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2-2-2015   Intel Guru TNT Tony   [via Adept1]   Today on Iraqi television, the CBI announced it was done and they would reinstate (RI) on the first of the month.  We saw the same announcement in December.  Over the weekend, the CBI and GOI said they were ready to initiate the currency reforms. They have specific days and times when they want to do this.   They have picked three firm dates when THEY would like to do it...  They are not seeing any issues;  they are just waiting for one person in Iraq to say that he is happy for it to go.  Parliament and the Iraqi President have all signed off, and now we are just waiting for that one person to let it go in-country.

2-2-2015   Intel Guru DC   [via Adept1]   According to all our sources, we are just waiting on punch items and timing strategies.  On television they are still running “economic reform any time” as they have for the last few weeks. The US said that “we are ready, everyone is in lockdown”.   Bankers are ready to go, but keeping the time as quiet as possible.  Nothing will happen until the CBI and PM Abadi both say Go.   Everybody’s ready.  The worst case is we are not in the bank, but everything is lined up in Iraq and in the US.

2-2-2015   Intel Guru Mnt Goat   Does placing the budget in the Gazette (their law library) automatically cause it to be implemented?  Technically the answer to this question is – YES. This is how it is supposed to work. However they have already taken many laws in the past and posted them in the Gazette only to implement them months later. If we do not see some re-pricing of the dinar very soon – like this week sometime we know the CBI is having issues with establishing the value they need for the currency and they will not revalue until the economy of Iraq is re-positioned to do so.  Al-Abadi along with the CBI have to make a decision soon on when to RV this currency. I believe this decision has already been made weeks ago and we are now in the final countdown window now that the budget is truly done. [post 2 of 2]

2-2-2015   Intel Guru Mnt Goat   Very, very interesting articles coming out of Iraq now in the aftermath of last week’s historical passing of the 2015 Budget Law.  We all should know by now that when they do begin to spend the 2015 budget they will need to fund it somehow. They will have to have an international currency to meet their international obligations. There is no way around it.  Can they ratify the budget and then just sit on it?  Yes they certainly can do this. They have done this with countless other laws already. Things are now different and moving along. There is a whole “package” of laws they are sitting on.  They are all related and interconnected with the implementation of the budget law and so we can expect them all to be released about the same time frame. [post 1 of 2....stay tuned]

2-2-2015   Newshound Guru Aggiedad  House of Representatives sends the budget to the presidency for approval...  The budget was sent to President Masum for approval/signature....doesn't say when.....and he has 15 to sign.....THEN it will appear in the Gazette....sounds like within a week of President Masum signing....but NO specific DATES are given on either the signing or the publication in the Gazette....trust me it will happen.....sooner than later.  Budget to the Presidency for approval within 15 days...More proof that the budget was sent to President Masum TODAY for his signature.....otherwise after 15 days the budget becomes valid on its own.

2-2-2015  Newshound Guru Aggiedad77   Iraq is proving it can stand on its own feet and conduct business like a country emerging from under one crisis after another.....a country that has broken the chains of one dictator....and voted down a second wannabe.....throwing corruption out on its ear...Its time for them to be heard....loud and clear as a world leader...they seek speed in processing new laws...watch what happens in the coming days...Watch in amazement as they start to do what others believed undoable...the BEST is yet to come.

2-2-2014  Newshound Guru American Contractor  The Iraqi government, Central Bank of Iraq (CBI) and the Parliament Economic Committee have all agreed to limit the dollar auctions to 75 million per day.  The government wants to limit the capital flight of hard currency (USD) to their neighboring countries and criminal gangs.  The Iraq 2015 Federal Budget paragraph 50 outlined the guidance to limit the currency auctions by the Central Bank.  It is not a law, as some would have you believe.  The restrictions on the currency possibly for one month, and then they will evaluate the conditions on the ground. I would expect the IQD exchange rate to be very fluid for the month of February 2015.  When you limit the sale of USD, the IQD decreases in value because there is more Iraqi dinar in the market.

2-2-2015   Newshound Guru Millionday   THE SITUATION IS TO THE POINT THAT ALL OF WHAT IS GOING TO HAPPEN IS GOING TO --- THEY ARE IN A CORNER THAT REQUIRES THEM TO MOVE FORWARD WITH REFORMS --- TRADE -- ISX-- AND MARKET ECONOMY --- WHAT IS GOING TO HAPPEN WILL HAVE TO REVEAL ITSELF.

2-2-2015  Newshound Guru Tlar   We know that tariffs and taxes have been on the table since 2010.  They were voted in but never enacted because Maliki never wanted the CBI to have them...Without these tools there can be no RV… This budget approves and implements these tools and it has been pretty much understood that these tools are draconian without an improvement in the exchange rate.   It all starts with an RV and taking the currency international but as we see they have laid the groundwork and all those little pieces necessary to insure success have been done, some recently, some months and years ago.  THIS BUDGET JUST SUPPLIED THE TOOLS THE CBI HAS NEEDED AND FOUGHT FOR SINCE 2010. [Post 2 of 2]

2-2-2015  Newshound Guru Stryker  As we know the budget was approved last Thursday (29th) but under the constitution and according to page 118 of the budget the law is implemented if 15 days have elapsed after the COR (House of Reps) has transferred the law to the president.  QUOTE: pg 118 The Iraq Budget Process Under the constitution, the budget law is considered automatically ratified (implemented) if 15 days have elapsed after the COR (House of Reps) has transferred the law to the president... After the Budget has been adopted then the Economic Reforms can be implemented…Where Are They Now: They are in the process of transferring the budget to the President now…Bottom line, no rate change today, we will not see the change in monetary system until the process is completed.  We need to watch for when the President receives the budget and then 15 days from there should give us a better understanding of when we could see the first sign of REFORM…Please keep in mind that this is new to all of us and to the country of Iraq, when you research the facts you sometimes realize that there are more stones that need turned over before you find the gold, or in our case, the RV.

2-2-2015   Newshound Guru Tlar   WHY IS THIS BUDGET SO IMPORTANT? There are two more steps in the budget.  They debated it already.  They voted yes on it already.  Mausum signed it into law already.  Next they will publish it in the Gazette it and lastly, they will start to disperse funds to the ministries.  If there is to be monetary change (RV) this year, IMO it should come before they start to disperse the monies meaning we are close.  If they don't RV the currency this year it is my opinion they will hurt their economy because taxes, tariffs and raises in electricity will not be counter balanced and it will be punitive to the citizens.  Taxes and tariffs and unpegging from the program rate are the tools the CBI needs to control the exchange rate and inflation in a new monetary regime.  [Post 1 of 2 stay tuned for the rest of the story]

2-2-2015   Newshound Guru sczin11  THE CBI APPEARS TO BE " BREAKING THE LAW" ALREADY...TODAY THEY BROKE THEIR OWN LAW, JUST PASSED LAST THURSDAY AS PART OF THE BUDGET...  SO WHY YESTERDAY, JUST UNDER THE CAP? WHAT A GAME...MORE IMPORTANT, OR NOT, THE MARKET RATE IS HIGHER THAN I CAN EVER REMEMBER...MARKET RATE 1250!! THE LAST TIME MARKET RATE WAS IN THIS VICINITY, WAS JUNE, 2013...RIGHT BEFORE THEY WERE RELEASED FROM CHAPTER 7!   [isn't Cbi independent. do they have to abide by the 75 million?] THEY HAVE TO ABIDE BY ANY "LAW" ESTABLISHED BY THEIR GOVT...THE GOVT STILL CONTROLS ADMIN AND OTHER PARTS OF THE CBI, ALTHOUGH THEY ARE DEFINED AS AUTONOMOUS AND THE GOVT MUST BE INVOLVED IN MONETARY POLICY AS WELL ..THAT IS IN CONSTITUTION.    [Reference Stryker post 1-29-2015 for Auction Cap information.]  

DETAILS NOTES:
Number of banks 22
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ -----
Amount sold at auction price (US$) 91,724,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 91,724,000
Total offers for selling (US$) -----

2-2-2015   Newshound Guru Millionday   THE LAW (HCL) IS IN PARLIAMENT... REMEMBER THAT THE HYDRO CARBON LAW IS AGREED UPON AND...THEY ARE SAYING THAT MOST INVESTORS WANT TO INVEST IN THE OIL SIDE OF THINGS AND ARE WAITING FOR THE LAW TO BE IN PLACE  -- DUE TO THE IRAQI OIL COMPANY.  THE OIL LAW PUTS THE IRAQ OIL COMPANY BACK IN BUSINESS WITH THE GLOBE AND EXPORTING ETC. [When will they vote on the HCL and the Article 140 in Parliament?] THEY ARE EXPECTED THIS WEEK -- THEY HAVE SOME REPORTS OUT THAT THEY ARE ON HOLIDAY BUT WE DONT EXPECT ANYTHING ON HOLD DUE TO THAT...

2-2-2015   Newshound Guru Aggiedad77   Article:  "Kurdish MP in Baghdad: Erbil – Baghdad Oil Issue Resolved Commission on oil and energy: the oil agreement between Baghdad and Erbil entered into force"    The Kurds are happy...they have a signed agreement that is now part of the budget for 2015...forthcoming from the COM and oil commission joint committee will be a completely re-written oil and gas law...PM Abadi is expecting total cooperation not only in the draft of this law....but swift and speedy passage within Parliament...He has the attention of all who are drafting this effort...and through Speaker of Parliament Jubouri all members of Parliament as to the seriousness and need for speed on this issue...I'm wondering...can we possibly see this happen by the 12th...

2-2-2015   Newshound Guru Enorrste   I speculate that either Abadi or the CBI, or both, will sue Parliament in court over this illegal move. Furthermore, the IMF must be totally pissed off at this intrusion on the CBI's legal options...today that the World Bank is stepping in to offer whatever assistance they can to keep the financial ball afloat. This is a very serious matter and it will come to a head shortly, in my view.  It is not only illegal but will also have negative consequences...  This MUST get unraveled, and soon, in my opinion.   [post 2 of 2]

2-2-2015   Newshound Guru Enorrste  Article:  "D. Ali Mirza *: 2015 budget and determined to cap the dollar sales in the auction currency of the potential application of consequences"    The way I see this...Within the budget the Parliament passed is a requirement that limits the daily auction of dollars to $75 million.  This is a function of the CBI and the Parliament does not have the right to do this.  In their attempt to keep things under control, the CBI announced that it will pay foreign accounts in dollars and bypass the auction through this method.  This is not their first choice, but allows them some latitude as we go forward.   If they did not do this imports would shrink due to the cap at the auction.  [post 1 of 2....stay tuned]

2-2-2015   Newshound Guru Millionday    NOTE -- THE PRESIDENT HAS RELEASED THE BUDGET AND ANNOUNCED IT AS LAW ON THE WAY TO THE GAZETTE -- IT IS NOTED PER THE PRESIDENT.  [there has been much talk of IF the rate is in the budget OR not...?]   ALL DATA WOULD BE CHANGED WITH A CHANGE IN THE RATES AND PURCHASING POWER OF THE DINAR -- THIS WOULD BE DONE BY ELECTRONIC E-GOV ENTRY -- THE BUDGET AND ALL FIGURES -- BENEFITS -- PRICES -- UTILITIES EVERYTHING WOULD BE CHANGED ALL AT ONCE IN ORDER FOR IT TO MAKE SENSE -- ANY CHANGE WILL BE RECORDED IN EVERYTHING FINANCIAL. 2-1-2015   Intel/Newshound Guru Poppy3   HAVE YA'LL HEARD THERE IS A BETTER THAN AVERAGE CHANCE IRAQ'S CBI WILL RELEASE A RATE MONDAY AFTERNOON?

2-1-2015   Newshound Guru My Ladies   THERE ARE MANY THINGS HAPPENING IN IRAQ. THE BUDGET GETTING ENACTED, THE MASTER CARDS, THE CBI BACKING IMPORTS IN THE DOLLAR, THE MINISTRIES ALL GETTING ON THE ELECTRONIC SYSTEM FOR PAYMENTS, VISA COMING ON BOARD SOON TOO. SO WHEN WILL IRAQ GET THEIR CURRENCY BACK? WHEN WILL BE ABLE TO EXCHANGE?  WILL IT BE IN 5 MIN, OR 5 HOURS, MAYBE 5 WEEKS WE DON’T KNOW BUT WE DO KNOW IT WILL BE SOON.  THERE IS NO DENYING WE ARE ON THE DOORSTEP...THE NEXT FEW DAY WILL BE VERY IMPORTANT. SWITZERLAND DIVORCED THE EURO IN THE MIDDLE OF THE TRADING SESSION AND WITH NO WARNING THE SAME WILL HAPPEN HERE.  IRAQ HAS MANY THINGS COMING UP AND THEY NEED FUNDING TO GET THIS COUNTRY BACK UP ON THEIR FEET.

2-1-2015   Newshound Guru Tlar    To me the verdict is still out on this budget.  We know it is/was written in trillions and we know that must go to billions if they delete the zeros before they open it;.  So the budget itself no matter what it is written in, trillions or billions, will reflect the new rate, but it has no material effect on the RV.  If the CBI changes the exchange rate, the budget will be released as if it was written in billions.  If they don't change the rate, it will be trillions as is stated now.  So I still look for the RV before they open budget, not vote, not publish, but open and start the actual funding of ministries..  If it doesn't come that will be a great disappointment...

2-1-2015   Newshound Guru Aggiedad77   ...watch as the future of Iraq unfolds before our eyes as laws roll and progress toll...on top of all this the World Bank wants to get involved....not only from a money standpoint but from a financial management standpoint that I'm sure will prove beneficial for all involved...the BEST is yet to come.

2-1-2015   Newshound Guru Millionday  THE WORLD BANK IS COMING TO ASSIST IRAQ AND HAS PREDICTED THAT THEIR ECONOMY IS GOING TO IMPROVE.  THEY ARE GOING TO HELP IRAQ WITH THE ECONOMIC CHANGES COMING AND ALSO HAVE TOLD THE GOV TO TAKE MEASURES TO IMMEDIATELY ADDRESS THE BUDGET DEFICIT WRITTEN -- TO RESTRUCTURE THE ECONOMY.   THEY WERE PRAISED BY THE WORLD BANK ON THE ECONOMIC REFORMS READY FOR IRAQ AT DAVOS.   SO THE WHOLE POINT IS TO ENTER THE GLOBAL MARKET AND ALSO ATTRACT THE MARKET ITSELF... THIS IS SO VERY ENCOURAGING.

2-1-2015   Intel Guru SteveI   [Now that the budget has passed, how much longer do we have to wait for all of the necessary laws to pass?  It feels as if it will be quick...?]  Not long now and feel the way you do, it will be very quick. It will happen when you least expect it.   [...how do we know  or would we know that the  CBI is reducing the note count and not just printing more money which has a  negative effect on the value , and I also believed several years ago we were close to a re-valuation , why is today different?]  So what is the difference or major ones, new Prime Minister, a new budget for the first time ever in years, banking laws in place and so many things that we are not even aware of. [ the HCL was agreed on for one year-the agreement is part of the 2015 budget.]   Yes, HCL is a non issue now.  There is nothing more to do that is of any major concern to us. Let it play out now and wait for the reward!  I am extremely excited and think we are the closest we have ever been.

2-1-2015   Intel/Newshound Guru tman23  Currency traders around the globe are keen to the scene per se'...Any news that may indicate a coming future to the IQD raising in value would not be "announced" in any version prematurely... such as giving signs NOW and waiting 2 weeks to initiate...So the market opens this afternoon...either we are reading everything wrong and this ain't going our way...or they are going to release the change before the sharks smell blood.  Lets just see how the markets open tonight and how they flow into Monday...Seriously...I am not expectant...I am expecting!

2-1-2015   Newshound Guru Kaperoni   Looks to me they are trying to eliminate the daily auctions or at least minimize them to eliminate the corruption that occurs.  It sounds like another trick that may not work and is risky at best.  In the mean time, the dinar is sliding... 1235 today.  Not good.

2-1-2015   Newshound Guru American Contractor   I am jumping up and down since I heard the great news. The Central Bank of Iraq has announced that they will buy Treasury bonds via the secondary market.   ...currency banknotes are increasing in Iraq.  We know this because the foreign reserves are not touched and will remain inside the vault.  However, if truth were known the foreign reserves may have decreased. Hopefully, we will learn more at a later date. Dr. Sinan al-Shabibi has never set foot back in Iraq. Dr. Shabibi is enjoying the good life in Switzerland and has no ties to the Iraqi government.  One more thing the Central Bank is no longer following the Shabibi policy and Shabibi would have never loaned any money to the private banks and the government. 

2-1-2015  Newshound Guru My Ladies    ALSO IN THERE IS A LOAN FROM THE WORLD BANK FOR 6 MILLION DINAR, NOT DOLLARS, WELL THAT ISN’T VERY MUCH IS IT AT 1166.   AND ALSO THEY ARE TAKING A LOAN FROM THE IMF FROM THEIR SDR’S TO CREATE ADDITIONAL LIQUIDITY.  ...WE ARE VERY CLOSE AND WAITING ON NOTHING FURTHER WITH THIS BUDGET, NO 15 DAYS OR SPECIAL SIGNATURES...THINGS ARE MOVING WITH GREAT SPEED.  TOMORROW [SUNDAY] AND MONDAY WILL BE VERY TELLING...THEY HAVE MANY FINANCIAL OBLIGATIONS AND THEY MUST MEET THEM INTERNATIONALLY.   [post 2 of 2]

2-1-2015  Newshound Guru My Ladies   ...ABOUT THE SIGNING OF THE BUDGET...DXXX FIRST SAW THIS EARLY THIS AFTERNOON [SATURDAY] ON PARLIAMENT WEBSITE UNDER LAWS ENACTED.  AS OF THIS MOMENT IT HAS NOT BEEN UPDATED TO THE SITE BUT THAT DOES NOT MEAN THEY DO NOT HAVE IT. PARLIAMENT IS CALLING IT ENACTED.  WE WERE VERY CAREFUL AND HAD THIS TRANSLATED AND...THE ORIGINAL NUMBERS THAT WERE IN THE TRILLIONS...WE CHECKED IT TWICE TO SEE THAT THE TRILLIONS HAVE IN FACT BEEN SWITCHED TO BILLIONS.  [post 1 of 2....stay tuned]

2-1-2015   Newshound Guru Millionday   THE PRIME MINISTER`S ADVISERS ANNOUNCED TODAY THAT FEB 12 WILL BE WHEN THE ECONOMIC STRATEGIES OF THE GOV PROGRAM WILL BE LAUNCHED.  [are we to assume that the new rate will be in effect by Feb. 12th?]   I AM NOT SURE OF THAT -- WE CAN SEE A LOT IS GOING TO HAPPEN SO ITS EITHER **** OR GET OFF THE POT TIME. 

2-1-2015   Newshound Guru Enorrste   Article quote:  "The World Bank really does not comment on monetary policy."  ...this article...says that in fact the World Bank is commenting on monetary policy.  Furthermore, it isn't just commenting on Iraq's monetary policy, but also on that of 7 other MidEast countries whose budgets are suffering due to the low oil prices.  Here is what I think:  this situation has REQUIRED the World Bank to make a statement. The fact that the World Bank has stepped in and commented on this matter confirms, for me, that they are following the "lead" of the CBI which had already expressed that they plan to "open market operations" sufficiently to deal with the revenue crisis.  ...I see this article...as extremely positive...we may be within 30 days of an announcement, I continue to hold that the within the next 30 to 60 days the CBI will change to a new exchange rate regime, and that it will be a "float".  

1-31-2015   Intel Guru TerryK   SOURCES, ALL 7 OF THEM I HAVE TALKED TO SINCE LAST NIGHT...ARE ALL TELLING ME THAT THIS IS SET TO GO LIKE TOMORROW THRU TUE... DEPENDS ON TIMING...SUNDAY FOR IRAQ...TUE FOR US I GUESS.  [We've been discussing the budget would probably be published tomorrow.]  YES IT WILL BE WHAT I HAVE BEEN TOLD.  IN FACT THE AGENDA INCLUDES ANOTHER BIG DOCUMENT...WHAT HAVE WE BEEN WAITING FOR AND TOLD ITS READY TO BE READ AND SIGNED?   HCL.

1-31-2015   Newshound Gru My Ladies   I SAID 2 MONTHS AGO YOU WILL NOT SEE ANY NEW LAWS OR ANYTHING MONETARY RELATED BEING PASSED UNTIL AFTER THE BUDGET.  NOW THE BUDGET WILL GO FOR SIGNATURE TOMORROW I JUST READ AND THEN THEY WILL BEGIN IMPLEMENTING THE THINGS INSIDE. ONCE AGAIN IRAQ IS A MAD RUSH TO THE FINISH LINE...WE ARE SEEING OIL AND GAS ABOUT TO BE ENACTED, BANKING LAWS ABOUT TO BE ENACTED, AMNESTY LAW, NATIONAL RECONCILIATION LAW.  THE BANKING SECTOR IS ABOUT TO BE DEVELOPED AND THE FINANCE MINISTER IS MEETING WITH ERNEST AND YOUNG TODAY. THERE IS NO REVERSE SWITCH HERE FRIENDS.  IRAQ IS FULL SPEED AHEAD AND ITS DESTINATION IS THE INTERNATIONAL STAGE.  THE DINAR IS ABOUT TO BLOW OFF THE DUST AND RISE TO THE GREATNESS IT WAS INTENDED TO BE, THE SUPPORT RESERVE CURRENCY FOR MANY CURRENCIES. WE ARE ABOUT TO SEE WONDERFUL THINGS.

1-31-2015   Intel Guru Delta   Article quote:  "The Director of Rafidain Bank in Dhi Hussein Al-Abbadi said in an interview televised moved local enter Nasiriyah TV ATM markets and banks is subject to the application of the decision to delete the zeros of the Iraqi currency..."    IT LOOKS LIKE THEY GOT THE GREEN LIGHT FROM CBI.  URGENT FROM IRAQIA TV:  February 12 starting economic strategy.  ABABDI WITH THE HELP OF CBI WILL SEE CHANGES BEFORE THE 12TH.  YES WE SHOULD ALL START THE CELEBRATION.

1-31-2015   Newshound Guru Shredd   [this is the first time they have ever capped the auctions!]  the CBI capping the auctions which have the primary role of stabilizing the dinar means a great amount of stability has been realized with the dinar...this is also a huge step with the project to delete the zeros, very very telling imo.

1-31-2015   Newshound Guru Millionday   [do you think we are still on the 15 day schedule for the signing of the Budget?]  THE PRESIDENT TOLD PARLIAMENT THEY COULD NOT TAKE A HOLIDAY TO RUSH THE BUDGET AND CBI HAS FUNDED THE DEVELOPMENT BANK SO I WOULD THINK IT WAS SOONER DUE TO THE HUGE RUSH AND THE CONFERENCES ETC THAT ARE SCHEDULED -- BUT AT THE END OF THE DAY IT IS ALL UP TO THE PRESIDENT.  [Do you have access to the Gazette once everything is printed?]  THE GAZETTE IS NOT ON-LINE -- HOWEVER IT WILL BE TOLD IN A PRESS STATEMENT SO IT WILL BE KNOWN RIGHT AWAY.

1-31-2015   Intel Guru Frank26   Article:  "Rafidain Bank announces the issuance of card "MasterCard" to its customers inside and outside Iraq"  There is no PROFIT for MC to do TRANSACTIONS at 1166.  This is not illogical ...This is posturing.  This is simply ...Good.

1-31-2015   Intel Guru EXOGEN   Article:  "Rafidain Bank issued card [MasterCard] to customers both inside and outside Iraq"  THIS IS BIGGER THAN GIGANTIC NEWS.   [Santa is on his way!!!!]  YES!!

1-31-2015   Newshound Guru My Ladies   TODAY RAFIDIAN BANK GAVE OUT MASTER CARDS INSIDE OF AND OUTSIDE OF IRAQ. THIS TAKES US SO MUCH CLOSER TO INTERNATIONAL. THIS IS A PILOT PROGRAM AND A BIG STEP WHEN THEY ACTIVATE THE PROGRAM. THIS IS DESIGNED TO BE ABLE TO TAKE CASH FROM ANY MASTER CARD ATM TERMINAL, THIS NEWS IS MAJOR. SO NOW WE ARE WAITING FOR PRESIDENT MASOUD TO SIGN THE BUDGET AND THEN OFF TO THE GAZETTE IT GOES. THIS SHOULD BE DONE AT SOME POINT TODAY.  THERE IS QUICK MOVEMENTS TAKING PLACE AND WE SHOULD SEE THE END SOONER THAN LATER. THINGS ARE GETTING EXCITING...THE ANTICIPATION IS BUILDING AND VERY SOON REALITY WILL SETTLE IN BRINGING THE MAGNITUDE OF WHAT IS ABOUT TO HAPPEN TO OUR LIVES.

1-31-2015   Intel Guru TD   Comments from my Kurdish friend (as always treat as rumor and due your own sound diligence). ...yes the budget has passed and NO it doesn't spell out any imminent change in iraq's immediate plans of major monetary reform. As also expected by everyone in Iraq the budget will be running at about a 25 trillion dinar deficit and that seems to be a conservative estimates. So why would anyone think it's time to implement currency rate hikes? Where's the money to pay for that?  I'm told that Abadi is s meticulous (engineering background) type of manager. There are plans and steps in place for agenda items. They already announced months ago their goals of executing economic and monetary reforms drafted for the next 4 years.  Part of that includes RD of their notes (dropping the 3 zeros, yes, LOP to start either end of 2015 or sometime in 2016. Then to conclude exchanging and retiring the old 3 zero notes within 2 years after that.  All this is to resemble the Turkish model of monetary reform which the Turks successfully executed back in 2004-2005.  This is their plan and they are hopeful to stick to it.

1-31-2015   Newshound Guru Enorrste    It is my firm belief that the CBI is being forced to move ahead with the float specifically because the lower oil prices have essentially "hamstrung" them.   Quote:  "monetary policy is constrained in tackling the current shock."  It is clear to me that the CBI is moving forward faster than ever now because it believes that it HAS to do so because of the financial crisis from lower oil revenues.  The only solution is to open market operations so that foreign investment can come in and reduce the "shock" referred to in this article.  The float will allow the investment to flow in quickly.  From the CBI point of view, the faster the better.  I still believe...that we will see this roll out within the next 30 to 60 days.  [Guru Kaperoni]  also agreed, with the caveat that the laws still need to get passed.  He is correct.  And, IMO, they will.

1-31-2015   Intel Guru TNT Tony   [via Adept1]   [do you think eight cents is correct for the dong?]  …why would they say this much lower rate now?   We got this information a few days ago, and it didn’t make sense to us...and I still don’t know that it’s true.  Iraq has voted on the budget, everything else is done and it will all be announced at that same time...we figure the rate is $3.90 or so, and we have word it could be a bit higher or lower than that.   We told you two weeks ago that the window goes through the end of the month, and that is tomorrow [Saturday].  They anticipate it by Monday. This could happen at any moment. 

1-31-2015   Intel Guru DC   [So your best guess now for the rates for dong, dinar and zim… do you think eight cents is correct for the dong?]  I understand how Shabibi thinks, and I think the rate has gone to $3.90 or maybe a bit more...The contract rate is still very possible for us, and the pool ranges from $9-28 in terms of what is available to us.  The dong – frankly, I don’t know.  Some believe that Vietnam can only support that rate.  I don’t have a lot of good contacts for that.  My contacts are in the UST and banks, and although I’ve heard the rumor of eight cents, I am prepared for .47 on up.  The $1-2 rate would be the contract rates.  For the zim, I’m expecting them to lop six zeros, then maybe up to $0.16, maybe.  To summarize, everyone is in place, just where they need to be...the times are held by just a few people, keeping people on super-high alert.  I’m really excited.  [post 2 of 2]

1-31-2015   Intel Guru DC  [via Adept1]   In Iraq they passed the budget and made it public...the official date in the Gazette is tomorrow [Saturday]. There is more on Iraqi television about the economic reforms. The pressure is very high on Abadi and his team to get this revalued. Even with falling oil prices, Shabibi has successfully pushed for a higher rate...while PM Abadi just wants to get this out and raise the rate later.  In the US, all checks have been done and we are waiting on Iraq...   [post 1 of 2....stay tuned] 1-30-2015  *** Dinar Guru NEWSFLASH ***  Newshound AND Intel Gurus are reporting the Iraqi Budget for 2015 has passed BUT will not be OFFICIALLY recorded in the gazette for a couple more days!! (conflicting reports on the exact day-Guru Millionday says the president legally has as many as 15 days to sign)...Other key issues are being reported as passed as well, including key CBI laws, Oil and  gas laws and among others.  If these reports hold up, the gurus agree this will be considered a Huge MONUMENTAL day in the history of the New Iraq!  Stay tuned as the latest guru reports come in and additional info comes to light...If you are not on the Dinar Guru Alert list...as always it's FREE and now is a good time to jump on--click here now  [The latest Guru updates will continue below...]
1-30-2015   Newshound Guru Bondlady   ...I just don't know if they could pull off and support a reinstatement of the old rate 15 years ago.  [I think imo it has to be around kuwaits...]   they have to be able to sustain whatever the rate is... I can't see how they could sustain an RI at this point.  [do you think they can handle a 1.00 rate?]   I feel they could...or come really close to it if in fact they are trying to dedollarize like I'm assuming they are trying to do with the capping of the auctions at 75 million per auction and paying everything in dinars.  Abadi is definitely on the right track for everything we wanna see...   [post 2 of 2]

1-30-2015   Newshound Guru Bondlady    so next the budget goes into the gazette and if no one contests it for I think 15 days then it'll open...lets go over some of the things Iraq still needs to do now that the budget has been passed...the economic laws are most important as they need to protect and support the reform we are witnessing.  [do you think we will see the investment law?]  yes, they are working on the amendments to it now. ...and with the auctions being low that could be very telling as to what the CBI is doing, dedollarizing and capping the daily auctions at $75 million...we never saw that before ever... that would be the beginning of monetary change to me...the CBI reserves are the best in the world and they could cover the dinar 1 and a half.   [post 1 of 2....stay tuned]

1-30-2015   Intel Guru TerryK   GETTING THINGS READY TO EXCHANGE... BE SURE EVERYTHING IS IN LINE. THERE IS A MEETING TO OCCUR TOMORROW AFTERNOON IN IRAQ.  THEY WILL BE TALKING ABOUT THE ONE THING...THAT IS A THORN IN THE SIDE OF THE PEOPLE VS STATE... IT WILL BE RESOLVED TOMORROW AFTERNOON AND WE MAY SEE OUR BLESSING LATE SATURDAY OR SUNDAY THIS WEEK.

1-30-2015   Newshound Guru My Ladies   YESTERDAY WAS EXCITING WASN’T IT? THE TOTAL BUDGET IS 119 TRILLION AND CHANGE.   NOW SO MANY OF YOU WANT TO KNOW WHAT HAPPENS NEXT?  MY BEST GUESS IS WE SHOULD SEE THEM TRADING VERY SOON.  I THINK SUNDAY/ MONDAY, THEY ARE POSTING INTO THE GAZETTE ON SATURDAY AND WE KNOW THEY ARE RETROACTIVE TO JAN 1.  NOW AS TO THE RATE I WOULD ASSUME THEY SHOULD COME TO A REALITY RATE AT THE SAME TIME...BUT LETS GET THROUGH THE WEEKEND FOR STARTERS AND SEE HOW THEY START BUSINESS ON SUNDAY.  LET’S SEE IF THE DINAR IS TRADING AT ANY RATE FIRST. IF WE SEE THEM TRADE AND THEY ARE THEY ARE FULFILLING THEIR INTERNATIONAL OBLIGATIONS THEN I WOULD IMAGINE THEY WOULD PRICE THE DINAR ON A COMPETITIVE SCALE.

1-30-2015   Newshound Guru Enorrste   There is no law passed forcing the CBI to do anything.  There is only the "suggestion" of making a law.  In addition, the Parliament does not have the authority to force the CBI in this matter.  It simply can't tell the CBI what to do.  The CBI only has so many tools to adequately defend the value of the dinar, and open market operations (the auction) is one of the most important of them, especially at this stage of development in Iraq.  Selling or buying bonds is in its infancy in Iraq.  Due to their low inflation rate changing interest rates is also not a viable option.  This leaves the CBI with what it is doing now, namely the auctions, to maintain the value of the dinar.  Furthermore...the CBI went on record last week that it is actually their intent to INCREASE the open market operations, rather than to limit them.

1-30-2015   Intel Guru Mnt Goat   ...we are only one (1) day from the end of a span of time...I was told would be the best possible time for us to witness the revaluation of the Iraq dinar...this window is not yet over.  So the final vote did happened yesterday, as scheduled.  All the news from yesterday is very exciting news and was history in the making. Remember this is the very first budget EVER completed and through the legal, formal parliamentary voting process since post war for Iraqi’s new government.  Over all we can see that we are soo very close to this RV / RI.  I believe they will take this weekend to push the needed rate files once again down to the exchanges and banks as needed for a revaluation rollout.   If not this weekend very shortly.   I am told it will be a reinstatement (RI) of their currency followed by a revaluation (RV) 4-7 days later.  I believe...we are now in the final countdown window now that the budget is truly done...

1-30-2015   Newshound Guru Millionday   [what about customs and tariffs? that's already done, right?]  YES IT IS DONE -- THEY HAVE BEEN DISCUSSING THE APPLICATION AND HOW IT IS GOING TO BE APPLIED ETC --- THEY HAVE ALSO CLOSED THE BORDERS OF IRAN AND TURKEY FOR ITS APPLICATION.

1-30-2015   Intel Guru Frank26   The next step is to lift the 000s from the exchange rate of the IQD. Technically it is already done in the math of the budget and protected by the budgets verbiage. LAWS are set...GOI is now a GOICBI...ISX set...Ceiling at CBI is set...Not loans but BONDS and MONEY INVESTED in the GOICBI in order to start the Budget and Economy... Insane Reserves and a plethora of many more article 8 compliance are stacked in favor of an IR/ RV.  Then the MATHEMATICS will equal ...It will create a balance ...An EQUILIBRIUM in their calculations.

1-30-2014  Newshound Guru Breitling   You should be looking at the note count and be jumping up and down…Dr. Shabibi kept talking about reducing the note count by 70%.  Right now they have 100 Billion of reserve wealth.  The debate is watching the CBI, MOF and MOP and trying to figure out the timing…that's debatable…that's pure speculation.  I have so much faith in this investment…their target rate is 1.13 to 1.16 at first and then they will go to $3.00.  It's got to get there first…I see it coming it at .35 to .45 and then getting it to a dollar.  They can get to a dollar in a snap…they are doing that to control it.  Then it will be a different ballgame to get to $3.  I think this is coming down very very soon.  This is my best guess.  They are reducing their note count and every time a country reduces their note count the value of it's currency goes up 100% of the time.

1-30-2015   Intel Guru Jester   [do you know what will be the next move after all this is said and done once the Budget is signed off?]  NOT TO POINT OUT THE OBVIOUS BUT THEY DO THE BUDGET EVERY YEAR AND THE SAME SCENARIO HAPPENS EVERY YEAR... I AM NOT SAYING IT HAS NOTHING TO DO WITH ANYTHING... I AM SAYING IT IS NOT THE DRIVING POINT...I WILL TELL YOU THIS...THINGS ARE LOOKING PRETTY GOOD... NOT BECAUSE OF THE BUDGET... THERE IS ONE THING THAT NEEDS TO HAPPEN... STILL WAITING... BUT CAUTIOUSLY EXPECTANT.  I WILL TELL YOU SOMETHING ELSE...THE SOURCE TOLD ME AFTER THE 15TH...AND I HAVE ASKED AND ASKED...WHAT IS THE NEW DATE...THEY SAY...YOU DON'T NEED A NEW ONE.  ANOTHER VERY GOOD SOURCE TOLD ME...LAST WEEK I WAS TOLD IT WOULD BE THE END OF NEXT WEEK...AND TUESDAY THEY UPDATED...NO CHANGE IN SCHEDULE.

1-30-2015  Newshound Guru Tlar    Anyone knowledgeable about economic investments knows that half of the success of a given investment is timing. I would be surprised if they ignore the timing altogether and go back to business as usual.  Just as the Abadi government’s credibility was at stake in getting this budget passed, I believe the CBI's credibility is now at stake on their program to delete the zeros. Do it or shut up about the deletion of the zero program.  Their citizens have to be more tired than we are hearing, hearing and then hearing again about a future better life and bringing purchasing power to their currency.  Somewhere this has got to come to fruition and the timing says that's now. Timing is everything. To drag this out another year would kill the momentum they have achieved IMO.

1-30-2015   Newshound Guru Adam Montana   [Isn't  the dinar back by gold...and not oil?]  the answer is "neither". The dinar is a fiat currency that is backed by nothing more than the CBI's willingness to pay a certain rate for it.   Right now, they are paying $1 for every 1164 IQD.   When they say "we are now paying $1 for every 10 IQD", that is the RV and it is backed by the CBI.

1-30-2015   Newshound Guru Aggiedad77     IMO....Do not put a great deal of worry...into what is or isn't in the budget.  Iraq is proving they are a force to be reckoned with...they will not be held down much longer I don't believe.  I believe time is our friend...we shall be watching how things blossom from this point. 1-29-2015   Newshound Guru Millionday   [when the budget is moved to the gazette, we will see the figures?]  THE FIGURES THAT THEY HAVE NOW ARE AT THE CURRENT RATE AND PURCHASING POWER WITHIN THE COUNTRY --- SO ANY DATA ENTRY TO CHANGE THIS WILL BE SEEN THROUGHOUT CBI -- ISX -- AND ANY OTHER PLACE THAT THE DINAR IS APPLIED.  NOT ONLY HAVE THEY VOTED ON THE BUDGET BUT MANY THINGS AND THIS IS ONE OF THEM ---- THEY VOTED TO INSTRUCT THE MINISTER OF PLANNING AND FINANCE TO PROVIDE THE FIGURES FOR THE BUDGET --- VERY STRANGE ANNOUNCEMENT WITH THE BUDGET HAVING FIGURES WITHIN IT -- HMMMM, OBVIOUSLY THE PLAN MUST HAVE FIGURES IN IT... SMILE.   [post 2 of 2]

1-29-2015   Newshound Guru Millionday   WE HAVE A BUDGET.   SO NOW IT HAS TO BE SIGNED BY THE PRESIDENT AND THEN PRINTED IN THE GAZETTE -- WHICH BOTH CAN BE DONE AT ANYTIME...WHEN IT IS POSTED IN THE GAZETTE IT IS ACTIVATED BECAUSE IT IS LAW AT THAT POINT.  [when do you project the budget to be printed in the gazette?] THE PRESIDENT HAS 15 BY THE CONSTITUTION BUT HAS HELD PARLIAMENT WORKING AROUND THE CLOCK SO I WOULD THINK THAT HE IS NOT TAKING THAT LONG DUE TO THE OBVIOUS HURRY WE HAVE WITNESSED FOR THE FIRST TIME EVER -- AND IT IS PRINTED RIGHT AFTER HE SIGNS IT.   [post 1 of 2....stay tuned]

1-29-2015   Intel Guru TerryK   JUST GOT OFF THE PHONE WITH A SOURCE, STILL WAITING VERY VERY EXCITED...WATCHING FOR THIS AT ANYTIME.  WE ARE NOT LOOKING AT NEXT MONTH OR NEXT YEAR WE ARE AT THE DOOR  LOOKING THRU IT... WE ARE THERE...WILL NOT BE ANY MAJOR ANNOUNCEMENT... JUST A CHANGE...CBI SUNDAY MORNING MAYBE, ISX...WE ALL ARE SPECULATING WHERE.

1-29-2015   Newshound Guru Kaperoni   ...passing the budget does support the economy and will provide funds for salaries, expenses, etc.  It is a good thing.  But it is not a "ticket" or a prelude to a RV or anything else related to the dinar.    People are way over excited over something that means very little to us as dinar investors.   When they start passing the stalled economic and banking laws...then we should be watching close.

1-29-2015   Newshound Guru Mailman17   I SEE THEY HAVE THE BUDGET KNOCKED OFF THEIR LIST AS WELL AND THE 17% TO THE KURDS. I JUST WANT PEEPS NOT TO BE ALARMED THAT THE BUDGET IS STILL IN TRILLIONS. THE FACT THEY HAMMERED THIS OUT IN JAN IS A FIRST. THE BUDGET CAN ALWAYS BE ADJUSTED BY THE STROKE ON A KEYBOARD TO REFLECT THE RV.   SO DONT WORRY ABOUT THAT.   IMPLEMENTATION OF QUITE A FEW THINGS IN THAT BUDGET NOT TO MENTION, ISX INFO SAY THEY WILL HAVE TO HAVE A REALITY RATE.  LOOK AT PAST NEWS AND REMEMBER WHATS ENTAILED FOR IRAQ TO SUCCEED...A STABLE, RECOGNIZED AND VALUED DINAR.  AS FAR AS IMF GUIDELINES...IMO...THEY DO NOT APPLY IN THIS MATTER.  EVEN UNDER ART 4 CONSULTATION BACK IN 2013, NO WHERE DID IT SAY IRAQ MUST FLOAT...PERIOD. THE IMF AND THE CBI WILL ASSIGN WHATEVER RATE THEY FEEL IS SUSTAINABLE FOR IRAQ TO SUCCEED AND A FLOAT FROM 1166 IS NOT AN OPTION. PERIOD...JMO.

1-29-2015   Newshound/Intel Guru Randy Koonce   The Iraq budget was passed today but, that does not mean that they will RV their currency tomorrow or the next day.   It is another pressure point being put on those causing the delay of the RV.  It was a necessary step before completing the RV but, Iraq has had budgets passed in later years and still did not revalue their currency. Things are still looking good , just remember to...BREATHE.

1-29-2015  Intel Guru TerryK    BUDGET READ, APPROVED, VOTED ON AND APPROVED...GOES IN PAPER SUNDAY...ALREADY ANNOUNCED.   THE BIRDIE IS TELLING ME WE MAY SEE THIS TONIGHT INTO TOMORROW.  SOURCE... ADVISED THAT THIS CAN HAPPEN ANY MOMENT AND THAT THE POSTING WILL HAPPEN SUNDAY IF NOT BEFORE. VERY EXCITING TIME.

1-29-2015   Intel Guru Okie_Oil_Man  ACCORDING TO SOURCES WE JUST MAY BE FINALLY AT THE CONCLUSION OF THIS LONG JOURNEY.  AS I AM SURE EVERYONE HAS BEEN FOLLOWING THE NEWS CLOSELY AND AWARE OF THE ACCOMPLISHMENT'S MADE RECENTLY IN IRAQ. THE U.S.A. AND IRAQ HAD TO OPERATE IN CONJUNCTION WITH EACH OTHER TO FACILITATE ANOTHER COUNTRY'S FINANCIAL BACKING.  IT IS MY UNDERSTANDING ISSUES RESOLVED YESTERDAY COMPLETED THIS AGREEMENT WITH THE FUNDING ENTITY.  ALSO ISSUES OF A TECHNICAL NATURE WAS SOLVED YESTERDAY AS WELL. THE ACCOMPLISHMENT IN IRAQ TODAY I BELIEVE WAS THE FINAL ISSUE TO BRING TO FRUITION WHAT WE HAVE BEEN AWAITING.

1-29-2015   Intel Guru Delta    URGENT FROM IRAQIA TV:   BUDGET IS DONE!!!

1-29-2015   Newshound Guru Stryker   THE BUDGET WILL BY PLACED IN THE GAZETTE AND IMPLEMENTED SATURDAY 1/31/2015.  ALL SIGNS POINT TO THE LAUNCH OF ALL REFORMS UNDER THE LEADERSHIP OF PM AL-ABADI.  IF ALL PROJECT GET IMPLEMENTED INCLUDING THE CUSTOM TARIFFS WE COULD SEE A MONETARY CHANGE TAKE PLACE ON MONDAY 2/2/2015, IF THE CUSTOM TARIFFS ARE DELAYED THEN IT MAY BE THE FIRST OF MARCH BEFORE WE SEE A CHANGE IN THE STRUCTURE OF IRAQ'S MONETARY POLICIES - MAYBE NOT BUT ONE THING IS FOR SURE, WE WILL KNOW ON MONDAY.   [post 2 of 2]

1-29-2015   Newshound Guru Stryker   THE BUDGET PASSED TODAY ALONG WITH ALL THE PROVINCES OIL DEALS AND MUCH MORE.  THE CENTRAL BANK POLICY REFORM INSTRUMENTS WERE PASSED TODAY AS WELL - THESE WILL CHANGE IRAQ FOR EVER.  THE PARLIAMENT VOTED TO LIMIT THE SALE TO $75 MILLION DOLLARS A DAY IN THE DAILY AUCTIONS.  THE VOTE AND APPROVAL TO IMPLEMENT ALL GOVERNMENT PROJECTS - LAWS WILL PASS PARLIAMENT IN NEXT SESSION.  A $56 PER BARREL OF OIL WAS THEIR BUDGET AMOUNT.  TAXES ON WATER, CELL PHONES, CARS, CIGARETTES AND MUCH MORE WERE APPROVED IN THIS YEARS BUDGET - COST OF LIVING GOES UP FEBRUARY 2, 2015 SO SHOULD THE PURCHASE POWER OF THE DINAR.  [post 1 of 2....stay tuned]

1-29-2015   Newshound Guru My Ladies   FINALLY JUST NOW AT 1PM EST THE FINAL VOTE OF THE BUDGET.  THEY VOTED IN EACH ITEM LINE ITEM BY LINE ITEM...  NOW WHAT ON EARTH DOES THIS MEAN FOR US?  WELL [GURU] NOVA AND I ARE MAINTAINING THEY CAN NOT PROCEED WITH OUT AN INTERNATIONAL CURRENCY.  RIGHT NOW IRAQ IS CLOSED FOR BUSINESS UNTIL SATURDAY MORNING. SO WE WILL WAIT AND WE WILL WATCH WHAT HAPPENS...KEEP IN MIND THAT KUWAIT REINSTATED THEIR CURRENCY AT 4:17PM EST ON A THURSDAY AFTERNOON.  I AM VERY CONFIDENT THAT WE WILL ALL BE HAPPY VERY SOON.

1-29-2015   Newshound Guru Stryker   Update:  THEY ARE VOTING ON EACH ARTICLE...AROUND 260 MEMBERS ARE PRESENT IN TODAY'S SESSION...200 VOTES OF YES ON EACH ARTICLE SO FAR...PARLIAMENT IS VOTING ON OIL AND GAS DEAL FOR ALL PROVINCES...THEY HAVE MANY MORE ARTICLES TO READ AND VOTE ON...IF ALL PROJECTS AND ALL TAXES, INCLUDING AND NOT LIMITED TO CUSTOM TARIFFS ARE IMPLEMENTED TO SUPPORT THIS YEARS BUDGET NOW, WE JUST MAY SEE A MONETARY BALANCE CHANGE INTRODUCED TO THE WORLD COME MONDAY.  AGAIN...IF EVERYTHING IS IMPLEMENTED AND THE CBI BELIEVES IT IS THE RIGHT TIME TO DO SO. 

1-29-2015 Newshound Guru Arthur  There was also a big media push emphasizing the major progress on the security front.  Hundreds of ISIS/ISIL/DAASH being killed daily by an even more ramped up bombing campaign since the France incident along with an ever increasingly confident Peshmerga liberating more and more areas and announcing the imminence of the displaced being able to repopulate their homes and properties...and that international investors no longer need have any security concerns.  Jabouri outlined a long laundry list of progressive accomplishments of the new government contrasting them with the failures of the former regime…The whole tone was about the new Iraq and the imminence of them becoming the biggest economic giant in the region.  A major and decisive meeting of the presidencies was announced for today that will put the final touches on the budget law and mechanisms that will positively impact every citizen and launch Iraq into the international stage. 

1-29-2014  Intel Guru Arthur  Yesterday was a huge media blitz in Iraq.  Jabouri and several other respected statesmen went on record to assure citizens that this would all be done no later than Sunday, Feb.1st.  But just as there is an opposing counter speech to a Presidents state of the union address, such is the case with Maliki's State of Law coalition using whats left of their moribund political and media power to constantly sow seeds of doubt and tribal mistrust in Abadi's government especially in regards to any HCL progress every step of the way which has caused delays up until now but is now only a nuisance and not able to affect the outcome any longer...

1-29-2015   Newshound Guru Stryker   THE BUDGET APPROVAL HAS BEEN DELAYED FROM 11:00 am THIS MORNING TO 1:00 pm, TILL 5:00 pm AND NOW TO 6:00 pm BAGHDAD TIME.  [See Live Baghdad time in the Dinar Guru Resource Bar on the left of this page]

1-29-2015   Intel/Newshound Guru Poppy3  I WAS...READING THE NEWS THIS WEEK AND LAST AND COULDN'T HELP BUT SEE THAT THESE GUYS ARE TELLING US THEY ARE READY TO PAY ALL OF US.   THEN READ THE SHELL PROPOSED CONTRACT OF 11 BILLION AND THAT TELLS ME SHELL EXECUTIVES KNOW WHAT WE HAVE BEEN WATCHING IS READY TO HAPPEN. ...HERE IS A MAJOR AMERICAN COMPANY INVESTING 11 BILLION.  HOW COULD ANYONE NOT GET EXCITED.

1-29-2015   Intel Guru TerryK   ...DC SOURCE TOLD ME NOT TO DISCUSS AS THINGS ARE MOVING.  [which is first the   RV or The Budget?]   RV.   [You still hearing the budget should be voted on tomorrow (Thursday)?]  YES I AM.
1-28-2015   Newshound Guru Millionday   THEY HAVE SENT THE BUDGET TO VOTE...THE VOTE IS THURSDAY.  PARLIAMENT HAS ALREADY AGREED TO THE BUDGET SO THAT WOULD MEAN IT WILL BE VOTED THROUGH SMOOTHLY.  [in all the years you've been in this have you ever seen them work so hard on a budget and at the amount of dinars approved?]  NO I HAVENT SEEN THEM BE ABLE TO FOLLOW THROUGH WITH WHAT THEY HAVE STATED IN SUCH A HURRY... SO THE BUDGET HAS BEEN WRITTEN ON 56$ A BARREL. ...WE HAVE IS THE ENTIRE PACKAGE OF INVESTMENT LAWS HAS BEEN APPROVED BY ABADI -- AND ALSO THE VOTE FOR THE BUDGET WOULD BE IN THE MORN...

1-28-2015   Newshound Guru Adam Montana   [Do you believe that when the Budget is passed, the RV will follow?  and  Once the HCA becomes HCL, will the RV follow?]  Once we have the HCL and the Budget, I do indeed think we are moments from that announcement.

1-28-2015   Newshound Guru Stryker   We have a GO on the 2015 Budget Approval Tomorrow and the State Law realized they had no dog in the hunt, so to speak, so they backed down and said they would vote to approve it as well.

1-28-2015   Intel Guru Aggiedad77   So are we waiting on the budget now...NO!  The budget is done...as of last night in the midnight hour...I-Team was there...the budget has been passed...Good things are going to surface with this budget...count on it...it will take between 48 and 72 hours for things to show...IF...they choose to let us see it even then.

1-28-2015   Intel Guru EXOGEN    the budget will be approved tomorrow smoothly and quietly.

1-28-2015   Intel Guru DC   The news is straightforward...more confirmation from Iraq and the US.  ...they are getting ready to do this not in years or weeks but NOW.  They have that planned out and are ready to go.  The finance committee approved the budget and sent it on to parliament for a final vote on Thursday.  That is not vital, but they would like to have it done before the RV, just to make it smooth and easy.  [Tomorrow is the date to publish the UN operational rate.  Will this be published at the lower rate and it will be published after the RV?] The plan has always been to adjust it afterwards, as with the Euro and other rate changes with this global recession.  It would be nice to see this done tonight so that it can be published all at the same time, but it’s not a leading indicator.  In summary, everybody is ready and impatient in Iraq and the US.  The last-minute checks are occurring to make sure everyone is on the same page, and this should go down very, very quickly.

1-28-2015   Intel Guru TNT Tony  They still they will approve the budget tomorrow, so there should be an announcement...Now, about the ISX…They say they are scheduled to go international today or tomorrow, and we are seeking verification on that now.    ...although we are not announcing the RV.  We are pretty close to announcing it.  We know the agreement was signed, and the back wall is by the 31st.   Everyone is excited because they have done absolutely everything they need to do – that’s the message we are getting.

1-28-2015   Newshound Guru sczin11   IRAQ NEEDS AN INTERNATIONALLY RECOGNIZABLE TRADEABLE CURRENCY TO OPERATE WITH THE ENTIRE WORLD...THEY NEED A DINAR WORTH MORE THAN THE US DOLLAR, OR NO ONE WILL WANT TO USE THE DINAR... [what is the rate they desire?]  ...FROM ALL I HAVE READ THEY WANT A RATE SIMILAR TO WHERE THEY WERE PRE SADDAM, WITH A POSSIBLE 20% INCREASE FOR INFLATION, AND WANT TO BE WITHIN 50 CENT OF KUWAIT, IN EITHER DIRECTION...THE ISX IS READY...THE CBI IS READY...IT APPEARS ABADI IS READY...IT APPEARS JUBOURI IS READY...IT APPEARS IMF, BIS, WB ARE READY...SO...

1-28-2015   Intel Guru Mnt Goat    If they pass the budget my CBI contact also told me they might wait a day or two in telling this news to the international community and keep it to themselves, if they run into a snag.  But once the world hears about the budget being passed they are in BIG trouble should they not have value to their currency to back it up.  So you see Al-Abadi has to make a decision soon on when to RV his currency. I believe this decision has already been made and we are now in the final countdown window…tic toc...tic toc…   [post 2 of 2]

 1-28-2015   Intel Guru Mnt Goat   Just these past couple days we read articles on the shifting of money from the CBI reserves to the five main banks in Iraq. Seeing that they just can’t give away money they loaned the money to the banks.  So the CBI reserves stay intact on the balance sheets. What does this mean?  It means they are positioning themselves and about to make some kind of drastic change in the value of their currency in order to support the backing of the 2015 budget amount. They are basically funding the new budget.   Now with this shifting around of funds and a revaluation this is possible. They can actually now pass the budget and move forward if they decide to on Thursday. This is why I am now so optimistic this could actually happen this week.   [post 1 of 2....stay tuned]

1-28-2015   Newshound Guru Adam Montana    note ...they have decided to adjust the budget to work with oil at $55 instead of $60. I mentioned last week I didn't like the $60 mark, so I like this move. It's more realistic, and will take stress off the CBI when they raise the exchange rate.  And as the final kicker...it appears that they already have a revised budget ready to go.  So, what's the bottom line? our best case scenario is whatever Thursday they meet (tomorrow or next) they pass the HCL and possibly slam the revised budget into place in the same meeting. CBI jacks up the rate and pandemonium ensues! Worst case scenario is we continue to wait.    

1-28-2015   Newshound Guru tlm724   ...am excited this a.m.  The Central Bank dollar sales crumble to lowest level in months Wednesday, 28th January 2015 ...we see way less dollars going out into the banks/markets which is awesome and remember what the CBI told us?   "Central Bank decides to support banks five trillion dinars"  so the CBI is pumping the banks full of DINARS! thats why I am excited, I truly believe they are dedollarizing.

1-28-2015   Newshound Guru sczin11 ...THE CONNECTION THAT HAS BEEN MADE WITH THE TIMING OF THE CBI ANNOUNCEMENTS YESTERDAY [reference Guru sczin11's earlier post 1-28-2015] , AND THE BUDGET VOTE TOMORROW...YOU CAN SEE WHERE THE PLAN IS IN FACT IN MOTION, AND THEY NEEDED YESTERDAYS CBI ANNOUNCEMENT IN ORDER TO COMPLETE THE BUDGET...REMEMBER, WE DONT KNOW WHAT WE DONT KNOW, BUT I WILL SAY, WHAT WE DO KNOW, IS THERE ARE NO DELAYS...THERE IS A PROCESS AND A PLAN...AND WE ARE WATCHING IT UNFOLD.

1-28-2015   Newshound Guru Adam Montana    Article quote: "Parliamentary Finance Committee member Jabbar Abdul Khaliq al-Abadi, on Tuesday, that the financial budget was not completed until now for several impediments most important oil agreement with the Kurdistan Region..."He Abadi, MP for the coalition of state law, that the oil-exporting quantities of the Kurdistan Region is identical to agreed with the Iraqi government, which may cause the implications of a negative for the completion of the financial budget for 2015. also noted that the budget Finance did not include provisions for the National Guard to the failure to approve the composition of the very moment. According to al-Abadi, it is hoped to show the budget in 2015 to a vote during the session next Thursday."  Ah-ha! So it looks like I was wrong... perhaps we'll see the HCL before the budget.

1-28-2015   Newshound Guru Millionday   Article quote: "CBI agreed to support the liquidity of commercial banks, and finance the state budget loan amount six trillion dinars, and buy back treasury bonds from the secondary market."  CBI HAS AGREED TO FINANCE THE BUDGET AND PAY FOR THE BONDS IN A BUY BACK.  CBI HAS UPHELD THE WORD OF IRAQ AND BACKED THE BONDS -- ALSO AS WE KNOW THIS DOES NOT TAKE FROM THE RESERVE. THEY HAVE RELEASED ONLY THAT THEY ARE GOING TO DO THIS BUT WE DONT KNOW THE DATE...

1-28-2015   Newshound Guru Kaperoni  Article quote:  "the laws passed to facilitate investment is disabled, so you have to accelerate the activation of the relevant laws to ensure they constraints faced by investors." ...its never been any clearer than this...IMO, as soon as the laws are passed, investment will begin to poor in..as a result the dinar must rise to offset inflationary pressure created.  Pass those laws please asap.

1-28-2015   Intel/Newshound Guru Poppy3   MANEUVERS TAKING PLACE FURTHER CLEARING THE WAY FOR A NEW RATE...AS ALL CAN PLAINLY SEE THE NEWS IS AND HAS BEEN FOR A MONTH ALL DIRECTED AT IRAQ FINANCE AND STABILIZING THEIR ECONOMY TO JOIN THE GLOBAL MARKETS AND HELP 20 PLUS OTHER COUNTRIES FURTHER STABILIZE AS WELL. THEY IN THE FUTURE WILL BE THE FINANCIAL MECCA OF THE WORLD. THATS WHY I INVESTED 11 YEARS AGO AND THAT FACT HAS NEVER CHANGED.

1-28-2015   Newshound Guru Mailman17   EVERYONE FORGETS IRAQS PAST...THINGS THAT WERE BROUGHT UP IN THE PAST BUT HAVE MAJOR IMPLICATIONS TO IRAQS FUTURE.   PHOSPHORUS MINES, THE 3-D GEOLOGICAL SURVEY ON IRAQS OIL NOT EVEN TAPPED (WHICH BY THE WAY IS DOUBLE WHAT THEY HAVE IN RESERVES RIGHT NOW) THEIR NATURAL GAS FUTURE. I BRING THIS UP BECAUSE IT IS FORGOTTEN...BUT PLAYS INTO IRAQS FUTURE AS THE LEADING ARAB NATION IN THE FUTURE.  THEY ARE LOADED...AND THEY WILL BURST OUT WITH A FLURY. THEIR REVENUE OUTSIDE OF OIL ONLY BACKS THEIR CURRENCY EVEN MORE. BELIEVE ME THAT THIS WAS AND WAS ALWAYS CALCULATED. THEIR MAIN OBSTACLE WAS GOVT...ESPECIALLY MALIKI...HES GONE. LET THE FIREWORKS BEGIN...JMO

1-28-2015   Newshound Guru Shredd    the dinar has appreciated via a managed float without any Article VIII compliance so, one could assume a continued move of the dinar rate, managed by the CBI, could continue but regarding moving to a free float that is market driven, that is the part others are saying is contingent on compliance and it makes no difference to me the method...we win either way.

1-28-2015   Newshound Guru sczin11   IT APPEARS WHAT WAS DISCUSSED IN THE UN-ANNOUNCED MEETING THIS PAST SUNDAY, HAS BEEN MADE OFFICIAL...THE CBI IS GOING TO PROVIDE MONEY TO THEIR LOCAL BANKS, IN ORDER TO CREATE LOANS FOR THE PRIVATE SECTORS, JOBS FOR MORE IRAQI CITIZENS, AND IS GOING TO BUY BACK BONDS TO SAVE THE GOVERNMENT ON INTEREST PAYMENTS, THUS AIDING IN THE "LIQUIDITY" ISSUES... 1-27-2015   Newshound Guru Aggiedad77   [will the CBI have to reveal the rate to the world when they do actually do the things you speak of or can they just keep on hiding it...?]  [reference Frank26 post below, 1-27-2015]   It is our opinion that when the CBI implements these things they talk of...they will have had to release a rate...to trade on the secondary market requires that a country have a recognizable currency...that to me is a key thing at this point...We just don't know when it will occur...hopefully Thursday...in the meantime we continue to watch what they do and say.

1-27-2015   Intel Guru Frank26   IOO…we believe the CBI is TALKING and talking loudly.  The Finance Committee has been crowing all day that they are soon to be ready, they worked through the night to have the budget prepared to present to the President of Parliament...done.  This means they should be voting on the budget on Thursday during their normal session starting at 1:00 pm Iraqi time…but there is nothing in stone yet that says we will see the budget on Thursday.  You will see or read that the budget has the 1166 rate in it, but that matters not….what matters is what the CBI is saying and what they have intentions of doing….what we still look for is when the CBI will work their magic...the CBI is in charge of this event, they work in conjunction with the GOI most recently, but the CBI is calling the shots...we don’t know the date or the rate…Just be ever so vigilant to what the CBI is doing and how they go about their business.  [post 2 of 2]

1-27-2015   Intel Guru Frank26   Article:   "CBI supports commercial banks and buy treasury bonds"  The article talks about the CBI doing three things: 1. They will be making 5 trillion dinars available to commercial banks for the purposes of loans…what kind of loans…loans for agricultural, industrial, and home loan/building uses.  2. They spoke of offering up to 50% of commercial bank reserves, up to 6 trillion dinars using this amount whatever it settles out to be to finance public budgeting... 3. And lastly, a buy-back of 5 trillion dinar in form of treasury bonds…this is to be done on the secondary market, meaning they must be doing this with a recognizable currency not something at the program rate….this would be a transaction with the world!  [post 1 of 2....stay tuned]

1-27-2015   Newshound Guru Enorrste   Article quote:  "end the central bank to formulate a preliminary draft of the new law and amend the Banking Act, which will work together with the amendment influential investment law in order to boost economic development in the country..."   We must all recall that the "plan" has essentially been in place since 2007.  It was only due to Maliki's intransigence that the "plan" was not put into place.  This means that the CBI is "ready" to roll all of this stuff out at a moment's notice.  Ironically, the drop in oil prices appears to be the catalyst that is forcing the rollout of the "plan" as soon as possible.  Abadi knows that the only way to save his country economically is to broaden the economic base, and that can only be accomplished by enacting the new banking law (which this article indicates is now in the works), liberalizing the exchange (our investment), and bringing in new money from outside to effect the change and solve the financial crisis in the country.

1-27-2015   Newshound Guru Kaperoni   Article quote:  "The CBI has decided to take the necessary measures to boost liquidity in the banking system and simplify the sale of foreign currency procedures in order to facilitate the stability of the market and exchange rate measures."   This is sorta a big deal...In the past the CBI has been reluctant to fully liberalize the sale of foreign currencies because of the currency smuggled or leaving Iraq.   If this continued it could reduce the CBI reserves.  Therefore for them to be doing so, they either have a handle on where the money is going or being used or they have curbed the problem enough to try to fully comply with the IMF.  Either way, and for whatever the reasons, its good news for us.  The sooner they are in compliance, the sooner they can exit Article XIV and move to Article VIII.  I also was looking for the "official" press release confirming they were taking these measure and today that was posted on the CBI site.  We should see some changes in the Market Rate in short order now.

1-27-2015   Intel/Newshound Guru tman23   Jabouri said A CUSTOMIZED PARLIAMENT SESSION will be held Thursday...They will vote on the budget...But to customize may indicate that a number of other laws are going to be presented for vote...LIKE ALL AT ONE TIME AND BEFORE FEB 1st.

1-27-2015   Newshound Guru Shredd    Article quote:  "The central bank also decided to buy Treasury bonds from the secondary market, where the central bank will buy about 5 trillion dinars in the first phase of these bonds," adding that "the above procedures for upholding the private reserves of the Central Bank."   The CBI is participating in this process to stimulate investment in the secondary market, to the public sector and at the same time benefiting from this favorable process to uphold its reserves.  By the way, this of course, will substantially support adding strength to the dinar. it's all good...so much proof that the central bank and the GOI are working together to now bring economic growth to the country and that translates to Iraq getting out of a dual currency situation.  IMO, this is also proof that both entities know the dinar is stronger than the dollar to be working on making this move...

1-27-2015   Newshound Guru Enorrste   Article quote:  "Revealed the appearance of Mohammed Saleh economic adviser to Prime Minister Haider al-Abadi for near immediate reform policies in the country, and Saleh said that there are reformist policies going to go out soon, adding that those policies will serve the Iraqi people, despite the circumstances through which the country..."   What is especially appealing about this announcement is that they are moving forward "despite the circumstances" having to do, presumably, with the security situation.  ..."reformist policies" must refer to economic policy and in particular to the CBI role in changing the exchange rate regime.  Since it is  Saleh who is making this announcement this must have to do with the CBI rather than the COM.  Saleh is the "go between" between the GOI (Abadi) and the CBI.  Therefore, I feel confident that this article is referring to the change in the exchange rate regime.  It is great news indeed.  Now all we need to know is the meaning of "soon."  LOL

1-27-2015   Intel/Newshound Guru Poppy3  multiple CHARGES AGAINST MALIKI, THE FIRST OF 25 PLUS CHARGES BEING FILED AGAINST HIM INCLUDING MANY MAJOR CHARGES OF FRAUD, THEFT AND EVEN MURDER.  THIS INFO FROM SEVERAL SOURCES.  HIS GOOSE WILL BE COOKED VERY SOON. THIS KEEPS HIS NOSE OUT OF ECONOMIC REFORM.  ABADI'S PEOPLE HAVE OUT MANEUVERED HIM AND COMPLETELY SURROUNDED HIM AT EVERY JUNCTURE SINCE THEY HAVE BEEN PUT IN POSITION TO DO SO. IT HAS TAKEN MORE TIME THAN WAS THOUGHT BUT HAS BEEN DONE IN THE MOST EFFECTIVE WAY TO MAKE SURE HE IS COMPLETELY OUT OF THE WAY. 

1-27-2015  Newshound Guru Aggiedad77  This is my opinion...I believe they are communicating that they (CBI) knows what the rate should be....and through their reserves, currency, but mostly the hard reserves they have gold and such...they can cover things out to 1.5 times...we've seen this statement from them on several different occasions and to me it is very positive on their part to be saying this...They know they have solid reserves...the world knows they have solid reserves...just keep watching for who is truly in control...the CBI wants to talk.  

1-27-2015   Newshound Guru Mailman17   IRAQ IS A GOLDMINE. GOLDMINES START STRONG AND BUILD...IMO...DEDOLLARIZATION IS THE KEY...AND THE IRAQIS MUST HAVE FAITH IN THEIR OWN CURRENCY FROM DAY ONE...AND SEEING AS THEIR ECONOMY IS BASED ON THE VALUE OF THINGS PURCHASED AGAINST THE VALUE OF THE DOLLAR...I TRULY SEE THEM COMING OUT LIKE SHABS SAID...ON PAR OR A LITTLE BETTER...STAY FIXED...THEN OPEN THE MARKET DOWN THE ROAD WHEN STABLE...THE PRINT TELLS US WE ARE CLOSE, REAL CLOSE...AND IRAQ IS A LOT BETTER THAN MOST THINK IN REGARDS TO SECURITY...JMO. [Post 2 of 2]

1-27-2015   Newshound Guru Mailman17   WE HAVE SEEN IRAQ TAKE GREAT STRIDES TO NOT ONLY GET THEIR GOVT IN CHECK BUT THEIR ECONOMY READY FOR GLOBAL RECOGNITION. SHABS HAS STATED MORE THAN ONCE IN THE PAST THAT THE CBI'S GOAL WHEN ENTERING A MARKET ECONOMY WAS TO BE ON PAR...ON PAR WITH THE DOLLAR.  IRAQS ECONOMY HAS BEEN LINKED TO THE DOLLARS VALUE SINCE 2003. THE U.S. DOLLAR WAS USED MORE IN TRANSACTIONS THEN THEIR OWN DINAR...DAILY. THEY HAVE ENOUGH RESERVES BACKED BY FRACTIONAL BANKING (15-1) (NOT 10-1 AS SOMEONE ELSE STATED) TO ATTAIN A 1-1. WITH A 4MBD OUTPUT, MOST LIKELY TO FAR SURPASS THAT IN THE NEXT FEW YEARS NOT TO MENTION THE OTHER RESOURCES SUCH AS NATURAL GAS AND PHOSPHORUS. YES, PHOSPHORUS...THEY HAVE ENOUGH TO BRING THE WORLDS RESERVE BACK TO 100% AS IT IS USED IN A LOT OF THINGS LIKE STEEL AND MEDICINE...ECT.  [post 1 of 2....stay tuned]

1-27-2015   Newshound Guru sczin11  I STILL AM A BELIEVER THAT THE BUDGET NEEDS THE RV TO BE EXECUTED THE WAY THEY INTEND IT TO BE...THE REVERSE TO ME IS LESS SIGNIFICANT, MEANING RV DOESNT NEED BUDGET...  

