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Look below for the Latest Guru posts
8-11-2014 to 10-14-2014
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] 11-23-2014 Intel/Newshound Guru Poppy3 THEY HAVE NOW ALL CALLED FOR THE MOVE TO MARKET ECONOMY. THEY HAVE NOW TO MOVE QUICKLY AS THEY NOW HAVE ALL LEADERS IN AGREEMENT TO MAKE THE MOVE. THEY HAVE ALL STATED THAT IS THE NEXT MOVE.
11-23-2014 Newshound Guru Millionday "Economic Adviser to the Prime Minister announced the appearance of Mohammed Saleh, that the government is bound to activate all economic laws adopted earlier and did not apply so far, including customs tariffs and consumer protection and the protection of the national product laws." THIS IS A VERY IMPORTANT ANNOUNCEMENT BY SALEH AND WHERE IRAQI GOV IS ECONOMICALLY. UNDERSTAND THAT ALL LAWS ARE DEPENDENT ON EACH OTHER OR THEY MAKE NO SENSE. SALEH IS ANNOUNCING THAT THE GOV IS ACTIVATING ALL ECONOMIC LAWS TO ADVANCE.
11-23-2014 Newshound Guru Adam Montana The rate. If it comes out at a dollar or higher, I am 100% OUT. Some people may wait for it to rise, and I do think that eventually it will hit $3+... If it comes out around a dime, like I believe it will, then my strategy will depend on the cash in window. I believe it will be no less than 90 days, and up to two years. But there's another variable as well - will it be pegged or will it float based on the market? I can see valid reasons for doing either of those... Another thing to consider - the stability of the country at that time, and how the world reacts to it.
11-23-2014 Intel/Newshound Guru Backdoc OIL,OIL,OIL!! THAT'S WHY HCL MUST BE PASSED AS THEY SAY QUICKLY...WITH IRAQS' OIL PRODUCTION PLANNED TO DOUBLE SOON, BECOMING THE WORLDS #1 CURRENCY IS ONLY A TIME ISSUE!
11-23-2014 Newshound Guru tlm724 Article: "Economists call for the restructuring of state-owned banks to provide performance equivalent to the opening of the Iraqi market" Quote: "restructuring of banks in proportion to the global development of the global banks and keep up with economic openness with the countries of the world" this project will be submitted to the Presidency of the Parliament in the next few days for discussion and voting on it...to upgrade the Iraqi banking system through the support of the banking sector legislation of laws. this legislation will be the catalyst for change in the banking system as well as the foreign exchange regime, Iraq is setting the stage to go into article VIII of the IMF...*hallelujah*... Banking laws are lining up.
11-23-2014 Newshound Guru Aggiedad77 ...we continue to see more evidence of PM Abadi's desire to do the right thing...his recent appointment of Dr. Saleh as a personal consultant I think shows his faith in the former CBI official...Abadi continues to show the people of Iraq and the world that his intentions are to build an Iraq that is based on honesty and integrity...cutting corruption, terrorism, and excessive spending.....putting Iraq and its government on a "diet" a reduction not in calories but in the amount of money it has been spending frivolously in the past 8 years. The gold inlayed desks and crystal chandeliers are a thing of the past I think...it's time to be frugal with how money is spent and work on holding everyone, everyone accountable for their budgets...and let that accountability start with their upcoming 2015 budget.
11-23-2014 Newshound/Intel Guru BGG "Al-Shammari...stressed the need to instruct government departments and institutions that deal in Iraqi dinars, to help raise its value against the US dollar, which assigns the Iraqi national economy..." Al-Shammari sounds like he is after both the Dinar to be "the currency" and it to raise in value. [do think with all this going they may have go into 2015 for rv reform to get everything done and in order?] I do not - it does not HAVE to go into 2015...in fact, slim chance of as much - or at least very far into 2015.
11-23-2014 Newshound Guru tlm724 Article: "Economist urges the Government to deal in local currency instead of dollars" Economist urges the Government to deal in local currency instead of dollars. They keep repeating this, the push is on baby! Quote: "The adoption of governmental institutions in financial transactions on the foreign currency, especially the dollar is not desirable and not supporting Iraq economically..." stressing that the advancement of the Iraqi economy is through this step. Quote: "has called for some state institutions to local currency adoption of the US dollar rather than in their dealings to raise its value against the dollar to support the Iraqi economy" to raise its value! each day brings us more insight into how they are doing this, step by step ! De-dollarize! [ I think the beginning of 2015 is going to be very special!] I agree...
11-23-2014 Intel Guru TD Here are the facts before us... So the GOI has announced severe austerity measures. The IMF has provided emergency loans. The GDP in 2014 has shrunk. Oil prices are plunging, cash reserves are tapped out. There is NO foreign capital investments based on all of the above and still no progress on transformation into a market driven economy. And lastly, the security situation still remains as the 800 pound gorilla in the room. So, you can look at the glass half full or half empty but in REALITY, I can't even find the ANY water to pour into the glass right now!
11-23-2014 Newshound Guru Aggiedad77 And if this is the truth, they are making some very worthwhile gains regarding Article 140 at the same time, the ownership of Kirkuk an area that has been in dispute for a number of years. Any way you look at this agreement it is a WIN WIN WIN for the Kurds...and a WIN I think for all of Iraq because it triggers the HCL in the end as well as Article 140 resolution. Of course triggering these two big events also SHOULD trigger things on more of an international level for the world. [post 2 of 2]
11-23-2014 Newshound Guru Aggiedad77 Article: "One oil refinery in Erbil: Dh start Kirkuk oil to Turkey via the Kurdistan line after a week of Baghdad agreement - Erbil" Either way you look at this news...the Kurds are the real winners here. They have gained 150,000 barrels of oil per day by being allowed to flow the Kirkuk oil thru their pipeline, on the face of things, they are saying they "are giving 150,000 barrels of oil per day to Baghdad, but the truth is they are "gaining" this 150,000 barrels of oil to add to their production. [post 1 of 2....stay tuned]
11-22-2014 Intel Guru TerryK STILL HEARING THAT IT'S THE FIRST OF THE WEEK...SOURCES SAY ANYTIME FROM THIS PAST THURSDAY ON...BUT FEEL LIKE FIRST OF THE WEEK.
11-22-2014 Newshound/Intel Guru BGG I did have it reported to me over the last couple of days - on Iraq TV MP's are talking openly about "encouraging" the CBI to start the "project to delete the zero's" immediately...somewhat "rumorish" - but based on who and where it comes from - I'm fairly confident it's good info.
11-22-2014 Newshound Guru Adam Montana [ I keep reading that the HCL is done and then it isn't done. When it is really done, what other laws need to be passed before we see a RV. I know you don't have a crystal ball, but how long will this go on before we see an RV?] NO laws have to be passed to RV - the CBI could do it today if they wanted to. But they aren't going to do it until the HCL is done because they need that revenue engine firing on all cylinders in order to sustain the rate they choose. Without the HCL, Iraq is only running on a few cylinders.
11-22-2014 Intel/Newshound Guru Backdoc YESTERDAY THE GOI TOLD ALL STATE DEPARTMENTS TO BEGIN EXCLUSIVELY USING THE DINAR OVER THE DOLLAR FOR ALL FINANCIAL TRANSACTIONS. EVEN THE AIRPORT WAS INFORMED TO DO THE SAME. BUSINESSES WERE ALSO INVITED TO DO THE SAME. THAT WORKS FINE FOR DIGITAL BUT NOT SO WELL OUTSIDE THAT ARENA! WHAT THIS WILL DO IS BEGIN MAKING A MARKET FOR THEIR NUMBER 1 PRODUCT, THEIR CURRENCY!! BINGO! THEY ALSO STATED THIS WEEK THAT THEIR CURRENCY IS UNDERVALUED...I LIKE THE RECIPE THIS IS MAKING! CREATING DEMAND FOR A CURRENCY IN HOUSE FIRST, TELLING US THEIR NUMBER 1 PRODUCT IS UNDERVALUED AND THE OIL AND GAS LAW LOOKING TO HAVE THE WRAPS PUT ON! JUST TO PUT A CHERRY ON TOP...WE SAW SOME SERIOUS CURRENCY FLUCTUATION YESTERDAY! JUST TESTING? OR THE BEGINNING OF SOMETHING MORE TO COME? [post 2 of 2]
11-22-2014 Intel/Newshound Guru Backdoc TUESDAY WE SAW IRAQ RECEIVE A LOAN FROM THE IMF, WED. THAT MONEY WORKED ITS WAY INTO THE BIG STATE BANKS FOR REFORM AND ON THURS. WE SAW THE KURDS WERE PAID 500 MILLION DOLLARS FOR SALARIES. THIS WAS AN UNPRECEDENTED AGREEMENT BY THE GOVT. AND THE KURDS ON THE OIL AND GAS LAW. THIS AGREEMENT HAS LEAD TO FURTHER PROGRESS OVER THE WEEK LEADING TO A SIGNED WORKING AGREEMENT ON COMPLETING THE NEW HCL LAW. THE HCL LAW, FEDERAL COURT AND PARTIES LAW, AND AMNESTY LAW LOOK TO BE PASSED ALL AT ONE TIME. THE PREPARATION FOR THOSE LAWS ARE AND HAVE BEEN UNDERWAY NOW FOR SOME TIME NOW, MOST NOTABLY THE HCL. ON TUES. WE SEE PARLIAMENT BACK IN SESSION TO POTENTIALLY REVISIT THE PASSAGE OF THESE IMPORTANT LAWS! [post 1 of 2....stay tuned]
11-22-2014 Intel Guru Mnt Goat Can the USA continue to hold it up? I believe that they can as long as they can convince the UN they have reasonable cause to do so. There is however, a backdoor plan that is being considered to circumvent the USA for any further “unreasonable” delays. They have been warned. They know there will be severe penalties should the UN have to take this action. Everything is on our favor to see this RV very, very soon. 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]
11-22-2014 Intel Guru Mnt Goat Today Iraq has once again told us what their priorities are. Parliament returns four important laws to the Council of Ministers for approval. Besides the first priority of the general budget law for 2015, these four laws are as follows: 1.Oil and Gas (HCL) 2.Federal Court – (law of Accountability and Justice) 3.Parties (define and limit parties in Iraq for next election process in 2018) 4.General Amnesty Law. ...these are all critical to Iraq and each one is expected to be completed and FULLY implemented by the end of 2014, if not sooner. So now we once again peel our ears for news and watch the news media for articles on the implementation of laws in these four areas. This will give us hints as to just how close we really are in this RV process. I have to say it is a matter of days if not hours. [post 2 of 3....stay tuned]
11-22-2014 Intel Guru Mnt Goat I believe Iraqi is literally on the verge of bringing back their currency online to a global status. When we say “revaluation” what it really means is to say that for the country of Iraq to once again have a globally recognized currency (hopefully at a higher rate). I...believe we are in a sweet spot right now to literally see this RV in the coming days ahead. This is by far the best place I have ever seen this investment in the 10 years I have been following it. Last week we once again we heard about the finance committee of parliament telling the CBI to move forward with the project or come to the parliament and justify the holdup. I believe there is no holdup since my CBI contact has told me they are now moving forward with full implementation of this project once again. [post 1 of 3....stay tuned]
11-22-2014 Newshound Guru My Ladies THE SUMMIT ENDS TOMORROW THE 22ND WITH A SPECIAL CLOSING ADDRESS FROM JOE BIDEN WHO HAPPENED TO BE IN TURKEY FOR MEETINGS WITH THE TURKISH PRIME MINISTER TONIGHT FRIDAY. I THINK WE SHOULD BE SEEING THE FINAL WRAP UP OF THIS OIL AND GAS LAW SOONER THAN LATER. AT THIS POINT THERE IS NO WHERE ELSE TO GO, IRAQ NEEDS AN INTERNATIONAL REALITY RATE AND THEY OF SORT OF NEED IT NOW IF YOU REALLY READ AND LOOK INTO WHO IS INVOLVED AND WHAT’S GETTING DONE. CONNECT ALL THE DOTS FOLKS AND IT WILL LEAD YOU INTERNATIONAL. [post 2 of 2]
11-22-2014 Newshound Guru My Ladies ...THE ATLANTIC COUNCIL ENERGY AND ECONOMIC SUMMIT...WAS HELD IN ISTANBUL THESE LAST FEW DAYS. FOR THE FIRST TIME EVER THE OIL MINISTER OF BAGHDAD AND THE OIL MINISTER OF KURDISTAN SAT DOWN TOGETHER AT THE ...SUMMIT TOGETHER IN INSTNBUL TURKEY ON THURDAY AND WERE ABLE TO GET ALONG AND PLAY NICE. NOW WHY WOULD THEY BOTH THERE. NEVER BEFORE HAVE THEY BEEN INVITED TO ATTEND. [post 1 of 2....stay tuned]
11-22-2014 Intel Guru TNT Tony This is their hurry-up-do-it-now plan, to bring us through and then cut it off until the new year. I don’t know their justification for that. I hope everyone understands the process. It could be a great weekend and a great Monday and hopefully by Tuesday we’ll all be lined up at a bank somewhere. I want everyone to understand what we have been hearing, that after we exchange it may be stopped for the holidays and restart at the beginning of January. [post 3 of 3]
11-22-2014 Intel Guru TNT Tony The plan includes a designated time for this get started between now and Monday (including Monday, because that is the final window option). No matter when it starts, they want to run everyone through by Thanksgiving, which is Thursday! I’ve told you that the international rate might go up, but in this scenario, that might not happen. They actually don’t want to put it on Forex until January (by preference), so they may be taking that option away from you. The biggest thing we are hearing in Iraq is that by 1st December those three zeros will be dropped off their currency. [post 2 of 3....stay tuned]
11-22-2014 Intel Guru TNT Tony [via Adept1] There are public statements about this being done by Thanksgiving. Our guys said between the 20th and the 25th, because that is when they get paid in Iraq, and they want to have the true rate when they load the cards. If this goes between now and Monday, we’re going to go in ...and they will push it as much as possible before Thanksgiving. From December 1, the currency exchange will be cut off until January 1...they will cut off exchanges during December. We don’t know because it’s the holidays, banking fraud or what, but that is what we hear the plan is, so far. This is what’s being circulated... [post 1 of 3....stay tuned]
11-22-2014 Intel Guru DC We understand the UST is ready, the banks have been briefed, the command centers are ready, and everyone is ready to go on. Timelines and windows for non-Iraqi citizens (i.e., US citizens, etc.) are these: they still plan to have Dinarland, the people who are really paying attention, to be done by Thanksgiving. That is fast but reassuring. The general public will then start after Thanksgiving. [post 3 of 3]
11-22-2014 Intel Guru DC [ Who is going to pull the trigger and how an options do they have?] With all the checks that have been run at the finance ministry, security, IMF+BIS, CBI and all the rest, they agreed several days ago that it is up to Iraq, and ...they are set up to go. The CBI will do it, it will propagate through ISX and to the other banks. Then they will adjust the CBI.IQ site in Iraq and Houston. After that, Abadi and others will announce it after the fact. There are four feasible windows. [The first window was this morning (Friday), and it didn’t go.] When everyone was ready yesterday [Thursday] afternoon, the US said, “We fully support it, but you’d better not do Option A”. Otherwise, they are playing ball nicely. There was productive lobbying for options B, C and DC, by US and European politicians. There are two windows this weekend and one early next week...those timelines are already agreed to...They are staying firm and that is a wonderful thing. [post 2 of 3....stay tuned]
11-22-2014 Intel Guru DC [via Adept1] Iraq is extremely prepared, have run through all their checklists. They are absolutely prepared and notified everyone, and everyone agrees including the USA. In Parliament, the Budgets have been done and they will announce the adjustments to Erbil, HCL and the Kurds. The amnesty law has been completed and is now ready [They are announcing the amnesty law today (Friday), right?] Yes. It’s not vital for the RV, but it does help keep people calm. On Iraqi television and in the mosques, they are announcing this will happen any time...They have been doing things in the news of how ready they are for this. [post 1 of 3....stay tuned] 11-21-2014 Newshound Guru Kaperoni Article: "Najafi: the coming days will witness the meeting of the three presidencies" Quote: "As confirmed by Vice President Osama Najafi Haider al-Abadi was confident the government and support towards achieving what is required of them, called the head of the Islamic Supreme Council of Iraq Ammar al-Hakim to create a road map and a set of baskets for legislation required laws." Looks like they plan to do these laws in baskets which is a great news!
11-21-2014 Newshound Guru Millionday THEY HAVE SIGNED A TEMPORARY AGREEMENT CLEARING THE WAY FOR THE HCL -- WHOOOPOW...THEY HAVE SIGNED -- I SAID SIGNED AN AGREEMENT FOR THE OIL BETWEEN IRAQ AND KURDS -- TEMPORARY WOULD BE TO USE TEMPORARY --- SO THE PERMANENT ISSUES WILL BE RESOLVED... BUT USABLE AGREEMENT THEY HAVE.
11-21-2014 Intel Guru Frank26 I strongly believe the RATE can appear at any futuristic proximal nano second that is next in the progression of realistic time and space. My TEAMS and I are looking for something we are calling an EVENT HORIZON. We believe the EVENT has been shown. The evidence of it is The HCL. We believe once this HORIZON is fully visible ...All hell will break loose...
11-21-2104 Newshound Guru Breitling ...So what's going on? Through authority…the people who set this up said they undervalued it. Through authority the CBI, The Minister of Finance and the Minister of Planning said it was undervalued and that the minimum goal was a buck…Have they gotten there yet? No. But the elements that they need in place is what they are doing now…that is how we know they are moving forward. So they still are not at their market rate. That's why people are speculation on the dinar. [Post 2 of 2]
11-21-2014 Newshound Guru Adam Montana [I...read...that Parliament is now off until Tuesday, 11/25! They will only work until the end of this month and take next month off as usual. So, if things DON'T get done by the end of November, is the RV going to be February or March of next year?] I wouldn't put too much stock in the dates you read - just because they are "off" doesn't mean they aren't still working and won't put together the deals that need to be put together. You have to realize that Iraq IS a corrupt country, and backroom deals are ESSENTIAL to progress in that culture.
11-21-2014 Newshound Guru My Ladies Article: Kurdish parliamentarian confirms the participation of Kurdistan in the preparation of the draft oil and gas law. WELL NOW WE'RE COOKING WITH GAS ...LITERALLY...YOU SEE MONEY WILL ANSWER TO MONEY..EVERYTHING ELSE IS JUST NOISE...OH THEY'RE OPTIMISTIC ALRIGHT! WHAT WE JUST READ HERE IS BIG BIG BIG..AND BETWEEN THE LINES THEY WERE JUST TOLD TO GET IT DONE BY SOME VERY BIG MONEY MAKERS.
11-21-2014 Newshound Guru tlm724 Article: "Re four important laws to the Council of Ministers for approval" after the budget they will concentrate on the following laws: the oil and gas law and the Federal Court and the parties and amnesty. Next session is on the 25th
11-21-2014 Newshound Guru Breitling We have authority, saying that, the CBI, the Ministry of Planning, the Ministry of Finance saying we want to get the value of the dinar to a buck. They even go through the process. They talk about the two currencies co-existing together… they would never reduce the note supply like they're doing, they'd simply retire the notes. They wouldn't need to do anything. So it's going to revalue. Because they said so. They reduced the note count so that's how we know they are taking action to do it. [Post 1 of 2 stay tuned for the rest of Brietlings thoughts on why he feels the dinar value will increase]
11-21-2014 Intel/Newshound Guru Poppy3 i think the next 24 hours and then beginning monday morning for 48 more hours will really shed some light on our status pertaining to our rate increase timing. [The month of November sure seems to be bringing Christmas early?] very very possible. NOT sure how probable but for sure very possible.
11-21-2014 Newshound Guru tlm724 Article: "Shammari calls for the adoption of the state departments of the local currency rather than in US" calling all state depts to use the dinar instead of the US dollar...the global economic situation makes it imperative for everyone and the advancement of national vigor and the Iraqi economy...using it will enhance the economy no doubt...the more demand for the dinar the higher the value! It's so awesome to see this push.
11-21-2014 Newshound Guru Adam Montana [We have been watching Iraq for the past several years go through the motions of forming laws and remaking their country. Doesn't it seem like they are reinventing the wheel?] The country was plunged into poverty and chaos a little over a decade ago. Today, they are moving forward with solid plans and excellent progress. Maybe they are "reinventing the wheel", but I believe they are doing exactly what they need to do to regain their former strength and status.
11-21-2014 Intel Guru TerryK THIS BLESSING IS DAHM CLOSE. I'M HEARING THEY ARE LOADING CARDS YESTERDAY AND TODAY WHAT I'M GETTING IS THAT THEY ARE FAST TRACKING THIS NOW AND TESTING THE SYSTEM AGAIN. WHY WOULD THEY TEST A SYSTEM UNLESS THEY MEAN TO TURN IT ON? NO RATES YET.
11-21-2014 Newshound Guru Aggiedad77 People should be happy outside of Iraq...because the people inside of Iraq are very happy. The government is the real deal. Their PM is an honest man looking for ways to improve life for all Iraqis...in a corrupt-free environment. He proves that he can take action if he is crossed. The GOI is cooperative…The Parliament is cooperative. The many committees that have been formed work together. We don't know the date or the rate.....but who cares. Be excited for all that you see is happening...
11-21-2014 Intel Guru DC [Are we going to have the Best Thanksgiving ever?] IT IS FULLY PLANNED ACROSS THE WORLD FOR BEFORE BLACK FRIDAY, WE HAVE HAD OTHER DATES PROMISED, BUT THINGS LOOK SO DARN GOOD...I THINK XMAS SHOPPING WILL BE VERY FUN FOR EVERYONE. ALL MY FOLKS POINT TO VERY VERY CLOSE...THINGS LOOK REALLY GOOD AND AS LONG AS IT STAYS LIKE THIS, WE ARE GOLDEN...BOTTOM LINE, WE ARE STILL VERY GOOD TO GO. [post 2 of 2]
11-21-2014 Intel Guru DC ALL IS STILL ON TRACK...WE STILL HAVE 3.58 DINAR. IT APPEARS WE ARE ALL BACK TO ONE BASKET...ALL IN THE SAME BASKET NOW, COULD CHANGE BUT RIGHT NOW ALL SHOWING. THE REST OF THE WORLD HAS BEEN KINDA WAITING ON US, VIPS IN MANY COUNTRIES HAVE BEEN GOING FOR A WHILE, BUT WE ARE NEXT. IRAQ HAS THE TIMING BALL NOW, US PROMISES TO WORK WITH THEM, AS OF A FEW HOURS AGO STILL THE SAME. THE CBI WILL PUSH IT OUT, THEN ANNOUNCEMENTS WILL BE MADE AFTER THE FACT. [post 1 of 2....stay tuned] 11-20-2014 Intel/Newshound Guru tman23 If you are offered an exchange rate of $1.13 per IQD or even 86 cents per IQD...Well I'm all in!!! No waiting for a float to a better rate...And the "phrase" passed around...the second mouse gets the cheese...I counter with...the early bird gets the worm.
11-20-2014 Intel Gurus TNT Tony & DC [via Already Blessed] EVERYTHING LOOKS GREAT...IT IS THE WEEKEND...
11-20-2014 Intel/Newshound Guru tman23 LISTEN CAREFULLY!!! CONFIRMED THE PEOPLE'S SALARIES IN MOSUL AND NINEVEH PROVIDENCE HAVE BEEN RELEASED... [and/or LD's are out?] Dont even want to guess at it...just know that those in the Kurd region and Nineveh Providence which is Sunni are being paid...Note that each gov't entity releases salaries...the retirement is being paid for the 8th month...social security/welfare benefits are not paid yet...civil servant salaries are released...And some say they need to travel to Baghdad but those with smart cards can collect anywhere...as for today...Iraq is very very quiet in regards to news being published for outside sources.
11-20-2014 Intel/Newshound Guru Poppy3 Article: "Abadi calls for global investment firms to return to Iraq Date" ...WE ALL KNOW THE INVESTMENT FIRMS WILL NOT RETURN UNTIL A NEW RATE GIVES THEM SOMETHING TO TRADE ON. HOWEVER IT IS VERY ENCOURAGING THAT THE PM IS ASKING TODAY FOR THEM TO COME BACK INTO IRAQ. LETS HOPE THEY ARE ABOUT TO RAISE THE RATE AND ARE INFORMING TRADERS WHEN THEY WILL HAVE A ACCEPTABLE RATE.
11-20-2014 Newshound Guru Adam Montana [ If HCL is approved,do they necessarily have to wait until Budget 2015 is approved before they can RV their currency? With current situation, is it true that the lower oil price will force them to RV their currency ASAP?] Nope! They won't be "forced" to do anything, and they can RV with or without a current "budget"... but I strongly believe that when they do make that announcement, there will already be an approved budget ready to go waiting only on the CBI's rate to be plugged in.
11-20-2014 Newshound Guru Aggiedad77 Article: "Bahr al-Ulum: there are directions to collect the oil wealth of laws and the law of one" Talk continues in the direction of what the Iraqi's in this article call "the law of one". ...what they are referring to here is the HCL...the Oil and Gas Law...seeking to meld the desires of Baghdad with the concerns of Erbil into "one" and of course this makes the most sense...one common law that will dictate how oil and gas issues are dealt with in Iraq...Another show of unity for all Iraqis if they can make this happen. I personally believe they are very close to agreement on the issues at hand, that after many years of no real negotiations we are seeing positive interactions between both groups and actual movement forward...the ball is indeed moving down field.
11-20-2014 Intel Guru EXOGEN THE NEXT 24-48 HOURS SHOULD BE INTERESTING BASED ON SOME THINGS THAT TOOK PLACE AT THE G20 MEETING.
11-20-2014 Newshound Guru Stryker Article: "Bahr al-Ulum: there are directions to collect6 the oil wealth of laws and the law of one" This is a great article and full of great stuff...This shows that a parliament committee is hard at work getting things lined up and telling the Iraqi people what needs to be done, how to do it, and...how to get it done...it is a plan, by the parliament, for the people, that heads Iraq toward economic reform, and our RV.
11-20-2014 Intel/Newshound Guru Poppy3 MAN SO MANY MOVEMENTS IN SO MANY MEETINGS. LOTS OF GREAT SOUNDING AGREEMENTS ALMOST DAILY NOW AND FOR THE LAST FEW WEEKS. THE ONLY THING MISSING IS ACTION ON ALL THE AGREEMENTS. IT WAS REPORTED BY EVERYONE FROM THE GOI TO THE UNITED NATIONS THAT THE HCL HAS BEEN AGREED ON YET TODAY IT IS STILL PENDING PUBLICATION AND IMPLEMENTATION. THEY HAVE STATED MANY TIME THEY ARE PREPARED TO MOVE TO A MARKET ECONOMY YET THEY HAVE NOT TAKEN THAT ACTION YET IN ANY WAY...THEIR WORDS DON'T MEAN MUCH UNTIL THEY ACTUALLY TAKE ACTION. SEEMS TODAY THEY HAVE SEVERAL GREAT THINGS READY AND CAN TAKE INSTANT ACTION AND IMPLEMENT SEVERAL THINGS WITH ONE SWIFT MOVEMENT AT ANYTIME...TIME WILL TELL AND EXPECT ACTIONS VERY SOON.
11-20-2014 Intel/Newshound Guru tman23 It seems that what everyone keeps talking about is this law or that law...but in context those items have nothing to do with the CBI monetary reform...what does is the Kurds signing an agreement...and to quote the Turkey Minister...The agreement just signed between Erbil and Iraq Federal Government brings stability to Iraq and the region.
11-20-2014 Newshound Guru Adam Montana [Is there ANY difference in value of un-circulated Dinar as compared to crumpled up old circulated Dinar at cash-in?] ...the CBI currently states that they actually have the right to deny accepting any notes with even the slightest flaw...so if they were to do that, a note that's crumpled, soiled, ripped, or otherwise "destroyed" could be rejected. However... it's not likely that they will be that harsh, as it would undermine their goal with an RV - to increase their money's value and also their "worth" in the world as the major leaders see them. They also "reserve the right" to refuse ANY currency from outside of Iraq, which is where we get the occasional lopster using that as "evidence" that an RV is impossible. The fact of the matter is that Iraq does need the support of the world to be successful, and I'm not worried about them refusing our notes as long as they are in decent condition. Now, if your dinars have been ran over by a skid steer, left outside in a mud puddle, and taped back together a couple times... you might have a problem!
11-20-2014 Newshound Guru Millionday THE GOV OF CBI IS OUT OF THE COUNTRY AND WILL BE BACK THIS WEEKEND -- AS FAR AS WHAT HE WANTS DONE I DONT KNOW --- IT APPEARS THEY HAVE BEEN DOING A LOT AND GETTING MORE DONE THAN EVER BEFORE. THEY HAVE SIGNED AN AGREEMENT TO PAY THE KURDS -- OBVIOUSLY THE BUDGET IS OF GREAT IMPORTANCE -- THE 2015 BUDGET HAS BEEN SENT TO PARLIAMENT ALREADY SO SOUNDS AS IF THEY HAVE FINISHED THE 2014 BUT WE HAVE NO ANNOUNCEMENT -- SHOULD SEE A PRESS ANNOUNCEMENT. WE WILL SEE WHAT COMES OF THE LAWS THEY HAVE ON THEIR PLATE TOMORROW [THURSDAY]...IT SURE IS ENCOURAGING. 11-19-2014 Intel Guru TerryK Article quote: "Work identifies the 20th of this month as the date for the disbursement of the salaries of workers who do not have the smart card" SO THEY ISSUE THURSDAY MEANS THAT THE CURRENCY REALLY SHOULD BE TURNED ON BY THEN RIGHT. I GOT A EMAIL LATE LAST NIGHT FROM SOURCE TELLING ME THEY ARE HEARING THURSDAY MORNING.
11-19-2014 Intel Guru Frank26 ALL YEAR DR SHABIBI has been with the IMF orchestrating the MR [Monetary Reform] of the IQD with the GOVERNORS of the CBI. S [Shabibi] does NOT want to return to the CBI ...But it is highly possible some of his staff will soon.
11-19-2014 Newshound Guru Adam Montana Good stuff happening right now - here's the brief headlines: 1. Last week there was talk about jumping straight to the 2015 budget, and this week they are DOING it. BAM! 2. What's Kurdistan's biggest gripe been over the years? What has stopped them from agreeing? MONEY. Under Maliki, Baghdad screwed the Kurds every chance they got... and what's changed now that Abadi and the new GOI is in place? Things are moving, and Kurdistan just got news they are getting paid. POW!! 3. Y'all know what the HCL holdup is, right? MONEY! The Kurds have refused to agree on anything because they were not getting a fair shake (to say the least)... well, that's changing quickly and we are actually seeing the word "agreement" instead of "talks" or "negotiations". ZING!!!
11-19-2014 Intel Guru DC [via Adept1] Everyone is ready, waiting on Iraq to do their final check-throughs. This is way to force the folks who have been messing with this thing to stop blocking it. Let’s hope they do what they said they would do. The US is ready and waiting on Iraq. Iraqi, EU, NATO, US and UN sources all say they will run this through today and possibly tomorrow, so we will get excited from tomorrow afternoon onwards.
11-19-2014 Intel/Newshound Guru tman23 The fact is that the IQD was converted implies that there is not enough IQD notes in the region...(which has been stated by many displaced who complain on being paid with notes no larger than 1000 and all in very poor condition)...The Kurds had 2.7 billion usd in the Turkey Bank from oil exports...The Kurds have not been paid since March.. Why only 500 million...?? ...the budgeting and figures with a 27% deficit figured in are riding close to a number of $1.13 as seen in the SIG report...IMO...100% absolutely positive the Kurds are not going to be accounting with 3 zeros starting 2015. [post 2 of 2]
11-19-2014 Intel/Newshound Guru tman23 AS STATED BY THE KURDISH GOI MINISTER OF FINANCE...The MoF office CONVERTED 583 billion IQD and transferred 500 million usd to the Kurdish region today...Wednesday...the most important part of the statement and is CONFIRMED to be what was said LIVE...583 billion IQD converted...which is very interesting for a number of reasons. Barzani quote from est 2 months ago...He had said that the Kurds would NOT be dealing in the 3 zeros (and this was including the ESX conversation)...he said they could pay their civil servants in usd and use the IQD for government (indicating Kurd officials and military)...OR they use USD altogether or create their own currency... [post 1 of 2....stay tuned]
11-19-2014 Intel Guru TNT Tony [via Adept1] Thousands of people exchanged yesterday, at different rates, and that means they are getting closer to Dinar Land and then the public release. Some banks are authorized; some banks are not touching it until the RV is public and available for all. They brought in exchange people, bankers and security, scheduling them for later this week and this weekend, so we’ll see what happens. In Iraq they say that they are ready, and they have done everything required to delete the three zeros, and they are ‘waiting for the right time’. Our intel says that all conditions have been met and we’ll see it in the next couple of days. We hope this time it goes through. From everything we can see, everyone is being told to get ready and BE ready.
11-19-2014 Intel Guru Bulldog75 MANY FACTORS ARE DETERMINING OUR DESTINY DATE. IMHO, WE ARE LOOKING AT 3.33 -9.96. THIS COULD OCCUR ANYTIME. IMHO, THE TIMING IS MORE PROBABLE DURING ONE OF THE MAJOR HOLIDAYS FORTHCOMING OF: THANKSGIVING, CHRISTMAS, NEW YEARS, CHINESE NEW YEAR.
11-19-2014 Newshound Guru My Ladies Article quote: "Work identifies the 20th of this month as the date for the disbursement of the salaries of workers who do not have the smart card" [THEY CANNOT DO THIS WITHOUT AN ADJUSTED RATE, CORRECT?] THE DINAR HAS A VALUE IN THE COUNTRY TO THE CITIZENS, IT IS ONLY WHEN THEY LEAVE THE BORDERS OF IRAQ THAT THE DINAR HAS NO VALUE. WHEN WE SPEAK OF THE DINAR REVALUING WE ARE SPEAKING OF THE INTERNATIONAL EXCHANGE RATE. THAT IS COMPLETELY DIFFERENT THAN THE VALUE OF THE DINAR INSIDE IRAQ. THEY WILL NOT BE PAID AN INTERNATIONAL EXCHANGE RATE INSIDE THE COUNTRY. IN THE COUNTRY OF IRAQ A DINAR IS A DINAR IS A DINAR. THE SAME AS HERE IN THE USA, A DOLLAR IS A DOLLAR IS DOLLAR, BUT WHEN WE TAKE IT OUTSIDE THE USA AND EXCHANGE IT FOR ANOTHER CURRENCY IT HAS A VALUE MUCH LESS THAN $1.00.
11-19-2014 Intel Guru Frank26 Article Quote: "...due to the Kurdish delegation will meet with Prime Minister Haider al-Abadi and other officials to reach a final agreement after an agreement in principle to resolve all the problems between the two parties, including the export of oil and the budget." They are actually willing telling You many MR (Monetary Reform) things RIGHT NOW!!! It not like they planned to share today what they do for the CITIZENS ...It's just NOW working out that way. It is of our learned opinion that the reason they now pay inside of the country to their CITIZENS is because they have already set the stage to pay outside with a new exchange rate. The mechanisms to do so have been set up this year.
11-19-2014 Intel Guru Delta Geneva (BIS) has had new rate and is approving (ed) it! I Team did tell us 1st week of last month that HCL was done...just saying.
11-19-2014 Newshound Guru My Ladies IT SEEMS THE DEAL THE GOI AND THE KURDS MADE IS HOLDING UP SO FAR AND HAS MADE INTO OUR MAIN STREAM MEDIA. THIS IS A BIG BIG STEP SO FAR. LOOKS LIKE BAGHDAD IS SERIOUS ABOUT MENDING FENCES WITH THE KURDS. WHILE THIS IS GOOD NEWS...THERE IS STILL MUCH TO DO AND HCL IS STILL IN THE BEGINNING STAGES WITH WHAT WE KNOW AND HAVE SEEN IN THE MEDIA. THE RAMBLINGS OF WHAT HAPPENS BEHIND CLOSED DOORS WILL NOT AFFECT US UNTIL THE WORLD GETS TO SEE IT. WE WILL BE WATCHING THE PROGRESS...IN THE COMING DAYS LEADING UP TO THE 25TH WHICH IS THE NEXT SESSION OF PARLIAMENT.
11-19-2014 Intel Guru TerryK SOURCES ALL TELLING ME MIN BY MIN... MY SOURCES ARE ALL WOUND UP...EXCITED...THEY ARE ALL TELLING ME ANYTIME.
11-19-2014 Newshound Guru Aggiedad77 we are already seeing a number of articles about the agreements made with the Kurds last week on oil and gas issues....PAYMENTS are going forward as we are seeing today...The government is continuing to move in the right direction...this has to be garnering them a considerable amount of trust and faith with the people, not just the Kurds but with all Iraqis. The retired people are being paid as well, I think for September and October...again favorable news. Even with the tragic bombing in Erbil today, the government and Abadi are standing as one and saying...the ones responsible will be held accountable. This was a swift message following the bombing... For almost the whole part of the last week the news from Iraq has been EXCITING...I don't think I've ever posted that before...it is creating excitement by itself.
11-19-2014 Intel Guru EXOGEN [ I just want to know if we are going to finally exchange this week or not? If not, then are the INTEL saying we will exchange before years end?] YES WE LITERALLY HAVE SNOW OVERLOAD AND FREEZING TEMPERATURES NOW...THE CLIMATE IS NOW SET FOR YOU KNOW WHO TO ARRIVE!!!
11-19-2014 Newshound Guru Millionday [After the signing do they get paid on their smart cards...Does it have to go to the gazette first?] THIS IS AN AGREEMENT AND NOT A PARLIAMENT VOTED LAW SO THE TIMELINE WILL BE PART OF THE AGREEMENT AND TIME WILL TELL. THE NEXT DAY OR SO SHOULD BE A MASSIVE CHANGE FOR IRAQ AND THESE LAWS ARE LIKE THE STOCKING STUFFER WE HAVE BEEN WAITING ON. THEY NEED THESE REFORMS FOR THEIR INTERNAL MARKET TO ENTER THE GLOBE -- AND THIS IS THE STEP THAT THEY ALL HAVE BEEN WAITING ON. [post 2 of 2]
11-19-2014 Newshound Guru Millionday Article quote: "Shaima Rashid described the MPs visit the Kurdistan Region delegation to Baghdad, today, as an important step towards the realization of economic, political, security and defeat "Daash." THIS IS NOT A NORMAL MEETING -- THIS IS THE SIGNING OF AGREEMENTS. THESE ARE OFFICIALS IN ECONOMIC THAT WILL BE MET WITH OFFICIALS OF ECONOMIC FOR THE NATION -- THEY WILL BE THERE TOMORROW [WEDNESDAY] SIGNING THE NEW AGREEMENTS AND NOT JUST TALKING ABOUT THEM. [post 1 of 2....stay tuned]
11-19-2014 Newshound Guru tlm724 it is all coming together for us but like I have said it's not just pushing a button...it's a process of actions and reactions. As we watch them take these actions, all of them, like taxes, reform and legislation, these actions create reactions and that is what drives up the value of the dinar! supply and demand, confidence in the country, confidence in the NEW GOI. We see accolades from governments and powerful entities through out the world expressing their pleasure with Iraq and that breeds confidence and that is what drives up the value of the dinar! I am loving where we are headed...no actual date or rate but I do like the 1st quarter of the year. 11-18-2014 Intel Guru Frank26 [via BulldogFord65] The majority of CH7 has been removed but they are not totally free of it, there are some clauses that still apply through the UNSC...Iraq has taken action with the freedoms they have, working to qualify for Art 8; IMO, the last part, part 4, of the HCL is being done... for the first time, the UN said that they see Iraq’s government concrete and with reforms, IMO, this means there is a rate, that CH7 can be released and Iraq can qualify for Art8...Baghdad and Kurdistan are happy and in agreement, the GOI and the CBI are happy and in agreement... the GOI the CBI and the ISX have found a new fire -- let's see what they say.
11-18-2014 Newshound Guru Kaperoni [I was really hoping for an RV for Christmas this year.] good luck with the rv thing...its more of a gradual appreciation...but no body wants to listen to me. [You don't think it'll happen before the end of the year? IYO] no. [Hasn't CBI been setting rate on Dinar for years now?] they are in Article XIV, which for all practical purposes is developmental...the CBI has to learn how to use its monetary tools and they needed to be in compliance with the IMF. [post 3 of 3]
11-18-2014 Newshound Guru Kaperoni that being said, i think many factors come into play. we all know that many things are going on at the same time. so with the new Abadi gov working on a new relationship with the Kurds and parliament preparing laws to be passed things are looking much better than ever before and IMO, the recent downward pressure on oil has now forced Iraq to get in compliance and start doing what they say. [post 2 of 3....stay tuned]
11-18-2014 Newshound Guru Kaperoni some things are starting to line up...might not be a time frame we want to hear, but early 2015 looks like a goal for Iraq. lets start with the IMF and CBI: the CBI has kept the dinar fairly stable for a while now. the market rate was 1209 or less for a month and 1202 or less for the last 2 weeks. the IMF says, a country must maintain stability within 2% fo 90 days which puts us at late January. we have the articles from October that say early or directly into 2015 raise the value and today some television news that a member of the finance committee went on television and said something to the extent that directly in the new year the dinar will begin to rise...so we can see that their appears to be a goal or some direction to that time frame. [post 1 of 3....stay tuned]
11-18-2014 Newshound Guru tlm724 Article: "A delegation from the Kurdistan Regional Government, headed by Barzani to visit Baghdad tomorrow" this is a beautiful article ... Quote: "Barzani will visit Baghdad on Wednesday to reach a final agreement to resolve the problems between the center and Kurdistan." ...did you ever think you would see that? final agreement!
11-18-2014 Newshound Guru Millionday THE WAY THE BUDGET IS PREPARED IS NOT AS IT SHOULD BE FOR THE CHANGES TO A MARKET GLOBAL ECONOMY...AS THEY MOVE TO THEIR REFORMS -- CHANGES WILL OCCUR. ...THEY ARE MEETING EVERYDAY ACCORDING TO REPORTS UNTIL THE BUDGET AND OTHER THINGS WAITING ARE COMPLETE. [Are we waiting for them to pass the 2014 budget before the rv?] CBI HAS STATED THAT THEY WILL NOT WAIT TO APPLY THE MONETARY POLICY OR THE BANKING REFORM OR ALL THAT THEY HAVE TO MOVE FORWARD WITH -- IF THEY DO OR NOT IS YET TO BE SEEN.
11-18-2014 Newshound Guru Breitling …What they are stuck with right now is focusing on stabilizing oil production and raising the value of their currency…infrastructure will come later. So what does that mean for you and me? The value of the currency will go up. They are still talking about how they are reducing the note count. One of these days they will get it down to 1 billion notes and the value will be $3…but they don't need to come out at the $3 rate. They can get to a buck and from that point see what the situation is. Can they grow their economy and add value to the currency? Absolutely they can. Can they get it to a $3 rate with just oil production? yes, they did it already before Saddam started messing around…so those are yes answers and what they are looking at right now. [Post 2 of 2 scroll below to read part 1]
11-18-2014 Newshound Guru tlm724 Article: "Upcoming talks between Baghdad and Kurdistan to export Kirkuk oil" Quotes: "...about the government's intention to complete the oil and gas law and forwarded to the House of Representatives with a view to approval..." "It is scheduled to be the Prime Minister of the Government of the Kurdistan Barzani Baghdad to visit in the coming days to discuss the initial agreement..." they are really get the word out about this agreement as they should! They can be proud...I also want to point out that it is obvious that Kurdistan has control of Kirkuk and this was part of the disputed areas in article 140, it's a very good sign of what is to come!
11-18-2014 Newshound Guru Breitling Back before Saddam started screwing around with the currency the note count was down to a billion notes and that's why it was $3.00…move the situation forward…the Ministry of Planning, the Ministry of Finance and the CBI and their strategy…They had a 2 pronged attack. Get the oil to where it's competitive, get enough oil out of the ground and have the currency at a certain level based on the note count so that they can be competitive. Then they were going to rebuild their infrastructure…they were going to reduce the note count and then they were going to add value to their currency so it gave purchasing power to the people and they were going to build the middle class in Iraq. They still plan on doing that but it's definitely going to be a different situation... [Stay tuned for the rest of the story of why Breitling thinks the rate WILL increase...Part 1 of 2]
11-18-2014 Intel Guru Jester I AM STILL LOOKING FOR SOME ACTION IN THE NEXT COUPLE DAYS ON THAT DOMINO...YOU WON'T SEE IT...BUT I AM LOOKING AT A COUPLE WEEKS OUT STILL OF ANYTHING TO HAPPEN THAT WE COULD ACTUALLY SEE...MAYBE A LITTLE CLOSER...SAY 10 DAYS OR SO...AND IT WILL NOT HAPPEN IN ONE FELL SWOOP LIKE EVERYONE THINKS...THEY ARE NOT GOING TO JUST ANNOUNCE "HEY EVERYONE JUST GO TO THE BANK". THINGS ARE HAPPENING...LOOKING VERY POSITIVE... THE WORD IS IMMINENT.... IT WILL HAPPEN... JUST BE PATIENT... YOU HAVE ALREADY WAITED A LONG TIME... IT WILL HAPPEN.
11-18-2014 Intel/Newshound Guru tman23 Article Quote: "Baghdad-led House has four bills to the Council of Ministers for the purpose of validation is the oil and gas Act and the Federal Court and the parties and amnesty. Member of the parliamentary legal Committee, in a statement obtained by gesture (treasures media) that "four laws still pending decision on them due to differences on some provisions, notably the amnesty law which is a requirement of most political blocs."...NOTE... That the oil and gas and the Federal Law are the 2 at the top of the Kurds list in their Baghadad signed agreement...Federal Law / Oil and Gas...IN THAT ORDER! So tomorrow the Kurds are back in Baghdad to finalize the devil in the details... Parliament is back in session Tuesday 25th...
11-18-2014 Newshound Guru Kaperoni Article: "Corporate restructuring and privatization of investigating economic advancement" 1st is compliance with the IMF and...90 days of holding the rate within 2%. The CBI may want some banking laws reformed first, or the GOI/CoM may want some of the economic laws in place. Both are valid arguments because opening the currency to the world (Article VIII) does nothing for the economy on it's own...it only creates a monetary condition for investment. I will add this, we want parliament to do its work first. Why? because we want investment to flow into Iraq which will have a significant impact on the dinar's value. So we should all be hoping parliament gets back to work and passes the laws as soon as possible.
11-18-2014 Newshound Guru Millionday [is the "Conference of National Reconciliation" something that has to happen before we see anything and are we waiting for anything else?] WE ARE NOT SURE IF THIS IS GOING TO BRING AN ANNOUNCEMENT OF ECONOMIC REFORMS AND ALL THE REST OR IF THEY ARE GOING TO ANNOUNCE THE REFORMS IN THE NEXT TWO MINUTES -- HOWEVER THE CONFERENCE OF NATIONAL RECONCILIATION IS A HUGE CONFERENCE BECAUSE IT IS THE REJOINING OF THE ENTIRE NATION AS IT HAS BEEN FORMED BY ALL THE WORK THEY HAVE DONE SINCE THEY STARTED BUILDING A DEMOCRATIC STATE. [Do we have a date for the "Conference of National Reconciliation"?] NO NOT YET -- JUST THAT IT IS THE MONTH OF NOVEMBER. I KNOW THEY HAVE BEEN WORKING ON THIS FOR THE LAST THREE OR MORE WEEKS -- IT IS A HUGE DEAL TO THEM AND VERY FORMAL.
11-17-2014 Intel Guru TNT Tony [via Adept1] Iraq was geared up for celebrations Friday and Saturday. There was an extension asked for at the G20 this weekend. The US did ask for more time, and they got a very small one. We were gearing up for Saturday and Sunday, and Sunday Iraq was told “it’s up to you, do it when you want to do it”... The UN says that Iraq is out of Chapter VII, and they can make the call whenever they choose. I’m happy about where we are right now. We’re in a good position.
11-17-2014 Newshound Guru Kaperoni Article: "Iraq Economic Brief" If you start to put all the pieces together...the articles that saying early 2015 or the beginning of 2015, and the CBI holding the Market rate within 2% for a few weeks (and holding it for 90 days puts them in late January), articles about passing a bunch of laws within a few days, the ISX and Xstream, and now today's mention of raising the value on television early in 2015 it really sounds like the intent is to open the banking system (move to Article VIII) and a new Exchange Regime sometime at the beginning of 2015 which we all know is key to support a market economy. Only 6 weeks to 2015!
11-17-2014 Intel Guru EXOGEN Article: "CHINA OPENS 4.2 TRILLION STOCK MARKET TO THE WORLD TODAY VIA HONG KONG" WE TOLD YOU...TO WATCH WHAT THE DRAGON DOES NEXT...THEY JUST DID IT! Article: "Breaking News: Oil Minister: Oil revenues to be distributed among all Iraqi’s" GOI + HCL + OIL AND GAS = RV. “Santa Clause is Coming to Town”.
11-17-2014 Intel Guru DC The US led the push to delay this further...Everyone else said, “No way” but... We did hear that a very small extension given, and we don’t know when it started… Abadi has not spoken yet, but we hope he will be on the 11pm news saying “Here’s what has happened”. In the good old US of A, a lot of the UN folks are at the G20, and there is consternation about what is going on, that it’s baloney and it has to be cleaned up. There was a lot of outrage, and as a result, Iraq has the ball again. The banks are cued up and ready and to go, ready to exchange, cranked up even more in the last day or two, in anticipation of the public RV. Iraq is ready and fully prepared, waiting for the CBI and Abadi...We are very close. [post 2 of 2]
11-17-2014 Intel Guru DC [via Adept1] On the legislative side, they have passed more laws, cleaned up bills and a bit more on the budget plus other normal business activities and ISIL actions. A lot of that has been dealt with. IN the mosques this morning they announced in the four major cities of Iraq that “this is really happening now, PM Abadi is going to tell everyone this is what we are going to do and what we are expecting”...they have prepared everyone to be close to a television or radio today. They truly believe this is it, and ONE rate will apply to the entire country. The CBI has explained the process...and the PM will explain what that means for Iraq. [post 1 of 2....stay tuned]
11-17-2014 Newshound Guru Aggiedad77 [reference Frank26 post below, 11-17-2014] BREAKING NEWS INDEED...this...is smelling more and more like the HCL ought to smell. Can you say the missing component...after all these years. Now the question is how much are the citizens going to paid and how soon does this happen. Where does this new revelation leave the overall HCL process. There are STARS in the news out of Iraq today it would seem...The people of Iraq are going to be paid from oil revenues...The budget for 2015 could be approved quickly...The Kurds appear to be happy...The Iraqi Government is working together as a unified body...Keep watch for other interesting news as this day continues to progress.
11-17-2014 Intel Guru Frank26 Article: "Breaking News Oil Minister: Oil revenues to be distributed among all Iraqis" Quote: "The Minister of Oil, Adil Abdul Mahdi, said that Iraq's oil revenues will be distributed among all Iraqis without discrimination according to the constitution." HAVE BEEN...WAITING AND WAITING AND WAITING...FOR THEM TO CONFESS THIS! BINGO... SMASH THE MIKE TO THE STAGE...WE DONE!
11-17-2014 Newshound Guru tlm724 Article: "Basra oil gallery a chance to connect with specialized companies" Quote: "that oil companies need to oil and gas investments in Iraq, as the country needs to exploit its natural resources to the maximum" all the more reason parliament is hosting the oil minister today, get the HCL ready because they are going to need it!
11-17-2014 Newshound/Intel Guru BGG Anbar just declared bankrupcy - they don't have money (several other provinces have too)...[so what does that mean...for us?] if one believes they need an "emergency RV" it means good things for us...
11-17-2014 Newshound Gurus Shredd & tlm724 Breaking News Oil Minister: Oil revenues to be distributed among all Iraqis. Quote: "The Minister of Oil, Adil Abdul Mahdi, said that Iraq's oil revenues will be distributed among all Iraqis without discrimination according to the constitution." The stimulus this will create will be huge and a definite indicator that Iraq is truly emerging from their economically stale past.
11-17-2014 Newshound Guru wmawhite I just can't get over this outstanding information that MD [Guru Millionday] posted the other day...THEY DID SAY AT THE KURDISTAN MEETING BETWEEN THE 4TH AND THE 6TH THAT CBI HAS THE RESERVES TO SUPPORT THE JOINING OF THE INTERNATIONAL CURRENCY MARKET AND TO REVALUE THE DINAR TO THE USD AND RAISE THE PURCHASING POWER FOR THE CITIZEN AS THEY MOVE TO A MARKET ECONOMY (SUMMARIZED). They are telling us point blank in our faces they are.....THE JOINING OF THE INTERNATIONAL CURRENCY MARKET...it was in news reports of the meeting in Erbil. The CBI will do this when EVERYTHING is in place...
11-17-2014 Newshound Guru Millionday NO ONE KNOWS WHEN THE COUNTRY WILL ENTER THE INTERNATIONAL ARENA BUT ARE THEY CLOSE TO A MARKET ECONOMY? -- CLOSER THAN WE HAVE EVER SEEN -- A PLAN THIS LARGE WAS NOT DONE WITHOUT A DATE -- IMO -- I JUST CANT IMAGINE THE GREATEST ECONOMIC MINDS IN THE WORLD MAKING A PLAN AS THIS AND NOT HAVING A DATE -- THE THING IS -- WE ARE LOOKING FOR CLUES AND FOLLOWING EACH MOVE THEY MAKE, SO AM I HAPPY AS TO WHAT THEY HAVE DONE? YES -- AND IT IS ALL VERY ENCOURAGING RIGHT NOW -- WE SHALL WATCH THE ACTION AND WATCH THE CLUES AND OF COURSE WATCH THE NUMBERS. [post 3 of 3]
11-17-2014 Newshound Guru Millionday THE DIRECTION THEY ARE GOING IS FORWARD AND AS WE KNOW THE REFORMS BEING ACTIVATED INCLUDE THE MANY LAWS THAT GO WITH IT -- AS FAR AS WHAT WAS THE PROBLEM -- I SEE NO PROBLEM AND NOW WITH THE OIL LAWS IN PLACE AND THE AGREEMENTS WITH THE KURDS IT APPEARS THAT THEY ARE MORE UNIFIED THEN EVER BEFORE -- I SEE NOTHING THAT IS WHAT SOME MAY CALL A HOLD UP FOR IRAQ BUT NOT KNOWING WHEN IS NOT VERY MUCH FUN BUT IT IS THE REALITY OF THE INVESTMENT. [post 2 of 3....stay tuned]
11-17-2014 Newshound Guru Millionday [i know you cant get a date nailed down, however, if the laws get passed, in the next few days, then is it completely up to cbi, or are there some variables?] CBI HAS THE INDEPENDENT POWER TO SET THE VALUE OF THE DINAR AND ACTUALLY IT IS THEIR JOB -- THEY...HAVE STATED THEY ARE READY BUT ARE WAITING FOR THE RIGHT TIME -- DO THEY HAVE TO WAIT FOR APPROVAL? NO -- BUT WILL THEY WAIT FOR THE GREATEST MOMENT? I WOULD SAY THEY WOULD WANT TO BE AS SUCCESSFUL AS POSSIBLE ALONG WITH ALL IRAQIS -- SO WE WAIT AND SEE WHAT COMES FROM THE MANY LAWS WE HAVE SEEN THEY PLAN TO OUT IN PLACE IN THE NEXT COUPLE OF DAYS -- THE FIRST BEING ECONOMIC. [post 1 of 3....stay tuned]
11-15-2014 *** Dinar Guru newsflash *** UPDATE *** Guru reports have flooded in over the last couple of days about the HCL agreement. Reports are the HCL is done, partially done or the start of being done. It's still NOT clear if an official agreement has been reached or a first step agreement has been executed. It does appear 500 Million dollars has exchanged hands in a gesture of good faith (and to get the ball rolling) between Kurds and Baghdad...Most gurus believe these are HUGE monumental developments. Meetings are ongoing so stay tuned as the gurus report in on what they know..I've been in this a long time and have NEVER seen so much activity, news reports and progress in such a sort amount of time...amazing. (latest updates are below)
click here to join over 85,000 of your peers for critical pre and post RV information. 11-16-2014 Intel Guru TerryK CONTACTS TOLD ME THAT WE SHOULD SEE THIS YESTERDAY AND HERE WE SIT. IRAQ IS PRESSING HARD TO MAKE THIS HAPPEN...NO INFO ON WHAT THE HOLD UP IS BUT THEY ARE DOING THINGS THAT THEY CANT TURN BACK ON AGAIN HEARING TUESDAY NIGHT WED MORNING AGAIN.
11-16-2014 Newshound Guru tlm724 Article: "Parliamentary Finance is preparing to legislate a special law b} {banks of independence" Quote: "The committee recommended in its selection of a consulting firm or person or expert group members to discuss the legislation of a special law to banks and taking the experiences of important countries, especially Switzerland respected the fact that its banking system." you know who is in Switzerland? the Bank of International Settlements...and that bank is the BANK that posts and monitors the worlds exchange rates. We are seeing so many things come into light! I am very optimistic and in the years I have been researching...I have NEVER seen such progress! The New GOI, from the top to the bottom, are doing the things we need to increase the value of the dinar and to move their country into it's rightful place in the world! just amazing!
11-16-2014 Intel Guru EXOGEN “It’s The final Countdown”
11-16-2014 Newshound Guru Aggiedad77 I have to agree 1000% [reference My Ladies post 11-16-14]...there was indeed 8 years of pure corruption...which has now been followed by several months of a new government focused upon consistency and integrity...One where they are taking on corruption by the horns and are doing a worthy job of wrestling it into submission...and at the same time...putting together a number of committees and subcommittees who have accomplished so much in just a short period of time. Sometimes we grow weary of this wait...and we fail to see the progress that is right before our noses. It is our job to pay attention, keep an eye on this progress, and be prepared for the day when it call comes to a head and we can celebrate.
11-16-2014 Newshound Guru My Ladies SO WHERE DOES ALL THIS LEAVE US...US BEING THE DINAR HOLDER? WELL IT LEAVES US STILL WAITING OBVIOUSLY BUT NOW FOR THE FIRST TIME IN 8 YEARS WE CAN SEE THAT IRAQ IS ALMOST WHERE IT NEEDS TO BE. THEY ARE FINALLY ELIGIBLE TO HAVE THEIR CURRENCY AND A REALITY RATE BACK. AGAIN IT IS NOT OPINION BUT FACT THAT THERE ARE STILL BANKING LAWS THAT MUST BE PASSED, AND THERE ARE STILL ECONOMIC REFORMS THAT NEED TO BE IN PLACE BUT MANY OF THESE LAWS NEED A REALITY RATE AND NOT A PROGRAM RATE TO BE ABLE TO WORK. NOW THIS IS OUR OPINION, WE SHOULD NOT BE WAITING TOO MUCH LONGER. WE ARE NEARING THE END OF THE PROCESS NOW. [post 3 of 3]
11-16-2014 Newshound Guru My Ladies NOW HERE WE ARE AGAIN, BUT WHAT IS DIFFERENT NOW? WHAT IS DIFFERENT WITH THIS GOVERNMENT? WELL LET’S SEE….ONLY EVERYTHING! THIS IS NOT OUR OPINION THIS A FACT! THERE IS A UNIFIED GOVERNMENTAL BODY. THERE IS SOMETHING NEW TOO ALL THESE COMMITTEES AND SAFE GUARDS PUT IN PLACE WITHIN THE PARLIAMENT, AND THEN WITHIN THE COMMITTEES THERE ARE STEERING COMMITTEES, WOW! THAT’S AN AWFUL LOT OF CHANGES RIGHT? IN THE LAST WEEK ALONE THERE HAVE BEEN MAJOR CHANGES TO THE MILITARY AND HUGE STEPS TAKEN TO UNCOVER PAST CORRUPTION...ABADI AND COMPANY HAS BEEN VERY BUSY...THEY HAVE DONE ALL THIS IN ONLY 8 WEEKS. ALL THIS WAS IN AN EFFORT TO PREVENT FUTURE CORRUPTION. [post 2 of 3....stay tuned]
11-16-2014 Newshound Guru My Ladies THERE IS NO HOLD UP! I DO NOT THINK ANYONE ENTITY IS HOLDING THIS UP! I DO NOT THINK ANY POLITICAL GROUP OR ANY EVIL FORCES ARE HOLDING ANYTHING UP. NOW THAT IS JUST MY OPINION BUT LET’S HAVE A LOOK AT WHY I AM FORMING THAT OPINION. IN THE PAST 8 YEARS IRAQ WAS A COUNTRY THAT WAS BEING RUN BY THUGS AND DRIPPING IN CORRUPTION. BUT WE DIDN’T REALLY NOTICE HOW BAD THINGS WERE BECAUSE WE COULD NOT SEE THE FOREST FOR THE TREES. SO WE SAT WEEK AFTER WEEK AND MONTH AFTER MONTH FOR YEAR AFTER YEAR AND WAITED ON THE ELUSIVE “RV” TO HAPPEN. ALWAYS FINDING SOME NEW GOAL LINE OR EXCUSE WHY IT DID NOT HAPPEN. [post 1 of 3....stay tuned]
11-16-2014 Intel/Newshound Guru Poppy3 CBI DID STATE THEY HAVE FUNDS TO SUPPORT THE RATE CHANGE OF THE DINAR AND ARE PREPARED TO DO SO. NO ONES KNOWS AT THIS TIME WHEN OR AT WHAT RATE BUT WE ALL KNOW THEY ARE PREPared and can afford TO PAY EVERYONE. TIME WILL TELL THE FACTS VERY QUICK NOW.
11-16-2014 Newshound Guru Stryker Quote: "the issue of cancellation of the zeros from the Iraqi currency is linked to the security situation in the country." A good chance that even more stability in the fight against these terrorist is coming with the visit to Baghdad of Chairman of the Joint Chief of Staff Gen. Martin Dempsey. See the more stability there is in the security situation the faster the activation of currency reform will take place according to the governor of the CBI on October 22, 2014. [post 3 of 3]
11-16-2014 Newshound Guru Stryker He also said that the government will give a quick and urgent formula to balance the 2014 budget which is near completion. It will also be comprehensive and wide into the 2015 budget to supplement the path for the it's success. Finance Minister Zabari himself said that he is speeding up the 2014 and 2015 budget for Council of Ministers approval in hopes that they will be in front of Parliament before the end of this month. If this can be accomplished then it will initiate economic Reform and the way we go my friends. Quote: "challenges constitute a good chance that the Iraqi government initiated economic reforms." [post 2 of 3....stay tuned]
11-16-2014 Newshound Guru Stryker Here are the top news stories this weekend concerning the project to deleted the zeros and the revaluation of the Iraqi dinar: Quote: "dozens of laws under the first and second readings." Parliaments legal committee announced today that 100 stalled laws are back in the Council of Ministers for discussion and then will be moved to Parliament for approval. Along the same lines, PM Al-Abadi's office director stated yesterday that the adoption of the Establishment of Industrial Law is soon to activate the Industrial Sector again and it will add much to the local market. [post 1 of 3....stay tuned]
11-16-2014 Newshound Guru Aggiedad77 Article: "Oil: the agreement between Baghdad and Erbil is not the beginning of a final comprehensive solutions" Of course the agreements reached this week between Baghdad and the Kurds is not the end anything...but it undoubtedly opens the doors towards the fostering of greater efforts between the two that will lead to just and constitutional outcomes for both parties...this is merely a first step for both that begins the process of rebuilding faith and trust in one another...it should lead to the HCL approval yes...but that remains to be seen...hopefully soon.
11-16-2014 Intel Guru TD Some comments to share from my chats from my Kurdish friend (please treat all as rumor and please do your own sound diligence). My guy indicates that although the HCL is not technically done , it most likely will by years end . Too much pressure being put on the GOI for them to put this off. Now having said that, can we equate implementation soon after of a RV/RI/ RD. The short answer is NO, many additional laws need passed, handling of the budget crisis , true proof of the start of a market driven economy and progress of the country's security situation are all barriers to overcome. These will all take many, many months as outlined in their timeline announcements of a 4 year plan.
11-16-2014 Newshound Guru Millionday CBI MADE AN ANNOUNCEMENT THAT THEY ARE PREPARED TO RAISE THE VALUE OF DINAR AND ALSO RELEASE THE MONETARY POLICY THEY HAVE PREPARED ALONG WITH RELEASING THE INTERNATIONAL RATES TO THE US DOLLAR. THEY STATED THEY ARE WAITING FOR THE RIGHT TIME IN THE REPORT. [will they be changing in country and then international or all at once?] THE CHANGE IN VALUE OF THE DINAR TO ENTER THE MARKET ECONOMY WOULD HAVE TO BE DONE ALL AT THE SAMETIME FOR THE REFORMS TO BE SUCCESSFUL. [post 3 of 3]
11-16-2014 Newshound Guru Millionday THEY HAVE REPORTED THEY WILL NOT BE OFF WORK UNTIL THE BUDGET IS PASSED AND THEY HAVE ALSO HELD ALL HOLIDAY FOR THE PASSAGE OF LAWS THAT HAVE BEEN SITTING ON THE SHELF AS SOME OF THESE HAVE WITH GOOD REASON BUT -- WE LIKE THAT 200 OR SO WILL BE DONE AT THE SAME TIME IN THE NEXT FEW DAYS -- PROGRESS FOR SURE AND A HUGE CLUE THAT THEY ARE IN A DIFFERENT POSITION...SOUNDS LIKE THEY FEEL IT IS TIME TO PASS WHAT HAS BEEN ON THE SHELF. [post 2 of 3....stay tuned]
11-16-2014 Newshound Guru Millionday WE OBVIOUSLY HAVE MANY LAWS WE ARE WAITING ON AND I HAVE GUESSED ALL ALONG THAT THE ONLY WAY THEY CAN BE CONSTITUTIONALLY SOUND AND LEGALLY COMPLIANT IS TO DO A MASSIVE PRINT OF LAWS AND ALL AT THE SAME TIME --THE UNIFIED GOVERNMENT ACTUALLY GETS ALONG VERY WELL AND THIS INCLUDES THE KURDS PER ANNOUNCEMENT THEY MADE SO AS THIS SAYS THE NEXT FEW DAYS WILL BE SHOWING THE PASSAGE OF MANY LAWS. THEY HAVE BROKEN THEM DOWN TO PRIORITIES AND THE FIRST IS --- FINANCIAL -- WHOOOPOW! FINANCIAL-- POLITICAL--THEN ALL OTHERS. [post 1 of 3....stay tuned] 11-15-2014 Intel Guru Mnt Goat Unfortunately I do not see Iraq as being fully ready. This is my opinion... I do know that Erbil Agreement is not yet fully implemented. But then again Iraq is in a state of financial crisis. I am hearing Iraq needs money desperately and they need it now. I assure you the rate will be equal to or greater than the pre-war value. The exchange will be easy and you will be happy. I believe we are in a rare opportunity and window like never before. In the coming days we should expect the RV. [post 2 of 2]
11-15-2014 Intel Guru Mnt Goat The major emphasis this week appears to be the continued effort for “full” Erbil Agreement implementation. This was the agreement signed in 2010 to help unify Iraq and list the necessary reforms and laws so they could join the rest of the world as a civilized society and a financial powerhouse. Abadi is pushing forward in a rapid pace to implement all these reforms and laws. Let’s look at just some of this week’s progress: The oil and gas law has its first reading and the second reading is expected for this weekend...Finally they agree. This means they now have the basis for a budget. The two are so closely interconnected. the banks now have the coins as the auctions prevailed. The lower denoms have been ready for distribution for months now. now fully capable of trading on NAZDAQ international exchange. announcement this week Iraq intends to “fully” implement the Tariff law beginning in 2015. [post 1 of 2....stay tuned]
11-15-2014 Newshound Guru tlm724 Article quote: "a long series of legislative actions make waiting Legislative maturity costly and enters Iraq in more years of lost development..." Their lack of legislative reform has stopped all progress and that includes an increase in the value of the dinar! ...exactly the point [Guru] BondLady has made all these years! Now Iraq can go forward with laws, foreign investors and investment, trade and exports, taxes... all the things we needed to see all these years!
11-15-2014 Newshound Guru Aggiedad77 It is early Saturday and already we are seeing more news about oil, cooperation, 2015 budget, more US intervention in Iraq...and the list will probably continue to grow today. All in all...it is news that is headed in the right direction...the cooperative efforts that we are seeing is a continuation of the promises that Abadi made when he was made PM...following after such a horrendous 8 year reign by his predecessor it will take time to put the cart back on its wheels and get it rolling again in the right direction.
11-15-2014 Newshound Guru tlm724 Article: "Resolve the dialectic of the export of oil between Baghdad and Erbil" they have settled ! an agreement has been made and the world rejoice! the HCL is coming! They are on a fast track to success.
11-15-2014 Intel/Newshound Guru Backdoc WE HAVE SEEN IRAQ GO FROM DULY ELECTED, TO FULLY FORMED, AND NOW IT'S UP TO THEM TO SHOW OZ THEY ARE FULLY FUNCTIONAL TO COMPLETE THE REMAINING STEPS AS WE ALL AWAIT! (Oz = IMF, WORLD BANK, U.S.TREASURY, AND CBI) GIVE ME A "H", GIVE ME A "C" GIVE ME A "L". IT'S ALL FOR ONE AND ONE FOR ALL!! THESE ARE MY OWN THOUGHTS AND OPINIONS.
11-15-2014 Intel Guru MarkZ [Can you discuss rates?] No on rates. [Is this a great weekend?] answering that could get me in warm water. [do you think we are exchanging this weekend?] No. [are we at the any moment time line as some have claimed?] Yes, we are in any moment land again. The difference is that a HUGE number of controls have been put in place since the last time we were this close and got derailed. [so chances of being derailed again? Percentage-wise in your view?] 2% TOPS [Contract rates real too?] yes. I honestly haven't been this positive and excited about where we are in sometime. I feel good about it. [post 2 of 2]
11-15-2014 Intel Guru MarkZ Things have really been heating up. I do expect much to be thankful for before Thanksgiving. No I will not in ANYWAY narrow it down more than that. I have to play softball with you all because I have signed a NC/ND and I will not endanger myself. I love you all but I like myself and my financial world intact! [does that mean you have exchanged?] no. [If you could answer, will there be future currencies going? I mean sometime down the line after RV?] I believe so yes. Not all currencies are ready. There is a huge push to have them all done by 2018 though... [post 1 of 2....stay tuned]
11-15-2014 Intel/Newshound Guru Poppy3 HCL, AND I AM HEARING ARTICLE 140 BOTH PASSED BUT AS OF TODAY [FRIDAY] NOT PUBLISHED BUT ARE SUPPOSED TO BE PUBLISHED TOMORROW IS WHAT HAS BEEN SAID. I SURE HOPE SO.
11-15-2014 Newshound Guru Millionday THEY ARE IN AGREEMENTS WITH COUNTRIES SIGNING AGREEMENTS FOR INTERNATIONAL TRADE --- THESE ARE BEING DONE DUE TO PREPARATION AND THEIR RELEASE FROM CHAPTER 7 AND FOR THE TRANSITION TO A MARKET ECONOMY. EACH DAY THEY ARE HAVING HUGE MEETINGS AND WORKSHOPS -- NOT LEAVING PARLIAMENT UNTIL BUDGET DONE PER ORDER AND MANY LAWS ON THE TABLE -- THEY ARE USING THE OLD HCL AFTER ALL THIS TIME SO LOOKS LIKE THEY ARE IN A HURRY. [post 2 of 2]
11-15-2014 Newshound Guru Millionday [So HCL DONE OR JUST A FIX FOR THE RV TO MOVE FORWARD?] THE HCL AND THE HCL FUNDING AND THE DISCOVERY LAW HAS BEEN COMPLETE. [with the article 140, hcl, and erbil completed ...what now will hold up the RV?] CBI HAS STATED THEY ARE READY AND THEY ARE HAVING WORKSHOPS TO ACTIVATE THE REFORMS SO I DONT SEE ANYTHING THAT IS HOLDING IT UP -- THEY STATE THEY ARE WORKING ON THE REFORMS NOW...MEETING WITH THE KURDS TO RESOLVE ALL OF THOSE ISSUES AND IN TRANSITION TO A MARKET ECONOMY -- A MARKET ECONOMY WILL REQUIRE FAIR TRADE AND A REALITY RATE THAT IS INTERNATIONALLY RECOGNIZED. [post 1 of 2....stay tuned]
11-15-2014 Intel Guru TerryK WHAT'S THIS ABOUT THE UN MAKING AN ANNOUNCEMENT CONGRATULATING IRAQ OF MEETING ALL CHAPT 7 REQUIREMENTS. SO THAT WOULD MEAN THEY ARE NOW ABLE TO HAVE A INTERNATIONAL TRADEABLE CURRENCY... I JUST GOT THAT CALL. [one of requirements is to bring their currency back to at least 1 to 1 correct?] SO THAT WOULD MEAN THAT THEY ARE NOW AN INTERNATIONAL TRADEABLE CURRENCY.
11-15-2014 Newshound Guru wmawhite this...says it all...and they are the ones saying this: THAT CBI HAS THE RESERVES TO SUPPORT THE JOINING OF THE INTERNATIONAL CURRENCY MARKET AND TO REVALUE THE DINAR TO THE USD AND RAISE THE PURCHASING POWER FOR THE CITIZEN AS THEY MOVE TO A MARKET ECONOMY.
11-14-2014 Newshound Guru Millionday SO, AS WE CAN SEE THE MANY THINGS DONE INCLUDING THE COINS BEING READY AND THE SMALL DENOMS FOR THE TRANSITION TO A MARKET ECONOMY WITH THE X-STREAM BEING PREPARED ARE ALSO VERY IMPORTANT SO MANY THINGS DONE AND MANY OTHERS I HAVE NOT EVEN LISTED THERE -- AS THEY PREPARE FOR THE UPCOMING CONFERENCE THEY HAVE BEEN PREPARING FOR ALONG WITH THE UNIFIED GOVERNMENTAL PARTIES WORKING TOGETHER-- ALL GREAT NEWS... [post 2 of 2]
11-14-2014 Newshound Guru Millionday LATELY WE HAVE BEEN SEEING A LOT OF REPORTS SPELLING OUT...WHAT THEY ARE TRYING TO GET DONE FOR THE ECONOMIC REFORM AND THE TRANSITION TO A MARKET ECONOMY -- WE HAVE READ ABOUT THE BUDGET (DONE), THE HCL (DONE) , THE FUNDING OF THE HCL (LAW IN PLACE FOR FUNDING), THE OIL CONTROL AND DISCOVERY (LAW IN PLACE FOR JUST THAT ), THE GOVERNMENT (IN PLACE), THE FEDERAL COUNCIL (ON AGENDA THE 15TH), THE PARTIES LAW (0N THE AGENDA FOR THE 15TH, THE LOANS (ALL AGREED ON) THE FUNDS FROM DFI (DISTRIBUTED TO GOV BANKS FOR PROGRAMS), AND THE GOVERNMENT PROGRAMS AND PLANNING ETC (READY AND IN LAW) AND WE HAVE MORE IN INVESTMENT LAWS ETC. [post 1 of 2....stay tuned]
11-14-2014 Intel/Newshound Guru Poppy3 ...THE AGREEMENT ON THE HCL HAD BEEN REACHED BUT UNTIL LAST NIGHT THAT WASN'T CONFIRMED BUT TODAY YES IT IS CONFIRMED.
11-14-2014 Intel Guru TNT Tony [via Adept1] HCL was announced in the paper and ABadi even sent congratulations. In Iraq, they are being told that on Saturday, all Qi cards will be loaded with the same rate. They‘ve been told that before, but it might actually happen because everyone is in agreement. Oh...one thing – coins are now being issued to the citizens, not the banks. Everyone over there is excited and ready. Celebrations are scheduled for Saturday as well. Last Monday, banks were advised that they would be exchanging over this weekend. Security hasn’t been in for weeks or months, and full security has been scheduled for this weekend. It’s looking like a great weekend.
11-14-2014 Newshound Guru Kaperoni Articles: "Oil Minister calls for respect for the oil agreement between Baghdad and the region" "Iraqi government, Kurds reach interim deal on oil exports" ...this is not the HCL but a Band-Aid to get both sides back in parliament to continue to work together. Those who speak leisurely saying "it's done!" etc. are simply not aware of the process..which takes time and will continue to take time. It could be weeks if not a month or more before the HCL is passed.
11-14-2014 Intel Guru DC [via Adept1] There is a bunch of stuff being passed by the Iraqi Parliament; they are leaning in every day more and more to solve the issue. HCL was confirmed with a few tweaks and everyone is relieved that will not be contentious. They told people in the mosques to get ready for change any moment. The banks are moving money around and doing dress rehearsals for the weekend. Banks across the world and specifically in the US who have said they won’t do it until it goes public have pulled their people in, anticipating the general release to the public. We are at the one yard line, ready to score. I am personally optimistic, but we have been on this brink before, so I’m cautious, too.
11-14-2014 Newshound Guru Aggiedad77 ...we should all be standing cautiously optimistic at this point. The government is showing progress that we haven't seen in at least 8 years I think...it looks like PM Abadi is attempting to hold good on his promises...that is encouraging I think. There are still..."bits and pieces" to be put together, but I am liking how consistent the message is coming from both the Kurds and Baghdad...it is like Maliki left the country with a shattered front window and they are slowly putting the pieces back together...I am encouraged by the lack of argument and strife between parties in the last few weeks...to me this is sending a quiet signal to the people that cooperation is at an all time high. Steadfastly we watch...
11-14-2014 Newshound Guru Breitling Is it costing the value of the dinar to stay at a certain rate and not grow? NO. It is NOT at it's market rate. What would the market rate be? The market rate would be at a true note count based on how much oil they sell (which is 90% of their economy) …but what do we have…the oil is coming out and more is coming out…but they have too much notes out there. So it's NOT at it's market rate. The reality is it was never at it's market rate. This is in 3 stages. 1. they need to build their infrastructure cheap…this is why we got in cause we speculated that this is not going to stay at this rate forever. the next stage (2) is for them to form the middle class…to do that you have to give them purchasing power.[raise the rate] the next stage (3) is for them to have an elite economy. People might laugh cause of what's happening but one of these days it's going to happen. When? Don't know. This is not opinion…we are at the mercy of the CBI and they keep saying they are going to raise the rate.
11-14-2014 Newshound Guru My Ladies WOW...YESTERDAY WAS SUCH AN EXCITING DAY IN KURDISTAN...I THINK WE ARE SEEING GREAT PROGRESS BUT...WE ARE ONLY HALF WAY THERE WITH WHAT THEY ARE SHOWING US AND AGREEMENTS HAVE BEEN REACHED IN THE PAST AND THEN LATER BROKEN SO LET’S REMAIN CAUTIOUSLY OPTIMISTIC BUT GROUNDED. YESTERDAY WAS THE FIRST STEPS THEY HAVE SHOWN US SO FAR. THE NEXT FEW DAYS WILL BE VERY TELLING. BARZANI IS EXPECTED IN BAGHDAD AND THEY WILL IRON OUT THE OTHER OUTSTANDING ISSUES HOPEFULLY. THEY ARE DOING MANY THINGS BUT ONLY SHOWING THEM TO US IN BITS AND PIECES. THE COMING DAYS WILL BE INTERESTING FOR SURE. IN OUR OPINION THERE IS NOT MUCH LEFT TO BE DONE BUT STILL REMAIN IN YOUR SEATS UNTIL THIS RIDE COMES TO A COMPLETE STOP.
11-14-2014 Newshound Guru Stryker HCL - Now that the Oil Deal and the Budget is worked out between the Kurds and the Federal Government, the Federal Government is now completing the HCL and will be moving it to Parliament for the three readings and vote.
11-14-2014 Intel Guru TerryK TO ISSUE THE HCL AND LOAD CARDS THEY HAVE TO HAVE AN INTERNATIONAL CURRENCY OR THEY WILL BE PUTTING MILLIONS OF DINARS ON THE CARDS AND THEN WHEN THEY RV OR RI YOU WOULD HAVE BILLIONAIRES...SO WHAT I WOULD SAY TO YOU IS GET READY.
11-14-2014 Newshound/Intel Guru Arthur ...now that Zebari has just formally announced that the central government has agreed to resume the payment of salaries of employees of the Kurdistan Region, intel has it that within days, possibly this weekend Kurdistan leader Barzani will visit Baghdad to formally sign this agreement to ship an agreed upon amount of oil per day at which time $500 million will change hands paving the way for a full blown market economy which will by necessity include a reality rate for the Iraqi Dinar after which IMO we can legitimately say we are in an "Any Day Now" window. So wake up and be alert my friends. I believe this might just be the real wolf this time. [post 2 of 2]
11-14-2014 Newshound/Intel Guru Arthur This has been a very long, arduous, and frustrating journey for all of us. Some of us for more years than we wanna count. We have had more false alarms than we care to remember. Its like the boy that cried wolf has cried it so many times that now that we are potentially looking dead at the wolf running toward us with our own eyes we are just standing there not even running thinking it is just a mirage. What finally unleashed that wolf is today's agreement on the HCL and on all budget disputes by Baghdad and Kurdistan and by extension with all the other provinces which in essence will solidify Iraq in to one inclusive democratic government which today received the blessing of Ban Ki Moon of the UN who announced that they have finally "concluded agreements that are in the interest of the Iraqi people." [post 1 of 2....stay tuned]
11-14-2014 Newshound Guru Millionday ...WITH THE HCL ALSO WAS PASSED THE HCL FUNDING LAW --- HUGE PART OF THE HCL SO THE FUNDING WILL BE DONE AS WELL...IT WAS A HUGE BLESSING TO SEE THE ECONOMIC REFORM LAW PASSED...I THINK MANY LAWS WILL BE PASSED OF GREAT IMPORTANCE ON SATURDAY...
11-14-2014 Newshound Guru Kaperoni Article: "Baghdad and Erbil agree to convert $ 500 million of the province and the latter puts 150 000 barrels at the disposal of the Federal Government" This was the agreement today to at least throw a bone to each other until a permanent agreement can be put in writing and signed in Baghdad...this will go a long way towards mending the relationship and will help as far as getting critical laws passed in the near future once they are put on the agenda in parliament. Do not over read this...its a step in the right direction, but it is not a complete fix nor is a passing of the HCL law...
11-14-2014 Intel/Newshound Guru tman23 Jordan is the only country outside Iraq that is issuing Qi cards as of starting today [Thursday]...And the cards are being loaded with salaries...There are 2 different instances reported where people checked their balances in Jordan ...one showed a balance of 123.5 and another 145...But it is being reported that the Qi card issuing center is active in Jordan...and chatter and rumor among the displaced people in Jordan is that Sunday they will be able to use it outside of Iraq...By the end of the year the smart card will be activated for international use.
11-13-2014 Intel Gurus TNT Tony & DC [via Already Blessed] WE RECEIVED THIS TEXT TODAY - This was a tweet from Talabani congratulating them on the HCL agreement! @qubadjt: Today's important agreement between the KRG & Baghdad is a first step towards a lasting agreement on revenue sharing & oil exports ...ANOTHER TEXT SENT TO US TODAY SAID...Just on CNBC - Baghdad reaches HCL deal with Kurdistan.
11-13-2014 Newshound Guru Aggiedad77 [FOX IS...RUNNING...ARTICLE CONTENTS ON THE TV! THEY ARE SCREAMING 14O ISSUES AND HCL, DONE---- DONE--- DONE...] I would be inclined to agree with you...but think we may still have maybe "TWO DAYS" until the bird is "done"...I'm really excited though from the amount of news has been all over this today...and what to me is the most encouraging...we are seeing for the first time..."BOTH" sides are basically saying and agreeing to the same thing...
11-13-2014 Intel Guru Frank26 [with all the great news that has come out today can we get your take on it?] We are past the HCL now.
11-13-2014 Newshound Guru My Ladies IN OUR OPINION WITH ALL THAT HAS TAKEN PLACE WE WOULD HAVE TO SAY THAT NOW IRAQ IS FINALLY IN THE POSITION TO RE INSTATE THEIR CURRENCY. THE UNITED NATIONS HAS GIVEN THEIR APPROVAL SO LET’S LOOK IN THE COMING DAYS FOR THEM TO LIFT THE REMAINING ARTICLES WITHIN CHAPTER VII THERE BY ALLOWING IRAQ TO BECOME FULLY ARTICLE VIII COMPLIANT. IN MY OPINION WE HAVE NEVER BEEN...THIS CLOSE TO COMPLETION BEFORE. I FEEL WE ARE AT THE END OF OUR JOURNEY NOW...I FEEL WE WILL SEE SOME AMAZING THINGS IN THE NEXT FEW DAYS. KEEP ALL EYES ON THE CBI! [post 2 of 2]
11-13-2014 Newshound Guru My Ladies IT SEEMS THERE WERE VERY SUCCESSFUL MEETING TODAY BETWEEN BAGHDAD AND ERBIL. IN MY OPINION HCL IS DONE... IT SEEMS THE UNITED NATIONS WAS WATCHING THIS MEETING LIKE A HAWK ON MICE. THEY HAVE ALREADY SENT THEIR APPROVAL...PRETTY QUICK WORK ON THE PART OF BAN KI MOON FOR SURE. LET’S HAVE A LOOK AT WHAT THEY HAVE GOING ON SATURDAY, THEY ARE FINALLY GOING TO ACTIVATE THE PROVINCIAL GOVERNMENTS, WOW HUGE NEWS. [post 1 of 2....stay tuned]
11-13-2014 Newshound/Intel Guru BGG as per Fox ticker = HCL...HCL is DONE!! it ran on the Fox ticker this afternoon...Baghdad and Erbil settle longstanding oil and budget disputes TODAY!!
11-13-2014 Intel/Newshound Guru Poppy3 THEY ALSO STATED RETAILERS ARE NOW PLACING NEW BARCODES ON INVENTORY. THAT NOW GIVES THEM TWO ON MOST ALL INVENTORY IN STOCK. NOW THERE WAS ZERO TALK IF THE SECOND BARCODES HAD A DIFFERENT RATE OR NOT SO WHILE THIS SOUNDS VERY PROMISING IT IS JUST RUMOR AT THIS TIME AND HAS NOT BEEN CONFIRMED BUT THERE ARE OTHER THINGS IN THE WORKS THAT DOES LINE UP WITH A CHANGE COMING. WE WAIT AND WE WATCH ACTIONS AND THIS REPORT IS ON ACTIONS NOT JUST TALK. [post 2 of 2]
11-13-2014 Intel/Newshound Guru Poppy3 RECEIVED TWO CALLS SAYING THE SAME INFORMATION BOTH THESE PEOPLE HAVE... CONTACTS IN BAGDAD. THEY SAID RUMOR RUMOR RUMOR THAT THEY NOW WILL CONTINUE THE GOI PROJECTS THEY HAVE IN PROCESS THEY WILL ( PAY WITH THE RECENTLY BORROWED FUNDS ) THEN SUBMIT ALL REMAINING PROJECTS AND PAYMENTS TO THE 2015 BUDGET AND ACT ON IT WITHIN DAYS FROM NOW PRIOR TO THE BEGINNING OF 2015. [post 1 of 2....stay tuned]
11-13-2014 Newshound Guru Millionday [Has the HCL Law been put in the Gazett yet?] no at least it is not announced to have been but it happens right away when it is voted and with the oil deals it is possible just not in ink.
11-13-2014 Newshound Guru Kaperoni Article: "Barzani and Oil Minister Reach agreement "a comprehensive and fair" to resolve the outstanding problems between Baghdad and Erbil" Well, it would be better if they said it was done and they signed some agreement..but a temporary deal to hold them over until they can get together and finalize it, and pass the oil and gas law as well is better than nothing. A small step, but a good step.
11-13-2014 Newshound Guru Millionday SO IT DOES NOT AND I REPEAT -- DOES NOT MEAN THE 2014 BUDGET IS CANCELLED. IT MEANS SOME OF THE PROJECTS WILL BE EXPENSED IN THE 2015 BUDGET THAT WERE PLANNED FOR THIS ONE. SO KNOW THAT THE BUDGET 2014 IS DONE AND BEING RESPECTED AND MANY THINGS WILL BE MOVED TO THE 2015 BUDGET. [do you think RV will be postponed to 2015 budget since Iraq has a lot of catching up to do?] ACTUALLY I DO HAVE A REPORT...THAT MAKES IT VERY CLEAR AND USES THE WORD REVALUE AS TO WHAT THEY ARE DOING RIGHT NOW -- VERY EXCITING TIME TO SAY THE LEAST. [post 2 of 2]
11-13-2014 Newshound Guru Millionday Article quote: "Parliament agreed to cancel the 2014 budget transfers and salary scale and job grades and salary increases social welfare allocations to the budget in 2015, "noting that "the 2014 budget will be presented in the form of the amounts that were paid this year bonds" THAT IS NOT WHAT IT SEEMS...IT IS NOT TALKING ABOUT CANCELLING THE BUDGET. IT SAYS THE PROJECT AND IT MEANS THE PROJECTS THAT WOULD HAVE BEEN CALCULATED IN THIS BUDGET SO THEY WILL BE TRANSFERRED TO THE 2015 BUDGET DUE TO THE MANY UNFORESEEN EXPENSES -- THE TERRORIST FIGHTING AND SOME OTHER EXPENSES. [post 1 of 2....stay tuned]
11-13-2014 Newshound Guru tlm724 Article: "Kurdistan Regional Government approves draft law to regulate the management of oil wealth and oil revenues and fund resources" Quote: "they relate to discuss and approve the 'oil and gas resources in the Fund Kurdistan Region of Iraq Law' where Satzhb entire oil and gas revenues in the Kurdistan Region to this fund. After extensive discussions and observations put forward by the Minister, was ratified this law, also decided to allocate it to the Parliament." they have finally worked out the details!! it is happening before our eyes. All these points have been well received, there is a mutual understanding between Baghdad and Kurdistan and this will lead to ratification of the HCL...they have come to an understanding with Baghdad ...Just amazing!
11-13-2014 Intel Guru EXOGEN The song “The Final Countdown” should be playing in your heads.
11-13-2014 Intel/Newshound Guru tman23 I have a copy of the FOGL (HCL) 2011 draft law and the changes recommended by a committee in Norway...Most of this deals with clarifying language...and they are dealing with who owns the pipelines and in regards to pipeline fees and the maintenance...There is much to be agreed upon but in context they agreed to agree...The devil is in the details and that is what they are discussing...As stated on Monday...Done Deal!
11-13-2014 Newshound Guru Kaperoni I know many are looking for the economic laws, but the last few days several articles have asked for then naming of the heads of the parliamentary committees. Until that is done, the laws we all want to see in parliament will not occur.
11-12-2014 Newshound Guru Adam Montana [Now HCL is in Parliament waiting to be approved. I have read that there are other major laws (CBI Law, Money Laundering Law) waiting to be approved. Do you think these laws will take time as long as HCL to be approved...is there any other obstacles than HCL for RV to happen?] To keep it simple - the HCL is THE biggest thing on the plate right now - they are reviewing it as we speak, and we could literally have an answer on it by the end of the day. (I'm not promising anything - but it's a real possibility at this time!) [SO lets assume the HCL passes...whether it is Nov, Dec, or even next summer...(personally I like the new GOI and believe they are working at a feverish pace to pass HCL)...once they do...how long before implementation? What will we see/look for?] Once the HCL is passed, I expect things to move incredibly fast - at that point, I'm guessing we are in the days/weeks phase, rather than the "soon" phase.
11-13-2014 Intel Guru EXOGEN G20 starts tomorrow, Obama is said to be arriving Saturday morning. This is a meeting of Finance ministers and Leaders of G-20 countries. Hopefully, some decisions to bolster the RV.
11-13-2014 Newshound Guru Millionday TODAY [WEDNESDAY] THEY DECIDED THAT THEY ARE GOING TO ADOPT THE OLD OIL AND GAS LAW AND WORK ON THE OTHER WHEN THEY CAN GET ALONG ENOUGH TO MOVE FORWARD WITH IT -- ALSO THE LAW OF THE EMPLOYEES SALARIES LAW/SCALE (OBVIOUSLY) AND THE NATIONAL OIL COMPANY FINALLY -- THE HUSTLE AND BUSTLE IS ON -- WE HAVE THE OIL AND GAS LAW -- THE OIL AND GAS REVENUE LAW -- THE NATIONAL COMPANY OIL LAW --THE CORPORATE LAW-- AND THE LAW TO AMEND THE REFINERIES INVESTMENT LAW -- WE LOVE ACTION -- AND LET ME SAY IF THEY ARE RUNNING OUT OF TIME TO MOVE FORWARD WITH THE OIL AND GAS LAW THEY HAVE WORKED SO HARD ON --- THEY ARE SEEMING TO BE IN A HURRY. [what do we have to see in writing to know the HCL is complete?] THE HCL PRINTED IN THE GAZETTE WITH ALL OTHER LAWS AT THE SAME TIME.
11-13-2014 Intel/Newshound Guru tman23 In email I'm told people in Iraq (all over government) are receiving salaries today [Wednesday]...And in Turkey there are announcements confirmed that Qi Card has opened a distribution center for the card...this is also along with Jordan and Lebanon...Rumor, chatter or whatever it is to be labeled...It is being said that the Qi card is "expected" for use on the 16th...Sunday out of the country...And supposedly they have a Iraqi soccer game taking place at 20:00 hour Friday? And chatter of a victory for the trophy pays citizens 25 000 ...( that is the way it is in email 25 000 ) so you decide what it is LOL! This is the 2nd time I have heard the 16th date from 2 different people regarding ability to use the smart card out of the country. 11-12-2014 Intel Guru DC Iraq is more of the same as it was on Monday and last Friday. Parliament is doing a ton of work for the betterment of Iraq, minor stuff on the Budget, HCL, etc. dealing with ISIL. A lot of businesses and governments across the world are saying, “You said we would be paid and we haven’t been!” Again, that is more pressure to get this done. In the good old USA, the UN folks are just fit to be tied that this still hasn’t gone on yet... [On the Iraqi ISX, they are showing some sort of activity, but not the real rate.] The new revalued rate is cued up ready to go, but they haven’t done it yet today. They are so ready to launch this, and it will be reflected on ISX, CBI and Yahoo finance. The RV should have already happened when we see those figures change. This could happen at any moment; we haven’t been told of any good reason it should not.
11-12-2014 Newshound/Intel Guru Adam Montana [what are your sources telling you regarding HCL happening by the end of the month? Are they hearing rumblings that the Parliament might be on the verge of something big?] I can say "YES" to every...one of those. [Soooooo .10?] I'm still sticking to it - it's not set in stone, but it makes sense.
11-12-2014 Intel Guru TNT Tony IT’s a very interesting day today, on pins and needles because it is so close. The PM is live on television supporting the RV and asking the CBI why it hasn’t been done yet. Can it go to January? Absolutely, because they have already shown they can do whatever they want. Is that the plan so far as we know? No. Iraq could boil over within 48 hours. The G20 people could walk into the room and make it go now. The preparation is in place with a calendar of events planned. We are close enough that this could happen at any moment...we know our lives could change in a matter of hours.
11-12-2014 Newshound Guru Kaperoni ...the Law of Indebitness... Moving to IMF Article VIII and a new exchange regime which will let the dinar begin to rise can happen at any time. In fact, I want to say now..I do not expect anything to happen until at least mid Jan or even later. Several laws need to be passed, security needs to be at an acceptable level, and the CBI needs to request to exit Article XIV from the IMF via written request and accepted by the IMF. I am a realist, looking out late Jan -March is probably a good timeframe for them to accomplish all of that.
11-12-2014 Newshound Guru Millionday THEY ARE GOING TO HAVE THE MEETING OF CBI-OIL-PLANNING-AND FINANCE -- OBVIOUSLY A VERY IMPORTANT MEETING...THEY ARE BRINGING UP AGAIN CBI IS NOT TO USE THE RESERVES FOR INVESTMENT BECAUSE IT IS TO COVER THE RATE OF THE DINAR. THEY ARE SAYING THAT THEY NEED TO PRESERVE THE RESERVES SO THAT THEY CAN LAUNCH THE REALITY OF THE ECONOMIC REFORM. FIRST THING NEEDED FOR ECONOMIC REFORM IS MONETARY REFORM TO HAVE A REALITY RATE FOR INTERNATIONAL TRADE AND ALSO THEIR STOCK MARKET -- CANT JUST HAVE A MADE UP RATE AND VALUE THAT DOES NOT MAKE SENSE.
11-12-2014 Intel Guru Frank26 Nothing was found in the early hours ...BECAUSE the ISX feed is still not up. May I suggest that the HCL at THIS MOMENT is ...THE LAVA FLOW. [ I saw that ..."census still needed" is that the hold up for passing the HCL?] The census is within Art 140 ...They made peace with Arbil...HCL should follow this contrail.
11-12-2014 Newshound Guru Stryker Well, today hasn't started out very good since the Investment Laws are not listed on the parliament agenda for tomorrow. Oil & Gas Law Articles are all over the place today for adoption and the one that the government already sees will be easy adopted is the rewritten draft of 2011. This draft should be a no brainer as a discussion since there was already a committee of all blocks that was overseen by the UN in 2013 to make sure all parties were in agreement on it. Will this take long to get into parliament? We will see but it does come at a time that all major topics are at the forefront.
11-12-2014 Newshound Guru Adam Montana ISIS: It's being reported that ISIS is failing in Kobane thanks to Kurdish and Syrian forces. Iraq has recovered one of the military bases that ISIS was reported to have taken from Iraq. There are more examples, but the bottom line is simple - like I reported a couple weeks ago, ISIS is not enough of a threat anymore to even worry that it will hinder a currency revaluation. The things that need to be done are getting done, and unless something major goes wrong... things are all good for us! [post 2 of 2]
11-12-2014 Newshound Guru Adam Montana I'm a bit excited right now and there's no reason for that feeling to lessen at this time. The Iraqi Government is still making more progress in less time than ever before. HCL: Is on the table in a big way - we're seeing 3 or 4X the normal amount of articles on the subject, and every single one of them is encouraging. Quote: "there are many laws that will be discussed, notably the oil and gas and the law of the employees' salaries and the law of the national oil company law. Ebadi said in a statement to the newspaper "morning", said the law, which will be discussed today..." That is happening NOW, as I type this! [post 1 of 2....stay tuned]
11-12-2014 Newshound Guru Arthur We are simply waiting on the final implementation of the Oil and Gas Law (HCL). The new HCL that was drafted with all of the amendments included was too contentious and they have ran out of negotiation time per the PTB and must get something implemented now so they have been forced to backtrack and implement the old HCL for the time being just too get this thing done. In the next few days we should see this finally completed at which time full blown currency reform will be allowed to commence.
11-12-2014 Intel/Newshound Guru tman23 Announced Qi card/Mastercard for Iraqi's can be now be aquired Jordan and Lebabon (at one location each country)...Iraqi's must have a passport and Civil Service Staus papers...People ask the location of ports (banks to get cash off the card)...They are just issuing right now, the people don't undertstand yet that these cards will work in all ATM's...etc...once the acrd is activated internationally.
11-12-2014 Intel Guru TerryK WHAT I'M BEING TOLD IS THAT THEY HAVE TO, NOT NEED TO, BUT HAVE TO HAVE A TRADEABLE CURRENCY...THIS IS GREAT NEWS. THIS MEANS THAT WE ARE GOING TO SEE CHANGE. THIS IS WHAT I WAS TOLD MONDAY THAT WE SHOULD SEE IT WHEN THE BANKS SYNC...WELL THAT WAS AT 2 AM THIS MORNING BUT I HAVE BEEN TOLD ALSO THEY WANT TO BRING THIS OUT ON WED NIGHT ABOUT 10PM. THE PEEPS THAT I HAVE BEEN TALKING TO ARE STILL SAYING THIS. RI RATE COMES OUT...48 - 72 HOURS LATER THEY WILL RV THE RATE. THAT WAY THEY MEET WITH THE KUWAIT AGREEMENT AS WELL AS BRING IN TRILLIONS AT THE LOWER RATE.
11-11-2014 Intel Guru TerryK I HEAR ALOT ARE HAPPY WITH WHAT'S GOING IN IRAQ...ALOT OF PROGRESS...ALOT AROUND THE HCL TO BE DONE IN THE AM...IF THEY DID NOT COMPLETE IT TODAY...THEY WERE TOLD TO COMPLETE IT PERIOD, NOT TO VOTE ON IT TO COMPLETE IT.
11-11-2014 Newshound Guru Kaperoni Iraq Economic Brief: Ok, let's break this down..."The Commission pointed out: that «the present time appropriate for the application of the project, especially since Iraq has returned to the regional and international environment after the new government's policy to strengthen relations with all countries, where the central bank will begin the implementation of the project in the form of stages», calling on the central bank to «start implementing the initial stages the beginning of the year 2015 »." Love this part..."«the central bank and in conjunction with the implementation of the project to delete the three zeroes from the paper currency currently in circulation, will issue a metal coins from multiple categories to overcome the economic crisis, which may get a peer process of deleting the zeros», adding that «the launch of the project Coins take between four to five years and will be the launch of which categories of small coins gradually. »"
11-11-2014 Newshound Guru tlm724 Article: "House of Representatives ends the first reading of the three laws" Quote: "Council completed the first reading of the draft census law submitted by the committee of economy and investment , which aims to organize the census process in accordance with the provisions of the Constitution..." The Census Law is very important in the big picture. The GOI cannot allocate appropriate funds without the correct numbers for the population and this includes but is not limited to the oil profits for the people! The census needs to be done before the profits in the HCL law can be disbursed.
11-11-2014 Intel Guru EXOGEN Article: "The Baghdad-Based Exchange is Now Operating the Most Widely Deployed Trading Platform in the World" Quote: "NEW YORK and BAGHDAD, Iraq, Nov. 11, 2014 (GLOBE NEWSWIRE) -- Nasdaq NDAQ, +0.34% and the Iraq Stock Exchange (ISX) announced today the successful on-scheduled go-live of the X-stream Trading technology, which replaced the existing Horizon platform." THEY CAN NOT DO THIS WITHOUT A RATE CORRECT, WHICH TIES TO IMF ARTICLE 8 IN CONJUNCTION WITH THEIR SANCTIONS. CORRECT. THIS IS BIG!!! Quote: “trading platform that complies with international standards”
11-11-2014 Newshound/Intel Guru BGG Article: "The arrival of the draft oil and gas law amended to parliament for approval" This is big news...BIG NEWS for them, not as big for us. IMHO the only thing we need to see is THE NEW RATE.
11-11-2014 Newshound Guru Adam Montana Awesome stuff coming out of Iraq - it's getting hot in here! Article: "Iraqi PM’s Office: We Will Reach Agreement With Erbil Soon" This is HUGE! & HCL has been read! Article: "Deputy for the National: oil and gas law has read it and we are waiting for the Commission sent" I'm getting excited - we are seeing more progress in a shorter amount of time than EVER before.
11-11-2014 Community Guest Guru DM If you think about what is happening concerning the three zero LOP. It actually happened in the USA! We used to have bills in these denominations, $1,000, $5,000 and $10,000. The USA wanted to get rid of these high denominations bills just like Iraq is wanting to do now. Our monetary value did not change! What happened is the value stayed the same, we got ten $100 bills instead of a $1,000 bill and so on...Until all of the higher denomination bills were out of circulation. This is what I believe is what will happen in Iraq!
11-11-2014 Intel Guru TD Couple really interesting thoughts shared from my Kurdish friend (as always treat as rumor and do your own homework). My friend indicates that the new commitment of US personnel includes conditions set by the US. While it's quite detailed and only few know all the details he believes (was told) that the US is mandating that by next summer to see REAL progress of inclusion by the Abadi administration and brokering of deals with Sunni moderate groups in the end goal of unifying the country. This of course coupled by offensive efforts of the Iraqi army to regain much of now ISIS controlled territory. A major area of push in months ahead will be the Anbar province. If within 6-9 months there is no real progress, the US will then be pushing for a federation arrangement within Iraq which the Kurds would be delighted with anyway. In the end a POLITICAL SOLUTION is a MUST for Iraq...the existence of Iraq as a "COUNTRY" remains unclear and with it is all MAJOR economic and social programs to execute.
11-11-2014 Intel Guru TerryK WHAT'S TOMORROW [TUESDAY] NIGHT, 2 AM? [bank sync time.] THAT'S WHAT I GOT [banks are closed tomorrow...so if it shows we wouldn't see it until Wednesday] BINGO.
11-11-2014 Newshound Guru Kaperoni Article: "Al-Abbadi, confirmed the World Bank sought to shift towards the private sector and encourage investment" Quote: "The Al-Abadi said the Bank hoped to achieve what we yearn for in our Government to shift towards the private sector and to encourage the movement of investment, referring to the Bank's role during the last 10 years in support of joint projects with the Iraqi Government and the private sector." This article is amazing...the World Bank basically said...we have helped you prepare, and now its time...dont be scared we are with you and now is the time to open the economy. Just amazing article! 11-10-2014 Intel/Newshound Guru Poppy3 ...THEY ARE VERY DIFFERENT FROM KUWAIT IN MANY WAYS BUT THEY ARE VERY LIKE THEM IN OTHERS. THE MAIN DIFFERENCE IS KUWAIT HAD A FUNCTIONAL GOI AT THE END OF THEIR WAR AND ONLY TOOK 3 YEARS TO GET BACK RUNNING WITH THEIR NEW RATE, WHERE IRAQ HAS BUILT A COMPLETE NEW GOI AND ARE STILL TRYING TO GET IT RUNNING. I AM SURE THEY KNOW THE RATE RANGE BUT THEY WILL NEVER SHARE WITH ANYONE TILL THE RELEASE.
11-10-2014 Intel Guru TNT Tony [via Adept1] We wanted to see what would happen over the weekend because we were told it was supposed to bust out over the weekend. Saturday they said that something happened that would affect all of Iraq and that was the RV…but here we are on Monday morning without the RV because someone stopped it. Now we are being told this week, and we’ll have to see what happens.
