITH ALL THE COUNTRIES OF THE WORLD. ECONOMIC RELATIONS WITH THE ENTIRE GLOBE IS WHAT THE GLOBAL PRICING INDEX WAS DONE FOR – THE ANNOUNCEMENT OF HOW THE VALUE OF THE DINAR AND US DOLLAR WILL COMPARE IN COUNTRY CAN ONLY COME FROM THE GLOBAL PRICING INDEX CALCULATION – NO OTHER WAY NO MATTER WHAT SOME MAY SAY OR MISTAKENLY GUESS --- THE OUTSIDE THE COUNTRY VALUES WILL BE A RESULT FROM THIS CALCULATION -- ECONOMICS 101. THIS IS GREAT NEWS AND A HUGE FORMAL STATEMENT FOR IRAQ'S PROGRESS AS AN INDEPENDENT AND OF COURSE TOWARD MARKET ECONOMY FOR THE NEW IRAQ.
7-14-2016 Newshound Guru Stryker [We don't hear about HCL much anymore is that something that you think is necessary for the RV to happen?] ...no the HCL isn't needed right now because it is covered in each years budget until a final HCL can be adopted, that's why we don't hear much about it anymore. Oil revenue disbursement, who pays contractors, power sharing on contracts and so on are all covered in each years budgets and are negotiated starting this time each year for the following years budgets. A permanent HCL will come in time.
7-14-2016 Newshound Guru wmawhite Article quote: "ABDUL MAHDI STATES AT ECONOMIC SEMINAR 400-500 THOSAND PEOPLE BEING PREPARED ANNUALLY FOR LABOR MARKET AND SOLUTIONS TOWARD ACTIVATING THE PRIVATE SECTOR" This is huge...otherwise, what is there for them to prepare the citizens for? The private sector is coming.
7-14-2016 Newshound Guru rcookie Article quote: "BRITISH AMBASSADOR FRANK BAKER VISITS MUTHANA PROVINCE GOVERNOR ZIADI AND DECLARES DESIRE OF BRITISH COMPANIES TO INVEST IN THE ENERGY, OIL AND AGRICULTURE SECTORS…" THIS IS JUST 1 OF 2 MEETINGS WITH AMBASSADORS TODAY WHERE COUNTIES ARE ANNOUNCING THEIR INTENTION AND READINESS TO ENGAGE INT'L INVESTMENT AND BUSINESS WITH IRAQ.
7-13-2016 Intel/Newshound Guru tman23 What we know for a fact...and for the very first time in Iraq... The Big Banks in all regions are communicating with the CBI and the rate when the rate fluctuates 127,000 or 127,500...it is the same at the same time in these major banks... this started this week and has been consistent enough to say they are on CBI protocols now...
7-13-2016 Newshound Guru Millionday I HAVE SOMETHING ON ISX REGULATIONS BEING UPHELD/ENFORCED. Quote: "The importance of experts confirms that offers companies listed in the Iraq Stock Exchange corporate disclosure early for annual financial statements during the period not to exceed 45 days from the end of the fiscal year include..." SO WHAT WE ARE SEEING HERE IS COMPLIANCE ISSUES BEING TAKEN CARE OF -- IF THEY ARE GOING GLOBAL IMO THIS WOULD BE HUGE FOR THEM AND TO SEE THIS BEING ADDRESSED SHOWS A SPOTLIGHT ON COMPLETE INTERNATIONAL COMPLIANCE FOR ISX.
7-13-2016 Newshound Guru Kaperoni Quote: “...the Iraqi Dinar ‘investment opportunity’ is a scam that has existed for more than a decade and has regained some of its former popularity..." Surely, the concept of "overnight" riches so often stated...makes this by definition a scam. That said, the potential for Iraq laid out in various documents including the IMF, WB etc. clearly show the upside potential for Iraq, which if achieved, would increase the value of the currency significantly. We just have to wait for that potential to come to fruition. There is nothing "to get to the bottom of," it's already well documented.
7-13-2016 Intel Guru Frank26 Abadi is keeping his promise...the IMF gave Iraq certain loans already...they are now ready to give them an international loan...that is a completely different story...first remove all the restrictions on your currency then we will give you these loans...the big one...it is the big international loan that is now waiting to be given to them and it is in the billions... the IMF is pointing the finger straight to Parliament...telling them..you want these loans...finish the reforms...finish the Monetary Reform...so IMO...Iraq is removing the final restrictions on the exchange rate...because they are Article 8 compliant IMO...and we sit very quietly waiting for them to announce this to you...you see the evidence from 500 IQD notes and 250 IQD notes...and you will see more soon. [post 2 of 2]
7-13-2016 Intel Guru Frank26 [Guru] DELTA came...and said...they just announced to the Iraqi citizens on Iraqia television that they are introducing the 500 IQD note to...the Iraqi citizens....this is the one with the Kurdistan language on it...So what else were we looking for...more of these LD’s...then once again DELTA comes...they just announced on Iraqia television the 250 IQD note...you understand the power behind this...these are lower denoms... they are introducing the currency without the 000’s. We see things coming together...we no longer seek the liberation of two cities...we now only seek the liberation of the program rate of the Iraqi dinar...it is important that you realize that Abadi said that as soon as they got back from Eid, they were going to do the reforms very quickly...they are doing them... [post 1 of 2....stay tuned]
7-13-2016 Newshound Guru Adam Montana ...we are done with Ramadan and the celebration of the end of Ramadan. Nothing major has sprung up since the end of the holiday, but I do find it interesting that today's Parliament session included these items: "Ninth: report and discuss the draft law on ratification the Convention on Avoidance of Double Taxation Law and exchange of information with respect to taxes on income and capital ... " "Eleventh: Report and discussion of the draft law of the government banks. (Finance Committee, Legal Committee )..." Why would we be hearing about these things if they planned to stay poor? I don't think they would. What we really want to hear about is the HCL...
7-13-2016 Newshound Guru Millionday Article quote: "...the central bank launched Strutijeth for the years 2016-2020 in conjunction with calls for fundamental and comprehensive of the Council of Ministers and the House of Representatives of change, pointing out that the strategy set and painted the road to reform banking..." NOTE -- THE CENTRAL BANK IS LAUNCHING THE 2016-2020 INITIATIVE TO ACHIEVE FINANCIAL STABILITY AND ACTIVATE THE BANKS AND THE INTERNAL AND EXTERNAL RELATIONSHIPS... THE CBI LAUNCH IS TO REMOVE OR ADJUST THE FINANCIAL SITUATION OF IRAQ. THIS IS THE FULL BANKING REFORM THEY ARE TALKING ABOUT – WHOOOPOW...INTERNATIONAL COMPLIANCE...THIS IS THE FORMAL COUNCIL OF AUDIT FOR BANKING TO ENSURE COMPLIANCE IS KEPT. THIS IS A HUGE STEP FOR THE BANKING REFORM.
7-13-2016 Intel Guru Bruce GCR of all the currencies in the world are under a new system. The banking system has been active for about a week. That swift system may stay around for about 100 days. The Cips system is much faster. Do we have an RV? YES. The RV took place for us on the 7th of July... Everything that needed to be done in certain parts of the country were done. All poised to begin what we are looking for which is the release of notification. The banks are ready which they have been ready. We really now to have happen is the very latest admin hold removed and the notification...to come out. That is really how close we are. [post 2 of 2]
7-13-2016 Intel Guru Bruce [via PinkRoses] We are in a very good place... On Sunday, Iraq was celebrating all over the country like it was the 4th of July. They were celebrating RV in country. They did show a new rate that was effective... it was going up from that point, not...locked in at a particular rate right now. Their cards have been charged for about a week again with a new rate... This is bigger than we thought 10 to 12 years ago. We were thinking it come back with a rate of 3.22, somewhere in that range. We know it will be higher in country because they have resources in country, oil, gold, diamonds...plenty of assets. [post 1 of 2....stay tuned]
7-13-2016 Newshound Guru Mountainman "HOLIDAY" or (Not)...this MILLION MAN MARCH, ABADI, CBI CLOSED, ISX as Well...Sure LOOKS Like FIREWORKS to ME...Not A BATTLE...But A CELEBRATION of A COUNTRIES VICTORY OVER It's PROVINCES and PLANTING of FLAGS...A WEEK LONG CELEBRATION...DAY by DAY...IMO
7-13-2016 Intel/Newshound Guru Poppy3 [...I was so excited when I saw the posts about the 1.18 in Iraq...] THATS WHAT I RECEIVED SEVERAL TIMES...I WAS ALSO TOLD THAT IS NOT A RV RATE OF ANY KIND AND IT WOULD BE A MINIMUM BASE FOR THEM TO WORK FROM BUT THATS A GREAT START... PERTAINS MORE TO FULFILLING THE BUDGET REQUIREMENTS. WE WAIT FOR ACTIONS TO BRING FORTH THE FACTS. I HAVE NEVER HEARD ANYTHING FROM ANYONE OFFICIAL THAT HAS ANYTHING TO DO WITH SETTING A RATE STATE ANYTHING ABOUT A FLOAT. THEY HAVE ALWAYS MAINTAINED A REASONABLE, MEDIAN RATE THEY KNOW THEY CAN MAINTAIN AND GROW THEIR ECONOMY FOR AT LEAST 24 MONTHS BEFORE THEY ALLOW A MARKET ECONOMY FLOAT PERIOD.
7-13-2016 Intel/Newshound Guru tman23 [Sadr is getting Mad again....Not passing laws...not opening up the economy...floating Bonds...borrowing money from the IMF...Taxing Imports...Now talking about raising taxes on citizens...Not good.] This Friday the people will be gathering...July 20th is a date set where as they are planning 10 million citizens to gather and over-throw the government of Iraq for ...LACK OF SERVICES AND WELFARE... TICK-TOCK! At this point they have to give the citizens something other than laws and empty promises...They need something tangible...REAL...And nothing in their country shows a promising future to them.... In other words they need instant gratification...the only thing that they all share in is the use of currency...AND IT IS JUST THAT SIMPLE!
7-13-2016 Newshound/Intel Guru BGG [Todays parliament meeting...on the whole package laws.] personally - I don't think that is what we are waiting on - good for Iraq, yes. Required for us... I doubt. [Do you think there is ANY chance they will lop?] I do not.
7-12-2016 Newshound Guru Kaperoni Article quote: "...the diagnosis of the priorities of the suffering of the banking sector requires the central bank and the relevant authorities to draw and to develop mechanisms and procedures for processing during the year 2016..." [...it seems the CBI is prepped and almost ready....wouldn't you say...?] I think the CBI has been ready for a while...The GOI/Parliament needs to get their part done. Pass laws!
7-12-2016 Newshound Guru rcookie Article: "Resumed the House of Representatives, on Tuesday, the opening of its first legislative term of the third legislative year in the third parliamentary session." SO PARLIAMENT MET SUCCESSFULLY UNDER JABOURI...GOT THE 1ST ONE OUT OF THE WAY...DISCUSSED SECURITY FILES AND ISSUES... [did they vote on anything...thats what we need?] NO...NO VOTES BUT READ A FEW LAWS...
7-12-2016 Intel/Newshound Guru Holly1 ...WHAT IS GOING ON IN IRAQ ...CANT MAKE IT AT 1182 NO WAY NO HOW ... THEY NEED STEPS AND A HUGE ONE PEOPLE DEMANDING A NEW PRICE OF THE DINAR IMO.
7-12-2016 Newshound Guru Millionday Article quote: "Committee of economy and investment representative confirmed that the activation of the private sector in the country will contribute to move the economic situation." THE PRIVATE SECTOR WILL BRING DIVERSITY REQUIRED BY A HUGE TRADE ORGANIZATION AND ALSO BRING IRAQ LIQUIDITY DUE TO WORK FORCE AND ALSO REVENUES FROM TRADE. SO AS WE SEE THE ADVANCEMENT OF THE PRIVATE SECTOR IS TO MOVE ON THE ECONOMIC ADVANCEMENT FOR IRAQ -- ALL ABOUT STABILITY AND CITIZEN STABILITY. ...THE NEWS IS GREAT AND WE SHALL...SEE WHAT PARLIAMENT GETS DONE – IT IS SUPPOSED TO BE THE LEGISLATION IN PLACE FOR ALL REFORMS THAT IS TO BE VOTED THROUGH TO LAW – ALSO THE AMNESTY READY TO BE VOTED FOR LAW AND FEDERAL COURT AND ALSO THE REMOVAL OF ALL PROXY POSITION HOLDERS TO PUT IN PLACE PERMANENT GOV OFFICIALS FOR THE REFORMS...
7-12-2016 Newshound Guru firefly the wait is not important...what is important is they are now telling us in detail what is occurring.
7-12-2016 Newshound Guru rcookie Article quote: "Rafidain Bank, announced Saturday a plan to expand his business and opening new branches in Baghdad and the provinces to provide services and subsidies given to citizens Bank." ...THIS IS FURTHER NEWS OF THE PROGRESS OF OPENING RESTRUCTURED & PRIVATIZED BRANCHES....OFFERING ONE STOP SHOPPING BANKING SERVICES...THEY ANNOUNCED MONTHS AGO TO BR AT 97% COMPLETION OF THE SOB PRIVATIZATION PROJECT BEING OVERSEEN BY WORLD BANK SINCE 2006...THIS IS THE EVIDENCIARY CONCLUSION TO THAT PROJECT.
7-12-2016 Newshound Guru mike Article: "The government is considering increasing the tax rate on employees" ...this ain't going over well with the people. I can see Sadr now standing up on his soap box denouncing the government for this act. At every turn they do everything they can to not pass the laws, open up the economy and get the currency internationally recognized. Instead, they float bonds, borrow money from the IMF, tax imports and now they're talking about increasing taxes on the citizenry. This ain't the right direction Iraq.
7-12-2016 Newshound/Intel Guru BGG [...have you seen the article about Upgrading your currency...if so what is your take on that? ...the numbers are align up with yesterdays discussion with the Iraq banker...] ...if they are discussing this - in that frame of reference privately - this is SERIOUS. I am excited. [reference Guru wmawhite post 7-11-2016]
7-12-2016 Newshound Guru Millionday Article quote: "There are international experiences in the developed countries has pursued this style any merger banking is not a financial deficit but to cemented competitive strength in the market..." BANKING MERGERS...THEY ARE EXPLAINING THE IMPORTANCE AND BENEFIT TO THE CITIZENS ABOUT MERGING BANKS...THEY HAVE DECIDED TO MERGE AND HAVE EXPLAINED THE BENEFITS SO HUGE MOVES FOR IRAQ IN THE QUEST TO GO GLOBAL COMPETITIVELY. THIS IS PROGRESS IN IRAQ AND FOR THE ECONOMIC BANKING ADVANCEMENT AND ITS REFORMS.
7-12-2016 Newshound Guru rcookie Quote: "... forcing banks to deploy ATMs in every province... and the introduction of credit cards for banks digital money..." THEY ARE DISCUSSING GOING DIGITAL WITH THE INTRODUCTION AND DISBURSEMENT OF SOPHISTICATED NETWORK OF ATM MACHINES THROUGHOUT THE PROVINCES ACCORDING TO POPULATION DENSITY...AS WELL AS BRING BANKING SECTOR TO THE LEVELS OF ADVANCED TECHNOLOGY AND SERVICE OF GLOBAL STANDARDS...
7-11-2016 Newshound Guru Millionday THE TITLE OF THE REPORT: "Author - Ahmad Salami - Dinar plastic (polymer) - Restructuring of the Iraqi currency - Re-evaluate the value of the dinar" THIS IS LISTING THE BENEFIT TO THE IRAQI PEOPLE OF THE NEW PLASTIC MONEY CARD ISSUED...THEY LAY OUT THE PLANS FOR THE IRAQI DINAR..."1. Delete the zeros phantom inflation inherited from the siege and war... 2. Be the dollar value of 1 is equal to 1 dinar and 118 fils. 3.eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with." THE RESTRUCTURE IS EXPLAINED HERE TO INCLUDE MOVING THE DINAR TO BE 1USD TO 1 DINAR 118 FILS...THEY ARE SAYING A VALUE. I PERSONALLY HAVE NOT SEEN A THING IN ALL THESE YEARS STATING ANY VALUE OR REVALUE ANNOUNCEMENT WITH VALUES AND FOR WHAT PURPOSE. THE DINAR WOULD BE WORTH MORE BY WHAT THEY ARE SAYING HERE -- NOT ONE TO ONE. THIS IS TO THE IRAQIS FOR THE REVALUATION SO WE WIlL SEE WHAT THIS MEANS FOR RATES AS A RESULT.
7-11-2016 Newshound Guru rcookie Quote: "Ammar Abdullah GhaithInterest is the rehabilitation of monetary value of the currency to make it universally used by tourists, traders" THIS ECONOMIST ASSERTS THE REHABILITATION OF THE IQD IS TO MAKE IT UNIVERSALLY USED BY TOURISTS & TRADERS AND BE USED INTERNALLY & EXTERNALLY INSTEAD OF THE DOLLAR...DECREASING NUMERIC VALUE...CURB INFLATION...RAISE THE PURCHASING POWER AND SUPPORT THE ECONOMY...AND HAVE THIS ALL REFLECT STRENGTH IN THE EXCHANGE RATE AGAINST THE USD AND GLOBAL CURRENCIES WHICH IT OBVIOUSLY CURRENTLY DOES NOT DO...
7-11-2016 Newshound Guru mike Article quote: "...that the lack of security and stability and political chaos and widespread administration available corruption and other internal conflicts, are factors that hinder the performance of the banking sector..." I say out with the old and in with the new. These guys have been in cahoots for years and have stolen billions of dollars, if not for themselves for the politicians who installed them. It's time to clean house...
7-11-2016 Newshound/Intel Guru BGG What is amazing to me...regarding all the news out today... this topic - Currency reform, Dinar value and economic reform... IS PLAINLY BEING TALKED ABOUT. It's NO SECRET. They are discussing it DAILY - and OPENLY.
7-11-2016 Newshound Guru rcookie Quote: "1. Delete the zeros phantom inflation inherited from the siege and war...2. Be the dollar value of 1 is equal to 1 dinar and 118 fils. 3. eetm [meet?] payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with." THEY ARE POUNDING THEIR CHESTS AGAIN ABOUT RESERVES AND GOLD LEVEL EXCEEDING INTERNATIONAL STANDARDS TO COVERT THEIR TRADE NEEDS...AND HERE THEY ASSERT THE DIFFICULTY OF CONVERSION INSIDE AND OUTSIDE OF IRAQ WITH EXISTING EXCHANGE RATE AND CALL FOR IRAQ TO RESTRUCTURE ITS CURRENCY...SAYING INFLATION HAS BEEN KEPT IN CHECK FOR DELETE THE ZEROES PROGRAM...AND SUGGEST THE VALUE OF $1 USD BE EQUAL TO 1 DINAR AND 118 FILS...AND OUTLINE TRADE PARTNERS WHO OPERATE WITH CURRENCY TRADE UNDERSTANDING THAT IS DEALT WITH BETWEEN THEM.
7-11-2016 Newshound Guru Millionday THIS IS THE MOST IMPORTANT THING YOU MUST KNOW RIGHT NOW..."Confirmed member of the Committee of Economy parliamentary Najiba Najib...the International Monetary Fund loans conditional on administrative and financial reforms." THE IMF HAS ANNOUNCED THAT IRAQ IS GETTING THE LOANS NOW AND HOW THEY ARE HAPPENING... AND IN JUNE WHEN THEY WENT OVER IT WITH THEM -- THE CONDITION IS THE REFORMS. SO WITH THE NEW NOTES OUT -- PARLIAMENT MEETING TO PUT LAWS IN PLACE FOR REFORMS AND THE PROXY POSITIONS BEING REMOVED --- VERY INTERESTING TIME RIGHT NOW FOR IRAQ...SO NOW WE HAVE TO SEE WHAT HAPPENS WITH PARLIAMENT...
7-11-2016 Newshound Guru wmawhite "1. Delete the zeros phantom inflation inherited from the siege and war...2. Be the dollar value of 1 is equal to 1 dinar and 118 fils. 3. eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with." This is an Iraqi banker discussing on social media the need as well as the revaluation of the IQD. The information he discusses is quite detailed, even to the point of stating that the currency will have 100 fils. IMO, he is comfortable enough to discuss this because it is common knowledge within his profession. Why else discuss it? We have the CBI, GOI telling us this is what they wany to do...And now, here is a banker telling us the details. [WHAT IS 100 FILS...?] a FIL is less than one...Think of our 1 cent, nickel, etc.
7-11-2016 Newshound Guru rcookie Article: "Transportation Announces opening of the large port of Faw project next year." THIS IS HUGE FOLKS... ABSOLUTELY GINORMOUS! THIS IS THE SINGLE LARGEST INVESTMENT DEVELOPMENT PROJECT IN THE ENTIRE COUNTRY...AND THEY ARE TELLING YOU WHEN IT WILL LAUNCH AND BE LIVE! THIS PROJECT WHEN COMPLETED WILL CONTRIBUTE MORE JOBS AND NON OIL REVENUES TO GDP THAN THE ENTIRE OIL SECTOR...THIS PROJECT MORPHS THEM INTO WHOLE NEW STRATUSPHERE! WILL DOUBLE GDP...AND WILL BE NON OIL REVENUES...WHICH WILL MAKE IMF & WB HAPPY AND ADDRESS UNEMPLOYMENT...BETWEEN THE LOANS AND BONDS AND INCREASE IN NON OIL REVEUES AND AWAY FROM OIL DEPENDENCE... TRUE ECONOMIC DIVERSITY AND SUSTAINABILITY...THEY WILL BE A POWERHOUSE.
7-10-2016 Newshound Guru rcookie Article quotes: "Rafidain Bank, announced Saturday a plan to expand his business and opening new branches in Baghdad and the provinces to provide services and subsidies given to citizens Bank. ..."the Bank has a strategic plan for this year is to develop his work and introducing new technologies to keep up with technological advances applied in developed countries." THIS IS FURTHER NEWS OF THE PROGRESS OF OPENING RESTRUCTURED & PRIVATIZED BRANCHES....OFFERING ONE STOP SHOPPING BANKING SERVICES...THEY ANNOUNCED MONTHS AGO TO BR AT 97% COMPLETION OF THE SOB PRIVATIZATION PROJECT BEING OVERSEEN BY WORLD BANK SINCE 2006...THIS IS THE EVIDENCIARY CONCLUSION TO THAT PROJECT...[GREAT NEWS, Now they just need a new value.] EXACTLY.
7-10-2016 Newshound Guru Millionday Article quote: "National Bloc MP Abdul Karim Abtan, on Friday, to witness Weekly next couple of important political events, followed by "radical and significant reforms" in the government structure." NOTE -- REMEMBER THAT ALL PROXY POSITIONS WILL BE CHANGED... IT APPEARS WE WILL SEE HUGE CHANGES IN IRAQ IN THE FOLLOWING OF PARLIAMENT REFORMS ACCORDING TO NEWS.
7-10-2016 Newshound Guru tlm724 Article: "The port of Khor Al-Zubair resume its work after a hiatus of three years" Quote: "A source said in an interview for "trend-Presse," The reefer container project has been made available on her part in the joint operation contract with the German company Marlok." this is awesome and surely needed in Iraq. A reefer port is a refrigerated cargo terminal and they can keep cold stores for long periods of time ie: meat, orange juice etc and the ships are called "reefer ships" same thing, refrigerated cargo ships. Great news!
7-10-2016 Newshound Guru mike It's amazing, four or five years ago I thought these guy's would RV at $3 bucks and I'd be good to go. The history lesson I've learned over that time makes me scratch my head and wonder how in the heck I thought these guys could pull it off. My dad used to have a saying, "if you find yourself in a hole with a shovel, put down the shovel." Iraq's best and brightest still haven't learned that simple lesson, quit digging a hole you'll never get out of.
7-10-2016 Newshound/Intel Guru Bluedog ...WE WAIT...HOW LONG NO ONE KNOWS THEIR GAME... VIETNAM IS LINING UP AND IRAQ AT THIS MOMENT IN TIME LETS HOPE SOOOOOOOOOON.
7-10-2016 Newshound Guru Kaperoni Article: "Rafidain Bank is preparing to expand his work and the opening of new branches" ...more banks to run to when the event begins.
7-10-2016 Newshound Guru Bondlady Article quote: "The IMF approved, to grant Iraq credit line worth $ 5.34 billion to help it overcome the financial crisis faced after the deterioration of oil prices and the war against terrorism." it*** must*** implement ***a series of economic reforms ***to get the rest of the installments*** of this assistance plan for three years.
7-10-2016 Newshound/Intel Guru BGG the June/July thing has been wildly over blown AND I think everyone is missing the significance - THEY ARE RE-INTEGRATING with the world now...and are still THE MOST UNDERVALUED CURRENCY there is..."Grossly undervalued" is the terminology used by economists...GOOD FOR US. Abadi is still pushing forward on all kinds of reforms... There is lots of news out confirming and talking about the first installment by the IMF getting sent to Iraq... (...it is being sent "incrementally" - based on their implementation of "reforms") - ask yourself at what point is "currency reform" on their check list...that is the question you SHOULD BE ASKING. [Any thoughts on the progress of the cabinet reshuffle and the possibility of reaching a quorum to get the important laws passed?] I think that is all soon. Abadi will get that done. [post 2 of 2]
7-10-2016 Newshound/Intel Guru BGG [...why the delay in revalue of dinar and what he think is coming down the road?] First off - "delay in the revalue of dinar" implies that anyone (here on the web) "knows" when it was supposed to happen - this assumption is flawed. This is not the case - highly unlikely anyone has real "fore-knowledge" of such an event... what do we KNOW? ...according to the SIGR report - this was plainly supposed to have been done in 2013 - AT AROUND A BUCK...this is information delivered to the US Congress. I doubt it is inaccurate. why was it delayed? The CoM plainly stated their reasoning. Looking at their comments then and now - it looks like they are rapidly addressing these issues. [post 1 of 2....stay tuned]
7-10-2016 Intel Guru Delta Article: "IMF calls on the Government of Abadi to achieve reforms in exchange for loans" IMF ASKED IRAQI GOVERNMENT TO IMPLEMENT ECONOMIC REFORM IN EXCHANGE FOR THE REST OF THE LOAN.
7-10-2016 Newshound Guru Millionday Article: "The International Monetary Fund’s (IMF) executive board has approved a $5.34 billion program for Iraq to help strengthen the country's finances. The IMF said in a statement on July 7 that the three-year loan will see $634 million immediately allocated to Baghdad." NOTE -- IMMEDIATELY... THIS IS A GREAT THING TO SEE THIS MOVE FORWARD -- THEY HAD STIPULATIONS IN INK...NOTE --THE IMF IS NOT THE IRAQI GOV == THEY DO NOT MEET FOR A REASON JUST TO TALK, THESE ARE FORMAL MEETINGS WITH IRAQ... THEY HAVE COMPLETED THE FIRST AND SECOND REVIEWS...THIS IS GREAT GREAT NEWS...SO VERY EXCITING... IMO.
7-9-2016 Newshound/Intel Guru BGG [So, this could take another year or so...?] I doubt it - anything is possible...they have some serious hurdles - but I am excited about where they are going - and at what speed they are getting there...are these hurdles before or after the point of currency "realignment" you and I are hoping for - I do not know... NOR DOES ANYONE ELSE.
7-9-2016 Newshound/Intel Guru BGG this bit about the 250 notes and 500 notes...This is NOT SOME QUE to an RV...OR KEY...It is simply the GOI/Baghdad - "romancing" the Kurds - which is good...our 250 and 500 notes will be fine (as are the new and old 25k notes) - ALL GOOD. ...The CBI and Parliament have been promising the Kurds new money (which includes them) for YEARS... ...THE CENTRAL GOV'T reaching out and including the KURDS...kinda funny it's just showed up now... I suspect it has been printed and waiting all along.
7-9-2016 Newshound Guru rcookie PARLIAMENT RECONFIRMS ITS MEETING FOR TUESDAY THE 12TH AT 11:00 AM WITH NO ANNOUNCED AGENDA OTHER THAN THEY WANT SHAMMARI URGENTLY FOR QUESTIONING...ABADI ANNOUNCES COMPLETE CLOSING OF EVERYTHING TOMORROW (SUNDAY) FOR EID AL-FITR...
7-9-2016 Intel Guru Frank26 [Do you believe there will be a time limit that we will be able to keep our Dinar after the RV?] IMO ... No... Because more important investors than YOU ... Would not be pleased.
7-9-2016 Newshound/Intel Guru BGG we are on the "upswing" as far as investments go...this LOI to the IMF and IMF oversight is BIG NEWS... and explains a lot regarding the clean-up and direction in Iraq right now...had the previous Shia bunch had their way - this may have NEVER HAPPENED... as of now - things are moving along AT SPEED!! Personally - (and this is my take)...the first half of the year - is some kind of "manufactured" DEAD-LINE...in reality - they are "in the process" of re-engaging with the world markets and economies now...on schedule - under the advisement and oversight of the IMF...and this - is BIG NEWS. Did they say R.V. by such and such date?? NO - but they did say they would start this process and they have...it is very - very - VERY good for us, as investors. I am excited - and I sat in on one of the first board meetings about Dinar there ever was.
7-8-2016 Newshound Guru rcookie ABADI CLEANING HOUSE WITH SECURITY AND INTELLIGENCE DEPARTMENTS...ACCEPTED GHABBANS RESIGNATION THE OTHER DAY...AND FIRED SHAMMARI TODAY AS WELL AS OTHER INTELLIGENCE & SECURITY OFFICIALS...
7-8-2016 Newshound Guru Kaperoni ...despite...issues with the IMF, the CBI can begin currency reform anytime. Let's hope they do.
7-8-2016 Newshound Guru rcookie THE 12TH IS A DATE BEING REPORTED AS THE RETURN OF REGULAR PARLIAMENT SESSIONS IN THIS LEGISLATIVE TERM...FINANCIAL & ECONOMIC LAWS...ARE CUED UP AND AWAITING VOTE...THESE HAVE ALL BEEN GIVEN PRIORITY STATUS FOR ADDRESSMENT UPON PARLIAMENTS RETURN...AS WELL AS SOME OF THE NATIONAL RECONCILIATION AND UNITY LAWS... AMNESTY/ACCOUNTABILITY & JUSTICE/ FED COURT...
7-8-2016 Newshound Guru Kaperoni Article: "IMF Executive Board Approves US$5.34 billion Stand-By Arrangement for Iraq" Quote "Additionally, measures will need to be implemented to prevent money-laundering, counter the financing of terrorism, and strengthen the anti-corruption legislation to help improve the integration of Iraq’s financial system into the global economy." Well, they have work to do... It is also very clear that the CBI still has exchange restrictions (which is causing the difference between the Offical rate and Market rate to be greater than 2%) hence the reason they are maintaining the peg and still in Article XIV.
7-8-2016 Newshound Guru rcookie THEY HAVE BEEN UNDER THE EXISTING SMP SINCE JAN 2015 AND IT RUNS THROUGH DEC 2016...AND THE PERFORMANCE OF IRAQ INSTILLED CONFIDENCE WITH IMF TO EXTEND SBA ACCESS EARLY...IT DEMONSTRATES IRAQS EXEMPLARY PERFORMANCE WITH IMF AND WB FINANCIAL & ECONOMIC TECHNICAL ASSISTANCE INITIATIVES...AND FISCAL DISCIPLINE... ...FOCUSING ON DATES AND FALSE INSINUATIONS...ARENT NECESSARY WHEN THE FACTS ARE SO JUICY!!!
7-8-2016 Newshound Guru rcookie TO ALLOW FOR PERSPECTIVE AND PROGRESS YOU HAVE TO LOOK AT THE LOI'S THROUGH THE YEARS AND LOOK AT THE INITIATIVES...THE REVIEW WINDOWS AND CYCLES TO SEE THE SCOPE OF THE PROGRAMS AND TECHNICAL ASSISTANCE FROM IMF AND WB...AND HOW THEY HAVE SHAPED EVERY SINGLE COMPONENT OF THEIR 5 YEAR STRATEGIC PLAN THAT IS PUBLISHED ON THE CBI WEBSITE...AND DOMINATES EVERY POLICY AND ACTION THEY UNDERTAKE...THESE INITIATIVES AND ACTIONS ARENT THINGS THAT JUST CAME TO THEM...THEY HAVE BEEN RESTRUCTURING THE SOB'S WITH WORLD BANK ASSISTANCE SINCE 2006...THATS 10 YEARS...SO WHEN WE READ A COUPLE OF MONTHS AGO THEY WERE 97% COMPLETE...THAT IS 10 YEARS IN THE MAKING...
7-8-2016 Intel Guru Bruce RATES ARE STRONG. EVEN SCREEN RATES, MARKET RATES ARE GOOD. EXTREMELY CLOSE!
7-8-2016 Newshound Guru Kaperoni Article: "Iraq new 500-dinar note with Kurdish reported" People are making a mountain out of a mole hill here. This is not the sign of anything to come, it is not an indication of a change in value or issuance of all new notes, etc. It is what it is, simply a reprint of an exiting note (adding a few changes). This happens daily with any currency. And it just so happens in this case, it happened after the law for Kurdish language passed and Allaq is the governor. So, as required, the put the language on and added Allaq's signature. This also happened when Turki was running the CBI and the revised notes got the brail added...Turki put his signature on the notes. This really is an non event. Iraq is making progress and the IMF is guiding this now. We should be encouraged.
7-7-2016 Newshound Guru Millionday [via Guru SteveI] Iraq New 500-Dinar Note With Kurdish Confirmed. This is a clear move to re denominate the country, IMO it is clearly to support the move to world trade and all economic reforms and their activation/launch..."Whoooopow"! ...this is exciting...
7-7-2016 Newshound Guru Mountainman Article quotes: "The International Monetary Fund’s (IMF) executive board has approved a $5.34 billion program for Iraq to help strengthen the country's finances. The IMF said in a statement on July 7 that the three-year loan will see $634 million immediately allocated to Baghdad." Which MEANS This is The Announcement of Their Value being Lifted... Otherwise The IMF would NOT give the LOAN...ARTICLE 8 on the (8)th...This is as LOUD as the IMF will Be On A NEW IRAQ REALITY...IMO.
7-7-2016 Newshound Guru tlm724 Article quote: "the Iraqi air force planes dropped millions of leaflets over the city of Mosul..." *mission* getting the word out of their victory and their on coming battle at Mosul.
7-7-2016 Intel Guru Bluwolf No change, we are still waiting for the GREEN LIGHT. Banking personnel are still on to the moment standby. The rates are accurate and very good. 100% political is the slowlingness of things.
7-7-2016 Newshound Guru firefly [...the 500s came out, I was wondering if any others like 100s had come out?] Only the 500s so far. IMO the remaining notes will appear very shortly
7-7-2016 Intel/Newshound Guru Backdoc JULY 1ST WE SAW OIL PRICES RIGHT IN THE WINDOW OF EXPECTATION OF $45.00 TO $50.00 FOR IRAQS BUDGET! GREAT! THIS MIGHT HAVE BEEN THE BEST TIME TO START THE PROCESS OF RELEASE AS WE HAVE SEEN ARTICLES IN IRAQ STATING THAT VERY THING! THEY APPEAR TO HAVE STARTED IMPLEMENTATION! IF OUR STUDY PLAYS OUT THE DOLLAR WILL START ON THE MOVE UPWARD AGAIN ALLOWING A GREAT OPPORTUNITY FOR FURTHER DE-DOLLARIZATION FOR IRAQ, VIETNAM, AND OTHER EMERGING COUNTRIES TO DUMP THEIR OVERVALUED DOLLARS AS THE IMF HAS RECENTLY STATED!
7-7-2016 Newshound Guru rcookie [Are we still looking at the 12th for parliment to meet?] YES...BY ALL REPORTS...AND THEY HAVE A BASKET OF LAWS CUED UP AND AWAITING THEIR RETURN.
7-7-2016 Newshound Guru wmawhite Iraq is in the economy markets...The IMF told you and me and the entire world that the G7 nations are now approaching Iraq to enter into financial agreements...the effect of being the global market will, IMO, cause the CBI to show the true value of the IQD.
7-7-2016 Intel/Newshound Guru Backdoc ALL OF US NON-COUNTRY INVESTORS ARE EXPECTING THE ARRIVAL OF THESE DIGITAL FORMATS AS A PRELUDE TO A RATE CHANGE FOR MANY OF THESE EMERGING COUNTRIES! WE HAVE SEEN SOME MUTED ACTIVITY ALREADY WITH BANKS IN VIETNAM CONCERNING DIGITAL TRANSACTIONS, BUT I BELIEVE IT IS NECESSARY FOR GLOBAL ACKNOWLEDGMENT OF THESE CURRENCIES PRIOR TO LAUNCHING THE NEW COUNTRY VALUES! HE WHO HOLDS CERTAIN COUNTRIES’ PAPER AFTER THE TRANSITION SHOULD BE SMILING EAR TO EAR SINCE IN IRAQS CASE THEY HAVE TOLD US THEIR CURRENCY WOULD HAVE FACE VALUE IN PERPETUITY! [post 2 of 2]
7-7-2016 Intel/Newshound Guru Backdoc MONTHS AGO I TOLD YOU ABOUT CURRENCY SWAPS AND THAT COUNTRIES LIKE INDIA AND OTHERS WERE SWAPPING CURRENCIES WITH IRAQ TO SETTLE PAST DEBTS...THE SMART INVESTORS, “COUNTRIES," ARE SWAPPING AND BUYING EACH OTHERS CURRENCIES BECAUSE THEY KNOW SOMETHING MOST FOLKS DON’T. THE REAL GAME IS THIS TRANSITION TO DIGITAL CURRENCIES WHICH WE BELIEVE HAS BEEN UNDERWAY FOR SOME TIME NOW! ...I HAVE SEEN MANY ARTICLES ON THE DIGITAL CURRENCIES FROM MULTIPLE COUNTRIES LIKE RUSSIA, IRAN, IRAQ, VIETNAM, ECT.! [post 1 of 2....stay tuned]
7-7-2016 Newshound Guru wmawhite Article: "Iraq new 500-dinar note with Kurdish confirmed" After reading this article/announcement...I asked why would the CBI spend $millions on a note that has a current equivalent value of $0.43. Currently, this note has no place within the market place, similar to the former 50 IQD note. Yet, they spend millions to make the Kurds happy based upon promises made years ago. IMO, this is evidence that a shift in the value of the Iraqi Dinar is near because this note will be of no value in the marketplace unless the price of product is reduced dramatically. This will happen when the value of the IQD increases dramatically OUTSIDE of Iraq.
7-7-2016 Newshound Guru firefly IMO we are no longer waiting on Iraq OR the IMF...Remember, the IMF CANNOT trigger it. There is only one agency that can trigger these events...Internationally... [the bis gives their ok to the IMF , the IMF can tell the CBI to go ahead.] Correct, it's a 3 ring circus that has to follow the correct pattern (procedures). The CBI will show it after the fact.
7-6-2016 Intel Guru Frank26 IMO – this newly printed note is for the next 2-3 months to allow the RV to blossom. Paris Club...Kuwait...“postpone their payments”...for a reason. Article 8 will allow them to pay their own bills...How can you have all of these INTERNATIONAL payments at a program rate? All they need to do is raise their value...a rate that the INTERNATIONAL world will love.
7-6-2016 Newshound Guru wmawhite [...lots of good info and yet we are now into july still waiting for something that should have happened months ago if it weren't for the GOI & CBI dragging their feet!] unless, you happen to know when the CBI is going to do this, then how can you state that they are dragging their feet. This, Iraq entering the economy markets, did happen as the IMF stated it would.
7-6-2016 Newshound Guru Adam Montana Ramadan officially ended yesterday...Today is Eid al-Fitr, the celebration of the end of Ramadan. I do not expect to see anything breaking today, but as of tomorrow (Thursday) the wheels will begin turning again. We have a lot to look forward to!
7-6-2016 Newshound Guru mike Article: "Parliament: the signing of Iraq to loans require him to impose extra taxes on the citizens needed to be reviewed" [More pressure is what we need.] ... here's hoping Iraq feels the pressure and makes the necessary changes.
7-6-2016 Newshound Guru rcookie Article: "Launch Central Bank loans to finance agricultural projects" Quote: "The Ministry of agriculture, said Wednesday, launching agricultural loans from the Central Bank by ACB bin by 33% and equivalent (1, 650) trillion dinars." WE CALLED THIS...MONTHS AGO. WE SAID THAT ONCE FALLUJAH LIBERATION WAS COMPLETED...YOU WOULD BE ABLE TO USE STOPWATCH TO TIME HOW LONG IT WOULD TAKE TO ACTIVATE THE LARGE AGRICULTURAL AND INDUSTRIAL DEVELOPMENT LOAN PROJECTS...THATS OVER A BILLION DOLLARS IN LOANS...IT IS HUGE FOR IRAQ!
7-6-2016 Newshound Guru firefly ...appears the the new 500 dinar note count now has Kurdish language on it. The Kurds always insisted on it...looks like they got it. Quote: "For more than five years, the Central Bank of Iraq has planned to remove three zeroes from the banknotes and add Kurdish text. To date the efforts to redenominate the dinar have failed to come to fruition, but as this note demonstrates, the addition of Kurdish text is underway..." "...but as this note demonstrates, the addition of Kurdish text is underway..." If this doesn't excite you or make you jump for joy you are literally pushing up daisies!
7-6-2016 Newshound Guru tlm724 Article: "Sadoun: Parliament compensate the failure of the laws of more than two months" this is coming from Kurdistan Alliance MP Mohsen al-Sadoun. Quotes: ''...there are several laws of parliamentary committees and the board of the presidency will be a priority in the voting when the new legislative term begins..." "...the new legislative term will focus on the stalled legislation for a long time there were not the will exists among the parliamentary blocs of legislation from a legal most important {oil and gas and federal court} and waiting for decisiveness." *hallelujah* oil and gas just get it done!
7-6-2016 Newshound Guru firefly IMO ...this investment is now ripe for the picking...And NO... I'm NOT calling anything or putting out any silly dates...But it sure looks sweet.
7-6-2016 Intel Guru SteveI ...from a contact in Iraq at a base...it appears Mosul is doing very good and virtually done. Some ISIS still hanging around but no real treats he said.
7-6-2016 Intel Guru Frank26 ...they are closed for 3 days. They will be back on the 10th...Abadi said that as soon as “this time passes, we will do all of the reforms.” Raffidian & Rasheed banks said months ago that they were 98% ready to do loans for the citizens. They said they were going to bring the currency out at 1 to 1...and then float it. I said they could float it until it reached $4.25 and then they would cap it. At 1 to 1...a 500 IQD note would be more than suffice... this 500 note is a precursor to releasing the other LD’s. Everything must occur ALL AT ONCE! That’s why...many dominoes are being set up all at once. The rest of the LD’s will also have the Kurdistan language on them...ALL OF THEM! All of them are positioned in [secured] banks right now. This 500 IQD note released...IMO...equals a CHANGE THAT IS COMING to the IQD rate. I believe the rate will go full-speed by the end of the year. The banks in Iraq...(especially the big 3)...will hold onto the 50k’s for a while to make large transfers – which spells...NO LOP!
[post 2 of 2]
7-6-2016 Intel Guru Frank26 The international companies are waiting...salivating for a chance to get into Iraq...but continue to wait for them to change the value of their currency. Abadi said he solve things after EID. EID is the 6th, 7th and 8th of July. Right after EID...all of the reforms will travel at a much faster pace. [Guru] Delta called this week and says “...The CBI is going to release the 500 IQD note with the Kurdistan language on it.” As you know, the citizens already have a 500 IQD note (without the Kurdistan language on it). ...IMO...when the value of the IQD goes up...the new 500 IQD note ...will be THE LARGEST DENOMINATION! There will be no more 3 zeros! The 3 zero notes will fade away...because mathematically (with the new rate)...those don’t work. When they raise the value in Iraq...the 3 zero notes won’t be usable to the citizens any longer. The plan is to lift the 3 zeros from the citizens. 500 IQD note (and notes lower than that) is all that will be used in the future. The others will be deleted over the next few years. [post 1 of 2....stay tuned]
7-5-2016 Newshound Guru wmawhite [If I understood Mr. White last week, he said the CBI along with the IMF would RV or RI the Iraq currency. Did I read that wrong?] The answer to your question lies in the answer to this question; who owns the Iraq Dinar? The Central Bank of Iraq or the International Monetary Fund? The answer is on every IQD note. ...there is only one entity that is responsible for maintaining the value of a currency...the central bank that owns the currency...no one else.
7-5-2016 Newshound Guru firefly All countries were supposed to be Basel 3 compliant on...July 1st...Meaning banks need to be asset backed. Last week there was a number of Bank stress tests globally. Plenty of assets in Iraq...This isn't intel but TV news.
7-5-2016 Newshound/Intel Guru BGG Article: "Central sets Monday and Tuesday to announce the price of gold bullion" Quote: "...that according to the published rates are based on the (price of gold on the world market for the previous day - Monday), $ 15 plus other fixed costs (wire and insurance)." That gold pricing soon is big news...
7-5-2016 Newshound Guru Enorrste To just state that the money supply is increasing does not mean that the value of the dinar is falling. We know that the increase is not a concern because inflation in Iraq has been kept in check for years. The real reason the money supply is increasing is due to the liquidity problem. That is not related to the value of the dinar. As the CBI has stated many times, in their view (given their reserves) the dinar is grossly undervalued. [post 2 of 2]
7-5-2016 Newshound Guru Enorrste ...since 2011 the money supply in Iraq has risen about 10%. That is only 2% per year, which in world terms is quite conservative. With respect to the 50k notes, again, it is simply not the case that the CBI or anyone else just "gives out" the new bills. They are traded for other bills or are issued as replacements for worn out money. None of this affects the money supply itself. ...a 2% annual increase in the money supply barely keeps up with economic growth. If the economic growth in Iraq averages, say, 4% per annum then the overall affect of a 2% growth in money supply places upward pressure on the value of the dinar, not downward. This is the key point here. It is all relative. [post 1 of 2....stay tuned]
7-5-2016 Newshound/Intel Guru Bluedog IMO...THE ECONOMIC MEETINGS IN IRAQ WITH THE CBI HAVE BEEN INTENSE IN THE LAST FEW DAYS...AND WILL THEY TELL YOU THE TRUTH? IMO, NO ...THEY WILL TAP DANCE TO THE WORLD... BE OF GOOD CHEER IMO FROM WHAT I HAVE SEEN.
7-5-2016 Newshound Guru Millionday IRAQ HAS NOT SOLD THE GAS THEY PRODUCE AT ALL -- THEY HAVE A HUGE RESERVE AND HAVE NOT EXPORTED AND USED THE WEALTH FROM GAS -- SHOCKING...AND WE MEAN FOR DECADES. SO NOW THEY ARE STATING THAT PART OF THE MARKET GOAL IS TO EXPORT GAS -- THEY ARE TO START NOW WITH MASS PRODUCTION FOR THE DIVERSITY OF THE MARKET... THIS IS ACTUALLY HUGE IN ALL AND FOR ALL COMMERCE IN IRAQ --- HUGE FOR THE COUNTRY AND HUGE FOR THE MARKET AND HUGE FOR THE GLOBE. IMAGINE THE DEALS GOING ON FOR THIS TO TAKE PLACE... [... how does a Country export with out a rate?] THIS WILL REQUIRE AN EXCHANGE RATE IMO -- NO WAY AROUND IT THAT I CAN SEE...IMO...HUGE NEWS.
7-5-2016 Newshound Guru Mountainman Ok IRAN we hear You Loud and Clear...LOL... "EXCHANGE RATES" in the Forex are a MAJOR Priority at "THIS TIME"...Really...??? What You Guys are REALLY Trying to say is...We Have A NEW VALUE and We Like Our Shia Bro IRAQ are Expecting a "NEED for SPEED" as a (Finality to Our New Reality) Hits the NEW GLOBAL PLATFORM w/The NEW IEX on SEPT 2, 2016. So too...We are filled with "ANTICIPATION" as Well.
7-5-2016 Newshound/Intel Guru BGG we are still here and in a very good position for WHEN Iraq re-aligns their currency with the international markets...
7-5-2016 Newshound Guru Millionday Article quote: "...in order to improve the Iraqi economy for the better , and the development of trade relations and the promotion of the private sector which is one of the most important pillars development at the present time, urging the government to speed up the application of the reform..." SO THEY ARE CALLING FOR THE ECONOMIC REFORM TO BE ACTIVATED IN A HURRY...WHOOPOW.
7-4-2016 Newshound Guru Kaperoni [The whole note count thing is really confusing.] It is really very simple. Once the dinar begins to rise, the banks will hold back the larger denominations. Specifically the 10k and 25k and what little 50k were released will be destroyed. And when the timing is correct, a newer smaller note will come out such as 50 dinar, 20 dinar. etc. Since the majority of the countries money supply is larger denominations, the money supply will significantly be reduced fairly quickly. The whole process will be rather seamless, that is of course if the CBI gets its wish for stability.
7-4-2016 Newshound/Intel Guru Bluedog IMO...SO NOW WE SEE IN AN ARTICLE WHERE THE RAISING OF THE FLAG IN SOUTHERN MOSUL ...AS A RESEARCHER I KNOW THE KURDS HAVE CLEANED THE NORTHERN PART OF MOSUL MONTHS AGO ...GET WHAT I'M SAYING...ARE WE WAITING FOR A GOVERNMENT TO ANNOUNCE THE COMPLETION ...SURE WE ARE...FLAGS SHOULD SHOW SOON IN NORTHERN MOSUL...
7-4-2016 Newshound Guru Millionday Article quote: "...ways of enhancing the national economy through research in fast-action real action toward the multiplicity of economic resources and the dimensions of the national economy for the rentier status that accompanies it for decades..." THEY ARE LOOKING FOR A WAY TO HAVE DISPENSABLE INCOME ON THE STREETS IN THE NATION... BAGHDAD HAS CALLED FOR THE NEW TAXATION TO BE ACTIVATED -- SO THEY ARE STATING THAT ALL THE NATION NEEDS TO FOLLOW THESE ORDERS TO SUPPORT THE COUNTRY. THEY ARE CALLING FOR THE PRIVATE SECTOR TO BE ABLE TO GROW AND BE INDEPENDENT BUT ALSO A PARTNER IN THE ECONOMIC REFORM OF THE COUNTRY -- ASKING TO GO THROUGH THE BANKS AND THEY LOAN AND BE A PARTNER. OBVIOUSLY SAYING IT IS TIME TO ACTIVATE THE MARKET.
7-4-2016 Newshound Guru Kaperoni Article: "Iraq new 500-dinar note with Kurdish reported" The CBI has to continually replace old notes as they wear out, whether they want to or not. If the note is in circulation, they have to take care of it. If they didn't, citizens would lose even more confidence in the dinar and turn to the dollar. Its all part of monetary policy and do what they can to keep the citizens wanting and using the dinar which keeps demand on the dinar. Upgrading features, specification, etc. is all part of that process. We should not read anything more into this than that.
7-3-2016 Newshound/Intel Guru BGG [So, are you saying that it is not postponed?] "delayed" implies someone - somewhere knew of or implies knowing a particular date of execution. There is NO SUCH THING...we are still here and in good position for a profit when Iraq's currency is re-aligned (with the world). However, I can honestly say - I am not the only researcher WILDLY excited about where we are in this thing right now.
7-3-2016 Newshound Guru Mountainman Because LOANS are Flowing to Them as they Meet Standards of Compliance = Not just the IMF but as We saw A few Days Ago, the USA even is Looking At Extending Payments on "FIGHTER JETS", Even KUWAIT joined in on the "FUTURE Payment BANDWAGON" etc... IRAQI'S STAND STRONG and UNITED, Your (Needs) P.M. ABADI says will be Met In the COMING DAYS = Your ECONOMIC REFORMS After EID = July 8...Will A NEW RATE be SEEN by Us {ALL}...? Yes, I Believe The CITIZENS will Get (WHAT) was Promised to them From ABADI and the International World = Their PURCHASING POWER... [post 2 of 2]
7-3-2016 Newshound Guru Mountainman Article: "Minister of Trade and agency relations with China and the solid volume of trade exchange between the two countries in the rapid development" CHINA and IRAQ both (UNDERSTAND) their Respective Realities and the TIMING as Well...therefore, as The FALL Approaches and NEW LEAVES "Turn" their TRUE COLORS...A New DIGITAL PLATFORM Awaits [ALL] Countries on Sept 2, 2016... So the THEME of (NOW) Implies Other Realities for IRAQ and This "COORDINATION of REHABILITATION"...[WHY]...? [post 1 of 2....stay tuned]
7-3-2016 Newshound Guru Enorrste To sum up: the IMF is pushing the plan forward. The increase in taxes is bringing money out of the mattresses. The loans will force Iraqi businessmen to use banks. The increased economic activity will interest foreigners. All of this will have an upward pressure on the value of the dinar over time. Of course the time frame is our concern. It doesn't appear that the IMF will bring Iraq into the "real world" by the middle of this year. Hopefully by the end of this year we will see movement in that direction. [post 4 of 4]
7-3-2016 Newshound Guru Enorrste Finally, with respect to the introduction of the 50k note, I would disagree ...that it increases the money supply. It is not as if the CBI is just handing out these new notes to people, which would in fact increase the money supply. Instead, the notes are purchased by people who are holding smaller denominated notes. The net affect on the money supply is zero. The smaller notes go to the CBI, who issued the larger notes, and will sit there until they are destroyed, if they haven't already been destroyed. In any case, they are no longer floating around in the money supply as we know it. [post 3 of 4....stay tuned]
7-3-2016 Newshound Guru Enorrste Third, we read that $7 billion worth of dinars will be loaned out. What is the effect of this? The first thing is that to get the money you have to use a bank. The second is that the money will be loaned out to specific individuals for specific purposes, thus directing money into the economy where the government (read IMF here) wants it to go. And, third, the money will be loaned out over time. This is important because it need not increase the money supply at all. Instead it will increase economic activity which will lead to an improvement in the value of the dinar (the stated goal of the IMF). It will also make Iraq more attractive for foreign investors as they start to see things moving in Iraq economically. In short, this is a "stimulus" package of sorts created by the IMF to kickstart some serious economic growth in Iraq. [post 2 of 4....stay tuned]
7-3-2016 Newshound Guru Enorrste Article: "Parliament: the signing of Iraq to loans require him to impose extra taxes on the citizens needed to be reviewed" First, I believe that it is obvious that this is all being directed from the IMF. As trustee of the CBI they are fully in control now, in my view. I see this, then as a positive move. How, then, can raising taxes on the people of Iraq be seen as a positive move? The answer is in the articles themselves. First, only the wealthy are being taxed. Anyone on government assistance is excluded. Second, we read in the articles...that the goal is to get the money out of the mattresses. Obviously asking the wealthy to do this isn't working. How else can they do this? Simple: tax it away from them. In doing so the government increases its revenue while at the same time possibly reducing the money supply (to the extent that they don't spend it). [post 1 of 4....stay tuned]
7-2-2016 Newshound Guru Stryker Iraq new 500-dinar note with Kurdish reported. The 500 dinar banknote will be the largest denomination once this all goes down, so there's no need to add the Kurdish language to the three zero notes because they will be deleted from circulation over the next few years once they roll out the new lower denominations.
7-2-2016 Newshound Guru rcookie THE THINGS THE IMF IS REQUIRING TO GET DONE...LEGISLATIVELY...ARE REVISION OF 2016 BUDGET LAW...REVISION OF CBI LAW...VOTING OF PUBLIC FINANCIAL MANAGEMENT LAW....BUT WE NEED PARLIAMENT BACK TO WORK...YESTERDAY!!
7-2-2016 Newshound Guru Mountainman IRAQ and the USD are Moving On UP TOGETHER...for IRAQ is Pegged to It...The TIME is Not Yet to be Seen...Just because IRAQ hasn't Changed YET...Doesn't Mean their (Turn) isn't About to TURN OVER RED ROVER...{ALL} this is A GLOBAL HEAT WAVE of TIMING...from the EAST to the WEST...A GLOBAL MELT DOWN w/ A Designed PRECISE {COUNTDOWN}...IMO
7-2-2016 Intel Guru Frank26 Article: "Parliamentary Economy: edit Mosul will stimulate investment and the private sector in the country" "GIVE ME MOSUL...AND WATCH THE REFORMS PICK UP AT A VERY VERY VERY QUICK... PACE..." We told You this a month ago but take heed ...THEY NOW TELL YOU OUR... KEYWORDS.
7-2-2016 Intel/Newshound Guru Poppy3 [saw this...Iraq is seeking to postpone the payment of debts owed to the Paris Club of creditor nations confronted with a liquidity crisis caused by the weakness of oil prices in addition to the cost of the war against al Daash.] ...I HEARD THE DELAY TILL THE 12TH HAS BEEN MOVED BACK TO THE 3RD. THIS IS NOT CONFIRMED AS YET THAT I KNOW BUT IS THEIR USUAL MODE OF OPERATION TIME WILL TELL.
7-1-2016 Newshound Guru Aggiedad77 Article: "Parliamentary Economy: edit Mosul will stimulate investment and the private sector in the country" ...once the primary flag is planted in Mosul...the reforms start moving...hot and heavy...at an unheard of pace...by this stimulation....they create jobs...jobs for the Iraqis...that is what will truly stimulate things within Iraq...that is a great thing for everyone...them and us.
7-1-2016 Newshound/Intel Guru BGG It looks abundantly clear to me - once the IMF support package and IMF oversight was in place, the political climate in Iraq changed almost overnite. Not perfect, but everyone was moving like something is on the line...which...it is. Iraq is moving politically, against corruption, against ISIS (this has to be at the behest of the IMF/WB - who will insist the Sunnis be relieved of this oppression) and in favor of a market economy. BIG TIME!
7-1-2016 Newshound Guru mike The road to the dinar appreciating is a process. There are no buttons to push or instant actions that will make it happen. The first thing we need is the cooperation and the functionionality of Parliament, nothing will happen with the dinar until Parliament can re-convene and learn to negotiate and cooperate. The above article is great, it shows that the banks are ready to begin the process, but the banks don't make the decisions, the government does. All these feel good articles are nice, but until I see the government working together, that's all they are, good intentions. [post 2 of 2]
7-1-2016 Newshound Guru mike Article: "Document .. Khawla al-Asadi director of Rafidain Bank Agency" The writings been on the wall for years...some of the articles from 2012 when Shabibi was still around you can almost feel the change in the dinar coming, but the government got in the way. Nothing's changed since 2012, the government is still in the way. The IMF can't drive or force Iraq to do anything, Iraq is a sovereign country and they'll do exactly what they want to, western banking or not. Would it benefit them to appease the IMF and WB? Sure! I mean, if they say the right things and try to do some of what's requested, they'll get access to $15 billion dollars, that's a heckuva incentive. But let's face it, the IMF has been telling them to do things for years and nothing's been done yet, so I wouldn't hold my breath on that front. Clearly these folks have a problem honoring the deals they make, all you have to do is look at the Paris Club and the repayment arrangements with Kuwait, both of which they're not honoring. [post 1 of 2....stay tuned]
7-1-2016 Intel Guru SteveI With the IMF agreement in place and Iraq desperately needing the money, I am just not sure how this will all play out. Iraq...seems to have maneuvered around many agreements in the past. Maybe this is different because the world is watching. Yet to be seen. I have to admit and agree, things are looking better and better every day. I am very excited about July, but still very cautious... Exciting times ahead!
7-1-2016 Newshound Guru firefly [Has anyone got the impression that the Brexit may be pushing things faster?] Absolutely! IMO of course. [But will this country actually go through with this... There is talk of delay...?] IMO, they have no choice...THE ENTIRE GLOBE IS A MESS RIGHT NOW. THE FURTHER THIS DRAGS OUT THE WORST IT WILL BECOME.
7-1-2016 Intel Guru SteveI I do not believe that this currency will turn into a zero value because of the various countries and governments holding it. I have no proof of what countries or how much except what has been published in past articles over the past 10 years. Here is another question you may want to ask yourself. If the Iraqi currency is worthless and always will be worthless, why are thousands of people and groups risking prison in Iraq to counterfeit it? My guess is that they know some where down the line this will be worth a lot more that what is is today. If the CBI has no intentions of increasing is value, why are they talking about reducing the large notes and introducing to the citizens lower notes? ...it is to start preparing them for a monetary reform which includes the introduction of the lower denominations. This is all positive folks! [post 2 of 2]
7-1-2016 Intel Guru SteveI [On a scale of 1 to 10 with 10 being the highest that this will RV...I mean ever happening? time frame? how about this year? What do you think?] On a scale of 1 to 10, I am going to go out on a limb here and say 9 for the current value increasing. The reason for a 9 is the backing of other international recognized institutions like the IMF, World Bank and others that would like to see Iraq emerge as a successful player in the global economy. Also, Iraq is promoting their country as a place to invest in. They want foreign companies and other countries to participate in their resources. Last I recall, the CBI is reducing the USD within their county and encouraging everyone to use the Iraqi currency. This will never happen at the current rate regardless how much oil they have. Remember, they have many other resources that are not controlled by international groups. Now for the second part of the question, when, very confident this year so I will give it an 8. The reason for this number is that many unplanned events can consume Iraq and perhaps move plans further out into the future. [post 1 of 2....stay tuned]
7-1-2016 Intel Guru Bruce "the well is flowing freely" no more stops, no more holds. it is a joyous time...SWIFT will no longer be in use as of Friday (tomorrow, July 1). ...my sources as saying that this will be the best July 4th that we have ever had in our lives. Not calling in on 4th, just saying in that time frame because of the new system starting tomorrow [Friday]. Rates will be excellent.
7-1-2016 Newshound/Intel Guru BGG Article quote: "The instability of the dollar exchange rate in Iraq is due to influenced by internal and external factors," noting that "monetary policy and the auction of the currency too much impact on the dollar exchange rate." This piece is mainly highlighting the last few stages of "push - pull" before MAJOR ECONOMIC REFORM kicks off. [What happened to them doing away with the auctions?] As of today - they were saying that would be a better option, but until then - this will have to do... (as in removing the auctions altogether). I am not entirely surprised - nor that upset about this recent Fed Court Ruling, this will ultimately end in reforms for Iraq... what the exact route looks like... who knows.
7-1-2016 Newshound Guru mike Article: "Iraq develop a plan to postpone the premiums Paris Club" It's just another debt they can't pay after agreeing to it in the past. Iraq will definitely benefit from not having to pay it's bills. These guys are never going to get above a B- credit rating if they don't take care of their debts. And it's not just the Paris Club, they're also pushing the payments to Kuwait back.
7-1-2016 Intel Guru SteveI [...you have mentioned you are hopeful for July a few times. Is that based on news or information from your sources?] Here is my reasoning for mentioning July a few times. There seems to be a very good sound agreement between the IMF and Iraq. Now the so called "Letter of Intent" had some very specific details regarding the Foreign Exchange Policy. When I read that section, among other it was very exciting to say the least. However, I have not seen any final document that was signed with the same conditions. It could be very possible that Iraq and the IMF negotiated various terms...and the one in December is not necessarily the one signed in March. If we all knew for a fact that the March final agreement was exactly as the December agreement, I would pretty much say this is a done deal in July or when Iraq receives their first loan payment. The bottom line is, if the exact same terms and conditions were in the final signed agreement, they [then?] you all should start smiling and get ready for something very exciting...
6-30-2016 Intel Guru Frank26 You will never see the LOI...but you will see fragments of it...and one day you are going to wake up in the still of the night and you will see a rate change for the IQD...and everything else will continue to wait and bow to Iraq’s decision about raising the value of their currency…and until that day happens there is not a whole lot we can do...except to continue to threaten them, encourage them, push them...or drive them into the international theater where you cannot survive with a program rate. IMO...are now working in the direction that we want...for all their reforms...and the Financial Reform is one of them.
6-30-2016 Newshound Guru Kaperoni Article: "Iraq develop a plan to postpone the premiums Paris Club" The worse the conditions get, the more urgent they need economic reform. And that starts with banking.
6-30-2016 Newshound Guru Stryker Article: "Parliamentary Finance calling on the government to prepare for the coming years" A July launch is looking better everyday!!!
6-30-2016 Newshound/Intel Guru BGG one way a central bank controls the movement of its currency is with its value. the CBI may be positioning the banks prior to authorizing/directing them to settle all foreign remittences with the IQD. ...in other words... if the CBI is directing the banks to settle all foreign remittences with the IQD - 1182 IQD would be leaving the country for every $1 paid...this is all good. So how does the CBI control the outflow of the IQD? With the VALUE - of the IQD. [Who determines that value?] The C-B-I under the "advice" of the I-M-F (as of recently). [this is great news but won't the need the pricing index calculation to be implemented?] IMHO - that is a very, quick and easy calculation. [post 2 of 2]
6-30-2016 Newshound/Intel Guru BGG Article quote: "in order to control the settling accounts Alkmarki and tax procedures for the purpose of regulating the import and export of materials and goods and adjust the traffic movement amounts in foreign currency, including those funded by the Central Bank of Iraq." AS OF JULY 1ST THEY HAVE ESTABLISHED AN ENTITY TO REGULATE IMPORTS/EXPORTS WORKING WITH MINISTRY OF COMMERCE AND CONTROL THE CURRENCY... THE FOREIGN CURRENCY MOVEMENT OF TRADE FUNDS INCLUDING CBI FUNDS...AND LOOK WHAT THIS LAW HAS TO DO WITH... THIS DEALS WITH THE COMPOSITION AND STRUCTURE OF ALL COMPANIES IN IRAQ ESPECIALLY PUBLICLY TRADED COMPANIES ON ISX... [post 1 of 2....stay tuned]
6-30-2016 Newshound Guru firefly Seriously folks, stop looking for a date, you won't find one (at least not a real one). Just be happy we are in the moment. They are telling us daily exactly what they are doing.
6-30-2016 Newshound Guru Kaperoni ...their does not need to be some event where they reduce the money supply before raising the value. They can do it naturally. Remember back in 2004-2006 Shabibi raised the value of the dinar from about 3000 dinars to $1 to 1166 to $1 with little fanfare, inflation was reduced to less than 3% and nobody talked about the money supply or reduction of the note count. I expect when the dinar begins to rise this time, a very similar situation will occur. The banks can do it all for the CBI as the dinar gradually rises.
6-30-2016 Newshound/Intel Guru BGG Maybe we should quit worrying about dates...and start paying attention to what they are actually getting done...one thing is for sure - Abadi and the GOI are moving ahead at light speed after what appears to be some agreement with the IMF/WB - etc, etc...Especially on the security and political fronts.
6-30-2016 Newshound Guru Millionday Article quote: "...identify trends in banking reform and clear indicator that changes made by the government in the departments of government banks as an important step on the road to reform." THIS IS TELLING US THAT STEPS HAVE BEEN MADE TOWARD BANKING REFORM...THE GOVERNMENT IS ATTEMPTING TO FINISH ALL BANKING REFORM STEPS. THE GOVERNMENT PROGRAM APPEARS TO BE LAUNCHED AND THEY ARE WORKING ON IT WITH THE CBI INITIATIVE. SOME CHANGES HAVE TO TAKE PLACE FOR THE BANKING REFORM TO BE ACTIVATED TOTALLY BUT THEY DONT APPEAR TO SAY WHAT CHANGES. IT APPEARS ACTION IS TAKING PLACE TO WORK WITHIN THE REFORMS AND LAUNCH. THE JOINING OF THE PRIVATE SECTOR AND THE GOV AS THEY RUSH THE ENTIRE LAUNCH OF THE GOV PROGRAMS AND THE BANKING REFORM WITH CBI AT THEIR SIDE. WE HAVE GOV PROGRAMS -- CBI INITIATIVE -- CLEARANCE FOR INVESTORS -- AND BANKING REFORM -- WITH LEGISLATION FOR THE COUNTRY AND MARKET ECONOMY...THE MOVE TO A MARKET ECONOMY -- THIS IS GREAT NEWS.
6-30-2016 Intel/Newshound Guru Poppy3 SEEM THEY AGAIN ARE NOT WORRIED ABOUT THE PREVIOUSLY AGREED TIME LINE TO COMPLETE THE LAWS AND FINANCIAL REFORM AS STATED BY THE IMF, WORLD BANK. SEEM THEY HAVE BUSTED THEIR BUNNS TO GET READY YET THEY AT THE LAST MINUTE POSTPONE PARLIAMENT TO COMPLETE THE VOTES NEEDED. NOW ARE THEY SAYING ONE THING AND ARE GOING TO DO THE OTHER? ONLY TIME WILL TELL BUT LIKE I HAVE ALWAYS SAID WE MUST WATCH THEIR ACTION AND DISMISS 90% OF WHAT THEY SAY. I'M NOT HAPPY ABOUT ANY DELAY BUT EXPECT IT TO BE TEMPORARY AT BEST. WE WATCH AND SEE AS WE HAVE FOR YEARS YET WE KNOW IT IS POSITIVELY HAPPENING.
6-30-2016 Newshound Guru Kaperoni Iraq has no time to waste. They need investors, and need to transition to a market economy as soon as possible to put people to work and rebuild the country. Abadi seems to be willing to move forward as fast as possible..so let's hope the second half of 2016 is what we all been waiting for.
6-30-2016 Newshound Guru wmawhite [so parliament not meeting until the 12?] ...Jabouri told the nation of Iraq that the next session is July 12, 2016. Article: "Jubouri announce the unified parliament session on 12 of next July"
7-12-2016 Newshound Guru rcookie Article: "Resumed the House of Representatives, on Tuesday, the opening of its first legislative term of the third legislative year in the third parliamentary session." SO PARLIAMENT MET SUCCESSFULLY UNDER JABOURI...GOT THE 1ST ONE OUT OF THE WAY...DISCUSSED SECURITY FILES AND ISSUES... [did they vote on anything...thats what we need?] NO...NO VOTES BUT READ A FEW LAWS...
7-12-2016 Intel/Newshound Guru Holly1 ...WHAT IS GOING ON IN IRAQ ...CANT MAKE IT AT 1182 NO WAY NO HOW ... THEY NEED STEPS AND A HUGE ONE PEOPLE DEMANDING A NEW PRICE OF THE DINAR IMO.
7-12-2016 Newshound Guru Millionday Article quote: "Committee of economy and investment representative confirmed that the activation of the private sector in the country will contribute to move the economic situation." THE PRIVATE SECTOR WILL BRING DIVERSITY REQUIRED BY A HUGE TRADE ORGANIZATION AND ALSO BRING IRAQ LIQUIDITY DUE TO WORK FORCE AND ALSO REVENUES FROM TRADE. SO AS WE SEE THE ADVANCEMENT OF THE PRIVATE SECTOR IS TO MOVE ON THE ECONOMIC ADVANCEMENT FOR IRAQ -- ALL ABOUT STABILITY AND CITIZEN STABILITY. ...THE NEWS IS GREAT AND WE SHALL...SEE WHAT PARLIAMENT GETS DONE – IT IS SUPPOSED TO BE THE LEGISLATION IN PLACE FOR ALL REFORMS THAT IS TO BE VOTED THROUGH TO LAW – ALSO THE AMNESTY READY TO BE VOTED FOR LAW AND FEDERAL COURT AND ALSO THE REMOVAL OF ALL PROXY POSITION HOLDERS TO PUT IN PLACE PERMANENT GOV OFFICIALS FOR THE REFORMS...
7-12-2016 Newshound Guru firefly the wait is not important...what is important is they are now telling us in detail what is occurring.
7-12-2016 Newshound Guru rcookie Article quote: "Rafidain Bank, announced Saturday a plan to expand his business and opening new branches in Baghdad and the provinces to provide services and subsidies given to citizens Bank." ...THIS IS FURTHER NEWS OF THE PROGRESS OF OPENING RESTRUCTURED & PRIVATIZED BRANCHES....OFFERING ONE STOP SHOPPING BANKING SERVICES...THEY ANNOUNCED MONTHS AGO TO BR AT 97% COMPLETION OF THE SOB PRIVATIZATION PROJECT BEING OVERSEEN BY WORLD BANK SINCE 2006...THIS IS THE EVIDENCIARY CONCLUSION TO THAT PROJECT.
7-12-2016 Newshound Guru mike Article: "The government is considering increasing the tax rate on employees" ...this ain't going over well with the people. I can see Sadr now standing up on his soap box denouncing the government for this act. At every turn they do everything they can to not pass the laws, open up the economy and get the currency internationally recognized. Instead, they float bonds, borrow money from the IMF, tax imports and now they're talking about increasing taxes on the citizenry. This ain't the right direction Iraq.
7-12-2016 Newshound/Intel Guru BGG [...have you seen the article about Upgrading your currency...if so what is your take on that? ...the numbers are align up with yesterdays discussion with the Iraq banker...] ...if they are discussing this - in that frame of reference privately - this is SERIOUS. I am excited. [reference Guru wmawhite post 7-11-2016]
7-12-2016 Newshound Guru Millionday Article quote: "There are international experiences in the developed countries has pursued this style any merger banking is not a financial deficit but to cemented competitive strength in the market..." BANKING MERGERS...THEY ARE EXPLAINING THE IMPORTANCE AND BENEFIT TO THE CITIZENS ABOUT MERGING BANKS...THEY HAVE DECIDED TO MERGE AND HAVE EXPLAINED THE BENEFITS SO HUGE MOVES FOR IRAQ IN THE QUEST TO GO GLOBAL COMPETITIVELY. THIS IS PROGRESS IN IRAQ AND FOR THE ECONOMIC BANKING ADVANCEMENT AND ITS REFORMS.
7-12-2016 Newshound Guru rcookie Quote: "... forcing banks to deploy ATMs in every province... and the introduction of credit cards for banks digital money..." THEY ARE DISCUSSING GOING DIGITAL WITH THE INTRODUCTION AND DISBURSEMENT OF SOPHISTICATED NETWORK OF ATM MACHINES THROUGHOUT THE PROVINCES ACCORDING TO POPULATION DENSITY...AS WELL AS BRING BANKING SECTOR TO THE LEVELS OF ADVANCED TECHNOLOGY AND SERVICE OF GLOBAL STANDARDS...
7-11-2016 Newshound Guru Millionday THE TITLE OF THE REPORT: "Author - Ahmad Salami - Dinar plastic (polymer) - Restructuring of the Iraqi currency - Re-evaluate the value of the dinar" THIS IS LISTING THE BENEFIT TO THE IRAQI PEOPLE OF THE NEW PLASTIC MONEY CARD ISSUED...THEY LAY OUT THE PLANS FOR THE IRAQI DINAR..."1. Delete the zeros phantom inflation inherited from the siege and war... 2. Be the dollar value of 1 is equal to 1 dinar and 118 fils. 3.eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with." THE RESTRUCTURE IS EXPLAINED HERE TO INCLUDE MOVING THE DINAR TO BE 1USD TO 1 DINAR 118 FILS...THEY ARE SAYING A VALUE. I PERSONALLY HAVE NOT SEEN A THING IN ALL THESE YEARS STATING ANY VALUE OR REVALUE ANNOUNCEMENT WITH VALUES AND FOR WHAT PURPOSE. THE DINAR WOULD BE WORTH MORE BY WHAT THEY ARE SAYING HERE -- NOT ONE TO ONE. THIS IS TO THE IRAQIS FOR THE REVALUATION SO WE WIlL SEE WHAT THIS MEANS FOR RATES AS A RESULT.
7-11-2016 Newshound Guru rcookie Quote: "Ammar Abdullah GhaithInterest is the rehabilitation of monetary value of the currency to make it universally used by tourists, traders" THIS ECONOMIST ASSERTS THE REHABILITATION OF THE IQD IS TO MAKE IT UNIVERSALLY USED BY TOURISTS & TRADERS AND BE USED INTERNALLY & EXTERNALLY INSTEAD OF THE DOLLAR...DECREASING NUMERIC VALUE...CURB INFLATION...RAISE THE PURCHASING POWER AND SUPPORT THE ECONOMY...AND HAVE THIS ALL REFLECT STRENGTH IN THE EXCHANGE RATE AGAINST THE USD AND GLOBAL CURRENCIES WHICH IT OBVIOUSLY CURRENTLY DOES NOT DO...
7-11-2016 Newshound Guru mike Article quote: "...that the lack of security and stability and political chaos and widespread administration available corruption and other internal conflicts, are factors that hinder the performance of the banking sector..." I say out with the old and in with the new. These guys have been in cahoots for years and have stolen billions of dollars, if not for themselves for the politicians who installed them. It's time to clean house...
7-11-2016 Newshound/Intel Guru BGG What is amazing to me...regarding all the news out today... this topic - Currency reform, Dinar value and economic reform... IS PLAINLY BEING TALKED ABOUT. It's NO SECRET. They are discussing it DAILY - and OPENLY.
7-11-2016 Newshound Guru rcookie Quote: "1. Delete the zeros phantom inflation inherited from the siege and war...2. Be the dollar value of 1 is equal to 1 dinar and 118 fils. 3. eetm [meet?] payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with." THEY ARE POUNDING THEIR CHESTS AGAIN ABOUT RESERVES AND GOLD LEVEL EXCEEDING INTERNATIONAL STANDARDS TO COVERT THEIR TRADE NEEDS...AND HERE THEY ASSERT THE DIFFICULTY OF CONVERSION INSIDE AND OUTSIDE OF IRAQ WITH EXISTING EXCHANGE RATE AND CALL FOR IRAQ TO RESTRUCTURE ITS CURRENCY...SAYING INFLATION HAS BEEN KEPT IN CHECK FOR DELETE THE ZEROES PROGRAM...AND SUGGEST THE VALUE OF $1 USD BE EQUAL TO 1 DINAR AND 118 FILS...AND OUTLINE TRADE PARTNERS WHO OPERATE WITH CURRENCY TRADE UNDERSTANDING THAT IS DEALT WITH BETWEEN THEM.
7-11-2016 Newshound Guru Millionday THIS IS THE MOST IMPORTANT THING YOU MUST KNOW RIGHT NOW..."Confirmed member of the Committee of Economy parliamentary Najiba Najib...the International Monetary Fund loans conditional on administrative and financial reforms." THE IMF HAS ANNOUNCED THAT IRAQ IS GETTING THE LOANS NOW AND HOW THEY ARE HAPPENING... AND IN JUNE WHEN THEY WENT OVER IT WITH THEM -- THE CONDITION IS THE REFORMS. SO WITH THE NEW NOTES OUT -- PARLIAMENT MEETING TO PUT LAWS IN PLACE FOR REFORMS AND THE PROXY POSITIONS BEING REMOVED --- VERY INTERESTING TIME RIGHT NOW FOR IRAQ...SO NOW WE HAVE TO SEE WHAT HAPPENS WITH PARLIAMENT...
7-11-2016 Newshound Guru wmawhite "1. Delete the zeros phantom inflation inherited from the siege and war...2. Be the dollar value of 1 is equal to 1 dinar and 118 fils. 3. eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with." This is an Iraqi banker discussing on social media the need as well as the revaluation of the IQD. The information he discusses is quite detailed, even to the point of stating that the currency will have 100 fils. IMO, he is comfortable enough to discuss this because it is common knowledge within his profession. Why else discuss it? We have the CBI, GOI telling us this is what they wany to do...And now, here is a banker telling us the details. [WHAT IS 100 FILS...?] a FIL is less than one...Think of our 1 cent, nickel, etc.
7-11-2016 Newshound Guru rcookie Article: "Transportation Announces opening of the large port of Faw project next year." THIS IS HUGE FOLKS... ABSOLUTELY GINORMOUS! THIS IS THE SINGLE LARGEST INVESTMENT DEVELOPMENT PROJECT IN THE ENTIRE COUNTRY...AND THEY ARE TELLING YOU WHEN IT WILL LAUNCH AND BE LIVE! THIS PROJECT WHEN COMPLETED WILL CONTRIBUTE MORE JOBS AND NON OIL REVENUES TO GDP THAN THE ENTIRE OIL SECTOR...THIS PROJECT MORPHS THEM INTO WHOLE NEW STRATUSPHERE! WILL DOUBLE GDP...AND WILL BE NON OIL REVENUES...WHICH WILL MAKE IMF & WB HAPPY AND ADDRESS UNEMPLOYMENT...BETWEEN THE LOANS AND BONDS AND INCREASE IN NON OIL REVEUES AND AWAY FROM OIL DEPENDENCE... TRUE ECONOMIC DIVERSITY AND SUSTAINABILITY...THEY WILL BE A POWERHOUSE.
7-10-2016 Newshound Guru rcookie Article quotes: "Rafidain Bank, announced Saturday a plan to expand his business and opening new branches in Baghdad and the provinces to provide services and subsidies given to citizens Bank. ..."the Bank has a strategic plan for this year is to develop his work and introducing new technologies to keep up with technological advances applied in developed countries." THIS IS FURTHER NEWS OF THE PROGRESS OF OPENING RESTRUCTURED & PRIVATIZED BRANCHES....OFFERING ONE STOP SHOPPING BANKING SERVICES...THEY ANNOUNCED MONTHS AGO TO BR AT 97% COMPLETION OF THE SOB PRIVATIZATION PROJECT BEING OVERSEEN BY WORLD BANK SINCE 2006...THIS IS THE EVIDENCIARY CONCLUSION TO THAT PROJECT...[GREAT NEWS, Now they just need a new value.] EXACTLY.
7-10-2016 Newshound Guru Millionday Article quote: "National Bloc MP Abdul Karim Abtan, on Friday, to witness Weekly next couple of important political events, followed by "radical and significant reforms" in the government structure." NOTE -- REMEMBER THAT ALL PROXY POSITIONS WILL BE CHANGED... IT APPEARS WE WILL SEE HUGE CHANGES IN IRAQ IN THE FOLLOWING OF PARLIAMENT REFORMS ACCORDING TO NEWS.
7-10-2016 Newshound Guru tlm724 Article: "The port of Khor Al-Zubair resume its work after a hiatus of three years" Quote: "A source said in an interview for "trend-Presse," The reefer container project has been made available on her part in the joint operation contract with the German company Marlok." this is awesome and surely needed in Iraq. A reefer port is a refrigerated cargo terminal and they can keep cold stores for long periods of time ie: meat, orange juice etc and the ships are called "reefer ships" same thing, refrigerated cargo ships. Great news!
7-10-2016 Newshound Guru mike It's amazing, four or five years ago I thought these guy's would RV at $3 bucks and I'd be good to go. The history lesson I've learned over that time makes me scratch my head and wonder how in the heck I thought these guys could pull it off. My dad used to have a saying, "if you find yourself in a hole with a shovel, put down the shovel." Iraq's best and brightest still haven't learned that simple lesson, quit digging a hole you'll never get out of.
7-10-2016 Newshound/Intel Guru Bluedog ...WE WAIT...HOW LONG NO ONE KNOWS THEIR GAME... VIETNAM IS LINING UP AND IRAQ AT THIS MOMENT IN TIME LETS HOPE SOOOOOOOOOON.
7-10-2016 Newshound Guru Kaperoni Article: "Rafidain Bank is preparing to expand his work and the opening of new branches" ...more banks to run to when the event begins.
7-10-2016 Newshound Guru Bondlady Article quote: "The IMF approved, to grant Iraq credit line worth $ 5.34 billion to help it overcome the financial crisis faced after the deterioration of oil prices and the war against terrorism." it*** must*** implement ***a series of economic reforms ***to get the rest of the installments*** of this assistance plan for three years.
7-10-2016 Newshound/Intel Guru BGG the June/July thing has been wildly over blown AND I think everyone is missing the significance - THEY ARE RE-INTEGRATING with the world now...and are still THE MOST UNDERVALUED CURRENCY there is..."Grossly undervalued" is the terminology used by economists...GOOD FOR US. Abadi is still pushing forward on all kinds of reforms... There is lots of news out confirming and talking about the first installment by the IMF getting sent to Iraq... (...it is being sent "incrementally" - based on their implementation of "reforms") - ask yourself at what point is "currency reform" on their check list...that is the question you SHOULD BE ASKING. [Any thoughts on the progress of the cabinet reshuffle and the possibility of reaching a quorum to get the important laws passed?] I think that is all soon. Abadi will get that done. [post 2 of 2]
7-10-2016 Newshound/Intel Guru BGG [...why the delay in revalue of dinar and what he think is coming down the road?] First off - "delay in the revalue of dinar" implies that anyone (here on the web) "knows" when it was supposed to happen - this assumption is flawed. This is not the case - highly unlikely anyone has real "fore-knowledge" of such an event... what do we KNOW? ...according to the SIGR report - this was plainly supposed to have been done in 2013 - AT AROUND A BUCK...this is information delivered to the US Congress. I doubt it is inaccurate. why was it delayed? The CoM plainly stated their reasoning. Looking at their comments then and now - it looks like they are rapidly addressing these issues. [post 1 of 2....stay tuned]
7-10-2016 Intel Guru Delta Article: "IMF calls on the Government of Abadi to achieve reforms in exchange for loans" IMF ASKED IRAQI GOVERNMENT TO IMPLEMENT ECONOMIC REFORM IN EXCHANGE FOR THE REST OF THE LOAN.
7-10-2016 Newshound Guru Millionday Article: "The International Monetary Fund’s (IMF) executive board has approved a $5.34 billion program for Iraq to help strengthen the country's finances. The IMF said in a statement on July 7 that the three-year loan will see $634 million immediately allocated to Baghdad." NOTE -- IMMEDIATELY... THIS IS A GREAT THING TO SEE THIS MOVE FORWARD -- THEY HAD STIPULATIONS IN INK...NOTE --THE IMF IS NOT THE IRAQI GOV == THEY DO NOT MEET FOR A REASON JUST TO TALK, THESE ARE FORMAL MEETINGS WITH IRAQ... THEY HAVE COMPLETED THE FIRST AND SECOND REVIEWS...THIS IS GREAT GREAT NEWS...SO VERY EXCITING... IMO.
7-9-2016 Newshound/Intel Guru BGG [So, this could take another year or so...?] I doubt it - anything is possible...they have some serious hurdles - but I am excited about where they are going - and at what speed they are getting there...are these hurdles before or after the point of currency "realignment" you and I are hoping for - I do not know... NOR DOES ANYONE ELSE.