1-27-2015   Newshound Guru Chattels  IF THE BUDGET ARRIVES AT PARLIAMENT TOMORROW THE NEWS SAYS WE MAY HAVE A VOTE, BUT IF NOT THEN MAYBE NOT UNTIL NEXT WEEK.  I AM BEGINNING TO ASSIGN GREATER SIGNIFICANCE TO THIS BUDGET THAN YEARS PAST.  INTERESTINGLY ENOUGH THERE WAS MENTION OF THE IMPORTANCE OF THE BUDGET IN DISCUSSIONS ON NATIONAL RECONCILIATION.  CERTAINLY IT IS A "HUGE" BUDGET/ISSUE FOR THE KURDS, AND I DO NOT USE THE WORD "HUGE" LOOSELY.  IT MAY NOT "TRIGGER" OUR EVENT, BUT OUR EVENT MAY NOT PROCEED WITHOUT IT.

1-27-2015   Newshound Guru sczin11    RE: CBI, MAJOR DETAILS COMING IN MANY VERSIONS, OF THE RELEASE TODAY ON THEIR WEBSITE, WHICH IS BASICALLY THE FINALIZATION OF THE UNANNOUNCED MEETING THEY HAD ON SUNDAY...THEY ARE TAKING CHARGE, AND MY MAJOR QUESTION IS, WHO IS RUNNING THE SHOW?   I FIND IT VERY UNLIKELY, KEYWORDS (LOL), ALI MOSHIN ISHMAEL IS MAKING THIS HAPPEN...JMHO

1-27-2015   Intel/Newshound Guru Poppy3  NEWS IS FULL OF SOLID GREAT NEWS...WE WILL BE SINGING WE ARE IN THE MONEY ANYTIME NOW.

1-27-2015  Newshound Guru Millionday  THEY ARE EXPECTED TO VOTE ON BUDGET ON THURSDAY "...the parliamentary Finance Committee announced today that the parliament session next Thursday will vote on the budget bill..."  THIS IS ANOTHER STATEMENT SAYING THURSDAY IS BUDGET VOTE DAY.    THE HCL IS GOING ALONG VERY QUICK FINALLY -- I REMEMBER A TIME THEY THOUGHT IT WAS DONE ---  THE NEXT SESSION MAY HAVE THE HCL WITH ITS AGENDA.  [when is there next session...Thursday?]  YES I BELIEVE IT IS BUT THEY HAVE STEPPED UP THEIR SESSIONS SO IT COULD BE SOONER...

1-27-2015   Newshound Guru Aggiedad77   Article:  "Will approve the financial budget for 2015 on Thursday"   With optimistic expectations some are saying the budget will be approved on Thursday....the deficit appears to have been reduced to 21% from what they are also saying.....can't wait to see what this will bring.

1-27-2015   Newshound Guru Mailman17   ANYONE WHO THINKS IRAQ WILL ANNOUNCE THEIR CURRENCY TO THE WORLD IN AN OPEN MARKET AND LEAVE IT AT 1166 HAS A NUT LOOSE. THAT WOULD BE A SLAP IN THE FACE TO THE CBI, IMO. WHEN THEY COME OUT...THEY WILL COME OUT STRONG. OVER A 1-1 GUARANTEES DE-DOLLARIZATION WITHOUT STICKER SHOCKING THE LOCALS.  A FLOAT DOES NOT DE-DOLLARIZE...PERIOD. IF THEY WANT TO GO TO A FIXED AND MANAGED RATE TILL THINGS SETTLE...THEN LET THE DINAR BE MARKET DRIVEN...FINE...THATS SOUNDS MORE LIKE A PLAN THEY CAN MAKE ADJUSTMENTS WITH DAY TO DAY...EITHER WAY THE PRINT TELLS US THEY ARE READY TO MOVE AND IT LOOKS LIKE BY FEB 1 COULD BE OUR WINDOW. AS ALWAYS, JMO.
1-26-2015   Newshound Guru sczin11   THE FACT IS...IT CAN HAPPEN AT ANY TIME...IT IS IN THE PROCESS, AND GOING ON... CAN IT GO PAST WEDNESDAY, OF COURSE ...AS LONG AS THE NEWS RELEASES CONTINUE IN A POSITIVE WAY, AND THERE ARE NO CURVE BALLS THAT SHOW UP....WE ARE IN THE RIGHT PLACE! JMHO.

1-26-2015   Newshound Guru Aggiedad77   Article:   "Parliamentary Energy reveal an alternative draft oil and gas law of former Law"  The Council of Ministers is currently working on a draft of an alternative oil and gas law....one that is away from the original draft which they say was full of disagreement and problems...in typical Iraqi rhetoric they are saying the new draft will be presented to Parliament in coming sessions...soon...we shall see...maybe it will get ignited later this week if the budget gets passed and is out of the way.

1-26-2015   Newshound Guru Tlar   Now with the CBI's backing and support,  the Abadi government should have no problem raising the funds necessary to proceed.  IMO keywords is showing he is on board with this move and ready to go to the wall for the Abadi government.  Another good sign IMO we are very close.  One more thought.  Kuwait postponed their payments in 2015 and Egypt just relaxed their debt  for oil shares.  Abadi is truly clearing the way for Iraq  to come out of fog in 2015 and quickly participate in a successful 2016.   The pass he just made, visiting all the countries he just visited, IMO he was selling oil attempting to gain new markets and increase existing markets, and making sure that those countries were on board to shortly accept the dinar in trade.  It is of benefit to all their trading partners to now accept the dinar, and shortly they will.  Abadi is a very smart guy.  [post 2 of 2]

1-26-2015   Newshound Guru Tlar   Article quote:  "decided CBI, take the necessary measures to boost liquidity measures in the banking system and the simplification of foreign currency sale in order to facilitate the stability of the market and exchange rate measures."   The CBI just paved the way for the government to implement all their new programs by this move.  Between the 2 million loan from the IMF and the CBI backing the government by financing the debt, the government is now free to move.  The CBI announced that they have 1.5 times in reserves for all the dinar out covering every dinar 1.5 times.  That is much more than they need to back their currency especially circulating currency.  It's obvious to me Keywords is on onboard and trying to help the government achieve a successful transition to a market economy or why do this?  You only have to ask yourself this question.  Would the bank under Shabibi, or Turki loan money or back government instruments prior to this government?  The answer has to be a firm no.  Both  stated they would not loan money to the government.  [post 1 of 2....stay tuned]

1-26-2015    Intel Guru DC   [via FlPatriot59]    Everything is still within the window and ready. Iraq is finalizing their checks. The USA is in a wonderful state and it's "let's go." Everybody got back in town and more paper work was signed. Parliament announced via TV they are ready for the economic reforms "like the CBI."  My understanding is there were quite a few meetings yesterday and teleconferences this morning. Those all came back with green light. This is what we are receiving, but things can change. But my expectation is that it won't.  Rates are still on the cards are 3.58. Still will be in the mid-3's. Everything is beautifully lined up...

1-26-2015   Newshound Guru Enorrste   ...within the next 30 to 60 days we will see the beginning of the rise in the value of the dinar.  I don't expect a major announcement, however.  Instead, I believe the street rate will come down to the official rate and then pass it, at which time the CBI will either "ratchet" the official rate on occasion to keep pace with the rise in the street rate value, or, more likely, make an official change in the exchange rate regime to link the street rate and official rate, thereby initiating the float.  After that, some months probably, they will move to Article VIII.  At that point the investment will substantially increase into Iraq, even beyond whatever Abadi is able to get started from last weekend's conference, since Iraq will be playing in the 'big boy" ballpark under the same rules as the rest of the world.  I am quite optimistic, in case you did not notice!

1-26-2015   Newshound Guru Chattels   "Speaker: Parliament to vote on 2015 budget law draft on Thursday session  Monday, 26 January 2015 15:52"  "Baghdad (AIN) –The Speaker of the Iraqi Parliament Salim al-Jubouri assured on Monday that next Thursday session will witness voting on 2015 federal budget law draft."  now the foregoing sounds "official" and it is to be on the agenda!

1-26-2015   Intel Guru Jester   THEY ARE TRYING TO MAKE THE OIL CREDITS WORTH LESS TO DELAY THINGS... MY OPINION...THEY ARE WORTH WHAT THEY ARE WORTH... ABOUT $30-32 PER BARREL... NOW AND FOREVER...[Does it really matter what the price of oil is in the long run. It's been overinflated for years.]  WELL EVERYTHING DEPENDS ON WHAT SOMETHING IS WORTH... YOU BETTER HOPE IT DOES... BECAUSE THEY WILL NOT LIKE TO HAVE YOUR DINAR IF THE OIL CREDITS ARE WORTHLESS...I HOPE THAT IS CLEAR ENOUGH... THEY DO NOT HAVE ENOUGH MONEY TO CASH OUT EVERYONE WITH DINAR WITH THE MONEY THEY HAVE...ISN'T POSSIBLE... SO UNLESS THE OIL CREDITS ARE UTILIZED FOR FUTURE WORTH THEN THIS SCENARIO IS OVER AND WE SHOULD ALL JUST GO HOME...IF THE OIL CREDIT SCENARIO GOES FUBAR WE ARE SCREWED...

1-26-2015   Newshound Guru Aggiedad77   looks like the start of a bright week ahead for a number of issues...maybe the primary focus this week will be the 2015 budget...it appears poised to tee up for a vote on Thursday.....Maliki's name is back in the news again...and along with his name comes the words corruption and deceit.

1-26-2015   Intel/Newshound Guru tman23   What I have been seeing is 50% cuts...one Ministry went from 450 billion to 1.350...so we have seen as much on an average of 3.2 in cuts...The estimates are 58 billion in oil revenue for 2015 at 4 million barrels per day...They have been playing with the numbers but past numbers figured out to balance the budget would require around 3.40 rate... REMEMBER...they get paid in petro dollars so the deficit can be multiplied by the rate for purchasing power.

1-26-2015   Newshound Guru Chattels  the budget is day by day so there is really no delay, it just has not gotten done yet.  [I saw in the Forum News that it is Thursday...]  there is " talk " of Thursday, but my sense is that it really is " ASAP".

1-26-2015   Newshound Guru tlm724   Article quote:  "Mr. Minister of Planning Dr Salman Jumaili ministry announced the completion of an economic plan for the years 2015-2018 in light of the government program"  tells us 1. they know what they have to do   2. they know how to do it and   3. they know what funds they have to implement it   4. this is the shift to the free market economy   5. this is why there are changes going on at the CBI also.  Abadi developed the plan the MOP followed up and got it done!  Amazing progress, I am very excited!  [finally the timing is looking good for all of us.]   I concur...

1-26-2015   Intel/Newshound Guru Poppy3  TWO OF MY SOURCES ARE STILL SAYING WE SEE A NEW RATE NO LATER THAN FEB 1. THINGS  ARE SOUNDING LIKE THEY ARE GOING TO BE DEAD ON THE TARGET. 

1-26-2015   Newshound Guru sczin11   THE CBI MET TODAY [SUNDAY], AND ANNOUNCED TO THE WORLD THEY ARE READY TO SUPPORT THE DINAR AND ARE COMPLYING WITH INTL REQUIREMENTS, AKA CLEANING UP THEIR CORRUPTION, WILL BE A WATCHDOG, AND ALL MONIES ARE SAFE WITH US...  LOOKING AT WHAT HAS TRANSPIRED OVER THE LAST WEEK PLUS, ESPECIALLY A FEW DAYS AGO WITH MINISTERS OF FINANCE, OIL , PLANNING, PRIME MINISTER AND CBI IN SAME ROOM...WHEN HAS THAT HAPPENED IN THE PAST...ABADI SPEAKING IN DAVOS, MONEY TRANSFER COMPANIES BEGINNING TO TRADE ON ISX,  BTW, 3 ARE SCHEDULED 1ST WEEK IN FEB...AND NOW THIS TODAY. 1-25-2015   Intel Guru Mnt Goat   Iraq announced on Saturday they would have the final budget, with any corrections, to the council of representatives (parliament) by Tuesday 1/27 and that parliament is expected to hold the final vote on Wednesday 1/28.  ... follow the 2015 budget final voting session. From this you will know how close we are to the RV.  Does Iraq technically need the RV to open their budget and spend it? ...NO! However they would like to align the budget with many of their new laws that mandate and legalize the spending of the budget money.  This is why I am now hearing too that there is a very high probability that Feb 1st will not come and go without an RV.  [post 2 of 2]

1-25-2015   Intel Guru Mnt Goat   I am bringing you very good news and very optimistic news...I am now hearing from all channels of my sources from the CBI, IMF and from my contacts in the USA. They tell me now the RV is strictly in the hands of the Iraq government and the CBI is simply waiting for the final go –ahead from them. All agreements have been signed and Iraq has stated that they want to RV to happen on their time schedule and not be forced into a date. The agreement contains a window from yesterday to Jan 31st. There is also a debate about the rate but I am hearing they have settled this now too.   [post 1 of 2....stay tuned]

1-25-2015   Intel Guru TerryK   TALKED TO A FEW SOURCES LAST NIGHT AND THIS AM.  THEY ARE ALL ON THE SAME PAGE THAT THIS IS OUR WEEK.  BUDGET IS TO BE POSTED EITHER TONIGHT OR TOMORROW IN THE PAPER.  ARTICLES BEEN READING INDICATE THIS IS OUR WEEK...ALL SOURCES HAVE INDICATED THIS IS THE WEEK SO I WOULD SAY TUE NIGHT WED MORNING WHEN THE BANKING SYSTEMS ALL SYNC.  TWO OF MY SOURCES...WHEN I CHATTED WITH THEM THIS MORNING THEY INDICATED THAT IRAQ IS MOVING FORWARD...SO THEY WERE BOTH PRETTY PUMPED.  ACCORDING TO WHAT I'M BEING TOLD THIS IS IT.

1-25-2015   Intel/Newshound Guru Poppy3    I THINK THAT...ALL BANKING LAWS MUST BE IMPLEMENTED BUT FROM ALL POSTED IN INK NEWS THEY WILL ALL BE DONE TOGETHER AT ONE TIME. THE REASON FOR THAT IS SO MANY OF THEM DEPEND ON THE OTHER THEY MUST IMPLEMENT THEM ALL TOGETHER.  WHAT MANY OF US INVESTORS HAVE NEVER UNDERSTOOD THAT ALL THESE LAWS NEED ONE ANOTHER TO HAVE ANY SUBSTANCE OF POSSIBLE ENFORCEMENT.   I THINK...WE ARE SETTING ON TOP OF A POWDER KEG READY TO EXPLODE WITH BUDGET, LAWS, RATE, ETC. NOT NECESSARILY IN THAT ORDER BUT WE ARE THERE UNLESS SOMETHING REALLY DRASTIC HAPPENS FIRST. 

1-25-2015   Newshound Guru Stryker  [When will the budget get approved so we can see it take place?]  IMO, it will be approved this week...

1-25-2015   Newshound Guru Aggiedad77    Article:  "Parliament to end the first three laws of reading"  More reading on laws by Parliament yesterday... meanwhile they did nothing on the budget...they do recognize the need to get the budget vote sped up which is a good thing...I'm still looking for completion by the end of January...depends on who you talk with in the Finance Committee as to whether you believe they are actually done with the budget and ready for a vote....look for more by Wednesday.

1-25-2015   Newshound Guru sczin11    ***  BREAKING NEWS ***  JUST RELEASED...12:05 PM EST SUNDAY JANUARY 25, 2015  "Member of the Finance Committee: 2015 budget will be approved next Thursday".

1-25-2015   Newshound Guru MyLadies   I THINK WHEN YOU TAKE THE GLOBAL CORRECTIONS THAT ARE TAKING PLACE, THE STRIFE IRAQ IS FACING WITH OUT A CURRENCY, THE MESSAGE ABADI SEEMS TO BE SENDING TO DUKE AND DUKE AND THE REASONING FOR THE JOB BEHIND THE DINAR I HAVE TO CONTINUE TO SAY WE ARE SO VERY CLOSE...STAY ALERT FOR THE SIGNALS....VERY VERY VERY SOON I THINK WE WILL BE OFF THIS RIDE AND ON TO BIGGER BETTER THINGS.

1-25-2015   Newshound Guru Millionday   THERE WAS A HUGE ECONOMIC FORUM IN IRAQ TODAY [SATURDAY] THAT WAS TO ACTIVATE THE PRIVATE SECTOR AND THE LAWS PERTAINING...APPLICATION OF ALL OF THESE LAWS INCLUDING THE HCL...ALL AT THE SAME TIME.   THEY NEED TO MOVE FUNDS IN AND OUT OF IRAQ FOR THIS TO ALL WORK SO THEY ARE FACILITATING THAT.   IN ORDER TO MOVE FUNDS IN SIDE AND OUT AND FACILITATE THAT -- IT HAS TO BE INTERNATIONALLY RECOGNIZED.

1-25-2015   Newshound Guru tlm724    Iraq has control of their destiny now, no more restrictions or sanctions, they have a mostly unified GOI and strong leaders blazing the trail. They are applying the monetary reform and have a new CBI Law and the Banking law plus the Investment Law amendments ready for parliament.  there are several factors confirms the possibility of the high value of the dinar against the dollar...the most prominent is the existence of a great desire for investors Foreigners buying the Iraqi dinar.  I am sure there are way more entities buying dinar than just us lil investors...countries buying it for the foreign reserves, large investors etc.   the fact that there is a "great desire" is very encouraging because remember supply and demand helps raise the value as well...in addition to having an excellent cash reserve, which covers the local currency...plenty of money to cover all the dinar out by 150 % ...there is no reason why the CBI should not let the dinar loose, get it off the programed rate...

1-25-2015   Newshound Guru Aggiedad77    Article:  "Decision: Parliament will not shut down this week, but after the adoption of the budget"  ...encouraging news it is...they will not take weekend breaks until the budget has been voted on...well get 'er done then...maybe Wednesday or sooner...

1-25-2015   Intel/Newshound Guru Poppy3   THE NEW RATE IS VERY NEAR.   THE RATE HAS TO BE ABOVE THE USD IN VALUE AND MY OPINION THE LOWEST WOULD BE BETWEEN $1.25 TO $1.50 BUT I REALLY AND ALWAYS HAVE THOUGHT THEY WILL TAKE THE JUMP TO $3.00 PLUS TO HELP QUALIFY FOR ALL THEIR NEW LOANS, PAY BILLS, AND SUPPORT THEIR BUDGET.   ANYTHING LESS WILL MAKE IT TAKE YEARS MORE TO RECOVER AND DEVELOP MUCH LESS REBUILD THEIR INFRASTRUCTURE.
 
1-25-2015   Intel/Newshound Guru tman23     AT SOME POINT IRAQ WILL HAVE TO MAKE THE DECISION ON THEIR CURRENCY, I AM OF THE OPINION THE DECISION HAS BEEN MADE AND NEXT WEEK WILL BE MOST REVEALING... The Budget will be voted this coming week and expect to see the real fireworks on or before 1/28.

1-25-2015   Newshound Guru Millionday    [I am extremely excited but would be more so if that post came from the CBI.]  THE REASON I AM EXCITED IS TWO FOLD -- ONE THEY ARE OPENLY TELLING THEY ARE GOING TO THE GLOBAL MARKET AND TWO -- THEY ANNOUNCED THAT THE GOV IS READY AND THAT CAME FROM THE GOV --- CBI HAS STATED A LONG TIME AGO THEY ARE READY IN OPEN ANNOUNCEMENT.   Quote:  "Revealed the appearance of Mohammed Saleh adviser to Prime Minister Haider al-Abadi Economic Affairs proximity of key economic laws contribute to the recovery of the Iraqi market and investment opportunities."  NOW WE ARE HEARING WHAT FROM SALEH?  HE TOO IS STATING IN OPEN THAT THEY ARE HEADED TO A MARKET ECONOMY AND DEVELOPMENT FOR IRAQ.  [post 2 of 2]

1-25-2015   Newshound Guru Millionday   Article quote:  "Iraqi dinar, in addition to having an excellent cash reserve, which covers the local currency, as well as the dinar currency traded publicly in the global currency markets."  GLOBAL CURRENCY MARKETS -- THEY ARE GOING TO FOREX...WHOOPOW!   THAT MEANS BACK TO A REALITY RATE FOR THE MARKET.  [When will they start trading on Forex?]  THEY SAID THAT NOW IS THE TIME TO TAKE THE CHANCE WITH IT...THIS GOES WITH THE ANNOUNCEMENT THEY MADE TO THE CITIZENS ABOUT BEING READY IMO.  THEY ARE ANNOUNCING THAT THEY ARE RAISING THE RATE HIGH AND GOING TO GLOBAL MARKET -- THAT IS NOT NORMALLY ANNOUNCED A LONG TIME BEFORE THE MARKET ENTRY.  [post 1 of 2....stay tuned]

1-25-2015   Intel Guru TD   Based on chats with my Kurdish amigo (treat all as rumor and please due your own sound diligence) there really is no earth shattering enlightening news to speak of .   Abadi acknowledges at the economic forum that in light of oil prices declining, the urgent need of Iraq to embrace with all capacity iraq's urgent need to transform its economy into a broad market driven economy with development into many areas of growth. In the meantime economists and the CBI are again patting each other on the back regarding keeping the dinar at a stable rate in spite of many challenges and strong head winds.  So really there isn't much new to report as the push to achieve state security overwhelms all else and the economic reform progress is in its infant stage.

1-25-2015   Newshound Guru My Ladies   THE BUDGET WAS NOT VOTED ON AGAIN BIG BIG SURPRISE...NOT!!  PARLIAMENT CAME, THEY SAW, THEY LEFT...THEY VOTED FOR NOTHING AT ALL, NO BUDGET, AND NOTHING NEW.   WE ARE NOT WAITING FOR A RATE IN THE BUDGET. WE ARE SIMPLY WAITING FOR THEM TO PASS THE BUDGET. WHEN THEY PASS THE BUDGET THEY WILL NEED TO BE INTERNATIONAL...AT THE PRESENT TIME IRAQ HAS A PROGRAM RATE THAT CAN NOT BE USED ON THE INTERNATIONAL STAGE. SO WE ARE WAITING FOR THEM TO JUST GET THEIR CURRENCY BACK AND HAVE IT BE TRADABLE AT WHATEVER RATE.
1-24-2015    NewshoundGuru Chattels    i opined earlier this week that i believe that the budget bill will be on the desk of the President for signature by February 1st.  

1-24-2015    Newshound Guru Kaperoni   the currency cannot wait 4 years.  I believe the dinar will start this year in 2015.  But people need to realize this is much more than the currency...its the whole transition to a market economy.

1-24-2015    Newshound Guru Aggiedad77   Article:  "Finance Committee confirms the possibility of adoption of the budget during the current week"  A member of the Finance Committee spoke and has related that the committee is ready to push the budget for 2015 back to Speaker of Parliament for a vote probably later this week...will that be on Monday...remains to be see at this point...

1-24-2015   Newshound Guru wmawhite   [WE HAVE SEEN A RELEASE THIS MORNIG FROM RAFIDIAN IN UAE, STATING QI CARDS LOADED FOR RETIREES THERE...] I believe the Qi Cards are another indicator...an item that is dependent upon the IQD changing status within the central banking system (BIS).  All credit card transactions conducted internationally move through the central bank system which includes the BIS...the BIS is the world's central bank accounting system...keeping track of who owes what.    ...the IQD will need to be recognized by the BIS, the U.K...everywhere.

1-24-2015   Newshound Guru Tlar   [how important do you think it is to have someone other than 'Keywords' as the Governor of CBI for this to go down? (like maybe getting Shabibi back in the saddle?).]   As far as Shabibi getting back in the saddle, I don't think we will see that although I believe he is consulting with the CBI.  Being the architect of the plan, he is a valuable resource.

1-25-2015   Newshound Guru sczin11    [I saw where you said, "Shabibi is on deck". What do you mean by that?]  [reference OOTW & sczin post 1-23-2015]   I AM A BIG BELIEVER HE WROTE THE PLAN, HE UNDERSTANDS THE PLAN, HE HAS GREAT CONNECTION WITH IMF, THE PEOPLE OF HIS GREAT COUNTRY LOVE HIM, YES, I BELIEVE HE WILL BE GIVEN THE HONOR, THE PRIVILEDGE, TO PLACE IRAQ ON THE WORLD TRADING PLATFORM!

1-24-2015   Newshound Guru Millionday   THE SPEECH GIVEN BY ABADI TODAY [FRIDAY] AT THE ECONOMIC CONFERENCE...IS VERY POSITIVE AND HE IS VERY CLEAR THAT THEY HAVE TO MOVE FORWARD WITH REFORMS AND THEY ARE IN NEED OF THE FOREIGN INVESTMENTS.  ABADI PLEDGED TO ADVANCE THE ECONOMY OF IRAQ AND ASKED FOR HELP DUE TO THE MOVE FROM FOREIGN COUNTRIES WITH SECURITY ETC. THAT SAYS A LOT -- THE RESULT WOULD BE THE REMOVAL OF TERRORISM FROM DAASH.

1-24-2015   Newshound Guru sczin11    NO ONE SAYS IT IS DELAYED...IT IS A VERY COMPLICATED PROCESS, AND A VERY DETAILED PLAN TO EXECUTE.  THE PROCESS, HAD TO BE ESTABLISHED...AND THEN YOU HAVE THE MALIKI CREW TO BE DEALT WITH...WE ARE IN A GREAT PLACE, AND SHOULD ALL BE PROUD OF WHAT HAS BEEN ACCOMPLISHED THUS FAR...DR. SINAN AL SHABIBI, IS WAITING FOR THE CALL TO DUTY!

1-24-2015   Newshound Guru Kaperoni    ...the recent articles from the CBI indicating they are ready to “participate and promote development” are encouraging.  I want to point out that Dr. Bakri [Economist]  states the dinar "first needs to improve" (raise in value) before they can move to Article VIII.  In other words, the float may be institutional and gradual before they accept Article VIII and a new Exchange Regime.  I also get the impression that the dinar can be convertible worldwide without technically accepting Article VIII.  And lastly, he says... "improvement comes through delete some zeros"  which to me again seems to imply a gradual appreciation because as the dinar rises, zeros begin to go away...   he did...confirm the process is moving along, that the reforms are happening, and there is promise...and more importantly the new GOI is moving in the right direction.  Iraq's economy is complex for sure. But I don't think what we are looking for will take much longer.  As for currency reform, the timing will be kept secret within the CBI...

1-24-2015   Newshound Guru wmawhite  Iraq has told us that they want to join the world financial markets...and they want investors...in order to do both Iraq via the CBI has to promote confidence in the IQD...to do that the CBI needs to add value to their currency.

1-24-2015   Intel Guru TerryK   ...A LITTLE BIRDIE CALLED ME ...AND TOLD ME THAT WE SHOULD SEE OUR BLESSING THIS SUNDAY...I GUESS ABADI PULLED SOME STRINGS.

1-24-2015   Newshound Guru Tlar   One thing I have always thought is that any change in value will have to come just before the budget is printed in the Gazette.  If that is true then it follows they can't pass the budget without first changing monetary policy.  If this is true then it might answer the question of why the budget is taking so long to fix.  Iraq seems determined to pass this budget quickly and all parties are on board, but to make the changes and modifications should not take weeks as it has done already especially in light of the fact that they are in such a hurry.  Word processors should be able to do this overnight.  Not take weeks.  Something else IMO is holding up the vote and I think its the rate.  Both readings are done leaving only the vote but they keep putting it off.  My personal opinion is that the hold-up is the rate and we won't see a vote until we see monetary change because IMO the budget cannot be opened at 1166.  As I say this, we all know this is Iraq so we know they CAN open it at 1166 but IMO they won't.
Read more: http://www.dinarguru.com/#ixzz3Qgk2JFZh

1-23-2014   Newshound Gurus OOTW & sczin11   "Ministry of Planning and develop an economic plan for four years"   THIS IS ALL GREAT NEWS EVERYONE - UNDER THE AGREEMENT WITH UNITED NATIONS DEVELOPMENT PROGRAM, IRAQ ISSUES A 4 YEAR NATIONAL DEVELOPMENT PLAN - THE LAST ONE WAS AUTHORED UNDER THE MALIKI REGIME, AND WAS NOT FAVORABLE RE CURRENCY REFORM  - AND SO NOW THEY'RE TELLING US THEY'RE WORKING ON A NEW PLAN, FOR THE NEW IRAQ - GREAT NEWS. WHAT A DAY OF NEWS...WHAT A WEEK OF NEWS...DR. SINAN AL SHABIB IS ON DECK!

1-23-2015   Newshound Guru Millionday   [doesn't the rv, take care of many of their problems quickly?]   MY POINT EXACTLY AND HOLD OFF ON INVESTORS WOULD NOT MAKE SENSE EITHER -- THE OTHER COUNTRY`S HAVE TO MAKE MONEY AS WELL AND THE GLOBAL CONDITION WOULD BE IMPACTED BY THIS NEW MARKET -- IT MAKES ECONOMIC SENSE. WITH ALL WE ARE SEEING IT IS GETTING EXCITING -- I AM STILL IN SHOCK OVER THE GOV AND CBI STATING THEY ARE READY TO MOVE FORWARD.  THEY NEED IT NOW -- ALL REFORMS AND ADVANCEMENTS -- THEY NEED RIGHT NOW.  REMEMBER THEY ARE IN A HUGE HURRY WHEN YOU COMPARE TO WHAT WOULD HAVE HAPPENED IN THE PAST...

1-23-2015   Newshound Guru Tlar    Speculation on my part but they seem to be accelerating this economic program to free the economy and keywords seems to be on board with everything ready to support it.  ...things are getting pretty exciting.   My belief of a $3+ RV has not changed.  It is my belief and best guesstimate based on pieces from different articles is that there is less than 1 trillion dinars circulating in Iraq today.  It would be IMO a no brainer for them to be able to justify and support this figure of $3+.  IMO we will know the real truth soon.  [post 2 of 2]

1-23-2015   Newshound Guru Tlar   Sure looks like they are getting ready to open the doors for international business.  I love the fact that both the government and the Central Bank are on record as saying they are ready.  I also love the article stating the bank will assist in raising employment and and assist in economic growth.  Looking at all the recent articles one can help but feel we are on the cusp of seeing real changes including monetary change.  Keeping my fingers crossed that we are close especially with the 4 yr economic plan from the planning ministry starting in 2015.  I think it is more than possible that we will see everything implemented within the next twelve days based on what I have seen and maybe sooner.   [post 1 of 2....stay tuned]

1-23-2015   Intel Guru DC   [via Adept1]     Not much has changed:  everything continues to look very positive in Iraq and the US.  All checks and tests have been successful.  Everyone is prepared for when Abadi and the Iraqi teams get back from Davos.  Everyone is ready to go, not expecting anything until Saturday on.  [Do you think it will happen before 1. February, which is next Sunday?]  Yes, I do.

1-23-2015   Newshound Guru Millionday   [how does a currency become international?]  THEY RELEASE IT TO THE MARKET AT A REALITY RATE -- THEY ARE NOW RELEASED FROM SANCTIONS BUT THEY WILL ACTIVATE THE LAWS THAT MOVE THEM TO A MARKET ECONOMY SO THEIR CURRENCY IS PRICED PER THE INTERNATIONALLY COMPLIANT PRICE INDEX CALCULATION...  [How many laws do they need to activate?]  I DONT HAVE A COUNT BUT IT IS THE LAWS THEY HAVE BEEN DISCUSSING AND WORKING ON FOR INTERNATIONAL INVESTMENT BECAUSE THE MARKET ECONOMY GOES BOTH WAYS -- SUPPLY AND DEMAND.

1-23-2015   Intel Guru TNT Tony  [via Adept1]    On television today, it said that Iraq is taking steps to do the economic reforms.  Saturday is the day they are voting for the budget again.    All sources in Iraq including the banks and markets are ready to go, looking for the window to be wide open from Saturday until this happens.  Don’t look for it until their people are back in country.   I believe and have confidence that this is happening, that everyone has been trained and that when the time is right, this will happen. We are in a great place from Saturday morning on...we should see this by Tuesday at the absolute latest.

1-23-2015   Newshound Guru Adam Montana   Here's what's going on in Iraq right now:  The budget looks good to go through ANY DAY now. There is a "Hydro Carbon Agreement", which looks good to turn into a Hydro Carbon LAW shortly after the budget is passed. The Kurds and Baghdad are playing VERY nice... and those three items combined spell "RV SOON!”, if you ask me!

1-23-2015   Newshound Guru sczin11    THAT BEING SAID...IF THE COMPANIES FEEL CERTAIN OF THEIR CONTINUED GROWTH AND SUCCESS, THEY MUST FEEL CERTAIN THERE WILL BE INTERNATIONAL TRADING AND THEREBY GETTING FOREIGN DOLLARS INTO THEIR COMPANIES WITH EASE, AND MORE IMPORTANT, WHAT WILL MAKE THESE MONEY TRANSFER COMPANIES PROSPER, THE USE BY THE IRAQI CITIZENS, AND FOREIGN WORKERS, SENDING MONEY ALL AROUND THE WORLD...INTERNATIONALLY.  [post 2 of 2]

1-23-2015   Newshound Guru sczin11  "New companies to start trading in Iraq Stock Market (ISX)"  ...WHY WOULD 8 MONEY TRANSFER COMPANIES BE UNDERWRITTEN AND PLACED ON A STOCK EXCHANGE, WHERE INVESTORS NEED TO BE CONVINCED TO INVEST IN THEIR BUSINESSES, OR THEY WILL ....GO OUT OF BUSINESS... SO THEY MUST BE PRETTY CERTAIN THEIR BUSINESS LONG TERM GOALS ARE PRETTY POSITIVE LOOKING IN TERMS OF MAKING PROFITS, AND IT MUST BE VERY CONVINCING TO THE INVESTORS OR THEY WONT PUT THEIR MONEY INTO THOSE COMPANIES. [post 1 of 2....stay tuned]

1-23-2015  Newshound Guru wmawhite   The GOI and the CBI are telling us that they want to enter the world financial market.  They can't do that unless they have their own sovereign currency that is of some value. 

1-23-2015   Intel/Newshound Guru Poppy3   Iraq is not broke, they have a cash flow problem.  They have more reserves than any country their size or even in the world.  They just bought 36 tons of gold to further back their currency & give them more reserve backing for that.  You don't do that if you're broke.  They have a target date of February 1st to get this done.  Whether they meet that date none of us know.  But, articles are saying that the GOI and the CBI are in agreement about their economic future and are ready to complete this & go to a world market economy.  All indicators are agreeing with what sources are saying.   I have never seen this in the 11 years that I have been doing research on Iraq & our investment.   The material we have in ink & sources as well are all lining up and headed in our direction. I'm extremely excited about what we are seeing.  So, if you don't have a fire going right now, your wood is wet!

1-23-2015   Newshound/Intel Guru BGG   The Market rate, which is different from the CBI rate is showing some sporadic signs of improvement.  Recently, IMO, the budget is a foregone conclusion & especially according to sources, they are going to get that done.  News that has been coming out is just breathtaking...very good stuff.  For me it looks very promising. 

1-23-2015    Newshound Guru Millionday    THE TIMING OF EVERYTHING ECONOMICAL AND TRADE IS ALL COMING TOGETHER AT THE SAME TIME --- THE BUDGET IS EXPECTED SATURDAY TO BE IN PARLIAMENT FOR VOTING... IT ALSO HAS TO BE PRINTED IN THE GAZETTE AND AS WE ALL KNOW MY OPINION ON THAT IS THAT THEY WILL DO A MASSIVE PRINT OF LAWS THAT REFLECT AND IMPACT EACH OTHER.   [The president has to sign to make Law and he has 15 days to do that.]  THE BUDGET WILL BE APPROVED BY THE PRESIDENT -- HE HAS STATED THAT HE WILL NOT TAKE THE 15 DAYS AND I WOULD NEVER EXPECT THAT WITH ALL THAT WE ARE SEEING --  HUGE ANNOUNCEMENT THAT THE GOV AND CBI IS READY BEFORE THE BUDGET IS DONE.   [post 2 of 2]

1-23-2015    Newshound Guru Millionday   Article quote:   "al-Hashemi, at a time when the country began preparations to face the economic challenges, confirmed the government agencies, including the Central Bank of Iraq readiness to take measures that will improve the economic reality."   THE ECONOMIC REALITY IS THE ACTUAL PRICING CALCULATION FOR THE REALITY VALUE OF IRAQ`S CURRENCY AND TRADE...CBI HAS CONFIRMED THAT THEY ARE READY TO TAKE THE MEASURES TO IMPROVE THE ECONOMIC REALITY AND THE BANK SHARES ALOT IN RAISING THE VALUE AND MODIFYING THE RATE TO GOOD INTERNATIONAL RATES AT THIS TIME OF ECONOMIC DEVELOPMENT FOR IRAQ – THE GOVERNMENT AND CBI IS STATING THAT THEY ARE READY TO TAKE THE MEASURES THAT WILL IMPROVE THE ECONOMIC REALITY -- MEANING THE ACTUAL RATES AND RAISING THE PURCHASING POWER OF THE DINAR AND ALSO MOVING TO A MARKET ECONOMY AND ALL THAT IS PART OF THE ECONOMIC REFORMS...THE GOVERNMENT HAS NOT ANNOUNCED THIS BEFORE ...   [post 1 of 2....stay tuned] 1-22-2015   Intel/Newshound Guru Poppy3   TODAY THE CBI AND GOI FOR THE FIRST TIME IN MY 11YEARS OF RESEARCH HAVE ACTUALLY ANNOUNCED THEY ARE IN UNISON AND FULL AGREEMENT TO MOVE TO A MARKET ECONOMY.   THIS MEANS A NEW RATE.  EARLIER THIS WEEK I WAS TOLD BY THE BEST INTERNATIONAL FIGURE THAT THIS GOI IS MAKING EVERY EFFORT TO COMPLETE THE MOVE TO JOINING THE WORLD ECONOMY NO LATER THAN FEB 1.   NOW THAT IS THEIR GOAL TO ACHIEVE AND I AM WATCHING THEIR ACTIONS AND THEY ARE DEFINITELY WORKING THERE BUTTS OFF TO MEET THAT GOAL. I AM PUMPED AND I AM MORE EXCITED THAN EVER BEFORE THAT THEY WILL MEET THIS DEADLINE.   ...NO HYPE JUST PLAIN AND SIMPLE GOOD SOLID INFORMATION. 

1-22-2015   Intel/Newshound Guru tman23  "Al-Zubaidi, directed to reduce transfer fees in half ...Zubaidi was instructed to study the possibility and the feasibility of a public company for transport management to reduce vehicle registration fees on domestic transport" ... SO THEY HAVE CUT SALARIES IN HALF, AND EVERYDAY ANOTHER ARTICLE SURFACES WHERE 50 - 70% CUTS ARE BEING MADE...EVEN TAXES FOR GOVERNMENT INCOME HAVE BEEN CUT... EITHER IRAQ IS GOING DOWN IN A SPIRAL OR THEY ARE PREPARING FOR A CURRENCY WITH MORE VALUE...YOU DECIDE!

1-22-2015   Newshound Guru sczin11    [do you think we will be waiting very much longer?]  I REALLY DONT DO RATES AND DATES...OPINIONS, LOTS:) WE ARE REAL GOOD NOW...SO MUCH IS HAPPENING...

1-22-2015   Newshound Guru Adam Montana   [is it possible or likely the Dinar could come out on the FOREX as at tradeable currency at 1166 (or close to that) and simply be managed, or is it really necessary for it to RV/RI before going international.  Can the CBI RV/RI and it not be internationally tradeable on the FOREX?]  Either way is possible. And I will like it either way.

1-22-2015   Newshound Guru Millionday    ALLAWI HAS ARRIVED IN SWITZERLAND FOR THE GLOBAL ECONOMIC CONFERENCE... ABADI IS AT THE HEAD OF THE IRAQI DELEGATION.  ALLAWI WILL BE PRIVILEGED TO DEEPEN THE ECONOMIC ROLE WITH ALL COUNTRIES.  ALLAWI  IS THE VICE PRES AND HAS THE POWER TO MAKE DEALS ETC.  [this may mean nothing for us as far as rv goes?]  I THINK WITH THE SUBJECT MATTER IT HAS TO DO WITH THE STAGE IRAQ IS IN BY MOVING TO A MARKET ECONOMY AND ALSO INTERNATIONAL INVESTORS BEING PROMOTED TO COME TO INVEST IN IRAQ.  INTERESTING THAT THE PARLIAMENT IS EXPECTED TO HAVE THE BUDGET FOR VOTE ON SATURDAY AND THE CONFERENCE ENDS ON SATURDAY (24TH).  VERY NICE THAT SWITZERLAND RAISED THEIR CURRENCY RIGHT BEFORE THE ECONOMIC CONFERENCE AS WELL1-22-2015   Intel/Newshound Guru Poppy3   TWO PRICES ON EVERYTHING IN IRAQ. USD PRICE AND DINAR PRICE ON SUCH AS BREAD, COKES, CHEWING GUM ETC. PLUS all change is made IN DINAR ONLY...READY TO MAKE RATE CHANGE WITH BAR CODES IN A INSTANCE . IT WILL NOW BE EASY FOR RETAIN PROPRIETORS TO MAKE THE CHANGE.
 
1-22-2015  Newshound Guru Aggiedad77   After a relatively successful session Parliament called an end to its day and will reconvene on Saturday, perhaps in a private or secret session where they may further discuss the Iraqi National Intelligence Service draft law...again...Nothing was mentioned on Thursday regarding the budget...and at this point it is too soon to tell if Saturday will have anything on the agenda concerning the budget.

1-22-2015   Newshound Guru OOTW    [how long will all this take?]  I ASSUME YOU'RE TALKING ABOUT AN "RV"?  I PERSONALLY DO NOT THINK WE GET AN RV UNTIL LAWS ARE AMENDED AND PASSED.  MY PERSONAL FEELING AND OPINION, IS THAT WE NEED MORE STABILITY IN IRAQ; SECURITY, LAWS, BANKING POLICIES/LAWS.  THAT'S GOING TO TAKE TIME.

1-22-2015   Newshound Guru Chattels  MY BELIEF IS THAT THE 2015 BUDGET WILL BE PASSED BY THE PARLIAMENT AND ON THE PRESIDENT'S DESK FOR HIS SIGNATURE BEFORE THE 1ST DAY OF FEBRUARY. WE SHALL SEE.  THE BUDGET EVENT IS LIKELY TO BE RATHER ANTICLIMACTIC AS IN YEARS PAST RELATIVE TO THE ADVENT OF OUR LIQUIDITY EVENT THAT IS.

1-22-2015   Intel/Newshound Guru Poppy3 ...TWO SOURCES....TOLD ME TWO WEEKS AGO IRAQ GOI AND CBI ARE PUSHING TO IMPLEMENT ALL LAWS AND ECONOMIC REFORM BY FEB 1 AT THE LATEST.  WELL BOTH TODAY [WEDNESDAY] HAVE RE-ITERATED THE SAME INFORMATION. THEY SAID THAT IS STILL THEIR GOAL TO ACCOMPLISH.  LETS JUST PRAY THEY GET IT DONE ON TIME.

1-22-2015   Newshound Guru sczin11    TODAYS [WEDNESDAY'S] RELEASE ABOUT EMERGENCY SESSION TO VOTE, AND READING BETWEEN THE LINES, IMHO, ...THE RATE IS NEEDED FOR THE BUDGET TO BE EXECUTED...BUDGET NEEDS RV, RV DOESN'T NEED BUDGET..., JMHO

1-22-2015   Newshound Guru Millionday   [what can the cbi do to help unemployment?]   THEY CAN ADVANCE ALL OF THEIR BANKING FOR INTERNATIONAL BANKING AND PREPARE THE RATE FOR INTERNATIONAL ACCEPTANCE AND RAISE THE PURCHASING POWER OF THE DINAR SO THE PRIVATE SECTOR CAN AFFORD TO HIRE BY MOVING TO A MORE PRODUCTIVE MARKET ECONOMY.  THEY HAVE ENOUGH RESERVES TO BACK THE CURRENCY 1 AND 1/2 TIMES WHAT THEY NEEDED TO SUPPORT THE VALUE.  [In order for them to be able to exchange our dinar would they know how much is out there?]  YES THEY KNOW EXACTLY WHAT IS OUT OF COUNTRY.  IT IS UNDER STATS ON CBI SITE I BELIEVE AS WELL.

1-22-2015   Intel Guru TerryK     [What are you hearing on the ZIM?]  6 ZERO OFF .16  ...RUMOR OF COURSE.   IM HEARING SUNDAY... AND YOU KNOW THAT'S THE KEY DAY OF THE WEEK. IM REALLY PUMPED WITH THIS RIGHT NOW...I KNOW WE ARE CLOSE. 1-21-2015   Intel Guru TNT Tony   [via Adept1]  The first RV date was yesterday...but they are still within the agreement they signed last week, and that agreement says “immediately” or within the next couple of days.   On Iraqi television Abadi was saying, “the economic reforms are now being completed”, before he left the country.  They told everyone they would take the final vote today, until they moved it to Saturday.  So now Abadi is gone, Shabibi has gone to a conference where they are already touted to be one of the economic powers of the world. At Davos, they are keynote speakers, and the entire economic community was told to expect something on Thursday.  That doesn’t mean the RV is happening tomorrow;  indeed, we don’t expect it until Abadi and Shabibi are back in the country. Everything is positive at this moment.  Everyone wants this to go.  We are in a great, great position to get it done, and everyone says it is getting done.

1-21-2015   Intel Guru DC    Parliament did the budget on the 30th and 31st and more adjustments on the 3rd and 4th.  They say they are revealing the budget on Saturday;  it’s not a requirement to do the budget and the RV at the same time, but it’s nice, plus there are other laws they have been keeping quiet so as to bring them all out together on Saturday.  That is the day they have announced on television, radio, on websites and in the mosques.  ...it’s highly unlikely until Abadi and Shabibi get back on Saturday morning.  We expect it to go down quickly once they return.  [post 2 of 2]

1-21-2015   Intel Guru DC   Iraq is ready and says they will do it any time – have announced that on television. The President and the Governor of the CBI are out of the country and they are due back in Saturday morning, so I personally am not looking for it before then. Despite what might have been said to the opposite, the US seems to be supporting this.  President Obama has agreed a time with PM Abadi, and only a few folks know that time right now.  It’s being kept extremely quite.  Our friends at the CBI are saying they are good to go:  everyone is trained, ready, systems checked, legal paperwork gone over again.  The CBI ran some software checks and updates in the last two days, and they checked in with the other central banks worldwide to make sure everything was straight, to make sure they ready. [post 1 of 2...stay tuned]

1-21-2015   Newshound Guru Adam Montana   [The 2015 budget was SUPPOSED to be on Parliament's agenda this Wednesday, 1/21!  Now it is NOT on there and they are saying the budget will be voted on within ANOTHER week!  Do you think the budget has to be passed BEFORE the RV?]  There is no law or rule that says the budget must be passed before the CBI can make a change on how much it pays for the currency.

1-21-2015   Newshound Guru Aggiedad77   [...IF we don't see the IQD go UP in value and become International before March, is there another time frame...]  ...at this point, I would not be too concerned with a new time frame...be looking at this day to day and watch what transpires...a new window is a mute point just now...I myself am excited by all that we are seeing...and at this point can't wait for PM Abadi to get back to Baghdad...I think for anything to happen he needs to be close to home.  Study what they are doing and saying...looking for hints...I don't see them ever "announcing" in the news "Here it comes"...I think we will be as surprised by the action as the world was surprised by the Swiss action...so in the meantime we pay attention to what is going on and watch their actions...especially that of the CBI. [...could you tell me when PM Abadi is expected back?]  I've only seen it mentioned that he is scheduled to speak on Friday the 23rd...so I'm doing a little presuming here that he may come back Friday night or maybe Saturday morning...

1-21-2015   Newshound Guru Chattels   IT APPEARS THAT THE BUDGET LAW MAY NOT BE PLACED UPON THE AGENDA FOR PARLIAMENT BUT RATHER BE ADDRESSED ON AN EMERGENT AND DAY BY DAY BASIS UNTIL AND WHEN READY WHICH EXPLAINS ONE / SOME OF THE RECENT CRYPTIC / CONFLICTED NEWS ARTICLES, IMO.

1-21-2015   Newshound Guru Adam Montana   I won't pretend to know when they will actually make it official, but my gut feeling is that this week is a strong possibility, with a quick move after that to turn the HCA into the HCL, and then revalue the official rate on the dinar. When this happens, it's going to happen so fast our heads will spin!  The only thing I'm actually worried about right now is if the CBI will peg it or float it. If they choose a float, my advisors are telling me the best play might be to take the first rate we get, because that could easily be the best rate we'll see for a long time. In other words,  if it comes out at $1, it could quickly dip to a dime or less and then take years to rebound. I have no doubt that it would eventually come back...  Even if they don't float it, they can still adjust the rate down again with no warning, explanation, or apology.  [post 2 of 2]

1-21-2015   Newshound Guru Adam Montana   I'm not going to beat around the bush... things are getting intense!  Budget being prepared based on 3.3 million b/d and $60 per barrel.  I don't like the $60 per barrel price, BUT: Iraq exported 4 million b/d in December and they are looking to increase their production... seeing as how Iraq has one of the largest reserves in the world, the HCL is sure to be completed very soon, the Kurds and Baghdad are playing nice (finally!!!), I believe the increased volume will easily make up for the lower price of oil and Iraq will have no problems with the budget as it is. It's also important to remember that Iraq has barely scratched the surface of their reserves. As we watch them progress, with more and more companies investing into their production, it will continue to rise and a lot of experts even believe that Iraq will overtake Saudi Arabia as the world's leading oil exporter... all that says to me is "COME ON, RV!"  [post 1 of 2....stay tuned]

1-21-2015   Newshound Guru sczin11   IT SHOULD BE NOTED THE WORLD IS COMING TOGETHER FOR THE SUPPORT AND BENEFIT OF IRAQ, WE HAVE SEEN LOANS BEING DISCUSSED AND COMPLETED WITH IMF, WORLD BANK, JAPAN, AND OTHERS...TODAY WE SEE CREDIT APPROVED BY TURKEY...AND THE UNITED STATES OF AMERICA! HUGE...WHY WOULD ANYONE GIVE CREDIT TO A FALTERING UNSTABLE, COUNTRY? MUST BE A GOOOOOOD REASON...LET US NOT FORGET THE ANNOUNCEMENT YESTERDAY BY THE CABINET...ALL IN ONE SENTENCE, ALL IN ONE BREATH...THE MINISTER OF OIL AND PLANNING, MINISTER OF FINANCE, THE PRIME MINISTER, AND...THE CBI...WOW, WHEN HAVE WE EVER SEEN THAT BEFORE?  SOMETHING IS TRULY ON THE HORIZON.

1-21-2015   Newshound Guru wmawhite   Article quote:  "Council of Ministers, on Tuesday, forming a crisis cell headed by Prime Minister Haider al-Abadi and membership and finance ministers, oil and Planning and the Governor of the Central Bank shall establish the priorities of exchange."    Everybody on this list is part of the GOI, Parliament...the Governor of the CBI is the odd man out unless the future status of the IQD has something to do with their planning...IMO, he has the key to the car.  They want to get into the world markets and they can't get there without the CBI.  The CBI are the one's that will change the status of the IQD. 

1-21-2015   Newshound/Intel Guru BGG   Article quote:  "Council of Ministers, on Tuesday, forming a crisis cell headed by Prime Minister Haider al-Abadi and membership and finance ministers, oil and Planning and the Governor of the Central Bank shall establish the priorities of exchange."  This was the biggest news of the day [Tuesday].  All of those included in that meeting, the Prime Minister, Finance Minister, Oil & Planning and the Governor of the CBI, all of these people have something to do with the future of the currency of Iraq...the exchange rate.  I will say that it is not impossible that the Gov. of the CBI had some standing in that meeting because they think they can possibly get some money out of him.  However, I find it very curious that he was there.  This is huge news.  The best news is...I don't think it will matter much longer. I think something is headed our way.

1-21-2015   Intel/Newshound Guru tman23     BEST GUESSTIMATE IS VOTING ON THE 2015 BUDGET TAKES PLACE 25TH OR THE 26TH. 1-20-2015   Newshound Guru Millionday   THEY ARE WORKING ON EVERYTHING ALL AT THE SAME TIME...PARLIAMENT IS NOT GETTING THE BUDGET UNTIL SATURDAY...HOWEVER THEY ARE MEETING IN MORN... ON MANY MANY LAWS.

1-20-2015   Intel Guru TerryK   HAS ANYONE BEEN LOOKING AT THE CURRENCIES AND SEEING WHAT THE TRADE RATE IS...THERE ARE LIKE 10 THAT ARE NOT TRADING...WONDER WHICH ONES THOSE ARE.  LETS SEE THE FIRST BASKET OF CURRENCIES MAYBE...HMMMMMMM.   I FEEL PRETTY GOOD ABOUT THIS WEEK.

1-20-2015   Newshound Guru Backdoc   TODAY ON CNBC...THEY MENTIONED IRAQ IS NOW AT 4 MILLION BARRELS PER DAY! WOW! SOON TO BE NUMBER ONE...!

1-20-2015   Newshound Guru Millionday   THE OIL MINISTER IS SAYING THAT IRAQ`S OIL PRODUCTION WILL MEET HISTORIC NUMBERS -- HOWEVER THE PRICE BEING LOW IS ONLY EXPECTED TO BE FOR HALF THE YEAR PER SOME REPORTS.  SO...THEY ARE GOING TO UP PRODUCTION AND WILL BE DOING VERY WELL BY THE END OF THE YEAR -- THEY MUST BE EXPECTING SUCCESS ECONOMICALLY...

1-20-2015   Newshound Guru OOTW    THE "EXCHANGE" ARTICLE IS TALKING ABOUT POLICIES TO PROTECT CAPITAL...SO, AT THE VERY LEAST, THEY'RE TALKING ABOUT INSTALLING RECOVERY OF MONIES...CORRUPTIONS MONIES (IN ALL FORMS) AND APPLYING THEM TO THE BUDGET...INSTALLING ANTI CORRUPTION LAWS, ANTI COUNTERFEITING AND MONEY LAUNDERING LAWS/PROCEDURES.  
BTW... I DONT CARE IF I'M LATER PROVEN WRONG AND IT TURNS OUT THEY'RE TALKING ABOUT RAISING THE RATE...IT'S ALL GOOD.

1-20-2015   Intel/Newshound Guru Poppy3   DIDN'T THEY ALSO SAY NO LATER THAN JUNE 1ST 2015, I KNOW THAT WAS STATED BUT NOT SURE WHERE IT CAME FROM? I SERIOUSLY DOUBT THEY CAN GO THAT LONG FROM THIS POINT. THEY HAVE PUSHED FAR TO HARD TO GET EVERYTHING ON THEIR GET DONE LIST TO WAIT THAT LONG FROM THIS POINT. ...A VERY CONNECTED GOVERNMENT OFFICIAL THAT HOLDS DINAR HAS SAID TWO WEEKS AGO WE WILL SEE SOME RATE CHANGE BEFORE FEB...TIME WILL TELL AND YOU AND I WILL SEE VERY SOON. 

1-20-2015   Intel/Newshound Guru tman23   "Council of Ministers , on Tuesday, forming a crisis cell headed by Prime Minister Haider al-Abadi and membership and finance ministers, oil and Planning and the Governor of the Central Bank shall establish the priorities of exchange."  The petro dollar comes IN...And then you need to understand the process...as Iraq changed the payment system and is moving to IQD only... The MoF, Oil and Planning, CBI Governor, and the PM...These are the 4 guys that are required for implementing exchange rate change...So a formed cell with these 4 and with the words including exchange is pretty darn exciting... 

1-20-2015   Newshound Guru OOTW    Article quote:  "Council of Ministers , on Tuesday, forming a crisis cell headed by Prime Minister Haider al-Abadi and membership and finance ministers, oil and Planning and the Governor of the Central Bank shall establish the priorities of exchange."   I'M JUST WONDERING IF THIS WORD "EXCHANGE' MENTIONED IN SEVERAL ARTICLES TODAY, IN ASSOCIATION WITH THE WORDS "CRISIS" OR "EMERGENCY" HAVE MORE TO DO WITH COUNTERFEITED MONEY REGULATIONS - INSTALLING THEM, THAT IS.  WE KNOW THEY'VE BEEN WORKING DILIGENTLY TO ACTIVATE ANTI COUNTERFEITING AND MONEY LAUNDERING LAWS/REGULATIONS AND WE ALSO KNOW THAT THERE'S DAASH BANKS OPENING - AND PLENTY OF SLEEPER CELLS...JUST SOMETHING TO CONSIDER.

1-20-2015   Newshound Guru Shredd    ...banking and investment laws are being worked on we've been seeing it in the news for the past few months...the budget passing will be good and the laws that should come be passed soon will be even better, Shabbs is back too.  we have a new government that has a leader who has proven to be so much more aggressive and productive than Maliki and he (Abadi) is pushing for economic growth...so, I know I joked saying "soon" but I meant it.  [in your opinion...we should be done with this ride in 2015!]   I expect the gradual process to bring value back to the dinar to start this year... I believe we'll all have a choice as to when we want to exchange our dinar for the dollar, sooner for less or later for more.  [do you think it will start from 1166 and go up from there?]  I think it is likely.   [post 2 of 2]

1-20-2015   Newshound Guru Shredd    [...when are they going to start the movement of the dinar!]  in the coming days, soon, early 2015.  I think as soon as Shabbs is caught up.   look at the reserves situation...Iraq has strongest situation in this regard 1.5x coverage that is monetary policy strength there...not for current policy but the one to come yep, 1.5x or 150%.  that answers the "can iraq add value" question, done.  so, security has been an issue in the past too, terrorist funding, so what did the cbi do. they replaced the current notes, done.   next, stability has been a requirement too, the dinar has proven to be stable for years. Yes it has fluctuated but how close iraq has been to the 2% mark is great to see.   [post 1 of 2....stay tuned]

1-20-2015   Newshound Guru Millionday   JUBOURI IS SAYING THAT LAWS NEED TO BE IMPLEMENTED TO PROTECT THE BUSINESSES BOTH DOMESTIC AND INTERNATIONAL...THE GLOBAL COMMUNITY HAS MADE IT CLEAR THAT THEY WANT TO INVEST IN ALL AREAS OF IRAQ.  HIS STATEMENT IS ALL ABOUT THE SUCCESS OF THE ACTIVATION OF INTERNATIONAL INVESTMENT AND THE IMPACT OF THE ECONOMY...THEY ARE ALSO HAVING MORE TRAINING TO ENSURE THE SUCCESS -- GREAT NEWS.   THERE ARE MANY LAWS ON THE SHELF THEY CLAIM THEY ARE ACTIVATING ALL AT ONCE TO ENSURE BUSINESS AND ECONOMIC SUCCESS.

1-20-2015   Intel/Newshound Guru tman23    "Decided the Council of Ministers, on Tuesday, forming a crisis cell headed by Prime Minister Haider al-Abadi and membership and finance ministers, oil and Planning and the Governor of the Central Bank shall establish the priorities of exchange"  "...ESTABLISH PRIORITIES OF EXCHANGE"  ...I'M NOT SURPRISED THIS NEWS WAS RELEASED TODAY (THE 20TH)...AND ISN'T ABADI "SUPPOSIVELY" IN SWITZERLAND...LOL! AND ABADI IS SAYING PASS THE BUDGET...AND BETWEEN THE LINES SHORT OF WORDS IT INSINUATES "DON'T WORRY ABOUT THE NUMBERS".

1-20-2015   Newshound/Intel Guru BGG   Article quote:  "Council of Ministers , on Tuesday, forming a crisis cell headed by Prime Minister Haider al-Abadi and membership and finance ministers, oil and Planning and the Governor of the Central Bank shall establish the priorities of exchange."   WOW!!  very few things that can mean...Did they just "telegraph the pass"?  aka - "reveal their intentions"...but as [Guru] sczin11 says - we need to see more.  [Is it the adjustment to the value of the dinar internationally?]  Looks very suspicious - we will have to wait and see.

1-20-2015   Newshound Guru sczin11    LOOK AT THIS JUST OFF THE PRESS...WHOA!  "Council of Ministers , on Tuesday, forming a crisis cell headed by Prime Minister Haider al-Abadi and membership and finance ministers, oil and Planning and the Governor of the Central Bank shall establish the priorities of exchange." HERE IS ANOTHER VERSION..."He Jabouri 'after the formation of the cell, will emerge on the basis of which the crisis cell in each ministry in order to reduce costs and increase the state treasury resources', adding that 'the Council decide to continue the work of the balance of parliamentarians from the Prime Minister."  RAISING THE VALUE OF THE IRAQI DINAR= REDUCING COSTS (INCREASE PURCHASING POWER) + INCREASES THE STATE TREASURY ( MORE PROFITS).   WE NEED TO SEE MORE...WE CAN ONLY HOPE...

1-20-2015   Newshound Guru Millionday   IT STILL IS EXPECTED TO BE ON WED FOR THE VOTE OF THE BUDGET AND IF NOT DONE THAT DAY THEY WILL ADDRESS IT THE NEXT SESSION -- THE PARLIAMENT ENDED THE SECOND READING AND CHANGES ADDED LAST WEEK -- SO THE NEXT IS THE VOTE.  PARLIAMENT HAS ALREADY HAD IT AND READ IT THE TWO TIMES NEEDED.   [WILL THEY PASS THE OTHER OUTSTANDING LAWS AFTER THEY COMPLETE THE BUDGET?]   THEY HAVE STATED THAT THEY WILL BE ADDRESSING THEM ALL.

1-20-2015   Intel Guru MarkZ   [just waiting for rv!]  I doubt you have to wait to much longer. The progress is really gaining the steam we needed. Banking is in place. The US has pretty much run out of excuses. Things are good.  [Is it true that we will have to wait a bit anyways to exchange?]   ...if they were to announce it this minute it would still take some time to get everyone into the bank, logistically it could take 10-14 days to have things setup. IMO.  [...how are you feeling about an RV this month?]  Stellar.  [The 22nd seems to be some hot date in this. Thoughts?]   very.
1-19-2015   Newshound Guru OOTW    I'M NOT SAYING SHABS IS COMING BACK - BUT I'M SAYING THAT THE LIKELIHOOD OF MALIKI AND JOBOURI'S CLAIMS OF A RETRIAL BEING VALID, ARE INCREDIBLY SLIM.

1-19-2015   Intel/Newshound Guru tman23   Let me put it this way... MONETARY REFORM IS HOT HOT HOT AND ABOUT READY TO BE RELEASED...AND MALIKI ALONG WITH IRAN WOULD LIKE TO STALL THE INEVITABLE AS LONG AS POSSIBLE...AND TO STALL WOULD BE TO START WITH SHABIBI AND A FULL AUDIT OF THE CBI BEFORE MOVING FORWARD...IT'S REALLY JUST THAT SIMPLE.  [post 2 of 2]

1-19-2015   Intel/Newshound Guru tman23   The State of Law is banging away at Shabibi...But most of the nay sayers were ignorant in the CBI economics and auctions. They accuse Shabibi of harboring corruption but as "HE" said to the GOI... It is not the job of the CBI to chase money launderers and thieves and the CBI has no authority to arrest anyone...Therefore the GOI needs to pass laws and work with the CBI in order to move monetary reform forward.  The UN and World Bank did a full discovery report on the CBI auctions and Shabibi's charges... The END RESULT... Those who are accusing are ignorant in Banking economics.  [post 1 of 2....stat tuned]

1-19-2015   Newshound Guru sczin11  It is interesting to me, that all of a sudden, Dr. Sinan Al Shabibi, is in the NEWS! He has been acquitted of all charges, he has been released of all appeals against him, strong statements made by Justice Mahmood, and others, stating Dr. Shabibis evidence is stronger than the Prosecution had... And yet now, Articles and releases criticizing the "process.."... others are jailed who worked with him, others going to jail, others being arrested...Hmmmm...Remember, we are seeing news for the most part, after "stuff" happens.  What is REALLY happening...Is the good Doctor in the house? Is he making his way back in? Is there NEWS ready to be released stating such? Again, why are SOME, using his name so often at THIS TIME?

1-19-2015   Newshound Guru MyLadies   THERE IS ANOTHER STORM BREWING ON THE HORIZON. THE COURT SYSTEM MAY HAVE ACQUITTED SHABBIBI BUT THE PEOPLE OF IRAQ ARE NOW ASKING HOW?  IT SEEMS THAT 36 EMPLOYEES THAT WERE ARRESTED WITH SHABBIBI ARE STILL IN JAIL FOR CORRUPTION ON THE SAME CHARGES SHABIBI WAS ACQUITTED OF.  IF HE IS FREE THEN THE OTHER 36 UNDER HIM SHOULD BE TOO. THE INTEGRITY COMMITTEE IS CALLING TO RE TRY THIS CASE FROM SCRATCH IN THE PRESENCE OF SHABBIBI. I’M NOT TOO SURE SHABBIBI WILL BE STEPPING BACK INTO THE GOVERNORS CHAIR TOO FAST...PLEASE DO NOT HANG YOUR EXPECTATIONS ON HIM.

1-19-2015   Intel Guru TNT Tony  [via Adept1] They have done all they need to do, according to insiders;  it’s a timing issue now.  ...everyone is happy, everything is done, and we just don’t know the exact date or time... big announcements are coming on the 20th and 22nd, and everyone knows something is going to happen with the currencies.  We are in a very good place/position and this should be our month. 

1-19-2015   Intel Guru DC   [via Adept1]   ...everything still looks wonderful...and everything is lined up for us.  We are just waiting.   Iraq did more testing and training over the weekend, and also ran spots on radio and television saying it’s imminent.  There were ‘game check ready’ meetings with bankers, politicians, customs people and all the rest.  They are all ready;  not much else to say.  As for Switzerland, the markets haven’t quite settled down after their decoupling from the Euro last week.  Does this mess up the RV?  Not at all – it adds pressure to get this done.  [Guru TNT] Tony and I share the assumption that this will probably NOT happen today but from tonight on looks good.

1-19-2015   Newshound Guru MyLadies   LOOKS LIKE THE WEDNESDAY READING OF THE BUDGET HAS BEEN KICKED DOWN THE ROAD AGAIN TO ANOTHER DATE TO BE DETERMINED. 

1-19-2015   Newshound Guru sczin11   ...THE BUDGET IS TRULY A NON ISSUE...IT WILL PASS, IT WILL BE VOTED ON...IT WILL BE DONE... THE QUESTION IS WHEN WILL ALI ALAQ BE REMOVED? WHEN WILL THE CBI ANNOUNCE THE DOCTOR [SHABIBI] IS IN THE HOUSE?

1-19-2015   Intel/Newshound Guru Poppy3   ...TALKED TO IRAQ CONTACT AND HE SAID ONE THING NEW FOR THE FIRST TIME IN A COUPLE YEARS...KUWAIT STARTED SHIPPING TO AND THROUGH IRAQ.   THIS SHOWS WHAT WE HAVE BEEN SAYING THAT ISIS REPORTS HAVE BEEN BLOWN WAY OUT OF PROPORTION...THIS IS GREAT NEWS FOR THEM AND US. 

1-19-15   Newshound/Intel Guru Bluedog   "IN MY OPINION"!  WHAT WE ARE SEEING IS OFF THE CHART...AND THAT OIL IS NOW FLOWING FROM KURDS TO BAGHDAD THROUGH SAUDI ARABIA... THE PIPELINE HAS BEEN "CLOSED" SINCE THE INVASION OF KUWAIT... IF SAUDI ARABIA SAID THAT THE PIPELINE IS IN WORKING CONDITION..... WELL THEN OIL HAS TO HAVE BEEN FLOWING TO TEST... LOWER THE PRICE PER BARREL... THE BETTER THE RATE...IT STANDS TO REASON... BUT...IN COVERING THEIR BUDGET, MEANING (IN IRAQ, THE CBI IS ALONE, AUTONOMOUS) NO ONE CAN DICTATE TO THEM "WHAT" AND WHAT TIMING THEY ARE POISED AT!?  TIMING COULD BE ANYTIME NOW... AGAIN...THIS IS ONLY...IN MY OPINION.

1-19-2015   Newshound Guru sczin11   THEY ARE TELLING THEIR PEOPLE ABOUT THE VALUE OF ONLINE BUYING AND SELLING, INTERNATIONALLY! USE EBAY, PAYPAL, AMAZON, FACEBOOK, GOOGLE....WOW! HOW CAN THEY USE PAYPAL WITHOUT THE ABILITY FOR THEIR DINARS TO BE EXCHANGED, AND CONVERTED TO THE CURRENCY THEY ARE BUYING FROM?