11-10-2014 Newshound Guru Millionday THEY ARE SAYING THAT THEY WANT TO HOLD THE EXCHANGE RATE AT A STABLE RATE WHICH HAS SHOWN SUCCESSFUL IN THE PAST FOR STABILITY AND THEY EXPECT THAT IT WILL SUPPORT THEM WHILE THEY ACTIVATE ALL OF THE PROJECTS... THEY NEED TO REVALUE THE DINAR AND INCREASE PURCHASING POWER...GOES WITH THE NEWS THAT THEY ARE MOVING FORWARD WITH ECONOMIC REFORM. [IS THIS SAYING THEY NEED THIS TO REVALUE BEFORE THEY IMPLEMENT THE REFORMS SO IT IS READY TO PAY OUT?] IMO -- ALL WILL HAPPEN AT THE SAME TIME BECAUSE MONEY WOULD BE THE MOST IMPORTANT TOOL IN THE ECONOMIC REFORM. [so essentially THEY ARE READY 100%?] CBI STATED THAT THEY ARE.
11-10-2014 Intel Guru DC [via Adept1] In the USA, the UN guys are jumping up and down to get this done.The administration had everything beautifully lined up...However, everything got delayed again...but we are now back on track and we are back on the rollout process again. Since Friday before last, they have been exchanging people – mainly politicians and bank-invited people. That slowed back down at the weekend and has now taken off again. Exchanges are all over the board. In summary, we are waiting on the US, and now it’s in back in the process and moving on. The rollout procedure is what they are working on now. They have changed it many times now. [Can the IMF force it internationally and leave the US out of it?] They can, but they haven’t so far. I think Iraq will force the IMF to do that. I strongly believe pressures are escalating at an extremely fast pace now...
11-10-2014 Newshound Guru Kaperoni Article: "The arrival of the draft oil and gas law amended to parliament for approval" Quote: "The Commission on oil and energy parliamentary strive to end all differences of political blocs on some paragraphs of the oil and gas law to reach a final agreement and vote on it during the next few days..." Well let's see if it makes the schedule in the next few days.
11-10-2014 Newshound Guru Millionday HCL IN PARLIAMENT IMO DOES NOT SAY DONE DEAL -- IT SAYS HURRY UP AND VOTE... HCL IS IN PARLIAMENT BUT IT BEING PARLIAMENT DOES NOT IMO SAY IT IS DONE YET.
11-10-2014 Intel/Newshound Guru tman23 On Monday Kurdistan Region Prime Minister Nechirvan Barzani will address the Kurdistan Parliament to talk about KRG oil and gas policies and layout the government plans for oil and gas...THIS ALONG WITH THE HCL BEING IN PARLIAMENT SAYS ONE THING...DONE DEAL!
11-10-2014 Newshound Guru tlm724 It is noteworthy that this law does not deal with the related issue of investment in the oil sector, where the Iraqi government is scheduled to prepare before the end of the current year a bill and send it to Parliament for approval. This law and all that it affords will turn Iraq around economically and not only will this law help the Iraqi's but it will assure investors that they are protected and receive tax breaks etc... Talk about creating an atmosphere of confidence, the passage of this law after 8 years on the books will do it! [post 2 of 2]
11-10-2014 Newshound Guru tlm724 Some very exciting things are happening in Iraq this week but I want to concentrate on the Investment Law of 2006 for just a few minutes. This law is on parliaments agenda for Nov 11th for it's first reading. Haidar al-Abadi, head of the Economic Committee in the Iraqi parliament, said that "We hope the new law will boost the Iraqi economy by reducing unemployment, qualified Iraqis to develop Iraqi capabilities, and raising the standard of living of Iraqi citizens in general." Yes that is the new Prime Minister Abadi! He was head of the Economic Committee. He was the one who helped write this law. He will make sure the economic laws we seek will be presented to parliament and with Jubouri at his side we will see them all come to pass! post 1 of 2....stay tuned]
11-10-2014 Intel Guru TerryK A BIG WIG CALLED ME AND SAID WED... ALOT OF GOOD STUFF GOING ON. SO WITH THAT SAID...I WOULD SAY BE SURE YOU HAVE CLEAN UNDERWEAR READY. MAKE SURE YOU HAVE ALL YOUR DOCS YOU WILL NEED. I'M GETTING MY BAGS PACKED. NO KIDDING THIS IS THAT GOOD.
11-10-2014 Newshound/Intel Guru BGG [how u feeling about all of this honestly? i know u are excited, on a scale 1 to 10?] 8
11-10-2014 Intel Guru Freeway Bill Well, we are certainly excited, frustrated, confused, dismayed, uplifted, beat down, but the sun still shines... Obama is not stopping this, Putin is not stopping it, the CBI is ready and so are we....
11-10-2014 Newshound Guru Millionday THAT BILL WILL REPRESENT THAT AMOUNT AND THEY MAY GIVE REGULATIONS AS TO HOW LONG YOU HAVE TO EXCHANGE IN ALL COUNTRIES AS THIS IS NOT UNCOMMON. YOUR DINAR OR YOUR DOLLAR OR YEN WILL NEVER JUST BE AS IF IT HAS A DIFFERENT NUMBER ON IT. THAT IS SILLY AND AGAINST INTERNATIONAL LAW OR WORLD ECONOMICS WOULD BE IN THE TOILET. [post 3 of 3]
11-10-2014 Newshound Guru Millionday IN THE COUNTRY THEY ARE PULLING THE THREE ZERO CURRENCY --- NOT REMOVING BY PEN OR FIRE THE 3 ZEROS -- THEY WILL REDENOMINATE IN THE COUNTRY AS THEY HAVE STATED OR NOT --- AND OUT SIDE THE COUNTRY AN EXCHANGE RATE WILL BE SET FOR ALL COUNTRIES -- YOU HAVE A FACE VALUE PAIRED TO WHAT THAT VALUE IS IN YOUR COUNTRY -- AND EVEN NOW YOU HAVE A FACE VALUE AMOUNT PAIRED TO WHAT COUNTRY YOU LIVE IN -- YOU MAY GO TODAY AND DO WHAT YOU WOULD DO AT A HIGHER RATE -- EXCHANGE FOR THE VALUE LISTED. [post 2 of 3....stay tuned]
11-10-2014 Newshound Guru Millionday THERE WAS SOMEONE...SAYING THAT THE CURRENCY OF IRAQ WAS GOING TO BE LESSENED IN VALUE BY 3 ZEROS FOR US ALL AND THE VALUE OF WHAT YOU HOLD WOULD BE THAT MUCH LESS TO START WITH AND IRAQ WAS GOING TO BLEEP US --- THAT IS ABSOLUTELY THE MOST MISINFORMED STATEMENT I HAVE HEARD IN THE WHOLE INVESTMENT. CURRENCY IS NOT JUST A PIECE OF PAPER -- IT IS A LEGAL DOCUMENT AND IS SIGNED BY OFFICIALS IN EACH COUNTRY --- LOOK AT ONE YOU HAVE...THE CONFUSION...LIES IN THE IN COUNTRY AND OUT COUNTRY CONFUSION WITHIN NEWS -- OBVIOUSLY. [post 1 of 3....stay tuned] [Scroll down to See Guru TD and Guru Delta's referenced posts on 11-9-2014 Below]
11-10-2014 Newshound Guru wmawhite [CITIZENS OF KARBALA DEMANDING DELETE ZEROS FROM CURRENCY...what does this mean...if anything?] I believe it is very good that more folks from outside of Baghdad are calling for the same thing.
11-9-2014 Newshound Guru Aggiedad77 This is just my take on the info that [Guru] Delta brought and the article about Karbala...this is NOT the CBI talking...it is merely the citizens of Karbala province that have been asked their opinion...Wait until we hear from the CBI. [See Guru Delta's post below 11-9-2014]
11-9-2014 Intel Guru Nova Just My Two Cents on 25,000 to 2500...This Is Where Lots Of Folks Derail On The Delete/Drop/Remove The Zeros. They're Not Talking About The Zeros On The Currency, Its The Rate. The Current Rate Is .00086. Remove Two Zeros And You Get .086 or $.10. Remove Three And You Get .86 or $1.17 to $1.25 Depending On Where The Dollar Is At That Time. I Believe If All We See Is The Removal Of Zeros It Will Be All Three. [reference Guru Delta's post 11-9-2014]
11-9-2014 Intel Guru Delta URGENT FROM IRAQIA TV: CITIZENS OF KARBALA DEMANDING DELETE ZEROS FROM CURRENCY...THIS REPORT FROM TV IS SHOWING THAT CITIZEN ASKING CBI TO DELETE ZERO FROM CURRENCY AND THEY GAVE EXAMPLE THAT 25000 WILL HAVE 2500 PURCHASING POWER. THAT'S $.10! ...WE HAVE TO WAIT AND SEE WHAT THE CBI WILL DO!
11-9-2014 Newshound Guru Kaperoni Article: "Deputies: resolving the label presidencies of parliamentary committees in two days" Quote: "Congress expressed optimism decisively Parliament and political blocs naming heads of standing committees during the next two days. While stressing the importance of resolving this file as soon as possible in order to approve the delayed laws..." This is big news. Obviously this has slowed down the process of passing the delayed economic/banking laws. Lets hope they get this done this week so they can focus on the laws!
11-9-2014 Newshound Guru Millionday ...KUWAIT HAS OIL AS 94% OF THEIR REVENUES AND ALSO HAVE COMPLETED THEIR BUDGET WITH 75$ PER BARREL AND ARE ABLE TO CARRY A WORLD RATE THAT IS NOT BAD -- JUST A NOTE.
11-9-2014 Intel Guru TD What people don't get (or care to get) is that all countries who have had similar situations (lots of zeros of their currency) have ALWAYS done LOP's. THERE IS NOT A SINGLE CASE IN HISTORY THAT IT DIDN'T HAPPEN AND IRAQ WILL BE NO EXCEPTION. 3) The original program rate of over 3000-1 has been modified ( over a decade now) relative to the strength of it's economy and according to my economist friend, the 1166 is in direct proportion to it's economic strength AT THIS TIME. He points out that MANY other countries have rates in much less proportions to the US dollar and he further states that (at this time) many of them are enjoying both better stability as well as better economic strength than Iraq. Pull up a chair...it will be still be a long wait. [post 2 of 2] [Stay tuned to see other gurus' thoughts on this subject]
11-9-2014 Intel Guru TD Here's a few comments to share from my chats with my Kurdish friend (as usual treat all as rumor and do your own sound diligence). There's really no way to sugar coat ACTUAL REALITY of what's going on in Iraq: The US deployment of 1500 new "Advisers" is NOT because things are going so well. The achilles heel for Abadi remains the dysfunctional Iraqi Army. Continuous articles of 'we will do this and that" are all "HOPE" articles to voicing to their citizens and the world that eventually they will unify and govern as a stable country. Sprinkled in between these articles are doses of reality : 1) It may take even up to 5 years for them to get things under control and execute economic & social programs. 2) The LOP has been CLEARLY addressed within their intentions (in due time). [post 1 of 2....stay tuned]
11-9-2014 Intel/Newshound Guru Poppy3 I TOLD YA'LL WEEKS AGO THEY HAD SAID WE WILL SEE RATE CHANGE BY JAN 1. THEY ARE IN A HURRY AND IF THINGS ARE POSITIONED RIGHT THEY CAN PULL THE TRIGGER AT ANYTIME BETWEEN NOW AND THEN EVERY DAY.
11-9-2014 Newshound Guru Millionday WE ARE SENDING TRAINERS TO IRAQ AND MORE MILITARY HELP -- THE NUMBERS WILL DOUBLE AND THE TOTAL IS 1500--1800. [havn't heard much about how we are doing against ISIS, whats the real story , are we making progress against them?] YES WE HAVE SOME REPORTS -- AND ACTUALLY THE IRAQIS ARE DOING GREAT AND ARE CLEARING TOWNS ON THE GROUND AS WELL...MAKING HUGE SUCCESS.
11-9-2014 Newshound Guru tlm724 Article: "Army cleanses the 16 villages in the liberation of the Heat campaign" *hallelujah* they are ** "one day away from the victory of the security forces in Baiji, and raising the Iraqi flag amid the judiciary, heroes of the armed forces and the sons of tribal folk and the crowd launched yesterday, a massive attack from several directions to cleanse eliminate the Heat in Anbar.oukal chairman of Anbar province..." look at them go!!! Raising that Iraqi flag. The tide is definitely turning in Iraq's favor.
11-9-2014 Intel/Newshound Guru tman23 I don't know what the value of a 25,000 k note will be at the start of the reform...I could give a couple scenarios that are logical that nobody would like...I could give the $3.58 number that is not so logical but everyone loves...OR I could just say as I simply have...I DONT KNOW...But I do strongly believe 100% that by or the start of 2015 the zeros will be dealt with in some fashion of a monetary reform inside Iraq. [post 2 of 2]
11-9-2014 Intel/Newshound Guru tman23 [It would be so helpful if they just let us know the timeline, with finished date included.] WE have the date...those zeros will NOT be there starting 2015...I am absolutely positive! ...we are in the MOMENT... and can see a change at anytime, but IMO as nobody likes backwalls...The start of 2015 is the backwall. It's right in front of everyone...MONETARY CHANGE! How they execute it is unknown...how the 3 zero notes we hold are to be valued is unknown...I do not feel I am going out on a weak limb stating that the reform change will be with the opening of 2015. [post 1 of 2....stay tuned]
11-9-2014 Newshound Guru Millionday THIS PAST SUNDAY THEY STARTED WORKING ON THE ISX -- THERE IS NO WAY TO TELL HOW SUCCESSFUL THE ISX IS AT THIS POINT UNTIL INVESTORS AND THE WORLD TAKES PART. THEY ARE WORKING ON THE X-STREAM AND ALL OF ITS UPGRADES ETC -- GREAT NEWS - THEY TOO ARE IN THE MIDDLE OF WORKING ON THE ESX TO START TRADING...BY THE END OF 2014. THEY DID NOT HIT AUGUST BECAUSE THEY DID NOT HAVE ENOUGH COMPANIES IN THE ESX. THEY HAVE BEEN WORKING TOWARD INTERTWINING TO HELP BOTH MARKETS AND MAKE MORE OF AN IMPACT. [...do we seem to get the same news over and over again just rewording it in a different way? Ex. They said the ISX a week ago was ready.] NO...THIS IS NEW THAT THEY ARE WORKING TO GO GLOBAL.
11-8-2014 Newshound Guru Randy Koonce you can get a a rate above 4 dollars again another fantasy...the only group that means a thing is the one you put together to go to a bank with... "sorry but there is NO LOP'...There is a lot of currencies that might lop, Vietnamese dong is one.. IRaq will not... It also will be a managed float meaning once it comes out it will stay that rate until someone wants to it move...Lots of signs for it being within next two week... [Post 2 of 2]
11-8-2014 Newshound Guru Randy Koonce no one has cashed in...and they now have to sign a Non Disclosure...that is BS... we are just waiting for the political powers "Obama" to be pressured enough to let her go...how long can Obama hold this off...well technically until his term is up...but the pressure right now is extremely difficult for him to wait...the Iraqi army will not stay together without getting paid... Since they need to keep the army together, they will need to pay them....If you noticed that Iraq passed a provisional budget between now and the 1st of the year... that budget has the lower exchange rate in it... it will just show and I believe before the end of the year... [Post 1 of 2 stay tuned for the rest of the story]
11-8-2014 Newshound Guru Millionday THE HCL IS VERY IMPORTANT DUE TO THE FACT THAT THE LARGEST % OF REVENUES ARE OIL IN IRAQ -- SO IT WILL BE FUNDED BY MOSTLY OIL FOR A WHILE UNTIL THE PRIVATE SECTOR GETS ROLLING AND PRODUCING TAXES AND FEES AND ALL THAT WILL BE REVENUES FOR THE COUNTRY.
11-8-2014 Newshound Guru Stryker QUOTE: "Prime Minister Haider al-Abadi, transfer of powers of the eight ministries of service to the provincial councils" If this is true Iraq has a REAL power sharing government with power given to the provinces.
11-8-2014 Intel/Newshound Guru Poppy3 LESS THAN 2% OF PEOPLE IN AMERICA OWN DINAR. THERE IS ZERO 800 NUMBERS AND NO RUSHES ON THE BANKS...THERE ARE NOT ENOUGH INVESTORS FOR THAT...THIS WILL NOT EVEN EQUAL A FRIDAY PAYDAY CROWD AT THE BANK, IN FACT NO WHERE NEAR AS MANY.
11-8-2014 Intel Guru TNT Tony I know there’s people all the way at branch levels, even second-tier banks who are absolutely positively geared up for us to walk through that door, and are being told that and have been trained for that and even have a list as soon as they can active it, that they plan on doing. So I know we’re that close to it...I know it can happen, everything’s done for it to happen, but...it was supposed to happen on Wednesday, and it didn’t happen then, and I’m hoping it happens today or tomorrow...
11-8-2014 Intel Guru Jester ...MANY PEOPLE ARE TALKING ABOUT MID TO END OF NOVEMBER...WE BEEN SAYING THAT FOR SEVERAL WEEKS...I AM NOT GOING TO BE HERE MUCH LONGER...WHEN THIS GOES DOWN... I HAVE TOLD YOU THE GROUPS WILL BE FIRST... DO YOU SERIOUSLY THINK THAT I AM NOT CONNECTED ENOUGH TO BE IN THAT CATEGORY... BECAUSE WHEN I DISAPPEAR YOU WILL KNOW WHAT HAS HAPPENED...I DO NOT BELIEVE YOU HAVE MUCH TIME LEFT...BUT THERE IS STILL THINGS THAT CAN GO WRONG...WE ARE ALL PRAYING THIS IS FINALLY THE END GAME.
11-8-2014 Newshound Guru Breitling Article: "5 year delay in the dinar and the project…" What people don't realize is that is a remarkably good article for us! I don't know if it's true or not but it has to do with them coming up with their new currency, it has nothing to do with the currency you and I have now. Does this mean the dinar is not going to revalue until after 5 years? They DON'T need a new currency for the currency you and I have to revalue because it's a note count issue…it's very very simple. This article makes the currency you and I are sitting on that much more important. It means the value is going to go up and that's the currency they are going to depend on. Everybody thinks the notes with the 3 zeros on it is going to be a problem…NO it doesn't…they just have to move decimals over and that's it…very very simple.
11-8-2014 Intel/Newshound Guru Poppy3 ...FRIDAY THEIR HOLY DAY AND THEY HAVE HAD TWO OF THE LARGEST FINANCIAL AND GOI MEETING OF THE YEAR YET...THEY WANT THIS RATE RELEASE AS BAD AS WE DO.
11-8-2014 Intel/Newshound Guru tman23 Note;; that by orders of the CBI to the Department of Commerce...All registered "financials" to cancel holiday (working Friday and Saturday"s) to complete financial transformation...END.
11-8-2014 Newshound/Intel Guru BGG Article: "The private sector contributes to increase the value of the dinar " Quote: "noting that it was an urgent necessity that the country is about to increase its exports of crude, Baidhani called finally to revalue Iraqi dinar increased purchasing power because of its profound impact on the development of economic reality and give additional force to currency [and] strengthen confidence among the world’s currency markets, especially that [the] dinar is covered by a cash reserve to be reckoned with." This is the HUGE NEWS of the WEEK!! This same economist was on Iraqi TV right after this was published and saying essentially the same thing. 11-7-2014 Intel Guru Delta I BELIEVE WE WILL SEE SOMETHING GOOD THIS COMING WEEK.
11-7-2014 Intel Guru DC RV WILL BE OFFICIAL WHEN THE BANK RATE CHANGES IN IRAQ, CBI WILL BE AFTER. I REALLY LIKE THIS WEEKEND, I KNOW MANY ARE PREPARED FOR THIS TO GO THIS WEEKEND ACROSS THE WORLD, I EXPECT IT TO, BUT WE HAVE TO BE CAUTIOUS GIVEN OUR PAST ISSUES.
11-7-2014 Newshound Guru Millionday THEY ARE TALKING ABOUT THE LACK OF USING DINAR TO FUND THE SMART CARD DISTRIBUTIONS. THE CARD WILL BE GLOBAL PER REPORTS AND WILL BE MANAGED BY VISA. THE MINISTER OF COMMUNICATIONS WILL BE WATCHING THE PROJECT AND MONITORING IT -- THEY SAY BY THE END OF THE YEAR -- THAT LEAVES THE DATE OPEN AS WITH EVERYTHING ELSE...SOUNDS LIKE THEY ARE WORKING ON MOVING FORWARD TO A MARKET ECONOMY.
11-7-2014 Intel Guru Mnt Goat I have to say this 2014 budget issue is a done deal. They are not going to formally announce a voting on the budget since much of the detailed project are being rolled over to 2015. I have had many long conversations with my CBI contact...and he talked about some of the programs they have instituted to assist in fighting current and future counterfeiting and financial corruption. He also gave me some insight as to collecting the older, original 3 zero notes and why it is imperative to get them too out of circulation and do it quickly once the RV happens. I believe we are in a rare opportunity and window like never before. In the coming days...not weeks...we should expect the RV.
11-7-2014 Intel Guru Frank26 I believe this year we have seen a number of impressive MR steps laid out. These steps have allowed LAWS and ECONOMIC instruments to prepare themselves for a...NEW and INTERNATIONALLY capable IQD RATE. READY is my last 10 years in this investment...SET is for this year and GO is...Now. Two Sunday's ago they launched a signal of algorithm data. Last SUNDAY it ended. What will they do this Sunday?
11-7-2014 Intel/Newshound Guru tman23 Worse case scenario is 54 days in having confirmed information on exactly what their intentions are...Right now...54 days left in this year...Again IMO...This cat and mouse game over economic reform far exceeds "a neutral event"... And Legardes speech a few weeks ago she said...Iraq's (used a term for undervalued) currency has served them well and the time has come to "gradually liberate the exchange rate"...She can say gradual etc.. I certainly never expect her to say reinstate the rate etc..etc... But the point is she addressed the undervaluation and called for time to change. [post 3 of 3]
11-7-2014 Intel/Newshound Guru tman23 Abadi will be in Erbil to meet with the Kurds on the oil agreement...That should be concluded this weekend...FINGERS CROSSED...This HCL agreement is and always has been a key component to this investment! If this agreement is reached then expect the World Bank delegation...on a "any day arrival" time frame...IMO...I don't see how Iraq opens the start of 2015 with an immediate change in monetary policy...I believe they need to open that door at least 30 days in advance. [post 2 of 3....stay tuned]
11-7-2014 Intel/Newshound Guru tman23 The G19 (20) Russia excluded is making a move...By the article from the CBI it is the World Bank that is directing Iraq monetary policies...In ink a World Bank delegation is set to meet with Iraqi officials...It is IMO that the CBI governor, Jabouri, Zabari and Abadi do not know the planning of the IMF and World Bank...What I'm saying is I don't believe they are informed of a rate etc. for their currency...it may be laid out for them hours before we see the release...I am of the opinion that when the World Bank delegation arrives...they hold the keys to release the IQD internationally. [post 1 of 3....stay tuned]
11-7-2014 Intel/Newshound Guru Poppy3 WHAT AND HOW MUCH FINANCIAL MOVES ARE INVOLVED OR FINANCIALLY REQUIRED BEFORE THEY FEEL CONFIDENT TO MAKE AN INCREASE IN THE RATE IS UNKNOWN. REMEMBER THEY CONSTANTLY CHANGE THEIR MINDS ON WHAT DOES AND DOESN'T WORK FOR THEM THEY AGREE AND TWO DAYS DISAGREE ON THE SAME SUBJECTS ALL THE TIME. I AM PRAYING THAT THE FORWARD MOVEMENT IN AGREEMENT CONTINUE FORWARD. THE HCL IS ONE PERFECT EXAMPLE HOW MANY TIMES THEY HAVE REPORTED IN INK THAT IT WAS FINISHED THEN THE NEXT DAY IT IS NOT? I CAN SAY THE HCL CAN'T BE FUNDED WITHOUT THE RV. ALMOST EVERYTHING ELSE THEY HAVE TO IMPLEMENT REQUIRES A RV TO BE IMPLEMENTED JUST LIKE THE TARIFF LAWS.
11-7-2014 Newshound Guru Aggiedad77 [I had thought that Ismail was sworn in as CBI Gov?] I don't believe Ismail was ever "sworn in" as CBI governor... just watch and wait to see who they announce and watch that that individual to be officially "sworn in." As with the case of Turki, they can have someone in place that didn't really have a great deal of authority... I think at this time, the HCL is more or less in the driver's seat of things...keep an eye on what the Kurds say about whatever Baghdad brought to them today regarding any potential peace talks regarding oil and gas issues. We've all heard Frank [Guru Frank26] on a number of occasions...that if the HCL can ever be approved, completely approved...then we should see the RI "nanoseconds" later.
11-7-2014 Intel Guru Jester WHAT I CAN TELL YOU IS THERE IS SOMETHING DEFINITELY GOING ON IN THE BANKING SYSTEM... WITH THE OCTOBER 15TH DOMINO THAT FELL... I DID NOT TALK ABOUT WHAT HAPPENED THEN AND I STILL WILL NOT...BUT IS WAS HUGE... WAS ON THE SCHEDULE I HAD... AND I BELIEVE WE ARE STILL ON SCHEDULE FOR THE NEXT STEP...AND THAT I AM EXPECTING SOME OTHER THINGS TO HAPPEN LATER THIS MONTH...I DO KNOW "SOMETHING" IS GOING ON DUE TO THE SIMPLE FACT THAT WE ARE ONLY ABLE TO DO CERTAIN THINGS RIGHT NOW IN THE BANKING SYSTEM AND THAT IS EXPECTED TO RESOLVE IN THE NEXT COUPLE WEEKS... I DON'T THINK WE HAVE MUCH LONGER TO WAIT.
11-7-2014 Intel Guru EXOGEN [via ChristineB] This RV should be over in the coming days – if not the next 72 hours...based on all Intel, signs & factual events converging – the RV is imminent. The first Basket it appears may be the Dinar followed shortly – hours or days – by other currencies. However, rates are showing on the screens now. 3 rates for Dinar were being pushed forward weeks ago, so certain folks could benefit. This see-saw of 3 simultaneous rates on one currency has been resolved. What is relevant for us is, what are the rates on my bank’s screens when I exchange. The CBI rates may or may not be relevant. There is no one that can say what the fluctuating rate will be one hour to the next. In other words, if you exchange one note, you are NOT bound to that rate for the rest of your exchange at a later time...this is Misinformation.
11-7-2014 Newshound Guru Enorrste Article: "The private sector contributes to increase the value of the dinar " Quote: "...indicating that it is an urgent necessity...the revaluation of the Iraqi dinar and the increase its purchasing power because of its profound impact on the development of economic reality and the granting of additional currency strength enhance confidence between the currency markets in the world." ...this opinion piece says exactly what we have been saying for the last two years... We are not only on track: we are right on track. ...I love quotes such as "urgent necessity." This is the sort of language that gets me to salivate! I hold to my the float will begin shortly after the new year and the dinar will rise as fast as the CBI allows it thereafter. More than that would be an overstatement.
11-7-2014 Newshound Guru Kaperoni Article: "Lower central bank sales to $ 175 million" Quote: "...the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars," adding that "the sale of remittances price of 1187 dinars / USD..." Good news for sure...and now officially within compliance no matter what numbers you use. The CBI is clearly making a push and it looks like they may be aiming for Jan-Feb timeline if they get the laws in place. Let it come to us!
11-7-2014 Newshound Guru Millionday THE HCL WAS SENT TO PARLIAMENT LAST WEEK...ALL AMENDMENTS ARE DONE.
11-7-2014 Newshound/Intel Guru Arthur Despite the abundance of misinformation disseminated daily, how everything has transpired til now bears out the reality of how GOI + HCL = RV. Everything else either has been completed and implemented or is being completed daily to the culmination of that aforementioned equation which looks to be as close now as it ever has been. The oil and gas dilemma contains a myriad moving parts that was never gonna be an overnight collaboration but is coming together through multiple meetings of multiple minds and components currently in process. The Iraqis are finally just now at a point whereby they are transparently announcing they are in the final stages of completion of this crucial and final element to the revaluation of the Iraqi Dinar.
11-7-2014 Intel/Newshound Guru tman23 This is from Iraqi...He said people speak of coins but they have not seen them...As of 48 hrs ago his brother could not collect pay at ports in Sulaymaniyah (Talibani residence city)...he was told to go to Erbil to collect his pay (3 hr drive)...The ports are suspended and will be announced open after "updates"...He said the foreign currency traders that were present a few days ago are no longer on the streets...the people are told they must exchange with S @%@^* a licensed company approved by the CBI. 11-6-2014 Intel Guru DC [via BBen33418, Buckwheat, IdahoUSA, & Joshua] ...the rate on the screens for Dong TODAY is $2.17 and Dinar is $3.58 - International Rates. (Yesterday the Dong was $1.02 and Dinar $3.58). ...there were only a few minor details to work out in some meetings in DC and it will be done. Could be tonight, tomorrow or Saturday, we are very very close...WE ARE NEXT...we are cleared for take off.
11-6-2014 Intel Guru Delta URGENT FROM IRAQIA TV: IRAQI GOV ANNOUNCES TAKEN SEVERAL ECONOMIC AND FINANCIAL DECISIONS THAT WILL PROMOTE INVESTMENT IN THE COUNTRY.
11-6-2014 Intel/Newshound Guru Poppy3 TIMING ON THIS CAN HAPPEN AT ANYTIME BUT WE AREn'T PRIVILEGED TO KNOW BEHIND THE SCENES YET. THE CBI AND GOI ARE READY TO MAKE THE MOVE AND ALL IS IN PLACE EXCEPT KNOWING THE EXACT AMOUNTS MOVED AND UNMOVED AND I SUSPECT AS SOON AS THESE FIGURES ARE KNOWN THE CBI WILL RELEASE A MARKET RATE. WE ARE LITERALLY IN THE BEST WINDOW EVER AND EVEN [THOUGH] THERE ARE NO DATES OF TIMING KNOWN IT IS FOR CERTAIN THEY ARE NOW TRYING TO GET THE RATE SET SO THEIR COUNTRY AND ECONOMY CAN MOVE FORWARD. [post 2 of 2]
11-6-2014 Intel/Newshound Guru Poppy3 IT IS GOING TO HAPPEN BUT THEY ARE STILL POSITIONING FOR SUCCESS. I EXPECT THE MANEUVERING TO COVER THE BALANCE OF PAYMENTS ON ALL THE 2014 BUDGET THAT THEY CAN'T COVER AND ARE USING A DESPERATE ATTEMPT TO COVER THESE PROJECTS WITH A BOND SALE. THE REST TO BE DETERMINED AND MOVED TO THE 2015 BUDGET AND AT THIS TIME THEY AREn'T SURE HOW MUCH THEY ACTUALLY NEED AT THIS TIME. [post 1 of 2....stay tuned]
11-6-2014 Intel Guru TerryK WAS TOLD THIS MORNING THAT OUR BLESSING IS THIS WEEKEND...IM HOPING THEY ARE CORRECT. I SEE ALOT OF ACTIVITY AND THAT THE HCL...IS ON THE AGENDA...SO REALLY KINDA EXCITING. [do you think...maybe right before forex closes friday so rate can't move for a few days?] HONEST IM THINKING TONIGHT MAKES THE MOST SENSE. BANKS IN IRAQ ARE CLOSED TOMORROW. WELL THEY ARE CLOSED NOW BUT WILL REOPEN EITHER SATURDAY AFTERNOON OR SUNDAY MORNING FIRST THING.
11-6-2014 Newshound Guru Aggiedad77 the HCL does appear to be HOT....like a potato...Watch the meeting between Baghdad and the Kurds today...can they bring unity that will usher in the HCL in full agreement...honestly in my opinion....doubtful in just one day...but let this day be the beginning of more good things yet to come...this government is trying to right 8 years of wrong and terrible things...it won't happen overnight.
11-6-2014 Newshound Guru Millionday THEY ARE SAYING HERE THAT THE HCL ARRIVED IN PARLIAMENT LAST WEEK. THE HCL IS HUGE FOR ONE OF THE OIL PRODUCING COUNTRIES AND THE HUGE % OF THEIR REVENUES THAT OIL IS -- FINALLY IT HAS ARRIVED TO PARLIAMENT -- WHOOOPOW.
11-6-2014 Newshound Guru Aggiedad77 Well a quick sort through some of the news today... I think the Iraqis have some good things in the works today...eyes on Erbil for the time being to see what happens in their discussions on oil and gas issues and agreements...can you spell HCL?...
11-6-2014 Newshound/Intel Guru BGG Market rate down to 1198 this AM!! well within IMF guidelines. [What is the significance of the market rate being lower?] It just displays them being in full compliance with IMF - as of now...which is big (of course). 1198 is the market rate - as listed on the CBI website... not the rate listed on the "currency convertors".
11-6-2014 Intel/Newshound Guru tman23 the Arabic side of the CBI site...is filled with CBI announcements for Iraqi's...there is no doubt that they are on the move with their currency reform...all the banks are electronically connected and operating...They are way further along than led to believe through media and their chamber of commerce is on overtime/overtime...
11-6-2014 Newshound Guru Millionday [ I have seen a post...that the RV happened on Friday, and exchanges are quietly going on. That the rate is live, and the banks can see it at $3.58. Any response to these posts?] CBI HAS IT AT 1166. NO ONE KNOWS WHEN IT IS AND HOW MUCH THE RATE CHANGE MAY BE BUT IRAQ AND IT WILL NOT BE A SECRET AT ALL -- IT WILL BE ALL AT THE SAME TIME -- A RATE OF A CURRENCY IS SHOWN EVERYWHERE -- THERE ARE CURRENCY INVESTORS EVERYDAY IN THE MARKET -- AND IT IS NEVER A SECRET BEHIND THE SCENES -- IT WILL SHOW EVERYWHERE.
11-6-2014 Intel Guru TNT Tony [via Adept1] The coins are out, the RV is in process, they are being publicly challenged as to why this is not out yet…? We are coming up. Banks are saying its so public in the banking system that they cannot keep holding it back. [Has a new date been proposed?] Yes, but we don’t know when it will actually come out. I’m not thinking January! I hope it doesn’t even wait until this weekend! The rates are there – 3.58 [Dinar] and 1.02 [Dong] or something close to that...They could come out differently, or they could come out just like that. We are in a good spot – this is ready to go, everyone is in position at all levels, and everything has been done.
11-6-2014 Newshound Guru Kaperoni Article: "The private sector contributes to increase the value of the dinar" Quote: "indicating that it is an urgent necessity, especially that the country is entering a high volume of exports of V.odaa Baidhani at the conclusion of his speech to the revaluation of the Iraqi dinar and the increase its purchasing power because of its profound impact on the development of economic reality and the granting of additional currency strength enhance confidence between the currency markets in the world..." ...this expert is saying the CBI has done a great job over the years stabilizing the currency as a requirement (IMF Article XIV) during these difficult development times...and now that the economy is on the verge, the CBI needs to follow the plan and raise the value of the dinar (IMF Article VIII). This is such a super article I am standing up in excitement! Very exciting times.
11-6-2014 Intel Guru DC [via Adept1] The CBI has been held hostage by the US but are now scrolling on television that the currency reforms are in process. There are a lot of very frustrated people asking what the heck is going on because of all the different rates. The coins are being given out, and people don’t understand why because they will not be useful until the RV is public throughout the entire system. Iraq is 100% ready. Good old US of A is who we are waiting on. The UST, IMF and BIS are gearing up for the public reveal. They did exchange quite a few people from Friday evening to last night. It was a mix of contract and international rates. We are told that the banks have paused for a few hours, getting ready for the rush after the public announcements. Everyone is prepared and ready to go NOW. We cannot be specific because we’ve been told there are several windows...we are just waiting on those time lines.
11-6-2014 Newshound Guru Millionday Article quote: "The Director of the Office of the Prime Minister Mahdi Keywords, Center Brief, that the economic reform plan to the government, will emerge during the next two months." THE ECONOMIC REFORM WILL EMERGE WITHIN THE NEXT TWO MONTHS THIS REPORT STATES -- AND IT WAS WRITTEN ON OCT 1ST. 11-5-2014 Intel Gurus Frank26 & Delta [via BulldogFord65] ...an article posted today [Tuesday] about Vietnam’s credit rating being increased; in our opinions, the IQD will spearhead the increase of some other currencies, and in our opinion, the IQD will go first.
11-5-2014 Newshound Guru Kaperoni Article: "Coins put on the market" Quote: "...the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes..." Good news for sure..but again...we need the laws. IMO we will never care..since Article VIII and new Exchange Regime will come before any release of coins.
11-5-2014 Intel Guru Frank26 [how much longer can they hide this from us?] It's like a FIRE CRACKER that has been lit...Thrown but we do not hear nor see the EXPLOSION yet.
11-5-2014 Intel Guru Delta [via BulldogFord65] About 3 - 4 weeks ago the people on Kirkut were paid, and mostly in LD’s, including the 250 note; again, this is another indication of how close we are, IMO – at the program rate of 1166, the 250 note is essentially worthless, so why bother?
11-5-2014 Newshound Guru Stryker OIL & GAS LAW, AMNESTY LAW, 2014 - 2015 BUDGETS...I point these out because they show that there is an urgency in passing the laws and budget needed by the end of the year that is needed so economic and currency reform can start the first of the year 2015... know that things are moving in the right direction.
11-5-2014 Newshound Guru Adam Montana One article worth noting is this one: "Parliamentarians: Cancel 2014 budget allocations and transfers some to 2015" ...what it's telling me is that this "new" Iraq possibly understands that they are behind schedule on the 2014 budget and in order to move forward they need to kick into a higher gear - the easiest way to do that in regards to the budget is to bump some of the issues straight into the 2015 budget. They say the plan is to do this within the month. Combine that with YET ANOTHER positive article on the HCL that finally lays it out in plain terms: There are FOUR items left to decide on the HCL and then it will be APPROVED... again, we're looking at a very short time before this finally pops! [post 2 of 2]
11-5-2014 Newshound Guru Adam Montana After having been involved in the Dinar for so long, there are a few things that I take for granted these days...one of those things is the knowledge that Iraq NEVER gets anything done on time, and that's actually one of my primary reasons for never giving a "date and rate" type of update. Recently, though... they have proven me wrong a few times, and that started when Abadi came into the picture. I do not think this is a coincidence. In fact, the longer this goes on, the more confident I get that we are finally on the right track. FINALLY! We've seen a ton of progress over the last decade, but compared to the last couple months... we were only in 1st gear then. Since Abadi has came into position, I'd say Iraq has shifted to at least 3rd gear, and is picking up speed! [post 1 of 2....stay tuned]
11-5-2014 Intel Guru EXOGEN THE SHIFT TO THE EAST IS MOVING FULL SPEED AHEAD RIGHT NOW (HINT HINT).
11-5-2014 Intel Guru Bulldog75 WE SAW WHAT HAPPENED LAST NIGHT IN THE POLLS... [do we have to wait until they take office?] YES. 80/20 PROBABILITY THIS WILL GO TO JAN. 2015. I AM A MESSENGER LOOKING AT TRENDS. THE WHOLE SCENARIO BOILS DOWN TO: 1) WHO STANDS TO LOSE? AND WHO STANDS TO GAIN? NOW, FILTER THIS THOUGHT PATTERN THROUGH AND YOU HAVE THE ANSWERS.
11-5-2014 Intel Guru Delta [via BulldogFord65] ...the most significant element of the sale of a small bank in Iraq to a Kuwaiti bank, IMO, is that it was financed through the IFC (International Finance Corp) which is the World Bank; how can this be done unless the IQD is international? Essentially Kuwait was able to purchase the bank based on information and made a transaction that no one else could do as it’s prior to the release of the rate; this will payback Kuwait at a high rate of return when the rate goes public; this is significant information IMO, this shows us how close we are.
11-5-2014 Newshound Guru tlm724 Article: "Parliamentary Oil announces the arrival of the amended version of the oil and gas law to parliament" *hallelujah* Commission will work to resolve these differences to pass the law as soon as possible in preparation for inclusion on the Council's agenda and read and approved.
11-5-2014 Intel/Newshound Guru American Contractor It is an example of why the CBI will in the future create a large category Iraq dinar banknote of 50k and 100k. When this happens, Iraq business will start to use the Iraqi dinar in business transactions. In Iraq, the Iraqi dinar can be converted to any of the major world currencies at any state or private banks. After the conversion from Iraqi dinar to US dollar an Iraqi based company is allowed to repatriate company profits to any financial institution in the world. This has been happening since 2004, after a handful of Iraqi banks had been approved for SWIFT transactions. [post 2 of 2]
11-5-2014 Intel/Newshound Guru American Contractor The CBI, Central Bank of Iraq conducts daily currency auctions where private banks along with several currency exchange money stores convert Iraqi dinar to US dollars. The private Iraqi banks have clients that have a need for US dollars to pay for goods and services because payment in Iraqi dinar is far too cumbersome for Iraq business owners. Imagine having to pay for materials for a prime power station in Iraqi dinar currency. That’s lot of paper! Iraqi business people like to use the US dollars for the simple fact that it is far easier to use and less notes to handle when conducting business. [post 1 of 2....stay tuned]
11-5-2014 Intel/Newshound Guru tman23 Anyone can apply for a smart card or visa card, it is no different than here in regards to direct deposit of paychecks etc...along with cash advances and loans. Some of the older smart cards are being exchanged for the NEW version smart card because they no longer work...the older smart card DID NOT have the capabilities to deduct the zeros! FACT! So now that those older cards quit working 11 days ago or so...and the bank telling people they will be able to use the international card outside Iraq "by the end of the year"...Logic and signs point to monetary change before 2015.
11-5-2014 Intel Guru Frank26 [via BulldogFord65] CH7 is layers, and Iraq is still under CH7 but only for some specific items, however it’s not stopping the MR (Monetary Reform).
11-5-2014 Intel Guru DC RV DID HAPPEN FRIDAY, MANY BANKS HAVE BEEN EXCHANGING SINCE THEN AND DID ALL DAY TODAY, THEY ARE KEEPING IT AS QUIET AS POSSIBLE, BUT YOU CAN'T DO THAT FOR TOO LONG... RATES ARE LIVE AT BANK SCREENS, THEY ARE BEING MANAGED AS TO WHICH LOCATIONS HAVE DINAR AND DONG. 3.58 DINAR, 1.02 DONG IS THE LAST I SAW, BUT HIGHLY SUBJECT TO CHANGE…ZIM, I REALLY DON’T KNOW. I DON’T THINK THE ADMIN WILL HOLD THIS UP ANY LONGER, BUT WE WILL FIND OUT A LOT MORE TOMORROW [WEDNESDAY]…PRESSURE IS VERY VERY HIGH ON THE US. I THINK THE NEXT COUPLE OF DAYS LOOK REALLY GOOD.
11-5-2014 Intel Guru Delta [via BulldogFord65] Regarding the governor of the CBI, at the time that Dr Shabibi left and Turki became acting director, he actually had 2 positions in the CBI, and only 1 formal position is allowed; Turki did not have experience as director, however he did a very good job; when Maliki lost to Abadi, Turki also announced he wished to retire; the CBI is governed by a board, and the head of the board is the governor; Ali al-Alaq is the next in line to succeed, but is not sworn in; the governor does not have absolute power, the power resides in the board...So if there is no governor or he becomes incapacitated, the board still holds power, the governor cannot make unilateral decisions, so this means that regardless of the status of the governor of the CBI, the MR (Monetary Reform) can proceed because power lies within the board.
11-5-2014 Newshound Guru Kaperoni ...there is significant evidence and factual examples why...a LOP is not happening, but an overnight RV is not happening either...we believe the CBI will do what the IMF tells them to do...the 2013 Article IV Consultation...its pretty clear. [See Kaperoni's past posts to see what he DOES believe is happening]
11-5-2014 Intel Guru Frank26 [via BulldogFord65] Turki and Malaki had a fight a couple of months ago inside the GOI and I Team had to intervene to break it up; M was giving Turki direction and Turki refused to follow it; Turki was working with Dr S [Shabibi] and the CBI for the MR [Monetary Reform], and M’s desire was for him not to cooperate. I Team is no longer guarding these individuals which, IMO, perhaps signals that the reason they were guarding these individuals no longer exists – if they were being protected to accomplish the MR, (Monetary Reform) and now they are not being guarded...Perhaps the MR is complete? I Team emphasized that the lack of a formally sworn-in CBI governor is not the reason we did not see the rate during October... 11-4-2014 Intel Guru TerryK GOT A CALL SAYING WED NIGHT...NOT WED MORNING...TREAT AS RUMOR OF COURSE. IM HEARING THE SUCKER RATE MAY HAVE GONE UP TO THE RI RATE AGAIN. [must be close, imo?] WHAT IM HEARING IS DAMN CLOSE.
11-4-2014 Intel/Newshound Guru tman23 No financial information out of Iraq...They are concluding ceremonial celebrations today... Info from Iraq "head port" is there is no information from the government available on the salary increases... Many Iraqi's inquire daily and are aware of the retroactive pay promised by the GOI...The pay distributed yesterday was for the 10th month...There is chatter among the people that the IQD will increase 40% and the government will use the increase as benefit to the pay scale...???!!??! Explained he receives 2, 650,000 IQD per month in commissions...and this would be worth 3,312.5 usd...saying the chatter is 1.25 IQD rate...But this is all chatter and rumor among them...they are all in the dark...There has been NO FUNDING yet by the government for payments in social security accounts. Nothing wrong with 1.25 if we get to keep the 3 zeros on the note during exchange.
11-4-2014 Newshound Guru Millionday [some say they are waiting for our elections to finish...] I DISAGREE ON THE ELECTIONS -- THEY ARE WAITING ON THE MONETARY POLICY TO GET DONE AND THE LAWS PASSED -- WE ALSO HAVE THE MEETING WITH THE WORLD BANK.
11-4-2014 Intel Gurus TNT Tony & DC [via Already Blessed] we could be going for our currency exchange on Wednesday thru Friday. We are sitting on pins & needles waiting for updated information.
11-4-2014 Newshound Guru tlm724 ...the cabinet noted that within the next 2 weeks the government oversight electronic system will be up and running. talk about everything coming together! the system will enable the GOI oversight of all the national and regional projects, from conception to completion. no more stealing the money, no more dilly dallying. its' a New Iraq!
11-4-2014 Intel/Newshound Guru tman23 THE WHOLE IQD SPECULATION REVOLVES AROUND THE 3 ZEROS...The CBI can play the cat and mouse game only until they go international...THEN they will have to be completely transparent with their currency...The banks are telling everyone the cards will be activated for use outside Iraq by end of the year...So we are in a time frame to know!
11-4-2014 Intel/Newshound Guru Poppy3 ...NO DONG RV TILL 14 TO 18 MONTHS AFTER DINAR AND RATE .03 CENTS TO A NICKLE.
11-4-2014 Newshound Guru Stryker This is the week that the CoM will be getting everything prepared for parliament review next week so don't look for major events to take place until then. UPDATE ON ISX - NOT INTERNATIONAL YET BUT THEY ARE GETTING CLOSER. Parliament this week is waiting on the CoM to get the 2014/2015 Budget ready, the Banking Acts ready and the other stalled Laws for the upcoming parliament sessions.
11-4-2014 Newshound Guru My Ladies THEN THE LAST STEP, WHEN ALL THE COMPUTERS ARE DONE TALKING AND THE DATA IS LOADED, THE ALGORITHM WILL MOVE TO WHAT IS CALLED ACH LEVEL AND AT THAT POINT IT WILL HAVE COMPILED THE APPROPRIATE DATE TO APPLY IT TO THE AFOREMENTIONED FORMULA AND THE RATE WILL BE SENT IN NANO SECONDS JUST LIKE AN EMAIL TO EVERY P.O.S. OR BANK AROUND THE GLOBE. THIS IS A PROCESS! AND REMOVED FROM HUMAN HANDS ON PURPOSE. NO MANIPULATION POSSIBLE AND WHILE THE INITIAL PROGRAMER HAS AN IDEA EVEN HE DOES NOT HAVE AN EXACT DATE! [post 3 of 3]
11-4-2014 Newshound Guru My Ladies THINK OF IT LIKE THIS, HOW LONG DOES IT TAKE FOR THE BASIC OPERATING SYSTEM OF YOUR HOME COMPUTER TO BE DEFRAGMENTED? HOW ABOUT IF YOU WERE CHANGING YOUR OPERATING SYSTEM ALL TOGETHER? WELL NOW MULTIPLY THAT TIME FRAME MANY TIMES. THE CBI NEEDED TO SEND OUT A SIGNAL TO SEVERAL COMPUTERS AROUND THE WORLD, THEY NEED TO SEND A SIGNAL BACK, THEN THE CBI NEEDS TO SEND DATA, A WHOLE LOT OF DATA, TO ALL THE CENTRAL BANKS AROUND THE WORLD. [post 2 of 3....stay tuned]
11-4-2014 Newshound Guru My Ladies IN OUR OPINION, HERE YOU HAVE IT: Algorithm - Wikipedia: "In mathematics and computer science, an algorithm is a step-by-step procedure for calculations. Algorithms are used for calculation, data processing, and automated reasoning" BY THE VERY DEFINITION, IT IS AUTOMATED. IT IS OUR OPINION THIS PROCESS WAS STARTED AND HAS MANY MANY LAYERS TO COMPLETE. A FORMULA WAS PUT TOGETHER, PARAMETERS WERE SET FOR COMPLETION BASED ON THE ALGORITHM LEARNING, AND A CEILING AND A FLOOR WERE PUT INTO A FORMULA FOR A DESIRED RATE. THIS IS NOT AN EMAIL FORMAT. [post 1 of 3....stay tuned]
11-4-2014 Newshound Guru Kaperoni Article: "Economists: the citizen will remain safe from damage if the government stuck to austerity rational management of money available" Quote: "As he says that the time has come to launch the government's "economic change" and dismantling of barriers to private sector campaign." It's rather amazing all the different entities, agencies, economists, etc...all saying the thing now. Let's hope parliament can accomplish what they are all waiting on.
11-4-2014 Newshound Guru Millionday THIS IS THE LATEST UPDATE OF ISX: THEY HAVE NOT UPDATED SINCE THE MIDDLE OF LAST MONTH ON PRICES AND SAY IT IS BECAUSE OF REFORMS IN ONE PART AND PRICING FEED AND ALSO THAT INTERNATIONAL CROSS BEGAN YESTERDAY FOR CREDIT BANK OF IRAQ.
11-4-2014 Intel Guru Nova [via BulldogFord65] ...this is the first time in the last 25 years that Iraq has the opportunity to exit CH7, but they have to have a tradable currency. CH7 is protecting the dinar at this time, not standing in the way of the dinar.
11-4-2014 Newshound Guru Kaperoni Article: "Iraq looks to maximize its resources away from oil" Quote: "financial Minister, Hoshyar Zebari, on his examination of some actions to maximize the financial resources of the State in the near future in accordance with the legislation which would be endorsed by Parliament for this purpose." Pretty clear...parliament is going to pass the laws soon to activate the market economy!
11-4-2014 Newshound Guru tlm724 Iraq has finally made things right with Kuwait and Kuwait will be the catalyst of change in Iraq for investment, most Middle East countries respect Kuwait and will follow them into the investment arena of Iraq, as well as many other countries. Iraq will be free from their debt to Kuwait and have the full support of all that Kuwait can do for them!
11-4-2014 Intel Guru Frank26 [via BulldogFord65] ...the algorithm has been released and is making its way around the world, but it is a process from east to west; IMO, yesterday morning, the algorithm reached its final destination. Maliki appointed Turki, however he was never officially sworn in, and he’s no longer at the helm of the CBI. I Team says in their opinion, there will be no RI until the new governor of the CBI is sworn in; it appears all is in place to raise the value of the currency, ...teams believe the person is selected and approved, just needs to be sworn in. The 2015 budget has also been passed...the 2014 budget has been used since the beginning of the year...The UN is dealing with the final formalities of lifting CH7. The fils and the 250 notes are out. I Team’s opinion is that there will be an RI – reinstatement to the value in the past (as opposed to Delta’s opinion of $0.25 - $0.35 and IMO $1); I Team said that they still stand on all the information they have given...“any day” and “game over”. 11-3-2014 Intel/Newshound Guru Poppy3 BACK WHEN KUWAIT RV'ED THEY NEEDED DESPERATELY TO BORROW BILLIONS FROM THE WORLD BANK AND HERE WE ARE NOW AND BECAUSE OF ALL THE STOLEN FUNDS AND THE 25% DROP IN OIL PRICES NOW IRAQ IS IN NEED OF BORROWING FUNDS. NOW WHEN THEY RV WILL THEY NEED TO QUALIFY FOR THE LOAN. THIS MEANS THEY, LIKE KUWAIT MAY COME OUT EXTRA HIGH FOR A FEW DAYS TILL THEY QUALIFY AND THEN DROP BACK TO A MEDIAN RATE. I WILL REMIND YOU THAT KUWAIT WENT ALL THE WAY TO 9.00 PLUS DOLLARS FOR 6 DAYS AND ONCE THE LOAN WAS APPROVED AND DOCUMENT SIGNED THEY DROPPED IT DOWN FAST...THAT'S WHAT KUWAIT DID...THAT NUMBER HAS NO BEARING ON POSSIBILITIES JUST THEIR EXAMPLE OF POSSIBILITIES. THIS MAY OR MAY NOT HAPPEN BUT IS SURE FOOD FOR THOUGHT AND ENCOURAGING FOR ALL OF US TO STAY ALERT TO THE NEWS...UP UNTIL ABOUT 1 MONTH AGO WE WHERE NOT AWARE HOW LOW THEIR FUNDS HAD GOTTEN. PAY CLOSE ATTENTION FROM HERE FORWARD.
11-3-2014 Newshound Guru Millionday SO WHAT WE ARE SEEING IS THE ACTUAL LAST STEP AND THE ANNOUNCEMENT THAT THE LEGISLATURE IS ISSUED FOR THE INVESTMENT BONDS /FUNDS. WE HAVE A LOT GOING ON RIGHT NOW AND THE NEXT FEW DAYS SHOULD SHOW HUGE ANNOUNCEMENTS AND ALSO GIVE US A LOT OF INFORMATION. IT IS A VERY EXCITING TIME RIGHT NOW. [post 2 of 2]
11-3-2014 Newshound Guru Millionday THE BANKS AND CBI MADE A PRESS STATEMENT A COUPLE MONTHS AGO THAT STATED THEY WERE READY TO MOVE FORWARD WITH THE RAISE IN THE DINAR VALUE AND ALSO THE RELEASE OF INTERNATIONAL RATES -- THEY STATED THIS WILL BE DONE IN STEPS AND BEGIN WITH THE WORKSHOP THEY HELD THAT DAY -- WE HAVE FOLLOWED THE STEPS AS THEY HAVE ACTUALLY STATED SOME WERE STEPS IN THE BANKING REFORM -- TODAY THEY HAVE STATED THEY ARE PLACING THE LAST THING -THE INVESTMENT FUNDS AND THIS IS BEING DONE BY THE BANKS. [post 1 of 2....stay tuned]
11-3-2014 Intel Guru TNT Tony [via Adept1] Banks got involved this weekend who said they would NOT get involved until this was real. These are banks who already told their exchange centers that this is not happening until January of next year. They brought people in and did a lot of exchanges and continue to do that. What we are looking at is for the elections to happen tomorrow without distractions...If the election goes smoothly tomorrow, then the general public should be seeing it over the weekend. If there is a runoff in January, they may try to keep this money from us until then. We are just waiting. We know people who have exchanged...and we know people who have appointments this afternoon. People are being paid different rates, and there is at least a PLAN to do some publicly this week. The banks are saying it’s live on their screens, and each bank has their own selection of who to get started with. We’re at a really good position and this will be over Wednesday, Thursday or Friday. The election is the main excuse we were given. Iraq says “reform is occurring” so that is no two months down the road. This is a superfantastic week; we are here...
11-3-2014 Intel Guru DC A lot of the UST guys are saying it’s in the IMF and BIS’s hands, but if the UST doesn’t do what it is supposed to do, the US is still blocking it. The responsibility is clearly in the US. There are two camps as to the delay – continue cashing out more folks, possibly including us, allowing us to go through tomorrow, tonight, or Wednesday, or just to hold everyone off until Thursday. However, the rates are live on the screens. Iraq is extremely ready on television, saying the economic reforms are ‘in process’ and all concerns will be addressed in the next few days. Iraqi contractors were paid today at $3.58. My humble opinion is that the slow roll out will continue with the internet folks, which is us, and the other groups will paid in the next few days. [post 2 of 2]
11-3-2014 Intel Guru DC [via Adept1] Friday evening we believed the RV happened; we heard it from many different folks. People started exchanging on Friday night and that continues even today. The VIPs and politically-connected types have gone through. Yes, lots of banks are frustrated and said they will only do this when they can press a button and get real, live credit. All these banks and countries started exchanging on Friday evening. So the general public was supposed to happen this weekend, starting Friday night...on Sunday morning the US declared they wouldn’t move until after the election. “We are allowing the general public, so what’s the problem?” but this is not the general public. [post 1 of 2....stay tuned]
11-3-2014 Intel Guru EXOGEN THEY ARE EVEN MORE UPSET WITH UPPER BANK MANAGEMENT FOR MAKING THEM SEND OUT FALSE INFORMATION TO BANK EMPLOYEES AND THEIR FRIENDS, VIA INTRA OFFICE BANK MEMORANDUMS THAT THE IQD WAS A SCAM. THIS IS FROM ONE OF OUR INTEL PEOPLE WHO BUILT THE WELLS FARGO BANK INFRASTRUCTURE WHEN IT TRANSITIONED FROM MIDAS TO MIDAS PLUS, VIA LONDON AND THE MIDAS GROUP. [What impact will this have...?] NOT OUR ISSUE...BANK HUMAN RESOURCES ISSUE. [post 2 of 2]
11-3-2014 Intel Guru EXOGEN THE AMOUNT OF CURRENCY HOLDERS IN THE USA WILL POSSIBLY DOUBLE OR TRIPLE BY FRIDAY AS IT IS NOW GOING VIRAL WITH BANK EMPLOYEES NATIONWIDE! PEOPLE IN BANK IT DEPARTMENTS NATIONWIDE WHO SENT INTRA OFFICE BANK MEMORANDUMS TO EMPLOYEES THAT THE IQD WAS A SCAM ARE NOW UPSET, AND NOW FEEL LIKE THEY LIED TO THEIR FRIENDS AND EMPLOYEES WHO WORK AT THE BANK, NOW THAT THEY KNOW THE IQD IS NOT A SCAM! [post 1 of 2....stay tuned]
11-3-2014 Newshound Guru Breitling Iraq told everybody what their note count was. Everyone is talking about how Iraq has 79 Trillion Dinar out there…they DON'T have 79 trillion dinar out there…They have Gold, they have foreign currency reserve in US dollars in it and when you add it all up with the NOTE count it adds up to a WORTH of 79 Trillion dinar. But that is NOT the note count of what you and I have--the note count is what you should be watching. They are going to reduce the note count and their reserves are going to go up and then they will buy more gold and silver…their assets are going to get bigger and bigger and bigger but the note count is going to get smaller and smaller and smaller. Each and every note is going to have more and more and more of that wealth. The statements from the ministry of Finance says we want to get it to a buck and then 3 dollars…the Ministry of Planning says we want to get it to a buck and then 3 dollars…the CBI tells them, ok that's what we're going to do. [See Breitling's Posts from 10-29-2014 for note count review]
11-3-2014 Newshound Guru Millionday ...THE GOVERNMENT PROGRAMS THAT ARE VOTED THROUGH ARE INCLUSIVE OF THE DEVELOPMENT OF FOREIGN RELATIONS, TRADE EXCHANGE, AND GLOBAL DEVELOPMENT FOR IRAQ. THIS IS WHAT WE WANT TO SEE HAPPEN BECAUSE IT WILL INCLUDE THE INTERNATIONAL RATES FOR THE GLOBE FOR FAIR TRADE. THIS IS THE ACTIVATION OF THE REVALUE AND THE MOVE TO GLOBAL MARKET THAT THEY ARE DESCRIBING -- THIS IS BEING WORKED ON RIGHT NOW BY THE BANKS OF IRAQ. [post 2 of 2]
11-3-2014 Newshound Guru Millionday THIS IS HUGE - WE HAD A REPORT THAT STATED TWO DAYS AGO THE LEGISLATION NEEDED TO BE IMPLEMENTED AND IT SAYS IN THIS REPORT THAT THE LEGISLATION HAS BEEN ISSUED AND THE BANKS ARE WORKING ON THE MONETARY POLICY AND FINANCIAL REFORM FOR THE COUNTRY. THIS IS WHAT WE ARE WAITING ON BECAUSE THE MONETARY POLICY WILL INCLUDE THE REALITY RATES FOR THE COUNTRY FOR INTERNATIONAL INVESTMENT. [post 1 of 2....stay tuned]
11-3-2014 Newshound Guru Kaperoni Article: "The prospects for cooperation with international financial institutions" Quote: "The center of the government's efforts to implement its program aimed at promoting financial and monetary policies, has become the importance of participation of local commercial banks with international counterparts and the formation of great significance joint investment funds to provide the opportunity for investors to enter the financial, monetary and commercial markets in the country." Clearly the focus is to pick up the pace on implementation of the reforms...and a market economy. Good stuff.
11-3-2014 Intel Guru TerryK I'M HEARING SUCKER RATES STILL APPLY. THEY ARE TO COME OUT AT LIKE 1.24 FOR THE DINAR AND .24 FOR THE DONG. REALLY EXCITING TIMES. I'M WAITING ON A FEW CALLS AS WE SPEAK. HOPING FOR THAT WONDERFUL CALL. [How long do you think the sucker rates will last?] 48 hours. [do you look for it to float up or just jump to the real rate?] I THINK IT WILL JUMP...FAST.
11-3-2014 Newshound Guru tlm724 The market opened the first held under the new trading system "X- stream" after obtaining the approval of the Iraqi Central Bank and the Securities Commission...up and running with the blessing of everyone. Kuwait has stepped up and this shows tremendous confidence! It won't take but a hot minute for others to follow! ...all these bank stocks will increase and it won't take long! Iraq is busting open, not about to, they are!
11-3-2014 Intel/Newshound Guru tman23 Iraq Military paid...Iraq pensions paid...GOI offices paid...Education paid...All funds will be loaded before sundown 11/3 and can be collected at any port...No change in salaries...No retroactive pay etc.!
11-3-2014 Newshound Guru Millionday THEY ARE STATING THAT THEY ARE READY TO MOVE FORWARD WITH CONTRACTS AND FOREIGN INVESTMENT -- THE REFORMS AND LAWS THAT ARE NECESSARY FOR THE CONTRACTS AND MOVING FORWARD... WITH CONTRACTS SITTING AND SOME WORKING - THEY NEED FUNDING AND ALL LAWS AND REGULATIONS AND REFORMS ACTIVATED SO THEY CAN MOVE FORWARD -- THEY ARE DEMANDING IT DUE TO THEIR NEEDS AND COUNTRY`S...SO THEY MUST FEEL AS THOUGH THEY ARE IN A POSITION NOW TO DO SO.
11-3-2014 Intel Guru TerryK WORD ON MY PHONE IS THAT MONDAY MORNING WE MAY SEE SOME NEWS. I HEAR THINGS ARE GOING GREAT IN IRAQ. [any word on the dong?] 1.22 IS WHAT I'M HEARING. [How about the Zim?] GOODBYE TO 6 ZEROS AND .13.
11-3-2014 Newshound Guru Kaperoni Article: "New trading" Quote: "The market opened the first held under the new trading system "X- stream" after obtaining the approval of the Iraqi Central Bank and the Securities Commission." Coordination starting to play a roll here as they all work together to activate the financial side. I believe it was stated a year or so ago that the National Bank of Kuwait was going to act as Iraq's custodial bank for the ISX. Today's test seemed to be a success.
11-3-2014 Newshound Guru Millionday THE HUGE NEWS OF COURSE IS WHAT IS GOING TO HAPPEN WITH THE ISX...TOMORROW [MONDAY] WE SHOULD BE ABLE TO SEE WHAT IS HAPPENING WITH THE MARKET AND IF THEY OPEN -- NASDAQ Was CLOSED ON FRIDAY AND WE HAVE OF COURSE NOT SEEN THEM OPEN OVER THE WEEKEND - WITH THE MAJOR REPORTS WE HAVE ON THE X-STREAM LAUNCH. 11-2-2014 Newshound Guru Aggiedad77 Article quote: "Economists stressed that the Iraq Stock Exchange is successful, compared with neighboring countries..." Boy...do these guys know how to boast...they just get their new exchange system up and running and fully tested and they suddenly think they are the top dog of the show...barking to their neighbors..."Come here for real stock exchange action"...they suddenly see themselves as a role model...inviting others to come and see a true stock exchange in action. This is really good news...they are getting their act together...proving to the financial kingdom of the world they are indeed players to be reckoned with.
11-2-2014 Intel Guru Delta NOT THAT MUCH LEFT..ANY DAY NOW!!!
11-2-2014 Newshound Guru Aggiedad77 These articles about the ISX and the ESX and their testing of their new systems over the past week are of great importance...I believe we will be seeing and hearing more about the use of these systems for them on an international level...and hopefully with a new international rate shortly...don't know when...but it just seems to me they can't be playing with the big dogs and in the big leagues with their program rate...just not very professional of them to attempt to do that...IMO. Keep a watch for more to come on their markets.
11-2-2014 Intel Guru Frank26 [I'm still totally confused. If it is a algorithm that is entered for a currency rate change, why does it take the IQD rate now days to change while other currencies change regular throughout the day in seconds?] ...the algorithm of the IQD's MR [Monitary Reform] is in motion (a function) as the CBI prepares the Governor's Position to be LEGALLY filled ( a function) by the NEW GOI/PARL to use this new rate data. This IS where the GOI and CBI marry on the MR. REGULAR currency functions that You state are not RECIEVING LAYERS of MR DATA at the moment allowing their movements to flow normally...Quickly.
11-2-2014 Intel Guru EXOGEN UN, IMF, World Bank, BIS are rolling the rates out. UST Chase, WF are ready for roll out.
11-2-2014 Intel/Newshound Guru Poppy3 AS IT STANDS RIGHT NOW, ACCORDING TO THEIR OWN ANNOUNCEMENTS THE RATE WILL BE POSTED AND ACTIVE BY JAN AT THE LATEST...AFTER 11 YEARS INVESTED I CAN LIVE WITH JAN OR BEFORE. ALL THE NEWS THIS PASSED WEEK HAS BEEN OUTRAGEOUS. THE CBI ANNOUNCING THE LD'S AND COINS ARE SET TO GO INTO CIRCULATION SOUNDS GREAT AND ALSO TELLS US THEY ARE ABOUT TO RELEASE A RATE...IF NOT, RELEASING THE COINS AND LD'S AS YOU KNOW WOULD BE A ABSOLUTE WASTE. WE DON'T AND WILL NOT KNOW WHEN UNTIL IT IS LIVE AND NO ONE WILL KNOW THAT INFO EARLY. I AM PRAYING THAT WE SEE THIS IN TIME TO HAVE A GREAT THANKSGIVING AND THE BEST CHRISTMAS EVER.
11-2-2014 Intel Guru DC [via wantingfreedom] COINS OUT IN SOME AREAS NOT ALL AREAS. EVERYONE IN EVERY SECTOR IS QUEUED UP ACROSS THE WORLD...EXPECTATIONS ARE VERY HIGH. DO NOT GET HUNG UP ON EXACT TIMES...ALL PARTIES BELIEVE WE HAVE CROSSED A MAJOR LINE WE HAVE NEVER CROSSED BEFORE. THE MAJOR LINE IS THAT COUNTRIES AND BANKS DID NOT BELIEVE THEY WOULD EVER "GET IT TOGETHER ENOUGH" NOW ARE FULLY ON BOARD. NOT GONNA SAY IF TOMORROW [SUNDAY] OR MONDAY, JUST VERY SOON. I THINK IT LOOKS REALLY CLOSE.
11-2-2014 Newshound Guru Millionday THE SYSTEM HAS BEEN LAUNCHED WITHIN THE COUNTRY BUT WILL NOT GO GLOBAL WITHOUT THE REALITY RATES FOR THE GLOBAL CURRENCIES...THIS IS ABSOLUTELY HUGE...UNDERSTAND THAT THE PLACES THAT HOLD THE RATES FOR CURRENCIES WILL ALL AT ONCE SHOW THE RATES FOR THE DINAR WHEN THEY GO GLOBAL AND ALSO KNOW THAT THE LARGEST PRODUCT A COUNTRY HAS IN A MARKET ECONOMY IS THEIR CURRENCY AND THEY WANT TO SELL IT. ONE OF THE PLACES IT WILL SHOW IS THE COUNTRY`S BANK (CBI) ANOTHER IS THE STOCK MARKET AND IRAQ HAS THEIR OWN AS WELL (ISX) -- IT WILL ALSO SHOW IN FOREX--LONDON - AND ANY EXCHANGE SERVICE ETC. [post 2 of 2]
11-2-2014 Newshound Guru Millionday THIS AFTERNOON IRAQ`S ISX LAUNCHED THE X-STREAM AND IT IS SUCCESSFUL AND THE MOST ADVANCED IN THE WORLD. THEY HAVE BEEN TESTING THE OMX PLATFORM OF THE NEW YORK STOCK EXCHANGE AND HAVE COMPLETED THOSE TESTS -- THEY WERE A SUCCESS AS WELL -- THEY PLANNED ON RUNNING THE TESTS WITH ALL STOCK MARKETS UNTIL YESTERDAY AND PLANNED ON LAUNCHING IT TODAY WITHIN THE COUNTRY AND ALL RUNNING HAS BEEN REPORTED AS A SUCCESS -- NOW THEY ARE MAKING SURE ALL THE EMPLOYEES ARE IN PLACE AND TRAINING WAS DONE PROPERLY AS WELL. ...THEY HAVE IT HOOKED UP AND ARE NOW USING EXPERTS THAT ARE THERE TO MAKE SURE THE BUILDING AND EMPLOYEES ETC. ARE READY TO GO GLOBAL... [post 1 of 2....stay tuned] 11-1-2014 Intel/Newshound Guru Poppy3 THERE NEVER HAS BEEN OR WILL BE 800 NUMBERS...I HOSTED FOR LUNCH THE VP OF WELLS, BOA AND SEVERAL OTHER BANK PRESIDENTS HERE AT MY HOME A COUPLE YEARS AGO. THEY ALL INFORMED ME EVERYONE MUST BE TREATED THE SAME OR THE BANKING EXAMINERS WOULD CLOSE THEM DOWN. SO NO MATTER HOW MUCH YOU GOT YOU WILL BE GIVEN THE SAME RATE. DOESN'T MEAN YOU CAN'T NEGOTIATE FEE'S ETC. NO BANKS SAID THEY WOULD HAVE 800 NUMBERS FOR DINAR PURPOSES PERIOD. THEY ALL ALSO STATED THEY COULD NOT MAKE ANY SPECIAL DEALS WITH ANYONE TILL THE RATE WAS OUT AND DINAR WAS TRADEABLE INTERNATIONAL. PEOPLE THINK OR HAVE BEEN LEAD TO THINK THERE WILL BE CROWDS AT THE BANK BUT I AM SORRY LESS THAN 2% OF PEOPLE IN AMERICA OWN DINAR, SO NOPE THERE WILL NOT BE LINES AT THE BANKS MORE THAN A REGULAR FRIDAY PAY DAY.
11-1-2014 Intel/Newshound Guru tman23 [what are u lookin for on the 3rd or 4th just an announcement?] looking for announcement of salaries being paid by the GOI...which will include around 4 billion usd to Kurdistan region...and hopefully an announcement of CBI monetary policy shift.
11-1-2014 Intel Guru Frank26 Unfortunately this algorithm is not a warp speed...But IMO THE TRANSPORTATION of this data has been launched and is coming into formation...From the EAST to the WEST...In the still of a dark night. Goodyear Blimp will not advertise this EVENT...It will simply appear with no fanfare.
11-1-2014 Newshound Guru Millionday CBI HAS ANNOUNCED THEY ARE RELEASING 7 DIFFERENT COINS AND SMALL DENOMS AS THEY PULL IN THE THREE ZERO CURRENCY -- THIS WOULD REQUIRE THE ACTIVATION OF THE NEW PRICES AND ALSO THE TOTAL REFORMS AND ALSO THE RELEASE OF THE INTERNATIONAL RATES BY CBI.
11-1-2014 Newshound Guru Kaperoni There is no #800s, that is all made up BS. When the dinar begins to rise, more than likely we will have to engage with a currency dealer, or some market maker to open a brokerage account. I cannot see cashing at a bank for this currency...at least initially. It is an emerging market currency, highly volatile and banks would want a huge spread to exchange (like 20% or more). So sit tight and forget about what to do..and let this play out. Once the dinar becomes an internationally recognized currency under the IMF Article VIII, we will learn the conditions. And then we all can learn what we need to do to in that regard.
11-1-2014 Newshound Guru My Ladies THIS REFORM IS ON AUTO PILOT. IT IS JUST A PROCESS...WE ARE AT THE TOP OF THE STRETCH! WE KNOW THE PROCESS OF THE MONETARY REFORM HAS STARTED, WE KNOW IT HAS NO CONTROLLER BUT HAS BEEN PROGRAMED FOR SUCCESS AND WE KNOW DURING THE TIME IT IS MOVING AND GATHERING DATA THE GOI AND THE CBI ARE FEVERISHLY GETTING THINGS DONE. SO HANG IN THERE, WE SHOULD BE NEARING THE END NOW. WE HAVE MUCH TO BE SILLY HAPPY FOR AND EXCITED IN MY OPINION.
11-1-2014 Intel/Newshound Guru Poppy3 THE NEWS IS ALL OUT, WE ARE CLOSING IN BUT ITS ON THEIR TIME TABLE...COINS LD'S AND NEW RATE BY OR BEFORE JAN 1, THATS GOOD ENOUGH FOR ME IF THEY DO WHAT THEY SAY.
11-1-2014 Newshound Guru Millionday [alot is happening in your own opinion are we getting close?] YES IT DOES APPEAR TO ME THAT WE ARE CLOSE.
11-1-2014 Intel/Newshound Guru tman23 Kurds arrived in Baghdad today [Friday]...Massoum is in the house also! Hopefully this has to do with the "announcement" that will lead us into the 3rd or 4th (Nov) that we're (i'm) looking for.
11-1-2014 Newshound Guru Kaperoni Article: "CBI is preparing to issue a monetary metal parts" Quote: "the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation." [Very positive.] Yes, it shuts down the articles that said nothing will happen for 5 years and confirms the plan is to start very soon and have it last "up to 5 years". Not to mention the term "gradual" again...sorry RV folks. This is the best thing that could have ever happened...a gradual appreciation because it means that the dinar will retain its value. And as [Guru] Enorrste has stated, the dinar is undervalued so we should see some sort of correction initially and from there a rise in value based on market forces. CBI needs to finish this replacement project to give them solid ground to launch the transition. Orderly exit! Getting exciting.
Read more: http://www.dinarguru.com/#ixzz3IlUQtZEe
10-31-2014 Newshound Guru Enorrste ...I have said numerous times before, Iraq is going to be like the "wild west" was in the second half of the 19th century in America. Investors will flock to Iraq to make their fortunes, and they will need dinars to do their business. Therefore, the demand will grow WORLDWIDE for the dinar quite quickly, in my view. The supply and demand within Iraq itself will be minor: worldwide demand will grow based upon the influx of investment into Iraq. Many articles have come out stating that many countries are already chafing at the bit to get into Iraq. Some have already made strides in this direction, but they are minor compared to what will happen once the currency is recognized worldwide (Article 8 and its protections). KAP [Guru Kaperoni] has shown that the plan is to get laws in place to offer insurance protection for foreign investors. That will probably precede moving to Article 8. I suspect all of this will come to fruition within the next 60 to 90 days, after which the float will begin. ...I suspect, the CBI has been preparing for a true "free" float (this is why they have raised their reserves so high)...
10-31-2014 Intel Guru TNT Tony [via Adept1] The rest of the coins are being released tomorrow, and the rest of the cards have been mailed out; they are ‘fully ready to implement the deletion of the three zeroes. They're looking for one hell of a day tomorrow. The exciting part is that banks that dropped out of the process through frustration, that told their people this wouldn’t happen until next year, those are the people who have re-engaged at this time, including their trained staff, security, etc. They are being briefed and that’s what causing so much excitement at this time. They have come out and said they are absolutely ready, in the CBI and finance ministry. All the side issues have been negotiated and there is a plan to go forward. They have promised that It should be over by this weekend. The weekend plan always sounds good to me.
10-31-2014 Intel/Newshound Guru Poppy3 [do we have any more info on when the ESX goes live?] ALL I HAVE VERIFIED IS THEY ARE ONLY TRADING IN COUNTRY AND VERY LIMITED AND THAT THEY ARE PREPARED TO GO INTERNATIONAL AT ANYTIME BUT MUST HAVE A ACCEPTABLE RATE FIRST.
10-31-2014 Intel Guru DC [via Adept1] Everything looks just amazing...Iraq is ready, running the same things about currency reform on their television in the next few days. Everyone is getting excited in Iraq, and we’re seeing some new articles about removal of zeroes in the next few days. At the UN, they are eager and ready with their NATO partners, pushing to get this done. In DC, the BIS/IMF have been working like dogs to get everyone lined up. They have done their final checks and everyone is happy throughout the world. The banks have done their checks as well...Even the banks who said “Call me when it’s done” are also 100% ready, and that tells me that this is for real. The pressure is immense to get this done.
10-31-2014 Intel Guru TD Look, Iraq is notorious for putting plans out there and then delaying them so we shall see...My contact says EVERYTHING is based on unifying the country and having a uniform, safer environment from which to operate. He says the GOI has their hands full with the war, the economic duress and social problems. Sorry to be a buzz kill BUT my contact indicates there is NO RV/RD/RI scheduled this weekend, November or for that matter the rest of 2014. [post 2 of 2]
10-31-2014 Intel Guru TD I confirmed several points of news & discussion with my Kurdish friend (as always treat all as rumor and do your own diligence). He confirms that the coins WILL BE part of the introduction of the deletion of the zeros program. This actually confirms even more so the LOP to happen as coins will be used in the marketplace along with the new 5, 10, 25 dinar notes. There is NO CONCRETE TIMELINE YET as to when the currency reform will be initiated. As I've outlined before they have crafted all these plans on the blackboard as a two year window of 2015-2016 to INITIATE the program AND as the old and new notes coincide (yes coins introduced) THEN it will take about two years more to pull in and retire all the 3 zero notes. [post 1 of 2....stay tuned]
10-31-2014 Newshound Guru Millionday [what is better for the Iraqs to do , come out with a higher rate or lower rate to control their inflation?] HIGHER. IN THE 90`S THE RATE WAS AROUND 3.22 BUT WE HAVE NO INFO ON THE RATE OR THE DATE. I DO NOT BELIEVE THEY WILL ANNOUNCE THE RATE CHANGE -- IT WILL JUST BE THERE WHEN THE INTERNATIONAL RATES CHANGE -- THEY JUST ANNOUNCED AS WELL FROM CBI THAT THE BANKS HAVE BEEN MAILING OUT THE VISA BANKING CARDS AND THE SMART CARDS ARE OUT AND READY FOR THE REST OF PEOPLE AS WELL. WE ALSO SEE THAT THE REST OF THE STRATEGIC FRAMEWORK WILL BE COMPLETED AND OF COURSE WHAT IS LEFT IS THE MOVE TO A MARKET ECONOMY AND ALL THAT ENTAILS.
10-31-2014 Newshound/Intel Guru BGG I'm not saying this is happening now - I am saying once you see Fils - they will have to be worth more. Period.
10-30-2014 Newshound Guru Adam Montana [...how many laws can parliament vote on at a time? Is it possible that they could act on 2 or 3 laws in the same day, or do they have to take a breather between each of them. And how much time does it take for it to be entered in the Gazette after it is approved.] Theoretically, they can vote and pass as many as they want in a single session - there is no law preventing this. Regarding getting it in the Gazette, I have it on good authority that once these particular items are done and there is an official change in the rate, we will see it published in less than 24 hours.
10-31-2014 Newshound Guru OOTW no new laws at the gazette...we wait. I'm afraid IMHO there's much more to be done...we need some laws and to re order the judicial food chain., that's just my opinion...it will be a while yet me thinks.
10-31-2014 Intel/Newshound Guru Poppy3 WHY THE POSSIBLE DELAY THAT IS BEING DEALT WITH EVERY HOUR RIGHT NOW---THEY HAVE NOT PASSED THE BUDGET BECAUSE UNTIL THEY ANNOUNCE A NEW RATE THEY DON'T HAVE FUNDS TO BACK THE BUDGET. THEIR CONSTITUTION WILL NOT ALLOW THEM TO USE THE RESERVES. THEY HAVE TO REACH AN AGREEMENT ON THE RATE AND STEP BY STEP PROCESS TO USE WHEN THE RATE APPEARS TO FUNNEL THE FUNDING TO THE GOI TO FUND THE 2014 BUDGET. AGREEMENTS CAN BE COMPLETED ANYTIME. STAND BY FOR VICTORY. THIS IS WHY NEWS IS SLOW BUT ALSO WHY ITS ALL PROGRESSIVE AND FINANCE DIRECTED.
10-31-2014 Newshound Guru Enorrste The IMF was quite clear in its recommendation to Iraq: move to a "free float" exchange regime. No where has either the IMF or the CBI talked about a managed float. Therefore, I believe that once Iraq moves to Article 8 and opens the door for the dinar worldwide that adding or removing large notes will be minor in comparison to the basic speculative demand worldwide. Therefore, I see the currency rising quickly... [post 2 of 2]
10-31-2014 Newshound Guru Enorrste While it is true that basic supply and demand for currency within any given economy (Iraq, for instance) can have an affect on the overall value of that currency, there is another factor that is much more important once Iraq moves to Article 8 and the currency is recognized as a valid world currency. That factor is speculation. Speculation in world markets is the primary force that drives its value. Other forces are supply and demand, economic growth, interest rates, and a country's balance of payments situation. It will be speculation, however, that will be the driving force in the case of the dinar, in my opinion. [post 1 of 2....stay tuned]
10-31-2014 Newshound Guru Millionday Article quote: "Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation" CBI IS DONE WITH ALL 7 COINS THEY ARE GOING TO USE AND READY TO RELEASE THEM AND REMOVE THE 3 ZERO CURRENCY ACCORDING TO THIS ANNOUNCEMENT. IT LOOKS LIKE THEY ARE CHANGING THE RATE. WE WILL HAVE TO WAIT UNTIL WE SEE IT -- BUT WHAT PURPOSE WOULD THE COINS AND LOWER DENOMS BE? YESTERDAY THEY ANNOUNCED THAT THEY ARE LAUNCHING THE GLOBAL MARKET LINK TO GLOBAL BANKS AS WELL. KNOW THIS IS HUGE HUGE NEWS. YOU SHOULD BE DANCING IN THE STREETS...
10-31-2014 Intel Guru Frank26 [via BulldogFord65] On Iraqia TV, the CBI announced the monetary reform is done and they are ready to release coins, complete with the Kurdish language; however there are still some things being done, the bank notes with the 3 zeros with the Kurdish language are being distributed. IMO, the coins are utterly worthless at 1166, the only way they have value is if the rate is increased. IMO, it will come out at 1:1, and we have seen the 0.86 rate being held as a test. The increase of the rate may be gradual over a couple of years, and when the float hits a couple of dollars, the rate can take a larger increase. IMO, the rate was released on Sunday as an algorithm, and the evidence is that the Qi card has been used in Iraq.
10-31-2014 Intel/Newshound Guru Poppy3 Quote: "Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities." THE ONLY PROBLEM WITH THAT RATE IS IT DOESNT HAVE ENOUGH VALUE FOR THE PEOPLE OF IRAQ TO GAIN CONFIDENCE IN THEIR DINAR TO STOP USING THE USD. FURTHERMORE IT IS NOT NEAR ENOUGH TO FULFILL THE BUDGET OR TO FUND THE HCL . THESE THREE THINGS ALONE TELLS ME IT WILL BE HIGHER THAN ONE TO ONE. I ALSO POINT OUT ANYONE INVOLVED OR IN THE AUTHORITY TO MAKE THAT CHANGE HAS NEVER SAID A WORD ABOUT 1 TO 1 OR A LOW RATE PERIOD. ONLY PEOPLE MAKING THEIR SUGGESTIONS HAVE ALLUDED TO 1 TO 1 POSSIBILITIES.
10-31-2014 Intel Guru Delta [via BulldogFord65] ...looking at the ISX, they have changed to Xstream, yet as of today they are not trading internationally; however, as of Oct 24, the Arab Federation of Exchange does have the ISX and IQD appearing for the first time – with no rate; everyone is waiting for the rate. IMO, the rate has to change before any implementation of their plans. Representative of the finance committee related that the rate will increase gradually so as not to confuse the Iraqi citizens. IMO, the rate will come out around $0.25 - $0.35 and gradually increase...the CBI is saying they are ready to go now, not a year or two years from now; no matter the rate that it comes out at, it will increase rapidly...within months possibly, and the lower denom coins will roll out in conjunction with the lifting of the 3 zeros – this means the VALUE must increase. [post 2 of 2]
10-31-2014 Intel Guru Delta the information from the CBI which was announced on Iraqia TV; read in Arabic first, and then translated that the CBI is about to introduce the coins, there are 7 coins, and likely the 1 and 2 dinar coins will come out first; IMO, the CBI will gradually roll out the coins as the rate increases. On Iraqia TV, the CBI said they are ready to delete the 3 zeros; the coins are at banks ready for release; the 5 trillion in new notes with the Kurdish language are ready for distribution. ...it will not take 5 years to raise the VALUE, they will take 5 years to pull in the 3 zero CURRENCY; it will still be legal tender, but will be phased out, replaced with the lower denoms as the rate increases. IMO, the rate needs to be on par or higher than Saudi Arabia’s riyal (SAR), and it’s possible, IMO, to see the rate come out at any time. [post 1 of 2....stay tuned] 10-30-2014 Newshound Guru Millionday ...CBI HAS ANNOUNCED THIS WEEK THAT THEY ARE READY TO MOVE FORWARD WITH THE MONETARY POLICY AND REFORMS IN PLACE INCLUDING BANKING REFORMS AND TODAY THEY HAVE THE 7 DENOMS OF COINS READY AND ALSO THE SMALL DENOMS AND STATED THEY ARE IMPLEMENTING THE REMOVAL OF THE THREE ZERO CURRENCY PUT ON THE STREETS 11 YEARS AGO --- THIS SHOULD TAKE ABOUT 4 TO 5 YEARS BEFORE ALL OLD 50S AND SOME OTHER DENOMS TO MAKE IT OFF THE STREETS ENTIRELY SO THIS MEANS THAT THEY EXPECT IT TO TAKE A WHILE FOR ALL TO BE EXCHANGED BUT THIS IS NOT OUR REGULATIONS OR TIMELINE -- THAT IS NOT RELEASED YEY [Back to the old question: Will there be a time limit to turn in our DINAR? How much time do you think we will have to turn in our DINAR?] I WONT GUESS HUN BUT ALL THE REGULATIONS WILL BE GIVEN TO US WHEN THE INTERNATIONAL RATES ARE RELEASED TO THE MARKET...
10-30-2014 Newshound Guru Kaperoni Article: "A member of the parliamentary Balaguetsadah: the project to delete the zeros is ready and needs to be applied five years" ...the new timeline of 5 years may certainly imply a deal was made to manage float it now over that timeline to...1. start the process so a market economy can start. 2. provide adequate time to [stabilize] the country and remove ISIL. Time was clearly wasted. Let's all hope they are on the fast track now to correct some of this.
10-30-2014 Intel Guru Okie_Oil_Man GOOD THURSDAY EVENING AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS...TODAY AS YOU WILL FIND OUT IN THE FUTURE (IF YOUR PRIVIED) THE PARAMOUNT SIGNIFICANCE OF THE MAGNITUDE OF ACCOMPLISHMENTS MADE ON ALL OUR BEHALF LAST NIGHT AND TODAY. IT PRESENTLY APPEARS THAT OUR LANDING IS VERY IMMINENT WHEREAS BEFORE WE JUST GOT A WAVE OFF AND HAD TO CIRCLE AROUND AGAIN DUE TO CHANGES MADE IN PROTOCOLS AND PROCEDURES...BARRING ANY CHANGES I HOPE TO ATTEMPT ANOTHER APPROACH IN SHORT ORDER. I HAVE NOT BEEN GIVEN LANDING INSTRUCTIONS BUT I HAVE CROSSED THE OUTER MARKER. LETS PRAY A.T.C. DOESN'T CHANGE THEIR MIND TONIGHT AS THINGS LOOK EXTREMELY PROMISING PRESENTLY.--NUFF SAID
10-30-2014 Intel/Newshound Guru tman23 Many Iraqi's are displaced outside the country and unable to collect their pensions etc...They are signed up to be paid on the Qi card but the card only works in Iraq ...Qi is telling all customers that "by the end of the year" the card will be able to be used at ATM's over 500,000 terminals world wide. NOW give this some thought....... If the Iraqi is paid say 1,600,000 dinars per month and Iraq RV's this person would be cleaning out ATM's in Turkey , Jordan etc..... Not to mention a major part of the population would leave Iraq for safe havens...If they remove the zeros first then go 1-1 not much changes...The debate in Parliment has been a deficeit of 50 billion and the argument is to cut it down to 14% (12 billion)...The interesting part is these figures 12 billion would be the amount including raises which figures in to a 1-1...and 50 billion figures close to 3.4...Some may argue that these figures have nothing to do with RV or CBI...But it works!
10-30-2014 Newshound Guru Adam Montana [It has been said that no RV can happen until the 2015 budget is passed? Do you agree with this?] I agree only because it is possible to get both things done at the same time. HOWEVER, it's important to understand that if they pass a budget today and RV tomorrow, we would likely see a NEW budget the following day...but honestly, at that point...who cares?! [What are your contacts saying about HCL is complete or not?]
It is not officially complete yet - but that's not to say we won't see it in the news today or tomorrow.
10-30-2014 Newshound Guru Millionday Article quote: "Concluded yesterday evening events Baghdad International Fair Bdorth 41 amid the presence of a striking and distinct different companies represented twenty Arab and foreign countries." THE REASON THEY WERE AT THE TRADE EXPO/FAIR WAS TO DEFINE ALL THEY OFFER FOR THE INTERNATIONAL COMPANIES TO COME IN AND USE THEIR BANKING TO BOOST REVENUES -- THEY ALSO ARE NOW WORKING TO MAIL OUT VISAS TO ALL THE IRAQI CITIZENS AND BANK ACCOUNT HOLDERS SO THEY CAN USE THEM IN ALL GLOBAL COUNTRIES OF THE WORLD AND EXCHANGE AT AN INTERNATIONAL RATE. THE ONLY WAY THIS IS POSSIBLE IS WITH EXCHANGE RATES BEING RELEASED AND THEY HAVE TO BE REALITY RATES...ALSO WITH INTERNATIONAL ACCPETANCE.
10-30-2014 Newshound Guru Kaperoni ...the spread is lowering again...the CBI has it down to 1202 which is pretty much top of compliance...2%, but they must hold for 90 days and the CBI has been pretty good since late Aug around 1202-1205 so by end of year, they may be at a point where the IMF would allow the transition and coincidently, the CBI will have replaced a fair share of the worn out dinar...sounds like solid ground to me.
10-30-2014 Newshound Guru Adam Montana [How can a country even think of revaluing their currency when there is such disruption within their borders? Is it naïve to think of an immanent RV could happen with the HCL (completion) and the filling of parliament with all the disruption.] IS was definitely a major consideration a month ago - today, not so much. The disruption within their borders may seem like a major deal to us, but for them it's just a way of life. It was no different before the value plummeted to worse than 2000:1, it has already doubled in value since that time in spite of the continued turbulence, and I see no reason to think that they will not continue to increase the value particularly once the HCL and Budget are in place.
10-30-2014 Intel/Newshound Guru Poppy3 TRY AND TELL ALL THE COUNTRIES THAT TOOK DINAR FOR WAR DEBT THAT THEY ARE GOING TO DROP THE 3 ZEROS' FROM THEIR CURRENCIES AND JUST GIVE THEM $25.00 FOR THEIR $25000.00 NOTES...THE WAR WOULD START OVER.
10-30-2014 Newshound Guru Adam Montana [...what you think about the VND doing anything in conjunction With dinar? Or is Vietnam likely to do something on there own?] I think the idea stems from the talk of a "Global Currency Reset". I'm not going to say a GCR is impossible, but I will say it is highly unlikely and the IQD will be revalued based on the rate that the CBI feels it can successfully sustain... which has absolutely nothing to do with the VND. So, to answer your question - nope, the VND and IQD will not be tied together in a change of value.
10-30-2014 Intel Gurus Delta & Frank26 URGENT FROM IRAQIA TV: CBI IS PREPARING TO ISSUE SEVEN SMALL COINS. IT IS IMPOSSIBLE for fils (coins) and LD's (Lower Denominations) to be used at a program rate of 1166 because the currency value would be a negative number. The CBI would first have to introduce a higher rate and have the laws to do this MR via the CBI. AND...The 000's would be lifted in conjunction (at the same time )...In order for the TRUE VALUE to be exposed.
10-30-2014 Intel/Newshound Guru tman23 I am 99.9% positive that Iraq is going to be international with their currency before the end of the year...And a conundrum they face with declining oil prices is a 1-1 revaluation does absolutely nothing for their global import purchasing power. I do believe Nov 3rd -4th we will hear an announcement out of Iraq and it will show some type of monetary shift.
10-30-2014 Newshound Guru Adam Montana [ I read an article today that stated Iraq would use a 1-dinar note which consisted of 1000 old dinars and a 5-dinar note which consisted of 5000 old dinars. they did state it was a "lop". If this is true, what does this mean for our value?] That situation is indeed a "lop", which is a 0-sum event BUT would cost the country of Iraq a LOT of money... I just don't see it happening at this time.
10-30-2014 Intel Guru TD Keep in mind once Iraq enters the international marketplace it is subject to domestic and international market forces which can allow a rise or fall in a country's rate. All currencies are pegged against each other due to their "strength" and "weaknesses". Any kind of "bad news" (market jitters) can put pressure on the rate as well... I wholeheartedly disagree that it will be pegged anytime soon to the dollar on equal par (1-1). It's not sound economics for a country in turmoil trying to find it's identity to take such a gamble and devastate it's economy. What the LOP does show us is it eliminates the rumors of 10,000, 100,000 % (or more) return on investment as some have deemed as "probable' and "likely to occur:". IT WILL NOT HAPPEN. [See Guru Breitling's post from 10-29-2014 and Guru Adam Montanta's 10-30-2014 post for a different take on this article] [post 2 of 2]
10-30-2014 Intel Guru TD [So TD you are saying with great certainty that next year we will see a LOP, are you also saying there will be no rate increase?] No, I am not. I'm now certain as I could ever be that the Abadi administration is on board with the LOP. Recent articles have been backing up their stand going into 2015 and the 4 year time limit they've set out as a goal to complete currency reform. The article (the other day) [See Guru Breitling's different take on this article on 10-29-2014] CLEARLY laid out their intent to remove the zeros FROM the notes themselves which was never (that I have seen before) so EXPLICITLY spelled out even citing examples, i.e 5 dinars = 5,000 (old dinars), etc. It is very true that through the history of this endeavor some dinarians have already seen gains of 20% or more. Can we realistically see another 10-20% gain by them eventually raising their citizens purchasing power and a gain for us investors: ABSOLUTELY!! ( AND I CERTAINLY HOPE SO !!) [post 1 of 2....stay tuned]
10-30-2014 Newshound Guru Millionday ...PARLIAMENT AND THEIR AGENDA TOMORROW [THURSDAY] -- THEY WILL BE ADDRESSING THE BUDGETS FOR ONE THING AND HOSTING ABADI AND FINANCE MINISTERS. THE MINISTER OF PLANNING WILL BE THERE AS WELL AND WILL BE PART OF THE WORK ON THE FINANCIAL PROGRESS. ...WE SHOULD EXPECT THE COMPLETION OF THE BUDGET WITHIN DAYS AND ALSO THE HEADS OF ALL COMMITTEES IN PLACE FOR THE MOVE ON DEVELOPMENT. WE HAVE A DEADLINE FOR THE PLACEMENT OF THE COMMITTEE HEADS -- THURSDAY...
10-30-2014 Newshound Guru Adam Montana [ I have not seen anything about Iraq going to Article VIII. We have read that the ISX was to go live on Oct. 26th. As long as they are LIVE, don't they need to release a REAL RATE?] The "real" rate at this time is 1166:1. Whether it changes or not is up to the CBI, not Article X or anything else.
10-30-2014 Intel Guru Mnt Goat Also there are two articles published by the Iraq finance committee today that they are now going to postpone the RV for yet another 5 years. I find this terribly hard to believe and this message today has to be smoke and mirrors just before they pull this RV trigger. They did the same strategy just before the Kuwait dinar revalued and I believe they are doing it now with Iraq. My contacts are also all still saying possibly this weekend or prior is an excellent window to see the RV. 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]
10-30-2014 Intel Guru Mnt Goat Iraqi progress has been moving forward but still no RV. However I am told there is a definite completion target for Oct 31st and/or the coming days ahead. There is also rumor it may be shifting to yet another window of mid November for RV completion. I take this just as a rumor for now. I am hearing from Iraq CBI and the USA contacts that the needed reforms are all done to satisfaction of everyone and all the parties. I am trying to verify this with some of my other sources just to make sure. I am hearing there is absolutely no holdup. There is a very good window for the RV coming up this weekend. I do not like to predict dates but this is what I am now hearing. It is coming across to me very strong and clear. [post 2 of 3....stay tuned]
10-30-2014 Intel Guru Mnt Goat The budget did not make it to parliament for the Tuesday 10/28 session as promised. The reading of the bill was taken off the agenda. We were not given a firm new date. The needed changes were not yet ready. I am hearing the budget will be ready and will be sent to parliament early next week and will be on the agenda at that time in the next session. The budget is dependent on the RV and the RV is not dependent on the Budget being opened. The RV will happen even if the budget is not ready. Besides, my contacts are now telling me it too is all done and has been read twice and voted on. [post 1 of 3....stay tuned] 10-29-2014 Newshound Guru Kaperoni Article: "A member of the parliamentary Balaguetsadah: the project to delete the zeros is ready and needs to be applied five years" One thing is certain, you do no redenominate over 5 years. ...the market economy will not budge if they do not make monetary reform and open the banking system. That being said, we know the urgency for a market economy in Iraq. So, we can make a reasonable assumption that it will start soon. IMO, the key will be after the CBI feels they have replaced a good number the existing notes with the new "more secure" notes (CBI stated this will be done by end of year). This will give them solid ground to stand on during the transition process (exit Article XIV and move to Article VIII and a new Exchange Regime). And of course parliament must do its part...the laws. It looks to me the CBI is doing everything they possibly can to make this a "orderly exit" and transition. Quote: "calling: the central bank to speed up the issuance of these new currencies in preparation for the implementation of the project to delete the three zeroes from the currency" The replacement of the existing notes is a prerequisite!
10-29-2014 Intel Guru TNT Tony Over the weekend, Iraq did ask for an extension to pass some laws they thought they needed. [Do you think the negotiations are finished?] I think they’ve finished. The banks must believe it, or they wouldn’t be bringing all these people into the banks and walking them through the process. Banks that haven’t been engaged for months have been bringing their people back in. [Will we be at the bank this week?] I never thought we’d get to this week because I know we were supposed to be in the banks last Thursday! The banks had people in, and Iraq told their people this is it – last week! I still think the weekend makes sense, but they could do anything at this point. Everyone is gearing up for now, but they could drag it out for another week, I don’t know. The rate has gone back to $3+, though we don’t’ know for sure where that will come out. [Do you really think we are there now?] Yes, the amount of preparation that’s gone on in the last 48 hours shows that something big is going on.
10-29-2014 Intel Guru DC In the US, everybody...is on blackout in the UST, IMF, law enforcement, in Congressional advisory positions, all the rest – everyone is in a high, intense level of readiness. They are not doing that for fun or because this is weeks off. The banks are on super-standby. [Could this possibly come out in the middle of the night?] Many believe it will come out 2 - 5am. Another large contingent of bankers prefers middle of the day. They have nearly done it many, many times – in both time frames. [Do you really think it will come before this weekend?] I think everyone is cued up for this to go before the weekend, but I get nervous about giving exact times. However, it doesn’t make sense to me that people have been called in and then this doesn’t happen for five or six days. We strongly believe that everyone is on lock down and blackout because they are ready – bankers, law enforcement, security and all the rest. Iraq is extremely ready to get this done. [post 2 of 2]
10-29-2014 Intel Guru DC [via Adept1] Iraq is very ready with great results from their business conferences and the resulting contracts, which are huge. In parliament they had an emergency session to finalize the last laws the US wanted at the last minute. Everything is done. The 2015 Budget is still not 100% done, but we’re not waiting on that either. Most of the world had a rate of $3.58 while the US had $1.18, and now we understand that has been changed back to $3.58 last night. They were using it as a negotiation, as suspected... However, it is just possible that it could come out at $1.18, so have a plan for that, too, just in case. The contract rates are still there, and at least we will have a fighting chance at those like everyone else. The dong, rupiah and zim still have rates attached, but I’m not supposed to say what baskets they are in. [post 1 of 2....stay tuned]
10-2-2014 Newshound Guru Breitling [Referencing Guru TD's controversial post from 10-28-2014] ...So why is someone questioning if they are reducing the notes out of the marketplace? Bull crap they've been doing that for 2 years. There is no reason to pull dinar from the marketplace unless they were going to add value. They were saying what they were going to do and here we are. It was an innocent mistake…I'm not going to beat anybody up. The CBI is telling the whole world what's happening…2 years of evidence…They are getting down to 1 billion notes. What they told everybody…they are going to have the currencies coexist for 3 years. I do know this…people laughed at the ISX…people who did it correctly made fortunes. Since I've got in the dinar…26%. [Post 2 of 2]
10-29-2014 Newshound Guru Adam Montana [I've read a lot of articles about the deleting 3 zeros project...is it this delete 3 zeros project is the RV we're waiting? Or the IQD will RV 1st then they will proceed with the deleting 3 zeros? Because if I'm not mistaken, I have read the news about the Iraqis want to proceed with the approval of HCL first then the budget, which means the HCL will be approved within a few days. So, is it possible to say that if HCL is approved, the IQD will only RV = delete 3 zeros next year?] Regarding the "deleting the 0's", one of two things will happen. 1, they delete the 0's and issue new currency with a mandatory "trade in" of the current notes. If that happens, we don't lose anything, nor do we gain until the value increases...but in that case, we're probably only going to see a 2-3X return. OR 2, they don't delete the 0's and they raise the value on all notes while simultaneously introducing lower denominations. This gives us a much more likely high rate of return on the IQDs we hold, and is a very possible reality especially if the HCL and the Budget are passed as you outlined. In my opinion, scenario 2 is more likely and the "delete the 0's" articles can be ignored at this time.
10-29-2014 Newshound Guru Enorrste Article: "A member of the parliamentary Balaguetsadah: the project to delete the zeros is ready and needs to be applied five years" One article clearly states that they will start the process at the "beginning of 2015." In my view this means that they will begin the float then, and move to article 8 of the IMF. I also personally believe that the currency will rise in value much faster than many people assume, including the CBI, which is giving itself a huge "window" of five years. I see the currency rising consistently until it reaches parity, which could well be over $3, within a year or two at most.
10-29-2014 Newshound Guru Adam Montana Here's the latest: 1. ISIS still not successful in taking Kobane. Between the additional ground forces and the continued air strikes against ISIS in Kobane, I don't expect the terrorists to hold out too much longer. 2. Budget - The budget is still stalled, but if you've paid attention to the news over the last week you probably noticed that a LOT is being brought up about the HCL...in fact, it looks like the two are tied together. Meaning when we see the budget passed, it's possible that the HCL will move simultaneously, and that could be the best possible thing in the world for this venture! *fingers crossed*. 3. GOI - I'm still feeling positive about the new GOI. Abadi is moving things in the right direction, we're hearing less and less about Maliki (just like I figured would happen ), and back to the budget/HCL - things are lining up perfectly.
10-29-2014 Newshound Guru Breitling There are a lot of articles coming out about 2015 and raising the value and a statement someone made. "Deletion of he zeros…Iraq is the latest Arab country to decide to delete the zeros from its currency." [Referencing Intel Guru TD's controversial post from 10-28-2014… NO DISPUTE ANY LONGER WHETHER OR NOT IT WILL BE A LOP! IT WILL!] They have been raising the value of the currency…but it has not been a big jump. For some people the value has gone up 26, 27 28%. In 2013 they started reducing the US dollar within Iraq. They used the dollar to keep the dinar artificially down. They told everybody this that they are keeping it artificially down. Looking forward…an article came out saying 90% of economy oil and 30% US dollars…they had to get rid of this first and then reduce the dinar count. October 2013 they said they were going from 9 billion notes to 6 billion notes. 2014 said they were going to go from 6 billion to 4 billion. 2014 summer accomplished 6 billion to 4 billion notes... [post 1 of 2...Stay tuned for the rest of the lop debate]
10-29-2014 Newshound Guru Mike it is common every 10 years or so for new bills to be printed in an economy and that it is VERY IMPORTANT for the people...to have confidence in their currency. the BUDGET needs to be passed next, be done and put into place so that the banks can loan out money and pass projects (get them going) etc... the C.B.I. needs to add PURCHASING POWER at some point and that the ZEROES Project is a project that is going to happen in different steps...one being adding more value. Things need to be in place before they can add value to the dinar because there are alot of moving parts. Laws need to be passed and the economy moving...it's a process.
