Welcome to the Dinar Guru Archives...
8-20-2015 Newshound Guru firefly So much happening right now... BREATHTAKING! jUST KNOW THAT WE ARE IN THE MOMENT, AT THE FINISH LINE. dATES DON'T MATTER.
8-20-2015 Intel/Newshound Guru tman23 The reason oil is down is because manufacturing is down...The worlds economies are in deep S***! The start of October is the beginning of the development rollout for global infrastructure...instead of it being billions invested it is being escalated into the trillions... I posted in the past that June was the end of the road... Since that time Iraq was given until October 1st to get their s..... together...That is July -August-September...a 90 day time frame...a time that requires letter of credit payments... Im not going into detail on that subject...but know that the time is real... And many argue that Iraq does not follow time frames and I agree...but the developed countries do and Iraq can find itself left behind...Cuba being opened is for a reason... there is an economic shift coming and we hope we speculated right with the IQD... This is not conspiracy stuff.
8-20-2015 Newshound Guru Millionday [have you come across anything concerning money laundering law?] THE MONEY LAUNDERING LAW IS DONE...HUGE ANNOUNCEMENT. [Is there any news on the HCL yet?] THE HCL WAS ANNOUNCED TO BE VERY EASY DUE TO ITS CONSTITUTIONAL AND POLITICAL AGREEMENT PARALLEL...IT IS IN PARLIAMENT AND I BELIEVE READ TWICE -- THIS LEAVES VOTE.
8-20-2015 Newshound Guru Adam Montana [For their everyday operation and financial business, Is Iraq using their money or are they using the dollar? Seems that if they are using the dollar then we must still be supporting them financially. If that's the case then they don't really need to be concerned about the Dinar's value.] The CBI runs auctions and uses the dollar to balance the rate. From an RV standpoint it really doesn't matter that they are using USD and IQD. All that matters is where the CBI sets the rate, because that determines how many USD we get for each Dinar. Long story short - their use of USD is not a bad thing for us.
8-20-2015 Newshound Guru My Ladies IF WE REMEMBER THE CBI EXPLAINING TO US THE 3 CURRENCIES THEY SAID THEY WILL ALL RUN TOGETHER FOR 10 YEARS. WHAT ARE THOSE 3 CURRENCIES? THE CURRENCY THEY HAVE NOW, AND THEN THE 50K AND 100K IS NUMBER 2 AND THEN THE PERMANENT ONE WILL BE #3.
8-20-2015 Newshound Guru Arthur It should now be blatantly obvious that the one missing piece to the whole RV puzzle is the lack of a Hydrocarbon Law (HCL) in Iraq to release the budget funds to the provinces as well as a myriad other items that the HCL benefits. In light of where we are in the process we can now release breaking news gathered from sources within the process. Without going into too much minute details, the delay in the full blown release of the next round of reforms was, among other things due to the instability in the political arena in the Kurdistan region. We have information that much of that has now reached a sufficient point of closure that the next round of reforms, including the HCL is now in imminent status with the signing of some documents and release by the PTB. We are now in a countdown to the full blown economic reform introducing the Iraqi dinar to the international community.
8-20-2015 Newshound/Intel Guru BGG "Nuri al-Maliki, who is currently in Tehran in addition to the issue of facilitating the delivery of Mosul to state regulation facing charges of laundering more funds management process in the history of Iraq." Maliki was involved in the largest money laundering operation in Iraq. This piece - in my mind, is the part that will ultimately wind up ending Maliki...the rest he can argue as "partisan", retribution, or whatever...but stealing directly from the CBI isn't something that Iran (or anyone else) will be able to save him from. This IS BAD...not to say that all the other atrocious crimes aren't every bit as bad - but this goes to the very heart of Iraq's current financial crisis. This is the thing the people are demonstrating over.
8-20-2015 Intel/Newshound Guru Backdoc WE ALL HAVE TO BE SO ENCOURAGED BY THE REFORM PROGRESS OCCURRING AT BLINDING SPEED. WELCOME TO DEMOCRACY IRAQ! WITH IRAQI INTERNATIONAL BONDS ABOUT TO BE SOLD A RATE APPEARS TO BE A CERTAINTY IN THE NEXT FEW DAYS OR WEEKS. SO WHEN WILL THE BONDS BE SOLD? THAT DECISION AGAIN SEEMS TO BE IN THE COURT OF THE IMF.
8-20-2015 Newshound Guru My Ladies SO ALL OF THIS AND NOW THE IMF HOLDING ON THE BASKET IMPLEMENTATION TELLS US THAT WE SHOULD SEE AN EXCHANGE RATE NOW-ISH WITH A DOLLAR PEG ON PAR WITH THE INDEX AND THEN LATER WHEN EVERYONE BEGINS THE SWITCH TO THE SDR THEY WILL HAVE TO DO WHAT? [Do not let go of your dinar until it depegs from the usd and pegs to the sdr next year.] RIGHT...SO THE MORAL OF THE STORY HERE IS DO NOT EXCHANGE YOUR DINAR ALL AT ONCE! THEY ARE TELLING US THEY NEED UNTIL 2017... IMF IS TELLING US THEY NEED UNTIL, THE END OF 2016 IRAQ NEEDS TO PUT ON TRAINING WHEELS AND BECOME CONVERTIBLE NOW SO THEY WILL DO THAT WITH A DOLLAR PEG, BUT THEN LATER WHEN THEY HAVE ALL THEIR CORRECT CURRENCY AND ARE READY TO TAKE OFF THE TRAINING WHEELS THEY WILL PEG TO THE BASK AT A REALITY RATE REFLECTING THEIR GDP BY THEN AND THEY WILL HAVE A NEW PERMANENT RATE. WE SHOULD SEE A RATE NOW ISH BUT NOT A SDR VALUE UNTIL THEY SWITCH PEGS...A 2 STEP PROCESS. [with a peg to USD at par would be $1 IQD to $1 USD right?] WELL SORT OF...BUT I THINK THE INDEX IS 0.98 NOW. [post 2 of 2]
8-20-2015 Newshound Guru My Ladies Press Release: "2015 ARTICLE IV CONSULTATION...STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ." Quote: “...commitment to maintain the exchange rate peg...They also welcomed the steps taken to liberalize the foreign exchange market and urged the removal of remaining exchange restrictions and multiple currency practice as external conditions evolve.” SO WE KNOW THEY ARE GOING TO MAINTAIN THE DOLLAR PEG RIGHT? SO WHAT DOES THIS MEAN? WELL WE KNOW THEY NEED TO BE INTERNATIONAL TO GET THE BONDS DONE...AND WE KNOW THEY NEED CUSTODIANS TO TRADE THE ISX...AND WE KNOW THEY ARE COMMITTING TO REVIVE THE PLAN OF REDENOMINATION...WE NOW KNOW THEY WILL KEEP THE DOLLAR PEG... SO IF THEY ARE GOING TO SETTLE IN THE DINAR THEN THE EXCHANGE HAS TO BE ON PAR WITH THE INDEX RIGHT AND IRAQ IS TELLING US THEMSELVES THEY WILL NEED UNTIL 2017 SOMETIME TO BE DONE WITH CURRENCY REFORM RIGHT? [post 1 of 2....stay tuned]
8-20-2015 Newshound/Intel Guru BGG IMHO - there is way, way, WAY too much corruption for Maliki to not face some kind of a direct criminal action - this bit about stealing directly from the CBI is very damaging - they wouldn't be talking about it publicly unless they had the "goods"...the next few days could be very exciting.
8-20-2015 Newshound Guru My Ladies Article: "August 18, 2015 Invitation to Iraqi banks and the Arab and international banks to apply for the implementation of the Custodian service in Iraq Stock Exchange" ISX CAN NOT BE AVAILABLE TO THE INTERNATIONAL CLIENT WITHOUT A MERRILL, OR MORGAN OR GOLDMAN...BASICALLY IN A NUT SHELL A CUSTODIAN. THEY ARE TAKING IN CUSTODIANS NOW AND THEY WILL NOT DO THAT FOR SOMETHING THAT IS LIGHT YEARS DOWN THE ROAD. THEY NEED CUSTODIANS NOW TODAY! RIGHT NOW... [I saw a US News and World Report article about it as well as AP and Reuters.] YEP AND IN THAT ARTICLE THEY SAID IRAQ WAS GOING TO REVIVE THE PLAN TO REDENOMINATE THEIR CURRENCY. 8-19-2015 Newshound Guru Adam Montana [For a long while I heard that over half of the HCL was done, but it is still a HCA. Is it in front of Parliament or are the Tarriff Laws and people getting Fired more important?] In my opinion, the HCL is going to be done as quick as the actual RV - it won't get back in front of Parliament until they are sure they are going to pass it, and pass it quickly. I'm not the only one who believes the HCL is the last key to seeing the RV, which leads me to think that it will be a 1-2 deal. Go HCL, then go RV.
8-19-2015 Intel/Newshound Guru tman23 The NEW CBI website is extra special...and it is proof that change is about to occur... The Kurdistan Government secured the domain .KRG and has given until October 15th for all registered business to secure their domain...and then it is open to public. The reality of the IQD speculation is going to come to light... All we can do is wait and see if we speculated correctly and it delivers the ludicrous profits we all hope for. When the iisd...international institute for sustainable development...held by the general assembly of the united nations...finishes it's meetings then the money will be released...this is what I was told...And that you can bank on!
8-19-2015 Newshound Guru Millionday Banking Report: "Call for cooperation and integration of global economies" THIS WAS THE TITLE OF THE BANKING REPORT...HOW GOOD IS THAT... THE...REPORT...SHOWS INTERNATIONAL COMPLIANCE AND ALL BANKING ROLES BEING ACTIVATED. THEY HAVE A TEAM SET FOR THE ACTUAL RELEASE OF THE ECONOMIC REFORMS. THE BANKS ARE THE VERY FRONT OF THE ECONOMIC PROCESS FOR IRAQ...THEY HAVE TO MAKE EVERY STEP COUNT TO BRING BACK THE NATION AS PLANNED.
8-19-2015 Newshound Guru Adam Montana Well, I hate to keep harping on the same thing week after week, so I'm keeping it simple today. No HCL, No RV. Give me an HCL, and we are back in business quicker than you can say "lickity split"!
8-19-2015 Intel Guru Mnt Goat WOW! I can hardly believe the news this week so far. So much news this week. Are we really on the track to finally see the project to delete the zeros from the currency and get our RV? Seems that way. So the news of this week is the coming of the second set of reforms as Abadi promised. We are beginning to see these new reforms (phase II) take shape. Be patient I believe the redenomination meaning the deletion of the zeroes is in this second set of reforms.
8-19-2015 Intel/Newshound Guru tman23 Actually what we are seeing is not at all surprising... June was the end of the road...and we are witnessing the change of dynamics in warp speed...There is a time limit and it is Oct 1st... But there are a host of world events tied into this timeline ...which are quite coincidental if you believe in such! ...there are so many documents that were set with this date from different resources.
8-19-2015 Newshound/Intel Guru BGG Article quote: "...the mini-financial committee set up by Parliament to follow up on money laundering in the central bank file or transfer large sums of money out of the country accuse Maliki of being behind it." Stunning news...Maliki was involved in the largest money laundering operation in Iraq...they actually pinned the Money Laundering / Embezzlement directly from the CBI ON HIM!!
8-19-2015 Newshound Guru Kaperoni Article: "Jubouri: The second package of reforms will contain a lot of detailed important decisions" We can see now that these various committees are being formed to present to the PM reforms. And the second package appears to begin to including banking reforms..specifically mentioned here "guarantee deposits." This brings me to the committee that met yesterday discussing the currency... We could be seeing the beginning of many steps to improve the economy, strengthen the banking system and improve the value of the currency. It will be interesting to watch these packages of reforms over the next several weeks and how they are implemented.
8-19-2015 Newshound Guru Millionday ABADI HAS POSTPONED HIS CHINA VISIT TO ACTIVATE REFORMS...THE TRIP TO CHINA...WAS TO BE IN THE MIDDLE OF REFORM ACTIVATION... RIGHT NOW ALL THAT IS IMPORTANT TO ABADI IS TERRORISM AND THE ACTIVATION OF THE REFORMS. THE GOAL IS THE FIRST OF THE MONTH...SEPT 1ST ACCORDING TO REPORT...FOR THE REFORMS TO BE ESTABLISHED... HE DID NOT SPECIFY JUST SOME REFORMS -- IMO -- HE IS STATING ALL REFORMS AS THEY [THE REFORMS] WORK TOGETHER.
8-18-2015 Newshound Guru wmawhite [...will those bonds be in Dinar...or USD? the international ones?] The article...reports in IQD. [is redenominate the same thing as a LOP?] No...Understanding this, ...a LOP would be going in the opposite direction. Try to understand when a country LOP it is under huge inflation and the currency is losing value daily. Iraq has very little inflation and even the biggest critic will admit that the value of the IQD is much greater than 1166. [post 2 of 2]
8-18-2015 Newshound Guru wmawhite Well, well ,well...now the U.S. News and World Report is reporting the same thing:.."US News & World Report - Iraqi selling intl bonds and redominating currency...Reacting to the crisis, Iraq plans to issues bonds worth $7 billion — $5 billion in international bonds... Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes, said Ihsan Shamran al-Yassiri, the head of Iraq Central Bank Issuing and Vaults Department" the significance is that the IQD will be on the bond market. The bond market is twice the size of all of the world's stock markets combined. when the IQD is on the bond market the individual bonds are able to move freely. This is the first step of the IQD reentering the world currency markets. Exciting and nice news. [post 1 of 2....stay tuned]
8-18-2015 Intel Guru Frank26 The Monetary Reform remains in front of us. It is our opinion that Dr. S [Shabibi] will be returning but we just don't know when. Again, IOO (In Our Opinion) the reforms will need an RI to start them. From the article earlier today, "Let it Float"....this will put things in the hands of the international world and with this will come a faster rise in the rate...IOO. With the actions being taken by PM Abadi in the form of his reforms expect to see the removal of many things, people, policies, laws, etc. he will make sure that nothing stands in the way of his reforms as we move forward.
8-18-2015 Intel/Newshound Guru tman23 The new currency must come first as a prelude to the deletion of the 3 zeros from the currency... This is the biggest statement ever made yet so often overlooked! If they are speaking of new lower denoms, then they would need a rate other then 1166...and if they come first, then the 3 zero notes will carry high value before removing the 3 zeros at the exchange window...what is the time limit...72 hrs...7 days...who knows...but it is possible! The other scenario is seeing a 50,000 note come in October...if that hits the streets then it is not looking good no matter how anyone tries to spin it... Make no mistake...the world is on the edge of financial disasters... it is real and live! There are 33 consulates now opened in Erbil... All these countries are lining up at the feeding trough...IMO it is bigger then Iraq...something BIG is being prepared... and TIME IS A FACTOR!
8-18-2015 Newshound My Ladies Aritcle quote: "Iraq hired banks for its first international bond issue in almost a decade, seeking $6 billion to help plug a widening fiscal deficit." Quote: "The country plans to meet with international investors as soon as next month, said two people familiar with the program, asking not to be identified because the talks are private." WE HAVE CONFIRMATION FOR NEXT MONTH FOR THE SALE...THIS IS PROMISING.
8-18-2015 Newshound Guru Kaperoni Article quote: "Iraqi Center for Development and Media systems and in coordination with the Office of the Prime Minister workshop economic entitled (to float the Iraqi dinar and its impact on the economy)... discussed the workshop the importance of the advancement of the Iraqi economic reality and its impact on the Iraqi citizen, where participants put forward many ideas and perceptions that the Iraqi government included in the economic reform plan, including the issue of the float of the Iraqi dinar..." it's not new...its the decision that was made a few years back over the previous plan (which may have been a LOP) and to go to a more gradual appreciation as stated in the 2013 Article IV Consultation. This panel may just be reviewing the conditions, circumstances, etc to see if the timing is appropriate for the CBI to act. Who knows, but the discussion is good anyway you look at it.
8-18-2015 Newshound Guru Breitling They [the CBI] are telling business and local banks to stop doing business with Iran…the main reason why is they [Iran] are trying to pump US dollars into iraq because they know they [Iraq] are trying to add value to the dinar and they [Iran] know one of the tools to keep the value of the dinar down was the US dollar…it's a back door confirmation of what the intent is of what Iraq wants to do. They are cutting Iran off at the knees. It's one thing if the CBI can scoop up those dollars and put them into the reserves…that's a good thing but there is so much that they're having a problem with it. And it will keep the value of the dinar down if they don't tackle it.
8-18-2015 Newshound/Intel Guru BGG Article quote: "President of the parliamentary Economic Committee, Dr. Haitham al-Jabouri, an elite group of advisers, experts and academics...included within the plan of economic reforms and the issue of Iraqi dinar to float where participants set Of recommendations to be submitted to the Office of the Prime Minister." Keep in mind...though high powered - this is a group of experts who got together and talked things over...(not the Gov of CBI or PM)...and are (or have) forwarding their idea(s) to Abadi...I am not sure "float" is the singular though - it is not impossible they could be talking about the IQD "going up"...My point is this - the translation "float" could be easily better "characterized" as "going up"...That is the STUNNER... [Do you think its possible they still haven't decided how they are going to do this? meaning open to suggestions?] For sure - they haven't even fully regained control of their own CBI yet... anything is possible. more than whatever it is they are saying - is the "weirdly coincidental" timing of these few articles coming out...right around this "period of reform" by Abadi...this seems to be a time of "rapid change" - so things could unfold very, very quickly.
8-18-2015 Intel Guru Frank26 Tomorrow [Tuesday], YOU ARE GOING TO SEE UGLINESS...change is coming and it will be BRUTAL UGLY…BUT IT STARTED... The reform is going to be brutal starting tomorrow that’s necessary... This time this cleaning is really at a warped speed…we’re talking DAYS…and it’s leading us to OCTOBER 1ST. We feel that to be a deadline for the currency reform under the umbrella of the monetary reformations that lead to the lifting of the 000’s. [post 3 of 3]
8-18-2015 Intel Guru Frank26 Let me talk about a BLACK LIST...it’s about removing the 000’s. THEY CAN PUT THEM ON THE BLACKLIST – if we don’t see anything in a monetary reform change…the currency will be put on a black list – ...if it doesn’t happen by Oct. 1st... it would be disastrous for the monetary reform... The international currency is the ONLY SOLUTION TO AVOID BEING PUT ON A BLACK LIST, IMO. There’s lots of soldiers that are in Iraq to protect the new government. It’s going to become a democratic country – Insurgents don’t like that hipocrasy as long as they work with the new government. Our boots on the ground is to protect a new justice that’s about to come to bear. JUSTICE….and the reinstatement of many reforms. [post 2 of 3....stay tuned]
8-18-2015 Intel Guru Frank26 ...on Tuesday our teams called us and said...the only way to get the MR [Monetary Reform] is for Mr. S [Shabibi] to come back! In my strong opinion, Dr. Shabibi has been the quarter back, but... Dr. S said two years ago I got kicked out by Maliki – do you think I’m going to come back while he’s there? Of course not. Six months ago, Abadi asked Dr. Shabibi to come back – but he said not under these conditions. Once I know the banks are secure and Aleck gone and get rid of Maliki’s son too...Dr. Shabibi said if you BUILD THIS FOR ME, I’ll be back...and I see that you’ve built what I want. ...SOCIAL MEDIA, YOUTUBE…you can find "keywords" there...when you see "KEYWORD" substitute DR. SHABIBI...IMO. Speculation of Dr. Shabibi being arrested...That’s BS. [post 1 of 3....stay tuned] 8-17-2015 Newshound Guru Millionday Article quote: "...economist member of the Baghdad forum Amer Jeweler for the purpose of implementation of the reform professionalism and rigorous and serious action to achieve meaningful actual results immediately reflected on the economy and the citizen and the future of the country..." JEWELER IS REQUESTING FOR ALL ECONOMISTS TO ABADI THAT THE BEST EXPERTS ARE IN PLACE FOR THE REFORM PACKAGE ACTIVATION SO NO MISTAKES ARE MADE. THE REFORMS MUST BE DONE PROFESSIONALLY ENOUGH THAT THEY PRODUCE AN IMMEDIATE RESULT ON THE ECONOMY. ["PRODUCE AN IMMEDIATE RESULT ON THE ECONOMY" and "LARGE FOOTPRINT (IMPACT)" These don't sound like slowly rate increase to me; these sound like a...RV overnight.] IT SOUNDS LIKE THEY ARE HOPING FOR AND EVEN HAVE PLANNED FOR IN THE REFORMS A HUGE IMPACT TO THE ECONOMY ---VERY ENCOURAGING AND EXCITING TO SEE THE REPORTS.
8-17-2015 Newshound Guru Kaperoni Article quote: "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market." This guy is...saying we need to get rid of our 3 zeros notes and go with notes without zeros like the old days where 25 dinar was worth $75. There is not talk in the article on the process or how to achieve this and any talk of a LOP is stupid....Iraq is not a candidate for such an event. The plan has been very well documented, from the IMF, to economists to even the CBI. Relax!
8-17-2015 Intel/Newshound Guru Poppy3 TOLD YA'LL...WHAT THE OFFICIAL WORDS WERE AND NOT ANYTHING EVER BEEN SAID BY ANY OFFICIAL SINCE THEN...$3.22 PLUS UP TO 20% MORE FOR INFLATION WHICH COULD ADD UP TO .64 CENTS MORE. NOW FOR ALL THOSE THINKING THEY WILL COME OUT LOW AND GO UP ASK THEM TO SHOW YOU ANYTHING FROM THE PEOPLE THAT ACTUALLY HAVE Anything to do with setting the rate HAS SAID ANYTHING DIFFERENT. THEY CAN'T. IT'S NEVER HAPPENED...WOULD A LOW RATE BE $3.22 AND NOT ADD ANY INFLATION RATE TO IT? FOOD FOR YOUR THOUGHTS. ...JUST THE FACTS...ONLY STATED FACTS BY THE DIRECT PEOPLE THAT SET THE RATE.
8-17-2015 Newshound Guru Chattels Until Iraq has control of it's borders and DAESH has been ousted from Fallujah, Ramadi and Mosul, I have little expectation of any significant increase in the value of the dinar. And it may be some time before Iraq is RELATIVELY safe, secure and stable.
8-17-2015 Newshound Guru wmawhite The discussion about what type of notes are used on the streets is totally different from a discussion about the yet to be announced international exchange rate. There will be one international exchange rate for the IQD which is only applicable outside the country. That will in turn determine the type and size of the note to be used in country. Folks, what you can take away from this discussion and that article is that the citizens are being told to expect changes in the currency they will use on the streets and why? Because, the IQD will be put on the world currency market and the new value of the IQD will affect the type of note they will use inside Iraq. Plain and simple. [If the IQD does float, will there be value added & then it floats or will it float from 1166? If it floats from 1166 will there be demand for the IQD at that level?] The CBI will never tell what they will do until after it is implemented. We will know the same time the rest of the world currency markets know. [post 2 of 2]
8-17-2015 Newshound Guru wmawhite Article quote: "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market." ...out in the communities the local shops take both the USD and IQD...they prefer the USD. Currently, the 25K is equal to $22.35, but the shop owners do not make change so they see the 25K note as $25.00. So that article was telling the citizens that they should expect to have additional purchasing power equal to $75.00 where it used to be only $25.00...additionally, they are being reminded that the large notes will gradually go away...but they will have 3 times the purchasing power. the CBI has over and over emphaized that the three zeros notes will continue to be legal tender...but has to [as the?] prices in the economy are reduced the need for the large notes go away and are replaced with LDs. [post 1 of 2....stay tuned]
8-17-2015 Newshound Guru Kaperoni Article quote: "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market." ...there is no discussion in this article on the "process" which we know is not a LOP, but a gradual appreciation.
8-17-2015 Newshound Guru Millionday [when they reinstate the tariffs do you think they will need the exchange/or new rate before they implement the tariffs?] THE TARIFFS ARE A % BUT FOR GLOBAL TRADE -- MARKET ECONOMY THEY NEED TO HAVE PRICING SET FOR IRAQ TO HAVE INTERNATIONAL COMPLIANCE WITH FAIR TRADE ETC.
8-17-2015 Newshound Guru Aggiedad77 Article: "Investors Leery of Upcoming Iraqi Bond Despite New Credit Rating" When these bonds are floated onto the market my bet is they will be scarfed up as quick as they come into play...the Fitch rating if it still exists at that level will not hold back those who are interested in investing...this is a high stakes high risk game and there will be those rollers who feel the dice are hot in favor of Iraq right now and they will put big money into play for the potential to win big...bigger than seen in recent years...watch for it...times are exciting.
8-17-2015 Intel/Newshound Guru Poppy3 Article quote: "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75..." IN OCT. 2010 THE IMF POSTED ON THEIR WEB SITE THAT AGREEMENT WITH IRAQ WAS REACHED ON THE EXCHANGE RATE OF THE DINAR ( 4 YRS AGO ) OF $3.22 AND POSSIBLY UP TO 20% FOR INFLATION OVER THE TIME OF THE WAR WHICH HAS RISEN HIGHLY OVER THE LAST 4 YEARS. THIS IS OLD NEWS TO THOSE OF US THAT HAVE ONLY LISTENED TO THE AUTHORITY FOR INFORMATION. YES IT IS EXCITING TO SEE ALL IS STILL THE SAME AND NOW ACTIONS ARE SHOWING IT IS HAPPENING.
8-17-2015 Newshound Guru wmawhite Article quote: "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75..." ...this is telling the citizens that the 25K note that is currently treated as $25 in the shops will be worth $75 in the future. This is very good.
8-17-2015 Newshound Guru Millionday [and so we care...why?] BECAUSE THE IMPACT OF THE REMOVAL IS ALSO THE EXCHANGE OF ALL DINAR -- INSIDE AND OUT OF THE COUNTRY AND WILL ALSO DETERMINE THE EXCHANGE RATES TO ALL COUNTRIES. THE RESULT THIS BRINGS IS EXCITING TO US. THE EXCHANGE REGULATIONS WILL BE RELEASED --- TIMING ETC THAT THEY HAVE SET -- AND THE DINAR WILL BE SOLD FOR WHATEVER INTERNATIONAL VALUE THERE IS...THIS IS HUGE HUGE AS THIS IS ALL PART OF THE EXCHANGE OF THE DINAR. [when is the deleting of zeros going to happen?] THIS SAYS THE CONDITION FOR IT HAS BEEN ACHIEVED -- SO ANYTIME ACCORDING TO THE REPORT. [post 3 of 3]
8-17-2015 Newshound Guru Millionday THIS IS TO THE CITIZENS AND SHOWING THEM THE VALUE OF THE BUYING VALUE THAT WILL COME FROM THE REMOVAL OF THE THREE ZEROS -- THIS IS A HUGE RISE IN IRAQ BUT IS NOT THE RELEASED INTERNATIONAL VALUE OF THE EXCHANGE RATE -- IT IS AN EXPLANATION OF THE BUYING POWER OF THEIR DINAR IN COUNTRY AND IS HUGE...I DONT WANT YOU TO CONFUSE THE TWO THIS IS A HUGE LEAP IN THEIR ECONOMY AND WILL MAKE THE DINAR MUCH MORE POWERFUL BUT NOT THE MATH FOR THE EXCHANGE RATE HERE BUT THE RESULT IS THE IMPACT ON THE INTERNATIONAL RATES WHEN THEY ENTER THE MARKET ECONOMY -- THAT DETERMINES THE COST OF THE VALUABLE DINAR TO EVERYONE AND THE PRICE OF EXCHANGE ETC GREAT --- THIS IS GOOD NEWS BUT NOT A VALUE ON FOREX TO US OR ANYONE ELSE. [post 2 of 3....stay tuned]
8-17-2015 Newshound Guru Millionday THE DELETION OF THE THREE ZERO CURRENCY WAS SUPPOSED TO OCCUR 4 YEARS AGO... SHABIBI WAS SUPPOSED TO MOVE FORWARD WITH IT BUT WAS UNABLE TO HOLD THE PROPER POSITION TO ACTIVATE -- NOW ANOTHER IS GOING TO DO IT...DUE TO >>>APPROPRIATE CONDITIONS ---WHOOPOW. NOW HOLD YOUR HAT AND GET YOUR MATH HAT ON...HERE IT COMES... Quote: "He explained that "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75..." ACCORDING TO THIS IT IS SAYING 25K WILL BRING 75$ WITH THE EXCHANGE...NO GUARANTEES...IT IS NOT A PROMISE JUST A REPORT [post 1 of 3....stay tuned] 8-16-2015 Newshound/Intel Guru BGG Article quote: "He explained that "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market." Did this guy just say 3:1? Sounds like what he is trying to say...Wow?!? Not that I agree - but that sounds like what he is saying. [why do you not agree?] current conditions...seems like a big jump... I am a spectator and will be happy with added value...My dream is added value - a move, because once it goes "we're in"! and it is very odd timing this kind of OP ED by economists are coming out RIGHT AFTER Maliki is being dealt with...that is more curious to me than the numbers - the timing.
8-16-2015 Newshound Guru Kaperoni Article: "Economist: deletion of zeros from the currency will reduce the dollar traded in the local market" Quote: "He explained that "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market." He wants a $3+ exchange rate.
8-16-2015 Intel/Newshound Guru Poppy3 I LIKE HE HAS BEEN STRATEGIC IN HIS REMOVAL SO FAR. HE DOESNT MOVE TILL HE HAS HIS SUPPORT AND DUCKS IN A ROW. THATS GREAT. [And a major threat from the world bank.] WELL THE WORLD BANK HAS HISTORICALLY BEEN VERY LENIENT BUT THE PRESSURE IS ON TO SHOW ACTION. [At least Abadi is taking it seriously.] ...HE IS AND HAS BEEN SERIOUS EVERYDAY SINCE HE TOOK OVER. HE HAD THE GOI AND PARLIAMENT WORK 5 MONTHS STRAIGHT WITHOUT A DAY OFF...SAID THEY WOULD NOT STOP PROGRESS TILL ALL IS COMPLETED INCLUDING ALL FINANCIAL REFORM INCLUDING THE NEW RATE. [...after waiting all these years i have never felt more promising of this currency especially in the last year.] ME ALSO. [post 2 of 2]
8-16-2015 Intel/Newshound Guru Poppy3 VERY, VERY GOOD ABADI IS ELIMINATING OBSTACLES HE SHOULD HAVE DONE LONG AGO BUT WASNT POSITIONED TO DO SO TILL NOW. MOVES HAVE ALL BEEN IN OUR FAVOR. VERY ENCOURAGING DAILY. I AM RELAXED AND JUST WATCHING THEIR MOVES AND ACTIONS. [How long do you think it will be before they get rid of Alalak?] I AM SURE THAT WILL BE ONE OF THE NEXT MOVES. I THINK HE WILL NEED PARLIAMENT COMMITTEE AND MAYBE A VOTE (NOT SURE YET) I ALSO EXPECT HE WILL WANT A PERMANENT REPLACEMENT READY AT THE SAME TIME. WE WILL SEE VERY SOON I THINK. [post 1 of 2....stay tuned]
8-16-2015 Intel Guru Jester [...is there any hope for the dinar? ...is the dinar a scam like some are saying?] I NEVER SAID THAT... BUT I AM NOT ON THE BS TRAIN TELLING IT WILL HAPPEN TOMORROW EITHER...THERE IS...ALWAYS HOPE...BUT YOU GUYS HAVE TO LISTEN TO ME ON THIS...IT IS GOING TO BE A WHILE...I HAVE BEEN RIGHT ON THAT BEFORE...
8-16-2015 Newshound Guru tlm724 Article quote: "Jubouri: The second package of reforms will contain detailed a lot of important decisions" Quote: "...al-Jubouri that the second package of reforms will contain a lot of detailed important decisions...that the second package of reforms will be more detailed, more mature and clearer than the first package, noting that this package will not be the last, but there will be a third package" ...so three packages of reforms, didn't think they could all they need to do in just one.
8-16-2015 Newshound Guru Aggiedad77 Article: "Economist: deletion of zeros from the currency will reduce the dollar traded in the local market" It would appear that we have a case of apples and oranges here...they don't mix too well when put into a case...it was either designed for apples or for oranges, but as a mix, the lid just won't close properly. We even see the use of Dr. S [Shabibi] name here...saying he was ready four years ago but the project was delayed as they awaited the correct conditions...then we witnessed the ouster of Dr. S from his position as Governor of the CBI and we believe opportunities have been squandered ever since. Well the time grows ripe again...will we see the return of Dr. S with the ouster today of keywords from his position as "acting" governor of the CBI...a job that apparently he hasn't done too well in the eyes of PM Abadi. Remember who appointed him...the removal of the 000's was Dr. S's baby...his project...but not in this manner or fashion...only the truth in action here will set any of us free...and as part of that truth keep in mind this is one person's opinion...and he is not a part of the process that will bring Dr. S's project to fruition.
8-16-2015 Newshound Guru Chattels [Is Maliki still...VP office or in Iran?] Abadi has the power to remove him with the consent of Parliament under Article 78 of the constitution. That appears to be done. The constitutional question relates to the abolishment of ALL VP positions I think. The constitution requires one according to Visser. The more poignant question for me at the moment is whether there is a ban on travel or not and if so then how did Maliki leave? We need to hear from Abadi it seems to me. As to his being in Iran, it appears that he is there and will be for an unknown period of time. Bottom line, Abadi may not have control of the situation. I have opined that it appears that Maliki is "gone" as far as Abadi is concerned and maybe is going, going, but not gone yet. I doubt that Mr. Maliki has much do do with our liquidity event at this point in time.
8-16-2015 Newshound Guru firefly This is a VERY complicated process. Watch for events not dates. [...what events should we be watching for now?] I'm looking for the IMPLEMENTATION of certain laws...Necessary for the reform to succeed without flaw. [Mosal and Anbar, International Law, Tarriffs, Amnesty, Implementation...] and a few more! The anti money laundering law is crucial...Investment Law! Tariffs will probably be after the fact IMO. ...the meeting last Saturday went extremely well! Everything started moving at lightning speed on Sunday correct? I'm focused on Abadi and the CBI...period... end of story. [how much time you think...?] I will not do dates or windows...but SOON has an entirely new meaning now IMO.
8-16-2015 Newshound Guru Millionday THEY ARE TELLING THE CITIZENS THAT HUGE CHANGES ARE COMING FROM THE REFORMS FOR THEM. ...ABADI SAID THERE WAS ANOTHER SET OF REFORMS COMING HOPEFULLY SATURDAY IF I REMEMBER CORRECTLY. ...WE KNOW THAT THE CITIZENS HAVE BEEN DEMONSTRATING FOR A LONG TIME DEMANDING THE REFORMS. [is it Sat as today Aug 15th? or Sat as Aug 22nd?] I BELIEVE THIS SATURDAY -- I DONT SEE ITS ANNOUNCEMENT HOWEVER.
8-16-2015 Newshound Guru tlm724 ...the second package of reforms that Prime Minister Haider al-Abadi wants to implement, will be launched very soon, where he is currently being prepared for this package, and that will not be the last...more reforms coming! ...with the full backing of the supreme religious leaders and the judiciary he will get this done! 8-15-2015 Intel Guru Frank26 ...Told You already that IMO DRS [Dr. Shabibi] will soon return ...Come back to the CBI. IMO..."Wait for it." He will make the loudest explosion soon enough. He is not in Iraq at the moment.
8-15-2015 Newshound Guru sczin11 FOR THE FIRST TIME IN THE LAST 13 YEARS, THAT I AM AWARE OF, THE INTERNATIONAL COMMUNITY OF WATCHDOGS AND SUPPORTERS, HAS GIVEN ULTIMATUMS THAT IMHO, IRAQ DOESNT WANT TO CALL THEIR BLUFFS ON...IRAQ , WHILE A WEALTHY NATION ON PAPER, NEEDS ALL THE SUPPORT NOW, THEY CAN GET...FOR THEIR PEOPLE...FOR THEIR PROSPERITY..AND THEIR RELIGIOUS LEADERS HAVE STEPPED UP TO THE PLATE...AS MOST OF YOU KNOW, THAT SPEAKS VOLUMES IN MIDDLE EASTERN CULTURE AND GOVT WORKINGS.
8-15-2015 Newshound Guru tlm724 Article quote: "Iraqi Prime Minister Haider al-Abadi has sent two letters to the Integrity Commission to have this commission immediately begin investigating on a number of corruption files" I have been waiting for this! Quote: "According to these sources Haider al-Abadi has emphasized on opening the corruption files of Ahmad Maliki, the son of Maliki. Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi has also been ordered..." that doesn't mean it's so but we need to watch for any further developments! all institutions are under the spot light and lets not forget that Maliki appointed Ali Alak as CBI governor after Turki.
8-15-2015 Newshound Guru Millionday Article quotes: "Iraqi Prime Minister Haider al-Abadi has sent two letters to the Integrity Commission to have this commission immediately begin investigating on a number of corruption files regarding Nouri Maliki and Baha al-Araji." "Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi has also been ordered, according to al-Baghdadiya." SO OBVIOUSLY WE WILL HAVE TO SEE WHERE THIS GOES -- SO I WILL SAY THE ONLY WAY THIS CAN BE VERIFIED IS THROUGH ACTION. [Did I read that correctly!? "Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi has also been ordered..." I thought Abadi helped Dr. S to get out of charges late last year?] THE HEAD OF CBI IS APPOINTED BUT WE HAVE SEEN THIS BEFORE -- WE WILL HAVE TO SEE WHERE IT GOES WITH SHABIBI -- I CAN NOT VERIFY THIS.
8-15-20215 Intel Guru Mnt Goat I believe Abadi has a new target - that of the Judiciary and Court System of Iraq. Abadi must deal with the judiciary now in order to get some of these other laws passed and properly deal with much of the corruption. So how do you judiciously deal with corruption in your ministries if the court system itself is corrupt? ...Iraq had to be sorted out by Abadi and priorities placed, a plan was designed. He is taking on one bite at a time and being cautious. He now has support (and continues) to have support of the citizens in this work that lays ahead. We know without a shadow of a doubt that there will be no RV without Amnesty and other laws. This is given facts to us. So to get these needed laws implemented Abadi must clean up the crocked judiciary system (as well as his ministers). Abadi has gotten momentum from the protestors and so it is time now to move forward on these judicial reforms and we should all be jumping up and down with joy. We have waited soooo long for this to happen.
8-15-2015 Newshound Guru Millionday [So what part is yet to be done before they are ready to do the RV. I mean where do we fit in the scheme of things?] ONE OF THE REPORTS WE HAD ANNOUNCED THAT WITH THE REFORM LAW BEING PASSED THE IMPORTANT LAWS WERE PASSED TOO --- SO AT THIS POINT MANY THINGS ARE NOT BEING RELEASED -- WE DONT HAVE A DATE OR RATE AND HAVE NOT HAD ONE OR A GUARANTEE BUT --- SO MANY THINGS HAVE MOVED FORWARD FROM WHERE WE WERE --- HUGE PROGRESS.
8-15-2015 Newshound Guru Chattels [does Maliki still have a position officially?] not according to his former legal advisor and others. Maliki has been referred to as a "former official". 8-14-2015 Newshound Guru Millionday TRADE AGREEMENT WITH BRAZIL NEXT WEEK -- IT WILL BE INTERESTING TO SEE HOW ITS CALCULATED ETC WITH ITS IMPACT ON RATIONS. [I am wondering what currency they are signing the agreement in...?] IT WILL BE IN DINAR -- THE NEW REGULATION IS DINAR ONLY. THE AGREEMENT IS GREAT NEWS AND ALL THAT IS GOING ON INCLUDING THE REFORMS -- BUT WE DONT HAVE A DATE OF NEXT WEEK --- THIS IS WHEN THEY WILL MEET TO SIGN THE AGREEMENT --- BUT GREAT NEWS --PROGRESS.
8-14-2015 Newshound Guru firefly IMO Abadi and Shabibi are in the same boat. Each is paddling in unison towards one goal. Remember...it was Abadi that forced the courts to remove all previous charges brought on Shabibi from Maliki. Shabibi has NEVER been OFFICIALLY replaced...just a bunch of proxy (fillers) for the position. ...according to the old constitution...the CBI Governor had to be voted in by Parliament. Maliki to my understanding never had the power to appoint a permanent Governor.
8-14-2015 Newshound/Intel Guru BGG [How long do you think it will take to remove Alalak?] that is the last piece of the puzzle - if you are asking me - doesn't sound like long...there was also a SCATHING PIECE about Alak being a child and not at all qualified to be the Gov of the CBI. Quite honestly - the happenings in Iraq are breathtaking...there is a lot going on all at once. [The next week will be interesting to see how CBI plays out.] the next week should be very interesting indeed.
8-14-2015 Newshound Guru Millionday [Do you have any idea when they will implement the border tariffs and the International Bonds?] THEY HAVE STATED THIS MONTH BUT THE BEST WAY TO BE SURE IS TO WATCH IT HAPPEN IMO.
8-14-2015 Newshound Guru Chattels Article quote: "the meeting of a coalition of state law, which was held the evening of the first on Wednesday, led by al-Maliki and the presence of al-Abadi..." SO, MALIKI WAS NOT "GONE" AS OF WEDNESDAY EVENING AND NOW HE IS BEING QUOTED TODAY. NOT GONE,...YET. THOSE THAT SAY HE IS GONE ARE ATTEMPTING TO BE "AHEAD OF THE CURVE" AND ARE SENSATIONALIZING, IMO.
8-14-2015 Newshound Guru Aggiedad77 Dr. S will be picked up along the way as a couple of others are shown their exit...speaking of exits...will Maliki get to Tehran...I'm thinking no....too much rides on his going to trial.....if he goes to Tehran it is the same as him vanishing into thin air...Iraq will always be wondering when and where the snake will pop up again and in what capacity...he has done this before...he has trained his entire family to live in such a manner. [post 2 of 2]
8-14-2015 Newshound Guru Aggiedad77 Will PM Abadi actually make the trip to China next week...I don't think so...there is so much momentum going his way at the moment...he has created a firestorm with his initial round of reforms and they need to [be] pushed forward...plus he has another set waiting in the wings for the proper time...and I'm of the strongest opinion that timing is of the essence right now for him and for Iraq. I think for the next few weeks we will see Iraq kicked into a gear that we've never before thought capable for them...and the engineer driving the train will be none other than PM Abadi...he has a list and has checked it more than twice to know who has been corrupt or not...those who were will get a boot from the train. [post 1 of 2....stay tuned]
8-14-2015 Intel Guru Frank26 Oranges will eventually become...Valuable Apples. [And when will that be...] IMO...If no new rate by Oct 1 st...Then the dinar goes on a Black List.
8-14-2015 Newshound/Intel Guru BGG [...did I hear...that they are going to vote on all the laws next week?] 1st and 2nd reading of a couple of important laws and support for all the other Biggies to be done soon - is what it sounds like to me. here's part of the text. "It is said that the House of Representatives yesterday approved the government reforms, and other parliamentary direct legislation laws that the Constitution text on the necessity of legislation and to overcome what stands in general this legislation mechanisms and notably oil and gas law included, the political parties law, the Federal Supreme Court Law, the Law of Treaties, Law the Federation Council, the amnesty law and the laws of national reconciliation, including the National Guard Law"
8-14-2015 Newshound Guru Adam Montana [How does the new Iraqi credit rating help with the possible RV?] It doesn't necessarily help them to RV, but with that in progress it will do a lot of good for their economy and ability to move forward...especially after they RV.
8-14-2015 Newshound Guru firefly Iraq is HOT, and I'm not talking weather either! I don't think Iraq can wait much longer personally. They either do or they are going to be in world of hurt! I love the fact that Abadi is able to amend certain parts of the constitution now with the help of American experts...HUGE! I honestly don't see this going much further down the road. The pressure for completion is ON.
8-14-2015 Newshound Guru Millionday THEY STATED...THAT THEY VOTED IN ALL IMPORTANT LAWS... [So in other words we need to see the NR [National Reconciliation] meeting b/4 the revaluation of the dinar?] THE NR WILL BE IN BAGHDAD AND INCLUDE MANY WORLD LEADERS AND REGIONAL -- A SIGNING CEREMONY AND HUGE PARTY IT APPEARS...NOTHING SAYS THE NR WILL HOLD UP ANY CBI MOVES AND THE REFORMS ARE LAW --- SO NOT ACCORDING TO WHAT I HAVE SEEN IN INK. [do you think the reconciliation being completed and RV could happen at the same time?] IMO IT COULD HAPPEN AT ANYTIME...I JUST DON'T KNOW WHEN.
8-13-2015 Intel Guru Mnt Goat Reforms, reforms and more reforms. We see them in the banking sector, security sector, economic sector, area of reconciliation, inter-governmental and international trade (tariffs and customs), etc. Soon they will have to also complete the CURRENCY reforms we have long been waiting for very soon. It’s all coming to an end shortly. Be patient and give them time. Abadi has built up enough incredible confidence enough that they can now rid themselves of Maliki and his goons. Once he is gone they can move very quickly to where they need to go.
8-13-2015 Newshound Guru Millionday THE REFORMS BEING PASSED IS GOING TO OBVIOUSLY SUPPORT THE PRIVATE SECTOR AND ECONOMIC REALITY. ...REFORMS CAME WITH IMPLEMENTATION OF GOV PROGRAMS AS WELL...THEY EXPECT THE REFORMS TO ADVANCE THE ECONOMY...THEY NEED ALL LAWS FACED TODAY AND TOMORROW TO EXPEDITE THE MARKET ECONOMY AND THE REFORMS COMPLETELY.
8-13-2015 Newshound Guru wmawhite ...you ought to know the reason why PM Abadi is making all of these changes which is primarily cleaning up the corruption. And why is he doing this? Because unless he does the rest of the world will NOT do business with Iraq. If the world will not do business in Iraq then it doesn't matter what value Iraq put on its currency, it will still not be worth anything. So, you ought to feel very good why PM Abadi is making these changes, it is because Iraq is getting ready to introduce the IQD to the world currency markets.
8-13-2015 Newshound Guru Adam Montana [Months ago Abadi told the world to "hang on" as the value of the dinar would change by June 2015...what happened?] I don't recall Abadi stating that date, but regardless... they aren't going to give us an exact date for a major RV. That will happen when it happens.
8-13-2015 Intel Guru Mnt Goat Going back in time I also want to remind you that about 6 months ago Abadi asked Dr Shabibi to return to the CBI. However Dr Shabibi gave him a list of requirement in order for him to come back. One condition was for him to be reinstated “officially” and with a public announcement. The second was that he wanted it clear that there would be no more interference by the finance ministry in the duties of the CBI. In other words a clear separation of duties. The third was that he required all his former staff to be exonerated of all crimes. Abadi does not like proxy positions. But in order to seat his government in time a year ago he had to use a couple proxy positions... I believe he is going to clean house in the finance ministry and the Central Bank of Iraq (CBI) next. Remember he was the former deputy finance minister so he knows very well what is going on in these areas. He knows the necessity of increasing the value of the currency and he knows why it has been stalled. But it not all about the currency. It is all about creating an overall political environment where Iraq can prosper. Currency reform is just a byproduct. So what is the main proxy position now being held in the CBI? Enough said… [post 2 of 2]
8-13-2015 Intel Guru Mnt Goat Over the weekend Abadi came out with some sweeping reforms...the most sweeping reforms...the elimination of the 3 Vice presidencies and their 3 deputy positions. Not only is Iraq saving expenditures but strategically Abadi has set the stage for the next move... There would have to be a constitutional change in order to allow this to happen since these positions are mandated by it. This vote took place on Tuesday and it passed. I believe they are moving towards the “official” appointment of Ayad Allawi as head of the Federation Council and the final demise of Nori al-Maliki since he lost his immunity in this recent move. ALL politicians are no longer sanctioned by immunity and will suffer the full brunt of consequences for any corruption. Maliki and his goons had to be neutralized for any RV to happen. We were told this week there would be yet another set of reforms sent to parliament for a vote on Thursday. I believe this second set of reforms are the laws to complete the Reconciliation Reforms we have been waiting for so long. They will be presenting them to parliament again as a “package” of laws to vote on. Remember we are in mid month August already, the end of 1 year term for Abadi. He had to have all the reconciliation efforts completed in this timeframe. So I do not believe it will take much longer to see this second package of reforms. [post 1 of 2....stay tuned]
8-13-2015 Newshound Guru Millionday Article quote: "Chancellor confirmed head of the House of Representatives for national reconciliation and unity Jumaili, Wednesday, that the Parliament has fulfilled its obligations with the consent of government, parliamentary and papers on government reform and implementation." IT HAS BEEN CONFIRMED FOR THEIR NATIONAL RECONCILIATION----THAT PARLIAMENT HAS APPROVED THROUGH VOTE -- THE REFORMS AND THEIR IMPLEMENTATION... THE REFORMS PACKAGE AND THE PARLIAMENT REFORMS HAVE BOTH BEEN PASSED. [Was the HCL included in these Reform and Parliament Packages?] ...WE HAVE NOT SEEN INK STATING THE HCL IS DONE YET.
8-13-2015 Newshound Guru Chattels Iraq is poised for a new era! We shall see what such means for our dreams of currency value increase. I HOPE THAT OUR DREAM OF AN INCREASE IN THE VALUE OF THEIR CURRENCY IS A PART OF THAT NEW IRAQ...AND SOONER RATHER THAN LATER.
8-13-2015 Intel Guru Mnt Goat Here now we finally see the wrenching up of the final stages of these reforms as Iraq cleans up the corrupted officials and the unnecessary positions from the inter-governmental ranks. We are also seeing the wrenching up the beginning of the end of the Maliki and his goons...over the last year Abadi has left the people to decide what they want and these recent protests and telling the government what they want. Why is this important? It is important because Abadi would never have had this kind of support in parliament to quickly implement the extent of the reforms he recently proposed without this pressure from the citizens. This is all very good for us and I am now telling you we can expect the CURRENCY reforms and other reforms coming soon.
8-13-2015 Newshound Guru Chattels [...is M [Maliki] in or out?] he is out as far as Abadi is concerned, but I do not think that it is over yet...maybe going, going, but not gone yet is the best description of his current status. Maliki is being referred to as a "former official". [there saying Abadi giving orders for Maliki to evacuate the palace he was living in.] there is news that former officials are not welcome in the parliament as well.
8-13-2015 Newshound Guru Adam Montana [What do you make of them postponing the implementation of the tariffs at the last minute...?] I am fine with it. They need to revalue the currency, kick up their economy, and then impose tariffs.
8-13-2015 Newshound Guru Millionday [It just seems that there is a lot of forward motion from all different avenues and all leading to the same answer = an RV.] I DONT KNOW WHEN -- NO DATE OR RATE BUT I AM EXCITED OVER ALL THE PROGRESS AND SEE THIS SHOWING THEIR REFORMS -- WHICH IS HUGE. LET ME SAY THIS...THE BANKING REFORM AND ALSO THE ECONOMIC PROGRAM PLANNING ETC -- HAS ...ASSIGNED ROLES TO BANKS WITHIN IRAQ...THERE MAY BE NEWS THAT COMES OUT IN THE FUTURE THAT SOME WILL BE CONFUSED BY -- BUT DONT LET IT CONFUSE YOU BECAUSE -- OIL IS SOLD IN US DOLLAR SO, WE SHOULD STILL SEE REFLECTION OF THE US DOLLAR FOR OIL TRADE ETC --- HOWEVER --- ALL BANKS CANNOT TRADE IN US DOLLAR -- IT WILL NOT HIT THE STREETS OR STORES ETC. [post 2 of 2]
8-13-2015 Newshound Guru Millionday ALL BANKS ARE NOW TO ONLY TRADE IN DINARS AND THE US DOLLAR TRADE IS SUSPENDED IN IRAQ. THIS MEANS FOR IRAQ THAT ALL PRICING AND USE WITHIN THE COUNTRY WILL BE IN DINAR SO THIS TELLS US THAT THEY HAVE REGAINED CONFIDENCE IN THE DINAR AND THEIR ECONOMIC SYSTEM WITHIN THE REFORMS...HUGE PROGRESS. PRICING ALL IN DINARS LETS US KNOW THAT THE GOAL OF A MARKET ECONOMY WOULD REQUIRE THE PRICE OF THE DINAR THROUGH INTERNATIONAL EQUATION...AS IN ALL GLOBAL ECONOMICS. [post 1 of 2....stay tuned]
8-13-2015 Intel Guru Frank26 In Our Opinion...and mind you there is no desire here to pose a date of any kind...understand that When a rate is finally given...what may be seen is a period of time when brokers will stop selling their currency for a period of time...what kind of time period...no one can really say...it could be dictated by different parameters they are given at that time... special instructions if you will...Maybe as short as a few minutes or an hour up to a day or more...this will be their time to make changes in their web sites and purchase plans to accommodate the new rate. We believe this may be determined to some degree by the amount of currency that has been returned to Iraq at that time, and we know from news articles that money is finding its way back to their banks...the reforms are already at work and money that left under corrupt circumstances is being identified and returned...thinking about this...it is a logical situation that we may or may not notice happening depending on how quickly it is allowed to happen.
8-13-2015 Newshound Guru Aggiedad77 08-10-2015...there was an abundance of news from Iraq ...about the COM meeting that is to happen ...Thursday. They mentioned it would contain some "sudden and important" information...to me that is key...and it would be really special to many people, us included, if some of this information would include their plans for things like the HCL, the Investment Law, the National Guard Law...anything they have been dragging their feet on...some of these have been delayed for a number of years. I also tied this to the announcement that Speaker of Parliament Jubouri made earlier in the day that Parliament is going to be refocusing on getting laws passed...they would read a law...then Parliament would only have 14 days to get the second reading accomplished, followed by only a max of 14 days to get to a vote on a law...their version of "fast tracking". IMO...tomorrow [Thursday] should shed much light on the near term direction of things for the overall government I think.
8-12-2015 **** Dinar Guru News Flash **** Yesterday afternoon: The New York Times has reported the Iraqi Parliament unanimously passed Abadi's ground breaking and far reaching reforms! This is expected to have a MONUMENTAL impact on the country. Stay tuned as guru updates flood in about how and if this will have a direct or indirect impact on the Iraqi Dinar...the latest guru updates will continue below...
8-12-2015 Newshound Guru Kaperoni I fear that Allaq gets removed and we start over with a new CBI Gov and that means another setback and waiting game. Sure I would like to see him go, but everytime they replace the gov, it means status quo for at least a year.
8-12-2015 Newshound Guru Adam Montana [What do you think prompted Abadi to take such quick action in the bigger scheme of things?] It's my HOPE that Abadi is getting back into "grind mode", like he was in the beginning of his term. If you recall how much he accomplished right out the gate after his election, this recent uptick in activity may be an indicator that he's making big moves again. What he's doing right now is a great start - get rid of some unnecessary people, simplify the government, and slam that HCL in place. Let's get it done!
8-12-2015 Newshound Guru sczin11 IRAQ IS GOING THROUGH THE MAJOR ER [ECONOMIC REFORM] AND MR [MONETARY REFORM] THAT ABADI HAS PROMISED THE PEOPLE WOULD TAKE PLACE. I BELIEVE HE WAS EXPECTING ALL THIS TO BEGIN BACK IN JUNE...ESPECIALLY AFTER MAKING NUMEROUS ANNOUNCEMENTS REGARDING SAME...AND DONT FORGET ABADI SPEECH TO THE WORLD, BACK IN JANUARY FROM DAVOS... "IRAQ IS OPEN FOR BUSINESS". WE ARE EXPERIENCING HISTORIC WORLD EVENTS, RIGHT HERE IN IRAQ...WE ARE SEEING AN ENTIRE NATION, WAKE UP TO THE REALITY OF TODAY...NO MORE BEHIND THE TIMES...NO MORE LAGGING WITH CURRENT DAYS TECHNOLOGIES AND INTERNATIONAL PROTOCOLS...ALL THESE ISSUES HAVE BEEN METICULOUSLY WORKED ON AND ARE NOW BEING IMPLEMENTED, AND ACTIVATED...AND WHEN ALL IS SAID AND DONE, IRAQ WILL EMERGE AS THE POWER HOUSE OF THE MIDDLE EAST...
8-12-2015 Newshound/Intel Guru BGG [...you cannot arbitrarly create an exchange rate...dont work that way. Saddam tried that...] technically - Saddam didn't...the USD went the wrong way and he refused to go with a different rate internally for the IQD.
8-12-2015 Newshound Guru sczin11 AFTER READING THE PRINT, AND THE OPINIONS IN THE LAST 24 HOURS, I FELT THE NECESSITY TO OPINE. THE IRAQI DINAR IS A CURRENCY, BEING USED TODAY, IN IRAQ, AND SOON TO BE ACCEPTED GLOBALLY...IT IS LEGAL TENDER... IT IS NOT MONOPOLY MONEY...THE NEWLY PRINTED AND DESIGNED CURRENCY, THAT STARTED TO BE RELEASED, MID LAST YEAR, IS CONSIDERED ONE OF THE MOST SECURE IN THE WORLD, IF NOT THE MOST SECURE...THERE IS NO SUCH THING AS A CURRENCY IN COUNTRY ONLY, WITH AN ALTERNATIVE CURRENCY FOR OUTSIDE...WHO DOES THAT MAKE SENSE TO?
8-12-2015 Newshound Guru Adam Montana This week I'm in the same boat as last week... no HCL, no RV. We all know this can't continue forever... One thing to watch for this week is China. While this isn't directly related to the Dinar, it's a good example of how an independent bank or country can do whatever they want to their currency. China has a long history of manipulating the markets via their Bank, and it will be interesting to see how their recent actions play out. Time will tell.
8-12-2015 Newshound Guru My Ladies THESE GLOBAL PAPERS [NEW YORK TIMES, REUTERS, RUSSIA TODAY, SKY NEWS, QABAS, BLOOMBERG, ETC.] ARE TALKING ABOUT SISTANI GIVING IMMUNITY TO ABADI AND BACKING HIM PUBLICLY WITH ALL THESE REFORMS. SISTANI TELLING ABADI THE TIME IS NOW TO GIVE THE PEOPLE WHAT THEY WANT AND ALONG THE WAY RID THE CORRUPTION OF THE GOVERNMENT. IT GOES TO SHOW MORE AND MORE THAT IRAQ KNEW WHAT NEEDED TO BE DONE BUT WAS JUST SITTING AND WAITING FOR THE GO AHEAD. SISTANI GAVE THE HEAD NOD AND THINGS ARE ON THE FAST TRACK AGAIN.
8-12-2015 Newshound Guru Kaperoni [they are suffering over there and need this so very badly.] ...maybe so..but you cannot arbitrarly create an exchange rate...dont work that way.
8-12-2015 Newshound Guru Aggiedad77 Maliki and a former "acting governor of the CBI" could be named in a money-laundering and corruption scheme...the Integrity Commission is investigating these allegations and will be most assuredly prosecuting any and all who are believed to have been involved in the process...Keep in mind that the "former acting governor" that was mentioned was the one that Maliki personally chose after he tried to can Dr. S [Shabibi] ...yes eye brows were raised then because of his personal involvement in the appointment.....Maliki's brand of corruption knows no boundary....high or low.
8-12-2015 Newshound Guru Kaperoni the key to Abadi reforms IMO is that laws will finally get passed...we should see many laws passed over the next few months...hopefully a basket.
8-12-2015 Newshound Guru wmawhite How great everything is for us. We simply do not know what that one events is or events or that will have the CBI trigger the mechanism that will turn the IQD on to the world. However, we see the numerous indicators that tells us that they clearly intend to do such. [I believe that they want to go back to the pre-war rate.] I agree...they (CBI/GOI) have told the world that is their intent. Keep in mind, that Iraq is rejoining the world economic community...thay are not joining themselves. They need to meet others requirements. They can not make up their own requirements. [I just don't see how they can implement the Tariffs again without a rate though.] True...the tariffs is one of those indicators that point to purchasing power...the need for it. There are the tariffs, and taxes, international bonds sold on the retail market that require a free moving currency...all are indicators. IMO, Iraq is preparing for something that will permit them to move the IQD onto the world economic stage. When this event is ready they need the tarifs ready, the taxes ready and the bonds ready to go.
8-12-2015 Newshound Guru My Ladies THE FIRST PACKAGE OF REFORMS PASSED IN PARLIAMENT UNANIMOUSLY...AND THERE ARE MORE REFORMS COMING TOO. Article quote: "Prime Minister Haider al-Abadi welcomed the approval of the House of Representatives on the first package of government and parliamentary reforms, "vowing to" continue on this road." SO THE REGULAR CABINET MEETING IS USUALLY ON TUESDAYS BUT THIS WEEK THE CABINET POSTPONED THEIR MEETING UNTIL THURSDAY TO SEE WHAT THE OUTCOME OF THE FIRST PACKAGE OF REFORMS WAS GOING TO BE. NOW THEY CAN CONTINUE ON WITH THE REFORMS AND INTRODUCE THE NEXT PACKAGE. SO IT WOULD SEEM IRAQ IS BACK ON THE FAST TRACK OF GETTING THINGS DONE.
8-12-2015 Newshound Guru Millionday THE NEWS IS FANTASTIC TODAY AND IRAQ IS PROGRESSING IN ALL AREAS. WORLD NEWS ALL OVER THE GLOBE ANNOUNCED THAT IRAQ HAS VOTED THIS MORNING [TUESDAY] ALL FOR ONE AND ONE FOR ALL -- ON ALL REFORM ACTIVATION AND THE LAWS OF CORRUPTION AND ALL THAT ABADI ANNOUNCED AS HIS WISH YESTERDAY...THEY VOTED YES AND IT WILL BE PRINTED AS LAW...HUGE PROGRESS WITH LEAPS AND BOUNDS. THEY ARE SAYING THAT EVERYTHING NEEDS TO BE DONE AT THE SAME TIME --- THE GOVERNMENT PROGRAMS SHOWS HOW TO INTEGRATE THE REFORMS FOR UNIFICATION FOR THE TRANSITION TO THE OPEN MARKET --- (GLOBAL). WOW... REFORMS WENT THROUGH AFTER ALL THESE YEARS... FINALLY -- WOW. 8-11-2015 Intel/Newshound Guru Poppy3 MALIKI STILL UNDER CLOSE OBSERVATION BY INTERPOL SERVICE AND THEY WILL PICK HIM UP IMMEDIATELY WHEN ORDERED TO DO SO ANYWHERE IN THE WORLD HE TRAVELS. INTERNATIONAL CRIMINAL COURTS STILL BUILDING A MASSIVE CASE AGAINST HIM. PLUS MANY OF HIS CROWNIES. EVEN THOUGH THEY HAVE TONS OF EVIDENCE THEY ARE STILL LEAVING NO STONE UNTURNED.
8-11-2015 Newshound Guru Aggiedad77 Article quote: "Council of Ministers announced on Tuesday that the meeting next Thursday will vote on the sudden and important decisions." "SUDDEN AND IMPORTANT DECISIONS" ...sounds like the COM went ahead and met today...maybe after they heard what happened in Parliament today...and they still plan on a meeting on Thursday...a meeting to be held to make "SUDDEN AND IMPORTANT DECISIONS". Perhaps the list from COM on Thursday brings forth the necessary mechanism for Article 8 compliance even... Thursday...just a scant 48 hours away...what oh what can be forthcoming during this COM meeting...indeed...the BEST is yet to come...wait for it.
8-11-2015 Intel Guru Bluwolf Much positive news coming out of Iraq, people have been displaced, separated and arrested...The final cleanup on aisle 5 is in full throttle. All borders for dinar export are most definitely closed. All broker or dealers have been informed to stop the movement of sales. All TRN are officially golden standard. We are now anxious awaiting this final phone call. It all squares down to this part of the ride. It is finally on the US best interest to give the signal on this impending GCR and 204 Country Revaluation. The hyperinflation speech is well past due and must be announced shortly without further ado...These are my views on our current situation here and abroad. Please have all your paperwork ready for we await a high government official signal and that is in that happening
8-11-2015 Intel/Newshound Guru tman23 [How on earth, can a non-tradeable currency be tracked on Forex and also be traded?] What does the exchange rate show on the CBI site...That is the official rate...and it will fluctuate right along with the forex IF and WHEN the IQD is being traded on the forex. [You can always see the Official CBI rate in the Dinar Guru Resource Bar on the left of this page]
8-11-2015 Intel Guru Delta [via FrostyTheSnowman] We are about to see the dinar go international – and we don’t want to see corruption in the currency. Whatever numbers come in will help the GOI, CBI, the banks, the budget, etc. I think Abadi knew about this a long time ago. He was waiting to get the full support. So why is Maliki not in prison? Because we are waiting for the reform and then you’ll see that happen. I am so excited about what we are seeing right now. I believe we are super, super close. Confidence with investors will continue to increase. The citizens cannot take it anymore and Abadi knows it. He really cares about his own people. It’s amazing. Everyone is waiting in line for one thing and Abadi knows that too. The people want to make a good living, they want good jobs. How can Abadi do that without currency reform? He can’t. We are on the verge of something big coming up.
8-11-2015 Intel Guru Frank26 During the last 4-5 days...the “displaced” funds...all funds that were embezzled...the funds are coming back to Iraq. All that was stolen is pouring back into the banks into Iraq. It is the start of the RI ...that is what we are focusing on. Abadi wants to work for the people...All of the “issues” that have plagued Iraq don’t matter anymore – it’s time for the people...time for the citizens. So the IMF told them to get rid of Alak (the acting Governor of the CBI). There is a massive round-up of corruption...that is what is needed to raise the value of the currency. Iraq has big assets and they must come out as an RI and then into an RV. [post 2 of 2]
8-11-2015 Intel Guru Frank26 [via FrostyTheSnowman] Last week we talked about the BONDS – phase 1 and phase 2. Those BONDS were a “test-run”. Finch released its credit rating for Iraq which was a "B-" and Jabouri was not excited about this because he was expecting an “A” but because Iraq hasn’t completed Article 8 (which they had the Green-Light to do)... this was a warning shot to Iraq. Until Dr. Shabibi lifts the currency of Iraq there is a BLOCKAGE at the CBI. So they held a meeting... In the meeting (last Saturday)...the IMF said to the CBI (basically Dr. Shabibi) “...you should have qualified for Article 8 by now...?” With that said we’re going to start a massive round-up of corruption (which has started...) All corrupt officials have been dealt with. Maliki tried to flee Iraq but he was stopped. All of his cars, money... everything is now in possession of the GOI and the GOI’s laws. SECURITY kills corruption! [post 1 of 2....stay tuned]
8-11-2015 Newshound/Intel Guru BGG [is it safe to assume that after this big shakeup in the goi that there will be a cool down period where not much gets done.] not according to Zebari and everyone else - this thing is just now getting wound up!!
8-11-2015 Newshound Guru Millionday PARLIAMENT IS EXPECTED TO MEET TO VOTE IN ALL ABADI HAS STATED TODAY TO ACTIVATE ALL REFORMS --CORRUPTION LAWS -- ECONOMIC REFORMS AND ALL SERVICES. TOMORROW [TUESDAY] WE SHOULD START TO SEE SOME CHANGES TO REACH THESE STEPS IN THIS CRISIS SOLVING MOVE... THE PRIVATE SECTOR LOANS ACTIVATION WILL NOT HELP MUCH WITH THE AMOUNT AGREED ON UNLESS IT COMES WITH THE ECONOMIC PROGRAM AND PLAN IS ACTIVATED TOO. INTERNATIONAL NEWS ANNOUNCED THAT TOMORROW [TUESDAY] IRAQ WILL BE MAKING ANNOUNCEMENTS TO CITIZENS/INVESTORS AND THE EMERGENCY MEETING TO MAKE THE REFORMS HAPPEN IS ON TUESDAY IN PARLIAMENT TO BE VOTED THROUGH.
8-11-2015 Newshound Guru Kaperoni ...opening the banking system to the world is clearly what international organizations (IMF/WB) are helping Iraq with. And surely, those decisions are discreet. Sounds to me Abadi is going to allow the process to move forward. Hopefully very soon!
8-11-2015 Newshound Guru Aggiedad77 Article: "Abadi confirms that there are other packages of reforms at the same level" Get ready citizens of Iraq...there are more reforms being worked at this moment...more reforms than just the sacking of certain government officials who may have been caught in the corruption roundup...reforms that will bring an end to terrorist threats... reforms that will ensure more jobs and improvements in living conditions...watch for these efforts at the same time the government is undergoing its huge reform as well.
8-11-2015 Newshound/Intel Guru BGG Article quote: "Revealed reliable sources from within the Baghdad International Airport that Nuri al-Maliki tried to leave Iraq to Syria on a private jet in secret..." MALIKI IS TRYING TO LEAVE IRAQ TO SYRIA IN SECRET. Looks like Maliki is "refusing" to step down...he's toast...things are very hot on the homefront for Maliki. ...him "refusing to step down" (IMO) will only speed his demise. why is all of this important? Maliki being dealt with directly and completely opens the door wide for all kinds of reform - Monetary Reform being at the very top of the list.
8-10-2015 Newshound Guru Aggiedad77 Corruption is being given a swift kick in the butt and security is being locked in for all practical purposes...Maliki tried to test the border and airport security and was caught at the Baghdad Airport as he tried to leave...wait he admitted he was only meeting President Masum...guess his driver took a wrong turn as they left the Green Zone...Oh I could so easily go on and on about all the good that is coming from the actions that Abadi decreed over the weekend. For anyone in the government who might be thought of as remotely tied to anything to do with corruption PM Abadi has brought the hammer down on their ability to travel...oh indeed their wings have been clipped... [post 2 of 2]
8-10-2015 Newshound Guru Aggiedad77 The news the past 24 to 48 hours has been fire-brand hot so to speak...so much about reformatting the government... doing away with key positions which include the three VP's and three Deputy PM's and a host of other high level positions...The elimination of some ministries or combining of ministries to stream line some operations...PM Abadi is definitely being courageous and bold all at once, and he's not waiting long for what others might think of his actions...many in key positions of Parliament and with political blocs are verbalizing their agreement with his actions...So any "vote" that might need to be forthcoming from Parliament over his actions seem to be a foregone conclusion that he will find the necessary support. [post 1 of 2....stay tuned]
8-10-2015 Newshound Guru tlm724 If Abadi's gamble pays off, the 9th of August 2015 may in hindsight be remembered as a momentous day in Iraq's history, to outweigh the eventful regime change of the 9th of April 2003...indeed we are watching a historical event unfold! ...in a bid to end the sectarian quota-system, marks a potential watershed in Iraq's political history and its future. I am loving this plan, a moment in time when everything changes! ...if the MP's fight this reform it will be political suicide! They will essentially point the corruption finger at themselves! ...in other words if you have nothing to hide then you should support this plan fully! ...I pray parliament does the right thing here and I really do think they will! Sure we have seen green lights and on some days we have had our hopes crushed BUT this is truly the turning point for Iraq and for us as investors in their country. With a thriving economy comes a more valued dinar, it is the law of economics! [post 2 of 2]
8-10-2015 Newshound Guru tlm724 It seems that the 12 years crescendo of politicization, sectarianism and mismanagement has finally reached its climax. The mid boiling temperature of Iraq's sweltering summer and daily terrorist attacks did not stop the masses from coming out and saying enough is enough...the Iraqi people have called upon Prime Minister Haider al-Abadi to dissolve parliament, hunt down corrupted politicians and deliver public services. The peoples' call upon Abadi to implement radical reform, backed with Grand Ayatollah Sistani's absolute support for the PM...the supeme religious leader gave his blessing to Abadi! Never before has that be done! If Abadi succeeds in his mission-impossible, he could go down in history as the Nelson Mandela of Iraq. If he succeeds will depend on parliament and we cannot expect this to go absolutely perfectly, expect their to be fighting within BUT I truly believe this will pass in the end! [post 1 of 2....stay tuned]
8-10-2015 Newshound Guru Kaperoni Article: "Finance Committee has confirmed that it has received several complaints by citizens and some traders that there was fraud to local currency." Quote: "BAGHDAD / Obelisk: detecting a number of experts and specialists in the financial and economic affairs for the emergence editions forged the category of 25 000 dinars on the market do not contain the security code (the horse)..." Most of us have 25k notes. This is a good reason to check our notes to make sure we have the horse head.
8-10-2015 Newshound Guru BGG It was my take - they were expecting a better rating than b- and some interest in their bond offering... "blew up in their face" meaning - that plan alone won't save their bacon...no matter what the rating - at this point, I foresee a "tepid" response to their bond offering (at best!!)...I am very curious to see how this next set of events unfolds... this is a very interesting turn of events.
8-10-2015 Newshound Guru Breitling The Iraqi Journal has talked about how they got the note count down to 6 billion and then 4 billion and their goal is to get to a billion…so you have to know these things to know where the value is going to be gained in the dinar...What's one of the proofs? …Liquidity is drying up…There are things to watch, liquidity. There are 'tells' of something coming down the road and you are seeing it. Instead of being paranoid and scared you should be…very very happy and can't believe it's actually coming down the road after all these years. the signals and signs are liquidity.
8-10-2015 Newshound Guru Millionday ABADI IS MAKING CHANGES IN POSITIONS TO NOT ONLY REDUCE COST BUT CORRUPTION TOO... MINIMIZING GOVERNMENT PAY AND POSITIONS... HUGE PROGRESS AND HOPE FOR THE CITIZENS FOR THE NEW IRAQ.
8-10-2015 Newshound Guru Kaperoni Article quote: "Roudao - Arbil, the voice of the Iraqi Council of Ministers unanimously, during the special meeting held on Sunday, the first package of reforms presented by the Prime Minister Haider al-Abadi." This article describes the reforms Abadi has planned. Though promising and a very big step in the right direction we must refrain from being overly excited because nothing happens fast in Iraq. As well, these recent decisions are not a trigger for some mythical RV...What it will do is begin to create a "climate" that eventually will lead the gradual rise in the dinar as the economy grows and investors/investment comes into Iraq.
8-10-2015 Newshound Guru OOTW Article quote: "...al-Abadi has announced sweeping political reforms eliminating several high-ranking posts including vice-president and deputy prime minister." PERHAPS I AM BEING OVER OPTIMISTIC, BUT...ABADI HAS CONSISTENTLY COME OUT IN SUPPORT OF ALL SECTS...I KNOW HE'S ALIGNED THE NATIONAL ALLIANCE, BUT...HE HAS GIVEN HIS WORD TO THE INTERNATIONAL COMMUNITY INCLUDING INVESTORS...IE COUNTRIES THAT THESE ISSUES WILL BE ADDRESS. IRAQ IS RESPONSIBLE TO INVESTORS. NO ONE IS GOING TO BUY THE BONDS WITH THIS TYPE OF CORRUPTION GOING WITHOUT BEING ADDRESSED. THEY KNEW THIS WAS COMING THIS IS WHY THE TARIFFS WERE SUSPENDED. ...I HAVE BEEN WATCHING FOR THESE EXACT ACTIONS, IN ONE FORM OR ANOTHER, FOR YEARS FOR ME, THIS IS A HUGE DAY.
8-10-2015 Intel/Newshound Guru tman23 Speaker Yousif Mohammed of the KRG Parliament legally can and most likely will take over Barzani's duties after August 20th for 2 months until a NEW President can be elected... This appears to be more timing that coincides with the removal of Maliki etc... The problem in Iraq has been at the top...and the musical chairs game...same players making the same troubled arguments without positive outcomes... Recall that Maliki wanted a third term because Barzani was getting a third term... They both will be out of the political picture...Barzani will be a force in Kurdistan behind the scenes, Maliki on the other hand has been delivered his political bankrupt papers... AND since my last update on consulates in Kurdistan 3 weeks ago of 27...There are now 33 that are official... RV or no RV...foreign countries are setting up for business relations...it certainly isn't for tourism.
8-10-2015 Newshound Guru Arthur SO WHATEVER THESE DISCREET "SECRET" NEW FINANCIAL STRATEGIES ARE THEY HAVE BEEN ACHIEVED WITH HELP FROM THE WB/IMF/UN/PTB. This and all of these reforms are with the complete cooperation of the Kurds, the proven to be supremely influential religious authority, and all ministries and does not have to be voted on by Parliament. So whatever this is, and it doesn't take a rocket scientist to figure this out, it is not just being called for but about to be implemented immediately. [post 2 of 2]
8-10-2015 Newshound Guru Arthur ALTHOUGH ABOLISHING THE VP POSITION WHICH EFFECTIVELY SHOWS MALIKI THE DOOR IS HUGE, OUT OF ALL THE ABADI REFORMS THIS IS THE ONE THAT CAUGHT MY EYE AS FAR AS US IS CONCERNED: NOW KEEP IN MIND THIS REFORM IS UNDER THE HEADING OF "FINANCIAL": 3. activation strategies discreet work prepared by State institutions, including in particular what has been achieved in cooperation with international organizations. activation strategies discreet work prepared by State institutions... SO THEY ARE GONNA ACTIVATE SOME NEW FINANCIAL STRATEGIES THAT HAVE BEEN DONE DISCRETELY OR "SECRETLY"...AND including in particular what has been achieved in cooperation with international organizations. [post 1 of 2....stay tuned]
8-10-2015 Newshound Guru Enorrste Article: "Iraq PM Proposes Abolishing Vice Presidencies in Reform Push" If this works it will be a very smart play on Abadi's part. The fly in the ointment is that he needs both his own ministries approval as well as Parliament's approval to move forward. His argument, however, is excellent: it will both save money in the government that can go for needed services, but will also eliminate a number of positions which are clearly corrupt in the government. From the articles it appears that more than just 3 vice presidencies are being eliminated. He would move some other governmental positions away from the parties who now control them through patronage, reduce personal body guards, and, presumably, make other changes that could streamline the government significantly. The question of the day: how will Maliki respond to this?
8-9-2015 Intel Guru Frank26 ...you see no ratings from Moody nor Standards & Poors...Why? These agencies 100% of the time release their ratings in unison – that’s how the rating system works. The B- was a warning shot to bring security into Iraq. They need to RI – it’s as simple as that. But...know that they can RI at 1166. But...based on what we are seeing, it would be insane to consider such action and since the removal of Hussein, security has now blossomed in Iraq and we pray that the monetary reform of the IQD will soon blossom too.
8-9-2015 Newshound Guru Breitling You don't even need to listen to them you don't even need to be curious. You'll know when it's time to EXCHANGE your currency…NOT "cash in" but exchange your currency. Where is the Iraqi government going to come up with all these dollars to "cash in" all these Iraqi dinars? It's not a "cash in" it's an exchange. It's an equivalent value exchanged for the equivalent value. Not only that it's not going to be cash. Most of it's going to be going into your bank account as credit. It's always worked this way. [Post 2 of 2]
8-9-2015 Newshound Guru OOTW ...THE TARIFFS HAVE BEEN SUSPENDED BECAUSE "CORRUPTION" WAS TOO RAMPANT... NOW IT SEEMS THEY'RE GOING TO ASSERTIVELY GO AFTER CORRUPTION... ADDRESS CORRUPTION RE INSTALL THE TARIFFS.
8-9-2015 Newshound Guru Chattels Article quote: "the need for the House of works MPs and ministers to support Prime Minister al-Abadi by voting on the latest decisions... " Maliki is not gone. The Parliament must act and vote by a two-thirds majority to accomplish the abolishment of the constitutional offices of vice president(s) and deputy prime minister (s).
8-9-2015 Newshound Guru Millionday Article quote: "...al-Abadi said that the Cabinet will take the inter decisions to improve financial and political level and correct government action paths..." THE ANNOUNCEMENT BY ABADI IS TO MOVE FORWARD RIGHT AWAY IN REFORMS -- ALL TO IMPROVE THE FINANCIAL AND POLITICAL LEVEL. ABADI HAS BEEN ASKED BY THE RELIGIOUS AUTHORITY TO SHOW COURAGE WITH IN THE REFORMS AND MOVE FORWARD. ...MANY THINGS ARE GOING ON IN ALL SECTORS AND AVENUES ACCORDING TO NEWS.
8-9-2015 Newshound Guru My Ladies THE CABINET HAD A MEETING TO DAY IN AN EFFORT TO CALM DOWN THE DEMONSTRATIONS. ABADI LISTENED TO THE CONCERNS AND AS A RESULT HE IS TRIMMING THE FAT. RIGHT NOW HE IS CUTTING ADDITIONAL PROTECTIONS AND SPECIAL PROVISIONS FOR ALL STATE OFFICIALS AND THE THREE PRESIDENCIES MINISTERS AND PARLIAMENTARY MEMBERS. SO SORRY MALIKI HATERS THE ACTUAL POSITIONS NEED TO BE DISSOLVED THROUGH CHANGING THE CONSTITUTION BUT THE EXTRAS CAN BE REMOVED. HE CAN DISMISS HIS MINISTERS AND VICE MINISTERS BUT THAT’S AS FAR AS HE CAN GO. THE VICE PRESIDENTS REQUIRE TIME TO REMOVE AND IS OUT OF THE HANDS OF ABADI. THE SPENDING ON THEIR SECURITIES CAN BE CUT HOWEVER. ACCORDING TO THE CONSTITUTION …HE DOES NOT HAVE AUTHORITY IN THE FRONT OF THE HOUSE...EXCESSIVE SPENDING AND PRIVLEDGES HE CAN STOP...HE CAN NOT REWRITE THE CONSTITUTION.
8-9-2015 Newshound/Intel Guru BGG Article Quote: "The prime minister Haider al-Abadi had announced earlier in the day about the most important actions to be taken by the most important part of his reform plan to reduce ministries and cancel key positions of the Republic and the Vice-Minister." Maliki's VP position ELIMINATED!! ...he's OUT. [how can they eliminate a political position such as that?] he just did - and he's getting lots of support - Parliament leadership, Barzani (Kurds), Clerics, everyone jumped right out to support Abadi. My contention has always been once Maliki is gone - Alak will either grow a brain or be gone as well... [...do you think this will this prolong the RV...?] I don't think it slows anything down - it probably moves things forward.
8-9-2015 Newshound Guru tlm724 Huge news! First that there was a unanimous vote, that must be a first and second we are witnessing history being made! Prime Minister Abadi just sent out a statement about abolishing the posts of the 3 Vice Presidents, that would be Maliki, Allawi and Najafi! The corrupt are falling finally!
8-9-2015 Newshound Guru Breitling I really can't believe that there are people who have been listening to me all these years and saying "hey there's a the special group that are the only ones who can cash in!"…I mean come on guys it's very simple. they know the potential of what the dinar is going to be and they want it [your dinar] and they consider themselves smarter than you and they are going to try to scam you out of it [your dinar]. Just stay away. [Post 1 of 2 stay tuned for the rest of the story]
8-9-2015 Newshound Guru Kaperoni Article: "Cabinet voted unanimously to reform paper in the presence of 31 ministers" So it's official! Maliki is out. The CoM approved the changes in the government including the removal of Maliki! Wooohooo.
8-9-2015 Newshound Guru Millionday RIGHT NOW THE FIVE YEAR PLAN AND REFORMS ARE BEING ADDRESSED TO MOVE FORWARD GLOBALLY REPORTEDLY. SO THIS STEPS ACCORDING TO SALEH -- INCLUDES THE INTEREST RATES (DEFINED BY CREDIT RATINGS...) PURCHASING POWER. AND THE VALUE AS THIS WILL REQUIRE THE CALCULATION. [DO U FEEL THEY HAVE A RATE CALCULATED?] WE A HAD REPORT THAT DEMANDED THE INTERNATIONAL EQUATION BE DONE -- THIS WAS WEEKS AGO. [post 2 of 2]
8-9-2015 Newshound Guru Millionday Article quote: "He stressed Saleh, an economist known, the need for a "new working mechanism to keep the financial system in the country, and the establishment of banking institutions in accordance with the internationally accepted laws, in order to protect depositors and employees in the banking sector." SALEH ANNOUNCED TODAY THAT ALL ECONOMIC POLICIES/LAWS/AND REFORMS WILL BE ALL IN COMPLIANCE WITH INTERNATIONAL LAWS/REGULATIONS ETC... ALL INTERNATIONAL COMPLIANCE ALONG WITH CONSTITUTIONAL COMPLIANCE. [post 1 of 2....stay tuned]
8-9-2015 Newshound Guru Kaperoni Article: "Uniting directed its ministers and parliamentarians to support decisions Abadi reform" Abadi announced today that he is recommending the removal of a few positions as part of his reforms which include elimination of Maliki's VP position. A subsequent CoM meeting is taking place or just completed to confirm these changes. What I am hearing is Maliki is out of that position. What happens next..we wait and see.
8-9-2015 Newshound Guru firefly Well the credit rating is HUGE! They need to boost it from B- in my opinion but it's A START! Now how the heck can they boost it? We anxiously wait and watch. We are so close...Many things going on behind the scenes that is not in print nor will it ever be...IMO... [this weekend would be great or even next week. ] I'm not looking for it this weekend ...would be a pleasant surprise though. But I highly doubt it. Need to get through the sucker bonds 1st, IMO.
8-9-2015 Newshound/Intel Guru Bluedog "The Washington Post: ‘We've had enough’: Baghdad protests challenge Iraq's Abadi" IMO...I SEE THE PROTESTS AS A SET UP BY CLERICS AND A PORTION OF THE GOI...THESE WERE MEANT TO CLOUD THE ARENA...THEY ARE VERY PEACEFUL PROTESTERS...WHY NOW AND NOT 2 MONTHS AGO OR LAST YEAR...PROGRAMED...IMO WHILE EVERYONE READS NEWS OF THESE PROTESTER THEY LOSE THE FOCAL POINT OF WHAT IS REALLY HAPPENING. 8-8-2015 Intel/Newshound Guru tman23 Regarding time tables...It appears that October 1st is central to a host of world events including Iraq International Bond offering. I could give 5 major scheduled events off hand... I'm not saying a IQD RV is part of those changes, or removing the 3 zeros... There is no denying October as a world date...
8-8-2015 Newshound/Intel Guru BGG big news day yesterday ...Credit rating was big. It isn't nearly the rating Iraq was dreaming about...Get rid of the corruption - enough with the BS and get their country moving the world WILL RESPOND...also - it's making Abadi face the reality of his situation. I am really hopeful Abadi gets the gravity and moves things ahead.
8-8-2015 Intel Guru Frank26 "Bold proposal by Bahralolom: calls for abolishing quota, resignation of National Alliance ministers, Abadi picks cabinet & gets on w/ reform" Yes!!!...!!!...!!! Watch this...GOICBI = ONE. "...and get on with the reform." Yes...Both GOICBI are of one accord. To complete ... THE REFORM ... Of many things in Iraq. Winky Winky.
8-8-20215 Newshound Guru OOTW Article quote: "Fitch Ratings graded Iraq today as being at risk of default due to insecurity, financial difficulties and poor governance, in its first rating of the country." THE CURRENT CREDIT STATUS [B-]...IMPLIES THAT THEY'VE NOT BEEN ABLE TO REPAY THEIR LOANS ON TIME -- THEY'RE ON CREDIT PROBATION. TO ME, THIS SEEMS LIKE THE LOWEST RATING THEY CAN HAVE AND ALLOWS THEM TO JUST BARELY BE ABLE TO OFFER THEIR BONDS WITH ANY KIND STABILITY - ON THE EDGE OF UNSTABLE. PERHAPS THE ONLY WAY THEY'LL DRAW IN INVESTORS IS TO OFFER A HIGH YIELD BOND.
8-8-2015 Intel/Newshound Guru tman23 Investment law has arrived... End of the road was June... 30 days later and the country is unraveling...Me no think they can make another 30 days on speeches and promises.
8-8-2015 Intel/Newshound Guru Poppy3 ...MY SOURCE SAID...THEY HAVE THEIR LIST AND KNOW WHAT THEY MUST DO AND THEY HAVE FULL AGREEMENT AND WILL NOT STOP TILL IT IS ACHIEVED.
8-7-2015 Newshound Guru Aggiedad77 "Babylon celebrates the transfer of powers and their portfolios confirms that the project will happen quantum leap" Thursday celebrations in the province of Babylon mark the transfer of powers from some ministries to the local levels and make it appear encouraging that others are to follow as well...good news for the provinces and local governments as Baghdad makes these moves to show support for their abilities to carry forward with work that was formerly reserved only at the state level...good signs of things to come that are positive and proactive from this government.
8-8-2015 Newshound Guru OOTW I'VE BEEN ROLLING AROUND THE CESSATION OF THE TARIFFS... I CAN SEE HOW THE STATEMENTS FROM THE PM AND KEYWORDS ONLY LEND AT LEAST SOMEWHAT MORE CREDENCE TO THE FACT THAT THEY DO INTEND TO INCREASE THE VALUE OF THE DINAR AND ARE ONLY/SIMPLY BEING MORE CAUTIOUS IN THEIR APPROACH. AND I CAN ONLY SEE THAT THIS WOULD END UP LENDING MORE STABILITY TO THEIR MONETARY POLICY WHEN THEY DO DECIDE TO IMPLEMENT THE TARIFFS.
8-8-2015 Intel Guru Frank26 The CR (Credit Rating) was issued at a B minus but given as STABLE. Moody and Finch is the first to report this last night. The other agencies are waiting for instructions. It is NOW Iraq's Sovereign CR. Jabouri wanted a higher CR but he understands this is the start of adding value and that is the focus right now for the currency. The RI is being kicked in iMO and the B is the RI phase that will take us into the RV.
8-8-2015 Intel Guru Frank26 We have information that this Saturday meeting may be bigger than most meetings by the CBI. Why is it at a hotel with luxury for thousands that are coming...why the royal treatment? Why at the same moment the IMF reiterates that Alack is only the acting governor of the CBI for now? Why is the GREEN ZONE blocked again today? Why is Abadi letting the protestors have their way against the corrupt officials of their country? Why did the defense minister arrest 35 last night? Why is the GOI scattering like cockroaches? Abadi dismissed all of M's followers and they are not getting paid by the GOI. Many small things are leading to one big thing. IMO...the thousands that will show up at the Sheraton tomorrow [Saturday] may be that the CBI is announcing..."open for business".
8-7-2015 Intel Guru Nova What have we seen as for Passing Power To The Provinces? Much of the same, it is being slow played "We must do to slowly ". IMO we will not see this fully implemented till the new mechanism is in place. Now those wonderful Bonds that create so much confusion. Can we find anything on them? NO! Not a word from anyone. Why? IMO this also requires the new mechanism be in place before these Bonds can be sold! What do we see happening Globally right now? We see A New System/ Mechanism being brought on line with many countries Right Now! Really...as of July 31! Never in the history of Iraq have we seen what we are seeing right now! So what is my Opinion? It is this, It is clear to me that Iraq's Government and its Central Bank is Waiting! Waiting for the New System to get to them so it can turn on Its New Mechanism and start doing what the world wants it to do! And what do we know...THAT THE NEW SYSTEM HAS BEEN TURNED ON SO IT JUST DOWN TO TIMING FOR IRAQ! [post 2 of 2]
8-7-2015 Intel Guru Nova We all must take the events happening in any passive investment and draw a conclusion with it. When doing this we cannot forget some of the foundational things about whatever we are invested in. Two of Many with the Dinar are... One is the fact that all government agencies must use the Dinar and Two is that these agencies are in need of The New Mechanism in order to use the Dinar. We have been looking with great anticipation this week on three fronts. Bonds, Tariffs and The Passing Of Power To The Provinces. I realize that Iraq has been collecting taxes since Eve ate The Apple, but they have never done it with the New Mechanism. IMO this mechanism must be in place before we see anything more on its Implementation / Delay. [post 1 of 2....stay tuned]
8-7-2015 Newshound Guru Kaperoni Article quote: "The Central Bank, on Friday, ready to announce the launch of five trillion dinars loans to banks, "industrial" and "agricultural" and real estate "on Saturday." I wouldn’t be surprised if this is delayed since the tariffs were postponed. It is hard to create a competitive market economy when there is no taxes on competing items flowing through the borders. The tariffs need to be in place before they can successfully compete. Abadi made a big mistake today postponing tariffs to the end of the year. That decision, in essences, will put all market economy reforms on hold for the remainder of this year as well...they cannot afford that delay.
8-7-2015 Newshound/Intel Guru BGG BREAKING NEWS!! Fitch gives Iraq its first credit rating!! The ratings agency has given the country a stable outlook and a B- rating...This is just a credit rating – however… I really like this line…“Fitch Ratings has assigned Iraq a long-term foreign currency Issuer default rating (IDR) of ‘B-‘ with a stable outlook…” The credit rating allows them to sell international bonds. On the other hand, it is a “double edged sword”… they can sell – but not for a premium (at that credit level)…which puts more pressure on Abadi to come up with other revenue. He’s having to face reality. Maliki has to go – Alak has to go… the CBI has to “pony up…”
8-7-2015 Newshound Guru Stryker Iraq's Credit Rating: "Fitch Assigns Iraq's First Rating at 'B-'/Stable" Iraq has a credit rating of a B-/Stable, just out this morning. Bring on the Bonds both domestically and Internationally, Fiscal and Monetary Reforms are in the near future for Iraq, so where are they on corruption? Corruption: In my opinion we should see soon a mass roundup and arrest of a majority of the bad guys, including and not limited to Maliki himself and corruption will be under control, for the most part. Then we/they are off to the races...With Iraq's economy considered stable by Fitch and other agencies to follow in their assessment of Iraq, all that's needed is to make sure all future revenue from oil sales, tariffs and taxation can stay working for the people and not in the pockets of the corrupt. Real prosperity for Iraq could really be right around the corner my friends!
8-7-2015 Newshound/Intel Guru Bluedog Article: "Urgent .. Abadi directed to postpone the introduction of the new customs tariff" YES IT'S ON ABADI'S WEBSITE SO IT IS TRUE. SO WHAT DO YOU THINK ABOUT THIS MOVE? NEED A INTERNATIONAL RESPONSE RIGHT. ALSO NEED A NEW TRANSFER OF A GOV OF THE CBI...GOI / CBI WORKING IN SINK... IMO...ABADI BEING THE FORMER FINANCE MINISTER...HE IS ON BOARD WHEN THIS WILL HAPPEN.
8-7-2015 Newshound/Intel Guru BGG Article quote: "Prime Minister Haider al-Abadi, announced Thursday that al-Abadi face to postpone the introduction of the new customs tariff until ensure the readiness of all border crossings to apply." This is a fairly big deal. The issue isn’t that Abadi is postponing it... that isn’t good for us. It’s that he knows there is a missing component – THE ADDED VALUE!! Their own economists warned against this VERY SCENARIO!! It’s no wonder the people are about to be rioting over tariffs with no value.
8-7-2015 Intel/Newshound Guru Poppy3 AFTER DISCUSSING IT ABOUT 4 MONTHS AGO WITH WHAT I CONSIDER THE BEST SOURCE IN THE WORLD...HE TOLD ME...THEY HAVE MET AND AGREED IN A WAY NEVER BEFORE AND THEY FINALLY FOR THE FIRST TIME IN HISTORY EVEN HUGGED ONE ANOTHER WHICH THEY DON'T DO. HE SAID THEY ALL HELD A LIST OF THINGS TO ACCOMPLISH AND WHEN...
ACCOMPLISHED... THE RATE WOULD CHANGE AND THEY WOULD TAKE THEIR PLACE WITHIN THE GLOBAL ECONOMY. ...THEY ARE INCHING CLOSER AND THE PRESSURE IS GREATER NOW FROM AROUND THE WORLD THAN EVER BEFORE. HANG TIGHT THEY WILL GET THERE.
8-7-2015 Newshound Guru Kaperoni Article quote: “...and pointed out that the most important characteristic of that strategy is to strive for the establishment of the Iraqi market, which Council It will be within two thousand and sixteen next year or the next.” Sounds like pressure will start next year to begin to raise the value! Hope so anyway.
8-6-2015 *** Dinar Guru Reality Check Alert *** Be careful who you do business with. Gurus from multiple camps are reporting a plethora of Early "Cash-in" Groups popping up around the country. The reported offer is a variation of something like...you hand over your dinar now in return for nothing more than a promise of a higher exchange rate in a couple weeks. The Gurus feel this makes little sense since these groups can get dinar much much cheaper by purchasing from a dealer. Are these groups popping up because they feel the dinar is close to a rate change? The guru don't know, but plan on seeing more and more offers like this as we move ahead. So be careful, know who you're dealing with...there appears to be people out there who want to separate you from your dinar. [latest guru updates will continue below..]
8-6-2015 Newshound Guru Aggiedad77 Article: "Deputy Speaker of Parliament confirms the existence of 17 laws ready for the second reading" Parliament just announced they have 17 laws that are ready for the second reading...these 17 and a handful of others who by their very nature are the SUPER powerful of all laws...
8-6-2015 Intel Guru Mnt Goat ...each month end, the government of Abadi is reviewed for progress on these reconciliation reforms. We now know that there are 30 reforms and about 20 of them are done. There is so much concern and emphasis now for the completion of these reforms since mid August will make the 1 year outer timeframe for completion of these reforms. These reforms need laws in order to implement them. This is why I keep harping on the completion of these laws as they relate to the RV. No reforms No RV...sorry Charlie...! They are down to the end of their timeframe to complete these reforms... This effort could not go on forever and this end had to come someday. I believe this is the beginning of our RV window and if they can complete these reforms on time we have a wonderful opportunity to see the currency reform and the project to delete the zeroes also being applied.
8-6-2015 Newshound Guru Millionday [I love seeing the process that they are going through. It gives me hope that the RV will be showing soon.] I AGREE -- SO MUCH HAS HAPPENED IN THE YEARS WE HAVE WATCHED THIS ADVANCE -- GREAT PROGRESS.
8-6-2015 Newshound Guru Kaperoni Article quote: "the national strategy to promote the private sector is in three phases implemented over 15 years," The good news is we can see a real determination to implement the market economy now over just talk..starting with the tariffs, the CBI providing funds, then the sale of the 200 or so state companies, laws, etc. Real tangible proof of moving forward. With a clear goal for the government to step back from the development in a year or so...as part of the 3 phases to self sufficiency. The good news is that the pressure created will raise the value of the dinar over the next few years as a result. We must wish them success in this to achieve our goal!
8-6-2015 Intel Guru Mnt Goat Article quote: “...the Government of Babylon ready for direct transfer of powers from eight ministries, noting that the purpose of the transfer of powers is to provide services quickly without hindrance or delay.” I told you Iraq might get a 3 month extension on the decentralization effort... Well now I have to tell you this 3 month extension was rejected due the unconstitutionality of the decision by the council of ministers. Thus the effort scheduled for completion on Aug 5th, yesterday is still on the radar. ...who is actually holding up the transfer...Is it the provinces or the government ministry? ... they are telling the people indirectly it is the government holding back the transfer to their provinces. We do know the culprits (which ministries involved)...most of these ministries are not BIGGIES (meaning critical ministries) except one, the finance ministry. Why has the finance ministry not yet transferred to most provinces? Do you want to take a guess? Let’s see how this plays out over the next couple days since we know they are attempting to meet this Aug 14th timeframe for all the reforms, decentralization being one of them. If they are late by a couple weeks we don’t care as long as its not 3 months...lol…Isn’t this exciting?
8-6-2015 Newshound/Intel Guru BGG [What s going on with Parliament? I thought after Ramadan they were going to get right to work. I just checked their agenda...and no laws of importance are on the agenda clear thru Aug 15?] in retrospect...everyone expected as much - However, the struggle seems to be significant...the news out today is actually high-level meetings with the "3 presidencies" meeting on how to fix the economy and corruption. NOW. ...in light of this news I am very hopeful.
8-6-2015 Intel Guru Mnt Goat I wanted to reinforce the stance that the new customs and tariff law IS IN EFFECT however it is a new law and is being met with much resistance in some provinces as they try to find loopholes. Some ask the question as to how can the Iraq people afford these news goods as the tariff fees are passed on to the consumer? Also they say there must be an increase in the value of the dinar (an RV) to compensate for this increase.
8-6-2015 Newshound Guru Adam Montana [can we expect the rv This year...?] There is a great chance that it's this year.
8-6-2015 Newshound/Intel Guru BGG Quote: "...the International Criminal Court to expedite the arrest of Nouri al-Maliki process before likely smuggled to Iran". Looks like they might move on Maliki soon.
8-6-2015 Newshound Guru Aggiedad77 Article quote: “...the central bank in a statement received (WAM) a copy of that "will be announced the launch of 5 trillion dinars loans to banks Bank convened a press conference on Saturday." Some of you are quick and picked up on this being the topic for Saturday's meeting but who can grasp the meaning of such a meeting at the Sheraton...why there and why now...They have put money on the street in the recent past, but not with this kind of fanfare...and notice who will be in attendance at this "conference"...Deputy PM Shaways...CBI Governor...ministers of Finance, agriculture, industry, housing, businessmen and investors...oh and a few from the Finance Committee...why all this to roll out a loan process of 5 trillion dinars...I think like Frank [Guru Frank26...reference post 8-6-15 below] said, the world is not likely to grasp the meaning of this "conference"...it sounds like it is to be something...much more than just an "announcement" for that could have been done at the steps of the CBI...keep your eyes peeled.