7-9-2016 Newshound/Intel Guru BGG this bit about the 250 notes and 500 notes...This is NOT SOME QUE to an RV...OR KEY...It is simply the GOI/Baghdad - "romancing" the Kurds - which is good...our 250 and 500 notes will be fine (as are the new and old 25k notes) - ALL GOOD. ...The CBI and Parliament have been promising the Kurds new money (which includes them) for YEARS... ...THE CENTRAL GOV'T reaching out and including the KURDS...kinda funny it's just showed up now... I suspect it has been printed and waiting all along.
7-9-2016 Newshound Guru rcookie PARLIAMENT RECONFIRMS ITS MEETING FOR TUESDAY THE 12TH AT 11:00 AM WITH NO ANNOUNCED AGENDA OTHER THAN THEY WANT SHAMMARI URGENTLY FOR QUESTIONING...ABADI ANNOUNCES COMPLETE CLOSING OF EVERYTHING TOMORROW (SUNDAY) FOR EID AL-FITR...
7-9-2016 Intel Guru Frank26 [Do you believe there will be a time limit that we will be able to keep our Dinar after the RV?] IMO ... No... Because more important investors than YOU ... Would not be pleased.
7-9-2016 Newshound/Intel Guru BGG we are on the "upswing" as far as investments go...this LOI to the IMF and IMF oversight is BIG NEWS... and explains a lot regarding the clean-up and direction in Iraq right now...had the previous Shia bunch had their way - this may have NEVER HAPPENED... as of now - things are moving along AT SPEED!! Personally - (and this is my take)...the first half of the year - is some kind of "manufactured" DEAD-LINE...in reality - they are "in the process" of re-engaging with the world markets and economies now...on schedule - under the advisement and oversight of the IMF...and this - is BIG NEWS. Did they say R.V. by such and such date?? NO - but they did say they would start this process and they have...it is very - very - VERY good for us, as investors. I am excited - and I sat in on one of the first board meetings about Dinar there ever was.
7-8-2016 Newshound Guru rcookie ABADI CLEANING HOUSE WITH SECURITY AND INTELLIGENCE DEPARTMENTS...ACCEPTED GHABBANS RESIGNATION THE OTHER DAY...AND FIRED SHAMMARI TODAY AS WELL AS OTHER INTELLIGENCE & SECURITY OFFICIALS...
7-8-2016 Newshound Guru Kaperoni ...despite...issues with the IMF, the CBI can begin currency reform anytime. Let's hope they do.
7-8-2016 Newshound Guru rcookie THE 12TH IS A DATE BEING REPORTED AS THE RETURN OF REGULAR PARLIAMENT SESSIONS IN THIS LEGISLATIVE TERM...FINANCIAL & ECONOMIC LAWS...ARE CUED UP AND AWAITING VOTE...THESE HAVE ALL BEEN GIVEN PRIORITY STATUS FOR ADDRESSMENT UPON PARLIAMENTS RETURN...AS WELL AS SOME OF THE NATIONAL RECONCILIATION AND UNITY LAWS... AMNESTY/ACCOUNTABILITY & JUSTICE/ FED COURT...
7-8-2016 Newshound Guru Kaperoni Article: "IMF Executive Board Approves US$5.34 billion Stand-By Arrangement for Iraq" Quote "Additionally, measures will need to be implemented to prevent money-laundering, counter the financing of terrorism, and strengthen the anti-corruption legislation to help improve the integration of Iraq’s financial system into the global economy." Well, they have work to do... It is also very clear that the CBI still has exchange restrictions (which is causing the difference between the Offical rate and Market rate to be greater than 2%) hence the reason they are maintaining the peg and still in Article XIV.
7-8-2016 Newshound Guru rcookie THEY HAVE BEEN UNDER THE EXISTING SMP SINCE JAN 2015 AND IT RUNS THROUGH DEC 2016...AND THE PERFORMANCE OF IRAQ INSTILLED CONFIDENCE WITH IMF TO EXTEND SBA ACCESS EARLY...IT DEMONSTRATES IRAQS EXEMPLARY PERFORMANCE WITH IMF AND WB FINANCIAL & ECONOMIC TECHNICAL ASSISTANCE INITIATIVES...AND FISCAL DISCIPLINE... ...FOCUSING ON DATES AND FALSE INSINUATIONS...ARENT NECESSARY WHEN THE FACTS ARE SO JUICY!!!
7-8-2016 Newshound Guru rcookie TO ALLOW FOR PERSPECTIVE AND PROGRESS YOU HAVE TO LOOK AT THE LOI'S THROUGH THE YEARS AND LOOK AT THE INITIATIVES...THE REVIEW WINDOWS AND CYCLES TO SEE THE SCOPE OF THE PROGRAMS AND TECHNICAL ASSISTANCE FROM IMF AND WB...AND HOW THEY HAVE SHAPED EVERY SINGLE COMPONENT OF THEIR 5 YEAR STRATEGIC PLAN THAT IS PUBLISHED ON THE CBI WEBSITE...AND DOMINATES EVERY POLICY AND ACTION THEY UNDERTAKE...THESE INITIATIVES AND ACTIONS ARENT THINGS THAT JUST CAME TO THEM...THEY HAVE BEEN RESTRUCTURING THE SOB'S WITH WORLD BANK ASSISTANCE SINCE 2006...THATS 10 YEARS...SO WHEN WE READ A COUPLE OF MONTHS AGO THEY WERE 97% COMPLETE...THAT IS 10 YEARS IN THE MAKING...
7-8-2016 Intel Guru Bruce RATES ARE STRONG. EVEN SCREEN RATES, MARKET RATES ARE GOOD. EXTREMELY CLOSE!
7-8-2016 Newshound Guru Kaperoni Article: "Iraq new 500-dinar note with Kurdish reported" People are making a mountain out of a mole hill here. This is not the sign of anything to come, it is not an indication of a change in value or issuance of all new notes, etc. It is what it is, simply a reprint of an exiting note (adding a few changes). This happens daily with any currency. And it just so happens in this case, it happened after the law for Kurdish language passed and Allaq is the governor. So, as required, the put the language on and added Allaq's signature. This also happened when Turki was running the CBI and the revised notes got the brail added...Turki put his signature on the notes. This really is an non event. Iraq is making progress and the IMF is guiding this now. We should be encouraged.
7-7-2016 Newshound Guru Millionday [via Guru SteveI] Iraq New 500-Dinar Note With Kurdish Confirmed. This is a clear move to re denominate the country, IMO it is clearly to support the move to world trade and all economic reforms and their activation/launch..."Whoooopow"! ...this is exciting...
7-7-2016 Newshound Guru Mountainman Article quotes: "The International Monetary Fund’s (IMF) executive board has approved a $5.34 billion program for Iraq to help strengthen the country's finances. The IMF said in a statement on July 7 that the three-year loan will see $634 million immediately allocated to Baghdad." Which MEANS This is The Announcement of Their Value being Lifted... Otherwise The IMF would NOT give the LOAN...ARTICLE 8 on the (8)th...This is as LOUD as the IMF will Be On A NEW IRAQ REALITY...IMO.
7-7-2016 Newshound Guru tlm724 Article quote: "the Iraqi air force planes dropped millions of leaflets over the city of Mosul..." *mission* getting the word out of their victory and their on coming battle at Mosul.
7-7-2016 Intel Guru Bluwolf No change, we are still waiting for the GREEN LIGHT. Banking personnel are still on to the moment standby. The rates are accurate and very good. 100% political is the slowlingness of things.
7-7-2016 Newshound Guru firefly [...the 500s came out, I was wondering if any others like 100s had come out?] Only the 500s so far. IMO the remaining notes will appear very shortly
7-7-2016 Intel/Newshound Guru Backdoc JULY 1ST WE SAW OIL PRICES RIGHT IN THE WINDOW OF EXPECTATION OF $45.00 TO $50.00 FOR IRAQS BUDGET! GREAT! THIS MIGHT HAVE BEEN THE BEST TIME TO START THE PROCESS OF RELEASE AS WE HAVE SEEN ARTICLES IN IRAQ STATING THAT VERY THING! THEY APPEAR TO HAVE STARTED IMPLEMENTATION! IF OUR STUDY PLAYS OUT THE DOLLAR WILL START ON THE MOVE UPWARD AGAIN ALLOWING A GREAT OPPORTUNITY FOR FURTHER DE-DOLLARIZATION FOR IRAQ, VIETNAM, AND OTHER EMERGING COUNTRIES TO DUMP THEIR OVERVALUED DOLLARS AS THE IMF HAS RECENTLY STATED!
7-7-2016 Newshound Guru rcookie [Are we still looking at the 12th for parliment to meet?] YES...BY ALL REPORTS...AND THEY HAVE A BASKET OF LAWS CUED UP AND AWAITING THEIR RETURN.
7-7-2016 Newshound Guru wmawhite Iraq is in the economy markets...The IMF told you and me and the entire world that the G7 nations are now approaching Iraq to enter into financial agreements...the effect of being the global market will, IMO, cause the CBI to show the true value of the IQD.
7-7-2016 Intel/Newshound Guru Backdoc ALL OF US NON-COUNTRY INVESTORS ARE EXPECTING THE ARRIVAL OF THESE DIGITAL FORMATS AS A PRELUDE TO A RATE CHANGE FOR MANY OF THESE EMERGING COUNTRIES! WE HAVE SEEN SOME MUTED ACTIVITY ALREADY WITH BANKS IN VIETNAM CONCERNING DIGITAL TRANSACTIONS, BUT I BELIEVE IT IS NECESSARY FOR GLOBAL ACKNOWLEDGMENT OF THESE CURRENCIES PRIOR TO LAUNCHING THE NEW COUNTRY VALUES! HE WHO HOLDS CERTAIN COUNTRIES’ PAPER AFTER THE TRANSITION SHOULD BE SMILING EAR TO EAR SINCE IN IRAQS CASE THEY HAVE TOLD US THEIR CURRENCY WOULD HAVE FACE VALUE IN PERPETUITY! [post 2 of 2]
7-7-2016 Intel/Newshound Guru Backdoc MONTHS AGO I TOLD YOU ABOUT CURRENCY SWAPS AND THAT COUNTRIES LIKE INDIA AND OTHERS WERE SWAPPING CURRENCIES WITH IRAQ TO SETTLE PAST DEBTS...THE SMART INVESTORS, “COUNTRIES," ARE SWAPPING AND BUYING EACH OTHERS CURRENCIES BECAUSE THEY KNOW SOMETHING MOST FOLKS DON’T. THE REAL GAME IS THIS TRANSITION TO DIGITAL CURRENCIES WHICH WE BELIEVE HAS BEEN UNDERWAY FOR SOME TIME NOW! ...I HAVE SEEN MANY ARTICLES ON THE DIGITAL CURRENCIES FROM MULTIPLE COUNTRIES LIKE RUSSIA, IRAN, IRAQ, VIETNAM, ECT.! [post 1 of 2....stay tuned]
7-7-2016 Newshound Guru wmawhite Article: "Iraq new 500-dinar note with Kurdish confirmed" After reading this article/announcement...I asked why would the CBI spend $millions on a note that has a current equivalent value of $0.43. Currently, this note has no place within the market place, similar to the former 50 IQD note. Yet, they spend millions to make the Kurds happy based upon promises made years ago. IMO, this is evidence that a shift in the value of the Iraqi Dinar is near because this note will be of no value in the marketplace unless the price of product is reduced dramatically. This will happen when the value of the IQD increases dramatically OUTSIDE of Iraq.
7-7-2016 Newshound Guru firefly IMO we are no longer waiting on Iraq OR the IMF...Remember, the IMF CANNOT trigger it. There is only one agency that can trigger these events...Internationally... [the bis gives their ok to the IMF , the IMF can tell the CBI to go ahead.] Correct, it's a 3 ring circus that has to follow the correct pattern (procedures). The CBI will show it after the fact.
7-6-2016 Intel Guru Frank26 IMO – this newly printed note is for the next 2-3 months to allow the RV to blossom. Paris Club...Kuwait...“postpone their payments”...for a reason. Article 8 will allow them to pay their own bills...How can you have all of these INTERNATIONAL payments at a program rate? All they need to do is raise their value...a rate that the INTERNATIONAL world will love.
7-6-2016 Newshound Guru wmawhite [...lots of good info and yet we are now into july still waiting for something that should have happened months ago if it weren't for the GOI & CBI dragging their feet!] unless, you happen to know when the CBI is going to do this, then how can you state that they are dragging their feet. This, Iraq entering the economy markets, did happen as the IMF stated it would.
7-6-2016 Newshound Guru Adam Montana Ramadan officially ended yesterday...Today is Eid al-Fitr, the celebration of the end of Ramadan. I do not expect to see anything breaking today, but as of tomorrow (Thursday) the wheels will begin turning again. We have a lot to look forward to!
7-6-2016 Newshound Guru mike Article: "Parliament: the signing of Iraq to loans require him to impose extra taxes on the citizens needed to be reviewed" [More pressure is what we need.] ... here's hoping Iraq feels the pressure and makes the necessary changes.
7-6-2016 Newshound Guru rcookie Article: "Launch Central Bank loans to finance agricultural projects" Quote: "The Ministry of agriculture, said Wednesday, launching agricultural loans from the Central Bank by ACB bin by 33% and equivalent (1, 650) trillion dinars." WE CALLED THIS...MONTHS AGO. WE SAID THAT ONCE FALLUJAH LIBERATION WAS COMPLETED...YOU WOULD BE ABLE TO USE STOPWATCH TO TIME HOW LONG IT WOULD TAKE TO ACTIVATE THE LARGE AGRICULTURAL AND INDUSTRIAL DEVELOPMENT LOAN PROJECTS...THATS OVER A BILLION DOLLARS IN LOANS...IT IS HUGE FOR IRAQ!
7-6-2016 Newshound Guru firefly ...appears the the new 500 dinar note count now has Kurdish language on it. The Kurds always insisted on it...looks like they got it. Quote: "For more than five years, the Central Bank of Iraq has planned to remove three zeroes from the banknotes and add Kurdish text. To date the efforts to redenominate the dinar have failed to come to fruition, but as this note demonstrates, the addition of Kurdish text is underway..." "...but as this note demonstrates, the addition of Kurdish text is underway..." If this doesn't excite you or make you jump for joy you are literally pushing up daisies!
7-6-2016 Newshound Guru tlm724 Article: "Sadoun: Parliament compensate the failure of the laws of more than two months" this is coming from Kurdistan Alliance MP Mohsen al-Sadoun. Quotes: ''...there are several laws of parliamentary committees and the board of the presidency will be a priority in the voting when the new legislative term begins..." "...the new legislative term will focus on the stalled legislation for a long time there were not the will exists among the parliamentary blocs of legislation from a legal most important {oil and gas and federal court} and waiting for decisiveness." *hallelujah* oil and gas just get it done!
7-6-2016 Newshound Guru firefly IMO ...this investment is now ripe for the picking...And NO... I'm NOT calling anything or putting out any silly dates...But it sure looks sweet.
7-6-2016 Intel Guru SteveI ...from a contact in Iraq at a base...it appears Mosul is doing very good and virtually done. Some ISIS still hanging around but no real treats he said.
7-6-2016 Intel Guru Frank26 ...they are closed for 3 days. They will be back on the 10th...Abadi said that as soon as “this time passes, we will do all of the reforms.” Raffidian & Rasheed banks said months ago that they were 98% ready to do loans for the citizens. They said they were going to bring the currency out at 1 to 1...and then float it. I said they could float it until it reached $4.25 and then they would cap it. At 1 to 1...a 500 IQD note would be more than suffice... this 500 note is a precursor to releasing the other LD’s. Everything must occur ALL AT ONCE! That’s why...many dominoes are being set up all at once. The rest of the LD’s will also have the Kurdistan language on them...ALL OF THEM! All of them are positioned in [secured] banks right now. This 500 IQD note released...IMO...equals a CHANGE THAT IS COMING to the IQD rate. I believe the rate will go full-speed by the end of the year. The banks in Iraq...(especially the big 3)...will hold onto the 50k’s for a while to make large transfers – which spells...NO LOP!
[post 2 of 2]
7-6-2016 Intel Guru Frank26 The international companies are waiting...salivating for a chance to get into Iraq...but continue to wait for them to change the value of their currency. Abadi said he solve things after EID. EID is the 6th, 7th and 8th of July. Right after EID...all of the reforms will travel at a much faster pace. [Guru] Delta called this week and says “...The CBI is going to release the 500 IQD note with the Kurdistan language on it.” As you know, the citizens already have a 500 IQD note (without the Kurdistan language on it). ...IMO...when the value of the IQD goes up...the new 500 IQD note ...will be THE LARGEST DENOMINATION! There will be no more 3 zeros! The 3 zero notes will fade away...because mathematically (with the new rate)...those don’t work. When they raise the value in Iraq...the 3 zero notes won’t be usable to the citizens any longer. The plan is to lift the 3 zeros from the citizens. 500 IQD note (and notes lower than that) is all that will be used in the future. The others will be deleted over the next few years. [post 1 of 2....stay tuned]
7-5-2016 Newshound Guru wmawhite [If I understood Mr. White last week, he said the CBI along with the IMF would RV or RI the Iraq currency. Did I read that wrong?] The answer to your question lies in the answer to this question; who owns the Iraq Dinar? The Central Bank of Iraq or the International Monetary Fund? The answer is on every IQD note. ...there is only one entity that is responsible for maintaining the value of a currency...the central bank that owns the currency...no one else.
7-5-2016 Newshound Guru firefly All countries were supposed to be Basel 3 compliant on...July 1st...Meaning banks need to be asset backed. Last week there was a number of Bank stress tests globally. Plenty of assets in Iraq...This isn't intel but TV news.
7-5-2016 Newshound/Intel Guru BGG Article: "Central sets Monday and Tuesday to announce the price of gold bullion" Quote: "...that according to the published rates are based on the (price of gold on the world market for the previous day - Monday), $ 15 plus other fixed costs (wire and insurance)." That gold pricing soon is big news...
7-5-2016 Newshound Guru Enorrste To just state that the money supply is increasing does not mean that the value of the dinar is falling. We know that the increase is not a concern because inflation in Iraq has been kept in check for years. The real reason the money supply is increasing is due to the liquidity problem. That is not related to the value of the dinar. As the CBI has stated many times, in their view (given their reserves) the dinar is grossly undervalued. [post 2 of 2]
7-5-2016 Newshound Guru Enorrste ...since 2011 the money supply in Iraq has risen about 10%. That is only 2% per year, which in world terms is quite conservative. With respect to the 50k notes, again, it is simply not the case that the CBI or anyone else just "gives out" the new bills. They are traded for other bills or are issued as replacements for worn out money. None of this affects the money supply itself. ...a 2% annual increase in the money supply barely keeps up with economic growth. If the economic growth in Iraq averages, say, 4% per annum then the overall affect of a 2% growth in money supply places upward pressure on the value of the dinar, not downward. This is the key point here. It is all relative. [post 1 of 2....stay tuned]
7-5-2016 Newshound/Intel Guru Bluedog IMO...THE ECONOMIC MEETINGS IN IRAQ WITH THE CBI HAVE BEEN INTENSE IN THE LAST FEW DAYS...AND WILL THEY TELL YOU THE TRUTH? IMO, NO ...THEY WILL TAP DANCE TO THE WORLD... BE OF GOOD CHEER IMO FROM WHAT I HAVE SEEN.
7-5-2016 Newshound Guru Millionday IRAQ HAS NOT SOLD THE GAS THEY PRODUCE AT ALL -- THEY HAVE A HUGE RESERVE AND HAVE NOT EXPORTED AND USED THE WEALTH FROM GAS -- SHOCKING...AND WE MEAN FOR DECADES. SO NOW THEY ARE STATING THAT PART OF THE MARKET GOAL IS TO EXPORT GAS -- THEY ARE TO START NOW WITH MASS PRODUCTION FOR THE DIVERSITY OF THE MARKET... THIS IS ACTUALLY HUGE IN ALL AND FOR ALL COMMERCE IN IRAQ --- HUGE FOR THE COUNTRY AND HUGE FOR THE MARKET AND HUGE FOR THE GLOBE. IMAGINE THE DEALS GOING ON FOR THIS TO TAKE PLACE... [... how does a Country export with out a rate?] THIS WILL REQUIRE AN EXCHANGE RATE IMO -- NO WAY AROUND IT THAT I CAN SEE...IMO...HUGE NEWS.
7-5-2016 Newshound Guru Mountainman Ok IRAN we hear You Loud and Clear...LOL... "EXCHANGE RATES" in the Forex are a MAJOR Priority at "THIS TIME"...Really...??? What You Guys are REALLY Trying to say is...We Have A NEW VALUE and We Like Our Shia Bro IRAQ are Expecting a "NEED for SPEED" as a (Finality to Our New Reality) Hits the NEW GLOBAL PLATFORM w/The NEW IEX on SEPT 2, 2016. So too...We are filled with "ANTICIPATION" as Well.
7-5-2016 Newshound/Intel Guru BGG we are still here and in a very good position for WHEN Iraq re-aligns their currency with the international markets...
7-5-2016 Newshound Guru Millionday Article quote: "...in order to improve the Iraqi economy for the better , and the development of trade relations and the promotion of the private sector which is one of the most important pillars development at the present time, urging the government to speed up the application of the reform..." SO THEY ARE CALLING FOR THE ECONOMIC REFORM TO BE ACTIVATED IN A HURRY...WHOOPOW.
7-4-2016 Newshound Guru Kaperoni [The whole note count thing is really confusing.] It is really very simple. Once the dinar begins to rise, the banks will hold back the larger denominations. Specifically the 10k and 25k and what little 50k were released will be destroyed. And when the timing is correct, a newer smaller note will come out such as 50 dinar, 20 dinar. etc. Since the majority of the countries money supply is larger denominations, the money supply will significantly be reduced fairly quickly. The whole process will be rather seamless, that is of course if the CBI gets its wish for stability.
7-4-2016 Newshound/Intel Guru Bluedog IMO...SO NOW WE SEE IN AN ARTICLE WHERE THE RAISING OF THE FLAG IN SOUTHERN MOSUL ...AS A RESEARCHER I KNOW THE KURDS HAVE CLEANED THE NORTHERN PART OF MOSUL MONTHS AGO ...GET WHAT I'M SAYING...ARE WE WAITING FOR A GOVERNMENT TO ANNOUNCE THE COMPLETION ...SURE WE ARE...FLAGS SHOULD SHOW SOON IN NORTHERN MOSUL...
7-4-2016 Newshound Guru Millionday Article quote: "...ways of enhancing the national economy through research in fast-action real action toward the multiplicity of economic resources and the dimensions of the national economy for the rentier status that accompanies it for decades..." THEY ARE LOOKING FOR A WAY TO HAVE DISPENSABLE INCOME ON THE STREETS IN THE NATION... BAGHDAD HAS CALLED FOR THE NEW TAXATION TO BE ACTIVATED -- SO THEY ARE STATING THAT ALL THE NATION NEEDS TO FOLLOW THESE ORDERS TO SUPPORT THE COUNTRY. THEY ARE CALLING FOR THE PRIVATE SECTOR TO BE ABLE TO GROW AND BE INDEPENDENT BUT ALSO A PARTNER IN THE ECONOMIC REFORM OF THE COUNTRY -- ASKING TO GO THROUGH THE BANKS AND THEY LOAN AND BE A PARTNER. OBVIOUSLY SAYING IT IS TIME TO ACTIVATE THE MARKET.
7-4-2016 Newshound Guru Kaperoni Article: "Iraq new 500-dinar note with Kurdish reported" The CBI has to continually replace old notes as they wear out, whether they want to or not. If the note is in circulation, they have to take care of it. If they didn't, citizens would lose even more confidence in the dinar and turn to the dollar. Its all part of monetary policy and do what they can to keep the citizens wanting and using the dinar which keeps demand on the dinar. Upgrading features, specification, etc. is all part of that process. We should not read anything more into this than that.
7-3-2016 Newshound/Intel Guru BGG [So, are you saying that it is not postponed?] "delayed" implies someone - somewhere knew of or implies knowing a particular date of execution. There is NO SUCH THING...we are still here and in good position for a profit when Iraq's currency is re-aligned (with the world). However, I can honestly say - I am not the only researcher WILDLY excited about where we are in this thing right now.
7-3-2016 Newshound Guru Mountainman Because LOANS are Flowing to Them as they Meet Standards of Compliance = Not just the IMF but as We saw A few Days Ago, the USA even is Looking At Extending Payments on "FIGHTER JETS", Even KUWAIT joined in on the "FUTURE Payment BANDWAGON" etc... IRAQI'S STAND STRONG and UNITED, Your (Needs) P.M. ABADI says will be Met In the COMING DAYS = Your ECONOMIC REFORMS After EID = July 8...Will A NEW RATE be SEEN by Us {ALL}...? Yes, I Believe The CITIZENS will Get (WHAT) was Promised to them From ABADI and the International World = Their PURCHASING POWER... [post 2 of 2]
7-3-2016 Newshound Guru Mountainman Article: "Minister of Trade and agency relations with China and the solid volume of trade exchange between the two countries in the rapid development" CHINA and IRAQ both (UNDERSTAND) their Respective Realities and the TIMING as Well...therefore, as The FALL Approaches and NEW LEAVES "Turn" their TRUE COLORS...A New DIGITAL PLATFORM Awaits [ALL] Countries on Sept 2, 2016... So the THEME of (NOW) Implies Other Realities for IRAQ and This "COORDINATION of REHABILITATION"...[WHY]...? [post 1 of 2....stay tuned]
7-3-2016 Newshound Guru Enorrste To sum up: the IMF is pushing the plan forward. The increase in taxes is bringing money out of the mattresses. The loans will force Iraqi businessmen to use banks. The increased economic activity will interest foreigners. All of this will have an upward pressure on the value of the dinar over time. Of course the time frame is our concern. It doesn't appear that the IMF will bring Iraq into the "real world" by the middle of this year. Hopefully by the end of this year we will see movement in that direction. [post 4 of 4]
7-3-2016 Newshound Guru Enorrste Finally, with respect to the introduction of the 50k note, I would disagree ...that it increases the money supply. It is not as if the CBI is just handing out these new notes to people, which would in fact increase the money supply. Instead, the notes are purchased by people who are holding smaller denominated notes. The net affect on the money supply is zero. The smaller notes go to the CBI, who issued the larger notes, and will sit there until they are destroyed, if they haven't already been destroyed. In any case, they are no longer floating around in the money supply as we know it. [post 3 of 4....stay tuned]
7-3-2016 Newshound Guru Enorrste Third, we read that $7 billion worth of dinars will be loaned out. What is the effect of this? The first thing is that to get the money you have to use a bank. The second is that the money will be loaned out to specific individuals for specific purposes, thus directing money into the economy where the government (read IMF here) wants it to go. And, third, the money will be loaned out over time. This is important because it need not increase the money supply at all. Instead it will increase economic activity which will lead to an improvement in the value of the dinar (the stated goal of the IMF). It will also make Iraq more attractive for foreign investors as they start to see things moving in Iraq economically. In short, this is a "stimulus" package of sorts created by the IMF to kickstart some serious economic growth in Iraq. [post 2 of 4....stay tuned]
7-3-2016 Newshound Guru Enorrste Article: "Parliament: the signing of Iraq to loans require him to impose extra taxes on the citizens needed to be reviewed" First, I believe that it is obvious that this is all being directed from the IMF. As trustee of the CBI they are fully in control now, in my view. I see this, then as a positive move. How, then, can raising taxes on the people of Iraq be seen as a positive move? The answer is in the articles themselves. First, only the wealthy are being taxed. Anyone on government assistance is excluded. Second, we read in the articles...that the goal is to get the money out of the mattresses. Obviously asking the wealthy to do this isn't working. How else can they do this? Simple: tax it away from them. In doing so the government increases its revenue while at the same time possibly reducing the money supply (to the extent that they don't spend it). [post 1 of 4....stay tuned]
7-2-2016 Newshound Guru Stryker Iraq new 500-dinar note with Kurdish reported. The 500 dinar banknote will be the largest denomination once this all goes down, so there's no need to add the Kurdish language to the three zero notes because they will be deleted from circulation over the next few years once they roll out the new lower denominations.
7-2-2016 Newshound Guru rcookie THE THINGS THE IMF IS REQUIRING TO GET DONE...LEGISLATIVELY...ARE REVISION OF 2016 BUDGET LAW...REVISION OF CBI LAW...VOTING OF PUBLIC FINANCIAL MANAGEMENT LAW....BUT WE NEED PARLIAMENT BACK TO WORK...YESTERDAY!!
7-2-2016 Newshound Guru Mountainman IRAQ and the USD are Moving On UP TOGETHER...for IRAQ is Pegged to It...The TIME is Not Yet to be Seen...Just because IRAQ hasn't Changed YET...Doesn't Mean their (Turn) isn't About to TURN OVER RED ROVER...{ALL} this is A GLOBAL HEAT WAVE of TIMING...from the EAST to the WEST...A GLOBAL MELT DOWN w/ A Designed PRECISE {COUNTDOWN}...IMO
7-2-2016 Intel Guru Frank26 Article: "Parliamentary Economy: edit Mosul will stimulate investment and the private sector in the country" "GIVE ME MOSUL...AND WATCH THE REFORMS PICK UP AT A VERY VERY VERY QUICK... PACE..." We told You this a month ago but take heed ...THEY NOW TELL YOU OUR... KEYWORDS.
7-2-2016 Intel/Newshound Guru Poppy3 [saw this...Iraq is seeking to postpone the payment of debts owed to the Paris Club of creditor nations confronted with a liquidity crisis caused by the weakness of oil prices in addition to the cost of the war against al Daash.] ...I HEARD THE DELAY TILL THE 12TH HAS BEEN MOVED BACK TO THE 3RD. THIS IS NOT CONFIRMED AS YET THAT I KNOW BUT IS THEIR USUAL MODE OF OPERATION TIME WILL TELL.
7-1-2016 Newshound Guru Aggiedad77 Article: "Parliamentary Economy: edit Mosul will stimulate investment and the private sector in the country" ...once the primary flag is planted in Mosul...the reforms start moving...hot and heavy...at an unheard of pace...by this stimulation....they create jobs...jobs for the Iraqis...that is what will truly stimulate things within Iraq...that is a great thing for everyone...them and us.
7-1-2016 Newshound/Intel Guru BGG It looks abundantly clear to me - once the IMF support package and IMF oversight was in place, the political climate in Iraq changed almost overnite. Not perfect, but everyone was moving like something is on the line...which...it is. Iraq is moving politically, against corruption, against ISIS (this has to be at the behest of the IMF/WB - who will insist the Sunnis be relieved of this oppression) and in favor of a market economy. BIG TIME!
7-1-2016 Newshound Guru mike The road to the dinar appreciating is a process. There are no buttons to push or instant actions that will make it happen. The first thing we need is the cooperation and the functionionality of Parliament, nothing will happen with the dinar until Parliament can re-convene and learn to negotiate and cooperate. The above article is great, it shows that the banks are ready to begin the process, but the banks don't make the decisions, the government does. All these feel good articles are nice, but until I see the government working together, that's all they are, good intentions. [post 2 of 2]
7-1-2016 Newshound Guru mike Article: "Document .. Khawla al-Asadi director of Rafidain Bank Agency" The writings been on the wall for years...some of the articles from 2012 when Shabibi was still around you can almost feel the change in the dinar coming, but the government got in the way. Nothing's changed since 2012, the government is still in the way. The IMF can't drive or force Iraq to do anything, Iraq is a sovereign country and they'll do exactly what they want to, western banking or not. Would it benefit them to appease the IMF and WB? Sure! I mean, if they say the right things and try to do some of what's requested, they'll get access to $15 billion dollars, that's a heckuva incentive. But let's face it, the IMF has been telling them to do things for years and nothing's been done yet, so I wouldn't hold my breath on that front. Clearly these folks have a problem honoring the deals they make, all you have to do is look at the Paris Club and the repayment arrangements with Kuwait, both of which they're not honoring. [post 1 of 2....stay tuned]
7-1-2016 Intel Guru SteveI With the IMF agreement in place and Iraq desperately needing the money, I am just not sure how this will all play out. Iraq...seems to have maneuvered around many agreements in the past. Maybe this is different because the world is watching. Yet to be seen. I have to admit and agree, things are looking better and better every day. I am very excited about July, but still very cautious... Exciting times ahead!
7-1-2016 Newshound Guru firefly [Has anyone got the impression that the Brexit may be pushing things faster?] Absolutely! IMO of course. [But will this country actually go through with this... There is talk of delay...?] IMO, they have no choice...THE ENTIRE GLOBE IS A MESS RIGHT NOW. THE FURTHER THIS DRAGS OUT THE WORST IT WILL BECOME.
7-1-2016 Intel Guru SteveI I do not believe that this currency will turn into a zero value because of the various countries and governments holding it. I have no proof of what countries or how much except what has been published in past articles over the past 10 years. Here is another question you may want to ask yourself. If the Iraqi currency is worthless and always will be worthless, why are thousands of people and groups risking prison in Iraq to counterfeit it? My guess is that they know some where down the line this will be worth a lot more that what is is today. If the CBI has no intentions of increasing is value, why are they talking about reducing the large notes and introducing to the citizens lower notes? ...it is to start preparing them for a monetary reform which includes the introduction of the lower denominations. This is all positive folks! [post 2 of 2]
7-1-2016 Intel Guru SteveI [On a scale of 1 to 10 with 10 being the highest that this will RV...I mean ever happening? time frame? how about this year? What do you think?] On a scale of 1 to 10, I am going to go out on a limb here and say 9 for the current value increasing. The reason for a 9 is the backing of other international recognized institutions like the IMF, World Bank and others that would like to see Iraq emerge as a successful player in the global economy. Also, Iraq is promoting their country as a place to invest in. They want foreign companies and other countries to participate in their resources. Last I recall, the CBI is reducing the USD within their county and encouraging everyone to use the Iraqi currency. This will never happen at the current rate regardless how much oil they have. Remember, they have many other resources that are not controlled by international groups. Now for the second part of the question, when, very confident this year so I will give it an 8. The reason for this number is that many unplanned events can consume Iraq and perhaps move plans further out into the future. [post 1 of 2....stay tuned]
7-1-2016 Intel Guru Bruce "the well is flowing freely" no more stops, no more holds. it is a joyous time...SWIFT will no longer be in use as of Friday (tomorrow, July 1). ...my sources as saying that this will be the best July 4th that we have ever had in our lives. Not calling in on 4th, just saying in that time frame because of the new system starting tomorrow [Friday]. Rates will be excellent.
7-1-2016 Newshound/Intel Guru BGG Article quote: "The instability of the dollar exchange rate in Iraq is due to influenced by internal and external factors," noting that "monetary policy and the auction of the currency too much impact on the dollar exchange rate." This piece is mainly highlighting the last few stages of "push - pull" before MAJOR ECONOMIC REFORM kicks off. [What happened to them doing away with the auctions?] As of today - they were saying that would be a better option, but until then - this will have to do... (as in removing the auctions altogether). I am not entirely surprised - nor that upset about this recent Fed Court Ruling, this will ultimately end in reforms for Iraq... what the exact route looks like... who knows.
7-1-2016 Newshound Guru mike Article: "Iraq develop a plan to postpone the premiums Paris Club" It's just another debt they can't pay after agreeing to it in the past. Iraq will definitely benefit from not having to pay it's bills. These guys are never going to get above a B- credit rating if they don't take care of their debts. And it's not just the Paris Club, they're also pushing the payments to Kuwait back.
7-1-2016 Intel Guru SteveI [...you have mentioned you are hopeful for July a few times. Is that based on news or information from your sources?] Here is my reasoning for mentioning July a few times. There seems to be a very good sound agreement between the IMF and Iraq. Now the so called "Letter of Intent" had some very specific details regarding the Foreign Exchange Policy. When I read that section, among other it was very exciting to say the least. However, I have not seen any final document that was signed with the same conditions. It could be very possible that Iraq and the IMF negotiated various terms...and the one in December is not necessarily the one signed in March. If we all knew for a fact that the March final agreement was exactly as the December agreement, I would pretty much say this is a done deal in July or when Iraq receives their first loan payment. The bottom line is, if the exact same terms and conditions were in the final signed agreement, they [then?] you all should start smiling and get ready for something very exciting...
6-30-2016 Intel Guru Frank26 You will never see the LOI...but you will see fragments of it...and one day you are going to wake up in the still of the night and you will see a rate change for the IQD...and everything else will continue to wait and bow to Iraq’s decision about raising the value of their currency…and until that day happens there is not a whole lot we can do...except to continue to threaten them, encourage them, push them...or drive them into the international theater where you cannot survive with a program rate. IMO...are now working in the direction that we want...for all their reforms...and the Financial Reform is one of them.
6-30-2016 Newshound Guru Kaperoni Article: "Iraq develop a plan to postpone the premiums Paris Club" The worse the conditions get, the more urgent they need economic reform. And that starts with banking.
6-30-2016 Newshound Guru Stryker Article: "Parliamentary Finance calling on the government to prepare for the coming years" A July launch is looking better everyday!!!
6-30-2016 Newshound/Intel Guru BGG one way a central bank controls the movement of its currency is with its value. the CBI may be positioning the banks prior to authorizing/directing them to settle all foreign remittences with the IQD. ...in other words... if the CBI is directing the banks to settle all foreign remittences with the IQD - 1182 IQD would be leaving the country for every $1 paid...this is all good. So how does the CBI control the outflow of the IQD? With the VALUE - of the IQD. [Who determines that value?] The C-B-I under the "advice" of the I-M-F (as of recently). [this is great news but won't the need the pricing index calculation to be implemented?] IMHO - that is a very, quick and easy calculation. [post 2 of 2]
6-30-2016 Newshound/Intel Guru BGG Article quote: "in order to control the settling accounts Alkmarki and tax procedures for the purpose of regulating the import and export of materials and goods and adjust the traffic movement amounts in foreign currency, including those funded by the Central Bank of Iraq." AS OF JULY 1ST THEY HAVE ESTABLISHED AN ENTITY TO REGULATE IMPORTS/EXPORTS WORKING WITH MINISTRY OF COMMERCE AND CONTROL THE CURRENCY... THE FOREIGN CURRENCY MOVEMENT OF TRADE FUNDS INCLUDING CBI FUNDS...AND LOOK WHAT THIS LAW HAS TO DO WITH... THIS DEALS WITH THE COMPOSITION AND STRUCTURE OF ALL COMPANIES IN IRAQ ESPECIALLY PUBLICLY TRADED COMPANIES ON ISX... [post 1 of 2....stay tuned]
6-30-2016 Newshound Guru firefly Seriously folks, stop looking for a date, you won't find one (at least not a real one). Just be happy we are in the moment. They are telling us daily exactly what they are doing.
6-30-2016 Newshound Guru Kaperoni ...their does not need to be some event where they reduce the money supply before raising the value. They can do it naturally. Remember back in 2004-2006 Shabibi raised the value of the dinar from about 3000 dinars to $1 to 1166 to $1 with little fanfare, inflation was reduced to less than 3% and nobody talked about the money supply or reduction of the note count. I expect when the dinar begins to rise this time, a very similar situation will occur. The banks can do it all for the CBI as the dinar gradually rises.
6-30-2016 Newshound/Intel Guru BGG Maybe we should quit worrying about dates...and start paying attention to what they are actually getting done...one thing is for sure - Abadi and the GOI are moving ahead at light speed after what appears to be some agreement with the IMF/WB - etc, etc...Especially on the security and political fronts.
6-30-2016 Newshound Guru Millionday Article quote: "...identify trends in banking reform and clear indicator that changes made by the government in the departments of government banks as an important step on the road to reform." THIS IS TELLING US THAT STEPS HAVE BEEN MADE TOWARD BANKING REFORM...THE GOVERNMENT IS ATTEMPTING TO FINISH ALL BANKING REFORM STEPS. THE GOVERNMENT PROGRAM APPEARS TO BE LAUNCHED AND THEY ARE WORKING ON IT WITH THE CBI INITIATIVE. SOME CHANGES HAVE TO TAKE PLACE FOR THE BANKING REFORM TO BE ACTIVATED TOTALLY BUT THEY DONT APPEAR TO SAY WHAT CHANGES. IT APPEARS ACTION IS TAKING PLACE TO WORK WITHIN THE REFORMS AND LAUNCH. THE JOINING OF THE PRIVATE SECTOR AND THE GOV AS THEY RUSH THE ENTIRE LAUNCH OF THE GOV PROGRAMS AND THE BANKING REFORM WITH CBI AT THEIR SIDE. WE HAVE GOV PROGRAMS -- CBI INITIATIVE -- CLEARANCE FOR INVESTORS -- AND BANKING REFORM -- WITH LEGISLATION FOR THE COUNTRY AND MARKET ECONOMY...THE MOVE TO A MARKET ECONOMY -- THIS IS GREAT NEWS.
6-30-2016 Intel/Newshound Guru Poppy3 SEEM THEY AGAIN ARE NOT WORRIED ABOUT THE PREVIOUSLY AGREED TIME LINE TO COMPLETE THE LAWS AND FINANCIAL REFORM AS STATED BY THE IMF, WORLD BANK. SEEM THEY HAVE BUSTED THEIR BUNNS TO GET READY YET THEY AT THE LAST MINUTE POSTPONE PARLIAMENT TO COMPLETE THE VOTES NEEDED. NOW ARE THEY SAYING ONE THING AND ARE GOING TO DO THE OTHER? ONLY TIME WILL TELL BUT LIKE I HAVE ALWAYS SAID WE MUST WATCH THEIR ACTION AND DISMISS 90% OF WHAT THEY SAY. I'M NOT HAPPY ABOUT ANY DELAY BUT EXPECT IT TO BE TEMPORARY AT BEST. WE WATCH AND SEE AS WE HAVE FOR YEARS YET WE KNOW IT IS POSITIVELY HAPPENING.
6-30-2016 Newshound Guru Kaperoni Iraq has no time to waste. They need investors, and need to transition to a market economy as soon as possible to put people to work and rebuild the country. Abadi seems to be willing to move forward as fast as possible..so let's hope the second half of 2016 is what we all been waiting for.
6-30-2016 Newshound Guru wmawhite [so parliament not meeting until the 12?] ...Jabouri told the nation of Iraq that the next session is July 12, 2016. Article: "Jubouri announce the unified parliament session on 12 of next July"
6-29-2016 Newshound Guru Kaperoni Article: "Parliamentary financial operations reveal a "new gimmick" to manipulate prices Dollar" They said it themselves, they are starting the market economy by self loaning them process. All with the hope once the wheel is primed the laws will pass and the flood gates will open. "stressing that" the granting of government loans will reduce the dollar exchange rate against the dinar because it will activate the various work and production sectors..." We have to hope this plan succeeds and over the next several months we see Iraq's economy begin to take off. The result will be the gradual rise of the dinar! The plan was told to us a few years ago...we just need to watch it happen.
6-29-20216 Newshound Guru Millionday Article quote: "The Cabinet decided on Tuesday, limit import and export process as the companies registered with the Ministry of Commerce, and the establishment of companies "solidarity" Alkmarki holds the clearance process, while select the first of next July as the date for implementation." THIS IS TO BE IMPLEMENTED ON JULY 1ST AND IS TO ALLOW THE INVESTORS TO GET APPROVAL... THIS IS TRADE AND THE START OF ALL CUSTOMS AND TAXATION PROCESS WITH THE LAW OF CLEARANCE PROCESS. THIS IS THE BEGINNING OF THE MOVEMENT OF INVESTORS AND ALSO THE TRADE MARKET -- LOVE IT...IMO -- THIS IS VERY IMPORTANT. [how can they do all that with toilet paper for currency?] IMO THEY NEED THE PRICING INDEX CALCULATION IMPLEMENTED.
6-29-2016 Intel Guru Dr. Clarke It is our opinion, that the Dinar & Dong will significantly increase in value, SEPARATELY, but within a short time frame of one another (perhaps a few days, or few weeks - but that is pure speculation by anyone, as these type moves are never relayed immediately before they happen, for obvious reasons). There is NO indication, which will increase significantly first - notice we didn't say RV or Revalue - we said, "significant rate increase"...there's a small chance of an increase by July 17th. Small. In our estimation, the rate movements, really physically begin after Aug. 14th, (BIG Political Change in Iraq around this date), and do some amazing things through the end of SEPTEMBER, that nobody right now, sees coming. You gotta wait a little longer, but it will go fast and furious from here on out. This is NOT a GCR - that animal does not exist, as depicted...certain countries ARE re-booting, such as the U.K., for instance...and more. As we've stated many times, we Love Iraq & Vietnam, especially Right Now...nobody else. We've been saying now, for 5 months, that SEPTEMBER is the "3rd & FINAL Period".
6-29-2016 Newshound Guru Dr. Clarke Article quote: "The recently-introduced flexible exchange-rate mechanism is a commendable development. Permitting greater exchange-rate flexibility and strengthening monetary policy instruments, while moving gradually towards using inflation as the nominal anchor for monetary policy, will allow Vietnam to safeguard macroeconomic stability while buffering external shocks." Dong holders, should be smiling Big right now, after yesterday's report from the IMF...Especially this part of the article, which we've been saying for 4 months...that they will probably increase the rate slowly, gradually at first, then it will explode higher...
6-29-2016 Intel Guru Frank26 In fact I have even hinted to you that Article 8 has been ripped up to the point where it doesn’t even exist anymore…we are going to get the loans under the SBA...IMO...if they get these loans...within the next two or three weeks...under the SBA program...then Article 8 is gone...it would be vaporized...there are so many dominoes that are going to be knocked over and knocking over other dominoes...but you can’t knock them down just yet...because not all of them will fall down at once...this has to be done all at once...and it is...coming into that venturi effect. [post 2 of 2]
6-29-2016 Intel Guru Frank26 Article quote: ”The Intent of the USA After the Resolution of the Battle for Fallujah is to Provide Advice and Information to the Iraqi Government to Implement the Measures for the Financial Reforms in the CBI”...how juicy is that...that is exactly what we want to hear…that is exactly what they said they would do...that is exactly what is in the LOI...they are compliant…and all the evidence...all the evidence that is fossilized...is right in front of our eyes…they have done everything to be compliant with Article 8... [post 1 of 2....stay tuned]
6-29-2016 Newshound Guru firefly Press Release: "IMF Executive Board Concludes 2016 Article IV Consultation with Vietnam" Quote: "On June 17, the Executive Board of the International Monetary Fund (IMF) concluded the 2016 Article IV consultation1 with Vietnam. Vietnam’s economy has experienced solid growth with low inflation, reflecting policy attention to maintaining macroeconomic stability. Economic performance was robust through most of 2015..." A mirror image of what Iraq is going through with the IMF.
6-29-2016 Newshound Guru Adam Montana Today we are almost through [Ramadan], and I can't stress enough how happy that makes me. I'm READY! I mentioned earlier this week that I'm hearing some good things are coming our way... it's the oil. It's all about the oil - always has been, always will be when it comes to Iraq. I've mentioned many times in the past that I expect the HCL and the RV to be tied very closely to a rising cost in oil (it's incredibly low right now, but steadily climbing back up to where it should be. Oil Price: $80 a Barrel Is On Its Way, Says Analyst Published in Oil Industry News on Wednesday, 22 June. I hate to root for higher costs on anything, but anyone with a basic understanding of economics knows that sometimes lower prices are not good. In our case, it's reasonable to believe higher prices on oil will get us to the finish line. I have a feeling things are going to start picking up VERY soon.
6-29-2016 Newshound Guru rcookie Article: "Cabinet restricts import, export and buy the currency registered with the trade companies" Quote: "The Cabinet decided on Tuesday, limit import and export process as the companies registered with the Ministry of Commerce, and the establishment of companies "solidarity" Alkmarki holds the clearance process, while select the first of next July as the date for implementation." ...IT IS AMAZING! ...THE ENTITY TO HANDLE IMPORT/ EXPORT OVERSIGHT AND CURRENCY REQUIREMENTS FOR TRADE NEEDS IS LAUNCHING JULY 1ST...!
6-29-2016 Newshound Guru Dr. Clarke Iraq needs some more time...ISIS is still active, even though they're being driven out of Iraq...Mosul is NOT done yet...Mosul is NOT the last straw for the rate to be increased in Iraq, although it is important. They can actually do it before...Mosul is announced as done... the owners of Iraq (metaphorically) will decide, right on time...and it's Really close to that time, but now quite yet. We say late SEPTEMBER, and maybe mid July...
6-29-2016 Intel Guru Bruce WE ARE AT A POINT FOR A FEW MONTHS I AM SEEING STEADY BUT SLOW PROGRESS IN THE DIRECTION WE WANT IT TO GO...NOT CONCERNED WITH THE TIMING, I KNOW IT COMING AND APPROX. WHEN IT IS COMING. WE ARE IN A VERY GOOD PLACE.
6-29-2016 Newshound Guru Breitling So how do we know they are not going to just take the 3 zeros off the currency and do a lop? Because if they were going to do that they don’t need to reduce the note count do they? And that’s physically getting rid of notes. And them reporting it…telling people, ‘hey we’re down to 4 billion notes.’ Not dinars…NOTES. Remember one note can represent 25 thousand dinar. No one knows that exact combination because we don’t know the exact number of denomination that are out there. That’s how you know. The day they actually had a report of where they reduced the note count…that was the end of the debate. Be happy you didn’t fall for the trap. Don’t give your dinar to anybody. Don’t give your US dollars to anybody. For any reason at all… [Part 4 of 4]
6-29-2016 Intel Guru DELTA URGENT FROM IRAQIA TV: PM ABADI PLANS TO OPEN PROSPECT FOR INVESTMENT AND SOLVE THE ECONOMIC AND FINANCIAL PROBLEM IN THE COUNTRY AFTER EID AL-FITER.
6-29-2016 Newshound Guru wmawhite [THE WORLDS BANK ANNOUNCEMENT TODAY OF IRAQ ECONOMIC GROWTH PROJECTION NUMBERS OF 4.35 FOR 2016....AND 5.6% IN 2017.] TOTALLY...WOW...IRAQ ECONOMIC GROWTH PROJECTION NUMBERS OF 4.35 FOR 2016...AND 5.6% IN 2017. What does the World Bank know? What do they see coming inside Iraq for Iraq to grow at that rate? Again...what does the World Bank know?
6-28-2016 Newshound Guru Mountainman As The "GLOBAL TRANSITION" to their NEW VALUES and DIGITAL IMPLEMENTATION is Not far Away...per the DIGITAL PLATFORM scheduled for it's LAUNCH...on September 2, 2016...The TIMELINE of the BREXIT forward would Set in Motion for A "DOMINO EFFECT"...The Emerging Countries like INDONESIA,VIETNAM, IRAQ, and Many Others are READY...The TRADE DEALS were necessary to Create A "FLOW of REVENUE".
6-28-2016 Newshound Guru Millionday IMF FORMAL ARRANGEMENT: "The Iraqi authorities and the staff of the International Monetary Fund (IMF) have reached a staff-level agreement on a request for a 36-month Stand-By Arrangement (SBA)" THIS DECISION TELLS US THAT THE IMF AGREEMENT TO INITIATE IS COMPLETE...
6-28-2016 Newshound Guru wmawhite Article: "The agreement with al-Abadi to open financial accounts to the provinces to complement the transfer of powers" This is truly a FIRST in the history of Iraq...the central government giving up their most important asset...its MONEY...giving it to the provinces! Folks...this is true REFORM.
6-28-2016 Newshound Guru tlm724 Articles: "Sabri: a meeting with the delegation of the Kurdish Abadi is a positive step to resolve the dispute between Kurdistan and the center" "Jubouri looking with Kurdish parties to complete the parliamentary work" Quote: "that the Kurdish delegation presented a project for dialogue to solve the problems outstanding between the federal government and the government of Iraqi Kurdistan." *mission* tis a great thing and if they can come to an agreement then we should see the HCL passed too! ...not only are these Kurdish blocs negotiating with the Abadi but with Jabber [Jubouri] too! It is way past time for this to happen and move the reform forward and get some laws passed!
6-28-2016 Newshound Guru rcookie [Will Parliament get everything done before the end of the month?] ...WITH THE COMMITTEE WORK THAT HAS BEEN ONGOING DURING THIS FIASCO...THE LAWS ARE CUED AND WAITING...AND THE URGENCY IS THROUGH THE ROOF!!...BUT IMO YES.
6-28-2016 Newshound Guru wmawhite Article: "The central bank pulls a vacation of two companies, one to sell the dollar, "betrayed the trust" WOW...how times have changed...it has not been too long ago when you could steal from the CBI, and the GOI and get away with it. But not now! ...today under the leadership of Prime Minister Abadi the CBI is pouncing on the corrupt...Now, you are out the door, out of business and in prison. Times have changed. Remember in Davos, PM Abadi to the world that Iraq would join them on THEIR stage, economic stage...to do this he had to clean house
6-28-2016 Newshound Guru rcookie Article quotes: "House of Representatives confirmed the decision MP Imad Youkhana, Tuesday, that the Federal Court's decision restored the situation to what it was previously. "...the House of Representatives of the protesters to respect the decision of the Federal Court judge declared unconstitutional two sessions of the House of Representatives..." SO...THE FEDERAL COURTS RULE BOTH SESSIONS TO BE INVALID (UNCONSTITUTIONAL) AND RESTORE PARLIAMENT TO ITS PREVIOUS STATE...BACK TO WORK! NEW LEGISLATURE SESSION AFTER HOLIDAY.
6-28-2016 Newshound Guru Millionday Article quote: "...we expect this agreement to fruition in improving the quality and equity in the educational system and that of the European Union an important impact on the development of Iraq, especially after the signing of the partnership agreement and cooperation in 2012, which aimed to strengthen relations between the two sides and to achieve the integration of Iraq into the global economy." UNDERSTAND THAT THIS IS ONE OF THE STEPS THAT WE WERE TO SEE AT THE TIME OF IRAQ'S INTEGRATION INTO THE GLOBAL ECONOMY -- WHOOOPOW. THIS IS EXPECTED WITHIN THE BUDGET AS THEY APPLY THE NEW EDUCATION SYSTEM. THIS WAS A HUGE ANNOUNCEMENT IN EU TO EXPLAIN HOW THEY COME INTO PLAY AND WHAT TO EXPECT -- SO OBVIOUSLY THIS WILL BRING IN HUGE INVESTORS AND MARKET GROWTH AND TRADE AGREEMENTS THEY ARE EXPECTING TO MAKE. OBVIOUSLY THIS IS HUGE...MILITARY IS SUCCESSFUL AND AS WE SEE AGREEMENT NOT JUST MADE BUT SIGNED FINALLY WITH EU -- AND VERY INTERESTING TIMING...
6-28-2016 Newshound Guru tlm724 Article: "Engineer confirms that the victory of Fallujah has only achieved through concerted efforts of all Iraqis" *hallelujah* thank God they were able to achieve this and it will give them the confidence to march on to Mosul and take their country back!
6-28-2016 Newshound Guru Breitling Question cont. “They are telling me…3 zeros will be deleted from the dinar and my 25K note will only be worth 25 dinar. They are saying there is no way Iraq can pay 3 plus to exchange notes being held around the world, can this be? “ Well no. They are NOT going to PAY for it…it’s an exchange. And it’s not an exchange from Iraq…it’s an exchange from the banks from wherever you’re at. Iraq doesn’t have to pay for it. It’s an exchange. It’s a swap. And so it’s not going to be $3 it’s going to go up to $1.17 but later on the road it could be $3 but you and I don’t know how long we can sit on the notes that we have. So again what they are talking about is LOP. So basically they are using the same scam…look they are going to lop the 3 zeros off that currency unless you’re part of the bank through our private bank account so all your money goes to one person’s bank account you’re pretty much up the creak…what are you going to do get a lawyer? [Part 3 of 4 Stay tuned for the rest of the story…]
6-28-2016 Newshound Guru Kaperoni Article quote: "Abadi instructed Prime Minister based on the recommendations of the meetings and workshop industrial sector reform of urgency enactment of laws contribute to the development of the sector...and the expert that these laws need to activate and if achieved, will go to immediate execution..." I like that...pass those banking laws so they can be applied! this a real moral booster. If and when the laws pass, it sounds like they won't waste any time putting them in place to begin the transition and opening of the banking system. Very good news indeed.
6-28-2016 Newshound Guru rcookie Article: "Baghdad...began to Iraqi ports, on Saturday, the work schedule of the new revenues and wages." HERE IS THE OFFICIAL ANNOUNCEMENT IN INK OF THE ACTIVATION OF THE NEWLY INCREASED TARIFF RATES ON SELECT GOODS WHICH WAS ORIGINALLY SLATED FOR EARLIER IN MONTH AND THEN DELAYED UNTIL 25TH...HERE IN INK...THEY DID EXACTLY...REPEAT EXACTLY AS THEY SAID THEY WOULD... ADDITIONALLY...PLEASE NOTE THAT THE 2010 CUSTOMS TARIFFS HAVE BEEN IN EFFECT AND ACTIVATED SINCE JANUARY AT ALL APPLICABLE BORDER POINTS WHERE SECURITY STATUS ALLOWS...
6-27-2016 Newshound Guru Backdoc ALTHOUGH THE BREXIT IS NOT DIRECTLY A PART OF THE MONETARY REFORM [GLOBAL MONETARY REFORM] ITS STRUCTURAL IMPLICATIONS HAVE A MAJOR IMPACT ON COUNTRIES AND THEIR CURRENCY MARKETS AND THE TIMING OF WHEN THE PROCESS PLAYS OUT! THE BREXIT WAS SO SIGNIFICANT THAT TAXES AND TARIFFS IN IRAQ WERE DELAYED FROM THE 15TH TO THE 25TH. WHY? WHAT BETTER WAY TO HIDE A GLOBAL CURRENCY LAUNCH BUT BY ANOTHER CRISIS? BRILLIANT! TODAY THE B.I.S. WARNS OF CURRENCY DESTABILIZATION GLOBALLY. IT SEEMS THINGS ARE STARTING TO GET CRAZY AS THE CENTRAL BANKS ARE BEGINNING TO LOSE CONTROL! SEEMS TO ME THIS WOULD BE THE RIGHT TIME FOR VIETNAM AND IRAQ TO UNLOAD THEIR OVERVALUED DOLLARS AND LAUNCH THEIR OWN CURRENCY NOW.
6-27-2016 Newshound Guru Millionday Article quote: "...there are steps and procedures currently conducted in coordination between the Ministry of planning and the World Bank to prepare a new strategy to alleviate poverty..." FINALLY A CALL FOR THE REMOVAL OF POVERTY -- HOW LONG WE HAVE WAITED FOR THAT... THE PLAN THAT IS NOW IN EFFECT OR BEING PLACED IN EFFECT IS THE JOINING OF THE MINISTER OF PLANNING -- WORLD BANK -- AND OF COURSE THE REFORMS ETC -- WE MUST NOT FORGET THE GOV PROGRAMS EITHER -- HUGE... AS WE KNOW THE OPENING OF THE BUDGET AND ALSO THE LOANS FROM INTERNATIONAL FUNDS -- IMF--WORLD BANK AND GRANTS -- ALONG WITH INVESTORS IN HOUSING AND INFRASTRUCTURE WILL BE HUGE FOR LIQUID ASSETS AND CASH ON THE STREETS -- WHOOOPOW.
6-27-2016 Newshound Guru Stryker Article Quote: "the transfer of financial and administrative powers of the federal ministries to local governments" Abadi agreed to open financial accounts to the provinces in the process of transfer of powers from the ministries...Now we see the transfer of administrative and financial powers to the provinces! The facts just keep getting better...
6-27-2016 Newshound Guru rcookie Article quote: "...Abadi said of Fallujah on Sunday, the liberation of the city from the control of the organization "Daash" fully, and with the Iraqi flag..." THERE IS NOTHING SHORT OF REMARKABLE PROCESS ON THE SECURITY FRONT...FROM ALL ANGLES...AND WHAT WE HAVE BEEN WAITING FOR ANNOUNCED TODAY...SO EVEN THOUGH WE HAVE HAD REPORTS SINCE BEGINNING OF WEEK AND LAST FRIDAYS TELEVISION ADDRESSMENT TO THE PEOPLE...HERE ABADI IS OFFICIALLY RAISING THE IRAQI FLAG OVER CENTER FALLUJAH AND OFFICIALLY ANNOUNCING FULL LIBERATION STATUS AND CALLED CITIZENS OF FALLUJAH TO TAKE TO THE STREETS IN CELEBRATION...
6-27-2016 Newshound Guru Breitling …Whether it revalues from the government or their little private group they’ll never see it [dinar] again. This is the exact same definition that I’ve been hearing for the last 3 or 4 years…”you’re the chosen ones so don’t talk about it.” The title of the email [from Grandma] was “please calm fears.” You have nothing to fear…you still have your currency…they don’t. There is no such thing as a private exchange and they’re is no public exchange? How does that work? Does anyone want to tell me how that works?…so a couple private groups get to exchange their currency but no one else on the planet does, huh? [Part 2 of 4 Stay tuned for the rest of the story…]
6-27-2016 Newshound Guru Adam Montana Ramadan is over July 5ish, and I'm excited to see what's coming. I have had a few interesting and promising tips come through reliable sources in the last week...If all is going according to plan, things could get verrrry fun in the next month!
6-27-2016 Newshound Guru rcookie SALEH MADE COMMENT IN SEPARATE INTERVIEW TODAY THAT “THIS MOVE WILL STRENGTHEN BRIDGES OF TRUST BETWEEN GOI AND PRIVATE SECTOR AND ACTIVATE THE ECONOMIC CYCLE” THERE WILL BE IMMEDIATE CONFIDENCE AND RETURNS IN GETTING ARREARS TOWARDS THESE PROJECTS PAID! COMPREHENSIVE ENGAGEMENT TO DRIVE ECONOMIC REALITY...AND ALL...ONCE AGAIN COMPLETELY APPROPRIATED IN THE 100% EXECUTABLE 2016 BUDGET. [post 2 of 2]
6-27-2016 Newshound Guru rcookie Article quote: "The head of the Business Council, that "the implementation of this mechanism began as of today, by sending Treasury bills of exchange to the central bank, and prepared in advance by the Ministry of Planning ,"... HERE WE SEE THE BONDS FOR CONTRACTORS GOING OUT TO PROVINCES FOR STALLED PROJECTS AND DUES OWED CONTRACTORS... THIS SHOULD ENGAGE SOME OF THE ACTION FOR COMPLETION OF...STALLED PROJECTS AND INCENTIVIZE MORE CONFIDENCE AND ACTIVITY IN THE INVESTMENT PROCESS...AMAZING HOW MUCH THE $$$$ ACTS AS AN INCENTIVE AND DRIVER... [post 1 of 2....stay tuned]
6-27-2016 Newshound Guru firefly Article quote: "...the Emir of Kuwait cables congratulatory telegram to the infallible and Abadi... He expressed that "security and stability prevail in all parts of brotherly Iraq and achieve for his people all looking forward to the advancement and progress and prosperity." They announced yesterday the Iraqi government fully liberalized the city of Fallujah from terrorists Daash gangs and it plans to go to liberate the city of Mosul in northern Iraq.
6-27-2016 Newshound Guru mike Article quotes: "...the federal court decisions on the legality of the two sessions of Parliament in April are binding and not the degree of appeal.."We hope that the court will issue its final decision on 28 of this month..." ...this is a big article. For those of us in the dinar community, we were following the news that day when the Reform Front tried to hijack Parliament and install their own Speaker and everyone knows they didn't have quorum. So now we sit and wait and hope that the hardline Shia don't control the Federal Courts, the courts ruling concerning Jabouri's legitimacy will tell us who's running the show in Iraq. If Jabouri is removed, we know the hard line Shia are still running things, if not, then Abadi's reforms might have a chance.
6-27-2016 Newshound Guru Breitling Question: “ I’m a grandmother that purchased dinar back in March 2013. I’ve been under the impression that when the currency revalues that I can take it to the bank, exchange it for dollars at a higher rate and live happily ever after. In the last few months several of my friends have been telling me that there will be no public exchanges but that you have to be in a private group with a contract to exchange. These friends have surrendered all of their dinar to a group back in January… They’re still waiting for their funds from the dinar…” Yeah, imagine that…I’m not trying to be a smarty pants but …you know what? They’re wrong and they’re in deep trouble cause they’ll never see that dinar again. [Part 1 of 4 Stay tuned for the rest of the story…]
6-27-2016 Newshound Guru chattels The parliamentary recess ends on June 30th. July 1st is a Friday, Holy Day, and the 2nd is their weekend. So, maybe Parliament can reconvene on the 3rd, but there are only four (4) days until the Eid Festival, July 7 - 9. We hope for a " positive " Federal Court decision on the 28th regarding the legitimacy of the parliamentary leadership. Or perhaps more importantly some " healing " between the political factions no matter the decision by the court. I do not expect a sudden and inclusive legislative action on the important laws. I note that the " hype " regarding the near certainty of movement in the value of the IQD in the first half of 2016 has abated. Probably because there are only five (5) days left until the second half of 2016. I encourage each of you as I encourage myself ...we will finish this " race". The " turtle" wins and not the " hare". Godspeed the completion of the Iraqi banking sector reform project.
6-27-2016 Newshound Guru Millionday Article quote: "Iraqi forces recaptured the last district held by Islamic State militants in the city of Falluja on Sunday and the general commanding the operation declared the battle complete after nearly five weeks of fighting." THE ANNOUNCEMENT OF SUCCESS AND THE WIN OF THE BATTLE WITH TERRORISTS IN FALLUJA WAS MADE TODAY! AN ANNOUNCEMENT WAS MADE LAST WEEK OF VICTORY BUT IT WAS NOT COMPLETE -- TODAY FROM THE BATTLE WAS ANNOUNCED THAT VICTORY WAS ACHIEVED... THE SUCCESS FROM TODAY IS A PART OF THE WHOLE ATTACK ON THE TAKE OVER OF MOSUL THAT HAS GONE ON TOO LONG. THIS SUCCESS IS A VERY LARGE PORTION OF THE PLAN -- PROGRESS/SUCCESS. THE FLAG IS FLYING HIGH...GREAT NEWS ==WHOOOPOW.
6-26-2016 Intel/Newshound Guru Poppy3 we are closing in on our reward for years of waiting for IRAQ to get their act together. IT surely appears they have positioned themselves to enter the world or global economy.
6-26-2016 Newshound Guru mike Article: "Khawla al-Asadi" The new Director of the Rafidain Bank officially takes over" This is good stuff and long overdue. Hopefully, Abadi will now turn his eyes to the 1,000 other proxy positions. If Parliament can't work together to approve Abadi's appointments, he should just start replacing the whole lot and not wait for Parliament to get it's act together.
6-26-2016 Newshound Guru Millionday Article quote: "...General Secretariat of the Council of Ministers a joint workshop in coordination with government departments in order to activate the work of standardization and control devices mechanisms in line with international standards..." THIS REPORT IS ALL ABOUT THE US SETTING UP STANDARDS FOR TRADE...TO UNIFY TAXES -- TARIFF AND ALL INTERNATIONAL STANDARDS WITH US AND IRAQ...THIS IS THE MEETING TO ACTIVATE ALL INTERNATIONAL TRADE COMPLIANCE WITH THE US -- HOWEVER THIS OF COURSE UNIFIES WITH MORE THAN US DUE TO COMPLIANCE ISSUES... CUSTOMS AND PRODUCT CONTROL ETC...IS ONLY NEEDED TO OPEN TO GLOBAL TRADE OR I SHOULD SAY A FREE MARKET -- IMO.
6-26-2016 Newshound Guru tlm724 Article: "Ports start working to apply the new tariff revenue and wages" Quote: "...the new tariff rose slightly in some vocabulary also included regulatory actions to facilitate the work of companies..." *hallelujah* finally getting it together! Very Happy.
6-26-2016 Newshound Guru chattels Last week, Iraqi forces raised their flag above a government complex in central Fallujah and declared victory, saying 80 percent of Fallujah was under their control. It was some much-needed positive news for al-Abadi amid growing anti-government protests and civil unrest in Baghdad. But nearly a week later, Iraq appears to have only a fragile hold on the territory its forces claim to have liberated. The U.S.-led coalition, which has been conducting airstrikes in the offensive, said Tuesday that only a third of Fallujah can be described as "cleared," while other territory remains contested.
6-26-2016 Newshound Guru rcookie Article: "Start new schedule returns and wages in ports" Quote: "...the new tariff has seen a slight increase in some of its vocabulary are also included to facilitate the work of companies that ships Taom ships Iraqi ports regulatory measures." WE'VE BEEN...TELLING YOU OF THE CUSTOMS TARIFFS STATUS...AND HERE IT IS IN INK...THE NEWLY REVISED... SLIGHTLY INCREASED RATES ON SELECT GOODS ARE NOW ACTIVATED AND BEING COLLECTED.
6-26-2016 Newshound Guru wmawhite [...sba has nothing to do with the rv?...so why are we expecting a value change at this time?] We are expecting a value change...NOT because of the sba loans...it has nothing to do with when the CBI along with the GOI decide to move forward with the IQD...these loans are a budget issue...they, the loans, are not a currency value issue which is the CBI. [...what is the issue that is causing the value change?] if you start buying 90% of your goods on the international market and you have to pay over of 1,000 times more for those goods...would you do so? ...would you make some changes to what you are buying with? [of course.] well then, you understand why they will change the value of the IQD...
6-26-2016 Newshound Guru Breitling Question: "What effect does the Brexit have on the dinar world and our investment? " The UK leaving the European Union has a lot to do with everything. If you’re an American it’s fantastic news. …How is Iraq going to add value to their currency? What do they keep reporting that says hey you need to take our currency seriously? Because what? They’re reducing the note count…supply times velocity… It means the biggest threat to the US dollar for competition wise was just crushed…the Euro-The European Union. How does that impact the currency that we’re invested in in Iraq? Iraq is all in for the US dollar. It is backed 100% by the US dollar. They believe in the US dollar. Their economy is built on the US dollar and the representation of that will be the dinar. What a remarkable thing that is.
6-26-2016 Newshound Guru Millionday Article quote: "...Washington announced its intention to host a conference of donor countries to support Iraq in the twentieth of next July..." WASHINGTON IS HOLDING A FUNDING CONFERENCE TO GET MONEY FROM ALL COUNTRIES TO FUND THE REPAIR THE WAR CAUSED THROUGH THE DISPLACED THE MANY PEOPLE THAT NEED TO GO HOME AND NEED ELECTRICITY FOOD ETC. THIS IS ALL ABOUT IRAQ BEING BROUGHT BACK TO STABILITY IN A HUGE HURRY. THIS IS A MEETING (ANOTHER) THAT IS TO BRING IRAQ BACK FROM ALL DAMAGE AND ALSO FROM ISSUES THAT IMPACT THEIR MONEY--VALUE--RETURN ETC. THIS IS WHAT I AM SO VERY EXCITED ABOUT. WE ARE SEEING MANY MEETINGS ABOUT IRAQ' RETURN. ...I HAVE TO SAY -- THIS IS FANTASTIC NEWS... WHOOOPOW.
6-26-2016 Newshound/Intel Guru Arthur I HAVE CONTINUED MY CONVERSATIONS WITH ALL THE CONTACTS I HAVE THAT HAVE ANY REAL KNOWLEDGE ABOUT THE BREXIT SITUATION BOTH HERE IN THE US AND IN BRITAIN. I...THINK THIS HAS DISCERNIBLE IMPLICATIONS FOR OUR INVESTMENT. THE UNPREDICTABILITY AND UNCERTAINTY OF THIS EVENT HAS NO DOUBT CAUSED A DISCERNABLE RIPPLE IN THE PTB'S PLANNING AND TIMETABLE. ANY THOUGHTS OF FURTHER DELAYING THE RV ON SOME HERETOFORE SELF-SUITABLE TIMING HAS WENT OUT THE WINDOW. IMO WE ARE NOW GONNA SEE SOME REAL SERIOUS MOVEMENT TO GET THE GLOBAL REVALUATIONS STARTED IN EARNEST WITHIN THE NEXT 30 TO 90 DAYS.
6-26-2016 Newshound Guru rcookie SO...STATE OF LAW MP JAAFAR ASSERTS THAT THE ABADI REFORM PLAN WILL BE IMPLEMENTED AFTER EID AND NOTED... ”HE WILL WORK TO OPEN THE PROSPECTS FOR INVESTMENT AND SOLVING THE ECONOMIC & FINANCIAL PROBLEMS IN THE COUNTRY”...NUF SAID...[All coming together quickly...] AGREED ...AND AT LIGHTNING SPEED!!.
6-26-2016 Newshound Guru mike Article: "Khawla al-Asadi" The new Director of the Rafidain Bank officially takes over" This is good stuff and long overdue. Hopefully, Abadi will now turn his eyes to the 1,000 other proxy positions. If Parliament can't work together to approve Abadi's appointments, he should just start replacing the whole lot and not wait for Parliament to get it's act together.
6-25-2016 Newshound Guru Mountainman [I keep hearing about the Taxes and Tarrifs...Could someone please explain the significance of why it is a good thing if they did come out?] It Means that IRAQ has to have A NEW RATE to be Used on the PRICING of their PRODUCTS for GLOBAL TRADE and because They were at A Program Rate of 1166 = about 8/10th's of a USA PENNY...There (MUST) be A Change and the World Trade Organization would have Already {KNOWN} and has Given them = IRAQ, their International Codes used in the UNIVERSAL COMMERCIAL CODES/SWIFT as well for GLOBAL TRADE.
6-25-2016 Newshound Guru mike Article: "No justification to the Federal Court to delay the resolution of the legitimacy of the parliament sessions" This just blows me away, how are they still trying to figure this out? Parliament was in chaos that day, by all accounts, there was never enough MP's to achieve quorum but here we are, still arguing about it. Iraq hasn't achieved Parliamentary quorum since April, that's over two months now and if they don't get this deal straightened out by the end of Ramadan, Parliament will continue with the dysfunction. At some point, Abadi has got to start acting like the PM and get the judicial and legislative branches of his government on track. All you have to do to create political paralysis in Iraq is create a bogus complaint and present it to the crooked judicial system and all progress stops dead in its tracks. There are many who are opposed to Abadi's plans regarding the reforms and so far, those opposed are winning the battle. Your move Abadi.
6-25-2016 Newshound Guru rcookie IN ADDITION TO THE PERFORMANCE REVIEWS THAT IRAQ GOES THROUGH TOWARD THEIR SMP PERFORMANCE AND GOALS...REMEMBER WHAT OTHER REVIEW THEY PARTICIPATE IN AND THE INTERVAL...Article IV Consultation...Iraq is on the standard 12-month consultation cycle. The last Article IV consultation was concluded on July 29, 2015...SO WHAT DOES THIS TELL US...IF THE SMP THAT QUALIFIED THEM TO RECEIVE THIS 18 BILLION SBA ENDS IN 2016... [IS THIS THEIR LAST ONE?] TELL EM WHAT HES WON JOHNNNY! THINK OF IRAQ AS HAVING GONE AND GRADUATED FROM UNDERGRAD SCHOOL...GONE ON AND GOTTEN THEIR MASTERS...WENT FURTHER AND EARNED THEIR PHD...AND NOW HAVE TO GO OUT INTO THE GLOBAL MARKET AND APPLY WHAT THEY HAVE LEARNED! [post 2 of 2]
6-25-2016 Newshound Guru rcookie OK...THERE HAVE BEEN A LOT OF QUESTIONS...DISCUSSION AND RUMORS CONCERNING IRAQ POSITIONING IN EARNING AND RECEIVING ACCESS TO THEIR IMF SBA LOAN UMBRELLA...OFF OF THEIR IMPECCABLE PERFORMANCE IN THEIR SMP (STAFF MONITORED PROGRAM) THAT STARTED IN JAN 2015...AND RUNS THROUGH DEC 2016...REVIEWS ARE WHAT WE MEASURE AND WEIGH IRAQS PERFORMANCE AGAINST TASK IN THEIR SMP...THE SCRUTINY THEY HAVE BEEN UNDER IN MORPHING THIS NATION...CULTURE...AND ECONOMY SINCE 2004 IS STUNNING! SCRUTINY AND GUIDANCE AND TECHNICAL ASSISTANCE FROM WTO...IMF...WB...UN... SIMPLY AMAZING...AND WE ARE ALL FORTUNATE TO BE TAKING THE RIDE WITH THEM! [post 1 of 2....stay tuned]
6-25-2016 Newshound Guru firefly Like I said, June will be a VERY interesting month ... (or did I say "a very hot month).
6-25-2016 Newshound Guru rcookie Article: "Parliament will hold its sessions before the feast of the Federal Court and got to separate appeal at its" NATIONAL ALLIANCE MP ZAIDI ANNOUNCES THE HOR WILL RESUME AT END OF LEGISLATIVE RECESS (JULY 1ST) BEFORE EID HOLIDAY...AND OUTLINES THE FEDERAL COURT RULING ON 2 SESSIONS SUBMITTED SUNDAY BY COURT PREPARER... AND RULED ON TUESDAY...FOLKS THIS IS GOING TO GO DOWN IN THE NEXT 4 DAYS...WITH THE DIRE NEED OF PARLIAMENT TO BE RE-ENGAGED TO GET VOTING ON WHAT THE IMF WANTS DONE TO GET THE SBA LOANS...PUBLIC FINANCIAL MANAGEMENT LAW...REVISED 2016 BUDGET LAW...CBI LAW... INVESTMENT LAW AMENDED...AND BANKING LAW... [No voting...no loans...] NO SOUP FOR YOU! [SO THEY COME BACK ON THE 1ST AND VOTE?] THATS WHAT THE MAN SAID.
6-25-2016 Newshound Guru Millionday Press release quote: "...the Iraqi Foreign Affairs Ministry, said, “Iraqi Foreign Affairs Minister Ibrahim al-Jaafari received the US Ambassador to Baghdad Stuart Jones today. During the meeting they discussed about the bilateral relations between Baghdad and Washington, the latest security and political updates and the war against ISIS." THEY INTEND TO KEEP EVERYTHING SECURE AND ARE VERY HAPPY IN THE SUCCESS AND PROGRESS -- EXACTLY WHAT WE WANT TO SEE ALONG WITH EVERYONE ELSE. LOVE IT WITH THE CBI ADVISOR BEING SO HAPPY TOO – WHOOOPOW...SO THIS IS GREAT NEWS EVERY WAY YOU LOOK AT IT.
6-24-2016 Newshound Guru chattels Article quote: "...the Kurdish bloc put conditions on Abadi's program, including giving the government three months to agree to Kurdish demands." Abadi is not close to performing according to the "platform" and political agreement that put him in office as a compromise choice. The Kurds and the Sunni have been complaining for sometime that Abadi is not conforming/performing according to the political agreement. To my knowledge none of the Kurdish conditions have been addressed by Abadi, which is why I have stated...that the Kurds ARE NOT HAPPY...Nor are the Sunni.
6-24-2016 Newshound Guru rcookie A RETURN TO PARL IS NECESSARY TO VOTE ON THE LAWS AND INITIATIVES CUED UP AND AWAITING...THE MOST IMPORTANT SHORT TERM IS TO VOTE ON 2016 BUDGET LAW SO THE SBA LOAN MONEY IS ACCESSED AND DISBURSED...
6-24-2016 Newshound Guru rcookie Article: "Document" Finance Minister issued a ministerial order appointing directors of the Rafidain and Rasheed" SO...WE HAVE NEW DIRECTORS OF RAFIDAIN AND RASHEED BANKS APPOINTED BY MoF ZEBARI...REMEMBER...ABADI JUST CLEANED HOUSE LAST WEEK...BUT WHY IS ZEBARI ANNOUNCING THE NEW DIRECTORS...WHO OWNS RAFIDAIN AND RASHEED BANKS...THE MINISTRY OF FINANCE. I THINK THEY ARE BEING POLISHED AND STAGED FOR A REVEAL.
6-24-2016 Newshound Guru firefly Article: "Doaash in Mosul surrendered to security forces" Love it!
6-24-2016 Newshound Guru rcookie THE 2010 CUSTOMS AND TARRIFFS HAVE BEEN AND ARE AT HIS VERY MOMENT ACTIVATED AND BEING COLLECTED...WHAT WAS DELAYED WAS THE NEW INCREASES TO CERTAIN GOODS CHANNELS..
6-24-2016 Newshound Guru wmawhite Article: "Iraqi trade talks with Citibank to develop relations" Quote: "...exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world)..." here is a review of earlier news: THE REPORT THE OTHER DAY ON EU LINED UP FOR BASRA AND NOW... Article: "Baghdad confirmed its success in attracting international companies to implement investment projects..." Combine this with such news as the Citibank/TBI talks and the Bahrain Bank buying up additional shares of the TBI. If this doesn't get you excited...then...call 911!
6-24-2016 Newshound Guru Bluwolf Britain is in the RV basket, it's currency will lose some value and that is supposed to happen. What that tells all that it's RV is a go. The US dollar will go up high and the price of gold and silver will go down, another sign of the RV...and it won't be long now...
6-24-2016 Newshound Guru firefly My thoughts are that the IMF and IRAQ completed their agreements that IMO would bring us what we have been waiting for...Remember...NOBODY knows the date...But...IMO...Something HAS to give and FAST!
6-24-2016 Newshound Guru Aggiedad77 Article: "Parliamentary investment: international loan will need to be Iraq's compulsory international economic conditions and standards" Quote: "borrowing from the International Monetary Fund makes Iraq mandatory international standards and is committed to the conditions" IMF loans paving way here it seems for Iraqi inclusion with international standards... Rest assured that the IMF does nothing on a lark...they are like a bank...they want a return on their investment...these loans they make to Iraq...they know they must hold "junior's" hand...March to the IMF tune they will if they expect to get these loans...march into the implementation of international standards...the BEST is yet to come...soon.
6-24-2016 Intel Guru SteveI ...our investment...is approaching the final stages of completion.
6-24-2016 Newshound Guru rcookie Article: "BAGHDAD SECRETARIAT CONFIRMS THEIR SUCCESS IN ATTRACTING INTERNATIONAL COMPANIES TO IMPLEMENT INVEST PROJECTS IN IRAQS CAPITAL..." SO FROM PLANNING AND PREPARATION TO OPERATIONAL ACTIVATION...THEY OUTLINE SOME OF THE PROJECTS AS 5 STORY MALL WHICH WILL INCLUDE SHOPS... RESTAURANTS...WEDDING FACILITIES...WITH 44 ACRES IN ADDITION TO SHOPPING MALL RECREATION CENTER WITH SWIMMING POOLS...SCHOOLS... AND RESIDENTIAL HOUSING FTO ACCOMMODATE 336 HOUSING UNITS...JUST 1 OF MANY INDICATIONS OF PRIVATE SECTOR AND INTERNATIONAL COMPANIES ENGAGING EARLY IN IRAQS ENTRANCE TO GLOBAL ECONOMY. THEY ARE NO LONGER FIXIN TO ATTRACT INT'L COMPANIES...IN INK THEY ARE FULL ON GETTING IT DONE!
6-24-2016 Newshound Guru rcookie Article: "Exchange Rates and External Adjustment Swiss National Bank, International Monetary Fund, and IMF Economic Review" Quote: "Zurich, June 24-25 2016 The Swiss National Bank (SNB), the International Monetary Fund (IMF) and the IMF Economic Review are organizing a joint conference on "Exchange Rates and External Adjustment". A LITTLE ANNOUNCEMENT FROM IMF...ANNOUNCING THIS CONFERENCE...SO SWISS NATIONAL BANK AND IMF HAVING A LITTLE POW WOW IN ZURICH ABOUT EXCHANGE RATES AND EXTERNAL ADJUSTMENTS...HAS A LOT TO DO WITH PPP...PURCHASING PRICE PARITY...ETC...AND THAT STARTS FRIDAY. [I think Iraqs is out of whack with their comparables.] THEY ABSOLUTELY ARE WHICH IS WHY AT EVERY POSSIBLE OPPORTUNITY THE ECONOMISTS OVERSTATE THE IMPORTANCE OF VALUATION AT PAR OR BETTER THAN REGIONAL ACTORS ...ESPECIALLY BORDER PARTNERS AND TRADE PARTNERS OVERALL... [Wikipedia - The purchasing power parity...PPP exchange rates...can be useful for making comparisons between countries...]
6-23-2016 Newshound Guru tlm724 Article quote: "... the fact that foreign investors looking for a safe and advanced banking environment to facilitate his work and fast delivery and keep his money?" the key here is an advanced banking environment... I said it years ago and I stand by what I said, we won't see any substantial increase UNTIL the electronic system of oversight is in place...if they increase the dinar now billions will go out the backdoor! They MUST have accountability in place...as the governor said of the advanced banking environment, "you will see the results during the year"...*hallelujah*
6-23-2016 Newshound Guru wmawhite The value of the IQD outside of Iraq (which is the exchange rate/value) has no impact on what Iraq receives from importers who pay the tariffs. Also, if you are Ahmed and you are to pay 1,000 IQD tax for whatever, the exchange rate/value of the IQD to the Euro or the GBP or USD has no effect upon ahmed's tax because inside Iraq a IQD will always be equal to a IQD. Let me try to explain this a little better. If you are importing into Iraq rice, for example, and you owe me, the Minister of Finance, 1 Billion IQD on what you are importing, I don't care what the exchange rate/value is of the IQD. You as the importer don't care either. All that I am concerned about is that you sent the equivalent value of what the tariff is. I, the Minister of Finance, just wants the tariff paid. You the importer can pay it in gold, silver, Euro, GBP, USD, IQD, etc. Just pay the tariff.
6-23-2016 Newshound Guru rcookie THE REPORT THE OTHER DAY ON EU LINED UP FOR BASRA AND NOW... Article: "Baghdad confirmed its success in attracting international companies to implement investment projects..." GUESS THERES NO NEED FOR SPECULATION ON WHETHER INTERNATIONAL COMPANIES ARE CUED UP TO DO PRIVATE SECTOR BUSINESS IN IRAQ...
6-23-2016 Newshound Guru Aggiedad77 Article quote: "...Mohammed Saleh, said that the end of this month, will see the Executive Board of the International Monetary Fund endorsement of the granting of financial loans to Iraq agreement..." Saleh is no clown and he would not go out on a limb stating things that he did not feel are shaky...He is a facts and figures guy and presents them in a way they don't lie...conditions of the loan...cutting spending... increase non-oil revenues...pay the oil companies...things they are working with diligence to accomplish... green lights here Abadi and IMF...let 'er rip...The government approved the MOU from the IMF two weeks ago...so watch now for the meeting of the IMF Exec Board who will give the final approval for this loan process...maybe this loan approval by the Exec Board and the big announcement about Mosul...maybe they will be timed to be simultaneous events...