10-29-2014 Newshound Guru Kaperoni Article: "Parliamentary committee calls for the central bank to implement deletion of zeros early next year" the exchange rate of the dinar is not going to effect the financial investor on whether or not he should invest...what will is laws and a free market economy! More importantly "freedom of movement of capital" at any exchange rate so profits may be take out of the country in the currency of origin. A countries exchange rate is determined in the foreign exchange market (Forex) based on a countries economic indicators and the Exchange Rate regime chosen by the CBI. If the dinar is undervalued as so many say, it should rise to some level fairly quickly...then stabilize and continue to appreciate based on capital investment, growth, gdp, oil exports, etc.
10-29-2014 Newshound Guru Millionday Article quote: "...Dr. Mahdi Keywords Director, Office of the Prime Minister the government's determination to implement the program, which received unanimous popular and parliamentary and official and international acceptance," THIS IS THE ANNOUNCEMENT OF THE ACTION THEY ARE TAKING TO REFORM AND ENTER TO INTERNATIONAL ACCEPTANCE -- THE FORMAL ANNOUNCEMENT IS TO IMPLEMENT THE ENTIRE GOV PROGRAMS AND ALSO ALL REFORMS... THEY ARE STATING THAT THE PRIVATIZATION OF THE COUNTRY IS BEING ACTIVATED FOR A MARKET ECONOMY. THEY HAVE ALSO ANNOUNCED THAT THEY HAVE ALREADY APPROVED ALL GOV PROGRAMS FOR THE NEXT 4 YEARS AS WELL -- AND THE MEETING WAS AN EMERGENCY FOR THE BUDGET FOR 2014 FOR THIS ACTIVATION. THEY MADE A DECLARATION OF THE ECONOMIC PROGRAM AND ITS HUGE LEAP IN THEIR DEVELOPMENT PROCESS AND THEY ARE VERY EXCITED.
10-29-2014 Intel/Newshound Guru Poppy3 ...NO LOP PERIOD. NUFF SAID.
10-29-2014 Newshound Gurus Bondlady & tlm724 Article: "Parliamentary committee calls for the central bank to implement deletion of zeros early next year" Quotes: "the parliamentary finance committee demanded, the Iraqi Central Bank to apply the project to delete the three zeroes from the currency early next year" demanded! "The present time appropriate for the application of the project, especially since Iraq has returned to the regional and international environment" international level...international level is exactly what Iraq needs, be able to trade that currency and make money, sell long term bonds also as opposed to making money on the auctions, one should replace the other. it was what had to happen for Iraq to raise its value, to be accepted through out the world as a trusted currency and with the new Iraqi government the world has gained a new appreciation for Iraq and its country...internationally traded and accepted, the beginning of what Shabibi said would happen years ago when Iraq got its crap together...well imo they are finally getting there.
10-28-2014 Intel Guru Frank26 [via BulldogFord65] ...Sunday, Oct 26 was the beginning of the lifting of the 3 zeros (or increase of the value); IMO, it’s not in human hands any longer, it’s an algorithm that is traveling globally (data is being transmitted), and last night, evidence of testing was seen in movement of the IQD on certain financial websites...there is evidence that the Qi card was used for the first time also.
10-28-2014 Newshound Guru Kaperoni Article: "Parliamentary committee calls for the central bank to implement deletion of zeros early next year" ...if the plan was some kind of RV or overnight event/staging rate (which may have been the original plan) clearly the three zero dinar would have to be removed prior...which isn't happening since the CBI is in the process of releasing new replacements. You just don't leave those kind of notes on the street.
10-28-2014 Intel Guru Bulldog75 YOUR CE IS STILL ON THE WAY. THAT WILL HAPPEN SOON TO NOW. THE CHINESE ARE IN CONTROL!
10-28-2014 Newshound/Intel Guru BGG [does anyone really believe a private citizen will be able to walk into boa, wfb, etc. and exchange iqn for us dollars any time soon?] I do...or I wouldn't be here.
10-28-2014 Newshound Guru Mailman17 I STILL HAVE NO INTEL ON ANY NOTE OTHER THAN WHATS ON THE ENGLISH SIDE OF THE CBI WEBSITE ACTUALLY BEING USED. PLEASE REMEMBER, MISINFORMATION IS ABUNDANT...THIS WILL BE THE BIGGEST TRANSFER OF WEALTH THE WORLD HAS EVER SEEN, AND WE DINAR HOLDERS ARE MERE GUPPIES IN A POND. ILLUSIONS ARE EXPECTED IN THE END OF THIS RIDE...PLAN ACCORDINGLY... AND LOOK OUTSIDE THE PICTURE ALREADY PRESENTED...JMO. [post 2 of 2]
10-28-2014 Newshound Guru Mailman17 I WAS AWARE OF THE PICTURES OF THE SUPPOSED NEW NOTES PLANNED ON THE ARABIC SIDE OF THE CBI WEBSITE. YET PLANNED AND ACTUALLY IN EXISTENCE ARE 2 DIFFERENT THINGS. THEY ARE STILL NOT RECOGNIZED AS ACTUAL CURRENCY, ONLY PLANNED. THIS IS IRAQ...PLANS CHANGE DAILY. THEY CAN PUT ANY PICTURE UP THEY WANT OR HAVE ANY MP FROM A BLOCK OR COMMITTEE STATE SOMETHING...IN THE END, IT MEANS NOTHING UNTIL IMPLEMENTED. [post 1 of 2....stay tuned]
10-28-2014 Intel/Newshound Guru tman23 The GOI and CBI are preparing for the IQD to be accepted internationally...Who wants to argue that point? But the biggest point to be made is...IF the intent is to remove the 3 zeros across the entire IQD currency spectrum , which would mean LOP and a NEUTRAL event with NO GAINS to be made on the monetary changeover...WHY THE...CAT AND MOUSE GAME WITH ARTICLES OF 2016, 2015, 5 YEARS, 4 YEARS ETC..ETC.. It absolutely makes no sense to confuse your own citizens along with the marketplace which promotes doubt in the IQD all together...so what central bank in the world other then Iraq operates this way? Why be deceptive over a neutral event? WHY? WHY? WHY?
10-28-2014 Intel Guru TerryK [Have you seen where the IQD is trading?] 1137 RIGHT NOW. [ Is that good?] YES. THAT MEANS IT ONLY TAKES 1137 DINAR TO MAKE A DOLLAR INSTEAD OF 1166...NOT MUCH BUT IS A MOVE. [what you hearing?] WE MAY SEE THIS LATE TONIGHT TO WED.
10-28-2014 Newshound Guru Kaperoni Article: "Deletion of zeros!" Quote: "Iraq is the latest Arab and foreign countries decide to delete the zeros from its currency" Does anyone think the CBI would go through the expense to reprint the existing denominations, add security features, educate the citizens and put them in circulation only to redenominate LOP the currency in a few months? Its actually a good article because he is saying a redenomination or LOP is a not a good thing... Clearly this guy is not in support of redenomination. I remind everyone that the CBI is a member of the IMF and the IMF falls under the charter of the UN...the CBI will do what the IMF says.
10-28-2014 Intel Guru TD Article: "Deletion of zeros ! Iraq is the latest Arab and foreign countries decide to delete the zeros from it's currency" Well, the mail is in! Article CLEARLY states their intentions for 2015 and should once and for all put to rest that "deletion of the zeros" DOES NOT mean "pulling these notes from the marketplace". IT DOES NOT! It spells out (VERY CLEARLY) that (a new) 1 Dinar will equal 1000 old dinars, a new 5 Dinar will equal 5,000 old dinars. NO DISPUTE ANY LONGER WHETHER OR NOT IT WILL BE A LOP! IT WILL!
10-28-2014 Newshound/Intel Guru BGG [...where to you think we are at this very moment? do you see things happening before oct 31?] Personally, I am just trying to stay prepared for anything (at any moment). I would hate to inaccurately build some level of expectation. I believe it to still be a good investment.
10-28-2014 Newshound Guru Kaperoni Article: "The return of the controversy regarding the deletion of zeros currency...and application over five years" IMO...until the laws are in place, it makes no sense to start the process. And the CBI does not want to commit until they see that the GOI/parliament has done what it needs to do. Remember, if this plan is to work, investment must come into Iraq. Without it, the currency stalls. ...without the economic and banking laws that are stalled in parliament to transition to a market economy passed, it makes no sense because investment will not come in. You have to create the environment, the right climate and set the stage if you want investment. ...the economic plan that just came out identified 11 significant laws that are stalled for a market economy. Parliament needs to get to work before anything will happen with the dinar.
10-28-2014 Intel/Newshound Guru Poppy3 SAD NEWS BUT A RUMOR, COMING FROM IN COUNTRY SURE MEANS IT IS RUMOR. THEY SAID TODAY THE RUMOR HAS CHANGED FROM LATER THIS WEEK TILL LATER NEXT MONTH. FROM THEM TALKING LAST WEEK THEY WHERE TRYING TO GO LIVE WITH A RATE LATER THIS WEEK. THEY ARE NOW SAYING THE RATE CANNOT BE COMPLETED TILL AT LEAST A COUPLE MORE WEEKS WITHOUT MAJOR ACCOMPLISHMENTS HAPPEN[ING] FASTER THAN EVER. THEY DIDN'T SAY WHY OR WHAT THE HOLD UP IS THAT NEEDS COMPLETING BEFORE THEY CAN GO LIVE WITH A RATE, JUST THAT IT WAS GOING TO TAKE LONGER THAN THEY EXPECTED LAST WEEK. WE WILL WATCH AND PRAY THIS INFO IS WRONG AND THE RATE COMES SOONER RATHER THAN LATER. 10-27-2014 Intel Guru TNT Tony We know the cards were issued. This weekend they changed the international access and also the rate. They have been $3.58, more or less, and Warka Bank is accepting cards internationally, but at the US rate rather than the rate everyone else has. The $3.58 was loaded in the whole international system until the US changed it. We are still in a good position, everything is in a good place. They are still saying Tuesday or Wednesday...we are just waiting now. We thought something would happen this morning, and it’s definitely happening this week.
10-27-2014 Intel Guru TerryK HEARING TUE IS VERY VERY STRONG. LET ME POST THIS: Zurich bonds are definitely trading and the ISX linked up but they are hiding what they are doing. I was also told to watch the SDR rates. And yes it is expected in the same time frame "TUESDAY".
10-27-2014 Intel Guru Nova [via BulldogFord65] ...all of us...want to know when we can take the IQD to the bank and exchange for a profit; however, banks don’t care about the exchange rate, they are looking for the algorithm, the mathematical equation that tells the bank or the vendor what funds are available for the requested transaction; prices are not seen on the ISX because the algorithm is not there yet; the ISX is international but the ISX, banks, vendors, etc cannot settle their business yet in the IQD...the Iraqi banks are ready for the algorithm, we’ve seen branches open outside of Iraq, and they are ready inside Iraq. ...the SDR...it’s essentially a backing basket of currencies that becomes the algorithm that determines the value of the currency; we are witnessing the launch of the new way the world will value currencies going forward, and it all begins with the IQD. IMO, the ISX could trade internationally right now, the only constraint is that legally, they must use only IQD for transactions, so until they have the algorithm they cannot trade internationally.
10-27-2014 Intel Guru DC We are so close! Iraq did have their new Year’s celebration, wanted to get it done, and the US thought something wasn’t done correctly and...They are getting that done as we speak... They are referring to this as ‘only a slight delay’, but everyone’s ready. Iraq is looking for a lot of support from a lot of countries, and they have egg on their face because it didn’t happen Saturday/Sunday. Parliament did NOT read the final reading of the 2015 budget, but that is not an essential part of the RV. It’s on the agenda for tomorrow. A lot of the cards are still showing $3.58, but some international cards are showing $1.18, which is confusing for everyone. In the US, they are still showing around a dollar. In the US, the UN Security Council are not pleased with the US... At the banks, they were geared up and ready...The UST is ready to go as soon as these slight issues are squared away. There is a tight timeline in the next day or two, depending. Everyone is ramping up for it to go.
10-27-2014 Newshound Guru OOTW [so what are we waiting on now?] IMO THAT'S THE MOST IMPORTANT THING WE NEED TO WATCH FOR - IF AND I STRESS "IF" WE NEED MORE LAWS FOR THE RATE TO BE RELEASED/IN COMPLIANCE WITH IMF ART 8. [So we don't know YET, if there are more laws needed to be passed then?] NO WE DON'T KNOW...BECAUSE...WE DON'T HAVE ACCESS TO ALL THE LEGAL REQUIREMENTS GIVEN TO IRAQ BY THE IMF/WORLD BANK, UNDER THE UNAMI MANDATE ETC. IF WE HAD A LIST OF THOSE...THEN WE'D KNOW WHAT TO WATCH FOR - THE IMF ART 8 EXCHANGE REGIME IS DIFF/TAILORED FOR EACH RESPECTIVE COUNTRY, BUT ALSO ADHERES TO BASIC GUIDELINES. RIGHT NOW, TERRORISM REMOVAL AND THE FED COURT ACT...TWO MOST IMPORTANT ASPECTS TO WATCH.
10-27-2014 Newshound Guru Breitling Iraq doesn't need to come out with a new currency to add value to the dinar we have. That is not the key…that is not the mechanism. They are not going to put out a 1 dinar note unless the dinar has a higher value. What was the CBI's promise so the notes coexist with the newer notes? To lower the note count and add value to them. If our notes were not important then you [the CBI] would not need to do that.
10-27-2014 Intel Guru Frank26 IMO, We are done. You see...IMO, it is no longer in human hands...It is now an algorithm. Migrating as I told so many so many years ago...From the E to the W. I am proclaiming the end to our IQD STUDIES together.
10-27-2014 Intel/Newshound Guru Poppy3 ...WE SEE THE ISX DID NOT OPEN TO THE PUBLIC TODAY [SUNDAY] BUT TRADED IN COUNTRY AND CONTINUED TESTING THE SYSTEM. BE AWARE OF UP COMING ACTIONS AND A RATE RELEASE SO THEY CAN GO INTERNATIONAL AT SOME POINT HOPEFULLY DURING THIS WEEK. THEY ARE DESPERATE FOR CASH FLOW AND OUTSIDE INVESTMENTS IN THEIR COUNTRY AND INVESTORS ARE NOT COMING AT 1166 BUT THEY WILL COME WHEN THE DINAR IS WORTH MORE THAN THE DOLLAR.
10-27-2014 Intel Guru TD It's a Oxymoron to say they must increase their rate due to budgetary constraints. HOW? How do you pay for that? And oil today went below $80 a barrel. In addition, the ISX and whatever rate they use is irrelevant in percentage gains and losses. They have already laid out their goals and intentions in recent articles which is a 4 year plan: Deletion of the Zeros program to be started in 2015 (or 2016 as plan B)). THEN their goal is to exchange and retire all the 3 zero notes (estimated to take 2 years)...it's all spelled out pretty clearly what their "HOPE TO DO IS" (GOALS). The wild card in Iraq's case (has been and continues to be so) is actions and progress on the ground. NO ONE has a crystal ball to effectively tell the future, especially Iraq.
10-27-2014 Newshound Guru Millionday [ If iraq is in such dire straits, why have they not moved to do something about monetary reform by now?] THEY HAVE COMPLETELY CHANGED AND REWRITTEN THEIR ENTIRE MONETARY POLICY ECONOMIC REFORM -- POLITICAL REFORM -- ADMINISTRATIVE REFORM -- BANKING REFORM -- I DONT THINK THEY HAVE MUCH LEFT TO DO SOMETHING ABOUT -- THEY HAVE CHANGED TO A DEMOCRATIC COUNTRY AND ALSO CHANGED ALL LAWS TO BE INTERNATIONALLY COMPLIANT. WE ARE THE ONES THAT THINK IT HAS TAKEN A LONG TIME -- I BET BEING FOR AN ENTIRE NATION THEY ARE ACTUALLY IN A HURRY AND WE ARE THE ONES THAT THINK THEY ARE SLOW...
10-27-2014 Intel/Newshound Guru tman23 With governments, deadlines come and go with no resolve...with financial institutions such as banks and stock markets they 99.9% of the time meet time frames because their whole structure is dependent upon investment and performance...So BY THE END OF THE YEAR is a significant statement by these organizations...They are not speaking of a RV but rather being able to do business with Iraq currency internationally. [post 2 of 2]
10-27-2014 Intel/Newshound Guru tman23 Regarding the Smart Card aka Qi Card (key card)...As of now it is NOT accepted outside of Iraq although it is linked to Master Card it is not activated "But will be by the end of the year" once a government announcement is made...One thing appears for certain and that is BY THE END OF THE YEAR for international "trade or use"...at least Qi and the ISX and ESX all have made these statements "by end of the year". [post 1 of 2....stay tuned]
10-27-2014 Intel Guru Mnt Goat What are these items we need to look for? ...they are the HCL, Articles 140 dispute removed, the Judicial Reforms laws, the Law of the Parties and lastly the infamous 2014 Budget. We are being told the revisions are done now for the budget law and they are expected to review it in parliament tomorrow [Tuesday]. ...the RV holdup is not about just the budget, the HCl, the seating the parliament or council of ministers or any one singular event or law. It’s about putting an entirely new “functional” government together as a whole. It’s all coming soon and Iraq is working at warp speed to get it all done. [post 3 of 3]
10-27-2014 Intel Guru Mnt Goat It was interesting to hear of...three laws as their main target now. The first two, that of HCL and the Judicial reforms did not surprise me however the Law of the Parties did. This shows me just how serious the USA is on having Erbil (those 27 reforms) all completed prior to the USA letting any RV go. yes – the carrot is still dangling in front of Iraq and they know they need to move quickly. I also believe the USA and UN are fast tracking them and pushing them to get these laws implemented. My sources are telling me they are targeting now the end of October but personally if we don’t see some critical items this wee, then I am afraid to tell you that we could be looking at instead a mid November window for completion. [post 2 of 3....stay tuned]
10-27-2014 Intel Guru Mnt Goat Iraqi progress is moving forward very rapidly. Their efforts now seem to be focused mainly on three fronts. One is fighting ISIS, another is getting the necessary laws implemented that can create more stability thus support the security side. Lastly the other is a flood of news businesses and contractors now knocking at Iraq’s door. They are writing new contracts like crazy. These are contracts with international companies for reconstruction projects, new housing, tourism, transportation, goods and services. Where is all this money going to come from? Do I smell a currency revaluation in the air? Do they know something we don’t? [post 1 of 3....stay tuned]
10-27-2014 Newshound Guru Millionday THE PEOPLE THAT STATED IT WOULD RV TODAY -- DID NOT KNOW IT ACTUALLY HAS TO GO GLOBAL BEFORE THAT IS A MUST. [so, what is next and is their an indication of when?] CBI IS INDEPENDENT AND IS READY - THE ISX IS HOOKED - WE HAVE A FULL GOI - AND MANY ARE HELPING IN THE WAR ON TERROR - ...AS OF RECENT REPORTS THEY HAVE 75% OIL MARKET AND ARE WORKING ON ARTICLE 112 AND 113 - AND THAT CBI STATED THEY ARE WAITING ON THE TIME TO DO THIS - SO WE WILL WATCH AS THEY FINISH THEIR STEPS AS WE WERE TOLD THEY WERE ACTIVATING THIS IN STEPS PER THE ANNOUNCEMENT CBI. [post 2 of 2]
10-27-2014 Newshound Guru Millionday THE ISX HAS BEEN CLOSED FOR A WEEK TO INSTALL X-STREAM FOR ITS ENTRY TO THE GLOBAL SYSTEM AS ...THEY OPENED BACK UP AT THE IMPOSED RATE AND HAVE NOT RELEASED THE INTERNATIONAL MARKET RATES YET OR GONE GLOBAL -- WHEN THEY GO GLOBAL IT WILL HAVE TO BE WITH A CALCULATED RATE OR PRICE FOR INTERNATIONAL TRADE OF THE DINAR AND ALL IMPORT/EXPORTS OR STOCK MARKET INVESTMENTS. THE SYSTEM CAME BACK UP SUCCESSFULLY AND IS RUNNING WITH NO REPORTED PROBLEMS. THIS IS A HUGE STEP FOR A MARKET ECONOMY AND GLOBAL TRADE AND ALSO CBI HAS STATED THEY ARE READY AND ARE JUST WAITING FOR THE TIMELINE. [post 1 of 2....stay tuned]
10-27-2014 Intel/Newshound Guru Poppy3 ...WE SEE THE ISX DID NOT OPEN TO THE PUBLIC TODAY [SUNDAY] BUT TRADED IN COUNTRY AND CONTINUED TESTING THE SYSTEM. BE AWARE OF UP COMING ACTIONS AND A RATE RELEASE SO THEY CAN GO INTERNATIONAL AT SOME POINT HOPEFULLY DURING THIS WEEK. THEY ARE DESPERATE FOR CASH FLOW AND OUTSIDE INVESTMENTS IN THEIR COUNTRY AND INVESTORS ARE NOT COMING AT 1166 BUT THEY WILL COME WHEN THE DINAR IS WORTH MORE THAN THE DOLLAR.
10-27-2014 Intel/Newshound Guru tman23 No idea who makes the announcement or if announcement is as simple as an action of the government releasing the funds...BUT...If workers are to receive pay retroactive back to Jan 2014 as indicated by the Abadi government...and Ismail (CBI governor) as reported is in all meetings working on the State Budget...then logic would be the CoM meeting Tuesday and the Parliament waiting on deck over the 2014 Budget...AGAIN...all indicators point to November and 11/3 -11/4 being the timeline that we possibly get a real clue on the direction of their plans for monetary change.
Read more: http://www.dinarguru.com/#ixzz3HpHaY9hK
10-31-2014 Intel Guru TNT Tony [via Adept1] The rest of the coins are being released tomorrow, and the rest of the cards have been mailed out; they are ‘fully ready to implement the deletion of the three zeroes. They're looking for one hell of a day tomorrow. The exciting part is that banks that dropped out of the process through frustration, that told their people this wouldn’t happen until next year, those are the people who have re-engaged at this time, including their trained staff, security, etc. They are being briefed and that’s what causing so much excitement at this time. They have come out and said they are absolutely ready, in the CBI and finance ministry. All the side issues have been negotiated and there is a plan to go forward. They have promised that It should be over by this weekend. The weekend plan always sounds good to me.
10-31-2014 Intel/Newshound Guru Poppy3 [do we have any more info on when the ESX goes live?] ALL I HAVE VERIFIED IS THEY ARE ONLY TRADING IN COUNTRY AND VERY LIMITED AND THAT THEY ARE PREPARED TO GO INTERNATIONAL AT ANYTIME BUT MUST HAVE A ACCEPTABLE RATE FIRST.
10-31-2014 Intel Guru DC [via Adept1] Everything looks just amazing...Iraq is ready, running the same things about currency reform on their television in the next few days. Everyone is getting excited in Iraq, and we’re seeing some new articles about removal of zeroes in the next few days. At the UN, they are eager and ready with their NATO partners, pushing to get this done. In DC, the BIS/IMF have been working like dogs to get everyone lined up. They have done their final checks and everyone is happy throughout the world. The banks have done their checks as well...Even the banks who said “Call me when it’s done” are also 100% ready, and that tells me that this is for real. The pressure is immense to get this done.
10-31-2014 Intel Guru TD Look, Iraq is notorious for putting plans out there and then delaying them so we shall see...My contact says EVERYTHING is based on unifying the country and having a uniform, safer environment from which to operate. He says the GOI has their hands full with the war, the economic duress and social problems. Sorry to be a buzz kill BUT my contact indicates there is NO RV/RD/RI scheduled this weekend, November or for that matter the rest of 2014. [post 2 of 2]
10-31-2014 Intel Guru TD I confirmed several points of news & discussion with my Kurdish friend (as always treat all as rumor and do your own diligence). He confirms that the coins WILL BE part of the introduction of the deletion of the zeros program. This actually confirms even more so the LOP to happen as coins will be used in the marketplace along with the new 5, 10, 25 dinar notes. There is NO CONCRETE TIMELINE YET as to when the currency reform will be initiated. As I've outlined before they have crafted all these plans on the blackboard as a two year window of 2015-2016 to INITIATE the program AND as the old and new notes coincide (yes coins introduced) THEN it will take about two years more to pull in and retire all the 3 zero notes. [post 1 of 2....stay tuned]
10-31-2014 Newshound Guru Millionday [what is better for the Iraqs to do , come out with a higher rate or lower rate to control their inflation?] HIGHER. IN THE 90`S THE RATE WAS AROUND 3.22 BUT WE HAVE NO INFO ON THE RATE OR THE DATE. I DO NOT BELIEVE THEY WILL ANNOUNCE THE RATE CHANGE -- IT WILL JUST BE THERE WHEN THE INTERNATIONAL RATES CHANGE -- THEY JUST ANNOUNCED AS WELL FROM CBI THAT THE BANKS HAVE BEEN MAILING OUT THE VISA BANKING CARDS AND THE SMART CARDS ARE OUT AND READY FOR THE REST OF PEOPLE AS WELL. WE ALSO SEE THAT THE REST OF THE STRATEGIC FRAMEWORK WILL BE COMPLETED AND OF COURSE WHAT IS LEFT IS THE MOVE TO A MARKET ECONOMY AND ALL THAT ENTAILS.
10-31-2014 Newshound/Intel Guru BGG I'm not saying this is happening now - I am saying once you see Fils - they will have to be worth more. Period.
10-30-2014 Newshound Guru Adam Montana [...how many laws can parliament vote on at a time? Is it possible that they could act on 2 or 3 laws in the same day, or do they have to take a breather between each of them. And how much time does it take for it to be entered in the Gazette after it is approved.] Theoretically, they can vote and pass as many as they want in a single session - there is no law preventing this. Regarding getting it in the Gazette, I have it on good authority that once these particular items are done and there is an official change in the rate, we will see it published in less than 24 hours.
10-31-2014 Newshound Guru OOTW no new laws at the gazette...we wait. I'm afraid IMHO there's much more to be done...we need some laws and to re order the judicial food chain., that's just my opinion...it will be a while yet me thinks.
10-31-2014 Intel/Newshound Guru Poppy3 WHY THE POSSIBLE DELAY THAT IS BEING DEALT WITH EVERY HOUR RIGHT NOW---THEY HAVE NOT PASSED THE BUDGET BECAUSE UNTIL THEY ANNOUNCE A NEW RATE THEY DON'T HAVE FUNDS TO BACK THE BUDGET. THEIR CONSTITUTION WILL NOT ALLOW THEM TO USE THE RESERVES. THEY HAVE TO REACH AN AGREEMENT ON THE RATE AND STEP BY STEP PROCESS TO USE WHEN THE RATE APPEARS TO FUNNEL THE FUNDING TO THE GOI TO FUND THE 2014 BUDGET. AGREEMENTS CAN BE COMPLETED ANYTIME. STAND BY FOR VICTORY. THIS IS WHY NEWS IS SLOW BUT ALSO WHY ITS ALL PROGRESSIVE AND FINANCE DIRECTED.
10-31-2014 Newshound Guru Enorrste The IMF was quite clear in its recommendation to Iraq: move to a "free float" exchange regime. No where has either the IMF or the CBI talked about a managed float. Therefore, I believe that once Iraq moves to Article 8 and opens the door for the dinar worldwide that adding or removing large notes will be minor in comparison to the basic speculative demand worldwide. Therefore, I see the currency rising quickly... [post 2 of 2]
10-31-2014 Newshound Guru Enorrste While it is true that basic supply and demand for currency within any given economy (Iraq, for instance) can have an affect on the overall value of that currency, there is another factor that is much more important once Iraq moves to Article 8 and the currency is recognized as a valid world currency. That factor is speculation. Speculation in world markets is the primary force that drives its value. Other forces are supply and demand, economic growth, interest rates, and a country's balance of payments situation. It will be speculation, however, that will be the driving force in the case of the dinar, in my opinion. [post 1 of 2....stay tuned]
10-31-2014 Newshound Guru Millionday Article quote: "Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation" CBI IS DONE WITH ALL 7 COINS THEY ARE GOING TO USE AND READY TO RELEASE THEM AND REMOVE THE 3 ZERO CURRENCY ACCORDING TO THIS ANNOUNCEMENT. IT LOOKS LIKE THEY ARE CHANGING THE RATE. WE WILL HAVE TO WAIT UNTIL WE SEE IT -- BUT WHAT PURPOSE WOULD THE COINS AND LOWER DENOMS BE? YESTERDAY THEY ANNOUNCED THAT THEY ARE LAUNCHING THE GLOBAL MARKET LINK TO GLOBAL BANKS AS WELL. KNOW THIS IS HUGE HUGE NEWS. YOU SHOULD BE DANCING IN THE STREETS...
10-31-2014 Intel Guru Frank26 [via BulldogFord65] On Iraqia TV, the CBI announced the monetary reform is done and they are ready to release coins, complete with the Kurdish language; however there are still some things being done, the bank notes with the 3 zeros with the Kurdish language are being distributed. IMO, the coins are utterly worthless at 1166, the only way they have value is if the rate is increased. IMO, it will come out at 1:1, and we have seen the 0.86 rate being held as a test. The increase of the rate may be gradual over a couple of years, and when the float hits a couple of dollars, the rate can take a larger increase. IMO, the rate was released on Sunday as an algorithm, and the evidence is that the Qi card has been used in Iraq.
10-31-2014 Intel/Newshound Guru Poppy3 Quote: "Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities." THE ONLY PROBLEM WITH THAT RATE IS IT DOESNT HAVE ENOUGH VALUE FOR THE PEOPLE OF IRAQ TO GAIN CONFIDENCE IN THEIR DINAR TO STOP USING THE USD. FURTHERMORE IT IS NOT NEAR ENOUGH TO FULFILL THE BUDGET OR TO FUND THE HCL . THESE THREE THINGS ALONE TELLS ME IT WILL BE HIGHER THAN ONE TO ONE. I ALSO POINT OUT ANYONE INVOLVED OR IN THE AUTHORITY TO MAKE THAT CHANGE HAS NEVER SAID A WORD ABOUT 1 TO 1 OR A LOW RATE PERIOD. ONLY PEOPLE MAKING THEIR SUGGESTIONS HAVE ALLUDED TO 1 TO 1 POSSIBILITIES.
10-31-2014 Intel Guru Delta [via BulldogFord65] ...looking at the ISX, they have changed to Xstream, yet as of today they are not trading internationally; however, as of Oct 24, the Arab Federation of Exchange does have the ISX and IQD appearing for the first time – with no rate; everyone is waiting for the rate. IMO, the rate has to change before any implementation of their plans. Representative of the finance committee related that the rate will increase gradually so as not to confuse the Iraqi citizens. IMO, the rate will come out around $0.25 - $0.35 and gradually increase...the CBI is saying they are ready to go now, not a year or two years from now; no matter the rate that it comes out at, it will increase rapidly...within months possibly, and the lower denom coins will roll out in conjunction with the lifting of the 3 zeros – this means the VALUE must increase. [post 2 of 2]
10-31-2014 Intel Guru Delta the information from the CBI which was announced on Iraqia TV; read in Arabic first, and then translated that the CBI is about to introduce the coins, there are 7 coins, and likely the 1 and 2 dinar coins will come out first; IMO, the CBI will gradually roll out the coins as the rate increases. On Iraqia TV, the CBI said they are ready to delete the 3 zeros; the coins are at banks ready for release; the 5 trillion in new notes with the Kurdish language are ready for distribution. ...it will not take 5 years to raise the VALUE, they will take 5 years to pull in the 3 zero CURRENCY; it will still be legal tender, but will be phased out, replaced with the lower denoms as the rate increases. IMO, the rate needs to be on par or higher than Saudi Arabia’s riyal (SAR), and it’s possible, IMO, to see the rate come out at any time. [post 1 of 2....stay tuned] 10-30-2014 Newshound Guru Millionday ...CBI HAS ANNOUNCED THIS WEEK THAT THEY ARE READY TO MOVE FORWARD WITH THE MONETARY POLICY AND REFORMS IN PLACE INCLUDING BANKING REFORMS AND TODAY THEY HAVE THE 7 DENOMS OF COINS READY AND ALSO THE SMALL DENOMS AND STATED THEY ARE IMPLEMENTING THE REMOVAL OF THE THREE ZERO CURRENCY PUT ON THE STREETS 11 YEARS AGO --- THIS SHOULD TAKE ABOUT 4 TO 5 YEARS BEFORE ALL OLD 50S AND SOME OTHER DENOMS TO MAKE IT OFF THE STREETS ENTIRELY SO THIS MEANS THAT THEY EXPECT IT TO TAKE A WHILE FOR ALL TO BE EXCHANGED BUT THIS IS NOT OUR REGULATIONS OR TIMELINE -- THAT IS NOT RELEASED YEY [Back to the old question: Will there be a time limit to turn in our DINAR? How much time do you think we will have to turn in our DINAR?] I WONT GUESS HUN BUT ALL THE REGULATIONS WILL BE GIVEN TO US WHEN THE INTERNATIONAL RATES ARE RELEASED TO THE MARKET...
10-30-2014 Newshound Guru Kaperoni Article: "A member of the parliamentary Balaguetsadah: the project to delete the zeros is ready and needs to be applied five years" ...the new timeline of 5 years may certainly imply a deal was made to manage float it now over that timeline to...1. start the process so a market economy can start. 2. provide adequate time to [stabilize] the country and remove ISIL. Time was clearly wasted. Let's all hope they are on the fast track now to correct some of this.
10-30-2014 Intel Guru Okie_Oil_Man GOOD THURSDAY EVENING AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS...TODAY AS YOU WILL FIND OUT IN THE FUTURE (IF YOUR PRIVIED) THE PARAMOUNT SIGNIFICANCE OF THE MAGNITUDE OF ACCOMPLISHMENTS MADE ON ALL OUR BEHALF LAST NIGHT AND TODAY. IT PRESENTLY APPEARS THAT OUR LANDING IS VERY IMMINENT WHEREAS BEFORE WE JUST GOT A WAVE OFF AND HAD TO CIRCLE AROUND AGAIN DUE TO CHANGES MADE IN PROTOCOLS AND PROCEDURES...BARRING ANY CHANGES I HOPE TO ATTEMPT ANOTHER APPROACH IN SHORT ORDER. I HAVE NOT BEEN GIVEN LANDING INSTRUCTIONS BUT I HAVE CROSSED THE OUTER MARKER. LETS PRAY A.T.C. DOESN'T CHANGE THEIR MIND TONIGHT AS THINGS LOOK EXTREMELY PROMISING PRESENTLY.--NUFF SAID
10-30-2014 Intel/Newshound Guru tman23 Many Iraqi's are displaced outside the country and unable to collect their pensions etc...They are signed up to be paid on the Qi card but the card only works in Iraq ...Qi is telling all customers that "by the end of the year" the card will be able to be used at ATM's over 500,000 terminals world wide. NOW give this some thought....... If the Iraqi is paid say 1,600,000 dinars per month and Iraq RV's this person would be cleaning out ATM's in Turkey , Jordan etc..... Not to mention a major part of the population would leave Iraq for safe havens...If they remove the zeros first then go 1-1 not much changes...The debate in Parliment has been a deficeit of 50 billion and the argument is to cut it down to 14% (12 billion)...The interesting part is these figures 12 billion would be the amount including raises which figures in to a 1-1...and 50 billion figures close to 3.4...Some may argue that these figures have nothing to do with RV or CBI...But it works!
10-30-2014 Newshound Guru Adam Montana [It has been said that no RV can happen until the 2015 budget is passed? Do you agree with this?] I agree only because it is possible to get both things done at the same time. HOWEVER, it's important to understand that if they pass a budget today and RV tomorrow, we would likely see a NEW budget the following day...but honestly, at that point...who cares?! [What are your contacts saying about HCL is complete or not?]
It is not officially complete yet - but that's not to say we won't see it in the news today or tomorrow.
10-30-2014 Newshound Guru Millionday Article quote: "Concluded yesterday evening events Baghdad International Fair Bdorth 41 amid the presence of a striking and distinct different companies represented twenty Arab and foreign countries." THE REASON THEY WERE AT THE TRADE EXPO/FAIR WAS TO DEFINE ALL THEY OFFER FOR THE INTERNATIONAL COMPANIES TO COME IN AND USE THEIR BANKING TO BOOST REVENUES -- THEY ALSO ARE NOW WORKING TO MAIL OUT VISAS TO ALL THE IRAQI CITIZENS AND BANK ACCOUNT HOLDERS SO THEY CAN USE THEM IN ALL GLOBAL COUNTRIES OF THE WORLD AND EXCHANGE AT AN INTERNATIONAL RATE. THE ONLY WAY THIS IS POSSIBLE IS WITH EXCHANGE RATES BEING RELEASED AND THEY HAVE TO BE REALITY RATES...ALSO WITH INTERNATIONAL ACCPETANCE.
10-30-2014 Newshound Guru Kaperoni ...the spread is lowering again...the CBI has it down to 1202 which is pretty much top of compliance...2%, but they must hold for 90 days and the CBI has been pretty good since late Aug around 1202-1205 so by end of year, they may be at a point where the IMF would allow the transition and coincidently, the CBI will have replaced a fair share of the worn out dinar...sounds like solid ground to me.
10-30-2014 Newshound Guru Adam Montana [How can a country even think of revaluing their currency when there is such disruption within their borders? Is it naïve to think of an immanent RV could happen with the HCL (completion) and the filling of parliament with all the disruption.] IS was definitely a major consideration a month ago - today, not so much. The disruption within their borders may seem like a major deal to us, but for them it's just a way of life. It was no different before the value plummeted to worse than 2000:1, it has already doubled in value since that time in spite of the continued turbulence, and I see no reason to think that they will not continue to increase the value particularly once the HCL and Budget are in place.
10-30-2014 Intel/Newshound Guru Poppy3 TRY AND TELL ALL THE COUNTRIES THAT TOOK DINAR FOR WAR DEBT THAT THEY ARE GOING TO DROP THE 3 ZEROS' FROM THEIR CURRENCIES AND JUST GIVE THEM $25.00 FOR THEIR $25000.00 NOTES...THE WAR WOULD START OVER.
10-30-2014 Newshound Guru Adam Montana [...what you think about the VND doing anything in conjunction With dinar? Or is Vietnam likely to do something on there own?] I think the idea stems from the talk of a "Global Currency Reset". I'm not going to say a GCR is impossible, but I will say it is highly unlikely and the IQD will be revalued based on the rate that the CBI feels it can successfully sustain... which has absolutely nothing to do with the VND. So, to answer your question - nope, the VND and IQD will not be tied together in a change of value.
10-30-2014 Intel Gurus Delta & Frank26 URGENT FROM IRAQIA TV: CBI IS PREPARING TO ISSUE SEVEN SMALL COINS. IT IS IMPOSSIBLE for fils (coins) and LD's (Lower Denominations) to be used at a program rate of 1166 because the currency value would be a negative number. The CBI would first have to introduce a higher rate and have the laws to do this MR via the CBI. AND...The 000's would be lifted in conjunction (at the same time )...In order for the TRUE VALUE to be exposed.
10-30-2014 Intel/Newshound Guru tman23 I am 99.9% positive that Iraq is going to be international with their currency before the end of the year...And a conundrum they face with declining oil prices is a 1-1 revaluation does absolutely nothing for their global import purchasing power. I do believe Nov 3rd -4th we will hear an announcement out of Iraq and it will show some type of monetary shift.
10-30-2014 Newshound Guru Adam Montana [ I read an article today that stated Iraq would use a 1-dinar note which consisted of 1000 old dinars and a 5-dinar note which consisted of 5000 old dinars. they did state it was a "lop". If this is true, what does this mean for our value?] That situation is indeed a "lop", which is a 0-sum event BUT would cost the country of Iraq a LOT of money... I just don't see it happening at this time.
10-30-2014 Intel Guru TD Keep in mind once Iraq enters the international marketplace it is subject to domestic and international market forces which can allow a rise or fall in a country's rate. All currencies are pegged against each other due to their "strength" and "weaknesses". Any kind of "bad news" (market jitters) can put pressure on the rate as well... I wholeheartedly disagree that it will be pegged anytime soon to the dollar on equal par (1-1). It's not sound economics for a country in turmoil trying to find it's identity to take such a gamble and devastate it's economy. What the LOP does show us is it eliminates the rumors of 10,000, 100,000 % (or more) return on investment as some have deemed as "probable' and "likely to occur:". IT WILL NOT HAPPEN. [See Guru Breitling's post from 10-29-2014 and Guru Adam Montanta's 10-30-2014 post for a different take on this article] [post 2 of 2]
10-30-2014 Intel Guru TD [So TD you are saying with great certainty that next year we will see a LOP, are you also saying there will be no rate increase?] No, I am not. I'm now certain as I could ever be that the Abadi administration is on board with the LOP. Recent articles have been backing up their stand going into 2015 and the 4 year time limit they've set out as a goal to complete currency reform. The article (the other day) [See Guru Breitling's different take on this article on 10-29-2014] CLEARLY laid out their intent to remove the zeros FROM the notes themselves which was never (that I have seen before) so EXPLICITLY spelled out even citing examples, i.e 5 dinars = 5,000 (old dinars), etc. It is very true that through the history of this endeavor some dinarians have already seen gains of 20% or more. Can we realistically see another 10-20% gain by them eventually raising their citizens purchasing power and a gain for us investors: ABSOLUTELY!! ( AND I CERTAINLY HOPE SO !!) [post 1 of 2....stay tuned]
10-30-2014 Newshound Guru Millionday ...PARLIAMENT AND THEIR AGENDA TOMORROW [THURSDAY] -- THEY WILL BE ADDRESSING THE BUDGETS FOR ONE THING AND HOSTING ABADI AND FINANCE MINISTERS. THE MINISTER OF PLANNING WILL BE THERE AS WELL AND WILL BE PART OF THE WORK ON THE FINANCIAL PROGRESS. ...WE SHOULD EXPECT THE COMPLETION OF THE BUDGET WITHIN DAYS AND ALSO THE HEADS OF ALL COMMITTEES IN PLACE FOR THE MOVE ON DEVELOPMENT. WE HAVE A DEADLINE FOR THE PLACEMENT OF THE COMMITTEE HEADS -- THURSDAY...
10-30-2014 Newshound Guru Adam Montana [ I have not seen anything about Iraq going to Article VIII. We have read that the ISX was to go live on Oct. 26th. As long as they are LIVE, don't they need to release a REAL RATE?] The "real" rate at this time is 1166:1. Whether it changes or not is up to the CBI, not Article X or anything else.
10-30-2014 Intel Guru Mnt Goat Also there are two articles published by the Iraq finance committee today that they are now going to postpone the RV for yet another 5 years. I find this terribly hard to believe and this message today has to be smoke and mirrors just before they pull this RV trigger. They did the same strategy just before the Kuwait dinar revalued and I believe they are doing it now with Iraq. My contacts are also all still saying possibly this weekend or prior is an excellent window to see the RV. 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]
10-30-2014 Intel Guru Mnt Goat Iraqi progress has been moving forward but still no RV. However I am told there is a definite completion target for Oct 31st and/or the coming days ahead. There is also rumor it may be shifting to yet another window of mid November for RV completion. I take this just as a rumor for now. I am hearing from Iraq CBI and the USA contacts that the needed reforms are all done to satisfaction of everyone and all the parties. I am trying to verify this with some of my other sources just to make sure. I am hearing there is absolutely no holdup. There is a very good window for the RV coming up this weekend. I do not like to predict dates but this is what I am now hearing. It is coming across to me very strong and clear. [post 2 of 3....stay tuned]
10-30-2014 Intel Guru Mnt Goat The budget did not make it to parliament for the Tuesday 10/28 session as promised. The reading of the bill was taken off the agenda. We were not given a firm new date. The needed changes were not yet ready. I am hearing the budget will be ready and will be sent to parliament early next week and will be on the agenda at that time in the next session. The budget is dependent on the RV and the RV is not dependent on the Budget being opened. The RV will happen even if the budget is not ready. Besides, my contacts are now telling me it too is all done and has been read twice and voted on. [post 1 of 3....stay tuned] 10-29-2014 Newshound Guru Kaperoni Article: "A member of the parliamentary Balaguetsadah: the project to delete the zeros is ready and needs to be applied five years" One thing is certain, you do no redenominate over 5 years. ...the market economy will not budge if they do not make monetary reform and open the banking system. That being said, we know the urgency for a market economy in Iraq. So, we can make a reasonable assumption that it will start soon. IMO, the key will be after the CBI feels they have replaced a good number the existing notes with the new "more secure" notes (CBI stated this will be done by end of year). This will give them solid ground to stand on during the transition process (exit Article XIV and move to Article VIII and a new Exchange Regime). And of course parliament must do its part...the laws. It looks to me the CBI is doing everything they possibly can to make this a "orderly exit" and transition. Quote: "calling: the central bank to speed up the issuance of these new currencies in preparation for the implementation of the project to delete the three zeroes from the currency" The replacement of the existing notes is a prerequisite!
10-29-2014 Intel Guru TNT Tony Over the weekend, Iraq did ask for an extension to pass some laws they thought they needed. [Do you think the negotiations are finished?] I think they’ve finished. The banks must believe it, or they wouldn’t be bringing all these people into the banks and walking them through the process. Banks that haven’t been engaged for months have been bringing their people back in. [Will we be at the bank this week?] I never thought we’d get to this week because I know we were supposed to be in the banks last Thursday! The banks had people in, and Iraq told their people this is it – last week! I still think the weekend makes sense, but they could do anything at this point. Everyone is gearing up for now, but they could drag it out for another week, I don’t know. The rate has gone back to $3+, though we don’t’ know for sure where that will come out. [Do you really think we are there now?] Yes, the amount of preparation that’s gone on in the last 48 hours shows that something big is going on.
10-29-2014 Intel Guru DC In the US, everybody...is on blackout in the UST, IMF, law enforcement, in Congressional advisory positions, all the rest – everyone is in a high, intense level of readiness. They are not doing that for fun or because this is weeks off. The banks are on super-standby. [Could this possibly come out in the middle of the night?] Many believe it will come out 2 - 5am. Another large contingent of bankers prefers middle of the day. They have nearly done it many, many times – in both time frames. [Do you really think it will come before this weekend?] I think everyone is cued up for this to go before the weekend, but I get nervous about giving exact times. However, it doesn’t make sense to me that people have been called in and then this doesn’t happen for five or six days. We strongly believe that everyone is on lock down and blackout because they are ready – bankers, law enforcement, security and all the rest. Iraq is extremely ready to get this done. [post 2 of 2]
10-29-2014 Intel Guru DC [via Adept1] Iraq is very ready with great results from their business conferences and the resulting contracts, which are huge. In parliament they had an emergency session to finalize the last laws the US wanted at the last minute. Everything is done. The 2015 Budget is still not 100% done, but we’re not waiting on that either. Most of the world had a rate of $3.58 while the US had $1.18, and now we understand that has been changed back to $3.58 last night. They were using it as a negotiation, as suspected... However, it is just possible that it could come out at $1.18, so have a plan for that, too, just in case. The contract rates are still there, and at least we will have a fighting chance at those like everyone else. The dong, rupiah and zim still have rates attached, but I’m not supposed to say what baskets they are in. [post 1 of 2....stay tuned]
10-2-2014 Newshound Guru Breitling [Referencing Guru TD's controversial post from 10-28-2014] ...So why is someone questioning if they are reducing the notes out of the marketplace? Bull crap they've been doing that for 2 years. There is no reason to pull dinar from the marketplace unless they were going to add value. They were saying what they were going to do and here we are. It was an innocent mistake…I'm not going to beat anybody up. The CBI is telling the whole world what's happening…2 years of evidence…They are getting down to 1 billion notes. What they told everybody…they are going to have the currencies coexist for 3 years. I do know this…people laughed at the ISX…people who did it correctly made fortunes. Since I've got in the dinar…26%. [Post 2 of 2]
10-29-2014 Newshound Guru Adam Montana [I've read a lot of articles about the deleting 3 zeros project...is it this delete 3 zeros project is the RV we're waiting? Or the IQD will RV 1st then they will proceed with the deleting 3 zeros? Because if I'm not mistaken, I have read the news about the Iraqis want to proceed with the approval of HCL first then the budget, which means the HCL will be approved within a few days. So, is it possible to say that if HCL is approved, the IQD will only RV = delete 3 zeros next year?] Regarding the "deleting the 0's", one of two things will happen. 1, they delete the 0's and issue new currency with a mandatory "trade in" of the current notes. If that happens, we don't lose anything, nor do we gain until the value increases...but in that case, we're probably only going to see a 2-3X return. OR 2, they don't delete the 0's and they raise the value on all notes while simultaneously introducing lower denominations. This gives us a much more likely high rate of return on the IQDs we hold, and is a very possible reality especially if the HCL and the Budget are passed as you outlined. In my opinion, scenario 2 is more likely and the "delete the 0's" articles can be ignored at this time.
10-29-2014 Newshound Guru Enorrste Article: "A member of the parliamentary Balaguetsadah: the project to delete the zeros is ready and needs to be applied five years" One article clearly states that they will start the process at the "beginning of 2015." In my view this means that they will begin the float then, and move to article 8 of the IMF. I also personally believe that the currency will rise in value much faster than many people assume, including the CBI, which is giving itself a huge "window" of five years. I see the currency rising consistently until it reaches parity, which could well be over $3, within a year or two at most.
10-29-2014 Newshound Guru Adam Montana Here's the latest: 1. ISIS still not successful in taking Kobane. Between the additional ground forces and the continued air strikes against ISIS in Kobane, I don't expect the terrorists to hold out too much longer. 2. Budget - The budget is still stalled, but if you've paid attention to the news over the last week you probably noticed that a LOT is being brought up about the HCL...in fact, it looks like the two are tied together. Meaning when we see the budget passed, it's possible that the HCL will move simultaneously, and that could be the best possible thing in the world for this venture! *fingers crossed*. 3. GOI - I'm still feeling positive about the new GOI. Abadi is moving things in the right direction, we're hearing less and less about Maliki (just like I figured would happen ), and back to the budget/HCL - things are lining up perfectly.
10-29-2014 Newshound Guru Breitling There are a lot of articles coming out about 2015 and raising the value and a statement someone made. "Deletion of he zeros…Iraq is the latest Arab country to decide to delete the zeros from its currency." [Referencing Intel Guru TD's controversial post from 10-28-2014… NO DISPUTE ANY LONGER WHETHER OR NOT IT WILL BE A LOP! IT WILL!] They have been raising the value of the currency…but it has not been a big jump. For some people the value has gone up 26, 27 28%. In 2013 they started reducing the US dollar within Iraq. They used the dollar to keep the dinar artificially down. They told everybody this that they are keeping it artificially down. Looking forward…an article came out saying 90% of economy oil and 30% US dollars…they had to get rid of this first and then reduce the dinar count. October 2013 they said they were going from 9 billion notes to 6 billion notes. 2014 said they were going to go from 6 billion to 4 billion. 2014 summer accomplished 6 billion to 4 billion notes... [post 1 of 2...Stay tuned for the rest of the lop debate]
10-29-2014 Newshound Guru Mike it is common every 10 years or so for new bills to be printed in an economy and that it is VERY IMPORTANT for the people...to have confidence in their currency. the BUDGET needs to be passed next, be done and put into place so that the banks can loan out money and pass projects (get them going) etc... the C.B.I. needs to add PURCHASING POWER at some point and that the ZEROES Project is a project that is going to happen in different steps...one being adding more value. Things need to be in place before they can add value to the dinar because there are alot of moving parts. Laws need to be passed and the economy moving...it's a process.
10-29-2014 Newshound Guru Kaperoni Article: "Parliamentary committee calls for the central bank to implement deletion of zeros early next year" the exchange rate of the dinar is not going to effect the financial investor on whether or not he should invest...what will is laws and a free market economy! More importantly "freedom of movement of capital" at any exchange rate so profits may be take out of the country in the currency of origin. A countries exchange rate is determined in the foreign exchange market (Forex) based on a countries economic indicators and the Exchange Rate regime chosen by the CBI. If the dinar is undervalued as so many say, it should rise to some level fairly quickly...then stabilize and continue to appreciate based on capital investment, growth, gdp, oil exports, etc.
10-29-2014 Newshound Guru Millionday Article quote: "...Dr. Mahdi Keywords Director, Office of the Prime Minister the government's determination to implement the program, which received unanimous popular and parliamentary and official and international acceptance," THIS IS THE ANNOUNCEMENT OF THE ACTION THEY ARE TAKING TO REFORM AND ENTER TO INTERNATIONAL ACCEPTANCE -- THE FORMAL ANNOUNCEMENT IS TO IMPLEMENT THE ENTIRE GOV PROGRAMS AND ALSO ALL REFORMS... THEY ARE STATING THAT THE PRIVATIZATION OF THE COUNTRY IS BEING ACTIVATED FOR A MARKET ECONOMY. THEY HAVE ALSO ANNOUNCED THAT THEY HAVE ALREADY APPROVED ALL GOV PROGRAMS FOR THE NEXT 4 YEARS AS WELL -- AND THE MEETING WAS AN EMERGENCY FOR THE BUDGET FOR 2014 FOR THIS ACTIVATION. THEY MADE A DECLARATION OF THE ECONOMIC PROGRAM AND ITS HUGE LEAP IN THEIR DEVELOPMENT PROCESS AND THEY ARE VERY EXCITED.
10-29-2014 Intel/Newshound Guru Poppy3 ...NO LOP PERIOD. NUFF SAID.
10-29-2014 Newshound Gurus Bondlady & tlm724 Article: "Parliamentary committee calls for the central bank to implement deletion of zeros early next year" Quotes: "the parliamentary finance committee demanded, the Iraqi Central Bank to apply the project to delete the three zeroes from the currency early next year" demanded! "The present time appropriate for the application of the project, especially since Iraq has returned to the regional and international environment" international level...international level is exactly what Iraq needs, be able to trade that currency and make money, sell long term bonds also as opposed to making money on the auctions, one should replace the other. it was what had to happen for Iraq to raise its value, to be accepted through out the world as a trusted currency and with the new Iraqi government the world has gained a new appreciation for Iraq and its country...internationally traded and accepted, the beginning of what Shabibi said would happen years ago when Iraq got its crap together...well imo they are finally getting there.
10-28-2014 Intel Guru Frank26 [via BulldogFord65] ...Sunday, Oct 26 was the beginning of the lifting of the 3 zeros (or increase of the value); IMO, it’s not in human hands any longer, it’s an algorithm that is traveling globally (data is being transmitted), and last night, evidence of testing was seen in movement of the IQD on certain financial websites...there is evidence that the Qi card was used for the first time also.
10-28-2014 Newshound Guru Kaperoni Article: "Parliamentary committee calls for the central bank to implement deletion of zeros early next year" ...if the plan was some kind of RV or overnight event/staging rate (which may have been the original plan) clearly the three zero dinar would have to be removed prior...which isn't happening since the CBI is in the process of releasing new replacements. You just don't leave those kind of notes on the street.
10-28-2014 Intel Guru Bulldog75 YOUR CE IS STILL ON THE WAY. THAT WILL HAPPEN SOON TO NOW. THE CHINESE ARE IN CONTROL!
10-28-2014 Newshound/Intel Guru BGG [does anyone really believe a private citizen will be able to walk into boa, wfb, etc. and exchange iqn for us dollars any time soon?] I do...or I wouldn't be here.
10-28-2014 Newshound Guru Mailman17 I STILL HAVE NO INTEL ON ANY NOTE OTHER THAN WHATS ON THE ENGLISH SIDE OF THE CBI WEBSITE ACTUALLY BEING USED. PLEASE REMEMBER, MISINFORMATION IS ABUNDANT...THIS WILL BE THE BIGGEST TRANSFER OF WEALTH THE WORLD HAS EVER SEEN, AND WE DINAR HOLDERS ARE MERE GUPPIES IN A POND. ILLUSIONS ARE EXPECTED IN THE END OF THIS RIDE...PLAN ACCORDINGLY... AND LOOK OUTSIDE THE PICTURE ALREADY PRESENTED...JMO. [post 2 of 2]
10-28-2014 Newshound Guru Mailman17 I WAS AWARE OF THE PICTURES OF THE SUPPOSED NEW NOTES PLANNED ON THE ARABIC SIDE OF THE CBI WEBSITE. YET PLANNED AND ACTUALLY IN EXISTENCE ARE 2 DIFFERENT THINGS. THEY ARE STILL NOT RECOGNIZED AS ACTUAL CURRENCY, ONLY PLANNED. THIS IS IRAQ...PLANS CHANGE DAILY. THEY CAN PUT ANY PICTURE UP THEY WANT OR HAVE ANY MP FROM A BLOCK OR COMMITTEE STATE SOMETHING...IN THE END, IT MEANS NOTHING UNTIL IMPLEMENTED. [post 1 of 2....stay tuned]
10-28-2014 Intel/Newshound Guru tman23 The GOI and CBI are preparing for the IQD to be accepted internationally...Who wants to argue that point? But the biggest point to be made is...IF the intent is to remove the 3 zeros across the entire IQD currency spectrum , which would mean LOP and a NEUTRAL event with NO GAINS to be made on the monetary changeover...WHY THE...CAT AND MOUSE GAME WITH ARTICLES OF 2016, 2015, 5 YEARS, 4 YEARS ETC..ETC.. It absolutely makes no sense to confuse your own citizens along with the marketplace which promotes doubt in the IQD all together...so what central bank in the world other then Iraq operates this way? Why be deceptive over a neutral event? WHY? WHY? WHY?
10-28-2014 Intel Guru TerryK [Have you seen where the IQD is trading?] 1137 RIGHT NOW. [ Is that good?] YES. THAT MEANS IT ONLY TAKES 1137 DINAR TO MAKE A DOLLAR INSTEAD OF 1166...NOT MUCH BUT IS A MOVE. [what you hearing?] WE MAY SEE THIS LATE TONIGHT TO WED.
10-28-2014 Newshound Guru Kaperoni Article: "Deletion of zeros!" Quote: "Iraq is the latest Arab and foreign countries decide to delete the zeros from its currency" Does anyone think the CBI would go through the expense to reprint the existing denominations, add security features, educate the citizens and put them in circulation only to redenominate LOP the currency in a few months? Its actually a good article because he is saying a redenomination or LOP is a not a good thing... Clearly this guy is not in support of redenomination. I remind everyone that the CBI is a member of the IMF and the IMF falls under the charter of the UN...the CBI will do what the IMF says.
10-28-2014 Intel Guru TD Article: "Deletion of zeros ! Iraq is the latest Arab and foreign countries decide to delete the zeros from it's currency" Well, the mail is in! Article CLEARLY states their intentions for 2015 and should once and for all put to rest that "deletion of the zeros" DOES NOT mean "pulling these notes from the marketplace". IT DOES NOT! It spells out (VERY CLEARLY) that (a new) 1 Dinar will equal 1000 old dinars, a new 5 Dinar will equal 5,000 old dinars. NO DISPUTE ANY LONGER WHETHER OR NOT IT WILL BE A LOP! IT WILL!
10-28-2014 Newshound/Intel Guru BGG [...where to you think we are at this very moment? do you see things happening before oct 31?] Personally, I am just trying to stay prepared for anything (at any moment). I would hate to inaccurately build some level of expectation. I believe it to still be a good investment.
10-28-2014 Newshound Guru Kaperoni Article: "The return of the controversy regarding the deletion of zeros currency...and application over five years" IMO...until the laws are in place, it makes no sense to start the process. And the CBI does not want to commit until they see that the GOI/parliament has done what it needs to do. Remember, if this plan is to work, investment must come into Iraq. Without it, the currency stalls. ...without the economic and banking laws that are stalled in parliament to transition to a market economy passed, it makes no sense because investment will not come in. You have to create the environment, the right climate and set the stage if you want investment. ...the economic plan that just came out identified 11 significant laws that are stalled for a market economy. Parliament needs to get to work before anything will happen with the dinar.
10-28-2014 Intel/Newshound Guru Poppy3 SAD NEWS BUT A RUMOR, COMING FROM IN COUNTRY SURE MEANS IT IS RUMOR. THEY SAID TODAY THE RUMOR HAS CHANGED FROM LATER THIS WEEK TILL LATER NEXT MONTH. FROM THEM TALKING LAST WEEK THEY WHERE TRYING TO GO LIVE WITH A RATE LATER THIS WEEK. THEY ARE NOW SAYING THE RATE CANNOT BE COMPLETED TILL AT LEAST A COUPLE MORE WEEKS WITHOUT MAJOR ACCOMPLISHMENTS HAPPEN[ING] FASTER THAN EVER. THEY DIDN'T SAY WHY OR WHAT THE HOLD UP IS THAT NEEDS COMPLETING BEFORE THEY CAN GO LIVE WITH A RATE, JUST THAT IT WAS GOING TO TAKE LONGER THAN THEY EXPECTED LAST WEEK. WE WILL WATCH AND PRAY THIS INFO IS WRONG AND THE RATE COMES SOONER RATHER THAN LATER. 10-27-2014 Intel Guru TNT Tony We know the cards were issued. This weekend they changed the international access and also the rate. They have been $3.58, more or less, and Warka Bank is accepting cards internationally, but at the US rate rather than the rate everyone else has. The $3.58 was loaded in the whole international system until the US changed it. We are still in a good position, everything is in a good place. They are still saying Tuesday or Wednesday...we are just waiting now. We thought something would happen this morning, and it’s definitely happening this week.
10-27-2014 Intel Guru TerryK HEARING TUE IS VERY VERY STRONG. LET ME POST THIS: Zurich bonds are definitely trading and the ISX linked up but they are hiding what they are doing. I was also told to watch the SDR rates. And yes it is expected in the same time frame "TUESDAY".
10-27-2014 Intel Guru Nova [via BulldogFord65] ...all of us...want to know when we can take the IQD to the bank and exchange for a profit; however, banks don’t care about the exchange rate, they are looking for the algorithm, the mathematical equation that tells the bank or the vendor what funds are available for the requested transaction; prices are not seen on the ISX because the algorithm is not there yet; the ISX is international but the ISX, banks, vendors, etc cannot settle their business yet in the IQD...the Iraqi banks are ready for the algorithm, we’ve seen branches open outside of Iraq, and they are ready inside Iraq. ...the SDR...it’s essentially a backing basket of currencies that becomes the algorithm that determines the value of the currency; we are witnessing the launch of the new way the world will value currencies going forward, and it all begins with the IQD. IMO, the ISX could trade internationally right now, the only constraint is that legally, they must use only IQD for transactions, so until they have the algorithm they cannot trade internationally.
10-27-2014 Intel Guru DC We are so close! Iraq did have their new Year’s celebration, wanted to get it done, and the US thought something wasn’t done correctly and...They are getting that done as we speak... They are referring to this as ‘only a slight delay’, but everyone’s ready. Iraq is looking for a lot of support from a lot of countries, and they have egg on their face because it didn’t happen Saturday/Sunday. Parliament did NOT read the final reading of the 2015 budget, but that is not an essential part of the RV. It’s on the agenda for tomorrow. A lot of the cards are still showing $3.58, but some international cards are showing $1.18, which is confusing for everyone. In the US, they are still showing around a dollar. In the US, the UN Security Council are not pleased with the US... At the banks, they were geared up and ready...The UST is ready to go as soon as these slight issues are squared away. There is a tight timeline in the next day or two, depending. Everyone is ramping up for it to go.
10-27-2014 Newshound Guru OOTW [so what are we waiting on now?] IMO THAT'S THE MOST IMPORTANT THING WE NEED TO WATCH FOR - IF AND I STRESS "IF" WE NEED MORE LAWS FOR THE RATE TO BE RELEASED/IN COMPLIANCE WITH IMF ART 8. [So we don't know YET, if there are more laws needed to be passed then?] NO WE DON'T KNOW...BECAUSE...WE DON'T HAVE ACCESS TO ALL THE LEGAL REQUIREMENTS GIVEN TO IRAQ BY THE IMF/WORLD BANK, UNDER THE UNAMI MANDATE ETC. IF WE HAD A LIST OF THOSE...THEN WE'D KNOW WHAT TO WATCH FOR - THE IMF ART 8 EXCHANGE REGIME IS DIFF/TAILORED FOR EACH RESPECTIVE COUNTRY, BUT ALSO ADHERES TO BASIC GUIDELINES. RIGHT NOW, TERRORISM REMOVAL AND THE FED COURT ACT...TWO MOST IMPORTANT ASPECTS TO WATCH.
10-27-2014 Newshound Guru Breitling Iraq doesn't need to come out with a new currency to add value to the dinar we have. That is not the key…that is not the mechanism. They are not going to put out a 1 dinar note unless the dinar has a higher value. What was the CBI's promise so the notes coexist with the newer notes? To lower the note count and add value to them. If our notes were not important then you [the CBI] would not need to do that.
10-27-2014 Intel Guru Frank26 IMO, We are done. You see...IMO, it is no longer in human hands...It is now an algorithm. Migrating as I told so many so many years ago...From the E to the W. I am proclaiming the end to our IQD STUDIES together.
10-27-2014 Intel/Newshound Guru Poppy3 ...WE SEE THE ISX DID NOT OPEN TO THE PUBLIC TODAY [SUNDAY] BUT TRADED IN COUNTRY AND CONTINUED TESTING THE SYSTEM. BE AWARE OF UP COMING ACTIONS AND A RATE RELEASE SO THEY CAN GO INTERNATIONAL AT SOME POINT HOPEFULLY DURING THIS WEEK. THEY ARE DESPERATE FOR CASH FLOW AND OUTSIDE INVESTMENTS IN THEIR COUNTRY AND INVESTORS ARE NOT COMING AT 1166 BUT THEY WILL COME WHEN THE DINAR IS WORTH MORE THAN THE DOLLAR.
10-27-2014 Intel Guru TD It's a Oxymoron to say they must increase their rate due to budgetary constraints. HOW? How do you pay for that? And oil today went below $80 a barrel. In addition, the ISX and whatever rate they use is irrelevant in percentage gains and losses. They have already laid out their goals and intentions in recent articles which is a 4 year plan: Deletion of the Zeros program to be started in 2015 (or 2016 as plan B)). THEN their goal is to exchange and retire all the 3 zero notes (estimated to take 2 years)...it's all spelled out pretty clearly what their "HOPE TO DO IS" (GOALS). The wild card in Iraq's case (has been and continues to be so) is actions and progress on the ground. NO ONE has a crystal ball to effectively tell the future, especially Iraq.
10-27-2014 Newshound Guru Millionday [ If iraq is in such dire straits, why have they not moved to do something about monetary reform by now?] THEY HAVE COMPLETELY CHANGED AND REWRITTEN THEIR ENTIRE MONETARY POLICY ECONOMIC REFORM -- POLITICAL REFORM -- ADMINISTRATIVE REFORM -- BANKING REFORM -- I DONT THINK THEY HAVE MUCH LEFT TO DO SOMETHING ABOUT -- THEY HAVE CHANGED TO A DEMOCRATIC COUNTRY AND ALSO CHANGED ALL LAWS TO BE INTERNATIONALLY COMPLIANT. WE ARE THE ONES THAT THINK IT HAS TAKEN A LONG TIME -- I BET BEING FOR AN ENTIRE NATION THEY ARE ACTUALLY IN A HURRY AND WE ARE THE ONES THAT THINK THEY ARE SLOW...
10-27-2014 Intel/Newshound Guru tman23 With governments, deadlines come and go with no resolve...with financial institutions such as banks and stock markets they 99.9% of the time meet time frames because their whole structure is dependent upon investment and performance...So BY THE END OF THE YEAR is a significant statement by these organizations...They are not speaking of a RV but rather being able to do business with Iraq currency internationally. [post 2 of 2]
10-27-2014 Intel/Newshound Guru tman23 Regarding the Smart Card aka Qi Card (key card)...As of now it is NOT accepted outside of Iraq although it is linked to Master Card it is not activated "But will be by the end of the year" once a government announcement is made...One thing appears for certain and that is BY THE END OF THE YEAR for international "trade or use"...at least Qi and the ISX and ESX all have made these statements "by end of the year". [post 1 of 2....stay tuned]
10-27-2014 Intel Guru Mnt Goat What are these items we need to look for? ...they are the HCL, Articles 140 dispute removed, the Judicial Reforms laws, the Law of the Parties and lastly the infamous 2014 Budget. We are being told the revisions are done now for the budget law and they are expected to review it in parliament tomorrow [Tuesday]. ...the RV holdup is not about just the budget, the HCl, the seating the parliament or council of ministers or any one singular event or law. It’s about putting an entirely new “functional” government together as a whole. It’s all coming soon and Iraq is working at warp speed to get it all done. [post 3 of 3]
10-27-2014 Intel Guru Mnt Goat It was interesting to hear of...three laws as their main target now. The first two, that of HCL and the Judicial reforms did not surprise me however the Law of the Parties did. This shows me just how serious the USA is on having Erbil (those 27 reforms) all completed prior to the USA letting any RV go. yes – the carrot is still dangling in front of Iraq and they know they need to move quickly. I also believe the USA and UN are fast tracking them and pushing them to get these laws implemented. My sources are telling me they are targeting now the end of October but personally if we don’t see some critical items this wee, then I am afraid to tell you that we could be looking at instead a mid November window for completion. [post 2 of 3....stay tuned]
10-27-2014 Intel Guru Mnt Goat Iraqi progress is moving forward very rapidly. Their efforts now seem to be focused mainly on three fronts. One is fighting ISIS, another is getting the necessary laws implemented that can create more stability thus support the security side. Lastly the other is a flood of news businesses and contractors now knocking at Iraq’s door. They are writing new contracts like crazy. These are contracts with international companies for reconstruction projects, new housing, tourism, transportation, goods and services. Where is all this money going to come from? Do I smell a currency revaluation in the air? Do they know something we don’t? [post 1 of 3....stay tuned]
10-27-2014 Newshound Guru Millionday THE PEOPLE THAT STATED IT WOULD RV TODAY -- DID NOT KNOW IT ACTUALLY HAS TO GO GLOBAL BEFORE THAT IS A MUST. [so, what is next and is their an indication of when?] CBI IS INDEPENDENT AND IS READY - THE ISX IS HOOKED - WE HAVE A FULL GOI - AND MANY ARE HELPING IN THE WAR ON TERROR - ...AS OF RECENT REPORTS THEY HAVE 75% OIL MARKET AND ARE WORKING ON ARTICLE 112 AND 113 - AND THAT CBI STATED THEY ARE WAITING ON THE TIME TO DO THIS - SO WE WILL WATCH AS THEY FINISH THEIR STEPS AS WE WERE TOLD THEY WERE ACTIVATING THIS IN STEPS PER THE ANNOUNCEMENT CBI. [post 2 of 2]
10-27-2014 Newshound Guru Millionday THE ISX HAS BEEN CLOSED FOR A WEEK TO INSTALL X-STREAM FOR ITS ENTRY TO THE GLOBAL SYSTEM AS ...THEY OPENED BACK UP AT THE IMPOSED RATE AND HAVE NOT RELEASED THE INTERNATIONAL MARKET RATES YET OR GONE GLOBAL -- WHEN THEY GO GLOBAL IT WILL HAVE TO BE WITH A CALCULATED RATE OR PRICE FOR INTERNATIONAL TRADE OF THE DINAR AND ALL IMPORT/EXPORTS OR STOCK MARKET INVESTMENTS. THE SYSTEM CAME BACK UP SUCCESSFULLY AND IS RUNNING WITH NO REPORTED PROBLEMS. THIS IS A HUGE STEP FOR A MARKET ECONOMY AND GLOBAL TRADE AND ALSO CBI HAS STATED THEY ARE READY AND ARE JUST WAITING FOR THE TIMELINE. [post 1 of 2....stay tuned]
10-27-2014 Intel/Newshound Guru Poppy3 ...WE SEE THE ISX DID NOT OPEN TO THE PUBLIC TODAY [SUNDAY] BUT TRADED IN COUNTRY AND CONTINUED TESTING THE SYSTEM. BE AWARE OF UP COMING ACTIONS AND A RATE RELEASE SO THEY CAN GO INTERNATIONAL AT SOME POINT HOPEFULLY DURING THIS WEEK. THEY ARE DESPERATE FOR CASH FLOW AND OUTSIDE INVESTMENTS IN THEIR COUNTRY AND INVESTORS ARE NOT COMING AT 1166 BUT THEY WILL COME WHEN THE DINAR IS WORTH MORE THAN THE DOLLAR.
10-27-2014 Intel/Newshound Guru tman23 No idea who makes the announcement or if announcement is as simple as an action of the government releasing the funds...BUT...If workers are to receive pay retroactive back to Jan 2014 as indicated by the Abadi government...and Ismail (CBI governor) as reported is in all meetings working on the State Budget...then logic would be the CoM meeting Tuesday and the Parliament waiting on deck over the 2014 Budget...AGAIN...all indicators point to November and 11/3 -11/4 being the timeline that we possibly get a real clue on the direction of their plans for monetary change.
Read more: http://www.dinarguru.com/#ixzz3HpHaY9hK
10-26-2014 Intel/Newshound Guru Poppy3 OUR UST SET THEM UP AND COMPLETED ALL SOFTWARE INTEGRATION WITH THE WORLD BANK AND ALL INTERNATIONAL BANKING AND COMPLETED THIS ALL THE WAY BACK TO THIS APRIL AND NOW THEIR ISX HAS GONE LIVE WITH X-STREAM...WE HAVE NOT HAD A CONFIRMATION THAT THIS HAS BEEN COMPLETED. AS THE CONTACT STATED THEY EXPECT A RATE SOMETIME THIS WEEK. I AM HOPING AND PRAYING THEY ARE CORRECT AND THIS PROCESS WILL BE COMPLETED THIS WEEK. REMEMBER WE HAVE READ FOR WEEKS NOW THEY ARE DESPERATE FOR CASH FLOW AND RUSHING TO FINISH THIS IS SURELY IN OUR FAVOR.
10-26-2014 Intel/Newshound Guru tman23 ISX said they were closed for the duration to install the x stream platform and reopen on the 26th...They never said they would be "connected" to the international markets on the 26th...some people made the 26th topic of discussion...And there can be no one event before the other as it is all tied financially together...which means everything will roll at the same time.
10-26-2014 Newshound Guru Mailman17 THE ISX IS THE GLOBAL TRADING PLATFORM FOR IRAQ. THEY HAVE STATED THEY ARE READY TO TRADE INTERNATIONALLY. THEIR SYSTEM IS READY AND TIED INTO NASDAQ. HOWEVER, THEIR HANDS ARE TIED IF THE GOI DOES NOT GIVE THEM WHAT THEY NEED...A RATE AND RECOGNIZED INTERNATIONALLY. I CANNOT SEE THEM GOING LIVE UNTIL IRAQ GETS THEIR CRAP TOGETHER AND GETS THEIR PIECES IN PLACE. THE GOOD THING HERE IS, THE ISX WAS AND STATED THEY ARE READY ON THE 26TH...PERIOD. THEY MUST BE UNDER THE AUSPICE THAT IRAQ WOULD BE AS WELL. IF THEY DO NOT OPEN GLOBALLY ON THE 26TH AS PLANNED, I DO NOT SEE THIS IN A NEGATIVE WAY. THE MERE FACT THEY WENT PUBLIC WITH THAT DATE MEANS THEY WERE UNDER THE INFLUENCE THE RATE WOULD BE TOO. A DELAY ONLY MEANS WE ARE THAT CLOSE...AS IN DAYS...AND THE NEWS AS OF TODAY TELLS US THAT ALSO. BREATHE...AND WAIT...ALMOST HOME..JMO.
10-26-2014 Intel/Newshound Guru American Contractor In October 2003, the Coalition Provisional Authority (CPA) and the Iraqi government at the time wanted to completely remove the face of Saddam Hussein from the Iraqi dinar currency. The window of exchange for everyone inside Iraq was from October 15, 2003 up to and including January 15, 2004. The time frame for the currency exchange was stated to be only three months. It has never been six months like many...believe. [post 2 of 2]
10-26-2014 Intel/Newshound Guru American Contractor The Central Bank of Iraq (CBI) has mentioned in several articles dating back to 2010 that they will print new Iraqi dinar currency. The CBI stated that they would introduce more denominations when they began to distribute the new currency. Also announced was that a 50k and a 100k Iraqi currency banknote would be introduced within the next two years. Recent bank articles have also reported that the new currency will start in 2015 and other articles state 2016. Currently, there are 40 trillion dinars in circulation. I have been told that the parliamentary economic committee is concerned as to how long it would take to eventually switch out the currency. The CBI would like a shorter term and the Iraqi parliament would like to see the five-year term. I will know more about the details of this in early 2015. [post 1 of 2....stay tuned]
10-26-2014 Intel Guru Frank26 FED LAW APPLIED TO IQD VIA GOI...24TH TO 26TH. DEFENSE AND INTERIOR MINISTER'S OPERATING EXPENSES ACTIVE...27TH. OPEN 2014 BUDGET...31ST. CBI CHANGES RATE ON THEIR WEBSITE...SEPARATION OF PRIVATE BANKS AND THEIR DISCRIMINATION ENDS WITH CREDIT GUARANTEES...31ST. THESE ARE NOT JUST NUMBERS...THEY ARE A VALUATION OF IRAQ'S CURRENCY BY THE APPROPRIATE LAW TO MAKE IT ACCEPTABLE WITHIN THEIR 2014 AND 2015 BUDGETS. OUR INVESTMENT DOES NOT GET ANY BETTER. THE RATE IS BECOMING MORE TRANSPARENT... [post 3 of 3]
10-26-2014 Intel Guru Frank26 GOI IS EXPLAINING "THE FEDERAL DRAFT BUDGET LAW ". IT IS ABOUT TO BE USED TO FIX THE 2014 BUDGET THEY SAY...IN ORDER TO FINISH THE 2015 BUDGET! FOR THE..."VALUATION OF THE CURRENCY". THE LAWS WERE NEEDED FIRST...THEN YOU WOULD SEE THE NEW RATE. THE GOI IS GIVING A TIME LINE...THERE ARE FOUR LAWS THEY WILL DEAL WITH TOMORROW AND THE FEDERAL DRAFT LAW IS ONE OF THEM! [post 2 of 3....stay tuned]
10-26-2014 Intel Guru Frank26 FROM A TRUSTED NEWS SOURCE IN THE M.E. EARLY THIS MORNING...THE GOI ADDED ANOTHER VERSE TO THIS MR [MONETARY REFORM] PROCESS...THE GOI IS EXPLAINING THAT THE 2014 BUDGET IS STUCK...IT NEEDS TO BE FIXED IN ORDER FOR THE 2015 BUDGET TO COME OUT CORRECTLY...THEY WILL HAVE TO RE- CALCULATE THE WHOLE BUDGET! INDEED...THEY ARE...JUST BEFORE THEY RELEASE A NEW RATE. [post 1 of 3....stay tuned]
10-26-2014 Newshound Guru My Ladies NASDAQ IS CLOSED...THEY HAD NO ONE TO TRADE WITH TODAY...WE WILL SEE VERY SOON...THE FACT THEY CONFIRM THEY ARE RUNNING X-STREAM IS ENCOURAGING FOR ME...LET'S WAIT UNTIL NASDAQ OR FOREX OPENS AND SEE WHAT HAPPENS.
10-26-2014 Intel/Newshound Guru Backdoc JUST BECAUSE THEY ARE INTERNATIONALLY READY DOESNT MEAN THEY ARE TRADING INTERNATIONALLY YET. ONLY THAT THEY HAVE THE POTENTIAL TO BE. HOPEFULLY WE WONT BE WAITING TOO MUCH LONGER.
10-26-2014 Intel/Newshound Guru American Contractor The Iraqi government has made a decision to fund the security forces and bypass industry projects for the remainder of the year. The Iraqi government will dip into the Central Bank currency reserves gold assets to fund government projects. The Central bank currency reserves are estimated at 74 billion dollars and 40 trillion Iraqi dinars in circulation. Iraq’s economic growth has been scaled back from the normal 9% growth to a 6.9% for the year 2014. Oil exports have also slowed especially in August with a 2.3 million barrels per day instead of 3 million barrels per day as everyone was expecting. [post 2 of 2] [stay tuned for more American Contractor later today]
10-26-2014 Intel/Newshound Guru American Contractor It appears the Iraq Stock Exchange will be delayed on coming back online on Sunday, October 26. The delay is caused by software issues and the communications between banking institutions and brokers. The International Monetary Fund (IMF) still does not have an Article IV consultation because the Iraqi government failed to complete a 2014 budget. There is a danger of the Iraqi government borrowing from the Central bank reserves increasing inflation and devaluing the Iraqi dinar. The Iraqi government continues to operate their government without knowing how much they are spending and what they are taking in. The budget must be passed as it is still at a standstill. [post 1 of 2....stay tuned]
10-26-2014 Newshound Guru Millionday [we still in a good window up to the 31st of this month?] WE ARE IN A GREAT WINDOW FROM THE MOMENT THAT CBI STATED THEY WERE READY A FEW DAYS AGO. I MEAN THEY STATED IT IN INK -- SO I WOULD HAVE TO SAY IT IS A GREAT PLACE FOR US TO BE -- WE HAVE NEVER HEARD THAT BEFORE.
10-26-2014 Intel Guru Nova I Would Say It This Way, No Matter What Happens Tomorrow [Sunday], For The First Time The ISX Has The Ability To Be International. In The Game Of The CBI. The ISX Is Just A Pawn! Is What The ISX Is Doing Quite Telling? YES! But It's Moves Are Dictated By What? The CBI/Central Banking System! If The ISX Flips The International Switch It Is Because The CBI Has Done It First! Even If We Can Not See It!! There Will Be No Futures/Options Trading On Some Future Value! It Is Either ON or OFF!!! Last Thing, ISX Told Us It Will Resume Trading On The 26th, Did Not Say It Would Flip The Switch On The 26th!
10-26-2014 Intel Guru Frank26 No matter what ...Tomorrow [Sunday] the ISX will be International. 10-25-2014 Intel/Newshound Guru Poppy3 LAWS ARE PASSED AND THE HCL WAS IN THE HANDS OF THE COMMITTEE TUESDAY AND ALL THAT WAS LEFT TO DO TO IT WAS CHANGING SOME WORDING ON TWO OF THE AMENDMENTS...SHOULD BE FAST. I DON'T THINK WE ARE TWO MONTHS AWAY ACCORDING TO ALL THE INK WE HAVE READ THIS MONTH. THEIR USD CASH FLOW IS VERY SHORT ACCORDING TO THEIR OWN NEWS AGENCIES. I THINK WE ARE MUCH CLOSER THAN PEOPLE THINK. I ALSO KNOW HISTORICALLY THEY HAVE GONE BY THE MUSLIM NEW YEAR DATES NOT OURS.
10-25-2014 Newshound Guru Millionday [isn't that what the x-stream format is for isx...global?] YES THAT IS WHAT IT IS FOR -- IT IS THE CONNECTION OMX NASDAQ X-STREAM. [we know that Iraq wants to revalue, is there anything holding them back from going global on the 26th if the isx is ready?] NOT THAT I SEE -- CBI HAS STATED THAT THEY ARE READY AND THE LAWS IN PLACE ARE ALL ENOUGH TO BRING IN MAJOR MARKET ECONOMY CONTRACTS -- WE JUST DONT KNOW THE DATE FOR A FACT AND I DONT GUESS WITHOUT INK. [post 2 of 2]
10-25-2014 Newshound Guru Millionday [ IS THE ISX STILL SLATED TO GO BACK ON LINE THE 26TH?] YES THE ISX IS PLANNED TO BE BACK ON LINE THE 26. THEY DID NOT GIVE A DATE FOR THE ISLAMIC BANKING TO TAKE THE IRAQI BANKS GLOBAL BUT WOULDNT THAT BE A HUGE WHOOOPOW. [Is it still your opinion we will have a reality rate when the ISX comes back up...?] NO -- MY OPINION IS THAT WHEN THE ISX GOES GLOBAL THEY WILL HAVE A REALITY RATE -- THEY MAY BE ABLE TO NOT GO GLOBAL ON THE 26TH AND JUST BE READY BUT -- THIS IS A HUGE OIL PRODUCING COUNTRY WITH GLOBAL MARKET ON ISX AND ALSO THEY HAVE TO HAVE FAIR PRICING FOR INTERNATIONAL GLOBE. WE DO NOT KNOW FOR A FACT THAT ON THE 26TH THE ISX IS GOING GLOBAL UNTIL WE SEE IT. [post 1 of 2....stay tuned]
10-25-2014 Newshound Guru Kaperoni Article: "Mobilize international support Iraq's economy" Quote: "...UNDP UN asked several days ago, the idea of launching a conference to gather international crowd along the lines of the Madrid Conference in 2004 for the purpose of supporting Iraq in the economic side..." This is a great article...the UN appears to be the one who will launch the market economy in Iraq.
10-25-2014 Newshound Guru Millionday [They keep talking about deleting the zeros in the new year, are we to assume that they meant the Muslim new year?] WE DONT KNOW FOR A FACT WHEN THE DATE IS...WE ARE TO NEVER ASSUME. [Do the zeros have to drop at the same time as the rv?] THE THREE ZERO CURRENCY WOULD BE USELESS WITH THE IMPOSED RATE OF 1166 CHANGE TO A MORE NATURAL RATE AS THEY CALLED IT ---- HISTORY HAS SHOWN THEY HAVE CARRIED FROM 2$ TO 3$ + --- BUT THEY WILL CALCULATE TO COME UP WITH THE REALITY RATE OF IRAQ AT ITS PRESENT TIME SO NO ONE KNOWS WHAT THAT WILL BE AT THIS TIME UNTIL IT IS RELEASED.
10-25-2014 Newshound Guru Enorrste I read...that the CBI expects the entire process to last 4 years, beginning next year. In other words, I do not think we should expect 1:1 by early next year, but that is certainly possible. KAP [Guru Kaperoni] and I have discussed this several times and we both agree that once they let the "cat out of the bag" in terms of starting a free float, we should see great pressure upward on the dinar and, unless they institute a "managed float," which they have NOT indicated they will do, then we expect the process to take much less than 4 years to get to equilibrium (which could easily be over $3).
10-25-2014 Newshound Guru tlm724 Article: "Parliament is expected the arrival of the general budget of the beginning of next week" I expected the Finance Committee in the House of Representatives on Saturday, sending the federal budget for 2014, the beginning of next week after the ministerial committee has made some modifications to the doors.
10-25-2014 Intel Guru Frank26 [YOU WONT SEE ANY CHANGE ON THE 26th OR NEXT WEEK...MARCH/APRIL OF 2015... POSSIBILITY ...NOTHING ANYTIME SOON...ALL IMO.] I sincerely believe we are seeing the vital MR [Monitary Reform] steps at their ending. If we go past 26th...I strongly do not feel it will be prolonged until the end of 2015.
10-25-2014 Newshound Guru Kaperoni ...if they want a market economy (which they must do soon) they have to move to Article VIII and new Exchange Regime which allows the dinar to rise as investment comes into Iraq. It's not something that can be postponed. Article VIII will come soon despite articles that say currency reform is year or more away..I don't buy it. They were suppose to have "freedom of movement of capital" by end of 2013 according to the articles on the SFA/TIFA agreement and we are 12 months past that timeline. As well, the IMF postponed the 2014 Article IV Consultation in March (Iraq's scheduled time) without explanation and said it would be held later in the year...one can assume it was to give them time to get in compliance and into Article VIII. The 2013 Article IV Consultation mentioned moving to Article VIII I think at least 5 or 6 times throughout the publication. When you take all of that, and put it with the urgency of a market economy (...a senior economist stated - "It's time to activate the productive sectors") to put Iraqi's back to work, lower unemployment, etc. the banking system and currency must open up as soon as the laws are in place.
10-25-2014 Newshound Guru Millionday [Don’t they have to have some kind of reality rate to open the HCL to have enough money to pay the people?] I WOULD SAY THIS -- THE OIL FUNDS TO THE CITIZENS THAT IS PROMISED GOES TO ALL CITIZENS THAT WILL BE DISTRIBUTED FUNDS RIGHT? ON THE SMART CARDS/VISA -- THE THING IS THEY ARE NOT ALL IN IRAQ AND THE CARDS SHOULD BE USABLE ANYWHERE THEY ARE SO THEY WOULD NEED A REALITY RATE TO DISTRIBUTE FUNDS LOGICALLY. THE HCL WILL BE FUNDED BY A REALITY RATE -- NOT AN IMPOSED RATE. [post 2 of 2]
10-25-2014 Newshound Guru Millionday [Is the HCL done?] YES THE ISLAMIC BANKS HAVE ANNOUNCED THAT THEY ARE TAKING IRAQI BANKING OUT TO THE GLOBE AND ALSO THE HCL WAS REPORTED TO BE DONE -- IT WAS IN MULTIPLE REPORTS --- HOWEVER THE HCL IS NOW BEING CHANGED FOR ONE PROVINCE AND THEY HAVE STATED THAT IT IS VERY SMALL AND...THAT THEY WERE WORKING ON IT TODAY [FRIDAY]. [SO IT APPEARS THERE IS JUST A SMALL ADJUSTMENT AND EVERYONE WILL BE SATISFIED WITH THE HCL SO IF THE HCL IS AGREED ON AND ALL OF THE GOVERNMENT IS IN PLACE, IT SHOULD MOVE PRETTY QUICK, CORRECT?] IT SURE DOES LOOK VERY ENCOURAGING WE CAN KNOW THAT -- FULL GOI AND HCL AND CBI READY IS CERTAINLY NOT BAD NEWS FOR US. [post 1 of 2....stay tuned]
10-25-2014 Intel/Newshound Guru Poppy3 ...GOT A RUMOR FROM IRAQ THAT THE RATE WILL CHANGE NEXT WEEK SOMETIME? WHO KNOWS...AT LEAST I KNOW THE SOURCE IS IN BAGDAD AND HE WAS TOLD THIS TWICE TODAY THAT INSIDE THE GREEN ZONE BUT DOES NOT KNOW THE ORIGINAL ORIGIN OF THE STATEMENT. I HOPE IT TO BE TRUE LIKE ALL OF US BUT ONLY TIME WILL REVEAL THE TRUTH. 10-24-2014 Intel Guru Frank26 Yes we seek to see if the ISX comes back online Sunday...Or not...Then also to see if they have a new rate. But You MUST remember...The ISX has NOTHING to do with the raising of the dinar's value. ONLY the CBI. Even if no rate Sunday...REALIZE that the ISX is now ALSO among a list of prepared and readiness for an increase in the IQD value.
10-24-2014 Intel Guru Tony [via Adept1] Iraq is saying that there IS stability...With all the new contracts with over 80 countries and people coming into Iraq, they...want to see the money so that they can be secure as well. They cannot get started until there is money paid over. They need to know that the money will not be held up again. The contracts need to be paid out starting on Monday. These are entire billion-dinar value contracts, all in dinar. They said it should go last night and then we were put on alert this morning. I don’t see it going past mid-November. What’s holding it up has nothing to do with the RV itself...these delays are costing Iraq and its people! It’s been a great week. We are hearing the contracts will be paid...in revalued currency and that the RV will go prior to that. I am excited, somewhat – we’ve heard all this before.
10-24-2014 Intel Guru DC [via Adept1] In Iraq, Parliament has been successful in moving many pieces of legislation over the past few weeks... the 2014 and 2015 budget have been done and published in the Gazette, with the 2015 being polished up this weekend. Abadi took a road trip, and many senior ministers spent the past week flying to Iran, the US, Japan, China, and Turkey, shoring up military support against ISIL. The US helped, but Iraq is standing on their own, putting deals together. In many capitals, the discussion included “when are you getting the RV done?” and they have agreed to a timeline in the next couple of days. Iraq is saying they are just waiting on the perfect timing. There are more celebrations scheduled in Iraq on Saturday, and there is a lot of pressure to get this done...Bottom line: everything looks really good. Parliament has made tremendous strides. The 2014 Budget is done and published and 2015’s will follow this weekend. Celebrations have been planned for this weekend for the New Year AND the RV.
10-24-2014 Intel/Newshound Guru Poppy3 [ I would think if Kawait is at $3.58 or so, Iraq would be the same or higher at some point.] YEP CLOSE TO KUWAIT, AT SOME POINT WILL BE HIGHER.
10-24-2014 Newshound Guru Brietling …The info I got is that it can go all the way up to $3. But they can do whatever they want. They are going to come out with a new currency that doesn't have the 3 zeros on it. Does that mean we will not make any money…no, they said they would coexist for 3 years. If they had no intention revaluing the currency there would be NO REASON AT ALL to reduce the note count…they could just do what they did the first time and retired the Saddam currency. What did they do? They said they're retired, you've got 6 month to exchange and that's it. They are not doing that are they? No, they are lowing the note count. [Post 3 of 3]
10-24-2014 Newshound/Intel Guru BGG the article...yesterday states "...the deletion of zeros from the Iraqi currency will be working by next year..." for that to happen - as in... "...by next year..." they need a rate BEFORE NEXT YEAR - as in sometime soon - or THIS YEAR...and since this is late OCT - that leaves a very short window for them to get this project started. [ I had thought the deletion of the 3 zeros could be the same as an RV, but I guess they are separate?] Same - same - the deletion of the zero's is the whole project of "buying back" the notes... they have to have a rate to start things off.
10-24-2014 Newshound Guru Brietling If you look at how they got rid of the Saddam Hussain currency (or Swiss Dinar)…they simply said they were going to retire the notes and it took them 6 months. Is that what they said they are going to do [here]? No…that's the first clue. #2 is How are they going to add value to the currency? It's a liquidity problem…there were 9 Billion notes and 30 Trillion Dinar…the CBI kept stating one of these days we are going to lower the note count and guess what they did? Started lowing the note count…It went from 9 Billion notes to 6 billion notes to 4 billion notes and everyone understands the trend…that's how we know the currency you and I have is ripe for a reevaluation and it's going to grow percentage wise with the new currency coming out. [Post 2 of 3 Stay tuned for the rest of the story]
10-24-2014 Intel/Newshound Guru Poppy3 tiers...there are no tiers. WE ARE ALL EQUAL. RATES WILL ALL BE EQUAL EXCEPT FOR WHAT DEALS WILL BE NEGOTIATED AT THE TIME OF EXCHANGE. NO BANKS CAN MAKE DEALS TILL THE RATE IS LIVE AND INTERNATIONAL. ALL THIS GCR **** IS JUST THAT **** YES SOME CURRENCIES WILL ADJUST BUT ONLY A FEW AND THAT WILL TAKE TIME ...LEGARDE STATED SO HERSELF 6 MONTHS AGO. NO SUCH THING PERIOD. WHEN THIS HAPPENS FOR SURE WE ALL WILL KNOW WITHIN HOURS AND THERE WILL NOT BE SOME PRIVILEGED FEW THAT KNOWS BEFORE ANYONE ELSE.
10-24-2014 Newshound Guru Brietling The articles that are coming out are talking about deleting the zeros and adding value to the currency…This is exactly what the CBI has stated that they will have 2 co-existing currencies at the same time and they will both raise in value percentage wise at the same time (for about 3 years). That's not the RV we are looking for in that definition…it comes somewhere else. What makes the currency you and I hold important and what the clues we're looking at? [Post 1 of 3 stay tuned for the rest of the story]
10-24-2014 Intel Guru Mnt Goat This week I totally expected to hear some news that the currency reform project will be restarted and a tentative implementation completion date given to us. I believe we are on the verge of getting the final rollout of the RV possibly this coming week. From all the news I am hearing of the progress I do not believe they will go to mid November or even past October without a Revaluation or a Reinstatement happening of some kind to start the process. [post 3 of 3]
10-24-2014 Intel Guru Mnt Goat We can summarize most of the laws needed for stability and to enhance their government are in fact already completed. Some are just waiting in the wings for other laws to catch up and be implemented together. A lot of work has been done since September time frame but remember most of these laws were in fact already written and just never voted on and implemented. The USA is now forcing the issue... As far as the budget passing. I believe it has to occur very soon if not already to fund the war effort. There are also other laws too interconnected with the budget law since they are funded by it and the numbers have to be approved first by the laws then placed in the updated budget. It is hard to separate them. [post 2 of 3....stay tuned]
10-24-2014 Intel Guru Mnt Goat Iraqi progress is moving forward very rapidly now. So as venture investors (the PTB) they have decided to give Iraq a certain time table to conclude the formation of the new government, the necessary laws, many of which are in the list of the 27 reforms...Most of these laws have been with us over these last 4 years and we may recall them as the “Erbil Agreement”. It is now called the “Unity Agreement”. I am telling you this because this is part of the hold up. The key to pulling the trigger on this RV. Now that the government is fully formed and functional it needs these laws to move forward and operate under. It is because they have self imposed deadlines to complete these changes (laws). The farthest deadline is 90 days which brings us to mid November 2014. [post 1 of 3....stay tuned]
10-24-2014 Newshound Guru Mailman17 SINCE ABADI WAS NAMED PM...HE HAS DONE MORE TO UNIFY IRAQ THAN MALIKI EVER DID IN 8 YEARS. THEY HAVE WHAT WAS REQUIRED OF THEM...A UNIFIED COUNTRY. LET THIS UNFOLD ON ITS OWN. A 40 TRILLION DINAR M2 IS VERY QUESTIONABLE IN MY OPINION AS IRAQ BOOKS HAVE BEEN ALTERED MANY TIMES IN THE PAST. EVEN IF ITS CLOSE TO 40 TRILLION (WHICH I DOUBT) AGAIN REMEMBER REMOVAL OF WHATS LEFT ON THE STREETS IS THEIR ONLY CONCERN. NOT WHAT IS IN OTHER GOVTS HANDS OR OURS FOR THAT MATTER. OUTSIDE DINAR HAS AND ALWAYS WAS ACCOUNTED FOR AND IS NOT AN ISSUE. ARTICLES HAVE BEEN CONTRADICTING THEMSELVES LEFT AND RIGHT FOR THE LAST 2 WEEKS IF NOT LONGER REGARDING WHATS ACTUALLY HAPPENING IN IRAQ. MISINFORMATION WILL BE AT ITS PEAK RIGHT NOW...EXPECT MORE. AND I AM STILL LOOKING FOR THAT MYSTERIOUS NEW 10,000 DINAR NOTE THAT SOME SAY IS IN CIRCULATION. HMMM CBI WEBSITE SHOWS NOTHING. FOOD FOR THOUGHT...AS ALWAYS JMHO. [post 3 of 3]
10-24-2014 Newshound Guru Mailman17 ANYTHNG SHORT OF A DOLLAR DOES NOTHING IN RESPECT TO GIVING THE IRAQI PEOPLE PURCHASING POWER, NOT TO MENTION CONTRACTS ALREADY BEING SIGNED BY NUMEROUS COUNTRIES INCLUDING JAPAN AND FRANCE. AND IF...THEY MANAGE TO ACTUALLY GET THE ISX RUNNING ON THE 26TH TYING INTO NASDAQ, THEY SURE AS HELL AINT GONNA GO IN AT 1166, AND MOST LIKELY A FIXED RATE UNTIL THINGS SETTLE IN IS THEIR BEST OPTION. THE IRAQI PEOPLE HAVE BEEN USED TO THE VALUE OF THE U.S. DOLLAR TO MAKE PURCHASES IN THEIR COUNTRY AND I SEE NO REASON WHY THE DINAR WILL NOT BE THE SAME. IT HAS TO. THEY NEED TO HAVE FAITH IN THEIR CURRENCY. [post 2 of 3....stay tuned]
10-24-2014 Newshound Guru Mailman17 JUST HOW DO YOU PLAN TO IMPLEMENT REMOVING NOTES YOU HAVE ALREADY BEEN REMOVING OFF THE STREETS FOR THE LAST 3 YEARS? THIS PLAN HAS BEEN IN EFFECT FOR QUITE AWHILE ALREADY. THEY HAVE ONLY BEEN WORRIED ABOUT DINAR INSIDE IRAQ...NOT OUTSIDE...MOST LIKELY THEY HAVE IT AT A NUMBER (NOTE WISE) THEY ARE SATISFIED WITH. AND YES, TO ANYONE WHO HAS BEEN AROUND THIS AWHILE...THINK BACK WHEN SHABS OR THE CBI SAID THAT THE 3 ZEROES WILL COME OFF THE NOMINAL RATE. HE AND THE CBI ALSO SAID NUMEROUS TIMES THAT HIS PLAN FROM DAY ONE WAS TO HAVE THE DINAR ON PAR...WHICH IS CLOSE PLUS OR MINUS TO A 1-1 VALUE. NOW IF THEY WANT TO PUT A MANAGED FLOAT ON IT FROM THERE...FINE. LET IRAQS MARKET TAKE CONTROL OF THE VALUE OVER TIME. AND YES, IT MOST LIKELY WILL HIT THE 3 DOLLAR MARK DOWN THE ROAD. [post 1 of 3....stay tuned]
10-24-2014 Intel Gurus TNT Tony & DC [via Already Blessed] AWESOME NEWS...THE BUDGET WAS NOT ONLY COMPLETED BUT READ 3 TIMES AND VOTED ON AND OPENED! 10-23-2014 Newshound Guru Enorrste ...an RV does not work..in the case of Iraq...An RV is a tremendous jolt to any economy. No one in authority (IMF, CBI, World Bank) is talking about a "one time change overnight" to, say, $3.50. The chaos that would develop inside of Iraq would be tremendous...we know this to be the case because they are still talking about a "banking law" that will adjust debts, down the road, when it gets to 1:1. Saleh indicated that this must happen on a January 1 in order to avoid chaos. Imagine if they tried that overnight at $3.50? There would be panic in the streets!
10-23-2014 Intel Guru TD As you all know the "deletion of the zeros" project has been of much news again this week and I've spent several days trying to get clarification from my Kurdish source. Here's his take on all this (remember treat all as rumor and strive to find your own sound conclusions): Their "HOPE" is to initiate the deletion of the zeros project within the next two years (all is contingent on progress and actions on the ground). After implementing the project their hope is that it will take an additional two years to remove all the 3 zero notes from circulation. In the near future the marketplace will have two coincidental notes existing. In other words a new 25 note and a 25K note will have the same value and exist simultaneously until all 25K notes are collected and retired. The Abadi administration (in due time) is in favor of the deletion of the zeros program and that it will strongly resemble the Turkish model of currency reform (a few years back)...Of course only time will tell.
10-23-2014 Newshound Guru My Ladies TO MOVE TO LOWER DENOMINATIONS WILL BE A MASSIVE UNDERTAKING, AND PROBABLY REQUIRE A FEW YEARS TO COMPLETE. BUT WHAT DOES ANY OF THIS HAVE TO DO WITH US AND THE REVALUING OF THE CURRENT EXCHANGE RATE? IN OUR OPINION NOTHING. THE FOREIGN EXCHANGE RATE OF THE DINAR TO THE DOLLAR IS WHAT AFFECTS US. AND RIGHT NOW WE ARE STILL ON THE TIME FRAME OF THE NEXT FEW DAYS. WE FEEL IN OUR OPINION THAT IF WE DO NOT SEE ISX COME BACK UP ON SUNDAY WE WILL SEE IT COME BACK UP INTERNATIONALLY SOON AFTER THAT. WE ALSO FEEL WE HAVE BEEN LOOKING FOR THE DATE IN THE WRONG PLACE. IN OUR OPINION THE IRAQI DINAR HAS MUCH TO DO WITH KUWAIT. [post 2 of 2]
10-23-2014 Newshound Guru My Ladies IF THE CENTRAL BANK SAYS WE ARE CHANGING VALUE AND DROPPING ZERO’S OR HOWEVER YOU PHRASE IT THAT IS AN ADMISSION OF CHANGE OF VALUE FOR THE DINAR RIGHT? WELL NO NO NO NO! WRONG! THAT IS NOT WHAT THEY ARE SAYING...THEY ARE TALKING ABOUT THE RESTRUCTURING OF THEIR CURRENCY NOT THE RE VALUING OF IT. WE FEEL THEY ARE TELLING US ABOUT ALL THE SAFE GUARDS THEY HAVE PUT IN PLACE RECENTLY WHICH GOES HAND IN HAND WITH THE NEW ANTI MONEY LAUNDERING LAWS THEY ARE WORKING ON AND THE SAFE GUARDS THEY PUTTING IN TO COMBAT COUNTERFEITING. [post 1 of 2....stay tuned]
10-23-2014 Newshound Guru Millionday THEY HAVE TO BE INTERNATIONAL RECOGNIZED AND BE A MARKET ECONOMY TO HAVE ALL THESE IMPORT/EXPORT CONTRACTS AND THE TRADE BEGINNING THAT WE ARE SEEING POP UP ALL OVER. YESTERDAY THEY SIGNED NEW TRADE AGREEMENTS WITH FRANCE AND TWO OTHER NATIONS -- JAPAN -- SO THIS REQUIRES INTERNATIONAL RECOGNITION.
10-23-2014 Intel/Newshound Guru tman23 Back in 2012 I we had a contact in Kurdistan that said the Kurds took down all the Iraq flags on all government buildings...He said there would not be an RV until Maliki was gone (which some of us didn't want to believe or buy into) and he said which I now find amazing...Nov 2014.
10-23-2014 Newshound Guru Enorrste Having said that, however, it is true that the "term" rededomination has occurred in many articles, including CBI ones, although not in IMF ones, as I recall. However, in every case I have shown that the "context" of those articles referred to a raise in the value of the dinar versus what we know as a "redenomination." Remember, Iraq is a very proud country and looks forward to the day when they will not only become a "donor nation" (Impossible with a redenomination) but also have one of the strongest currencies in the world (also impossible with a redenomination). [post 2 of 2]
10-23-2014 Newshound Guru Enorrste A redenomination has never been in the cards as far as the IMF is concerned, for Iraq. The IMF is on record that they have pushed Iraq to have a "stable currency", which Iraq has done for several years now. A redenomination is not a part of a "stable currency" phenomenon. In addition, the IMF is also on record which clearly speak of a gradual increase in the dinar value over time (i.e. float) and some have even talked in terms of moving to a "floating exchange rate regime" which KAP [Guru Kaperoni] has also posted in the past. No where has there ever been from either the CBI or the IMF any indication of a redenomination as we know it. [post 1 of 2....stay tuned]
10-23-2014 Intel Guru Bluwolf Today is the eve of the greatest money transactions in God's, man’s history...Looking forward to see you all happy within the following hours or days.