8-6-2015 Intel Guru Frank26 [When Iraq goes to international status, simultaneously, will the currency go up in value? Does the country have to be international to sell the international bonds?] If it does not offer an International Rate of Interest ... Not even a skeleton will buy these dry International Bonds of Iraq. [Does your team still think that the International Bonds will go on sale August 18th?] That is 365 days for A [Abadi] to keep his promise that if not fulfilled will trigger M [Maliki] to react against him. As for DB ( Domestic Bonds)... iMO ... The FIRST of them are being sold NOW. [URGENT FROM IRAQIA TV: CBI WILL HOLD A CONFERENCE NEXT SAT AT 10 AM AT SHERATON ISHTAR HOTEL.] No one knew of THIS "CBI" MEETING ...When was the last time YOU saw a CBI meeting? And B 4 the 18th.
8-6-2015 Newshound Guru Millionday Article quote: “The bank has taken a series of decisions in recent weeks to stabilize the local currency after the dinar dropped against the dollar to 1,400 dinars to the dollar.” SO REMEMBER THE 90 DAYS CBI ANNOUNCED AND THEY ARE STATING HERE THAT THEY ARE TAKING STEPS TO STABALIZE THE DINAR... THEY ARE WORKING TO MAKE THE DINAR STRONG AND GAIN CONFIDENCE...RIDDING THE COUNTRY OF USD ON THE STREETS. [How are they ridding currency... when yesterdays auction was 352 million?] THE AUCTION IS ATTENDED BY BANKS. [SO where does that currency go?] CBI. [when did the 90 day announcement come out?] ABOUT A MONTH AGO. [didn't the IMF OR the UN ..or was it world bank give a 60 day window to act? if so when was that?] YES THEY DID AND IT WAS ABOUT TEN DAYS AGO.
8-6-2015 Newshound Guru Adam Montana [I was wondering what you think is the underlying cause for the delay of the RV?] I want to answer it in a way that might change how people are looking at this. You believe that the RV is being delayed, but what if it's not actually delayed... and things are actually proceeding exactly as planned and needed? When people think the RV is "delayed", that's because they think it was "scheduled" for an earlier date. It's my opinion that the change in the value of the dinar has been and always will be a very careful process, and it probably doesn't have a specific date. In order for the RV to be successful, we have always needed a specific situation to be present. Way back in the very beginnings of this site, I always said we need 3 things: GOI, CH7, and HCL. We have GOI. We have CH7. Now we just need HCL, and we are really really close!
8-5-2015 ***** Dinar Guru NewsFlash ***** As you know Dinar Corp. site has been down since last week. The U.S. Commodity Futures Trading Commission has issued an announcement about the situation...The full press release was sent to Dinar Guru members earlier today. If you're not a member click here now to get on the alert list...as always it's free. Stay tuned as this sobering develops...The latest guru updates will continue below...
8-5-2015 Intel/Newshound Guru tman23 When and IF the huge exchange for IQD takes place, the exchange and purchase will require newly created money...which will require a “plan to sterilize” the over supply of domestic money...When you get to the “meat” of what is described as an elusive RV...it’s not elusive...it is not just as easy as flipping a switch. There are so many damaging domino effects in different economies who would pay for the large exchange of the IQD. The control measures have to be absolute...So then we have to believe that it takes more than a few people to prepare for such an event which contradicts that only a few people know. All we can do is wait and see how they make the change and how it affects our IQD holdings. They are in the process.
8-5-2015 Newshound Guru Chattels [...with the state of corruption, security problems, Maliki etc, do you believe they could begin to handle and sustain a rate increase?] It is possible if for no other reason than I do not think that we have all of the information and we will not have information that will allow us to anticipate a favorable rate change - it is supposed to be non - transparent... it is a national secret...in , to and for Iraq. [let me put it another way, if this was a house being built, do you believe the foundation is solid enough?] it has the potential, but the when of it all is the abiding question I think.
8-5-2015 Newshound Guru Adam Montana There is a lot of buzz about a couple of major dinar dealers getting shut down or investigated. It really has nothing to do with "dinar". It's about how they did business. The dinar is still NOT a scam. There is great potential for the Iraqi Dinar to rise in value, be it a little or a lot, and we all have every right to own it, hold it, and gain from it. ...there's a lot going on, and even a little excitement building amongst my closest Iraqi contacts, but as of right now - no HCL, so no RV. That's the bottom line. In a nutshell, the IMF is actually putting pressure on Iraq to get moving, and the timeline is less than 2 months. I've always said that the IMF can't force Iraq to RV, or anything else for that matter. The CBI and GOI will do what it wants, when it wants... but this is looking like good pressure on Iraq, and that's part of why my contacts are starting to crank up their enthusiasm.
8-5-2015 Newshound Guru sczin11 THE AGENDA THRU AUG 15 ALREADY PUBLISHED. THE "IMPORTANT" LAWS ARE NOT INCLUDED...NONE OF THEM. TODAY RELEASE, COMMITTEE FINALLY READY WITH INVESTMENT LAW AMENDMENTS...READY TO BRING FOR A VOTE...BUT MUST GET ON AGENDA FIRST. ANY OTHER LAW, NOT READ YET, AT A BARE MINIMUM, IF THEY STICK TO WHAT OUR UNDERSTANDING OF CONSTITUTION IS, WILL TAKE A MIN. OF ONE MONTH TO GET TO THE GAZETTE. YOU CANT HAVE TARIFFS, SAY THE PRIVATE SECTOR IS THE KEY TO OPEN MARKET WORLD ECONOMY, WTO, ETC...WITHOUT PURCHASING POWER... I AM SIMPY RANTING RE THE NEED FOR ALL THE LAWS, IN ORDER FOR THE COMPLETION OF THE MONETARY REFORM. [post 2 of 2]
8-5-2015 Newshound Guru sczin11 [I'm told it is not implemented...tariffs.] THEY ARE IMPLEMENTED. THE TARIFFS ARE A WASTE OF TIME WITHOUT AN INCREASE IN PURCHASE POWER...THAT IS EXACTLY WHAT WE ARE SEEING IN THE NEWS NOW...JMHO. THE PEOPLE CAN NOT PAY MORE THEN THEY ALREADY CAN NOT AFFORD. [ I think the fact that the tariffs are in place and the country is in an uprore about it will bring the change we need to bring up the value...now they will demand that the laws be put into place to move the country forward.] IMHO, THEY WONT MAKE IT LONG ENOUGH UNDER THESE CONDITIONS, TO PASS LAWS SOME CLAIM ARE NEEDED..JMHO. [post 1 of 2....stay tuned]
8-5-2015 Intel Guru SteveI [You have been confident before & the RV did not happen. Is there anything different this time around?] Yes, that is very true, ISIS was not part of the plan which sure caused many problems for not only Iraq, but other countries as well. I personally think this was a huge set back for Iraq, but they will get control and push forward and be the powerful country that their assets can back up.
8-5-2015 Intel Guru Frank26 [Once upon a time many years ago...a man named XXX said the layaways would have to end...right before... IMO...] OK...Here it is: iMO ... Powers do not want Layaways sold any longer. You know why? Cause they are GUARANTEED over a 30 to 60 day period. if...If...IF... The RI/RV is near...This has to stop...This is a Fact of DRS [Dr. Shabibi] MR [Monetary Reform] of his CBI's Dinar.
8-5-2015 Newshound Guru Kaperoni "The central bank plans to put up for the benefit of financial bonds worth two billion dollars" As far as I know, these are domestic in country bonds being sold. International or bonds sold to the world market is scheduled for the end of this year..not at this time. There is a good chance if the GOI funds the budget (increase in oil prices, or other sources) they will not even issue the international bond sale. It is a last resort IMO to make meet the deficit.
8-5-2015 Newshound Guru Enorrste Quote: “The Federal Reserve's primary method of reducing the money supply is to sell Treasury securities; more simply put, they sell government bonds. This is often referred to as contractionary monetary policy. By selling bonds to the public (including commericial banks, financial institutions, and the average citizen/investor) the Federal Reserve sells a bond and takes cash out of circulation.” First, selling bonds reduces the money supply rather than increasing it. This is basic economic monetary policy. Second, it seems clear...that the CBI will remove the dinars that they receive from circulation, thereby putting upward pressure on the value of the dinar. The important thing here is that the bonds are being issued in order to reduce the money supply while at the same time making it possible for infrastructure loans to be made by the holder of the bonds.
8-5-2015 Intel Guru SteveI [Do you still thinking the rate will be 3+ range?] Yes, I believe based on the region they are in and oil sharing with Kuwait, anything less would not work.
8-5-2015 Newshound Guru OOTW Quote: "REDUCING THE LEAD OF THE NATIONAL CURRENCY" THIS LINE IN COMPARISON WITH THE TITLE OF THE ARTICLE, LEADS ME TO BELIEVE THEY ARE SIMULTANEOUSLY STATING THAT THE DINAR HAS LOST ITS RIGHTFUL LEAD POSITION IN THE IRAQI ECONOMY - AS WELL AS A POSSIBLE IMPLICATION THAT THE LEAD ZEROES MAY NEED TO BE REMOVED, THUS ADDING VALUE. THIS ARTICLE MAKES IT SEEM AS IF THEY'VE A LONG WAY TO GO...TRULY, MUCH OF THIS HAS BEEN , OR IS ALREADY BEING WORKED ON... IMHO, OUR HOLDING IN THE DINAR - AND THE FORWARD MOVEMENT OF WATCHING FOR AN INCREASE IN THE VALUE...REALLY JUST GOT STARTED IN SEPTEMBER, LAST. WE TRULY ARE MAKING GREAT PROGRESS...PLEASE EVERYONE, BE PATIENT... [post 2 of 2]
8-5-2015 Newshound Guru OOTW TODAY WE SAW A GREAT PRESS RELEASE FROM KEYWORDS - AN ACTION PLAN FOR ASSIGNING VALUE TO THE IQD! Article "Financial crisis: devaluation of the Iraqi dinar is it the solution?" WHEN THEY SAY "DEVALUATION" THEY MEAN LOWERING THE FIGURE IE AMOUNT OF THE FILS -MOVING CLOSER TO THE VALUE OF A DOLLAR...IN EFFECT "LOWERING" THE NUMBER, IE, MAKING IT "DEVALUED" BUT IN EFFECT, INCREASING THE VALUE AS THE NUMBER AMOUNT/FILS OF THE DINAR ARE REDUCED. [post 1 of 2....stay tuned] 8-4-2015 Newshound Guru sczin11 [if i remember correctly...one of the stipulations of either the strategic framework or the monetary reform is to be a member of the WTO.] THAT IS DEFINITELY PART OF THE WHOLE PICTURE, BUT THE LAST REQUIREMENT, AS FAR AS I KNOW, IS THEY MUST HAVE A UNIQUE CURRENCY, THE DINAR, AND IT MUST BE INTERNATIONALLY TRADEABLE. THEY NEED A TRUE VALUE TO ENTER THE WTO, BUT THEY DONT NEED WTO TO GET A TRUE VALUE.
8-4-2015 Intel Guru SteveI [What do you think about all of these dinar sites situations? Could this be a hint?] I think it means we are at the end of this ride. I suspected this was going to happen when it got close. We were told to look for this last year by many contacts.
8-4-2015 Newshound Guru Chattels Maliki's fate may lie with the Shia internal battle ( National Alliance ) to choose their next leader. My sense is that Maliki cannot survive in the margins of political power. He has too many enemies, so if he is not chosen as the leader of the National Alliance then he likely is indeed on the way out and out of the country to Iran.
8-4-2015 Newshound Guru sczin11 I AM ONE WHO PUT A LOT OF STAKE IN THE TARIFFS...AND I WILL REITERATE MY RECENT OPINIONS. AT THIS MOMENT, THE IMPLEMENTATION OF THE CUSTOMS AND TARIFF LAW, IS DOING JUST THE OPPOSITE, OF ITS INTENDED PURPOSE. IT WILL NOT HELP TO REDUCE THE BUDGET DEFICIT, WHICH WAS A RECENT ADDED HOPE DUE TO THE FINANCIAL CRISIS THIS YEAR. IT CAN NOT REDUCE, IF GOODS ARE NOT PURCHASED. GOODS ARENT BEING PURCHASED CAUSE THE EXPORTERS DONT WANT TO PAY, AND THE IMPORTERS ALREADY PRICED TO HIGH FOR THE AVERAGE CITIZEN, CANT INCREASE RETAIL PRICES TO REFLECT THE INCREASE IN THE COST DUE TO THE TAX. SO WITHOUT AN INCREASE IN PURCHASING POWER, WHICH WILL ALLOW THE IMPORTER TO BUY MORE FOR THE SAME DINAR THEY CAN NOT REDUCE THE COST TO THE END USER, THE IRAQI CITIZEN, TO MAKE THE GOODS MORE AFFORDABLE. THE PRIVATE SECTOR CAN NOT BEGIN TO PROSPER UNDER THESE CONDITIONS...SO YOU SEE, THE VICIOUS CYCLE HERE.
8-4-2015 Newshound/Intel Guru BGG [If they can only muster 200-228 to vote on insignificant laws...how could they ever get a super majority for the important ones?] they have called for international mediation (just over the weekend) on such issues. Could be the world powers will help "persuade" the Shia "leadership" to act right. they are aware of their short comings and have asked for intervention... all in ink... [also the world bank is watching!] with a MASSIVE hammer in their hand. [does the 60 day deadline have ANYTHING to do with an International rate?] IMHO it has EVERYTHING to do with a rate - the WB/IMF has (essentially) told them to get their AML policies in order or they will WOP them back to the stone ages (in currency value). aka - BLACKLISTED...that does not appear to be a hollow threat... and it would seem directed at Maliki and his cronies.
8-4-2015 Newshound Guru Stryker "Large Reserves Will Raise IQD Exchange Rate" ...the $10 billion that was spent out of the reserves from 2014-2015 was not a waste and a good thing for the Iraqi Dinar and it's upcoming raise in value, according to...economist!
8-4-2015 Intel Guru Delta The only thing left is the currency reform. They must lift the 3 zeros and move forward. In my opinion...you will never see an international bond without the currency reform. We will not see an international rate without currency reform. The IMF told Iraq a long time ago...they stated specifically...they will help Iraq if they implement the tariffs and lifting the value of their currency. The tariff...they are implemented. For the IMF to give the emergency loans...they know what’s going on. The reason why I’m excited...it’s impossible to increase things with 20% taxes without increasing power of purchase. If Iraq came out at .85 or 1 to 1...that is not the true value. The true value is over 3. I’m very, very excited! I’m very anxious to see what happens this September. [post 2 of 2]
8-4-2015 Intel Guru Delta [via FrostyTheSnowman] I do have the confirmation...one bond does exist...a domestic bond. For every dollar that you are going to buy...the price is 1095 dinar on those bonds...you may not see that in the news because that happens internally within the banks. From August 2 until 31st the CBI is doing this to raise some liquidity and capital for the financial ministry in Iraq. Those bonds mature in 1 year. In one year...financial ministry has to pay you the money plus about 6% interest. I think it’s disappointing that the CBI is doing this to the citizens because we all know what’s going to happen. Say 2 or 3 months the value increases...imagine how upset they will be? In my opinion...we may not see any changes in the month of August because of those bonds. I don’t think the CBI would pull the trigger while selling those bonds. In my opinion - nothing will happen in August. If the CBI sells the bonds fast...they could increase the value. [post 1 of 2....stay tuned]
8-4-2015 Newshound/Intel Guru BGG [do you expect a huge announcement when the RV happens?] Yes, it will be visible, immediately "around the world" and no "trickle down"...you will know when it happens.
8-4-2015 Intel Guru Frank26 Maybe by the 18th...highly possible...we may have a better chance of seeing the bonds come out for the citizens of Iraq. The anti-money laundering law is in place as of right now! It was put in place today at the borders. They didn’t even want the bonds sold until this anti-money laundering law was done. Jubouri threatened that if they (GOI) didn’t get this done, he would expose what parliament was doing to the citizens. The concerns for Abadi when he took over as the new Prime Minster were serious. He told the people to give him 1 year and he would clean up all of the Maliki mess. Well guess what? Security comes in many forms. Abadi and Dr. Shabibi are one...united in getting rid of Maliki and his base. We believe now that the anti-money laundering law is in place … they can now deal with them from causing any problems. The reinstatement is something we want to see. At some point they can jump into the RV during the International phase. This has to work perfect. [post 2 of 2]
8-4-2015 Intel Guru Frank26 [via FrostytheSnowman] ...the LAWS are very important for the security for Iraq. They satisfy the borders (taxes / tariffs) those protect the currency and the revenue stream for Dr. Shabibi. ...the TARIFFS are in place TODAY [Monday]. The TAXES and TARIFFS are applied through the borders but they don’t apply to FOOD – because they need to take care of the citizens. If you want to bring a product into Iraq it’s going to cost the companies a lot of money. Those companies are pouring in because they want to be a part of the monetary reform. The only security we’re interested in is the movement of the monetary reform. The international world knows it’s coming with the taxes and tariff’s kicking in. [post 1 of 2....stay tuned]
8-4-2015 Newshound/Intel Guru BGG [can the GOI RV without the CBI?] No - they cannot. However...the GOI (various committees) want this (added value) as much as anyone... it is conceivable the GOI did this knowingly to put more pressure on the CBI to act accordingly...what I'm saying is: the GOI may be allowing the tariffs and taxes to go ahead in spite of the CBI holding things off - I hope it doesn't backfire on them (if that is the case)... [post 2 of 2]
8-4-2015 Newshound/Intel Guru BGG [did the bonds come out for purchase in Iraq?] internal bonds...yes. [has anyone heard if the tariffs actually started being implemented at Iraqi borders over the weekend?] there has been print on both sides of this - I suspect they have... however, I saw pics over the weekend of import vehicles waiting at "ports" to bring goods in... I have a funny feeling they are half afraid to bring the goods in at the new prices. tariffs without value is SIGNIFICANT PRESSURE. This is real... [post 1 of 2....stay tuned]
8-4-2015 Newshound Guru My Ladies THE CBI DID NOT SELL THE BONDS TODAY NEAR AS I CAN TELL, I CALLED ALL THE WAY UP THE FINANCIAL CHAIN AND WE CAN NOT SEE THEM. [GURU] NOVA CALLED UP HIS CHAIN AND THE SAME THING. I DID HOWEVER FIND SEVERAL OTHER BONDS FROM THE REGION FOR SALE. SO WE WAIT, BUT NOT MUCH LONGER I DON'T THINK. 8-3-2015 Newshound Guru My Ladies Article: "Iran plans to offer more generous terms to oil investors" WELL HERE WE SEE IRAN COMING IN STRONG AND WITH SOLID CONTRACTS THAT ARE MORE APPEALING THAN ANY OTHER IN THE REGION, SO I REPEAT WE SHOULD SEE SOME REACTION FROM IRAQ SOONER THAN LATER OR THEY WILL TURN INTO THE BIGGEST FAILED PROJECT THE USA HAS EVER TAKEN ON. I’M NOT EXPECTING THAT WILL HAPPEN. ...DEALS WITH IRAN ARE LOOKING BETTER FROM THE JUMP THAN THE CONTRACTS IRAQ HAS AND COUPLE THAT WITH NO PAYMENT ON THEIR CONTRACTS AND IT COULD GET SCARY FOR IRAQ REAL FAST. THE DINAR NEEDS TO BE CONVERTIBLE AND REFLECT VALUE IN ORDER FOR ALL THIS BACK MONEY TO BE PAID. SO WE CONTINUE TO WATCH IF ONLY FOR A LITTLE LONGER.
8-3-2015 Newshound Guru Memphis [new Guru] [ARE THE TARIFFS AND TAXES BEING IMPLEMENTED A SIGNIFICANT STEP IN THE MONETARY REFORM? WHY OR WHY NOT?] There are many markers that will point to the end stages of Iraq's monetary reform and among them is implementation of the tariff on all goods. I have been watching the latest push as it APPEARS they are serious this time. Now as to why? The WTO has placed it as a requirement to membership and along side this the WTO has also mentioned their interest in seeing the dinar valued more on par with the USD. So I have always viewed it significant as a marker that the end is near.
8-3-2015 Newshound Guru tlm724 Article quote: "The law of customs tariff applied in three phases, the first was on the specific types of goods, and the second more goods," noting that "the application of the third phase began first on Saturday, (the first of August the current 2015), on all goods entering Iraq" 1,2,3 it's a done deal! Quote: "the General Administration of Customs created the supplies necessary for the application of the law at border posts," pointing out that "the law will allow Iraq to join the WTO membership global" now we're rockin!
8-3-2015 Newshound Guru sczin11 [ I didn't know the MONEY LAUNDERING Law was passed.] CABINET DID PASS IT AND SENT TO HOR.
8-3-2015 Intel Guru Mnt Goat I know the plan as it was detailed to me many months ago. All these aspects are interrelated and interconnected such as the needed reconciliation (or Erbil), security, banking and relations with neighboring countries. But our attention now should be on Abadi and the Reconciliation effort and its completion since we see these other areas there are no issues and are under control. Did the Customs and Tariff law get enacted? YES...It positively did get enacted and is now in full force. I am hearing the rollout of these new taxes is slow and so far the impact is MINIMAL thus the pressure to RV is minimal impact also, but only for now. [post 2 of 2]
8-3-2015 Intel Guru Mnt Goat They are down to the end of their timeframe to complete these reconciliation reforms I have referenced so many times already. This effort could not go on forever and this end had to come someday. The WTO wants them as members and they are slotted to ascend to full member pending currency reform and tariff implantation. Remember it is always all about the $$$$. Having tariffs means a % goes to the WTO automatically through the software payment system. This could mean billions annually for the WTO. Having an international currency means ease of trade and payments, but it also mean having the rate set in the exchanges where they need to reference it for conversion in the software system... It is all interconnected. [post 1 of 2....stay tuned]
8-3-2015 Newshound/Intel Guru BGG [by tariffs going today is that the proof we needed?] not entirely...they may be able to absorb these "internally" for a while... but sooner or later "market forces" take over. [If a tariff is place on something coming into country, isn't that International?] It is possible to implement tariffs without an RV - but it puts a lot of pressure on the CBI - it is not impossible to think this is what they intend. If the CBI won't do this - the GOI moves forward without their approval.
8-3-2015 Newshound Guru OOTW [What news are you liking or find most interesting / encouraging these days?] I have to say the tariff news right now...how much longer can they go without increasing the value of the dinar, even if only double to give the people some buying power without protests...protests are going to happen - the people are not going to stand for this decrease in purchasing power for long. [My take from the news is that actual implementation has begun, do you agree?] yes it has. ...remember the govt has been adamant about telling the people that the cbi can back the currency twice over: "have double the reserves to back the dinar"...the tariffs are going to definitely cause a trickle down effect.
8-3-2015 Newshound Guru Millionday "National Expert Group announced to promote the private sector...including soft loans worth six trillion Iraqi dinars, confirmed that the government had promised to implement the program within a week or two weeks." THEY SEEM TO BE CONFIDENT THAT THEY WILL BE IN A POSITION TO ACTIVATE THE PRIVATE SECTOR ...THIS IS HUGE...GREAT NEWS. [They must feel they are going to get the Money Laundering taking care of that the world bank wants to get these loans, within the next few weeks then.] THE CABINET HAS PASSED ALL MONEY LAUNDERING AND TERRORISM FUNDING LAWS...SO IT WOULD SEEM THEY ARE CONFIDENT.
8-3-2015 Newshound Guru wmawhite What is driving this is very difficult for even an economic major to understand. This is not a single faceted event. There are many layer to it. For the first time in 30 years, today the IQD is listed on the bond market screens in many places around the world... we have so many reason to be happy with what is happening. ...it is happening in front of us...we just need to be able to recognized the numerous indicators there are evidence of this event.
8-2-2015 Newshound Guru Breitling …Let’s break this down…They’re issuing bonds because the economy is at a certain level. They are also reducing the note count like crazy. They are also going to issue the bonds in US dollars. They pull those US dollars off the market and get them in the reserve and they are still lowing the competition between the two currencies in the country. I can’t see anything negative in there. I can’t see a trend in Iraq where they are spending less. Right now the economy of Iraq is based on people eating and the daily functions. There’s really not much outside of that right now. So that’s not going to stop…that’s the foundation. The biggest fear is them not moving and we’re way past that. [Post 2 of 2]
8-3-2015 Intel/Newshound Guru Poppy3 ...EARLIEST WE WILL SEE CHANGE IS MONDAY AND ANYTIME, ANY DAY THERE AFTER.
8-3-2015 Newshound Guru Arthur ONE OF MY MOST TRUSTED CONTACTS TOLD ME, AND I QUOTE “GOOD LUCK GETTING THROUGH THE WHOLE MONTH OF AUGUST WITHOUT TOTAL AND CATASTROPHIC IRAQI GOI/PARLIAMENT IMPLOSION IF THERE IS NOT REAL MONETARY AND CURRENCY REFORM IMMEDIATELY.” THERE ARE NO MORE CANS TO KICK NOR ROADS TO KICK IT DOWN. EVEN AS EARLY AS WITHIN THE NEXT 48 HOURS WE WILL HAVE SOME ANSWERS AS TO RATHER TAXES AND TARIFFS ARE IMPLEMENTED ALONG WITH SOME UPWARD PIPS IN THE MOVEMENT IN THE DINAR AND ITS POSSIBLE MOVEMENT FROM EXOTIC TO INTERNATIONAL. THE NEXT COUPLE OF WEEKS SHOULD TELL US A WHOLE LOT AS TO RATHER THIS COULD REALLY AFTER ALL THESE YEARS BE OUR MOMENT. [post 2 of 2]
8-3-2015 Newshound Guru Arthur I WOULD HAVE TO WRITE A NOVEL AS TO THE SPECIFICS WHY I HAVE THIS STRONG POSITIVE FEELING ABOUT AUGUST AND SEPTEMBER...ALL THE TELL TELL SIGNS WE HAVE ALWAYS BEEN LOOKING FOR APPEAR TO BE THERE THIS TIME. I AM NOT GONNA’ GO INTO THE INTEL I HAVE FROM 4 STATES ALL THE WAY UP TO THE AMERICAN SENATE LEVEL, TO THE 2 OR 3 CONTACTS I STILL TRUST IN THE MIDDLE EAST. EVERYONE OF THEM ARE SAYING THERE IS SOMETHING ABOUT TO HAPPEN WITH THE IQD. BEYOND INTEL THAT HAS PROVEN TO BE MOSTLY CLUELESS OVER THE YEARS...THERE ARE THE FACTS ON THE GROUND THAT WE CAN SEE AND VERIFY WITH OUR OWN EYES. BUT I ASK YOU TO LOOK AT WHAT COULD BE THE MAIN FACTOR RIGHT NOW WHICH IS THE FACT THAT THE GOI IS UP AGAINST AN EVER GROWING THREAT OF IMMINENT CIVIL WAR. I HAVE FACTUAL UNDENIABLE INTEL COMING FROM IRAQ LEADING ME TO BELIEVE WE ARE RIGHT ON THAT THRESHOLD. [post 1 of 2....stay tuned] 8-2-2015 ***** Dinar Guru Newsflash ***** It appears another Dinar dealer is under some sort of investigation by the FBI. Following Sterling's visit in June, Dinar Corp's website appears to be down and reports from gurus and community members is their site name is now under government control. Dinar Corp has not made a public statement yet regarding what's going on but Guru BGG expects one soon. Stay tuned as this very concerning story unfolds...
8-2-2015 Newshound Guru sczin11 I AM VERY CONFIDENT THERE MUST BE A RATE CHANGE IN A FAIRLY SHORT ORDER, ASSUMING CUSTOMS AND TARIFFS REMAIN IN EFFECT...
8-2-2015 Newshound Guru My Ladies ON THE BOND ISSUE, LET’S JUST WATCH WHAT TOMORROW BRINGS WHEN THE ENTIRE GLOBE IS AWAKE. RIGHT NOW THE CBI AND OTHER OFFICES IN IRAQ ARE STILL CLOSED WITH 118 DEGREE TEMPS AND LIMITED ELECTRICITY. I HAVE EVERY CONFIDENCE THIS IS THE BEGINNING OF THE BEGINNING. WE NEED TO SEE HOW THEY ARE SELLING THEM AND I'LL HAVE A BETTER PICTURE TOMORROW WHEN THE MARKETS ARE OPEN. WE HAVE 8-10 YEARS IN THIS ANOTHER FEW DAYS WAITING SHOULD BE A SNAP. ...WE ARE ALMOST THERE AND NOT BECAUSE SOME IRAQI PAPER TOLD US SO. IT IS BECAUSE THE NEW BANKING SYSTEM TOLD US SO. THE TRIGGER HAS ALREADY BEEN PULLED THE NEW SYSTEM IS IN. THERE IS NO STOPPING IT NOW.
8-2-2015 Newshound Guru Breitling …to issue bonds…they have to have a certain amount of confidence in their economy…there is sentergy here. They are raising money from those bonds to get the economy running even more. Bonds are an indicator that they are at a certain level with their economy…this is with ISIS and the insurgency and the competition between the Shia and Sunni…the numbers are fantastic for Iraq. I don’t go on feelings I go by the numbers. the numbers say plus and the trend is that it will keep going up. [Post 1 of 2 stay tuned to the rest of the story
8-2-2015 Intel Guru Mnt Goat So today is the beginning of the last stage of this timeframe for Abadi to get these reforms completed. Iraq is now in the final countdown. If they can be successful in this effort we have an excellent window to see this currency reform by mid August through mid September. I am not predicting an RV but just telling you what is in the plan and the deadline I am aware of. They are down to the wire. I believe we could never ever be so close to having this currency reform completed. [post 2 of 2]
8-2-2015 Intel Guru Mnt Goat ...about 9 months ago...I began to tell you about the need to implement the 27 reforms and that these reforms were nothing more than the Erbil Agreement of 2009-2010 re-packaged into the Reconciliation or Unity Reform effort. Well I was partially wrong – it’s now actually 30 reforms in total. I also said that in mid August mid 2014 timeframe the parties involved gave the Abadi government 1 year to make good on the implementation of these reforms... I also told you at this time Iraq would have to complete these reforms in order to get any RV. In fact one of the reforms itself is the currency reform we all have been waiting for. This is the plan. [post 1 of 2....stay tuned]
8-2-2015 Newshound Guru Kaperoni [if Iraq goes asset backed they'd literally be the wealthiest country in the world imo...with very little debt overnight...which imo would take it over 10 cents..basel 3 assets.] it could...we can hope so...some believe selling these bonds is the beginning of that pressure. A kick start of sorts reducing the money supply creating demand for the dinar. I am not so sure. But if so, then they expect the laws to pass in short order and investors to come thereafter contributing to the pressure. One thing is for sure, it appears we will see if the transition to a market economy is going to take off or not over the next few months...And that is something to look forward to watching. [...the next few weeks "should be" a barn burner.] Well I am not as optimistic to say "weeks" but nothing wrong with that. [post 2 of 2]
8-2-2015 Newshound Guru Kaperoni We are seeing some progress...Tariffs are in effect also taxes on electric and cell phone...And the GOI gave away power today to several provinces which to me is a bigger deal. Bond sales of about 2 trillion dinar start locally, not internationally as some reported. [You still believe we wont be in the .70 or .90 range in the next year or 2?] yes...maybe a dime by early 2017...all depends on how the economy grows and if parliament passes laws...you cannot look at a currencies value as what they need. A countries currency is a result of a countries GDP, growth, investment, etc. If the investors come, it will go up. Not the other way around. If the laws pass, and the flood gates open up, investors come in, investment comes through the Capital Account of the CBI, the dinar will rise...the counter to inflationary pressure is to raise the rate of the dinar...the more pressure, the more the cbi will raise it. When and how fast is relative to that event. [post 1 of 2....stay tuned]
8-1-2015 Newshound Guru sczin11 REMINDER... CBI WAS CLOSED ON THURSDAY FOR THE HEAT HOLIDAY...THEY MAY REMAIN CLOSED THRU SUNDAY, AS THAT HOLIDAY WAS EXTENDED UNTIL THEN...SO, WITH THAT BEING SAID, WE ARE IN THE DARK POSSIBLY UNTIL SUNDAY NITE WITH FOREX, OR MONDAY MORNING WITH CBI...AS FAR AS SEEING ANY CHANGE IN EXCHANGE RATE...
8-1-2015 Intel/Newshound Guru Poppy3 IMPLEMENTATION OF FULL TARIFFS AND OTHER TAX LAWS NOT TILL AUGUST 2ND MAKING MONDAY THE FIRST OPPORTUNITY FOR US TO REALLY SEE CHANGE IN A RATE. TIME WILL TELL...
8-1-2015 Newshound Guru Kaperoni ...I do not believe there is any relation between the 1095 rate and the official CBI rate of 1166. All these bonds are doing at 1095 is building in the return (interest). Just like a US savings bond does (you pay $10, and in 20 years its worth $25). As for the Tariffs, often a supplier and retailer will absorb the tariff (slight reduction in profit) so the consumer may not be impacted at all. We will have to wait and see if the additional cost changes trickle down or now. Implementation of these certainly does not mandate a RV...
8-1-2015 Newshound Guru My Ladies THIS IS AN EXCITING WEEKEND FOR US. WE KNOW THE BONDS ARE GOING TO CROSS BORDERS TOMORROW AND I AM BEYOND ANXIOUS TO SEE HOW THEY DO IT.
8-1-2015 Intel/Newshound Guru Poppy3 TARIFFS FROM WHAT DR SHABIBI STATED WOULD NOT EVEN PAY FOR THE 3000 WORKERS IT WOULD TAKE TO MANAGE AND COLLECT THE TARIFFS THROUGHOUT THE COUNTRY... IMPORT AND EXPORT. FOR THAT REASON I EXPECT TO SEE A NEW RATE AND OBVIOUSLY THE RATE MUST BE SUBSTANTIAL IF THEY ARE TO FULFILL ALL THEY HAVE THAT REQUIRES FUNDING. WE WAIT WITH GREATER EXPECTATION TODAY AND THIS WEEKEND. EVERYTHING DOES LOOK MORE PROMISING THAN EVER BEFORE.
8-1-2015 Newshound Guru Millionday Quote: "The head of the minister for economic affairs adviser appearance of Mohammed Saleh, Wednesday, that the application of the decision tariff will not change schedule will apply on time." PLANS SEEM TO BE GOING FORWARD ON TIME... [SO WHAT HAPPENS IF THERE ARE TAXES AND NO RATE CHANGE?] THE COST OF LIVING NEEDS TO RAISE IN COUNTRY FOR ELECTRIC ETC -- BUT THE TARRIFF NEEDS TO IMPACT PRICING FOR COMPETITION TO BE SUCCESSFUL -- IMO...GREAT QUESTION... [IF these tariff and taxes start tomorrow [Saturday] without a rate, that will hurt the Iraqi citizens cause they won't have the money to pay for the items that they need with the taxes added to it?] I BELIEVE THEY ARE FOR EXPORTS ETC -- NOT LOCAL PRODUCTS AT THIS POINT. 7-31-2015 Newshound Guru BGG …They are looking to deal with corruption in the Central Bank is literally huge…that’s almost a direct response to the boldest threat the IMF and the World Bank made to Iraq. They plainly told them if they don’t handle their situation [money laundering and corruption] in the next 60 days they are going to blacklist their currency and it won’t be worth anything. That would be terrible for Iraq and they don’t want that.
7-31-2015 Newshound Guru Kaperoni Article "Parliamentary committee: the government agreed to transfer the powers of eight ministries to the provinces" ...Council of Representatives, for the federal government approval for the transfer of the powers of eight ministries of service to the provinces, next Sunday." This seems like a pretty big deal and it is happening Sunday.
7-31-2015 Newshound Guru My Ladies [tariffs and power transfer still looks like a go?] YEA IT DOES, IT ALL LOOKS GOOD...
7-31-2015 Newshound Guru NOVA ONE THING THAT I ENJOY ABOUT FOLLOWING THE IQD AND THE NEW ECONOMIC ENGINE THE MOST...IS KNOWING WHEN THE FACTS ABOUT 2015 ARE WRITTEN DOWN IN THE HISTORY BOOKS...2015 WILL BE SEEN AS THE START OF AN AMAZING ECONOMIC RUN THAT THE WORLD EVER SAW COMING! AND YES THIS IS NOVAS WAY OF SAYING HE IS EXPECTED! (Excited).
7-31-2015 Intel Guru Mnt Goat Articles: "PARLIAMENTARY FINANCE CONFIRMS THE CONTINUATION OF THE "CENTRAL" TO PRINT NEW BANKNOTES: WILL GO WITHIN DAYS" "Securities Available To The Public Raise The Credit Rating of Iraq to Facilitate External Borrowing" Absolutely predictable and like clock work. Confirms absolutely everything I have been talking about these last months. These coming weeks the window remains the same and I have to say that if we do not see some change in the currency status I will be amazed and totally baffled. I am very, very happy and so should you!
7-31-2015 Newshound/Intel Guru Randy Koonce When the Tariffs take place on the first the Rate should be in the same range it could be a little higher depending on the last arrangement on the HCL that Barzani negotiated. So Unless Parliament changes the date again.. Which they do not meet until next thursday...or there is a loophole none of us know about...then we should see the RV prior to the tariffs if we do not see it then there was a loophole that none of us know about...we are very close even if we do not see on the 1st the excuses are running thin...So to sum up we know they need RV before tariffs, and the bond article is bogus... and barzani is needing his money...GO Barzani...We are close... Every large bank will exchange.. RELAX the RV is coming... Barzani is the Person that has to be paid... and Iraq nor the US can do this without Money and the only way for that is RV... [post 2 of 2]
7-31-2015 Newshound/Intel Guru Randy Koonce One of the biggest things that we have going for us right now is the tariffs they are going to start on the 1st of August. At least they are suppose to...The papers are saying that they are so lets just say they are...The reason they did not RV yet was the president. Now that the president has run out of excuses for not letting Iraq pay the kurds he is going to have to pay barzani which has lead to Iraq starting the tariff articles...Also another major article came out with the bonds selling at 1095 anybody in there right mind should have caught that article as bogus... that was disguise the rate it will actually come out... One of the things we know is the provisional budget that they were going to pay Barzani was going to be in effect from October to the January... and the rate was going to be in the 1.00 to 1.23 and they were then going to pay barzani a portion of the back oil that is owed him and then in a few months re RV and pay the rest... [post 1 of 2....stay tuned]
7-31-2015 Newshound Guru My Ladies [IF Aug 2nd brings a verifiable international currency, does that mean the currency can only change in 2% increments? Or is Iraq able to go in and make a substantial change at any time?] NO 2% IS THE STANDARD OR THE NORM ON FOREX, IRAQ CAN DO WHAT EVER THEY WANT WHENEVER THEY WANT TO DO AFTER THEY GET THEIR CURRENCY TURNED ON.
7-31-2015 Newshound Guru Millionday ...ONE THING THAT IS MORE THAN OBVIOUS -- THE POWER OF THE PRIME MINISTER IS OF COURSE MASSIVE BUT -- WHEN YOU LOOK AT THE IMPACT ON JUST THE INVESTMENT AND LAWS ACCORDING -- IT SHOWS US ALL JUST HOW INCLUSIVE EVERYTHING IS WHEN IT COMES TO MALIKI`S PREVIOUS POSITION --- HUGE. JUST ONE OF THE MANY REASONS IT WAS SO IMPORTANT TO REMOVE MALIKI IN A VERY IMPORTANT WAY IMO. [There was an article out this morning that Maliki was leaving again...any truth to that?] I SAW THAT HIS CHARGES APPEAL WAS DENIED AND COURT WILL GO FORWARD ACCORDING TO MASSIVE REPORT. I THINK THAT HIS REMOVAL WAS A GREAT MOVE FOR NEW IRAQ AND THE INTENSE PLANS MADE FOR THEM. THE WORK BEING DONE IS AMAZING.
7-31-2015 Newshound Guru Enorrste ...my point was that unless they also reduce the value of the money supply then the issuance of the 50k and 100k notes will be worthless. Reducing the amount of paper in circulation may be a "feel good" for the people, but the CBI must have a greater goal in mind than that. Several articles have stated clearly that the issuance of the larger notes will improve the value of the dinar. The only way to achieve that is to reduce the value of the money supply at the same time they are reducing the paper. Otherwise the dinar won't rise in value and the even exchange will have been a waste of time and money. It will take more than just reducing the demand for dollars by giving the people an alternative. An even exchange gives them the alternative to move to dinars but does nothing in itself to raise the value. Only a reduction in the total value of the money supply will raise the value, and the CBI has stated that this will raise the value. Ergo, the value of the money supply must fall. [post 2 of 2]
7-31-2015 Newshound Guru Enorrste Article quotes: "...in the process of printing banknotes category 50 000 dinars to put forward in the Iraqi market early next month..." "2016 will see a new printing papers 100 000 dinars class to put on the market," We should not expect to see the float begin prior to the issuance of the 100k notes, in my opinion. Things have, once again, slowed down. However, if the issuance of the 50K notes results in a stop to the fall of the dinar or even an approach of the street rate to the official rate, then the CBI might step up the introduction of the 100K notes to get the ball rolling faster upward in value. The big question is whether this plan will even work. If it is an even exchange only then there will be no change in the dinar value. If, on the other hand, they are able to reduce the total VALUE of the money supply through this plan then we should expect to see the dinar begin to rise in value. It is my opinion that they want to have some serious upward pressure on the dinar prior to initiating the float. If they can get locals away from dollars and into dinars then the demand for dinars will grow, putting that pressure into play. The big question is: IF. [post 1 of 2....stay tuned]
Read more: http://www.dinarguru.com/#ixzz3jSbGLhAg
8-20-2015 Intel/Newshound Guru tman23 The reason oil is down is because manufacturing is down...The worlds economies are in deep S***! The start of October is the beginning of the development rollout for global infrastructure...instead of it being billions invested it is being escalated into the trillions... I posted in the past that June was the end of the road... Since that time Iraq was given until October 1st to get their s..... together...That is July -August-September...a 90 day time frame...a time that requires letter of credit payments... Im not going into detail on that subject...but know that the time is real... And many argue that Iraq does not follow time frames and I agree...but the developed countries do and Iraq can find itself left behind...Cuba being opened is for a reason... there is an economic shift coming and we hope we speculated right with the IQD... This is not conspiracy stuff.
8-20-2015 Newshound Guru Millionday [have you come across anything concerning money laundering law?] THE MONEY LAUNDERING LAW IS DONE...HUGE ANNOUNCEMENT. [Is there any news on the HCL yet?] THE HCL WAS ANNOUNCED TO BE VERY EASY DUE TO ITS CONSTITUTIONAL AND POLITICAL AGREEMENT PARALLEL...IT IS IN PARLIAMENT AND I BELIEVE READ TWICE -- THIS LEAVES VOTE.
8-20-2015 Newshound Guru Adam Montana [For their everyday operation and financial business, Is Iraq using their money or are they using the dollar? Seems that if they are using the dollar then we must still be supporting them financially. If that's the case then they don't really need to be concerned about the Dinar's value.] The CBI runs auctions and uses the dollar to balance the rate. From an RV standpoint it really doesn't matter that they are using USD and IQD. All that matters is where the CBI sets the rate, because that determines how many USD we get for each Dinar. Long story short - their use of USD is not a bad thing for us.
8-20-2015 Newshound Guru My Ladies IF WE REMEMBER THE CBI EXPLAINING TO US THE 3 CURRENCIES THEY SAID THEY WILL ALL RUN TOGETHER FOR 10 YEARS. WHAT ARE THOSE 3 CURRENCIES? THE CURRENCY THEY HAVE NOW, AND THEN THE 50K AND 100K IS NUMBER 2 AND THEN THE PERMANENT ONE WILL BE #3.
8-20-2015 Newshound Guru Arthur It should now be blatantly obvious that the one missing piece to the whole RV puzzle is the lack of a Hydrocarbon Law (HCL) in Iraq to release the budget funds to the provinces as well as a myriad other items that the HCL benefits. In light of where we are in the process we can now release breaking news gathered from sources within the process. Without going into too much minute details, the delay in the full blown release of the next round of reforms was, among other things due to the instability in the political arena in the Kurdistan region. We have information that much of that has now reached a sufficient point of closure that the next round of reforms, including the HCL is now in imminent status with the signing of some documents and release by the PTB. We are now in a countdown to the full blown economic reform introducing the Iraqi dinar to the international community.
8-20-2015 Newshound/Intel Guru BGG "Nuri al-Maliki, who is currently in Tehran in addition to the issue of facilitating the delivery of Mosul to state regulation facing charges of laundering more funds management process in the history of Iraq." Maliki was involved in the largest money laundering operation in Iraq. This piece - in my mind, is the part that will ultimately wind up ending Maliki...the rest he can argue as "partisan", retribution, or whatever...but stealing directly from the CBI isn't something that Iran (or anyone else) will be able to save him from. This IS BAD...not to say that all the other atrocious crimes aren't every bit as bad - but this goes to the very heart of Iraq's current financial crisis. This is the thing the people are demonstrating over.
8-20-2015 Intel/Newshound Guru Backdoc WE ALL HAVE TO BE SO ENCOURAGED BY THE REFORM PROGRESS OCCURRING AT BLINDING SPEED. WELCOME TO DEMOCRACY IRAQ! WITH IRAQI INTERNATIONAL BONDS ABOUT TO BE SOLD A RATE APPEARS TO BE A CERTAINTY IN THE NEXT FEW DAYS OR WEEKS. SO WHEN WILL THE BONDS BE SOLD? THAT DECISION AGAIN SEEMS TO BE IN THE COURT OF THE IMF.
8-20-2015 Newshound Guru My Ladies SO ALL OF THIS AND NOW THE IMF HOLDING ON THE BASKET IMPLEMENTATION TELLS US THAT WE SHOULD SEE AN EXCHANGE RATE NOW-ISH WITH A DOLLAR PEG ON PAR WITH THE INDEX AND THEN LATER WHEN EVERYONE BEGINS THE SWITCH TO THE SDR THEY WILL HAVE TO DO WHAT? [Do not let go of your dinar until it depegs from the usd and pegs to the sdr next year.] RIGHT...SO THE MORAL OF THE STORY HERE IS DO NOT EXCHANGE YOUR DINAR ALL AT ONCE! THEY ARE TELLING US THEY NEED UNTIL 2017... IMF IS TELLING US THEY NEED UNTIL, THE END OF 2016 IRAQ NEEDS TO PUT ON TRAINING WHEELS AND BECOME CONVERTIBLE NOW SO THEY WILL DO THAT WITH A DOLLAR PEG, BUT THEN LATER WHEN THEY HAVE ALL THEIR CORRECT CURRENCY AND ARE READY TO TAKE OFF THE TRAINING WHEELS THEY WILL PEG TO THE BASK AT A REALITY RATE REFLECTING THEIR GDP BY THEN AND THEY WILL HAVE A NEW PERMANENT RATE. WE SHOULD SEE A RATE NOW ISH BUT NOT A SDR VALUE UNTIL THEY SWITCH PEGS...A 2 STEP PROCESS. [with a peg to USD at par would be $1 IQD to $1 USD right?] WELL SORT OF...BUT I THINK THE INDEX IS 0.98 NOW. [post 2 of 2]
8-20-2015 Newshound Guru My Ladies Press Release: "2015 ARTICLE IV CONSULTATION...STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ." Quote: “...commitment to maintain the exchange rate peg...They also welcomed the steps taken to liberalize the foreign exchange market and urged the removal of remaining exchange restrictions and multiple currency practice as external conditions evolve.” SO WE KNOW THEY ARE GOING TO MAINTAIN THE DOLLAR PEG RIGHT? SO WHAT DOES THIS MEAN? WELL WE KNOW THEY NEED TO BE INTERNATIONAL TO GET THE BONDS DONE...AND WE KNOW THEY NEED CUSTODIANS TO TRADE THE ISX...AND WE KNOW THEY ARE COMMITTING TO REVIVE THE PLAN OF REDENOMINATION...WE NOW KNOW THEY WILL KEEP THE DOLLAR PEG... SO IF THEY ARE GOING TO SETTLE IN THE DINAR THEN THE EXCHANGE HAS TO BE ON PAR WITH THE INDEX RIGHT AND IRAQ IS TELLING US THEMSELVES THEY WILL NEED UNTIL 2017 SOMETIME TO BE DONE WITH CURRENCY REFORM RIGHT? [post 1 of 2....stay tuned]
8-20-2015 Newshound/Intel Guru BGG IMHO - there is way, way, WAY too much corruption for Maliki to not face some kind of a direct criminal action - this bit about stealing directly from the CBI is very damaging - they wouldn't be talking about it publicly unless they had the "goods"...the next few days could be very exciting.
8-20-2015 Newshound Guru My Ladies Article: "August 18, 2015 Invitation to Iraqi banks and the Arab and international banks to apply for the implementation of the Custodian service in Iraq Stock Exchange" ISX CAN NOT BE AVAILABLE TO THE INTERNATIONAL CLIENT WITHOUT A MERRILL, OR MORGAN OR GOLDMAN...BASICALLY IN A NUT SHELL A CUSTODIAN. THEY ARE TAKING IN CUSTODIANS NOW AND THEY WILL NOT DO THAT FOR SOMETHING THAT IS LIGHT YEARS DOWN THE ROAD. THEY NEED CUSTODIANS NOW TODAY! RIGHT NOW... [I saw a US News and World Report article about it as well as AP and Reuters.] YEP AND IN THAT ARTICLE THEY SAID IRAQ WAS GOING TO REVIVE THE PLAN TO REDENOMINATE THEIR CURRENCY. 8-19-2015 Newshound Guru Adam Montana [For a long while I heard that over half of the HCL was done, but it is still a HCA. Is it in front of Parliament or are the Tarriff Laws and people getting Fired more important?] In my opinion, the HCL is going to be done as quick as the actual RV - it won't get back in front of Parliament until they are sure they are going to pass it, and pass it quickly. I'm not the only one who believes the HCL is the last key to seeing the RV, which leads me to think that it will be a 1-2 deal. Go HCL, then go RV.
8-19-2015 Intel/Newshound Guru tman23 The NEW CBI website is extra special...and it is proof that change is about to occur... The Kurdistan Government secured the domain .KRG and has given until October 15th for all registered business to secure their domain...and then it is open to public. The reality of the IQD speculation is going to come to light... All we can do is wait and see if we speculated correctly and it delivers the ludicrous profits we all hope for. When the iisd...international institute for sustainable development...held by the general assembly of the united nations...finishes it's meetings then the money will be released...this is what I was told...And that you can bank on!
8-19-2015 Newshound Guru Millionday Banking Report: "Call for cooperation and integration of global economies" THIS WAS THE TITLE OF THE BANKING REPORT...HOW GOOD IS THAT... THE...REPORT...SHOWS INTERNATIONAL COMPLIANCE AND ALL BANKING ROLES BEING ACTIVATED. THEY HAVE A TEAM SET FOR THE ACTUAL RELEASE OF THE ECONOMIC REFORMS. THE BANKS ARE THE VERY FRONT OF THE ECONOMIC PROCESS FOR IRAQ...THEY HAVE TO MAKE EVERY STEP COUNT TO BRING BACK THE NATION AS PLANNED.
8-19-2015 Newshound Guru Adam Montana Well, I hate to keep harping on the same thing week after week, so I'm keeping it simple today. No HCL, No RV. Give me an HCL, and we are back in business quicker than you can say "lickity split"!
8-19-2015 Intel Guru Mnt Goat WOW! I can hardly believe the news this week so far. So much news this week. Are we really on the track to finally see the project to delete the zeros from the currency and get our RV? Seems that way. So the news of this week is the coming of the second set of reforms as Abadi promised. We are beginning to see these new reforms (phase II) take shape. Be patient I believe the redenomination meaning the deletion of the zeroes is in this second set of reforms.
8-19-2015 Intel/Newshound Guru tman23 Actually what we are seeing is not at all surprising... June was the end of the road...and we are witnessing the change of dynamics in warp speed...There is a time limit and it is Oct 1st... But there are a host of world events tied into this timeline ...which are quite coincidental if you believe in such! ...there are so many documents that were set with this date from different resources.
8-19-2015 Newshound/Intel Guru BGG Article quote: "...the mini-financial committee set up by Parliament to follow up on money laundering in the central bank file or transfer large sums of money out of the country accuse Maliki of being behind it." Stunning news...Maliki was involved in the largest money laundering operation in Iraq...they actually pinned the Money Laundering / Embezzlement directly from the CBI ON HIM!!
8-19-2015 Newshound Guru Kaperoni Article: "Jubouri: The second package of reforms will contain a lot of detailed important decisions" We can see now that these various committees are being formed to present to the PM reforms. And the second package appears to begin to including banking reforms..specifically mentioned here "guarantee deposits." This brings me to the committee that met yesterday discussing the currency... We could be seeing the beginning of many steps to improve the economy, strengthen the banking system and improve the value of the currency. It will be interesting to watch these packages of reforms over the next several weeks and how they are implemented.
8-19-2015 Newshound Guru Millionday ABADI HAS POSTPONED HIS CHINA VISIT TO ACTIVATE REFORMS...THE TRIP TO CHINA...WAS TO BE IN THE MIDDLE OF REFORM ACTIVATION... RIGHT NOW ALL THAT IS IMPORTANT TO ABADI IS TERRORISM AND THE ACTIVATION OF THE REFORMS. THE GOAL IS THE FIRST OF THE MONTH...SEPT 1ST ACCORDING TO REPORT...FOR THE REFORMS TO BE ESTABLISHED... HE DID NOT SPECIFY JUST SOME REFORMS -- IMO -- HE IS STATING ALL REFORMS AS THEY [THE REFORMS] WORK TOGETHER.
8-18-2015 Newshound Guru wmawhite [...will those bonds be in Dinar...or USD? the international ones?] The article...reports in IQD. [is redenominate the same thing as a LOP?] No...Understanding this, ...a LOP would be going in the opposite direction. Try to understand when a country LOP it is under huge inflation and the currency is losing value daily. Iraq has very little inflation and even the biggest critic will admit that the value of the IQD is much greater than 1166. [post 2 of 2]
8-18-2015 Newshound Guru wmawhite Well, well ,well...now the U.S. News and World Report is reporting the same thing:.."US News & World Report - Iraqi selling intl bonds and redominating currency...Reacting to the crisis, Iraq plans to issues bonds worth $7 billion — $5 billion in international bonds... Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes, said Ihsan Shamran al-Yassiri, the head of Iraq Central Bank Issuing and Vaults Department" the significance is that the IQD will be on the bond market. The bond market is twice the size of all of the world's stock markets combined. when the IQD is on the bond market the individual bonds are able to move freely. This is the first step of the IQD reentering the world currency markets. Exciting and nice news. [post 1 of 2....stay tuned]
8-18-2015 Intel Guru Frank26 The Monetary Reform remains in front of us. It is our opinion that Dr. S [Shabibi] will be returning but we just don't know when. Again, IOO (In Our Opinion) the reforms will need an RI to start them. From the article earlier today, "Let it Float"....this will put things in the hands of the international world and with this will come a faster rise in the rate...IOO. With the actions being taken by PM Abadi in the form of his reforms expect to see the removal of many things, people, policies, laws, etc. he will make sure that nothing stands in the way of his reforms as we move forward.
8-18-2015 Intel/Newshound Guru tman23 The new currency must come first as a prelude to the deletion of the 3 zeros from the currency... This is the biggest statement ever made yet so often overlooked! If they are speaking of new lower denoms, then they would need a rate other then 1166...and if they come first, then the 3 zero notes will carry high value before removing the 3 zeros at the exchange window...what is the time limit...72 hrs...7 days...who knows...but it is possible! The other scenario is seeing a 50,000 note come in October...if that hits the streets then it is not looking good no matter how anyone tries to spin it... Make no mistake...the world is on the edge of financial disasters... it is real and live! There are 33 consulates now opened in Erbil... All these countries are lining up at the feeding trough...IMO it is bigger then Iraq...something BIG is being prepared... and TIME IS A FACTOR!
8-18-2015 Newshound My Ladies Aritcle quote: "Iraq hired banks for its first international bond issue in almost a decade, seeking $6 billion to help plug a widening fiscal deficit." Quote: "The country plans to meet with international investors as soon as next month, said two people familiar with the program, asking not to be identified because the talks are private." WE HAVE CONFIRMATION FOR NEXT MONTH FOR THE SALE...THIS IS PROMISING.
8-18-2015 Newshound Guru Kaperoni Article quote: "Iraqi Center for Development and Media systems and in coordination with the Office of the Prime Minister workshop economic entitled (to float the Iraqi dinar and its impact on the economy)... discussed the workshop the importance of the advancement of the Iraqi economic reality and its impact on the Iraqi citizen, where participants put forward many ideas and perceptions that the Iraqi government included in the economic reform plan, including the issue of the float of the Iraqi dinar..." it's not new...its the decision that was made a few years back over the previous plan (which may have been a LOP) and to go to a more gradual appreciation as stated in the 2013 Article IV Consultation. This panel may just be reviewing the conditions, circumstances, etc to see if the timing is appropriate for the CBI to act. Who knows, but the discussion is good anyway you look at it.
8-18-2015 Newshound Guru Breitling They [the CBI] are telling business and local banks to stop doing business with Iran…the main reason why is they [Iran] are trying to pump US dollars into iraq because they know they [Iraq] are trying to add value to the dinar and they [Iran] know one of the tools to keep the value of the dinar down was the US dollar…it's a back door confirmation of what the intent is of what Iraq wants to do. They are cutting Iran off at the knees. It's one thing if the CBI can scoop up those dollars and put them into the reserves…that's a good thing but there is so much that they're having a problem with it. And it will keep the value of the dinar down if they don't tackle it.
8-18-2015 Newshound/Intel Guru BGG Article quote: "President of the parliamentary Economic Committee, Dr. Haitham al-Jabouri, an elite group of advisers, experts and academics...included within the plan of economic reforms and the issue of Iraqi dinar to float where participants set Of recommendations to be submitted to the Office of the Prime Minister." Keep in mind...though high powered - this is a group of experts who got together and talked things over...(not the Gov of CBI or PM)...and are (or have) forwarding their idea(s) to Abadi...I am not sure "float" is the singular though - it is not impossible they could be talking about the IQD "going up"...My point is this - the translation "float" could be easily better "characterized" as "going up"...That is the STUNNER... [Do you think its possible they still haven't decided how they are going to do this? meaning open to suggestions?] For sure - they haven't even fully regained control of their own CBI yet... anything is possible. more than whatever it is they are saying - is the "weirdly coincidental" timing of these few articles coming out...right around this "period of reform" by Abadi...this seems to be a time of "rapid change" - so things could unfold very, very quickly.
8-18-2015 Intel Guru Frank26 Tomorrow [Tuesday], YOU ARE GOING TO SEE UGLINESS...change is coming and it will be BRUTAL UGLY…BUT IT STARTED... The reform is going to be brutal starting tomorrow that’s necessary... This time this cleaning is really at a warped speed…we’re talking DAYS…and it’s leading us to OCTOBER 1ST. We feel that to be a deadline for the currency reform under the umbrella of the monetary reformations that lead to the lifting of the 000’s. [post 3 of 3]
8-18-2015 Intel Guru Frank26 Let me talk about a BLACK LIST...it’s about removing the 000’s. THEY CAN PUT THEM ON THE BLACKLIST – if we don’t see anything in a monetary reform change…the currency will be put on a black list – ...if it doesn’t happen by Oct. 1st... it would be disastrous for the monetary reform... The international currency is the ONLY SOLUTION TO AVOID BEING PUT ON A BLACK LIST, IMO. There’s lots of soldiers that are in Iraq to protect the new government. It’s going to become a democratic country – Insurgents don’t like that hipocrasy as long as they work with the new government. Our boots on the ground is to protect a new justice that’s about to come to bear. JUSTICE….and the reinstatement of many reforms. [post 2 of 3....stay tuned]
8-18-2015 Intel Guru Frank26 ...on Tuesday our teams called us and said...the only way to get the MR [Monetary Reform] is for Mr. S [Shabibi] to come back! In my strong opinion, Dr. Shabibi has been the quarter back, but... Dr. S said two years ago I got kicked out by Maliki – do you think I’m going to come back while he’s there? Of course not. Six months ago, Abadi asked Dr. Shabibi to come back – but he said not under these conditions. Once I know the banks are secure and Aleck gone and get rid of Maliki’s son too...Dr. Shabibi said if you BUILD THIS FOR ME, I’ll be back...and I see that you’ve built what I want. ...SOCIAL MEDIA, YOUTUBE…you can find "keywords" there...when you see "KEYWORD" substitute DR. SHABIBI...IMO. Speculation of Dr. Shabibi being arrested...That’s BS. [post 1 of 3....stay tuned] 8-17-2015 Newshound Guru Millionday Article quote: "...economist member of the Baghdad forum Amer Jeweler for the purpose of implementation of the reform professionalism and rigorous and serious action to achieve meaningful actual results immediately reflected on the economy and the citizen and the future of the country..." JEWELER IS REQUESTING FOR ALL ECONOMISTS TO ABADI THAT THE BEST EXPERTS ARE IN PLACE FOR THE REFORM PACKAGE ACTIVATION SO NO MISTAKES ARE MADE. THE REFORMS MUST BE DONE PROFESSIONALLY ENOUGH THAT THEY PRODUCE AN IMMEDIATE RESULT ON THE ECONOMY. ["PRODUCE AN IMMEDIATE RESULT ON THE ECONOMY" and "LARGE FOOTPRINT (IMPACT)" These don't sound like slowly rate increase to me; these sound like a...RV overnight.] IT SOUNDS LIKE THEY ARE HOPING FOR AND EVEN HAVE PLANNED FOR IN THE REFORMS A HUGE IMPACT TO THE ECONOMY ---VERY ENCOURAGING AND EXCITING TO SEE THE REPORTS.
8-17-2015 Newshound Guru Kaperoni Article quote: "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market." This guy is...saying we need to get rid of our 3 zeros notes and go with notes without zeros like the old days where 25 dinar was worth $75. There is not talk in the article on the process or how to achieve this and any talk of a LOP is stupid....Iraq is not a candidate for such an event. The plan has been very well documented, from the IMF, to economists to even the CBI. Relax!
8-17-2015 Intel/Newshound Guru Poppy3 TOLD YA'LL...WHAT THE OFFICIAL WORDS WERE AND NOT ANYTHING EVER BEEN SAID BY ANY OFFICIAL SINCE THEN...$3.22 PLUS UP TO 20% MORE FOR INFLATION WHICH COULD ADD UP TO .64 CENTS MORE. NOW FOR ALL THOSE THINKING THEY WILL COME OUT LOW AND GO UP ASK THEM TO SHOW YOU ANYTHING FROM THE PEOPLE THAT ACTUALLY HAVE Anything to do with setting the rate HAS SAID ANYTHING DIFFERENT. THEY CAN'T. IT'S NEVER HAPPENED...WOULD A LOW RATE BE $3.22 AND NOT ADD ANY INFLATION RATE TO IT? FOOD FOR YOUR THOUGHTS. ...JUST THE FACTS...ONLY STATED FACTS BY THE DIRECT PEOPLE THAT SET THE RATE.
8-17-2015 Newshound Guru Chattels Until Iraq has control of it's borders and DAESH has been ousted from Fallujah, Ramadi and Mosul, I have little expectation of any significant increase in the value of the dinar. And it may be some time before Iraq is RELATIVELY safe, secure and stable.
8-17-2015 Newshound Guru wmawhite The discussion about what type of notes are used on the streets is totally different from a discussion about the yet to be announced international exchange rate. There will be one international exchange rate for the IQD which is only applicable outside the country. That will in turn determine the type and size of the note to be used in country. Folks, what you can take away from this discussion and that article is that the citizens are being told to expect changes in the currency they will use on the streets and why? Because, the IQD will be put on the world currency market and the new value of the IQD will affect the type of note they will use inside Iraq. Plain and simple. [If the IQD does float, will there be value added & then it floats or will it float from 1166? If it floats from 1166 will there be demand for the IQD at that level?] The CBI will never tell what they will do until after it is implemented. We will know the same time the rest of the world currency markets know. [post 2 of 2]
8-17-2015 Newshound Guru wmawhite Article quote: "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market." ...out in the communities the local shops take both the USD and IQD...they prefer the USD. Currently, the 25K is equal to $22.35, but the shop owners do not make change so they see the 25K note as $25.00. So that article was telling the citizens that they should expect to have additional purchasing power equal to $75.00 where it used to be only $25.00...additionally, they are being reminded that the large notes will gradually go away...but they will have 3 times the purchasing power. the CBI has over and over emphaized that the three zeros notes will continue to be legal tender...but has to [as the?] prices in the economy are reduced the need for the large notes go away and are replaced with LDs. [post 1 of 2....stay tuned]
8-17-2015 Newshound Guru Kaperoni Article quote: "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market." ...there is no discussion in this article on the "process" which we know is not a LOP, but a gradual appreciation.
8-17-2015 Newshound Guru Millionday [when they reinstate the tariffs do you think they will need the exchange/or new rate before they implement the tariffs?] THE TARIFFS ARE A % BUT FOR GLOBAL TRADE -- MARKET ECONOMY THEY NEED TO HAVE PRICING SET FOR IRAQ TO HAVE INTERNATIONAL COMPLIANCE WITH FAIR TRADE ETC.
8-17-2015 Newshound Guru Aggiedad77 Article: "Investors Leery of Upcoming Iraqi Bond Despite New Credit Rating" When these bonds are floated onto the market my bet is they will be scarfed up as quick as they come into play...the Fitch rating if it still exists at that level will not hold back those who are interested in investing...this is a high stakes high risk game and there will be those rollers who feel the dice are hot in favor of Iraq right now and they will put big money into play for the potential to win big...bigger than seen in recent years...watch for it...times are exciting.
8-17-2015 Intel/Newshound Guru Poppy3 Article quote: "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75..." IN OCT. 2010 THE IMF POSTED ON THEIR WEB SITE THAT AGREEMENT WITH IRAQ WAS REACHED ON THE EXCHANGE RATE OF THE DINAR ( 4 YRS AGO ) OF $3.22 AND POSSIBLY UP TO 20% FOR INFLATION OVER THE TIME OF THE WAR WHICH HAS RISEN HIGHLY OVER THE LAST 4 YEARS. THIS IS OLD NEWS TO THOSE OF US THAT HAVE ONLY LISTENED TO THE AUTHORITY FOR INFORMATION. YES IT IS EXCITING TO SEE ALL IS STILL THE SAME AND NOW ACTIONS ARE SHOWING IT IS HAPPENING.
8-17-2015 Newshound Guru wmawhite Article quote: "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75..." ...this is telling the citizens that the 25K note that is currently treated as $25 in the shops will be worth $75 in the future. This is very good.
8-17-2015 Newshound Guru Millionday [and so we care...why?] BECAUSE THE IMPACT OF THE REMOVAL IS ALSO THE EXCHANGE OF ALL DINAR -- INSIDE AND OUT OF THE COUNTRY AND WILL ALSO DETERMINE THE EXCHANGE RATES TO ALL COUNTRIES. THE RESULT THIS BRINGS IS EXCITING TO US. THE EXCHANGE REGULATIONS WILL BE RELEASED --- TIMING ETC THAT THEY HAVE SET -- AND THE DINAR WILL BE SOLD FOR WHATEVER INTERNATIONAL VALUE THERE IS...THIS IS HUGE HUGE AS THIS IS ALL PART OF THE EXCHANGE OF THE DINAR. [when is the deleting of zeros going to happen?] THIS SAYS THE CONDITION FOR IT HAS BEEN ACHIEVED -- SO ANYTIME ACCORDING TO THE REPORT. [post 3 of 3]
8-17-2015 Newshound Guru Millionday THIS IS TO THE CITIZENS AND SHOWING THEM THE VALUE OF THE BUYING VALUE THAT WILL COME FROM THE REMOVAL OF THE THREE ZEROS -- THIS IS A HUGE RISE IN IRAQ BUT IS NOT THE RELEASED INTERNATIONAL VALUE OF THE EXCHANGE RATE -- IT IS AN EXPLANATION OF THE BUYING POWER OF THEIR DINAR IN COUNTRY AND IS HUGE...I DONT WANT YOU TO CONFUSE THE TWO THIS IS A HUGE LEAP IN THEIR ECONOMY AND WILL MAKE THE DINAR MUCH MORE POWERFUL BUT NOT THE MATH FOR THE EXCHANGE RATE HERE BUT THE RESULT IS THE IMPACT ON THE INTERNATIONAL RATES WHEN THEY ENTER THE MARKET ECONOMY -- THAT DETERMINES THE COST OF THE VALUABLE DINAR TO EVERYONE AND THE PRICE OF EXCHANGE ETC GREAT --- THIS IS GOOD NEWS BUT NOT A VALUE ON FOREX TO US OR ANYONE ELSE. [post 2 of 3....stay tuned]
8-17-2015 Newshound Guru Millionday THE DELETION OF THE THREE ZERO CURRENCY WAS SUPPOSED TO OCCUR 4 YEARS AGO... SHABIBI WAS SUPPOSED TO MOVE FORWARD WITH IT BUT WAS UNABLE TO HOLD THE PROPER POSITION TO ACTIVATE -- NOW ANOTHER IS GOING TO DO IT...DUE TO >>>APPROPRIATE CONDITIONS ---WHOOPOW. NOW HOLD YOUR HAT AND GET YOUR MATH HAT ON...HERE IT COMES... Quote: "He explained that "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75..." ACCORDING TO THIS IT IS SAYING 25K WILL BRING 75$ WITH THE EXCHANGE...NO GUARANTEES...IT IS NOT A PROMISE JUST A REPORT [post 1 of 3....stay tuned] 8-16-2015 Newshound/Intel Guru BGG Article quote: "He explained that "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market." Did this guy just say 3:1? Sounds like what he is trying to say...Wow?!? Not that I agree - but that sounds like what he is saying. [why do you not agree?] current conditions...seems like a big jump... I am a spectator and will be happy with added value...My dream is added value - a move, because once it goes "we're in"! and it is very odd timing this kind of OP ED by economists are coming out RIGHT AFTER Maliki is being dealt with...that is more curious to me than the numbers - the timing.
8-16-2015 Newshound Guru Kaperoni Article: "Economist: deletion of zeros from the currency will reduce the dollar traded in the local market" Quote: "He explained that "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market." He wants a $3+ exchange rate.
8-16-2015 Intel/Newshound Guru Poppy3 I LIKE HE HAS BEEN STRATEGIC IN HIS REMOVAL SO FAR. HE DOESNT MOVE TILL HE HAS HIS SUPPORT AND DUCKS IN A ROW. THATS GREAT. [And a major threat from the world bank.] WELL THE WORLD BANK HAS HISTORICALLY BEEN VERY LENIENT BUT THE PRESSURE IS ON TO SHOW ACTION. [At least Abadi is taking it seriously.] ...HE IS AND HAS BEEN SERIOUS EVERYDAY SINCE HE TOOK OVER. HE HAD THE GOI AND PARLIAMENT WORK 5 MONTHS STRAIGHT WITHOUT A DAY OFF...SAID THEY WOULD NOT STOP PROGRESS TILL ALL IS COMPLETED INCLUDING ALL FINANCIAL REFORM INCLUDING THE NEW RATE. [...after waiting all these years i have never felt more promising of this currency especially in the last year.] ME ALSO. [post 2 of 2]
8-16-2015 Intel/Newshound Guru Poppy3 VERY, VERY GOOD ABADI IS ELIMINATING OBSTACLES HE SHOULD HAVE DONE LONG AGO BUT WASNT POSITIONED TO DO SO TILL NOW. MOVES HAVE ALL BEEN IN OUR FAVOR. VERY ENCOURAGING DAILY. I AM RELAXED AND JUST WATCHING THEIR MOVES AND ACTIONS. [How long do you think it will be before they get rid of Alalak?] I AM SURE THAT WILL BE ONE OF THE NEXT MOVES. I THINK HE WILL NEED PARLIAMENT COMMITTEE AND MAYBE A VOTE (NOT SURE YET) I ALSO EXPECT HE WILL WANT A PERMANENT REPLACEMENT READY AT THE SAME TIME. WE WILL SEE VERY SOON I THINK. [post 1 of 2....stay tuned]
8-16-2015 Intel Guru Jester [...is there any hope for the dinar? ...is the dinar a scam like some are saying?] I NEVER SAID THAT... BUT I AM NOT ON THE BS TRAIN TELLING IT WILL HAPPEN TOMORROW EITHER...THERE IS...ALWAYS HOPE...BUT YOU GUYS HAVE TO LISTEN TO ME ON THIS...IT IS GOING TO BE A WHILE...I HAVE BEEN RIGHT ON THAT BEFORE...
8-16-2015 Newshound Guru tlm724 Article quote: "Jubouri: The second package of reforms will contain detailed a lot of important decisions" Quote: "...al-Jubouri that the second package of reforms will contain a lot of detailed important decisions...that the second package of reforms will be more detailed, more mature and clearer than the first package, noting that this package will not be the last, but there will be a third package" ...so three packages of reforms, didn't think they could all they need to do in just one.
8-16-2015 Newshound Guru Aggiedad77 Article: "Economist: deletion of zeros from the currency will reduce the dollar traded in the local market" It would appear that we have a case of apples and oranges here...they don't mix too well when put into a case...it was either designed for apples or for oranges, but as a mix, the lid just won't close properly. We even see the use of Dr. S [Shabibi] name here...saying he was ready four years ago but the project was delayed as they awaited the correct conditions...then we witnessed the ouster of Dr. S from his position as Governor of the CBI and we believe opportunities have been squandered ever since. Well the time grows ripe again...will we see the return of Dr. S with the ouster today of keywords from his position as "acting" governor of the CBI...a job that apparently he hasn't done too well in the eyes of PM Abadi. Remember who appointed him...the removal of the 000's was Dr. S's baby...his project...but not in this manner or fashion...only the truth in action here will set any of us free...and as part of that truth keep in mind this is one person's opinion...and he is not a part of the process that will bring Dr. S's project to fruition.
8-16-2015 Newshound Guru Chattels [Is Maliki still...VP office or in Iran?] Abadi has the power to remove him with the consent of Parliament under Article 78 of the constitution. That appears to be done. The constitutional question relates to the abolishment of ALL VP positions I think. The constitution requires one according to Visser. The more poignant question for me at the moment is whether there is a ban on travel or not and if so then how did Maliki leave? We need to hear from Abadi it seems to me. As to his being in Iran, it appears that he is there and will be for an unknown period of time. Bottom line, Abadi may not have control of the situation. I have opined that it appears that Maliki is "gone" as far as Abadi is concerned and maybe is going, going, but not gone yet. I doubt that Mr. Maliki has much do do with our liquidity event at this point in time.
8-16-2015 Newshound Guru firefly This is a VERY complicated process. Watch for events not dates. [...what events should we be watching for now?] I'm looking for the IMPLEMENTATION of certain laws...Necessary for the reform to succeed without flaw. [Mosal and Anbar, International Law, Tarriffs, Amnesty, Implementation...] and a few more! The anti money laundering law is crucial...Investment Law! Tariffs will probably be after the fact IMO. ...the meeting last Saturday went extremely well! Everything started moving at lightning speed on Sunday correct? I'm focused on Abadi and the CBI...period... end of story. [how much time you think...?] I will not do dates or windows...but SOON has an entirely new meaning now IMO.
8-16-2015 Newshound Guru Millionday THEY ARE TELLING THE CITIZENS THAT HUGE CHANGES ARE COMING FROM THE REFORMS FOR THEM. ...ABADI SAID THERE WAS ANOTHER SET OF REFORMS COMING HOPEFULLY SATURDAY IF I REMEMBER CORRECTLY. ...WE KNOW THAT THE CITIZENS HAVE BEEN DEMONSTRATING FOR A LONG TIME DEMANDING THE REFORMS. [is it Sat as today Aug 15th? or Sat as Aug 22nd?] I BELIEVE THIS SATURDAY -- I DONT SEE ITS ANNOUNCEMENT HOWEVER.
8-16-2015 Newshound Guru tlm724 ...the second package of reforms that Prime Minister Haider al-Abadi wants to implement, will be launched very soon, where he is currently being prepared for this package, and that will not be the last...more reforms coming! ...with the full backing of the supreme religious leaders and the judiciary he will get this done! 8-15-2015 Intel Guru Frank26 ...Told You already that IMO DRS [Dr. Shabibi] will soon return ...Come back to the CBI. IMO..."Wait for it." He will make the loudest explosion soon enough. He is not in Iraq at the moment.
8-15-2015 Newshound Guru sczin11 FOR THE FIRST TIME IN THE LAST 13 YEARS, THAT I AM AWARE OF, THE INTERNATIONAL COMMUNITY OF WATCHDOGS AND SUPPORTERS, HAS GIVEN ULTIMATUMS THAT IMHO, IRAQ DOESNT WANT TO CALL THEIR BLUFFS ON...IRAQ , WHILE A WEALTHY NATION ON PAPER, NEEDS ALL THE SUPPORT NOW, THEY CAN GET...FOR THEIR PEOPLE...FOR THEIR PROSPERITY..AND THEIR RELIGIOUS LEADERS HAVE STEPPED UP TO THE PLATE...AS MOST OF YOU KNOW, THAT SPEAKS VOLUMES IN MIDDLE EASTERN CULTURE AND GOVT WORKINGS.
8-15-2015 Newshound Guru tlm724 Article quote: "Iraqi Prime Minister Haider al-Abadi has sent two letters to the Integrity Commission to have this commission immediately begin investigating on a number of corruption files" I have been waiting for this! Quote: "According to these sources Haider al-Abadi has emphasized on opening the corruption files of Ahmad Maliki, the son of Maliki. Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi has also been ordered..." that doesn't mean it's so but we need to watch for any further developments! all institutions are under the spot light and lets not forget that Maliki appointed Ali Alak as CBI governor after Turki.
8-15-2015 Newshound Guru Millionday Article quotes: "Iraqi Prime Minister Haider al-Abadi has sent two letters to the Integrity Commission to have this commission immediately begin investigating on a number of corruption files regarding Nouri Maliki and Baha al-Araji." "Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi has also been ordered, according to al-Baghdadiya." SO OBVIOUSLY WE WILL HAVE TO SEE WHERE THIS GOES -- SO I WILL SAY THE ONLY WAY THIS CAN BE VERIFIED IS THROUGH ACTION. [Did I read that correctly!? "Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi has also been ordered..." I thought Abadi helped Dr. S to get out of charges late last year?] THE HEAD OF CBI IS APPOINTED BUT WE HAVE SEEN THIS BEFORE -- WE WILL HAVE TO SEE WHERE IT GOES WITH SHABIBI -- I CAN NOT VERIFY THIS.
8-15-20215 Intel Guru Mnt Goat I believe Abadi has a new target - that of the Judiciary and Court System of Iraq. Abadi must deal with the judiciary now in order to get some of these other laws passed and properly deal with much of the corruption. So how do you judiciously deal with corruption in your ministries if the court system itself is corrupt? ...Iraq had to be sorted out by Abadi and priorities placed, a plan was designed. He is taking on one bite at a time and being cautious. He now has support (and continues) to have support of the citizens in this work that lays ahead. We know without a shadow of a doubt that there will be no RV without Amnesty and other laws. This is given facts to us. So to get these needed laws implemented Abadi must clean up the crocked judiciary system (as well as his ministers). Abadi has gotten momentum from the protestors and so it is time now to move forward on these judicial reforms and we should all be jumping up and down with joy. We have waited soooo long for this to happen.
8-15-2015 Newshound Guru Millionday [So what part is yet to be done before they are ready to do the RV. I mean where do we fit in the scheme of things?] ONE OF THE REPORTS WE HAD ANNOUNCED THAT WITH THE REFORM LAW BEING PASSED THE IMPORTANT LAWS WERE PASSED TOO --- SO AT THIS POINT MANY THINGS ARE NOT BEING RELEASED -- WE DONT HAVE A DATE OR RATE AND HAVE NOT HAD ONE OR A GUARANTEE BUT --- SO MANY THINGS HAVE MOVED FORWARD FROM WHERE WE WERE --- HUGE PROGRESS.
8-15-2015 Newshound Guru Chattels [does Maliki still have a position officially?] not according to his former legal advisor and others. Maliki has been referred to as a "former official". 8-14-2015 Newshound Guru Millionday TRADE AGREEMENT WITH BRAZIL NEXT WEEK -- IT WILL BE INTERESTING TO SEE HOW ITS CALCULATED ETC WITH ITS IMPACT ON RATIONS. [I am wondering what currency they are signing the agreement in...?] IT WILL BE IN DINAR -- THE NEW REGULATION IS DINAR ONLY. THE AGREEMENT IS GREAT NEWS AND ALL THAT IS GOING ON INCLUDING THE REFORMS -- BUT WE DONT HAVE A DATE OF NEXT WEEK --- THIS IS WHEN THEY WILL MEET TO SIGN THE AGREEMENT --- BUT GREAT NEWS --PROGRESS.
8-14-2015 Newshound Guru firefly IMO Abadi and Shabibi are in the same boat. Each is paddling in unison towards one goal. Remember...it was Abadi that forced the courts to remove all previous charges brought on Shabibi from Maliki. Shabibi has NEVER been OFFICIALLY replaced...just a bunch of proxy (fillers) for the position. ...according to the old constitution...the CBI Governor had to be voted in by Parliament. Maliki to my understanding never had the power to appoint a permanent Governor.
8-14-2015 Newshound/Intel Guru BGG [How long do you think it will take to remove Alalak?] that is the last piece of the puzzle - if you are asking me - doesn't sound like long...there was also a SCATHING PIECE about Alak being a child and not at all qualified to be the Gov of the CBI. Quite honestly - the happenings in Iraq are breathtaking...there is a lot going on all at once. [The next week will be interesting to see how CBI plays out.] the next week should be very interesting indeed.
8-14-2015 Newshound Guru Millionday [Do you have any idea when they will implement the border tariffs and the International Bonds?] THEY HAVE STATED THIS MONTH BUT THE BEST WAY TO BE SURE IS TO WATCH IT HAPPEN IMO.
8-14-2015 Newshound Guru Chattels Article quote: "the meeting of a coalition of state law, which was held the evening of the first on Wednesday, led by al-Maliki and the presence of al-Abadi..." SO, MALIKI WAS NOT "GONE" AS OF WEDNESDAY EVENING AND NOW HE IS BEING QUOTED TODAY. NOT GONE,...YET. THOSE THAT SAY HE IS GONE ARE ATTEMPTING TO BE "AHEAD OF THE CURVE" AND ARE SENSATIONALIZING, IMO.
8-14-2015 Newshound Guru Aggiedad77 Dr. S will be picked up along the way as a couple of others are shown their exit...speaking of exits...will Maliki get to Tehran...I'm thinking no....too much rides on his going to trial.....if he goes to Tehran it is the same as him vanishing into thin air...Iraq will always be wondering when and where the snake will pop up again and in what capacity...he has done this before...he has trained his entire family to live in such a manner. [post 2 of 2]
8-14-2015 Newshound Guru Aggiedad77 Will PM Abadi actually make the trip to China next week...I don't think so...there is so much momentum going his way at the moment...he has created a firestorm with his initial round of reforms and they need to [be] pushed forward...plus he has another set waiting in the wings for the proper time...and I'm of the strongest opinion that timing is of the essence right now for him and for Iraq. I think for the next few weeks we will see Iraq kicked into a gear that we've never before thought capable for them...and the engineer driving the train will be none other than PM Abadi...he has a list and has checked it more than twice to know who has been corrupt or not...those who were will get a boot from the train. [post 1 of 2....stay tuned]
8-14-2015 Intel Guru Frank26 Oranges will eventually become...Valuable Apples. [And when will that be...] IMO...If no new rate by Oct 1 st...Then the dinar goes on a Black List.
8-14-2015 Newshound/Intel Guru BGG [...did I hear...that they are going to vote on all the laws next week?] 1st and 2nd reading of a couple of important laws and support for all the other Biggies to be done soon - is what it sounds like to me. here's part of the text. "It is said that the House of Representatives yesterday approved the government reforms, and other parliamentary direct legislation laws that the Constitution text on the necessity of legislation and to overcome what stands in general this legislation mechanisms and notably oil and gas law included, the political parties law, the Federal Supreme Court Law, the Law of Treaties, Law the Federation Council, the amnesty law and the laws of national reconciliation, including the National Guard Law"
8-14-2015 Newshound Guru Adam Montana [How does the new Iraqi credit rating help with the possible RV?] It doesn't necessarily help them to RV, but with that in progress it will do a lot of good for their economy and ability to move forward...especially after they RV.
8-14-2015 Newshound Guru firefly Iraq is HOT, and I'm not talking weather either! I don't think Iraq can wait much longer personally. They either do or they are going to be in world of hurt! I love the fact that Abadi is able to amend certain parts of the constitution now with the help of American experts...HUGE! I honestly don't see this going much further down the road. The pressure for completion is ON.
8-14-2015 Newshound Guru Millionday THEY STATED...THAT THEY VOTED IN ALL IMPORTANT LAWS... [So in other words we need to see the NR [National Reconciliation] meeting b/4 the revaluation of the dinar?] THE NR WILL BE IN BAGHDAD AND INCLUDE MANY WORLD LEADERS AND REGIONAL -- A SIGNING CEREMONY AND HUGE PARTY IT APPEARS...NOTHING SAYS THE NR WILL HOLD UP ANY CBI MOVES AND THE REFORMS ARE LAW --- SO NOT ACCORDING TO WHAT I HAVE SEEN IN INK. [do you think the reconciliation being completed and RV could happen at the same time?] IMO IT COULD HAPPEN AT ANYTIME...I JUST DON'T KNOW WHEN.
8-13-2015 Intel Guru Mnt Goat Reforms, reforms and more reforms. We see them in the banking sector, security sector, economic sector, area of reconciliation, inter-governmental and international trade (tariffs and customs), etc. Soon they will have to also complete the CURRENCY reforms we have long been waiting for very soon. It’s all coming to an end shortly. Be patient and give them time. Abadi has built up enough incredible confidence enough that they can now rid themselves of Maliki and his goons. Once he is gone they can move very quickly to where they need to go.
8-13-2015 Newshound Guru Millionday THE REFORMS BEING PASSED IS GOING TO OBVIOUSLY SUPPORT THE PRIVATE SECTOR AND ECONOMIC REALITY. ...REFORMS CAME WITH IMPLEMENTATION OF GOV PROGRAMS AS WELL...THEY EXPECT THE REFORMS TO ADVANCE THE ECONOMY...THEY NEED ALL LAWS FACED TODAY AND TOMORROW TO EXPEDITE THE MARKET ECONOMY AND THE REFORMS COMPLETELY.
8-13-2015 Newshound Guru wmawhite ...you ought to know the reason why PM Abadi is making all of these changes which is primarily cleaning up the corruption. And why is he doing this? Because unless he does the rest of the world will NOT do business with Iraq. If the world will not do business in Iraq then it doesn't matter what value Iraq put on its currency, it will still not be worth anything. So, you ought to feel very good why PM Abadi is making these changes, it is because Iraq is getting ready to introduce the IQD to the world currency markets.
8-13-2015 Newshound Guru Adam Montana [Months ago Abadi told the world to "hang on" as the value of the dinar would change by June 2015...what happened?] I don't recall Abadi stating that date, but regardless... they aren't going to give us an exact date for a major RV. That will happen when it happens.
8-13-2015 Intel Guru Mnt Goat Going back in time I also want to remind you that about 6 months ago Abadi asked Dr Shabibi to return to the CBI. However Dr Shabibi gave him a list of requirement in order for him to come back. One condition was for him to be reinstated “officially” and with a public announcement. The second was that he wanted it clear that there would be no more interference by the finance ministry in the duties of the CBI. In other words a clear separation of duties. The third was that he required all his former staff to be exonerated of all crimes. Abadi does not like proxy positions. But in order to seat his government in time a year ago he had to use a couple proxy positions... I believe he is going to clean house in the finance ministry and the Central Bank of Iraq (CBI) next. Remember he was the former deputy finance minister so he knows very well what is going on in these areas. He knows the necessity of increasing the value of the currency and he knows why it has been stalled. But it not all about the currency. It is all about creating an overall political environment where Iraq can prosper. Currency reform is just a byproduct. So what is the main proxy position now being held in the CBI? Enough said… [post 2 of 2]
8-13-2015 Intel Guru Mnt Goat Over the weekend Abadi came out with some sweeping reforms...the most sweeping reforms...the elimination of the 3 Vice presidencies and their 3 deputy positions. Not only is Iraq saving expenditures but strategically Abadi has set the stage for the next move... There would have to be a constitutional change in order to allow this to happen since these positions are mandated by it. This vote took place on Tuesday and it passed. I believe they are moving towards the “official” appointment of Ayad Allawi as head of the Federation Council and the final demise of Nori al-Maliki since he lost his immunity in this recent move. ALL politicians are no longer sanctioned by immunity and will suffer the full brunt of consequences for any corruption. Maliki and his goons had to be neutralized for any RV to happen. We were told this week there would be yet another set of reforms sent to parliament for a vote on Thursday. I believe this second set of reforms are the laws to complete the Reconciliation Reforms we have been waiting for so long. They will be presenting them to parliament again as a “package” of laws to vote on. Remember we are in mid month August already, the end of 1 year term for Abadi. He had to have all the reconciliation efforts completed in this timeframe. So I do not believe it will take much longer to see this second package of reforms. [post 1 of 2....stay tuned]
8-13-2015 Newshound Guru Millionday Article quote: "Chancellor confirmed head of the House of Representatives for national reconciliation and unity Jumaili, Wednesday, that the Parliament has fulfilled its obligations with the consent of government, parliamentary and papers on government reform and implementation." IT HAS BEEN CONFIRMED FOR THEIR NATIONAL RECONCILIATION----THAT PARLIAMENT HAS APPROVED THROUGH VOTE -- THE REFORMS AND THEIR IMPLEMENTATION... THE REFORMS PACKAGE AND THE PARLIAMENT REFORMS HAVE BOTH BEEN PASSED. [Was the HCL included in these Reform and Parliament Packages?] ...WE HAVE NOT SEEN INK STATING THE HCL IS DONE YET.
8-13-2015 Newshound Guru Chattels Iraq is poised for a new era! We shall see what such means for our dreams of currency value increase. I HOPE THAT OUR DREAM OF AN INCREASE IN THE VALUE OF THEIR CURRENCY IS A PART OF THAT NEW IRAQ...AND SOONER RATHER THAN LATER.
8-13-2015 Intel Guru Mnt Goat Here now we finally see the wrenching up of the final stages of these reforms as Iraq cleans up the corrupted officials and the unnecessary positions from the inter-governmental ranks. We are also seeing the wrenching up the beginning of the end of the Maliki and his goons...over the last year Abadi has left the people to decide what they want and these recent protests and telling the government what they want. Why is this important? It is important because Abadi would never have had this kind of support in parliament to quickly implement the extent of the reforms he recently proposed without this pressure from the citizens. This is all very good for us and I am now telling you we can expect the CURRENCY reforms and other reforms coming soon.
8-13-2015 Newshound Guru Chattels [...is M [Maliki] in or out?] he is out as far as Abadi is concerned, but I do not think that it is over yet...maybe going, going, but not gone yet is the best description of his current status. Maliki is being referred to as a "former official". [there saying Abadi giving orders for Maliki to evacuate the palace he was living in.] there is news that former officials are not welcome in the parliament as well.
8-13-2015 Newshound Guru Adam Montana [What do you make of them postponing the implementation of the tariffs at the last minute...?] I am fine with it. They need to revalue the currency, kick up their economy, and then impose tariffs.
8-13-2015 Newshound Guru Millionday [It just seems that there is a lot of forward motion from all different avenues and all leading to the same answer = an RV.] I DONT KNOW WHEN -- NO DATE OR RATE BUT I AM EXCITED OVER ALL THE PROGRESS AND SEE THIS SHOWING THEIR REFORMS -- WHICH IS HUGE. LET ME SAY THIS...THE BANKING REFORM AND ALSO THE ECONOMIC PROGRAM PLANNING ETC -- HAS ...ASSIGNED ROLES TO BANKS WITHIN IRAQ...THERE MAY BE NEWS THAT COMES OUT IN THE FUTURE THAT SOME WILL BE CONFUSED BY -- BUT DONT LET IT CONFUSE YOU BECAUSE -- OIL IS SOLD IN US DOLLAR SO, WE SHOULD STILL SEE REFLECTION OF THE US DOLLAR FOR OIL TRADE ETC --- HOWEVER --- ALL BANKS CANNOT TRADE IN US DOLLAR -- IT WILL NOT HIT THE STREETS OR STORES ETC. [post 2 of 2]
8-13-2015 Newshound Guru Millionday ALL BANKS ARE NOW TO ONLY TRADE IN DINARS AND THE US DOLLAR TRADE IS SUSPENDED IN IRAQ. THIS MEANS FOR IRAQ THAT ALL PRICING AND USE WITHIN THE COUNTRY WILL BE IN DINAR SO THIS TELLS US THAT THEY HAVE REGAINED CONFIDENCE IN THE DINAR AND THEIR ECONOMIC SYSTEM WITHIN THE REFORMS...HUGE PROGRESS. PRICING ALL IN DINARS LETS US KNOW THAT THE GOAL OF A MARKET ECONOMY WOULD REQUIRE THE PRICE OF THE DINAR THROUGH INTERNATIONAL EQUATION...AS IN ALL GLOBAL ECONOMICS. [post 1 of 2....stay tuned]
8-13-2015 Intel Guru Frank26 In Our Opinion...and mind you there is no desire here to pose a date of any kind...understand that When a rate is finally given...what may be seen is a period of time when brokers will stop selling their currency for a period of time...what kind of time period...no one can really say...it could be dictated by different parameters they are given at that time... special instructions if you will...Maybe as short as a few minutes or an hour up to a day or more...this will be their time to make changes in their web sites and purchase plans to accommodate the new rate. We believe this may be determined to some degree by the amount of currency that has been returned to Iraq at that time, and we know from news articles that money is finding its way back to their banks...the reforms are already at work and money that left under corrupt circumstances is being identified and returned...thinking about this...it is a logical situation that we may or may not notice happening depending on how quickly it is allowed to happen.
8-13-2015 Newshound Guru Aggiedad77 08-10-2015...there was an abundance of news from Iraq ...about the COM meeting that is to happen ...Thursday. They mentioned it would contain some "sudden and important" information...to me that is key...and it would be really special to many people, us included, if some of this information would include their plans for things like the HCL, the Investment Law, the National Guard Law...anything they have been dragging their feet on...some of these have been delayed for a number of years. I also tied this to the announcement that Speaker of Parliament Jubouri made earlier in the day that Parliament is going to be refocusing on getting laws passed...they would read a law...then Parliament would only have 14 days to get the second reading accomplished, followed by only a max of 14 days to get to a vote on a law...their version of "fast tracking". IMO...tomorrow [Thursday] should shed much light on the near term direction of things for the overall government I think.
8-12-2015 **** Dinar Guru News Flash **** Yesterday afternoon: The New York Times has reported the Iraqi Parliament unanimously passed Abadi's ground breaking and far reaching reforms! This is expected to have a MONUMENTAL impact on the country. Stay tuned as guru updates flood in about how and if this will have a direct or indirect impact on the Iraqi Dinar...the latest guru updates will continue below...
8-12-2015 Newshound Guru Kaperoni I fear that Allaq gets removed and we start over with a new CBI Gov and that means another setback and waiting game. Sure I would like to see him go, but everytime they replace the gov, it means status quo for at least a year.
8-12-2015 Newshound Guru Adam Montana [What do you think prompted Abadi to take such quick action in the bigger scheme of things?] It's my HOPE that Abadi is getting back into "grind mode", like he was in the beginning of his term. If you recall how much he accomplished right out the gate after his election, this recent uptick in activity may be an indicator that he's making big moves again. What he's doing right now is a great start - get rid of some unnecessary people, simplify the government, and slam that HCL in place. Let's get it done!
8-12-2015 Newshound Guru sczin11 IRAQ IS GOING THROUGH THE MAJOR ER [ECONOMIC REFORM] AND MR [MONETARY REFORM] THAT ABADI HAS PROMISED THE PEOPLE WOULD TAKE PLACE. I BELIEVE HE WAS EXPECTING ALL THIS TO BEGIN BACK IN JUNE...ESPECIALLY AFTER MAKING NUMEROUS ANNOUNCEMENTS REGARDING SAME...AND DONT FORGET ABADI SPEECH TO THE WORLD, BACK IN JANUARY FROM DAVOS... "IRAQ IS OPEN FOR BUSINESS". WE ARE EXPERIENCING HISTORIC WORLD EVENTS, RIGHT HERE IN IRAQ...WE ARE SEEING AN ENTIRE NATION, WAKE UP TO THE REALITY OF TODAY...NO MORE BEHIND THE TIMES...NO MORE LAGGING WITH CURRENT DAYS TECHNOLOGIES AND INTERNATIONAL PROTOCOLS...ALL THESE ISSUES HAVE BEEN METICULOUSLY WORKED ON AND ARE NOW BEING IMPLEMENTED, AND ACTIVATED...AND WHEN ALL IS SAID AND DONE, IRAQ WILL EMERGE AS THE POWER HOUSE OF THE MIDDLE EAST...
8-12-2015 Newshound/Intel Guru BGG [...you cannot arbitrarly create an exchange rate...dont work that way. Saddam tried that...] technically - Saddam didn't...the USD went the wrong way and he refused to go with a different rate internally for the IQD.
8-12-2015 Newshound Guru sczin11 AFTER READING THE PRINT, AND THE OPINIONS IN THE LAST 24 HOURS, I FELT THE NECESSITY TO OPINE. THE IRAQI DINAR IS A CURRENCY, BEING USED TODAY, IN IRAQ, AND SOON TO BE ACCEPTED GLOBALLY...IT IS LEGAL TENDER... IT IS NOT MONOPOLY MONEY...THE NEWLY PRINTED AND DESIGNED CURRENCY, THAT STARTED TO BE RELEASED, MID LAST YEAR, IS CONSIDERED ONE OF THE MOST SECURE IN THE WORLD, IF NOT THE MOST SECURE...THERE IS NO SUCH THING AS A CURRENCY IN COUNTRY ONLY, WITH AN ALTERNATIVE CURRENCY FOR OUTSIDE...WHO DOES THAT MAKE SENSE TO?
8-12-2015 Newshound Guru Adam Montana This week I'm in the same boat as last week... no HCL, no RV. We all know this can't continue forever... One thing to watch for this week is China. While this isn't directly related to the Dinar, it's a good example of how an independent bank or country can do whatever they want to their currency. China has a long history of manipulating the markets via their Bank, and it will be interesting to see how their recent actions play out. Time will tell.
8-12-2015 Newshound Guru My Ladies THESE GLOBAL PAPERS [NEW YORK TIMES, REUTERS, RUSSIA TODAY, SKY NEWS, QABAS, BLOOMBERG, ETC.] ARE TALKING ABOUT SISTANI GIVING IMMUNITY TO ABADI AND BACKING HIM PUBLICLY WITH ALL THESE REFORMS. SISTANI TELLING ABADI THE TIME IS NOW TO GIVE THE PEOPLE WHAT THEY WANT AND ALONG THE WAY RID THE CORRUPTION OF THE GOVERNMENT. IT GOES TO SHOW MORE AND MORE THAT IRAQ KNEW WHAT NEEDED TO BE DONE BUT WAS JUST SITTING AND WAITING FOR THE GO AHEAD. SISTANI GAVE THE HEAD NOD AND THINGS ARE ON THE FAST TRACK AGAIN.
8-12-2015 Newshound Guru Kaperoni [they are suffering over there and need this so very badly.] ...maybe so..but you cannot arbitrarly create an exchange rate...dont work that way.
8-12-2015 Newshound Guru Aggiedad77 Maliki and a former "acting governor of the CBI" could be named in a money-laundering and corruption scheme...the Integrity Commission is investigating these allegations and will be most assuredly prosecuting any and all who are believed to have been involved in the process...Keep in mind that the "former acting governor" that was mentioned was the one that Maliki personally chose after he tried to can Dr. S [Shabibi] ...yes eye brows were raised then because of his personal involvement in the appointment.....Maliki's brand of corruption knows no boundary....high or low.
8-12-2015 Newshound Guru Kaperoni the key to Abadi reforms IMO is that laws will finally get passed...we should see many laws passed over the next few months...hopefully a basket.