1-19-2015   Intel Guru Frank26   Iraq has SO MUCH to back up their currency many times over but why don't they have liquidity?  Because they TOO WAIT for permission to lift the three zeros from their exchange rate...BEFORE they put out any LD'S...Logical logistics.  Have You noticed in the last THREE DAYS THE CBI saying and doing fascinating things with the GOI?

1-19-2015   Newshound Guru My Ladies   HOW LONG WILL ALL THIS TAKE TO FINISH .  ...IT IS FINISHED ALL OF IT.  NOW THEY SIMPLY WAIT FOR THE GREEN LIGHT TO TURN IT ALL ON. THEY ARE AT THE MERCY OF THE AUTHORS AND IT IS JUST THAT SIMPLE. THEY ARE NOT IN THE DRIVERS SEAT AT THIS TIME.  IRAQ IS DONE AND PATIENTLY WAITING FOR THE TIMING TO BE RIGHT FOR THE DINAR TO BE USEFUL TO THE GLOBE. WE ARE IN THE HOME STRETCH NOW...   [post 2 of 2]

1-19-2015   Newshound Guru My Ladies    ABADI...JUBOURI AND EVEN MASSOUD YESTERDAY [WERE] SAYING WE CAN NOT CONTINUE WITH OUT THE BUDGET.  WE READ LAST WEEK THAT THE BUDGET AND THE IMPLEMENTATION OF...BANKING AND INVESTMENT LAWS ARE RUNNING PARALLEL TO EACH OTHER.  ANOTHER THING ON HOLD IS NEW LAWS BEING PASSED...MANY LAWS HAVE GONE FOR A READING OR 2 BUT NOT ANY FURTHER.  WHY... ALL THE BANKING LAWS AND INVESTMENT LAWS AND HCL AND ON AND ON, THEY ALL NEED FUNDS TO MAKE THEM WORK. ...WE WILL CONTINUE TO SEE THE BUDGET BEING KICKED DOWN THE ROAD UNTIL THEY CAN BRING IT TO THE INTERNATIONAL STAGE AT WHATEVER RATE THEY CHOOSE.   [post 1 of 2....stay tuned]

1-19-2015   Newshound Guru Millionday    THE BUDGET WILL NOT BE IN THE FORMAL MEETING FOR TUESDAY BUT WILL BE FOR WED (FORMALLY).   -- THE POSTPONEMENT IS SO THEY WILL BE VOTING AND HAVE REACHED AGREEMENT BEFORE THEY MEET FORMALLY.   WE LIKE THAT (NO SURPRISES).   THE AGENDA TO DO WITH THE WED PARLIAMENT MEETING IS FOR THE VOTE ON THE BUDGET...THIS DOES NOT MEAN NO MEETING ON TUESDAY AS WE HAVE BEEN TOLD OF MANY OTHER VERY IMPORTANT LAWS THAT WILL BE FINALIZED AS WELL -- THIS IS JUST MORE REASSURANCE FOR BUDGET VOTE SUCCESS.

1-19-2015   Newshound Guru Kaperoni   Article: "Decision of the Parliament: political agreement on the adoption of the budget next Wednesday"   Let's hope so.  Wed it is!

1-19-2015   Intel/Newshound Guru tman23   For a FACT...Shabibi before being sent to pasture stated at 64 billion in reserves they could cover the currency 3.5 times...The reserves are speculated to be well over 74 billion at this time...

1-19-2015   Newshound Guru Enorrste   The plan is to reduce the money supply gradually as the value rises, so that by the time the dinar gets to $1 the total money supply will be 40 billion dinars, worth the same $40 billion that it is now.  There will just be less money in the system and, by then, all of the large three zero notes will have been sucked into banks, then to the CBI, where they will be destroyed (effectively lowering the money supply in terms of dinars, not in terms of overall value).   I would add this additional note:  as the value of the dinar rises and the money supply falls, the total value of the money supply remains relatively constant (as I just noted).  This means that at a dinar worth $1 the Iraqi currency would STILL be the strongest in the world, since it would still be backed 150% by the reserves ($60 billion in reserves to back 40 billion in dinars, the new lower money supply, but still worth $40 billion).  [post 2 of 2]

1-19-2015   Newshound Guru Enorrste   Article:  "Conscious Central Bank: reserve the largest rates of good reserves of foreign currency"   In the case of Iraq, they now have, according to this article, 150% coverage in reserves to back their currency.  This means that they have $60 billion in dollars, euros, and gold sitting in the central bank.  That is 150% of the money supply of about 40 trillion dinars, worth $40 billion, give or take.  Therefore, having 100% backing their currency, or more, in this case, does not reduce the money in circulation.   ...it is and has been our position that the float will start at 1166 to 1 and rise from there.  There is no evidence that an initial start rate will be higher than that in terms of value.  The CBI would be foolish, quite frankly, to try to impose an artificial higher rate. [post 1 of 2....stay tuned]

1-18-2015   Newshound Guru OOTW   Article:  "Iraqi leaders and the support of a reference work on the dismissal of al-Maliki from office"  [What constitutional basis is there for his removal post election?]  WITHDRAWAL OF CONFIDENCE, SAME AS ANY OTHER MAIN GOVT POSITION.  2/3 MAJORITY VOTE NEEDED TO REMOVE HIM/AND OR HIS IMMUNITY...REMEMBER, WE NO LONGER NEED A 2/3 MAJORITY OF ALL WHO WERE ELECTED..ONLY 2/3 OF THOSE WHO SHOW TO SESSIONS..JOBOURI CHANGED THAT LEGISLATION.

1-18-2015   Newshound Guru Kaperoni   Article: "Conscious Central Bank: reserve the largest rates of good reserves of foreign currency"   40 trillion dinar or so in circulation is about 38 billion dollars.  The amount in reserves is 1.5 times that amount (about 65-70 billion).  Considering how other central banks use a fractional amount I think of 10:1, the dinar value could be significantly higher.

1-18-2015   Intel/Newshound Guru Poppy3    WE CAN BE ASSURED IF THEY BEEN APPROVED BY BOTH THE IMF AND WORLD BANK THEY HAVE THE RESERVES AND PROJECTED PROFITS TO BE APPROVED.  THEY KNOW THE MARKET VALUE AT THIS POINT AND IT HAS TO BE VERY SUBSTANTIAL TO BE QUALIFIED FOR BILLIONS IN LOANS.  PLUS REMEMBER THEY JUST BOUGHT GOLD TO FURTHER SECURE SUPPORT FOR THEIR CURRENCY.  ALSO REMEMBER WHEN THE RATE WAS $3.22 BEFORE THE PRICE OF OIL WAS $31.00 A BARREL.

1-18-2015  Guest Gurus Already Blessed & Iko Ward    explanation of  Guru TNT Tony's post 1-18-15   [what normally happens on Sunday evening at 5PM EST is the Tokyo markets open and about an hour later Forex posts it's first pairings. But today ain't gonna be normal. More like the opening kick-off at a Super Bowl.   ...THINGS ARE FLIPPIN' AWESOME!]

1-18-2015   Newshound Guru tlm724   "The Central Bank of Iraq, Sunday, that the bank reserves is one of the best reserves in the world, and while he noted covers currency and a half times...",  "the Bank maintains the largest rates of good reserves of hard currency in the world compared to the money supply,"  thats Ali Alak governor of the CBI telling all of the media that they can cover all the hard currency one and a half times! Iraq has it covered at 150%.   The Iraqi Central Bank announced in October 2013 for the arrival of the size of its reserves of hard currency to 76 billion and $ 500 million, noting that "it is the highest rate of the Bank of the currency in the history of Iraq".  *hallelujah* they can support a nice healthy rate.

1-18-2015   Newshound Guru Chattels  the budget is all but done...?   it may be the 20th something of this month, but it seems to be more of a formality.

1-18-2015   Intel/Newshound Guru Poppy3  I WOULD NOT CASH ANY AT .10  ...NOT A ISSUE ANYWAY THATS NOT AND WOULD NOT MEET ANY OF THEIR NEEDS AND THEY ARE TOO BOISTEROUS NOT TO WANT TO BRAG THEY HAVE THE MOST VALUABLE CURRENCY. 

1-18-2015   Newshound Guru sczin11   [if Iraq wants to redeem as much dinar at the lowest price then why offer initially more than let's say .10?]   JMHO, IRAQ MUST, NEEDS, AND WANTS TO DEDOLLARIZE...THEY MUST COME OUT EQUAL OR GREATER THAN THE US DOLLAR.

1-18-2015   Intel Guru TNT Tony   [via Already Blessed]     AFTER ALL OF THE DISASTERS THAT OCCURRED ON FRIDAY AROUND THE WORLD ...CURIOUS TO SEE WHAT HAPPENS IF THIS HASN'T OCCURRED BY THE TIME THE MARKET OPENS ON SUNDAY.

1-18-2014   Newshound Guru Millionday   IT WOULD VERY MUCH BE IN THEIR BEST INTEREST TO REVALUE THEIR CURRENCY RIGHT NOW AND ENTER THE GLOBAL MARKET DUE TO THE DIVERSITY THAT THEY CAN TAKE ADVANTAGE OF AND THE MANY JOBS IT WOULD BRING ETC ETC --- CBI IS INDEPENDENT BUT ALSO THE COUNTRY HAS TO BE INTERNATIONALLY COMPLIANT ECONOMICALLY AND WITH THEIR REGULATIONS FOR THE WORK OF CBI TO BE A SUCCESS AND ALSO THE LAWS HAVE TO BE IN PLACE IN ORDER FOR IRAQ TO TAKE ADVANTAGE OF THE REFORMS THEY HAVE PLANNED FOR THEM AND THE WORK THEY HAVE DONE.

1-18-2015   Newshound Guru OOTW    ...MANY ISSUES WITH THIS BUDGET SEEM TO BE IN A CATCH 22 MODE...THE IMF SAYS THEY WON'T LOAN THEM A DOLLAR UNTIL THEY PASS THE BUDGET, BUT THEN, HOW CAN THEY ALLOCATE - PROPER ACCOUNTING - WITHIN THE BUDGET UNTIL THEY KNOW/IF THAT'S GOING TO HAPPEN?

1-18-2015   Intel Guru TerryK   I'M HEARING THE BUDGET IS OFF FOR ANOTHER DAY...WED NOW.   BUT HEARING ALOT OF RUMBLING ABOUT ACTIVITY GOING ON IN IRAQ EARLIER TODAY... RUMBLES ABOUT TRANSFER OF LARGE AMOUNTS OF CURRENCY BY WIRE.  THE BANK [CBI]  IS CLOSED BUT THERE ARE PEEPS STILL IN THE SYSTEM WORKING. 1-17-2015   Newshound Guru szcin11   I HAVE BEEN COMMENTING IN RECENT WEEKS ABOUT THE VESTED INTEREST, THE WORLD HAS IN IRAQ, AND WHY ALL THE ESTRANGED COUNTRIES ARE RACING IN NOW, LIKE GREYHOUNDS CHASING THE RABBIT! YOU WANT TO KNOW WHY? LOOK!  US NEWSPAPER, IRAQ WILL BECOME THE BIGGEST OIL POWER IN THE WORLD!  Article quote  "Told The Washington Times reported that an increase in oil production in Iraq may determine the future of global oil prices in the coming years... it also indicated a Washington Times that Iraq is close to the number one position as the largest oil exporter in the world."

1-17-2015   Newshound Guru Millionday    IRAQ HAS A DELEGATION COMING TO WASHINGTON ON THE 18TH ACCORDING TO NEWS REPORTS AND ALSO SWITZERLAND HAS MADE SOME CHANGES WITH THEIR CURRENCY REPORTING THAT SOME CHANGES ARE EXPECTED IN CURRENCY NEXT WEEK...  [is the swiss have in any bearing on this?]  THEY HAVE ALWAYS BEEN KNOWN AS A WELL KNOWN INTERNATIONAL BANKING COUNTRY FOR INVESTORS -- THE STATEMENT THEY RELEASED WAS THAT SOMETHING BIG IS HAPPENING WITH CURRENCY NEXT WEEK AND DID NOT GO INTO ANY FURTHER.

1-17-2015   Intel Guru Frank26   If The FRANC JUST did this then what currency in Your opinion do You believe will be THE NEXT ONE to do The Same?  This is a START of many M R 's. (Monetary Reforms).  IMO, Many things...Stages...Mechanisms...Banks...etc. in many countries are primed and set for some economic and currency changes.  Iraq's economy is failing and how did DR S [Shabibi]  say was THEIR SOLUTION to this disaster?  By CHANGING their MONETARY POLICY.

1-17-2015   Newshound Guru Aggiedad77   TOMORROW WILL SEE AN "INTERNAL CONTROL CONFERENCE" SPONSORED BY PM ABADI...BUT MORE IMPORTANTLY IN MY MIND...THE CBI GOVERNOR WILL BE IN ATTENDANCE AT THIS MEETING...NEVER HAVE HEARD OF SUCH A MEETING...THIS COULD PROVE TO BE MOST INTERESTING.

1-17-2015   Newshound Guru Shredd   Bonds by nature are low risk for the most part since they have fixed rates. BUT, bonds can be horrible investments if the market is or could be fluctuating substantially. What does this tell us? Well it tells us that there is confidence in the investment and repayment of these bonds.  ...this "investment coming to Iraq" via bonds shows us confidence in the Stability of the market. This is a delicate balance.  This also shows us plans for infrastructure growth and investment interest. I'm not going to invest in a municipal bond if I'm afraid the city is going to be bombed, right?!

1-17-2015   Newshound Guru Shredd   Article quote:  "To the Director General of the Economic Department at the Ministry of Finance, Mr. Khaled Salah al-Din appeared optimistic when pointed out that Iraq could get out of this crisis, if it has been invested about true...Indicating that address this problem can be through the issuance of bonds..."  When you see in the dinar world all the talk about "bringing investment into Iraq" and how important it is, this article is speaking of this.  The issuance of bonds is lending.  Lending to municipalities for infrastructure...Lending to corporations for expansion.  [post 1 of 2....stay tuned]

1-17-2015   Newshound Guru Millionday   THE REVALUE OR CHANGE IN PURCHASING POWER /REDENOMINATION/AND INTERNATIONAL RATE CHANGES WILL BE ON THE MARKET/BANK/CBI/MONEY EXCHANGE BUSINESSES/ AND EVEN YOUR SMART PHONE WHEN THIS CHANGES AND THEY ARE INTERNATIONALLY RECOGNIZED AND THEIR CURRENCY IS PUT ON THE CURRENCY MARKET FOR SALE (AS IN FOREX ETC).

1-17-2015   Newshound Guru Tlar   The CBI has given us a heads up on the change in the currency value when they suggested to banks to take their time when addressing the population as they come into the bank to change out the big notes left in circulation.  The CBI told the banks to set up checking and savings accounts and give them walk around money.  This tells us that the currency should have significantly higher value.  What they have not dealt with in articles is bank accounts and IMO for good reason.  It would kill the system if the people thought there was a difference in the way an electronic dinar would be handled.  They would run the banks at the first inkling that the RV was imminent as they did in January 2014 converting all dinars to cash.  Logically IMO this has to be the only way for this to work.   [post 2 of 2]

1-17-2015   Newshound Guru Tlar    EVERYTHING IN IRAQ WILL BE AFFECTED BY THIS RATE CHANGE INCLUDING THE CASH, WHICH MEANS AS THE VALUE OF THE CASH INCREASES 1000 TIMES EVERYTHING else (whether in Iraq or not in Iraq) WILL BE DECREASED 1000 TIMES.  Following this logic, IMO the only people to benefit by this will be the people holding any cash just as you and I are. This is a hard argument for some to understand because guys like XXXX early on had his followers set up accounts in Iraq with dinars.   It is my belief they will not benefit from the change in value if their dinars are sitting in an account at a bank.  They won't loose money as value will remain constant before and after.  [post 1 of 2....stay tuned]

1-16-2015   Newshound Guru Millionday   Article quote:  "Parliamentary Finance Committee revealed, on Friday, for borrowing money from the World Bank and cash to address the shortfall in the draft federal budget law of the country for the current year"  THIS GOES ALONG WITH WHERE WE ARE AND ALSO THE STEPS THAT CBI STATED THEY WOULD BE TAKING TO MOVE FORWARD WITH THEIR PART OF REFORMS AND ALSO ONE OF THE HUGE STEPS THAT TAKES PLACE FOR DEVELOPMENT AS HISTORY HAS SHOWN AND ALSO A WAY TO MINIMIZE THE DEFICIT.  THE LOANS FROM THE WORLD BANK AND THE IMF --- TRUST ME THIS IS A HUGE FIND AND A GREAT ANNOUNCEMENT. THEY NEEDED THAT LAST STEP IMO --- GREAT NEWS AND WAS EXPECTED.   I AM OFFICIALLY EXCITED.

1-16-2015   Newshound Guru sczin11     [what do you see this weekend happening?]  I CAN NOT PREDICT WHAT MEDIA RELEASES WILL SHOW, BUT, IT IS VERY EVIDENT THAT THE CASE AGAINST THE MALIKI CREW, INCLUDING , BUT NOT LIMITED TO, THE CBI, IS IN THE PAST TENSE! LEADS ME TO BELIEVE CHANGE IS IMMINENT.  IF EVERYONE WOULD TRY AND FORGET ABOUT SPECIFIC DATES, AND WATCH THE PLAN UNFOLD, YOU WOULD BE VERY SURPRISED, AND EXCITED AND BE ABLE TO ENJOY THIS HISTORIC EVENT, A LITTLE MORE...AND AS WE SEE, WITHOUT LOOKING AT DATES, ACTIONS DO SPEAK LOUDER THAN WORDS!

1-16-2015   Intel Guru TNT Tony  [via Adept1]  Everyone is anticipating this and has agreed to the timeline...and it could happen anywhere within the timeframe they have agreed.  It doesn’t necessarily mean in the next 30 minutes or this afternoon.  We do know that there was to be a global announcement next Thursday and it could well happen before then.  We are within the window.  I love that Swiss stood up and did what they had to do to survive, and by doing that, other countries will follow.  I hope this weekend will be it. 

1-16-2015   Newshound Guru Millionday   I REALLY SEE THIS AS A GENIUS PLAN AND THAT IS WHAT WE HAVE BEEN WATCHING UNFOLD --- THE AGREEMENTS WITH THE ERBIL AGREEMENT AND ALSO TO HAVE A UNIFIED GOVERNMENT WAS A HUGE STEP AND THEY HAVE NOT REVALUED YET BECAUSE AS CBI STATED IT MUST NOT BE THE RIGHT TIME --- THEY WILL NOT ANNOUNCE IT BEFORE BUT TO SEE SO MUCH DONE THAT WE HAVE WATCHED HAPPEN --- IT IS OBVIOUSLY VERY CLOSE TO A PERFECT TIME FOR THEM IMO --- AND YES THEY NEED IT VERY BAD FOR THE CALL OF INVESTMENT.   [post 2 of 2]

1-16-2015   Newshound Guru Millionday   THE BEAUTY OF IRAQ AND HOW THEY ACTUALLY DO THEIR LAW SYSTEM AS FAR PUTTING IT TO LAW -- IS THAT THE FINAL STEP IS TO PRINT IT IN THE GAZETTE (IRAQI LAW BOOK FORMAL) SO YES THE LAWS ARE DONE BUT IN ORDER TO MAKE THEM ACTIVE THE MASSIVE PRINT I PREDICT--WILL MAKE THEM ALL AT THE SAME TIME BE EFFECTIVE AT THE RIGHT TIME AS THE REFORMS ARE ALL DONE AND RELIANT ON EACH OTHER --- THIS MAKES GREAT LOGICAL SENSE --- THE LAWS THAT ARE BEING DONE ON TUESDAY WITH THE BUDGET HAVE BEEN REPORTED TO BE THE FEDERAL SUPREME COURT AND AMNESTY AND PARTY LAW --- THEY HAVE 200+ THAT ARE ALL DONE AND NEED TO BE PRINTED TO BE ACTIVE SO THAT ONE DOES NOT MAKE ANOTHER UNLAWFUL OR UNCONSTITUTIONAL.  [post 1 of 2....stay tuned]

1-16-2015  Intel Guru DC  [via Adept1]  Iraq is still very much in the agreement they talked about, set up and ready to go.  That’s it.  Everything is cued, and the question is exact timing – any time from now on. [Any new information on the dong?]  The last I heard was 47 cents international and $1.02 contract rate. [You said there were slight changes – does that mean dinar below $3.58?]   ...we believe the range will be between 3.22 and 3.90, with $3.58 on the cards.  [Last Tuesday/Wednesday was the first time ALL the Central Banks worldwide connected to make sure this system was complete.]  They had done other tests, but we are being told that this was specifically for the RV.  WE believe that Iraq is very ready... and we are expecting this to go through at any time over the next four to five days.

1-16-2015  Intel Guru Mnt Goat   ...we end the week with a new window of opportunity for a possible RV.  We now ...know for a fact the ISX is tied to having the RV in place so this is no longer a rumor. I am now hearing there is going to be yet another attempt on Jan 20th for  ISX rollout. That is next Tuesday.  I am also hearing that Iraq and the USA agreed to let the RV proceed this coming week.  This is now why I am saying another window of opportunity has opened up for an RV.  So the window is from today Friday Jan 16th thru Jan 20th. The timing is now perfect!

1-16-2015   Newshound Guru Stryker   What we are waiting on is a much bigger and different event then what the Swiss franc just went thru and with that, things must be just right for it to take place...but the franc has nothing to do with the dinar or it's timing...if we are going to see the revaluation of the Iraqi dinar this month, the rate will be disclosed after the budget is implemented.  But remember; security, stability both economically and politically must be just right before the Central Bank of Iraq will pull the trigger and if so it can take place.

1-16-2015   Newshound Guru Adam Montana   ...who is in charge of the exchange rate: The CBI. That's it. ... the bottom line is simple. ONE organization is responsible for the exchange rate, and that organization is the CBI. Plain and simple.

1-16-2015  Intel Guru Jester   THERE IS A LOT OF BS GOING AROUND ABOUT THE SWISS REMOVING THE CAP TO THE EURO PEG...IT DOES NOT HAVE ANYTHING TO DO WITH ANYTHING BUT THE SWISS TAKING CARE OF THEIR CURRENCY. 

1-16-2015   Newshound Guru Aggiedad77   I have said since the beginning of 2009 that Iraq has no idea of how much wealth they really sit upon...and today in 2015 they still don't...too much is largely uncharted resources...they are still playing catchup with technologies associated with oil and gas activities...they have too vast an area that is wild and yet uncontained that needs to be explored...and still the world oil powers know there is a sea of oil here...they will soon be the king of oil...count on that...the other kings of oil have been pulling from their proven reserves for too many years....Iraq has reserves that haven't been tested yet...their time is coming.   [post 2 of 2] 

1-16-2015   Newshound Guru Aggiedad77    One Iraqi oil expert is saying that Iraq is living in a third world war...a war on oil...there is growing concern with the budget numbers that what is currently projected...I believe $60 oil...may not be adequate to cover where oil looks to be headed...$40 a barrel...but from what we are hearing oil is expected to rebound starting in the coming days...perhaps the Iraqi Oil Ministers realize this and have faith in where they currently stand today...at least one member of the Finance Committee believes there still could be further adjustments in the budget price of oil or the deficit will look bigger than originally anticipated...Iraq will not fail...will not be allowed to fail...In My Opinion.  [post 1 of 2...stay tuned]

1-16-2015   Newshound Guru sczin11  THE BANKING CORRUPTION HAS BEEN TALKED ABOUT FOR A WHILE, (FEW MONTHS) NOW...THE REPORT A FEW MONTHS AGO, 29 OF 33 STATE BANKS WERE SUSPECTED OF INTERNAL CORRUPTION... NOW THE CBI IS BEING ACCUSED OF CORRUPTION...THIS IS ALL OUT IN THE NEWS, SO THE WORLD KNOWS IT, AND OF COURSE ALL THE POTENTIAL INVESTORS, COUNTRIES AND CORPORATIONS, KNOW THIS...THAT BEING SAID, THEY ARE STILL FLOCKING IN...WHY? THIS ALL HAS TO BE DONE...IT MUST COME TO A WORLDWIDE ANNOUNCEMENT/CONCLUSION ANY MINUTE! HOW LONG CAN THE PEOPLE OF IRAQ BE KEPT IN THE DARK..WITH CARROTS DANGLING IN FRONT OF THEM.

1-15-2015   Newshound/Intel Guru BGG   ...had a conversation with a good friend/great investor this evening and his (I agree) current synopsis is this thing is moving along nicely and we almost can't hope for more...in 126 days Abadi has done some GREAT THINGS.

1-15-2015   Newshound Guru Kaperoni   The potential for a substantial return some day does exist...if nothing else the IMF themselves state it so referencing the gradual appreciation and the Balassa-Samuelson effect in the Article IV Consultation.

1-15-2015   Intel Guru EXOGEN   YOU ARE NOW WATCHING THE GLOBAL CURRENCY RESET RIGHT NOW LIVE IN REAL TIME!  OVERNIGHT CHANGE JUST TOOK PLACE OUT OF NOWHERE!  THE SWISS MOVE JUST SHOOK UP THE PLANET.  YOU ARE NOW WATCHING THE GLOBAL FORCING OF ASSET BACKED CURRENCIES AND THIS ALL MYSTERIOUSLY HAPPENED OVERNIGHT...GET READY...WE ARE NOW IN THE MIDDLE OF THE GLOBAL CURRENCY RESET.

1-15-2015   Newshound Guru Kaperoni   The budget means nothing to us.  The only benefit to us is the sooner they pass it, the sooner they can move on to more important issues like laws.

1-15-2015   Intel Guru TerryK   WHAT IM HEARING IS THAT WE MAY SEE THIS WITHIN THE NEXT WEEK BUT AGAIN TREAT THAT AS RUMOR.   I KNOW ALOT ARE TIRED OF THE ROLLER COASTER BUT WE ARE AT THE END AND IM NOT KIDDING ABOUT THIS WHAT IS COMING OUT THE NEXT FEW DAYS WILL CHANGE EVERYTHING.  THE DINAR WILL POP.

1-15-2015   Newshound Guru Adam Montana   [With the recent drop in oil prices, what is the market rate looking like for an RV?]   I don't generally do "rate" responses, but I'll shoot one out here - "off the cuff", I'm looking for .50 or less right now.  I know I'm going to get some flack for that, but I'm not backing down.

1-15-2015   Newshound Guru sczin11  THERE IS SOMETHING VERY INTERESTING GOING ON WITH ISX, AND SOME OF THE FINANCIAL COMPANIES ON IT...TRADE BANK OF IRAQ, IS THE KEY TO MY THINKING HERE...THEIR TRADING WAS HALTED, FOR THE HOLIDAY AND I BELIEVE A LITTLE BEFORE THAT...AND THEY WILL RESUME ON JANUARY 18, THEY HAVENT STARTED TRADING YET SINCE ISX HAS OPENED, AND CORRUPTION ARTICLES OUT TODAY, WHICH MEANS OBVIOUSLY...I FEEL, IT IS PAST NEWS... NOW THEY CAN BEGIN TRADING AGAIN...AND THEY ARE IMHO, THE MOST CRUCIAL FINANCIAL INSTITUTION, TO THE IRAQI COUNTRY, PEOPLE, AND CBI.

1-15-2015   Newshound Guru Chattels  despite the budget intrigue, it is likely to come and go as so many others without any change in the value of the IQD, we shall see.

1-15-2015   Newshound Guru Aggiedad77   ...we need to watch and wait...let things out of our control take their course...as they will...history in the making.  I firmly believe that better is on the way....and that many in the world will be genuinely surprised at how it arrives.  I remain confident and excited for all that we see happening.

1-15-2015   Intel Guru Frank26   Iraq is like the Moon...Filled with stockpiles of riches.  But due to the fact that The Moon is so far away they are useless to anyone.  JFK gave us 9 years to land on The Moon...We did.  It has taken us longer to land on Article 8.  Iraq's Riches are useless at 1166 ...And They Know This!   The ONLY reason Iraq would qualify for article 8 is BECAUSE they RAISED their dinar value.  IMO, This permission is/has been qualified by A [Abadi] and S [Shabibi]...GOI/CBI...Hence we wait for the POWERS to grant this action via The IMF.  We are ALL in a waiting Pattern.  IMO,  The Strength in our investment's gain to us lies in the Duration and Sustainability of our  Patience's. I sincerely believe we have Landed at this time in History with Iraq and her MR [Monetary Reform].

1-15-2015   Newshound Guru sczin11   NOT ONLY IS IMF AND WORLD BANK INVOLVED IN LOANS AND AID, BUT OTHER COUNTRIES ARE GETTING INVOLVED TO HELP IN THE IMMEDIATE LIQUIDITY ISSUES IRAQ FACES...THE USA IS SENDING MORE TROOPS, AND OTHER COUNTRIES JOINING THE COALITION TO FIGHT AGAINST TERRORISTS... HUMANITARIAN AID COMING FROM ALL OVER...ABADIS GOVT RACING TO MEET DEADLINES FROM THEIR CONSTITUTION....WHY IS ALL THIS GOING ON? THERE IS A VESTED INTEREST IN IRAQ BY THE ENTIRE GLOBE...THE OPEN MARKET GLOBAL ECONOMY IS UPON THEM...AND THE WORLD CANT WAIT TO TAKE PART...BE STRONG, BE POSITIVE, AND WATCH THE PLAN PLAY OUT!  [post 2 of 2]

1-15-2015   Newshound Guru sczin11  MUCH IS GOING ON, AS SEEN BY THE NEWS RELEASES...MOST OF THE NEWS IS "AFTER THE FACT", AND THUS WE CAN SURMISE THE PROCESS IS MOVING FULL STEAM AHEAD... THE BROTHERLY BORDER COUNTRIES ARE ALL BEING LINED UP...THE CLEANING UP OF THE CBI, AND ALL RELATED PARTIES IS DEFINITELY UNDER WAY...DR. SHABIBI, IS FREE, CLEAR, AND AVAILABLE FOR THE CALL TO DUTY! THE ISX, WELL STRANGE THINGS OCCURRING THAT I CAN SEE... A FEW VERY IMPORTANT FINANCIAL COMPANIES WILL RESUME TRADING ON SUNDAY JANUARY 18, 2015...TRADING HAD BEEN HALTED FOR A WHILE ON A FEW... ONE IS THE TBI- TRADE BANK OF IRAQ!.. THE 3 VERY IMPORTANT LAWS, FEDERAL COURT, PARTIES, AND RECONCILIATION BEING TALKED ABOUT A LOT- PROVINCES LAW APPEAL REVOKED, AND BEING WORKED ON..INVESTMENT LAW BEING TALKED ABOUT AND WORKED ON.  [post 1 of 2....stay tuned]

1-15-2015   Intel/Newshound Guru Poppy3   IF THERE ARE IMPAIRMENTS ...ABADI IS IN THE PROCESS OF REMOVING THEM. ...I THINK WE SEE A RATE BETWEEN THE 20TH AND THE 1ST OF FEB. JUST MY OBSERVATIONS. 

 1-15-2015   Newshound Guru Millionday  Article quote:  "Mazrui said the oil market "will take time to settle down."   THEY...SAID SOMETHING EXCITING.  THEY ARE WONDERING HOW LONG WILL IT TAKE TO SETTLE DOWN DUE TO THE ENTRY OF THE LOW PRICES OF OIL AND THE BUDGET AS WELL --- WHICH WOULD SEEM AS THOUGH THEY ARE REFERRING TO SOME TYPE OF CHANGE...

1-15-2015   Newshound Guru Adam Montana    [if iraq sells a few trillion dinars worth of bonds in dinar domestically...How will that effect the rv rate?]   I believe it will only help the rate, so good for us!

1-15-2015   Newshound Guru Chattels   [say we get a budget next week and a vote and no RV...what is it that we dont know that can continue to delay?]  we do know that Iraq is arguably suffering from the " double shock " of low oil prices and the continued disruption of Daesh, and the passage of a budget does not " cure " those issues and we have a hydrocarbon agreement, but not a law.

1-14-2015   Newshound Guru Adam Montana    [if they pass the budget and it has a rate in it does the CBI have to use that rate or can they make it high or lower than what is in the budget?]   I like how you are thinking - you are giving the CBI it's due credit. The CBI can do whatever it wants. End of story.

1-14-2015   Intel/Newshound Guru tman23   Interesting 64 billion number as the minimum for the CBI reserves...back in 2012 Shabibi said the reserves at the CBI were 64 billion and the CBI could cover the IQD 3 1/2 times.

1-14-2015    Newshound Guru Millionday   THIS IS FROM THE IMF   quote:  "...the country would be advised to push ahead with the transition to a market-based economic system."  NOTE -- A MARKET BASED ECONOMIC SYSTEM AS THE IMF IS STATING WOULD BE RUN BY SUPPLY AND DEMAND -- THE IMF SEES THIS NUMBER ONE OF THE MOVES TO BE DONE.  Quote:  "This requires a continued effort to reduce the role of the government by restructuring state-owned banks and enterprises while implementing reforms..."   SO THEY HAVE AN URGENT NEED TO MOVE FORWARD WITH ITS ECONOMIC REFORM...

1-14-2014   Intel Guru TNT Tony   [via Adept1]  ...we know the budget has been done and documents have been signed.  the guys who had been holding it up are now saying, “Okay, let’s do this”.  They just had the meeting yesterday, and all the people in all the countries were involved.  From the highest authority, they are now saying “Let’s go.”  The window started last night...The new window is in the next 4-5 days...they don’t want us to know the exact day or time. All we can do is look for it right now, at any time.

1-14-2015   Newshound Guru Adam Montana   [Do you think there will be RV this year 2015 first quarter? The reason I ask is because of the budget and HCL and we seen many articles that they would pass the budget and HCL but keep coming up with excuses not to pass the budget because of low oil prices. It just seems like every year same old same excuses.]  I've been watching this for years and I am with you! But yes - I think this is the best possible time we have ever EVER seen!

1-14-2015   Intel/Newshound Guru Poppy3  ???happened again???  will it mean something this time? ALL BANKS AROUND MID TN HAS STOPPED SELLING VN DONG, THIS HAS HAPPENED BEFORE A COUPLE YEARS AGO AND THIS TIME SEEMS ALL HAVE TOTALLY STOPPED AGAIN EVEN IF YOU TELL THEM YOUR TRAVELING THERE FOR A VACATION THEY TOLD A FRIEND THEY COULDN'T AT THIS TIME GET HIM MORE DONG.  IT WAS REPORTED IN THE WSJ [WALL STREET JOURNAL?] THIS PAST SUMMER THAT VN HAS THE 5TH FASTEST GROWING ECONOMY IN THE WORLD  ...MANY HAVE REPORTED HUGE RATES AS POSSIBILITY ON THE DONG.  I HAVE ALWAYS THOUGHT AND REPORTED MY SOURCES HAVE SAID FROM 3 CENTS TO AS HIGH AS A NICKLE AND I STILL STAND BY THOSE RATE POSSIBILITIES. THAT IS STILL A GREAT RETURN ON INVESTMENT. 

1-14-2015   Intel Guru DC  [via Adept1]  The Fed, UST, IMF and BIS have tested all their systems, and that was successful.  They don’t need anything else on that.  Law enforcement agencies are ready, and some are in lockdown and/or high alert. That’s the DC area...IN the rest of the US, the banks are ready to go. Iraq is ready, they wanted this at any time, and some of those holding it back in the US are now supporting this getting done.  On the cards, the Iraqi dinar is $3.58;  we have heard other rates on general exchanges from $3.11 to over four dollars.  All four currencies are still in the basket.   We are in a nice window to get this done in the next 4-5 day.  We are watching actions, not words, and everyone is getting ready for this.

1-14-2015   Intel/Newshound Guru tman23   8 day countdown is to the 20th...the passing of the Budget is law for the Kurds to receive 17%...Up until right now they only have a written agreement that is basically a handshake...The Budget to law makes that agreement binding...Then expect to see the changes follow.

1-14-2015   Newshound Guru Millionday   [IM STILL NOT SURE IF BUDGET CAN TRIGGER THE CURRENCY REFORM DIRECTLY.]  CBI STATED YESTERDAY THEY WERE ABLE TO TRIGGER THE ECONOMIC REFORM AND MONETARY POLICY WITH THE INVESTMENT MONEY FROM OTHER COUNTRY INVESTMENTS -- SO NO WORRIES.  EITHER WAY -- THE TIMELINE IS VERY CLOSE WITH WHICH EVER WAY YOU TAKE IT ON THE BUDGET -- THEY ARE VERY CLOSE VERY.

1-14-2015   Newshound Guru Adam Montana   I never invest on emotion... I only invest on logic.  So looking back at my last week's update, I realize I used the word "soon", and to be completely blunt here... I'm surprised that it didn't happen yet, but since I used the word "soon" I feel like an explanation is owed...Here it is:  The Iraqi Dinar is undervalued. The CBI can and should raise the value, they CAN support a higher value, and at some point we are going to see a profit on it.  It's THAT SIMPLE.  We are on the cusp of something big. It's looming over us. We are in the shadow of a giant tidal wave that's about to crash onto the beach and take everyone but us by surprise. There's no way around it!  Abadi has made so much positive impact, the political atmosphere in Iraq has never seen this much harmony, and we are all just here waiting to reap some rewards.

1-14-2015   Intel/Newshound Guru Poppy3   ...A PANEL FORMED FROM ALL REGIONS REPRESENTED THAT WERE TO STUDY THE BUDGET AND AGREE ON CHANGES. THEN WHEN THEY ALL CAME INTO AGREEMENT THEY WOULD TAKE IT TO THE FULL PARLIAMENT TO VOTE IT INTO LAW. SO IT HAS PASSED THE PANEL NOW JUST NEEDS THE VOTE TO MAKE IT OFFICIAL AND POST IT IN GAZETTE.  SOUNDS LIKE GREAT PROGRESS TO ME.  NEWS ON ALL FRONTS ON DINAR RATE SHOWING IS LOOKING MORE PROMISING THAN EVER. ITS HAPPENING RIGHT BEFORE OUR EYES. 

1-14-2015   Intel Guru Delta   Budget – how it works based on their constitution. The budget gets passed by the GOI (Council of Ministers - they vote for it). It then goes to the parliament. Parliament usually reads it 2 times (not 3) and then they have open-discussion to see if any further ideas need to be implemented. After that, they put the budget up for voting. After the parliament votes for the budget it goes right-away to the President. When the President receives the budget (according to the constitution) he has about 15 days to sign it or not to sign it. If he doesn’t sign it, we start from square-one again...but that is not going to happen that way. The President does NOT have to wait the whole 15 days to sign the budget. He can sign it right away. After the President signs it, it goes to the Gazette (which is the official newspaper of the Iraqi government. From the Gazette it takes about 2-3 days which then becomes law.

1-14-2014   Newshound Guru Chattels   Article quote:  "Baghdad/Al baghdadia news and. .. The parliamentary Finance Committee, confirmed Wednesday that they are continuing in meetings and meetings for the submission of the final report of the federal budget, are approaching it from a financial planning for the budget." THERE IS NO THIRD READING THAT I AM AWARE OF.  THERE IS A FINAL DRAFT BEING COMPLETED BY THE FINANCE COMMITTEE AND THEN THE VOTE.  [SO THEY CAN JUST DO THE VOTE SATURDAY?]  THE EARLIEST THAT A VOTE COULD BE HAD IS SATURDAY WITH THE FOUR DAY WAITING PERIOD, BUT THE REPORTS ARE THAT PARLIAMENT DOES NOT MEET AGAIN UNTIL TUESDAY, THE 20TH.

1-14-2014   Newshound Guru Millionday   Article quote:  "House of Representatives member Furat al-Tamimi on Wednesday passed the general budget of the country in record time to the presence of harmony between the blocks, noting that there were some differences in views on some of the paragraphs but it can be remedied"  SO THAT IS GREAT NEWS.  [how can they have passed the budget without the vote? THEY HAVEN'T, THEY HAVE AN AGREEMENT ON WHATS IN IT.]   THEY ARE SAYING THAT THEY ARE GOING TO PASS IT AND MANY LAWS AS WELL IN RECORD OR ON TIME...THE VOTE IS BETWEEN TODAY AND TUESDAY.

1-14-2015   Newshound Guru Enorrste   The float must preceed the removal of the large notes, because in order to remove the large notes the value of the dinar must be higher.  It will take 2 to 4 years for the value to get high enough to remove all of the large notes.  Since the smallest large note is 1000 dinars, then, in theory, the value would have to be at least $.20 per dinar for them to remove that note, the others having been removed prior to that time.  At $.20 per dinar the 1000 dinar note would be worth $200, so they would get them all off the street at that rate.  However...it is my opinion that within 2 to 4 years the value may be as high at $3.50, or more.  The float can start at any time.

1-14-2015    Newshound Guru Millionday   THEY HAVE MADE MANY PUBLIC AND MEDIA STATEMENTS THAT THEY ARE HUSTLING TO MINIMIZE THE DEFICIT --  BUT HERE IS THE STATEMENT>> "the need to have a monetary policy of the Central Bank to cover the deficit"   SO MY POINT BEING THAT ONE OF THE SOLUTIONS TO THE DEFICIT IS THE NEW MONETARY POLICY -- THAT IS SOMETHING TO SMILE ABOUT.

1-14-2015   Intel Guru Delta   Budget - ...Parliament met (Monday) and they did read it the 2nd time and allowed time for open discussion. Next Tuesday (Jan. 20th) they should vote on the budget. If not, it should be passed before the end of this month! And will be effective retroactive to January 1, 2015. The good news is that for the 1st time in 11 years they have a budget that will pass. ...we all know it’s ready. They could vote for it on Thursday.  IMO, we all know that 1166 is not going to help them at all. They have to come out very high. Because of the oil prices and the deficit...they will have to come up to $1.49 to $1.50...at the lowest at $1.00.   IMO - They are going to listen to the IMF and increase the value of the IQD.   [post 2 of 2]

1-14-2015   Intel Guru Delta   We are on the verge of a big change.  Because of the oil prices, a lot of things moved faster in our direction. Some of us were thinking that they could drag this out till March or April or June of 2015 but I have to tell you that in my opinion...based on the evidence that we got...that January 2015 we might see the rate change! ...all of the members of the Parliament are asking the same question...“how are we going to fix the deficit?” The financial committee assures everybody that with the help of the CBI that change is coming.  The only help...the only savior that will save the GOI is the CBI – (which just happens to be working together in a coordinated way).   [post 1 of 2....stay tuned]

1-13-2015   Newshound Guru Aggiedad77    So what does this mean...according to [Intel Guru] Delta, they need to change the currency rate to make this MR happen to deal with the deficit they claim is in the budget...no deficit no economic crisis...Delta also believes this could happen any day...and may not drag out to the end of the first quarter.   ...forget the budget...the budget will change when the CBI gives the word...but the message will first come from the CBI...What are they looking for...the correct timing and the coordination with the government...the timing is coming...soon.   [post 2 of 2]

1-13-2015   Newshound Guru Aggiedad77   Am I excited...well to put it one way...YES!  We are seeing the GOI and the CBI coming together...they have committee work that is going on to tweak the MR (Monetary Reform) or the ER (Economic Reform) which ever you want to call it...they are meeting, they met last week on Wednesday...The CBI is ready...but we know they have been ready for a long time.  But now they are ready to do their duty...their platform is ready...they stand poised...for once...the CBI...the COM...the Parliament and even within the Parliament the Fin Committee are all stacking hands on one thing...changing the MR...is key to overcoming their economic crisis right now.  [post 1 of 2....stay tuned]

1-13-2015   Newshound Guru Kaperoni   Article quote:  "said the central bank keen on the implementation of monetary policy and invest their tools, including the Iraqi economy in general serve."  Looks like these bonds will reduce the money supply (dinar) in return creating demand for dinar and strengthening the currency value. This looks like a good way to improve the Market Rate and get the dinar in compliance with the IMF.

1-13-2015   Newshound Guru Stryker  Today many articles have now come out confirming the announcement of a complete consensus of all the political blocs in the approval to the 2015 Budget for next Tuesday the 20th.

1-13-2015   Newshound Guru Enorrste   Iraq has located over $200 billion in stolen funds that belong to the government of Iraq but are located in other countries. I have read articles that clearly indicate the desire of those countries to return the funds to Iraq as soon as possible.  Iraq is very well managed now, with Abadi, and as soon as Shabibi takes back the CBI we will see the street rate fall in line with the official rate, reserves begin to rise again, and the plan initiated as originally stated. Just how Shabibi will accomplish this has yet to be revealed. But with $200 billion at the door I don’t think he will find it too difficult to find a solution.

1-13-2015   Newshound Guru Millionday   Ariticle quote:   "Committee announced the United Nations Compensation Commission, on Thursday, their consent to request Iraq to postpone the deposit of 5% of its oil revenues in compensation to Kuwait from the Gulf War , indicating that the delay will be for a period of one year..."  SO THEY RECEIVED A YEAR FOR THE KUWAIT PAYMENT TO ALSO HELP WITH BUDGET.  THIS WAS APPROVED FORMALLY BY THE UN.  TOMORROW [TUESDAY] THE BUDGET WILL BE IN PARLIAMENT AT THEIR FOURTH SESSION I BELIEVE -- THEY HAVE STATED THAT THEY WILL VOTE THE SAME DAY AS THEY HAVE PERMISSION TO EXPEDITE.

1-13-2015   Intel Guru Mnt Goat   ...with...other pending items such as article 140, the budget and still security issues with Anbar, I do not expect to see any announcement of completion of economic reforms in the near future.  ...there is only ONE lonely event to get Iraq back in the global international markets. This is to have the USA release the rollout...  Then the rate will be live to the rest of the world. Then Iraq will join the international community. Everything else to be completed is just a matter of conjecture and political demands now being made upon Iraq. This rollout will  not happen until all these demands are met. No one has a list.   [post 2 of 2]

1-13-2015   Intel Guru Mnt Goat   ...we were in a good window to possibly see the RV from last Thursday thru to Sunday.   I knew for a fact Iraq was targeting to go live with the Iraqi Stock Exchange (ISX) global sector and they needed to have a current global rate for the IQD or a rate indicative of a true value to their currency...  You see they are desperately trying to sync up events...all trying to get Iraq completed to meet USA and UN satisfaction.  ...over this past weekend the finance ministry came out with a note on the ISX screen stating that trading was to be held up due to the economic reforms now in progress. ...this was actually amazing news.  ...we now know that the RV is in fact tied to the ISX currency trading of the Iraq dinar going global. Rumor that Iraq is going to try again on Jan 15th  for the global activation of ISX. They will need an RV prior. I do not see a chance in hell of this happening.   [post 1 of 2....stay tuned]

1-13-2015   Newshound Guru sczin11   ANY COUNTRY THAT WILL GIVE CREDIT TO THE NEW IRAQ, SHOWS ONLY 2 THINGS... CONFIDENCE AND STABILITY IN THEIR ABILITY TO REPAY!

1-13-2015   Intel/Newshound Guru tman23  ...I have a considerable amount of time dedicated to vetting the speculative theory....AND QUITE FRANKLY THE POSSIBILITY OF GETTING RICH EXISTS! ...as of recently we have...A Republican Congress that passed an Omni Bus Bill where NOBODY was able to read it AND to date they still don't know what is in it...We do know at the 11th hour they slipped in lifting US Bank regulations that restricted "speculation investing" AND the US Government would bail them out...So IMO...Now they will accept your IQD! ..,what I spoke about in 2012/2013...are now surfacing...They are the requirements to make exchange possible...So with all this happening I am blown away with anticipation...8 days and counting!

1-13-2015   Intel Guru TNT Tony   The budget is actually done, and articles have said the second reading has been done. So the real bottom line is that they have completed the checklist and are absolutely being held back.  Iraq says they are ready to do it, but the US is still not allowing it...we don’t know the reason they are holding it up.  WE are still in a good position, and Iraq it trying to push it, we just don’t know when....we don’t even have a window...it could go at any minute. 
 
1-13-2015   Newshound Guru Aggiedad77   They have just spent a number of days on the second reading of the budget and have announced the vote to take place on Jan 20....this all from their official website.

1-13-2015   Newshound Guru Tlar   The dinar is stable.  Iraq's debt is low compared to other countries as the reserves they have including gold could pay all their bills if no income came into the country for longer than the IMF requires.  So as far as their ability to cover imports and debt for three months as required of reserves, that's a no brainer. We have seen Iraq on the verge of civil war followed by terrorists attempted take over.  What has remained stable and strong is the Dinar.  In fact it has gained in strength. Iraq's problems have always been short term waiting on real leadership and management to resolve its problems.  The world is waiting on their doorstep to dump money into their economy.  I believe Abadi and gang are trying to get the door open.  The currency is safe and as anybody who ever looked deeply into this investment knows.   It is undervalued plain and simple.

1-13-2015   Intel Guru DC   [via Adept1]  Iraq is ready to go.  Iraq has made a lot of progress and it waiting for the US to let them go.  We are not getting a straight answer when that will happen...we don’t know what their timeline is.    ...on the television, they continue to say the economic reform must be done immediately. They tweaked the budget again...Second reading was done and ready to go, and they will not do a third as we understand it. Does it have to be done for the RV?  No.   Cards are still at $3.58. The CBI has been given clearance on the RI rate.  There may be an adjustment between $3.22—3.90...Even the CBI doesn’t know what rate they will choose. [post 2 of 2]

1-13-2015   Intel Guru DC   [via Adept1]    ...there is an immense number of contracts waiting to be finalized when this goes through:  roads, condos, another dam, utilities, all kinds of things are waiting on this. They will hire hundreds of thousands of people very quickly once they can do this.  So many companies are putting pressure on the US and the CBI to get this done. The big international companies who do business with Iraq are telling them to come on, already!  They are arguing over tiny details when they could be employing so many people. That adds a lot pressure to the situation.  [post 1 of 2....stay tuned]

1-13-2015   Intel Guru ScottiG   [via JaxJags]   Abadi continues to speak about going forward...the latest..."opening up for foreign investments." I can not image the world coming into Iraq and investing without the CBI changing the status of the IQD and with the change in status a reality rate.

1-12-2014  Dinar Guru Poll  Today is your last opportunity to answer the most controversial and hot topic questions of dinar land..."What do you feel 'Delete the Zeros' means?".  Scroll up and look right to vote now.

1-12-2015   Newshound Guru Millionday   Article quote:  "House Speaker Salim al-Jubouri, said at a news conference on Sunday that on Monday will be the end of the second reading of the budget law..." [Will they vote on it after that?]  THE REPORT WE HAD STATED AT THE SAME DAY.   THE BUDGET IS BEING PLACED ON THE TOP OF THE MOST IMPORTANT TO BE DONE.  ABADI SEES THE LACK OF BUDGET LAW AS CORRUPTION TOWARD THE COUNTRY OF IRAQ -- THIS IS A HUGE STATEMENT -- ... WITH TOMORROW [MONDAY] BEING THE LAST DAY OF THE BUDGET MEETING.

1-12-2015  Newshound Guru Aggiedad77   Article:  "Iraq delivers a building inside the Green Zone to the Saudi delegation to re-open its embassy"  Iraq offers up the old Saudi embassy facility to the Saudi's who are coming back to town and are expected to be operational within the next 2 months...doors continue to be open that were sealed years ago...and progress continues to be made in positive directions.

1-11-2015   Newshound Guru sczin11   Article quote:  "Khandan -ali Naji Stressed the coalition of citizen's parliamentary bloc (ISCI), the House of Representatives that the followers of former Prime Minister Nuri al-Maliki, does not affect the work of the Iraqi Council of Representatives" ANOTHER HUGE STATEMENT... MALIKI AND HIS SUPPORTERS, ARE SMALL IN NUMBERS, AND BASICALLY, NOT INFLUENTIAL IN THE RUNNING OF THE "NEW IRAQ!"   ...they have become a minority is impressive and the number does not exceed the fingers of one hand.

1-11-2015   Intel/Newshound Guru tman23  ...if the US exchanges IQD and holds it in the coffers...Iraq is under the US control for years to come...No matter the price of oil...The USA would control their economy...So there are plenty of reasons for a $3.40 plus rate...A slow float doesn't float anything...it sinks!

1-11-2015   Newshound Guru Aggiedad77   This has to be the first time since at least 2006 that "security and stability" of an Iraqi government can seriously have any meaning at all...when the leadership can actually put coherent thought processes together that create unity...one can easily see how security and stability would tend to follow...they have....IMO...pushed the can down the road in a proactive manner...since Sept 8, 2014...look for the steam to pick up I believe in this first quarter of 2015...a strong GOI...and Parliament...something I would have not thought possible from Iraq just a year ago.

1-11-2015   Newshound Guru Chattels   Article Quote:  "The President of the House of Representatives, Salim al competent parliamentary committees to hold meetings with stakeholders to discuss the budget for fiscal 2015 to be next Monday, the last day to complete the discussion of the budget to allow the Finance Committee for study and preparation of the final wording before the vote..."  i continue to believe that the discussion and amendment to the budget will result in a final revision and vote four days after the final reading...such may be as early as MOnday which makes a vote possible on next weekend, the 17 / 18th.

1-11-2015   Newshound Guru Millionday   Article quote:   "the opening of the Saudi embassy in Baghdad soon to be "in a sign of the return of the two countries after the formation of the new Iraqi government." AFTER 25 YEARS THEY ARE REOPENING THEIR EMBASSY.   Quote:   "The Ministry is responsible for the organization of exhibitions in Baghdad and the provinces and the arrival of British companies; for the establishment of specialized exhibitions to display and sell products"  [this is such a big announcement... its not like some small minor country wants to trade with Iraq...this represents the UK!]  HUGE NEWS -- COUNTRIES ARE READY TO DEAL WITH IRAQ -- WHOLE COUNTRIES -- NOT JUST ONE AND NOT JUST TWO -- THEY HAD STATED MONTHS AGO THAT THE GLOBE IS RELYING ON IRAQ AND THE RETURN OF MARKET.  THE BUDGET IS NOT DONE AND THE LAST DAY IT CAN BE IS MONDAY.

1-11-2015   Newshound Guru Enorrste    [I think I heard you say ...that as soon a the float begins, you will run out and buy more dinar. Do you think that enough people doing that could further increase the value of the dinar -- even before the passage of banking and investment laws leading to the passage of Article VIII (and of course improvements in security)?]  the short answer is:  YES.

1-11-2015   Newshound Guru Tlar   The CBI won't publish that number but in Jan of 2012 Saleh let a little of the cat out of the bag.  He stated early in 2012 that there were only 4 trillion "circulating" which indicates that the rest is "NOT CIRCULATING".  That was in the first part of 2012 and we know from the auction numbers that since then CIRCULATING DINARS have been reduced. So what can we gather from this?  We might assume that today we have less than 5 trillion dinar "CIRCULATING" and that the rest lie in investor hands such as you and I, and with central banks around the world and that this currency is not "CIRCULATING" and is not to be considered in what Iraq's reserves must cover.  This would affect what Iraq's currency is valued at exponentially IMO.  [post 2 of 2]

1-11-2015   Newshound Guru Tlar    The CBI has only to cover "CIRCULATING CURRENCY" period. The currency you hold and I hold and people like us around the world is "NON CIRCULATING CURRENCY".  Why?  Because it is not accepted anywhere and you don't live in Iraq.  The dinar sitting in vaults around the world in central banks is "NOT CIRCULATING" either.  According to the IMF it too is not considered in this equation.  What is considered by the IMF is "CIRCULATING CURRENCY" and that is the currency being used in Iraq whether in a bank account or otherwise...So out of the 35 to 40 trillion dinars let out by the CBI, how much is CIRCULATING still?  [post 1 of 2....stay tuned]  1-10-2015   Intel Guru Frank26    [Does your team think that the ISX and ESX will reopen as planned tomorrow or will they wait for the rate past January?]   They know without rate there is no sense in opening.   So IMO...No.  If they do then it's for the motion of it all not the monetary plus. 

1-10-2015   Newshound Guru Enorrste   ...we recently read an article that stated that the Parliament had found $200 billion in Iraqi funds that had been stolen and were now located in banks around the Mideast?  That is the money that Maliki stole.  As long as Keywords is in control of the CBI it is not likely that they will act to recover the funds, irrespective of Parliament.  However, if Shabibi were to get back in as head of the CBI, then not only will the funds return to Iraq (which will be HUGE), but it will also point the finger directly back to Maliki, who will then be prosecuted.  This, then, is the real reason that Maliki is trying to get Shabibi back into hot water:  he can't afford to have him come back to the CBI for the reason just stated.

1-10-2015   Intel/Newshound Guru tman23  The "renovations" are not at the ISX but rather "bank payment systems"...So those who invest in the ISX will be transferring money, exchanges etc...and how this is done or calculated is the "change"...it is the signal for "international" about to take place.

1-10-2015   Newshound Guru sczin11  REMEMBER, OIL WAS $32/BARREL WHEN THE RATE WAS $3.22! ALSO I ASK, WHAT IF THE BUDGET WAS APPROVED AT A MUCH HIGHER RATE, AND MID YEAR OIL FELL DRASTICALLY? WOULD THE COUNTRY SHUT DOWN AND IMPLODE? UNDERSTAND MY OPINION HERE?  [THE ONE THING THATS NOT TAKING INTO CONSIDERATION IS WHEN IT WAS 3.22 AND OIL WAS 32.00 A BARREL THEY WERE NOT TRYING TO REBUILD THE COUNTRY FROM WAR.]  CORRECT, AND THEY ALSO WEREN'T PUMPING WHAT THEY ARE TODAY, AND DIDNT HAVE THE WORLD SUPPORT THEY HAVE TODAY, AND HADN'T FOUND GAS THEY HAVE TODAY, AND DIDN'T HAVE GOLD LIKE THEY HAVE TODAY, FOR STARTERS.

1-10-2015   Newshound Guru Enorrste   With respect to opening at 1 to 1... Just as it is impossible to RV at $3.50 it is also impossible to RV at $1.00 per dinar.  It would destroy the economy of Iraq because, overnight, their money supply would be $40 trillion!  That is larger than the entire money supply in the world.  It won't happen.  Similarly, if they LOPped...then there is no benefit whatsoever to the Iraqi economy and ...would make no sense at all.  A LOP would do nothing good for the value of the dinar.  It is "revenue neutral" and the CBI is and has been on record for years that the goal is to "restore the value" of the dinar to what it was in the late 1970s.  The LOP will not accomplish that, and it is not in the cards...it just isn't happening.  [post 2 of 2]

1-10-2015   Newshound Guru Enorrste   ...moving to a floating currency, in the short run, will not change a thing.  It comes out at 1166 to 1 and is now a world-recognized currency.  Within Iraq there will be no change at all, initially.  However, over time (and this is the most important fact...) investment will come into Iraq that will improve the lives of the people.  As the investment improves the lives of the people the value of the dinar will rise...  Add to that international speculation in the dinar and it will rise even higher.  At that point, imports into Iraq will become cheaper, not more expensive.  This means that the influx of imports will improve the lives of the people of Iraq...!  There is no way, and I emphasize, NO WAY, that moving to a float will destroy the dinar.  Just the opposite will occur:  the dinar will rise in value.   [post 1 of 2....stay tuned]

1-10-2015   Newshound Guru Aggiedad77   ...what we are seeing is a worthwhile process by the Parliament, they are being very thorough in their discussion of the budget and its process...they meet again on Monday making final recommendations to the Finance Committee on any final wording changes...then a vote...I suspect the vote will be next week sometime...the main sticking point..of course has been the concern over the price of oil and what its future holds for Iraq.

1-10-2015   Newshound Guru sczin11  DR. SHABIBI WANTS DOLLAR GONE, CAUSE HE WANTS WTO, AND IRAQI DINAR SOLE CURRENCY...THE VALUE OF THE IRAQI DINAR CAN BE SUPPORTED...UP TO THE ROOF!   IF THEY JUST LET IT OUT, AND SUPPLY AND DEMAND TAKES OVER, HOW LONG DO U THINK HEDGE FUND MANAGERS WILL LEAVE IT AT BELOW A PENNY, GIVEN THE WEALTH OF IRAQ?  IN THE STATEMENT FORMER GOVERNOR OF CBI, TURKI, MADE ON MAY 2, 2014, WHERE HE STATED DINAR CAN BE SUPPORTED TO THE ROOF...IN SAME STATEMENT HE SAID HE WAITED ON STABILITY! hmmmm.  DO U THINK THE FACT THAT TURKEY, IRAN , QATAR, KUWAIT, AND NOW YES, SAUDIA ARABIA, SETTING UP EMBASSIES AND OPENING CONSULATES, COULD MEAN STABILITY HAS ARRIVED IN IRAQ?

1-10-2015   Newshound Guru Tlar   The strategic study in 2008 suggested they could support 1.13 to 1.  That was then.  My argument has always been that in 2008 the reserves were low (30ish billion) and there economy was much smaller due to the fact that oil production was around 1.5ish million bpd.  Today I would argue that the reserves are over 100 billion (BIS, Foriegn currency and gold) even though the CBI states they are 70 billion.  There has been a few articles that slipped out that stated 100 billion and there was 82 billion released to the CBI that I believe the CBI deposited with BIS during 2014. So how much do they have in reserves, at least in the short term we may never know the truth...My point is this, what was good for 2008 as far as the rate they could support, is at least 3x's better today.

1-10-2015   Intel Guru TNT Tony  [via Adept1]   The ISX was supposed to reopen on the 15th, and they pushed it to the 11th.  Only this morning, we heard it might be moved back to the 15th;  that is not confirmed though. Iraq said they wanted 3-5 days before then. They could drag it to the last minute...   A guy in London just completed his exchange...$3.41 in US dollars... The rate is live in London, and it could still be only selected clients, but they started calling people in.  He thinks it’s going to be a great weekend for everybody.   It’s what we expect and hope for, that it might happen this weekend.    [post 2 of 2]

1-10-2015   Intel Guru TNT Tony  [via Adept1]   Iraq has done everything they are supposed to do, regardless of whatever articles you are reading that are 2-3 days behind what has occurred.  On Monday, the schedule was for this to happen Wednesday noon, no later than Thursday at noon (EST). That is what THEY wanted to do because they did everything required. They were stopped, because someone wanted to review everything, and then someone (in the US) said, “I need you to wait on an announcement.”  [post 1 of 2....stay tuned] 1-9-2015   Intel Guru DC   [via Adept1]   In Iraq, they are very ready and eager to get this thing done.  They have finished the budget, although there are articles that say the second reading on Saturday.  In fact, they did that on Wednesday. Iraq is quite ready security-wise;  nothing much has changed since Wednesday.  The interbank rates keep changing, but the Iraqi cards are still at $3.58.  The ISX is...the Iraqi stock market. They want their stocks to reflect the new prices.  Iraq is very, very ready and want this done before the ISX goes on Monday. The US says they are okay with it but they asked Iraq to hold off on the announcement.  We are expected this some time this weekend. 

1-9-2015   Newshound/Intel Guru Randy Koonce   Again No one has cashed in. There are no #800 numbers no groups that you have to get in... this is just an RV or RI which ever you want to call it with Iraq...There is no Global event... Do not worry about the budget because they will not open it until the RV so following the Budget is not a great plan...Remember they passed 4 budgets and as of yet opened one.  So a window will open Sun evening until the middle of Feb... I know it is a little large window but many things are happening on the inside that could make it go fast or slower... Truth is I do not like to say anything until I know we are in a good window...That being said anything can stop it slow it down or get if moved...I just wait until there is something to say...or the timing is getting closer...so lets see if the next few days brings us some happiness... We are close.  Every large bank will exchange.   Breathe...

1-9-2015   Newshound Guru Tlar    The job of the CBI is to protect the currency and IMO that's what Shabibi was doing in his last years by trying to institute this program.  The most important thing that bleeds through all the years is government support. Had he had the support of the government and its institutions it is my belief this would all have been over years ago but one can only speculate why Maliki has adamantly fought this all the way.  Government support was needed then and today we finally see that in place.  That's why I think we are so close you might be able to touch it.  This weekend will see if I'm right or wrong.  I think they are as they themselves have stated "ready".  [post 2 of 2]

1-9-2015   Newshound Guru Tlar   I have avidly followed the dinar since Nov 2008.  One thing I have seen the CBI do over and over is try to get the government on board to monetary change.  IMO the facts to me show that Shabibi was ready as far back as 2010 and with each passing year he set up deadlines that he had hoped to hit on currency change.   This was all before the laws that some feel now are so important or before any budgets.  In fact the CBI stated not to long ago they will do this when they think the time is right, with or without the budget being done.   Monetary change is in itself a goal stated by the CBI and IMO it in itself must be independent of everything else.  [post 1 of 2....stay tuned]

1-9-2015   Newshound Guru OOTW  THEY HAVE TO READ THREE TIMES,  ...DIRECTLY FROM THE PARLIAMENT SITE - IN THE LAWS SECTIONS, SPECIFICALLY STATES THAT THE BUDGET HAS ONLY BEEN READ ONCE (AND THAT WAS FROM YESTERDAY'S "UPDATED" LAWS SECTION AT PARLIAMENT SITE)

1-9-2015   Intel Guru tman23   Keep staring at the wall watching paint dry and you'll see all sorts of things that are not there...Thats the best description of IQD land right now...I am waiting on January 21st as a date to be informed...

1-9-2015   Newshound Guru Chattels     [What is your take on the ISX opening without a raise in the currency value? Is it a requirement for the ISX to move forward?]  if our event MUST occur before x,y,z is happening then our event would be predictable, and it is not...

1-9-2015   Intel Guru MarkZ   [1/8/15, 8:56 PM]  News has been good. Now we wait and see how the next 72 hours or so.  

1-9-2015   Intel Guru Frank26   They are going to start paying OUTSIDE of Iraq electronically.

1-9-2015   Newshound Guru Chattels  Article:  "Iraq Forces Coalition: We Will Not Vote On Adoption The Budget If It Does Not Include The National Guard Law"   the Iraqi Forces Coalition...are Sunni...not enough of them to frustrate passage of the budget, but the goal is consensus, so expect perhaps some delay to negotiate to meet their concerns...by delay i mean likely that the end of the month is doable and consistent with several articles.

1-9-2015   Intel/Newshound Guru tman23    The CBI has two separate foreign exchange rates: a floating “market” rate available to everyone, and a fixed “auction” rate available only to banks and certain importers. The market rate for dollars is currently much more expensive than the auction rate due to high demand. This is only natural: the gap (or “spread”) between the two widens during times of crisis because people lose faith in their currency and flock to the safety of dollar holdings.

1-9-2015   Newshound Guru Adam Montana   The price of oil will have an effect on how high they can RV, but for them to try to wait for oil to go back up would be foolish...  I believe Iraq is smart enough to understand that concept... so their smart play would simply be if they were going to RV at $1 with $100 per barrel oil, then they simply RV at .50 with $50 per barrel oil.

1-9-2015   Newshound Guru sczin11  THEY ARE SUGGESTING, A COMMITTEE OF TOP LEVEL PERSONNEL, FROM COM AND HOUSE TOGETHER, TO MONITOR THE BUDGET THROUGHOUT THE YEAR, MAKE ADJUSTMENTS IF NECESSARY IN THE LINE ITEMS, AS THERE ARE SERIOUS FINANCIAL AND MILITARY ISSUES TO BE CONCERNED AND DEALT WITH...THEY ARE SAYING TO GIVE THIS SPECIAL COMMITTEE THE POWER TO MAKE CHANGES AS THEY SEE FIT, WITHOUT GOING THRU VOTING PROCESS.

1-9-2015   Newshound Guru Aggiedad77   ...lots of good to great news...continues to point to Iraq taking things to new planes and continuing to move forward in a manner that bespeaks a nation that has finally gotten their stuff together....but at the same time continue to mop up the room of any former riffraff that has been left over from the prior government...signs IMO...appear very strong. 1-8-2015   Intel Guru Delta    URGENT FROM IRAQIA TV:  "GOVERNMENT OF THE ECONOMIC COMMISSION HAS TAKEN MANY OF THE ECONOMIC AND FINANCIAL DECISIONS THAT WILL BOOST THE ECONOMY".   KEEP IN MIND THAT THE CBI GOV IS A MEMBER OF THIS COMMITTEE!  [ I would be so excited to read that you had heard on Iraqia TV that PM Abadi just announced Dr. S [Shabibi] has retaken governorship of the CBI.]   YOU WILL ...BUT IMO WE WILL SEE THE CHANGE BEFORE THAT.  DATE IS ALREADY SET!

1-8-2015   Newshound Guru Adam Montana     [do you think the low gas prices as of late would give speculation that Iraqi will RV soon [and] where will the trillions of dollars come from when a RV occurs...?]   The price of oil doesn't have anything to do with "if" or "when" they RV, but it could have an impact on the RV amount. We'll just have to wait and see what they do with that one. Regarding where the money comes from to cover the increased value, that's easy. ...they won't be handing out physical cash to cover your currency.  That's the beauty (and shame) of all fiat currencies like the Dinar or the USD. As long as the world will accept Iraq's promise to honor the value they state their currency is worth, that's all that matters. Iraq has vast amounts of liquid gold, their production keeps increasing, they continue to make positive progress with their government, etc etc... all that adds up to bolster their credit-worthiness.