10-23-2014 Newshound Guru Millionday Article quote: "The Governor of the Central Bank and the Agency confirmed that the project to delete the zeros is ready technically and logistically and waiting for the right time to implement it," THIS IS SAYING THAT THE PROJECT OF REMOVING THE THREE ZEROS IS READY...CBI HAS BEEN IN CONSTANT MEETINGS WITH THE COMMISSION FOR THE LAST THREE DAYS ABOUT THE CURRENCY AND STATED THAT SOMETHING WOULD BE HAPPENING IN A COUPLE DAYS WITH EXCHANGES OF THE NEW BILLS OF SECURITY...SO DOES THAT MEAN ALL? WE DONT KNOW...I JUST DONT THINK THEY WORKED TO GET THIS DONE AS FAST AS THEY DID -- A COMPLETE GOI AND GIVE ANY MERIT TO THESE REPORTS OUT ABOUT THE REMOVAL OF THE THREE ZEROS... I THINK THAT THEY KNOW THAT THE COUNTRY IS READY AS REPORTED BY CBI FOR THEIR BANKING REFORM AND ALL REFORMS...
10-23-2014 Intel Guru Frank26 the X-screens of the ISX are being set up, linking them to international market and trading; article today states ‘Islamic banks in Iraq are about to begin a new phase openness on sophisticated banking products witnessed by international Islamic banking which included 75 countries around the world’; why now? Do we believe this is being done at a program rate of 1166? The Baghdad international fair is coming up soon, and more and more countries are coming to it, and heavily investing in Iraq; countries like Japan, Ukraine, France, etc; IMO, Iraq has qualified for article 8 and will become international again soon.
10-23-2014 Intel Guru TNT Tony The US is still showing at a dollar, because we are negotiating. Every other country shows it at more than three dollars. While that is the rate it shows right now, that does not mean it will come out that way. Even if it starts at a dollar, Iraq is being told in the media and mosques that they will be the richest in the region, and Kuwait has just raised their rate. You know it’s going to be within 20 cents of the Kuwaiti rate, so you know it’s going to go up at least that far! Even if for some reason it came out at a dollar, how many minutes do you think that would last in the market? My personal opinion is that it will go on Friday. There is nothing stopping the RV, it’s all these side deals. As soon as those are done, it could go any moment. Everything is place for this to happen right now! [post 2 of 2]
10-23-2014 Intel Guru TNT Tony [via Adept1] In Iraq, Parliament met yesterday and today, and everyone anticipated the RV hitting before then so they wouldn’t have to answer to Parliament. Everyone was on pins and needles expecting the RV on Monday afternoon. It didn’t happen. It had nothing to do with ministers, HCL, but other deals being worked in the background that have to do with Iraq, but not the RV. Iraq asked for 24-48 hours to finalize some agreements with other countries. It had nothing to do with the RV, but with security, fraud, money-laundering, etc. This could and should go at any moment. On Monday, they started putting out NEW 10,000 and 20,000 dinar notes. They have new designs with new security features, etc. These new notes do not affect our currency at all; we will still exchange at new rates, and a 25K note will still be worth 25,000 dinar. Those new notes are for in-country purposes ONLY, so everyone can relax on that issue. [post 1 of 2....stay tuned]
10-23-2014 Newshound Guru Adam Montana Once Iraq starts raising the value of their currency, they will want to get the extremely large notes out of circulation. We're seeing a lot of evidence that the currency will have the value raised, new currency of smaller denominations will be put into circulation at the same time, and eventually the larger 25,000 notes will no longer be used. One major item that says "no lop" is the rumors that the CBI is planning on releasing new notes soon. If they were going to "lop" next year, it wouldn't make sense to do this. [post 2 of 2] [Info about "lop" is located under the Start Here tab at the top of this page]
10-23-2014 Newshound Guru Adam Montana Delete the 0's...For those of you new to this venture, this might be one of the most confusing topics of all. To keep it simple: don't worry about these articles. They have been tossing around the topic for years, and the articles constantly contradict each other. Case in point: 1. Iraq to begin subtracting 0's next year 2. Economic Commission to delete zeros over next 5 years: Those two articles were published within 1 day of each other, yet they say two very different things... what's going on here? [post 1 of 2....stay tuned] [Info about "lop" is located under the Start Here tab at the top of this page]
10-23-2014 Newshound Gurus Bondlady & Shredd the CBI says 5 years to complete the process. I don't think it means 5 years to raise the value either. I think its meaning...and its only my opinion but itll take 5 yrs to get the rate back to either what it was before in Saddam times or to raise it higher than what it was before with the new economy growth in all things and not just oil. what's cool about this process is we will be able to see the dinar grow in value and not just hope for an overnight surprise RV so we all will be able to decide when we want to cash out which, by the way, will jump demand in our dinar right away. IMO this is how it'll go down I'm no economist or banker so I don't know for a fact...but soon it'll be a full economic power house and a force to be reckoned with, a currency reserve to be used throughout the world. [post 2 of 2]
10-23-2014 Newshound Gurus Bondlady & Shredd How could they bring out a even 1 to 1 with 40 trillion dinar in the streets an markets? they couldn't, they have to remove the majority of those 1st let the dinar dry up thats in circulation 1st and many trillion will be brought back to the CBI to be destroyed right off the bat and this will begin the process of the RAISING of the zeros off the currency. raising = removing! taking out of circulation. I think the process will be pretty quick at 1st but as in all things it'll slow down. [post 1 of 2....stay tuned]
10-22-2014 Newshound Guru Adam Montana ISIS is not making headway. They are still fighting for Kobane a week later, Baghdad is still secure, and although the airstrikes are mostly a pain in the rear for ISIS... I feel like they are wearing down. I do not see ISIS as being a deterrent to the RV at this time.
10-22-2014 Newshound Guru Millionday THE ISLAMIC BANKS HAVE ANNOUNCED THAT THEY ARE EXPANDING AS PLANNED ALL THE IRAQI BANKING OUT TO THE GLOBE AT ALL THEIR LOCATIONS -- THIS WILL REQUIRE EXCHANGE RATES. [So the HCL including the Article 140 is done, passed and voted on?] THEY HAVE STATED THAT THE HCL IS DONE.
10-22-2014 Newshound Guru Enorrste [via Guru Kaperoni] Article Quote: "Theory has it that exchange rate is something that evolves through development of the microeconomic fundamentals of the economy such as the rate of growth of the economy and its involvement in international trade." This is the situation in Iraq, exactly. They cannot RV and they cannot LOP. They must "develop" their economy in order to return to the pre-Saddam value. Iraq does not want a "nightmare".
10-22-2014 Intel/Newshound Guru Poppy3 ...NOT ONE OFFICIAL THAT HAS ANYTHING TO DO WITH A RATE HAS EVER MENTIONED A 1 TO 1 RATE SO I WILL NOT CONSIDER IT TILL I SEE IT. EVERY CBI OFFICIAL HAS ALWAYS STATED THEY WANT A FIXED RATE FOR 24 TO 36 MONTHS SO I HAVE NEVER CHANGED MY OUTLOOK.
10-22-2014 Intel Guru Frank26 ...it is NOW important for You to KNOW that... 1.Currency 2. GOI 3. CBI 4. Borders ...are LOADED WITH SECURITY!!! This security situation in the country is LINKED to THE MR!!!! (Monetary Reform). BECAUSE it is NOW established at a USA LEVEL and DADDY'S demands ...So now that there is stability in the security situation of these FOUR it will only accelerate the implementation of this LAVA FLOW project and return Iraq to the purchasing POWER VALUE of their currency within the country.
10-22-2014 Newshound/Intel Guru Arthur The current rate of 1166 is not the economic reality rate of Iraq, but is a post Sadaam era "program rate" used by the IMF after UN sanctions were imposed to monitor Iraq's rebuilding efforts and therefore was not caused or engendered by the economic reality or potential of the Iraqi economic outlook. So therefore just as there was no reverse Balaasa-Samuelson effect that caused a gradual decrease of the IQD exchange rate, but was engendered by a sudden action caused by the worsening political and economic reality of the Gulf War era, so we can expect a similar reverse action based on the current political and economic reality within Iraq. We are now awaiting the final sovereignty to be granted internationally based on the efficiency of the newly formed, fully inclusive GOI to ratify, open and fully implement a nationwide budget which will abruptly usher the new ReValued/ReInstated IQD on to the global scene. [post 2 of 2]
10-22-2014 Newshound/Intel Guru Arthur [reference Guru Kaperoni's post 10-22-2014] The so-called Balassa-Samuelson effect (BS) is an economic hypothesis that implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates which...will naturally occur with Iraq's ongoing economic and political reform progression as it would any other emerging economy.... but has less than zero to do with the revaluation process of the Iraqi Dinar. To believe it did implies a total misunderstanding of the history of the IQD. In 1959 the IQD was pegged to the USD at the rate of 1 dinar = 2.8 dollars, and settled at US $3.22 where it remained until the Gulf War. [post 1 of 2....stay tuned]
10-22-2014 Intel/Newshound Guru Poppy3 the new RATE is very possible this week! several events that can trigger their actions to raise the rate for sure...NEW YEAR, ISX GOING ONLINE, ANNOUNCEMENTS, ISIS UNDER CONTROL. GUYS WE ARE IN A GREAT PLACE RIGHT NOW.
10-22-2014 Newshound Guru Millionday THEY WILL NOT LET US KNOW AHEAD OF TIME -- THAT WAS STATED BY SHABIBI -- IN FACT HE STATED THAT IT WILL JUST APPEAR. [So our first indication will be in Gazette before cbi?] OUR FIRST THING WILL BE THE HUGE ANNOUNCEMENT AND THE CHANGE IN ISX FOREX AND CBI AND EVERYTHING ALL AT ONCE -- NO ONE PLACE TO LOOK -- IT WILL BE ALL DONE AT ONCE. I HAVE NO IDEA WHAT THE RATE WILL BE BUT I DO KNOW THEY ARE AN OIL PRODUCING COUNTRY AND HISTORY SHOWS THAT THEY HAVE HAD A HIGHER VALUE THAN THE US IN FACT ALWAYS UNTIL SANCTIONS -- MANY PEOPLE HAVE A LOT TO SAY ABOUT THE RATE BUT THE THING IS -- NO ONE WILL KNOW UNTIL IT IS SET. [post 2 of 2]
10-22-2014 Newshound Guru Millionday ...CBI HAS BEEN CALLED TO PARLIAMENT AND PARLIAMENT HAS IN THE VERY RECENT PAST STATED THEY WANT CBI TO MOVE FORWARD NOW FOR IRAQ. THE ISLAMIC BANKS WHICH IRAQ BANKS ARE RUNNING UNDER ISLAMIC BANKING -- HAVE STATED THAT THEY ARE READY TO OPEN TO THE GLOBE IRAQ AND ITS BANKING WORLD. THAT WOULD OF COURSE INCLUDE THE REALITY OF THE IRAQI DINAR IN ORDER TO DO BANKING. IRAQ HAS STATED MORE THAN ONCE THAT THEY ARE EXPECTED TO CREATE A GLOBAL IMPACT...I BELIEVE THAT A REALITY RATE WILL BE SET AND WILL BE HELD AT A LOW 2% FLOAT AND WILL LATER BE ALLOWED TO GROW WITH THEIR MARKET -- THIS IS MY OPINION SO WE DONT KNOW UNTIL IT IS SET. [post 1 of 2....stay tuned]
10-22-2014 Newshound Guru Adam Montana Article Quote: "Office of the Prime Minister, Dr. Mahdi Keywords in an interview for " morning "about the government's determination to resolve the federal budget for the current year 2014 next week" The Budget is slated for next week... Lots of noise about this right now, and for good reason - after such a phenomenal start to Abadi's reign as PM, the budget has once again proven to be a tough one. However, I don't see this Budget being the same as previous ones. YES, it's taking longer than we wanted to get published, but there is a good chance that it's being delayed in order to coordinate with the HCL. If that's what is happening, we're all going to be VERY happy it was delayed a bit!
10-22-2014 Newshound Guru Kaperoni Article: "A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation" Quote: "that the deletion of zeros from the Iraqi currency will be working by next year," This sentence implies that this is a process rather than an event... Here is the IMF statement on Iraq..."In the medium term, 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, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”
10-22-2014 Intel Guru Frank26 [via Bulldogford65] Articles...referring to the three 0’s to be deleted from the currency in 5 years...the article states the three 0’s are being deleted from the currency, not from the rate; The three 0 notes will coexist for at least 5 years with the new currency; understand the difference in lifting the three 0’s from the rate vs lifting the three 0’s from the currency – the articles refer to lifting the zeros from the currency...
10-22-2014 Intel/Newshound Guru Poppy3 THERE WILL BE THREE RATES ACCORDING TO TALKS WITH REGIONAL BANK PRESIDENT OVER A YEAR AGO AND HE WAS IN CHARGE OF 15 MAJOR BRANCHES OF THE BANKS. HE SAYS THERE WILL BE A CBI RATE, THEN THERE WILL BE A US BANK RATE AND SAME FOR ALL AND ONLY SLIGHTLY 1 TO 2 % MORE THAN CBI, THEN THERE WILL BE A UST RATE AND THAT WILL ONLY BE AVAILABLE TO THE BANKS. IT WILL BE FROM 1 TO 8% MORE THAN THE BANK RATE YOU AND I WILL RECEIVE. THIS IS WHERE THE BANKS WILL MAKE MILLIONS AGAIN PROVIDING RECOVERY FOR MANY OF THEM. [post 2 of 2]
10-22-2014 Intel/Newshound Guru Poppy3 ...BACK WHEN THE PARIS AGREEMENT WAS MADE MANY OF ALL THE COUNTRIES, USA, CHINA, VN, FRANCE AND MANY MANY MORE ALL AGREED AND FORGAVE LARGE % OF WHAT THEY WHERE OWED. THEY THEN AFTER FORGIVING LARGE AMOUNTS, SOME REPORTED AS MUCH AS 60% OF DEBT, THEY TOOK DINAR FOR THE BALANCE WITH THE UNDERSTANDING THAT THEY WOULD CASH IN POST A RATE CHANGE...THEY WERE NOT PLANNING OR EXPECTING A ONE TO ONE RATE...THEY KNEW THE PREVIOUS VALUE OR MORE. THIS IS ANOTHER AND PERHAPS THE BEST ARGUMENT THAT THE RATE WILL BE VERY GOOD FOR ALL OF US. [post 1 of 2....stay tuned]
10-22-2014 Newshound Gurus Bondlady & tlm724 Article quote: "the committee is trying to formulate a new law has the consent of all the political blocs to be passed and voted on during the current parliamentary session" ...ALL the things you/ we have waiting for are right on the doorstep! I am just so excited about the forthcoming days! I'll say this, the kurds were sworn in, new HCL law in the works, Erbril agreements all about to be finalized too. 10-22-2014 Dinar Guru Update Done: Several days ago Power Sharing and Seated GOI were marked as done on the guru "possible to do list"! [See Dinar Guru Resource Bar on the left of this screen]. With all that's been accomplished and the dinar news flying around the globe these past weeks, the Guru RV Meters have also made a slight adjustment after many many months of little movement...check them out! [see bar on the left] Time will tell if this is just an unsustainable blip in the guru sentiments or a positive trend that will continue in the right direction. Stay tuned as the next days and weeks will be very telling...
10-21-2014 Intel Guru Frank26 ITEAM's message... "We stand firm with October...We were at the meetings...If nothing happens by the end of October, then we don't know what...to tell you anymore because we were at the...meetings...and that is not their plan...for next year!" [ ITeam said they saw the Budget Opened yesterday. Doesn't that mean that they used some of its funds? If that's so, doesn't that mean that they have already changed the rate?] IMO...Yup.
10-21-2014 Intel Guru TerryK THINGS REALLY SOUND GOOD ACCORDING TO THE ARTICLES. SO KINDA SOUNDS LIKE IRAQ MAY PULL THIS ALL TOGETHER AND MAKE THINGS HAPPEN REAL SOON NOW THAT A [ABADI?] IS IN CHARGE. BE EXCITED. IT'S COMING.
10-21-2014 Intel/Newshound Guru Poppy3 SOUNDS LIKE THE LIFT THE ZERO'S PROCESS IS STARTING NOW AND THEY EXPECT TO TAKE UP TO 4 YEARS TO GET IT ALL OUT OF CIRCULATION. LETS GO BOYS LET HER RIP. ALSO SOUNDS LIKE A FIXED RATE AND NO FLOAT. TIME WILL TELL.
10-21-2014 Newshound Guru Enorrste Article: "A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation" ...remove the three zeros refers to the removal of the large notes from circulation and nothing else. Quote: "A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation." In other words, to "reduce the money supply."
10-21-2014 Newshound Guru Aggiedad77 Removing old currency is not an easy thing to do, it will take time...time for it to be drawn in, though they have done quite a bit of that already, time for it to just wear out...etc...to me this is continued good news from the Iraqi's and their new leadership. So what can we do....sit back and watch as things unfold over the next few days to a week or so...dig for evidence of new news, watch the word coming out of Iraq...watch what the world is doing to welcome Iraq onto center stage... [post 2 of 2]
10-21-2014 Newshound Guru Aggiedad77 The articles talking about removing the 000's in the next 5 years...I believe we are looking at something good here. They are speaking of action that intends to start with next year...being the next week or so by their calendar...and running for up to 5 years...They have long stated that they would allow new and old currency to run in tandem with one another for a period of time, and I believe they continue to say the same thing. [post 1 of 2....stay tuned]
10-21-2014 Intel/Newshound Guru tman23 I don't believe in an emergency RV...I believe we are witnessing the planned event that ran into mitigated circumstances directed by Iran and Maliki... I am thinking an international reinstatement with a rate of $3.48 that will show from Nov 3rd to the first of the year and then the zeros will be lifted from the notes...JMO.
10-21-2014 Newshound/Intel Guru BGG [What do you think They are waiting on?] Right now - I don't think they are waiting on anything, I think they had a few items to get done and they are moving right forward. [So...we are waiting on the finger to reach the button...? That's all?] Not positive - but if recent info is accurate, and it has proven as much thus far...very well could be.
10-21-2014 Newshound Guru Mountainman Just My Opinion But Seeing how The GOI is Reopening The Previous Laws from The Sadaam ERA...It makes Perfect sense that they would Also Reinstate That Rate = $3.21! That being said IMO...I don't see any reason for The Paris Club Members/Coalition Partners To Have ANY Incentive to Hold Contracts in DINAR for their Payback for Anything LESS! Knowing that WHEN Iraq Goes LIVE w/ The ISX...The World Will FLOOD Into IRAQ Like PIGS On SLOP...Then That RI RATE Will SKYROCKET... Don't FORGET about ALL the SKEPTICS who Are Going to Have "EGG" On their Faces...You Know the Ones Who Said "THE DINAR" Is A Scam ect...Yah then They Will Flock To Invest In IRAQ...And that Will Change Our World's Economy In Powerful Ways!
10-21-2014 Newshound Guru Enorrste In time, beginning next year (not necessarily January 1, incidentally), it will become necessary to begin removing the large notes from circulation (remove the three zeros) as the VALUE of the dinar rises. The actual risk here is DEFLATION, rather than INFLATION, because the same dinar will become more and more valuable (the opposite of inflation). Removal of the large notes from circulation will reduce the money supply gradually as the value rises, thereby reducing the risk of deflation, as we know it, and the risk of inflation (too many dinars) as the Iraqi's know it (too much money). Nothing has changed. The plan is about to unfold...Remember, if an RV were in the cards, then Greece would have done it years ago to get out of its little pickle. But an RV does not work. It is really just that simple. There is no free lunch. Economic growth is the only way to bring the dinar back to its pre-war value. [post 2 of 2]
10-21-2014 Newshound Guru Enorrste Article: "Deletion of zeros from the Iraqi currency" ...how can ANYONE be contemplating that they are even considering a LOP? The simple fact is that a LOP is NOT in the cards. The IMF has stated quite clearly in the last quarterly update on Iraq that they are quite satisfied with the STABILITY of the dinar over the last several years, and that they look forward to the GRADUAL appreciation of the dinar in the near future. Turkey LOPped zeros because they had 2000% inflation. Iraq has about 4% inflation. The process, and that is what this will be, is one in which, after moving to Article 8 of the IMF charter, Iraq will allow its currency to float. The opening of its currency to the world, Article 8, will allow two things to happen: first, the influx of goods and investment into Iraq from the outside; and second, the raise in the value of the dinar. [post 1 of 2....stay tuned]
10-21-2014 Newshound Guru Millionday TODAY [MONDAY] IS THE DAY THAT CBI WENT BEFORE PARLIAMENT. THEY DISCUSSED CONTROLLING MONEY LAUNDERING ISSUE TRADED FUNDS -- THE MONEY SUPPLY IN CIRCULATION AND THE BANKING LAWS THAT GOVERN CBI. Article quote: "al-Jubouri received today the Amir of the Islamic Group of Kurdistan Sheikh Ali Baber, and discussed with, during the meeting, the political and security situation in Iraq." IT LOOKS AS IF ALL ISSUES ARE BEING RESOLVED BY THE KURDS AND THE IRAQIS. THIS WITH THE MEETING WITH THE CBI IS NOTHING BUT GREAT.
10-21-2014 Newshound/Intel Guru BGG [the CBI has know all the numbers in circulation for some time. They also have given the criteria for economic reform which was a fully formed GOI. Why would they even make a statement if there was 1. No intent to revalue and 2. Their numbers did not make sense and a RV was not possible with the current numbers?] the easy solution to #2 is - use a lower "emergency rate" - which has been talked about. Will it happen (for sure) - who knows? But they are in a tough way and it would be an easy way out of 35 trillion in circulation.
10-21-2014 Newshound Guru Kaperoni Article: "Deletion of zeros from the Iraqi currency" IMO, I would rather see a gradual appreciation of the dinar based on economic investment as the IMF Article IV doc states. It's much safer and we are assured a substantial return on the investment if Iraq succeeds. I am not so sure this delete zeros (or should I say their is no guarantee) is good for us. ...nobody knows 100% what Iraq will do. I am still very hopeful the IMF will lead the way here.
10-21-2014 Intel Guru Delta [via Bulldogford65] Interior and defense ministers have been welcomed by UN. Regarding the ISX, they are working to attract international investors, however they cannot trade internationally without an international rate; X-stream is the international trading platform, and the ISX is to be back up on Oct 26.
10-21-2014 Intel Guru Frank26 I Team has confirmed that budget has been opened, recalculated, passed, and IMO, the new software is being loaded on the ISX, and IMO, contains the new rate; no one knows the date or the rate, however based on what they are telling us, how can the ISX come back up at 1166? What about the rate? ...it does not really matter what the rate comes out at, it is poised and structured to take off from whatever it comes out at; I Team says they still stand firm with October, they were at the meetings and heard the plan; watch the official Gazette. [post 2 of 2]
10-21-2014 Intel Guru Frank26 [via Bulldogford65] the ISX is closed, and understand what that means; with the articles coming out that there is an upcoming meeting of the GOI and CBI, know that the meetings have already taken place, I Team was guarding in the meetings and they are done; the GOI has opened and recalculated, and passed the 2014 budget. Be aware that after Oct 26, it is a new year in Iraq, so the article stating the three 0’s will be lifted “next year” understand that after the 26th it is the new year (note: Muharram 1, 1436 A.H. on the Islamic calendar is Oct 25 on the Gregorian calendar). [post 1 of 2....stay tuned]
10-20-2014 **** UPDATE Dinar Guru News Flash **** It appears to be official (as hard as it is to believe!!:) after over 20 years an inclusive Iraqi GOI cabinet is complete! This is huge news! MoD is Khaled al-Obeidi, a leading Sunni politician from the city of Mosul and Mohammed Salem al-Ghabban is the new interior minister from the Shia party...the Kurds were also awarded 6 cabinet posts! (inclusive power sharing!!) The official guru possible "to do list" items: Power Sharing and Complete GOI have been updated in the Dinar Guru Resource Bar on the left!! :) The gurus agree this is BIG for Iraq and big for us too! Stay tuned for more updates shortly! If you are not on the official Dinar Guru RV Alert List now is a great time...it's FREE and I send you all kinds of pre (and post) RV information you need to see. Click Here now to join over 85,000 of your dinar community peers...
10-20-2014 Newshound Guru My Ladies [via Bulldogford65] IMO, how can the ISX come back up without an international rate as the ISX will be linked to 25 international countries – how can the ISX be linked to other countries and not have an international rate when they resume on Oct 26?
10-20-2014 Intel/Newshound Guru Tlar Rate 1 to 1. When? This week. The stock markets will be testing by the 23rd. Active the 26th. Abadi asked the IMF last Saturday for a couple of days otherwise it would have gone last night. Thursday is likely day. He has his reasons and they are legit. 2015 budget to be opened when done. Will be another rate increase in it agreed to by Iraq. US is responsible for low rate to start. IF I AM WRONG THIS IS MY LAST POST.
10-20-2014 Intel/Newshound Guru tman23 WE all know for a fact that all indicators point to an underlying monetary change that they are busy concealing from public view...AND the BIGGEST CONFIRMATION is ALL REQUIRED LAWS have been passed...otherwise why would Speaker Jabouri be questioning the zeros.
10-20-2014 Intel Guru Mnt Goat Update on the 2014 Budget: First let me say the 2014 budget is not, I repeat not passed into law. In fact it is not yet even completed. They have not even submitted it to parliament as of today, so far. I believe it has to occur very soon to fund the war effort. There are also other laws too interconnected with the budget law since they are funded by it and the numbers have to be approved first by the laws then placed in the updated budget. It is hard to separate them. This week I totally expect to hear some news that the currency reform project will be restarted and a tentative implementation completion date given to us. In fact I will go out on a limb and tell you it will happen. We are many steps closer to an RV and we can almost see that the weeks (not months) ahead of us could bring us the progress we need to see. [post 2 of 2]
10-20-2014 Intel Guru Mnt Goat Iraqi progress is moving forward very rapidly now. The news is just amazing and this could turn out to be a very interesting week…hint…hint. ...let us now look at just where HCL is. I, as many do, believe this too is a key to getting the RV done. It also must be concluded to pass the budget. For some reason the original HCL law did not include the children of the Kurdistan region since their census (the basis for payment) excluded children. This is being remedied. This is the hold up with HCL. This law is not resolved until parliament votes and passes it. Once in the gazette we are home free. [post 1 of 2....stay tuned]
10-20-2014 Newshound Guru Stryker BREAKING NEWS...GOVERNOR OF THE CENTRAL BANK FOR "ALSUMARIA NEWS': THE BUDGET WILL BE SENT TO PARLIAMENT DURING THE NEXT TWO DAYS.
10-20-2014 Intel/Newshound Guru Poppy3 THE ONLY THING BEING DISCUSSED BY THE GOI AND PARLIAMENT AT THIS POINT HAS ALL BEEN FINANCIAL IN REGARDS TO THE BUDGET AND GETTING ALL THEIR PROJECTS OF REBUILDING STARTED BACK. THIS IS GREAT AND THEY ARE FOCUSED ON FINANCIAL REFORM. EXPECT MORE GREAT MOVEMENT IN PROGRESS ALL THIS WEEK.
10-20-2014 Intel/Newshound Guru tman23 Abadi and the CoM can place whom ever they want in the CBI position and Maliki made that quite clear when he appointed Ismail, it is on record at the cabinet of Iraq...That said; the lifting of the zeros is more than just one mans decision and there is a board of directors of the CBI...The Boards members are involved in other financial institutions such as trade bank etc...And Trade Bank is operated by JP Morgan...so the governor of the cbi is not the only one that can or will push the botton to get this going.
10-20-2014 Newshound Guru Millionday IF THE ISX GOES GLOBAL ON THE 26TH THEY WILL NEED TO HAVE A REALITY RATE FOR FAIR TRADE WITH THE GLOBE. [can they open the ISX as stated and not trade global?] I DONT KNOW...THEY MAY BE COMPLETELY READY AND THEY MAY NOT BE -- WE WILL HAVE TO SEE IF ALL GOES WELL AND THEY ARE DONE WITH ALL THEY WANT TO COMPLETE -- I KNOW THEIR GOAL IS TO OPEN TO A MARKET ECONOMY AND THAT IS PART OF IT.
10-20-2014 Intel Guru Hub [The three zero's has to be deleted in order to lower the note count to 1billion dinars, the note count has to be lower in order for a RV. .00086 is the rate so dropping 3 zeros = .86?] it does not mean .86 cents, that is the multiplier for the 1166 dinar per dollar...the term dropping the zeros means bringing the value of the currency to an rv'ed rate. the thing to remember is a dinar is worth what a dinar is worth no matter the size of the note.
10-20-2014 Intel Guru TD I too have confirmed with my source that the last two remaining ministers have indeed been named and approved. Iraq's government is just a new born baby and just now making baby steps trying to find itself amid a whole host of problems and obstacles .
10-20-2014 Intel/Newshound Guru tman23 Barzani demands to transfer economic power from the public to the private sector which will move against political instability...and the conversation leading to Kurdistan in the REMOVAL of the 3 zeros before the end of the year...I was told this is one of the Kurds conditions to participate in Iraq government...The ESX plans on opening "by years end" and they will not open dealing in IQD and 3 zeros.
10-20-2014 Newshound/Intel Guru BGG There are no "baskets" - if and when the IQD adjusts - it will be all alone and on it's own merit.
10-20-2014 Intel Guru TerryK FROM MY SOURCE ...I GOT IS THAT TUE NIGHT IS OUR NIGHT. WE SHALL SEE. IM ALSO HEARING THE DONG IS GOING TO BE VERY STONG.
10-19-2014 Intel/Newshound Guru Poppy3 GUYS THINGS ARE SHAPING up for a pay day at anytime. HERE IS A VERY DISTINCT POSSIBILITY...AS YOU KNOW PARLIAMENT HAS CALLED THE CBI LEADERSHIP ON THE CARPET AND scheduled them for Monday OR TUESDAY. THEY ARE BEING CALLED ON THE CARPET TO EXPLAIN WHY THEY HAVE NOT RAISED THE RATE AND STARTED REMOVING THE THREE ZERO DINAR FROM CIRCULATION. I SUSPECT SINCE THE BUDGET WAS APPROVED AND SHOULD SHOW IN THE GAZETTE ANYTIME NOW THAT THESE OLD BOYS AT THE CBI WOULD MOVE TONIGHT OR TOMORROW TO START THE REMOVAL TO GET THE HEAT OFF OF THEMSELVES BEFORE THEY HAVE TO APPEAR. WE WILL SEE BUT THINGS REALLY LOOK GREAT FOR US AT THIS TIME.
10-19-2014 Newshound Guru My Ladies THE ISX WEB SITE AND ATTACHED...PDF ADDRESSED TO "THE COMMITTEE OF THE CURRENCIES AND FINANCIAL INSTITUTIONS"...IS AN OFFICIAL DOCUMENT GIVING THE PROOF IN WRITING THAT THE BOARD OF GOVERNORS DID IN FACT ANNOUNCE ABOUT THE UP GRADED SYSTEM OF X-STREAM. IN OUR VERY PRELIMINARY DISCOVERY...BASED ON THE TECHNOLOGY AND THE PARTNERS ON THE PDF IT IS VERY CLEAR THAT IRAQ AND OTHER MIDDLE EASTERN COUNTRIES WOULD ONLY USE X-STREAM TO CONNECT TO NORTH AMERICA. IN OUR OPINION BASED ON THESE FINDINGS WE SEE NO OTHER OPTION FOR IRAQ THAN TO BE INTERNATIONAL WITH A RATE BY THE TIME THE SYSTEM COMES BACK UP ON THE 26TH. [post 2 of 2]
10-19-2014 Newshound Guru My Ladies WELL TODAY IS THE 19TH AND WOULD SEEM THAT WE HAVE BEEN ASSIGNED THE TASK OF DIGGING FOR THE RATE THAT WE ARE TOLD BY ITEAM IS OUT THERE. SO WHERE TO BEGIN? FROM THE ISX WEB SITE ...IS A PDF ADDRESSED TO "THE COMMITTEE OF THE CURRENCIES AND FINANCIAL INSTITUTIONS", FROM THE BOARD OF GOVERNORS THAT HAS GIVEN US THE CLUES WE NEED TO START THE DIGGING. [post 1 of 2....stay tuned]
10-19-2014 Newshound Guru Breitling Everyone is stuck on the ISIS…what people don't realize is that it was triggered by Sunni and Shia groups…they hate each other. It's a civil war…it's not in Iraq it's in the middle east. It's very simple. If we understand this it's not ISIS but a Shia vs. Sunni problem. It's not going to go away…anytime soon. So where does that leave us?…Can they grow their economy under this situation at a fast pace like they were doing before? Can they increase their currency? Absolutely. Can they get it to the $3 rate…with just oil production? They already did before Saddam Hussein started messing around…so those are yes answers.
10-19-2014 Intel Guru Mnt Goat The USA is still pushing for approval to send in more troops as “boots on the ground” to fight ISIS. It is my understanding of the situation this will happen next week as the troops are now already on route to Iraqis soil. There are still many security concerns mainly with the provincial banks. The CBI is not going to RV the currency until they have assurances that these banks can not be raided... Then when can we expect the RV? I want to emphasize once again this final announcement of the IQD going international will not happen until the USA feels the country of Iraq and its government is stable, secure, non-sectarian and is a functional government. I am no longer saying fully formed government as criteria since I believe this requirement has now been completed. It is the very first “fully” seated government for Iraq since the invasion of 2003. [post 2 of 2]
10-19-2014 Intel Guru Mnt Goat So...Saturday 10/18 a parliamentary source for "Twilight News", has told us that 197 deputies voted in favor of confirming candidate for the bloc Badr Mohammed Ghaban minister of the interior, while the candidate of a coalition of national forces confirmed Khaled al-Obeidi, with 173 votes to the Ministry of Defense. It is finally done! There has been some talk about the budget this week. It did not arrive at parliament as expected this week. It has not been passed. So on Saturday, Finance Minister Hoshyar Zebari said he would work to expedite the completion of the budget of 2014 and sent to the Cabinet for approval, pointing out that the time has come to start work after the completion of the government of Prime Minister Haider al-Abadi. This is all very good news. The next session of parliament is taking place on Tuesday 10/28 and the budget is on the agenda. I would expect this event to be completed at this time or shortly after. We could get the budget next week. [post 1 of 2....stay tuned]
10-19-2014 Newshound Guru Millionday [is the RV reflected in the budget?] I DONT KNOW BUT WOULD EXPECT WITH THE DEBT AGREEMENTS AND ALSO THE CONTRACTS IT WOULD NEED TO BE AT A REALITY RATE FOR THAT TO BE DONE. [What will be their next step of accomplishment?] THEY WILL START DISTRIBUTION OF THE DINAR AND ALSO ACTIVATE ALL LAWS FOR MARKET ECONOMY. [When will they be passing and voting the HCL? And if it is passed and voted on, when will it be posted in the Gazette?] THEY ARE SUPPOSED TO HAVE IT IN PARLIAMENT AT SESSION AND IT IS PRINTED RIGHT AFTER. [post 2 of 2]
10-19-2014 Newshound Guru Millionday THE NEWS IS FANTASTIC...WE HAVE A DEFENSE MINISTER AND AN INTERIOR MINISTER...THE KURDS GOT WHAT THEY WANTED...NOW THEY ARE WAITING FOR THE KURDS TO GET TO WORK WITH THEIR POSITIONS IN THE MINISTRIES AND ALSO HAVE APPROVED THE BUDGET...YES THEY APPROVED THE BUDGET...IT IS NOT IN THE GAZETTE YET UNLESS THEY HAVE PLACED IT AND NOT REPORTED IT AS OF YET. [post 1 of 2....stay tuned]
10-19-2014 Newshound/Intel Guru Arthur It should be extremely plain for all to see now that GOI + HCL = RV. For the very first time we now have the first half of our equation completed with the GOI now all working together as a unified Iraq. With Barzani and his delegation soon to be in Iraq for decisive action on the new HCL draft which will now be easily consented to by all of the newly inclusive blocs, we will finally have our long awaited end to all outstanding differences between the Kurdistan Regional Government and the Federal Government about the oil. Per committee member Kawa Mohammed: "The previous problems between the center and the region will now be resolved in accordance with the preparation of a new oil and gas (HCL)," adding that "the committee is formulating a new law has the consent of all the political blocs to be passed and voted on during the current parliamentary session." This is what we have all waited what seems like a lifetime to see which should provide the international political and economic confidence necessary for the implementation of all monetary reforms which includes a reality market rate for the IQD.
10-19-2014 Intel Guru TD Although Iraq knows their path forward is a market driven economy and diversification from oil dependence, it is way too early amid the chaos of any infusion of foreign capital investments by MNC's. Tourism is non existent. My friend indicates that the CBI (so far) has curtailed through monetary mechanisms any decline in the rate of the dinar BUT that budgetary pressures and continued lack of improvement of the disruptive forces of ISIS could and would yield to unbearable ripple effect pressures on monetary policy going into 2015 as the Financial Times article alludes to. At least in the short term it is quite clear based on all these factors that Iraq simply cannot risk nor pay for any increases in the value of it's currency. [post 2 of 2]
10-19-2014 Intel Guru TD Noteworthy article from THE FINANCIAL TIMES proposes that "Iraq will "almost certainly" run a deficit in 2015". It goes on to say that the GOI could borrow against it's reserves but this would bring upon the risk of increased inflation and therefore weakening it's currency. I had a chat with my Kurdish friend (an economist) regarding such and he confirms that the current budgetary concerns are real and possibly to get worse going forward. Although Iraq is receiving military assistance they are responsible for the tab of rebuilding their military. Unfortunately they are still losing military bases and along with it millions of dollars in ammunition and hardware. Coupled with loss of economic productivity is the declining price of oil. [post 1 of 2....stay tuned]
10-19-2014 Intel Guru Frank26 FOR THE FIRST TIME IN TWELVE YEARS WE HAVE A FULLY SEATED AND FUNCTIONING GOI. KURDS ARE ECSTATIC! THE FINANCE MINISTER IS THEIRS. AFTER THE 19TH, PARLIAMENT WILL HOLD ON MONDAY...AN UNUSUAL SESSION SO SAYS TODAYS ARTICLES. WHY? BECAUSE THE NEW FINANCE MINISTER SAID TODAY THE 2014 BUDGET WILL BE OPENED RIGHT AWAY. THE HCL TOO HAS BEEN DONE ...ONLY NEEDED "SOMEONE" TO IMPLEMENT IT...BUT NO CAN IMPLEMENT IT WITHOUT A RATE. NOT SURE WHEN, BUT WE NEED TO SEE GOI MEET WITH CBI TO TELL THEM THEY HAVE THE LAWS CBI WANTS. THIS MOF [MINISTER OF FINANCE] WAS A BIG KEY TO TURN THEIR CURRENCY INTO SOMETHING OF WORTH ...TO THE INTERNATIONAL WORLD! ITEAM JUST TOLD ME...THE ENVIRONMENT IN BAGHDAD IS AN AIR OF EXPECTATION AMONG THE CITIZENS OF IRAQ!!! 10-18-2014 Newshound Guru Kaperoni Article: "Mladenov welcomed the completion of the process of government formation" Quote: "The United Nations Mission said in a statement: "the Mladenov welcomes the filling of vacant posts in the Government and the ministries of Interior, defence, finance, culture, tourism and migration, women and the State and the post of Deputy Prime Minister and their oath." Good to see the UN step up and comment right away in support!
10-18-2014 Intel/Newshound Guru Poppy3 FROM WHERE WE ARE TODAY THE HURDLES ARE FEWER AND SMALLER THAN EVER BEFORE. THE BALL IS ROLLING DOWN HILL FOR US AT THIS POINT. THE SPEED AT WHICH THEY CAN GET THIS DONE HAS INCREASED AS WELL... THEY SAY THEY ARE GOING LIVE ON THE ISX IN JUST A FEW DAYS SO WE WILL BE ON ALERT EVERY MINUTE DAILY NOW AS THEY MOVE FORWARD. THEY HAVE RUN THEMSELVES OUT OF MONEY AND NEED THIS COMPLETED ASAP. TIME WILL TELL BUT MY EXPECTATION ARE HIGH THAT IT HAPPENS VERY QUICK. [post 2 of 2]
10-18-2014 Intel/Newshound Guru Poppy3 OK WE GOT MINISTERS AND THEY ARE CONFIRMED. NEXT PROCESS IS TO IMPLEMENT FULL FINANCIAL REFORM PROCESS. THIS MEANS DRAW IN AND REMOVE ALL 3 ZERO NOTES IT ALSO MEANS TO ACCOMPLISH THIS THEY MUST ADD ENOUGH VALUE TO THE DINAR THAT PEOPLE WILL GAIN CONFIDENCE IN THEIR OWN CURRENCY AND START USING IT OVER THE USD. THEY HAVE BEEN REMOVING 3 ZERO NOTE FROM THE STREETS FOR A WHILE NOW BUT MILLIONS ARE STILL IN CIRCULATION AROUND THE WORLD SO THEY WILL NEED 24 TO 36 MONTHS BEFORE THEY STOP EXCHANGING THEM. [post 1 of 2....stay tuned]
10-18-2014 Newshound Guru Stryker Parliament session has been lifted today to Monday the 22ed [Monday the 20th?], where we should start seeing movement on all the stalled laws including and not limited to the HCL, and the 2014 budget approval process. The Budget though should now be front and center in their upcoming agendas. We will as always, wait to see but it all sure looks good to be moved forward since the Federal Courts can not interfere anymore, it's all up the this new government and parliament now. I for one have great confidence that they will do what needs done! As Iraqi dinar investors we have never been in a better spot, a true Iraqi democracy should mean a global Iraq, with a global valued dinar. [post 2 of 2]
10-18-2014 Newshound Guru Stryker FINALLY A FULL SEATED IRAQI GOVERNMENT. Our best chance in seeing the true value of the Iraqi Dinar is finally here. Today was the most historic day for Iraq under this new government headed up by Prime Minister Haider al-Abadi. It was just September 8th, a little over a month ago since Abadi and he’s new cabinet was voted in with confidence as the New Government of Iraq and today he has achieved the formation of the First Real Full Seated Iraq Government. Something Maliki never did accomplish, nor did he ever want too! ...all five Kurdish Ministers were sworn in today as well, making today the most important and accomplished Parliament Session in the history of the New Republic of Iraq. With all ministers now sworn in this gives Iraq a real Government since the liberation of Iraq took place in 2003 and the formation of the new Iraqi Constitution October, 2005. [post 1 of 2....stay tuned]
10-18-2014 Newshound Guru Bondlady ...kurds, before swearing in today, went to the fed gov and wanted assurances they were gonna get their way if they joined the Abadi gov today. they wanted fed rulings on some of the laws in question as well as other Erbril points. the feds said we can't do that yet as it hasn't went thru the (basically) the chain of command yet...fed gov says until this is done our hands are tied. they also gave Abadi 24 hrs from yesterday to bring forth the remaining ministers for the vote to complete the new Abadi government. as we see going through the news this morning that's exactly whats happened. the ministers was brought in and put to the 1st vote to seat them and then the huge laws will be put forward for their votes following the seating. ...with the new Abadi gov all things that weren't done before are all happening now and will soon see the biggest boom of all things taking place in Iraq...
10-18-2014 Newshound Guru tlm724 this is hot off the presses at Parliament "House of Representatives vote on the complete line-up. The House voted Directors held today Saturday, 18/10/2014, headed by Mr. Saleem al-Jubouri, head of the Council on the remaining ministries of government formation. The ministers sworn in the presence of 261 deputies. They are: 1.Mr. Rose Nuri Shaways / Deputy Prime Minister. 2. Mr. Mohammed Salem Ghaban / Minister of the Interior. 3.Mr. Khalid tired Obeidi / Defense. 4.Mr. Hoshyar Zebari / Minister of Finance..."
10-18-2014 Newshound Guru Millionday THEY HAVE MADE HUGE PROGRESS WITH SAFETY IN BAGHDAD. THE EXPO IS GOING ON SO IT CANT BE TOO SCARY OR INSECURE...-- I KNOW IT ISNT IDEAL BUT SEEMS TO NOT STOP THE CONTRACT VISITS.
10-18-2014 Newshound Guru Aggiedad77 It is always really good to wake up to great news about our investment and it seems it is coming rather fast and furious these days...both the Interior and Defense Ministers were voted on in Parliament today and approved...the Kurd ministers were also sworn in...so a triple whammy of sorts...wonder what else this day might bring to us.
10-18-2014 Intel Guru Frank26 We NOW have a COMPLETE GOI.
10-18-2014 Newshound/Intel Guru BGG [I know the ministers were voted on but does anyone know if they were sworn in as well?] It appears they have been...given "confidence" by the Parliament is the biggest thing. It has been reported the Kurdish MP's were sworn in as well. It is massive news.
10-18-2014 Newshound Guru wmawhite Breaking News...Ghaban Interior Minister, Obeidi Defense Minister: "BAGHDAD / NINA / House of Representatives voted in its session today to approve the nomination of the ministers of interior and defense. A parliamentary source told the National Iraqi News Agency / NINA /: "The House of Representatives voted on the candidates for the Ministry of Interior, Mohammed Ghaban by 197 votes and Defense Minister Khaled al-Obeidi by 173 votes,"
10-18-2014 Newshound Guru My Ladies THE BUDGET AND THE OIL AND GAS ARE TIED TOGETHER SO ARE THE BUDGET AND THE MINISTERS. ...I THINK WE CAN CONFIRM THE TIME LINE WITH OIL AND GAS UNDER WRAPS IN OUR OPINION THE MINISTERS ARE RIGHT BEHIND THE DROPPING OF ZEROS WHICH WILL SHOW THE RATE, WHICH WILL OPEN THE BUDGET, AND THE MINISTERS WILL POP OUT. LET’S ALL WATCH PARLIAMENT SESSION TOMORROW [SATURDAY]...IF KURDISTAN SWEARS IN THEIR MINISTERS TOMORROW AT THE PARLIAMENT SESSION THAT WILL TELL US MANY THINGS.
10-18-2014 Intel Guru TNT Tony The CBI and finance minister are being asked in parliament why this hasn’t been done. There are at least two other issues being resolved behind the scenes, and one has to do with security and the other has to do with politics. The security one is actually involved with the currency. They are getting closer and closer to getting this done. It was supposed to be Thursday, then today, and we may not see it until Sunday. It still could be any time. Hopefully this is the time, it’s been scheduled every day, so we’ll see what happens this weekend. Everyone is prepared and in place, and it should happen.
10-18-2014 Intel Guru DC As for the rates...There are some saying the dinar will be about one dollar to start with, rising to three dollars. Bottom line, we told you $3.58 was announced everywhere, and loaded on the cards starting October 1. Last Friday afternoon, from multiple sources, we heard that the US loaded about one dollar into their system and through the banks...the US has done this before to force the issue, as a negotiation point. So those saying “it’s $1 now”, that is technically true, but it’s only a negotiating tactic to force a function. I think we will see it at the middle-threes or come out at a dollar, but if so, there is no way it will stay at a dollar. In all these years, the price has always been $3 or higher. I strongly suspect it will be changed back up to the agreed rate. Just this week, there have been discussions about “dinar and dong only, and the rest will go some time”...if that will actually happen, nobody knows. [Have you heard a rate for the dong lately?] The rates we have heard are pretty phenomenal for the dong – higher than I ever expected they would be. [post 2 of 2]
10-18-2014 Intel Guru DC [via Adept1] In Iraq, there were announcements to be made on Thursday, formally announcing the interior and defense ministers, and also some other formal announcements. That was supposed to trigger the CBI actions as well. Lo and behold, everyone got together and said, “well, let’s hold it off to Friday or Saturday”. That is the supposed to be the precursor to the RV. Banks are ready and prepared all over Iraq. ISIL is a serious issue, but they are being pushed back, although there have been some strikes near Baghdad. Everyone I have talked to in intelligence and the military say they don’t have a chance, they are just an annoyance. They are not that concerned. The UST, law enforcement, intelligence are all on super-high alert to get this done now – they ramped back up yesterday and today, watching the screens and phones until this gets done. The banks are ready and doing the same thing as the other agencies. [post 1 of 2....stay tuned]
10-18-2014 Newshound Guru My Ladies I GOT A CALL ...ASKING IF I WAS WATCHING THE NEWS. THEY ARE TALKING ABOUT CENTRAL BANKS AROUND THE WORLD CO COORDINATING TO RESET INTEREST RATES. ...THINGS ARE COMING OUT IN MAIN STREAM MEDIA. ...IT IS MY OPINION THAT THINGS DO NOT HIT PRINT THAT ARE IN PROCESS, WHEN THEY SAY THINGS ARE COMING, THEY MEAN THEY ARE HERE AND WE ARE JUST ASSIGNING CREDIT BY PRINTING IT. IN OUR OPINION WE ARE VERY CLOSE FROM EVERY CORNER... 10-17-2014 Newshound Guru Millionday THE MINISTERS ARE TO BE SWORN ON SATURDAY AND THIS UNIFICATION WITH THE KURDS AND IRAQ IS GOING TO CREATE A FORCE -- A UNIFIED FORCE. I COMPLETELY EXPECT THE SWEARING OF MINISTERS...WE SHALL SEE WHAT THE RESULTS ARE AS SOON AS TOMORROW.
10-17-2014 Newshound Guru Kaperoni It's absolutely imperative that the CBI open the banking system (IMF Article VIII) for the market economy to succeed. They "must" move to a new Exchange Regime (some kind of float) when they transition. The dinar will rise as a result of capital investment..no "ifs", "ands" or "buts" about it.
10-17-2014 Newshound Guru Mnt Goat Update on the Currency Reform Project: A member of the parliamentary Economic Committee, Najiba Najib made a request for implementation of the “project to delete the zeros” from the currency. The Commission asked for the economy and investment representative, earlier, the central bank need to begin the process of deletion of zeros from the currency to raise its monetary value. Also there was a request from the Finance Committee to do the same this week. At last we are hearing once again, and in public eye this time, the need to address currency reform. [post 3 of 3]
10-17-2014 Newshound Guru Mnt Goat Quick ISIS Update: in today’s session of parliament Iraq are now seriously talking about a possibility of letting western troops back into Iraq...they are beginning to discuss the possibility that it is no longer an issue to not allow western troops back into Iraq, it is almost now a necessity. I believe this will occur very soon...the USA already has agreements with Iraq to provide long standing security with Iraq. I believe that US Forces are now ultimately going to return to Iraq (in force) to fight ISIS sometime soon in fall of 2014. It is not a matter of “if” but “how soon”. I think this too is a key to seeing the RV. [post 2 of 3....stay tuned]
10-17-2014 Newshound Guru Mnt Goat On Wednesday 10/15 we were supposed to see the candidates once again presented to parliament. ...Prime Minister Haider al-Abadi asked parliament once again to extend the deadline to provide the names of the security ministers to within 24 hours. It was granted. So once again the vote for confirming these last two critical positions in Abadi’s cabinet is postponed to next Saturday’s session on 10/18. Abadi wants to make darn sure this time his candidates will be accepted. He needed yet more time to negotiate with the National Alliance so they will vote and confirm is his favor. [post 1 of 3....stay tuned]
10-17-2014 Newshound/Intel Guru Bluedog I've been in this too long to get too excited, but the news is looking really good.
10-17-2014 Newshound Guru Backdoc ONCE THIS FINAL ISSUE IS RESOLVED WE WILL SEE THE BING, BAMM,BOOM! REALIZE THIS ALSO MAY RESOLVE AND HAPPEN AFTER THE 18TH AND PRIOR TO THE 26TH. AN INTERNATIONAL RATE WILL HAVE TO BE AT THE BANKS FOR SURE IF IRAQ IS LIVE ON THE NASDAQ!! THERE IS NO OPTION TO THIS ISSUE. THE ONLY POSSIBILITY THAT MAKES SENSE IS THAT IT WOULD AT LEAST HAVE TO NEED TO BE AT THE TELLER SCREENS BY THAT POINT AS WELL. COULD THE BANKS PUT A HOLD ON IT TO PUBLIC AT THAT POINT? I DON'T KNOW BUT IT SEEMS UNLIKELY IF STOCKS ARE BEING TRADED IN THE NEW REALITY RATE!! [post 2 of 2]
10-17-2014 Newshound Guru Backdoc WITH THE STOCK EXCHANGE SHUTTING DOWN ON THE 19TH TO THE 26TH, I'VE NEVER BEEN MORE HOPEFUL FOR AN INTERNATIONAL RATE! ...ONCE THE IRAQ STOCK EXCHANGE GOES LIVE ON THE INTERNATIONAL PLATFORM THROUGH THE NASDAQ A RATE MUST BE INTERNATIONAL! THAT'S THE GOOD NEWS! THE BAD NEWS IS IF THEY FAIL TO RESOLVE THE SEATING OF THE MINISTERS, THE MARKET WILL NOT GO INTERNATIONAL! THE PRESSURE IS ON THE NATIONAL ALLIANCE TO COMPLY ON THE MINISTER ISSUE. REMEMBER, THE KURDS ARE WATCHING AND WAITING TO BE "ALL FOR ONE AND ONE FOR ALL".MY GUESS IS THEY WAITING IN THE WINGS OF PARLIAMENT. [post 1 of 2....stay tuned]
10-17-2014 Newshound Guru Stryker QUOTE: "enable Parliament to submit proposals laws means that only the government has the right to submit bills and we are now waiting for them to prepare all the bills that was on the level of security or service in order to begin the procedures of legislation." Maliki had he's corrupt judge hold everything back and why we never saw the RV take place under he's tenure is my point, but that is over now! The NEW GOI is in charge of Iraq's future NOW! The first day of Iraq's new history starts tomorrow in my opinion friends! [post 2 of 2]
10-17-2014 Newshound Guru Stryker Article: "Kurdistan Alliance: Federal Court made the Parliament restricted hands in approval of Laws" QUOTE: Najib said that "the decision of the Federal Court is not empowered and enable Parliament to submit proposals laws means that only the government has the right to submit bills and we are now waiting for them to prepare all the bills that was on the level of security or service in order to begin the procedures of legislation." This...article could be arguably the most important article in the history of our investment in the Iraqi Dinar to date. This is great news my friends because the courts are now out of it and it is all up to Abadi's government to move THESE MOST IMPORTANT LAWS FORWARD... [post 1 of 2....stay tuned]
10-17-2014 Intel/Newshound Guru Poppy3 TOMORROW SHOULD BEAR GREAT FRUIT FOR OUR VENTURE. WE SHOULD TAKE A GIANT STEP FORWARD IF THEY DO WHAT THEY SAY.
10-17-2014 Newshound Guru tlm724 Article: "Najiba Najib: the dispute between Erbil with Baghdad on oil exports almost settled" Quote: "revealed a member of the parliamentary finance committee for the Kurdistan Alliance Najiba Najib, on Thursday, that the outstanding problems between the central government and the Kurdistan region on oil exports 'almost settle'..." thats coming from a finance minister and a kurd. Article: "Minister to postpone the vote on the Kurds to next Saturday". Kurds will get sworn in when they settle with Baghdad which will lead to a vote on the budget, that's how I see it.
10-17-2014 Newshound Guru Millionday PARLIAMENT HAS CALLED ON THE HEAD OF CBI TO COME BEFORE THEM TO EXPLAIN WHY THE 3 ZERO CURRENCY HAS NOT BEEN REMOVED AND WHY THE VALUE HAS NOT BEEN RAISED -- ALSO AN ANNOUNCEMENT HAS BEEN GIVEN THAT THEY ARE PREPARED AND ARE READY FOR THE DINAR TO BE RAISED TO A REALITY RATE AND THAT THEY ARE PREPARED TO MOVE TO A MARKET ECONOMY -- ALSO THE ISX HAS ANNOUNCED THAT THEY WILL BE CLOSED UNTIL THE 26TH OF OCTOBER TO UPDATE TO X-STREAM -- THIS IS TO DO WITH THE OMX NASDAQ PLATFORM THROUGH NEW YORK OR OF NEW YORK STOCK MARKET -- ...WE CAN SAY THAT THEY HAVE EXPANDED TO A GLOBAL PLATFORM AND THIS IS VERY EXCITING AND ENCOURAGING...DUE TO THE NEED FOR A REALITY RATE OF THE DINAR TO DO FAIR TRADE WITHIN THE GLOBE.
10-16-2014 Intel Guru TerryK HEARING A LOT OF STUFF THAT THIS MAY GO DOWN TONIGHT OR TOMORROW. HEARD O HAS HIS SHORTS WADDED UP BECAUSE HE TRIED TO STOP THIS AGAIN AND CHINA SAID I DON'T THINK SO. IF THESE...SOURCES HAVE THEIR CxxP IN LINE THIS TIME I THINK WE ARE IN FOR A DANG GOOD WEEKEND.
10-16-2014 Intel/Newshound Guru Poppy3 I EXPECT TO SEE RATE ANYTIME BUT WILL FEEL BETTER WHEN THE GET THE MINISTERS SEATED. I JUST DON'T HAVE THE TIMING OF WHEN BUT I CAN TELL THAT TIME IS VERY CLOSE.
10-16-2014 Newshound Guru tlm724 Article: "Jubouri reveals the nomination of Mohammed Salem Ghaban to the Ministry of the Interior" looks like we have an interior minister...Jubouri reveals the nomination of Mohammed Salem Ghaban to the Ministry of the Interior and agreed on a candidate to defend Khalid Obeidi, expect to vote on the security ministries next Saturday...so it may not be as quick as we want but it is getting done.
10-16-2014 Intel/Newshound Guru Poppy3 NEWS FOR WEEKS NOW HAS BEEN EXCITING AND ALL POSITIVE. NO ONE OR NO GROUP IS HOLDING IT OFF, IT JUST ISN'T THE TIME YET BUT IT IS APPROACHING EVERY DAY AND THE NEWS ALL BACKS THAT UP.
10-16-2014 Newshound Guru Millionday Article quote: "Nabil Elaraby, Secretary-General of the League of Arab States, will travel to Iraq, next Sunday..." THE ARAB WORLD IS COMING ON SUNDAY IT APPEARS... THE VISIT WAS PLANNED EARLIER BUT THEY DID NOT HAVE ALL OF THE NEW GOV -- SO IT APPEARS THEY EXPECT TO HAVE THAT DONE...
10-16-2014 Newshound Guru tlm724 I would almost bet that the CBI will say we just need to make a few amendments to the current CBI laws on the books to protect our wealth from terrorism and forgery and we are ready to rock and roll and you know once they seat the kurds in parliament making those amendments won't be hard at all, new players, new attitude, new Iraq! If there was ever a time this is it and those that know me know that I have NEVER been this excited! I have never given a window either but we are close and I feel that we will be good to go by the first quarter of the new year, January even if not before, jmo. [post 2 of 2]
10-16-2014 Newshound Guru tlm724 Article quote: "the coming days will witness the hosting Iraqi Central Bank Governor Ali agency relationships, in order to discuss a mechanism to delete the zeros." The GOI is ready and wants to move this project forward thats what this means "in order to stand on this file and how to deal with him in the coming period" I am very excited! I feel very good things coming our way, our patience is about to pay off. The GOI, Abadi and the CBI are all making sure the transition into a market economy is as smooth as possible, the ISX is getting ready to rock out the X-Stream platform ( Nasdaq) all the pieces of the puzzle are coming together. [post 1 of 2....stay tuned]
10-16-2014 Intel Guru TNT Tony There is nothing stopping this from happening – no reason within the process. If it stops it’s for outside reason, to accomplish something else. It should have happened yesterday. Iraq is ready to do this. Monday evening was rescheduled for Thursday. They keep posting this on their television, giving people different explanations. Now, today, the CBI and finance ministers talked for quite a while about how this is ready. So it is not Iraq. This has gone back and forth. They did ask for the extension over the weekend, but they were ready again by Monday. It’s a constantly moving target. There is a window and a time for it to be taken off hold. [post 2 of 2]
10-16-2014 Intel Guru TNT Tony [via Adept1] We put 10-12 years into Iraq in order to get a monetary return and a future. ISIL has taken on a life of its own, much father and faster than expected, but we’re still not going to let Iraq fall into ISIL’s hands. Now the news is talking about Baghdad being surrounded, and at the same time we know that there are over 80 representatives discussing how to rebuild Baghdad and the Iraqi economy, and people think that Baghdad is about to be overrun by Friday?! What is the reasoning for painting that picture? On Saturday, Fox News put out an articles saying that the two final ministers had been named, and...the Budget has been passed and will be formally announced on Thursday. [post 1 of 2....stay tuned]
10-16-2014 Intel/Newshound Guru tman23 The only way a RV happens in the short TERM is we need to see US BOOTS ON THE GROUND with foreign countries also. [Is...what you're saying you don't think this thing is going to happen until there's boots on the ground which probably won't happen until the first of the year?] I think we need to wait and see if any monetary change takes affect and we get notice Tuesday Nov 4th...day after our Fed Board meets on foreign exchange rates...And the week the Kurds should receive first payment to the region. When I say Nov 4th...it is because of several events that are lining up before that week and during that week...and not all of it pertains to Iraq but rather ties into a bigger ribbon that includes other agencies outside of Iraq...And if I were to bet I would wager on the First week of Nov as of right now...this is all IMHO! [post 3 of 3]
10-16-2014 Intel/Newshound Guru tman23 Here is what is confusing...I am told that between Erbil and Baghdad the roads are open and safe to travel now and trade and shipping transfers have resumed...There have been no incidents reported for weeks...So just how much of what is happening is being over cooked? We know Sunni territory is where the heat is...US coalition wants boots on the ground and extra security. [post 2 of 3....stay tuned]
10-16-2014 Intel/Newshound Guru tman23 IMO...There will not be an RV until foreign boots are able to assist Iraq with security on the ground...And reports are being whispered that yesterday...21 countries said yes to boots on the ground...Iraq can say no all they want...But be assured that 21 nations are not interested in Iraqi pride being the dictator to how the nations should proceed and spend their money in military assistance... Simple terms...How many of you think a US Bank or US Treasury are going to give you huge sums of USD for IQD and risk their bottom line on the ASSUMPTION that Iraq will eventually get the security situation under control...NO WAY IN EVVVVER...Banks want collateral and security and Iraq lacks security which jepordizes their collateral. [post 1 of 3....stay tuned]
10-16-2014 Intel Guru DC The cards are still at $3.58... They have voted on a lot of laws, and they are finishing up passing laws now related to the RV and the Budget. That should be published tonight or tomorrow; it’s not required for the RV but it helps. ISIL is still in the country; there have been setbacks, but...this is a manageable situation. They are not surrounding Baghdad, and that is mainly for the press. There are some serious battles, but throughout the province rather than IN Baghdad. US banks are cued up and ready. Some banks have full staff ready, some have people on 30-minute call-back. Every organization has trained staff, and they are all exhausted and ready to get this done. Everything looks really nice. We are quite ready to get this thing going. [post 2 of 2]
10-16-2014 Intel Guru DC [via Adept1] The GOI and CBI set this off on Monday night, sending the GO instruction to the BIS and IMF. Their boards are controlled by the US, more or less. They don’t have much day-to-day influence, but they do have some say on the RV+GCR. IMF was fine, but the BIS had someone say “Well…” and they stopped the process. In terms of Iraq, there are explanations on television saying they are ready for its international banking and currency reform, everything is ready and fine. They are basically saying this is going to go at any time – that’s on TV right now, and it’s coming from the PM, the CBI and a few others like the finance minister. That looks really good, and it puts pressure on everyone else. [post 1 of 2....stay tuned]
10-16-2014 Newshound Guru Adam Montana Ministers of Interior and Defense still not seated..this one surprised me. Abadi and the entire GOI seemed to be on a massive fast-track right up until about 2 weeks ago, an now we're seeing them stall on these two appointments. Fortunately, it's a simple process - they vote for candidates and Abadi chooses. I don't foresee this taking too much longer, as things continue to move reasonably smooth in Iraq, despite what this one situation would lead you to believe. GOI could be moving a little faster, but things are getting done at a faster pace than anytime in the last 8 years.
10-16-2014 Newshound Guru Millionday [Can Iraq rebuild their economy without an RV? ] IF THEY REMAINED WITH BORDERS CLOSED AND HAD NO MARKET ECONOMY THEY COULD FREEZE IN TIME -- NOT GOING TO HAPPEN. THEY CAN NOT REBUILD THEIR ECONOMY WITHOUT A REALITY RATE AND THE GLOBE DUE TO THE WORLD ECONOMICS AS WE KNOW IT TODAY...THEY ARE PREPARING FOR THE USE OF THEIR NEW DEMOCRACY AND ALSO INTERNATIONAL COMPLIANCE TO MONOPOLIZE ON THE GLOBAL MARKET AND THE WTO -- SO GETTING ALL OF THOSE REGULATIONS DONE AND IN PLACE WOULD BE WHY WE HAD TO WAIT...
10-16-2014 If you're new to the dinar or if you feel lost, be sure to check out the Start Here Tab at the top of this page....lots of information about the dinar in there including Dinar Myths...
10-15-2014 Intel Guru WILDDUCK THE SYSTEM FROM MY POINT OF VIEW IS ON TIME AND HEADING TO A CONCLUSION.
10-15-2014 Intel/Newshound Guru Randy Koonce Iraq's rate will be based on commodities in Iraq of which they have to develop. So that being said will Iraq be 4 dollars one day,,, Yes but it will be 3 to 4 years after the RV of the currency…You will not make a 30 dollar rate off the dinar RELAX .50 was a miracle…Now to discuss when... as you know this is event driven not date driven…WE believe the Minister will Show tomorrow and if they do then we look for the RV by Monday...NOW I do use the word if again because our Government might get involved and get the iraqis to move the parliament again…we expect the rate low .80 to 1.20 this rate will remain for a couple of months then it will go above the 3 dollar rate...if we get to Tuesday and no RV I will find out why and drop out another note…We are close.. Every large bank will exchange…
10-15-2014 Newshound Guru Adam Montana …what we need is a REAL LEADER to stand up and say "We need to defeat these bad guys, so who is with us?!" - and we don't have that leader. So unless another country steps up to the plate (which never seems to happen), or something insanely dramatic happens to FORCE the world to act, we're looking at another 2 years of "the same"…Eventually major action will be taken, ISIS will be handled, and in the meantime Iraq is still making headway... so all is not lost. [Post 2 of 2]
10-15-2014 Intel/Newshound Guru Frank26 THE ARTICLE FROM THE GOI IS EXPLAINING THAT THE 2014 BUDGET IS STUCK ...IT NEEDS TO BE FIXED IN ORDER FOR THE 2015 BUDGET TO COME OUT CORRECTLY…THEY WILL HAVE RE- CALCULATE THE WHOLE BUDGET!!! INDEED ... THEY ARE... JUST BEFORE THEY RELEASE A NEW RATE…GOI IS EXPLAINING "THE FEDERAL DRAFT BUDGET LAW ". THEY ARE EXPLAINING CAREFULLY THAT THEY NEED TO AMMEND VIA THIS LAW THAT THEY ALREADY PASSED ( WE ARE PAST THE LAWS!!!) THE 2014 BUDGET TO PUT THE 2015 BUDGET IN PROPER ......... ALINEMENT…FOR THE ...."VALUATION OF THE CURRENCY".... AMEN... AMEN... AMEN. THE LAWS ( I KEPT TELLING YOU!!!) WERE NEEDED FIRST ..... THEN YOU WOULD SEE THE NEW RATE. SORRY...NOT DONE YET....THERE ARE FOUR LAWS THEY WILL DEAL WITH TOMORROW AND THE FEDERAL DRAFT LAW IS ONE OF THEM!!! THEY ARE A VALUATION OF IRAQ'S CURRENCY BY THE APPROPRIATE LAW TO MAKE IT ACCEPTABLE WITHIN THEIR 2014 AND 2015 BUDGETS.
10-15-2014 Newshound Guru Adam Montana (WARNING: I'm about to rant on ISIS. Doom and Gloom ahead!) ISIS not defeated, but not making much headway in Iraq. Weeks ago people were screaming and hollering about ISIS being 20 miles from Baghdad... Baghdad still hasn't fallen, so draw your own conclusions there…ISIS is manageable, and I'm confident that they will be dealt with eventually... but unfortunately it's going to get worse before it gets better…Here comes the bad news... [Post 1 of 2 stay tuned for the rest of the story]
10-15-2014 Intel/Newshound Guru Backdoc UNLESS FRANKIE [GURU FRANK26] HAS SOME KNOWLEDGE ON THE LAUNCH RATE WE NEED TO BE READY JUST IN CASE THEY DECIDE TO USE A FREE FLOAT MECHANISM! IF THEY START OUT AT A BUCK... REMEMBER THAT WE HAVE HAD IN PRINT THAT THE WB, UST, TURKEY CENTRAL BANK, AND THE IMF WILL SUPPORT THE VALUE OF THE DINAR!!! SMILE.
10-15-2014 Newshound Guru Kaperoni Article: "Iraq Stock Exchange stopped trading session starting from October 19 to launch electronic trading system "x-stream" If I recall this was suppose to go into effect early 2014 and put off to this fall. Again, when the banking system is stalled, it appears to slow down progress in all areas. Activation of investors outside of Iraq into the Stock Market is critical..Xstream is important to the success of that.
10-15-2014 Intel/Newshound Guru tman23 A few facts ...Fed Board of Governors had an emergency 2 day notice special closed meeting 10/6... meeting dealt with "internal banking procedures and fees/rates" and a topic of foreign exchange...News surfacing that the US, Europe and Japan banks are exercising protocols this week and next in preparation for a "run on the banks"...( I will not speculate as to why the aforementioned facts are happening now but I do find timelines coincidental...And...IMO, The news of the Kurds taking 5 days to select and debate their ministers in Baghdad is "smoke"...All this was agreed to some time ago...But another FACT you can speculate on is the Kurdish government is preparing a full territory financial inventory report that will be turned over to Baghdad by end of this week...These are FACTS...How you assemble and view it is entirely up to you...
10-15-2014 Intel Guru Bluwolf According to all in the spectrum of all involved everything is certainly positive...We my friends are on a very high level and the time given to the US to get her done is ticking and running down...There is a new sheriff in town (BRICS) and they are getting things done.
10-15-2014 Newshound Guru Millionday IRONICALLY THURSDAY IS LISTED AS THE LAST DAY AND THEN THE OPENING OF THE OLD SYSTEM WILL BE UPDATED AND READY WITH X STREAM ON THE 26TH OF OCTOBER. KNOW THAT IS TEN DAYS AND WILL BE TESTED AS WELL. SO THIS OF COURSE WITH ALL THAT WE ARE SEEING AND THE ANNOUNCEMENT OF THE PREPARATION BEING DONE FOR IRAQ` S REALITY FINANCIALLY --- THIS IS RIGHT ON TIME. [the statement about the 26th, does that mean that we have to wait for the 26th?] NO THAT MEANS THAT IS THE DATE THAT ISX WILL OPEN FORMALLY. WE WILL NOT HAVE TO WAIT FOR IT AT ALL -- WHEN CBI RELEASES THE RATES IT WILL BE DONE -- THEY NEED THE CALCULATIONS OF THE IRAQI DINAR FOR THEIR STOCK MARKET DUE TO INTERNATIONAL TRADE LAWS. [post 2 of 2]
10-15-21014 Newshound Guru Millionday [...true or not...Iraq Stock Exchange stopped trading session starting from October 19 to launch electronic trading system "x-stream" October 14, 2014: To be the last session of trading in the market on Thursday, October 16 and then return in trading Thursday 23rd October?] THIS IS THE NEEDED TIME LAPSE TO PLACE IT ON THE MARKET GLOBALLY AND THE X-STREAM IS A HUGE HUGE MOVE AND ALSO GREAT NEWS FOR US ALL. [ the esx and isx are going international with a rate?] THE ISX AND ESX WHEN THEY GO GLOBAL WILL HAVE TO HAVE A FAIR TRADE PRICE OF REALITY FOR THE DINAR BECAUSE IT IS THEIR LARGEST PRODUCT AND WILL REQUIRE IT. THE STOCK EXCHANGE WILL HAVE THE RATES ON IT WHEN IT GOES GLOBAL LIKE THIS >>> IQD/USD, AND SO FORTH -- THE RATES MAY BE RELEASED BEFORE ISX IS JOINED TO THE GLOBE BUT THEY WILL BE SET FOR THE GLOBAL ENTRY SO ALL CAN TRADE AND INVEST FAIRLY. [post 1 of 2....stay tuned]
10-15-2014 Newshound Guru tlm724 Article quote: "Announced that the Iraqi Stock Exchange to halt trading as of October 19 and next to the launch of the electronic trading system "x-stream", which will start as of Sunday, October 26 next." the ISX is transitioning onto the X-Stream Nasdaq platform.
10-15-2014 Newshound Guru Kaperoni Article: "Najib: the exclusion of the inclusion of the draft budget in the parliament session Thursday" Was it not a year or so ago when the IMF and World bank came out and told Iraq they were playing with fire being so dependent on oil? Well, will [with?] oil dropping that prediction is now coming true and Iraq is in a real bind. They better push them laws through and open the market economy. This budget should be a no brainer...get it done and move on to 2015. I believe these budgets in years past were calculated at $65 or $70 a barrel to avoid such shocks. So they are all good with he math...so far.
10-15-2014 Newshound Guru My Ladies Article: "Officially .. 20 countries participate in the Baghdad International Fair, and more than a thousand company" WOW!! SO FAR 20 COUNTRIES ARE PARTICIPATING IN THE FAIR. VERY NICE LINE UP. BUT WAIT…DIDN’T THE NEWS SAY THAT ISIS IS AT THE GATES OF BAGHDAD? DON’T BELIEVE EVERYTHING YOU SEE ON TV.
10-15-2014 Newshound Guru Millionday THE PRESIDENT OF IRAQ IS GIVING A TELEVISED SPEECH TOMORROW [WEDNESDAY] AND HAS NOT SAID ABOUT WHAT YET BUT IS TO BE VERY IMPORTANT. ...BE VERY HAPPY OF WHERE WE ARE AND THAT CBI ANNOUNCED AND SO DID PARLIAMENT THAT IRAQ IS READY FOR THE REALITY FINANCIALLY AND ARE READY TO RAISE THE VALUE OF THE DINAR AND ALSO THE MOVE TO A MARKET ECONOMY (SUPPLY AND DEMAND). A HUGE WHOOOPOW...THEY SEEM TO BE VERY EXCITED AND HAVE GOTTEN SO MUCH DONE. [post 3 of 3]
10-15-2014 Newshound Guru Millionday THE OIL AND ENERGY SECTOR GOING GLOBAL IN THE MARKET AND FUTURES WILL REQUIRE EXCHANGE RATE REALITY. THERE IS NO WAY AROUND THAT THE DINAR HAS TO RAISE IN VALUE OTHER THAN INTERNATIONAL ECONOMIC LAW COMPLIANCE. THE DINAR HAS TO BE RAISED IN VALUE IN ORDER TO ENTER THE GLOBAL MARKET AND GUESS WHAT? THEY ARE ENTERING THE GLOBAL MARKET. [post 2 of 3....stay tuned]
10-15-2014 Newshound Guru Millionday RIGHT NOW WE ARE WAITING FOR AN ANNOUNCEMENT THAT THEY ARE READY WITH EVERYTHING AND THEY ARE MOVING NOW TO A MARKET ECONOMY AND WITH ALL REFORMS. THE BANKING SYSTEM IS TO A POINT THAT IS PREPARED TO INTRODUCE THE ECONOMIC AND EXCHANGE RATE REALITY. THE DELAY IN ACTIVATING THE ISX AND ESX HAS COST STOCK HOLDERS AND IT IS TIME TO CHANGE THAT. SO THEY ARE MOVING FORWARD WITH THE BANKING REFORM AND WITH CBI APPLYING THE EXCHANGE RATE...IT DOES NOT SAY WHEN...IT SAYS THEY ARE READY...THE CBI HAS ALL OF THE REGULATIONS READY TO INTRODUCE THE REALITY OF THE IRAQI DINAR. [post 1 of 3....stay tuned]
10-14-2014 Newshound Guru My Ladies [new guru] Article: "Parliament held its meeting under the chairmanship of First Deputy Hamoudi and the presence of 210 deputies" PARLIAMENT MET TODAY DID THE FIRST READING OF...4 LAWS...AND ADJOURNED UNTIL THURSDAY. WE ALREADY KNEW THEY WOULD NOT BE DOING ANYTHING WITH MINISTERS OR BUDGET WHILE JUBOURI IS OUT OF THE COUNTRY.
10-14-2014 Intel/Newshound Guru tman23 IMO, If we follow what Abadi is doing according to ink, he is doing a complete accounting investigation of the GOI and it really appears to be a priority. The General Secretary of CoM met with a World Bank representative as well on the same day Jabouri met with Ismail inquiring about the 3 zeros. These 3 events are facts and reported in ink. Associate these 3 facts with an article that the Kurds want the 3 zeros lifted, the Kurds are growing faster and have investors sitting on the sideline ready to go. The Kurds finally agreed to participate in the Central Government...IMO, I don't see Iraq opening the year 2015 with 3 zeros...We know for a fact Barzani doesn't want 3 zeros. [post 2 of 2]
10-14-2014 Intel/Newshound Guru tman23 This information is third party but I believe to be trustworthy and accurate. As stated previously Jabouri and Ismail were reported to be in Switzerland and Jabouri is confirmed in ink... Ismail was there and it is being reported that meetings took place in which part known to include the release and transfer of funds being held that were frozen belonging to Saddam's regime (family members)...IMO...It appears that Iraq is collecting and finalizing the accounting of all it's assets. [post 1 of 2....stay tuned]
10-14-2014 Intel Guru Exogen What many do not understand is the country of IRAQ is OPERATING with an International RATE. 100% FACT! DO YOU REALLY THINK COUNTRIES ARE FLYING ALL OF THESE MILITARY MISSIONS AND DROPPING BOMBS FOR FREE!!
10-14-2014 Intel/Newshound Guru Poppy3 EXPECTING GOOD REPORTS TONIGHT AND TOMORROW NIGHT ACTUALLY THE REST ON THIS WEEK IS LOOKING VERY GOOD FOR IRAQ TO MAKE PROGRESS.
10-14-2014 Intel Guru Frank26 They put away forever the chalk board that traded in country...Because electronic is for...International. THIS IS BUT ONE EXAMPLE OF WHAT THE 19TH WILL BRING US...EVIDENCE OF A NEW RATE...OR THE RATE ITSELF. I never gave a date because there was no logical sound reasoning nor substantial empirical evidence to do so...IMO, There is NOW.
10-14-2014 Newshound Guru My Ladies [new guru] IRAQ HAS BEEN DOING MANY THINGS...THEY ARE GETTING TO THE END OF THE ROAD I THINK. IN MY OPINION WE WILL NOT SEE MUCH COMING FROM THE BANKING SIDE OR THE POLITICAL SIDE THAT’S NEW INFORMATION UNTIL THEY ARE READY TO REVEAL EVERYTHING TO US. IN OUR OPINION THEY CAN NOT GO MUCH FURTHER WITH BANKING STRUCTURE OR BANKING LAWS WITHOUT HAVING THEIR OWN CURRENCY AND AN INTERNATIONAL RATE.
10-14-2014 Intel Guru Exogen Article: "Asadi: Announcement candidates interior and defense within 48 hours and still Ameri of the most prominent names" ABADI IS MADE THIS SAME PUBLIC STATEMENT AT LEAST 5 TIMES WITHIN THE LAST 45 DAYS. PERSONALLY, I KINDA THINK THIS MAY BE THE "REAL" 48 HOURS
10-14-2014 Newshound/Intel Guru BGG [We can still have the RV regardless of Isis?] ...ISIS may actually wind up being the "T-Rex" in the room...(the catalyst for change). [Can you tell me what "T-Rex in the room" means?] the bad guy at the end that saves you - but is dangerous in every way.
10-14-2014 Newshound Guru Millionday Article Quote: "the agenda of the parliament session, which will be held on Tuesday under the chairmanship of Sheikh Hamoudi, includes swearing to members of the House of Representatives who were holding government positions and replacements for those who have held ministerial positions or Vice-President of the Republic and the follow-up temporary committees." DO YOU SEE THAT? SWEARING IN REPLACEMENTS FOR THOSE WHO HAVE HELD MINISTERIAL POSITIONS.
10-14-2014 Intel Guru Frank26 We are past the laws and at a new level with the IQD's MR (Monetary Reform). Big Difference Because THE GOI and CBI are Big Boys now. FEAR is no longer a factor between these two...Coordination and Cooperation is! CBI WANTS TO TALK...A LOT!!!
10-14-2014 Intel/Newshound Guru tman23 If we research history in regards to the CBI lifting the zero articles they always stated the first of the year or June (the second half of the year) and very specific to say not in the middle of a quarter...That being said; the CBI appeared ready to initiate this project way before the latest round of talks about market economies etc..etc..etc.. I think they put their backs against the wall and have to RV now they have no choice.
10-14-2014 Intel Guru SteveI There are so many unknown factors that keep coming into play that it is impossible to second guess anything with a certain point of accuracy. Some say the budget of 2014 is derived from a new rate, some say it is not, I guess we will all have to just sit back and let this play out. Remember with the 2014 being so late in the year, it just may wait until the 2015 budget is processed. Until Iraq actually does this, no one is right or wrong until proven differently. There are also many that say that a rate change will not happen until the ISIL fighting is under control. That is left to be seen. So many things change on a daily and weekly basis that what appears to be going good today, can change very quickly tomorrow.
10-14-2014 Intel Guru TerryK WORD I GOT IS CHINA IS PUSHING HARD FOR THIS TO HAPPEN WED NIGHT...YES I SAID CHINA.
10-14-2014 Newshound Guru Kaperoni my news is from the CBI...here is what is going on in the CBI. I am sure most read the article yesterday saying the CBI is ready to engage the banking system with the world and the details in that article are really blunt...probably the most blunt we have ever had...well that same information was reiterated today on TV stating "considerable progress in reforming the banking system in Iraq"...but the real news was..."the CBI is compliant with all requirements of international regulatory agencies" which is very important and implies they are also compliant with the IMF. if true they technically could move to Article VIII anytime...but again, i want to mention the ISIL problem but this was very clearly stated today. we are getting closer. we have seen over and over that stability is important at the same time we must look at the urgency of Iraq to move to a market economy.
10-14-2014 Intel Guru Frank26 based on I Team’s report, IMO, it is possible for the rate to come out in October; watch from Oct 18 forward. IMO, the countries signing contracts with Iraq are doing so only because they know they are going to get paid.
10-14-2014 Intel/Newshound Guru tman23 Another simple fact is Iraq's Budget involved oil at NO LESS than $90 a barrel. Today Iraq needs more income for salaries and infrastructure...Cut world oil production and you get $100 a barrel but less barrels...keep production the same and increase it and your likely well below $90 a barrel. So to import and build infrastructure you need international purchasing power...And it is of no benefit at 1166, no benefit to purchase in petro dollars. IQD 1-1 with usd is no benefit.
10-14-2014 Newshound Guru Millionday TOMORROW [TUESDAY] IS THE MINISTERS IT APPEARS BEING SWORN IN...THIS IS EXCITING...THE NAMES HAVE BEEN REPORTEDLY NOT RELEASED...THE BUDGET SHOULD BE DONE ON THURSDAY...THE BUDGET IS FOR THE PROJECTS IN THE COUNTRY OF IRAQ -- THE MOVE TO A MARKET ECONOMY AND THE REFORMS WILL BE FROM CBI THE INTERNATIONAL CURRENCY RATES AND ALSO THE VALUE IN THE COUNTRY -- BY THE PRICING INDEX.
10-14-2014 Intel Guru Delta An article came out with the CBI stating that they are about to activate cooperation with the world and with banks; this requires that article 8 be lifted because under it, the IQD is on a program rate of 1166; Iraq is on the verge of a new government organization, and a change. IMO, by Thursday this week we should see interior and defense ministers announced, and IMO, that’s very good for our investment; watch closely after the ministers are announced and officially seated. Why has the CBI has given a letter of credit to banks unless the currency has value. Look at the nations that have come to Iraq’s aid, we don’t see that in Libya and their problems are worse than Iraq; the coalition of nations know that they are going to be paid, IMO.
10-14-2014 Intel Guru Nova ...this is not an Iraq event, this event is not controlled by Iraq, the IQD is the tool that is being used, the currency that is being used, but this is not an Iraqi event dependent on their politicians. ...Mellon, JPMorganChase, GE…all report to the same people that the IMF, WB all report to; these people started the UN; the good news is that they only get paid when we do, they can’t get paid without the backing basket and rate of the IQD being revealed; Of course they are some of the most powerful people in the world with a meticulous, decades-long plan they are methodically implementing. [post 2 of 2]
10-14-2014 Intel Guru Nova ...for the past 3 years, Abadi has worked in the finance ministry and has worked with the CBI; perhaps Abadi is PM now because it’s time for him to be PM? Iraq is doing many complex maneuvers to create demand for their currency – can only do business in IQD, and contracts signed creates demand for the IQD, and a value. ...we are at a point they cannot hide it anymore... [post 1 of 2....stay tuned] 10-13-2014 Intel Guru TNT Tony I got the following this morning: “Any time after the 14th, but there are bills due on the 15th and people want their money.” On Iraqi television, it says that Iraq is about to enter the world in international banking – it was supposed to happen last Thursday and then Saturday, and for sure by the 14th, which it tomorrow. More lower denominations are being put out, but they are pretty worthless until they have a full RI. They have put them out to convince people that full RI is around the corner, and they want people to be prepared. They do have the new rate on their cards. It’s not a system, minister or HCL issue. It’s something else, but we don’t’ have to wait for the Budget to be approved or anything like that. HCL has now been formally agreed, and I told you a month ago that when the RV is ready we will see all these agreements pop up. We are just waiting for activation which should have been this weekend…still looking for this at any time. [post 2 of 2]
10-13-2014 Intel Guru TNT Tony [via Adept1] It should have gone over the weekend including celebrations, and there was a formal request for a couple more days… again. Everything we are hearing is that it is completed and ready to go; everything is done. Fox news came out with a report on Saturday saying “Iraq officials: PM has completed cabinet with defense and interior ministers, final with names”, and those are the names we were given over a month ago. We told you then, and now it is settled and public. HCL has also been announced formally; the Kurds wanted 17% and Abadi has agreed. That has been settled for over a month and now it is out in public. Those weren’t supposed to be announced until the actual RV and GCR is here. [post 1 of 2....stay tuned]
10-13-2014 Intel Guru Oil_Oil_Man GOOD MONDAY NIGHT AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. HAVE YOU NOTICED THE MULTITUDE OF OPINIONS AND STATEMENTS MADE RECENTLY AND A FEEDING FRENZY OF INFORMATION BEING DISSEMINATED? WELL---THERE ARE A REASON FOR IT. TIME UP UNTIL NOW DIDN'T SEEM TO BE OUR FRIEND, BUT NOW--IT IS OUR FRIEND THAT WE HAVEN'T SEEN IN MANY YEARS. I AMONG MANY WILL WELCOME THIS "OLD FRIEND" IN MY HOUSE. I HAVE BEEN WAITING FOR AN ETERNITY FOR HIS APPEARANCE AND NOW HE IS KNOCKING ON MY FRONT DOOR---SCUSE ME WHILE I GO OPEN THE DOOR---NUFF SAID.
10-13-2014 Intel Guru Mnt Goat Iraq is more than ready for an international currency. We hear they have pushed and continue to push the USA in allowing the rollout to complete. Iraq claims they need their full currency back at least to pre-war value...I have some really good contacts in the CBI and they are now telling me that all agreements were made last week and we should expect the final rollout the RV...like now. All agree to the situation and it should happen any day now. But still we wait. [post 2 of 2]
10-13-2014 Intel Guru Mnt Goat I too have heard that Iraq is ready and have been pushing the IMF and the USA to rollout the new rates to the international community. Remember the new PM Abadi comes from the finance ministry and so he is fully aware of the ongoing saga of the currency reform project. They are doing this on the aftermath of their recent funding of the Qi cards and final rollout of the lower denominations and coins. They have advertised the RV in their news papers and even speeches about the process in the mosques. They are fully ready for their revaluation. They have worked so hard in the midst of past political and financial obstacles to get to this point in time. There is now a new sense of urgency coming across to me from the CBI. [post 1 of 2....stay tuned]
10-13-2014 Intel/Newshound Guru Poppy3 I THINK THE INK SHOWS THE BEST CASE SCENARIO OF ANY TIME IS POSSIBLE BUT AFTER THE FULL GOI AND IMPLEMENTATION OF THE LAWS ARE THE BEST CASE BEGINNING TOMORROW OR WED. WE MUST WATCH THEIR ACTIONS THE NEXT FEW DAYS...ALL THESE THINGS PENDING CAN HAPPEN VERY FAST AND THE CBI CAN ACT MUCH FASTER THAN PARLIAMENT OR THE GOI.
10-13-2014 Intel Guru Bulldog75 THE TIME IS NEAR FOR THE GCR. WE ARE IN MID STREAM. THERE IS NO TURNING BACK.
10-13-2014 Intel Guru EXOGEN The saga changes in seconds, however the next 24-48 hours will really tell us where we really are. Right now we have a few things in our Favor. There is a large amount of evidence piling up that is leading many to believe the IQD has already been reinstated. (RI). The rates are really on Bank Screens at certain levels, that is what is so INTERESTING. All of them are THERE. We are still in the 96 hour WINDOW to see something as we posted days ago. And what we are looking for is based on a memo on a Bank Screen...For the first time EVER there was NO HOLD SHOWING with memo instructions...2 days remain in window. [window "ends" around noon EDT on Wednesday?] correct. ALL WE ARE TRACKING NOW IS THIS BANK MEMO/INSTRUCTIONS WITHIN 48 HOURS…USA BANK SCREENS IS ALL THAT MATTERS (HINT HINT).
10-13-2014 Newshound Guru Millionday THERE IS NO MISUNDERSTANDING HOW IMPORTANT THE BUDGET IS TO THE COUNTRY AND THE MOVEMENT OF FUNDS FOR THEIR PROJECTS HOWEVER THEY ARE ALSO DOING SOMETHING ELSE -- THEY ARE MOVING TO A MARKET ECONOMY WHICH IS THE MOVE TO THE GLOBAL MARKET DESIGNED BY SUPPLY AND DEMAND. ECONOMICS 101. THE MOVE TO A MARKET ECONOMY WILL ALSO BE PART OF THE BUDGET FIGURES. THEY ARE IN A HUGE HURRY AND WANT ALL ASPECTS TO BE AS HURRIED AS THE SITUATION REQUIRES FOR IRAQ -- THEY NEED TO MOVE FORWARD AND STOP HOLDING OFF FOR ANY REASON AT ALL. [post 2 of 2]
10-13-2014 Newshound Guru Millionday THE BUDGET IS SCHEDULED TO BE GIVEN TO PARLIAMENT...AND SHOULD BE IN THEIR HANDS -- THE DEADLINE FOR THE BUDGET IS ON OCT 15TH EVERY YEAR -- WE DO NOT KNOW IF THEY ARE READING IT ON TUESDAY BEFORE A VOTE OR VOTING AND HAVE READ IT IN THE BACKROOMS ETC-- THE INK SAYS THEY WILL HAVE IT DONE AND THEN THERE IS A REPORT THAT STATES THEY WILL TAKE TWO WEEKS -- HOWEVER THE FINANCE GROUP HAS STATED THAT IT IS NOT TRUE AND WILL BE COMPLETE. SO WE WILL HAVE TO SEE WHAT OCCURS. [post 1 of 2....stay tuned]
10-13-2014 Newshound Guru Kaperoni Article: "Central tends to activate cooperation with the world" ...there is no overnight RV. Countries emerge all the time from fixed economic policies to engage with the worlds monetary system. As for the currency, its value will be determined by supply and demand as we have stated over and over (which by the way is clearly in print in the IMF Article IV Consultation from 2013)...which ultimately means investment will determine the exchange rate. As capital flows into Iraq to rebuild, invest and contribute to Iraq's market economy, the exchange rate will rise to fight off inflation. That is just basic market economy principles. The talk of "whales" buying up Iraq is just nonsense.
10-13-2014 Intel Guru Jester WHAT IS GOING ON IN THE WORLD IS EASIER TO SEE... THE UNDERLYING DINAR NEWS, WHERE ASSOCIATED WITH SAID WORLD NEWS IS THE HARD PART TO FIGURE OUT... BUT IT IS ALL CERTAINLY TIED TOGETHER... SO SEEING THE REST OF THE WORLD STARTING TO MOVE FORWARD IS CERTAINLY A GOOD SIGN... I AM ONLY INDICATING THAT SOME EVENTS WE WERE WAITING FOR ACTUALLY HAPPENED AND THIS SHOULD IN TURN INDICATE WE ARE MOVING THE RIGHT DIRECTION.
10-13-2014 Intel/Newshound Guru Backdoc AS WE AWAIT IRAQS’ RE-ENTRY TO THE INTERNATIONAL STAGE WITH A REALISTIC VALUE...THE DONG TOO AWAITS THE DEPARTURE OF A PROGRAM RATE, AND LOOKS TO ITS’ OWN REALISTIC RATE WITH THE BLESSINGS OF THE IMF SINCE IT TOO HAS PASSED ARTICLE 4 REVIEW SUCCESSFULLY. ONE THING I KNOW IS, IF YOU OWN DINAR OR DONG YOU WON’T BE LOOKIN LIKE A FOOL WITH YOUR PANTS ON THE GROUND!! THESE ARE MY OWN THOUGHTS AND OPINIONS AND NOT INTENDED FOR FINANCIAL ADVICE. [post 2 of 2]
10-13-2014 Intel/Newshound Guru Backdoc [new guru] (Oz = IMF, WORLD BANK, U.S.TREASURY, AND CBI) OZ LAND IS OBVIOUSLY GETTING NERVOUS...TODAY, OZ IS LOOKING TO HOPE. HOPE THAT IRAQ AND VIETNAM CAN RE-ENTER THE WORLD STAGE WITH THE IMF’S BLESSING. ...OZ...ALONE DECIDES WHEN TO PULL THE CURTAIN BACK AND REVEAL THESE NEW RATES! YES, THEY WILL COME! WHEN? ...WHAT WE ARE SEEING RIGHT NOW IN THE WORLD MARKETS AND NEW COUNTRY DOWNGRADES, IS EVIDENCE THAT OZ IS IN PREPARATION FOR THE CURTAIN PULLING! [post 1 of 2....stay tuned]
10-13-2014 Intel/Newshound Guru tman23 ...before seeing a RV...There are no international banks that are going to loan Iraq money with the current security situation and the US Treasury (ESF) is not going to put the basket of eggs on the line without boots on the ground to ensure a protection of it's vested interest. Also take notice of the date the 14th, it is appearing frequently as the start of several events, BIG events!
10-13-2014 Newshound Guru Millionday WE HAVE A DEADLINE FOR THE BUDGET TO BE THE 15TH OF OCTOBER...NO MATTER WHAT THE NEWS STATES THE DEADLINE IS THE 15TH. WE HAVE A LOT GOING ON THIS WEEK -- THIS LAST SIX MONTHS HAS BEEN LOADED WITH NEWS AND LOTS OF VERY IMPORTANT THINGS GETTING DONE.
10-13-2014 Intel/Newshound Guru tlm724 Article: "Central tends to activate cooperation with the world" Quote: "that the central made considerable progress in reforming the banking system through the provision of legislative environment suitable for the development of its business and make way for the launch of its services commensurate with the requirements of the market economy" ...this is coming from the Director General of Statistics and research at the CBI not just some opinion piece...following the program set forth by the IMF. they are getting the whole system in place, they have launched, taking that quantum leap we have been waiting for! Abadi is the man and as we watch this unfold it won't be long before we see the true worth of the dinar surface.
10-13-2014 Newshound Guru Kaperoni Article: "Central tends to activate cooperation with the world" Quote: "the requirements of the market economy and the provision of banking services to investors Iraqis and foreigners, especially that the country is on the verge of activating cooperation banking International service requirements anticipated in the development of the Iraqi economy, which is guaranteed by the new government program." I would think "on the verge" is within 6 months, not days or weeks. I keep grounded by the enormous task ahead for the Abadi GOI passing laws, fight ISIL etc. But...the significance of an agreement to form a committee to implement the transition to a market economy with the full support of GOI is very important. The next few weeks, months will be very telling.
10-13-2014 Intel Guru TerryK SOME BODY SAID THERE WERE SMALL DENOMS OUT. IM HERE TO TELL U THAT'S FALSE. TRUST THIS, IF THERE WERE SMALLS OUT THERE DON'T YOU THINK I WOULD HAVE SOME. 50 DINAR NOTES ARE THE SMALLEST. I AM HEARING STRONG 15TH WHICH IS WED. THEY HAVE TO MAKE SURE OF A COUPLE OF THINGS...ONE THAT M [MALIKI] IS OUT OF ALL OPTIONS AND POWER. TWO THAT A [ABADI ?] HAS FULL BACKING OF THE IRAQ GOVERNMENT. KEEP THAT IN MIND AND I GOT A GUT FEELING UNTIL ISIS IS TOTALLY GONE OR DIMINISHED THEIR MAYBE A DELAY. HOPING IM WRONG BUT WITH THAT SAID ALL THE NATIONS ARE SUPPORTING THE DEAMINIZE OF ISIS. THEY ALL WANT TO BE PAID. 10-12-2014 Intel/Newshound Guru tlm724 Article: "Parliament resumes its sessions next Tuesday to name security ministers" "House resumes its normal next Tuesday to name the heads of parliamentary committees and sworn minister Kurds" the agenda also includes the naming security minister, and the first reading of the budget in the event of arrival of the prime minister. The naming security minister still under negotiations has not been resolved yet, expected to be reached during the next two days to resolve this issue to be raised at the hearing Tuesday...so if they don't reach an agreement on the security minister by Tuesday they will do it on Thursday, same for the budget.
10-12-2014 Intel Guru NOVA ...The 2014 Budget Is Done And Has Been Done For Quite Awhile, And We Need Not Worry About When & If They're Going To Pass It. Its A Matter Of When Are They Going To Show It To The World! I Personally Am Expecting "SOMETHING TREMENDOUS COME FROM THIS BUDGET"...The 2014 Budget! We Have Not Seen Any Of The Laws Talked About So Much Because Iraq Does Not Have A International Currency To Fund Their 2014 Budget! Allowing Their 2014 Budget To Be Seen Does Require The Revealing Of The True Numbers. EveryThing That The GOI Will Do Going Forward Must Be Funded By The Budget! Why? Because Of That Little Law In Place That Says That Only IQD Can Be Used To Settle Accounts In Iraq! ...If We Do Not See Tremendous Things From This Budget Then Iraq Has Defied The Global Laws Of Economics And This Will Not Happen. We Have Not Seen Them Because They Can Not Defy These Laws. [post 2 of 2]
10-12-2014 Intel Guru NOVA ...A Good Friend Of Mine. He Was Expressing Is Frustration With The IQD & The Ever Elusive Budget!! He Was Ready To Give Up On The whole Thing and Move On. Rather Then Trying To Explain The Craziness Of It All, I Simply Said "Until Iraq Defies The Basic Laws/Rules Of Global Economics, Relax. We Have Not Seen That Yet. We Might Think We Have But We Have Not..." There Are Big Things Happening Right Now On A Global Scale! We Can Point To So Many Things That Are Evidence Of This! "It Will Get To The Point Where They Can Not Hide It Anymore"!! Why Do I Say That? ...There Is A Line That Can Not Be Crossed And The Powers To Be Are Getting Very Close To It!! And That Is A Good Thing! [post 1 of 2....stay tuned]
10-12-2014 Intel/Newshound Guru Poppy3 MUCH GREAT NEWS AND TIMING ISSUE IS OUR ONLY HOLDUP AS I HAVE SAID TIME WILL REVEAL THE FACTS EVERY DAY. ACCORDING TO ALL THE NEWS AND THE SOURCES WHAT WE NEED COMPLETED IS FRONT AND CENTER IN PRIORITY TO THEM AND THIS IS THE BEST POSITION WE HAVE EVER BEEN IN IN MY 11 YEARS.
10-12-2014 Intel/Newshound Guru tman23 The 2014 Budget...There will be 3 readings, the FIRST reading is scheduled for Tuesday the 14th, usually the second reading takes place 2 weekends after the first reading but because of the due diligence the second reading may be Thursday. The Third reading and vote will take place before the end of October. That said; The 2014 Budget with numbers is not the trigger for the CBI by any means but what it will show is a national consensus (meaning parties agree to the language and prove there is harmony). The CBI needs to see unity first and foremost inside the GOI...The Kurd Ministers taking there seat, Barzani (PM) signing an agreement that entails a list of MoU's and the adoption of the 2104 Budget is the START.
10-12-2014 Intel Guru Blaino THERE HAS NOT...BEEN ANY TYPE OR KIND OF SECRET, LOCKED DOWN, UNCONFIRMABLE "IN COUNTRY RV!" REALLY! 25 MILLION PEOPLE 'JUST WOULDN'T TELL?' REALLY? WE DIDN'T HAVE AN IN COUNTRY RV IN 2010 OR 2011, OR 2012... ETC ETC ETC!!! ...CELL PHONES, SAT PHONES, INTERNET, CANS WITH STRING, SMOKE SIGNALS...DOES ANY THINKING PERSON REALLY BELIEVE THAT THE SCOOP OF THE CENTURY IN FINANCIAL TERMS WILL JUST SIMMER AWAY...UNREPORTED BY FNS, FBN, CNN, ETC, ETC , ETC? HOW MUCH SENSE DOES THAT REALLY MAKE? IF WE GET ANY MOVEMENT FROM A PARTICULAR DIRECTION BY THE 20TH, I'LL BE VERY PLEASED. WE STILL HEAR THE SUPPORTING EVENTS THAT WILL USHER IN THE GCR, RE-VAL, ETC., COULD DEVELOP WITHIN THE COMING WEEK!
10-12-2014 Newshound Guru Enorrste Article: "Central tends to activate cooperation with the world" Quote: "the requirements of the market economy and the provision of banking services to investors Iraqis and foreigners, especially that the country is on the verge of activating cooperation banking International service requirements anticipated in the development of the Iraqi economy, which is guaranteed by the new government program." I especially like the term "on the verge" which seems to indicate that they are about to make a move. Add to that mention of a "guarantee by the new government program" and I'm led to believe that this is a subtle way of saying that Al-Abadi is totally behind this move, while we know that Maliki was not. It all sounds good to me!
10-12-2014 Newshound Guru Millionday [ isnt the plan to open the budget on oct 15 and begin payments?] YES THEY HAVE ANNOUNCED THAT THEY HAVE MANY AGREEMENTS THAT THEY MADE THAT REQUIRE THAT THEY BEGIN PAYMENT ON THE 15TH AND WE ALSO KNOW THAT THEY HAVE BEEN HUSTLING TO GET THE BUDGET DONE AND SAY THEY ARE MEETING FOR THE READING AND VOTE ON THE 15TH -- THEY COULD RELEASE THE RATE AT ANYTIME -- THEY ARE ABLE TO DO THAT DUE TO THEIR INDEPENDENCE AND POWER. [post 2 of 2]
10-12-2014 Newshound Guru Millionday CBI HAS MADE HUGE PROGRESS TO MOVE TO THE GLOBE...THAT IS WHAT WILL SHOW US A RATE. THEY HAVE MADE THE TECHNICAL ADVANCEMENTS NEEDED AND ARE USED BY OTHER CENTRAL BANKS. CBI IS READY TO ACTIVATE THE MOVE TO THE GLOBE AND INTENDS TO DO SO. THE TIMELINE IS BEAUTIFUL WITH WHAT WE HAVE BEEN SEEING -- WE DONT HAVE INK ON IT BUT WE HAVE BEEN SEEING A RUSH TO GET THINGS DONE. THE MOVE TO A MARKET ECONOMY AND THE ECONOMIC DEVELOPMENT IS WHEN WE WILL SEE THE REALITY RATE AND THE IRAQI VALUE OF IRAQ. [post 1of 2....stay tuned]
10-12-2014 Intel Guru SteveI ...lots of questions regarding the so called new bills. I did some research and contacted [Guru] Ray and others and they all came back with the very same answer, "They said that is the currency that has been used by the Iraqi people for quite a while now. Nothing new." Matter of fact, one of Rays contacts has some and was going to show Ray the bills. So, the actual new currency has not been introduced into the country yet and will not until the rate changes. When will the rate change? As soon as the budget gets passed according to many. So lets just sit back and wait for the budget to get passed and see what happens.
10-11-2014 Intel/Newshound Guru tman23 Parliament will be in session on the 14th and it will be dealing with the reading of the Budget along with many other laws...IMO it does appear that a host of laws will be passed in a one day -two day voting session.
10-11-2014 Newshound Guru Kaperoni Article: "Kurdistan: We will give a formal request to the United Nations on independence for Iraq" The Kurds are feeling the same way we are..nervous. So far Abadi has said all the right things but he has not accomplished anything yet...not to mention the constant roadblocks that he seems to be facing. What are the chances Abadi will succeed?