8-12-2015 Newshound Guru wmawhite How great everything is for us. We simply do not know what that one events is or events or that will have the CBI trigger the mechanism that will turn the IQD on to the world. However, we see the numerous indicators that tells us that they clearly intend to do such. [I believe that they want to go back to the pre-war rate.] I agree...they (CBI/GOI) have told the world that is their intent. Keep in mind, that Iraq is rejoining the world economic community...thay are not joining themselves. They need to meet others requirements. They can not make up their own requirements. [I just don't see how they can implement the Tariffs again without a rate though.] True...the tariffs is one of those indicators that point to purchasing power...the need for it. There are the tariffs, and taxes, international bonds sold on the retail market that require a free moving currency...all are indicators. IMO, Iraq is preparing for something that will permit them to move the IQD onto the world economic stage. When this event is ready they need the tarifs ready, the taxes ready and the bonds ready to go.
8-12-2015 Newshound Guru My Ladies THE FIRST PACKAGE OF REFORMS PASSED IN PARLIAMENT UNANIMOUSLY...AND THERE ARE MORE REFORMS COMING TOO. Article quote: "Prime Minister Haider al-Abadi welcomed the approval of the House of Representatives on the first package of government and parliamentary reforms, "vowing to" continue on this road." SO THE REGULAR CABINET MEETING IS USUALLY ON TUESDAYS BUT THIS WEEK THE CABINET POSTPONED THEIR MEETING UNTIL THURSDAY TO SEE WHAT THE OUTCOME OF THE FIRST PACKAGE OF REFORMS WAS GOING TO BE. NOW THEY CAN CONTINUE ON WITH THE REFORMS AND INTRODUCE THE NEXT PACKAGE. SO IT WOULD SEEM IRAQ IS BACK ON THE FAST TRACK OF GETTING THINGS DONE.
8-12-2015 Newshound Guru Millionday THE NEWS IS FANTASTIC TODAY AND IRAQ IS PROGRESSING IN ALL AREAS. WORLD NEWS ALL OVER THE GLOBE ANNOUNCED THAT IRAQ HAS VOTED THIS MORNING [TUESDAY] ALL FOR ONE AND ONE FOR ALL -- ON ALL REFORM ACTIVATION AND THE LAWS OF CORRUPTION AND ALL THAT ABADI ANNOUNCED AS HIS WISH YESTERDAY...THEY VOTED YES AND IT WILL BE PRINTED AS LAW...HUGE PROGRESS WITH LEAPS AND BOUNDS. THEY ARE SAYING THAT EVERYTHING NEEDS TO BE DONE AT THE SAME TIME --- THE GOVERNMENT PROGRAMS SHOWS HOW TO INTEGRATE THE REFORMS FOR UNIFICATION FOR THE TRANSITION TO THE OPEN MARKET --- (GLOBAL). WOW... REFORMS WENT THROUGH AFTER ALL THESE YEARS... FINALLY -- WOW. 8-11-2015 Intel/Newshound Guru Poppy3 MALIKI STILL UNDER CLOSE OBSERVATION BY INTERPOL SERVICE AND THEY WILL PICK HIM UP IMMEDIATELY WHEN ORDERED TO DO SO ANYWHERE IN THE WORLD HE TRAVELS. INTERNATIONAL CRIMINAL COURTS STILL BUILDING A MASSIVE CASE AGAINST HIM. PLUS MANY OF HIS CROWNIES. EVEN THOUGH THEY HAVE TONS OF EVIDENCE THEY ARE STILL LEAVING NO STONE UNTURNED.
8-11-2015 Newshound Guru Aggiedad77 Article quote: "Council of Ministers announced on Tuesday that the meeting next Thursday will vote on the sudden and important decisions." "SUDDEN AND IMPORTANT DECISIONS" ...sounds like the COM went ahead and met today...maybe after they heard what happened in Parliament today...and they still plan on a meeting on Thursday...a meeting to be held to make "SUDDEN AND IMPORTANT DECISIONS". Perhaps the list from COM on Thursday brings forth the necessary mechanism for Article 8 compliance even... Thursday...just a scant 48 hours away...what oh what can be forthcoming during this COM meeting...indeed...the BEST is yet to come...wait for it.
8-11-2015 Intel Guru Bluwolf Much positive news coming out of Iraq, people have been displaced, separated and arrested...The final cleanup on aisle 5 is in full throttle. All borders for dinar export are most definitely closed. All broker or dealers have been informed to stop the movement of sales. All TRN are officially golden standard. We are now anxious awaiting this final phone call. It all squares down to this part of the ride. It is finally on the US best interest to give the signal on this impending GCR and 204 Country Revaluation. The hyperinflation speech is well past due and must be announced shortly without further ado...These are my views on our current situation here and abroad. Please have all your paperwork ready for we await a high government official signal and that is in that happening
8-11-2015 Intel/Newshound Guru tman23 [How on earth, can a non-tradeable currency be tracked on Forex and also be traded?] What does the exchange rate show on the CBI site...That is the official rate...and it will fluctuate right along with the forex IF and WHEN the IQD is being traded on the forex. [You can always see the Official CBI rate in the Dinar Guru Resource Bar on the left of this page]
8-11-2015 Intel Guru Delta [via FrostyTheSnowman] We are about to see the dinar go international – and we don’t want to see corruption in the currency. Whatever numbers come in will help the GOI, CBI, the banks, the budget, etc. I think Abadi knew about this a long time ago. He was waiting to get the full support. So why is Maliki not in prison? Because we are waiting for the reform and then you’ll see that happen. I am so excited about what we are seeing right now. I believe we are super, super close. Confidence with investors will continue to increase. The citizens cannot take it anymore and Abadi knows it. He really cares about his own people. It’s amazing. Everyone is waiting in line for one thing and Abadi knows that too. The people want to make a good living, they want good jobs. How can Abadi do that without currency reform? He can’t. We are on the verge of something big coming up.
8-11-2015 Intel Guru Frank26 During the last 4-5 days...the “displaced” funds...all funds that were embezzled...the funds are coming back to Iraq. All that was stolen is pouring back into the banks into Iraq. It is the start of the RI ...that is what we are focusing on. Abadi wants to work for the people...All of the “issues” that have plagued Iraq don’t matter anymore – it’s time for the people...time for the citizens. So the IMF told them to get rid of Alak (the acting Governor of the CBI). There is a massive round-up of corruption...that is what is needed to raise the value of the currency. Iraq has big assets and they must come out as an RI and then into an RV. [post 2 of 2]
8-11-2015 Intel Guru Frank26 [via FrostyTheSnowman] Last week we talked about the BONDS – phase 1 and phase 2. Those BONDS were a “test-run”. Finch released its credit rating for Iraq which was a "B-" and Jabouri was not excited about this because he was expecting an “A” but because Iraq hasn’t completed Article 8 (which they had the Green-Light to do)... this was a warning shot to Iraq. Until Dr. Shabibi lifts the currency of Iraq there is a BLOCKAGE at the CBI. So they held a meeting... In the meeting (last Saturday)...the IMF said to the CBI (basically Dr. Shabibi) “...you should have qualified for Article 8 by now...?” With that said we’re going to start a massive round-up of corruption (which has started...) All corrupt officials have been dealt with. Maliki tried to flee Iraq but he was stopped. All of his cars, money... everything is now in possession of the GOI and the GOI’s laws. SECURITY kills corruption! [post 1 of 2....stay tuned]
8-11-2015 Newshound/Intel Guru BGG [is it safe to assume that after this big shakeup in the goi that there will be a cool down period where not much gets done.] not according to Zebari and everyone else - this thing is just now getting wound up!!
8-11-2015 Newshound Guru Millionday PARLIAMENT IS EXPECTED TO MEET TO VOTE IN ALL ABADI HAS STATED TODAY TO ACTIVATE ALL REFORMS --CORRUPTION LAWS -- ECONOMIC REFORMS AND ALL SERVICES. TOMORROW [TUESDAY] WE SHOULD START TO SEE SOME CHANGES TO REACH THESE STEPS IN THIS CRISIS SOLVING MOVE... THE PRIVATE SECTOR LOANS ACTIVATION WILL NOT HELP MUCH WITH THE AMOUNT AGREED ON UNLESS IT COMES WITH THE ECONOMIC PROGRAM AND PLAN IS ACTIVATED TOO. INTERNATIONAL NEWS ANNOUNCED THAT TOMORROW [TUESDAY] IRAQ WILL BE MAKING ANNOUNCEMENTS TO CITIZENS/INVESTORS AND THE EMERGENCY MEETING TO MAKE THE REFORMS HAPPEN IS ON TUESDAY IN PARLIAMENT TO BE VOTED THROUGH.
8-11-2015 Newshound Guru Kaperoni ...opening the banking system to the world is clearly what international organizations (IMF/WB) are helping Iraq with. And surely, those decisions are discreet. Sounds to me Abadi is going to allow the process to move forward. Hopefully very soon!
8-11-2015 Newshound Guru Aggiedad77 Article: "Abadi confirms that there are other packages of reforms at the same level" Get ready citizens of Iraq...there are more reforms being worked at this moment...more reforms than just the sacking of certain government officials who may have been caught in the corruption roundup...reforms that will bring an end to terrorist threats... reforms that will ensure more jobs and improvements in living conditions...watch for these efforts at the same time the government is undergoing its huge reform as well.
8-11-2015 Newshound/Intel Guru BGG Article quote: "Revealed reliable sources from within the Baghdad International Airport that Nuri al-Maliki tried to leave Iraq to Syria on a private jet in secret..." MALIKI IS TRYING TO LEAVE IRAQ TO SYRIA IN SECRET. Looks like Maliki is "refusing" to step down...he's toast...things are very hot on the homefront for Maliki. ...him "refusing to step down" (IMO) will only speed his demise. why is all of this important? Maliki being dealt with directly and completely opens the door wide for all kinds of reform - Monetary Reform being at the very top of the list.
8-10-2015 Newshound Guru Aggiedad77 Corruption is being given a swift kick in the butt and security is being locked in for all practical purposes...Maliki tried to test the border and airport security and was caught at the Baghdad Airport as he tried to leave...wait he admitted he was only meeting President Masum...guess his driver took a wrong turn as they left the Green Zone...Oh I could so easily go on and on about all the good that is coming from the actions that Abadi decreed over the weekend. For anyone in the government who might be thought of as remotely tied to anything to do with corruption PM Abadi has brought the hammer down on their ability to travel...oh indeed their wings have been clipped... [post 2 of 2]
8-10-2015 Newshound Guru Aggiedad77 The news the past 24 to 48 hours has been fire-brand hot so to speak...so much about reformatting the government... doing away with key positions which include the three VP's and three Deputy PM's and a host of other high level positions...The elimination of some ministries or combining of ministries to stream line some operations...PM Abadi is definitely being courageous and bold all at once, and he's not waiting long for what others might think of his actions...many in key positions of Parliament and with political blocs are verbalizing their agreement with his actions...So any "vote" that might need to be forthcoming from Parliament over his actions seem to be a foregone conclusion that he will find the necessary support. [post 1 of 2....stay tuned]
8-10-2015 Newshound Guru tlm724 If Abadi's gamble pays off, the 9th of August 2015 may in hindsight be remembered as a momentous day in Iraq's history, to outweigh the eventful regime change of the 9th of April 2003...indeed we are watching a historical event unfold! ...in a bid to end the sectarian quota-system, marks a potential watershed in Iraq's political history and its future. I am loving this plan, a moment in time when everything changes! ...if the MP's fight this reform it will be political suicide! They will essentially point the corruption finger at themselves! ...in other words if you have nothing to hide then you should support this plan fully! ...I pray parliament does the right thing here and I really do think they will! Sure we have seen green lights and on some days we have had our hopes crushed BUT this is truly the turning point for Iraq and for us as investors in their country. With a thriving economy comes a more valued dinar, it is the law of economics! [post 2 of 2]
8-10-2015 Newshound Guru tlm724 It seems that the 12 years crescendo of politicization, sectarianism and mismanagement has finally reached its climax. The mid boiling temperature of Iraq's sweltering summer and daily terrorist attacks did not stop the masses from coming out and saying enough is enough...the Iraqi people have called upon Prime Minister Haider al-Abadi to dissolve parliament, hunt down corrupted politicians and deliver public services. The peoples' call upon Abadi to implement radical reform, backed with Grand Ayatollah Sistani's absolute support for the PM...the supeme religious leader gave his blessing to Abadi! Never before has that be done! If Abadi succeeds in his mission-impossible, he could go down in history as the Nelson Mandela of Iraq. If he succeeds will depend on parliament and we cannot expect this to go absolutely perfectly, expect their to be fighting within BUT I truly believe this will pass in the end! [post 1 of 2....stay tuned]
8-10-2015 Newshound Guru Kaperoni Article: "Finance Committee has confirmed that it has received several complaints by citizens and some traders that there was fraud to local currency." Quote: "BAGHDAD / Obelisk: detecting a number of experts and specialists in the financial and economic affairs for the emergence editions forged the category of 25 000 dinars on the market do not contain the security code (the horse)..." Most of us have 25k notes. This is a good reason to check our notes to make sure we have the horse head.
8-10-2015 Newshound Guru BGG It was my take - they were expecting a better rating than b- and some interest in their bond offering... "blew up in their face" meaning - that plan alone won't save their bacon...no matter what the rating - at this point, I foresee a "tepid" response to their bond offering (at best!!)...I am very curious to see how this next set of events unfolds... this is a very interesting turn of events.
8-10-2015 Newshound Guru Breitling The Iraqi Journal has talked about how they got the note count down to 6 billion and then 4 billion and their goal is to get to a billion…so you have to know these things to know where the value is going to be gained in the dinar...What's one of the proofs? …Liquidity is drying up…There are things to watch, liquidity. There are 'tells' of something coming down the road and you are seeing it. Instead of being paranoid and scared you should be…very very happy and can't believe it's actually coming down the road after all these years. the signals and signs are liquidity.
8-10-2015 Newshound Guru Millionday ABADI IS MAKING CHANGES IN POSITIONS TO NOT ONLY REDUCE COST BUT CORRUPTION TOO... MINIMIZING GOVERNMENT PAY AND POSITIONS... HUGE PROGRESS AND HOPE FOR THE CITIZENS FOR THE NEW IRAQ.
8-10-2015 Newshound Guru Kaperoni Article quote: "Roudao - Arbil, the voice of the Iraqi Council of Ministers unanimously, during the special meeting held on Sunday, the first package of reforms presented by the Prime Minister Haider al-Abadi." This article describes the reforms Abadi has planned. Though promising and a very big step in the right direction we must refrain from being overly excited because nothing happens fast in Iraq. As well, these recent decisions are not a trigger for some mythical RV...What it will do is begin to create a "climate" that eventually will lead the gradual rise in the dinar as the economy grows and investors/investment comes into Iraq.
8-10-2015 Newshound Guru OOTW Article quote: "...al-Abadi has announced sweeping political reforms eliminating several high-ranking posts including vice-president and deputy prime minister." PERHAPS I AM BEING OVER OPTIMISTIC, BUT...ABADI HAS CONSISTENTLY COME OUT IN SUPPORT OF ALL SECTS...I KNOW HE'S ALIGNED THE NATIONAL ALLIANCE, BUT...HE HAS GIVEN HIS WORD TO THE INTERNATIONAL COMMUNITY INCLUDING INVESTORS...IE COUNTRIES THAT THESE ISSUES WILL BE ADDRESS. IRAQ IS RESPONSIBLE TO INVESTORS. NO ONE IS GOING TO BUY THE BONDS WITH THIS TYPE OF CORRUPTION GOING WITHOUT BEING ADDRESSED. THEY KNEW THIS WAS COMING THIS IS WHY THE TARIFFS WERE SUSPENDED. ...I HAVE BEEN WATCHING FOR THESE EXACT ACTIONS, IN ONE FORM OR ANOTHER, FOR YEARS FOR ME, THIS IS A HUGE DAY.
8-10-2015 Intel/Newshound Guru tman23 Speaker Yousif Mohammed of the KRG Parliament legally can and most likely will take over Barzani's duties after August 20th for 2 months until a NEW President can be elected... This appears to be more timing that coincides with the removal of Maliki etc... The problem in Iraq has been at the top...and the musical chairs game...same players making the same troubled arguments without positive outcomes... Recall that Maliki wanted a third term because Barzani was getting a third term... They both will be out of the political picture...Barzani will be a force in Kurdistan behind the scenes, Maliki on the other hand has been delivered his political bankrupt papers... AND since my last update on consulates in Kurdistan 3 weeks ago of 27...There are now 33 that are official... RV or no RV...foreign countries are setting up for business relations...it certainly isn't for tourism.
8-10-2015 Newshound Guru Arthur SO WHATEVER THESE DISCREET "SECRET" NEW FINANCIAL STRATEGIES ARE THEY HAVE BEEN ACHIEVED WITH HELP FROM THE WB/IMF/UN/PTB. This and all of these reforms are with the complete cooperation of the Kurds, the proven to be supremely influential religious authority, and all ministries and does not have to be voted on by Parliament. So whatever this is, and it doesn't take a rocket scientist to figure this out, it is not just being called for but about to be implemented immediately. [post 2 of 2]
8-10-2015 Newshound Guru Arthur ALTHOUGH ABOLISHING THE VP POSITION WHICH EFFECTIVELY SHOWS MALIKI THE DOOR IS HUGE, OUT OF ALL THE ABADI REFORMS THIS IS THE ONE THAT CAUGHT MY EYE AS FAR AS US IS CONCERNED: NOW KEEP IN MIND THIS REFORM IS UNDER THE HEADING OF "FINANCIAL": 3. activation strategies discreet work prepared by State institutions, including in particular what has been achieved in cooperation with international organizations. activation strategies discreet work prepared by State institutions... SO THEY ARE GONNA ACTIVATE SOME NEW FINANCIAL STRATEGIES THAT HAVE BEEN DONE DISCRETELY OR "SECRETLY"...AND including in particular what has been achieved in cooperation with international organizations. [post 1 of 2....stay tuned]
8-10-2015 Newshound Guru Enorrste Article: "Iraq PM Proposes Abolishing Vice Presidencies in Reform Push" If this works it will be a very smart play on Abadi's part. The fly in the ointment is that he needs both his own ministries approval as well as Parliament's approval to move forward. His argument, however, is excellent: it will both save money in the government that can go for needed services, but will also eliminate a number of positions which are clearly corrupt in the government. From the articles it appears that more than just 3 vice presidencies are being eliminated. He would move some other governmental positions away from the parties who now control them through patronage, reduce personal body guards, and, presumably, make other changes that could streamline the government significantly. The question of the day: how will Maliki respond to this?
8-9-2015 Intel Guru Frank26 ...you see no ratings from Moody nor Standards & Poors...Why? These agencies 100% of the time release their ratings in unison – that’s how the rating system works. The B- was a warning shot to bring security into Iraq. They need to RI – it’s as simple as that. But...know that they can RI at 1166. But...based on what we are seeing, it would be insane to consider such action and since the removal of Hussein, security has now blossomed in Iraq and we pray that the monetary reform of the IQD will soon blossom too.
8-9-2015 Newshound Guru Breitling You don't even need to listen to them you don't even need to be curious. You'll know when it's time to EXCHANGE your currency…NOT "cash in" but exchange your currency. Where is the Iraqi government going to come up with all these dollars to "cash in" all these Iraqi dinars? It's not a "cash in" it's an exchange. It's an equivalent value exchanged for the equivalent value. Not only that it's not going to be cash. Most of it's going to be going into your bank account as credit. It's always worked this way. [Post 2 of 2]
8-9-2015 Newshound Guru OOTW ...THE TARIFFS HAVE BEEN SUSPENDED BECAUSE "CORRUPTION" WAS TOO RAMPANT... NOW IT SEEMS THEY'RE GOING TO ASSERTIVELY GO AFTER CORRUPTION... ADDRESS CORRUPTION RE INSTALL THE TARIFFS.
8-9-2015 Newshound Guru Chattels Article quote: "the need for the House of works MPs and ministers to support Prime Minister al-Abadi by voting on the latest decisions... " Maliki is not gone. The Parliament must act and vote by a two-thirds majority to accomplish the abolishment of the constitutional offices of vice president(s) and deputy prime minister (s).
8-9-2015 Newshound Guru Millionday Article quote: "...al-Abadi said that the Cabinet will take the inter decisions to improve financial and political level and correct government action paths..." THE ANNOUNCEMENT BY ABADI IS TO MOVE FORWARD RIGHT AWAY IN REFORMS -- ALL TO IMPROVE THE FINANCIAL AND POLITICAL LEVEL. ABADI HAS BEEN ASKED BY THE RELIGIOUS AUTHORITY TO SHOW COURAGE WITH IN THE REFORMS AND MOVE FORWARD. ...MANY THINGS ARE GOING ON IN ALL SECTORS AND AVENUES ACCORDING TO NEWS.
8-9-2015 Newshound Guru My Ladies THE CABINET HAD A MEETING TO DAY IN AN EFFORT TO CALM DOWN THE DEMONSTRATIONS. ABADI LISTENED TO THE CONCERNS AND AS A RESULT HE IS TRIMMING THE FAT. RIGHT NOW HE IS CUTTING ADDITIONAL PROTECTIONS AND SPECIAL PROVISIONS FOR ALL STATE OFFICIALS AND THE THREE PRESIDENCIES MINISTERS AND PARLIAMENTARY MEMBERS. SO SORRY MALIKI HATERS THE ACTUAL POSITIONS NEED TO BE DISSOLVED THROUGH CHANGING THE CONSTITUTION BUT THE EXTRAS CAN BE REMOVED. HE CAN DISMISS HIS MINISTERS AND VICE MINISTERS BUT THAT’S AS FAR AS HE CAN GO. THE VICE PRESIDENTS REQUIRE TIME TO REMOVE AND IS OUT OF THE HANDS OF ABADI. THE SPENDING ON THEIR SECURITIES CAN BE CUT HOWEVER. ACCORDING TO THE CONSTITUTION …HE DOES NOT HAVE AUTHORITY IN THE FRONT OF THE HOUSE...EXCESSIVE SPENDING AND PRIVLEDGES HE CAN STOP...HE CAN NOT REWRITE THE CONSTITUTION.
8-9-2015 Newshound/Intel Guru BGG Article Quote: "The prime minister Haider al-Abadi had announced earlier in the day about the most important actions to be taken by the most important part of his reform plan to reduce ministries and cancel key positions of the Republic and the Vice-Minister." Maliki's VP position ELIMINATED!! ...he's OUT. [how can they eliminate a political position such as that?] he just did - and he's getting lots of support - Parliament leadership, Barzani (Kurds), Clerics, everyone jumped right out to support Abadi. My contention has always been once Maliki is gone - Alak will either grow a brain or be gone as well... [...do you think this will this prolong the RV...?] I don't think it slows anything down - it probably moves things forward.
8-9-2015 Newshound Guru tlm724 Huge news! First that there was a unanimous vote, that must be a first and second we are witnessing history being made! Prime Minister Abadi just sent out a statement about abolishing the posts of the 3 Vice Presidents, that would be Maliki, Allawi and Najafi! The corrupt are falling finally!
8-9-2015 Newshound Guru Breitling I really can't believe that there are people who have been listening to me all these years and saying "hey there's a the special group that are the only ones who can cash in!"…I mean come on guys it's very simple. they know the potential of what the dinar is going to be and they want it [your dinar] and they consider themselves smarter than you and they are going to try to scam you out of it [your dinar]. Just stay away. [Post 1 of 2 stay tuned for the rest of the story]
8-9-2015 Newshound Guru Kaperoni Article: "Cabinet voted unanimously to reform paper in the presence of 31 ministers" So it's official! Maliki is out. The CoM approved the changes in the government including the removal of Maliki! Wooohooo.
8-9-2015 Newshound Guru Millionday RIGHT NOW THE FIVE YEAR PLAN AND REFORMS ARE BEING ADDRESSED TO MOVE FORWARD GLOBALLY REPORTEDLY. SO THIS STEPS ACCORDING TO SALEH -- INCLUDES THE INTEREST RATES (DEFINED BY CREDIT RATINGS...) PURCHASING POWER. AND THE VALUE AS THIS WILL REQUIRE THE CALCULATION. [DO U FEEL THEY HAVE A RATE CALCULATED?] WE A HAD REPORT THAT DEMANDED THE INTERNATIONAL EQUATION BE DONE -- THIS WAS WEEKS AGO. [post 2 of 2]
8-9-2015 Newshound Guru Millionday Article quote: "He stressed Saleh, an economist known, the need for a "new working mechanism to keep the financial system in the country, and the establishment of banking institutions in accordance with the internationally accepted laws, in order to protect depositors and employees in the banking sector." SALEH ANNOUNCED TODAY THAT ALL ECONOMIC POLICIES/LAWS/AND REFORMS WILL BE ALL IN COMPLIANCE WITH INTERNATIONAL LAWS/REGULATIONS ETC... ALL INTERNATIONAL COMPLIANCE ALONG WITH CONSTITUTIONAL COMPLIANCE. [post 1 of 2....stay tuned]
8-9-2015 Newshound Guru Kaperoni Article: "Uniting directed its ministers and parliamentarians to support decisions Abadi reform" Abadi announced today that he is recommending the removal of a few positions as part of his reforms which include elimination of Maliki's VP position. A subsequent CoM meeting is taking place or just completed to confirm these changes. What I am hearing is Maliki is out of that position. What happens next..we wait and see.
8-9-2015 Newshound Guru firefly Well the credit rating is HUGE! They need to boost it from B- in my opinion but it's A START! Now how the heck can they boost it? We anxiously wait and watch. We are so close...Many things going on behind the scenes that is not in print nor will it ever be...IMO... [this weekend would be great or even next week. ] I'm not looking for it this weekend ...would be a pleasant surprise though. But I highly doubt it. Need to get through the sucker bonds 1st, IMO.
8-9-2015 Newshound/Intel Guru Bluedog "The Washington Post: ‘We've had enough’: Baghdad protests challenge Iraq's Abadi" IMO...I SEE THE PROTESTS AS A SET UP BY CLERICS AND A PORTION OF THE GOI...THESE WERE MEANT TO CLOUD THE ARENA...THEY ARE VERY PEACEFUL PROTESTERS...WHY NOW AND NOT 2 MONTHS AGO OR LAST YEAR...PROGRAMED...IMO WHILE EVERYONE READS NEWS OF THESE PROTESTER THEY LOSE THE FOCAL POINT OF WHAT IS REALLY HAPPENING. 8-8-2015 Intel/Newshound Guru tman23 Regarding time tables...It appears that October 1st is central to a host of world events including Iraq International Bond offering. I could give 5 major scheduled events off hand... I'm not saying a IQD RV is part of those changes, or removing the 3 zeros... There is no denying October as a world date...
8-8-2015 Newshound/Intel Guru BGG big news day yesterday ...Credit rating was big. It isn't nearly the rating Iraq was dreaming about...Get rid of the corruption - enough with the BS and get their country moving the world WILL RESPOND...also - it's making Abadi face the reality of his situation. I am really hopeful Abadi gets the gravity and moves things ahead.
8-8-2015 Intel Guru Frank26 "Bold proposal by Bahralolom: calls for abolishing quota, resignation of National Alliance ministers, Abadi picks cabinet & gets on w/ reform" Yes!!!...!!!...!!! Watch this...GOICBI = ONE. "...and get on with the reform." Yes...Both GOICBI are of one accord. To complete ... THE REFORM ... Of many things in Iraq. Winky Winky.
8-8-20215 Newshound Guru OOTW Article quote: "Fitch Ratings graded Iraq today as being at risk of default due to insecurity, financial difficulties and poor governance, in its first rating of the country." THE CURRENT CREDIT STATUS [B-]...IMPLIES THAT THEY'VE NOT BEEN ABLE TO REPAY THEIR LOANS ON TIME -- THEY'RE ON CREDIT PROBATION. TO ME, THIS SEEMS LIKE THE LOWEST RATING THEY CAN HAVE AND ALLOWS THEM TO JUST BARELY BE ABLE TO OFFER THEIR BONDS WITH ANY KIND STABILITY - ON THE EDGE OF UNSTABLE. PERHAPS THE ONLY WAY THEY'LL DRAW IN INVESTORS IS TO OFFER A HIGH YIELD BOND.
8-8-2015 Intel/Newshound Guru tman23 Investment law has arrived... End of the road was June... 30 days later and the country is unraveling...Me no think they can make another 30 days on speeches and promises.
8-8-2015 Intel/Newshound Guru Poppy3 ...MY SOURCE SAID...THEY HAVE THEIR LIST AND KNOW WHAT THEY MUST DO AND THEY HAVE FULL AGREEMENT AND WILL NOT STOP TILL IT IS ACHIEVED.
8-7-2015 Newshound Guru Aggiedad77 "Babylon celebrates the transfer of powers and their portfolios confirms that the project will happen quantum leap" Thursday celebrations in the province of Babylon mark the transfer of powers from some ministries to the local levels and make it appear encouraging that others are to follow as well...good news for the provinces and local governments as Baghdad makes these moves to show support for their abilities to carry forward with work that was formerly reserved only at the state level...good signs of things to come that are positive and proactive from this government.
8-8-2015 Newshound Guru OOTW I'VE BEEN ROLLING AROUND THE CESSATION OF THE TARIFFS... I CAN SEE HOW THE STATEMENTS FROM THE PM AND KEYWORDS ONLY LEND AT LEAST SOMEWHAT MORE CREDENCE TO THE FACT THAT THEY DO INTEND TO INCREASE THE VALUE OF THE DINAR AND ARE ONLY/SIMPLY BEING MORE CAUTIOUS IN THEIR APPROACH. AND I CAN ONLY SEE THAT THIS WOULD END UP LENDING MORE STABILITY TO THEIR MONETARY POLICY WHEN THEY DO DECIDE TO IMPLEMENT THE TARIFFS.
8-8-2015 Intel Guru Frank26 The CR (Credit Rating) was issued at a B minus but given as STABLE. Moody and Finch is the first to report this last night. The other agencies are waiting for instructions. It is NOW Iraq's Sovereign CR. Jabouri wanted a higher CR but he understands this is the start of adding value and that is the focus right now for the currency. The RI is being kicked in iMO and the B is the RI phase that will take us into the RV.
8-8-2015 Intel Guru Frank26 We have information that this Saturday meeting may be bigger than most meetings by the CBI. Why is it at a hotel with luxury for thousands that are coming...why the royal treatment? Why at the same moment the IMF reiterates that Alack is only the acting governor of the CBI for now? Why is the GREEN ZONE blocked again today? Why is Abadi letting the protestors have their way against the corrupt officials of their country? Why did the defense minister arrest 35 last night? Why is the GOI scattering like cockroaches? Abadi dismissed all of M's followers and they are not getting paid by the GOI. Many small things are leading to one big thing. IMO...the thousands that will show up at the Sheraton tomorrow [Saturday] may be that the CBI is announcing..."open for business".
8-7-2015 Intel Guru Nova What have we seen as for Passing Power To The Provinces? Much of the same, it is being slow played "We must do to slowly ". IMO we will not see this fully implemented till the new mechanism is in place. Now those wonderful Bonds that create so much confusion. Can we find anything on them? NO! Not a word from anyone. Why? IMO this also requires the new mechanism be in place before these Bonds can be sold! What do we see happening Globally right now? We see A New System/ Mechanism being brought on line with many countries Right Now! Really...as of July 31! Never in the history of Iraq have we seen what we are seeing right now! So what is my Opinion? It is this, It is clear to me that Iraq's Government and its Central Bank is Waiting! Waiting for the New System to get to them so it can turn on Its New Mechanism and start doing what the world wants it to do! And what do we know...THAT THE NEW SYSTEM HAS BEEN TURNED ON SO IT JUST DOWN TO TIMING FOR IRAQ! [post 2 of 2]
8-7-2015 Intel Guru Nova We all must take the events happening in any passive investment and draw a conclusion with it. When doing this we cannot forget some of the foundational things about whatever we are invested in. Two of Many with the Dinar are... One is the fact that all government agencies must use the Dinar and Two is that these agencies are in need of The New Mechanism in order to use the Dinar. We have been looking with great anticipation this week on three fronts. Bonds, Tariffs and The Passing Of Power To The Provinces. I realize that Iraq has been collecting taxes since Eve ate The Apple, but they have never done it with the New Mechanism. IMO this mechanism must be in place before we see anything more on its Implementation / Delay. [post 1 of 2....stay tuned]
8-7-2015 Newshound Guru Kaperoni Article quote: "The Central Bank, on Friday, ready to announce the launch of five trillion dinars loans to banks, "industrial" and "agricultural" and real estate "on Saturday." I wouldn’t be surprised if this is delayed since the tariffs were postponed. It is hard to create a competitive market economy when there is no taxes on competing items flowing through the borders. The tariffs need to be in place before they can successfully compete. Abadi made a big mistake today postponing tariffs to the end of the year. That decision, in essences, will put all market economy reforms on hold for the remainder of this year as well...they cannot afford that delay.
8-7-2015 Newshound/Intel Guru BGG BREAKING NEWS!! Fitch gives Iraq its first credit rating!! The ratings agency has given the country a stable outlook and a B- rating...This is just a credit rating – however… I really like this line…“Fitch Ratings has assigned Iraq a long-term foreign currency Issuer default rating (IDR) of ‘B-‘ with a stable outlook…” The credit rating allows them to sell international bonds. On the other hand, it is a “double edged sword”… they can sell – but not for a premium (at that credit level)…which puts more pressure on Abadi to come up with other revenue. He’s having to face reality. Maliki has to go – Alak has to go… the CBI has to “pony up…”
8-7-2015 Newshound Guru Stryker Iraq's Credit Rating: "Fitch Assigns Iraq's First Rating at 'B-'/Stable" Iraq has a credit rating of a B-/Stable, just out this morning. Bring on the Bonds both domestically and Internationally, Fiscal and Monetary Reforms are in the near future for Iraq, so where are they on corruption? Corruption: In my opinion we should see soon a mass roundup and arrest of a majority of the bad guys, including and not limited to Maliki himself and corruption will be under control, for the most part. Then we/they are off to the races...With Iraq's economy considered stable by Fitch and other agencies to follow in their assessment of Iraq, all that's needed is to make sure all future revenue from oil sales, tariffs and taxation can stay working for the people and not in the pockets of the corrupt. Real prosperity for Iraq could really be right around the corner my friends!
8-7-2015 Newshound/Intel Guru Bluedog Article: "Urgent .. Abadi directed to postpone the introduction of the new customs tariff" YES IT'S ON ABADI'S WEBSITE SO IT IS TRUE. SO WHAT DO YOU THINK ABOUT THIS MOVE? NEED A INTERNATIONAL RESPONSE RIGHT. ALSO NEED A NEW TRANSFER OF A GOV OF THE CBI...GOI / CBI WORKING IN SINK... IMO...ABADI BEING THE FORMER FINANCE MINISTER...HE IS ON BOARD WHEN THIS WILL HAPPEN.
8-7-2015 Newshound/Intel Guru BGG Article quote: "Prime Minister Haider al-Abadi, announced Thursday that al-Abadi face to postpone the introduction of the new customs tariff until ensure the readiness of all border crossings to apply." This is a fairly big deal. The issue isn’t that Abadi is postponing it... that isn’t good for us. It’s that he knows there is a missing component – THE ADDED VALUE!! Their own economists warned against this VERY SCENARIO!! It’s no wonder the people are about to be rioting over tariffs with no value.
8-7-2015 Intel/Newshound Guru Poppy3 AFTER DISCUSSING IT ABOUT 4 MONTHS AGO WITH WHAT I CONSIDER THE BEST SOURCE IN THE WORLD...HE TOLD ME...THEY HAVE MET AND AGREED IN A WAY NEVER BEFORE AND THEY FINALLY FOR THE FIRST TIME IN HISTORY EVEN HUGGED ONE ANOTHER WHICH THEY DON'T DO. HE SAID THEY ALL HELD A LIST OF THINGS TO ACCOMPLISH AND WHEN...
ACCOMPLISHED... THE RATE WOULD CHANGE AND THEY WOULD TAKE THEIR PLACE WITHIN THE GLOBAL ECONOMY. ...THEY ARE INCHING CLOSER AND THE PRESSURE IS GREATER NOW FROM AROUND THE WORLD THAN EVER BEFORE. HANG TIGHT THEY WILL GET THERE.
8-7-2015 Newshound Guru Kaperoni Article quote: “...and pointed out that the most important characteristic of that strategy is to strive for the establishment of the Iraqi market, which Council It will be within two thousand and sixteen next year or the next.” Sounds like pressure will start next year to begin to raise the value! Hope so anyway.
8-6-2015 *** Dinar Guru Reality Check Alert *** Be careful who you do business with. Gurus from multiple camps are reporting a plethora of Early "Cash-in" Groups popping up around the country. The reported offer is a variation of something like...you hand over your dinar now in return for nothing more than a promise of a higher exchange rate in a couple weeks. The Gurus feel this makes little sense since these groups can get dinar much much cheaper by purchasing from a dealer. Are these groups popping up because they feel the dinar is close to a rate change? The guru don't know, but plan on seeing more and more offers like this as we move ahead. So be careful, know who you're dealing with...there appears to be people out there who want to separate you from your dinar. [latest guru updates will continue below..]
8-6-2015 Newshound Guru Aggiedad77 Article: "Deputy Speaker of Parliament confirms the existence of 17 laws ready for the second reading" Parliament just announced they have 17 laws that are ready for the second reading...these 17 and a handful of others who by their very nature are the SUPER powerful of all laws...
8-6-2015 Intel Guru Mnt Goat ...each month end, the government of Abadi is reviewed for progress on these reconciliation reforms. We now know that there are 30 reforms and about 20 of them are done. There is so much concern and emphasis now for the completion of these reforms since mid August will make the 1 year outer timeframe for completion of these reforms. These reforms need laws in order to implement them. This is why I keep harping on the completion of these laws as they relate to the RV. No reforms No RV...sorry Charlie...! They are down to the end of their timeframe to complete these reforms... This effort could not go on forever and this end had to come someday. I believe this is the beginning of our RV window and if they can complete these reforms on time we have a wonderful opportunity to see the currency reform and the project to delete the zeroes also being applied.
8-6-2015 Newshound Guru Millionday [I love seeing the process that they are going through. It gives me hope that the RV will be showing soon.] I AGREE -- SO MUCH HAS HAPPENED IN THE YEARS WE HAVE WATCHED THIS ADVANCE -- GREAT PROGRESS.
8-6-2015 Newshound Guru Kaperoni Article quote: "the national strategy to promote the private sector is in three phases implemented over 15 years," The good news is we can see a real determination to implement the market economy now over just talk..starting with the tariffs, the CBI providing funds, then the sale of the 200 or so state companies, laws, etc. Real tangible proof of moving forward. With a clear goal for the government to step back from the development in a year or so...as part of the 3 phases to self sufficiency. The good news is that the pressure created will raise the value of the dinar over the next few years as a result. We must wish them success in this to achieve our goal!
8-6-2015 Intel Guru Mnt Goat Article quote: “...the Government of Babylon ready for direct transfer of powers from eight ministries, noting that the purpose of the transfer of powers is to provide services quickly without hindrance or delay.” I told you Iraq might get a 3 month extension on the decentralization effort... Well now I have to tell you this 3 month extension was rejected due the unconstitutionality of the decision by the council of ministers. Thus the effort scheduled for completion on Aug 5th, yesterday is still on the radar. ...who is actually holding up the transfer...Is it the provinces or the government ministry? ... they are telling the people indirectly it is the government holding back the transfer to their provinces. We do know the culprits (which ministries involved)...most of these ministries are not BIGGIES (meaning critical ministries) except one, the finance ministry. Why has the finance ministry not yet transferred to most provinces? Do you want to take a guess? Let’s see how this plays out over the next couple days since we know they are attempting to meet this Aug 14th timeframe for all the reforms, decentralization being one of them. If they are late by a couple weeks we don’t care as long as its not 3 months...lol…Isn’t this exciting?
8-6-2015 Newshound/Intel Guru BGG [What s going on with Parliament? I thought after Ramadan they were going to get right to work. I just checked their agenda...and no laws of importance are on the agenda clear thru Aug 15?] in retrospect...everyone expected as much - However, the struggle seems to be significant...the news out today is actually high-level meetings with the "3 presidencies" meeting on how to fix the economy and corruption. NOW. ...in light of this news I am very hopeful.
8-6-2015 Intel Guru Mnt Goat I wanted to reinforce the stance that the new customs and tariff law IS IN EFFECT however it is a new law and is being met with much resistance in some provinces as they try to find loopholes. Some ask the question as to how can the Iraq people afford these news goods as the tariff fees are passed on to the consumer? Also they say there must be an increase in the value of the dinar (an RV) to compensate for this increase.
8-6-2015 Newshound Guru Adam Montana [can we expect the rv This year...?] There is a great chance that it's this year.
8-6-2015 Newshound/Intel Guru BGG Quote: "...the International Criminal Court to expedite the arrest of Nouri al-Maliki process before likely smuggled to Iran". Looks like they might move on Maliki soon.
8-6-2015 Newshound Guru Aggiedad77 Article quote: “...the central bank in a statement received (WAM) a copy of that "will be announced the launch of 5 trillion dinars loans to banks Bank convened a press conference on Saturday." Some of you are quick and picked up on this being the topic for Saturday's meeting but who can grasp the meaning of such a meeting at the Sheraton...why there and why now...They have put money on the street in the recent past, but not with this kind of fanfare...and notice who will be in attendance at this "conference"...Deputy PM Shaways...CBI Governor...ministers of Finance, agriculture, industry, housing, businessmen and investors...oh and a few from the Finance Committee...why all this to roll out a loan process of 5 trillion dinars...I think like Frank [Guru Frank26...reference post 8-6-15 below] said, the world is not likely to grasp the meaning of this "conference"...it sounds like it is to be something...much more than just an "announcement" for that could have been done at the steps of the CBI...keep your eyes peeled.
8-6-2015 Intel Guru Frank26 [When Iraq goes to international status, simultaneously, will the currency go up in value? Does the country have to be international to sell the international bonds?] If it does not offer an International Rate of Interest ... Not even a skeleton will buy these dry International Bonds of Iraq. [Does your team still think that the International Bonds will go on sale August 18th?] That is 365 days for A [Abadi] to keep his promise that if not fulfilled will trigger M [Maliki] to react against him. As for DB ( Domestic Bonds)... iMO ... The FIRST of them are being sold NOW. [URGENT FROM IRAQIA TV: CBI WILL HOLD A CONFERENCE NEXT SAT AT 10 AM AT SHERATON ISHTAR HOTEL.] No one knew of THIS "CBI" MEETING ...When was the last time YOU saw a CBI meeting? And B 4 the 18th.
8-6-2015 Newshound Guru Millionday Article quote: “The bank has taken a series of decisions in recent weeks to stabilize the local currency after the dinar dropped against the dollar to 1,400 dinars to the dollar.” SO REMEMBER THE 90 DAYS CBI ANNOUNCED AND THEY ARE STATING HERE THAT THEY ARE TAKING STEPS TO STABALIZE THE DINAR... THEY ARE WORKING TO MAKE THE DINAR STRONG AND GAIN CONFIDENCE...RIDDING THE COUNTRY OF USD ON THE STREETS. [How are they ridding currency... when yesterdays auction was 352 million?] THE AUCTION IS ATTENDED BY BANKS. [SO where does that currency go?] CBI. [when did the 90 day announcement come out?] ABOUT A MONTH AGO. [didn't the IMF OR the UN ..or was it world bank give a 60 day window to act? if so when was that?] YES THEY DID AND IT WAS ABOUT TEN DAYS AGO.
8-6-2015 Newshound Guru Adam Montana [I was wondering what you think is the underlying cause for the delay of the RV?] I want to answer it in a way that might change how people are looking at this. You believe that the RV is being delayed, but what if it's not actually delayed... and things are actually proceeding exactly as planned and needed? When people think the RV is "delayed", that's because they think it was "scheduled" for an earlier date. It's my opinion that the change in the value of the dinar has been and always will be a very careful process, and it probably doesn't have a specific date. In order for the RV to be successful, we have always needed a specific situation to be present. Way back in the very beginnings of this site, I always said we need 3 things: GOI, CH7, and HCL. We have GOI. We have CH7. Now we just need HCL, and we are really really close!
8-5-2015 ***** Dinar Guru NewsFlash ***** As you know Dinar Corp. site has been down since last week. The U.S. Commodity Futures Trading Commission has issued an announcement about the situation...The full press release was sent to Dinar Guru members earlier today. If you're not a member click here now to get on the alert list...as always it's free. Stay tuned as this sobering develops...The latest guru updates will continue below...
8-5-2015 Intel/Newshound Guru tman23 When and IF the huge exchange for IQD takes place, the exchange and purchase will require newly created money...which will require a “plan to sterilize” the over supply of domestic money...When you get to the “meat” of what is described as an elusive RV...it’s not elusive...it is not just as easy as flipping a switch. There are so many damaging domino effects in different economies who would pay for the large exchange of the IQD. The control measures have to be absolute...So then we have to believe that it takes more than a few people to prepare for such an event which contradicts that only a few people know. All we can do is wait and see how they make the change and how it affects our IQD holdings. They are in the process.
8-5-2015 Newshound Guru Chattels [...with the state of corruption, security problems, Maliki etc, do you believe they could begin to handle and sustain a rate increase?] It is possible if for no other reason than I do not think that we have all of the information and we will not have information that will allow us to anticipate a favorable rate change - it is supposed to be non - transparent... it is a national secret...in , to and for Iraq. [let me put it another way, if this was a house being built, do you believe the foundation is solid enough?] it has the potential, but the when of it all is the abiding question I think.
8-5-2015 Newshound Guru Adam Montana There is a lot of buzz about a couple of major dinar dealers getting shut down or investigated. It really has nothing to do with "dinar". It's about how they did business. The dinar is still NOT a scam. There is great potential for the Iraqi Dinar to rise in value, be it a little or a lot, and we all have every right to own it, hold it, and gain from it. ...there's a lot going on, and even a little excitement building amongst my closest Iraqi contacts, but as of right now - no HCL, so no RV. That's the bottom line. In a nutshell, the IMF is actually putting pressure on Iraq to get moving, and the timeline is less than 2 months. I've always said that the IMF can't force Iraq to RV, or anything else for that matter. The CBI and GOI will do what it wants, when it wants... but this is looking like good pressure on Iraq, and that's part of why my contacts are starting to crank up their enthusiasm.
8-5-2015 Newshound Guru sczin11 THE AGENDA THRU AUG 15 ALREADY PUBLISHED. THE "IMPORTANT" LAWS ARE NOT INCLUDED...NONE OF THEM. TODAY RELEASE, COMMITTEE FINALLY READY WITH INVESTMENT LAW AMENDMENTS...READY TO BRING FOR A VOTE...BUT MUST GET ON AGENDA FIRST. ANY OTHER LAW, NOT READ YET, AT A BARE MINIMUM, IF THEY STICK TO WHAT OUR UNDERSTANDING OF CONSTITUTION IS, WILL TAKE A MIN. OF ONE MONTH TO GET TO THE GAZETTE. YOU CANT HAVE TARIFFS, SAY THE PRIVATE SECTOR IS THE KEY TO OPEN MARKET WORLD ECONOMY, WTO, ETC...WITHOUT PURCHASING POWER... I AM SIMPY RANTING RE THE NEED FOR ALL THE LAWS, IN ORDER FOR THE COMPLETION OF THE MONETARY REFORM. [post 2 of 2]
8-5-2015 Newshound Guru sczin11 [I'm told it is not implemented...tariffs.] THEY ARE IMPLEMENTED. THE TARIFFS ARE A WASTE OF TIME WITHOUT AN INCREASE IN PURCHASE POWER...THAT IS EXACTLY WHAT WE ARE SEEING IN THE NEWS NOW...JMHO. THE PEOPLE CAN NOT PAY MORE THEN THEY ALREADY CAN NOT AFFORD. [ I think the fact that the tariffs are in place and the country is in an uprore about it will bring the change we need to bring up the value...now they will demand that the laws be put into place to move the country forward.] IMHO, THEY WONT MAKE IT LONG ENOUGH UNDER THESE CONDITIONS, TO PASS LAWS SOME CLAIM ARE NEEDED..JMHO. [post 1 of 2....stay tuned]
8-5-2015 Intel Guru SteveI [You have been confident before & the RV did not happen. Is there anything different this time around?] Yes, that is very true, ISIS was not part of the plan which sure caused many problems for not only Iraq, but other countries as well. I personally think this was a huge set back for Iraq, but they will get control and push forward and be the powerful country that their assets can back up.
8-5-2015 Intel Guru Frank26 [Once upon a time many years ago...a man named XXX said the layaways would have to end...right before... IMO...] OK...Here it is: iMO ... Powers do not want Layaways sold any longer. You know why? Cause they are GUARANTEED over a 30 to 60 day period. if...If...IF... The RI/RV is near...This has to stop...This is a Fact of DRS [Dr. Shabibi] MR [Monetary Reform] of his CBI's Dinar.
8-5-2015 Newshound Guru Kaperoni "The central bank plans to put up for the benefit of financial bonds worth two billion dollars" As far as I know, these are domestic in country bonds being sold. International or bonds sold to the world market is scheduled for the end of this year..not at this time. There is a good chance if the GOI funds the budget (increase in oil prices, or other sources) they will not even issue the international bond sale. It is a last resort IMO to make meet the deficit.
8-5-2015 Newshound Guru Enorrste Quote: “The Federal Reserve's primary method of reducing the money supply is to sell Treasury securities; more simply put, they sell government bonds. This is often referred to as contractionary monetary policy. By selling bonds to the public (including commericial banks, financial institutions, and the average citizen/investor) the Federal Reserve sells a bond and takes cash out of circulation.” First, selling bonds reduces the money supply rather than increasing it. This is basic economic monetary policy. Second, it seems clear...that the CBI will remove the dinars that they receive from circulation, thereby putting upward pressure on the value of the dinar. The important thing here is that the bonds are being issued in order to reduce the money supply while at the same time making it possible for infrastructure loans to be made by the holder of the bonds.
8-5-2015 Intel Guru SteveI [Do you still thinking the rate will be 3+ range?] Yes, I believe based on the region they are in and oil sharing with Kuwait, anything less would not work.
8-5-2015 Newshound Guru OOTW Quote: "REDUCING THE LEAD OF THE NATIONAL CURRENCY" THIS LINE IN COMPARISON WITH THE TITLE OF THE ARTICLE, LEADS ME TO BELIEVE THEY ARE SIMULTANEOUSLY STATING THAT THE DINAR HAS LOST ITS RIGHTFUL LEAD POSITION IN THE IRAQI ECONOMY - AS WELL AS A POSSIBLE IMPLICATION THAT THE LEAD ZEROES MAY NEED TO BE REMOVED, THUS ADDING VALUE. THIS ARTICLE MAKES IT SEEM AS IF THEY'VE A LONG WAY TO GO...TRULY, MUCH OF THIS HAS BEEN , OR IS ALREADY BEING WORKED ON... IMHO, OUR HOLDING IN THE DINAR - AND THE FORWARD MOVEMENT OF WATCHING FOR AN INCREASE IN THE VALUE...REALLY JUST GOT STARTED IN SEPTEMBER, LAST. WE TRULY ARE MAKING GREAT PROGRESS...PLEASE EVERYONE, BE PATIENT... [post 2 of 2]
8-5-2015 Newshound Guru OOTW TODAY WE SAW A GREAT PRESS RELEASE FROM KEYWORDS - AN ACTION PLAN FOR ASSIGNING VALUE TO THE IQD! Article "Financial crisis: devaluation of the Iraqi dinar is it the solution?" WHEN THEY SAY "DEVALUATION" THEY MEAN LOWERING THE FIGURE IE AMOUNT OF THE FILS -MOVING CLOSER TO THE VALUE OF A DOLLAR...IN EFFECT "LOWERING" THE NUMBER, IE, MAKING IT "DEVALUED" BUT IN EFFECT, INCREASING THE VALUE AS THE NUMBER AMOUNT/FILS OF THE DINAR ARE REDUCED. [post 1 of 2....stay tuned] 8-4-2015 Newshound Guru sczin11 [if i remember correctly...one of the stipulations of either the strategic framework or the monetary reform is to be a member of the WTO.] THAT IS DEFINITELY PART OF THE WHOLE PICTURE, BUT THE LAST REQUIREMENT, AS FAR AS I KNOW, IS THEY MUST HAVE A UNIQUE CURRENCY, THE DINAR, AND IT MUST BE INTERNATIONALLY TRADEABLE. THEY NEED A TRUE VALUE TO ENTER THE WTO, BUT THEY DONT NEED WTO TO GET A TRUE VALUE.
8-4-2015 Intel Guru SteveI [What do you think about all of these dinar sites situations? Could this be a hint?] I think it means we are at the end of this ride. I suspected this was going to happen when it got close. We were told to look for this last year by many contacts.
8-4-2015 Newshound Guru Chattels Maliki's fate may lie with the Shia internal battle ( National Alliance ) to choose their next leader. My sense is that Maliki cannot survive in the margins of political power. He has too many enemies, so if he is not chosen as the leader of the National Alliance then he likely is indeed on the way out and out of the country to Iran.
8-4-2015 Newshound Guru sczin11 I AM ONE WHO PUT A LOT OF STAKE IN THE TARIFFS...AND I WILL REITERATE MY RECENT OPINIONS. AT THIS MOMENT, THE IMPLEMENTATION OF THE CUSTOMS AND TARIFF LAW, IS DOING JUST THE OPPOSITE, OF ITS INTENDED PURPOSE. IT WILL NOT HELP TO REDUCE THE BUDGET DEFICIT, WHICH WAS A RECENT ADDED HOPE DUE TO THE FINANCIAL CRISIS THIS YEAR. IT CAN NOT REDUCE, IF GOODS ARE NOT PURCHASED. GOODS ARENT BEING PURCHASED CAUSE THE EXPORTERS DONT WANT TO PAY, AND THE IMPORTERS ALREADY PRICED TO HIGH FOR THE AVERAGE CITIZEN, CANT INCREASE RETAIL PRICES TO REFLECT THE INCREASE IN THE COST DUE TO THE TAX. SO WITHOUT AN INCREASE IN PURCHASING POWER, WHICH WILL ALLOW THE IMPORTER TO BUY MORE FOR THE SAME DINAR THEY CAN NOT REDUCE THE COST TO THE END USER, THE IRAQI CITIZEN, TO MAKE THE GOODS MORE AFFORDABLE. THE PRIVATE SECTOR CAN NOT BEGIN TO PROSPER UNDER THESE CONDITIONS...SO YOU SEE, THE VICIOUS CYCLE HERE.
8-4-2015 Newshound/Intel Guru BGG [If they can only muster 200-228 to vote on insignificant laws...how could they ever get a super majority for the important ones?] they have called for international mediation (just over the weekend) on such issues. Could be the world powers will help "persuade" the Shia "leadership" to act right. they are aware of their short comings and have asked for intervention... all in ink... [also the world bank is watching!] with a MASSIVE hammer in their hand. [does the 60 day deadline have ANYTHING to do with an International rate?] IMHO it has EVERYTHING to do with a rate - the WB/IMF has (essentially) told them to get their AML policies in order or they will WOP them back to the stone ages (in currency value). aka - BLACKLISTED...that does not appear to be a hollow threat... and it would seem directed at Maliki and his cronies.
8-4-2015 Newshound Guru Stryker "Large Reserves Will Raise IQD Exchange Rate" ...the $10 billion that was spent out of the reserves from 2014-2015 was not a waste and a good thing for the Iraqi Dinar and it's upcoming raise in value, according to...economist!
8-4-2015 Intel Guru Delta The only thing left is the currency reform. They must lift the 3 zeros and move forward. In my opinion...you will never see an international bond without the currency reform. We will not see an international rate without currency reform. The IMF told Iraq a long time ago...they stated specifically...they will help Iraq if they implement the tariffs and lifting the value of their currency. The tariff...they are implemented. For the IMF to give the emergency loans...they know what’s going on. The reason why I’m excited...it’s impossible to increase things with 20% taxes without increasing power of purchase. If Iraq came out at .85 or 1 to 1...that is not the true value. The true value is over 3. I’m very, very excited! I’m very anxious to see what happens this September. [post 2 of 2]
8-4-2015 Intel Guru Delta [via FrostyTheSnowman] I do have the confirmation...one bond does exist...a domestic bond. For every dollar that you are going to buy...the price is 1095 dinar on those bonds...you may not see that in the news because that happens internally within the banks. From August 2 until 31st the CBI is doing this to raise some liquidity and capital for the financial ministry in Iraq. Those bonds mature in 1 year. In one year...financial ministry has to pay you the money plus about 6% interest. I think it’s disappointing that the CBI is doing this to the citizens because we all know what’s going to happen. Say 2 or 3 months the value increases...imagine how upset they will be? In my opinion...we may not see any changes in the month of August because of those bonds. I don’t think the CBI would pull the trigger while selling those bonds. In my opinion - nothing will happen in August. If the CBI sells the bonds fast...they could increase the value. [post 1 of 2....stay tuned]
8-4-2015 Newshound/Intel Guru BGG [do you expect a huge announcement when the RV happens?] Yes, it will be visible, immediately "around the world" and no "trickle down"...you will know when it happens.
8-4-2015 Intel Guru Frank26 Maybe by the 18th...highly possible...we may have a better chance of seeing the bonds come out for the citizens of Iraq. The anti-money laundering law is in place as of right now! It was put in place today at the borders. They didn’t even want the bonds sold until this anti-money laundering law was done. Jubouri threatened that if they (GOI) didn’t get this done, he would expose what parliament was doing to the citizens. The concerns for Abadi when he took over as the new Prime Minster were serious. He told the people to give him 1 year and he would clean up all of the Maliki mess. Well guess what? Security comes in many forms. Abadi and Dr. Shabibi are one...united in getting rid of Maliki and his base. We believe now that the anti-money laundering law is in place … they can now deal with them from causing any problems. The reinstatement is something we want to see. At some point they can jump into the RV during the International phase. This has to work perfect. [post 2 of 2]
8-4-2015 Intel Guru Frank26 [via FrostytheSnowman] ...the LAWS are very important for the security for Iraq. They satisfy the borders (taxes / tariffs) those protect the currency and the revenue stream for Dr. Shabibi. ...the TARIFFS are in place TODAY [Monday]. The TAXES and TARIFFS are applied through the borders but they don’t apply to FOOD – because they need to take care of the citizens. If you want to bring a product into Iraq it’s going to cost the companies a lot of money. Those companies are pouring in because they want to be a part of the monetary reform. The only security we’re interested in is the movement of the monetary reform. The international world knows it’s coming with the taxes and tariff’s kicking in. [post 1 of 2....stay tuned]
8-4-2015 Newshound/Intel Guru BGG [can the GOI RV without the CBI?] No - they cannot. However...the GOI (various committees) want this (added value) as much as anyone... it is conceivable the GOI did this knowingly to put more pressure on the CBI to act accordingly...what I'm saying is: the GOI may be allowing the tariffs and taxes to go ahead in spite of the CBI holding things off - I hope it doesn't backfire on them (if that is the case)... [post 2 of 2]
8-4-2015 Newshound/Intel Guru BGG [did the bonds come out for purchase in Iraq?] internal bonds...yes. [has anyone heard if the tariffs actually started being implemented at Iraqi borders over the weekend?] there has been print on both sides of this - I suspect they have... however, I saw pics over the weekend of import vehicles waiting at "ports" to bring goods in... I have a funny feeling they are half afraid to bring the goods in at the new prices. tariffs without value is SIGNIFICANT PRESSURE. This is real... [post 1 of 2....stay tuned]
8-4-2015 Newshound Guru My Ladies THE CBI DID NOT SELL THE BONDS TODAY NEAR AS I CAN TELL, I CALLED ALL THE WAY UP THE FINANCIAL CHAIN AND WE CAN NOT SEE THEM. [GURU] NOVA CALLED UP HIS CHAIN AND THE SAME THING. I DID HOWEVER FIND SEVERAL OTHER BONDS FROM THE REGION FOR SALE. SO WE WAIT, BUT NOT MUCH LONGER I DON'T THINK. 8-3-2015 Newshound Guru My Ladies Article: "Iran plans to offer more generous terms to oil investors" WELL HERE WE SEE IRAN COMING IN STRONG AND WITH SOLID CONTRACTS THAT ARE MORE APPEALING THAN ANY OTHER IN THE REGION, SO I REPEAT WE SHOULD SEE SOME REACTION FROM IRAQ SOONER THAN LATER OR THEY WILL TURN INTO THE BIGGEST FAILED PROJECT THE USA HAS EVER TAKEN ON. I’M NOT EXPECTING THAT WILL HAPPEN. ...DEALS WITH IRAN ARE LOOKING BETTER FROM THE JUMP THAN THE CONTRACTS IRAQ HAS AND COUPLE THAT WITH NO PAYMENT ON THEIR CONTRACTS AND IT COULD GET SCARY FOR IRAQ REAL FAST. THE DINAR NEEDS TO BE CONVERTIBLE AND REFLECT VALUE IN ORDER FOR ALL THIS BACK MONEY TO BE PAID. SO WE CONTINUE TO WATCH IF ONLY FOR A LITTLE LONGER.
8-3-2015 Newshound Guru Memphis [new Guru] [ARE THE TARIFFS AND TAXES BEING IMPLEMENTED A SIGNIFICANT STEP IN THE MONETARY REFORM? WHY OR WHY NOT?] There are many markers that will point to the end stages of Iraq's monetary reform and among them is implementation of the tariff on all goods. I have been watching the latest push as it APPEARS they are serious this time. Now as to why? The WTO has placed it as a requirement to membership and along side this the WTO has also mentioned their interest in seeing the dinar valued more on par with the USD. So I have always viewed it significant as a marker that the end is near.
8-3-2015 Newshound Guru tlm724 Article quote: "The law of customs tariff applied in three phases, the first was on the specific types of goods, and the second more goods," noting that "the application of the third phase began first on Saturday, (the first of August the current 2015), on all goods entering Iraq" 1,2,3 it's a done deal! Quote: "the General Administration of Customs created the supplies necessary for the application of the law at border posts," pointing out that "the law will allow Iraq to join the WTO membership global" now we're rockin!
8-3-2015 Newshound Guru sczin11 [ I didn't know the MONEY LAUNDERING Law was passed.] CABINET DID PASS IT AND SENT TO HOR.
8-3-2015 Intel Guru Mnt Goat I know the plan as it was detailed to me many months ago. All these aspects are interrelated and interconnected such as the needed reconciliation (or Erbil), security, banking and relations with neighboring countries. But our attention now should be on Abadi and the Reconciliation effort and its completion since we see these other areas there are no issues and are under control. Did the Customs and Tariff law get enacted? YES...It positively did get enacted and is now in full force. I am hearing the rollout of these new taxes is slow and so far the impact is MINIMAL thus the pressure to RV is minimal impact also, but only for now. [post 2 of 2]
8-3-2015 Intel Guru Mnt Goat They are down to the end of their timeframe to complete these reconciliation reforms I have referenced so many times already. This effort could not go on forever and this end had to come someday. The WTO wants them as members and they are slotted to ascend to full member pending currency reform and tariff implantation. Remember it is always all about the $$$$. Having tariffs means a % goes to the WTO automatically through the software payment system. This could mean billions annually for the WTO. Having an international currency means ease of trade and payments, but it also mean having the rate set in the exchanges where they need to reference it for conversion in the software system... It is all interconnected. [post 1 of 2....stay tuned]
8-3-2015 Newshound/Intel Guru BGG [by tariffs going today is that the proof we needed?] not entirely...they may be able to absorb these "internally" for a while... but sooner or later "market forces" take over. [If a tariff is place on something coming into country, isn't that International?] It is possible to implement tariffs without an RV - but it puts a lot of pressure on the CBI - it is not impossible to think this is what they intend. If the CBI won't do this - the GOI moves forward without their approval.
8-3-2015 Newshound Guru OOTW [What news are you liking or find most interesting / encouraging these days?] I have to say the tariff news right now...how much longer can they go without increasing the value of the dinar, even if only double to give the people some buying power without protests...protests are going to happen - the people are not going to stand for this decrease in purchasing power for long. [My take from the news is that actual implementation has begun, do you agree?] yes it has. ...remember the govt has been adamant about telling the people that the cbi can back the currency twice over: "have double the reserves to back the dinar"...the tariffs are going to definitely cause a trickle down effect.
8-3-2015 Newshound Guru Millionday "National Expert Group announced to promote the private sector...including soft loans worth six trillion Iraqi dinars, confirmed that the government had promised to implement the program within a week or two weeks." THEY SEEM TO BE CONFIDENT THAT THEY WILL BE IN A POSITION TO ACTIVATE THE PRIVATE SECTOR ...THIS IS HUGE...GREAT NEWS. [They must feel they are going to get the Money Laundering taking care of that the world bank wants to get these loans, within the next few weeks then.] THE CABINET HAS PASSED ALL MONEY LAUNDERING AND TERRORISM FUNDING LAWS...SO IT WOULD SEEM THEY ARE CONFIDENT.
8-3-2015 Newshound Guru wmawhite What is driving this is very difficult for even an economic major to understand. This is not a single faceted event. There are many layer to it. For the first time in 30 years, today the IQD is listed on the bond market screens in many places around the world... we have so many reason to be happy with what is happening. ...it is happening in front of us...we just need to be able to recognized the numerous indicators there are evidence of this event.
8-2-2015 Newshound Guru Breitling …Let’s break this down…They’re issuing bonds because the economy is at a certain level. They are also reducing the note count like crazy. They are also going to issue the bonds in US dollars. They pull those US dollars off the market and get them in the reserve and they are still lowing the competition between the two currencies in the country. I can’t see anything negative in there. I can’t see a trend in Iraq where they are spending less. Right now the economy of Iraq is based on people eating and the daily functions. There’s really not much outside of that right now. So that’s not going to stop…that’s the foundation. The biggest fear is them not moving and we’re way past that. [Post 2 of 2]
8-3-2015 Intel/Newshound Guru Poppy3 ...EARLIEST WE WILL SEE CHANGE IS MONDAY AND ANYTIME, ANY DAY THERE AFTER.
8-3-2015 Newshound Guru Arthur ONE OF MY MOST TRUSTED CONTACTS TOLD ME, AND I QUOTE “GOOD LUCK GETTING THROUGH THE WHOLE MONTH OF AUGUST WITHOUT TOTAL AND CATASTROPHIC IRAQI GOI/PARLIAMENT IMPLOSION IF THERE IS NOT REAL MONETARY AND CURRENCY REFORM IMMEDIATELY.” THERE ARE NO MORE CANS TO KICK NOR ROADS TO KICK IT DOWN. EVEN AS EARLY AS WITHIN THE NEXT 48 HOURS WE WILL HAVE SOME ANSWERS AS TO RATHER TAXES AND TARIFFS ARE IMPLEMENTED ALONG WITH SOME UPWARD PIPS IN THE MOVEMENT IN THE DINAR AND ITS POSSIBLE MOVEMENT FROM EXOTIC TO INTERNATIONAL. THE NEXT COUPLE OF WEEKS SHOULD TELL US A WHOLE LOT AS TO RATHER THIS COULD REALLY AFTER ALL THESE YEARS BE OUR MOMENT. [post 2 of 2]
8-3-2015 Newshound Guru Arthur I WOULD HAVE TO WRITE A NOVEL AS TO THE SPECIFICS WHY I HAVE THIS STRONG POSITIVE FEELING ABOUT AUGUST AND SEPTEMBER...ALL THE TELL TELL SIGNS WE HAVE ALWAYS BEEN LOOKING FOR APPEAR TO BE THERE THIS TIME. I AM NOT GONNA’ GO INTO THE INTEL I HAVE FROM 4 STATES ALL THE WAY UP TO THE AMERICAN SENATE LEVEL, TO THE 2 OR 3 CONTACTS I STILL TRUST IN THE MIDDLE EAST. EVERYONE OF THEM ARE SAYING THERE IS SOMETHING ABOUT TO HAPPEN WITH THE IQD. BEYOND INTEL THAT HAS PROVEN TO BE MOSTLY CLUELESS OVER THE YEARS...THERE ARE THE FACTS ON THE GROUND THAT WE CAN SEE AND VERIFY WITH OUR OWN EYES. BUT I ASK YOU TO LOOK AT WHAT COULD BE THE MAIN FACTOR RIGHT NOW WHICH IS THE FACT THAT THE GOI IS UP AGAINST AN EVER GROWING THREAT OF IMMINENT CIVIL WAR. I HAVE FACTUAL UNDENIABLE INTEL COMING FROM IRAQ LEADING ME TO BELIEVE WE ARE RIGHT ON THAT THRESHOLD. [post 1 of 2....stay tuned] 8-2-2015 ***** Dinar Guru Newsflash ***** It appears another Dinar dealer is under some sort of investigation by the FBI. Following Sterling's visit in June, Dinar Corp's website appears to be down and reports from gurus and community members is their site name is now under government control. Dinar Corp has not made a public statement yet regarding what's going on but Guru BGG expects one soon. Stay tuned as this very concerning story unfolds...
8-2-2015 Newshound Guru sczin11 I AM VERY CONFIDENT THERE MUST BE A RATE CHANGE IN A FAIRLY SHORT ORDER, ASSUMING CUSTOMS AND TARIFFS REMAIN IN EFFECT...
8-2-2015 Newshound Guru My Ladies ON THE BOND ISSUE, LET’S JUST WATCH WHAT TOMORROW BRINGS WHEN THE ENTIRE GLOBE IS AWAKE. RIGHT NOW THE CBI AND OTHER OFFICES IN IRAQ ARE STILL CLOSED WITH 118 DEGREE TEMPS AND LIMITED ELECTRICITY. I HAVE EVERY CONFIDENCE THIS IS THE BEGINNING OF THE BEGINNING. WE NEED TO SEE HOW THEY ARE SELLING THEM AND I'LL HAVE A BETTER PICTURE TOMORROW WHEN THE MARKETS ARE OPEN. WE HAVE 8-10 YEARS IN THIS ANOTHER FEW DAYS WAITING SHOULD BE A SNAP. ...WE ARE ALMOST THERE AND NOT BECAUSE SOME IRAQI PAPER TOLD US SO. IT IS BECAUSE THE NEW BANKING SYSTEM TOLD US SO. THE TRIGGER HAS ALREADY BEEN PULLED THE NEW SYSTEM IS IN. THERE IS NO STOPPING IT NOW.
8-2-2015 Newshound Guru Breitling …to issue bonds…they have to have a certain amount of confidence in their economy…there is sentergy here. They are raising money from those bonds to get the economy running even more. Bonds are an indicator that they are at a certain level with their economy…this is with ISIS and the insurgency and the competition between the Shia and Sunni…the numbers are fantastic for Iraq. I don’t go on feelings I go by the numbers. the numbers say plus and the trend is that it will keep going up. [Post 1 of 2 stay tuned to the rest of the story
8-2-2015 Intel Guru Mnt Goat So today is the beginning of the last stage of this timeframe for Abadi to get these reforms completed. Iraq is now in the final countdown. If they can be successful in this effort we have an excellent window to see this currency reform by mid August through mid September. I am not predicting an RV but just telling you what is in the plan and the deadline I am aware of. They are down to the wire. I believe we could never ever be so close to having this currency reform completed. [post 2 of 2]
8-2-2015 Intel Guru Mnt Goat ...about 9 months ago...I began to tell you about the need to implement the 27 reforms and that these reforms were nothing more than the Erbil Agreement of 2009-2010 re-packaged into the Reconciliation or Unity Reform effort. Well I was partially wrong – it’s now actually 30 reforms in total. I also said that in mid August mid 2014 timeframe the parties involved gave the Abadi government 1 year to make good on the implementation of these reforms... I also told you at this time Iraq would have to complete these reforms in order to get any RV. In fact one of the reforms itself is the currency reform we all have been waiting for. This is the plan. [post 1 of 2....stay tuned]
8-2-2015 Newshound Guru Kaperoni [if Iraq goes asset backed they'd literally be the wealthiest country in the world imo...with very little debt overnight...which imo would take it over 10 cents..basel 3 assets.] it could...we can hope so...some believe selling these bonds is the beginning of that pressure. A kick start of sorts reducing the money supply creating demand for the dinar. I am not so sure. But if so, then they expect the laws to pass in short order and investors to come thereafter contributing to the pressure. One thing is for sure, it appears we will see if the transition to a market economy is going to take off or not over the next few months...And that is something to look forward to watching. [...the next few weeks "should be" a barn burner.] Well I am not as optimistic to say "weeks" but nothing wrong with that. [post 2 of 2]
8-2-2015 Newshound Guru Kaperoni We are seeing some progress...Tariffs are in effect also taxes on electric and cell phone...And the GOI gave away power today to several provinces which to me is a bigger deal. Bond sales of about 2 trillion dinar start locally, not internationally as some reported. [You still believe we wont be in the .70 or .90 range in the next year or 2?] yes...maybe a dime by early 2017...all depends on how the economy grows and if parliament passes laws...you cannot look at a currencies value as what they need. A countries currency is a result of a countries GDP, growth, investment, etc. If the investors come, it will go up. Not the other way around. If the laws pass, and the flood gates open up, investors come in, investment comes through the Capital Account of the CBI, the dinar will rise...the counter to inflationary pressure is to raise the rate of the dinar...the more pressure, the more the cbi will raise it. When and how fast is relative to that event. [post 1 of 2....stay tuned]
8-1-2015 Newshound Guru sczin11 REMINDER... CBI WAS CLOSED ON THURSDAY FOR THE HEAT HOLIDAY...THEY MAY REMAIN CLOSED THRU SUNDAY, AS THAT HOLIDAY WAS EXTENDED UNTIL THEN...SO, WITH THAT BEING SAID, WE ARE IN THE DARK POSSIBLY UNTIL SUNDAY NITE WITH FOREX, OR MONDAY MORNING WITH CBI...AS FAR AS SEEING ANY CHANGE IN EXCHANGE RATE...
8-1-2015 Intel/Newshound Guru Poppy3 IMPLEMENTATION OF FULL TARIFFS AND OTHER TAX LAWS NOT TILL AUGUST 2ND MAKING MONDAY THE FIRST OPPORTUNITY FOR US TO REALLY SEE CHANGE IN A RATE. TIME WILL TELL...
8-1-2015 Newshound Guru Kaperoni ...I do not believe there is any relation between the 1095 rate and the official CBI rate of 1166. All these bonds are doing at 1095 is building in the return (interest). Just like a US savings bond does (you pay $10, and in 20 years its worth $25). As for the Tariffs, often a supplier and retailer will absorb the tariff (slight reduction in profit) so the consumer may not be impacted at all. We will have to wait and see if the additional cost changes trickle down or now. Implementation of these certainly does not mandate a RV...
8-1-2015 Newshound Guru My Ladies THIS IS AN EXCITING WEEKEND FOR US. WE KNOW THE BONDS ARE GOING TO CROSS BORDERS TOMORROW AND I AM BEYOND ANXIOUS TO SEE HOW THEY DO IT.
8-1-2015 Intel/Newshound Guru Poppy3 TARIFFS FROM WHAT DR SHABIBI STATED WOULD NOT EVEN PAY FOR THE 3000 WORKERS IT WOULD TAKE TO MANAGE AND COLLECT THE TARIFFS THROUGHOUT THE COUNTRY... IMPORT AND EXPORT. FOR THAT REASON I EXPECT TO SEE A NEW RATE AND OBVIOUSLY THE RATE MUST BE SUBSTANTIAL IF THEY ARE TO FULFILL ALL THEY HAVE THAT REQUIRES FUNDING. WE WAIT WITH GREATER EXPECTATION TODAY AND THIS WEEKEND. EVERYTHING DOES LOOK MORE PROMISING THAN EVER BEFORE.
8-1-2015 Newshound Guru Millionday Quote: "The head of the minister for economic affairs adviser appearance of Mohammed Saleh, Wednesday, that the application of the decision tariff will not change schedule will apply on time." PLANS SEEM TO BE GOING FORWARD ON TIME... [SO WHAT HAPPENS IF THERE ARE TAXES AND NO RATE CHANGE?] THE COST OF LIVING NEEDS TO RAISE IN COUNTRY FOR ELECTRIC ETC -- BUT THE TARRIFF NEEDS TO IMPACT PRICING FOR COMPETITION TO BE SUCCESSFUL -- IMO...GREAT QUESTION... [IF these tariff and taxes start tomorrow [Saturday] without a rate, that will hurt the Iraqi citizens cause they won't have the money to pay for the items that they need with the taxes added to it?] I BELIEVE THEY ARE FOR EXPORTS ETC -- NOT LOCAL PRODUCTS AT THIS POINT. 7-31-2015 Newshound Guru BGG …They are looking to deal with corruption in the Central Bank is literally huge…that’s almost a direct response to the boldest threat the IMF and the World Bank made to Iraq. They plainly told them if they don’t handle their situation [money laundering and corruption] in the next 60 days they are going to blacklist their currency and it won’t be worth anything. That would be terrible for Iraq and they don’t want that.
7-31-2015 Newshound Guru Kaperoni Article "Parliamentary committee: the government agreed to transfer the powers of eight ministries to the provinces" ...Council of Representatives, for the federal government approval for the transfer of the powers of eight ministries of service to the provinces, next Sunday." This seems like a pretty big deal and it is happening Sunday.
7-31-2015 Newshound Guru My Ladies [tariffs and power transfer still looks like a go?] YEA IT DOES, IT ALL LOOKS GOOD...
7-31-2015 Newshound Guru NOVA ONE THING THAT I ENJOY ABOUT FOLLOWING THE IQD AND THE NEW ECONOMIC ENGINE THE MOST...IS KNOWING WHEN THE FACTS ABOUT 2015 ARE WRITTEN DOWN IN THE HISTORY BOOKS...2015 WILL BE SEEN AS THE START OF AN AMAZING ECONOMIC RUN THAT THE WORLD EVER SAW COMING! AND YES THIS IS NOVAS WAY OF SAYING HE IS EXPECTED! (Excited).
7-31-2015 Intel Guru Mnt Goat Articles: "PARLIAMENTARY FINANCE CONFIRMS THE CONTINUATION OF THE "CENTRAL" TO PRINT NEW BANKNOTES: WILL GO WITHIN DAYS" "Securities Available To The Public Raise The Credit Rating of Iraq to Facilitate External Borrowing" Absolutely predictable and like clock work. Confirms absolutely everything I have been talking about these last months. These coming weeks the window remains the same and I have to say that if we do not see some change in the currency status I will be amazed and totally baffled. I am very, very happy and so should you!
7-31-2015 Newshound/Intel Guru Randy Koonce When the Tariffs take place on the first the Rate should be in the same range it could be a little higher depending on the last arrangement on the HCL that Barzani negotiated. So Unless Parliament changes the date again.. Which they do not meet until next thursday...or there is a loophole none of us know about...then we should see the RV prior to the tariffs if we do not see it then there was a loophole that none of us know about...we are very close even if we do not see on the 1st the excuses are running thin...So to sum up we know they need RV before tariffs, and the bond article is bogus... and barzani is needing his money...GO Barzani...We are close... Every large bank will exchange.. RELAX the RV is coming... Barzani is the Person that has to be paid... and Iraq nor the US can do this without Money and the only way for that is RV... [post 2 of 2]
7-31-2015 Newshound/Intel Guru Randy Koonce One of the biggest things that we have going for us right now is the tariffs they are going to start on the 1st of August. At least they are suppose to...The papers are saying that they are so lets just say they are...The reason they did not RV yet was the president. Now that the president has run out of excuses for not letting Iraq pay the kurds he is going to have to pay barzani which has lead to Iraq starting the tariff articles...Also another major article came out with the bonds selling at 1095 anybody in there right mind should have caught that article as bogus... that was disguise the rate it will actually come out... One of the things we know is the provisional budget that they were going to pay Barzani was going to be in effect from October to the January... and the rate was going to be in the 1.00 to 1.23 and they were then going to pay barzani a portion of the back oil that is owed him and then in a few months re RV and pay the rest... [post 1 of 2....stay tuned]
7-31-2015 Newshound Guru My Ladies [IF Aug 2nd brings a verifiable international currency, does that mean the currency can only change in 2% increments? Or is Iraq able to go in and make a substantial change at any time?] NO 2% IS THE STANDARD OR THE NORM ON FOREX, IRAQ CAN DO WHAT EVER THEY WANT WHENEVER THEY WANT TO DO AFTER THEY GET THEIR CURRENCY TURNED ON.
7-31-2015 Newshound Guru Millionday ...ONE THING THAT IS MORE THAN OBVIOUS -- THE POWER OF THE PRIME MINISTER IS OF COURSE MASSIVE BUT -- WHEN YOU LOOK AT THE IMPACT ON JUST THE INVESTMENT AND LAWS ACCORDING -- IT SHOWS US ALL JUST HOW INCLUSIVE EVERYTHING IS WHEN IT COMES TO MALIKI`S PREVIOUS POSITION --- HUGE. JUST ONE OF THE MANY REASONS IT WAS SO IMPORTANT TO REMOVE MALIKI IN A VERY IMPORTANT WAY IMO. [There was an article out this morning that Maliki was leaving again...any truth to that?] I SAW THAT HIS CHARGES APPEAL WAS DENIED AND COURT WILL GO FORWARD ACCORDING TO MASSIVE REPORT. I THINK THAT HIS REMOVAL WAS A GREAT MOVE FOR NEW IRAQ AND THE INTENSE PLANS MADE FOR THEM. THE WORK BEING DONE IS AMAZING.
7-31-2015 Newshound Guru Enorrste ...my point was that unless they also reduce the value of the money supply then the issuance of the 50k and 100k notes will be worthless. Reducing the amount of paper in circulation may be a "feel good" for the people, but the CBI must have a greater goal in mind than that. Several articles have stated clearly that the issuance of the larger notes will improve the value of the dinar. The only way to achieve that is to reduce the value of the money supply at the same time they are reducing the paper. Otherwise the dinar won't rise in value and the even exchange will have been a waste of time and money. It will take more than just reducing the demand for dollars by giving the people an alternative. An even exchange gives them the alternative to move to dinars but does nothing in itself to raise the value. Only a reduction in the total value of the money supply will raise the value, and the CBI has stated that this will raise the value. Ergo, the value of the money supply must fall. [post 2 of 2]
7-31-2015 Newshound Guru Enorrste Article quotes: "...in the process of printing banknotes category 50 000 dinars to put forward in the Iraqi market early next month..." "2016 will see a new printing papers 100 000 dinars class to put on the market," We should not expect to see the float begin prior to the issuance of the 100k notes, in my opinion. Things have, once again, slowed down. However, if the issuance of the 50K notes results in a stop to the fall of the dinar or even an approach of the street rate to the official rate, then the CBI might step up the introduction of the 100K notes to get the ball rolling faster upward in value. The big question is whether this plan will even work. If it is an even exchange only then there will be no change in the dinar value. If, on the other hand, they are able to reduce the total VALUE of the money supply through this plan then we should expect to see the dinar begin to rise in value. It is my opinion that they want to have some serious upward pressure on the dinar prior to initiating the float. If they can get locals away from dollars and into dinars then the demand for dinars will grow, putting that pressure into play. The big question is: IF. [post 1 of 2....stay tuned]
Read more: http://www.dinarguru.com/#ixzz3jSbGLhAg
7-30-2015 Intel Guru Mnt Goat This week I referenced that a window for a possible RV opportunity was here and everything looked fantastic. This window remains the same and I have to say that if we do not see some change in the currency status this time I will be amazed and totally baffled over this saga. We also know this event has to happen soon since joining the WTO, implementing the tariffs. customs and sales tax along with the issuance of the international bond drive almost speaks for itself. Personally I am hearing the rate is expected to come out very low probably still within 1000 to 1100 range and them in about 4-7 days a full blown RV is designed in the process. I suspect their intent is to sell bonds at this international rate to begin with around Aug 2nd , then a week or two roll out a significantly higher new rate to the international exchanges worldwide. What they plan to do is sell bonds at the very low rate and let the market drive it for about 7-14 days then adjust it.
7-30-2015 Newshound Guru wmawhite [the 1095 is for the bonds not the rv exchange right or not?] We and the world has been informed by the CBI that they are selling bonds to the retail market (outside of Iraq) and at a fixed RATE...fixed RATE...of 1095 IQD. This we know...This is important...HUGE step...what we don't know is what is there next step. We all have opinions. And some of those opinions come from what they have told us they want done immediately...everything the CBI has announced in official letterhead they have done. Although the 1095 is a small move from 1166 it is very significant for the IQD to move outside of Iraq...HUGE! [these next few days should be very exciting to see!] Yes...this is what we have wanted to see at a minimum. [post 2 of 2]
7-30-2015 Newshound Guru wmawhite That CBI announcement also stated that they were marketing those bonds to "investors abroard." ...Abroard! and at an exact exchange rate of 1095 IQD. [Is 1095 an entrance rate to the world markets?] Possibly...but all we want is for the IQD to go outside of Iraq...become an exchange rate that other currencies can exchange with. [if they do enter at 1095, a float is inevitable IMO.] Not necessarily so. Remember, the CBI can not delete the three zeros from the current program rate of 1166...it needs an exchange rate. [can they just adjust it?] Yes, the CBI by law owns the cuurency....the GOI just uses it. The CBI can do whatever they feel is best for the currency. [didnt they say they wanted to be comparable to Kuwait's rate?] Yes that is true...they still want to do that. [post 1 of 2....stay tuned]
7-30-2015 Intel/Newshound Guru Poppy3 THE WORLD BANK GIVING THE ULTIMATUM FOR A DEADLINE OF 2 MONTHS OR 60 DAYS --- WHAT THAT ARTICLE SAYS TO ME IS THERE ARE SO MANY THINGS THAT REQUIRE THE FIRST THING TO BE DONE FIRST TO COMPLETE THINGS BEFORE THAT DEADLINE...MEANING THEY HAVE TO ASSIGN A NEW RATE BEFORE ALL THESE OTHER THINGS THAT APPEAR NOW TO BE REQUIRED TO BE COMPLETED...LIKE BOND SALES, BUDGET FUNDED, PAYING THE PEOPLE...THAT BY THE WAY HAVE ALREADY STARTED PROTESTING...AND A LONG LIST OF OTHER REQUIREMENTS THAT CAN'T BE COMPLETED WITHOUT A RATE. TIME WILL TELL BUT THE PRESSURE IS ON HARDER THAN EVER AND IT IS OBVIOUS.
7-30-2015 Newshound Guru Kaperoni Article quotes: "...in the process of printing banknotes category 50 000 dinars to put forward in the Iraqi market early next month..." "2016 will see a new printing papers 100 000 dinars class to put on the market," Looks like the 50k in a week or so, and then early 2016 the 100k. These will set the stage to begin to raise the value by reducing the physical note count from 4 billion notes to 1.8 billion notes or about. As well, it will help citizens by reducing the amount of notes they carry. Since this is the decision, it is good to see it happening...progress.
7-30-2015 Intel Guru Frank26 The dinar's value is supported by the existence of Iraq's Borders because without it...The dinar can remain at 1166... And will. It does not directly change it for it cannot but the T and T's (Taxes and Tarrifs) will protect the dinar and her new value when DRS [Dr. Shabibi] decides to lift the three zeros.
7-30-2015 Intel/Newshound Guru tman23 Both Baghdad and Kurdistan declared a public holiday for the next 4 days because of the heat wave...What makes this interesting is the forecast for the next 14 days is no different... So, I guess we will see HOW they open the month of August.
7-30-2015 Intel/Newshound Guru Poppy3 Press Release: "The head of the minister for economic affairs adviser appearance of Mohammed Saleh, Wednesday, that the application of the decision tariff will not change schedule will apply on time." ...DR SHABIBI STATED THE TARIFFS WOULDNT EVEN FUND THEMSELVES AND THE THREE THOUSAND WORKERS IT WILL TAKE TO COLLECT IT WITHOUT a rate change? SOUNDS LIKE EITHER SOME DEAL HAS BEEN MADE OR ITS ONLY A PARTIAL TARIFF OR WHO KNOWS WHAT UNLESS WE SEE A RATE CHANGE. TIME WILL TELL AND EITHER WAY WE WILL BENEFIT FROM THE NEW RATE THAT IS COMING.
7-30-2015 Newshound Guru tlm724 Quote: "General Administration of Customs confirmed its readiness to implement the pricing tariff law on imports through border ports of the country, to be implemented from next Saturday..." so there we have it right from the General Administration of Customs that the tariffs will begin on August 1st in full force. the question remains will they tax the people at 1166 dinars per dollar or will they increase the purchasing power of the dinar to offset the burden on the poor? there is much riding on their decisions going forward. ...the US Treasury is there, the IMF is there and the UN and World Bank...big meetings going on as we speak with the US Treasury etc. I am really excited!
7-30-2015 Newshound/Comedian Guru Mountainman Article: "Iraqi Government Declares 4-Day Holiday Over Severe Heatwave" Quote: "Iraq's Council of Ministers has declared a four-day mandatory holiday beginning Thursday as temperatures are set to soar above 50 degrees Celsius (123 degrees Fahrenheit)." You see The MONETARY REFORM is sooo HOT.....They have to move that Rate for Liquidities sake!!! lol
7-30-2015 Newshound Guru Adam Montana [Tell me your opinion on the dynamics of this administrations deal with Iran...Can this dynamics change delay or torpedo the RV along the CBI's previously stated targets for revalued currency?] The deal with Iran is definitely going to have an impact...In my estimation, this should push Baghdad to move quicker, which would also push the need to revise the value of the currency.
7-30-2015 Newshound Guru sczin11 I AM NOT AN ECONOMICS MASTER, BUT I BELIEVE THIS IS MORE A MATHEMATICAL EQUATION, AND GOOD FINANCIAL ADVISING...THE MATHEMATICS IS HOW WOULD THERE BE ENOUGH DINAR IN CIRCULATION, WITHOUT RUNNING THE PRINTING PRESSES 24/7, TO COVER TAXES AT THE CURRENT EXCHANGE RATE? THE FINANCIAL SIDE OF THE EQUATION, IS THAT THE COSTS OF GOODS WILL BE GOING UP, THUS LOWERING THE PER CAPITA LEVEL OF LIVING AND PUSHING THE AVERAGE IRAQI IN A SITUATION LOWER THEN TODAY, IF THAT IS EVEN REMOTELY POSSIBLE. THIS IS A CRITICAL TIME FOLKS... [post 2 of 2]
7-30-2015 Newshound Guru sczin11 ...BASED ON WHAT I HAVE SEEN TODAY, WITH ONE WORK DAY BEFORE THE 1ST, THAT BEING TOMORROW [THURSDAY], I WILL GO OUT ON A LIMB AND PREDICT THE CUSTOMS & TARIFFS ... WILL BE IMPLEMENTED AS PLANNED...SATURDAY AUGUST 1, 2015. [If that is the case, will they HAVE to HAVE an RV by then?] WILL PRIME MINISTER ABADI, ALLOW THE PEOPLE OF IRAQ TO SUFFER FURTHER? CERTAINLY WAS NOT PART OF HIS PLATFORM...ECONOMIC REFORM CAN NOT EXIST WITHOUT MONETARY REFORM... CAN PM ABADI ALLOW THE COSTS OF GOODS TO INCREASE, AS OPPOSED TO DECREASE? [post 1 of 2....stay tuned]
7-30-2015 Intel/Newshound Guru tman23 [If the World Bank has imposed a 60-day deadline on Iraq, do any of you seeing Iraq trying at all to comply with what they want? Have they approached compliance at all? Are they even talking about it?] The FED COURT ACT... Unless they get this done, all other laws are in question...It appears that they are ready to vote by majority even if the Kurds boycott the vote... They are in dire straits and by the words of the World Bank, time is of the essence...a deadline was placed.
7-30-2015 Newshound Guru Kaperoni Article: "Securities available to the public raise the credit rating of Iraq to facilitate external borrowing" To me, it seems clear the purpose of these bonds is to get the dinar out of the mattresses and pillows and to the banks to buy these guaranteed bonds payable in dollars in 12 months. As a result, the banks get the dinar to circulate and relieve the liquidity crisis as stated..."to provide financial liquidity to limit the financial crisis". I don’t see the CBI removing dinar or reducing the money supply with these bonds. 7-29-2015 Intel/Newshound Guru tman23 Anytime they get close like 2012...a group reacts with creating chaos to delay the process...as like the removal of Shabibi after Abadi announced the change... So now we are witnessing some real reactions across the board...since start of July it has gotten crazy insane...and the contradictions are numerous in all articles and actions... So if using confusion as an indicator...We are on the door step...waiting ...to ring the bell...
7-29-2015 Intel/Newshound Guru Poppy3 [there was an article posted...about tariff collection in august being delayed. Does anyone know how/if this affect our investment?] YES THATS TRUE BUT THE REASONS ARE ALWAYS DISTORTED IN TRUTH...MAIN THING IS THEY CAN'T COLLECT TAXES TILL THE RATE CHANGES. THE LOANS WON'T BE FUNDED OR THE BUDGET TILL A NEW RATE. THE BUDGET CAN'T BE FUNDED TILL A NEW RATE...AND IF ALL THIS STUFF IS TO BE IMPLEMENTED, COMPLETED BEGINNING IN AUGUST THEY GOT TO GET THE FIRST THING DONE FIRST AND THAT IS A RATE.
7-29-2015 Newshound Guru Adam Montana [...how's that good ol' HCL looking like from your point of view after these Ramadan days?] It can't be far off now!
7-29-2015 Intel Guru Mnt Goat Third ...just recently the UN has announced that, by implementing the tariffs on August 1st and plugging into the WTO tariff system, they will become a full member in the WTO (World Trade Organization). Fourth- How can a country become a member nation of the WTO and not have an internationally recognized currency when the UN charter specifically addresses this issue in Article 8? We have read articles telling us that the only two pieces left were implementation of the tariffs and currency reform. Fifth we have read just recently an article from parliament finance telling the CBI there COULD NOT BE A MORE PERFECT TIME TO ACTIVATE THE PROJECT TO DELETE THE ZEROS than immediately. Can you see what is about to happen? [post 2 of 2]
7-29-2015 Intel Guru Mnt Goat Earlier in the week I referenced a window approaching for a possible RV opportunity coming close at hand. Well it’s now here and everything is looking fantastic. If you are at all familiar with what has been transpiring in the news from Iraq over the last couple weeks you should be aware of just how close Iraq must be to having its provisional currency revived and going international once again. So let me set the stage for what we are being told is about to happen in Iraq. First...they fully intend to implement their tariffs, customs and taxes on every boarder crossing on August 1st 2015. Second they have told us that by the revenues generated from the tariffs, customs and sales taxes could amount to over 2 billion dinars by the end of September, if implemented on time. How can the citizens afford these sales taxes with the current rate of the dinar? [post 1 of 2....stay tuned]
7-29-2015 Newshound Guru Adam Montana Well, here we are... [Ramadan] is over, and things are starting to pick up again. ISIS is becoming less and less of an "item" in the daily news, which I expected. There is news of progress on the HCL, but no official movement as of today. That really sums up the whole situation. We need some strong HCL news to get really excited, and until that happens we are in a holding pattern. I have eyes, ears, and boots on the ground that are keeping me very up-to-date on the important stuff, and as soon as I get word that we're close I will let you know!
7-29-2015 Newshound Guru My Ladies Article quote: "Disable always on Thursday to next Sunday due to high temperatures" [Temps in Bagdad: Wednesday Clear 119°92°; Thursday Sunny 124°91°; Friday Sunny 123°92°; Saturday Sunny 122°91°; Sunday Sunny 121°90°] IRAQ IS ON AN OFFICIAL HEAT HOLIDAY UNTIL NEXT WEEK. IT'S HOT HOT HOT AND THEY DON'T ALL HAVE A/C. YEP THEY NEED A HEAT HOLIDAY.
7-29-20215 Intel/Newshound Guru Poppy3 DO THEY WANT TO GET THE PEOPLE PAID? ANSWER YES AND HAVE STATED SO SEVERAL TIMES. DO THEY NEED THE FUNDING FROM THE LOANS - YES. DO THEY WANT/NEED/EXPECT THE TARIFFS AND TAXES? YES AND HAVE SAID SO SEVERAL TIMES. DO THEY NEED AND HAVE PROMISED THE BUDGET FULLY FUNDED -- YES AND HAVE DEMANDED IT BE DONE AND ALL THESE THINGS TO BE COMPLETED IN THE MONTH OF AUGUST. HMMM NOW I HAVE BUILT MY EXCITEMENT TO A LEVEL THAT I CAN DANCE.
7-29-2015 Intel Guru Frank26 WE ARE FOCUSED ON AUGUST THE FIRST TO SEE IF THE TAX AND TARRIF LAWS COME OUT AND TO SEE IF THE BONDS ACTUALLY START SELLING...BOTH IN AND OUT OF IRAQ. WE BELIEVE THE DOMESTIC BONDS WILL BE SEEN AT THE 1095 LEVEL TO ENTICE THE IRAQI CITIZENS TO COME INTO THE BANKS AND TO INTEREST THEM IN PARTICIPATING IN THE SALE OF THE 2 BILLION IN DOMESTIC BONDS. THIS CHANGE FROM 1166 IS THAT “ATTRACTION” OR ENTICEMENT THAT DR. S [SHABIBI] KNOWS IS NECESSARY AT THIS TIME. ONCE THE DOMESTIC BONDS ARE OUT THEN WE WATCH FOR THE INTERNATIONAL BONDS TO SHOW AND JUST AS THE DOMESTIC BONDS NEEDED TO BE ATTRACTIVE SO DO THE INTERNATIONAL BONDS AND WE LOOK FOR THAT “ATTRACTION” THAT WOULD BE TIED TO THEM.
7-29-2015 Intel/Newshound Guru tman23 There are 2 types of news in Iraq... The news we get from press releases and then the news on the streets which is only for Iraqi's... And inside Iraq they are trying to hold it together with more talk...But the reality is, it is about to explode internally if they do not come up with immediate solutions...and those solutions require money... LOTS OF MONEY!!!
7-29-2015 Intel/Newshound Guru Poppy3 Article: "World Bank gives Iraq two months to approve the anti-money laundering law" SEEING THIS FOR REAL IN INK IS A REAL EXCITING NEWS POST. IT ALSO CONFIRMS WHAT WE HAVE SAID FOR A COUPLE MONTHS THAT THEY HAVE (THE WORLD BANKING LEADERSHIP ) LIKE US...HAVE BELIEVED AND THOUGHT THIS SHOULD HAVE ALREADY BEEN COMPLETE. LETS ALL HOPE THEY ARE CLOSER TO FINALIZING ALL THE NEEDED LAWS, ETC. THAN THEY HAVE MADE PUBLIC...THIS IS HUGE NEWS AND A CONFIDENCE BUILDER.
7-29-2015 Newshound Guru sczin11 [what do you believe is standing in the way of these laws being pased?] IMHO, TIMING...THEY ARE WAITING ON SOMETHING...NOT SURE WHAT...COULD BE MALIKI. I THOUGHT TODAYS AGENDA WOULD BE FULL...IT WAS NOT...I THOUGHT THEY WOULD MEET TOMORROW [WEDNESDAY]...THEY R NOT..THURSDAY IS LAST SESSION OF THE MONTH. TARIFFS WERE TO START SAT, BOND SALES SUN, TRANSFER OF POWERS NEXT WEEK, LESS THAN 2 MONTHS FOR MONEY LAUNDERING LAWS, LESS THAN 2 MONTHS FOR FACTA LEGILSATION. I AM VERY ENCOURAGED ABOUT THE NEED NOW TO ACCOMPLISH WHAT THEY STATE THEY WANT TO DO NOW...BUT, THEY HAVENT PROVEN THEIR HASTE TO ME YET...THEY ARE MOVING FORWARD, DONT GET ME WRONG, BUT IF I WERE IN CHARGE, I WOULD BE EATING MY WHEATIES EVERYDAY... EARLY IN THE MORNING.
7-29-2015 Newshound Guru My Ladies Perhaps we are misleading people or using the improper verbiage or not getting our point across thoroughly...Neither [Guru] Nova or I said...anything that the Central Bank of Iraq isn’t saying. I don’t know and Nova doesn’t know if 1095 is going to be the exchange rate of the Iraqi dinar. What we said is the Central Bank of Iraq said they are selling bonds -- their verbiage was “abroad” -- at a rate of 1095 to 1 USD. They’re selling it in dinar. Again, this isn’t Nova and me saying these things. This is the CBI and ISX. This was formal, on their letterhead...Now, what Nova and I said is that the Central Bank of Iraq, the Government of Iraq, or anybody can’t sell bonds abroad, international, whatever word for outside the country, without having an exchange rate. Are Nova and I saying that 1095 is the new exchange rate for the Iraqi dinar? No. The reason this is happening is because the GOI has no money. The GOI is broke, and they can’t get dinar from the CBI. They have to create an event in order to raise the funds they need. The whole thing is they’ve turned the engine on, and it’s wonderful.