1-8-2015   Intel Guru TerryK   THEY ARE HEADING IN THE RIGHT DIRECTION...EVEN THO OIL PRICES HAVE SLUMPED THEY HAVE A WAY OF COMPENSATING IT AND ARE WORKING TOWARDS THAT.  THE CALL I WAS JUST ON WITH A GLOBAL SECRITIES  [SECURITIES?] PERSON TOLD ME THIS IS OUR WEEK...LOOKING AT THIS WEEKEND.

1-8-2015   Newshound Guru Tlar   Recent articles from Saleh arguing the position of postponing the project until 2016 could arguably suggest he is trying to stop the project because it is  scheduled to launch soon.  While that's just speculation on my part I can't help but see bits of proof here and there that the project is ripe for implementing.  My concern is two fold.  One is Saleh and his desire to see the project postponed again.  The other is KEYWORDS and who does he really answer to.  The fact that Maliki asked him, "Maliki's appointee"  to protest Shabibi's aquital suggests that there might be a deeper relationship there between he and Maliki and that Maliki thinks he can still influence this outcome.   Time will tell whether this is a true concern...  So to me KEYWORDS is an unknown  as to where his loyalty truly is.  Is he part of the new Iraq or a wolf in sheeps clothing.

 1-8-2015   Intel Guru SteveI   Article Quote:  "Parliament did not complete the second reading of the Budget Law due to disputes over the financial deficiency,"   This does not at all surprise me.   This will never get done unless they do more voting and less discussing...  They can pass all the laws they want and make all of the monetary reforms they want, but unless their rate changes, it is all for nothing.

1-8-2015   Intel Guru WILDDUCK   [Do you have any thoughts on where we stand as far as the RV/GCR?]   RIGHT NOW QUIET IS A GOOD THING IMO. MEANS PEOPLE ARE WORKING. [IYO who is holding this ball? Is it Iraq, The IMF, the UST, The US Gov...? Who gets to push the button?]  NONE OF THE ABOVE AND NO HOLD UP IMO.

1-8-2015   Newshound Guru Millionday   TREASURY BONDS ON THE ISX AND READY TO GO -- REMEMBER THAT THE 11TH ISX OPENS BACK UP...GREAT NEWS.   INVESTORS WILL BE ABLE TO INVEST ON THE ISX IN IRAQ THROUGH THE PURCHASE OF BONDS THAT WILL MATURE WITH GAINS AS THEY GROW THEY HOPE.  [will they do that at the reality rate? or at the imposed rate?]  WE SHALL SEE -- I WOULD GUESS REALITY AND CALCULATED AS INTERNATIONAL COMPLIANCE BUT WE SHALL SEE IF THEY ARE READY TO GO.

1-8-2015   Intel Guru Frank26    URGENT FROM IRAQIA TV:  "FINANCIAL COMMITTEE OF THE PARLIAMENT:  WE HAVE TO ACTIVATE THE ECONOMIC REFORM AND PRIVATE SECTOR ASAP TO HELP THE INVESTMENT PART OF THE BUDGET."   Which will be activated by a Currency Rate Reform ...Surely not at 1166.

1-8-2015   Intel Guru Mnt Goat   The odds are the they will try to meet the Jan 11th date  since the finance committee and the CBI also desires to have the ISX  start international trading with the live links to the global money exchanges and do it on Jan 11th and they need the IQD rate to be live and a tradable rate. So when can we expect to see the RV? I am still in the notion of the window of opportunity between today Thursday 1/8 and Sunday 1/11 sometime. This is contingent upon getting the budget bill deficit cut done and getting parliament to vote on the final bill prior to or on Jan 11th.  [post 2 of 2]

1-8-2015   Intel Guru Mnt Goat   ...what truly happened in parliament  yesterday on Weds Jan 7th...The session of parliament  conducted the second reading and the budget bill was read. The fact is they were not impressed with the changes made by the GOI to shrink down the deficit and are thinking about shrinking it yet even more.  Yes –it is not "done" as I  said it may get kicked back to the GOI once again for more changes after the second reading...we should not have to wait much longer since their new target is Jan 11th...if we do not see the budget bill passed by a voting session by Monday morning then we can expect to wait until Jan 20th as our next target date.    [post 1 of 2....stay tuned]

1-8-2015   Newshound Guru Tlar   The CBI has stated through the years that they needed government  to insure a successful project.  They have that now and I think that is the game changer and that they are quickly trying to implement the project at this time.   I believe that they need a reality rate if they are to insure the progress they have made to this point.  That's why I think by the time the ISX goes live is the best window we have ever seen.  Its only a few days away now to know whether or not this comes to pass.  [post 2 of 2]

1-8-2015   Newshound Guru Tlar   I feel very strongly that the delete the zero program is on and that the study done in 2008 that suggested they could support the currency back then at $1.13 has since been modified based on the changes that the country has gone through.  If I remember correctly the oil production in 2008 was 1.5 ish mbpd and the CBI reserves were in the low 30 billionish.  So again we see both the production is up (closing in on 4 mbpd) and the CBI foreign cash reserves are way up (I would argue at over 100 billion even though they continue to espouse 70 billion = Gold, Cash and BIS)  We could assume that if they could support $1.13 in 2008 that that number could be much higher by now.  [post 1 of 2....stay tuned] [What do you feel "delete the zeros" means?  Vote in the poll above]

1-8-2015   Intel Guru Delta    URGENT FROM IRAQIA TV:  FINANCIAL COMMITTEE OF THE PARLIAMENT:  WE HAVE TO ACTIVATE THE ECONOMIC REFORM AND PRIVATE SECTOR ASAP TO HELP THE INVESTMENT PART OF THE BUDGET.

1-8-2015   Newshound Guru sczin11  CONFLICTING REPORTS, BUT CONSENSUS IS BUDGET WAS READ, MAY OR MAY NOT BEEN COMPLETED, BUT THEY WILL MEET AGAIN TOMORROW [THURSDAY], AND ITS ON AGENDA FOR READING , AND THEY HAVE STATED SATURDAY IS NEXT MEETING, AND MULTIPLE CONFIRMATIONS THEY WILL DEAL WITH BUDGET AT EVERY SESSION TILL APPROVED.

1-8-2015   Newshound Guru Adam Montana   [...do you see a true end in sight for this adventure?]   It's been a long time since I felt comfortable using the word "soon", but yes - I think this is coming to an end SOON.

1-8-2015   Newshound Guru Millionday     [did they pass the budget or did they put it off til Thursday?]  Quote:  "Published by all of Iraq [where] the parliamentary finance committee report on the federal budget for fiscal 2015, which was read today in the parliament session."  ACCORDING TO THIS IT WAS READ AND PUBLISHED SO NOW THE VOTE OR THE VOTE HAPPENED -- WE WILL KNOW TOMORROW [THURSDAY]  OR A DAY OR SO.  [was it published in the Gazette?]  IT DOES NOT SAY THE GAZETTE -- I WOULD SAY ITS COMPLETION WAS PRINTED AND IS DONE TO BE VOTED AND PRINTED IN GAZETTE.   [...if they finish the 2nd reading tomorrow, don't they still need a 3rd reading? And is there a mandatory 4 day wait between the two?]  THEY HAVE CHANGED THE RULES SOME TO EXPEDITE THE BUDGET SO WE SHALL SEE IF THEY WAIT THE FOUR DAYS THEY STATED THEY WOULD READ THE SECOND TIME AND VOTE IN ONE DAY SO WE SHALL SEE.  TODAY WAS SECOND READING. 1-7-2015   Newshound Guru Kaperoni   it looks like the market rate slide father out today..from 1217 to 1222.  Not good for IMF compliance.

1-7-2015   Intel/Newshound Guru Backdoc   WITH KUWAITS’ INTERTWINED WEALTH FROM IRAQ AND ITS 200 MILES OF OIL, GAS, AND GOLD ENRICHED LAND, KUWAIT SHOULD ALSO EVENTUALLY REVALUE AT A HIGHER LEVEL!   REMEMBER THOSE CONTRACTS IRAQ HOLDS TO SUPPORT ITS CURRENCY? RIGHT, WELL THEY ALSO SUPPORT KUWAITS’ CURRENCY TOO!!  SO HERE’S MY HOPE BASED ON SOUND RATIONALE.  I THINK NOT ONLY KUWAIT GOES MUCH HIGHER BUT SO DOES IRAQ WHEN IT RV’S!  WE SHOULD SEE A SOLID RE-INSTATEMENT FIRST THEN AN RV MUCH HIGHER THAN MOST FOLKS THINK!!

1-7-2015   Intel Guru DC   [via Adept1]   We believe the amnesty has been squared away.  We did get confirmation that after the third revision and a minor update on Monday, they did finish it up and everyone is on board with that. They also used that time to work on timelines.   ...they finished the second reading of the budget and that has been broadcast on Iraqi television...   They are getting everyone geared up, with finance ministers and CBI saying “go, go, go!”  Those notifications have gone out from the CBI to PM Abadi, IMF and BIS. They are saying they are free and clear to do this when they want to...  they’re making a valiant attempt to get this done.  We hope this is finally it!

1-7-2015   Newshound Guru Aggiedad77  "Agenda of the meeting (2) Thursday (8) in January 2015"   Agenda...for the "Parliamentary Hearing" tomorrow January 8...the 2015 budget is fourth up on the list.   "Fourth: the continuation of the second reading and discussion of the draft general budget of the Federal Act of 2015 ( the Finance Committee )." Session begins at: eleven in the morning.

1-7-2015   Intel Guru TNT Tony  [via Adept1]  We are still here where we shouldn’t be, but we have good news. Everything is really good.  There is definitely a schedule, but I don’t know if they will meet it. There is a new timeframe...We got the information that at least 30 countries have agreed to that timeline. The second reading of the budget has been approved and they are broadcasting on their television HOW that will be implemented.  We are waiting for two things – either  third reading and implementation, or simply a vote and it will be implemented. The banks there and here are geared up...   They got the date and time they think it will be implemented, and also a “no later than” date/time.   It is scheduled for this week and I do hope it happens!

1-7-2015   Newshound Guru Adam Montana   Things just keep getting better! The budget was read today, as planned. It's possible to have a decision as soon as tomorrow, but there is no official vote scheduled that I know of... either way, when Iraq meets deadline after deadline  after deadline after a decade of postponements and delays, you know it's time to put on a smile! We already know that we have an HCA, and they are already talking about
making that an HCL. Again, moving quickly and making solid progress.

1-7-2015   Newshound Guru sczin11   BREAKING NEWS...Zaidi: Parliament will resume the second reading of the draft budget on Thursday.  THEY WILL GET IT DONE, ON THEIR SCHEDULE, UNFORTUNATELY NOT OURS.  REMEMBER THE 11TH IS ISX RE-OPENING... RV CAN HAPPEN ANYTIME...CBI IS AUTONOMOUS... BUDGET NEEDS RV, IMHO... NOT THE OTHER WAY AROUND.

1-7-2015   Intel/Newshound Guru Poppy3  ...THEY WHERE ORDERED TO ARRIVE 2 HOURS EARLY TODAY TO READ THE BUDGET THE SECOND TIME THEN WHEN THEY COME BACK AT NOON THEY ARE SUPPOSED TO VOTE.  TIME WILL TELL BUT THAT WAS THEIR SUGGESTED SCHEDULE BY JABORI. THE NEWS THIS MORNING USUALLY WE WOULD NOT HEAR TILL EARLY AFTERNOON SO IF THEY VOTE WE SHOULD HEAR FOR FACT AROUND 6PM.  LETS JUST PRAY THEY GET ALL COMPLETED DURING THE DAY AND IF LAWS AND BUDGET ARE ALL COMPLETED THEN THE RATE SHOULD SHOW IN DAYS BEFORE THE END OF JAN. STAY STRONG AND KEEP SMILING THE END IS NEAR. 

1-7-2015   Intel Guru Mnt Goat   ...even if the vote happens in parliament today and it passes there will still be no RV in Iraq and it is to be held up a bit longer. From my sources in Iraq they are telling me that there are some issues in Anbar that need to get resolved. The USA is still holding very strong on getting this done now ...They are telling me this will not be resolved until Jan 20th . So this is our new target date for the any real possibility for an RV...they are already telling us it will not happen any sooner. Erbil is all but done and was supposed to be implemented when the new budget of 2015 is implemented. Artcle 140 too the same.  Amnesty law is also adjusted.  Probably our best window for an RV will be sometime after Jan 20th date.

1-7-2015   Newshound Guru sczin11  Article Quote:  "The House of Representatives listened to the reports of the Finance Committees, economy and investment on the 2015 budget year, then the Council began to proceed with the second reading of the budget bill."  JUST OFF THE PRESS...House of Representatives begins the second reading of the draft budget law.

1-7-2015   Newshound Guru Millionday   WE KNOW THAT THE PRIVATE BANKS HAVE BEEN ENSURED TO BE INTERNATIONALLY COMPLIANT AND THIS IS GREAT NEWS.   NOTE -- THE ISX IS TO RELAUNCH ON THE 11TH.   [So the international banks will be dealing with dinar only?]   THE REGULATIONS IN THE COUNTRY STATE THAT THE DINAR IS THE NATIONAL CURRENCY SO THEY WILL NEED TO EXCHANGE TO USE IT.   [So you still believe that the iqd must be a convertible currency when ISX goes live to the world?]  WHEN THE DINAR GOES INTERNATIONAL TO THE GLOBE IT WILL HAVE TO HAVE A FAIR TRADE RATE -- REALITY RATE.   I CANT TELL YOU WHAT THEY SAY THAT RATE IS BUT YES IT WILL BE A RATE FOR INTERNATIONAL TRADE. 1-6-2015   Newshound Guru sczin11    ISIS IS A NON FACTOR AT THIS TIME...THEY WILL BE GONE SOON ENOUGH, THERE IS PLENTY OF MILITARY SUPPORT TO PROTECT THE IRAQI INTERESTS DURING THIS TIMEFRAME, JMHO...TURKEY, KUWAIT, QATAR, IRAN, AND...SAUDIA ARABIA... THE ABOVE COUNTRIES ARE RACING IN A HURRY, NOT ONLY SIGNING AGREEMENTS AND 100'S OF MOUS IN LAST 2 WEEKS, BUT OPENING EMBASSIES AND CONSULATES ALL OVER IRAQ, EVEN OUTSIDE GREEN ZONE...MANY EXISTING BLDNGS BEING RENOVATED AND REBUILT.

1-6-2015   Intel/Newshound Guru Poppy3  TOMORROW IS A SRONG [STRONG?] BUSINESS DAY IN IRAQ. THEY HAVE BEEN ORDERED TO ARRIVE EARLY FOR A MEETING TO READ THE BUDGET AGAIN AND JUST AFTER NOON EXPECT THEM TO VOTE .   I DON'T REALLY EXPECT THE NEW RATE BUT DO EXPECT US TO ALL HAVE A BETTER PERSPECTIVE OF THE TIMING IT WILL SHOW.   I HAVE STATED AND STILL BELIEVE THE RATE CAN SHOW ANYTIME DAILY. I EXPECT TO BE SURPRISED VERY SOON WITHOUT WARNING.  WHEN WE LEAST EXPECT IT. STAND BY AND BE OF GREAT CHEER THE END IS NEAR.  [do they have to wait 4 days vote?]  NO THEY EVEN SAID YESTERDAY THEY PLAN TO VOTE TOMORROW.

12-6-2015  Newshound Breitling  ISIS…Is it costing the value of the dinar?  Big NO.  The dinar is not at it’s market rate.  They have too much notes out there.  The currency never was at it’s market rate.  The dinar is not at it’s real market value.  Why would Iraq print so many notes?  To build the country cheap…the process is 3 phases… 1.  infrastructure on the cheap (this is how we got in the dinar here) Phase 2.  Form middle class—purchasing power.  Phase 3.  Elite economic power.  We are at the mercy of the CBI…but they continue to say they are going to increase the value.

1-6-2015   Newshound Guru Kaperoni   "Agenda of the meeting (1) Wednesday (7) in January 2015"    Looks to me they will read the report from the Finance Committee on the budget but will not read the budget for a second time tomorrow.

1-6-2015   Intel/Newshound Guru Backdoc   ...THE BUDGET WOULD BE IMPACTED IN A POSITIVE WAY WITH A RE-INSTATEMENT!  THIS IS ONLY MY OPINION!  I BELIEVE A RATE LESS THAN 3 DOES DAMAGE TO THE NOTE COUNT THEREFORE A RATE OVER THREE IS WHAT I BELIEVE WE WILL SEE FOR A RE-INSTATEMENT!  MY THOUGHTS ARE PURELY BASED ON THE NOTE COUNT AND THE FACT THAT PREVIOUS BUDGETS WERE BASED ON DOLLARS!   ...1.16 WHICH IS ANOTHER POSSIBILITY BUT I DOUBT THAT WOULD HELP THEIR BUDGET PROBLEMS AND NOT BE A SIGNIFICANT REASON TO GIVE UP THEIR DOLLARS!

1-6-2015   Newshound Guru sczin11    [do you think Shabibi has a part in the end game?]    IT IS PROB THE MOST IMP [IMPORTANT] THING I AM WAITING ON, THE FORMAL ANNOUNCEMENT THE DR. SINAN AL SHABIBI, IS BACK AT THE HELM OF THE CBI.   R. SHABIBI WROTE THE PLAN FOR MONETARY REFORM, AFTER THE INVASION...DR. SHABIBI WAS SET TO EXECUTE THE PLAN...UNTIL MALIKI SAID OTHERWISE... DR. SHABIBI HAS CONSULTED FOR IRAQ WITH THE IMF...DR. SHABIBI HAS THE KNOWLEDGE OF ECONOMICS, MATH, AND BANKING...DR. SHABIBI FOLLOWS RULES AND TRANSPARENCY...DR. N SHABIBI DOESNT GIVE IN TO CORRUPTION...DR. SHABIBI DESERVES THE HONOR, OF RAISING THE VALUE OF THE IRAQI DINAR...TO ITS REALITY RATE.

1-6-2015   Newshound Guru Chattels  Today is Army Day in Iraq, an annual Holiday at the CBI.  Market Rate(s) were posted for the past two auction at 2,017.

1-6-2015   Intel/Newshound Guru Poppy3    I ...AM EXCITED ABOUT TOMORROW AND PRAYING ALL GOES GREAT IN TOMORROWS MEETINGS IN IRAQ. I HOPE THEY ALL...CONTINUE THE MOVING FORWARD. 

1-6-2015   Intel Guru TNT Tony   Breaking: Iraq's Central Bank announces plans to implement dinar revaluation by end of January 2015.

1-6-2015   Newshound Guru Chattels  Qrticle quotes:  "...on Tuesday, that the parliament session tomorrow will be devoted to discuss the report of the Finance Committee on the general budget of the second reading of the law with the law..."noting that" after completion of the discussion of the report will be read law a second reading. " Ihsanoglu said he "will adjourn the meeting after that to several days, because the law requires to four days between reading and vote. " i have said on several prior occasions that a second reading and vote would not be accomplished on the same day there is a four day waiting period after the second reading...so, the earliest that a vote could be scheduled after a second reading tomorrow is Sunday, January 11, 2015.

1-6-2015   Newshound Guru sczin11   Article quote:  "Announced the decision of the House of Representatives Niazi Ihsanoglu, on Tuesday, that the Council will read the report of the Finance Committee of the budget bill in the Wednesday session, and that the Finance Committee and chairman of the parliament are working on completing the budget and not to bring it back to the government."  VERRRRY INTERESTING WORDING. TO ME, THIS SAYS THEY WANT TO READ IT TOMORROW, AND BE READY TO VOTE! NO NEED TO SEND IT BACK FOR REVISIONS...

1-6-2015   Intel/Newshound Guru tman23  ZEBARI WHO IS THE FINANCE MINISTER AND A KURD IS WARNING THE KURDS NOT TO SELL OIL OUTSIDE FEDERAL CONTROL...THIS SAYS IN 20 WORDS AND LESS THAT THE KURDS ARE GETTING ANXIOUS AND TIRED OF SUFFERING DUE TO THE GOI ...IN OTHER WORDS PRESSURE IS ON!  IMO...Be it the Good, the Bad, or the Ugly...We will know the fate of this speculation for certain January 21st...call the 21st the back wall if you will.

1-6-2015   Intel Guru DC   [via Adept1]    [Christine LaGarde has said twice that there is no such thing as a GCR…]   They say that in public, but behind the scenes it is different.  They have “a long overdue currency alignment to justify BRIC alignment to the modern environment.” That is a GCR.  [As far as the currency brokers, how soon will the brokers know when this pops?]   It will take less than two minutes.  Their sites will go down, they will change the rates, and their sites will come back up.

1-6-2015   Newshound Guru Millionday   [...where do I need to look for to know the RV has happen and go to the bank?]  CBI AND THE FOREX MARKET AND BANKS... [The official CBI rate is listed in the Dinar Guru Resource bar on the left of this page]

1-6-2015   Intel Guru TNT Tony  [via Adept1]   On Iraqi television right now, they say the budget is being revealed this month...They have already said that once the budget is implemented, the economic reform will follow immediately – this month.  We did get a time frame from Iraq, and they didn’t say it to their people so I don’t think we should give it out either.   ...the rates went live in the UK, and it was $3.89 (US).  We know people scheduled to exchange today.  They are anticipating that this is going through.  I’m looking for it from Tuesday on.
1-5-2015   Newshound Guru sczin11  Article:  "Zebari announce the allocation of funds from the budget in 2015 for the implementation of Article 140"  HUGE BREAKING NEWS...ARTICLE 140 WILL BE FUNDED IN THE BUDGET.   [ I read that article about the budget and art 140, very good news. Does that mean we could see the RV with art 140 done?]  THAT IS ONE OF THE THINGS NEEDED.

1-5-2015   Intel Guru DC  [via Adept1]   Everything was ramped up and ready to go, then they had minor budgetary issues and some other issues with the amnesty laws that didn’t appeal to the US...we believe that the amnesty questions have been solved or close to it.  Why is this important? A ton of money will be flowing to Iraq, and we need to make sure it doesn’t end up in corrupt hands.  It was also a delay tactic by a few people, used to justify these few changes.  Now everyone is back on board, getting things ready.  In the USA, the banks were told on Friday to ramp up for possibly Tuesday...   People like to debate if it’s an RI or an RV.  According to Shabibi, a reinstatement restores the dinar to its former level, which would be $3.22 plus inflation.  They can then have an RV later...

1-5-2015   Newshound Guru Millionday   Article quote:  "Parliamentary Finance Committee announced that it will be completed today to discuss the federal budget for next year as a prelude to read within the parliament in session on Wednesday."   WE DID SEE A REPORT THAT THEY PLAN TO READ AND VOTE IN THE SAME DAY...WHICH IS SCHEDULED WED...   [Does this also have to be posted in the Gazette to be official? Any idea on a timeline if it does?]   IT WILL BE PRINTED RIGHT AWAY AND HAS BEEN PRINTED IN THE PARLIAMENT SITE AS WELL...

1-5-2015   Intel Guru TerryK   RI RV IS KNOCKING AT OUR DOOR.  [Do you think we will get the RI first? Will that be at the $3.00+ rate? If so, then when do you think it will go up to a good rate like $6 to $8?]  THIS IS HOW IT WAS PUT TO ME BY MY UST/IMF CONTACTS WHICH THEY BOTH AGREED...WE MOST LIKELY WILL SEE THE RI WHICH WILL MEET WITH THE KUWAIT AGREEMENTS NOT TO EXCEED .50 BELOW OR ABOVE THE KUWAIT CURRENCY, THIS IS IN CHAPTER 7 AGREEMENT...AFTER 48-72 HOURS THEY ARE OR MY [MAY?] RV THE CURRENCY BASED ON NEW VALUE.   AFTER THAT YOU MAY SEE THE FLOAT NOT TO EXCEED 2%.  WHAT IM HEARING IS 3.56...THEN 8.16 WITH A MANAGED FLOAT.

1-5-2015   Intel Guru Delta    ESX Website Update!!!  ERBIL STOCK EXCHANGE NEW LOOK!!!  THEY ARE WAITING FOR THE RATE LIKE ISX.

1-5-2015   Intel/Newshound Guru Poppy3  I AM EXPECTING RATE ANYTIME BETWEEN NOW AND THE 20TH ACCORDING TO THEIR DATES... [FROM] STATEMENTS THEY HAVE MADE AND THAT IS AWESOME IF THEY KEEP MOVING LIKE THEY HAVE OVER THE LAST 2 MONTHS.

1-5-2015   Intel Guru Mnt Goat   Also on Sunday 1/4 news from the finance committee was reported that the GOI has approved the second payment of  $1,300,000,000,000 dinars to the Kurdistan region as part of the oil revenue sharing for late December and the month of January. It confirms that the 2015 budget is all but a done deal. It proves that HCL is a done deal. They agreed not send any money the Kurds without this 2015 budget being opened if they gear the payment off the budget figures and its payment schedule. In other words a confirmation to us who are following this saga that it is about to end.   I see an excellent window of opportunity opening up from Thurs 1/8– Sunday 1/11 for an RV.   Probably out best window yet.   [post 2 of 2]

1-5-2015   Intel Guru Mnt Goat   ...we all should know that the first reading of the 2015 budget was completed on Dec 25th and at this time it was announced that the second reading and voting would take place on Jan 7th.   Iraq said yesterday (Sunday 1/4)  they are still on target to hold this session of parliament for tomorrow, on Jan 7th .  The plan is still to conduct the second reading and vote during this same session. They are also still saying they plan to fully implement the budget at this time as it will be posted in the gazette. The budget will be retroactive to Jan 1st when it does come out.  [post 1 of 2....stay tuned]

1-5-2015   Newshound Guru sczin11  Article:  "Al-Bayati: the Saudis decided to open their embassy outside the Green Zone in Baghdad"    HISTORY IN THE MAKING... SAUDIA ARABIA, AFTER A QUARTER OF A CENTURY ABSENT, NOT ONLY IS OPENING THEIR EMBASSY IN IRAQ, THEY ARE SO EXCITED, AND NOT CONCERNED ABOUT "STABILITY", THEY ARE OPENING...OUTSIDE OF THE GREEN ZONE!!

1-5-2015   Intel Guru TerryK    SOURCE...IS TELLING ME HE IS HEARING RUMBLES THAT WE MAY SEE SOMETHING HAPPEN TONIGHT WITH REGARDS TO A RI.

1-5-2015   Intel/Newshound Guru Poppy3   HERE IS THE LATEST I HEARD TODAY AS A RUMOR BUT HAVE TWO OTHER PEEPS TRYING TO VERIFY. CALL ACTUALLY LAST NIGHT SAID VN [VIETNAM] MINISTER OF FINANCE TOLD BANKERS THEY WHERE PLANNING TO HAVE A RATE CHANGE SOONER THAN EXPECTED 6 MONTHS AGO...BEFORE 6 MONTHS AGO HE SAID 14 TO 18 MONTHS.  I SHOULD HAVE DIRECT INFORMATION OF CONFIRMATION FROM INTERNATIONAL BUYERS TOMORROW SOMETIME SO AS OF RIGHT NOW IT IS JUST RUMOR.  ...I AM EXCITED. THE DONG WOULD JUST SWEETEN THE PIE AND I HAD WRITTEN IT OFF FOR AT LEAST 18 MONTHS NOW THE POSSIBILITIES OF SOONER IS GREAT.

1-5-2015   Newshound/Intel Guru BGG   Some very interesting findings by Enorrste [reference Enorrste's post 1-4-2015]...according to him the 90 day rule doesn't apply to Iraq... which is what I was implying would probably happen...If I understand this correctly (and I think I do...) they are neither a "fixed" or "floating" regime... I have referred to it as a "managed regime" - as it has been since 2003...it would appear once they make the initial jump they can make additional changes every 90 days and still be in IMF compliance...which I can easily see happening.

1-5-2015   Newshound Guru sczin11  I AM ASSUMING THE CBI ELECTRONIC TECHNOLOGY CONTINUES TO WORK, WHEN THE BANK SEEMINGLY IS CLOSED...SO WE WATCH THE UPDATES, AND HOPE TO SEE THE CHANGES WE ARE ALL EXPECTING...EVEN WHILE THE CBI IS CLOSED... THERE WAS A REPORT, ALTHOUGH SEEMS TO HAVE BEEN DELETED FROM THE SOURCE, THAT STATED CBI WOULD BE CLOSED FOR EXTENDED PERIOD OF TIME...VERY SIMILAR TO AFTER HOURS TRADING HERE ON THE STOCK EXCHANGES... THE BANK CURRENCY PAIRINGS, UPDATES 24/7...SO IT APPEARS.

1-5-2015   Newshound Guru wmawhite  I continue to believe that any budget Parliament may vote on is worthless...useless unless the CBI FIRST changes the status of the IQD.  If the budget...FIRST...needs the CBI to make a move...then IMO a logical date would be prior to the Parliament approving the budget, JMO, anytime prior to them showing the budget.

1-5-2014   Intel/Newshound Guru Poppy3  no such thing as gcr [Global Currency Reset] never has been and that was direct from CHRISTINE LAGUARDE'S OWN MOUTH...twice she said that. 

1-5-2015   Newshound/Intel Guru BGG   There is NO CREDIBLE DIRECT info that points to a long wait...in fact, quite the opposite.  I talked to one of the best contacts anyone here can imagine in their wildest dream... and that's not what he said - FACT.  in fact, the word he used was "immediate". 1-4-2015   Newshound Guru Enorrste    I truly believe we are very close now to our objective, the beginning of the float.  I would be greatly surprised if it did not start in the first quarter of this year, and am hopeful that it will begin after the passing of the necessary laws, which could occur this month.

1-4-2015   Intel/Newshound Guru Poppy3   [Poppy did you find that darn RV for us yet?]  i am very satisfied we will find it this month sometime with the isx, budget, esx, laws, tarriffs all being Implemented according to their own words by at least the 20th so i am very relaxed.   [do you think it might come in low?]  COMING IN LOW WOULD NOT HELP THEIR CASH FLOW SITUATION NOR WILL IT ENTICE ANYONE TO INVEST OR OPEN BUSINESSES THERE. RATE WILL BE VERY GOOD. I SUSPECT THE LOWEST OVER A DOLLAR BUT I PERSONALLY EXPECT $3.00 PLUS RANGE .   DR SHABIBI STATED MORE THAN ONCE THAT IRAQ DINAR WILL BE THE HIGHEST VALUED CURRENCY IN THE MIDDLE EAST.  KUWAIT IS AT $3.58 LAST TIME I CHECKED... 

1-4-2015   Intel Guru TerryK   ALOT OF NEWS OUT THERE, ALOT OF RUMORS AND NO RV IN HAND HOWEVER WITH THAT SAID, I'M HEARING THAT THE BUDGET WAS UNDER REVIEW TODAY AND ON SLATE FOR TOMORROW.

1-4-2014   Newshound Guru Enorrste   Now, the one thing that is not obvious here, is that the IMF specifically refers to the rule applying to a country whose currency is NOT FLOATING.   Therefore, the 60 days rule has nothing to do with limitations on Iraq, since they are in compliance and have been for over 3 years with their OFFICIAL RATE.  ...the article...refers to "step adjustments."  This would occur when a country changed its OFFICIAL RATE incrementally due to various forces.  Iraq has not had to do this.  So, the 90 day rule applies for leaving Article XIV to VIII, but it refers to the spread between the OFFICIAL RATE and the STREET RATE, while the 6 month rule deals ONLY with changes in the OFFICIAL RATE.  [post 2 of 2]

1-4-2014   Newshound Guru Enorrste   Article:  "Why is IMF Article VIII so important and what are the obligations"   It is true that Iraq is under Article XIV and that its current exchange rate regime is known as a "Stabilized Arrangement."  This means that they are NOT in a "Fixed Rate Regime" and they are not in a "Floating Regime."  Therefore, the rule stated in this article refers only to a situation in which a country is in a "Stabilized Arrangement."  This means that Iraq's OFFICIAL RATE must remain within 2% for a period of 6 months under that arrangement.   Notice that I did not refer to the STREET RATE at all.  The rules above apply ONLY to countries who have a "Stabilized Arrangement" that might vary in terms of its OFFICIAL RATE.  In the case of Iraq, the OFFICIAL RATE has remained stable for over 3 years!  It is in compliance, therefore, with the rules of a "Stabilized Arrangement" already, according to the IMF.  [post 1 of 2....stay tuned]

1-4-2015   Newshound Guru Millionday    [...if taxes and tariffs are to be imposed, then values have to be given to said product, and a value of currency must be present.]  YES I AGREE...THEY HAVE TO MATCH WHAT THE PRICE IS FOR THE PRODUCT... INTERNATIONAL TRADE HAS A RULE -- CALCULATION OF VALUE --- A REALITY PRICE AS WE KNOW...HOW WOULD IRAQ GO OUT WITH THE RATE AS IT IS?   IT WOULD BE A DISASTER IN MY MIND.  [post 2 of 2]

1-4-2015   Newshound Guru Millionday    ...IRAQ`S CONSTITUTION GUARANTEES A MARKET ECONOMY FOR ITS CITIZENS.  [A market economy with a real rate?]   A MARKET ECONOMY IS SUPPLY AND DEMAND -- SO THE DINAR IS A PRODUCT AS WITH ALL COUNTRIES -- THEY NEED A FAIR CALCULATED RATE THEY ARE GOING TO USE THAT IS FAIR TRADE AND ALSO REPRESENTS THEIR REALITY VALUE OF THE DINAR TO TRADE INTERNATIONALLY RECOGNIZED --- WHATEVER THIS MAY BE IT HAS TO BE FAIR ACCORDING TO GLOBAL ECONOMICS.  [post 1 of 2....stay tuned]

1-4-2015   Intel/Newshound Guru Poppy3  ...THE CLOSER WE GET TO PAYDIRT THE MORE CONFLICTING AND MISLEADING NEWS WE WILL HEAR. REMAIN STRONG IN FAITH THE END IS VERY NEAR. ALL SOURCES ARE STILL IN AGREEMENT AND MANY STATEMENTS BEING MADE ARE BY PEOPLE WITH ABSOLUTELY ZERO TO DO WITH THE DECISIONS ON THE RATE.

1-4-2015   Newshound Guru sczin11  FOLKS, I TRULY DO NOT KNOW WHEN WE WILL SEE THE ...RAISING OF THE VALUE OF THE IRAQI DINAR...BUT, IF ANYONE WANTS YOU TO BELIEVE IT IS DELAYED, OR NOT HAPPENING NOW, BECAUSE OF INSTABILITY, ISIS, DAASH, AL QUAIDA, MALIKI, OR ANYTHING ELSE, IMHO, THEY ARE WRONG...I THINK SAUDIA ARABIA AND TURKEY WOULD HOLD OFF ANY PROACTIVE MOVEMENTS TO REGAIN BILATERAL RELATIONS WITH IRAQ, IF THEY WERE CONCERNED.

1-4-2015   Intel Guru Frank26   IMO, He [Shabibi]  will pick up where he left off...The completion of his countries currency reform. He lifted the physical 000's now we seek him to do it from The Exchange Rate...So we can exchange ours 000's that the CBI WANTS BACK!!!
Read more: http://www.dinarguru.com/#ixzz3OcSlb1Og

1-3-2015   Newshound Guru Kaperoni   Clearly, Shabibi was wanting to do what he needed to do to evolve monetary policy...even though so much remained to be done to support it including may laws stalled in parliament, etc.  After several days of additional review of materials, I do not believe the original plan was a LOP, but it was surely different than the new plan...which is a more gradual rise or float over several years.   The issuance of the replacement notes is a sure indication they plan to have 3 zero notes in circulation for a while.   The IMF apparently does not allow floating under the current arrangement. The way it looks they will have to get in compliance first and exit to Article VIII and then float.  [post 2 of 2]

1-3-2015   Newshound Guru Kaperoni   Looking back at the CBI currency auctions, Shabibi held the dinar within compliance...11 months from Jan 2011 to end of Nov 2011 (he stated he was going to go ahead in June 2011 before being asked to stop "the first time" from Maliki).  In March 2012 he came out and said he was going to go forward at the end of the year/early 2013 and his project could not wait..(and some 12 trillion dinar was removed over a 3 -4 month period through the auctions) again he was in compliance from August 2012-Oct 2012 which was the time Maliki stepped in and issued a warrant for him.  [post 1 of 2....stay tuned]

1-3-2015   Newshound Guru Chattels     [are you thinking we may be close?]  UNLIKELY, I HAVE THOUGHT FOR SOME MONTHS NOW THAT I CANNOT FATHOM HOW A COUNTRY CAN BE STABLE, ECONOMICALLY OR POLITICALLY, WHEN AT LEAST 1/3 OF IT'S COUNTRYSIDE IS OCCUPIED BY A HOSTILE FORCE BUT POSSIBLE I SUPPOSE.  I STILL HOPE, BUT THERE ARE FRANKLY MANY REASONS FOR OUR EVENT NOT TO OCCUR FOR SOME TIME AS YET...BUT IT IS THE BEGINNING OF A NEW YEAR AND THERE ARE THINGS HAPPENING I THINK THAT ARE NOT TRANSPARENT, SO...WE HOPE, BUT DO NOT EXPECT ANYTHING.

1-3-2014   Intel Guru DC   GOOD PROGRESS ON AMNESTY LAWS YESTERDAY AND TODAY [FRIDAY], WE ARE WAITING TO SEE IF IT IS ENOUGH FOR THE U.S. AND IMF, IF IT IS THEN GAMES ON, IF NOT THEN IRAQ WANTS TO SOLVE THE ISSUE, SO SUNDAY NIGHT IF IRAQ GETS ITS WAY OR TUESDAY ON IF U.S. SAYS GO FISH AGAIN. RV NEXT WEEK IS REALLY POSSIBLE, I HOPE WE GET IT DONE.

1-3-2015   Intel/Newshound Guru Backdoc   WITH THE OIL LAW NOW IN PLAY AS OF 1/1/15, THERE IS A NEED TO DISPERSE FUNDS BEFORE LONG!! WHY?  1. CONTRACTS MUST BE HONORED!  2. WE ALSO WILL NEED TO SEE THEM MAKE PAYMENTS ON BOND INTEREST!  3. AND NOW WE SEE THEY WILL NEED TO MAKE PAYMENTS TO THE IMF FOR LOANS!  BE ASSURED ALL OF THESE THREE HAVE TIME LINES! IMO.

1-3-2015   Intel Guru Jester   THINGS LOOKING GOOD FOR AROUND THE 15TH UNLESS WHAT I AM HEARING GETS MOVED OFF AGAIN...BUT I HAVE NOT GOT THAT WORD YET SO LETS KEEP OUR FINGERS CROSSED AND HOPE FOR THE BEST.

1-3-2015   Newshound Guru Millionday   [...an article...stated what looks to be HCL completed and shared with the world?]  THE HCL IS DONE...THAT WAS ABOUT ITS ACTIVATION.   [so they will activate it the 7th?]    THEY ARE MEETING WITH THE HOPES TO.  [There seems to be a lot happening on the 7th of this month, CBI payment system, Parliament budget, etc. ISX original go live date.]  LOTS HAVE THE 7TH BEHIND IT... I CANT WAIT FOR THE 7TH TO SEE WHAT GOES ON.  WE HAD A REPORT THAT STATED THAT ALL THE READING AND VOTING WILL BE ON THE SAME DAY FOR THE BUDGET.  THIS REPORT SAYS THE 7TH AGAIN.  10 YEARS + WHATS A FEW DAYS TO SEE WHAT HAPPENS IN THIS BUDGET.

1-3-2015   Intel Guru TerryK   ONE OF MY SOURCES SAY THERE IS NO WAY THIS WOULD GO PAST THE 15TH OF THIS MONTH BUT THINGS ARE LOOKING GREAT FOR THE 5TH AS WELL.

1-3-2015   Newshound Guru OOTW   We have so much to be thankful for; Agreement with the Kurdistan region, Abadi will soon be seeing that many, if not all of the ministries have new director's seated at each/respective helms, preparations for private sector reform; there's really too much positive, forward movement to list.  I think we're in a good place - I agree with the thoughts of many that the GOI is doing all they can to try to address what's been needed to help Iraq , and quick like. This, IMHO, truly is the first time we've been in a very good place (since the new GOI was seated).

1-3-2015   Intel/Newshound Guru tman23  The news on ISX news release was on their site for 1 day..We copied and pasted the whole news release...then the ISX changed the wording 8 hours later...then the the article seemed to disappear...  [doesn't that show they are wanting this to be as invisible as possible to the world...that is dang exciting in itself!]  It's been a cat and mouse game...Articles that are filled with contradiction of the previous and a very unclear monetary reform path being laid out for the citizens.  Iraq seeks foreign investment and a market economy with international trade.  These are educated economist in the CBI...uncertainty does not enhance visibility for investment.  This cannot be a nuetral currency event, I am convinced!   [post 2 of 2]

1-3-2015   Intel/Newshound Guru tman23  The CBI is basically shut down for 10 days...There was a news release on the ISX website that said "renovation of payment system" on the 7th and 8th and the ISX would delay opening on the 7th to the 11th...and it mentioned the CBI and the Board of Directors who ORDERED the delay...THAT IS BIG NEWS because the status quo of the payment system is changing...The Kurds have their ESX waiting to OPEN SINCE SEPTEMBER...Barzani said the Kurds would not open the ESX operating under the 3 zeros.  So forget the HCL...Forget the Budget...It is the 11th of January when the market opens that the answers will be known...Will there be zeros or not?   [post 1 of 2....stay tuned]

1-3-2015   Newshound Guru Millionday    "the central bank alone can not implement this project but need to unite all the banks."  He economist Jamil Antoine said earlier that the deletion of zeros from the currency is a currency revaluation structure..."    ...CBI HAS UNITED ALL BANKS LAST WEEK AND ALSO -- I LOVE SEEING THEM SAY IT IS GOING TO REVALUE -- WHOOPOW.   DO NOT BELIEVE A PLAN OF THIS SIZE IS NOT ALL PLANNED OUT ALREADY -- THE BANKS HAVE BEEN TOLD AND REPORTED TO COMPLY INTERNATIONALLY...

1-3-2015   Intel/Newshound Guru Poppy3    ...DR SHABIBI STATED MORE THAN ONCE THAT IRAQ DINAR WILL BE THE HIGHEST VALUED CURRENCY IN THE MIDDLE EAST.   I READ EVERYTHING THAT MAN SAID WHILE IN OFFICE AND EVEN BEFORE AND NEVER CAUGHT ONE DISCREPANCY. 

1-3-2015   Intel Guru TNT Tony   Right now NCL [HCL?] and the budget have both been done. The Amnesty Law has nothing to do with the RV, but ...The US is saying they want...the amnesty law.  Iraq is putting on the pressure right now.  They have gone through Christmas and the New Year, they are losing credibility...  Iraq is saying they will get this done by Sunday, and the US is saying that it might get done by the next week.  [How and who can make this happen?]  The rate change itself is written into the budget, and will be activated with that.
1-2-2015   Intel Guru DC   Bottom line is that the nitpicking is still going on, and now the earliest we are looking for this is Sunday afternoon, realistically on Tuesday onwards for 6-7 days. A large part of what instigated this is the amnesty law. We hear that they have a plan now, and Iraq says that it will be solved by Sunday, while my State Department friends say that Tuesday will be the earliest.  

1-2-2015   Newshound Guru Adam Montana   ...things are moving FAST.  There is no better news than HCL news, and the HCL is on the way!   Between that...and the Parliament meeting on the 7th for the Budget, we are all getting sweaty palms!

1-2-2015   Intel Guru Bluwolf    This year will be a great year for our investment and it should be coming along at any time.  Iraq is ready, our UST is ready, our banks are more than ready, our paymasters are already tuning in to things...All is now kinda of silent and this is good and it shall arrive as a thief in the silence of the night.  Someone of great importance to your country sent this message out to me and i will share it with all.  He said   "Sit back and relax and just let everything unfold naturally. ” There were a lot of folks with their hands in this cookie jar stalling and milking this RV, but as we speak these are no more and they are all going down as scheduled, so this very important person stated.  I now wait, relax, for it is heading our way now and timing is on our side.

1-2-2015 Newshound/Intel Guru Stryker …I am trying to get confirmation if the Central Bank of Iraq is in the process of changing their exchange rate regime this weekend. Some are saying they are but until I see real facts I would advise everyone to stay calm and not get their hopes up too much…I still believe that the 2015 fiscal budget will need to be completed first …the information from all the people I respect around the world believe we are real close in seeing the rate change...

1-2-2015   Intel/Newshound Guru tman23   The 2015 Budget will be completed and legal January 20th.

1-2-2015   Newshound Guru sczin11   IF THE BUDGET IS IN THE GAZETTE AS WE SAW LAST TUESDAY, AND THIS IS WRITTEN INTO BUDGET, THEN EFFECTIVELY, HCL IS IN GAZETTE!!

1-2-2015   Intel Guru Freeway Bill    Well, we thought we would have reached our destination by now but we have not, or have we?  I know we have not been paid for our exchange yet, but that does not mean that we are not there yet.  The US is not in charge of this at this time, nor have they been for a long time. The Iraqi news will not tell you when it is going to happen.  You just have to trust that the real power is in the hands of people that were designated to carry this through a long time ago and they are doing their job... I can tell you that NOBODY has been paid regardless of what you have heard or read...try to relax knowing that the end of this is near.

1-2-2015   Newshound Guru Adam Montana   [ I know we have HCA but how long do you think it would take for HCL and/or is it in the Budget for 2015?]  I believe the Parliament session January 7th will have a BIG impact on an actual HCL, if it's not done before that actual session.

1-2-2014   Intel/Newshound Guru Poppy3   contacted with 4 sources THIS EVENING AND ALL OF THEM AND THEIR SOURCES ARE ALL ASTOUNDED WE HAVENT HEARD A RATE AS YET.  THEY ALL ARE EXPECTING IT ANYTIME NOW. 

1-2-2014   Newshound Guru Chattels  Interestingly, it is possible that Iraq could have made a rate change on Thursday and we could not know of it until Monday, the 5th of January, a period of four days. Thursday was the 1st, New Year's day and a holiday for the CBI. Friday, Holy Day and Saturday are supposed to be holidays, and some Sunday auction results are not posted until Monday. Am I saying that there has been a substantial increase in the value of the dinar?  No, only that there could be and we might not know it for four days.

1-2-2015   Newshound Guru Kaperoni    Once we see these laws in place, so investment begins to come into Iraq...we will be getting closer to the the CBI making moves with the dinar.  This is a process, not a single event and it will take time to accomplish all that is needed prior to dinar. I said several weeks ago, that March 1st was a realistic target date...but that date now fails because the CBI is not currently in compliance with the IMF. So the window is now mid 2015 or later.   [post 2 of 2]

1-2-2015   Newshound Guru Kaperoni   There is no RV...the budget has no bearing or anything to do with any currency change.   I stated years ago the budgets are based on Dollars and they remain so. So if you want to look for the budget for some mythical RV, your fooling yourself. The budget will be passed...and based on what they have accomplished, it is reasonable to expect it to be ratified by end of month (January) as stated. That being said..everyone needs to focus on what is really more important and that is the many laws that sit idle that need to be passed. Including banking laws!   [post 1 of 2....stay tuned] 1-1-2015   Intel/Newshound Guru American Contractor   There is a lot of talk in the dinar world that the Iraqi government must have an international currency before they can transition to becoming an International Monetary Fund (IMF) Article VIII member.  If this is true then why doesn't the country of Kenya, Honduras, Algeria, Bahrain, and many more countries who are Article VIII members have an international currency.  The answer is that you do not need to have an international currency to be an IMF Article VIII member. 

1-1-2015   Newshound Guru Adam Montana    [ I've noticed that many...seem to assume that the new rate and the 2015 budget will be announced simultaneously, and that therefore the latest news of a Jan. 7th budget vote pushes the rate announcement back to that date as well.  Since Gov. Shabbibi has always said that it's best that a new rate starts at the beginning of the year, how likely do you think it would be that the rate is announced announced Jan. 1st, and then the budget, with the new rate, is voted on Jan. 7th?]   Unfortunately the 2 aren't "tied at the hip" and one can easily happen completely separate from the other... BUT that's not to say that what you've proposed is any less likely. Shabibi is a smart man and the things he said and did years ago will still have an impact on how Iraq moves forward... let's see how things go here in the next few days.

1-1-2015   Newshound Guru sczin11   WE ARE AWAITING THE FINAL EPISODE, THE EPILOGUE, THE CURTAIN CALL...THE LAST PIECE OF THE PUZZLE...THE TRIGGER FOR THE IMPLEMENTATION/ ACTIVATION OF MONETARY REFORM!  IMHO WE COULD SEE IT ANYTIME.

1-1-2015   Intel/Newshound Guru Poppy3   I DON'T AND NEVER THOUGHT WE WOULD SEE RV TODAY BUT FEEL THE POSSIBILITY AND THE STAGE WOULD BE SET FROM TODAY FORWARD THAT WE WOULD HAVE A CLEARER PICTURE OF THE TIMING IF ALL THE LAWS WHERE ANNOUNCED OR IF ANY ARE LEFT PENDING. EITHER WAY THINGS ARE HAPPENING POSITIVE IN THE RIGHT DIRECTION.  [post 2 of 2]

1-1-2015   Intel/Newshound Guru Poppy3  ...THE MOST FACTUAL NEWS DOESN'T COME OUT OF IRAQ TILL AFTER 6PM TO 8PM OUR TIME IN THE EVENING...LETS LET THE REAL NEWS APPEAR. THEY HAVEN'T WORKED SO HARD AND PUSHED FOR THIS DATE TO LET SOMETHING MINOR STOP THEIR PROGRESS AT THIS POINT. ...ACCORDING TO WHAT IS ALL PASSED AND IMPLEMENTED TODAY SHOULD SET ANOTHER TIME TABLE TO SEE A RATE GOING FORWARD.   [post 1 of 2....stay tuned]

1-1-2015   Newshound Guru sczin11  ...IT IS MY BELIEF, ALL THAT NEEDS TO GET DONE, IS EITHER IN PROCESS OF COMPLETION, OR DONE, JUST OFFICIALLY NOT RELEASED TO THE MEDIA, OR PRINTED IN THE GAZETTE, AS OF THIS MOMENT...COULD CHANGE ANY TIME... WE WATCH THE NEWS RELEASES, AND KEEP IN MIND, ALWAYS, WHEN IT GETS RELEASED, WE KNOW IT WAS COMPLETED BEFORE THAT RELEASE WAS MADE.. DR. SINAN AL SHABIBI. MAKE YOUR APPEARANCE!

1-1-2015   Newshound Guru Kaperoni    I am convinced that Iraq has decided to raise the value based on economic growth, investment, etc.  and as the IMF says "gradually."   And I do not believe Iraq will LOP.

1-1-2015   Newshound Guru Adam Montana   [I'm in the group that sees this probably happening within the next few days- mid-January at the latest.  IYO, if this does drag on past your own perceived timeframe and series of events, what will you be looking for next?]  I'm also hot on the coming week(s)... but if I happen to be wrong, unless something goes extremely wrong, we're still in the hunt for something to pop very soon.   [With all of the BS going on out there does the USA really have any say in Iraq RV'ing their currency?]   I'm very excited to see what the next week brings, and no the USAdoesn't have any control over the value of Iraq's currency. The CBI sets the rate. 12-31-2014   Intel Guru TNT Tony  LATE BREAKING NEWS - HCL & #38 COMPLETED - AMNESTY LAW IS STILL A PROBLEM. RI NEXT WEEK.

12-31-2014   Intel Guru Frank26   Worry NOT what the CBI WEBSITE is doing right now...Note the date is still the 30th.  The server in Texas is being updated for 2015.  Does it contain a new rate like an RI?  IOO, NO.  IOO, Dr S will talk before an RI or RV.  At the end of a year...Inventory of many things are established for the following cycle.  Nothing more.

12-31-2014   Intel Guru TNT Tony   Shabibi is going around the country explaining the new currency value and also about the new government and the need to support the military against ISIL. They are 90% removed, but they need the people to rise up and support the government and this is what he will do for them. It is law and effective on the 1st of January, when it is published in the Gazette.  The people are excited about tonight or tomorrow.  The rate will come out at $3.58, and there is the possibility in the next two years for the rate to double because that is the rate Shabibi really wants. That’s why he wanted an RV, and he is now in charge of the CBI. That could happen in the next 15-30 days or up to two years.    The dinar can come out at $3.58, hit forex, sky-rocket for a short time, and then fall back.   Dinar = $3.58, rupiah = $1.05, dong = $1.02, zim = 0.11 (minus six zeroes).

12-31-2014   Intel Guru DC   We expect this on or before the 1st, which is tomorrow. It’s our expectation from everyone in Iraq and the US.  In Iraq, they have been publishing different articles for the budget and justifications for the RV and the economic increase. It’s coming out in the Gazette, which usually comes out on Wednesdays, and they are having a special edition tonight or tomorrow. Shabibi has been behind the scenes and is now publicly acknowledged as the architect behind this RV. He is using the terms RI and RV as separate deals.  The RI is a ReInstatement at the old rate plus a bit for inflation. That gives them a little wiggle room.  We expect the rate to be about $3.58...Shabibi wants a $6 rate or more – and I wouldn’t bet against the man.   So to recap, the RI will be about $3.58, and will go at the same time as the budget, in the next 24 hours.  We have read the budget, and it says that upon completion of the RI/RV, the rate will change.

12-31-2014   Newshound Guru Adam Montana   Where to begin... well, first I'll say things are looking extremely good. Abadi continues to push Iraq in the right direction. As we discussed last week, we have an HCA and an HCL looks to be VERY close.  Parliament is set to meet January 7, and Baghdad has already stated that the KRG will no longer be withheld funds and the budget will reflect that - this will continue to make the Kurds happy and move things forward. THAT right there is probably THE biggest budget news I've heard in the entire time I've been involved in the Iraqi Dinar!

12-31-2014  Intel Guru Mnt GOAT From what I just learned this will not go on until at least Jan 7th  2015. All indications are now we are on track to see the CBI announce the RV for Iraq on or around this new timeframe.  Will the USA stop it once Iraq announces it? I do not see them doing this as long as all the needed laws are put into place as agreed would happen prior. [Post 2 of 2]

12-31-2014 Intel Guru Mnt Goat I thought this entire budget bill process was put in warp drive and I was correct…In reality they moved so quickly with the budget the other pieces now have to catch up before they can implement it…The hold up now is still in the section 38 items dealing with the oil. Other laws too are a concern and the USA is demanding these get implemented prior to any RV of currency. Then when can we expect the RV?  There is only 1 day remaining till Jan 1st 2015 and on this eve of the new year many of us sit here in wonder. You should not be disappointed and be confident instead.  All is still very good and I am happy to finally get the truth… [Post 1 of 2 stay tuned]

12-31-2014   Intel/Newshound Guru Poppy3  WE NEED TO PRAY THAT ALL LAWS ARE ACTIVATED ON THE FIRST AND NONE ARE LEFT PENDING
 AFTER JAN 1. ALSO IT WILL BE A FEW DAYS POST JAN 1 BEFORE ALL CAN BECOME OFFICIAL AND GAIN FULL IMPLEMENTATION. THE RATE MAY BE ANNOUNCED AND GLOBAL EXCHANGE ACTIVATION COULD ALSO BE HELDUP LIKE KUWAIT DID. THESE ARE NOT THINGS WE KNOW WILL HAPPEN BUT THINGS THAT POSSIBLY COULD HAPPEN SO LETS JOINTLY PRAY ALL GOES SMOOTH AND ALL IS COMPLETED ON THURSDAY.  TIME AND THEIR ACTIONS WILL SHOW TRUTH.

12-31-2014  Newshound/Intel Guru Tlar  So what is the rate if they remove the leading zeros?  By removing the zeros you would come to the natural conclusion that the rate would be .86 to one dollar, right? Deleting the zeros of the exchange rate does not necessarily mean 86 cents.  It only implies the zeros are gone. So the rate can be 86 or a number greater than because removing the zeros is not definitive as to value. The only thing it tells use is the zeros will be gone.  With that I will leave you with this thought. Abadi has turned out to be the Ronald Reagan of the middle East. He has accomplished more for Iraq in the 3 months he has been in office that Maliki did in the last eight years. [Post 2 of 2]

12-31-2014   Intel/Newshound Guru tman23   ...what is interesting is what happened to all the big raises and retroactive back pay? They were broke when they were announcing raises etc.. a few weeks ago. Yes, possibly oil prices falling...and/or possibly lower salaries due to an upcoming monetary change with more value added to the IQD...which I believe to be the case.

12-31-2014  Newshound Guru sczin11   I DONT, AND HAVE NEVER
BELIEVED, THERE IS ANY HOLDUP... I BELIEVE PARTS OF THE EXECUTION OF THE PLAN, MAY HAVE HAD A FEW BUMPS IN THE ROAD, SMALL HICKUPS, BUT NO DELAYS BY ANYONE FOR ANY REASON.

12-31-2014  Newshound/Intel Guru Tlar  What is deleting the zeros?  The CBI themselves under Shabibi stated the zeros would be deleted off the nominal value giving purchasing power to the currency. The finance committee stated the "leading zeros" would be deleted.  We only find leading zeros on the exchange rate, not the currency itself.  In 2010 Shabibi presented to parliament laws he wanted passed which would penalize any street vendor who knowingly takes advantage of a customer on the first day.  These laws are only meaningful if the currency value changes quickly...   [Post 1 of 2]

12-31-2014   Intel Guru Bulldog75   [will we see an ri followed by an rv...?]  
IMHO, NO 'RI'. RV COMES IMMEDIATE, SWIFT, FAST.  OUR BLESSINGS AND MANNA COMES FORTH SOON TO NOW.
12-30-2014  Newshound/Intel Guru Tlar  …We know that great preparations have been made for months on a National Reconciliation meeting that is to take place next Saturday. Dignitaries from around the country and globe will be in attendance…IMO it looks as though we are looking at sometime up until the 11th of January or just before to see monetary change in Iraq…I think we are looking at Iraq going global in January as they themselves have stated in many articles. They need a currency to complete their transition…I am expecting monetary change in Iraq between now and just before their stock market re-opens…It can happen at anytime. IMO the change will occur just before the budget is passed and opened…This is a CBI decision alone, but the CBI and the Abadi government are working together to make this happen and it is my opinion that the government and the CBI are ready to see this go.

12-30-2014   Intel Guru SteveI  First of all, yes the budget was passed last week.  It is also true the parliament is not on vacation or leave until January 7, 2015.  Another fact is that Al Shabbi will be the official governor of the CBI. This has not only been confirmed by the news, but our (many) sources.  ...what is next? The only true answer to this is in the hands of the CBI. The CBI trumps all regarding values and future policies (except within the understandings of the expectations of the current government.)  Now that the budget has been passed, it is of my opinion based on the laws, that the monies will not be disbursed to the locations within the budget for a couple of weeks. Just because the budget was passed does not mean instant value change today. This has to be between the CBI now and their procedures...With what we do know it is really hard to not get excited...it is again, up to the CBI to implement it.

12-30-2014  Newshound/Intel Guru Tlar  The Iraqi Stock Market has been closed on the 29th of Dec and will not re-open until the 11th. The budget has been agreed to but it too will not be voted on until around the same time period but will be made retroactive to the January 1st.   Articles have come out stating that the provinces, who for the first time will be managing their own affairs and projects under the new Federation Laws, will be funded with the opening of the budget in January. The HCL is also agreed to in full by both the Kurds and Baghdad.   The HCL is revenue sharing and it is based on the budget. It tells all sects how much they will get out of the oil revenues and how they will be paid.   The HCL is scheduled to go into effect around the first of the year and must come before the budget is opened

12-30-2014  Newshound Guru tlm724  "direct bank branches not to send and receive electronic instruments to two (7- / 2015/1on the occasion of renovation Iraqi payments system by the Central Bank of Iraq."  renovation Iraqi payments system by the Central Bank of Iraq…thats pretty…thats not just shuting down to close out the year thats renovating the Iraqi payment system January 7th and 8th !…sure feels good to me to see things shakin and movin everyday...means there is a very bright light at the end of the tunnel, much brighter than its ever been before that much I KNOW and we need to wear some shades...

12-30-2014   Intel Guru TerryK   I HAVE THE SIGNED 2015 BUDGET IN
HAND... GOT IT YESTERDAY.  NOW IT SAYS UNDER ARTICLE 41,
 WHICH I HAVE ALL ARTICLES. THE DOCUMENT IS CLEAR THEY INTEND ON POSTING JAN 1.  THEY CAN VOTE ON IT WHENEVER...THEY HAVE IDENTIFIED THE NUMBERS...THEY NEED THE RV NOT THE BUDGET
NOW THAT THEY HAVE TAGGED THE AMOUNTS IN DINAR THEY NEED TO JUST RV THE CURRENCY.   WHEN WILL THEY RV...THAT'S THE           QUESTION.  NOW ABADI IN A SPEECH TWO WEEKS AGO AND I QUOTE...HE WOULD RV THE CURRENCY IN JANUARY.  BE ASSURED THAT ABADI IS MAKING A LOT OF HEAD WAY, AND MOVING
 FASTER THAN ANYONE EVER HAS AND NOW WITH DR S [SHABIBI]  IN PLACE, HE HAS BEEN RE INSTATED AS THE GOV. OF BANKING, WHAT A TEAM.  THEY WILL RI THE CURRENCY, FLUSHING OUT TRILLIONS AND
 THEN ISSUE A RV 72 HOURS AFTERWARDS, THEN FLOAT.  THIS TAKES CARE OF THE COMMITMENT WITH KUWAIT NOT TO EXCEED .50 EITHER WAY...AS A RI WILL BE LIKE 3.57 BUT THE RV WILL BUMP IT
 AROUND 8.16, THEN FLOAT AS HIGH AS WHAT IM HEARING 13.86 TO CAP.  THEY CAN SUPPORT RIGHT NOW 16.00 RATE IN OIL ALONE. I HAVE TO SAY TREAT AS RUMOR.

12-30-2014   Newshound Guru wmawhite  The investment side of the budget is unworkable without a change in the status of the IQD.   ...the CBI can make their move well in advance of the budget...the CBI has the keys to the future of Iraq.  [do u think they are waiting to implement all the laws...?]  No...they are trying to catch up to the CBI...with the laws...when the CBI is ready they will do it.

12-30-2014   Newshound Guru Millionday   Article quote:  "...postponed the Finance Committee in the House of Representatives, who was scheduled to hold its meeting on Monday, to study the general budget to next Saturday."   WHAT WE HAVE HERE IS THE BUDGET GOING TO PARLIAMENT ON SATURDAY -- THEY HAVE REPORTED IT WILL BE A ONE DAY EVENT IN A PAST REPORT -- STUDY AND VOTE ALL IN ONE DAY.  THE CITIZENS KNOW THE NEW BUDGET IS COMING AND WANT TO KNOW WHAT IS GOING TO HAPPEN.

12-30-2014   Intel Guru DC    Everything is lined up right now for this to happen in the next few days… They have promised their people and everyone else to get this done on or before the 1st.  Basically, Iraq was nitpicked to death for the last three weeks, but now we are certain the checklist has been completed, the IMF and BIS have agreed, the US is supportive, and it’s in Iraq’s hand.  The contract rates are still out there. The vast majority will be taking the street rate, which is $3.58 right now.  We are just waiting for Abadi to give the go, so we are feeling confident everything has been done.  That’s not to say it couldn’t be stopped.

12-30-2014   Intel Guru TNT Tony    We are hearing from Iraq that they are all done and they as just waiting for Abadi’s go signal.  On the US side, some powerful people have been promised this will happen by the end of the year, for legal and other reasons.   They have stated when it becomes law on the 1st, this will happen – if not before.  Iraq has been ready since the first of the month, and announced to their people they would do it on television and in the papers.  There is nothing left that has to be done before this happens.    There is a contract rate on the dong as well, and the price I heard was $2.27. That is a great rate.  We believe the  international rate is $1.02, but won’t be surprised at .47.   We’re looking good, it’s still Christmas time, and we can still celebrate.  

12-30-2014   Intel/Newshound Guru Backdoc   …ARTICLE 37 IN THE BUDGET IS MISSING. WHY? NOT FOR YOUR EYES FOR RIGHT NOW! …THE LANGUAGE IN THE BUDGET IS SUCH THAT THE RATE IS SUBJECT TO CHANGE AT ANY MOMENT!

Read more: http://www.dinarguru.com/#ixzz3NrxObwag

12-29-2014  Newshound/Intel Guru BGG Let’s hypothetically say it [Iraqi Dinar] comes out at a very low number…for let’s say 90 days…and it is a managed regime like it is now…then all this IMF 2% stuff doesn’t matter.  They can do it tomorrow and well within rights to do that…I have a contact who is in shock that a currency shift has not happened…there is no rhyme or reason why it has not happened.  He relayed what he believed to be an impeccable source even better than himself who say the change was to be immediate.  I believe it’s Maliki trying to delay this all from happening.  Iraq is in serious enough straights that something has to happen.

12-29-2014 Newshound Guru BGG  …They can pass all the budgets they want…where is the money coming from?  They have to have the money…the income.  Iraq has a cash problem.   Abadi says Iraq is not bankrupt but they do have a cash problem.  They are talking a lot about International standards, Iraq wanting to integrate with current international standards…they want to be a part of the world…The Budget is a foregone conclusion…just a matter of time...

12-29-2014   Newshound Guru tlm724   Article quote:   "its intention to take a series of actions that contribute to the increase of financial resources, including the collection of water bills in earnest and resolute"  again they are getting ready to put a hurt on their people and they should impose all the taxes but they are going to have to raise that purchasing power!

12-29-2014   Newshound Guru sczin11  [3 days to exchange?(reference tman23 post 12-29-14)]   BY INTL LAW AND GUIDELINES, NO, BUT THIS IS IRAQ.  [can you confirm the date of the next Parliament Session (when budget will be voted on , approved, opened and activated)?] THEY STATE JAN 7, Thats ALL THAT IS IN INK.  IMHO, AS STATED BEFORE, BUDGET IS DONE.. I AM LOOKING FOR ONLY ONE THING...  [And that one thing being Shabibi back?]   SMILE.

12-29-2014   Intel Guru TD   A tell tale sign of progress and transformation into a market driven economy in 2015 will be the announcements of these neighboring countries and it's companies ACTUALLY signing contracts and entering Iraq to do business with. Turkey...is the "close template" of Iraq's monetary reform programs and in the end the eventual done reforms will greatly resemble Turkey's. Lastly, the GOI indicated a few months ago their 4 year goal of finishing and implementation of economic reform initiatives.  2015 (IMHO) represents the first quarter. The game may actually finish though by half time. This (I'm told) is their goal.  [post 3 of 3]

12-29-2014   Intel Guru TD    The budget I'm told will indeed pass with flying colors and it is based on $60 oil price and current monetary exchange rate (1166). Keep in mind the budget does NOT have to reflect a rate change, just a rate. The numbers in the books can be modified at any time with ease. The Abadi administration has curtailed the ISIS onslaught and now the goal of having moderate Sunnis on board to retake lost territory is a major goal in 2015.  The Abadi administration is reaching out to it's neighbors, particularly Turkey to proceed with joint ventures: joint banks, Turkish businesses and companies investing into Iraq, etc.  [post 2 of 3....stay tuned]

12-29-2014   Intel Guru TD   Chats with my amigo to share (Treat ALL as rumor and please do your own sound diligence). Well as 2014 closes and 2015 opens Iraq is hopeful and poised to overcome it's challenges and find it's footing as a viable, united country. So what can we expect in the new year? All past lessons point to no concrete predictions but we can focus on "hints' to reach better probability outcomes. I reported months ago for "TWO Currencies' to Co-exist going into 2015 and we have already seen the new 10K, 20K notes already being integrated and exchanged. Early in 2015 we will see the 50K note also being used. This is part of the process of retiring the older notes with the security enhanced new notes. The "hint" in this move tells us that currency reform has several plateaus and actual rate change is way down in the to do checklist.  [post 1 of 3....stay tuned]

12-29-2014   Intel/Newshound Guru tman23  I would advise everyone to be on alert this evening and tomorrow [Monday]  morning for possible rate reinstatement that is effective for 72 hours...I know it is insane but just keep on your toes, we don't know how they are going to roll this out but there is no doubt it is coming...Also note I received an email "it is Christmas time" in Iraq... xmas was 2 days ago...So I am just saying be prepared! And I do believe "time will be of the essence" with regards to exchanging.

12-29-2014   Newshound Guru Enorrste   Entry into Article VIII, as I understand it, requires an internationally recognized currency.  The current dinar is not internationally recognized.   When they initiate the float it will become internationally recognized.  At that same time the street rate and the official floating rate will be the same, which satisfies the 2% rule.  The IMF has called for Iraq to change its exchange rate regime.  They have called for that before allowing the move to Article VIII.  Therefore, it is my view, and I think KAP [Guru Kaperoni] and I agree on this, that the float would precede moving to Article VIII.