10-11-2014 Newshound Guru tlm724 Article: "Ihsanoglu: Council meetings will resume with effect from next Tuesday to name security ministers" Quote: "noting that the meeting will naming heads of parliamentary standing committees and the performance of the constitutional right of the ministers of the Kurds, in addition to naming security minister" get the Kurds sworn in is a big thing. I pray the National Alliance doesn't mess up the naming of the minister of security. the agenda also includes the naming ministers unsuspecting, and the first reading of the budget in case it came from the prime minister.
10-11-2014 Newshound Guru Millionday [ Is the situation in Bagdad with Isis under control?] I KNOW THAT THEY ARE WORKING AROUND THE CLOCK TO GET THEM UNDER CONTROL. THEY HAVE HAD HUGE SUCCESS WITH DAASH AND ISIS AND HAVE ADDED TWO MORE COUNTRIES IN THE LAST DAYS.
10-11-2014 Intel/Newshound Guru tman23 "Speaker of the parliament, Saleem al-Jobouri, arrived on Friday, at the head of a parliamentarian delegation to Geneva..." Good to see in print that Jabouri arrived on Friday...assume he will be there for 6 days and back to head the session in Parliment on the 16th for voting on the Budget and Ministers.
10-11-2014 Intel Guru Bulldog75 We are positive and Blessed. Our Manna comes forth soon to now. We are positive, optimistic with an attitude of gratitude.
10-11-2014 Intel Gurus TNT Tony & DC [via Already Blessed] ALL IS AWESOME...ABSOLUTELY FLIPPIN' AWESOME!
10-11-2014 Newshound Guru Stryker QUOTE: "Prime Minister Haider al-Abadi will present the names of candidates for the security ministries to the House of Representatives, next Thursday." QUOTE: "the meeting of the Council of Representatives for next Tuesday will be limited to reading the draft general budget bill which is expected to be sent by the government during the next two days." QUOTE: "The next stage requires accelerate the passage of important bills in the forefront of political parties, oil and gas, and was attended by the Baath Party."
These above quotes go along with what I have been told yesterday, Budget Tuesday, Security Minister Thursday and parliament will work multiple sessions weekly starting Tuesday 14th until all laws and issues get resolved.
10-11-2014 Intel/Newshound Guru tman23 The Parliament session was scheduled to be held on the 17th of this month and submitted to the 14th of the same month...Jabouri will be back for the 16th which I believe will be a voting session on Ministers and the Budget.... THEY ARE TIMING THESE EVENTS ALL IN ONE BAG..
10-11-2014 Newshound Guru Adam Montana [ I have always thought that the lower denomination/fils would release in conjunction with the RV of the IQD...to see them prior would tip the game...is this assumption on or near the mark?] Yes, if we see new denominations before a change in the rate, then we're looking at a different game. I anticipate a lot of news about new denoms immediately before the CBI changes the value, but until I actually SEE the denoms with my own eyes - no panic here. The opposite, in fact - the more propaganda they push out, the closer we likely are. [Do ya think it's possible for Iraq to have already printed the lower denominational notes and have them setting in a vault somewhere, ready to distribute once the switch's flipped.] YES, and in fact I have contacts that have told me that is already the case.
10-11-2014 Intel Guru TNT Tony [via Adept1] Abadi has not made the announcement yet. On Wednesday they said there were two times, and the first one was 11 o’clock last night [Thursday]. They were even scrolling it on the television, that Abadi would make that announcement on the news. We know the backup time and we have not passed that yet. This morning they explained the currency exchange procedures in the mosque again today. All over the internet, it’s saying Abadi is now scheduled to make an announcement on the 14th, but we don’t know what that is about, and there is another announcement scheduled in the meantime...we are just so close now...It should be in a interesting weekend. I really don’t think we’ll go to the 14th. So even though people are saying “the 14th”, I also told you that I believe in ‘weekend parties’… so…
10-11-2014 Intel Guru DC [via Adept1] They promised he [Abadi] would do it on Thursday...and it still has not happened. Everyone in the world has been briefed and there is supposed to be a backup time, and Iraq has promised to get it done by the backup time. The rest of the world is more than ready, and those who were delaying things are now pushing for it to be done. ...celebrations are planned/scheduled as soon as this goes on. I’m excited and expecting this will be done very quickly.
10-11-2014 Newshound Guru Millionday Article quote: "It is noteworthy that the Iraqi Council of Representatives may select the day 14 of the month as the date for the holding of its own to read the General Budget Law for the year 2014 to be voted." ...PARLIAMENT IS PLANNING ON HAVING THE BUDGET VOTED IN BY THE 14TH OF OCTOBER TO MEET SOME TYPE OF DEADLINE/GOAL. THEY ARE OPENLY TELLING US THAT THE FIGURES ARE NOT ABLE TO BE USED AS IRAQ IS RIGHT NOW AND I SEE THAT THEIR REALITY WILL CHANGE SO THIS IS GREAT GREAT NEWS --- VOTING IN THE SAME DAY IS GREAT TO SEE AS WELL AND THEY ARE MEETING TOMORROW AS WELL TO DISCUSS I SEE. THE 14TH FOR PARLIAMENT FOR THE BUDGET AND MINISTERS AND TOMORROW THE MEETING WITH PARLIAMENT SHOULD GO FORWARD FOR THE BUDGET. I THINK THEY ARE TRYING TO READ IT AND PASS IT ON THE SAME DAY -- HOWEVER THAT IS THE GOAL AND THIS IS IRAQ -- SO WE HAVE TO WATCH. 10-10-2014 Newshound Guru Poppy3 USA AIR SUPPORT STOPPED IN IRAQ A WEEK AGO. RUMOR IS OUR PLANES ARE GROUNDED TILL IRAQ GOI IS COMPLETE. THIS COULD CONTINUE THE URGENCY TO FINISH. STILL EXPECTING ANOTHER EMERGENCY BEFORE THE 14TH IF THEY CAN COME INTO AGREEMENT.
10-10-2014 Intel/Newshound Guru tman23 The government is not complete and IMO this has nothing to do with the Security Ministers as much as it does with the Kurd's taking the oath and being seated...Hopefully we see this take place Saturday or Sunday...I suspect Monday the 13th Jabouri and Ismail will be in Switzerland... What takes place there of course is unknown...But the Kurds being sworn in before the travels to Switzerland IMO increases the odds in the favor of IQD speculators in a huge way...
10-10-2014 Intel Guru Frank26 Do you and your team feel that Iraq will announce their completed Government to the world on October 14? No......... Maybe 18th to 31st
10-10-2014 Newshound Guru Chattels ...i question the likelihood of a substantial increase in the value of the dinar while 25 % of a country is occupied by a hostile force. let me be clear about the date and rate, i do not know, nor does anyone else. what i am weary of is the constancy of the " good news " when it is not all good news. the constancy of tomorrow this/that will happen. NOBODY knows!
10-10-2014 Newshound Guru Chattels Article quote: "there are efforts by large members of the House of Representatives to pass important laws after the holiday, but at the same time there are political differences hinder the adoption of these laws, despite the efforts exerted by the number of members of parliament". What laws unpassed are they speaking of ? Quote: "at the House of Representatives nearly 200 law is disabled and the toughest of those laws is to amend the Constitution, the steeper the Social Security Act and passing the budget and the law of the Federation Council and the law of parties, oil and gas," and the budget from 2014. please do not believe that there is a "basket" of all these laws that is magically to appear and be passed...that is NOT the political reality in Iraq. [were supposed to vote on all this yesterday?] the only vote(s) that count, IMO, are in Parliament, and Parliament is not meeting until the 14th.
10-10-2014 Newshound Guru Adam Montana [ I know you've always said that the HCL had to be settled before the RV...and that made sense. Don't you think it also makes sense that in order to RV, we have to first take care of ISSIS and secure the country? The media is saying this conflict could take years. What say you on this matter?] ISIS definitely needs to be controlled...we are fortunate that ISIS is a weak organization, and the limp measures being taken against them at this time might actually be sufficient to contain them. Unfortunately, we've not seen the "last" of ISIS by any means... but I am pretty sure that the current actions will be enough to give Iraq room to breathe and shift their attention back to HCL and a shift in the exchange rate.
10-10-2014 Newshound Guru tlm724 Article: "Deputy for National: agreement on parliamentary approval of important laws and naming security minister" there was agreement on parliamentary approval of important laws, which meets the aspirations of the people, and ensuring the security minister named soon *hallelujah*. "among these important laws of the Federal Court that he had read the first reading, and the law of parties, and oil and gas law" yep top priority. "Congress confirms the existence of an agreement within the corridors of Parliament on the importance of approving and pass laws, especially those that read the first reading." now we're talking.
10-10-2014 Newshound Guru Chattels no report as yet from the CBI so it would appear that the CBI is tracking the government holiday through today. [what does that mean? ---> CBI is tracking the government?] the CBI holiday should have been only four days, this is day five and the government holiday was through today.
10-10-2014 Newshound Guru Adam Montana [ I feel that in order to see the RV Iraq needs to pass and implement the 2014 budget and at the same time implement the HCL law. Do you concur...?] Yes. [ Let's pretend for a minute everything (as we see it) is done in regards to Iraq hitting the " RV Green Light" . HCL, budget, fully seated government etc...all done. Based on your knowledge , what are the odds Iraq doesn't RV and continues to manage their economy thru money auctions or whatever means available?] You asked for odds - 1000:1 or better that they absolutely definitely 100% increase the value once that "RV Green Light" is lit. When these things happen, the rate WILL go up, and I'm personally willing to stake any amount of $$$$$$ on it.
10-10-2014 Intel/Newshound Guru Poppy3 I HAVE THOUGHT ALL ALONG THAT STATEMENTS THEY AND THE IMF PREVIOUSLY WOULD BE ADHERED TOO BUT IT SEEMS NOW FROM PEOPLE THERE THAT THEY MAY BE IN A POSITION THEY CAN'T COME OUT AS HIGH AS PLANNED BUT I STILL THINK THEY HAVE TO BE HIGH ENOUGH TO RID THE STREETS OF USD. TIME WILL TELL THE FACTS . [ it looks to me like Iraq's only choice is to RV asap to get out of this financial situation, even if the rate is just 1:1. If they don't rv soon, the hole will only get deeper.] YES THATS WHAT has changed MY MIND A LOT BECAUSE THERE SITUATION FINANCIALLY HAS CHANGED. IT STILL CAN BE HIGHER THAN THE 1 TO 1 BUT AT THIS POINT WE JUST HAVE TO WAIT FOR SOME OFFICIAL WORDS FROM A CBI OFFICIAL...
10-10-2014 Newshound Guru Millionday PARLIAMENT WILL VOTE THROUGH THE BUDGET ON THE 14TH OF OCTOBER...THE OIL FIGURES HAD TO BE ADDRESSED AND... THEY HAD TO HAVE AMENDMENTS DONE FOR THE BUDGET COMPLETION AND THE GOAL IS TO HAVE THIS DONE BY THE 14TH OF THIS MONTH. ABADI WILL NAME THE MINISTERS ON THE 14TH OF OCTOBER...WE ARE SEEING THEM AT AN OBVIOUS RUSH TO HIT THAT DEADLINE SO THAT IS VERY EXCITING. IT DOES SEEM THAT THEY ARE TRYING TO HAVE IT ALL DONE BY THE 15TH OF OCTOBER SO WE WILL HAVE TO WATCH IT ALL AS IT UNFOLDS.
10-14-2014 Intel/Newshound Guru tman23 IMO, If we follow what Abadi is doing according to ink, he is doing a complete accounting investigation of the GOI and it really appears to be a priority. The General Secretary of CoM met with a World Bank representative as well on the same day Jabouri met with Ismail inquiring about the 3 zeros. These 3 events are facts and reported in ink. Associate these 3 facts with an article that the Kurds want the 3 zeros lifted, the Kurds are growing faster and have investors sitting on the sideline ready to go. The Kurds finally agreed to participate in the Central Government...IMO, I don't see Iraq opening the year 2015 with 3 zeros...We know for a fact Barzani doesn't want 3 zeros. [post 2 of 2]
10-14-2014 Intel/Newshound Guru tman23 This information is third party but I believe to be trustworthy and accurate. As stated previously Jabouri and Ismail were reported to be in Switzerland and Jabouri is confirmed in ink... Ismail was there and it is being reported that meetings took place in which part known to include the release and transfer of funds being held that were frozen belonging to Saddam's regime (family members)...IMO...It appears that Iraq is collecting and finalizing the accounting of all it's assets. [post 1 of 2....stay tuned]
10-14-2014 Intel Guru Exogen What many do not understand is the country of IRAQ is OPERATING with an International RATE. 100% FACT! DO YOU REALLY THINK COUNTRIES ARE FLYING ALL OF THESE MILITARY MISSIONS AND DROPPING BOMBS FOR FREE!!
10-14-2014 Intel/Newshound Guru Poppy3 EXPECTING GOOD REPORTS TONIGHT AND TOMORROW NIGHT ACTUALLY THE REST ON THIS WEEK IS LOOKING VERY GOOD FOR IRAQ TO MAKE PROGRESS.
10-14-2014 Intel Guru Frank26 They put away forever the chalk board that traded in country...Because electronic is for...International. THIS IS BUT ONE EXAMPLE OF WHAT THE 19TH WILL BRING US...EVIDENCE OF A NEW RATE...OR THE RATE ITSELF. I never gave a date because there was no logical sound reasoning nor substantial empirical evidence to do so...IMO, There is NOW.
10-14-2014 Newshound Guru My Ladies [new guru] IRAQ HAS BEEN DOING MANY THINGS...THEY ARE GETTING TO THE END OF THE ROAD I THINK. IN MY OPINION WE WILL NOT SEE MUCH COMING FROM THE BANKING SIDE OR THE POLITICAL SIDE THAT’S NEW INFORMATION UNTIL THEY ARE READY TO REVEAL EVERYTHING TO US. IN OUR OPINION THEY CAN NOT GO MUCH FURTHER WITH BANKING STRUCTURE OR BANKING LAWS WITHOUT HAVING THEIR OWN CURRENCY AND AN INTERNATIONAL RATE.
10-14-2014 Intel Guru Exogen Article: "Asadi: Announcement candidates interior and defense within 48 hours and still Ameri of the most prominent names" ABADI IS MADE THIS SAME PUBLIC STATEMENT AT LEAST 5 TIMES WITHIN THE LAST 45 DAYS. PERSONALLY, I KINDA THINK THIS MAY BE THE "REAL" 48 HOURS
10-14-2014 Newshound/Intel Guru BGG [We can still have the RV regardless of Isis?] ...ISIS may actually wind up being the "T-Rex" in the room...(the catalyst for change). [Can you tell me what "T-Rex in the room" means?] the bad guy at the end that saves you - but is dangerous in every way.
10-14-2014 Newshound Guru Millionday Article Quote: "the agenda of the parliament session, which will be held on Tuesday under the chairmanship of Sheikh Hamoudi, includes swearing to members of the House of Representatives who were holding government positions and replacements for those who have held ministerial positions or Vice-President of the Republic and the follow-up temporary committees." DO YOU SEE THAT? SWEARING IN REPLACEMENTS FOR THOSE WHO HAVE HELD MINISTERIAL POSITIONS.
10-14-2014 Intel Guru Frank26 We are past the laws and at a new level with the IQD's MR (Monetary Reform). Big Difference Because THE GOI and CBI are Big Boys now. FEAR is no longer a factor between these two...Coordination and Cooperation is! CBI WANTS TO TALK...A LOT!!!
10-14-2014 Intel/Newshound Guru tman23 If we research history in regards to the CBI lifting the zero articles they always stated the first of the year or June (the second half of the year) and very specific to say not in the middle of a quarter...That being said; the CBI appeared ready to initiate this project way before the latest round of talks about market economies etc..etc..etc.. I think they put their backs against the wall and have to RV now they have no choice.
10-14-2014 Intel Guru SteveI There are so many unknown factors that keep coming into play that it is impossible to second guess anything with a certain point of accuracy. Some say the budget of 2014 is derived from a new rate, some say it is not, I guess we will all have to just sit back and let this play out. Remember with the 2014 being so late in the year, it just may wait until the 2015 budget is processed. Until Iraq actually does this, no one is right or wrong until proven differently. There are also many that say that a rate change will not happen until the ISIL fighting is under control. That is left to be seen. So many things change on a daily and weekly basis that what appears to be going good today, can change very quickly tomorrow.
10-14-2014 Intel Guru TerryK WORD I GOT IS CHINA IS PUSHING HARD FOR THIS TO HAPPEN WED NIGHT...YES I SAID CHINA.
10-14-2014 Newshound Guru Kaperoni my news is from the CBI...here is what is going on in the CBI. I am sure most read the article yesterday saying the CBI is ready to engage the banking system with the world and the details in that article are really blunt...probably the most blunt we have ever had...well that same information was reiterated today on TV stating "considerable progress in reforming the banking system in Iraq"...but the real news was..."the CBI is compliant with all requirements of international regulatory agencies" which is very important and implies they are also compliant with the IMF. if true they technically could move to Article VIII anytime...but again, i want to mention the ISIL problem but this was very clearly stated today. we are getting closer. we have seen over and over that stability is important at the same time we must look at the urgency of Iraq to move to a market economy.
10-14-2014 Intel Guru Frank26 based on I Team’s report, IMO, it is possible for the rate to come out in October; watch from Oct 18 forward. IMO, the countries signing contracts with Iraq are doing so only because they know they are going to get paid.
10-14-2014 Intel/Newshound Guru tman23 Another simple fact is Iraq's Budget involved oil at NO LESS than $90 a barrel. Today Iraq needs more income for salaries and infrastructure...Cut world oil production and you get $100 a barrel but less barrels...keep production the same and increase it and your likely well below $90 a barrel. So to import and build infrastructure you need international purchasing power...And it is of no benefit at 1166, no benefit to purchase in petro dollars. IQD 1-1 with usd is no benefit.
10-14-2014 Newshound Guru Millionday TOMORROW [TUESDAY] IS THE MINISTERS IT APPEARS BEING SWORN IN...THIS IS EXCITING...THE NAMES HAVE BEEN REPORTEDLY NOT RELEASED...THE BUDGET SHOULD BE DONE ON THURSDAY...THE BUDGET IS FOR THE PROJECTS IN THE COUNTRY OF IRAQ -- THE MOVE TO A MARKET ECONOMY AND THE REFORMS WILL BE FROM CBI THE INTERNATIONAL CURRENCY RATES AND ALSO THE VALUE IN THE COUNTRY -- BY THE PRICING INDEX.
10-14-2014 Intel Guru Delta An article came out with the CBI stating that they are about to activate cooperation with the world and with banks; this requires that article 8 be lifted because under it, the IQD is on a program rate of 1166; Iraq is on the verge of a new government organization, and a change. IMO, by Thursday this week we should see interior and defense ministers announced, and IMO, that’s very good for our investment; watch closely after the ministers are announced and officially seated. Why has the CBI has given a letter of credit to banks unless the currency has value. Look at the nations that have come to Iraq’s aid, we don’t see that in Libya and their problems are worse than Iraq; the coalition of nations know that they are going to be paid, IMO.
10-14-2014 Intel Guru Nova ...this is not an Iraq event, this event is not controlled by Iraq, the IQD is the tool that is being used, the currency that is being used, but this is not an Iraqi event dependent on their politicians. ...Mellon, JPMorganChase, GE…all report to the same people that the IMF, WB all report to; these people started the UN; the good news is that they only get paid when we do, they can’t get paid without the backing basket and rate of the IQD being revealed; Of course they are some of the most powerful people in the world with a meticulous, decades-long plan they are methodically implementing. [post 2 of 2]
10-14-2014 Intel Guru Nova ...for the past 3 years, Abadi has worked in the finance ministry and has worked with the CBI; perhaps Abadi is PM now because it’s time for him to be PM? Iraq is doing many complex maneuvers to create demand for their currency – can only do business in IQD, and contracts signed creates demand for the IQD, and a value. ...we are at a point they cannot hide it anymore... [post 1 of 2....stay tuned] 10-13-2014 Intel Guru TNT Tony I got the following this morning: “Any time after the 14th, but there are bills due on the 15th and people want their money.” On Iraqi television, it says that Iraq is about to enter the world in international banking – it was supposed to happen last Thursday and then Saturday, and for sure by the 14th, which it tomorrow. More lower denominations are being put out, but they are pretty worthless until they have a full RI. They have put them out to convince people that full RI is around the corner, and they want people to be prepared. They do have the new rate on their cards. It’s not a system, minister or HCL issue. It’s something else, but we don’t’ have to wait for the Budget to be approved or anything like that. HCL has now been formally agreed, and I told you a month ago that when the RV is ready we will see all these agreements pop up. We are just waiting for activation which should have been this weekend…still looking for this at any time. [post 2 of 2]
10-13-2014 Intel Guru TNT Tony [via Adept1] It should have gone over the weekend including celebrations, and there was a formal request for a couple more days… again. Everything we are hearing is that it is completed and ready to go; everything is done. Fox news came out with a report on Saturday saying “Iraq officials: PM has completed cabinet with defense and interior ministers, final with names”, and those are the names we were given over a month ago. We told you then, and now it is settled and public. HCL has also been announced formally; the Kurds wanted 17% and Abadi has agreed. That has been settled for over a month and now it is out in public. Those weren’t supposed to be announced until the actual RV and GCR is here. [post 1 of 2....stay tuned]
10-13-2014 Intel Guru Oil_Oil_Man GOOD MONDAY NIGHT AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. HAVE YOU NOTICED THE MULTITUDE OF OPINIONS AND STATEMENTS MADE RECENTLY AND A FEEDING FRENZY OF INFORMATION BEING DISSEMINATED? WELL---THERE ARE A REASON FOR IT. TIME UP UNTIL NOW DIDN'T SEEM TO BE OUR FRIEND, BUT NOW--IT IS OUR FRIEND THAT WE HAVEN'T SEEN IN MANY YEARS. I AMONG MANY WILL WELCOME THIS "OLD FRIEND" IN MY HOUSE. I HAVE BEEN WAITING FOR AN ETERNITY FOR HIS APPEARANCE AND NOW HE IS KNOCKING ON MY FRONT DOOR---SCUSE ME WHILE I GO OPEN THE DOOR---NUFF SAID.
10-13-2014 Intel Guru Mnt Goat Iraq is more than ready for an international currency. We hear they have pushed and continue to push the USA in allowing the rollout to complete. Iraq claims they need their full currency back at least to pre-war value...I have some really good contacts in the CBI and they are now telling me that all agreements were made last week and we should expect the final rollout the RV...like now. All agree to the situation and it should happen any day now. But still we wait. [post 2 of 2]
10-13-2014 Intel Guru Mnt Goat I too have heard that Iraq is ready and have been pushing the IMF and the USA to rollout the new rates to the international community. Remember the new PM Abadi comes from the finance ministry and so he is fully aware of the ongoing saga of the currency reform project. They are doing this on the aftermath of their recent funding of the Qi cards and final rollout of the lower denominations and coins. They have advertised the RV in their news papers and even speeches about the process in the mosques. They are fully ready for their revaluation. They have worked so hard in the midst of past political and financial obstacles to get to this point in time. There is now a new sense of urgency coming across to me from the CBI. [post 1 of 2....stay tuned]
10-13-2014 Intel/Newshound Guru Poppy3 I THINK THE INK SHOWS THE BEST CASE SCENARIO OF ANY TIME IS POSSIBLE BUT AFTER THE FULL GOI AND IMPLEMENTATION OF THE LAWS ARE THE BEST CASE BEGINNING TOMORROW OR WED. WE MUST WATCH THEIR ACTIONS THE NEXT FEW DAYS...ALL THESE THINGS PENDING CAN HAPPEN VERY FAST AND THE CBI CAN ACT MUCH FASTER THAN PARLIAMENT OR THE GOI.
10-13-2014 Intel Guru Bulldog75 THE TIME IS NEAR FOR THE GCR. WE ARE IN MID STREAM. THERE IS NO TURNING BACK.
10-13-2014 Intel Guru EXOGEN The saga changes in seconds, however the next 24-48 hours will really tell us where we really are. Right now we have a few things in our Favor. There is a large amount of evidence piling up that is leading many to believe the IQD has already been reinstated. (RI). The rates are really on Bank Screens at certain levels, that is what is so INTERESTING. All of them are THERE. We are still in the 96 hour WINDOW to see something as we posted days ago. And what we are looking for is based on a memo on a Bank Screen...For the first time EVER there was NO HOLD SHOWING with memo instructions...2 days remain in window. [window "ends" around noon EDT on Wednesday?] correct. ALL WE ARE TRACKING NOW IS THIS BANK MEMO/INSTRUCTIONS WITHIN 48 HOURS…USA BANK SCREENS IS ALL THAT MATTERS (HINT HINT).
10-13-2014 Newshound Guru Millionday THERE IS NO MISUNDERSTANDING HOW IMPORTANT THE BUDGET IS TO THE COUNTRY AND THE MOVEMENT OF FUNDS FOR THEIR PROJECTS HOWEVER THEY ARE ALSO DOING SOMETHING ELSE -- THEY ARE MOVING TO A MARKET ECONOMY WHICH IS THE MOVE TO THE GLOBAL MARKET DESIGNED BY SUPPLY AND DEMAND. ECONOMICS 101. THE MOVE TO A MARKET ECONOMY WILL ALSO BE PART OF THE BUDGET FIGURES. THEY ARE IN A HUGE HURRY AND WANT ALL ASPECTS TO BE AS HURRIED AS THE SITUATION REQUIRES FOR IRAQ -- THEY NEED TO MOVE FORWARD AND STOP HOLDING OFF FOR ANY REASON AT ALL. [post 2 of 2]
10-13-2014 Newshound Guru Millionday THE BUDGET IS SCHEDULED TO BE GIVEN TO PARLIAMENT...AND SHOULD BE IN THEIR HANDS -- THE DEADLINE FOR THE BUDGET IS ON OCT 15TH EVERY YEAR -- WE DO NOT KNOW IF THEY ARE READING IT ON TUESDAY BEFORE A VOTE OR VOTING AND HAVE READ IT IN THE BACKROOMS ETC-- THE INK SAYS THEY WILL HAVE IT DONE AND THEN THERE IS A REPORT THAT STATES THEY WILL TAKE TWO WEEKS -- HOWEVER THE FINANCE GROUP HAS STATED THAT IT IS NOT TRUE AND WILL BE COMPLETE. SO WE WILL HAVE TO SEE WHAT OCCURS. [post 1 of 2....stay tuned]
10-13-2014 Newshound Guru Kaperoni Article: "Central tends to activate cooperation with the world" ...there is no overnight RV. Countries emerge all the time from fixed economic policies to engage with the worlds monetary system. As for the currency, its value will be determined by supply and demand as we have stated over and over (which by the way is clearly in print in the IMF Article IV Consultation from 2013)...which ultimately means investment will determine the exchange rate. As capital flows into Iraq to rebuild, invest and contribute to Iraq's market economy, the exchange rate will rise to fight off inflation. That is just basic market economy principles. The talk of "whales" buying up Iraq is just nonsense.
10-13-2014 Intel Guru Jester WHAT IS GOING ON IN THE WORLD IS EASIER TO SEE... THE UNDERLYING DINAR NEWS, WHERE ASSOCIATED WITH SAID WORLD NEWS IS THE HARD PART TO FIGURE OUT... BUT IT IS ALL CERTAINLY TIED TOGETHER... SO SEEING THE REST OF THE WORLD STARTING TO MOVE FORWARD IS CERTAINLY A GOOD SIGN... I AM ONLY INDICATING THAT SOME EVENTS WE WERE WAITING FOR ACTUALLY HAPPENED AND THIS SHOULD IN TURN INDICATE WE ARE MOVING THE RIGHT DIRECTION.
10-13-2014 Intel/Newshound Guru Backdoc AS WE AWAIT IRAQS’ RE-ENTRY TO THE INTERNATIONAL STAGE WITH A REALISTIC VALUE...THE DONG TOO AWAITS THE DEPARTURE OF A PROGRAM RATE, AND LOOKS TO ITS’ OWN REALISTIC RATE WITH THE BLESSINGS OF THE IMF SINCE IT TOO HAS PASSED ARTICLE 4 REVIEW SUCCESSFULLY. ONE THING I KNOW IS, IF YOU OWN DINAR OR DONG YOU WON’T BE LOOKIN LIKE A FOOL WITH YOUR PANTS ON THE GROUND!! THESE ARE MY OWN THOUGHTS AND OPINIONS AND NOT INTENDED FOR FINANCIAL ADVICE. [post 2 of 2]
10-13-2014 Intel/Newshound Guru Backdoc [new guru] (Oz = IMF, WORLD BANK, U.S.TREASURY, AND CBI) OZ LAND IS OBVIOUSLY GETTING NERVOUS...TODAY, OZ IS LOOKING TO HOPE. HOPE THAT IRAQ AND VIETNAM CAN RE-ENTER THE WORLD STAGE WITH THE IMF’S BLESSING. ...OZ...ALONE DECIDES WHEN TO PULL THE CURTAIN BACK AND REVEAL THESE NEW RATES! YES, THEY WILL COME! WHEN? ...WHAT WE ARE SEEING RIGHT NOW IN THE WORLD MARKETS AND NEW COUNTRY DOWNGRADES, IS EVIDENCE THAT OZ IS IN PREPARATION FOR THE CURTAIN PULLING! [post 1 of 2....stay tuned]
10-13-2014 Intel/Newshound Guru tman23 ...before seeing a RV...There are no international banks that are going to loan Iraq money with the current security situation and the US Treasury (ESF) is not going to put the basket of eggs on the line without boots on the ground to ensure a protection of it's vested interest. Also take notice of the date the 14th, it is appearing frequently as the start of several events, BIG events!
10-13-2014 Newshound Guru Millionday WE HAVE A DEADLINE FOR THE BUDGET TO BE THE 15TH OF OCTOBER...NO MATTER WHAT THE NEWS STATES THE DEADLINE IS THE 15TH. WE HAVE A LOT GOING ON THIS WEEK -- THIS LAST SIX MONTHS HAS BEEN LOADED WITH NEWS AND LOTS OF VERY IMPORTANT THINGS GETTING DONE.
10-13-2014 Intel/Newshound Guru tlm724 Article: "Central tends to activate cooperation with the world" Quote: "that the central made considerable progress in reforming the banking system through the provision of legislative environment suitable for the development of its business and make way for the launch of its services commensurate with the requirements of the market economy" ...this is coming from the Director General of Statistics and research at the CBI not just some opinion piece...following the program set forth by the IMF. they are getting the whole system in place, they have launched, taking that quantum leap we have been waiting for! Abadi is the man and as we watch this unfold it won't be long before we see the true worth of the dinar surface.
10-13-2014 Newshound Guru Kaperoni Article: "Central tends to activate cooperation with the world" Quote: "the requirements of the market economy and the provision of banking services to investors Iraqis and foreigners, especially that the country is on the verge of activating cooperation banking International service requirements anticipated in the development of the Iraqi economy, which is guaranteed by the new government program." I would think "on the verge" is within 6 months, not days or weeks. I keep grounded by the enormous task ahead for the Abadi GOI passing laws, fight ISIL etc. But...the significance of an agreement to form a committee to implement the transition to a market economy with the full support of GOI is very important. The next few weeks, months will be very telling.
10-13-2014 Intel Guru TerryK SOME BODY SAID THERE WERE SMALL DENOMS OUT. IM HERE TO TELL U THAT'S FALSE. TRUST THIS, IF THERE WERE SMALLS OUT THERE DON'T YOU THINK I WOULD HAVE SOME. 50 DINAR NOTES ARE THE SMALLEST. I AM HEARING STRONG 15TH WHICH IS WED. THEY HAVE TO MAKE SURE OF A COUPLE OF THINGS...ONE THAT M [MALIKI] IS OUT OF ALL OPTIONS AND POWER. TWO THAT A [ABADI ?] HAS FULL BACKING OF THE IRAQ GOVERNMENT. KEEP THAT IN MIND AND I GOT A GUT FEELING UNTIL ISIS IS TOTALLY GONE OR DIMINISHED THEIR MAYBE A DELAY. HOPING IM WRONG BUT WITH THAT SAID ALL THE NATIONS ARE SUPPORTING THE DEAMINIZE OF ISIS. THEY ALL WANT TO BE PAID. 10-12-2014 Intel/Newshound Guru tlm724 Article: "Parliament resumes its sessions next Tuesday to name security ministers" "House resumes its normal next Tuesday to name the heads of parliamentary committees and sworn minister Kurds" the agenda also includes the naming security minister, and the first reading of the budget in the event of arrival of the prime minister. The naming security minister still under negotiations has not been resolved yet, expected to be reached during the next two days to resolve this issue to be raised at the hearing Tuesday...so if they don't reach an agreement on the security minister by Tuesday they will do it on Thursday, same for the budget.
10-12-2014 Intel Guru NOVA ...The 2014 Budget Is Done And Has Been Done For Quite Awhile, And We Need Not Worry About When & If They're Going To Pass It. Its A Matter Of When Are They Going To Show It To The World! I Personally Am Expecting "SOMETHING TREMENDOUS COME FROM THIS BUDGET"...The 2014 Budget! We Have Not Seen Any Of The Laws Talked About So Much Because Iraq Does Not Have A International Currency To Fund Their 2014 Budget! Allowing Their 2014 Budget To Be Seen Does Require The Revealing Of The True Numbers. EveryThing That The GOI Will Do Going Forward Must Be Funded By The Budget! Why? Because Of That Little Law In Place That Says That Only IQD Can Be Used To Settle Accounts In Iraq! ...If We Do Not See Tremendous Things From This Budget Then Iraq Has Defied The Global Laws Of Economics And This Will Not Happen. We Have Not Seen Them Because They Can Not Defy These Laws. [post 2 of 2]
10-12-2014 Intel Guru NOVA ...A Good Friend Of Mine. He Was Expressing Is Frustration With The IQD & The Ever Elusive Budget!! He Was Ready To Give Up On The whole Thing and Move On. Rather Then Trying To Explain The Craziness Of It All, I Simply Said "Until Iraq Defies The Basic Laws/Rules Of Global Economics, Relax. We Have Not Seen That Yet. We Might Think We Have But We Have Not..." There Are Big Things Happening Right Now On A Global Scale! We Can Point To So Many Things That Are Evidence Of This! "It Will Get To The Point Where They Can Not Hide It Anymore"!! Why Do I Say That? ...There Is A Line That Can Not Be Crossed And The Powers To Be Are Getting Very Close To It!! And That Is A Good Thing! [post 1 of 2....stay tuned]
10-12-2014 Intel/Newshound Guru Poppy3 MUCH GREAT NEWS AND TIMING ISSUE IS OUR ONLY HOLDUP AS I HAVE SAID TIME WILL REVEAL THE FACTS EVERY DAY. ACCORDING TO ALL THE NEWS AND THE SOURCES WHAT WE NEED COMPLETED IS FRONT AND CENTER IN PRIORITY TO THEM AND THIS IS THE BEST POSITION WE HAVE EVER BEEN IN IN MY 11 YEARS.
10-12-2014 Intel/Newshound Guru tman23 The 2014 Budget...There will be 3 readings, the FIRST reading is scheduled for Tuesday the 14th, usually the second reading takes place 2 weekends after the first reading but because of the due diligence the second reading may be Thursday. The Third reading and vote will take place before the end of October. That said; The 2014 Budget with numbers is not the trigger for the CBI by any means but what it will show is a national consensus (meaning parties agree to the language and prove there is harmony). The CBI needs to see unity first and foremost inside the GOI...The Kurd Ministers taking there seat, Barzani (PM) signing an agreement that entails a list of MoU's and the adoption of the 2104 Budget is the START.
10-12-2014 Intel Guru Blaino THERE HAS NOT...BEEN ANY TYPE OR KIND OF SECRET, LOCKED DOWN, UNCONFIRMABLE "IN COUNTRY RV!" REALLY! 25 MILLION PEOPLE 'JUST WOULDN'T TELL?' REALLY? WE DIDN'T HAVE AN IN COUNTRY RV IN 2010 OR 2011, OR 2012... ETC ETC ETC!!! ...CELL PHONES, SAT PHONES, INTERNET, CANS WITH STRING, SMOKE SIGNALS...DOES ANY THINKING PERSON REALLY BELIEVE THAT THE SCOOP OF THE CENTURY IN FINANCIAL TERMS WILL JUST SIMMER AWAY...UNREPORTED BY FNS, FBN, CNN, ETC, ETC , ETC? HOW MUCH SENSE DOES THAT REALLY MAKE? IF WE GET ANY MOVEMENT FROM A PARTICULAR DIRECTION BY THE 20TH, I'LL BE VERY PLEASED. WE STILL HEAR THE SUPPORTING EVENTS THAT WILL USHER IN THE GCR, RE-VAL, ETC., COULD DEVELOP WITHIN THE COMING WEEK!
10-12-2014 Newshound Guru Enorrste Article: "Central tends to activate cooperation with the world" Quote: "the requirements of the market economy and the provision of banking services to investors Iraqis and foreigners, especially that the country is on the verge of activating cooperation banking International service requirements anticipated in the development of the Iraqi economy, which is guaranteed by the new government program." I especially like the term "on the verge" which seems to indicate that they are about to make a move. Add to that mention of a "guarantee by the new government program" and I'm led to believe that this is a subtle way of saying that Al-Abadi is totally behind this move, while we know that Maliki was not. It all sounds good to me!
10-12-2014 Newshound Guru Millionday [ isnt the plan to open the budget on oct 15 and begin payments?] YES THEY HAVE ANNOUNCED THAT THEY HAVE MANY AGREEMENTS THAT THEY MADE THAT REQUIRE THAT THEY BEGIN PAYMENT ON THE 15TH AND WE ALSO KNOW THAT THEY HAVE BEEN HUSTLING TO GET THE BUDGET DONE AND SAY THEY ARE MEETING FOR THE READING AND VOTE ON THE 15TH -- THEY COULD RELEASE THE RATE AT ANYTIME -- THEY ARE ABLE TO DO THAT DUE TO THEIR INDEPENDENCE AND POWER. [post 2 of 2]
10-12-2014 Newshound Guru Millionday CBI HAS MADE HUGE PROGRESS TO MOVE TO THE GLOBE...THAT IS WHAT WILL SHOW US A RATE. THEY HAVE MADE THE TECHNICAL ADVANCEMENTS NEEDED AND ARE USED BY OTHER CENTRAL BANKS. CBI IS READY TO ACTIVATE THE MOVE TO THE GLOBE AND INTENDS TO DO SO. THE TIMELINE IS BEAUTIFUL WITH WHAT WE HAVE BEEN SEEING -- WE DONT HAVE INK ON IT BUT WE HAVE BEEN SEEING A RUSH TO GET THINGS DONE. THE MOVE TO A MARKET ECONOMY AND THE ECONOMIC DEVELOPMENT IS WHEN WE WILL SEE THE REALITY RATE AND THE IRAQI VALUE OF IRAQ. [post 1of 2....stay tuned]
10-12-2014 Intel Guru SteveI ...lots of questions regarding the so called new bills. I did some research and contacted [Guru] Ray and others and they all came back with the very same answer, "They said that is the currency that has been used by the Iraqi people for quite a while now. Nothing new." Matter of fact, one of Rays contacts has some and was going to show Ray the bills. So, the actual new currency has not been introduced into the country yet and will not until the rate changes. When will the rate change? As soon as the budget gets passed according to many. So lets just sit back and wait for the budget to get passed and see what happens.
10-11-2014 Intel/Newshound Guru tman23 Parliament will be in session on the 14th and it will be dealing with the reading of the Budget along with many other laws...IMO it does appear that a host of laws will be passed in a one day -two day voting session.
10-11-2014 Newshound Guru Kaperoni Article: "Kurdistan: We will give a formal request to the United Nations on independence for Iraq" The Kurds are feeling the same way we are..nervous. So far Abadi has said all the right things but he has not accomplished anything yet...not to mention the constant roadblocks that he seems to be facing. What are the chances Abadi will succeed?
10-11-2014 Newshound Guru tlm724 Article: "Ihsanoglu: Council meetings will resume with effect from next Tuesday to name security ministers" Quote: "noting that the meeting will naming heads of parliamentary standing committees and the performance of the constitutional right of the ministers of the Kurds, in addition to naming security minister" get the Kurds sworn in is a big thing. I pray the National Alliance doesn't mess up the naming of the minister of security. the agenda also includes the naming ministers unsuspecting, and the first reading of the budget in case it came from the prime minister.
10-11-2014 Newshound Guru Millionday [ Is the situation in Bagdad with Isis under control?] I KNOW THAT THEY ARE WORKING AROUND THE CLOCK TO GET THEM UNDER CONTROL. THEY HAVE HAD HUGE SUCCESS WITH DAASH AND ISIS AND HAVE ADDED TWO MORE COUNTRIES IN THE LAST DAYS.
10-11-2014 Intel/Newshound Guru tman23 "Speaker of the parliament, Saleem al-Jobouri, arrived on Friday, at the head of a parliamentarian delegation to Geneva..." Good to see in print that Jabouri arrived on Friday...assume he will be there for 6 days and back to head the session in Parliment on the 16th for voting on the Budget and Ministers.
10-11-2014 Intel Guru Bulldog75 We are positive and Blessed. Our Manna comes forth soon to now. We are positive, optimistic with an attitude of gratitude.
10-11-2014 Intel Gurus TNT Tony & DC [via Already Blessed] ALL IS AWESOME...ABSOLUTELY FLIPPIN' AWESOME!
10-11-2014 Newshound Guru Stryker QUOTE: "Prime Minister Haider al-Abadi will present the names of candidates for the security ministries to the House of Representatives, next Thursday." QUOTE: "the meeting of the Council of Representatives for next Tuesday will be limited to reading the draft general budget bill which is expected to be sent by the government during the next two days." QUOTE: "The next stage requires accelerate the passage of important bills in the forefront of political parties, oil and gas, and was attended by the Baath Party."
These above quotes go along with what I have been told yesterday, Budget Tuesday, Security Minister Thursday and parliament will work multiple sessions weekly starting Tuesday 14th until all laws and issues get resolved.
10-11-2014 Intel/Newshound Guru tman23 The Parliament session was scheduled to be held on the 17th of this month and submitted to the 14th of the same month...Jabouri will be back for the 16th which I believe will be a voting session on Ministers and the Budget.... THEY ARE TIMING THESE EVENTS ALL IN ONE BAG..
10-11-2014 Newshound Guru Adam Montana [ I have always thought that the lower denomination/fils would release in conjunction with the RV of the IQD...to see them prior would tip the game...is this assumption on or near the mark?] Yes, if we see new denominations before a change in the rate, then we're looking at a different game. I anticipate a lot of news about new denoms immediately before the CBI changes the value, but until I actually SEE the denoms with my own eyes - no panic here. The opposite, in fact - the more propaganda they push out, the closer we likely are. [Do ya think it's possible for Iraq to have already printed the lower denominational notes and have them setting in a vault somewhere, ready to distribute once the switch's flipped.] YES, and in fact I have contacts that have told me that is already the case.
10-11-2014 Intel Guru TNT Tony [via Adept1] Abadi has not made the announcement yet. On Wednesday they said there were two times, and the first one was 11 o’clock last night [Thursday]. They were even scrolling it on the television, that Abadi would make that announcement on the news. We know the backup time and we have not passed that yet. This morning they explained the currency exchange procedures in the mosque again today. All over the internet, it’s saying Abadi is now scheduled to make an announcement on the 14th, but we don’t know what that is about, and there is another announcement scheduled in the meantime...we are just so close now...It should be in a interesting weekend. I really don’t think we’ll go to the 14th. So even though people are saying “the 14th”, I also told you that I believe in ‘weekend parties’… so…
10-11-2014 Intel Guru DC [via Adept1] They promised he [Abadi] would do it on Thursday...and it still has not happened. Everyone in the world has been briefed and there is supposed to be a backup time, and Iraq has promised to get it done by the backup time. The rest of the world is more than ready, and those who were delaying things are now pushing for it to be done. ...celebrations are planned/scheduled as soon as this goes on. I’m excited and expecting this will be done very quickly.
10-11-2014 Newshound Guru Millionday Article quote: "It is noteworthy that the Iraqi Council of Representatives may select the day 14 of the month as the date for the holding of its own to read the General Budget Law for the year 2014 to be voted." ...PARLIAMENT IS PLANNING ON HAVING THE BUDGET VOTED IN BY THE 14TH OF OCTOBER TO MEET SOME TYPE OF DEADLINE/GOAL. THEY ARE OPENLY TELLING US THAT THE FIGURES ARE NOT ABLE TO BE USED AS IRAQ IS RIGHT NOW AND I SEE THAT THEIR REALITY WILL CHANGE SO THIS IS GREAT GREAT NEWS --- VOTING IN THE SAME DAY IS GREAT TO SEE AS WELL AND THEY ARE MEETING TOMORROW AS WELL TO DISCUSS I SEE. THE 14TH FOR PARLIAMENT FOR THE BUDGET AND MINISTERS AND TOMORROW THE MEETING WITH PARLIAMENT SHOULD GO FORWARD FOR THE BUDGET. I THINK THEY ARE TRYING TO READ IT AND PASS IT ON THE SAME DAY -- HOWEVER THAT IS THE GOAL AND THIS IS IRAQ -- SO WE HAVE TO WATCH. 10-10-2014 Newshound Guru Poppy3 USA AIR SUPPORT STOPPED IN IRAQ A WEEK AGO. RUMOR IS OUR PLANES ARE GROUNDED TILL IRAQ GOI IS COMPLETE. THIS COULD CONTINUE THE URGENCY TO FINISH. STILL EXPECTING ANOTHER EMERGENCY BEFORE THE 14TH IF THEY CAN COME INTO AGREEMENT.
10-10-2014 Intel/Newshound Guru tman23 The government is not complete and IMO this has nothing to do with the Security Ministers as much as it does with the Kurd's taking the oath and being seated...Hopefully we see this take place Saturday or Sunday...I suspect Monday the 13th Jabouri and Ismail will be in Switzerland... What takes place there of course is unknown...But the Kurds being sworn in before the travels to Switzerland IMO increases the odds in the favor of IQD speculators in a huge way...
10-10-2014 Intel Guru Frank26 Do you and your team feel that Iraq will announce their completed Government to the world on October 14? No......... Maybe 18th to 31st
10-10-2014 Newshound Guru Chattels ...i question the likelihood of a substantial increase in the value of the dinar while 25 % of a country is occupied by a hostile force. let me be clear about the date and rate, i do not know, nor does anyone else. what i am weary of is the constancy of the " good news " when it is not all good news. the constancy of tomorrow this/that will happen. NOBODY knows!
10-10-2014 Newshound Guru Chattels Article quote: "there are efforts by large members of the House of Representatives to pass important laws after the holiday, but at the same time there are political differences hinder the adoption of these laws, despite the efforts exerted by the number of members of parliament". What laws unpassed are they speaking of ? Quote: "at the House of Representatives nearly 200 law is disabled and the toughest of those laws is to amend the Constitution, the steeper the Social Security Act and passing the budget and the law of the Federation Council and the law of parties, oil and gas," and the budget from 2014. please do not believe that there is a "basket" of all these laws that is magically to appear and be passed...that is NOT the political reality in Iraq. [were supposed to vote on all this yesterday?] the only vote(s) that count, IMO, are in Parliament, and Parliament is not meeting until the 14th.
10-10-2014 Newshound Guru Adam Montana [ I know you've always said that the HCL had to be settled before the RV...and that made sense. Don't you think it also makes sense that in order to RV, we have to first take care of ISSIS and secure the country? The media is saying this conflict could take years. What say you on this matter?] ISIS definitely needs to be controlled...we are fortunate that ISIS is a weak organization, and the limp measures being taken against them at this time might actually be sufficient to contain them. Unfortunately, we've not seen the "last" of ISIS by any means... but I am pretty sure that the current actions will be enough to give Iraq room to breathe and shift their attention back to HCL and a shift in the exchange rate.
10-10-2014 Newshound Guru tlm724 Article: "Deputy for National: agreement on parliamentary approval of important laws and naming security minister" there was agreement on parliamentary approval of important laws, which meets the aspirations of the people, and ensuring the security minister named soon *hallelujah*. "among these important laws of the Federal Court that he had read the first reading, and the law of parties, and oil and gas law" yep top priority. "Congress confirms the existence of an agreement within the corridors of Parliament on the importance of approving and pass laws, especially those that read the first reading." now we're talking.
10-10-2014 Newshound Guru Chattels no report as yet from the CBI so it would appear that the CBI is tracking the government holiday through today. [what does that mean? ---> CBI is tracking the government?] the CBI holiday should have been only four days, this is day five and the government holiday was through today.
10-10-2014 Newshound Guru Adam Montana [ I feel that in order to see the RV Iraq needs to pass and implement the 2014 budget and at the same time implement the HCL law. Do you concur...?] Yes. [ Let's pretend for a minute everything (as we see it) is done in regards to Iraq hitting the " RV Green Light" . HCL, budget, fully seated government etc...all done. Based on your knowledge , what are the odds Iraq doesn't RV and continues to manage their economy thru money auctions or whatever means available?] You asked for odds - 1000:1 or better that they absolutely definitely 100% increase the value once that "RV Green Light" is lit. When these things happen, the rate WILL go up, and I'm personally willing to stake any amount of $$$$$$ on it.
10-10-2014 Intel/Newshound Guru Poppy3 I HAVE THOUGHT ALL ALONG THAT STATEMENTS THEY AND THE IMF PREVIOUSLY WOULD BE ADHERED TOO BUT IT SEEMS NOW FROM PEOPLE THERE THAT THEY MAY BE IN A POSITION THEY CAN'T COME OUT AS HIGH AS PLANNED BUT I STILL THINK THEY HAVE TO BE HIGH ENOUGH TO RID THE STREETS OF USD. TIME WILL TELL THE FACTS . [ it looks to me like Iraq's only choice is to RV asap to get out of this financial situation, even if the rate is just 1:1. If they don't rv soon, the hole will only get deeper.] YES THATS WHAT has changed MY MIND A LOT BECAUSE THERE SITUATION FINANCIALLY HAS CHANGED. IT STILL CAN BE HIGHER THAN THE 1 TO 1 BUT AT THIS POINT WE JUST HAVE TO WAIT FOR SOME OFFICIAL WORDS FROM A CBI OFFICIAL...
10-10-2014 Newshound Guru Millionday PARLIAMENT WILL VOTE THROUGH THE BUDGET ON THE 14TH OF OCTOBER...THE OIL FIGURES HAD TO BE ADDRESSED AND... THEY HAD TO HAVE AMENDMENTS DONE FOR THE BUDGET COMPLETION AND THE GOAL IS TO HAVE THIS DONE BY THE 14TH OF THIS MONTH. ABADI WILL NAME THE MINISTERS ON THE 14TH OF OCTOBER...WE ARE SEEING THEM AT AN OBVIOUS RUSH TO HIT THAT DEADLINE SO THAT IS VERY EXCITING. IT DOES SEEM THAT THEY ARE TRYING TO HAVE IT ALL DONE BY THE 15TH OF OCTOBER SO WE WILL HAVE TO WATCH IT ALL AS IT UNFOLDS.
10-9-2014 Intel/Newshound Guru Poppy3 WAS TOLD A PROGRESS REPORT WILL BE ANNOUNCED IN THE MOSQUE TOMORROW. THEY WERE EXPECTED TO VOTE TODAY AND CONFLICT ON THINGS THAT HAD PREVIOUSLY BEEN AGREED ON WAS BROUGHT UP AGAIN AND THEY DISAGREED AGAIN SO NOW THE VOTES WHERE DELAYED AGAIN. NEW TIME FOR THE FINAL VOTE STATED TO BE THE 14TH AT THE LATEST BUT EXPECT TO SEE ANOTHER CALLED MEETING PRIOR IF AT ALL POSSIBLE.
10-9-2014 Intel Guru Blaino WE STILL HEAR THE SUPPORTING EVENTS THAT WILL USHER IN THE GCR, RE-VAL, ETC., COULD DEVELOP WITHIN THE COMING WEEK! SOME OF OUR INTEL PURPORTS A SOONER RATHER THAN LATER STANCE.
10-9-2014 Intel/Newshound Guru tman23 "The head of the parliamentary Finance Commission provisional Magda El-Tamimi, said earlier that "the House of general budget bill will be submitted for the first reading, the arrival of the Government"... FIRST READING of the 2014 Budget on the 14th..."Karbouli said in a statement obtained by (treasures media) that "the voting process on the Security Ministers for the post of the Ministry of Interior and defense will be in session 14 of this month but the vote could be 16 or 18 of the month after the return of the House of Salim Al-jubouri of travel."...( So the question is...Will any voting take place with Jabouri the President of Parliment being out of the country ?)
10-9-2014 Intel Guru EXOGEN [Is Santa's appearance still IMMINENT?] INEVITABLE.
10-9-2014 Intel Guru Frank26 Kurds introduced their ministers last night. Everyday that passes More important laws are also passed and mutual agreements are being established in Baghdad. The KURDS right now are ecstatic...Their eyes have seen the Power coming to them via an old...2014 budget. They do not discuss how to agree on passing an already active and functioning 2014 Budget. They discuss how to present the Budget and full GOI to YOU...The International Community.
10-9-2014 Newshound Guru Adam Montana [ I remember there was a lot of talk about Maliki increasing the exchange rate in order to win the election. That clearly didn't happen, so does the PM have an[y] power to do so?] Nope. The PM has influence, but the only entity that can adjust the exchange rate is the CBI. With the new PM (Abadi) in place, there's some pretty serious speculation that things are finally going to get moving in the right direction. The entire country is a little distracted with the recent power shift and of course ISIS to a small extent, but things are moving in the right direction and at a good pace (FINALLY).
10-9-2014 Newshound Guru Millionday THEY ARE CUTTING CORNERS TO AVOID AS MUCH DEFICIT AS POSSIBLE FOR THE BUDGET. THEY ARE CUTTING THEM TO MINIMIZE THE DEFICIT TO HAVE A POSITIVE EFFECT ON THE ECONOMIC IMPACT. SO AS WE KNOW THEY ARE VOTING ON THE BUDGET SATURDAY...THEY HAVE REPORTED THAT THE VOTE WILL GO ON TO RUSH IT.
10-9-2014 Intel/Newshound Guru Poppy3 i...was told they will vote today/thursday. THEY WILL VOTE ON BUDGET...AND THEY R GOING TO PASS THE MINISTERS ALSO IF THEY CAN GET JUST ONE MORE GROUP TO AGREE AND THEY THINK THEY CAN. [THANKS FOR THE HOPE.] NOT HOPE...FACTS THIS TIME.
10-9-2014 Newshound Guru Millionday IN A PRESS STATEMENT JUBOURI MADE A GREAT STATEMENT BY PRAISING THE INPUT BY THE KURDISTAN TROOPS IN DEFENDING THE COUNTRY...THAT THE ISSUES OF THE CITIZENS AND THE NEEDS OF ALL WILL BE ADDRESSED IN THE NEAR FUTURE -- THIS IS GREAT AND HELPS BRING THE COUNTRY TOGETHER. THEY ARE HAPPY WITH SHOWING THE NEW RELATIONSHIP WITH THE KURDS AND FEDERAL GOV AND HOW THEY ARE ABLE AND WILLING TO WORK TOGETHER AS A UNIFIED GOV. Quote: "initial indications at Arbil positive ensures join the Kurdish minister in the government formation, and requires chanting oath in the House of Representatives before their participation in the cabinet meeting next Tuesday." THE KURDS ARE GOING TO IRAQ FEDERAL MINISTER SWEARING IN ON SATURDAY –WHOOOPOW -- WE MAY HAVE A GOVERNMENT ON THE 14TH OF OCTOBER. 10-8-2014 Intel Guru TNT Tony [via Adept1] So on Monday they released the rest of the ‘new currency’, and it’s in the hands of the people, not just the banks. Everyone is anticipating the big announcement at 10am [tomorrow] their time. This whole process from the 1st to today is what they wanted to do as a “slow rollout”... it’s been a nine-day process. They chose to do it over the holiday period…By doing what they did over the holiday, they also let the world know for sure that Iraq IS actually doing this every day and seeing the results. They cannot wait another six months because all hell would break loose. Celebrations are scheduled again, and their people in the street are anticipating this at 10 o’clock tomorrow. If it doesn’t happen, there will be hell to pay in Iraq! Even though I told you the 10 o’clock announcement for the public deal...It could be delayed, but there is a backup time.
10-8-2014 Intel Guru DC [via Adept1] There are wonderful things happening in Iraq. On their television, they are describing the lower denomination notes, and their new coins. Those are being distributed in the markets as well as the banks and exchange centers...the actual dinar notes are now live. This means that the dinar has really been revalued, because otherwise a 1 dinar note or coin would be worthless. On television they will also be giving a major speech about economic reform, and the fact that it is concluding – tomorrow morning. On television they continue to announce that this will be done on Wednesday, then on Thursday (tonight, tomorrow morning). It’s on the news, in public. The coins are out, the Qi cards and bank accounts are set up, so there’s not much left to do or that can cause issues at this point. That’s a wonderful thing for us. I feel very good about this... the current pressure we’re seeing says so much more about this going through this time.
10-8-2014 Newshound/Intel Guru BGG [When does CBI open back up?] I kind of doubt we see any activity at the CBI until Sat (at least)... and even then they don't normally post until Sun/Mon? Thurs is the earliest it could happen...but then Friday is a normal day off - the Sat...etc, etc, etc.
10-8-2014 Newshound Guru OOTW I just wanted to say that as a researcher, I've been visiting Almada's site daily, that .90 has been showing for years [reference Guru Chattels post 10-6-2014] ...I do not mean to be a killjoy. THESE ARE THE RATES TODAY FROM THE MINISTRY OF FINANCE SITE Exchange Rates: EGP 162.2517 SAR 309.1457 BHD 3,077.1883 USD 1,160.1000 EUR 1,452.285. THAT'S A CHANGE IN OUR FAVOR OF FOUR DINARS. i'm awaiting the return of parliament to see some good ER [Economic Reform] laws coming our way.
10-8-2014 Newshound Guru Millionday THEY HAVE PRINTED THE 1, 5, 10, 25, AND 100 DINAR NOTE AND ALSO SOME MORE OF THE 50`S. THEY WILL BE RELEASED WHEN THE VALUE IS CHANGED AND THEY ARE USEFUL - THEY ARE PART OF THE MONETARY POLICY BEING ACTIVATED WITH THE ECONOMIC REFORM AND BANKING REFORMS AS WELL - ALL AT THE SAME TIME. THIS IS SUPPORTIVE OF THE AGREEMENTS THAT WERE MADE BY THE STRATEGIC FRAMEWORK AGREEMENT -- (TRADE).
10-8-2014 Newshound Guru tlm724 Article: "Kurdistan: the province will provide the numbers Baghdad's oil exports and then disbursed salaries stalled" well there we have it , the Kurds will provide all the numbers needed to calculate the exports clearing the way for the budget and their participation in the new GOI ! *hallelujah*
10-8-2014 Newshound Guru Stryker RESEARCH: Eid al-Adha started on Sunday October 4th and ends tonight in Iraq...articles continue referring to things not getting completed until after the feast of Eid al-Adha...So look for things to start picking up tomorrow...Another interesting fact; the Speaker of the House Jabouri announced that October 14th would be the start of the next phase in Iraq and the start of Parliaments sessions. This is why so many things are stating that the Kurds will take their oath into the new Abadi Government next Tuesday and the budget will then get passed.
10-8-2014 Intel/Newshound Guru tman23 Riddle me this...High unemployment, Projects stopped and bankrupt, a national guard being added to the payroll of the GOI, and brent crude prices are falling below $90 a barrel...And when the 2014 budget is passed.. "If the adoption of the financial budget in 2014 after the Eid holiday, there will be a change in salary retroactively from 1 January 2014. It will increase the salary 114% and include retired persons"...This being said not to mention the budget had a 5% oil sharing for the citizens and 5% oil revenue goes to Kuwait... So figure out the Riddle of HOW are they coming up with $$$$$.
10-8-2014 Intel/Newshound Guru Poppy3 OUR MONEY POSSIBILITIES ARE LOOKING VERY GOOD FOR LATER THIS MONTH. THE 15TH IS LOOKING ESPECIALLY GOOD IF THINGS PROGRESS AS PREDICTED TO HAPPEN.
10-8-2014 Intel Guru TerryK IM HEARING THIS MAYBE OUR WEEK. IRAQ CANT GO ON LIKE THIS. I HEARD TODAY THEY ARE OUT OUT OUT OF FAVORS FROM OTHER COUNTIES. THEY DEFAULTED ON A FEW LOANS YESTERDAY AND PUT SOME PEEPS IN BAD SITUATIONS AND NOW THEY ARE BEING PUT ON THE HOT ROCK AND BEING TOLD DO IT OR NO SUPPORT. I DID GET THIS TODAY...THAT IT MAY SHAKE OUT AT LIKE 1 TO 1. ITS A SHAKE OUT RATE TO BRING IN TRILLIONS. THEN WITHIN 24 HOURS IT IS TO GO TO 3.76, THEN 24 HOURS AFTER THAT UP AROUND 8.16. KEEP IN MIND THAT THE IRAQ DINAR IS GOING TO BE THE STRONGEST CURRENCY IN THE WORLD.
10-8-2014 Newshound/Intel Guru BGG Iraq needs help in a lot of ways. Currency reform is one of them. This country's growth has been stunted by a dictator. This era is over.
10-8-2014 Newshound Guru Millionday THE BUDGET WAS HELD UP DUE TO THE LACK OF MONEY THAT SHOULD BE THERE OR PAID BY THE OIL THAT WAS PRODUCED. MALIKI CAN NOT ACCOUNT FOR THE FUNDS OWED TO THE CITIZENS OR PROVINCES OR THE KURD TROOPS ETC. THEY HAVE RECEIVED THE FINAL ACCOUNTS AND MONIES DUE AND FUNDS THAT SHOULD BE ACCOUNTED FOR -- SO THE BUDGET CALCULATIONS SHOULD HAVE BEEN RECEIVED SATURDAY -- THE DAY THAT THE HOLIDAY BEGAN OR THEY WOULD HAVE HAD IT DONE. THEY NEEDED THE PAPERWORK SO THEY CAN BUDGET FUNDING ACCORDING TO WHAT THEY DO HAVE. SO NOW THEY HAVE ALL THEY NEED TO MOVE FORWARD AND EXPECT TO HAVE IT VOTED THROUGH. [do we have a time frame yet on when the budget will be voted on?] YES THEY ARE STATING BY SATURDAY AND HAVE STATED THEY WILL BE MEETING ON IT THROUGH THE WEEK AS WELL. [post 2 of 2]
10-8-2014 Newshound Guru Millionday ABADI IS SIFTING THROUGH ALL MILITARY PLACED BY MALIKI AND REMOVING AND ALSO REMOVING SALARIES THAT ARE NOT OFFICIAL OR BY LAW. HE IS REMOVING...ANYONE THAT WAS PLACED IN A POSITION THAT CAN RISK THE COUNTRY SECURITY...THIS IS GOING BACK THE WHOLE 8 YEARS. SO THE DELAY OF THE BUDGET HAS POSTPONED THE SALARIES OF MILITARY AND THE PEOPLE AS A WHOLE AND MUST BE APPROVED FOR THIS REASON -- ALL AGREEMENTS MUST BE MET. [post 1 of 2....stay tuned] 10-7-2014 Newshound Guru wmawhite the investors will not come until there is an internationally accepted currency. Plus, the economy will not grow until the currency becomes valuable...1116 is not valuable.
10-7-2014 Intel Guru Mnt Goat About The Global Currency Reset (GCR)...I want to tell you there is not, and I whole heartedly know this for a fact, that there is not going to be 200+ never mind even 10 currencies all revaluing at the same time in the near future. The term GCR is not even recognized by the IMF. There is no GCR planned. Yes – there is a global reset that is ongoing and it has been for four years now. The IMF has already revalued or devalued over 150+ currencies since then. I am not saying that many currencies will not simultaneously revalue when the IQD does. But it is fact that 200+ currencies will not revalue together.
10-7-2014 Intel Guru TNT Tony 2 more confirmations new currency is out. CBI scheduled to make some kind of announcement Thursday.
10-7-2014 Intel/Newshound Guru tman23 So Iraq has 2 million displaced people, a GOI with no capital reserves left (reportedly), and oil prices declining as global manufacturing has slowed...AND PEOPLE ARE GETTING A RAISE RETROACTIVE TO JAN 2014...WHICH WOULD BE OVER $3,200 usd PER LOWEST PAID PERSON IN ONE LUMP SUM...(4 MILLION DINAR)...THAT IS A LOT OF 10K NOTES TO FLOOD IRAQ WITH.....ESPECIALLY IF YOU HAVE BEEN DRAWING DOWN THE 3 ZEROS...MAKES NO SENSE...Iraq NEEDS purchasing power and since EVERYTHING is imported they will grow very very slow and go broke importing goods with the current status quo in place...
10-7-2014 Newshound Guru Millionday AFTER THE VALUE CHANGES WILL BE WHEN THEY WILL BE USING THE SMALL DENOMS AND THAT WILL ALSO BE WHEN THE INTERNATIONAL RATES CHANGE -- ALL THROUGH DATA ENTRY AT THE SAME TIME AND THEN THE IRAQI CITIZEN WILL HAVE TO MAKE SURE THEY HAVE THE SMALL DENOMS FROM THEIR EXCHANGE SO THEY CAN BUY THINGS. THE REGULATIONS WILL BE RELEASED WHEN THEY CHANGE THE RATES FOR ALL COUNTRIES -- AS WE HAVE INVESTED IN THE CURRENCY BUT THERE ARE ALSO CONTRACTS THAT ARE FROM MANY COUNTRIES SO THEY HAVE TO HAVE A RATE TOO --- THEY WILL RELEASE ALL THE TIME TABLES FOR THE INDIVIDUAL AND THE MONEY EXCHANGE BUSINESSES AND ALSO THE GOVERNMENTS WHEN THEY CHANGE THE RATE AND ENTER THE GLOBAL FOREX MARKET. [Have they printed the 5's 10's and other lower denoms yet?] YES THEY HAVE STATED THEY HAVE.
10-7-2014 Intel Guru Mnt Goat Iraq TV...new currency released today, 10's, 50's, 100's and 1,000's. Economic reform to be completed by 9 Oct.
10-7-2014 Intel Guru Mnt GoatIntel Guru Mnt GoatSorry no RV happening today. I want to emphasize however that events in Iraq could happen suddenly and there is often a lag in sending the news west so things could be changing as I write this news letter. We continue to wait once again for the controversial ministers to be seated. You know how amazing this one event is connected to so many other issues and events (i.e. security, budget and reforms implementation). They are all interconnected and like the spiders web. They are all driving each other (interdependent on each other). The RV is a byproduct of progress not a driving factor. Then when can we expect the RV? All I will say is what I have been saying all along in that we wait for a formal (global) announcement to the public that the Iraq government is now FULLY formed and seated. [post 3 of 3]
10-7-2014 Intel Guru Mnt Goat Iraq’s Economy...Iraq’s economy is on the verge of collapsing. This is due mainly now to the funds having to pour into the effort to fight ISIS. We can see article after article on this topic. Once again we can turn to the prior Maliki administration and point fingers to the legacy he has left behind and the long road to cleaning it up. It is also due to the huge ring of corruption in his administration. There are billions of missing funds. The good news is the Kurds are boosting crude output threefold by the end of next year and are now resuming talks with Abadi’s new central government, signaling that a battlefield partnership against insurgents is helping mend ties with Baghdad...and it seems that full HCL implementation is not far either since oil revenues is going to be the savior for Iraq in the long run and it is forcing the issue. Also this past week Abadi has come out in public and clearly stated he strongly favors full implementation of HCL and Article 140 along all constitutional mandates. It will not be long. The Ongoing Budget Saga...I am now told that parliament will hold discussions on the budget this Thursday 10/9. [post 2 of 3....stay tuned]
10-7-2014 Intel Guru Mnt Goat Update on the Remaining Minister Positions...As you know there are still two of the critical positions in Abadi’s cabinet to be permanently seated. They are minister of Defense and Interior. Currently they are being held as proxy positions by the candidates originally send to Parliament many weeks ago for confirmation. They were rejected then. I am now hearing the front runner candidates are - for the Interior is Hadi al Amri and defense Khaldi Al-Obeidi. It is all about to be settled. So what are the other delays in getting these ministers in place then? The delay, as I am told, is that they also need to clean up much of the corruption that has been involved in these ministries. Then they need to put laws in place for future prevention of this long standing corruption that has been going on. [post 1 of 3....stay tuned]
10-7-2014 Newshound Guru Chattels ...in this investment, i find it very difficult to believe, digest, and agree, that it is speculative.. i have always argued that term... IRAQ MUST HAVE A RECOGNIZABLE CURRENCY OF THEIR OWN, and de-dollarize, in order to play ball with the rest of the world, the way they have always done... and as our good friend [Guru] HUB has stated over and over, Iraq has had their own currency for many many years, why wouldnt they have one now?
10-7-2014 Intel/Newshound Guru Poppy3 in oct 2010 the IMF POSTED FOR 3 DAYS ON THEIR SITE THAT THEY HAD APPROVED $3.22 AND UP TO 20% MORE FOR INFLATION DURING THE WAR PERIOD THAT ALLOWS .64 MORE SO THAT WOULD BE $3.86 BUT KEEP IN MIND THEY HAVE DISCOVERED THEY HAVE 26% MORE OIL THAN THEY HAD IN 2010 SO COULD BE SOME HIGHER. THEY ALSO STATED THEY WOULD HAVE THE HIGHEST VALUED CURRENCY IN THE MIDDLE EAST MEANING THE WORLD BECAUSE KUWAIT NOW HAS THE HIGHEST IN THE WORLD AT $3.58 LAST WEEK. NOW THIS COMES FROM OFFICIAL CBI PEOPLE NOT SOMEONE WITH NO AUTHORITY STATING IT. THE CBI HAS ALWAYS SAID THAT WE WILL HAVE 24 TO 36 MONTHS TO CASH IN NO ONE OF AUTHORITY HAS EVER SAID DIFFERENT PERIOD.
10-7-2014 Newshound Guru Millionday THEY WOULD BE LOSING MONEY AND WOULD NOT RELEASE THEM AS AN OFFICIAL CURRENCY AT THIS TIME IF IT WAS A LONG TIME BEFORE THEY WOULD BE USED... IT IS NOT MAKING OUR NOTES OR IRAQ`S NOTES OF 25,000 DINAR ANY LESS OFFICIAL --- DUE TO INTERNATIONAL LAW -- CURRENCY CAN NOT BE SIGNED AND USED AS OFFICIAL CURRENCY AND NOT BE REPRESENTED AS AN OFFICIAL NOTE OF DEBT OR DEBTORS NOTE BY THE COUNTRY THAT RELEASED IT. OUR NOTES REMAIN OFFICIAL AND WHEN THE RATE IS CHANGED WE WILL HAVE A GIVEN AMOUNT OF TIME TO EXCHANGE THEM FOR OUR CURRENCY OR ANY OTHER COUNTRY CURRENCY. THE NOTES ARE OFFICIAL SO LETS SEE WHAT COMES NOW. [post 2 of 2]
10-7-2014 Newshound Guru Millionday THIS CAME OUT...AS OFFICIAL GLOBAL NEWS "250 dinars...Like CBI B47, but new date, new signature (Abdul Basit Turki Saeed...ALSO 500 dinars...Like CBI B48, but new date, new signature (Abdul Basit Turki Saeed)..." "1,000 dinars...Like CBI B49, but new date, smaller signature, and three intaglio circles at upper left front for the sight impaired. This is the first confirmed denomination in a revised family reported back in April 2014." THESE ARE OFFICIAL GLOBAL CURRENCY -- 250 , 500, AND THE 1000 DINAR NOTE. THEY WERE ANNOUNCED TO BE PRINTED AND NOW THEY ARE LISTED GLOBALLY AS THE OFFICIAL NOTES OF IRAQ -- THE OFFICIAL DENOMINATIONS---- AND THIS IS AS OF...OCTOBER 6TH. LET ME SAY THIS, THE NOTES ARE NOT USEFUL AT 1166...PERIOD. THE EXPENSE FOR A COUNTRY TO PRINT CURRENCY IS NOT A SMALL ONE --- AND THEY WILL NOT BRING THEM OUT FOR A RATE THAT WILL ONLY MAKE THEM USEFUL IF THEY NEED A % OF A WHOLE DENOM. [post 1 of 2....stay tuned] 10-6-2014 Newshound Guru Adam Montana Article quotes: "A Source In The Office Abadi: The Next Government Will Be Presented To Parliament In The Coming Hours" "Parliament Confirms Near Approve The General Budget" What does this mean? We could literally be looking at the completed Budget this TODAY OR TOMORROW! Once that's done, we're a small step away from the HCL resolution, and once that's done we're looking for an increase in the Iraqi Dinar. THIS IS GETTING GOOD!
10-6-2014 Newshound Guru Chattels i am unaware of any limitation on the number of readings per day or any legal waiting period between the two, however i have opined based upon some ink without a link in the past that there is a three/four day waiting period between the second reading and the vote. the last Parliament got one reading in and there was some question as to whether we started over with the new Parliament, it appears or rather i surmise from what i am reading that there will be two readings. [post 2 of 2]
10-6-2014 Newshound Guru Chattels let me be clear about the 2014 budget "process"...the proposed budget is "in committee", a committee with temporary chairmanship. the committee is considering various and sundry amendments, presumably, and it is to be presented for discussion to the COM. there after it, at some point, will go to the Parliament for reading(s), amendments perhaps, etc. there must be two readings and then a vote. please do not expect that a budget will be passed on the 14th, the day that Parliament reconvenes. this is my well considered opinion, i may be wrong, but i doubt it. [post 1 of 2....stay tuned]
10-6-2014 Intel/Newshound Guru tman23 This is powerful...Salim said in a press statement, "the House of representatives seeking to pass laws and the oil and gas and general budget", stressing "the need to establish the point as quickly as possible through accelerated agenda." "The Council is determined to activate the work of the open window and complete the adoption of important laws of society".
10-6-2014 Intel Guru TNT Tony [via Adept1] Iraq is still saying the same thing on their television. The PM spoke for 1.5 hours on their reform and how they are growing. They were excited last week with their cards being loaded. Everyone’s card is still not loaded, which should have happened pretty quickly...the rate is still $3.58 – the rate on the cards and at the banks over there. We did hear on some other sites someone is seeing a 1:1 conversion. Those rates are not international. We know the rates are $3.58, and our rate was to be higher than that, but last week it was lowered in our banks to $3.58. It was scheduled for a specific time on Saturday, and it didn’t happen. On this side, all of the intel is that everybody is ready. Our government, banks, etc., are all ready, saying, “let’s go!” Call center people did work all weekend and they are in now... It could happen any moment of any moment, any hour, any day from here on.
10-6-2014 Newshound/Intel Guru BGG While not an easy thing to confirm - for or against - the earlier report that Ismail and Jubouri were headed to Switzerland is at least interesting. It would be a difficult thing to disprove (for fact)...even if one had the access. The upside is - this is at least the "right kind" of information we would want to hear. While some are convinced Dr Shabibi is in no way involved - it is not impossible to believe he is monitoring things from where he is. I have had personal contacts who advised he would never return as long as Maliki were there (in any way) but his name WAS MENTIONED (at least in that context). This implies to me, he is still a person talked about over there.
10-6-2014 Intel/Newshound Guru Poppy3 [Currency Rates Iraqi market for securities Iraqi dinar exchange rate for the day: USD: 0.9 Euro: 0.7 Pounds: 0.5 LBP: 1302.6 KD: 0.2 SR: 3.2 AED: 3.2 JD: 0.6] DOESNT MEAN ANYTHING TILL CONFIRMED AS A REAL RATE ON WORLD MARKETS. .9 ISN'T HIGH ENOUGH ANYWAY. LOOK FOR 2.6 UP THEN GET EXCITED.
10-6-2014 Newshound Guru Millionday SO WE HAVE THURSDAY THE 9TH OF OCTOBER -- BUDGET --OIL --SALARIES--AND THIS WEEK THE NOMINATION BY ABADI FOR VOTE IN PARLIAMENT FOR SECURITY MINISTERS -- THE NATIONAL GUARD LAW IS PRINTED IN THE GAZETTE AND THEY WILL BE USED FOR THE BORDER SECURITY IF NEEDED --- THE MINISTERS ARE SWORN IN ALL TOGETHER AFTER THE LAST TWO ARE VOTED IN AS A GROUP -- WE WOULD HOPE THIS IS PART OF THURSDAY -- WE HAVE MEETING WITH CBI AND ALL BANKERS WITH FINANCIAL OFFICIALS OF THE COUNTRY WITHIN THIS TIMEFRAME AS WELL -- I READ IN TWO REPORTS IT IS TUESDAY BUT WE HAVE TO WAIT UNTIL WE SEE IT --- AND WE HAVE A NEW RATE REPORTED ON ONE OF IRAQ`S NEWSPAPERS -- [post 2 of 2]
10-6-2014 Newshound Guru Millionday Article quote: "The House of Representatives failed to vote on the candidates submitted by Abadi to the ministries of interior and defense..." SO AS WE SEE -- THE LAST TWO POSITIONS ARE NOT FILLED YET. ABADI HAS STATED THAT HE WILL MAKE SURE THEY ARE IN THIS WEEK. THEY WOULD BE OFFICIAL WHEN THEY ARE SWORN IN WHICH WOULD FOLLOW THE VOTE OF PARLIAMENT AND WILL BE TELEVISED. THERE ARE MANY MANY THINGS DONE THAT HAD TO BE COMPLETED FOR THE COUNTRY TO ACTIVATE THEIR ECONOMIC REFORMS. [post 1o f 2....stay tuned]
10-6-2014 Newshound Guru Chattels FROM A FRIEND: THEY'VE DONE THIS BEFORE...but! this is on the front page of almada paper.. however, they did this about a year and a half ago too... for about three weeks straight! Iraqi dinar exchange rate for the day: USD: 0.9 Euro: 0.7 Pounds: 0.5LBP: 1302.6KD: 0.2SR: 3.2AED: 3.2JD: 0.6 . supposedly equates to $1.11. checking the CBI and as expected, nothing. Remember the CBI is on holiday for at least four (4) days.
10-6-2014 Intel/Newshound Guru Poppy3 THE BANKS BEING DOWN IS WHAT HAS BEEN SAID SEVERAL TIMES THAT THEY NEEDED 3 DAYS BEING DOWN TO IMPLEMENT THE RV. I HAVE NEVER SUBSCRIBED TO THOSE THOUGHTS BECAUSE CHANGES ARE MADE ALL THE TIME WITHOUT THE BANKS CLOSING.
10-6-2014 Newshound Guru Chattels all ministers must be approved by the Parliament under the Iraqi constitution. there is no provision for ministers by proxy in the constitution.
10-6-2014 Newshound Guru Millionday News Source Quote: "Currency Rates Iraqi market for securities Iraqi dinar exchange rate for the day USD: 0.9 Euro: 0.7 Pounds: 0.5LBP: 1302.6KD: 0.2SR: 3.2AED: 3.2JD: 0.6". ISNT THAT INTERESTING? IT IS THE LISTED EXCHANGE RATES ON A NEWS SOURCE I HAVE GOTTEN SENT TO ME. IT SAYS THAT THE EXCHANGE RATE FOR THE DINAR IS 0.9 FOR THE USD. IT DOESNT SAY 1166. IT IS A SITE OF NEWSPAPER FROM IRAQ AND ALL OTHERS HAVE NOT BEEN UPDATED SINCE OCTOBER 2ND -- CBI HASNT UPDATED SINCE THE 2ND OF OCTOBER...SO WE HAVE NO WAY TO VERIFY.
10-9-2014 Intel Guru Blaino WE STILL HEAR THE SUPPORTING EVENTS THAT WILL USHER IN THE GCR, RE-VAL, ETC., COULD DEVELOP WITHIN THE COMING WEEK! SOME OF OUR INTEL PURPORTS A SOONER RATHER THAN LATER STANCE.
10-9-2014 Intel/Newshound Guru tman23 "The head of the parliamentary Finance Commission provisional Magda El-Tamimi, said earlier that "the House of general budget bill will be submitted for the first reading, the arrival of the Government"... FIRST READING of the 2014 Budget on the 14th..."Karbouli said in a statement obtained by (treasures media) that "the voting process on the Security Ministers for the post of the Ministry of Interior and defense will be in session 14 of this month but the vote could be 16 or 18 of the month after the return of the House of Salim Al-jubouri of travel."...( So the question is...Will any voting take place with Jabouri the President of Parliment being out of the country ?)
10-9-2014 Intel Guru EXOGEN [Is Santa's appearance still IMMINENT?] INEVITABLE.
10-9-2014 Intel Guru Frank26 Kurds introduced their ministers last night. Everyday that passes More important laws are also passed and mutual agreements are being established in Baghdad. The KURDS right now are ecstatic...Their eyes have seen the Power coming to them via an old...2014 budget. They do not discuss how to agree on passing an already active and functioning 2014 Budget. They discuss how to present the Budget and full GOI to YOU...The International Community.
10-9-2014 Newshound Guru Adam Montana [ I remember there was a lot of talk about Maliki increasing the exchange rate in order to win the election. That clearly didn't happen, so does the PM have an[y] power to do so?] Nope. The PM has influence, but the only entity that can adjust the exchange rate is the CBI. With the new PM (Abadi) in place, there's some pretty serious speculation that things are finally going to get moving in the right direction. The entire country is a little distracted with the recent power shift and of course ISIS to a small extent, but things are moving in the right direction and at a good pace (FINALLY).
10-9-2014 Newshound Guru Millionday THEY ARE CUTTING CORNERS TO AVOID AS MUCH DEFICIT AS POSSIBLE FOR THE BUDGET. THEY ARE CUTTING THEM TO MINIMIZE THE DEFICIT TO HAVE A POSITIVE EFFECT ON THE ECONOMIC IMPACT. SO AS WE KNOW THEY ARE VOTING ON THE BUDGET SATURDAY...THEY HAVE REPORTED THAT THE VOTE WILL GO ON TO RUSH IT.
10-9-2014 Intel/Newshound Guru Poppy3 i...was told they will vote today/thursday. THEY WILL VOTE ON BUDGET...AND THEY R GOING TO PASS THE MINISTERS ALSO IF THEY CAN GET JUST ONE MORE GROUP TO AGREE AND THEY THINK THEY CAN. [THANKS FOR THE HOPE.] NOT HOPE...FACTS THIS TIME.
10-9-2014 Newshound Guru Millionday IN A PRESS STATEMENT JUBOURI MADE A GREAT STATEMENT BY PRAISING THE INPUT BY THE KURDISTAN TROOPS IN DEFENDING THE COUNTRY...THAT THE ISSUES OF THE CITIZENS AND THE NEEDS OF ALL WILL BE ADDRESSED IN THE NEAR FUTURE -- THIS IS GREAT AND HELPS BRING THE COUNTRY TOGETHER. THEY ARE HAPPY WITH SHOWING THE NEW RELATIONSHIP WITH THE KURDS AND FEDERAL GOV AND HOW THEY ARE ABLE AND WILLING TO WORK TOGETHER AS A UNIFIED GOV. Quote: "initial indications at Arbil positive ensures join the Kurdish minister in the government formation, and requires chanting oath in the House of Representatives before their participation in the cabinet meeting next Tuesday." THE KURDS ARE GOING TO IRAQ FEDERAL MINISTER SWEARING IN ON SATURDAY –WHOOOPOW -- WE MAY HAVE A GOVERNMENT ON THE 14TH OF OCTOBER. 10-8-2014 Intel Guru TNT Tony [via Adept1] So on Monday they released the rest of the ‘new currency’, and it’s in the hands of the people, not just the banks. Everyone is anticipating the big announcement at 10am [tomorrow] their time. This whole process from the 1st to today is what they wanted to do as a “slow rollout”... it’s been a nine-day process. They chose to do it over the holiday period…By doing what they did over the holiday, they also let the world know for sure that Iraq IS actually doing this every day and seeing the results. They cannot wait another six months because all hell would break loose. Celebrations are scheduled again, and their people in the street are anticipating this at 10 o’clock tomorrow. If it doesn’t happen, there will be hell to pay in Iraq! Even though I told you the 10 o’clock announcement for the public deal...It could be delayed, but there is a backup time.
10-8-2014 Intel Guru DC [via Adept1] There are wonderful things happening in Iraq. On their television, they are describing the lower denomination notes, and their new coins. Those are being distributed in the markets as well as the banks and exchange centers...the actual dinar notes are now live. This means that the dinar has really been revalued, because otherwise a 1 dinar note or coin would be worthless. On television they will also be giving a major speech about economic reform, and the fact that it is concluding – tomorrow morning. On television they continue to announce that this will be done on Wednesday, then on Thursday (tonight, tomorrow morning). It’s on the news, in public. The coins are out, the Qi cards and bank accounts are set up, so there’s not much left to do or that can cause issues at this point. That’s a wonderful thing for us. I feel very good about this... the current pressure we’re seeing says so much more about this going through this time.
10-8-2014 Newshound/Intel Guru BGG [When does CBI open back up?] I kind of doubt we see any activity at the CBI until Sat (at least)... and even then they don't normally post until Sun/Mon? Thurs is the earliest it could happen...but then Friday is a normal day off - the Sat...etc, etc, etc.
10-8-2014 Newshound Guru OOTW I just wanted to say that as a researcher, I've been visiting Almada's site daily, that .90 has been showing for years [reference Guru Chattels post 10-6-2014] ...I do not mean to be a killjoy. THESE ARE THE RATES TODAY FROM THE MINISTRY OF FINANCE SITE Exchange Rates: EGP 162.2517 SAR 309.1457 BHD 3,077.1883 USD 1,160.1000 EUR 1,452.285. THAT'S A CHANGE IN OUR FAVOR OF FOUR DINARS. i'm awaiting the return of parliament to see some good ER [Economic Reform] laws coming our way.
10-8-2014 Newshound Guru Millionday THEY HAVE PRINTED THE 1, 5, 10, 25, AND 100 DINAR NOTE AND ALSO SOME MORE OF THE 50`S. THEY WILL BE RELEASED WHEN THE VALUE IS CHANGED AND THEY ARE USEFUL - THEY ARE PART OF THE MONETARY POLICY BEING ACTIVATED WITH THE ECONOMIC REFORM AND BANKING REFORMS AS WELL - ALL AT THE SAME TIME. THIS IS SUPPORTIVE OF THE AGREEMENTS THAT WERE MADE BY THE STRATEGIC FRAMEWORK AGREEMENT -- (TRADE).
10-8-2014 Newshound Guru tlm724 Article: "Kurdistan: the province will provide the numbers Baghdad's oil exports and then disbursed salaries stalled" well there we have it , the Kurds will provide all the numbers needed to calculate the exports clearing the way for the budget and their participation in the new GOI ! *hallelujah*
10-8-2014 Newshound Guru Stryker RESEARCH: Eid al-Adha started on Sunday October 4th and ends tonight in Iraq...articles continue referring to things not getting completed until after the feast of Eid al-Adha...So look for things to start picking up tomorrow...Another interesting fact; the Speaker of the House Jabouri announced that October 14th would be the start of the next phase in Iraq and the start of Parliaments sessions. This is why so many things are stating that the Kurds will take their oath into the new Abadi Government next Tuesday and the budget will then get passed.
10-8-2014 Intel/Newshound Guru tman23 Riddle me this...High unemployment, Projects stopped and bankrupt, a national guard being added to the payroll of the GOI, and brent crude prices are falling below $90 a barrel...And when the 2014 budget is passed.. "If the adoption of the financial budget in 2014 after the Eid holiday, there will be a change in salary retroactively from 1 January 2014. It will increase the salary 114% and include retired persons"...This being said not to mention the budget had a 5% oil sharing for the citizens and 5% oil revenue goes to Kuwait... So figure out the Riddle of HOW are they coming up with $$$$$.
10-8-2014 Intel/Newshound Guru Poppy3 OUR MONEY POSSIBILITIES ARE LOOKING VERY GOOD FOR LATER THIS MONTH. THE 15TH IS LOOKING ESPECIALLY GOOD IF THINGS PROGRESS AS PREDICTED TO HAPPEN.
10-8-2014 Intel Guru TerryK IM HEARING THIS MAYBE OUR WEEK. IRAQ CANT GO ON LIKE THIS. I HEARD TODAY THEY ARE OUT OUT OUT OF FAVORS FROM OTHER COUNTIES. THEY DEFAULTED ON A FEW LOANS YESTERDAY AND PUT SOME PEEPS IN BAD SITUATIONS AND NOW THEY ARE BEING PUT ON THE HOT ROCK AND BEING TOLD DO IT OR NO SUPPORT. I DID GET THIS TODAY...THAT IT MAY SHAKE OUT AT LIKE 1 TO 1. ITS A SHAKE OUT RATE TO BRING IN TRILLIONS. THEN WITHIN 24 HOURS IT IS TO GO TO 3.76, THEN 24 HOURS AFTER THAT UP AROUND 8.16. KEEP IN MIND THAT THE IRAQ DINAR IS GOING TO BE THE STRONGEST CURRENCY IN THE WORLD.
10-8-2014 Newshound/Intel Guru BGG Iraq needs help in a lot of ways. Currency reform is one of them. This country's growth has been stunted by a dictator. This era is over.
10-8-2014 Newshound Guru Millionday THE BUDGET WAS HELD UP DUE TO THE LACK OF MONEY THAT SHOULD BE THERE OR PAID BY THE OIL THAT WAS PRODUCED. MALIKI CAN NOT ACCOUNT FOR THE FUNDS OWED TO THE CITIZENS OR PROVINCES OR THE KURD TROOPS ETC. THEY HAVE RECEIVED THE FINAL ACCOUNTS AND MONIES DUE AND FUNDS THAT SHOULD BE ACCOUNTED FOR -- SO THE BUDGET CALCULATIONS SHOULD HAVE BEEN RECEIVED SATURDAY -- THE DAY THAT THE HOLIDAY BEGAN OR THEY WOULD HAVE HAD IT DONE. THEY NEEDED THE PAPERWORK SO THEY CAN BUDGET FUNDING ACCORDING TO WHAT THEY DO HAVE. SO NOW THEY HAVE ALL THEY NEED TO MOVE FORWARD AND EXPECT TO HAVE IT VOTED THROUGH. [do we have a time frame yet on when the budget will be voted on?] YES THEY ARE STATING BY SATURDAY AND HAVE STATED THEY WILL BE MEETING ON IT THROUGH THE WEEK AS WELL. [post 2 of 2]
10-8-2014 Newshound Guru Millionday ABADI IS SIFTING THROUGH ALL MILITARY PLACED BY MALIKI AND REMOVING AND ALSO REMOVING SALARIES THAT ARE NOT OFFICIAL OR BY LAW. HE IS REMOVING...ANYONE THAT WAS PLACED IN A POSITION THAT CAN RISK THE COUNTRY SECURITY...THIS IS GOING BACK THE WHOLE 8 YEARS. SO THE DELAY OF THE BUDGET HAS POSTPONED THE SALARIES OF MILITARY AND THE PEOPLE AS A WHOLE AND MUST BE APPROVED FOR THIS REASON -- ALL AGREEMENTS MUST BE MET. [post 1 of 2....stay tuned] 10-7-2014 Newshound Guru wmawhite the investors will not come until there is an internationally accepted currency. Plus, the economy will not grow until the currency becomes valuable...1116 is not valuable.
10-7-2014 Intel Guru Mnt Goat About The Global Currency Reset (GCR)...I want to tell you there is not, and I whole heartedly know this for a fact, that there is not going to be 200+ never mind even 10 currencies all revaluing at the same time in the near future. The term GCR is not even recognized by the IMF. There is no GCR planned. Yes – there is a global reset that is ongoing and it has been for four years now. The IMF has already revalued or devalued over 150+ currencies since then. I am not saying that many currencies will not simultaneously revalue when the IQD does. But it is fact that 200+ currencies will not revalue together.
10-7-2014 Intel Guru TNT Tony 2 more confirmations new currency is out. CBI scheduled to make some kind of announcement Thursday.
10-7-2014 Intel/Newshound Guru tman23 So Iraq has 2 million displaced people, a GOI with no capital reserves left (reportedly), and oil prices declining as global manufacturing has slowed...AND PEOPLE ARE GETTING A RAISE RETROACTIVE TO JAN 2014...WHICH WOULD BE OVER $3,200 usd PER LOWEST PAID PERSON IN ONE LUMP SUM...(4 MILLION DINAR)...THAT IS A LOT OF 10K NOTES TO FLOOD IRAQ WITH.....ESPECIALLY IF YOU HAVE BEEN DRAWING DOWN THE 3 ZEROS...MAKES NO SENSE...Iraq NEEDS purchasing power and since EVERYTHING is imported they will grow very very slow and go broke importing goods with the current status quo in place...
10-7-2014 Newshound Guru Millionday AFTER THE VALUE CHANGES WILL BE WHEN THEY WILL BE USING THE SMALL DENOMS AND THAT WILL ALSO BE WHEN THE INTERNATIONAL RATES CHANGE -- ALL THROUGH DATA ENTRY AT THE SAME TIME AND THEN THE IRAQI CITIZEN WILL HAVE TO MAKE SURE THEY HAVE THE SMALL DENOMS FROM THEIR EXCHANGE SO THEY CAN BUY THINGS. THE REGULATIONS WILL BE RELEASED WHEN THEY CHANGE THE RATES FOR ALL COUNTRIES -- AS WE HAVE INVESTED IN THE CURRENCY BUT THERE ARE ALSO CONTRACTS THAT ARE FROM MANY COUNTRIES SO THEY HAVE TO HAVE A RATE TOO --- THEY WILL RELEASE ALL THE TIME TABLES FOR THE INDIVIDUAL AND THE MONEY EXCHANGE BUSINESSES AND ALSO THE GOVERNMENTS WHEN THEY CHANGE THE RATE AND ENTER THE GLOBAL FOREX MARKET. [Have they printed the 5's 10's and other lower denoms yet?] YES THEY HAVE STATED THEY HAVE.
10-7-2014 Intel Guru Mnt Goat Iraq TV...new currency released today, 10's, 50's, 100's and 1,000's. Economic reform to be completed by 9 Oct.
10-7-2014 Intel Guru Mnt GoatIntel Guru Mnt GoatSorry no RV happening today. I want to emphasize however that events in Iraq could happen suddenly and there is often a lag in sending the news west so things could be changing as I write this news letter. We continue to wait once again for the controversial ministers to be seated. You know how amazing this one event is connected to so many other issues and events (i.e. security, budget and reforms implementation). They are all interconnected and like the spiders web. They are all driving each other (interdependent on each other). The RV is a byproduct of progress not a driving factor. Then when can we expect the RV? All I will say is what I have been saying all along in that we wait for a formal (global) announcement to the public that the Iraq government is now FULLY formed and seated. [post 3 of 3]
10-7-2014 Intel Guru Mnt Goat Iraq’s Economy...Iraq’s economy is on the verge of collapsing. This is due mainly now to the funds having to pour into the effort to fight ISIS. We can see article after article on this topic. Once again we can turn to the prior Maliki administration and point fingers to the legacy he has left behind and the long road to cleaning it up. It is also due to the huge ring of corruption in his administration. There are billions of missing funds. The good news is the Kurds are boosting crude output threefold by the end of next year and are now resuming talks with Abadi’s new central government, signaling that a battlefield partnership against insurgents is helping mend ties with Baghdad...and it seems that full HCL implementation is not far either since oil revenues is going to be the savior for Iraq in the long run and it is forcing the issue. Also this past week Abadi has come out in public and clearly stated he strongly favors full implementation of HCL and Article 140 along all constitutional mandates. It will not be long. The Ongoing Budget Saga...I am now told that parliament will hold discussions on the budget this Thursday 10/9. [post 2 of 3....stay tuned]
10-7-2014 Intel Guru Mnt Goat Update on the Remaining Minister Positions...As you know there are still two of the critical positions in Abadi’s cabinet to be permanently seated. They are minister of Defense and Interior. Currently they are being held as proxy positions by the candidates originally send to Parliament many weeks ago for confirmation. They were rejected then. I am now hearing the front runner candidates are - for the Interior is Hadi al Amri and defense Khaldi Al-Obeidi. It is all about to be settled. So what are the other delays in getting these ministers in place then? The delay, as I am told, is that they also need to clean up much of the corruption that has been involved in these ministries. Then they need to put laws in place for future prevention of this long standing corruption that has been going on. [post 1 of 3....stay tuned]
10-7-2014 Newshound Guru Chattels ...in this investment, i find it very difficult to believe, digest, and agree, that it is speculative.. i have always argued that term... IRAQ MUST HAVE A RECOGNIZABLE CURRENCY OF THEIR OWN, and de-dollarize, in order to play ball with the rest of the world, the way they have always done... and as our good friend [Guru] HUB has stated over and over, Iraq has had their own currency for many many years, why wouldnt they have one now?
10-7-2014 Intel/Newshound Guru Poppy3 in oct 2010 the IMF POSTED FOR 3 DAYS ON THEIR SITE THAT THEY HAD APPROVED $3.22 AND UP TO 20% MORE FOR INFLATION DURING THE WAR PERIOD THAT ALLOWS .64 MORE SO THAT WOULD BE $3.86 BUT KEEP IN MIND THEY HAVE DISCOVERED THEY HAVE 26% MORE OIL THAN THEY HAD IN 2010 SO COULD BE SOME HIGHER. THEY ALSO STATED THEY WOULD HAVE THE HIGHEST VALUED CURRENCY IN THE MIDDLE EAST MEANING THE WORLD BECAUSE KUWAIT NOW HAS THE HIGHEST IN THE WORLD AT $3.58 LAST WEEK. NOW THIS COMES FROM OFFICIAL CBI PEOPLE NOT SOMEONE WITH NO AUTHORITY STATING IT. THE CBI HAS ALWAYS SAID THAT WE WILL HAVE 24 TO 36 MONTHS TO CASH IN NO ONE OF AUTHORITY HAS EVER SAID DIFFERENT PERIOD.
10-7-2014 Newshound Guru Millionday THEY WOULD BE LOSING MONEY AND WOULD NOT RELEASE THEM AS AN OFFICIAL CURRENCY AT THIS TIME IF IT WAS A LONG TIME BEFORE THEY WOULD BE USED... IT IS NOT MAKING OUR NOTES OR IRAQ`S NOTES OF 25,000 DINAR ANY LESS OFFICIAL --- DUE TO INTERNATIONAL LAW -- CURRENCY CAN NOT BE SIGNED AND USED AS OFFICIAL CURRENCY AND NOT BE REPRESENTED AS AN OFFICIAL NOTE OF DEBT OR DEBTORS NOTE BY THE COUNTRY THAT RELEASED IT. OUR NOTES REMAIN OFFICIAL AND WHEN THE RATE IS CHANGED WE WILL HAVE A GIVEN AMOUNT OF TIME TO EXCHANGE THEM FOR OUR CURRENCY OR ANY OTHER COUNTRY CURRENCY. THE NOTES ARE OFFICIAL SO LETS SEE WHAT COMES NOW. [post 2 of 2]
10-7-2014 Newshound Guru Millionday THIS CAME OUT...AS OFFICIAL GLOBAL NEWS "250 dinars...Like CBI B47, but new date, new signature (Abdul Basit Turki Saeed...ALSO 500 dinars...Like CBI B48, but new date, new signature (Abdul Basit Turki Saeed)..." "1,000 dinars...Like CBI B49, but new date, smaller signature, and three intaglio circles at upper left front for the sight impaired. This is the first confirmed denomination in a revised family reported back in April 2014." THESE ARE OFFICIAL GLOBAL CURRENCY -- 250 , 500, AND THE 1000 DINAR NOTE. THEY WERE ANNOUNCED TO BE PRINTED AND NOW THEY ARE LISTED GLOBALLY AS THE OFFICIAL NOTES OF IRAQ -- THE OFFICIAL DENOMINATIONS---- AND THIS IS AS OF...OCTOBER 6TH. LET ME SAY THIS, THE NOTES ARE NOT USEFUL AT 1166...PERIOD. THE EXPENSE FOR A COUNTRY TO PRINT CURRENCY IS NOT A SMALL ONE --- AND THEY WILL NOT BRING THEM OUT FOR A RATE THAT WILL ONLY MAKE THEM USEFUL IF THEY NEED A % OF A WHOLE DENOM. [post 1 of 2....stay tuned] 10-6-2014 Newshound Guru Adam Montana Article quotes: "A Source In The Office Abadi: The Next Government Will Be Presented To Parliament In The Coming Hours" "Parliament Confirms Near Approve The General Budget" What does this mean? We could literally be looking at the completed Budget this TODAY OR TOMORROW! Once that's done, we're a small step away from the HCL resolution, and once that's done we're looking for an increase in the Iraqi Dinar. THIS IS GETTING GOOD!
10-6-2014 Newshound Guru Chattels i am unaware of any limitation on the number of readings per day or any legal waiting period between the two, however i have opined based upon some ink without a link in the past that there is a three/four day waiting period between the second reading and the vote. the last Parliament got one reading in and there was some question as to whether we started over with the new Parliament, it appears or rather i surmise from what i am reading that there will be two readings. [post 2 of 2]
10-6-2014 Newshound Guru Chattels let me be clear about the 2014 budget "process"...the proposed budget is "in committee", a committee with temporary chairmanship. the committee is considering various and sundry amendments, presumably, and it is to be presented for discussion to the COM. there after it, at some point, will go to the Parliament for reading(s), amendments perhaps, etc. there must be two readings and then a vote. please do not expect that a budget will be passed on the 14th, the day that Parliament reconvenes. this is my well considered opinion, i may be wrong, but i doubt it. [post 1 of 2....stay tuned]
10-6-2014 Intel/Newshound Guru tman23 This is powerful...Salim said in a press statement, "the House of representatives seeking to pass laws and the oil and gas and general budget", stressing "the need to establish the point as quickly as possible through accelerated agenda." "The Council is determined to activate the work of the open window and complete the adoption of important laws of society".
10-6-2014 Intel Guru TNT Tony [via Adept1] Iraq is still saying the same thing on their television. The PM spoke for 1.5 hours on their reform and how they are growing. They were excited last week with their cards being loaded. Everyone’s card is still not loaded, which should have happened pretty quickly...the rate is still $3.58 – the rate on the cards and at the banks over there. We did hear on some other sites someone is seeing a 1:1 conversion. Those rates are not international. We know the rates are $3.58, and our rate was to be higher than that, but last week it was lowered in our banks to $3.58. It was scheduled for a specific time on Saturday, and it didn’t happen. On this side, all of the intel is that everybody is ready. Our government, banks, etc., are all ready, saying, “let’s go!” Call center people did work all weekend and they are in now... It could happen any moment of any moment, any hour, any day from here on.
10-6-2014 Newshound/Intel Guru BGG While not an easy thing to confirm - for or against - the earlier report that Ismail and Jubouri were headed to Switzerland is at least interesting. It would be a difficult thing to disprove (for fact)...even if one had the access. The upside is - this is at least the "right kind" of information we would want to hear. While some are convinced Dr Shabibi is in no way involved - it is not impossible to believe he is monitoring things from where he is. I have had personal contacts who advised he would never return as long as Maliki were there (in any way) but his name WAS MENTIONED (at least in that context). This implies to me, he is still a person talked about over there.
10-6-2014 Intel/Newshound Guru Poppy3 [Currency Rates Iraqi market for securities Iraqi dinar exchange rate for the day: USD: 0.9 Euro: 0.7 Pounds: 0.5 LBP: 1302.6 KD: 0.2 SR: 3.2 AED: 3.2 JD: 0.6] DOESNT MEAN ANYTHING TILL CONFIRMED AS A REAL RATE ON WORLD MARKETS. .9 ISN'T HIGH ENOUGH ANYWAY. LOOK FOR 2.6 UP THEN GET EXCITED.
10-6-2014 Newshound Guru Millionday SO WE HAVE THURSDAY THE 9TH OF OCTOBER -- BUDGET --OIL --SALARIES--AND THIS WEEK THE NOMINATION BY ABADI FOR VOTE IN PARLIAMENT FOR SECURITY MINISTERS -- THE NATIONAL GUARD LAW IS PRINTED IN THE GAZETTE AND THEY WILL BE USED FOR THE BORDER SECURITY IF NEEDED --- THE MINISTERS ARE SWORN IN ALL TOGETHER AFTER THE LAST TWO ARE VOTED IN AS A GROUP -- WE WOULD HOPE THIS IS PART OF THURSDAY -- WE HAVE MEETING WITH CBI AND ALL BANKERS WITH FINANCIAL OFFICIALS OF THE COUNTRY WITHIN THIS TIMEFRAME AS WELL -- I READ IN TWO REPORTS IT IS TUESDAY BUT WE HAVE TO WAIT UNTIL WE SEE IT --- AND WE HAVE A NEW RATE REPORTED ON ONE OF IRAQ`S NEWSPAPERS -- [post 2 of 2]
10-6-2014 Newshound Guru Millionday Article quote: "The House of Representatives failed to vote on the candidates submitted by Abadi to the ministries of interior and defense..." SO AS WE SEE -- THE LAST TWO POSITIONS ARE NOT FILLED YET. ABADI HAS STATED THAT HE WILL MAKE SURE THEY ARE IN THIS WEEK. THEY WOULD BE OFFICIAL WHEN THEY ARE SWORN IN WHICH WOULD FOLLOW THE VOTE OF PARLIAMENT AND WILL BE TELEVISED. THERE ARE MANY MANY THINGS DONE THAT HAD TO BE COMPLETED FOR THE COUNTRY TO ACTIVATE THEIR ECONOMIC REFORMS. [post 1o f 2....stay tuned]
10-6-2014 Newshound Guru Chattels FROM A FRIEND: THEY'VE DONE THIS BEFORE...but! this is on the front page of almada paper.. however, they did this about a year and a half ago too... for about three weeks straight! Iraqi dinar exchange rate for the day: USD: 0.9 Euro: 0.7 Pounds: 0.5LBP: 1302.6KD: 0.2SR: 3.2AED: 3.2JD: 0.6 . supposedly equates to $1.11. checking the CBI and as expected, nothing. Remember the CBI is on holiday for at least four (4) days.