7-28-2015 Newshound/Intel Guru BGG [Is it True Iraq has 60 days to RV?] not exactly - the WB [World Bank] has given Iraq 60 days to deal with their money laundering issue...which should, at some point shortly after they do - open the door for a very different regime... (more PRO-currency reform) - short answer...it is far more possible once they satisfy the WB.
7-28-2015 Newshound Guru My Ladies & Nova ANNOUNCEMENT... "ANY COMPANY OUTSIDE IRAQ INTERESTED IN TRADING ELECTRONICALLY ON THE ISX MUST SUBMIT THEIR OFF IN WRITING BEFORE AUGUST 27TH AND THEY MUST INCLUDE WHO THEIR REPRESENTATIVE WILL BE." I HAVE OFFICIAL NEWS THAT THE RATE IS GOING TO BE 1095 AND IRAQ WILL BE OPEN FOR TRADING 8/2...SO WE SEE THEY ARE ALLOWING ONLINE TRADING FOR ME AND YOU ON THE ISX. THIS IS TRULY REMARKABLE ...ITS STARTING! EXCITING TO SAY THE LEAST!
7-28-2015 Intel/Newshound Guru tman23 "the Government's decision to reduce the salaries of officials and senior staff closer to attempt a radical processing prosthesis for the problem..." The salaries of the GOI were ridiculous...One of the IMF concerns/conditions with regard to Iraq GOI was salaries...to be adjusted.
7-28-2015 Newshound/Intel Guru BGG ...they are meeting - over what to do about Maliki...they come back, not much gets done - deal with Maliki - move on... [are you saying Maliki issue is more important right now for them to decide than voting on the laws? because once Maliki is canned, the laws will be a whiz to pass?!] no question - that is what I am saying...he has played the "obstructionist" thus far. He goes - things move!!
7-28-2015 Newshound Guru My Ladies [Yes. And this process requires then the IQD to be international.] ABSOLUTELY IT DOES! YOU CAN NOT CONVERT EURO, OR YEN, OR PESOS, OR DISNEY DOLLARS INTO DINAR WITH OUT THE CONVERSION SWITCH BEING TURNED ON! ...I HAVE SAID 2-3 DOZEN TIMES RECENTLY WITH ALL THIS ACTION IN THE MIDDLE EAST THE DINAR NEEDS TO TRADE SOON. I WAS NEVER SPEAKING TO VALUE, JUST TO THE START OF IT TRADING...AND I THINK THIS IS WHERE WE ARE AT COME THE 2ND OF AUGUST. [post 2 of 2]
7-28-2015 Newshound Guru My Ladies [They are creating DEMAND for the IQD by selling the bonds…The IQD now has a purpose.] THIS IS WHY WE ARE SAYING THE DINAR WILL BE CONVERTIBLE ACROSS BORDERS...AND ALSO LOOK AT WHO THE SELLER IS, THE GOI IS THE SELLER, NOT THE CBI, THE CBI IS ONLY MAKING CONVERSIONS. IN ORDER TO TRADE THESE BONDS ACROSS BORDERS THAT MEANS THAT THE CONVERSION SWITCH IS TURNED ON. RIGHT NOW THE DINAR IS FOR IRAQ USE ONLY AND IN ISOLATION RIGHT? SO NO MATTER WHAT YOU HEAR OUT THERE FROM ANYONE THIS IS BASIC BANKING 101, NO MYSTERY NO SECRET INTEL, NO NONSENSE. THIS IS JUST HOW THE WORLD OF BANKING WORKS. BASIC AND NO MYSTERY INVOLVED. [post 1 of 2....stay tuned]
7-28-2015 Intel Guru Frank26 The Kurds said that the HCL...they got no problems with it and they’ve been saying that for a long time. The HCL is being used with the Kurds right now to deal with the extra oil that they are shipping out...100% of it. If we see the taxes and tariffs...then we’re off to the races man! If we see the bonds are we off to the races? No. Actually the bonds are a mechanism of the monetary reform. That is the TARGET DATE of AUGUST 1st. We think in our hearts that the $3 to $4 range is ridiculous...the 1 - to -1 rate would be ideal. Then Forex can take that 1- to -1 and put it into warp-speed to $3, $4 or whatever they want to do. In my opinion the IQD will have got from a RI rate to an RV rate...something much more valuable. The international bond is the starting point to adding value... Article 8 compliant...from RI...to RV...to Forex. The monetary reform is right in front of your eyes! [post 3 of 3]
7-28-2015 Intel Guru Frank26 Maliki...is the reason why we don’t have a monetary reform yet. Maliki sees his loyal followers dwindling in front of him. His time is measured. Maliki even tried to give problems to the Kurds. Normally they would have come out after him – but they did nothing. They don’t care about Maliki! The Kurds are the primer of the monetary reform of the IQD currency. They are the ones who will trigger everything for the funding. The GOI said that the investment law is being passed and IMO is being done for Kurdistan. The INVESTMENT LAW was passed a long time ago. It was amended 3 times. Why? To “SUIT” the conditions for the Investment Law...to grow the private sector and their economy. They have to get this done by October. [post 2 of 3....stay tuned]
7-28-2015 Intel Guru Frank26 [via FrostyTheSnowman] ...the main thing that we have been concerned about in the IQD investment is the SECURITY in Iraq. The SECURITY that we want is growing rapidly. The Iraqi Army is kicking butt...removing ISIS...capturing cities, ground, banks, etc. The IMF watches all of this and says on their website that the IQD is 1166...but 2 days AFTER this military action...the IMF removes the rate of the IQD and puts up there...“HOLDING”. What are they holding? Not much...you know the IMF already gave Iraq the green-light. We believe that the info coming out right now is so concentrated towards the monetary reform of the IQD that it is very clear. I think the conditions are now good to raise the value of the IQD. The environment of Iraq is good for the IQD to reinstate it’s value...just like Dr. Shabibi wants. We are almost there...I don’t know WHEN...we offer no date here. You can’t raise the value of the IQD if the GOI and the CBI are fighting – and there is none! [post 1 of 3....stay tuned]
7-28-2015 Newshound Guru My Ladies ...NEVER MIND THE INITIAL RATE...THIS WILL CHANGE... WE COULD SEE MORE PROGRESS WITH THE IQD RATE BETWEEN THE 2 BILLION BOND SALE, WHICH STARTS AUGUST 2ND, AND THE 3 BILLION BOND SALE, A MONTH LATER. WE MAY NEED TO SEE A RATE FIRST, THEN DELETE THE ZEROES. THE DELETE THE ZEROES THING, PART OF THE TWO-PART PROCESS, COULD HAPPEN AT ANY TIME. YOU CANNOT COME OUT OF YOUR DRIVEWAY DOING THE SPEED LIMIT. YOU HAVE TO START SLOW, SEE HOW IT GOES, THEN YOU CAN THROTTLE UP. KUWAIT NEVER REVALUED. THIS IS A MYTH. THEIR CURRENCY WAS FROZEN WHEN IRAQ WAS INVADED. WHEN IRAQ LEFT, THEY FLIPPED THE SWITCH BACK ON. THE SAME THING IS LIKELY HERE...WE WILL JUST SEE THE INVESTMENT CRACK WITHOUT WARNING. [post 2 of 2]
7-28-2015 Newshound Guru My Ladies [via MIKE (MVL)] THE SANDBOX IS A LOT FURTHER ALONG THAN WHAT WE KNEW OR SUSPECTED...WE ARE DEALING WITH SOME OF THE LAST PUZZLE PIECES. IRAQ IS READY TO SELL RETAIL BONDS...KEEP WATCHING THIS PROCESS...THIS MAY START AUGUST 2ND. IF THIS HAPPENS IN IRAQ ONLY, THEN NO INTERNATIONAL RATE IS REQUIRED. WE ARE NOT SURE JUST YET WHERE THEIR CURRENCY COMES INTO PLAY DURING THIS PROCESS. WE MAY SEE A 1095 RATE FOR THE IQD ON THE FOREX THIS COMING SUNDAY NIGHT, MONDAY MORNING VIA THE CBI WEBSITE. DON'T DO ANYTHING... DON'T FREAK OUT...JUST WATCH IT TAKE ITS FIRST INTERNATIONAL STEPS. IQD AT THE START 1095, BUT IT WON'T STAY THERE...IT CAN'T. [post 1 of 2....stay tuned]
7-28-2015 Intel Guru Mnt Goat My next guess is that also very soon we will see this infamous “basket” of laws being announced since they are all inter-connected together and must be implemented all at once to make any sense.
7-27-2015 Newshound Guru sczin11 Article quote: "MONEY LAUNDERING LAW BY OCTOBER OR ISOLATION FROM WORLD ORGANIZATION" THIS IS A HUGE STATEMENT. IT IS NOT A THREAT. IT IS REAL. ...A FEW WEEKS BACK WE SAW THE RELEASES REGARDING THE WB AND IMF LOANS, AND THE NEED FOR CERTAIN THINGS TO BE ACCOMPLISHED OR ELSE...THE BLACKLIST...NOW HERE WE SEE, THE DEADLINE...A TIME FRAME... NOT FOR A CHANGE IN VALUE OF THE DINAR NECESSARILY, BUT THE WORDS...ARE CLEAR...APPROVE THE LAWS, AND PLAY HARD BALL WITH THE GLOBAL COMMUNITY...IF NOT, SEVERE IMPACT TO MONETARY REFORM...AND ISOLATION FROM THE INTERNATIONAL COMMUNITY. THE INTERNATIONAL COMMUNITY HAS BEEN SUPPORTING IRAQ, THEIR ATTEMPTS TO CLEAN UP THEIR ACT, AND JOIN TOGETHER WITH THE WORLD...THEIR TIME IS UP...WE ARE AT THE END OF THE ROAD! I DONT SEE EARLY 2016 LIKE MANY HAVE ALREADY STATED...
7-27-2015 Intel Guru Bulldog75 An Iraq RV is imminent. The planet finances are beckoning the obvious. Prepare and buckle up. The financial wind currents are getting stronger by the day.
7-27-2015 Newshound Guru Stryker The news just keeps getting better and better with the dinar this month... The top Iraqi dinar news is, Finance Committee secretary Hadi al-Yasiri two days ago made these comments: QUOTE: "the central bank to speed up the application of the project to delete the zeros and make it parallel with the money, which began shortly before laundering law." Remember that the World Bank and other International financial institutions have given Iraq 2 months or until October to enact the Anti-Money Laundering Act. Does this mean that it will not RV until then? Could be but they may be able to work around that if all blocs agree to pass it thru parliament. I'm under the opinion that the country needs this to take place and the right people are finally in charge, so our chances are better then they have ever been for this project to take place.
7-27-2015 Newshound Guru Kaperoni Article quote: "economic and investment commission parliamentary member Ahmed Kanani that the World Bank and other international financial institutions gave Iraq until next October as the date for the adoption of anti-money laundering law." Well we see if they can pass this before Oct. There are also several articles that seem to tie these laws to the currency reform. If so, we may begin to see monetary change right after the laws are passed.
7-27-2015 Newshound/Intel Guru BGG Article: "World Bank gives Iraq two months to approve the anti-money laundering law" I mean HOLY MOLY! Basically the WB is giving them 2 months to get this done - Or else...it also portrays the WB has been assuming this would have been handled by now - pretty much guarantee this is the hold-up behind the various "aid packages" and loans...also - I would imagine they know Maliki is the central figure in this problem (money laundering - via the CBI). All I can say is SHAZAAM!! if there were ever pressure on Iraq and the CBI - it is now.
7-27-2015 Intel Guru Mnt Goat Last week I also presented you with an article statement from the head of the finance ministry and they told us at that time it was “URGENT” and “THE BEST POSSIBLE TIME” now to complete the process to delete the zeros from the currency (or drop the larger 3 zero notes, the provisional currency). The IMF is also strongly suggesting now it the time. I feel that all the provinces may not get paid oil royalties this week (in fact I am sure of it) but the beginning of the process will show to the IMF and the USA they are making good on the HCL law to distribute these funds...I have told you all along this is something that is NECESSARY to see any RV. We will witness this very soon. [post 2 of 2]
7-27-2015 Intel Guru Mnt Goat Earlier in the week I referenced a window approaching for a possible RV opportunity coming close at hand. Well it’s now here and everything is looking fantastic. The hope was that this final vote on Amnesty would have been taken on last Thursday 7/23 or Friday 7/24. However parliament decided to take a short recess until meeting again on Monday and the vote had to be delayed. So lots could happen this week. ...I was told over the weekend is that the distribution of the lower denominations depends on the passing of the Amnesty bill. This is why I believe it may in fact get passed this week and we might see our lower denoms distributed OFFICIALLY throughout ALL THE PROVINCES. We all should know what this means…right? The rate has to change in order to do this move. We wait to see what happens this week. [post 1 of 2....stay tuned]
7-27-2015 Newshound Guru OOTW WE SAW A VIDEO PRESS RELEASE A FEW MONTHS AGO, INDICATING THAT THE 50K NOTE WAS GOING TO BE WORTH 100.00. THAT'S EFFECTIVELY DOUBLE THE VALUE OF THE DINAR, CURRENTLY. THEY COULD ACTUALLY DO THAT, TO SHOW THE WTO THEY'RE ADDING PURCHASING POWER, AND THEN AS THEY NEAR THEIR MEETING AND THE PRIVATE SECTOR GETS FURTHER ALONG, WE COULD SEE A NOTICEABLE INCREASE AS THEY NEAR THEIR MEETING WITH THE WTO. FOR ME, THIS IS A WORSE CASE SCENARIO BUT I PREFER TO PREPARE FOR THE WORST AND HOPE FOR THE BEST. IF THEY CAME OUT VERY LOW...DOUBLE THE VALUE OF THE DINAR...I WOULD THINK SPECULATORS WOULD RUN RAMPANT, SCOOPING UP DINAR. THEY COULD COME OUT LOW AND THEN IT COULD BUMP UP NOTICEABLY IN A SHORT AMOUNT OF TIME...THERE ARE MANY OPTIONS. [post 2 of 2]
7-27-2015 Newshound Guru OOTW [in your opinion...what do you see/ believe has to be done for an rv to even have a chance of bcoming reality?] MY PERSONAL FEELING IS, THE CLOSER WE GET TO 2016 AND IRAQ'S WTO CONSULTATION, THE BETTER WE'LL BE LIKELY TO SEE SOME KIND OF MOVEMENT IN THE VALUE. BUT...THEY'RE UNDER A LOT PRESSURE... [in your thoughts...whats lacking?] THEY HAVE A WAYS TO GO, BUT REMEMBER WE'RE ONLY FOUR MONTHS AWAY FROM THE BEGINNING OF THE YEAR. REMEMBER JOBOURI WAS GIVEN THE GREEN LIGHT BY THE PRESIDENT, MASSUM, TO PASS LAWS AS HE NEEDS TO. [you believe by the end of the year?] WE ARE MAKING VERY STRONG PROGRESS. I BELIEVE BETWEEN JANUARY AND APRIL OF 2016 - OF COURSE, THIS DEPENDS ON THE TARIFF'S GOING INTO EFFECT, AND HOW CAN THEY ADD THAT FINANCIAL BURDEN TO PEOPLE WITHOUT GIVING THEM PURCHASING POWER... [post 1 of 2....stay tuned]
7-27-2015 Newshound Guru My Ladies THE MINISTRY POWERS ARE TO BE TRANSFERRED TO THE PROVINCES BY AUGUST 5TH, DESPITE THE STALLING AND THE WHINING. THIS IS NECESSARY STEP TO MOVE TO MARKET ECONOMY, THE TIMING OF ALL OF THIS SURE IS POSITIVE, AND WITH IRAN IN IRAQ RIGHT NOW THINGS COULD BE MOVING ALONG.
7-27-2015 Newshound Guru OOTW Press Release: "FROM KEYWORDS: "Revision of the state budget structure and presentation" KEYWORDS OUTLINES THE BUDGET MONIES AND HOW THEY'LL BE SPENT IN ACCORD WITH THE 2015 BUDGET - I'VE NEVER SEEN A PRESS RELEASE LIKE THIS BEFORE FROM THE CBI - THEY MEAN BUSINESS. [So...would you say that the ball is rolling, so to speak, now that there back from break?] ABSOLUTELY.
7-27-2015 Newshound Guru Millionday Article quote: "The proposals and amendments approved by the parliamentary committees on investment law will be presented early next legislative term, to approve the legislation..." THE INVESTMENT LAW HAS BEEN ADDRESSED AND AMENDMENTS WILL NEED TO BE MADE INTO LAW AS AMENDED...IT IS LAW WITH NEEDED AMENDMENTS FOR INTERNATIONAL INVESTMENT. [Do Amendments need to go through the same process of 1st, 2nd 3rd readings?] THE REPORT STATES IT GOES FOR VOTE...IT IS ONLY 2 READS AND VOTE NOT 3. I CAN IMAGINE THIS IS NOT GOING TO BE A SLOW PROCESS AT THIS POINT.
7-27-2015 Newshound Guru firefly [do you think that M [Maliki] needs to be delt with before the RV can happen?] No I'm looking for the implementation of the tariffs and the International Bonds...Tariffs and Bonds both scheduled for Early August. [is it Aug. 1st for the tarriffs and Aug. 2nd for the Bonds?] That's what is in ink. Let's hope they stick to the plan this time! 7-26-2015 Newshound Guru My Ladies Article quote: "The central bank announced on Sunday his intention to put up bonds...The bank said it "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar..." [I remember...you and Nova spoke about the possibility of a two step process. One to introduce their currency to the int'l market, and then shortly thereafter, raising the value to a true level. Perhaps 1095 could be a launching position?] WE NEED TO SEE WHAT 8/2 BRINGS BECAUSE I HAVE A GNAWING FEELING THEY ARE GOING INTERNATIONAL AT THAT PRICE FOR NOW...WE HAVE TO SEE BUT IT SURE SAYS THAT TO US...ALL OF THIS SPEAKS TO TRADING GLOBALLY AND DOING IT NOW!!
7-26-2015 Newshound Guru sczin11 THE WORLD APPEARS TO BE SUPPORTING IRAQ FOR THE MOST PART, IN THEIR QUEST TO CLEANSE THEIR GOVERNMENT, AND BRING ON NATIONAL RECONCILIATION. YES IT IS NICE TO SEE PROGRESS, BUT FINALITY WOULD BE REFRESHING.
7-26-2015 Newshound Guru sczin11 Article: "Parliament amended the important laws for a vote soon" Quote: "The laws that have been modified by agreement of the political blocs, the National Guard is the law and the law of amnesty, as well as other laws," HUGE STATEMENT! LAWS ARE DONE...NATIONAL RECONCILIATION IS NEXT... WOW....WHAT A POWERFUL RELEASE WITH LOTS OF INFORMATION...WILL WE SEE A TUESDAY AGENDA FULL OF THESE REFERENCED LAWS?
7-26-2015 Newshound Guru firefly ...sovereign bonds are for Iraq, International bonds are for...well... INTERNATIONAL...2 bonds, 2 separate entities. Sovereign bonds don't interest me. On the other hand, International Bonds should be very exciting for us. Iraq has put in ink the International bonds will be released in Aug. Let's see if they stick to their deadline. I don't give windows or dates but they have to do something and SOON. I have a hunch we're heading into VERY exciting times with our investment.
7-26-2015 Newshound Guru Millionday Report quote: "it has become an annual plan reflects the plans or the medium and long-term strategies, which are aimed at achieving economic and social goals" THIS MASSIVE REPORT HAS BEEN EXPECTED AND HERE IT IS -- WHOOPOW. THE OPERATIONAL SIDE OF THE BUDGET HAS BEEN OPENED -- THIS IS ABOUT THE INVESTMENT ETC SIDE. THE GOALS ARE MASSIVE...OBVIOUSLY A VERY HARD POSITION TO BE IN. THEIR BUDGET IS NO LONGER JUST WORDS AND IS HEADED TO WORLD POWER THAT BE FOR ACTIVATION AND PLANNING. [when is this to be implemented?] THIS IS BEING DONE NOW. 7-25-2015 Intel/Newshound Guru tman23 Through media and assembling of facts...The US has made a statement since the nuclear agreement that they are going to limit Irans influence in Iraq...It is certainly a contested battle... But to succeed IMO they have to remove those who keep promoting sectarian disputes and inciting riots and killings... Just about every major issue Iraq faces has a Maliki finger print on it... A few weeks ago England and US special forces have been securing every airport in Iraq... The special forces were given carte blanch' ... No waiting on clearances from top brass...CLEAN HOUSE! IMO...we are receiving limited amounts of information...Such as...Everyone who knows Maliki's past knew he wasn't going to resign...They sure as h*** knew!! And you can bet the moves are already planned... Which is IMO...still everything at one time!!
7-25-2015 Newshound Guru OOTW FIRST READING OF THE FEDERAL REVENUE LAW PASSED. HERE'S A PARAGRAPH FROM THE LAW AS POSTED AT THE PARLIAMENT SITE: "Article-9 Federal realized Alerardat issued from the following: First -mbaat oil and gas and other mineral resources belonging to the state and revenue resulting from oil and gas contracts from national and foreign companies and investment contracts and indirect taxes Alambeshro. Second-grants and international aid. Third-federally aggregated revenues, or for the benefit of the Federal Government from the region and governorates not organized in a region." ANYONE WHO SAID THIS IS SOLELY ABOUT TAXES IS WRONG.
7-25-2015 Newshound Guru Breitling Article [Iraqi Banks refuse to anti up amid liquidity shortages] What's so pleasing to me is that they have to lower the note count to do this…That's what these banks are having a problem with. It's a liquidity shortage…this is a reflection of them pulling dinar off of the market. But what's their number on problem though? It's the US Dollar. Everybody is addicted to the US dollar. But what this tells you and what you should focus on is the note count reduction…because it's big and it's heavy and it means something for us. We are going to gain value. There has never been a country reducing their note count like Iraq is doing and haven't gained value on their currency. It's that black and white…it's that clear. [Post 2 of 2]
7-25-2015 Newshound Guru tlm724 Article: "Urgent ..alebadi Parliament calls for national legislation card law as soon as possible to be checked" Quote: "the government is committed to simplifying the procedures for transactions This card is one of the wheels of the citizen and to avoid administrative and financial corruption." so this card will replace all other cards issued and will also be issued to everyone 12 years old and above throughout Iraq.
7-25-2015 Newshound/Intel Guru BGG Article: "Fakih Dawa Party, Abdel-Halim al-Zuhairi abandon Maliki and goes to advocate Abadi". That is a fantastic article - there is a serious push to replace Maliki from the inside out...which is how it should/would go down...inner circles first, political next and ICC after.
7-24-2015 Newshound Guru Breitling The price of oil will go down…will that have an effect on the dinar? It could. If their revenue drops they will just drop the note count down. They are going to get that value no matter what. They are going to get to a buck seventeen ($1.17) and then they're going to get to $3 plus…that's on their agenda. In fact it's a massive priority. That's why I get so excited when I talk about it. Don't worry about the oil prices going down…they can adjust the note count based on what the markets are. [post 1 of 2]
7-25-2015 Newshound Guru Millionday Article quote: "The parliamentary finance committee expressed, Thursday, for it seeks to discuss and approve the pass a number of bills in the House of Representatives and that serve the monetary policy of the country in general." THE SESSION ON THE 25TH IS TO INCLUDE MONETARY POLICY LAWS AND ONE IS THE TARIFF TAXATION FOR GOVERNMENT REVENUES. 7-24-2015 Newshound Guru Breitling [Is it legal to buy the Iraqi Dinar?] You can buy anything you want! It used to be people saying it was illegal to buy it BUT you had all these banks buying it…Chase Bank. Bank of America had a seat on the auction floor in Iraq itself. There is no law against buying any currency.
7-24-2015 Newshound/Intel Guru BGG of what benefit is it for the Iranian Central Bank to boost their currency now? [Iran will not do that.. and why do we think Iraq will...?] it's the only way the GOI will get any piece of the CBI reserves...the GOI stands to benefit - same way you and I do - it's how they have been thinking about "bridging their deficit" - bank on it...I heard this scenario from a very direct source a while back. I just wish they would come on with the number...whatever it is.
7-24-2015 Newshound Guru Millionday THE OPERATIONAL SIDE OF THE BUDGET HAS BEEN LAUNCHED... THE INVESTMENT SIDE --- NOT YET. THE FUNDS FOR INVESTMENT/PROJECTS ETC ARE NOT READY YET -- BUT OPERATIONAL SIDE OPEN RIGHT NOW.
7-24-2015 Newshound/Intel Gurus BGG & wmawhite Call it tax or tariffs...they need revenue...none of that happens without VALUE! Another indicator of what is coming...True. [IF the Tariffs are enacted on August 1.. do they start then or is there a waiting period?] tariffs are already law (as I recall) - they have just delayed implementation - on the advice from their own experts.
7-24-2015 Newshound Guru sczin11 Article: "SAUDIA ARABIA PRINCE CALLS ICC TO ARREST FOR GENOCIDE-IRAQ RESPONDS" Saudi prince calls for the arrest of "Nuri al-Maliki". THIS IS NOT SOME MP...THIS IS NOT SOME MEDIA LOOKING FOR FILLERS TO SELL PAPERS...THIS IS THE PRINCE IN SAUDIA ARABIA...THE COUNTRY THAT IS JUST COMING BACK AFTER 25 YEARS NO EMBASSY IN IRAQ. YOU THINK THIS IS A POWERFUL STATEMENT? IT APPEARS HIS DAYS MAY TRULY BE NUMBERED...THE WORLD TALKS, IRAQ WILL NOT RUN AWAY.
7-24-2015 Newshound Guru OOTW THERE ARE MANY LAWS WHICH HAVE BEEN PASSED, AND LISTED AS SUCH AT THE PARLIAMENT SITE, THAT HAVE NOT BEEN UPLOADED IN THE IRAQI LAW LIBRARY ONLINE – THIS IS A REFLECTION OF THE OFFICIAL "GAZETTE" WHICH WE SEE PUBLISHED AT THE MINISTRY OF JUSTICE SITE EVERY TWO TO THREE WEEKS OR SO. THERE'S NOT BEEN ANY UPLOADS FOR OVER TWO MONTHS IMHO, THIS IS PART OF THE PROBLEM... RIGHT NOW...WE HAVE A SITUATION WHERE MASSUM HAS SAID THAT HE'S GOING TO ALLOW JOBOURI (HEAD OF THE PARLIAMENT) THE ABILITY TO PASS LAWS AS HE SEES FIT... SO - WE'LL SEE WHAT HAPPENS VERY SOON HERE WHEN THEY RETURN.
7-24-2015 Intel/Newshound Guru Poppy3 I HAVE IT ON GOOD AUTHORITY THAT THE INTERPOL POLICE HAVE HIM [MALIKI] UNDER VERY CLOSE SURVEILLANCE AND WHEN THE INTERNATIONAL CRIMINAL COURTS HAVE THEIR CASE BUILT THEY WILL ISSUE A PICKUP ON HIM AND HE WILL BE GONE. TIME IS ON OUR SIDE DEFINITELY NOT HIS.
7-24-2015 Newshound Guru BGG ...there are distinct advantages to Maliki being gone. He's toxic - the world is not putting up with it. Someone WILL take the fall... and he is, ultimately responsible. Maliki is kidding himself...it's all bad for him right now - there is no safe place. IMHO...once he (and then ALAK) are out of the way - things move very quickly. 7-23-2015 Newshound Guru Millionday IRAQ IS RELEASING KURDISTAN`S ENTIRE YEAR BUDGET -- WHOOPOW. THEY ARE OPTIMISTIC IN THE MOVES OF THE GOVERNMENT STEPS FOR ECONOMIC ADVANCEMENT TOWARD ITS REALITY. THE OPPORTUNITIES AHEAD NEED TO BE RESPECTED AND THE TIMELINES -- THE PLAN AND ALL COMPONENTS MUST ALL FALL INTO TO PLACE TO SUPPORT THE PM AND THE OBLIGATIONS. THE PLAN TO GO TO A MARKET ECONOMY NEEDS THE LAWS ACTIVATED AND THE MOVE TO IT MOVED FORWARD. EVERYTHING THEY HAVE WORKED ON NEEDS TO BE ACTIVATED --- THIS IS A HUGE CROSS ROADS FOR IRAQ AND THEIR POSITION GLOBALLY. [ALL AT ONCE!] EXACTLY.
7-23-2015 Newshound Guru wmawhite [ I dont know how they can enforce these Tariffs and not do something with the currency... the inflation will go thru the roof.] Exactly...those are small indicators of what is coming. The tariffs are an example of what needs a change in the value...because they/CBI will never speak directly about the coming change. I seriously look forward to each day because I believe that Iraq along with the entire region is at the point where Iraq will move forward at any time...Seriously, the dynamics are huge. And I don't care what day of the week nor month. It doesn't have to be the 1st, 15th...it can be any day now.
7-23-2015 Newshound Guru Aggiedad77 Article: "Iraq still needs Massive Int’l Support" The UNSC is saying that Iraq continues to need much support from the International arena....the Iraqis need to implement with vigor their effort to overcome the current economic crisis as well as the war against terrorism...but they desperately need funding and other support to make this happen...they need to continue to push for national reconciliation for all political entities and continue to focus on the growth of their economy.
7-23-2015 Newshound/Intel Guru BGG Article: "The Commission on Economy and Investment parliamentary reading of the Investment Law, noting that it will be presented to parliament for a vote." The main thing Abadi promised investors while in DC... looking more and more like he'll make good. [when is the vote scheduled or is it?] that sounds like it going to be "read" - I suspect Saturday or sometime shortly thereafter...it is a priority.
7-23-2015 Newshound Guru Aggiedad77 Article: "Conscious / Send a card the draft national law to the Ministry of State for Provincial Affairs and Parliament" The COM has sent a new draft law to Parliament...the Standard Card National Law...proposing that this law be accelerated to get it worked through Parliament as swiftly as possible...this is the national card that would be issued to all citizens over the next couple of years...a card that may facilitate the delivery of oil payments to citizens...yes the long awaited fourth part to the HCL...note they may have slipped and referred to this as the "crude national card"...I'm liking that.
7-23-2015 Newshound Guru Chattels [reference Guru Kaperoni post 7-22-2015, posts 1 and 2] the foregoing is likely a good analysis/extention of my simplistic statement that the world of international banking and commerce must accept/assign/embrace a value to the IQD...that banks will not exchange an increased value to the dinar if they cannot reliably profit from the transaction. increasingly I am persuaded that it is essential for Iraq to have a long term hydrocarbon law and be able to abide/perform in accordance with the terms thereof...such will require consensus and legislative action which continues to be a challenge for the Iraqi Parliament.
7-23-2015 Newshound Guru My Ladies Quote from Article from 2013: "Two Iraqi parliamentary committees monitoring fiscal policy in Iraq have held two contradictory positions on the Iraqi currency “reset” project, which would delete three zeros from the currency. There has been much debate about the project's feasibility and the date of its implementation." THE PEOPLE WHO OPPOSED THE RESET IN 2013 ARE THE PEOPLE THAT ARE SAYING NOW IN 2015 THE TIME IS RIGHT. IT SEEMS MALIKI BACK THEN AS [WAS?] FOR THE DELETION, AND TAMIMI AGAINST IT, SO NOW ALL THE CONCERNS HAVE BEEN ADDRESSED AND TAMIMI IS SAYING THE TIME IS NOW. SALEH WAS CONCERNED BACK THEN TOO AND EVERYONE OBVIOUSLY OUT RULED MALIKI AND NOTHING WAS DONE. SALEH IS ON THE BALL NOW...
7-23-2015 Newshound Guru Millionday CBI Announcement quote: "CENTRAL BANK OF IRAQ DECLARES TO EXTEND THE PERIOD OF CLOSING DATE FOR THE TENDER ABOVE FOR 30 - DAYS FROM 7/22/2015 AND THE TENDER SHOULD BE SUBMITTED AT THE MAXIMUM DATE OF" THERE HAVE BEEN SOME GREAT ANNOUNCEMENTS FROM CBI BUT NOTHING LIKE ONE... ALL OF IRAQ FINANCIAL INFORMATION THAT WAS TO BE VISIBLE AND OBVIOUSLY AS ATTRACTIVE AS POSSIBLE FOR INVESTMENT DECISIONS BY INTERNATIONAL DECISION MAKERS WAS TO BE DONE THE 22ND OF THIS MONTH -- THEY NEED MORE TIME AND THE MOST THEY WILL TAKE IS 30 DAYS...THAT IS THE OUTSIDE DATE THEY HAVE...ACCORDING TO WHAT THEY STATED IT COULD BE BEFORE. THE INFORMATION THEY INTEND TO HAVE IN ITS ENTIRETY IS NOT DONE -- IT COULD MEAN THAT THE RATES GLOBALLY ARE NOT SET IMO -- LOGICALLY MAKES SENSE TO ME. [So are they giving us a clue as to when they expect to raise their rate here? 8/23rd?] I DON'T KNOW...WOULD BE NICE. 7-22-2015 Newshound Guru Millionday "House of Representatives will reconvene on Saturday..." THIS MEANS THIS COMING SATURDAY FOR FORMAL PARLIAMENT BACK AT WORK. HERE WE ARE AFTER EID -- NEWS SHOULD START CHANGING SOME -- ACTION. THE HCL HAS BEEN LISTED AS ONE THAT WILL BE COMPLETE AFTER EID... [There was something mentioned about the budget and this coming Sunday. Do you have any ink if they will be opening the budget then?] THEY ARE MOVING THE YEARLY MONEY THAT IS BUDGETED FOR THE KURDISTAN REGION IN ITS ENTIRETY --- THE INVESTMENT PART OF THE BUDGET HAS NOT BEEN OPENED YET BUT IMPORTANT LAWS THAT WOULD PROTECT THAT PORTION ETC ARE EXPECTED TO BE ADDRESSED IN PARLIAMENT SATURDAY.
7-22-2015 Newshound Guru Kaperoni Article IV Consultations are the name the annual reviews that take place between the IMF and the Central bank. Once the IMF agrees, and the CBI accepts Article VIII, that is like offering a warranty...it makes Iraq much more attractive to global banks and it makes a clear statement that the CBI is in compliance with the IMF. Banks that are conservative in nature (like Wells Fargo) would only do business with other banks that are VIII compliant. I am not saying they would, but Article VIII is a good start for global commerce with the dinar...without it, they continue to struggle for banking partners. So, the article was techically correct.."the Iraqi market is now open to markets Global directly without restrictions". [post 2 of 2]
7-22-2015 Newshound Guru Kaperoni Once sanctions were lifted on Iraq, and the banking system, Iraq is free to engage with the world. [so the sanctions have been lifted? is that right?] Yes...sanctions are lifted some years ago. But currently they are under Article XIV with the IMF which is technically called "Transitional" So Iraq is free to engage with any financial instution that is "willing" to take the risk. And many do...Especially since the CBI now guarentees funds/payments from it's financial institutions. The bottom line, is as long as the CBI is under Article XIV they will have trouble finding instutions to do business with them. Its just the nature of it. Now, once the CBI has met the conditions of the Article IV Consultations...And have demonstrated that they can function by those conditions...They can ask the IMF to give them the blessing of sorts to move from Article XIV to VIII. [post 1of 2....stay tuned...See the Dinar Guru possible "to do list" in the Resource Bar on the left side of this page]
7-22-2015 Newshound Guru Adam Montana [Now that Ramadan is over, to the best of your knowledge, what do you see happening now as far as Iraqi government is concerned? What areas will they tackle or will it take a couple of weeks to really get down to business?] We're going to have to watch the news and see how it goes. We might be on a fast-track, or we might be looking at a couple months before they get cranking. I'm not going to pretend I know the future. I have high hopes for the next few weeks, which is rare for me, but just the same... I know better than to get too excited before I have some solid news.
7-22-2015 Newshound Guru Kaperoni the recent articles about the 50k, 100k notes are not lower denominations, nor are they talking about raising the value of the dinar at this time. The plan, at this time is "status quo" meaning there is no intent to delete the zeros at this time and the issuance of a 50k and possible 100k are to make the dinar more desirable amongst Iraqi's. The hope is not only to get citizens to use the dinar, but to make it easier to carry in public (at the current exchange rate). Adviser Saleh also states the issuance of these notes will help reduce the physical note count. As for when they will begin to delete of zeros, Magda Tamimi said the deletion of zeros and printing new currency is not convenient at the present time and such a project needs more security stability and should wait until the circumstances improve.
7-22-2015 Intel Guru Mnt Goat I have also talked much in the past about the need to have a secure environment in Iraq. Mosul and Anbar, two very critical areas for ISIS occupation. News from the GOI have told us these are the key areas to getting rid of ISIS from Iraq. This is a requirement prior to any RV. This battle began last Monday 7/13 and now it is over a week in progress. We have heard only good news on the successes of this movement. Also we are now hearing they intend to speed up the process of bringing the former prime minister (now deputy VP) Nori al-Maliki to the ICC (international criminal court) for trial based on genocide and other crimes against humanity. We are also now hearing the are literally just days away from striking a deal on the final HCL law.... This new version will also take care of the Article 140...These are all items I suggested we all should watch...and should be HOT items on our radar. We are getting the necessary security and stability in Iraq now and so leaders of Iraq and seeing an opportunity and are suggesting to the CBI that they now jump on this time to finalize the currency reform process. [post 2 of 2]
7-22-2015 Intel Guru Mnt Goat Article: "PARLIAMENTARY FINANCE SUPPORTS THE ISSUANCE OF NEW CATEGORIES OF CASH TO FACILITATE THE PROCESS OF CARRYING CURRENCY" ...very, very good news...an article from parliament finance that tells us they are supporting an IMMEDIATE ISSUANCE OF THE NEW CATEGORIES OF LOWER DENOMINATIONS that would replace the larger three zero notes. We know that the only way they could do this is also to continue the project to delete the zeroes which means collecting them from us. They are not going to get them from us and they can not issue these lower denoms until they significantly RAISE THE VALUE. With everything happening in Iran as they are coming out of sanctions now, Iraq can not remain in isolation and now we see the pressure building here again and the climate is now right for delete the zeros. [post 1 of 2....stay tuned]
7-22-2015 Newshound Guru Adam Montana We're finally through the tedious...slow...agonizing days (which felt like months or years!) of Ramadan. I'm actually eager to see what comes out of the next meetings of Parliament, IMF, GOI, CBI, and a few others. Some of us have been around long enough that we give the current situation a "wise eye" and some of you are hesitant to get excited... I get that. I'm in the same boat. I am a bit hesitant to get excited when it comes to Iraq, just like many of you. BUT... BUT! Something feels different right now. We're only a few days outside of Ramadan, so I'm not surprised to see that there's a lack of major news, much less an RV. That doesn't mean I am not confident that the IQD will gain value. In fact, I am VERY confident that the IQD will gain value! My overall feeling on the Iraqi Dinar right now is positive, so ...we wait for Ramadan to wrap up and let the Iraqi people get back to work.
7-22-2015 Newshound Guru sczin11 WHAT IS ALL THIS TALK ABOUT OCTOBER? WHO STATED THE CONGRESS RATIFICATION PERIOD OF 60 DAYS, FOR THE IRAN NUCLEAR DEAL, HAS ANYTHING TO DO WITH THE RAISING OF THE VALUE OF THE IRAQI DINAR, WITH ANY DEFINITIVE CERTAINTY? WE DON'T know, WHAT WE DON'T KNOW! PERIOD! HOWEVER, WHAT WE DO KNOW, IS ALOT OF INK, AND ALMOST AS MUCH OFFICIAL INK, THAT CHANGE ...REFORM...MONETARY AND ECONOMICALLY, ARE IN THE PROCESS...THE IRAQI GOVERNMENT CONTINUES TO MAKE STRIDES...
7-22-2015 Intel/Newshound Guru Poppy3 GOT A CALL YESTERDAY TELLING ME THAT ABADI REALLY IS TRYING TO MAKE ALL HAPPEN BUT IS BEING HARASSED AND NOT MAKING THE PROGRESS HE WOULD LIKE. OUR QUESTION IS CAN THEY PULL TOGETHER TO GET THE BUDGET, TARIFFS, PAYING THE PEOPLE AND THE KURDS ALL THEY OWE BY AUG 1ST. IT CAN BE DONE...
7-22-2015 Intel/Newshound Guru tman23 What they have said in the papers before pulling the 50 note...The lower denoms are a prelude to lifting the 3 zeros from the currency... This was the exact wording... AND definition of prelude.....1. an action or event serving as an introduction to something more important... So more important then the new currency notes will be a "rate"... and I threw a dart at the board and it landed on 3.44...lol And the dart did not float towards the board. 7-21-2015 Newshound Guru My Ladies LOOK TO IRAN AND IRAQ WILL HAVE TO MOVE. IRAQ CAN NOT REMAIN IN ISOLATION AND...THE CLIMATE IS RIGHT FOR DELETE THE ZEROS FROM THE VALUE...GOOD TO SEE IN PRINT. THERE IS NOTHING ELSE NEEDED FROM IRAQ AT THIS TIME, WE DO NOT CARE ABOUT LOANS OR LAWS OR ANY OF IT...LET’S KEEP EYES ON IRAQ NOW...WE CAN BE EXCITED AND WE CAN GET READY TO EXHALE. THINGS JUST GOT VERY REAL ...SO LET’S JUST BREATHE AND LET IT COME TO US. [post 2 of 2]
7-21-2015 Newshound Guru My Ladies IRAQ HAS CONCERNS ABOUT IRAN ADVANCING AND THE EFFECTS IT WILL HAVE ON THEIR BANKING SYSTEM, AND THEN TODAY THEY POST THE PROPOSITION TO DROP THE ZEROS AGAIN...TIMING PEOPLE...PERFECT TIMING! I DON’T CARE ABOUT LOANS OR TARIFF’S OR ANYTHING LIKE THAT. TARIFFS HAVE BEEN IN PLACE SINCE THE DAWN OF TIME AND WE KNOW IT, WE WATCHED AN INTERVIEW FOR 26 MIN WITH ZEBARI AND HE TOLD US THAT THEY WILL IMPLEMENT ALL THE BORDER CROSSING TARIFFS AS THEY BECOME SAFE AND EXPECTED TO BE DONE WITH ALL. [post 1 of 2....stay tuned]
7-21-2015 Newshound Guru sczin11 [is it your belief of a rate change to benefit the investment portion of the budget?] I CAN NOT FATHOM ANY OTHER EXPLANATION WHY NOTHING HAS BEEN RELEASED BY THE CBI FOR THAT PORTION OF THE BUDGET, YET OPERATIONAL SIDE HAS HAD PARTIAL RELEASES OF FUNDS.
7-21-2015 Newshound Guru My Ladies EVERYTHING IS FALLING IN PLACE...THE NEWS TODAY IS REMARKABLE, WE CAN SEE THE WHOLE NEW BANKING SYSTEM GETTING CLEARER AND CLEARER. ALL THE MIDDLE EAST WILL MOVE IN THE SHORT TERM JUST WATCH THE PROGRESS IT IS AMAZING. NOW WE CAN LOOK TO IRAQ A LITTLE CLOSER BECAUSE THEY WILL BE THE FIRST TO MOVE I THINK RIGHT BEHIND IRAN. THE CONNECTION OF IRAQ AND IRAN IS A POWERFUL ONE IN THE MONETARY SENSE, THEY HAVE SAID THIS THEIR SELVES. THERE ARE MANY PROJECTS ON THEIR BORDERS... THEY ARE TELLING US THEY NEED TO KEEP UP WITH IRAN OR BE LOST.
7-21-2015 Newshound/Intel Guru BGG [IF THE TARIFFS GO AS PLANNED WOULD THEIR BE SOME KIND OF AN ADJUSTMENT TO THE RATE AND GO INTERNATIONAL, AREN'T TARIFFS MEAN INTERNATIONAL?] tariffs don't automatically mean international... they could implement the tariffs - leave their currency and let the people fend for themselves - it would be stupid – but they could try it... in spite of their own advisers...lack of value + tariffs = hard times for the people.
7-21-2015 Newshound/Intel Guru BGG [What chance do we have in seeing tariffs on August 1st?] worst case - the not-so-good side, they tread water for a little while, personally - I don't see how that works, but there may be that slim possibility...they will either add value (buying power) to their currency (which has obviously been the plan - on some level) and fully implement the tariff protocols... or they will delay...their own economists have PLAINLY warned them about tariffs with no value - it would be hard on the average citizen.
7-21-2015 Newshound Guru tlm724 Article quote: "Naim Khudair, director general of the Anti-Money Laundering Office at the Central Bank of Iraq, said the government had pledged to pass new legislation for anti-money laundering and terrorism financing by October 2015" thats right from the CBI, by October! Article quote: "The new law will facilitate the entry of big companies into Iraq and increase their confidence in the country's economic environment..." Central Bank Governor Ali Al Allaq said the new law would help reassure foreign investors.
7-21-2015 Newshound Guru Kaperoni [but Kap you stated / said within a few years we will see a 1 to $1 rate, so your saying not till 2017?] ...again, if you believe what the CBI publishes as a timeframe, then yes. You all must understand the appreciation of the dinar is part of the process. Therefore, when you see the other pieces fall into place, you will know the dinar will rise. I think many economists in Iraq, including Dr Bakri have also said the experts think about "long term" meaning they want to do this right, and not create a situation where the dinar could or would collapses. The dinar clearly can appreciate fast if investors come in...And if it does, it will be great. But it will be directly tied to the economy so it cannot fail! The CBI will never just arbitrary create an exchange rate (RV) without sound principles to support it. Investment and exchange rate are directly related. [post 2 of 2]
7-21-2015 Newshound Guru Kaperoni If the CBI loan program works, it should help expedite employment and create some stability which hopefully will perpetuate the process which will begin to create inflationary pressure for the CBI... Like a snowball rolling downhill. But really, this all comes back to the same problem... Parliament needs to pass laws to create the environment...the CBI official made a very clear statement...That early 2017 they would release category 50, 100 and 200. The dinar exchange rate has to be appropriate for those valued notes...They did not mention anything lower...So we can make a very educated "guess" as to the rate at that time. I do not think there is anyway to tell when the dinar will start to appreciate unless you can see growth, investment in the market economy. Everything else is speculation as to timing... Which means IMO, that the dinar must appreciate between now and then (2017) to at least a penny or dime...And to be honest, that is pretty substantial. [post 1 of 2....stay tuned]
7-20-2015 Newshound/Intel Guru BGG ...there are NUMEROUS - REGULAR - DETAILED articles, reports and comments by very powerful figures in Iraq about Monetary policy and Monetary Reform - ALMOST EVERY DAY...either something is happening - or the Iraqi people are going to be one very unhappy bunch! What? How much? When? What will it look like? What about the exchange mechanism? Who knows? BUT - something is PLAINLY UP...
7-20-2015 Newshound Guru My Ladies THERE IS NO DOUBT IN MY MIND AT LEAST THAT THE DINAR WILL TRADE GLOBALLY. IN WHAT TIME IS THE ONLY QUESTION.
7-20-2015 Newshound Guru sczin11 Article qutoe: "Financial distress affect the investment budget for the ministries and cut off the livelihood of more than four million Iraqis" CONFIRMATION 2 SIDES OF THE BUDGET... INVESTMENT SIDE NOT FUNDED. WHAT WE SEE HERE, IS SPECIFIC REFERENCE TO THE INVESTMENT SIDE OF THE BUDGET, AND DIRECT REPORTING THAT THE CBI HAS NOT FUNDED IT...CLEARLY SOME IN COUNTRY SALARIES HAVE BEEN PAID, AND THAT WOULD BE IN DINARS... REMEMBER, THE DINAR IS THE DINAR...A CHANGE IN VALUE WOULD HAVE NO BEARING WITHIN THE COUNTRY...SHORT TERM IMMEDIATE LOANS WOULD CERTAINLY HELP WITH CASH FLOW, IN ORDER TO GET SOME OF THE PROJECTS CONTRACTED FOR, GOING....BUT, THEY CERTAINLY WOULD NOT SOLVE THE PROBLEM LONG TERM... IT WOULD SEEM, THEY ARE WAITING FOR A CHANGE IN VALUE OF THE EXCHANGE RATE, IN ORDER TO MAXIMIZE THE RETURN ON THE ALLOCATED FUNDS FOR THE INVESTMENT SIDE OF THE BUDGET... OTHERWISE, WHY NOT TAKE A BEATING, AND USE THE FUNDS SET ASIDE FOR THE BUDGET NOW?
7-20-2015 Newshound Guru Kaperoni [but you said--- I would guess at least 2-4 years before the CBI would be in compliance for the blessing from the IMF to move to VIII (reference Guru Kaperoni's post 7-19-15).] the faster the investment comes into Iraq, and capital flows through the CBI's Capital Account, the more aggressively the CBI would have to manage the rate. [Where is all the influx of foreign currency coming from?] Iraq has signed well over 200 (maybe even higher) investment contracts with other countries for investment in many areas including agriculture, manufacturing, tourism, etc. It will come when the situation is appropriate...And the capital will flow like no other has ever seen before once it starts. And we should all hope for that because that "is" what will raise the value of the dinar. [post 2 of 2]
7-20-2015 Newshound Guru Kaperoni [Are we still floating?] Well, I can assure you the CBI will not randomly assign a new rate...And the rate will be based on the activation of the market economy and growth of that economy. Can it go up fast? Sure it can...And some experts in and out of Iraq expect it to do so because it is..in their words.."grossly undervalued". [when inflation hits how do you see them dealing with that issue at 1166 or pennies on the iqd?] the monetary tool for controlling inflation is raising the value of the currency. That is why the dinar is being held at 1166. I really cannot tell you how fast it would rise. It is really a direct result of the investment in Iraq. [post 1 of 2....stay tuned
7-20-2015 Newshound Guru My Ladies [Is it possible that Iran and Iraq have found a way to conduct trade with one another that circumvents Iraq's imposed program rate?] IRAN AND IRAQ HAVE BEEN TRADING FOR YEARS ALREADY. BUT I THINK IRAQ HAS TO REACT FOR MANY REASONS. SHARING A BORDER AS LONG AS THEY DO WITH IRAQ AND BEING OPEN FOR INVESTORS WITH LITTLE HEADACHES I THINK MANY OIL COMPANIES ESPECIALLY THOSE THAT HAVE NOT RECEIVED PAYMENT SINCE 2012-2013 WILL FIND IT EASIER TO SET UP SHOP IN IRAN. AND THE PORTS THEY ARE GOING TO BE SHARING IS ANOTHER REASON. I THINK WE ARE ABOUT TO SEE STABILITY IN IRAQ PDG AND I THINK IRAN EMERGING WILL BE THE PUSH THE ENTIRE MIDDLE EAST NEEDS TO COME TO THE MARKET.
7-20-2015 Newshound Guru Kaperoni I can get as excited as anyone, but with this event heavily dependent on the passing of laws the create the investment environment (which is directly related to the rate of the dinar), i have less faith that parliament will get the job done. They do very little. It is truly sad...over 150 laws have been read twice. When you read from various clerics, or officials that Iraq should not take a loan, its not because of the debt, its because they don't want the terms (stand by agreements) that come with them. Stand by Agreements are the only real way to make Iraq get the steps done the world is waiting on. So in reality, we want Iraq to take these loans from the IMF and World Bank.
7-20-2015 Newshound Guru Chattels Unless and until there is greater control of the Syrian border, I doubt that the tariffs can / will be implemented. We shall see. Could such control be accomplished by the 1st? Possible, but unlikely, IMO.
7-20-2015 Newshound Guru Millionday THE OIL LAW IS HUGE IN A COUNTRY PRODUCING OIL AT THE LEVEL THEY DO IN IRAQ BUT -- TO SAY THE MONETARY POLICY CANT MOVE FORWARD BEFORE THE HCL IS DONE OR AFTER IS INFORMATION NO ONE HAS -- AT THIS POINT THEY HAVE THE 2011 -- SO IT MAY EVEN BE RELIANT ON ISSUES RESOLVED IN THE OIL AGREEMENT -- TO KNOW WHICH IS TO BE ACTIVATED FIRST CANT BE DONE BUT -- THEY ANNOUNCED THEY WOULD USE THE OIL AGREEMENT WHILE THEY FINISH THE HCL -- THAT WAS INTERESTING TO ME TO STATE. [no hcl no rv correct?] NO NOT CORRECT...THE HCL DOES NOT DEFINE IF THE MONETARY POLICY IS RELEASED OR NOT -- THE PLAN ITSELF WILL DO THAT -- MEANING THE PLAN FOR REFORMS. 7-19-2015 Intel Guru Mnt Goat Iraq still has plans to fully implement their tariff law come August 1st. We can see the billions of annual lost revenue from not having these tariffs in place as they planned to do years ago. They keep postponing this implementation. Why? It’s because they need a realistic rate and just a rate of the Iraqi dinar on the global currency exchanges in order for these tariffs to work. We can also see this past week they need more security in this area to protect the trade routes and harbors. Iraq has a liquidity problem? Iraq is in a financial crisis? Iraq has devaluing with regards to the dollar? Could this all be caused by not having a realistic currency rate and being traded globally? So what is the holdup? So when will this all end and they finally get Article 8 of the sanctions lifted thus having back their currency? Can you see it is more than time to do this. This next couple weeks should be very exciting! I believe we might be heading for a window of opportunity for an RV in these coming weeks.
7-19-2015 Newshound/Intel Guru BGG ...they are talking about currency reform...literally EVERY DAY... it is breath taking...this tells you - pretty much what they think.
7-19-2015 Newshound Guru Kaperoni ...they on the right track now. I am hopeful that within a few years we will see a 1 to $1 rate. These articles can be exciting when they talk about change...but Iraq does nothing fast. I would guess at least 2-4 years before the CBI would be in compliance for the blessing from the IMF to move to VIII. Keep in mind, Article VIII really means nothing to us and as Dr. Bakri insinuated...currency reform will come before Article VIII. That is why I have always said, those who tell you your going to walk into a bank and exchange are FOS because if the reform happens before Article VIII, it is unlikely conventional means of exchange will work since most financial institutions don't deal in dinar under Article XIV. we just need to wait and see and find some legit businesses once the dinar begins to rise since I am certain most banks will avoid it especially if they are still in Article XIV. One thing for sure, lots of positive talk about the dinar, the banking system of late. It can only bring attention to it at the CBI.
7-19-2015 Newshound Guru Millionday [WITH THE VALUE OF THE OIL AND THE OTHER COMMODITIES, HOW CAN THEY HAVE A LOW VALUE WHEN THE ENTIRE WORLD KNOWS THE VALUE AT CURRENT IS SIGNIFICANTLY UNDERVALUED, WOULD THE IMF ALLOW THAT TO HAPPEN?] I DONT SEE THE COUNTRY OPENING UP TO THE WORLD MARKET WITHOUT TARIFF AND CUSTOMS ACTIVATED --- I WOULD SAY IT IS HUGE TO CALCULATE THE DINAR FOR IRAQ TO COME OUT IN VALUE AND CONFIDENCE TO THE WORLD -- I WOULD THINK THAT MANY WOULD NOT ALLOW IT NOT TO BE DONE --- WTO--WORLD MARKETS--SHARE HOLDERS-IMF--WORLD BANK--THE ISLAMIC BUSINESS COUNCILS -- ETC ETC.
7-19-2015 Newshound Guru Kaperoni ... there is a reason the dinar is being held low and pegged right now...Iraq has no market economy and to create one, creates alot of pressure on the financial system...especially one that has the potential as Iraq does...once the laws are passed and stability sets in, the pressure caused by the influx of investment and investors will be huge...keeping the dinar weak now, gives the CBI lots of room to grow to counter the pressure. Well, many experts do think the dinar is undervalued, some say "grossly". But like so many economists have said, the exchange rate is directly related to the productivity of a country...So we have to wait for that productivity and the dinar will rise! Lots of upside. 7-18-2015 Newshound Guru wmawhite When Iraq started this journey...the journey of rebuilding their country from the ground up...it has never been about us. Instead, it has always been about Iraq and the people of Iraq. We are fortunate to be invested in a company that we call the country of Iraq. And as the PM Abadi told the world, Iraq will join them upon the world's economic stage very soon.
7-18-2015 Intel/Newshound Guru tman23 ask yourself...At the time the Abadi government took over they were well aware of a lack of funds in the GOI treasury... If we suspected the treasury was broke, you can bet the house they (the new GOI knew it). It is not as if the new GOI was imported from Japan, the whole "reseating" was a game of musical chairs...same players who knew the financial state of Iraq.... So why did Jabouri question Ismail over lifting the 3 zeros in November....And then the 2015 Budget set with oil being $56 per barrel...WE knew the numbers did not add up and posed a 40% deficit. If we knew it, they sure as he** knew it too! That said; the Kurds had to know darn well that 17% of the budget was impossible for Baghdad to meet...WE KNEW IT! So then late January Abadi promises raises to the citizens, back pay with raises retro -active back to January 2014...Abadi asked citizens to be patient until June... Just what was Abadi expecting? Where was this wild $$$ coming from?
7-18-2015 Newshound Guru wmawhite ...just as in any country,..the currency count must be controlled in order to maintain the value and integrity of it. And as they have indicated, the value MUST change. therefore, the control of the currency must be in place. [ just still seems like CBI is worried about closing the gap of the market rate and the actual rate then increasing the value of the Dinar.] those are two different issues - One is a in country issue that is temporary. The other is an international issue which will be the international exchange rate.
7-18-2015 Newshound Guru sczin11 FYI... EID ENDS SUNDAY FOR SOME, MONDAY FOR OTHERS...PARLIAMENT HAS NOT ANNOUNCED WHEN THEY RESUME...COULD B MONDAY WEDNESDAY OR THURSDAY...WE WAIT.
7-18-2015 Newshound wmawhite If you signed a contract with Iraq today do you really care what the exchange rate is? I wouldn't. All I care about is that Iraq pays my contract on the first of the month every month for whatever the contract is worth in USD...I would not care what the value of the IQD is or was. However... however...however... Iraq cares what the value of their currency is IF they start paying foreign remittances in IQD...now they would care.
7-18-2015 Newshound Guru tlm724 Article: "O.d.abdalhasin Anbuge *: Iraqi dinar exchange rate..." Quote: "The exchange rate of the basic economic variables that change per day continuously in response to the forces of currency supply and demand." This is a good article in so far as laying out the current status of the Iraqi economy...It basically states that Iraq has a ways to go according to the author in so far as setting the stage for conditions that will support the dinar and any value that we hope to see. Their currency can and will reflect the true wealth of Iraq. We cannot expect overnight success with so much on their plate at once. They will show us the true value of the dinar WHEN it reflects the supply and demand. In order to have demand their must be an economic plan that will create the demand. Iraq has asked for help and they are receiving it. The World Bank is there, right now! The US Treasury is there, right now! The United Nations is there right now! All with a common goal in mind. To help Iraq SUCCEED! When they succeed we succeed!
7-18-2015 Newshound Guru Millionday [what is eid?] EID IS THE HOLIDAY THAT IS THE END OF RAMADAN -- IT RUNS TO THE 20TH AND IN SOME AREAS TO THE 21ST. IRAQ HAS STATED THAT SO MUCH IS HAPPENING AT THE END IT IS HUGE MOVEMENT IF THEY GO FORWARD WITH THE HUGE LIST THAT WOULD INCLUDE DUE TO THE WAY IT ALL FITS TOGETHER -- IT INCLUDES AMONG OTHER THINGS THE IMPORTANT LAWS -- THE TARIFF AND CUSTOMS - THE REFORMS -- THE INVESTMENT LAWS -- BANKING -- BONDS -- CONTRACTS ETC. ETC. 7-17-2015 Newshound Guru tlm724 Article: "The United Nations stands ready to play a mediating role between Baghdad and Erbil!" having the UN intervene is a good thing! I don't believe this can resolved without this intervention! That said, having the World Bank involved in the economic reform and the UN involved in the oil agreement is a needed *slap* for Iraq because they obviously can't do it on their own!
7-17-2015 Newshound Guru tlm724 Article: "Parliamentary Energy: There forthcoming meeting of the Ministers of oil and finance to the governments in Baghdad and Erbil" Commission on oil and energy parliamentary confirmed that there is forthcoming meeting between the ministers of oil and finance to the governments in Baghdad and Erbil to discuss the repercussions of the oil dispute and to address the obstacles that finally got. *hallelujah* lets do this thing once and for all! [See possible to do list in the Dinar Guru Resource Bar on the left of this page....]
7-17-2015 Newshound/Intel Guru BGG This is / has been / will be... an investment. NOT A GUARANTEED TICKET, not a bail-out, not a "show-me-where-to-push" so I can get rich button. It is, by many economists reporting - a grossly under-valued currency on the verge of "repositioning". A currency - an investment...
7-17-2015 Newshound Guru Stryker Abdalhasin Anbuge...Counselor for Economic Affairs-prime minister QUOTE "there is no benefit of the Iraqi economy to uphold at the official current exchange rate set by the Central Bank (US $ 1 = 1166 Dinar) We must move to a higher level reduces the negative effects of hyperbole price of the dinar exchange and creates positive effects". Dr. Abdul Basit Turki...Former Governor Central Bank of Iraq. QUOTE "the fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors". Mohammed Saleh...Former Deputy Governor CBI and Adviser to PM Abadi. QUOTE "need to unify the exchange rate between the central bank and the price that deals with people in the market, and make it pricier one actually commensurate with the oil and economic conditions austerity sale and the defense of this price volatility price." three of top economic advisers support moving the exchange rate higher to conform with today's circumstances...all three man believe it is time to increase the exchange rate of the Iraqi dinar.
7-17-2015 Newshound Guru tlm724 Article: "Border crossings director for} {Euphrates News: We seek to trade diversion of Trebil to Arar" Quote: "The Directorate proposed trade diversion from Atrebel border port between Iraq and Jordan to Arar border port and be Hama port for Saudi Arabia through the approval of the General Secretariat of the Council of Ministers." they are finally figuring this out, change the border crossing as we saw them do the other day in order to gain control...then open them back up once they have control of the area, they'll have to do this quickly if they expect tariffs to be implemented in August.
7-17-2015 Newshound Guru wmawhite [I heard that when they close their borders is a positive sign.] I have never understood what the closing of the boarders would have to do with the IQD changing in value "outside" of Iraq...it never made any sense to me. [I heard it was from when they revalued their currency years ago...they prevented people from coming in to country to exchange... their was just a few days to do it in.] This is why I don't get that reasoning...inside Iraq the 1 IQD will equal 1 IQD...regardless what the exchange rate will be out of Iraq. If you took your IQD today and went to Iraq you would receive 1 IQD for every 1 IQD you have...and even after the IQD changes in value...you will receive 1 IQD for every 1 IQD you have...and yes...it will have more value outside of Iraq...and that is important OUTSIDE of Iraq...
7-17-2015 Newshound/Intel Guru BGG The IMF, WB and others are ready willing and able to help... but it is becoming increasingly clear all the "good intentions" they can muster won't be enough. Abadi (and others) must come to the table with real reforms. The good news. It appears - they are working diligently on such reforms. Both internally and with external help (the Iran deal). the next few days and whether or not Maliki actually resigns will be a very exciting time - in relation to this investment (directly)... I have been plain in my opinions - Maliki (former PM) has held some sway over monetary policy (from behind the scenes) - it is an easy case to make. His usefulness to Iran and the world, for that matter wanes. Once his is out of the way, I expect things to fall (or be put) into place quickly. Reportedly - this may be afoot as we speak...
7-17-2015 Newshound Gurus OOTW & sczin11 IF THEY ARE CLOSING THOSE BORDERS, THEN GUESS WHAT? THEY CAN IMPOSE TARIFFS ACROSS ALL BORDERS...THAT ARE OPEN! OBVIOUSLY THE POVERTY STRICKEN COUNTRY, CANT AFFORD THE GOODS NOW, THEY CERTAINLY WONT BE ABLE TO AFFORD THEM WITH HIGHER COSTS...HOWEVER, WITH AN INCREASED PURCHASING POWER, AND THE LAUNCHING OF THE PRIVATE SECTOR...WELL ... [post 2 of 2]
7-17-2015 Newshound Gurus OOTW & sczin11 THE BORDER'S ARE OBVIOUSLY NOT SAFE WITH THE RELEASE OF "BORDER CONTROL" ANNOUNCEMENTS... IN ACTUALLY ALL THE TRADE WAS DIVERTED TO THE KUWAITI PORT IN BASRA WHICH WE NOW SEE IS GOING TO BE OPEN 24 HOURS PER DAY...WITH THE BANKS OPEN AS WELL TO COLLECT - WHAT BANKS DO AT A BORDER...THEY ARE THERE TO COLLECT TAXES...SO LOOK AT THE TIMING HERE... THEY'RE RECONFIRMING THAT THE TARIFFS WILL GO INTO EFFECT AUG 1 2015..."ACROSS ALL BORDERS". [post 1 of 2....stay tuned]
7-17-2015 Newshound Guru Adam Montana [Do you have an opinion you would like to express whether or not the Iran nuke deal is good, bad or indifferent to an RV and why?] I don't know all the specifics on it, so I can't speak with any authority... but if history is any indicator, it's not good and I don't like it. What does it have to do with an RV? I'm sure it will have some kind of impact at some point in the future, but probably not until after an RV is already done, which means it won't be a major factor in the actual event.
7-17-2015 Intel Guru Frank26 [Turki last week...now this economic counselor to Abadi this week. Only thing missing is the date! "there is no benefit of the Iraqi economy to uphold at the official current exchange rate set by the Central Bank (US $ 1 = 1166 Dinar ) We must move to a higher level reduces the negative effects of hyperbole price of the dinar exchange and creates positive effects"] He is a COUNSELOR...Not a puny ADVISOR. OHHHHHHHHH SOOOOOOOOOOOO SCRUMPTIOUS!!! 7-16-2015 Newshound Guru Millionday ACCORDING TO WHAT WE SEE -- MALIKI IS GOING TO -- INTERNATIONAL COURT. [when is he going to the International Court?] IT DOESN'T SAY -- JUST THAT HIS MEN ARE BEING BROUGHT BACK ALSO AND HE WILL STAND COURT. [Take Maliki out of the picture; what is your overall opinion of the political stability & the fight on terrorism in Iraq?] I THINK THAT HUGE PROGRESS HAS BEEN MADE AND OF COURSE IT WILL CONTINUE -- HOWEVER -- THE REPORTS OF PROGRESS SHOW CONFIDENCE IN THE COUNTRY AND ITS SECURITY PROGRESSION --THE GOV SEEMS MORE SECURE ACCORDING TO REPORTS THAN EVER IN HISTORY.
7-16-2015 Newshound/Intel Guru BGG Iran isn't associated as a trade partner with Iraq. They have been using Iraq as a proxy "valve" to mitigate sanctions. FACT. ...now that they don't need to choke Iraq off - they won't. [No longer need Maliki.] he should cut a deal now - they are close. Wait til he gets a load of Iran throwing him to the wolves too.. I think the next few says [days?] are going to be very interesting
7-16-2015 Newshound Guru Kaperoni Article: "O.d.abdalhasin Anbuge *: Iraqi dinar exchange rate ... hole swallows foreign exchange reserves" Anbuge is calling for the CBI to start reforms which he clearly refers to floating the dinar.
7-16-2015 Newshound Guru Aggiedad77 Article: "A proposal for the establishment of micro-finance fund" 100 billion dinars...yep you heard that right...100 billion dinars to fund what they are calling "micro-enterprises"...small business loans...sounds like they are wanting to get serious about jump starting their private business entities...this is good for their economy...good for the Iraqi business owners...good for start up ventures...good for the MR...what else can I say about it...good for us too...oh Happy Days...here we go...
7-16-2015 Newshound Guru Millionday [How do you think Iran's situation figures into Iraq if at all?] IT IMPACTS IRAQ IN HUGE WAYS WITH THE MINING - BANKING - OIL AND THE TRADE AGREEMENTS THAT THEY HAVE - THE FROZEN FUNDS DUE TO SANCTIONS BEING RELEASED IS HUGE FOR IRAN AND IRAQ DUE TO THEIR HISTORY.
7-16-2015 Newshound Guru Adam Montana [Hows the situation with ISIS there right now? Can they still RV despite the many hectic situations over there?] ISIS will be an issue until they are eradicated, which will never happen completely. Regardless... ISIS is not enough of an issue to stop Iraq from manipulating their currency.
7-16-2015 Intel/Newshound Guru Poppy3 [Millionday: NOTE -- HUGE PROGRESS IN THE WAR AGAINST TERRORISM AND THE OPERATIONS THAT HAVE BEEN GOING ON AGAINST THEM FOR THE LAST FOUR DAYS TO FREE CITIES IN IRAQ.] I REPORTED 4 DAYS AGO FROM OUR MILITARY THAT ISIS AND DASSH IN ANBAR AND MOSUL WHERE RETREATING AND HIDING AS IRAQ TROOPS TRAINED AND BEING DIRECTED BY OUR MILITARY LEADERS WHERE DRIVING THE NEW ATTACKS AGAINST THEM. ...WE READ IN MILLIONDAY NEWS THAT IS EXACTLY WHAT HAS BEEN AND IS HAPPENING. GREAT CONFIRMATION.
7-16-2015 Newshound Guru OOTW RIGHT NOW, THEY KURDS (RIGHTFULLY SO) ARE FLEXING THEIR MUSCLE AGAIN TRYING TO GET THE OIL AND GAS DEAL PASSED SO THEY CAN OFFICIALLY DISTRIBUTE WEALTH. THEY'RE GOING TO DO THEIR BEST TO FALL TO EVERY LAW THEY CAN TO SUPPORT THEM. ALSO THEY'RE QUITE UPSET WITH THE FACT THAT THE FEDERAL COURT ACT HASN'T PASSED AND THEY ARE NOT HAPPY THAT MASSUM (PRESIDENT OF IRAQ) HAS TURNED OVER AUTHORITY TO JOBOUR (PRESIDENT OF PARLIAMENT) TO PASS LAWS. AT THIS POINT, I'M HOLDING WITH WHAT MASSUM HAS SAID HE'S GOING TO GIVE JOBOURI THE POWER TO GET THE LAWS PASSED AS HE SEES FIT. 7-15-2015 Newshound Guru Aggiedad77 Article: "Parliamentary oil: the coming weeks will witness a new agreement between the center and the region" The Oil and Gas Committee within Parliament is saying that within weeks we might expect to see a new agreement between Baghdad and Erbil...we've heard hints of a new agreement...rumors of such...probably the biggest bit of news about this would be allowing the Kurds to sell their own oil...what a major shift that would be...a major win for the Kurds but a setback for Baghdad it would seem...OR... could this be hints at some eye-opening resolution to the HCL...would that not put a feather in a few caps.
7-15-2015 Newshound Guru Millionday LETS LOOK AT HOW IRAN DEAL IMPACTS ON IRAQ... IRAN NEEDS TO ACTIVATE BANKS IN IRAQ... AS I HAVE BEEN SAYING -- EVERYTHING WORKS TOGETHER -- THIS APPLIES ALSO TO THE BIG PICTURE FOR GLOBAL TRADE AND THE IMPACTING POLICIES... THIS AGREEMENT IS HUGE. [if Iraqs close ties to Iran was holding the rv back do you feel this may speed it up or no connection?] THEY CERTAINLY HAVE A CONNECTION -- NO DOUBT AT ALL -- HUGE AGREEMENTS -- HISTORY -- OIL -- THE BANKING ROLES WITH IRANIAN BANKS IN THE REGION -- THIS IMPACTS THE BANKING REFORM AND THE MUCH NEEDED INTERNATIONAL BANKING ACTIVATION THEY ARE ANNOUNCING ETC.
7-15-2015 Newshound Guru Adam Montana [Does the country of Iraq have adequate funds to cover an RV of a substantial size?] Sure they do. They don't have to pay in cash immediately, just like our banks don't carry enough cash on hand to cover all of their deposits. The banking world is a magical place where the value of money is exactly what they say it is.
7-15-2015 Newshound Guru sczin11 HERE IS THE ONE AND ONLY FACT ABOUT THE IRAQI DINAR WE HOLD...AT THE PRESENT TIME IT IS THE REAL CURRENCY, CURRENTLY USED, BY A COUNTRY AND NO ONE, NOT EVEN FORMER PM MALIKI, CAN ARGUE THAT FACT. THERE HAS BEEN NO MENTION OF REPLACING THE OLD CURRENCY, AND MAKING IT VOID...LIKE THE OLD FIFTY NOTES.
7-15-2015 Intel Guru Delta [The 2 lower denoms...are you feeling good that we’ll see them in the month of July?] We believe sooner than many are thinking. We all know that the CBI is going to be putting up 1 Trillion to the banks in Iraq … loans for the citizens. The CBI will not give 1 Trillion dinar...they will first increase the value. Very high possibility that we’ll see something come out about the lower denoms.
7-15-2015 Newshound Guru Adam Montana ...it is ALMOST the end of Ramadan...I'm excited to see this train start chugging along again! Although we've had a bit of a lull, Iraq has proven to me in this year alone that they are "in it to win it", and I have a feeling that the lull was intentional. They most likely knew that any significant progress on the HCL immediately before Ramadan would only put a strain on them that they could not handle during Ramadan. Ramadan is what it is. And what it is, is almost over! Now we find ourselves in a little SNAFU over the timing of it. Ramadan officially ends on the evening (our morning) of Friday July 17. The official workweek for Iraq is Sunday to Thursday... so Ramadan is ending on the start of the weekend. With that in mind, I don't expect anything on Friday or Saturday, but I am very anxious to see what starts rolling out on Sunday. So on that note, I'll simply say...GOOOOO HCL and GO RV!
7-15-2015 Newshound Guru Enorrste ...the removal of the three zeros is separate from the initiation of the float. We all know that the removal of the large notes cannot take place in the near term because the value of the dinar is too low. Only after the initiation of the float and a rise in the value will the removal of the large notes come into play.
7-15-2015 Newshound/Intel Gurus My Ladies & Nova "...the nuclear-related economic and financial restrictions imposed by the United States and the EU targeting the Iranian banking, financial, oil, gas, petrochemical, trade, insurance and transport sectors will be annulled...the UN Security Council...will adopt a resolution in seven to 10 days making the JCPOA an official document." AGAIN AND AGAIN WE MAKE CONNECTIONS WITH IRAQ AND IRAN AND MORE AND MORE I’M THINKING THIS IS THE STABILITY IRAQ HAS BEEN SPEAKING OF, ESPECIALLY AFTER LEARNING THEY HAVE BEEN PUSHING FOR THIS DEAL FOR YEARS. I THINK WE COULD STILL BE IN THE JULY WINDOW! YA THINK? IRAQ IS ALREADY FREE OF THE UN. IRAN IS ABOUT TO BE! WE DONT KNOW WHAT CURRENCY NEEDS TO GO FIRST OR IF THEY NEED TO GO AT THE SAME TIME. SO THINGS CAN START CHANGING AT ANY MOMENT FOR IRAQ.
7-15-2015 Newshound Guru Millionday Article quote: "President of the National Business Council, the Iraqi David Abdul Zayer stressed the need for simplification of procedures Government relating to the reality of investment..." THE PRES OF IRAQ`S BUSINESS COUNCIL IS ASKING THAT THE PROCEDURES BE AS SIMPLE AS POSSIBLE FOR INVESTORS...ALSO ASKING FOR THE DATA ENTRY SYSTEM TO BE LAUNCHED SO THEY CAN INTERACT AS EXPECTED WITH INTERNATIONAL INVESTORS. THIS CHANGE TO A DATA SYSTEM THAT IS AT THE CITIZEN LEVEL CREATES A POSITIVE ATMOSPHERE --AND THE GROWTH OF THE IRAQI ECONOMY. THIS IS WHAT IS NEEDED TO PUSH IRAQ TO REFORMS AND WILL ALLOW TRACKING FOR THE ISSUE OF TAXATION --CUSTOMS--INSURANCE -- THIS WILL ALSO MAKE IRAQ ONE OF THE GLOBALLY TRADING COUNTRIES.
7-15-2015 Intel Guru Delta The credit rating of Iraq has NOT been announced yet. Probably nothing will happen this week...but as soon as everyone comes back from holiday (EID)...that’s what we’re watching. We’re also watching the loans given to Iraq from the World Bank. The bonds are probably going to be issued by the end of this month...we’re just waiting for the credit rating. They have to be Article 8 compliant...currency internationally traded...remember the list of nations that are issuing bonds... Iraq is on that list. A lot of good news is coming out of Iraq.
7-15-2015 Newshound Guru My Ladies I THINK THE NEWS TODAY IS UNBELIEVABLE...AND NOW WE CAN SEE IRAQ AND IRAN ALL TIED UP TOGETHER. IRAQ AND IRAN WILL MOVE TOGETHER FROM THIS DAY GOING FORWARD! AND THEY ARE EXCITED TO DO IT! SECURITY AND STABILITY!!! THE SECURITY AND STABILITY THAT THIS DEAL IS GOING TO PROVIDE FOR THE ENTIRE MIDDLE EAST!! I BET YOU THIS RIGHT HERE IS THE SECURITY IRAQ HAS BEEN WAITING ON!! 7-14-2015 Intel Guru Delta As far as security...in the next 24-48 hours...you’ll hear some very good news...Iraqi army is defeating ISIS / DAASH...which may happen before EID. We are expecting something big to happen in July based on CBI articles. 50/50 chance...maybe the CBI will pull the trigger. They might do it...they might not. But either way we are very close....they are telling the citizens that they are going to get paid. Everyone knows that they have a target date. They will give them power of purchase. They are doing this for the people inside of Iraq. They are telling them that the IQD is about to be 1 to 1 with the US Dollar. ...the taxes/tariffs must go together. This can’t work without it! Mathematically it doesn’t work if they don’t increase the value.
7-14-2015 Newshound/Intel Guru BGG [News sure looks good.] last couple of days really looks good. I am encouraged by the broad base of foreward movement right now.
7-14-2015 Intel Guru Mnt Goat Are we going to see an RV this week? I can say we are heading for an excellent window for an RV soon...since there is now evidence that is telling us the USA and the UN are happy with the progress in Iraq. Folks there is nothing more for Iraq to do as far as the banking laws or other international issues to setup for this RV trigger. It is now just a matter of dealing with the ISIS and DAASH situation and the roots of anyone who instigated it and can influence the politics of Iraq in the future that may cause a repetition of these security breaches in the future. I can assure you, until there is the needed physical security and political stability in Iraq there will be no currency revaluation.
7-14-2015 Newshound Guru Enorrste There is an external viewpoint and there is an internal viewpoint. Within our own country we do not see any changes in the dollar on the short term, in spite of the fact that its value is moving up and down all the time internationally. The same is true in Iraq. I also agree that the value of the dinar is reflective of the "state of the economy" in Iraq. However, the economy in Iraq includes the reserves held by the CBI which, relative to its money supply, is the largest in the world. Therefore, while the "economy" itself is not flourishing, yet, the "state of the economy" as a whole is on solid ground. It is for this reason primarily that the dinar will rise in value rather than fall if allowed to do so. Turki and others (especially Saleh) have stated this as well. I believe Allaq has also stated this several times.
7-14-2015 Newshound/Intel Guru BGG Article quote: "Abadi's office confirms that Iran's nuclear agreement will reflect positively on the stability of Iraq" Well there you have it...I guess Iran's deal does have something to do with Iraq.
7-14-2015 Newshound Guru sczin11 ECONOMIC NEWS BANKING AND INVESTMENT RELEASE MILITARY NEWS: WORLD BANK, IMF...BORDER WITH KUWAIT AND IRANIAN AIR SPACE OPENED... CAN YOU SAY OPEN MARKET...? INTERNATIONAL TRADE...BANKS AT THE BORDERS FOR WHAT? CUSTOM AND TARIFF COLLECTIONS! [how long til a rate change?] SOON. [ARTICLE] TODAY SAYS MALIKI WILL RESIGN AFTER EID HOLIDAY. BORDERS OPENING UP IN BASRA TWENTY FOUR HRS A DAY. IRANIAN AIR SPACE OPENED FIRST TIME IN 35 YEARS. WORLD BANK LOAN SIGNED. SERIOUSLY, LOTS OF RELEASES...TREMENDOUS ER [ECONOMIC REFORM] AND MR [MONETARY REFORM] PROGRESS.
7-14-2015 Newshound Guru Enorrste Therefore, I conclude that Turki is simply stating what we all know: that the CBI is planning to raise the value of the dinar and that it is taking an act of bravery to do so, given the current financial crisis...Article quote: "we know that it will be at the expense of all of our dreams strongly Iraqi dinar, which was worth US $ 3.33 and 2.4 pounds, and became in 1979..." Turki goes further, by referring to the “goal” of $3.33 per dinar that existed in 1979. In other words, he is referencing the “plan” that has existed since 2007 to return the dinar to its original value of $3.33 per dinar. [post 2 of 2]
7-14-2015 Newshound Guru Enorrste Article quote: “The fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors, we know that it will be at the expense of all of our dreams strongly Iraqi dinar.” We have seen ample evidence over the last months that the CBI has been making preparations that will lead to a strengthening of the Iraqi economy and the raising of the value of the dinar. On the other hand, we have NEVER heard from anyone that there might be a plan to lower the official value of the dinar. [post 1 of 2....stay tuned]
7-14-2015 Intel Guru Frank26 ...the HCL is in the 2015 budget – waiting for the completion. ¾ of the HCL has been used since 2007...because it makes Iraq money. This has allowed Iraq to limp along month-after-month...The HOT part of the HCL is the 4th part. Yes...the GOI and OIL Companies know how much they are getting from Iraq from the HCL...and soon the citizens will see their part too.
7-14-2015 Newshound Guru Millionday [what is the period or time frame of EID?] THE END IS THE 20TH. [any word ...Maliki 2 step-down after eid?] IT IS REPORTED TO STILL BE HAPPENING HAVE NOT SEEN A CHANGE. THAT IS THIS WEEKEND. NEXT WEEK AFTER HOLIDAYS HAS BEEN SAID TO BE THE ACTIVATION OF SO MUCH -- I CANT WAIT TO SEE THE NEWS EVERY DAY. THE NATIONAL GUARD IS BEING ADDRESSED RIGHT NOW FOR VOTE AND THE IMPORTANT LAWS ARE BEING ADDRESSED AS WELL FOR VOTE AFTER HOLIDAYS...
7-14-2015 Newshound Guru Kaperoni Article quote: "Mustafa sees that many economists are beginning to call for setting a new rate of the dinar less than the current, Mustafa also demanding to float the exchange rate..." I highly doubt the CBI will reduce the value of the dinar. If we saw a mass dumping of dinar when the market rate dropped last month, how do you think Iraqi's would respond to an "official" devaluation? IMO it would be a nightmare. As for a float, though that is what we expect, the conditions are not right now for that to occur. Again, I think we are in a situation where the CBI is hamstrung and trying to buy time for the laws to be passed, and the security and stability to set in. Once that occurs, investors and capital will begin to come in and the CBI can start to look at monetary changes. Until that happens, we wait.
7-14-2015 Intel/Newshound Guru Poppy3 [its looking very good.] VERY, VERY GOOD FOR THE NEXT MONTH. THEY MAY NOT GET IT DONE BUT EVERYTHING SURE SOUNDS LIKE THEY ARE IN THE PANIC MODE TO MAKE IT HAPPEN. 7-13-2015 Intel Guru Frank26 ...I told you that the Iraqi citizen’s are becoming weary – just like you and I. In the last 2 weeks they are now being told more about Maliki...The GOI put out campaign to inform the citizens that Maliki will be dealt with. The treason report that was given to the citizens of Iraq (about 9 months ago) – says that Maliki will go to trial. What does that have to do with the MR? Everything! In our opinion when you see the #1 HCL … #2 Maliki contained … #3 will be the RI / RV. We believe these 3 events will come together at the same time.
7-13-2015 Newshound Guru Kaperoni Article quote: "Maliki submitted his resignation after the holiday .. and the first reshuffle of the government ousted by al-Abadi “Hoshyar Zebar..." I'm not buying it. No other sources printed articles today and this source often in the past has had bogus articles. I wish it was true, but I need more.
7-13-2015 Newshound/Intel Guru BGG clearly THE NEWS of the day: Maliki submitted his resignation after the holiday...and the first reshuffle of the government ousted by al-Abadi "Hoshyar Zebari". ...IMHO - that is the main thing I am looking for...amazing how many other items are about to tumble into place. If he goes things are in OVERDRIVE!!
7-13-2015 Newshound/Intel Guru Arthur Thankfully all those people mentioned that have supposedly understood everything while the country has been going to hell in a hand basket are the very ones in serious negotiations right now to finally get a vitally needed and long awaited Hydrocarbon Law in Iraq. ...the HCL is part and parcel of the budget itself and is connected at the hip with a simultaneous or shortly thereafter IQD reality rate at which time the "liquidity" problem will suddenly and inexplicably disappear... and the good news is the timing for this as of now appears to be sooner rather than later given the latest and soon to be public progress made in both public and secret negotiations going on right now. The proof will be in how fast everything is about to start falling in place as they get closer and closer to and HCL agreement leading up to and culminating in the revaluation of the Iraqi dinar. [post 2 of 2]
7-13-2015 Newshound/Intel Guru Arthur Liquidity could be created overnight by the IMF and WB (PTB) in a heartbeat, but nobody is willing to do that to a country in political turmoil with no law governing how that money will be fairly distributed as to maintain a strong dinar for years to come. If you had 18 kids (provinces) that didn't get along, would you just give the oldest one (Baghdad) all the money and trust that the money would be evenly distributed to the others and his creditors? And not to mention this kid you are throwing all this money at has just recently been let off of a decade long punishment for attacking his neighbors and attempting genocide on his own brothers. [post 1 of 2....stay tuned]
7-13-2015 Newshound Guru BGG Article quote: "al-Hakim discussed during a meeting Ambassador Noureddine net representative of the president of CMI civil society, national reconciliation efforts in Iraq." Hakim talking directly about the National Reconciliation is a good step... it shows his political leanings... He's Shia - but he's Iraqi first...this is a good sign for the long term stability of Iraq... Both Hakim and Sadr being on board with THE IRAQ is good.
7-13-2015 Newshound Guru Aggiedad77 Article: "US Consul for Mrbd: Iraq is an encouraging environment to enter the giants" Drum roll please...cue in the giant companies now...especially into Basra where security seems to be well under control...Iraq is pushing for many large companies and corporations to move in and start work within the country...what is holding them back in some areas is the DAASH threat...security...but it continues to improve...Iraq certainly needs the help and these companies...as with any big business...are always on the prowl for the ways in which profits can be improved.
7-13-2015 Newshound Guru sczin11 I AM AMAZED FROM A PURELY FINANCIAL POINT OF VIEW, HOW IRAQ HAS COME THIS FAR, IN THEIR MR AND ER, AND NOT JUMPED INTO THE INTERNATIONAL MARKET, YET! SOMEHOW, PATIENCE IS A VIRTUE IN THEIR EYES...THEY ARE WORKING THEIR PLAN AND OBVIOUSLY, BY THE RESPONSES FROM WORLD AGENCIES AND COUNTRIES, THEY MUST BE ON THE RIGHT PATH... INTERNATIONAL RECOGNITION AND COMPLIANCE TO THOSE REGULATIONS, MUST BE POINTED THE WAY THE WORLD DEMANDS... WE ARE HOLDING THE CURRENCY OF A SOVEREIGN DEMOCRATIC COUNTRY, WITH PRIDE, WEALTH, AND TREMENDOUS RESOURCES...AND MOST IMPORTANT, INTERNATIONAL SUPPORT! WE DONT KNOW WHAT WE DONT KNOW...BUT WHAT WE DO KNOW, IS INVALUABLE! [post 2 of 2]
7-13-2015 Newshound Guru sczin11 SO MANY POSITIVE PROGRESSIVE NEWS RELEASES...SO MUCH TALK ABOUT THE IMPORTANT LAWS...ACTING CBI GOVERNOR SPEAKING OUT OFTEN...CITIZENS AND POLITICAL FIGURES CALLING FOR MALIKI TRIAL...ICC APPEARS TO BE INVOLVED... CORRUPTION BEING CLAIMED IN MANY SECTORS OF GOVERNMENT...PROXY APPOINTMENTS BEING ATTACKED...E-GOVERNMENT PLAN MAKING PROGRESS...INTERNET SERVICES BEING IMPROVED... NATIONAL CARDS APPEAR TO BEGIN DISTRIBUTION...SALARIES BEGIN TO BE PAID...INTERNATIONAL SUPPORT CONTINUES...USA TAX REPORTING COMPLIANCE BACK ON THE FRONT PAGES...ARTICLE VIII ENTRY SEEMS TO BE THE GOAL...AND ON AND ON. [post 1 of 2....stay tuned]
7-13-2015 Newshound Guru Millionday Article quote: "According to a member of the Commission on oil and energy parliamentary deputy for the National Alliance Ibrahim Bahr al-Ulum, Saturday, that the differences on oil and gas law, "simple", noting that it can be solved easily and included in the work of the House of Representatives agenda." THE HCL ISSUES ARE A SIMPLE RESOLVE. HE IS SAYING THAT THE LAW IS READY OR HAS SMALL DIFFERENCES AND SHOULD GO TO PARLIAMENT...GREAT NEWS...
7-13-2015 Newshound Guru wmawhite The USD was inserted into Iraq immediately during the war so that Iraq could function and do business...how it is time for them to pull the trigger and it is coming now. [Is the IQD destin to be part of the SDR basket?] Yes...they have told the world that several times.
Read more: http://www.dinarguru.com/#ixzz3hVVkcCHb
7-30-2015 Newshound Guru wmawhite [the 1095 is for the bonds not the rv exchange right or not?] We and the world has been informed by the CBI that they are selling bonds to the retail market (outside of Iraq) and at a fixed RATE...fixed RATE...of 1095 IQD. This we know...This is important...HUGE step...what we don't know is what is there next step. We all have opinions. And some of those opinions come from what they have told us they want done immediately...everything the CBI has announced in official letterhead they have done. Although the 1095 is a small move from 1166 it is very significant for the IQD to move outside of Iraq...HUGE! [these next few days should be very exciting to see!] Yes...this is what we have wanted to see at a minimum. [post 2 of 2]
7-30-2015 Newshound Guru wmawhite That CBI announcement also stated that they were marketing those bonds to "investors abroard." ...Abroard! and at an exact exchange rate of 1095 IQD. [Is 1095 an entrance rate to the world markets?] Possibly...but all we want is for the IQD to go outside of Iraq...become an exchange rate that other currencies can exchange with. [if they do enter at 1095, a float is inevitable IMO.] Not necessarily so. Remember, the CBI can not delete the three zeros from the current program rate of 1166...it needs an exchange rate. [can they just adjust it?] Yes, the CBI by law owns the cuurency....the GOI just uses it. The CBI can do whatever they feel is best for the currency. [didnt they say they wanted to be comparable to Kuwait's rate?] Yes that is true...they still want to do that. [post 1 of 2....stay tuned]
7-30-2015 Intel/Newshound Guru Poppy3 THE WORLD BANK GIVING THE ULTIMATUM FOR A DEADLINE OF 2 MONTHS OR 60 DAYS --- WHAT THAT ARTICLE SAYS TO ME IS THERE ARE SO MANY THINGS THAT REQUIRE THE FIRST THING TO BE DONE FIRST TO COMPLETE THINGS BEFORE THAT DEADLINE...MEANING THEY HAVE TO ASSIGN A NEW RATE BEFORE ALL THESE OTHER THINGS THAT APPEAR NOW TO BE REQUIRED TO BE COMPLETED...LIKE BOND SALES, BUDGET FUNDED, PAYING THE PEOPLE...THAT BY THE WAY HAVE ALREADY STARTED PROTESTING...AND A LONG LIST OF OTHER REQUIREMENTS THAT CAN'T BE COMPLETED WITHOUT A RATE. TIME WILL TELL BUT THE PRESSURE IS ON HARDER THAN EVER AND IT IS OBVIOUS.
7-30-2015 Newshound Guru Kaperoni Article quotes: "...in the process of printing banknotes category 50 000 dinars to put forward in the Iraqi market early next month..." "2016 will see a new printing papers 100 000 dinars class to put on the market," Looks like the 50k in a week or so, and then early 2016 the 100k. These will set the stage to begin to raise the value by reducing the physical note count from 4 billion notes to 1.8 billion notes or about. As well, it will help citizens by reducing the amount of notes they carry. Since this is the decision, it is good to see it happening...progress.
7-30-2015 Intel Guru Frank26 The dinar's value is supported by the existence of Iraq's Borders because without it...The dinar can remain at 1166... And will. It does not directly change it for it cannot but the T and T's (Taxes and Tarrifs) will protect the dinar and her new value when DRS [Dr. Shabibi] decides to lift the three zeros.
7-30-2015 Intel/Newshound Guru tman23 Both Baghdad and Kurdistan declared a public holiday for the next 4 days because of the heat wave...What makes this interesting is the forecast for the next 14 days is no different... So, I guess we will see HOW they open the month of August.
7-30-2015 Intel/Newshound Guru Poppy3 Press Release: "The head of the minister for economic affairs adviser appearance of Mohammed Saleh, Wednesday, that the application of the decision tariff will not change schedule will apply on time." ...DR SHABIBI STATED THE TARIFFS WOULDNT EVEN FUND THEMSELVES AND THE THREE THOUSAND WORKERS IT WILL TAKE TO COLLECT IT WITHOUT a rate change? SOUNDS LIKE EITHER SOME DEAL HAS BEEN MADE OR ITS ONLY A PARTIAL TARIFF OR WHO KNOWS WHAT UNLESS WE SEE A RATE CHANGE. TIME WILL TELL AND EITHER WAY WE WILL BENEFIT FROM THE NEW RATE THAT IS COMING.
7-30-2015 Newshound Guru tlm724 Quote: "General Administration of Customs confirmed its readiness to implement the pricing tariff law on imports through border ports of the country, to be implemented from next Saturday..." so there we have it right from the General Administration of Customs that the tariffs will begin on August 1st in full force. the question remains will they tax the people at 1166 dinars per dollar or will they increase the purchasing power of the dinar to offset the burden on the poor? there is much riding on their decisions going forward. ...the US Treasury is there, the IMF is there and the UN and World Bank...big meetings going on as we speak with the US Treasury etc. I am really excited!
7-30-2015 Newshound/Comedian Guru Mountainman Article: "Iraqi Government Declares 4-Day Holiday Over Severe Heatwave" Quote: "Iraq's Council of Ministers has declared a four-day mandatory holiday beginning Thursday as temperatures are set to soar above 50 degrees Celsius (123 degrees Fahrenheit)." You see The MONETARY REFORM is sooo HOT.....They have to move that Rate for Liquidities sake!!! lol
7-30-2015 Newshound Guru Adam Montana [Tell me your opinion on the dynamics of this administrations deal with Iran...Can this dynamics change delay or torpedo the RV along the CBI's previously stated targets for revalued currency?] The deal with Iran is definitely going to have an impact...In my estimation, this should push Baghdad to move quicker, which would also push the need to revise the value of the currency.
7-30-2015 Newshound Guru sczin11 I AM NOT AN ECONOMICS MASTER, BUT I BELIEVE THIS IS MORE A MATHEMATICAL EQUATION, AND GOOD FINANCIAL ADVISING...THE MATHEMATICS IS HOW WOULD THERE BE ENOUGH DINAR IN CIRCULATION, WITHOUT RUNNING THE PRINTING PRESSES 24/7, TO COVER TAXES AT THE CURRENT EXCHANGE RATE? THE FINANCIAL SIDE OF THE EQUATION, IS THAT THE COSTS OF GOODS WILL BE GOING UP, THUS LOWERING THE PER CAPITA LEVEL OF LIVING AND PUSHING THE AVERAGE IRAQI IN A SITUATION LOWER THEN TODAY, IF THAT IS EVEN REMOTELY POSSIBLE. THIS IS A CRITICAL TIME FOLKS... [post 2 of 2]
7-30-2015 Newshound Guru sczin11 ...BASED ON WHAT I HAVE SEEN TODAY, WITH ONE WORK DAY BEFORE THE 1ST, THAT BEING TOMORROW [THURSDAY], I WILL GO OUT ON A LIMB AND PREDICT THE CUSTOMS & TARIFFS ... WILL BE IMPLEMENTED AS PLANNED...SATURDAY AUGUST 1, 2015. [If that is the case, will they HAVE to HAVE an RV by then?] WILL PRIME MINISTER ABADI, ALLOW THE PEOPLE OF IRAQ TO SUFFER FURTHER? CERTAINLY WAS NOT PART OF HIS PLATFORM...ECONOMIC REFORM CAN NOT EXIST WITHOUT MONETARY REFORM... CAN PM ABADI ALLOW THE COSTS OF GOODS TO INCREASE, AS OPPOSED TO DECREASE? [post 1 of 2....stay tuned]
7-30-2015 Intel/Newshound Guru tman23 [If the World Bank has imposed a 60-day deadline on Iraq, do any of you seeing Iraq trying at all to comply with what they want? Have they approached compliance at all? Are they even talking about it?] The FED COURT ACT... Unless they get this done, all other laws are in question...It appears that they are ready to vote by majority even if the Kurds boycott the vote... They are in dire straits and by the words of the World Bank, time is of the essence...a deadline was placed.
7-30-2015 Newshound Guru Kaperoni Article: "Securities available to the public raise the credit rating of Iraq to facilitate external borrowing" To me, it seems clear the purpose of these bonds is to get the dinar out of the mattresses and pillows and to the banks to buy these guaranteed bonds payable in dollars in 12 months. As a result, the banks get the dinar to circulate and relieve the liquidity crisis as stated..."to provide financial liquidity to limit the financial crisis". I don’t see the CBI removing dinar or reducing the money supply with these bonds. 7-29-2015 Intel/Newshound Guru tman23 Anytime they get close like 2012...a group reacts with creating chaos to delay the process...as like the removal of Shabibi after Abadi announced the change... So now we are witnessing some real reactions across the board...since start of July it has gotten crazy insane...and the contradictions are numerous in all articles and actions... So if using confusion as an indicator...We are on the door step...waiting ...to ring the bell...
7-29-2015 Intel/Newshound Guru Poppy3 [there was an article posted...about tariff collection in august being delayed. Does anyone know how/if this affect our investment?] YES THATS TRUE BUT THE REASONS ARE ALWAYS DISTORTED IN TRUTH...MAIN THING IS THEY CAN'T COLLECT TAXES TILL THE RATE CHANGES. THE LOANS WON'T BE FUNDED OR THE BUDGET TILL A NEW RATE. THE BUDGET CAN'T BE FUNDED TILL A NEW RATE...AND IF ALL THIS STUFF IS TO BE IMPLEMENTED, COMPLETED BEGINNING IN AUGUST THEY GOT TO GET THE FIRST THING DONE FIRST AND THAT IS A RATE.
7-29-2015 Newshound Guru Adam Montana [...how's that good ol' HCL looking like from your point of view after these Ramadan days?] It can't be far off now!
7-29-2015 Intel Guru Mnt Goat Third ...just recently the UN has announced that, by implementing the tariffs on August 1st and plugging into the WTO tariff system, they will become a full member in the WTO (World Trade Organization). Fourth- How can a country become a member nation of the WTO and not have an internationally recognized currency when the UN charter specifically addresses this issue in Article 8? We have read articles telling us that the only two pieces left were implementation of the tariffs and currency reform. Fifth we have read just recently an article from parliament finance telling the CBI there COULD NOT BE A MORE PERFECT TIME TO ACTIVATE THE PROJECT TO DELETE THE ZEROS than immediately. Can you see what is about to happen? [post 2 of 2]
7-29-2015 Intel Guru Mnt Goat Earlier in the week I referenced a window approaching for a possible RV opportunity coming close at hand. Well it’s now here and everything is looking fantastic. If you are at all familiar with what has been transpiring in the news from Iraq over the last couple weeks you should be aware of just how close Iraq must be to having its provisional currency revived and going international once again. So let me set the stage for what we are being told is about to happen in Iraq. First...they fully intend to implement their tariffs, customs and taxes on every boarder crossing on August 1st 2015. Second they have told us that by the revenues generated from the tariffs, customs and sales taxes could amount to over 2 billion dinars by the end of September, if implemented on time. How can the citizens afford these sales taxes with the current rate of the dinar? [post 1 of 2....stay tuned]
7-29-2015 Newshound Guru Adam Montana Well, here we are... [Ramadan] is over, and things are starting to pick up again. ISIS is becoming less and less of an "item" in the daily news, which I expected. There is news of progress on the HCL, but no official movement as of today. That really sums up the whole situation. We need some strong HCL news to get really excited, and until that happens we are in a holding pattern. I have eyes, ears, and boots on the ground that are keeping me very up-to-date on the important stuff, and as soon as I get word that we're close I will let you know!