6-23-2016 Newshound Guru tlm724 Article quote: "...central bank adviser said Walid Idi, the central bank has more than $ 50 billion in reserve as well as gold, pointing out that this reserve covers imports over the period prescribed internationally recognized.." Geared up and ready to roll out the International carpet!
6-23-2016 Newshound Guru Shredd Article quote: "Governor "Yes, it is unfortunate that the banking sector we have is still in its infancy, far from the optimum international practices, and the use of the latest and best technology into the work..." this is their pilot phase and a pilot happens right before a go-live implementation, really good to see this all fitting together.
6-23-2016 Newshound Guru rcookie A RETURN TO PARL IS NECESSARY TO VOTE ON THE LAWS AND INITIATIVES...THE MOST IMPORTANT SHORT TERM IS TO VOTE ON 2016 BUDGET LAW SO THE SBA LOAN MONEY IS ACCESSED AND DISBURSED... [Do you think they can get all the laws needed passed in one session?] YES...I DO ONCE THEY GET BACK...THEY ARE CUED AND WAITING...
6-23-2016 Newshound Guru Stryker See the IMF loan approval is the start of so many other means that will not only kick start Iraq's economy but will put Iraq into the International Markets, and there is when the CBI will change it's monetary framework more inline with international standards, with a real exchange rate that will be used internationally as described in the Minister of Plannings feasibility study of 2011. And then (IMO) we will see the deletion of the zeros from our hands and transferred into something that we can spend to kick start our own personal economies! They just need to get all economic reforms launch to get us all there... [post 2 of 2]
6-23-2016 Newshound Guru Stryker Article: "Council Baghdad reveals a halt investment projects in the capital for "lack of " allocations" This is why they need the IMF SBA loans approved and the other loans that will come from places like the World Bank and other lenders that will follow from this IMF board approval. The many loans will provide Iraq with the much needed funds to kick start payments on the arrears, that then will help give Iraq a better credit rating, that then will give them a better market for their bonds and a sustainable return for those bond investors. The loans will then start these stalled projects, putting people back to work and these loans will help the CBI with their private sector loans as well, that will put even more people back to work. [post 1 of 2....stay tuned]
6-23-2016 Newshound Guru wmawhite tariffs are a revenue item...same as the selling of oil. The use of the currency at its true value is only relative to its use outside of the country. In other words, if the IQD is used outside of the country to settle foreign remittances at its current artificial/imposed value then two things take place; 1) the costs of imported goods remain high, and 2) the CBI runs out of IQD because Iraq has to exchange at a 1,000s of times high amount than there are IQD available to the CBI.
6-23-2016 Newshound Guru Bondlady ...the Iraqi people ...now...are taxed with the tariffs making things harder...they need to do something with there currency soon...imo this cant go on much longer and IT WONT...Wink...now that imf and others now in Iraq fixing what these clowns did to the country and people...it didn't happen over night an it will take time to fix...its all moving so quickly now I believe were in the home stretch and finally seeing awesome progress! IMO.
6-23-2016 Newshound Guru rcookie THE RAMADAN FESTIVAL OPENS NEXT WEEK AND RUNS FROM JUNE 26TH TO JULY 10TH...AT THE BAGHDAD INTERNATIONAL FAIR...AND FOCUSES ON REGIONAL AND INTERNATIONAL INVESTMENT ONLY...THEY TALK ABOUT CREATING THE ENVIRONMENT FOR PUBLIC & PRIVATE SECTOR PARTNERSHIP AND GATEWAY TO IRAQS NEW AVERSION TO ATTRACT INTERNATIONAL CAPITAL.
6-23-2016 Newshound Guru chattels Article quote: "...the Kurdish bloc put conditions on Abadi's program, including giving the government three months to agree to Kurdish demands." Abadi is not close to performing according to the "platform" and political agreement that put him in office as a compromise choice. The Kurds and the Sunni have been complaining for sometime that Abadi is not conforming/performing according to the political agreement. To my knowledge none of the Kurdish conditions have been addressed by Abadi, which is why I have stated...that the Kurds ARE NOT HAPPY...Nor are the Sunni.
6-22-2016 Newshound Guru rcookie Article quote: "...the Committee's Deputy Najib, answered for the balance of the news/"was ratified many conventions during the current parliamentary session," stating that "90% of agreements, including economic and investment cooperation and exchange of experiences." SO HERE IS MORE EVIDENCE OF PARLIAMENTARY WORK BY COMMITTEES ONGOING BEHIND THE SCENES...AND BEARING FRUIT TOWARD IMPORTANT INVESTMENT AND ECONOMIC ISSUES...90%!! AGREEMENTS CONCLUDED! AND MENTION BANKING AND BANKING TRANSFERS!
6-22-2016 Intel Guru Bluwolf We are still waiting for the Go to be said forward. Real bank sources are informing us that they are still waiting for this release... I do not know who is to give the word...Well this is where we are at this instance...
6-22-2016 Intel Guru Dr. Clark We never said the Dong would RV in 10 days...the latest decision is wait like Iraq, until IMF through the U.S. committee says - GO. We believe it will be by SEPTEMBER... Unlike the Dinar, an estimate, opinion on the Dong - Nobody knows exactly what the Dong will start at, but a slow, controlled rise is preferable, to keep their economy somewhat stable in the transition. It's much different than Iraq. Could see a 1-5 cents soon, then raise eventually as markets will push between $2 - 3.00 at some point, maybe even higher for short periods of time - because the strength of their overall economy can support these numbers, as being a real, quantifiable value - but nobody knows for sure about ANY of these projected rates, on ANY of these currencies...Remember, the Dong is ALREADY an internationally traded currency, even as we speak, so they now have the capability to raise & lower on a daily basis, at will - BUT, the U.S. must give them the green light officially behind closed doors, through the IMF, to start raising it substantially...when they feel they're READY.
6-22-2016 Newshound Guru rcookie Article: "Securities Commission decided on Monday to suspend the contribution of seven companies from trading for "failing to comply with the instructions of financial disclosure," THE SECURITIES COMMISSION HALTING TRADING ON COMPANIES DUE TO FINANCIAL DISCLOSURE REPORTING VIOLATIONS...THIS IS A TEXTBOOK EXAMPLE OF STARTING TO APPLY IAS INTERNATIONAL ACCOUNTING STANDARDS...AND IFRS INTERNATIONAL FINANCIAL REPORTING STANDARDS WHICH DEAL WITH THE TIMELY TRANSPARENT REPORTING OF FINANCIAL DATA REPORTING FOR PUBLICLY TRADED COMPANIES...AND REMEMBER BEEN APPLICABLE SINCE JANUARY 7TH...AND RUNNING PARALLEL WITH THE EXPECTATIONS OF TIMELY...ACCURATE TRANSPARENT FINANCIAL & ECONOMIC DATE THE INT'L AGENCIES ARE EXPECTING FROM IRAQ...WB... IMF...WTO...
6-22-2016 Intel Guru Frank26 ...when you look at all these steps that are occurring you can’t help but get excited...Abadi...said...Parliament is voting right now on sending international economic agreements by our government which are in line with our economic vision... I have ALL my ministers working on getting ALL the lands back right now...I have ALL my ministers working with the committees of economics and investments to tell the world that...the agreements that we made on our economy with the IMF...are in line...with the international standards...we are bringing you back into the international world... the governor of the CBI...says...we got $53 billion... Iraqi cash reserves...which are the IMF requirement are about $53 billion and with gold...it’s a lot more than that...IMO. ...it is for the existence of the amount of foreign exchange that is going to be coming into our country [Iraq] from the international investors and we need to cover our local currency basically to cover theirs...it is exciting without a doubt...
6-22-2016 Newshound Guru Kaperoni Article: "Central Bank Governor "long": equality dinar dollar threatens local production and the deletion of zeros depends on stability" Quote: "*Project to delete the zeros Wayne now, why it did not apply private and it raises the value of the dinar.? - The project to delete the zeros still exists and we have a technical preparations in this area, but we are waiting for the stability of the general situation, because this is a great work when we need stability in addition to the stability in the development of institutions, in particular, what we can organize and manage the operation and supervision are not allowed with breaches or excesses." Iraq is about as stable as it is going to get (outside of Mosul). So they should be seriously considering implication very soon. And ...those kinds of statements are in direct support of raising the value as the economy grows, investment flows, etc. Again, I believe the increase in value will be used to counter the inflationary pressure created by the influx of investment once the doors really open for investors. Time will tell, but let's hope they pass the laws we need and get the show on the road.
6-22-2016 Newshound Guru rcookie AND AS ANOTHER BACKDROP TO THIS STORY...ISNT THE TBI THE BANK THAT WE JUST SAW RAISE THEIR CAPITALIZATION IN THE LAST FEW DAYS ALONG WITH MANY OTHERS... [YES...and how much was that?] 300%....FROM 500 BILLION TO 1.75 TRILLION. AND WHEN YOU SEE UPSWING IN CAPITALIZATION THERE IS AN INHERENT EXPECTATION OF VALUATION INCREASE... [reference Guru wmawhite post 1 & 2 6-22-2016]
6-22-2016 Newshound Guru wmawhite They increased their shares from 54.7% to 64.7%. Why? ...this is very interesting news and IMO is an indicator that Iraq’s neighbors are aware of major changes coming soon from within Iraq’s financial institutions. I have always believed that Iraq’s neighbors have their fingers on the pulse of Iraq and that they will be the first to pounce on these opportunities being created by Iraq. This move by Bahrain’s Ahli United Bank combined with what Citibank just stated a few days ago ought to have you thinking...this is happening right in front of us...there are no secrets to this...they are announcing to the world as this is happening. [post 2 of 2]
6-22-2016 Newshound Guru wmawhite Article: "Iraqi trade talks with Citibank to develop relations – June 14, 2016" Quote: "as well as lifting the barriers that stand in the way of the constant movement around the world of the Iraqi dinar." this is Citibank stating...let's lift the barriers... Article: "Bahrain's Ahli United Bank buys shares of TBI" Since 2003, other banks in the region have been buying shares into the TBI...This bank (Bahrain’s Ahli United Bank) that is located in Bahrain already owned the majority of shares of the Trade Bank of Iraq. Yet, they apparently believe there is an up-side/an advantage to increasing their control over the TBI. [post 1 of 2....stay tuned]
6-22-2016 Intel/Newshound Guru Poppy3 ITS AFTER A 3 DAY BANK SHUT DOWN AND LAST MONTH WHEN OUR ...VP WAS IN IRAQ AND HE WAS INFORMED IT WAS GOING TO POSSIBLY TAKE THEM TILL THE LAST WEEK OF JUNE TO BE READY...HE SUGGESTED IF IT WAS GOING TO BE THE LAST WEEK OF JUNE TO JUST NOT RELEASE TILL THE 4TH OF JULY FOR AMERICA AND IT WOULD BECOME THE NEW REASON FOR INDEPENDENCE DAY? THAT WAS THE RUMORS LAST MONTH FROM BOOTS ON THE GROUND IN BAGDAD. [post 2 of 2]
6-22-2016 Intel/Newshound Guru Poppy3 ...WE ARE CLOSING IN ON SEVERAL THINGS OF GREAT INTEREST. FIRST THE DINAR --- ALL NEWS AND WRITTEN REPORTS AND ALL PERSONAL SOURCES ARE ALL ADAMANT THIS IS THE RIGHT TIME AND THEY ARE IN THE RIGHT PLACE PUSHING EVERY DAY AND WORKING AT NIGHT TO PREPARE FOR THE NEW RATE AND INTERNATIONAL TRADE WITH CURRENCY EXCHANGE...AS I HAVE TOLD YOU AND SHOWN REPORTS FROM THE IMF, WORLD BANK SAYING THE SAME THINGS. WE STILL WAIT AND SEE BUT MANY REPORTS NOW OUT SAYING JULY 5TH IS WHEN WE SEE IT GO GLOBAL. I TOTALLY BELIEVE IT. [why July 5th?] TWO REASONS... [post 1 of 2....stay tuned for the rest of the story]
6-22-2016 Newshound Guru wmawhite ...Guru Dr. Clark...stated..."Forget about what the IMF indicated “by the 1st half of 2016”. It’s irrelevant..." Seriously, Dr. Clark? We should...disregard the one entity that has more knowledge about Iraq and the Central Bank of Iraq than any other entity on this planet? It is reasonable to believe that the IMF, WB (World Bank) and the CBI "KNOW" what is going on with the money policy of Iraq. [reference Guru Dr. Clark post 6-20-2016]
6-29-20216 Newshound Guru Millionday Article quote: "The Cabinet decided on Tuesday, limit import and export process as the companies registered with the Ministry of Commerce, and the establishment of companies "solidarity" Alkmarki holds the clearance process, while select the first of next July as the date for implementation." THIS IS TO BE IMPLEMENTED ON JULY 1ST AND IS TO ALLOW THE INVESTORS TO GET APPROVAL... THIS IS TRADE AND THE START OF ALL CUSTOMS AND TAXATION PROCESS WITH THE LAW OF CLEARANCE PROCESS. THIS IS THE BEGINNING OF THE MOVEMENT OF INVESTORS AND ALSO THE TRADE MARKET -- LOVE IT...IMO -- THIS IS VERY IMPORTANT. [how can they do all that with toilet paper for currency?] IMO THEY NEED THE PRICING INDEX CALCULATION IMPLEMENTED.
6-29-2016 Intel Guru Dr. Clarke It is our opinion, that the Dinar & Dong will significantly increase in value, SEPARATELY, but within a short time frame of one another (perhaps a few days, or few weeks - but that is pure speculation by anyone, as these type moves are never relayed immediately before they happen, for obvious reasons). There is NO indication, which will increase significantly first - notice we didn't say RV or Revalue - we said, "significant rate increase"...there's a small chance of an increase by July 17th. Small. In our estimation, the rate movements, really physically begin after Aug. 14th, (BIG Political Change in Iraq around this date), and do some amazing things through the end of SEPTEMBER, that nobody right now, sees coming. You gotta wait a little longer, but it will go fast and furious from here on out. This is NOT a GCR - that animal does not exist, as depicted...certain countries ARE re-booting, such as the U.K., for instance...and more. As we've stated many times, we Love Iraq & Vietnam, especially Right Now...nobody else. We've been saying now, for 5 months, that SEPTEMBER is the "3rd & FINAL Period".
6-29-2016 Newshound Guru Dr. Clarke Article quote: "The recently-introduced flexible exchange-rate mechanism is a commendable development. Permitting greater exchange-rate flexibility and strengthening monetary policy instruments, while moving gradually towards using inflation as the nominal anchor for monetary policy, will allow Vietnam to safeguard macroeconomic stability while buffering external shocks." Dong holders, should be smiling Big right now, after yesterday's report from the IMF...Especially this part of the article, which we've been saying for 4 months...that they will probably increase the rate slowly, gradually at first, then it will explode higher...
6-29-2016 Intel Guru Frank26 In fact I have even hinted to you that Article 8 has been ripped up to the point where it doesn’t even exist anymore…we are going to get the loans under the SBA...IMO...if they get these loans...within the next two or three weeks...under the SBA program...then Article 8 is gone...it would be vaporized...there are so many dominoes that are going to be knocked over and knocking over other dominoes...but you can’t knock them down just yet...because not all of them will fall down at once...this has to be done all at once...and it is...coming into that venturi effect. [post 2 of 2]
6-29-2016 Intel Guru Frank26 Article quote: ”The Intent of the USA After the Resolution of the Battle for Fallujah is to Provide Advice and Information to the Iraqi Government to Implement the Measures for the Financial Reforms in the CBI”...how juicy is that...that is exactly what we want to hear…that is exactly what they said they would do...that is exactly what is in the LOI...they are compliant…and all the evidence...all the evidence that is fossilized...is right in front of our eyes…they have done everything to be compliant with Article 8... [post 1 of 2....stay tuned]
6-29-2016 Newshound Guru firefly Press Release: "IMF Executive Board Concludes 2016 Article IV Consultation with Vietnam" Quote: "On June 17, the Executive Board of the International Monetary Fund (IMF) concluded the 2016 Article IV consultation1 with Vietnam. Vietnam’s economy has experienced solid growth with low inflation, reflecting policy attention to maintaining macroeconomic stability. Economic performance was robust through most of 2015..." A mirror image of what Iraq is going through with the IMF.
6-29-2016 Newshound Guru Adam Montana Today we are almost through [Ramadan], and I can't stress enough how happy that makes me. I'm READY! I mentioned earlier this week that I'm hearing some good things are coming our way... it's the oil. It's all about the oil - always has been, always will be when it comes to Iraq. I've mentioned many times in the past that I expect the HCL and the RV to be tied very closely to a rising cost in oil (it's incredibly low right now, but steadily climbing back up to where it should be. Oil Price: $80 a Barrel Is On Its Way, Says Analyst Published in Oil Industry News on Wednesday, 22 June. I hate to root for higher costs on anything, but anyone with a basic understanding of economics knows that sometimes lower prices are not good. In our case, it's reasonable to believe higher prices on oil will get us to the finish line. I have a feeling things are going to start picking up VERY soon.
6-29-2016 Newshound Guru rcookie Article: "Cabinet restricts import, export and buy the currency registered with the trade companies" Quote: "The Cabinet decided on Tuesday, limit import and export process as the companies registered with the Ministry of Commerce, and the establishment of companies "solidarity" Alkmarki holds the clearance process, while select the first of next July as the date for implementation." ...IT IS AMAZING! ...THE ENTITY TO HANDLE IMPORT/ EXPORT OVERSIGHT AND CURRENCY REQUIREMENTS FOR TRADE NEEDS IS LAUNCHING JULY 1ST...!
6-29-2016 Newshound Guru Dr. Clarke Iraq needs some more time...ISIS is still active, even though they're being driven out of Iraq...Mosul is NOT done yet...Mosul is NOT the last straw for the rate to be increased in Iraq, although it is important. They can actually do it before...Mosul is announced as done... the owners of Iraq (metaphorically) will decide, right on time...and it's Really close to that time, but now quite yet. We say late SEPTEMBER, and maybe mid July...
6-29-2016 Intel Guru Bruce WE ARE AT A POINT FOR A FEW MONTHS I AM SEEING STEADY BUT SLOW PROGRESS IN THE DIRECTION WE WANT IT TO GO...NOT CONCERNED WITH THE TIMING, I KNOW IT COMING AND APPROX. WHEN IT IS COMING. WE ARE IN A VERY GOOD PLACE.
6-29-2016 Newshound Guru Breitling So how do we know they are not going to just take the 3 zeros off the currency and do a lop? Because if they were going to do that they don’t need to reduce the note count do they? And that’s physically getting rid of notes. And them reporting it…telling people, ‘hey we’re down to 4 billion notes.’ Not dinars…NOTES. Remember one note can represent 25 thousand dinar. No one knows that exact combination because we don’t know the exact number of denomination that are out there. That’s how you know. The day they actually had a report of where they reduced the note count…that was the end of the debate. Be happy you didn’t fall for the trap. Don’t give your dinar to anybody. Don’t give your US dollars to anybody. For any reason at all… [Part 4 of 4]
6-29-2016 Intel Guru DELTA URGENT FROM IRAQIA TV: PM ABADI PLANS TO OPEN PROSPECT FOR INVESTMENT AND SOLVE THE ECONOMIC AND FINANCIAL PROBLEM IN THE COUNTRY AFTER EID AL-FITER.
6-29-2016 Newshound Guru wmawhite [THE WORLDS BANK ANNOUNCEMENT TODAY OF IRAQ ECONOMIC GROWTH PROJECTION NUMBERS OF 4.35 FOR 2016....AND 5.6% IN 2017.] TOTALLY...WOW...IRAQ ECONOMIC GROWTH PROJECTION NUMBERS OF 4.35 FOR 2016...AND 5.6% IN 2017. What does the World Bank know? What do they see coming inside Iraq for Iraq to grow at that rate? Again...what does the World Bank know?
6-28-2016 Newshound Guru Mountainman As The "GLOBAL TRANSITION" to their NEW VALUES and DIGITAL IMPLEMENTATION is Not far Away...per the DIGITAL PLATFORM scheduled for it's LAUNCH...on September 2, 2016...The TIMELINE of the BREXIT forward would Set in Motion for A "DOMINO EFFECT"...The Emerging Countries like INDONESIA,VIETNAM, IRAQ, and Many Others are READY...The TRADE DEALS were necessary to Create A "FLOW of REVENUE".
6-28-2016 Newshound Guru Millionday IMF FORMAL ARRANGEMENT: "The Iraqi authorities and the staff of the International Monetary Fund (IMF) have reached a staff-level agreement on a request for a 36-month Stand-By Arrangement (SBA)" THIS DECISION TELLS US THAT THE IMF AGREEMENT TO INITIATE IS COMPLETE...
6-28-2016 Newshound Guru wmawhite Article: "The agreement with al-Abadi to open financial accounts to the provinces to complement the transfer of powers" This is truly a FIRST in the history of Iraq...the central government giving up their most important asset...its MONEY...giving it to the provinces! Folks...this is true REFORM.
6-28-2016 Newshound Guru tlm724 Articles: "Sabri: a meeting with the delegation of the Kurdish Abadi is a positive step to resolve the dispute between Kurdistan and the center" "Jubouri looking with Kurdish parties to complete the parliamentary work" Quote: "that the Kurdish delegation presented a project for dialogue to solve the problems outstanding between the federal government and the government of Iraqi Kurdistan." *mission* tis a great thing and if they can come to an agreement then we should see the HCL passed too! ...not only are these Kurdish blocs negotiating with the Abadi but with Jabber [Jubouri] too! It is way past time for this to happen and move the reform forward and get some laws passed!
6-28-2016 Newshound Guru rcookie [Will Parliament get everything done before the end of the month?] ...WITH THE COMMITTEE WORK THAT HAS BEEN ONGOING DURING THIS FIASCO...THE LAWS ARE CUED AND WAITING...AND THE URGENCY IS THROUGH THE ROOF!!...BUT IMO YES.
6-28-2016 Newshound Guru wmawhite Article: "The central bank pulls a vacation of two companies, one to sell the dollar, "betrayed the trust" WOW...how times have changed...it has not been too long ago when you could steal from the CBI, and the GOI and get away with it. But not now! ...today under the leadership of Prime Minister Abadi the CBI is pouncing on the corrupt...Now, you are out the door, out of business and in prison. Times have changed. Remember in Davos, PM Abadi to the world that Iraq would join them on THEIR stage, economic stage...to do this he had to clean house
6-28-2016 Newshound Guru rcookie Article quotes: "House of Representatives confirmed the decision MP Imad Youkhana, Tuesday, that the Federal Court's decision restored the situation to what it was previously. "...the House of Representatives of the protesters to respect the decision of the Federal Court judge declared unconstitutional two sessions of the House of Representatives..." SO...THE FEDERAL COURTS RULE BOTH SESSIONS TO BE INVALID (UNCONSTITUTIONAL) AND RESTORE PARLIAMENT TO ITS PREVIOUS STATE...BACK TO WORK! NEW LEGISLATURE SESSION AFTER HOLIDAY.
6-28-2016 Newshound Guru Millionday Article quote: "...we expect this agreement to fruition in improving the quality and equity in the educational system and that of the European Union an important impact on the development of Iraq, especially after the signing of the partnership agreement and cooperation in 2012, which aimed to strengthen relations between the two sides and to achieve the integration of Iraq into the global economy." UNDERSTAND THAT THIS IS ONE OF THE STEPS THAT WE WERE TO SEE AT THE TIME OF IRAQ'S INTEGRATION INTO THE GLOBAL ECONOMY -- WHOOOPOW. THIS IS EXPECTED WITHIN THE BUDGET AS THEY APPLY THE NEW EDUCATION SYSTEM. THIS WAS A HUGE ANNOUNCEMENT IN EU TO EXPLAIN HOW THEY COME INTO PLAY AND WHAT TO EXPECT -- SO OBVIOUSLY THIS WILL BRING IN HUGE INVESTORS AND MARKET GROWTH AND TRADE AGREEMENTS THEY ARE EXPECTING TO MAKE. OBVIOUSLY THIS IS HUGE...MILITARY IS SUCCESSFUL AND AS WE SEE AGREEMENT NOT JUST MADE BUT SIGNED FINALLY WITH EU -- AND VERY INTERESTING TIMING...
6-28-2016 Newshound Guru tlm724 Article: "Engineer confirms that the victory of Fallujah has only achieved through concerted efforts of all Iraqis" *hallelujah* thank God they were able to achieve this and it will give them the confidence to march on to Mosul and take their country back!
6-28-2016 Newshound Guru Breitling Question cont. “They are telling me…3 zeros will be deleted from the dinar and my 25K note will only be worth 25 dinar. They are saying there is no way Iraq can pay 3 plus to exchange notes being held around the world, can this be? “ Well no. They are NOT going to PAY for it…it’s an exchange. And it’s not an exchange from Iraq…it’s an exchange from the banks from wherever you’re at. Iraq doesn’t have to pay for it. It’s an exchange. It’s a swap. And so it’s not going to be $3 it’s going to go up to $1.17 but later on the road it could be $3 but you and I don’t know how long we can sit on the notes that we have. So again what they are talking about is LOP. So basically they are using the same scam…look they are going to lop the 3 zeros off that currency unless you’re part of the bank through our private bank account so all your money goes to one person’s bank account you’re pretty much up the creak…what are you going to do get a lawyer? [Part 3 of 4 Stay tuned for the rest of the story…]
6-28-2016 Newshound Guru Kaperoni Article quote: "Abadi instructed Prime Minister based on the recommendations of the meetings and workshop industrial sector reform of urgency enactment of laws contribute to the development of the sector...and the expert that these laws need to activate and if achieved, will go to immediate execution..." I like that...pass those banking laws so they can be applied! this a real moral booster. If and when the laws pass, it sounds like they won't waste any time putting them in place to begin the transition and opening of the banking system. Very good news indeed.
6-28-2016 Newshound Guru rcookie Article: "Baghdad...began to Iraqi ports, on Saturday, the work schedule of the new revenues and wages." HERE IS THE OFFICIAL ANNOUNCEMENT IN INK OF THE ACTIVATION OF THE NEWLY INCREASED TARIFF RATES ON SELECT GOODS WHICH WAS ORIGINALLY SLATED FOR EARLIER IN MONTH AND THEN DELAYED UNTIL 25TH...HERE IN INK...THEY DID EXACTLY...REPEAT EXACTLY AS THEY SAID THEY WOULD... ADDITIONALLY...PLEASE NOTE THAT THE 2010 CUSTOMS TARIFFS HAVE BEEN IN EFFECT AND ACTIVATED SINCE JANUARY AT ALL APPLICABLE BORDER POINTS WHERE SECURITY STATUS ALLOWS...
6-27-2016 Newshound Guru Backdoc ALTHOUGH THE BREXIT IS NOT DIRECTLY A PART OF THE MONETARY REFORM [GLOBAL MONETARY REFORM] ITS STRUCTURAL IMPLICATIONS HAVE A MAJOR IMPACT ON COUNTRIES AND THEIR CURRENCY MARKETS AND THE TIMING OF WHEN THE PROCESS PLAYS OUT! THE BREXIT WAS SO SIGNIFICANT THAT TAXES AND TARIFFS IN IRAQ WERE DELAYED FROM THE 15TH TO THE 25TH. WHY? WHAT BETTER WAY TO HIDE A GLOBAL CURRENCY LAUNCH BUT BY ANOTHER CRISIS? BRILLIANT! TODAY THE B.I.S. WARNS OF CURRENCY DESTABILIZATION GLOBALLY. IT SEEMS THINGS ARE STARTING TO GET CRAZY AS THE CENTRAL BANKS ARE BEGINNING TO LOSE CONTROL! SEEMS TO ME THIS WOULD BE THE RIGHT TIME FOR VIETNAM AND IRAQ TO UNLOAD THEIR OVERVALUED DOLLARS AND LAUNCH THEIR OWN CURRENCY NOW.
6-27-2016 Newshound Guru Millionday Article quote: "...there are steps and procedures currently conducted in coordination between the Ministry of planning and the World Bank to prepare a new strategy to alleviate poverty..." FINALLY A CALL FOR THE REMOVAL OF POVERTY -- HOW LONG WE HAVE WAITED FOR THAT... THE PLAN THAT IS NOW IN EFFECT OR BEING PLACED IN EFFECT IS THE JOINING OF THE MINISTER OF PLANNING -- WORLD BANK -- AND OF COURSE THE REFORMS ETC -- WE MUST NOT FORGET THE GOV PROGRAMS EITHER -- HUGE... AS WE KNOW THE OPENING OF THE BUDGET AND ALSO THE LOANS FROM INTERNATIONAL FUNDS -- IMF--WORLD BANK AND GRANTS -- ALONG WITH INVESTORS IN HOUSING AND INFRASTRUCTURE WILL BE HUGE FOR LIQUID ASSETS AND CASH ON THE STREETS -- WHOOOPOW.
6-27-2016 Newshound Guru Stryker Article Quote: "the transfer of financial and administrative powers of the federal ministries to local governments" Abadi agreed to open financial accounts to the provinces in the process of transfer of powers from the ministries...Now we see the transfer of administrative and financial powers to the provinces! The facts just keep getting better...
6-27-2016 Newshound Guru rcookie Article quote: "...Abadi said of Fallujah on Sunday, the liberation of the city from the control of the organization "Daash" fully, and with the Iraqi flag..." THERE IS NOTHING SHORT OF REMARKABLE PROCESS ON THE SECURITY FRONT...FROM ALL ANGLES...AND WHAT WE HAVE BEEN WAITING FOR ANNOUNCED TODAY...SO EVEN THOUGH WE HAVE HAD REPORTS SINCE BEGINNING OF WEEK AND LAST FRIDAYS TELEVISION ADDRESSMENT TO THE PEOPLE...HERE ABADI IS OFFICIALLY RAISING THE IRAQI FLAG OVER CENTER FALLUJAH AND OFFICIALLY ANNOUNCING FULL LIBERATION STATUS AND CALLED CITIZENS OF FALLUJAH TO TAKE TO THE STREETS IN CELEBRATION...
6-27-2016 Newshound Guru Breitling …Whether it revalues from the government or their little private group they’ll never see it [dinar] again. This is the exact same definition that I’ve been hearing for the last 3 or 4 years…”you’re the chosen ones so don’t talk about it.” The title of the email [from Grandma] was “please calm fears.” You have nothing to fear…you still have your currency…they don’t. There is no such thing as a private exchange and they’re is no public exchange? How does that work? Does anyone want to tell me how that works?…so a couple private groups get to exchange their currency but no one else on the planet does, huh? [Part 2 of 4 Stay tuned for the rest of the story…]
6-27-2016 Newshound Guru Adam Montana Ramadan is over July 5ish, and I'm excited to see what's coming. I have had a few interesting and promising tips come through reliable sources in the last week...If all is going according to plan, things could get verrrry fun in the next month!
6-27-2016 Newshound Guru rcookie SALEH MADE COMMENT IN SEPARATE INTERVIEW TODAY THAT “THIS MOVE WILL STRENGTHEN BRIDGES OF TRUST BETWEEN GOI AND PRIVATE SECTOR AND ACTIVATE THE ECONOMIC CYCLE” THERE WILL BE IMMEDIATE CONFIDENCE AND RETURNS IN GETTING ARREARS TOWARDS THESE PROJECTS PAID! COMPREHENSIVE ENGAGEMENT TO DRIVE ECONOMIC REALITY...AND ALL...ONCE AGAIN COMPLETELY APPROPRIATED IN THE 100% EXECUTABLE 2016 BUDGET. [post 2 of 2]
6-27-2016 Newshound Guru rcookie Article quote: "The head of the Business Council, that "the implementation of this mechanism began as of today, by sending Treasury bills of exchange to the central bank, and prepared in advance by the Ministry of Planning ,"... HERE WE SEE THE BONDS FOR CONTRACTORS GOING OUT TO PROVINCES FOR STALLED PROJECTS AND DUES OWED CONTRACTORS... THIS SHOULD ENGAGE SOME OF THE ACTION FOR COMPLETION OF...STALLED PROJECTS AND INCENTIVIZE MORE CONFIDENCE AND ACTIVITY IN THE INVESTMENT PROCESS...AMAZING HOW MUCH THE $$$$ ACTS AS AN INCENTIVE AND DRIVER... [post 1 of 2....stay tuned]
6-27-2016 Newshound Guru firefly Article quote: "...the Emir of Kuwait cables congratulatory telegram to the infallible and Abadi... He expressed that "security and stability prevail in all parts of brotherly Iraq and achieve for his people all looking forward to the advancement and progress and prosperity." They announced yesterday the Iraqi government fully liberalized the city of Fallujah from terrorists Daash gangs and it plans to go to liberate the city of Mosul in northern Iraq.
6-27-2016 Newshound Guru mike Article quotes: "...the federal court decisions on the legality of the two sessions of Parliament in April are binding and not the degree of appeal.."We hope that the court will issue its final decision on 28 of this month..." ...this is a big article. For those of us in the dinar community, we were following the news that day when the Reform Front tried to hijack Parliament and install their own Speaker and everyone knows they didn't have quorum. So now we sit and wait and hope that the hardline Shia don't control the Federal Courts, the courts ruling concerning Jabouri's legitimacy will tell us who's running the show in Iraq. If Jabouri is removed, we know the hard line Shia are still running things, if not, then Abadi's reforms might have a chance.
6-27-2016 Newshound Guru Breitling Question: “ I’m a grandmother that purchased dinar back in March 2013. I’ve been under the impression that when the currency revalues that I can take it to the bank, exchange it for dollars at a higher rate and live happily ever after. In the last few months several of my friends have been telling me that there will be no public exchanges but that you have to be in a private group with a contract to exchange. These friends have surrendered all of their dinar to a group back in January… They’re still waiting for their funds from the dinar…” Yeah, imagine that…I’m not trying to be a smarty pants but …you know what? They’re wrong and they’re in deep trouble cause they’ll never see that dinar again. [Part 1 of 4 Stay tuned for the rest of the story…]
6-27-2016 Newshound Guru chattels The parliamentary recess ends on June 30th. July 1st is a Friday, Holy Day, and the 2nd is their weekend. So, maybe Parliament can reconvene on the 3rd, but there are only four (4) days until the Eid Festival, July 7 - 9. We hope for a " positive " Federal Court decision on the 28th regarding the legitimacy of the parliamentary leadership. Or perhaps more importantly some " healing " between the political factions no matter the decision by the court. I do not expect a sudden and inclusive legislative action on the important laws. I note that the " hype " regarding the near certainty of movement in the value of the IQD in the first half of 2016 has abated. Probably because there are only five (5) days left until the second half of 2016. I encourage each of you as I encourage myself ...we will finish this " race". The " turtle" wins and not the " hare". Godspeed the completion of the Iraqi banking sector reform project.
6-27-2016 Newshound Guru Millionday Article quote: "Iraqi forces recaptured the last district held by Islamic State militants in the city of Falluja on Sunday and the general commanding the operation declared the battle complete after nearly five weeks of fighting." THE ANNOUNCEMENT OF SUCCESS AND THE WIN OF THE BATTLE WITH TERRORISTS IN FALLUJA WAS MADE TODAY! AN ANNOUNCEMENT WAS MADE LAST WEEK OF VICTORY BUT IT WAS NOT COMPLETE -- TODAY FROM THE BATTLE WAS ANNOUNCED THAT VICTORY WAS ACHIEVED... THE SUCCESS FROM TODAY IS A PART OF THE WHOLE ATTACK ON THE TAKE OVER OF MOSUL THAT HAS GONE ON TOO LONG. THIS SUCCESS IS A VERY LARGE PORTION OF THE PLAN -- PROGRESS/SUCCESS. THE FLAG IS FLYING HIGH...GREAT NEWS ==WHOOOPOW.
6-26-2016 Intel/Newshound Guru Poppy3 we are closing in on our reward for years of waiting for IRAQ to get their act together. IT surely appears they have positioned themselves to enter the world or global economy.
6-26-2016 Newshound Guru mike Article: "Khawla al-Asadi" The new Director of the Rafidain Bank officially takes over" This is good stuff and long overdue. Hopefully, Abadi will now turn his eyes to the 1,000 other proxy positions. If Parliament can't work together to approve Abadi's appointments, he should just start replacing the whole lot and not wait for Parliament to get it's act together.
6-26-2016 Newshound Guru Millionday Article quote: "...General Secretariat of the Council of Ministers a joint workshop in coordination with government departments in order to activate the work of standardization and control devices mechanisms in line with international standards..." THIS REPORT IS ALL ABOUT THE US SETTING UP STANDARDS FOR TRADE...TO UNIFY TAXES -- TARIFF AND ALL INTERNATIONAL STANDARDS WITH US AND IRAQ...THIS IS THE MEETING TO ACTIVATE ALL INTERNATIONAL TRADE COMPLIANCE WITH THE US -- HOWEVER THIS OF COURSE UNIFIES WITH MORE THAN US DUE TO COMPLIANCE ISSUES... CUSTOMS AND PRODUCT CONTROL ETC...IS ONLY NEEDED TO OPEN TO GLOBAL TRADE OR I SHOULD SAY A FREE MARKET -- IMO.
6-26-2016 Newshound Guru tlm724 Article: "Ports start working to apply the new tariff revenue and wages" Quote: "...the new tariff rose slightly in some vocabulary also included regulatory actions to facilitate the work of companies..." *hallelujah* finally getting it together! Very Happy.
6-26-2016 Newshound Guru chattels Last week, Iraqi forces raised their flag above a government complex in central Fallujah and declared victory, saying 80 percent of Fallujah was under their control. It was some much-needed positive news for al-Abadi amid growing anti-government protests and civil unrest in Baghdad. But nearly a week later, Iraq appears to have only a fragile hold on the territory its forces claim to have liberated. The U.S.-led coalition, which has been conducting airstrikes in the offensive, said Tuesday that only a third of Fallujah can be described as "cleared," while other territory remains contested.
6-26-2016 Newshound Guru rcookie Article: "Start new schedule returns and wages in ports" Quote: "...the new tariff has seen a slight increase in some of its vocabulary are also included to facilitate the work of companies that ships Taom ships Iraqi ports regulatory measures." WE'VE BEEN...TELLING YOU OF THE CUSTOMS TARIFFS STATUS...AND HERE IT IS IN INK...THE NEWLY REVISED... SLIGHTLY INCREASED RATES ON SELECT GOODS ARE NOW ACTIVATED AND BEING COLLECTED.
6-26-2016 Newshound Guru wmawhite [...sba has nothing to do with the rv?...so why are we expecting a value change at this time?] We are expecting a value change...NOT because of the sba loans...it has nothing to do with when the CBI along with the GOI decide to move forward with the IQD...these loans are a budget issue...they, the loans, are not a currency value issue which is the CBI. [...what is the issue that is causing the value change?] if you start buying 90% of your goods on the international market and you have to pay over of 1,000 times more for those goods...would you do so? ...would you make some changes to what you are buying with? [of course.] well then, you understand why they will change the value of the IQD...
6-26-2016 Newshound Guru Breitling Question: "What effect does the Brexit have on the dinar world and our investment? " The UK leaving the European Union has a lot to do with everything. If you’re an American it’s fantastic news. …How is Iraq going to add value to their currency? What do they keep reporting that says hey you need to take our currency seriously? Because what? They’re reducing the note count…supply times velocity… It means the biggest threat to the US dollar for competition wise was just crushed…the Euro-The European Union. How does that impact the currency that we’re invested in in Iraq? Iraq is all in for the US dollar. It is backed 100% by the US dollar. They believe in the US dollar. Their economy is built on the US dollar and the representation of that will be the dinar. What a remarkable thing that is.
6-26-2016 Newshound Guru Millionday Article quote: "...Washington announced its intention to host a conference of donor countries to support Iraq in the twentieth of next July..." WASHINGTON IS HOLDING A FUNDING CONFERENCE TO GET MONEY FROM ALL COUNTRIES TO FUND THE REPAIR THE WAR CAUSED THROUGH THE DISPLACED THE MANY PEOPLE THAT NEED TO GO HOME AND NEED ELECTRICITY FOOD ETC. THIS IS ALL ABOUT IRAQ BEING BROUGHT BACK TO STABILITY IN A HUGE HURRY. THIS IS A MEETING (ANOTHER) THAT IS TO BRING IRAQ BACK FROM ALL DAMAGE AND ALSO FROM ISSUES THAT IMPACT THEIR MONEY--VALUE--RETURN ETC. THIS IS WHAT I AM SO VERY EXCITED ABOUT. WE ARE SEEING MANY MEETINGS ABOUT IRAQ' RETURN. ...I HAVE TO SAY -- THIS IS FANTASTIC NEWS... WHOOOPOW.
6-26-2016 Newshound/Intel Guru Arthur I HAVE CONTINUED MY CONVERSATIONS WITH ALL THE CONTACTS I HAVE THAT HAVE ANY REAL KNOWLEDGE ABOUT THE BREXIT SITUATION BOTH HERE IN THE US AND IN BRITAIN. I...THINK THIS HAS DISCERNIBLE IMPLICATIONS FOR OUR INVESTMENT. THE UNPREDICTABILITY AND UNCERTAINTY OF THIS EVENT HAS NO DOUBT CAUSED A DISCERNABLE RIPPLE IN THE PTB'S PLANNING AND TIMETABLE. ANY THOUGHTS OF FURTHER DELAYING THE RV ON SOME HERETOFORE SELF-SUITABLE TIMING HAS WENT OUT THE WINDOW. IMO WE ARE NOW GONNA SEE SOME REAL SERIOUS MOVEMENT TO GET THE GLOBAL REVALUATIONS STARTED IN EARNEST WITHIN THE NEXT 30 TO 90 DAYS.
6-26-2016 Newshound Guru rcookie SO...STATE OF LAW MP JAAFAR ASSERTS THAT THE ABADI REFORM PLAN WILL BE IMPLEMENTED AFTER EID AND NOTED... ”HE WILL WORK TO OPEN THE PROSPECTS FOR INVESTMENT AND SOLVING THE ECONOMIC & FINANCIAL PROBLEMS IN THE COUNTRY”...NUF SAID...[All coming together quickly...] AGREED ...AND AT LIGHTNING SPEED!!.
6-26-2016 Newshound Guru mike Article: "Khawla al-Asadi" The new Director of the Rafidain Bank officially takes over" This is good stuff and long overdue. Hopefully, Abadi will now turn his eyes to the 1,000 other proxy positions. If Parliament can't work together to approve Abadi's appointments, he should just start replacing the whole lot and not wait for Parliament to get it's act together.
6-25-2016 Newshound Guru Mountainman [I keep hearing about the Taxes and Tarrifs...Could someone please explain the significance of why it is a good thing if they did come out?] It Means that IRAQ has to have A NEW RATE to be Used on the PRICING of their PRODUCTS for GLOBAL TRADE and because They were at A Program Rate of 1166 = about 8/10th's of a USA PENNY...There (MUST) be A Change and the World Trade Organization would have Already {KNOWN} and has Given them = IRAQ, their International Codes used in the UNIVERSAL COMMERCIAL CODES/SWIFT as well for GLOBAL TRADE.
6-25-2016 Newshound Guru mike Article: "No justification to the Federal Court to delay the resolution of the legitimacy of the parliament sessions" This just blows me away, how are they still trying to figure this out? Parliament was in chaos that day, by all accounts, there was never enough MP's to achieve quorum but here we are, still arguing about it. Iraq hasn't achieved Parliamentary quorum since April, that's over two months now and if they don't get this deal straightened out by the end of Ramadan, Parliament will continue with the dysfunction. At some point, Abadi has got to start acting like the PM and get the judicial and legislative branches of his government on track. All you have to do to create political paralysis in Iraq is create a bogus complaint and present it to the crooked judicial system and all progress stops dead in its tracks. There are many who are opposed to Abadi's plans regarding the reforms and so far, those opposed are winning the battle. Your move Abadi.
6-25-2016 Newshound Guru rcookie IN ADDITION TO THE PERFORMANCE REVIEWS THAT IRAQ GOES THROUGH TOWARD THEIR SMP PERFORMANCE AND GOALS...REMEMBER WHAT OTHER REVIEW THEY PARTICIPATE IN AND THE INTERVAL...Article IV Consultation...Iraq is on the standard 12-month consultation cycle. The last Article IV consultation was concluded on July 29, 2015...SO WHAT DOES THIS TELL US...IF THE SMP THAT QUALIFIED THEM TO RECEIVE THIS 18 BILLION SBA ENDS IN 2016... [IS THIS THEIR LAST ONE?] TELL EM WHAT HES WON JOHNNNY! THINK OF IRAQ AS HAVING GONE AND GRADUATED FROM UNDERGRAD SCHOOL...GONE ON AND GOTTEN THEIR MASTERS...WENT FURTHER AND EARNED THEIR PHD...AND NOW HAVE TO GO OUT INTO THE GLOBAL MARKET AND APPLY WHAT THEY HAVE LEARNED! [post 2 of 2]
6-25-2016 Newshound Guru rcookie OK...THERE HAVE BEEN A LOT OF QUESTIONS...DISCUSSION AND RUMORS CONCERNING IRAQ POSITIONING IN EARNING AND RECEIVING ACCESS TO THEIR IMF SBA LOAN UMBRELLA...OFF OF THEIR IMPECCABLE PERFORMANCE IN THEIR SMP (STAFF MONITORED PROGRAM) THAT STARTED IN JAN 2015...AND RUNS THROUGH DEC 2016...REVIEWS ARE WHAT WE MEASURE AND WEIGH IRAQS PERFORMANCE AGAINST TASK IN THEIR SMP...THE SCRUTINY THEY HAVE BEEN UNDER IN MORPHING THIS NATION...CULTURE...AND ECONOMY SINCE 2004 IS STUNNING! SCRUTINY AND GUIDANCE AND TECHNICAL ASSISTANCE FROM WTO...IMF...WB...UN... SIMPLY AMAZING...AND WE ARE ALL FORTUNATE TO BE TAKING THE RIDE WITH THEM! [post 1 of 2....stay tuned]
6-25-2016 Newshound Guru firefly Like I said, June will be a VERY interesting month ... (or did I say "a very hot month).
6-25-2016 Newshound Guru rcookie Article: "Parliament will hold its sessions before the feast of the Federal Court and got to separate appeal at its" NATIONAL ALLIANCE MP ZAIDI ANNOUNCES THE HOR WILL RESUME AT END OF LEGISLATIVE RECESS (JULY 1ST) BEFORE EID HOLIDAY...AND OUTLINES THE FEDERAL COURT RULING ON 2 SESSIONS SUBMITTED SUNDAY BY COURT PREPARER... AND RULED ON TUESDAY...FOLKS THIS IS GOING TO GO DOWN IN THE NEXT 4 DAYS...WITH THE DIRE NEED OF PARLIAMENT TO BE RE-ENGAGED TO GET VOTING ON WHAT THE IMF WANTS DONE TO GET THE SBA LOANS...PUBLIC FINANCIAL MANAGEMENT LAW...REVISED 2016 BUDGET LAW...CBI LAW... INVESTMENT LAW AMENDED...AND BANKING LAW... [No voting...no loans...] NO SOUP FOR YOU! [SO THEY COME BACK ON THE 1ST AND VOTE?] THATS WHAT THE MAN SAID.
6-25-2016 Newshound Guru Millionday Press release quote: "...the Iraqi Foreign Affairs Ministry, said, “Iraqi Foreign Affairs Minister Ibrahim al-Jaafari received the US Ambassador to Baghdad Stuart Jones today. During the meeting they discussed about the bilateral relations between Baghdad and Washington, the latest security and political updates and the war against ISIS." THEY INTEND TO KEEP EVERYTHING SECURE AND ARE VERY HAPPY IN THE SUCCESS AND PROGRESS -- EXACTLY WHAT WE WANT TO SEE ALONG WITH EVERYONE ELSE. LOVE IT WITH THE CBI ADVISOR BEING SO HAPPY TOO – WHOOOPOW...SO THIS IS GREAT NEWS EVERY WAY YOU LOOK AT IT.
6-24-2016 Newshound Guru chattels Article quote: "...the Kurdish bloc put conditions on Abadi's program, including giving the government three months to agree to Kurdish demands." Abadi is not close to performing according to the "platform" and political agreement that put him in office as a compromise choice. The Kurds and the Sunni have been complaining for sometime that Abadi is not conforming/performing according to the political agreement. To my knowledge none of the Kurdish conditions have been addressed by Abadi, which is why I have stated...that the Kurds ARE NOT HAPPY...Nor are the Sunni.
6-24-2016 Newshound Guru rcookie A RETURN TO PARL IS NECESSARY TO VOTE ON THE LAWS AND INITIATIVES CUED UP AND AWAITING...THE MOST IMPORTANT SHORT TERM IS TO VOTE ON 2016 BUDGET LAW SO THE SBA LOAN MONEY IS ACCESSED AND DISBURSED...
6-24-2016 Newshound Guru rcookie Article: "Document" Finance Minister issued a ministerial order appointing directors of the Rafidain and Rasheed" SO...WE HAVE NEW DIRECTORS OF RAFIDAIN AND RASHEED BANKS APPOINTED BY MoF ZEBARI...REMEMBER...ABADI JUST CLEANED HOUSE LAST WEEK...BUT WHY IS ZEBARI ANNOUNCING THE NEW DIRECTORS...WHO OWNS RAFIDAIN AND RASHEED BANKS...THE MINISTRY OF FINANCE. I THINK THEY ARE BEING POLISHED AND STAGED FOR A REVEAL.
6-24-2016 Newshound Guru firefly Article: "Doaash in Mosul surrendered to security forces" Love it!
6-24-2016 Newshound Guru rcookie THE 2010 CUSTOMS AND TARRIFFS HAVE BEEN AND ARE AT HIS VERY MOMENT ACTIVATED AND BEING COLLECTED...WHAT WAS DELAYED WAS THE NEW INCREASES TO CERTAIN GOODS CHANNELS..
6-24-2016 Newshound Guru wmawhite Article: "Iraqi trade talks with Citibank to develop relations" Quote: "...exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world)..." here is a review of earlier news: THE REPORT THE OTHER DAY ON EU LINED UP FOR BASRA AND NOW... Article: "Baghdad confirmed its success in attracting international companies to implement investment projects..." Combine this with such news as the Citibank/TBI talks and the Bahrain Bank buying up additional shares of the TBI. If this doesn't get you excited...then...call 911!
6-24-2016 Newshound Guru Bluwolf Britain is in the RV basket, it's currency will lose some value and that is supposed to happen. What that tells all that it's RV is a go. The US dollar will go up high and the price of gold and silver will go down, another sign of the RV...and it won't be long now...
6-24-2016 Newshound Guru firefly My thoughts are that the IMF and IRAQ completed their agreements that IMO would bring us what we have been waiting for...Remember...NOBODY knows the date...But...IMO...Something HAS to give and FAST!
6-24-2016 Newshound Guru Aggiedad77 Article: "Parliamentary investment: international loan will need to be Iraq's compulsory international economic conditions and standards" Quote: "borrowing from the International Monetary Fund makes Iraq mandatory international standards and is committed to the conditions" IMF loans paving way here it seems for Iraqi inclusion with international standards... Rest assured that the IMF does nothing on a lark...they are like a bank...they want a return on their investment...these loans they make to Iraq...they know they must hold "junior's" hand...March to the IMF tune they will if they expect to get these loans...march into the implementation of international standards...the BEST is yet to come...soon.
6-24-2016 Intel Guru SteveI ...our investment...is approaching the final stages of completion.
6-24-2016 Newshound Guru rcookie Article: "BAGHDAD SECRETARIAT CONFIRMS THEIR SUCCESS IN ATTRACTING INTERNATIONAL COMPANIES TO IMPLEMENT INVEST PROJECTS IN IRAQS CAPITAL..." SO FROM PLANNING AND PREPARATION TO OPERATIONAL ACTIVATION...THEY OUTLINE SOME OF THE PROJECTS AS 5 STORY MALL WHICH WILL INCLUDE SHOPS... RESTAURANTS...WEDDING FACILITIES...WITH 44 ACRES IN ADDITION TO SHOPPING MALL RECREATION CENTER WITH SWIMMING POOLS...SCHOOLS... AND RESIDENTIAL HOUSING FTO ACCOMMODATE 336 HOUSING UNITS...JUST 1 OF MANY INDICATIONS OF PRIVATE SECTOR AND INTERNATIONAL COMPANIES ENGAGING EARLY IN IRAQS ENTRANCE TO GLOBAL ECONOMY. THEY ARE NO LONGER FIXIN TO ATTRACT INT'L COMPANIES...IN INK THEY ARE FULL ON GETTING IT DONE!
6-24-2016 Newshound Guru rcookie Article: "Exchange Rates and External Adjustment Swiss National Bank, International Monetary Fund, and IMF Economic Review" Quote: "Zurich, June 24-25 2016 The Swiss National Bank (SNB), the International Monetary Fund (IMF) and the IMF Economic Review are organizing a joint conference on "Exchange Rates and External Adjustment". A LITTLE ANNOUNCEMENT FROM IMF...ANNOUNCING THIS CONFERENCE...SO SWISS NATIONAL BANK AND IMF HAVING A LITTLE POW WOW IN ZURICH ABOUT EXCHANGE RATES AND EXTERNAL ADJUSTMENTS...HAS A LOT TO DO WITH PPP...PURCHASING PRICE PARITY...ETC...AND THAT STARTS FRIDAY. [I think Iraqs is out of whack with their comparables.] THEY ABSOLUTELY ARE WHICH IS WHY AT EVERY POSSIBLE OPPORTUNITY THE ECONOMISTS OVERSTATE THE IMPORTANCE OF VALUATION AT PAR OR BETTER THAN REGIONAL ACTORS ...ESPECIALLY BORDER PARTNERS AND TRADE PARTNERS OVERALL... [Wikipedia - The purchasing power parity...PPP exchange rates...can be useful for making comparisons between countries...]
6-23-2016 Newshound Guru tlm724 Article quote: "... the fact that foreign investors looking for a safe and advanced banking environment to facilitate his work and fast delivery and keep his money?" the key here is an advanced banking environment... I said it years ago and I stand by what I said, we won't see any substantial increase UNTIL the electronic system of oversight is in place...if they increase the dinar now billions will go out the backdoor! They MUST have accountability in place...as the governor said of the advanced banking environment, "you will see the results during the year"...*hallelujah*
6-23-2016 Newshound Guru wmawhite The value of the IQD outside of Iraq (which is the exchange rate/value) has no impact on what Iraq receives from importers who pay the tariffs. Also, if you are Ahmed and you are to pay 1,000 IQD tax for whatever, the exchange rate/value of the IQD to the Euro or the GBP or USD has no effect upon ahmed's tax because inside Iraq a IQD will always be equal to a IQD. Let me try to explain this a little better. If you are importing into Iraq rice, for example, and you owe me, the Minister of Finance, 1 Billion IQD on what you are importing, I don't care what the exchange rate/value is of the IQD. You as the importer don't care either. All that I am concerned about is that you sent the equivalent value of what the tariff is. I, the Minister of Finance, just wants the tariff paid. You the importer can pay it in gold, silver, Euro, GBP, USD, IQD, etc. Just pay the tariff.
6-23-2016 Newshound Guru rcookie THE REPORT THE OTHER DAY ON EU LINED UP FOR BASRA AND NOW... Article: "Baghdad confirmed its success in attracting international companies to implement investment projects..." GUESS THERES NO NEED FOR SPECULATION ON WHETHER INTERNATIONAL COMPANIES ARE CUED UP TO DO PRIVATE SECTOR BUSINESS IN IRAQ...
6-23-2016 Newshound Guru Aggiedad77 Article quote: "...Mohammed Saleh, said that the end of this month, will see the Executive Board of the International Monetary Fund endorsement of the granting of financial loans to Iraq agreement..." Saleh is no clown and he would not go out on a limb stating things that he did not feel are shaky...He is a facts and figures guy and presents them in a way they don't lie...conditions of the loan...cutting spending... increase non-oil revenues...pay the oil companies...things they are working with diligence to accomplish... green lights here Abadi and IMF...let 'er rip...The government approved the MOU from the IMF two weeks ago...so watch now for the meeting of the IMF Exec Board who will give the final approval for this loan process...maybe this loan approval by the Exec Board and the big announcement about Mosul...maybe they will be timed to be simultaneous events...
6-23-2016 Newshound Guru tlm724 Article quote: "...central bank adviser said Walid Idi, the central bank has more than $ 50 billion in reserve as well as gold, pointing out that this reserve covers imports over the period prescribed internationally recognized.." Geared up and ready to roll out the International carpet!
6-23-2016 Newshound Guru Shredd Article quote: "Governor "Yes, it is unfortunate that the banking sector we have is still in its infancy, far from the optimum international practices, and the use of the latest and best technology into the work..." this is their pilot phase and a pilot happens right before a go-live implementation, really good to see this all fitting together.
6-23-2016 Newshound Guru rcookie A RETURN TO PARL IS NECESSARY TO VOTE ON THE LAWS AND INITIATIVES...THE MOST IMPORTANT SHORT TERM IS TO VOTE ON 2016 BUDGET LAW SO THE SBA LOAN MONEY IS ACCESSED AND DISBURSED... [Do you think they can get all the laws needed passed in one session?] YES...I DO ONCE THEY GET BACK...THEY ARE CUED AND WAITING...
6-23-2016 Newshound Guru Stryker See the IMF loan approval is the start of so many other means that will not only kick start Iraq's economy but will put Iraq into the International Markets, and there is when the CBI will change it's monetary framework more inline with international standards, with a real exchange rate that will be used internationally as described in the Minister of Plannings feasibility study of 2011. And then (IMO) we will see the deletion of the zeros from our hands and transferred into something that we can spend to kick start our own personal economies! They just need to get all economic reforms launch to get us all there... [post 2 of 2]
6-23-2016 Newshound Guru Stryker Article: "Council Baghdad reveals a halt investment projects in the capital for "lack of " allocations" This is why they need the IMF SBA loans approved and the other loans that will come from places like the World Bank and other lenders that will follow from this IMF board approval. The many loans will provide Iraq with the much needed funds to kick start payments on the arrears, that then will help give Iraq a better credit rating, that then will give them a better market for their bonds and a sustainable return for those bond investors. The loans will then start these stalled projects, putting people back to work and these loans will help the CBI with their private sector loans as well, that will put even more people back to work. [post 1 of 2....stay tuned]
6-23-2016 Newshound Guru wmawhite tariffs are a revenue item...same as the selling of oil. The use of the currency at its true value is only relative to its use outside of the country. In other words, if the IQD is used outside of the country to settle foreign remittances at its current artificial/imposed value then two things take place; 1) the costs of imported goods remain high, and 2) the CBI runs out of IQD because Iraq has to exchange at a 1,000s of times high amount than there are IQD available to the CBI.
6-23-2016 Newshound Guru Bondlady ...the Iraqi people ...now...are taxed with the tariffs making things harder...they need to do something with there currency soon...imo this cant go on much longer and IT WONT...Wink...now that imf and others now in Iraq fixing what these clowns did to the country and people...it didn't happen over night an it will take time to fix...its all moving so quickly now I believe were in the home stretch and finally seeing awesome progress! IMO.
6-23-2016 Newshound Guru rcookie THE RAMADAN FESTIVAL OPENS NEXT WEEK AND RUNS FROM JUNE 26TH TO JULY 10TH...AT THE BAGHDAD INTERNATIONAL FAIR...AND FOCUSES ON REGIONAL AND INTERNATIONAL INVESTMENT ONLY...THEY TALK ABOUT CREATING THE ENVIRONMENT FOR PUBLIC & PRIVATE SECTOR PARTNERSHIP AND GATEWAY TO IRAQS NEW AVERSION TO ATTRACT INTERNATIONAL CAPITAL.
6-23-2016 Newshound Guru chattels Article quote: "...the Kurdish bloc put conditions on Abadi's program, including giving the government three months to agree to Kurdish demands." Abadi is not close to performing according to the "platform" and political agreement that put him in office as a compromise choice. The Kurds and the Sunni have been complaining for sometime that Abadi is not conforming/performing according to the political agreement. To my knowledge none of the Kurdish conditions have been addressed by Abadi, which is why I have stated...that the Kurds ARE NOT HAPPY...Nor are the Sunni.
6-22-2016 Newshound Guru rcookie Article quote: "...the Committee's Deputy Najib, answered for the balance of the news/"was ratified many conventions during the current parliamentary session," stating that "90% of agreements, including economic and investment cooperation and exchange of experiences." SO HERE IS MORE EVIDENCE OF PARLIAMENTARY WORK BY COMMITTEES ONGOING BEHIND THE SCENES...AND BEARING FRUIT TOWARD IMPORTANT INVESTMENT AND ECONOMIC ISSUES...90%!! AGREEMENTS CONCLUDED! AND MENTION BANKING AND BANKING TRANSFERS!
6-22-2016 Intel Guru Bluwolf We are still waiting for the Go to be said forward. Real bank sources are informing us that they are still waiting for this release... I do not know who is to give the word...Well this is where we are at this instance...
6-22-2016 Intel Guru Dr. Clark We never said the Dong would RV in 10 days...the latest decision is wait like Iraq, until IMF through the U.S. committee says - GO. We believe it will be by SEPTEMBER... Unlike the Dinar, an estimate, opinion on the Dong - Nobody knows exactly what the Dong will start at, but a slow, controlled rise is preferable, to keep their economy somewhat stable in the transition. It's much different than Iraq. Could see a 1-5 cents soon, then raise eventually as markets will push between $2 - 3.00 at some point, maybe even higher for short periods of time - because the strength of their overall economy can support these numbers, as being a real, quantifiable value - but nobody knows for sure about ANY of these projected rates, on ANY of these currencies...Remember, the Dong is ALREADY an internationally traded currency, even as we speak, so they now have the capability to raise & lower on a daily basis, at will - BUT, the U.S. must give them the green light officially behind closed doors, through the IMF, to start raising it substantially...when they feel they're READY.
6-22-2016 Newshound Guru rcookie Article: "Securities Commission decided on Monday to suspend the contribution of seven companies from trading for "failing to comply with the instructions of financial disclosure," THE SECURITIES COMMISSION HALTING TRADING ON COMPANIES DUE TO FINANCIAL DISCLOSURE REPORTING VIOLATIONS...THIS IS A TEXTBOOK EXAMPLE OF STARTING TO APPLY IAS INTERNATIONAL ACCOUNTING STANDARDS...AND IFRS INTERNATIONAL FINANCIAL REPORTING STANDARDS WHICH DEAL WITH THE TIMELY TRANSPARENT REPORTING OF FINANCIAL DATA REPORTING FOR PUBLICLY TRADED COMPANIES...AND REMEMBER BEEN APPLICABLE SINCE JANUARY 7TH...AND RUNNING PARALLEL WITH THE EXPECTATIONS OF TIMELY...ACCURATE TRANSPARENT FINANCIAL & ECONOMIC DATE THE INT'L AGENCIES ARE EXPECTING FROM IRAQ...WB... IMF...WTO...
6-22-2016 Intel Guru Frank26 ...when you look at all these steps that are occurring you can’t help but get excited...Abadi...said...Parliament is voting right now on sending international economic agreements by our government which are in line with our economic vision... I have ALL my ministers working on getting ALL the lands back right now...I have ALL my ministers working with the committees of economics and investments to tell the world that...the agreements that we made on our economy with the IMF...are in line...with the international standards...we are bringing you back into the international world... the governor of the CBI...says...we got $53 billion... Iraqi cash reserves...which are the IMF requirement are about $53 billion and with gold...it’s a lot more than that...IMO. ...it is for the existence of the amount of foreign exchange that is going to be coming into our country [Iraq] from the international investors and we need to cover our local currency basically to cover theirs...it is exciting without a doubt...
6-22-2016 Newshound Guru Kaperoni Article: "Central Bank Governor "long": equality dinar dollar threatens local production and the deletion of zeros depends on stability" Quote: "*Project to delete the zeros Wayne now, why it did not apply private and it raises the value of the dinar.? - The project to delete the zeros still exists and we have a technical preparations in this area, but we are waiting for the stability of the general situation, because this is a great work when we need stability in addition to the stability in the development of institutions, in particular, what we can organize and manage the operation and supervision are not allowed with breaches or excesses." Iraq is about as stable as it is going to get (outside of Mosul). So they should be seriously considering implication very soon. And ...those kinds of statements are in direct support of raising the value as the economy grows, investment flows, etc. Again, I believe the increase in value will be used to counter the inflationary pressure created by the influx of investment once the doors really open for investors. Time will tell, but let's hope they pass the laws we need and get the show on the road.
6-22-2016 Newshound Guru rcookie AND AS ANOTHER BACKDROP TO THIS STORY...ISNT THE TBI THE BANK THAT WE JUST SAW RAISE THEIR CAPITALIZATION IN THE LAST FEW DAYS ALONG WITH MANY OTHERS... [YES...and how much was that?] 300%....FROM 500 BILLION TO 1.75 TRILLION. AND WHEN YOU SEE UPSWING IN CAPITALIZATION THERE IS AN INHERENT EXPECTATION OF VALUATION INCREASE... [reference Guru wmawhite post 1 & 2 6-22-2016]
6-22-2016 Newshound Guru wmawhite They increased their shares from 54.7% to 64.7%. Why? ...this is very interesting news and IMO is an indicator that Iraq’s neighbors are aware of major changes coming soon from within Iraq’s financial institutions. I have always believed that Iraq’s neighbors have their fingers on the pulse of Iraq and that they will be the first to pounce on these opportunities being created by Iraq. This move by Bahrain’s Ahli United Bank combined with what Citibank just stated a few days ago ought to have you thinking...this is happening right in front of us...there are no secrets to this...they are announcing to the world as this is happening. [post 2 of 2]
6-22-2016 Newshound Guru wmawhite Article: "Iraqi trade talks with Citibank to develop relations – June 14, 2016" Quote: "as well as lifting the barriers that stand in the way of the constant movement around the world of the Iraqi dinar." this is Citibank stating...let's lift the barriers... Article: "Bahrain's Ahli United Bank buys shares of TBI" Since 2003, other banks in the region have been buying shares into the TBI...This bank (Bahrain’s Ahli United Bank) that is located in Bahrain already owned the majority of shares of the Trade Bank of Iraq. Yet, they apparently believe there is an up-side/an advantage to increasing their control over the TBI. [post 1 of 2....stay tuned]
6-22-2016 Intel/Newshound Guru Poppy3 ITS AFTER A 3 DAY BANK SHUT DOWN AND LAST MONTH WHEN OUR ...VP WAS IN IRAQ AND HE WAS INFORMED IT WAS GOING TO POSSIBLY TAKE THEM TILL THE LAST WEEK OF JUNE TO BE READY...HE SUGGESTED IF IT WAS GOING TO BE THE LAST WEEK OF JUNE TO JUST NOT RELEASE TILL THE 4TH OF JULY FOR AMERICA AND IT WOULD BECOME THE NEW REASON FOR INDEPENDENCE DAY? THAT WAS THE RUMORS LAST MONTH FROM BOOTS ON THE GROUND IN BAGDAD. [post 2 of 2]
6-22-2016 Intel/Newshound Guru Poppy3 ...WE ARE CLOSING IN ON SEVERAL THINGS OF GREAT INTEREST. FIRST THE DINAR --- ALL NEWS AND WRITTEN REPORTS AND ALL PERSONAL SOURCES ARE ALL ADAMANT THIS IS THE RIGHT TIME AND THEY ARE IN THE RIGHT PLACE PUSHING EVERY DAY AND WORKING AT NIGHT TO PREPARE FOR THE NEW RATE AND INTERNATIONAL TRADE WITH CURRENCY EXCHANGE...AS I HAVE TOLD YOU AND SHOWN REPORTS FROM THE IMF, WORLD BANK SAYING THE SAME THINGS. WE STILL WAIT AND SEE BUT MANY REPORTS NOW OUT SAYING JULY 5TH IS WHEN WE SEE IT GO GLOBAL. I TOTALLY BELIEVE IT. [why July 5th?] TWO REASONS... [post 1 of 2....stay tuned for the rest of the story]
6-22-2016 Newshound Guru wmawhite ...Guru Dr. Clark...stated..."Forget about what the IMF indicated “by the 1st half of 2016”. It’s irrelevant..." Seriously, Dr. Clark? We should...disregard the one entity that has more knowledge about Iraq and the Central Bank of Iraq than any other entity on this planet? It is reasonable to believe that the IMF, WB (World Bank) and the CBI "KNOW" what is going on with the money policy of Iraq. [reference Guru Dr. Clark post 6-20-2016]
6-21-2016 Newshound Guru Chattels It appears that Ramadan will end in Iraq on July 7th. Ramadan is not a holiday per se in Iraq. The legislative recess coincided with Ramadan. The CBI calendar is showing July 7 as Eid Al Fitr ( three day holiday ). Parliament has been on vacation.... In recess. Whatever, but there are no sessions reported. Are there committee meetings? No doubt from various reports. Certainly the cabinet has met.
6-21-2016 Newshound Guru rcookie ADD THIS ROBUST ACTION TOWARDS TRAINING WE HAVE READ SO MUCH ABOUT IN LAST 2 WEEKS SUCH AS THE 15 NEW TRAINEES RECENTLY GRADUATED THROUGH WB AML/CFT CERTIFICATIONS...TO THE NEWS OF MASSIVELY INCREASED CAPTIALIZATION OF ALL BANKS IN IRAQ...ALONG WITH THE DEVELOPMENT FUNDING PROGRAMS ALL CUED UP IN EVERY PROVINCIAL REGION AND SECTOR AND WE ARE WITNESSING THE PERFECT STORM...
6-21-2016 Newshound Guru tlm724 Article: "Warnings to circumvent the central bank's own industrial loans Initiative" Quote: "that his committee will check each file is lending and follow-up on the ground, whether agricultural or industrial or residential" his committee = economic and investment commission. finally they are doing the right thing! Oversight and transparency will go a long way with these loans! The money will go where it needs to go and for the right reasons, to build their economy!
6-21-2016 Newshound Guru firefly ...there are MANY things going on behind the scenes that we are not privy to... We can't put a date on it but they are aggressively working on reform. We will see it when they decide to show it to us. IMO, Iraq is waiting just as we are.
6-21-2016 Newshound Guru Millionday Article quote: "...the Association of banks has adopted a step to prepare local trainers to various important banking operations, pointing out that this trend is under the supervision of specialized and accredited international institutions in the training of banking talent in the world, where instructors are subject to follow - up and testing a high degree of accuracy implemented for the first time in Iraq." THEY ARE ACTIVELY MEETING WITH ALL BANKERS AND ALSO TRAINING ON WHAT MAY NOT BE UNDERSTOOD ABOUT BASEL AND INTERNATIONAL BANKING COMPLIANCE... THEY ARE TO BEGIN COMPETING IN THE BANKING WORLD -- HUGE CHANGE FROM WHERE THEY HAVE BEEN...THEY ARE PREPARING FOR THE FUNDS TO BE USED ACROSS THE NATION AND ALSO INTERNATIONALLY...PREPARATION OF THE BANKING LEADERS FOR THE ECONOMIC REFORM. WHOOOPOW... LOVE IT.
6-21-2016 Intel Guru Frank26 Dr. Shabibi is under the guidance of the IMF. IMO, Dr. S has followed the plan step-by-step as GOI officials have been exposed. He is doing what the IMF told him to do. They will raise the value...their ego’s won’t allow them to stay at a PROGRAM RATE. We will NOT fail here. I don’t know when they will raise the value...I just sense that they will...based on the evidence...To be brought into the INTERNATIONAL world...they must be “INTERNATIONAL.”
6-21-2016 Newshound Guru wmawhite MO money supply is what is in circulation. What we hold is NOT in circulation...we can not use what we hold...unlike what is used (in circulation) in Iraq. ...[Guru] Mike's statement assumes ALL of Iraq's currency is outside of Iraq which would be "nuts"...Also, the currency in Iraq, held by individual Iraqis will not be exchanged...it doesn't matter what its value will be outside of Iraq...that currency inside of Iraq will stay in Iraq and never to exchanged. Also...the central banks of the world, which will hold the IQD we have after we exchange, hold most of the world's currencies as reserves. They seldom let go of valuable assets, such as other countries' currencies. However, central banks will exchange some currencies for another countries reserve currencies at time. In other words, we are the only dummies in this investment that continue to think of this investment as a lotto ticket that will be "cashed in" instead of understanding that we hold a currency that will be "EXCHANGED" and held as an asset by a bank somewhere on this planet. [reference Guru mike's post 6-18-2016]
6-21-2016 Newshound Gurus Backdoc & Mountainman IT SEEMS THAT IRAN JUST CAN'T STOP BEING CHATTY! OBVIOUSLY THIS WOULD REQUIRE A STRUCTURE REFORM CHANGE LIKE A RATE NOW WOULDN'T IT? ...REMEMBER I TOLD YOU THE TWO SHIA BROTHERS WOULD GO TOGETHER ALONG WITH THE REST OF THE BASKET! IF IRAN IS RIGHT OF COURSE, WE WILL LIKELY SEE IRAQ GET THE APPROVAL TO ANNOUNCE MOSUL! Just In TIME for Two Shia Bros to WALK Down the AISLES of GLOBAL BLISS...and w/ A NEW Found Value (Not) Visible to Us Just Yet...The TRADE WINDS of CHANGE are Showing A New Reality...INDEED...
6-21-2016 Intel Guru Delta Abadi is doing a lot of good things. Saleh says that things are going “according to planned” The LOI is going “according to planned”... The HCL was basically hidden from the citizens for a long-long time...but now is becoming more of a vocal topic. Iraq has 50 Billion in RESERVES...plus a mountain of GOLD! So...let’s see what happens in the next 2-3 weeks. Let’s see what happens with the Taxes and Tariffs. The IMF promised...that they’d have Iraq to “International” status. Did you know that B of A, and Chase are all buying IQD on international trading platforms. Citibank is now doing it too. There are too many fail-safe systems in place. To MOVE the IQD around the INTERNATIONAL WORLD...they must undock it from a PROGRAM RATE! Iraq WILL NOT fail this time!...IMO. In the still of the night, they will raise their currency. [post 2 of 2]
6-21-2016 Intel Guru Delta The federal police, Interpol are arresting a lot of people inside of Iraq...particularly in certain cities. It is part of the anti-terrorism campaign. The anti-terrorism was needed inside of the GOI. Lots of countries have been helping Iraq to get back on the grid with full electricity. The IMF wants the banks in certain cities to be completely secure...which all lead to Mosul. They said that they are within weeks. Do you think the banks are ready in these cities? Give me Mosul...(I couldn’t be any more plain than that). You won’t see anything until you see Mosul! IMO...you won’t put lower-denoms into banks with ISIS still around. [post 1 of 2....stay tuned]
6-21-2016 Intel Guru Dr. Clark ...this thing’s going to be over by the end of September - for both Iraq & Vietnam, in our estimation. From now till then, will be the most exciting ride of your life - each day, day by day, watch it get better and better...
6-21-2016 Newshound Guru rcookie Article: "Jubouri calling for the amendment of the Banking Act and the formation of a financial court" THIS WAS A BANKING ASSOCIATION CONFERENCE...WITH JABOURI ATTENDING AND ASSERTING NEED TO AMEND THE BANKING ACT IN PRIVATE BANKING SECTOR... SO WE KNOW WE NEED PUBLIC FINANCIAL MANAGEMENT LAW...2016 BUDGET LAW...CBI LAW...BANKING LAW...AND TWEAKING TO INVESTMENT LAW UPON PARLIAMENTS RETURN... [When would the next scheduled session for parliament be?] THE 28TH...UNLESS EMERGENCY SESSION CALLED...THATS WHEN FED COURT HEARS 2 PARL SESSION LAWSUIT.
6-21-2016 Newshound Guru Millionday HERE IS AN INTERESTING POINT MADE BY CBI ADVISOR THAT I LIKE AND YOU WILL TOO... "He said the " policy adopted by the Central is the emphasis on banks to make sure the money provided sources for the purchase of the dollar that is...he explained that" the other side, which emphasizes the central bank is trying to reconcile the preservation of foreign reserves requirements has reconciled with the market price to ensure the stability of the Iraqi dinar exchange rate against foreign currencies as an important function of the central bank. " IN OTHER WORDS THEY ARE COMPLYING TO BASEL AND APPLYING THE CBI INITIATIVE WHILE ENSURING THAT THE BANKS FOLLOW THE RULES -- INTERNATIONAL RULES.
6-20-2016 Newshound Guru tlm724 Article: "World Bank: The new labor law in Iraq, acknowledged the international world-class" Quote: "the World Bank, said on Sunday that the new labor law in Iraq, acknowledged the international world-class sought the World Bank to be transferred to Iraq." *hallelujah* I'm loving the WB right now...thats exactly what Iraq needed, someone to hold their hand and talk them through these complicated laws!
6-20-2016 Intel Guru Dr. Clark The VN Dong, is ready RIGHT NOW. They’re waiting on guess who? The U.S. through the IMF, to give them the green light. Why was Obama in VN for 3 days, 2 weeks ago? Why was the IMF in VN for 3 days a month earlier? Why is VN in the TPP? ...Same type deal as Iraq. Iraq + VN = lots of money and success...
6-20-2016 Newshound Guru Millionday Article quote: "there are a lot of important laws , which should be approved by the House of Representatives , especially the amnesty Federal service laws in addition to the Federal Council Service Act, particularly the oil and gas law, which was deferred from previous sessions." PARLIAMENT SESSIONS ARE ONGOING -- NOT ON VACATION BUT ON GOING FOR RESOLVE...OIL AND GAS LAW CHANGES MADE -- GOING TO WORKING PARLIAMENT...OBVIOUSLY THIS IS WHY THEY ARE WORKING AROUND THE CLOCK...ALL CHANGES HAVE TO BE SENT AT THE SAME TIME -- THE GOAL IS TO ADDRESS ALL LAWS AT THE SAME TIME...ACCORDING TO CBI STATEMENT THE GOAL IS TO HAVE ALL IN PLACE WITH BANKS AND EXCHANGE RATES BY THE END OF JUNE BUT THIS IS IRAQ SO WE WAIT -- NO GUARANTEES.
6-20-2016 Newshound Guru rcookie [Cause its going to be worth a he-- of a lot more thats why! ] IT IS... ESPECIALLY WHEN SOME OF THE SMALLER POLITICIAN CONTROLLED BANKS WERE CAPITALIZED WITH $7 MILLION AND ARE NOW RAISING TO $25 MILLION...THAT IS ALMOST 400%... AND REMEMBER WE HAVE IN INK THAT THE CBI IS INCREASING THIS CAPITALIZATION OF THE 1ST $25 MILLION...BY JUNE 30TH...TO ALL BANKS...AND FOR THOSE QUESTIONING...THE EXCHANGE RESTRICTIONS STATUS TOWARDS ARTICLE VIII...THERE ARE NOOOOOOO PROHIBITIVE EXCHANGE RESTRICTIONS OR MCP'S! [post 2 of 2]
6-20-2016 Newshound Guru rcookie Article quote: "...It revealed the Integrity Commission, on Sunday, the seizure of its teams to a group of members of the collection of amounts passenger transport at Basra International Airport, in the act of a crime acquisition of public money." HERE FOLKS GETTING POPPED TRYING TO GET OUT OF THE COUNTRY WITH CURRENCY THROUGH BASRA AIRPORT...BILLIONS OF DINARS AND OTHER FOREIGN CURRENCY...NOW LET ME ASK YOU...YOU'RE AND IRAQI CROOK...READY TO TAKE IT ON THE LAMB AND GET OUT OF DODGE AND ESCAPE PROSECUTION AND AUTHORITIES... WHY WOULD YOU TAKE THE TIME TO SMUGGLE OUT A CURRENCY VALUED AT A TENTH OF A PENNY OUTSIDE OF IRAQ... [post 1 of 2....stay tuned]
6-20-2016 Newshound Guru Mailman17 CONTRARY TO SOME RECENT POSTS, AS FAR AS THE IMF AND IRAQ RELEASING THE RATE IN MID JULY, AGAIN WE MUST REITERATE WHAT SHABS HAS SAID IN THE PAST. IRAQ WILL NOT RELEASE IN THE MIDDLE OF ANY QUARTER AND THE IMF AGREEMENT FOR THE LOANS CLEARLY STATE BY...AND I REPEAT BY MID YEAR...MID YEAR AND THE START OF THAT IS JULY 1. ALSO PLEASE REMEMBER THE NEWS WE GET MOST LIKELY IS DAYS IF NOT A WEEK OLD, WITH MOSUL BEING THE FINAL SECURITY PUZZLE PIECE. I ANTICIPATE THE RATE, WHATEVER IT MAY BE TO BE OUT BY JULY 1, THAT IS GOING BY WHATS IN INK. I SAID MANY YEARS AGO, THEIR FINANCES ALWAYS DICTATED A 1-1, WITH THE RATE MOST LIKELY BEING A MANAGED FLOAT. FINGERS CROSSED AS TO IRAQ HAVING THEIR CRAP TOGETHER. I HAVE NOT SEEN ANY NEGATIVE NEWS, ONLY SMOKE AS TO THEIR INTENTIONS. LETS SEE WHAT HAPPENS. AS ALWAYS...JMO
6-20-2016 Intel Guru Dr. Clark If it does not happen by 17th - we’d say there’s a 20% chance by 17th. No, this is NOT about Mosul. Mosul is important, but it’s just ONE Piece of this puzzle. It’s a good one, but not the whole enchilada by a long shot. By August 14, you’re going to see a major Political change in Iraq, that will lay the foundation for when we REALLY expect the official raising of the rate in Iraq to be. In fact, we think there’s a 99% probability that Iraq will raise their rate the LAST WEEK OF SEPTEMBER, and it will be well over $3.00 exchange rate outside the country, and closer to $4.00. It’s all about to go down in Iraq. But not in June, perhaps in JULY, Better in August and BINGO IN SEPTEMBER... [post 2 of 2]
6-20-2016 Intel Guru Dr. Clark [new Guru] How long will it be before Iraq gets the green light from the IMF, to officially raise the rate? (really the U.S. committee). It WON’T be in JUNE. We know this for a fact. However, there is a big, solid, huge piece of information that’s coming out in the next 5 days - by next Wednesday June 22, that will give you a massive shot in the arm, with factual information, as to how REAL this is, and a new indicator of timing. That timing, from what we know, has a shot - a probability - a good chance of a rate increase, by JULY 17th, especially that week leading up to the 17th. Forget about what the IMF indicated “by the 1st half of 2016”. It’s irrelevant. Things are going to start speeding up BIG TIME, after next Wed (22nd). BIG TIME. Lots of momentum... [post 1 of 2....stay tuned]
6-20-2016 Newshound Guru Millionday Article quote: "Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world)" SO OBVIOUSLY THIS IS THE MEETING...TO REMOVE THE BARRIERS THAT KEEP THE DINAR FROM BEING INTERNATIONALLY RECOGNIZED -- NOT BAD AT ALL -- WHOOOPOW
6-20-2016 Newshound Guru rcookie THE WORLD BANK REVIEWED ALL OF THE OIL LICENSING CONTRACTS BACK IN NOVEMBER...MANY OF WHICH WERE REWRITTEN SO TO ADDRESS PAYMENTS OF ARREARS AND NEW PARAMETERS GOING FORWARD...BACK THEN ALMOST EVERY SINGLE OIL COMPANY WAS ANNOUNCING THE SCALED BACK REDUCTION TO OIL DEVELOPMENT PROJECTS IN IRAQ...LAST WEEK ALONE...LUKOIL ANNOUNCED...THAT THEY HAVE BEEN PAID...THEY ARE DOUBLING PRODUCTION AND INVESTMENT IN IRAQ...OIL WILL ALWAYS A DRIVING FORCE IN IRAQ...BUT REMEMBER THE 20 BILLION EURO PORT OF FAW PROJECT ALONE...IS FORECAST TO CREATE MORE JOBS AND REVENUES TO THE GDP THAN THE CURRENT OIL SECTOR NUMBERS...
6-19-2016 Intel/Newshound Guru Poppy3 ...RV...NEW RATE HAPPENING VERY SOON I CAN FEEL IT. COMPLETE CONFIDENCE.
6-19-2016 Newshound Guru tlm724 Article: "Parliamentary Regions: ...edit Fallujah gave the message "positive" and the key for the Liberation of Mosul" Quote: "...liberalization of Fallujah gave a positive message on the relations and ties and the overall political process is the key to the liberation of Mosul." now thats great news!! they have to work together to get Mosul cleared as well!
6-19-2016 Newshound Guru Kaperoni Though [Guru] Mike makes some good points, it is not all gloom and doom. The dinar will appreciate in value at some point, though not overnight as we all would wish. It may take a few weeks, months to get the value moving in the the direction we want once they decide to get off the peg. It has to as part of the plan (a monetary tool) to offset inflationary pressure as global investment flows into Iraq. As for money supply, it is has been stated several times that the CBI intends to reduce the physical paper notes from about 4 billion to 1.8 billion or so. I would expect this to occur more seamlessly though through the banking system as the dinar rises in value. As for studying M0 numbers, I do not think we will ever know exactly whats in play since most of that information isn't current. [Reference Guru mike post 6-18-2016]
6-19-2016 Newshound Guru wmawhite ...why would anybody from the EU want to set up/invest their capital/money in Iraq if they could not take it back home with them? They would not. But, that is not an issue any more. Let me show you what was resolved back in December 2015 when Parliament amended the Investment Law... this was amended back in December 2015 when the LOI was being drafted... Quote: "...the government will, 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..." This why they are coming to Iraq...they removed the...limitation on transfer of investment proceeds. ...this is the beginning of the flood gates being opened.
6-19-2016 Newshound Guru Breitling 99.99% of the people understand where Maliki was at…[most] people are very diplomatic about it. I didn’t just challenged people to show me articles where Maliki stopped the reevaluation of the dinar…I dared them. And I haven’t heard a word…not a peep…People that live in conspiracies …I promise you they are poor.