12-29-2014   Newshound Guru Millionday   ANNOUNCEMENT BY THE GOV OF CBI -- THEY ARE ALL READY FOR THE 2015 BUDGET...  THE IRAQI ECONOMY AND ALL OF THE CHANGES ARE HUGE AND HAVE TAKEN YEARS.  CBI CONTROLS THE ADVANCEMENT OF THE EXCHANGE RATES -- THEY ARE INDEPENDENT BUT THEY ALSO NEED THE LAW UPHELD AND TO WORK WITH THE GOVERNMENT IN THIS.  THE BEST PART IS THEY ARE READY FOR THE BUDGET... THEY DO NOT HAVE IN INK IN THE PAPER THAT THE BUDGET HAS BEEN VOTED THROUGH TODAY...BUT, THEY ALSO HAVE PRINTED THE BUDGET AND ALSO SENT IT TO THE IMF WHO HAS MADE COMMENTS ON THE BUDGET OF 2015 FOR IRAQ...THEY ARE SAYING THEY ARE EXPECTING IT SOON (BUDGET).

12-29-2014   Newshound Guru tlm724   Article quote:   "the Kurdistan Parliament Tariq essence, on Sunday, there is no problem between the central and Kurdish governments in the implementation of the Convention on Baghdad - Arbil, indicating that it will enter into force after the approval of the 2015 budget."   *hallelujah* will ya look at that, thats the Erbil agreement !  ...check it off the list any minute now.

12-29-2014   Intel Guru Delta   MONDAY WILL BE THE LAST DAY FOR ISX, THEY WILL COME BACK ON 01/11/15. NOT THE 7TH....THEY CHANGED IT... SOMETHINGS GOOD IS BREWING!  [ I would think that if the ISX comes back on line January 11th, they should have a rate in place 7-10 days prior.]   I AGREE. CBI DON'T HAVE TO WAIT UNTIL THEN. 12-29-20214  *** Dinar Guru Intel Flash  ***  Numerous Intel Gurus from different camps are reporting the Budget has been passed and will be showing in the Gazette, documents and news articles shortly...if accurate, we should see Newshound Gurus confirming this HUGE news shortly...stay tuned as this  event unfolds.  [Guru updates will continue to be posted below...]
12-28-2014   Newshound Guru sczin11   [WHAT IS THE STATUS OF THE BUDGET, IS IT PASSED AND IN THE READING STATUS, JUST WAITING TO BE PUT IN THE GAZETTE OR IS IT FINISHED?]  IMHO, IT IS DONE!  [when do you feel this will happen]   I DONT LIKE THE DATE CALLING, WHAT I WILL SAY, IF NOT NOW...THEN I HAVE NO CLUE...THE STAGE IS SET, THE PLAYERS ARE ON THE FIELD, WE AWAIT THE FIRST PITCH, THE HONORARY FIRST pitch, being thrown out by non other than....DR. SINAN AL SHABIBI...JMHO.

12-28-2014   Newshound Guru Enorrste    The plan is still in play, although delayed a couple of years by Maliki.  With Shaibibi returning we should have every expectation that he will insist on implementing the plan as quickly as possible.  After all, he worked it out with the IMF to implement it in 2012.  And, at nearly 80 years of age, he isn't going to just sit around and wait another 4 years to implement his "baby project".   Doesn't this make perfect sense?  I am...excited!  We are definitely on track, folks.  Hang in there.

12-28-2014   Newshound Guru Arthur    As for the timing of the budget itself, based on  all I have seen in their media rather true or contrived we will soon find out, we appear to be looking at a back wall of some time shortly after January 7th, with the following UN update being Jan 15th, to see the budget open and completely implemented throughout the entire country although there is nothing I can see that is totally stopping it from happening anytime from the 1st of Jan on.  But the exciting thing we do know for sure however is that, for the very first time in this investment, we are definitely about to witness an international market economy in Iraq.  An international market economy means an international market driven IQD that we all hold and that in itself is enough to take me to a 9.8 on a scale of 1 to 10 on my excitement scale as we enter into the beginning of 2015.   [post 3 of 3]

12-28-2014   Newshound Guru Arthur  As much as I would like to join the growing chorus of people announcing that it positively is, look and search and dig as I have, I have found no absolute definitive proof that it will be there when this budget is initially released. So far all we have been allowed to discern based on the body of information we currently have is that this budget has been calculated in the trillions and trillions of dinar which, on the surface at least, can only lead us to the conclusion that this budget is being opened at the current rate, which of course would be what any country in this situation would want the world to think in order to quell any early and damaging speculation... nevertheless, so far they are doing a remarkable job of hiding any hints that the rate is currently in the budget if indeed that is what they are trying to do.   [post 2 of 3....stay tuned]

12-28-2014   Newshound Guru Arthur  The list of accomplishments the abadi government has achieved in a relatively short period of time are too numerous to cite, but its safe to say that it is now hard to find many things that we can easily find that they still need to do in order to achieve their final sovereignty that would engender an atmosphere conducive for WTO ascension and Article VIII entry with an international economy and currency like their middle eastern neighbors many of which possess nowhere near the current or future wealth of Iraq.  Which brings us to the question I like to call the big camouflaged elephant sitting in the front room with its big crusty feet propped up on the living room coffee table. And that is rather or not the new revalued rate is in this soon to be released budget.   [post 1 of 3....stay tuned]

12-28-2014   Intel/Newshound Guru Poppy3  THE RATE IS MANDATORY PERIOD. THE HAVE BUSTED THEIR BUNS TO COMPLETE THE BUDGET AND IT IS USELESS WITHOUT THE RATE.  A RATE IS COMING...THEY GOT THE MONEY READY AND ARE SAYING THEY ARE GOING GLOBAL NOW.   STATED TODAY THEY NEED NO MORE READINGS AND CAN PASS THE BUDGET OFFICIALLY. THEY ALSO SAID TODAY THEY WILL HAVE ANOTHER CALLED EMERGENCY MEETING JUST TO VOTE TO PASS THE BUDGET COMPLETELY TOMORROW.   THE OIL PRICE THAT HAS DROPPED TO $60.00 PLUS DOESN'T EFFECT OUR RATE... REMEMBER BACK WHEN IT WAS AT $3.22 THE OIL PRICE WAS $31.00. THE RATE WILL BE VERY GOOD.

12-28-2014   Newshound Guru tlm724   Article quote:   "the second reading of the draft budget for 2015 will be in the next session of the House of Representatives, which will not drag on more than one session"  [So...when is the next session?]   Jan 7th.

12-28-2014   Newshound Guru Arthur   First of all this is the first EOY we have ever witnessed devoid of the notorious Nouri al-Maliki...this new PM Abadi is proving to be an historically great and eminent leader.  How many world leaders actually successfully do what they say they are gonna do on a consistent basis? And how many parliaments or congresses actually assent and collaborate with a leader the way we are witnessing in the case of Iraq?  None that I have ever seen which makes for all the appropriate conditions one would think a country aspiring to international greatness could possibly want or need to achieve its stated goals as a global donor nation.   [post 2 of 2....stay tuned for more Guru Arthur]

12-28-2014   Newshound Guru Arthur   The reality of this investment is and always has been that by its very nature there are no definitive dates or rates to be found so all we can do is our very best due diligence in looking at all the veritable information we can see with our own eyes, filter what little veracious and reliable intel we can glean along with the almost indecipherable, intentionally ambiguous articles and make some educated guesses based on empirical evidence over time. Based on that, we can all agree that this is the most exciting time we have ever seen in this investment.  End of year excitement is always abundant since that is usually the time when countries implement their annual budgets, but this year is by far filled with the most palpable and positive expectation any of us have ever seen to date.  [post 1 of 2....stay tuned]

12-28-2014   Newshound Guru sczin11  [iyo when is shabbs given his position back?]  IMHO, HE IS, I REPEAT, IS BACK, WORKING HARD WITH THE BOARD OF GOVERNORS, AND THE ANNOUNCEMENT SHOULD BE FORTHCOMING...S O O N!  [Do you think the budget posted at parliament has something special in it we can't translate?]   NO, I THINK ANYONE THAT PROFESSED THE RATE WOULD BE CLEARLY POSTED IN THE BUDGET, HAS NO CLUE WHAT A BUDGET LOOKS LIKE.  [Are we close?]  IMHO, YES.   [post 2 of 2]

12-28-2014   Newshound Guru sczin11   [THE BUDGET IS THE CAR AND THE CBI HAS THE KEY.]  AND WHO IN THE CBI HOLDS THE KEY TO START THE ENGINE? IMHO, DR.N SHABIBI HOLDS THE KEY! I STILL SAY RATE BEFORE BUDGET...DR SHABIBI WILL PULL THE CAR OUT OF DRIVEWAY!  THEY CAN HAVE WORTHLESS BUDGETS...WHAT WE WANT IS A FULLY VALUED BUDGET.  [post 1 of 2....stay tuned]

12-28-2014   Newshound Guru Enorrste   ...passing the laws alone will not be sufficient to bring in outside capital.  The currency MUST be internationally traded before any large investment will enter the country (other than for oil, which is traded in dollars).  Therefore, again, the float must occur prior to the introduction of outside investment. Since he [the CBI chairman] is "outgoing" and is to be replaced by Shabibi, anything he says, regardless of how we interpret it, is moot.  Furthermore, we KNOW Shabibi's position.  He is the architect of the plan.  'Nuff said.  [post 2 of 2]

12-28-2014   Newshound Guru Enorrste   I do not believe that the CBI has to get into Article VIII PRIOR to floating its currency.  On the contrary, by floating its currency PRIOR to entry into Article VIII, it will ENSURE that the street rate and the official rate (now floating, in this scenario) are identical (i.e., less than 2% apart).  This makes entry into Article VIII a slam dunk.  If, on the other hand, the IMF were to "allow" them to enter Article VIII after 90 days of less than 2% variance, there would still be a risk of failure (back to a greater variance), whereas that risk is eliminated if the float precedes entry to Article VIII.  I suspect that the IMF has already informed the CBI that it wants it to move to a new exchange rate regime first.  Oh, wait, they already DID THAT, didn't they?   [post 1 of 2....stay tuned]

12-28-2014   Newshound Guru Kaperoni  ...once Shabibi is back in his office an had the CBI in compliance with the IMF, he more than likely will move to Article VIII which will allow the dinar to begin to rise based on the new Exchange Regime (some kind of float).  That being said, many have said the dinar is undervalued and some sort of correction would occur.  The problem is we don't know what the "correction" is.  It could be to .10 cents or $1.  No way to tell.  In any case, we must wait and see.  The important thing is that the GOI must create the environment for the market economy to flourish (laws, security, etc.)   Iraq needs to be in a stage of economic recovery for this project to succeed.   [post 2 of 2]

12-28-2014   Newshound Guru Kaperoni   I am not disputing that the dinar may some day be $3+, but like I said, it will never get there overnight.  Economic and monetary principals do not allow it.  Once the CBI begins to start raising the dinar based on market forces (investment, the capital account, etc.) to counter inflationary pressure created it could take years to reach 1 to $1 and even longer to reach 3+.   [post 1 of 2....stay tuned] 12-27-2014   Newshound Guru sczin11   Article quote:  "He said al-Abadi in a speech on the occasion of sovereignty: He Abadi: Iraq is not bankrupt, while noting that the country is facing a cash problem because of the decline in global oil prices, pointing out that the Council of Ministers was able to pass the state budget for the next year in 2015, has been read by the House of Representatives first reading, expecting things to be better than expected."  HERE IS PRIME MINISTER ABADI SPEAKING PROUD OF HIS COUNTRY, THE NEW IRAQ!  this MAY VERY WELL HAVE BEEN THE ANNOUNCEMENT WE WERE WAITING FOR. NOW BRING ON DR. SHABIBI!

12-27-2014   Newshound Guru Adam Montana   [Could you explain the time frame involved with the procedures requested to get the budget to the Gazette.]  I won't be surprised to see the budget officially in place before the end of the year. [does a 2% spread  between the market rate, and the official rate have to be maintained for 90 days before an RV can happen?  If so, did we just start over because they fell out of compliance sometime in the last week?]  No, that is not an actual requirement to RV. The CBI can make the decision to RV at any time regardless of any spread, rate, or timeline.

12-27-2014   Intel/Newshound Guru tman23  Zebari said in a meeting that import taxes would begin on January 20th...( IMO to impose such a tax I would think a monetary change would come FIRST...) Then in an article it was stated that they could not disclose the full budget...so I guess they need to pass it before they find out whats in it.  I am on watch from sunday night to the 31st...The ISX reopens on the 7th...All this ties together but we just don't know for certain how it rolls out.

12-27-2014   Intel/Newshound Guru Poppy3  THE BUDGET IS LIKE IF I WERE TO GIVE YOU A NEW CADILLAC IT WOULD NOT BE OF MUCH USE TO YOU TILL I GIVE YOU THE KEYS TO START IT. WELL THE KEYS TO THE BUDGET IS A RATE AND THEY CAN PASS THE BUDGET BUT IT IS NOT DRIVABLE TILL THEY GET THE RATE. THEY HAVENT HAD ALL THE EMERGENCY MEETINGS AND BEEN PUSHING ALL THESE LAWS AND BUDGET THROUGH FOR WEEKS AND MONTHS TO FINISH AND THEN QUIT. THEY WILL ISSUE A RATE SO THE GOI CAN TAKE THEIR NEW WHEEL FOR A DRIVE. 

12-27-2014   Intel Guru Frank26   The 2015 Budget Is Passed!  You can wait all You want for the articles to show You methodically...But I'm telling You...It is passed preparing itself for the Gazette.

12-27-2014   Newshound Guru Adam Montana    [Do things seem to be "GLITCH FREE" with all aspects of law, currency, HCL, Payments to Kurds,and what ever else can be a potential blocker? In your Knowing Circle, will the rate be available for January 1 2015 or are we before a fork in the road like December 2010?]   I don't think we are coming up on a fork. Abadi has changed the course of Iraq for the better - the future is bright, get your shades ready!

12-27-2014   Intel Guru TNT Tony  On iraq tv 2015 budget ratified to be in official gazette on jan 1.

12-27-2014   Newshound Guru Kaperoni   I believe the most accurate information is coming from the IMF. The articles in Iraq are confusing because we receive many different views. IMO, once the economic laws are in place (hopefully January or February), Iraq's economy will begin to take off. And the result of investment will initiate the project to reform the currency as stated by the IMF.   That is the only sensible way for Iraq to make monetary change and delete the zeros. It's not overnight, and yet still a few months out, but...as long as it gets there, that's all that matters.

12-27-2014   Intel/Newshound Guru Poppy3  SEEMS LIKE THE APPEAL AGAINST THE LAST LAW DISPUTE WAS DROPPED. THAT IS GREAT NEWS AND AGAIN A MOVE TO SPEED UP THE PROCESS.  I HEARD AT 3PM THIS AFTERNOON [FRIDAY] FROM ISRAEL CONTACT THEY HAVE HEARD ALL ATTENTION IS TO MEET THE JAN 1 DEADLINE FOR ALL MONETARY PROCESS TO BE IMPLEMENTED WITHOUT ANY DELAY.  HE THINKS THE END IS VERY NEAR.

12-27-2014   Newshound Guru sczin11   THE BUDGET HAS BEEN PASSED...   THEY ARE FINISHING THE SHOW, AND THE FINAL ACTS ARE BEING CHOREOGRAPHED AS PER "THEIR PLAN".  THE PLAN IS BEING EXECUTED... A FEW BUMPS IN THE ROAD AS EXPECTED WITH ANY PLAN. WE AWAIT THE GOOD DOCTOR...DOCTOR SINAN AL SHABIBI.

12-27-2014   Intel/Newshound Guru Backdoc   WITH THE BUDGET NOW OFFICIAL ON THE 1/1/15 WILL THE CBI DELIVER A RATE JUST IN TIME FOR THE HCL DISBURSEMENTS? MMMMM.  REMEMBER THE ISX GOES DOWN ON DEC. 30TH THRU JAN. 6TH!!!  WITH 7 BEING THE PERFECT NUMBER I EXPECT NEW NUMBERS WILL BE REFLECTED IN THE STOCK PRICES ON THE 7TH!!!  THEN AGAIN WILL THE CBI HOLD A RATE TILL THE 8TH? A NEW BEGINNING!!!  MMMMM.  WE SHOULD HAVE GREAT EXPECTANCY NOW!  REMEMBER??? ONE BASKET!!

12-27-2014   Newshound Guru Millionday   TODAY THE BUDGET WAS PRINTED IN THE PARLIAMENT WEB SITE FOR THEIR PUBLIC TO SEE...IT   IS PRINTED AND IT IS CALLED LAW -- SEEMS AS IT COULD NOT BE CALLED LAW IF IT WERE NOT VOTED THROUGH AND THE PICTURE OF THE BUDGET MEETING SHOWS HANDS IN THE AIR SO WE SHALL SEE.  [about that budget arent those pretty large numbers...sending the kurds over a trillion a month?]  ALL NUMBERS ARE LARGE AT THIS POINT SO I AM NOT WORRIED AT ALL ABOUT THAT BECAUSE IF THEY CHANGE IT WILL BE DONE ALL THROUGH DATA ENTRY.  IT BEGINS IN 2015 WHICH IS COMING SOON.

12-27-2014   Intel Guru TerryK   I HAVE BEEN ON A CALL WITH A FEW SOURCES...NOW WHAT THEY ARE TELLING ME IS THIS:  ALL IS DONE, THEY DONT HAVE TO READ THE BUDGET TWICE, IT DOES NOT HAVE TO BE POSTED ANYWHERE, IT CAN JUST SHOW UP.  WHAT I WAS ALSO TOLD IS THAT THEY WERE WAITING FOR DR S [SHABIBI] TO BE RE INSTATED AS GOV...NOW THEY WERE GOING TO PULL THIS YESTERDAY WHAT I WAS TOLD HOWEVER THERE IS NO GRACE DAY IN IRAQ AS THEY DO NOT OBSERVE CHRISTMAS AND THEY ARE LOOKING AT NEW YEARS TIME FRAME AND THIS IS ALSO THEIR NEW YEAR CALENDER DATE AS WELL SO I GUESS ALL WE DO IS WAIT AND SEE.  [Do you think we will see the ZIM and VND at the same time as the IQD?]  I DO...BASED OFF WHAT IM HEARING.  IN FACT THE VDN MAY HAVE MOVED TODAY.  I DONT HAVE ANYTHING CONFIRMED‏. 12-26-2014   Newshound Guru sczin11   [When referencing "payments of employees of the province" does that require a RV as a prerequisite?]   IT IS MY OPINION, THAT THEY WANT TO PAY IN DINAR, AND THEY CAN NOT OPERATE THEIR BUDGET AT THE CURRENT RATE OF EXCHANGE, AND THE QI CARDS ARE SUPPOSED TO BE USED, THEN YES, THIS IS ALL PART OF THE ACTIVATION/COMPLETION OF THE MONETARY REFORM...

12-26-2014   Intel Guru TNT Tony    The budget has been approved, and we expected this to be announced yesterday.   All bank people are on standby.  Iraq is still staying they will have it done by  the end of this year.  There are five days left in December. It could happen at any moment.  All the documents are dated as taking effect on the first of January. We are just waiting for Iraq to complete the implementation and then this nightmare will be over.  As soon as this announcement is made, we can celebrate Christmas all over again.  I hear the dinar rate is $3.58, but it might come out higher.  The dong could be anywhere from 57 cents to $2 – international rates.  The rupiah has stayed at $1.05 consistently.  The Zim could be anywhere from .06 to .15, minus six zeroes.  Even two cents would be great for the Zim.  Everything is done apart from the announcement.  

12-26-2014   Intel Guru EXOGEN   Article:  "BAGHDAD / Baghdadi Uz..cd Vice Erbil branch of the Central Bank of Kurdistan, on Friday, that Baghdad will start from next month until the ratification of the Iraqi general budget, send trillion and two hundred billion dinars to Kurdistan"  [PAYMENT IN DINARS!] THIS IS MAJOR...JUST A FEW DAYS AGO IRAQ SAID THEY NEEDED MONEY AND TODAY THEY SAY THEY ARE PREPARED TO SEND TRILLIONS TO KURDISTAN.

12-26-2014   Newshound Guru Kaperoni   ...there has been two instances over the last 4 years that Shabibi announced he was going to make monetary changes.  One in June 2011 and another early (March/April 2012 SIGIR report) but said it would take place late 2012/early 2013.  In both cases, Shabibi was in total control of the Market Rate and had it below 1200 : $1.   That tells me very clearly, compliance with Article VIII is important prior to exit XIV.   

12-26-2014   Newshound Guru sczin11  IT IS MY OPINION, WE NEED A REALITY RATE, BEFORE THE BUDGET CAN BE RATIFIED, AND SIGNED INTO LAW! That being said, it doesnt matter, how long PARLIAMENT TAKES, WHAT MATTERS IS THAT THE LAWS, AND APPOINTMENTS CONTINUE TO BE PASSED...REMEMBER, WHY ALL THE LIGHTENING NEWS OVER THE LAST WEEKS, IF WE WERE GOING TO HAVE TO WAIT FOR ANOTHER MONTH? MORE IMPORTANT, WHY BRING THE PARLIAMENT BACK...DURING THEIR HOLIDAY RECESS, IF THERE WASNT GOOOOOOD REASON

12-26-2014   Intel/Newshound Guru Poppy3   I THINK RATE IS DUE AT ANYTIME AND I DON'T THINK ANOTHER READING IS NEEDED OR THAT THEY WILL WAIT TILL THE 7TH TO MEET...THEY WILL MEET TOMORROW [FRIDAY].

12-26-2014   Newshound Guru Kaperoni  Article:  "Deputy for the National emphasizes the necessity of activating the industrial and private sector to save the budget deficit"  Quote:  "the financial budgets for previous years has suffered from a financial deficit thus eliminating the deficit comes through the activation of industrial, agricultural and private sector."     This is what we have been waiting for.  The activation of these areas will bring in investment, investment creates growth and and as a result will begin to create inflation.  The counter for that is to raise the value of the dinar.

12-26-2014   Newshound Guru Millionday   ...NOW THIS IS SOMETHING WE HAVE NOT SEEN....Said in a parliamentary finance committee member, said that "the rest of the oil-producing provinces dues amounts of petro-dollar exchange rate will be after the approval of the federal budget for 2015".  NOTE -- THE AMOUNT OF THE EXCHANGE RATE WILL BE AFTER THE BUDGET SO OBVIOUSLY IT HAS TO DO WITH BUDGET FOR THIS YEAR.

12-26-2014   Newshound Guru wmawhite    Keep in mind,...whenever Parliament approves the 2015 Budget, 1/2 of it will be worthless (the Investment Part) unless the CBI changes the status of the IQD.   ...the budget does not automatically bring with it a change in the value of the IQD...they can approve all the budgets they want...however, unless the CBI FIRST gives Iraq a currency that the world will deal with, all of those budget are WORTHLESS!   [post 2 of 2]

12-26-2014   Newshound Guru wmawhite   [have you seen anywhere what Abadi's huge announcement was about today?]  the big announcement for the 25th was that for the first time the Prime Minister and his government (the GOI/CoM) sent to Parliament next year's budget prior to the next year. What is important here is that PM Abadi has done exactly what he said he would do. Now, Parliament has met and had the first reading on the 2015 Budget while it is still 2014.  In the meantime,...as their constitution calls for...Parliament's Finance Committee will do their part in reviewing what the CoM has sent to them.   In fact, Parliament is still working.   [post 1 of 2....stay tuned]

12-26-2014   Newshound Guru Kaerponi   Article:  "Parliament ends the first reading of the budget and referred to the Finance Committee"   Quote:  "The House of Representatives ended the extraordinary Directors held under the chairmanship of Salim al-Jubouri, head of the House of Representatives and in the presence of [229] deputies on Thursday the first reading of the draft general and the federal budget for 2015 Act."    I for one stated on several occasions that parliament would not be able to form a quorum for any special session. That in itself is amazing that they had 229 (looks like they had to round a few up lol)...the first reading is good, they now have a few weeks to review and correct anything that may be of concern so when January 7th rolls around it should go smoothly. I also read today Abadi is work[ing] to present these economic laws soon so January looks like a good month. Currency reform is coming in 2015.
12-25-2014   Newshound Guru sczin11    THE KURDS SPENT LAST 2 DAYS PRONOUNCING THRU THE MEDIA, THEY WOULD BE AT THE MEETING OF THE PARLIAMENT TODAY, A DAY EARLY, IN AS FULL A FORCE AS POSSIBLE, EVEN DURING THE HOLIDAY RECESS...WHY?   THEY ARE EXCITED ABOUT THE BUDGET PASSING EVEN MORE THAN WE ARE.  SOMETHING IS DEVELOPING HERE, AND WE HAVE YET TO SEE/HEAR WHAT IT IS.  I CAN SAY WITH CONFIDENCE, THIS GOVERNMENT MEANS BUSINESS.  THEY WANT THE SOVEREIGN DEMOCRATIC NEW IRAQ, IN PLAY WITH THE WORLD.  ...COME ON DR. SHABIBI, MAKE YOUR OFFICIAL ANNOUNCEMENT!   [post 2 of 2]

12-25-2014   Newshound Guru sczin11   Article:  "Parliamentary Finance Committee announced that, in the case of late Iraqi Council of Representatives approving a financial budget law for 2015, this delay will not affect the payment of salaries of employees of the Kurdistan region."    MORE REASSURANCE TO THE KURDS...SALARIES PAID NO MATTER WHAT, BUDGET OR NOT! WOW.  I TRULY BELIEVE, WHAT WE ARE SEEING IS FORMALITIES ALREADY AGREED UPON.  [post 1 of 2....stay tuned]

12-25-2014   Newshound Guru  Aggiedad77   We have seen confirmation this morning of Parliament's meeting today and first reading of the 2015 budget...they apparently will now recess again until 1/7/2015 where they are expected to reconvene for the second reading and discussion of the budget...that is unless PM Abadi might convince them of the urgency here and get yet another emergency Parliament meeting called before the end of the year...IMO...not likely at this point.

12-25-2014   Intel Guru EXOGEN     HOW CAN YOU READ A BUDGET WITH NO EXCHANGE RATE IN IT WHEN YOUR CURRENCY HAS TO NOW OPERATE IN DINARS AND NOT USD AND YOU HAVE A PROGRAM RATE OF 1166?

12-25-2014   Intel/Newshound Guru Poppy3  [It seems very strange that all of the news...has made it clear that the budget will be done before the end of the year and now...they take a 2 week break?]   THEY WERE TOLD BY JAFARI AND ABADI THEY WOULDN'T BE ANY BREAKS OR HOLIDAYS OFF TILL THE JOBS BEFORE THEM WAS COMPLETED...MEANING THE BUDGET AND HCL ETC AND THEY HAVE SAID THEY WHERE BREAKING SEVERAL TIMES BUT THEY HAVE NOT TAKEN ANY TIME OFF SINCE THEY WHERE TOLD THAT.   I SUSPECT THEY ARE EITHER STILL WORKING OR ALL IS FINISHED AND WE ARE WAITING FOR IMPLEMENTATION OR ANNOUNCEMENT.  ...I THINK ABADI WILL SHOUT IT IMMEDIATELY WHEN ALL IS DONE AND I ALSO EXPECT DR SHABIBI TO HAVE THE HONOR TO RELEASE THE RATE. 

12-25-2014   Newshound Guru sczin11   [so they have kicked the can on the budget down the road till the 7th of Jan. am I reading your news articles right on that...?]   YES U R READING CORRECTLY...I JUST DONT BUY IT THOUGH... JMHO...WHY BRING 228 MPS INTO EMERGENCY MEETING FOR FIRST READING DURING THEIR HOLIDAY RECESS, ONLY TO ADJOURN UNTIL 2 WEEKS LATER...AFTER THE RECESS IS OVER?

12-25-2014   Newshound Guru Adam Montana   [Is the possibility of Shabibi coming back as the Central Bank Governor good or bad for our investment?]  Shabs is a VERY smart man, and was very good at his job. If he were to come back to that position, the new GOI under Abadi is a different animal than what Shabibi had before. I don't think Shabibi was the reason for Iraq not RVing - if anything, he was held back by Maliki. That is no longer the case, and I feel like Shabibi could be a major asset to an RV.... so I'm going to say his return would be a good thing for us, but his return is by no means necessary for progress.

12-25-2014   Newshound Guru sczin11  OIL WAS $31/PER BARREL BACK DURING SADAAM REGIME, PRE INVASION, AND THEIR DINAR WAS AT $3.22 TO THE DOLLAR.

12-25-2014   Intel Guru Frank26   Iraq’s Parliament Calendar only has 1 item scheduled for the entire month of December. That is the Budget on Thursday.

12-25-2014  Newshound Guru Adam Montana   Abadi continues to impress. He's accomplished more in less than a year than his predecessor did in almost a decade. We have a budget! It's reasonable to say the least, giving Iraq a LOT of wiggle room even with these low oil prices. We have cooperation! The Erbil agreements are exactly what we want to see, the Kurds are happier every day, and the country is working together.  ISIS continues to be pushed out, and I think by next week I may not even need to mention them again. I'll sum this up in a a few short words: We can't be far off now.

12-25-2014   Intel Guru TNT Tony   Iraq says they are making an announcement tomorrow ‘at the eleventh hour’. They will do a vote on the 2015 budget and it will got into effect immediately.  We don’t need the budget for the RV because it was in the 2014 budget.  It is already done, that is just the announcement time.  It’s looking very positive for you all to have a great Christmas in the sense that this is over and happening, not necessarily money in your hand.  You can celebrate Christmas on Friday, Saturday, or any day in the future now that the money is coming through.  Iraq itself has put out the statement on their television that this is happening “at the eleventh hour on the 25th".   Once we see the budget, the rate is in that and we should be able to go from that point. I’m excited!  I can’t wait to see what will happen and what I wake up to.

12-24-2014   Intel/Newshound Guru Poppy3  SHABIBI-CLAUS IS COMING TO TOWN ...THEY NEED TO GET OUT OF HIS WAY AND LET THE MAN TURN HER LOOSE. 

12-24-2014   Intel/Newshound Guru tman23   Earlier today in Iraq, the banking call center hours were taken down...These hours a few weeks ago were extended from 3:30pm closing to 11:30pm... Today [Tuesday] the hours of operation came down...3 centers now operating 24hrs a day....As of today.  Confirmed!

12-24-2014   Newshound Guru sczin11    THE DIFFERENCE TODAY, VERSUS LAST YEAR AND THE YEARS BEFORE...WE HAVE A SEATED GOVERNMENT NOW, THAT DOES NOT INCLUDE MALIKI AT THE TOP... FIRST JUBOURI WAS RACING TO GET THE HOUSE IN ORDER, THEN ABADI AND MASAUM CONTINUED THE RACE...WE HAVE NEVER HAD LAWS PASSED AND WRITTEN AT THE SPEED THEY ARE NOW...AS A MATTER OF FACT, JUST THE OPPOSITE...THEY SAT ON DESKS FOR YEARS AND YEARS...GLOBAL BANKS DIDNT OPEN IN THE COUNTRY...GLOBAL COMPANIES WERENT JUMPING IN...EMBASSIES OPENING UP...QATAR, SAUDIA ARABIA, KUWAIT...YES THE COUNTRY IRAQ DESTROYED 23 YEARS AGO...THEY ARE ON BOARD...THEY ARE BROTHERS... THEY SHARE A PIPELINE...THE NEWS IS FAST AND FURIOUS!  

12-24-2014   Intel/Newshound Guru Poppy3  MERRY CHRISTMAS RICH FRIENDS...ALL IS AWESOME IN DINAR LAND. WE ARE LOOKING VERY GOOD AND EVERY SOURCE AND ALL NEWS HAVE ALL COME INTO ALIGNMENT AND UNLESS SOMETHING DRASTIC HAPPENS BAD WE SHOULD BE SEEING THE PROMISLAND WITHIN THE NEXT 10 DAYS OR LESS.

12-24-2014   Newshound Guru Millionday   [does the budget have to be made law and appear in the Gazette?]  THE ANSWER IS YES...THE WAY THEIR LAWS ARE MADE "LAW" IS THAT THEY READ IT TWICE AND VOTE AND THEN THEY ARE LAW BY PRINTING THEM IN THE GAZETTE --- EVERYTHING WILL BE DONE ALL AT THE SAME TIME...THEY WOULD BE ABLE TO HAVE ALL LAWS VOTED THROUGH AND THEN HAVE A MASSIVE PRINT IN THE GAZETTE THAT WOULD KEEP THEM FROM BEING AGAINST THEIR OWN LAWS IN GOVERNMENT OPERATION -- BUT THAT IS MY THEORY OF HOW THEY COULD ACCOMPLISH THIS...  [post 2 of 2]

12-24-2014   Newshound Guru Millionday   THE BUDGET IS TO BE VOTED THROUGH ON THE SPOT ON >>>THURSDAY<<<MERRY CHRISTMAS!  [ if the budget is done thurs does that mean fri is our day?]  NO --- IT MEANS THAT THE BUDGET WILL BE DONE AND IRAQ WILL BE READY FOR MONEY TO BE DISBURSED TO ALL PROVINCES FOR CONTRACTS...NO ONE KNOWS THE DATE OR THE RATE.  [post 1 of 2...stay tuned] 12-24-2014  *** Dinar Guru Newsflash ***  We are nearing a guru consensus...they agree, Shabibi,the former governor of the Central Bank of Iraq, has been cleared of all charges filed against him by former PM Maliki and will be reinstated as CBI governor shortly...Additionally, gurus are reporting and articles align that the COM has passed the budget and have forwarded it along to parliament...it will arrive on their desk for a vote/discussion on Thursday (Christmas day)!  Stay tuned as guru reports come in.  [Latest guru updates will continue to be posted below...]
12-23-2014   Newshound Guru sczin11   [ IM NOT SO SURE THEY WILL VOTE THURSDAY THEY HAVE TO FOLLOW PROTOCOLS AND THAT MEANS THREE READINGS.]  it is normally 2 readings and a vote, and we are not sure of the current status, as they have read previous version, before sending back to COM, so that may count, and MOST OF ALL, REMEMBER, WE DONT NEED THE BUDGET FOR THE RV...THE REVERSE, IMHO, IS TRUE, THOUGH!

12-23-2014   Intel Guru Mnt Goat   I have to tell you this entire budget bill is now in warp drive in Iraq. I do believe they will pass this law prior to or around Christmas day 12/25...speaker of the House Jubouri has stated they will not leave this current session until it is done.  After the bill has passed the House, they plan to pull the trigger on the RV, then hold their reconciliation meeting and announce to the world the New Iraq is OPEN for business.  So here is the game plan in the USA as told to me by my UST contact - If the USA supports the RV, they will then begin the group exchanges on or around Friday 12/26 and continue up to New Years day Jan1st.  If you have not yet gone out and purchased your bottle of champagne. I would do it now and get it chilled and ready!  ...all indications now are we are back on track to see the 800# and begin group exchanges later this week with the final RV rollout then  taking place in early January 2015.

12-23-2014   Intel Guru EXOGEN   WEALTH MANAGERS FROM WELLS FARGO HAVE BEEN CALLING PEOPLE TODAY SAYING WE NOW RECOGNIZE THE CURRENCIES YOU HOLD ARE REAL...EXCHANGES COMPLETED TODAY IN PA, WITH DONG AT $1.68 AT WELLS FARGO BANK.  WELLS FARGO IS NOW EVEN OFFERING TO BUY BACK THE VND FROM CUSTOMERS AND DO VND EXCHANGES NOW AT SOME LOCATIONS...WE HAVE CONFIRMED 1 COMPLETED DONG BUY BACK TODAY AT WELLS FARGO AT $1.68...WELLS FARGO WEALTH MANAGERS ARE NOW SAYING SORRY, WE JUST GOT OUT OF A MEETING AND SOME OF THE CURRENCIES YOU HOLD ARE NOW RECOGNIZED AND WE WANT YOUR BUSINESS...TODAY HAS BEEN SO WILD.

12-23-2014   Newshound Guru sczin11  WE NOW HAVE MULTIPLE CONFIRMATIONS... THE 2015 BUDGET HAS BEEN APPROVED BY THE CABINET, COM, COUNCIL OF MINISTERS, AND HAS BEEN SENT TO THE PARLIAMENT, GOI, HOUSE OF REPRESENTATIVES FOR....READINGS AND VOTE. OR. JUST VOTE!!

12-23-2014   Newshound Guru Kaperoni    I think it is important that we all realize the true scope of this investment and the responsibilities of the CBI.  That is why I often post multiple views and opinions (to the dismay of others).  The truth is, stability is important and until they can prove to the IMF they can sustain that, we are in for a wait.  But again, we have no control, no impact and all we can do is watch and wait.  Iraq still has so much to do.  Laws, laws and more laws, and they need to end a war, and they need to create stability in monetary policy.  No short cuts here.

12-23-2014   Intel Guru DC   [via Already Blessed]   Article:   "HaiderAlAbadi: Cabinet approves draft federal budget for 2015 Act and referred to the House of Representatives"   THEY DID THE HARD 1/2 LAST NIGHT AND ARE WORKING ON THE REST AS WE SPEAK. REMEMBER...THEY HAD TO HAVE A RATE FOR THAT BUDGET!  AND THEN THE PARLIAMENT IS TO APPROVE IT ON THE SPOT ON CHRISTMAS DAY.

12-23-2014   Newshound Guru Stryker   The Council of Ministers has passed the budget and sent it to parliament for a vote and Thursday seems to be the target date for the parliaments extraordinary session.  We will soon see if they can really pass it before the new year and if so, does it hold the key to the revaluation of the dinar? I sure hope so because the RVQ [RV?] will follow!

12-23-2014   Newshound/Intel Guru Eagle1   You know how we have heard WF [Wells Fargo] put out that they were not involved with this...put out this noise to the public... And they have clamped down on personal bankers and anyone working in the banking system that tried to talk about it...Today [Monday] I have from two separate sources within WF that they will be announcing officially "tomorrow" a reversal of that status! The fact that WF is going to reverse that status, they're also indicating that this thing is " imminent" and they're preparing their people for it...They've taken some steps today that I am not at liberty to talk about that only magnify the significance of that change.

12-23-2014   Intel Guru Bulldog75   [Do you think (or feel) that we won't make it to the bank til Jan or Feb 2015?]   IMHO, IT WILL BE JAN 3 OR AFTER AT THE BANK...EARLY JAN 2015.  WE ARE WATCHING HISTORY BEING MADE AT THIS VERY MOMENT IN TIME.

12-23-2014   Intel/Newshound Guru tman23   What comes first...The RV or the ribbon cutting ceremony at the new CBI headquarters with Shabibi cutting the ribbon?  The news coming out is nothing short of spectacular...But we all knew it would be!

12-23-2014   Newshound Guru Agggiedad77  Oil Minister Mahdi states that Iraq will use the drastic reduction in oil prices as a springboard to strengthen the Iraqi economy in the long run...he claims they are feeling now stress from the current prices...one must wonder if there is no stress...what are they expecting to happen to provide revenue for their country...perhaps a shift in the MR. ( Monetary Reform).

12-23-2014   Intel Guru MarkZ     We stay on the never ending razors edge of done... It is close but I doubt anyone will be at the bank before Jan 2nd. There is SOOOOOO much going on. 12-22-2014   Intel/Newshound Guru tman23   I think we are in a WHITE HOT time frame...so now is not the time to walk away on a dinar break because of the holidays...keep alert and know your game plan options... It just might be that quick!

12-22-2014   Newshound Guru tlm724   Article:  "A source in the prime minister: Shabibi will return to his central bank governor"   [Guru] BondLady feels that there is a very good chance we will see him re-instated as the gov of the CBI and I agree with her...   This is historic! The right players are in the right positions now or about to be! Abadi is playing like a chess master, he has his men lined up exactly where he wants them and at any moment he will say "check mate".

12-22-2014   Intel Guru TNT Tony   Everything was scheduled to start on Saturday morning for us to be at the bank on Monday morning. It has been delayed two, ten or 24 hours, we don’t know.  But everything got fixed and they’re getting ready to do it.  It should be only a few hours...  All week we’ve been hearing ‘this is it”.     I’m feeling excited;  tomorrow we’ll be over the top! 

12-22-2014   Intel Guru DC   It was supposed to be done and initiated late last week.  It was not, because of several minor issues and a certain lack of communication by all parties. That is being solved. They wanted a few last changes in the budget to make Iraq stronger, and Iraq said they would get it done...they are to present the budget tonight... They anticipate it will pass, and everything will be fine, and that will allow the RV to continue.   To summarize, we believe Iraq got more updates, they are still working on this as we speak and expect to get it finished tonight.   Let’s hope and pray this is done!

12-22-2014   Intel Guru Mnt Goat    Dr. Shabibi is Back!  My sources in the CBI have constantly told me that Dr Sahbib would retake the helm of leadership in the CBI prior to any decision to pull the trigger on the RV.  I see now we are very close.  I know for a fact the USA demanded Shabibi be reinstated as the head of the CBI to see this RV through.  I think we are still in a very good window to see the RV announcement at the beginning period of the new year. If you have not yet gone out and purchased your bottle of champagne. I would do it now and get it chilled and ready...!   We are only 9 days remaining till 2015.

12-22-2014   Newshound Guru Administrator Bob   Over the weekend banking news was the topic of discussion as several articles surfaced that indicated the Iraq Dinar Market Rate in Iraq was sliding out of IMF Article VIII compliance. This appears to now be true and is a setback for monetary policy. On the heals of just one week ago the acquittal of former Deputy Governor of the CBI Saleh today came the announcement of the acquittal of former Central Bank Governer Sinan al-Shabibi and further news stating he will return soon to the CBI.

12-22-2014   Newshound Guru sczin11   PRAY ITS TRUE! The plan wasnt delayed...cancel cabinet vote on budget today, announce acquittal of charges against the GOOD DOCTOR AND REINSTATE HIM AS GOVERNOR OF THE CBI!  THE PLAN IS COMING TO FRUITION! AN HONEST EDUCATED BUSINESSMAN, ONE OF THE FIRST AND ONLY TO STAND UP TO THE FORMER PRIME MINISTER, IS FREE! ON THE DAY HE WAS TO START HIS SENTENCE OF 7 YEARS.  THE SAME DAY THE CABINET WAS TOUTED TO DEAL WITH THE 2015 BUDGET...NO WAY!  NEED DR. SHABIBI BACK IN THE HELM OF THE CBI, HE WROTE THE PLAN, HE KNOWS THE PLAN, HE IS CONNECTED WITH THE IMF, HE IS LIKED BY ALL...WE CANT PASS THE BUDGET WITHOUT THE REALITY RATE READY TO GO! YOU THINK IRAQ IS READY NOW?

12-22-2014   Intel/Newshound Guru tman23  .256/.257 and so I am told sits between the back pages...I don't favor posting numbers and these seem quite large...but then again, the latest news had also been sitting between the back pages for some time...they just decided to make it front page news.  [can you tell me what the numbers mean...you posted?]   1 divided by .256 = $3.90...Which is quite large IMO...But be on the lookout for a short window of 10 days with a reinstatement rate with a cap on amount accepted at exchange...followed by the lifting of the zeros at the new year...Not saying this is the protocol, just saying be alert!

12-22-2014   Newshound Guru Millionday   ONE OF THE THINGS THAT WILL BE A HUGE SIGN TO INTERNATIONAL ACCEPTANCE IS THE RETURN OF IMPORTS AND TRADE OF COURSE...    IRAN HAS ANNOUNCED THROUGH CUSTOMS, IMPORTING WILL BEGIN AGAIN THROUGH THE BORDERS TO IRAQ FOR TRADE.  [Did they say when they would start importing?]   NOT A DATE NO BUT THIS IS AN ANNOUNCEMENT TODAY.  [considering the new global trade news...do you think we will go to the new year without a rate?]   I DONT KNOW ABOUT THE TIMELINE BUT INTERNATIONAL TRADE REQUIRE A REALITY RATE FOR FAIR TRADE AND COMPLIANT GLOBAL MARKET TRADE.

12-22-2014   Newshound Guru sczin11   Press Release:  "Iraqi judiciary decided, on Monday, the release of the former Central Bank Governor Sinan al-Shabibi and acquitted of the charges against him, as well as the release of the former Minister of Communications Mohammed Allawi."  Dr. Shabibi IS FREE!  This IS THE BEST OCCURRENCE IN RELATION TO THE CBI RELEASING A TRUE VALUE TO THEIR CURRENCY, I HAVE SEEN SINCE THE DOCTOR WAS RELIEVED OF HIS DUTIES AS GOVERNOR OF THE CBI SEVERAL YEARS AGO.  it was HIS PLAN INITIALLY, HE HAS THE SMARTS! HE IS THE CONNECTION IRAQ HAS TO IMF! HE KNOWS ECONOMICS...HE WILL BE THE TRIGGER! IMHO.

12-22-2014   Intel/Newshound Guru tman23   [...U STILL THINKING BY THE JAN 1?]   absolutely...and as stated a few weeks ago...Mahdi visted Shabibi in Switzerland...The NEW CBI is going to have a grand opening ribbon cutting ceremony...Shabibi " built this house"!

12-22-2014   Newshound Guru Millionday    [i think you said that the reality rate is with the payment of the dfi funds...?]  THEY STATED THAT THE DFI FUNDS WILL HAVE THE EXCHANGE RATE IN IT AS PLAIN AS DAY.  THE FACT THAT THEY HAVE STATED THEY ARE WORKING AROUND THE CLOCK TO HAVE THE BUDGET IN PLACE BEFORE THE END OF THE YEAR-- WOULD SAY TO ME THAT IS THE ONLY THING OTHER THAN IMPLEMENTATION ACCORDING TO...A FORMAL DOCUMENT FROM THE IMF DIRECTLY.  [post 2 of 2]

12-22-2014   Newshound Guru Millionday    THE BUDGET IS ACTIVELY BEING DISCUSSED AND BEING COMPLETED.   THEY ARE WORKING TO KEEP THEIR PROMISE/GOAL.  THE BEST PART >>> It is said that the Deputy Prime Minister by Araji announced on Saturday (20-12-2014) that the general budget will be adopted, transmitted next Monday.   SO...WE WILL SEE IF IT IS HANDED OVER.   [are you still of the mind that the reality rate is with the 2015 budget?]  ...THE REASON I SAID THAT WAS DUE TO A REPORT WE HAD THAT STATED THE THREE ZEROS WERE NOT PART OF THE 2015 BUDGET.   [post 1 of 2....stay tuned]

12-22-2014   Intel Guru Frank26   [Is this something we should be concerned with? Being that they are now outside of the 2% IMF compliance spread between the market rate and the CBI rate?]   IMO...No.  Pressures of The Market causes the rate to fluctuate in a negative way.  Besides, IMO, 2% will kick in once the RI/ RV has been permanently established.  IMO, This 2% is among a long Conga line of things waiting for a new rate ...Just like You and I.
12-21-2014   Newshound Guru sczin11  all this continued talk about FLOAT, MANAGED FLOAT...FIXED, VARIABLE, ETC...EVERY CURRENCY IN THE WORLD TRADES ON THE CURRENCY MARKET, AKA FOREX!  just LIKE THE STOCK EXCHANGES, FOREX TRADES ARE BASED ON A BID /ASK OR BUY/SELL RATE...THE RATES CHANGE WITH EACH BUY ORDER AND SELL ORDER... THEY ARE CONSTANTLY GOING UP AND DOWN...ALL THE EXCHANGES HAVE AUTOMATIC HALT MECHANISMS THAT STOP TRADING ON A STOCK OR COMMODITY OR CURRENCY, IF DAILY CHANGE IS MORE THAN A CERTAIN PREDETERMINED per cent depending on the particular exchange rules. THE RATES FLOAT, NO MATTER HOW YOU LOOK AT IT...

12-21-2014   Newshound Guru Kaperoni   [Market rate at 1217 today , Dec 21.]  ...bad news. Guess Article VIII is a ways away. All we can do is wait and see what the CBI says during the month of January after parliament starts passing laws.  A Market Rate of 1217 is way out of compliance to around 3.5%.  So what that means is we lose compliance and the last 20 days.  Clearly, until the CBI can hold within 2% as required under Article VIII no exit is coming.  This is a setback no matter how you look at it.  There is a real chance we are not going to see anything with the dinar for several months or longer.  Sorry for the bad news. 

12-21-2014   Newshound/Intel Guru BGG  Iraq is showing a sense of urgency and being accountable to the "world powers" - IMF, WB, etc, etc...  [THINGS MOVING FAST IN DINAR WORLD?]  big time.

12-21-2014   Newshound Guru Millionday   LET ME SAY SOMETHING... ABOUT THE RATES...THERE ARE RULES AND COMPLIANCE WITH THEM...IF THEY COME OUT AT A MANAGED FLOAT THEY ARE NOT ABLE TO MOVE MORE THAN 2% IN EITHER DIRECTION.  THE PRICE OF THEIR CURRENCY IS AS A PRODUCT.  IT HAS TO BE PRICED FAIRLY AND SOLD HONESTLY.  A MANAGED FLOAT WOULD MAKE MORE SENSE WITH ENTRY TO THE GLOBE AS THEY ARE AND THE ENTRY TO THE GLOBE WILL BE AT A RATE OF VALUE THAT IS NOT IMPOSED BUT WILL BE A REALITY RATE...HOWEVER DUE TO THE MASSIVE CONTRACTS -- I CANT IMAGINE NOT HAVING IT AT A MANAGED FLOAT MEANING HELD BY 2% IN EITHER DIRECTION.

12-21-2014   Intel/Newshound Guru Poppy3   ...KUWAIT RAISED THEIR RATE TO JUST OVER $9.00 FOR 6 DAYS TO QUALIFY FOR THE LOAN...ONCE THE PAPERS WHERE SIGNED THEY DROPPED IT BACK TO $2.83 AND IT HAS NOW RISEN TO $3.58.   THATS WHY I TELL PEEPS TO STAY VERY ALERT BECAUSE THE TIMING CAN BE VERY IMPORTANT. THEY MAY HAVE CHANGED LAWS SINCE THEN TO PREVENT THIS HAPPENING...ONLY TIME WILL TELL.  [post 2 of 2]

12-21-2014   Intel/Newshound Guru Poppy3    ...UP UNTIL ABADI TOOK OVER AND ALL THE DISCOVERIES OF FRAUD, THEFT, MURDERS, ETC. AGAINST MALIKI, IRAQ WOULD HAVE NOT NEEDED A LOAN BUT THEY HAVE NOW PLACED THEMSELVES IN THE SAME POSITION AS KUWAIT AND NOW HAVING TO GET A LOAN MAY BE BENEFICIAL FOR US PERTAINING TO THEIR INTRO RATE.   [post 1 of 2....stay tuned]

12-21-2014   Intel Guru Bulldog75   IMHO, WE SHALL SEE THE SWEETNESS OF LIFE AND HOW WONDERFUL LIFE IS, VERY SOON. THE NEW YEAR IS A NEW LEASE ON LIFE.  NUMBERS ARE NOT REALLY IMPORTANT AT THIS POINT. BUT IF YOU REALLY MUST KNOW, 3.33-11.11 ARE PRETTY GOOD.

12-21-2014   Newshound Guru Kaperoni   Article:  "Central Bank: We support the private sector continuing to provide foreign exchange requirements"   Quote:  "He called on the International Monetary Fund and the Central Bank of Iraq to take measures towards the gradual liberalization of foreign exchange offer through auctions held by the Bank in order to ensure non-recurrence of turmoil experienced by the financial market in the past year."   ...sure sounds to me that they are gearing up for Article VIII...CBI release.

12-21-2014   Newshound Guru sczin11  Iraq has NEVER STOPPED PUMPING OIL! Let us not mix up, quantity of oil pumped, with the strength and power Iraq is, in relation to the rest of the world! Oil is traded in petro dollars, NOT Dinar.  We are seeing much news and blame on NO BUDGET, DUE TO WORLD OIL PRICES! I SAY, BS!    DR SHABIBI STATED A LOT OF THINGS, MOST IMPORTANT IN MY MEMORY WAS OIL NOT CRUCIAL FOR OUR GLOBAL MARKET.
Read more: http://www.dinarguru.com/#ixzz3N0rPxX6z

12-20-2014   Intel/Newshound Guru Poppy3   BEEN REVIEWING THE NEWS FROM THE LAST FEW DAYS. ...WE ARE ABOUT TO SEE THE RESULTS OF ALL THE WAITING AND ALL THE UPS AND DOWNS.  HOPE YOU ARE ALL READY FOR THIS EVENT...AND BY THE WAY THEY ARE IN NUMEROUS MEETINGS TODAY IN IRAQ SO ANYTHING CAN HAPPEN.

12-20-2014   Intel/Newshound Guru Backdoc   WITH OIL FINDING A BOTTOM FOR NOW, MAYBE IRAQ WILL SETTLE ON A RATE FOR THEIR BUDGET, THEN THEY CAN EXIT STAGE RIGHT, RIGHT INTO A NEW RATE!

12-20-2014   Intel Guru TNT Tony     Everything we were expecting on Friday and Saturday has been completed, positioned.  We are just waiting.  I will tell you he (Guru DC) is excited.  Absolutely think this thing will come to pass this week. .   If nothing changes we should have a super fantastic Christmas.  We don't know the exact moment...hour...Everything is super positive. Absolutely everyone is preparing for you to exchange next week.  Dinar Rate as of this morning is $3.58.  Rupiah unchanged at $1.05.  Rates set at all the banks. Iraq has authority...Should be sometime over this weekend.

12-20-2014   Intel Guru Jester   [It may actually happen!! If you hear it i believe it's possible!]   IT IS NOT POSSIBLE... IT IS INEVITABLE...IS ONLY A MATTER OF PATIENCE AT THIS TIME... IT HAS GIVEN ME A CERTAIN SENSE OF CALM TO KNOW WE ARE IN THE RIGHT PLACE IN THE RIGHT TIME AND WHEN IT COMES WE ARE DONE...WE ARE CLOSE I BELIEVE...  I AM TOLD EVERYTHING IS READY TO GO... JUST WAITING ON THE TIMING...WHEN I AM TOLD EVERYTHING IS READY... FROM SEVERAL PLACES AND WITH ...INFO COMING IN FROM PLACES THAT IT DOES NOT USUALLY COME IN FROM.... THEN I AM CAUTIOUSLY OPTIMISTIC THAT THINKS ARE ABOUT READY TO ROLL...   [post 2 of 2]

12-20-2014   Intel Guru Jester   NO ONE... AND I MEAN NO ONE... HAS BEEN PAID ONE RED CENT YET... THERE ARE PLENTY OF PEOPLE THAT WERE PROMISED PAYMENTS... AND THEY TOLD PEOPLE THEY WERE DONE... BUT THEY WERE NOT... THEY NEVER GOT THE MOOLAH... THEY MAY BE HOLDING SKR'S OR WHATEVER... BUT THEY HAVE NOT GOT THE MONEY TO BUY A STARBUCKS YET...THE FIRST OF THE YEAR IS COMING UP FAST... REMEMBER WE SAID THE LAST TIME WE HAD TO SWITCH DOMINOES THAT THE FIRST OF THE YEAR TO THE 15TH OF JANUARY LOOKED GOOD...  SO KEEP YOUR EYE ON THE BALL HERE...  [post 1 of 2....stay tuned]

12-20-2014   Newshound Guru Millionday    THEY ARE GOING THROUGH THE CURRENCY TO BE PREPARED.  THE DAMAGED WILL BE TAKEN OUT AND REMOVED WITH THE OLDER AND TORN ONES FOR CIRCULATION.   CBI IS COMPLETELY READY.   ...SALEH STATED THE BEGINNING OF THE YEAR IS THE BEST TIME FOR ALL CALCULATION AS WE ALL KNOW.  [sounds like we will have 4 years to exchange...?]   WITH THE UN APPROVING THE KUWAIT AGREEMENT ON THE POSTPONE WE NOW SEE THAT FOUR YEARS MAY BE THE TIMELINE FOR THE EXCHANGE GLOBALLY WITH THE DINAR EXCHANGE.  [post 3 of 3]

12-20-2014   Newshound Guru Millionday   THEY ARE WORKING FAST ON GETTING ALL LEGISLATION IN PLACE TO ACTIVATE THE BANKING FOR THE PRIVATE SECTOR THAT IS NEEDED FOR THE COUNTRY`S ECONOMIC ENTRY TO THE GLOBE AND ITS PRIVATE SECTOR...THIS IS EXPECTED AND VERY IMPORTANT.  [Given the price of oil, is it still realistic to think that this will happen before the end of the year?] THE PRICE OF OIL HAS BEEN TAKEN INTO ACCOUNT WITH THE BUDGET AND ALL TO DO WITH THE ECONOMIC REFORM IN IRAQ AND ALSO IN KUWAIT ETC.   I DONT HAVE A DATE OR RATE.   [post 2 of 3....stay tuned]

12-20-2014   Newshound Guru Millionday   THEY ARE NOW MOVING THE REALITY OF THE IRAQI  DEVELOPMENT AND MOVING ALONG WITH ALL IN THE WAY OF IT BEING DEPENDENT OF ALL IN ITS DEVELOPMENT -- THIS IS MEANING THE ACTUAL LEGISLATION FOR THE ECONOMIC REFORM FOR IRAQ AND ITS ADVANCEMENT...THIS IS MAJOR.   [ i feel like we've heard this before, is this majorly different now?]   THEY ARE IN A COMPLETE DIFFERENT POSITION THEN THEY HAVE EVER BEEN -- WITH THE APPROVAL OF THE UN FOR THE KUWAIT DEBT CHANGE AND THE MANY REFORMS READY TO GO.   [post 1 of 3....stay tuned]

12-20-2014   Intel/Newshound Guru Poppy3    I AM SO EXCITED NEWS FOR THE LAST MONTH GAINING STRENGTH IN WHAT WE ALL WANT ALONG WITH EVERY OFFICIAL SOURCE SAYING THE END IS UPON US WITHIN DAYS. 

12-20-2014   Newshound Guru Kaperoni     It has been stated that the dinar is "grossly undervalued" by various economists inside and outside Iraq.  That being said, the proper term is a "correction" to the rate once the CBI moves to Article VIII and a new Exchange Regime.  So yes, we certainly could see some sort of "correction" occur that would bump the dinar.  What that "correction" is I have no idea.  Keep in mind through, that the CBI uses their tools to control inflation within Iraq..one of which is raising the value of the dinar.  So as investment capital comes into Iraq, economic activities increase, etc.  the CBI will raise the value of the dinar to counter the inflationary pressure created.  [post 3 of 3]

12-20-2014   Newshound Guru Kaperoni     [...would this also rule out even the thought of a lop?]  ...it certainly seems that way...yes.  ... over the last few years many have asked why would they do that?  for one...Banks are in this to make money.  And the process of floating a currency includes the central bank daily buying and selling blocks of currency (in this case dinar).  So to me it would make no sense to RV, since the CBI can make a lot of money off commission as the dinar rises.  As well, Saleh stated some time ago, that the dinar would be held around the world for a very long time.  This clearly implies our dinar eventually will find its way into the forex system and will eventually end up in various central banks around the world...Who will use the dinar (as it rises) to solidify their own currency and economies.  [post 2 of 3....stay tuned]

12-20-2014   Newshound Guru Kaperoni  Article:  "Central Bank's (et): there is no corruption in the process of switching the currency"  ...if any kind of "overnight RV" was in the works they would not be issuing new large 3 zeros replacements.  This article goes to prove there is no "overnight" event this month, next month or even longer.  What it does say is...we are replacing the notes so our citizens have some nice dinar to use for many months to come.  Which IMO supports a gradual appreciation!  ...when it comes down to the exact details of currency reform nobody knows until it happens, but this investment is much more than one event.  [post 1 of 3....stay tunewd] 12-19-2014   Newshound/Intel Guru BGG    Obviously - they are trying to figure out what to do about oil prices - it will be a simple solution in the end. They will have to up production. Abadi knows it - this will stress the new agreements with the Kurds. However - they have to move forward.  It's not that complicated...   It may work directly in our favor... If they thought they might delay an emergency RV - these big deficits caused by oil prices might well force their hand.  thing is - Iraq will face their need to amp up production soon...and they are the 9000 lb gorilla in the room.  Once they get going - it will really drive prices down...all of which is good for us.  there have been several (at least five different ones) plans discussed. I doubt the CBI has even settled on exactly what they intend to do.  Personally - I want to be "in", prepared and ready for whatever comes our way.

12-19-2014   Newshound Guru sczin11   Interesting Observation... SISTANI, THE RELIGIOUS SPIRITUAL LEADER OF MANY IN IRAQ, AND WELL RESPECTED BY THE HIGH POWERS IN GOVT, HAS CALLED FOR THE BUDGET TO BE PASSED, AND OTHER SOURCES OF REVENUE, BESIDES OIL, BE PURSUED! HISTORY HAS SHOWN, THAT WHEN HE SPEAKS, ACTIONS USUALLY FOLLOW!

12-19-2014   Intel/Newshound Guru Backdoc   SO I ASK YOU, DOES THAT SOUND LIKE THEY WOULD DO A FREE FLOAT STARTING WITH .10 OR .30?  DEFINITELY NOT!  THIS WOULD DISRUPT BUSINESSES WITH RATES CHANGING MINUTE BY MINUTE AS WELL AS THE INCREDIBLE DAMAGE IT WOULD DO TO THE CURRENCY BY DEVALUING IT BY DESTROYING THE NOTE COUNT!  WE MAY NOT SEE A BIG NUMBER OUT OF THE GATE BUT CERTAINLY OVER A DOLLAR IS RATIONAL TO ENCOURAGE THE CITIZENS TO USE THEIR NEW HIGHER PURCHASING POWER!  [post 2 of 2]

12-19-2014   Intel/Newshound Guru Backdoc   LOOKS LIKE THEY ARE IN A HURRY TO COMPLETE ALL THE LAWS AS THEY SAID IN ONE BASKET!  WITH ALL THE ARTICLES CONFIRMING THAT COUNTERFEITING WAS NOT A SERIOUS PROBLEM AND THAT WE WOULD HAVE AT LEAST 4 YEARS TO EXCHANGE CONFIRMS THE COUNTLESS ARTICLES WE HAVE SEEN IN THE PAST THAT OUR CURRENCY WILL HAVE FACE VALUE!  IN YESTERDAYS ARTICLES THEY ALSO MENTION THAT THE CURRENCY CHANGES WILL OCCUR IN STAGES, SO AS NOT TO DISRUPT THE CURRENCY'S STABILITY AS WELL AS MAKE IT A SMOOTH TRANSITION FOR THE CITIZENS AND BUSINESSES!   [post 1 of 2....stay tuned]

12-19-2014   Newshound Guru Tlar   Iraq opens for Global business with new laws Jan 1st.  The thing that will bring all this together now is the currency.  The coming announcement eluded to the fact that it would be historic and tie all the economic plans, programs and institutions together.  Name anything else other than the currency that could achieve this effect.  Iraq becomes a donor country a year late, Jan 1st.  Other things to consider - The IMF said their work is done in Iraq.  The IMF is the  guardian and sheriff of world currencies.  Iraq will definitely be better served by showing true value verses an arbitrarily low start rate.  I think the CBI would be better served starting at this time to open what ever they determine true value is at this point.  The 2008 strategic study suggested they could support $1.13 when they were producing only 1.5 MBPD and the reserves were in the low 30 billion range.  Alot has changed since then.  Even with the present problems in the country I am sure these 2008 numbers no longer apply.  I still believe the reality rate will be north of $3.00.   [post 2 of 2]

12-19-2014   Newshound Guru Tlar   Things to consider when thinking about an intro rate. The GCC goes live Jan 1st.  When Iraq becomes an active member in the GCC, the rate of the Iraqi dinar will be instrumental in trade. The budget goes live Jan 1st.  The COM and parliament aren't arguing or discussing the budget.  They are in agreement on  everything which is why the HCL has also been agreed upon.  Until there is a rate we won't see the budget passed.  The HCL goes live Jan 1st.  The Kurds and Bagdad have said in articles its done just waiting passage.  ALL the hard issues that have separated them are resolved and it has also been published to go into effect on Jan 1st here in our papers.  [post 1 of 2....stay tuned]

12-19-2014   Newshound Guru My Ladies   ...THE POSSIBLE TIME LINE FOR HCL OF JAN 1 2015 AS REPORTED IN THE WASHINGTON POST AND AL MONITOR IN IRAQ, AND WE SAW ABADI ON TV TALKING ABOUT A HISTORIC EVENT TAKING PLACE THAT WAS TO BE LIKE NONE OTHER SINCE 2003.   ...WE HAVE TO AGREE THAT A RATE CHANGE IS RIGHT UPON US.   WE ARE SEEING TIME LINES BEING MET, THE GOVERNMENT PROGRAM BEING FOLLOWED, THE CENTRAL BANK CLEANING HOUSE; THE GOVERNMENT BANKS HAVE NEW ATM’S AND NEW CARDS WITH SIM CHIPS AND ARE READY TO DISTRIBUTE THEM. WE SAW THE CBI SAY YET AGAIN THEY HAVE ALL THE ELECTRONIC SYSTEM IN PLACE TO DELETE THE ZEROS AND THEY ARE SET TO GO TOO.  YES IT CERTAINLY DOES LOOK LIKE CLIMATE IS GOOD FOR THE FINAL STEPS OF THE MONETARY REFORM.  THE BUDGET IS SCHEDULED FOR MONDAY AGAIN, AND WE MAINTAIN THEY WILL NOT OPEN IT UNTIL THE CBI POSTS A RATE.

12-19-2014   Intel Guru EXOGEN   HERE IS WHAT IS INTERESTING.  FOR IRAQ TO BE IN THE MANUFACTURED BAD SHAPE THEY SAY THEY ARE THEY SURE ARE MOVING SLOWLY ON INCREASING THE VALUE OF THE CURRENCY AND OPENING THE BUDGET...OR HAVE THEY ALREADY OPENED THE BUDGET AND ARE USING THE SUPPLEMENTARY BUDGET AS A NEW MANUFACTURED EXCUSE AS DIRECTED BY AOP/PTB.  NOTE: ALL KURDISTAN SALARIES WILL BE PAID ON SATURDAY.

12-19-2014   Newshound Guru Enorrste    Prior to the Saddam Hussein regime, in the early 80s, the dinar was worth $3.22 and it was internationally recognized.  When Saddam took over, the currency was no longer recognized internationally.  He held the value at about $3.50 per dinar but it was not "real".   Then, after he was deposed, the UN reduced the value to 4000 dinars per dollar to "defund" Al-Quaeda.  It has since come up from 4000 to 1 to the now 1166 to 1.  The CBI stated in 2007 that its intention was to return the value to what it was prior to the Saddam regime.  They said it was a 5 year project.  Then in 2010 they re-iterated the plan with the expectation that it would be implemented beginning 2012.  Maliki threw a poker into the "plan" and stopped it.  Now that he is gone the CBI is prepared to implement the plan, which includes an eventual RETURN to a PREVIOUS real rate of at least $3 per dinar.   I don't make these things up.  I have the original articles...

12-19-2014   Guest Guru Hocus Pocus   [...what's going on in the sandbox?]   i had a nice chat with the barber today...he was talking to his brother in iraq...and seems there is some interesting news being broadcast at fairly often intervals about iraq soon to have a more valuable currency...he seemed to be pretty excited about it.  he told me last week that a lot of the vendors would like to have dinar as payment more that dollars now.  they think something is up to want the dinar more now in anticipation i suppose.  he sure is thinking that things are moving the right direction. Up to now he has been saying yeah whatever.