7-29-2015 Newshound Guru My Ladies Article quote: "Disable always on Thursday to next Sunday due to high temperatures" [Temps in Bagdad: Wednesday Clear 119°92°; Thursday Sunny 124°91°; Friday Sunny 123°92°; Saturday Sunny 122°91°; Sunday Sunny 121°90°] IRAQ IS ON AN OFFICIAL HEAT HOLIDAY UNTIL NEXT WEEK. IT'S HOT HOT HOT AND THEY DON'T ALL HAVE A/C. YEP THEY NEED A HEAT HOLIDAY.
7-29-20215 Intel/Newshound Guru Poppy3 DO THEY WANT TO GET THE PEOPLE PAID? ANSWER YES AND HAVE STATED SO SEVERAL TIMES. DO THEY NEED THE FUNDING FROM THE LOANS - YES. DO THEY WANT/NEED/EXPECT THE TARIFFS AND TAXES? YES AND HAVE SAID SO SEVERAL TIMES. DO THEY NEED AND HAVE PROMISED THE BUDGET FULLY FUNDED -- YES AND HAVE DEMANDED IT BE DONE AND ALL THESE THINGS TO BE COMPLETED IN THE MONTH OF AUGUST. HMMM NOW I HAVE BUILT MY EXCITEMENT TO A LEVEL THAT I CAN DANCE.
7-29-2015 Intel Guru Frank26 WE ARE FOCUSED ON AUGUST THE FIRST TO SEE IF THE TAX AND TARRIF LAWS COME OUT AND TO SEE IF THE BONDS ACTUALLY START SELLING...BOTH IN AND OUT OF IRAQ. WE BELIEVE THE DOMESTIC BONDS WILL BE SEEN AT THE 1095 LEVEL TO ENTICE THE IRAQI CITIZENS TO COME INTO THE BANKS AND TO INTEREST THEM IN PARTICIPATING IN THE SALE OF THE 2 BILLION IN DOMESTIC BONDS. THIS CHANGE FROM 1166 IS THAT “ATTRACTION” OR ENTICEMENT THAT DR. S [SHABIBI] KNOWS IS NECESSARY AT THIS TIME. ONCE THE DOMESTIC BONDS ARE OUT THEN WE WATCH FOR THE INTERNATIONAL BONDS TO SHOW AND JUST AS THE DOMESTIC BONDS NEEDED TO BE ATTRACTIVE SO DO THE INTERNATIONAL BONDS AND WE LOOK FOR THAT “ATTRACTION” THAT WOULD BE TIED TO THEM.
7-29-2015 Intel/Newshound Guru tman23 There are 2 types of news in Iraq... The news we get from press releases and then the news on the streets which is only for Iraqi's... And inside Iraq they are trying to hold it together with more talk...But the reality is, it is about to explode internally if they do not come up with immediate solutions...and those solutions require money... LOTS OF MONEY!!!
7-29-2015 Intel/Newshound Guru Poppy3 Article: "World Bank gives Iraq two months to approve the anti-money laundering law" SEEING THIS FOR REAL IN INK IS A REAL EXCITING NEWS POST. IT ALSO CONFIRMS WHAT WE HAVE SAID FOR A COUPLE MONTHS THAT THEY HAVE (THE WORLD BANKING LEADERSHIP ) LIKE US...HAVE BELIEVED AND THOUGHT THIS SHOULD HAVE ALREADY BEEN COMPLETE. LETS ALL HOPE THEY ARE CLOSER TO FINALIZING ALL THE NEEDED LAWS, ETC. THAN THEY HAVE MADE PUBLIC...THIS IS HUGE NEWS AND A CONFIDENCE BUILDER.
7-29-2015 Newshound Guru sczin11 [what do you believe is standing in the way of these laws being pased?] IMHO, TIMING...THEY ARE WAITING ON SOMETHING...NOT SURE WHAT...COULD BE MALIKI. I THOUGHT TODAYS AGENDA WOULD BE FULL...IT WAS NOT...I THOUGHT THEY WOULD MEET TOMORROW [WEDNESDAY]...THEY R NOT..THURSDAY IS LAST SESSION OF THE MONTH. TARIFFS WERE TO START SAT, BOND SALES SUN, TRANSFER OF POWERS NEXT WEEK, LESS THAN 2 MONTHS FOR MONEY LAUNDERING LAWS, LESS THAN 2 MONTHS FOR FACTA LEGILSATION. I AM VERY ENCOURAGED ABOUT THE NEED NOW TO ACCOMPLISH WHAT THEY STATE THEY WANT TO DO NOW...BUT, THEY HAVENT PROVEN THEIR HASTE TO ME YET...THEY ARE MOVING FORWARD, DONT GET ME WRONG, BUT IF I WERE IN CHARGE, I WOULD BE EATING MY WHEATIES EVERYDAY... EARLY IN THE MORNING.
7-29-2015 Newshound Guru My Ladies Perhaps we are misleading people or using the improper verbiage or not getting our point across thoroughly...Neither [Guru] Nova or I said...anything that the Central Bank of Iraq isn’t saying. I don’t know and Nova doesn’t know if 1095 is going to be the exchange rate of the Iraqi dinar. What we said is the Central Bank of Iraq said they are selling bonds -- their verbiage was “abroad” -- at a rate of 1095 to 1 USD. They’re selling it in dinar. Again, this isn’t Nova and me saying these things. This is the CBI and ISX. This was formal, on their letterhead...Now, what Nova and I said is that the Central Bank of Iraq, the Government of Iraq, or anybody can’t sell bonds abroad, international, whatever word for outside the country, without having an exchange rate. Are Nova and I saying that 1095 is the new exchange rate for the Iraqi dinar? No. The reason this is happening is because the GOI has no money. The GOI is broke, and they can’t get dinar from the CBI. They have to create an event in order to raise the funds they need. The whole thing is they’ve turned the engine on, and it’s wonderful.
7-28-2015 Newshound/Intel Guru BGG [Is it True Iraq has 60 days to RV?] not exactly - the WB [World Bank] has given Iraq 60 days to deal with their money laundering issue...which should, at some point shortly after they do - open the door for a very different regime... (more PRO-currency reform) - short answer...it is far more possible once they satisfy the WB.
7-28-2015 Newshound Guru My Ladies & Nova ANNOUNCEMENT... "ANY COMPANY OUTSIDE IRAQ INTERESTED IN TRADING ELECTRONICALLY ON THE ISX MUST SUBMIT THEIR OFF IN WRITING BEFORE AUGUST 27TH AND THEY MUST INCLUDE WHO THEIR REPRESENTATIVE WILL BE." I HAVE OFFICIAL NEWS THAT THE RATE IS GOING TO BE 1095 AND IRAQ WILL BE OPEN FOR TRADING 8/2...SO WE SEE THEY ARE ALLOWING ONLINE TRADING FOR ME AND YOU ON THE ISX. THIS IS TRULY REMARKABLE ...ITS STARTING! EXCITING TO SAY THE LEAST!
7-28-2015 Intel/Newshound Guru tman23 "the Government's decision to reduce the salaries of officials and senior staff closer to attempt a radical processing prosthesis for the problem..." The salaries of the GOI were ridiculous...One of the IMF concerns/conditions with regard to Iraq GOI was salaries...to be adjusted.
7-28-2015 Newshound/Intel Guru BGG ...they are meeting - over what to do about Maliki...they come back, not much gets done - deal with Maliki - move on... [are you saying Maliki issue is more important right now for them to decide than voting on the laws? because once Maliki is canned, the laws will be a whiz to pass?!] no question - that is what I am saying...he has played the "obstructionist" thus far. He goes - things move!!
7-28-2015 Newshound Guru My Ladies [Yes. And this process requires then the IQD to be international.] ABSOLUTELY IT DOES! YOU CAN NOT CONVERT EURO, OR YEN, OR PESOS, OR DISNEY DOLLARS INTO DINAR WITH OUT THE CONVERSION SWITCH BEING TURNED ON! ...I HAVE SAID 2-3 DOZEN TIMES RECENTLY WITH ALL THIS ACTION IN THE MIDDLE EAST THE DINAR NEEDS TO TRADE SOON. I WAS NEVER SPEAKING TO VALUE, JUST TO THE START OF IT TRADING...AND I THINK THIS IS WHERE WE ARE AT COME THE 2ND OF AUGUST. [post 2 of 2]
7-28-2015 Newshound Guru My Ladies [They are creating DEMAND for the IQD by selling the bonds…The IQD now has a purpose.] THIS IS WHY WE ARE SAYING THE DINAR WILL BE CONVERTIBLE ACROSS BORDERS...AND ALSO LOOK AT WHO THE SELLER IS, THE GOI IS THE SELLER, NOT THE CBI, THE CBI IS ONLY MAKING CONVERSIONS. IN ORDER TO TRADE THESE BONDS ACROSS BORDERS THAT MEANS THAT THE CONVERSION SWITCH IS TURNED ON. RIGHT NOW THE DINAR IS FOR IRAQ USE ONLY AND IN ISOLATION RIGHT? SO NO MATTER WHAT YOU HEAR OUT THERE FROM ANYONE THIS IS BASIC BANKING 101, NO MYSTERY NO SECRET INTEL, NO NONSENSE. THIS IS JUST HOW THE WORLD OF BANKING WORKS. BASIC AND NO MYSTERY INVOLVED. [post 1 of 2....stay tuned]
7-28-2015 Intel Guru Frank26 The Kurds said that the HCL...they got no problems with it and they’ve been saying that for a long time. The HCL is being used with the Kurds right now to deal with the extra oil that they are shipping out...100% of it. If we see the taxes and tariffs...then we’re off to the races man! If we see the bonds are we off to the races? No. Actually the bonds are a mechanism of the monetary reform. That is the TARGET DATE of AUGUST 1st. We think in our hearts that the $3 to $4 range is ridiculous...the 1 - to -1 rate would be ideal. Then Forex can take that 1- to -1 and put it into warp-speed to $3, $4 or whatever they want to do. In my opinion the IQD will have got from a RI rate to an RV rate...something much more valuable. The international bond is the starting point to adding value... Article 8 compliant...from RI...to RV...to Forex. The monetary reform is right in front of your eyes! [post 3 of 3]
7-28-2015 Intel Guru Frank26 Maliki...is the reason why we don’t have a monetary reform yet. Maliki sees his loyal followers dwindling in front of him. His time is measured. Maliki even tried to give problems to the Kurds. Normally they would have come out after him – but they did nothing. They don’t care about Maliki! The Kurds are the primer of the monetary reform of the IQD currency. They are the ones who will trigger everything for the funding. The GOI said that the investment law is being passed and IMO is being done for Kurdistan. The INVESTMENT LAW was passed a long time ago. It was amended 3 times. Why? To “SUIT” the conditions for the Investment Law...to grow the private sector and their economy. They have to get this done by October. [post 2 of 3....stay tuned]
7-28-2015 Intel Guru Frank26 [via FrostyTheSnowman] ...the main thing that we have been concerned about in the IQD investment is the SECURITY in Iraq. The SECURITY that we want is growing rapidly. The Iraqi Army is kicking butt...removing ISIS...capturing cities, ground, banks, etc. The IMF watches all of this and says on their website that the IQD is 1166...but 2 days AFTER this military action...the IMF removes the rate of the IQD and puts up there...“HOLDING”. What are they holding? Not much...you know the IMF already gave Iraq the green-light. We believe that the info coming out right now is so concentrated towards the monetary reform of the IQD that it is very clear. I think the conditions are now good to raise the value of the IQD. The environment of Iraq is good for the IQD to reinstate it’s value...just like Dr. Shabibi wants. We are almost there...I don’t know WHEN...we offer no date here. You can’t raise the value of the IQD if the GOI and the CBI are fighting – and there is none! [post 1 of 3....stay tuned]
7-28-2015 Newshound Guru My Ladies ...NEVER MIND THE INITIAL RATE...THIS WILL CHANGE... WE COULD SEE MORE PROGRESS WITH THE IQD RATE BETWEEN THE 2 BILLION BOND SALE, WHICH STARTS AUGUST 2ND, AND THE 3 BILLION BOND SALE, A MONTH LATER. WE MAY NEED TO SEE A RATE FIRST, THEN DELETE THE ZEROES. THE DELETE THE ZEROES THING, PART OF THE TWO-PART PROCESS, COULD HAPPEN AT ANY TIME. YOU CANNOT COME OUT OF YOUR DRIVEWAY DOING THE SPEED LIMIT. YOU HAVE TO START SLOW, SEE HOW IT GOES, THEN YOU CAN THROTTLE UP. KUWAIT NEVER REVALUED. THIS IS A MYTH. THEIR CURRENCY WAS FROZEN WHEN IRAQ WAS INVADED. WHEN IRAQ LEFT, THEY FLIPPED THE SWITCH BACK ON. THE SAME THING IS LIKELY HERE...WE WILL JUST SEE THE INVESTMENT CRACK WITHOUT WARNING. [post 2 of 2]
7-28-2015 Newshound Guru My Ladies [via MIKE (MVL)] THE SANDBOX IS A LOT FURTHER ALONG THAN WHAT WE KNEW OR SUSPECTED...WE ARE DEALING WITH SOME OF THE LAST PUZZLE PIECES. IRAQ IS READY TO SELL RETAIL BONDS...KEEP WATCHING THIS PROCESS...THIS MAY START AUGUST 2ND. IF THIS HAPPENS IN IRAQ ONLY, THEN NO INTERNATIONAL RATE IS REQUIRED. WE ARE NOT SURE JUST YET WHERE THEIR CURRENCY COMES INTO PLAY DURING THIS PROCESS. WE MAY SEE A 1095 RATE FOR THE IQD ON THE FOREX THIS COMING SUNDAY NIGHT, MONDAY MORNING VIA THE CBI WEBSITE. DON'T DO ANYTHING... DON'T FREAK OUT...JUST WATCH IT TAKE ITS FIRST INTERNATIONAL STEPS. IQD AT THE START 1095, BUT IT WON'T STAY THERE...IT CAN'T. [post 1 of 2....stay tuned]
7-28-2015 Intel Guru Mnt Goat My next guess is that also very soon we will see this infamous “basket” of laws being announced since they are all inter-connected together and must be implemented all at once to make any sense.
7-27-2015 Newshound Guru sczin11 Article quote: "MONEY LAUNDERING LAW BY OCTOBER OR ISOLATION FROM WORLD ORGANIZATION" THIS IS A HUGE STATEMENT. IT IS NOT A THREAT. IT IS REAL. ...A FEW WEEKS BACK WE SAW THE RELEASES REGARDING THE WB AND IMF LOANS, AND THE NEED FOR CERTAIN THINGS TO BE ACCOMPLISHED OR ELSE...THE BLACKLIST...NOW HERE WE SEE, THE DEADLINE...A TIME FRAME... NOT FOR A CHANGE IN VALUE OF THE DINAR NECESSARILY, BUT THE WORDS...ARE CLEAR...APPROVE THE LAWS, AND PLAY HARD BALL WITH THE GLOBAL COMMUNITY...IF NOT, SEVERE IMPACT TO MONETARY REFORM...AND ISOLATION FROM THE INTERNATIONAL COMMUNITY. THE INTERNATIONAL COMMUNITY HAS BEEN SUPPORTING IRAQ, THEIR ATTEMPTS TO CLEAN UP THEIR ACT, AND JOIN TOGETHER WITH THE WORLD...THEIR TIME IS UP...WE ARE AT THE END OF THE ROAD! I DONT SEE EARLY 2016 LIKE MANY HAVE ALREADY STATED...
7-27-2015 Intel Guru Bulldog75 An Iraq RV is imminent. The planet finances are beckoning the obvious. Prepare and buckle up. The financial wind currents are getting stronger by the day.
7-27-2015 Newshound Guru Stryker The news just keeps getting better and better with the dinar this month... The top Iraqi dinar news is, Finance Committee secretary Hadi al-Yasiri two days ago made these comments: QUOTE: "the central bank to speed up the application of the project to delete the zeros and make it parallel with the money, which began shortly before laundering law." Remember that the World Bank and other International financial institutions have given Iraq 2 months or until October to enact the Anti-Money Laundering Act. Does this mean that it will not RV until then? Could be but they may be able to work around that if all blocs agree to pass it thru parliament. I'm under the opinion that the country needs this to take place and the right people are finally in charge, so our chances are better then they have ever been for this project to take place.
7-27-2015 Newshound Guru Kaperoni Article quote: "economic and investment commission parliamentary member Ahmed Kanani that the World Bank and other international financial institutions gave Iraq until next October as the date for the adoption of anti-money laundering law." Well we see if they can pass this before Oct. There are also several articles that seem to tie these laws to the currency reform. If so, we may begin to see monetary change right after the laws are passed.
7-27-2015 Newshound/Intel Guru BGG Article: "World Bank gives Iraq two months to approve the anti-money laundering law" I mean HOLY MOLY! Basically the WB is giving them 2 months to get this done - Or else...it also portrays the WB has been assuming this would have been handled by now - pretty much guarantee this is the hold-up behind the various "aid packages" and loans...also - I would imagine they know Maliki is the central figure in this problem (money laundering - via the CBI). All I can say is SHAZAAM!! if there were ever pressure on Iraq and the CBI - it is now.
7-27-2015 Intel Guru Mnt Goat Last week I also presented you with an article statement from the head of the finance ministry and they told us at that time it was “URGENT” and “THE BEST POSSIBLE TIME” now to complete the process to delete the zeros from the currency (or drop the larger 3 zero notes, the provisional currency). The IMF is also strongly suggesting now it the time. I feel that all the provinces may not get paid oil royalties this week (in fact I am sure of it) but the beginning of the process will show to the IMF and the USA they are making good on the HCL law to distribute these funds...I have told you all along this is something that is NECESSARY to see any RV. We will witness this very soon. [post 2 of 2]
7-27-2015 Intel Guru Mnt Goat Earlier in the week I referenced a window approaching for a possible RV opportunity coming close at hand. Well it’s now here and everything is looking fantastic. The hope was that this final vote on Amnesty would have been taken on last Thursday 7/23 or Friday 7/24. However parliament decided to take a short recess until meeting again on Monday and the vote had to be delayed. So lots could happen this week. ...I was told over the weekend is that the distribution of the lower denominations depends on the passing of the Amnesty bill. This is why I believe it may in fact get passed this week and we might see our lower denoms distributed OFFICIALLY throughout ALL THE PROVINCES. We all should know what this means…right? The rate has to change in order to do this move. We wait to see what happens this week. [post 1 of 2....stay tuned]
7-27-2015 Newshound Guru OOTW WE SAW A VIDEO PRESS RELEASE A FEW MONTHS AGO, INDICATING THAT THE 50K NOTE WAS GOING TO BE WORTH 100.00. THAT'S EFFECTIVELY DOUBLE THE VALUE OF THE DINAR, CURRENTLY. THEY COULD ACTUALLY DO THAT, TO SHOW THE WTO THEY'RE ADDING PURCHASING POWER, AND THEN AS THEY NEAR THEIR MEETING AND THE PRIVATE SECTOR GETS FURTHER ALONG, WE COULD SEE A NOTICEABLE INCREASE AS THEY NEAR THEIR MEETING WITH THE WTO. FOR ME, THIS IS A WORSE CASE SCENARIO BUT I PREFER TO PREPARE FOR THE WORST AND HOPE FOR THE BEST. IF THEY CAME OUT VERY LOW...DOUBLE THE VALUE OF THE DINAR...I WOULD THINK SPECULATORS WOULD RUN RAMPANT, SCOOPING UP DINAR. THEY COULD COME OUT LOW AND THEN IT COULD BUMP UP NOTICEABLY IN A SHORT AMOUNT OF TIME...THERE ARE MANY OPTIONS. [post 2 of 2]
7-27-2015 Newshound Guru OOTW [in your opinion...what do you see/ believe has to be done for an rv to even have a chance of bcoming reality?] MY PERSONAL FEELING IS, THE CLOSER WE GET TO 2016 AND IRAQ'S WTO CONSULTATION, THE BETTER WE'LL BE LIKELY TO SEE SOME KIND OF MOVEMENT IN THE VALUE. BUT...THEY'RE UNDER A LOT PRESSURE... [in your thoughts...whats lacking?] THEY HAVE A WAYS TO GO, BUT REMEMBER WE'RE ONLY FOUR MONTHS AWAY FROM THE BEGINNING OF THE YEAR. REMEMBER JOBOURI WAS GIVEN THE GREEN LIGHT BY THE PRESIDENT, MASSUM, TO PASS LAWS AS HE NEEDS TO. [you believe by the end of the year?] WE ARE MAKING VERY STRONG PROGRESS. I BELIEVE BETWEEN JANUARY AND APRIL OF 2016 - OF COURSE, THIS DEPENDS ON THE TARIFF'S GOING INTO EFFECT, AND HOW CAN THEY ADD THAT FINANCIAL BURDEN TO PEOPLE WITHOUT GIVING THEM PURCHASING POWER... [post 1 of 2....stay tuned]
7-27-2015 Newshound Guru My Ladies THE MINISTRY POWERS ARE TO BE TRANSFERRED TO THE PROVINCES BY AUGUST 5TH, DESPITE THE STALLING AND THE WHINING. THIS IS NECESSARY STEP TO MOVE TO MARKET ECONOMY, THE TIMING OF ALL OF THIS SURE IS POSITIVE, AND WITH IRAN IN IRAQ RIGHT NOW THINGS COULD BE MOVING ALONG.
7-27-2015 Newshound Guru OOTW Press Release: "FROM KEYWORDS: "Revision of the state budget structure and presentation" KEYWORDS OUTLINES THE BUDGET MONIES AND HOW THEY'LL BE SPENT IN ACCORD WITH THE 2015 BUDGET - I'VE NEVER SEEN A PRESS RELEASE LIKE THIS BEFORE FROM THE CBI - THEY MEAN BUSINESS. [So...would you say that the ball is rolling, so to speak, now that there back from break?] ABSOLUTELY.
7-27-2015 Newshound Guru Millionday Article quote: "The proposals and amendments approved by the parliamentary committees on investment law will be presented early next legislative term, to approve the legislation..." THE INVESTMENT LAW HAS BEEN ADDRESSED AND AMENDMENTS WILL NEED TO BE MADE INTO LAW AS AMENDED...IT IS LAW WITH NEEDED AMENDMENTS FOR INTERNATIONAL INVESTMENT. [Do Amendments need to go through the same process of 1st, 2nd 3rd readings?] THE REPORT STATES IT GOES FOR VOTE...IT IS ONLY 2 READS AND VOTE NOT 3. I CAN IMAGINE THIS IS NOT GOING TO BE A SLOW PROCESS AT THIS POINT.
7-27-2015 Newshound Guru firefly [do you think that M [Maliki] needs to be delt with before the RV can happen?] No I'm looking for the implementation of the tariffs and the International Bonds...Tariffs and Bonds both scheduled for Early August. [is it Aug. 1st for the tarriffs and Aug. 2nd for the Bonds?] That's what is in ink. Let's hope they stick to the plan this time! 7-26-2015 Newshound Guru My Ladies Article quote: "The central bank announced on Sunday his intention to put up bonds...The bank said it "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar..." [I remember...you and Nova spoke about the possibility of a two step process. One to introduce their currency to the int'l market, and then shortly thereafter, raising the value to a true level. Perhaps 1095 could be a launching position?] WE NEED TO SEE WHAT 8/2 BRINGS BECAUSE I HAVE A GNAWING FEELING THEY ARE GOING INTERNATIONAL AT THAT PRICE FOR NOW...WE HAVE TO SEE BUT IT SURE SAYS THAT TO US...ALL OF THIS SPEAKS TO TRADING GLOBALLY AND DOING IT NOW!!
7-26-2015 Newshound Guru sczin11 THE WORLD APPEARS TO BE SUPPORTING IRAQ FOR THE MOST PART, IN THEIR QUEST TO CLEANSE THEIR GOVERNMENT, AND BRING ON NATIONAL RECONCILIATION. YES IT IS NICE TO SEE PROGRESS, BUT FINALITY WOULD BE REFRESHING.
7-26-2015 Newshound Guru sczin11 Article: "Parliament amended the important laws for a vote soon" Quote: "The laws that have been modified by agreement of the political blocs, the National Guard is the law and the law of amnesty, as well as other laws," HUGE STATEMENT! LAWS ARE DONE...NATIONAL RECONCILIATION IS NEXT... WOW....WHAT A POWERFUL RELEASE WITH LOTS OF INFORMATION...WILL WE SEE A TUESDAY AGENDA FULL OF THESE REFERENCED LAWS?
7-26-2015 Newshound Guru firefly ...sovereign bonds are for Iraq, International bonds are for...well... INTERNATIONAL...2 bonds, 2 separate entities. Sovereign bonds don't interest me. On the other hand, International Bonds should be very exciting for us. Iraq has put in ink the International bonds will be released in Aug. Let's see if they stick to their deadline. I don't give windows or dates but they have to do something and SOON. I have a hunch we're heading into VERY exciting times with our investment.
7-26-2015 Newshound Guru Millionday Report quote: "it has become an annual plan reflects the plans or the medium and long-term strategies, which are aimed at achieving economic and social goals" THIS MASSIVE REPORT HAS BEEN EXPECTED AND HERE IT IS -- WHOOPOW. THE OPERATIONAL SIDE OF THE BUDGET HAS BEEN OPENED -- THIS IS ABOUT THE INVESTMENT ETC SIDE. THE GOALS ARE MASSIVE...OBVIOUSLY A VERY HARD POSITION TO BE IN. THEIR BUDGET IS NO LONGER JUST WORDS AND IS HEADED TO WORLD POWER THAT BE FOR ACTIVATION AND PLANNING. [when is this to be implemented?] THIS IS BEING DONE NOW. 7-25-2015 Intel/Newshound Guru tman23 Through media and assembling of facts...The US has made a statement since the nuclear agreement that they are going to limit Irans influence in Iraq...It is certainly a contested battle... But to succeed IMO they have to remove those who keep promoting sectarian disputes and inciting riots and killings... Just about every major issue Iraq faces has a Maliki finger print on it... A few weeks ago England and US special forces have been securing every airport in Iraq... The special forces were given carte blanch' ... No waiting on clearances from top brass...CLEAN HOUSE! IMO...we are receiving limited amounts of information...Such as...Everyone who knows Maliki's past knew he wasn't going to resign...They sure as h*** knew!! And you can bet the moves are already planned... Which is IMO...still everything at one time!!
7-25-2015 Newshound Guru OOTW FIRST READING OF THE FEDERAL REVENUE LAW PASSED. HERE'S A PARAGRAPH FROM THE LAW AS POSTED AT THE PARLIAMENT SITE: "Article-9 Federal realized Alerardat issued from the following: First -mbaat oil and gas and other mineral resources belonging to the state and revenue resulting from oil and gas contracts from national and foreign companies and investment contracts and indirect taxes Alambeshro. Second-grants and international aid. Third-federally aggregated revenues, or for the benefit of the Federal Government from the region and governorates not organized in a region." ANYONE WHO SAID THIS IS SOLELY ABOUT TAXES IS WRONG.
7-25-2015 Newshound Guru Breitling Article [Iraqi Banks refuse to anti up amid liquidity shortages] What's so pleasing to me is that they have to lower the note count to do this…That's what these banks are having a problem with. It's a liquidity shortage…this is a reflection of them pulling dinar off of the market. But what's their number on problem though? It's the US Dollar. Everybody is addicted to the US dollar. But what this tells you and what you should focus on is the note count reduction…because it's big and it's heavy and it means something for us. We are going to gain value. There has never been a country reducing their note count like Iraq is doing and haven't gained value on their currency. It's that black and white…it's that clear. [Post 2 of 2]
7-25-2015 Newshound Guru tlm724 Article: "Urgent ..alebadi Parliament calls for national legislation card law as soon as possible to be checked" Quote: "the government is committed to simplifying the procedures for transactions This card is one of the wheels of the citizen and to avoid administrative and financial corruption." so this card will replace all other cards issued and will also be issued to everyone 12 years old and above throughout Iraq.
7-25-2015 Newshound/Intel Guru BGG Article: "Fakih Dawa Party, Abdel-Halim al-Zuhairi abandon Maliki and goes to advocate Abadi". That is a fantastic article - there is a serious push to replace Maliki from the inside out...which is how it should/would go down...inner circles first, political next and ICC after.
7-24-2015 Newshound Guru Breitling The price of oil will go down…will that have an effect on the dinar? It could. If their revenue drops they will just drop the note count down. They are going to get that value no matter what. They are going to get to a buck seventeen ($1.17) and then they're going to get to $3 plus…that's on their agenda. In fact it's a massive priority. That's why I get so excited when I talk about it. Don't worry about the oil prices going down…they can adjust the note count based on what the markets are. [post 1 of 2]
7-25-2015 Newshound Guru Millionday Article quote: "The parliamentary finance committee expressed, Thursday, for it seeks to discuss and approve the pass a number of bills in the House of Representatives and that serve the monetary policy of the country in general." THE SESSION ON THE 25TH IS TO INCLUDE MONETARY POLICY LAWS AND ONE IS THE TARIFF TAXATION FOR GOVERNMENT REVENUES. 7-24-2015 Newshound Guru Breitling [Is it legal to buy the Iraqi Dinar?] You can buy anything you want! It used to be people saying it was illegal to buy it BUT you had all these banks buying it…Chase Bank. Bank of America had a seat on the auction floor in Iraq itself. There is no law against buying any currency.
7-24-2015 Newshound/Intel Guru BGG of what benefit is it for the Iranian Central Bank to boost their currency now? [Iran will not do that.. and why do we think Iraq will...?] it's the only way the GOI will get any piece of the CBI reserves...the GOI stands to benefit - same way you and I do - it's how they have been thinking about "bridging their deficit" - bank on it...I heard this scenario from a very direct source a while back. I just wish they would come on with the number...whatever it is.
7-24-2015 Newshound Guru Millionday THE OPERATIONAL SIDE OF THE BUDGET HAS BEEN LAUNCHED... THE INVESTMENT SIDE --- NOT YET. THE FUNDS FOR INVESTMENT/PROJECTS ETC ARE NOT READY YET -- BUT OPERATIONAL SIDE OPEN RIGHT NOW.
7-24-2015 Newshound/Intel Gurus BGG & wmawhite Call it tax or tariffs...they need revenue...none of that happens without VALUE! Another indicator of what is coming...True. [IF the Tariffs are enacted on August 1.. do they start then or is there a waiting period?] tariffs are already law (as I recall) - they have just delayed implementation - on the advice from their own experts.
7-24-2015 Newshound Guru sczin11 Article: "SAUDIA ARABIA PRINCE CALLS ICC TO ARREST FOR GENOCIDE-IRAQ RESPONDS" Saudi prince calls for the arrest of "Nuri al-Maliki". THIS IS NOT SOME MP...THIS IS NOT SOME MEDIA LOOKING FOR FILLERS TO SELL PAPERS...THIS IS THE PRINCE IN SAUDIA ARABIA...THE COUNTRY THAT IS JUST COMING BACK AFTER 25 YEARS NO EMBASSY IN IRAQ. YOU THINK THIS IS A POWERFUL STATEMENT? IT APPEARS HIS DAYS MAY TRULY BE NUMBERED...THE WORLD TALKS, IRAQ WILL NOT RUN AWAY.
7-24-2015 Newshound Guru OOTW THERE ARE MANY LAWS WHICH HAVE BEEN PASSED, AND LISTED AS SUCH AT THE PARLIAMENT SITE, THAT HAVE NOT BEEN UPLOADED IN THE IRAQI LAW LIBRARY ONLINE – THIS IS A REFLECTION OF THE OFFICIAL "GAZETTE" WHICH WE SEE PUBLISHED AT THE MINISTRY OF JUSTICE SITE EVERY TWO TO THREE WEEKS OR SO. THERE'S NOT BEEN ANY UPLOADS FOR OVER TWO MONTHS IMHO, THIS IS PART OF THE PROBLEM... RIGHT NOW...WE HAVE A SITUATION WHERE MASSUM HAS SAID THAT HE'S GOING TO ALLOW JOBOURI (HEAD OF THE PARLIAMENT) THE ABILITY TO PASS LAWS AS HE SEES FIT... SO - WE'LL SEE WHAT HAPPENS VERY SOON HERE WHEN THEY RETURN.
7-24-2015 Intel/Newshound Guru Poppy3 I HAVE IT ON GOOD AUTHORITY THAT THE INTERPOL POLICE HAVE HIM [MALIKI] UNDER VERY CLOSE SURVEILLANCE AND WHEN THE INTERNATIONAL CRIMINAL COURTS HAVE THEIR CASE BUILT THEY WILL ISSUE A PICKUP ON HIM AND HE WILL BE GONE. TIME IS ON OUR SIDE DEFINITELY NOT HIS.
7-24-2015 Newshound Guru BGG ...there are distinct advantages to Maliki being gone. He's toxic - the world is not putting up with it. Someone WILL take the fall... and he is, ultimately responsible. Maliki is kidding himself...it's all bad for him right now - there is no safe place. IMHO...once he (and then ALAK) are out of the way - things move very quickly. 7-23-2015 Newshound Guru Millionday IRAQ IS RELEASING KURDISTAN`S ENTIRE YEAR BUDGET -- WHOOPOW. THEY ARE OPTIMISTIC IN THE MOVES OF THE GOVERNMENT STEPS FOR ECONOMIC ADVANCEMENT TOWARD ITS REALITY. THE OPPORTUNITIES AHEAD NEED TO BE RESPECTED AND THE TIMELINES -- THE PLAN AND ALL COMPONENTS MUST ALL FALL INTO TO PLACE TO SUPPORT THE PM AND THE OBLIGATIONS. THE PLAN TO GO TO A MARKET ECONOMY NEEDS THE LAWS ACTIVATED AND THE MOVE TO IT MOVED FORWARD. EVERYTHING THEY HAVE WORKED ON NEEDS TO BE ACTIVATED --- THIS IS A HUGE CROSS ROADS FOR IRAQ AND THEIR POSITION GLOBALLY. [ALL AT ONCE!] EXACTLY.
7-23-2015 Newshound Guru wmawhite [ I dont know how they can enforce these Tariffs and not do something with the currency... the inflation will go thru the roof.] Exactly...those are small indicators of what is coming. The tariffs are an example of what needs a change in the value...because they/CBI will never speak directly about the coming change. I seriously look forward to each day because I believe that Iraq along with the entire region is at the point where Iraq will move forward at any time...Seriously, the dynamics are huge. And I don't care what day of the week nor month. It doesn't have to be the 1st, 15th...it can be any day now.
7-23-2015 Newshound Guru Aggiedad77 Article: "Iraq still needs Massive Int’l Support" The UNSC is saying that Iraq continues to need much support from the International arena....the Iraqis need to implement with vigor their effort to overcome the current economic crisis as well as the war against terrorism...but they desperately need funding and other support to make this happen...they need to continue to push for national reconciliation for all political entities and continue to focus on the growth of their economy.
7-23-2015 Newshound/Intel Guru BGG Article: "The Commission on Economy and Investment parliamentary reading of the Investment Law, noting that it will be presented to parliament for a vote." The main thing Abadi promised investors while in DC... looking more and more like he'll make good. [when is the vote scheduled or is it?] that sounds like it going to be "read" - I suspect Saturday or sometime shortly thereafter...it is a priority.
7-23-2015 Newshound Guru Aggiedad77 Article: "Conscious / Send a card the draft national law to the Ministry of State for Provincial Affairs and Parliament" The COM has sent a new draft law to Parliament...the Standard Card National Law...proposing that this law be accelerated to get it worked through Parliament as swiftly as possible...this is the national card that would be issued to all citizens over the next couple of years...a card that may facilitate the delivery of oil payments to citizens...yes the long awaited fourth part to the HCL...note they may have slipped and referred to this as the "crude national card"...I'm liking that.
7-23-2015 Newshound Guru Chattels [reference Guru Kaperoni post 7-22-2015, posts 1 and 2] the foregoing is likely a good analysis/extention of my simplistic statement that the world of international banking and commerce must accept/assign/embrace a value to the IQD...that banks will not exchange an increased value to the dinar if they cannot reliably profit from the transaction. increasingly I am persuaded that it is essential for Iraq to have a long term hydrocarbon law and be able to abide/perform in accordance with the terms thereof...such will require consensus and legislative action which continues to be a challenge for the Iraqi Parliament.
7-23-2015 Newshound Guru My Ladies Quote from Article from 2013: "Two Iraqi parliamentary committees monitoring fiscal policy in Iraq have held two contradictory positions on the Iraqi currency “reset” project, which would delete three zeros from the currency. There has been much debate about the project's feasibility and the date of its implementation." THE PEOPLE WHO OPPOSED THE RESET IN 2013 ARE THE PEOPLE THAT ARE SAYING NOW IN 2015 THE TIME IS RIGHT. IT SEEMS MALIKI BACK THEN AS [WAS?] FOR THE DELETION, AND TAMIMI AGAINST IT, SO NOW ALL THE CONCERNS HAVE BEEN ADDRESSED AND TAMIMI IS SAYING THE TIME IS NOW. SALEH WAS CONCERNED BACK THEN TOO AND EVERYONE OBVIOUSLY OUT RULED MALIKI AND NOTHING WAS DONE. SALEH IS ON THE BALL NOW...
7-23-2015 Newshound Guru Millionday CBI Announcement quote: "CENTRAL BANK OF IRAQ DECLARES TO EXTEND THE PERIOD OF CLOSING DATE FOR THE TENDER ABOVE FOR 30 - DAYS FROM 7/22/2015 AND THE TENDER SHOULD BE SUBMITTED AT THE MAXIMUM DATE OF" THERE HAVE BEEN SOME GREAT ANNOUNCEMENTS FROM CBI BUT NOTHING LIKE ONE... ALL OF IRAQ FINANCIAL INFORMATION THAT WAS TO BE VISIBLE AND OBVIOUSLY AS ATTRACTIVE AS POSSIBLE FOR INVESTMENT DECISIONS BY INTERNATIONAL DECISION MAKERS WAS TO BE DONE THE 22ND OF THIS MONTH -- THEY NEED MORE TIME AND THE MOST THEY WILL TAKE IS 30 DAYS...THAT IS THE OUTSIDE DATE THEY HAVE...ACCORDING TO WHAT THEY STATED IT COULD BE BEFORE. THE INFORMATION THEY INTEND TO HAVE IN ITS ENTIRETY IS NOT DONE -- IT COULD MEAN THAT THE RATES GLOBALLY ARE NOT SET IMO -- LOGICALLY MAKES SENSE TO ME. [So are they giving us a clue as to when they expect to raise their rate here? 8/23rd?] I DON'T KNOW...WOULD BE NICE. 7-22-2015 Newshound Guru Millionday "House of Representatives will reconvene on Saturday..." THIS MEANS THIS COMING SATURDAY FOR FORMAL PARLIAMENT BACK AT WORK. HERE WE ARE AFTER EID -- NEWS SHOULD START CHANGING SOME -- ACTION. THE HCL HAS BEEN LISTED AS ONE THAT WILL BE COMPLETE AFTER EID... [There was something mentioned about the budget and this coming Sunday. Do you have any ink if they will be opening the budget then?] THEY ARE MOVING THE YEARLY MONEY THAT IS BUDGETED FOR THE KURDISTAN REGION IN ITS ENTIRETY --- THE INVESTMENT PART OF THE BUDGET HAS NOT BEEN OPENED YET BUT IMPORTANT LAWS THAT WOULD PROTECT THAT PORTION ETC ARE EXPECTED TO BE ADDRESSED IN PARLIAMENT SATURDAY.
7-22-2015 Newshound Guru Kaperoni Article IV Consultations are the name the annual reviews that take place between the IMF and the Central bank. Once the IMF agrees, and the CBI accepts Article VIII, that is like offering a warranty...it makes Iraq much more attractive to global banks and it makes a clear statement that the CBI is in compliance with the IMF. Banks that are conservative in nature (like Wells Fargo) would only do business with other banks that are VIII compliant. I am not saying they would, but Article VIII is a good start for global commerce with the dinar...without it, they continue to struggle for banking partners. So, the article was techically correct.."the Iraqi market is now open to markets Global directly without restrictions". [post 2 of 2]
7-22-2015 Newshound Guru Kaperoni Once sanctions were lifted on Iraq, and the banking system, Iraq is free to engage with the world. [so the sanctions have been lifted? is that right?] Yes...sanctions are lifted some years ago. But currently they are under Article XIV with the IMF which is technically called "Transitional" So Iraq is free to engage with any financial instution that is "willing" to take the risk. And many do...Especially since the CBI now guarentees funds/payments from it's financial institutions. The bottom line, is as long as the CBI is under Article XIV they will have trouble finding instutions to do business with them. Its just the nature of it. Now, once the CBI has met the conditions of the Article IV Consultations...And have demonstrated that they can function by those conditions...They can ask the IMF to give them the blessing of sorts to move from Article XIV to VIII. [post 1of 2....stay tuned...See the Dinar Guru possible "to do list" in the Resource Bar on the left side of this page]
7-22-2015 Newshound Guru Adam Montana [Now that Ramadan is over, to the best of your knowledge, what do you see happening now as far as Iraqi government is concerned? What areas will they tackle or will it take a couple of weeks to really get down to business?] We're going to have to watch the news and see how it goes. We might be on a fast-track, or we might be looking at a couple months before they get cranking. I'm not going to pretend I know the future. I have high hopes for the next few weeks, which is rare for me, but just the same... I know better than to get too excited before I have some solid news.
7-22-2015 Newshound Guru Kaperoni the recent articles about the 50k, 100k notes are not lower denominations, nor are they talking about raising the value of the dinar at this time. The plan, at this time is "status quo" meaning there is no intent to delete the zeros at this time and the issuance of a 50k and possible 100k are to make the dinar more desirable amongst Iraqi's. The hope is not only to get citizens to use the dinar, but to make it easier to carry in public (at the current exchange rate). Adviser Saleh also states the issuance of these notes will help reduce the physical note count. As for when they will begin to delete of zeros, Magda Tamimi said the deletion of zeros and printing new currency is not convenient at the present time and such a project needs more security stability and should wait until the circumstances improve.
7-22-2015 Intel Guru Mnt Goat I have also talked much in the past about the need to have a secure environment in Iraq. Mosul and Anbar, two very critical areas for ISIS occupation. News from the GOI have told us these are the key areas to getting rid of ISIS from Iraq. This is a requirement prior to any RV. This battle began last Monday 7/13 and now it is over a week in progress. We have heard only good news on the successes of this movement. Also we are now hearing they intend to speed up the process of bringing the former prime minister (now deputy VP) Nori al-Maliki to the ICC (international criminal court) for trial based on genocide and other crimes against humanity. We are also now hearing the are literally just days away from striking a deal on the final HCL law.... This new version will also take care of the Article 140...These are all items I suggested we all should watch...and should be HOT items on our radar. We are getting the necessary security and stability in Iraq now and so leaders of Iraq and seeing an opportunity and are suggesting to the CBI that they now jump on this time to finalize the currency reform process. [post 2 of 2]
7-22-2015 Intel Guru Mnt Goat Article: "PARLIAMENTARY FINANCE SUPPORTS THE ISSUANCE OF NEW CATEGORIES OF CASH TO FACILITATE THE PROCESS OF CARRYING CURRENCY" ...very, very good news...an article from parliament finance that tells us they are supporting an IMMEDIATE ISSUANCE OF THE NEW CATEGORIES OF LOWER DENOMINATIONS that would replace the larger three zero notes. We know that the only way they could do this is also to continue the project to delete the zeroes which means collecting them from us. They are not going to get them from us and they can not issue these lower denoms until they significantly RAISE THE VALUE. With everything happening in Iran as they are coming out of sanctions now, Iraq can not remain in isolation and now we see the pressure building here again and the climate is now right for delete the zeros. [post 1 of 2....stay tuned]
7-22-2015 Newshound Guru Adam Montana We're finally through the tedious...slow...agonizing days (which felt like months or years!) of Ramadan. I'm actually eager to see what comes out of the next meetings of Parliament, IMF, GOI, CBI, and a few others. Some of us have been around long enough that we give the current situation a "wise eye" and some of you are hesitant to get excited... I get that. I'm in the same boat. I am a bit hesitant to get excited when it comes to Iraq, just like many of you. BUT... BUT! Something feels different right now. We're only a few days outside of Ramadan, so I'm not surprised to see that there's a lack of major news, much less an RV. That doesn't mean I am not confident that the IQD will gain value. In fact, I am VERY confident that the IQD will gain value! My overall feeling on the Iraqi Dinar right now is positive, so ...we wait for Ramadan to wrap up and let the Iraqi people get back to work.
7-22-2015 Newshound Guru sczin11 WHAT IS ALL THIS TALK ABOUT OCTOBER? WHO STATED THE CONGRESS RATIFICATION PERIOD OF 60 DAYS, FOR THE IRAN NUCLEAR DEAL, HAS ANYTHING TO DO WITH THE RAISING OF THE VALUE OF THE IRAQI DINAR, WITH ANY DEFINITIVE CERTAINTY? WE DON'T know, WHAT WE DON'T KNOW! PERIOD! HOWEVER, WHAT WE DO KNOW, IS ALOT OF INK, AND ALMOST AS MUCH OFFICIAL INK, THAT CHANGE ...REFORM...MONETARY AND ECONOMICALLY, ARE IN THE PROCESS...THE IRAQI GOVERNMENT CONTINUES TO MAKE STRIDES...
7-22-2015 Intel/Newshound Guru Poppy3 GOT A CALL YESTERDAY TELLING ME THAT ABADI REALLY IS TRYING TO MAKE ALL HAPPEN BUT IS BEING HARASSED AND NOT MAKING THE PROGRESS HE WOULD LIKE. OUR QUESTION IS CAN THEY PULL TOGETHER TO GET THE BUDGET, TARIFFS, PAYING THE PEOPLE AND THE KURDS ALL THEY OWE BY AUG 1ST. IT CAN BE DONE...
7-22-2015 Intel/Newshound Guru tman23 What they have said in the papers before pulling the 50 note...The lower denoms are a prelude to lifting the 3 zeros from the currency... This was the exact wording... AND definition of prelude.....1. an action or event serving as an introduction to something more important... So more important then the new currency notes will be a "rate"... and I threw a dart at the board and it landed on 3.44...lol And the dart did not float towards the board. 7-21-2015 Newshound Guru My Ladies LOOK TO IRAN AND IRAQ WILL HAVE TO MOVE. IRAQ CAN NOT REMAIN IN ISOLATION AND...THE CLIMATE IS RIGHT FOR DELETE THE ZEROS FROM THE VALUE...GOOD TO SEE IN PRINT. THERE IS NOTHING ELSE NEEDED FROM IRAQ AT THIS TIME, WE DO NOT CARE ABOUT LOANS OR LAWS OR ANY OF IT...LET’S KEEP EYES ON IRAQ NOW...WE CAN BE EXCITED AND WE CAN GET READY TO EXHALE. THINGS JUST GOT VERY REAL ...SO LET’S JUST BREATHE AND LET IT COME TO US. [post 2 of 2]
7-21-2015 Newshound Guru My Ladies IRAQ HAS CONCERNS ABOUT IRAN ADVANCING AND THE EFFECTS IT WILL HAVE ON THEIR BANKING SYSTEM, AND THEN TODAY THEY POST THE PROPOSITION TO DROP THE ZEROS AGAIN...TIMING PEOPLE...PERFECT TIMING! I DON’T CARE ABOUT LOANS OR TARIFF’S OR ANYTHING LIKE THAT. TARIFFS HAVE BEEN IN PLACE SINCE THE DAWN OF TIME AND WE KNOW IT, WE WATCHED AN INTERVIEW FOR 26 MIN WITH ZEBARI AND HE TOLD US THAT THEY WILL IMPLEMENT ALL THE BORDER CROSSING TARIFFS AS THEY BECOME SAFE AND EXPECTED TO BE DONE WITH ALL. [post 1 of 2....stay tuned]
7-21-2015 Newshound Guru sczin11 [is it your belief of a rate change to benefit the investment portion of the budget?] I CAN NOT FATHOM ANY OTHER EXPLANATION WHY NOTHING HAS BEEN RELEASED BY THE CBI FOR THAT PORTION OF THE BUDGET, YET OPERATIONAL SIDE HAS HAD PARTIAL RELEASES OF FUNDS.
7-21-2015 Newshound Guru My Ladies EVERYTHING IS FALLING IN PLACE...THE NEWS TODAY IS REMARKABLE, WE CAN SEE THE WHOLE NEW BANKING SYSTEM GETTING CLEARER AND CLEARER. ALL THE MIDDLE EAST WILL MOVE IN THE SHORT TERM JUST WATCH THE PROGRESS IT IS AMAZING. NOW WE CAN LOOK TO IRAQ A LITTLE CLOSER BECAUSE THEY WILL BE THE FIRST TO MOVE I THINK RIGHT BEHIND IRAN. THE CONNECTION OF IRAQ AND IRAN IS A POWERFUL ONE IN THE MONETARY SENSE, THEY HAVE SAID THIS THEIR SELVES. THERE ARE MANY PROJECTS ON THEIR BORDERS... THEY ARE TELLING US THEY NEED TO KEEP UP WITH IRAN OR BE LOST.
7-21-2015 Newshound/Intel Guru BGG [IF THE TARIFFS GO AS PLANNED WOULD THEIR BE SOME KIND OF AN ADJUSTMENT TO THE RATE AND GO INTERNATIONAL, AREN'T TARIFFS MEAN INTERNATIONAL?] tariffs don't automatically mean international... they could implement the tariffs - leave their currency and let the people fend for themselves - it would be stupid – but they could try it... in spite of their own advisers...lack of value + tariffs = hard times for the people.
7-21-2015 Newshound/Intel Guru BGG [What chance do we have in seeing tariffs on August 1st?] worst case - the not-so-good side, they tread water for a little while, personally - I don't see how that works, but there may be that slim possibility...they will either add value (buying power) to their currency (which has obviously been the plan - on some level) and fully implement the tariff protocols... or they will delay...their own economists have PLAINLY warned them about tariffs with no value - it would be hard on the average citizen.
7-21-2015 Newshound Guru tlm724 Article quote: "Naim Khudair, director general of the Anti-Money Laundering Office at the Central Bank of Iraq, said the government had pledged to pass new legislation for anti-money laundering and terrorism financing by October 2015" thats right from the CBI, by October! Article quote: "The new law will facilitate the entry of big companies into Iraq and increase their confidence in the country's economic environment..." Central Bank Governor Ali Al Allaq said the new law would help reassure foreign investors.
7-21-2015 Newshound Guru Kaperoni [but Kap you stated / said within a few years we will see a 1 to $1 rate, so your saying not till 2017?] ...again, if you believe what the CBI publishes as a timeframe, then yes. You all must understand the appreciation of the dinar is part of the process. Therefore, when you see the other pieces fall into place, you will know the dinar will rise. I think many economists in Iraq, including Dr Bakri have also said the experts think about "long term" meaning they want to do this right, and not create a situation where the dinar could or would collapses. The dinar clearly can appreciate fast if investors come in...And if it does, it will be great. But it will be directly tied to the economy so it cannot fail! The CBI will never just arbitrary create an exchange rate (RV) without sound principles to support it. Investment and exchange rate are directly related. [post 2 of 2]
7-21-2015 Newshound Guru Kaperoni If the CBI loan program works, it should help expedite employment and create some stability which hopefully will perpetuate the process which will begin to create inflationary pressure for the CBI... Like a snowball rolling downhill. But really, this all comes back to the same problem... Parliament needs to pass laws to create the environment...the CBI official made a very clear statement...That early 2017 they would release category 50, 100 and 200. The dinar exchange rate has to be appropriate for those valued notes...They did not mention anything lower...So we can make a very educated "guess" as to the rate at that time. I do not think there is anyway to tell when the dinar will start to appreciate unless you can see growth, investment in the market economy. Everything else is speculation as to timing... Which means IMO, that the dinar must appreciate between now and then (2017) to at least a penny or dime...And to be honest, that is pretty substantial. [post 1 of 2....stay tuned]
7-20-2015 Newshound/Intel Guru BGG ...there are NUMEROUS - REGULAR - DETAILED articles, reports and comments by very powerful figures in Iraq about Monetary policy and Monetary Reform - ALMOST EVERY DAY...either something is happening - or the Iraqi people are going to be one very unhappy bunch! What? How much? When? What will it look like? What about the exchange mechanism? Who knows? BUT - something is PLAINLY UP...
7-20-2015 Newshound Guru My Ladies THERE IS NO DOUBT IN MY MIND AT LEAST THAT THE DINAR WILL TRADE GLOBALLY. IN WHAT TIME IS THE ONLY QUESTION.
7-20-2015 Newshound Guru sczin11 Article qutoe: "Financial distress affect the investment budget for the ministries and cut off the livelihood of more than four million Iraqis" CONFIRMATION 2 SIDES OF THE BUDGET... INVESTMENT SIDE NOT FUNDED. WHAT WE SEE HERE, IS SPECIFIC REFERENCE TO THE INVESTMENT SIDE OF THE BUDGET, AND DIRECT REPORTING THAT THE CBI HAS NOT FUNDED IT...CLEARLY SOME IN COUNTRY SALARIES HAVE BEEN PAID, AND THAT WOULD BE IN DINARS... REMEMBER, THE DINAR IS THE DINAR...A CHANGE IN VALUE WOULD HAVE NO BEARING WITHIN THE COUNTRY...SHORT TERM IMMEDIATE LOANS WOULD CERTAINLY HELP WITH CASH FLOW, IN ORDER TO GET SOME OF THE PROJECTS CONTRACTED FOR, GOING....BUT, THEY CERTAINLY WOULD NOT SOLVE THE PROBLEM LONG TERM... IT WOULD SEEM, THEY ARE WAITING FOR A CHANGE IN VALUE OF THE EXCHANGE RATE, IN ORDER TO MAXIMIZE THE RETURN ON THE ALLOCATED FUNDS FOR THE INVESTMENT SIDE OF THE BUDGET... OTHERWISE, WHY NOT TAKE A BEATING, AND USE THE FUNDS SET ASIDE FOR THE BUDGET NOW?
7-20-2015 Newshound Guru Kaperoni [but you said--- I would guess at least 2-4 years before the CBI would be in compliance for the blessing from the IMF to move to VIII (reference Guru Kaperoni's post 7-19-15).] the faster the investment comes into Iraq, and capital flows through the CBI's Capital Account, the more aggressively the CBI would have to manage the rate. [Where is all the influx of foreign currency coming from?] Iraq has signed well over 200 (maybe even higher) investment contracts with other countries for investment in many areas including agriculture, manufacturing, tourism, etc. It will come when the situation is appropriate...And the capital will flow like no other has ever seen before once it starts. And we should all hope for that because that "is" what will raise the value of the dinar. [post 2 of 2]
7-20-2015 Newshound Guru Kaperoni [Are we still floating?] Well, I can assure you the CBI will not randomly assign a new rate...And the rate will be based on the activation of the market economy and growth of that economy. Can it go up fast? Sure it can...And some experts in and out of Iraq expect it to do so because it is..in their words.."grossly undervalued". [when inflation hits how do you see them dealing with that issue at 1166 or pennies on the iqd?] the monetary tool for controlling inflation is raising the value of the currency. That is why the dinar is being held at 1166. I really cannot tell you how fast it would rise. It is really a direct result of the investment in Iraq. [post 1 of 2....stay tuned
7-20-2015 Newshound Guru My Ladies [Is it possible that Iran and Iraq have found a way to conduct trade with one another that circumvents Iraq's imposed program rate?] IRAN AND IRAQ HAVE BEEN TRADING FOR YEARS ALREADY. BUT I THINK IRAQ HAS TO REACT FOR MANY REASONS. SHARING A BORDER AS LONG AS THEY DO WITH IRAQ AND BEING OPEN FOR INVESTORS WITH LITTLE HEADACHES I THINK MANY OIL COMPANIES ESPECIALLY THOSE THAT HAVE NOT RECEIVED PAYMENT SINCE 2012-2013 WILL FIND IT EASIER TO SET UP SHOP IN IRAN. AND THE PORTS THEY ARE GOING TO BE SHARING IS ANOTHER REASON. I THINK WE ARE ABOUT TO SEE STABILITY IN IRAQ PDG AND I THINK IRAN EMERGING WILL BE THE PUSH THE ENTIRE MIDDLE EAST NEEDS TO COME TO THE MARKET.
7-20-2015 Newshound Guru Kaperoni I can get as excited as anyone, but with this event heavily dependent on the passing of laws the create the investment environment (which is directly related to the rate of the dinar), i have less faith that parliament will get the job done. They do very little. It is truly sad...over 150 laws have been read twice. When you read from various clerics, or officials that Iraq should not take a loan, its not because of the debt, its because they don't want the terms (stand by agreements) that come with them. Stand by Agreements are the only real way to make Iraq get the steps done the world is waiting on. So in reality, we want Iraq to take these loans from the IMF and World Bank.
7-20-2015 Newshound Guru Chattels Unless and until there is greater control of the Syrian border, I doubt that the tariffs can / will be implemented. We shall see. Could such control be accomplished by the 1st? Possible, but unlikely, IMO.
7-20-2015 Newshound Guru Millionday THE OIL LAW IS HUGE IN A COUNTRY PRODUCING OIL AT THE LEVEL THEY DO IN IRAQ BUT -- TO SAY THE MONETARY POLICY CANT MOVE FORWARD BEFORE THE HCL IS DONE OR AFTER IS INFORMATION NO ONE HAS -- AT THIS POINT THEY HAVE THE 2011 -- SO IT MAY EVEN BE RELIANT ON ISSUES RESOLVED IN THE OIL AGREEMENT -- TO KNOW WHICH IS TO BE ACTIVATED FIRST CANT BE DONE BUT -- THEY ANNOUNCED THEY WOULD USE THE OIL AGREEMENT WHILE THEY FINISH THE HCL -- THAT WAS INTERESTING TO ME TO STATE. [no hcl no rv correct?] NO NOT CORRECT...THE HCL DOES NOT DEFINE IF THE MONETARY POLICY IS RELEASED OR NOT -- THE PLAN ITSELF WILL DO THAT -- MEANING THE PLAN FOR REFORMS. 7-19-2015 Intel Guru Mnt Goat Iraq still has plans to fully implement their tariff law come August 1st. We can see the billions of annual lost revenue from not having these tariffs in place as they planned to do years ago. They keep postponing this implementation. Why? It’s because they need a realistic rate and just a rate of the Iraqi dinar on the global currency exchanges in order for these tariffs to work. We can also see this past week they need more security in this area to protect the trade routes and harbors. Iraq has a liquidity problem? Iraq is in a financial crisis? Iraq has devaluing with regards to the dollar? Could this all be caused by not having a realistic currency rate and being traded globally? So what is the holdup? So when will this all end and they finally get Article 8 of the sanctions lifted thus having back their currency? Can you see it is more than time to do this. This next couple weeks should be very exciting! I believe we might be heading for a window of opportunity for an RV in these coming weeks.
7-19-2015 Newshound/Intel Guru BGG ...they are talking about currency reform...literally EVERY DAY... it is breath taking...this tells you - pretty much what they think.
7-19-2015 Newshound Guru Kaperoni ...they on the right track now. I am hopeful that within a few years we will see a 1 to $1 rate. These articles can be exciting when they talk about change...but Iraq does nothing fast. I would guess at least 2-4 years before the CBI would be in compliance for the blessing from the IMF to move to VIII. Keep in mind, Article VIII really means nothing to us and as Dr. Bakri insinuated...currency reform will come before Article VIII. That is why I have always said, those who tell you your going to walk into a bank and exchange are FOS because if the reform happens before Article VIII, it is unlikely conventional means of exchange will work since most financial institutions don't deal in dinar under Article XIV. we just need to wait and see and find some legit businesses once the dinar begins to rise since I am certain most banks will avoid it especially if they are still in Article XIV. One thing for sure, lots of positive talk about the dinar, the banking system of late. It can only bring attention to it at the CBI.
7-19-2015 Newshound Guru Millionday [WITH THE VALUE OF THE OIL AND THE OTHER COMMODITIES, HOW CAN THEY HAVE A LOW VALUE WHEN THE ENTIRE WORLD KNOWS THE VALUE AT CURRENT IS SIGNIFICANTLY UNDERVALUED, WOULD THE IMF ALLOW THAT TO HAPPEN?] I DONT SEE THE COUNTRY OPENING UP TO THE WORLD MARKET WITHOUT TARIFF AND CUSTOMS ACTIVATED --- I WOULD SAY IT IS HUGE TO CALCULATE THE DINAR FOR IRAQ TO COME OUT IN VALUE AND CONFIDENCE TO THE WORLD -- I WOULD THINK THAT MANY WOULD NOT ALLOW IT NOT TO BE DONE --- WTO--WORLD MARKETS--SHARE HOLDERS-IMF--WORLD BANK--THE ISLAMIC BUSINESS COUNCILS -- ETC ETC.
7-19-2015 Newshound Guru Kaperoni ... there is a reason the dinar is being held low and pegged right now...Iraq has no market economy and to create one, creates alot of pressure on the financial system...especially one that has the potential as Iraq does...once the laws are passed and stability sets in, the pressure caused by the influx of investment and investors will be huge...keeping the dinar weak now, gives the CBI lots of room to grow to counter the pressure. Well, many experts do think the dinar is undervalued, some say "grossly". But like so many economists have said, the exchange rate is directly related to the productivity of a country...So we have to wait for that productivity and the dinar will rise! Lots of upside. 7-18-2015 Newshound Guru wmawhite When Iraq started this journey...the journey of rebuilding their country from the ground up...it has never been about us. Instead, it has always been about Iraq and the people of Iraq. We are fortunate to be invested in a company that we call the country of Iraq. And as the PM Abadi told the world, Iraq will join them upon the world's economic stage very soon.
7-18-2015 Intel/Newshound Guru tman23 ask yourself...At the time the Abadi government took over they were well aware of a lack of funds in the GOI treasury... If we suspected the treasury was broke, you can bet the house they (the new GOI knew it). It is not as if the new GOI was imported from Japan, the whole "reseating" was a game of musical chairs...same players who knew the financial state of Iraq.... So why did Jabouri question Ismail over lifting the 3 zeros in November....And then the 2015 Budget set with oil being $56 per barrel...WE knew the numbers did not add up and posed a 40% deficit. If we knew it, they sure as he** knew it too! That said; the Kurds had to know darn well that 17% of the budget was impossible for Baghdad to meet...WE KNEW IT! So then late January Abadi promises raises to the citizens, back pay with raises retro -active back to January 2014...Abadi asked citizens to be patient until June... Just what was Abadi expecting? Where was this wild $$$ coming from?
7-18-2015 Newshound Guru wmawhite ...just as in any country,..the currency count must be controlled in order to maintain the value and integrity of it. And as they have indicated, the value MUST change. therefore, the control of the currency must be in place. [ just still seems like CBI is worried about closing the gap of the market rate and the actual rate then increasing the value of the Dinar.] those are two different issues - One is a in country issue that is temporary. The other is an international issue which will be the international exchange rate.
7-18-2015 Newshound Guru sczin11 FYI... EID ENDS SUNDAY FOR SOME, MONDAY FOR OTHERS...PARLIAMENT HAS NOT ANNOUNCED WHEN THEY RESUME...COULD B MONDAY WEDNESDAY OR THURSDAY...WE WAIT.
7-18-2015 Newshound wmawhite If you signed a contract with Iraq today do you really care what the exchange rate is? I wouldn't. All I care about is that Iraq pays my contract on the first of the month every month for whatever the contract is worth in USD...I would not care what the value of the IQD is or was. However... however...however... Iraq cares what the value of their currency is IF they start paying foreign remittances in IQD...now they would care.
7-18-2015 Newshound Guru tlm724 Article: "O.d.abdalhasin Anbuge *: Iraqi dinar exchange rate..." Quote: "The exchange rate of the basic economic variables that change per day continuously in response to the forces of currency supply and demand." This is a good article in so far as laying out the current status of the Iraqi economy...It basically states that Iraq has a ways to go according to the author in so far as setting the stage for conditions that will support the dinar and any value that we hope to see. Their currency can and will reflect the true wealth of Iraq. We cannot expect overnight success with so much on their plate at once. They will show us the true value of the dinar WHEN it reflects the supply and demand. In order to have demand their must be an economic plan that will create the demand. Iraq has asked for help and they are receiving it. The World Bank is there, right now! The US Treasury is there, right now! The United Nations is there right now! All with a common goal in mind. To help Iraq SUCCEED! When they succeed we succeed!
7-18-2015 Newshound Guru Millionday [what is eid?] EID IS THE HOLIDAY THAT IS THE END OF RAMADAN -- IT RUNS TO THE 20TH AND IN SOME AREAS TO THE 21ST. IRAQ HAS STATED THAT SO MUCH IS HAPPENING AT THE END IT IS HUGE MOVEMENT IF THEY GO FORWARD WITH THE HUGE LIST THAT WOULD INCLUDE DUE TO THE WAY IT ALL FITS TOGETHER -- IT INCLUDES AMONG OTHER THINGS THE IMPORTANT LAWS -- THE TARIFF AND CUSTOMS - THE REFORMS -- THE INVESTMENT LAWS -- BANKING -- BONDS -- CONTRACTS ETC. ETC. 7-17-2015 Newshound Guru tlm724 Article: "The United Nations stands ready to play a mediating role between Baghdad and Erbil!" having the UN intervene is a good thing! I don't believe this can resolved without this intervention! That said, having the World Bank involved in the economic reform and the UN involved in the oil agreement is a needed *slap* for Iraq because they obviously can't do it on their own!
7-17-2015 Newshound Guru tlm724 Article: "Parliamentary Energy: There forthcoming meeting of the Ministers of oil and finance to the governments in Baghdad and Erbil" Commission on oil and energy parliamentary confirmed that there is forthcoming meeting between the ministers of oil and finance to the governments in Baghdad and Erbil to discuss the repercussions of the oil dispute and to address the obstacles that finally got. *hallelujah* lets do this thing once and for all! [See possible to do list in the Dinar Guru Resource Bar on the left of this page....]
7-17-2015 Newshound/Intel Guru BGG This is / has been / will be... an investment. NOT A GUARANTEED TICKET, not a bail-out, not a "show-me-where-to-push" so I can get rich button. It is, by many economists reporting - a grossly under-valued currency on the verge of "repositioning". A currency - an investment...
7-17-2015 Newshound Guru Stryker Abdalhasin Anbuge...Counselor for Economic Affairs-prime minister QUOTE "there is no benefit of the Iraqi economy to uphold at the official current exchange rate set by the Central Bank (US $ 1 = 1166 Dinar) We must move to a higher level reduces the negative effects of hyperbole price of the dinar exchange and creates positive effects". Dr. Abdul Basit Turki...Former Governor Central Bank of Iraq. QUOTE "the fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors". Mohammed Saleh...Former Deputy Governor CBI and Adviser to PM Abadi. QUOTE "need to unify the exchange rate between the central bank and the price that deals with people in the market, and make it pricier one actually commensurate with the oil and economic conditions austerity sale and the defense of this price volatility price." three of top economic advisers support moving the exchange rate higher to conform with today's circumstances...all three man believe it is time to increase the exchange rate of the Iraqi dinar.
7-17-2015 Newshound Guru tlm724 Article: "Border crossings director for} {Euphrates News: We seek to trade diversion of Trebil to Arar" Quote: "The Directorate proposed trade diversion from Atrebel border port between Iraq and Jordan to Arar border port and be Hama port for Saudi Arabia through the approval of the General Secretariat of the Council of Ministers." they are finally figuring this out, change the border crossing as we saw them do the other day in order to gain control...then open them back up once they have control of the area, they'll have to do this quickly if they expect tariffs to be implemented in August.
7-17-2015 Newshound Guru wmawhite [I heard that when they close their borders is a positive sign.] I have never understood what the closing of the boarders would have to do with the IQD changing in value "outside" of Iraq...it never made any sense to me. [I heard it was from when they revalued their currency years ago...they prevented people from coming in to country to exchange... their was just a few days to do it in.] This is why I don't get that reasoning...inside Iraq the 1 IQD will equal 1 IQD...regardless what the exchange rate will be out of Iraq. If you took your IQD today and went to Iraq you would receive 1 IQD for every 1 IQD you have...and even after the IQD changes in value...you will receive 1 IQD for every 1 IQD you have...and yes...it will have more value outside of Iraq...and that is important OUTSIDE of Iraq...
7-17-2015 Newshound/Intel Guru BGG The IMF, WB and others are ready willing and able to help... but it is becoming increasingly clear all the "good intentions" they can muster won't be enough. Abadi (and others) must come to the table with real reforms. The good news. It appears - they are working diligently on such reforms. Both internally and with external help (the Iran deal). the next few days and whether or not Maliki actually resigns will be a very exciting time - in relation to this investment (directly)... I have been plain in my opinions - Maliki (former PM) has held some sway over monetary policy (from behind the scenes) - it is an easy case to make. His usefulness to Iran and the world, for that matter wanes. Once his is out of the way, I expect things to fall (or be put) into place quickly. Reportedly - this may be afoot as we speak...
7-17-2015 Newshound Gurus OOTW & sczin11 IF THEY ARE CLOSING THOSE BORDERS, THEN GUESS WHAT? THEY CAN IMPOSE TARIFFS ACROSS ALL BORDERS...THAT ARE OPEN! OBVIOUSLY THE POVERTY STRICKEN COUNTRY, CANT AFFORD THE GOODS NOW, THEY CERTAINLY WONT BE ABLE TO AFFORD THEM WITH HIGHER COSTS...HOWEVER, WITH AN INCREASED PURCHASING POWER, AND THE LAUNCHING OF THE PRIVATE SECTOR...WELL ... [post 2 of 2]
7-17-2015 Newshound Gurus OOTW & sczin11 THE BORDER'S ARE OBVIOUSLY NOT SAFE WITH THE RELEASE OF "BORDER CONTROL" ANNOUNCEMENTS... IN ACTUALLY ALL THE TRADE WAS DIVERTED TO THE KUWAITI PORT IN BASRA WHICH WE NOW SEE IS GOING TO BE OPEN 24 HOURS PER DAY...WITH THE BANKS OPEN AS WELL TO COLLECT - WHAT BANKS DO AT A BORDER...THEY ARE THERE TO COLLECT TAXES...SO LOOK AT THE TIMING HERE... THEY'RE RECONFIRMING THAT THE TARIFFS WILL GO INTO EFFECT AUG 1 2015..."ACROSS ALL BORDERS". [post 1 of 2....stay tuned]
7-17-2015 Newshound Guru Adam Montana [Do you have an opinion you would like to express whether or not the Iran nuke deal is good, bad or indifferent to an RV and why?] I don't know all the specifics on it, so I can't speak with any authority... but if history is any indicator, it's not good and I don't like it. What does it have to do with an RV? I'm sure it will have some kind of impact at some point in the future, but probably not until after an RV is already done, which means it won't be a major factor in the actual event.
7-17-2015 Intel Guru Frank26 [Turki last week...now this economic counselor to Abadi this week. Only thing missing is the date! "there is no benefit of the Iraqi economy to uphold at the official current exchange rate set by the Central Bank (US $ 1 = 1166 Dinar ) We must move to a higher level reduces the negative effects of hyperbole price of the dinar exchange and creates positive effects"] He is a COUNSELOR...Not a puny ADVISOR. OHHHHHHHHH SOOOOOOOOOOOO SCRUMPTIOUS!!! 7-16-2015 Newshound Guru Millionday ACCORDING TO WHAT WE SEE -- MALIKI IS GOING TO -- INTERNATIONAL COURT. [when is he going to the International Court?] IT DOESN'T SAY -- JUST THAT HIS MEN ARE BEING BROUGHT BACK ALSO AND HE WILL STAND COURT. [Take Maliki out of the picture; what is your overall opinion of the political stability & the fight on terrorism in Iraq?] I THINK THAT HUGE PROGRESS HAS BEEN MADE AND OF COURSE IT WILL CONTINUE -- HOWEVER -- THE REPORTS OF PROGRESS SHOW CONFIDENCE IN THE COUNTRY AND ITS SECURITY PROGRESSION --THE GOV SEEMS MORE SECURE ACCORDING TO REPORTS THAN EVER IN HISTORY.
7-16-2015 Newshound/Intel Guru BGG Iran isn't associated as a trade partner with Iraq. They have been using Iraq as a proxy "valve" to mitigate sanctions. FACT. ...now that they don't need to choke Iraq off - they won't. [No longer need Maliki.] he should cut a deal now - they are close. Wait til he gets a load of Iran throwing him to the wolves too.. I think the next few says [days?] are going to be very interesting
7-16-2015 Newshound Guru Kaperoni Article: "O.d.abdalhasin Anbuge *: Iraqi dinar exchange rate ... hole swallows foreign exchange reserves" Anbuge is calling for the CBI to start reforms which he clearly refers to floating the dinar.
7-16-2015 Newshound Guru Aggiedad77 Article: "A proposal for the establishment of micro-finance fund" 100 billion dinars...yep you heard that right...100 billion dinars to fund what they are calling "micro-enterprises"...small business loans...sounds like they are wanting to get serious about jump starting their private business entities...this is good for their economy...good for the Iraqi business owners...good for start up ventures...good for the MR...what else can I say about it...good for us too...oh Happy Days...here we go...
7-16-2015 Newshound Guru Millionday [How do you think Iran's situation figures into Iraq if at all?] IT IMPACTS IRAQ IN HUGE WAYS WITH THE MINING - BANKING - OIL AND THE TRADE AGREEMENTS THAT THEY HAVE - THE FROZEN FUNDS DUE TO SANCTIONS BEING RELEASED IS HUGE FOR IRAN AND IRAQ DUE TO THEIR HISTORY.
7-16-2015 Newshound Guru Adam Montana [Hows the situation with ISIS there right now? Can they still RV despite the many hectic situations over there?] ISIS will be an issue until they are eradicated, which will never happen completely. Regardless... ISIS is not enough of an issue to stop Iraq from manipulating their currency.
7-16-2015 Intel/Newshound Guru Poppy3 [Millionday: NOTE -- HUGE PROGRESS IN THE WAR AGAINST TERRORISM AND THE OPERATIONS THAT HAVE BEEN GOING ON AGAINST THEM FOR THE LAST FOUR DAYS TO FREE CITIES IN IRAQ.] I REPORTED 4 DAYS AGO FROM OUR MILITARY THAT ISIS AND DASSH IN ANBAR AND MOSUL WHERE RETREATING AND HIDING AS IRAQ TROOPS TRAINED AND BEING DIRECTED BY OUR MILITARY LEADERS WHERE DRIVING THE NEW ATTACKS AGAINST THEM. ...WE READ IN MILLIONDAY NEWS THAT IS EXACTLY WHAT HAS BEEN AND IS HAPPENING. GREAT CONFIRMATION.
7-16-2015 Newshound Guru OOTW RIGHT NOW, THEY KURDS (RIGHTFULLY SO) ARE FLEXING THEIR MUSCLE AGAIN TRYING TO GET THE OIL AND GAS DEAL PASSED SO THEY CAN OFFICIALLY DISTRIBUTE WEALTH. THEY'RE GOING TO DO THEIR BEST TO FALL TO EVERY LAW THEY CAN TO SUPPORT THEM. ALSO THEY'RE QUITE UPSET WITH THE FACT THAT THE FEDERAL COURT ACT HASN'T PASSED AND THEY ARE NOT HAPPY THAT MASSUM (PRESIDENT OF IRAQ) HAS TURNED OVER AUTHORITY TO JOBOUR (PRESIDENT OF PARLIAMENT) TO PASS LAWS. AT THIS POINT, I'M HOLDING WITH WHAT MASSUM HAS SAID HE'S GOING TO GIVE JOBOURI THE POWER TO GET THE LAWS PASSED AS HE SEES FIT. 7-15-2015 Newshound Guru Aggiedad77 Article: "Parliamentary oil: the coming weeks will witness a new agreement between the center and the region" The Oil and Gas Committee within Parliament is saying that within weeks we might expect to see a new agreement between Baghdad and Erbil...we've heard hints of a new agreement...rumors of such...probably the biggest bit of news about this would be allowing the Kurds to sell their own oil...what a major shift that would be...a major win for the Kurds but a setback for Baghdad it would seem...OR... could this be hints at some eye-opening resolution to the HCL...would that not put a feather in a few caps.
7-15-2015 Newshound Guru Millionday LETS LOOK AT HOW IRAN DEAL IMPACTS ON IRAQ... IRAN NEEDS TO ACTIVATE BANKS IN IRAQ... AS I HAVE BEEN SAYING -- EVERYTHING WORKS TOGETHER -- THIS APPLIES ALSO TO THE BIG PICTURE FOR GLOBAL TRADE AND THE IMPACTING POLICIES... THIS AGREEMENT IS HUGE. [if Iraqs close ties to Iran was holding the rv back do you feel this may speed it up or no connection?] THEY CERTAINLY HAVE A CONNECTION -- NO DOUBT AT ALL -- HUGE AGREEMENTS -- HISTORY -- OIL -- THE BANKING ROLES WITH IRANIAN BANKS IN THE REGION -- THIS IMPACTS THE BANKING REFORM AND THE MUCH NEEDED INTERNATIONAL BANKING ACTIVATION THEY ARE ANNOUNCING ETC.
7-15-2015 Newshound Guru Adam Montana [Does the country of Iraq have adequate funds to cover an RV of a substantial size?] Sure they do. They don't have to pay in cash immediately, just like our banks don't carry enough cash on hand to cover all of their deposits. The banking world is a magical place where the value of money is exactly what they say it is.
7-15-2015 Newshound Guru sczin11 HERE IS THE ONE AND ONLY FACT ABOUT THE IRAQI DINAR WE HOLD...AT THE PRESENT TIME IT IS THE REAL CURRENCY, CURRENTLY USED, BY A COUNTRY AND NO ONE, NOT EVEN FORMER PM MALIKI, CAN ARGUE THAT FACT. THERE HAS BEEN NO MENTION OF REPLACING THE OLD CURRENCY, AND MAKING IT VOID...LIKE THE OLD FIFTY NOTES.
7-15-2015 Intel Guru Delta [The 2 lower denoms...are you feeling good that we’ll see them in the month of July?] We believe sooner than many are thinking. We all know that the CBI is going to be putting up 1 Trillion to the banks in Iraq … loans for the citizens. The CBI will not give 1 Trillion dinar...they will first increase the value. Very high possibility that we’ll see something come out about the lower denoms.
7-15-2015 Newshound Guru Adam Montana ...it is ALMOST the end of Ramadan...I'm excited to see this train start chugging along again! Although we've had a bit of a lull, Iraq has proven to me in this year alone that they are "in it to win it", and I have a feeling that the lull was intentional. They most likely knew that any significant progress on the HCL immediately before Ramadan would only put a strain on them that they could not handle during Ramadan. Ramadan is what it is. And what it is, is almost over! Now we find ourselves in a little SNAFU over the timing of it. Ramadan officially ends on the evening (our morning) of Friday July 17. The official workweek for Iraq is Sunday to Thursday... so Ramadan is ending on the start of the weekend. With that in mind, I don't expect anything on Friday or Saturday, but I am very anxious to see what starts rolling out on Sunday. So on that note, I'll simply say...GOOOOO HCL and GO RV!
7-15-2015 Newshound Guru Enorrste ...the removal of the three zeros is separate from the initiation of the float. We all know that the removal of the large notes cannot take place in the near term because the value of the dinar is too low. Only after the initiation of the float and a rise in the value will the removal of the large notes come into play.
7-15-2015 Newshound/Intel Gurus My Ladies & Nova "...the nuclear-related economic and financial restrictions imposed by the United States and the EU targeting the Iranian banking, financial, oil, gas, petrochemical, trade, insurance and transport sectors will be annulled...the UN Security Council...will adopt a resolution in seven to 10 days making the JCPOA an official document." AGAIN AND AGAIN WE MAKE CONNECTIONS WITH IRAQ AND IRAN AND MORE AND MORE I’M THINKING THIS IS THE STABILITY IRAQ HAS BEEN SPEAKING OF, ESPECIALLY AFTER LEARNING THEY HAVE BEEN PUSHING FOR THIS DEAL FOR YEARS. I THINK WE COULD STILL BE IN THE JULY WINDOW! YA THINK? IRAQ IS ALREADY FREE OF THE UN. IRAN IS ABOUT TO BE! WE DONT KNOW WHAT CURRENCY NEEDS TO GO FIRST OR IF THEY NEED TO GO AT THE SAME TIME. SO THINGS CAN START CHANGING AT ANY MOMENT FOR IRAQ.
7-15-2015 Newshound Guru Millionday Article quote: "President of the National Business Council, the Iraqi David Abdul Zayer stressed the need for simplification of procedures Government relating to the reality of investment..." THE PRES OF IRAQ`S BUSINESS COUNCIL IS ASKING THAT THE PROCEDURES BE AS SIMPLE AS POSSIBLE FOR INVESTORS...ALSO ASKING FOR THE DATA ENTRY SYSTEM TO BE LAUNCHED SO THEY CAN INTERACT AS EXPECTED WITH INTERNATIONAL INVESTORS. THIS CHANGE TO A DATA SYSTEM THAT IS AT THE CITIZEN LEVEL CREATES A POSITIVE ATMOSPHERE --AND THE GROWTH OF THE IRAQI ECONOMY. THIS IS WHAT IS NEEDED TO PUSH IRAQ TO REFORMS AND WILL ALLOW TRACKING FOR THE ISSUE OF TAXATION --CUSTOMS--INSURANCE -- THIS WILL ALSO MAKE IRAQ ONE OF THE GLOBALLY TRADING COUNTRIES.
7-15-2015 Intel Guru Delta The credit rating of Iraq has NOT been announced yet. Probably nothing will happen this week...but as soon as everyone comes back from holiday (EID)...that’s what we’re watching. We’re also watching the loans given to Iraq from the World Bank. The bonds are probably going to be issued by the end of this month...we’re just waiting for the credit rating. They have to be Article 8 compliant...currency internationally traded...remember the list of nations that are issuing bonds... Iraq is on that list. A lot of good news is coming out of Iraq.
7-15-2015 Newshound Guru My Ladies I THINK THE NEWS TODAY IS UNBELIEVABLE...AND NOW WE CAN SEE IRAQ AND IRAN ALL TIED UP TOGETHER. IRAQ AND IRAN WILL MOVE TOGETHER FROM THIS DAY GOING FORWARD! AND THEY ARE EXCITED TO DO IT! SECURITY AND STABILITY!!! THE SECURITY AND STABILITY THAT THIS DEAL IS GOING TO PROVIDE FOR THE ENTIRE MIDDLE EAST!! I BET YOU THIS RIGHT HERE IS THE SECURITY IRAQ HAS BEEN WAITING ON!! 7-14-2015 Intel Guru Delta As far as security...in the next 24-48 hours...you’ll hear some very good news...Iraqi army is defeating ISIS / DAASH...which may happen before EID. We are expecting something big to happen in July based on CBI articles. 50/50 chance...maybe the CBI will pull the trigger. They might do it...they might not. But either way we are very close....they are telling the citizens that they are going to get paid. Everyone knows that they have a target date. They will give them power of purchase. They are doing this for the people inside of Iraq. They are telling them that the IQD is about to be 1 to 1 with the US Dollar. ...the taxes/tariffs must go together. This can’t work without it! Mathematically it doesn’t work if they don’t increase the value.
7-14-2015 Newshound/Intel Guru BGG [News sure looks good.] last couple of days really looks good. I am encouraged by the broad base of foreward movement right now.
7-14-2015 Intel Guru Mnt Goat Are we going to see an RV this week? I can say we are heading for an excellent window for an RV soon...since there is now evidence that is telling us the USA and the UN are happy with the progress in Iraq. Folks there is nothing more for Iraq to do as far as the banking laws or other international issues to setup for this RV trigger. It is now just a matter of dealing with the ISIS and DAASH situation and the roots of anyone who instigated it and can influence the politics of Iraq in the future that may cause a repetition of these security breaches in the future. I can assure you, until there is the needed physical security and political stability in Iraq there will be no currency revaluation.
7-14-2015 Newshound Guru Enorrste There is an external viewpoint and there is an internal viewpoint. Within our own country we do not see any changes in the dollar on the short term, in spite of the fact that its value is moving up and down all the time internationally. The same is true in Iraq. I also agree that the value of the dinar is reflective of the "state of the economy" in Iraq. However, the economy in Iraq includes the reserves held by the CBI which, relative to its money supply, is the largest in the world. Therefore, while the "economy" itself is not flourishing, yet, the "state of the economy" as a whole is on solid ground. It is for this reason primarily that the dinar will rise in value rather than fall if allowed to do so. Turki and others (especially Saleh) have stated this as well. I believe Allaq has also stated this several times.
7-14-2015 Newshound/Intel Guru BGG Article quote: "Abadi's office confirms that Iran's nuclear agreement will reflect positively on the stability of Iraq" Well there you have it...I guess Iran's deal does have something to do with Iraq.
7-14-2015 Newshound Guru sczin11 ECONOMIC NEWS BANKING AND INVESTMENT RELEASE MILITARY NEWS: WORLD BANK, IMF...BORDER WITH KUWAIT AND IRANIAN AIR SPACE OPENED... CAN YOU SAY OPEN MARKET...? INTERNATIONAL TRADE...BANKS AT THE BORDERS FOR WHAT? CUSTOM AND TARIFF COLLECTIONS! [how long til a rate change?] SOON. [ARTICLE] TODAY SAYS MALIKI WILL RESIGN AFTER EID HOLIDAY. BORDERS OPENING UP IN BASRA TWENTY FOUR HRS A DAY. IRANIAN AIR SPACE OPENED FIRST TIME IN 35 YEARS. WORLD BANK LOAN SIGNED. SERIOUSLY, LOTS OF RELEASES...TREMENDOUS ER [ECONOMIC REFORM] AND MR [MONETARY REFORM] PROGRESS.
7-14-2015 Newshound Guru Enorrste Therefore, I conclude that Turki is simply stating what we all know: that the CBI is planning to raise the value of the dinar and that it is taking an act of bravery to do so, given the current financial crisis...Article quote: "we know that it will be at the expense of all of our dreams strongly Iraqi dinar, which was worth US $ 3.33 and 2.4 pounds, and became in 1979..." Turki goes further, by referring to the “goal” of $3.33 per dinar that existed in 1979. In other words, he is referencing the “plan” that has existed since 2007 to return the dinar to its original value of $3.33 per dinar. [post 2 of 2]
7-14-2015 Newshound Guru Enorrste Article quote: “The fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors, we know that it will be at the expense of all of our dreams strongly Iraqi dinar.” We have seen ample evidence over the last months that the CBI has been making preparations that will lead to a strengthening of the Iraqi economy and the raising of the value of the dinar. On the other hand, we have NEVER heard from anyone that there might be a plan to lower the official value of the dinar. [post 1 of 2....stay tuned]
7-14-2015 Intel Guru Frank26 ...the HCL is in the 2015 budget – waiting for the completion. ¾ of the HCL has been used since 2007...because it makes Iraq money. This has allowed Iraq to limp along month-after-month...The HOT part of the HCL is the 4th part. Yes...the GOI and OIL Companies know how much they are getting from Iraq from the HCL...and soon the citizens will see their part too.
7-14-2015 Newshound Guru Millionday [what is the period or time frame of EID?] THE END IS THE 20TH. [any word ...Maliki 2 step-down after eid?] IT IS REPORTED TO STILL BE HAPPENING HAVE NOT SEEN A CHANGE. THAT IS THIS WEEKEND. NEXT WEEK AFTER HOLIDAYS HAS BEEN SAID TO BE THE ACTIVATION OF SO MUCH -- I CANT WAIT TO SEE THE NEWS EVERY DAY. THE NATIONAL GUARD IS BEING ADDRESSED RIGHT NOW FOR VOTE AND THE IMPORTANT LAWS ARE BEING ADDRESSED AS WELL FOR VOTE AFTER HOLIDAYS...
7-14-2015 Newshound Guru Kaperoni Article quote: "Mustafa sees that many economists are beginning to call for setting a new rate of the dinar less than the current, Mustafa also demanding to float the exchange rate..." I highly doubt the CBI will reduce the value of the dinar. If we saw a mass dumping of dinar when the market rate dropped last month, how do you think Iraqi's would respond to an "official" devaluation? IMO it would be a nightmare. As for a float, though that is what we expect, the conditions are not right now for that to occur. Again, I think we are in a situation where the CBI is hamstrung and trying to buy time for the laws to be passed, and the security and stability to set in. Once that occurs, investors and capital will begin to come in and the CBI can start to look at monetary changes. Until that happens, we wait.
7-14-2015 Intel/Newshound Guru Poppy3 [its looking very good.] VERY, VERY GOOD FOR THE NEXT MONTH. THEY MAY NOT GET IT DONE BUT EVERYTHING SURE SOUNDS LIKE THEY ARE IN THE PANIC MODE TO MAKE IT HAPPEN. 7-13-2015 Intel Guru Frank26 ...I told you that the Iraqi citizen’s are becoming weary – just like you and I. In the last 2 weeks they are now being told more about Maliki...The GOI put out campaign to inform the citizens that Maliki will be dealt with. The treason report that was given to the citizens of Iraq (about 9 months ago) – says that Maliki will go to trial. What does that have to do with the MR? Everything! In our opinion when you see the #1 HCL … #2 Maliki contained … #3 will be the RI / RV. We believe these 3 events will come together at the same time.
7-13-2015 Newshound Guru Kaperoni Article quote: "Maliki submitted his resignation after the holiday .. and the first reshuffle of the government ousted by al-Abadi “Hoshyar Zebar..." I'm not buying it. No other sources printed articles today and this source often in the past has had bogus articles. I wish it was true, but I need more.
7-13-2015 Newshound/Intel Guru BGG clearly THE NEWS of the day: Maliki submitted his resignation after the holiday...and the first reshuffle of the government ousted by al-Abadi "Hoshyar Zebari". ...IMHO - that is the main thing I am looking for...amazing how many other items are about to tumble into place. If he goes things are in OVERDRIVE!!
7-13-2015 Newshound/Intel Guru Arthur Thankfully all those people mentioned that have supposedly understood everything while the country has been going to hell in a hand basket are the very ones in serious negotiations right now to finally get a vitally needed and long awaited Hydrocarbon Law in Iraq. ...the HCL is part and parcel of the budget itself and is connected at the hip with a simultaneous or shortly thereafter IQD reality rate at which time the "liquidity" problem will suddenly and inexplicably disappear... and the good news is the timing for this as of now appears to be sooner rather than later given the latest and soon to be public progress made in both public and secret negotiations going on right now. The proof will be in how fast everything is about to start falling in place as they get closer and closer to and HCL agreement leading up to and culminating in the revaluation of the Iraqi dinar. [post 2 of 2]
7-13-2015 Newshound/Intel Guru Arthur Liquidity could be created overnight by the IMF and WB (PTB) in a heartbeat, but nobody is willing to do that to a country in political turmoil with no law governing how that money will be fairly distributed as to maintain a strong dinar for years to come. If you had 18 kids (provinces) that didn't get along, would you just give the oldest one (Baghdad) all the money and trust that the money would be evenly distributed to the others and his creditors? And not to mention this kid you are throwing all this money at has just recently been let off of a decade long punishment for attacking his neighbors and attempting genocide on his own brothers. [post 1 of 2....stay tuned]
7-13-2015 Newshound Guru BGG Article quote: "al-Hakim discussed during a meeting Ambassador Noureddine net representative of the president of CMI civil society, national reconciliation efforts in Iraq." Hakim talking directly about the National Reconciliation is a good step... it shows his political leanings... He's Shia - but he's Iraqi first...this is a good sign for the long term stability of Iraq... Both Hakim and Sadr being on board with THE IRAQ is good.
7-13-2015 Newshound Guru Aggiedad77 Article: "US Consul for Mrbd: Iraq is an encouraging environment to enter the giants" Drum roll please...cue in the giant companies now...especially into Basra where security seems to be well under control...Iraq is pushing for many large companies and corporations to move in and start work within the country...what is holding them back in some areas is the DAASH threat...security...but it continues to improve...Iraq certainly needs the help and these companies...as with any big business...are always on the prowl for the ways in which profits can be improved.
7-13-2015 Newshound Guru sczin11 I AM AMAZED FROM A PURELY FINANCIAL POINT OF VIEW, HOW IRAQ HAS COME THIS FAR, IN THEIR MR AND ER, AND NOT JUMPED INTO THE INTERNATIONAL MARKET, YET! SOMEHOW, PATIENCE IS A VIRTUE IN THEIR EYES...THEY ARE WORKING THEIR PLAN AND OBVIOUSLY, BY THE RESPONSES FROM WORLD AGENCIES AND COUNTRIES, THEY MUST BE ON THE RIGHT PATH... INTERNATIONAL RECOGNITION AND COMPLIANCE TO THOSE REGULATIONS, MUST BE POINTED THE WAY THE WORLD DEMANDS... WE ARE HOLDING THE CURRENCY OF A SOVEREIGN DEMOCRATIC COUNTRY, WITH PRIDE, WEALTH, AND TREMENDOUS RESOURCES...AND MOST IMPORTANT, INTERNATIONAL SUPPORT! WE DONT KNOW WHAT WE DONT KNOW...BUT WHAT WE DO KNOW, IS INVALUABLE! [post 2 of 2]
7-13-2015 Newshound Guru sczin11 SO MANY POSITIVE PROGRESSIVE NEWS RELEASES...SO MUCH TALK ABOUT THE IMPORTANT LAWS...ACTING CBI GOVERNOR SPEAKING OUT OFTEN...CITIZENS AND POLITICAL FIGURES CALLING FOR MALIKI TRIAL...ICC APPEARS TO BE INVOLVED... CORRUPTION BEING CLAIMED IN MANY SECTORS OF GOVERNMENT...PROXY APPOINTMENTS BEING ATTACKED...E-GOVERNMENT PLAN MAKING PROGRESS...INTERNET SERVICES BEING IMPROVED... NATIONAL CARDS APPEAR TO BEGIN DISTRIBUTION...SALARIES BEGIN TO BE PAID...INTERNATIONAL SUPPORT CONTINUES...USA TAX REPORTING COMPLIANCE BACK ON THE FRONT PAGES...ARTICLE VIII ENTRY SEEMS TO BE THE GOAL...AND ON AND ON. [post 1 of 2....stay tuned]
7-13-2015 Newshound Guru Millionday Article quote: "According to a member of the Commission on oil and energy parliamentary deputy for the National Alliance Ibrahim Bahr al-Ulum, Saturday, that the differences on oil and gas law, "simple", noting that it can be solved easily and included in the work of the House of Representatives agenda." THE HCL ISSUES ARE A SIMPLE RESOLVE. HE IS SAYING THAT THE LAW IS READY OR HAS SMALL DIFFERENCES AND SHOULD GO TO PARLIAMENT...GREAT NEWS...
7-13-2015 Newshound Guru wmawhite The USD was inserted into Iraq immediately during the war so that Iraq could function and do business...how it is time for them to pull the trigger and it is coming now. [Is the IQD destin to be part of the SDR basket?] Yes...they have told the world that several times.
Read more: http://www.dinarguru.com/#ixzz3hVVkcCHb
7-12-2015 Intel Guru Hub in 1982 i was trying to sell some equipment in mexico. the rate was 2700 to 1 and nothing could be transferred into the country, a couple of years later it went to 11 to 1...no big deal, the economy caught up with the world monetary system, the Canadian dollar changes on a daily basis, heck for that matter, the US dollar changes value 2 or 3 times a day...kuwait was in ruins and the currency bounced back in a couple of weeks, iraq was a very stable valuable currency in the 50's-60's- 70's over $2.55 pre husein. it will return...but to pay bills in this world you have to have money people will take, as we sit, the dinar is still exotic and not internationally accepted, so the dinar must do what ever the magic is to become tradable, iraq is at a turning point to pay contractors, military, hcl payments and so on and so.
7-12-2015 Newshound Guru wmawhite [...why do they continue to delay in solving their own liquidity problem?] how is it a delay...a delay implies that there was a date and time for them to have done something. ...they (whoever they are) will do it whenever they are ready...at anytime when the time is right for THEM...not for us!
7-12-2015 Intel/Newshound Guru tman23 Erbil: Iraq’s Kurdistan Regional Government (KRG) announced on Sunday, Tuesday the 14th of July as a public holiday in all its departments, and identified 17th till 22 of the same month as an official holiday on the occasion of Islamic Eid al-Fitr (Feast of Breaking the Fast). A statement of the Presidency of KRG received by Shafaq News, quoted the government spokesman, Safeen Dazie as saying that his government decided to declare Tuesday 14 of July, 2015 as an official holiday in all government institutions. The government’s statement declared 17 to 22 of this month as an official holiday, on the occasion of Eid al-Fitr, which is expected to coincide on Friday, July 17, noting that the official working hours will resume starting on 22 July of current month.
7-12-2015 Newshound Guru Kaperoni Article: "Parliamentary Finance: the issuance of a new currency will revive the Iraqi economy" This article to me is a sales job on a process that many don't think will work...which is to postpone the delete zeros project, and in the meantime issue larger 50k, 100k notes to help strengthen the dinar in the market place. I am like many, and don't know if that plan will work or not...but clearly they seem to be getting ready to try it.
7-12-2015 Intel/Newshound Guru Poppy3 ...I LIKE THE NEWS AND THE TIMING BEING TALKED ABOUT. I WARN EVERYONE TO STAY HOPEFUL AND POSITIVE BUT SEVERAL OF THE THINGS STATED THEY ARE DOING DEPEND ON THE TIMING OF OTHER PARTS BEING COMPLETED IN CONJUNCTION FOR THESE THINGS TO ALL COME IN LINE TOGETHER...WATCH THEIR ACTIONS THAT PERTAIN TO THEIR WORDS. WE ARE IN A GREAT PLACE RIGHT NOW. WE HAVE AGAIN MOVED FROM STATUS QUO AND ARE SEEING ACTIONS ACTUALLY BEING TAKEN...WE ARE GOING TO WIN TOGETHER AND WIN BIG.
7-12-2015 Newshound/Intel Guru BGG [HAVE YOU SEEN ANYTHING ON IRAN BECOMING PART OF SWIFT?] I have - I thought that was one bank - looking at some info...truthfully - I really think there is a lot - lot - LOT going on right now in the ME. It's not about one or two keys...it is a tidal wave of details coming at us right now...there is so much happening...Maliki is gone soon...you watch and everything happens soon thereafter. [Do you think Maliki has to be gone before RV?] I don't think (nor have I ever) that he HAD TO - but I think he will.
7-12-2015 Newshound Guru Arthur Iraq is not broke. It has stated it can cover 3 times. It has vast oil and gold reserves sufficient for liquidity to open this budget, none of which will happen until there is a comprehensive law governing provincial funding under the HCL. There are amendments occurring as we speak to get this done soon as we approach Eid al-Fitr with Abadi losing more and more credibility sparking planned protests against the entire government mid August. We are hearing more and more positive news coming from high sources regarding movement on this issue that will soon lead to the completion of the MR. As we approach the end of July into August we are looking for major movement on the HCL thus leading to what we are all waiting on. [post 2 of 2]
7-12-2015 Newshound Guru Arthur There are people out there saying it has nothing to do with HCL. That its only about liquidity which will be solved by just flipping a switch and suddenly having a $3 RV for instant purchasing power. So if it's that easy why haven't they done it yet? Why are they up against losing Kurdistan to independence and having mass protest on the green zone if it's just that easy? Its because its NOT that easy and it IS about the HCL! This is a political problem that is complex that goes back even pre-Maliki between the Shiites and Sunnis and the Center and the Region. It involves the payments to oil companies, the Peshmerga, Article 140, and the level of independence that is allowable under the constitution. It is the very core of how funds within the budget will be distributed in general. [post 1 of 2....stay tuned]
7-12-2015 Newshound Guru Millionday [...the Kurds still get short-changed? ON Oil? is this still the case?] THEY MADE AN AGREEMENT YESTERDAY WITH BAGHDAD AND THE COMMITTEE HAS CALLED FOR URGENT MEETING WITH KURDS TO ACTIVATE THE OIL AGREEMENT BEFORE...EID HOLIDAY -- ASAP.
7-12-2015 Intel Guru Frank26 It is of a strong opinion from us that the HCL is fully armed and primed inside of the 2015 budget. We feel ...and have said it for 7 years that the moment you see the 4th and final part of the HCL which belongs to the citizens oil share rights...then nano seconds later you will see the IQD rate change. IMO...the lower demons and HCL have something in common with the rate change date ... They could be in synchronization. Not that one will follow the other but one with the other. 7-11-2015 Newshound Guru My Ladies Article quote: "Iran’s Day Bank announced on Saturday that it has officially joined the Society for Worldwide Interbank Financial Telecommunication (SWIFT)." NO FAN FARE NO NOTHING THEY JUST TURNED ON THE SWITCH WHILE THE REST OF THE WORLD IS WATCHING THE NUCLEAR DEALS TALK ABOUT STALLS. THIS IS EXACTLY HOW IT WILL HAPPEN IN IRAQ, THEY WILL TURN ON THE SWITCH AND THEY WILL BE CONNECTED AND THAT WILL BE THAT. SO THIS CAN LITERALLY HAPPEN AT ANY TIME...