6-19-2016 Newshound Guru rcookie Article: "Central Bank announces the possession of 50 billion dollars as a "reserve" as well as gold" Quote: "...the Central Bank has more than $ 50 billion in reserve as well as gold, indicating that this reserve covers imports more from internationally recognized term..." ...I WONDER WHY THIS ANNOUNCEMENT FROM CBI TIMING WISE IN RESPECT TO ALL OF THE ACTIONS TOWARD RAISING THE CAPITALIZATION OF BANKS IN THE PAST FEW WEEKS...TO AS HIGH AS 300% IN SOME CASES...BRAGGING ON THEIR RESERVES AND GOLD HOLDINGS STATUS AS BEING WELL ABOVE THE INT'L STANDARD...AND STATING BY JUNE 30TH...THE IMPLEMENTATION OF CAPITALIZATION OF FOREIGN BANKS IN IRAQ TO 25 MILLION DOLLARS...AND THE 2ND PHASE NEXT YEAR RAISING TO 50 MILLION DOLLARS...
6-19-2016 Newshound Guru Chattels Quote: "Prime Minister Haider al - Abadi, said Friday evening, said the coming hours would end the rest of the remaining spots in Fallujah." The news is very encouraging about Fallujah from several " real " sources.
6-19-2016 Newshound Guru Mountainman Miraculously Iran's Ropes will be LOOSED thru the Fires of GLOBAL TRANSITIONS...Right there w/IRAQ...as Planned...And 12/1's GLOBAL AFFAIRS...Will be COMPLETE to (THEIR) Satisfaction...On Schedule, On Time, as "PLANNED"...It's A Beautiful Event to Watch...IMO.
6-19-2016 Newshound Guru Stryker Article: "Central Bank announces having
$50 billion as a "reserve" as well as gold" Reserves, gold and other assets will cover Iraq from June 30 when they become International recognized according to this article...
6-18-2016 Newshound Guru mike Iraq's M0 money supply is over 50 trillion dinars, RV'ing at 3-1 would create a M0 money supply of over what would be the equivalent of $150 trillion dollars, which is $146 trillion more than US money supply. As a note, the M0 money supply figures are reported by the CBI itself. This is a controversial topic for sure, it slams the door on the $3 dollar RV theory and challenges the $1 position as well. I mean, how can Iraq afford to do that while they're borrowing $15 billion from the IMF? For sure, Iraq will experience some kind of "correction," but what's that's going to be is anyone's guess. Time will tell. As always, it's just my opinion.
6-18-2016 Newshound Guru rcookie THE THINGS THE IMF IS REQUIRING TO GET DONE...LEGISLATIVELY...ARE REVISION OF 2016 BUDGET LAW...REVISION OF CBI LAW...VOTING OF PUBLIC FINANCIAL MANAGEMENT LAW...BUT WE NEED PARLIAMENT BACK TO WORK...YESTERDAY! [Not much left to do, just need parliament to either get through their break and meet or to call an emergency session to get this stuff DONE!] AGREED!
6-18-2016 Newshound Guru Breitling ...I’ve said this many times. They can revalue it today. They reduced the note count enough so that they can revalue it today. It’s always been based on the note count. Their decision making on when they want to do it is based on the markets…on when they are going to have an advantage. So I don’t know if they are waiting for Saudi Arabia and Iran and the world market or whatever formula, whatever combination I don’t have a clue…I really don’t. I don’t know what they are looking at. You and me don’t get to see those shiny rocks. But we can go by the last 100 year’s trends and micro trends to try to figure out when countries make their moves…at what times and how they did it—against who. That’s why people listen to me because they know I can bring that stuff up. [Post 2 of 2]
6-18-2016 Newshound Guru Mountainman Suddenly, Miraculously IRAQ will Emerge On Schedule, ON TIME...YES...(THEY) Know How and When to Get things DONE...
6-18-2016 Newshound Guru Breitling I made this statement on what’s coming down the pipe, what I’m hearing, what they are trying to set up and the windows they are talking about…I get an email from a gentleman saying “Hey I’m confused…your timing is different from my timing.” for one thing it’s NOT my timing. I was just relaying it. I was reluctant to do that in the first place because of these types of emails and thinking…think before you send me these emails…I kind of giggled….it’s not like I came up with this myself. It’s very strange. there are a few windows coming up and it’s on them. Having said that I want you to know this…[post 1 of 2]
6-18-2016 Newshound Guru wmawhite IMO...we will see the true value of the IQD before Iraq ascends to the WTO.
6-18-2016 Newshound Guru rcookie WTO ACCESSION...IS AN ECONOMIC AND FISCAL OBJECTIVE THEY HAVE WORKED FOR YEARS ON ...AND NECESSARY FOR THEIR COUNTRY TO PARTICIPATE IN INTERNATIONAL PRIVATE SECTOR ECONOMY AND ENGAGE IN TRADE AND INVESTMENT WITH SIMILAR COUNTRIES...THEY CANNOT COMPETE AND SURVIVE IN THE GLOBAL MARKETPLACE AND ECONOMIES WITH A CURRENCY WORTH LESS THAN A TENTH OF A PENNY!!... THE MOVE TO ARTICLE VIII IS A NECESSARY STEP TO BE A PART OF THE GLOBAL OPEN MARKET ECONOMY ...AND SENDING CONFIDENCE TO ATTRACT INT'L INVESTMENT AND BUSINESS...YOU SHOULD BE MORE EXCITED NOW THAN EVER BEFORE!
6-17-2016 Newshound Guru wmawhite Now...what are those barriers exactly...I don't know...but what should the question be? All of those banks that are part of the TBI have it quite nice holding $billions in lines of credit. Why would they be negotiating the removal of those barriers? Answer: ...why is Citibank speaking with the TBI about lifting those barriers so that the IQD can move around the world? Honestly...I don't care why...I am just thankful that the very things that Shabibi/Saleh/Abadi spoke about is being negotiated today. Again...the Trade Bank of Iraq....serves as an intermediary for Iraqi government agencies' purchases of equipment and supplies from companies based outside the country. IMO...this is a huge statement that is in line with what (and I am repeating myself) Shabibi, Saleh and Abadi has stated previously... amazing...those banks are from around the globe. [post 2 of 2]
6-17-2016 Newshound Guru wmawhite Article: "Iraqi trade talks with Citibank to develop relations" Quote: "Search Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world." the question is this: who backs the Trade Bank of Iraq? Here is the answer: J. P. Morgan, other members are the Australia and New Zealand Banking Group, Standard Chartered, National Bank of Kuwait, Bank Millennium, Bank of Tokyo-Mitsubishi, San Paolo IMI, Royal Bank of Canada, Crédit Lyonnais, Caja de Ahorros y Pensiones de Barcelona, Standard Bank Group, Akbank TAS and Banco Comercial Portuguese. So...Citibank is essentially talking to all of these folks about...lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world). Extremely...exciting. [post 1 of 2....stay tuned]
6-17-2016 Intel Guru Blondie PM Abadi has announced that the city of Fallujah has been liberated and that the Iraqi National Flag has been raised over the Central Government building in the center of the city. Only ill-equipped, poorly-trained, small pockets of terrorists remain and they are expected to be defeated "in the coming hours." This is reported in news articles and on Abadi's Facebook page. Abadi also said previously that he would swear in the 22 new MP's once Fallujah was liberated. Action in Mosul has already begun. Things appear to be speeding up politically and with respect to liberating the country.
6-17-2016 Newshound Guru rcookie ABADI GOING ON IRAQI TELEVISION THIS EVENING TO ANNOUNCE LIBERATION OF FALLUJAH...
6-17-2016 Intel Guru Frank26 ...we are looking at the security in the GOI and the CBI. Now the CBI security and the GOI security is being groomed and is being developed but not only at a pace but at a production very, very shocking...These guys are doing it. Abadi is delivering the ball to so many different departments in the GOI and in the CBI...bringing security to the GOI and the CBI in MANY FACETS! We have the security, IMO with the cities that we need. Why do want Mosul so badly...There’s no international company that will invest in Iraq with ISIS...The process to reach the revalue-ization of their currency will speed up very fast once they tell you about Mosul. IMO, Iraq has a time frame...you have to look at this timeframe IMO, in its entirety. You cannot separate. See how everything is connected? Everything is coming together at one...IMO. [post 3 of 3]
6-17-2016 Newshound Guru Breitling …They are talking about lifting restrictions. Those restrictions have to do with the value of the currency. So it’s not technical or any laws that need to be passed or anything like that because there isn’t any restrictions on the currency. You can trade as much as you want. Banks can inner-exchange as much as they want. There are no restrictions. I bought my currency from Chase Bank. Chase bought it from Bank of America. Bank of America has a seat on the auction floor and bought it from the CBI on floor in Iraq. So this is a code word. For the first time since I’ve been in this investment…it is a true code where they want to add value and that’s going to help move the Iraqi dinar around the planet. Specifically the reason the CBI wants Citi Bank to be part of that (they want all the banks)…what are they after? Supply times velocity. The same good ole fashioned formula that the US uses to maintain and dominate the globe with…hallelujah [Post 2 of 2]
6-17-2016 Intel Guru Frank26 The auctions, the MCPs [Multi Currency Policy] and the T&Ts [Taxes & Tariffs]...They all have to happen at once. IMO...have to be done instantly together...or the MR [Monetary Reform] will fail. They all have to be stopped at once or they all have to hold their breath at once at least for three (3) days. (smile)…and anything else and anything less than that is an indicator that they are about to raise their value of their currency within that timeframe. ...the loans...well the loans maybe they made the loans with a different rate. IMO, inside of Iraq, 1:1, and we told you about the bridge of three (3) days that will actually be driven, the market will get it for those three days. It will drive it, and when outside of Iraq finally given to us, I don’t think it’s going to be 1:1... These loans are being backed by the United States of America and trust me, we’re not stupid, we don’t want to go into any further debt. [post 2 of 3....stay tuned]
6-17-2016 Newshound Guru Breitling ...They want to get rid of some of the restrictions that is stopping the Iraqi dinar to not be [from being] traded globally…"let’s make it easier". It is great news and the language is fantastic! …Bank of America is buying dinars off the auction floor. Are they selling it to you and me? No. Ask them if they sell dinar and they’ll tell you “no…you don’t want to get into that stuff.” But they are still buying it from the auction floor and Chase is still buying it from Bank of America. That’s where I bought my dinars when they used to actually sell dinar. Are they selling it to the public now? no. But they are still buying it from Bank of America. Do you see the pattern here? It’s not very hard to follow…It’s a very important currency…there is a lot of money being spent. A lot of US Treasury being spent to help maintain a structure so the Iraqi dinar can gain true value and that is another thing people miss…We see things that most people don’t see and it’s designed not to be seen. [Post 1 of 2]
6-17-2016 Intel Guru Frank26 Obviously, we all want to know what this LOI says...the wording of the LOI. ...we all know...that there’s an agreement. The agreement has been met half way in the sense that the IMF kept their part. it is now become “their” plan and that plan is in an LOI that has been given to the IMF from all representation of Iraq. This is HUGE and this is what we are waiting for. ...this country is surrounding itself with many things that are needed for the International World to accept them. Are you ready to lift the value of your currency? ...We’ll give you Article 8, that’s the only thing that’s left that’s keeping you away from the international world. [post 1 of 3....stay tuned]
6-17-2016 Newshound Guru Millionday Quote: "...with Iraq 's openness to the world and within the efforts to double the non - oil fiscal imports, comes an urgent need to develop the Iraqi ports of the importance of its strategic as a link between the continents of the world point. He called advisory in industrial development and investment Amer Jeweler to expedite the completion of the port great Faw utmost importance in supporting the country's economy..." THAT MEANS THAT THE ORDERS HAVE BEEN GIVEN TO HURRY UP AND GET THE PORT OF FAW READY WITH CUSTOMS AND ALL NEEDED FOR IMPORTS BECAUSE IRAQ IS OPENING TO WORLD TRADE AND IT IS NEEDED TO BRING IN ALL IMPORTS AND TAKE OUT MADE IN IRAQ AS WELL. THINGS ARE MOVING SO FAST THAT I THINK YOU WILL BE SHOCKED AT HOW MANY OF US WILL BE LOADED WITH NEWS IN THE NEXT WEEKS...
6-17-2016 Newshound Guru tlm724 Article quote: "...a review of laws that have affected the performance of banks and activating insurers pointing at the same time that business trends misconceptions contributed to the migration of the Iraqi capital out of the country and the state 's economic and political appropriate targets for the return of the money put through specialized institutions" it is interesting this article should come up today where it speaks of the laws and the process of creating the right conditions for growth. [Guru] BondLady has said this whole process is like the spokes on a wheel and as each spoke is added it strengthens the wheel. if we look at the laws as the spokes, each time they pass one it makes everything stronger. part of the problem is that some of laws require other laws to be passed as well, for instance the tariff law needs the support of product protection etc... so yes they pass laws like the AML but as we saw the other day it too needed additional laws to support it...and the wheel gets stronger everyday.
6-17-2016 Intel Guru Bruce ...There is no other option for the world but to RV ASAP... Higher rates frozen on screens at WF, HSBC, Bank of China, Scotia. Lower rates frozen on screens on Brick and Mortar, Chase, Citibank, etc. WE have exhausted everything we have of intel. Now a matter of performance. That is where we are. Ready for it to come forth. Hopefully see that blessing come forth in short order. I just got a call. [Guru] Okie is planning on coming in for a landing.
6-16-2016 Newshound Guru mike While I remain hopeful that Parliament is going to get over themselves and get to work for the people of Iraq, I'll believe it when I see it. It's abundantly clear that they're not afraid of the protesters, they've broken into both the PM's office and Parliament itself and still these guys won't cooperate. The first thing we need is the Federal Courts decision on whether or not Jabouri is still the Speaker of the House and then we'll need Abadi to cobble together some kind of coalition to get the reforms through. That's not going to be an easy task even if they somehow manage to remove ISIL from Fallujah. Doing that should give Abadi enough credibility to gather the necessary MP's to push through all the legislation that's needed to move the country forward. Your move Iraq.
6-16-2016 Newshound Guru tlm724 Article quote: "The receipt of the loan terms are subject to controls by the direction of the loan," he said. "The World Bank is setting the direction for the loans." IMF loan means the recovery of the economy *hallelujah*
6-16-2016 Newshound Guru wmawhite " ...BY PROVIDING FACILITIES & LOGISTICAL SUPPORT AND IMPORTANCE OF PLANNING FOR RETURN OF IRAQI CAPITAL TO THE COUNTRY AND TAKE ADVANTAGE OF THEM IN IRAQI CURRENCY SUPPORT." Here you go...how will they do this if their currency is of little value? In order for many of the Iraqis to return they need something of value to return to.
6-16-2016 Intel/Newshound Guru Backdoc WHO CO-SIGNED ON THE IMF LOANS? RIGHT! THE U.S.! SO WHATEVER AFFECTS THE U.S. AFFECTS IRAQ! WAS IT A SURPRISE TO YOU THAT IRAQ MOVED THE TARIFFS FROM THE 15TH TO THE 25TH? WILL THE IMF FOLLOW THROUGH WITH, "ALL WILL BE DONE BY MID YEAR"? WITH NO OTHER WORD, AND WITH MANY POINTS OF GLOBAL PROGRESS, WE HAVE TO BE ENCOURAGED.
6-16-2016 Intel Guru Frank26 While all of these activities are going on...you have the taxes and the tariffs at the borders that are being set up. They used to collect them manually but...it’s not going to be manual anymore. And that’s why the World Trade Organization (WTO) is asking Iraq, “will you guys join us?” And the reason why is because that they got the coding a long time ago and they are about to implement it in the taxes and tariffs at their borders. Now the software to reveal this encoding of every item that is going to be taxed...is only going to increase their revenues of the country...Not only in shipping imports but exports as well. They set up an E-Government system and electronic taxes…all of this with the software that will give them the encoding that will allow them to become World Trade Organization members? Hmmm…I guess the timing to join them is exactly right because an LOI [Letter of Intent]...This is a very sophisticated system and not for no program rate. The IMF has a LOI of what Iraq wants to do and the evidence of this agreement is all over the place.
6-16-2016 Newshound Guru rcookie Article: "Kurdistan: ready for a new oil deal with Baghdad against the billion dollars a month" SO...KURDS ON BOARD FOR NEW OIL DEAL...WHERBY GOI GIVES THEM 1 BILLION AND THEY AGREE TO RAMP PRODUCTION AND PROCESS THROUGH BAGHDAD....ALL FOR A MEASLY 1 BILLION PER MONTH...UNDERSTAND WITHOUT THE UST AND CBI AND INT'L AGENCIES AUDITING...MONITORING...PRODUCTION RECORDS... BANK RECORDS...THIS WOULD NOT BE A CONSIDERATION. THEY HAVE COOKED THE BOOKS AND PRODUCTION FOR YEARS...THE CBI BEING THERE WITH ALL OF THOSE AGENCIES CREATES A TOTALLY DIFFERENT TRANSPARENT LANDSCAPE!
6-16-2016 Newshound Guru wmawhite IMO, Iraq is now engaged within the global Economy markets. In fact...This article is more evidence that Iraq (the CBI, GOI, and its’ banks) have entered the global economy markets. Quote: "...Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world)." If Iraq was not part of the global economy markets, why would one of the world’s leading banks, Citibank, being discussing with the Trade Bank of Iraq (TBI) about now to...“develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq”...and... “lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).” This is Citibank...which I believe is aligned with the TBI...The trade Bank of Iraq which is the CBI's arm that reaches outside of Iraq.
6-16-2016 Intel Guru SteveI Topic: "Kurds ready for a billion dollar deal with Baghdad" Extremely positive. I see very good things ahead.
6-16-2016 Newshound Guru wmawhite Article quote: "BECAUSE THE CURRENCY'S STRENGTH LIES IN CASH RESERVE SIZE OR PRECIOUS METAL AT THE WORLD BANK..." this is the first time we see that Iraq has reserves on deposit at the World Bank...
6-16-2016 Newshound Guru tlm724 Article quote: "the Iraqi Kurds are ready to conclude an agreement with the federal government in Baghdad on increasing oil exports, if guaranteed them a monthly income of one billion dollars." the Kurds are saying give us a billion dollars each month...that is close to 17% of the budget...their share of the federal budget which they are entitled too and if they can be assured they get their monthly payment then they will pump more oil through Baghdad and they will agree to a new oil agreement. this has great potential and sets the stage for passing the HCL! and if they can pass the HCL it will totally change the landscape in Iraq. it will unite the country and the people will benefit too...it will bring in more international oil companies and regular companies too with a renewed confidence in Iraq! they have to show the world they are worthy and the HCL will certainly further that along...and protect contracts etc...
6-15-2016 Intel/Newshound Guru Poppy3 I HAVE HAD SUCH A PIECE OF MIND FOR THE LAST FEW WEEKS THAT THE RV IS TRULY HAPPENING AND WILL SHOW BEFORE THE SECOND WEEK OF JULY. MY SOURCES...ARE STILL CONFIDENT THE INFO THEY HAD THEN WAS CORRECT AND HASN'T DEVIATED SINCE. THEN ALL THE GREAT NEWS...HAVE LAID OUT THE SAME TIME PERIOD. YES I AM RELAXED AND HAVE MY EXPECTOR ON. WISHING ALL OF YOU TO HAVE THE SAME CONFIDENCE IN WHAT IS HAPPENING AS I HAVE.
6-15-2016 Newshound Guru Kaperoni Article "Iraqi trade talks with Citibank to develop relations" Quote: "...lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world)." [They are talking about an internationally convertible currency.] For sure the right words, but Iraq has work to do with compliance. Convertibility is coming once the IMF and the CBI work out the transition to Article VIII.
6-15-2016 Newshound Guru Mountainman Article: "Iraqi trade talks with Citibank to develop relations" Quote: "...(the meeting between the two sides is part of the bank's policy of developing relations with major international banks and financial institutions around the world..." AWESOME...No MORE Stopping and Starting...IRAQ is MOVING FORWARD...(NOT) Backwards...TIMING is KEY...and INTERNATIONAL BELLS are RINGING...The WEDDING is NEAR and The DANCING in the Streets Are Speaking Loudly..
6-15-2016 Intel Guru Frank26 ...they did a lot of things in this process in order to become known internationally...Isn’t it amazing? Congratulations! In fact...the World Trade Organization (WTO), which is an international organization comes out and says, “Hey guys…when you get the true rate, and you get those taxes on the borders, and you get everything all set…this is going to be good. And in fact, we want you to join us.” [post 2 of 2]
6-15-2016 Intel Guru Frank26 ...the IMF, the International Monetary Fund, tells countries what to do with their currency...They can increase their currency, decrease their currency, print new currency, print new plates, whatever the case is, the IMF is involved with that, globally, internationally. “Iraq sent a message to the IMF on the 15 of May confirming their “agreement” to the conditions and the mechanisms and the framework for the physical policy”…that’s financial…” for the fiscal policy and presented it to the IMF board at the end of June.” ...this is not even the end of June. Do you see how far ahead of schedule they are? There is just a lot of evidence of the fact that they...are following the steps of the IMF to lead themselves into the international world the way the IMF promised them in the first half of 2016…and here we are... [post 1 of 2....stay tuned]
6-15-2016 Newshound Guru rcookie IN THE LAST 10 DAYS...THEY ANNOUNCED THEY ARE GOING TO RAISE SOME OF THE TAXES APPLIED TO CERTAIN GOODS EFFECTIVE JUNE 15TH.... AND WOULD BE PUBLISHING THOSE RATE INCREASES IN ENGLISH AT SOME POINT PRIOR TO IMPLEMENTATION... SUNDAY THEY ANNOUNCED DELAYING THE APPLICATION OF THE NEW INCREASES UNTIL THE 25TH OF JUNE...THE EXISTING 2010 CUSTOMS TARIFFS ARE CONTINUED TO BE COLLECTED...WE HAVE SEEN IN LAST 10 DAYS THE REOPENING OF JODAN BORDER CROSSING AND THE KURD/SYRIAN BORDER CROSSING...AND IMO THEY ARE BRINGING THOSE ON LINE.
6-15-2016 Newshound Guru Poppy3 Article: "Iraqi government agree to request the IMF to lend her actions" Quotes "...the Iraqi government agreed to request the IMF to lend her actions, adding that among the measures pay off all the arrears owed to foreign oil companies..." "...the Minister of Finance Hoshiyar Zebari, said that the agreement with the IMF will open the door for Iraq 's international aid worth up to $ 18 billion over three years."
6-15-2016 Newshound Guru Chattels ...the Iraqi cabinet did obtain a quorum today and all Kurdish ministers were in attendance. Also, there appears to be implementation / progress on the anti - laundering law by the CBI and general banking reform.
6-15-22016 Intel Guru Bruce I know that we were waiting for Iraq to pay their citizens all over the country of Iraq and internationally at the same rate, and back pay that they owe their citizens from all the way back from 2013. They did it. It was requirement by IMF. It was accomplished overnight. That put us in a new position of moving forward because of that. We are at where the ball is meeting that bat.
6-14-2016 Newshound Guru tlm724 Article quote: "the Finance Committee followed up the subject of money laundering through the achievement of money laundering of 2015 law ", noting that " follow - money laundering focus of Money Laundering Office, a competent central point..." so the committee did it's part now it's up to the CBI to implement it and they are!
6-14-2016 Newshound Guru Shredd Article: "Foil attempted theft billion and {380} million dinars from the Rasheed Bank" glad their security measures are working...all necessary dominoes in place and working...they'll need to continue to adjust from losses but good to see this.
6-14-2016 Newshound Guru tlm724 Article quote: "Iraq says IMF deal ‘on track’ as cabinet approves reform package...Iraq has approved measures requested by the International Monetary Fund to unlock loans..." Iraq says IMF deal ‘on track’ as cabinet approves reform package...plan coming together.
6-14-2016 Newshound Guru rcookie Article quote: "Integrity Commission announced on Tuesday thwarted an attempt to steal 7 billion and a half of government bank through a forged letter of guarantee..." THIS IS THE EXACT TYPE OF SCHEME THEY HAVE BEEN GETTING AWAY WITH IN THE PAST...FORGED LETTERS OF CREDIT...TAKEN TO AUCTION WINDOW AND TAKEN RIGHT OUT OF IRAQ...
6-14-2016 Newshound Guru Poppy3 ...I JUST GOT A NOTICE THE TARIFFS WILL BE DELAYED 10 DAYS TILL THE 25TH OF JUNE...GOT THIS NOTICE FROM A FRIEND SOURCE.
6-14-2016 Intel Guru hub at this point if iraq revalued their currency to the pre hussien era or $3.22 (plus inflation???) as we have heard for many years, iraq will not have enough resources to stand behind this amount of outstanding dinar. So the point of this diatribe is iraq cannot withstand the ramifications of not putting an international accepted value on their currency and continuing with a non accepted sanctioned low valued monies. with all the ink we have seen about iraq, they must be close to doing whats necessary for them to take their place in the world economy. [post 2 of 2]
6-14-2016 Intel Guru hub can Iraq never put a better value on the dinar that the ole 1170/1? yes...they do not have to have a value greater than this. if they dont revalue, what will happen. contracts of all kinds will be paid at the 1170 rate and hundreds of trillions of dinars will be owed. so we have the so called richest country in the world with a currency along the value of the worst currencies in the world. 100's of trillions of dinar at a 1/10cent each scattered all over the industrialized world if contractors will even accept this exotic currency. so now iraq has a LOT of 1170 currency out when they finally get the goi in order, the cbi in order, the terrorist rounded up, imf satisfied, un satisfied, wto satisfied, bis satisfied, ust satisfied, and every other three letter agency we have heard about satisfied. [post 1 of 2....stay tuned]
6-14-2016 Newshound Guru wmawhite "He praised the Governor of the Central Bank of Iraq on the Keywords big efforts made by the Iraqi private banks association...the central bank is ready to cooperate with the Association in the implementation of programs is in the financial and economic sector...and the subject of the fight against money laundering..." This article is about the Iraqi Private Banking Association training Iraqi citizens in the fight against corruption, money laundering, and terrorism financing within the Iraqi financial sector. The association had their first graduating class and they were congratulated by the Governor of the Central Bank of Iraq. ...the importance of this...is that Iraq is now training their own citizens to do what other countries were having to do for Iraq...This is the building of "Institutions" Here an Association of Private Banks...is taking the lead in fighting corruption. ...Iraq is "turning the corner" and will earn the respect from other countries. Action as required by the LOI... "IMF 2016 LETTER OF INTENT...The government will implement reforms on anti-money laundering and combating the financing of terrorism (AML/CFT)."
6-14-2016 Newshound Guru firefly IMF stated Iraq WILL enter the Global Markets during the 1st half of 2016. I havent seen or heard anything different yet.
6-14-2016 Newshound Guru mike Article: "The central bank plans to activate the "special anti-money laundering unit" and is considering cooperation with the Association of Banks" I think they're just activating the AML that Parliament's already passed. It's one of the first steps to joining the international banking community... The CBI is supposed to be separate from the government and they do maintain control over certain aspects of monetary policy but in the end, they still need the GOI to create legislation and provide the foundation for a change in the currency. If anything, Shabibi taught us that the CBI is not completely independent from the GOI, at least not yet anyway.
6-13-2016 Newshound Guru firefly Quote: “The IMF Board could consider the three-year SBA [Stand By Agreement] once agreed prior actions have been implemented, in June or July." once agreed prior actions have been implemented...The key here is the 3 yr SBA should go into effect once the agreed upon actions HAVE been IMPLEMENTED...Straight from the horses mouth folks!
6-13-2016 Newshound Guru rcookie THEY NEED THE TAX REVENUE GENERATION AND THE TIMELY, ACCURATE AND TRANSPARENT FINANCIAL & ECONOMIC REPORTING FROM ALL PROVINCES SO PURE...RAW DATA CAPTURE IS FINALLY MADE TO IMF...WB...WTO ETC...THIS IS TO WEEN THEMSELVES AND GDP AWAY FROM OIL DEPENDENCY AS THE IMF AND ALL INT'L AGENCIES HAVE BEEN SCREAMING AT THE ENTIRE REGION ABOUT...DIVERSIFYING REVENUE STREAMS AWAY FROM OIL...THIS IS TO PROVE THEY ARE CAPABLE OF A FULLY FUNCTIONING AND EXECUTABLE BUDGET... [post 2 of 2]
6-13-2016 Newshound Guru rcookie THE NEWLY ANNOUNCED CUSTOMS INCREASES REFER TO INCREASES IN CERTAIN GOODS THAT WILL SEE SPECIFIC INCREASE FROM THE 2010 RATES THAT WERE LAUNCHED IN JANUARY ACROSS THE BOARD...THEY ARE REPORTED TO IMPLEMENTED ON THE 15TH...THIS IS WHAT THE IMF TASKED THEM TO DO...THEY NEED TO GENERATE 7.8 TRILLION IN NON OIL REVENUES...AND THIS IS WHAT THEY DID...AND HAVE BEEN DOING SINCE JANUARY...THEY LOOK TO BE ON TARGET...ACCORDING TO REPORTS... [post 1 of 2....stay tuned]
6-13-2016 Newshound Guru Mountainman [My understanding of a LOI, is to outline an agreement before it is finalized. It is to indicate the intentions of both parties in a formal written manner.] Yes and No...it's CONTRACTUAL...Meaning ONCE You Signed it...You are BOUND by IT...Thus IRAQ has No RETREAT...and The CONSEQUENCES are DIRE...WAKE UP Call IRAQ...
6-13-2016 Newshound Guru firefly Article quote: "...a proposal from the Iraqi government for economic and financial reforms approved by the International Monetary Fund and considered successful in this area..." Looking good folks. NO CHANGES from their plan! in fact IMO, they are well ahead of the agenda. [...you have any odds for this by the end of the month? 50-50? or perhaps better?] IMO it can literally happen at any moment.
6-13-2016 Intel Guru SteveI Article: "Iraq says IMF deal "on track" as cabinet approves reform package" This is simply awesome news. It is all coming together very nicely. Quote: "help the country overcome a cash crunch caused by declining oil revenue". We were told that the government was out or running out of money to even make upcoming payroll. I see good great times ahead for all of us including the Iraqi Citizens and the global economy.
6-13-2016 Newshound Guru rcookie ...THEY HAVE BEEN COLLECTING THE 2010 CUSTOMS TARIFFS SINCE JANUARY...WHAT THEY ARE TALKING ABOUT NOW IS REVISING AN INCREASE INTO SOME OF THE TAX RATES AND WILL BEGIN IMPLEMENTATION AS OF THE 15TH BY MOST REPORTS...
6-13-2016 Intel Guru SteveI In the past administration, there were many parliament members who had interests or positions in various banking institutions around Iraq. In order for Abadi to get the theft under control, he had to fire and replace everyone that had a position or stake in any financial institution. Part of the agreement that was made between Iraq and the IMF was changing the banking guidelines and control the money laundering, etc. This was done by re-shuffling (for the lack of any better terms) the administration and replacing most of them. This just confirms the goals and ambitions of Iraq desperately wanting to comply with every part of the IMF agreement to obtain the loans...you are starting to hear more and more about things getting done to get the loans from the IMF. This was part of it. This is starting to get very exciting folks. It appears that Iraq is on a mission to enter the global world trade and comply with all aspects of the IMF's letter of intent dated December 22, 2015.
6-13-2016 Newshound/Intel Guru Randy Koonce Is the Pressure heavy? YES! Is the Pressure enough? This time I feel very good about this window... Could we be wrong? Sure... Like I said, I cannot circumvent that phone call between a president and a prime minister... But the pressure is great from all other Government agencies to finish this up, and Iraq is almost begging to get their money out... This one does look good... This window will go to the 1st of July even though the intel and articles are saying the 15 16th of June. Iraq has never been ‘Speedy Gonzales’ on doing anything...I need people to Quit worrying if this is going to happen. It is only a matter of when. We are close... Every large bank will exchange... RELAX the RV is coming...Breathe... [post 2 of 2]
6-13-2016 Newshound/Intel Guru Randy Koonce If you have been watching since Christmas, the Kurds have wanted the money that is due them; the Iraqi army has needed money to pay the troops; and, the Kurds need some money to pay their troops... So unless you were seeing all these things in the news, the RV is unlikely because there would not be enough pressure on our president to tell Abadi to release the RV... I am saying this, because that is what is in the paper right now... the Tariffs at the borders; the Kurds coming to town to get paid; and the Iraqis saying they are going to pay there people by the 15th 16th of June. So now, we are in a window where we know Iraq wants to do the RV, and the intel matches up: everyone wants to do the RV... it is a matter of, is there enough pressure on our president so that he will not continue telling Abadi not to do this thing. [post 1 of 2....stay tuned]
5-12-2016 Newshound Guru Mountainman (WARNING)...ATTENTION {ALL} PASSENGERS...MAKE SURE YOUR SEAT BELTS ARE FASTENED...AND CHAIRS ARE FULLY UPRIGHT...PLEASE MAKE SURE YOUR EATING TRAYS ARE AT THEIR CLOSED POSITIONS...(CAPTAIN SAYS)...WE ARE ENTERING OUR FINAL APPROACH TO OUR DESTINATION... HOWEVER, WE MAY EXPERIENCE SOME EXTREME TURBULENCE AS WE DESCEND TO A MORE COMFORTABLE ALTITUDE...PLEASE SIT BACK...THOSE WANDERING THE AISLES NEED TO RETURN TO THEIR SEATS...(TED NUGENT SAYS)...WE ARE COCKED, LOCKED, AND READY TO ROCK...CAPTAIN SIR! *** NOTE***EXTREME PRECISION/EXPERIENCE REQUIRED...DON'T TRY THIS ON YOUR OWN...THE NEW GLOBAL REALITY IS ABOUT TO LAND...Are YOU Ready...?
6-12-2016 Newshound/Intel Guru BGG [Have you heard any news on the tariffs being implemented fully?] Article quote: "Baghdad announced public company for Iraqi ports, on Thursday, the application of a new list of tariffs, as will be shown that the application of the middle of the current month of June..." not sure about "fully" - but they are talking about mid June...and that - my friends IS GOOD NEWS...because I have been pretty adamant in the past about full tariffs = value (or economic death)....let me point this out. I don't get the sense this is some "broad based" tariff implementation...but it is good news they are headed this direction...things feel a lot like a process "in motion" right now...if they elevate their full tariff package WITHOUT adding value to the Dinar - it would be economic SUICIDE...hence my comments - Tariffs fully implemented = value added to the Dinar.
6-12-2016 Newshound Guru Mountainman Do You Think These other GLOBAL Countries are going to Just Sit Back and WATCH their MONEY/Products be Misused and Abused w/Out A NEW VALUE...???...@#! No... So {ALL} other Signals APPEAR as to Show that IRAQ is Moving FORWARD to A VALUE Already in their Possession and is EXPECTED to PAY for these BEAUTIES w/A NEW RATE. The "SIGNS of the SANDS of TIME" are RUNNING OUT...The IMF said the FIRST Half of this YEAR...So WHY even give them ANYTHING Else, UNLESS the IRAQI Government is going to, or "HAS ALREADY" fulfilled What is REQUIRED for the REST of this STORY...???...=A {LOAN}...Hmmm...IMO. [post 2 of 2]
6-12-2016 Newshound Guru Mountainman Article: "Next month as the date for the arrival of new aircraft and a meal of the F16" Do You think IRAQ Bought these FIGHTER JETS at 1166...4 Have Arrived and 32 MORE will Be Coming...and that is Just from the U S A, NOT Including the Other ONES from (R U S S I A) that Will Provide What IRAQ Needs for Air Space and Ground Protection/Oversight of their Country...And HOW are They Paying for these w/{ALL} Other DEBT Obligations= CONTRACTS w/Other Countries on INFRASTRUCTURE Materials, Equipment etc...These F 16's are Noted at Approximately $165 MILLION DOLLARS EACH. WHAT {ALL} this Implies is that This Month Into Early JULY will have A NEW REALITY VALUE... [post 1 of 2....stay tuned]
6-12-2016 Newshound Guru tlm724 ...but as we know there is a new electronic system getting ready to be launched so if Abadi puts in new managers who will be grateful to have their positions they can start fresh with this new electronic system of oversight and transparency thus eliminating the lions share of corruption...so although it appears to have caused quite an uproar of indignation among the ministers we believe that it is all part of the reform process...paying off their debts, cleaning up the banks, getting rid of the crooked traders and banks, launching reform, the minister of planning launch last week, electronic banking system in place. I feel the free market economy coming on. [post 2 of 2]
6-12-2016 Newshound Guru tlm724 Press Release quote: "Finance Minister Hoshyar Zebari, the decision of Prime Minister Haider al-Abadi judge to dismiss a number of banks, managers, and expressed surprise at the lack of inclusion of the Central Bank and others." PM Abadi has the legal right to dismiss the bank managers of the state run banks...we KNOW 100 % that the IMF is in control of the economy including and not limited to the banking sector. ...do you believe that Abadi would make such a bold move without the consent of the IMF? I think we can all agree that Abadi did the right thing in firing these managers as they have held their positions for a very long time and during that time they know the banking system inside and out and how to work it to their advantage to steal etc... [post 1 of 2....stay tuned]
6-12-2016 Newshound Guru Breitling I understand many people got into the dinar on sheer hype…I still get email asking what’s the hold up…there is no holdup. A country’s values on the way it moves it moves slow. It’s massive. It’s big. It’s a big giant turtle…to someone who’s not trained in it they think that’s something wrong…nope. That’s not what’s going on. There’s nothing wrong at all…it’s closer than you think. Technically they can revalue today. Let them get past this stuff. Let them get past what their watching…the market and how the market is going to react so they can see the trend so they can actually start to pull the trigger. What I am looking for specifically is [with] the leeway that they have they might be able to (with out the markets being 100% predictable) they might be able to pull the trigger anyways on a percentage of what they can do. So there is always that option. It’s not a do or die situation for them. you should be very very happy because you are very very close.
6-12-2016 Newshound Guru mike If they continue to ignore the protesters demands, the only safe place for the MP's is going to be the Green Zone and that's not going to be enough. They have to get into their communities at some point to remain viable and visible, no one's going to follow a leader they can't see. These politicians put a lot of effort coming up with reasons to not protest. The battle in Fallujah, Ramadan and now the citizens well being. At some point, hopefully, they'll put some effort into accomplishing the reforms and satisfying the protesters demands. Or not. And then we'll get to watch how the Arab Spring accomplish reforms and it's not going to be pretty. Your move Abadi.
6-12-2016 Newshound Guru Kaperoni Yes the market rate is dropping... Good news... Last few days. ...June 8th -1272. ...June 9th - 1260.
6-11-2016 Newshound/Intel Guru BGG Article: "...the decision to" revitalize the banking sector and Sir national strategy to stimulate the economy and create jobs and implement launch loans for industrial projects, residential and commercial citizens the best formula, according to the government 's plans." I have been beating this drum lately about there being a GOI PLAN for a few days now...it's in print...they have been clear...now it looks a lot like Abaidi is moving things forward pretty fast...oddly enough - there was a bit about Maliki wanting to "take Iraq back" to a point sometime in the past - talking about Iraq needing a "strong man" leader...HE IS CRACKED. I really see this as success on multiple planes...Abadi not only evaded Maliki's direct charge on him (recently) - but he is having some real success in removing corruption and implementing serious reforms and advancements in Iraq's financial sector. The key to their future.
6-11-2016 Newshound Guru firefly Article quote: "In the case of our call deputies in response to attend scheduled to be held during the month of Ramadan, special meeting, after the issuance of the Federal Court decision on the two sessions of the parliament in April, we will attend to Baghdad to attend." ...And between, "we support the House of Representatives in his work" So much for parliament not meeting during Ramadan! Sounds like the Kurds are 100% satisfied and anxious to get it complete.
6-11-2016 Newshound Guru mike Article: "Calls for financial reforms of the International Monetary Fund" Quote: "report prepared by experts at the International Monetary Fund said that the budgets in the Middle East and Central Asia has shifted from surpluses to record large deficit." This is a good article, the IMF is stating the obvious, the ME lived in a world of surplus but those days are over, for now. Countries like Saudi Arabia, Qatar and Oman have all slashed their budgets, adding taxes and diversifying away from producing oil alone. These governments can no longer control the messaging and the people through patronage, the private sector is going to have to play a larger role now in these countries. Along with an open market comes an open country with more power distributed to the people, I'm looking forward to seeing that happen in Iraq as well.
6-11-2016 Newshound Guru Breitling …the question is what more do they have to do to be able to add value to their currency? Is their any laws they need to pass? They want to pass more laws. Now people are going to start looking at the date. They don’t need it. They can revalue today. BUT to make things work correctly and to move thing forward to where there is no competition on...their agenda…they need to pass some of this stuff. But they can revalue today. We don’t need to look for excuses for them to revalue…that’s there. That’s been there since last year. It’s pretty significant. [Post 2 of 2 stay tuned for the rest of the story]
6-11-2016 Newshound Guru rcookie Article: "Oil exports to America has tripled since last January" Quote: "Raising the Iraq of the daily production of oil to its highest ever to 4.5 million barrels a day in may, according to research firm estimates..." RIGHT UNDER OUR NOSES...IRAQ JACKS UP PRODUCTION TO 4.5 MBPD...WOW!
6-11-2016 Newshound Guru tlm7214 Article: "Keywords: administrative changes "necessary" and based on the requirements of the "urgent" ...not only have they appointed new staff but they also have oversight and a time frame to follow and why is that? because the changes coincided with the international loan for Iraq's security and the ongoing developments...all tied up nice and neat...when they were saying early last month that there were no conditions to the loans we knew better...
6-11-2016 Newshound Guru Breitling A lot of people been asking me about the auctions because of the articles coming out about it…to stage it correctly I mentioned specifically that when they start toying with the actions and reducing it or getting rid of it that that means our day is coming down the road. This is exactly what they are talking about. Article “Foreign exchange systems have been found to give rise to exchange restrictions and to multiple currency practices…” That was the game…they tried to use the auctions to manipulate the value and the supply times velocity of the dinar. They also wanted to control the foreign currency coming in…it’s no coincidence that there is more and more talk about getting rid of the actions…. [Post 1 of 2 stay tuned for the rest of the story]
6-11-2016 Newshound Guru firefly Do not be dismayed or frustrated if it doesn't happen by the end of this month. Remember, they will never tell us a date until after the fact. Just know it is real and coming! I hate to use soon but yes, VERY soon. The evidence is right before our eyes... They would not be going through the process with the IMF, WB, UN, UST, if they had no intentions of fulfilling their end of the agreement.
6-11-2016 Intel Guru SteveI Topic: "Iraqi ports apply "new tariff" mid-June current" [Raising the cost of goods on the citizens should go over like a lead ballon - based on their current purchasing power...] Yes, unless that changes.
6-11-2016 Newshound Guru Chattels ...neither Abadi nor Sadr are making any real effort to fight corruption. there has not been a single prosecution of a political insider from any Shia Islamist or Kurdish faction, or even from any Sunni Arab faction on good terms with Baghdad. Abadi has no electoral mandate or even a governing coalition in parliament...the crisis of institutions remains, and only on June 7 was he again able to get a majority of ministers to attend cabinet meetings and indisputably establish legal quorum. Parliament, now in recess, has likewise made quorum only once since April 26, with Jaburi’s status as speaker presently under legal challenge. It remains unclear whether Abadi can use the current breathing space to get political institutions back on track.
6-10-2016 Newshound Guru firefly Article quote: "the International Monetary Fund put a date ends on June 15 of the current month to the approval of the Iraqi government on the conditions for granting a loan of $ 5 billion and
$ 400 million." That loan is CONDITIONAL. This is why both the IMF and Iraq had to agree on the terms. Like I said, NOTHING else matters to me...PERIOD.
6-10-2016 Newshound Guru tlm724 Article: "The General Company for Ports of Iraq, decided to apply the list of tariff revenues and new wages for 2016 as of June 15 this..." "new tariff" mid-June *wolfwhistle* thats pretty *mission*.
6-10-2016 Intel Guru Bruce Everything was ready to go today. Lead bank was ready to go. We heard this earlier today. We know that it’s right there. Heard that rates at US banks were frozen on the screens last night, unfrozen this morning, may freeze again tonight. Redemption centers are doing final security checks...Rates will be highest first 6 days and difference will be substantial. Staggering difference in rates after day 6. Almost 7,000 redemption centers, so 6 days should be plenty of time to exchange all of us.
6-10-2016 Newshound Guru rcookie ...THE 2010 CUSTOMS TARIFFS WAS NEVER IN QUESTION OF BEING EXECUTED THIS YEAR NOT ONLY BECAUSE WRITTEN INTO BUDGET...AND IMPORTANT INITIATIVE IN IMF LOI...BUT NECESSARY TO BE GATT COMPLIANT IF THEY ASPIRE TO BE GATT COMPLIANT FOR WTO ACCESSION...GATT STANDS FOR ...GENERAL AGREEMENTS ON TARIFFS AND TRADE.
6-10-2016 Intel/Newshound Guru Backdoc THE TARIFFS GET IMPLEMENTED ON THE BOARDERS ON THE 15TH IN IRAQ! THE LOAN IN IRAQ WITH THE IMF IS IMPLEMENTED ON THE 15TH!
6-10-2016 Newshound Guru rcookie Article: "We will attend the special meeting: Kurdistan is invited to attend" Quote: "The Kurdistan Alliance, announced Thursday that he would attend the special meeting to be held during the holy month of Ramadan, in case it has been invited to attend." SO KURDS ARE ON RECORD OF ATTENDING SPECIAL SESSIONS DURING RAMADAN IF CALLED....
6-10-2016 Intel/Newshound Guru Backdoc COUNTRIES SEEM TO BE ALREADY USING THEIR RATE CHANGES BEFORE IT GETS TO US! ...THEY PUT 80% OF THEIR DEBT IN DOLLARS...AND...THEY CALLED IT A CLEVER MOVE? WELL HERE'S WHY! THEY GET A HIGHER SOVEREIGN VALUE FOR THEIR CURRENCY NOW AND THEY CAN USE THAT CASH TO EXTINGUISH THE MONOPOLY MONEY DOLLARS! HEE HEE. THE INTERESTING THING IS THEY ARE DOING IT ALL BEFORE IT EVEN HITS THE STREETS, OR AT LEAST SOME OF IT NOW! HOLY COW! AMAZING! THEY CAN ONLY PLAY HIDE AND SEEK SO LONG...THIS COUNTRY TO COUNTRY STUFF HAS TO COME TO AN END! ITS TIME TO MAKE THE DONUTS BOYS AND LET THE PUBLIC GAMES BEGIN! PRIVATE SECTOR LAUNCH PLEASE, AND NO LATER THAN MID-MONTH THANK YOU!
6-9-2016 Newshound Guru Breitling …If I was to go to court and someone would say…”you said it [the dinar] was going to come out at a buck seventeen.” I’d say, No, I didn’t say that…the Iraqi Parliament said that. The CBI’s made those statements…I just followed it. “Well you said that it would come out after a while after they reduced the note count to a certain number that there target rate is $3.25.” I didn’t say that…The CBI made that statement. The Ministry of Planning made that statement. Parliament made that statement to the IMF when they asked if the IMF can help them regain their economy so they can get back to their original rate. That’s how you should play the game. There is no guessing…time frame is what we’re battling against. If you guys only knew you wouldn’t worry because it’s a reality thats coming down the road. None of this is based on hype.
6-10-2016 Newshound/Intel Guru BGG [SIGR Report...THIS REPORT WAS SENT TO CONGRESS...(it appears to be from May of 2014). IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.] This is...from the “Special Inspector General for Iraq Reconstruction” – May 2014, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them. I point out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights...It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now. Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″…This is PUBLISHED INFO FOLKS…NOT HEARSAY...
6-9-2016 Newshound Guru firefly Reuters Article: "Iraq plans deposit guarantee fund to curb cash stashing" Quote: "Iraq plans to set up a deposit guarantee fund to encourage Iraqis to use banking services and to develop the financial industry, the central bank said." Reuters folks! A day after Iraq agreed to the requirements? WOW, WOW, WOW. We are looking at a position where everything is ready IMO.
6-9-2016 Newshound Guru Aggiedad77 One by one the villages are being cleared of DAASH/ISIS elements...one by one the neighborhoods are being wiped clean of DAASH/ISIS presence...they have edited...they cleanse...they mop up...these steps will make it safe for the citizens to return to their homes once again...to new freedoms...to a new Iraq...it is happening right before our eyes...the evil dissolves and the good will hold strong and win...
6-9-2016 Newshound Guru firefly Article quote: "...the financial advisor to the Prime Minister and the appearance of Mohammed Saleh revealed on 27 May 2016, that the amount of "international financial umbrella" will get Iraq estimated at approximately $20 billion, as called for economic and investment commission..." Got raised 20 billion ...15 from IMF and 5 from WB...Very good news! Nothing else matters right now IMO but this loan as an indicator. The key IMO is when they tell us The 1st installment has begun.
6-9-2016 Newshound Guru Aggiedad77 This June 15 date is at or near the 20 day extension the Iraqis were given on May 28...They have a specific time frame in which they are to approve the conditions that were given by the IMF...in fact we think they have already approved this conditions and they simply need to communicate that to the IMF...Frank [Guru Frank26] has mentioned that the CBI is working together now with the Finance Committee in Parliament ...they are getting their ducks lined up to insure these loans become a reality...Keep focused on what is going on with Fallujah and Mosul as well though...they too are key events in all that is happening in Iraq right now.
6-9-2016 Newshound Guru rcookie THE AGRICULTURAL & INDUSTRIAL DEVELOPMENT PROJECTS IN AND AROUND FALLUJAH WILL START AFTER LIBERATION...THE ECONOMIC REFORMS HAVE BEEN AND ARE BEING COMPLETED AND READY FOR ACTIVATION....(LOANS/INVESTMENT LAWS/REAL ESTATE & LAND PROGRAMS ETC...)
6-9-2016 Newshound Guru Kaperoni Articles: "The formation of guarantee bank deposits, the company is a positive step" "The announcement of the founding of the company to guarantee deposits of banks with a capital of 100 billion dinars" Quote: "...the leader of the Supreme Islamic Iraqi Council, Adel Abdul Mahdi, to guarantee bank deposits proposed by the Central Bank with a capital of 100 billion dinars by the company, and approved by the Council of Ministers..." This is good news.
6-9-2016 Newshound Guru tlm724 Article: "Currency market focus monopolistic central policy weighed on the dollar cut" Quote: "a bank the latest shock in market by addressing the monopoly and speculation and left after it cut through the exchange rates..." oh be sure to tell everyone you have control but you never exercised it...they coulda and shoulda fixed this long ago, the CBI is no place for incompetence... but now they have the IMF and WB working it... *hallelujah* ...Really good article, explicitly speaking to rate stability. Great timing too imo.
6-9-2016 Newshound Guru Bondlady Article: "Oil exports to America have tripled since January last" this is so important and significant for Iraq...during saddams peak of exporting oil...his top was 3 million barrels of oil per day...with a dinar exchange rate at that time was approximately 3 to 1... 3$ to 1 dinar...Wink. ...granted the oil prices was a lil higher then but there over 50$ a barrel now, plus they no longer waste, burn off the gas now, they export it ...the reforms are so important... to set Iraq back on the correct path for economic success..imo.
6-9-2016 Newshound Guru wmawhite Article quote: "IRAQ LOOKING WITH EU FOR ASSISTANCE TO JOIN WORLD TRADE ORGANIZATION..." Any idea why it is the EU stepping forward to assist and not someone else? Look at where most of the investment is coming from to date into Iraq...the EU...The EU is biting at the bit ready to jump into Iraq. [Any idea how long WTO take to complete?] The WTO process is a multi year process...however, Iraq started it's process over 10 years ago...They are near the end of the process. [Is it true their currency has to have some kind of value for Iraq to gain acceptance to the w.t.o?] it will be in Iraq's benefit to trade with the IQD at its true value.
6-9-2016 Newshound Guru rcookie THE NEWS SINCE MONDAY IS SMOKIN!! Article quote: "IRAQ LOOKING WITH EU FOR ASSISTANCE TO JOIN WORLD TRADE ORGANIZATION..." SO THE EU [EUROPEAN UNION] IS GOING TO WORK WITH THEM FOR FULL ACCESSION TO WTO...
6-9-2016 Newshound Guru Aggiedad77 ...Iraq is building...and the international world is coming...they seem to be attempting to be so transparent in what they are doing...Abadi is leading this new "dream" for Iraq....what a leader and commander he is turning into...seems "we" have done a great job coaching.
6-9-2016 Newshound Guru rcookie ...THINK ABOUT THE IMPORTANCE OF RE-ENGAGING THE OCCUPIED AREAS OF FALLUJAH AND MOSUL FULLY FOR IRAQS ECONOMY AND EQUALLY IMPORTANT FOR IRAQ TO ONCE FULLY LIBERATED...FINALLY START TO GET RAW...PURE ACCURATE ECONOMIC DATA REPORTING FROM THESE AREAS THAT WILL LEAD TO UNSKEWED FINANCIAL & ECONOMIC NUMBERS TOWARD... GDP...CPI..INFLATION... PRICING STABILITY ETC...FOR THE INT'L AGENCIES REPORTING THAT RELY ON THIS TIMELY...ACCURATE...TRANSPARENT DATE REPORTING....IT IS HUGE AND COMPLETELY WHAT THE IMF..WORLD BANK AND WTO MUST HAVE...
6-8-2016 Intel/Newshound Guru Poppy3 I STILL HAVE SOME GREAT CONTACTS HERE AND THERE...CIVIL AND MILITARY SO I LISTEN TO WHAT THEY SAY AND WATCH THE ACTIONS OF ABADI AND THE CBI, IMF, WORLD BANK OR UNITED NATION WHEN THEY TALK FINANCE...THE REST IS JUST CLUTTER FOR ME. YES WE ARE IN THE CLOSING ROUNDS OF THIS FIGHT. JUST GET READY.
6-8-2016 Newshound Guru tlm724 Article: "Near the central announce the establishment of a deposit insurance corporation" Quote: "...the cabinet 's approval of the draft deposit guarantee system , which includes the establishment of the company contribute to encourage citizens to deposit their money in banks or government civil rather than keep them in their homes ." Cabinet held its regular meeting under the chairmanship of Prime Minister Dr. Haidar al-Abbadi. I get the impression it is already drafted and ready, a lot has been done in advance of launching several things during the last 10 days...in other words they get their ducks in a row prior to the announcement of launch (with the help of the IMF I am sure). they have known forever that it is a critical step in the banking reform, you can't reform without money and you can't get the needed liquidity to make it work unless the people make deposits..."crucial for when they move off of a dual currency regime" . I like that part Very Happy.
6-8-2016 Intel Guru SteveI [...joining the WTO is great but my take on it is that it's still a ways away as far as time is concerned. They are talking followup meeting in November if I remember right.] My guess...later this year. It will not be today or tomorrow or next week. Just the fact that it is in the works is very positive.
6-8-2016 Newshound Guru rcookie Article: "Iraq looking with the European Union to join the World Trade Organization procedures" [for Iraq to join the WTO they have to have an INTERNATIONALLY TRADED CURRENCY and for that to happen they have to have a real rate.] AND THEY HAVE TO HAVE ACCEPTED ARTICLE VIII OBLIGATIONS!!
6-8-2016 Newshound Guru tlm724 Article: "Iraq looking with the European Union to join the World Trade Organization procedures" Quote: "Confirmed the Ministry of Commerce, said Tuesday that Iraq needs a solid institutions recognized in the world as in some Arab countries, as discussed with the EU Commission to help Iraq to join the World Trade Organization." I LOVE IT!! WTO full membership should be in Iraq's relative near future, as they make the needed changes to the tax structure and continue on with reforms it only makes sense.
6-8-2016 Intel Guru SteveI Iraq's willingness to do this says a lot for the goals and desires to get their economy moving again in the right direction and bring in new global investors. Iraq is really now between a rock and a hard place because they need to move off of dead center and show that this new government is united and finally stepping in the same direction for the good of their people. Their county has been beat up pretty bad by ISIS and operation recovery is on is way or has already started. Huge accomplishments so far. Excited, well almost, but extremely optimistic with this type of news. All of our guys here in the US and in Iraq are hearing positive things on a daily basis.The momentum sure seems to be going in the favor of Iraq now. Major accomplishments and huge strides are being achieved weekly.
6-8-2016 Newshound Guru wmawhite [... where are we with the HCL?] IMO...the HCL is an...internal revenue issue with the GOI...and not a requirement for what the CBI will do internationally with the IQD.
6-8-2016 Intel Guru Frank26 ...the IMF made it their business to tell the international world...which is you...because you invested...which is many countries because they have invested...in the first half of this coming 2016 we are going to take Iraq into the international world...and...that is what you are seeing everywhere...and there are loans poised to give to them...not so they could qualify for the international status...no...so they could qualify for a credit rating that allows them to enter into the international world...
6-8-2016 Intel/Newshound Guru Poppy3 EVERYTHING THEY HAVE DONE SINCE JANUARY HAS BEEN DIRECTED TO MANAGING THE COMPLETION OF FINANCIAL REFORM. ABADI HAS CONTINUALLY PERFORMED AND DONE JUST WHAT HE HAS SAID. HE HAS REMOVED ROAD BLOCKS AND BUILT WHAT I THOUGHT I WOULD NEVER SEE AND THATS A TEAM OF DIFFERENT TRIBAL GROUPS PULLING TO BUILD IRAQ BACK TO HER GLORY...ONE STEP AT A TIME AND IT WILL AGAIN BE REFERRED TO AS THE FINANCIAL MECCA OF THE WORLD. YES I AM VERY ENCOURAGED AND IN GREAT ANTICIPATION OF SEEING THE NEW RATE PLACED ON THE DINAR BEFORE THE END OF THIS MONTH AS HE PUSHES FORWARD TO MEET THE IMF, WORLD BANK DEADLINE TO ENTER A GLOBAL MARKET ECONOMY.
6-8-2016 Newshound Guru tlm724 Article quotes: "Iraq has become the world's fastest-growing oil producer with output up 50 percent since it signed contracts worth tens of billions of dollars with the likes of Lukoil, BP, Exxon Mobil and Royal Dutch Shell at the end of the last decade to help develop its huge oilfields." "We know about the IMF talks and we know that the IMF makes it conditional for Iraq to pay back the contractors," Alekperov said. "We hope they pay back all debts by November so we can start a new investment cycle before the end of the year." so we can start a new investment cycle before the end of the year, sweet! we aren't the only ones with renewed hope from the IMF taking control, a huge oil company (Lukoil) also has hope as do MANY other investors!
6-8-2016 Newshound Guru rcookie Article: "Parliamentary Economy: Conditions for international loans will improve the Iraqi economy" Quote: "borrowing Iraq from the IMF and World Bank , he will be subject to international standards and requirements...and that is important to raise the Iraqi economy in the event of the application of these requirements to the public and the private economy and be the level of the global economy." FINALLY SOME ACKNOWLEDGEMENT OF THE WB/IMF STRATEGY AS A FISCAL DISCIPLINE MODEL FOR IRAQ...
6-8-2016 Intel Guru Bruce SO FAR IT APPEARS WE ARE IN A VERY GOOD CLOSE PLACE, HEARD GOOD POSITIVE THINGS LAST FEW DAYS TO LED US BELIEVE AS FAR AS IRAQ POINT OF VIEW IT IS COMPLETE...ISX IS UP AND RUNNING...OUR BANKS ARE READY, LAST MINUTE ADJUSTMENTS WITH TIER ONE BANKS, THAT TOOK PLACE LAST WEEK OR SO. AS FAR AS WE KNOW EVERYTHING READY TO GO AS FAR AS REDEMPTION CENTERS, SECURITY... READY TO GO. WE ARE MOVING FORWARD IN THE TIME FRAME. THERE IS A HUGE POT OF GOLD AT END OF THIS RAINBOW.
6-7-2016 Newshound Guru wmawhite [do they need to completely do away with the auctions to go international?] Some countries around the global, regardless of whom they are selling to will only take payment in the USD. Therefore, some Iraqi importers will continue to have to pay in the USD...thus the need for the auctions...however, greatly reduced.
6-7-2016 Intel/Newshound Guru Poppy3 ...JUST AS ABADI PROMISED AND THE IMF AND WORLD BANK SAID THEY WILL FINISH FINANCIAL REFORM BEFORE THE END OF JUNE. ABADI ALSO STATED DASSH, ISIS WOULD NOT DELAY REFORM AND IN THE LAST WEEK THEY NOW HAVE THE IRAQ FLAGS FLYING IN FALLUJAH AND MOSUL. HE IS KEEPING HIS WORD GET READY FOR A RATE BEFORE THE END OF THE MONTH AND EXCHANGING WITHIN THE MONTH OF JULY.
6-7-2016 Intel Guru Frank26 ...on Iraqia TV...the IMF says they made a deal with Iraq...and they are going to receive a letter of intent to this commitment by the 15th of June...they being the IMF who is bringing them into the international world by the first half of 2016...they want an answer from Iraq...are you going to lift the value of your currency...and if we do get an ok from you guys from around the 15th with this letter of intent we are asking for...you get the loans. And on top of that...everybody wants to give Iraq loans...the moment that the IMF and the US did it and approved their bonds...And by the way those bonds are going to suck like octopuses if they don’t raise the value of their currency...we also have an issue with the CBI spreadsheet... you know how we’ve been talking about how they are doing math…accounting...they are doing a lot of homework...about seven or eight months ago the CBI on their website they took off the program rate of 1188...they even took off 1166...they took the money supply and they divided it by the foreign money supply...and I’m now seeing a 1 to 1... [post 2 of 2]
6-7-2016 Intel Guru Frank26 ...they don’t say the word “RV”...they don’t say they are revaluing their currency...in fact you notice they don’t even say any more that we are going to lift the value of our currency that we are going to add value, that we are going to lift the 000’s...because that is not necessary… About three weeks ago…they are no longer saying the words “RV"... revalue...raise the value...raise the 000’s...we told you they are only using internationalism...they are saying they are going to bring Iraq into the international world by the first half of 2016. Iraq is entering...if not already entered...or poised to enter...or has entered and hasn’t told us how they did it...you know...lifting Article 8 into the international world...we are seeing internationalization. [post 1 of 2....stay tuned]
6-7-2016 Newshound Guru rcookie ...I DONT THINK THERE IS ANY QUESTION AS TO THE CHANGE IN VALUE AS AN ACTION PLAN...I THINK IT IS...AND ALWAYS HAS BEEN AN ISSUE OF TIMING AND THE REQUISITE UNDERPINNINGS TO SUPPORT A CHANGE TO FLOURISH IN THE NEW PRIVATE SECTOR SYSTEMS AND IRAQS PLACE AT THE GLOBAL GROWN UPS TABLE...AND WE KNOW EXACTLY WHAT THOSE UNDERPININGS ARE AS OUTLINED BY THE INTERNATIONAL AGENCIES & IRAQS ECONOMIC/FINANCIAL PARTNERS....
6-7-2016 Newshound Guru wmawhite sadly...many...have described this investment as a shot in the dark and something happening over night. ...Instead, this process was not haphazardly put together. In reality, this process has been constructed by the world economic community in such a manner that Iraq could proceed along it without ever failing.
6-7-2016 Newshound Guru tlm724 Article: "Central Bank calls on citizens to complain against the dollar sell them at more than 1,200 dinars" The CBI is rationing the sale of the dollar which is the first step imo to stopping the auctions. They are finally taking control (hand held by the IMF...) of the money! If they get rid of most of the 300 dealers /traders /banks...as they said they would then all the easier to control the flow of money. And if the official rate is 1182 and the street rate is regulated and set at 1200 then that puts them within the 2% threshold for compliance for IMF article 8... it's an 18 pip difference...2% of 1182 is 23.64 pips so well below the requirement. *hallelujah* they are doing what we needed them to do! All roads (the currency reform) lead to what we seek! I am very excited Very Happy.
6-7-2016 Newshound Guru rcookie WE ARE SEEING THE EVIDENCE STOCKPILE DAILY OF IMPACT OF UST PRESENCE OPERATING FROM US EMBASSY AS ENTIRE BANKING & FINANCIAL INSTITUTION SECTOR IS REGULATED...
6-7-2016 Newshound Guru wmawhite What is easy to miss is that all of these different entity inside Iraq as well as outside are telling the world about all of this...the reemergence of Iraq into the "economy markets"...but, wasn't this suppose to be a big secret? Answer...no...they want the world to know.
6-7-2016 Newshound Guru mike ...this is a process. I don't believe in silver bullets or quick fixes. There are, in my opinion, certain economic and financial steps before there's an appreciation. I don't think the IMF can make the necessary legal changes, all they can do is dangle the carrot and hope Iraq conforms. At the minimum, we need a functioning Parliament, we need the legislation. The IMF aren't a bunch of clowns, but there's a limit to what they can get done. IMO.
6-6-2016 Newshound Guru wmawhite ...PM Abadi stood in front of the G-7 and many others and told them that Iraq would join them on that stage...the world economic stage...I believe him and so do they...and they know he will not be on that stage with them at a value of $0.00086.
6-6-20216 Newshound Guru Millionday Article quote: "...extensive talks between government officials and representatives from the World Bank , in a move to deepen cooperation and the search for the experiences and contributions of international and activating partnerships properly." THE GOV IS PREPARING TO MOVE WITH BIDS AND CONTRACTS TO INVEST AND CREATE WORK. ABADI AND THE WORLD BANK PREPARING FOR A FORMAL OPEN OF THE DOORS FOR INVESTMENTS FOR IRAQ. Quote: "...the aim of the workshop is to gather all State capabilities and put them in an operational framework to deal with the theme of " the expansion of private investment door..." THIS...IS THE MOVE TO ANNOUNCE THE FORMAL OPENING OF IRAQ'S INTERNATIONAL INVESTMENT AND THE LINK OF PRIVATE SECTOR LAUNCH. THEY ARE MOVING FORWARD -- WHOOPOW.
6-6-2016 Newshound Guru Shredd Article quote: "Sovereignty was confirmed by the government for its part will be faithful to its commitments under an agreement to prepare the credit program, which reached his recent between Iraq and the International Monetary Fund, which has contributed greatly to stimulate the donor countries to provide adequate support, and enhance the credibility of Iraq's finance in the global financial markets and the rating agencies global credit." We get a greater peek at the power of this and future loan agreements to Iraq. You may think them taking loans is a bad thing but not so. First, countries have faith in Iraq's ability and intention to repay. Second, Iraq taking and repaying these loans will enhance their credit rating with the rating agencies. This will in turn allow them to lower interest rates and expand the pool of lenders in future loans. This is not a sign that Iraq is struggling and needs help. This is a sign that Iraq has matured to participate more in the global economic finance partnerships.
6-6-2016 Newshound Guru mike Article: "Parliament: the signing of Iraq to loans require him to impose extra taxes on the citizens needed to be reviewed" So, in the middle of an economic crisis, what is Iraq doing and what are their plans? Implement tariff's, initiate income tax, lower staff salaries and remove subsidies for fuel, and electricity (excluding the displaced). Not much of a plan if you're a regular Iraqi, in fact, it's terrible. They're going to be the ones bearing the brunt of the economic mess Iraq's in. At every turn they ignore the obvious actions that are needed to create an open market economy and add value to their currency and overall economy. ...I haven't seen a whisper about raising the value of the dinar, in fact, there are some calling for a devaluation to 1300-$1. Iraq has a long history of ignoring IMF instructions in 2005, the Paris Club and even their agreement with Kuwait.
6-6-2016 Newshound Guru wmawhite I am not one that believes in a floating to a true value...and why...because the economy of Iraq is already a 1,000 times stronger than what its currency value currently depicts...and the IQD is as strong or stronger than every other country in the Middle East...yet, the IQD is anywhere from a 1,000 times to 10,000 times less in value than all of those other countries.
6-6-2016 Newshound Guru rcookie Article quote: "...CHAIRMAN FOR COMMITTEE ON ECONOMY & INVESTMENT BOLANIIN THE MEETING HELD...WITH THE GOAL BEING TO "SUMMON ALL STATE CAPACITY" AND PUT IN OPERATIONAL FRAMEWORK TO DEAL WITH THE THEME "THE EXPANSION OF PRIVATE INVESTMENT DOOR..." BOLANI TALKS ABOUT THE OVER 4000 PROJECTS STALLED VALUED AT $250 BILLION THAT IRAQ NOW WANTS TO ACTIVATE AT A PACE THAT WILL ATTRACT INVESTORS & INT'L PARTNERS...SO THEY ARE READY TO MOVE FROM AN IDEOLOGICAL PLANNING PHASE TO A REALITY OPERATIONAL PHASE!
6-6-2016 Newshound Guru Millionday Article quote: "...the decision of the House of Representatives held during the month of Ramadan, Ptdmnha vote on the cabinet reshuffle, saying that any response from the Federal Court on the appeal «reform front» will binding on all the political blocs." THIS IS THE ANNOUNCEMENT OF THE CABINET VOTE GOING ON EVEN WITH RAMADAN. PARLIAMENT IS REQUIRED TO WORK DURING RAMADAN TO VOTE AND ATTEND THIS SPECIAL SESSION REQUIRED MANDATED BY ABADI... WHOOOPOW.
6-6-2016 Intel/Newshound Guru Poppy3 REMEMBER...ABADI SAID MONTHS AGO THAT ISIS, DASSH ETC SECURITY WOULD NOT DELAY OR PREVENT COMPLETION OF FINANCIAL REFORM AND IT DOES APPEAR HE HAS KEPT HIS WORD TO THE PEOPLE OF IRAQ AND TO US.
6-6-2016 Intel Guru Frank26 [...do you have any thoughts on if Mosul will take about the same time to plant the flag as Fallujah?] Understand...YOU seek MOSUL because we taught You this. We do not..for it was over TWO MONTHS ago...that...It was over. IMO...There is no doubt the RV is coming just don't know when...
6-6-2016 Newshound Guru wmawhite Article: "Provide transparency by adopting the digital economy" Quote: "...that Iraq sought market Securities for the application of modern systems for the success of the deployment of trading directly on global sites..." seriously? going to trade on global sites with most of their shares at 1 and 2 dinar per share...No way! ...and yet...what did they just tell the world... "TRADING DIRECTLY ON THE GLOBAL SITES" You could sit at home and buy up every remaining share of the ISX for less than a few thousand dollars...unless the value of those shares change before hand. If you owned a bank would you offer shares of your bank to the world at less than $0.01? The one entity rarely spoken about...the ISX, quietly positioning itself...AS WE WERE JUST TOLD...to "TRADING DIRECTLY ON THE GLOBAL SITES" ..."why is the ISX making all of these preparation to join the world trading platforms and have not done so yet?" IMO...the answer lies in the...value of the IQD...because that is what the shares are traded in...IQD. they have all of the infrastructure and operational systems in place...IMO. IMO, the ISX is waiting on the CBI and GOI.
6-6-2016 Newshound Guru rcookie Article quote: "Insurance is a central nerve between the three pillars of the financial sector, a bank, insurance, stock market..." THE NARRATIVE OF THE INSURANCE SECTOR RECENTLY IS IN OVERDRIVE....HERE TALKING ABOUT THE ROLE INSURANCE PLAYS IN INSTILLING CONFIDENCE IN THE BANKING AND STOCK MARKET SECTORS AND ATTRACTING INT'L DEVELOPMENT & INVESTMENT THAT WILL DRIVE IRAQ ECONOMY...THERE WAS NOT A SNOWBALLS CHANCE IN BAGHDAD OF ACQUIRING AND CAPTURING INT'L BUSINESS & INVESTMENT WITHOUT A COMPLETELY REVAMPED PRIVATE SECTOR INSURANCE INDUSTRY IN THE MARKET TO QUELL THE LACK OF CONFIDENCE OF BEING IN BED AND DOING BUSINESS THROUGH THE STATE RUN INSURANCE SYSTEM...NOT A MOLECULAR CHANCE!
6-5-2016 Intel/Newshound Guru Poppy3 ...I ASSURE FALLUJAH IS FREE OF ISIS IN ANY NUMBERS...THE BAGDAD FLAG FLYING. [betcha Mosul is also all but done?] IT IS ALL BUT DONE...IN FACT REPORTS YESTERDAY THAT THE BAGDAD FLAG WAS RAN UP YESTERDAY AFTERNOON BY ABADI HIMSELF. WE ARE WAITING FOR THE NEW RATE THAT APPEARS WE WILL SEE LATER THIS MONTH AS THE IMF, WORLD BANK SAID.
6-5-2016 Newshound Guru Millionday THIS IS TALKING ABOUT THE SHARES BEING ACCESSIBLE BY ALL AND REMEMBER THIS WOULD INCLUDE THE LARGEST PRODUCT THEY HAVE ON THE GLOBAL MARKET>>>IRAQ'S CURRENCY...MACRO ECONOMICS. SO INTERNATIONAL ACCOUNTING STANDARDS WOULD BE APPLIED...WHOOPOW. THIS WOULD APPLY THE INTERNATIONAL EQUATION THAT PUSHES THE VALUES THAT THE MARKET REFLECTS --- FOR INSTANCE --- OUR VALUES AND COST OF LIVING REFLECT THE CONSTANT MOVING MARKET AND THE STOCK MARKET ETC. NO DATE IS GIVEN BUT --- THE FACT THAT THIS IS READY TO BE APPLIED IS NEWS IN ITSELF. [post 2 of 2]
6-5-2016 Newshound Guru Millionday Article quote: "...that Iraq sought market Securities for the application of modern systems for the success of the deployment of trading directly on global sites will serve as a magnet for investment indirect factor and enhances the performance of the market." THEY FEEL AS THOUGH IT IS TIME TO INITIATE ALL ELECTRONIC BANKING AND ECONOMICS - THIS WILL INCLUDE OF COURSE THE ISX AND INTERNATIONAL INVESTORS...IT WOULD HELP MINIMIZE CORRUPTION DUE TO ACCOUNTABILITY. IN MAY THEY SIGNED TO BRING THE ISX TO THE MARKET AS INTERNATIONALLY ACCESSIBLE. [post 1 of 2....stay tuned]
6-5-2016 Intel Guru SteveI Will this be our month is anyone's guess but the pressure is mounting daily for Iraq to get their act together and start complying with global standards. Doing this Iraq's way can only go on for so long. Now you have the IMF breathing down their backs and the citizens continued pressure.
6-5-2016 Newshound/Intel Guru BGG Article: “…Parliament will hold an extraordinary meeting during Ramadan to complete the reshuffle and discuss other crises” So Jubouri wasn't kidding - they will work during Ramadan - "Extraordinary session" - to get the reshuffle finished and work thru whatever decision the Fed Court hands down.
6-5-2016 Newshound Guru rcookie …IN SPITE OF ALL REPORTS CONFIRMING KURDS SHARE OF LOANS AT 17% PER 2016 BUDGET LAW CONSTITUTION...THE WB STEADFAST ABOUT KURD COMMITMENT TO DELIVERING THEIR OIL SHARE DUES...ELIMINATING STAFF REDUNDANCY AND MAKING THE SAME BUDGET CUT MANDATES THE GOI HAS ALREADY DONE...AND WILL COMPLETE FURTHER IN ORDER TO RECEIVE THE SBA LOANS...BIG SHOCK KURDS...NO MORE COOKING THE BOOKS AND GAME PLAYING...THERE ARE MANY INT'L PANELS OF AUDITORS THERE OVERSEEING...AND THE BANKING OVERSIGHT & REGULATION WILL GET EVEN TIGHTER NOW THAT CBI WILL BE IN ERBIL AND OVERSEEING ALL BANKING SECTOR...NO MORE 14 SEPARATE BANKS THEY CAN FUNNEL THEIR OIL SALES THROUGH TO HIDE...TRANSPARENCY...ACCOUNTABILITY....AND THE UST IS THERE AS A BACKDROP...AND THAT ALL STEMS FROM THE WB AUDIT AND REVIEW BACK IN NOVEMBER WHERE THE WB REP CAME OUT AND SPANKED KURDS SAYING THEY NEEDED TO GET THEIR FINANCIAL & ECONOMIC HOUSE IN ORDER...
6-5-2016 Intel/Newshound Guru Poppy3 …WHY I RELY MORE ON SOURCES RATHER THAN THEIR NEWS MEDIA…HOW MANY TIMES HAVE THEY REPORTED ALL LAWS PASSED OR KURDS ON BOARD, OR ALL WILL BE IN PARLIAMENT, OR BONDS GO ON SALE TOMORROW AND THE ISX WILL OPEN TRADE TOMORROW AND ON AND ON IN THE NEWS WITH TOTALLY MISLEADING INFO…BUT THE BOOTS ON THE GROUND AND PEOPLE SOURCES HAVE BEEN RIGHT ON. I REST MY CASE…
6-4-2016 Intel/Newshound Guru Poppy3 just off phone and report… in iraq flag now flying over mosul. IT WAS REPORTED ABADI RAN IT UP HIMSELF AND THE REPORT IS THEY HAVE CONTROL. WE KNOW THERE WILL STILL BE MORE FIGHTING IN AREAS BUT THEY HAVE TAKEN ALL FOUR AREAS OF THE TOWN. GLORY THEY ARE IN CONTROL. I CONTINUE TO PRAY THE PEOPLE OF IRAQ GET WHAT THEY NEED IF SO WE WILL HAVE OURS…THEY ARE MOVING FORWARD FOR YOU AND ME.
6-4-2016 Newshound Guru Arthur WE KNOW FOR A FACT THAT A STIPULATION FROM THE IMF TO RECEIVE THEIR FULL FUNDING IS TO END THE MCP (MULTIPLE CURRENCY PRACTICE). TO DO THAT, THEY WILL NEED TO EITHER INSTANTLY OR GRADUALLY END THE AUCTION PROCESS FOR USD AND EXCLUSIVELY USE THEIR OWN CURRENCY JUST LIKE ALL OTHER E-GLOBAL COUNTRIES MUST DO UNDER IMF LAWS. THIS BY DEFINITION MEANS THEIR CURRENCY WOULD HAVE TO HAVE WORTH TO INTERNATIONAL NORMS BASED ON THEIR GOLD AND FOREIGN RESERVES, OIL, PHOSPHATES, AND OTHER EXPORTABLE RESOURCES. AS WE ANTICIPATE SEEING IF THE IMF WILL HOLD TRUE ON THEIR FIRST HALF OF 2016 FOR AN INTERNATIONAL IRAQ, IT NOW APPEARS THAT DAILY THEY ARE DOING EVERYTHING ONE WOULD WANT TO SEE FROM A COUNTRY THAT IMO IS CURRENTLY IN THE PROCESS OF REVALUING THEIR ENTIRE ECONOMY INCLUDING NATURALLY THEIR SOVEREIGN NATIONAL CURRENCY [Post 2 of 2]
6-4-2016 Newshound Guru Arthur Article: " In the Parliamentary Finance by calling for the support of banks and activating the Deposit Law........": THEY ARE NOW IMPLEMENTING THEIR DEPOSIT LAW. THIS ACTUALLY TURNS ON OR ACTIVATES THEIR ENTIRE BANKING E-COMMERCE ECONOMY. IT WILL INSTILL A NEW TRUST AND CONFIDENCE IN THE IRAQI BANKING SYSTEM FOR IRAQIS AND OTHER INVESTORS IN IRAQI BANKS. BASED ON WHAT WE KNOW ABOUT THE E-COMMERCE INFRASTRUCTURE THEY HAVE BEEN BUILDING FOR THE PAST 3 YEARS AT LEAST, IT WILL ALLOW THEM TO IMPLEMENT AND ENJOY BANKING EVEN MORE DIGITALLY SOPHISCTATED THAT RIVALS MOST IF NOT ALL COUNTRIES IN THE WORLD. [Post 1 of 2]
6-4-2016 Intel Guru Okie_Oil_Man GOOD SATURDAY AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. WELL LIKE A BAD PENNY I HAVE RETURNED FOR THE MOST IMPORTANT POST I MAY HAVE EVER MADE. I HAVE BEEN INFORMED AND AUTHORIZED TO MAKE THIS POST. ABOUT A YEAR AGO OUR MILITARY BASES IN THE EAST COAST WERE PERMITTING OUR RETURNING VETERANS TO EXCHANGE AT THEIR PARTICULAR BASE THAT HAD A FOREIGN EXCHANGE AT THEIR POST EXCHANGE OR BASE EXCHANGE. THEY WERE AUTHORIZED TO REDEEM THEIR DINAR AT 47 CENTS TO 3 DOLLARS PER DINAR. THE BASE COMMANDER HAD AND HAS THE AUTHORITY TO EXCHANGE AT THE RATE MOST ADVANTAGEOUS TO THEIR PARTICULAR STRUCTURE. THIS MAKES A VARIED RATE POSSIBLE BETWEEN BASES. THE REASON THIS ARRANGEMENT IS POSSIBLE IS BECAUSE OF THE SOVEREIGNTY OF THE MILITARY. THIS PROCEDURE WAS RE-STARTED YESTERDAY ON 6-3-2016. I UNDERSTAND IF YOU KNOW OF A RETIRED OR ACTIVE MILITARY INDIVIDUAL THAT CAN ACCESS ENTRY TO THE BASE'S THAT HAS A FOREIGN EXCHANGE YOU CAN NOW UTILIZE THOSE FACILITIES TO FACILITATE A TRANSACTION FOR YOURSELF. WE NEED TO SHARE THIS INFORMATION PUBLICLY AS SOME MAY BE ABLE TO AVAIL THEMSELVES OF THIS OPPORTUNITY. AT THIS PRESENT TIME I HAVE NOT BEEN TOLD OF PRIVATE TRANSACTIONS FORTHCOMING TO THE MAJORITY OF US.
6-4-2016 Newshound Guru mike Article: “In the parliamentary finance by calling for the support of banks and activating the deposit law” …it's music to my ears… I don't see much changing until they provide this depositors insurance, no one's going to put they're money in an Iraqi bank without some kind of protection. …they know what they need to do and for the life of me I can't figure out why they can't pass such an important law for the people, the banks and the country.
6-4-2016 Newshound Guru firefly Article quote: “The agreement with the IMF should unlock a total of $18 billion in international assistance over three years, said Zebari, citing the World Bank and the Group of Seven leading industrialized nations among other donors.” IMO Iraq is renegotiating concessions, and payments to help them push this currency shift ahead.
6-3-2016 Newshound Guru Aggiedad77 Article: "Abadi and Kuwaiti ambassador in Iraq discuss the outstanding issues between the two countries" Talk about kissing and making up...wow...these two countries have some really bad history between them...yet here is Kuwait willing to extend the olive branch...willingness to aid in relief efforts as well as helping with the Iraqi displaced citizens...plus supporting the fight against terrorism...I do wonder if they may have discussed the remainder of Iraq's debt to Kuwait that needs to be paid...something around $4 billion dollars...and I believe the postponement of payment was only until 2017...is KW's willingness to help now because they get a hint of what is about to happen and know the debt will be paid in full...and they too will reap benefits from being an investor in Iraq...time will soon speak I pray.
6-3-2016 Newshound Guru Millionday PARLIAMENT IS WORKING ON THE POLITICAL REFORM ISSUES STILL ON THE TABLE BUT HAVE NO POWER TO STOP EXECUTIVE ORDERS OF REFORM AT THIS POINT DUE TO THE NEEDS FOR THE COUNTRY AND THE PLAN ETC.
6-3-2016 Newshound Guru rcookie THERE WILL NEVER...EVER...EVER...BE A TELEGRAPHING AS TO A WINDOW OR TIMEFRAME AS TO A VALUE CHANGE TO IQD...EVER...
6-3-2016 Newshound Guru Millionday [I am not understanding why Iraq would need a loan. If they revalue their currency wouldn't they be able to fund themselves?] THEY HAVE BEEN HURT BY THE OIL PRICE AND WILL SLIP INTO A RECESSION IF THEY DIDNT TAKE IT DUE TO DEFICIT NOT PLANNED ON AND LACK OF MOVING INVESTMENTS NEEDED -- THIS ALLOWS THEM TO NOT STACK UP INTEREST AND CREDIT ISSUES ON DEBT AND MOVE FORWARD.
6-3-2016 Newshound Guru rcookie [There has been a buildup of sorts, and many are hoping for this to come to fruition in the near future... With all of the progress that has been made, and all of the compliments that have been given by the IMF, World Bank, ect to their willingness to accomplish what has been ask, one would assume that the next step would be an increase in the value of Iraq's currency.] ...CORRECT THAT WOULD BE THE NEXT STEP GIVEN THEIR ARTICLE VIII OBLIGATION STATUS AND POSITION...THEY HAVE DONE EVERYTHING THEY HAVE BEEN MANDATED AND SET OUT TO DO...
6-3-2016 Intel Guru Frank26 ..the IMF is grooming the IQD...the IMF is going above and beyond the call for the Iraqi dinar...the IMF has made special dispensations for the Iraqi dinar that it has not made for any other country on this planet...that is huge...corruption is melting like an iceberg sitting in the middle of the Sahara Desert...And it’s not just the IMF and CBI it is the IMF and the CBIGOI...The US sent a special delegation from special departments within the US a few weeks ago...they sent them over to help with the reforms...step by step...and the corruption...and how to deal with the implementation of all the reforms...starting obviously with the financial reform... so that is why Mosul is next...when you see Mosul Family...the MR pace will become a full run...into its implementation and announcement...in order to give life to all of the other...reforms...and all for an international entry into the global economies of this planet... with Mosul it will allow all their banks to be connected internationally...and then they have no choice but to run...run...not quickly walk...run...to the MR...The month of June is HOT...and not just in temperature...
6-3-2016 Newshound Guru rcookie ...THE IMF STATEMENT SAYS EXACTLY WHAT IT DOES...THAT IRAQ WILL RETURN TO THE WORLD MARKETS IN 1ST HALF OF 2016...AND MR WHITE [Guru wmawhite] AND I HAVE BEEN STEADFAST TO THAT POINT AND IDENTIFIED EVERY MOVE AND POINT OF PROGRESS TO THAT END...THE NARRATIVE HAS NOT CHANGED AND CONTINUES TO PLOW FORWARD AT BREAKNECK SPEED RIGHT IN FRONT OF OUR EYES.