12-19-2014   Newshound Guru Tlar    I personally believe and have always believed they would have to make an announcement the evening before the day of, or just hours before they change the currency.  This announcement would naturally have to be well publicized in order to remove as much risk as possible vendors taking advantage of the population, so there will build up to this announcement maybe calling it an "historical event" or other catch phrase.  It would have to get everybodies attention.  This was one of Shabibi's major concerns is vendors taking advantage and on the day the value changed an unwitting Iraqi still paying 1000 dinar for that apple.  [post 2 of 2]

12-19-2014   Newshound Guru Tlar   We know the CBI is not waiting on the budget.  They have told us that with or without the budget being passed, they will do this when they feel the time is right.   We also know that laws are important but laws are political and new laws will be being introduced, modified and changed for eternity.  So I don't believe we are waiting on any law at this point.  The HCL has been reported as done as far as everything that was needed to be agreed to by both Bagdad and Erbil, and will be implemented Jan 1st  as has even been reported in our Washington post.  So what's the hold up?  It is my belief...that there is no hold up.  The CBI IMO has made a strategic decision to open the new rate on or just before the first of next year to be active with the new budget.   They were so close to the new accounting period they decided to wait.  [post 1 of 2....stay tuned]

12-19-2014   Intel/Newshound Guru Poppy3    I DON'T THINK THERE IS A DATE...I DO BELIEVE THEY HAVE CERTAIN THINGS TO SATISFY THE PERCEPTION OF STABILITY TO THE CBI AND WHEN THEY ARE SATISFIED BAM THEY WILL RELEASE WITHOUT FANFARE OR WARNING.  ...NO ONE WILL KNOW ANY DEFINITE TIME OR DATE PRIOR TO THE RELEASE PERIOD. THIS IS FACT--- LESS THAN 5 PEOPLE IN AMERICA WILL KNOW THE RATE AND DATE ONLY 15 TO 20 MINUTES PRIOR TO IT BEING KNOWN GLOBALLY AND THIS IS FACT PERIOD.  ...THESE PEOPLE ARE MEMBERS OF THE TOP MANAGEMENT OF THE UST, IMF AND MINISTER OF FINANCE ALL GOVERNMENT OFFICIALS AND IF THEY ARE CAUGHT LEAKING IT THEY ARE IN HUGE TROUBLE.  THESE PEOPLE DON'T PLAY GAMES.  [post 2 of 2]

12-19-2014   Intel/Newshound Guru Poppy3   ...NO GUARANTEE BUT PAY VERY CLOSE ATTENTION TO THE DATE OF DEC 22 FROM THREE DIFFERENT PEOPLE.  I AM CAUTIOUSLY OPTIMISTIC BECAUSE WHILE KNOW IT IS VERY POSSIBLE WE CAN'T GET TOO EXCITED ABOUT RUMORS EVEN WHEN THEY COME FROM VERY GOOD POSITIONED SOURCES.  I WILL BE VERY SATISFIED WITH HEARING A SOLID RATE AND NOT CASHING IN TILL THE BEGINNING OF JANUARY.  I PLACE ZERO ATTENTION TO THE OIL PRICES EFFECTING THE RATE BECAUSE...THE OIL PRICES PER BARREL WHEN SADDAM HAD THE DINAR RATE AT $3.22 WAS JUST @ 31.00 A BARREL.  DOESN'T EFFECT THERE INTRODUCTION MARKET RATE.  [post 1 of 2....stay tuned]

12-19-2014   Intel Guru TNT Tony   [via AlreadyBlessed]   ...JUST GOT ALL THE UPDATES AND...SUPER EXCITED!  ...THIS SHOULD BE A GREAT WEEKEND!!

12-19-2014   Intel Guru Frank26   Budget... HCL and many laws ... Payments in dinars... Etc all are ready ... They only WAIT for implementation!

12-19-2014  Newshound Guru Kaperoni   Article:  "The Ministry of Finance postpones cabinet discussion of the special budget session"  Really IMO no surprise here. The CoM knows more than likely they couldn’t get MPs to return and get a quorum until Jan anyway. Look for the budget to be approved near the end of the month.

12-19-2014   Newshound Guru Enorrste   ...the street rate and official rate must be within 2% of each other PRIOR to allowing Iraq to move from Article XIV to Article VIII.  This is a fundamental pre-requisite to making that move to Article VIII...  The fact that the CBI concurs that it is doing what is necessary to get into compliance is also very encouraging.  To me this is an indication that we are "coming down to the wire."  I do not believe they will be allowed to move to Article VIII prior to completing the 90 days of stable currency.  Having said that, however, I still hold out the very real possibility that they will begin the float prior to moving to Article VIII.  This only makes sense, because, as I noted earlier, once they float the currency then the official rate and the street rate become identical.  I am cautiously hopeful that the float could begin in mid or late January.

12-18-2014   Newshound Guru tlm724   Press Release:  "The Governing Council of the United Nations Compensation Commission, under the Presidency of Australia, held a special session today to consider the issue of the level of Iraq's contributions to the Compensation Fund."   Iraq got their wish...they got their one year.   This one year reprieval frees up a ton of dough and takes some of the pressure off of Iraq!  I'll bet money that Zebari and the gang are like whew now lets get that budget passed.  ...it's great news.

12-18-2014   Newshound Guru Enorrste   Article:   "Deletion of zeros in 2014 .. project is ready and implementation of a deferred..."  I don't think that KAP [Guru Kaperoni...see post below 12-18-14]  believes that Shabibi was ever going for a LOP.   I agree with KAP.  There was an original plan that got massaged into the current plan, which is to float the currency, go to Article VIII, and let natural market forces drive up the rate of the dinar.  The issue is when they will begin the float.  I can see in this article that there are forces asking for initiation as early as next year, 2015.  That was the CBI and parliamentary position as recently as a few months ago.  The others who are calling for a 4 year delay are not in a position to make the final decision.  I still think all of the forces are in play for a rollout early next year.

12-18-2014   Newshound Guru Administrator Bob   Article:   "Deletion of zeros in 2014 .. project is ready and implementation of a deferred..."  I think what Kap [Guru Kaperoni...see post below 12-18-14] is saying is there is no way to say with absolute certainty the original plan to delete zeros is to our financial benefit. Following monetary policy that allows a countries currency to appreciate based on real factors such low inflation, productivity growth, economic and political stability makes more sense in the long run and would provide absolute assurance that we would profit significantly.

12-18-2014   Newshound Guru Kaperoni    ...there is clearly two plans.  It was stated so in mid to late 2012.   Since, there was also subsequent confirmations from various articles and such...we can say with certainty there is..."the original plan" and the new..."gradual appreciation (float) plan."  The result could very well be the same, only the method is different.  No way to know for sure.  That being said, I personally want to see the second plan which is to see it rise based on forces (removing the larger notes, etc. as the value increases).  [post 2 of 2]

12-18-2014   Newshound Guru Kaperoni   Article:   "Deletion of zeros in 2014 .. project is ready and implementation of a deferred..."    Let me just express my thoughts on this...and I am sure it get some all up in arms...I am still not 100% convinced that this delete zeros is a good thing for us. And I believe the reference (in other articles) to "monetary illusion" confirms that Shabibi may want to LOP or redenominate. Some articles even said, the people don't want this for there currency but want a strong currency that reflects the true nature of the countries wealth and investment. That being said, I think that is why they keep "kicking the can down the road" on this project. The bank may want it, but if they can get the contracts in place, the laws in place, the process can be what the IMF states "gradual appreciation based on the Balassa-Samuelson effect" rather than a redenomination (monetary illusion).   ...I would rather not take the risk of what this is or isn’t. I would rather see what is correct and that is the dinar rise based on the market forces, investment, and economic growth (even if it takes 3-4 more years to achieve a good rate) than take a risk that this is some kind of reward for us.  [post 1 of 2....stay tuned]

12-18-2014   Intel Guru EXOGEN    IRAQ JUST THREW A MISDIRECTION CURVE BALL WITH THE SUPPLEMENTARY BUDGET AND EVERYBODY WAS LOOKING FOR THE MAIN 2015 BUDGET.  SO TO DO A SUPPLEMENTARY BUDGET WHAT DOES THAT MEAN?  [You have to have something passed in order to "supplement" it.]  CORRECT.

12-18-2014   Newshound Guru Mailman17   IRAQ HAS BEEN PEGGED FOR THIS RV FOR A LONG TIME.  ALBEIT IRAQ HAD A HELL OF A CLEANUP TO DO AS IN CORRUPTION AND MONETARY AND ECONOMIC STABILITY, BUT THEY ARE DONE. THE PTB HAS HAD THIS PLANNED AND IT WILL GO FORWARD, AND NO LITTLE 2% STIPULATION IS GONNA STOP IT. THE IMF HAS IN PRINT SIGNED OFF ON IRAQ. IRAQ HAS MADE THE LAST HURDLE TO TRUE SOVEREIGNTY AND THEY SHOULD TAKE THE STAGE TO THE WORLD JAN 1.   PEOPLE SHOULD FOCUS ON MORE THAN 1 ARTICLE AND LOOK AT THE WHOLE PICTURE.  LOOK AT ALL THE PIECES TO THIS PUZZLE.  IMO...WE ARE DONE...THEY WILL DEAL WITH MALIKI AND THE OTHERS DOWN THE ROAD BUT THEY ARE NOT THE PRIORITY RIGHT NOW.

12-18-2014   Newshound Guru wmawhite    ...just a reminder that ALL prohibitions against Iraq and the assets of the Central Bank of Iraq were terminating on May 17, 2014.   Here is some of the text:   QUOTE:  “The President signed an Executive Order (E.O.), “Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended,” terminating the prohibitions contained in Executive Order 13303 of May 22, 2003”  Terminating the Prohibitions, meaning that all financial prohibitions that have prohibited Iraq from conducting their own financial transactions have been lifted. Iraqi is now free to re-enter the world markets. Banks worldwide are now able to conduct financial instrument transactions, transfer companies may now be approved to work directly with the CBI, Article IV and Article VIII of The Article of Agreements should now be completed or soon will be.  ...the important part of this announcement was that it was published via the Office of Foreign Asset Control... (OFAC)...these are the folks that tell our financial institutions who they can do business with.

12-18-2014   Intel/Newshound Guru tman23   The Qi card holders are being told that they will be able to use them in ATM's outside Iraq "soon"...I am following activities but news is all vanilla...IMO we are in the moment of any day now!!  IMO I will be red hot ready between the 27th and 1st if it doesn't show itself sooner...I am expecting that if Iraq is to go international that they will initiate the change the last week of December...And before New Years opening markets.

12-18-2014   Newshound Guru Millionday   THE MEETING WITH THE UN ON THE KUWAIT MONIES WILL BE DONE TOMORROW [THURSDAY].  THE BUDGET WILL GO TO PARLIAMENT ON THURSDAY... AND WE HAVE THE CALL FOR ALL REFORMS TO BE ACTIVATED.   WE WILL SEE WHAT COMES FROM THE MANY MOVES WE SEE COMING DOWN THE PIPE WITH THE STOCK MARKET AS WELL.

12-18-2014   Newshound Guru Adam Montana    [With the price of oil crashing at this time, how is this going to effect any RV that most are expecting over the next few months?]   The price of oil has dropped dramatically, and it will definitely affect the potential rate for Iraq. In the past I had entertained the possibility of an RV higher than my .10 analysis, but at this time... I don't think that's possible. With oil prices so low, at .10 they can come out swinging strong, but at $1 they would be teetering precariously... and that's not what the CBI will do.  Now, this might seem wrong to people at first glance... so read this next bit with an open mind.  The GOOD thing is that oil won't stay low forever. Gas prices will rise. YES, that's a good thing. And when that starts happening, Iraq's profits will rise, and the value of the IQD will follow suit.  You see where I'm going with this?

12-18-2014   Newshound Guru Mailman17   IF IRAQ HAS BEEN PEGGED TO GO ON THE 1ST OF JAN...THEN THEY WILL...PERIOD. AND THAT IS EXACTLY WHAT THE INK IS TELLING US. IF ANYONE CAN SHOW ME AN RV THAT HAS HAPPENED OF THIS MAGNITUDE...THEN SHOW IT, DONT BOTHER LOOKING...ITS NEVER HAPPENED EVER. WITH THE FILS IN PLACE AND SMALLS RIGHT BESIDE THEM I ALSO EXPECT A FIXED RATE UNTIL STABILITY THEN THEY CAN FLOAT IT ON THE MARKET. AND FROM WHAT I SEE...A  1 - 1 HAS BEEN THEIR GOAL FROM DAY 1 AND ALWAYS HAS BEEN.  [post 2 of 2]

12-18-2014   Newshound Guru Mailman17   FIRST OFF...THE CBI HAS NEVER DONE ANYTHING LIKE WHAT WE ARE SEEING DONE WITH IRAQ. IMO...THE 2% RULE IS ONLY A GUIDELINE AND NOTHING MORE.  IRAQ HAS ALREADY PROVED FOR YEARS THEY CAN MAINTAIN A STABLE RATE WHILE KEEPING INFLATION IN CHECK. AND THAT IS THE ONLY THING THE IMF WAS WORRIED ABOUT. THIS KIND OF RV AND WEALTH TRANSFERENCE HAS NEVER HAPPENED IN HISTORY, SO THE 2% RULES MEANS NOTHING IMO.  [post 1 of 2....stay tuned] 12-17-2014   Intel Guru TNT Tony   [via Adept 1]   They have taken the vote on the budget, and the Council of ministers approved the economic reform last night.  Everything is planned to be announced before Friday morning, and the citizens should enjoy the weekend because Sunday is a holiday in Iraq.  It has been announced on television, and said that Iraq’s economy will be better than since 2003, with the largest economic reform in Iraq – “this will go down in history”.    It could go at any  minute from this point onward – everyone has been given the green light, they are ready and going through their final checks. They had their last meetings last night, everything has been completed and announced.

12-17-2014   Newshound Guru sczin11     Article quote:  "The concerned authorities have begun to take the process to grant the visa, "Visa" electronic investors and foreign businessmen in order to facilitate their entry into the country, the process, and an end to the obstacles that encounter in which the subject of the complaint as long as it has steps."   This may very well be the best news we have seen today, and maybe ALL WEEK! Yes!!! Issuing VISAS TO INVESTORS, ELECTRONIC VISAS.

12-17-2014   Intel Guru DC   There have been last minute changes to the rollout plan... is what we understand right now.  This IS subject to change – everyone remain flexible.  Right now, they have planned this:  let’s say Iraq goes tomorrow or Friday. The US would then put the word out very discreetly at the banks and through a few dinar gurus. We will send out the 800 numbers for the banks...We are in high alert, everyone is there, and Iraqi television is still scrolling that they are expecting this now.  Everyone has been given the green light on both sides of the pond. They are in agreement and I’m pretty excited and you should be, too.   [post 2 of 2]

12-17-2014   Intel Guru DC  [via Adept1]   ...in Iraq, there are lots of things scrolling on news reports, saying that Iraq will have the biggest economic reform since 2003, and it specifically says that falling oil prices will not affect this.  It will happen in the next few days;  they will bring out the budget and complete economic reforms. They are anticipating this at any moment there...Security is ramped up at the CBI;  banks have been training since Monday.  They were told to be ready at any time from now for the next couple of days, coordinated with the CBI, the PM, and international teams...they are saying in the bank and CBI meetings that “the US has given the green light” and that “they have freed all constraints” because Iraq has “completed all marks”.  [post 1 of 2....stay tuned]

12-17-2014   Newshound Guru sczin11  If too much information were given out before the D DAY EVENT, it would be like insider trading... one has to presume, by the time Ink hits, more has happened beyond what appears on the surface... just like by the time pres obama announces we are sending troops in, they are already there...

12-17-2014   Newshound Guru MyLadies   WE GO ON TO LOOK AT ALL THE ACCOMPLISHMENTS IRAQ HAS MADE IN JUST 100 DAYS. ABADI HAS BEEN STICKING TO THE GOVERNMENT PROGRAM THEY DREW UP IN AUGUST AND IRAQ IS REALLY SHAPING UP AS A COUNTRY AS THEY ARE ACHIEVING GREAT SUCCESS PROVIDING A STABLE SECURE IRAQ.  WE FEEL THAT WE ARE FINALLY NOW IN THE BEST POSSIBLE POSITION TO SEE A RATE CHANGE.  ...WITH ALL OF THINGS THEY HAVE ACCOMPLISHED THEY CAN NOT GO MUCH FURTHER WITH OUT AN INTERNATIONAL STAGE... I THINK WE CAN SEE THE RATE CHANGE ON THE NEAR HORIZON. THINGS ARE REALLY HEATING UP AND WE HAVE JUST 2 WEEKS UNTIL WE HIT THE FIRST OF THE YEAR.   [post 2 of 2]

12-17-2014   Newshound Guru MyLadies   HERE WE ARE ON THE DOORSTEP OF 2015 AND ALL THAT IS HAPPENING.  FOR STARTERS WE HAVE SEEN THAT HCL IS TO BE IMPLEMENTED FOR JAN1,  AND NOW WE SEE [AN] ARTICLE TALKING ABOUT ECONOMIC REFORMS AND THE GOVERNMENT PROGRAM AND IRAQ TALKING ABOUT IT AS THE MOST SIGNIFICANT ECONOMIC EVENT IN MODERN HISTORY SINCE 2003.  THOSE ARE VERY POWERFUL WORDS. THEY GO ON TO SAY THIS EVENT WILL BE COVERED BY ALL ACTIVITIES UNDERTAKEN BY THE PRIVATE SECTOR.  WONDERFUL NEWS AND POSSIBLY A TIME LINE WE CAN FOLLOW.  THE NEVER ENDING BUDGET SAGA MIGHT ACTUALLY END IN COMING DAYS. THERE IS SUPPOSED TO BE AN EXTRAORDINARY MEETING OF THE COUNCIL OF MINISTERS TOMORROW TO VOTE ON THE BUDGET AND THEN SEND IT TO PARLIAMENT, SO LET’S SEE WHAT HAPPENS WITH THAT.  [post 1 of 2....stay tuned]

12-17-2014   Intel Guru TerryK   WELL IM PRETTY EXCITED.    WHAT DAY HAVE I TOLD YOU THAT IS MY FAVORITE DAY?  THURSDAY IS MY DATE.

12-17-2014   Newshound Guru Enorrste   The difference between "may" and "must" have to do with two different things.  The CBI "must" get the street rate within 2% of the official rate.  Once that is done, however, the street rate "may" fluctuate +/- 1% as long as it stays within 2% of the official rate.  Remember, no one wants a "dirty exit" from the current exchange rate regime to a float, nor from Article XIV to Article VIII.  These are both "one way streets" and the IMF is insistent that  proper preparations be made PRIOR to acting.   The simple fact is that the IMF has done this many many times and they know what is necessary for a successful transition.   ...KAP [Guru Kaperoni]  found a specific statement that says that the CBI MUST do some certain things before they will be ALLOWED to make the transition.  This means that, behind the scenes, even though Iraq is sovereign, the IMF is really running the show.  They will guarantee success, and for that we should be patient and grateful!

12-17-2014   Newshound Guru Tlar   Article quote:   "Yasser incumbent few days and folded the public pages of "2014" to remember later that the government program was the most significant economic event in Iraq's modern history"     ...this is something to watch.  My belief is that they are going to do it closer to the end of the month but who knows.  They are ready, able and it just could be that they are willing to do it now... a few days is better than in the next phase, or soon, or some other foolish lead.  The next few days to me means they will make an announcement of some kind that they themselves say is historic, sometime this week ending in Sunday the 21st.  

12-17-2014   Intel/Newshound Guru tman23  Few INTERESTING FACTS...The top 2 in order for the Kurds to participate in the GOI were  #1 The Federal Court Act.  #2 The HCL Agreement.  The Kurds demands had to be made good on by the end of December.  Another interesting fact is Barzani was made a permanent member of DAVOS (economic forum). One of Barzani's open words in media and to Baghdad ..."The Kurdistan region will not deal in the 3 zeros"...AND the ESX will not open and be dealing in the 3 zeros.  Yesterday an agreement was signed between Gorran and PUK on governing the city of Sulaimani.  The city has not had any operating "ports" for Qi card withdrawals and banks were held back on cash transfers.  The agreement opens the door now that the agreement is complete...And note: all before the END of DECEMBER.

12-17-2014   Intel/Newshound Guru Poppy3  GLORY!!! GLORY!!! GLORY!!! RATE IS COMING!!! SANTA - RATE IS COMING TO TOWN...REMEMBER EVERYONE BACK IN 2003 OIL PRICES WERE IN THE $60.00 DOLLAR RANGE SO NO WORRIES ABOUT THE RATE DROP EFFECTING THE INTRO MARKET RATE.

12-17-2014   Newshound Guru Millionday    THEY ARE STATING THAT THE YEAR OF 2015 WILL BE REFLECTIVE OF THIS GREAT ECONOMIC EVENT AND THE PROGRAM UNITES ALL THE ECONOMIC VISIONS.   THE PRICE OF OIL WILL NOT STOP THE EVENT AND THEY ARE MOVING FORWARD.  SO THEY HOPE THE PRIVATE SECTOR WILL SUCCEED AND ARE MOVING TO A MARKET ECONOMY...  [Does this mean not till 2015?]  NO THIS DID NOT GIVE A DATE BUT SAID WITHIN A FEW DAYS.  [Have they ever said "a few days" ever?]  ...NO THEY HAVE NEVER SAID THAT.   [post 2 of 2]

12-17-2014   Newshound Guru Millionday   THIS NEWS IS AMAZING...  Article quote:  "Yasser incumbent few days and folded the public pages of "2014" to remember later that the government program was the most significant economic event in Iraq's modern history, being the first program after the year "2003" which meant economic affairs in a manner covering all aspects of the weaknesses and the way to address them and select the path of development true in the future."  THEY ARE SAYING THAT WHAT IS HAPPENING IN A FEW DAYS WILL GO DOWN IN HISTORY AS THE FIRST ECONOMIC EVENT DESERVING SINCE 2003.   THIS WILL ALL BE ON THEIR NEWS AND THEY ARE TALKING ABOUT THE GOV PROGRAMS AND HOW GREAT THEY ARE ECONOMICALLY.  [post 1 of 2....stay tuned]

12-17-2014   Newshound Guru Kaperoni     Until the CBI can show that they can comply with Article VIII (and hold it for 90 days), how in the heck will they ever be able  to avail themselves from Article XIV to Article VIII? This is not an economic opinion or view that falls under some "disclaimer,"  it's an IMF rule...Simple as that!   I am also sure that the IMF's rule/requirement is posted in numerous places throughout the IMF website when referencing Article VIII compliance ...what is imperative is that the CBI must be in 2% compliance. The Article IV Consultation is very specific and explicit when it talks to the CBI about this issue.   As a result of the CBI not being able to get in compliance until Nov, they will not be able to request to exit XIV until at least Feb 28 or so. I am not saying they will request then, just that they cannot ask until then.  On a side note...was said on TV Monday in regard to the dinar...that nothing will be done until next year.  Which supports this information.

12-16-2014   Intel/Newshound Guru Backdoc  Article:   "Ebadi calls to speed up passage of the budget next year"   WITH AN UNKNOWN BOTTOM IN OIL, THE PARLIAMENT WILL BE MOTIVATED TO PASS THE BUDGET AND OPEN THE MARKET ECONOMY TO DIVERSIFY REVENUES QUICKLY!

12-16-2014   Newshound Guru sczin11   ...no budget today, emergency meeting by COM, on thursday, but, they did approve a few laws to go to GOI.    ...pre 2003, oil at below $40, USD EXCHANGE AROUND 87 Cents, MORE OIL NOW, MORE BEING PURCHASED BY WORLD NOW, MORE TOURISM, SO WHATS THE PROBLEM HERE, WE ASK? IS THERE A PROBLEM, INHO, NOT! RIGHT ON SCHEDULE AS PER THEIR PLAN!  ...looks like BY JAN 1, is what they are gearing for.

12-16-2014   Intel Guru Bulldog75   Our sleigh ride appears to end shortly after the New Year. The wonderful numbers appear to be a base of 3.33, and rise to 11.11, depending on one's timing, location and group. 

12-16-2014   Intel/Newshound Guru Backdoc   WE HAVE EVERY REASON TO BELIEVE AN INTERNATIONAL RATE WILL ARRIVE ON TIME TO START THE YEAR OFF RIGHT!  AS THEY STATE, THEY ARE READY TO ACTIVATE THE AREAS OF THEIR ECONOMY!  THEY ARE MORE THAN READY TO GO!!!

12-16-2014   Newshound Guru Millionday THEY ARE TO MEET ON ALL AMENDMENTS OF THE BUDGET ON TUESDAY OR BEFORE DEPENDENT ON HOW FAST THEY HAVE IT COMPLETE FOR DEFICIT CALCULATED CHANGES --- REMEMBER THE CALL FOR THE ACTIVATION OF LEGISLATION MEANS IT IS DONE AND ABLE TO BE ACTIVATED -- ALL GOOD NEWS.  WE KNOW THAT THE GOVERNMENT PROGRAMS AND THE BUDGET ARE EXPECTED TO BEGIN IN THE BEGINNING OF JANUARY AND THEY INVOLVE MANY INTERNATIONAL CONTRACTS.

12-16-2014   Newshound Guru Aggiedad77   Article:  "Finance Committee: 2015 budget to parliament table end of this month"   A member of the Finance Committee is quoted as saying Parliament will get the budget for 2015, "later this month"  ...does that mean on Thursday of this week, or one day next week...who knows...but I don't see the process being drawn out into early 2015 at this point...they just need to get their hands around the price of oil for 2015.

12-16-2014   Newshound Guru Tlar   You could make the argument that the 2% rule itself was the reason they did not RV on the dates they wanted to.  But those who have watched this soap opera might take this view differently as the facts of the Maliki's involvement with this independent body from trying to muscle it,  trying to raid it, from using the Judicial branch against it, to trying to discredit it, all in an attempt to loot it, was the true root cause of no RV until now. Rules are meant to be bent in cases where the benefits of doing so are greater than the deficits of doing so.  I also firmly believe that this project is late.  When Christine Lagaurd gave her speech in January she suggested 2014 would see monumental improvements to the world economy.  So far that prediction has not come to pass.  Once again, I feel Iraq may be partly to blame having taken much longer to rid itself of the dictator than the international community thought it would and to unwind the mess he had created.  Just my thoughts...   [post 2 of 2]

12-16-2014   Newshound Guru Tlar   If at 2% rule for 90 days is all important for Iraq to change the value of their currency, what did the IMF mean when they implied that their work with Iraq is done given they supposedly are only one month into a three month requirement?  Based on...how difficult under the present monetary system it is to hold at 2% for an entire month let alone 90 days, one could almost assume that the IMF statement could mean they have  "given up" on Iraq based on their history.  We know this isn't true. Iraq has set a few dates when they thought they might RV only to pull back IMO because of  the Maliki governments pressure.   At the end of last year we know that the finance committee had let it slip that Turki had intended to delete the zeros in January of this year (2014).  I speculated at the time that that leak caused a run on the banks as Iraqi's tried to get their dinars into a cash position.  Either way, the CBI was not in compliance with the 2% rule.  [post 1 of 2....stay tuned]

12-16-2014   Newshound Guru Millionday   WHEN THE BUDGET IS DONE AND SENT TO PARLIAMENT THEY PLAN ON HAVING A ECONOMIC REFORM MEETING WITH MANY EXPERTS AND OFFICIALS -- HUGE NEWS.  THE PREVIOUS GOV HAD A JOB TO DO AND THAT WAS TO HAVE THIS BUDGET READY MUCH SOONER -- THIS IS CAUSING PROBLEMS AND THEY HAVE HAD TO ADJUST ANYWAY -- SO THEY WILL BE DISCUSSING THE MANY INVESTORS AND ALSO THE CHANGES PROMISED AS THEY APPLY THEM FOR THE COUNTRY --- THIS HAS BEEN PROMISED BY THE END OF THE YEAR...IRAQ IS ON THE VERGE OF AN IMPORTANT AND STRONG ECONOMIC SITUATION.  WE ARE AND THE CITIZENS WILL BE SEEING MANY ANNOUNCEMENTS TO DO WITH THE CHANGE COMING AS IT HAPPENS.

12-16-2014   Intel Guru TNT Tony   [via Adept1]   Good news.  We are still in the window.   People who work in banks and other places have been notified.  We know there was a significant agreement made in Iraq over the weekend.  We are actually good and just waiting...things are in motion.  Everything is looking positive.  All weekend we heard this was going forward.  [what are your true feelings on this going through?  How confident do you feel about what is going on right now?]  Based on everything we have...I’m feeling 90% that it could happen.  There was obviously a big event over the weekend that is pushing this forward, plus Abadi went on television on Saturday saying this is happening now.  So I am feeling really good, and feeling it might happen in the next 24 hours.

12-16-2014   Intel Guru DC  [via Adept1]   Everyone is still exactly where they need to be in-country, with all the teams still there helping. Abadi, CBI and other politicians are saying they are doing the economic reform now, and tweets put that out over the weekend. Abadi gave several speeches over the weekend about the economic reform being in process.  The same is being put on out on radio and television... The latest information we have is that three items came up at the last minute that the UST wanted.  All very credible sources in and outside Iraq said that three banking laws needed to be finished up before they could announce the budget and the rate.  Also, three regulations needed to be announced in a public way.  Finally, there were three compliance issues to be announced. Then we heard yesterday that all these should be cleared up today [Monday] and publicly announced.
 Nobody is going on vacation until this is done...So we understand everyone in Iraq is...all ready to get these issues resolved right away. ...they are working on all of them, and consensus is that it will go immediately after that. Everyone across the world is now expecting this.

12-16-2014   Intel Guru WILDDUCK   NO MAGIC NO ILLUSION. JUST PROGRESS AND TIMING ON THE WORLD'S BIGGEST EVENT.  THEY CANNOT GO DOWN TO BARNES AND NOBLE AND PICK UP A COPY OF GLOBAL CURRENCY RESET FOR DUMMIES. SO THIS MUST PROGRESS BASED ON REAL WORLD EVENTS AS THEY UNFOLD. WE ARE IN A GOOD PLACE THIS MORNING. MAYBE NOT THE PLACE BUT WAY BETTER THEN LAST YEAR. PATIENCE IS A GOOD THING.  THERE IS ONLY ONE CHANCE TO GET THIS RIGHT THE FIRST TIME.

12-16-2014   Newshound Guru Adam Montana  [Do the Iraqi's use the dinar for their daily use or do they use the USD ? And if it IS the dinar, is it the same as the dinar that we are holding? And What is the possibility that they might decide to print another dinar at the time of an RV creating our worst fears...a worthless piece of paper?]  They use both USD and IQD. I am not concerned at all about them printing new notes that would render ours "worthless", simply because they need the world's support in order to RV. They can't do it alone... so we will be the lucky ducks riding the coattails of the big dogs.
12-15-2014   Intel/Newshound Guru Poppy3  ...ACCORDING TO MANY NEWS ARTICLES THE BUDGET AND COMPLETED HCL WILL BE IN PLACE NO LATER THAN JAN 1.

12-15-2014   Newshound Guru sczin11 OH, BTW, THE MARKET RATE HAS NOT BEEN AT 1190 OR LESS IN A VERY LONG TIME... IS THE 90 DAY STABILITY, WHEN THE CBI REPORTS SATURDAY AUCTIONS, USUALLY ON SUNDAY, THEY DO NOT REPORT A MARKET RATE FOR THE SATURDAY AUCTION...SO WE HAVE NO IDEA WHAT THE IMF LOOKS AT FOR THAT ONE.   AND BTW, FOR ALL OUT THERE WHO DONT FOLLOW CURRENCY/STOCK/COMMODITY TRADING...A L L   F L O A T!   THEY ALL HAVE A BID AND ASK PRICE.. BUY AND SELL PRICE... ALL OF THEM.. NO EXCEPTIONS..  [post 2 of 2]

12-15-2014   Newshound Guru sczin11   IMF 2% Spread...I do not have the exact wording of this requirement, but, if we are to assume it does exist, simple math should prevail. The problem is, IMHO, we do NOT know which rates are being used to come up with this per cent spread. If we use 1166, the imposed rate, as the operational rate, and the market rate as published almost daily by the CBI ON THEIR WEBSITE, CBI.IQ, and we divide 1197, current published rate, into 1166, we get 2.6%, NOT 2%!  This is the same percent spread the IMF mentioned in the last release, a few days ago.  ...what rates are being used for this calculation?  Why is below 1200 market rate, the BINGO NUMBER?  Am I missing something here? [post 1 of 2....stay tuned]

12-15-2014   Newshound Guru Millionday    THE CALL HAS BEEN MADE FOR THE LEGISLATION TO GO GLOBAL WITH THE DINAR RATE INTERNATIONALLY AND THE LEGISLATION TO ENTER GLOBAL SYSTEM STRUCTURE.  WHOOOPOW!  [...if they wouldnt be releasing the rate soon after establishing a rate, why bother calculating it? Right?]  RIGHT -- THE REASON LISTED HERE IS TO MOVE FORWARD WITH CONTRACTS WHICH ARE DOMESTIC AND INTERNATIONAL -- THEY ARE TALKING GLOBAL SO WE WILL WAIT TO SEE ACTION.   [post 2 of 2]

12-15-2014   Newshound Guru Millionday   Report quote:  "Hashimi  demanded economic academic Dr. Majid Baidhani strengthening the peg to a basket of world currencies to distract the global financial crisis effects and the fluctuation of the dollar exchange rate in the economy of Iraq."   THIS IS THE CALL TO CALCULATE THE DINAR EXCHANGE RATE FOR THE INTERNATIONAL CURRENCY RATES AND TRADE OF COURSE.   THE CALCULATION WILL BE DONE TO THE BASKET OF CURRENCIES INSTEAD OF JUST THE DOLLAR DUE TO THE CHANGES THAT THE US DOLLAR IS INCURRING...THEY ARE STATING THAT THE CHANGES THAT HAPPEN AND CREATE AN UNSURE BALANCE COME FROM JUST BEING PAIRED TO THE US DOLLAR SO THEY WANT TO USE THE SDR BASKET SO IT IS MORE SECURE IN ITS RATE AND HELD AS WELL.  [post 1 of 2....stay tuned]

12-15-2014   Intel/Newshound Guru Poppy3   THE COUNTRY OF IRAQ RESOURCES CAN SUPPORT IN EXCESS OF $11.00 PLUS AND THAT FIGURE WAS FROM 3 YEARS AGO AND THEY HAVE DISCOVERED 2 MAJOR OIL FIELDS SINCE THEN THEY DIDN'T EVEN KNOW THEY HAD. 

12-15-2014   Newshound Guru Stryker   2015 Budget Update:  Prime Minister al-Abadi's office has confirmed that the committee in charge of the 2015 Budget draft will present it to the Council of Ministers in tomorrows Tuesday meeting. And they have added that it will not take longer than two meetings to get it to parliament.

12-15-2014   Newshound Guru Tlar   When the IMF indicated that their job with Iraq was done it got me to thinking.  The overall responsibility of the IMF is to referee world currencies and level the playing field, so it makes me wonder what they mean when the say this.  Personally I saw it as a small pat on the back that the IMF was giving themselves.  I think by now we can all agree Iraq is ready to delete the zeros and that that, is their end goal.  We can all agree that something is going to change otherwise why print the fils?  That would have been a huge waste of public money.  It is only the timing of this event that is disputable in my opinion. My money is on this happening whether all the legislation gets done before or not.  My money is on Article VIII happening when the value is introduced and not before. My money is on this happening whether the budget is done or not.  I would also like to say this is my opinion, not intel.  I think they would be foolish to let the momentum die by waiting another year.   [post 2 of 2]

12-15-2014   Newshound Guru Tlar   I think the move to article VIII will be in conjunction with the change in monetary policy.   I also think that all the laws albeit important, will fall when they fall and have at this time little bearing on monetary policy.  The economic draw to investors, IMO will be the currency.  The most important legislation, the budget, which sets the stage for economic development in Iraq, the CBI has already said that they will do it when the timing is right whether the budget is done or not.  It is worrisome to me that Saleh said the timing would be better in 2016 but Abadi seems desperate to get this economy going.  Personally at this point in the game, I think they would be crazy to hold this back another year.  They can pass all the laws they want and promise a better future to the people but without an international currency, what has really changed?  So my gut is telling me that for the new era to begin, they must now show their cards.   [post 1 of 2....stay tuned]

12-15-2014   Intel/Newshound Guru Poppy3  i have never wavered from my research and what the powers that be have stated the rate that was approved and even though they have had many new meetings with the imf not one cbi or imf official has ever stated a different rate.  In oct 2010 the IMF web site stated they had approved a new rate on DINAR of $3.22 plus up to 20% more for inflation since the war started. That means up to $3.86 at the highest.  Dr Shabibi whom never lied to us about anything stated they wanted to have a median flat rate they can manage for 24 to 36 months while they further grow their economy before going to a float.   

12-15-2014   Newshound Guru sczin11    [From what I've read, the 2% relates to the spread in any 90 day period within a managed float. It has nothing to do with what the initial rate is.]   B I N G O!   AND THE IMF DOCS I HAVE READ, HUNDREDS OF PAGES, CLEARLY STATE IRAQ SHOULD COME BACK WITH THEIR PRE SADAAM RATE OF $3.22, AND POSSIBLE COST OF LIVING ADJUSTMENT OF 20% INCREASE/HIGHER... AND OTHER REPORTS AND ARTICLES CLEARLY STATE THEY SHOULD BE CLOSE TO KUWAIT IF NOT A LITTLE HIGHER, AS THEY SHARE A PIPELINE AND HAVE TO BE BROTHERLY COUNTRIES.

12-15-2014   Newshound Guru OOTW  THE INFORMATION KAP [See GURU KAPERONI post 12-13-2014]  IS TALKING ABOUT IS FROM A PUBLICATION PUT OUT BY THE IMF IN 2006...AND YES I'VE READ IT FOUR TIMES THIS WEEK, IT DOES STATE THAT THE COUNTRY NEEDS TO STICK TO UNDER 2% PARITY FOR A CONSECUTIVE OF 90 DAYS.  THIS DOESN'T MEAN IT DOESN'T STILL HOLD TRUE...WE JUST DON'T KNOW ...EVERY EXCHANGE REGIME AGREED UPON WITH THE IMF IS [DIFFERENT] FOR EVERY COUNTRY.  [how many days has it been since under 2%?]  SINCE NOVEMBER 30.  WE'RE LOOKING AT END OF FEBRUARY IF AND I SAY IF THIS IS TRUE.

12-14-2014   Newshound Guru sczin11    WHAT WE DO KNOW IS THAT THE RAPID MOVEMENT OF NEIGHBORING AND FAR AWAY COUNTRIES TO SET UP SHOP IN IRAQ IS RAMPANT!  The participation of the globe in the war against ISIS is real!  The technological advancements are clear! the laws being read, and passed are vast!  the internal corruption is being cleaned up with full transparency!  and most significant to me, IMHO, the world is VERY involved with the BUILDING OF THE NEW IRAQ, FOR A REASON!  Folks, we are holding a life changing currency, and let no one tell you otherwise! THE SOVEREIGN, PROUD, RICH AND POWERFUL COUNTRY, WE KNOW AS IRAQ, WILL BE BACK IN THE HEARTS OF THE WORLD, AT SOME POINT IN THE FUTURE!   [post 2 of 2]

12-14-2014   Newshound Guru sczin11  WHERE ARE WE NOW!  I dislike a phrase I use often, however, it is SO appropriate when it comes to the event we all await;  "WE DON'T KNOW, WHAT WE DON'T KNOW!"  Each time we think we have a handle on the process, and it looks to be the trigger we await, we are hit with additional unforeseen news, of something new in the horizon that must be completed!  Are the banking laws completed?  are the investment laws resolved?  is the CBI rate of exchange in compliance with IMF requirements?  Is the country stable?  is the government stable?  is the CBI truly ready?  are the local banks all hooked up to the electronic systems? are the QI/Smart cards fully distributed?  are the ports all set up for the custom tariffs to be executed? etc... etc...The answer to these questions is.... We dont know, what we dont know!   [post 1 of 2....stay tuned]

12-15-2014   Newshound Guru Tlar    So with that in mind I believe we will see the monetary change between the 25th of Dec to the 31st. A new Iraq will go global on the 1st of January in my opinion and the currency is the icing on the cake.  I feel that they will not pass up this opportunity again.  I also think we will see a reality rate right out of the shoot.  I think the CBI is unwilling to shock their society but one time.  Not the two step process that they were asked to do.   They are on a mission to save Iraq.  They are about to do it if they stay the course.  Going global is a big part of their strategy.  They know there is no choice but to succeed.  Again this is my opinion.  According to the intel this should already have been done.  Change is about all you can expect in a violent storm.  Goals and targets are set. As frustrating as it is, they are the moving target.  I think this time they will get it right.  At least I hope so.    [post 2 of 2]

12-15-2014   Newshound Guru Tlar   I...am a firm believer that all the stalling, the stop and go, is over at this point.  I think that the basic holdup over the last month has been that they are so close to the new accounting period (Jan 1st) that they had decided to wait.  Through the years the CBI has said that the ideal time is to start on a new calender year so it would not surprise me if that is what they are going to do.  We know they are ready because they have said they were ready.  We know they have minted the fils because they told us they minted the fils.  We can assume that the smalls are printed because they just went through a major printing but so far have released only the replacement notes, not the new smalls.  We also know based on what the CBI told us that they will delete the zeros even if the budget is not done, but will do it when the time is right.  Then we just heard that the ATM'S will only be ready to do business when they delete the zeros, but are ready and in place...they can only go so far without a currency.  Can you imagine with all the new laws passed and getting ready to be passed along with a budget, that they would hold for another 12 months?  I personally think that it is the currency that will make it all come together.  [post 1 of 2....stay tuned] 12-14-2014   Intel/Newshound Guru Backdoc   SINCE THE BUDGET AND HCL ARE TIED TOGETHER A RATE MUST BE GIVEN TO COMPLETE THE AGREEMENTS!  WHATEVER RATE IS LAUNCHED CAN’T INCREASE THE NOTE COUNT DRAMATICALLY OR THEY WILL DESTROY ALL THE WORK THEY HAVE DONE IN THE PAST 6 YEARS ON REDUCING THE NOTE COUNT!   AN INCREASE TO THE NOTE COUNT WOULD DAMAGE THE CURRENCY’S VALUE!  THEREFORE A HIGHER RATE IN THE CURRENT CIRCUMSTANCES WOULD DO LESS DAMAGE TO THE CURRENCY!  WHAT BETTER TIME TO LAUNCH A CURRENCY WITH SIGNIFICANT VALUE WHEN CASH FLOW IS LOW AND MORE PURCHASING POWER IS NEEDED?    I CERTAINLY DON’T EXPECT UNDER A DOLLAR FOR STARTERS SINCE IT WILL DESTROY THE WORK ON THE NOTE COUNT!

12-14-2014   Newshound Guru Aggiedad77   Me personally, I am looking for some surprising actions by PM Abadi, but they may not happen until after the new year...and I'm ok with that for now...Abadi is thinking and working like the engineer he is...very methodical, check the answers and re-check before committing, sticking with the prescribed game plan, and when something like the issues with oil prices jumps up, don't over-react to it. Being of an engineering background myself, I like how this guy is operating and running things...for once I am not overly worried with their next actions.

12-14-2014   Newshound Guru sczin11  [new guru]  NOTE TO ALL.. JUST FOR REVIEW, AND FOR THOSE OUT THERE WHO TRULY DONT FOLLOW THE POLITICAL CHAIN OF COMMAND IN IRAQ...   ALL LAWS ARE BROUGHT BEFORE THE IRAQ CABINET, ALSO KNOWN AS THE COUNCIL OF MINISTERS, OR COM FOR SHORT FIRST, FOR APPROVAL...ONCE APPROVED, THE LAWS ARE PASSED TO THE GOVERNMENT OF IRAQ, ALSO CALLED GOI, WHICH IS THEIR PARLIAMENT... PARLIAMENT MUST READ EACH LAW 2 TIMES, AND THEN VOTE... ONCE APPROVED SENT BACK TO THE COUNCIL OF MINISTERS FOR ENTRY, WRITING, IN THE GAZETTE... THEIR OFFICIAL BOOK!

12-14-2014   Intel Guru Frank26  [via okrocks]   The GOI looked right into the camera and said that they are about to activate economic reforms on the dinar that will be beneficial for their currency.   It is of our opinion that Abadi is now going to become a proponent for the dinar to have a rate change.

12-14-2014   Intel/Newshound Guru Poppy3   RUMORS IN THE BANKS ARE RUNNING WILD RIGHT NOW.  I DON'T SHARE MUCH OF IT BECAUSE IT IS JUST RUMORS TILL WE GET SOLID CONFIRMATION BUT I WILL JUST SAY SOME PERSONAL BANKERS ARE NOW ACKNOWLEDGING THIS IS GOING TO REALLY HAPPEN WHEN THEY HAVE SAID FOREVER IT WILL NOT.   I FIND THAT EXTREMELY ENCOURAGING AT THIS POINT OF THE INVESTMENT. 

12-14-2014   Newshound Guru My Ladies     IRAQ NEEDS THE BUDGET AND THEY NEED IT NOW SO WE CAN PROBABLY SAFELY SAY WE SHOULD SEE AN INTERNATIONAL RATE REAL SOON.  THEY ARE SAYING THEY WILL MEET FOR THE BUDGET FOR TUESDAY, SO LETS SEE WHAT HAPPENS BETWEEN NOW AND THEN.   IN ORDER TO SHOW THE BUDGET THEY NEED THE CBI TO SHOW THE RATE OR ANYONE ON THE PLANET THAT READS AND WRITES ARABIC AND OWN A CALCULATOR WOULD BE ABLE TO FIGURE IT OUT.  ALSO LAST WEEK WE SAW THE CBI SAY THEY HAVE A SPECIFIC TIME FOR DELETING THE ZEROS AND THEY EVEN LED US TO CONCLUDE WHAT THE RATE MAY POSSIBLY BE... SAYING...RETURN TO THEIR REGIONAL AND GLOBAL STATUS; REDUCE THE DIFFERENCE BETWEEN THE DINAR AND REGIONAL CURRENCIES? THE CBI HAS A SPECIFIC TIME? ...WE BELIEVE THAT TIME IS HERE.  EVERYTHING IS IN MOTION IT WILL NOT BE STOPPED AGAIN WE THINK THIS RIDE IS ALMOST OVER.   [post 2 of 2]

12-14-2014   Newshound Guru My Ladies   ...IT WOULD SEEM WE ARE AT A VERY CRUCIAL PLACE RIGHT NOW IN IRAQ.  WE ARE RIGHT UPON THE INTERNATIONAL RELEASE OF THE NEW RATE...WE HAVE BEEN SAYING ...THAT THINGS IN IRAQ ARE DONE. THEY CAN NOT GO ANY FURTHER WITH REFORMS OR LAWS WITH OUT MONEY.  THEY HAVE TOLD THE INTERNATIONAL STAGE THEY WILL IMPLEMENT HCL ON JANUARY 1. HOW WILL THEY DO THAT WITH OUT MONEY?  THERE ARE MANY MANY OTHER LAWS THAT IRAQ NEEDS LIKE THE INVESTMENT LAW IS A GOOD ONE, BUT HOW WILL THEY TAKE THAT LAW ANY FURTHER WITH OUT AN INTERNATIONAL STAGE?  HOW WILL THEY CONVINCE OUTSIDE COMPANIES TO INVEST WHEN THEIR PRIVATE SECTOR IS NOT CAPITALIZED? IRAQ NEEDS AN INTERNATIONAL STAGE TO CONTINUE.   [post 1 of 2....stay tuned]

12-14-2014   Newshound Guru OOTW   THE GAZETTE'S BEEN DOWN FOR WEEKS SO I CAN'T RESEARCH BUT WE DO KNOW THAT TRADE AGREEMENTS WITH KUWAIT, ARMENIA AND JORDAN HAVE BEEN PASSED INTO LAW...AND COMBINED WITH THE NEWS ABOUT IRAQ DELAYING KUWAIT'S REPAYMENTS...IT'S ALL GOOD, KUWAIT WILL BE HAPPY THEY HAVE THAT AGREEMENT IN LAW NOW.

12-14-2014   Intel/Newshound Guru Poppy3  Article quote:  "Saleh added, "We need to reform the currency management and accounting systems in the country in general. This can only be initiated in a new fiscal year."  TO ME IT IS SAYING WE WILL BE READY AND HAVE THE RELEASE COMPLETED BEFORE JAN 1. 

12-14-2014   Intel Guru TerryK   I'M HEARING ALOT OF GOOD THINGS TODAY ON THE PROGRESS OF IRAQ...SO I WOULD NOT BE SURPRISED AT ALL IF SOMETHING DID NOT HAPPEN WITHIN THESE NEXT FEW DAYS.

12-14-2014   Intel/Newshound Guru Backdoc   THE TIME APPEARS RIPE FOR IRAQ TO LAUNCH THEIR ECONOMIC SECTOR! THEY NEED TO DIVERSIFY AND DO IT QUICKLY IN A FALLING REVENUE ENVIRONMENT!  AGAIN, THE CHANGE IN SECURITY IN BAGDAD IS MORE THAN INTERESTING AS WELL AS THE MILITARY GAINS IRAQ HAS RECENTLY MADE!  HOW LONG CAN IRAQ WAIT IN THIS ENVIRONMENT? NOT LONG!  SEEING ARTICLES OF POTENTIAL BANKRUPTCY MAY ALSO HELP SCARE SOME TO SELL OUT OF THEIR CURRENCY HELPING TO DROP THE NOTE COUNT EVEN FURTHER!  ...WHEN THINGS LOOK THE WORST THEY ARE THE BEST!!  IT’S TIME FOR IRAQ TO TAKE ITS' DONOR STATUS TO THE DOLLAR AS THE LONELIEST CURRENCY IN THE WORLD!  #1 IS THE LONELIEST NUMBER!
Read more: http://www.dinarguru.com/#ixzz3MZVgmAmf

12-13-2014   Intel Guru TNT Tony   Talked to [Guru]  D.C and others, everything is still on track for a SUPERFANTASTIC weekend.

12-13-2014   Newshound Guru Millionday    Article quote:  "Said in a parliamentary finance committee member, said that "the rest of the oil-producing provinces dues amounts of petro-dollar exchange rate will be after the approval of the federal budget for 2015".   THE EXCHANGE RATE WILL BE RELEASED WHEN THE BUDGET IS RELEASED AND DONE ACCORDING TO THIS BECAUSE -- IF ANY RATE IS CHANGED ALL RATES ARE CHANGED -- WE DONT HAVE DUAL RATES OF ANY CURRENCY -- THIS IS GLOBAL ECONOMICS.

12-13-2014   Newshound Guru tlm724   Article:  "Baghdad-Erbil deal silent on KRG’s surplus oil"  The deal will take effect from the beginning of the coming year...this deal is being done to get the 2015 budget done quickly.  Quote:  “Without this agreement. Iraq’s 2015 budget balance would have suffered a major deficit. This will be a return of sovereignty and trust to Iraq that did not exist under Maliki,”  we see...that the deal is being finalized and that there are many strategic details being worked out, we are talking about billions of dollars and if it is not done right the first time then they may as well go back to the drawing board. The great thing is this, they never did 2014 budget so the urgency is there to get the 2015 budget done and passed before they are completely broke and they are right on the edge of this agreement, few details and it should be done!

12-13-2014   Newshound Guru Adam Montana   [At one time most of the Iraqi parliamentarians were against the HCL and wanted to remove it or at least they want to modify it so that the involvement of foreign companies were reduced.  Do you think American Oil Companies (and other countries) have a roll in the new HCL?  Or will foreign oil companies just have to follow the new HCL when voted in by Iraqi without a say in the matter?]  Most of Parliament was against the HCL under Maliki's rule - that isn't the case now. At this time, the GOI is moving in a great direction toward a full HCL.  American oil companies do indeed make a difference in this issue, but what we really care about is the cooperation between the Kurds and Baghdad - and we have that, so I think everything is GOOD.

12-13-2014   Newshound Guru Aggiedad77   Article:  "Cabinet discusses the 2015 budget on Sunday"   Old news, we've seen for a day or so...but the interesting side of this is that Sunday is not a normal meeting day for the COM....Tuesday is normally their day to meet...sounds like this is specific to oil issues surrounding the budget, mainly pricing.

12-13-2014   Newshound Guru Millionday   THE RAFIDAIN BANK IS READY TO ACTIVATE THE ATMS IN BANKS AND THROUGHOUT IF THE PROGRAM OF THE REMOVAL OF THE THREE ZEROS GOES FORWARD OR SHOULD WE SAY AS SOON AS IT DOES.  THIS MEANS THEY ARE SET FOR SMALL DENOMS OF COURSE AS WE KNEW FROM PAST REPORTS.  THE LAWS LEFT ARE THE LAW OF PARTIES, HCL, AMNESTY, AND FEDERAL COURT.

12-13-2014   Intel/Newshound Guru Backdoc   IMO, I AM PERSONALLY CAUTIOUS ON INTEL AND NEWS OUT OF IRAQ!  I EXPECT LIES OR MISLEADING INFO.  WE ARE GOING INTO THE YEAR END WITH A CASH STRAPPED COUNTRY WITH A FREE FALL IN THEIR MAIN SOURCE OF REVENUE!!  WHAT BETTER TIME TO GIVE VALUE TO A COUNTRY'S CURRENCY WHEN EVERYONE IS NOW EXPECTING WEEKS IF NOT MONTHS?  THIS IS A COUNTRY DYING TO DIVERSIFY THEIR ECONOMY TO GAIN ADDITIONAL REVENUE QUICKLY!  THE MOST OPTIMAL TIMING IS THE BEGINNING OF A YEAR! IF THE STOCK MARKET BEGINS TO MELT DOWN WE JUST MIGHT HAVE A NEWS WORTHY EVENT AS A MEANS OF DISTRACTION!  I ALSO AM INTERESTED IN THE CHANGE IN SECURITY IN BAGDAD!

12-13-2014   Intel Guru TNT Tony  [via Adept1]   I’m feeling super-fantastic, nothing but good news.   Everything we are hearing is “push, push, push” and even Washington was asking this morning, “Why isn’t this done? Let’s go!”  It’s looking really good, the best we’ve seen it in months and weeks.  This is the first time we’ve seen this many people transported across the world to get this done. 

12-13-2014   Intel Guru DC    [via Adept1]   Teams from the US and other places are in Iraq coordinating and making sure all pieces are going together.  That includes teams from the BIS, IMF, the Fed, Bank of England, China, Swiss, European and other countries to make sure this goes off as smoothly as possible.   There has been a rate change, but it has not been confirmed.  [When Iraq releases the rate, will the US go as well?  Or not?]  Once it is available for the Iraqi citizens, which they are testing now, the rest of the world will turn on. [If Iraq does it today, does the US have the right to delay it until Monday or later?]   Yes, they still have that option, but they will probably let us go on because it’s close to when they wanted to start anyway.  We are in the window NOW, or when Iraq starts.  So far as we know, they will keep it at a fixed rate until 2. January.  All minor issues are being addressed quickly.  Our understanding is that this will go as soon as the last issues are solved and no one is going home until this is done.  Cautiously, things look really, really good.
 12-12-2014   Intel/Newshound Guru Poppy3   ALL INDICATIONS SHOW THEY WANT THIS ALL COMPLETE PRIOR TO THE BEGINNING OF JAN 1 2015.  NO INDICATIONS OR STATEMENTS OTHERWISE.  THEY HAVE A GET-R-DONE ATTITUDE RIGHT NOW.

12-12-2014   Newshound Guru Millionday    THE ACTUAL BUDGET WILL BE DONE IN DINARS PER REGULATIONS AND HOW A COUNTRY`S BUDGET IS DONE -- WITH THEIR OWN CURRENCY.  THEY EXPECT THE PARLIAMENT TO HAVE IT IN TWO DAYS AS OF YESTERDAY... NO WORRIES OF ANY HOLIDAY TALK - OBVIOUSLY THIS IS VERY IMPORTANT AND THEY ARE PUSHING IT IN A HURRY DUE TO THE NEED TO HAVE MONEY.  SO,  WONDERFUL NEWS OUT THERE AND THEY HAVE STATED THAT THE EXCHANGE RATE FOR PETRO WILL BE WITH/AFTER THE BUDGET -- SO WE KNOW THAT ALL CURRENCY HOLDS THE SAME VALUE NO MATTER WHERE IT IS.   [post 2 of 2]

12-12-2014   Newshound Guru Millionday   "the rest of the oil-producing provinces dues amounts of petro-dollar exchange rate will be after the approval of the federal budget for 2015".   THE AMOUNT OF THE EXCHANGE RATE WILL BE AFTER THE BUDGET SO OBVIOUSLY IT HAS TO DO WITH BUDGET FOR THIS YEAR. THINGS SEEM TO BE HEADED RIGHT TOWARD REFORM BY WHAT WE HAVE BEEN SEEING - VERY ENCOURAGING.   THE 2015 BUDGET GOAL AS THEY HAVE STATED IS TO BE DONE BY THE END OF THIS YEAR AND PARLIAMENT WILL BE IN EMERGENCY SESSION FOR IT AT ANY GIVEN TIME ACCORDING TO REPORTS. THE HOLD UP WAS A SCRAMBLE TO MAKE ADJUSTMENTS ON WHAT THEY THOUGHT THE REVENUES WOULD BE DUE TO LOWER OIL PRICING.  [post 1 of 2....stay tuned]

12-12-2014   Newshound Guru wmawhite  ...how can a country determine it costs for its international purchases if its currency floats...doesn't make sense.

12-12-2014   Newshound Guru BGG   the IMF report was stunning - it looks like Maliki spent 10 -11 bil of CBI reserves and 2 - 3 bil of the DFI fund... those two funds were only accessible by the Gov of the CBI and the PM. He had both...

12-12-2014   Newshound Guru tlm724    they must act now to generate revenue, no time to waste here, get the gov reform off the ground, start implementing tariffs and get the private sector going, they need the budget as well to get some money flowing, reducing the GOI salaries is a big step too...they can produce a lot of revenue besides oil but have to implement this plan on the ground, make it a reality!

 12-12-2014   Intel/Newshound Guru Poppy3   IT IS COMING FASTER THAN PEOPLE THINK...THINGS ARE HAPPENING FAST AND I DON'T WANT TO GIVE FALSE HOPE BUT WHAT I WILL SHARE IS THERE IS A HUGE PUSH IN HIGH PLACES TO GET THE RATE PUBLISHED BEFORE 2015. NO ONE CAN SAY THEY WILL GET IT COMPLETED BUT I CAN NOW SAY WITH CONFIDENCE THEY ARE TRYING.

12-12-2014   Newshound Guru Stryker   The Arbain ceremony in Karbala has been attended by millions but will end today and the 2015 Budget will be front and center once again in tomorrows Council of Ministers meeting.  Iraqis are not lined up outside banks, they are not celebrating in the streets and the Iraqi TV stations are not scrolling monetary reform is almost completed. The facts are, there are still a few things that need to be done before we see the RV take place.   Also, there is no 60 or 90 day wait period put on the 2% parallel rate before the RV can take place.

12-12-2014   Newshound Guru wmawhite   [do you have opinion on this 2% issue?]  One particular person I consult in is a very successful financial type of person told me that the 2% requirement does not apply to Iraq because it applies to exchange rates. The IQD does not have exchange rates. Instead, and because it has a programed buy and sell value the 2% rule is mute.

12-12-2014   Newshound Guru Kaperoni   Believe me the CBI does what the IMF says. One way or another, they do it...as for 90 days. Here is the fact...the IMF charter clearly states a member country must hold the 2% for 90 days. This is in Iraq's best interest as the magnitude of failure could be catastrophic if they do not know what they are doing when they go to Article VIII. That being said, I have not found it written in any document "specific" to Iraq that I can prove it. Could there be a special arrangement? Sure...do I think there is?  No.  90 days.   [post 2 of 2]

12-12-2014   Newshound Guru Kaperoni   Article:   "Zebari: the dinar exchange rate remains stable"  Quote: "so our priority at this meeting to give a comprehensive picture of the economic and financial reality of Iraq" They are sure making a big deal about currency stability.  Why do you think that is?   Because the IMF demands that they meet the 2% spread for compliance.  We all know Iraq tries to get things without doing the work.  Does everyone remember Iraq called for removal from UN Chapter 7 for over two years before they actually meet the conditions?  IMO, this is the same thing...the IMF said....your doing good, but your 2.6% and that is not good enough.  And the CBI went..shucks.  Now the hype is starting to try and bend the rules.  Unlikely the IMF will give an inch, I stick with February 28th date...BTW, November 24th the market rate dropped to 1198.  So technically, the countdown could begin then and end February 24th.  To be sure, I am giving it the full month.  [post 1 of 2....stay tuned]

12-12-2014   Intel/Newshound Guru tman23  The Kurds speak of independence...the Kurds speak of not using IQD because of the 3 zeros...Every MAJOR foreign country and investor (even Kuwait) are going into the Kurd region FIRST for investments...So riddle this...How does this fair for the CBI and lost revenue if everyone in Kurdistan is floating around Euro and USD...What does that do for the CBI ...the market rate...?   I guess they will need to depend on Basra...Then the threat of ISIS announcing their own coins to circulate...what if those coins have more value then the CBI $$$...and people start to accept them because they are gold and silver...The CBI is in a tough spot...Best make your currency desirable with value...AND QUICK !! 12-11-2014   Newshound Guru wmawhite    [do you think were still 4 months out like some are saying?]  I honestly believe that they are pushing hard all across the financial and political fronts to get this done and remember, that budget is useless...no good outside of Iraq unless the CBI does their thing first.  In other words...I believe this may happen at anytime.  I believe the CBI has a time frame they are targeting and they need to coordinate their moves with many other entities outside of Iraq.   [post 3 of 3]

12-11-2014   Newshound Guru wmawhite     [Why would Iraq even think of revaluing its currency when it is making such huge progress at the imposed rate? Not to mention, all the international help its getting to keep it going?]  Because will need a currency to enter the international trade markets to start with...no currency...no trade...second, if they have to pay 1166 IQD for every 1 USD of goods...they will be broke within weeks.   [what is your opinion of how much IQD is actually out there?]  I have never stated how much IQD the USA has because I don't know...the CBI knows exactly how much is outside of Iraq because they are the ones who sold it...and they don't care how many people own it or if one person owns it...it is all the same to them.  However, they have told us that they are bringing the note count down ALOT...like down to 1 billion notes.  To me...that indicates a fixed RI/RV and no float.  [post 2 of 3....stay tuned]

12-11-2014   Newshound Guru wmawhite    JMO, if we listen to what is being told to us by the CBI, PM, CoM, they are giving us a multitude of clues as to what their intentions are.  [Do you think the apparent "shrinking" of ISIS will help bring on the R/V?]  This will be a financial event not a political event...look around the middle east at far worst countries and their currency is at a higher value than the IQD. The CBI will do this when they are ready financially.  Again, the clue...indications... their actions...they are preparing for this to take place.  The CBI cares about the stability on the financial sector.  The CBI is driving this boat...all of the political folk are now trying to catch up because their boat is getting ready to leave.   [post 1 of 3....stay tuned]

12-11-2014   Newshound Guru Kaperoni   ...some overnight RV...It's not...going to happen.,    It's going to gradually rise (float) from the current rate at 1166.  This statement direct from the IMF Article IV Consultation is very clear..."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,".  No where in that statement does it say staff says RV then float, or staff wants the CBI to RV and then gradually raise the value.   What they DO say is..."Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate".

12-11-2014   Newshound Guru Adam Montana    [ I read iraq is having a cash crisis. They are cutting their pay. How does this affect the dinar rv?]   There's no cash "crisis" from what I have read - actually, the opposite.  The bigwigs have elected to take a pay cut, most likely understanding that doing so will free up cash and budget to help the CBI increase the value of the dinar, so in reality they aren't taking a "cut" - they are taking a STAND for the increase of the value!

12-11-2014   Intel/Newshound Guru tman23    I just read Kaps [reference Guru Kaperoni's post 12-11-2014]  NEW take on the Market Rate...  That said...You mean to tell me that all the hoopla posted before about them being at 2% of compliant was wrong...and now they need to be under 1200 for at least 90 days starting errrrrr yesterday...  The FACT is that most MAJOR market economies float their currency...Iraq is not even close yet...And that is why IMO there will be NO float!!   And from economist and the CBI past articles...The BEST time to raise the 3 zeros is at the beginning of the year...NOT IN THE MIDDLE!!   This has been a statement several times in the past...And in addition to that is Barzani saying...Kurdistan will not open and operate the ISX under 3 zeros...(but yet the ISX is being tied in with the ESX so how will that work??)...Barzani has a history of doing what he says...And I believe him on this currency issue, he was quite clear!

12-11-2014  Newshound Guru Millionday    THE IMF...INTERNATIONAL MONETARY FUND...ENDING THE WORK IN IRAQ AND THE HUGE WORK WITH THE WORLD BANK TO FUND PROJECTS AND THE SPEED ON THE BUDGET OF COURSE ARE ALL THINGS THAT EXPLAIN WHAT IS GOING ON RIGHT NOW.  THE WORLD BANK IS WORKING WITH MOUS TO GET IN INVESTORS AND BANKS ARE OPENING THAT ARE INTERNATIONAL BANKS AND WE KNOW THAT THE GOV HAS ASKED THAT THE CBI DOES NOT GIVE OUT ANY NEW BILLS UNLESS IT COMES WITH THE PROGRAM OF REMOVING THE THREE ZEROS.  THEY ARE IN A HUGE HURRY TO GET THE BUDGET DONE DUE TO DEMANDS OF MILITARY SO THEY ARE WORKING ON IT NOW.  WE KNOW THAT LACK OF NEWS IS ALWAYS A ROAD TO LOADS OF BIG NEWS OR AT LEAST THAT IS WHAT WE HAVE SEEN IN THE PAST.

12-11-2014   Newshound Guru Aggiedad77   Article:  "Assurances parliamentary passage of the budget in the coming days"   "In the coming days"..."in two days"..."next week"...are they working on a budget for 2015...you betcha...are they ready to show us the budget...I doubt it...maybe the "next week" scenario works...after the Cabinet meets next Tuesday in their regular meeting...will the Parliament suddenly grow wings and get this budget approved before the end of the year...possible...they have proven they are capable I think...time will tell.

12-11-2014   Newshound Guru Adam Montana   [Will there be a deadline for converting in the large Dinars for the small ones, or can I hold the large ones as long as I please without a penalty?]   We don't know if they will instate a "deadline" to exchange the current currency, but I am confident that we will have a minimum of 90 days to exchange our notes.

12-11-2014   Newshound Guru Kaperoni    So we all need to pray that the CBI can hold this 2% for 80 more days.  The good news is parliament will return and have 60 days or so to address all the laws, bills etc. we all need.   Until the CBI can prove they can hold at 2% or less for 90 days the IMF will not let them leave Article XIV and move to Article VIII.  I think its important to look at last Sundays meeting with the IMF that the GOI, CBI, MoF were all there...to find out exactly where Iraq was in regards to all these conditions/etc. So now the CBI, GoI, MoF all know what needs to be done.   ...any substantial increase in value of the dinar is directly related to Iraq opening the currency to the world... moving to Article VIII.  Until the CBI is in compliance with the IMF nothing will happen.  [post 3 of 3]

12-11-2014   Newshound Guru Kaperoni   [How can the CBI control the market rate though?]   They control the market rate through the daily auctions that is why the currency auctions are so important its a training tool to prepare them for the day they join the big boys.  So, here is where it is important...its a tough situation to maintain stability under the conditions in Iraq.  So 1203 is no good and 1206 is no good...now, as of Nov 30th the rate fell to 1197 which now clearly is within 2%.  So we can say with absolute certainty the CBI is in compliance at 1197 and that is official as of Nov 30th according to the CBI currency auctions.   [How long do they have to stay at that rate?]  ...as the IMF has stated in general guidelines (not specific to Iraq) they must hold within 2% for 90 days so that puts us at Feb 28th, 2015 or March 1 however you want to see it. That is of course that the CBI can hold that rate for that entire time...they cannot wabble at all!  The rate cannot climb back over 1200...this is not opinion, this is the numbers direct from the IMF.  [post 2 of 3....stay tuned]

12-11-2014   Newshound Guru Kaperoni   ...many ask all the time "is the CBI in compliance with the IMF or not" and we all look at the numbers and try and figure it out...Official rate/Market rate stuff which is very important.  You see under IMF Article XIV, the IMF is teaching the CBI how to manage its currency and compliance is important to the IMF before they will let the CBI take the next step which as everyone knows would be for them to move to Article VIII.  The IMF told us the answer we all asked...Are they in compliance?  Well the answer in September was no according to the IMF Press Release, the spread in September was 2.6%.  So we can go back to the CBI site, pull up the auction numbers and see what exactly they were and relation to the Official rate/Market rate.  So in September, the CBI published 1203 and 1206 throughout the whole month.  So Official rate is 1166 and market rate was 1203 or 1206 which according to the IMF is 2.6% and not in compliance.  So now we know that the Market rate must be less for them to be in compliance and that calculation is easy to do and we can figure it out...the "golden number" appears to be 1200 or less.  [post 1 of 3....stay tuned]

12-11-2014   Newshound Guru Millionday   GLOBAL ECONOMICS REQUIRES A REALITY RATE TO ENTER THE GLOBE FOR BANKING OR THE MARKET ECONOMY THEY ARE REPORTING THEY MOVING TO -- SO WE SHALL SEE WHAT THEY DO --- INTERNATIONAL BANKING REQUIRES THE ABILITY TO EXCHANGE AND SO DOES TOURISM NO MATTER WHERE YOU GO OR EVEN INVESTMENT WHEN YOU HAVE YOUR OWN COUNTRY CURRENCY.   [To activate the dinar, are they saying it will only revalue in Iraqi or are they saying it will go internationally as well?]   THE CHANGE IN THE DINAR PURCHASING POWER IN COUNTRY WILL RESULT IN THE CHANGE OF ITS RATES COMPARED TO INTERNATIONAL CURRENCIES WHEN THEY ENTER THE INTERNATIONAL MARKET.

12-11-2014   Intel Guru TNT Tony   [via Adept1]  There was a meeting in DC two days ago...We are now within the window.   It could be any time to today to the 22nd of December – that is when it ends.  It could start any day but it ends on the 22nd, and restarts after the 2nd of January. Everyone wants to go immediately...apart from one group.  The parliamentary stuff will be done today, and they get to choose their own time.  The US also gets to choose its own time, how it will roll out and who gets to participate. That’s why I’m super-fantastic...The US got everything they asked for, so they should be happy, too.  [Is this coming to an end?]   That’s what we are hearing!