7-11-2015 Intel/Newshound Guru Poppy3 I FOLLOW PROGRESS IN ACTIONS IN IRAQ AND TALK DAILY WITH MANY POSITIONED PEOPLE SOURCES AND READ ALL THE NEWS DAILY. ALL COMBINED ARE TELLING ME WE ARE CLOSING IN ON VICTORY...THE TIME IS DRAWING VERY NEAR FOR ACTIONS ON THEIR WORDS ARE CONVINCING ME THE RATE IS COMING WITHIN THE NEXT COMING WEEKS AND ACTUALLY CAN COME ANYTIME BECAUSE LOTS OF WHAT THEY ARE SAYING WILL BE COMPLETED NEED TO HAVE THE NEW MARKET RATE FOR THESE THINGS TO BE COMPLETED...LIKE THE BONDS, TARIFFS, HCL BUDGET ETC...THE NEW RATE IS ABSOLUTELY NEEDED BEFORE THESE AND OTHER THINGS CAN BE FUNDED. TIME WILL TELL.
7-11-2015 Intel/Newshound Guru tman23 To open the Budget they need liquidity...to achieve liquidity they can open the free market...but Rome was not built overnight nor will Iraq, the market takes time to develop and since infrastructure is in poor shape it is not an immediate solution. A revalued currency is an immediate solution...since Iraq deals in petro dollars...a IQD equal to 1 usd changes nothing...a IQD valued at $3 provides Iraq international purchasing power...so they can get 3 times the amount of imports as what they do now with a higher valued currency... low value favors countries that do large exporting...High value favors countries who do importing...Iraq imports over 90% of their goods... If they revalue at at $3... They spend $1 on imports and have $$$ to pay salaries and invest. [post 2 of 2]
7-11-2015 Intel/Newshound Guru tman23 From 2004 to present Iraq has not had "The HCL". So for the past 11 years Iraq has never opened a Budget. They were operating on WHAT? The FACT is 2014 operated on 1/12 system of the 2013 Budget because Parliament did not pass a budget. 2015 Parliament passed a Budget but "austerity measures" were put into place because of "lack of liquidity" due to ISIS, war costs, displaced persons, fallen oil prices, etc....NOTHING TO DO WITH HCL!!! They cannot implement the full version of the 2015 Budget because there is NOT ENOUGH MONEY!!! [post 1 of 2....stay tuned]
7-11-2015 Intel/Newshound Guru Poppy3 AS TO ALL THE NEWS WE HAVE ALL RECEIVED IN THE LAST 3 WEEKS NOW ABOUT IRAQ, CBI, BONDS, AND CHANGES...IF THIS INVESTMENT WAS GOOD BACK 11 YEARS AGO IT IS A AWESOME INVESTMENT TODAY.
7-11-2015 Newshound Guru Millionday “…the fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors, we know that it will be at the expense of all of our dreams strongly Iraqi dinar, which was worth US $ 3.33…” THIS IS...TURKI TALKING ABOUT THE DREAMS OF HOW STRONG THE DINAR COULD BE -- THIS IS DATED JULY 8TH STATING IT WAS WORTH $ 3.33 --- SMILE.
7-11-2015 Newshound Gurus OOTW & sczin11 FLASHBACK: FEBRUARY 2015 - ZEBARI ANNOUNCES THAT IRAQ WILL SEEK TO APPROVE LEGISLATION TO GAIN FATCA (US TAX COMPLIANCE STANDARDS) BY SEPTEMBER 15, 2015. NOT MUCH NEWS ON THIS SINCE FEBRUARY....UNTIL TODAY! Article quote: "The House of Representatives awaiting the arrival of a draft law to join Alfatyka agreement, by the Iraqi Central Bank, which considered and prepared for discussion, in order to vote on them." SO WHAT WE HAVE HERE IS AN ARTICLE STATING THAT THIS LEGISLATION IS TO BE DISCUSSED WHEN THE PARLIAMENT RETURNS FROM THEIR EID/FEAST. THIS MEANS THEY ARE EXPECTING INVESTORS FROM THE USA AND ARE WILLING TO COMPLY WITH USA TAX REPORTING LAWS. FOLKS THIS IS HUGE.
7-11-2015 Newshound Guru Millionday Article quote: "Committee announced its oil and parliamentary power, on Friday, sending request "urgent" for the Speaker of the House for a meeting between officials from the Kurdistan Regional Government and the federal government in the presence of representatives of the parliamentary parties to activate the oil agreement between the two sides" WE HAVE AN UPDATE ON THE OIL AGREEMENT BETWEEN ERBIL AND FEDERAL IRAQ. THE COMMITTEE HAS REQUESTED FROM KURDISTAN AN URGENT MEETING TO ACTIVATE THE OIL AGREEMENT...THIS AGREEMENT INCLUDES OIL EXPORTING AND PAYMENTS THAT HAVE NOT BEEN MADE... HUGE TO ME THAT IT IS URGENT THEY MEET RIGHT AWAY TO ACTIVATE THE AGREEMENT SO FAST WHEN AGREEMENT WAS JUST MADE -- WHOOPOW. ONE THING WE HAVE NOTICED IS THE MANY ECONOMIC THINGS THAT ARE EXPECTED THIS MONTH -- JULY.
7-11-2015 Newshound Guru tlm724 Article: "Government intervention of the World Bank as a partner in the formulation of the budget in 2016" Quote: "adding that" the World Bank agreed to grant the loan in exchange for conditions related to conduct real administrative and economic reforms in the government system," now that is big! The World Bank says yeah we will loan you the money BUT we want in on formulating and implementing the economic plan! I like that very much! Very Happy
7-11-2015 Newshound Guru sczin11 HERE IS THE BOTTOM LINE, IMHO...IF THE SECOND WAVE OF BOND ISSUANCE, AS THEY HAVE DESCRIBED, DOES IN FACT OCCUR TWO POINTS SHOULD BE REALIZED...THE FINANCIAL INSTITUTIONS WORLDWIDE WOULD RECOGNIZE THE IRAQI DINAR AND THE CREDIT RATING SHOULD BE ISSUED BY THE THREE MAIN REPORTING AGENCIES. THE FIRST WAVE IN COUNTRY, IMHO, DOES NOT REQUIRE OR IMPLY THE COMPLETION OF THE ABOVE TWO POINTS.
7-11-2015 Newshound Guru Kaperoni Article: "Parliamentary economy expect difficulties in the application of tariffs next month" No doubt that there will be backlash. The same issues a year ago, a month ago still apply today. So we have to hope despite the few who are trying to hold Iraq back, the GOI will be able to implement and enforce tariffs. This is a tough one to overcome, but needed for the economy.
7-10-2015 Intel Guru SteveI Article: "Financial crisis in Iraqi Kurdistan shuts down 6,000 projects" Quote: "A slowed and deteriorating economic climate in Iraq’s Kurdistan Region has shut down thousands of development projects, according to a senior official." You will see more of this in the coming days. You watch. Other countries are also putting huge pressure on Iraq. Good times ahead!
7-10-2015 Intel/Newshound Guru tman23 [WHAT YOUR thought on this month ending an rv...?] Everyday they delay is a lost day... I do not believe they can continue the same path into 2016... So yes, we have a very good chance in July! I expect to see a change anytime from the 1st to the 15th.... And I am set for the 15th...does that mean RV to riches...possibly!! But be certain that there will be an announcement for the citizens...An Abadi gift...per se'.
7-10-2015 Intel Guru Jester [What is your sense of the initial RV value being a "sucker" rate to bring in as much dinar as possible before it floats upward?] YOU BETTER TAKE WHAT YOU CAN GET WHEN IT IS OFFERED...YOU LIKE TO GET GREEDY YOU MIGHT GET SQUAT... MY OPINION.
7-10-2015 Intel Guru Frank26 Yes...Things are looking good...Yes...Rather exciting. NOT a date...But the Lava Flow...FASCINATING to me.
7-10-2015 Newshound Guru My Ladies WITH EVERYTHING WE ARE LEARNING EVERYDAY...YOU SHOULD BE OVER THE MOON SILLY RIGHT NOW UNDERSTANDING WHAT IS ABOUT TO HAPPEN. THERE IS NO WAY IRAQ WILL REMAIN IN ISOLATION, THEY WILL DEFINITELY BE COMING TO THE WORLD STAGE SOON. I AM NOT SPEAKING TO VALUE. I HAVE NO IDEA WHAT THE DINAR WILL TRADE AT. I KNOW BASED ON BANKING, TRADING, AND GLOBAL ECONOMICS THE DINAR WILL TRADE AND SOON...IT NEEDS TO. SO PLEASE HANG IN THERE EVERYONE AND GET EXCITED. [post 2 of 2]
7-10-2015 Newshound Guru My Ladies THERE ARE SO MANY PEOPLE THAT ARE NOT IN THIS INVESTMENT OR HAVE LEFT THIS INVESTMENT OUT OF SHEER FRUSTRATION. THE DAILY PUMPING OF ANY MIN OR ANY SECOND MAKES INTELLIGENT THINKING PEOPLE START TO SECOND GUESS THEIR SELVES AND THEN YOU COMPOUND THAT WITH THE BANKS CALLING THIS A SCAM AND MANY FOLKS WALK AWAY OR DO NOT GET INVOLVED. THE DINAR IS A CURRENCY IT IS NOT A SCAM. [post 1 of 2....stay tuned]
7-10-2015 Newshound Guru Arthur It allows Iraq's provinces freedom from the GOI in giving exploration and production contracts which the Kurds and other provinces desperately want and must have since the constitution allows governates to form semi-independent regions, fully controlling their own natural resources. There has been a call for mass organized unrest up to and including shutting down the airport to the green zone to start in mid Aug with the sole purpose of overthrowing this parliament which would be tantamount to civil war and it is no coincidence that this show of resistance is scheduled right near the deadline for the Shiites and Sunnis in this parliament to put aside their centuries old sectarian hatreds at least long enough to finally implement this much needed historic law so the world can finally realize a reality rate for the Iraqi dinar. [post 2 of 2]
7-10-2015 Newshound Guru Arthur At the beginning of July they gave themselves a 2 month window (early September) to finally implement the HCL. All the Maliki and 50 and 100K notes, bonds, credit rating, and security concerns are all external issues to what is directly and vitally needed to implement full blown currency reform in Iraq. They ABSOLUTELY MUST have a signed, sealed, delivered and fully implemented Hydrocarbon LAW, not tentative agreements to move any further PERIOD. After all this time people still fail to see the significance of the HCL as it pertains to the MR of Iraq. There is no way to even fully open the budget without it. It is the HCL that authorizes all the necessary production share agreements (PSAs) which guarantees a profit for all the foreign oil companies then allows for the GOI to distribute remaining revenues fairly throughout the nation on a per capita basis. [post 1 of 2....stay tuned]
7-10-2015 Intel Guru SteveI Article quote: “…the fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors, we know that it will be at the expense of all of our dreams strongly Iraqi dinar, which was worth US $ 3.33…” We are almost at the end. Hang in there and it will be worth the wait. This made my day!
7-10-2015 Newshound Guru sczin11 [if the KRG is planning a bond issuance then how strong a connection can there be between the Iraqi bond issuance and monetary reform?] IN BOTH CASES, SHORT TERM, IMMEDIATE LIQUIDITY, IS THE BASIS, IMHO. MONETARY REFORM WILL NOT PROVIDE IMMEDIATE RELIEF FOR ANYONE BUT US...I SHOULD SAY COMPLETION OF MR. THE ONLY POSSIBLE SIGNIFICANCE TO THE COMPLETION OF MR [WITH] REGARDS TO BOND ISSUE, WOULD BE THE NECESSITY OF A CREDIT RATING WHICH IN TURN WILL LURE BIG DOLLARS INTO THE COUNTRY. AS A DIRECT CONNECTION, BOND ISSUANCE TO MR COMPLETION, IMHO...NO CONNECTION THERE.
7-10-2015 Newshound Guru Millionday [if the bonds will be in 4th qtr...will the rate possibly change prior to then?] THE DATE OF A CHANGE IN RATE HAS NOT BEEN RELEASED...IT CAN BE CHANGED AT ANYTIME. WE DONT KNOW WHEN BUT IT DOES NOT MEAN IT MUST WAIT UNTIL THE FOURTH QUARTER. [...could this be that the Domestic payouts will be in Dinar, and if you were International you could get USD?] YES... THEY STATED THAT IT WILL MATURE AT A HIGHER AMOUNT THAN THE MARKET PRICE...SO THE BONDS WOULD BE ON THEIR MARKET AT THAT TIME...HUGE CLUE FOR ME. [...would there be any rational reason to give the loans out at the 1166 rate?] ACCORDING TO MY LOGIC AND ECONOMICS -- IT WOULD NOT MAKE MUCH SENSE FOR IRAQ OR THE ENTERPRISE... [post 2 of 2]
7-10-2015 Newshound Guru Millionday Article quote: “The Iraqi government plans to issue local bonds worth five billion dollars, starting from the last quarter of this year…“ “The bonds will be issued in US dollars in stages based on investor demand, and investors will choose between receipt of an asset at maturity in dollars or dinars, but at a better price than the market price.” THEY ARE GIVING A CHOICE OF RETURN IN EITHER US DOLLAR OR IRAQI DINAR -- WOW -- AND ANNOUNCED THAT THE MATURITY WILL PRODUCE A HIGHER RETURN THAN --MARKET PRICE. CBI WILL DETERMINE IF THE LOANS ARE GIVEN OUT AT A NEW VALUE OR NOT -- I PERSONALLY HOPE A NEWLY CALCULATED VALUE. [post 1 of 2....stay tuned]
7-10-2015 Newshound Guru tlm724 Article: "Government intervention of the World Bank as a partner in the formulation of the budget in 2016" Quote: "adding that" the World Bank agreed to grant the loan in exchange for conditions related to conduct real administrative and economic reforms in the government system," now that is big! The World Bank says yeah we will loan you the money BUT we want in on formulating and implementing the economic plan! I like that very much! Very Happy. 7-9-2015 Intel Guru SteveI Listen folks, we are closer than you all think. Hang in there!
7-9-2015 Newshound Guru OOTW ART'S CAME OUT STATING THEY'RE GOING TO LAUNCH THESE NEW 50K NOTES END OF MONTH (I'LL BELIEVE IT WHEN I SEE IT) – AND AGAIN, THE LAST INFERENCE WE HAVE IS THAT THEY HAVE DOUBLE THE RESERVES TO BACK THE VALUE OF THE DINAR - SO THAT PUTS US AT 2/10 OF A CENT, WHAT THEY'LL REALLY DO..WE HAVE TO WAIT AND SEE. ...ALL OF THE COUNTRIES I'VE RESEARCHED AT THE IMF SITE, WHO HAVE RELEASED THEIR CURRENCIES TO THE INTERNATIONAL MARKET UNDER ART 14 - THE HIGHEST VALUE OF ALL OF THEM IS TEN CENTS TO THE DOLLAR.
7-9-2015 Newshound Guru Kaperoni I am waiting to see if the CBI actually issues the 50k dinar notes this month as stated by MP Najiba Najib from the finance committee on July 2nd. ...currency reform must happen. It is really not an option or preference. The issue is how and when it will happen. [Is it more likely to start at 1166 or 10 cents?] ...currency reform is not an arbitrary number. A currencies exchange rate is based on many factors. So when it begins to rise, it will be because of several factors. Unfortunately, many don't want to believe that and are wishing for some "overnight" event. The good news is Iraq is trying to create the conditions to do the currency reform. The laws will be a big step in the right direction when they pass them...over 150 laws have been read twice and waiting for a 3rd and final reading.
7-9-2015 Intel Guru SteveI [Can you comment on the 50k and 100k notes? Some articles say the introduction of these notes will coincide with the change in value while other articles are simply too confusing.] Yes, the 50 and 100 notes are a temporary solution to curb the massive counterfeit problems and will not be a part of the final solution.
7-9-2015 Newshound Guru sczin11 Article quote: "the World Bank agreed to grant the loan in exchange for conditions related to conduct real economic administrative reforms in the government system, the most prominent stop employment, and activating the private sector." BRING ON THE WORLD BANK TO MAKE SURE THE GOVERNMENT PLAN FOR THE CITIZENS OF IRAQ, AS FORMULATED BY PM ABADI, IS FUNDED PROPERLY IN THE BUDGET... NAMELY THE ACTIVATION OF THE PRIVATE SECTOR.
7-9-2015 Newshound Guru tlm724 Article: "Cancel the parliamentary oil denies oil deal between Baghdad and Erbil" Quote: "The Commission on oil and energy parliamentary denied on Thursday reports that the cancellation of the oil agreement between the federal government and the government of Iraqi Kurdistan in secret" good that puts that BS to rest! three options...either to proceed with the agreement that has been concluded and inclusion in the federal budget, or to discuss a new agreement...saying, that the third option is that the federal government allow the Kurdistan government to sell oil Independently...they are working it!
7-9-2015 Newshound Guru Millionday Article quote: "...the current legislative term will see the passage of the new investment law." THE INVESTMENT LAW SHOULD BE PASSED BY PARL THIS SESSION. DIVERSITY THROUGH INVESTMENT WILL ADD TO THE MARKET AND SUPPORT THE BUDGET WHERE INTENDED. SO AS WE KNOW THE INVESTMENTS WILL BRING IN MARKET DIVERSITY AND MINIMIZE THE RELIANCE ON OIL ALONE .
7-9-2015 Newshound Guru wmawhite Another question...unlike sovereign bonds...Iraq will be going to the retail markets with its first international bonds...what is needed in order for Iraq to do such a thing? Iraq will need a sovereign (country) credit rating. ...this will enable Iraq to be compared with all of the other countries in the world that are also issuing international bonds. Another question:..when compared to other countries...in addition to the credit rating, what will help Iraq when compared? A currency that is freely moved/traded on the world currency markets.
7-9-2015 Newshound Guru Adam Montana ...we're almost done with Ramadan. It's possible for something big to happen in the next 10 days...But if Ramadan goes like it normally does, things just slow down over there. Negative Nancys like to say "oh nothing ever gets done", but I disagree - a LOT has been accomplished in a very short time over the last 6 months, and I'm optimistic about the situation. I'm looking forward to seeing things pick up pace again... but not in the next 10 days. Give it a week and a half, and then let's see what happens.
7-9-2015 Newshound Guru Millionday [Has Iraq put in place electronic security to protect themselves...?] I SAW TECH ISSUES FOR NEW YORK --- AND IT SEEMS MOST MARKETS ARE IMPACTED BY ONE THING OR ANOTHER TODAY [WEDNESDAY] -- IMO IT WAS EXPECTED ANYWAY AS THEY WATCHED FOR CONFIDENCE IMPACTS DUE TO GREECE AND CHINA ETC -- THEY REPORTED THEY HAVE THE MOST ADVANCED AVAILABLE. [OK. This may get bumpy.] IT HAS BEEN PRETTY BUMPY ALREADY -- LOL.
7-9-2015 Newshound Guru Kaperoni Article quote: "the process of deletion of zeros from the local process needs a major economic power and great money,"... clearly implies to me we are right on with our thinking...that the deletion of zeros is a result of growth of Iraq's economy and capital investment. When that happens, the CBI will float the dinar and the zeros will go away naturally as a result. We are waiting for the flood gates to open and that will come with stability and laws. 7-8-2015 Newshound Guru Adam Montana As I suspected, Ramadan once again seems to be the killer of all things great in the story of Iraq's journey "Back From Saddam"... but that's not all that bad. It's just a matter of time, as most things are. In this case, the "time" we are looking at has a defined end, and that end is July 17th. [A number of weeks ago, your contacts were telling you that things were about to happen. What are your contacts telling you now?] No change since a month ago...! We're looking good, but Ramadan is here, so...
7-8-2015 Newshound Guru Millionday Article quote: "...in Parliament on Wednesday, the recovery of the dinar exchange rate against the dollar after the judiciary to overturn the terms of the public finances of the country's budget, including the decision to cap the sale of foreign currency." PARLIAMENT CALLING FOR A RECOVERY EXCHANGE RATE...THE CAP ON CURRENCY SALES HAS BEEN RETURNED TO THE CONTROL OF CBI ACCORDING TO REPORTS. THE CALL IS BEING MADE TO OPEN BUDGET AS WELL --SALARIES ETC. RETIREMENT BENEFITS ARE REPORTED TO BE LOADED ON SMART CARDS. SO AS WE HAVE READ MULTIPLE TIMES -- CBI IS TO CONTROL THE ECONOMIC TOOLS AND ALSO RELEASE THE VALUE AND INTERNATIONAL RATES ETC -- IT IS THEIR JOB...WHOOPOW.
7-8-2015 Newshound Guru wmawhite [I had always beleived that the deletion project was before the revalue, now I stand corrected...?] Think of it this way...there would be no need to change the currency, delete the zeros, etc...if a change in the value of the IQD wasn't going to happen BEFORE hand. [So are we on for July?] Don't know other than we are on....because the folks that are doing this continue to tell us about events that require a tradeable IQD. [If you accumulate all the progress, one can only come out with a positive climax!] I agree...especially now. IMO, they are being very open with what is coming. [post 2 of 2]
7-8-2015 Newshound Guru wmawhite What is required before the "delete the zero project" can be completed? The delete the zero project is NOT the change in the value of the IQD...hint. The project is several items...one of which is the size of the notes to be used...so, the IQD requires a change in its value Loooong before the project can be completed. I will be sitting on a beach in St. Kitts long before Iraq is finished with the delete the zero project. In other words...we do not care when they complete it...also, they have told us many times that the process has alrady started. [post 1 of 2....stay tuned]
7-8-2015 Intel Guru SteveI ...I have not given up on this investment. After reading and knowing what is really going on, I believe in it more now than last year. ...[Guru] Millionday our CNN of the dinar world has done an excellent job keeping us informed with what is going on. Yes, it should have been done by now (changing value that is) but ISIL was not in the mix last year. Nobody predicted this one (thank Maliki for this this mess, so we let Iraq and the other countries deal with it and get this under control. Huge progress has been made and they will continue making great progress. [Guru] Ray and I have talked...and believe we are on a sound and positive track. One other comment, there is not one scenario I can even come up with that would allow the vast assets (gold, oil and many others) of Iraq to maintain the value of their currency much longer and still claim to be a powerful country. Yes they can continue with the oil dollars but that can only go on for so long. Iraq will get eaten up alive if this happens. So, this will not ever happen.
7-8-2015 Newshound Guru Kaperoni Article: "Iraq looking with American negotiators development skills to join the World Trade Organization" Iraq is a long way off from full accession to the WTO, but as long as it is discussed it is good news and more pressure for Iraq to get the market economy moving forward along with currency reform.
7-8-2015 Newshound Guru Millionday [Are we waiting on the derivatives in Germany or anything else?] WE ARE WAITING ON IRAQ`S MOVE TO A MARKET ECONOMY IMO... YESTERDAYS NEWS WAS HUGE AND THE DAY BEFORE -- ANNOUNCING THEY ARE ACTIVATING THEIR INTERNATIONAL BANKING AND ALSO THAT CBI IS READY FOR A MARKET ECONOMY SEEMS MUCH MORE IMPORTANT ECONOMICALLY [On a scale 1 to 10 how are you feeling?] I AM EXCITED -- I DONT KNOW HOW TO PUT IT ON A SCALE BUT THE HUGE NEWS WE HAVE READ IN THE LAST FEW DAYS ALONE HAS BEEN VERY EXCITING. [post 2 of 2]
7-8-2015 Newshound Guru Millionday [Do we have to wait until they get the HCL done before they can RV?] THEY ARE USING THE AGREEMENT MADE BUT WE DONT KNOW WHAT THEIR PLAN IN TIMING IS. [Have you heard anything about the credit ratings at all?] I HAVE NOT SEEN A FORMAL ANNOUNCEMENT OF ALL THREE BUT THE PREPARATION FOR CREDIT AND INSURANCE AND INTERNATIONAL BANKING WOULD MAKE YOU THINK THEY ARE CLOSE. THE INTEREST RATE IS DETERMINED FOR INTERNATIONAL BANKING ACCORDING TO THEIR CREDIT RATINGS. [post 1 of 2....stay tuned]
7-8-2015 Newshound Guru wmawhite [via Guru BGG] Article quotes: "The Iraqi government plans to issue local bonds worth five billion dollars, starting from the last quarter of this year..." "The bonds will be issued in US dollars in stages based on investor demand, and investors will choose between receipt of an asset at maturity in dollars or dinars, but at a better price than the market price." "He noted the former official at the Central Bank of Iraq, Qassem Saleh appearance, that "the medium-bond maturities range between 12 and 18 months." They just told you they are planning for an internationally accepted Dinar. How do you want your return? In USD or Dinar...something is up. ...according to banking reference yesterday - (IHHO) he would find it highly unlikely for there to be an international acceptance and trading without a reality rate.
7-8-2015 Intel Guru Mnt Goat July 8th...the date when Iraqi president Masum has asked Maliki to make a decision as to his resignation. Let’s see how this plays out. Of course my opinion is he will not resign from the VP position and will be forced out. The other key date is August 6th. Why is this date significant? It is significant because the GOI has told us that this is the deadline to completing the decentralization effort down to the provinces. This means the transfer of the ministry powers and the setting up of the National Guard units needed for provincial security. Both need the final passing of some laws. So now we see an outside window for the completion of these laws. This is all coming together very nicely. I hope to be able to tell you soon that there is an RV window. I can truly see one in the near future.
7-8-2015 Newshound Guru Kaperoni Now that the budget law has been reversed, there is no excuses for Allaq now to do a good job stabilizing the market rate and moving the reforms forward. If I was Allaq, I would want to prove my worth now and make some headlines in the coming weeks taking steps to prepare for currency reform. 7-7-2015 Newshound Guru Aggiedad77 ...WE ARE PAST SECURITY AND AT THE STAGE OF TRANSPARENCY NOW. LAST TUESDAY ONE OF OUR TEAMS TOLD US THAT A DELEGATION LED BY GOI/CBI WAS BEING PUT TOGETHER AND WE THOUGHT THEY WERE COMING TO THE USA. INSTEAD WE HAVE LEARNED THAT THE US IS COMING TO IRAQ TO TALK TO THIS GROUP. WE FEEL THAT THIS MEETING HAS ALREADY OCCURRED AND IT WAS POINTED IN THE DIRECTION OF THEIR SECURITY. BECAUSE IT IS OUR OPINION THAT ISIS IS NOW FEEDING UPON ITSELF AND THAT NOW WE CAN SAY THAT THE USA IS PICKING UP SPEED ON THE GROUND SO MUCH FASTER. AS ALL THIS HAS BEEN HAPPENING ABADI IS CONSTANTLY... DAILY TELLING THE CITIZENS THAT THEIR PRIVATE SECTOR WILL SOON EXPLODE AND THAT THEY ARE ADDING VALUE TO THEIR CURRENCY BY PASSING LAWS FOR THE CBI TO LIFT THE 000'S FROM THEIR EXCHANGE RATE.
7-7-2015 Newshound Guru Kaperoni Several very good events are happening in Iraq as of late, movement towards a market economy and opening the banking system is just more promising news. Let it come to us.
7-7-2015 Intel Guru Frank26 [via FrostyTheSnowman] The HCL...that is a HOT thing for us right now...it is the Lava Flow. Now of all of the people...the so-called “advisors of the GOI submitted a proposal to amend the Federal Oil and Gas Law to be completed within two months.” That means they started it 2 months ago … (that’s when we heard the rumors about it). Article 140 which is important for the HCL...there are 30 things that the GOI has to do to lift Article 140. These 30 things were done a long time ago – so Article 140 was put on the shelf. A few days ago Article 140 was brought back off the shelf and REACTIVATED once again. These are things that the GOI has to do for the people of Iraq. And guess what one of those 30 things is? The HCL! Lots of number are now changing...TRANSPARENCY...so now the GOI says it now produces 4.3 Billion barrels a day...transparency is coming...they want the world to know these numbers and what they are doing. The last part (for the citizens) will come at the very end. The HCL is HOT.
7-7-2015 Newshound Guru Kaperoni Article: "Government banking sector seeks to open up to the world" These kinds of articles is exactly what we want to hear. They cannot keep the dinar weak much longer. Remember, many think it is grossly undervalued.
7-7-2015 Newshound Guru firefly IMO the HCL has been passed a long time ago. We are just waiting on Implementation. I am only watching the CBI and Abadi ...period. M [Maliki] IMO is irrelevant. There will always be corruption, not just in Iraq but globally. They need to get this done ASAP...End of story.
7-7-2015 Newshound Guru Millionday Article quote: "The Federal Supreme Court, announced today the unconstitutionality of Article 50 of the Budget Law for 2015, and the judge to "compel the Central Bank identifies sales of hard currency [the dollar] in its daily auction ceiling does not exceed $ 75 million a day." THE FEDERAL SUPREME COURT SET LIMIT TO 75 MILL. [did they find it unconstitutional? Art 50?] YES. THE FEDERAL COURT ALSO FOUND THAT THEY MAY NOT AMEND THE BUDGET...BUDGET MUST REMAIN.
7-7-2015 Intel Guru Frank26 [via FrostyTheSnowman] There is a change coming in many things as you know. The thing that was required BEFORE that change was a sense of SECURITY within the GOI and the banking and leadership of IRAQ (the PM – Abadi and the Gov of Iraq – Dr. Shabibi). The monetary reform (Lava Flow) is beautiful...masterful. Iraq is passing laws which they’ve been doing for a long time...which was hard for them because they had no security at the time especially when Maliki was around. Iraq wants the world to know that Maliki (who was always a problem when they tried to pass laws in the past) is no longer a threat anymore. The removal of Maliki was important and allowed these laws to come forth and the sequence of these laws...the domino effect...from one law to another finally allowed things to happen. [Do you feel we have the security necessary in IRAQ?] YES I DO.
7-7-2015 Newshound Guru Millionday [Do you know if they ever passed the investment law?] THEY STATE THAT IT IS IN PARLIAMENT AND THEN WE HAVE REPORTS ABOUT HOW EXCITING THE LAW IS AND THE COMMITTEE COMMENTS ON ITS COMPLETION SO IT IS NOT CLEAR TO ME AT THIS POINT. THEY HAVE STATED HOW GREAT IT IS AND HOW THEY NEED TO HAVE IT OFF THE SHELF SO TO SPEAK. MY OPINION IS IT IS DONE AND NOT PRINTED.
7-6-2015 Newshound Guru sczin11 WHAT A DAY IN IRAQI POLITICS...THAT SNOWBALLS TO THEIR MR [MONETARY REFORM] AND ER [ECONOMIC REFORM], AND MOST OF ALL TO THE CITIZENS OF IRAQ...TEN LINE ITEMS IN THE HISTORIC 2015 BUDGET RULED UNCONSTITUTIONAL...WOW!! WHAT THIS ALL MEANS RIGHT NOW, IS OF COURSE NOT YET KNOWN...IT IS IRAQ!
7-6-2015 Newshound Guru Kaperoni Article: "Government banking sector seeks to open up to the world" These kinds of articles is exactly what we want to hear. They cannot keep the dinar weak much longer. Remember, many think it is grossly undervalued.
7-6-2015 Newshound Guru Millionday Article quote: "the advisers made a series proposals to the Prime Minister with respect to federal oil and gas law, to be completed in less than two months and sent to Parliament." THIS IS STATING THE HCL WILL BE FORMALLY OR IS EXPECTED TO BE DONE WITHIN A COUPLE MONTHS...THIS WILL REQUIRE RE-ACTIVATION OF ARTICLE 140 AS WELL...MANY LAWS ARE BEING ADDRESSED (THE IMPORTANT ONES) ---- AND THEY ARE REPORTEDLY USING THE OIL AGREEMENT NOW AND HAVE BEEN MEETING ON THE AGREEMENT MADE WITH ERBIL -- SO LOOKS AS IF THE LAW IS ALMOST DONE --- FORMALLY.
7-6-2015 Newshound Guru sczin11 Article quotes: "Central Bank praises the decision of the Federal Court declared unconstitutional additives on the Budget Law..." "Praised the Governor of the Central Bank of Iraq on the Keywords, on Monday, the Federal Supreme Court's decision to accept the appeal submitted to the bank on the budget materials..." HUGE SUPREME COURT DECISION IN FAVOR OF CBI...75 MILLION CAP, UNCONSTITUTIONAL ...I AM VERY CURIOUS TO SEE RESPONSES FROM ABADI JUBOURI ETC...TO THIS DECISION.
7-6-2015 Newshound Guru Aggiedad77 ...the Federal Court is announcing their stance on certain articles of the 2015 Budget...as we suspected they are calling them unconstitutional...especially that of Article 50...we also are seeing that the Finance Committee is attempting to regroup...
7-6-2015 Intel/Newshound Guru Poppy3 moment by moment, minute by minute we inch closer and closer. THE NEWS [GURU] MILLIONDAY CONTINUALLY BRINGS HAS AND CONTINUES TO PAINT THE PICTURE OF OUR STATUS FOR ALL OF US WHO READ EVERY WORD.
7-6-2015 Newshound Guru Millionday Article quote: "The al-Maliki trial today has become an urgent necessity..." [My question would be once the trail starts will Maliki be arrested and put behind bars?] I DONT KNOW. I KNOW HIS RESUME` LOOKS BAD. WE WILL ALL HAVE TO WATCH TO SEE WHAT THEY DO WITH HIM. [Do you think the trial will delay the MR?] NO -- THE TRIAL WILL NOT DELAY THE REFORMS -- IT WOULD NOT HAVE AN IMPACT AT THIS POINT AND WITH HIS POSITION IMO.
7-6-2015 Newshound/Intel Guru BGG [things have sure never been this exciting...] I would agree - can't say it means an immediate RV - but it is sure getting exciting...
7-6-2015 Intel/Newshound Guru tman23 As I had been saying... And now in ink, the Kurds are threatening the payments in USD... They would abandon the IQD altogether! A MAJOR THREAT for the CBI... Just another confirmation that we are in an excellent position to see change...
7-6-2015 Newshound Guru OOTW ...PARLIAMENT PUT OUT A PRESS RELEASE...THAT THEY'RE ADDRESSING THE CONTENTIOUS ISSUES ON THE NATIONAL GUARD LAW - THEY GAVE NO TIMELINE IN THE OFFICIAL PRESS RELEASE - THEY'RE WORKING ON IT. THERE'S NOTHING STATING AT THE PARLIAMENT SITE THAT I CAN SEE RIGHT NOW, THAT SAYS THEY'RE WAITING UNTIL AFTER EID TO PASS LAWS. MASSUM CAME OUT YESTERDAY AND SAID HE WAS GOING TO GIVE JOBOURI THE RIGHT TO PASS LAWS NEEDED FOR NATIONAL RECONCILIATION, INCLUDING ECONOMIC REFORM... MASSUM HAS GIVEN JOBOURI THE POWER TO PASS LAWS...
7-6-2015 Newshound Guru sczin11 PARLIAMENT OFF FOR 2 WEEKS. [ I thought parliament just got back...?] THEY DID, 4 days FOR THEM, IS A MONTHS WORK...THEY NEED TO REST NOW. IMHO, LOTS AND LOTS IS HAPPENING...MOST WE ARE NOT PRIVY TO, AND WONT BE, UNTIL IT HAPPENS...
7-6-2015 Newshound Guru wmawhite CNN...did a big piece on Maliki this morning. Tied together Maliki's failures to the rise of ISIS...and now we see more and more press about Maliki and the movement towards criminal charges tells me that europe/USA are telling the Sunni Tribal Leaders that true change is here...and there is so much more afoot...happening that is good for us.
7-6-2015 Newshound Guru Millionday Article: "Announced Rafidain Bank, announced the launch of banking cooperation with the International Foreign banks initiative." RAFIDAIN BANK HAS ANNOUNCED THEY ARE MOVING FORWARD WITH INTERNATIONAL BANKING RELATIONS -- HUGE NEWS. THIS IS AN IMPORTANT STEP PER THE FOREIGN REMITTANCE SYSTEM. [isn't internationally recognized a requirement for this?] IT COMPLETELY DEPENDS ON WHAT AGREEMENT THEY HAVE SET UP TO BEGIN -- THIS IS THE BEGINNING ACCORDING TO REPORT AND A HUGE ANNOUNCEMENT BUT THEY ARE NOT THE ONLY ONE THAT SHOULD BE MAKING THIS ANNOUNCEMENT. [Any idea as to when this is to start or has it started?] TO ENTER GLOBE -- THEY HAVE TO HAVE INTERNATIONAL EQUATION ACCORDING TO WORLD ECONOMIC LOGIC --- SO THIS IS A HUGE BEGINNING OF SOME GREAT NEWS IMO. NO DATE GIVEN. 7-5-2015 Newshound/Intel Guru BGG [Do you believe that Iraq must have a reality rate before they can get a good credit rate?] No - I do not... but I think both will happen.
7-5-2015 Newshound Guru wmawhite It is good to know that Abadi/GOI and Parliament is hearing from the rest of the financial world that these laws WILL be passed and enacted or Iraq will never be a part of the global economic community. And what did Abadi state when he last left Berlin at the World Economic Conference..."Iraq will join the World Economic Community." ...being in this investment means my bet is with Abadi.
7-5-2015 Newshound Guru tlm724 Article: "The advisers submit proposals to amend the federal oil and gas law to be completed within two months" to amend the federal oil and gas law to be completed within two months...to be completed in less than two months and sent to Parliament...well thats encouraging... the Council of Ministers completed more than 80 percent of the document the political terms of the agreement...getting closer...we all know how important this is and it's good news all around.
7-5-2015 Intel/Newshound Guru tman23 The #1 LAW on the Kurd list was the Federal Court Law. Nothing else matters unless this law is passed. What good are 'Laws' if there is not Judicial enforcement...And Maliki is the one who has orchestrated walk outs during the readings.
7-5-2015 Newshound Guru Bondlady Article: "Abdul-Mahdi announce the arrival of Iraq's production of "4.3" million barrels per day" thats awesome! and the most production ever...Very Happy.
7-5-2015 Newshound Guru tlm724 Article: "Urgent start of the parliamentary session in the presence of 235 deputies to read the general amnesty, accountability and justice laws" 4 sessions in the last 5 days! unheard of...Very Happy.
7-5-2015 Newshound Guru Stryker Aritcle Quote: "It should be attached to the mechanism of enactment of the law as a first stage administrative mechanism and executive-money laundering law, being gives confidence to the Iraqi economy and the confidence of the Transparency International organization and international organizations." These were the things that CBI Governor Ali Ismail was talking about March 3, 2015 when he said this: "This operation will be preceded by regulatory and administrative processes and the form in which it will start moving in," adding that "the Bank began creating currency models and training of cadres to it." And when he said that he was talking about this: "the project to delete the zeros is based has been put into practice and gave the green light to start with," noting that "The project needs a period of time may extend to two years or more." My point in bringing you this because these administration and regulations will be what keeps the bad guys from gaining from the new currency reform! So don't think the security and ISIS are the hold up, IMO there not!
7-5-2015 Newshound/Intel Guru BGG quite honestly - as I understand it - they are still missing a whole level of government intended to be something along the lines of our Senate. [I thought that Abadi wanted to give more power to the regions (states)?] so he says...let's see it. well - unfortunately the saying "Iraq is open for business" has come and gone...well - give the proclamation months and months and they are still in the middle of a very serious struggle.
7-5-2015 Intel/Newshound Guru Poppy3 I HAVE BEEN TOLD THEY ARE MOVING WITHOUT DELAY AS FAST AS THEY POSSIBLY CAN. THEY MUST SETTLE SO MANY DISPUTES FROM TRIBE TO TRIBE BUT ABADI IS A MASTER FROM PEOPLE I HAVE TALKED WITH AT BREAKING BARRIER AND GETTING PEOPLE TO WORK TOGETHER. HE JUST CAN ONLY BE AT SO MANY MEETINGS BUT IF YOU HAVE NOTICED AFTER EVERY DELAYED MEETING OR PUBLISHED DISPUTE WHEN HE ATTENDS THEIR NEXT MEETING THINGS GET SETTLED. HE IS PUSHING FOR COMPLETIONS OF ALL AND TO GET THE MONEY FLOWING FOR THE PEOPLE OF IRAQ AND AS POPPY3 HAS ALWAYS SAID WHEN THE PEOPLE OF IRAQ GET BLESSED WITH WHAT THEY WANT THEN WE WILL GET OURS.
7-5-2015 Newshound Guru Aggiedad77 Article: "Today the House of Representatives ratified the international conventions and discusses the insurance car accidents and the law of Islamic banks" Well kind of a ho-hum day in Parliament today [Saturday], yes there was some action but mostly be those pinch hitting it seems...the big guns were kept away from the table yet again...there was a second reading of the Islamic Bank Act...this was actually submitted by the Finance Committee... 7-4-2015 Newshound Guru OOTW ANOTHER ARTICLE CAME OUT ACCUSING MALIKI OF CRIMES OF GENOCIDE...HE'S BEING ATTACKED EVERYWHERE IN THE MEDIA. WHY NOW? BECAUSE THEY'RE ON THE HEELS OF TRYING THESE CASES. THE CORRUPTION SPREADS OUT LIKE A WEB.
7-4-2015 Newshound Guru Chattels so much of what is needed to cure what ails Iraq in the law(s) are interdependent - there is much to be done across the board to ensure the rule of law, justice and accountability.
7-4-2015 Newshound Guru Kaperoni Articles: "Rafidain Bank confirms his quest to support the national economy through cooperation with Arab and foreign banks" & "Rafidain Bank opens prospects for cooperation with Arab and international banks" This continues to be a good step in the right direction.
7-4-2015 Newshound Guru sczin11 [perhaps it is darkest before the dawn and indeed there is desperate progress being made and necessarily outside of the public eye.] THEY ARE SETTING THE STAGE TO TAKE DOWN ANY AND ALL CORRUPT OFFICIALS, PREPARING THE JUDICIAL SYSTEM TO NOT FEAR RETALIATION...IN ORDER TO ACCOMPLISH THIS, PROPER LAWS MUST BE IN PLACE SO THAT GLOBAL BACKING WILL BE PRESENT, AND INTERNAL OBJECTIONS, WILL NOT INTERFERE, WITH THE PLAN... AND THIS IS WHAT IS HAPPENING...EVERY ARTICLE THAT SOUNDS BAD FOR IRAQ, IS REALLY GREAT FOR THE PLAN.
7-4-2015 Newshound Guru OOTW MALIKI ENACTED LAWS LIKE THE ELECTRONIC TRANSFER LAW AND THE BUCHAREST CONFERENCE (LAW) WHICH REGULATES MONEY LAUNDERING (LAST YEAR AROUND JULY) SO HE COULD GET MONIES OUT OF THE COUNTRY...HE DOESN'T DO THINGS FOR THE PEOPLE. WE'RE SEEING HIS "WORK" COMING BACK TO HAUNT HIM. IT'S ONLY A MATTER OF TIME NOW. WE'RE FINALLY GOING TO SEE SOME DESERVING PEOPLE, PROSECUTED. [IYO are these legal issues a prerequisite for our mutual goal concerning the IQD? Is this one of the stability issues that Dr. S. [Shabibi] needs for complete economical reforms?] ALL I CAN SAY...IS THAT IF THE CORRUPT ARE NOT PROSECUTED, THEN HOW CAN INTEGRITY LAWS BE ENFORCED HENCEFORTH? WE HAVE A HUGE MONEY LAUNDERING ISSUE THAT'S RUNNING IRAQ RIGHT NOW. [so it is a stability issue?] IN PART YES.
7-4-2015 Newshound Guru Kaperoni Article quote: "...the Cabinet's decision to vote on the draft anti-money laundering law submitted by the central bank, which was put on according to the latest international standards and agreements and coordinate directly with the World Bank and the Financial Action Task Force and international organizations..." I don't believe I have seen it in writing in the IMF Article IV Consultations, but I would expect that such law would be a requirement also prior to acceptance to Article VIII. It has already been stated by a few, this is no slam dunk. To many corrupt Iraqis would prefer to keep stealing over the passage of this. It will be interesting to see how it is received in parliament.
7-4-2015 Newshound Guru Millionday [do we know if Baghdad had the Q Cards loaded yet?] THIS WEEK ALL ELECTRONIC EQUIPMENT WAS DELIVERED...NO NEWS ON THE CARDS BEING LOADED YET THAT I HAVE SEEN IN INK.
7-3-2015 Newshound Guru Kaperoni I will just say this when it comes to a LOP. A redenomination is a last resort, it is a sign of failed economic and monetary policy. Iraq though in tough times, has not failed. ...most of the worlds currencies float and Iraq will also when the time is right.
7-3-2015 Newshound Guru wmawhite ...do you remember all of those "trade agreements" that Iraq has been signing over the past couple of years? Those trade agreements are with countries...and those countries are similar to customers to Iraq and Iraq is similar to a customer to those countries. So think...trade...with over twenty (20) different countries that have different currencies. When Iraq introduces the IQD to the world currencies markets, these are some of the first countries that will start conducting international commerce with Iraq and the Iraqi Dinar.
7-3-2015 Newshound Guru Millionday [Have you found anything on the credit rating for Iraq on July 7th AND do you have to have a revalue IYO before the credit rating?] ...ALL I FOUND WAS A MEETING ON THE 7TH. I DONT THINK THEY HAVE TO REVALUE BEFORE THE CREDIT RATING BUT I WOULD THINK THE REFORM PLANS AND REVENUE EXPECTATIONS ETC WOULD BE RELEASED FOR THE RATING THOUGH OR AT LEAST THE SCHEDULE TO PAY ALL DEBTS.
7-3-2015 Intel Guru Frank26 [Is Iraq's credit rating still a go for July 7th?] iMO...They have it...We public Joe does not yet. Based on BONDS INTEL. We see international not domestic bonds. [I think EID would be a great time for the Iraqi citizens to receive their share of the oil revenue!] Was asked Monday if i feel 2015 is our year. Don't know...But do know this is the FIRST time we see the HCL in its full statuesque form on the operating table...THE FIRST YEAR EVER!
7-3-2015 Newshound/Intel Guru BGG it is my strong belief something has to happen soon - there is a lot of stuff going on over the next 10 days or so... the 50 class note, Maliki, trials, $$ shortages - very, very exciting times. ...they may be forced into some kind of currency reform - whereas before it was more a "planned event"... exciting times. ...do I care what the number?? or exactly when?? No - just get things going already!!
7-3-2015 Newshound Guru Chattels Article quote: "Iraq's autonomous Kurdistan Regional Government (KRG) is backing away from its troubled oil export and revenue sharing agreement with Baghdad, by allocating much more of its oil production to autonomous sales and seeking to renegotiate its fiscal relationship with Baghdad." CONTRARY TO CERTAIN COMMENTARIES...THE KURDS HAVE NOT BEEN AND ARE NOT HAPPY...
7-3-2015 Newshound/Intel Guru BGG now for the good news - they have regained their senses and restarted the auctions...which - in the short term - is better for everyone. Using USD to attract IQD on the cheap is a good way to go.
7-3-2015 Newshound Guru Aggiedad77 Article "Parliament's legal (et): next week will hold consultations between the three blocs to pass important laws" This is a sign of some positive action that could be coming up next week within Parliament....plans by the Legal Committee to get a couple of these more important laws pushed to the forefront of the Parliament agenda hopefully....the National Guard Law, the Federal Court Law, and the Law of Parties....apparently these are close to a vote and are believed to be doable in the very near future.
7-3-2015 Newshound Guru Kaperoni One thing is for sure, if oil revenues remain low, they cannot afford to liberalize the foreign exchange selling dollars for a continued period, the auctions are getting too big... The end result will be more patchwork and tricks. I know many ask the question..why don't they simply raise the value or begin currency reform as a solution? The answer is simple...Iraq is not ready yet...they need to pass laws, stabilize the environment, bring investment and investors, to create an environment that allows the dinar to rise as a means to offset inflationary pressure created by the transition to a market economy. This all works together, and for the success of the currency, the stage has to be set. As Dr. Bakri said, Article VIII will come after the reform...which puts even more pressure on Iraq to get this done since Article VIII is also very necessary to allow freedom of movement of capital (convertibility worldwide). 7-2-2015 Newshound Guru Stryker It sure looks like a new 50,000 dinar note will be introduced this month to the existing 3 zero categories. Not what we want to see but it is what it is, and this process is a very time concerning and the timing in launching it is vital to it's success. In other news the Central Bank is calling for parliament to speed up the Anti-Money Laundering Law so they can recover all the looted funds that have been removed and frozen all over the world. Also, the CBI is just waiting on Iraq's credit rating to come out so they can launch the offering of international bonds. In the meantime the domestic bonds will be launched this month if all goes well. Things may not seem to be going well but they are, success takes time...
7-2-2015 Newshound Guru Aggiedad77 Article "Interior announces the arrival of the first shipments of crude national card" Are we being provided with hints of the HCL to come...are these cards the precursor of how the citizens portion will be loaded and provided to them in an automatic and "e" function type of manner...wouldn't that just be the icing on the cake, maybe the cherry atop the ice cream...keep an eye on this process and see what it brings to the Iraqis.
7-2-2015 Intel/Newshound Guru tman23 [I want to know who "Keywords is"! They NEVER give a name...only KEYWORDS?] Governor of the CBI is "Keywords"... Minister of Oil is "Keywords"... Minister of Electricity is "Keywords"... The HIGHEST in office is the "Keyword"...everyone else speaking below them is not considered "Key"... Still confused? The person who has the authority is 'Keyword". Think of "Keywords" being replaced by "official statement".
7-2-2015 Newshound Guru Millionday Article quote: "...the adoption of the Council of Ministers to the law of money laundering will give a global trust for private banks..." THE COUNCIL APPROVED...THE LAW OF MONEY LAUNDERING --- THIS ADS CONFIDENCE IN THEIR BANKING INDUSTRY GLOBALLY AND WILL KEEP THEM OFF THE INTERNATIONAL "BLACK LIST". SO THE PASSING OF THIS IN THIS PARLIAMENT SESSION OF COURSE WILL BE GREAT NEWS AND HELP IRAQ IN THE GROWTH OF NOT ONLY THEIR BUSINESS BUT ALSO WILL GIVE WORLD CONFIDENCE.
7-2-2015 Newshound/Intel Guru BGG [now they are talking about the laws that need to get passed and just last week they were talking about the three presidents getting together and passing them by themself, what happened to that idea?] there is plenty of reference to the 3 presidents getting together... this is no secret. They are even talking about cooperation to advance various "laws"... what may be in question is exactly how they intend to do this - AND keep in mind, this is Iraq, it might not be completely out of the question they resort to some "extra-constitutional" method - especially if agreed to by a majority. However, having said as much I have been plain for a long time - we don't need an HCL (they have one) and we don't technically need more laws...IMHO will the 3 presidents concoct some form of a "parliament over-ride" - I highly doubt it... will they come to some mutual agreement - more than likely. The bigger issue - they had better do it quickly. Iraq is plainly headed to a dire state of austerity.
7-2-2015 Newshound Guru Kaperoni IMO, Currency reform needs to happen as soon as possible. Then they can comply with the IMF and get into Article VIII so the dinar is convertible.
7-2-2015 Newshound Guru My Ladies [...if Iraq gets credit rating on July 7th does that not mean simultaneous international rate?] WELL...HERE'S THE THING...IF IRAQ GETS A CREDIT RATING FROM THE MAJOR REPORTING AGENCIES WITH OUT HAVING A CURRENCY THEY WILL BE THE FIRST I HISTORY TO DO SO. NOW THIS WEEK WE ARE WATCHING AN AWFUL LOT OF FIRSTS...I JUST HOPE THAT IS NOT ONE OF THEM.
7-2-2015 Newshound Guru Enorrste Having said that, however, I believe that the CBI may have some other cards up their sleeves, although not many. A lot is riding on the large note introduction. It is essential in the mind of the CBI that the downward pressure caused by dollarization in Iraq be stopped, at least, before a change in the exchange rate regime is initiated. ...Allaq's statements indicates that he may believe that he can still stabilize the dinar's value through the auctions, as was done before. Once the currency value is stabilized then, in theory, they could move to a float. But the real desire, in my view, is to put upward pressure on the dinar, and the "hope" is that the introduction of the large notes will start that process away from the dollar. In the end, as KAP [Guru Kaperoni] has said many times, only investment within Iraq will ultimately provide the upward pressure that will significantly raise the dinar value. But at this point they have to stop the "bleeding" of the downward spiral in the dinar and the "running away" from it in favor of the dollar. It is a tricky time. [post 2 of 2]
7-2-2015 Newshound Guru Enorrste The plan, as I understand it, is to issue the large 50000 and 100000 notes in order to do two things: reduce the demand for the dollar within Iraq and allow for a reduction in the money supply. If the first does not happen, then the second cannot happen. Without a reduction in the money supply the value of the dinar will not rise. Actually, to put it more accurately, unless there is upward pressure on the dinar value the money supply cannot be reduced. Therefore, if the introduction of the large notes does not stem the demand for dollars then there will be no way to wean the country off of dollars and back to the dinar. Without more upward pressure on the dinar, the longer term plan is in jeopardy. [post 1 of 2....stay tuned]
7-2-2015 Newshound Guru Millionday TWENTY LAWS ARE SITTING WAITING FOR PARLIAMENT TO PASS RIGHT NOW -- REPORTEDLY THEY WILL ADDRESS THE MOST IMPORTANT LAWS FIRST... PARLIAMENT HAS STATED THAT THEY ARE PREPARED SERIOUSLY TO PASS THESE LAWS. FINALLY A PREPARED HCL IS IN PARLIAMENT AND THE AMENDMENTS COMPLETE. THEY HAVE STATED IN A FEW REPORTS THAT IF THE LAWS ARE CONSTITUTIONALLY SOUND THEY ARE GOING BE PASSED. MANY LAWS ARE SITTING SO ALL CAN BE PUT IN PLACE AT THE SAME TIME.
7-2-2015 Intel/Newshound Guru Poppy3 STANDING ON NEW RATE THIS MONTH...JUDGING FROM THEIR WORDS AND ACTIONS WE ARE LOOKING VERY GOOD THIS MONTH.
7-2-2015 Intel/Newshound Guru tman23 In 2011, Dr. Essawi (Finance Minister) and Dr. Shabibi drafted a Letter of Intent to the IMF... In this letter they described the policies to be initiated in which the major focal point was meters being installed at all oil production and export stations...This was near completion at the time of the LOI as stated in the letter...The Kurd region agreed to the monitoring meters in February 2014...The meters began "LIVE" reporting January 2015... The IMF regarding currency policy changes and revaluing... The IMF states; Specific laws DO NOT need to be in place... as long as they are in the process... That said; The CoM has drafted the laws...The Minister of Justice has reviewed and published them in 3 languages...The CoM has sent them to Jabouri and he has introduced them in Parliament... By IMF standards...The laws being in Parliament and in progress is good enough for a rate change... The oil meters are in place...electronically read!
7-2-2015 Newshound Guru Millionday TODAY IS FIRST DAY OF PARLIAMENT SESSION. THE IMPORTANT LAWS THAT COULD NOT BE AGREED ON ARE BEING PASSED THROUGH BY EXECUTIVE ORDER (THREE PRESIDENTS) ACCORDING TO REPORTS AND PARLIAMENT IS WORKING ON THE REST THIS WEEK. THE INVESTMENT LAWS WERE AGREED ON SO PARLIAMENT IS EXPECTED ACCORDING TO REPORTS TO FINISH THEM TO LAW. THE AMENDMENTS THAT WERE DONE WERE TO ATTRACT AS MANY INVESTORS AS THEY COULD. 7-1-2015 Newshound Guru tlm724 Article: "Abadi adviser: financial crisis a lesson for Iraq for the advancement of its economy and diversify sources of income" Saleh said Tuesday that the government is seeking to diversify the investment of oil revenues to develop some types of manufacturing, agricultural and service sectors. "Iraq is heading to the manufacturing, agriculture and services produced and not rely on oil." that would be a free market economy.
7-1-2015 Newshound Guru Chattels [so basically the 3 presidents don't need to wait on parliament to vote the laws through?] [THEY HAVE THE RIGHT TO USE EXECUTIVE ORDER FOR THE GOOD OF THE COUNTRY.] WHAT! EXECUTIVE ORDER? THE THREE PRESIDENTS, INDIVIDUALLY OR IN CONCERT, HAVE NO CONSTITUTIONAL POWER TO ENACT LAWS. CONSTITUTIONALLY, LAWS ARE ENACTED BY PARLIAMENT ALONE. PERIOD. END OF STORY. I FIND NO CONSTITUTIONAL BASIS FOR TRUNCATION OF SUCH PROCEDURES... THERE IS NO " FAST TRACK " FOR LEGISLATION...
7-1-2015 Newshound Guru Enorrste Article: "Parliamentary economy reveal the 50 thousand dinars coin put into the market this month" This is great news. It confirms my analysis, on the one hand, including the fact that they are moving forward more quickly. But it also puts to death the talk of a 50000 note marked 50 dinars, which will not occur until the value increases significantly. If we are lucky the 50000 note will become more attractive to the locals and the demand for the dollar will be assuaged. To the extent that this happens I predict that the 100000 note will be stepped up to no later than the 3rd quarter of this year. If, on the other hand, the 50000 note does not lower demand for the dollar, then all bets are off.
7-1-2015 Newshound Guru sczin11 LIKE MOST EVERYTHING ELSE WE READ, THE NEWS HAS HAPPENED, PAST TENSE...SO THE QUESTION REMAINS, WHY RELEASE THIS NOW? MORE DIVERSION FOR SOMETHING BIGGER TO HAPPEN OR BE RELEASED, THAT SEEMS TO BE LOOMING IN THE LIMELIGHT...SOMETHING IS HAPPENING...OH AND WAIT...DR. SINAN AL SHABIBI, SPEAKS AFTER SIX MONTHS OF SILENCE, SINCE HIS ACQUITTAL! HAVE WE HEARD ANYTHING FROM THE BANKS IN MOSUL SINCE JUNE 10, 2014, OTHER THAN ROBBED, CLOSED DOWN, CONTROLLED BY ISIS, ISIS MONEY BEING USED...AND TODAY WE HEAR FROM THE BANK OF JORDAN, REFERRING TO INTERVIEW OVER A MONTH AGO.... WHY MY FRIENDS???
[post 2 of 2]
7-1-2015 Newshound Guru sczin11 JORDAN BANK IN MOSUL STATES BUSINESS AS USUAL...MULTIPLE RELEASES AND VIDEO INTERVIEWS, THAT BANKS ARE OPERATING IN MOSUL, LIKE NORMAL! ...WHY IS THIS SUCH IMPORTANT INFORMATION? MANY HAVE CLAIMED NO potential change in value UNTIL ISIS OUT OF MOSUL...MANY HAVE STATED EITHER MOSUL BANKS WERE CLOSED OR RUN BY ISIS...MANY HAVE STATED WHY WOULD CBI potential change in value AND GIVE ALL THAT MONEY TO ISIS SINCE MOSUL IS RUN BY THEM...MANY HAVE STATED ISIS IN SUCH CONTROL OF THE COUNTRY THAT MR CAN NOT BE COMPLETED...WE HAVE HEARD REPORTS OVER LAST MONTH THAT MOSUL WOULD BE, IS, OR WILL BE LIBERATED SHORTLY...HEARING AND READING ALL THESE RELEASES, IS CONFIRMATION TO ME, THAT ISIS IS NOT HINDERING THE COMPLETION OF THE MONETARY REFORM, AGAIN, JMHO... [post 1 of 2....stay tuned]
7-1-2015 Intel Guru Mnt. Goat So Ramadan is now in progress... Ramadan continues to July 17th in Iraq and it will have little impact as to whether the RV happens or not. Two other events having little to no impact on the RV are the Iranian nuclear negotiations and the Greece bailout. So it has been many weeks already since the MASTERCARD implementation has taken place for Iraq. Many are using the cards abroad for spending but still NO RV. I have told you there would be NO IMPACT on the RV. If you are now going to ask me for a laundry list of exactly what must be done in order to complete the RV requirements I am sorry to disappoint you. There is no such list. No one is monitoring these events in relation to bringing back their currency online and completing Article 8 of the UN charter. Instead it is all about a satisfactory level of needed security and stability in Iraq. The RV will just happen and be a byproduct.
7-1-2015 Newshound Guru Kaperoni Article: "Parliamentary economy reveal the 50 thousand dinars coin put into the market this month" Looks to me they are speeding up the implementation. I remember [Guru] Enorrste on several occasions also stating he thought they would implement it sooner than later.
7-1-2015 Newshound Guru tlm724 Article quote: "noting that" the World Bank warned of the repercussions of the washing process taking place in Iraq, and the failure of the extremely dangerous." they have been warned and how! it is about to bite them in the butt unless they take quick action! ...it's in everyones best interest, the IMF, World Bank and UN to ensure Iraq follows the rules, that is why this is like a kick in the rear to motivate them to take corrective action NOW! It's truly a do or die situation and it only furthers our cause. they MUST pass the Islamic Banking Law and amend the anti-money laundering law and the banking law period! They are a separate entities from the budget! And remember the Governor of the CBI meet with Jubouri last week and said we must have these laws done! They have a 3 month window for compliance and we do not know when that window began!
7-1-2015 Intel/Newshound Guru tman23 Not only is Iraq in a monetary mess and seeking bailouts... Take note that Greece has an issue that carries over to the Euro and the condition of Europe as a whole...The world economies are defaulting...... The POINT IS...Japan and other such countries can not afford to continue to loan Iraq 1 billion dollars...They can not afford to keep supporting war efforts at a cost of 10 million per day to the US and have no action on Iraq's part... There was more then one reason for June being the "end of the road"... See the news!! If IQD is what we speculate it to be... WE ARE IN A GOOD SPOT!
7-1-2015 Newshound Guru Kaperoni Article quote: "The Iraqi government is planning to issue a total of USD 11 billion in domestic and international bonds in the next two months to cover the state budget deficit, the acting central bank governor said." Looks like all the bonds are issued in dollars. We will have to see if anyone is interested.
7-1-2015 Intel Guru Frank26 Try not to predict ...Anticipate nor guesstimate anything in this MR. Simply carefully analyze and comprehend what Is Given.
7-1-2015 Newshound Guru Millionday Article quote: "According to an Interior Ministry statement he received "eye Iraq News," that the meeting discuss the mechanics and the stages of completion and the progress of work in the card project, which will hopefully soon after its launch created a cadre of national card Affairs final preparations for it." THIS IS ABOUT THE MASTER CARD -- IT IS TALKING ABOUT THE FINAL PREPARATIONS FOR ITS COMPLETION. THEY USED THE CARD IN TESTING AND IT WORKED INTERNATIONALLY. THEY HAVE THE FIRST ARRIVAL OF THE EQUIPMENT TO USE THE NATIONAL CARDS IN IRAQ BUSINESSES AND ALSO TO TRAIN...THIS IS GREAT NEWS.
7-1-2015 Newshound Guru OOTW I WANT TO SEE HOW GLOBAL ECONOMIC ISSUES PLAY OUT - ALTHOUGH I THINK KEYWORDS IS NOT DOING A GOOD JOB, I'VE NO DOUBT THAT THE PEOPLE OVERSEEING THIS IN IRAQ ARE GOING TO BE WATCHING THE STATE OF GLOBAL WEALTH. NO COUNTRY IS AN ISLAND, ESPECIALLY IN TODAY'S ECONOMIC CONDITION/S. ...I WANT TO SEE THE ACTUAL PRIVATE SECTOR LAUNCHED - WHICH WE'RE VERY CLOSE TO SEEING. I DON'T MAKE PREDICTIONS..I JUST WATCH AND REPORT...THERE'S MANY STEPS NEEDED, AND EACH OF THOSE STEPS, CONNECTS TO ANOTHER SET OF STEPS..BUT WE ARE GETTING THERE, SLOWLY BUT SURELY.
7-1-2015 Newshound Guru Chattels [I could sure use some of the dinar at a 1 - 1 right now...NOW I want date and amount.] 1:1 would be a historic revaluation...10 cents would be a great return. Godspeed the completion of the Iraqi banking sector reform project.
7-1-2015 Intel/Newshound Guru Poppy3 I AM EXPECTING THE RATE CHANGE BEFORE THE END OF THIS MONTH...MEANING JULY... JUST JUDGING FROM...ACTIONS WE ARE SEEING ON WHAT THEY HAVE BEEN SAYING. ...IF THEY CONTINUE WITH ACTIONS AS THEY HAVE BEEN THE POSSIBILITIES LOOK PROMISING IN THIS NEXT 30 DAYS.
7-1-2015 Newshound Guru firefly Stop looking for a date. WATCH what they are doing. Things are HOT, HOT, HOT.
7-1-2015 Newshound Guru Millionday Article quote: "The leader of the Iraqi National Alliance that «Abadi has long complained of Maliki interventions and influence in the government and in the security file being Maliki still has influence in the security services..." [... so M is out, if so does this open the doors for the 3 pres. to get things a moving?] ACTUALLY THEY ARE MEETING THIS WEEK TO USE THEIR EXECUTIVE POWERS TO MOVE FORWARD THE IMPORTANT LAWS THAT HAVE BEEN POLITICALLY STALLED
7-1-2015 Newshound Guru tlm724 Article: "Prime Minister Dr. Haidar al-Abbadi heads the regular session of the Council of Ministers" The Council of Ministers approved a draft anti-money laundering law...now we're talking. this along with the second reading of the Islamic Banking Law on the 2nd makes me very happy!
6-30-2015 Newshound Guru Millionday Article quote: "Topped the economic headlines of newspapers on Monday, calls for legislation Islamic banking law and the achievement of the Islamic National Bank..." THE CALL FOR LEGISLATION FOR THE ISLAMIC BANKING WE KNEW WAS DECIDED UPON ACCORDING TO REPORTS RELEASED/PRESS STATEMENTS. THE LEGISLATION WAS CALLED FOR YESTERDAY TO BE OUT IN PLACE SO THEY CAN MOVE FORWARD WITH THE TRANSITION OF A MARKET ECONOMY WHICH IS CALLED FOR IN THEIR CONSTITUTION. THIS SURE LOOKS AS IF EVERYONE IS WORKING EVERYWHERE -- VERY EXCITING. THE NEXT PARLIAMENT SESSION BEGINS WED.
6-30-2015 Newshound Guru OOTW [Is the HCL included on the agenda for July 1st and 2nd?] I'M NOT ONE OF THOSE WHO THINK WE HAVE TO SEE HCL IN ORDER TO "R---V".
6-30-2015 Newshound Guru Aggiedad77 Article "Twenty legally bag in front of the parliament in the second legislative year" New legislative year opening up...but some old laws still are laying on the table....National Guard Law, Amnesty Law, Political Parties Law, Investment Law amendments, and the granddaddy...oil and gas law...where will they all end up in the shuffle of things...the roulette table turns and turns.
6-30-2015 Newshound Guru tlm724 "The agenda of the [Parliament] session number (2) Thursday 2 July 2015: Sixth: The second reading of the draft Islamic Banking Act. ( Finance Committee , the Committee of Religious Endowments and Religious Affairs , the Legal Committee ), (16 articles)." so we have the second reading of the Islamic Banking Act and meetings back to back! one session on the 1st and one on the 2nd. *hallelujah*.
6-30-2015 Newshound Guru Aggiedad77 The news is full of good information IMO...economic recovery action, word of IMF loans, bonds both domestic and international...that has to mean a decent credit rating in the works I would think... strong work by the COM on a draft money-laundering law...turn this loose on Parliament ASAP.
6-30-2015 Newshound Guru OOTW [GURU] SCZIN FOUND AN ARTICLE STATING THAT TOMORROW'S SESSION WAS GOING TO BE TO DISCUSS DRAFT LAWS AND WOULD HOLD NO VOTING. WE'LL HAVE TO WAIT AND SEE IF THAT PROVES TRUE, BUT AT LEAST THEY'RE GOING TO DISCUSS THE LAWS. PERHAPS THE ARTICLE ...STATING THAT THE "TRANSACTIONS FROM HOME" PROJECT HAS BEEN SLIGHTLY DELAYED IS IN PART DUE TO THE FACT THAT ISLAMIC BANKING ACT NEEDS TO BE PASSED SO THEY CAN PERFORM CURRENCY TRANSACTIONS UNDER THIS LAW - I CAN'T SEE HOW THEY CAN WITHOUT THE ISLAMIC BANKING ACT...WE'LL SEE. I THINK THE FACT WE'RE SEEING THIS ON THE AGENDA FOR THIS WEEK IS A VERY GOOD SIGN THAT THEY ARE MOVING AHEAD WITH ECONOMIC REFORM - THEY HAVE TO HAVE BANKING PROTECTIONS IN PLACE... IT'S ALL VERY GOOD...THIS IS THE KIND OF THINGS WE WANT TO SEE NOW.
6-30-2015 Newshound Guru Millionday Article Quote: "House Speaker Salim al-Jubouri detect the resumption of the three presidencies meeting next week...the meeting will engage the head of the Supreme Judicial Council to turn the meeting the name of the three presidencies to the three powers', adding that' meeting will focus on finding consensus on certain paragraphs of broken laws because of political differences." THE THREE PRESIDENTS HAVE THAT RIGHT -- SO THEY WILL BE ADDRESSING THE IMPORTANT LAWS THIS WEEK...THEY CAN PUSH THEM THROUGH...THIS IS GREAT NEWS. [so basically the 3 presidents don't need to wait on parliament to vote the laws through?] THEY HAVE THE RIGHT TO USE EXECUTIVE ORDER FOR THE GOOD OF THE COUNTRY.
6-30-2015 Intel Guru Frank26 [...info about the BONDS was exciting because I know if they are selling them with a new rate it won't be long before they will have to show the world.] The intel...The logic of The Bonds is re-assuring about DRS [Dr. Shabibi] MR [Monetary Reform] in progress. DRS is showing a commitment for July to show us many congruent steps. The Lava Flow is a long train running. The Bonds are a car of this train. Very close to...The Caboose.
6-30-2015 Newshound Guru Millionday Article quote: "Center Brief published import and export text instructions, approved by the Committee on Economic Affairs in the Council of Ministers." IT IS THE ORDERS AND FORMAL INSTRUCTIONS FOR IMPORT/EXPORT FOR IRAQ -- IN OTHER WORDS --- GLOBAL TRADE. CBI SAYS THEY HAVE ALL MONEY READY AND ABADI HAS CALLED FOR ALL LEGISLATION TO BE PUT IN PLACE TO GO TO A MARKET ECONOMY IN INK. IMHO --- WE ARE CLOSE. 6-29-2015 Newshound Guru OOTW MALIKI'S DOING HIS BEST TO START SECTARIAN INFIGHTING NOT ONLY IN PARLIAMENT BUT IN THE COUNTRY... DISTRACTION FROM TRIAL...I REALLY THINK THEY HAVE TO ALLOW ANY OFFICIAL TRIAL OF MALIKI TO THE OVERSIGHTS OF THE INTERNATIONAL CRIMINAL COURT BECAUSE ANY MALIKI FOLLOWERS IN GOVT MAY TRY TO INCITE SECTARIAN VIOLENCE...THIS IS GETTING HOT HOT HOT.
6-29-2015 Intel/Newshound Poppy3 INFORMATION IS TELLING US ALL THAT LIGHTNING IS ABOUT TO STRIKE. ABADI PROMISED PEOPLE WOULD START GETTING PAID AND TO JUST BEAR WITH HIM AND THE ADMINISTRATION TILL JUNE AND THINGS WOULD GREATLY IMPROVE. MORE BUYING POWER AND THE PEOPLE ESPECIALLY THE WIDOW AND WAR VETERANS THAT HAVE SACRIFICED. IN COMPLETING THESE OBLIGATION HE HAS TO COMPLETE REFORM AND THAT IS WHAT WILL GET US PAID AS WELL. ALL ARE GOING TO BENEFIT FROM THEIR EFFORTS SINCE HE HAS TAKEN OFFICE. BIG CHANGES ARE TAKING PLACE AS THE NEWS TELLS US. IF YOUR NOT EXCITED AND ON FIRE THEN YOUR WOOD MUST BE WET.
6-29-2015 Intel Guru Hub [I will say this, up until 2010 Banks were selling the Dinar. Then out of nowhere they stopped and called it a scam. Interesting change of events...hmmmmmm.] the truth is it can not be a scam, it is Iraqi currency, it could be a fraud, but the whole of Iraq depends on this currency to operate their economy at some point, sooner than later.
6-29-2015 Newshound Guru Millionday Article quote: "Dr. Sadeq al-Shammari during the annual meeting of the Islamic National Bank Islamic banks...noting that the bank was able to raise its capital to 251 billion dinars based on the directives of the Central Bank of Iraq." IRAQ IS WORKING ON PLACING LEGISLATION THAT COMPLIMENTS THEIR PLANS OF REFORM...THIS IS THE MOVE TO THE ISLAMIC BANKING LAWS...INTERNATIONAL BANKING WILL BE THE ENTIRE CONCEPT OBVIOUSLY. THIS IS THE MEETING AND THE PLAN -- NOW THEY HAVE CALLED FOR ALL OF THE LEGISLATION TO MOVE FORWARD WITH REFORMS. ALL REFORMS COMPLIMENT EACH OTHER SO ALL REFORMS WILL HAVE TO BE DONE AT ONCE. [if international banking is utilized would they have to have an international recognized currency?] THEY WOULD HAVE TO BE RECOGNIZED INTERNATIONALLY. [Sure smells of Basel 3 compliance to me!] I AGREE.
6-29-2015 Intel Guru Hub think of this, when Iraq opens all the construction, military, and other contracts they have in place, can they do it at 1166 figure. NO, their currency is not a tradable internationally accepted money at this time. Can you deal in dinar, no, we bought it through currency brokers, bankers, etc. but try to use it. you cant even take it to the bank and do anything with it. what does it need to go international? a value and to be recognized by the world. so all that to say this...i think all these articles and specially the two or three that say they need to value their money means we are right there.
6-29-2015 Newshound/Intel Guru BGG in fact, you can pretty much figure out how much they are taking off the streets by checking the numbers – and project it out a few days/weeks – they can pull TRILLIONS of Dinar out of circulation. That is a BIG MOVE. I have insisted (for a long time) Iraq had no more than 40 Trillion (EVER) in circulation. They have recently admitted as much… but if they were able to extract 10 Trillion over some short period of time – it could make a big difference – in fact, I doubt they have 25 Trillion surviving and in circulation. [post 2 of 2]
6-29-2015 Newshound/Intel Guru BGG [can you explain why the auctions are so important now? why the high sales numbers have significance?] a number of ways – a number of times – they have tried to come up with a method to take as much of the 000 notes off the streets PRIOR to a shift in value… Obviously – to make it cheaper in the long run (for the CBI)…each time – only to be thwarted by some political agenda not common to ours (and the people). [so this is the CBI allowing these high volumes? to try to correct the situation?] recently - we have speculated – these large auctions are doing two things…1) helping to stabilize the current exchange rate…2) extracting the big notes out of circulation using USD to do it (instead of more expensive “post-RV” currency)… and there may be a significant side-benefit (removing some big notes)… [post 1 of 2....stay tuned]
6-29-2015 Newshound Guru OOTW [IF TARRIFS ROLE OUT AUG 1, DOESNT IRAQ NEED A RATE BETTER THAN 1166?] ALL I CAN SAY IS THAT IN THE "50/100K" ARTICLES QUOTING SALEH, HE SAID THAT THE RESERVES SUPPORT A "DOUBLE" ING OF VALUE OF THE DINAR..THE RESERVES SUPPORT THIS TWICE OVER...AND HE SAID THAT WE WOULD SEE THE VALUE OF THE DINAR "DOUBLE" TO OFF SET THE TARIFFS...WHAT REALLY WILL HAPPEN, I DONT KNOW. WE DON'T KNOW FOR SURE WHEN SALEH SAYS WE HAVE DOUBLE THE RESERVES TO BACK THE CURRENCY HOW / IF THAT WILL APPLY TO A RATE...
6-28-2015 Intel/Newshound Guru Poppy3 FOR THOSE WHOM DONT UNDERSTAND THE DIFFERENCE BETWEEN BEING BROKE OR BEING OUT OF MONEY. OUT OF OPERATIONAL MONEY IS IRAQ'S DESPERATION THEY ARE OUT OF OPERATIONAL CAPITAL ( CASH FLOW PROBLEM ) DOESNT MEAN THEY ARE BROKE WHEN IN FACT THEY ARE AND MAY BE THE RICHEST COUNTRY IN THE WORLD. ESPECIALLY FOR THEIR SIZE BUT THEY HAVE ASSETS TO BURN AND BELIEVE ME IN THEIR SITUATION TODAY THEY ARE BURNING MILLIONS A DAY WHILE TRYING TO COMPLETE ALL THE REQUIREMENTS THEY MUST MEET BEFORE THEY CAN GO GLOBAL. WHEN THEY COMPLETE THEIR REQUIREMENT LAID OUT BY THE IMF, WORLD BANK, UNITED NATIONS I ASSURE YOU WE WILL IMMEDIATELY WILL SEE A RATE.
6-28-2015 Intel/Newshound Guru Poppy3 GREECE NOT HOLDING ANYTHING IN IRAQ UP PERIOD...
6-28-2015 Newshound Gurus OOTW and sczin11 ANNOUNCEMENT TO THE WORLD... Abadi Office: "Start your transaction from your house," the first step for electronic governance JUNE 28 2015..." THEY GOING TO START ALL BANKING TRANSACTIONS, AS WELL AS GOVT COMMUNICATIONS (FOR THE CITIZENS) DIGITALLY, ELECTRONICALLY... THIS IS FOR ALL TRANSACTIONS INCLUDING PENSIONS, BUYING GOODS, EVERYTHING. THIS TIES IN WITH THE UN VISIT TO SET UP THEIR DIGITAL BANKING SYSTEMS. THEY DONT NEED THE UN TO HELP THEM UNLESS THIS IS GOING TO WORK ACROSS BORDERS. THEY WOULDN'T NEED THIS ONLY IN IRAQ...THEY LAUNCHING THE PRIVATE SECTOR AND THAT SUPPORTS THE CURRENCY WITH SOMETHING OTHER THAN OIL. I KEEP HARPING ON THE PRIVATE SECTOR BECAUSE ITS' KEY. THE PRIVATE SECTOR , THE KEY TO ANY NATIONS ER AND MR [ECONOMIC REFORM AND MONETARY REFORM], HAS BEEN LAUNCHED...PERIOD! [post 2 of 2]
6-28-2015 Newshound Gurus OOTW and sczin11 RIGHT NOW IRAQ HAS ACTIVATED THEIR PRIVATE SECTOR DEVELOPMENT AND AT THE FOREFRONT OF THIS IS IMPORTING AND EXPORTING REGULATIONS. ...THEY NEED TO CREATE JOBS AND HAVE THEIR OWN GOODS TO SELL TO IRAQI'S TO BOOST ECONOMIC DEVELOPMENT WHICH WILL FURTHER SUPPORT THE VALUE OF THEIR CURRENCY, IE STOCK IN IRAQ – REMEMBER CURRENCY = STOCK IN A COUNTRY. NOW LOOK AT THIS... [post 1 of 2....stay tuned]
6-28-2015 Newshound/Intel Guru BGG [If I were an Iraq citizen and my neighbor Kuwait was rich because their currency was at 4 and mine was at 1166, I would be throwing a fit by now. Cant the people and government see the huge disparity between the 2 countries and do they not realize the problem.] ...there was word getting out of Baghdad over the last couple of weeks about demonstrations brewing over the exchange rate of the Dinar...they have been following this as we have. Maybe not as close - expecting something to happen...they are getting restless - in fact, this recent "weakening" of the Dinar nearly got something going Abadi couldn't handle...
6-28-2015 Intel Guru Already Blessed [new guru] [We definitely don't know for sure if the Greece situation affects in anyway the RV...] OUR INFORMATION IS THAT GREECE IS DEFINITELY AFFECTING THE RV BEING RELEASED TO THE PUBLIC AS IT WOULD BE A FIASCO IF GREECE DEFAULTS AT THE SAME TIME. I DON'T KNOW THE PLAN FOR RV IF GREECE DEFAULTS.
6-28-2015 Newshound Guru Enorrste [You... have spoken before about how large investors will possibly get on board once they see it beginning to trend. So do we picture them as providing the momentum to keep it pushing higher?] I personally believe that once the exchange rate regime is changed to a free float mechanism that there will be significant interest from the financial community in the dinar. At this point it is not tradable on Forex or any other electronic media. But once it becomes internationally tradable then speculators will begin to look at it . When they do so they will see that the reserves of Iraq are huge in relation to the value of the money supply. Then, just as they would buy up an undervalued stock, they will begin to buy up an undervalued currency. One thing will lead to another as the ticker begins to move upward, and interest will grow and grow until it overwhelms the system. That is how I see it.
6-28-2015 Newshound Guru Millionday JULY 1ST -- FIRST SESSION FOR IMPORTANT LAW -- IMF MEETING ON IRAQ`S MONEY---JULY IS THE HUGE HUGE SHOPPING INTERNATIONAL MEETING -- HUGE [Do you still think they have a date they are committed to to get this done?] I THINK THEY HAVE HAD A DATE FOR THE WHOLE TIME -- WE JUST DONT KNOW WHAT IT IS SO WE WATCH WHAT THEY DO IN INK...WHO MAKES A PLAN OF CHANGE LIKE THIS WITH NO DATE?
6-28-2015 Newshound Guru My Ladies I WANT TO BE CLEAR THAT WE ARE IN NO WAY DRAWING A STRAIGHT LINE FROM GREECE OR IRAN TO IRAQ AND THE DINAR. WE DO NOT THINK THAT GREECE OR IRAN IS HOLDING UP THE TRADING OF THE DINAR. WE KNOW THAT A NEW BANKING SYSTEM IS COMING IN, WE KNOW THAT THE SDR MODEL IS COMING TO PASS, AND WE KNOW THAT WITH ALL THE CHANGES THAT ARE HAPPENING THAT IRAQ WILL HAVE TO CHANGE TOO. IRAQ WILL BE REACTIONARY TO THE ENTIRE BANKING SYSTEM AND IMF MONETARY REFORMS. AND THEY WILL REACT REGARDLESS OF WHAT IS GOING ON IN THE COUNTRY WHEN THE TIME COMES.
6-28-2015 Newshound Guru Aggiedad77 Article: "Economic adviser to the servants, the central bank must find a realistic price for the price of the dinar exchange Intasp with oil prices" I so enjoy reading things when Dr.S [Dr. Shabibi] and Dr. Saleh appear to be doing things in tandem...a coordinated effort of sorts it would seem...let them crow because they know what is coming...aligning the price of the dinar with oil, maintaining stability to ensure a smooth progression of the MR [Monetary Reform]. They understand what it will take to fully see the original dream for this currency to once again thrive. The politicians have not a clue to its true inner workings and thus need to stand clear and watch and be amazed at the end result for Iraq and the world. 6-27-2015 Intel Guru Mnt Goat ...there is another version of HCL too that Kurdistan needs implemented. It is mainly to address the sale of independent oil from Kurdistan to other countries beyond the Badgdad quotas set by the government to meet their budget requirements. This is an ongoing issue with the Kurds and they need this resolved. Could this hold up the payments of the oil revenues to the citizens? Sure it can and may be the reason why they have not yet paid them. Could this hold up the RV? Sure it can since the USA wants good faith and must see these payments happen before they feel HCL is fully implemented. [post 2 of 2]
6-27-2015 Intel Guru Mnt Goat I want to talk about these...international MasterCard transactions once again that seem to be the basis for the RV from some...don’t expect any RV even if these MC cards go live internationally. The Mastercards are tied to FIXED rates in a database. These rates are for government programs and FIXED rates and not tied to the floating currency exchanges in any way or fashion... these MASTERCARD events are for the SMART cards and not the “National” Cards. The “National” cards are NOT for these government programs such as retirement, salaries, pensions, food program, etc. The “National” cards are mainly for the oil revenues distribution sharing to the citizens. YES - if you are thinking HCL you are correct. Remember these payments were supposed to begin in a June – July timeframe. They fully plan to execute their plan on time to distribute these funds...they have the full month of July yet to make good on their promise to the people. I fully expect this event to happen and hear news of it very soon. [post 1 of 2....stay tuned]
6-27-2015 Newshound Guru Enorrste Article: "The central bank's "Tomorrow Press:" the project to delete the zeros will be applied beginning of the year 2017" This is an important article because it comes directly from the mouth of the head of the CBI. Furthermore, he is stating that he "expects" the beginning of the removal of the large notes to begin in early 2017. By stating this in this way, Allaq has left the door open a little bit. As investors we have come to learn that this is a process that will begin with the change in the exchange rate regime from a fixed rate to a floating rate for the currency. This is essential PRIOR to the beginning on the removal of the large notes. Therefore, we can look with confidence for a change in the exchange rate regime within the next several months, in my opinion. Then, according to the way I understand Allaq, he is allowing about a year or so for the value of the dinar to rise to a point at which the "beginning" of the removal of the large notes will take place. By early 2017 it will not surprise me to see the rate down to 100 or 200 to 1 for the dinar.
6-27-2015 Intel Guru SteveI Topic: "Japan calls for Iraq to pay its dues working in the field of energy" You will start seeing more of these demands in the near future. Iraq is under tremendous pressure to get this done (value that is) and start moving their country forward like planned for years.
6-27-2015 Intel Guru Mnt Goat Just the past week we read articles telling us about sending charges of TERRORISM and GENOCIDE to the international court of the Hague. I have told you many times there will be no RV until Maliki and his goons are gone and out of the any influence in Iraqi politics. So all is good in the news. Iraq is moving forward with the new laws. They are moving ISIS out of Iraq. Deals are being made to move Iranian influence out of Iraq too. I believe Erbil is in fact all completed and we are just now waiting for the final votes on the many laws and the announcement of them to us. I suspect this could happen in the next couple weeks. They know we are watching for these events and so they try to hide them from us since they know this is PART of the key to triggering the RV. [post 2 of 2]
6-27-2015 Intel Guru Mnt Goat There is...disinformation being spread concerning that the saving of the Greece economy and Iranian deals are holding up the RV. Really? I can assure you these other events are all mostly unrelated and not the reason for any hold up in revaluing the Iraqi dinar. No – the USA is not now holding it up again! Ramadan is now in progress...Ramadan continues to July 17th in Iraq and it will have little impact as to whether the RV happens or not. We still see parliament meeting and in fact they just announced this past week they intent to schedule a session on this coming Wednesday and vote on a “package” of 150 laws...they must implement them together since one can not work without the others. Another connection is the Justice reforms and how they fully intend to prosecute these corrupt leaders from the past Maliki administration... [post 1 of 2....stay tuned]
6-27-2015 Newshound Guru Millionday "Baghdad confirmed the Legal Committee in the House of Representatives ratified frankincense, Thursday, that the next legislative term will vote on important legislation, noting that it is possible to vote on some of them in the first sessions of the legislative term." SO AS WE SEE HERE ALL LAWS OF IMPORTANCE WILL BE DEALT WITH THE FIRST OF THE SESSION --- HCL IS THERE ALREADY ACCORDING TO REPORTS. [Any idea when the next session starts?] IT IS THE 1ST OF JULY. FOR THOSE OF YOU THAT WERE AROUND WHEN THE PLAN HIT THE CBI SIGHT-- YOU KNOW WHY THIS IS AN EXCITING TIME... IT WAS WRITTEN BY SHABIBI AND UPDATED AS IT WAS COMPLETED...
6-27-2015 Newshound Guru Aggiedad77 I believe in more ways than one DrS [Shabibi] is crowing big time, himself and through his protege Dr. Saleh...together they understand the MR...they understand how the CBI truly must be able to function in order to maintain economic stability and the lowest of inflation rates. Their guidance will keep Iraq on the straight and narrow through all the political fog that is blowing their way at this time. The noise from the Finance Committee continues to be just that, noise...put your ear plugs in....they don't seem to want to give up easily...What they have going against them...and what Iraq has going for it...is the knowledge that Dr.S understands what remains to be done to complete the process that he started years ago...it's coming...the BEST is yet to come.
6-27-2015 Newshound Guru sczin11 LARGE DENOMS IN 2017? NO WAY...THERE WAS A RELEASE LATE YESTERDAY, THAT KEYWORDS ANNOUNCED DELETION OF THE ZEROES PROGRAM WOULD BEGIN IN 2017...IN THE LAST 48 HOURS, IT WAS REPORTED THE NEW 100 AND 200K NOTES WOULD BE RELEASED IN 2017...DURING THE SAME TIMEFRAME, IT WAS REPORTED THE 50k NOTES WOULD BE RELEASED END OF THIS YEAR, OR EARLY 2016...THE ARTICLE STILL STATES "EXPECTED" AND NOT ON CBI WEBSITE...NOT EVEN SURE THEY KNOW WHAT IT MEANS..I SURE DONT...WHY DELETE THE ZEROES AT THE SAME TIME AS ISSUING NEW LARGE THREE ZERO NOTES? IN MARCH GREEN LIGHT GIVEN FOR PROJECT TO BEGIN...
6-27-2015 Newshound/Intel Guru BGG [QUESTION IS WHEN ARE THEY ROLLING IN THESE 50'S?] IMHO... the original version explicitly said "category of 50,000" - NOT a 50k note per se...which means (loosely) - a category WORTH what a 50k note would be worth...IMHO...further - it is very interesting the auctions are a high as they are right now...they have stabilized the exchange (to some extent) and are getting big notes off the street using USD (translates to VERY CHEAP)...right now - if this goes on much longer - they will be in an ideal position to execute some kind of move - (all IMHO).
6-27-2015 Newshound Guru Millionday "General Company for Trade Iraqi business services at the Ministry of Commerce for the opening near the first Baghdad Shopping Festival and on the land of the Baghdad International Fair... runs from 12 up to 18 of the next month of July will participate by 1,200 companies from different countries including Turkey, Syria, Egypt, Iran, India, Pakistan, Lebanon, United Arab Emirates, Jordan and Kuwait." WILL CREATE A COMPETITIVE ATMOSPHERE AGAIN --- WHHHOOOPOW. NOW LETS SEE IF WE CAN EVEN BEGIN TO SEE THE PROGRESS THAT IRAQ HAS MADE. I AM VERY EXCITED TO SEE THIS AND ALL THAT IS GOING ON. [how can they have a shopping festival and spend money?] I WOULD LIKE TO KNOW TOO...LOOK AT THE COUNTRIES COMING. [how in the world can Iraq host this event with all the countries listed with out an internationally tradable currency. ...do you think they all will be satisfied to complete with 1166 rate?] WE SHALL SEE.
Read more: http://www.dinarguru.com/#ixzz3fmJT4uyC
7-12-2015 Newshound Guru wmawhite [...why do they continue to delay in solving their own liquidity problem?] how is it a delay...a delay implies that there was a date and time for them to have done something. ...they (whoever they are) will do it whenever they are ready...at anytime when the time is right for THEM...not for us!
7-12-2015 Intel/Newshound Guru tman23 Erbil: Iraq’s Kurdistan Regional Government (KRG) announced on Sunday, Tuesday the 14th of July as a public holiday in all its departments, and identified 17th till 22 of the same month as an official holiday on the occasion of Islamic Eid al-Fitr (Feast of Breaking the Fast). A statement of the Presidency of KRG received by Shafaq News, quoted the government spokesman, Safeen Dazie as saying that his government decided to declare Tuesday 14 of July, 2015 as an official holiday in all government institutions. The government’s statement declared 17 to 22 of this month as an official holiday, on the occasion of Eid al-Fitr, which is expected to coincide on Friday, July 17, noting that the official working hours will resume starting on 22 July of current month.
7-12-2015 Newshound Guru Kaperoni Article: "Parliamentary Finance: the issuance of a new currency will revive the Iraqi economy" This article to me is a sales job on a process that many don't think will work...which is to postpone the delete zeros project, and in the meantime issue larger 50k, 100k notes to help strengthen the dinar in the market place. I am like many, and don't know if that plan will work or not...but clearly they seem to be getting ready to try it.
7-12-2015 Intel/Newshound Guru Poppy3 ...I LIKE THE NEWS AND THE TIMING BEING TALKED ABOUT. I WARN EVERYONE TO STAY HOPEFUL AND POSITIVE BUT SEVERAL OF THE THINGS STATED THEY ARE DOING DEPEND ON THE TIMING OF OTHER PARTS BEING COMPLETED IN CONJUNCTION FOR THESE THINGS TO ALL COME IN LINE TOGETHER...WATCH THEIR ACTIONS THAT PERTAIN TO THEIR WORDS. WE ARE IN A GREAT PLACE RIGHT NOW. WE HAVE AGAIN MOVED FROM STATUS QUO AND ARE SEEING ACTIONS ACTUALLY BEING TAKEN...WE ARE GOING TO WIN TOGETHER AND WIN BIG.
7-12-2015 Newshound/Intel Guru BGG [HAVE YOU SEEN ANYTHING ON IRAN BECOMING PART OF SWIFT?] I have - I thought that was one bank - looking at some info...truthfully - I really think there is a lot - lot - LOT going on right now in the ME. It's not about one or two keys...it is a tidal wave of details coming at us right now...there is so much happening...Maliki is gone soon...you watch and everything happens soon thereafter. [Do you think Maliki has to be gone before RV?] I don't think (nor have I ever) that he HAD TO - but I think he will.
7-12-2015 Newshound Guru Arthur Iraq is not broke. It has stated it can cover 3 times. It has vast oil and gold reserves sufficient for liquidity to open this budget, none of which will happen until there is a comprehensive law governing provincial funding under the HCL. There are amendments occurring as we speak to get this done soon as we approach Eid al-Fitr with Abadi losing more and more credibility sparking planned protests against the entire government mid August. We are hearing more and more positive news coming from high sources regarding movement on this issue that will soon lead to the completion of the MR. As we approach the end of July into August we are looking for major movement on the HCL thus leading to what we are all waiting on. [post 2 of 2]
7-12-2015 Newshound Guru Arthur There are people out there saying it has nothing to do with HCL. That its only about liquidity which will be solved by just flipping a switch and suddenly having a $3 RV for instant purchasing power. So if it's that easy why haven't they done it yet? Why are they up against losing Kurdistan to independence and having mass protest on the green zone if it's just that easy? Its because its NOT that easy and it IS about the HCL! This is a political problem that is complex that goes back even pre-Maliki between the Shiites and Sunnis and the Center and the Region. It involves the payments to oil companies, the Peshmerga, Article 140, and the level of independence that is allowable under the constitution. It is the very core of how funds within the budget will be distributed in general. [post 1 of 2....stay tuned]
7-12-2015 Newshound Guru Millionday [...the Kurds still get short-changed? ON Oil? is this still the case?] THEY MADE AN AGREEMENT YESTERDAY WITH BAGHDAD AND THE COMMITTEE HAS CALLED FOR URGENT MEETING WITH KURDS TO ACTIVATE THE OIL AGREEMENT BEFORE...EID HOLIDAY -- ASAP.
7-12-2015 Intel Guru Frank26 It is of a strong opinion from us that the HCL is fully armed and primed inside of the 2015 budget. We feel ...and have said it for 7 years that the moment you see the 4th and final part of the HCL which belongs to the citizens oil share rights...then nano seconds later you will see the IQD rate change. IMO...the lower demons and HCL have something in common with the rate change date ... They could be in synchronization. Not that one will follow the other but one with the other. 7-11-2015 Newshound Guru My Ladies Article quote: "Iran’s Day Bank announced on Saturday that it has officially joined the Society for Worldwide Interbank Financial Telecommunication (SWIFT)." NO FAN FARE NO NOTHING THEY JUST TURNED ON THE SWITCH WHILE THE REST OF THE WORLD IS WATCHING THE NUCLEAR DEALS TALK ABOUT STALLS. THIS IS EXACTLY HOW IT WILL HAPPEN IN IRAQ, THEY WILL TURN ON THE SWITCH AND THEY WILL BE CONNECTED AND THAT WILL BE THAT. SO THIS CAN LITERALLY HAPPEN AT ANY TIME...
7-11-2015 Intel/Newshound Guru Poppy3 I FOLLOW PROGRESS IN ACTIONS IN IRAQ AND TALK DAILY WITH MANY POSITIONED PEOPLE SOURCES AND READ ALL THE NEWS DAILY. ALL COMBINED ARE TELLING ME WE ARE CLOSING IN ON VICTORY...THE TIME IS DRAWING VERY NEAR FOR ACTIONS ON THEIR WORDS ARE CONVINCING ME THE RATE IS COMING WITHIN THE NEXT COMING WEEKS AND ACTUALLY CAN COME ANYTIME BECAUSE LOTS OF WHAT THEY ARE SAYING WILL BE COMPLETED NEED TO HAVE THE NEW MARKET RATE FOR THESE THINGS TO BE COMPLETED...LIKE THE BONDS, TARIFFS, HCL BUDGET ETC...THE NEW RATE IS ABSOLUTELY NEEDED BEFORE THESE AND OTHER THINGS CAN BE FUNDED. TIME WILL TELL.
7-11-2015 Intel/Newshound Guru tman23 To open the Budget they need liquidity...to achieve liquidity they can open the free market...but Rome was not built overnight nor will Iraq, the market takes time to develop and since infrastructure is in poor shape it is not an immediate solution. A revalued currency is an immediate solution...since Iraq deals in petro dollars...a IQD equal to 1 usd changes nothing...a IQD valued at $3 provides Iraq international purchasing power...so they can get 3 times the amount of imports as what they do now with a higher valued currency... low value favors countries that do large exporting...High value favors countries who do importing...Iraq imports over 90% of their goods... If they revalue at at $3... They spend $1 on imports and have $$$ to pay salaries and invest. [post 2 of 2]
7-11-2015 Intel/Newshound Guru tman23 From 2004 to present Iraq has not had "The HCL". So for the past 11 years Iraq has never opened a Budget. They were operating on WHAT? The FACT is 2014 operated on 1/12 system of the 2013 Budget because Parliament did not pass a budget. 2015 Parliament passed a Budget but "austerity measures" were put into place because of "lack of liquidity" due to ISIS, war costs, displaced persons, fallen oil prices, etc....NOTHING TO DO WITH HCL!!! They cannot implement the full version of the 2015 Budget because there is NOT ENOUGH MONEY!!! [post 1 of 2....stay tuned]
7-11-2015 Intel/Newshound Guru Poppy3 AS TO ALL THE NEWS WE HAVE ALL RECEIVED IN THE LAST 3 WEEKS NOW ABOUT IRAQ, CBI, BONDS, AND CHANGES...IF THIS INVESTMENT WAS GOOD BACK 11 YEARS AGO IT IS A AWESOME INVESTMENT TODAY.
7-11-2015 Newshound Guru Millionday “…the fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors, we know that it will be at the expense of all of our dreams strongly Iraqi dinar, which was worth US $ 3.33…” THIS IS...TURKI TALKING ABOUT THE DREAMS OF HOW STRONG THE DINAR COULD BE -- THIS IS DATED JULY 8TH STATING IT WAS WORTH $ 3.33 --- SMILE.
7-11-2015 Newshound Gurus OOTW & sczin11 FLASHBACK: FEBRUARY 2015 - ZEBARI ANNOUNCES THAT IRAQ WILL SEEK TO APPROVE LEGISLATION TO GAIN FATCA (US TAX COMPLIANCE STANDARDS) BY SEPTEMBER 15, 2015. NOT MUCH NEWS ON THIS SINCE FEBRUARY....UNTIL TODAY! Article quote: "The House of Representatives awaiting the arrival of a draft law to join Alfatyka agreement, by the Iraqi Central Bank, which considered and prepared for discussion, in order to vote on them." SO WHAT WE HAVE HERE IS AN ARTICLE STATING THAT THIS LEGISLATION IS TO BE DISCUSSED WHEN THE PARLIAMENT RETURNS FROM THEIR EID/FEAST. THIS MEANS THEY ARE EXPECTING INVESTORS FROM THE USA AND ARE WILLING TO COMPLY WITH USA TAX REPORTING LAWS. FOLKS THIS IS HUGE.