6-3-2016 Newshound Guru Millionday THERE HAVE BEEN MANY HUGE ANNOUNCEMENTS OF ACTIVATION TODAY. THE US INTERNATIONAL ECONOMIC DEVELOPMENT [International Development Management Program
(IDMS) ] IS THERE AND THIS IS SAID TO BE THE FIRST IN THE REGION. ABADI HAS ANNOUNCED THE ACTIVATION OF THE ECONOMIC REFORM AND THE RELEASE OF ALL FUNDS. THIS IS BEING DISTRIBUTED ACCORDING TO REPORT(S) TO ALL BANKS FOR ALL CONTRACTS AND WILL BRING THOUSANDS AND THOUSANDS OF JOBS DUE TO ACTIVATIONS. THIS IS TO ENSURE THE HEALTH OF IRAQ ECONOMY AND ACCORDING TO TITLE OF REPORT>>> RETURN THEM TO WEALTH! --- WHOOOPOW
6-3-2016 Newshound Guru tlm724 Article quote: "The approval comes on the immediate launch of loans to constitute a quantum leap in the restructuring of the system of the Iraqi economy" think the IMF is pushing some buttons behind the scenes... helping to move the market economy.
6-3-2016 Intel Guru Frank26 They are not going to take their time...IMO...they are in warp speed... I’m really happy...that the things that the IMF layed out in December...we are seeing them right before us now...we also said that Iraq will take this to the last nanosecond to some time in June...God willing we will see this. The IMF does not practice Ramadan...we don’t calculate it...but if I were Abadi this is exactly when I would want to release things...Ramadan is a time when they take inventory and they are grateful...they will be very grateful that their currency has purchasing power for them...this is wonderful and during Ramadan would be nice...I also want to say that if it doesn’t happen in June...if it goes into July...blame the IMF…they supposedly have the control... the IMF is holding their hand...guiding them through the MR...I am so at peace because of their presence...
6-3-2016 Newshound Guru Adam Montana [What is the current situation in Fallujah? What is the status of Mosul? ...do you think the liberation of Mosul will occur prior to an RV?] I won't go into detail on the "current situation" in Fallujah or Mosul other than to say that ISIS is losing it's hold in a lot of ways, and I expect to see that trend continue. ...regarding the Date, I am very hopeful to see some strong action immediately post-Ramadan... but if they want to prove me wrong, I will happily let them!
6-3-2016 Newshound Guru Aggiedad77 Article: "Washington: Development Management Developer Program will ensure transparent management of funds in Iraq" it's been one of those long but very exciting days... Remember...they need this in place according to [Guru] DELTA to push the financial reform forward...sounds like it is necessary for the MR as well...So this has been "kicked off" today...One question tho...$400 billion budget...where is this coming from...thought this year's budget was like 97 trillion dinars...but I could be dreaming I guess. [reference Guru Delta post 1 of 3, 6-2-2016.]
6-3-2016 Newshound Guru rcookie Article quote: "US Ambassador to Iraq Stuart Jones confirmed that the Iraqi development reform program will enable the government to better manage its budget, and treatment was delayed four thousand project." US AMBASSADOR TO IRAQ STUART JONES ASSERTS IRAQI DEVELOPMENT REFORM PROGRAM WILL ENABLE GOV’T TO BETTER MANAGE BUDGET THAT HAS DELAYED 4,000 PROJECTS BY IMPROVING PROCUREMENTS BY SYSTEM STANDARDIZATION OF PROPOSALS CONTRACT WITH REPUTABLE CONTRACTORS ELIMINATE DELAYS, WASTE & CORRUPTION...
6-2-2016 Intel Guru Delta Third point….it is about the CBI...my TEAM has been digging into and watching the CBI really closely for a very long time...there is a spreadsheet that the CBI has they have been doing for years and in this is a calculated ratio that they provide…they come up with this ratio to determine the value of the currency…by dividing the foreign exchange assets divided by the money supply…this ratio reflects very close to the exchange rate…and for the last six or eight months the ratio has been showing like 0.85 or 0.86 cents which is close to the value of the USD...But it looks like we have the magic number in that spreadsheet...when you put all the numbers into the ratio it appears the ratio is basically saying 1 to 1...the magic number is there... I would like to add that even though it is showing 1 to 1...I believe it will come out even higher...because remember they have to add inflation into it...so we could see “out the door” more than one dollar...maybe 1.15 or 1.20...even up to 1.42 is possible...IMO I think we will see 1.13-1.20 after inflation is added to it...there are so many indicators that we are so very close... [post 3 of 3]
6-2-2016 Intel Guru Delta ...we all know of the deal between Iraq and the IMF...there was information on Iraqia TV and another article today...from the Financial Advisor to Abadi...One thing he stressed is that the IMF Board has to give the final go ahead for Iraq to get their funds...so he said that for Iraq to get this loan they have until June 15th to submit a letter from Iraqi authorities to the IMF board that they do agree to all the IMF conditions and the framework of the loan…and the most important condition to us concerns the financial reform…they talked of two things...one was about taxes...and the other...they HAVE to lift the 000’s and basically do the currency reform...so this seems to give us a very small window...they have less than two weeks to accomplish everything and send the letter to the IMF...so this letter being submitted will be exactly the same as Iraq accepting Article 8...so by the end of the month of June then...the IMF board will look at all of what Iraq has said they have done...and one is the currency reform and the establishment of the true value of the Iraqi dinar...Again…now these two things seem to point to the idea that we are very close. [post 2 of 3....stay tuned]
6-2-2016 Intel Guru Delta I know we are getting very close to a lot of things going on…Number 1 is an announcement from the Minister of Planning…this coming Thursday they are going to launch something…very important…and very significant for our investment…they call it the Development Management System...we know the CBI with help from the GOI...they decided to be a cashless society in the long run...their goal is to move the whole country in this direction of e-government or electronic...the launching of this project will be this coming Thursday and it looks like PM Abadi will be present to launch to this...without this Management System the financial reform cannot proceed...they have to have this system in place to do the currency reform and the financial reform...So this coming Thursday they will celebrate the launching of this system...so indications are we are getting really close…but we don’t know exactly a date... Second point... [post 1 of 3....stay tuned]
6-2-2016 Newshound Guru Shredd the fact of the matter is the rate fluctuations [Guru] Bondlady has noticed is worth watching. The central bank must maintain stability which is what we are seeing, without question when the dinar is on a globally-recognized, market-driven floating rate regime, we will see it adjust and at that time, supply & demand, interest rates, inflation, and GDP will affect it... I would expect the rate to grow in strength rapidly if for supply alone, also, in my speculation...
6-2-2016 Newshound Guru Adam Montana Article: "The House voted, Sunday, to extend the legislative term of the parliament for a month extra." [...What is your feeling on this, and are they trying to get something done before the end of June?] This doesn't mean they are "working" for another month, it just means they gave themselves a month extension to carry through Ramadan. I think...that although nothing significant gets passed during the holiday, this does not mean they won't be working on things to have an "End-of-Ramadan" celebration.
6-2-2016 Intel Guru Frank26 ...the MCP [Multi-Currency Policy] is extremely important ...now the USD is suffocating us to death...we flooded your markets...we forced you to use it...but now we are taking it away because the Multi-Currency Policy in your country must end...it means they can only use their currency...Abadi and the GOI/CBI and all of you new guys...shut down over 300 places where they were exchanging money…some of those were banks and outlets...this was another source of thievery...but it is gone...the corruption is being straightened out...Something is going on...because these 300 they can’t even do business any more...nor can the citizens get what they were getting from them any more...our auctions are going to be coming less and less...in fact our goal is to take our auctions to zero...you have to raise the value of your currency
6-2-2016 Newshound Guru rcookie HERE IS A RECAP OF NEWS....PARL LEGAL COMMITTEE STATES RULES OF PROCEDURE ALLOW FOR 3 PRESIDENCIES TO CALL EMERGENCY SESSIONS DURING HOLIDAY...KURD ALLIANCE STATES ABADI READY TO RECEIVE DELEGATIONS FROM PROVINCIAL GOV’T TO RESOLVE OUTSTANDING PROBLEMS...PARL FINANCE STATES IMF LOANS WILL REVIVE THE IRAQI ECONOMY... NATIONAL ALLIANCE ...EXPRESSED GREAT DESIRE TO RETURN TO NEXT PARL SESSION AND CONTINUE REFORM ACTIVITIES...ANBAR SECURITY ISSUES STATEMENT THAT IRAQI NATIONAL FLAG WILL BE RAISED IN CENTER FALLUJAH WITH IN NEXT FEW DAYS...
6-2-2016 Newshound Guru Adam Montana One more note regarding the timing... remember when I said that the HCL could be tied very tight to the price of oil? We are definitely going in the right direction, just like I thought we would be: Article: "Iraq expects oil prices to $ 65 in the coming months" Yep! That's right... $65, in the coming months, which is exactly my expected price AND time frame. Ramadan ends on July 5. [post 2 of 2]
6-2-2016 Newshound Guru Adam Montana ...we're looking at something big again. The re-shuffling of Parliament is all but done. It's been a little quiet on that front for a week or so, and that's a GOOD thing! It means they are now in a position to move forward, and from what I'm hearing (...from MY sources)...is that HCL should be on the table REAL soon. It was my hope that we'd see it before Ramadan, but let's be 100% realistic - Ramadan starts in a couple days, and NOTHING SIGNIFICANT GETS DONE DURING RAMADAN. However, that's not to say that they won't be setting things up during Ramadan. [post 1 of 2....stay tuned]
6-2-2016 Newshound Guru tlm724 Article quote: "...in the next future We hope that this raises important issues of laws like { the law of parties, oil and gas}..." ...they have 30 days to work their differences on the HCL.
6-2-2016 Intel Guru Frank26 [Abadi in Fallujah n flag is planted...Hopefully Mosul before Ramadan n we are home sweet home.] We knew it was coming..."GIVE ME MOSUL...WARP SPEED ALL REFORMS."
6-2-2016 Newshound Guru firefly The world does not stop because of Ramadan...they have worked through every Ramadan for years.
6-2-2016 Newshound/Intel Guru BGG Article: "Urgent Cabinet approves the Supreme Judicial Council Act" Quote: "...cabinet today approved the draft of the Supreme Judicial Council Act, which Dqgah the State Consultative Council." This bit is interesting (I'm not convinced it is the "official" Fed Court law... HOWEVER, the fact they are progressing on this front is just more and more...evidence things are moving in the right direction (finally)...I ran across this commentary...an Iraqi writer talked about the 4 pieces of legislation that would move Iraq forward. (NONE OF THIS PRESUMES TO - IN ANY WAY "PREVENT" an RV)...it is just observation by an Iraqi as to what would help move things forward. 1) Amnesty Law 2) HCL (how they divide the oil revenues). 3) Fed Court Act 4) Civil Service Act. and BTW - none of the above happen without an effective and FUNCTIONING CoM (Council of Ministers) which is what Abadi is fighting tooth and nail for - and the Dawa Party / SLC / Maliki thugs are fighting AGAINST.
6-1-2016 Intel/Newshound Guru Poppy3 TO FINISH REFORM I SUSPECT THEY WILL HOLD EVERY EMERGENCY MEETING THEY NEED AS SOON AS POSSIBLE TO ATTEMPT TO MEET THEIR DEADLINES FOR REFORM COMPLETION.
6-1-2016 Newshound Guru Enorrste Article: "IMF loan makes Iraq subject to international economic standards" At least the IMF is still talking about bringing Iraq into the world market...It appears that they are taking their role as trustee seriously.
6-1-2016 Intel Guru Frank26 Inside of the country there is going to be a change to give the citizens purchasing power...outside of the country...there is a bridge of three days...and once it crosses that bridge it will launch itself high because...IMO...many foreign nations are wanting to trust the Iraqi dinar and this is their opportunity to do so...and they know it...the three days is a time for the value of the Iraqi dinar to be driven up from a 1 to 1 start...IMO...it is a grace period given to ALL countries when they are going through a change in their monetary value...it gives them time to adjust their currency...they either go up or down...Basically the currency is tagged for three days...and then if you can see who they are pegged to you can almost figure out the value because we know they want the USD and therefore 1 to 1 is a very good educated guess IMO that they are going to start out with....that three day period is...their period...their time...it is for them to take into the international world...send the memos...let everyone get ready...and a lot of these countries are shaking financial hands with each other...Japan, Vietnam, Iraq, US, Britain...
6-1-2016 Newshound Guru firefly Article quote: "Iraq has signed an agreement with the IMF this week under which Baghdad could get aid worth $ 5.4 billion, it has a positive effect on the credit rating of the country." HUGE HUGE HUGE. The higher the credit rating the more investor confidence it will bring to Iraq! [Whats your guess on the rating?] IMO above A. Anything under A is not good for a country
6-1-2016 Newshound Guru Aggiedad77 Oh yes indeed...the BEST is yet to come. The push is getting ready...or in Texas terms..."fixin' to" move forward...in some ways it has begun I think. Watch as more is unveiled as we observe...The BEST is yet to come...
6-1-2016 Newshound Guru Bondlady ["When the RV happens, what do you expect the exchange rate for us to be?"] I above any other guru now or back in the day...have never never called a date nor rate...why? because absolutely no one in this dinar investment will know or have that sort of intel...that just wont happen, so to answer u I don't know. ...in my heart I feel like it will try to come in close with the u.s. dollar or even 1 to 1...my reasons is that they have become so dependent and in love with the dollar they don't want to even use there own currency at all...that being said, biggies will have to find a way for them to fall out of love with the dollar and fall back in love (be dependent) with there own currency the Iraqi dinar. ...the best way I can think of using plain old common sense is make the dinar as attractive or at least better looking...better purchasing power...better rate...closer to the dollar exchange rate, other wise...why would they even use it... I still believe in my investment altho like most of us who got in this, thought we would be long gone by now...all IMO.
6-1-2016 Newshound Guru firefly Article quote: "Iraq's new funds from the International Monetary Fund, a step in the right direction to make Iraq is under international economic standards." "Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory." It is essential that something happens VERY VERY soon.
6-1-2016 Intel Guru Bruce We are looking at a GCR that will actually include much more than what we thought. It is about brand new systems, money operating. About financial systems which that operates. That system is up and running, been tested even yesterday. Transfers of countries far apart...And success of those transferred occurred quickly, as little as 18 sec and as much as 42 secs. This system is operating seamlessly. Testing behind the systems. Our understanding is that systems are good to go. All moving in position what we hope is a nice start for June. All we looking for is a notification...
6-1-2016 Intel Guru Frank26 [Guru] DELTA has found two sites on the CBI website that DELTA cannot even get into...and we think that may be where they are putting information about what they doing in these little private meetings...well obviously they know what they are doing...they are preparing...they are not allowing intrusions...IMO...to see what they are doing...and what are they doing...they are doing what the IMF told them to do...and you know what that is...raise the value of your currency...and they are not allowing any cracks...
6-1-2016 Newshound Guru Chattels Caution: The dinar gurus who are opining that the Kurds are on board with the Abadi reforms or that they are "happy" are misinformed. The Kurds are open to being a part of the solution to the many issues afflicting Iraq and the KRG. They are participating in the constitutional government process, but do not think that the Kurds have endorsed any plan or agreement, other than the several that Baghdad has failed to perform, going forward. They want Abadi to do the things he promised them when the Abadi government was formed almost two years ago. This is all still a big mess.
5-31-2016 Newshound Guru tlm724 Quote from Minister of Planning site: "Planning Minister ... announces the completion of the draft national development administration (IDMS) with support from the US Agency for Development" which is the first of its kind in Iraq and help the government on the management of financial resources to achieve transparency and the fight against corruption and provide the exact mechanisms...theres the transparency on a national level the IMF requires...well done Iraq!
5-31-2016 Intel Guru Frank26 ...Monetary Reform...leads all the other reforms...you can’t have the other reforms without the MR...and the reforms... they are ahead of schedule...with all reforms... MR...leads all other reforms...and all...three letter agencies are watching them do this...and one of them is guiding them with every step...the IMF...to create the MR and once again become the Mecca of this planet earth. I told you last Monday...they got the loan...why did they get the loans...so they could qualify for an improved credit rating... a new credit rating...will allow us to have a base credit with all the other international countries that we are now connected with our banks to do foreign international business with...Iraq’s financial liquidity will improve after the IMF loan...the Monetary Reform according to our TEAM/FRIENDS is going well...IOO (In our Opinion)...the MR is dealing with the banks of Iraq...and it is dealing with the money changers of Iraq...because they are going to step out of their old ways...and they are going to go into an international global market very soon. In fact...IMO...they are already there.
5-31-2016 Newshound Guru OOTW SALEH CAME OUT...STATING THAT THE AIM WITH ISSUING THE 50K NOTE, WAS IN PART, TO DOUBLE THE VALUE OF THE DINAR...THAT'S 2/10TH'S OF A CENT - JUST AS SOME RECENT ARTICLES ARE REPORTING. ...LET'S FOCUS ON THE FACT THAT THE DINAR MAY BECOME LEGAL, INTERNATIONAL TENDER THIS YEAR, ALTHOUGH SOME SAY IT ALREADY IS...
5-30-2016 Newshound Guru Chattels Article quote: "...A parliamentary source said on Tuesday that the parliament speaker Salim al - Jubouri announced the start of the legislative recess of the parliament as of today." The thirty day extension on yesterday was " nunc pro tunc " and retroactive to May 1, the original beginning date of a two month recess, which has now been reduced to a one month recess. I posted on May 18 : "MY READ ON THE FOREGOING IS THAT THE "CURRENT DISMISSAL DATE" IS MAY 1 AND THE EXTENSION OF THE CURRENT PARLIAMENTARY SESSION IS FROM MAY 1 - MAY 30. THE SIGNIFICANCE OF THE LAST DAY OF PARLIAMENT BEFORE THE "RAMADAN RECESS" IS THAT THE HIGH COURT WILL NOT HAVE DECIDED THE APPEALS PENDING BY THAT TIME IF " BRIEFS DUE " ARE NOT RECEIVED BEFORE JUNE 1." Again I say, that Parliament will not meet during Ramadan.
5-31-2016 Newshound Guru wmawhite ...Iraq (including Kurdistan) has already walked through the door and into the global economy markets. The IMF told you this a few days ago. Plus, the IMF also told you that Iraq is compliant with the requirements and that they are mandatory...i,e,...Article 8 (IMO). Abadi has never left the lime light...the world recognizes the mountain he has to climb and he stood before the world economic powers in Davos, SW and told the world that Iraq will join them on their stage. ...he would never be able to get upon that stage with a currency that represents Iraq if it is valued at... $0.00086. IMO...he would be laughed at... It is coming.
5-31-2016 Intel/Newshound Guru Poppy3 [IMO the one and five year charts for oil are at a key inflection point. There is some resistance at $50 and it has not broken through and held but the next run through $50 that holds would indicate a straight shot to $60. Thats a wonderful thing...] oil charts negotiation and deal rates will not change till june 30 for the middle east lobbyist...be patient we are coming to the end of our journey. I JUST GAVE YOU A HINT HOW MUCH LONGER...TO THE POSSIBLE END.
5-31-2016 Newshound Guru Kaperoni Article: "Release of funds for the displaced through smart cards next week" Quote: "the Ministry of Finance promised to secure finance financial grant for the disbursement of the next week and distributed to displaced families exporting them to the smart card" [...they don't even have consistent electricity in many parts of Iraq, so it seems as though use of the cards would be problematic.] Though electricity remains an issues in many parts of Iraq, merchant card readers are rechargeable/battery operated.
5-31-2016 Newshound/Intel Guru BGG [What do you feel is the key or keys remaining?] that is a good question - however, with the timing of the recent support, IMF/WB oversite...their insistence on some level of control...and the aggressive movement against ISIS from every direction...things are absolutely moving in a very good direction for Iraq...and as a side note...Abadi has the support of the Kurds, Sadr, the US and the IMF/WB (aka - BIG MONEY)...that is a pretty powerful (and unlikely) alliance he has cobbled together. ...they button some of this stuff up - POST HASTE and we will see a giant leap forward in Iraq's financial system...it's all pointing that direction...
5-31-2016 Newshound Guru rcookie THEY HAVE BEEN WORKING WITH WORLD BANK SINCE 2008 TO RESTRUCTURE & PRIVATIZE THE SOB'S...AND THE BANKING REFORM IN LAST YEAR HAS BEEN AT BEYOND WARP SPEED... THE US PANEL IS IN BAGHDAD SETTING UP SHOP AT US EMBASSY TO OVERSEE CBI IMPLEMENTATION OF AUCTIONS GOING FORWARD...IT IS COMMON KNOWLEDGE AS TO WHY IT HAS FAILED AND IRAQ HAS HAD ADEQUATE TIME TO REMEDY///THE US IS TAKING OVER... I AM NOT CONCERNED WHATSOEVER AS THE NEWS REFLECTS INCENTIVIZATION AND PATH FOR IRAQ TO ACHIEVE ECONOMIC & FINANCIAL REFORM...
5-31-2016 Newshound Guru tlm724 Article quote: "...the arrangements made by Iraq with the International Monetary Fund represents a prelude to Moisrh the international community for Iraq and take it out of financial distress..." This just solidifies all the evidence we have seen indicating that the IMF has taken control and will lead Iraq to the promised land of a free market economy and international status including and not limited to full membership in the WTO and a recognized dinar that will trade freely. All these things are an established economic plan used by many emerging economies! Our ship is coming in...and the IMF is indeed at the helm!
5-30-2016 Intel/Newshound Guru tman23 ...Shaways was on Kurd TV speaking in interview and said Abadi has agreed to pay Kurdistan for 2014, 2015, and 2016...This coming July...So to put it in a nutshell...Abadi has the power and certainly expecting to have the money...otherwise HE WOULD NOT MAKE THE COMMITMENT...IT WOULD BE THE BIGGEST MISTAKE IF HE BROKE ANOTHER AGREEMENT.
5-30-2016 Newshound/Intel Guru BGG Article: "Kurdish blocs announced their support for his reformist Ebadi" So the Kurds are announcing (telegraphing) relatively broad-based support for Abadi's reform project...This is interesting in light of the fairly severe splitting of the National Alliance and crumbling of Maliki's support base...and the mostly ineffective political attacks his crooked bunch carried out in Parliament lately...they are doing everything they can to slow walk things...surprise surprise. Sadr is backing Abadi... (that's about 4 Million protestors over the last several weeks)...it's like having 2nd Amendment protection - but made up of human bodies. The Kurds are backing Abadi - (as per today's PR releases)... This is all very good news.
5-30-2016 Newshound Guru Kaperoni So now Iraq is in a quagmire. They are being forced to make changes with monetary policy...changes that will benefit us as investors. The plan calls for ending the auctions (they must have an alternative if they do that such as float), getting off the peg, moving from Article XIV under the IMF to VIII when the conditions allow it. But they key for any of this to succeed is the Iraqi politicians to create the right economic atmosphere so the plan will succeed...which seems to be the biggest question...if they can. [post 2 of 2]
5-30-2016 Newshound Guru Kaperoni Iraq dropped the ball big time. They had a window of time from about 2010-2013 in which under Article XIV, they were meeting the guidelines the IMF requested and at the same time, profits were high due to high oil prices, etc. Unfortunately, Iraq chose to steal as much money as they could during that time, than do what was right. Now, the conditions have changed, oil prices are 50% or more less than that period, revenue is less, Iraq cannot meet its payroll, or other investment obligations...as a result everyone is complaining that the auctions, the peg, etc. no longer works...which is true,,especially if they ever wanted to get the dinar out convertible/tradable on a global scale. [post 1 of 2....stay tuned]
5-30-2016 Newshound Guru tlm724 here it is in a nutshell, the CBI spent most of their efforts in making money off the auctions period! Sure they put in a few regulations here and there, increasing the required liquidity of the banks etc... but they sure didn't do more than that in the recent past during Alak's time. We have not seen much action from the CBI to do it's part for the advancement of the free market economy! Now today I do see where things are shifting for the better. There are laws that need to be passed to insure a smooth transition from a rentier economy and since it appears the IMF has set conditions to bailing Iraq out this is the best shot they have at making things right!
5-30-2016 Newshound Guru wmawhite Article quote: "Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory." Folks...this is another example...or you can say, evidence, that Iraq (CBI, GOI) has entered the global economy market. what other IMF standard/condition is mandatory? Hello...Article 8...? And then earlier in the week that AGAIN the IMF states that the G-7 will now approach Iraq to engage in financial agreements...if the G-7 is now approaching Iraq...it is very sensible to think that Iraq has entered the markets. The IMF made a statement about what Iraq will do, and they have accomplished that. It is logical to follow what else Iraq has stated they will do monetarily and that is to add value to the IQD.
5-30-2016 Newshound Guru rcookie PARLIAMENT WILL VOTE ON EXTENDING LEGISLATIVE TERM FOR 1 MONTH...PARLIAMENT MET WITH 167 DEPUTIES...AND ABADI IN ATTENDANCE...
5-30-2016 Newshound/Intel Guru Arthur EVERY WEEKEND THOUSANDS OF PROTESTERS MARCH AND NOW MAKING A HABIT OF VIOLATING THE GREEN ZONE, THERE IS NO ROOM FOR ERROR FOR THE GOI/CBI WHICH IS WHY ALL SOURCES ARE SAYING THE IMF MANDATE FOR AN INTERNATIONAL IQD IS STRONGLY IN PLAY AND WAS NEVER IN DOUBT WHEN IT WAS MANDATED BACK IN DECEMBER OF 2015. WE HAVE ALREADY BEEN GIVEN OUR WINDOW VIA THE IMF. IRAQ HAS BEEN MANDATED TO BECOME AN ECONOMICALLY INTERNATIONAL NATION DURING THE 1ST HALF OF 2016 MEANING BETWEEN NOW AND JUNE 30TH. STAY TUNED... [post 3 of 3]
5-30-2016 Newshound/Intel Guru Arthur ...THERE CAN BE NO REAL ECONOMIC REFORM WITHOUT A REAL SIGNED HCL, AND NOW SUDDENLY KURDISTAN PRESIDENT BARZANI IS ALL BEHIND THE REFORMS AND SENDING HIS DELEGATION WITH ORDERS TO SIGN AND DELIVER. THE PTB IS NOW OUTWARDLY STATING THAT THEY HAVE THE MECHANISM AND SOLUTION TO THE CURRENT ECO-CRISIS IN IRAQ, AND SECURITY IS NOW WITHIN MANAGEABLE PARAMETERS. IMO WE ARE STILL WAITING ON AT LEAST ONE EVENT. THERE MUST BE A VOTE ON MALIKI'S LAWSUIT REGARDING THE LEGALITY OF SOME PARLIAMENT SESSIONS THAT THE STATE OF LAW IS SAYING WERE NOT LEGAL DUE TO LACK OF QUORUM. ITS MALIKIS LAST DITCH EFFORT... IT WILL ALSO DETERMINE THE FATE OF HIS LONG TIME PARTNER IN CRIME IN THE JUDICIARY MAHMOUD AND WHAT INFLUENCE HE HAS LEFT. [post 2 of 3....stay tuned]
5-30-2016 Newshound/Intel Guru Arthur BASED ON SEVERAL RECENT CORROBORATING, VERIFIABLE ARTICLES AND INFORMATION COMING OUT OF THE ME, WE CAN NOW DETERMINE THAT THE CBI HAS ANNOUNCED THE IMPLEMENTATION OF A NEW ECONOMIC "MECHANISM", MEANING AN HERETOFORE, UNSEEN WAY OF DOING BUSINESS GLOBALLY. RECENT ARTICLES ARE NOW ANNOUNCING ALL ROADS ARE LEADING TO A MARKET ECONOMY FOR IRAQ. THE OVER 20 BILLION DOLLARS IN LOANS AND GUARANTEES FROM THE PTB ARE EVIDENCE THAT, DESPITE THE CURRENT POLITICAL UPHEAVAL, THE CBI/GOI HAS BEEN GIVEN A NEW GREEN LIGHT, TO BECOME FULLY SOVEREIGN ON EVERY LEVEL, POLITICALLY AND ESPECIALLY ECONOMICALLY...SUDDENLY EVERYTHING WE COULD POSSIBLE HOPE TO SEE IS SUDDENLY MATERIALIZING IN IRAQ. [post 1 of 3....stay tuned]
5-30-2016 Newshound Guru Breitling In the banking sector what these guys are talking about the investment into Iraq is remarkable and they’re excited about it! I don’t care what you think…show me the numbers. I don’t say this to be negative…the news is positive. How does the CBI reduce the money supply by issuing bonds in dinar yet the dealers in the United States seem to have an endless supply especially of 25K notes? Do you know if they have less than advertised to sell or is the buying dinar faucet slowly being turned off over here? It’s not being turned off. It’s the same dinar being bought over and over again. There was a time when everyone was buying…now we have half that are buying and the other half are trying to get rid of it. There’s an illusion that there is a ton of dinar over here but it’s the same dinar…they reduced the note count period.
5-30-2016 Intel/Newshound Guru Poppy3 Article: "Governor of the Central Bank to attend the parliament session" I'M SURE HE IS GOING TO REPORT THEIR PROGRESS AND HOW PREPARED THEY ARE TO MEET THE DEADLINES OF JUNE FOR COMPLETION OF FINANCIAL REFORM AND QUALIFYING FOR THE MASSIVE LOANS FROM THE IMF AND WORLD BANK. QUESTION STILL REMAINS ARE THEY READY IN EVERY WAY. LAWS, CURRENCY, QUALIFIED BANKS, AND...RETAILERS THROUGHOUT THE COUNTRY...THE DEADLINE IS CLOSING IN ON THEM FAST...THEY LIKE US NEED ANSWERS.
5-30-2016 Newshound Guru Aggiedad77 Abadi and Allak are both drawn to Parliament today [Sunday]...interesting...they aren't there just to watch the GOI do their normal thing...there must be something in the wind...wonder what it could be...merely discussing auction issues...or perhaps a go-forward plan for things...especially now that Parliament has agreed to extend their session for a month...
5-29-2016 Newshound Guru rcookie THE RECENT EVENTS STARTING FROM THE CBI ANNOUNCEMENT OF SETTING UP SHOP IN KURDISTAN...AND THE COLLATERAL RESULTS OF THAT ANNOUNCEMENT... ALL THE WAY THROUGH FRIDAYS AND TODAYS NEWS IS AMAZING...AND SPEAKS DIRECTLY TO IMF AND US CONCERNS...
5-29-2016 Newshound Guru tlm724 Article: "Interior complaining about the "major disaster" and calls for "rescued" from Saddam laws" ...there are laws on the books that date back to the 1950's, I have seen them in Parliaments law database. The security laws need to be updated and quick!
5-29-2016 Intel/Newshound Guru Poppy3 [I think they will wait till June 30 @ 11:59 PM.] I DON'T BECAUSE THERE ARE THINGS POST NEW RATE THEY WILL HAVE TO DO BEFORE FULL RECOGNITION GLOBALLY. I THINK THEY WILL NEED TO POST A NEW RATE AND THEN IT WILL TAKE A FEW DAYS OF PROCESS BEFORE IT WILL BE ACCEPTABLE FOR ANYONE TO EXCHANGE...JUST MY PERSONAL THOUGHTS. I HOPE I'M WRONG AND THE DAY IT CHANGES IT IS FULLY TRADABLE. TIME WILL TELL...
5-29-2016 Newshound Guru tlm724 Article: "IMF loan makes Iraq subject to international economic standards" Quotes: "the International Monetary Fund, World Bank and international partners have agreed, in the May 19, 2016, to give Iraq a loan of $ 15 billion at an interest rate of 1.5%" "Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory." mandatory requirements that Iraq MUST abide by, period! The IMF HAS set conditions to this bailout.
5-29-2016 Newshound Guru Kaperoni Article quote: "The Prime Minister reiterated the financial adviser appearance of Mohammed Saleh, said on Sunday that Iraq is suffering from an estimated $ 50 billion financing gap." [Why these guys created a budget that was going to have $50 billion dollar hole in it is beyond me. Here's hoping the IMF can get in there and make a difference.] Well...I think its a catch 22. If the budget is to small, they cannot pay salaries and that would be an obvious red flag. If the budget covers salaries, they buy time (3-9 months) to come up with financial solutions to the deficit. Neither good, but at least it gives them a window of opportunity to advance the economy if the conditions change.
5-29-2016 Newshound Guru Breitling I have not seen one negative move from Iraq that has to do with our investment…speculating on this currency…I want to be very clear about when it comes to Maliki…this is going to hurt some people…if you’ve been talking garbage about Maliki…you’re wrong…Every law Maliki passed had to do with western standards and westernization of developing their country…I’ve never seen any country hit every mark that they need to be doing to absorb the west and the capital that’s coming from the west to be able to hit that restart button. And what’s going to be a part of that? The value of the currency that you and I are involved with. That’s what Maliki did. But he is not part of the process like he used to be. How many laws were passed under him that were pro business pro west? It’s simple math.
5-29-2016 Newshound Guru wmawhite IMO...as the IMF, MoF and CBI agreed to..."to move away from the MCPs" [Multi Currency Practice] ...the only way for that to happen is to reduce the auction to an absolute minimum...and...in order to reduce the flow of USD into the local market is to instruct the Iraqi banks to start paying/settling the foreign remittances in IQD. ...I read on the IMF site and the exchange of foreign currencies are to reside within the local banks...not at the CBI as the auctions are currently...think about it...we know as fact, that back in December 2015...the IMF, CBI and Mof agreed to move away from the MCPs...which are a result of the auctions. We see more effort to clean up the corruption at a lot of these banks. And why? why now? Because...IMO...the bulk of the foreign exchange activities will reside in the local banks...not at the CBI...in the near future. IMO...there will always be a need for some form of the auctions...however, they will be greatly reduced...BUT, can not reduce them until the CBI gives the green light to the banks to start paying those foreign bills (foreign remittances) in IQD.
5-29-2016 Intel/Newshound Guru Poppy3 ABADI ANNOUNCED OVER A YEAR AGO SEVERAL TIMES SECURITY WOULD NOT INTERFERE WITH THE FINANCIAL REFORM AND HE HAS HONORED THOSE WORDS AS REFORM HAS CONTINUED IN SPITE OF SECURITY, POLITICS ETC ETC.
5-29-2016 Newshound Guru rcookie Article: "The central bank stopped 300 companies transform financial and banking deal" US COMMISSION & PANEL OF FINANCIAL INTELLIGENCE ARRIVE IN BAGHDAD AND SET UP SHOP IN US EMBASSY FOR PURPOSE OF COORDINATION WITH CBI...HAVE STOPPED 300 FINANCIAL & BANKING TRANSFER COMPANIES UNDER REVIEW FROM CBI THROUGH WEEKLY REPORTS UNDER SUSPICION OF SMUGGLING & MONEY LAUNDERING...AND FRAUD...ON WEDNESDAY ALAK INFORMED BANKING & FINANCIAL SECTOR THAT CBI POLICY HAS CHANGED AND NOW WORKING WITH 10 BANKS ONLY IN IRAQI MARKET AND ADOPTING CLASSIFICATION DEGREES OF THEM BY CBI...AUCTIONS BEING HANDLED BY 10 BANKS ONLY... WOW! THAT IS INSANE... IT IS OBVIOUS THAT ALAK HAS NO CHOICE...THE QUESTION IS...TIMING...WHY NOW.
5-29-2016 Newshound Guru Chattels All eyes on Fallujah is likely a healthy distraction from the political crisis in the government. The religious leaders are emphasizing the battle for Fallujah in sermons...in Iraq...All of which gives Abadi and Co. needed breathing room and a "boost" in their public persona at least in the eyes of the populace.
5-28-2016 Intel/Newshound Guru Backdoc WITH THE CBI PUTTING A STOP TO THE CORRUPTION ALL THE INTERNAL REASONS FOR A WEAK DINAR HAVE JUST EVAPORATED!
5-28-2016 Intel/Newshound Guru Poppy3 I STILL THINK ANYTIME DURING JUNE...PREPARATION HAS ALL BEEN SO THEY CAN MEET THE DEADLINE ISSUED BY THE WORLD BANK AND IMF. JUNE IS HERE NEXT WEEK GET READY...MOST OF US THAT HAVE STUDIED AND WATCHED THEM FOR 12 AND MORE YEARS KNOW THEY SAID BEFORE THAT DATE. THATS WHY I EXPECT IT ANYTIME DURING THE MONTH.
5-28-2016 Intel/Newshound Guru Backdoc NOW, SINCE THE REST OF THE GCR SEEMS TO BE ON CRUISE CONTROL FOR MID YEAR, I WOULD THINK SINCE ITS ALL ABOUT IRAQ, AND IT'S NOT ABOUT IRAQ THEY BETTER SEND IN THEIR BEST WIDE RECEIVER TO CATCH THE BALL IN THE END ZONE FOR THE TOUCH DOWN! MR. KEYWORD (DR. S.) MIGHT HAVE SENT IN A PLAY BECAUSE WE HAVE ACTION FOLKS! WITH THE KURDS BEING SENT IN FOR THE PLAY ON THIS PARTICULAR WEEKEND...COME ON KEYWORD, CALL A POST ROUTE INTO THE MOSUL END ZONE AND MAYBE IT WILL BE CAUGHT! GIVE ME A "H", GIVE ME A "C", GIVE ME A "L"...WHAT'S IT SPELL? THE NEW GLOBAL RESERVE CURRENCY (SDR). [post 2 of 2]
5-28-2016 Intel/Newshound Guru Backdoc FRANKIE [Guru FRANK26] AND HIS TEAMS ARE WATCHING FOR FLAGS TO BE RAISED IN MOSUL FOR SURE. HERE WE ARE ON A LONG HOLIDAY WEEKEND IN THE STATES AND WE SEE ACTION! "ACTIONS MEAN THINGS". MY TAKE ON MOSUL IS A POLITICAL DRAMA BETWEEN THE SUNNI / SHITE/ KURD TRIBES AND WHO WILL BE RESPONSIBLE FOR SECURITY UNDER THE NATIONAL GUARD LAW! OF COURSE IT ALSO TIES IN WITH HCL BECAUSE OF FUNDING FOR THOSE FORCES AS WELL! [post 1 of 2....stay tuned]
5-28-2016 Newshound Guru wmawhite ["anywhere in the World" wouldn't the rate have to be international?] 1182 is international...except the CBI says no, no, no...we are not ready to...have our banks settle foreign remittances at that rate. In other words...there are banks outside of Iraq that buy and sell the IQD...what banks do not do yet...is exchange their currency with the IQD because the CBI has not taken that step yet. We wait for the decision by the CBI to inform the banks of Iraq to settle foreign remittances in the IQD. We can also believe that when that time comes, the CBI [will] inform the other central banks around the globe what the exchange rate will be with their currencies. [post 2 of 2]
5-28-2016 Newshound Guru wmawhite Folks...this is GREAT! "Official: Iraq seeks to open up banking cooperation at the Arab and international levels" this says it all! "general manager of the Rafidain Bank spokesman Kamal al-Hassani said: keep pace with the achievements reached by the developed world in the banking systems, he has been putting the finishing touches to complete the project activate MasterCard service, in coordination with the company's global card..." We are at that point in time that we are looking when an Iraqi can use his/her credit card drawn on his/her bank in Iraq and buy that food at some store anywhere in the world. [post 1 of 2....stay tuned]
5-28-2016 Newshound Guru rcookie ...G7 MEETING IN JAPAN REVEALS 6.3 BILLION DOLLAR AID PACKAGE FOR IRAQ...TO DEAL WITH FINANCIAL CHALLENGES & STRENGTHEN THE ECONOMY THROUGH REFORMS IN COORDINATION WITH INTERNATIONAL INSTITUTIONS INCLUDING THE IMF...500 MILLION EUROS FROM GERMANY ALONE...IMPOSE STABILITY IN IRAQ AND SUPPORT PM ABADI EFFORTS...GLOBAL SUPPORT...
5-28-2016 Newshound Guru Chattels The "Reform Front" has numbered somewhere between 96 - 110 MP's. There are a total of 328 MP's in Parliament with attendance being " high " at 275 at any given session. A quorum requires 165 MP's. It may be a very "close call" to attain a forum even with the Kurds in attendance, IMO. "The return and participation of the Kurds is not a foregone conclusion so far..." We shall see. We know only for certain that" Nothing is certain in Iraq."
5-28-2016 Newshound Guru Kaperoni Article: "Five-year plan for the development of the banking sector" As we have said several times, without currency reform first, nothing else moves forward. I wanted to reiterate that because articles that say 5 years can be discouraging.
5-27-2016 Intel/Newshound Guru Poppy3 FOR ME SEEING ALL THE BILLIONS IN LOANS AND HELP FROM SO MANY OTHER COUNTRIES FURTHER CONFIRMS THEY MUST RAISE THE RATE OF THEIR CURRENCY TO EVER EVEN SCRATCH THE SERVICE OF PAYING ANYONE BACK. JUNE FOR SURE LOOKING GREAT.
5-27-2016 Newshound Guru Bondlady Iraq is a very rich country because of whats untapped and under the ground, if its not being produced or exported sold or used, then its not helping them much. Their about to get a heck of a lot of that security under control...soon and the world sees this too and if their willing to take a risk and many many big businesses are and do and will ..take the risk...a leap of faith...they will make tons of money off Iraq an investing in future projects.
5-27-2016 Newshound Guru rcookie THE IMF STATEMENT ABOUT IRAQS SMP PERFORMANCE... SUBSEQUENT SBA LOAN ACQUISITIONS...LEADING TO ADDITIONAL INTERNATIONAL ECONOMIC SUPPORT THAT WOULD POSITIVELY IMPACT THEIR INTERNATIONAL CREDIT RATING...HAS MATERALIZED TODAY...
5-27-2016 Newshound Guru mike The IMF is willing to help Iraq out with a loan, with the caveat that Iraq allows oversight for the Finance and Integrity committee's. To get this money, Parliament has to agree to the terms and then the loan can begin. Well, the last thing the corrupt want is oversight by a international team with no strings to the crooks and who can't be bought off. So, they keep Parliament in flux and the SBA dies on the vine. Stalemate. I have a nagging feeling that those with ties to Iran are opposed to seeing Iraq move the ball forward. At every turn these guys find a way to prevent change and organize Parliament. A dysfunctional Parliament effectively halts all the needed legislation for progress and serves those opposed to change. The ugly truth is either the money's going to run out or the patience of the citizens will run out, either way, they're going to kill the Golden Goose without change.
5-27-2016 Newshound Guru Kaperoni Article: "The central bank stopped 300 companies transform financial and banking deal" Quote: "...announced the arrival of the Commission of a competent US combat financial intelligence department staff to Baghdad and set up at the US Embassy for the purpose of expansion for the purpose of coordination with the Central Bank of Iraq." This seems like a real "make or break" step for Iraq. Succeed, and the financial system moves forward. Fail and they are status quo trying to save what’s left of the reserves in a few months along with the dinar exchange rate. My bet is on this team and the IMF. The situation/cycle they just bailed themselves (bought a few months) will just repeat itself when they have to pay salaries, contractors etc. in a few months. IMO, now that these recent agreements (loans, SBA etc.) are signed, it is time to push forward. We can hope anyway.
5-27-2016 Intel/Newshound Guru Poppy3 IN MY OPINION...THE NEWS FOR MONTHS NOW ALL POINTING AND ALL SOURCES INFO DECLARING THE MONTH OF JUNE WILL END FINANCIAL REFORM AND JUST PRIOR TO THAT WE SHOULD SEE THE MARKET VALUE CHANGE. INCLUDED IN THESE CHANGES ARE FULL WTO MEMBERSHIP AND A VALUE CHANGE TO PLEASE US ALL.
5-27-2016 Newshound Guru mike Article: "The central bank stopped 300 companies transform financial and banking deal" Article quote: "announced the arrival of the Commission of a competent US combat financial intelligence department staff to Baghdad and set up at the US Embassy for the purpose of expansion for the purpose of coordination with the Central Bank of Iraq." ...from what I can tell, they're going to have a team of 300 accountants go over the weekly auction sales figures and look at each bank individually to find and eliminate fraud and corruption. I'm hoping it's true, but until we see someone from the CBI or Finance Committee validate it, we'll have to wait and see.
5-27-2016 Newshound Guru Backdoc AFTER ALL THE WORK WE'VE DONE I HAVE TO SAY IT'S VERY REWARDING TO SEE THE PROCESS PLAY OUT! WE KNEW EARLY ON THAT VIETNAM WOULD BE SIMPLY INCREDIBLE SO IT WAS NO SURPRISE THAT WE RECENTLY SAW ARTICLE 4 REVIEW COMPLETED. LOOK FOR IT TO BECOME A DONOR CURRENCY IN THE SDR! WE HAVE SEEN MANY ARTICLES STATING THAT IRAN WILL BE GIVEN ITS CURRENCY BACK TO TRANSFER FUNDS IN JUNE. WE HAVE KNOWN FOR SOME TIME NOW...THAT THIS WHOLE PROCESS WAS ALL ABOUT IRAQ TO SAVE THE U.S. CURRENCY AND THATS WHY ITS NOT ABOUT IRAQ! THIS IS AND ALWAYS HAS BEEN A PLAN FOR STRUCTURAL REFORMS OF THE NEW REALITY AS THE IMF SAID! SAUDI ARABIA COULD REALLY LIVE WITH .27 PURCHASING POWER WHEN ALL OF ITS' NEIGHBORS ARE SLATED FOR OVER 3 BUCKS?
5-27-2016 Newshound Guru Chattels Ramadan begins on or about June 5th which is the second thirty day period of the two month recess that was to start on May 1. Parliament will not be convening during Ramadan, IMO. Not so much because it is Ramadan, but constitutionally the current term of Parliament cannot be extended any more than thirty days.
5-27-2016 Newshound Guru rcookie THERE ARE CALLS FROM ALL BLOCS AND FACTIONS FOR ABADI TO BE PRESENT AS THEY WANT CABINET RESHUFFLE PROCESS RESUMED & FINISHED....
5-27-2016 Intel/Newshound Guru Poppy3 JUST IN FROM A FRIEND SAYS ---
V N [VIETNAM] AWARDED FULL SOVEREIGNTY... RELEASE OF ALL THEIR BANKING AND OTHER RESTRICTIONS. SOUNDS AWESOME...THEY ARE NOW RELEASED TO ADD RATE TO THE DONG AND IMPROVE THEIR ECONOMIC TRADE GLOBALLY.
5-27-2016 Intel Guru Bruce Internet in Iraq was down, has been down for months. Two days ago it opened back up. Now, Iraq and Iran are coming up together and will RV at same time. Iraq is already done. ...the pinging of the rates to both Iraq and Iran had to be redone because of the adjustment of the rates...my understanding is that once that is done...we are good to go...but we will see. Rates are moving up! Every time this is delayed, the rates go up... more than adequate. Vietnam now has sovereignty and now good to go. Banks are now pinging with Vietnam. Certain people who are behind this, are looking for this to go live in very short order. I believe we are supposed to be live before memorial day...certainly hope so.
5-26-2016 Intel/Newshound Guru Poppy3 BEFORE THE RECOVERY OF FALLUJAH I SAID BOOTS COMMAND PROJECTED 2 HOURS TO CLEAN UP ONCE GIVEN THE WORD TO MOVE IN...NOW ON MOSUL WHICH IS A BIGGER TOWN...MOSUL BEING SPREAD FAR AND WIDE MAY TAKE A COUPLE MORE HOURS TO CLEAN OUT...ALL PROGRESS MOVING FAST TO BE PREPARED FOR JUNE COMPLETION I AM VERY ENCOURAGED. TIME WILL TELL.
5-26-2016 Newshound Guru rcookie WOW!!...FALLUJAH UPDATE...REPORTS THAT SOUTH...WEST...NORTH AND CENTRAL FALLUJAH UNDER ISF CONTROL AND REPORTS OF THE IRAQI FLAG FYING ON GOVT BUILDINGS...AND STRATEGIC IMPORTANCE OF CONTROLLING KHALIDIYA ISLAND OF LIBERATING FALLUJAH IN ALL DIRECTIONS...
5-26-2016 Newshound Guru Bondlady ...just want to point out that Minister of Finance site shows the exchange rate daily as well and it is changing too... I think when the CBI announces the float it will hopefully mean they will be trading internationally which at this time imo they are NOT. I think their gearing up for the switch and making sure the exchange rates sites are operating right like a trial basis seeing how it works in the M.E. then onto international. There's way too many coincidences for me not to believe something is happening, the site shut its exchange rates down for 3 days prior to coming back up with what I believe to be Middle East float of the dinar. ...I do believe we are on to something with the dinar...early stages but a definite change appearing... [post 2 of 2]
5-26-2016 Newshound Guru Bondlady ((IMO)) somethings going on and for me I feel...it's with the dinar... when you watch an read this stuff every day as I (we) do, you notice things out of the norm... you start seeing patterns in things...back in the day before the programmed rate began the dinar floated...I know what it looked like when it was floating, I followed it daily with the CBI...the CBI doesn't show the dinar floating because I feel if they did it would be internationally accepted then... so this one site...basically has the dinar floating IMO...I think its floating in the Middle East, in arab currencies, no where else imo at this time...only...in the middle east, so supply and demand is now driving the rates imo... out of I think the last 8 -10 days the dinar...went up and down. [post 1 of 2....stay tuned]
5-26-2016 Newshound Guru wmawhite [does...Section 32 have any current authority in light of IMF and BIS and World Trade bank moves in the past 24 months? ...where it says not for commercial use, that does not apply when it comes to ''international exchange''?] At this moment...the CBI has not authorized the banks within Iraq to settle foreign remittances in the IQD. Until it does the IQD is for use inside Iraq. There is no international exchange until the CBI instructs its banks to do so...
5-26-2016 Intel Guru Frank26 ...the BIS, the IMF, the World Bank…all three (3) of them gave them permission to raise the value of their currency. Holy Cow, that’s big. we believe...that when they lift the value of their currency it’s going to be on the Arabic side for three (3) days, in Arabic, Arabic numerals…it’ll be hidden. And then, three (3) days later…legally…the CBI has to release that information to the international world. I told you that inside, it will stay 1:1 but outside…look out. In a few months? What were we looking at…three (3), four (4) dollars? Yeah…IMO. IMO? If they get this done? Ya know, let’s say, June…by the end of this year…IMO they will be at a number that they’ve never even been before. You know why? IMO, because the world is dying to trust the Iraqi currency. [post 3 of 3]
5-26-2016 Intel Guru Frank26 Now, granted…the capture of Fallujah and Mosul, it’s not the Monetary Reform, it’s not directly but indirectly…you can not have the Reform without these cities... we’re showing them how to do their Reforms. And the Monetary Reform leads all the Reforms. Yes, the Western World, the European investors…they’re gaining confidence to come in to Iraq. NO. MORE. WASTING. TIME! This is the IMF, this is the Twelve, this is the United States of America…and we are guiding you... Now when do you want your loan? June or July? Obviously they want it as quickly as possible. I believe, IMO, that we will see Article 8 and Mosul next and I believe, that these two are important. I believe that these two (2) are of equal importance. Not only for financial reforms, but for all of the reforms...to me, Mosul and Article 8 are coming. [post 2 of 3....stay tuned]
5-26-2016 Intel Guru Frank26 Give me Mosul! That was the battle cry that we had. But yesterday, they started to tell you more about Fallujah, and the reason why is because now they can tell you their activities, their advancements in these cities...it’s building confidence. Great confidence, not only obviously in Abadi who is making all these proper calls, but it is also building confidence within the country. The citizens are watching very carefully. They’re very proud. The international world is watching. The citizens and the international world are finding confidence in what Abadi, its Gov’t and its Central Bank…is doing. They are very astute that the IMF and the CBI are together. They’re very astute that the IMF, CBI and the GOI are getting together in meetings...this is all very, very good. [post 1 of 3....stay tuned]
5-26-2016 Newshound Guru rcookie THE IQD IS THE SOVEREIGN CURRENCY NOTE OF THE COUNTRY OF IRAQ...AND WHY WHEN NOT SUBJECT TO AN ARTIFICIALLY SUPPRESSED RATE COULD IT NOT BE TREATED AS ANY OTHER INTERNATIONAL CURRENCY...AND SINCE YOU ARE PURPORTING THE IQD NOT BEING ACCEPTED FOR EXCHANGE OUTSIDE IRAQ...YOU BETTER FILL THE WTO AND IRAQS WORKING GROUP OF THAT FACT AS THEY REVIEW AND ASSESS UNILATERAL TRADE EXCHANGE CASE STUDIES...CHALLENGES AND DISPUTE SETTLEMENTS... [post 2 of 2]
5-26-2016 Newshound Guru rcookie [...I want our dinar to be treated and regulated just like the U.S. dollar or regulated enough so the powers that be in IRAQ or even the IMF can't say later that IRAQ's dinar is a special case and we are locked out of exchange.] AND THE PRESUMPTIVE NARRATIVE IS THAT IRAQ ARBITRARILY INCURRED THE COST OF PRINTING TRILLIONS OF SUPERFLUOUS DINAR CURRENCY NOTES RECENTLY DEVELOPED WITH THE MOST STATE OF THE ART SECURITY & COUNTERFEITING PROTECTIONS... AND JUST FOR GIGGLES TO INCUR THAT COST SO WE COULD WALLPAPER OUR BATHROOMS WITH...HMMMMM...NOW WHO DOES THAT MAKE SENSE TO?... [post 1 of 2....stay tuned]
5-26-2016 Newshound Guru rcookie PARLIAMENT: FEDERAL COURT RULES IN JABOURI FAVOR...FED COURT POSTPONES INVITING 2 SESSIONS OF HOR UNTIL SUNDAY 29TH...SALIM BLOC SHAWQI STATES ABADI WILL ATTEND SUNDAY SESSION & VOTE ON CABINET RESHUFFLE...PARLIAMENT RAPPORTEUR REPORTS CABINET RESHUFFLE VOTE WILL OCCUR ON SUNDAY IN COMPREHENSIVE SESSION...KURDS REMAIN FLEXIBLE TO BAGHDAD RETURN...
5-26-2016 Intel Guru TD Some latest comments from my Kurdish friend. Treat all as rumor... Well finally the Iraqi army offensive is underway in various provinces and the big prize: Mosul is in sights for this August. Obama in concert with the GOI and the Kurds want to seriously cripple or decimate ISIS this fall in light of political & election consequences. The Kurds have been promised economic infusion and greater autonomous governance but it's shy of the independence goal. Those of you hoping for any kind of currency reform or currency appreciation in 2016: forget it! No concrete proposals or initiatives in that department are on the drawing board. Will NOT happen!
5-26-2016 Intel Guru Bluwolf It comes a time where every person finds himself alone in a desert. When nightfall arrives, it gets cold and one can see the stars like forever, besides another factor that is interesting is the fact that it gets so silent where one can actually hear what one is thinking. Here in our rv reality we are experiencing this same situation since late last night and that is a good sign; "for it shall come like a thief in the silence of the night". Remember that thought, well there is only one final step to be accomplished and by reconnaissance we have been informed that this is on its way.
5-25-2016 Newshound Guru wmawhite ...IMO, these reforms are for the future and will strengthen Iraq as they progress...at the same time the Prime Minister, GOI, CBI as well as the IMF and WB are driving ahead with monetary reforms. These monetary reforms have brought Iraq into the globe's economy markets. Now we wait to see the true value of the IQD introduced to the world.
5-25-2016 Newshound Guru tlm724 ...things feel different now, the IMF is there in the background and I think...that things are going on that we can't see fully, all these different rates etc...they are changing almost daily, just has us scratching our heads...and there are tons of articles saying "stop the auctions"! we just gotta watch and pay attention to ALL and everything that is happening. my final thought is this, Ambassador Bremer stated clearly that Iraq could NOT be dollarized, that they HAD to have their own currency. That the dinar was intended to float! The IMF has control of their economic policy, that is a fact, so it makes complete sense that the plan is going forward BECAUSE the currency reform is a MUST DO! It goes hand in hand...
5-25-2016 Newshound Guru Bruce Sovereignty was given back to Vietnam yesterday so that they can revalue with all of the other countries...So they can revalue their currency by being a sovereign nation again.
5-25-2016 Newshound Guru Shredd ...during the change from dual currency situation and bringing value to the dinar, the trade and pricing process will need to be closely regulated in my opinion since the price will fluctuate but the good news is the rate will be set consistently unlike today. [you think perhaps a managed float to begin with?] a continued managed float, perhaps, I see a lot of logic in it. [hypothetical question: could or would there be a possibility that Iraq could be floating the dinar ( in country or M.E. region) without officially showing that on the CBI? making adjustments? creeping it down in compliance or in conjunction with the IMF?] I really don't think so...I look at it from the perspective of purchasing power and we should also pay attention to articles about the supply of the dollar as it could be telling as to how soon a change may be coming.
5-25-2016 Newshound Guru tlm724 Article: "Trouble dollar and rates of customs taxes invoking the prices of goods" ...how can you tax people who have very little? yes the taxes are needed, it's part of the plan but what should go hand in hand with that is a lil increase in purchasing power for the people. I say give them more bang for their buck, more ding to their dinar.
5-25-2016 Newshound Guru firefly Parliament could jump in a lake of all I care...has nothing to do with the IMF or the reform.
5-25-2016 Newshound Guru rcookie Article: "Liberal bloc: presence of the session next Sunday is linked to the presence of al-Abadi and provide new cabin" LOOKS LIKE THERE ARE MORE CALLS FOR ABADI TO BE AT SUNDAYS SESSION...AND ADDRESS CABINET RESHUFFLE.
5-25-2016 Newshound Guru tlm724 ...theres a [Parliament] session scheduled for Sunday the 29th...Ramadan begins June 7th thru July 6th...we'll see what happens with that...so much up in the air as far as parliament is concerned.
5-25-2016 Intel Guru Frank26 What about Ramadan? Will that delay things? I don’t believe that Ramadan will interfere with anything...it’s not even a holiday...It’s a period of fasting. The IMF doesn’t practice Ramadan.
5-25-2016 Newshound Guru Chattels Article quote: "...announced Presidency of the Council of Representatives agreed with the heads of parliamentary blocs to resume the work of the parliament and the holding of meetings starting next Sunday..." There are reports that the Kurds will return early next week and Sunday begins the " Iraqi week ". Next Wednesday is June 1 which could be a significant date, i.e., the end of the " current chapter " for the Iraqi Parliament before the Ramadan break/holiday...
5-25-2016 Intel Guru Bruce We dont do dates and rates...We are in a good place to take off and run with this blessing I think...I am highly expectant.
5-25-2016 Intel Guru Frank26 ...IMO...they got Fallujah weeks ago. As soon as they get the 2 cities back...they’ll tell the citizens...The timing for them to tell you that the enemy is collapsing ...that they are succeeding in their expectations...incredible! This has strengthened Abadi within the INTERNATIONAL world. Would anyone in their right mind invest a billion dollars in Iraq? Heck no! But, once laws, rules, regulations in place...yeah! Abadi has proven himself. IMO – we’ve cleaned up everything “militarily wise” --- and now all Abadi has to do is take credit and simply take a bow to the INTERNATIONAL world!
5-24-2016 Newshound Guru Mountainman ...this will be CONTROLLED CHAOS...and As We See IRAQ/IRAN and Other Countries Making these MAJOR MOVES...The FINAL STEPS of {ALL} GLOBAL Changes w/ SPEED Are COMING to a (GLOBAL THEATER) Near You..."HOLD on TIGHT"....The {RUSH} to A NEW REALITY is At THE DOOR...
5-24-2016 Newshound Guru rcookie Article quote: "Identified the Presidency of the Council of Representatives and the heads of political blocs next Sunday as the date to hold a parliamentary session." LOOKS LIKE WE HAVE A DATE FOR SUNDAY PARLIAMENT SESSION AFTER POLITICAL BLOC MEETINGS THIS MORNING IN ABSENCE OF KURDS...
5-24-2016 Intel Guru Blondie Things seem to be progressing quickly in Iraq. Notice that the U.S. is participating big-time in the retaking of Fallujah, which is obviously happening before Mosul. Mosul is huge, but considering that Fallujah is still held by ISIS (even with the Iraqi Army having surrounded it), Fallujah is only about 40 miles from the Capitol. It makes sense to clear out that nest before any offensive on Mosul. Fallujah will also yield intel on ISIS tactics that can be applied to the Mosul Offensive. And the U.S. is front and center. Interestingly, the U.S. just announced they will begin reselling military weapons to..... Viet Nam, another player in this whole thing. Interesting indeed.
5-24-2016 Intel/Newshound Guru Poppy3 VN [VIETNAM]...THE DONG HAS GREAT ECONOMY TO BUILD ON AND FOR 3 YEARS NOW BEEN IN THE TOP TEN GROWTH ECONOMY IN THE WORLD...EXPECT A NEW RATE THERE SOON IN A RANGE OF .03 CENTS TO A NICKLE. THESE ARE LEGITIMATE NUMBERS AND PROJECTED BY ACTUAL ANNALIST.
5-24-2016 Intel/Newshound Guru tman23 Article quote: "EU will help KRG in coordination with the International Monetary Fund (IMF), an organization which works to foster global monetary cooperation, as well as the World Bank, which indicates that EU supports lending loans to KRG." Interesting that the EU came out supporting loans directly to the KRG in coordination with the IMF...Then a separate article of the US providing significant financial support for the KRG...although it is money delegated for Iraq...US will be sending it DIRECTLY to Kurdistan... And this follows the steps a few weeks back with the UN and WB providing support for the KRG DIRECTLY. Appears the big players are not willing to risk funds in Shia hands to be sent to Kurdistan. Kurdistan is ramping up and baking new pies while Baghdad is still arguing who gets what slice of a 13 year old pie.
5-24-2016 Newshound Guru rcookie Article quote: "The European Union decided to support the Iraqi government and the Kurdistan Regional Government, to address the financial crisis, while the declared support for Iraq and Kurdistan in their war against al "Daash" terrorist." SO EU MAKING SOLID COMMITMENT OF SUPPORT FOR KURDISTAN REGION TO OVERCOME FINANCIAL CRISIS...AND PROVIDE SUPPORT FOR THE REFORM OF THE ECONOMIC SYSTEM IN IRAQ & KURD REGION...ENSURE TRANSPARENCY & FAIR DISTRIBUTION OF OIL & GAS RESOURCES.
5-24-2016 Intel Guru Frank26 Certifications...SWIFT codes...this is all good. The BIS told Iraq a long time ago to go ahead and raise their value. The IMF is watching Mosul. I told you...give me Mosul..and you’ll see INTERNATIONALISM! ...we believe that is a precursor for the RV of Iraq. When you see Mosul...BOOM! The confidence in Iraq is changing everything. Abadi is building confidence in the GOI and the INTERNATIONAL world. The citizens are pouring back into Iraq with tears of happiness to their homes. They know about the reforms. IMO – they are ahead of their time line...we believe they are ahead of the conditions that they agreed too. Iraq is going through a propaganda campaign with the citizens. The purchasing power is about to change inside of Iraq! In Iraq...a Dinar is a Dinar. You need to grasp that. IMO – they will come out at 1 to 1 inside of their country. Then 3 days later, you’ll take it. They are about to enter the “INTERNATIONAL” world.
5-24-2016 Newshound Guru mike ...Somebody asked me once, "how do you eat an elephant?" I had a couple smart aleck answers but his reply was, "one bite at a time." For me, that's where the IMF is at with the Iraqi's, one step at a time. We're entering the sixth month of 2016 and Iraq's finances are unraveling on a daily basis. Now that oil has dropped and stayed at such a low level, they're stuck. If the IMF can clamp down on corruption, implement income taxes and get Iraq on the straight and narrow, it's worth $5 billion to them. Heck, half of that money Iraq has already contributed to the IMF fund, sure there's risk but with oversight, it diminishes. These guys are still driving the car with no oil in it, at some point it has to dawn on them that change is needed, not for profit, but for survival. Oil is a commodity and they acted like they could ignore basic market principles and the open market economy and it's backfired in a big way. Those days are over, they need long term solutions. IMO.
5-24-2016 Newshound Guru rcookie Articles: "The start of the meeting of the Presidency of the Council of Representatives on Tuesday with the heads of the blocs, but without the presence of Kurdish deputies." "Kurdistan Alliance: MPs, ministers will not return to Baghdad until after the implementation of the "benefits"..." Kurds were absent from attending parliament sessions. Abadi meet with 9 ministers only! KURDS RETURNING TO BAGHDAD WHEN CHECK IS IN THEIR HANDS AND INK IS DRY....
5-24-2016 Newshound Guru Frank26 The Jordan/Amman meeting...they agreed in principle...(with conditions)...before they could get the loan...so the IMF could then turn it over to the Board of Directors of the IMF. They had to complete the list for the monetary reform. Iraq knows that they WILL NOT get the loan unless they complete the list for the monetary reform. All of that info is on the ARABIC side of the CBI website. The instructions are all there...and they are implementing them! So Iraq is moving pretty fast... I don’t think it we’ll see it this month...but we don’t think they’re going to wait until July either. I believe that Iraq is ready. The timing is right for them to raise the value/exchange rate. [post 2 of 2]
5-24-2016 Intel Guru Frank26 They got a LOAN! IMO -- This loan is the equivalent of Article 8...What is the definition of Article 8? The completion of their financial reform. The only way they could qualify for the loan is to do the financial reform... They got the loan...a shadow of what they needed to do. All of this to establish a CREDIT RATING. They DO NOT need the money...They DO NOT need the loan...They have more assets up their “wazzoo” then you’ll ever know. They needed the credit rating...and they got it...and in return they got a little “chump change”. 15 Billion does nothing for them...but establishes a credit rating for them...for the INTERNATIONAL world! Better credit rating = INTERNATIONAL BONDS = INTERNATIONAL RATE. [post 1 of 2....stay tuned]
5-24-2016 Intel/Newshound Guru tman23 We see that Kurd region banks have now adjusted their rate to 131,000 IQD per 100 usd...was 128,000 to 100 usd... What we knew was the CBI intentions were to hold at 1305... ...explaining what it means...Just take it as the KRG region is now exactly what the rest of Iraq is...which means all the banks are on CBI protocols.
5-24-2016 Newshound Guru Chattels Article quote: "The extension of legislative term came into effect since last week, and there is legislation files must legislature accomplish passed quickly within the current chapter." I have speculated that the extension of the legislative term will be only until the Ramadan recess ( June 5 ). My belief is that the "current chapter" of Parliament will end on or about June 1.
5-23-2016 Newshound Guru wmawhite Quote: "...assumed that this loan helps to strengthen the credit worthiness of Iraq, and raise the credit rating, the building "umbrella financial | pave the way for the establishment of the seven major industrialized nations (G7) to provide credit facilities for Iraq " The Group of Seven (G7) is an informal bloc of industrialized democracies--the United States, Canada France, Germany, Italy, Japan, and the United Kingdom... first of all...IMO...they have entered (past tense)...done, they are in it, they are negotiating with the G7. second, IMO, a change in the status of the IQD will be a result of this action. And why do I say this? Because Iraq has told us this very information. [post 2 of 2]
5-23-2016 Newshound Guru Kaperoni Article: "Iraq News Network," published the terms of the International Monetary Fund in return for granting the loan for Iraq" ...parliament has to approve the SBA from the IMF and the IMF board has to approve the SBA in order for this to go forward. Nothing is a done deal yet. Since it is so important financially to Iraq, I would expect to see it on the parliament agenda soon. ...5 billion is not a solution for Iraq...its a temp fix and short term at best. Iraq needs changes and fast or the hole will get deep and bigger than ever. They need alternative sources of revenue, a banking system and currency reform to go along with increased output of oil and oil products to dig themselves out of this situation.
5-23-2016 Newshound Guru Chattels Market price on the dinar at the CBI is now 1290.
5-23-2016 Newshound Guru wmawhite Folks...you can take your "countdown clocks" for the end of June and throw them in the trash. [why because it will happen before then?] The "it" to me has always been what the IMF stated last year..."that Iraq WILL enter into the economy market during the first half of next (2016) year." The "it" has been happening and IMO, with this agreement and the statement the IMF made...Iraq has walked through that door and has entered the economy market. [post 1 of 2....stay tuned]
5-23-2016 Newshound Guru Chattels Article quote: "An informed source said the heads of political blocs, which held a meeting this evening agreed to invite the House of Representatives to convene parliament on Wednesday or Thursday next." They have agreed to convene Parliament on Wednesday/Thursday... Quote: "MP said the coalition of Kurdish blocs that our return to the House of Representatives is not the problem but the basic mentality, which leads the country" ...head of the Patriotic Union of Kurdistan Bloc announced that the bloc deputies will attend the next session of parliament. It is encouraging that the Kurds appear to be intent upon being in attendance.
5-23-2016 Newshound Guru Kaperoni Article: "Gulf states moving to a basket of currencies save the economy!" This plan surely effects more than just Iraq. I don't see a basket for Iraq, at least initially. They can always add currencies and create a basket later once the dinar has a reached an exchange rate more on par with the dollar (and set by market forces).
5-23-2016 Newshound Guru rcookie ...IMO NOW WITH ALL THE INFRASTRUCTURE MECHANISMS IN PLACE...INCLUDING IAS & IFRS...THEIR GLOBAL OPENING & ACCESS CAN NOT HAPPEN AT CURRENT ARTIFICIALLY SUPPRESSED RATE...
5-23-2016 Newshound Guru Aggiedad77 Siamese twins [Iraq and Iran]...what one does the other duplicates...where one goes the other is there as well...and the big point is...we will be there at the finish line with them...life is good...and...the BEST is yet to come...count on it.
5-23-2016 Newshound Guru Mountainman Article quote: "The Iraqi government has allocated $ 65 million from the World Bank loan of 350 million dollars" A
{L O A N}...Is ONLY given for A PURPOSE and an EXPECTATION...for this and the WORLD BANK to give Such A "LOAN" is A HUGE NEON Sign to IRAQ'S INTERNATIONAL STATUS...
5-23-2016 Newshound Guru rcookie ...PRIOR TO THIS...IS THERE ANY SENSE OF REALISM...OF FOREIGN INVESTMENT & BUSINESS COMING INTO IRAQ AND SETTING UP SHOP AND INSURING THROUGH THE IRAQI STATE RUN INSURANCE SYSTEM...THIS MOVE WILL GREATLY EXPAND AND IMPROVE SPECIFIC PROJECT COVERAGE IN ALL SECTORS...OF PRIVATE & PUBLIC ENTERPRISES...MANAGE RISK EFFECTIVELY... AND KEEP BUSINESS INSIDE OF IRAQ...PROTECT AGAINST FRAUD...AND DEVELOP ECONOMIC ACTIVITY AND INSTILL CONFIDENCE IN THE MARKET...NOW THINK OF THAT RELATIVE TO RUMORS...ANY TIME IN PAST...RIDICULOUS...AND UNREALISTIC...AND CAUSE FOR PAUSE AND EXCITEMENT FOR WHERE WE ARE NOW! [post 2 of 2]
5-23-2016 Newshound Guru rcookie Article: "An invitation to open up to private insurance companies" Quote: "...that limiting insurance to the specific company detrimental to the interests of private insurance companies and keeps them away from exercising the legal right to the promotion of all types of insurance and the right to receive a percentage..." THAT IS A HUGE ARTICLE ABOUT OPENING UP INSURANCE COMPANIES OF PUBLIC...PRIVATE & MIXED SECTORS...AND PROVIDE FREEDOM...TO CHOOSE THE TYPE OF INSURANCE AND INSURANCE COMPANY OF CHOICE... [post 1of 2....stay tuned]
5-23-2016 Intel/Newshound Guru Poppy3 I AM TRULY...ACCORDING TO IMF...EXPECTING THE NEW RATE IN JUNE AND NO LATER THAN THE FIRST WEEK OF JULY. WE SHALL SEE...VERY SOON. THEY ARE SURE PUSHING THINGS FAST IN SPITE OF MALIKI VIOLENCE.
5-22-2016 Newshound Guru rcookie Article: "Iraq market for securities sign three agreements to develop its dealings with investors." THE ISX SEEKING TO EXPAND CONTRACT TO INCLUDE OTHER FINANCIAL SERVICE PROVIDING AGENCIES AND EXPAND ITS CENTER...WOW! [ISX, stocks, trades prices, information transmitting, sounds like over the border to me...] IT IS ABSOLUTELY INTERNATIONAL...ALREADY HAVE FUNCTIONAL MECHANISMS FOR INTERNAL TRADING ACTIVITY....AND REMEMBER...ON 1/7/16 THE CBI MADE HUGE ANNOUNCEMENT DIRECTING TRANSITION FROM UAS TO IAS AND IFRS...WHICH IS AN ABSOLUTE PREREQUISITE TO GLOBAL PUBLICLY TRADED COMPANIES...ABSOLUTE PREREQUISITE...AND NOW THIS ANNOUNCEMENT.
5-22-2016 Newshound Guru Kaperoni Article: "Patriotic Union of Kurdistan announce his presence to the next session of parliament" Can't wait to see the agenda's...Guess we see how serious they are.
5-22-2016 Newshound Guru wmawhite Quote: "Direct: agency Fitch Ratings said Friday that Iraq has an agreement with the IMF will open the way to get more international support and the possibility of issuing bonds to global markets." issuing bonds to global markets. Folks...this is Fitch talking about Iraq (CBI) entering the global bond market. And who is Fitch? "Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data...With dual headquarters in London and New York, Fitch Group is majority owned by Hearst..." On those bonds...having them backed by other countries makes them a sure thing...6% to 8% on multiple millions is sweet. IMO...the gears on this thing are a turning...all of this activity will be a change in the status of the IQD.
5-22-2016 Newshound Guru rcookie ...JUST LIKE THE 2010 CUSTOMS TARIFFS EVERYONE QUESTIONED AND DOUBTED...THE $2 BILLION EUROBOND PROGRAM WAS NEVER AN OPTION...IT WAS AND IS 100% EXECUTING...IT IS IN THE EXISTING 2016 BUDGET...AND IS NOW EVEN MORE CERTAIN THAN EVER BECAUSE THE BONDS HAVE BEEN GUARANTEED BY THE US GOV'T...AND THE 2016 BUDGET IS 100% EXECUTABLE...WITH EXCEPTION!!
5-22-2016 Newshound Guru wmawhite All of this activity shows me that Iraq is moving further and further along in the process of entering the economy markets ...and the effect of all of this activity will be a change in the status of the IQD as to how the world markets deal with the CBI and it's banks...IMO, there has been a change in the status of Iraq within the international financial community...and why do I state this? Because...articles are talking about it...
5-22-2016 Newshound Guru Kaperoni I guess time will tell. In a few weeks or so we should see the IMF SBA published that will contain the details of the agreement. That will provide another piece of the puzzle and much more clarity to the plan for the financial system over the next 12 months or so.
5-21-2016 Newshound Guru mike Article: "Fitch: Iraq's agreement with the IMF will enable it to issue an international bond" ...The only silver lining I can see is the IMF's direct involvement in the Finance and Integrity departments, if Iraq can't get their act together, the IMF will try and do it for them. But to effectively do that, they need the judicial branch to step up and prosecute those who are accused. Hopefully Mahmood is on his way out, it's hard to imagine any real prosecution and conviction for these guys until he's gone. Time will tell, right? Your move, Abadi.
5-21-2016 Newshound Guru BGG ...if the Kurds and Baghdad are so on the "outs" - why did the CBI just agree to open a CBI (a branch of the Iraq CBI) in Kurdistan?
5-21-2016 Newshound Guru wmawhite ...the IMF is not keeping secrets...they told the world and told the G-7 countries that they can conduct business with Iraq (CBI and it's banks) "with confidence"! If Iraq is going to do just what the IMF said the world can do...then, the question is...is it international? Here is a hint: The Group of 7 (G7) is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. Would that be international business?
5-21-2016 Newshound Guru rcookie Article: "Abadi adviser reveal the terms of the IMF to lend to Iraq" Quote: "...financial advisor to the Prime Minister revealed the appearance of Mohammed Saleh, on the conditions of the International Monetary Fund for lending to Iraq nearly $ 5.5 billion..." THIS IS PART OF THE REASON THE IMF IS REQUIRING A REVISION AND REWRITE OF THE 2016 BUDGET LAW...THEY WILL INCORPORATE THE LOAN PAYMENTS AND BE MADE ACCOUNTABLE IN THE BUDGET... THE IMF MAINTAINS CONTROL OVER INTEGRITY & OFFICE OF FINANCIAL SUPERVISION AND AML ACTIVITIES OF FINANCIAL TRANSACTIONS...BIG BROTHER WATCHING...AND SAYING..."AH NO...YOU WONT BE DOING THAT WITH THIS MONEY"....
5-21-2016 Newshound Guru tlm724 Article: "...Called on Prime Minister Haider al - Abadi, on Thursday, the World Bank to support the private sector in the country..." Quote: "Iraq 's stability is important and we have a new strategy to increase cooperation with Iraq and support and soft loans of the private sector..." remember one of the requirements set by the IMF was private sector development...so between now and the end of July, if not sooner we should see a huge shift in how the economy functions, we might even see it running like a well oiled machine AND when we do we should see the stability needed to push the currency reform forward IMO. Basically they agreed to loan Iraq the money BUT not until August, giving Iraq June and July to set the economic policy straight. so we have the IMF overseeing the economic state of affairs and the World Bank overseeing development, ya gotta love a plan when it comes together! ...and Iraq NEEDS this money, have no doubt, which is a huge kick in the azz to get them moving.
5-21-2016 Newshound Guru wmawhite ...this talk about keeping us in the dark is seriously...stupid! First, they could not care any less about us and whether we know...second, we know because they have been telling the world that they are going to add value to the currency. The IMF did state that Iraq "will" enter the economy market during the first half of 2016. If "this" ...is entering the economy market then ...it is happening...it has been happening...plus, the change in the status of the IQD will occur as an effect of entering the markets...it is a process...not an on and off switch. We have reason to believe Iraq is nearing the end of the process...
5-21-2016 Newshound Guru Shredd [is the dinar floating?] Not from what I see...setting the rate for transactions can be confusing... stated rate versus fair market value...what are people willing to pay, what price. let's say all of the currency dealers in the US ran out of Dinar...for anyone desperately wanting Dinar, they'd pay be a hefty premium for mine if I were to sell it to them...once we see dramatic moves in the dinar, the demand stateside will go bonkers and in a short time, our local supply will dry up...the rate the banks may pay (less spread) may be substantially less than your neighbor would pay.
5-21-2016 Newshound Guru Mountainman Article quote: "...Iraq has an agreement with the IMF will open the way to get more international support and the possibility of issuing bonds to global markets." Let's GET REAL Here...These FUTURE BONDS...Will (NOT) be at A PROGRAM RATE...You and The IMF KNOW IT...Yup...Sure Do...IMO...The REAL VALUED IRAQ to SHOW ITSELF...
5-20-2016 Newshound Guru Bondlady [is the dinar floating?] 5/18, it was 1107.1000, yesterday it was 1181.5000 today its 1181.0000...which back in the day before the programed rate began this was what it looked like when it floated, its a possibility I think that it could have began, and again this rate change no matter how small, was also, today...we will [continue] to monitor this and keep yall updated.
5-20-2016 Newshound Guru firefly Press Release No. 16/23: "IMF Mission Reaches Staff-Level Agreement on Financial Assistance under Three-Year Stand-By Arrangement with Iraq" This is by far the biggest news I've seen to date in print! facts folks, facts! And straight from the horses mouth. Iraq would not have been approved for that loan unless Iraq met the conditions, IMO. In other words Iraq needed to accomplish everything the IMF needed BEFORE they got that loan! WONDERFUL news! [sounds like this could go anytime...] I believe you just may be right.
5-20-2016 Newshound Guru rcookie [With bond sales going international in June this RV must happen prior to that correct -- What ever date the bonds go!] THIS IS WHAT KEYWORDS HAD TO SAY ABOUT ALL BONDS IN INTERVIEW TODAY... HE STATES CLEARLY THAT WITH THE US & WB GUARANTEE OF THE JUNE BONDS TO INT'L MARKETS...$2 BILLION AND IS ALREADY ACCOUNTED FOR IN EXISTING 2016 BUDGET...HE TELLS US WE DONT NEED THE DOLLAR BONDS...THEY WENT WITH LOCAL NATIONAL BONDS IN IQD...BECAUSE THEY NEED DINAR BECAUSE MOST OF STATE BUDGET EXPENDITURES COVERS IQD...
5-20-2016 Newshound Guru OOTW Article quote: "FROM KITABAT Thursday May 19, 2016, published a newsletter from Iraq, the Official Gazette, is Dioanaa on the transfer of the Vice-Presidents of the Council of Ministers and Ministers were covered Baltrchiq public office last August, to retirement." THE LATEST VERSION OF THE GAZETTE IS OUT AND KITABAT HAS PUBLISHED AN ARTICLE STATING THAT THE GAZETTE CONTAINS ORDERS TO RETIRE THE CABINET MINISTERS AND THE MINISTERS - FROM LAST AUGUST.
5-20-2016 Newshound Guru wmawhite Article: "Urgent .. Iraq gets a financial certificate enables him to deal with international banks with high confidence" To me, it implies that previous to this action...Iraq (CBI/its banks) were unable to deal with international banks. so, now they can? This implies, yes, now they can. This implies change...is this part of the process of entering the economy markets? i think it is quite reasonable to assume so. [Won't this be also a chance for the dinar to international now?] technically...the dinar is international...it is the currency of a sovereign country...it is already accepted by other countries too, such as India. But, what you may be asking about, once the IMF gives its "Good House Keeping Seal of Approval"...Artice 8, more countries will agree to accept/exchange the IQD as part of Iraq settling foreign remittances.
5-20-2016 Intel Guru Bruce ...announcement was made in Iraq yesterday - lower denoms are out and being used - Key cards are being used internationally, even in the USA - Iraq has been freed and they are ready to go with new dinar and new rates...what this tells us is that Iraq is off and running and that is great...Thursday mid-morning (today) the entire banking system was re-set... looking forward to a great weekend...
5-20-2016 Newshound Guru wmawhite there are soooo many indicators out here that gives us reason to believe the IMF knew what it was speaking about... All of this activity shows me that Iraq is moving further and further along in the process of entering the economy markets ...and the effect of all of this activity will be a change in the status of the IQD as to how the world markets deal with the CBI and it's banks...
5-20-2016 Newshound Guru Aggiedad77 Article quote: "...to grant the International Monetary Fund and World Bank Iraq, according to the agreement to prepare the credit loan of $ 15 billion, in addition to a financial certification by the IMF gives him a chance to deal with all international banks with high confidence follows ..." This is setting things up nicely...they should see this money sometime I'm thinking now late June, early July. And this next part is purely my opinion...can they show a new rate before they get the money? Well...IMHO...yes sure they can...and I'm thinking that a month to a month and half is a long time to keep something under wraps...that part of their requirements seems to have to be done...otherwise from what we are hearing they wouldn't be getting the loan...logic...but just a logical opinion at this point.
5-20-2016 Intel Guru Frank26 Article: "Iraq gets a financial certificate enables him to deal with international banks with high confidence" ...one can not do this with a ...PROGRAM RATE! [Iraq can only deal with international banks if they have an International currency.] YES!!! Our turn is coming IMO. These are continual Steps of the MR.
5-20-2016 Newshound Guru Shredd Article quote: "A source at the Central Bank of Iraq, depriving a number of financial companies to participate in the bank's auction for the sale of foreign currency, so as to dealing with gangs and funding Daash follows..." we've seen articles over the past years how this manipulation is robbing the citizens and funding the criminals and terrorists...if they have a single currency that is useful and practical, the exchange crime goes away...there won't be confusion around the value but what I will be interested to see is the period of time during which the dinar gains value and stabilizes...goods and services pricing, price gouging, etc. which is why I felt a managed float for a period of time made sense, eventually moving to a float, but we wait and see.
5-19-2016 Newshound Guru Shredd Currencies of prosperous countries are then given a higher value than the currency of economically struggling nations...which is why Iraq is sitting pretty, they are the 23 wealthiest country in regards to reserves last time I checked...oil, recovering agriculture, improving infrastructure and a country ripe for investment sets a good stage...stability is the bottle neck though...security, economic and political (same ol, same ol) but the loans being taken as of late are a continued good sign, believe it or not...loans are good because it maintains the operating cushion of the borrower...loans are better than relief funds, for us that is...from the aggregate of news we've seen, it seems the move to a market economy may come first with the resulting float of the dinar. [post 2 of 2]
5-19-2016 Newshound Guru Shredd the CBI adjusts the auction sales to maintain not only supply but price which of course are dependent on each other. once the dinar is actually representative of its true value, the market will drive value of their dinar...fair market value is what its called. The value of currency is determined by its selling and purchase price as a commodity. The Fair Market Value of a currency is based on the agreed amount at which it is bought and sold. The economic condition of a country, such as employment rates and opportunities for growth, is examined when comparing its currency to another country. [post 1 of 2....stay tuned]
5-19-2016 Newshound Guru Mountainman Articles: "{BAGHDAD: Iraq's Euphrates News} got a financial certification by the IMF gives him a chance to deal with all international banks with high confidence." "Urgent ready credit gives Iraq a loan of $ 15 billion securities certificate to deal with international banks" [Iraq can only deal with international banks if they have an International currency...] B I N G O ...EXACTLY and Well Said...THINGS are Done BEHIND CLOSED DOORS and [WHEN] (THEY) want One to See...ONE will See as We are Here... CORRECT? IMO...Absolutely...Now in TIME/ING...It will Be A PUBLIC SPECTACLE and A Potpourri of their NEW REALITY...IMO.
5-19-2016 Newshound/Intel Guru BGG based on their NEED... (according to Alak) - they would benefit great from a "value enhanced" Dinar. Their internal purchasing power would be greater - just like your and mine. they are pointing out... in a vague sort of way, they don't need USD - they need more Dinar, a more powerful Dinar because they need purchasing power in their own country - for their own projects. Simple. ...they are almost shouting "THEY NEED VALUE"... do you think they would achieve value and withhold it from the world?
5-19-2016 Newshound Guru Mountainman Article quote: "During the meeting with Rabiei on Wednesday, officials of Oclaner Asset Management Ltd. said that their company is able to absorb three billion dollars of investment money for Iran projects." ...it Is OBVIOUS IRAN is EXPECTING A NEW INCREASE in BUSINESS and CASH FLOW...I'd Say they Know their MONETARY DOORS are About to EXPLODE...I Know the IMF (THINKS) So As Well...Hmmm...This is Some SERIOUS HUGE Money in A Short Period of TIME...for A Country Whose Currency is WELL BELOW it's Projected VALUE...So WHAT is EVERYONE EXPECTING...A UNION..A WEDDING...Is the IMF Leading w/ the MARRIAGE VOWS...IRAN do You take IRAQ as Your LAWFULLY WEDDED WIFE...I Do...Etc...You get the Point..IMO. It's {ALL} About THEIR DEAL.