12-11-14   Intel Guru TD      I'M TOLD THAT A CONCRETE DEADLINE OF AUGUST 1st, 2015 has been set for either substantial progress by Baghdad of equal power & economic sharing or else the Kurds will announce to the world their declaration of an independent state. My friend tells me the Kurds are fully serious and committed to this objective. THIS IS NOT A BLUFF!!  In the weeks and months ahead you'll hear a very strong voice from the Kurds regarding this goal.  Given the still very shaky landscape of the existence of a unified country known as IRAQ all other points including of course currency reform are simply mute talking points.   [post 2 of 2]  

12-11-2014   Intel Guru TD   Comments from my Kurdish friend (as usual treat all as rumor and do your own sound diligence): The sounds of distrust and disappointment between the Kurds and Baghdad is mounting. The Kurds feel that they may be reliving the same old, same old under the new administration as they did with Maliki and the endless empty promises Baghdad fails to deliver on. President Masum and Barzani have given the Kurdistan Parliament the full go ahead of preparations of their own constitution & functioning formations of their own branches of government to set up in the coming new year.   [post 1 of 2....stay tuned] 12-10-2014  Intel Guru DC   [via Adept1]   So what we understand has been agreed is that Iraq is cleaning up a few things, Iraq and the world will revalue, and the US will start the rollout in a few days for the internet groups.  [What should we expect to see from Iraq?  A speech from Abadi, what other clues?]   The CBI will change the rate, making sure that no one gets in the way.  After this legislative round is over in a couple of hours, they will tell the US that the list has been checked off, and they will get together with Abadi and the CBI.  They will then pull the trigger, and then Abadi will make a minor speech in Iraq to not cause an international stir, and that will change the rate inside Iraq.  The US may take a few days to open this up, or they may use this as the signal to quietly release this to the internet right away.

12-10-2014   Newshound Guru Adam Montana   I know, I know! Those of you that wanted to cash in yesterday and not a minute later... you're probably mad.  But those of you that understand the situation and know that this was always going to take some time... well, you and I are pretty darned excited right now!  The HCA is the biggest major step into the HCL that we have ever seen, and I'll seriously be surprised if this goes more than a couple more months. They are making REAL progress!   [post 3 of 3]

12-10-2014   Newshound Guru Adam Montana  GOI is ROCKING - With the removal of Maliki and Abadi at the helm, Iraqi Parliament has accomplished more in the last couple months than Maliki did in 5 years... and you know why, of course!  Because Abadi WANTS to move Iraq forward, but Maliki ...did nothing but make backroom deals that lined his own pockets...  And that brings us to the final piece of the puzzle... HCL. Right now, as you're all aware, we have been in "limbo" about this thing... and I'm confident in my research enough that I will tell you this:  We are INCHES away from a full HCL... but right now, we have an "Agreement" - not a "LAW".  [post 2 of 3....stay tuned]

12-10-2014   Newshound Guru Adam Montana   For those of you that are new... let me give you some cliff notes:  1. 2003 or so, the Iraqi Dinar is trading at ~2000:1 down from a much higher rate. Thank you, Saddam.  2. 2012 The Iraqi Dinar is trading at almost double that... to the good side. Anyone that bought Dinar in 2004 has now doubled their money.  3. Back in 2009 or so, I said we need to see a few major things happen... GOI, HCL, CH7...so where are we now?  CH7 - DONE! There are a few minor details hanging on it, but for all intents and purposes Chapter 7 is no longer an issue.  [post 1 of 3....stay tuned]

12-10-2014   Newshound Guru tlm724   one paragraph from the actual report from the IMF:  “The IMF will continue to support Iraq through policy advice, technical assistance, and training. The 2015 Article IV consultation discussions with the authorities will take place in the coming months."  I take this as good news for sure, it will not take long for Iraq to meet the requirements for article VIII, consultation in the coming months could happen very quickly!   Like January or February for example but the first quarter of the year still feels good to me. I like the report and find it encouraging for sure, they continue to grow despite the difficult circumstances!

12-10-2014   Newshound Guru Millionday   THE IMF FEELS AS IF THEY CAN NOW HAND OVER THE ECONOMIC CHANGES ETC TO IRAQ -- GREAT NEWS TO SAY THE LEAST.   [is it that the IMF had to give the final say to Iraq to push the button, based on meeting economic reform infrastructure - etc?]  CBI IS INDEPENDENT AND HAS THE JOB OF SETTING THE CURRENCY RATES BUT WHAT IS BEHIND THE SCENES HAS NOT BEEN RELEASED AS WE ALL KNOW I STICK TO THE INK SO NO GUESSING.   I THINK THAT THE RELEASE OF THE IMF IS A TURN OF A PAGE.

12-10-2014   Newshound/Intel Guru BGG   [I heard it need to be close to Kuwait's rate?]  I think sooner or later that's probably a goal but I don't think that's going to happen immediately...  What Maliki did is a double edged sword.  It will probably move thing along sooner but it probably won't be as much.   [Are we looking at 2015 before the exchange will take place?]  There may be one more major artery of influence from Maliki in the CBI and that may be a potential problem and once that is out of the way...but they need it now.  It can happen any time and I think between now and the 1st of the year is an opportune moment.   [post 2 of 2]

12-10-2014   Newshound/Intel Guru BGG    Maliki left Iraq in worst financial shape than anybody realized.  It's just coming out how much the DFT Funds he spent and how much of the CBI reserves he spent. He couldn't have done that without an insider.  This is not necessarily bad news for us.  It is not necessarily going to impact us anymore or less than it was going to.  I think they are going to deal with him before too much longer.  The current PM is doing everything we had hoped Maliki would have done.   [What are your thoughts on the dong?]  I doubt that it is concurrent with the dinar.  I don't think the dong and the dinar are interrelated. [ It would Iraq very little good to revalue at 1/10 of a penney, 1  cent, or 10 cents, but should come out something like what it was prior to the war?]  Conventional thinking, yes, however, because of the current situation in Iraq, it's not impossible to believe that they wouldn't do something like an introductory rate & I think it will be a managed regime, not a float...they will put it where they want it and do something with it later.  [post 1 of 2....stay tuned]

12-10-2014   Newshound Guru wmawhite   We know for a fact, the PM, COM, & Parliament are juggling a bunch of balls in the air and they tell us they are trying to get to some place with it, they are trying to get the first budget passed prior to year that it is required and we understand too that they can't do anything with that budget until they change the value of their currency.  They cannot do any of those investment items that they talked about, that's a fact.  So, if they are going to live by the 2015 budget sometime in 2015, then things are going to have to change in our favor.

12-10-2014   Intel Guru Jester   NO ONE... AND I MEAN NO ONE... NOT THE 100% CONFIRMED BS... NOT ANYONE... KNOWS FOR SURE THE TIMING...AND THEREFORE SINCE THAT IS UNKNOWN... THERE IS NO WAY TO KNOW HOW THE PLAN WILL UNFOLD...EVEN NOW THE REST OF THE WORLD CONTINUES TO PLOW FORWARD ON THEIR PLANS WHILE THE US RESISTS THE CHANGE... THE WORD TODAY IS STILL INEVITABLE... THAT THINGS ARE MOVING AROUND... NO TIMING IS GIVEN...

12-10-2014   Newshound Guru Enorrste   However, I do not see a direct connection between Article VIII and the beginning of the float other than that the float could not be initiated AFTER moving to Article VIII.  I do believe that the float could begin PRIOR to movement to Article VIII.  I have predicted, based on the articles only and not on any specific evidence, that I believe the float will be initiated shortly after the new year.  I see no reason in this article to change my position.   I just got to thinking that entering Article VIII isn't necessarily directly connected to the value of the dinar.  Of course the dinar would have to be tradable in order to move to Article VIII, but that does not mean that the two have to happen at the same time.  Also...a free float will bring the official rate and the street rate together overnight.    [post 3 of 3]

12-10-2014   Newshound Guru Enorrste   At the same time, ...KAP [Guru Kaperoni] he made it clear that the IMF will require that the street rate and official rate be within 2% for at least 90 days prior to a move to Article VIII.  Whether that means that the country wouldn't begin the float is open to question.  The float decision is Iraq's to make as a sovereign country.  This has been made amply clear in previous articles. We are therefore left with some speculation:  Iraq could begin the float any time after the beginning of the new year, as the CBI has stated its intention.  OR, they could wait until March when they will have, theoretically, been at 2% for 90 days or more, and, presumably, begin the float with the move to Article VIII.   [post 2 of 3....stay tuned]

12-10-2014   Newshound Guru Enorrste   Article:  "Statement at the End of an IMF Mission on Iraq"    The article...makes it clear that the decision to release some of the reserves was made by the CBI in concert with the GOI to fund the deficit.  It is speculation to say that Maliki and/or Turki were behind this, since we do not know when the funds were released.  In any case, the fact that this came out in an officially recognized IMF article implies to me that the release was on the "up and up" as far as the IMF was concerned.  In other words, the IMF didn't mention anything "fishy" in the reduction of reserves and, furthermore, didn't even make a comment about the fall in reserves.  Therefore, I do not believe this is an issue with respect to the future of our investment.  [post 1 of 3....stay tuned]

12-9-2014   Intel/Newshound Guru tman23  One of the biggest debates is the IQD float...BUT...Does the recent correction of the usd mean anything? With the value of the dollar constantly changing it is hard to tell what it all means. Can you imagine trying to build a house if everyday when the workers arrived you gave them a different size ruler?  Interesting thing is that Iraq had a rate of 3.22 when oil was something like $30 a barrel...But who knows....it's just interesting!

12-9-2014   Intel Guru TerryK    I'M HEARING A SHORT DELAY IN OUR BLESSING...BUT THEY WOULD NOT TELL ME HOW SHORT OR HOW LONG.  ...THE THREE SOURCES I TALKED TODAY KINDA HINTED TO THIS WEEK YET, SO WE SHALL SEE.

12-9-2014  Intel Guru DC  [via Adept1]  It is NOT a majority of the general public, but here is a good amount, a fair amount, that will go to general public exchanging at contract rates.  We know groups and some people are being paid out through the summer, and now they are cranking up that number significantly.  Some have exchanged at contract rates, and there is still plenty for us.  However, only those who are lucky or quick to dial in will get that access.  The banks do not have the numbers because it depends on how much dinar any individual brings it.  It’s still a legal obligation for them to allow that to the general public. [Post 2 of 2  Only a few gurus agree with the contract rates and groups...we do not have guru consensus on either of these issues]

12-9-2014   Intel Guru DC   [via Adept1]   ...the vast majority of people will get the international rates.  Who will get the contract rate and why?  China made a deal with the UST saying they would pay more to the groups that packaged their people together, so that they can get the oil credits, like coupons.  Some others then said, “Hey, if the groups made that agreement, I want some of my customers to get that rate as well.”  China set up a pool where people could exchange at that higher rate.  They agreed to have a percentage of the general public to have a contract rates similar to what the groups are getting.  [Post 1 of 2  Only a few gurus agree with the contract rates and groups...we do not have guru consensus on either of these issues]

12-9-2014   Intel/Newshound Guru tman23  Why hasn't the 2015 budget been presented to Parliament ? Is it declining oil prices and the focus on the amount of the 2015 deficit? Reality is the GOI needs to get the show on the road BUT BUT BUT...If that 2015 Budget hits Parliament and there is a battle/argument/debate over the 17 percent that the Kurdistan region is receiving ...The Kurds are not arguing/debating/ or even sticking around to discuss the subject...GONE-GOODBYE...And Maliki is trying his best to keep his insiders rallied against the Kurds...This is why the Budget has not been in Parliament and this is why Jabouri is in Kirkut today speaking with the Governor...... Basically....Kurds could give a rats a**...they have their agreements and are set...And the international business world is ready to open the doors in Kurdistan.

12-9-2014   Newshound Guru Kaperoni   Article:  "Legislative power: raise zeros will not affect oil prices"    No matter how you look at it..as the float starts or the Law of Indebitness there is no chance the zeros will be gone in 2015.  The articles describing the process from a few months ago clearly stated it could take 4-5 years once it began.  I believe IMF Article VIII will occur in 2015 (which will give freedom of movement of capital to occur), but many people are going to be surprised that the dinar's value will remain low until investment begins to flow into Iraq.

12-9-2014   Newshound Guru Millionday   Article quote:  "The Prime Minister Haider al-Abadi, on Monday, that Iraq is facing a cash crisis due to the decline in world oil prices, and that it was taking measures to address the real problem, starting with the reduction of salaries in the Council of Ministers."  [why would they accept to decrease their own pay unless they know the value will rise...?]  I DONT SEE ANY UPROAR ABOUT IT EITHER NOT EVEN A REPORT STATING WHAT THEY THINK ABOUT IT OR HOW THEY DISAGREE -- THIS SHOULD BE INTERESTING.

12-9-2014   Intel Guru TNT Tony   [via Adept1]    [Vietnam has been exporting for years without an RV;  could that happen in Iraq as well?]  Any  country can say that they want to raise the value of their currency.  There is a Global Currency Reset (GCR) for 200 countries based on Basel III protocols, and those 200 countries are not just wandering around saying, “Hey, I wonder if there is gold under that mountain”.  That has to happen to do a GCR – they had to have a foundation, and they chose the Iraqi dinar.  China chose Vietnamese dong, because everything in China is built in Vietnam.  So Iraq has discovered all these new oil wells, and Vietnam found all these assets to bring up their reserves.  Any country has foreign currency reserves, and that adds to the artificial manipulation designed to create this GCR.

12-9-2014   Intel/Newshound Guru tman23  Kurdistan Parliament is continuing work on an independent Kurdistan Constitution to be completed near term August 2015...and will vote for a referendum for an independent Kurdistan if Baghdad doesn't live up to the agreements and/or doesn't/can't get its s*** together...The Kurd constitution being written WRITES OFF THE USE OF THE IQD AS IT"S OFFICIAL CURRENCY...Also the Kurds have said they had enough of Maliki accusations in the press and the GOI needs to take action immediately against this man who placed Iraq in disaster and continues to hurt the country...There is a lot of chatter in Kurdistan over the CBI and LACK OF in Kurdistan...And...BIG ribbon cutting ceremony in Erbil on Grand Opening of Blom Bank...HUGE...!!

12-9-2014   Newshound Guru Kaperoni   Article:  "Zebari: the dinar exchange rate remains stable"   Quote: "views the exchange about the role of the International Monetary Fund to help Iraq through this difficult phase of the Iraqi economy."   The key is it appears Iraq has turned to the IMF for help.  And they will follow the rules even more so now.  Which takes me back to the IMF Article IV consultation!  Article VIII and a gradual appreciation.

12-9-2014   Newshound Guru Millionday   Quote:  "The economic expert is expected to increase the purchasing value of the Iraqi dinar taking advantage of the economic strength of the dollar".  THE RAISE OF THE US DOLLAR RAISES THE BASKET OF CURRENCIES AND WE ARE THE LARGEST PURCHASERS/CONSUMER OF OIL -- SO... THE GROWTH IN VALUE HAPPENED BUT THE PRICE OF OIL WENT DOWN SO IT HAS A PARTIAL GAIN DUE TO THE MARKET.   SO IN OTHER WORDS THIS IS A GOOD TIME TO INCREASE THE PURCHASING POWER OF THE DINAR. 

12-9-2014   Intel Guru DC  [via Adept1]    [Vietnam has been exporting for years without an RV;  could that happen in Iraq as well?]   Iraq has a plan and very bright people to execute it over the last ten years;  otherwise the Iraqi dinar would just float on the market.  They have done many studies and very worked out plans over the last ten years to deal with explosive growth. Vietnam has done some of that, but not as publicly, so they cannot really say what the dong could justify.  They are having to use reserve-based theory to revalue their currency.

12-9-2014   Newshound Guru Stryker   Article QUOTE: "Ali Fayad, said Speaker of the House adviser on energy, on Monday, that the political atmosphere between the province and the center of political and other blocs are ripe for the enactment of the oil and gas law and the formation of the Supreme Council of the oil policy"  ONCE AGAIN THERE ARE TALKS ABOUT THE TIME BEING RIGHT NOW TO PASS THE OIL & GAS LAW DUE TO THE DEAL STRUCK BETWEEN KURDISTAN AND FEDERAL GOVERNMENT. 12-8-2014   Intel Guru TNT Tony   [via Adept1]   Friday we knew there was a window, and there was too much time – it was 36 hours, and they announced the time themselves.  It didn’t happen. We still don’t know the real reason it was delayed this weekend or why it’s taking this long.  Last night and this morning there are meetings going on.  The celebration starts tomorrow.   They are not saying “by the 5th or the 8th” but they are saying “economic reforms are ending.”  You need to see that we are just that close.  It could be any day, any moment. 

12-8-2014   Intel Guru DC  [via Adept1]   Abadi is back in country and they have passed a few more laws...they have a three-day holiday starting tomorrow, so it’s a low week in Parliament.  They were ready this weekend, three different times...The US delayed it Friday, on Sunday morning Iraq wanted a little time to coordinate, and when they got underway again, the US blocked it again...the UN is now upset at the US administration for blocking this again.  People are upset in Iraq, and they have changed some of their news notifications to say “the economic reform is occurring, will  be done in a few days”.  However, it is widely known they are waiting on the US, so people are pretty aggravated at the US for obvious reasons.  Iraq is very much ready. They are having meetings right now between all the major players here, in Iraq, Bank of England, etc, trying to coordinate another time right now.  It was supposed to go this last weekend, and now there is a new time.  If no one gets in the way, it will get done.  [Do you think we will get this before Christmas?]  I do.  This weekend, the delays were 18 hours and ten hours.  It’s hard to justify days or weeks now.  It’s hours.

12-8-2014   Newshound Guru Millionday   Article quote:  "Araji said that he "will be put accountability, justice and the law of prohibition of the Baath Party, and the subject of the tax amendment exempting role and low cost young ones granted to employees, in addition to the Ministry of Electricity and future plan, time and ceilings of projects and investment..."  ...TOMORROW THE AGENDA INCLUDES THE TARIFF LAW.  SO AS WE SEE THEY ARE WORKING TOMORROW -- WHO KNEW.

12-8-2014   Newshound Guru Stryker   Budget Update:  The committee had until the 10th to turn the draft into the Council of Ministers for their approval. Some articles are stating that it has not been done where others are saying it has been done.  I believe they have received it and the Council of Ministers will vote on it this week and it will be to parliament either this week or next, either way it still looks real good in getting it passed this month.  In preparation for relieving the stress off next years budget along with attracting foreign investors, Iraq and the World Bank have signed a memorandum of understanding to provide assistance in the fields of legal, technical and financial. Now, more than ever they need these Investment Laws approved and implemented and do not have any excuses to do so. 

12-8-2014  Intel Guru Bulldog75   THERE ARE MANY FACTORS AFFECTING THE CE AND THE ECONOMY OF THE WORLD.  CRUDE OIL: DOWN $2.47 TO $63.47. THATS HUGE.... WHY? A ‘NEAR PERFECT’ INDICATOR THAT ALMOST PRECEDES EVERY STOCK MARKET CORRECTION IS FLASHING A WARNING SIGNAL IS FALLING OIL PRICES.   PROBABILITY: ON THE CE/GLOBAL RESET WINDOW, WE SHOULD SEE OIL NEAR $55, GOLD UNDER $1100, SILVER UNDER $15. ALL RARE METALS SHOULD FOLLOW SUIT.   BE OPTIMISTIC YET PREPARED. THE NUMBERS ARE 3.33 TO 11.11 BASED ON WHO OR WHERE YOU ARE.

12-8-2014   Newshound Guru tlm724    ...the investment promotion phase has been completed to the fullest picture...stage is set, tariffs will be imposed on all imports and this will open the door for investment, getting the money flowing back INTO Iraq! 

12-8-2014   Newshound/Intel Guru BGG    My take - things are in overdrive right now...Abadi appears to be working overtime to get all kinds of reforms and elimination of the old guard put in place...there are some points of contention within his political structure - but he seems to be having some success up until now...he has promised (and delivered) change in the Army, Intelligence, CoM, Judiciary, CBI (coming)...Currency reform was a very public topic... shortly after the elections...however it appears they are balancing the government (and maybe going to deal with Allaq) before they are able to address the Dinar but to me it's all moving at "break-neck" speed...[forget Allaq do the dinar first.]  He's the Gov of CBI - he's the trigger man...

12-8-2014   Intel Guru SteveI   [Based on what you know and what you [Guru] Ray are hearing, is the budget the only holdup right now, or are there other things as well?]  After trying to figure this out...what sure seems to be pointing to the last accomplishment is the budget...had the budget been passed before the necessary laws, would it have worked? Answer - No. Now that HCL is agreed upon, and may laws we never heard about, we are sure on our way. [it was said...that the budget has nothing to do with the RV, that CBI is in charge of when they release the new rate and at what rate, regardless of the budget.]   ...the budget and a currency value do go hand in hand. Yes, the CBI is in 100% control of the currency rate is a part of the model of a plan that can be achieved over a period of time. This partnership has to be on the same playing field (for the lack of better term). This will be done as one, not one against another.   [post 2 of 2]

12-8-2014   Intel Guru SteveI   Iraq wants and will get this new budget done before the New Year.   I still think this is our year, so get your plan in place.  [ I believe the article was on Dec 1st that stated the budget would be ready for Parliament with in 7 to 10 days? Have you heard whether this time frame has changed?]   Yes, the time frame is correct. We believe that the closing of the 2014 and rolling it into the 2015 budget, and adjusting it to a real number based on the oil price has finally been done.  I truly believe it will get done before the new year. Date? not yet.  Rate, Yes, same as my previous predictions...it will be close to the bordering countries. [ I have read some articles stating that stability in the country is getting much better?]   This is absolutely true. Our sources say that is pretty much under control and not an issue.  Huge progress.    [post 1 of 2....stay tuned]

12-8-2014   Newshound Guru Millionday   SO ALL GOOD NEWS AND ABADI IS BACK SO WE SHALL SEE WHAT COMES OF THE LAWS ON THE SHELF -- THEY ARE ANNOUNCING DAILY IT SEEMS OF THE TRANSITION TO A MARKET ECONOMY -- PRETTY SOON THE CITIZENS ARE GOING TO START MARCHING IN THE STREETS... THE PRESIDENT IS STATING THAT THEY HAVE TO HAVE THE MEETING OF NATIONAL RECONCILIATION...SO WE SHALL SEE WHAT COMES OF THE MEETING THIS WEEK -- IT IS TO MOVE THE ECONOMIC REFORM SUCCESSFULLY SO IT SHOULD BE INTERESTING.   [post 3 of 3]

12-8-2014   Newshound Guru Millionday   Article quote: "confirmed Tamimi that "next year will witness a qualitative shift in the Iraqi market position through the practical application of the ground and create the conditions necessary for the construction of the Iraqi economy."  SHE IS SAYING THAT THEY WILL HAVE BY NEXT YEAR ACTIVATED THE LAWS IN WAITING TO TRANSITION AS THE CONSTITUTION STATES...  THEY HAVE TO HAVE A REALITY EQUATION IN ORDER TO ENTER FAIR TRADE...IT IS GLOBAL ECONOMICS. [Will we see the move before the end of December?]  WE DONT KNOW BUT...THE REALITY OF THE ECONOMY IS THE FIRST STEP -- THERE ARE THREE TO ENTER A MARKET ECONOMY AND THE FIRST IS THE REALITY OF THEIR ECONOMY.   [post 2 of 3....stay tuned]

12-8-2014   Newshound Guru Millionday   THEY ARE PUSHING...TO MOVE IRAQ TO A GLOBAL TRADE COUNTRY...  [we know the cbi will change the rate, but who will actually change the country to a market economy, GOI or CBI?]   BOTH WILL, THE THING ABOUT MOVING TO A MARKET ECONOMY THE DINAR IS ALSO GIVEN A PRICE AS THEIR PRODUCT OF FINANCE AND THE LAWS OF THE GOV PUT THEM TO A MARKET ECONOMY.  THE CALL HAS BEEN MADE TO PUT IN PLACE THE LAWS FOR THE TRANSITION...BUT ALL HAS TO BE DONE AT THE SAME TIME -- SO THIS SHOULD BE INTERESTING.   THERE ARE ALSO LOCAL LAWS THAT NEED TO BE CHANGED TO THE NEW LAWS FOR A MARKET ECONOMY BUT...THOSE LAWS...WERE DONE BY THE PREVIOUS GOV AND ARE ON A SHELF.  [post 1 of 3....stay tuned] 12-7-2014   Newshound Guru Stryker    Custom Tariffs and WTO:  QUOTE: "The Iraq plans to join the organization global trade and this joining is required country to deal flexibly with the external economy"   QUOTE: "the tariff law takes into account the provisions of facilities granted under the Investment Law No. 13 of 2006, as amended on imported goods exclusively for the purposes of investment projects, so come in order to attract the maximum amount of investment companies and businessmen to work in Iraq"   ...we should start hearing news about the implementation of the custom tariffs and Iraq movement into the world trade thru the WTO...

12-7-2014   Newshound Guru Bondlady   Article:  "Deputy likely arrival of a draft budget bill to parliament early next year"   after vacation it should be ready to be passed hopefully by 1/15...which is relativity quick for them, they usually hurry to pass it then go on vacation. then spend months afterwards fighting over it before it gets gazetted... this time they're trying to change that and get stuff worked out before the readings which will let them actually open it a lot sooner than they have before.

12-7-2014   Newshound Guru tlm724    Article quote:  "...the revitalization of the financial market will be through the launch of the trading rights of debt bonds issued by the Ministry of Finance"  ...when we see these sovereign bonds about to be issued we will know they are about to do a increase in the dinar , these are what [Guru] Shredd has been waiting for.  We have to see the CBI make the move and this article is from an economic researcher which is good, give the CBI a push and Saleh KNOWS it has to be done because it will generate more revenue for them...now that Saleh has Abadi's ear we will see rapid changes on the bond front.

12-7-2014   Newshound Guru OOTW   FROM THE COM [COUNCIL OF MINISTERS]  SITE:  "Secretary General of the Council of Ministers following the special meeting to review the strategic directions of the ministries under the government program 2014-2018"    THIS IS VERY IMPORTANT EVERYONE - THE PREVIOUS NATIONAL DEVELOPMENT PLAN, AUTHORED UNDER MALIKI, CONTAINED INFORMATION WHICH WAS NOT (AT LEAST AS IT WAS WRITTEN) SUPPORTIVE OF US SEEING A CHANGE IN VALUE OF THE CURRENCY.   HOPEFULLY THIS NEW PLAN WILL BE COMPLETELY INDEPENDENT IN ITS COMPOSITION, VS THE OTHER UNDP [United Nations Development Programme]. 

12-7-2014   Newshound Guru Stryker    2015 Budget Update:  QUOTE: "The Council of Ministers is determined to finish the preparation of the general budget for 2015 in the coming days and before the end of the financial year in the form that suits the global oil prices."  According to several news sources today the Cabinet of Ministers has received the draft budget from the Five Member Committee and is preparing it to be sent to parliament in the next few days.

12-7-2014   Newshound Guru Enorrste   Article:  "A member of the parliamentary Economy: a meeting this week to find suitable solutions to support the economy"  Abadi has shown that he wants to race to the finish line when it comes to the Iraqi economy and the restructuring of the currency.  Second, the CBI is on record that the process will begin to be rolled out in the "early part of 2015."  I am not at all pessimistic on this matter.  Third, the "basket" of laws is already in the works, according to statements from parliamentarians.  Therefore, it seems that a plan has been made and is in the process of being implemented on a time schedule that has already been announced.  That being said, I see no reason to backpeddle our thinking at this point.  Of course this is Iraq...

12-7-2014   Intel Guru EXOGEN   THE HCL/OIL AND GAS + GOI = RV.   EQUATION IS NOW COMPLETED AND MANY DO NOT EVEN REALIZE THAT YET.  ALL WE ARE LOOKING FOR NOW IS THE RATE, WHICH WILL BE PRESENTED UNDER  IMF ARTICLE VIII, AND IRAQ SHOULD BE MAKING A WORLD TRADE ORGANIZATION ANNOUNCEMENT, WHICH WILL TIE INTO THE OFFICIAL TARIFF ACTIVATIONS WITHIN THE COMING DAYS, AS THE 2015 BUDGET IS PRESENTED SIMULTANEOUSLY.

12-7-2014   Newshound Guru Kaperoni   The dinar you and I hold is part of a controlled leak by the CBI. They know exactly how much was sold with the intention to bring it back through the world's central banking system.

12-7-2014   Newshound Guru Millionday   Article quote:  "the tariff law takes into account the provisions of facilities granted under the Investment Law No. 13 of 2006, as amended on imported goods exclusively for the purposes of investment projects, so come in order to attract the maximum amount of investment companies and businessmen to work in Iraq."  Quote: "The Iraq plans to join the organization global trade and this joining is required country to deal flexibly with the external economy ", calling at the same time to create a balance and activate production bases in the Iraqi economy while keeping an openness to the world in freedom of import and export."   Tariff creates a local industrial base; Iraq and WTO; Iraq Investment Law!!! (HUGE)

12-7-2014   Newshound Guru Stryker   Sovereign Bonds:  We should start hearing news about Bond offerings through the Central Bank of Iraq to support the Monetary System and not for projects. Last year these Bonds were to go on the Bond Market but were cancelled due to postponement of the deletion of the zero project. So it only makes sense that the CBI would offer these as we get closer. This bonds will be offered in Iraq's currency (IQD) and not in the USD. Yesterday we had news that the government may adopt the issuing of Sovereign Bonds. These would be to support housing projects and the private sector that would help out next years budget deficit, since these cost would not come out of the budget itself.

12-7-2014   Intel/Newshound Guru Poppy3   ABADI...HAS NOT LET THEM TAKE ANY TIME OFF PERIOD. THEREFORE HE WANTS THE RATE AND IS DOING EVERYTHING POSSIBLE TO GET TO A PLACE WHERE THE CBI FEELS CONFIDENCE TO RELEASE IT. DOESN'T MATTER THE DAY OR DATE LIKE A 15TH OR FIRST OF ANY MONTH BUT THE DAY THEY FEEL CONFIDENT THEY WILL RELEASE PERIOD.  IT CAN BE AT ANY MOMENT LITERALLY.   [post 2 of 2]

12-7-2014   Intel/Newshound Guru Poppy3    NOW THAT THE HCL IS AGREED ON AFTER YEARS AND THEY RUSHED TO EVEN SET A TEMPORARY HCL IN PLACE, WHY IN HEAVENS NAME WOULD THEY NOT RELEASE A RATE ASAP? LET ME SAY THEY WILL. THEY ARE ABSOLUTELY FROM ALL THE NEWS TIEING UP EVERY SMALL DETAIL AND PREPPING TO RELEASE THE RATE JUST DOESN'T MAKE SENSE TO RUSH IN EVERY WAY AND THEN STOP!  DOES IT.  [post 1 of 2....stay tuned]

12-7-2014   Newshound Guru Kaperoni   Article:  "Rafi Abd al-Jabbar: the previous government brought Iraq to the brink of collapse"    Unfortunately this is true in many ways.  Not only financially, but economically and with the ISIL problem now much of these provinces are now having years of infrastructure damaged.   ISIL does not leave without ruining everything in its path. That being said...nobody knows just how long or how much of this is going to have to be repaired before the banking system can open up to the world. This is an unknown and despite the progress we see and the timeline we think, it could be the one cog in the wheel we just cannot find the answer too.  The true effects of leaving Maliki in office for as long as he was may not be felt until years from now....the banking system must be solid for the world to participate. I would expect that is why the World Bank was given that task from the beginning. All the recent news of theft, money laundering has me wondering if the banking system is anywhere close to being ready for global activity.

12-7-2014   Intel/Newshound Guru Backdoc   IF IRAQ WANTS TO GET GOING AND DIVERSIFY THEIR ECONOMY THEY NEED A RATE TO DO IT.  ALSO THE TARRIF LAWS CANT BE IMPLEMENTED WITHOUT A RATE.  WHAT GOOD IS A BUDGET WITHOUT A RATE? HOW COULD IT BE OPENED UP TO THE PUBLIC?  REMEMBER THEY SAID ONE BASKET! One vote!

12-7-2014   Intel Guru Frank26   They will be silent on 2015 budget until around the 17th.   AND...So will any further news on the HCL as it is buried deep in the budget on purpose. 12-6-2014   Intel/Newshound Guru tman23  We can talk market economies until we are blue in the face...The WTO...The stock market...The biggest point to be made is market economies do not happen over night...and Iraq needs infrastructure and that takes time to build...and workers need security and feel safe...Iraqis have minimal skill so foreign workers need to be on site...That being said...they import just about everything and have lost 40% on their main export income...so the best thing going for them is they have an undervalued currency that can be adjusted and provide them more purchasing power on imports...And 1 - 1 isnt the answer.

12-6-2014   Newshound Guru Enorrste   Article:  "Foreign investment to support the economy"  Anytime we see articles pushing "more than ever" for international investment in Iraq this must be a good thing.  No serious investment will occur until Iraq moves to Article VIII and begins to float its currency on the international market.

12-6-2014   Intel Guru DC  [via Adept1]    Abadi should be announcing that the CBI has changed the rate and now we are rich. That’s supposed to be coordinated by the BIS+CBI.  They are waiting to be sure the US is really on board this time.  They are handling this as low-key as possible, so there will not be announcements from the US, UK, or wherever.  Everyone is in place.  Iraq is ready.  Rates were changed here again yesterday and this morning.  Even in the US, everyone is ready to get going.  I think we will be cautious but positive.  I have the latest articles here, and they say Iraq is running half days on Sunday and Monday.   Tuesday, Wednesday and Thursday are declared official holidays again.   They are planning on doing something, they just don’t know when it will come out. 

12-6-2014   Intel Guru TNT Tony  [via Adept1]   We continue to think weekend is the best time.  Iraq keeps saying everything is ready to go.  They have agreed to let the central bank be on its own.  They don’t want to look like idiots if they try to let this go and get stopped again.  In Geneva meetings yesterday, Abadi looked them in the eye, and everyone said yes and agreed to let this go.  It is scheduled to happen, and we’ll see what happens. 

12-6-2014   Newshound Guru Millionday   IRAQ IS MOVING TO ENTER A MARKET ECONOMY OF TRADE WITH THE WORLD.  THIS WILL BE WITH THE ACTIVATION OF STRATEGIC FRAMEWORK AGREEMENTS.  THIS IS WORLD TRADE WHICH REQUIRES A REALITY RATE AND  INTERNATIONAL COMPLIANCE WITH ALL TRADE LAWS RESPECTED.  THE COUNTRIES OF THE WORLD ARE OPENLY COMPETING FOR TRADE AGREEMENTS DUE TO THE HUGE OPPORTUNITY IN IRAQ`S ECONOMIC REFORM.

12-6-2014   Newshound Guru Kaperoni   Article:  "Iraq on the doors of an unprecedented jump in the export of oil"   Raising level of oil exports will help the dinar rise in value...  Once they pass these laws and the money is flowing into Iraq to invest in other various sectors, the additional exports of oil will be huge.

12-5-2014 **** Dinar Guru News Flash  ****  We have consensus among the gurus, the oil and gas law between the Kurds and Baghdad has officially moved to the final stages (The US State Department has even congratulated Iraq on the accomplishment!)...The Kurd's get a 17% take and Baghdad is recognized as the central authority...both HUGE hurdles.  Most gurus agree, cooperation and compromise is snowballing at a record pace...as trust builds so does actions!  The HCL is not voted on yet...stay tuned as the INTERNATIONAL implications of this law unfold and the gurus reports flood in.  Also, with all the positive momentum happening around the dinar, Dinar Guru members keep an eye in your email for a special email from me next week..."In house" MAJOR ANNOUNCEMENT.
[Read the latest updates below]

12-5-2014   Intel/Newshound Guru Poppy3  ...NEWS IS FAST AND FURIOUS RIGHT NOW.  PROGRESS IN SECURITY, FINANCE LAWS RUNNING HAND IN HAND. GUYS THEY ARE MOVING FASTER THAN EVER TO IMPLEMENT THE DIFFERENT PHASES OF FINANCIAL REFORM . EVERYTHING BEING REPORTED AND BEING COMPLETED IS HEADING IN OUR DIRECTION. THESE GUYS WERE TO HAVE STARTED A 30 DAY HOLIDAY ON NOV 30 AND THE PM AND JABORI TOLD PARLIAMENT AND GOI COMMITTEES THEY WILL STAY AND FINISH EVERYTHING REQUIRED BEFORE ANY BREAKS...ITS ALL IN OUR FAVOR.  INVESTORS ARE WAITING FOR ONE THING A VIABLE RATE ON THE CURRENCY THAT IS TRADEABLE.  ISIS IS NOT THE ISSUE.    

12-5-2014   Intel/Newshound Guru tman23  I expect the Budget to be in Parliment Tuesday or before...I did read they said it would be next week and would be read and then voted on...could be translation or could be they had a reading and this would be the second draft and read then vote...they have have not been real clear on 2014-2015 budgets and how it works legal wise...But again 3 different articles lead to a read and vote...could be Sunday...They have said before the 15th also.

12-5-2014   Newshound/Intel Guru BGG  I just finished the last 18 pages of news... it was breath-taking!!  the volume of progress was the main thing.

12-5-2014   Intel Guru Mnt Goat    I am very optimistic about these next week...in the next couple days they are going to run the UST managed system once again to calculate and bring new rates downstream to banks and exchanges. This time I am hearing we can expect a double digit rate for the international IQN rate in the USA. Dong too is very high. Wow ! Sounds almost unbelievable but this is what I am told will overlay the current $3.58 rate now being used for these early group exchanges. The system has not been re-run since they began almost a month ago. Why so high?  This rate will reflect the drop in the dollar due to the drops in oil prices. If it takes more dollars to exchange a dinar then the rate must go higher. This is the case since the Iraq dinar is a somewhat stabilized rate for years. This was also part of a negotiating item in the recent talks with IMF and the BIS.  I am hearing the Dinar and Dong will revalue and be available for exchange at the same time...

12-5-2014   Intel/Newshound Guru Poppy3    [ I believe with the per barrel price drop it will effect the exchange rate for the IQD--lowering it- but gas will go up , always does.]   NOPE WILL NOT EFFECT THEIR MARKET RATE FOR A LONG WHILE. THE NEW RATE WILL BE BASED ON ALL ASSETS AND MARKET POTENTIAL.

12-5-2014   Intel Guru EXOGEN   NOTE: THE 1-800 NUMBER APPOINTMENT SYSTEM FOR EXCHANGE & ROUTING SYSTEM IS NOT SET UP LIKE MANY THINK.  THERE IS NO MASTER 1-800 ROUTING SYSTEM THAT MULTIPLE COMPETING BANKS WILL BE SHARING.  INDIVIDUAL BANKS WILL HAVE SPECIFIC 1-800 NUMBERS THAT WILL DIRECT YOU TO EXCHANGE LOCATIONS FOR THE CURRENCY YOU HOLD.  EVERY BANK OR BRANCH  IN  YOUR AREA WILL NOT BE A PARTICIPATING EXCHANGE BANK.  MANY BANK 1-800 NUMBERS WILL BE HIDING IN PLAIN VIEW (HINT HINT).  THERE WILL BE DIFFERENT ONSITE AND OFFSITE EXCHANGE OPTIONS BASED ON EACH BANK.

12-5-2014   Intel/Newshound Guru tman23  Confirmed a report by the International Center for development studies, based in London, the Iraqi budget deficit poses a clear threat to the economy of Iraq, according to the report, the deficit exceeded $50 billion so that Iraq would be at risk of bankruptcy, Iraq will be unable to pay the salaries of its staff seems to be indicators of bankruptcy is looming on the horizon.  So Iraq NEEDS TO PASS THE BUDGET!  And to purchase imports their collective major export has lost 40% in value...BUT THE GOOD NEWS IS THEIR CURRENCY IS WAY UNDERVALUED... AND THEY CAN OFFSET THE 40% AND HAVE MORE IMPORT PURCHASING POWER BY SIMPLY... RAISING THE VALUE OF THEIR CURRENCY!

12-5-2014   Newshound Guru Adam Montana    [Does the decline in oil prices further support your prediction all along of a $.10 rate?]   I've been thinking on that one...so far I'm leaning towards "no change" in my guess of the possible rate...the oil price isn't permanent. Also, I think it will be a floating rate, and it will rise as the CBI is able to.   So .10 is still a good possibility even with the lower oil prices.

12-5-2014  Newshound/Intel Guru BGG    [Can you explain what is going to happen to all the bills that we have now...because of the 10K new ones...and eventually the 25K ones?  Will we need to exchange our old for the new before we can exchange for the dollars at RV time?]  I doubt it...ours are in so much better shape it won't be hard to verify them - is my current opinion.

12-5-2014   Intel/Newshound Guru tman23  I have no explanation for the NEW 3 zero notes...it's not smoke, it's listed on the CBI site informing citizens...It is for that reason I believe there may be a "short window" to exchange our 3 zero notes at a high value... "a reinstatement rate" ...then come 1/1/2015 a lifting of the 3 zeros... BUT THIS IS ONLY MY OPINION OF ONE POSSIBILITY. 12-4-2014   Intel/Newshound Guru Poppy3   [so wto should be coming up next and they need a rate for that right?]  BY ALL INDICATION YES THEY DO. NEVER HEARD ANYONE OFFICIAL SAY THEY COULD BECOME A FULL MEMBER WITHOUT A MARKET RATE. I KNOW THEM JOINING OR ANY COUNTRY JOINING HAVE TO JUMP THROUGH A BUNCH OF REQUIREMENTS TO GET FULL MEMBERSHIP. THEY DON'T HAVE TO JOIN BEFORE A RATE BUT IT WILL BE VERY VALUABLE TO THEM WHEN THE RATE IS REVEALED.  [post 2 of 2]

12-4-2014   Intel/Newshound Guru Poppy3   2014 [budget] completed and the balance of projects were moved into 2015 in a effort to expedite completion. BALANCE OF 2014 WAS PAID WITH THE LOAN THEY OBTAINED FROM THE WORD BANK. WE ARE SETTING PRETTY AT THIS POINT.  MOST ALL THE BANKING LAWS HAVE PASSED, THE HCL, TARRIFF LAWS AMENDED, AT THIS POINT MANY OF THESE SUPPORT ONE ANOTHER AND THEY CAN'T DO ONE WITHOUT THE OTHER AND THAT INCLUDES THE RATE SO THESE CAN BE FUNDED. WE ALL WAIT AND WATCH FOR THEIR ACTIONS OF IMPLEMENTATION.   [post 1 of 2....stay tuned]

12-4-2014   Intel/Newshound Guru tman23   Never seen a deadline met in Iraq yet...But they need to get the 2015 Budget tabled before the 1st of the year...and I suspect by the 15th if they are following their Constitution.  Read a report that the 2015 budget is "expected' to be balanced by the CoM and sent to Parliment next week for reading and vote...usually the first reading gets changes which takes 2 weeks then sent back to Parliament...but they are saying READING AND THEN VOTE.

12-4-2014   Newshound Guru Adam Montana  [...the US State dept. issued a statement congratulating Iraq for passing the Hydro Carbon  Law does this mean the RV will be happening This week or when? Or is there another hold up?]   We're right in the middle of a huge event, and there is definitely a chance that this will roll right into THE big event!   I'm not going to speculate more on that until I know more... hang tight!

12-4-2014   Intel/Newshound Guru Backdoc   Articles:  "Saudi expects oil to stabilize around $60 a barrel"  "Saudi Arabia expects oil prices to stabilize around $60 a barrel, Dow Jones reported Wednesday, citing sources familiar with the situation."  THESE ARTICLES CONFIRM WHAT I HAVE BEEN STATING THAT IRAQ WILL HAVE TO CUT EXPENSES, INCREASE NOT DECREASE OIL PRODUCTION, AND DIVERSIFY THEIR ECONOMY!  WITH OIL POTENTIALLY HEADED NOW TO 60.00/ BARREL, AND IRAQ ALREADY LOOKING AT A 30% LOSS OF REVENUE, THEY REALLY NEED TO GET THAT INTERNATIONAL RATE TO RECRUIT NEW BUSINESS!  THEY DON'T HAVE TO GIVE US A RATE OR DATE BECAUSE THE MARKET ALONE WILL PUSH TEAM ABADI TO ROLL!

12-4-2014   Newshound Guru Millionday    ESX HAS CONNECTED TO AMEX NASDAQ.  THE ERBIL MARKET WILL JUST REMAIN CONNECTED TO ISX UNTIL THEY ARE FULL ENOUGH OF TRADING COMPANIES.  THEY ARE AMENDING THE BANKING LAWS IN A HURRY AND CBI IS IN THE FINAL STAGES -- THEY ARE NOT RELEASING THE INFO ON EVERYTHING BUT HAVE REACHED THE FINAL STAGES.   THEY ARE WORKING ON ALL THE DIRECTIVES TO ACTIVATE THE IMPORT/EXPORT AND THE TARIFF LAW THAT HAS BEEN ON THE SHELF -- THEY WILL NEED TO BE INTERNATIONALLY RECOGNIZED TO IMPLEMENT A MARKET ECONOMY.

12-4-2014   Intel Guru Angelquest   I didn't come in here to tell you it is done however we are pretty sure it is but POLITICS AND BIG EGOS stops it...all the world must be ready. SOMEONE just...asked if I think it will be before Christmas? To answer that I would say I have it on semi-good authority that they do want it out but then again just as good authority it will ALL be done before they seat our new congress...sorry wasnt much help.

12-4-2014   Newshound Guru Adam Montana   [The significant drop in crude pricing will certainly affect the 2015 budget and the potential RV.  Could an upward valuation of the Dinar overcome the lower pricing and put Iraq on a good monetary footing?]  Yes, and it's also important to note that this drop in price on crude isn't a permanent thing.

12-4-2014   Newshound Guru tlm724   Article quote:  "We are working to modify the central bank laws and money laundering...that the amendments to the central bank and banking laws, money laundering and reached the final stages"   this is being repeated in the news and should be! It is going to make all the difference for Iraq, bring them in compliance for the IMF, propel their economy using international standards of operation and will without doubt strengthen confidence in the country as well as the dinar!  

12-4-2014  Newshound Guru Shredd   I feel in the coming months we will see what that first step in rate change will be and that first step will tell us the method  then, the second rate adjustment will indicate the pace...we will learn so much once the process of improving the rate STARTS and ...once that happens, demand will explode.  we'll all be able to decide when and how we will want to exchange our dinar, pretty exciting.  the news on the banking laws alone is amazing...these laws being passed will remove road blocks to investment. The largely stale status of investment hasn't been all about investor fears it has been due to waiting for assurances of protection, compliance and transparency, the interest has been there...so we can't under-emphasize the weight these laws carry.  yes, exciting times.  [post 2 of 2]

12-4-2014   Newshound Guru Shredd   I'm am so optimistic about this investment.  I was chatting with my wife about the dinar...I was taking the approach of how much distance the dinar will travel regarding the rate from 1166 to a fair market-driven rate and over a 4-5 year window and when you look at it that way, it's pretty exciting to consider how quickly the dinar can appreciate in the coming months.   I mean, the CBI stated this process will be "gradual" but we don't know if that will be via a managed float (which makes sense to me) or via a market-driven free float.  [post 1 of 2....stay tuned]

12-4-2014   Intel/Newshound Guru Poppy3   WE ALL KNOW THEY MUST HAVE A RATE BEFORE THEY CAN IMPLEMENT THE HCL.   THEY HAVE PUSHED VERY HARD FOR SEVERAL YEARS TO COMPLETE IT.   I CAN'T IMAGINE THEY HAVE SPENT ALL THIS TIME REACHING AN AGREEMENT AND ARE NOT PREPARED WITH EVERYTHING ELSE SO THEY CAM IMPLEMENT IT WITHIN A COUPLE DAYS OF THE AGREEMENT.  TIME WILL TELL BUT IT WILL NOT BE LONG IN MY BOOK.  

12-4-2014   Newshound Guru Kaperoni   Article:  "MPs and economists working on the establishment of an Iraqi economic council"   this new council being assembled is to push forward and implement the market economy. We are seeing Iraq set the stage and create the conditions for their emergence right before our eyes.

12-4-2014   Intel Guru EXOGEN    ...THE "RV" BLOCKS IN D.C. HAVE BEEN TEMPORARILY, FIXED AS OF 24 HOURS AGO, AND THE NEEDED AND REQUIRED DOCUMENTS HAVE BEEN SIGNED FOR THE PROCESS TO MOVE FORWARD.  THE NEEDED AND REQUIRED G.C.R. DOCUMENTS HAVE ALL BEEN DELIVERED TO THE PROPER LOCATIONS AND THE AGREEMENTS HAVE BEEN SIGNED AS WELL.  GLOBAL BANKING AND FINANCIAL INSTRUMENTS ARE CURRENTLY BEING CALIBRATED.

12-4-2014   Intel Guru TerryK   FOR THE USA TO SEND CONGRADS TO IRAQ ON THE HCL BEING PUT INTO PLACE,  THEY WOULD NOT DO THAT UNLESS ITS IN PLACE.  SECOND IS THAT PARLIAMENT IS STILL IN SESSION AS ABADI WILL NOT LET THEM TAKE OFF.

12-4-2014   Intel/Newshound Guru Backdoc   I CONTINUE TO BE INTERESTED IN DECEMBER 12TH AS A DAY OF COMPLETION CONCERNING THE LAWS IN TIME WINDOW THEY GAVE US TO COMPLETE THEIR BUDGET AND HOLIDAY!  IT APPEARS THE THREE DAY HOLIDAY SISTANNI CALLED SEEMS TO BE EXTENDED TO 5 DAYS? OR IS THIS ANOTHER ONE? MMMM.  DOES THAT TAKE US TO MONDAY? THE STOCK MARKET TRADES MONDAY THROUGH THURS.!  TODAY THEY ADMIT THE BANKING LAWS ARE NOW READY AS WELL! MMMMM.  ONE BASKET! MMMM.  THE NEXT POSSIBLE DAY OF COMPLETION IS JAN. 1 ST SINCE IT IS THE FIRST MONTH! MMMM.

12-4-2014   Newshound Guru Millionday    THEY SIGNED AND VOTED IN A TEMPORARY HCL AND HAVE AGREED ON THE OTHER ISSUES... THEY PASSED A TEMPORARY SO THEY COULD BEGIN IN PRODUCTION AND AGREE FORMALLY ON FINANCES.  THE ERBIL AGREEMENT OF 17% AND SOME OTHER AGREEMENTS WILL TAKE PLACE WITH THE 2015 BUDGET. THE IMPACT OF THE ERBIL AGREEMENT CONFIRMS A POSITIVE EFFECT ON THE REALITY OF THE ECONOMY AND ALSO THE IMPLEMENTATION OF THE GOVERNMENT PROGRAMS.  SOME OF THE AGREEMENT FINANCIALLY WILL BE ACTIVE JAN 1ST 2015 AND SOME NOW.   THE ERBIL AGREEMENT HAS MOVED ALL THEY WANT TO A BETTER PLACE FOR IMPLEMENTATION. THE UN , US , AND BRITAIN PRESSURED TO REACH AN AGREEMENT BUT HAD NO INPUT ON WHAT IT WAS. 

12-4-2014   Newshound Guru Adam Montana    [I'm curious about your thoughts on the Iraq politicians taking a 50% reduction in pay. Since politicians rarely take a pay cut, I'm thinking this is a very positive sign. Is this just an attempt to balance the budget?]  I am hoping this is a move designed to accommodate a significant change in the value of the rate, because you are 100% right - politicians don't just agree to something like this for no reason!
12-3-2014   Intel Guru Tony  [via Adept 1]   So, Sunday and Monday they were having pre-celebrations, with everyone excited about the announcements to be made.  Abadi made the first part of the announcement, but CBI didn’t do their part, and everyone was upset. So they have rescheduled the celebrations for…[tomorrow afternoon through the weekend.]   It could be today, tomorrow or Sunday night.  There is a go, go, go now.  Iraq will decide when we go exactly – this time they say they have totally released it to Iraq, for their timing.  We should feel good, yes, but we’ve been here before.   Everyone is in position and celebrations are planned for tomorrow, so let’s see what happens!

12-3-2014   Intel Guru DC   [via Adept 1]   The UN are aggravated as hell that the US continues to throw up BS flags all the time. They are applying pressure on the US to allow this to go through. The BIS+IMF are still trying to coordinate timing and keep the egos in check. The UST and administration guys are being told GO from the highest levels, as of yesterday.  Now everyone is getting prepped up and going into lockdowns. They are loading the systems back up as well. The banks are ready to take this forward now. The security and call centers are prepped and ready to rock. [Can you tell us the latest rate on the VNN?]   They are currently expecting $1.02.  [Do you believe it will happen in this last window?]  Many believe it is the final window, including Iraq, but all of us are cautious because someone might mess with it again, with all this up and down. We’ve been to the 1” line before, and that is where we are right now.   [post 2 of 2]

12-3-2014   Intel Guru DC  [via Adept1]   Iraq has done some great things in the last week.  Yesterday they announced the formal agreement to the HCL in Kurdistan and in Baghdad. That certifies the 17% is going to Kurdistan plus a few other things they changed around. That was a big thing for Iraq to do. They are adjusting their budget based on the fall in oil prices...On the television side, they have announced the economic reform is in place, but also there are riots because it has not been completed yet.  They are saying it’s nearly over with.  Abadi gave a great speech about Iraq joining international markets on Monday night.  They are still prepared for parties and celebrations with areas blocked off and PA systems ready for the final deal.  One reason the riots occurred is they thought the RV would happen immediately after Abadi’s speech, and they were disappointed. They continue to prepare for celebrations because yesterday in the US they realized they need to move forward.  [post 1 of 2....stay tuned]

12-3-2014   Intel/Newshound Guru Backdoc   IF THE GOI STAYS ON SCHEDULE, WE SHOULD BE EXPECTING THE BUDGET LAW BY THE 10TH DAY AS THEY SAID...AFTER TODAYS NON-VOTE ON THE ANNOUNCED HCL, I BECOME A LITTLE MORE INTERESTED IN THE 3 DAY HOLIDAY SISTANNI ANNOUNCED WHICH RUNS FROM THE 10TH TO THE 13TH!  ARE THEY PLANNING A SPECIFIC DATE FOR THE ONE BASKET VOTE?  ...ONLY IN HINDSIGHT WILL WE KNOW, AND WILL IT MATTER?  MAYBE NOT BECAUSE THE CBI WORKING INDEPENDENTLY NOW THAT ALL BANKING LAWS ARE IN PLACE, CAN SET AN INTERNATIONAL RATE ANY TIME!  I FAIL TO SEE WHY TEAM ABADI WOULD WORK SO HARD WITHOUT BREAKS LIKE A ROCKET SHIP TO GET THINGS DONE, JUST TO HURRY UP AND WAIT!

12-3-2014   Newshound Guru Adam Montana   The news on all things HCL kind of speak for themselves - what's going on right now with the agreement between the Kurds and Baghdad is HUGE! I have a lot to say about it, but the details are still coming in so I'm going to hold my peace for now...if they want to go ahead and RV before I have a chance to share all my thoughts on it, that's fine by me! [Stay tuned for Adam's take on all this HCL news...you won't want to miss it!]

12-3-2014   Intel/Newshound Guru Poppy3 ...HERE IS WHAT IS TO BE CONFIRMED NEXT THEY ARE MOVING FAST AND SHOWING AMOUNTS. CAUTION AS MUCH OF THIS HAS NOT BEEN CONFIRMED BUT MUCH OF THESE DECISIONS ON HCL AND OTHER BANKING LAWS ARE TO BE VOTED IN ONE PACKAGE SO THEY CAN ALL BE IMPLEMENTED AT ONE TIME. THINGS ARE SO EXCITING RIGHT NOW BETTER THAN ANYTIME IN MY 11 YEARS IN THE INVESTMENTS. IRAQ WILL HAVE A TRADEABLE CURRENCY BEFORE THE GOI AND PARLIAMENT CAN TAKE ANOTHER HOLIDAY DAY OFF ACCORDING TO ABADI AND JABORI.  REALLY OTHER THAN ANNOUNCING THE RATE , HOW COULD THE NEWS BE BETTER?  I AM PUMPED. 

12-3-2014   Newshound Guru Aggiedad77   PM Abadi continues to prove that he is the real deal...that he has what it takes to turn Iraq around...his platform of integrity and compassion towards all Iraqis is proving itself day after day...his proclaimed war on corruption is boundless and knows no adversary too great...he has had the mighty wolf, the rogue wolf huff and puff at him and failed to be cowed...this man is bringing Iraq out of the dark ages...and is doing so at lightening speed.  Every day there is cause for celebration...he has won the confidence of the Kurds, he is in the process of winning the confidence of the people of Mosul and those war torn areas of Ramadi and Fallujah...the tribesmen are listening to him, they watch his actions and they sense real progress for a change.

12-3-2014   Intel Guru Frank26   12 that are the Central Banks of This World...YES It is now SECURE enough to release the Horse from The STABLE!  I pray that what You see at the CBI and GOI has caused You 12 favor in a new RI rate for the IQD.

12-3-2014   Intel Guru EXOGEN   THE LAST CALL RECEIVED FROM "INTEL HANDLERS"  WAS "HO HO HO...BE READY"  HIGHEST ALERT EVER!!!   HCL + GOI = RV.

12-3-2014   Intel/Newshound Guru tman23   Article quote:  "The Council of Ministers held its twelfth regular meeting on Tuesday chaired by Prime Minister lone Abadi...the Council of Ministers decided to approve the agreement between the Federal Government and the Kurdistan Regional Government, which was attended by Prime Minister Haidar Al-Abbadi, Chairman of the Federal Kurdistan Regional Government nechirvan Barzani..."   That should end the debate of a HCL agreement...All oil belongs to IRAQ...and the Kurds agree! Barzani attended the CoM meeting with Abadi...So now is it the correct time to say DONE DEAL!

12-3-2014   Newshound Guru Bondlady   "Cabinet approves oil agreement between Baghdad and Erbil Section"  Quote:  "In the NBA came to us just said that the Council of Ministers approved the oil agreement between Baghdad and Erbil"   huge stuff there.   they get their 17% and a ton of dinar for the Peshmerga army and they get to export...and they pay more oil to Baghdad too. they are all fighting now too for the same goal and together not running wild every which way,  team work!  [so can we say the oil law is passed and is official?]  not yet but it is very close.  They just jumped the hardest hurdle and I think the rest will go pretty smoothly.

12-3-2014   Newshound Guru tlm724   Article: "Cabinet approves oil agreement between Baghdad and Erbil Section"  Quote:   "In the NBA came to us just said that the Council of Ministers approved the oil agreement between Baghdad and Erbil"   this agreement between the federal government and the Kurdistan Regional Government is an extraordinary event in the history of Iraq!  it is a real agreement! It will further the final agreement on the HCL and we should see the budget presented any day as well, wouldn't surprise me to see it this week imo...Abadi has Iraq on a fast track, that is obvious!  this is reconciliation at it's finest, total unity in Iraq, an agreement that has been debated and argued about for years and now it is done.

12-3-2014   Newshound Guru EXOGEN   [WHAT IS THE CONTRACT RATE FOR THE VNN?]  THERE ARE NO OFFICIAL RATES UNTIL ALL IS LIVE...LAST WE GOT ON VNN RATES WAS 57 CENTS TODAY.  [Can anyone tell us if there will be places to exchange in hawaii? Any location?]   ONCE THE RATES ARE LIVE THERE WILL BE EXCHANGE BANKS GLOBALLY.  ["U.S. Congratulates Iraq on Hydrocarbon Agreement" What does this really mean?]   THE BEST NEWS EVER AND HISTORY HAS BEEN MADE IS WHAT THAT MEANS.

12-3-2014   Newshound Guru Enorrste    Article:  "Saleh: 2016 year is ideal for the deletion of zeros"  The "project to delete the zeros" is the actual removal of the large notes.  This cannot take place at the same time the float begins, but instead must occur AFTER the float has begun.  I see no impediment to a float beginning in January or so...Once the banking laws are passed, and they are nearing completion on them as I write, then the CBI can begin the float, IMO.

12-3-2014   Newshound Guru Kaperoni   Article:  "Central Bank: Amendments in the bank and banking laws and reached the final stages"  [And now HCL is done!]   HCL agreed upon. Not done till voted on. 12-2-2014   Intel Guru TerryK   IM HEARING NOTHING BUT GOOD STUFF...LIKE ANY TIME...AGAIN.  [Is the drop in oil price part of the GCR process?]  YES IT IS AND IS GOOD FOR THE GLOBAL ECONOMIC RECOVERY.  [so the new year should be good for the Iraqis and hopefully us?]   I WOULD SAY BEFORE BUT NO LATER.

12-2-2014   Newshound Guru Enorrste   I am simply amazed at the relative speed at which Al-Abadi is moving!  Of course Maliki was no standard to measure by, since he had the brakes on his entire administration.  But Al-Abadi is managing to move on many fronts at the same time (battling ISIS, working with the Kurds, getting banking laws passed, and bringing small private investors into Iraq, for instance).  I have a strong feeling that the first quarter of this coming year will see some significant gains in the value of the dinar.  I personally expect the float to begin in January.  Of course, I could be wrong.

12-2-2014   Intel Guru Mnt Goat    I still believe Iraq is literally very much on the verge of bringing back their currency online to a global status.  However my USA contact  now says it may be late December or early January before it is finalized on the public exchanges.  Iraq will make their needed announcements and it will show up on the exchanges.  Could they pop this out prior to Christmas to the general public? Yes – I believe anything is possible but first I know they want to get all the registered groups exchanged first. They are about complete with that now so it could happen before Christmas.  I believe we are in a rare opportunity and window like never before. In the coming days we should expect the RV.   [post 3 of 3]

12-2-2014   Intel Guru Mnt Goat    Resuming the Project to Delete the Zeros...I could hardly believe my eyes when I saw an article come out late on Sunday 11/30. WOW!  I have been waiting to hear this news now for a long time. Iraq has decided to continue the project to delete the zeros... they had to continue this project prior to any RV happening. This is why I am so excited. I am also excited because Dr  Shabibi (remember him…the former head of the CBI) is back and he was exonerated from any crimes over the weekend. He has officially retired but is still helping out with Iraq until this project is fully completed. They needed him back to do this RV. I fully believe and will stick to my guns on this one.  [post 2 of 3....stay tuned]

12-2-2014   Intel Guru Mnt Goat   Ongoing Budget Saga Update...As you may have heard the Budget was not passed on Saturday 11/29. This was due the readjustments needed for changing oil prices. Abadi did however say that they would work in the next 10 days to get it done. Remember also that parliament was supposed to go on a 30 day recess beginning Dec 1st. So we know they must conclude this effort quickly. I believe they will have a budget in 10 days.  [post 1 of 3....stay tuned]

12-2-2014   Newshound Guru Kaperoni   Article:  "Iraqi markets will not be affected by rising global value of the dollar"   [They have talked about pegging their currency to the gold & I believe 5 other world currencies...do you think they will go to this peg in the beginning of float or gradually slid into this after several months?]   there is no proof whatsoever that Iraq will peg the dinar to any other currency, basket or gold.  In order for the dinar to become a "reserve currency" (as stated by Saleh)  it has to free float in which its true valued is determined by market forces and supply and demand.

12-2-2014   Newshound/Intel Guru BGG  ...my comments about an HCL being "as good as done" might not have been so off the mark after all?  My take - things are moving much faster than we can keep up with (from here).

12-2-2014   Intel/Newshound Guru tman23  December 31st the books close on the year 2014...January 1st is the NEW FISCAL YEAR for Iraq State Banks...They have STATED many times that the APPROPRIATE time to lift the zeros is at the START of the year...NOT in the middle of a months or quarter...That is in ink several times!  They have been working overtime in financial institutions but no leaks on currency rate changes etc...If the plan is by the 1st of the year...it will have to happen a week or two before for book keeping and ease of transition.

12-2-2014   Newshound Guru Stryker    Abadi's Council of Ministers Approves All Agreements With Kurdistan "and the agreement is valid as of 01/01/2015"

12-2-2014   Newshound Guru Tlar   It doesn't take a great leap of faith to think that much of what is taking place might be Saleh, the new economic advisor and Shabibi's friend, behind helping engineer these changes and Shabibi's return.  [So Tlar is Sabibi around now just  to bury Maliki, or help the CBI with it's plan to delete the zero's.  Or both?]  ...your guess is as good as mine. I just know were I Abadi and if I really wanted all these reforms to work along with getting rid of Maliki once and for all, I would re-instate Shabibi not only because he has international standing and is well respected, but because he has demonstrated his expertise and authored the monetary plan that got them to this point.  I would make him the governor at least until he finished his plan allowing him to finish his job of putting humpty dumpty back together again getting full credit.  Then let him retire honorably when he wants to with full retirement benefits.   But that's just me.

12-2-2014   Intel/Newshound Guru Poppy3     they ARE SUPPOSED TO BE ON HOLIDAY FOR THE NEXT 30 DAYS AND JABORI AND ABADI SAID NO BREAK TILL ALL IS COMPLETE. SOUNDS TO ME MORE LIKE THEY ARE NOT WAITING FOR SOME DATE IN THE FUTURE...SOUNDS TO ME LIKE WHEN THEY GET REQUIREMENT AT THE POINT THEY WANT REGARDLESS OF TIME OR DATE THE RATE WILL CHANGE WEATHER 2014, 15, ON THE 1ST, 2ND, 7TH, SO ON...WHEN COMPLETE IT WILL HAPPEN PERIOD. 

12-2-2014   Newshound Guru Millionday   ABADI HAS ANNOUNCED THE OPENING OF IRAQ TO THE ENTIRE REGION-- THIS IS THE ANNOUNCEMENT OF FOREIGN POLICY.  THIS WAS ON INTERNATIONAL NEWS FOR THE REGION FOR ALL TO SEE.  THIS IS THE MOST IMPORTANT ANNOUNCEMENT MADE SO FAR IN IRAQ AND IS CONFIRMED AS WELL.  IRAQ IS NOW PART OF THE INTERNATIONAL ALLIANCE.  NOTE -- ISX HAS DATED FOR WED MANY MANY OPENING MARKETS -- LISTED AS ON WED.  [post 2 of 2]

12-2-2014   Newshound Guru Millionday   THE REPORTS THAT WE HAVE SEEN FOR THE LAST FEW DAYS HAVE BEEN STATING THAT THEY HAVE BEEN ORDERED TO INTEGRATE THE LEGISLATION FOR BANKING REFORM AND ALSO ECONOMIC REFORM -- ETC.  THEY HAVE ANNOUNCED THAT THEY HAVE REACHED AN AGREEMENT WITH KURDS AND FEDERAL IRAQ (ERBIL AGREEMENT).  [post 1 of 2....stay tuned]

12-2-2014   Intel Guru TerryK   Article:  "Urgent ..Baghdad and Erbil Reach an agreement to resolve the outstanding issues between the parties History of edits"  Quote:  "the federal government and the Kurdistan Regional Government has reached an agreement to resolve the outstanding issues between them..." ADADI JUST WENT TO KURDISTAN TODAY.  [for the official signing, etc.?]  Yep.   PATS ON THE BACK.  WE ARE GOING TO SEE A RV THIS WEEK...THAT ARTICLE IS THE BOMB.
12-1-2014   Intel Guru Okie_Oil_Man   [via Sambo]   EVERYONE IS TO BE ON EXTREME HIGH ALERT TONIGHT.

12-1-2014   Intel Guru TNT Tony  [via Sunny]   Iraq is ready to do it now...Iraq is to make a major announcement tonight or tomorrow...said 9:00 pm. US said they would not block it...just not accepting it.  Meetings took place last night and a there is a big push to put it through this evening or tomorrow morning. ISX to reopen on Wed and Iraq wants the new rate to be effective for that event. Currency Rates: International Rate is rate that it comes out, $3.58. Market rate will be the FOREX trading rate – this rate will fluctuate with market demand.  International rate on Dong is to be .57.   Expects contract rate will be $1 - 2.00.