7-11-2015 Newshound Guru Millionday Article quote: "Committee announced its oil and parliamentary power, on Friday, sending request "urgent" for the Speaker of the House for a meeting between officials from the Kurdistan Regional Government and the federal government in the presence of representatives of the parliamentary parties to activate the oil agreement between the two sides" WE HAVE AN UPDATE ON THE OIL AGREEMENT BETWEEN ERBIL AND FEDERAL IRAQ. THE COMMITTEE HAS REQUESTED FROM KURDISTAN AN URGENT MEETING TO ACTIVATE THE OIL AGREEMENT...THIS AGREEMENT INCLUDES OIL EXPORTING AND PAYMENTS THAT HAVE NOT BEEN MADE... HUGE TO ME THAT IT IS URGENT THEY MEET RIGHT AWAY TO ACTIVATE THE AGREEMENT SO FAST WHEN AGREEMENT WAS JUST MADE -- WHOOPOW. ONE THING WE HAVE NOTICED IS THE MANY ECONOMIC THINGS THAT ARE EXPECTED THIS MONTH -- JULY.
7-11-2015 Newshound Guru tlm724 Article: "Government intervention of the World Bank as a partner in the formulation of the budget in 2016" Quote: "adding that" the World Bank agreed to grant the loan in exchange for conditions related to conduct real administrative and economic reforms in the government system," now that is big! The World Bank says yeah we will loan you the money BUT we want in on formulating and implementing the economic plan! I like that very much! Very Happy
7-11-2015 Newshound Guru sczin11 HERE IS THE BOTTOM LINE, IMHO...IF THE SECOND WAVE OF BOND ISSUANCE, AS THEY HAVE DESCRIBED, DOES IN FACT OCCUR TWO POINTS SHOULD BE REALIZED...THE FINANCIAL INSTITUTIONS WORLDWIDE WOULD RECOGNIZE THE IRAQI DINAR AND THE CREDIT RATING SHOULD BE ISSUED BY THE THREE MAIN REPORTING AGENCIES. THE FIRST WAVE IN COUNTRY, IMHO, DOES NOT REQUIRE OR IMPLY THE COMPLETION OF THE ABOVE TWO POINTS.
7-11-2015 Newshound Guru Kaperoni Article: "Parliamentary economy expect difficulties in the application of tariffs next month" No doubt that there will be backlash. The same issues a year ago, a month ago still apply today. So we have to hope despite the few who are trying to hold Iraq back, the GOI will be able to implement and enforce tariffs. This is a tough one to overcome, but needed for the economy.
7-10-2015 Intel Guru SteveI Article: "Financial crisis in Iraqi Kurdistan shuts down 6,000 projects" Quote: "A slowed and deteriorating economic climate in Iraq’s Kurdistan Region has shut down thousands of development projects, according to a senior official." You will see more of this in the coming days. You watch. Other countries are also putting huge pressure on Iraq. Good times ahead!
7-10-2015 Intel/Newshound Guru tman23 [WHAT YOUR thought on this month ending an rv...?] Everyday they delay is a lost day... I do not believe they can continue the same path into 2016... So yes, we have a very good chance in July! I expect to see a change anytime from the 1st to the 15th.... And I am set for the 15th...does that mean RV to riches...possibly!! But be certain that there will be an announcement for the citizens...An Abadi gift...per se'.
7-10-2015 Intel Guru Jester [What is your sense of the initial RV value being a "sucker" rate to bring in as much dinar as possible before it floats upward?] YOU BETTER TAKE WHAT YOU CAN GET WHEN IT IS OFFERED...YOU LIKE TO GET GREEDY YOU MIGHT GET SQUAT... MY OPINION.
7-10-2015 Intel Guru Frank26 Yes...Things are looking good...Yes...Rather exciting. NOT a date...But the Lava Flow...FASCINATING to me.
7-10-2015 Newshound Guru My Ladies WITH EVERYTHING WE ARE LEARNING EVERYDAY...YOU SHOULD BE OVER THE MOON SILLY RIGHT NOW UNDERSTANDING WHAT IS ABOUT TO HAPPEN. THERE IS NO WAY IRAQ WILL REMAIN IN ISOLATION, THEY WILL DEFINITELY BE COMING TO THE WORLD STAGE SOON. I AM NOT SPEAKING TO VALUE. I HAVE NO IDEA WHAT THE DINAR WILL TRADE AT. I KNOW BASED ON BANKING, TRADING, AND GLOBAL ECONOMICS THE DINAR WILL TRADE AND SOON...IT NEEDS TO. SO PLEASE HANG IN THERE EVERYONE AND GET EXCITED. [post 2 of 2]
7-10-2015 Newshound Guru My Ladies THERE ARE SO MANY PEOPLE THAT ARE NOT IN THIS INVESTMENT OR HAVE LEFT THIS INVESTMENT OUT OF SHEER FRUSTRATION. THE DAILY PUMPING OF ANY MIN OR ANY SECOND MAKES INTELLIGENT THINKING PEOPLE START TO SECOND GUESS THEIR SELVES AND THEN YOU COMPOUND THAT WITH THE BANKS CALLING THIS A SCAM AND MANY FOLKS WALK AWAY OR DO NOT GET INVOLVED. THE DINAR IS A CURRENCY IT IS NOT A SCAM. [post 1 of 2....stay tuned]
7-10-2015 Newshound Guru Arthur It allows Iraq's provinces freedom from the GOI in giving exploration and production contracts which the Kurds and other provinces desperately want and must have since the constitution allows governates to form semi-independent regions, fully controlling their own natural resources. There has been a call for mass organized unrest up to and including shutting down the airport to the green zone to start in mid Aug with the sole purpose of overthrowing this parliament which would be tantamount to civil war and it is no coincidence that this show of resistance is scheduled right near the deadline for the Shiites and Sunnis in this parliament to put aside their centuries old sectarian hatreds at least long enough to finally implement this much needed historic law so the world can finally realize a reality rate for the Iraqi dinar. [post 2 of 2]
7-10-2015 Newshound Guru Arthur At the beginning of July they gave themselves a 2 month window (early September) to finally implement the HCL. All the Maliki and 50 and 100K notes, bonds, credit rating, and security concerns are all external issues to what is directly and vitally needed to implement full blown currency reform in Iraq. They ABSOLUTELY MUST have a signed, sealed, delivered and fully implemented Hydrocarbon LAW, not tentative agreements to move any further PERIOD. After all this time people still fail to see the significance of the HCL as it pertains to the MR of Iraq. There is no way to even fully open the budget without it. It is the HCL that authorizes all the necessary production share agreements (PSAs) which guarantees a profit for all the foreign oil companies then allows for the GOI to distribute remaining revenues fairly throughout the nation on a per capita basis. [post 1 of 2....stay tuned]
7-10-2015 Intel Guru SteveI Article quote: “…the fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors, we know that it will be at the expense of all of our dreams strongly Iraqi dinar, which was worth US $ 3.33…” We are almost at the end. Hang in there and it will be worth the wait. This made my day!
7-10-2015 Newshound Guru sczin11 [if the KRG is planning a bond issuance then how strong a connection can there be between the Iraqi bond issuance and monetary reform?] IN BOTH CASES, SHORT TERM, IMMEDIATE LIQUIDITY, IS THE BASIS, IMHO. MONETARY REFORM WILL NOT PROVIDE IMMEDIATE RELIEF FOR ANYONE BUT US...I SHOULD SAY COMPLETION OF MR. THE ONLY POSSIBLE SIGNIFICANCE TO THE COMPLETION OF MR [WITH] REGARDS TO BOND ISSUE, WOULD BE THE NECESSITY OF A CREDIT RATING WHICH IN TURN WILL LURE BIG DOLLARS INTO THE COUNTRY. AS A DIRECT CONNECTION, BOND ISSUANCE TO MR COMPLETION, IMHO...NO CONNECTION THERE.
7-10-2015 Newshound Guru Millionday [if the bonds will be in 4th qtr...will the rate possibly change prior to then?] THE DATE OF A CHANGE IN RATE HAS NOT BEEN RELEASED...IT CAN BE CHANGED AT ANYTIME. WE DONT KNOW WHEN BUT IT DOES NOT MEAN IT MUST WAIT UNTIL THE FOURTH QUARTER. [...could this be that the Domestic payouts will be in Dinar, and if you were International you could get USD?] YES... THEY STATED THAT IT WILL MATURE AT A HIGHER AMOUNT THAN THE MARKET PRICE...SO THE BONDS WOULD BE ON THEIR MARKET AT THAT TIME...HUGE CLUE FOR ME. [...would there be any rational reason to give the loans out at the 1166 rate?] ACCORDING TO MY LOGIC AND ECONOMICS -- IT WOULD NOT MAKE MUCH SENSE FOR IRAQ OR THE ENTERPRISE... [post 2 of 2]
7-10-2015 Newshound Guru Millionday Article quote: “The Iraqi government plans to issue local bonds worth five billion dollars, starting from the last quarter of this year…“ “The bonds will be issued in US dollars in stages based on investor demand, and investors will choose between receipt of an asset at maturity in dollars or dinars, but at a better price than the market price.” THEY ARE GIVING A CHOICE OF RETURN IN EITHER US DOLLAR OR IRAQI DINAR -- WOW -- AND ANNOUNCED THAT THE MATURITY WILL PRODUCE A HIGHER RETURN THAN --MARKET PRICE. CBI WILL DETERMINE IF THE LOANS ARE GIVEN OUT AT A NEW VALUE OR NOT -- I PERSONALLY HOPE A NEWLY CALCULATED VALUE. [post 1 of 2....stay tuned]
7-10-2015 Newshound Guru tlm724 Article: "Government intervention of the World Bank as a partner in the formulation of the budget in 2016" Quote: "adding that" the World Bank agreed to grant the loan in exchange for conditions related to conduct real administrative and economic reforms in the government system," now that is big! The World Bank says yeah we will loan you the money BUT we want in on formulating and implementing the economic plan! I like that very much! Very Happy. 7-9-2015 Intel Guru SteveI Listen folks, we are closer than you all think. Hang in there!
7-9-2015 Newshound Guru OOTW ART'S CAME OUT STATING THEY'RE GOING TO LAUNCH THESE NEW 50K NOTES END OF MONTH (I'LL BELIEVE IT WHEN I SEE IT) – AND AGAIN, THE LAST INFERENCE WE HAVE IS THAT THEY HAVE DOUBLE THE RESERVES TO BACK THE VALUE OF THE DINAR - SO THAT PUTS US AT 2/10 OF A CENT, WHAT THEY'LL REALLY DO..WE HAVE TO WAIT AND SEE. ...ALL OF THE COUNTRIES I'VE RESEARCHED AT THE IMF SITE, WHO HAVE RELEASED THEIR CURRENCIES TO THE INTERNATIONAL MARKET UNDER ART 14 - THE HIGHEST VALUE OF ALL OF THEM IS TEN CENTS TO THE DOLLAR.
7-9-2015 Newshound Guru Kaperoni I am waiting to see if the CBI actually issues the 50k dinar notes this month as stated by MP Najiba Najib from the finance committee on July 2nd. ...currency reform must happen. It is really not an option or preference. The issue is how and when it will happen. [Is it more likely to start at 1166 or 10 cents?] ...currency reform is not an arbitrary number. A currencies exchange rate is based on many factors. So when it begins to rise, it will be because of several factors. Unfortunately, many don't want to believe that and are wishing for some "overnight" event. The good news is Iraq is trying to create the conditions to do the currency reform. The laws will be a big step in the right direction when they pass them...over 150 laws have been read twice and waiting for a 3rd and final reading.
7-9-2015 Intel Guru SteveI [Can you comment on the 50k and 100k notes? Some articles say the introduction of these notes will coincide with the change in value while other articles are simply too confusing.] Yes, the 50 and 100 notes are a temporary solution to curb the massive counterfeit problems and will not be a part of the final solution.
7-9-2015 Newshound Guru sczin11 Article quote: "the World Bank agreed to grant the loan in exchange for conditions related to conduct real economic administrative reforms in the government system, the most prominent stop employment, and activating the private sector." BRING ON THE WORLD BANK TO MAKE SURE THE GOVERNMENT PLAN FOR THE CITIZENS OF IRAQ, AS FORMULATED BY PM ABADI, IS FUNDED PROPERLY IN THE BUDGET... NAMELY THE ACTIVATION OF THE PRIVATE SECTOR.
7-9-2015 Newshound Guru tlm724 Article: "Cancel the parliamentary oil denies oil deal between Baghdad and Erbil" Quote: "The Commission on oil and energy parliamentary denied on Thursday reports that the cancellation of the oil agreement between the federal government and the government of Iraqi Kurdistan in secret" good that puts that BS to rest! three options...either to proceed with the agreement that has been concluded and inclusion in the federal budget, or to discuss a new agreement...saying, that the third option is that the federal government allow the Kurdistan government to sell oil Independently...they are working it!
7-9-2015 Newshound Guru Millionday Article quote: "...the current legislative term will see the passage of the new investment law." THE INVESTMENT LAW SHOULD BE PASSED BY PARL THIS SESSION. DIVERSITY THROUGH INVESTMENT WILL ADD TO THE MARKET AND SUPPORT THE BUDGET WHERE INTENDED. SO AS WE KNOW THE INVESTMENTS WILL BRING IN MARKET DIVERSITY AND MINIMIZE THE RELIANCE ON OIL ALONE .
7-9-2015 Newshound Guru wmawhite Another question...unlike sovereign bonds...Iraq will be going to the retail markets with its first international bonds...what is needed in order for Iraq to do such a thing? Iraq will need a sovereign (country) credit rating. ...this will enable Iraq to be compared with all of the other countries in the world that are also issuing international bonds. Another question:..when compared to other countries...in addition to the credit rating, what will help Iraq when compared? A currency that is freely moved/traded on the world currency markets.
7-9-2015 Newshound Guru Adam Montana ...we're almost done with Ramadan. It's possible for something big to happen in the next 10 days...But if Ramadan goes like it normally does, things just slow down over there. Negative Nancys like to say "oh nothing ever gets done", but I disagree - a LOT has been accomplished in a very short time over the last 6 months, and I'm optimistic about the situation. I'm looking forward to seeing things pick up pace again... but not in the next 10 days. Give it a week and a half, and then let's see what happens.
7-9-2015 Newshound Guru Millionday [Has Iraq put in place electronic security to protect themselves...?] I SAW TECH ISSUES FOR NEW YORK --- AND IT SEEMS MOST MARKETS ARE IMPACTED BY ONE THING OR ANOTHER TODAY [WEDNESDAY] -- IMO IT WAS EXPECTED ANYWAY AS THEY WATCHED FOR CONFIDENCE IMPACTS DUE TO GREECE AND CHINA ETC -- THEY REPORTED THEY HAVE THE MOST ADVANCED AVAILABLE. [OK. This may get bumpy.] IT HAS BEEN PRETTY BUMPY ALREADY -- LOL.
7-9-2015 Newshound Guru Kaperoni Article quote: "the process of deletion of zeros from the local process needs a major economic power and great money,"... clearly implies to me we are right on with our thinking...that the deletion of zeros is a result of growth of Iraq's economy and capital investment. When that happens, the CBI will float the dinar and the zeros will go away naturally as a result. We are waiting for the flood gates to open and that will come with stability and laws. 7-8-2015 Newshound Guru Adam Montana As I suspected, Ramadan once again seems to be the killer of all things great in the story of Iraq's journey "Back From Saddam"... but that's not all that bad. It's just a matter of time, as most things are. In this case, the "time" we are looking at has a defined end, and that end is July 17th. [A number of weeks ago, your contacts were telling you that things were about to happen. What are your contacts telling you now?] No change since a month ago...! We're looking good, but Ramadan is here, so...
7-8-2015 Newshound Guru Millionday Article quote: "...in Parliament on Wednesday, the recovery of the dinar exchange rate against the dollar after the judiciary to overturn the terms of the public finances of the country's budget, including the decision to cap the sale of foreign currency." PARLIAMENT CALLING FOR A RECOVERY EXCHANGE RATE...THE CAP ON CURRENCY SALES HAS BEEN RETURNED TO THE CONTROL OF CBI ACCORDING TO REPORTS. THE CALL IS BEING MADE TO OPEN BUDGET AS WELL --SALARIES ETC. RETIREMENT BENEFITS ARE REPORTED TO BE LOADED ON SMART CARDS. SO AS WE HAVE READ MULTIPLE TIMES -- CBI IS TO CONTROL THE ECONOMIC TOOLS AND ALSO RELEASE THE VALUE AND INTERNATIONAL RATES ETC -- IT IS THEIR JOB...WHOOPOW.
7-8-2015 Newshound Guru wmawhite [I had always beleived that the deletion project was before the revalue, now I stand corrected...?] Think of it this way...there would be no need to change the currency, delete the zeros, etc...if a change in the value of the IQD wasn't going to happen BEFORE hand. [So are we on for July?] Don't know other than we are on....because the folks that are doing this continue to tell us about events that require a tradeable IQD. [If you accumulate all the progress, one can only come out with a positive climax!] I agree...especially now. IMO, they are being very open with what is coming. [post 2 of 2]
7-8-2015 Newshound Guru wmawhite What is required before the "delete the zero project" can be completed? The delete the zero project is NOT the change in the value of the IQD...hint. The project is several items...one of which is the size of the notes to be used...so, the IQD requires a change in its value Loooong before the project can be completed. I will be sitting on a beach in St. Kitts long before Iraq is finished with the delete the zero project. In other words...we do not care when they complete it...also, they have told us many times that the process has alrady started. [post 1 of 2....stay tuned]
7-8-2015 Intel Guru SteveI ...I have not given up on this investment. After reading and knowing what is really going on, I believe in it more now than last year. ...[Guru] Millionday our CNN of the dinar world has done an excellent job keeping us informed with what is going on. Yes, it should have been done by now (changing value that is) but ISIL was not in the mix last year. Nobody predicted this one (thank Maliki for this this mess, so we let Iraq and the other countries deal with it and get this under control. Huge progress has been made and they will continue making great progress. [Guru] Ray and I have talked...and believe we are on a sound and positive track. One other comment, there is not one scenario I can even come up with that would allow the vast assets (gold, oil and many others) of Iraq to maintain the value of their currency much longer and still claim to be a powerful country. Yes they can continue with the oil dollars but that can only go on for so long. Iraq will get eaten up alive if this happens. So, this will not ever happen.
7-8-2015 Newshound Guru Kaperoni Article: "Iraq looking with American negotiators development skills to join the World Trade Organization" Iraq is a long way off from full accession to the WTO, but as long as it is discussed it is good news and more pressure for Iraq to get the market economy moving forward along with currency reform.
7-8-2015 Newshound Guru Millionday [Are we waiting on the derivatives in Germany or anything else?] WE ARE WAITING ON IRAQ`S MOVE TO A MARKET ECONOMY IMO... YESTERDAYS NEWS WAS HUGE AND THE DAY BEFORE -- ANNOUNCING THEY ARE ACTIVATING THEIR INTERNATIONAL BANKING AND ALSO THAT CBI IS READY FOR A MARKET ECONOMY SEEMS MUCH MORE IMPORTANT ECONOMICALLY [On a scale 1 to 10 how are you feeling?] I AM EXCITED -- I DONT KNOW HOW TO PUT IT ON A SCALE BUT THE HUGE NEWS WE HAVE READ IN THE LAST FEW DAYS ALONE HAS BEEN VERY EXCITING. [post 2 of 2]
7-8-2015 Newshound Guru Millionday [Do we have to wait until they get the HCL done before they can RV?] THEY ARE USING THE AGREEMENT MADE BUT WE DONT KNOW WHAT THEIR PLAN IN TIMING IS. [Have you heard anything about the credit ratings at all?] I HAVE NOT SEEN A FORMAL ANNOUNCEMENT OF ALL THREE BUT THE PREPARATION FOR CREDIT AND INSURANCE AND INTERNATIONAL BANKING WOULD MAKE YOU THINK THEY ARE CLOSE. THE INTEREST RATE IS DETERMINED FOR INTERNATIONAL BANKING ACCORDING TO THEIR CREDIT RATINGS. [post 1 of 2....stay tuned]
7-8-2015 Newshound Guru wmawhite [via Guru BGG] Article quotes: "The Iraqi government plans to issue local bonds worth five billion dollars, starting from the last quarter of this year..." "The bonds will be issued in US dollars in stages based on investor demand, and investors will choose between receipt of an asset at maturity in dollars or dinars, but at a better price than the market price." "He noted the former official at the Central Bank of Iraq, Qassem Saleh appearance, that "the medium-bond maturities range between 12 and 18 months." They just told you they are planning for an internationally accepted Dinar. How do you want your return? In USD or Dinar...something is up. ...according to banking reference yesterday - (IHHO) he would find it highly unlikely for there to be an international acceptance and trading without a reality rate.
7-8-2015 Intel Guru Mnt Goat July 8th...the date when Iraqi president Masum has asked Maliki to make a decision as to his resignation. Let’s see how this plays out. Of course my opinion is he will not resign from the VP position and will be forced out. The other key date is August 6th. Why is this date significant? It is significant because the GOI has told us that this is the deadline to completing the decentralization effort down to the provinces. This means the transfer of the ministry powers and the setting up of the National Guard units needed for provincial security. Both need the final passing of some laws. So now we see an outside window for the completion of these laws. This is all coming together very nicely. I hope to be able to tell you soon that there is an RV window. I can truly see one in the near future.
7-8-2015 Newshound Guru Kaperoni Now that the budget law has been reversed, there is no excuses for Allaq now to do a good job stabilizing the market rate and moving the reforms forward. If I was Allaq, I would want to prove my worth now and make some headlines in the coming weeks taking steps to prepare for currency reform. 7-7-2015 Newshound Guru Aggiedad77 ...WE ARE PAST SECURITY AND AT THE STAGE OF TRANSPARENCY NOW. LAST TUESDAY ONE OF OUR TEAMS TOLD US THAT A DELEGATION LED BY GOI/CBI WAS BEING PUT TOGETHER AND WE THOUGHT THEY WERE COMING TO THE USA. INSTEAD WE HAVE LEARNED THAT THE US IS COMING TO IRAQ TO TALK TO THIS GROUP. WE FEEL THAT THIS MEETING HAS ALREADY OCCURRED AND IT WAS POINTED IN THE DIRECTION OF THEIR SECURITY. BECAUSE IT IS OUR OPINION THAT ISIS IS NOW FEEDING UPON ITSELF AND THAT NOW WE CAN SAY THAT THE USA IS PICKING UP SPEED ON THE GROUND SO MUCH FASTER. AS ALL THIS HAS BEEN HAPPENING ABADI IS CONSTANTLY... DAILY TELLING THE CITIZENS THAT THEIR PRIVATE SECTOR WILL SOON EXPLODE AND THAT THEY ARE ADDING VALUE TO THEIR CURRENCY BY PASSING LAWS FOR THE CBI TO LIFT THE 000'S FROM THEIR EXCHANGE RATE.
7-7-2015 Newshound Guru Kaperoni Several very good events are happening in Iraq as of late, movement towards a market economy and opening the banking system is just more promising news. Let it come to us.
7-7-2015 Intel Guru Frank26 [via FrostyTheSnowman] The HCL...that is a HOT thing for us right now...it is the Lava Flow. Now of all of the people...the so-called “advisors of the GOI submitted a proposal to amend the Federal Oil and Gas Law to be completed within two months.” That means they started it 2 months ago … (that’s when we heard the rumors about it). Article 140 which is important for the HCL...there are 30 things that the GOI has to do to lift Article 140. These 30 things were done a long time ago – so Article 140 was put on the shelf. A few days ago Article 140 was brought back off the shelf and REACTIVATED once again. These are things that the GOI has to do for the people of Iraq. And guess what one of those 30 things is? The HCL! Lots of number are now changing...TRANSPARENCY...so now the GOI says it now produces 4.3 Billion barrels a day...transparency is coming...they want the world to know these numbers and what they are doing. The last part (for the citizens) will come at the very end. The HCL is HOT.
7-7-2015 Newshound Guru Kaperoni Article: "Government banking sector seeks to open up to the world" These kinds of articles is exactly what we want to hear. They cannot keep the dinar weak much longer. Remember, many think it is grossly undervalued.
7-7-2015 Newshound Guru firefly IMO the HCL has been passed a long time ago. We are just waiting on Implementation. I am only watching the CBI and Abadi ...period. M [Maliki] IMO is irrelevant. There will always be corruption, not just in Iraq but globally. They need to get this done ASAP...End of story.
7-7-2015 Newshound Guru Millionday Article quote: "The Federal Supreme Court, announced today the unconstitutionality of Article 50 of the Budget Law for 2015, and the judge to "compel the Central Bank identifies sales of hard currency [the dollar] in its daily auction ceiling does not exceed $ 75 million a day." THE FEDERAL SUPREME COURT SET LIMIT TO 75 MILL. [did they find it unconstitutional? Art 50?] YES. THE FEDERAL COURT ALSO FOUND THAT THEY MAY NOT AMEND THE BUDGET...BUDGET MUST REMAIN.
7-7-2015 Intel Guru Frank26 [via FrostyTheSnowman] There is a change coming in many things as you know. The thing that was required BEFORE that change was a sense of SECURITY within the GOI and the banking and leadership of IRAQ (the PM – Abadi and the Gov of Iraq – Dr. Shabibi). The monetary reform (Lava Flow) is beautiful...masterful. Iraq is passing laws which they’ve been doing for a long time...which was hard for them because they had no security at the time especially when Maliki was around. Iraq wants the world to know that Maliki (who was always a problem when they tried to pass laws in the past) is no longer a threat anymore. The removal of Maliki was important and allowed these laws to come forth and the sequence of these laws...the domino effect...from one law to another finally allowed things to happen. [Do you feel we have the security necessary in IRAQ?] YES I DO.
7-7-2015 Newshound Guru Millionday [Do you know if they ever passed the investment law?] THEY STATE THAT IT IS IN PARLIAMENT AND THEN WE HAVE REPORTS ABOUT HOW EXCITING THE LAW IS AND THE COMMITTEE COMMENTS ON ITS COMPLETION SO IT IS NOT CLEAR TO ME AT THIS POINT. THEY HAVE STATED HOW GREAT IT IS AND HOW THEY NEED TO HAVE IT OFF THE SHELF SO TO SPEAK. MY OPINION IS IT IS DONE AND NOT PRINTED.
7-6-2015 Newshound Guru sczin11 WHAT A DAY IN IRAQI POLITICS...THAT SNOWBALLS TO THEIR MR [MONETARY REFORM] AND ER [ECONOMIC REFORM], AND MOST OF ALL TO THE CITIZENS OF IRAQ...TEN LINE ITEMS IN THE HISTORIC 2015 BUDGET RULED UNCONSTITUTIONAL...WOW!! WHAT THIS ALL MEANS RIGHT NOW, IS OF COURSE NOT YET KNOWN...IT IS IRAQ!
7-6-2015 Newshound Guru Kaperoni Article: "Government banking sector seeks to open up to the world" These kinds of articles is exactly what we want to hear. They cannot keep the dinar weak much longer. Remember, many think it is grossly undervalued.
7-6-2015 Newshound Guru Millionday Article quote: "the advisers made a series proposals to the Prime Minister with respect to federal oil and gas law, to be completed in less than two months and sent to Parliament." THIS IS STATING THE HCL WILL BE FORMALLY OR IS EXPECTED TO BE DONE WITHIN A COUPLE MONTHS...THIS WILL REQUIRE RE-ACTIVATION OF ARTICLE 140 AS WELL...MANY LAWS ARE BEING ADDRESSED (THE IMPORTANT ONES) ---- AND THEY ARE REPORTEDLY USING THE OIL AGREEMENT NOW AND HAVE BEEN MEETING ON THE AGREEMENT MADE WITH ERBIL -- SO LOOKS AS IF THE LAW IS ALMOST DONE --- FORMALLY.
7-6-2015 Newshound Guru sczin11 Article quotes: "Central Bank praises the decision of the Federal Court declared unconstitutional additives on the Budget Law..." "Praised the Governor of the Central Bank of Iraq on the Keywords, on Monday, the Federal Supreme Court's decision to accept the appeal submitted to the bank on the budget materials..." HUGE SUPREME COURT DECISION IN FAVOR OF CBI...75 MILLION CAP, UNCONSTITUTIONAL ...I AM VERY CURIOUS TO SEE RESPONSES FROM ABADI JUBOURI ETC...TO THIS DECISION.
7-6-2015 Newshound Guru Aggiedad77 ...the Federal Court is announcing their stance on certain articles of the 2015 Budget...as we suspected they are calling them unconstitutional...especially that of Article 50...we also are seeing that the Finance Committee is attempting to regroup...
7-6-2015 Intel/Newshound Guru Poppy3 moment by moment, minute by minute we inch closer and closer. THE NEWS [GURU] MILLIONDAY CONTINUALLY BRINGS HAS AND CONTINUES TO PAINT THE PICTURE OF OUR STATUS FOR ALL OF US WHO READ EVERY WORD.
7-6-2015 Newshound Guru Millionday Article quote: "The al-Maliki trial today has become an urgent necessity..." [My question would be once the trail starts will Maliki be arrested and put behind bars?] I DONT KNOW. I KNOW HIS RESUME` LOOKS BAD. WE WILL ALL HAVE TO WATCH TO SEE WHAT THEY DO WITH HIM. [Do you think the trial will delay the MR?] NO -- THE TRIAL WILL NOT DELAY THE REFORMS -- IT WOULD NOT HAVE AN IMPACT AT THIS POINT AND WITH HIS POSITION IMO.
7-6-2015 Newshound/Intel Guru BGG [things have sure never been this exciting...] I would agree - can't say it means an immediate RV - but it is sure getting exciting...
7-6-2015 Intel/Newshound Guru tman23 As I had been saying... And now in ink, the Kurds are threatening the payments in USD... They would abandon the IQD altogether! A MAJOR THREAT for the CBI... Just another confirmation that we are in an excellent position to see change...
7-6-2015 Newshound Guru OOTW ...PARLIAMENT PUT OUT A PRESS RELEASE...THAT THEY'RE ADDRESSING THE CONTENTIOUS ISSUES ON THE NATIONAL GUARD LAW - THEY GAVE NO TIMELINE IN THE OFFICIAL PRESS RELEASE - THEY'RE WORKING ON IT. THERE'S NOTHING STATING AT THE PARLIAMENT SITE THAT I CAN SEE RIGHT NOW, THAT SAYS THEY'RE WAITING UNTIL AFTER EID TO PASS LAWS. MASSUM CAME OUT YESTERDAY AND SAID HE WAS GOING TO GIVE JOBOURI THE RIGHT TO PASS LAWS NEEDED FOR NATIONAL RECONCILIATION, INCLUDING ECONOMIC REFORM... MASSUM HAS GIVEN JOBOURI THE POWER TO PASS LAWS...
7-6-2015 Newshound Guru sczin11 PARLIAMENT OFF FOR 2 WEEKS. [ I thought parliament just got back...?] THEY DID, 4 days FOR THEM, IS A MONTHS WORK...THEY NEED TO REST NOW. IMHO, LOTS AND LOTS IS HAPPENING...MOST WE ARE NOT PRIVY TO, AND WONT BE, UNTIL IT HAPPENS...
7-6-2015 Newshound Guru wmawhite CNN...did a big piece on Maliki this morning. Tied together Maliki's failures to the rise of ISIS...and now we see more and more press about Maliki and the movement towards criminal charges tells me that europe/USA are telling the Sunni Tribal Leaders that true change is here...and there is so much more afoot...happening that is good for us.
7-6-2015 Newshound Guru Millionday Article: "Announced Rafidain Bank, announced the launch of banking cooperation with the International Foreign banks initiative." RAFIDAIN BANK HAS ANNOUNCED THEY ARE MOVING FORWARD WITH INTERNATIONAL BANKING RELATIONS -- HUGE NEWS. THIS IS AN IMPORTANT STEP PER THE FOREIGN REMITTANCE SYSTEM. [isn't internationally recognized a requirement for this?] IT COMPLETELY DEPENDS ON WHAT AGREEMENT THEY HAVE SET UP TO BEGIN -- THIS IS THE BEGINNING ACCORDING TO REPORT AND A HUGE ANNOUNCEMENT BUT THEY ARE NOT THE ONLY ONE THAT SHOULD BE MAKING THIS ANNOUNCEMENT. [Any idea as to when this is to start or has it started?] TO ENTER GLOBE -- THEY HAVE TO HAVE INTERNATIONAL EQUATION ACCORDING TO WORLD ECONOMIC LOGIC --- SO THIS IS A HUGE BEGINNING OF SOME GREAT NEWS IMO. NO DATE GIVEN. 7-5-2015 Newshound/Intel Guru BGG [Do you believe that Iraq must have a reality rate before they can get a good credit rate?] No - I do not... but I think both will happen.
7-5-2015 Newshound Guru wmawhite It is good to know that Abadi/GOI and Parliament is hearing from the rest of the financial world that these laws WILL be passed and enacted or Iraq will never be a part of the global economic community. And what did Abadi state when he last left Berlin at the World Economic Conference..."Iraq will join the World Economic Community." ...being in this investment means my bet is with Abadi.
7-5-2015 Newshound Guru tlm724 Article: "The advisers submit proposals to amend the federal oil and gas law to be completed within two months" to amend the federal oil and gas law to be completed within two months...to be completed in less than two months and sent to Parliament...well thats encouraging... the Council of Ministers completed more than 80 percent of the document the political terms of the agreement...getting closer...we all know how important this is and it's good news all around.
7-5-2015 Intel/Newshound Guru tman23 The #1 LAW on the Kurd list was the Federal Court Law. Nothing else matters unless this law is passed. What good are 'Laws' if there is not Judicial enforcement...And Maliki is the one who has orchestrated walk outs during the readings.
7-5-2015 Newshound Guru Bondlady Article: "Abdul-Mahdi announce the arrival of Iraq's production of "4.3" million barrels per day" thats awesome! and the most production ever...Very Happy.
7-5-2015 Newshound Guru tlm724 Article: "Urgent start of the parliamentary session in the presence of 235 deputies to read the general amnesty, accountability and justice laws" 4 sessions in the last 5 days! unheard of...Very Happy.
7-5-2015 Newshound Guru Stryker Aritcle Quote: "It should be attached to the mechanism of enactment of the law as a first stage administrative mechanism and executive-money laundering law, being gives confidence to the Iraqi economy and the confidence of the Transparency International organization and international organizations." These were the things that CBI Governor Ali Ismail was talking about March 3, 2015 when he said this: "This operation will be preceded by regulatory and administrative processes and the form in which it will start moving in," adding that "the Bank began creating currency models and training of cadres to it." And when he said that he was talking about this: "the project to delete the zeros is based has been put into practice and gave the green light to start with," noting that "The project needs a period of time may extend to two years or more." My point in bringing you this because these administration and regulations will be what keeps the bad guys from gaining from the new currency reform! So don't think the security and ISIS are the hold up, IMO there not!
7-5-2015 Newshound/Intel Guru BGG quite honestly - as I understand it - they are still missing a whole level of government intended to be something along the lines of our Senate. [I thought that Abadi wanted to give more power to the regions (states)?] so he says...let's see it. well - unfortunately the saying "Iraq is open for business" has come and gone...well - give the proclamation months and months and they are still in the middle of a very serious struggle.
7-5-2015 Intel/Newshound Guru Poppy3 I HAVE BEEN TOLD THEY ARE MOVING WITHOUT DELAY AS FAST AS THEY POSSIBLY CAN. THEY MUST SETTLE SO MANY DISPUTES FROM TRIBE TO TRIBE BUT ABADI IS A MASTER FROM PEOPLE I HAVE TALKED WITH AT BREAKING BARRIER AND GETTING PEOPLE TO WORK TOGETHER. HE JUST CAN ONLY BE AT SO MANY MEETINGS BUT IF YOU HAVE NOTICED AFTER EVERY DELAYED MEETING OR PUBLISHED DISPUTE WHEN HE ATTENDS THEIR NEXT MEETING THINGS GET SETTLED. HE IS PUSHING FOR COMPLETIONS OF ALL AND TO GET THE MONEY FLOWING FOR THE PEOPLE OF IRAQ AND AS POPPY3 HAS ALWAYS SAID WHEN THE PEOPLE OF IRAQ GET BLESSED WITH WHAT THEY WANT THEN WE WILL GET OURS.
7-5-2015 Newshound Guru Aggiedad77 Article: "Today the House of Representatives ratified the international conventions and discusses the insurance car accidents and the law of Islamic banks" Well kind of a ho-hum day in Parliament today [Saturday], yes there was some action but mostly be those pinch hitting it seems...the big guns were kept away from the table yet again...there was a second reading of the Islamic Bank Act...this was actually submitted by the Finance Committee... 7-4-2015 Newshound Guru OOTW ANOTHER ARTICLE CAME OUT ACCUSING MALIKI OF CRIMES OF GENOCIDE...HE'S BEING ATTACKED EVERYWHERE IN THE MEDIA. WHY NOW? BECAUSE THEY'RE ON THE HEELS OF TRYING THESE CASES. THE CORRUPTION SPREADS OUT LIKE A WEB.
7-4-2015 Newshound Guru Chattels so much of what is needed to cure what ails Iraq in the law(s) are interdependent - there is much to be done across the board to ensure the rule of law, justice and accountability.
7-4-2015 Newshound Guru Kaperoni Articles: "Rafidain Bank confirms his quest to support the national economy through cooperation with Arab and foreign banks" & "Rafidain Bank opens prospects for cooperation with Arab and international banks" This continues to be a good step in the right direction.
7-4-2015 Newshound Guru sczin11 [perhaps it is darkest before the dawn and indeed there is desperate progress being made and necessarily outside of the public eye.] THEY ARE SETTING THE STAGE TO TAKE DOWN ANY AND ALL CORRUPT OFFICIALS, PREPARING THE JUDICIAL SYSTEM TO NOT FEAR RETALIATION...IN ORDER TO ACCOMPLISH THIS, PROPER LAWS MUST BE IN PLACE SO THAT GLOBAL BACKING WILL BE PRESENT, AND INTERNAL OBJECTIONS, WILL NOT INTERFERE, WITH THE PLAN... AND THIS IS WHAT IS HAPPENING...EVERY ARTICLE THAT SOUNDS BAD FOR IRAQ, IS REALLY GREAT FOR THE PLAN.
7-4-2015 Newshound Guru OOTW MALIKI ENACTED LAWS LIKE THE ELECTRONIC TRANSFER LAW AND THE BUCHAREST CONFERENCE (LAW) WHICH REGULATES MONEY LAUNDERING (LAST YEAR AROUND JULY) SO HE COULD GET MONIES OUT OF THE COUNTRY...HE DOESN'T DO THINGS FOR THE PEOPLE. WE'RE SEEING HIS "WORK" COMING BACK TO HAUNT HIM. IT'S ONLY A MATTER OF TIME NOW. WE'RE FINALLY GOING TO SEE SOME DESERVING PEOPLE, PROSECUTED. [IYO are these legal issues a prerequisite for our mutual goal concerning the IQD? Is this one of the stability issues that Dr. S. [Shabibi] needs for complete economical reforms?] ALL I CAN SAY...IS THAT IF THE CORRUPT ARE NOT PROSECUTED, THEN HOW CAN INTEGRITY LAWS BE ENFORCED HENCEFORTH? WE HAVE A HUGE MONEY LAUNDERING ISSUE THAT'S RUNNING IRAQ RIGHT NOW. [so it is a stability issue?] IN PART YES.
7-4-2015 Newshound Guru Kaperoni Article quote: "...the Cabinet's decision to vote on the draft anti-money laundering law submitted by the central bank, which was put on according to the latest international standards and agreements and coordinate directly with the World Bank and the Financial Action Task Force and international organizations..." I don't believe I have seen it in writing in the IMF Article IV Consultations, but I would expect that such law would be a requirement also prior to acceptance to Article VIII. It has already been stated by a few, this is no slam dunk. To many corrupt Iraqis would prefer to keep stealing over the passage of this. It will be interesting to see how it is received in parliament.
7-4-2015 Newshound Guru Millionday [do we know if Baghdad had the Q Cards loaded yet?] THIS WEEK ALL ELECTRONIC EQUIPMENT WAS DELIVERED...NO NEWS ON THE CARDS BEING LOADED YET THAT I HAVE SEEN IN INK.
7-3-2015 Newshound Guru Kaperoni I will just say this when it comes to a LOP. A redenomination is a last resort, it is a sign of failed economic and monetary policy. Iraq though in tough times, has not failed. ...most of the worlds currencies float and Iraq will also when the time is right.
7-3-2015 Newshound Guru wmawhite ...do you remember all of those "trade agreements" that Iraq has been signing over the past couple of years? Those trade agreements are with countries...and those countries are similar to customers to Iraq and Iraq is similar to a customer to those countries. So think...trade...with over twenty (20) different countries that have different currencies. When Iraq introduces the IQD to the world currencies markets, these are some of the first countries that will start conducting international commerce with Iraq and the Iraqi Dinar.
7-3-2015 Newshound Guru Millionday [Have you found anything on the credit rating for Iraq on July 7th AND do you have to have a revalue IYO before the credit rating?] ...ALL I FOUND WAS A MEETING ON THE 7TH. I DONT THINK THEY HAVE TO REVALUE BEFORE THE CREDIT RATING BUT I WOULD THINK THE REFORM PLANS AND REVENUE EXPECTATIONS ETC WOULD BE RELEASED FOR THE RATING THOUGH OR AT LEAST THE SCHEDULE TO PAY ALL DEBTS.
7-3-2015 Intel Guru Frank26 [Is Iraq's credit rating still a go for July 7th?] iMO...They have it...We public Joe does not yet. Based on BONDS INTEL. We see international not domestic bonds. [I think EID would be a great time for the Iraqi citizens to receive their share of the oil revenue!] Was asked Monday if i feel 2015 is our year. Don't know...But do know this is the FIRST time we see the HCL in its full statuesque form on the operating table...THE FIRST YEAR EVER!
7-3-2015 Newshound/Intel Guru BGG it is my strong belief something has to happen soon - there is a lot of stuff going on over the next 10 days or so... the 50 class note, Maliki, trials, $$ shortages - very, very exciting times. ...they may be forced into some kind of currency reform - whereas before it was more a "planned event"... exciting times. ...do I care what the number?? or exactly when?? No - just get things going already!!
7-3-2015 Newshound Guru Chattels Article quote: "Iraq's autonomous Kurdistan Regional Government (KRG) is backing away from its troubled oil export and revenue sharing agreement with Baghdad, by allocating much more of its oil production to autonomous sales and seeking to renegotiate its fiscal relationship with Baghdad." CONTRARY TO CERTAIN COMMENTARIES...THE KURDS HAVE NOT BEEN AND ARE NOT HAPPY...
7-3-2015 Newshound/Intel Guru BGG now for the good news - they have regained their senses and restarted the auctions...which - in the short term - is better for everyone. Using USD to attract IQD on the cheap is a good way to go.
7-3-2015 Newshound Guru Aggiedad77 Article "Parliament's legal (et): next week will hold consultations between the three blocs to pass important laws" This is a sign of some positive action that could be coming up next week within Parliament....plans by the Legal Committee to get a couple of these more important laws pushed to the forefront of the Parliament agenda hopefully....the National Guard Law, the Federal Court Law, and the Law of Parties....apparently these are close to a vote and are believed to be doable in the very near future.
7-3-2015 Newshound Guru Kaperoni One thing is for sure, if oil revenues remain low, they cannot afford to liberalize the foreign exchange selling dollars for a continued period, the auctions are getting too big... The end result will be more patchwork and tricks. I know many ask the question..why don't they simply raise the value or begin currency reform as a solution? The answer is simple...Iraq is not ready yet...they need to pass laws, stabilize the environment, bring investment and investors, to create an environment that allows the dinar to rise as a means to offset inflationary pressure created by the transition to a market economy. This all works together, and for the success of the currency, the stage has to be set. As Dr. Bakri said, Article VIII will come after the reform...which puts even more pressure on Iraq to get this done since Article VIII is also very necessary to allow freedom of movement of capital (convertibility worldwide). 7-2-2015 Newshound Guru Stryker It sure looks like a new 50,000 dinar note will be introduced this month to the existing 3 zero categories. Not what we want to see but it is what it is, and this process is a very time concerning and the timing in launching it is vital to it's success. In other news the Central Bank is calling for parliament to speed up the Anti-Money Laundering Law so they can recover all the looted funds that have been removed and frozen all over the world. Also, the CBI is just waiting on Iraq's credit rating to come out so they can launch the offering of international bonds. In the meantime the domestic bonds will be launched this month if all goes well. Things may not seem to be going well but they are, success takes time...
7-2-2015 Newshound Guru Aggiedad77 Article "Interior announces the arrival of the first shipments of crude national card" Are we being provided with hints of the HCL to come...are these cards the precursor of how the citizens portion will be loaded and provided to them in an automatic and "e" function type of manner...wouldn't that just be the icing on the cake, maybe the cherry atop the ice cream...keep an eye on this process and see what it brings to the Iraqis.
7-2-2015 Intel/Newshound Guru tman23 [I want to know who "Keywords is"! They NEVER give a name...only KEYWORDS?] Governor of the CBI is "Keywords"... Minister of Oil is "Keywords"... Minister of Electricity is "Keywords"... The HIGHEST in office is the "Keyword"...everyone else speaking below them is not considered "Key"... Still confused? The person who has the authority is 'Keyword". Think of "Keywords" being replaced by "official statement".
7-2-2015 Newshound Guru Millionday Article quote: "...the adoption of the Council of Ministers to the law of money laundering will give a global trust for private banks..." THE COUNCIL APPROVED...THE LAW OF MONEY LAUNDERING --- THIS ADS CONFIDENCE IN THEIR BANKING INDUSTRY GLOBALLY AND WILL KEEP THEM OFF THE INTERNATIONAL "BLACK LIST". SO THE PASSING OF THIS IN THIS PARLIAMENT SESSION OF COURSE WILL BE GREAT NEWS AND HELP IRAQ IN THE GROWTH OF NOT ONLY THEIR BUSINESS BUT ALSO WILL GIVE WORLD CONFIDENCE.
7-2-2015 Newshound/Intel Guru BGG [now they are talking about the laws that need to get passed and just last week they were talking about the three presidents getting together and passing them by themself, what happened to that idea?] there is plenty of reference to the 3 presidents getting together... this is no secret. They are even talking about cooperation to advance various "laws"... what may be in question is exactly how they intend to do this - AND keep in mind, this is Iraq, it might not be completely out of the question they resort to some "extra-constitutional" method - especially if agreed to by a majority. However, having said as much I have been plain for a long time - we don't need an HCL (they have one) and we don't technically need more laws...IMHO will the 3 presidents concoct some form of a "parliament over-ride" - I highly doubt it... will they come to some mutual agreement - more than likely. The bigger issue - they had better do it quickly. Iraq is plainly headed to a dire state of austerity.
7-2-2015 Newshound Guru Kaperoni IMO, Currency reform needs to happen as soon as possible. Then they can comply with the IMF and get into Article VIII so the dinar is convertible.
7-2-2015 Newshound Guru My Ladies [...if Iraq gets credit rating on July 7th does that not mean simultaneous international rate?] WELL...HERE'S THE THING...IF IRAQ GETS A CREDIT RATING FROM THE MAJOR REPORTING AGENCIES WITH OUT HAVING A CURRENCY THEY WILL BE THE FIRST I HISTORY TO DO SO. NOW THIS WEEK WE ARE WATCHING AN AWFUL LOT OF FIRSTS...I JUST HOPE THAT IS NOT ONE OF THEM.
7-2-2015 Newshound Guru Enorrste Having said that, however, I believe that the CBI may have some other cards up their sleeves, although not many. A lot is riding on the large note introduction. It is essential in the mind of the CBI that the downward pressure caused by dollarization in Iraq be stopped, at least, before a change in the exchange rate regime is initiated. ...Allaq's statements indicates that he may believe that he can still stabilize the dinar's value through the auctions, as was done before. Once the currency value is stabilized then, in theory, they could move to a float. But the real desire, in my view, is to put upward pressure on the dinar, and the "hope" is that the introduction of the large notes will start that process away from the dollar. In the end, as KAP [Guru Kaperoni] has said many times, only investment within Iraq will ultimately provide the upward pressure that will significantly raise the dinar value. But at this point they have to stop the "bleeding" of the downward spiral in the dinar and the "running away" from it in favor of the dollar. It is a tricky time. [post 2 of 2]
7-2-2015 Newshound Guru Enorrste The plan, as I understand it, is to issue the large 50000 and 100000 notes in order to do two things: reduce the demand for the dollar within Iraq and allow for a reduction in the money supply. If the first does not happen, then the second cannot happen. Without a reduction in the money supply the value of the dinar will not rise. Actually, to put it more accurately, unless there is upward pressure on the dinar value the money supply cannot be reduced. Therefore, if the introduction of the large notes does not stem the demand for dollars then there will be no way to wean the country off of dollars and back to the dinar. Without more upward pressure on the dinar, the longer term plan is in jeopardy. [post 1 of 2....stay tuned]
7-2-2015 Newshound Guru Millionday TWENTY LAWS ARE SITTING WAITING FOR PARLIAMENT TO PASS RIGHT NOW -- REPORTEDLY THEY WILL ADDRESS THE MOST IMPORTANT LAWS FIRST... PARLIAMENT HAS STATED THAT THEY ARE PREPARED SERIOUSLY TO PASS THESE LAWS. FINALLY A PREPARED HCL IS IN PARLIAMENT AND THE AMENDMENTS COMPLETE. THEY HAVE STATED IN A FEW REPORTS THAT IF THE LAWS ARE CONSTITUTIONALLY SOUND THEY ARE GOING BE PASSED. MANY LAWS ARE SITTING SO ALL CAN BE PUT IN PLACE AT THE SAME TIME.
7-2-2015 Intel/Newshound Guru Poppy3 STANDING ON NEW RATE THIS MONTH...JUDGING FROM THEIR WORDS AND ACTIONS WE ARE LOOKING VERY GOOD THIS MONTH.
7-2-2015 Intel/Newshound Guru tman23 In 2011, Dr. Essawi (Finance Minister) and Dr. Shabibi drafted a Letter of Intent to the IMF... In this letter they described the policies to be initiated in which the major focal point was meters being installed at all oil production and export stations...This was near completion at the time of the LOI as stated in the letter...The Kurd region agreed to the monitoring meters in February 2014...The meters began "LIVE" reporting January 2015... The IMF regarding currency policy changes and revaluing... The IMF states; Specific laws DO NOT need to be in place... as long as they are in the process... That said; The CoM has drafted the laws...The Minister of Justice has reviewed and published them in 3 languages...The CoM has sent them to Jabouri and he has introduced them in Parliament... By IMF standards...The laws being in Parliament and in progress is good enough for a rate change... The oil meters are in place...electronically read!
7-2-2015 Newshound Guru Millionday TODAY IS FIRST DAY OF PARLIAMENT SESSION. THE IMPORTANT LAWS THAT COULD NOT BE AGREED ON ARE BEING PASSED THROUGH BY EXECUTIVE ORDER (THREE PRESIDENTS) ACCORDING TO REPORTS AND PARLIAMENT IS WORKING ON THE REST THIS WEEK. THE INVESTMENT LAWS WERE AGREED ON SO PARLIAMENT IS EXPECTED ACCORDING TO REPORTS TO FINISH THEM TO LAW. THE AMENDMENTS THAT WERE DONE WERE TO ATTRACT AS MANY INVESTORS AS THEY COULD. 7-1-2015 Newshound Guru tlm724 Article: "Abadi adviser: financial crisis a lesson for Iraq for the advancement of its economy and diversify sources of income" Saleh said Tuesday that the government is seeking to diversify the investment of oil revenues to develop some types of manufacturing, agricultural and service sectors. "Iraq is heading to the manufacturing, agriculture and services produced and not rely on oil." that would be a free market economy.
7-1-2015 Newshound Guru Chattels [so basically the 3 presidents don't need to wait on parliament to vote the laws through?] [THEY HAVE THE RIGHT TO USE EXECUTIVE ORDER FOR THE GOOD OF THE COUNTRY.] WHAT! EXECUTIVE ORDER? THE THREE PRESIDENTS, INDIVIDUALLY OR IN CONCERT, HAVE NO CONSTITUTIONAL POWER TO ENACT LAWS. CONSTITUTIONALLY, LAWS ARE ENACTED BY PARLIAMENT ALONE. PERIOD. END OF STORY. I FIND NO CONSTITUTIONAL BASIS FOR TRUNCATION OF SUCH PROCEDURES... THERE IS NO " FAST TRACK " FOR LEGISLATION...
7-1-2015 Newshound Guru Enorrste Article: "Parliamentary economy reveal the 50 thousand dinars coin put into the market this month" This is great news. It confirms my analysis, on the one hand, including the fact that they are moving forward more quickly. But it also puts to death the talk of a 50000 note marked 50 dinars, which will not occur until the value increases significantly. If we are lucky the 50000 note will become more attractive to the locals and the demand for the dollar will be assuaged. To the extent that this happens I predict that the 100000 note will be stepped up to no later than the 3rd quarter of this year. If, on the other hand, the 50000 note does not lower demand for the dollar, then all bets are off.
7-1-2015 Newshound Guru sczin11 LIKE MOST EVERYTHING ELSE WE READ, THE NEWS HAS HAPPENED, PAST TENSE...SO THE QUESTION REMAINS, WHY RELEASE THIS NOW? MORE DIVERSION FOR SOMETHING BIGGER TO HAPPEN OR BE RELEASED, THAT SEEMS TO BE LOOMING IN THE LIMELIGHT...SOMETHING IS HAPPENING...OH AND WAIT...DR. SINAN AL SHABIBI, SPEAKS AFTER SIX MONTHS OF SILENCE, SINCE HIS ACQUITTAL! HAVE WE HEARD ANYTHING FROM THE BANKS IN MOSUL SINCE JUNE 10, 2014, OTHER THAN ROBBED, CLOSED DOWN, CONTROLLED BY ISIS, ISIS MONEY BEING USED...AND TODAY WE HEAR FROM THE BANK OF JORDAN, REFERRING TO INTERVIEW OVER A MONTH AGO.... WHY MY FRIENDS???
[post 2 of 2]
7-1-2015 Newshound Guru sczin11 JORDAN BANK IN MOSUL STATES BUSINESS AS USUAL...MULTIPLE RELEASES AND VIDEO INTERVIEWS, THAT BANKS ARE OPERATING IN MOSUL, LIKE NORMAL! ...WHY IS THIS SUCH IMPORTANT INFORMATION? MANY HAVE CLAIMED NO potential change in value UNTIL ISIS OUT OF MOSUL...MANY HAVE STATED EITHER MOSUL BANKS WERE CLOSED OR RUN BY ISIS...MANY HAVE STATED WHY WOULD CBI potential change in value AND GIVE ALL THAT MONEY TO ISIS SINCE MOSUL IS RUN BY THEM...MANY HAVE STATED ISIS IN SUCH CONTROL OF THE COUNTRY THAT MR CAN NOT BE COMPLETED...WE HAVE HEARD REPORTS OVER LAST MONTH THAT MOSUL WOULD BE, IS, OR WILL BE LIBERATED SHORTLY...HEARING AND READING ALL THESE RELEASES, IS CONFIRMATION TO ME, THAT ISIS IS NOT HINDERING THE COMPLETION OF THE MONETARY REFORM, AGAIN, JMHO... [post 1 of 2....stay tuned]
7-1-2015 Intel Guru Mnt. Goat So Ramadan is now in progress... Ramadan continues to July 17th in Iraq and it will have little impact as to whether the RV happens or not. Two other events having little to no impact on the RV are the Iranian nuclear negotiations and the Greece bailout. So it has been many weeks already since the MASTERCARD implementation has taken place for Iraq. Many are using the cards abroad for spending but still NO RV. I have told you there would be NO IMPACT on the RV. If you are now going to ask me for a laundry list of exactly what must be done in order to complete the RV requirements I am sorry to disappoint you. There is no such list. No one is monitoring these events in relation to bringing back their currency online and completing Article 8 of the UN charter. Instead it is all about a satisfactory level of needed security and stability in Iraq. The RV will just happen and be a byproduct.
7-1-2015 Newshound Guru Kaperoni Article: "Parliamentary economy reveal the 50 thousand dinars coin put into the market this month" Looks to me they are speeding up the implementation. I remember [Guru] Enorrste on several occasions also stating he thought they would implement it sooner than later.
7-1-2015 Newshound Guru tlm724 Article quote: "noting that" the World Bank warned of the repercussions of the washing process taking place in Iraq, and the failure of the extremely dangerous." they have been warned and how! it is about to bite them in the butt unless they take quick action! ...it's in everyones best interest, the IMF, World Bank and UN to ensure Iraq follows the rules, that is why this is like a kick in the rear to motivate them to take corrective action NOW! It's truly a do or die situation and it only furthers our cause. they MUST pass the Islamic Banking Law and amend the anti-money laundering law and the banking law period! They are a separate entities from the budget! And remember the Governor of the CBI meet with Jubouri last week and said we must have these laws done! They have a 3 month window for compliance and we do not know when that window began!
7-1-2015 Intel/Newshound Guru tman23 Not only is Iraq in a monetary mess and seeking bailouts... Take note that Greece has an issue that carries over to the Euro and the condition of Europe as a whole...The world economies are defaulting...... The POINT IS...Japan and other such countries can not afford to continue to loan Iraq 1 billion dollars...They can not afford to keep supporting war efforts at a cost of 10 million per day to the US and have no action on Iraq's part... There was more then one reason for June being the "end of the road"... See the news!! If IQD is what we speculate it to be... WE ARE IN A GOOD SPOT!
7-1-2015 Newshound Guru Kaperoni Article quote: "The Iraqi government is planning to issue a total of USD 11 billion in domestic and international bonds in the next two months to cover the state budget deficit, the acting central bank governor said." Looks like all the bonds are issued in dollars. We will have to see if anyone is interested.
7-1-2015 Intel Guru Frank26 Try not to predict ...Anticipate nor guesstimate anything in this MR. Simply carefully analyze and comprehend what Is Given.
7-1-2015 Newshound Guru Millionday Article quote: "According to an Interior Ministry statement he received "eye Iraq News," that the meeting discuss the mechanics and the stages of completion and the progress of work in the card project, which will hopefully soon after its launch created a cadre of national card Affairs final preparations for it." THIS IS ABOUT THE MASTER CARD -- IT IS TALKING ABOUT THE FINAL PREPARATIONS FOR ITS COMPLETION. THEY USED THE CARD IN TESTING AND IT WORKED INTERNATIONALLY. THEY HAVE THE FIRST ARRIVAL OF THE EQUIPMENT TO USE THE NATIONAL CARDS IN IRAQ BUSINESSES AND ALSO TO TRAIN...THIS IS GREAT NEWS.
7-1-2015 Newshound Guru OOTW I WANT TO SEE HOW GLOBAL ECONOMIC ISSUES PLAY OUT - ALTHOUGH I THINK KEYWORDS IS NOT DOING A GOOD JOB, I'VE NO DOUBT THAT THE PEOPLE OVERSEEING THIS IN IRAQ ARE GOING TO BE WATCHING THE STATE OF GLOBAL WEALTH. NO COUNTRY IS AN ISLAND, ESPECIALLY IN TODAY'S ECONOMIC CONDITION/S. ...I WANT TO SEE THE ACTUAL PRIVATE SECTOR LAUNCHED - WHICH WE'RE VERY CLOSE TO SEEING. I DON'T MAKE PREDICTIONS..I JUST WATCH AND REPORT...THERE'S MANY STEPS NEEDED, AND EACH OF THOSE STEPS, CONNECTS TO ANOTHER SET OF STEPS..BUT WE ARE GETTING THERE, SLOWLY BUT SURELY.
7-1-2015 Newshound Guru Chattels [I could sure use some of the dinar at a 1 - 1 right now...NOW I want date and amount.] 1:1 would be a historic revaluation...10 cents would be a great return. Godspeed the completion of the Iraqi banking sector reform project.
7-1-2015 Intel/Newshound Guru Poppy3 I AM EXPECTING THE RATE CHANGE BEFORE THE END OF THIS MONTH...MEANING JULY... JUST JUDGING FROM...ACTIONS WE ARE SEEING ON WHAT THEY HAVE BEEN SAYING. ...IF THEY CONTINUE WITH ACTIONS AS THEY HAVE BEEN THE POSSIBILITIES LOOK PROMISING IN THIS NEXT 30 DAYS.
7-1-2015 Newshound Guru firefly Stop looking for a date. WATCH what they are doing. Things are HOT, HOT, HOT.
7-1-2015 Newshound Guru Millionday Article quote: "The leader of the Iraqi National Alliance that «Abadi has long complained of Maliki interventions and influence in the government and in the security file being Maliki still has influence in the security services..." [... so M is out, if so does this open the doors for the 3 pres. to get things a moving?] ACTUALLY THEY ARE MEETING THIS WEEK TO USE THEIR EXECUTIVE POWERS TO MOVE FORWARD THE IMPORTANT LAWS THAT HAVE BEEN POLITICALLY STALLED
7-1-2015 Newshound Guru tlm724 Article: "Prime Minister Dr. Haidar al-Abbadi heads the regular session of the Council of Ministers" The Council of Ministers approved a draft anti-money laundering law...now we're talking. this along with the second reading of the Islamic Banking Law on the 2nd makes me very happy!
6-30-2015 Newshound Guru Millionday Article quote: "Topped the economic headlines of newspapers on Monday, calls for legislation Islamic banking law and the achievement of the Islamic National Bank..." THE CALL FOR LEGISLATION FOR THE ISLAMIC BANKING WE KNEW WAS DECIDED UPON ACCORDING TO REPORTS RELEASED/PRESS STATEMENTS. THE LEGISLATION WAS CALLED FOR YESTERDAY TO BE OUT IN PLACE SO THEY CAN MOVE FORWARD WITH THE TRANSITION OF A MARKET ECONOMY WHICH IS CALLED FOR IN THEIR CONSTITUTION. THIS SURE LOOKS AS IF EVERYONE IS WORKING EVERYWHERE -- VERY EXCITING. THE NEXT PARLIAMENT SESSION BEGINS WED.
6-30-2015 Newshound Guru OOTW [Is the HCL included on the agenda for July 1st and 2nd?] I'M NOT ONE OF THOSE WHO THINK WE HAVE TO SEE HCL IN ORDER TO "R---V".
6-30-2015 Newshound Guru Aggiedad77 Article "Twenty legally bag in front of the parliament in the second legislative year" New legislative year opening up...but some old laws still are laying on the table....National Guard Law, Amnesty Law, Political Parties Law, Investment Law amendments, and the granddaddy...oil and gas law...where will they all end up in the shuffle of things...the roulette table turns and turns.
6-30-2015 Newshound Guru tlm724 "The agenda of the [Parliament] session number (2) Thursday 2 July 2015: Sixth: The second reading of the draft Islamic Banking Act. ( Finance Committee , the Committee of Religious Endowments and Religious Affairs , the Legal Committee ), (16 articles)." so we have the second reading of the Islamic Banking Act and meetings back to back! one session on the 1st and one on the 2nd. *hallelujah*.
6-30-2015 Newshound Guru Aggiedad77 The news is full of good information IMO...economic recovery action, word of IMF loans, bonds both domestic and international...that has to mean a decent credit rating in the works I would think... strong work by the COM on a draft money-laundering law...turn this loose on Parliament ASAP.
6-30-2015 Newshound Guru OOTW [GURU] SCZIN FOUND AN ARTICLE STATING THAT TOMORROW'S SESSION WAS GOING TO BE TO DISCUSS DRAFT LAWS AND WOULD HOLD NO VOTING. WE'LL HAVE TO WAIT AND SEE IF THAT PROVES TRUE, BUT AT LEAST THEY'RE GOING TO DISCUSS THE LAWS. PERHAPS THE ARTICLE ...STATING THAT THE "TRANSACTIONS FROM HOME" PROJECT HAS BEEN SLIGHTLY DELAYED IS IN PART DUE TO THE FACT THAT ISLAMIC BANKING ACT NEEDS TO BE PASSED SO THEY CAN PERFORM CURRENCY TRANSACTIONS UNDER THIS LAW - I CAN'T SEE HOW THEY CAN WITHOUT THE ISLAMIC BANKING ACT...WE'LL SEE. I THINK THE FACT WE'RE SEEING THIS ON THE AGENDA FOR THIS WEEK IS A VERY GOOD SIGN THAT THEY ARE MOVING AHEAD WITH ECONOMIC REFORM - THEY HAVE TO HAVE BANKING PROTECTIONS IN PLACE... IT'S ALL VERY GOOD...THIS IS THE KIND OF THINGS WE WANT TO SEE NOW.
6-30-2015 Newshound Guru Millionday Article Quote: "House Speaker Salim al-Jubouri detect the resumption of the three presidencies meeting next week...the meeting will engage the head of the Supreme Judicial Council to turn the meeting the name of the three presidencies to the three powers', adding that' meeting will focus on finding consensus on certain paragraphs of broken laws because of political differences." THE THREE PRESIDENTS HAVE THAT RIGHT -- SO THEY WILL BE ADDRESSING THE IMPORTANT LAWS THIS WEEK...THEY CAN PUSH THEM THROUGH...THIS IS GREAT NEWS. [so basically the 3 presidents don't need to wait on parliament to vote the laws through?] THEY HAVE THE RIGHT TO USE EXECUTIVE ORDER FOR THE GOOD OF THE COUNTRY.
6-30-2015 Intel Guru Frank26 [...info about the BONDS was exciting because I know if they are selling them with a new rate it won't be long before they will have to show the world.] The intel...The logic of The Bonds is re-assuring about DRS [Dr. Shabibi] MR [Monetary Reform] in progress. DRS is showing a commitment for July to show us many congruent steps. The Lava Flow is a long train running. The Bonds are a car of this train. Very close to...The Caboose.
6-30-2015 Newshound Guru Millionday Article quote: "Center Brief published import and export text instructions, approved by the Committee on Economic Affairs in the Council of Ministers." IT IS THE ORDERS AND FORMAL INSTRUCTIONS FOR IMPORT/EXPORT FOR IRAQ -- IN OTHER WORDS --- GLOBAL TRADE. CBI SAYS THEY HAVE ALL MONEY READY AND ABADI HAS CALLED FOR ALL LEGISLATION TO BE PUT IN PLACE TO GO TO A MARKET ECONOMY IN INK. IMHO --- WE ARE CLOSE. 6-29-2015 Newshound Guru OOTW MALIKI'S DOING HIS BEST TO START SECTARIAN INFIGHTING NOT ONLY IN PARLIAMENT BUT IN THE COUNTRY... DISTRACTION FROM TRIAL...I REALLY THINK THEY HAVE TO ALLOW ANY OFFICIAL TRIAL OF MALIKI TO THE OVERSIGHTS OF THE INTERNATIONAL CRIMINAL COURT BECAUSE ANY MALIKI FOLLOWERS IN GOVT MAY TRY TO INCITE SECTARIAN VIOLENCE...THIS IS GETTING HOT HOT HOT.
6-29-2015 Intel/Newshound Poppy3 INFORMATION IS TELLING US ALL THAT LIGHTNING IS ABOUT TO STRIKE. ABADI PROMISED PEOPLE WOULD START GETTING PAID AND TO JUST BEAR WITH HIM AND THE ADMINISTRATION TILL JUNE AND THINGS WOULD GREATLY IMPROVE. MORE BUYING POWER AND THE PEOPLE ESPECIALLY THE WIDOW AND WAR VETERANS THAT HAVE SACRIFICED. IN COMPLETING THESE OBLIGATION HE HAS TO COMPLETE REFORM AND THAT IS WHAT WILL GET US PAID AS WELL. ALL ARE GOING TO BENEFIT FROM THEIR EFFORTS SINCE HE HAS TAKEN OFFICE. BIG CHANGES ARE TAKING PLACE AS THE NEWS TELLS US. IF YOUR NOT EXCITED AND ON FIRE THEN YOUR WOOD MUST BE WET.
6-29-2015 Intel Guru Hub [I will say this, up until 2010 Banks were selling the Dinar. Then out of nowhere they stopped and called it a scam. Interesting change of events...hmmmmmm.] the truth is it can not be a scam, it is Iraqi currency, it could be a fraud, but the whole of Iraq depends on this currency to operate their economy at some point, sooner than later.
6-29-2015 Newshound Guru Millionday Article quote: "Dr. Sadeq al-Shammari during the annual meeting of the Islamic National Bank Islamic banks...noting that the bank was able to raise its capital to 251 billion dinars based on the directives of the Central Bank of Iraq." IRAQ IS WORKING ON PLACING LEGISLATION THAT COMPLIMENTS THEIR PLANS OF REFORM...THIS IS THE MOVE TO THE ISLAMIC BANKING LAWS...INTERNATIONAL BANKING WILL BE THE ENTIRE CONCEPT OBVIOUSLY. THIS IS THE MEETING AND THE PLAN -- NOW THEY HAVE CALLED FOR ALL OF THE LEGISLATION TO MOVE FORWARD WITH REFORMS. ALL REFORMS COMPLIMENT EACH OTHER SO ALL REFORMS WILL HAVE TO BE DONE AT ONCE. [if international banking is utilized would they have to have an international recognized currency?] THEY WOULD HAVE TO BE RECOGNIZED INTERNATIONALLY. [Sure smells of Basel 3 compliance to me!] I AGREE.
6-29-2015 Intel Guru Hub think of this, when Iraq opens all the construction, military, and other contracts they have in place, can they do it at 1166 figure. NO, their currency is not a tradable internationally accepted money at this time. Can you deal in dinar, no, we bought it through currency brokers, bankers, etc. but try to use it. you cant even take it to the bank and do anything with it. what does it need to go international? a value and to be recognized by the world. so all that to say this...i think all these articles and specially the two or three that say they need to value their money means we are right there.
6-29-2015 Newshound/Intel Guru BGG in fact, you can pretty much figure out how much they are taking off the streets by checking the numbers – and project it out a few days/weeks – they can pull TRILLIONS of Dinar out of circulation. That is a BIG MOVE. I have insisted (for a long time) Iraq had no more than 40 Trillion (EVER) in circulation. They have recently admitted as much… but if they were able to extract 10 Trillion over some short period of time – it could make a big difference – in fact, I doubt they have 25 Trillion surviving and in circulation. [post 2 of 2]
6-29-2015 Newshound/Intel Guru BGG [can you explain why the auctions are so important now? why the high sales numbers have significance?] a number of ways – a number of times – they have tried to come up with a method to take as much of the 000 notes off the streets PRIOR to a shift in value… Obviously – to make it cheaper in the long run (for the CBI)…each time – only to be thwarted by some political agenda not common to ours (and the people). [so this is the CBI allowing these high volumes? to try to correct the situation?] recently - we have speculated – these large auctions are doing two things…1) helping to stabilize the current exchange rate…2) extracting the big notes out of circulation using USD to do it (instead of more expensive “post-RV” currency)… and there may be a significant side-benefit (removing some big notes)… [post 1 of 2....stay tuned]
6-29-2015 Newshound Guru OOTW [IF TARRIFS ROLE OUT AUG 1, DOESNT IRAQ NEED A RATE BETTER THAN 1166?] ALL I CAN SAY IS THAT IN THE "50/100K" ARTICLES QUOTING SALEH, HE SAID THAT THE RESERVES SUPPORT A "DOUBLE" ING OF VALUE OF THE DINAR..THE RESERVES SUPPORT THIS TWICE OVER...AND HE SAID THAT WE WOULD SEE THE VALUE OF THE DINAR "DOUBLE" TO OFF SET THE TARIFFS...WHAT REALLY WILL HAPPEN, I DONT KNOW. WE DON'T KNOW FOR SURE WHEN SALEH SAYS WE HAVE DOUBLE THE RESERVES TO BACK THE CURRENCY HOW / IF THAT WILL APPLY TO A RATE...
6-28-2015 Intel/Newshound Guru Poppy3 FOR THOSE WHOM DONT UNDERSTAND THE DIFFERENCE BETWEEN BEING BROKE OR BEING OUT OF MONEY. OUT OF OPERATIONAL MONEY IS IRAQ'S DESPERATION THEY ARE OUT OF OPERATIONAL CAPITAL ( CASH FLOW PROBLEM ) DOESNT MEAN THEY ARE BROKE WHEN IN FACT THEY ARE AND MAY BE THE RICHEST COUNTRY IN THE WORLD. ESPECIALLY FOR THEIR SIZE BUT THEY HAVE ASSETS TO BURN AND BELIEVE ME IN THEIR SITUATION TODAY THEY ARE BURNING MILLIONS A DAY WHILE TRYING TO COMPLETE ALL THE REQUIREMENTS THEY MUST MEET BEFORE THEY CAN GO GLOBAL. WHEN THEY COMPLETE THEIR REQUIREMENT LAID OUT BY THE IMF, WORLD BANK, UNITED NATIONS I ASSURE YOU WE WILL IMMEDIATELY WILL SEE A RATE.
6-28-2015 Intel/Newshound Guru Poppy3 GREECE NOT HOLDING ANYTHING IN IRAQ UP PERIOD...
6-28-2015 Newshound Gurus OOTW and sczin11 ANNOUNCEMENT TO THE WORLD... Abadi Office: "Start your transaction from your house," the first step for electronic governance JUNE 28 2015..." THEY GOING TO START ALL BANKING TRANSACTIONS, AS WELL AS GOVT COMMUNICATIONS (FOR THE CITIZENS) DIGITALLY, ELECTRONICALLY... THIS IS FOR ALL TRANSACTIONS INCLUDING PENSIONS, BUYING GOODS, EVERYTHING. THIS TIES IN WITH THE UN VISIT TO SET UP THEIR DIGITAL BANKING SYSTEMS. THEY DONT NEED THE UN TO HELP THEM UNLESS THIS IS GOING TO WORK ACROSS BORDERS. THEY WOULDN'T NEED THIS ONLY IN IRAQ...THEY LAUNCHING THE PRIVATE SECTOR AND THAT SUPPORTS THE CURRENCY WITH SOMETHING OTHER THAN OIL. I KEEP HARPING ON THE PRIVATE SECTOR BECAUSE ITS' KEY. THE PRIVATE SECTOR , THE KEY TO ANY NATIONS ER AND MR [ECONOMIC REFORM AND MONETARY REFORM], HAS BEEN LAUNCHED...PERIOD! [post 2 of 2]
6-28-2015 Newshound Gurus OOTW and sczin11 RIGHT NOW IRAQ HAS ACTIVATED THEIR PRIVATE SECTOR DEVELOPMENT AND AT THE FOREFRONT OF THIS IS IMPORTING AND EXPORTING REGULATIONS. ...THEY NEED TO CREATE JOBS AND HAVE THEIR OWN GOODS TO SELL TO IRAQI'S TO BOOST ECONOMIC DEVELOPMENT WHICH WILL FURTHER SUPPORT THE VALUE OF THEIR CURRENCY, IE STOCK IN IRAQ – REMEMBER CURRENCY = STOCK IN A COUNTRY. NOW LOOK AT THIS... [post 1 of 2....stay tuned]
6-28-2015 Newshound/Intel Guru BGG [If I were an Iraq citizen and my neighbor Kuwait was rich because their currency was at 4 and mine was at 1166, I would be throwing a fit by now. Cant the people and government see the huge disparity between the 2 countries and do they not realize the problem.] ...there was word getting out of Baghdad over the last couple of weeks about demonstrations brewing over the exchange rate of the Dinar...they have been following this as we have. Maybe not as close - expecting something to happen...they are getting restless - in fact, this recent "weakening" of the Dinar nearly got something going Abadi couldn't handle...
6-28-2015 Intel Guru Already Blessed [new guru] [We definitely don't know for sure if the Greece situation affects in anyway the RV...] OUR INFORMATION IS THAT GREECE IS DEFINITELY AFFECTING THE RV BEING RELEASED TO THE PUBLIC AS IT WOULD BE A FIASCO IF GREECE DEFAULTS AT THE SAME TIME. I DON'T KNOW THE PLAN FOR RV IF GREECE DEFAULTS.
6-28-2015 Newshound Guru Enorrste [You... have spoken before about how large investors will possibly get on board once they see it beginning to trend. So do we picture them as providing the momentum to keep it pushing higher?] I personally believe that once the exchange rate regime is changed to a free float mechanism that there will be significant interest from the financial community in the dinar. At this point it is not tradable on Forex or any other electronic media. But once it becomes internationally tradable then speculators will begin to look at it . When they do so they will see that the reserves of Iraq are huge in relation to the value of the money supply. Then, just as they would buy up an undervalued stock, they will begin to buy up an undervalued currency. One thing will lead to another as the ticker begins to move upward, and interest will grow and grow until it overwhelms the system. That is how I see it.
6-28-2015 Newshound Guru Millionday JULY 1ST -- FIRST SESSION FOR IMPORTANT LAW -- IMF MEETING ON IRAQ`S MONEY---JULY IS THE HUGE HUGE SHOPPING INTERNATIONAL MEETING -- HUGE [Do you still think they have a date they are committed to to get this done?] I THINK THEY HAVE HAD A DATE FOR THE WHOLE TIME -- WE JUST DONT KNOW WHAT IT IS SO WE WATCH WHAT THEY DO IN INK...WHO MAKES A PLAN OF CHANGE LIKE THIS WITH NO DATE?
6-28-2015 Newshound Guru My Ladies I WANT TO BE CLEAR THAT WE ARE IN NO WAY DRAWING A STRAIGHT LINE FROM GREECE OR IRAN TO IRAQ AND THE DINAR. WE DO NOT THINK THAT GREECE OR IRAN IS HOLDING UP THE TRADING OF THE DINAR. WE KNOW THAT A NEW BANKING SYSTEM IS COMING IN, WE KNOW THAT THE SDR MODEL IS COMING TO PASS, AND WE KNOW THAT WITH ALL THE CHANGES THAT ARE HAPPENING THAT IRAQ WILL HAVE TO CHANGE TOO. IRAQ WILL BE REACTIONARY TO THE ENTIRE BANKING SYSTEM AND IMF MONETARY REFORMS. AND THEY WILL REACT REGARDLESS OF WHAT IS GOING ON IN THE COUNTRY WHEN THE TIME COMES.
6-28-2015 Newshound Guru Aggiedad77 Article: "Economic adviser to the servants, the central bank must find a realistic price for the price of the dinar exchange Intasp with oil prices" I so enjoy reading things when Dr.S [Dr. Shabibi] and Dr. Saleh appear to be doing things in tandem...a coordinated effort of sorts it would seem...let them crow because they know what is coming...aligning the price of the dinar with oil, maintaining stability to ensure a smooth progression of the MR [Monetary Reform]. They understand what it will take to fully see the original dream for this currency to once again thrive. The politicians have not a clue to its true inner workings and thus need to stand clear and watch and be amazed at the end result for Iraq and the world. 6-27-2015 Intel Guru Mnt Goat ...there is another version of HCL too that Kurdistan needs implemented. It is mainly to address the sale of independent oil from Kurdistan to other countries beyond the Badgdad quotas set by the government to meet their budget requirements. This is an ongoing issue with the Kurds and they need this resolved. Could this hold up the payments of the oil revenues to the citizens? Sure it can and may be the reason why they have not yet paid them. Could this hold up the RV? Sure it can since the USA wants good faith and must see these payments happen before they feel HCL is fully implemented. [post 2 of 2]
6-27-2015 Intel Guru Mnt Goat I want to talk about these...international MasterCard transactions once again that seem to be the basis for the RV from some...don’t expect any RV even if these MC cards go live internationally. The Mastercards are tied to FIXED rates in a database. These rates are for government programs and FIXED rates and not tied to the floating currency exchanges in any way or fashion... these MASTERCARD events are for the SMART cards and not the “National” Cards. The “National” cards are NOT for these government programs such as retirement, salaries, pensions, food program, etc. The “National” cards are mainly for the oil revenues distribution sharing to the citizens. YES - if you are thinking HCL you are correct. Remember these payments were supposed to begin in a June – July timeframe. They fully plan to execute their plan on time to distribute these funds...they have the full month of July yet to make good on their promise to the people. I fully expect this event to happen and hear news of it very soon. [post 1 of 2....stay tuned]
6-27-2015 Newshound Guru Enorrste Article: "The central bank's "Tomorrow Press:" the project to delete the zeros will be applied beginning of the year 2017" This is an important article because it comes directly from the mouth of the head of the CBI. Furthermore, he is stating that he "expects" the beginning of the removal of the large notes to begin in early 2017. By stating this in this way, Allaq has left the door open a little bit. As investors we have come to learn that this is a process that will begin with the change in the exchange rate regime from a fixed rate to a floating rate for the currency. This is essential PRIOR to the beginning on the removal of the large notes. Therefore, we can look with confidence for a change in the exchange rate regime within the next several months, in my opinion. Then, according to the way I understand Allaq, he is allowing about a year or so for the value of the dinar to rise to a point at which the "beginning" of the removal of the large notes will take place. By early 2017 it will not surprise me to see the rate down to 100 or 200 to 1 for the dinar.
6-27-2015 Intel Guru SteveI Topic: "Japan calls for Iraq to pay its dues working in the field of energy" You will start seeing more of these demands in the near future. Iraq is under tremendous pressure to get this done (value that is) and start moving their country forward like planned for years.
6-27-2015 Intel Guru Mnt Goat Just the past week we read articles telling us about sending charges of TERRORISM and GENOCIDE to the international court of the Hague. I have told you many times there will be no RV until Maliki and his goons are gone and out of the any influence in Iraqi politics. So all is good in the news. Iraq is moving forward with the new laws. They are moving ISIS out of Iraq. Deals are being made to move Iranian influence out of Iraq too. I believe Erbil is in fact all completed and we are just now waiting for the final votes on the many laws and the announcement of them to us. I suspect this could happen in the next couple weeks. They know we are watching for these events and so they try to hide them from us since they know this is PART of the key to triggering the RV. [post 2 of 2]
6-27-2015 Intel Guru Mnt Goat There is...disinformation being spread concerning that the saving of the Greece economy and Iranian deals are holding up the RV. Really? I can assure you these other events are all mostly unrelated and not the reason for any hold up in revaluing the Iraqi dinar. No – the USA is not now holding it up again! Ramadan is now in progress...Ramadan continues to July 17th in Iraq and it will have little impact as to whether the RV happens or not. We still see parliament meeting and in fact they just announced this past week they intent to schedule a session on this coming Wednesday and vote on a “package” of 150 laws...they must implement them together since one can not work without the others. Another connection is the Justice reforms and how they fully intend to prosecute these corrupt leaders from the past Maliki administration... [post 1 of 2....stay tuned]
6-27-2015 Newshound Guru Millionday "Baghdad confirmed the Legal Committee in the House of Representatives ratified frankincense, Thursday, that the next legislative term will vote on important legislation, noting that it is possible to vote on some of them in the first sessions of the legislative term." SO AS WE SEE HERE ALL LAWS OF IMPORTANCE WILL BE DEALT WITH THE FIRST OF THE SESSION --- HCL IS THERE ALREADY ACCORDING TO REPORTS. [Any idea when the next session starts?] IT IS THE 1ST OF JULY. FOR THOSE OF YOU THAT WERE AROUND WHEN THE PLAN HIT THE CBI SIGHT-- YOU KNOW WHY THIS IS AN EXCITING TIME... IT WAS WRITTEN BY SHABIBI AND UPDATED AS IT WAS COMPLETED...
6-27-2015 Newshound Guru Aggiedad77 I believe in more ways than one DrS [Shabibi] is crowing big time, himself and through his protege Dr. Saleh...together they understand the MR...they understand how the CBI truly must be able to function in order to maintain economic stability and the lowest of inflation rates. Their guidance will keep Iraq on the straight and narrow through all the political fog that is blowing their way at this time. The noise from the Finance Committee continues to be just that, noise...put your ear plugs in....they don't seem to want to give up easily...What they have going against them...and what Iraq has going for it...is the knowledge that Dr.S understands what remains to be done to complete the process that he started years ago...it's coming...the BEST is yet to come.
6-27-2015 Newshound Guru sczin11 LARGE DENOMS IN 2017? NO WAY...THERE WAS A RELEASE LATE YESTERDAY, THAT KEYWORDS ANNOUNCED DELETION OF THE ZEROES PROGRAM WOULD BEGIN IN 2017...IN THE LAST 48 HOURS, IT WAS REPORTED THE NEW 100 AND 200K NOTES WOULD BE RELEASED IN 2017...DURING THE SAME TIMEFRAME, IT WAS REPORTED THE 50k NOTES WOULD BE RELEASED END OF THIS YEAR, OR EARLY 2016...THE ARTICLE STILL STATES "EXPECTED" AND NOT ON CBI WEBSITE...NOT EVEN SURE THEY KNOW WHAT IT MEANS..I SURE DONT...WHY DELETE THE ZEROES AT THE SAME TIME AS ISSUING NEW LARGE THREE ZERO NOTES? IN MARCH GREEN LIGHT GIVEN FOR PROJECT TO BEGIN...
6-27-2015 Newshound/Intel Guru BGG [QUESTION IS WHEN ARE THEY ROLLING IN THESE 50'S?] IMHO... the original version explicitly said "category of 50,000" - NOT a 50k note per se...which means (loosely) - a category WORTH what a 50k note would be worth...IMHO...further - it is very interesting the auctions are a high as they are right now...they have stabilized the exchange (to some extent) and are getting big notes off the street using USD (translates to VERY CHEAP)...right now - if this goes on much longer - they will be in an ideal position to execute some kind of move - (all IMHO).
6-27-2015 Newshound Guru Millionday "General Company for Trade Iraqi business services at the Ministry of Commerce for the opening near the first Baghdad Shopping Festival and on the land of the Baghdad International Fair... runs from 12 up to 18 of the next month of July will participate by 1,200 companies from different countries including Turkey, Syria, Egypt, Iran, India, Pakistan, Lebanon, United Arab Emirates, Jordan and Kuwait." WILL CREATE A COMPETITIVE ATMOSPHERE AGAIN --- WHHHOOOPOW. NOW LETS SEE IF WE CAN EVEN BEGIN TO SEE THE PROGRESS THAT IRAQ HAS MADE. I AM VERY EXCITED TO SEE THIS AND ALL THAT IS GOING ON. [how can they have a shopping festival and spend money?] I WOULD LIKE TO KNOW TOO...LOOK AT THE COUNTRIES COMING. [how in the world can Iraq host this event with all the countries listed with out an internationally tradable currency. ...do you think they all will be satisfied to complete with 1166 rate?] WE SHALL SEE.
Read more: http://www.dinarguru.com/#ixzz3fmJT4uyC
6-26-2015 Intel/Newshound Guru Poppy3 [ISIS IS STILL HOLDING DOWN 1/3 OF IRAQ.] BULL MEDIA LIES, SORRY JUST NOT TRUE PERIOD --- AND THAT FROM COMMANDERS ON THE GROUND IN IRAQ.
6-26-2015 Intel/Newshound Guru tman23 The FLOAT that is spoken of by some is NOT practical for a developing country... AND INVESTORS...DO NOT LIKE IT! THE QUESTION IS WHAT DID JABOURI ADD TO THE INVESTMENT LAW THAT EUROPE RECOMMENDED AS A REQUIREMENT FOR THEM TO INVEST!
6-26-2015 Newshound Guru Kaperoni Article quote: "A source familiar with: Central bank director on the Keywords taking pulls from Bank reserves, without offset to face the climb in the dollar exchange rate" [Iraq cannot sustain these levels at auction without cannibalizing the reserves, they just don't make enough from oil revenues.] I agree... And one of the tools on our side is those huge numbers. Until the CBI raises the value of the dinar, complies with Article VIII so they can get off the dollar, the auctions will continue. So Iraq does not have years to wait.
6-26-2015 Newshound Guru My Ladies THIS IS RIGHT UPON US NOW AND IRAQ WILL REACT TO ALL THE PROGRESS AND CHANGE THAT'S COMING. [we still leaning towards July for the banking system to go live as a possible month for the repricing?] YES I THINK WE ARE. ...I WILL BE DUMB FOUNDED IF IRAQ GETS A CREDIT RATING WITH OUT THE DINAR TRADING FREELY. GET EXCITED BUT I'M TALKING ABOUT MONEY MOVING GLOBALLY NOT NECESSARILY THE DINAR TRADING...BUT I AM HOPEFUL THE DINAR WILL TRADE IN JULY.
6-26-2015 Intel/Newshound Guru tman23 The citizens in Iraq are not losing confidence, THEY HAVE LOST IT! Citizens of Iraq are lacking courage, and just as proven by military recruiting at a LOW POINT. The one FACT and it is written by the IMF and other monetary study groups... A HIGH VALUED CURRENCY brings/delivers CONFIDENCE, COURAGE, and HONOR to the people...Take note HIGH VALUE! Iraq needs to deliver to the citizens, they need to open their market economy. The market economy is not going to be developed overnight and so that being said, it is not a quick solution or even near term. The taxes will bring money quickly but that takes from the pockets of citizens who already are poor and lack confidence. We are not waiting for 2017. We are not waiting for 2016. We are not waiting for September. The time is NOW! We are waiting in the moment! They are planning for the moment! They need it NOW!!
6-26-2015 Newshound Guru Kaperoni Article quote: "there are more than 150 projects whose law had been read a second reading or what has become ready for a vote will go through the legislative term, which will begin next week," Now were talking! Pass them laws in a basket.
6-26-2015 Intel/Newshound Guru Poppy3 ...REMEMBER ABADI STATED BEAR WITH THEM TILL JUNE? MANY PREPARATIONS HAVE BEEN COMPLETED THIS MONTH...THE TARIFFS WILL NOT PRODUCE ANY $$$$$ AT THIS LOW RATE AND THE BONDS WILL NOT SELL UNLESS ASSIGNED A RATE AND HAVING A BACKER THAT HAS A CREDIT RATING TO WITHSTAND...THEY DONT HAVE EITHER YET.
6-26-2015 Newshound Guru wmawhite Article quote: "International Criminal Court's decision to refer the Iraqi Prime Minister Nuri al-Maliki and his aides to court on charges of genocide" With Iraq wanting to join the world community and to change its image, they will not be able to ignore this. The PM and GOI will need to cooperate with this.
6-26-2015 Newshound Guru Millionday Article quote: "International Criminal Court's decision to refer the Iraqi Prime Minister Nuri al-Maliki and his aides to court on charges of genocide..." NOTE -- INTERNATIONAL--CRIMINAL--COURT. genocide == HAS BEEN USED THROUGHOUT HISTORY --- IT IS A REFERENCE TO HUMANITARIAN ABUSES... THEY MAY ACTUALLY HAVE FOUND SOME IN THIS CASE...IT APPEARS THE CHARGES HAVE BEEN MADE PUBLIC. [where does this leave with the CBI since the person in the CBI was appointed by Maliki.] HE IS PROXY AND IT HAS BEEN MADE CLEAR THAT THE PLAN IS OF COURSE TO HAVE APPOINTED GOVERNOR...IT IS A POSITION. [How will this effect the Maliki supporters who are still in the CBI?] THIS WILL NOT IMPACT THE ECONOMICS OF IRAQ...THIS WILL IMPROVE THE MESS OF IRAQ IMO.
6-26-2015 Newshound Guru Aggiedad77 Article: "The central bank's "Tomorrow Press:" the project to delete the zeros will be applied beginning of the year 2017" This kind of slowdown does not make much sense...but study the words carefully, I can take this article to mean that the "process" of removal of the 000's has begun and will be completed in 2017...they have told us before it could be a 2 year process...they speak of making the Iraqi currency a competitor of foreign currency...then do it now...why wait...today makes more sense than 2 years from now...AND...don't forget the GREEN light that the CBI was given earlier this year...
6-26-2015 Newshound Guru Kaperoni i am interested to see what parliament does the next 2-3 months...they announced...they have 150 laws that have been read twice and ready to pass. I remember articles back in Nov 2014 saying January 2015 we pass lots of economic laws...unfortunately, the timeframes and dates provided in news is not accurate. I don't think it intentional, just with a new government, it's hard to know how much time it takes. But I am hopeful the next few months we get several economic laws passed. There does seem to be some sense of a plan to create an economy with tariffs...laws...the small business loans, etc. One cannot say they are not trying to jump start a market economy. Hopefully it will not get derailed. Another meeting this weekend...Think Sat...open to public to talk dinar...we should get some news on it in media...usually they do when they are public forums. 6-25-2015 Intel/Newshound Guru tman23 When I say June is the end of the road...that doesn't mean you will see a RV on July 1st... BUT it would have to show by the 15th of July... June is the end of the road... They have to have the decision made... IMO they do! I expect it! I believe everything needed will happen all at one time ... Maliki issue included!
6-25-2015 Newshound/Intel Guru BGG It appears to me, since the upper leadership of the SLC can't manage to rid Iraq of Maliki the ICC (International Criminal Courts) is going ahead with doing it for them. Major News feeds starting to carry this piece. won't that take a lot of time to complete. as an associated issue - "with his top aides" MEANS Ali al-Allaq is TOAST...no need to remove him when the ICC is on the way...AND Fuad Massoum came out today talking about replacing him anyway. As Allaq was Maliki's Sec Gen of his CoM for 7-8 years I cannot imagine a scenario he isn't scorched with Maliki in this one. solves our major obstacle... so you see - I could care less what Allaq has to say about starting the "project" in 2017...he's a goneeeeeeeeeeeeer.
6-25-2015 Newshound Guru Aggiedad77 Article: "National Investment: amendment of the Investment Law which many privileges to the investor" The amendments that are being worked into the Investment Law...if approved...will be a boon for investors so the story goes...they have been working on ways to eliminate red tape and push corruption completely to the side...hopefully their plans are coming together to make such actions so...providing protections for investors...and guarantees for both sides, something quite unusual for Iraq...they say to look for this to come to a vote early next session...will be watching for it for sure.
6-25-2015 Newshound Guru firefly [new guru] ...THE IMF AND WORLD BANK ARE WORKING FEVERISHLY WITH THE IRAQ CENTRAL BANK TO GET IT ART. 8 COMPLIANT AND INTERNATIONALLY USED - WE COULD BE SEEING SOMETHING SOONER THAN LATER. DON'T FORGET CITI BANK IS THERE, MIDDLE EASTERN BANKS ARE ALSO IN IRAQ AND THE CBI JUST ANNOUNCED THAT IT ARRANGED FOR A CURRENCY EXCHANGE RATE WITH BANKS UNION BETWEEN USD-IQD. THE IRAQI GOV. SAID THEY WOULD ANNOUNCE THE CREDIT RATING IN JULY AND THEY ARE ABOUT TO ISSUE INTERNATIONAL BONDS.
6-25-2015 Newshound Guru My Ladies THE ZEROS, ON OR OFF THE CURRENCY DOES NOT MATTER TO US, THE ECONOMIC OVER HAUL THEY NEED TO GO THROUGH DOES NOT EFFECT THE EXCHANGE RATE. IRAQ NEEDS TO COME OUT OF ISOLATION AS THEY HAVE SAID THEMSELVES AND THEY NEED TO CONNECT TO THE GLOBE. AND THE TIME FOR THAT IS RIGHT UPON US...JUST LOOK AROUND...IT'S UNDENIABLE AND IT'S EVERY WHERE...NOTHING IRAQ HAS GOING ON IS AN INDICATOR OR FACTOR FOR ANYTHING. THE TRAIN IS ON THE RIGHT TRACK! SO PLEASE DO NOT GET DISCOURAGED WHEN YOU SEE DELAY ARTICLES FROM IRAQ, OR DATES INTO 2017...I SEE THIS TRAIN COMING DOWN THE TRACK VERY, VERY FAST....AND IT WILL SCOOP IRAQ UP WITH IT AND BRING IT TO THE GLOBAL STAGE... [post 2 of 2]
6-25-2015 Newshound Guru My Ladies IRAQ HAS VERY MUCH TO DO IN THEIR COUNTRY...THEY HAVE TO BUILD, THEY HAVE TO PRINT NEW CURRENCY, THEY HAVE TO GET ELECTRICITY, THEY HAVE TO ADD NOTES TO THEIR CURRENT CURRENCY THEY HAVE TO GET THE ELECTRONIC BANKING SYSTEM WORKING... (whew) THEY HAVE SO MUCH TO DO STILL. BUT NO MATTER WHAT IS HAPPENING OR NOT HAPPENING IN IRAQ WILL NOT MATTER. THE ONLY THING THAT WILL MATTER IS THAT IRAQ WILL HAVE THE SAME ABILITY TO CONNECT TO THE NEW BANKING SYSTEM AND WHEN THEY DECIDE TO CROSS BORDERS THEY WILL HAVE TO DO IT ACCORDING TO INTERNATIONAL STANDARDS. [post 1 of 2....stay tuned]
6-25-2015 Newshound Guru Adam Montana [ I would appreciate your elaboration on what you think of these three pending issues and what their bearings are on where Iraq is now and where it stands with an HCL...HCA, Article 8 compliant...The GOI gave the CBI the right to finance the private sector and now has approved 1 Trillion dinars to back it and a Credit-Rating.] HCA is an Agreement, HCL is Law - we want the Law. This has been the most important step for quite some time, and it still is. 1 Trillion is a lot when we're hoping they increase the value of their dinar... the good news is they don't have to use the entire amount. A .10 RV could actually eliminate the need to use most of that amount. This is one reason why I've never really worried about article 8 - it's just not that important. Credit Rating - we're still waiting for this news, and I wouldn't be surprised to see it take another 3-6 months. Either way, the credit rating is not going to affect what the CBI does. I t's good to see Iraq taking that step, but again - not a major issue for us. [See the Possible "to do" list in the Dinar Guru Resource Bar on the left of this page]
6-25-2015 Newshound Guru Kaperoni Iraq has made it clear they want to raise the value of the dinar. And we know the dinar's value is not only important to Iraqi's, but significant to engage with the global economy. It will rise in value once the circumstances are in place to allow it to do so. If we all stop looking for an overnight event, we will be much better off.
6-25-2015 Newshound Gurus OOTW and sczin11 ...IRAQ IS SUBMITTING PAPERWORK FOR CONSIDERATION TO ABADI TO JOIN THE AIIB...ABADI'S GOVERNMENT, THE COM, HAS APPROVED THE DESIRE TO JOIN...AND SALEH CAME OUT AND SAID HE WANTS THE PEOPLE TO BE PAID IN DINAR NOT DOLLARS...ON THE SAME DAY THAT THE FINANCE COMMITTEE HAD THEIR MEETING WITH KEYWORDS AND SAID THEY WERE GOING TO IMPLEMENT MONEY LAUNDERING CONTROLS WITH ALL BORDERS, ESP IRAN...WHAT DO YOU THINK IRAQ NEEDS? A TRUE VALUE TO THEIR CURRENCY, THEIR CURRENCY, WITH RESERVES TO SUPPORT IT...COULD IT BE AT 1166? YES...BUT I DOUBT IT WITH ALL OF THE PRIVATE SECTOR DEVELOPMENT AND TRADE...THE PUDDING'S BEING MADE AND THE PROOF WILL FOLLOW...THEY'RE OPENING CROSS BORDER TRADING AND CURRENCY CROSS BORDER TRADES. THE COM HAS STATED TARIFFS GO INTO EFFECT AUG 1.
6-25-2015 Newshound Guru Aggiedad77 Article quote: "a member of the Investment Committee and the economy MP Najiba Najib announced that Article 50 of the Budget Law has failed and impacted negatively on the Iraqi dinar." One of the most vocal members of the Finance Committee is now admitting that Article 50...the very cap THEY placed on the CBI has FAILED and it has been the NEGATIVE influence on the IQD all along this year. Keep the politicians out of the CBI's business ...these folks may think they know politics but when it comes to banking and high finances...they flounder... Remember they are the ones responsible for putting a budget together and they struggle with that as well...I am sure this will not be the last we hear from the Finance Committee but they have caused enough damage...
6-25-2015 Newshound Guru Breitling Article [The issuance of three categories of cash in 2017] there are a lot of people in panic mode saying hey are they going to push this off for another 2 years? Here's the problem with this…they are already working on it and the indicators that they are working on it and already started are reducing the note count, retiring some of the notes and attacking the dollar within their own market…once they got started putting these projects in order and they started executing them it would take about between 2 to 3 years. So this article is consistent with that, nothing has changed…It's one of two categories: ...they are going to change the value of the currency and they start it now or they do in 2017. I say they are in the process of doing it now...
6-25-2015 Newshound Guru Kaperoni Article quote: "Iraqi National Business Council revealed on Tuesday for approval of the Cabinet on the proposal of Iraq's accession to the Asian Investment Bank..." This is a pretty big deal we are overlooking. From Wikipedia... "The Asian Infrastructure Investment Bank (AIIB) is an international financial institution proposed by the government of China. The purpose of the multilateral development bank is to provide finance to infrastructure projects in the Asia region. [2] AIIB is regarded by some as a rival for the IMF, the World Bank and the Asian Development Bank (ADB), [3] which are regarded as dominated by developed countries like the United States. [3] The United Nations has addressed the launch of AIIB as "scaling up financing for sustainable development" [4] for the concern of Global Economic Governance. [5]"
6-25-2015 Newshound Guru Adam Montana [What is your opinion on getting the Illusive HCL passed this year ? Yes,No,Maybe,Or?] 4 months ago I would have said "ABSOLUTELY". Now I have to back up and say "Let's see what happens after Ramadan" - the month of August will tell us what to expect from Iraq in the short term.