5-19-2016 Newshound Guru firefly Unless the rules have changed, there will be NO free float. IMO it will be managed!
5-19-2016 Intel/Newshound Guru Poppy3 IMF SAID GLOBAL MARKET ECONOMY IN JUNE...ALL THE NEWS IN THE WORLD IS JUST SPECULATION UNTIL WE SEE IF THEY MEET THAT DEADLINE WITH ACTION OR THEY SNUB THEIR NOSE AGAIN AT THE IMF AND WORLD BANK INCLUDING UNITED NATIONS. ...WE WAIT TO SEE IF THEY GET THINGS THAT ARE NEEDED COMPLETE. ...IF AND WHEN A COIN IS PUT OUT...THE RATE WILL HAVE TO CHANGE BUT THAT HAS BEEN SUGGESTED AND PROPOSED SEVERAL TIMES EVEN TWO YEARS AGO.
5-19-2016 Newshound/Intel Guru BGG I had a very good source tell us (at one time) about how much corruption and bribery Maliki was involved in - because of which they were pretty convinced he would actually get his 3rd term...what we are dealing with now - is the depths of the culture of corruption he fostered... it is not going away without a fight... it appears - it is going away. One way or the other...
5-19-2016 Newshound Guru rcookie RAFIDAIN BANK ANNOUNCES ANNIVERSARY ON 19TH OF MAY CELEBRATE 75TH ANNIVERSARY & TECHNICAL ACHIEVEMENTS NEVER SEEN BEFORE & LAUNCH OF IRONING CARD (MASTERCARD) FOR USERS INSIDE & OUTSIDE OF IRAQ AND IN COLLABORATION WITH CBI PROVIDE DOLLAR COIN TO CITIZENS FOR MULTIPLE PURPOSES IN COMPLIANCE WITH CBI CONDITIONS AND OPENING TO BANKS OF THE WORLD...FOR EMPLOYEES & RETIREES...WOW!!!...
WHO DOES IT MAKE SENSE TO...TO DISCONTINUE A 50 NOTE FOR ABSENCE OF VALUE PURPOSE... AND THEN RELEASE DOLLAR COIN...WHETHER COMMEMORATING 75TH ANNIVERSARY OF 1 OF THE STATE OWNED BANKS OR NOT...
5-19-2016 Intel Guru Frank26 ...yes we will get our dividend when they raise the value...of our initial investment...that is soon to be paid to us...but Iraq has a lot of bills to pay besides us...we got there first with the Executive Order...and they got this far with all of our free money...but many horses are in the gates right now in position...and that was the RI of the Monetary Reform...it cannot help them in the RV...They have to go and pay the world...us...and they have to add value in order to accomplish this...and the explosion of the IQD in the international world that is what will take the IQD to greater heights...and far away from a program rate. [post 2 of 2]
5-19-2016 Intel Guru Frank26 years ago when we bought the IQD it was like buying a stock...you buy the stock from a company called Iraq...and the dividend is called the lifting of the 000’s...it was the equivalent back then of what the IMF, the WB, the BIS are all doing for Iraq today. Loans have to be paid properly...you and I invested...we were their initial loan...years ago...we have funded them...along with the charity that many countries have given them...but that was the RI state...They now enter the RV state...on an international basis...the first time for Iraq to actually pay their own bills now...because of this action... [post 1 of 2....stay tuned]
5-19-2016 Newshound Guru Adam Montana [The news is telling us that the Iraqi government is just barely functioning. Do you believe Abadi is losing control of the situation? IYO, why is Malaki still in the mix and/or why hasn't he been removed? Recent bombings in Baghdad...?] The Iraqi government is just barely functioning, but they are going through a massive restructuring and the simple fact that they are making progress is a HUGE testament to their ability to forge through this tough time! Maliki will always get a few minutes here and there... but he's not making any difference, he is no longer at the steering wheel, and I don't worry about him. Baghdad... bombs...Nothing new.
5-18-2016 Newshound Guru Chattels Article quote: "...extend the current legislative term of one month from the end of the current dismissal date." The question is what is the "current dismissal date"? One article suggests May 1 which would allow for an extension of the legislative term only until May 30 (thirty days) under Article 58 of the Iraqi Constitution. MY READ ON THE FOREGOING IS THAT THE "CURRENT DISMISSAL DATE" IS MAY 1 AND THE EXTENSION OF THE CURRENT PARLIAMENTARY SESSION IS FROM MAY 1 - MAY 30. THE SIGNIFICANCE OF THE LAST DAY OF PARLIAMENT BEFORE THE "RAMADAN RECESS" IS THAT THE HIGH COURT WILL NOT HAVE DECIDED THE APPEALS PENDING BY THAT TIME IF "BRIEFS DUE" ARE NOT RECEIVED BEFORE JUNE 1. Ramadan begins on or about June 5th.
5-18-2016 Intel Guru Delta ...we see big negotiations that are going on with Iraq and the IMF...and it is very clear that for Iraq to be assisted right now that is what they are doing...they are being assisted by being shown the way...and with regard to the loans...and the bonds will soon be with an increase in value...and the IMF says do these few things and we will guide you and help you...guess what...the evidence is there to show they are doing it...the evidence says they are meeting daily...sometimes multiple meetings per day. The CBI site went off today for about 9 hours...now I don’t want you to get overly excited...but I will tell you this...the CBI website seems to be shutting down a lot lately...we don’t know why...DELTA only looks for one thing.
5-18-2016 Newshound Guru Adam Montana The bad news - no RV to announce today. The good news: The progress we were seeing as of last week is not stopping...
5-18-2016 Intel Guru Bruce Here we are on a Tuesday night which could be our last night before our manifestation with what we have had verified. We are in a very good shape. Again not calling it, we have had some good indication how close we are, but until we receive notification, we are standing by ready to exchange as soon as we are able.
5-18-2016 Newshound Guru Mountainman We See The IMF Set IRAQ in A Position to to Take the Necessary Steps to COOPERATE and NOTICE **** {COORDINATE} the Loans that Tells Me that (THEY) are Proceeding FORWARD, (NOT) BACKWARDS w/the INTERNATIONAL PLAN for The GLOBAL MR and IRAQ'S Path Into the GLOBAL ECONOMY...IRAQ has AGREED to Do what They have Been Told to do In ORDER to Receive the LOANS...I Sense A NO NONSENSE - We Are Moving this MR to It's Objective and the Reality that IRAQ is COOPERATING/COORDINATING w/ the IMF shows the COLLECTIVE Mindset of PROGRESS FORWARD...
5-18-2016 Intel Guru Frank26 Dr. Shabibi is not in Iraq...and he is not in Jordan...he’s in Switzerland...he lives there...and if you think the counting machines that are coming from Switzerland is a coincidence...it is not... No we do not think Dr. Shabibi is going to come back as the governor of the CBI...but he sure is coming back to make speech...he’s going to tell you...whoever the governor of the CBI will be...he will be good...he will be smart...Dr. Shabibi is getting too old...too fragile and he is getting worse. Allak is the acting governor by proxy. IMO...Allak should remain as governor of the CBI and Dr. Shabibi should come back and present that speech to make such a claim. But I think you are going to see the math first...I think you are going to see some things first...that Dr. Shabibi wants to talk about. The contract that you see by the IMF with Iraq will come to an end at the end of May...and maybe we will see more things around that time...
5-18-2016 Newshound Guru rcookie ...THEY CONTINUE WITH WORK ON PROGRAM OF RESTRUCTURING AND PRIVATIZING THE 192 SOE'S WITH WORLD BANK OVERSIGHT AND ASSISTANCE...THESE MINUTIA DETAILS...LIKE HUMAN RESOURCE AND SUSTAINABLE DEVELOPMENT AND BEST PRACTICES SHOWS THEY HAVE BEEN DOING THEIR HOMEWORK AND DUE DILIGENCE...AND EXPLAINS EXACTLY WHY AT NO TIME IN PAST WERE THEY READY TO...OR COULD HAVE FLIPPED A MAGICAL SWITCH TO TURN THIS ALL ON...THESE UNDERPINNINGS THEY ARE CLEANING UP...IS EXACTLY WHAT THEY WERE MISSING AND DESPERATELY NEEDING...IMO.
5-18-2016 Intel Guru Frank26 "Allak...who is the governor of the CBI by proxy...taking bonds to Beirut with the head of the Parliament Committee for Economy and Investment, as well as the head of Iraq’s Business Council and Allak lays out to these people a plan to pay Iraq contractors with these bonds” ...in other words they are calling them government debt bonds...now seriously contractors are you going to accept these bonds at 1166...of course not...you didn’t the first time and you aren’t going to do it again...so why would a contractor be willing to take a bond based as payment on a worthless program rate of a country...what is it that these contractors know...what are they being promised...
5-18-2016 Intel/Newshound Guru Poppy3 MALIKI'S GOONS BOMBED BAGDAD AREA TODAY [TUESDAY] ...OF COURSE OUR NEWS WILL CLAIM IT WAS ISIS. THE 1500 CRIMINALS MALIKI RELEASED ARE STILL AT LARGE AND PAYING HIM BACK. HE HAS THEM AT HIS BECKON CALL. HEARD THE FINANCE MEETING TODAY APPEARED TO BE VERY PRODUCTIVE...SAID ALL WERE SMILING WHEN THEY LEFT THE MEETINGS. THEY WOULDN'T ANSWER ANY QUESTIONS BUT WHERE HAPPY. WILL MEET AGAIN TOMORROW [WEDNESDAY].
5-18-2016 Intel Guru Bluwolf Rates looking good...Date in God's NOW and it doesn't get any better than that...high will be the rates and all will be served.
5-18-2016 Newshound Guru Mountainman Article: "Urgent Central Bank of Iraq will get $ 15 billion in loans" Quote: "Keywords and said in we meet press...Iraq is expected to happen this year at $7 billion or more, and at the present time there are international approach to support Iraq..." ...the ARTICLE Is WHAT We WANT IN INK...That says it {ALL}...IMO...SLAM DUNK DONE...Man this is AWESOME.
5-17-2016 Intel Guru Frank26 The IMF told them...we are going to help you...and these are the things you got to do...and they either have them all done or they are working on them...and the last one is to raise the value of their currency...IMO they are working diligently...working to lift the value of their currency...the IMF worked with them...and they said...finish it all up in the first half of this year and you will enter the international world...IMO...they are coming to an end with the first half of 2016...mathematical proof has been given to the GOI…this mathematical proof is about to be reported...I believe at the end of this May. [post 2 of 2]
5-17-2016 Intel Guru Frank26 We will never give you a date...we study time frames and as far as the rate goes...they are thinking about a float or they will come out at 1 to 1... IMO...they are going from an RI into an RV...and I believe the LD’s are next. IMO...Dr. Shabibi is going to give the world a speech...[Guru] DELTA and I have made it very clear in the last 2-3 weeks...we don’t think he is coming back... Abadi...was saying they are finishing up Phase 1 and entering Phase 2...and one of the things that Phase 1 did was to carry the program rate...but Phase 2 will not carry a program rate...it will require the lifting of the value of their currency...and entering Article 8...the World Bank is counting on Iraq...to succeed in Phase 2 of what they are doing with their currency...and the value of their currency. [post 1 of 2....stay tuned]
5-17-2016 Newshound Guru mike Article: "Tamimi: IMF loan would be a door for corruption and bear the consequences of the people" Tamimi's right, without curbing corruption, this is throwing good money after bad. I'm pretty confident the IMF know this as well. There will be a lot of strings attached to these loans.
5-17-2016 Newshound Guru Millionday Article: "The central bank announced...the approval of a cell of the financial crisis, headed by the Prime Minister on the proposal of the central bank to issue government bonds for the payment of contractors and suppliers of state institutions, it can be deducted those bonds at banks or sold in the market..." KNOW THAT SOLD ON THE MARKET IS NOT MEANING THE STORE...IT MEANS THE MARKET --- THIS IS THE STEP TO MOVE FORWARD WITH CONTRACTS. BONDS BEING SOLD AND ALSO AVAILABLE FOR THOSE THAT BUY THEM TO BE ABLE TO SELL THEM ON THE MARKET...THIS IS MAJOR.
5-17-2016 Newshound/Teacher Guru wmawhite ...the word "keywords"...I want you to understand that any person that is quoted in an article that has in their name..."Ismail" the translation will come out as "keywords" ...because of the following: The literal translation of the name Ismail is heard by Allah or God has heard and it refers to the yearning of Ibrahim and his wife, Sarah, to have a child. Ismail's mother, Hagar was also a wife of the prophet Abraham. Muhammad, a descendant of Ismail who was sent the Qur'an by Allah, became the final messenger, and so the name Ismail is often interpreted to mean the fulfillment of a divine promise resulting from prayer being heard, i.e..."important word to God, as in a "keyword." Now you ought to understand why a person who's name has Ismail in it is read as "keywords" in the English translation...translation from Arabic to English...
5-17-2016 Newshound Guru rcookie ALAK DESCRIBES THE ATTEMPT IN 2015 FOR BONDS THAT WAS HALTED BECAUSE OF HIGH 11% INTEREST RATES...AND STATING IRAQ DOES NOT NEED TO GET INTO IT...DOES NOT NEED USD...NEEDS IQD BECAUSE EXPENDITURES IN STATE BUDGET IS COVERED BY DINAR...SO...THEY RESORTED TO RECENT LOCAL NATIONAL BONDS IN IQD...AND...LISTEN CAREFULLY...AFTER US & WB OFFER GUARANTEE FOR BONDS...DRAMATIC BENEFIT OF ISSUING BONDS TO INTERNATIONAL MARKETS! WHOOOOOOOPOW! SO HE IS TALKING ABOUT $2 BILLION BOND PROGRAM IN JUNE... WHICH IS ALSO IN THE EXISTING 2016 BUDGET. [post 3 of 3]
5-17-2016 Newshound Guru rcookie THAT IS HIS 2ND PUBLIC INTERVIEW IN AS MANY WEEKS...AND HAS OFFERED INCREDIBLE INSIGHT TO THE CBI STRATEGIES...POLICIES AND ACTIONS...VERY TRANSPARENTLY... COMPLETELY CLARIFIED THE ROLE OF CBI...ITS PURPOSE & RESPONSIBILITY... WHAT ITS MEANT DO DO AND WHAT IT IS NOT...AND ACTUALLY ILLEGAL TO DO... [post 2 of 3....stay tuned]
5-17-2016 Newshound Guru rcookie Article: "On the Keywords: We have reached an agreement with the Kurdistan Region to open the central bank in Arbil" ...AN ABSOLUTELY INCREDIBLE INTERVIEW WITH KEYWORDS (ALAK) ANNOUNCING THE AGREEMENT TO OPEN CBI BRANCH IN ERBIL...AS WELL AS KURDS RIGHT TO 17% OF SBA LOANS... [...so the Kurds are getting the 17% they have been requesting for yrs?] YES...AND ARE BUDGETED FOR THEIR SHARE IN EXISTING 2016 BUDGET...THE REGIONS ALL GET THEIR OIL & GAS...AND CUSTOMS BORDER REVENUE PERCENTAGES...BASRA JUST GOT 130 BILLION DINARS YESTERDAY FOR PORTS AND BORDER CUSTOMS FEES...WOW! [post 1 of 3....stay tuned]
5-17-2016 Newshound Guru Mountainman Article: "Iran—Achieving its Potential in the Global Economy" WOW...this A Very Telling Article from The IMF...IMO...This Is More Detailed Concerning IRAN'S Final Steps of PROGRESS Intended to Bring them Up to WHERE they Need to Be W/IRAQ...there is No Doubt to the TIMING of NOW...WHY the IMF is FINE Tuning the Last Steps Needed to be Applied In Order for IRAN to be Ready to Walk Down the Aisle of Matrimony w/ their BRIDE/IRAQ...So to Speak...IMO.
5-17-2016 Newshound Guru rcookie Article: "Jubouri Announces Extension of the current chapter Sharii of Parliament to one month" JABOURI ANNOUNCES EXTENSION OF PARLIAMENT SESSION FOR MONTH... SO... ENTIRE MONTH OF JUNE.
5-17-2016 Newshound Guru tlm724 Article: "World Bank loans require financial control over Iraq and opposition Aaduha "detraction of national sovereignty." IF Iraq wants the loans they must prove themselves worthy...Iraq is striving to accept article 8 and there are conditions to that...over the last several months the IMF has indeed set conditions as has the World Bank...I believe Iraq is at a crossroads, they have to make certain decisions regarding the state of their economy...it's so critical and again they must prove themselves worthy of continued international support...the IMF and the World Bank aren't going to loan Iraq more money if that money is going to slip out the back door...we know the IMF has taken lead in their economy and we know the UNDP has taken the lead on funds recovery and corruption...so if Iraq can come together politically...then we will have a more favorable (stable) atmosphere for continued economic growth and knowing these 3 letters agencies are there to hold Iraq's hand gives me great hope.
5-17-2016 Newshound Guru Kaperoni I remember Zebari talking back in Jan/Feb about how Iraq could not pay salaries by June or July. Now, everyone seems to accept that and the only solution is a loan. Well as long as the IMF and WB put the controls in place that Iraq cannot weasel out of, I’m for it.
5-17-2016 Newshound Guru tlar I would have never believed that Abadi would allow himself to be so paralyzed by Maliki. Almost all of the present ministers were appointed by Maliki as proxies. I would have thought as a last resort that Abadi would have just released them and at least temporarily put his own proxies in place until they could sort this mess out. Abadi has...been both a blessing and a great disappointment to me and that weakness has lead to countless delays and an unfinished program to remove the corrupt and the resulting corruption. He has shown great strength and great weakness and if he does not get his Shiite together soon, he continues to be vulnerable personally and that leaves Iraq and our investment vulnerable.
5-17-2016 Newshound Guru rcookie ...ANYONE SUBSCRIBE TO THE TWIN SHIITE BROTHERS WEDDING COMING OUT TOGETHER THEORY. IF THERE IS 1 CONSISTENT...PERVASIVELY IMPORTANT ECONOMIC INDICATORS SHABIBI...TURKI...IRAQI ECONOMISTS...AND OTHER COUNTRIES (ESPECIALLY IRANS) CENTRAL BANK GOVERNORS...STATE AS KEY TO MONETARY AND CURRENCY VALUE REFORM IN INTERVIEWS AND STATEMENTS IT IS... ...A PRE SANCTION LIFTING ARTICLE... FROM INTERVIEW LAST JUNE WITH IRANS CENTRAL BANK GOVERNOR...WHO SAID THAT POST SANCTION CONSIDERATION OF CURRENCY REVALUATION FROM IRAN COULD NOT EVEN BE CONSIDERED UNTIL THEIR INFLATION RATE WAS STABILIZED AND UNDER CONTROL....
5-17-2016 Newshound Guru Chattels "...to extend the current legislative term Council for the month of the current expiration date of his ( Jubourri * ) dismissal, in the hope that the Federal Court haste in deciding this case." "...the extension does not exceed on 30/05/2016 because Article 58 of the Constitution decided ot only for thirty days." It appears that even with the thirty day extension of Parliament that May 30 is the last day of this session allowed under the constitution. I surmise that the current session was to have ended on or about May 1st therefore the extension relates back to that date and not beyond thirty thence.
5-16-2016 Newshound Guru Millionday Article quote: "Political likely that the House of Representatives held its meeting tomorrow amid positive reactions by the Kurds in the presence of the next parliament sessions, confirming everyone 's agreement on the need to extend the legislative term and to continue the political process..." TUESDAY IS SEEN AS A SURE THING...THEY MET ON SUNDAY AND THIS MONDAY NEWS SO THEY ARE REFERRING TO TUESDAY...ALL ARE IN AND THIS INCLUDES THE KURDS...IT APPEARS TO ME AS MONEY IS INVOLVED. THE LEGISLATION IS ALL THAT IS ON THE SHELF...THIS IS TO MOVE FORWARD WITH REFORMS OBVIOUSLY. SO WHERE WE ARE IS THAT THE ECONOMIC AND POLITICAL REFORM IS BEING RESOLVED IN THE NEXT FEW DAYS AND THIS IS TIME TO PRAY AND HOPE THAT NOTHING HAPPENS AND THEY MOVE FORWARD. THIS IS FANTASTIC NEWS...VERY ENCOURAGING TO SAY THE LEAST...
5-16-2016 Intel/Newshound Guru Poppy3 they are trying to complete the list of TO DO'S THEY WERE ISSUED MONTHS AGO TO GAIN GLOBAL ECONOMICALLY RECOGNIZED. AS I have said the IMF stated the time line ALL WE can do is pray they complete the task for them to meet the issued time table. today and for many days lately we see them placing things in motion in fast mode to meet the time in june they are to move to a GLOBAL market ECONOMY. ITS IS EXTREMELY ENCOURAGING AND NOW WITHIN THEIR REACH.
5-16-2016 Newshound Guru rcookie Article: "Hilali: Jubouri will be held Tuesday's hearing full quorum and our deputies will not Ahoudroha" SO TUESDAY MEETING EXPECTED FULL QUORUM WITH KURDS ATTENDANCE... BUT REFORM FRONT NOT ATTENDING...
5-16-2016 Newshound Guru Shredd Article: "World Bank loans require financial control over Iraq and opposition Aaduha "detraction of national sovereignty." This is all about the need for Iraq to be diversified in its outputs. Agriculture is a big one and...the land continues to be restored to produce. When Iraq is more diversified, it will be able to financially survive the swings in the oil prices. ...a lender won't lend if they didn't believe in or trust repayment.
5-16-2016 Newshound Guru Bondlady Article: "Kurdistan instruct the deputies and ministers to return to Baghdad to rescue the country from the crisis" barzani...instructed them to go [back] to [parliament] and save the country...like they have nothing to do with the shape of the country now...when his and another bloc...rode the quota system to death to stall all the important laws that we need to see... bidens plan for them...the quota system... nothing gets done for years...they all know it and the kurds and the national alliance want to keep it this way...they would just sit it out an let Iraq suffer more and even might fall...if...it wasn't for them needing Iraq so bad right now...THEY NEED THE MONEY...
5-16-2016 Newshound Guru Mountainman We See IRAQ/IRAN Ready to MARCH into GLOBAL BLISS and that is VERY TELLING as to the {COORDINATION} taking Place w/ALL the Other GLOBAL ECONOMIES...These Are EXCITING and EXPECTED Steps...
5-16-2016 Newshound Guru sczin11 Quote: "The international Monetary Fund has told Iraq the need to edit the budget for fiscal 2016 bill to be reduced in order to hopefully disbursement of the loan over the next few days." IT WOULD SEEM THE IMF KNOWS SOMETHING WE DONT KNOW...WHY WOULD THEY SUGGEST INVADING THE BUDGET FOR REVISION... HOW CAN IMF REQUIRE BUDGET REVISION, 5 MONTHS INTO THE FISCAL YEAR, KNOWING THE PROCESS NECESSARY FOR REVISION APPROVAL? ...WE REALLY NEED TO SEE AN IMF RELEASE, WHICH WE MAY SEE AFTER THE MEETINGS ARE OVER...JMHO.
5-16-2016 Newshound Guru Millionday THIS IS WHAT THEY NEED AND OF COURSE WHAT ALL INVESTORS WILL GAIN FROM == THE REASON IS THAT THE DINAR HAS TO BE PRICED SO THEY CAN BE INTERNATIONALLY ACCEPTED. OBVIOUSLY HUGE PROGRESS ON THE WAY == LOVE IT. [Is it a discretionary call as to when the fair market value would be applied or would it be normally be before or after the stages of going to a market economy?] IT WILL HAVE TO BE DONE BEFORE THEY GO TO MARKET AND ALSO BEFORE THEY GO TO SDR IF THAT TURNS OUT TO BE WHAT HAPPENS == EITHER WAY OUTSIDE OF IRAQ IT HAS TO HAVE THE GLOBAL EQUATION APPLIED. [post 2 of 2]
5-16-2016 Newshound Guru Millionday Article quote: "The government program stressed the need to implement phase mission towards building a strategy for the development of the economy and to support and develop the private sector to take its role in contributing to the new construction of the economy..." A FREE MARKET ECONOMY IS PART OF THEIR CONSTITUTIONAL RIGHTS... OBVIOUSLY THIS IS THE PLAN TO ACTIVATE TO A PROMISED MARKET ECONOMY. THE PRIVATE SECTOR IS GOING TO WORK TO IMPLEMENT CBI'S PLANS AND GOALS FOR IRAQ... [post 1 of 2....stay tuned]
5-16-2016 Newshound Guru rcookie THEY ARE AT THIS MOMENT...IN AHMAN JORDAN...SITTING ACROSS THE TABLE LOOKING THE IMF...WB AND G7 DELEGATES IN THE EYE...NEGOTIATING THE FINAL TERMS OF SBA WHICH IS THE ONLY POSSIBLE HOPE THIS COUNTRY HAS FROM TOTAL ABYSS...THEY HAVE JUMPED THROUGH HOOPS TO COMPLY AND DEMONSTRATE EXEMPLARY PERFORMANCE UNDER SMP...AND HAVE EARNED THIS OPPORTUNITY...WHY OR HOW COULD THEY LET THIS FAIL NOW...AND IF SO...THEN WHAT...
5-16-2016 Newshound Guru Mountainman Article quote: "David Lipton, first deputy managing director of the International Monetary Fund arrived in Tehran Sunday. He will confer with the governor of the Central Bank of Iran...The IMF delegation will also call on economists, bankers and business leaders, the CBI..." These ARTICLES are CARRYING A FRESH WAVE after WAVE of the THEME of IRAN...The ESSENTIAL Partner of IRAQ...these are Also WORTHY of ONES ATTENTION...IMO. Well 2 SHIA BROS have A Date...A WEDDING DATE that is...and NOW the IMF and Other Relevant Agencies Are on Task to Bring IRAN Up to Speed and in COORDINATION w/their SHIA BROTHER {IRAQ}...Hey IMF is this "WHAT" You also Have Been Discussing in the CONCLUSIVE MEETINGS w/IRAQ...???...Gotta Love it...For (IT) is WHAT We {ALL} are Waiting to See...Hey WTO...HOLD On...the WAVES of CHANGE are COMING IN...IMO.
5-16-2016 Newshound Guru Millionday THIS IS TO ENSURE THE CREDIT RATING FOR INVESTORS AND ALSO THE MOVE TO ACTIVATE THE STANDBY AGREEMENT AND MAKE IT REALITY. THIS IS A HURRIED EVENT TO MOVE FORWARD WITH NOT ONLY THE ECONOMIC REFORM BUT ALSO TRADE == HENCE THE CUSTOMS AND TARIFF...IT LOOKS TO ME AS THOUGH THEY ARE MOVING FORWARD WITH THE ECONOMIC REFORM AND...OPENING THE BORDERS FOR INVESTORS == DOES THIS MEAN TODAY? WE DONT KNOW... BUT THIS IS HUGE HUGE HUGE. [post 2 of 2]
5-16-2016 Newshound Guru Millionday Article quotes: "Finance Minister Hoshyar Zebari arrived on Saturday, the Jordanian capital, Amman, on top of a large government delegation that included the governor of the central bank and adviser Economic Prime Minister and senior ministries of oil and electricity, planning officials and BSA as well as public bodies for Customs, taxes and retirement, experts and the Ministry of Finance and the World Bank Central." "to resume negotiations with the International Monetary Fund to seal the Stand -By agreement..." THIS IS A FORMAL MEETING WITH IRAQ AND THE IMF... INTERNATIONAL MONETARY FUND. NOTE == TO SEAL THE AGREEMENT. [post 1 of 2....stay tuned]
5-15-2016 Newshound/Intel Guru BGG Sounds like to me - the IMF is putting some REAL PRESSURE on the GOI to get things back together and moving forward...IMHO...
5-15-2016 Newshound Guru Mountainman ...My ENCOURAGEMENT for You TODAY is be At REST...this is A LAUNCH of TIMING that Is Patently OBVIOUS... {ALL} We have DREAMED About... the FINAL STEPS of PROGRESS and The IMF/GOI's Intentional DIRECTIVE to Receive LOANS and IMPLEMENT Procedures/LAWS that Will {DEMAND}/REQUIRE a CHANGE of their RATE this YEAR...Just as the IMF has Said...NOW is The TIME to PAY Close (ATTENTION) to that Which ONE has "HOPED" for and Believed there is A PURPOSE One has w/ this Blessing...for You...May We {ALL} be CONFIDENT and ASSURED of the TIMING of NOW...IMO.
5-15-2016 Newshound Guru Aggiedad77 How interesting that we see Allak talking bonds in Beirut with the head of the Parliamentary committee on Economy and Investments as well as the head of the Iraqi National Business Council. Allak lays out a plan to pay Iraqi contractors with these bonds...thru what he calls "government debt bonds"...Why would a contractor be willing to take a bond based on worthless program rates of a country...perhaps because of good things being promised in the near term that will positively impact the value of said bonds...
5-15-2016 Newshound Guru Chattels Finance is driven more by ability to repay reliably and timely than the existing collateral. The fate of our investment may depend upon it. IMO. Finance is more interested in performance than potential is my point. Iraq has great potential, but can it perform. Iraq must function better in order to reliably perform. The IMF conditions precedent or attendant to a loan(s) are intended to improve upon function and performance by Iraq. The IQD, Iraqi script paper, is essentially a promise to pay. The script is in and of itself worthless without the " full faith and credit " of the Iraqi government. [post 2 of 2]
5-15-2016 Newshound Guru Chattels The importance of politics or government in Iraq relates to the ability of Iraq to repay debt/support their currency. There is little question as to the assets/wealth of Iraq/collateral, but can Iraq produce the asset? Can Iraq get oil to the marketplace reliably. Iraq's ability to produce reliably is dependent upon it's stability and security. The budget, political stability and security all impact upon production and the payment of debt/currency support. Whether Iraq can make the necessary change(s) and assurances required by international finance (IMF) which is the subject of the meetings in Jordan may be critical for us. Iraq needs an acceptable international credit rating or standing to survive and thrive. [post 1 of 2....stay tuned]
5-15-2016 Newshound Guru rcookie Presidency of the Council of Representatives Statement quote: "Concern for the democratic and political process of the project in the country through the early holding of a comprehensive meeting of the House of Representatives this week." SO POLITICAL BLOCS MET THIS MORNING AND AGREED TO HOLD COMPREHENSIVE PARLIAMENT SESSION THIS WEEK...
5-15-2016 Newshound Guru Aggiedad77 ...The 2017 budget...yes it is quickly coming to that time when budgets must be developed and guessed at...and the crystal ball for Iraq sees not much ado about anything...nothing to change for 2017 so they say...Well...my opinion...as this year moves forward, I can't help but wonder if they will have much to crow about over new changes to their budget...new headway to be made going forward with realistic and international ramifications to be dealt with for the coming new year...don't get your celebratory hats on just yet...but keep a sharp eye on this moving ball.
5-15-2016 Intel Guru Freeway Bill YOU DON'T KNOW THE DATE AND YOU DON'T KNOW THE TIME AND YOU CERTAINLY DON'T KNOW THE RATE! Sure, there are signs that we look for, but those signs have come and gone with no movement of the value and no major announcement. All of the stars have to align for this to happen and when it does, be ready...understand that the Blessing is upon us...but it could be a while yet or it may be processing now, who knows? The people in charge of it...
5-15-2016 Newshound Guru wmawhite ...this is the very, very first budget that we know about that has actually been executed...line by line.
5-15-2016 Newshound Guru rcookie Article quote: "... Finance Minister Hoshyar Zebari said on Saturday, a large economic delegation to negotiate with the International Monetary Fund in the Jordanian capital Amman..." ...NEWS OF ZEBARI ARRIVING IN AHMAN FOR IMF MEETINGS TO FINALIZE DETAILS OF SBA (STAND BY AGREEMENT) ALONG WITH SALEH...OIL & ELECTRICITY MINISTERS...PLANNING MINISTER... FINANCIAL CONTROL BOARD... CUSTOMS...TAXES & RETIREMENT EXPERTS...FINANCE MINISTRY AND CBI OFFICIALS...THE ARRANGEMENT FOR $15 BILLION OVER 3 YEARS...AND 6.4 BILLION SIGNED FOR BY ZEBARI FOR 2016...RELEASED IN JUNE...AND CONCLUDES BY CLEARLY OUTLINING THE FUNDS OVERVIEW OF RESERVE USE TO REFLECT EXACTLY WHAT IS OUTLINED IN IMF LOI/MEFP/TECH MOU...WHICH ENDS 2016 WITH $43 BILLION RESERVE LEVEL...NO CONSPIRACY... NO SKY IS FALLING...NO SURPRISES...SIMPLY ARRIVING AT EXACTLY WHERE THEY PLANNED FOR THEM TO BE...EXACTLY.
5-15-2016 Newshound Guru wmawhite ...IMO, we are at the point where the CBI starts the switch over/transition over to settling all...foreign obligation in IQD instead of USD...Once, the CBI starts in that direction...the question about the value of the IQD comes into play...IMO...this will be a seamless transition. IMO...that is where all of those trade agreements come into play...and yes, it is exciting.
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5-14-2015 Newshound Guru wmawhite Prior to the invasion, Kuwait was already conducting international commerce. Iraq is still in the process of entering the economy/global markets. Again, Kuwait was already a part of those markets prior to the invasion.
5-14-2016 Newshound Guru Islandg1211 The IMF feels that Iraq needs to make adjustments in their Budget Law. Amending the Budget Law Sunday, ASAP, in order to comply to all the IMF's requirements before next week's review is imperative. Yet, the GOI has not even met, yet gotten their act together to vote on anything in a long time. Unfortunately, the CBI and Monetary Reform is dependent on the GOI for this very important step. ...we should learn more about this next week in the IMF review.
5-14-2016 Intel/Newshound Guru tman23 I believe we are going to see a devaluation of the IQD very soon...June at the latest... The statement will be taken wrong by many but the devaluation will be the catalyst to the lifting of 3 zeros... In other words... IF YOU SEE DEVALUATION DON'T FREAK OUT FOR THE FIRST 48 HOURS...
5-14-2016 Newshound Guru firefly All the political issues will be resolved in the coming years...we are talking about 2 different set of reforms. [So you feel like the political side has no effect on the RV?] IMO...NOPE! The major steps that was asked of them have been completed. IMO, Iraq is ready to go at a moments notice...By that I mean the monetary side of the reforms. Remember, Kuwait was in a much worse position than Iraq is in now when they re-opened their banks. Their government was in complete disarray...Royal family said they were leaving Kuwait...Oil fields still on fire...No electricity...or water...or food...then BINGO... Monetary reform...So no...I'm not looking at the politics.
5-14-2016 Newshound Guru rcookie SO THEY NEED BUDGET LAW REVISED...THE BUDGET LAW AMENDMENT IS REQUIRED IN ORDER FOR FUNDS DISBURSEMENTS TO EXECUTE IN JUNE AS SCHEDULED...URGENT SECURITY MEETINGS...CABINET RESHUFFLE CONCLUSION...AND BASKET OF LAWS...FED COURT..AMNESTY.. ACCOUNTABILITY & JUSTICE... CONSCRIPTION...ALL WAITING FOR THEM...WITH SEVERE PREJUDICE!
5-13-2016 Newshound Guru Mountainman It's Heading towards the End of MAY = IRAQ/IRAN/OIL and A NEW GLOBAL REALITY for {ALL}....IMO.
5-13-2016 Newshound Guru Chattels The Kurds ministers have announced their boycott of the meetings of the Federal Council of Ministers, who are both Finance Minister Hoshyar Zebari of the Kurdistan Democratic party, and Minister of culture of the Patriotic Union of Kurdistan, Faryad Roandozi, and Minister of Displacement and migration of the MDC, Jassim Mohammed, because of the storming of the parliament, as Sadrist ministers presented their resignations to protest the delay in cabinet reshuffle. Iraq increasingly is a tale of " woulda, coulda, shouda ", and we are left with a " failed state " according to many. Hopefully such verbiage does not foreshadow the inscription on the tombstone of our investment in Iraq.
5-13-2016 Newshound Guru Millionday Article quote: "Parliament Speaker Salim al-Jubouri, received in his office on Monday, the head of the European Union mission to Iraq..." THE EU IS THERE AS WELL...OBVIOUS TO SEE THAT THE EU IS THERE TO EXPEDITE THE RETURN OF IRAQ...THE PLATE IS FULL AND ITS TIME TO MOVE FORWARD IN A HURRY...
5-13-2016 Newshound Guru rcookie Article: "Criminal control of Basra to imprison former director at the Rafidain Bank in three years" RAFIDAIN BANK BASRA BRANCH DIRECTOR GIVEN 3 YEAR SENTENCE...ADD THIS TO ALL OF THE OTHERS.
5-13-2016 Newshound Guru rcookie IRAQI PORT VOLUME SETTING RECORDS...HIGHEST VOLUME IN 5 YEARS...FROM 74 BILLION DINARS IN 2011 TO 174 BILLION THIS YEAR...AND ITS MAY!!
5-13-2016 Newshound Guru firefly Article: "Parliamentary Finance: The central bank will succeed filling the state budget deficit by asking national bonds" will succeed. What is the main goal of the CBI right now? Collect as many 3 zero notes as possible. According to reports, the CBI has alredy collected over 75%. And the citizens can use these bonds as credit? AS CREDIT? and for Loans? WOW.
5-13-2016 Newshound Guru rcookie ...THE KURDS DIRE FINANCIAL SITUATION MAKES THE GOI LOOK LIKE A WALK IN THE PARK...THE KURDS NEED THIS MONEY AND THEIR PORTION OF THE ASSISTANCE AS MUCH IF NOT MORE THAN BAGHDAD...SO THEY SHOULD BE BEYOND MOTIVATED TO RE-ENGAGE IN POLITICAL PROCESS AND GET THEIR FINANCIAL AND ECONOMIC HOUSE IN ORDER AS WELL!
5-13-2016 Newshound Guru rcookie Article: "Kurdish blocs decide next Monday its final decision about returning to Baghdad" SO IT LOOKS LIKE MONDAY IS DECISION DAY FOR KURDS RETURN TO PARLIAMENT.
5-13-2016 Newshound Guru Millionday Article quote: "Parliamentary Legal Committee revealed on Wednesday for a proposal for swearing the new ministers before the Federal Supreme Court." IN THE LAST PARLIAMENT MEETING THE CABINET WAS VOTED IN AND NOW THEY ARE TO TAKE THEIR OATH IN FRONT OF THE FEDERAL COURT INTO THEIR POSITIONS. [Do you mean the remaining cabinet members?] YES...NOT SUPPOSED TO HAVE BEEN VOTED THROUGH BUT IT APPEARS THAT IT HAS -- THIS IS GREAT.
5-13-2016 Newshound Guru wmawhite Folks...remember...there is a difference between what we know and what we think we know...we just assume that when we hear there must be security we automatically think it means physical security. Maybe that is correct, and maybe it is not correct. And why do I stated this? Because, we heard from certain folks about the need for security long before there was ISIS/ISIL. IMO, security could very well refer to financial security. The change in value of the IQD will be an electronic event outside of Iraq. Inside of Iraq an 1 IQD will still be equal to 1 IQD.
5-13-2016 Intel Guru Bruce ...this thing is a process, we are really close, we dont know the exact time, but, it will come as a thief in the night...be confident the rates great...
5-13-2016 Newshound Guru rcookie Article: "Presidency of the Council of Representatives calling for a special meeting on Sunday" NEWS IS LOOKING POSITIVE...TOWARD GETTING PARLIAMENT BACK WORKING...JABOURI IS CALLING POLITICAL BLOC HEADS FOR SPECIAL MEETING ON SUNDAY...WITH SECURITY BEING DRIVING ISSUE...AND THEY ARE EXPECTING AT LEAST 1 OF THE NOW 6 APPEAL CASES BEING HEARD IN FRONT OF FEDERAL COURT ON SUNDAY AS WELL...BARZANI STATES "I FIND IT NECESSARY TO RETURN TO HOR IRAQI PARLIAMENT"...BE PART OF IRAQ...NOT BE CUT OFF FROM POLITICAL PROCESS...ENCOURAGING! ...REMEMBER THE IMF MEETING NEXT WEEK IS A BACKDROP...JUST HANGING OVER EVERYONES HEAD...WHICH IS WHY THIS IS HAPPENING... ZEBARI AND JONES (WHO IS STILL ACTING IN CAPACITY AS AMBASSADOR) ...MEETING IN PREPARATION FOR IMF NEGOTIATIONS NEXT WEEK IN JORDAN.
5-12-2016 Newshound/Intel Guru BGG Article: "Hilali: Federal Court will decide the legitimacy of Sunday's vote on the ministerial meeting of cabin" LET ME BE CLEAR...the Iraq Parliament HAS NOT VOTED on the full, NEW, TECHNOCRAT CABINET...there have been ONLY 6 approved and voted on... in fact, even these six are being contested by the "sitters" in Parliament and this case is reportedly being heard on Sunday. (according to NEWS REPORTS) ... The full Technocrat cabinet that Abadi wants - HAS NOT BEEN VOTED ON. Will it - soon... probably. NOT YET. Will all these things happen... IMHO - probably... and it's coming. It's NOT DONE!!
5-12-2016 Newshound Guru Millionday ...THE CABINET IS VOTED IN AND WAITING TO BE SWORN. IT NOW GOES TO THE FEDERAL COURT. THE CABINET BEFORE THE FEDERAL COURT IS HUGE HUGE. SO MANY YEARS AND HERE WE ARE SEEING THE REFORMS...WE ARE AT A GREAT PLACE.
5-12-2016 Newshound Guru tlm724 Article: "The board chairman of the parliament calling for a special meeting to discuss the security situation next Sunday" Quote: "the IMF has told Iraq the need to edit the budget law to be reduced in order to hopefully disbursement of the loan during the coming period, and because the government treasury is unable to pay the salaries and benefits of the people without access to this loan it has become necessary to take legislative action legal and necessary for this matter." they have to fix their differences and correct their path IF they want the money, period!
5-12-2016 Newshound Guru Mountainman Article: "Vietnam: First digital bank service opens" Vietnam and {ALL} Other Countries are DESTINED for this GLOBAL BANKING Change...It's A GOOD Sign for What We Wait to See as Well...IMO.
5-12-2016 Intel/Newshound Guru Backdoc Article: "Vietnam: First digital bank service opens" WHEN I SAW THAT THE FIRST DIGITAL BANKING SERVICE STARTED IN VIETNAM I WANTED TO SAY WE HAVE A RATE THERE BUT ON FURTHER CONTEMPLATION I BELIEVE THE RATE IS STILL THE SAME UNTIL ALL COUNTRIES MAKE THE SWITCH! THAT FLAT GETS ME EXCITED BECAUSE WE HAVE TO BE VERY CLOSE TO WHEN RATES WILL CHANGE VALUE!
5-12-2016 Intel/Newshound Guru Poppy3 BOMBINGS PRODUCT OF MALIKI GOONS AT THEIR BEST... MALIKI DOING EVERYTHING TO DISRUPT PROGRESS. REMEMBER HE TURNED 1500 PRISONERS LOOSE AND THEY WHERE NEVER CAUGHT...THEY ARE DOING HIS DIRTY WORK NOW --- IT WILL NOT STOP PROGRESS...ABADI AND OTHERS DETERMINED MORE THAN EVER TO COMPLETE FINANCIAL REFORM.
5-12-2016 Newshound/Intel Guru BGG For all those pointing to the bombings of today as some kind of "major" reasoning for no RV...This is classic ISIS strategy - every time Baghdad gets close to some kind of resolution... they do their best to throw a wrench in the works. It is in their best interests to keep Sunni moderates and Shia progressives at odds with one another...They almost HAVE TO HAVE this chaos to survive... ironically (and this is why many are saying Maliki needs to go to jail) Maliki needs the same thing... What the bombings tell me - ISIS is worried about some coming "alignment" of the GOI - Sunnis and Shias... ALSO - Maliki's "sitters" (protestors in Parliament) are contesting every single move by MP's trying to get things done for the Iraqi people...this all becoming more and more obvious to the average Iraqi. Bad news for crooks and terrorists.
5-12-2016 Intel Guru Frank26 Imagine if this would have happened three, four, five years ago when it was supposed to...alot of people would have missed out on the opportunity...now that time has gone by from when they were supposed to do it...I think that the popularity of this subject has really grown.
5-12-2016 Newshound Guru Breitling Lots of great info out there…principle based investing…Iraq is not going to take a 180. Iran compared to Iraq. They are competing in the same oil. Iran does not have as much oil as Iraq…that's one of the scenarios you have to understand and look at. The other is in order for Iran to pull out a barrel it's $15…for Iraq it's $6…there you go it's half the price for Iraq to be able to do it. So not only does Iran have not as much oil it cost more to take it out of the ground. So they are not about to compete with Iran on that level and if they [Iran] do sell it on the Euro in the end it's not going to mean anything…70% of the economy of the globe is running itself on the US dollar. 32% of the world's economy is the United States. One country 32% of the world's economy. 70% of the currency used in trade around the globe because it's internationally used [is the US dollar].
5-12-2016 Newshound Guru rcookie ABADIS CABINET HAD QUORUM [TUESDAY]...AND ACTUALLY GOT A FEW THINGS DONE... AND DID SO...UNDER ARTICLE VII OF RULES OF PROCEDURE...
5-12-2016 Newshound Guru Mountainman The WTO Awaits the CELEBRATION of the Ceremony in June...So EVERYTHING else we see Culminating Now is The SIGNS We Need to See...PROGRESS for the FINAL VOWS...So to Speak...IMO.
5-12-2016 Intel Guru Bluwolf There is only a one rv basket with only 20 countries to revaluate, the rest will either devaluate or make minor adjustments to there current currency values. all will move sistimaticly and are synchronize to go into existence simultaneously...THERE WILL NOT BE ANY DOUBLE DIPPING WHAT SO EVER. ONCE the revaluation is official those rates will be maintained for a time lapse of no less then 30 days. ..."this shall come to pass as a thief in the SILENCE of the night." And not before!
5-11-2016 Newshound Guru Adam Montana [Can you answer with any degree of surety, is this an "IF," or a "WHEN"?] IMO this is definitely a "WHEN" and "HOW MUCH" question, not an "IF".
5-11-2016 Newshound Guru Bondlady ...within the last 2 weeks, we started seeing delete the zero articles again as there hadn't really been any for several months, that's one, ...two is ...they give us a approx. date there going to begin it supposedly this time its for real...the beginning of the 1st half of 2017...third...they then release a article within a few days later saying Iraq just received swiss printing machines for making Iraqi currency...literally saying this lol ...if iraqs gonna print there own currency it would literally save them billions of dollars ...but the thievery would be great unless iraqs not the one who has access to doing this but only the people in real charge like the imf an world bank...if this is the case then there's a very good chance something is about to happen within now to the middle of next yr that's gonna define our investment even more.
5-11-2016 Newshound Guru Adam Montana [With Abadi talking of the money smuggled out of his country, what are your thoughts on the money we bought?] I have no concerns about our Dinar, especially those of us that bought from dealers. Those dealers are licensed, the bills they brought into the US were all declared, cleared customs, etc. No concerns there IMO.
5-11-2016 Intel Guru Delta ...a month ago a columnist in Iraq said that all the citizens they know something has to happen...that they are expecting a revaluation...this columnist was saying he was expecting something within two months…this article was a month to a month and half ago so people are expecting change.
5-11-2016 Newshound Guru Mountainman We See The Inference that some things have been Done Technically Behind the Scenes...But the PUBLIC Exposure is What is Needed at this Point w/ the US BANKS...Until Then....We Will See NO FINAL RESULTS w/IRAQ...Keep in Mind...Yes The IMF said they will Finish w/IRAQ this Month...So I EXPECT Something MAJOR to REVEAL Itself w/the U S A BANKING Road Blocks...And IRAN...This is THE KEYS to An INTERNATIONAL WEDDING of GREAT VALUE...So to Speak...For that was The DEAL Made w/IRAN/IRAQ...IMO. [post 2 of 2]
5-11-2016 Newshound Guru Mountainman ...You {CANNOT} have A WEDDING w/Out The GROOM = IRAN...therefore IRAQ being the BRIDE, Requires the GROOM to Show UP Ready for the CEREMONY...Thus the REASON for Everyone Running to IRAN on A Personal Interest Level and The NEED for {EVERYONE} to See (ALL) US BANKING Barriers Removed...This Will CLEAR the FINAL Road Blocks that will FREE UP the Other GLOBAL Countries TRADE TRANSACTIONS thru [SWIFT] w/IRAN... [post 1 of 2....stay tuned]
5-11-2016 Intel Guru Delta ...the report...on the CBI website about the 4th and 5th...they talk about the RTG...the RTG is about the clearance on a check as we do here in the US...the Iraqis are working on this...what the CBI report is referring to is that for you to get a check to clear you need to get the work done on the 4th or 5th, because you will not be able to do so between the 8th and the 11th...so IMO...looks like something could be happening after the 11th...the bank is saying...this is a holiday...but that holiday was on Tuesday...this past Tuesday...so for the CBI to be telling people about these dates...maybe the auctions will stop...or something else really huge...remember when the value changes...everything has to change, they have to drop the 000’s from everywhere.
5-11-2016 Newshound Guru Adam Montana ...although there is no running to the bank yet...we see a couple of really positive things: 1. Daash (bad guys) control drops from 40% to 14% . 2. Abadi declares solid completion of Cabinet. ...remember where we were a week ago? Waiting for exactly that! So to hear that it's moved very far forward is just a great thing, and I'm hopeful for more good news in the coming days/weeks.
5-11-2016 Newshound Guru firefly This is new on the IMF site but notice the dates "Economic Diversification in Oil-Exporting Arab Countries Date: April 29, 2016" Key words in the text are DIVERSIFICATION. EXACTLY what the IMF has been instructing Iraq to do during previous Article IV meetings...And that is exactly what Iraq has been doing...especially in the Agriculture Field. The musical chairs in the political arena IMO will continue up to the EVENT...Then like magic..... Remember, Abadi himself told the people of Iraq that the 1st phase of the reforms was complete. That was 2 weeks ago I believe...
5-11-2016 Intel Guru Bruce ...we understand there were meetings going in various parts of the country today to finalize aspects of the rollout/blessing. I understand that occurred...in 2-3 parts of the country...and has moved along nicely I think. We don't know exactly what the outcome of those meetings is at this point but we think they were positive and had to do with the actual release and the timing of the release of the blessing...rates are quite, quite high...We know when we talk about the rates...are quite higher than we thought years ago...everything is working our way. Countries are very rich in natural resources and that's one of the reasons rates are much higher than we thought...Now under the new system that value is reflected in the actual currency.
5-11-2016 Newshound Guru rcookie THEY ARE READY AND ABLE TO ACCEPT ARTICLE VIII OBLIGATIONS...AND ALL THEY ENTAIL...AT ANY TIME...
5-11-2016 Intel Guru Delta We do believe they will have a large demand for certain denominations...do they really trust Iraq to do this printing... you have to keep in mind that Iraq is not in charge of the Monetary Policy...they basically had signed like a power of attorney over to the IMF...a contract with the IMF...the IMF from November 2015 all the way to the end of 2016 they are going to be in charge of every single Monetary Reform and policy in Iraq...So when Iraq needs to print more money it will be under the guidance of the IMF... we believe from several very reliable sources that the BIS has given Iraq approval on the 28th of April to move forward with the Monetary Reform...with the approval of the BIS, they report back to the IMF and the IMF follows up with that nation that says you got the green light to move forward...now IMO…and I could be wrong but I believe from the time of the IMF report they have 30 days to implement their plan…it should be very interesting the days of this week coming up...to see if they are going to do something this week or into next week...Remember the middle of 2016 is the end of June and they need the money...so all indications are showing that something has to happen… [post 2 of 2]
5-11-2016 Intel Guru Delta I’m going to talk about the CBI report about the arrival of the Swiss equipment to print Iraqi currency…they are stating that those pieces of equipment they will be for printing of Iraqi currency…we know the LD’s are there... then why would they be receiving these machines…we feel it arrived a long time ago…many of the articles are old when we see them…especially those that have to do with the Monetary Policy…currency denominations…information from the CBI…So we believe that equipment was already at the CBI…so what is going on here...Why the machines from Switzerland…Iraq has printed it’s money...but now they have to get the plates...and they need those specific machines that were associated with those plates if they have a need to print more…like when the revaluation or the RV takes place...we believe this equipment will be for the LD’s...these machines are brand new...they are huge and there are like 6 or 7 of them...this is huge information. [post 1 of 2....stay tuned]
5-10-2016 Intel Guru Frank26 Dr. Shabibi tried to talk with you this weekend... there was an article...that talked about the year 2017...the article said that basically we are done with Phase 1...IMO...that is the Reinstatement of the IQD...he talks about the next phase…and IMO...that is the Revaluation...the RV...we are walking out of an RI into an RV of the Monetary Reform of the IQD. And I apologize that I messed up...I made a post and said we are walking into the RI...We are walking out of the RI and walking into the RV...you see the RI is at 1166 a program rate being held and controlled by the IMF...but the RV is their sovereignty...it is their prerogative...it is their privilege, their right to do that...to raise the value of their currency...
5-10-2016 Newshound Guru rcookie ...ABADI AND JABOURI HAVE GIVEN ABSOLUTE ASSURANCES OF 2 MAIN THINGS...THE PROSECUTION OF "INFILTRATORS" OF PARLIAMENT AND PROPERTY DAMAGE OF PROTESTORS AND DEMONSTRATORS (SADRISTS)...AS WELL AS BOLSTERING OF SECURITY AND PROTECTION MEASURES OF MILITARY PERSONNEL DEPLOYMENT AT STATE INSTITUTIONS AND PRIVATE PROPERTY...AND CITED 2 BIG...BIG...BIG UPCOMING HIGH LEVEL MEETINGS...1 WITH IMF...AND THE OTHER G7 TO SUPPORT IRAQ ECONOMICALLY AND SUPPORT OF COMPREHENSIVE REFORMS...
5-10-2016 Intel Guru Hub did anyone see or hear the report...on the major radio networks about Morgan Chase completing the systems between them, London and Tokyo to ease world banking, I dont know this has anything to do with what we are watching, but a lot of our conversation has been with the banks being able to talk to each other...i though this was very interesting with all the pinging talk over the past and the systems world wide needed to be in touch with each other. ...said instantaneous banking...world wide.
5-10-2016 Intel Guru Frank26 IMO...my opinion has been altered...I do not think that anyone is going to wait for Iraq....and Iraq knows this and now they will work to finish their MCP [Multi-Currency Policy] and only have one currency...with its own rate not a program rate that is artificial from the IMF. Abadi even said a while ago we are going to stop our MCP...but I want you to know...not in my opinion…I want you to know...this is #1 on his agenda...it is way up there on the top of his agenda to remove all of the currencies that are in Iraq...he needs his own currency to pay his own salaries, his own armies, his own bills...and by the way…these steps Boom...BOOM...all of these steps can be done all at once it is like flipping a switch.
5-10-2016 Newshound Guru Kaperoni We have always stated that currency reform must occur prior to the transition to a market economy. Which is very important to understand since we know Iraq is trying very hard to transition away from oil and create a more diverse economy. As part of the Balassa-Samuelson effect the growth of the economy and the appreciation of the currency are directly related. This statement from the IMF report above further confirms this... "...The non-oil private sector remains relatively small and, consequently, has been only a limited source of growth and employment. Because oil is an exhaustible resource, new sectors need to be developed so they can take over as the oil and gas industry dwindles. Over-reliance on oil also exacerbates macroeconomic volatility..."
5-10-2016 Newshound Guru firefly IMO, Abadi has completed everything that was asked of him from the WB, IMF, UN and USA for quite some time.
5-10-2016 Intel Guru hub just thinking...the value of a currency unless under some sanction as the UN put on Iraq, follows the value of the resources of the sovereign nation. Im not sure how the banks having to be restored interacts with the value of a currency...availability yes, but not sure about value. The trade markets and all the taxation, tariffs, taxes, etc, determine the monetary value of the currency...if the currency is internationally accepted, the changes in international values happen in the market place, not because some one if afraid something bad might happen. The US $ changes value several times a day as do all world currency trading markets. currency traders move billions of currency every day. so i personally imo think that after the UN sanctions were satisfied, the currency should by economic principal have reached the international trading value.
5-10-2016 Newshound Guru rcookie Article: "The establishment of an independent body contributes to the transition to a market economy" THAT ARTICLE SUMS UP THE PRIVATE SECTOR NARRATIVE WE HAVE SEEN UNFOLDING EVERY DAY...THE ONE TRUTH HERE IS THAT ALL OF THIS COORDINATION OF PRIVATE SECTOR OPEN MARKET SYNERGIES IS NOT GOING TO HAPPEN AT A CURRENCY VALUE OF A TENTH OF A PENNY...AND REMEMBER THE WB HAS BEEN WORKING WITH THEM AND AUDITING THE 2 SOB'S AND 192 SOE'S FOR FEASIBILITY...IS THERE ANYONE THAT DOES NOT SEE THIS AS PRECURSOR TO IMF ANNOUNCEMENT OF ENTERING GLOBAL OPEN MARKET ECONOMY IN FIRST HALF OF 2016...
5-10-2016 Newshound Guru wmawhite Two separate trains on two separate tracks heading in the same direction...monetary reform headed to enter the economy/global markets and the governmental reformers ready to support Iraq going forward....Gold reserves still at 90 tons...getting a handle on the corrupt auctions...the monetary reform train is still speeding down the track towards the economy/global markets...."life is good"...
5-10-2016 Newshound Guru Islandg1211 There appears to be a calm after - and maybe - before the next storm in Iraq. Sadr is suddenly being quieted. Abadi has at least five Ministers. The Kurds again used their threat to not show up, thereby denying a quorum, as a bargaining chip, to get paid. But, they seem set to go back to work. Letting the RV go through independently, arresting Maliki, keeping Sadr quiet, and changing Ambassadors, may finally bring progress. ...the RV is the first step towards rebuilding and diversifying the economy and moving towards a growing private sector. Thus, the Monetary Reform which cumulates in an internationally recognized currency with value, prompts both progressive changes politically within the GOI, and the economy.
5-10-2-16 Newshound Guru chattels Article quotes: "Parliament sessions should not take place in the absence of Kurdish MPs, because Kurds are an important part of the Iraqi political process," "deputy from the Kurdistan Alliance said on Saturday, that the Kurds minister will not attend the Cabinet meeting scheduled tomorrow in Baghdad." Kurdish MPs say they welcome Jabouri in Sulaimani and may hold talks with him but they are far from moving back to Baghdad any time soon. Sunni MPs are not ready to return to the parliament either "until they are reassured of their safety." [Did I hear right somewhere that parliament was taking 2 months off?] Not that I have read. Actually Jubourri calling to reconvene asap. Waiting to hear whether the Kurds will end their boycott of Parliament and whether the Sunni will return to Parliament.
5-9-2016 Newshound Guru Millionday Article quote: "...Najib in an interview for "Economy News", the political crisis that Iraq is going through at the moment will not affect the IMF loan, because this issue has nothing to do with the crisis..." HE IS STATING THAT THE POLITICAL ISSUES WILL NOT IMPACT THE LOAN FROM THE IMF -- THEY ARE SEPARATE...
5-9-2016 Newshound Guru wmawhite ...what did Dr. Shabibi/Saleh/Abadi say in the interview about the value of the IQD... the answer... Dr. Shabibi, Saleh and Abadi stated that the IQD will be held as a reserve currency by many countries and its value will be comparable to it's neighbors....(paraphrasing) ...this...is a fact...I have seen the transcript of the interview.
5-9-2016 Newshound Guru Islandg1211 The major indicator, IMO, that the plan for the Monetary Reform, is being completed, is the co-signing of Iraq's debt by the U.S. Secretary of the Treasury. Bonds, loans, an improved credit rating, and the final review of the IMF's first half of 2016 LOI plan, have all been reported to be in process and appear to be on schedule. Additionally, a recent article affirmed that the loans - and IMO, the Monetary Reform - is going forward regardless of the political drama. IMO...the BIS approved of Iraq's Monetary Reform on April 28. So, now we get an article stating that the loans - and I believe the RV/Article VIII compliance - are (now/change in U.S. policy being implied) independent of the GOI. So, instead of using the withholding of the RV as a threat to get the GOI reformed, IMO, the U.S. will now go ahead with the RV. This, in turn, will ignite the HCL causing the needed reforms within the GOI. [post 2 of 2]
5-9-2016 Newshound Guru Islandg1211 IMO, Ramadan has Nothing to do with the Monetary Reform nor the global changes happening around the world. The two are just not related, but could be just coincidental. IMO, the Monetary Reform was planned, outlined, supervised and assisted by the IMF starting last Fall, cumulating in the December 2015 LOI. This corresponded directly, IMO, with the commitment by the United States to remove ISIS and send more troops into Iraq. The overall plan seems to have also involved backing PM Abadi. I stand by my opinion, that last March, during Abadi's meetings with the IMF, he did not get outside support, but just the autonomy to RV. In my opinion, Iraq was told to "get their act together." At the time... IMO, the RV was never in play prior to April 28th, 2016 because the needed steps in the LOI (Letter of Intent) had to be completed and they will have to be reviewed. [post 1 of 2....stay tuned]
5-9-2016 Newshound Guru rcookie Articles: "Jubouri opens fire in Sulaimaniyah on events parliament will not pass easily" & "Minister: Minister Kurds return to Baghdad will be decided in the coming hours (Details)" Quote: "Jubouri and arrived in the city of Sulaymaniyah, to meet with the leaders of Kurdish political blocs in the Iraqi parliament to urge them to return to Baghdad." JABOURI IN KURDISTAN...MEETS WITH BLOC LEADERS TO URGE RETURN TO PARLIAMENT...GIVES ASSURANCES OF ACCOUNTABILITY AND SECURITY... CITIZENS [ARE] READY TO ROCK & ROLL TUESDAY ONCE OFFICIALLY CALLED BY JABOURI...AND WITH THE KURDS STATING THEY WILL ANNOUNCE DECISION ON WHETHER ATTENDING OR NOT WITHIN HOURS...WE MIGHT KNOW SOMETHING SOON.....
5-9-2016 Newshound Guru Millionday Article quote: "...»Sabah»: the number of states have passed the same experience and exceeded the transitional phase in the economy quietly and smoothly and mechanisms certified executive by involving the public and private sectors and relevant experts..." SABAH IS STATING THAT THERE ARE MANY COMMITTEES FORMED FOR THE TRANSITION TO A MARKET ECONOMY...WHOOPOW...MANY YEARS HAVE JUST BEEN FULL OF THE COMPLETION OF PLANNING, LEGISLATION, AND EXECUTIVE MOVES...THE RETHINKING OF THE MECHANISMS WOULD BE THE JOB OF THE COMMITTEE --MEANING THAT THEY ARE TO STEER THE ECONOMY THROUGH THE MARKET ACTIVATION TO PARALLEL THE CONSTITUTION, GOV PLAN AND THE NATIONAL DEVELOPMENT WRITTEN ALL THE WAY TO 2030.
5-9-2016 Newshound Guru rcookie Article: "Rafidain Bank and finance are therefore able to recover funds abroad" Quote: "The Bank's management in cooperation with the Ministry of Finance contributed to recover money wasted market and abroad...which contributed to a strong financial balance." WOW! IRAQ STATING THAT RAFIDAIN HAS ACHIEVED IMPORTANT FINANCIAL SUPPLEMENT TO ITS BUDGET...STRENGTHENING REGULATORY UNACCOUNTABLE FUNDS IN COOPERATION WITH MINISTRY OF FINANCE...RAFIDAIN RECOVERED MONEY "WASTED" IN EXTERNAL MARKETS ABROAD...WELL ITS OFFICIAL THEY ARE RECOVERING SOME OF THE PILFERED STATE FUNDS THROUGH INTERNATIONAL COMPLIANCE AND COOPERATION...PRETTY BIG NEWS...IN INK!
5-9-2016 Newshound Guru firefly Article: "Rasheed Bank grants loans of up to 20 million for the operation of small businesses" ...it definately helps their economy...And more confirmation that Rasheed bank is ready! [I think May is a great month.] Will be an extremely interesting month and one to watch closely!
5-9-2016 Intel Guru Frank26 We are in the process of entering the ... RI.
5-9-2016 Intel Guru hub ...i just know the law of economic principal will prevail. Look at the GNP or GDP of countries that have worthless currencies. They are worthless because they have no KNOWN resources. BUT look at what is happening to VN, ZIM and other such places. New Technologies have ways to extract natural resources not able to be obtained before. So are we seeing their worthless currencies gaining value, yes. Iraq is known to be one of the riches countries in the world, but still has a worthless money right now. But imo they have to be very close to coming to the world fore front economically. ...they will not be worth trillions in resources and not have a currency worth trading...
5-9-2016 Newshound Guru Millionday PARLIAMENT IS TO MEET ON --- TUESDAY THIS COMING UP...THE PLAN IS TO VOTE THROUGH THE CABINET AND AGENDA. THEY HAVE HAD MANY INVASIONS INTO THE GREEN ZONE AS WE KNOW BUT --- THESE ARE CITIZENS CALLING FOR REFORMS --- NOT TERRORISTS --- ACTIVISTS... HOWEVER --- TROOPS HAVE BEEN SENT OVER REPORTEDLY FOR PROTECTION ETC. HAVE FOUND SOMETHING THAT I FIND VERY INTERESTING --- DUE TO MANY YEARS AGO WE WATCHED FOR TROOPS LIKE THIS AND EXPECTED ADDED TROOPS DURING REFORMS --- IMO DISCLAIMER. Quote: "A commission of economy and investment representative, on Friday, announced the arrival of Swiss devices for the printing of currency to Iraq..." THIS WOULD BE DEL A RUE IMO --- NOT PRINTING --- THE CURRENCY HAS BEEN REPORTED TO BE CONTRACTED BY TWO COMPANIES AND PRINTED SOMEWHERE ELSE. SO--- IT APPEARS THAT THE DEL A RUE MACHINES HAVE ARRIVED AND MADE THE NEWS --- WHOOPOW.
5-8-2016 Newshound Guru Stryker ...parliamentary finance committee member Ahmed Sarhan stated in...articles this morning that the political crisis will not hold up the loans and at the same time he's trying to paint a pretty picture for the people of Iraq but the ability of Abadi to reshuffle his cabinet will hold it up... Sarhan continued in these articles by saying that the crisis is going to be resolved soon and I believe it will too...
5-8-2016 Newshound Guru firefly Article quote: "Baghdad – counting and Planning Minister Ali Shukri, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed “It’s an important step was waiting for Iraq to raise the value of the dinar.” government banks Rafidain and Rasheed...Notice all the talk about those 2 banks lately? Both claiming to be ready and the CBI confirming it...Follow the MONEY folks.
5-8-2016 Intel Guru hub If Iraq waits until everything is perfect, then this will never happen. Look at the problems our country has and we do not stop our economy to clear up drug cartels, poor national administrative actions, crazy congress member, stupid welfare laws, high crime rates in major municipalities, and so forth and so one. I, in my opinion, feel if they were to start this ball rolling, the people get some jingle in their pockets, it will be surprising how things will work the economic reforms.
5-8-2016 Newshound Guru Backdoc SUNDAY WOULD BE THE BEST TIME FOR BANKS TO SYNC A MULTIPLE CURRENCY RESET AS WELL. BE ASSURED I'M PICKING NO DATES HERE BUT SIMPLY WATCHING THE PROCESS UNFOLD AND WATCHING THE LOGIC AND PATTERNS THAT THEY FOLLOW! SEEMS THAT TOO MANY THINGS ARE HAPPENING THIS WEEKEND BY SUNDAY! [post 2 of 2]
5-8-2016 Newshound Guru Backdoc WE KNOW THEY LIKE TO LAUNCH IMPORTANT THINGS ON THE 8TH! DON'T FORGET THEY DID IT TO FORM IRAQS' GOVT. SEPT. 8TH 2014, AND WHEN THEY DROPPED THE ZEROS BEHIND THE CURTAIN TO MAKE REMITTANCES COUNTRY TO COUNTRY ON MARCH 8TH 2015! THEY USED THE DOLLAR WITH CONTRACTS TO PROTECT THE NOTE COUNT ON THE DINAR FROM THAT POINT! IS IRAQ READY TO PULL BACK ITS' CURTAIN AND TO PAY IN DINAR? [post 1 of 2....stay tuned]
5-8-2016 Newshound Guru firefly Just a reminder... "World Bank Iraq Trust Fund" "The International Reconstruction Fund Facility for Iraq (IRFFI) was launched early in 2004 by the United Nations and the World Bank to help donor nations channel their resources and coordinate their support for reconstruction and development in Iraq. The World Bank Iraq Trust Fund (WB ITF) is one of the two trust funds for donor contributions." by the United Nations and the World Bank "World Bank Restructure the Rafidain and Rasheed in Order to Raise the Value of the Iraqi Dinar...March 26, 2013" Folks, what is happening in the GOI has absolutely NOTHING to do with their monetary reform. You want facts? Look at the IMF, WB, BIS, Global Markets and what their Central Banks are doing. Remember this word ... "COMPLIANCE".
5-8-2016 Newshound/Intel Guru BGG Iraq has been like a FREE ATM to these CLOWNS draining Iraq and it's people of USD, IQD, GOLD and most importantly OIL...THEY KNOW...Abadi knows...Sadr knows...they are forming an "alliance" of sorts...against all these crooked thugs and clowns in Parliament...against whomever is behind the CBI (because - OBVIOUSLY - Maliki COULD NEVER HAVE stolen what he did without them being IN ON IT. NOT POSSIBLE...DID YOU NOT SEE THE DEMONSTRATIONS put up by SADR again TODAY?? this is real - it's not politics - it's ECONOMICS. QUIT STEALING THE MONEY!! ...THE REFORM has started...you are watching it...this will happen...we are on the right side of the BET!!
5-7-2016 Intel/Newshound Guru Poppy3 ...WHO WHEN AND WHERE WILL THEY ANNOUNCE THE NEW RATE OF THE DINAR. I HAVE HEARD MANY SAY THEY THINK IT WILL BE A WORLD EVENT AND WILL START WITH HUGE GLOBAL CELEBRATION. I REALLY DON'T THINK SO...I THINK WE WILL JUST WAKE UP ONE MORNING AND WITHOUT WARNING THE RATE WILL SHOW THEN THEY WILL START ADVERTISING THEY ARE NOW MEMBERS OF GLOBAL ECONOMY AND OPEN FOR BUSINESS WITH THE WORLD. TIME WILL TELL.
5-7-2016 Newshound Guru Stryker Article: "Contractors raise lawsuits against the ministries for financial dues" This shows how bad Iraq really needs to get their act together and get the government reshuffle completed. Negative press on their ability to pay their bills while they are trying to convince the credit grading agencies to give them a better credit rating isn't really what they need right now. On top of that this doesn't look good when they are trying to give the IMF confidence that they will and can live up to Iraq's Letter of Intent. It's not all bad though...changing ministers will get Iraq where they need to be, the political crisis over, increase security and make the people of Iraq happy as well.
5-7-2016 Newshound Guru Mountainman ...Iran Is Ready...This Should Sound the Alarms of Value Bells Everywhere that Things Are Very Close w/The SHIA BROS to WALK Down that Aisle of Public Bliss...Very Soon...IMO. ...VIETNAM is Like IRAN=CHOMPING at the BIT So to speak...They Can't Wait to Bust Into A New Valued Reality...and GROWTH will be On STEROIDS. VIETNAM says....PUSH the BUTTON Already...LOL...Let's GO NOW...IMO.
5-7-2016 Newshound Guru Islandg1211 Our ship is coming in and it's going to big and it's going to international! Ship left its Swiss port April 28 heading West?
5-7-2016 Intel/Newshound Guru Poppy3 i will repeat again...IRAQ HAS NEVER DONE ANYTHING BEFORE THE LAST POSSIBLE MINUTE. THEY HAVE NEVER, NEVER, NEVER FINISHED ANYTHING EARLY. YES THEY CAN AT THIS TIME GIVE THE NEW RATE BUT DO I REALLY BELIEVE THEY WILL NOPE. I HAVE CONFIDENCE THEY WILL WAIT TILL THE LAST MINUTE WHEN PENDING PENALTIES FROM THE UNITED NATIONS, IMF, WORLD BANK DISCIPLINE BEFORE THEY WILL FINALLY GET R DONE. MY PREDICTION FOR OUR SERIOUS NEXT REAL POSSIBILITY IS LAST WEEK OF JUNE THROUGH THE FIRST WEEK OF JULY BUT I AM VERY HAPPY TO SAY THAT BECAUSE THATS THE OFFICIAL WORDS. I'VE WAITED READ EVERYTHING FOR MANY YEARS...I HAVE COMPLETE CONFIDENCE AND NEVER WAVERED ON MY FAITH I WILL BE THE WINNER FOR MY WAIT. 7 MORE WEEKS IS NOTHING. BEEN HERE VERY CLOSE TO 13 YEARS AND I AM ABOUT TO RECEIVE REWARDS.
5-7-2016 Newshound Guru Mountainman IRAN is Waiting in the Wings...as A Financial Break Thru is About to Happen...Many...Countries...Including IRAQ...Are In LINE for INTERNATIONAL Settling Thru SWIFT...The DAM is About to Burst...Hang Tough IRAN You and your SHIA BRO [IRAQ] can WALK Together Real Soon...IMO.
5-7-2016 Newshound Guru firefly Sadr is for the people of Iraq, the citizens! He is well known for destroying political carers...Only the bad guys... He wants the people to have back what was taken from them...Electricity, water, etc. He is pushing HARD for the reforms and even signed an agreement with Abadi 2 weeks ago. IMO the timing is on track. From what I am hearing, MANY people are expecting great things this month. MAY should be a VERY VERY VERY telling month.
5-7-2016 Intel/Newshound Guru Backdoc DO I SMELL THE HINT OF MONEY FLOW BEGINNING TO HAPPEN WITH IRAN? IF IRAN IS STARTING TO MOVE FUNDS AGAIN I PREDICT THE CBI OF IRAQ WILL ACT IN CONCERT THE TWO SHIA BROTHERS COULD BE SEEING NEW BEGINNINGS ON THE 8th... TIME WILL TELL.
5-7-2016 Newshound Guru Adam Montana I'm excited about the current situation. The people are done with the dragging of heels, parliament is making REAL changes, and we've got a very realistic path to the HCL via a rearranged parliament and some much needed renewed purpose in the GOI.
5-7-2016 Intel/Newshound Guru Poppy3 ...WHO WHEN AND WHERE WILL THEY ANNOUNCE THE NEW RATE OF THE DINAR. I HAVE HEARD MANY SAY THEY THINK IT WILL BE A WORLD EVENT AND WILL START WITH HUGE GLOBAL CELEBRATION. I REALLY DON'T THINK SO...I THINK WE WILL JUST WAKE UP ONE MORNING AND WITHOUT WARNING THE RATE WILL SHOW THEN THEY WILL START ADVERTISING THEY ARE NOW MEMBERS OF GLOBAL ECONOMY AND OPEN FOR BUSINESS WITH THE WORLD. TIME WILL TELL.
5-7-2016 Newshound Guru Stryker Article: "Contractors raise lawsuits against the ministries for financial dues" This shows how bad Iraq really needs to get their act together and get the government reshuffle completed. Negative press on their ability to pay their bills while they are trying to convince the credit grading agencies to give them a better credit rating isn't really what they need right now. On top of that this doesn't look good when they are trying to give the IMF confidence that they will and can live up to Iraq's Letter of Intent. It's not all bad though...changing ministers will get Iraq where they need to be, the political crisis over, increase security and make the people of Iraq happy as well.
5-7-2016 Newshound Guru Mountainman ...Iran Is Ready...This Should Sound the Alarms of Value Bells Everywhere that Things Are Very Close w/The SHIA BROS to WALK Down that Aisle of Public Bliss...Very Soon...IMO. ...VIETNAM is Like IRAN=CHOMPING at the BIT So to speak...They Can't Wait to Bust Into A New Valued Reality...and GROWTH will be On STEROIDS. VIETNAM says....PUSH the BUTTON Already...LOL...Let's GO NOW...IMO.
5-7-2016 Newshound Guru Islandg1211 Our ship is coming in and it's going to big and it's going to international! Ship left its Swiss port April 28 heading West?
5-7-2016 Intel/Newshound Guru Poppy3 i will repeat again...IRAQ HAS NEVER DONE ANYTHING BEFORE THE LAST POSSIBLE MINUTE. THEY HAVE NEVER, NEVER, NEVER FINISHED ANYTHING EARLY. YES THEY CAN AT THIS TIME GIVE THE NEW RATE BUT DO I REALLY BELIEVE THEY WILL NOPE. I HAVE CONFIDENCE THEY WILL WAIT TILL THE LAST MINUTE WHEN PENDING PENALTIES FROM THE UNITED NATIONS, IMF, WORLD BANK DISCIPLINE BEFORE THEY WILL FINALLY GET R DONE. MY PREDICTION FOR OUR SERIOUS NEXT REAL POSSIBILITY IS LAST WEEK OF JUNE THROUGH THE FIRST WEEK OF JULY BUT I AM VERY HAPPY TO SAY THAT BECAUSE THATS THE OFFICIAL WORDS. I'VE WAITED READ EVERYTHING FOR MANY YEARS...I HAVE COMPLETE CONFIDENCE AND NEVER WAVERED ON MY FAITH I WILL BE THE WINNER FOR MY WAIT. 7 MORE WEEKS IS NOTHING. BEEN HERE VERY CLOSE TO 13 YEARS AND I AM ABOUT TO RECEIVE REWARDS.
5-7-2016 Newshound Guru Mountainman IRAN is Waiting in the Wings...as A Financial Break Thru is About to Happen...Many...Countries...Including IRAQ...Are In LINE for INTERNATIONAL Settling Thru SWIFT...The DAM is About to Burst...Hang Tough IRAN You and your SHIA BRO [IRAQ] can WALK Together Real Soon...IMO.
5-7-2016 Newshound Guru firefly Sadr is for the people of Iraq, the citizens! He is well known for destroying political carers...Only the bad guys... He wants the people to have back what was taken from them...Electricity, water, etc. He is pushing HARD for the reforms and even signed an agreement with Abadi 2 weeks ago. IMO the timing is on track. From what I am hearing, MANY people are expecting great things this month. MAY should be a VERY VERY VERY telling month.
5-7-2016 Intel/Newshound Guru Backdoc DO I SMELL THE HINT OF MONEY FLOW BEGINNING TO HAPPEN WITH IRAN? IF IRAN IS STARTING TO MOVE FUNDS AGAIN I PREDICT THE CBI OF IRAQ WILL ACT IN CONCERT THE TWO SHIA BROTHERS COULD BE SEEING NEW BEGINNINGS ON THE 8th... TIME WILL TELL.
5-7-2016 Newshound Guru Adam Montana I'm excited about the current situation. The people are done with the dragging of heels, parliament is making REAL changes, and we've got a very realistic path to the HCL via a rearranged parliament and some much needed renewed purpose in the GOI.
5-6-2016 Newshound Guru Mountainman Article quote: "The head of the UN Security Council in Kurdistan Barzani, the Kurdistan Region Try all avenues with the federal government in Baghdad, but without any result, adding that the region wants independence from the center but peacefully, without violence and fighting." Well for Now it's Best for {ALL} to Get IRAQ International......Restoring the Country, Corporations, Citizens...Netting Confidence, Security, and Stability...In Due TIME...The Kurds can Go back to the Drawing Board and Move themselves thru A Long Drag Out Fight to be INDEPENDENT...But {NOW} is Not the TIME...IMO
5-6-2016 Newshound Guru firefly [...if IMF remove restrictions, how does that effect UN sanctions. Or rather how or are they connected in any way?] it is not the job of the IMF to remove restrictions...Only the UN is capable of doing that...IMF is monetary. So why was the UN in Iraq a week prior to the IMF and WB meetings?
5-6-2016 Intel/Newshound Guru Poppy3 MARKET ECONOMY ACCORDING TO IMF TO BEGIN IN JUNE? WILL THEY? ONLY TIME WILL TELL? THIS IS THE TIMELINE THE IMF AND WORLD BANK ISSUED THEM BACK BEGINNING IN JAN. 2016. I HAVE EVERY FAITH THEY WILL MEET THIS DEADLINE. THERE IS NOTHING ELSE OFFICIALLY TO HANG YOUR HAT ON AND UNTIL THERE IS WE MUST CONTINUE TO STAND IN FAITH THEY WILL GET IT DONE.
5-6-2016 Newshound Guru firefly [...I'm praying for something to happen this weekend, we will see...] There are many people expecting to see something very soon !
5-6-2016 Newshound Guru Islandg1211 The war against ISIS is 70% complete. Although the toughest battles will be Fallujah and Mosul. Baghdadi may have been hit, and not releasing that Intel would be very encouraging. However, the GOI is a big mess, combined with Sadr's and the protestors' actions. Maliki and Shahstani are still not arrested. The GOI still isn't meeting. Abadi still hasn't announced the rest of his cabinet. The laws are still not passed. The Kurds' Article 140 and HCL are still not law. All of this is in my opinion. But, I said this on Monday and I'll say it again, Abadi has to use his power now or lose it.
5-6-2016 Intel Guru Bruce ...rv happened on Tuesday morning.... but with authority still pending...new financial system will not allow price fixing, manipulation - set up so its fair...in the past blatant transactional manipulations... now it is designed to be fair, much faster, and transparent...financial deceptions are now exposed... it is possible that we are in a strong position right now, that we will see redemptions ...very very shortly...once the process begins, there is turning back. That is why there has been so many stops and starts. I would say we are in a position that we will see this very shortly.
5-6-2016 Newshound Guru Backdoc IF YOU ALL REMEMBER IRAQ HAD TO SETTLE DEBTS WITH ITS CREDITORS A COUPLE YEARS AGO! HERE WE GO AGAIN! WE AWAIT FOR IRAQS' SHIA BROTHER [IRAN] TO SETTLE ITS DEBTS SO IT WILL BE ALLOWED TO RE-ENTER THE WORLD! WHAT I STRONGLY BELIEVE IS IRAQ HAS MADE UP DRAMA TO STRING THE STORY ALONG UNTIL IRAN IS READY! IMO THE TWO SHIA BROTHERS WILL GO TOGETHER! IT HAS ALWAYS BEEN PART OF THE DEAL! AMAZING HOW IRANS RESERVES HAVE SOARED, THAT CAME OUT OF NOWHERE! WOW! ONCE THE DEBTS ARE SETTLED AND WE HOPE VERY SOON, IRAN WILL HAVE A CURRENCY OF COMPATIBILITY TO ITS SHIA BROTHER AND THE REST OF THE MONETARY REFORM WILL LAUNCH! THIS IS WHAT WE WAIT FOR NOT IRAQ! IRAN! ...IMO.
5-6-2016 Intel Guru Blowolf ...We are now in a great point...we are there in all aspects of this whole rv situation. Things shall be moving forward shortly...
5-6-2016 Newshound Guru wmawhite ...what the deletion of the zero project is? ...it is a "project"...not a single event...the CBI, which controls the project...is already in the process of doing... Also...the process of moving into the markets is not going to wait on whether the Prime Minister has all of the ministers he wants or if he has only half...it is a process that has already started...and again, what we see is not the end of the world...just look at Japan's parliament, or Turkey's...not all of the world follow our rules of behavior.
5-6-2016 Newshound Guru Chattels ...the political discord makes it almost impossible to get anything through parliament, which is necessary to change the government. ...Abadi can change nothing without Parliament. The notion and assertions by the others that Abadi is "in control" or that "Parliament has been fired" is just nonsense. It is a dangerous "game" being played and the future of a democratic Iraq as we know it hangs in the balance.
5-6-2016 Intel/Newshound Guru Poppy3 "...slow but deliberate movement...positioning to complete reform sometime in near future during june..." TIME WILL TELL...SOME REPORTS THAT KERRY REQUESTED WHILE HE WAS THERE A COUPLE WEEKS AGO THAT IF THEY WHERE NOT GOING TO FINISH REFORM TILL THE LAST WEEK OF JUNE TO JUST WAIT TILL JULY 4TH AND THE USA COULD CELEBRATE A NEW INDEPENDENCE DAY. I TRULY DOUBT THIS...HOWEVER I COULD HEAR KERRY MAKING THAT SUGGESTION... ...we have come thousands of miles in comparison to previous years on things actually getting completed...get ready for great news in june till july first week. there will be movement during that time...not sure if they will rv during that time but it is expected by many researchers...we are definitely closing in and we will all win together.
5-6-2016 Intel Guru Frank26 IMO...Last Thursday BIS and WB said to Iraq...Go on MR. Then they say that the IMF said they will finish with Iraq in May. That's what i believe.
5-5-2016 Newshound Guru Shredd 1. Move to Market Economy with a market-driven currency 2. Supplement note denominations to support the growing value, as well as whatever the rate adjusts to rapidly to start with. 3. As large three zero notes become too large, begin removing from circulation 4. As rate continues to grow, continue to release the entire book of note denoms 5. De-dollarize [post 3 of 3]
5-5-2016 Newshound Guru Shredd so if we are to expect a move to a market economy with a market-driven floating rate, that will need to be in place before they activate actually removing the 3 zero notes...they are usable now due to the poor rate but in order to remove them, there must be incentive via a higher purchasing power, ie more value...so,this is a process, it will take time...so if the three zero notes being removed early next year, this process to get to that stage will need to start earlier...the process of having a rate that gives enough purchasing power to exceed the usefulness of the three zero notes because they will be too large. imagine if the only USD notes we had were 100, 500, 1000, 5,000 and 10,000 same thing. [post 2 of 3....stay tuned]
5-5-2016 Newshound Guru Shredd Article quote: "the Governor of the Central Bank and the agency on the Keywords, said a former time, that " the project to delete the zeros will be implemented in early 2017, noting that the bank" began to develop the first project steps." to begin to remove the zeros beyond shrinking the supply that has already been taking place over the past few years, the dinar will need to be usable to the people...that can happen by adding value and as a result, adding smaller denoms eventually decreasing the need for the dollar. [post 1 of 3....stay tuned]
5-5-2016 Newshound Guru tlm724 Article quote: "...the Governor of the Central Bank and the agency on the Keywords, said a former time, that " the project to delete the zeros will be implemented in early 2017, noting that the bank" began to develop the first project steps." The project to delete the zeros still exists...still on the table...great to see it in the news again! the situation of the country is not conducive to the deletion of zeros from currency...we kinda knew that... implementation delayed because of the security situation is stable.