10-6-2014 Intel/Newshound Guru Poppy3 THE BANKS BEING DOWN IS WHAT HAS BEEN SAID SEVERAL TIMES THAT THEY NEEDED 3 DAYS BEING DOWN TO IMPLEMENT THE RV. I HAVE NEVER SUBSCRIBED TO THOSE THOUGHTS BECAUSE CHANGES ARE MADE ALL THE TIME WITHOUT THE BANKS CLOSING.
10-6-2014 Newshound Guru Chattels all ministers must be approved by the Parliament under the Iraqi constitution. there is no provision for ministers by proxy in the constitution.
10-6-2014 Newshound Guru Millionday News Source Quote: "Currency Rates Iraqi market for securities Iraqi dinar exchange rate for the day USD: 0.9 Euro: 0.7 Pounds: 0.5LBP: 1302.6KD: 0.2SR: 3.2AED: 3.2JD: 0.6". ISNT THAT INTERESTING? IT IS THE LISTED EXCHANGE RATES ON A NEWS SOURCE I HAVE GOTTEN SENT TO ME. IT SAYS THAT THE EXCHANGE RATE FOR THE DINAR IS 0.9 FOR THE USD. IT DOESNT SAY 1166. IT IS A SITE OF NEWSPAPER FROM IRAQ AND ALL OTHERS HAVE NOT BEEN UPDATED SINCE OCTOBER 2ND -- CBI HASNT UPDATED SINCE THE 2ND OF OCTOBER...SO WE HAVE NO WAY TO VERIFY.
10-5-2014 Newshound Guru Millionday [Has Ismail (acting CBI governor) ever given any indications that he will move forward once the GOI is ready...?] YES HE HAS - IN FACT THERE IS A MEETING CALLED TO TAKE PLACE AFTER THE FEAST -- WITH ALL THE HEADS OF BANKS IN THE NATION.
10-5-2014 Intel/Newshound Guru Poppy3 isis IS NOT INTERFERING with their progress...the minister will be seated in days not weeks if ABADI keeps pushing. HE is not allowing days off for any reason. THEY ARE BEING FORCED TO WORK THROUGH HOLY DAYS AND RELIGIOUS HOLIDAYS - NEVER BEFORE HAVE THEY DONE THIS SO -- They will get their job done because he is running out of time to finish his goi and they don't want to be there longer than they have too. ALSO RUMOR OUT OF WASHINGTON IS THAT USA SUPPORT HAS BEEN GREATLY CUT BACK IN IRAQ UNTIL THEY GET THEIR GOI COMPLETED AND AGREEMENT MET ON THEIR FINANCIAL REFORM...ANOTHER REASON THEY ARE PUSHING FORWARD FAST.
10-5-2014 Newshound Guru Chattels increasingly i am persuaded that perhaps years were lost to us with "Maliki II"...years lost in the sense of timing on our event. the good news is that " IT " could have been lost altogether, but it has not, IMO. so, we continue to fight the good fight, holding onto faith and good conscience, to finish the " race ". Every day is a race. We take it one day at a time. This event can happen in a heartbeat and without forewarning.
10-5-2014 Intel Guru Mnt Goat Nothing substantial came out concerning passing and implementing the budget last week other than they intend to begin the next sessions of parliament on 10/14 and the budget will be the first on the agenda. This has come imperative and in a critical state now since they just spend billions already on the payment programs to the citizens... We continue to wait once again for the controversial ministers to be seated. This now includes the Defense and Interior ministers – 2 of the key ministerial positions. I was told there was a very good possibility this could happen quickly after the holiday since the negotiations are ongoing and they have plenty of time to resolve differences. Sorry no RV happening in the near future...we wait for a formal (global) announcement to the public that the Iraq government is now FULLY formed and seated. [post 2 of 2]
10-5-2014 Intel Guru Mnt Goat I will say the $3.58 rate was merely paying the citizens of Iraq their long overdue government payments on programs such as rations, pensions, unemployment, retirement, etc,. It has absolutely nothing to do with the revaluation of their currency. ...according to my source the reforms they spoke about recently have nothing to do with the revaluation. Are there other economic reforms too that need to be implemented? Yes – and they will continue with the reforms as needed. ...this past week Abadi has...come out in public and clearly stated he strongly favors full implementation of HCL and Article 140 along all constitutional mandates. It will not be long. [post 1 of 2....stay tuned]
10-5-2014 Intel Guru EXOGEN [Alert! Santa is getting ready to show himself!] YEP!! FULL SUIT IMMINENT!!! [Can you put a timeline on Imminent? A. 24 hours B. 48 hours C. 2-4 weeks D. 1-5 years E. Unknown] FROM INFORMATION RECEIVED THIS MORNING, IT WOULD ELIMINATE C & D FROM YOUR LIST…WHICH NOW LEAVES YOU WITH A, B, & E.
10-5-2014 Newshound Guru Millionday Article quote: "Prime Minister Haider al-Abadi, Saturday, politicians to "unity", with the promise to "do everything in his power to be the next period is shining." THIS IS THE STATEMENT TO THE IRAQI PEOPLE TODAY BY ABADI -- STATING THAT THE NEXT PERIOD IS PROSPEROUS AND SHINING-- HE IS CALLING FOR UNITY IN THE GOVERNMENT. HE HAS STATED HERE THEY ARE MOVING FORWARD WITH THE REFORMS AS THEY HAVE ANNOUNCED IN THE GOVERNMENT TO PLACE IRAQ ON TRACK -- HE HAS ALSO STATED THAT THEY ARE GOING TO HAVE A QUANTUM LEAP!! WHOOOPOW!!
10-5-2014 Newshound Guru Kaperoni Article: "National Alliance: candidates for security ministries vacant and will be brought to a basket and one to a vote in Parliament" one basket or by themselves..it wont take long to seat two ministers once they agree. Get it done.
10-5-2014 Newshound Guru tman23 Jabouri and Ismail (acting CBI governor) along with 3 other representatives are scheduled to be in Geneva Switzerland...(Geneva just also happens to be the home of Shabibi)...Jabouri and Ismail is solid information and consider it confirmed!!
10-5-2014 Newshound Guru Kaperoni Article: "Deputy: file security ministries to resolve dramatically and will be a budget for the remaining months of the year after the feast" Quote: "there is a great tasks awaiting the House of Representatives when it resumes its sessions after the holiday Eid al-Adha, including the issues of security ministries and the budget." A lot of pressure is being put on parliament "just after the feast." Lets hope they accomplish what they say
10-5-2014 Intel Guru TNT Tony Iraq announces the conclusion of economic reform at the end of EID. Oct 8th. 10-4-2014 Intel/Newshound Guru Poppy3 it beginning to look a lot like we are going to have a great Christmas and a BIG TIME THANKSGIVING PERIOD.
10-4-2014 Newshound Guru Mailman17 I WOULD LOVE TO PUT TO REST THE ISSUE OF THE NEW 10,000 DINAR NOTE SUPPOSEDLY IN THE PUBLICS HANDS FOR A FEW MONTHS AS SOME REPORT. HOGWASH...IF THAT WERE THE CASE WE WOULD HAVE A PICTURE OF IT...AND THE CBI WOULD LIST IT ALONG WITH THE OTHERS ON THEIR WEBSITE. THIS, IMO...IS TO THROW OF [OFF?] SPECULATION THAT NOTHING IS IN MOTION FOR CURRENCY REFORM AND THE RV. AND THE FACT THAT IT IS REPORTED THAT THERE ARE A 25,000 AND A 50,000 NOTE ARE AGAIN IMO...BS...STAY WITH THE FACTS PLEASE. AND IF ITS IN PRINT...PRINT IT SO WE ALL CAN READ.
10-4-2014 Newshound/Intel Guru BGG [What is the current status of the rv process...?] Obviously - we have all been waiting longer than expected...however, my current take is - once this minor conflict between the CBI and GOI is resolved - we are in much better shape than ever before, JMHO.
10-4-2014 Intel/Newshound Guru Poppy3 ALSO ALL NEWS THAT HAS BEEN CONFIRMED SHOW THIS IS A MAIN FOCUS FOR THEM AND THE OTHER THING IS ACCORDING TO THEIR OWN STATEMENTS NONE OF THIS MAY BE MANDATORY TO GET DONE BEFORE THEY CAN RV SO GUYS IT CAN APPEAR AT ANYTIME. 50/50 THEY CAN GIVE NEW RATE ANYTIME IN SESSION OR NOT. BANKS BEING CLOSED FOR 4 DAY CAN BE A GOOD THING. WHO KNOWS AT THIS POINT I CAN SAY IF THE BANKS ARE CLOSED I WILL KNOW FOR FACT BY TONIGHT. [post 3 of 3]
10-4-2014 Intel/Newshound Guru Poppy3 I HAVE NO PROOF ANYONE HAS BEEN PAID. I AND NO ONE IS REPORTING THE BUDGET HAS BEEN OPENED, THEY HAVE NO REPORTED VOTING ON THE BASKET OF BANKING AND FINANCIAL LAWS, HOWEVER THEY HAVE AGREED ON MANY OF THESE ISSUES AND A VOTE IN INEVITABLE AND ALL THIS CAN HAPPEN WITHIN A MATTER OF MINUTES BUT THEY HAVE TO BE IN SESSION TO TAKE A VOTE. THE QUESTION IS ARE THEY IN SECRET SESSION AND WHEN THEY VOTE HOW FAST WILL THE CBI ACT? [post 2 of 3....stay tuned]
10-4-2014 Intel/Newshound Guru Poppy3 THE CBI IS CLOSED DURING THE HOLIDAY? I AM HEARING MIXED ANSWERS. SOME SAYING THEY WILL BE CLOSED AND OTHERS SAYING THEY WILL REMAIN OPEN. I HAVE HEARD THAT THE GOI AND PARLIAMENT COMMITTEE'S WILL CONTINUE TO MEET AND TRY AND SOLVE ISSUES SO THEY CAN VOTE WHEN THE NEXT ENTIRE PARLIAMENT IS IN SESSION. I ALSO HEARD NONE OF THEM ARE GOING TO BE ALLOWED TO TAKE OFF FOR THE HOLIDAY. WE HAVE TO WATCH AND SEE THEIR ACTIONS---THE CBI SITE SAYS THEY WILL BE CLOSED BUT THEY HAVE SAID CLOSED BEFORE AND STAYED OPEN. TIME WILL TELL THE FACTS AND WE WILL KNOW FOR SURE IN A FEW HOURS. [post 1 of 3....stay tuned]
10-4-2014 Intel Guru TD We do know that the NEW 10K note has been out almost now couple months and is being exchanged throughout Iraq. This note has new security features and will also be followed by ( also NEW security enhanced features) 5K, 25K and the all new 50K notes. A few weeks back the CBI released a (rehashed article) of this intention BUT just the fact that they already introduced into the marketplace the NEW 10K note is proof that they do mean what they stated THIS TIME . I'm told that the other notes are in production and expected also to be introduced into the marketplace during the last quarter of this year, perhaps in the new year to kick off 2015 as a year of change and promise. THE PTB's in Iraq all adjourned and went home couple days ago and there is nothing on the agenda for them till October 15th. [post 2 of 2]
10-4-2014 Intel Guru TD My Kurdish friend indicates...FIRST...He says that any change in monetary policy will be voiced through the CBI, the country's guardian and executioner of such actions and will be in the form of a worldwide article as well as update showing on their website. So far nothing like that has occurred. SECOND) He states that PARTIAL or INCOMPLETE actions showing privilege to some and not others would set off a worldwide & endless hornets nest of litigation that mankind has never seen in history. In other words, if and when the CBI acts on monetary policy it will be instantaneous worldwide. THIRD) He refutes the rumor that this has "already occurred" but hasn't rolled out. If there was a few people"in the know" then surely in one way or another the remaining notes would have been gobbled up in a hurry. In addition to my Kurdish friend I have a couple executive level contacts at Goldman Sachs who also reiterate the points discussed. [post 1 of 2....stay tuned]
10-4-2014 Newshound Guru tlm724 Article: "Citizen: Ameri-Obeidi and more fortunate to take over the interior and defense portfolios" "Khalid al-Obeidi, the luckiest in the parliament to take over the interior and defense portfolios." looks like Obeidi is the man of the hour "the delegation of the Kurdish leadership will visit Baghdad soon to discuss with the leadership on the nomination of ministers of the Kurds, who will perform the constitutional oath after the holiday," kurds are on board and participating, we will have all the issue's settled in short order.
10-4-2014 Newshound Guru Chattels The GOI has announced a holiday for all government "offices" from October 4 - 8. Query whether that includes next Thursday and the CBI, an independent agency?
10-4-2014 Newshound Guru Chattels Article quotes "Said Vice President Iyad Allawi said that "the resolution of the candidates and the interior and defense ministries will be after the holiday of Eid al-Adha directly." "Allawi added that "the subject of a ministerial interior and defense will be decided after the feast candidates directly, and there are still many discussions in this regard." He stressed the need for "a consensus on the names of the candidates," adding that "this agreement is only the shapes of the case."
10-4-2014 Newshound/Intel Guru Arthur The good side affect to these delays is that it has allowed the banking/CBI side to progress monetary reform preparation beyond what they would have otherwise accomplished which when combined with the new unified government has allowed parliamentary quorum conducive for passing all the necessary legislation that now has Iraq on the verge of a monumental moment in their history that will finally allow the PTB/AOP to give the green light to restore Iraq back into the international community with the monetary reform and restoration of the IQD in the very near future...as just tonight their TV news announced they would begin to finalize their monetary reform right after Eid al-Adha. [post 3 of 3]
10-4-2014 Newshound/Intel Guru Arthur Another delay is what I call the Maliki factor as in how long it took to get him out of office, all the enormous corruption they have uncovered, including undoing the damage from his inept maintenance of the security file (MOD/MOI) and from all the money he stole or otherwise misappropriated in conjunction with lower global oil prices than originally expected which has engendered a budget deficit that none of their economist nor the UN and U.S. financial experts were prepared for. This has therefore delayed completion of the GOI and caused complexities to the budget that has called for several recent amendments leading to the reason we are now projected after Eid al Adha as opposed to before then as PM Abadi originally promised. [post 1 of 3....stay tuned]
10-4-2014 Newshound/Intel Guru Arthur For the most part I have never believed in delays which I see as manufactured by people when they are wrong about the RV happening on a given date. I see things as just happening as they are supposed to according to the progress Iraq makes toward economic and political stability. But per an extensive talk with my Iraqi contact, I now believe there has been several recent delays to this overall process. The first unforeseen circumstance was grossly underestimating the deleterious impact of DAASH and the ineffectiveness of the Iraqi military as led by Maliki to deal with that situation as it unfolded over the end of the summer. Due to a combination of disdain and distrust for Maliki, and their unwillingness to put their lives on the line for what they saw as a corrupt dictatorial regime, DAASH was allowed to get disproportionately out of control and became a delaying factor as is evidenced by the unprecedented international military response to the ISIL threat to Iraq's sovereignty. [post 1 of 3....stay tuned] 10-3-2014 Newshound Guru Millionday FEAST IS TOMORROW AND IT IS NOT A GOV AND BANK HOLIDAY FORMALLY. SO THE PARLIAMENT WILL WORK AND WE HAVE THE CBI AND BANKING MEETING -- A CONFERENCE GOING ON AND SO MUCH HAPPENING WITH ARMS FOR IRAQ AND THE MEETING FOR BUDGET AND PAY FOR KURDS COMING. I WOULD NOT BE SURPRISED TO SEE HUGE PRESS RELEASES AFTER FEAST TOMORROW. [post 2 of 2]
10-3-2014 Newshound Guru Millionday LAST NIGHT THEY MET FOR AN EMERGENCY UNSCHEDULED MEETING (MINISTERS) TO SET UP THE AGREEMENT FOR KURDISTAN REGION PAY AGREEMENT -- TO COMPLETE BUDGET AND SEND TO PARLIAMENT...TO COMPLETE 2014. THERE ARE MANY MEETINGS THAT ARE TO TAKE PLACE TOMORROW AS WE HAVE SEEN IN THE REPORTS -- I AM VERY ENCOURAGED BY THE REFERENCES TO THE FEAST TOMORROW AS WELL. WE HAVE SO MUCH THAT IS SUPPOSED TO BE DONE TOMORROW AND THE DAY AFTER. [post 1 of 2....stay tuned]
10-3-2014 Intel Guru DC The question is ‘what’s going on with the cards in Iraq?” Even more cards have been loaded at $3.58. The remaining cards have all been adjusted back to $3.58. The $3.58 has populated throughout the CIX and BIS system globally. We have had many confirmations in the US and around the world on the back screens. On the television, the finance ministers and deputies plus others saying “the economic reform is occurring” in the present tense...the television has also said the tariffs are being implemented now. In the past, they weren’t rich enough to do tariffs, which would especially affect the poor. This is yet another point that the RV has occurred. HCL was approved a while back. What confuses everyone is that there haven’t been major announcements, but now there is scrolling on the bottom of the screens is that PM Abadi is going to give a major speech tomorrow. Obviously they expect this has to do with economic reform. We are to be paid very soon, with new rates being shown throughout the world. We are not telling you the exact time, but things are looking really, really good.
10-3-2014 Intel Guru TNT Tony [via Adept1] We never, ever thought we’d be here on this day, that’s for sure. On television, they were saying economic reform will be coming soon, and the tv is currently saying economic reform is happening now. So the related laws and such have been approved and processes are occurring starting yesterday. HCL has been this big thing, and they are paying people oil revenues right now, so HCL must have been approved. Those who were worried about the budget, yesterday the paper and television were saying adamantly that the economic reforms are not waiting on the budget. Last week, we said the rate is $3.58, and everyone said we were wrong. Then we told you it was in the Gazette, and...Lo and behold, last night they changed all the bank rates to $3.58 throughout the entire world. Over a million people have had their cards updated with that rate, and this has been confirmed by many contacts. Most of the banks have already given their people a date when they expect this to happen, when they will get really busy. It could happen before then, of course. Everything is done, everyone is excited. We do have a date, but cannot give it out.
10-3-2014 Intel/Newshound Guru Poppy3 WELL THEY HAVE DAILY RESCHEDULED THE VOTES ON THE BUDGET AND MINISTERS. SEEMS EVERY DAY AND NOW INTO THE HOLIDAYS AND RELIGIOUS TIME IT IS VERY ENCOURAGING THAT THEY ARE STILL IN MEETINGS TRYING TO FIND A AGREEMENT TO COMPLETE THEIR GOI AND BUDGET. THERE ARE MANY RUMORS AND DIFFERENT PEOPLES IDEAS OF WHAT THE REAL HOLD UP COULD BE BUT I EXPECT AT SOME POINT THERE WILL BE A BREAKTHROUGH AND WHEN THAT HAPPENS EVERYTHING WILL HAPPEN VERY FAST. INTERESTING THE CBI MANAGEMENT IS NOW INVOLVED. ANY DAY NOW CAN BE OUR DAY.
10-3-2014 Intel Guru Okie_Oil_Man GOOD DAY AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. ON MY LAST 2 POST'S I STATED THAT WE WOULD EXPECT TO "HEAR" NEWS LAST NIGHT. WELL AS THE CRACK MIDNIGHT BELL RANG, WE DID HEAR. THE NEWS WAS VERY GOOD TO THE FRIENDS ON THE "LEFT COAST" AND WE WILL HEAR MORE AS THE DAY PROGRESSES. YOU NEED TO UNDERSTAND THAT NEWS THAT IS BEING BANTERED AROUND SOME IS CORRECT, SOME IS NOT. IF YOUR EXPECTING AN R/V AT THIS EXACT INSTANT, YOU WILL NOT SEE IT BUT SHOULD SHORTLY. TIME WILL PROVE INTEL THAT IS BEING HANDLED IN AN EXTREMELY CONFIDENTIAL MANNER PRESENTLY. THERE ARE THINGS HAPPENING PRESENTLY THAT WE ARE NOT TO EVEN DISCUSS MUCH LESS SHARE. JUST KEEP THE FAITH AS EVERYTHING NECESSARY FOR COMPLETION HAS ALREADY OCCURRED.
10-3-2014 Intel Guru Frank26 IMO, I am looking forward to the Parliament returning next Thursday. WATCH ONLY BAGHDAD...That is where the budget sits. Not isis...dash...CBI...Kurds...Not even the USA...WATCH ONLY BAGHDAD. Follow the Tracers of every shot they are now taking. Getting Very Difficult for them to continue hiding in Secret.
10-3-2014 Newshound Guru Stryker It looks like that next week holds many answers for Iraq but all may not be resolved even then. The big question still remains, will the political situation be right for the CBI to pull the trigger on currency reform? In my opinion the Prime Minister must seat all the ministers, this will show the Sunnis that he is true to his word. The new parliament must enact and implement all necessary laws and the budget needs passed before reform can be performed. The CBI has readied itself with all the measures in place but a full unity of power sharing must also be completed. Progress continues to be made in all these areas according to the news and comments by all the major players.
10-3-2014 Intel Guru Mnt Goat The PTB want to RV the currency in a bad way. They are as anxious as we all are. All the software needed to do the job is completed and has been for months. They even re-ran the rate system again late last week. The rates are still very good. It is ready to go and can disperse downstream to the international financial exchanges in a matter of hours once the go ahead is given...it is just not going to magically happen. Just because the UST delegated software is ready and they have the capability, rates at the bank on hold, etc.. does not mean they are going to pull the trigger on this RV until they are completely sure that Iraq is stable. It may take weeks or it may take months. Simply put we are not getting any RV until the government if fully formed and functional and part of the path to doing so is the full implementation of the Erbil Agreement (parts now contained in the set of 27 Unity Reforms). [post 2 of 2]
10-3-2014 Intel Guru Mnt Goat So this week once again we witnessed more arguments in parliament over the candidates for minister of Defense and the Interior. They still do not have a permanent Defense and Interior ministers seated and another week has passed. They are now suggesting they will wait till after the holiday to address these candidates again. Also this week much progress was accomplished on the 2014 budget. But we still do not see it done and implemented (opened to spend). As I said previously – The budget depends on the RV and not the other way around. The last 4 years were simply a waist. The PTB are not going to go down this same road again and will ensure the government is truly fully formed and functional this time around. The list of the Erbil agreements in the new Unity Government Reform list must also be addressed prior to any RV. [post 1 of 2....stay tuned]
10-3-2014 Intel/Newshound Guru tman23 Maliki is still occupying the Palace ...Jaffari with an envoy visited the Palace and had a discussion with maliki to vacate...The envoy left the Palace unsuccessful...Maliki remains. It is said that maliki has created a state with in the state and as long as he remains in the Palace many Iraqi's view him as the man of power.
10-3-2014 Intel Guru SteveI [HCL all good and just awaiting a vote?] The HCL has been approved (agreed by all blocs) but will not become official until the budget of 2014 is passed as the HCL is part of the budget. You can not enforce one without the other. [140 all good awaiting a vote?] The Article 140 has been approved. It has to do with the power sharing and the new GOI has accomplished that.
10-3-2014 Newshound/Intel Guru BGG [ If the Dinar rv by itself alone , when will others follow?] This is all about the IQD - nothing else. If there are others IMHO they will be later - maybe much later. This GCR business is about ratings - not the truth. [do you feel the initial RV rate will stay fixed, move up or down over the first 30 days or no idea?] It will be stable - IMHO - if it comes low - they will adjust over the next 3 mos - 1 year. [do you know if there will be a time limit on when we have to exchange our Dinar?] I doubt it. It is a currency - not a coupon. [...how long do you think it could possibly drag on? i've seen some people predicting as far as 2017?] No way - this needs to happen fairly soon. [post 2 of 2]
10-3-2014 Newshound/Intel Guru BGG [how long can they go without approving the budget before they get into total financial turmoil?] Not much longer - it is a serious situation. [DO U HAVE ANY KINDA TIMELINE FOR THE BUDGET?] I don't - but reportedly - it will not be long...for me though, the budget is not the key - solving this conflict between the hags in power and the Parliament is. [What is the current status of the appointment of the Defense and Interior ministers? And does that have any substantial effect on currency reform?] Very close - yes, balance of power is an issue for the IMF - etc. [Awhile back [Guru] Tlar had posted that the Security Minister would have to be placed for an rv? Your thoughts and have they placed Security Minister yet?] They have not. Soon though...but I do not agree with that as a "have to". [post 1 of 2....stay tuned] 10-2-2014 Newshound Guru TD Comments to share from my Kurdish friend (As always treat all as rumor)…all the PTB's have all gone home till about October 15th and nothing is on the agenda to get done till then which a full plate of things to do : Get the other ministers seats filled, pass additional laws, etc. This is simply NOT a full and functioning government YET.
10-2-2014 Intel Guru SteveI [The Budget, As I read it is still being formulated and awaiting discussion and a possible vote? ] The final budget for 2014 has been formulated (as of this post) and it on the desk of the president of parliament now awaiting for him to call for the official vote. The Kurds and everyone has now signed off on it and there will be no readings of the budget, but the final vote.
10-2-2014 Newshound Guru Breitling We're watching to see if the CBI changes their language and they have not…they still want to reduce the note count. Not only that, but one of the debates was they they were going to take the currency that you and I have with the 3 zeros on it and pretend that those 3 zeros are gone. Well that debate is over with. They are actually printing new 10K note. The popular note in Iraq is the 10K note. If they were going to reduce the note supply by removing the 3 zeros or they were going to retire them they wouldn't take the time or the money and go through the trouble of reducing the note count that they have.
10-2-2014 Intel Guru Okie_Oil_Man GOOD THURSDAY AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. REMEMBER LAST NIGHT WHEN I POSTED THAT WE WOULD HEAR TONIGHT WHAT WE HAVE ALL BEEN WAITING ON?? WELL---LISTEN CLOSELY NOW!!!
10-2-2014 Intel/Newshound Guru tman23 They are raising salaries and the minimum wage worker will receive over $3000 in one lump sum (retroactive Jan 2014)...Understand that raising the salaries and needing imports will be a slow death to an Oil export dependent country...They now need to raise the value of the IQD to give them purchasing power for imports...IMO Parliament and CoM are meeting and reporters claims of such are not groundless...As ridiculous as calling a RV in the midst of chaos and corruption at the present time, the window remains open 10/7 -10/9 to see a monetary shift.
10-2-2014 Intel Guru Frank26 Within our investment ...These are the days of closure. They are also the days in which we now walk on a thin shattered transparent glass road. Know That as You now walk on this newer surface of our investment Each step is poised to collapse and give way to an Iraq without a UNSC Program Rate. In the still of a coming night ...It will give way and happen so fast ...Your world and thoughts will freeze for a few nano seconds trying to comprehend the reality of it all. You may find it hard to believe it has not happened yet but when it does ...That too will be hard to ...Believe.
10-2-2014 Newshound Guru Millionday THEY LAUNCHED THE GOVERNMENT PROGRAMS TODAY AND...THEY HAVE ALSO REPORTED THAT THEY ARE BEGINNING THE ECONOMIC REFORMS -- THE ECONOMIC REFORMS ARE THE MONETARY POLICY -- BANKING REFORMS -- FINANCIAL EVERYTHING -- SO KNOW THAT IT INCLUDES THE ECONOMIC REALITY OF IRAQ ENTIRELY. ...THE FIRST PART OF THE VERY LONG PRESS RELEASE...ANNOUNCED THAT ALL COUNTRIES HAVE BEEN ARRIVING FOR THE LAST COUPLE DAYS FOR THE CONFERENCE OF THE NEW IRAQ. THIS IS A CONFERENCE SO WE WILL SEE WHY THE WORLD IS THERE AND WHAT THEY MEAN BY ACTIVATING ALL GOV PROGRAMS AND MOVING TO THE NEW IRAQ AND SHOWING THE WORLD THE BRIGHT SIDE. SO NOW WE WILL WAIT FOR ACTION AND SEE WHAT OCCURS. [post 2 of 2]
10-2-2014 Newshound Guru Millionday TONIGHT [WEDNESDAY] FOR THEM THEY WERE HAVING A MEETING (NATIONAL ALLIANCE) TO NAME THE MINISTERS OF INTERIOR AND DEFENSE --- THE FEDERAL COUNCIL IS NOT DONE JUST YET BUT THEY ARE IN THE FINAL PORTION WITH THE AMENDMENTS -- THAT IS WHY IT HAS NOT BEEN PUT IN THE GAZETTE YET... THERE ARE MANY MANY LAWS IN PLACE AND READY FOR INVESTMENT AND ALL CHANGES OCCURRING THAT WILL GO INTO LAW WHEN THEY ARE PRINTED IN THE GAZETTE. THEY ARE MOVING TO LAUNCH THE ECONOMIC REFORMS AND ALL REFORMS. THEY ARE IN A HUGE RUSH - SO THEY LAUNCHED THE GOVERNMENT PROGRAMS TO LAUNCH THE MUCH NEEDED PRIVATIZATION FOR THEIR MOVE TO A MARKET ECONOMY. [post 1 of 2....stay tuned]
10-2-2014 Newshound Guru Adam Montana I'm not going to dismiss the seriousness of ISIS, but I am going to discourage a "sky is falling" attitude...the pressure is on everyone to join the fight and push ISIS back, and that's happening. When you're watching the news, remember this - doom and gloom sells ad spots in the media. Happiness and success is often ignored for that reason, and negative stories get hyped beyond reality in order to generate those $$$'s. So, until the RV is announced or a lop is announced... take it all with a grain of salt, be thankful for this opportunity no matter how we walk away from it (hopefully you're learning a lot as we wait!), and stay calm...hopefully the next time I post here it will be with the news we're waiting for.
10-2-2014 Intel/Newshound Guru Poppy3 ...TALKED TO BAGDAD. HE STATES THEY HAVE SCHEDULED AGAIN TOMORROW [THURSDAY] TO VOTE ON BOTH MINISTERS AND THE BUDGET. AS WE SAID TIME WILL TELL. THE GOOD NEWS IS THEY ARE STICKING TO THE PLANS TO GET EVERYTHING SOLVED And HAVE NOT BACKED OFF OR LET UP ON TRYING TO SOLVE THEIR DIFFERENCES. FOR ME I AM PROUD THEY ARE STILL PUSHING ...EVEN THOUGH THEIR TIMING IS ON THE DAY LATE MODE AS USUAL. I AM PROUD THAT ABADI IS STICKING TO HIS GUNS AND HASNT BACKED UP OR LET UP ON THE PROCESS .
10-2-2014 Newshound Guru Millionday [is it really this soon, like for real?] THE VALUE WILL CHANGE FOR GLOBAL TRADE SO THAT WORLD ECONOMICS AND COMPLIANCE IS FOLLOWED -- WHEN IS NOT GUARANTEED BUT IT LOOKS VERY CLOSE BY WHAT IS BEING SAID.
10-2-2014 Intel Guru Blaino FINANCIAL OFFICER...TOLD ME THIS EVENING.... "EVERY TIME WE THINK WE SEE THESE NUMBERS...THEY NEVER EVER CHECK OUT..." "AND I'M ABLE TO SHOW YOU IN MINUTES THAT THERE'S NO VALIDITY TO IT". WELL...AFTER MUCH CHECKING...HE REPORTS...THAT HE CANNOT SAY IT'S SMOKE! HE SEE'S IT SEVERAL PLACES! IT DOES SEEM, TO THOSE THAT ARE SUPPOSED TO KNOW, TO BE AS REAL AS IT GETS AT THIS HOUR! ...MORE AS WE GET AND CONFIRM IT! [post 2 of 2]
10-2-2014 Intel Guru Blaino [For those interested in the Zimbaubwe currency] ZIMBAUBWE! MOVING IT SEEMS! WE WERE ALERTED TO A SITUATION... LATE THIS EVENING [WEDNESDAY] AND TURNED ALL OF OUR RESOURCES TO THE FACT THAT THE ZIM WAS APPEARING TO .... "GO". BLOOMBERG, SEVERAL OTHERS WERE SHOWING IT AT (APPROX) 0.0031. WE ARE STILL UNDETERMINED ON ANY LOP...WE HAVE HEARD...LOP 6 ZEROS. ALSO.... SOME SITES SHOWING ZWL AS A CURRENCY CODE, OTHERS SHOWING ZWB. THE ZIM $100T NOTE AT THESE RATES...ASSUME THE LOP OF 6 0'S...WOULD BE: 100,000,000 X .00310217 = $310,217.00 EACH. [post 1 of 2....stay tuned] 10-1-2014 Newshound Guru Adam Montana [ I have 2 questions. 1)if HCL is approved,do you think there are any other obstacles that can interfere for RV? 2)how about the progress of HCL,is it bad or good?] I really don't see anything else - in order for the HCL to go through, the other obstacles need to be handled, and that's what they are doing right now... so I'd say it's going good!
10-1-2014 Newshound Guru Millionday WE ARE IN SUCH A DIFFERENT PLACE IN OUR INVESTMENT…WE HAVE HAD MANY LAWS PASSED IN THE LAST DAYS…AND ALL OF GREAT GREAT IMPORTANCE [Article] Parliament will form a special committee for the application of Article 140...THEY ARE SETTING UP THIS COMMITTEE TO KEEP ALL ISSUES CALM SO THAT THE APPLICATION OF ARTICLE 140 IS PER AGREEMENT… IT IS VERY OBVIOUS HERE THAT THE KURDS HAVE ANNOUNCED THAT THEY ARE VERY HAPPY IN THE PRESS WITH THE FEDERAL GOV…. HUGE CHANGE FROM WHERE WE BEGAN AND WHERE IRAQ HAS BEEN FOR ALL OF HISTORY… I REPORTED THAT THE KURDS HAVE JOINED THE GOVERNMENT AND THEY HAVE A TRUE UNIFIED GOV NOW
10-1-2014 Intel Guru OkieOilMan GOOD WEDNESDAY NIGHT AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. BY THIS TIME TOMMOROW YOU SHOULD BE HEARING THE NEWS THAT WE HAVE ALL BEEN WAITING TO HEAR. ALSO TONIGHT THERE WILL BE SOME HAPPY CAMPERS ON THE "LEFT COAST". REMEMBER WHEN THIS BLESSING OCCURS CONSIDER THIS--"WHAT YOU HAVE OBTAINED CHEAPLY DON'T ESTEEM TO HIGHLY". THERE SHOULD BE MORE DEFINED INTEL SHORTLY.
10-1-2014 Intel Guru Frank26 When they return a week from tomorrow ...IMO THE HCL will be in a perfect environment and ...Position of ...Check Mate.
10-1-2014 Newshound Guru Lojak Article quote: "the Ministry of Finance and Treasury that Iraq suffers from a financial deficit caused by the scary former Prime Minister Nuri al-Maliki could lead to cut the salaries of state employees in the coming months." the fact is that they are broke and have huge needs to move forward with monetary reform. Broke is broke and they need to pay many many bills. When banks over there in the green zone have to close regularly because they cant get cash from the CBI...thats not good. They have been limping along for 8 months, getting just enough denoms to survive 3 days at a time.-- and thats not an example of cashflow poor(aka broke) I dont know what is.
10-1-2014 Newshound Guru Adam Montana [ I am led to believe that there will be a pool of $$$$ for the higher rates but when that pool is used up you will have to accept a lower rate. It is on a first come first served basis so you want to get to the bank ASAP. Any input on that?] I'm going to say that's absolutely false - the rate is the rate, and in fact it may end up going UP as demand for it increases. Some people are under the impression that once the value raises, everyone and their mother is going to race to dump it. I strongly disagree with that idea - some people will race to the bank, but plenty of smart investors will actually be in BUY mode, which will have an effect on the value. Here's what I know for sure - There is no "pool" reserved for the first X dinars...
10-1-2014 Newshound Guru Lojak Article: "Parliament rapporteur: Minister Kurds will perform the constitutional right just after the Eid" they have struck a deal...an emergency session is in the very near future (not in the coming days...) lol.
10-1-2014 Newshound Guru Adam Montana ISIL/ISIS: There is no way the IS problem will ever be truly and completely eradicated, so the best we can realistically hope for is successful containment. With that said, there are continuing reports of IS militants being driven back, out of Iraq. ...the bottom line is that IS is less and less a major concern in Iraq as they are being dealt with, the budget resolution is in motion, and HCL won't be far behind that. [post 2 of 2]
10-1-2014 Newshound Guru Adam Montana Current situation: Budget: We are extremely close to seeing the budget passed, and in such a way that the Kurds will be happy with it. In fact, Salim Al-Jiburi (the Iraqi speaker) did meet with Yusuf Mohammed (speaker of the Kurdistan region’s parliament) just earlier today, and preliminary reports are showing that they are in agreement on how to move forward. In regards to the budget, it's interesting to know that more than 20% of the Kurdish regions people are on Government payroll, and that actually accounts for over 70% of the public spending (the money that Baghdad sends to them)... so not only do they want to resolve this quickly, but these are the same government officials who will be pushing hard for an increase in the value because it literally goes right in their own pockets when it happens! [post 1 of 2....stay tuned]
10-1-2014 Newshound Guru Lojak Article: "Parliament to resume its sessions on October 14, 2014" there will be emergency sessions well prior to that date... [Can Parliament swear in the Kurdish MPs before the 14th? Articles are saying the 2 month salaries can not be paid until they take the oath.] yes they can, just need an emergency session of Parl.
10-1-2014 Newshound Guru tlm724 Article: "Breaking News Parliament to resume its sessions on October 14, 2014" Abadi wants this budget passed asap but they can't do it UNTIL they come to a consensus with the kurds. they have to have inclusion or the country will fail and with their failure comes our failure...trust me when I say it must be done right this time, erasing the mistakes of Maliki is a huge job...
10-1-2014 Newshound Guru Kaperoni Article: "Council of Ministers asked the financial rewrite the budget deficit for the great" Good progress. The CoM will get the revised budget for 2014 to parliament this week. They have to start over reading it 3 times but we could have this approved mid October. [Didn't I see a new mandate where they only needed to read laws twice?] we will have to wait and see. In any case, it hopefully will pass within a week or so.
10-1-2014 Intel Guru Frank26 Headlines sound like a plan to vote on the budget after the GOI returns, however, articles also state that with or without the budget, the MR (Monetary Reform) will move forward. Article that the Kurds will be paid with the advancement of the budget; all of things are good for our investment. Article states that Abadi is waiting for financials to come to him, and also states that salaries will be paid before Eid; according to the COM, the payments to the Kurds is coming out of the 2014 budget, and the 2014 budget can only deal in IQD, they cannot use USD or other currency. Can the 2014 budget still contain a program rate of 1166? If it does, how could they be paying salaries? The MR is white hot, and the holiday break is a way to cool it down to accomplish what needs to be finished. [post 2 of 2]
10-1-2014 Intel Guru Frank26 The GOI is going on vacation on Saturday, Oct 4 and will return on Thursday, Oct 9 now...when the GOI returns, IMO, they will proceed with the MR [Monetary Reform]. Abadi is working on reform of 27 laws, and these must be finished before we can see an IR [International Rate]; he has until the end of 2014 to accomplish this, but we will see when the GOI returns on Oct 9 how long he takes; some of these pertain to the Erbil agreement. The budget is being audited now, and this is why we saw Barzani run to Baghdad; is the HCL being added to the budget? The disputes between the Kurds and Baghdad are settled IMO because he believes the Kurds have seen the budget and know it is very good for them. [post 1 of 2....stay tuned]
10-1-2014 Newshound Guru Kaperoni Iraq is making progress and the last month or so a significant shift towards passing laws and working to help the Iraqi people is happening. No doubt. But we need to be realistic that it may take another month or two for them to accomplish what is needed to create the right climate to open the economy in Iraq. Any change in dinar value will come as a result in Iraq's economic progress. We need to be patient and let it come to us.
10-1-2014 Intel/Newshound Guru tman23 Confirmed everybody is getting paid this week in Iraq...There is to be a planned announcement Wednesday evening. 9-30-2014 Intel Guru Delta [via BulldogFord65] all good news in Iraq right now, the 2 remaining ministers (interior and defense) need to be named, 50/50 chance that we’ll see it before the holiday; Kurds look happy and building trust and confidence with Baghdad; finance committee, COM all asking why the 000 have not been deleted; IMO, if we don’t see anything before the holiday, the second week of Oct after they come back from holiday will be very interesting.
10-5-2014 Intel/Newshound Guru Poppy3 isis IS NOT INTERFERING with their progress...the minister will be seated in days not weeks if ABADI keeps pushing. HE is not allowing days off for any reason. THEY ARE BEING FORCED TO WORK THROUGH HOLY DAYS AND RELIGIOUS HOLIDAYS - NEVER BEFORE HAVE THEY DONE THIS SO -- They will get their job done because he is running out of time to finish his goi and they don't want to be there longer than they have too. ALSO RUMOR OUT OF WASHINGTON IS THAT USA SUPPORT HAS BEEN GREATLY CUT BACK IN IRAQ UNTIL THEY GET THEIR GOI COMPLETED AND AGREEMENT MET ON THEIR FINANCIAL REFORM...ANOTHER REASON THEY ARE PUSHING FORWARD FAST.
10-5-2014 Newshound Guru Chattels increasingly i am persuaded that perhaps years were lost to us with "Maliki II"...years lost in the sense of timing on our event. the good news is that " IT " could have been lost altogether, but it has not, IMO. so, we continue to fight the good fight, holding onto faith and good conscience, to finish the " race ". Every day is a race. We take it one day at a time. This event can happen in a heartbeat and without forewarning.
10-5-2014 Intel Guru Mnt Goat Nothing substantial came out concerning passing and implementing the budget last week other than they intend to begin the next sessions of parliament on 10/14 and the budget will be the first on the agenda. This has come imperative and in a critical state now since they just spend billions already on the payment programs to the citizens... We continue to wait once again for the controversial ministers to be seated. This now includes the Defense and Interior ministers – 2 of the key ministerial positions. I was told there was a very good possibility this could happen quickly after the holiday since the negotiations are ongoing and they have plenty of time to resolve differences. Sorry no RV happening in the near future...we wait for a formal (global) announcement to the public that the Iraq government is now FULLY formed and seated. [post 2 of 2]
10-5-2014 Intel Guru Mnt Goat I will say the $3.58 rate was merely paying the citizens of Iraq their long overdue government payments on programs such as rations, pensions, unemployment, retirement, etc,. It has absolutely nothing to do with the revaluation of their currency. ...according to my source the reforms they spoke about recently have nothing to do with the revaluation. Are there other economic reforms too that need to be implemented? Yes – and they will continue with the reforms as needed. ...this past week Abadi has...come out in public and clearly stated he strongly favors full implementation of HCL and Article 140 along all constitutional mandates. It will not be long. [post 1 of 2....stay tuned]
10-5-2014 Intel Guru EXOGEN [Alert! Santa is getting ready to show himself!] YEP!! FULL SUIT IMMINENT!!! [Can you put a timeline on Imminent? A. 24 hours B. 48 hours C. 2-4 weeks D. 1-5 years E. Unknown] FROM INFORMATION RECEIVED THIS MORNING, IT WOULD ELIMINATE C & D FROM YOUR LIST…WHICH NOW LEAVES YOU WITH A, B, & E.
10-5-2014 Newshound Guru Millionday Article quote: "Prime Minister Haider al-Abadi, Saturday, politicians to "unity", with the promise to "do everything in his power to be the next period is shining." THIS IS THE STATEMENT TO THE IRAQI PEOPLE TODAY BY ABADI -- STATING THAT THE NEXT PERIOD IS PROSPEROUS AND SHINING-- HE IS CALLING FOR UNITY IN THE GOVERNMENT. HE HAS STATED HERE THEY ARE MOVING FORWARD WITH THE REFORMS AS THEY HAVE ANNOUNCED IN THE GOVERNMENT TO PLACE IRAQ ON TRACK -- HE HAS ALSO STATED THAT THEY ARE GOING TO HAVE A QUANTUM LEAP!! WHOOOPOW!!
10-5-2014 Newshound Guru Kaperoni Article: "National Alliance: candidates for security ministries vacant and will be brought to a basket and one to a vote in Parliament" one basket or by themselves..it wont take long to seat two ministers once they agree. Get it done.
10-5-2014 Newshound Guru tman23 Jabouri and Ismail (acting CBI governor) along with 3 other representatives are scheduled to be in Geneva Switzerland...(Geneva just also happens to be the home of Shabibi)...Jabouri and Ismail is solid information and consider it confirmed!!
10-5-2014 Newshound Guru Kaperoni Article: "Deputy: file security ministries to resolve dramatically and will be a budget for the remaining months of the year after the feast" Quote: "there is a great tasks awaiting the House of Representatives when it resumes its sessions after the holiday Eid al-Adha, including the issues of security ministries and the budget." A lot of pressure is being put on parliament "just after the feast." Lets hope they accomplish what they say
10-5-2014 Intel Guru TNT Tony Iraq announces the conclusion of economic reform at the end of EID. Oct 8th. 10-4-2014 Intel/Newshound Guru Poppy3 it beginning to look a lot like we are going to have a great Christmas and a BIG TIME THANKSGIVING PERIOD.
10-4-2014 Newshound Guru Mailman17 I WOULD LOVE TO PUT TO REST THE ISSUE OF THE NEW 10,000 DINAR NOTE SUPPOSEDLY IN THE PUBLICS HANDS FOR A FEW MONTHS AS SOME REPORT. HOGWASH...IF THAT WERE THE CASE WE WOULD HAVE A PICTURE OF IT...AND THE CBI WOULD LIST IT ALONG WITH THE OTHERS ON THEIR WEBSITE. THIS, IMO...IS TO THROW OF [OFF?] SPECULATION THAT NOTHING IS IN MOTION FOR CURRENCY REFORM AND THE RV. AND THE FACT THAT IT IS REPORTED THAT THERE ARE A 25,000 AND A 50,000 NOTE ARE AGAIN IMO...BS...STAY WITH THE FACTS PLEASE. AND IF ITS IN PRINT...PRINT IT SO WE ALL CAN READ.
10-4-2014 Newshound/Intel Guru BGG [What is the current status of the rv process...?] Obviously - we have all been waiting longer than expected...however, my current take is - once this minor conflict between the CBI and GOI is resolved - we are in much better shape than ever before, JMHO.
10-4-2014 Intel/Newshound Guru Poppy3 ALSO ALL NEWS THAT HAS BEEN CONFIRMED SHOW THIS IS A MAIN FOCUS FOR THEM AND THE OTHER THING IS ACCORDING TO THEIR OWN STATEMENTS NONE OF THIS MAY BE MANDATORY TO GET DONE BEFORE THEY CAN RV SO GUYS IT CAN APPEAR AT ANYTIME. 50/50 THEY CAN GIVE NEW RATE ANYTIME IN SESSION OR NOT. BANKS BEING CLOSED FOR 4 DAY CAN BE A GOOD THING. WHO KNOWS AT THIS POINT I CAN SAY IF THE BANKS ARE CLOSED I WILL KNOW FOR FACT BY TONIGHT. [post 3 of 3]
10-4-2014 Intel/Newshound Guru Poppy3 I HAVE NO PROOF ANYONE HAS BEEN PAID. I AND NO ONE IS REPORTING THE BUDGET HAS BEEN OPENED, THEY HAVE NO REPORTED VOTING ON THE BASKET OF BANKING AND FINANCIAL LAWS, HOWEVER THEY HAVE AGREED ON MANY OF THESE ISSUES AND A VOTE IN INEVITABLE AND ALL THIS CAN HAPPEN WITHIN A MATTER OF MINUTES BUT THEY HAVE TO BE IN SESSION TO TAKE A VOTE. THE QUESTION IS ARE THEY IN SECRET SESSION AND WHEN THEY VOTE HOW FAST WILL THE CBI ACT? [post 2 of 3....stay tuned]
10-4-2014 Intel/Newshound Guru Poppy3 THE CBI IS CLOSED DURING THE HOLIDAY? I AM HEARING MIXED ANSWERS. SOME SAYING THEY WILL BE CLOSED AND OTHERS SAYING THEY WILL REMAIN OPEN. I HAVE HEARD THAT THE GOI AND PARLIAMENT COMMITTEE'S WILL CONTINUE TO MEET AND TRY AND SOLVE ISSUES SO THEY CAN VOTE WHEN THE NEXT ENTIRE PARLIAMENT IS IN SESSION. I ALSO HEARD NONE OF THEM ARE GOING TO BE ALLOWED TO TAKE OFF FOR THE HOLIDAY. WE HAVE TO WATCH AND SEE THEIR ACTIONS---THE CBI SITE SAYS THEY WILL BE CLOSED BUT THEY HAVE SAID CLOSED BEFORE AND STAYED OPEN. TIME WILL TELL THE FACTS AND WE WILL KNOW FOR SURE IN A FEW HOURS. [post 1 of 3....stay tuned]
10-4-2014 Intel Guru TD We do know that the NEW 10K note has been out almost now couple months and is being exchanged throughout Iraq. This note has new security features and will also be followed by ( also NEW security enhanced features) 5K, 25K and the all new 50K notes. A few weeks back the CBI released a (rehashed article) of this intention BUT just the fact that they already introduced into the marketplace the NEW 10K note is proof that they do mean what they stated THIS TIME . I'm told that the other notes are in production and expected also to be introduced into the marketplace during the last quarter of this year, perhaps in the new year to kick off 2015 as a year of change and promise. THE PTB's in Iraq all adjourned and went home couple days ago and there is nothing on the agenda for them till October 15th. [post 2 of 2]
10-4-2014 Intel Guru TD My Kurdish friend indicates...FIRST...He says that any change in monetary policy will be voiced through the CBI, the country's guardian and executioner of such actions and will be in the form of a worldwide article as well as update showing on their website. So far nothing like that has occurred. SECOND) He states that PARTIAL or INCOMPLETE actions showing privilege to some and not others would set off a worldwide & endless hornets nest of litigation that mankind has never seen in history. In other words, if and when the CBI acts on monetary policy it will be instantaneous worldwide. THIRD) He refutes the rumor that this has "already occurred" but hasn't rolled out. If there was a few people"in the know" then surely in one way or another the remaining notes would have been gobbled up in a hurry. In addition to my Kurdish friend I have a couple executive level contacts at Goldman Sachs who also reiterate the points discussed. [post 1 of 2....stay tuned]
10-4-2014 Newshound Guru tlm724 Article: "Citizen: Ameri-Obeidi and more fortunate to take over the interior and defense portfolios" "Khalid al-Obeidi, the luckiest in the parliament to take over the interior and defense portfolios." looks like Obeidi is the man of the hour "the delegation of the Kurdish leadership will visit Baghdad soon to discuss with the leadership on the nomination of ministers of the Kurds, who will perform the constitutional oath after the holiday," kurds are on board and participating, we will have all the issue's settled in short order.
10-4-2014 Newshound Guru Chattels The GOI has announced a holiday for all government "offices" from October 4 - 8. Query whether that includes next Thursday and the CBI, an independent agency?
10-4-2014 Newshound Guru Chattels Article quotes "Said Vice President Iyad Allawi said that "the resolution of the candidates and the interior and defense ministries will be after the holiday of Eid al-Adha directly." "Allawi added that "the subject of a ministerial interior and defense will be decided after the feast candidates directly, and there are still many discussions in this regard." He stressed the need for "a consensus on the names of the candidates," adding that "this agreement is only the shapes of the case."
10-4-2014 Newshound/Intel Guru Arthur The good side affect to these delays is that it has allowed the banking/CBI side to progress monetary reform preparation beyond what they would have otherwise accomplished which when combined with the new unified government has allowed parliamentary quorum conducive for passing all the necessary legislation that now has Iraq on the verge of a monumental moment in their history that will finally allow the PTB/AOP to give the green light to restore Iraq back into the international community with the monetary reform and restoration of the IQD in the very near future...as just tonight their TV news announced they would begin to finalize their monetary reform right after Eid al-Adha. [post 3 of 3]
10-4-2014 Newshound/Intel Guru Arthur Another delay is what I call the Maliki factor as in how long it took to get him out of office, all the enormous corruption they have uncovered, including undoing the damage from his inept maintenance of the security file (MOD/MOI) and from all the money he stole or otherwise misappropriated in conjunction with lower global oil prices than originally expected which has engendered a budget deficit that none of their economist nor the UN and U.S. financial experts were prepared for. This has therefore delayed completion of the GOI and caused complexities to the budget that has called for several recent amendments leading to the reason we are now projected after Eid al Adha as opposed to before then as PM Abadi originally promised. [post 1 of 3....stay tuned]
10-4-2014 Newshound/Intel Guru Arthur For the most part I have never believed in delays which I see as manufactured by people when they are wrong about the RV happening on a given date. I see things as just happening as they are supposed to according to the progress Iraq makes toward economic and political stability. But per an extensive talk with my Iraqi contact, I now believe there has been several recent delays to this overall process. The first unforeseen circumstance was grossly underestimating the deleterious impact of DAASH and the ineffectiveness of the Iraqi military as led by Maliki to deal with that situation as it unfolded over the end of the summer. Due to a combination of disdain and distrust for Maliki, and their unwillingness to put their lives on the line for what they saw as a corrupt dictatorial regime, DAASH was allowed to get disproportionately out of control and became a delaying factor as is evidenced by the unprecedented international military response to the ISIL threat to Iraq's sovereignty. [post 1 of 3....stay tuned] 10-3-2014 Newshound Guru Millionday FEAST IS TOMORROW AND IT IS NOT A GOV AND BANK HOLIDAY FORMALLY. SO THE PARLIAMENT WILL WORK AND WE HAVE THE CBI AND BANKING MEETING -- A CONFERENCE GOING ON AND SO MUCH HAPPENING WITH ARMS FOR IRAQ AND THE MEETING FOR BUDGET AND PAY FOR KURDS COMING. I WOULD NOT BE SURPRISED TO SEE HUGE PRESS RELEASES AFTER FEAST TOMORROW. [post 2 of 2]
10-3-2014 Newshound Guru Millionday LAST NIGHT THEY MET FOR AN EMERGENCY UNSCHEDULED MEETING (MINISTERS) TO SET UP THE AGREEMENT FOR KURDISTAN REGION PAY AGREEMENT -- TO COMPLETE BUDGET AND SEND TO PARLIAMENT...TO COMPLETE 2014. THERE ARE MANY MEETINGS THAT ARE TO TAKE PLACE TOMORROW AS WE HAVE SEEN IN THE REPORTS -- I AM VERY ENCOURAGED BY THE REFERENCES TO THE FEAST TOMORROW AS WELL. WE HAVE SO MUCH THAT IS SUPPOSED TO BE DONE TOMORROW AND THE DAY AFTER. [post 1 of 2....stay tuned]
10-3-2014 Intel Guru DC The question is ‘what’s going on with the cards in Iraq?” Even more cards have been loaded at $3.58. The remaining cards have all been adjusted back to $3.58. The $3.58 has populated throughout the CIX and BIS system globally. We have had many confirmations in the US and around the world on the back screens. On the television, the finance ministers and deputies plus others saying “the economic reform is occurring” in the present tense...the television has also said the tariffs are being implemented now. In the past, they weren’t rich enough to do tariffs, which would especially affect the poor. This is yet another point that the RV has occurred. HCL was approved a while back. What confuses everyone is that there haven’t been major announcements, but now there is scrolling on the bottom of the screens is that PM Abadi is going to give a major speech tomorrow. Obviously they expect this has to do with economic reform. We are to be paid very soon, with new rates being shown throughout the world. We are not telling you the exact time, but things are looking really, really good.
10-3-2014 Intel Guru TNT Tony [via Adept1] We never, ever thought we’d be here on this day, that’s for sure. On television, they were saying economic reform will be coming soon, and the tv is currently saying economic reform is happening now. So the related laws and such have been approved and processes are occurring starting yesterday. HCL has been this big thing, and they are paying people oil revenues right now, so HCL must have been approved. Those who were worried about the budget, yesterday the paper and television were saying adamantly that the economic reforms are not waiting on the budget. Last week, we said the rate is $3.58, and everyone said we were wrong. Then we told you it was in the Gazette, and...Lo and behold, last night they changed all the bank rates to $3.58 throughout the entire world. Over a million people have had their cards updated with that rate, and this has been confirmed by many contacts. Most of the banks have already given their people a date when they expect this to happen, when they will get really busy. It could happen before then, of course. Everything is done, everyone is excited. We do have a date, but cannot give it out.
10-3-2014 Intel/Newshound Guru Poppy3 WELL THEY HAVE DAILY RESCHEDULED THE VOTES ON THE BUDGET AND MINISTERS. SEEMS EVERY DAY AND NOW INTO THE HOLIDAYS AND RELIGIOUS TIME IT IS VERY ENCOURAGING THAT THEY ARE STILL IN MEETINGS TRYING TO FIND A AGREEMENT TO COMPLETE THEIR GOI AND BUDGET. THERE ARE MANY RUMORS AND DIFFERENT PEOPLES IDEAS OF WHAT THE REAL HOLD UP COULD BE BUT I EXPECT AT SOME POINT THERE WILL BE A BREAKTHROUGH AND WHEN THAT HAPPENS EVERYTHING WILL HAPPEN VERY FAST. INTERESTING THE CBI MANAGEMENT IS NOW INVOLVED. ANY DAY NOW CAN BE OUR DAY.
10-3-2014 Intel Guru Okie_Oil_Man GOOD DAY AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. ON MY LAST 2 POST'S I STATED THAT WE WOULD EXPECT TO "HEAR" NEWS LAST NIGHT. WELL AS THE CRACK MIDNIGHT BELL RANG, WE DID HEAR. THE NEWS WAS VERY GOOD TO THE FRIENDS ON THE "LEFT COAST" AND WE WILL HEAR MORE AS THE DAY PROGRESSES. YOU NEED TO UNDERSTAND THAT NEWS THAT IS BEING BANTERED AROUND SOME IS CORRECT, SOME IS NOT. IF YOUR EXPECTING AN R/V AT THIS EXACT INSTANT, YOU WILL NOT SEE IT BUT SHOULD SHORTLY. TIME WILL PROVE INTEL THAT IS BEING HANDLED IN AN EXTREMELY CONFIDENTIAL MANNER PRESENTLY. THERE ARE THINGS HAPPENING PRESENTLY THAT WE ARE NOT TO EVEN DISCUSS MUCH LESS SHARE. JUST KEEP THE FAITH AS EVERYTHING NECESSARY FOR COMPLETION HAS ALREADY OCCURRED.
10-3-2014 Intel Guru Frank26 IMO, I am looking forward to the Parliament returning next Thursday. WATCH ONLY BAGHDAD...That is where the budget sits. Not isis...dash...CBI...Kurds...Not even the USA...WATCH ONLY BAGHDAD. Follow the Tracers of every shot they are now taking. Getting Very Difficult for them to continue hiding in Secret.
10-3-2014 Newshound Guru Stryker It looks like that next week holds many answers for Iraq but all may not be resolved even then. The big question still remains, will the political situation be right for the CBI to pull the trigger on currency reform? In my opinion the Prime Minister must seat all the ministers, this will show the Sunnis that he is true to his word. The new parliament must enact and implement all necessary laws and the budget needs passed before reform can be performed. The CBI has readied itself with all the measures in place but a full unity of power sharing must also be completed. Progress continues to be made in all these areas according to the news and comments by all the major players.
10-3-2014 Intel Guru Mnt Goat The PTB want to RV the currency in a bad way. They are as anxious as we all are. All the software needed to do the job is completed and has been for months. They even re-ran the rate system again late last week. The rates are still very good. It is ready to go and can disperse downstream to the international financial exchanges in a matter of hours once the go ahead is given...it is just not going to magically happen. Just because the UST delegated software is ready and they have the capability, rates at the bank on hold, etc.. does not mean they are going to pull the trigger on this RV until they are completely sure that Iraq is stable. It may take weeks or it may take months. Simply put we are not getting any RV until the government if fully formed and functional and part of the path to doing so is the full implementation of the Erbil Agreement (parts now contained in the set of 27 Unity Reforms). [post 2 of 2]
10-3-2014 Intel Guru Mnt Goat So this week once again we witnessed more arguments in parliament over the candidates for minister of Defense and the Interior. They still do not have a permanent Defense and Interior ministers seated and another week has passed. They are now suggesting they will wait till after the holiday to address these candidates again. Also this week much progress was accomplished on the 2014 budget. But we still do not see it done and implemented (opened to spend). As I said previously – The budget depends on the RV and not the other way around. The last 4 years were simply a waist. The PTB are not going to go down this same road again and will ensure the government is truly fully formed and functional this time around. The list of the Erbil agreements in the new Unity Government Reform list must also be addressed prior to any RV. [post 1 of 2....stay tuned]
10-3-2014 Intel/Newshound Guru tman23 Maliki is still occupying the Palace ...Jaffari with an envoy visited the Palace and had a discussion with maliki to vacate...The envoy left the Palace unsuccessful...Maliki remains. It is said that maliki has created a state with in the state and as long as he remains in the Palace many Iraqi's view him as the man of power.
10-3-2014 Intel Guru SteveI [HCL all good and just awaiting a vote?] The HCL has been approved (agreed by all blocs) but will not become official until the budget of 2014 is passed as the HCL is part of the budget. You can not enforce one without the other. [140 all good awaiting a vote?] The Article 140 has been approved. It has to do with the power sharing and the new GOI has accomplished that.
10-3-2014 Newshound/Intel Guru BGG [ If the Dinar rv by itself alone , when will others follow?] This is all about the IQD - nothing else. If there are others IMHO they will be later - maybe much later. This GCR business is about ratings - not the truth. [do you feel the initial RV rate will stay fixed, move up or down over the first 30 days or no idea?] It will be stable - IMHO - if it comes low - they will adjust over the next 3 mos - 1 year. [do you know if there will be a time limit on when we have to exchange our Dinar?] I doubt it. It is a currency - not a coupon. [...how long do you think it could possibly drag on? i've seen some people predicting as far as 2017?] No way - this needs to happen fairly soon. [post 2 of 2]
10-3-2014 Newshound/Intel Guru BGG [how long can they go without approving the budget before they get into total financial turmoil?] Not much longer - it is a serious situation. [DO U HAVE ANY KINDA TIMELINE FOR THE BUDGET?] I don't - but reportedly - it will not be long...for me though, the budget is not the key - solving this conflict between the hags in power and the Parliament is. [What is the current status of the appointment of the Defense and Interior ministers? And does that have any substantial effect on currency reform?] Very close - yes, balance of power is an issue for the IMF - etc. [Awhile back [Guru] Tlar had posted that the Security Minister would have to be placed for an rv? Your thoughts and have they placed Security Minister yet?] They have not. Soon though...but I do not agree with that as a "have to". [post 1 of 2....stay tuned] 10-2-2014 Newshound Guru TD Comments to share from my Kurdish friend (As always treat all as rumor)…all the PTB's have all gone home till about October 15th and nothing is on the agenda to get done till then which a full plate of things to do : Get the other ministers seats filled, pass additional laws, etc. This is simply NOT a full and functioning government YET.
10-2-2014 Intel Guru SteveI [The Budget, As I read it is still being formulated and awaiting discussion and a possible vote? ] The final budget for 2014 has been formulated (as of this post) and it on the desk of the president of parliament now awaiting for him to call for the official vote. The Kurds and everyone has now signed off on it and there will be no readings of the budget, but the final vote.
10-2-2014 Newshound Guru Breitling We're watching to see if the CBI changes their language and they have not…they still want to reduce the note count. Not only that, but one of the debates was they they were going to take the currency that you and I have with the 3 zeros on it and pretend that those 3 zeros are gone. Well that debate is over with. They are actually printing new 10K note. The popular note in Iraq is the 10K note. If they were going to reduce the note supply by removing the 3 zeros or they were going to retire them they wouldn't take the time or the money and go through the trouble of reducing the note count that they have.
10-2-2014 Intel Guru Okie_Oil_Man GOOD THURSDAY AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. REMEMBER LAST NIGHT WHEN I POSTED THAT WE WOULD HEAR TONIGHT WHAT WE HAVE ALL BEEN WAITING ON?? WELL---LISTEN CLOSELY NOW!!!
10-2-2014 Intel/Newshound Guru tman23 They are raising salaries and the minimum wage worker will receive over $3000 in one lump sum (retroactive Jan 2014)...Understand that raising the salaries and needing imports will be a slow death to an Oil export dependent country...They now need to raise the value of the IQD to give them purchasing power for imports...IMO Parliament and CoM are meeting and reporters claims of such are not groundless...As ridiculous as calling a RV in the midst of chaos and corruption at the present time, the window remains open 10/7 -10/9 to see a monetary shift.
10-2-2014 Intel Guru Frank26 Within our investment ...These are the days of closure. They are also the days in which we now walk on a thin shattered transparent glass road. Know That as You now walk on this newer surface of our investment Each step is poised to collapse and give way to an Iraq without a UNSC Program Rate. In the still of a coming night ...It will give way and happen so fast ...Your world and thoughts will freeze for a few nano seconds trying to comprehend the reality of it all. You may find it hard to believe it has not happened yet but when it does ...That too will be hard to ...Believe.
10-2-2014 Newshound Guru Millionday THEY LAUNCHED THE GOVERNMENT PROGRAMS TODAY AND...THEY HAVE ALSO REPORTED THAT THEY ARE BEGINNING THE ECONOMIC REFORMS -- THE ECONOMIC REFORMS ARE THE MONETARY POLICY -- BANKING REFORMS -- FINANCIAL EVERYTHING -- SO KNOW THAT IT INCLUDES THE ECONOMIC REALITY OF IRAQ ENTIRELY. ...THE FIRST PART OF THE VERY LONG PRESS RELEASE...ANNOUNCED THAT ALL COUNTRIES HAVE BEEN ARRIVING FOR THE LAST COUPLE DAYS FOR THE CONFERENCE OF THE NEW IRAQ. THIS IS A CONFERENCE SO WE WILL SEE WHY THE WORLD IS THERE AND WHAT THEY MEAN BY ACTIVATING ALL GOV PROGRAMS AND MOVING TO THE NEW IRAQ AND SHOWING THE WORLD THE BRIGHT SIDE. SO NOW WE WILL WAIT FOR ACTION AND SEE WHAT OCCURS. [post 2 of 2]
10-2-2014 Newshound Guru Millionday TONIGHT [WEDNESDAY] FOR THEM THEY WERE HAVING A MEETING (NATIONAL ALLIANCE) TO NAME THE MINISTERS OF INTERIOR AND DEFENSE --- THE FEDERAL COUNCIL IS NOT DONE JUST YET BUT THEY ARE IN THE FINAL PORTION WITH THE AMENDMENTS -- THAT IS WHY IT HAS NOT BEEN PUT IN THE GAZETTE YET... THERE ARE MANY MANY LAWS IN PLACE AND READY FOR INVESTMENT AND ALL CHANGES OCCURRING THAT WILL GO INTO LAW WHEN THEY ARE PRINTED IN THE GAZETTE. THEY ARE MOVING TO LAUNCH THE ECONOMIC REFORMS AND ALL REFORMS. THEY ARE IN A HUGE RUSH - SO THEY LAUNCHED THE GOVERNMENT PROGRAMS TO LAUNCH THE MUCH NEEDED PRIVATIZATION FOR THEIR MOVE TO A MARKET ECONOMY. [post 1 of 2....stay tuned]
10-2-2014 Newshound Guru Adam Montana I'm not going to dismiss the seriousness of ISIS, but I am going to discourage a "sky is falling" attitude...the pressure is on everyone to join the fight and push ISIS back, and that's happening. When you're watching the news, remember this - doom and gloom sells ad spots in the media. Happiness and success is often ignored for that reason, and negative stories get hyped beyond reality in order to generate those $$$'s. So, until the RV is announced or a lop is announced... take it all with a grain of salt, be thankful for this opportunity no matter how we walk away from it (hopefully you're learning a lot as we wait!), and stay calm...hopefully the next time I post here it will be with the news we're waiting for.
10-2-2014 Intel/Newshound Guru Poppy3 ...TALKED TO BAGDAD. HE STATES THEY HAVE SCHEDULED AGAIN TOMORROW [THURSDAY] TO VOTE ON BOTH MINISTERS AND THE BUDGET. AS WE SAID TIME WILL TELL. THE GOOD NEWS IS THEY ARE STICKING TO THE PLANS TO GET EVERYTHING SOLVED And HAVE NOT BACKED OFF OR LET UP ON TRYING TO SOLVE THEIR DIFFERENCES. FOR ME I AM PROUD THEY ARE STILL PUSHING ...EVEN THOUGH THEIR TIMING IS ON THE DAY LATE MODE AS USUAL. I AM PROUD THAT ABADI IS STICKING TO HIS GUNS AND HASNT BACKED UP OR LET UP ON THE PROCESS .
10-2-2014 Newshound Guru Millionday [is it really this soon, like for real?] THE VALUE WILL CHANGE FOR GLOBAL TRADE SO THAT WORLD ECONOMICS AND COMPLIANCE IS FOLLOWED -- WHEN IS NOT GUARANTEED BUT IT LOOKS VERY CLOSE BY WHAT IS BEING SAID.
10-2-2014 Intel Guru Blaino FINANCIAL OFFICER...TOLD ME THIS EVENING.... "EVERY TIME WE THINK WE SEE THESE NUMBERS...THEY NEVER EVER CHECK OUT..." "AND I'M ABLE TO SHOW YOU IN MINUTES THAT THERE'S NO VALIDITY TO IT". WELL...AFTER MUCH CHECKING...HE REPORTS...THAT HE CANNOT SAY IT'S SMOKE! HE SEE'S IT SEVERAL PLACES! IT DOES SEEM, TO THOSE THAT ARE SUPPOSED TO KNOW, TO BE AS REAL AS IT GETS AT THIS HOUR! ...MORE AS WE GET AND CONFIRM IT! [post 2 of 2]
10-2-2014 Intel Guru Blaino [For those interested in the Zimbaubwe currency] ZIMBAUBWE! MOVING IT SEEMS! WE WERE ALERTED TO A SITUATION... LATE THIS EVENING [WEDNESDAY] AND TURNED ALL OF OUR RESOURCES TO THE FACT THAT THE ZIM WAS APPEARING TO .... "GO". BLOOMBERG, SEVERAL OTHERS WERE SHOWING IT AT (APPROX) 0.0031. WE ARE STILL UNDETERMINED ON ANY LOP...WE HAVE HEARD...LOP 6 ZEROS. ALSO.... SOME SITES SHOWING ZWL AS A CURRENCY CODE, OTHERS SHOWING ZWB. THE ZIM $100T NOTE AT THESE RATES...ASSUME THE LOP OF 6 0'S...WOULD BE: 100,000,000 X .00310217 = $310,217.00 EACH. [post 1 of 2....stay tuned] 10-1-2014 Newshound Guru Adam Montana [ I have 2 questions. 1)if HCL is approved,do you think there are any other obstacles that can interfere for RV? 2)how about the progress of HCL,is it bad or good?] I really don't see anything else - in order for the HCL to go through, the other obstacles need to be handled, and that's what they are doing right now... so I'd say it's going good!
10-1-2014 Newshound Guru Millionday WE ARE IN SUCH A DIFFERENT PLACE IN OUR INVESTMENT…WE HAVE HAD MANY LAWS PASSED IN THE LAST DAYS…AND ALL OF GREAT GREAT IMPORTANCE [Article] Parliament will form a special committee for the application of Article 140...THEY ARE SETTING UP THIS COMMITTEE TO KEEP ALL ISSUES CALM SO THAT THE APPLICATION OF ARTICLE 140 IS PER AGREEMENT… IT IS VERY OBVIOUS HERE THAT THE KURDS HAVE ANNOUNCED THAT THEY ARE VERY HAPPY IN THE PRESS WITH THE FEDERAL GOV…. HUGE CHANGE FROM WHERE WE BEGAN AND WHERE IRAQ HAS BEEN FOR ALL OF HISTORY… I REPORTED THAT THE KURDS HAVE JOINED THE GOVERNMENT AND THEY HAVE A TRUE UNIFIED GOV NOW
10-1-2014 Intel Guru OkieOilMan GOOD WEDNESDAY NIGHT AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. BY THIS TIME TOMMOROW YOU SHOULD BE HEARING THE NEWS THAT WE HAVE ALL BEEN WAITING TO HEAR. ALSO TONIGHT THERE WILL BE SOME HAPPY CAMPERS ON THE "LEFT COAST". REMEMBER WHEN THIS BLESSING OCCURS CONSIDER THIS--"WHAT YOU HAVE OBTAINED CHEAPLY DON'T ESTEEM TO HIGHLY". THERE SHOULD BE MORE DEFINED INTEL SHORTLY.
10-1-2014 Intel Guru Frank26 When they return a week from tomorrow ...IMO THE HCL will be in a perfect environment and ...Position of ...Check Mate.
10-1-2014 Newshound Guru Lojak Article quote: "the Ministry of Finance and Treasury that Iraq suffers from a financial deficit caused by the scary former Prime Minister Nuri al-Maliki could lead to cut the salaries of state employees in the coming months." the fact is that they are broke and have huge needs to move forward with monetary reform. Broke is broke and they need to pay many many bills. When banks over there in the green zone have to close regularly because they cant get cash from the CBI...thats not good. They have been limping along for 8 months, getting just enough denoms to survive 3 days at a time.-- and thats not an example of cashflow poor(aka broke) I dont know what is.
10-1-2014 Newshound Guru Adam Montana [ I am led to believe that there will be a pool of $$$$ for the higher rates but when that pool is used up you will have to accept a lower rate. It is on a first come first served basis so you want to get to the bank ASAP. Any input on that?] I'm going to say that's absolutely false - the rate is the rate, and in fact it may end up going UP as demand for it increases. Some people are under the impression that once the value raises, everyone and their mother is going to race to dump it. I strongly disagree with that idea - some people will race to the bank, but plenty of smart investors will actually be in BUY mode, which will have an effect on the value. Here's what I know for sure - There is no "pool" reserved for the first X dinars...
10-1-2014 Newshound Guru Lojak Article: "Parliament rapporteur: Minister Kurds will perform the constitutional right just after the Eid" they have struck a deal...an emergency session is in the very near future (not in the coming days...) lol.
10-1-2014 Newshound Guru Adam Montana ISIL/ISIS: There is no way the IS problem will ever be truly and completely eradicated, so the best we can realistically hope for is successful containment. With that said, there are continuing reports of IS militants being driven back, out of Iraq. ...the bottom line is that IS is less and less a major concern in Iraq as they are being dealt with, the budget resolution is in motion, and HCL won't be far behind that. [post 2 of 2]
10-1-2014 Newshound Guru Adam Montana Current situation: Budget: We are extremely close to seeing the budget passed, and in such a way that the Kurds will be happy with it. In fact, Salim Al-Jiburi (the Iraqi speaker) did meet with Yusuf Mohammed (speaker of the Kurdistan region’s parliament) just earlier today, and preliminary reports are showing that they are in agreement on how to move forward. In regards to the budget, it's interesting to know that more than 20% of the Kurdish regions people are on Government payroll, and that actually accounts for over 70% of the public spending (the money that Baghdad sends to them)... so not only do they want to resolve this quickly, but these are the same government officials who will be pushing hard for an increase in the value because it literally goes right in their own pockets when it happens! [post 1 of 2....stay tuned]
10-1-2014 Newshound Guru Lojak Article: "Parliament to resume its sessions on October 14, 2014" there will be emergency sessions well prior to that date... [Can Parliament swear in the Kurdish MPs before the 14th? Articles are saying the 2 month salaries can not be paid until they take the oath.] yes they can, just need an emergency session of Parl.
10-1-2014 Newshound Guru tlm724 Article: "Breaking News Parliament to resume its sessions on October 14, 2014" Abadi wants this budget passed asap but they can't do it UNTIL they come to a consensus with the kurds. they have to have inclusion or the country will fail and with their failure comes our failure...trust me when I say it must be done right this time, erasing the mistakes of Maliki is a huge job...
10-1-2014 Newshound Guru Kaperoni Article: "Council of Ministers asked the financial rewrite the budget deficit for the great" Good progress. The CoM will get the revised budget for 2014 to parliament this week. They have to start over reading it 3 times but we could have this approved mid October. [Didn't I see a new mandate where they only needed to read laws twice?] we will have to wait and see. In any case, it hopefully will pass within a week or so.
10-1-2014 Intel Guru Frank26 Headlines sound like a plan to vote on the budget after the GOI returns, however, articles also state that with or without the budget, the MR (Monetary Reform) will move forward. Article that the Kurds will be paid with the advancement of the budget; all of things are good for our investment. Article states that Abadi is waiting for financials to come to him, and also states that salaries will be paid before Eid; according to the COM, the payments to the Kurds is coming out of the 2014 budget, and the 2014 budget can only deal in IQD, they cannot use USD or other currency. Can the 2014 budget still contain a program rate of 1166? If it does, how could they be paying salaries? The MR is white hot, and the holiday break is a way to cool it down to accomplish what needs to be finished. [post 2 of 2]
10-1-2014 Intel Guru Frank26 The GOI is going on vacation on Saturday, Oct 4 and will return on Thursday, Oct 9 now...when the GOI returns, IMO, they will proceed with the MR [Monetary Reform]. Abadi is working on reform of 27 laws, and these must be finished before we can see an IR [International Rate]; he has until the end of 2014 to accomplish this, but we will see when the GOI returns on Oct 9 how long he takes; some of these pertain to the Erbil agreement. The budget is being audited now, and this is why we saw Barzani run to Baghdad; is the HCL being added to the budget? The disputes between the Kurds and Baghdad are settled IMO because he believes the Kurds have seen the budget and know it is very good for them. [post 1 of 2....stay tuned]
10-1-2014 Newshound Guru Kaperoni Iraq is making progress and the last month or so a significant shift towards passing laws and working to help the Iraqi people is happening. No doubt. But we need to be realistic that it may take another month or two for them to accomplish what is needed to create the right climate to open the economy in Iraq. Any change in dinar value will come as a result in Iraq's economic progress. We need to be patient and let it come to us.
10-1-2014 Intel/Newshound Guru tman23 Confirmed everybody is getting paid this week in Iraq...There is to be a planned announcement Wednesday evening. 9-30-2014 Intel Guru Delta [via BulldogFord65] all good news in Iraq right now, the 2 remaining ministers (interior and defense) need to be named, 50/50 chance that we’ll see it before the holiday; Kurds look happy and building trust and confidence with Baghdad; finance committee, COM all asking why the 000 have not been deleted; IMO, if we don’t see anything before the holiday, the second week of Oct after they come back from holiday will be very interesting.
9-30-2014 Intel Guru Delta [via BulldogFord65] all good news in Iraq right now, the 2 remaining ministers (interior and defense) need to be named, 50/50 chance that we’ll see it before the holiday; Kurds look happy and building trust and confidence with Baghdad; finance committee, COM all asking why the 000 have not been deleted; IMO, if we don’t see anything before the holiday, the second week of Oct after they come back from holiday will be very interesting.
9-30-2014 Newshound Guru Millionday [ I gather...the budget did not get passed today?] THE BUDGET WENT TO PARLIAMENT BUT WITH NO OIL FIGURES AND THEY HAVE ASKED FOR THOSE FIGURES SO THAT PARLIAMENT WILL TAKE IT. THEY HAVE BEEN WORKING ON IT INTO THE NIGHT AND I THINK THEY WENT HOME TO COME BACK EARLY AND FINISH. [any word on ministers getting seated?] ABADI STATED THAT THE LAST TWO WOULD BE BEFORE HOLIDAY AND IS CALLING AN EMERGENCY MEETING.
9-30-2014 Intel/Newshound Guru tman23 "In a statement, said the Council had received (treasures media) a copy, "the holiday of Eid al-Adha will begin from Saturday until Thursday of next week." it is now official. Baghdad – Prime Minister announced, Tuesday, that the holiday of Eid al-Adha begins Saturday and ends on Thursday next week.
9-30-2014 Intel/Newshound Guru Poppy3 WE ARE WITHIN THE LAST 48 HOURS OF THEIR DEADLINE ON BUDGET, LAWS, MINISTERS BEING COMPLETED. OUR QUESTION IS HOW MANY DEADLINES WILL THEY MAKE AND WILL THEY FINISH BEFORE THEIR HOLIDAY OR WILL THEY WORK INTO THE HOLIDAY TO FINISH? TODAY IS A EXCITING TIME FOR ALL IRAQ AND FOR YOU AND I.
9-30-2014 Newshound Guru OOTW AT THE PARLIAMENT SITE - THE FEDERATION COUNCIL BILL IS LISTED AS "PASSED LEGISLATION" IT ONLY NEEDS TO BE UPLOADED TO THE GAZETTE NOW TO BE ACTIVATED. THE FEDERATION COUNCIL ARE GUIDELINES WHICH UNAMI HELPED IRAQ TO DEVELOP WHICH SETS UP A GOVERNING BODY OVER THE ENTIRE IRAQI GOI AND LAW SYSTEM. IT'S TO BE COMPOSED OF FIVE HEADS AND TWO REPS FROM EACH PROVINCE. THEIR WORK OVERSEES ALL MAIN MINISTRIES AND PROJECTS. BECAUSE I CANNOT GET A FULL COPY OF THE UNAMI MANDATE I CAN'T SEE EVERYTHING, BUT THE WORD IS THAT IF MAHMOUD WANTS TO OVERTURN A LAW PRESENTED BEFORE HIM, WHICH HAS BEEN PASSED BY PARLIAMENT, THE FEDERATION COUNCIL CAN GIVE THE GO AHEAD TO IMPLEMENT THE LAW. IT TAKES MORE CONTROLS AWAY FROM A PM AND THE SJC...DISTRIBUTES POWER MORE EVENLY. [i.e. "inclusive" gov't?] EXACTLY. [So that's part of the power sharing agreement?] YES.
9-30-2014 Intel Guru WILDDUCK THERE IS NO GCR FOR DUMMIES BOOK DOWN AT BARNES AND NOBEL. THEY ONLY HAVE ONE CHANCE TO GET IT RIGHT. [seems like we just might be getting close!] THAT IS CORRECT, I BELIEVE WE ARE VERY CLOSE. [So..." Any Second Now " ?] I CONCUR WITH YOU. ...KNOW THAT THE EARTH ROTATES VERY FAST BUT YOU DO NOT FEEL IT, SO LIKE THE RV /GCR JUST BECAUSE YOU CANNOT SEE IT OR FEEL IT DOES NOT MEAN HUGE STRIDES ARE NOT TAKING PLACE. IMO WE ARE VERY CLOSE AND YOU CAN TELL BY THE LACK OF REAL NEWS. REMEMBER THIS IS A WORLD EVENT NOT JUST IRAQ. ALL THE PIECES HAVE TO BE IN THE RIGHT PLACE. THERE IS ONLY ONE CHANCE TO GET IT RIGHT. THERE IS NO DO OVER .
9-30-2014 Newshound Guru Lojak Article [via snowflakes] : "Cabinet decision paying salaries to staff " Quotes: "Magda al-Tamimi said Chairman of the Finance Committee in the House of Representatives interim cabinet did not reach a final decision on the salaries of the staff of the Kurdistan Region." "She said through a statement to Al-Tamimi Kordsat News: The Council of Ministers will hold a meeting tonight with the Interim Finance Committee in the House of Representatives for a final decision on the salaries of employees of the province of Kurdistan." Its the key to moving forward in a big way on many, many things. Based on information I just received, I have big faith that a positive result will come of this meeting.
9-30-2014 Newshound Guru Millionday AN EMERGENCY MEETING WILL HAPPEN BEFORE HOLIDAY -- THE KURDS HAVE JOINED THE GOV AND HAVE 4 MORE POSITIONS -- THEY WANTED 5 -- THE MEETING IS TO ANNOUNCE THE ENTIRE MINISTRY - THE BUDGET IS GOING TO PARL TOMORROW --- AND THEY FINISHED IT -- THE KURDS AND FEDERAL HAVE AGREED ON GOV AND THEY HAVE JOINED OFFICIALLY AND THE WAGES WILL BE THERE BEFORE HOLIDAYS WITHIN TWO DAYS THEY SAID. THE MEETING IS TO ANNOUNCE...AND WHAT I HAVE IS THEY ARE SWORN IN.
9-30-2014 Intel Guru MarkZ Ok so the weekend wasn't what I had hoped for...
Things were happening though and I am 'ok' with the progress.
9-30-2014 Newshound Guru Lojak Article: "Iraqi President: Baghdad Will Send Kurds’ Salaries Before Eid" Quote: "It is expected that in the Tuesday [today] meeting, the Baghdad government finalise a decision about sending the budget of the Kurdistan Region." I think this is needed still...this hopefully will get the Kurds engaged in the government and help vote the missing ministers in.
9-30-2014 Newshound Guru Millionday THE RATE RIGHT NOW IS 1166 -- THATS ALL. IT DOESNT MATTER IF 18 BACK ROOM MEETINGS GO ON AND THEY INVITE ALL THEIR FRIENDS -- THE ONLY ONE THAT CHANGES THE RATE IS CBI -- PERIOD. UNDERSTAND IF THE RATE IS NOT ON CBI -- IT HAS NOT CHANGED -- NO IF ANDS OR BUTS.
9-30-2014 Intel/Newshound Guru Poppy3 ...THE NEXT 48 HOUR OR LESS SHOULD SHOW UP WHAT THEY HAVE COMPLETED AND IF ALL IS COMPLETE THEN THE RATE CHANGE SHOULD FOLLOW VERY QUICKLY AFTERWORDS.
9-30-2014 Intel Guru DC [via Already Blessed] ...PLEASE KEEP IN MIND THAT THE GAZETTE IS PHYSICALLY LOCATED IN THE LAW LIBRARY IN BAGHDAD AND HAS NOT BEEN ONLINE FOR A FEW YEARS. HE WAS SURPRISED AND CONFUSED AS TO HOW THEY COULD PUBLISH ASPECTS OF THIS WITHOUT THIS BEING AN RV. HE THEN WENT TO THE CBI PEOPLE AND ASKED THEM HOW IT COULD BE PUBLISHED IN THE GAZETTE AND NOT HAVE A RV…"IS THIS ACCURATE!” AND THEY SAID, “YES, IT IS ACCURATE BUT WE JUST HAVEN’T DONE THE RV YET.” IT WAS ALSO RUNNING ON ALL THEIR TV SHOWS. [reference Guru DC post 9-29-2014]
9-30-2014 Newshound Guru Lojak b Once that vote is concluded positively, a whole chain of events will start. The Kurds will then show up in Parliament and support Abadi for his choice of security ministers--because they have 60 votes, which will put Abadi in the drivers seat on any vote he needs. And of course, Iraq doesnt have 4.5 billion laying around, they will need to quickly Rv the currency to pay not only the back salary, but they need to pay their own army, retirement salary, blah blah. Abadi NEEDS the Kurds to get things done. [post 2 of 2]
9-30-2014 Newshound Guru Lojak ...let me explain the goings on, so some on here can be up to speed. There are two Kurds on the Council of Ministers (the cabinet) that were voted on in Parliament --but actually have not been sworn in and havent participated in the cabinet activities as of yet. The kurds want their money, as least a written assurance they will have it soon--then they will participate in the cabinet. The articles yesterday suggesting that they had the support to get a large chunk of money ( some say 4.5 billion) in back salary were the start to what we need. One assumes based on the one MP from Kurdistan that Abadi has the support to get this done in the Cabinet meeting today. [post 1 of 2....stay tuned]
9-30-2014 Intel Guru Frank26 [via BulldogFord65] the budget is in the house and IMO, they still need to read it, and may take a couple of weeks to pass the budget, however we have seen oil tankers leave so perhaps they are already operating under the budget but it is not yet visible; perhaps in the next couple of weeks we will see more of the budget; there may be a domino effect set off by the budget; many items depend on what is it...it’s very possible that the budget does not contain the program rate, which would explain why it’s being guarded so closely. MR [Monetary Reform] is moving forward. IMO, we may see the seated GOI soon. 10/1 is “super hot, brilliant hot” for seeing the GOI emerge and possibly begin to reveal some of the budget through 10/10; if the budget is not revealed by 10/10, we look to 19th – 20th all of 2014; these dates are time frame studies to watch the GOI, budget, laws, MR.
9-30-2014 Intel/Newshound Guru tman23 Forget the budget...First they need to seat the Kurd ministers and as of now, Kurds request that Shaways to be moved from Finance Minister to Deputy PM and Zabari from Deputy PM to FM... such action takes a Parliament hearing...Abadi an Jabouri are discussing a special Parliament session which would seat the security ministers before Eid...And then the discussion if a quorum could be reached...Those expecting a RV this week will be disappointed once again...But 10/7 to 10/9 is a window to keep an eye on.
9-30-2014 Newshound/Intel Eagle1 [via BulldogFord65] IMO, everything is where we want it to be.
9-30-2014 Intel Guru Frank26 There is an internet rumor that the rate is in the Gazette – NO, it is not. [the Gazette is a real law library of the judicial arm of the GOI, the real website did not have a rate published...]
9-30-2014 Intel Guru EXOGEN October 1st we are looking for a number of things. 1. Bills to be paid 2. Approved Budget 3. The process of salaries in motion 4. LIVE RATE. [See the possible "to do list" in the Dinar Guru Resource Bar on the left]
9-29-2014 Intel Guru TerryK I'M HEARING THAT WE STAND A GREAT CHANCE AT THIS TOMORROW NIGHT...BANKING NIGHT. THERE IS TALK OF A LOWER RATE. THE SAME RATE THAT KUWAIT HAS CURRENTLY. THIS WILL FLUSH OUT TRILLIONS OF DINAR. KEEP IN MIND THAT THIS WAS THE ORIGINAL AGREEMENT BETWEEN IRAQ AND KUWAIT. .50 ONE WAY OR THE OTHER. 3.50 PLUS.
9-29-2014 Newshound Guru Lojak Article: "Kurdish Civil Servants to Receive Eid Salaries from Baghdad" Quote: "The Iraqi central government approved the salaries of the (Kurdistan) Region for the months of August and September before the holiday of Eid al-Adha," This article, if true, is supportive of what we need to see. The Kurds havent actually been active in the new government because they want to be paid. As the article says, they are owed 9 billion -- Iraq doesnt have the money now. This however should trigger several things 1) the Kurdish Ministers becoming sworn in on the Council of Ministers 2) which in turn should get the Kurds to turn out and vote with Abadi for his choice of the 2 ministers...all of this is interrelated. The HCL is basically already done, which is part of the platform that all blocs voted on a while back. They cannot pay the Kurds without RV. Shabibi and Abadi have the button at this point...just be patient.
9-29-2014 Newshound Guru Chattels some are saying that a rate(s) are being posted...just beware that all gazettes are not the gazette.
9-29-2014 Intel Guru Mnt Goat Update on the 27 Reforms - Many of these reforms are just replacing many of the Erbil agreement items of the 2009-2010 Erbil meeting. Like with the Erbil agreement, Abadi also has timelines to get these 27 reforms completed. The USA and the UN are not going to budge on the RV until these are completed. Do they all have to be completed prior to an RV? The farthest out timeline for many of the items is 3 months. So we do know they intend to complete all these reforms by January 2015. I believe the critical issues in the Erble agreement, as a minimum, must be implemented prior to any RV...they are 4 years behind schedule due to Maliki. They are attempting to catch up fast.
9-29-2014 Intel Guru DC Bottom line is that everyone is jubilant right now. We are expecting the full RV on or before the 1st. With the announcements in the Gazette and on tv and in the banks, we understand everyone is ready. My understanding is that the $3.58 is the final number. It’s a final coordination between Iraq, the BIS and the IMF. We are just waiting on this last little thing from Iraq. I’ve been told the US is out of the picture, and we are supporting this behind the scenes. In the US everyone is geared up and ready go, and expecting this now. [As of now, only Guru TNT Tony's camp is reporting this...we await confirmation one way or the other from other gurus and ultimately a guru consensus--stay tuned...]
9-29-2014 Newshound Guru Millionday THEY HAVE ALSO RESOLVED THE ISSUE WITH THE OIL AND THE BUDGET WILL BE FOR VOTE IN THE NEXT DAY OR TWO. THE HCL HAS BEEN DONE THEY ADDED A FEW CHANGES AND IT IS WAITING FOR AGREEMENT WITH THE KURDS -- AND GUESS WHAT -- AGREEMENT IS HERE...THIS IS HUGE NEWS. WE ARE IN AN ECONOMIC INVESTMENT IN ACTUAL CURRENCY IN THIS COUNTRY`S CURRENCY SO WE HAVE TO FOLLOW THE MONEY AND THEY ARE SAYING THAT THE ENTIRE BUDGET FOR THIS YEAR IS GOING TO BE BEFORE PARLIAMENT TOMORROW. [ ...will the CBI wait until the budget is opened and approved?] I WILL TELL YOU IN THE INK...A PRESS RELEASE...IT SAYS ANNOUNCED FROM CBI THAT THEY WILL MOVE FORWARD WITH OR WITHOUT THE BUDGET AND FUND IT WITH THE INTERNATIONAL INVESTMENT MONEY. [post 2 of 2]
9-29-2014 Newshound Guru Millionday THE KURDS AND THE FEDERAL GOV...HAVE RESOLVED. PAYMENTS WILL BE MADE FOR BACK PAY AND MONEY IS GOING TO START MOVING. THIS IS IN THE BUDGET. SO THEY ARE SENDING MONEY BEFORE THE FEAST ON THE 4TH. THE BUDGET IS TO BE LAUNCHED AND THE KURDS ARE IN IRAQ BAGHDAD IN MEETINGS WITH FEDERAL GOV. [So the payback will be with Dinars instead of USD'S?] YES DINARS. THE KURDS WANTED MORE POSITIONS IN THE GOV. IT WAS AGAINST WHAT THEY WERE PROMISED AND...THE MOVE TO CHANGE IT IS DONE. THEY GOT 4 MORE IN KURDISTAN...ABADI IS CALLING AN EMERGENCY SESSION BEFORE THE HOLIDAY TO ANNOUNCE THE MINSTERS. I DONT KNOW EXACTLY WHEN -- ALL WE HAVE IS BEFORE THE HOLIDAY AND ALSO RIGHT AFTER FEAST A HUGE PRESS CONFERENCE. [post 1 of 2....stay tuned]
9-29-2014 Intel Guru TNT Tony [via Adept1] Great news – Iraq has published an exchange rate of $3.58...in black and white in the gazette... It’s been verified by Iraqis who read in their own language and can understand what it means. I was trying to find the numbers for the Iraqi dinar and the Kuwait dinar. They put this in the Gazette, we looked at the numbers, and I saw they were 1:1. We checked with multiple Iraqi sources, and they confirmed that we did that correctly – that one Iraqi dinar = one Kuwaiti dinar, and one Kuwaiti dinar = $3.58. There is one other matter being negotiated this moment, it could happen any time in the next 48 hours. It’s been published and if it doesn’t happen by then, they will have real problems with ISIL. Everything we can see for ourselves in the mosques, newspapers and television is indicating the 1st or sooner. It’s looking really, really good... [As of now, only Guru TNT Tony's camp is reporting this...we await confirmation one way or the other from other gurus and ultimately a guru consensus...They're trying to determine what Guru TNT Tony is seeing--stay tuned...]
9-29-2014 Newshound Guru Lojak Articles: "Indicators to solve the oil dispute between Baghdad and Erbil" "Expectations of the arrival of the draft budget to parliament on Tuesday" More great news...the COM is going to front a few months of salaries for the Kurds. When the budget passes (and it should be quicker than they say) they will get all the rest of the money they deserve.
9-29-2014 Intel Guru Mnt Goat What transpired on 9/7 - 9/8 by announcing a “fully” formed government was all very legal and intentionally done. They announced a fully formed government to get the UN resolution to form a legal coalition to enter Syria and fight ISIS. Iraq was at a critical point and needed support to begin operations which was very apparent. There was also a constitutional deadline and missing it was not an alternative. Missing this deadline meant starting all over. They are now in this process of replacing the proxy ministers. It could take weeks or months to do this but they are able to move forward in so many other areas too, even with the proxy ministers. I am hearing the voting for confirmation of these ministers is once again on the agenda for early this week in parliament. [post 2 of 2]
9-29-2014 Intel Guru Mnt Goat ...over the weekend a request went out to the speaker of the house to hold a special session prior to Wednesday to vote and to confirm the last of the few ministers. These are replacement ministers that were rejected already (some twice) on the confirmation process by parliament. Abadi is targeting this confirmation prior to the upcoming holiday of Eid al-Adha (begins in the evening of Saturday, October 4, 2014, and ends in the evening of Sunday, October 5, 2014). They still do not have a permanent Defense and Interior ministers. [post 1 of 2....stay tuned]
9-29-2014 Newshound Guru Stryker THIS SURE LOOKS LIKE THE WEEK EVERYTHING COMES TOGETHER.
9-29-2014 Intel/Newshound Guru tman23 So the PUK website and the Minister of Finance both informing the public that the salaries are going to be paid before Eid...TO ME IT SPEAKS VOLUMES THAT AN AGREEMENT IS COMPLETE.
9-29-2014 Newshound Guru Lojak Article: "Kurds joining the government Abadi and staff salaries region before Eid" Quote: "Prime Minister Haider al-Abadi said the cabinet will hold a session during the next few days to discuss sending an advance to the Kurdistan region to secure the salaries of its employees...Kurdish delegation arrived in Baghdad and Minister Kurds are ready to join the government" This is really big news, what we need to happen to get the whole thing rolling!! Iraq is broke...at least the govt. (not the CBI). They cant be paid without some cash...they cant pay kurds, the peshmerga, the Iraqi army etc without the new monetary reform... In simple language, that's it.
9-29-2014 Intel/Newshound Guru Poppy3 CALL JUST CAME IN...HE SAYS ALL FOCUS HE CAN HEAR IS THAT THEY STILL EXPECT TO FINISH THE GOI AND THE BUDGET BY TOMORROW. (WE SHALL SEE ) HE STATED THEM FINISHING THE POST AND RELEASING THE BUDGET DOES NOT GUARANTEE A RV BUT HE AND THE COL BOTH STATED THEM HAVING THESE COMPLETED SURE COMPLETES THE GROUNDWORK AND THERE IS NO OTHER REASON THAN FINANCIAL REFORM AND RAISING THE RATE FOR THEM TO BE PUSHING FOR COMPLETION. THE PEOPLE ON THE STREETS ARE EXPECTING ABADI TO GET THINGS DONE THAT SHOULD HAVE BEEN DONE YEARS AGO. THEY STILL BELIEVE ABADI WILL MAINTAIN A ALL INCLUSIVE GOI AND THE PEOPLE WILL BENEFIT.
9-29-2014 Newshound Guru Millionday CBI HAS ALSO ANNOUNCED THAT THEY WILL FUND THE ECONOMIC REFORM WITH THE INVESTMENT FUNDS IF THE GOV DOES NOT AGREE ON THE BUDGET BEFORE THE ECONOMIC REFORM IS LAUNCHED. THEY ANNOUNCED THAT THEY WOULD OPEN THE BUDGET BY OCT 1ST IN THE PRESS TO THEIR CITIZENS. [I've read that salaries have to be paid prior to EID - any truth in that?] THE GOVERNMENT STATED THAT THEY WOULD PAY THEM BEFORE THE HOLIDAYS BUT NO THEY DONT HAVE TO -- THE CITIZENS ARENT GOING TO LIKE IT IF THEY DONT. [how can the cbi be so bold to open up the reforms when the gov demanded them not to?] THEY ARE INDEPENDENT AND ACTUALLY THE GOV IS ASKING THEM TO OPEN ALL ECONOMIC REFORMS NOW. THEY HAVE ALL RIGHTS TO APPLY THE EXCHANGE RATE. [post 2 of 2]
9-29-2014 Newshound Guru Millionday THE AMENDMENTS ARE DONE -- THE PARLIAMENT WILL MEET ON TUESDAY AND THE AGENDA IS INCLUSIVE OF THE BUDGET...BUT THEY HAVE ALSO SAID THEY HAVE AMENDMENTS THAT THEY WILL NOT LOOK AT UNTIL AFTER THE HOLIDAYS -- SO WE WILL WAIT. THE KURDS ARE VERY HAPPY WITH THE BALANCING OF FUNDS AND PREPARATION...THE BUDGET IS READY AND WILL BE BEFORE PARLIAMENT SO THEY CAN MOVE FORWARD. [when the kurds are all in agreement with the gov then HCL is done? This and erbil I see as holdups.] IT HAS TO BE ACTIVATED -- WITH EVERYTHING ALL AT THE SAME TIME -- THERE IS NO HOLD UP AT ALL WITH THE HCL. [post 1 of 2....stay tuned]
9-29-2014 Newshound Guru Chattels watch to see who the interior minister will be...it appears that Ameri is Maliki's man and if Ameri is "in" then Abbadi has his hands full with the influence of Maliki in his government.
9-29-2014 Intel/Newshound Guru Poppy3 WE HAVE SO MANY THINGS HAPPENING THE RATE HAS TO HAPPEN ANYTIME NOW. ...GOT A CALL 5AM IN IRAQ AND THEY SAID BOMBING HAS ALL BUT STOPPED IF ISIS AND THEY ARE EXPECTING TO SEE RATE ANYTIME. [a call from who?] FRIEND THAT LIVES 3 BLOCKS FROM OUR EMBASSY.
9-29-2014 Newshound Guru tlm724 Article quote: "According to Najib, the "head of the government committed itself to solving the outstanding problems with the Kurdistan including the salaries of the staff of the region", and followed that "negotiations and dialogues between the federal government and Kurdistan is still ongoing, and in the case to reach an agreement, it will accelerate in the enrollment Minister Kurds cab of government." it is all coming together! not quite as quickly as we wanted but still it's tremendous progress for sure. Quote: "in the case to reach an agreement, it will accelerate in the enrollment Minister Kurds cab of government." that would be an inclusive GOI!
9-29-2014 Newshound Guru Chattels [when does the holiday end?] Istani says that the holiday begins on the 5th, the Kurds have declared the 8th...the CBI shows the Eid as a four day holiday...the Kurds are talking about a full week...so like many things in Iraq, there is no uniform or universal answer to your question.
9-28-2014 Newshound Guru Millionday THEY ARE SAYING...THAT THIS IS THE TIME THAT THEY NEED TO TAKE TO MOVE TO THE ADVANCEMENT OF THE NATIONAL ECONOMY...NOTHING IS BEING DELAYED AND...THEY ARE MOVING FORWARD WITH EVERYTHING WE ARE WAITING ON...THAT INCLUDES THE MONETARY POLICY. BECAUSE OF THE BETTER SECURITY SITUATION THEY ARE CALLING THE GLOBE TO COME IN AND INVEST BECAUSE THEY ARE MOVING TO A MARKET ECONOMY...THEY WILL HAVE TO HAVE A RATE FOR THEIR DINAR BECAUSE, THE DINAR NEEDS A PRICE THAT MAKES SENSE IN ALL COUNTRIES TO DO BUSINESS WITH ALL OF THEIR COMPANIES ENTERING THE GLOBE...THEY HAVE NO TIME TO WAIT. THIS IS GREAT AND SHOWS US HOW COMPLETE EVERYTHING IS AND HOW CLOSE THEY ARE TO REFORMS BEING COMPLETE. [post 2 of 2]
9-28-2014 Newshound Guru Millionday THE GOVERNMENT PROGRAM IN ITS ENTIRETY IS BEING LAUNCHED FOR THE ECONOMIC REFORMS AND ALL REFORMS. THEY ARE SAYING THAT THIS IS THE BEST TIME AND IS THE TIME ALL OF IRAQIS AND INVESTORS HAVE BEEN WAITING ON FOR IRAQ. [do you think they will hold off until oct or even 2015?] I DONT KNOW THE DATE ...BUT THEY SEEM TO BE IN A MUCH BIGGER HURRY THAN 2015 DUE TO THE BUDGET BEING DONE FOR THE REST OF THIS YEAR. ...EXPERTS TO HELP ACTIVATE THE BANKING FOR THE PRIVATE BUSINESSES/SECTOR HAS BEEN CALLED TO THE BANKS TO WORK TO SUPPORT THE DEVELOPMENT OF IRAQ...BANK PREPARATION. [post 1of 2....stay tuned]
9-28-2014 Intel Guru TNT Tony Good times are on the way (great news today). Be ready so you don't have to get ready.
9-28-2014 Intel Guru EXOGEN SOMETHING HUGE DID HAPPEN, LIKE MEGA GIGANTIC 4 REAL!!! 100% IN OUR FAVOR...CROSSED THE POINT OF NO RETURN NOW IT LOOKS LIKE...
9-28-2014 Intel Guru TD Comments to share with my Kurdish friend (As always treat all with rumor). He points out a very interesting development worth noting and that is the NEW 10K note is NOT available outside the controlled areas within Iraq. I've checked with several suppliers and this is the case and NO ONE indicated they will have them. VERY INTERESTING since the exchanging of these new notes has been going on (in house) for some time now. He further indicates that shortly here in October the CBI will release a confirming article of the newly enhanced security notes of 5K, 25K and 50K all due for release in the next 90 days although a precise date is unclear at this moment. It will be MOST TELLING if these new notes also will not be available for purchase outside the controlled areas within the country as well.
9-28-2014 Newshound Guru Chattels the CBI has yet to correct what appears to be an identical post for Sat and Sun auctions and there is no updated market price for the last three auctions.
9-28-2014 Newshound Guru Lojak Article: "Party Barzani: Kurds Ministers will then be sworn before Eid al-Abadi and pledged to implement the demands of the region..." Quote: "Announced the Kurdistan Democratic Party led by President of Kurdistan, Massoud Barzani said "the Kurdish minister in the federal government will perform the constitutional oath before the holiday of Eid al-Adha." If this ends up being true, then we are really looking good folks...This is what needs to get the whole ball rolling...