12-1-2014  Newshound Guru Stryker    It is the intention of the Central Bank to accelerate the amendments and the implementation of these laws because the coming months will see economic changes in Iraq. These laws will add a large roll in the stages of development of the economy.  As CBI Governor, Ali has stated, these laws must be done before the deletion of the zero project can be launched, and it looks like they are striving to do so.   [post 3 of 3]

12-1-2014 Newshound Guru Stryker     The next round of talks will start tomorrow and are about the Pashmerga salaries, customs, borders and airports with Baghdad to pay the dues of the oil contractors.  These points of differences...needed to be completed and signed off on between both parties before the budget could ever get completed and passed by consensus in parliament. Is it important to get things right, you bet!  Central Bank News:  Acting Central Bank Governor, Ali Mohsen al-Alak has announced that all amendments to the Central Bank Act, the Banking Act and Anti-Money Laundering Acts have reached their final stages after several meetings with Speak of the House Jabouri.   [post 2 of 3....stay tuned]

12-1-2014   Newshound Guru Stryker    Former Deputy Governor of the Central Bank of Iraq under Dr. Shabibi,  Mohammad Saleh is now Prime Minister Al-Abadi's adviser. A very interesting turn of events in deed, is this a coincidence? I think not.  After two days of talks in Baghdad Barzani seems to be on track with Abadi's governments oil deal agreed on in Erbil last month. Abadi has agreed on the Kurdish share of the 2014 Budget amounting to 16 trillion dinars or roughly $15 billion USD. As you can see the falling oil prices became even more complicated since this deal was not agreed on by the Kurds until today and not in time for Sunday's parliament meeting. This is the main reason that the Budget could not make it to parliament Sunday driven by the unforeseen forecast of oil prices.  [post 1 of 3....stay tuned]

12-1-2014   Newshound Guru tlm724    Iraq has delayed the budget not only to try and include the requirements of the Kurds but mainly because of the fluctuation in oil prices. Trying to calculate a number that will work for them.   oil has fallen more than 25% in the past five months, to less than $80 a barrel...shows how this impacts Iraq.  If it falls further, as seems likely, the geopolitical consequences on some oil-producing countries could be dramatic...and supply and demand will dictate the prices however demand is down...its hurting all the oil producing countries not just Iraq, the timing stinks.   the oil prices have a very direct impact on Iraq and the calculation of their budget and why at this time it is so difficult.

12-1-2014   Newshound Guru Millionday   THE SECOND IRAQI BANKING CONFERENCE ENDED TODAY [SUNDAY]...THE CONTENTS OF THE GOVERNMENT PROGRAMS ARE BEING IMPLEMENTED WITHIN THE REALITY BANKING.  [so they said they will be implementing the reforms does that include economic and private that we are waiting for?]  YES THAT INCLUDES THE GOV PROGRAMS WHICH ARE THE REFORMS SPELLED OUT SO TO SPEAK -- THIS IS THE CALL TO IMPLEMENT THE BANKING REFORMS AND ALSO THE COUNTRY REFORMS. THE GOVERNMENT PROGRAMS ARE BASED ON MOVING TO A MARKET ECONOMY AND THAT IS TO THE GLOBE AND REQUIRES A REALITY RATE SO I AM ENCOURAGED WITH THE NEW ORDERS TO IMPLEMENT ALL OF THE LEGISLATION FOR THE ECONOMIC REFORMS.  [who can implement if parliament is on holiday?]  PARLIAMENT IS NOT ON HOLIDAY.

12-1-2014   Intel/Newshound Guru Poppy3   [So they would need to have the RV before the 2015 budget?]   ACTUALLY NO THEY WOULD NOT HAVE TO BUT WE ARE NOT SURE WHAT THEY CONSIDER A PROPER TIME FOR THE CBI TO TURN IT LOOSE. I SUSPECT THE NEW BUDGET IS JUST ANOTHER STEP ON THE LADDER TO GET TO THE PROPER CIRCUMSTANCES. ONLY TIME WILL TELL BUT I SEE VERY CLEARLY THEY ARE MAKING STRIDES TO GET US THERE AND PROTECT THEMSELVES IN THE PROCESS.

12-1-2014   Intel Guru EXOGEN   THE KURDS HAVE WHAT THEY WANT.   YESTERDAY THE ONLY NEWS THAT HAD ANY MERIT WAS THE SALARIES BEING PAID WHICH SHOULD START TODAY AND THE KURDS WANTING 3-5% INCREASE WHICH IS THE HCL.  LOOKS LIKE THE FINAL AGREEMENTS HAVE BEEN REACHED...THE KURDS GETTING WHAT THEY WANTED TURNED THE SNOW MACHINE ON FULL BLAST-YES.  GOI + HCL = RV.

12-1-2014   Intel/Newshound Guru Backdoc    WITH CURRENTLY 18% OF THAT MARKET I SUSPECT IT WILL CONTINUE IT'S STUNNING RISE QUICKLY!  WHAT BETTER WAY TO HELP IT ACCOMPLISH THAT BUT BY HAVING A DONOR CURRENCY CALLED THE DONG!  SAME FOR THE DOLLAR AND THE DINAR!  RIGHT NOW WE ARE WAITING TO SEE HOW LOW THE EMPIRE WANTS THE OIL PRICE TO GO IN RELATION TO HOW HIGH THEY WANT THE DINAR AND THE DOLLAR!!  ALL I KNOW AT THIS MOMENT IS THAT IF THE DONG DOESN'T GO AT THE SAME TIME IT MIGHT DO DAMAGE TO ITS CURRENCY SINCE FOLKS LIKE US WILL BE BIG BUYERS!!   [post 2 of 2]

12-1-2014   Intel/Newshound Guru Backdoc   MANY OF THE SAME REFORMS OR PROCESSES THAT IRAQ HAS GONE THROUGH, VIETNAM HAS DONE THE SAME!  IN MANY WAYS THEY ACT LIKE BROTHERS!  THEY BOTH HAVE LOANS FOR THEIR INFRASTRUCTURE AS OF LATE!  IRAQ STATES IT HAS 90 TONS OF GOLD RESERVES, VIETNAM HAS 100! I COULD GO ON AND ON HOW THEY ARE BECOMING MIRROR IMAGES OF EACH OTHER! CHINA HAS SERIOUS CURRENCY CHALLENGES ESPECIALLY AS IT STRUGGLES TO BECOME THE SECOND RESERVE CURRENCY IN THE WORLD!  [post 1 of 2....stay tuned]

12-1-2014   Newshound Guru Kaperoni   Article:  "Saleh: 2016 year is ideal for the deletion of zeros"  Remember the CBI is currently going to great lengths to sustain the exchange rate within the IMF guidelines...holding within 2% for the past 30 - 40 days or so.  It would be unlikely they would be doing this for a project that is 12 months or more away.   Couple of things to remember...Iraq is in an urgent situation to create jobs, investment, stability, rebuild infrastructure, etc. etc.  Opening the banking system to the world is key and a critical step that must happen "before" they will have success with all of that.  They cannot sit idle for 12 months or more and hope to hold the economy in Iraq together, let along create stability...now is the time!  As soon as the laws are in place, we will see the transition.

12-1-2014   Intel/Newshound Guru Poppy3   I HAVE HEARD SEVERAL TIMES SOME PEOPLE ALL OVER THE WORLD SAY ...THEY WILL NOT DO THIS UNTIL 2015.  TO THIS I HAVE TO ANSWER WITH THE FOLLOWING FACTS:  AS OF YET I DON'T THINK IT WILL WAIT TILL 2015.  SEVERAL REASONS ABADI AND JUBOURI TOLD ALL OF THEM LAST MONDAY THERE WILL BE NO HOLIDAY BREAK TILL ALL ISSUES ARE SETTLED.  IF YOU HAVE NOTICED THEY HAVE NOT TAKEN ONE BREAK SINCE ABADI BECAME PM. HE IS A WORKER AND HAS SAID WE HAVE A JOB TO COMPLETE AND WE WILL NOT TAKE A BREAK TILL IT IS COMPLETED. IF THEY CAN GET ENOUGH DONE AT ANYTIME FOR THE RV IT MATTERS NOT WHEN ACCORDING TO DATES THEY WILL RELEASE.  BOTTOM LINE NO ONE CAN SAY WITH ANY FACTS OR ANY CONFIDENCE WHEN THEY WILL REACH THE STATUS NEEDED FOR THE CBI. I HAVE ALWAYS SAID WATCH THEIR ACTIONS NOT LISTEN TO THEIR WORDS AND THEIR ACTIONS SHOW WORK --GET THE JOB DONE EVEN BEFORE ALL SCHEDULED BREAKS.
11-30-2014   Intel Guru EXOGEN    [If we think the budget was not passed because of low oil prices, think again! The US is behind all of this!]   YES THAT IS A 100% LIE ABOUT NO BUDGET DUE TO OIL PRICES...IRAQ KNEW ALL ABOUT OIL PRICING BEING RESET AT THE GLOBAL OPEC CONFERENCE IN AUSTRIA ON THURSDAY.

11-30-2014   Intel/Newshound Guru Backdoc   WE MAY NOT SEE INK ON IT BUT I BELIEVE THEY WILL PASS THE BANKING REFORM LAWS PRIOR TO ANY OTHER IMPORTANT LAWS OR AT THE SAME TIME IN THE ONE BASKET AS THEY HAVE STATED!

11-30-2014   Intel/Newshound Guru Poppy3   ...ITS BEEN A LONG TIME GETTING HERE BUT I DON'T KNOW HOW THEY COULD MOVE FASTER THAN THE HAVE IN THE LAST FEW WEEKS THAN THEY HAVE.   ABADI IS REMOVING OBSTACLES EVERY DAY AND MOVING IRAQ FORWARD IN FINANCIAL REFORM TO EXPLODE THEIR ECONOMY. JUST WATCH AS THIS GUY BRINGS IN OUR HARVEST.  [post 2 of 2]

11-30-2014   Intel/Newshound Guru Poppy3   ...IN REGARDS TO THE 2014 BUDGET,  IT WAS SATISFIED AND APPROVED COMPLETE THREE WEEKS AGO.  THERE WERE SEVERAL NEWS ARTICLES THAT CLEARLY STATED THEY WERE COMPLETING AND FUNDING SOME FEW PROJECTS THAT WHERE ALREADY STARTED AND FUNDED WITHIN THE 2014 BUDGET WITH BORROWED MONIES AND ALL REMAINING PROJECTS WOULD BE MOVED TO THE 2015 BUDGET FOR PASSING AND THE 2015 BUDGET
(THIS WAS A EFFORT TO SPEED THINGS UP) WOULD BE AMENDED AND APPROVED IN THE NEXT COUPLE WEEKS. THOSE WEEKS HAVE PASSED AND THE 2015 BUDGET IS IN THE PM HANDS TO BE VOTED ON THIS WEEK.  [post 1 of 2....stay tuned]

11-30-2014   Newshound Guru Aggiedad77   Even though just a few years ago we were hoping for oil to hit $100/barrel...it makes sense that as the price of oil falls, the Iraqi's will need to offset that in some manner...raising the rate would seem to be that solution.

11-30-2014   Intel/Newshound Guru Backdoc   Article quote:  "Iraqi Prime Minister Haider al-Abadi vowed on Sunday in front of the House of Representatives to complete the 2015 budget within 10 days, indicating that the government's delay in approval was due to falling oil prices."    IMO, THE LOWER THE OIL PRICE GOES IN THE BUDGET, THE HIGHER THE RATE OZ WILL GIVE! HOW LOW WILL OIL GO? MMMMM.  MAYBE A BETTER QUESTION IS HOW HIGH DOES THE EMPIRE WANT THE DINAR?

11-30-2014   Newshound Guru Stryker    In other news, Kurdistan PM Barzani arrived in Baghdad to go over all outstanding issues, and hopefully sign the long term deal that has been weighing heavy on the country of Iraq for many years.  This tells me that they are wanting to get the HCL completed, in the interim of the budget arrival and passage.  A real consensus is there to complete all outstanding issues with all provinces and pass many of their stalled laws but the agreements between Kurdistan and all the other provinces must be in place first...chin up and remember, Iraq (I mean) Rome wasn't built in a day.   [post 3 of 3]

11-30-2014   Newshound Guru Stryker   Speaker of the House, Salim al- Jabouri, adjourned today's session and this parliament’s legislative sessions until early next year but they are ready to call an extraordinary session when the budget is ready to be presented to parliament.  PM Abadi has given this new committee 7 - 10 days to discuss the oil prices affect on the 2015 Budget, ratify it if necessary and have it ready for parliaments approval.  Keep in mind, a 10 day delay is much better than a 30 day delay.   [post 2 of 3....stay tuned]

11-30-2014   Newshound Guru Stryker   US Today quote:  "U.S. light crude (West Texas Intermediate)   fell 10.2% to $66.15, while Brent crude dropped 3.4% to $70.15 for the day. Analysts predicted the benchmarks could fall further next week when traders return from the Thanksgiving holiday weekend."   Parliament session saw no budget presented today due to the falling oil prices in the world, and the possibility that they will continue to drop further.  A special committee had to be formed by PM Abadi to make sure that the budget can withstand further decline. This is not what we wanted my friends but what is in fact the reality, and since Iraq depends 95% on oil to make up it's GDP a real concern has stopped today's deliver by PM Abadi of the 2015 Budget to parliament.   [post 1 of 3]

11-30-2014   Newshound Guru Millionday   TONIGHT [SATURDAY] THEY FINISHED THE DISCUSSION OF THE 2015 BUDGET AND ABADI IS BRING IT WITH HIM TO PARLIAMENT IN THE MORN...ALSO THE FIRST READING WILL ALSO BE DONE FOR NEXT YEAR`S BUDGET THIS MORNING. THE ONLY WAY THEY CAN FORM THE PREPARED 2015 BUDGET IS WITH THE 2014 BUDGET DONE -- THE REASON I CAN SAY THAT IS DUE TO THE WAY THEY ARE DOING THE TWO BUDGETS -- ...IT WOULD BE IMPOSSIBLE FOR THEM TO BE DONE AND SENDING IT TO PARLIAMENT FOR THE FIRST READING TOMORROW WITHOUT THE 2014 BUDGET COMPLETE.  [post 3 of 3]

11-30-2014   Newshound Guru Millionday   THIS WILL BE ALL AT THE SAME TIME AS THE NEW LAWS DONT APPLY TO THE OLD CURRENCY AND BANKING...THE NEW LAWS APPLY TO THE NEW DEVELOPED ECONOMY OF IRAQ.  NO ONE SAID...WHEN IT WILL BE APPLIED BUT THEY WERE SAYING THAT THEY NEEDED THEM TO BE GONE OVER TO BE PREPARED.  THE ECONOMIC COMMISSION HAS ANNOUNCED TO THE COUNTRY OF IRAQ AND THE WORLD REALLY THAT THEY ARE DONE AND READY AND WANT THE PARLIAMENT OFFICIALS TO GET IT ROLLING... THEY WANT IT MOVED THROUGH WITH NO CONFLICTS.   [post 2 of 3....stay tuned]

11-30-2014   Newshound Guru Millionday    AS WE KNOW THEY HAVE BEEN HAVING MANY ECONOMIC MEETINGS... -- IT WAS CHAIRED BY THE GOV OF CBI AND ALSO ADDRESSED HUGE ISSUES THAT ARE OF GREAT CONCERN WITH THEIR ECONOMIC REFORM.   ABADI IS GIVING A SPEECH...ABOUT THEIR ORDERS FOR THE OPENING TO A MARKET ECONOMY DUE TO THE ACT OF TRANSFERRING FUNDS ABROAD... ABADI CALLED THE CBI AND ASKED FOR THEM TO GO OVER ALL THE BANKING LAWS EVEN THOUGH THEY CAN NOT BE CHANGED YET DUE TO THE ZERO CURRENCY IS NOT CHANGED YET BECAUSE THE SUITABLE CIRCUMSTANCES IS WHEN THE ZERO CURRENCY IS REMOVED.  [post 1 of 3....stay tuned]

11-30-2014   Intel Guru Mnt Goat   Last week parliament and the GOI have questioned once again why the CBI is not completing this project to delete the zeros (currency reforms). In return the finance committee stated that the project for economic reforms will be completed by Monday, Dec 1st. The question is – does this include the currency reform, meaning currency rollout to international status with new rate? I do believe it is very close but not just the Dec 1st date, as many are hoping for.  I still believe we are in a sweet spot right now to literally see this RV in the coming days ahead. Could they pop this out prior to Christmas to the general public? Yes – I believe anything is possible...   [post 2 of 2]

11-30-2014   Intel Guru Mnt Goat    I believe Iraqi is literally very much on the verge of bringing back their currency online to a global status. This has not changed and is moving forward with the final steps in preparation to do so.  However my USA contact  now says it may be late December or early January before it is finalized on the public exchanges. What I mean by this is then opened to the general public were anyone can walk in to the bank and exchange or purchase dinar.  Saleem al-Jubouri, head of the House of Representatives, announced on Saturday that Haider al-Abadi, the prime minister, will attend the parliament session to be held,  Sunday 11/30, to submit the draft budget law for 2015, as he emphasized that the first reading of it will be in the same meeting. This is all good news since I believe the USA wants a sound budget for Iraq prior to the beginning of 2015.  Remember also that Iraqi parliament is set to go on a 30 day vacation. Jubouri has stated the vacation will not begin until the 2015 budget is completed. Do you see why now they are working do diligently to complete it? Their vacation period was set to begin on Dec 1st.   [post 1 of 2....stay tuned]

11-30-2014   Newshound Guru Aggiedad77   Monday should prove to be exciting...but I'm thinking that also tomorrow [Sunday] should be exciting in what we see PM Abadi do with Parliament...what he says....and how they react.  My prediction for tomorrow is that we will be staring at a very "close to final" budget that may only require a few tweaks to come to a quick resolution. 11-29-2014   Newshound Guru Kaperoni  Article:   "Ihsanoglu: the budget will reach Parliament tomorrow and legislative vacation until approval"   Knowing Iraq, it will come to parliament on Monday.  But it looks like parliament will stick around and vote on the 2015 budget starting next week.  As for any other laws, we will have to wait and see.

11-29-2014   Newshound Guru tlm724     "the Prime Minister will attend on Sunday to the House of Representatives hearing to provide Budget to be done first reading in the same session."   Abadi will be there tomorrow Sunday to do the first reading...committee meets then to be followed by a session of the House of Representatives held to read the federal budget...that is it in a nutshell *hallelujah*.  [post 2 of 2]

11-29-2014   Newshound Guru tlm724   Press Release:  "Decision of the House of Representatives: tomorrow will see the arrival of the budget to the House of Representatives.  November 28, 2014  Said the House of Representatives decision of the Attorney Niazi architecture Ihsanoglu that tomorrow will see the arrival of the budget to the House of Representatives, referring to the cancellation of legislative recess of Congress until the budget approval"  this is hot off the presses at parliament!  that is a press release from parliament not some news source.  tomorrow will see the arrival of the budget to the House of Representatives, referring to the cancellation of legislative recess of Congress until the budget approval Circle Media 11/28/2014.   hot dayum! The legislative break is canceled until they finish the budget , we have a budget!!!  [post 1 of 2....stay tuned]

11-29-2014   Intel/Newshound Guru tman23  “A first reading was done on Thursday of the first draft of Iraq’s 2015 budget, but it ended without any agreement,” said Ahmad Rashid, head of the Iraqi parliamentary finance committee."   THE THING IS...AFTER A FIRST READING THE BUDGET IS SENT BACK FOR CHANGES AND USUALLY IS A 2 WEEK PERIOD...ALTHOUGH REPORTS SAY IT WAS IN THE COUNCIL OF MINISTERS...IMO IT WAS IN PARLIAMENT AND WAS SO AGAIN TODAY (SATURDAY) FOR A SECOND READING...MY REASONING IS...NO WAY THE TOP KURD DELEGATION IS MEETING WITH ABADI, JABOURI, AND MASSUM ON SUNDAY UNLESS THEY ARE READY TO FINALIZE THE DEVIL IN THE DETAILS...   [post 3 of 3]

11-29-2014   Intel/Newshound Guru tman23   Parliamentary source told Iraqi News “The parliament has lifted its regular session of today until next Sunday.” ...PARLIAMENT HELD IT'S SESSION TODAY...ALL TOP KURD DELEGATES ARE IN BAGHDAD SUNDAY...ABADI, MASSUM, JABOURI WILL BE MEETING WITH THEM...IT TAKES MASSUMS SIGNATURE TO INITIATE THE FEDERAL BUDGET...THEY ARE ALL IN ONE ROOM SUNDAY!   [post 2 of 3....stay tuned]

11-29-2014  Intel/Newshound Guru tman23  ALL YOU NEED TO KNOW!  A high level Kurdish delegation led by Kurdistan PM Nechirvan Barzani will visit Baghdad on Sunday to meet with their Iraqi counterparts in the latest round of negotiations between the federal government and Erbil. A Kurdish official told Rudaw that the focus of the meetings will be Kurdistan Region’s budget that has been blocked by Baghdad for almost a year. The Kurdish delegation will be meeting Iraqi Prime Minister Haider al-Abadi, President Fuad Masum and Parliamentary speaker Salim al-Jibouri. Deputy PM Qubad Talabani, Kurdistan’s Minister of Natural Resources Ashti Hawrami and Finance Minister Rebaz Hamlan will be part of the delegation...!  [post 1 of 3....stay tuned]

11-29-2014   Newshound Guru Stryker   Keep in mind that both governors since he was unlawfully accused have held their positions in proxy and are just acting governors which were put there by Maliki. Under the CBI Laws the Governor and other board members are nominated by Appointing Authority and confirmed by the Legislature and not by the Prime Minister himself. FYI, Shabibi could still be the governor unless he's term has expired, hence the word acting governors.  Is it a coincidence that the budget, economic reform, the house extension and Dr. Shabibi's return to Iraq are all coming together at the same time? I think not, I believe that Shabibi will see this through and  has been communicating with the board of directors under an advisory position ever since he was accused.  [post 2 of 2]

11-29-2014   Newshound Guru Stryker   ...article...from the National Iraqi News Agency...MP of the Citizens Bloc, Hashim al-Moussawi said that the House will extend its legislative term. This extension to approve the 2015 Budget just picked up our time-frame of the dinar revaluation by months folks!   Also, today we found out that Iyad Allawi was behind the movement to help former governor of the Central Bank of Iraq, Dr. Shabibi return to Baghdad. The Iraqi Judiciary has issued a resolution to cancel the arrest warrant against Sinan al-Shabibi.  It would just be fitting if Shabibi returned to take he's governorship back, right in time, to see he's project thru...   [post 1 of 2....stay tuned]

11-29-2014   Newshound Guru wmawhite   Just my opinion...it appears everything is picking up speed...all things   ...keep in mind while we are looking at the political happenings major trade agreements are moving forward...Iraq is seeking to activate bilateral trade with member states of the Arab and international economic organizations...

11-29-2014   Newshound/Intel Guru BGG    Article quote:  "Office of the Prime Minister Haider al-Abadi said the Cabinet approved the draft amendments to the proposed budget in preparation for submission to the House of Representatives on the evening of Saturday, pointing out that it will be after the Board shall have a second review..."  Cabinet approves amendments to the draft 2015 budget...Sounds like the 2014 and 2015 budgets are very close... Quote:  "Parliament rapporteur: the arrival of the budget is imminent and there is no holiday quarterly"  Budget soon - NO HOLIDAY. Worky worky gang!!  to wrap things up quickly - these items and Abadi asking for support to arrest Maliki for treason...and - Saleh being appointed as Abadi's financial advisor saying "they are determined to apply the laws of economics..."  How in the world can anyone honestly say nothing is going on???   [post 2 of 2]

11-29-2014   Newshound/Intel Guru BGG  Article quote:   "...Presidencies Abadi, and al-Jubouri, a decision to expel Midhat al-Mahmoud of the head of the Iraqi judiciary..."   I don't see how any rational investor can be upset with where we are right now.  This is probably the biggest news in months.  Major implications here - all three presidencies agreed to remove the highest judge in Iraq...consequently, the most corrupt and one of Maliki's main tentacles of influence (in the judiciary)...Medhat being gone pretty much seals Maliki's fate - but on the positive side, it portrays Jubouri (a Sunni), Massoum (a Kurd), and Abadi (a Shia) all agreeing on what could be a contentious issue. They acted quickly and in solidarity...longterm - this looks not-so-good for Iran...great for Iraq.  I will be shocked if Maliki stays out fo jail for 2 more weeks. This is a MAJOR shake-up.   [post 1 of 2....stay tuned]

11-29-2014   Newshound Guru Kaperoni  Article: "Deputy for the law: the political blocs agreed to pass the budget"   Passing a budget for 2014 means nothing to the dinar.  Remember, 95% of Iraq's revenue is oil which means its paid in dollars.  And the budgets are based on dollars.  That being said, we are getting closer, but again...laws need to be passed, stability needs to take hold not only in the new government, but the removal of ISIL.  Once that happens, I am sure sometime next year the CBI will begin the transition to Article VIII to support the market economy.  I assure you, nothing is going to happen the remainder of this year.

11-28-2014   Intel Guru TNT Tony    Nobody seems to know the reason why this is still on hold. Every stumbling block has been overcome.  Iraq is 100% ready and telling their people that the economic reform will be completed by 1st December.    I don’t want you to be disappointed, but to live in reality.  This could happen in the next hour, the next three hours, today or tomorrow.  It didn’t happen Wednesday because it was blocked again. Everything could be over with tomorrow, or it could be next Friday.  I don’t know, I am just trying to give you the information. It could happen any moment, because there is nothing specific getting in the way.  Iraq has announced everything has been done, all the laws passed, and it could go any moment. I’m looking for something over the weekend. Monday is the public date that Iraq is putting out, that this will be completed by the 1st.   [post 2 of 2]

11-28-2014   Intel Guru TNT Tony    Iraq clearly can do this when they want to.  The only problem doing it when they want to is that it creates a problem if the US doesn’t let it go through our system. Everyone in the world is ready for this except for us;  we keep blocking it for some reason. So even though it was supposed to take ten minutes going round the world, it could take 10-20 days if the US blocks it.  So Iraq is trying to get the BIS to force the US to do it the way it was planned.  The US is saying “Do it when you want, but if it’s not when we agree, then we don’t care how much of a problem that created.”  Hopefully someone will get the US to agree.  We keep hearing it’s going, it’s going, but yet again, it didn’t go through.  They don’t seem to care about dinarians.  They would prefer for the general public to go through in January.   [post 1 of 2....stay tuned]

11-28-2014   Intel Guru EXOGEN    [...the fact the Kurds got what they wanted...Plus the Budget is completed and will be reviewed tomorrow...should pass without issue as all parties are getting their percentages.  Lastly, HCL in the basket of laws to be presented and passed!  Big day tomorrow!]  CORRECT!!!  HISTORIC DAY!!!    IT IS ALREADY SATURDAY IN IRAQ NOW.

11-28-2014   Newshound Guru tlm724   The timing of the accession to the WTO would also coincide with laying down the economic foundations of a free, federal, and democratic Iraq...with the recent changes in the GOI this is very close.  Iraq is getting ready to implement the HCL which will move them into compliance when this does become part of the negotiations.  they are updating how governance is done, they are setting the stage right this very minute! All the things that needed to done for Iraq to join the WTO as a full member are being accomplished!  imo, when we see the laws and rules for trade and protection amended they will go forward with their accession, the foundation is set!  ...this just shows how very far they have come and how close they are to compliance, a lil nip and tuck and they are on their way.   [post 2 of 2]

11-28-2014   Newshound Guru tlm724   the "new" economic reform is a perfect strategy for Iraq , it's a solid plan based on the opinions of some very smart people, it is constructed off the recommendations of the IMF and the World Bank!  ...again we know this banking conference coming up put on the Private Assoc. of Banks is going to make a difference of their integration into the world and we know for a fact that the banking laws will open them up worldwide...they have the electronic system in place that links them to the world too!  Membership of the WTO usually takes a long time (5 to 7 years)...well Iraq is around 10 years now.  [post 1 of 2....stay tuned]

11-28-2014   Intel Guru Bulldog75   ITS SIMPLE ECONOMICS...JUST KNOW WE HAVE TO SIT AND WAIT A FEW DAYS OR WEEK MORE UNTIL CHINA BUYS OUT THE COMMODITIES OF THE WORLD.  LOOK FOR GOLD TO DIP, IMHO, BELOW $1100 AND SILVER BELOW $15 BEFORE/PRIOR WE SEE THE CE; OF COURSE THAT COULD HAPPEN ANY HOUR OR ANY DAY. WE ARE SEEING HISTORICAL PRICES NOW RIGHT BEFORE OUR VERY EYES IN OIL, GOLD, SILVER . WATCH THE COMMODITY MARKETS CLOSELY. THIS IS A MAJOR KEY TO OUR CE/GLOBAL RESET.  [post 2 of 2]

11-28-2014   Intel Guru Bulldog75   IMO- WE WILL SEE OUR CE, WHEN CHINA QUITS ITS BUYING OF THE METALS AND PUSHING OIL TO IT'S LOWEST.  THE QUESTION IS : WHATS THE LOWEST PRICE CHINA CAN PUSH COMMODITIES?  SO LET'S HOLD ON TO OUR BRITCHES OVER THE WEEKEND,  THE LOW END OF THE METALS/COMMODITIES WILL , IMHO, HAPPEN DURING THE HOLIDAYS OF THANKSGIVING THRU THE NEW YEAR.  THE CE WILL FLASH WITHIN 24 HOURS OF THE LOWEST STATE OF THE COMMODITIES CHINA BUY OUT.   [post 1 of 2....stay tuned]

11-28-2014   Intel Guru TerryK   I GOT A EMAIL THIS AM THAT THEY DID PASS THE 2015 BUDGET.   IT WILL BE ANNOUNCED TOMORROW.  WHAT I WAS TOLD IS THAT THEY STILL CANT AGREE ON THE HCL %.  AND UNTIL THEY MAKE A FINAL AGREEMENT ON % TO STATE VS PEEPS IT WILL NOT HAPPEN.  WHAT I WAS TOLD THIS AM IS THIS:  THEY HAVE ALL AGREED, SHOOK HANDS, HIGH FIVE,  PATS ON BACK, HUGS...ALL THAT NEEDS TO HAPPEN IS SIGN AND ANNOUNCE.

11-28-2014   Intel Guru Frank26    ...many articles...clearly shows the need for many banking laws that Parliament has already passed...The passing of banking laws to PROTECT an RV that can ONLY come from the owners of the Central Banks is needed.  We have...told you for years now that Dr. Shabibi has been the quarterback of every inch accomplished by the CBI. Turki worked with Dr. Shabibi not to raise the value of the IQD because they have no power to do so but to exemplify to the Central Bank owners that the CBI is now capable of excepting this responsibility.  Articles tell you that Dr. Shabibi came today to defend his accusations from M [Maliki].   I am here to tell you that what they are telling you today was done over two months ago. I bet you if you hadn't passed these laws months ago S [Shabibi] would not be with you right now...

11-28-2014   Newshound Guru wmawhite   Article:  "Presidencies agreement to the dimensions of Mahmoud judicial system"   Quote:  "Presidencies taken Iilat of Bmasom, and Abadi, and al-Jubouri, a decision to expel Midhat al-Mahmoud of the head of the Iraqi judiciary..."  ...the head of the Iraqi judiciary appointed by Maliki has been removed.

11-28-2014   Intel/Newshound Guru Poppy3    I THINK A REAL MARKET RATE IS STARING US IN THE FACE AND WILL SOON BE POSTED EVERYWHERE. I THINK THIS SUNDAY AFTER ANNOUNCEMENTS AND VOTES SATURDAY WILL PROMPT NEW MOVEMENT TO ATTRACT INVESTORS BUT ONLY WITH THE NEW RATE. 

11-28-2014   Newshound Guru Millionday   THEY HAVE ALSO CALLED FOR THE COUNTRY INCLUDING THE AIRPORT (WHERE THEY HAVE A MONEY EXCHANGE BUSINESS) TO ONLY USE THE IRAQI DINAR -- THEY HAVE COMPLETED THE AGREEMENTS FOR RESOLVE WITH KUWAIT AND MANY OTHER COUNTRIES FROM THE MISTAKES OF THE PAST GOI.  THEY HAVE A UNIFIED GOV AND ARE ANNOUNCING THAT THEY ARE REFORMING THE COUNTRY IN ALL ASPECTS PLANNED BEGINNING WITH THE ECONOMIC SIDE OF THINGS.  WE HAVE THE BEST NEWS WE HAVE EVER HAD.   [post 3 of 3]

11-28-2014   Newshound Guru Millionday   LET ME SUMMARIZE...THEY HAVE SIGNED A TEMPORARY HCL AGREEMENT TO COVER THE FUNDING SIDE OF THINGS -- THEY HAVE THE SMART CARDS READY -- THE BANKING REFORM LEGISLATION WILL BE VOTED ON SATURDAY... -- THE UNITED NATIONS ANNOUNCED THIS WEEK THAT THE IRAQI REFORMS HAVE BEGUN AND CBI HAS MADE IT VERY CLEAR THEY ARE DONE AND READY -- THE LAWS THEY ARE VOTING THROUGH DO NOT MATCH OR ARE NOT USEFUL WITH THE CURRENT IMPOSED RATE -- THE MANY COUNTRIES THAT HAVE SHOWN UP TO JOIN THE ECONOMIC MEETING THIS WEEKEND ARE SIGNING AGREEMENTS AND CONTRACTS.   [post 2of 3....stay tuned]

11-28-2014   Newshound Guru Millionday    THE ECONOMIC FAIR THAT IS GOING ON GOES TO THE 30TH OF NOVEMBER AND IS WHERE ALL AGREEMENTS ARE BEING SIGNED...THE ECONOMIC FAIR INCLUDES THE CBI AND MANY MINISTRIES THAT HAVE TO DO WITH MARKET WITHIN THE GLOBE AND ALSO THE ACTIVATION OF CONTRACTS THEY ARE ADDRESSING ALL REGULATIONS THAT NEEDED TO BE "ON THE BOOKS" SO THEY ARE CAPABLE OF A SUCCESSFUL REFORM -- ADMIN-BANKING -- ECONOMIC--PRIVATE...ETC.   I WOULD SAY THAT THE FIRST TWO DAYS WOULD END WITH THE THURSDAY VOTE...ON THE AGENDA FOR THE BUDGET ETC AND THEN THE NEXT TWO DAYS OF THE SECOND MEETING WOULD END FOR SATURDAY TO BE THE LEGISLATION COMPLETION FOR THE ECONOMIC REFORMS WE HAVE READ SO MUCH ABOUT.  [post 1 of 3....stay tuned] 11-27-2014   Intel Guru TNT Tony   Scrolling on Iraq TV right now, Iraq is prepared and in coming days will be able to rejoin the international market ...More Breaking News ...Scrolling on Iraq TV right now economic reform is underway.

11-27-2014   Newshound Guru Aggiedad77   Of all the news we've seen today...I pray that Abadi is able to deliver a 2015 budget to Parliament on Saturday...yes it forces them to postpone their vacation....but then I suspect we will see this Parliament working at a speed that might even surprise themselves at getting this budget passed...This may or may not bring about a change in the value of the IQD...but it should go a long ways in showing/proving to the PTB...that the new Iraqi government is serious about the future well being of their country and are not just doing "all they can to save their country"...but are actually "doing the right things to save their country"...

11-27-2014   Newshound Guru Stryker   ...from the Office of the Prime Minister of Iraq, Haider Al-Abadi. Official Website.  QUOTE: "The Board has approved after listening to the observations of the members of the Council, make the necessary adjustments to the draft of the proposed budget in preparation for submission to the House of Representatives on Saturday evening after being Cabinet review them again."   Saturday will be a very telling day for all of us, if the Parliament reads it once our timetable just moved up greatly.

11-27-2014   Intel Guru Frank26   It is of our opinion that the President of the ISX is due to make an announcement sometime between tomorrow and Saturday that the ISX now has interoperability with all of the global exchanges around the world.  It is possible that he will also briefly announce that Iraq has reached a milestone and a new value to its currency which will be entering global exchange...this is strictly my opinion.

11-27-2014   Newshound Guru Stryker   I also received information that the most important laws will be brought to parliament as well and before the end of the extended session. There is a real urgency for Iraq to move forward and back into the international markets. The time is right and the leaders know it. I am told that the people of Iraq feel the urgency, they are now even talking about their dinar being revalued, they feel that there is change coming.   [post 2 of 2]

11-27-2014   Newshound Guru Stryker   Today Iraq is moving in all the right directions to see economic, monetary and currency reform for their people, and in the very near future. Today PM Al-Abadi announced that he will attend a parliament session scheduled for next week to deliver the 2015 Budget. That's right, all indications are that Parliament will stay in session until the Budget is passed. If they read the Budget once there will be NO recess until it is passed, NO break in December!   [post 1 of 2....stay tuned]

11-27-2014   Intel Guru TNT Tony   The US wanted to do a slow rollout, paying the VIPs and groups, getting them through methodically.  They asked Iraq to do the same thing and even though they didn’t want to do it that way, that’s what seems to be happening.  They are doing it by levels right now.  However, we know more people who are exchanging today and Friday.  The system is working and sooner or later they will have to get to us.  This is coming!  The rates ranged from $3.58 (international) to mid-teens (contract rates) and also a few as high as $28.50.  The contract rate pool is still available.   [post 2 of 2]

11-27-2014   Intel Guru TNT Tony ...we had a guy buy airline ticket for 300 dinar, going out of the country, and that is the first time they took dinar for a plane ticket.  He did it on his MasterCard, left the country, and at the next airport, he could pull  $3,000 off that same MasterCard.  He did that last night, and we figured the rate at $3.58 and his card worked both inside and outside the country.  They told them the cards would be loaded by today [Wednesday], and that they would be adjusted internationally.  They are waiting for some announcement to get everyone on the same rate. They said the process began last Saturday and it will be completed by 1st December. They are making it happen, which is all good news for us!  [post 1 of 2....stay tuned]

11-27-2014   Intel Guru Frank26    ...there are between 400 – 600 laws sitting at Parliament at this very moment. These laws have all been approved and passed MONTHS AGO...they only need to be implemented and announced through the Gazette.  The majority deal with BANKING LAWS...how to protect the money the banks and the citizens...this is what the owners of the Central Banks want to see. This is why IMO a new rate is coming to the CBI from these owners.  I want you to keep this in mind too...last week Abadi came out and said that they would finish hundreds and hundreds of laws by the 1st of December 2014.  Then magically or centrally the governor of the CBI immediately states after Abadi's promise that if the GOI does this by the 1st that the CBI is ready to raise the value of its currency and allow the currency to go on global exchange.  [post 3 of 3]

11-27-2014   Intel Guru Frank26    ...understand that no one except the Central Bank owners can give this rate to the CBI...BUT HUNDREDS OF LAWS NEED TO BE IN PLACE NOT FOR THE MONETARY REFORM OF THE IQD BUT FOR THE PROTECTION OF THE MONETARY REFORM!  THE OWNERS OF CENTRAL BANKS NEED THESE LAWS TO SO IRAQ CAN PROTECT HER CURRENCY, THEIR CITIZENS, THEIR BANKS AND MANY OTHER THINGS.  These owners have been watching all of these pieces come together THROUGH THE PASSING OF HUNDREDS OF LAWS!   If they did not see these laws the dinar would have no chance of seeing a new rate.   I am not saying that these laws are necessary nor the requirements for the MR...I am saying the owners of Central Banks have demanded these laws...and THEY SEE THEM NOW!  [post 2 of 3....stay tuned]

11-27-2014   Intel Guru Frank26   This is a fact:  No one can raise the value of the IQD except the Central Banks and those that own those banks.  This is a fact:  Only when Iraq raises the value of their currency and enter the international market will they qualify for Article 8 from the IMF.  This is an opinion of Frank26:  Those that can only raise the value of the IQD have seen almost everything that they want to see accomplished within the MR of the IQD.  Therefore they are encouraged and poised to give this rate to the CBI.  When? I have no idea. But I have been telling you since June that we need a seated government that will pass laws that will allow the powers that can raise the value of the IQD to do so.   [post 1 of 3....stay tuned]

11-27-2014   Intel Guru DC     Monday night it was supposed to go down. Iraq said they’d do it in the middle of the night Iraqi time, and the US stopped it.  Now the US is supporting the changes.  They are now starting, and until it’s done nobody is breathing easy, but it’s looking good and I love that prices are changing at the major institutions now.  The UN keeps trying to press and push...They helped resolve the misunderstanding on Monday night.  We understand that everyone is prepared for the general public at any minute. We have been told the US banks are NOT working over Thanksgiving, but the call centers are working and the banks and exchange centers will take appointments for Monday.  Don’t expect exchanges for the general public until Monday.  [post 2 of 2]

11-27-2014   Intel Guru DC   [via Adept1]   Iraq is supremely ready.   A ton of people from the PM’s office, banks, CBI and the finance ministry are all saying this is happening now.  They are running on television that this will be complete by 1. December.   ISIL is being beaten back, too. Yesterday and this morning [Wednesday], prices have changed further in the major business centers – airports, major chains, etc., are reflecting the new rates as of yesterday. We’ve been dealing with five different rates, but now all the major financial movers are reflecting the new international rate of $3.58. This morning, I got seven independent contacts on this, that they are paying for gas and such at the new rate. However, the banks are mainly showing the old 1166 rates, so it’s confusing but still a wonderful thing that you can do major purchases at the new rate.   [post 1 of 2....stay tuned]

11-27-2014   Newshound Guru Kaperoni   I'm not so sure Shabibi was acquitted. More realistically is that he returned and posted bail as some articles say...one article indicates a hearing will occur in December on this matter. I am not surprised that many articles say he was acquitted, just not so sure that is true...yet.

11-27-2014   Newshound Guru Adam Montana     [ANY good news on hcl?]   No HCL yet, but I believe it's going to happen any day now.  [ you said...you thought the HCL would happen by the end of the month. Do you still believe this will happen?]  I can't stake my reputation on it, but I will say this - it's a MAJOR possibility.  It's moving! I don't have any concrete evidence that it will happen tomorrow or tonight or yesterday, but look at how Chapter 7 unfolded. When that was done, it took EVERYONE by surprise.  To be real, let's look at the big picture. Here is the no B.S. honest to God Truth: this could drag on for years. Don't bet your rent or mortgage money on Iraq.  But the other side of the coin is that we are in a situation that has so much potential I'm literally bursting at the seams trying to find the words to explain how excited I am.
11-26-2014  Newshound Guru Stryker   Article Quote: "The prime minister will visit Baghdad soon, although the date is not specified; but it is close."  It sure looks like Barzani will be heading to Baghdad soon for the signing of the official Oil & Gas Deal. It's all coming together folks!

11-26-2014   Intel Guru TerryK   STILL HEARING THAT THEY MAY WANT TO PULL THIS TRIGGER TONIGHT LATE. SO WE WAIT AGAIN AND SEE.  THE GOLD AND OIL THAT THE COUNTRY HAS IS WHAT WILL DRIVE ITS ECONOMIC VALUE  AND WHAT ITS POTENTIAL IS.  KEEP IN MIND BASED ON WHAT THEY HAVE ALREADY THEY COULD AND I SAY COULD AFFORD A 30 DOLLAR RATE.  AGAIN IT WILL NOT GET THAT HIGH EVER BUT I WOULD SAY AROUND 10 BUCKS.

11-26-2014   Intel/Newshound Guru Backdoc    THE ANSWER TO WHEN THIS HAPPENS NOW LIES IN SEEING THE PROPER SEPARATION AND CONTROL THAT OZ REQUIRES!  BASED ON THE PROGRESS WE HAVE SEEN EVEN AS LATE AS THIS WEEK, WE KNOW LAWS ARE NOT THE ISSUE EXCEPT FOR THE BANKING ACT AS I MENTIONED!  THIS IS THE KEY AND THE ONLY KEY AT THIS POINT!  THE TIMING OF THE RATE LIES WITH OZ AND ONLY OZ!  IMO.  WHEN HE IS COMFORTABLE WITH HIS RELATIONSHIP AND CONTROL,  THIS WILL FLY MY FRIENDS!!  I WOULD NOT BE SURPRISED TO SEE THIS ADDRESSED THIS WEEKEND! IF SO, ANYTHING IS POSSIBLE AT ANY TIME!  ONCE OZ IS COMFORTABLE WITH HIS CONTROL HE WILL PULL BACK THE CURTAIN FOR ALL TO SEE AND BY MAGIC ALL THOSE LAWS WITH DRAMA WILL BE DONE WITH AN IMMEDIATE VOTE!  IRAQ WILL THEN BE ON IT’S WAY TO BEING THE LONELIEST CURRENCY IN THE WORLD, NUMBER 1!   [post 3 of 3]

11-26-2014   Intel/Newshound Guru Backdoc    LOOK AT THE NEWS!! DR. SHABIBI, (THE FORMER CBI GOVERNOR) AND DR. ALLAWI (THE FORMER FINANCE MINISTER) WERE ACQUITTED!  GUYS, IT HIT ME LIKE A TON OF NEWLY MINTED GOLD COINS FROM THE CBI.  A RATE WILL NEVER HAPPEN UNTIL THAT RELATIONSHIP IS PROPERLY ESTABLISHED!!  MY GUESS IS IT WILL BE DONE THIS WEEKEND!!  OZ WILL TELL PARLIAMENT WHEN TO OFFICIALLY PASS THOSE IMPORTANT LAWS.  THEY GOT US TO LOOKIE, LOOKIE, OVER HERE AT THE LAWS (ESPECIALLY HCL) WHEN IN PLAIN SIGHT THEY REALLY WANTED THE PARLIAMENT TO SUBMIT AND PASS THE BANKING REFORM LAW!  BINGO!   [post 2 of 3....stay tuned]

11-26-2014   Intel/Newshound Guru Backdoc   WE HAVE KNOWN FOR SOME TIME NOW THAT HCL, AS WELL AS, OTHER IMPORTANT LAWS APPEAR TO BE DONE AND WAITING IN THE WINGS FOR A RUBBER STAMP VOTE OR AT LEAST PUBLISHED IN THE GAZETTE!  WAITING FOR WHAT IS THE QUESTION?  WHAT IS THE KEY OR THE ANSWER TO THE DINAR TAKING VALUE?  ...I DIDN’T CATCH THIS EARLIER, BUT I SAW THAT THE BANKING ACT WAS NOT COMPLETE YET!  WHO IS IN CONTROL? RIGHT, OZ!!  (Oz=IMF, WORLD BANK, U.S.TREASURY, AND CBI)  THE BANKING ACT WILL INSURE THAT THE CBI WILL REMAIN INDEPENDENT WITH NO!, AND I MEAN NO! INTERFERENCE FROM THE FINANCE COMMITTEE OF THE PARLIAMENT!  THE CBI HAS DRAWN A LINE IN THE SAND...DON’T CROSS THAT LINE!  WELL, MALIKI AND HIS GOONS BREECHED THAT RED LINE MANY TIMES IN THE PAST!   [post 1 of 3....stay tuned]

11-26-2014  Newshound Guru Stryker   Article:  "Economic parliamentary:  "consensus" Cabinet will arrive "budget" to Parliament" Quote: "the possibility of sending the budget by the government to the House of Representatives before the end of the month to read and vote on them."  Parliament Extension Could Really Be Here Soon...It sure looks like the Budget may make it to Parliament before the end of the month and be read, extending this session until it is voted on and passed.

11-26-2014   Newshound Guru Adam Montana    Since September we've seen a flurry of action out of Iraq - Parliament has met and actually done things ahead of schedule in some cases, which was completely unheard of for the last 10 or more years! We're seeing some incredible progress on the HCL - more positive news on that is coming out of Iraq than EVER before. It's coming, and soon!  Once the HCL is complete, there is pretty much NOTHING left to hold Iraq back. The HCL is the key to letting Iraq take that final step towards being a fully functioning, well "oiled" machine. When the HCL is in place, with Abadi actually bridging the gap between the Sunnis and the Shiites, the CBI will have no reason left to delay raising the value on the Iraqi Dinar... and that, my friends, is when we all say "CHA-CHING"!   [post 2 of 2]

11-26-2014   Newshound Guru Adam Montana   The longer you've been holding dinar, the more likely you are to really "get" the fact that we don't know what the future holds. You understand that dates are pretty much meaningless to the Iraqi Dinar, and you understand that we just have no way of knowing exactly when ANYTHING might happen.  Chapter 7 took a long time, but when it finally hit - it hit FAST.  We saw a heated battle between Ayad Allawi and Maliki on more than one occasion. We saw Allawi threaten to sue, claiming corruption was the reason for his loss in that political battle...but nothing happened, and Maliki retained the seat, and Iraq went nowhere.  The GOI was stagnant, moving nowhere under Nouri al Maliki. Finally, just recently, Maliki was tossed (kicking and screaming) from his long standing place of power, and replaced with a new PM - Dr. Haider Al-Abadi.   [post 1 of 2....stay tuned]

11-26-2014   Newshound Guru Administrator Bob   Article:  "Allawi and al-Shabibi return to Iraq to prove their innocence"    Rumors of the return of former Central Bank Governor Sinan Al Shabibi appear true today. Stories are surfacing of an acquittal of all charges.

11-26-2014   Newshound Guru Millionday   [Fair market equals revalue?]  FAIR MARKET VALUE MEANS THE REALITY RATE -- AS IT IS CALULATED FOR GLOBAL TRADE WITH ALL COUNTRIES.   [what are THEY waiting on before they RV...in other words what do they have to see before they pull the trigger?]  I DONT SEE THAT THEY ARE WAITING ON ANYTHING -- WE JUST DONT KNOW THE DATE --- IT APPEARS THAT THEY ARE PREPARING THE BANKING REFORM.   KNOW WE ARE IN A GREAT PLACE AND ALL OF THIS IS IN THEIR MEDIA TO THE CITIZENS.   [post 3 of 3]

11-26-2014   Newshound Guru Millionday    THE BANKING REFORM INCLUDES ELECTRONIC BANKING -- ATMS -- DEBIT -- SMART CARDS -- WIRE TRANSFERS AND THE LIST GOES ON SO THE ONLY LEGAL TENDER THEY HAVE IS EXPANDING TO OTHER RESOURCES -- PLASTIC -- WIRING -- PAPER - COINS -- LOANS---- THE REFORMS AND AMOUNT OF DENOMINATION WILL NOT APPLY AT THE IMPOSED RATE THEY ARE USING RIGHT NOW AND IT IS NOT A REALITY RATE EITHER --- SO A FAIR MARKET VALUE OF THE DINAR WILL BE APPLIED FOR THE ECONOMIC REFORMS...PAPER CURRENCY IS NOT THE ONLY TENDER THAT MOST ALL COUNTRIES HAVE.  [post 2 of 3....stay tuned]

11-26-2014   Newshound Guru Millionday   THEY CAN APPLY CHANGES TO THE REALITY RATE FOR TRADE AT ANYTIME THEY WOULD LIKE -- CBI IS INDEPENDENT AND HAS THAT JOB.  [the Iraq airlines now need to use Iraq Dinar, and other companies...I understand they do not have much dinar left so it means they have to RV soon?]  THEY HAVE A LOT OF DINAR -- THE PROBLEM IS THAT THEY ARE TRYING TO REMOVE THE DAMAGED AND HAVE REPORTED THAT THEY ARE GOING TO BE USING COINS AND SMALLER DENOMINATIONS SO THE DENOMINATIONS THEY HAVE IN THE HIGHER VALUED THEY HAVE NOT PRINTED A LOT OR AT LEAST NOT ENOUGH TO "PAPER" THE COUNTRY.  [post 1 of 3....stay tuned]

11-26-2014   Newshound Guru Kaperoni   Breakings news...Shabibi may have been acquitted of the charges and prison sentence. More later.

11-26-2014   Intel/Newshound Guru Poppy3  HAVE A RUMOR...WAS TOLD TODAY THAT THE 55 COUNTRIES COMING IN SATURDAY WHERE GOING TO BE ADDRESSED BY THE NEW PRESIDENT OF THE ISX AND THEY WOULD BE TOLD THE PRICE OF THE NEW BOND PROGRAM AND THE RATE SO THEY COULD INFORM THEIR INVESTORS BACK HOME. IF THIS TURN OUT TO BE TRUE WE WILL HEAR THE RATE SOON.  IT WILL BE LEAKED ---- IF ITS NOT IT WILL JUST BE ANOTHER WILD RUMOR.  THE RUMOR MAKES SINCE THEY WOULD HAVE TO KNOW TO ENTICE INVESTORS. TIME WILL TELL.   11-25-2014   Intel Guru TNT Tony    We have received great news, one more window.

11-25-2014   Newshound Guru wmawhite    IMO...the CBI will change the staus of the IQD when it is ready...when it has what it needs in place (worldwide). Remember, the CBI is working with numerous financial entities around the globe to do this.  Remember, the IQD will be a product of Iraq and the CBI is the store. Through all of these trade agreements that Parliament has been signing is lining up the eventual customers that the CBI will need to help strenghten the IQD.  I look at what we see today and compare it to 4 1/2 years ago and this is great. What we don't hear is the fact that Iraq still has foreign companies coming into Iraq to do business. They know what is coming. Growth.

11-25-2014   Intel/Newshound Guru tman23  I was told...that in Iraq "financial resource centers" usually open at 7:30 am and close 3;30pm....Today notices are on doors that they open at 8am and will be operating extended hours to 11;30 pm...This is confirmed!!    Don't know hours of operation tomorrow etc...but they are working double shifts today...People in Jordan and Lebanon have cards loaded with salaries but cannot get money and cannot travel to Iraq...so I suspect that this may have to do with the Mastercard being accepted outside of Iraq to ease the burden on displaced citizens...I know they said the limit of cash per day on transactions is $3,000 per day cash withdrawal...$4,000 internet purchases...and 10,000 in Iraq marketplace...so this is using a "card"...(not necess...a Qi card).

11-25-2014   Newshound Guru My Ladies    OUR OPINION IS WITH OUT BANKING BACKBONE OIL AND GAS HAS NO WAY OF BEING OPERATIONAL.  IRAQ IS GOING THROUGH A TOTAL REBIRTH.  WE NEED TO MOVE WITH THE PROCESS NOT TRY TO TURN THE PROCESS INTO WHAT WE WANT IT TO BE. IS OUR INVESTMENT SOUND? IN OUR OPINION...YES IT IS!   THERE IS A HUGE STRATEGY IN PLACE...AND HAVE A PLAN.  THAT PLAN WAS NOT CONSTRUCTED TO FAIL. [post 3 of 3]

11-25-2014   Newshound Guru My Ladies   THE CBI HAS A STRATEGY IN PLACE. THE CBI IS WHERE THE KEY TO OUR INVESTMENT IS.   NOW UNDERSTAND PLEASE OIL AND GAS HAS ITS PLACE AND SO DOES THE AIRPORT AND THE EXCLUSIVE USE OF DINAR AND YES THE ECONOMIC REFORM, BUT IT ALL STARTS AND STOPS WITH THE CBI.  AND WHAT DOES THE CBI CONTROL? THE BANKING SYSTEM, BOTH PUBLIC AND PRIVATE.   AND WHAT IS NECESSARY TO KEEP THESE BANKS OPERATIONAL AND MOVING INTO THE NEW MONETARY SYSTEM? INTO THE NEW INTERNATIONAL SYSTEM?  AN INFRASTRUCTURE AND LAWS.   [post 2 of 3....stay tuned]

11-25-2014   Newshound Guru My Ladies   THE HCL…OH MY GOSH…THIS LAW IS NOT THE SALVATION OF IRAQ.  IT IS IMPORTANT BUT ...THERE ARE OTHER LAWS OF EQUAL IMPORTANCE AND THEY DIRECTLY AFFECT THE BANKING SYSTEM.   IT WAS ALREADY DECIDED THAT THE GOI WOULD NOT INVENT NEW LAWS, WOULD NOT WRITE NEW LAWS INTO THE CONSTITUTION...THAT THEY WOULD JUST GO WITH THE ORIGINAL OIL AND GAS LAW OF 2007 WITH MORE MUTUALLY AGREED UPON NUMBERS BETWEEN KURDISTAN AND GOI INSERTED.   [post 1 of 3....stay tuned]

11-25-2014   Newshound Guru Millionday   THEY ARE WORKING TO GET PAST BANKING WORKERS AND PRESENT TRAINED IN GLOBAL BANKING ETC.   THEY ARE NOT ONLY MEETING TOMORROW AND IN PARLIAMENT TO PASS ALL THE LEGISLATION THEY HAVE FOR BANKING FOR IRAQ BUT ARE ALSO PASSING THEIR GLOBAL BANKING LAWS AS WELL FOR INTERNATIONAL COMPLIANCE. THE UN ANNOUNCED PUBLICLY --- THE IRAQI REFORMS HAVE BEGUN...NO LIST OF WHAT LEVELS BUT OBVIOUSLY THE BANKING ANYWAY.  THE PRESIDENT HAS MADE IT VERY CLEAR THAT THEY ARE WILLING AND WANTING TO OPEN TO THE ENTIRE GLOBE WITH ITS ENTRY -- THEY ARE WELCOMING ALL THAT THEY CAN WITH THEIR INTERNATIONAL RECOGNITION.  WE ARE IN A GREAT PLACE AND IRAQ IS MOVING FORWARD...   [post 2 of 2]

11-25-2014   Newshound Guru Millionday   TODAY  [MONDAY] THE NEWS IS THAT THEY HAVE CALLED FOR ALL BANKING AND ECONOMIC LEGISLATION TO BE ACTIVATED/PASSED OR WHATEVER IT TAKES TO PUT IN PLACE -- THIS IS LOCAL BANKING AND GLOBAL AND TO GO GLOBAL FOR THE MARKET.  THIS LEGISLATION...AS FAR AS LAWS WENT AND TOLD US IN INK THAT IT WOULD COME IN THREE PHASES -- THE FIRST IS ECONOMIC.   TOMORROW  [TUESDAY] WE HAVE NEWS OF A HUGE HUGE MEETING TO BEGIN AND ALL ABOUT IRAQ ECONOMICALLY AND FOR TRADE WITH MANY COUNTRIES.   THEY ARE SAYING IS THEY ARE HUSTLING TO GET THE PRIVATE BANKS UP TO THE PLACE THAT THE INVESTMENT BANKS AND GLOBAL BANKS ARE AT THIS POINT WITH THE DEVELOPMENT AND BANKING REFORM SO THEY TOO WILL BE MAKING REVENUES AS THEY SHOULD AS SOON AS POSSIBLE.   [post 1 of 2....stay tuned]

11-25-2014   Newshound Guru Bondlady   Article:  "Saleh: The government is determined to apply the laws of economics"  they passed some laws but couldn't open them cause it needed other laws to go with them to make them work right...so many of these laws are connected to each other in some way or form...you couldn't just activate 1 with out activating most of them. Shabibi told them for years these laws had to be done before he would change the rates...

11-25-2014   Intel/Newshound Guru Backdoc  AS WE ALL KNOW BY NOW, THE WORK ON HCL HAS BEEN DONE FOR AWHILE NOW, SO WHY NOT BRING IT OUT AND APPLY THE LAW? BECAUSE OTHER IMPORTANT LAWS NEED TO BE READY TOO!  BASED ON TODAYS ARTICLES IT APPEARS THAT WE ARE COMING TO THE END QUICKLY.  WHAT BETTER WAY COULD YOU CONCLUDE THE INTRODUCTION TO THE RULE OF LAW AND THE IMPLEMENTATION OF ALL THE OTHER LAWS WHICH WILL ACTIVATE THE PRIVATE SECTOR, AND IMPLEMENT THE MONETARY REFORM?  ANSWER! A DAY OF NATIONAL RECONCILIATION! BY THE WAY I BELIEVE THAT IS SLATED FOR THURS. IF I REMEMBER CORRECTLY!  COULD THE CONCLUSION TO THE AMNESTY LAW ALSO BE THE BEGINNING OF A NEW IRAQ?  JUST A THOUGHT SINCE THEY SAID THEY WOULD DO ALL 4 OF THE IMPORTANT LAWS ALL AT ONCE!

11-25-2014   Intel Guru DC   [via zebragirl]   In the news...TV, etc., it’s quite simply stating ...that the CBI says it’s ready, and the Prime Minister and his Finance Ministers, etc., have come on board, said OK...we request that the CBI remove the zeros immediately.  And that has been playing for the past two days...   The CBI is also responding saying we’re absolutely ready to implement the three-zero reform and complete the currency reforms immediately...the pressure is immense for everything to go on and get done...Iraq is ready to get this done right now.

11-25-2014   Intel Guru Frank26   [via Bulldogford65]  IMO, the HCL (hydrocarbon law) is done...the HCL only needs to be implemented, it’s done, passed and ready to go...   The HCL = The End, IMO  ...laws are needed to complete the MR, (Monetary Reform) and we have been seeing evidence of these laws...  There is a meeting in Turkey that is extraordinary, bringing all the parties together to finish the MR, and we may see the parliament do something with laws tomorrow [Tuesday], but if not, don’t be discouraged, it’s coming.  The citizens know what is happening and what is coming...the businesses coming in to Iraq know it also, and the whole world knows it.

11-25-2014   Newshound Guru Stryker   ...Member of Parliament, Hadi Dalimy...announced that the House does not require a legislative holiday and will continue to work in adopting the important laws through December. This is what needs to be done if they/we have a chance to see the RV take place January 1, 2015.   Parliament will be back in session tomorrow [Tuesday], reading more important laws which will help Iraq regain global status. 11-24-2014   Newshound Guru Millionday    Article quote:  "The director of the Department of Foreign Economic Relations at the Ministry Hashim Mohammed Hatem said in a statement that he "will be on the sidelines of the meeting schedule the views and proposals and comments to member states, to expand environmental trade between the member states of the Organization of Islamic Cooperation..."    ...THIS IS NOT A RUN OF THE MILL MEETING -- THIS IS ALL ABOUT THE SIGNING OF INTERNATIONAL AGREEMENTS --- SIGNING...   OBVIOUSLY THIS IS THE AGREEMENTS OF THE IRAQ AND THE MEMBER STATES OF THE ISLAMIC COOPERATION ORGANIZATION.   IT IS A VERY EXCITING TIME RIGHT NOW...

11-24-2014   Intel Guru TNT Tony   On tv NOW in Iraq, assistant to PM saying that this economic reform that is underway will be over by dec 1st. 

11-24-2014   Newshound Guru Aggiedad77     If ever Iraq were on a "fast track" with anything...It appears they are attempting to "fast track" the HCL.  All parties...and I mean "all parties" seem to have a vested interest in success.  I can't recall if we've ever seen such a focused effort on anything this positive across Iraq.

11-24-2014   Newshound Guru Millionday    [is the new law using dinar only implemented?]   YES.  THEY COMPLAINED ABOUT THE AIRPORT USING US DOLLAR THE OTHER DAY AND TO REALLY LOCK IT DOWN AS THE ONLY CURRENCY.  THIS IS BEING TOLD IN PRESS STATEMENTS TO THE CITIZENS AS WELL.  DURING PRAYER AND ALSO ON THEIR TELEVISION ARE MANY REPORTS AND STATEMENTS BEING RELEASED TO CITIZENS THAT THEIR NEEDS ARE BEING MET IN THE VERY NEAR FUTURE.  [post 3 of 3]

11-24-2014   Newshound Guru Millionday    ...10 FINANCIAL INSTITUTIONS HAVE RECENTLY MET THE CHALLENGE OF COMPLIANCE INTERNATIONALLY WITH ALL THEY HAD TO DO -- THEY WERE LISTED ON THE ISX SO MANY ARE WORKING HARD TO BE ABLE TO GROW AS WELL DUE TO THE OPENING OF IRAQ TO THE GLOBE.  ...THE LAWS THEY HAVE WRITTEN WHEN IT IS TIME TO GO TO GLOBE ARE NEEDING TO BE PUT IN PLACE FOR IRAQ TO GO BACK TO THE GLOBE.  [post 2 of 3....stay tuned]

11-24-2014   Newshound Guru Millionday   THEY ARE CALLING FOR THE MARKET ECONOMY AND THE OPENING TO THE GLOBE WITH THE DINAR SET FOR TRADE.  THEY OF COURSE PLAN TO USE THEIR BANKS IN THE DEVELOPMENT AND HAVE ALSO DEVELOPED THEIR STATE BANKS WITH THE HELP OF THE WORLD BANK.  Quote:  "The committee is working on legislation to restructure the banks and government Rafidain and Rasheed to free them from the domination of the Ministry of Finance and imbedded two major banks competitors for local and foreign banks law," adding that "this project will be submitted to the Presidency of the Parliament in the next few days for discussion and voting on it."  THIS IS NOT JUST BANKING LEGISLATION BEING FINALLY PUT TO LAW BUT ALSO THE FOREIGN BANKING LAWS AS WELL -- HUGE.  [post 1 of 3....stay tuned]

11-24-2014   Newshound Guru tlm724   "Saleh: The government is determined to apply the laws of economics"  I think Saleh advising Abadi on all these economic laws is a huge bonus for us. Saleh KNOWS about how to get them passed...if I was Abadi I would want someone just like Saleh in my pocket...he also knows how Shabibi wanted things done to open the doors for an increase in the value of the dinar!

11-24-2014   Newshound Guru Millionday  [With all these new laws in place now, do you think they will wait till Jan 1st, just easier in their books?]  A PLAN THIS HUGE HAS NO GREAT DATE THAT WILL IMPACT THE CALCULATION OF THEIR ENTRY UNLESS THEY CONTINUE TO SIT ON THEIR HANDS -- THEN THAT WILL BEGIN TO EFFECT THEIR COUNTRY AND NOT IN A GOOD WAY -- ECONOMICALLY THEY HAVE TO GET THEMSELVES BACK IN THE GAME IMO -- WITHOUT IT THEY REMAIN SECLUDED AND WITHOUT GROWTH POTENTIAL.

11-24-2014   Intel Guru Backdoc   Article quote:  "Mohammed Saleh, Sunday, that the government will adopt the budget in 2014, with some adjustments for 2015, stressing that the budget next year is the most difficult on budgets."  I SEE NO RATIONAL WAY TO ADOPT THE BUDGET WITHOUT A RATE!!   BEFORE THE END OF THE YEAR SOUNDS NICE!!

11-24-2014   Newshound Guru Aggiedad77    I think we are seeing Iraqi laws aligning themselves...one right after the other...some obviously more critical than others...but they are forming together within the COM and Parliament...Be on the lookout for laws to start jumping like popcorn...both federal level laws as well as laws that provide more power and clout to the provinces and local governments.  PM Abadi is calling for a large meeting in the near future...we don't have a date yet, but many great political minds will be gathered to work on reconciliation at the state level... they are proving great evidence of cooperation and immense levels of integrity at all levels.  Never before have we seen such a long continuous run of good work and information coming out of Iraq. 

11-24-2014   Intel Guru EXOGEN   WHAT IRAQ IS DOING IS IMF PROTOCOL NOW.  THE USA WILL ALWAYS HAVE A DEGREE OF INFLUENCE IN IRAQ BASED ON EXECUTIVE ORDER 13303.   WHAT WE HAVE IN OUR FAVOR IS WE ARE NOW APPROACHING IMF ARTICLE VIII. [See the possible "to do list" in the Dinar Guru Resource Bar on the left.]

11-24-2014   Intel Guru Jester   THIS THING IS WRAPPING UP... IT IS NOT GOING TO GO THE WAY EVERYONE OUT THERE SAYS... THEY WILL ERRONEOUSLY REPORT EVERYONE GOING TO THE BANK ON THIS DAY OR THAT DAY AS YOU ARE SEEING EVEN NOW...BUT IT WILL NOT HAPPEN THAT WAY... THE LEGITIMATE GROUPS ARE GOING TO TAKE SOME TIME... THEY ARE HUGE... IT WILL NOT BE DONE IN AN INSTANT... THE RV COULD BE IN 2015... PUBLIC WILL BE SOMEWHAT AFTER THE GROUPS... AND THAT TIME FRAME IS PROBABLY REASONABLE...THE INFORMATION AND TIMING WE HAD LAST YEAR FOR AROUND THANKSGIVING ACTUALLY DID HAPPEN... MOST PEOPLE DON'T KNOW THAT... BUT IT DID... AND THEN WAS STOPPED FROM GOING ANY FURTHER... THOSE PEEPS ARE STILL WAITING... AS WE WERE AT THE TIME... WOULD NOT SURPRISE ME A BIT IF THEY DID NOT HAVE THE SAME TIME FRAME IN MIND FOR THIS TIME.

11-24-2014   Newshound Guru Millionday  [DON'T YOU AGREE THEY HAVE ALL STATED LETS GET R DONE?]   I AGREE -- WITH SO MANY SIGNED AGREEMENTS -- PER THE TEMP HCL -- THEY NEED TO LEAP -- GOOD POINT.  [is the Temp HCL enough for CBI to RV, or is CBI looking for final HCL?]  THE TEMP HCL IS ABOUT THE ECONOMIC SIDE OF THE OIL PRODUCTION AND THE REST IS CONSTITUTIONAL WHICH WILL BE EASY TO RESOLVE AT THIS POINT BUT THE SIGNED HCL NOW IS STANDING AGREEMENT AND LEGAL REPORTABLY.   [...in your opinion (according to the ink) are they (banks) ready to go now?]  CBI ANNOUNCED THAT THEY WERE.   [post 2 of 2]

11-24-2014   Newshound Guru Millionday  [ARE THEY FINISHING THE 14 BUDGET?]   THEY ARE SPEAKING AS IF IT IS DONE BY WHAT I SEE AND ALSO ARE SENDING OR HAVE SENT THE NEXT YEARS TO PARLIAMENT AS WELL.  [THE ACTIVATION OF FUNDING TO GET ROLLING AGAIN IN BUSINESS, this is going to need a reality rate?]  THIS WILL NEED A FAIR PRICE FOR THE DINAR CALCULATED BY THE REALITY OF ITS VALUE -- NOT IMPOSED.  [does it sound like they are waiting on the 2015 budget to be finished to include the activation?]   NO.      [post 1 of 2....stay tuned]
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