5-5-2016 Newshound Guru Islandg1211 The Monetary Reform was spelled out in the LOI from the CBI to the IMF six months ago. The final review scheduled in the LOI is the end of May. Combine this with Intel that the BIS and WB have signed off on the RV, along with Abadi and Biden. The bond, loans and credit rating agreement that was started in April with Jack Lew is expected to be finalized this month. 98% of the banking reform is complete. Abadi has stated that he has eliminated the Proxy positions, allowing him to appoint a new Gov of the CBI. The Board of Directors have already been replaced. So, the Monetary Reform has really progressed and is falling into place.
5-5-2016 Newshound Guru Stryker QUOTE: "the goal of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currencies." Statement today by Committee on Economy and Investment Parliamentary member, Najiba Najib. ...supporting documentation from the CBI and the IMF...shows Iraq is about to change their Monetary Policy that will add value to the dinar and make it a convertible currency that will be a competitor of foreign currencies...
5-5-2016 Newshound Guru Chattels There is no national state of emergency in Iraq. Abadi is not "in control". Parliament has not been "fired". Parliament is not meeting in Najaf. Parliament must approve a declaration of emergency by a 2/3 vote. Parliament cannot even make quorum with the Kurds having left town, much less agree upon such a declaration. People are grasping at straws to support their wishful thinking that the IQD will revalue any day now. Iraq is a mess and may not survive the summer at least in the form that we know it today. The "fantasy news" and the "all news out of Iraq is erroneous" is just plain silly. Iraq "entering the world markets" and an attendant "RV" in the first half of 2016 is delusional. You can vilify me in July/August if I am wrong. Democracy is a messy business. Some make it through, others not. We shall see what fate has in store for Iraq and us.
5-5-2016 Newshound Guru Admin Bob Article quote: "the project to delete the zeros will be implemented in early 2017, noting that the bank" began to develop the first project steps. "he explained " the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currencies." I believe that has been the plan for some months. Remember you cannot delete zeros prior to raising the value. 2017 has been the goal for some time.
5-5-2016 Newshound/Intel Guru BGG [I have a question about...in regards to Abidi forming new 'groups' and ridding the old ones...could the RV take place during this long process of changing such a large formation of 'government'?] I think that is accurate... RV could take place soon for a lot of reasons - once Abadi has a handle on things.
5-5-2016 Newshound Guru firefly Article qutoe: "The CBI confirmed its intention to remove the remaining exchange restrictions and the MCP, in line with Iraq’s objective of accepting Article III obligations." Iraq’s objective of accepting Article III obligations. This is the IMF talking folks!
5-5-2016 Intel/Newshound Guru Poppy3 ABADI HAS GIVEN THEM CHANCE AFTER CHANCE TO DO THEIR JOB. HE HAS MORE PATIENCE THAN I EVER IMAGINED. QUESTION WHEN DOES THE PATIENCE RUN OUT WITH THE ONES STANDING AGAINST THE PEOPLE OR IS THIS ANOTHER PLOY FOR HIM TO WEED OUT OTHERS HE HASN'T BEEN CONVINCED ARE INVOLVED WITH THE CORRUPTION. MAYBE HE IS JUST BEING CAUTIOUS AND THOROUGH. TIME WILL TELL SOON...HE HAS TO ACT TO BE READY FOR THE NEW RATE DURING JUNE. I DON'T THINK THE IMF WAS JOKING AROUND WHEN THE SET THE TIME FOR REFORM TO BE IN PLACE.
5-5-2016 Newshound Guru Islandg1211 Another article stated that the bank reforms were 98% complete as of a week ago. This could also imply that the banking restructure is expected to be complete in May. I hope this clarifies what different articles have stated about the IMF's scheduled work with Iraq in the month of May. There are three different topics that are being referred to: Bonds, Banking Restructure, IMF last scheduled review of the LOI steps in their six-month plan. When Frank [Guru Frank26] mentioned ...that the IMF stated that everything will be completed in May, and he implied and others are believing, that the IMF is stating that the CBI will RV in May, is not a literal interpretation of the three different IMF's statements regarding May, but his opinion, IMO. [post 2 of 2]
5-5-2016 Newshound Guru Islandg1211 The statements about the IMF "concluding everything in May," is not directly saying that the CBI will RV in May. There are three different things expected to happen in May between the IMF and the CBI. The statement is referring to concluding the agreements that started ten days ago with Jack Lew co-signing Iraq's debt and getting them a better credit rating which would allow their international bonds to be issued at a lower than 11% interest rate down to about 4%. Another reference regarding the IMF "concluding everything in May" statement is the LOI plan for the first half of 2016, which includes the IMF's review of each step of compliance. The IMF, under the terms of the LOI, has their last scheduled meeting for the end of May. The CBI may have to have that final review of their compliance to the LOI before they can RV. The article is simply saying that their LOI plan for the first half of 2016 will hold the final meeting scheduled under that plan end of May. [post 1 of 2....stay tuned]
5-4-2016 Newshound Guru wmawhite Please...drop the term "RV" when referring to the IMF...the IMF has never, ever stated the term "RV"...that is something that came from us...not Iraq, not the CBI, not the IMF.
5-4-2016 Intel Guru Frank26 IMO...the LDs are in there homes now elec. and phsy.(electronically and physically).
5-4-2016 Newshound Guru wmawhite ...think of all of the changes...that are about the banks...the banking in Iraq has changed dramatically over the past two years. If these changes had not happened, Iraq would never be able to conduct international commerce. Instead, they would have to continue on the dollar and never experience the true growth of Iraq.
5-4-2016 Intel Guru Jester SOMEWHERE IN THE PLAN AS IT STANDS NOW... THE MOVE WILL BE TAKEN TO IMPLEMENT THE THINGS THAT NEED TO BE COMPLETED TO MAKE IT GO THE WAY IT IS PLANNED... I AM TOLD I WILL KNOW WHEN THAT IS BUT I DO NOT HAVE ANYTHING SOLID RIGHT NOW...APPARENTLY THEY ARE TRYING TO GET THE PLAN IMPLEMENTED BUT THINGS CONTINUE TO ADJUST AS THEY GO ALONG... THERE ARE A LOT OF COUNTRIES INVOLVED...AND THEREFORE STILL A LOT OF MOVING PARTS.. [post 2 of 2]
5-4-2016 Intel Guru Jester NOW...THERE IS SOME INDICATIONS FROM THE PEEPS THAT HAVE BEEN GIVING ME TIME FRAMES THAT I HAVE BEEN TELLING YOU ALL ALONG THAT THERE ARE SOME THINGS HAPPENING TO BRING THIS THING TO A CLOSE...THE PLAN AS IT STANDS NOW IS UNDERWAY WITH AN OUTSIDE TIME FRAME OF LATE THIS YEAR... WE WILL SEE IF THAT COMES CLOSER... BUT I AM NOT READY TO PREDICT IT WILL EVEN THOUGH IS SEEMS THAT IS A POSSIBILITY... [post 1 of 2....stay tuned]
5-4-2016 Intel Guru Frank26 The IMF said very clearly that in the first half of 2016 they will remove the exchange rate restrictions...why would the IMF make such a bold statement...and not do it...but the evidence says you are doing it...will remove the exchange rate restrictions...that is a program rate...with 5 ministers and Article 61...once you get everything set...holy cow.
5-4-2016 Newshound Guru firefly Remember...Jack Lew doesn't go anywhere unless it involves money! And where was he last week? Iraq!!
5-4-2016 Newshound Guru OOTW Article quote: "...Sadr and his protesters will push Iraq’s political standoff a little closer to the brink, with potentially huge consequences for the country’s future...“It’s clearly a critical week in the way ahead for Iraq; no doubt about it...” IRAQ'S ISSUES GET DOWN TO A CONSTITUTIONAL CRISIS...AND IF THEY CANNOT GET ANYONE IN THE PARLIAMENT TO VOTE ON AUTHORIZING CHANGES... WELL...THE NEEDED AMENDMENTS ARE SIMPLY NOT GOING TO HAPPEN.
5-4-2016 Intel Guru Bruce Abadi made all necessary announcements about the sovereignty of Iraq and the Iraqi currency in good standing after 12 years of war. ...the release timing of the rv is still unknown...expected sometime this week, with a high expectation for this to move forward this week.
5-4-2016 Intel Guru Frank26 Abadi other than announcing his cabinet to you...he has gotten everything he wants...and I think he even has his cabinet by proxy positions...and the position of the most famous proxy position in Iraq...the only position of any real value IMO is that of the governor of the CBI...that is being held by Allak...the proxy governor of the CBI...and Abadi says...I’m in the process of removing ALL proxy positions...IMO...he is about to change the governor of the CBI...
5-4-2016 Newshound Guru wmawhite [RV during Ramadan?] ...Ramadan has nothing to do with this...they still work. RAMADAN does not kill anything...this event is not an event driven process...and why do I say this? Because they have told each of you...that this process is happening now...now!
5-4-2016 Intel Guru Frank26 So the World Bank and the BIS...IMO...gave an ok on Thursday and then a couple of days later the IMF says to the world...we are going to finish with Iraq in May...I think they are going to finish with the Monetary Reform of their currency...because they told them what to do with it in the first half of 2016... IMO...Biden came to pick up some files...and the files cover many subjects...reforms...to corruption...to arrests...the replacement ministers...a lot of things... ...on Iraqia TV they still are talking about lifting the 000’s...and adding value to their currency... interesting...because I assure you...the US and its coalition forces will not pay one penny for this war...A Monetary Reform...just like in Kuwait...will pay for this war...IMO. [post 2 of 2]
5-4-2016 Intel Guru Frank26 Yes the GOI is getting itself together...5 ministers have been appointed by PM Abadi...over Thursday, Friday, Saturday...a three day period...Abadi changed all the parties...as they started to come into Parliament he points to the ones...you...you...you are fired...arrest this one before he can leave...in the meantime...three banks, along with the CBI...which is one of them...sits and watches what is going on with the GOI... ...the Bank of International Settlements and the World Bank...IMO...this past Thursday...they looked at these three and they said...back in 2015 in January we gave you the green light to lift the value of your currency...we are giving you the ok to do it again. And then the next thing you know...within a matter of hours after that was done...who is coming...Biden...to pick up those documents...we just got… [post 1 of 2....stay tuned]
5-3-2016 Newshound Guru wmawhite The reforms that Abadi is pushing through is much more for the future of Iraq than necessarily for today...IMO, the corrupt know that the music is ending. The change in the value of the IQD...will be an effect of other things...many of the "other things" lead to Iraq entering the markets...and when Iraq does...they can not survive paying and thousand times more (1182 IQD) for every $1 of purchase internationally. Thus they must compete at their true value. IMO...the value of the IQD will change... because Iraq is doing those things financially to support a change in the IQD...to me it does not matter when because when is coming. [post 2 of 2]
5-3-2016 Newshound Guru wmawhite Iraq is in the process of returning/entering the economy market...they are doing it now...all of those former government run entities that are becoming "private" run companies is the lunch of the "private sector"...this is Iraq entering the markets. It is not an "on/off" switch...IMO...during this process...Iraq/CBI will start the payment of foreign remittances solely in the form of the IQD...and that is when we will see why we invested in the IQD. [post 1 of 2....stay tuned]
5-3-2016 Newshound Guru tlm724 Article quote: "Breathe a sigh of relief, after the fall of the former regime and the change that happened after 2003. And it emerged a new political class, we were hoping for better ones..." after their liberation from the tyranny of Saddam they all expected a better life, a new way of life...the opportunity was ripe for the picking! they still had our support and could have made their country great, given their people pride and prosperity which is probably all the people really wanted, was a better way of life...A secure GOI and country and food for their children, the chance to earn and be proud! the political parties and blocks, was not concerned with Iraq and its people. ...at this point in time I am sure they are disgusted with the whole thing and their fears are being realized, dreams of a better future must seem bleak...the GOI has ONE shot to correct their actions and I pray to God that they make the right decisions for THE people for once!
5-3-2016 Newshound Guru Islandg1211 Article quote: "An official source revealed on Tuesday that the adviser Abadi Nofal Abu Barns contact new ministers and invited them to directly Bozarathm by the performance of the
constitutional right" [if I'm understanding this correctly, the new ministers have been sworn in. Even with a "lack of quorum", under the constitution, Abadi had them sworn in. If this is the case, then we are witnessing Abadi exercising his authority. Thoughts?] Yes, I have a thought. Abadi has the power under Article 61, and he needs to "Use it or Lose it" now, IMO.
5-33-2016 Newshound Guru wmawhite this is about Iraq...Iraq entering the global markets... [seems like they need money to enter the global markets...?] No...they don't need money to enter the markets...they are currently in the markets with the USD...they want to enter with the IQD...the logic is when they enter there will be a change in the IQD. ...try to keep the issues in their separate departments...reforms are internal to Iraq...a change in the status/value in the IQD is external to Iraq. Entering the "markets", entering the "economy markets" is referring to how the financial markets outside of Iraq handles the IQD...when we see "activate the private sector"...that is exactly what we want them to do...because, the private sector needs to deal, buy, sell to the global markets in the IQD. My point is that a change in value is our #1 issue...but, getting into the markets in #1 for Iraq...and then the affect of that will be a change in value of the IQD.
5-3-2016 Newshound Guru Bondlady Article: "Former deputy holds the leaders of political blocs responsibility for the crisis in the country" imo, there all guilty in one way or another, that goes for past and present...in more ways than one, if they turned a blind eye to corruption or kept a tribal conflict going so no laws could get passed, or refusing to vote if they didn't get there way...many kinds of wrong doing, when it comes to being a leader of the people...there supposed to represent the peoples voice, supposed to be doing whats best for there people, which obviously iraqs been void of.
5-3-2016 Newshound/Intel Guru BGG Article quote: "...(Reuters) - Iraqi Prime Minister Haider al Abadi is in a strong position despite political unrest in Iraq, thanks in part to his battlefield successes and his commitment to a multi-sectarian state, U.S. Defense Secretary Ash Carter said on Monday." Yes he is... yes he is - indeed!! [Was there ever any doubt?] not in my mind.
5-3-2016 Newshound Guru firefly It is no coincidence the IMF said what they did. The IMF said Iraq WILL enter the global Markets in the 1st half of 2016. It is happening before your eyes...Confidence should be growing by the minute now!
5-3-2016 Intel/Newshound Guru Backdoc THE MASSIVE INCREASE IN IRANS RESERVES SHOULD MAKE THE WORLD TAKE SERIOUS NOTICE. ...WE WILL FAIRLY QUICKLY SEE CURRENCIES OF COMPATIBILITY WITH THE TWO SHIA BROTHERS [IRAN AND IRAQ]. I BELIEVE THE TIMING WE AWAIT IS WHAT IS BEING NEGOTIATED WITH IRAN AS FAR AS THEIR USE OF THE DOLLAR AND ITS SWIFT PAYMENT SYSTEM. REMEMBER "THE DEAL"? RIGHT! THE TWO BROTHERS [IRAN AND IRAQ] WILL GO TOGETHER. BOTH NEED TO BE READY. THE FIRST DAY TO LOOK AT WILL BE WEDNESDAY WHEN IRAQ OPENS ITS MARKETS AGAIN. ITS AN OPPORTUNITY TO GO INTERNATIONAL. WILL THEY?
5-3-2016 Newshound/Intel Guru BGG It's not all that bad...how easy did we think it would be getting rid of the corrupt politicians? I am a little suspicious Abadi needed something like this to force early elections. It plays right into his hand. Maliki's thrust to unseat him wasn't successful...now Abadi has some pretty broad support for REAL reforms...real reforms mean - REAL PROGRESS. [Do you...think that all the chaos in Iraq will slowdown the reform?] the chaos IS THE REFORM...without it - there is NO REFORM...we're sitting here watching it happen.
5-3-2016 Newshound Guru Islandg1211 Abadi and Sadr "coordinated" the protest on Saturday. Abadi got his State of Emergency declared, and had his meeting with the three presidencies which gave him the mandate to take control. With a created chaos, citizens crying out for change, a solution for Abadi to take sole control will be viewed as the answer.
5-2-2016 Newshound Guru Aggiedad77 [Are we thinking they have missed their good window? Thursday to today? Are we looking at next month?] No I don't think so...No perhaps the window is open a bit wider today because of what happened this weekend...
5-2-2016 Newshound Guru tlar Abadi is in a hard place. He is trying to maintain order, avoid a civil war and reshape the government by removing the corruption from the system. This weekend we hope to see the fruits of Abadi's patience as they attempt to complete the change over of government. If they can do this they need immediately to go after the Judicial branch and clean it up. We all know this is a make or break it opportunity. If they can get the new government installed, the rest will begin to fall into place fairly quickly.
5-2-2016 Newshound Guru mike Article: "Ebadi presides over a meeting of those involved in the electricity file from the ministries of electricity, oil and finance" This is going to be a short meeting about a long term problem. The electricity issue will take time to correct...they need to double electrical production just to keep up with existing demand. That's a tall order. For me, this is just another empty gesture to placate the mob, I just don't think it's enough. Focus on the cabinet and get it done as soon as possible. Electricity, clean water, sewage and all the rest will fall into place once (hopefully) the new ministers are seated and the proxies gone. Corruption is killing is these guys, nothing meaningful can happen without political change...IMO.
5-2-2016 Newshound Guru Islandg1211 We are seeing gains in the fight against ISIS in Iraq. Their money has been hit. Their IED stockpile, their leaders, their snipers are targeted, and the areas they once held are being liberated. Many different troops are fighting under one Army...Step by step there is progress on the ground.
5-2-2016 Intel/Newshound Guru tman23 ...APRIL SHOWERS BRING MAY FLOWERS... AND THAT IS THE BEST EXPLANATION I HAVE...NOW SIT BACK AND WAIT FOR THEM TO BLOOM...
5-2-2016 Newshound Guru tlm724 In addition, the price of oil has become the main engine to display the Iraqi currency. When the price of oil rises, it will be the Ministry of Finance more dollars to be transferred to the Iraqi dinar with the central bank. If the exchange rate stable and has not changed, the more Iraqi dinars must be provided for the purchase of which will lead to increased supply cash. Conversely, a fall in oil prices would have the opposite effect. (post 2 of 2)
5-2-2016 Newshound Guru tlm724 In Iraq, the most effective means to control the money supply is through the exchange rate control, because the money mainly arise from the conversion of the Central Bank of dollars of state oil exports to the local currency. If the central bank raised the Iraqi dinar against the US dollar, it will add an additional dinars per dollar purchased from the government. If the exchange rate has reduced the money supply growth rate will slow down. Since the stability of the exchange rate is one of the main objectives of the Central Bank of Iraq, the use of the exchange rate for macroeconomic management was limited. (post 1 of 2....stay tuned)
5-2-2016 Intel/Newshound Guru tman23 Saying government does not play a role in exchange rate doesn't make it so... CBI is independent no doubt and there role is to maintain currency stability through the market...inflation... employment ...etc...The GOI plays a role in all these matters..
5-2-2016 Newshound Guru Islandg1211 We have had a lot of news these past ten days, including: Jack Lew co-signed Iraq's debt. Banking Reforms were 98% complete. Progress fighting ISIS. Abadi's five out of ten Ministers replaced. Arrests. Jack Lew, Ash Carter, and Biden had meetings in Baghdad. Government extended this holiday weekend. Plan is needed for who will get credit for Mosul. Protest against the GOI, supporting Abadi. State of Emergency declared. Three presidents met and gave Abadi sole authority today. And Oil prices are in the mid $40s. We have had Intel from Frank(26) that the BIS has approved the RV on April 28. Now, combine both the news and the Intel.
5-2-2016 Newshound Guru Millionday Article quote: "...met the three presidencies, on Sunday, in the home of President Fuad Masum..." TONIGHT [SUNDAY] THE THREE PRESIDENTS HAD AN EMERGENCY MEETING AND ALSO ALL HEADS OF PARTIES WERE THERE AS WELL --- THEY STATE THAT IT IS ABOUT THE STORMING OF THE GREEN ZONE --- HOWEVER THAT WAS FED UP CITIZENS WAITING ON THE REFORMS AND ACTION AND HAD BEEN RESOLVED --- SECURITY TOOK CARE OF IT. LOVE TO HAVE BEEN A FLY ON THAT WALL AT THE MEETINGS --- WOW --- ARAB STOCK MARKETS AND THEN THREE PRESIDENTS AND OFFICIALS --- AND ISO --- LOVE IT ALL.
5-2-2016 Intel/Newshound Guru Poppy3 I BEEN TELLING YA'LL FOR MONTHS EVEN YEARS THEIR NEWS MEDIA AND OURS ARE IN THE BUSINESS OF THEIR OWN AGENDA AND RATHER TWIST THE NEWS TO THEIR POINT OF VIEW OR AGENDA TO MAKE NEWS NOT REPORT NEWS. WATCH THE ACTIONS AND THAT WILL SHOW THE FACTUAL HAPPENINGS. WE WANT THE PEOPLE OF IRAQ TO GET THE THINGS THEY WANT AND NEED FROM THEIR GOI. WHEN THEY DO WE WILL HAVE WHAT WE WANT.
5-2-2016 Newshound Guru Islandg1211 Frank [Guru Frank26] is...saying that in his opinion he has more than enough data to conclude the CBI is going to raise the rate of their currency. He is stating that he believes there is finally going to be stability in the GOI. Making ISIS extinct, getting a stable government, replacing the CBI Governor, raising the rate, will finally allow this rich in resources nation take off in 3,2,1.
5-2-2016 Intel/Newshound Guru tman23 There will be no Parliament Tuesday... That is cancelled... They will be meeting IMO in Najaf which was designated as the emergency set up for the GOI...The roads have been worked on with fence...and high security for the past 4 weeks... We will see how this plays out...But the announcement will come from Najaf...
5-1-2016 Intel/Newshound Guru Poppy3 I TOLD EVERYONE...THEY NEVER NEVER NEVER FINISH ANYTHING IN ADVANCE OR ON TIME. JUNE NEXT WINDOW...THEY ARE DOING ALL THEY CAN TO PREPARE FOR. HOPING THEY CAN PULL THINGS TOGETHER BY THE DEADLINE IMF SET FOR THEM. JUNE ISN'T FAR FROM HERE.
5-1-2016 Newshound Guru rcookie LACK OF QUORUM, WAS OFFICIAL REASON GIVEN TO POSTPONING CABINET RESHUFFLE VOTE TO TUESDAY...
5-1-2016 Newshound Guru Aggiedad77 ...remember Frank(26) saying "all hell will break loose"...well the confusion was..IMO...nothing but a ruse...Abadi let them into the GZ...Perhaps this is his reasoning for the implementation of Article 61...for then I believe he would be in control and there probably wouldn't need to be a vote...he knows he's got the backing of Masum, the Holy Men, and the US...he just needed to get to a point...IMO... where he felt comfortable pushing this forward...or his handlers...US...put the leverage in the right place to make it happen...I see nothing but good coming from this... maybe not today...or tomorrow but in the coming days...all IMO...I think it's time to BE HAPPY...
5-1-2016 Newshound Guru Islandg1211 This has been my only time frame that I personally focused on. I felt that April 2016 was the "targeted" window for the Monetary Reform. When Jack Lew co-signed for Iraq's debt last week, I was very encouraged, feeling that the date and rate had been set. What is Shaibi's plan? "The conditions need to be right" according to Shabibi's plan, including security, stability, and possibly Maliki arrested. With all the Monetary Reforms that have been done, plus the foreseeable security against ISIS, the remaining issue is stability within the GOI. We know Abadi has half his Ministers replaced. Yesterday, he declared a State of Emergency. Today, he had the three presidencies back him up presumably doing it legally under Article 61 of the Constitution. The ball is in your court Abadi. You have two more days of government Holiday. Today, you curtailed any more possible protesting inside the Parliament. We just have to see what Abadi does next.
5-1-2016 Newshound Guru mike Article quote: "Kurdistan blocs condemned in the House of representatives on Sunday, storming of Parliament by protesters and "assault" on the House of representatives..." ...The Kurd's may condemn yesterday's actions but they're just as much to blame as any other member of Parliament, they've done everything they can to hamper progress... ...Abadi has failed, miserably, again. He is the commander in chief of Iraq and he has proven he's incapable of defending his country, even from themselves. I can't even imagine what his next step is, how is he and the country going to recover from the embarrassment and failure to protect the seat of the legislative branch and it's members? Hopefully it's with force, both with the protesters and those who are continuing to impede progress. Get Parliament back into the building and lock the doors until a solution is reached, the time for delays have long passed. It's just an opinion, but the time for action is now...
5-1-2016 Newshound Guru Mountainman Article quote: "Hold a meeting of the three presidencies Prime Minister Haider al-Abadi full responsibility for the entry of demonstrators took to the Green Square and the storming of the parliament building...As it demanded by using his constitutional authority to protect the prestige of the state and its institutions." After Yesterdays PLANNED CHAOS it sure Is A IMPORTANT {MAY DAY} for IRAQ and it's CITIZENS...a Much MORE [Inclusive] and POSITIVE Outlook TODAY and on their FUTURE...The CONFIDENCE ABADI is Speaking w/is Very Encouraging.
5-1-2016 Newshound/Intel Guru BGG [your impression of today's events?] Probably the best true News Day in a long time...has been running on the Fox news ticker all day long [Saturday]...and since most of us hold their currency - BIG DAY. Very exciting - we think it is "business as usual"...except...it has been running on every channel - all day long since 6 AM [Saturday]...FOX has run this on their ticker over and over and over and over... ...protests are about Sadr wanting reforms - Abadi wants reforms - this is good for him in the long run...this plays DIRECTLY into his political "wheel house"...he's GOBBLING up the int'l attention...Sadr is NOT THE CATALYST...but he is helping get things moved on down the road... [In light of these last couple of days, do you think Abadi will go ahead and call for early elections and replace people by proxi or will he still try and do things through parliament?] looks more and more like - maybe...that only puts Abadi in HYPERDRIVE...good for us. [...this didn't slow things or mess up timing?] when in a "HIGH PROFIT INVESTMENT" - turmoil is ALWAYS GOOD...Turmoil is the catalyst for upward movement... [Any clue as to WHEN?] the IMF already told you when.
5-1-2016 Newshound Guru Islandg1211 This OK Corral situation prompted the shutdowns and troops, and may be setting up Abadi to declare a state of emergency which would give him the Constitutional right to act as he sees fit. He could appoint the rest of his cabinet. With the troops in Baghdad, making more arrests, namely Maliki's safer. Let's be patient this weekend and see how things unfold.
5-1-2016 Newshound Guru OOTW News: "Baghdad In State of Emergency After Supporters of al Sadr Storm Green Zone www.nbcnews.com/storyline..." so now fox and msnbc are reporting this finally... FOX NEWS IS SHOWING FOOTAGE WITH HUNDREDS OF IRAQI'S PROTESTING IN BAGHDAD – MOST REPORTS ARE STATING THAT THE PROTESTS HAVE BEEN PEACEFUL, WHILE OTHER REPORTS STATE THAT THE PEOPLE ARE SEEKING OUT GOVERNMENT MEMBERS, WHO ARE STILL SEEKING REFUGE INSIDE GOVT BUILDINGS.
4-30-2016 Newshound Guru tlar The corrupt must be removed from government first before we will see any action against Maliki. All the while Maliki will be fighting to stop the change. The process is gaining momentum though and I hope the new government of technocrats will be seated next week. Once that is done it will be easier to pick of the corrupt one at a time...Maliki's protective brick wall should start to unravel one brick at a time. This freight train is at full speed and change is almost there. ...I am sure we are close.
4-30-2016 Newshound Guru mike Article quote: "Iraqi Parliament Speaker Salim al-Jubouri lift the parliamentary sessions until next week, said Dr. Jubouri Before adjourning the meeting, at the time we were waiting for the completion of the ministerial reforms we promised our dear people pack, where he was expected arrival of the Prime Minister to ask the rest of the candidates names of ministers, it was unfortunate not to get a quorum of the Council of the regular parliamentary session..." Today didn't quite work out like I was hoping, but on the bright side, at least they didn't burn down the Green Zone. ...what a mess.
4-30-2016 Intel Guru Frank26 Yes there are Proxy Positions...BUT IMO the only PROXY that is HOT with A [Abadi] is...THE PROXY POSITION OF ALLACK!. And A [Abadi] is about to REPLACE all PROXY POSITIONS...Because the STABLE CONDITIONS are back... [This gives way to Dr S [Shabibi] making his speech and Maliki is gone...?] IMO...Yes. [LET THE-FIREWORKS BEGIN!] IMO...IOO...Soon.
4-30-2016 Intel/Newshound Guru Poppy3 THEIR GOV ISSUES DON'T CONCERN ME AT ALL. I AM ONLY INTERESTED IN THE ACTIONS OF DETAILS THAT ACTUALLY EFFECT MY DINAR INVESTMENT. ...THE REAL EXPECTANT TIME FOR REAL POSSIBLE CHANGE OF A NEW RATE WILL NOT HAPPEN TILL CLOSER TO THE BEGINNING OF JUNE... THE IMF HAS STATED NUMEROUS TIMES THEY WILL COMPLETE REFORM AND ENTER GLOBAL MARKET BY JUNE 2016 AND IRAQ HAS NEVER NEVER NEVER DONE ANYTHING BEFORE THE LAST MINUTE...ITS HAPPENING. JUST RELAX...
4-30-2016 Intel Guru SteveI I...called a few people I know...Here is what I have been told. They are close to controlling Mosul, that is why the US sent 200 Marines to help rap thing up. VP Biden also went over there to help the PM straighten out his cabinet mess. No one was getting along so he cleaned house and now bringing in new people. This should be done in a short amount of time. So between Mosul and the cabinet, once those two tasks have been completed, you should see some major changes quickly. And the other good thing, I just got off the phone with [Guru] Ray, and one of his contacts at the bank is still ready and waiting for the currency to change. Nothing negative has changed so to me that was huge news.
4-30-2016 Newshound Guru firefly "Press release: The Basel Committee on Banking Supervision today released a consultative document entitled Revisions to the Basel III leverage ratio framework..." ...this is HUGE... [...now the BIS has given them their blessing things should move forward rather quickly now...] NOTHING can happen without the Bank Of International Settlement's approval...Not even the IMF.
4-30-2016 Newshound Guru Aggiedad77 [Found this a little curious...they are basically saying fees are being imposed to pay for the new LD's...which will be out soon...IMO...thoughts?] Interesting find indeed...my thoughts are this should get Frank [Guru Frank26] a bit excited...why...the source of the information...the Rasheed Bank...one of the three...the big three...plus they do appear to...mention...LD's [Lower Denoms]... to me...IMO...the 4% commission is a non-issue....just the fact that they are talking in this direction is a GREAT indicator...IMO.
4-29-2016 Newshound Guru Islandg1211 Tomorrow is going to Big with Blessings!! ...Because last Fall the PTB became committed to Iraq...IMO. US military was sent back to deal with ISIS and liberate Mosul, Fallujah, Ramadi, Tikrit, Anbar region. Liberation is Here! It is Now. IMF and the CBI made a plan for Iraq's Monetary Reform in November. It's Done. IMO it was targeted for yesterday, and coordinated with Jack Lew last week. It was picked up by Biden, signed off by the BIS (according to Frank), yesterday, given to the IMF, waiting for the CBI's big reveal, and the UST release of the rate. Tomorrow, we will see Abadi's remaining Ministers voted in. Tomorrow, we very well could see more arrests including Maliki. Good Bye Allak and Maliki and Hello Shabibi's RV. Gold and Oil have been loosened from the USD and PTB to allow their respective prices to increase to a targeted range (IMO.) Yes, Virginia, there really was a Date and a Rate. It's called a plan.
4-29-2016 Newshound Guru rcookie [...with all the progress we have seen I am very happy...smile...] OIL IS UP...INFLATION IN CHECK..."NON OIL REVENUE" GOALS BEING MET...LOANS PROCURED...BOND PROGRAMS SOLD OUT AT MAX...EURO BOND PROGRAM LAUNCHING IN JUNE (AS PER 2016 BUDGET)...RECONSTRUCTION LOANS (ALSO FROM BUDGET)...IDB (ISLAMIC DEVELOPMENT BANK)...JICA (JAPAN)...CHINA...US...AND EVEN THIS MORNINGS NEWS OF GDB (GERMAN DEVELOPMENT BANK)...97% COMPLETION OF RECONSTRUCTION & PRIVATIZATION OF SOB ( A COMPLEX WB PROJECT ONGOING SINCE 2006) ALONG WITH MASSIVE PROGRESS IN THE OTHER 192 SOE'S...OIL LICENSE CONTRACTS UNDER AUDIT...SUPERLATIVE PERFORMANCE IN IMF STAFF MONITORED PROGRAM...AND PREPARATION FOR SBA AND ACCEPTANCE OF ARTICLE VIII OBLIGATIONS....
4-29-2016 Newshound/Intel Guru BGG Article quote: "After the completion of the ministries are going to change the grades, and private bodies, and positions by proxy," they are saying that once they deal with these Ministries on Saturday - they are going to look into the other Ministries - particularly those "by Proxy" - (THE CBI)...
4-29-2016 Newshound Guru wmawhite Article quote: "Euphrates News visited by US Vice President Joe Biden on Thursday Baghdad and met with Prime Minister Haider al-Abadi, as discussed with him political developments and security, and economic." this is a fact...the leg work with putting together a "deal" whether political or financial is acccomplished by the worker bees...the deputies, staff members. You only bring out the big guns to seal the deal/agreement. IMO...this is significant. VP Biden is not just stopping by to take in the sights.
4-29-2016 Intel/Newshound Guru Poppy3 GOSH HAD NEWS ALL DAY...THIS IS FURTHER CONFIRMATION THEY ARE LINING UP TO COMPLETE REFORM ON TIME AND THAT TIME ACCORDING TO THE IMF IS IN THE FIRST HALF OF 2016 WHICH IS BETWEEN NOW AND THE VERY END OF JUNE...REPORTS FROM GOOD SOURCES ARE TELLING ME THEIR HASN'T BEEN ANY MESSAGE OF ANY DATES FOR CHANGE AFTER OUR INDEPENDENCE DAY. IF THIS AND THE HUGE AMOUNT OF NEWS DON'T HAVE YOUR FIRE BURNING WITH EXCITEMENT FRIEND YOUR WOOD IS WET. R U READY?
4-29-2016 Newshound Guru Islandg1211 Interesting that today we see a published picture of VP Biden shaking PM Abadi's hand. Us old timers will well remember when the VP didn't even leave the Baghdad airport. We've come a long way since those days. IMO this photo op, and the timing of it, is very positive, indicting the full support the US is giving Abadi, and Iraq's PM accepting the US support. VP, Sec of Defense, and Sec of Treasury all in Baghdad. This is so historical. "I'm so excited! And I just can't hide it!"
4-29-2016 Newshound Guru Aggiedad77 I'm liking your summation of news and events today...to the point..it paints an exciting picture for us to take into the upcoming weekend...exciting times no doubt. [reference Islandg1211 post 4-29-16...articles 1 - 10 below]
4-29-2016 Newshound Guru Mountainman Article: "Iraq “one of the Biggest Investment Opportunities" Quote: "This economic reform cannot take place without developing the country’s private sector, because that in turn will help bring about stability and prosperity. “Despite all the challenges, Iraq offers one of the greatest investment opportunities in the region". AWESOME...MAY DAY...MAY DAY...ANYONE...???...ARTICLE (8)...How can You {TAP} the International Market? Unless ONE is INTERNATIONAL...??? IMO.
4-29-2016 Newshound Guru Islandg1211 Today, we see articles on: 1) LAWS: (Amnesty) scheduled to get done 2) MINISTERS: Abadi's remaining Ministers expected to get voted in. 3) SHIITE PARTY SHAKE-UP: Political Party Departure by Abadi: Abadi looking to re-shuffle the political parties 4) MALIKI INVESTIGATION FILE OPENED: Abadi possibilty preparing to open up the investigation of Maliki's plant in the fall of Mosul 5) ARRESTS: Arrests for some involved with the withdrawal of troops when ISIS invaded Mosul. 6) US VICE PRESIDENT: VP Bidon making an unannounced visit, meeting with Abadi and having a photo op today. 7) US SEC of TREASURY: Jack Lew in Baghdad. 8) US SEC of DEFENSE: Ash Carter in Baghdad 9) CLOSURE: Government is shutting down Tuesday.
4-29-2016 Newshound Guru wmawhite "The United Kingdom’s Ambassador to Baghdad has said Iraq has the potential to become an economic force in the region, and encouraged British businesses to take advantage of the opportunities it presents." now I must ask...how can UK's businesses take advantage of the opportunities in Iraq UNLESS the GBP can move freely into and out of Iraq...as with the requirements of IMF Article 8? Folks... remember...we can not argue about the facts...FACT: United Kingdom businesses are being encouraged to get into Iraq now!
4-29-2016 Newshound Guru Aggiedad77 [Frank26: Team is at “Code Red” and have been for awhile.] we await the sandstorm of all sandstorms that will leave them with a new image....the corrupt shall be pushed aside and scrubbed from where they have stood for too many years...in will walk the fresh new representation for Iraq...
4-29-2016 Newshound Guru rcookie REPORTS SAY SATURDAY...ABADI DEMANDING ALL MPS REPORT TO COUNCIL TO COMPLETE CABINET RESHUFFLE...
4-29-2016 Newshound Guru BGG ...the back and forth in Parliament over the last couple of weeks was mostly generated by Maliki...it looks like they will get the rest of the Abadi GOI voted in soon...once this happens, it effectively closes the door on Maliki's immunity.
4-29-2016 Newshound Guru rcookie Article quote: "...Close to him: Abadi, will resign from his party...for the latter to inform them that he is thinking to resign from the Dawa Party, which is headed by Nuri al-Maliki..." SO...ABADI THINKING OF RESIGNING FROM DAWA PARTY...BECAUSE AFTER COMPLETING CABINET RESHUFFLE...HE IS OPENING MALIKI CORRUPTION FILES!...THERE YOU GO! SO HE IS DISTANCING HIMSELF FROM THE MALIKI STENCH! HE HAS ALWAYS BEEN SERIOUS ABOUT HIS JOB...THE REFORMS AND CHANGES HAVE BEEN HISTORICAL...IT IS ABOUT CLIMATE...ENVIRONMENT AND TIMING...IMO...WE ARE WITNESSING HISTORY...HE WILL GO DOWN AS ONE OF THE GREATEST STATESMAN AND REFORMISTS WHO CHANGED THE CULTURE OF A NATION...
4-29-2016 Newshound Guru mike From CBI - "(Depositing RTGS) Given the performance of Imam Moussa Kazem visit decrees (p). Your deposits will be window sale of foreign currency for the days 11,10,9,8 may/2016 Wednesday and Thursday 5,4 may , respectively." This is another great move. In the past when someone deposited funds in an Iraqi bank for wire transfer, the funds would remain for five to ten days and then the receiving bank would get the funds. It slowed down business transactions and helped create the money trading companies. Once this is in place it will all but eliminate the MTC's [Money Transfer Companies] who were profiting off the dysfunction of the private banks. All future deposits and transfers will happen in real time, no more lengthy delays. Step by step, Iraq is moving forward with measures to join the international banking community.
4-28-2016 Newshound Guru rcookie SO WITH REPORTS ON MONDAY OF IRAQ FULFILLING WHEAT PRODUCTION THAT SATISFIES INTERNAL NEEDS...AND NOW EXPORTING...HERE A PRIVATE SECTOR AGRICULTURAL PROJECT IN BABYLON THAT WILL BE THE LARGEST VEGETABLE OIL PRODUCTION IN THE WORLD...IN THE WORLD! AGAIN...ANOTHER SOE SECTOR RESTRUCTURED AND PRIVATIZED IN TRANSITION TO OPEN MARKET PRIVATE SECTOR ECONOMY...EVERYONE SEE THIS HAPPENING ON A DAILY BASIS...RIGHT IN FRONT OF OUR EYES...
4-28-2016 Newshound Guru Mountainman ...NOW We SEE the EFFECTS of The ECONOMIES GLOBALLY MELTING...w/ the {CHANGES} that Are RIGHT in {FRONT} of Our VERY EYES...and NOW is The TIME for NEW LIFE and the RIPENING of FRUIT for VIETNAM, IRAQ, IRAN, and Others...and Some Will Go UP in those MELTING WATERS of LIQUIDITY...Some Will Go DOWN in VOLUME...IMO.
4-28-2016 Newshound Guru mike ...Once they move to Article VIII they can get off the roller coaster and move the country forward. ...Iraq has already submitted a memo to the IMF stating they expect reserves to be around $43 billion by the end of 2016, if they make a move quickly, the figure could be better than they anticipate.
4-28-2016 Newshound Guru wmawhite When the IMF made the statement to the world during October 2015 that Iraq "will"...not thinking about it...or might get around to it...instead, will enter the economy market during the 1st half of next year (2016)...there was no way that the IMF never thought that ISIL would be gone from Iraq. No way. Therefore, we can conclude that the elimination of ISIL from Iraq is not a concern of the IMF in order for Iraq to enter the economy market this year.
4-28-2016 Newshound Guru rcookie Article: "Mafraji: Abadi Saturday to attend the Parliament to provide the remaining ministerial his booth" SO...ABADI WILL BE AT SATURDAYS SESSION TO ANNOUNCE REMAINING CABINET POSITIONS...
4-28-2016 Intel/Newshound Guru Poppy3 budget based on $45.00 oil and spending budget based on $2.93 to usd...last figures released last year...don't think anything different has been published. time will tell and we should know for sure over the next 60 days...
4-28-2016 Newshound Guru Islandg1211 The PTB have so much ownership, influence, and control over Iraq's oil, the IMF, BIS, CBI, and US, that, IMO until you see their commitment the RV wasn't going to happen. Christine LaGuarde has been talking about "Coordination" among nations, a keyword... I also looked at April as the highest probability of the month the RV would happen, based on their history. The question was then, for me, what year? I ruled out 2015 and began looking at April 2016, then looked at the end of the month, then looked for a long weekend and I favored a Thursday. That was my thinking last year. When the IMF had the letter of intent and the US military went back in, I was very encouraged. But, when Jack Lew signed for the bonds and loans last week, and we see the restructured banks done, things look Very good. The CBI has a LOI with the IMF and has checked off the requirements. Jack Lew is signing off on things. What more could we want? [post 2 of 2]
4-28-2016 Newshound Guru Islandg1211 Ten months ago I told my daughter to look at 1:00 - 3:00AM Thursday April 28th... Last year in March, Abadi came to the US and met with the IMF, news reports and "gurus" stated that the IMF gave the CBI the "Green Light". I did not agree with how these meetings were being interpreted. IMO, Iraq was told "GET YOUR ACT TOGETHER!" ...IMO the RV was not going to happen last May, I posted last summer that it wasn't "here we go" but "here we go again," posted again in Nov that the RV wasn't happening, and again in January that I was looking at April. So my opinion didn't just happen today. Although, I agreed with the premise that the CBI had the autonomy to RV their currency, meaning they had the "Green Light," last year, they had no external push to do it. [post 1 of 2....stay tuned]
4-28-2016 Newshound Guru Mountainman Articles: "Urgent .. US Vice President Joseph Biden arrives in Baghdad on unannounced visit " "Biden Arrives in Iraq to Try to Help Settle Political Crisis" WHY NOW...???...Unannounced PUBLICLY...but NOT {PRIVATELY} to those WHO are in the "KNOW"...IMO
4-28-2016 Newshound Guru firefly Central Banks around the world have already started making adjustments. This is not intel! Something happened for 3 hours on the 19th. [ (Guru) BGG put out that...for 3 hrs they raised the rate to 8.5 cents.] That is absolutely correct. Be happy you are watching history in the making. Most people have no idea what is happening. Hang on folks, we are oh so close.
4-28-2016 Newshound Guru rcookie THEY NEED THE HIGHEST QUALIFIED AND SKILL SETS TO COMPETE IN THIS ARENA...MODERN ELECTRONIC CARDS...NETWORKS & PAYMENT SYSTEMS... IF YOU ARE NOT SEEING THE MIGRATION FROM PUBLIC TO PRIVATE SECTOR AND OPEN MARKET ECONOMY...THEY ARE REALIZING THEY WILL BE IN COMPETITION WITH THE REGION AND THE WORLD...AND HAVE DONE THEIR DUE DILIGENCE AND READY TO HANG THE OPEN FOR BUSINESS SIGN UP... [this can be described as >>>"entering the economy markets..."] YES SIR...HAS BEEN...AND IS HAPPENING...IT IS NOT EVENT SPECIFIC...
4-28-2016 Newshound Guru Mountainman Very SIGNIFICANT Events have ALREADY TRANSPIRED...So We WATCH, WAIT, and SEE...(8) = New Beginnings...I Like the FACT that the IMF calls International Status "ARTICLE(8)"...INDEED.
4-28-2016 Newshound Guru Islandg1211 ...one indicator that needs to be closely watched is Iran's inflation rate, because it could imply the possibility of Iraq entering into the international world prior to Iran. Going back and actually listening to Shabibi's plan for Iraq's monetary reform, lowering inflation is absolutely a requirement prior to deleting the three zeroes. Looking solely at inflation rates, Iraq is ready to delete the three zeroes now...IMO...Iraq's targeted RV timeframe was/is April 2016, based on historical RV preference by the IMF, and the world's powers including the US military, IMF, and World Bank stepping last Fall and fully committing to Iraq. This full scale commitment to return to Iraq includes the plan to RV...IMO, Jack Lew knew the date and rate of Iraq's RV when he co-signed the IMF's loans and bond deal with Iraq last week. He will release the rate.
4-28-2016 Newshound Guru tlm724 Article quote: "...Prime Minister Haider al - Abadi will provide the remainder of the ministerial cabin in on Saturday." good lets get it done and move on to the step in the reforms !
4-28-2016 Newshound Guru Bondlady ...more and more were seeing people go to prison for bribes or stealing the money, people with titles and professionals and yes politicians too...we should start to see a whole lot more and very soon too, as Iraq tries to show its people and the world....changed behaviors... to make not only the people but also the world know, theres a new Iraq, who u can trust to invest in and all your banking needs met and protected...
4-28-2016 Newshound Guru rcookie Article quote: "Declared the Iraqi Council of Representatives, on Tuesday, Prime Minister Haider al-Abadi pledged the rest of the cabinet reshuffle during the next two days, noting that al-Abadi confirmed his intention to choose the heads of independent bodies of technocrats after the completion of the reshuffle." SO...REST OF CABINET BY THURSDAY SESSION.
4-28-2016 Newshound Guru firefly Article: "Trade: the formation of committees to distribute the benefits of peasants and farmers urgently" Agriculture ...In line with IMF recommendations or should I say..."Instructions". IMF told Iraq they cannot rely on just oil, THEY NEED TO DIVERSIFY their resources...BINGO !
4-28-2016 Newshound Guru Kaperoni Article: "The direction of monetary policy in Iraq under the real-time variables" Time is running out on Iraq to turn the economic conditions around.
Read more: http://www.dinarguru.com/#ixzz47VB6DugY
4-27-2016 Newshound Guru firefly Folks, this thing is going to happen regardless of a reshuffle, regardless of Maliki so forth and so on. The monetary reform has nothing to do with it.
4-27-2016 Newshound Guru OOTW SHAHRISTANI HAS BEEN VOTED OUT SO THAT'S GREAT. MALIKI, I'M SURE, IS STEAMING RIGHT NOW THAT HIS PAID, CORRUPT MP-THUGS ARE BEING IGNORED.
4-27-2016 Newshound Guru chattels Still remain to be voted on: Foreign, Finance, Oil, Justice, Education, Transport, Communications, Youth, Industry, Housing, and Planning. Likely hard decisions to come on powerful ministries like oil, finance, and foreign. Session adjourned to Thursday. More voting on ministers expected then. Iraq's Oil Minister, Adil Abd al-Mahdi, says he insists on resigning, even though PM Abadi wants him to stay. [post 2 of 2]
4-27-2016 Newshound Guru chattels Summarizing today from various reporters: After a chaotic start to Parliament today, Abadi dodged water bottles as he removed himself to other chambers, Constitutional Hall, followed by some 181 MP's, absent the rebels, to whom he presented a list of new ministers. Six were affirmed by vote of the " legitimate " parliament and outside the presence of the sitting protesting MP's in parliament. They were Hasan Janabi - Water, Wafa Mahdawi - Labour, Alaa Ghani - Health, Alaa Dishr - Electricity, Abdulrazaq al-Eisa - Higher Ed and Akeel Mahdi - Culture. Shahristani was ousted. [post 1 of 2....stay tuned]
4-27-2016 Intel Guru Frank26 Well I...like that the world pricing on oil is starting to go up between $44 - 45 and this is exactly when I-TEAM told us it would start to happen...the Monetary Reform is going to be launched with some loans that are being given to Iraq...but the revaluation of the currency entering Article 8 is to explode the reforms futuristically...they need a little grand opening money...but once they raise the value...goodness…they will be able to pay a lot of their debt...wipe out a lot of their debt.
4-27-2016 Newshound Guru firefly Article quote: "...the authorities’ commitment to press ahead with the restructuring of Rasheed and Rafidain banks." ...commitment to press ahead with the restructuring of Rasheed and Rafidain banks. ...one report from the WB in 2013, another from the IMF in 2015... There it is again...2 yrs later! And now the restructuring is 97% complete? ...the plan has NOT changed! WOW, WOW, WOW. Folks you may not realize how close we are to completion. We don't have a date but IMO everything needed is ready to move to Article VIII.
4-27-2016 Newshound Guru Adam Montana Articles: "Parliament succeeded to exceed its divisions and vote on the five ministers technocrats." "Parliament will vote approves five ministers and Abadi undertakes to provide the remaining of the cabinet reshuffle during the next two days {expanded}." "Abadi al-Jubouri asked to arrest the House of Representatives of the protesters." And at that point, session was pretty much over, with the hopes that we will see more action today or tomorrow. What's this mean to all of us? It means we are on TRACK! We are MOVING, BABY! Finally... the lull is over. We're seeing some positive, EFFECTIVE, action from the GOI. This shake-up may not mean "RV Tomorrow", but then again... it might be close to that. THIS is the kind of action we've been waiting on, and it's happening. I'm stoked!
4-27-2016 Newshound Guru Adam Montana ...last week....I mentioned that we could be at the cusp of some amazing ACTION from Iraq. We wanted to see it happen before the weekend, but it was relatively quiet last week after that major announcement. One could easily think that once again, Iraq decided to talk, but not act. Yesterday, that idea was thrown out the window. Yesterday, stuff started happening...it was an action packed morning. Something we are NOT used to seeing out of Iraq, and it makes me VERY happy to have been witness to this! There was protesting, rioting, and all kinds of disturbance. Yet they persevered... in spite of the obstructions, they actually put names out there. THEY ACTUALLY DID SOMETHING! [post 1 of 2....stay tuned]
4-27-2016 Newshound Guru firefly [...do you ascribe to the theory that Dinar is a lynch pin for a larger GCR [Global Currency Reset] or is that the imaginings of creative economists' daydreams?] I have heard that and know people that are convinced...We are seeing evidence of it in front of our eyes. Just watch what the Central Banks are doing. Watch what the Fed is doing...Many don't get that Central Banks are a private company and are NOT controlled by any government...in fact it is the governments that ask the Central Banks for rate hikes etc. [your right but I feel the cbi would like to see that they have a stable government in place before revaluing the currency.] yes, that is what many believe. I don't subscribe to that theory.
4-27-2016 Intel Guru Delta [I know you thought 40 cents might be the best way to start, but that was about 2 years ago...in your opinion what are we looking at right now...what are you thinking?] I’m thinking that based on the detail that Iraq is going through, they are trying to get rid of the dollars...logic says a dollar or slightly higher...we all remember a study that was published a while back, it had many good points and stated when they go international they should be around 1.13 and then after maybe three years they should get back to the 3.22 range…they know what is best for them...they know what they need to do...I’m thinking they should come up at no less than 1 to 1...remember they want to get rid of the dollar it is dominate in Iraq…from two years ago their plans have changed so many times…and it would appear they now see they must come up at or just above 1 to 1 if they intend to remove the dollar domination…logic is saying that a dollar or slightly higher to make it look more attractive inside of Iraq.
4-27-2016 Newshound Guru rcookie Article quote: "...the Rasheed Bank has done him a large portion came to about 97% of the re-structure was approved by the Board of Directors..." 1 STOP SHOPPING FOR COMPREHENSIVE BANKING SERVICES...NEVER...EVER...EVER DONE IN IRAQ BEFORE...BANKING ACT...WAITING ON APPROVAL AND RATIFICATION FROM HOUSE!..WOW! ANOTHER INDICATOR OF THE MIGRATION TO OPEN MARKET ECONOMY...THEY HAVE BEEN WORKING ON THE RESTRUCTURE AND PRIVATIZATION OF THE 2 SOB'S SINCE 2008 ALONG WITH THE WORLD BANK...SINCE 2008! AND NOW IN APRIL 2016...97% COMPLETE...IN INK! Article quote from March 26, 2013: "World Bank Restructure the Rafidain and Rasheed in Order to Raise the Value of the Iraqi Dinar"
4-27-2016 Newshound Guru mike Article: "Parliament succeeded to exceed its divisions and vote on the five ministers technocrats" What a day, good stuff. I never thought they'd get rid of Shahristani but he's out. Iraqi solutions to Iraqi problems, I can't wait to see what they do next.
4-27-2016 Newshound Guru rcookie ISX WILL BE SHUT DOWN FOR HOLIDAY 3 DAYS 1ST WEEK IN MAY...
4-26-2016 Intel Guru Delta ...there was an article posted a couple of days ago...it was basically an opinion piece coming from Iraq and this guy was talking exactly like we talk here...he was saying that everyone inside of Iraq...the experts, the financial, the economic people are all expecting something to happen within the next two months...and don’t forget right from the horses mouth...the IMF said that Iraq should by the first half of 2016 be internationally recognized...so many are looking for the currency reform, especially those who are invested in Iraq…it looks like they are very close to doing something…and we are getting closer to the middle of this year and they seem to be communicating to everyone what is going on.
4-26-2016 Intel Guru Frank26 ...so the conditions are now correct in Iraq...these three banks have announced to you... "Rasheed Bank announces that they have completed 98% of bank restructuring”...congratulations because you have now witnessed 98% of the RI...I told you we were in the RI and I told you they had been working on it with Dr. Shabibi...IMO...what is the other 2%...the other 2% is the RV. ...when it comes out it will come out pretty darn good...and that is why Jack Lew is there because he has the experience of what happened in Kuwait and that is why he is doing it all over again and we learned that IMO it won’t come out at 3+ it will come out at 1 to 1 IMO... [post 2 of 2]
4-26-2016 Intel Guru Frank26 ...we can’t give you dates or rates...but everything will be ok in the end...they are holding many private meetings...these meetings are progressing forward...it’s not so much the reforms...I think that is ready to go...laws...ready to go...GOI...ready to go...Parliament...ready to go...cabinet...ready to go...everyone ready to go...well then what is the problem...we still hate each other...and these meetings I think are ironing out an awful lot of that nonsense. I’m really happy about what we are seeing... Jack Lew...the head of a major department...because he is there something HUGE is going on with the US and Iraq... ...once these meetings dissipated...the next day the Rafadain...the Rasheed...and the Central Bank of Iraq were...being protected...you know there are hundreds of banks in Iraq...why would our military surround just these three banks...these three banks are giving a green light...IMO...to the MR of the Iraqi currency...these are the three that are connected in order to move forward in the MR… (post 1 of 2....stay tuned]
4-26-2016 Newshound Guru Kaperoni Article: "Iraqi economic expert's (Basenyoz): The federal government will face difficulty in paying employees' salaries after next June" I don't know if the plan will work, but it surely seems that there is a plan that is suppose to go into effect mid year to change the course of Iraq. Let's hope what the IMF said is correct.
4-26-2016 Newshound Guru rcookie WE KNOW BOTH JABOURI & ABADI STATED THEY WILL WORK TO GET RESHUFFLE VOTE DONE TODAY...WE KNOW JABOURI SAID THERE WAS AN AGREEMENT WITH POLITICAL BLOC HEADS AND ABADI TO RESOLVE MINISTERIAL CABINET TODAY WITH VOTE...WE KNOW JABOURI OFFERED TO FORM PARL COMMITTEE TO NEGOTIATE WITH PROTESTOR REPRESENTATIVES AND WORK WITH CONSTRUCTIVE DIALOGUE... [post 2 of 2]
4-26-2016 Newshound Guru rcookie Article: "Iraq's parliament is trying to hold a plenary session ...The public anger mounts" Quote: "The main political forces in Iraq hopes to hold a parliamentary session incomplete quorum Tuesday to discuss the cabinet reshuffle proposed by the government of technocrat Prime Minister Haider al-Abadi..." SO WE KNOW ABADI WAS IN ATTENDANCE....WE KNOW THERE WERE BETWEEN 170-180 ATTENDEES...WE KNOW MALIKI BLOC WAS MEETING TO OBSTRUCT...WE KNOW THERE WAS HUGE INFLUX OF SECURITY IN BAGHDAD AND GREEN ZONE...WE KNOW ALL ENTRANCES TO GREEN ZONE CLOSED DOWN...WE KNOW MASS DEMONSTRATIONS ONGOING IN TAHRIR SQUARE WITH SADR THREATS TO STORM GREEN ZONE IF REFORMS FAIL TO FINALIZE... [post 1 of 2....stay tuned]
4-26-2016 Newshound Guru firefly IMO the CBI and GOI are 2 separate entities. Parliament can throw shoes at each other for the next 10 yrs as far as the CBI gives a hoot. The reforms will continue as planned regardless...No different than the Fed Reserve and our government. Remember, when Kuwait reopened their banks, their government was anything but functional, the citizens had no electricity, They were sleeping in the streets in the mud. Oil fields were still on fire and they had a press release stating no reinstatement for 9 months I believe.
4-26-2016 Newshound Guru rcookie [IMF in INK said...that Iraq will enter the global picture in the first half of 2016...] THEY ARE AND HAVE BEEN ENTERING THE GLOBAL MARKET EVERY DAY...IF YOU ARE NOT SEEING THIS UNFOLDING IN FRONT OF YOUR EYES...YOU'RE MISSING A REALLY GOOD SHOW.
4-26-2016 Newshound Guru Stryker It has been an interesting morning in Iraq. After only a thirty minute delay a quorum was achieved with 175 deputies attending. It did not take long after PM Abadi arrived for Maliki and his coalition of state law protesters to start chaos in an attempt to stop the voting of the cabinet reshuffle process.
4-26-2016 Intel/Newshound Guru Poppy3 ...IT HAS BEEN BEFORE OUR EYES FOR OVER A YEAR NOW EVERYDAY...WE HAVE GREAT PROGRESS AND IF PEEPS AREN'T EXCITED I PRAY THEIR EYES WILL BE OPENED BECAUSE IT IS SO CLOSE NOW THEY ARE RUNNING OUT OF TIME TO PREPARE TO MANAGE WHAT BLESSING THEY WILL GET.
4-26-2016 Newshound Guru firefly Quote: "To / all banks and all money transfer companies to broker the sale and purchase of foreign currency all..." [So this means they are Article 8 compliant because they can buy and sell other currencies?] IMO, they are not yet Article VIII compliant YET. But oh so close.
4-26-2016 Newshound Guru rcookie Article: "Serious information ... international auditor reveals waste millions in contracts provinces" ERNST & YOUNG IS A 3RD PARTY MONITORING AGENCY...APPOINTED BY IMF AND WB ON MANY FRONTS INCLUDING THE CBI STATISTICAL DATA PUBLISHED ON CBI WEBSITE AND PART OF STRATEGIC PLAN...AND ALSO THE IMF STAFF MONITORED PROGRAM INITIATIVES FOR BANKING SUPERVISION... PUBLIC FINANCIAL MANAGEMENT...MONITORING FINANCIAL RISKS...AND PLAY A KEY ROLE IN IMPLEMENTING REFORM SYSTEMS TO STRENGTHEN THE STABILITY OF THE BANKING SYSTEM...THEY ARE A KEY COMPONENT OF THE AUDIT AND ASSISTANCE OF THE RESTRUCTURE AND PRIVATIZATION TRANSITION OF THE 2 BIG STATE OWNED BANKS...
4-26-2016 Intel/Newshound Guru Backdoc ARTICLE 4 WAS GIVEN TO VIETNAM! WOOO HOOO. THIS MEANS THEY NOW QUALIFY FOR A CURRENCY OF VALUE ON THEIR OWN AND NO LONGER NEED TO REMAIN PEGGED TO THE DOLLAR! I LOOK FOR THEM TO PEG TO THE SDR AND BE A DONOR CURRENCY JUST LIKE IRAQ!
4-25-2016 Newshound Guru Kaperoni Article: "Iraqi economic expert's (Basenyoz): The federal government will face difficulty in paying employees' salaries after next June" There is a plan. Both the CBI and IMF knew of the financial situation back in Dec when they signed the MoU.
4-25-2016 Newshound Guru Islandg1211 A few things caught my eye today in the articles...IMO, they were expected at this time, because I've felt the end of April was the most likely time for the RV based on their history. Jack Lew's co-signing of Iraq's loans from the IMF prompted me immediately post "it's done." I have been expecting this time frame. Today, these articles just continue to support my expectations: We were expecting oil prices to continue to climb a bit, and they did. Another step, is the continuation of the CBI checklist on their LOI (Letter of Intent) to the IMF being met. Restructuring the banks had to be done, was on the list, and has been completed. Lastly, I was expecting an expanded holiday this weekend with the ISX closed. I expected them to close this Thursday, and RV then. That has been my opinion for many months. Today's article states that ISX will be closed starting Friday through early next week. Let's watch to see if the CBI follows suit.
4-25-2016 Newshound Guru rcookie Article quote: "A senior government source revealed, on Sunday, to inform the head of the Integrity Commission Hassan Yassiri Prime Minister Haider al - Abadi, the existence of documents proving the involvement of ministers and political leaders of corruption and illegal speculation by the central bank auctions." DOCUMENTS PROVING THE INVOLVEMENT OF MINISTERS & POLITICAL LEADERS OF CORRUPTION AND ILLEGAL SPECULATION BY CBI AUCTIONS...MP'S USING ARAB BANKS OUTSIDE CONTROL AUDITING...IN RETURN FOR BANKING SHARES AND HUGE QUANTITIES OF USD SOLD THROUGH BLACK MARKET...WOW!!...WHAT A SHOCKER...THINK THAT MIGHT BE THE THE REASONING BEHIND THE INTERNAL PRESSURE TO KEEP THE AUCTIONS ACTIVE IN SPITE OF THE OVERWHELMING EVIDENCE OF CATASTROPHIC FAILURE...
4-25-2016 Newshound Guru Millionday Article quote: "Chairman of the Board of Governors, said in the Iraq Stock Exchange Thaer Adnan Hashim: The development of the capital market in Iraq is important and highlights its importance in the development of the business sector and increase the rate of GDP, and the transition to a market economy..." THE DEVELOPMENT OF THE CAPITAL MARKET IS REQUIRED TO MOVE FORWARD WITH DEVELOPING THE FREE MARKET ECONOMY -- RAISED GDP -- AND TRANSITION TO PRIVATE MARKET
THE INTERNATIONAL STOCK MARKET INVESTMENT LAWS NEED TO BE MADE CLEAR -- THIS IS ONLY DONE FOR ONE REASON -- SO THAT THE ISX CAN BE INVESTED IN AND DEVELOPED FOR INTERNATIONAL INVESTORS AS EXPECTED --- THEY ARE STATING THAT IT IS TIME TO APPLY THE COMPANIES ACT-- ALLOWING INVESTMENT IN THE ISX SHARES...THIS MEETING WAS HUGE AND FOR ECONOMIC REFORM AND DEVELOPMENT... THIS IS ALL TO MOVE TO THE INCLUSION OF INTERNATIONAL INVESTORS...
4-25-2016 Intel/Newshound Guru Backdoc Article: "Crude Oil Tankers Bound For China Surge Amid Stockpiling Signals" [...why is china stockpiling oil?] IF YOU KNEW THAT THE WORLD WAS ABOUT TO FIGURE OUT THAT...OIL WAS GOING TO COST YOU A LOT MORE IN THE VERY NEAR FUTURE WHAT WOULD YOU DO? THAT'S RIGHT BUY, BUY, BUY! YOU SEE THERE IS A VALUE CHANGE COMING AND IT WILL COST CHINA MUCH MORE LATER THAN IT DOES NOW FOR ITS OIL! THE PROCESS OF CHANGE WILL BEGIN IMO LATER THIS WEEK IF A RATE FOR ALL THE EMERGING COUNTRIES LAUNCH THEIR RATES! WITH EVERYONE READY ITS SIMPLY ONLY A QUESTION OF TIMING NOW! THERE IS A VALUE CHANGE COMING GET READY!
4-25-2016 Newshound Guru rcookie MORE IMPORTANTLY...ONE OF THE MOST IMPORTANT CBI ANNOUNCEMENTS THIS YEAR ON JAN 7TH....WAS THE DIRECTIVE FROM CBI FOR ALL BANKS AND FINANCIAL INSTITUTIONS IN IRAQ TO MIGRATE FROM UAS (UNIVERSAL ACCOUNTING STANDARDS) TO IAS (INTERNATIONAL ACCOUNTING STANDARDS) WHICH IS BEYOND HUGE...BECAUSE THAT CHANGE RESULTED IN COMPLIANCE WITH IFRS..(INTERNATIONAL FINANCIAL REPORTING STANDARDS) WHICH ALL PUBLICLY TRADED COMPANIES IN GLOBAL STOCK MARKETS AND BOURSES USE... [post 2 of 2]
4-25-2016 Newshound Guru rcookie [the ISX said in an article recently they would be fully ready by end of year. does that in any way hamper the chances of Iraq moving to a market economy by mid year?] THE END OF YEAR STATEMENT FROM ISX HAS TO DO WITH NEW ELECTRONIC TRADING PLATFORM...THEY ALREADY HAVE IN PLACE THESE REGIONAL FINANCIAL HUBS...WHICH WILL PROCESS THE DATA FROM THE 2 EXCHANGES AND TRANSMIT TO THESE REGIONAL CENTERS WHO WILL TRANSMIT TO THE BANKS AND BROKERAGE HOUSES FOR TRADING BUSINESS WITH THE PUBLIC... [post 1 of 2....stay tuned]
4-25-2016 Intel/Newshound Guru Backdoc ARTICLE 8 COMPLIANCE HAS BEEN ACHIEVED! THIS MEANS THEY HAVE A RATE NOW! IT WAS POSTED ON THE IMF WEB SITE FOR 3 HOURS! IN ADDITION TO THESE MAJOR ACCOMPLISHMENTS WE SEE THE USA CALLING FOR ANOTHER CREDIT RATING REVIEW FOR IRAQ WHICH SHOULD BE MUCH HIGHER. BY THE WAY, THE IMF NEW YEAR BEGINS MAY 1ST, DO YOU THINK THAT MIGHT MAKE A DIFFERENCE? [post 2 of 2]
4-25-2016 Intel/Newshound Guru Backdoc IN THE LAST FEW DAYS WE SAW THE GOI (GOVERNMENT OF IRAQ) FIRED BY PRIME MINISTER ABADI. WE ALSO SAW PARLIAMENT SUSPENDED. THE RESULT OF THIS WAS TO BREAK IMMUNITY OF THE CORRUPT INDIVIDUALS. AS A RESULT THEY COULD BE ARRESTED AND REMOVED. A NEW TECHNOCRATIC GOVT. HAND PICKED BY THE USA WILL REPLACE THE GOI. THE BAD APPLES FROM THE PARLIAMENT WERE REMOVED SO THINGS WILL MOVE FORWARD NOW! OF COURSE I COULD BE WRONG BUT I EXPECT SERIOUS ACTION PRIOR TO MONTH END! [post 1 of 2....stay tuned]
4-25-2016 Newshound Guru Millionday Article: "Office of House Speaker Salim al-Jubouri, said the Presidium of the parliament called on the Prime Minister Haider al-Abadi, to attend the hearing next Tuesday to view the ministerial cabin." TUESDAY ABADI HAS BEEN CALLED TO BRING LIST OF CABINET...THE MEETING WILL HOST ABADI AND WILL BE ABOUT REFORMS AND ALSO THE LIST OF MINISTERS -- REPORTS ARE STATING THAT THE KURDS WILL HAVE EQUAL REPRESENTATION WITHIN THE CABINET AND BE FAIRLY INCLUDED AS WELL. [Do you think they will go ahead and vote on it, or start throwing shoes again?] IMO THIS WILL BE MUCH MORE PRODUCTIVE BUT WE WILL SEE ON TUESDAY.
4-25-2016 Newshound Guru rcookie [just trying to understand why the stopping of auctions is so important, if it is?] CBI Control...One short sentence answers...: the Central Bank of Iraq regulates the flow of money through controlled auctions...Needless to say, this is not normal. In most other countries, money can be easily exchanged into a number of currencies at the will and whim of any citizen. The exchange rates are allowed to move freely according to the forces of supply and demand, interest rates, etc.
4-24-2016 Intel/Newshound Guru tman23 Quotes: "He said the information Office of the House speaker, Salim Al-jubouri, the Presidium of the Parliament called for Prime Minister Haidar Al-Abbadi, to attend a hearing next Tuesday to view the cab." "...the meeting will be at 1 p.m. Tuesday, and will be inclusive of all parties" ...And there is the confirmation to what was said Friday...Abadi new list will be in front of Parliament...Jabouri will host, Abadi has an invitation to attend...The vote of Abadi reforms will have Maliki and Jaafari lead one last attempt to upset the apple cart...both these guys are realizing their days are now numbered...The vote on the reforms is as as close as they can get to national reconciliation for time being.
4-24-2016 Intel Guru Frank26 [did Dr S (Shabibi) give his speech to the citizens yet?] No in my opinion first he will have a press conference then he would do a speech to his people then to the international world .
4-24-2016 Intel/Newshound Guru tman23 "The Iraqi Prime Minister Haider al-Abadi will suggest a new line-up of the technocrat cabinet to the political factions on April 26." VOTE WAS SAID TO BE ON MONDAY BUT 26TH IS A TUESDAY.....AND KNOWING CBI WAS TO RELEASE FUNDS FOR LOANS OF THE 27TH...WHICH NOW I BET $1 AND A BAG OF PEANUTS IT GOES ON SUNDAY MAY 1ST...
4-24-2016 Newshound Guru chattels THE OTHER POLITICAL BLOCS WANT A PLENARY SESSION TO MOVE FORWARD ON THE BUSINESS OF PARLIAMENT, SPECIFICALLY THE CABINET REFORM, BUT THE PROTESTORS INSIST THAT THE LEGITIMACY OF THEIR VOTE FOR THE REMOVAL OF JOBOURI BE RECOGNIZED AS A CONDITION PRECEDENT AND ATTENDANT TO THEIR "ALLOWANCE" OF ANY QUORUM IN PARLIAMENT. THE RESULT IS AN IMPASSE AND POLITICAL GRIDLOCK IN PARLIAMENT FOR THE MOMENT. [post 2 of 2]
4-24-2016 Newshound Guru chattels Article quotes: "confirmed coalition Iraqi forces ( the protesting MP's ) consensus political blocs not to return to the parliament without a quorum of the meetings of the House of Representatives and the return of the legitimate completed." "what is happening under the dome is contrary to the Constitution and the law of parliament, and there is no justification to legitimize such meetings under any circumstances. " IT APPEARS THAT THE PROTESTING MP'S HAVE SUFFICIENT NUMBERS TO PREVENT A QUORUM BUT NOT CARRY A VOTE "AGAIN" ( IF EVER THERE WAS A LEGAL VOTE ) ON THE PRESIDENCY OF JUBOURI. [post 1 of 2....stay tuned]
4-24-2016 Newshound Guru Breitling Getting tons of questions about the IMF. For the IMF to actually be able to change the rate that means Iraq would have to be in trouble. This is what people don’t understand…the IMF is talking about new loans they want to give to Iraq. and if they are talking about giving them new loans that means they have good credit and they have a good credit rating. That means they have a predictability of making gains to be able to pay the loan back. That’s not bad…that’s very very good. So the IMF is not in the position to take over management and force Iraq into a higher value. This is how easy it is…if you have a friend and you were wondering what his credit rating is or how good his credit is…he goes into a bank wanting a loan for a house or a car. He comes out with the loan he’s got good credit. He comes out with no loan he has bad credit. It’s that simple.
4-24-2016 Newshound Guru rcookie IT IS 100% CLEARLY OUTLINED IN THE 2016 IMF LOI/MEFP/TECH MOU...THAT THEY ARE PROGRAMMED TO BE AT 43 BILLION IN RESERVES AT END OF 2016...YES...THERE HAVE BEEN RECENT REPORTS OF THE RESERVES AT 55 BILLION AND 89.9 TONNES OF GOLD...SO IF THEY ARE AT 43 B AT END OF 2016 THEY ARE SLIGHTLY AHEAD OF WHERE THE IMF HAS THEM PROGRAMMED TO BE... [post 2 of 2]
4-24-2016 Newshound Guru rcookie [...did the IMF tell Iraq not to let their reserves get below 52 Billion? ...are there any acurate numbers on where the reserves are now?] ...GREAT QUESTION AND WILL PUT TO REST SOME OF THE UNINFORMED STATEMENTS FLOATING OUT THERE...IRAQS RESERVE STATUS IS EXACTLY...EXACTLY...EXACTLY WHERE IT IS PROGRAMMED TO BE (ACTUALLY A LITTLE AHEAD) FROM THE IMF TECHNICAL ASSISTANCE ACTION PLAN THAT TAKES THEM THROUGH 2018...AND BEYOND... [post 1 of 2....stay tuned]
4-24-2016 Intel Guru Frank26 I am confused why is the IMF and UST bragging about making loans to Iraq...don't they have to be article 8 compliant first? Yes they do...In my opinion it almost seems as if they don't care if you know that Iraq has to raise the value of their current before they make them any loan...maybe they just gave up and are going about the monetary reform right in front of our eyes... Remember they hide nothing they just don't explain it the way we do . [...can you tell us, whether or not Iraq is article eight compliant?] Compliant no...Qualified for it IMO, YES. When will they show us...IMO, Soon.
4-24-2016 Intel/Newshound Guru Poppy3 ...BEEN CONSIDERING ALL THE NEWS BROUGHT IN BY OUR ENTIRE RESEARCH TEAM AND CONTACT SOURCES...NOT ONE NEGATIVE THING IS IN OUR WAY. WHAT PROBLEMS THAT HAVE BEEN TALKED ABOUT HAVE BEEN RESOLVED OR THE PROCEDURE FOR RESOLVING THEM HAVE BEEN ANNOUNCED. WHEN YOU STEP BACK FROM ALL THE UNNECESSARY NEWS AND WEIGH THE THINGS DIRECTLY EFFECTING WHAT WE ARE LOOKING FOR THINGS GET MUCH CLEARER...THE IMF HAS LET THE CAT OUT OF THE BAG AND THE CBI HAS MARCHING ORDERS TO DECORATE THE CAT. WE ARE IN A WINNERS POSITION AND SOON YOU WILL BE CRYING WHERE DO WE PUT ALL THIS MONEY.
4-24-2016 Newshound Guru mike Article quote: "between these two teams appear unstructured conflict and Hovey truth expresses two choices contradictory question, whichever is closer to the ideal solution to overcome the financial crisis the country?" Over and over we see the conflict between those who want progress and those who want to maintain the status quo. Even with oil sales at 1/5th of revenue from two years ago, they still don't get it. When oil was at $110 a barrel they could afford to delude themselves into believing they could manage Iraq's finance's and economy, all of that changed when the price dropped. The time for debates and theories have passed over a year ago, they need to move forward. Your move, Abadi.
4-23-2016 Intel/Newshound Guru Poppy3 ...MANY PEOPLE DON'T REALIZE JUST HOW GOOD THIS INVESTMENT POSSIBILITIES ARE. SAY ABADI APPOINTS NEW TEAM NEXT TUESDAY THEY STILL HAVE THINGS TO DO BEFORE THE RATE BECOMES THE NEXT BIG THING. MY PERSONAL OPINION IS WE WILL BE COMPLETELY SURPRISED SOME MORNING BETWEEN NEXT WEEK AND JULY 5TH. JUST A FEELING I GOT NOTHING BUT TIMING OF HOW THEY DO THINGS (SLOW)...LOL. [post 2 of 2]
4-23-2016 Intel/Newshound Guru Poppy3 ...DIFFERENT REPORTS HAVE COME OUT ABOUT THE ACTUAL RATE THE BUDGET WAS FIGURED ON AND...THEY WILL HAVE TO RAISE THE RATE BY ABOUT 20% above the actual budget. IF IT WAS BASE ON $2.93 THEN THE RATE I WOULD THINK WILL BE CLOSE TO KUWAIT ...THAT I WAS TOLD A COUPLE WEEKS AGO WAS $3.38. WE WILL KNOW VERY SOON. [post 1 of 2....stay tuned]
4-23-2016 Newshound Guru Breitling I try to do the best math I can to try to figure out what I’m looking at and within a certain time frame. The schedule these guys are using was just set. Here’s what people don’t understand. They could revalue the currency today…They’ve already lowered the note count so they can pull that switch and they can add value to it today. Remember the value that represents that dinar…where the value comes from has not changed (that’s what backs it up). What’s changed is the amount of notes that represent that value. And so you have less notes with the same value and the notes that are left over are going to gain that much more…that’s how it works. It works with every economy…every currency…that does not change. That’s why this thing is coming down like a freight train right in front of everybody and nobody sees it. People were speculating that it would happen at the beginning of the year or mid year and that’s fine it can happen.
4-23-2016 Intel/Newshound Guru Poppy3 ...it was and is exciting to hear the input from DR SHABIBI over the last few days. LETS US KNOW WHAT WE HAVE THOUGHT AND STATED OVER THE last year that he has been behind the scenes directing the way for reform in IRAQ AND THE CBI.
4-23-2016 Newshound Guru Islandg1211 ...when does the IMF prefer to RV? (end of april). Who's in charge? GOI? Not!
4-23-2016 Intel Guru Frank26 [Thinking about what you said...the three banks (Hasheem/Rasheed, Rafidain, CBI) sent their employees home at 10:00 am two days ago...well...two days ago is Thursday. Shab always said he needs three day weekend...could this be the time?] No. IMO ... Not this weekend. IMO...DRS [SHABIBI] taking inventory. [Will DRS speech still go down in history as a turning point for the world?] IOO (In our opinion)...YES! [...when we see the lds (lower denoms ?) dropped, how long you thinklng before we see a RV rate?] In my opinion...logic says that this is a simultaneous action.
4-23-2016 Intel/Newshound Guru tman23 What happened to National Reconciliation? ...The only thing they share/use as one is a national currency. That is the only thing [that] will bring them together to save Iraq...
4-23-20216 Newshound Guru tlm724 Article quote: "Head of the Islamic Supreme Council of Iraq Ammar al-Hakim, "We'll ministerial amendment, and to prosecute the corrupt," he said, stressing that "reform is not the coup against legitimacy." Hakim really calls them (the corrupt) out in this speech! He is saying there is no way we will let them slide this time! ...this time things are different, the drop in the price of oil has made the difference! Iraq has always been fat with oil revenues which allowed them to let the bus run and ignore all the things that make a free market, infrastructure, factories, exports and laws! Not anymore, that bus has run out of gas. I'm hopeful we'll start to see some meaningful change.
4-23-2016 Newshound/Intel Guru BGG It appears, last Tuesday, for about 3 hours – the Investing.com trading platform was showing an increased value to around 8 1/2 cents…only for about 3 hours, but still…very exciting. It is reflecting 11.8 Dinars per 1 USD. To figure the value – since it is in divisions of 1 USD… take 1 (USD) divided by 11.8 = .08475 (ish)… or about 8 1/2 cents. Is this where I think it will end? NO. Is this where I think it will start? It may already have. Are trading platforms “quirky”? Yes, notoriously…However, this shows up a number of different ways, and not just in one instance… though it doesn’t show up on all of their templates, this goes hand – in – hand with the recent vein of news that Iraq is “readying” themselves for some “major integration” with the world markets. I am neither predicting nor proclaiming… I am simply sharing and commenting on what is readily available. Very exciting times…
4-22-2016 Newshound Guru Aggiedad77 so Zebari went to DC...the IMF and the WB....they told him what needs to happen...then he met with...Jack Lew that is...And what was the reason and purpose of this meeting...his underlings might have held such meetings in the past...with Kuwait and their revaluation after we stepped in to help them...Well guess what Jack...we are back...not in Kuwait...but in the middle of Iraq...and we are there to once again help...and he is the one with the experience... JMHO...watch as things unfold...excitement in the air...watch the bouncing ball...IMO.
4-22-2016 Newshound Guru Shredd Article: "Change the three presidencies "imminent" and dismiss Jubouri met the requirements" Quote: "...the coming days will witness the variable on the level of improvement of the political model and that passage of the relationship, including the oil and gas law and the Federal Court..." If this change can get these much needed laws passed, then bring it on. So good to see the oil and gas law specifically named here.
4-22-2016 Newshound Guru firefly Article quote: "In March, boutique investment bank Exotix Partners issued a “buy” alert on Iraqi benchmark U.S.-dollar 2028 bonds, taking into account Iraq’s low oil extraction cost and projected increases in production." issued a “buy” alert...Hmmmmmm. I'm not saying RV lol, but very telling.
4-22-2016 Newshound Guru Adam Montana [On every ones mind would be Parliament, the GOI, and what the recent turmoil we are seeing means?] YES - the turmoil! It's about darn time something happened, I'm looking for good news to come out of this.
4-22-2016 Intel Guru Frank26 there have been a lot of meetings going on and these meetings were mainly in Iraq...but now they are in Iraq and DC...but they are mainly in DC... This is the reason why we see all these meetings...the bonds are being born now...they are going to sell these bonds in American dollars...they are going to do this now...these bonds will work...NOW...So the USA has gone in to co-sign and support these bonds that are about to be sold internationally in USD...There have been so many meetings with the WTO, the WB, the IMF...the US is in CHARGE...right or wrong the US is in charge...we are in charge of what is going on in Iraq.
4-22-2016 Newshound Guru rcookie THE US HAS ALREADY MADE ITS INTENSE POSITION OF SUPPORT FOR ABADI RESHUFFLE AND NATIONAL REFORM PROGRAMS...AND NOW... Article: "Urgent .. EU announced a financial grant of Iraq and in support of Ebadi" SO...ABADI AND NATIONAL REFORM PROJECTS HAVE STATE...REGIONAL..AND GLOBAL SUPPORT COMMITMENTS... VYING AGAINST SOME INTERNAL OBSTRUCTION FACTIONS...AND REPORTS TODAY OF MALIKI OFFERING SPECIAL FAVORS TO MP'S FOR DISMISSAL OF "FALL OF MOSUL" INVESTIGATION...AND HIS NAME FROM THE SUSPECT INVESTIGATIONS...THAT NOURI...WHAT A GUY...
4-22-2016 Newshound Guru Shredd Article: "WASHINGTON: Iraq's economic reforms began effects increase non-oil imports" Quote: "the Iraqi government's success in economic reforms would mean signing an agreement with the International Monetary Fund, you get a loan worth billions of dollars." Great article and we again see the leverage the IMF has with Iraq. That is why the pressure from them is so great to see.
4-22-2016 Newshound Guru firefly Bottom line is Parliament has been suspended (fired)...And Abadi IMO will show us his new ministers VERY soon. Nobody in {Parliament has immunity because they are no longer a part of the government...And IMO Abadi will Proxy in the EXPERTS of his choosing...be happy this ride is at completion IMO.
4-22-2016 Newshound Guru Breitling How is the dinar going to be taxed? How I discovered how it’s going to be taxed, I went back through some of my tax records and one of the project I had was Brazil …It was actually a very significant amount of currency I brought back and I looked to see how I was taxed and it was ordinary income…it was a big chunk and that is the way they taxed it. I’m NOT a tax guy alright…It’s different in each state on how you can set things up and how you categorize things and how you can spend it…so you get the gist. Ordinary income is going to be across the board in the entire country. [NOTE: At the appropriate time you will want to speak with your tax expert...everyone's situation is unique.]
4-22-2016 Newshound Guru Shredd Article: "Iraq Stock Exchange is planning to work after the trading system to "streamline" procedures and "activate" investment" Really good to see this. Look at this from the outside...would this even be happening if investment interest was low or if tremendous wealth and gain was not possible? ...we all know Iraq is primarily an importer outside of oil. We also know they must diversify in this regard to mitigate the risk of large market swings having too much of an impact on the entire country's economy. This is yet again another article that reminds us of the investment architecture being built over the last several years. The investment desire is there and once we see stability in security and the government, we'll see growth.
4-22-2016 Intel Guru Bruce YESTERDAY OR TODAY THE IMF MADE LOANS TO IRAQ! SO WE ARE HOPING THIS IS A PARALLEL! THE WORLD WIDE ANNOUNCEMENT AND TRADEABILITY MAY COME OUT IN LIKE MANNER...THINK THIS IS SIGNIFICANT BECAUSE OF THIS TIMELINE... INTERESTING COMPILATION OF THINGS WE THINK IS BEING CORRALLED. BASED ON INTEL THEY ARE GETTING---IN A MODE OF ANTICIPATION OF THIS HAPPENING---NOT CALLING IT---JUST SAYING POINTING TOWARD IT GOING VERY QUICKLY.