9-28-2014 Newshound Guru tlm724 Article quote: "the central bank has taken several measures to develop the work of the Office of the Money Laundering Reporting where he was completing amend the draft law on combating money laundering and terrorism financing by the IMF..." the CBI has this covered and they are implementing all the necessary measures to comply so they can move forward with the economic and currency reform! ya gotta love that!
9-28-2014 Intel/Newshound Guru Poppy3 NEWS IS GOOD NO SETBACKS AT ALL WE JUST HAVE TO WAIT AND WATCH FOR FURTHER PROGRESS. THE HCL AND 140 BOTH REQUIRE THE RATE BEFORE THEY CAN BE IMPLEMENTED. I HAVE ALWAYS SAID THESE WILL BE ALMOST SIMULTANEOUS IN TIMING. 3 TO 4 DAYS FROM TODAY EXPECT TO HAVE ALL MINISTERS SEATED, THE BUDGET PASSED AND THE BANKING LAWS BASKET VOTED ON. THESE ARE WHAT THE DEADLINE WAS SET TO INCLUDE/ TIME WILL TELL VERY SOON.
9-28-2014 Intel/Newshound Guru tman23 Rumors are saying maliki has planned a demonstration against Abadi on Sept 30th and protesters will be carrying banners for Abadi to "go" (leave office)...
9-28-2014 Intel Guru TD Additional comments to share from my Kurdish friend (As usual treat all as rumor). The CBI should be releasing another article within the next couple-3 weeks confirming the soon to be released NEW 5K, 25K and the all new 50K notes with the enhanced security features. The integration and exchanging (in house) will then continue as is currently being done with the NEW 10K note. Have you noticed BTW that no currency exchange locations have for sale the new 10K notes?? I've been told the various reasons why but I'll let you debate that for yourselves. Same will be true for the newly printed notes which are still on target to be released during the last quarter of this year.
9-28-2014 Intel Guru EXOGEN This is going to be an interesting day! THERE ARE 2 PLANS RUNNING SIMULTANEOUSLY 1 PLAN WE WANT, AND THE OTHER PLAN WE DO NOT WANT. Basically the FAT cats in GOI, VP's, MP's cannot get their money either, until BUDGET is passed, so there is now additional PRESSURE added... It’s the Final Countdown!
9-28-2014 Newshound Guru Millionday ALL THE CITIZENS THAT ARE TO RECEIVE PAY ARE NOT IN IRAQ -- AND ALSO THE FUNDS ARE REPORTED TO BE ON A VISA CARD AND USABLE IN AND OUTSIDE OF THE COUNTRY -- SO IF THIS IS COMPLETED THEY WOULD HAVE TO APPLY WHAT RATE THEY ARE GOING TO EXCHANGE AT AND SET VALUE AND INTERNATIONAL RATES FOR THE AGREEMENTS THAT ARE DUE WHEN THE BUDGET OPENS AND ALSO FOR THE CITIZEN AND PROVINCE DISTRIBUTIONS. SO THIS IS WHY EVERYONE IS VERY EXCITED RIGHT NOW...THE DINAR WILL HAVE TO MOVE FROM AN IMPOSED RATE TO A REALITY RATE... [post 2 of 2]
9-28-2014 Newshound Guru Millionday ...ABADI IS BACK AND THEY ARE MEETING RIGHT AWAY TO APPLY RESOLUTIONS OF KURDISTAN, IRAQ, BUDGET, AND MINISTERS. ABADI HAS CLAIMED HE IS GOING TO RESOLVE THE MINISTERS AND ALSO HAVE THE BUDGET DONE WITHIN THE NEXT FEW DAYS SO DISTRIBUTION OF MONEY DUES WILL BE MADE BEFORE THE EID FEAST...AND BY THE OCTOBER 1ST BUDGET DATE. THEY HAVE STATED THAT THEY ARE PLANNING ON OPENING THE BUDGET ON OCTOBER 1ST FOR THE DISTRIBUTION OF FUNDS. THE THREE PRESIDENTS DONT GET THEIR MONEY UNTIL THE BUDGET IS DONE AND THE IMF IS PUSHING FOR THE BUDGET TO BE DONE BEFORE EID DUE TO MONEY NEEDED. THE MEETINGS TO TAKE PLACE TOMORROW [SUNDAY] THROUGH TUESDAY...ARE ALL ABOUT COMPLETING THE BUDGET-MINISTERS-AND REGION ISSUES FOR RESOLVE. [post 1 of 2....stay tuned]
9-28-2014 Newshound Guru Chattels Article quote: "on Sunday, the fifth of October next, will be the first day of Eid al-Adha." the Eid al Adha holiday is four days according to the CBI website.
9-28-2014 Intel/Newshound Guru Poppy3 4 days till deadline date for all to be complete and be prepared for the rate change. THEY HAVE SET THAT GOAL AND VOWED TO MEET IT. TIME WILL TELL AND I AM SURE THEY WILL USE EVERY MOMENT TILL IT IS COMPLETED. MALIKI, FROM REPORTS,, WAS PHYSICALLY REMOVED FROM THE PM PALACE RESIDENCE THIS MORNING. THIS IS JUST ONE MORE STEP TO THE COMPLETION OF THE GOI. THEY ARE TOTALLY DISREGARDING ALL RELIGIOUS DAYS AND WORKING TO COMPLETE WHAT HAS TO BE DONE TO IMPLEMENT FINANCIAL REFORM . ALL I CAN SAY IS OUR MONEY IS COMING.
9-28-2014 Newshound Guru OOTW TRUE, GOVT'S HAVE CHANGED THEIR CURRENCY VALUE DURING TIMES OF OCCUPATION. SO AT BEST, TO ME, IT'S A 50/50 CHANCE RIGHT NOW. WE HAVE TO GET THE STATE BANKS PROTECTED FROM TERRORISM. TO ME, THAT'S JUST PLAIN SENSE. AND THE PRIVATE BANKS HAVE TO BE SECURED. IT IS NOT AT ALL PLEASANT FOR ME TO SAY I THINK WE HAVE TO WAIT LONGER. IT'S ONLY MY HUMBLE OPINION. [post 3 of 3]
9-28-2014 Newshound Guru OOTW IF IRAQ ONLY HAS TWO YEARS TO DEVELOP THEIR PRIVATE SECTOR - THEN, SUBSEQUENTLY, THEY NEED INVESTMENT AND BANKING LAW FORMATION AND IMPLEMENTATION ASAP. THEY WANT STABILITY IN THE REGION - EX; ISIL STILL CONTROLLING MOSUL AND THE BANKS THERE. HOW CAN THE CURRENCY BE STABLE WITH THE COUNTERFEITING AND LAUNDERING. LAUNDERING IS THE PRIMARY OBJECTIVE TO CONTROL AT THE MOMENT. [post 2 of 3....stay tuned]
9-28-2014 Newshound Guru OOTW [new guru] I BELIEVE THE NEXT WTO CONSULTATION FOR FULL ASCENSION (IRAQ) IS TO BE IN 2016. IRAQ WOULD NEED AN INTERNATIONAL RATE PRIOR TO THAT AND SIGNIFICANT PRIVATE SECTOR DEVELOPMENT. SO IF THEY NEED PRIVATE SECTOR DEVELOPMENT PRIOR TO THAT CONSULTATION WHAT DO THEY NEED? THEY (IN LARGE PART) NEED INTERNATIONAL INVESTORS. WHAT DO INTERNATIONAL INVESTORS NEED? THEY NEED MUCH BETTER LAWS/REGULATIONS TO PROTECT THEIR MONIES INVESTED IN THE COUNTRY. [post 1 of 3....stay tuned]
9-30-2014 Newshound Guru Millionday [ I gather...the budget did not get passed today?] THE BUDGET WENT TO PARLIAMENT BUT WITH NO OIL FIGURES AND THEY HAVE ASKED FOR THOSE FIGURES SO THAT PARLIAMENT WILL TAKE IT. THEY HAVE BEEN WORKING ON IT INTO THE NIGHT AND I THINK THEY WENT HOME TO COME BACK EARLY AND FINISH. [any word on ministers getting seated?] ABADI STATED THAT THE LAST TWO WOULD BE BEFORE HOLIDAY AND IS CALLING AN EMERGENCY MEETING.
9-30-2014 Intel/Newshound Guru tman23 "In a statement, said the Council had received (treasures media) a copy, "the holiday of Eid al-Adha will begin from Saturday until Thursday of next week." it is now official. Baghdad – Prime Minister announced, Tuesday, that the holiday of Eid al-Adha begins Saturday and ends on Thursday next week.
9-30-2014 Intel/Newshound Guru Poppy3 WE ARE WITHIN THE LAST 48 HOURS OF THEIR DEADLINE ON BUDGET, LAWS, MINISTERS BEING COMPLETED. OUR QUESTION IS HOW MANY DEADLINES WILL THEY MAKE AND WILL THEY FINISH BEFORE THEIR HOLIDAY OR WILL THEY WORK INTO THE HOLIDAY TO FINISH? TODAY IS A EXCITING TIME FOR ALL IRAQ AND FOR YOU AND I.
9-30-2014 Newshound Guru OOTW AT THE PARLIAMENT SITE - THE FEDERATION COUNCIL BILL IS LISTED AS "PASSED LEGISLATION" IT ONLY NEEDS TO BE UPLOADED TO THE GAZETTE NOW TO BE ACTIVATED. THE FEDERATION COUNCIL ARE GUIDELINES WHICH UNAMI HELPED IRAQ TO DEVELOP WHICH SETS UP A GOVERNING BODY OVER THE ENTIRE IRAQI GOI AND LAW SYSTEM. IT'S TO BE COMPOSED OF FIVE HEADS AND TWO REPS FROM EACH PROVINCE. THEIR WORK OVERSEES ALL MAIN MINISTRIES AND PROJECTS. BECAUSE I CANNOT GET A FULL COPY OF THE UNAMI MANDATE I CAN'T SEE EVERYTHING, BUT THE WORD IS THAT IF MAHMOUD WANTS TO OVERTURN A LAW PRESENTED BEFORE HIM, WHICH HAS BEEN PASSED BY PARLIAMENT, THE FEDERATION COUNCIL CAN GIVE THE GO AHEAD TO IMPLEMENT THE LAW. IT TAKES MORE CONTROLS AWAY FROM A PM AND THE SJC...DISTRIBUTES POWER MORE EVENLY. [i.e. "inclusive" gov't?] EXACTLY. [So that's part of the power sharing agreement?] YES.
9-30-2014 Intel Guru WILDDUCK THERE IS NO GCR FOR DUMMIES BOOK DOWN AT BARNES AND NOBEL. THEY ONLY HAVE ONE CHANCE TO GET IT RIGHT. [seems like we just might be getting close!] THAT IS CORRECT, I BELIEVE WE ARE VERY CLOSE. [So..." Any Second Now " ?] I CONCUR WITH YOU. ...KNOW THAT THE EARTH ROTATES VERY FAST BUT YOU DO NOT FEEL IT, SO LIKE THE RV /GCR JUST BECAUSE YOU CANNOT SEE IT OR FEEL IT DOES NOT MEAN HUGE STRIDES ARE NOT TAKING PLACE. IMO WE ARE VERY CLOSE AND YOU CAN TELL BY THE LACK OF REAL NEWS. REMEMBER THIS IS A WORLD EVENT NOT JUST IRAQ. ALL THE PIECES HAVE TO BE IN THE RIGHT PLACE. THERE IS ONLY ONE CHANCE TO GET IT RIGHT. THERE IS NO DO OVER .
9-30-2014 Newshound Guru Lojak Article [via snowflakes] : "Cabinet decision paying salaries to staff " Quotes: "Magda al-Tamimi said Chairman of the Finance Committee in the House of Representatives interim cabinet did not reach a final decision on the salaries of the staff of the Kurdistan Region." "She said through a statement to Al-Tamimi Kordsat News: The Council of Ministers will hold a meeting tonight with the Interim Finance Committee in the House of Representatives for a final decision on the salaries of employees of the province of Kurdistan." Its the key to moving forward in a big way on many, many things. Based on information I just received, I have big faith that a positive result will come of this meeting.
9-30-2014 Newshound Guru Millionday AN EMERGENCY MEETING WILL HAPPEN BEFORE HOLIDAY -- THE KURDS HAVE JOINED THE GOV AND HAVE 4 MORE POSITIONS -- THEY WANTED 5 -- THE MEETING IS TO ANNOUNCE THE ENTIRE MINISTRY - THE BUDGET IS GOING TO PARL TOMORROW --- AND THEY FINISHED IT -- THE KURDS AND FEDERAL HAVE AGREED ON GOV AND THEY HAVE JOINED OFFICIALLY AND THE WAGES WILL BE THERE BEFORE HOLIDAYS WITHIN TWO DAYS THEY SAID. THE MEETING IS TO ANNOUNCE...AND WHAT I HAVE IS THEY ARE SWORN IN.
9-30-2014 Intel Guru MarkZ Ok so the weekend wasn't what I had hoped for...
Things were happening though and I am 'ok' with the progress.
9-30-2014 Newshound Guru Lojak Article: "Iraqi President: Baghdad Will Send Kurds’ Salaries Before Eid" Quote: "It is expected that in the Tuesday [today] meeting, the Baghdad government finalise a decision about sending the budget of the Kurdistan Region." I think this is needed still...this hopefully will get the Kurds engaged in the government and help vote the missing ministers in.
9-30-2014 Newshound Guru Millionday THE RATE RIGHT NOW IS 1166 -- THATS ALL. IT DOESNT MATTER IF 18 BACK ROOM MEETINGS GO ON AND THEY INVITE ALL THEIR FRIENDS -- THE ONLY ONE THAT CHANGES THE RATE IS CBI -- PERIOD. UNDERSTAND IF THE RATE IS NOT ON CBI -- IT HAS NOT CHANGED -- NO IF ANDS OR BUTS.
9-30-2014 Intel/Newshound Guru Poppy3 ...THE NEXT 48 HOUR OR LESS SHOULD SHOW UP WHAT THEY HAVE COMPLETED AND IF ALL IS COMPLETE THEN THE RATE CHANGE SHOULD FOLLOW VERY QUICKLY AFTERWORDS.
9-30-2014 Intel Guru DC [via Already Blessed] ...PLEASE KEEP IN MIND THAT THE GAZETTE IS PHYSICALLY LOCATED IN THE LAW LIBRARY IN BAGHDAD AND HAS NOT BEEN ONLINE FOR A FEW YEARS. HE WAS SURPRISED AND CONFUSED AS TO HOW THEY COULD PUBLISH ASPECTS OF THIS WITHOUT THIS BEING AN RV. HE THEN WENT TO THE CBI PEOPLE AND ASKED THEM HOW IT COULD BE PUBLISHED IN THE GAZETTE AND NOT HAVE A RV…"IS THIS ACCURATE!” AND THEY SAID, “YES, IT IS ACCURATE BUT WE JUST HAVEN’T DONE THE RV YET.” IT WAS ALSO RUNNING ON ALL THEIR TV SHOWS. [reference Guru DC post 9-29-2014]
9-30-2014 Newshound Guru Lojak b Once that vote is concluded positively, a whole chain of events will start. The Kurds will then show up in Parliament and support Abadi for his choice of security ministers--because they have 60 votes, which will put Abadi in the drivers seat on any vote he needs. And of course, Iraq doesnt have 4.5 billion laying around, they will need to quickly Rv the currency to pay not only the back salary, but they need to pay their own army, retirement salary, blah blah. Abadi NEEDS the Kurds to get things done. [post 2 of 2]
9-30-2014 Newshound Guru Lojak ...let me explain the goings on, so some on here can be up to speed. There are two Kurds on the Council of Ministers (the cabinet) that were voted on in Parliament --but actually have not been sworn in and havent participated in the cabinet activities as of yet. The kurds want their money, as least a written assurance they will have it soon--then they will participate in the cabinet. The articles yesterday suggesting that they had the support to get a large chunk of money ( some say 4.5 billion) in back salary were the start to what we need. One assumes based on the one MP from Kurdistan that Abadi has the support to get this done in the Cabinet meeting today. [post 1 of 2....stay tuned]
9-30-2014 Intel Guru Frank26 [via BulldogFord65] the budget is in the house and IMO, they still need to read it, and may take a couple of weeks to pass the budget, however we have seen oil tankers leave so perhaps they are already operating under the budget but it is not yet visible; perhaps in the next couple of weeks we will see more of the budget; there may be a domino effect set off by the budget; many items depend on what is it...it’s very possible that the budget does not contain the program rate, which would explain why it’s being guarded so closely. MR [Monetary Reform] is moving forward. IMO, we may see the seated GOI soon. 10/1 is “super hot, brilliant hot” for seeing the GOI emerge and possibly begin to reveal some of the budget through 10/10; if the budget is not revealed by 10/10, we look to 19th – 20th all of 2014; these dates are time frame studies to watch the GOI, budget, laws, MR.
9-30-2014 Intel/Newshound Guru tman23 Forget the budget...First they need to seat the Kurd ministers and as of now, Kurds request that Shaways to be moved from Finance Minister to Deputy PM and Zabari from Deputy PM to FM... such action takes a Parliament hearing...Abadi an Jabouri are discussing a special Parliament session which would seat the security ministers before Eid...And then the discussion if a quorum could be reached...Those expecting a RV this week will be disappointed once again...But 10/7 to 10/9 is a window to keep an eye on.
9-30-2014 Newshound/Intel Eagle1 [via BulldogFord65] IMO, everything is where we want it to be.
9-30-2014 Intel Guru Frank26 There is an internet rumor that the rate is in the Gazette – NO, it is not. [the Gazette is a real law library of the judicial arm of the GOI, the real website did not have a rate published...]
9-30-2014 Intel Guru EXOGEN October 1st we are looking for a number of things. 1. Bills to be paid 2. Approved Budget 3. The process of salaries in motion 4. LIVE RATE. [See the possible "to do list" in the Dinar Guru Resource Bar on the left]
9-29-2014 Intel Guru TerryK I'M HEARING THAT WE STAND A GREAT CHANCE AT THIS TOMORROW NIGHT...BANKING NIGHT. THERE IS TALK OF A LOWER RATE. THE SAME RATE THAT KUWAIT HAS CURRENTLY. THIS WILL FLUSH OUT TRILLIONS OF DINAR. KEEP IN MIND THAT THIS WAS THE ORIGINAL AGREEMENT BETWEEN IRAQ AND KUWAIT. .50 ONE WAY OR THE OTHER. 3.50 PLUS.
9-29-2014 Newshound Guru Lojak Article: "Kurdish Civil Servants to Receive Eid Salaries from Baghdad" Quote: "The Iraqi central government approved the salaries of the (Kurdistan) Region for the months of August and September before the holiday of Eid al-Adha," This article, if true, is supportive of what we need to see. The Kurds havent actually been active in the new government because they want to be paid. As the article says, they are owed 9 billion -- Iraq doesnt have the money now. This however should trigger several things 1) the Kurdish Ministers becoming sworn in on the Council of Ministers 2) which in turn should get the Kurds to turn out and vote with Abadi for his choice of the 2 ministers...all of this is interrelated. The HCL is basically already done, which is part of the platform that all blocs voted on a while back. They cannot pay the Kurds without RV. Shabibi and Abadi have the button at this point...just be patient.
9-29-2014 Newshound Guru Chattels some are saying that a rate(s) are being posted...just beware that all gazettes are not the gazette.
9-29-2014 Intel Guru Mnt Goat Update on the 27 Reforms - Many of these reforms are just replacing many of the Erbil agreement items of the 2009-2010 Erbil meeting. Like with the Erbil agreement, Abadi also has timelines to get these 27 reforms completed. The USA and the UN are not going to budge on the RV until these are completed. Do they all have to be completed prior to an RV? The farthest out timeline for many of the items is 3 months. So we do know they intend to complete all these reforms by January 2015. I believe the critical issues in the Erble agreement, as a minimum, must be implemented prior to any RV...they are 4 years behind schedule due to Maliki. They are attempting to catch up fast.
9-29-2014 Intel Guru DC Bottom line is that everyone is jubilant right now. We are expecting the full RV on or before the 1st. With the announcements in the Gazette and on tv and in the banks, we understand everyone is ready. My understanding is that the $3.58 is the final number. It’s a final coordination between Iraq, the BIS and the IMF. We are just waiting on this last little thing from Iraq. I’ve been told the US is out of the picture, and we are supporting this behind the scenes. In the US everyone is geared up and ready go, and expecting this now. [As of now, only Guru TNT Tony's camp is reporting this...we await confirmation one way or the other from other gurus and ultimately a guru consensus--stay tuned...]
9-29-2014 Newshound Guru Millionday THEY HAVE ALSO RESOLVED THE ISSUE WITH THE OIL AND THE BUDGET WILL BE FOR VOTE IN THE NEXT DAY OR TWO. THE HCL HAS BEEN DONE THEY ADDED A FEW CHANGES AND IT IS WAITING FOR AGREEMENT WITH THE KURDS -- AND GUESS WHAT -- AGREEMENT IS HERE...THIS IS HUGE NEWS. WE ARE IN AN ECONOMIC INVESTMENT IN ACTUAL CURRENCY IN THIS COUNTRY`S CURRENCY SO WE HAVE TO FOLLOW THE MONEY AND THEY ARE SAYING THAT THE ENTIRE BUDGET FOR THIS YEAR IS GOING TO BE BEFORE PARLIAMENT TOMORROW. [ ...will the CBI wait until the budget is opened and approved?] I WILL TELL YOU IN THE INK...A PRESS RELEASE...IT SAYS ANNOUNCED FROM CBI THAT THEY WILL MOVE FORWARD WITH OR WITHOUT THE BUDGET AND FUND IT WITH THE INTERNATIONAL INVESTMENT MONEY. [post 2 of 2]
9-29-2014 Newshound Guru Millionday THE KURDS AND THE FEDERAL GOV...HAVE RESOLVED. PAYMENTS WILL BE MADE FOR BACK PAY AND MONEY IS GOING TO START MOVING. THIS IS IN THE BUDGET. SO THEY ARE SENDING MONEY BEFORE THE FEAST ON THE 4TH. THE BUDGET IS TO BE LAUNCHED AND THE KURDS ARE IN IRAQ BAGHDAD IN MEETINGS WITH FEDERAL GOV. [So the payback will be with Dinars instead of USD'S?] YES DINARS. THE KURDS WANTED MORE POSITIONS IN THE GOV. IT WAS AGAINST WHAT THEY WERE PROMISED AND...THE MOVE TO CHANGE IT IS DONE. THEY GOT 4 MORE IN KURDISTAN...ABADI IS CALLING AN EMERGENCY SESSION BEFORE THE HOLIDAY TO ANNOUNCE THE MINSTERS. I DONT KNOW EXACTLY WHEN -- ALL WE HAVE IS BEFORE THE HOLIDAY AND ALSO RIGHT AFTER FEAST A HUGE PRESS CONFERENCE. [post 1 of 2....stay tuned]
9-29-2014 Intel Guru TNT Tony [via Adept1] Great news – Iraq has published an exchange rate of $3.58...in black and white in the gazette... It’s been verified by Iraqis who read in their own language and can understand what it means. I was trying to find the numbers for the Iraqi dinar and the Kuwait dinar. They put this in the Gazette, we looked at the numbers, and I saw they were 1:1. We checked with multiple Iraqi sources, and they confirmed that we did that correctly – that one Iraqi dinar = one Kuwaiti dinar, and one Kuwaiti dinar = $3.58. There is one other matter being negotiated this moment, it could happen any time in the next 48 hours. It’s been published and if it doesn’t happen by then, they will have real problems with ISIL. Everything we can see for ourselves in the mosques, newspapers and television is indicating the 1st or sooner. It’s looking really, really good... [As of now, only Guru TNT Tony's camp is reporting this...we await confirmation one way or the other from other gurus and ultimately a guru consensus...They're trying to determine what Guru TNT Tony is seeing--stay tuned...]
9-29-2014 Newshound Guru Lojak Articles: "Indicators to solve the oil dispute between Baghdad and Erbil" "Expectations of the arrival of the draft budget to parliament on Tuesday" More great news...the COM is going to front a few months of salaries for the Kurds. When the budget passes (and it should be quicker than they say) they will get all the rest of the money they deserve.
9-29-2014 Intel Guru Mnt Goat What transpired on 9/7 - 9/8 by announcing a “fully” formed government was all very legal and intentionally done. They announced a fully formed government to get the UN resolution to form a legal coalition to enter Syria and fight ISIS. Iraq was at a critical point and needed support to begin operations which was very apparent. There was also a constitutional deadline and missing it was not an alternative. Missing this deadline meant starting all over. They are now in this process of replacing the proxy ministers. It could take weeks or months to do this but they are able to move forward in so many other areas too, even with the proxy ministers. I am hearing the voting for confirmation of these ministers is once again on the agenda for early this week in parliament. [post 2 of 2]
9-29-2014 Intel Guru Mnt Goat ...over the weekend a request went out to the speaker of the house to hold a special session prior to Wednesday to vote and to confirm the last of the few ministers. These are replacement ministers that were rejected already (some twice) on the confirmation process by parliament. Abadi is targeting this confirmation prior to the upcoming holiday of Eid al-Adha (begins in the evening of Saturday, October 4, 2014, and ends in the evening of Sunday, October 5, 2014). They still do not have a permanent Defense and Interior ministers. [post 1 of 2....stay tuned]
9-29-2014 Newshound Guru Stryker THIS SURE LOOKS LIKE THE WEEK EVERYTHING COMES TOGETHER.
9-29-2014 Intel/Newshound Guru tman23 So the PUK website and the Minister of Finance both informing the public that the salaries are going to be paid before Eid...TO ME IT SPEAKS VOLUMES THAT AN AGREEMENT IS COMPLETE.
9-29-2014 Newshound Guru Lojak Article: "Kurds joining the government Abadi and staff salaries region before Eid" Quote: "Prime Minister Haider al-Abadi said the cabinet will hold a session during the next few days to discuss sending an advance to the Kurdistan region to secure the salaries of its employees...Kurdish delegation arrived in Baghdad and Minister Kurds are ready to join the government" This is really big news, what we need to happen to get the whole thing rolling!! Iraq is broke...at least the govt. (not the CBI). They cant be paid without some cash...they cant pay kurds, the peshmerga, the Iraqi army etc without the new monetary reform... In simple language, that's it.
9-29-2014 Intel/Newshound Guru Poppy3 CALL JUST CAME IN...HE SAYS ALL FOCUS HE CAN HEAR IS THAT THEY STILL EXPECT TO FINISH THE GOI AND THE BUDGET BY TOMORROW. (WE SHALL SEE ) HE STATED THEM FINISHING THE POST AND RELEASING THE BUDGET DOES NOT GUARANTEE A RV BUT HE AND THE COL BOTH STATED THEM HAVING THESE COMPLETED SURE COMPLETES THE GROUNDWORK AND THERE IS NO OTHER REASON THAN FINANCIAL REFORM AND RAISING THE RATE FOR THEM TO BE PUSHING FOR COMPLETION. THE PEOPLE ON THE STREETS ARE EXPECTING ABADI TO GET THINGS DONE THAT SHOULD HAVE BEEN DONE YEARS AGO. THEY STILL BELIEVE ABADI WILL MAINTAIN A ALL INCLUSIVE GOI AND THE PEOPLE WILL BENEFIT.
9-29-2014 Newshound Guru Millionday CBI HAS ALSO ANNOUNCED THAT THEY WILL FUND THE ECONOMIC REFORM WITH THE INVESTMENT FUNDS IF THE GOV DOES NOT AGREE ON THE BUDGET BEFORE THE ECONOMIC REFORM IS LAUNCHED. THEY ANNOUNCED THAT THEY WOULD OPEN THE BUDGET BY OCT 1ST IN THE PRESS TO THEIR CITIZENS. [I've read that salaries have to be paid prior to EID - any truth in that?] THE GOVERNMENT STATED THAT THEY WOULD PAY THEM BEFORE THE HOLIDAYS BUT NO THEY DONT HAVE TO -- THE CITIZENS ARENT GOING TO LIKE IT IF THEY DONT. [how can the cbi be so bold to open up the reforms when the gov demanded them not to?] THEY ARE INDEPENDENT AND ACTUALLY THE GOV IS ASKING THEM TO OPEN ALL ECONOMIC REFORMS NOW. THEY HAVE ALL RIGHTS TO APPLY THE EXCHANGE RATE. [post 2 of 2]
9-29-2014 Newshound Guru Millionday THE AMENDMENTS ARE DONE -- THE PARLIAMENT WILL MEET ON TUESDAY AND THE AGENDA IS INCLUSIVE OF THE BUDGET...BUT THEY HAVE ALSO SAID THEY HAVE AMENDMENTS THAT THEY WILL NOT LOOK AT UNTIL AFTER THE HOLIDAYS -- SO WE WILL WAIT. THE KURDS ARE VERY HAPPY WITH THE BALANCING OF FUNDS AND PREPARATION...THE BUDGET IS READY AND WILL BE BEFORE PARLIAMENT SO THEY CAN MOVE FORWARD. [when the kurds are all in agreement with the gov then HCL is done? This and erbil I see as holdups.] IT HAS TO BE ACTIVATED -- WITH EVERYTHING ALL AT THE SAME TIME -- THERE IS NO HOLD UP AT ALL WITH THE HCL. [post 1 of 2....stay tuned]
9-29-2014 Newshound Guru Chattels watch to see who the interior minister will be...it appears that Ameri is Maliki's man and if Ameri is "in" then Abbadi has his hands full with the influence of Maliki in his government.
9-29-2014 Intel/Newshound Guru Poppy3 WE HAVE SO MANY THINGS HAPPENING THE RATE HAS TO HAPPEN ANYTIME NOW. ...GOT A CALL 5AM IN IRAQ AND THEY SAID BOMBING HAS ALL BUT STOPPED IF ISIS AND THEY ARE EXPECTING TO SEE RATE ANYTIME. [a call from who?] FRIEND THAT LIVES 3 BLOCKS FROM OUR EMBASSY.
9-29-2014 Newshound Guru tlm724 Article quote: "According to Najib, the "head of the government committed itself to solving the outstanding problems with the Kurdistan including the salaries of the staff of the region", and followed that "negotiations and dialogues between the federal government and Kurdistan is still ongoing, and in the case to reach an agreement, it will accelerate in the enrollment Minister Kurds cab of government." it is all coming together! not quite as quickly as we wanted but still it's tremendous progress for sure. Quote: "in the case to reach an agreement, it will accelerate in the enrollment Minister Kurds cab of government." that would be an inclusive GOI!
9-29-2014 Newshound Guru Chattels [when does the holiday end?] Istani says that the holiday begins on the 5th, the Kurds have declared the 8th...the CBI shows the Eid as a four day holiday...the Kurds are talking about a full week...so like many things in Iraq, there is no uniform or universal answer to your question.
9-28-2014 Newshound Guru Millionday THEY ARE SAYING...THAT THIS IS THE TIME THAT THEY NEED TO TAKE TO MOVE TO THE ADVANCEMENT OF THE NATIONAL ECONOMY...NOTHING IS BEING DELAYED AND...THEY ARE MOVING FORWARD WITH EVERYTHING WE ARE WAITING ON...THAT INCLUDES THE MONETARY POLICY. BECAUSE OF THE BETTER SECURITY SITUATION THEY ARE CALLING THE GLOBE TO COME IN AND INVEST BECAUSE THEY ARE MOVING TO A MARKET ECONOMY...THEY WILL HAVE TO HAVE A RATE FOR THEIR DINAR BECAUSE, THE DINAR NEEDS A PRICE THAT MAKES SENSE IN ALL COUNTRIES TO DO BUSINESS WITH ALL OF THEIR COMPANIES ENTERING THE GLOBE...THEY HAVE NO TIME TO WAIT. THIS IS GREAT AND SHOWS US HOW COMPLETE EVERYTHING IS AND HOW CLOSE THEY ARE TO REFORMS BEING COMPLETE. [post 2 of 2]
9-28-2014 Newshound Guru Millionday THE GOVERNMENT PROGRAM IN ITS ENTIRETY IS BEING LAUNCHED FOR THE ECONOMIC REFORMS AND ALL REFORMS. THEY ARE SAYING THAT THIS IS THE BEST TIME AND IS THE TIME ALL OF IRAQIS AND INVESTORS HAVE BEEN WAITING ON FOR IRAQ. [do you think they will hold off until oct or even 2015?] I DONT KNOW THE DATE ...BUT THEY SEEM TO BE IN A MUCH BIGGER HURRY THAN 2015 DUE TO THE BUDGET BEING DONE FOR THE REST OF THIS YEAR. ...EXPERTS TO HELP ACTIVATE THE BANKING FOR THE PRIVATE BUSINESSES/SECTOR HAS BEEN CALLED TO THE BANKS TO WORK TO SUPPORT THE DEVELOPMENT OF IRAQ...BANK PREPARATION. [post 1of 2....stay tuned]
9-28-2014 Intel Guru TNT Tony Good times are on the way (great news today). Be ready so you don't have to get ready.
9-28-2014 Intel Guru EXOGEN SOMETHING HUGE DID HAPPEN, LIKE MEGA GIGANTIC 4 REAL!!! 100% IN OUR FAVOR...CROSSED THE POINT OF NO RETURN NOW IT LOOKS LIKE...
9-28-2014 Intel Guru TD Comments to share with my Kurdish friend (As always treat all with rumor). He points out a very interesting development worth noting and that is the NEW 10K note is NOT available outside the controlled areas within Iraq. I've checked with several suppliers and this is the case and NO ONE indicated they will have them. VERY INTERESTING since the exchanging of these new notes has been going on (in house) for some time now. He further indicates that shortly here in October the CBI will release a confirming article of the newly enhanced security notes of 5K, 25K and 50K all due for release in the next 90 days although a precise date is unclear at this moment. It will be MOST TELLING if these new notes also will not be available for purchase outside the controlled areas within the country as well.
9-28-2014 Newshound Guru Chattels the CBI has yet to correct what appears to be an identical post for Sat and Sun auctions and there is no updated market price for the last three auctions.
9-28-2014 Newshound Guru Lojak Article: "Party Barzani: Kurds Ministers will then be sworn before Eid al-Abadi and pledged to implement the demands of the region..." Quote: "Announced the Kurdistan Democratic Party led by President of Kurdistan, Massoud Barzani said "the Kurdish minister in the federal government will perform the constitutional oath before the holiday of Eid al-Adha." If this ends up being true, then we are really looking good folks...This is what needs to get the whole ball rolling...
9-28-2014 Newshound Guru tlm724 Article quote: "the central bank has taken several measures to develop the work of the Office of the Money Laundering Reporting where he was completing amend the draft law on combating money laundering and terrorism financing by the IMF..." the CBI has this covered and they are implementing all the necessary measures to comply so they can move forward with the economic and currency reform! ya gotta love that!
9-28-2014 Intel/Newshound Guru Poppy3 NEWS IS GOOD NO SETBACKS AT ALL WE JUST HAVE TO WAIT AND WATCH FOR FURTHER PROGRESS. THE HCL AND 140 BOTH REQUIRE THE RATE BEFORE THEY CAN BE IMPLEMENTED. I HAVE ALWAYS SAID THESE WILL BE ALMOST SIMULTANEOUS IN TIMING. 3 TO 4 DAYS FROM TODAY EXPECT TO HAVE ALL MINISTERS SEATED, THE BUDGET PASSED AND THE BANKING LAWS BASKET VOTED ON. THESE ARE WHAT THE DEADLINE WAS SET TO INCLUDE/ TIME WILL TELL VERY SOON.
9-28-2014 Intel/Newshound Guru tman23 Rumors are saying maliki has planned a demonstration against Abadi on Sept 30th and protesters will be carrying banners for Abadi to "go" (leave office)...
9-28-2014 Intel Guru TD Additional comments to share from my Kurdish friend (As usual treat all as rumor). The CBI should be releasing another article within the next couple-3 weeks confirming the soon to be released NEW 5K, 25K and the all new 50K notes with the enhanced security features. The integration and exchanging (in house) will then continue as is currently being done with the NEW 10K note. Have you noticed BTW that no currency exchange locations have for sale the new 10K notes?? I've been told the various reasons why but I'll let you debate that for yourselves. Same will be true for the newly printed notes which are still on target to be released during the last quarter of this year.
9-28-2014 Intel Guru EXOGEN This is going to be an interesting day! THERE ARE 2 PLANS RUNNING SIMULTANEOUSLY 1 PLAN WE WANT, AND THE OTHER PLAN WE DO NOT WANT. Basically the FAT cats in GOI, VP's, MP's cannot get their money either, until BUDGET is passed, so there is now additional PRESSURE added... It’s the Final Countdown!
9-28-2014 Newshound Guru Millionday ALL THE CITIZENS THAT ARE TO RECEIVE PAY ARE NOT IN IRAQ -- AND ALSO THE FUNDS ARE REPORTED TO BE ON A VISA CARD AND USABLE IN AND OUTSIDE OF THE COUNTRY -- SO IF THIS IS COMPLETED THEY WOULD HAVE TO APPLY WHAT RATE THEY ARE GOING TO EXCHANGE AT AND SET VALUE AND INTERNATIONAL RATES FOR THE AGREEMENTS THAT ARE DUE WHEN THE BUDGET OPENS AND ALSO FOR THE CITIZEN AND PROVINCE DISTRIBUTIONS. SO THIS IS WHY EVERYONE IS VERY EXCITED RIGHT NOW...THE DINAR WILL HAVE TO MOVE FROM AN IMPOSED RATE TO A REALITY RATE... [post 2 of 2]
9-28-2014 Newshound Guru Millionday ...ABADI IS BACK AND THEY ARE MEETING RIGHT AWAY TO APPLY RESOLUTIONS OF KURDISTAN, IRAQ, BUDGET, AND MINISTERS. ABADI HAS CLAIMED HE IS GOING TO RESOLVE THE MINISTERS AND ALSO HAVE THE BUDGET DONE WITHIN THE NEXT FEW DAYS SO DISTRIBUTION OF MONEY DUES WILL BE MADE BEFORE THE EID FEAST...AND BY THE OCTOBER 1ST BUDGET DATE. THEY HAVE STATED THAT THEY ARE PLANNING ON OPENING THE BUDGET ON OCTOBER 1ST FOR THE DISTRIBUTION OF FUNDS. THE THREE PRESIDENTS DONT GET THEIR MONEY UNTIL THE BUDGET IS DONE AND THE IMF IS PUSHING FOR THE BUDGET TO BE DONE BEFORE EID DUE TO MONEY NEEDED. THE MEETINGS TO TAKE PLACE TOMORROW [SUNDAY] THROUGH TUESDAY...ARE ALL ABOUT COMPLETING THE BUDGET-MINISTERS-AND REGION ISSUES FOR RESOLVE. [post 1 of 2....stay tuned]
9-28-2014 Newshound Guru Chattels Article quote: "on Sunday, the fifth of October next, will be the first day of Eid al-Adha." the Eid al Adha holiday is four days according to the CBI website.
9-28-2014 Intel/Newshound Guru Poppy3 4 days till deadline date for all to be complete and be prepared for the rate change. THEY HAVE SET THAT GOAL AND VOWED TO MEET IT. TIME WILL TELL AND I AM SURE THEY WILL USE EVERY MOMENT TILL IT IS COMPLETED. MALIKI, FROM REPORTS,, WAS PHYSICALLY REMOVED FROM THE PM PALACE RESIDENCE THIS MORNING. THIS IS JUST ONE MORE STEP TO THE COMPLETION OF THE GOI. THEY ARE TOTALLY DISREGARDING ALL RELIGIOUS DAYS AND WORKING TO COMPLETE WHAT HAS TO BE DONE TO IMPLEMENT FINANCIAL REFORM . ALL I CAN SAY IS OUR MONEY IS COMING.
9-28-2014 Newshound Guru OOTW TRUE, GOVT'S HAVE CHANGED THEIR CURRENCY VALUE DURING TIMES OF OCCUPATION. SO AT BEST, TO ME, IT'S A 50/50 CHANCE RIGHT NOW. WE HAVE TO GET THE STATE BANKS PROTECTED FROM TERRORISM. TO ME, THAT'S JUST PLAIN SENSE. AND THE PRIVATE BANKS HAVE TO BE SECURED. IT IS NOT AT ALL PLEASANT FOR ME TO SAY I THINK WE HAVE TO WAIT LONGER. IT'S ONLY MY HUMBLE OPINION. [post 3 of 3]
9-28-2014 Newshound Guru OOTW IF IRAQ ONLY HAS TWO YEARS TO DEVELOP THEIR PRIVATE SECTOR - THEN, SUBSEQUENTLY, THEY NEED INVESTMENT AND BANKING LAW FORMATION AND IMPLEMENTATION ASAP. THEY WANT STABILITY IN THE REGION - EX; ISIL STILL CONTROLLING MOSUL AND THE BANKS THERE. HOW CAN THE CURRENCY BE STABLE WITH THE COUNTERFEITING AND LAUNDERING. LAUNDERING IS THE PRIMARY OBJECTIVE TO CONTROL AT THE MOMENT. [post 2 of 3....stay tuned]
9-28-2014 Newshound Guru OOTW [new guru] I BELIEVE THE NEXT WTO CONSULTATION FOR FULL ASCENSION (IRAQ) IS TO BE IN 2016. IRAQ WOULD NEED AN INTERNATIONAL RATE PRIOR TO THAT AND SIGNIFICANT PRIVATE SECTOR DEVELOPMENT. SO IF THEY NEED PRIVATE SECTOR DEVELOPMENT PRIOR TO THAT CONSULTATION WHAT DO THEY NEED? THEY (IN LARGE PART) NEED INTERNATIONAL INVESTORS. WHAT DO INTERNATIONAL INVESTORS NEED? THEY NEED MUCH BETTER LAWS/REGULATIONS TO PROTECT THEIR MONIES INVESTED IN THE COUNTRY. [post 1 of 3....stay tuned]
9-27-2014 Newshound Guru Kaperoni Article: "Economists are demanding action against the Central Bank to intervene and call for respect for its resolutions" ...prior to opening the CBI's Capital Account, they must transition to Article VIII and a new Exchange Regime (some kind of float). This is an absolute must because as investment begins to come into Iraq, it will create inflation. And the solution to offset that is to allow the dinar to rise based on market forces. This is all documented in the IMF reports...
9-27-2014 Intel/Newshound Guru tman23 An interesting fact...Volunteers who are fighting terrorism in Iraq are displaying signs of low morale because the state has not paid them as promised and their families are suffering due to their absence...The government must pass the budget for these volunteers to get paid...The same message from Kurdistan as workers are not happy as Eid arrives and money to celebrate is held back...Simply put...Iraq needs to advance payments next week!!!
9-27-2014 Newshound Guru Kaperoni Article: "Maliki refuses to hand over to the palace of Prime Minister al-Abadi" Quote: "In a dangerous precedent, clung Nuri al-Maliki Palace, the Prime Minister refused to hand him over to Dr. Haider Abadi, the new Prime Minister..." I have stated...that Abadi is not living in the PM Palace. That he has been doing his speeches from one of the other preserved palaces under US security. This article is now proof.
9-27-2014 Newshound Guru Chattels Article: "The sources told the National Iraqi News Agency / NINA / that 'the Council of Ministers postponed its meeting, which was scheduled to be held on Saturday to discuss the draft budget for 2014 and the employees' salaries of Kurdistan region until further notice'. " the Council of Ministers postponed meeting today, no budget discussions. Cabinet meeting, scheduled today, postponed until further notice. [ I hope this is a way to throw the media off track, and they will meet behind closed doors, and get everything done.] doubtful given the news from the kurds. Article: "BAGHDAD / NINA / The leading figure of the Kurdistan Alliance, MP Mohsen al-Sadoun ruled out resolving the issues of security ministers and Kurds ministers' return to the federal government before Eid al-Adha." Kurdish MP rules out the return of the Kurds to Baghdad before Eid al-Adha.
9-27-2014 Newshound Guru Millionday [Can we reasonably assume that the budget will finally get approved tomorrow?] YES IT SEEMS THEY ARE VERY CLOSE WITH IT AND HAVE REPORTED THAT THEY ARE NO LONGER DEBATING AND WILL MOVING FORWARD WITH THE BUDGET LAW FOR THE ECONOMIC REFORM PHASE WE ARE NOW IN. [Are the last of the ministers going to be voted in tomorrow [Saturday] too?] THEY ARE REPORTED TO BE BUT AS ALWAYS WE WAIT FOR THE ACTION - THEY ARE SUPPOSED TO HAVE VOTED THROUGH THE INVESTMENT BASKET SO NOW THEY ARE DEMANDING THAT CBI MOVE FORWARD. THEY ARE SAYING IS THAT ALL LAWS AND POLICIES ARE IN PLACE FOR CBI TO MOVE FORWARD AND THEY ARE DEMANDING THAT THEY DO MOVE FORWARD. 9-26-2014 Newshound Guru Lojak Article: "State law: the 2014 budget would be endorsed by Parliament after the Eid holiday" ...things are definitely on the move...
9-26-2014 Intel Guru Tony Everything is in motion -- no bad news!!! Everything is done. All are prepared over there and here. They have been running tests again and doing procedures all week. I am looking forward to this being my last weekend. Have a plan of action. We have been this close but not with everyone in agreement.
9-26-2014 Intel Guru DC Iraq had successful UN meeting and Abadi is back in Iraq. CBI did some tests yesterday. Pinging did occur yesterday and was described as a dress rehearsal to be sure everyone is ready to go including the CBI, central banks, BIS, etc. You don't do a dress rehearsal a month in advance . It is usually done right before...not saying today but all in the world are ready for it. Their TV is still saying economic reforms coming soon or immediately. They are preparing their people for a rate change in Iraq. It is extremely likely they will make good on telling peeps new RV rate Oct. 1. It is different this time because the GOI wants to get this done, there is more transparency, the US administration is supportive and all political operatives on board. Bottom line. Everything looks wonderful. Everyone is prepared. Everyone is ready for this to go through. Not much else to say.
9-26-2014 Newshound Guru Blue Article quote: "Analysts say the camp Maliki is trying to confuse the government Abadi, through its support of the nomination of Hadi al-Ameri, leader of the Badr Brigade, one of the largest armed militias controversial, to the post of Minister of the Interior, and to mobilize the support of other militias and Shiite Islamist factions to support this nomination. Observers believe that the camp Maliki knows that this nomination can set off all the signs of reconciliation between the main components of the country, and that the alliance of the Iraqi forces, which represents the Sunni provinces, can not accept this nomination." This explains why the Kurds smoothly said they are all good with "whoever" the NA nominates... they did not want to step into Maliki's trap.. did not want to allow Maliki to manipulate them. Sunnis seem to be making wise moves as well.. they are cooperating with the operation in Fallujah... Abadi has remained steadfast...Maliki is about to step on a banana peel.
9-26-2014 Intel Guru Mnt Goat Summary: We continue to wait once again for the controversial ministers to be seated...the Defense and Security ministers...I am told there is very good possibility this could happen in next week’s sessions in parliament along with possibly the budget being voted on. I think the 2014 budget is being held hostage until these ministers are seated. Let us also not lose sight of the 27 demands as part of their Unity Plan (unification of the three major secs) now in progress. Many of these economic demands have a 1 month implementation timeline so we could see much progress by mid October in this area. Then when can we expect the RV? ...we wait for a formal (global) announcement to the public that the Iraq government is now fully formed and seated...this final announcement of the IQD going international will not happen until the USA feels the country of Iraq and its government is stable, non-sectarian and is a functional government. This is has been the plan all along. [post 3 of 3]
9-26-2014 Intel Guru Mnt Goat Some say the RV has already happened. I do know for a fact it has happened on paper but the impact is minimal and is being withheld globally due to this new terrorist attacks and the instability it has brought to the region. To what extent does ISIS have to be controlled in Syria and in Iraq to allow economic and financial stability to blossom in Iraq? I believe they will meet this criteria when the Iraq government is completed (more stability) and is able to perform the defensive and security measures needed to secure the boarders of Iraq (more stability) on their own. Then we have a real good shot at seeing this RV. [post 2 of 3....stay tuned]
9-26-2014 Intel Guru Mnt Goat ...this week Iraq sessions once again did not get the needed votes to confirm the last of the few ministers. I am hearing this is once again on the agenda for next week along with the first of the readings on some new laws, treaties and reforms dealing with the economy and financial reform list. Remember also we were told 4 years ago there would be no RV without the Erbil reforms. This still holds true. Many of these past Erbil reforms are now part of the 27 reform list. The latest of the reform is scheduled to be completed by February of 2015. [post 1 of 3....stay tuned] 9-25-2014 Newshound Guru Kaperoni Then he finishes by saying this..."In my opinion the Iraqi dinar had bottomed out and will recover soon but how fast and how soon remains "wishful thinking!" - I am sure we will start hearing more about monetary policies very soon." [Kaperoni, When do you suppose this RV shall happen then? IYHO] i let the experts decide that...but it sounds as soon as stability sets in. IMO they need the laws to support the transition to a market economy and banking laws to support international investors. Once we see that done, we are close. And I would hope to see the CBI talking about Article VIII...when the CBI moves to article VIII, it must float...no options. [post 2 of 2] [See the possible "to do list" in the Dinar Guru Resource Bar on the left of this page]
9-25-2014 Newshound Guru Kaperoni Ok so i had the translator read through this...all the credit goes to him...This sixteen page "academic" analysis by Dr. Mathhar Saleh is extensive. He touches on the fundamentals as well as the technical factors that affect the value of the dinar...from what I read and between the lines is that the dinar is undervalued at the present time and at the first sign of stability in the security situation there will be more pressure to raise the value of the dinar and quickly...obviously supply and demand is a major factor if you want to float the currency. Demand will come with stability and monetary policies by "forcing" companies to accept getting paid in dinars and that day may come but when is the million dollar question! [post 1 of 2....stay tuned]
9-25-2014 Newshound Guru Enorrste However, the removal of the three zero notes, in itself, is NOT a part of their monetary policy. Therefore, this has nothing whatsoever to do with a LOP. To further prove the point, all we have to do is read this quote from the article itself: "He continued by saying, 'It was supposed to be a project to raise zeros culmination of the efforts of the Central Bank, to put us in front of the completion of a historical era important in the monetary history of contemporary Iraqi," Clearly a LOP is not a major historic event. Countries have done it many times over with no appreciable effect worldwide. However, THIS project is different in that it will put Iraq at the "front" of the line, so to speak. In short, this article has nothing to do with a LOP while at the same time re-affirming what we already know: that the removal of the three zero notes will lead to a major rise in the value of the dinar. [post 2 of 2]
9-25-2014 Newshound Guru Enorrste Article: "Economists are demanding action against the Central Bank to intervene and call for respect for its resolutions" [Shabibi's statement:] "the process of deletion of zeros is not an economic process, so it does not affect inflation," explaining that "what affects inflation is monetary policy, and that the deletion of zeros does not fall within the monetary policy, which is not of their tools." When Shabibi says that the removal of the three zeros is not an "economic process" he is simply saying that the actual removal of the large notes from circulation has nothing to do with "economic policy". He is quite specific in this regard, because he says that the removal of the notes themselves is not one of the "tools" of the CBI monetary policy. Monetary policy is driven by two tools essentially: the money supply itself, and raising or lowering of interest rates. Through either of these the CBI can affect growth monetarily. [post 1 of 2]
9-25-2014 Intel/Newshound Guru tman23 SO, The General Secretary Council of Ministers call for today (Thursday) to be a public holiday in Baghdad in honor of...martyrdom of AL- Imam, Mohammed al-Jawad. But records show that the death of Jawad was the 29th. So the question to ask is...Why today, Why a 2 day notice to observe? IMO there is oh so much more to this.
9-25-2014 Intel Guru Frank26 This is one of the key issues that my TEAMS wanted to convey last night via me...IT IS THE FACT That powerful economists AND Dr Shabibi AND THE CBI not suggesting but explaining that THE CBI NEEDS to and STILL PLANS to lift the 000's...IS SO VERY IMPORTANT TO OUR HOPE!!! THE FACT that THE CBI IS TALKING about lifting the 000's is because...THEY WANT TOO!!! Or they would continue to be Illusive. They are being VERY DIRECT...TO THE POINT.
9-25-2014 Newshound Guru Mailman17 VERY RARE, IF EVER HAS THE POP MET WITH THE CBI GOVERNOR REGARDING ANY MATTER. I BELIEVE THIS MEETING WAS THE CBI TELLING JABOURI TO GET THESE LAWS PASSED THIS WEEK...AS THEY INDEED ARE NEEDED FOR HIM TO MAKE A RATE CHANGE. THAT GOES FOR THE BUDGET AS WELL. HYPER SPEED HAS BEEN THE ONLY SPEED THE GOI HAS BEEN AT...AND I THINK THEY ARE EVEN GONNA GO FASTER THAN THAT. OCT 1 IS STILL A DATE TO LOOK FOR. AS FAR AS THE DEFENSE MINISTER AND THE HCL...I EXPECT THOSE TO BE DONE AS WELL BY OCT 1. WE ARE FINALLY AT THE END OF THIS RIDE...AND UNLIKE THE OLD DAYS WHERE WE EXPECTED THE ROLLER COASTER TO COME TO A HALT...THIS ONE IS GAINING SPEED AND WILL BREAK THROUGH THE GUARD WITH THE RV AT THE FRONT...JMO.
9-25-2014 Intel/Newshound Guru Poppy3 6 DAYS TILL OCT 1 WHEN WE SHOULD SEE LOTS OF CHANGES AND A RV VERY SHORTLY AFTER IF THEY MEET THEIR DEADLINES ON PAYMENTS.
9-25-2014 Newshound Guru Lojak From everything I know (I dont do opinion), the plan is still in place, the ministers will be seated and behind the scenes Shabibi is in charge. Do you really think the IMF/US would allow some clown to run the CBI? not. They need to pay thousands of troops in both armies over there months of back pay, pay salaries of the Kurds etc. Just let things flow...Its all gonna work out.
9-25-2014 Intel Guru TerryK IM HEARING FRIDAY MAYBE OUR MAGIC DAY.
9-25-2014 Newshound Guru Adam Montana [Do you this will happen, before they take another religious holiday?] If next week is considered a religious holiday, then my answer is "no". However... I have to admit that I was pleasantly surprised at how much got done during Ramadan this year. I think we are looking at a new Iraq, so I'm not ruling anything out at this time.
9-25-2014 Newshound Guru Millionday THEY...HAD A PRESS STATEMENT TO CITIZENS THAT BUDGET WILL BE DONE AND IS CONFIRMED. THEY DONT WANT THE 10,000 NOTE REPRINTED AND OUT AND ARE ASKING TO MOVE FORWARD WITH THE NEW MONETARY POLICY NOW. THE REMOVAL OF THE THREE ZERO CURRENCY AND CHANGE IN RATE WOULD GIVE THEM BACK THE RESPECT IN THE REGION FOR THEIR MONETARY VALUE. THE TIME TO REMOVE THE THREE ZERO CURRENCY IS NOW DUE TO THE BALANCE WITHIN THE COUNTRY`S ECONOMICS AND STABILITY OF THE EXCHANGE RATE. THE RESPONSE FROM THE GOVERNOR OF CBI IS THAT HE NEEDS TO SUPPORT THE MOVE OF REFORMS IN THE COUNTRY. [So basically the parliament told the CBI to go ahead with the currency reforms and the CBI governor said he would stand by it?] YES THAT IS WHAT THE REPORT IS TELLING US AND I LOVE IT. I THINK WHEN THE BUDGET IS PASSED THINGS WILL MOVE VERY FAST DUE TO DISTRIBUTIONS IN THE BUDGET ITSELF. 9-24-2014 Intel/Newshound Guru Poppy3 EVEN WITH THESE VERY FEW THINGS LEFT THAT POSSIBLY COULD EFFECT OUR BLESSING ALL SIGNS AND I MEAN ALL POINT THAT WE ARE CLOSER THAN EVER AND WE NOW HAVE A PM THAT IS PUSHING WITH ALL HE IS WORTH...HE HAS HAD THEM WORK THROUGH HOLY DAYS AND EVERY BREAK THEY HAVE TRIED TO TAKE HE HAS CANCELED AND ORDERED THEM TO MEET AND WORK. I DON'T SEE THEM BEING ABLE TO TAKE A BREAK TILL HIS GOI IS SEATED AND THE ENTIRE AGENDA COMPLETED LIKE THE HCL, BUDGET, MINISTERS, AND LAWS ARE ALL VOTED ON AND WE KNOW THEIR TARGET IS OCT 1 AT THIS TIME. THIS IS AWESOME AND ABSOLUTELY 180* OPPOSITE MALIKI. ALL GREAT. [post 2 of 2]
9-24-2014 Intel/Newshound Guru Poppy3 I STILL DON’T THINK THEY WILL CHANGE THE RATE TILL THE BASKET OF FINANCIAL LAWS ARE PASSED SO THEY CAN COMPLETE THE WTO PROCESS OF ACCEPTANCE. THAT BASKET IS IN PARLIAMENT AND READY FOR VOTE FROM ALL INFORMATION IN INK . UNKNOWN WHY THEY HAVE NOT BEEN VOTED ON YET BUT THEY ARE EXPECTED AT ANYTIME EVERY MEETING. SOME DON'T THINK THE BANKING LAWS HAVE MUCH BEARING ON THE RV. I ...HAVE BEEN TOLD THEY HAVE TO FINISH THE LAW TO BE ABLE TO COMPLETE THE APPLICATION TO THE WTO. I DO THINK THEY CAN RV WITHOUT THESE BUT BEFORE WE CAN CASH OUT THAT APPLICATION MUST BE COMPLETED TIME WILL TELL. [post 1 of 2....stay tuned]
9-24-2014 Newshound Guru Kaperoni [Any hunches on what the "urgent message" would be that would require Al-Abadi to leave Baghdad to go to UN to meet Obama? Seems a secure video conference would suffice for any "message" (seems an odd time to remove him from Baghdad will all that is going on?)] it all seems (at least reported) to be related to military efforts. UNSC wanted to get these leaders all together to deal with ISIL. That is a pretty signifcant issue. What Obama wants to say to Abadi, no idea.
9-24-2014 Dinar Guru Video Email will be sent to Dinar Guru members at 8:30pm eastern tonight. TONS of positive news coming from the gurus from all corners BUT still lots of disagreement on the details. You will not want to miss this video. If you're not a Dinar Guru member now's as good a time as any to join over 85,000 of your peer on the Official Dinar Guru RV Alert List...click here now.
9-24-2014 Intel Guru MarkZ Things are lining up for a historic weekend. I am excited but staying grounded.
9-24-2014 Newshound Guru Adam Montana [When do you think the HCL will be all cleared up?] ...it really looks like they are moving dates up, and we could see it very .... (cringe)... *soon*. [ If and after this HCL passes and there is no RV, THEN where are we?] Here's my opinion...The most important things for Iraq, the things that NEEDED to happen before an RV, were always these: 1. Seated GOI (99% DONE, and even better - we definitely have a better GOI than ever before!) 2. Chapter 7 released (DONE.) 3. HCL (SO CLOSE!). 3 things...that's all I wanted. Right now we have 2 down, one to go... and that last one is perched on the edge, about to fall onto the scorecard as a WIN. [See the possible "to do list" in the Dinar Guru Resource Bar on the left of this screen]
9-24-2014 Comedian Guru fishman1969 As I have been saying "Abadi in motion tends to stay in motion"...so keep that Abadi movin!!!
9-24-2014 Newshound Guru Aggiedad77 Article: "Al-Jubouri, the central bank governor: the need to maintain currency stability and to address the process of money laundering" When was the last time that we saw CBI governor going to the Parliament Speaker and having a "frank" discussion on how they can work together in support of each other....the new CBI governor clearly has a game plan in hand as to how he can work with the Parliament in doing what??? getting new laws passed that will help stabilize their currency and at the same time protect it against money laundering...not counterfeiting...but money laundering...corruption...a key part of Abadi's whole program...removing corruption from all areas...the CBI is seen going forward as supporting the Parliament's efforts with reform and further work on their behalf...this is some of the work on new laws that are being worked on...this is good...positive, proactive stuff.
9-24-2014 Newshound Guru tman23 Can not confirm but signs are there were a huge number of laws being voted on last night (today)...There was a host of corporate representatives in Erbil yesterday supporting investments in Kurdistan through the IBBC...Shaways the newly elected Finance Minister is very active with the IBBC and Ahmed who is the General Secretary Council of Ministers is also an active participant...Just figure that the latest group visting Erbil for investments indicates laws being enacted that would make these corporations feel comfortable furthering their investments.
9-24-2014 Newshound Guru Millionday THEY ARE PREPARING THE ISLAMIC BANKS TO INTERNATIONAL COMPLIANCE TO PREPARE FOR THE DEVELOPMENT. THIS IS THE MOVE TO ALIGN THE BANKS TO THE INTERNATIONAL BANKING SYSTEM. THIS OF COURSE WILL ALSO EFFECT THE MARKET AND THEY ARE ALIGNING ELECTRONICALLY WITH ALL THE BANKS THEY HAVE IN ALL 57 COUNTRIES AND THE BANKS THEY ARE IN BUSINESS WITH. THEY ARE SAYING...THAT CBI NEEDS TO BE PREPARED BECAUSE IRAQ IS MOVING TO ITS DEVELOPMENT ECONOMICALLY WITH THEIR BANKING REFORM...GREAT NEWS.
9-24-2014 Newshound Guru Adam Montana Kurdish OIL profits are currently bypassing Baghdad, which is a pretty forcing move by the KRG. I've been saying for a while now that Baghdad is going to have to start playing nice, and with Maliki out of the throne and a more cooperative Abadi at the helm... it's looking more and more like Iraq is going to become significantly more unified, and we have front row seats. The next obvious step after the budget is the HCL, and of course - no question in my mind AT ALL - once the HCL is done, we WILL see the dinar going UP! The bottom line right now is this - We're seeing a lot of major changes in Iraq. Abadi has a lot of work to do to clean up all of Maliki's mess, but when the Iraqi Parliament acts faster than expected... things are heating up, and in a GOOD way! [post 2 of 2]
9-24-2014 Newshound Guru Adam Montana You might not believe this at first, and you probably need to sit down before you read this next sentence...Parliament actually moved a date UP for possibly the first time in recorded history! Even crazier than that groundbreaking, record setting, earth shattering news is this... THEY ACTUALLY DID IT! But wait, it gets better! On the table today or tomorrow is the Budget, which is always a big pain in the neck... but...they are talking about a paltry increase (from 17% to 20%) in funds to Kurdistan. Let me piece that together real quick: [post 1 of 2....stay tuned]
9-24-2014 Newshound Guru Millionday [First vote on amendments to this investment law of 2006 is on the agenda tomorrow (Wednesday) in parliament.] IT IS REPORTED TO BE IN A BASKET THAT INCLUDES ALL CHANGES FOR INVESTMENT AND ALL LAWS TO MOVE FORWARD IN THE MARKET... [if it passes, does this mean we could RV later this week?] THESE LAWS ARE FOR THE INVESTORS WHICH WILL REQUIRE A REALITY RATE DUE TO THE GLOBAL MARKET. WE DONT HAVE A TIME OR DATE BUT THEY ARE WORKING TOWARD THE ECONOMIC REFORM IN ALL REPORTS WE HAVE SEEN LATELY AND THAT INVOLVES THE DINAR TO BE SET FOR TRADE. THURSDAY IS TO BE MINISTERS BY WHAT I HAVE SEEN. BUDGET TO VOTE IN A COUPLE DAYS, AS IN TWO, ACCORDING TO REPORTS...ADJUSTMENTS HAVE BEEN DONE AND NOW THEY ARE PREPARED TO SEND IT FOR VOTE. THEY HAVE UNTIL SATURDAY TO VOTE IT THROUGH TO HAVE IT DONE AND IN LAW. THEY ARE WORKING FASTER THAN WE HAVE EVER SEEN.
9-24-2014 Intel/Newshound Guru tman23 ...important are dates between 9/27 -9/30 to see if Parliament proceeds with reading laws and voting...I am stuck on 10/7 -10/9 to see some changes...time will tell...This currency IQD was devalued because of locking Iraq down purposes and war...It will be re-introduced for the same reasons "security purposes"...and the locking down the IQD will be reversed.
9-24-2014 Newshound Guru Kaperoni As long as they continue with daily currency auctions it is unlikely their is a reduction of notes at this time (especially since they reprinting replacement notes). Remember, the auctions job is first and foremost to stabilize the exchange rate which is accomplished by creating a "balance" of dinar to dollar in the marketplace. Removing dinar from circulation would cause a demand on dinar and effect the exchange rate. IMO, a reduction of notes will come as a result of the process once they begin...which is months off at best since laws are not in place to support the economy/banking sector. 9-23-2014 Intel Guru DC [via Adept1] More banking and finance legislation passed, interior and defense ministers are seated. The CBI is ready, just waiting. ON the television, they are still running the same announcements saying economic reforms are coming very soon or immediately, with locations in many areas where people can exchange as well as merchants changing their prices. Again, people are highly frustrated and tension is high to get this done across the world. Those who believe this is months off -- why would they do this to their people now? According to our sources, part of their talks Sunday and yesterday and today are saying “we are ready, done all the last-minute things, let’s get this done!” In DC everyone is cued up and ready, the same BIS/IMF hold on their screens. We believe there will be a high and middle contract rate, and everyone else will get the international or market rate, and that will be somewhere between 3.50 and 4 dollars. It is done; it is coming. They are ready in Iraq, at the UN, and in the banks. We don’t know exactly when, but it is happening.
9-23-2014 Intel Guru Bluwolf There is a lot of issues transpiring, some very negative some very overwhelming in the positive. Banks and Forex personnel have gone in silent mode now, many providers have chosen to do the same. Expect UN presence to disclose a magnificent opportunity for an announcement or signal. Legacies are back on the tables, truth are now shadowing what is expected, everything is to happen in a moments notice. News reports coming in from certain places is to deceive while all gets revealed.
9-23-2014 Newshound Guru Millionday THE EID FEAST AND HOLIDAY IS OCT 5TH THROUGH THE 7TH. [Is the story then untrue the parliament is not voting till after religious holiday?] PARLIAMENT WAS REPORTED TO NOT BE WORKING -- IT IS UNTRUE -- WE WOULD HOPE THAT THEY ARE VOTING FOR THE MINISTERS...
9-23-2014 Intel Guru TNT Tony [via Adept1] Yes, the RV is going to happen. We are in good position. It was on the agenda yesterday morning. Last Friday people in the mosques were highly upset and it came off TV for awhile and now it is back on...telling their people they are the richest in the region again. Parliament has been there every day, taking votes and changing the laws. The ministers have been voted in for two weeks, by a large majority – the interior minister’s vote was unanimous! We know HCL has been passed. Over the weekend, everyone was back in the banks, and they were told that they would be busy on Monday and Tuesday. Everyone anticipated it yesterday. On the international stage, they are saying they have the numbers now. But we are just waiting. Its already in the system, it is happening, and we are just waiting until the time it happens. I expect it before the 1st, but I don’t know when it’s actually going to happen.
9-23-2014 Intel Guru EXOGEN DO YOU REALLY THINK THE UNITED NATIONS SECURITY COUNCIL WOULD ALLOW GLOBAL STRIKES TO BE COORDINATED OUT OF IRAQ IF THERE WAS NO DEFENSE MINISTER, NO INTERIOR MINISTER, NO COMPLETED GOI, AND THE COUNTRY STILL HAS A CURRENCY VALUED AT 1/8 OF A PENNY TO NOW PAY THE NEW GLOBAL WAR BILLS AND DEBTS?
9-23-2014 Newshound Guru Millionday [...did the budget and the HCL get approved...?] THE BUDGET DID NOT AND IS ON AGENDA FOR THURSDAY AFTER THE READING HAS TAKEN PLACE FIRST READING I BELIEVE HAS BEEN DONE --- THE HCL HAS BEEN APPROVED AND IS ON SHELF FOR THE ACTUAL USE...THE AMENDMENTS WERE AGREED ON WITH THE KURDS SO THAT WILL BE ADDED. [Do you feel the budget might bring the reality rate...?] THEY HAVE STATED THAT THE BUDGET WILL BE FOR THE LAST THREE MONTHS AND HAVE STATED IN MANY REPORTS THAT IT WILL BE AT THE NEW PAY FOR DISBURSEMENT FOR ALL CITIZENS -- THIS INCLUDES OUTSIDE OF THE COUNTRY SO IT WOULD SEEM AS THOUGH IT WOULD HAVE TO BE AT AN EXCHANGEABLE RATE. [Could it be in usd?] NO CBI HAS PUT IN PLACE THAT IRAQ HAS TO USE THE NATIONAL CURRENCY -- THE DINAR -- THIS WAS MONTHS AGO SO IT WILL BE IN DINAR.
9-23-2014 Newshound Guru Kaperoni Article: "Agreement on Ameri to fill the interior" Goes to show how decisions in Iraq can change daily like the wind blowing. Yesterday they stated they would not vote on the two security ministers until after the EID holiday, yet today they say they have made decisions on these positions and will vote before the holiday (end of the month). I guess we wait and see.
9-23-2014 Intel Guru EXOGEN 15. KURDISTAN HAS BEEN GIVEN THE GREEN LIGHT TO EXPORT OIL GLOBALLY AND BARZANI IS HAPPY 16. ABADI IS UNDER IN COUNTRY PRESSURE TO PAY THE CITIZENS, KEEP HIS WORD, AND DELIVER ON TIME AND NOT BE VIEWED AS THE NEXT MALIKI 17. TONS OF LAWS IN IRAQ ARE BEING RESTRUCTURED 18. THE SYRIA STRIKES WILL OPEN UP A NEW DOOR FOR NATURAL RESOURCES, STRATEGIC MILITARY POSITIONING, POWER AND CONTROL 19. THERE IS A PLAN "A" AND A PLAN "B" ON THE TABLE TO GET THIS PROCESS COMPLETED AND DETOUR IF NEEDED 20. THE USN/TRN IS A VERY INTERESTING CREATURE THAT MANY ARE WAITING AND WATCHING. 21. START PAYING CLOSE ATTENTION TO GLOBAL MARKETS, GOLD & SILVER, MARGIN CALLS, DERIVATIVES, AND THE PRICE & VALUE OF THE UNITED STATES DOLLAR AS IT APPROACHES 86 CENTS. [post 3 of 3]
9-23-2014 Intel Guru EXOGEN 7. THIS WEEK HISTORY WAS MADE AS THE USD DOLLAR STOPPED TRADING OFFICIALLY AND ALL CHARTS SHOW THE HAULT 8. THERE IS GLOBAL PRESSURE IN MOTION AND MANY ARE READY TO STRIKE THE MATCH... 9. IRAQ HAS BILLS AND CONTRACTS THAT ARE DUE AND PAYMENT IS REQUIRED IN IQD 10. USA BANKS ARE 100% READY AND BANK MEMOS HAVE BEEN SENT 11. THERE ARE LAST MINUTE POLITICAL DEBATES AS WHO WILL TAKE THE CREDIT FOR THE GCR/RV 12. IRAQ NOW OFFICIALLY HAS AN "A" CREDIT RATING 13. THE INTERIOR MINISTER/DEFENSE MINISTER DELAY IS A MANUFACTURED DELAY BY DESIGN 14. THE FINAL MEASURES FOR COMPLETE GLOBAL TRANSPARENCY ARE IN MOTION. [post 2 of 3....stay tuned]
9-23-2014 Intel Guru EXOGEN 1. WE HAVE LITERALLY BEEN MINUTES/SECONDS FROM THE GLOBAL RELEASE WITHIN THE LAST COUPLE OF DAYS ON THE BANKING SIDE 2. WAR STOCKS ARE NOW MOVING NOW THAT SYRIAN AIR STRIKES HAVE STARTED, SO THE GROUP THAT WAS HOLDING THE RV/GCR HOSTAGE GOT WHAT THEY WANTED 3. THE HCL HOLDS ALL OF THE KEYS AND CODES TO THE UNLOCKING OF THE TREASURE CHEST 4. HIGH LEVEL RANKING OFFICIALS FROM IRAQ ARE IN THE USA RIGHT NOW (LOOK AND FOLLOW THEM AND THEIR WORDS CLOSELY) 5. EVERY BANK IN THE WORLD IS 100% IN SYNC & THERE ARE NO MORE COMPUTER GLITCHES 6. MORE HIGH LEVEL PEOPLE ARE GETTING UPSET DAILY THAT THIS HAS NOT HAPPENED YET. [post 1 of 3....stay tuned]
9-23-2014 Intel/Newshound Guru Poppy3 [Is the story then untrue the parliament is not voting till after religious holiday?] THEY HAVE BEEN VOTING ON THEIR HOLY DAYS FOR TWO MONTHS I DOUBT THEY HOLD UP NOW.
9-23-2014 Newshound Guru Millionday [...is the removal of the 3 zeros and the old pre-war exchange rate the only things that is pushing the thought that the reality rate maybe one to one or more? Is there any other fact that’s pushing this high exchange rate number?] THERE ARE MANY THINGS THAT ARE BEING CONSIDERED WITH THE RATE -- YEARS AGO SALEH ANNOUNCED THAT IT WOULD BE AROUND WHAT IT WAS IN THE 9O`S WHICH WAS AROUND THE 3`S AND ALSO MANY FEEL AS THOUGH DUE TO THE REGION AND THE STATEMENT THAT IRAQ WOULD BE THE HIGHEST IN THE REGION THAT IT WOULD COME OUT AROUND WHAT KUWAIT IS -- WITHOUT THE CALCULATION WE DONT KNOW -- THEY HAVE TRIED TO EXPLAIN TO THE CITIZENS THAT IT WOULD BE LIKE USING THE DOLLAR AND SOME HAVE TAKEN THAT AS MEANING THE ONE TO ONE BUT NO RATE HAS BEEN RELEASED -- SO NO FACTS ARE INVOLVED. 9-22-2014 Intel Guru Delta Eid holiday will end on Oct 4, however Iraq could declare additional days. IMO, we’ll see the budget, the 2 ministers, and then the HCL. ...why has Abadi been summoned to the USA in 24 hours, and strange that O [Obama] summoned him, but to NYC rather than DC; IMO...if there is more than a security discussion, in his opinion that could be handled on the phone. John Kerry has just made the statement that they will take Iraq internationally – what can that mean aside from an IR, no contracts can be activated or business conducted without the IQD being international so that it can be traded globally. IMO, it’s still possible to see something before the end of Sept or on Oct 1, however no one knows the date.
9-22-2014 Intel Guru Frank26 [via BulldogFord65] ...not looking for a government, they are already formed and meeting, IMO,...not looking for a budget, it’s already done and been revised, IMO; ...looking for laws; the “granddaddy” of all laws is the HCL; IMO, the IR will follow on the heels of the HCL being finalized/enacted. ...we may see the budget on Thursday. This week is interesting as Iraq has a payment due to the BIS and must pay in IQD...there are reviews of program rates in April and September, historically rate changes have occurred at this time, and it’s the 10 year anniversary of the program rate. IMO, first looking for the GOI to be seated on Oct 1, not looking for an IR on Oct 1. IMO, the GOI is formed and functioning, they just need to reveal themselves.
9-22-2014 Newshound Guru Millionday [Is it true parliaments last day is sept 25 and don't return til Oct 8th?] THE NATIONAL IRAQ DAY AND THE HOLIDAY IS NOT A BANKING HOLIDAY OR GOVERNMENT SO I HAVE NOT HEARD THAT THEY WILL BE OFF ALL OF THAT TIME. [When are they scheduled to vote on that basket of currency and economic reform laws?] THIS WEEK THEY ARE SCHEDULED TO VOTE.
9-22-2014 Intel/Newshound Guru tman23 The CBI is closed 10/4 to 10/7...Parliament will be also!!! It is a NATIONAL HOLIDAY. CBI website confirms closed 4-7 [October 4th to 7th].
9-22-2014 Newshound Guru Kaperoni Article: "Determined by the value of the dinar monetary policy" Saleh is describing the definition of the Balassa-Samuelson effect. Quote: "Balassa–Samuelson (BS) hypothesis implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates." In other words, the appreciation of the dinar is directly related to the growth (increased productivity) of the economy. Which is what Saleh is stating in this article above. ...we will see the dinar rise as they open the market economy. That is a fact...it simply has to because raising the value of the dinar is a monetary tool for the CBI to control inflation which will occur as a result of massive investment. Once they are ready, and open the Capital Account, move to Article VIII and a new Exchange Regime, the CBI's task will then become one that monitors capital and investment into Iraq. As that occurs, the dinar will rise in value to offset the inflation it creates. The bottom line, is we have to wait for the new GOI to get to that point..and it will still take time..we are talking laws, stability, security so the market economy is a success.
9-22-2014 Intel Guru Okie_Oil_Man GOOD MONDAY AFTERNOON AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. TODAY, THE BEGINNING OF A BRAND NEW BEAUTIFUL WEEK THAT COULD BE OF HISTORIC PROPORTIONS IN ALL OUR LIVES. THERE ARE SEVERAL MORE THAN POSITIVE OCCURRENCES TRANSPIRED OVER THE WEEKEND. ALMOST TOO NUMEROUS TO MENTION ONE BY ONE BUT IT WAS A CONFLUENCE OF ALL THE POSITIVE MOVEMENTS NECESSARY TO BRING ABOUT OUR DREAMS AND BLESSINGS. STAY ALERT FOR NEWS FLOWING IN NEARLY ON AN HOURLY BASIS. I WILL BE BACK WHEN AUTHORIZED WITH THE DETAIL'S THAT MUST FOR JUST A FEW HOURS BE KEPT PRIVATE.
9-22-2014 Newshound Guru Chattels IMO, ...the Kurds...can expect to be disappointed, at least initially, with the response of the new government to the Kurdish demands. ...if our event happens anytime soon it will be a surprise to me.
9-22-2014 Newshound Guru Shredd Article: "Claims to reconsider the law of economic reform" Quote: "[economic reform] is a good idea and much needed, especially at this stage that requires the transformation of the economy totalitarian central to a market economy." Yes, a great article to start off a Monday with! I know we've said it many times before, but a market economy means Iraq will have a Dinar that is representative of it's true value.
9-22-2014 Newshound Guru Kaperoni Article quote: "After the agreement of the Presidency of the Parliament during a meeting with heads of blocs and members of the parliamentary committees on the continuation of the meetings of the Council until the 30th of September, the current, most likely politicians to postpone the vote on the candidates for the ministries of interior and defense until after the Eid al-Adha..." So they will not name the defense or Interior until after the holiday which ends October 13th. So at least the middle of October before they seat these ministers.
9-22-2014 Newshound Guru Millionday [Is it true parliaments last day is sept 25 and don't return til Oct 8th?] THE NATIONAL IRAQ DAY AND THE HOLIDAY IS NOT A BANKING HOLIDAY OR GOVERNMENT SO I HAVE NOT HEARD THAT THEY WILL BE OFF ALL OF THAT TIME. [When are they scheduled to vote on that basket of currency and economic reform laws?] THIS WEEK THEY ARE SCHEDULED TO VOTE.
9-22-2014 Newshound Guru Kaperoni Article quote: "House of Representatives decided to continue its activities until the end of this month to resume work on the fourteenth of October next, after the end of the holiday." So parliament will continue to work and have sessions through the end of Sept and will take a vacation/break from Oct 1- Oct 13th for a holiday (resuming on the 14th).
9-22-2014 Intel Guru Frank26 [ I believe you are right when you said that Iraq has the last two ministers chosen. An article today said that they will vote on them after the Eid holiday which I believe ends October 14th. You also said in one of your posts that they will not announce them because then they will have to show the rate they have been using. With that logic, it appears that we will not see the IR until after October 14th at the earliest, no?] In a religious land as Iraq is one always has to consider their respect for such holidays. We honestly can not gauge Eid by the last years because nothing happened. IMO, Based on traffic, Noise, Communications within the masques they will be cautious on how much they talk about finances during Eid. Are they waiting for the IR...I Believe they are waiting for Eid to end. IMO, Iraq GOI/CBI is privately... Secretly... Selectively... Carefully talking to Iraqi Citizens. IMO, They are getting help to do this important thing.
9-22-2014 Intel/Newshound Guru Poppy3 I STILL DON'T THINK THEY WILL CHANGE THE RATE TILL THE BASKET OF FINANCIAL LAWS ARE PASSED SO THEY CAN COMPLETE THE WTO PROCESS OF ACCEPTANCE. THAT BASKET IS IN PARLIAMENT AND READY FOR VOTE FROM ALL INFORMATION IN INK . UNKNOWN WHY THEY HAVE NOT BEEN VOTED ON YET BUT THEY ARE EXPECTED AT ANYTIME EVERY MEETING.
9-22-2014 Intel/Newshound Guru tman23 Baghdad – the Parliament decided to continue to hold meetings to Thursday (9/25) and to resume after Eid al-Adha holiday, Wednesday 10/8 which will be about two weeks...THIS GIVES THEM 4 DAYS TO VOTE AND PASS PENDING LEGISLATION.
9-22-2014 Newshound Guru Millionday WE HAVE BEEN TOLD BY MANY SOURCES THAT ARE TRUSTED THAT THE GOAL IS TO OPEN THE BUDGET BY THE 1ST OF OCTOBER --- THEY HAVE MADE IT CLEAR THAT IS THE GOAL. Article quote: "...the parliament will approve a budget for the three months and a half remaining this year, with the exchange rate increase approved by the Parliament earlier on the salaries of employees with retroactive effect from the beginning of this year and will be disbursed next month..." THIS IS SAYING THAT THE BEGINNING OF THE MONTH WILL BE THE THREE MONTHS THAT WILL BE DISBURSED AND IT WILL BE AT THE NEW EXCHANGE RATE. THEY WILL ALSO BE PAYING BACK PAY. [post 2 of 2]
9-22-2014 Newshound Guru Millionday ...THE ISSUES AT THE END OF WHERE THE BUDGET WAS LEFT FROM PREVIOUS GOVERNMENT WAS THE ISSUE WITH THE KURDS AND FEDERAL -- SO NOW ABADI HAS MET WITH BARZANI AND THEY HAVE RESOLVED SO WE ARE IN A VERY GOOD PLACE WITH THE BUDGET AND IT IS EXPECTED TO PASS. ACCORDING TO WHAT THEY ARE SAYING IS THIS WEEK WILL SEE A VOTE FOR THE 2014 BUDGET --- SO THAT WOULD ALLOW THE TIMELINE TO BE REACHABLE AS THEY HAD ANNOUNCED AS THEIR GOAL. PARLIAMENT MEETS TOMORROW [MONDAY] AND TUESDAY. I DID SEE A REPORT ALL ABOUT THE BUDGET AND IT IS IN THE BILLIONS. [post 1 of 2....stay tuned]
9-27-2014 Intel/Newshound Guru tman23 An interesting fact...Volunteers who are fighting terrorism in Iraq are displaying signs of low morale because the state has not paid them as promised and their families are suffering due to their absence...The government must pass the budget for these volunteers to get paid...The same message from Kurdistan as workers are not happy as Eid arrives and money to celebrate is held back...Simply put...Iraq needs to advance payments next week!!!
9-27-2014 Newshound Guru Kaperoni Article: "Maliki refuses to hand over to the palace of Prime Minister al-Abadi" Quote: "In a dangerous precedent, clung Nuri al-Maliki Palace, the Prime Minister refused to hand him over to Dr. Haider Abadi, the new Prime Minister..." I have stated...that Abadi is not living in the PM Palace. That he has been doing his speeches from one of the other preserved palaces under US security. This article is now proof.
9-27-2014 Newshound Guru Chattels Article: "The sources told the National Iraqi News Agency / NINA / that 'the Council of Ministers postponed its meeting, which was scheduled to be held on Saturday to discuss the draft budget for 2014 and the employees' salaries of Kurdistan region until further notice'. " the Council of Ministers postponed meeting today, no budget discussions. Cabinet meeting, scheduled today, postponed until further notice. [ I hope this is a way to throw the media off track, and they will meet behind closed doors, and get everything done.] doubtful given the news from the kurds. Article: "BAGHDAD / NINA / The leading figure of the Kurdistan Alliance, MP Mohsen al-Sadoun ruled out resolving the issues of security ministers and Kurds ministers' return to the federal government before Eid al-Adha." Kurdish MP rules out the return of the Kurds to Baghdad before Eid al-Adha.
9-27-2014 Newshound Guru Millionday [Can we reasonably assume that the budget will finally get approved tomorrow?] YES IT SEEMS THEY ARE VERY CLOSE WITH IT AND HAVE REPORTED THAT THEY ARE NO LONGER DEBATING AND WILL MOVING FORWARD WITH THE BUDGET LAW FOR THE ECONOMIC REFORM PHASE WE ARE NOW IN. [Are the last of the ministers going to be voted in tomorrow [Saturday] too?] THEY ARE REPORTED TO BE BUT AS ALWAYS WE WAIT FOR THE ACTION - THEY ARE SUPPOSED TO HAVE VOTED THROUGH THE INVESTMENT BASKET SO NOW THEY ARE DEMANDING THAT CBI MOVE FORWARD. THEY ARE SAYING IS THAT ALL LAWS AND POLICIES ARE IN PLACE FOR CBI TO MOVE FORWARD AND THEY ARE DEMANDING THAT THEY DO MOVE FORWARD. 9-26-2014 Newshound Guru Lojak Article: "State law: the 2014 budget would be endorsed by Parliament after the Eid holiday" ...things are definitely on the move...
9-26-2014 Intel Guru Tony Everything is in motion -- no bad news!!! Everything is done. All are prepared over there and here. They have been running tests again and doing procedures all week. I am looking forward to this being my last weekend. Have a plan of action. We have been this close but not with everyone in agreement.
9-26-2014 Intel Guru DC Iraq had successful UN meeting and Abadi is back in Iraq. CBI did some tests yesterday. Pinging did occur yesterday and was described as a dress rehearsal to be sure everyone is ready to go including the CBI, central banks, BIS, etc. You don't do a dress rehearsal a month in advance . It is usually done right before...not saying today but all in the world are ready for it. Their TV is still saying economic reforms coming soon or immediately. They are preparing their people for a rate change in Iraq. It is extremely likely they will make good on telling peeps new RV rate Oct. 1. It is different this time because the GOI wants to get this done, there is more transparency, the US administration is supportive and all political operatives on board. Bottom line. Everything looks wonderful. Everyone is prepared. Everyone is ready for this to go through. Not much else to say.
9-26-2014 Newshound Guru Blue Article quote: "Analysts say the camp Maliki is trying to confuse the government Abadi, through its support of the nomination of Hadi al-Ameri, leader of the Badr Brigade, one of the largest armed militias controversial, to the post of Minister of the Interior, and to mobilize the support of other militias and Shiite Islamist factions to support this nomination. Observers believe that the camp Maliki knows that this nomination can set off all the signs of reconciliation between the main components of the country, and that the alliance of the Iraqi forces, which represents the Sunni provinces, can not accept this nomination." This explains why the Kurds smoothly said they are all good with "whoever" the NA nominates... they did not want to step into Maliki's trap.. did not want to allow Maliki to manipulate them. Sunnis seem to be making wise moves as well.. they are cooperating with the operation in Fallujah... Abadi has remained steadfast...Maliki is about to step on a banana peel.
9-26-2014 Intel Guru Mnt Goat Summary: We continue to wait once again for the controversial ministers to be seated...the Defense and Security ministers...I am told there is very good possibility this could happen in next week’s sessions in parliament along with possibly the budget being voted on. I think the 2014 budget is being held hostage until these ministers are seated. Let us also not lose sight of the 27 demands as part of their Unity Plan (unification of the three major secs) now in progress. Many of these economic demands have a 1 month implementation timeline so we could see much progress by mid October in this area. Then when can we expect the RV? ...we wait for a formal (global) announcement to the public that the Iraq government is now fully formed and seated...this final announcement of the IQD going international will not happen until the USA feels the country of Iraq and its government is stable, non-sectarian and is a functional government. This is has been the plan all along. [post 3 of 3]
9-26-2014 Intel Guru Mnt Goat Some say the RV has already happened. I do know for a fact it has happened on paper but the impact is minimal and is being withheld globally due to this new terrorist attacks and the instability it has brought to the region. To what extent does ISIS have to be controlled in Syria and in Iraq to allow economic and financial stability to blossom in Iraq? I believe they will meet this criteria when the Iraq government is completed (more stability) and is able to perform the defensive and security measures needed to secure the boarders of Iraq (more stability) on their own. Then we have a real good shot at seeing this RV. [post 2 of 3....stay tuned]
9-26-2014 Intel Guru Mnt Goat ...this week Iraq sessions once again did not get the needed votes to confirm the last of the few ministers. I am hearing this is once again on the agenda for next week along with the first of the readings on some new laws, treaties and reforms dealing with the economy and financial reform list. Remember also we were told 4 years ago there would be no RV without the Erbil reforms. This still holds true. Many of these past Erbil reforms are now part of the 27 reform list. The latest of the reform is scheduled to be completed by February of 2015. [post 1 of 3....stay tuned] 9-25-2014 Newshound Guru Kaperoni Then he finishes by saying this..."In my opinion the Iraqi dinar had bottomed out and will recover soon but how fast and how soon remains "wishful thinking!" - I am sure we will start hearing more about monetary policies very soon." [Kaperoni, When do you suppose this RV shall happen then? IYHO] i let the experts decide that...but it sounds as soon as stability sets in. IMO they need the laws to support the transition to a market economy and banking laws to support international investors. Once we see that done, we are close. And I would hope to see the CBI talking about Article VIII...when the CBI moves to article VIII, it must float...no options. [post 2 of 2] [See the possible "to do list" in the Dinar Guru Resource Bar on the left of this page]
9-25-2014 Newshound Guru Kaperoni Ok so i had the translator read through this...all the credit goes to him...This sixteen page "academic" analysis by Dr. Mathhar Saleh is extensive. He touches on the fundamentals as well as the technical factors that affect the value of the dinar...from what I read and between the lines is that the dinar is undervalued at the present time and at the first sign of stability in the security situation there will be more pressure to raise the value of the dinar and quickly...obviously supply and demand is a major factor if you want to float the currency. Demand will come with stability and monetary policies by "forcing" companies to accept getting paid in dinars and that day may come but when is the million dollar question! [post 1 of 2....stay tuned]
9-25-2014 Newshound Guru Enorrste However, the removal of the three zero notes, in itself, is NOT a part of their monetary policy. Therefore, this has nothing whatsoever to do with a LOP. To further prove the point, all we have to do is read this quote from the article itself: "He continued by saying, 'It was supposed to be a project to raise zeros culmination of the efforts of the Central Bank, to put us in front of the completion of a historical era important in the monetary history of contemporary Iraqi," Clearly a LOP is not a major historic event. Countries have done it many times over with no appreciable effect worldwide. However, THIS project is different in that it will put Iraq at the "front" of the line, so to speak. In short, this article has nothing to do with a LOP while at the same time re-affirming what we already know: that the removal of the three zero notes will lead to a major rise in the value of the dinar. [post 2 of 2]
9-25-2014 Newshound Guru Enorrste Article: "Economists are demanding action against the Central Bank to intervene and call for respect for its resolutions" [Shabibi's statement:] "the process of deletion of zeros is not an economic process, so it does not affect inflation," explaining that "what affects inflation is monetary policy, and that the deletion of zeros does not fall within the monetary policy, which is not of their tools." When Shabibi says that the removal of the three zeros is not an "economic process" he is simply saying that the actual removal of the large notes from circulation has nothing to do with "economic policy". He is quite specific in this regard, because he says that the removal of the notes themselves is not one of the "tools" of the CBI monetary policy. Monetary policy is driven by two tools essentially: the money supply itself, and raising or lowering of interest rates. Through either of these the CBI can affect growth monetarily. [post 1 of 2]
9-25-2014 Intel/Newshound Guru tman23 SO, The General Secretary Council of Ministers call for today (Thursday) to be a public holiday in Baghdad in honor of...martyrdom of AL- Imam, Mohammed al-Jawad. But records show that the death of Jawad was the 29th. So the question to ask is...Why today, Why a 2 day notice to observe? IMO there is oh so much more to this.
9-25-2014 Intel Guru Frank26 This is one of the key issues that my TEAMS wanted to convey last night via me...IT IS THE FACT That powerful economists AND Dr Shabibi AND THE CBI not suggesting but explaining that THE CBI NEEDS to and STILL PLANS to lift the 000's...IS SO VERY IMPORTANT TO OUR HOPE!!! THE FACT that THE CBI IS TALKING about lifting the 000's is because...THEY WANT TOO!!! Or they would continue to be Illusive. They are being VERY DIRECT...TO THE POINT.
9-25-2014 Newshound Guru Mailman17 VERY RARE, IF EVER HAS THE POP MET WITH THE CBI GOVERNOR REGARDING ANY MATTER. I BELIEVE THIS MEETING WAS THE CBI TELLING JABOURI TO GET THESE LAWS PASSED THIS WEEK...AS THEY INDEED ARE NEEDED FOR HIM TO MAKE A RATE CHANGE. THAT GOES FOR THE BUDGET AS WELL. HYPER SPEED HAS BEEN THE ONLY SPEED THE GOI HAS BEEN AT...AND I THINK THEY ARE EVEN GONNA GO FASTER THAN THAT. OCT 1 IS STILL A DATE TO LOOK FOR. AS FAR AS THE DEFENSE MINISTER AND THE HCL...I EXPECT THOSE TO BE DONE AS WELL BY OCT 1. WE ARE FINALLY AT THE END OF THIS RIDE...AND UNLIKE THE OLD DAYS WHERE WE EXPECTED THE ROLLER COASTER TO COME TO A HALT...THIS ONE IS GAINING SPEED AND WILL BREAK THROUGH THE GUARD WITH THE RV AT THE FRONT...JMO.
9-25-2014 Intel/Newshound Guru Poppy3 6 DAYS TILL OCT 1 WHEN WE SHOULD SEE LOTS OF CHANGES AND A RV VERY SHORTLY AFTER IF THEY MEET THEIR DEADLINES ON PAYMENTS.
9-25-2014 Newshound Guru Lojak From everything I know (I dont do opinion), the plan is still in place, the ministers will be seated and behind the scenes Shabibi is in charge. Do you really think the IMF/US would allow some clown to run the CBI? not. They need to pay thousands of troops in both armies over there months of back pay, pay salaries of the Kurds etc. Just let things flow...Its all gonna work out.
9-25-2014 Intel Guru TerryK IM HEARING FRIDAY MAYBE OUR MAGIC DAY.
9-25-2014 Newshound Guru Adam Montana [Do you this will happen, before they take another religious holiday?] If next week is considered a religious holiday, then my answer is "no". However... I have to admit that I was pleasantly surprised at how much got done during Ramadan this year. I think we are looking at a new Iraq, so I'm not ruling anything out at this time.
9-25-2014 Newshound Guru Millionday THEY...HAD A PRESS STATEMENT TO CITIZENS THAT BUDGET WILL BE DONE AND IS CONFIRMED. THEY DONT WANT THE 10,000 NOTE REPRINTED AND OUT AND ARE ASKING TO MOVE FORWARD WITH THE NEW MONETARY POLICY NOW. THE REMOVAL OF THE THREE ZERO CURRENCY AND CHANGE IN RATE WOULD GIVE THEM BACK THE RESPECT IN THE REGION FOR THEIR MONETARY VALUE. THE TIME TO REMOVE THE THREE ZERO CURRENCY IS NOW DUE TO THE BALANCE WITHIN THE COUNTRY`S ECONOMICS AND STABILITY OF THE EXCHANGE RATE. THE RESPONSE FROM THE GOVERNOR OF CBI IS THAT HE NEEDS TO SUPPORT THE MOVE OF REFORMS IN THE COUNTRY. [So basically the parliament told the CBI to go ahead with the currency reforms and the CBI governor said he would stand by it?] YES THAT IS WHAT THE REPORT IS TELLING US AND I LOVE IT. I THINK WHEN THE BUDGET IS PASSED THINGS WILL MOVE VERY FAST DUE TO DISTRIBUTIONS IN THE BUDGET ITSELF. 9-24-2014 Intel/Newshound Guru Poppy3 EVEN WITH THESE VERY FEW THINGS LEFT THAT POSSIBLY COULD EFFECT OUR BLESSING ALL SIGNS AND I MEAN ALL POINT THAT WE ARE CLOSER THAN EVER AND WE NOW HAVE A PM THAT IS PUSHING WITH ALL HE IS WORTH...HE HAS HAD THEM WORK THROUGH HOLY DAYS AND EVERY BREAK THEY HAVE TRIED TO TAKE HE HAS CANCELED AND ORDERED THEM TO MEET AND WORK. I DON'T SEE THEM BEING ABLE TO TAKE A BREAK TILL HIS GOI IS SEATED AND THE ENTIRE AGENDA COMPLETED LIKE THE HCL, BUDGET, MINISTERS, AND LAWS ARE ALL VOTED ON AND WE KNOW THEIR TARGET IS OCT 1 AT THIS TIME. THIS IS AWESOME AND ABSOLUTELY 180* OPPOSITE MALIKI. ALL GREAT. [post 2 of 2]
9-24-2014 Intel/Newshound Guru Poppy3 I STILL DON’T THINK THEY WILL CHANGE THE RATE TILL THE BASKET OF FINANCIAL LAWS ARE PASSED SO THEY CAN COMPLETE THE WTO PROCESS OF ACCEPTANCE. THAT BASKET IS IN PARLIAMENT AND READY FOR VOTE FROM ALL INFORMATION IN INK . UNKNOWN WHY THEY HAVE NOT BEEN VOTED ON YET BUT THEY ARE EXPECTED AT ANYTIME EVERY MEETING. SOME DON'T THINK THE BANKING LAWS HAVE MUCH BEARING ON THE RV. I ...HAVE BEEN TOLD THEY HAVE TO FINISH THE LAW TO BE ABLE TO COMPLETE THE APPLICATION TO THE WTO. I DO THINK THEY CAN RV WITHOUT THESE BUT BEFORE WE CAN CASH OUT THAT APPLICATION MUST BE COMPLETED TIME WILL TELL. [post 1 of 2....stay tuned]
9-24-2014 Newshound Guru Kaperoni [Any hunches on what the "urgent message" would be that would require Al-Abadi to leave Baghdad to go to UN to meet Obama? Seems a secure video conference would suffice for any "message" (seems an odd time to remove him from Baghdad will all that is going on?)] it all seems (at least reported) to be related to military efforts. UNSC wanted to get these leaders all together to deal with ISIL. That is a pretty signifcant issue. What Obama wants to say to Abadi, no idea.
9-24-2014 Dinar Guru Video Email will be sent to Dinar Guru members at 8:30pm eastern tonight. TONS of positive news coming from the gurus from all corners BUT still lots of disagreement on the details. You will not want to miss this video. If you're not a Dinar Guru member now's as good a time as any to join over 85,000 of your peer on the Official Dinar Guru RV Alert List...click here now.
9-24-2014 Intel Guru MarkZ Things are lining up for a historic weekend. I am excited but staying grounded.
9-24-2014 Newshound Guru Adam Montana [When do you think the HCL will be all cleared up?] ...it really looks like they are moving dates up, and we could see it very .... (cringe)... *soon*. [ If and after this HCL passes and there is no RV, THEN where are we?] Here's my opinion...The most important things for Iraq, the things that NEEDED to happen before an RV, were always these: 1. Seated GOI (99% DONE, and even better - we definitely have a better GOI than ever before!) 2. Chapter 7 released (DONE.) 3. HCL (SO CLOSE!). 3 things...that's all I wanted. Right now we have 2 down, one to go... and that last one is perched on the edge, about to fall onto the scorecard as a WIN. [See the possible "to do list" in the Dinar Guru Resource Bar on the left of this screen]
9-24-2014 Comedian Guru fishman1969 As I have been saying "Abadi in motion tends to stay in motion"...so keep that Abadi movin!!!
9-24-2014 Newshound Guru Aggiedad77 Article: "Al-Jubouri, the central bank governor: the need to maintain currency stability and to address the process of money laundering" When was the last time that we saw CBI governor going to the Parliament Speaker and having a "frank" discussion on how they can work together in support of each other....the new CBI governor clearly has a game plan in hand as to how he can work with the Parliament in doing what??? getting new laws passed that will help stabilize their currency and at the same time protect it against money laundering...not counterfeiting...but money laundering...corruption...a key part of Abadi's whole program...removing corruption from all areas...the CBI is seen going forward as supporting the Parliament's efforts with reform and further work on their behalf...this is some of the work on new laws that are being worked on...this is good...positive, proactive stuff.
9-24-2014 Newshound Guru tman23 Can not confirm but signs are there were a huge number of laws being voted on last night (today)...There was a host of corporate representatives in Erbil yesterday supporting investments in Kurdistan through the IBBC...Shaways the newly elected Finance Minister is very active with the IBBC and Ahmed who is the General Secretary Council of Ministers is also an active participant...Just figure that the latest group visting Erbil for investments indicates laws being enacted that would make these corporations feel comfortable furthering their investments.
9-24-2014 Newshound Guru Millionday THEY ARE PREPARING THE ISLAMIC BANKS TO INTERNATIONAL COMPLIANCE TO PREPARE FOR THE DEVELOPMENT. THIS IS THE MOVE TO ALIGN THE BANKS TO THE INTERNATIONAL BANKING SYSTEM. THIS OF COURSE WILL ALSO EFFECT THE MARKET AND THEY ARE ALIGNING ELECTRONICALLY WITH ALL THE BANKS THEY HAVE IN ALL 57 COUNTRIES AND THE BANKS THEY ARE IN BUSINESS WITH. THEY ARE SAYING...THAT CBI NEEDS TO BE PREPARED BECAUSE IRAQ IS MOVING TO ITS DEVELOPMENT ECONOMICALLY WITH THEIR BANKING REFORM...GREAT NEWS.
9-24-2014 Newshound Guru Adam Montana Kurdish OIL profits are currently bypassing Baghdad, which is a pretty forcing move by the KRG. I've been saying for a while now that Baghdad is going to have to start playing nice, and with Maliki out of the throne and a more cooperative Abadi at the helm... it's looking more and more like Iraq is going to become significantly more unified, and we have front row seats. The next obvious step after the budget is the HCL, and of course - no question in my mind AT ALL - once the HCL is done, we WILL see the dinar going UP! The bottom line right now is this - We're seeing a lot of major changes in Iraq. Abadi has a lot of work to do to clean up all of Maliki's mess, but when the Iraqi Parliament acts faster than expected... things are heating up, and in a GOOD way! [post 2 of 2]
9-24-2014 Newshound Guru Adam Montana You might not believe this at first, and you probably need to sit down before you read this next sentence...Parliament actually moved a date UP for possibly the first time in recorded history! Even crazier than that groundbreaking, record setting, earth shattering news is this... THEY ACTUALLY DID IT! But wait, it gets better! On the table today or tomorrow is the Budget, which is always a big pain in the neck... but...they are talking about a paltry increase (from 17% to 20%) in funds to Kurdistan. Let me piece that together real quick: [post 1 of 2....stay tuned]
9-24-2014 Newshound Guru Millionday [First vote on amendments to this investment law of 2006 is on the agenda tomorrow (Wednesday) in parliament.] IT IS REPORTED TO BE IN A BASKET THAT INCLUDES ALL CHANGES FOR INVESTMENT AND ALL LAWS TO MOVE FORWARD IN THE MARKET... [if it passes, does this mean we could RV later this week?] THESE LAWS ARE FOR THE INVESTORS WHICH WILL REQUIRE A REALITY RATE DUE TO THE GLOBAL MARKET. WE DONT HAVE A TIME OR DATE BUT THEY ARE WORKING TOWARD THE ECONOMIC REFORM IN ALL REPORTS WE HAVE SEEN LATELY AND THAT INVOLVES THE DINAR TO BE SET FOR TRADE. THURSDAY IS TO BE MINISTERS BY WHAT I HAVE SEEN. BUDGET TO VOTE IN A COUPLE DAYS, AS IN TWO, ACCORDING TO REPORTS...ADJUSTMENTS HAVE BEEN DONE AND NOW THEY ARE PREPARED TO SEND IT FOR VOTE. THEY HAVE UNTIL SATURDAY TO VOTE IT THROUGH TO HAVE IT DONE AND IN LAW. THEY ARE WORKING FASTER THAN WE HAVE EVER SEEN.
9-24-2014 Intel/Newshound Guru tman23 ...important are dates between 9/27 -9/30 to see if Parliament proceeds with reading laws and voting...I am stuck on 10/7 -10/9 to see some changes...time will tell...This currency IQD was devalued because of locking Iraq down purposes and war...It will be re-introduced for the same reasons "security purposes"...and the locking down the IQD will be reversed.
9-24-2014 Newshound Guru Kaperoni As long as they continue with daily currency auctions it is unlikely their is a reduction of notes at this time (especially since they reprinting replacement notes). Remember, the auctions job is first and foremost to stabilize the exchange rate which is accomplished by creating a "balance" of dinar to dollar in the marketplace. Removing dinar from circulation would cause a demand on dinar and effect the exchange rate. IMO, a reduction of notes will come as a result of the process once they begin...which is months off at best since laws are not in place to support the economy/banking sector. 9-23-2014 Intel Guru DC [via Adept1] More banking and finance legislation passed, interior and defense ministers are seated. The CBI is ready, just waiting. ON the television, they are still running the same announcements saying economic reforms are coming very soon or immediately, with locations in many areas where people can exchange as well as merchants changing their prices. Again, people are highly frustrated and tension is high to get this done across the world. Those who believe this is months off -- why would they do this to their people now? According to our sources, part of their talks Sunday and yesterday and today are saying “we are ready, done all the last-minute things, let’s get this done!” In DC everyone is cued up and ready, the same BIS/IMF hold on their screens. We believe there will be a high and middle contract rate, and everyone else will get the international or market rate, and that will be somewhere between 3.50 and 4 dollars. It is done; it is coming. They are ready in Iraq, at the UN, and in the banks. We don’t know exactly when, but it is happening.
9-23-2014 Intel Guru Bluwolf There is a lot of issues transpiring, some very negative some very overwhelming in the positive. Banks and Forex personnel have gone in silent mode now, many providers have chosen to do the same. Expect UN presence to disclose a magnificent opportunity for an announcement or signal. Legacies are back on the tables, truth are now shadowing what is expected, everything is to happen in a moments notice. News reports coming in from certain places is to deceive while all gets revealed.
9-23-2014 Newshound Guru Millionday THE EID FEAST AND HOLIDAY IS OCT 5TH THROUGH THE 7TH. [Is the story then untrue the parliament is not voting till after religious holiday?] PARLIAMENT WAS REPORTED TO NOT BE WORKING -- IT IS UNTRUE -- WE WOULD HOPE THAT THEY ARE VOTING FOR THE MINISTERS...
9-23-2014 Intel Guru TNT Tony [via Adept1] Yes, the RV is going to happen. We are in good position. It was on the agenda yesterday morning. Last Friday people in the mosques were highly upset and it came off TV for awhile and now it is back on...telling their people they are the richest in the region again. Parliament has been there every day, taking votes and changing the laws. The ministers have been voted in for two weeks, by a large majority – the interior minister’s vote was unanimous! We know HCL has been passed. Over the weekend, everyone was back in the banks, and they were told that they would be busy on Monday and Tuesday. Everyone anticipated it yesterday. On the international stage, they are saying they have the numbers now. But we are just waiting. Its already in the system, it is happening, and we are just waiting until the time it happens. I expect it before the 1st, but I don’t know when it’s actually going to happen.
9-23-2014 Intel Guru EXOGEN DO YOU REALLY THINK THE UNITED NATIONS SECURITY COUNCIL WOULD ALLOW GLOBAL STRIKES TO BE COORDINATED OUT OF IRAQ IF THERE WAS NO DEFENSE MINISTER, NO INTERIOR MINISTER, NO COMPLETED GOI, AND THE COUNTRY STILL HAS A CURRENCY VALUED AT 1/8 OF A PENNY TO NOW PAY THE NEW GLOBAL WAR BILLS AND DEBTS?
9-23-2014 Newshound Guru Millionday [...did the budget and the HCL get approved...?] THE BUDGET DID NOT AND IS ON AGENDA FOR THURSDAY AFTER THE READING HAS TAKEN PLACE FIRST READING I BELIEVE HAS BEEN DONE --- THE HCL HAS BEEN APPROVED AND IS ON SHELF FOR THE ACTUAL USE...THE AMENDMENTS WERE AGREED ON WITH THE KURDS SO THAT WILL BE ADDED. [Do you feel the budget might bring the reality rate...?] THEY HAVE STATED THAT THE BUDGET WILL BE FOR THE LAST THREE MONTHS AND HAVE STATED IN MANY REPORTS THAT IT WILL BE AT THE NEW PAY FOR DISBURSEMENT FOR ALL CITIZENS -- THIS INCLUDES OUTSIDE OF THE COUNTRY SO IT WOULD SEEM AS THOUGH IT WOULD HAVE TO BE AT AN EXCHANGEABLE RATE. [Could it be in usd?] NO CBI HAS PUT IN PLACE THAT IRAQ HAS TO USE THE NATIONAL CURRENCY -- THE DINAR -- THIS WAS MONTHS AGO SO IT WILL BE IN DINAR.
9-23-2014 Newshound Guru Kaperoni Article: "Agreement on Ameri to fill the interior" Goes to show how decisions in Iraq can change daily like the wind blowing. Yesterday they stated they would not vote on the two security ministers until after the EID holiday, yet today they say they have made decisions on these positions and will vote before the holiday (end of the month). I guess we wait and see.
9-23-2014 Intel Guru EXOGEN 15. KURDISTAN HAS BEEN GIVEN THE GREEN LIGHT TO EXPORT OIL GLOBALLY AND BARZANI IS HAPPY 16. ABADI IS UNDER IN COUNTRY PRESSURE TO PAY THE CITIZENS, KEEP HIS WORD, AND DELIVER ON TIME AND NOT BE VIEWED AS THE NEXT MALIKI 17. TONS OF LAWS IN IRAQ ARE BEING RESTRUCTURED 18. THE SYRIA STRIKES WILL OPEN UP A NEW DOOR FOR NATURAL RESOURCES, STRATEGIC MILITARY POSITIONING, POWER AND CONTROL 19. THERE IS A PLAN "A" AND A PLAN "B" ON THE TABLE TO GET THIS PROCESS COMPLETED AND DETOUR IF NEEDED 20. THE USN/TRN IS A VERY INTERESTING CREATURE THAT MANY ARE WAITING AND WATCHING. 21. START PAYING CLOSE ATTENTION TO GLOBAL MARKETS, GOLD & SILVER, MARGIN CALLS, DERIVATIVES, AND THE PRICE & VALUE OF THE UNITED STATES DOLLAR AS IT APPROACHES 86 CENTS. [post 3 of 3]
9-23-2014 Intel Guru EXOGEN 7. THIS WEEK HISTORY WAS MADE AS THE USD DOLLAR STOPPED TRADING OFFICIALLY AND ALL CHARTS SHOW THE HAULT 8. THERE IS GLOBAL PRESSURE IN MOTION AND MANY ARE READY TO STRIKE THE MATCH... 9. IRAQ HAS BILLS AND CONTRACTS THAT ARE DUE AND PAYMENT IS REQUIRED IN IQD 10. USA BANKS ARE 100% READY AND BANK MEMOS HAVE BEEN SENT 11. THERE ARE LAST MINUTE POLITICAL DEBATES AS WHO WILL TAKE THE CREDIT FOR THE GCR/RV 12. IRAQ NOW OFFICIALLY HAS AN "A" CREDIT RATING 13. THE INTERIOR MINISTER/DEFENSE MINISTER DELAY IS A MANUFACTURED DELAY BY DESIGN 14. THE FINAL MEASURES FOR COMPLETE GLOBAL TRANSPARENCY ARE IN MOTION. [post 2 of 3....stay tuned]
9-23-2014 Intel Guru EXOGEN 1. WE HAVE LITERALLY BEEN MINUTES/SECONDS FROM THE GLOBAL RELEASE WITHIN THE LAST COUPLE OF DAYS ON THE BANKING SIDE 2. WAR STOCKS ARE NOW MOVING NOW THAT SYRIAN AIR STRIKES HAVE STARTED, SO THE GROUP THAT WAS HOLDING THE RV/GCR HOSTAGE GOT WHAT THEY WANTED 3. THE HCL HOLDS ALL OF THE KEYS AND CODES TO THE UNLOCKING OF THE TREASURE CHEST 4. HIGH LEVEL RANKING OFFICIALS FROM IRAQ ARE IN THE USA RIGHT NOW (LOOK AND FOLLOW THEM AND THEIR WORDS CLOSELY) 5. EVERY BANK IN THE WORLD IS 100% IN SYNC & THERE ARE NO MORE COMPUTER GLITCHES 6. MORE HIGH LEVEL PEOPLE ARE GETTING UPSET DAILY THAT THIS HAS NOT HAPPENED YET. [post 1 of 3....stay tuned]
9-23-2014 Intel/Newshound Guru Poppy3 [Is the story then untrue the parliament is not voting till after religious holiday?] THEY HAVE BEEN VOTING ON THEIR HOLY DAYS FOR TWO MONTHS I DOUBT THEY HOLD UP NOW.
9-23-2014 Newshound Guru Millionday [...is the removal of the 3 zeros and the old pre-war exchange rate the only things that is pushing the thought that the reality rate maybe one to one or more? Is there any other fact that’s pushing this high exchange rate number?] THERE ARE MANY THINGS THAT ARE BEING CONSIDERED WITH THE RATE -- YEARS AGO SALEH ANNOUNCED THAT IT WOULD BE AROUND WHAT IT WAS IN THE 9O`S WHICH WAS AROUND THE 3`S AND ALSO MANY FEEL AS THOUGH DUE TO THE REGION AND THE STATEMENT THAT IRAQ WOULD BE THE HIGHEST IN THE REGION THAT IT WOULD COME OUT AROUND WHAT KUWAIT IS -- WITHOUT THE CALCULATION WE DONT KNOW -- THEY HAVE TRIED TO EXPLAIN TO THE CITIZENS THAT IT WOULD BE LIKE USING THE DOLLAR AND SOME HAVE TAKEN THAT AS MEANING THE ONE TO ONE BUT NO RATE HAS BEEN RELEASED -- SO NO FACTS ARE INVOLVED. 9-22-2014 Intel Guru Delta Eid holiday will end on Oct 4, however Iraq could declare additional days. IMO, we’ll see the budget, the 2 ministers, and then the HCL. ...why has Abadi been summoned to the USA in 24 hours, and strange that O [Obama] summoned him, but to NYC rather than DC; IMO...if there is more than a security discussion, in his opinion that could be handled on the phone. John Kerry has just made the statement that they will take Iraq internationally – what can that mean aside from an IR, no contracts can be activated or business conducted without the IQD being international so that it can be traded globally. IMO, it’s still possible to see something before the end of Sept or on Oct 1, however no one knows the date.
9-22-2014 Intel Guru Frank26 [via BulldogFord65] ...not looking for a government, they are already formed and meeting, IMO,...not looking for a budget, it’s already done and been revised, IMO; ...looking for laws; the “granddaddy” of all laws is the HCL; IMO, the IR will follow on the heels of the HCL being finalized/enacted. ...we may see the budget on Thursday. This week is interesting as Iraq has a payment due to the BIS and must pay in IQD...there are reviews of program rates in April and September, historically rate changes have occurred at this time, and it’s the 10 year anniversary of the program rate. IMO, first looking for the GOI to be seated on Oct 1, not looking for an IR on Oct 1. IMO, the GOI is formed and functioning, they just need to reveal themselves.
9-22-2014 Newshound Guru Millionday [Is it true parliaments last day is sept 25 and don't return til Oct 8th?] THE NATIONAL IRAQ DAY AND THE HOLIDAY IS NOT A BANKING HOLIDAY OR GOVERNMENT SO I HAVE NOT HEARD THAT THEY WILL BE OFF ALL OF THAT TIME. [When are they scheduled to vote on that basket of currency and economic reform laws?] THIS WEEK THEY ARE SCHEDULED TO VOTE.
9-22-2014 Intel/Newshound Guru tman23 The CBI is closed 10/4 to 10/7...Parliament will be also!!! It is a NATIONAL HOLIDAY. CBI website confirms closed 4-7 [October 4th to 7th].
9-22-2014 Newshound Guru Kaperoni Article: "Determined by the value of the dinar monetary policy" Saleh is describing the definition of the Balassa-Samuelson effect. Quote: "Balassa–Samuelson (BS) hypothesis implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates." In other words, the appreciation of the dinar is directly related to the growth (increased productivity) of the economy. Which is what Saleh is stating in this article above. ...we will see the dinar rise as they open the market economy. That is a fact...it simply has to because raising the value of the dinar is a monetary tool for the CBI to control inflation which will occur as a result of massive investment. Once they are ready, and open the Capital Account, move to Article VIII and a new Exchange Regime, the CBI's task will then become one that monitors capital and investment into Iraq. As that occurs, the dinar will rise in value to offset the inflation it creates. The bottom line, is we have to wait for the new GOI to get to that point..and it will still take time..we are talking laws, stability, security so the market economy is a success.
9-22-2014 Intel Guru Okie_Oil_Man GOOD MONDAY AFTERNOON AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. TODAY, THE BEGINNING OF A BRAND NEW BEAUTIFUL WEEK THAT COULD BE OF HISTORIC PROPORTIONS IN ALL OUR LIVES. THERE ARE SEVERAL MORE THAN POSITIVE OCCURRENCES TRANSPIRED OVER THE WEEKEND. ALMOST TOO NUMEROUS TO MENTION ONE BY ONE BUT IT WAS A CONFLUENCE OF ALL THE POSITIVE MOVEMENTS NECESSARY TO BRING ABOUT OUR DREAMS AND BLESSINGS. STAY ALERT FOR NEWS FLOWING IN NEARLY ON AN HOURLY BASIS. I WILL BE BACK WHEN AUTHORIZED WITH THE DETAIL'S THAT MUST FOR JUST A FEW HOURS BE KEPT PRIVATE.
9-22-2014 Newshound Guru Chattels IMO, ...the Kurds...can expect to be disappointed, at least initially, with the response of the new government to the Kurdish demands. ...if our event happens anytime soon it will be a surprise to me.
9-22-2014 Newshound Guru Shredd Article: "Claims to reconsider the law of economic reform" Quote: "[economic reform] is a good idea and much needed, especially at this stage that requires the transformation of the economy totalitarian central to a market economy." Yes, a great article to start off a Monday with! I know we've said it many times before, but a market economy means Iraq will have a Dinar that is representative of it's true value.
9-22-2014 Newshound Guru Kaperoni Article quote: "After the agreement of the Presidency of the Parliament during a meeting with heads of blocs and members of the parliamentary committees on the continuation of the meetings of the Council until the 30th of September, the current, most likely politicians to postpone the vote on the candidates for the ministries of interior and defense until after the Eid al-Adha..." So they will not name the defense or Interior until after the holiday which ends October 13th. So at least the middle of October before they seat these ministers.
9-22-2014 Newshound Guru Millionday [Is it true parliaments last day is sept 25 and don't return til Oct 8th?] THE NATIONAL IRAQ DAY AND THE HOLIDAY IS NOT A BANKING HOLIDAY OR GOVERNMENT SO I HAVE NOT HEARD THAT THEY WILL BE OFF ALL OF THAT TIME. [When are they scheduled to vote on that basket of currency and economic reform laws?] THIS WEEK THEY ARE SCHEDULED TO VOTE.
9-22-2014 Newshound Guru Kaperoni Article quote: "House of Representatives decided to continue its activities until the end of this month to resume work on the fourteenth of October next, after the end of the holiday." So parliament will continue to work and have sessions through the end of Sept and will take a vacation/break from Oct 1- Oct 13th for a holiday (resuming on the 14th).
9-22-2014 Intel Guru Frank26 [ I believe you are right when you said that Iraq has the last two ministers chosen. An article today said that they will vote on them after the Eid holiday which I believe ends October 14th. You also said in one of your posts that they will not announce them because then they will have to show the rate they have been using. With that logic, it appears that we will not see the IR until after October 14th at the earliest, no?] In a religious land as Iraq is one always has to consider their respect for such holidays. We honestly can not gauge Eid by the last years because nothing happened. IMO, Based on traffic, Noise, Communications within the masques they will be cautious on how much they talk about finances during Eid. Are they waiting for the IR...I Believe they are waiting for Eid to end. IMO, Iraq GOI/CBI is privately... Secretly... Selectively... Carefully talking to Iraqi Citizens. IMO, They are getting help to do this important thing.
9-22-2014 Intel/Newshound Guru Poppy3 I STILL DON'T THINK THEY WILL CHANGE THE RATE TILL THE BASKET OF FINANCIAL LAWS ARE PASSED SO THEY CAN COMPLETE THE WTO PROCESS OF ACCEPTANCE. THAT BASKET IS IN PARLIAMENT AND READY FOR VOTE FROM ALL INFORMATION IN INK . UNKNOWN WHY THEY HAVE NOT BEEN VOTED ON YET BUT THEY ARE EXPECTED AT ANYTIME EVERY MEETING.
9-22-2014 Intel/Newshound Guru tman23 Baghdad – the Parliament decided to continue to hold meetings to Thursday (9/25) and to resume after Eid al-Adha holiday, Wednesday 10/8 which will be about two weeks...THIS GIVES THEM 4 DAYS TO VOTE AND PASS PENDING LEGISLATION.
9-22-2014 Newshound Guru Millionday WE HAVE BEEN TOLD BY MANY SOURCES THAT ARE TRUSTED THAT THE GOAL IS TO OPEN THE BUDGET BY THE 1ST OF OCTOBER --- THEY HAVE MADE IT CLEAR THAT IS THE GOAL. Article quote: "...the parliament will approve a budget for the three months and a half remaining this year, with the exchange rate increase approved by the Parliament earlier on the salaries of employees with retroactive effect from the beginning of this year and will be disbursed next month..." THIS IS SAYING THAT THE BEGINNING OF THE MONTH WILL BE THE THREE MONTHS THAT WILL BE DISBURSED AND IT WILL BE AT THE NEW EXCHANGE RATE. THEY WILL ALSO BE PAYING BACK PAY. [post 2 of 2]
9-22-2014 Newshound Guru Millionday ...THE ISSUES AT THE END OF WHERE THE BUDGET WAS LEFT FROM PREVIOUS GOVERNMENT WAS THE ISSUE WITH THE KURDS AND FEDERAL -- SO NOW ABADI HAS MET WITH BARZANI AND THEY HAVE RESOLVED SO WE ARE IN A VERY GOOD PLACE WITH THE BUDGET AND IT IS EXPECTED TO PASS. ACCORDING TO WHAT THEY ARE SAYING IS THIS WEEK WILL SEE A VOTE FOR THE 2014 BUDGET --- SO THAT WOULD ALLOW THE TIMELINE TO BE REACHABLE AS THEY HAD ANNOUNCED AS THEIR GOAL. PARLIAMENT MEETS TOMORROW [MONDAY] AND TUESDAY. I DID SEE A REPORT ALL ABOUT THE BUDGET AND IT IS IN THE BILLIONS. [post 1 of 2....stay tuned]
9-21-2014 Newshound/Intel Guru Arthur Abadi has announced he is now in the process of taking "tough decisions for the sake of resolving the problems, including an agreement on oil, and that would be in the interest of the Iraqi people as a whole, including the sons of the Kurdish people." PM Abadi also said today in a statement that "Parliament has full knowledge about the causes of the strengths and weaknesses of the draft law of oil and gas (HCL), AND THIS HELPED HIM TO APPROVE THE LAW." Abadi himself has stated on many occasions they are aiming for the budget to be open and implemented along with all payments to the Kurds in the coming days which would coincide with the culmination of the equation: GOI + HCL = RV. [post 2 of 2]
9-21-2014 Newshound/Intel Guru Arthur Over the past 4 years I have been...called negative for insisting on the equation GOI + HCL = RV. Now I see my old RV equation has finally resurfaced in dinarland which I knew it would right before the RV. Despite the difficulty of seating the final ministries, the international community has already acknowledged that they are satisfied with the new inclusive government (GOI) the new Prime Minister has engineered so far. And as of today we now see this development: Article: "A member of the Oil and Energy National Alliance MP Awad al-Awadi, "Prime Minister Haider al-Abadi Kurds will engage with SOMO Iraq, the Kurds and give the green light to export." [post 1 of 2....stay tuned]
8-21-2014 Intel Guru EXOGEN High Alert.
9-21-2014 Intel/Newshound Guru Poppy3 I THINK THEY ARE VIEWED AS STABLE BY THE UN ALREADY. BAN KI MOON HAS BEEN REFERRING TO THEM AS A STABLE GOVERNMENT FOR ABOUT A MONTH NOW. I DON'T THINK AT ALL THAT ISIS SITUATION HAS ANY BEARING ON THE RV OR ACTIONS OF FINANCIAL REFORM FROM THE CBI. THEY ARE TOTALLY INDEPENDENT. MANY PEOPLE HAVE TRIED TO SAY ALL THESE OTHER COUNTRIES, AGENCIES, ETC. HAVE EFFECT ON THE IRAQ RATE CHANGE BUT IN ACTUALITY THEY CAN ONLY SUGGEST TO THE CBI IRAQ IS IN CONTROL OF IRAQ AND THEIR CURRENCY AND THEY CAN AND DO CONTROL THEIR DESTINY AND THE RATE THEY WILL SET. EVEN THE IMF CAN ONLY LEGALLY SUGGEST A RATE FINAL DECISION BELONGS TO IRAQ. THE U N WILL ACCEPT THEIR DECISION IMMEDIATELY IF THEY CHOOSE TO SET A RATE.
9-21-2014 Newshound Guru Kaperoni Article quote: "the times ahead may provide a base for building a new economy by changing the currency and delete the zeros of some of them." The current CBI actions are to replace the existing denominations. That is completely consistent with what this article is saying. When the dinar will rise will be when they are ready to open the market economy. As we have said, laws, a new GOI, stability will be the prelude. How fast they accomplish this is yet to be seen. I am still optimistic that it can be achieved within 3-6 months.
9-21-2014 Intel/Newshound Guru tman23 Baghdad – the Parliament decided to continue to hold meetings to Thursday (9/25) and to resume after Eid al-Adha holiday, Wednesday 10/8 which will be about two weeks...THIS GIVES THEM 4 DAYS TO VOTE AND PASS PENDING LEGISLATION.
9-21-2014 Intel/Newshound Guru Poppy3 FROM EVERYTHING I HAVE HEARD FROM GREAT SOURCES AND MANY OTHER FRIENDS SOURCES ITS A CONSENSUS THAT THE RV IS CLOSE TO HAPPENING AND THE PUSH HAS NOT STOPPED TO COMPLETE THEIR RESPONSIBILITIES TILL WE SEE THE FINAL NEEDS FINISHED.
9-21-2014 Intel Guru EXOGEN HCL + GOI = RV. REMEMBER IT WILL BE MONDAY IN IRAQ IN A FEW HOURS.
9-21-2014 Newshound Guru Kaperoni Articles: "Parliamentary Energy: Snmrr law of oil and gas during the first legislative term of the parliament" "Interim Financial: Strdna data this week will be put to the budget first reading" "Urgent .. presidency of the parliament meets heads of blocs to determine the heads of parliamentary committees" ...they are moving forward.
9-21-2014 Intel/Newshound Gurus BGG & tman23 From Cornell Law on the study of exchange rates/WTO...Currency Exchange Rates and International Trade Although complex to assess, there exist a clear linkage between currency exchange rates and international trade. Strong currency stimulus in one country has the potential of enhancing export opportunities for trading partners, because it increases private purchasing power and consumption of domestic consumers while making national exports more expensive. Conversely, a weak national exchange rate acts so as to encourage a country’s exports while discouraging the inflow of imports. [...in "laymens" terms...?] It means Iraq is in not-such a good position and the rest of the world (aka - trading partners) would like to see them increase their currency value.
9-21-2014 Newshound Guru Aggiedad77 I believe...that Abadi is about to acquiesce to the Kurds in a way that will unfold the HCL to their benefit and to the benefit of all Iraqi's...he will be seen and known as the great reconciler for Iraq very soon...he is working hard to bring Iraq into the INTERNATIONAL light...it grows brighter with each day. Soon...Soon...Soon.
9-21-2014 Intel Guru Frank26 IMO, The best pie is in the CBI. In the GOI's Budget. 386 plus 10%. WHAT am I looking for? A seated GOI? Nope. Got one. A Budget? Nope. Got one. A couple of missing Ministers? Nope. Got'em. A control of ISIS/DASH? Nope. Got'em. THEN WHAT...? LAWS. THE DADDY OF ALL LAWS FOR THE CITIZENS OF IRAQ!!! HCL (Hydro-Carbon Law). THE DAY You see the HCL... Nano seconds afterwards You WILL SEE THE IR (International Rate)!!! Much is going on with Their Oil right now. [See the possible "to do list" in the Dinar Guru Resource Bar on the left]
9-21-2014 Newshound Guru tlm724 I am very excited about this...true power sharing of legislation and their is a very strong desire to get these critical laws done...Yes security is and always has been a huge concern but while that is being worked on it is so amazing to see the GOI forming before our eyes and paving the road towards unity and a better life for the people of Iraq and for us as well because with the passing of this legislation comes the stability the CBI seeks!
9-21-2014 Newshound Guru tlm724 Article: "Abadi: I will take tough decisions to resolve the dispute with the oil province and the latter demands a similar step" so they all met and we hope that be a good omen for the understanding on many issues and resolve problems between the federal government and the province...including the agreement on oil...Abadi and the kurds know this has to be a compromise and yes it will be tough but this olive branch to the kurds will do wonders for Iraq and its people!
9-21-2014 Newshound Guru Millionday VOTING ON BUDGET...READY TO GO AND ECONOMIC LAWS FOR THE ECONOMIC REFORM -- CBI IS IN THE MIDDLE OF DOING SOMETHING...THEY ARE DISCUSSING IF IT IS THE RIGHT TIME FOR CBI TO REMOVE THE THREE ZEROS OR NOT AND THE VOTE ON THE LAST OF MINISTERS IS TO BE MONDAY. KURDS AND IRAQ GETTING ALONG AND AGREEING -- IRAQ HAS AGREED TO PAY FOR STAFF OF KURDS AND FOR THEIR FORCES AND THE DISPLACED AND ALSO ABADI AND BARZANI MET AND RESOLVED ALL ISSUES ON ARTICLE 140 AND PAYMENTS AND ALL OIL ISSUES AS FAR AS SALES AND FUNDS. 9-20-2014 Newshound Guru Kaperoni Article: "Expert propose to the government a plan for the development of the banking sector and to reconsider the institutional building of the economy" There is nobody to blame but Maliki for slowing down the economic progress in Iraq. These articles imply the time under Maliki was a total waste.
9-20-2014 Newshound/Intel Guru BGG [Do you think we will need a new CBI governor? Instead of the Maliki henchman?] I think the guy maliki "named" has little or no power. In fact, Abadi will handle that soon...IMHO - Abadi will seat a long term replacement...possibly even Shabibi.
9-20-2014 Newshound Guru Lojak Just need the ministers seated...thats it. Shabbs is in charge, and is pushing to get this done. ...I disagree..that...we wait for ISIL to be removed. That makes sense from a practical standpoint. But, the Pesh and Iraqi armies and the Kurds must be paid in order to have boots on the ground... the only way to do that is to RV currency.
9-20-2014 Newshound/Intel Guru BGG [shabibi had refused several attempts of Al-Maliki in the past years to intervene in the work of the Central Bank and withdrawing funds from the Reserve Bank, prompting Al-Maliki to frame-up against him and force him to leave the country, with the current oil Minister Adel Abdul Mahdi decisions right the unjust and called Al-Shabibi honoring Al-Shabibi.] the news about both Abadi and Mahdi standing by Shabibi is magnificent. [is he gonna come back?] there seems to be that push (real news sources).
9-20-2014 Intel Guru Frank26 There is a NEW GOI...A NEW CBI GOVERNOR...A NEW BUDGET...A NEW ATTITUDE...A RENEWED COALITION TO FIGHT...For a NEW RATE. To stay at Program Rate will only create a condition of self phagocytosis... They would devour the goals of their budget. If they showed You Ministers they have to show You GOI's Budget which means they would have to show You the new rate they use.
9-20-2014 Intel/Newshound Guru Poppy3 I AM EXPECTING RV AT ANYTIME ONCE THE INTERNATIONAL BANKING LAWS ARE VOTED IN AND IMPLEMENTED AND THEY MEET TODAY SO IT IS POSSIBLE TO SEE MORE POSITIVE MOVEMENT ANYTIME.
9-20-2014 Intel Guru SteveI I know you all are looking for updates regarding the budget, but the first thing I am looking for is the final two Ministers to be set in stone and voted on. Then look for the budget after that. I think October 6th is the next voting of the ministers... The rest will fall into place. If you are looking for a time, mid October is looking very good to have all of this done by. I really do not see it going into November as they (Parliament) is looking to start the 2015 budget, so this means getting the 2014 done, passed and opened and disbursed. This is when you will see a possible rate increase in the value of their currency.
9-19-2014 Intel Guru TNT Tony [via Adept1] Where are we at right now? We are now in a safe zone, the US is requesting this be done immediately. This could go at any moment. There has always been a four-day activation plan, a plan for stability. It’s always been planned for a weekend, we just don’t know which weekend! This morning at the mosques, the info we are getting is this could happen at any minute. Everything is ready, and it’s just about what hour they choose to flip the switch. There are not political or technical issues now; it’s just a timing issue. I’m looking forward to a good weekend.
9-19-2014 Intel Guru EXOGEN Quote: "Foreign Minister John Kerry in the UN Security Council meeting "Iraq will return to the international community after that remained isolated for a long time and we're going to fully integrate into the family..." return to the international community...fully integrate into the family. [wh (White House) press sec has just stated Iraq has a unified government.] yep. DONE. FINISHED. COMPLETED. [where you are between 1 to 10 now?] 12. [post 2 of 2]
9-19-2014 Intel Guru EXOGEN UNSC meeting ...John Kerry presiding... Jafaari is present at this meeting too...THIS MEETING IS THE GAME CHANGER! EVERY DELAY AND MANUFACTURED EXCUSE IS BEING EXTERMINATED BY THE WORLD...AT THIS MEETING... IRAQ OFFICIALLY HAS THE FULL SUPPORT OF PLANET EARTH! [once they know they have international support looks like this could be the trigger.] THIS IS THE TRIGGER MECHANISM!! THE WORLD SAYING LETS GO ALL AT 1 TIME!! FULL SANTA SUIT ALERT NOW!! [post 1 of 2....stay tuned]
9-19-2014 Intel Guru DC So now we are in the same place we were in last Friday, with everyone ready and telling the CBI to get it done by a certain date. The CBI has been testing the system, and tentative celebrations are planned for Saturday night and Sunday night. There are dignitaries in Baghdad, and there are international teams helping the CBI now. The banks are ready and all their staff are cued up to work at the weekend if needed. Security, call center and exchange centers are all set up across the US. Banks have been put on alert, and they have alerted their staff. Everything is planned again and ready to go. There is a lot of pressure both inside and outside to get this done correctly and quickly. [post 2 of 2]
9-19-2014 Intel Guru DC [via Adept1] ALL our contacts in Parliament say that everything has been voted on four times! They are frustrated that they keep running it on television when the people in the chamber say that it’s been settled! That’s the kind of intel we’ve had all this week. Many have said “It’s done; we’re waiting on the reveal.” The public announcements and the budget would be nice to have lined up, but not essential to the release of the RV. Our understanding is that all technical issues have been resolved and they are ready to pull the trigger. They tried to put it out last Friday and they had a painful technical issue that they didn’t expect. [post 1 of 2....stay tuned]
9-19-2014 Newshound Guru Kaperoni [If the CBI said they were going to create new 25k notes I would be real interested in how long the old notes were going to be accepted.] The CBI has stated in several articles during this notification of exchange of notes they do not expire. Which is similar to what we have here in the US. If you took an old $20 or $100 to a store, it would gladly be accepted no matter how old it is as long as it's in usable shape and is real. It's legal tender. I would not expect any timelines until several years after they have transitioned away from 3 zero notes. Remember the currency of Iraq is the IQD.
9-19-2014 Newshound Guru Stryker we will experience a few more setbacks before the CBI will be ready to pull the Monetary Reform Button because the political situation must be right and until then things like the budget will not get passed. It will happen though but not until the Kurds get all their demands completed, ministers get sworn in and the Kurds start voting in the parliament process. The deal seems to be completed on their oil agreement, close on Article 140 and the rest will follow nicely. Remember that Rome wasn't built in a day and neither will Iraq.
9-19-2014 Intel/Newshound Guru Poppy3 i could care less who the new ministers are or how they get the position I AM CONCERNED ABOUT INTERNATIONAL LAWS ON BANKING AND CBI GOING LIVE WITH A REAL RATE. I WANT TO SEE ALL THE BANKING LAWS PASSED AND IMPLEMENTED.
9-19-2014 Intel/Newshound Guru tman23 Article quote: "...the next round of political negotiations between the delegation and the Prime Minister Haider Abadi will take place in the next two days, revealing that it will include the number of ministries in the next Government, the Kurds ' lines." another article proving the government is NOT seated as the Kurds have not yet agreed to participate.
9-19-2014 Newshound Guru Aggiedad77 feeling...real excitement...for the IQD...the CBI....the GOI...they understand who is calling the shots...they listen...they advance...something we haven't seen from the previous corrupt government...they look to be learning from past mistakes...that is how one "perfects" a process....a MR [Monetary Reform] process.
9-19-2014 Newshound Guru Kaperoni Iraq does nothing fast despite the outcries from everyone in the media to do so. The good news is it seems that all the experts in Iraq "get it" and what they are saying is what we want to occur. It is so frustrating for sure..because we all know what they could have and they are so far behind schedule...but, we just need to wait it out. Let me give you my personal view...replacement of the 10k is critical since it was the most counterfeited note in the series. In this replacement, they strengthen the banking system, the currency in use and prevent additional fraud. This is necessary before they open the banking system to the world and enter Article VIII. Can you just imagine if they did nothing and the original 10,000 is easily copied and counterfeited in the marketplace? It could potentially cause sever damage to the Iraqi economy. IMO this is good news... [post 2 of 2]
9-19-2014 Newshound Guru Kaperoni Article: "Financial Expert: Subtract category 10 thousand new security precaution and to re-structure the expectations of the Iraqi currency" if the CBI's intent is to replace the existing notes with new (more secure) undated versions, there is no RV, float or any other change in value coming for at least a while (at least months). It would make no sense to replace these notes if they expected to introduce new lower denominations in the near future. In fact, the CBI has stated the replacement process will continue through the end of this year. That tells me...nothing is happening with the exchange rate in 2014! First and foremost the CBI is trying to strengthen the monetary policy (get citizens to use dinar, conform to IMF guidelines, build the banking system, reduce corruption, etc.) and then, once the GOI is formed, laws are passed and security is somewhat stable (ISIL delt with) i expect the CBI to transition to Article VIII and a new Exchange Regime which will begin to raise the value and solve the banking and monetary problems that exist....not to mention create the environment for a successful transition to a market economy. [post 1 of 2....stay tuned]
9-19-2014 Newshound Guru Aggiedad77 Article: "Parliamentary Finance declares its readiness to present the draft budget law for 2014 as soon as possible" The Finance Committee within Parliament has shown a "willingness" to get the 2014 draft budget pushed through Parliament as quickly as possible...again big news from the Parliament..."give it to us and we will get it done" they are saying...bold talk from this new Parliament...I'm liking what they are saying here....Parliament is also addressing changes to the Unified Retirement Law (9) for 2014 and will be implementing changes that will be for the good of Iraqi citizens...one MP...made a statement that the draft 2014 budget will reach Parliament on the 10th of October....but keep your eyes on this...I think it will be sooner...rather than later. 9-18-2014 Intel Guru Bluwolf I honestly wish to express that we are very close to receiving our blessings...There is nothing that anyone can say or do to push this thing forward for it has a new timing, the GOI is more than ready, many banks are now waiting, many governments are now waiting including ours...It's just a matter of fine tuning all the new issues created by a corrupted, evil and greedy few. ...our blessings are so very near, movement is being seen in all economical positions.
9-18-2014 Intel Guru TerryK Article: "Postponed the nomination of the political blocs concerned security minister, on Thursday to vote on them for two weeks." NOT GOOD NEWS...WE ARE ON HOLD FOR TWO WEEKS. [do you think it might be smoke?] WELL I WAS TOLD IT WAS DONE...AND NOW THIS.
9-18-2014 Intel/Newshound Guru Poppy3 [I have been looking for the so called IMF document that states Iraq can support 3.22 plus 20% inflation and can not find any reference to those numbers.] THAT WAS ON THE IMF WEB SITE IN OCTOBER 2010 IN FULL VIEW... BUT THERE HAVE BEEN MANNY MEETINGS SINCE THEN SO THE RATE COULD BE MUCH MORE OR MUCH LESS. THAT WAS POSTED FOR 3 DAYS THEN REMOVED.
9-18-2014 Newshound Guru Kaperoni Article: "Finance parliamentary likely to issue a new edition class (50) thousand dinars" ...if they issued physical 50k or 100k notes it is not good not only for us as dinar investors, but for Iraq's own economy. That is not what they are going to do. It contradicts everything Iraq needs to do for a transition to a market economy and more importantly integration of the banking system with the world economy. That is why they won't. What they will do is raise the value of the dinar (nominal exchange rate) and introduce notes that gives one "the feeling" of purchasing power equal to issuing a 50k or 100k note. In other words, they are trying to raise the value as so often stated at or near 1 to $1.
9-18-2014 Newshound Guru Adam Montana [...are you still leaning toward a 10cent revaluation or has it moved up or down ...?] I"m sticking with .10 for now... if I'm wrong and it's higher, I don't think anyone will be mad at me. : )
9-18-2014 Intel/Newshound Guru Poppy3 [what laws are we looking for besides HCL?] MANY BANKING LAWS INCLUDING THE INTERNATIONAL BANKING LAWS THAT HAVE TO BE DONE FOR THEM TO BECOME FULL MEMBERS OF THE WTO. ALL THESE LAWS WERE YESTERDAY SAID TO HAVE BEEN PLACED IN ONE BASKET FOR VOTE SO THEY ALL WILL BE PASSED AT ONE VOTE. [post 2 of 2]
9-18-2014 Intel/Newshound Guru Poppy3 [your sources say anything else?] THEY STILL SAYING WHEN LAWS ARE COMPLETED AND IMPLEMENTED THEY EXPECT THE RATE ANNOUNCEMENT ASAP AFTERWORDS. [post 1 of 2....stay tuned]
9-18-2014 Newshound Guru Shredd regarding remaining ministers, I think agreement will be had soon and agree on vitality of having them seating to move forward on fighting terrorism and moving forward on monetary policy change and to have agreement amongst the parties is key, non-sectarian...equally representative. I'm excited to see new notes being updated too again, fighting corruption...making it harder for terrorists to use and exchange imo. [think all those security things being done is the prelude for the LD's to show.] totally agree, part of three zeros plan... LD's will be useless without a strong rate.
9-18-2014 Intel/Newshound Guru tman23 [u think iraq will pull things together this month or not?] I'm sticking to 10/7 - 10/9 to see the change in currency rate...Quite frankly I have around 8 solid items that favor this timeline as being best window.
8-18-2014 Intel Guru TD So... the introduction of these into the marketplace IS/WILL BE PROOF POSITIVE of the GOI and CBI's monetary policy for the time being (next 6 months at a minimum). To reiterate my contact indicates that the Finance Committee and the ABADI administration will NOT entertain any other discussions regarding such till sometime toward the end of the first quarter of 2015 and the BIG IF of that timeline IS/WILL BE the handling of the country's security situation. THIS IS HUGE! [post 2 of 2]
9-18-2014 Intel Guru TD Comments to share from my Kurdish friend (As always please treat as rumor): My guy mentioned...this article which actually is a rehashed article BUT has some real muster behind it BECAUSE the NEW 10K note is already being integrated/exchanged and the other (NEW) 5k , 25K and MOST IMPORTANTLY the NEW 50K is COMING!!! These new notes( I'm told) are in final process of production and will be integrated/exchanged during the last quarter of this year. This has two VERY IMPORTANT IMPLICATIONS : 1) Cutting off ISIS from obtaining the new notes and not able to mass produce counterfeit ones and 2) THIS SHOULD PUT TO REST (for the next two quarters) THAT THERE WILL BE NO RV/RI/RD. [post 1 of 2....stay tuned]
9-18-2014 Newshound Guru Adam Montana [when the GOI printed their post Saddam dinar (the currency that we all here are holding) was it THEIR game plan to RV or was that the thought that we investors had dreamed up? I remember when George W. made the announcement that the U.S. was going to invade, he did say that this invasion would not cost the U.S. taxpayer anything. So, I thought that (when I first invested in the IQD) that it was the U.S.'s intent to have a lot of these new Dinar to cover the price of the invasion. If so, WHAT WENT WRONG? And is that where we are now?] I don't necessarily think anything went "wrong", it's just taken a while to get everything in place. We've seen the IQD more than double in value since 2003, we've seen Iraqis form a government, we've seen the Iraqi people voting (remember the first time we saw the purple ink on the fingers of voters?), we've seen a LOT of progress... and we continue to see that. There was no way the IQD could have gone up dramatically and been stable any time before 2010... but the progress they've made is undeniable, and if it's going to happen - we are close.
9-18-2014 Newshound Guru Kaperoni Article: "Erbil and Baghdad Close to Oil Agreement" I would not go so far to say HCL is about to be done. HCL is much more than just how to export Kurdistan oil. None the less, a good step.
9-18-2014 Intel Guru DC [via Adept1] Parliament has been meeting, and all the ministers are seated and done. Cards are loaded, and the rates have changed a little bit. We understand the numbers may have been adjusted downwards just a little bit in line with earlier budgets. Those are the numbers with which they are loading some of the cards. Everyone is ready across the world, so I think it looks phenomenally good right now. Iraq is ready, waiting on CBI to do its stuff, waiting on them to have their procedures all right and tight, and from there it will be 2-15 minutes to go around the world. We are highly optimistic that this is coming to an end.
9-18-2014 Intel/Newshound Guru Poppy3 CALL...FROM GREENZONE BUILDING SAYING THEY EXPECT ABADI TO FINIISH MINISTERS TOMORROW [THURSDAY] AND SEVERAL OTHER VOTES TO TAKE PLACE. ALL SOUNDING GREAT ON THE STREETS...THERE NO ISIS WITHIN 50 MILES OF BAGDAD AND NEVER HAVE BEEN.
9-18-2014 Intel Guru TerryK YOU DON'T NEED TO CALL AN 800 NUMBER TO DEAL WITH WF [WELLS FARGO] BOA [BANK OF AMERICA] OR ANY OF THE OTHERS. JUST CALL YOUR LOCAL BANK OR DINAR DEALER AND SCHEDULE AN APPOINTMENT. THAT'S HOW EASY IT IS...I HAVE SPOKEN TO THE VP OF INTERNATIONAL BANKING WF AND THEY HAVE NOT EVEN HEARD OF A CONTRACT 800 RATE OR NUMBER AND I HAVE TALKED TO HOMELAND SECURITY AND THEY HAVE TOLD ME THIS AND I QUOTE "ANYONE THAT IS THINKING ABOUT DEALING WITH AN OUTSIDE SOURCE TO EXCHANGE ANY CURRENCY MUST DEAL WITH A LICENSED VENDOR OR BE IN VIOLATION OF THE UST GUIDELINES". THINK IT OVER, BEFORE YOU GO DOWN THAT PATH. [So,when now are we thinking this MIGHT happen?] I GOT YESTERDAY THAT THEY HAVE NOW THE LAST MINISTER IN PLACE...SO ANY TIME WHAT I WAS TOLD.
9-18-2014 Intel Guru TNT Tony [via Adept1] Economic reform is being explained on the television again...and they are talking about the deal made with the UN, that Iraq is ready to “stand alone”. That is scrolling on their television screens right now, after the Paris meeting. We do know with the UN proposal and the coalition fighting ISIL that some bills are due tomorrow [Thursday] or the next day, and they are supposed to be paid in non-US currency. All that is good news that this is coming to a conclusion. There is a plan in place right now and it has been activated. So we are in a good position. This whole thing should be coming to a conclusion really quickly...All the hard work, arguing and fuss has been done. This is happening any time... I don’t think they will wait until the 1st. 9-17-2014 Newshound Guru Millionday THEY HAVE MADE IT CLEAR WITH DOING THE BUDGET FOR THE LAST PART OF THIS YEAR THAT THEY ARE GOING TO STICK TO THEIR AGREEMENTS WITH THE PAYMENTS TO BE MADE TO AGREEMENTS MADE AND ALSO THE KURDS AND CITIZENS. CBI WILL NOT RELEASE THE FUNDS TO THE PROVINCIAL BANKS OR TO THE GOV WITHOUT A BUDGET IN PLACE. SO WHAT WE HAVE IS MINISTERS TOMORROW AND BUDGET BY NEXT WEEK... [post 2 of 2]
9-17-2014 Newshound Guru Millionday TOMORROW THEY WILL BE VOTING IN THE LAST OF THE MINISTERS INTERIOR AND DEFENSE. GREAT NEWS. NOTE --- THEY ARE MOVING FORWARD WITH THE MINISTERS AND ARE ALSO MOVING FORWARD WITH ALL REFORMS AND ARE PREPARED. SO WE HAVE THE PM AND THE PRESIDENT MEETING TO STATE THAT THEY ARE NOW READY FOR THE REFORMS AND TO MOVE FORWARD WITH THE NEW IRAQ. WE HAVE THE BUDGET TO BE DONE AT THE END OF THE WEEK AND VOTED THROUGH -- THEREFORE THE GOAL OF OPENING THE BUDGET BY OCTOBER 1ST IS REACHABLE. THE BUDGET WILL BE PRINTED IN THE GAZETTE AS LAW -- IT WILL BE LAW WHEN IT IS VOTED IN. [post 1 of 2....stay tuned]
9-17-2014 Newshound Guru Tlar I concur with everything [Guru] Randy [Koonce] has said. I am hearing the exact same information. Our admin caused this delay by putting the stipulation in that the Security Minister must be assigned to activate the currency change and they got the IMF to go along even though their first response was against it. In order to fight ISIS there should be a head of the military so it is a defensible move to coerce the Iraqi's to move on this ministerial position now. The CBI has made some important moves today that bode well for a currency change. They are able, ready and willing if the Minister is seated but best of all, they have the desire and the permission to move if he is. This thing is close. [reference Randy Koonce's post below...9-17-2014]
9-17-2014 Newshound/Intel Guru Randy Koonce We believe that Iraq has stood up and said they need to go ahead with economic progress...Code word RV. This event is not a requirement but just a recommendation from the USA to slow things down...knowing it is a position of great importance in the GOI... if the Minister does not show then it will be a 50/50 chance that it happens by sunday. If it does happen I personally look for this to go down by Sunday...I am hoping above hope this is the last time I have to write a note to let people know where we are at...Do not fall for Exchange rates of anything above 4 dollars...you will be dealing with a possible not so upright person. Do not let your money out of your hands unless you are receiving the exchange rate back at the same time...BE SMART, it is just an exchange, you will be able to go to any bank once the rate shows...We are close..Breathe...Check www.cbi.iq every day to see if it has changed... [post 2 of 2] [See official CBI rate in the Dinar Guru Resource bar on the left]
9-17-2014 Newshound/Intel Guru Randy Koonce I am dropping a note to let everyone to know the state we are in...I want to thank Casper & another friend (he does not want his name out there) that wrote the last letter I sent out. I know it looked different but it was from me I was traveling in Kansas City and could not send it out. We sent it out for a two purpose goal... First to let people know that the Pres was interfering with something that he did not need to be messing with.. and the other to let people know how fragile footing we were on...After saying that the Winds have changed in our favor and now we are in a window until Tuesday next week to see this thing come out. The last thing that we are looking for is the Defense minister to show... The Defense should have shown last Tuesday but internal bickering within the Shia group so it was resolved a few hrs after the postponement of the Parliament. So if we get the Minister of Defense then this investment becomes very very very imminent "that is a pretty big word for me" Lol. [post 1of 2....stay tuned]
9-17-2014 Intel Guru EXOGEN YOU HAVE TO HAVE A RATE BEFORE YOU OPEN A BUDGET.
9-17-2014 Newshound Guru Millionday [Any news about the budget?] THE BUDGET HAS NOT BEEN OPENED YET BY WHAT I HAVE IT IS TO OPEN OCT 1ST.
9-17-2014 Intel/Newshound Guru Poppy3 IRAQ AND DINAR NEWS ALL AWESOME. LOOKS LIKE ALL THE BANKING LAWS WILL BE VOTED ON THURSDAY AND THEY AT THIS POINT ARE OUR MAIN FOCUS BECAUSE THEY EFFECT THE ACTIONS ON THE RATE CHANGE PROCESS AND IRAQ BECOMING FULL MEMBERS OF WTO SO THEY CAN TRADE INTERNATIONALLY. ALL THE MINISTER TALK CAN MISLEAD YOU. THE MINISTERS WILL BE DONE AND IT MATTERS NOT WHO THEY CHOOSE AS FAR AS A RATE ON THE DINAR WE NEED BANKING AND FINANCE LAWS PASSED AND IMPLEMENTED. THIS WILL BE FAST ONCE THEY GET THEM PASSED AND YESTERDAY THEY STATED THEY HAD COMBINED THEM FOR ONE VOTE.
9-17-2014 Newshound Guru Kaperoni Quote: "Parliament resumes its sessions tomorrow and his agenda without a vote on candidates for the security ministries" No security ministers tomorrow.
9-17-2014 Newshound Guru Adam Montana I don't pull out the crystal ball too often... but I'm doing it today: One of two things will happen in the next week or so: 1. Barzani will be arrested in Baghdad on some trumped up charges, and we will have a while to wait on the HCL...OR... 2. Barzani and Abadi will have a successful meeting and we are going to get our HCL in VERY short order. What I've seen from Prime Minister Abadi so far and the way the HCL news has been coming out recently REALLY leads me to believe option #2 is the winner. [post 2 of 2]
9-17-2014 Newshound Guru Adam Montana I've been saying for a long time that we need to see the HCL completed or see some serious action on it before we could get too excited about Iraq raising the value of their currency... Holy Moly there's a lot of activity on the HCL right now! In a nutshell: the HCL is HOT right now. Barzani (Kurdistan's top dog) is heading to Baghdad within a week to discuss the HCL. Now, with all the noise about how the KRG is illegally exporting oil, lawsuits here and shouting there... if this wasn't going to go through, and if Baghdad REALLY had any way to continue to keep this thing from going through, I highly doubt Barzani would be going to Baghdad. [post 1 of 2...stay tuned]
9-17-2014 Intel/Newshound Guru Poppy3 the basket of changed and renewed laws are there for today and tomorrows meetings to be passed in one group vote ...looking very promising to get all complete and release a rate shortly.
9-17-2014 Newshound Guru Millionday THEY WANT THE LAWS FOR THE ECONOMIC REFORM VOTED THROUGH IN ONE BASKET AND THE ONES THAT DONT GO WITH THE NEW IRAQ THROWN OUT. THE CONSTITUTION STATES THAT IRAQ LEADERS WILL BRING THE ECONOMY TO ITS MODERN FORM FOR THE CITIZENS AND THEIR FUTURE (IN SO MANY WORDS). THEY HAVE REVIEWED THE LAWS AND NOW HAVE THEM READY FOR A ONE BASKET VOTE. THE PURPOSE WAS TO ENSURE THE GREATEST SPEED POSSIBLE TO GET THE REFORM DONE ECONOMICALLY SO THAT THE NEW IRAQ CAN EMERGE. THIS IS GREAT. THEY ARE PREPARED. [See the "possible to do list" in the Dinar Guru Resource Bar on the left of this page...]
9-17-2014 Newshound Guru tlm724 Article quote: "economic laws {b} one basket contributes to the transformation of an actual open market in line with the political and economic transformations in Iraq" the sub-committee got it down to 121 laws into the basket, thats a hail of a basket and see they have been working on it behind the scenes since 2013! that is an awesome article and it shows that they are serious about this reform!
9-17-2014 Intel Guru EXOGEN MOST IN IQD LAND HAVE NO IDEA WHAT IS GOING ON AND ALL THEY LOOK FOR AND HEAR...IS RV EVERYDAY AND GLOBAL POLITICS DOES NOT WORK LIKE THAT. TO PUT THIS WHOLE THING INTO A SIMPLE EQUATION HCL + GOI = RV. KURDS AGREED TO IMPLEMENT HCL YESTERDAY. [If they agreed to implement the HCL then it has already passed.] CORRECT. THE REASON THE HCL IS SO IMPORTANT IS IT MEANS THE KURDS ARE HAPPY. IF WE DO NOT SEE THIS IN THE COMING DAYS THERE IS SOMETHING VERY SINISTER AT PLAY.
9-17-2014 Newshound Guru Millionday ...THE NATIONAL ALLIANCE HAS DECIDED ON WHO THEY WANT FOR THE VOTE FOR INTERIOR MINISTER -- HUGE COMPARED TO THE YEARS WE HAVE WAITED FOR THE POSITION. THE PRIME MINISTER IS TRYING TO MAKE EVERYONE HAPPY SO THAT HE MAY BE ABLE TO WORK WITH ALL PARTIES WITH SO MUCH NEEDING DONE -- THEY HAVE AGREED ON SOME OF THE NAMES HE HAS SO THAT WOULD BE THE BEST ROUTE TO TAKE SO THEY CAN WORK TOGETHER AND ALL FEEL AS THOUGH THEY ARE HEARD. THURSDAY WE WILL SEE A MEETING WITH PARLIAMENT AND SHOULD SHOW A VOTE OF THE MINISTERS LEFT TO PLACE.
9-17-2014 Intel Gurus Delta & Nova [I sure did not expect to hear that close to 100 laws needed to be passed before we see an international rate.] THE LAWS THAT THEY NEED TO PASS ARE FOR THE GOV OF IRAQ ...NOT FOR CBI!! Article quote: THIS ARTICLE IS FROM MAY: "the Central Bank will proceed without hesitation applied the project raise zeros from the local currency be stable political and economic situation of the country." YOU CAN'T ACTIVATE LAWS WITH OUT RATE AND ARTICLE 8. There's probably a good chance that laws awaiting activation are buried in with the budget!
9-17-2014 Newshound Guru Kaperoni [Has anyone written an explanation of how the Dinar could possibly have begun its rise in value back in 2012 when we were all waiting with baited breath for the event? Look at what has and is taking place today! The detail and intricacy that appears to be necessary to get this event off the ground is mind boggling when considered against the conditions within the country and government and Centrall Bank of Iraq back in 2012.] It was a different plan back then. Shabibi clearly was doing what he thought was best for his monetary policy despite the lack of progress in other areas to support it. The plan now is clearly different and has been stated..."a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect," as stated in the IMF Article IV Consultation.
9-17-2014 Intel/Newshound Guru Poppy3 ANYTIME SOMEONE STARTS OUT WITH THE GCR HAS STARTED THEY DON'T KNOW SQUAT ABOUT THE RV. CHRISTINE LAGARDE HERSELF ANNOUNCED ABOUT 6 MONTHS AGO THERE WOULD NOT BE SUCH A EVENT. SHE SAID YES THERE WILL AND ALWAYS HAS BEEN GLOBAL CHANGES AND MANY ARE EXPECTED AS ALWAYS BUT THEY WILL BE CARRIED OUT OVER A 3 TO 5 YEAR GRADUAL CHANGE AS ALWAYS NOT IN LARGE GROUPS OF CURRENCIES .
9-17-2014 Newshound Guru Enorrste It is true that the value of the dinar is now artificially low, but that is not due to too much currency chasing too few goods. Instead, it was a deliberate effort made on the part of the allies to "defund" Al-Quaeda from 2004 forward. It is our view that this will be rectified when the float is initiated. When that happens Iraq will experience deflation, meaning the same dinar will buy more and more as time goes by. Someone emailed me recently and said that Iraq is bankrupt! Hogwash! They are running a deficit because they have not increased or even produced a 2014 budget. Iraq has plenty of money. They are, after all, the 2nd largest producer of oil in the world. That hardly constitutes being "bankrupt". [post 2of 2]
9-17-2014 Newshound Guru Enorrste Article: "Dr. Ahmed Ali Abrihi *: the exchange rate and inflation in the years of siege" The nominal and real exchange rate of the dinar were artificially dropped by the UN at the time of the siege. In other words, inflation had nothing to do with the fall in the value of the dinar in 2003. The CBI has kept a check on inflation ever since that time better than almost any other country in the world. ...whenever we see the word "inflation" used in Iraqi articles it must not be confused with our own understanding of that word. The articles refer to the falling of the value of the dinar due to the UN/US action in 2004 when they use the term "inflation." This is not what we mean by inflation. [post 1 of 2....stay tuned]
9-17-2014 Intel Guru TD The CBI has renewed consultations with their Turkish counterparts as Abadi is in favor (I'm told) to pursue the Turkish model EVENTUALLY, which in all likelihood is at the end of the first quarter of 2015. And the big IF of that timeline remains the progress of the country's security situation. In addition, my source advises that the recent introduction of the 10K note (with enhanced security features) is to make sure that ISIS doesn't go on a huge counterfeit production spree as well as the integration/exchange into the controlled areas of Iraq. He indicates that introducing these notes should yield a STRONG CLUE to everyone that at least for the near future there are no other plans of currency reform to enact. [post 2 of 2]
9-17-2014 Intel Guru TD Recently received comments from my Kurdish-GOI contact : (as always treat all as rumor): There are no new "live" rates and the only place whereby the initial (if any) change will be, is the CBI website, followed almost instantly in all countries simultaneously. Secondly, the word "imminent" is the most often used word during this long saga of the dinar investment...According to my source, there are no immediate plans for the Finance Committee to meet with the Abadi administration in the near term. It is this Committee that will entertain proposals of economic reform programs which includes the long awaited "deletion of the zeros" program previously discussed in the Maliki administration in concert with the CBI agenda. [post 1 of 2....stay tuned]
9-21-2014 Newshound/Intel Guru Arthur Over the past 4 years I have been...called negative for insisting on the equation GOI + HCL = RV. Now I see my old RV equation has finally resurfaced in dinarland which I knew it would right before the RV. Despite the difficulty of seating the final ministries, the international community has already acknowledged that they are satisfied with the new inclusive government (GOI) the new Prime Minister has engineered so far. And as of today we now see this development: Article: "A member of the Oil and Energy National Alliance MP Awad al-Awadi, "Prime Minister Haider al-Abadi Kurds will engage with SOMO Iraq, the Kurds and give the green light to export." [post 1 of 2....stay tuned]
8-21-2014 Intel Guru EXOGEN High Alert.
9-21-2014 Intel/Newshound Guru Poppy3 I THINK THEY ARE VIEWED AS STABLE BY THE UN ALREADY. BAN KI MOON HAS BEEN REFERRING TO THEM AS A STABLE GOVERNMENT FOR ABOUT A MONTH NOW. I DON'T THINK AT ALL THAT ISIS SITUATION HAS ANY BEARING ON THE RV OR ACTIONS OF FINANCIAL REFORM FROM THE CBI. THEY ARE TOTALLY INDEPENDENT. MANY PEOPLE HAVE TRIED TO SAY ALL THESE OTHER COUNTRIES, AGENCIES, ETC. HAVE EFFECT ON THE IRAQ RATE CHANGE BUT IN ACTUALITY THEY CAN ONLY SUGGEST TO THE CBI IRAQ IS IN CONTROL OF IRAQ AND THEIR CURRENCY AND THEY CAN AND DO CONTROL THEIR DESTINY AND THE RATE THEY WILL SET. EVEN THE IMF CAN ONLY LEGALLY SUGGEST A RATE FINAL DECISION BELONGS TO IRAQ. THE U N WILL ACCEPT THEIR DECISION IMMEDIATELY IF THEY CHOOSE TO SET A RATE.
9-21-2014 Newshound Guru Kaperoni Article quote: "the times ahead may provide a base for building a new economy by changing the currency and delete the zeros of some of them." The current CBI actions are to replace the existing denominations. That is completely consistent with what this article is saying. When the dinar will rise will be when they are ready to open the market economy. As we have said, laws, a new GOI, stability will be the prelude. How fast they accomplish this is yet to be seen. I am still optimistic that it can be achieved within 3-6 months.
9-21-2014 Intel/Newshound Guru tman23 Baghdad – the Parliament decided to continue to hold meetings to Thursday (9/25) and to resume after Eid al-Adha holiday, Wednesday 10/8 which will be about two weeks...THIS GIVES THEM 4 DAYS TO VOTE AND PASS PENDING LEGISLATION.
9-21-2014 Intel/Newshound Guru Poppy3 FROM EVERYTHING I HAVE HEARD FROM GREAT SOURCES AND MANY OTHER FRIENDS SOURCES ITS A CONSENSUS THAT THE RV IS CLOSE TO HAPPENING AND THE PUSH HAS NOT STOPPED TO COMPLETE THEIR RESPONSIBILITIES TILL WE SEE THE FINAL NEEDS FINISHED.
9-21-2014 Intel Guru EXOGEN HCL + GOI = RV. REMEMBER IT WILL BE MONDAY IN IRAQ IN A FEW HOURS.
9-21-2014 Newshound Guru Kaperoni Articles: "Parliamentary Energy: Snmrr law of oil and gas during the first legislative term of the parliament" "Interim Financial: Strdna data this week will be put to the budget first reading" "Urgent .. presidency of the parliament meets heads of blocs to determine the heads of parliamentary committees" ...they are moving forward.
9-21-2014 Intel/Newshound Gurus BGG & tman23 From Cornell Law on the study of exchange rates/WTO...Currency Exchange Rates and International Trade Although complex to assess, there exist a clear linkage between currency exchange rates and international trade. Strong currency stimulus in one country has the potential of enhancing export opportunities for trading partners, because it increases private purchasing power and consumption of domestic consumers while making national exports more expensive. Conversely, a weak national exchange rate acts so as to encourage a country’s exports while discouraging the inflow of imports. [...in "laymens" terms...?] It means Iraq is in not-such a good position and the rest of the world (aka - trading partners) would like to see them increase their currency value.
9-21-2014 Newshound Guru Aggiedad77 I believe...that Abadi is about to acquiesce to the Kurds in a way that will unfold the HCL to their benefit and to the benefit of all Iraqi's...he will be seen and known as the great reconciler for Iraq very soon...he is working hard to bring Iraq into the INTERNATIONAL light...it grows brighter with each day. Soon...Soon...Soon.
9-21-2014 Intel Guru Frank26 IMO, The best pie is in the CBI. In the GOI's Budget. 386 plus 10%. WHAT am I looking for? A seated GOI? Nope. Got one. A Budget? Nope. Got one. A couple of missing Ministers? Nope. Got'em. A control of ISIS/DASH? Nope. Got'em. THEN WHAT...? LAWS. THE DADDY OF ALL LAWS FOR THE CITIZENS OF IRAQ!!! HCL (Hydro-Carbon Law). THE DAY You see the HCL... Nano seconds afterwards You WILL SEE THE IR (International Rate)!!! Much is going on with Their Oil right now. [See the possible "to do list" in the Dinar Guru Resource Bar on the left]
9-21-2014 Newshound Guru tlm724 I am very excited about this...true power sharing of legislation and their is a very strong desire to get these critical laws done...Yes security is and always has been a huge concern but while that is being worked on it is so amazing to see the GOI forming before our eyes and paving the road towards unity and a better life for the people of Iraq and for us as well because with the passing of this legislation comes the stability the CBI seeks!
9-21-2014 Newshound Guru tlm724 Article: "Abadi: I will take tough decisions to resolve the dispute with the oil province and the latter demands a similar step" so they all met and we hope that be a good omen for the understanding on many issues and resolve problems between the federal government and the province...including the agreement on oil...Abadi and the kurds know this has to be a compromise and yes it will be tough but this olive branch to the kurds will do wonders for Iraq and its people!
9-21-2014 Newshound Guru Millionday VOTING ON BUDGET...READY TO GO AND ECONOMIC LAWS FOR THE ECONOMIC REFORM -- CBI IS IN THE MIDDLE OF DOING SOMETHING...THEY ARE DISCUSSING IF IT IS THE RIGHT TIME FOR CBI TO REMOVE THE THREE ZEROS OR NOT AND THE VOTE ON THE LAST OF MINISTERS IS TO BE MONDAY. KURDS AND IRAQ GETTING ALONG AND AGREEING -- IRAQ HAS AGREED TO PAY FOR STAFF OF KURDS AND FOR THEIR FORCES AND THE DISPLACED AND ALSO ABADI AND BARZANI MET AND RESOLVED ALL ISSUES ON ARTICLE 140 AND PAYMENTS AND ALL OIL ISSUES AS FAR AS SALES AND FUNDS. 9-20-2014 Newshound Guru Kaperoni Article: "Expert propose to the government a plan for the development of the banking sector and to reconsider the institutional building of the economy" There is nobody to blame but Maliki for slowing down the economic progress in Iraq. These articles imply the time under Maliki was a total waste.
9-20-2014 Newshound/Intel Guru BGG [Do you think we will need a new CBI governor? Instead of the Maliki henchman?] I think the guy maliki "named" has little or no power. In fact, Abadi will handle that soon...IMHO - Abadi will seat a long term replacement...possibly even Shabibi.
9-20-2014 Newshound Guru Lojak Just need the ministers seated...thats it. Shabbs is in charge, and is pushing to get this done. ...I disagree..that...we wait for ISIL to be removed. That makes sense from a practical standpoint. But, the Pesh and Iraqi armies and the Kurds must be paid in order to have boots on the ground... the only way to do that is to RV currency.
9-20-2014 Newshound/Intel Guru BGG [shabibi had refused several attempts of Al-Maliki in the past years to intervene in the work of the Central Bank and withdrawing funds from the Reserve Bank, prompting Al-Maliki to frame-up against him and force him to leave the country, with the current oil Minister Adel Abdul Mahdi decisions right the unjust and called Al-Shabibi honoring Al-Shabibi.] the news about both Abadi and Mahdi standing by Shabibi is magnificent. [is he gonna come back?] there seems to be that push (real news sources).
9-20-2014 Intel Guru Frank26 There is a NEW GOI...A NEW CBI GOVERNOR...A NEW BUDGET...A NEW ATTITUDE...A RENEWED COALITION TO FIGHT...For a NEW RATE. To stay at Program Rate will only create a condition of self phagocytosis... They would devour the goals of their budget. If they showed You Ministers they have to show You GOI's Budget which means they would have to show You the new rate they use.
9-20-2014 Intel/Newshound Guru Poppy3 I AM EXPECTING RV AT ANYTIME ONCE THE INTERNATIONAL BANKING LAWS ARE VOTED IN AND IMPLEMENTED AND THEY MEET TODAY SO IT IS POSSIBLE TO SEE MORE POSITIVE MOVEMENT ANYTIME.
9-20-2014 Intel Guru SteveI I know you all are looking for updates regarding the budget, but the first thing I am looking for is the final two Ministers to be set in stone and voted on. Then look for the budget after that. I think October 6th is the next voting of the ministers... The rest will fall into place. If you are looking for a time, mid October is looking very good to have all of this done by. I really do not see it going into November as they (Parliament) is looking to start the 2015 budget, so this means getting the 2014 done, passed and opened and disbursed. This is when you will see a possible rate increase in the value of their currency.
9-19-2014 Intel Guru TNT Tony [via Adept1] Where are we at right now? We are now in a safe zone, the US is requesting this be done immediately. This could go at any moment. There has always been a four-day activation plan, a plan for stability. It’s always been planned for a weekend, we just don’t know which weekend! This morning at the mosques, the info we are getting is this could happen at any minute. Everything is ready, and it’s just about what hour they choose to flip the switch. There are not political or technical issues now; it’s just a timing issue. I’m looking forward to a good weekend.
9-19-2014 Intel Guru EXOGEN Quote: "Foreign Minister John Kerry in the UN Security Council meeting "Iraq will return to the international community after that remained isolated for a long time and we're going to fully integrate into the family..." return to the international community...fully integrate into the family. [wh (White House) press sec has just stated Iraq has a unified government.] yep. DONE. FINISHED. COMPLETED. [where you are between 1 to 10 now?] 12. [post 2 of 2]
9-19-2014 Intel Guru EXOGEN UNSC meeting ...John Kerry presiding... Jafaari is present at this meeting too...THIS MEETING IS THE GAME CHANGER! EVERY DELAY AND MANUFACTURED EXCUSE IS BEING EXTERMINATED BY THE WORLD...AT THIS MEETING... IRAQ OFFICIALLY HAS THE FULL SUPPORT OF PLANET EARTH! [once they know they have international support looks like this could be the trigger.] THIS IS THE TRIGGER MECHANISM!! THE WORLD SAYING LETS GO ALL AT 1 TIME!! FULL SANTA SUIT ALERT NOW!! [post 1 of 2....stay tuned]
9-19-2014 Intel Guru DC So now we are in the same place we were in last Friday, with everyone ready and telling the CBI to get it done by a certain date. The CBI has been testing the system, and tentative celebrations are planned for Saturday night and Sunday night. There are dignitaries in Baghdad, and there are international teams helping the CBI now. The banks are ready and all their staff are cued up to work at the weekend if needed. Security, call center and exchange centers are all set up across the US. Banks have been put on alert, and they have alerted their staff. Everything is planned again and ready to go. There is a lot of pressure both inside and outside to get this done correctly and quickly. [post 2 of 2]
9-19-2014 Intel Guru DC [via Adept1] ALL our contacts in Parliament say that everything has been voted on four times! They are frustrated that they keep running it on television when the people in the chamber say that it’s been settled! That’s the kind of intel we’ve had all this week. Many have said “It’s done; we’re waiting on the reveal.” The public announcements and the budget would be nice to have lined up, but not essential to the release of the RV. Our understanding is that all technical issues have been resolved and they are ready to pull the trigger. They tried to put it out last Friday and they had a painful technical issue that they didn’t expect. [post 1 of 2....stay tuned]
9-19-2014 Newshound Guru Kaperoni [If the CBI said they were going to create new 25k notes I would be real interested in how long the old notes were going to be accepted.] The CBI has stated in several articles during this notification of exchange of notes they do not expire. Which is similar to what we have here in the US. If you took an old $20 or $100 to a store, it would gladly be accepted no matter how old it is as long as it's in usable shape and is real. It's legal tender. I would not expect any timelines until several years after they have transitioned away from 3 zero notes. Remember the currency of Iraq is the IQD.
9-19-2014 Newshound Guru Stryker we will experience a few more setbacks before the CBI will be ready to pull the Monetary Reform Button because the political situation must be right and until then things like the budget will not get passed. It will happen though but not until the Kurds get all their demands completed, ministers get sworn in and the Kurds start voting in the parliament process. The deal seems to be completed on their oil agreement, close on Article 140 and the rest will follow nicely. Remember that Rome wasn't built in a day and neither will Iraq.
9-19-2014 Intel/Newshound Guru Poppy3 i could care less who the new ministers are or how they get the position I AM CONCERNED ABOUT INTERNATIONAL LAWS ON BANKING AND CBI GOING LIVE WITH A REAL RATE. I WANT TO SEE ALL THE BANKING LAWS PASSED AND IMPLEMENTED.
9-19-2014 Intel/Newshound Guru tman23 Article quote: "...the next round of political negotiations between the delegation and the Prime Minister Haider Abadi will take place in the next two days, revealing that it will include the number of ministries in the next Government, the Kurds ' lines." another article proving the government is NOT seated as the Kurds have not yet agreed to participate.
9-19-2014 Newshound Guru Aggiedad77 feeling...real excitement...for the IQD...the CBI....the GOI...they understand who is calling the shots...they listen...they advance...something we haven't seen from the previous corrupt government...they look to be learning from past mistakes...that is how one "perfects" a process....a MR [Monetary Reform] process.
9-19-2014 Newshound Guru Kaperoni Iraq does nothing fast despite the outcries from everyone in the media to do so. The good news is it seems that all the experts in Iraq "get it" and what they are saying is what we want to occur. It is so frustrating for sure..because we all know what they could have and they are so far behind schedule...but, we just need to wait it out. Let me give you my personal view...replacement of the 10k is critical since it was the most counterfeited note in the series. In this replacement, they strengthen the banking system, the currency in use and prevent additional fraud. This is necessary before they open the banking system to the world and enter Article VIII. Can you just imagine if they did nothing and the original 10,000 is easily copied and counterfeited in the marketplace? It could potentially cause sever damage to the Iraqi economy. IMO this is good news... [post 2 of 2]
9-19-2014 Newshound Guru Kaperoni Article: "Financial Expert: Subtract category 10 thousand new security precaution and to re-structure the expectations of the Iraqi currency" if the CBI's intent is to replace the existing notes with new (more secure) undated versions, there is no RV, float or any other change in value coming for at least a while (at least months). It would make no sense to replace these notes if they expected to introduce new lower denominations in the near future. In fact, the CBI has stated the replacement process will continue through the end of this year. That tells me...nothing is happening with the exchange rate in 2014! First and foremost the CBI is trying to strengthen the monetary policy (get citizens to use dinar, conform to IMF guidelines, build the banking system, reduce corruption, etc.) and then, once the GOI is formed, laws are passed and security is somewhat stable (ISIL delt with) i expect the CBI to transition to Article VIII and a new Exchange Regime which will begin to raise the value and solve the banking and monetary problems that exist....not to mention create the environment for a successful transition to a market economy. [post 1 of 2....stay tuned]
9-19-2014 Newshound Guru Aggiedad77 Article: "Parliamentary Finance declares its readiness to present the draft budget law for 2014 as soon as possible" The Finance Committee within Parliament has shown a "willingness" to get the 2014 draft budget pushed through Parliament as quickly as possible...again big news from the Parliament..."give it to us and we will get it done" they are saying...bold talk from this new Parliament...I'm liking what they are saying here....Parliament is also addressing changes to the Unified Retirement Law (9) for 2014 and will be implementing changes that will be for the good of Iraqi citizens...one MP...made a statement that the draft 2014 budget will reach Parliament on the 10th of October....but keep your eyes on this...I think it will be sooner...rather than later. 9-18-2014 Intel Guru Bluwolf I honestly wish to express that we are very close to receiving our blessings...There is nothing that anyone can say or do to push this thing forward for it has a new timing, the GOI is more than ready, many banks are now waiting, many governments are now waiting including ours...It's just a matter of fine tuning all the new issues created by a corrupted, evil and greedy few. ...our blessings are so very near, movement is being seen in all economical positions.
9-18-2014 Intel Guru TerryK Article: "Postponed the nomination of the political blocs concerned security minister, on Thursday to vote on them for two weeks." NOT GOOD NEWS...WE ARE ON HOLD FOR TWO WEEKS. [do you think it might be smoke?] WELL I WAS TOLD IT WAS DONE...AND NOW THIS.
9-18-2014 Intel/Newshound Guru Poppy3 [I have been looking for the so called IMF document that states Iraq can support 3.22 plus 20% inflation and can not find any reference to those numbers.] THAT WAS ON THE IMF WEB SITE IN OCTOBER 2010 IN FULL VIEW... BUT THERE HAVE BEEN MANNY MEETINGS SINCE THEN SO THE RATE COULD BE MUCH MORE OR MUCH LESS. THAT WAS POSTED FOR 3 DAYS THEN REMOVED.
9-18-2014 Newshound Guru Kaperoni Article: "Finance parliamentary likely to issue a new edition class (50) thousand dinars" ...if they issued physical 50k or 100k notes it is not good not only for us as dinar investors, but for Iraq's own economy. That is not what they are going to do. It contradicts everything Iraq needs to do for a transition to a market economy and more importantly integration of the banking system with the world economy. That is why they won't. What they will do is raise the value of the dinar (nominal exchange rate) and introduce notes that gives one "the feeling" of purchasing power equal to issuing a 50k or 100k note. In other words, they are trying to raise the value as so often stated at or near 1 to $1.
9-18-2014 Newshound Guru Adam Montana [...are you still leaning toward a 10cent revaluation or has it moved up or down ...?] I"m sticking with .10 for now... if I'm wrong and it's higher, I don't think anyone will be mad at me. : )
9-18-2014 Intel/Newshound Guru Poppy3 [what laws are we looking for besides HCL?] MANY BANKING LAWS INCLUDING THE INTERNATIONAL BANKING LAWS THAT HAVE TO BE DONE FOR THEM TO BECOME FULL MEMBERS OF THE WTO. ALL THESE LAWS WERE YESTERDAY SAID TO HAVE BEEN PLACED IN ONE BASKET FOR VOTE SO THEY ALL WILL BE PASSED AT ONE VOTE. [post 2 of 2]
9-18-2014 Intel/Newshound Guru Poppy3 [your sources say anything else?] THEY STILL SAYING WHEN LAWS ARE COMPLETED AND IMPLEMENTED THEY EXPECT THE RATE ANNOUNCEMENT ASAP AFTERWORDS. [post 1 of 2....stay tuned]
9-18-2014 Newshound Guru Shredd regarding remaining ministers, I think agreement will be had soon and agree on vitality of having them seating to move forward on fighting terrorism and moving forward on monetary policy change and to have agreement amongst the parties is key, non-sectarian...equally representative. I'm excited to see new notes being updated too again, fighting corruption...making it harder for terrorists to use and exchange imo. [think all those security things being done is the prelude for the LD's to show.] totally agree, part of three zeros plan... LD's will be useless without a strong rate.
9-18-2014 Intel/Newshound Guru tman23 [u think iraq will pull things together this month or not?] I'm sticking to 10/7 - 10/9 to see the change in currency rate...Quite frankly I have around 8 solid items that favor this timeline as being best window.
8-18-2014 Intel Guru TD So... the introduction of these into the marketplace IS/WILL BE PROOF POSITIVE of the GOI and CBI's monetary policy for the time being (next 6 months at a minimum). To reiterate my contact indicates that the Finance Committee and the ABADI administration will NOT entertain any other discussions regarding such till sometime toward the end of the first quarter of 2015 and the BIG IF of that timeline IS/WILL BE the handling of the country's security situation. THIS IS HUGE! [post 2 of 2]
9-18-2014 Intel Guru TD Comments to share from my Kurdish friend (As always please treat as rumor): My guy mentioned...this article which actually is a rehashed article BUT has some real muster behind it BECAUSE the NEW 10K note is already being integrated/exchanged and the other (NEW) 5k , 25K and MOST IMPORTANTLY the NEW 50K is COMING!!! These new notes( I'm told) are in final process of production and will be integrated/exchanged during the last quarter of this year. This has two VERY IMPORTANT IMPLICATIONS : 1) Cutting off ISIS from obtaining the new notes and not able to mass produce counterfeit ones and 2) THIS SHOULD PUT TO REST (for the next two quarters) THAT THERE WILL BE NO RV/RI/RD. [post 1 of 2....stay tuned]
9-18-2014 Newshound Guru Adam Montana [when the GOI printed their post Saddam dinar (the currency that we all here are holding) was it THEIR game plan to RV or was that the thought that we investors had dreamed up? I remember when George W. made the announcement that the U.S. was going to invade, he did say that this invasion would not cost the U.S. taxpayer anything. So, I thought that (when I first invested in the IQD) that it was the U.S.'s intent to have a lot of these new Dinar to cover the price of the invasion. If so, WHAT WENT WRONG? And is that where we are now?] I don't necessarily think anything went "wrong", it's just taken a while to get everything in place. We've seen the IQD more than double in value since 2003, we've seen Iraqis form a government, we've seen the Iraqi people voting (remember the first time we saw the purple ink on the fingers of voters?), we've seen a LOT of progress... and we continue to see that. There was no way the IQD could have gone up dramatically and been stable any time before 2010... but the progress they've made is undeniable, and if it's going to happen - we are close.
9-18-2014 Newshound Guru Kaperoni Article: "Erbil and Baghdad Close to Oil Agreement" I would not go so far to say HCL is about to be done. HCL is much more than just how to export Kurdistan oil. None the less, a good step.
9-18-2014 Intel Guru DC [via Adept1] Parliament has been meeting, and all the ministers are seated and done. Cards are loaded, and the rates have changed a little bit. We understand the numbers may have been adjusted downwards just a little bit in line with earlier budgets. Those are the numbers with which they are loading some of the cards. Everyone is ready across the world, so I think it looks phenomenally good right now. Iraq is ready, waiting on CBI to do its stuff, waiting on them to have their procedures all right and tight, and from there it will be 2-15 minutes to go around the world. We are highly optimistic that this is coming to an end.
9-18-2014 Intel/Newshound Guru Poppy3 CALL...FROM GREENZONE BUILDING SAYING THEY EXPECT ABADI TO FINIISH MINISTERS TOMORROW [THURSDAY] AND SEVERAL OTHER VOTES TO TAKE PLACE. ALL SOUNDING GREAT ON THE STREETS...THERE NO ISIS WITHIN 50 MILES OF BAGDAD AND NEVER HAVE BEEN.
9-18-2014 Intel Guru TerryK YOU DON'T NEED TO CALL AN 800 NUMBER TO DEAL WITH WF [WELLS FARGO] BOA [BANK OF AMERICA] OR ANY OF THE OTHERS. JUST CALL YOUR LOCAL BANK OR DINAR DEALER AND SCHEDULE AN APPOINTMENT. THAT'S HOW EASY IT IS...I HAVE SPOKEN TO THE VP OF INTERNATIONAL BANKING WF AND THEY HAVE NOT EVEN HEARD OF A CONTRACT 800 RATE OR NUMBER AND I HAVE TALKED TO HOMELAND SECURITY AND THEY HAVE TOLD ME THIS AND I QUOTE "ANYONE THAT IS THINKING ABOUT DEALING WITH AN OUTSIDE SOURCE TO EXCHANGE ANY CURRENCY MUST DEAL WITH A LICENSED VENDOR OR BE IN VIOLATION OF THE UST GUIDELINES". THINK IT OVER, BEFORE YOU GO DOWN THAT PATH. [So,when now are we thinking this MIGHT happen?] I GOT YESTERDAY THAT THEY HAVE NOW THE LAST MINISTER IN PLACE...SO ANY TIME WHAT I WAS TOLD.
9-18-2014 Intel Guru TNT Tony [via Adept1] Economic reform is being explained on the television again...and they are talking about the deal made with the UN, that Iraq is ready to “stand alone”. That is scrolling on their television screens right now, after the Paris meeting. We do know with the UN proposal and the coalition fighting ISIL that some bills are due tomorrow [Thursday] or the next day, and they are supposed to be paid in non-US currency. All that is good news that this is coming to a conclusion. There is a plan in place right now and it has been activated. So we are in a good position. This whole thing should be coming to a conclusion really quickly...All the hard work, arguing and fuss has been done. This is happening any time... I don’t think they will wait until the 1st. 9-17-2014 Newshound Guru Millionday THEY HAVE MADE IT CLEAR WITH DOING THE BUDGET FOR THE LAST PART OF THIS YEAR THAT THEY ARE GOING TO STICK TO THEIR AGREEMENTS WITH THE PAYMENTS TO BE MADE TO AGREEMENTS MADE AND ALSO THE KURDS AND CITIZENS. CBI WILL NOT RELEASE THE FUNDS TO THE PROVINCIAL BANKS OR TO THE GOV WITHOUT A BUDGET IN PLACE. SO WHAT WE HAVE IS MINISTERS TOMORROW AND BUDGET BY NEXT WEEK... [post 2 of 2]
9-17-2014 Newshound Guru Millionday TOMORROW THEY WILL BE VOTING IN THE LAST OF THE MINISTERS INTERIOR AND DEFENSE. GREAT NEWS. NOTE --- THEY ARE MOVING FORWARD WITH THE MINISTERS AND ARE ALSO MOVING FORWARD WITH ALL REFORMS AND ARE PREPARED. SO WE HAVE THE PM AND THE PRESIDENT MEETING TO STATE THAT THEY ARE NOW READY FOR THE REFORMS AND TO MOVE FORWARD WITH THE NEW IRAQ. WE HAVE THE BUDGET TO BE DONE AT THE END OF THE WEEK AND VOTED THROUGH -- THEREFORE THE GOAL OF OPENING THE BUDGET BY OCTOBER 1ST IS REACHABLE. THE BUDGET WILL BE PRINTED IN THE GAZETTE AS LAW -- IT WILL BE LAW WHEN IT IS VOTED IN. [post 1 of 2....stay tuned]
9-17-2014 Newshound Guru Tlar I concur with everything [Guru] Randy [Koonce] has said. I am hearing the exact same information. Our admin caused this delay by putting the stipulation in that the Security Minister must be assigned to activate the currency change and they got the IMF to go along even though their first response was against it. In order to fight ISIS there should be a head of the military so it is a defensible move to coerce the Iraqi's to move on this ministerial position now. The CBI has made some important moves today that bode well for a currency change. They are able, ready and willing if the Minister is seated but best of all, they have the desire and the permission to move if he is. This thing is close. [reference Randy Koonce's post below...9-17-2014]
9-17-2014 Newshound/Intel Guru Randy Koonce We believe that Iraq has stood up and said they need to go ahead with economic progress...Code word RV. This event is not a requirement but just a recommendation from the USA to slow things down...knowing it is a position of great importance in the GOI... if the Minister does not show then it will be a 50/50 chance that it happens by sunday. If it does happen I personally look for this to go down by Sunday...I am hoping above hope this is the last time I have to write a note to let people know where we are at...Do not fall for Exchange rates of anything above 4 dollars...you will be dealing with a possible not so upright person. Do not let your money out of your hands unless you are receiving the exchange rate back at the same time...BE SMART, it is just an exchange, you will be able to go to any bank once the rate shows...We are close..Breathe...Check www.cbi.iq every day to see if it has changed... [post 2 of 2] [See official CBI rate in the Dinar Guru Resource bar on the left]
9-17-2014 Newshound/Intel Guru Randy Koonce I am dropping a note to let everyone to know the state we are in...I want to thank Casper & another friend (he does not want his name out there) that wrote the last letter I sent out. I know it looked different but it was from me I was traveling in Kansas City and could not send it out. We sent it out for a two purpose goal... First to let people know that the Pres was interfering with something that he did not need to be messing with.. and the other to let people know how fragile footing we were on...After saying that the Winds have changed in our favor and now we are in a window until Tuesday next week to see this thing come out. The last thing that we are looking for is the Defense minister to show... The Defense should have shown last Tuesday but internal bickering within the Shia group so it was resolved a few hrs after the postponement of the Parliament. So if we get the Minister of Defense then this investment becomes very very very imminent "that is a pretty big word for me" Lol. [post 1of 2....stay tuned]
9-17-2014 Intel Guru EXOGEN YOU HAVE TO HAVE A RATE BEFORE YOU OPEN A BUDGET.
9-17-2014 Newshound Guru Millionday [Any news about the budget?] THE BUDGET HAS NOT BEEN OPENED YET BY WHAT I HAVE IT IS TO OPEN OCT 1ST.
9-17-2014 Intel/Newshound Guru Poppy3 IRAQ AND DINAR NEWS ALL AWESOME. LOOKS LIKE ALL THE BANKING LAWS WILL BE VOTED ON THURSDAY AND THEY AT THIS POINT ARE OUR MAIN FOCUS BECAUSE THEY EFFECT THE ACTIONS ON THE RATE CHANGE PROCESS AND IRAQ BECOMING FULL MEMBERS OF WTO SO THEY CAN TRADE INTERNATIONALLY. ALL THE MINISTER TALK CAN MISLEAD YOU. THE MINISTERS WILL BE DONE AND IT MATTERS NOT WHO THEY CHOOSE AS FAR AS A RATE ON THE DINAR WE NEED BANKING AND FINANCE LAWS PASSED AND IMPLEMENTED. THIS WILL BE FAST ONCE THEY GET THEM PASSED AND YESTERDAY THEY STATED THEY HAD COMBINED THEM FOR ONE VOTE.
9-17-2014 Newshound Guru Kaperoni Quote: "Parliament resumes its sessions tomorrow and his agenda without a vote on candidates for the security ministries" No security ministers tomorrow.
9-17-2014 Newshound Guru Adam Montana I don't pull out the crystal ball too often... but I'm doing it today: One of two things will happen in the next week or so: 1. Barzani will be arrested in Baghdad on some trumped up charges, and we will have a while to wait on the HCL...OR... 2. Barzani and Abadi will have a successful meeting and we are going to get our HCL in VERY short order. What I've seen from Prime Minister Abadi so far and the way the HCL news has been coming out recently REALLY leads me to believe option #2 is the winner. [post 2 of 2]
9-17-2014 Newshound Guru Adam Montana I've been saying for a long time that we need to see the HCL completed or see some serious action on it before we could get too excited about Iraq raising the value of their currency... Holy Moly there's a lot of activity on the HCL right now! In a nutshell: the HCL is HOT right now. Barzani (Kurdistan's top dog) is heading to Baghdad within a week to discuss the HCL. Now, with all the noise about how the KRG is illegally exporting oil, lawsuits here and shouting there... if this wasn't going to go through, and if Baghdad REALLY had any way to continue to keep this thing from going through, I highly doubt Barzani would be going to Baghdad. [post 1 of 2...stay tuned]
9-17-2014 Intel/Newshound Guru Poppy3 the basket of changed and renewed laws are there for today and tomorrows meetings to be passed in one group vote ...looking very promising to get all complete and release a rate shortly.
9-17-2014 Newshound Guru Millionday THEY WANT THE LAWS FOR THE ECONOMIC REFORM VOTED THROUGH IN ONE BASKET AND THE ONES THAT DONT GO WITH THE NEW IRAQ THROWN OUT. THE CONSTITUTION STATES THAT IRAQ LEADERS WILL BRING THE ECONOMY TO ITS MODERN FORM FOR THE CITIZENS AND THEIR FUTURE (IN SO MANY WORDS). THEY HAVE REVIEWED THE LAWS AND NOW HAVE THEM READY FOR A ONE BASKET VOTE. THE PURPOSE WAS TO ENSURE THE GREATEST SPEED POSSIBLE TO GET THE REFORM DONE ECONOMICALLY SO THAT THE NEW IRAQ CAN EMERGE. THIS IS GREAT. THEY ARE PREPARED. [See the "possible to do list" in the Dinar Guru Resource Bar on the left of this page...]
9-17-2014 Newshound Guru tlm724 Article quote: "economic laws {b} one basket contributes to the transformation of an actual open market in line with the political and economic transformations in Iraq" the sub-committee got it down to 121 laws into the basket, thats a hail of a basket and see they have been working on it behind the scenes since 2013! that is an awesome article and it shows that they are serious about this reform!
9-17-2014 Intel Guru EXOGEN MOST IN IQD LAND HAVE NO IDEA WHAT IS GOING ON AND ALL THEY LOOK FOR AND HEAR...IS RV EVERYDAY AND GLOBAL POLITICS DOES NOT WORK LIKE THAT. TO PUT THIS WHOLE THING INTO A SIMPLE EQUATION HCL + GOI = RV. KURDS AGREED TO IMPLEMENT HCL YESTERDAY. [If they agreed to implement the HCL then it has already passed.] CORRECT. THE REASON THE HCL IS SO IMPORTANT IS IT MEANS THE KURDS ARE HAPPY. IF WE DO NOT SEE THIS IN THE COMING DAYS THERE IS SOMETHING VERY SINISTER AT PLAY.
9-17-2014 Newshound Guru Millionday ...THE NATIONAL ALLIANCE HAS DECIDED ON WHO THEY WANT FOR THE VOTE FOR INTERIOR MINISTER -- HUGE COMPARED TO THE YEARS WE HAVE WAITED FOR THE POSITION. THE PRIME MINISTER IS TRYING TO MAKE EVERYONE HAPPY SO THAT HE MAY BE ABLE TO WORK WITH ALL PARTIES WITH SO MUCH NEEDING DONE -- THEY HAVE AGREED ON SOME OF THE NAMES HE HAS SO THAT WOULD BE THE BEST ROUTE TO TAKE SO THEY CAN WORK TOGETHER AND ALL FEEL AS THOUGH THEY ARE HEARD. THURSDAY WE WILL SEE A MEETING WITH PARLIAMENT AND SHOULD SHOW A VOTE OF THE MINISTERS LEFT TO PLACE.
9-17-2014 Intel Gurus Delta & Nova [I sure did not expect to hear that close to 100 laws needed to be passed before we see an international rate.] THE LAWS THAT THEY NEED TO PASS ARE FOR THE GOV OF IRAQ ...NOT FOR CBI!! Article quote: THIS ARTICLE IS FROM MAY: "the Central Bank will proceed without hesitation applied the project raise zeros from the local currency be stable political and economic situation of the country." YOU CAN'T ACTIVATE LAWS WITH OUT RATE AND ARTICLE 8. There's probably a good chance that laws awaiting activation are buried in with the budget!
9-17-2014 Newshound Guru Kaperoni [Has anyone written an explanation of how the Dinar could possibly have begun its rise in value back in 2012 when we were all waiting with baited breath for the event? Look at what has and is taking place today! The detail and intricacy that appears to be necessary to get this event off the ground is mind boggling when considered against the conditions within the country and government and Centrall Bank of Iraq back in 2012.] It was a different plan back then. Shabibi clearly was doing what he thought was best for his monetary policy despite the lack of progress in other areas to support it. The plan now is clearly different and has been stated..."a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect," as stated in the IMF Article IV Consultation.
9-17-2014 Intel/Newshound Guru Poppy3 ANYTIME SOMEONE STARTS OUT WITH THE GCR HAS STARTED THEY DON'T KNOW SQUAT ABOUT THE RV. CHRISTINE LAGARDE HERSELF ANNOUNCED ABOUT 6 MONTHS AGO THERE WOULD NOT BE SUCH A EVENT. SHE SAID YES THERE WILL AND ALWAYS HAS BEEN GLOBAL CHANGES AND MANY ARE EXPECTED AS ALWAYS BUT THEY WILL BE CARRIED OUT OVER A 3 TO 5 YEAR GRADUAL CHANGE AS ALWAYS NOT IN LARGE GROUPS OF CURRENCIES .
9-17-2014 Newshound Guru Enorrste It is true that the value of the dinar is now artificially low, but that is not due to too much currency chasing too few goods. Instead, it was a deliberate effort made on the part of the allies to "defund" Al-Quaeda from 2004 forward. It is our view that this will be rectified when the float is initiated. When that happens Iraq will experience deflation, meaning the same dinar will buy more and more as time goes by. Someone emailed me recently and said that Iraq is bankrupt! Hogwash! They are running a deficit because they have not increased or even produced a 2014 budget. Iraq has plenty of money. They are, after all, the 2nd largest producer of oil in the world. That hardly constitutes being "bankrupt". [post 2of 2]
9-17-2014 Newshound Guru Enorrste Article: "Dr. Ahmed Ali Abrihi *: the exchange rate and inflation in the years of siege" The nominal and real exchange rate of the dinar were artificially dropped by the UN at the time of the siege. In other words, inflation had nothing to do with the fall in the value of the dinar in 2003. The CBI has kept a check on inflation ever since that time better than almost any other country in the world. ...whenever we see the word "inflation" used in Iraqi articles it must not be confused with our own understanding of that word. The articles refer to the falling of the value of the dinar due to the UN/US action in 2004 when they use the term "inflation." This is not what we mean by inflation. [post 1 of 2....stay tuned]
9-17-2014 Intel Guru TD The CBI has renewed consultations with their Turkish counterparts as Abadi is in favor (I'm told) to pursue the Turkish model EVENTUALLY, which in all likelihood is at the end of the first quarter of 2015. And the big IF of that timeline remains the progress of the country's security situation. In addition, my source advises that the recent introduction of the 10K note (with enhanced security features) is to make sure that ISIS doesn't go on a huge counterfeit production spree as well as the integration/exchange into the controlled areas of Iraq. He indicates that introducing these notes should yield a STRONG CLUE to everyone that at least for the near future there are no other plans of currency reform to enact. [post 2 of 2]
9-17-2014 Intel Guru TD Recently received comments from my Kurdish-GOI contact : (as always treat all as rumor): There are no new "live" rates and the only place whereby the initial (if any) change will be, is the CBI website, followed almost instantly in all countries simultaneously. Secondly, the word "imminent" is the most often used word during this long saga of the dinar investment...According to my source, there are no immediate plans for the Finance Committee to meet with the Abadi administration in the near term. It is this Committee that will entertain proposals of economic reform programs which includes the long awaited "deletion of the zeros" program previously discussed in the Maliki administration in concert with the CBI agenda. [post 1 of 2....stay tuned]
9-16-20214 Intel/Newshound Guru Poppy3 CBI CAN GO AT ANYTIME NOW PROVIDED ALL THE OTHER POLITICAL STUFF HAS BEEN MET AND IT SOUNDS LIKE THEY HAVE COMPLETED EVERY TASK THEY NEEDED SO LETS LET R RIP FROM HERE. THEY HAVE MADE TREMENDOUS PROGRESS DAILY FOR WEEKS NOW THUS I AM VERY ENCOURAGED AND I THINK [GURU] BGG AND ALL THE RESEARCHERS ARE ON A HIGH RIGHT NOW FOR THE SAME LEGITIMATE REASONS ALL IS GOOD.
9-16-2014 Newshound Guru Millionday [Do you think the budget will be in trillions of dinar or a reality rate and billions of dinar?] THE REPORTS I HAVE SEEN, IT IS IN THE BILLIONS.
9-16-2014 Intel Guru TerryK I LIKE THE ARTICLE REGARDING THE VDN ...THAT THE BANKING SYSTEM IS THINKING 1 TO 1. THAT'S BETTER THAN .05.
9-16-2014 Intel/Newshound Guru tman23 They are preparing to RV...that is for certain...And I was told...The current CBI auctions are dealing with Banks in Basra...The reason for the low auctions numbers in the past was they where dealing with banks in smaller areas...They have been pulling from sectors...Basra is a boom area and it would make sense they would be the final step in pulling IQD from the markets.
9-16-2014 Newshound Guru Millionday A DELEGATION FROM THE UN AND THE DEVELOPMENT PROGRAM SIGNED WITH IRAQ. LOOKS AS IF THE UN IS HAPPY WITH IRAQ AND READY FOR PROGRESS TO TAKE PLACE. SO THIS AGREEMENT OR SIGNING WITH THE UN DEVELOPMENT IS FOR THE BACKING OF 177 COUNTRIES AS THEY DEVELOP AND MOVE TO THE GLOBE -- IT HELPS RECOVERY FOR THE CITIZENS AND FOR THE NATION -- VERY IMPORTANT AND A HUGE HELPING HAND AS THEY MOVE TO THE GLOBE -- NOT A LITTLE THING -- A VERY HUGE THING. THEY ARE MOVING FORWARD WITH THE GLOBAL OIL ...AND THAT WILL TAKE IRAQ TO THE GLOBE.
9-16-2014 Newshound Guru Tlar Iraq is in a money crunch with all the promises the Abadi government has made to the Kurds concerning back pay and paying the funds denied since January of Kurdistans share of oil profits. Plus Abadi promised Barzini he would fund the Peshmerga. The Abadi government is at a stand still until this Security Minister is chosen and ratified. Nothing he has promised will come to pass until this gets done. The IMF is on board with the Obama administration in this matter so until then we are once again waiting. I am hopeful there will be no more changes if they can get this done, and Iraq gets the green light. [post 2 of 2]
9-16-2014 Newshound Guru Tlar As it has turned out, the Security Ministry has to be filled before the CBI can move forward. This was a last minute change. Our government thought they would do that last night and are very unhappy today. The phone lines have been burning up with calls to all; important Iraqi politicians. Iraq did turn down the deal to hold but it is obvious that nominating the Security Minister is going to take a little time in order to satisfy everyone. I am keeping my fingers crossed that Thursday this issue will be put to bed and we can move on. The CBI is on hold until this issue is cleared up so to me it is the most important last step. It was our government who demanded the security minister be in place for the CBI to change monetary policy. The thinking was they don't want this dragged out like it was with Maliki so this is basically a last minute change in the plan and and it is our government using the carrot and stick to force Iraq to finish building the government in a inclusive way. [post 1 of 2....stay tuned]
9-16-20214 Intel/Newshound Guru Poppy3 the ministers are ready all but one at this place in time. As for any delay it is yet to be seen. If postponed yes it could delay a rate from showing on wed. as expected but still possible announcement at anytime because the seating is a fore gone conclusion at this point. I am still optimistic for this week. THE NEWS IS SOLID AND POSITIVE. AS I UNDERSTAND ONE OF THE PROPOSED MINISTERS IS ACTUALLY TRYING TO BALK AT ACCEPTING THE POSITION AND NOT BEING VOTED AGAINST AND AGAIN THIS SAYS THEY WILL GET THE SEATING DONE SO THE RATE CAN STILL HAPPEN AT A MOMENTS NOTICE.
9-16-2014 Intel Guru Mnt Goat Parliament was supposed to do a first reading for the proposed contingent budget for the remaining of the year 2014. It too did not happen today since the budget was not yet forwarded from the GOI to parliament in time for the session. I am telling you again as I have said this many times already – we will not see any finality in this next budget until the RV is completed and they have a new international rate to their currency. There is also news from my contact that the CBI is working closely with the banks to train their personnel on upcoming exchange practices. Also the news media in Iraq broadcasting that the currency reform is imminent so we have to ask ourselves what is going on. Something big seems to be brewing and is just beyond the horizon. [post 2 of 2]
9-16-2014 Intel Guru Mnt Goat ...this week Iraq needed to vote on the remaining 6 ministers that were placed as “proxy” ministers for the initial confirmation voting process by parliament last week. The House of Representatives ended its meeting held this afternoon after the non-approval (rejection) on candidates of the Ministries of Defense, Interior and Tourism as presented by Abadi. So 3 of the 6 ministers are still not permanently seated. Two of these are critical ministers for Iraq and must be seated. Parliament is scheduled to vote again on the replacement candidates in a couple days from now or next Thursday 9/18. We wait once again for the controversial Defense and Interior ministers along with the other couple ministers to be seated. After this is completed we will see what impact this has on the RV process. We are still being told they do plan to finally roll out the revalued rate to the international community at this time. We shall see. [post 1 of 2....stay tuned]
9-16-2014 Intel Guru Okie_Oil_Man I LIKE YOURSELF AWAIT THIS INEVITABLE BLESSING... I REMAIN TOTALLY CONVINCED OF IT'S IMMIN
9-16-2014 Newshound Guru Millionday [Do you think the budget will be in trillions of dinar or a reality rate and billions of dinar?] THE REPORTS I HAVE SEEN, IT IS IN THE BILLIONS.
9-16-2014 Intel Guru TerryK I LIKE THE ARTICLE REGARDING THE VDN ...THAT THE BANKING SYSTEM IS THINKING 1 TO 1. THAT'S BETTER THAN .05.
9-16-2014 Intel/Newshound Guru tman23 They are preparing to RV...that is for certain...And I was told...The current CBI auctions are dealing with Banks in Basra...The reason for the low auctions numbers in the past was they where dealing with banks in smaller areas...They have been pulling from sectors...Basra is a boom area and it would make sense they would be the final step in pulling IQD from the markets.
9-16-2014 Newshound Guru Millionday A DELEGATION FROM THE UN AND THE DEVELOPMENT PROGRAM SIGNED WITH IRAQ. LOOKS AS IF THE UN IS HAPPY WITH IRAQ AND READY FOR PROGRESS TO TAKE PLACE. SO THIS AGREEMENT OR SIGNING WITH THE UN DEVELOPMENT IS FOR THE BACKING OF 177 COUNTRIES AS THEY DEVELOP AND MOVE TO THE GLOBE -- IT HELPS RECOVERY FOR THE CITIZENS AND FOR THE NATION -- VERY IMPORTANT AND A HUGE HELPING HAND AS THEY MOVE TO THE GLOBE -- NOT A LITTLE THING -- A VERY HUGE THING. THEY ARE MOVING FORWARD WITH THE GLOBAL OIL ...AND THAT WILL TAKE IRAQ TO THE GLOBE.
9-16-2014 Newshound Guru Tlar Iraq is in a money crunch with all the promises the Abadi government has made to the Kurds concerning back pay and paying the funds denied since January of Kurdistans share of oil profits. Plus Abadi promised Barzini he would fund the Peshmerga. The Abadi government is at a stand still until this Security Minister is chosen and ratified. Nothing he has promised will come to pass until this gets done. The IMF is on board with the Obama administration in this matter so until then we are once again waiting. I am hopeful there will be no more changes if they can get this done, and Iraq gets the green light. [post 2 of 2]
9-16-2014 Newshound Guru Tlar As it has turned out, the Security Ministry has to be filled before the CBI can move forward. This was a last minute change. Our government thought they would do that last night and are very unhappy today. The phone lines have been burning up with calls to all; important Iraqi politicians. Iraq did turn down the deal to hold but it is obvious that nominating the Security Minister is going to take a little time in order to satisfy everyone. I am keeping my fingers crossed that Thursday this issue will be put to bed and we can move on. The CBI is on hold until this issue is cleared up so to me it is the most important last step. It was our government who demanded the security minister be in place for the CBI to change monetary policy. The thinking was they don't want this dragged out like it was with Maliki so this is basically a last minute change in the plan and and it is our government using the carrot and stick to force Iraq to finish building the government in a inclusive way. [post 1 of 2....stay tuned]
9-16-20214 Intel/Newshound Guru Poppy3 the ministers are ready all but one at this place in time. As for any delay it is yet to be seen. If postponed yes it could delay a rate from showing on wed. as expected but still possible announcement at anytime because the seating is a fore gone conclusion at this point. I am still optimistic for this week. THE NEWS IS SOLID AND POSITIVE. AS I UNDERSTAND ONE OF THE PROPOSED MINISTERS IS ACTUALLY TRYING TO BALK AT ACCEPTING THE POSITION AND NOT BEING VOTED AGAINST AND AGAIN THIS SAYS THEY WILL GET THE SEATING DONE SO THE RATE CAN STILL HAPPEN AT A MOMENTS NOTICE.
9-16-2014 Intel Guru Mnt Goat Parliament was supposed to do a first reading for the proposed contingent budget for the remaining of the year 2014. It too did not happen today since the budget was not yet forwarded from the GOI to parliament in time for the session. I am telling you again as I have said this many times already – we will not see any finality in this next budget until the RV is completed and they have a new international rate to their currency. There is also news from my contact that the CBI is working closely with the banks to train their personnel on upcoming exchange practices. Also the news media in Iraq broadcasting that the currency reform is imminent so we have to ask ourselves what is going on. Something big seems to be brewing and is just beyond the horizon. [post 2 of 2]
9-16-2014 Intel Guru Mnt Goat ...this week Iraq needed to vote on the remaining 6 ministers that were placed as “proxy” ministers for the initial confirmation voting process by parliament last week. The House of Representatives ended its meeting held this afternoon after the non-approval (rejection) on candidates of the Ministries of Defense, Interior and Tourism as presented by Abadi. So 3 of the 6 ministers are still not permanently seated. Two of these are critical ministers for Iraq and must be seated. Parliament is scheduled to vote again on the replacement candidates in a couple days from now or next Thursday 9/18. We wait once again for the controversial Defense and Interior ministers along with the other couple ministers to be seated. After this is completed we will see what impact this has on the RV process. We are still being told they do plan to finally roll out the revalued rate to the international community at this time. We shall see. [post 1 of 2....stay tuned]
9-16-2014 Intel Guru Okie_Oil_Man I LIKE YOURSELF AWAIT THIS INEVITABLE BLESSING... I REMAIN TOTALLY CONVINCED OF IT'S IMMIN