4-21-2016 Newshound Guru Mountainman JACK LEW (Was There and Apart of) "WHEN" KUWAIT REVALUED their CURRENCY in the 1990's...Actually was A Key Component...So HIM being there NOW at {THE END} is PARAMOUNT in the BIGGER PICTURE...And These LONG MEETINGS...Are About...The TERMS/GUARANTEES for the USA to {COVER} their ASSETS = HOW/WHEN IRAQ Pays Back the "GUARANTEES"... With IRAQ being The WEALTHIEST COUNTRY In the WORLD and The KNOWLEDGE the USA has About the [NEW GLOBAL REALITY] and {ALL} Involved...It's Really NOT A Problem...To {GUARANTEE} w/J.LEW'S /U S A 'S Blessing...(8) = New Beginnings...SOON... IMO.
4-21-2016 Intel/Newshound Guru Poppy3 ...THE RATE WILL APPEAR ONE MORNING THE FIRST MINUTE THEY FINISH WHAT THEY BEEN TOLD TO COMPLETE BY UN, IMF, WB...NOT ONE DAY BEFORE AND NOT ONE PERSON KNOWS WHATS ON THAT LIST OF ACCOMPLISHMENTS THEY MUST COMPLETE.
4-21-2016 Newshound Guru Millionday THE IMF HAS GIVEN A FORMAL RELEASE TO MOVE IRAQ TO ARTICLE 8 AND IT IS ON THE FORMAL WEB SITE OR AT LEAST IT WAS --- THEY WILL NEED TO HAVE PRICING AND ALL TRADE EQUAL AND COMPETITIVE -- WE HAVE NO GUESS OF WHAT THAT WILL BE BUT THE RATE THEY HAVE NOW AND THE PRICING IS ALL FROM THE IMPOSED RATE -- WHAT THEY COME OUT AT PRICE WISE WILL HAVE TO BE AT A VALUE THAT COMPETES IN THE MARKET -- ONE WAY OR ANOTHER --- ECONOMICS GLOBALLY REQUIRES A CALCULATION THAT ALL COUNTRIES ARE REQUIRED TO HAVE -- THAT IS HOW THE VALUE OF THE DOLLAR AND ALL CURRENCIES ETC ARE DECIDED -- THE GLOBAL PRICING INDEX. [post 2 of 2]
4-21-2016 Newshound Guru Millionday Article quote: "The US ambassador to Iraq...said in an interview...that "the economic reforms the Iraqi government began its effects appear to increase non-oil imports," noting that "the continuation of the Iraqi government in this performance will contribute great in the elimination or reduction of the budget deficit." THE IMF IS MOVING FORWARD WITH A LOAN DUE TO PROGRESS ACCORDING TO THIS...THEY ARE WORKING ON THEIR GDP -- THIS WILL IMPROVE THE COUNTRY BECAUSE IT IS WHAT IS THE BACKBONE OF THE ECONOMIC REFORM AND THEIR ENTRY TO THE MARKET IN THE GLOBE -- THEY ARE TALKING ABOUT TRADE MOVING FORWARD, IT WILL REQUIRE THE INTERNATIONAL EQUATION THAT THEY WERE ORDERED TO COMPLETE -- FAIR TRADE. [post 1 of 2....stay tuned]
4-21-2016 Newshound Guru firefly ...keep an eye on the Standard Charter Bank! THEY WILL PLAY A ROLE...A BIG ONE [why Standard Charter? Weren't they just meeting with JP Morgan/Chase in WA?] ...Standard Charter was the broker when Kuwait re-opened their banks and reinstated their currency... Right after the IMF gave Kuwait their loan...Kuwaits government was also disfunctional, the citizens had no electricity and sleeping in the mud. Also the oil fields were on fire still.
4-21-2016 Newshound Guru Kaperoni So, the significance is that if they ever want to attract global investors into the ISX (which they do to raise capital for the private sector businesses), they need to get the banking system on an international level with freedom of movement of capital (get the dinar accepted and converted worldwide). This kind of article is good news because it shows not only the intent, but it provides another reason to get this done sooner than later. I will also add that it states..."expected "system accomplish the end of the second half of the current 2016 " which falls in line with the other references about opening Iraq's banking system this year. [post 2 of 2]
4-21-2016 Newshound Guru Kaperoni Article: "Iraq Stock Exchange is planning to work after the trading system to "streamline" procedures and "activate" investment" ...the main reason the ISX is limited is because the dinar is not more accepted and convertible worldwide. Think of it this way..."the remote Trading system can investors from trading in securities via the internet from anywhere." Imagine that situation today, and you wanted to have this trading platform on your home computer in the USA and invest in Iraqi stocks. How would you pay? US dollars? Who would do the conversion to dinar? Would you have to have a dinar denominated account? Yes, there are ways to accomplish this without the CBI moving to IMF Article VIII like having a "custodial banker" (someone who handles these transactions for you)... [post 1 of 2....stay tuned]
4-21-2016 Newshound Guru Millionday Article quote: "Iraq Stock Exchange, announced on Wednesday his intention to work for after trading through the end of this year system in 2016, as he emphasized that it will contribute to "activate" trading and "attract" investment..." THIS YEAR IS BEING ANNOUNCED AS THE YEAR THAT THE IRAQI STOCK EXCHANGE WILL BE PROMOTED AND ACTIVATED. BY THE END OF THIS YEAR IT IS EXPECTED TO BE ACCESSIBLE EVERYWHERE -- THIS IS THE GOAL.
4-21-2016 Newshound Guru firefly What member of the Parliament or CoM attended the financial meeting in Wa [Washington] last Saturday? [Zabari.] Exactly. Zebari is Finance minister. He had to be there. My point is...Only the financial players were at that meeting...And that excites me!
4-21-2016 Newshound Guru Islandg1211 For a year I've been looking at the end of April because it's the preferred time of the IMF (or those behind the IMF) to RV countries currencies, whose Central Banks are independent of their governments. That's why I look at April, and not what the GOI is or isn't doing.
4-21-2016 Newshound Guru Adam Montana [On every ones mind would be Parliament, the GOI, and what the recent turmoil we are seeing means?] YES - the turmoil! It's about darn time something happened, I'm looking for good news to come out of this.
4-21-2016 Newshound Guru tlm724 Article quote: "The leader of the Islamic Supreme Council, Adel Abdul-Mahdi, Wednesday, some of the actions of the demonstrators monument to the gallows, and surround ministries "undemocratic," the protesters erected those gallows and it's scaring the crap outta of the GOI and it should...they should be very scared at this point...the gallows certainly makes a statement does it not?
4-21-2016 Newshound Guru sczin11 THE KEY, IMHO, TO THE ANNOUNCEMENT, IS THE NEED FOR INTERNATIONALLY RECOGNIZED AND TRADED...THIS IS THE FIRST TIME I CAN REMEMBER, IN ALL MY TIME RESEARCHING, THAT I HAVE LEGITIMATELY SEEN A TIME FRAME, TIME LINE, REFLECTING NOTHING BUT THE COMPLETION OF MONETARY REFORM...AGAIN, IMHO, MONETARY REFORM MEANS GIVING THE IRAQI PEOPLE THEIR SOVEREIGN OWN CURRENCY, INTERNATIONALLY TRADEABLE AND RECOGNIZED... [post 2 of 2]
4-21-2016 Newshound Guru sczin11 Article quote: "Iraq Stock Exchange is planning to work after the trading system to "streamline" procedures and "activate" investment... expected system accomplish the end of the second half of the current 2016." SO IT APPEARS THE BACK END DATE FOR AN INTERNATIONALLY TRADEABLE IRAQI DINAR HAS BEEN STATED BY THE ISX PTB! THE BACK END DATE...END OF 2016...DOESNT MEAN IT CAN NOT HAPPEN BEFORE THAT...NOR DOES IT MEAN THAT "OTHER" REFORMS ARE A PRE-REQUISITE FOR THIS TO HAPPEN- AGAIN, WE DON'T KNOW, WHAT WE DON'T KNOW! WHAT WE CAN SEE HERE, HOWEVER, IS MONETARY REFORM / ECONOMIC REFORM PROGRESS CONTINUES! THIS IS HUGE IMHO... [post 1 of 2....stay tuned]
4-21-2016 Newshound Guru Millionday KNOW THIS MEETING IS VERY FORMAL...VERY MAJOR... IT IS THE MEETING OF ALL THE MOST INVOLVED IN GLOBAL ECONOMICS -- WHAT WE HAVE HERE IS -- WASHINGTON SAYING THAT IMPORTS BEYOND OIL ARE PICKING UP IN IRAQ --- THE STOCK EXCHANGE BEING WORKED FOR SUCCESSFUL GLOBAL ENTRY AND WE HAVE THE MEETING WITH ALL PLAYERS GOING ON RIGHT NOW. [post 2 of 2]
4-21-2016 Newshound Guru Millionday Article quote: "Finance Minister Hoshyar Zebari, on Monday, with a kilo Honda Executive Vice President of Multi-Agency of the World Bank Investment Guarantee parties, the possibility of bringing many of the financiers and investors to the Iraqi market." THIS IS ALL ABOUT THE ACTIVATION OF THE ECONOMIC REFORM...ENTRY INTO THE CAPITAL MARKETS...THE SALE AND EXCHANGE OF THE DINAR...THIS IS THE FORMAL MEETING TAKING PLACE TO MOVE IRAQ FORWARD AND THEIR MARKET AND THE DINAR...WHOOOPOW. [post 1 of 2....stay tuned]
4-21-2016 Newshound Guru Kaperoni Article: "Iraq Stock Exchange is planning to work after the trading system to "streamline" procedures and "activate" investment" Quote: "...the update is the latest action which will be used by brokerage firms to enable investors to execute trades mechanisms themselves in accordance with the instructions and rules prevailing in the Iraq Stock Exchange." This is exciting for sure...since the stocks on the ISX are traded in dinars. Another piece of the puzzle.
4-20-2016 Newshound Guru Islandg1211 ...the arrests of the Erbil Central banker and the coordinated arrest of the Iranian Central Banker confirms Iraq and Iran are together moving forward with and supporting each other's monetary reform. Getting rid of the crooks in the Central Bank is yet another thing Shabibi can check off. The US has always demanded a fully formed government, a permanent military presence, troop immunity, and the HCL. Getting rid of ISIS and passing these laws are being Accelerated IMO. The U.S. Serious about completing their mission in Iraq to such an extent the US stated that they would use their military to protect the three Presidents and Abadi. [post 2 of 2]
4-20-2016 Newshound Guru Islandg1211 Jack Lew the US Sec of Treasury Guaranteed Iraq's loans to the IMF. He could not have done that without already knowing that Iraq was Article VIII compliant, IMO. The IMF prefers to RV countries the end of April. I'm still looking at this time frame. Jack's action supports this. Shabibi has always been concerned with inflation and debt prior to RVing. (He got inflation under control, Iran is playing catch up with that.) The bonds and credit rating will help Shabibi's balance sheet in order to support the new rate. The loans will help Iraq's problem of the Budget deficit caused by the lower oil prices. All these meetings in DC between Zebari, the WB, JP Morgan, IMF's "Coconut" concluded with Jack Lews guaranteed loans. [post 1 of 2....stay tuned]
4-20-2016 Newshound Guru Adam Montana [...do you think a date and rate exist? Do you think that whoever is in charge in Iraq has decided a date and rate yet or is that still up for debate in Iraq right now too?] I've stated many many times that I don't think we're looking for a "date and rate" - I believe we are looking for a set of circumstances, which includes a lot of what we already have and also the all-important HCL. Hopefully we'll be getting back to work on that very soon, in the aftermath of the current situation Parliament is in. But if we have to pick a rate...how does $1 sound?
4-20-2016 Newshound Guru Kaperoni Article: "Zebari discuss with the World Bank the possibility of bringing financiers and investors to Iraq" There is never a guarantee that it will all come together, but I do like this... "to reach an agreement between Iraq and the Fund as soon as possible to finalize the Stand-By Arrangements" More debt for Iraq and agreements they must follow are all good things pushing this reform forward.
4-20-2016 Newshound Guru Shredd ...finally some leverage to push Iraq into what they CAN do...move to a market-driven currency and start moving out of a dual currency economy which will take away sooooo much corruption and create transparency and fairness in trade. No longer falsely holding down their dinar, sure, it's not at a buck now but it sure as heck is stronger than a tenth of a penny! also, good to see a few days ago the push for getting a stronger credit rating as that increases, more investment opportunities at a lower interest rate will emerge which creates lending and then borrowing and then liquidity, it's all connected. [post 2 of 2]
4-20-2016 Newshound Guru Shredd "Finance Minister meets US Secretary of the Treasury" "...reaching an agreement between Iraq and the International Monetary Fund on the standby credit arrangements, and its willingness to contribute to the loan guarantees..." Iraq is not bankrupt or in financial ruins, so why the support? they need backing and support arranged for moving to a new monetary policy, for moving to a float...they are saying, hey we are being pushed in a corner and we gotta move on the float...do we have your support while we do this...we can anticipate and project local and global response but we can't see 100% of it... they must have a strong, smooth transition. [post 1 of 2....stay tuned]
4-20-2016 Intel/Newshound Guru Poppy3 A NEW BUT VERY WELL POSITIONED SOURCE...HE IS SO CLOSELY INVOLVED HE IS FORBIDDEN TO HOLD DINAR...HE SAYS THE NEXT WINDOW DOES NOT OPEN TILL JUNE 1 AND WILL REMAIN OPEN WITH INFORMATION AVAILABLE THROUGH HIS POSITION AT THIS TIME THROUGH THE FIRST WEEK OF JULY...HE SAID AT THAT TIME HE WILL RECEIVE ORDERS FOR THE NEXT 60 DAYS OR SO AS WHAT TO EXPECT AND HOW TO PREPARE FOR FURTHER TRANSACTIONS. THIS IS WHAT THE MAN SAID I COULD SHARE. SORRY IT IS STILL VAGUE BUT I TOTALLY UNDERSTAND AND BELIEVE WHAT HE IS SAYING AS FACT...AND HIS POSITION I WAS VERY IMPRESSED WITH.
4-20-2016 Newshound Guru Adam Montana I love it when Iraq makes things simple for me. For weeks and months, we've been at a standstill with Iraq. No progress, nothing to really talk about. But if you've been reading the news over the last week, starting on about Saturday... it looks like the time has come for change. In fact, it looks like al Sadr is on a rampage! Quote: "Urgent..Sadr calls for ministers to submit their resignations immediately to pave the way for the formation of a new government..." And you're going to see that after the weeks and months of dragging feet, we're on the road to be back in business. Iraq doesn't want to sit stale and stagnant, any more than we want to witness it. We haven't heard a peep about the HCL in months, and it seemed like nobody was going to do anything about it. Looks like that changed, so let's hope for some good news out of this little shake-up.
4-20-2016 Newshound Guru Mountainman So The SOLUTION that is MOVING FORWARD {NOW} is to RAISE the VALUE at a Minimal of 1 to 1...and {EVERYTHING} Done Up UNTIL this POINT was to CREATE/HOUSE this REALITY...for GLOBAL TRADE/CITIZENS/ and INVESTORS...And EVEN w/CORRUPTION w/in The CBI/GOI and The CURRENT Technocrats Coming Into Play that EVEN Plays A (MAJOR) ROLE, but is {NOT} The ULTIMATE SOLUTION...But A Necessary ELEMENT for The RAISING of the IRAQI DINAR to A PARALLEL or COMPARATIVE Rate w the DOLLAR...IMO. [post 2 of 2]
4-20-2016 Newshound Guru Mountainman Article: "Iraqi dinar oil between the hammer and the anvil of political conflicts!" Quote: "...it is necessary to go seriously to revive the project to delete the zeros as a necessary step for the rehabilitation of the Iraqi dinar and the issuance of more valuable banknotes..." WOW...What I See is Being said Here Is that...SHABIBI is Back and As The AUTHOR and FINISHER of His PROJECT to DELETE the 3 ZEROS and IMPLEMENT it NOW is Paramount for their Country in Spite of OIL PRICES...And In Order to (Maintain) ORDER/Confidence for ALL PARTIES/ Including the CITIZENS...It's A BURDEN for their MERCHANTS...and CITIZENS to Use their LOCAL CURRENCY at it's CURRENT VALUE... [post 1 of 2...stay tuned]
4-20-2016 Newshound Guru Shredd Article quote: "according to assurances from close sources meetings, the agreement will contribute not only in Iraq for concessional financing but will significantly help in obtaining financial support from the international community and facilitate entry into the international capital markets." this means the actual move to a market economy...this tells me that the plan is set...but they need to have admin and financial support for WHEN this takes place. this article certainly supports the financial stability Iraq is looking to secure during this upcoming time of monetary policy change...Good evidence the plan to move to a market economy is still on track...it tips their hand that they are nearing change.
4-20-2016 Intel Guru Bruce Understand that we definitely try to use discretion, try to put out info without putting out things ultra sensitive, or going over the line in certain areas. No rates or dates... We are sort of in the moment. down to a close proximity... The rates very good...
4-20-2016 Intel Guru Frank26 THE SPEAKER OF THE HOUSE JABOURI HAS SUSPENDED PARLIAMENT. THIS MEANS THAT ALL MINISTERS GOOD OR BAD ARE NO LONGER WITH IMMUNITY...THEY ARE WITHOUT A JOB. THEREFORE ABADI CAN APPOINT HIS CABINET BY PROXY. ABADI CAN GO AFTER THE BAD MINISTERS AT WILL. ABADI WILL PLACE HIS GOVERNMENT VIA PROXY AND 5 LAWS THEN HE WILL HOLD ELECTIONS AND HAVE A CARETAKER GOVERNMENT AND NO ONE CAN STOP THIS NOR MESS WITH THIS. BUT THE MOST POWERFUL THING THAT I HAVE TO SHARE WITH YOU RIGHT NOW IS A QUESTION: WHY IS THE HEAD OF A DEPARTMENT LIKE THE UST ...JACK LEW...SITTING FOR THREE DAYS IN A ROW WITH IRAQI OFFICIALS?
4-20-2016 Newshound Guru Millionday Article quote: "Iraq holds intensive talks with the International Monetary Fund and the World Bank...It conducted an Iraqi government delegation in Washington DC, with officials of the International Monetary Fund and World Bank process of financial and economic reform in Iraq." THIS IS GOOD...WHOOOPOW. Quote: "Kurdish officials are in Washington to ensure that the autonomous Kurdistan Regional Government (KRG) receives its share of an estimated $15 billion worth of financial assistance that the International Monetary Fund (IMF) is expected to approve for Iraq." THEY ARE THERE TO ENSURE THAT THE...FUNDS ARE SHARED WITH KURDISTAN -- THIS IS OBVIOUSLY LOOKING AS IF IRAQ IS MOVING FORWARD IN THE COMPETITIVENESS IN THE MARKET...
4-19-2016 Newshound/Intel Guru BGG I'm telling you folks...(not a prediction)...It will not surprise me if Abadi s****s this Parliament and has early elections. In the mean time - he can seat his Cabinet "by proxy" (I think)...and do the things he needs to - weeding out these corrupt ministers. ( the above would NOT SURPRISE ME) [Couldn't that open door for Malaki to come back?] It would actually open the door to direct prosecution against him.
4-19-2016 Newshound Guru Kaperoni Article: "Iraqi dinar oil between the hammer and the anvil of political conflicts!" Quote: "Following the appointment of a new leadership of the bank put the current governor and the agency on the Keywords project again pledged to implement it at the beginning of 2017..." I do... like the reference to 2017 in the article. There were several articles last year that talked about the issuance of 3 new lower denominations (50, 100, 200) early 2017 (which then we deducted the float would have to start prior to raising the dinar enough to warrant the new notes). This time around with the IMF talking about the "Iraq will return to the market mid-2016" which we know would drive the value of the dinar up, and the articles about issuing 3 lower denominations early 2017, and todays notice that they want liberate Mosul by end of year, it seems everything is lining up to begin the float very soon (sometime from now to the end of the year) with a rate of .05 or so early 2017 which would demand the release of the first 3 smaller bills (50, 100, 200). Interesting puzzle. We can hope anyway.
4-19-2016 Newshound Guru Islandg1211 It's the separate interests of three becoming one, protected by the US military, that will bring the next planned phase of peace and reconstruction. The Sunnis, Kurds, and Shiite need to have their respective interests met in order to unite and become one GOI, one currency, and one military. Uniting the three Presidencies and Abadi and getting the new Ministers voted in would finally unite the GOI so they can get the needed laws passed. The HCL and RV unites everyone: GOI, CBI, citizens of all regions, and international oil companies.
4-19-2016 Newshound Guru Mountainman Well Other than HANGING A NEON SIGN...This is As INTENTIONAL by {ALL} Parties as it Gets...Welcome to ARTICLE 8 COMPLIANCE w/a STAND BY...and MORE to COME...It's Unfolding... AWESOME...It's {URGENT}! (8) = New Beginnings Even Now...Unfolding... w/Long MEETINGS...
4-19-2016 Newshound Guru Islandg1211 After last week's chaos in the GOI, the last few days were filled with meetings. Looking at concessions, money, military aid and future meetings, hopefully things are speeding up. Zebari's meetings look to be successful with the IMF, World Bank, and it appears he will be bringing home the bacon with loans, bonds, and maybe even a better credit rating. Shababi should be happy not to use any more of the CBI's reserves to pay contractors and bills. The Kurds got US money for their military, we'll see what happens to Zebari. The war on ISIS in Mosul got more troops and helicopters. It was great to see that article on the US military strongly supporting the three presidents and Abadi's reforms. IMO The GOI really needs to come out tomorrow [Tuesday] with unity and actually vote in Abadi's technocrats and move on to voting in the basket of laws. IMO end of April is the IMF's preferred time to RV.
4-19-2016 Newshound Guru firefly Article quote: "Baghdad, 26 March 2016...As-salaam ‘alaykum...Good afternoon. Great pleasure for me to visit Iraq again, I am pleased to be back in Baghdad for my eighth visit as Secretary-General and I am very much impressed by all the progress you have been making, particularly against Daesh." I am very much impressed by all the progress you have been making...This is the UN talking folks, not some silly Iraqi article / blog.
4-19-2016 Newshound Guru Millionday Article quote: "Ali gesture came out investment forum Iraqi Canadian , which was held in the city of Toronto with several recommendations, most notably the willingness of Canadian companies to enter the Iraqi market and the implementation of various projects." WOW -- CANADA...THIS IS HUGE IMO. ...THE MEETINGS THAT HAVE TAKEN PLACE AND ALSO THE MARKET AND INVESTMENT ATTRACTION IS GREAT...WHOOPOW.
4-19-2016 Newshound Guru Shredd [...it's good to see the wheels are still turning on the efforts of the WB and IMF.] Iraq must be compliant with having a true representation of value behind their currency. It's not a matter of they can or should but they must be compliant. A falsely held down rate is not compliant nor is a "dual currency" model. I am glad to see this continued pressure...clearly the deadline to their patience is near. [do you think the value of the dinar will increase this yr?] What will cause the value to increase is of course moving to a market-driven float which is a requirement in a market economy by definition. When that move is made, I believe the value would certainly gain from where it is. so, for timing...if this pressure by the WB and IMF works, then I certainly think we could see change...first, how soon will parliament respond...second, how long will it take to implement...and third, how will the value emerge and grow...so much yet to be seen...I'm encouraged. We'll have to see how this plays out... [post 2 of 2]
4-19-2016 Newshound Guru Shredd I've been really interested in the IMF threatening pulling funding due to political lag...that was a huge part of their loan, to get to a market economy...the FC and planning need to make a move soon...The dinar will represent true value and the power to boost it to far above where it is has been in place from the beginning. Politically, laws that have long been needing to be passed must be. Economically, the float needs to be engaged as part of moving to a "market economy". Planning, needs to plan the timing and process around keeping money supply at the necessary level...also, good to see that article...about the trip to Washington to discuss increasing the rating...if nothing else, this shows us the plan to bring international investment into Iraq is still a priority. [post 1 of 2....stay tuned]
4-19-2016 Newshound Guru rcookie IMO...THE PARLIAMENT OBSTRUCTIONISM IS THE 11TH HOUR DESPERATION EFFORTS OF MALIKI... AND ARE DELAYING COMPLETION OF LAW BASKET INCLUDING FED COURTS...AMNESTY AND ACCOUNTABILITY & JUSTICE..WHICH I THINK WILL FLY THROUGH ONCE CABINET RESHUFFLE IS COMPLETED...THATS WHY THEY ARE OBSTRUCTING...
4-19-2016 Intel/Newshound Guru Mnt Goat Remember there was supposed to be a “basket” of laws voted on in the next parliamentary session. The next session, as the news told us, would be Tuesday 4/12 but this did not happen. Then pushed to Thursday and then Saturday and again these sessions did not happen. So a couple of the recent sessions have been postponed due to lack of quorum as we still wait to hear about today’s session (Monday). Due to the political crisis with the cabinet reshuffle it maybe postponed again. It is my opinion they will not get around to this vote on these new laws for at least a couple weeks or until the dust settles from this political crisis.
4-18-2016 Newshound Guru firefly Only thing that is important to me is that they are having INTENSIVE talks in Washington. Parliament and the COM can stand on their heads of all I care. The only people that matter are the ones in Washington right now...They are meeting with the IMF and WB! [so how close are we ya think?] VERY!
4-18-2016 Newshond Guru wmawhite [Can they have a change of currency even with what is happening now in their government?] ...YES...It is the CBI and the banks within Iraq that will begin the process of settling foreign remittances (bills) using the value of the IQD, instead of the current letters of credit that are in USD. Many of these countries are already trading with Iraq in USD. The change to IQD will be initiated by the CBI...not parliament. Currently...the IMF, WB have been working hand in hand with the CBI and the banks within Iraq for the sole purpose of Iraq (its banking system) to enter the global economy market. Once Iraq makes the move to IMF Article 8, then those banks outside of the region...those not familiar with Iraq...will be more likely to do business with them. As to the value...that is debatable...and not so debatable in the opinion of some...but, back on September 27, 2011...Shabibi, Saleh and Abadi spoke about the value of the IQD being within reason of the region... compatible.
4-18-2016 Newshound Guru BGG What is happening - HAS TO HAPPEN. They are dealing with systemic corruption. [Can it delay the reform?] That is the wrong perspective - it has to happen...forget delaying the reform...this IS THE REFORM...in essence - it is happening...
4-18-2016 Intel/Newshound Guru Mnt Goat Prime Minister Haider al - Abadi, today (on Monday), called on parliament to convene immediately to overcome the obstacles and to contribute to developing solutions to the challenges facing the country. According to a statement to the Office of the Prime Minister Haider al - Abadi he said: 'We are confident that Iraq will emerge from crises stronger than it was and are optimistic of a better future for our people and our nation Aziz'. We await any further news. I do not yet know if a session of parliament was conducted today. [post 2 of 2]
4-18-2016 Intel/Newshound Guru Mnt Goat Update: 45 Day Deadline for Technocratic Gov’t...So what is the current status of the situation? Iraq’s powerful Shia cleric Moqtada al-Sadr warned on Saturday he would re-start protests within 72 hours if the nation’s leaders failed to vote on a cabinet of technocrats proposed by Prime Minister Haider al-Abadi to tackle corruption. His warning came as influential politicians lobbied Abadi to modify his plan and appoint candidates of their choice. We know that over the weekend the USA has “suggested” it may use force if necessary to keep peace in Baghdad as USA troops are stationed in the green zone along side Iraqi security forces. We also know that talks with Iran over an agreement not to interfere and instigate any dismissal of the three presidents or the completion of the Abadi reforms. We know that Nuri al-Maliki met with Brett Macgork envoy of USA President Obama and with president Masum in Baghdad to discuss the same. [post 1 of 2....stay tuned]
4-18-2016 Newshound Guru Backdoc Article: "Throwing thousands of leaflets on the Mosul confirm the security forces near the city of..." IF THEY ARE ABOUT TO TALK ABOUT MOSUL BEING SANITIZED OFFICIALLY SOON, I WOULD BE LOOKING FOR A DR. S [SHABIBI] SPEECH SOON! IMO.
4-18-2016 Newshound Guru wmawhite The IMF...told the world that they expect Iraq to enter the world economy market during the 1st half of 2016. ...the IMF made those statements back in November 2015 for a reason...and they followed up those statements with the Technical Letter of Intent, signed by the IMF, CBI and MoF. Also, we have seen week after week of progress by the CBI even while the circus events were happening in parliament. This could happen within the next couple of weeks, or months. Either way though, it will happen.
4-18-2016 Intel/Newshound Guru Mnt Goat Article: "The Next Parliamentary Session?" Quote: "Iraqi Parliament Speaker Salim al-Jubouri announced the postponement to Monday of the next parliamentary session that was scheduled for Saturday..." Many of you are...wondering how Jubouri can be making as these recent statements in the news if he has been dismissed as speaker of the house. I can assure you once again that the house speaker and leader Jubouri has not been dismissed. The rumor began simply resulting from a “mock” parliamentary session held on Wednesday by those MPs conducting the sit-in inside the parliament building. It was not a legal session and only the speaker of the house can schedule a session of parliament.
4-18-2016 Newshound Guru OOTW Article: "IRAQ GOVERNMENT COLLAPSE LIKELY AS A RUMP PARLIAMENT CALLS FOR RESIGNATIONS" Abadi sometimes too strongly walks the line of being diplomatic, he's going to have to emit more protection for his post and stronger insistence for the reshuffle without appearing a dictator...however, to date, i have not witnessed any behavior from him indicating he sees himself as a dictator...the next week will be very intense i think.
4-18-2016 Newshound Guru wmawhite [...I...recieved an email from First Liberty National, its where I bought my dinar, The gal I delt with stated as good news was the DINAR is now listed here in the US as a currency, which is a change is it not?] Yes, it is...and I had been told by another investor a couple of months ago that his investment adviser had witnessed some changes within the investment side of Chase Bank. But, concerning your information, yes. Continued good news that is in-keeping with what we are seeing.
4-18-2016 Newshound Guru tlar Article quote: "...called economic academic Dr. Majid Baidhani private banks to cooperate and coordinate with the central bank to curb the appreciation of the dollar exchange rate in the Iraqi market..." The dollar going up against the dinar is just a knee jerk reaction to the political crisis that has been going on. It is a temporary situation driven by fear. Its kind of like gold going up in the world whenever there is a crisis. In Iraq, citizens flee to gold or a stable currency and thats the dollar. The increase will go away as soon as the government crisis has been delt with. When the new government is seated, Iraqi citizens will view the situation as stablized and the dollar will go back down.
4-18-2016 Newshound Guru Backdoc Article: "Completion of registration on central bank loans form and launch a presentation by the end of April" ONE WOULD CERTAINLY EXPECT ARTICLE 8 AND A RATE BY THE END OF THE MONTH IF THESE LOANS ARE TO BE ACTIVE! ...JUST A...OPINION NO DATE OR RATE!
4-18-2016 Newshound Guru wmawhite [...I BELIEVE MY OWN OPINION THEY WILL DO IT BEFORE THEIR RAMADAN WHICH WILL GIVE THEM A NICE CELEBRATION JUST LIKE WHEN IRAQ GOT RELEASED FROM CHAPTER 7 FEW YEARS BACK.] Ramadan is celebrated inside of Iraq, as with all Muslin countries. A change in the value of the IQD takes place outside of Iraq. When that happens the value of the IQD inside of Iraq is still 1 IQD = 1 IQD...no change. IMO, Ramadan has nothing to do with the eventual change in the IQD.
4-18-2016 Newshound Guru mike Article: "The World Bank suspended aid to Iraq due to the political crisis" ... best article for the day. I hope it's enough to force them to move towards reform.
4-17-2016 Newshound Guru rcookie WOW!!...SOME PRETTY AMAZING NEWS THIS MORNING...LOAN CEILING RAISED WITH IMF...WB LOANS OFF OF SCOLDING THE OTHER DAY...ISIS PROGRESS IN ALMOST EVERY PROVINCE INCLUDING KILLING OF ANOTHER ISIS FINANCE LEADER AND MORE DESTRUCTION OF CASH IN MOSUL...CBI LOANS TO ALL SECTORS BY END OF APRIL...MEETING WITH US OFFICIALS TO IMPROVE CREDIT RATING...
4-17-2016 Newshound Guru Stryker Ever since the IMF Staff Monitored Program was first announced I have been waiting to see if there is a direct connection between deleting the zeros, the introduction of new lower denominated currency and the program itself. Well, I believe we have our proof that they are related and that the Iraqi Dinar is headed to the foreign Exchange Market.
4-17-2016 Newshound Guru Backdoc And The "HEAT Is ON" as IRAN gets Closer to their FUTURE Trade Interaction w/ Global Economies....One Major Restraint remains...As We Approach IRAQ'S Coming GLOBAL Entrance ALL should Just FALL into Place...The USA Won't Lift these Restraints Until Iraq Enters their proper Position = GLOBALLY...Then We Will Probably see those FINAL Handcuffs Removed from IRAN...IMO.
4-17-2016 Newshound Guru firefly ...Iraq has obligations to meet and the IMF, Paris Accord and all the other agencies will NOT let them off the hook...period...end of story...they meeting in Washington right now with the IMF and WB and discussing matters to move forward with the reforms...
4-17-2016 Newshound Guru Kaperoni Article: "Finance Minister Looking in Washington, Iraq's debt and improve credit rating" Quote: "Iraqi government delegation headed by Finance Minister Hoshyar Zebari, who is visiting the US capital Washington, currently Iraq's debt and improve its credit ratings." Good stuff....discussed appropriate ways to enter the capital markets and obtain financial support.
4-17-2016 Newshound Guru firefly Imagine that, the IMF is moving forward regardless of what's in the media ..... How interesting.
4-17-2016 Newshound Guru wmawhite WOW! I just can't help being confused...I thought the sky was falling on us...but, I am confused. Are you saying that the IMF is continuing to have...Quote: "INTENSIVE TECHNICAL TALKS WITH IMF TEAM ON EXISTING PROGRAMS TO PROMOTE THE PROCESS OF THE FINANCIAL AND ECONOMIC REFORMS IN THE COUNTRY"?
4-17-2016 Newshound Guru Millionday THIS IS A HUGE CHANGE AND IS STIRRING A HUGE POT...IT IS RUMORED THAT CORRUPTION IS BEING DEALT WITH [TO] MAKE THE CHANGES IN IRAQ BETTER AND THE REFORMS MORE SUCCESSFUL --- THIS IS IMO AND SOME OTHERS BUT THE FIGHT DID HAPPEN --- THE INCLUSION OF KURDISTAN REPRESENTATIVES IS DUE TO THE HUGE DESIRE FOR THE REFORMS. THE US IS BACKING THE CHANGE BUT IT ALL IS PART OF THE CHANGES AND REFORMS IRAQ IS MAKING -- NOT A REASON FOR FIGHTING...IT GOING TO CHANGE A THING --- REFORMS ARE COMING. [post 2 of 2]
4-17-2016 Newshound Guru Millionday [...what do think about bbc and cnn say that civil war looks to be the future for iqra ON THE NEWS TODAY?] IT APPEARS THAT MANY ARE FIGHTING IN IRAQ BUT TO GUESS ON THE NEWS THAT IT LOOKS LIKE THAT IS POOR JOURNALISM IMO. THE VOTE FOR THE CABINET WAS TO TAKE PLACE ON TUESDAY --- IT DID NOT WORK OUT -- THEN CHANGED TO THURSDAY --- THEY GOT IN A FIGHT --- DID NOT WORK OUT. THE REASONING BEHIND IT IS SIMPLE...BUT A QUICK OPINION FROM READING ETC ...MANY THAT ARE BEING REMOVED BY VOTE HAVE BEEN IN OFFICE FOR A LONG TIME... [post 1 of 2....stay tuned]
4-16-2016 Intel/Newshound Guru Mnt Goat ...lets dismiss a rumor that the speaker of parliament was dismissed yesterday. No the speaker was not dismissed. We know who starts these rumors to stir up the people...these are MPs motivated by the National Alliance and Dowa party that are trying to stir up the situation. The house can not accept an unconstitutional mock parliamentary session and thus does not accept the resolution, where the speaker of the house is dismissed. Al-Jubouri himself said in a press statement: "The parliament will be held on Saturday 4/16 next regular session."
4-16-2016 Newshound Guru Kaperoni Article: "The World Bank suspended aid to Iraq due to the political crisis" Quote: "Head of the IMF mission in Iraq, Christian Gooch said that the fund is considering to suspend financial aid to the Iraqi government because of the confusion made in the House of Representatives." There it is...
4-16-2016 Newshound Guru wmawhite [ I think Maliki will try a military coup and if he succeeds he will become the new dictator...just my opinion.] Maliki already attempted a coup...the evening that Abadi was chosen to replace him...it never got off the ground because as today, except of the members of State of Law bloc, everybody else hates the man. [...what do you make of the news reports that Speaker Jubouri has been replaced by Janabi?] Reports were that parliament was not in session...instead, a roug group from the SoL staged a mock session to remove Jubori.
4-16-2016 Intel/Newshound Guru tman23 Kurds want their 20%...otherwise they have no place in the GOI...Abadi bends because he must go by the constitution...So then the Shia resistance get bent out of shape...But Kurds are not going to just up and leave until the territory borders are defined through article 140...
I say look at the region, the disputes, the financial situation...2 years and all the same...AND THIS IS WHAT CITIZENS CALL GOI PROSTHETICS...LAWS ETC MEAN NOTHING... LIFE HAS NOT CHANGED...IT IS GETTING WORSE...The hate, animosity runs centuries deep...it is not going to change because the IMF or WB has plans...
4-16-2016 Newshound Guru firefly Article: "Iraq participates in the World Economic Forum in Canada" So what the heck is Iraq doing attending all these World Economic forums?
4-16-2016 Newshound Guru Kaperoni Currency reform is not being held up by the CBI, we know this because Shabibi was ready over 3 years ago. What is holding reforms up is the lack of laws, cohesiveness in the new government, etc. When you have a government that is so dysfunctional as Iraq, if they attempt to reform the currency, the chances are great the dinar will fail. It has been said before, it really is a "one shot" opportunity to propel Iraq into the global marketplace. They need to get this right, so the currency appreciates, and the country prospers. Unfortunately, we have to watch these bafoons bang heads until they figure that out. There is nothing the CBI can do individually to fix these problems...but they can do their part...and that is write and submit the banking laws, initiate investment through loans, etc. In doing so, this gives some sense of solid ground to stand on once the decision is made.
4-16-2016 Newshound Guru Millionday [...can you give us/me what your thoughts about the news...on the goi fighting.] I THINK THAT IT IS NOT A RISK BY ANY MEANS -- THIS IS PRESSURE IMO TO MOVE FORWARD WITH REFORMS AND STOP DRAGGING FEET -- IT IS VERY DISCOURAGING TO MANY THAT THE CABINET COULD HAVE BEEN A HUGE HOLD UP AND SO MANY...WERE SCARED BY THE PAST SLOW PROCESSES --- I DON'T THINK THAT IT IS GOING TO HAPPEN OR THEY ARE AT RISK BUT I THINK THE PRESSURE WAS VERY IMPACTING.
4-16-2016 Newshound Guru tlm724 Article quote: "The information that we have received confirm that House Speaker Salim al-Jubouri wrote his resignation but did not offered formally so far," told you it would get ugly, doesn't matter if its true or not the people will hear about this and they will panic thinking its all falling apart...
4-16-2016 Intel/Newshound Guru Mnt Goat Did parliament vote on the cabinet reshuffle on Thursday? NO. Article: "VOTE ON CABINET MOVED FROM THURS (14TH) TO SAT (16TH)"
4-16-2016 Newshound Guru wmawhite [cnn...said maliki is still a power over there...he (has) power, people and money behind him to get back in power even if the usa disagrees.] If Maliki was growing stronger...then a 150 plus members of parliament would not have stayed overnight inside the parliament building demanding that parliament vote through the reforms as Abadi is asking for...if Maliki was growing stronger he would have no opposition to him. ...the IMF is moving forward...
4-16-2016 Newshound Guru Kaperoni Article quote: "...State of Law coalition led by former Prime Minister Nuri al - Maliki , a member of the «174 deputies out of 328, voted for the dismissal of Salim al - Jubouri and his two deputies from the presidency of the parliament, and they decided to elect MP Adnan al - Janabi , a President pro tempore», demanding al - Jubouri b «going to court Federal »to challenge his dismissal." It is pretty well known that political leaders/ blocks are trying to influence for personal reasons. They will do just about anything to stop reforms so they can continue in their ways. Nobody said this would be easy. These are thieves who are in political positions. Abadi's new "technocrats" if they ever get in the new cabinet positions, will soon have their hands out as well. Any chance of success with reforms has to happen quickly before they become corrupt and the process starts over again.
4-15-2016 Intel/Newshound Guru Holly1 ...its not bad news what is going on...they have not came this far to fail...and IMO...the higher wont let it fail...
4-15-2016 Newshound Guru firefly ...Dr. Shabibi...said to expect mass media propoganda when we near completion! I don't believe a blasted thing coming out of Iraq right now.
4-15-2016 Newshound Guru tlm724 Article: "A new law allows the government to banks to raise their capital to 750 billion Iraqi dinars" awesome...at least they are still working on the financial side of things. Article: "Government Banking Act supports the march of reforms" Quote: "...the preparation of the law is part of the restructuring of the banking sector requirements in accordance with the agreement signed between the Iraqi government and the international Monetary Fund and the World Bank..." thank God they are there!
4-15-2016 Newshound Guru rcookie UNITED NATIONS...WORLD BANK..IMF...WTO...EUROPEAN ORGANIZATION FOR ECONOMIC COOPERATION & DEVELOPMENT...INTERNATIONAL INSTITUTE OF FINANCE AND INTERNATIONAL CHAMBER OF COMMERCE...WORLD TRADE CENTER...PROVIDING ADVICE & SUPPORT TO IRAQ
4-15-2016 Intel/Newshound Guru Poppy3 WE WATCH AS CHANGES ARE BEING MADE DAILY. ITS A SLOW PROCESS THAT TOOK TIME TO PLACE SO MANY CORRUPTION IN PLACE AND IS TAKING TIME TO DISMANTLE IT. THINGS ALL MOVING FORWARD AND I TRULY THINK THEY WILL WORK THEIR WAY THROUGH THIS PROCESS AND SHOW US A RATE BY THE FIRST WEEK OF JULY AT THE LATEST. OVER THE LAST MONTH IT HAS BEEN OBVIOUS THEY HAVE HELP FROM EVERY FINANCIAL ORG IN THE WORLD ALL PUSHING THEM TO THE JUNE DEADLINE. LETS PRAY THEY AT LEAST GET CLOSE TO THEIR GOALS.
4-15-2016 Intel/Newshound Guru Mnt Goat We are beyond the mid March to mid April window for the RV. So we move on and I wait to see how they will strategize their next timeframe. ...I only hope you can all see using this last window as an example on how Iraq had an opportunity to advance and blew this opportunity once again by stalling on the (mandated) reforms and needed (mandated) legislation by political discontent. Two factions causing this discontent – National Alliance (in particular Dowa party) and Kurdistan. [post 2 of 2]
4-15-2016 Intel/Newshound Guru Mnt Goat In these last couple days the cabinet reshuffle has mounted to a political crisis that could explode if not handled correctly. It is being instigated by “you know who”. As these Maliki and his goons would luv to dissolve parliament, dismiss the three presidents, suspend the constitution and declare a state of emergency...this is probably the only drastic way that Maliki and his goons have in saving their skins and possibly getting back into any kind of power. I am sure they will work it all out in time. But time is scarce for them too... [post 1 of 2....stay tuned]
4-15-2016 Newshound Guru tlm724 Article quote: "It is scheduled that the House of Representatives held a crucial meeting on Thursday to file the ministerial cabin and vote on the candidates for the ministries." we will soon find out exactly how serious Iraq is about these reforms and saving their own country!
4-15-2016 Newshound Guru Islandg1211 IMO, simple saying, "Remember me? I'm back. When will I RV?, aaaaah, soooon," is certainly not a speech one would remember. Shabibi isn't exactly that dynamic either. However, explaining what a fiat currency system is and what an asset back currency is, would be historical. Giving the true foreign currency reserve numbers, gold, natural gas, oil, minerals and note count would certainly make Forex investors interested, while others would begin to wonder what's in their wallet. Who better to make that kind of speech than Dr. Shabibi? That speech would be more far reaching than even just coming out with a new rate. [post 2 of 2]
4-15-2016 Newshound Guru Islandg1211 I was wondering what Frank [Guru Frank26], team, and family thought would be contained in Dr. Shabibi's speech? We see these different sections of his plan coming out in the press that's giving the history and what has been done with the Monetary Reform. These articles are good to give the public the sense of and understanding of all the effort it has taken to just get here. Other articles have referred to needing a technocrat non-corrupt government and yet another article explained the need for oil prices to be set. These articles are certainly preparing the way for Shabibi's speech, by design. So, what is Shabibi, who will be the IMF's spokesperson in addition to the CBI's, going to say? [post 1 of 2....stay tuned]
4-15-2016 Intel/Newshound Guru tman23 There is outside influence that does not want the Abadi reforms...AND if you pay attention to coincidences... Everytime Iraq is close to taking that forward step there is a major event that rocks the boat...some call it "conspiracy theories"...We can pull up event after event of such things taking place...which logically can come to a conclusion that what ever the plan is for Iraq and the territories...there are some major powers that do not want it to take place...
4-15-2016 Newshound Guru Millionday [WE still on schedule for bonds to be sold Friday?] ACCORDING TO REPORTS I HAVE READ IT APPEARS AS WE ARE --- I SEE NOTHING HOLDING UP.
4-15-2016 Intel Guru Bruce A lot has occurred since yesterday...now $50K IQD available...not for us...it is for major transactions between banks and wealthy individuals. ...a lot of funds were moved into place so much so we cant even talk about it. A huge number. The positioning now...things can take place that couldn’t have before. Let just say it that way. ...events that happened in last 2 days have proven that we are at end. Christine Legarde said today the US been in the best shape it ever been in. All countries must RV by tomorrow [Friday]. This was announced on CNBC and other networks. ...everything is lined and and ready to go! We are where we need to be...we are in the exact moment.
4-14-2016 Intel/Newshound Guru tman23 According to PM’s updated list, no candidates have been proposed for the positions of Ministries of Culture, Finance and Economy, and Immigration and Displacement. The Kurds may be authorized to nominate their own candidates for these positions... SO NOTE THAT KURDS IN WASHINGTON AND WHO THEY ARE HOLDING MEETINGS WITH....THEN NOTE THAT ABADI NEW LIST HAS HELD OPEN THE MINISTER SPOT FOR IMMIGRATION AND DISPLACEMENT...FINANCE AND ECONOMY...MINISTER OF CULTURE... TIE THAT TO WASHINGTON MEETING AND KNOW THAT ABADI AND KURDS ARE ON SAME PAGE AS WASHINGTON IS EDUCATING THEM RIGHT NOW MEETING WITH THE EXACT GROUPS THAT ARE EDUCATED IN THESE 3 MINISTER POSITIONS... IF YOU GET MY POINT.
4-14-2016 Newshound Guru Islandg1211 Indonesia is prepared to join Vietnam, Iraq and Iran as the newly RVd currencies to join not only the WTO, but also the IMF's SDR basket to provide the needed value. Oil prices are finding their needed settled price this month to provide the bases for the "New Math" both inside the books of the CBI, Iraq's and the other ME countries' budgets, but also for the SDR. Trade deals and international business ventures with Iraq, Iran, Veitnam...are happening everyday. Even Canada wants in on their share of a "loan" to Iraq.
4-14-2016 Newshound Guru rcookie GOV'T BANKING ACT AWAITING SECOND READING AMENDMENTS BEFORE VOTE...THEY HAVE BEEN WORKING ON TE RESTRUCTURE & PRIVATIZATION SINCE 2008...SO TO PUT INTO PERSPECTIVE...THE CULMINATION OF THE RESTRUCTURE AND PRIVATIZING OF THESE BANKS HAS BEEN A 7-8 YEAR ARDUOUS PROJECT...NOT FLIPPING A SWITCH...BAM THEIR PRIVATE...THEY HAVE TO HAVE THE PRIVATE AND ISLAMIC BANKS ENGAGED TO DRIVE THE PRIVATE SECTOR BUSINESS....
4-14-2016 Newshound Guru wmawhite PM Abadi along with the help of the regional powers plus the US and the UK, is changing the culture of corruption and greed within the government and the financial institutions. The end for those "whales' is quickly approaching. Under Maliki we would have never of seen 140 plus members of parliament stage a sit-in inside the parliament building, not asking, but instead demanding a change in the government...which by the way, is in SUPPORT of the prime minister.
4-14-2016 Newshound Guru Millionday Article quote: "The seminar which was led by Vice Chairman of the Association management tempted dealt How important legislation government Banking Act at this time go through the restructuring of State - owned banks, particularly the countries of regional and international..." THE SEMINAR IS ALL ABOUT MOVING MONEY AND MANAGE THE PROCESS ACCORDING TO BANKING POLICY...THIS IS ALL TO MOVE TO COMPLIANCE AND ACCORDING TO INTERNATIONAL LAW. THIS IS THE PREPARATION FOR THE BANKING LAWS TO FIT THE REFORMS --- LAWS MUST ALL FIT IN THE TRANSITION --- THIS IS THE PROGRESS NEEDED FOR THE MARKET ECONOMY...THE ECONOMIC REALITY OF IRAQ...THIS ROCKS.
4-14-2016 Intel/Newshound Guru Backdoc ...AS WE SEE PIECES IN IRAQ FALL INTO PLACE I AM REMEMBERING STUDIES FROM A FEW YEARS AGO. THE IMF HAS THE RIGHT TO OVERRIDE A COUNTRY IF THEY FEEL IT NECESSARY TO DO SO. THE IMF IS ULTIMATELY IN CONTROL. ARE THINGS DONE IN IRAQ? WELL, WE KNOW THAT SOMETHING HISTORICAL WAS DONE THE SATURDAY BEFORE LAST! FINAL DETAILS ON A CABINET SEEM TO STILL BE IN QUESTION AND POSSIBLY 6 LAWS! SINCE THE PROGRESS SEEMS TO BE RAMPING UP TO WARP SPEED NOW, SCOTTY WILL HAVE TO BRING US OUT OF WARP SPEED TO LET DR. S'...TRIGGER MAN PUSH THE BUTTON...
4-14-2016 Newshound Guru Millionday Article quote: "The government is seeking through its document reform to promote the economy by granting loans to productive sectors to rotate the wheel of development in the country."
THE START OF THE FIRST STEPS TO BRING IRAQ TO ITS ECONOMIC REALITY --- LOANS ARE EXPECTED TO ENSURE SUCCESS IN THE STRATEGIES...THE LOANS TO REBUILD INDUSTRY WILL BE PART OF THE PROMOTION OF BANK USE...WORKING TOGETHER TO GET MORE "MADE IN IRAQ" IS A GREAT STRATEGY. Quote: "...the government first began its steps in order to activate the economic reality in Iraq." BRINGING THE IRAQI ECONOMY TO REALITY IS EXPECTED TO USE MANY SECTORS AND MARKETS (SALES).
...WHOOOPOW
4-14-2016 Newshound Guru rcookie [...In your opinion, does Abadi have enough support to prevail?] I BELIEVE HE DOES...BUT STATIC... DESPERATE ENVIRONMENT RIGHT NOW...
4-14-2016 Newshound/Intel Guru BGG Article quote: "A spokesman for al-Jubouri: The best solution now is to solve the Iraqi parliament and call for early elections..." there was some contingent (hard to say how big or small... )... in Parliament threatening an action to remove all three presidencies... (obviously the crooks trying to save their own skin)...and the three Presidencies - Fuad, Abadi and Jubouri - are meeting now talking over all options - to include dissolving Parliament and having early elections. This would likely be VERY bad for the crook contention as public view of them is very bad right now.
4-14-2016 Intel/Newshound Guru Mnt Goat Even they do not know of a solid committed timeframe. Iraq is constantly planning ahead and targeting however they can not meet these targets without the help from all involved. There are still many politicians who do not want progress in Iraq, as they see progress as too great of a change and they like their snug limited world of corruption as it stands today...you can see the enormous progress and the obstacles preventing the final conclusion to the mandated tasks at hand for Iraq...these are mandated tasks that must happen since the RV is a by-product and not really the main event. You have read the necessity to go international and why it is inevitable.
4-14-2016 Newshound Guru Kaperoni Maliki has done everything he can in the last few weeks to disrupt Abadi's reforms.
4-13-2016 Newshound Guru wmawhite What is happening in Iraq is not measured as a yes or no, or a on or off event. The issues concerning the GOI are changes for the future...changes that will ensure success years into the future. Iraq entering the global market place is happening now...right now in front of your eyes. And while it is happening they are also telling you it is happening...
4-13-2016 Newshound Guru Kaperoni Article: "Government withdraws $ 10 billion from the reserves of the Central Bank and the experts upheld as an economic catastrophe" If true, it also violates the CBI law and will effect foreign investment. Keeping the CBI independent is critical for foreign investment to come to Iraq. All we can do is watch this and see what comes of it.
4-13-2016 Intel/Newshound Guru Poppy3 CAN'T BELIEVE HOW MANY PEOPLE BELIEVE THE NEWS MEDIA THAT OIL PRICE IS CONTROLLING THIS? IT IS ONLY ONE SMALL FACTOR. I SUGGEST PEEPS BACK UP AND VIEW IRAQS ECONOMY FROM AFAR...SEE THE WHOLE EFFECT OF THE RATE OF DINAR ON THE WORLD?
4-13-2016 Intel/Newshound Guru tman23 Article quote: "...the Iraqi parliament session, which was attended by Prime Minister Haider al-Abadi chaos and altercations after the President of the Council's decision to postpone the vote on the new government formation to Thursday." No maybe on the vote... There was not going to be a vote today [Tuesday]...They said as much for a few days now...They also said Abadi would provide a new list...which he has...they also said he would set the date today for all ministers resignations... He also left 3 positions un-named which will go to the Kurds who will submit the names for the positions... News has reported Kurd delegation who met with Kerry now in Washington...and Biden has been working the phone between Abadi and Barzani...
4-13-2016 Newshound Guru Kaperoni We are looking for stability (official rate/market rate) so the CBI can exit the peg. As well, once investment begins, it will create inflationary pressure allowing the dinar to rise (and removing the zeros). Nothing will move until the laws are in place to support outside investment. We need to see parliament begin to pass more than just the amendment to the Investment Law.
4-13-2016 Newshound Guru tlm724 Article quote: "...the House will, today, an emergency session and submit a request to dismiss parliament, the presidency and other presidencies..." oh for petes sake...it's gonna get ugly for a hot a minute...There is for sure a power struggle going on...they gotta fight it out it's their MO.
4-13-2016 Newshound Guru wmawhite An RV/RI.change in value of the IQD...has nothing to do with the needed revenue for this year's budget. Those are two different issues.
4-13-2016 Newshound Guru Millionday SO MANY THINGS GOING ON WITH IRAQ...MEETING ON THE 17TH IS ALL ABOUT CURRENCY. I AM EXCITED TO SEE WHAT HAPPENS IN THE UPCOMING DAYS.
4-13-2016 Newshound Guru tlm724 Article: "The House of Representatives lifted on Tuesday, to its next Thursday; to vote on the new ministerial cabin." so they met, they argued and threw shoes etc... supposed to vote tomorrow...Thursday; to vote on the new ministerial cabin... I don't see any changes on the agenda but that doesn't matter at this point, they are a lil busy...
4-13-2016 Newshound Guru wmawhite changes are a coming...this is all being directed by the IMF. The CBI is getting out of the auction business...Soon, all currency will flow through the individual banks.
4-13-2016 Intel Guru Bruce Things have occurred in Southeast Asia, things occur in Iraq. Announcements have happened. Dealers were told in Iraq to stop yesterday, if continued they be arrested. Banks ready, more than ready. Redemption centers set up and ready to go. Money has moved, and continue to move in large quantities to prepare for this...this is nigh upon us...see how it unfolds.
4-13-2016 Newshound Guru Islandg1211 Shabibi has been talking for 12 days now. The press has gone over the history of the CBI, not only about Shabibi and Allak, but also why there was ever three zeroes - inflation in the 1970's. The articles have continued to go back over the Monetary Reform. These articles are like Shabibi's introduction for his acceptance speech. Does it make any sense for Shabibi to make a speech announcing his return to the CBI and his plan to RV soon? He needs to give a speech announcing the RV and why the increase in purchasing power and having an international currency is important to Iraq's recovery.
4-13-2016 Newshound Guru OOTW Article quote: "Iraqi parliament session saw today, which was attended by Prime Minister Haider al-Abadi, chaos and altercations after the postponement of the vote on the amendment next Thursday." I SUSPECT THAT THE SIGNING OF THE AGREEMENT RE REFORMS NEEDED TO BE ACCOMPLISHED PRIOR TO THE PRESENTATION AND SUBSEQUENT VOTE ON THE NEW TECHNOCRATS TO BE PLACED.
4-13-2016 Intel/Newshound Guru Poppy3 THEY CAN SET DEADLINES DAILY BUT UNTIL THEY ARE READY THEY LISTEN TO NO ONE. SO FAR THE IMF, WB, UNITED N [NATIONS], HAVE ALL ISSUED DEADLINES AND HOW HAS THAT WORKED SO FAR. ...WATCH THEIR ACTIONS AND FORGET THEIR WORDS...WE ARE GETTING GREAT NEWS NOW...SEEING SOME POSITIVE ACTION...THINGS ARE LOOKING BETTER DAILY...AT LEAST NOW THERE ARE FORWARD STEPS THAT ARE VERY ENCOURAGING.
4-13-2016 Newshound Guru Millionday Article quote: "the role of the legislature in support of the reform process and preserving the rights of the people." THEY ARE READY FOR THE NATIONAL REFORM...THE THREE PRESIDENTS SIGNED THE REFORM PACKAGES TODAY AS WELL...APPEARS THAT SUCCESS HAS BEEN REACHED IN MANY AREAS...WHOOOPOW. [When the reforms are put into the Gazette, how long before it is OFFICIAL?] WHEN THE REFORMS ARE PUT IN THE GAZZETTE -- THEY ARE LAW THEN.
4-12-2016 Intel/Newshound Guru Poppy3 ...IRAQ will do as they please and add value when they want. I AM OF THE OPINION THEY ARE READY AND ABOUT TO MOVE IN THE NEXT COUPLE MONTHS BUT ITS THEIR TIME TABLE NOT OURS...BEAUTY THING IS...IT IS HAPPENING...
4-12-2016 Intel Guru Frank26 Quote: "Forming a Government that satisfies all parties will lead to political stability and the effects where of one high exchange rate subject to change the value of the dinar is linked to the financial situation which will be determined by the price of oil in the next two months.” that is HUGE...that is saying that of course we use oil in budget and that is how we pay our bills and we are going to raise it...when...IMO it will be in June because in my opinion Iraq will take it up to the very last nanosecond...they do have the first half of 2016...and Iraq will not complete something on schedule...they will work it up to the very last second... [post 3 of 3]
4-12-2016 Intel Guru Frank26 We are doing all of this to prevent forgery...to prevent counterfeiting...all in order for Dr. Shabibi to come back...in order for the Monetary Reform to come back...why...because the opportunity is right...We have a currency that is going to be very powerful ...we have more reserves than we know what to do with...Meanwhile businesses and markets say the following...”It is an opportune time for the single currency rate in Iraq”...this has been our plan says Iraq and we’ve really been focusing on it the last few months. The IMF met with Iraq today...and they talked about many things...but it was mainly...99.99% about stability of a sovereign nation...it was about the plan that contained the new math... [post 2 of 3....stay tuned]
4-12-2016 Intel Guru Frank26 1.) We are looking for the resignation of the proxy governor for the Central Bank of Iraq...in my opinion….that documentation of resignation exists... 2.) We needed this reshuffled cabinet that belongs to Abadi to be shown to you...Dr. Shabibi no long hidden behind the cosmetics of...or the verbiage of “keywords"...when you see “keywords” it means Dr. Shabibi...it means Dr. Shabibi coming back at the helm of the CBI. 3.) LD’s are IMO being guarded in the Green Zone and IMO they electronically moved for a couple of months...have they been moved physically...here is what I would say...LD’s locked and loaded... 4.) ...we need this reshuffled cabinet that belongs to Abadi to be announced...So in my strong opinion...once you see Abadi announce to you...this is my cabinet...within nanoseconds you are going to see 1, 2, and 3... [post 1 of 3....stay tuned]
4-12-2016 Newshound Guru Stryker Things are moving quite fast now in Iraq when it comes to them complying with the Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding...There is so much going on it's hard to keep up with it all but more importantly how it all fits together...research got me to a point of understanding what was planned in 2003, where it all fits in today but not all the signs were there until now that they are all actually getting done.
4-12-2016 Intel Guru Bluwolf ...most ask themselves is this RV going to bear fruit...The answer...YES. When? That answer is just a turn of a key away.
4-12-2016 Newshound Guru Millionday [Dont they have the low denoms and coin ready to go, just have not released them yet?] IMO THEY DO AND BY WHAT I HAVE READ -- THEY ARE SAYING...HOW PROUD THEY ARE OF THE NEW CURRENCY THEY HAVE AND ALSO BRAGGING ABOUT HOW MUCH MORE SECURE IT IS -- SOUNDS LIKE THEY HAVE MADE THE DECISION IN CBI THAT IT IS TIME TO BRING IT OUT. [post 2 of 2]
4-12-2016 Newshound Guru Millionday Article quote: "Iraq today is working with the International Monetary Fund to adapt the economic reform programs since 2003, including monetary policy" THE CHANGE IN CURRENCY IS PART OF THE REFORMS ACCORDING TO THIS AND IRAQ IS FOLLOWING THE IMF COMPLIANCE. Quote: "...inflation has pushed for increasing the number of zeros of the currency, hence the re - currency to its former position of inflation by removing its effects have accepted the issue according to this standard..." THE PAST PRODUCED THE THREE ZERO CURRENCY --- THE RE-CURRENCY TO ITS FORMER POSITION >>> HUGE WHOOOPOW. ...THE DECISION TO HOLD ON TO THE SITUATION AS IT IS HAS CHANGED -- THE CURRRENCY MUST CHANGE. WHOOOPOW. [post 1 of 2....stay tuned]
4-12-2016 Newshound Guru Kaperoni ...no matter the rate, if they want citizens to use it, or have confidence in it, they must do everything possible to make the dinar desirable. Which IMO includes, banking insurance, clean/ crisp bills, maintaining the spread, minimize counterfeiting, and also raising the value at some point. Remember, Iraqi's want to use dinar over any other currency...they just have to believe in it.
7-12-2016 Newshound Guru tlm724 Article quote: "According to the agency "Bloomberg" international economic, Monday, that Iraq has increased its oil production to reach 4.55 million barrels per day last month." wow thats alot of oil and record setting! 4.55 million barrels per day *wolfwhistle*
4-12-2016 Newshound Guru rcookie Article quote: "...the Presidency of the Republic of Iraq on Monday signed a "document of national reform" by the three presidencies and political blocs..." THE NATIONAL REFORM DOCUMENT IS SIGNED...AND INCLUDES MECHANISM TO FORM NEW GOVERNMENT...NEWS OF RESIGNATIONS FROM MANY POLITICAL BLOCS INCLUDING SADRISTS...IT WAS ALSO SIGNED BY LEADERS OF POLITICAL BLOCS...AND SADR IS THERE...THIS IS COMPREHENSIVE ACCEPTANCE OF 3 PRESIDENTS AND POLITICAL BLOC HEADS OF THOSE NATIONAL REFORM TENETS...THIS DOCUMENT SIGNING AND LANGUAGE RELEASE IS ALL...ALL...ALL..OVER THE NEWS!
4-12-2016 Newshound/Intel Guru BGG FLASHBACK..."The Exchange Rate of Foreign Currency in Economic Feasibility Studies" THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.
4-12-2016 Intel/Newshound Guru Mnt Goat I am still hearing that arguments and resistance to changing over the minister of Finance Zarabari. We wait to see what happens this week. Over the weekend we heard that the National Coalition demanded the cancellation of the entire minister list submitted by Abadi last Thursday. Then the arguments began. Then shortly afterwards the 3 presidents declared a meeting with all the leaders of the political blocks. From this meeting they decided to allow more time time to submit their candidates since they did not take Abadi serious in this effort from the beginning and were reluctant to take any action of his mandate for a technocratic govt. Article quote: “MP for the coalition of Iraqi forces Abdel Azim Ajman, on Monday, that the House of Representatives will vote next Thursday” So the recent news today is they will postpone the voting on the new cabinet until Thursday’s session of parliament. Seems they need a couple more days to allow the parties to submit their candidates and sort out this mess.
7-12-2016 Newshound Guru tlm724 Article: "Iraqi Central Bank announced on Monday the launch of government bonds worth 1.5 trillion dinars middle of this month." Iraqi Central Bank announced on Monday the launch of government bonds worth 1.5 trillion dinars middle of this month...will launch national bonds in Iraqi dinars on behalf of the Ministry of Finance in nominal terms on the 15th of this month and ends on the fourth of next May...these bonds serve a few purposes, allows the people to make a lil interest on their investment, increases liquidity and most importantly it brings the dinars in off the street, I like it.
4-11-2016 Newshound Guru wmawhite I believe that [Guru] rcookie is correct when he describes this event as NOT being an "on/off switch".... but, instead, I see this event more as a rheostat. Iraq's move into the economy world market is being spoon fed...in larger and larger amounts. I do not believe that we will see a daily schedule titled "Iraq's Schedule For Tuesday's Move Into The Economy Market." This move is on-going...has been on-going...and IMO is well along it's path within the Middle East.
4-11-2016 Newshound Guru Kaperoni So when the laws are in place, and investors begin to come into Iraq, we will see the CBI make a change from the peg to the float. I may be off on the timing, but I am pretty sure that is how this will go down. One IMF document...in particular expresses the importance of the change just before the influx of capital so as not to be reacting or caught trying to defend the inflationary pressure created and be a more reactionary policy. That to me is encouraging that the CBI could yet take action this year if the conditions are set in place. [post 2 of 2]
4-11-2016 Newshound Guru Kaperoni I don't believe the decision to raise the value is as simple as someone deciding to do so. As I have stated from many IMF documents, the intent appears to be to let the dinar rise as a tool to counter inflationary pressure created by the initiation and development of a market economy. Just like the first rise, where Shabibi took it from about 3000 to $1 down to 1166 as a result of the growth of the oil industry reducing inflation from about 30% to 4%, I expect the remainder will be part of a process that occurs exactly like the IMF stated in the 2013 Article IV Consultation. [post 1 of 2....stay tuned]
4-11-2016 Intel/Newshound Guru Mnt Goat 1. The current economic crisis makes it almost imperative to take action now. 2. More auditing practices are now in place in the Abadi government making it clearly more difficult to hide corruption. Most of it is now being exposed even going back to the past Maliki admin. 3. Iraq is now in a better political position where reforms are able address the corruption. 4. Grantors of foreign loans, to help Iraq through its financial crisis, would be more resistant to giving loans without the reforms on corruption since where would their loans go? 5. Investors coming to Iraq need a SAFE political and financial environment to conduct business. We all know an international dinar is coming soon. [post 2 of 2]
4-11-2016 Intel/Newshound Guru Mnt Goat I keep getting asked why is there this all out effort by Iraq and the international community to rid Iraq of corruption? Why now? Like I said it is not all about the RV of the dinar. The RV is by-product of all the efforts to stop corruption, bring more security to Iraq, fix the financial and banking systems, the necessity to go international, join the WTO etc… We only think it is all about this investment because we are investors and stand to make a huge gain when they do RV. The answer then to this question as I can conclude is many faceted: [post 1 of 2....stay tuned]
4-11-2016 Newshound Guru wmawhite the information that we continue to post day after day from such entities as the IMF, WB the CBI...none of those folks state that they are speculating. Instead, these entities are very to the point as to what they are intending to achieve.
4-11-2016 Newshound Guru Islandg1211 We are watching Vietnam, Iran, and Iraq all go through the same steps outlined by the IMF...Inflation lowered, debt restructured, 2% compliment, privatize banks, new currency with security features, single national currency usage, ready to RV. Will the reforms be delayed? ...time is up for all the corrupt politicians and terrorists in Iraq that would try to delay the reforms. The monetary reform is a planned and wanted change by the PTB and the IMF. The IMF prefers April to RV countries. Yes, this is My opinion...the monetary reform globally isn't going to be delayed in Iraq or elsewhere any longer.
4-11-2016 Newshound Guru rcookie SOOOOOO MUCH BOND ACTIVITY GOING ON...THE APRIL AUCTION OFFER ON 20TH WHICH IS THE 3RD OF 11 OFFERINGS...THE PENDING $2 BILLION EUROBOND LAUNCH IN JUNE...AND THE ANNOUNCEMENT OF BONDS BEING OFFERED THROUGH THE ISX!!!...BOULYAAAAAAH!!! ALL OF THE BOND ACTIVITY IS EXTREMELY EXCITING AND IMPORTANT BECAUSE IT IS AGAIN...EXECUTION OF BUDGET ACTIONS...AND THE BOND MARKETS AND INSTRUMENTS ARE AN IMPORTANT PART OF A NASCENT MARKET THAT IS IN ITS INFANCY STAGE...WITH HOPES OF ECONOMIC GROWTH... [post 2 of 2]
4-11-2016 Newshound Guru rcookie Article quote: " a cell of the financial crisis, headed by the prime minister and approved the proposal of the central bank to issue government bonds for the payment of contractors and suppliers of state institutions." THESE BONDS WILL BE AVAILABLE TO CITIZENS AT NEWLY RESTRUCTURED BANKS THAT NOW OFFER 1 STOP SHOPPING BANKING SERVICES...GENERAL BANKING...LOANS... STOCKS...BONDS...AND CURRENCY AUCTION WINDOWS...OPENING THROUGHOUT IRAQ... [post 1 of 2....stay tuned]
4-11-2016 Intel/Newshound Guru Mnt Goat So the big questions we all want to know is - Can they vote on the new cabinet in time to avoid another mass demonstration...Or will they delay the process longer and we will have to wait longer for them to get the GOI fully formed? Article quote: “the chairman of the parliament confirmed that it would call for an emergency session Saturday or Sunday if completed the political blocs and the elves charged with studying the biographies of the candidates for the purpose of voting on the cabin ministerial ". So it seems they still fully intend to meet the Monday 4/11 (the 10 day period) deadline to ratify the new ministers.
4-11-2016 Newshound/Intel Guru BGG Article: "A political source: political blocs Abadi handed the names of candidates for ministerial positions" Quote: "Received Prime Minister Haider al - Abadi, on Saturday, the political blocs nominations for ministerial positions on the basis of variety 'technocrats'." Abadi has made his choices for GOI posts public today...these "poltical thugs" haven't given up on "the old way" just yet...in spite of Kerry, the WB, the IMF, the UN - and everyone else you can think of being there in support of real reform. Abadi has MAJOR support...Abadi has the right to do what he's doing... not only that - he has the broad based world support too!!
4-11-2016 Newshound Guru OOTW TODAY WE HAVE GOOD NEWS FROM THE INTEGRITY COMMISSION - THEY'LL BE WORKING WITH THE UN AT AN "INTERNATIONAL" LEVEL TO REVIEW CORRUPTION FILES...
4-10-2016 Newshound Guru rcookie "Forming a government that satisfies all parties will lead to political stability and the effects wear off one high exchange rate...subject to change the value of the dinar is linked to the financial situation , which will be determined by the price of oil in the next two months..." STABILITY = CONFIDENCE = HIGH EXCHANGE RATE SUBJECT TO CHANGE VALUE OF DINAR.
4-10-2016 Newshound/Intel Guru BGG "Forming a government that satisfies all parties will lead to political stability and the effects wear off one high exchange rate...subject to change the value of the dinar is linked to the financial situation , which will be determined by the price of oil in the next two months..." Big news out this AM...sounds like Iraqi insiders are alluding to something happening with the value of the Dinar within the next two months...
4-10-2016 Newshound Guru rcookie Article quote: "general amnesty law and the law of accountability and justice will be voted on them in the parliament , " adding that "this vote will come within the parliamentary reforms." FEDERAL COURT....AMNESTY...DEBAAATH LAW ALL IN 1 BASKET RESOLVES IN PARLIAMENT REFORM PACKAGE...BOULYAAAAAAAH!!!
4-10-2016 Newshound Guru wmawhite The GOI reshuffle is for two purposes...one...putting experts in the ministries in order to rebuild Iraq and two, changing the culture of greed...of stealing from the government just because you were entitled to the position.
4-10-2016 Intel/Newshound Guru Poppy3 you will see A NEW RATE IN JULY...REMEMBER THEY SAID THE FIRST HALF OF 2016 AND WHERE... MYSELF INCLUDED...HAVE BEEN PLANNING ON THE FIRST OF JUNE THEY HAVE BEEN TARGETING JULY OR THE LAST WEEK OF THE FIRST HALF. NOW RUMOR HAS IT THEY ARE MAKING MANY PLANS FOR SEVERAL CHANGES AT ONE TIME THE FIRST WEEK OF JULY. NOW BEFORE WE QUESTION THIS POST...ANSWER ONE QUESTION...HAVE THEY EVER ONCE DONE ANYTHING ON TIME? NEVER HAVE THEY EVER FINISHED ANYTHING ACCORDING TO IMF, UN, WORLD BANK... NEVER...THEY HAVE NEVER IN 12 YEARS MET ANY OF THEIR...DEADLINES ON TIME. I BELIEVE WE...RELAX TILL THE END OF JUNE...THEN GET EXCITED OF POSSIBILITIES IN THAT TIME PERIOD.
4-10-2016 Newshound Guru wmawhite ...no where is there a statement from the CBI concerning the international value/rate of the IQD being determined by the price of oil over the next to [two?] months... nowhere...whenever the CBI, GOI Parliament Finance speak about the price of the IQD...they are speaking about the street price. The IQD, as of today, does not have an exchange rate, an international exchange rate. Instead, it has an artificially imposed buy/sell value. Here is why they speak about the price of oil affecting the price of the IQD: ...the GOI sells the oil. They receive payment from around the world in USD. The GOI then takes the USD and sells it to the CBI for IQD. The CBI turns around and sells the USD to the banks for...guess what? IQD. This is what that statement is referring to. What we are looking for...is different...and they will not be advertising the details in advance.
4-10-2016 Intel/Newshound Guru Mnt Goat As we know they only had 10 days to conclude this technocratic govt - tic toc only days away. ...these reforms should be of no surprise to anyone. Abadi it not doing them to be a nice guy. He is doing them because the UN and the USA wants a “fully seated” and “fully functional” government (as well as other mandates) prior to any RV...Folks its not all about the RV. The RV is a by-product of the process and the process is fulfilling the necessary mandates...the CBI is going to come right out and communicate it to us in the news media when the time is ready to move to article 8 (thus begin the RV process).
4-9-2016 Newshound Guru wmawhite ...the world has already been told numerous times by numerous entities that Iraq is in the process of entering the economy market...not by me but, instead by the CBI, GOI, Parliament, IMF, WB. etc. ...IMO we are at the point in this investment that we are trying to understand how this will manifest itself. As one of your researchers has stated before, this is not an on/off switch investment.
4-9-2016 Newshound Guru Tlar Article quote: "The Prime Minister Haider al-Abadi, ladder, on Thursday (31st March 2016), the new government formation to the President of the House of Representatives, Saleem al-Jubouri, a closed envelope, while the parliament voted to give confidence to the candidates within ten days." It looks as though next week will be the turning point for Iraq as the technocrats should be voted in.
4-9-2015 Newshound Guru Mike It's just an opinion, but in its current status, the dinars worth 1275-$1. However, if they move to Aticle VIII and move to an open market economy, the dinars value should be significantly higher.
4-9-2016 Newshound Guru wmawhite ...why is there this all out effort by Iraqis and the international community to rid their country of corruption? Why now? the answer: ....as another investor told me who happens to be a banker...because it is time...there is no other reason why...because it is time to do it. And you can see evidence of this from the CBI, GOI, Parliament, the IMF and WB.
4-9-2016 Intel/Newshound Guru Poppy3 [...US Secretary of State John Kerry met at the US embassy building in Baghdad delegation of the Kurdistan region, headed by the Prime Minster Nechirvan Barzani and the new Kerry during the meeting support for the province of Peshmerga forces...] Kerry...FOR WHAT HIS WORDS ARE WORTH...HE PRAISED IRAQ'S PROGRESS IN MANY AREAS AND TOLD THE PEOPLE OF IRAQ TO BE PROUD AS THEY ARE ABOUT TO RE-ENTER THE GLOBAL ECONOMY. HE HAS TONS OF DIGNATARIES WITH HIM FROM OTHER COUNTRIES. RUMOR SAYS THEY HAVE PROMISED THE PROTESTORS AND ARE HANDING THEM A 50 DINAR BILL TO GET THEM TO STOP THE PROTEST FURTHER. MOST WHERE ACCEPTING IT AND LEAVING . TIME WILL TELL ARE THEY READY OR NOT.
4-9-2016 Newshound Guru Millionday [did iran change value today? i had seen a report of its value against iraq and the dollar.] THEY HAVE A PLANNED PARTY ON THE IRAN AND IRAQI BORDER WITHOUT VISA RESTRICTIONS TO CELEBRATE TRADE. IMO --- THE MANY THINGS GOING ON ARE AMAZING DUE TO THE TIMELINE...
4-8-2016 Newshoud Guru firefly "Design and implement an Integrated Financial Management Information System (IFMIS) with the assistance of the World Bank; as a first step, adopt, by end-April 2016, a road map detailing its core functional requirements..." ...adopt, by end-April 2016...IMF's words, not mine. I'm not giving dates/deadlines...IMF and Iraq is! A country has to send the IMF a letter of intent prior for approval...Which then goes to the BIS for the seal of approval...The BIS then informs the IMF. IMF stated that Iraq WILL join the global economy during the 1st half of 2016. Actual wording was...The global market...Sounds good to me.
4-8-2016 Newshound Guru Millionday Article quote: "(Declaration ) of the Central Bank of Iraq will launch national bonds ( nominal ) in Iraqi dinars ( on behalf of the Ministry of Finance) in nominal terms on 2016 / 3 / 15 and ending in 2016 / 4 /14 Bosaddarah of five categories" IN MY OPINION --- IT WOULD BE ECONOMIC SUICIDE FOR A BOND TO BE ISSUED AND THE SECURITY MARKET TO RAISE IN VALUE A LOT. [is it possible to see a rise in the value of the dinar during the life of these bonds?] IT IS POSSIBLE TO SEE A RISE IN VALUE AT ANYTIME IMO.
4-8-2016 Intel/Newshound Guru Mnt Goat ...there has NOT been a reinstatement or a revaluation occurred as of yet. The lower denominations still sit at the state banks and in the USA embassy awaiting instructions but have not yet been launched. We still also wait for news of the CBI and its new technocratic leadership. I feel this may come at or around the same time as the cabinet reshuffle of Abadi next week. I am optimistic that Iraq is still moving in the direction of their target of mid March to mid April for a window of opportunity to begin the deletion of the zeros project once again. We know the RV would soon follow afterwards. I am hearing nothing but good news from Iraq. [post 2 of 2]
4-8-2016 Intel/Newshound Guru Mnt Goat Last weekend I checked in with my CBI contact in Iraq and I brought you good news from these folks... So we all have the basic plan and outline of what is about to happen next week. We all should know the pieces to this recent puzzle we are trying to see. There is not much we can do now but pray...this plan all comes together very soon and on time. ...the CBI will guide us along the way to any significant value change in the currency and when it does happen you WILL know about it and it will NOT be secret. [post 1 of 2....stay tuned]
4-8-2016 Newshound Guru Millionday Article: "The US-MENA PSD (in accordance with the IMF- World Bank Spring meetings) New York - USA /NYFED 18 of April...Union of Arab Banks US-MENA Banking Dialogue Conference Hosted by the Federal Reserve Bank of New York, April 18th 2016" WE HAD A REPORT THAT THE IMF IS URGING ALL EMERGING ECONOMIES TO GET REFORMS COMPLETE BY APRIL 14TH-15TH BEFORE THE WASHINGTON MEETING -- (HOWEVER THERE ARE MORE THAN ONE WASHINGTON MEETING)... WHOOOPOW.
4-8-2016 Newshound Guru Kaperoni Article: "Hatim George Hatim *: the stability of the Iraqi dinar against the dollar: Is it really necessary development" ...the CBI needs to have stability of the dinar which includes the spread. This not only builds confidence in the citizens to use the dinar, the banking system, but meets the IMF conditions set forth to advance the banking system in Article VIII. Shabibi did such an amazing job holding compliance for 11 straight months within 2% considering the conditions. As this article talks about "stabilizing domestic prices" which is exactly the concept of maintaining 2% or less spread. So we wait while they learn all over again.
4-8-2016 Newshound Guru firefly The IMF stated Iraq will enter the global markets by the 1st half of 2016! And the loans begin in june? I don't do dates but I'm VERY excited by FACTS!
4-8-2016 Newshound Guru Stryker Article 78 of the Iraqi Constitution gives Prime Minister Abadi the right to replace any of his ministers with whomever he wants without any political bloc's interference, as long as he has the consent of the Council of Representatives.
4-8-20216 Intel Guru Bruce ...THE FEELING WAS VERY STRONG FOR THIS TO GO THROUGH TUESDAY NIGHT. WE ARE READY ON ALOT OF PERSPECTIVES, BUT IT LOOKS LIKE A FEW THINGS STILL NEED LOOKING INTO... PROBABLY SECURITY ISSUES. WHEN THIS THING IS DESIGNED TO GO, IT WILL STAY IN PLACE. AND NOT BE INTERRUPTED...WHEN WE LEAST EXPECT IT, IT WILL SURFACE. IT IS COMING... I KNOW IT IS ON IT'S WAY. LET'S JUST LET IT HAPPEN, WHEN IT HAPPENS.
4-8-2016 Newshound Guru Kaperoni ...Iraqi is not a country of rules, in fact far from it. And it is those lack of rules that is holding up investors. Despite [those] who say Shabibi is still there, or in charge etc. ...He is not. He has been gone for a few years and retired. He may comment, he may come to economic events in other countries, but he is not part of the CBI. He is like 74 years old now...I doubt he...wants to participate in the mess in Iraq...especially as long as Maliki still hangs his hat there. Just to be clear, until parliament or Abadi changes it, Ali al-Allaq is the CBI Governor...
4-7-2016 Newshound Guru firefly Article: "Iraq to set oil price at $32 in 2016 budget" Quote: "Iraq plans to lower the oil price forecast in its 2016 budget to about $32 a barrel from $45, widening its fiscal deficit by several billion dollars, the International Monetary Fund (IMF) and a senior government official told Reuters." The revised budget, which has not been finalized, is part of Iraq's negotiations for a standby agreement (SBA) with the IMF, the official added. The SBA financing could be approved as early as June. Interesting timing according to the IMF statement of Iraq joining the Global Markets by the 1st half of 2016!
4-7-2016 Newshound Guru Mountainman The HISTORY of De La RUE...And Their {PRINTING DEALS}...Around the (TIME FRAME) of Executive Order #13303...W/Iraq's DINAR being Printed Shortly thereafter!!!...ALL is ALWAYS {PLANNED} in Advance Prior to it's Implementation...{THINGS}...Have "BEEN" ...Shall We say, In the WORKS...and WHAT a DEAL they Made...Hmmm.
4-7-2016 Intel Guru Frank26 I also want you to know that our technocrats are there...and we’ve been there for a while...our technocrats from DC are in Iraq...these guys are making sure that Abadi gets his reforms done....they are not going to allow Abadi to fail...He’s got everything that he needs...and there is tons of news coming out trying to tell you that...he got every reform he wanted...one of the reforms is the Monetary Reform...it is our strongest opinion that Dr. Shabibi will be returning to the helm of the CBI...taking hold of that wheel and with his other hand pointing to the Iraqi people and the international world saying...look we laid the ground work for the RI with the IMF for...many years...our RI is complete...and the RV is about to kick in… [post 2 of 2]
4-7-2016 Intel Guru Frank26 Abadi how long have you been telling us about the technocrats and your Cabinet...done...long time ago...ancient history...so what is going...let’s just say they are putting all these pieces together so they can officially come out with a GOI parliamentary structure that says...here we are...along with the Cabinet that represents the leadership of this government...Abadi the Prime Minister...change the direction of the Cabinet...change the direction of Parliament... mission accomplished sir...our TEAMS are focused on one thing...that is the three parts that create the structure of the Monetary Reform of the Iraqi dinar. I am very seriously looking for it this week...very seriously looking for it in the middle of this month...IMO... [post 1 of 2....stay tuned]
4-7-2016 Intel/Newshound Guru Mnt Goat Article quote: "The Parliament Speaker Salim al-Jubouri called, in the (April 2, 2016), the parliamentary blocs to take its role in the study of names provided by the Prime Minister Haider al-Abadi to fill ministerial posts in the new government..." ...we now see some progress as the ball is in the court of parliament to review and ratify the candidates presented to them last Thursday by Abadi. Sadr has stated they have a deadline of 10 days to review them. This puts us to 4/10, next Monday for completion of this mandate. Having said that I fully and strongly believe the next move by Sadr after the cabinet reshuffle in done will be to go after all those politicians who have corruption files on them that are now frozen (confined) in the green zone. Nori al-Maliki and his goons being on the top of his list. This seems the only way these criminals can be brought to justice in the current political situation. Iraq does not have years to play around with all the reforms they need to make. The IMF, WTO and World Bank wants to move this country forward and do it now.
4-7-2016 Newshound Guru mike [...realizing that oil prices have dropped and that is hurting the oil-producers economies, does anyone want to take a stab at what the dinar should be worth today versus the dollar? Even with it pegged versus a basket of currencies?] That's a tough question... We all know that in order for a currency to have real value you need stability, security and a half way decent economy. Iraq doesn't have very much of either right now. The next step would be to compare rates for those in the region and other oil producing countries, who's currencies have lost value because of the price of oil. At this point, I couldn't even guess what a "correction" to the dinar might be. [What we do know is a correction to the dinar sure ain't 1182.] Agreed...
4-7-2016 Newshound Guru Stryker The IMF Staff continues their monitoring of progress under their Memorandum of Understanding and has stated that the government is doing its part on financial and economic reforms. Three out of the five items were achieved by the end of 2015 with other outlined reform measures will underway.
Read more: http://www.dinarguru.com/#ixzz46HOOYbdr