6-25-2015 Newshound Guru OOTW ...WHAT WE'RE WANTING TO HAPPEN WITH THE ECONOMY TRULY HAS TAKEN OFF. WE'RE SEEING AMAZING MOVEMENTS FROM ALL OF THE MINISTRIES TO GET THE PRIVATE SECTOR DEVELOPMENT AND ECONOMIC REFORM ROLLING. IMHO, PROGRESS REALLY HAD JUST BEGUN WHEN ABADI TOOK OFFICE - AND COMPARED TO THE PAST EIGHT YEARS (AT LEAST) - WE'RE DOING WONDERFULLY! 6-24-2015 Newshound Guru Millionday [they talk about companies coming in for investment and getting loans and all but my question is can they do any of this without a rate change?] THEY CAN DO THIS WHEN THE IRAQI LAW ALLOWS IT WITHIN THE INVESTMENT LAW -- THE RATE WOULD BE A CHOICE ON BOTH SIDES. [do the smart cards have to be international for them to work and Does the RV have to wait on the Smart cards?] THE SMART CARDS ARE REPORTED TO BE GLOBAL AND THROUGH MASTERCARD -- HOW THEY WILL DO THIS TOOK MANY MORE EXPERTS THAN WE HAVE SO I WILL KEEP EYE OPEN ON INK FOR US AND WONT GUESS... [are they loaded?] NOT THAT I AM AWARE OF -- THEY REPORTED BUILDINGS THAT ARE SPREAD OUT AROUND IRAQ TO ALLOW PEOPLE TO PICK THEM UP BUT HAVE NOT SEEN ACTIVATED AND USABLE IN ANY REPORT EXCEPT MILITARY A LONG TIME AGO.
6-24-2015 Newshound Guru Aggiedad77 Article: "The new investment law is ready for vote: raise taxes urgent and vacations for investors" The new Investment Law is ready for a vote and does not have problems that will keep it from being approved...it raises taxes...and they don't think it will be problematic to approve...let's watch what happens...no doubt new and improved investment laws are needed and the cutting of red tape is necessary along with the removal of corruption potential...
6-24-2015 Newshound Guru Kaperoni ...it would be a great thing if countries could just randomly appreciate the values of their currencies to solve problems. Unfortunately, that is not how it works. IMO, there is a plan. And that plan is that the dinar will rise to counter inflationary pressure created as Iraq diversifies their economy. As more and more investors come in, more and more investment capital comes in, inflation will begin to set in. And to counter that the dinar will appreciate in value. All the tools are being put in place..tariffs, bonds, 5 trillion small/med business loans, etc. All designed to kick start the economy, stabilize Iraq, create an investment climate that continues to grow..creating the pressure needed to raise the value of the dinar...from the IMF Article IV Consultation..the Balassa-Samuelson effect - "countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates."
6-24-2015 Newshound Guru Adam Montana Just a short while ago, they were talking about the possibility of 50k+ notes by the end of the year, but that talk fizzled pretty quick. Now there's this article about smaller notes! It just goes to show that the articles they pump out don't mean a thing. When they are ready to make a significant change, it won't be preempted by relevant news articles. The exact opposite is true! They aren't going to give any more clues than they absolutely have to, if that... [post 2 of 2]
6-24-2015 Newshound Guru Adam Montana Not much happening in the news lately, and pretty much all of my contacts in Iraq have gone silent this past week... which tells me we're not going to see any activity during Ramadan, much like past years. In fact, it's been a little quiet in the past month as well... - Abadi came in with a bang, got people motivated to work together and make some progress, and they did! Iraq was on a downhill scream for the first few months, and then... silence. It's my suspicion that everyone is resting up, and we'll see more positive progress after Ramadan. [post 1 of 2....stay tuned]
6-24-2015 Newshound Guru sczin11 LOTS OF BACK N FORTH, LOTS OF QUESTIONS, AND LOTS OF PROMISES...I STILL MAINTAIN SOMETHING BIG, ANNOUNCEMENT, EVENT, SOMETHING..IS ABOUT TO BE EXPISED. [This month!] IT COULD HAPPEN ANY DAY...IF ALL ELSE FALLS INTO PLAY...
6-24-2015 Newshound Guru tlm724 Article: "The annual increase resources for border ports" there we go, getting ready for the tariffs and lets not forget that on June 16th the minister of commerce had a meeting with the WTO. [See Possible "to do" list in the Dinar Guru Resource Bar on the left of this page]
6-24-20145 Newshound Guru wmawhite [would it make sense that they would have to have a pretty good credit rating to be accepted?] A credit rating is a sign to the rest of the world of what risk Iraq is when doing business with them.
6-24-2015 Newshound Guru Shredd But for these notes to ease the burden of not have large notes in circulation, that means these notes will not have the role of being coins but rather their large notes. That will mean the rate will be closer to a buck. Think about the USD, the 100 dollar note is the largest note that has a decent usage in circulation... Quote: "...as the bank continues to center to pull the old category of the currency over ten years. ". This should also give you peace of mind that the notes we hold will not get discontinued and be useless to us like they did the 50 dinar note. Again, good news folks. We still need to be patient but this amazing return on investment is not an "IF" but a "WHEN". [post 2 of 2]
6-24-2015 Newshound Guru Shredd Article: "Central bank: 2017 will see the issuance of new cash categories" To me, I see this as a good article folks. This is telling us the projection is the rate will be strong enough in only a year and a half from now to demand the circulation of the 50, 100 and 200 to "ease the burdens" after deleting or removing the three zero notes from circulation. Remember, this is a gradual process and the CBI is revealing more of their plan. This means we should see the rate improve to that point between now and then. The process of bringing strength to the dinar will take time. Think of it...if the exchange rate was a dime, these notes would be worth 5, 10 and 20 cents. That's a pretty darn good exchange rate! [post 1 of 2...stay tuned]
6-24-2015 Newshound Guru Kaperoni Press Release Quote: "The head of the House of Representatives, Saleem al-Jubouri, Tuesday, that the House of Representatives awaiting the arrival of the oil and gas law, the Council of Ministers in order to read the legislation." One thing is for sure..they are making this next session of parliament out to be the "big" one.
6-24-20215 Intel/Newshound Guru tman23 There are 44 foreign embassies in Iraq...25 consulates in Iraq (all in Erbil)... The job of an embassy is to help foreign travelers...the consulates deal with the same and business... 4 consulates were just named for Erbil in the past 7 days...Belgium will be opening it's embassy in Baghdad and then immediately Erbil consulate... SO... With all these embassies... WHY? There is a lack of security and terrorism. Who is planning on visiting? And Iraq has 77 embassies to fund in foreign countries.
6-24-2015 Intel/Newshound Guru Poppy3 NO ONE IS HOLDING THE RV UP?! AS I SAID 2 MONTHS AGO WHEN THEY FINISH THE LIST OF REQUIREMENTS OUTLINED BY U N , WORLD BANK AND IMF...THEN THE NEXT DAY WE WILL SEE A RATE. ...THIS THING EFFECTS MANY COUNTRIES...THERE ARE MANY DETAILS WE ARE NOT NOR EVER HAVE BEEN PRIVY TO. THIS IS AN AWESOME INVESTMENT BUT THIS INVESTMENT IS NOT LIKE INVESTING IN BUDWISER , OR PEPSI COLA...THIS WILL EFFECT THE MONETARY SYSTEM AROUND THE GLOBE...BE PATIENT AND PARTICIPATE IN HISTORY...
6-24-2015 Newshound Guru Millionday LETS TAKE ONE MORE LOOK AT THE IMPORTANCE OF A CREDIT RATING AND ITS USE FOR A COUNTRY -- (MUCH DIFFERENT THAN PERSONAL AND BUSINESS) THE CREDIT RATING IS A KEY ELEMENT IN THE DECISION MAKING FOR INVESTORS WHEN DECIDING TO INVEST IN A COUNTRY---THE RISK (HIGH OR LOW) IS DESCRIBED BY THE RATING ITSELF AND ALSO THE CONFIDENCE IT BUILDS IN ITS PROCESS. Article quote: "The central bank decided to open a window at his headquarters in Baghdad to meet delegates and scholars requests abroad in dollars and the official price." MEETINGS ARE NOT ONLY GOING ON ABOUT IRAQ`S CREDIT RATING - BUT THEY ARE ALSO MEETING ON THE OFFICIAL CURRENCY PRICE -- WHHHOOOPOW.
6-24-2015 Newshound Guru Aggiedad77 Article: "Jubouri: General Amnesty Law came to Parliament" According to House Speaker Jubouri, Parliament will have in front of it upon its return the Amnesty Law, along with several other important laws that were there when they left on recess, the National Guard Law, Federal Court Law, Law of Parties, Law of Accountability and a host of other issues some of which has been around without resolution for at least 8 years...time to "git 'er done" folks.
6-24-2015 Intel Guru Frank26 IMO the bonds totally solve their liquidity problem and these bonds need to be SOLD NOW! They don’t have to wait until Jan 2016 – they need to start selling them in July.
6-24-2015 Newshound Guru Chattels "the Council voted during its meeting today to approve the draft local product protection law, which included some 13 national protected material" i wonder what local products are being protected and how such is being accomplished. tariffs? perhaps we are indeed poised for the implementation of tariffs in the near term - very interesting.
6-23-2015 Newshound Guru Aggiedad77 Article: "Deputy: the deletion of zeros from the currency and a national project" Word of CAUTION here...don't just read the 2017 date and freak out...this project of the deletion of zeroes is an ongoing part of the MR...trust in this...yes they have said it could take upwards of 2 years to complete...but the lava flow is moving as we speak today...note too they talk of pulling old currency back in over a 10 year period...they are working in a very focused way to make all this happen...working in the face of adversity as there are those from a political standpoint who do not want to see this happen...these speed bumps must be overcome as they keep pushing the flow forward.
6-23-2015 Newshound Guru Kaperoni it is nice to read that they will honor the larger 3 zero notes for 10 years again. That should give us plenty of time to watch the dinar rise once it starts to decide where and how we will exchange these notes...for sure the can has been kicked down the road starting back in 2012. But I believe that if they do issue the larger 50k note, the process is then non-reversible... because once they start reducing the physical note count there is no turning back. Hopefully I am correct and this project will finally get started so we all can relax and watch Iraq and the dinar prosper. The dinar float must start well before 2017 (probably early to mid 2016) in order for the rate to reach a point where a 50, 100, and 200 dinar note would be of use in the market (IMO around .10 cents). [post 2 of 2]
6-23-2015 Newshound Guru Kaperoni Article quote: "...delete the zeros of the Iraqi currency and a national project to feminine Iraqi currency, likely work on the project early in 2017." Though hearing 2017 is not good, this is a really good article. It once again confirms no LOP (a LOP would require all denominations to come out at the same time). It also confirms that the issuance of the 50k will move the process forward to delete the zeros. It also confirms that the rate must rise to at least a point where a 50, 100, and 200 would have usage (which IMO is about .10 cents). So this is more confirmation that the CBI plans to delete the zeros gradually, raise the value of the dinar, and begin doing so after they reduce the physical note count with the issuance of a 50k note (if they do this at all). [post 1 of 2....stay tuned]
6-23-2015 Newshound Guru Aggiedad77 Article: "Why will deteriorate dinar? .. Economists discuss pumping the dollar in the markets, policy" Some economists say the dinar will deteriorate...some say that it is going to improve...my opinion says that if they can keep the politicians out of the mix that the dinar will see improvement, let the CBI do what they do best which is money management...if there are money launderers in the mix take care of them, point fingers at them, charge them, and get them convicted...same with smugglers...can't have either...And as far as corruption goes...please turn it over to the Integrity Commission and let them put their detectives on it...just focus on what should be in the best interest for Iraq and what follows from that will prove to be a great thing for the world as well.
6-23-2015 Intel Guru Frank26 WHAT IS ON THIS CHECKLIST IN JULY? Me personally, I’d like to stick in my vote: 1 – I want the governor as quickly as possible – only Shabibi. 2 - Bonds with a soluble rate. 3 - The 50 and 100 new currency (don’t confuse the 50K and 100K notes that are a completely different subject...there is no such animal…you’re saying they’re going to replace them but there isn’t any – it’s just the 50 and 100. 4 – Master Cards and Visas and many different kinds of cards 5 - Salaries 6- Lower denom’s 7 - Look the 7th of the 7th of the 7th...is CREDIT RATING. These are the 7 things for July and it’s not even far-fetched...if it’s really not going to happen this month, may we say forget about it? No, no! Move into the next month because it’s the lava flow...They have no liquidity, therefore, no value and yet they have assets...4 million barrels of oil are produced a day is an insult to an IQD of 1166. The RATE IS WRONG for what’s happening in Iraq!
6-23-2015 Newshound Guru sczin11 LOOK AT THE QUANTITY OF FINANCIAL, MONEY, BANKING, ARTICLES AND TOPICS HAVE BEEN RELEASED IN LAST MONTH...MIND BOGGLING TO SAY THE LEAST...DINAR EXCHANGE VALUES UP AND DOWN AGAINST THE US DOLLAR, NEW LARGE DENOMS BEING ISSUED AND DESIGNED, FINANCE COMMITTEE STATES THIS, CBI STATES THAT, POLITICAL DIGNITARIES POINTING FINGERS, CRISIS CELLS DEMANDING EXPLANATIONS, CORRUPTION, MONEY LAUNDERING, BANKS SUSPENDED FROM AUCTIONS, THEN REINSTATED...NO AUCTIONS, HIGH AUCTIONS, NO TAX ON EXCHANGES, BANKS OPEN ON SATURDAYS WITH 4 DAYS NOTICE TO GET WORK SCHEDULES IN PLACE...NEED I GO ON... GET THE PICTURE...CALL IT DIVERSION...CALL IT A COVER UP...SOMETHING IS HAPPENING...OH AND WAIT...DR. SINAN AL SHABIBI, SPEAKS AFTER SIX MONTHS OF SILENCE, SINCE HIS ACQUITTAL! HAVE WE HEARD ANYTHING FROM THE BANKS IN MOSUL SINCE JUNE 10, 2014, OTHER THAN ROBBED, CLISED DOWN, CONTROLLED BY ISIS, ISIS MONEY BEING USED...AND TODAY WE HEAR FROM THE BANK OF JORDAN, REFERRING TO INTERVIEW OVER A MONTH AGO...WHY MY FRIENDS? [post 2 of 2]
6-23-2015 Newshound Guru sczin11 JORDAN BANK IN MOSUL STATES BUSINESS AS USUAL...MULTIPLE RELEASES AND VIDEO INTERVIEWS, THAT BANKS ARE OPERATING IN MOSUL, LIKE NORMAL! ...WHY IS THIS SUCH IMPORTANT INFORMATION? MANY HAVE CLAIMED NO potential change in value UNTIL ISIS OUT OF MOSUL...MANY HAVE STATED EITHER MOSUL BANKS WERE CLOSED OR RUN BY ISIS... MANY HAVE STATED WHY WOULD CBI potential change in value AND GIVE ALL THAT MONEY TO ISIS SINCE MOSUL IS RUN BY THEM...MANY HAVE STATED ISIS IN SUCH CONTROL OF THE COUNTRY THAT MR CAN NOT BE COMPLETED...WE HAVE HEARD REPORTS OVER LAST MONTH THAT MOSUL WOULD BE, IS, OR WILL BE LIBERATED SHORTLY...HEARING AND READING ALL THESE RELEASES, IS CONFIRMATION TO ME, THAT ISIS IS NOT HINDERING THE COMPLETION OF THE MONETARY REFORM...JMHO. LIKE MOST EVERYTHING ELSE WE READ, THE NEWS HAS HAPPENED, PAST TENSE...SO THE QUESTION REMAINS, WHY RELEASE THIS NOW? MORE DIVERSION FOR SOMETHING BIGGER TO HAPPEN OR BE RELEASED, THAT SEEMS TO BE LOOMING IN THE LIMELIGHT... [post 1 of 2....stay tuned]
6-23-2015 Newshound Guru Millionday "The Exchange Rate of Foreign Currency in Economic Feasibility Studies" I WANTED TO LOOK AT WHAT IS BEING USED TO DO THE CALCULATION...UNDERSTAND I AM SHOWING YOU WHAT IS BEING DISCUSSED BUT NOT IS ONLY DISCUSSED--BUT--PLANS STATED--AND THIS DISCUSSED IS ACTUALLY--THE REALITY OF IT ALL. Quotes: "Justifications for exchange-rate adjustment: ...It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods..." "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." we have never seen any kind of calculation at any time. [so r they saying 3.208 or 1.13?] THEY ARE LISTING JUSTIFICATIONS -- NOT ACTUAL -- JUST WHAT COULD BE AND WHY ETC -- NO GUARANTEES.
6-23-2015 Newshound Guru wmawhite [can Abadi pull this off without CBI cooperation?] The CBI carries out monetary policy set by the government...in addition to enhancing and protecting the value of the currency. Two separate missions.
6-23-2015 Intel Guru Frank26 The governor is about to be put BACK in...Dr. S [Shabibi] is a head of the CBI...and has no intention of stopping it because he put this whole thing together in the first place...Dr. S has done a wonderful job...Security is being done. You would not want Dr. S to raise the value under the condition if the banks were not safe. Dr. S doesn’t want to endanger his banks – they’re going to be extremely important and IMO, he got the banks back that he wanted, IMO. Security within the governorship of the CBI is the next chapter IMO. ...this is the meat of what’s going on right now. The substance of the governorship of the CBI. Everybody’s looking at the CBI and now it’s time to look at the leader. GOVERNORSHIP MUST NOW BE SECURED. Iraqi is getting ready for the monetary reform. The pressure is on Abadi – to give us the opportunity to bring forth the true governor of the CBI – the IMF wants this...
6-23-2015 Newshound/Intel Guru BGG [Rumor has it, Maliki will be indicted in an international court...?] according to reports - that is accurate...and I am commenting on reports only. [If so, could that trigger a replacement in the CBI very soon?] IMHO - they are parallel events...Does not feel as though one depends on the other.
6-23-2015 Intel/Newshound Guru tman23 [can they postpone tariffs again, also how can tariffs be imposed expecting people to pay more without purchasing power?] They can do anything they want...they are sovereign... The better question is what can they afford to do or not do? Answer: They can not afford to invest in projects...And as for not doing...They can not afford to stay in the current status quo for another 6 months.
6-23-2015 Newshound Guru Millionday THEY HAVE WORKED HARD TO MAKE SURE THEY CAN GET A HIGH CREDIT RATING BY PAYING DEBT AND THE MAJOR IMPORTANCE THEY MADE IN IT. [so with their strength in oil, gold etc, would it not be feasible they would be at least a BB or higher?] THE REPORTS WE HAD DURING THE WEEK WERE ADDRESSING THEIR CAPABILITIES -- SO YES IT APPEARS THEY ARE TAKING INTO ACCOUNT EVERYTHING AND NOT JUST THE ACTUAL. I AGREE...THEY ARE HOPING FOR A BB OR HIGHER. [Do they have to have a credit rating to rv?] THEY NEED CREDIT RATING TO SHOW WHAT CONFIDENCE THE CONTRACTORS AND DEBTORS CAN HAVE IN IRAQ-- HIGH CREDIT RATING MEANS -- CONFIDENCE IS HIGH. [can they rv before credit rating?] I DON'T KNOW -- THEY COULD HAVE JUST ONE STEP IN THE MIDDLE OF EVERYTHING -- WE DON'T KNOW WHEN... [post 2 of 2]
6-23-2015 Newshound Guru Millionday Article quote: "in the past week took place in Istanbul intensive meetings with two of the three for" credit rating "{" Fitch "and" Moody "} global institutions." IN THE PAST WEEK NOT JUST MEETINGS -- INTENSE MEETINGS -- GLOBAL... THIS IS ALSO VERY IMPORTANT TO THE INTERNATIONAL BANKS. Quote: "The objective assessment credit situation of Iraq, which is the "Unclassified" {NR, Not publicly rated}, and this is less so from lower grades D .. The highest grades are AAA." IRAQ`S RATING RIGHT NOW IS UNCLASSIFIED -- THEY NEED ALL THREE...THIS IS VERY IMPORTANT AND OF COURSE ONE OF THE LAST THINGS THAT HAS TO BE DONE TO GO TO THE MARKET ECONOMY -- GLOBAL... [post 1 of 2....stay tuned] 6-22-2015 Newshound Gurus OOTW & sczin11 Question: "Several months have gone by since WTO explained that a country can only have one currency if they want to enter the WTO. Yet Iraq is stilling messing with two currencies. Why?" [Guru OOTW] NOT NECESSARILY THERE ARE PLENTY OF COUNTRIES ASCENDED TO THE WTO THAT USE MORE THAN THEIR "NATIVE" CURRENCY. IF THEY'RE CURRENCY IS PEGGED TO THE DOLLAR THEY'LL SOMETIMES USE THAT IN ADDITION TO THEIR OWN CURRENCY - I'M NOT AN EXPERT ON INTERNATIONAL CURRENCY REGS/RULES FOR THE WTO, SO YOU'LL HAVE TO EXCUSE ME ON THIS. [Guru sczin11] THEY R WORKING ON THAT VERY ISSUE NOW, IT APPEARS. THEIR NATIVE CURRENCY MUST BE A TRUE VALUE AND INTERNATIONALLY ACCEPTED, TRADED, AND RECOGNIZED, I DO BELIEVE.
6-22-2015 Newshound Guru Millionday THIS IS A PRESS STATEMENT...
"Parliamentary Committee Member problem to investigate the reasons for the fall of Mosul to provide the Vice-President of Iraq and former Prime Minister, Nuri al-Maliki, to the International Criminal Court, because of what he called the "responsibility" for the control of so-called organized Daash..." MALIKI TO INTERNATIONAL CRIMINAL COURT -- SHOCKING... THEY DON'T THINK IRAQ WILL HANDLE IT AS IT SHOULD BE SO --- TO THE INTERNATIONAL COURTS. THEY REPORTED DIRECTLY TO HIM HIS ORDERS ACCORDING TO THIS... [WOULD THESE TRIALS HOLD UP ECONOMIC REFORM...?] I CAN TELL YOU WITH CERTAINTY --- NO. [an indictment and pending trial of Maliki could speed up reform.] GOOD POINT -- CONFIDENCE WOULD BE A GIVEN IMO.
6-22-2015 Newshound Guru Millionday IRAQ IS SUPPOSED TO RECIEVE THEIR CREDIT RATING THE FIRST PART OF JULY...THE CREDIT RATING REPORT DID NOT STATE THEY REQUIRED THE GOOD VALUE BEFORE THE RATING.
6-22-2015 Newshound Guru sczin11 With regards to the FC meeting yesterday, where CBI ACTING GOVERNOR WAS PRESENT, THE OFFICIAL INK IS OUT, STILL SOMEWHAT AMBIGUOUS... ALL THE ARTICLES FROM YESTERDAY AND TODAY ADDED MORE DETAILS OF THE MEETING, THEN WHAT WAS ACTUALLY PUT FORTH ON THE OFFICIAL SITE...NO MENTION OF THE AUCTIONS BEING STOPPED... THAT BEING SAID, THE KEY STATEMENT IN THE OFFICIAL RELEASE, APPEARS TO STATE... BRING ON THE DINAR FOR THE PEOPLE TO USE...NO NEED TO RESORT TO EXCHANGING THEM FOR DOLLARS! THEY ARE STATING THAT THE DESIRE TO GET THE US DOLLAR WILL DISAPPEAR AND THE PEOPLE OF IRAQ WILL USE THE IRAQI DINAR!!! THERE IS ONLY ONE WAY, THAT WOULD HAPPEN...NEED I SAY ANYMORE?
6-22-2015 Intel/Newshound Guru tman23 CBI reserves near the end of 2011 were reported by Shabibi to be 63 billion in foreign reserves...AND that the amount of reserves held by the CBI was sufficient to cover the IQD THREE AND ONE HALF TIMES...3 1/2 ... No ERROR NO MISTAKE... Then in 2013 it was stated the reserves reached well over 80 billion dollars... 20% of the CBI reserves is IQD...BUT not counted in the foreign reserve category...Then the GOLD PURCHASES...Not counted as "foreign currency reserves"... Remember the articles not long ago speaking of 4-1 ratio's... The CBI reserves can cover their currency 4 times...NOT 2... And the rate of the auction used to be $13...the rate 1166 +13 = 1179 ...That was for years... Now the 1166 + 24 = 1190...The CBI has almost doubled the charge rate.
6-22-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Finance: We have taken several measures to ensure the stability of the dollar exchange rate" ...the Finance Committee may actually be doing something worthwhile...looking to edit the Money Laundering Act...to be forwarded to the COM and then back to Parliament to be voted upon...seems that maybe PM Abadi has forced their hand insisting that currency manipulators be dealt with an iron fist and his expectations would be that the Fin Comm get this ball rolling...I am sure that he is well aware of their position on things and he watches their every move very closely to monitor where they are headed in the scheme of things...Abadi is no one's fool and he will not be played by some underling committee from Parliament.
6-22-2015 Newshound Guru Millionday "The governor of the Iraqi Central Bank on the Keywords may take the government announced a series of measures aimed at reducing the significant rise in the dollar exchange rate against the dinar during the last period." SO IT APPEARS WE SHOULD BE SEEING REPORTS OF SOME ACTION ECONOMICALLY THAT ARE GEARED TOWARD THE GOAL OF ECONOMIC AND MONETARY REFORM.
6-22-2015 Newshound Guru sczin11 I...DO NOT FEEL ISIS HAS ANY BEARING ON THE COMPLETION OF MONETARY REFORM.
6-22-2015 Newshound/Intel Guru BGG [If they boot Alaq then Shabibi could step in? They need expertise to do this? Shabs is one of a few that could do this right?] I think they have/or are getting close to the consensus they need to remove him...they could - but I kind of doubt that happens immediately...it is one thing for Dr Shabibi to write a critical OP ED - it is entirely another for him to step back in - especially with the unrest there... and run the show with Maliki lurking in the shadows. I would suspect he has some proof of Maliki financial crimes. He has to be some very serious threat for Maliki to have reacted to him the way he did. Of course - but there are options other than Dr Shabibi which are just as good for us.
6-22-2015 Newshound Guru Chattels I have taken the position for some time now, right or wrong, that DAESH is a real problem or the existence and survival of DAESH mirrors a lack of security and stability that tells us that Iraq is still dysfunctional.
6-22-2015 Newshound Guru OOTW ...THE NATIONAL GUARD LAW IS NOT PASSED. IT HASN'T BEEN READ THREE TIMES AND IT IS NOT IN THE GAZETTE.
6-22-2015 Newshound/Intel Guru BGG ...there is a VERY serious struggle for the soul of Iraq going on right now. I haven't been saying Dr Shabibi is coming back next week or there is some "unseen" good fortune waiting just around the corner...at least they are fighting for the right side (for once) and talking about economic reform openly... this is vital to the future of Iraq (and obviously good for us)... instead of us having no real chance - as turned out to be the case during the Maliki regime. ...and this is very good for us (the struggle)...the main three laws they need to set their way straight are stymied for the moment. I believe they will get done fairly soon...none of which mean there cannot be a change in their currency FIRST - ...1) the National Guard Law...2) the Fed Court Law...3) the General Amnesty Law...4) obviously the Investment Law (or Law of Investments) fits in there somewhere as well... more directly germaine to us than the others...all seem to be "on the brink" but still vigorously opposed by the Shia hardliners - herein lies "the rub"...
6-22-2015 Newshound Guru sczin11 [Has the article about Central Bank Issuance of a New Currency been adressed yet here?] I DONT BELIEVE, OR CHOOSE NOT TO...THAT ANY OF THE TALK ON THESE NEW LARGE DENOMS, WILL HOLD WATER. I AM OF THE OPINION, THE RHETORIC HAS NOW BEEN DELAYED FOR A HALF YEAR, ENOUGH TIME FOR THE CBI TO GET THE RIGHT PEOPLE IN PLACE, BACK ON THE HORSE...AND THE NEW CBI ADMINISTRATION WILL ACTIVATE THE FINAL STEPS TO MONETARY REFORM...AND SMALL DENOMS WILL FLOOD THE NATION OF THE NEW IRAQ!
6-22-2015 Intel/Newshound Guru Poppy3 ...AS FAR AS THIS RV IS CONCERNED...BASED ON THE PM ABADI IN JANUARY AND AGAIN IN FEB...HE TOLD ALL OF IRAQ AND THE WORLD...PEOPLE JUST BEAR WITH US TILL INTO JUNE AND YOUR MONEY WILL HAVE VALUE AND MUCH MORE BUYING POWER. NOW REMEMBER THIS IS DIRECT FROM HIS MOUTH TO OUR EARS. UNTIL HE SAYS SOMETHING DIFFERENT THATS WHAT WE CAN COUNT ON. 6-21-2015 Newshound Guru Kaperoni IMO if they issue the 50k notes the clock for currency reform has then started. Why? Because they will reduce the note count by 50% (over a period of a few months) and that means they are in a position to begin the process to delete the zeros. If they don't, IMO it would create a new set of monetary policy concerns. Especially since they said they will destroy the notes exchanged for this new larger note. There is no go back at that point. I still hold out hope the 50k comes out sooner than later...but if we have to wait to mid 2016 to see the dinar begin to rise, so be it. ...they have made it very clear these notes will not just exist in the money supply...they are for purchase. Meaning you will have to give up two 25k notes to get one 50k. of five 10k notes, etc. this will not reduce the money supply, but will substantially reduce the amount of paper.
6-21-2015 Newshound Guru Chattels [Do you think the current leadership is capable of turning the corner over there?] it occurs to me that the corner was turned with the " seating " of a government under Abadi and with the ostensible peaceful transfer of power - we are in the stretch - hoping that the Abadi horse does not break down before the finish line.
6-21-2015 Newshound Guru sczin11 [Do you think the current leadership is capable of turning the corner over there?] THE ABADI REGIME, IMHO, HAS ACCOMPLISHED MORE IN 10 MONTHS, PROGRESSIVELY, AS FAR AS IMPLEMENTING ER AND MR, AND BRINGING IRAQ TO A SOVEREIGN DEMOCRATIC SOCIETY, THAN THE PRIOR REGIME DID IN 8 YEARS. IMHO, WE NEED THE CURRENT ACTING PROXY GOVERNOR OF THE CBI REMOVED.
6-21-2015 Newshound Guru Kaperoni From Investopedia...DEFINITION of 'Sovereign Credit Rating': The credit rating of a country or sovereign entity. Sovereign credit ratings give investors insight into the level of risk associated with investing in a particular country and also include political risks. At the request of the country, a credit rating agency will evaluate the country's economic and political environment to determine a representative credit rating. Obtaining a good sovereign credit rating is usually essential for developing countries in order to access funding in international bond markets. [post 2 of 2]
6-21-2015 Newshound Guru Kaperoni Anyone see that Iraq expects a credit rating next month? [see definition of "Sovereign Credit Rating" in part 2 of 2] I did a bit of looking into this... The credit rating is important because Iraq wants to sell bonds to cover the deficit. If anyone would want them. ...the dinar is convertible now. Since they are in Article XIV, it does not prevent them from trading or convertibility. That being said, many merchants, and banks refuse to deal with them under that condition...its really a choice by the bank or merchant if they are willing to engage with Iraq while the CBI is under Article XIV. That would change if the CBI met the conditions to move to IMF Article VIII...Which is the international standard of acceptance. Banks, merchants would welcome transactions, etc. once they meet that standard. That being said, Dr. Bakri, a very well known economist in Iraq stated to me that currency reform would occur before the CBI would ever meet Article VIII. So Article VIII is not something we necessarily need. Hopefully we will see the dinar appreciate long before the CBI moves to Article VIII. [post 1 of 2....stay tuned]
6-21-2015 Newshound Guru Millionday [What about the amnesty law? has that gone through?] THE AMNESTY LAW IS IN PARLIAMENT. [PARL NOT DUE BACK TILL JULY 1? ANY TALK ABOUT SPECIAL SESSIONS?] THEY HAVE BEEN GIVEN 30 DAYS OF SPECIAL SESSIONS BUT NOT SURE WHEN THAT ENDS. [Didn't the investment law have two or three readings already...?] YES IT HAS AND IN FACT IT HAS BEEN REPORTED IN SOME REPORTS TO BE DONE. [Any more updates on HCL?] THEY ARE USING THE OIL AGREEMENT WITH IRAQI FEDERAL AND ERBIL --- THROUGH MOSTLY WHAT WAS ACQUIRED FROM 2011 ISSUE -- AND WORKING ON ANY CHANGES IN FUTURE LAW ...THIS IS NOT UNUSUAL FOR NATIONS TO BE CHANGING AND REFORMING LAWS. [post 2 of 2]
6-21-2015 Newshound Guru Millionday "Published (range Press) draft law of the National Guard in Iraq and amendments made to it by the political blocs, the following is the text of the draft. Based on what passed the House of Representatives and approved by the President of the Republic and based on the provisions of the first item of Article 61 and Item III of Article 73 of the Constitution. Issued the following law National Guard Law." THIS IS SAYING THAT THE NATIONAL GUARD IS TO RECEIVE THE RIGHTS AND PRILEGES LISTED IN THE LAW BY BEING IN THE SERVICE AS WITH ALL SERVICE BRANCHES... [National Guard law passed?] YES AND AMENDMENTS. [What does this law have to do with the Dinars?] THE NATIONAL GUARD IS USED FOR MUCH OF THE SECURITY ON BORDERS AND MANY OTHER AREAS -- IT IS A HUGE LAW FOR THE SECURITY OF IRAQ AND THE CONFIDENCE OF INVESTORS AND CITIZENS ETC. [post 1 of 2....stay tuned]
6-21-2015 Newshound Guru wmawhite For sure...there is a lot happening and Iraq is involved in many discussions with many countries. The CBI will proceed in a manner to carry out the policies of the GOI. This (what we want) is NOT single faceted. It is very involved and is tied to the outside world currency markets. ...what we see and read about, on the streets, market rate, is not the yet to be announced international value of the IQD. Instead, the GOI is preparing the citizen for what they will carry in their pockets. What we want is not spoken about openly. Let me give you an example...the CBI informs all banks in Iraq to start paying foreign bills (remittances) in IQD instead of USD. And that the exchange rate/value will be XXX IQD for every 1 such and such. What is this? This was an example of a change in value of the IQD...how can and why would Iraq want to cut any country out? Instead, they will want all of the world to participate. We are blessed to be sitting on this...it still applies...it has never been about if...instead, we wait on when.
6-21-2015 Newshound Guru Kaperoni [Just curious as to your thoughts on all these American companies being awarded multi million dollar contracts in Iraq for various products and services.] With Iraq having no free market economy, nobody is going into Iraq until the laws and banking system are in place to support it. If your talking about oil contracts, yes companies are working in Iraq and paid in US dollars. Iraq though as of late has had issues paying these companies and some are accepting oil now as payment. 6-20-2015 *** Dinar Guru Update *** With all the hoopla surrounding the dinar these past few weeks...it's a good idea to get back to basics. If you're new or even if you've been around a while, head over to the Start Here tab at the top of this page and take the refresher...the dinar myths inside Dinar Guru Exposed is a great place to start...the latest guru post will continue below.
6-20-2015 Newshound Guru Enorrste In my view they should return to the auctions with no limits, for the time being. This will increase confidence in the dinar as the CBI becomes more "transparent" rather than "hamstrung." They should also issue the larger notes sooner rather than later. This will allow a reduction in the money supply which will have a positive affect on the value of the dinar. It will also offer a counterpart to the American $50 and $100 which seems to be a problem for the locals (according to Saleh and others). Finally, as the value begins to come back, they should change the exchange rate regime while it is moving upward. This will encourage more trade in the dinar and a faster rise in its value. [post 2 of 2]
6-20-2015 Newshound Guru Enorrste Article: "Central Bank current problems as a result of the loss of independence" I am encouraged that Shabibi stepped into the argument, finally. We now have Shabibi, Saleh, and Abadi on one side and, presumably, the CBI and possibly Maliki backing the play, on the other side. The real question here isn't what Shabibi has said: that is all old news to us. What is the question is whether his entry into the discussion will move the ball forward. Even though he is out, he still carries a very big stick. He also has the backing of the IMF, totally. Therefore, it would not surprise me if some new "policy decisions" came out from the CBI shortly (of course the advent of Ramadan may make "shortly" last over 30 days!). It is clear to me that what Shabibi has stated is absolutely accurate: the meddling of the GOI and Parliament into CBI monetary policy has caused the problem that exists today with the wide spread. Whether Allaq has the knowledge or courage to take the proper corrective measures remains to be seen. [post 1 of 2....stay tuned]
6-20-2015 Newshound Guru Aggiedad77 We have PM Abadi speaking this week, we have Dr. Shabibi practically crowing this week, now we have Dr. Saleh wrapping up the week with his ideas on more good news.....rest easy.
6-20-2015 Intel Guru Frank26 They are working the MR in this method: Credit Rating to LDs for next month ... Many are excited and FUELED for they are pegged to the IQD... As this leads to Article 8 compliances.
6-20-2015 Newshound Guru Millionday NOTE --- ABADI IS HOLDING A HUGE PRESS CONFERENCE IN THE MORNING [SATURDAY] ABOUT IRAQ ECONOMY.
6-20-22015 Newshound Guru sczin11 AMNESTY LAW IS BEING PUSHED HARD FOR APPROVAL, EVEN BEFORE PARLIAMENT RESUMES ON JULY 1... EVEN REPORTS TODAY, STATING IT WILL BE APPROVED BEFORE EID, END OF RAMADAN...THEN WE HAVE PUBLISHED THE AMENDED NATIONAL GUARD LAW....HMMMM...WHY? WE DONT USUALLY SEE THE LAWS IN PRINT, BEFORE THEY GO TO THE HOUSE FOR READING AND VOTES...A MEETING WITH IRAN, DURING ALL THESE HAPPENINGS? And... INK THAT STATES ALL THE RHETORIC ON THE ISSUING OF THE LARGE DENOMS, 50 AND 100 K NOTES, WAS JUST THAT, THEY HAVENT BEEN EVEN DESIGNED YET...AND TODAY, THE NEW STATEMENT BY KEYWORDS, IS THEY WILL COME OUT BY END OF YEAR, AND 100K PROBABLY WILL NOT COME OUT...BY THE END OF THE YEAR HE STATES...IS THAT BECAUSE IT GIVES ENOUGH TIME FOR HIM TO BE REMOVED, AND THE NEW GOVERNOR INSTALLED...AND HENCE NO ISSUANCE OF THEM, THE LARGE NOTES, AT ALL...AND, DO NOT MAKE LIGHT IF THE APPEARANCE THIS WEEK, OF DR. SINAN AL SHABIBI, WITH THAT LONG, DETAILED, REPORT...THERE ARE REASONS AND PLANS..... WHAT DO YOU THINK? [post 3 of 3]
6-20-2015 Newshound Guru sczin11 IMHO, THE PREVIOUS STATEMENT JUST ABOVE, INDICATES A REDUCTION IN THE VALUE OF THE IRAQI DINAR IN CIRCULATION BY ABOUT 40%, SINCE BEGINNING OF THE YEAR WHEN RESERVES WERE STATED AT $80 BILLION...KEYWORDS CONTINUES TO STATE THAT THE THE PRICE OF GOODS TO THE CITIZENS WILL DRASTICALLY BE REDUCED IN A FEW DAYS (indicates increased purchasing power for the importers) AND IN SAME SPEECH, STATES OIL PRODUCTION HAS INCREASED...THIS IS MORE NEWS IN ONE RELEASE BY THE ACTING GOVERNOR OF THE CBI, THEN WE HAVE SEEN IN TOTALITY OVER THE LAST 10 MONTHS...THE MEDIA COVERAGE OF THIS PRESS CONFERENCE WAS HUMONGOUS... THERE ARE MANY MANY VERSIONS, SOURCES, AND OPINIONS...REMEMBER FOLKS, NEWS IS PAST TENSE IN MOST CASES...IT IS INFORMATION ON WHAT HAS ALREADY OCCURRED... [post 2 of 3....stay tuned]
6-20-2015 Newshound Guru sczin11 WHAT IS GOING ON? CBI GOVERNOR IS ALL OVER THE PLACE! KEYWORDS THIS, KEYWORDS THAT..CAN YOU SAY..THE STUFF IS ABOUT TO HIT THE FAN? BIG RELEASES FROM THE GOVERNOR OF THE CBI TODAY, SATURDAY...THE FIRST SATURDAY BANKING DAY IN IRAQ, AND THE DAY BEFORE THE EMERGENCY FINANCE COMMITTEE MEETING...AND TWO DAYS AFTER THE COM CRISIS CELL MEETING...HE ADMITS BEING UNDER PRESSURE...HE STATES INFLATION IS NEGLIGIBLE...HE CONFIRMS REMOVING THE 8% TAX ON CURRENCY EXCHANGE EFFECTIVE TOMORROW, SUNDAY, JUNE 21, 2015...( when in fact, earlier in the week, it was announced July 1)...HE STATES MONETARY PLAN MODEL NEEDED FOR currency IN THE COUNTRY...HE CONFIRMS $68 BILLION IN BANK RESERVES...HE CLEARLY STATES THE RESERVES CAN COVER THE DINAR EXCHANGE RATE CONVERSION, BY 2 TO 1... [post 1 of 3....stay tuned]
6-20-2015 Newshound/Intel Guru BGG [We think that the solution to all their problems is the same solution to all our problems (i.e., increase in currency value)...obviously not the case. The politicians and bureaucrats seem to be comfortable in maintaining a status quo there that to us is haphazard at best. Who benefits...maintaining the status quo regardless of how meat headed it all is?] the main benefactors of "status quo" are...Iran...Maliki... Alak... various political entities who benefit in the current woeful situation. who stands to gain from changing the "status quo"? everyone else. (this includes you, me...and everyone in Iraq)...and since MR [Monetary Reform] in Iraq will obviously have some impact on their neighbors...ask yourself why they are meeting with Iran, Turkey, the Saudis, Kuwait... in Jordan ( who BTW have offered SF troops)...ask yourself why all these "meetings" while they obviously have other very important priorities in their western provinces?
6-20-2015 Newshound Guru My Ladies I AM NOT SAYING I KNOW WHEN THIS WILL HAPPEN BUT I INVESTED IN THE DINAR AFTER CAREFULLY LOOKING AT IT AND REALIZING THAT WHAT GOES DOWN WILL EVENTUALLY CLIMB BACK UP. IF WE LOOK AT ALL THE BASEL REQUIREMENTS AND THE MASSIVE CHANGES TAKING PLACE IN THE MIDDLE EAST AND EUROPE TODAY RIGHT NOW AND WE CAN SEE OUR INVESTMENT IS SOUND. EMERGING MARKETS ARE TAKING THEIR PLACE AND IRAQ IS NO DIFFERENT, THEY HAVE A WAY TO GO YET I THINK BUT THEY ARE FOLLOWING ALL REQUIREMENTS SET FORTH BY THE IMF AND OTHERS. HOW WILL ALL MARKETS CORRECT AND EMERGE AND IRAQ REMAIN IN NEUTRAL? I DON’T THINK IT CAN. JUST LIKE ANY THING ONE MIGHT BE INVESTED IN, STICK WITH IT, THIS WAS NEVER INTENDED TO BE A GET RICH QUICK SCHEME. WE HOLD ACTUALLY CURRENCY IN OUR HANDS AND HAVE EVERY REASON TO EXPECT IT WILL RETURN TO ITS VALUE ONE DAY. 6-19-2015 Intel/Newshound Guru tman23 Iran is looking to extend everything as long as possible because their sanctions wont ease until January...Then they are meddling in Kurdistan trying to delay the elections with a move to permenant replace Barzani as president... The KDP and Barzani have a clock ticking... they cannot afford to waste more time on Baghdad BS... otherwise their position will be compromised... End of the road ...JUNE! Abadi has to put up or shut up!
6-19-2015 Newshound Guru Breitling Here's the thing people don't understand…they don't need perfection for it to gain value. With all the drama going on it could be 30, 40 50 60 70 cents who cares? It's not going to be the $3 rate. It's not going to be a buck fifty or anything like that but that's what people don't realize. Don't get confused with all the drama that it's going to stay at a tenth of a penny, it shouldn't be at a tenth of a penny anyway. the reason it's at a tenth of a penny is because we are allowing them to "cheat" so they can rebuild their infrastructure just like Japan…just like Germany…go back through the history again. so there is a very good reason and not only that but we are also watching their infrastructure being built. Where these entities are throwing money into Iraq…they are establishing. What is the representation of that? the ISX…so you'll see the index build up and those are the indicators. There is a lot more coming down the road that I'm watching and very very excited about. There is going to be a lot of moves made coming out of Iraq regardless of what happens with the drama.
6-19-2015 Intel/Newshound Guru tman23 I have said end of June is the end of the road... There is no more road left for the Baghdad procrastinators to kick the can down...And as PROOF...we now see the Kurd delegation heading to Baghdad next week...This is not a negotiation that is going to take place... The Kurds will tell Abadi, not Abadi telling the Kurds! This is the "breaking point". All I can say is... This IQD revaluation is complete speculation...That is why we are all here! The HEAT is on and the opportunity for us speculators doesn't get any better than the position we sit in right now... The GOI must make a move...how that plays out for us remains to be seen... I am not negative to any of what is happening...Quite Frankly...IT IS WHAT WE HAVE BEEN WAITING FOR...THE GRAND FINALEE!
6-19-2015 Newshound Guru Kaperoni He didn't...in fact he stopped at a number (1000:1) that I think was predetermined as part of the plan to lure investors at a fair risk/reward price. I believe that was for a reason..one of which was to leave enough room to develop the oil sector (the first appreciation) and the market economy is next step using the dinar to absorb the inflationary pressure created by the influx of investors and investment. So I know it gets frustrating, but once the stage is set, I am a strong believer the appreciation of the dinar will be part of that phase. [post 2 of 2]
6-19-2015 Newshound Guru Kaperoni [Make a person wonder why they are so set against raising the value of the dinar.] I do not see Iraq against raising the value...its more about setting the stage or creating the right environment so the dinar will succeed. If you believe the plan, and the IMF documentation, they must pass the laws, rid the country of violence or and ISIS so investors want to come to Iraq. If they do not, the launching of the currency will fail. If you think about it, if Shabibi wanted to, he could have continued to appreciate the dinar all the way up to 1 to $1 or greater back when he started in 2003-2004 with the new dinar. [post 1 of 2....stay tuned]
6-19-2015 Newshound Guru OOTW THIS IS A GREAT SIGN THAT WE MAY ACTUALLY SEE THE TARIFFS IMPLEMENTED IN AUGUST. HOW CAN THEY DO THIS IF THEY DON'T GIVE THE PEOPLE BUYING POWER? Article Quote: "the high price of the dollar against the local currency has many reasons, including to pressure the government on the other hand, the citizens until there is a negative impact against the government." THIS STATEMENT IS SAYING THAT THE CITIZENS ARE BEING HARSHLY IMPACTED VIA THE CURRENCY REGULATIONS...WE'RE SEEING CONFIRMATION...FROM THE MINISTRY OF TRADE THAT THEY'RE GOING TO INSTALL THE TARIFFS IN AUGUST. PEOPLE CANNOT AFFORD THIS, AS WE KNOW, MOST IRAQI'S LIVE BELOW THE POVERTY LINE, AND IF THE GOVT IS GOING TO BE ABLE TO GO THROUGH WITH IMPLEMENTING TARIFFS, THEY HAVE TO GET THIS UNDER CONTROL SO EVERY DAY IRAQIS CAN AFFORD TO PAY THEM.
6-19-2015 Intel/Newshound Guru tman23 Abadi is in a tough place...and he has to make a decision! Is he for Shia interests first or for the people of Iraq as a whole. The Kurds are willing to be the co-partners and help him work through the process... The next 7 days are vital! I expect to see either reconciliation that includes some rolling heads... or separation... I do not expect to see the status quo remain the same... Ramadan is meaningless right now...Iraq is at the breaking point and they are running out of road to kick the can down. [post 3 of 3]
6-19-2015 Intel/Newshound Guru tman23 [why would Abadi ask for sanctions to be lifted for Iran? well IMO I think he is still a great leader/Prime Minister! but not sure what in the world he is doing?] I could speculate on a number of reasons... But IMO...it is directly related to the lifting of the 3 zeros... Iran wants to trade with Iraq but lifting the 3 zeros means there would be no parity between currencies... Iran would have to live up to the nuclear agreement and any breach would keep sanctions in place causing more internal problems with the Iranian regime... And we see Iran attempting to stall things until January...6 months until their sanction ease... Note that members of the PUK would like to hold the elections 6 months from now and not August 20th... This gets into detail...but the pattern is present! [post 2 of 3....stay tuned]
6-19-2015 Intel/Newshound Guru tman23 4 moves by Abadi that cause reason for concern. 1) He made a televised address stating he paid the Kurds in full for their oil and does not know why they have not paid their peoples salaries... 2) At the Paris security summit he asked for Iran sanctions to be lifted, which was completely inappropriate! 3) He went and visited Russia to seek military weapons 4) He just went to Tehran and met with Rhouaini for future trade deals... Must admit that all 4 of these moves are questionable...and quite frankly they are moves that are favorable to Iran more than the G19 countries... [post 1 of 3....stay tuned]
6-19-2015 Newshound/Intel Guru BGG I am unsure of Abadi's charter coming back from Iran - personally, I hope not much was agreed to and he put them on their heels...anyone understanding the dynamic knows Iran is no fan of currency reform in Iraq.
6-19-2015 Newshound Guru OOTW THE PARLIAMENT CAME OUT WITH AN OFFICIAL PRESS RELEASE ON SUNDAY'S HOSTING OF THE GOVERNOR OF THE CBI, ALI ALAQ MOHSEN OR "KEYWORDS"! ALSO, ABADI HAS FORMED A "CRISIS CELL" MEETING TO REMOVE THE CUSTOMS FEES, KEYWORDS PUT IN PLACE - THIS IS A BOLD MOVE BY THE GOVERNMENT - AND DIRECTLY CONNECTS WITH SUNDAY'S "HOSTING" OF KEYWORDS.
6-19-2015 Intel/Newshound Guru tman23 We suspected that after the special meeting on the investment law Monday May 25th that we would see the "new currency" 50k note presented, at the very least a photo! We did not get that...in fact it seems like the subject is fading...But we did get Shabibi speaking out...We don't know how it is being played out but...events are coming close to speculated timelines! 6-18-2015 Newshound Guru Stryker It is my belief that we are down to the CBI reducing the market rate as close as they can to the de facto rate of 1166, and boy was today a big step in getting there. If you haven't seen my update on my MARKET RATE CHART be my guest, it has dropped 41 dinars to the dollar just since yesterday and with a lower auction amount today then yesterday's auction. I also have confidence that the CBI will get their full independence back and if all goes well, the tariffs will be implemented the first of August. Yes there are some real concerns both with all the corruption, security issue, the low liquidity issues and the low market value of the dinar but all signs show that they are making great steps in those directions. Can they get to where they need to be to see the delete zero project completed, introduce new categories of currency and at the same time increase the purchasing power for the Iraqi citizens, all within this year? I sure believe they can and why I am spending so much time understanding all the possibilities that can drive them there, or see the ones that could prevent them from getting there.
6-18-2015 Newshound Guru SCZIN11 ...AND THEY ARE CALLING ON THE ACTING GOVERNOR OF THE CBI TO FACE THESE EDICTS, ON SUNDAY AT THE EXTRA ORDINARY EMERGENCY FINANCE COMMITTEE MEETING...WITH PARLIAMENT COMING BACK JULY 1, AMNESTY LAWS BEING PRESENTED IMMEDIATELY, AND ALSO WITHIN FIRST WEEK, THE REPORT FROM INTEGRITY COMMITTEE ON THE FALL OF MOSUL....FOLKS WE ARE MOST DEFINITELY ON THE VERGE OF SOMETHING MAJOR HAPPENING.....ALL ON THE HEELS OF RAMADAN....STAY TUNED! [Post 2 of 2]
6-18-2015 Newshound Guru SCZIN11 FOLKS, PM ABADI AND THE COM, ACTED TODAY, AS THEY PROMISED ON TUESDAY THEY WOULD...THEY MET, THEY DISCUSSED THE DINAR EXCHANGE RATE CRAZINESS THAT HAS BEEN OF SUCH MEDIA ATTENTION OVER THE LAST WEEK…THEY HAVE COME TO THE CONCLUSION, IT IS TIME TO GET THE IRAQI PEOPLE TO BELIEVE IN THE THE NEW REGIME...THEY HAVE DECIDED TO SHOW THE WORLD IRAQ IS HERE, AND NOT GOING ANYWHERE....THEY HAVE DECIDED IT IS THE TIME TO MAKE THE CBI DO WHAT THEY HAVE STATED THEY WANTED TO DO, BUT HAVEN'T BEEN ABLE TO ACCOMPLISH…BY ELIMINATING THE 8% TAX ON THE EXCHANGING OF DINAR FOR DOLLAR, THEY WILL BE ABLE TO STABILIZE THE EXCHANGE RATE FOR THE PEOPLE OF THEIR GREAT NATION... [Post 1 of 2 stay tuned for the rest of the story]
6-18-2015 Newshound Guru Aggiedad77 Article: "Parliament rapporteur: draft amnesty law will reach Parliament next week" The Amnesty Law has been approved by the COM and is being written up in the proper format for submittal to Parliament...should get to them some time next week.
6-18-2015 Intel/Newshound Guru tman23 It's all quite simple... The Kurds have antied up, the Kurds have laid their cards on the table, IT IS NOW TIME FOR ABADI GOVERNMENT TO SHOW THEIR HAND, IT IS PUT UP OR SHUT UP! AND MONEY TALKS, BS WALKS! As I have said for the past 6 weeks or so...JUNE IS THE END OF THE ROAD!
6-18-2015 Newshound Guru Aggiedad77 Article: "Sistani's office: Friday first day of Ramadan .. and Haeri: Thursday surprise holy month" So it is official now that the word has come down from the cleric Sistani's office...Friday is the first day of Ramadan for Iraq and neighboring areas...I want to caution that this is a religious holiday time, but it does not shut the government completely down.
6-18-2015 Newshound Guru tlm724 Article: "Central Bank eliminates the Sabbath banks to meet the requests of foreign currency" Quote: "in a press release that he "considered Saturdays decided to normal working days to meet the requests of banks and foreign currency with effect from 06.20.2015." so Saturday's will be a working day! another step in their attempt to correct the mess they are in!
6-18-2015 Intel Guru Frank26 Since the 14th DRS [Dr. Shabibi] is talking with his heart not mouth. He has orchestrated the MR [Monetary Reform] like The True Governor of The CBI that He is! DRS is the E F Hutton of our investment ...THE SQUIRREL with the MR PLAN acorn.
6-18-2015 Newshound Guru Aggiedad77 I'm thinking that Dr. S [Shabibi] may just hold the "Last Cookie" Good to the last crumb he says. CONTROL is a powerful thing...in the right hands it is POWERFUL. Dr. S understands both the control and the power. May his actions soon be a blessing to the world. Speaking of patterns...who said that...It would appear to me that PM Abadi and Dr. S are doing things in an orchestrated manner the last few days...their travels...their speeches...the messages they are putting forth...all seem to be preparing everyone for more to come...They work with precision, yet they know not to lay all the cards on the table as yet. There is still some riffraff to be taken care of and from their words they know exactly what needs to be done and how it will be performed. Each day is becoming more and more of a delight to see what they will reveal next. Life is good...but getting gooder Remember the BEST is yet to come. 6-17-2015 Intel Guru Frank26 [Is Parliament working?] yes...this is going into their 3rd year. Despite the heat and Ramadan...they are moving forward. That’s impressive!
6-17-2015 Newshound Guru Adam Montana I still think the HCL is really the main thing we're looking for. Unfortunately, I think they missed a big opportunity to get it done a month ago, and their lack of followthrough on a good opportunity will set this back another month now.
6-17-2015 Intel Guru SteveI [do you still think it will RV at $3 Plus?] I do and not sure how a 1 to 1 ratio will really help them as their currency would be stronger, but sill very low or weak regarding the value in the region.
6-17-2015 Intel Guru Delta Great news! We just got confirmation...the Iraqi bonds are no longer in the pipeline anymore. Remember when I point that article out about a month ago. They are no longer in the pipeline anymore. That means they are about to be issued. We are very, very close!
6-17-2015 Newshound Guru Kaperoni Article: "Dr. Haider al-Abadi, Save the monetary sector, it is the last remaining of the sustainability of the Iraqi economy!" Abadi is as frustrated as we are..and his statement implies Allaq is intentionally destroying the economy. Makes you wondering if Maliki is behind it. I only see two possible corrective actions... 1. a long gradual correction of the market rate by reducing the spread liberalizing the sale of dollars through the auctions. This will now take months to correct since the spread is almost 20%. Or 2. get off the peg and correct it with a float. I think back to the IMF doc..."from fixed to float" ..we may be seeing preparations for a disorderly exit.
6-17-2015 Newshound Guru Adam Montana Here's what's going on: Today starts Ramadan. With the lack of major news in the last month, I don't see an RV until after July 17, when Ramadan is over. Unless we get an announcement today, I'm thinking it's not going to happen during the holiday.
6-17-2015 Intel Guru SteveI [I love the Fact the people are getting seriously involved and pushing for their currency to be worth something, let the people speak and without fear!] The citizens have been promised for years this was going to happen (increase in value that is close to the USD), so they best get the job done before it goes from peaceful to not so peaceful demonstrations!
6-17-2015 Intel Guru Frank26 Security may now be a foregone conclusion. Security may be a different need within the cities, but internally with S [Shabibi] and his teams, they need security. IMO the troops are in the thousands and thousands and the weapons are superior – security is there! Now a different type of security is evolving within their CBI and banks...all they need to lift the 000’s to be in position it all needs activation. Everybody knows the true value of the Iraqi dinar right now. Example...why would anybody risk to steal 800 million dinars...
6-17-2015 Newshound Guru Millionday Article quote: "...the text of the amnesty law, which was voted on Tuesday in the Council of Ministers and submitted it to parliament." THE AMNESTY HAS MADE IT THROUGH COM AND IS IN PARLIAMENT...THE LAW IS LONG SO WE WILL WAIT FOR FINISHED LAW – KURDS WERE ASKING FOR THAT A LONG TIME AGO.
6-17-2015 Newshound Guru sczin11 MULTIPLE VERSIONS OF THE REASONS FOR THE DECLINE IN THE VALUE OF THE IRAQI DINAR, ALL OVER THE MEDIA...JUST KNOW, THIS IS THE RHETORIC OF THE WEEK...MAKE THE WORLD KNOW, THERE IS LIQUIDITY PROBLEMS IN IRAQ...THERE IS FIGHTING BETWEEN GOI AND CBI...THERE ARE MAJOR ACCUSATIONS AND THEORIES AS TO WHAT CAUSED THE DECREASE IN THE VALUE OF THE DINAR AGAINST THE US DOLLAR...THERE IS FINGER POINTING, THERE ARE MORE MEETINGS BEING CALLED FOR TO DISCUSS THIS ISSUE...THE CABINET WILL MEET THURSDAY...THE FINANCE COMMITTEE WILL MEET SUNDAY...THE CBI WILL BE CALLED ON...MY OPINION, AS HISTORY HAS SHOWN...WITH ALL THIS TALK... SOMETHING IS BOUND TO OCCUR... SOMETHING IS GOING ON BEHIND THE SCENES!
6-17-2015 Intel Guru Delta [Do you believe that the amnesty law has been passed?] I do believe we are watching that and the investment law (IMO). We may see some type of emergency meeting during Ramadan. Without the investment law...Article 8 isn’t going to make any sense at all. IMO...no more laws are needed because if they went to Turkey and talked to them about bonds for 2 days...what are the requirements for them to sell bonds? An international rate!
6-17-2015 Newshound Guru Kaperoni ...technically...the dinar could remain weak, but the statements about increasing the value of the dinar are not just words but based on sound merit. Both the WTO accession committee and the IMF have encouraged the dinar to be valued higher. In fact, it was once stated by the accession committee that full accession would not come.."until the dinar is more on par with the dollar." So there is a real sense that the dinar is undervalued and needs to have a correction...getting off the peg and floating the dinar is the best solution to accomplish that.
6-16-2015 Inel Guru Delta Parliament said that the Iraqi dinar would be very close to a dollar. Abadi said that change is coming...that the wealth of the citizens will return like it was before the sanctions. Again this is NOT rumors...this is from the CBI. Is something going to happen during Ramadan? Ramadan is basically fasting...During Ramadan (June 17th to July 17th)...life and work still goes on. Banks are open. It’s business as usual. ...when the CBI reprinted the new security features on the 25k and 10k notes...they distributed those last year during Ramadan. So Ramadan is not a holiday. The CBI can change anytime they want. Anything could happen. Change is coming and it will be a good change! [post 2 of 2]
6-16-2015 Intel Guru Delta ...the dollar is dominating in Iraq again – breaking records in all of Iraq. The exchange rate is close to 1340. About 1,400 dinars to the dollar. The media is slamming the CBI big-time because of this. They know Ramadan is coming up...and the citizens are all talking about the high prices to buy things. They can fix their problems by changing the monetary policy. The citizens, the GOI...everybody knows a change is coming. The articles say that things must change sometime next month...and after they make that change...they no longer will use the USD. Iraq is one of the most wealthy nations on earth but yet they have no cash on hand....they don’t have the liquidity and only ONE THING CAN SOLVE THAT! The CBI must change the monetary and currency reform and basically give their currency more value so that way they have more liquidity. [post 1 of 2....stay tuned]
6-16-2015 Newshound Guru Kaperoni I don't know if it would ever happen, but the only person that could instill immediate confidence in the banking system and return the dinar to a manageable rate is Shabibi. But Maliki would have to go first before he would ever consider coming back. Not to mention at his age, he may not want too.
6-16-2015 Intel Guru Frank26 [via FrostyTheSnowman] What is going on with the Qi-Cards? The citizens seem angry...they don’t want to come into the banks … but they have another way to move things along. They put money on the Cards...to test them. They have millions of dinars on them … they just haven’t released them to the citizens yet. Only Dr. Shabibi knows what’s going on. Dr. Shabibi is the Governor of the CBI. He has the permission to release the rate – no one else! Many things are ready to be activated. The amnesty law is key...The amnesty law will protect the citizens and Dr. Shabibi. Everyone is ready and wanting Dr. Shabibi to use the green-light. Iraq is not planning on staying with the program rate of 1166! They are not giving up. They are not telling the IMF that they are not going to use the green-light! Dr. Shabibi continues his chess-movement...moving from check...to checkmate...(very soon...in my opinion). Nothing can stop this...Nothing cannot stop the monetary reform – not even our President.
6-16-2015 Newshound/Intel Guru BGG It is highly unlikely Dr Shabibi is “advising” the CBI...Highly unlikely. He may have some consulting capacity with the IMF or the GOI (at an arm’s length) – but think about it …Why would Alak bother to listen to anything Dr Shabibi has to say? Alak has close ties to both Maliki and Iran. [Aren't they on opposite teams so to speak?] Yes, and … Maliki tried to have Dr Shabibi thrown in jail...Maliki filed “trumped up” charges against Dr Shabibi...Maliki is a historically on the side of “weak Dinar policy” – mainly due to Iranian influence. So - if the inverse is true – we might assume Dr Shabibi is the opposite – or somehow differing in views… So I ask again – Why would Maliki – Alak – or Iran care what Dr Shabibi has to “advise”? They don’t...
6-15-2015 Intel/Newshound Guru tman23 The fact is that the GOI and CBI are in a battle...The only thing that helps Iraq is purchasing power... I will even go out on a limb to say...Europe now faces more austerity measures...Greece faces bankruptcy and dropping out of the Euro... Picture a dam with a large block missing in the middle...no matter what you do to try and maintain the water level it will remain a never ending cycle until the "hole in the dam is blocked"... Austerity measures usually include more taxes...Iraq austerity has already cut payments 50% - 80% and are still running a 30% deficit... Taxes hardly fill that gap...and since oil revenue was a base for infrastructure development the unstable production and prices squash the revenue being directed towards development. The IQD revalued is the block in the dam. The IQD revalued is GOI purchasing power and answer to the deficit.
6-16-2015 Newshound Guru Kaperoni Article: "The central bank to take new action to stop the decline of the dinar" Quotes: "decided to consider Saturdays of each week normal working days," noting that "this action will be effective in the day on Saturday the 20th of June the current." & "decided to reduce the deposit period for feeding the external accounts of banks amounts." The bank added that the "reduce the deposit will be from ten days to five days, and as of next July." Well so now we know what the new measures are...they are going to sell on Saturdays and they are going to increase the amount of dollars. It continues to amaze me that for years the IMF tells them the same thing all the time, yet this is about the 5th time over the last 8 years they do the opposite..as if they think they know better and the result is always the same...the market rate slides. There is really no excuse for such poor management of the currency which all started with Maliki interfering.
6-16-2015 Intel Guru Frank26 ...our studies of 30-40 cents is not going to work based on what Shabibi is doing all over the place. And, if the rate came out to $3+, the rate would be detrimental to the reform, IMO...the banking structure not only in Iraq but worldwide, wouldn’t be able to sustain a $3-4 thrust...based on what we’ve been studying for the last few weeks and...one reason is they need to educate the citizens. We believe this will bring it to a 1 (Iqd) to 1.16 (usd) because the exchange rate 1166...the engineering of the mathematics have been pounded with the monetary reform very well. As much as there was confusion with this rate, that rate, whatever…we come to you with a strong opinion that this roughly 98 cents to $1.16 is somewhere in that range in their calculations.
6-16-2015 Newshound Guru sczin11 AND MANY COMMITTEES FROM PARLIAMENT REPORTING ON CURRENT MEETINGS...YET THEY ARE IN RECESS, AREN'T THEY? AND ALL THE DIVERSION WITH THE DECREASE IN THE VALUE OF THE DINAR, WITH FINGER POINTING AND ACCUSATIONS AGAINST THE CBI...AND, ALL THE REVELATIONS FROM THE INTEGRITY AND JUDICIAL COMMISSIONS, ESPECIALLY BUT NOT LIMITED TO THE FALL OF MOSUL...AND AT THE SAME TIME, MORE DIVERSION, REPORTS OF MALIKI RUNNING AGAIN, AND HAMPERING THE ABADI PLAN...WHICH HAS BEEN REPORTED SINCE THE DAY ABADI WAS RATIFIED AS PM...THE ABADI PLAN BEING IMPLEMENTED...RIGHT BEFORE OUR EYES! [post 3 of 3]
6-16-2015 Newshound Guru sczin11 HAVEN'T THEY BEEN SAYING THE CITIZENS ARE NOT USING THE BANKS...THEY NEED TO GET THE PRIVATE SECTOR IN...THEY NEED TO PROVIDE MORE CONFIDENCE...JUST THINK ABOUT THE ABOVE HUGE HUGE REFORM...NO ADVANCE WARNING, AND IMMEDIATE CHANGE...WOW! OBVIOUSLY THIS WAS PLANNED...AND OUT OF NOWHERE, YESTERDAY, DR. SINAN AL SHABIBI, APPEARS...AND UPPER MANAGEMENT REPRESENTATIVE OF THE PRIVATE BANKS STARTS WORKING AT THE CBI...ALL COMING OUT ON THE EVE OF RAMADAN? [post 2 of 3....stay tuned]
6-16-2015 Newshound Guru sczin11 Article: "Central Bank eliminates the Sabbath banks to meet the requests of foreign currency" Quote: "Iraqi Central Bank announced on Tuesday, the abolition of the Sabbath to meet the requests of banks foreign currency, noting that he had decided to reduce the filing period for amounts for feeding the external accounts of banks from 10 to 5 days. The central bank said in a press statement received by "tomorrow Press," that he "considered Saturdays decided to normal working days to meet the requests of banks and foreign currency with effect from 06.20.2015." "We also decided to reduce the filing period for amounts for feeding the external accounts of banks from 10 days to five days, and from the first of next July." HUGE CHANGES STARTING THIS WEEK...THIS IS HUGE NEWS...THE CBI WILL BE OPEN ON SATURDAYS NOW....THEIR SABBATH...TO MEET THE NEEDS OF INTERNATIONAL BANKING... AND THEY WILL RELEASE FUNDS DEPOSITED, TO SEND INTERNATIONALLY, AFTER ONLY 5 DAYS, INSTEAD OF 10... [post 1 of 3....stay tuned]
6-16-2015 Newshound/Intel Guru BGG 3) Who replaced Turki and "appointed" Ali al-Alak as "acting proxy" Gov of the CBI mere days before his own ouster as former Prime Minister? Hint - Alak would have been seen as a very "friendly face" in the CBI (a critical office on influence) for Maliki - he was the Sec Gen for Maliki's Council of Ministers (AKA - his right hand man) for 7 or 8 years of his previous regime...Getting the picture? Every time the GOI (the government of Iraq) appears to get things...going - for instance - getting close to implementing Customs and Tariffs (these Laws are already passed), right near the "go date" someone, somewhere seems to stall things...These latest rumblings against Maliki and Alak are VERY HEARTENING!! [post 2 of 2]
6-16-2015 Newshound/Intel Guru BGG Article quote: "Parliamentary Finance demanding exemption Keywords and appoint a person to manage efficiently the central bank" If you are wondering who it is who has been holding things up... 1) Who swept in on a weekend scooping up most of the CBI middle management and filing charges against Dr. Shabibi? Hint - the guy famous for "political arrests". 2) Who threatened Turki while he was the first "proxy" Gov of the CBI (who, in fact, appointed him)? Hint - the guy famous for "proxy" appointments. [post 1 of 2....stay tuned]
6-16-2015 Newshound Guru Kaperoni From CBI - "The /all banks (convert dollar amounts)" The message is only one sentence and here it is..."This is to all banks: The instructions regarding drawing of dollars will end on 5/25/15, pending further instructions." I wonder if this is a typo, meaning 6/25/2015. 6-15-2015 Intel Guru Mnt Goat It is confirmed that Ali Aler is still the Central Bank governor not Sinan al-Shibibi. Also an article that came out this week by Sinan al-Shibibi himself and in it he is talking about the independence of the Central Bank and how actions of the Finance ministry and Parliament is interfering with its ability to curve inflation and restore economic growth in Iraq. It is an excellent article and it tells us that Shabibi is advising behind the scenes, but this is his ONLY role. So for now he is still not back in office officially. But as I have said many times we will not see an RV until he is reinstated officially and is once again the “official” governor of the Central Bank of Iraq.
6-15-2015 Newshound Guru sczin11 HAS ANYONE BOTHERED TO ASK, WHY AFTER ALMOST 6 MONTHS, DECEMBER 22, 2014, WHEN DR. SINAN AL SHABIBI WAS ACQUITTED OF ALL CHARGES, HAS HE CHOSEN TO SPEAK OUT NOW? NOT JUST A QUOTE, BUT A NOVEL, ANALYZING THE ... WHERE IS IRAQ NOW, IN RELATIONSHIP TO WHERE HE WAS TO BRING THEM, SEVERAL YEARS AGO... DR. SHABIBI, SO IN TUNE WITH THE HAPPENINGS OF THE MONETARY PLAN/PROCESS, DOESNT MISS A BEAT...HE COVERS IT ALL...WHY? WHO ASKED HIM TO STEP UP/FORWARD? HOPEFULLY, MORE TO COME...
6-15-2015 Newshound Guru Aggiedad77 Dr. Shabibi is in my opinion making a very strong pitch as to why he needs to be back at the helm of the CBI...he knows...he understands...and he has the backbone to stand up to the government... When he says that Iraq is not a safe place to bring investments he is referring to the need to get laws passed that sit on the table today within the Parliament that will provide that security for investors and remove much red tape and strive to eliminate corruption from the investment process that was allowed to run rampant in years past. I see Dr. Shabibi and PM Abadi as saviors of the Iraqi economy...saviors of the Iraqi people...and kingpins in great things that can stem from Iraq that will help the whole global economic process. [post 3 of 3]
6-15-2015 Newshound Guru Aggiedad77 Dr. S is very with it in this regard and sees what has been done to the CBI as a stripping of their autonomy and forcing them to suddenly become subservient to the very government they should not have to answer to...he points to the seriousness of what the Finance Committee has implemented as a cause for a reduced effectiveness by the CBI in their monetary policies to fight inflation...something the CBI has managed beautifully for at least 10 years. Dr. S further points to the loss of autonomy by the CBI as a potential issue when it comes to such things as inflation and stability of the IQD...stating that the Finance Committee's actions will lead to a collapse of the real value of the IQD...What many are missing here is Dr. S pointing rather blatantly to the idea that the government wants what the CBI...their reserves....he reiterates what has been said several times this year that the CBI reserves exceeds the money on the street by fully 1.5 times...how many times have we heard that....a strong indicator for the CBI. [post 2 of 3....stay tuned]
6-15-2015 Newshound Guru Aggiedad77 Article quote: "Iraqi money market live in the present state of instability was the collapse of the market rate of the dinar, which amounted to 1340 dinars to the US dollar while the official price of about 1190 dinars to the dollar, although the size of the reserve is still great, which is considered a key factor in the stability of the currency." Dr. S is quick here to point to the differences of the official price of the IQD to the USD (1190) and the street market value (1340) and he says even with the discrepancy the CBI reserves remain strong indicating the true strength of the Iraqi currency... Quote: "...the central bank has lost its independence and became a bow to the decisions of the government and parliament..." He quickly points to the fact that problems exist due to the limitations attached to the CBI by the Finance Committee and Parliament which also hampers or hamstrings the CBI from defending itself because of the limitations applied by Article 50. [post 1 of 3....stay tuned]
6-15-2015 Intel Guru Mnt Goat Many are now saying that there will be an RV by the beginning of Ramadan (just 2 days from now). ...these statements since they based their assumptions mostly on a totally misinterpreted translation of a speech that Abadi gave to the citizens of Iraq wishing them prosperity and abundance during Ramadan, which begins on June 17th. As we know Ramadan is a time of fasting but it is also a time or rejoicing and celebrating. Many gifts are shared. So it would be very fitting for the prime minister of the country to wish his citizens good tidings during this holy season. Everything is not about the RV. I can guarantee it is not going to happen by Ramadan and there is a strong possibility it may not even happen during Ramadan unless the three presidents (or main leaders incuding Masoun, Abadi and Jubouri) can somehow reconcile the differences between the Kurdistan and the Baghdad government and they can get this security problem under control.
6-15-2015 Newshound Guru Breitling And guess what…I’ve been talking about it for 4 or 5 years this is how they can end up doing this and I was right. So what currency denomination can we sit on until it is 1 dollar and then what denominations can we sit on until the 3 dollars value? watch the numbers and you don’t need anyone else’s opinion. With all the drama that’s going on, has any of those numbers changed? no. We are in a phenomenal position. Do I know how long or what increments? No I don’t. that’s why we are speculating. But they reduced the note count and not only that but they were talking about how they were going to eliminate different denominations while they are adding value to their currency. And I’ll be damned if they are not doing that. I was the only one on the planet that I know of that called it. Is that a guarantee that it’s going to go…no. …If someone says that they feel the dinar is not going to go up in value? The CBI thinks otherwise. this is a business plan for a country for everyone to see. Who’s in charge of the value of the dinar? The CBI. [post 3 of 3]
6-15-2015 Newshound Guru Millionday "Emirate Economist: that on the central bank to work as a government exercise its functions within the state general framework said, but for this institution privacy in making independent decisions with regard to monetary policy, which must be consistent with the general economic policy of the state because the bank is one of the issues the currency and run by a government and its agent and financial adviser Bank..." THIS IS SAYING THAT EVEN THOUGH CBI IS INDEPENDENT -- THE GOVERNMENT AND CBI HAVE TO WORK TOGETHER THROUGH POLICIES -- MEANING THEY NEED TO COMPLIMENT EACH OTHER FOR THE GOAL AT HAND --TO REGULATE CREDIT AND THE COUNTRY`S BANKS ETC. SO -- THE ONLY THING THAT IS GOING TO MAINTAIN IRAQ IS THE POLICY AND THE MONETARY POLICY -- THE ECONOMIST IS STATING THAT EXCHANGE RATES AND IRAQ`S MONETARY POLICY HAS TO MOVE FORWARD AS IT HAS GLOBALLY IN THE PAST ---THEY ALL HAVE TO WORK TOGETHER.
6-15-2015 Newshound Guru Breitling …But here’s the deal, I told the guys let’s watch the note count if they start throwing a bunch in we are going to have to worry about what it is we did. Guess what they did? They started adding more and more notes. They went from 4 billion notes to 9 billion. But Shabbi kept saying once the economy reaches a certain point they were going to reduce the note count by 70% and they were going to add value to the currency and that’s what kept me in the dinar knowing they were adding more and more notes to the note count…that means they were diluting the value of their currency. When the report came out that they went from 9 billion to 6 billion notes that was a big deal to me. [The question was] How long can we sit on this currency. This was the first time I had heard that they were going to retire certain notes…that’s highly unusual… [post 2 of 3 stay tuned for the rest of the story]
6-15-2015 Newshound Guru Breitling I remember my business partner telling me about the Iraqi dinar. And asking what do you think? I said let me take a look…I need to look at how much currency they have out there and what are they doing. If they are adding MORE then we don’t want to touch it. And guess what they were doing? Adding More. But normally I wouldn’t touch it but I found a report talking about the IMF saying the dinar was listed at a tenth of a penny (just like it is now) but was actually worth 4 cents per dinar. And oh my god that was a big deal…we bought tons of dinar…just at the idea that it would come in at 4 cents... [Post 1 of 3 stay tuned for the rest of the story]
6-15-2015 Newshound Guru Millionday [how do you see investments & all the good economic news affecting the issue with ISIS?] THE IMPACT THAT ISIS HAS HAD ON IRAQ IS COUNTLESS --- WE CAN TALK GLOBAL EXPENSE OR WE CAN TALK THE HUMAN LOSS... SO MANY WORKED SO HARD AND GAVE SO MUCH TO MOVE IRAQ TO A POSITION OF TRADE AND WEALTH AS THE PRODUCTION OF OIL DESIGNS FOR THE COUNTRY --- THE IMPACT THEY HAVE HAD IS ONE THAT CAN NOT BE MEASURED -- WILL THEY MOVE FORWARD WITH THEIR POLICIES AND DEVELOP DESPITE THEM? YES.
6-15-2015 Intel/Newshound Guru tman23 Maliki will always be a concern because of the large crowd he has in different institutions... But Tehran calling for the Shia to improve relationships with the Kurds is a huge sign that Tehran has deep fear of a Kurd independence being a reality. This whole Iraq event is at a breaking point... 6-14-2015 **** Dinar Guru News Update **** As you know Sterling Currency was visited by federal and local officials just over a week ago. We have not heard a statement from them until today...here is a quote from Sterling's statement: "Given our long history of proactively working with federal authorities, Sterling Currency Group was completely surprised by the recent federal complaint and strongly denies any allegations of wrong doing...Despite the statements in the civil complaint, every single business related to the owners of Sterling Currency Group is legitimate and is compliant with all state and federal laws..." Their full statement was sent to the alert list earlier today...If you are not on the alert list you can get on it by clicking here...as always it's free and takes less than 5 seconds...stay tuned and connected as this wild story unfolds...
6-14-2015 Newshound Guru Millionday [in your opinion do you think the MR (monetary reform) could still happen before Ramadan?] THE REFORMS HAVE BEEN PROMISED IN MANY STATEMENTS RECENTLY -- THE TIMING NO ONE KNOWS -- I DO NOT KNOW WHEN AND KNOW THAT NO ONE DOES -- WE WATCH THE NEWS.
6-14-2015 Intel/Newshound Guru Backdoc THERE ARE TOO MANY THINGS THAT POINT US TO A NEAR TERM GREEN, GREEN, GREEN!
6-14-2015 Newshound Guru Breitling We know that the target rate from the CBI is a buck. From that point they are going to go to 3 plus. And how do we know? Cause the CBI made that statement…how long can you and I sit on the currency to be able to take advantage of this? We don’t know. That’s why we are always watching the notes and the numbers…to figure out how far we can go. that’s us watching our investment. The empirical data comes from the CBI, they are the ones that made the statement they want to get the dinar to a dollar (actually it’s a $1.17) then they want to get the dinar to 3 plus…nothing has changed. It doesn’t matter the drama…nothing has changed.
6-14-2015 Newshound Guru tlm724 they have the ability to move into a free market but the fight against terrorism and corruption is not easy to overcome. I am not making excuses for them I am just stating the obvious. Iraq is slow and we know it! it's like pulling teeth just to get them to do one major change but the desire is there from some very smart people and to overcome the obstacles is difficult, Abadi has an economic plan and he is trying to get it done! Maybe a change in leadership of the CBI will make a difference too.
6-14-2015 Newshound Guru wmawhite [Emir is the Ruler of Kuwait.] Kuwait is monarchy...a ruling family...the Top Dog with the globe's top currency. 1 KWD = $3.55. [I don't think any other country even comes close to Kuwait...Yet.] I believe you are correct. [Didn't Iraq surpass Kuwait in oil production a year or 2 ago? Second only to the Arabs.] It has surpassed Kuwait at least 2 years ago. Iraq is second only to Saudi Arabia.
6-14-2015 Newshound Guru Aggiedad77 I've been of the opinion that anything of a global type business sense within Iraq would move forward even during Ramadan...they don't shut everything down...the country continues to run and to me...that makes an RI/RV fair game ...maybe things are curtailed at certain times during the day, but commerce and business does continue...as does the government...
6-14-2015 Newshound Guru tlm724 The CBI has control over the monetary system period! They are autonomous, holding the power over the whole of Iraq's monetary policy! central bank recently issued new instructions stipulate that responsibility for the provision of securities and cash foreign for remittance of foreign currency, and this is contrary to the principle of the free movement of money and the implications on foreign investment. CBI is a bit off track! I recently said they have done things backwards! the CBI's lack of control is causing a huge ripple effect throughout the currency market! The cause is lack of control and oversight, the effect is a continuous descent of the value of the dinar. The fix is still to be determined...Wink.
6-14-2015 Newshound Guru sczin11 WE HAVE KURDS STATING NOT GETTING WHAT THEY DESERVE AS PER THE CONSTITUTION, YET WILL BE EXPECTED TO COLLECT CUSTOMS AND TARIFFS FOR BAGHDAD AND I WILL END WITH THIS...WE HAVE RELEASES SAYING THE 2016 BUDGET PLANNING PROCESS IS BEGINNING! HUH, REALLY... THEY JUST RELEASED A MONTH AGO HOW THEY FINALLY SOMEWHAT RECONCILED 2004-2013, AGAINST CONSTITUTION, AS FAR AS DELAYS...AND THEY WANT TO PLAN 2016, BEFORE 2015 IS COMPLETELY FUNDED BY THE CBI...WE RECENTLY LEARNED THE ACTING CBI GOVERNOR, MAY NOT BE ABLE TO DO WHAT WE ALL BELIEVE NEEDS TO HAPPEN...AND CHALIBI, APPEARS TO BE STIRRING THE POT AGAIN, WITH REGARDS TO ALI ALAAQ/MOSHIN ISMAIL... FOLKS, MUCH IS HAPPENING, AND IMHO, IT IS ALL COMING TO A CLOSE...RIGHT BEFORE OUR EYES! [post 2 of 2]
6-14-2015 Newshound Guru sczin11 RECENT DEVELOPMENTS: WE HAVE THE REQUEST BY IRAQ TO THE GOOD OLE USA, TO HELP THEM WITH FIGHTING AND COMBATTING , MONEY LAUNDERING. WE HAVE HAPPENINGS RIGHT HERE IN THE USA AND PUERTO RICO, WITH CLAIMS OF POSSIBLE MONEY LAUNDERING IN REGARDS TO FOREIGN CURRENCY. WE HAVE RELEASES OF...PLANES TRAINS AND AUTOMOBILES BEING CONFISCATED, HERE IN THE USA, BUT NOW BEING TAKEN BACK FROM MALIKI AND OTHERS. WE HAVE RELEASES TALKING ABOUT ARRESTS AND FILES OF POSSIBLE FUTURE ARRESTS OF MANY PEOPLE REGARDING ISIS. WE ARE IN THE MIDST OF BACK AND FORTH RHETORIC, QUOTING EVERY PERSON WHO CALLS THEMSELVES AN ECONOMIST, MANY MEMBERS OF THE FINANCE COMMITTEE...50 AND 100 K NOTES, AND WHAT THEY WILL DO TO INFLATION, DEFLATION, HYPERFLATION, HYPOFLATION... [post 1 of 2....stay tuned]
6-14-2015 Newshound/Intel Guru BGG Is anyone curious about the early August time-frame for Customs (tariffs)...and all those numbers put together aren't even CLOSE to 40 Trillion (and they may need more than that if oil prices keep falling)...so - I ask the rhetorical - were do you think they will get 40T IQD in spending power between now and the end of the year? that's a whole lot of $$ to get forked over by the WB and IMF - I don't see it...so where r they gonna get that money from...if they change the value of their currency...Their budget problem goes – POOF!! If they increase the currency value (even a little) the GOI benefits just like you to – they have have the buying power they need for “internal projects”. [post 2 of 2]
6-14-2015 Newshound/Intel Guru BGG Ok - so stop and think about this for a sec...Iraq's 2015 Budget was roughly 119 Trillion IQD...today is June 13th - almost EXACTLY half way thru the year...the other day they went public with their "true deficit" as 30% the budget... (of 119 T) - in other words more like 40+ Trillion IQD (40 Billion USD). I have been saying this - right? The deficit was waaaay more than 25 Trillion (IQD). So 50% of their budget and remaining year is likely GONE...surely they have spent the full budget allocation during the first half of the year...so they probably have only 20% of their budget left (of 119T IQD) to cover 50% of the remaining year...at a current rate of a bit over 10T IQD per month... they have a tiny bit over 2 months before they run out of money completely. So where does it come from? Has no one bothered to read the fine print on the loan articles? They aren't even close - and if they were, the loans were for like 833 mil... 9 mil... 5 bil (if they GET a credit rating and their bond issues sell... lots of "if's")... and not until past June... [post 1 of 2....stay tuned] 6-13-2015 Newshound Guru Aggiedad77 "Determine the August/August as the date for the next elections presidency of the region" So President Barzani is saying that August will see a new election day for the Kurds...does not say anything about whether the Barzani family will be allowed to continue in their current reign as President and PM...but I'm thinking that is doubtful.
6-13-2015 Newshound Guru Aggiedad77 Article: "Central bank: borrowing from the IMF will achieve the required targets Iraq" The governor of the CBI is speaking out today with regard to the pending potential loan from the IMF for $833 million dollars, stating this will aid supporting the budget as well as reducing the deficit...well yes to both...certainly such an amount would help the budget and potentially reduce the deficit "some"...but not significantly IMO...What it can perhaps do on a more positive note is improve Iraq's credit standing and allow them a higher credit rating...this having merit when you rethink the international bonds they are trying to move and need as good a credit rating as possible to make them look as lucrative to investors as possible...one scratch leads to another...building confidence in Iraq on a global level.
6-13-2015 Intel/Newshound Guru Poppy3 I COULD CARE LESS ABOUT THEIR DEALINGS. I COULD CARE LESS ABOUT THEIR LOANS, THEIR POLITICS ETC UNLESS IT EFFECTS MY POCKET BOOK AND POSSIBLE RATE OF EXCHANGE OF MY DINAR. BOTTOM LINE IS THEY NEED $$$$$$$$$ AND MORE THAN THEY CAN BORROW UNLESS THEY HAVE AN APPROVED CREDIT RATING AND VALUED CURRENCY. ITS SHOULD BE OBVIOUS TO ALL OF US THEY ARE AT A PANIC STAGE. ABADI WORKING DAY AND NIGHT ALONG WITH MANY KEY LEADERS TO GET TO THE POSITION OF FULLY FUNDING THEIR BUDGET AND MOVING THE COUNTRY FORWARD WITHOUT GOING BACKWARDS. DR SHABIBI STATED THEY NEEDED A MEDIAN RATE THAT THEY COULD MAINTAIN AND STILL GROW THEIR ECONOMY FOR 24 TO 36 MONTHS. NOTHING NEW HAS BEEN SAID FROM CBI LEADERS TO CHANGE THAT.
6-13-2015 Intel Guru Mnt Goat We should all now focus on only three (3) major items at this point in time. My timelines below are just my perception of how this may all play out. In the next couple weeks: 1) getting the 1st and 2nd readings of this new oil and gas law 2) getting announcements that they are about to hold a session to vote on the “package of laws” and that the package still contains what we need to complete the National Reconciliation. Then to see them pass these laws and then begin the implementation process. By the end of Ramadan (mid July). 3) Our major news focus should be on coalition forces defeating ISIS and getting rid of Iranian militias and Nori al-Maliki. I truly believe if we begin to see these events take root and move ahead we should also begin then to see articles slowly trickle out of the CBI telling us they are moving forward with the project to delete the zeros and currency reform (distributing the new lower denoms and the the 50k and 100k notes).
6-13-2015 Newshound/Intel Guru Randy Koonce I am writing this note to calm the people who are having trouble understanding what happen with the Sterling stuff and if you have been scammed or not... Is the Iraq money good? Yes it is unless you have sadam hussiens face on the bills. Why did the FBI raid Sterling... I read the doc and the charges they are all on BUSINESS PRACTICE NOT THE BILLS... I have not seen any bills that Sterling sold that was bad...and unless you have Sadam Hussein face on a bill then you will be ok...The FBI said in a statement that it was not going to RV...No they did not they were quoting a partner who at the time did not care because they were making lots of money...Why did GID and others get shut down... because they were partners to Sterling. What does this mean to me... It means you are ok if you are holding dinar and as soon as Barzani gets enough pressure on Obama to be paid you will see the RV...We are close. Every large bank will exchange. RELAX the RV is coming... Barzani is the Person that has to be paid... and Iraq nor the US can do this without Money and the only way for that is RV...
6-12-2015 Intel Guru Frank26 i strongly believe the IQD's MR (Monetary Reform) is at it's highest point of advancement compared to all the years of past. IMO...The speed is also accelerated.
6-12-2015 Intel Guru Mnt Goat They announced that a NEW OIL AND GAS LAW is going to be presented soon. This is what is holding up parliament. This is what is also holding up the National Reconciliation Reforms effort. I believe that once this new draft of the HCL bill is completed, it will have its first and second readings then become part of a “package” of laws presented to the legislature for a vote.
6-12-2015 Newshound Guru Millionday [...do they have to have a reality rate before they release the new bills/coins?] IT DEPENDS ON WHAT THE DENOMINATIONS ARE THAT THEY RELEASE AS TO IF THEY ARE USEFUL AT WHAT RATE --- ...WE HAD A REQUEST FROM PARLIAMENT FINANCE COMMITTEE ASKING FOR A FREEZE ON THE RELEASE OF THE LARGE DENOMS -- THEY WERE STATING THAT IT WOULD BE A RISK OF HUGE INFLATION...
6-12-2015 Newshound Guru Enorrste ...a given currency's strength is determined by its reserves. Iraq has the largest reserves in the world in comparison to the value of its money supply. Therefore it is the strongest currency, irrespective of the fact that the locals prefer dollars.
6-12-2015 Intel Guru Mnt Goat One token of news this week is we heard once again the pressure to formally reinstate Dr Shabibi as governor of the CBI. In the article it talked about having a qualified. experienced individual as head of the CBI and to allow this office to work independently of the government of Iraq. So from this we know Dr. Shabibi has NOT yet been formally reinstated to the CBI. But we feel this is coming very soon.
6-12-2015 Newshound Guru Aggiedad77 Article: "The central bank back on its earlier decision to deny an auction of 14 banks currency terms" Earlier this week we saw the CBI take action against 14 banks within Iraq where they withdrew their ability to participate in the currency auction...well today that decision was rescinded or turned around by the CBI...Not without consequences it sounds like...each of the 14 were made aware the CBI would be monitoring the actions of the bank closely through some traceable means available to them...the CBI wants the banks who are involved in the currency auctions to be seen as clean and above board in their currency transactions...no smuggling...no corruption...Their earlier actions had of course pushed the dollar higher as would be expected that old "supply and demand" issue that we've talked about for months...each of the banks has 10 days to get its house in order or face losing the ability to participate in the auctions altogether.
6-12-2015 Newshound Guru Enorrste Therefore, I see this as a bold move on Saleh's part. I also see that it may be at the prodding of Abadi or at least with his consent. Remember, Saleh works for Abadi. He won't open his mouth unless he has cleared his views first with his boss. This, then, is an internal discussion between Saleh and Abadi, on the one hand, and Allaq, the head of the CBI, on the other. It is, in essence, a statement from Abadi to Allaq telling him that, in his view, it is time to move forward with the change in the exchange rate regime. It would not surprise me if the change in the exchange rate regime occurred simultaneously with the issuance of the 50000 dinar notes. Now, the CBI is still autonomous, so we don't know if they will take the bait or not. Therefore, it is possible that nothing will come of this: we have seen this before, many times. Of course I could be wrong, but I just can't believe that Saleh would recommend to anyone that the offical rate be reduced. Hang in there. If Saleh's recommendation today comes to fruition we may actually begin to see movement in the right direction, finally. [post 2 of 2]
6-12-2015 Newshound Guru Enorrste Article quote: "Economic Adviser to the Prime Minister called on the appearance of Mohammed Saleh, to adjust the exchange rate by the central bank." As I see this Saleh is advocating...for the CBI to go ahead NOW and move to a floating currency. Once the official rate is the same as the street rate, then the demand for dollars becomes meaningless, right? If I have to pay a commission to someone to buy dollars when my dinars are going to go up and down just as the dollar does, why would I do that? I wouldn't. Remember, what happens WITHIN a country is different than what is happening OUTSIDE the country. We know that with our own currency: it goes up and down outside the country, but is still "just a dollar" at home. The same will happen with the dinar: it will be "just a dinar" and no "difference" inside the country between it and a dollar will matter. Once the incentive to buy dollars is removed by changing the exchange rate regime, then the fire to abandon dinars in favor of dollars will go out. At that point, market forces will come into play and the dinar will rise in value...once it is set free natural market forces will show that it is actually STRONGER than the dollar. This won't take long, either, because if they change the exchange rate regime then that means that OTHER people besides locals will have access to the currency. This includes speculators. [post 1 of 2....stay tuned]
6-12-2015 Newshound Guru Aggiedad77 Article: "Expert (time): overlap FAQ encourage money laundering in the country" The Finance Ministry is attempting to bring a halt to money laundering and smuggling of currency out of the country...they apparently have been struggling in this area and as a result have asked the US Treasury for assistance in monitoring what goes out of Iraq...who is sending, where is the currency going, how is it being used and such...in 2014 Iraq ranked 6th globally as a high risk of money laundering...not a list you want to be at or near the top of for sure. 6-11-2015 **** Dinar Guru News UPDATE **** As you know, Sterling was visited by federal and local authorities last week. Since then Sterling has not made a statement of what that visit was about and appears not to be operating right now. Yesterday a document surfaced that appears to be a US District Court document that contains very concerning and strong language about this situation. The gurus feel this document is authentic and their opinions are beginning to come in below. Stay tuned as the gurus chime in and this story unfolds...The latest guru posts will continue below.
Read more: http://www.dinarguru.com/#ixzz3eGLMpic9
6-26-2015 Intel/Newshound Guru tman23 The FLOAT that is spoken of by some is NOT practical for a developing country... AND INVESTORS...DO NOT LIKE IT! THE QUESTION IS WHAT DID JABOURI ADD TO THE INVESTMENT LAW THAT EUROPE RECOMMENDED AS A REQUIREMENT FOR THEM TO INVEST!
6-26-2015 Newshound Guru Kaperoni Article quote: "A source familiar with: Central bank director on the Keywords taking pulls from Bank reserves, without offset to face the climb in the dollar exchange rate" [Iraq cannot sustain these levels at auction without cannibalizing the reserves, they just don't make enough from oil revenues.] I agree... And one of the tools on our side is those huge numbers. Until the CBI raises the value of the dinar, complies with Article VIII so they can get off the dollar, the auctions will continue. So Iraq does not have years to wait.
6-26-2015 Newshound Guru My Ladies THIS IS RIGHT UPON US NOW AND IRAQ WILL REACT TO ALL THE PROGRESS AND CHANGE THAT'S COMING. [we still leaning towards July for the banking system to go live as a possible month for the repricing?] YES I THINK WE ARE. ...I WILL BE DUMB FOUNDED IF IRAQ GETS A CREDIT RATING WITH OUT THE DINAR TRADING FREELY. GET EXCITED BUT I'M TALKING ABOUT MONEY MOVING GLOBALLY NOT NECESSARILY THE DINAR TRADING...BUT I AM HOPEFUL THE DINAR WILL TRADE IN JULY.
6-26-2015 Intel/Newshound Guru tman23 The citizens in Iraq are not losing confidence, THEY HAVE LOST IT! Citizens of Iraq are lacking courage, and just as proven by military recruiting at a LOW POINT. The one FACT and it is written by the IMF and other monetary study groups... A HIGH VALUED CURRENCY brings/delivers CONFIDENCE, COURAGE, and HONOR to the people...Take note HIGH VALUE! Iraq needs to deliver to the citizens, they need to open their market economy. The market economy is not going to be developed overnight and so that being said, it is not a quick solution or even near term. The taxes will bring money quickly but that takes from the pockets of citizens who already are poor and lack confidence. We are not waiting for 2017. We are not waiting for 2016. We are not waiting for September. The time is NOW! We are waiting in the moment! They are planning for the moment! They need it NOW!!
6-26-2015 Newshound Guru Kaperoni Article quote: "there are more than 150 projects whose law had been read a second reading or what has become ready for a vote will go through the legislative term, which will begin next week," Now were talking! Pass them laws in a basket.
6-26-2015 Intel/Newshound Guru Poppy3 ...REMEMBER ABADI STATED BEAR WITH THEM TILL JUNE? MANY PREPARATIONS HAVE BEEN COMPLETED THIS MONTH...THE TARIFFS WILL NOT PRODUCE ANY $$$$$ AT THIS LOW RATE AND THE BONDS WILL NOT SELL UNLESS ASSIGNED A RATE AND HAVING A BACKER THAT HAS A CREDIT RATING TO WITHSTAND...THEY DONT HAVE EITHER YET.
6-26-2015 Newshound Guru wmawhite Article quote: "International Criminal Court's decision to refer the Iraqi Prime Minister Nuri al-Maliki and his aides to court on charges of genocide" With Iraq wanting to join the world community and to change its image, they will not be able to ignore this. The PM and GOI will need to cooperate with this.
6-26-2015 Newshound Guru Millionday Article quote: "International Criminal Court's decision to refer the Iraqi Prime Minister Nuri al-Maliki and his aides to court on charges of genocide..." NOTE -- INTERNATIONAL--CRIMINAL--COURT. genocide == HAS BEEN USED THROUGHOUT HISTORY --- IT IS A REFERENCE TO HUMANITARIAN ABUSES... THEY MAY ACTUALLY HAVE FOUND SOME IN THIS CASE...IT APPEARS THE CHARGES HAVE BEEN MADE PUBLIC. [where does this leave with the CBI since the person in the CBI was appointed by Maliki.] HE IS PROXY AND IT HAS BEEN MADE CLEAR THAT THE PLAN IS OF COURSE TO HAVE APPOINTED GOVERNOR...IT IS A POSITION. [How will this effect the Maliki supporters who are still in the CBI?] THIS WILL NOT IMPACT THE ECONOMICS OF IRAQ...THIS WILL IMPROVE THE MESS OF IRAQ IMO.
6-26-2015 Newshound Guru Aggiedad77 Article: "The central bank's "Tomorrow Press:" the project to delete the zeros will be applied beginning of the year 2017" This kind of slowdown does not make much sense...but study the words carefully, I can take this article to mean that the "process" of removal of the 000's has begun and will be completed in 2017...they have told us before it could be a 2 year process...they speak of making the Iraqi currency a competitor of foreign currency...then do it now...why wait...today makes more sense than 2 years from now...AND...don't forget the GREEN light that the CBI was given earlier this year...
6-26-2015 Newshound Guru Kaperoni i am interested to see what parliament does the next 2-3 months...they announced...they have 150 laws that have been read twice and ready to pass. I remember articles back in Nov 2014 saying January 2015 we pass lots of economic laws...unfortunately, the timeframes and dates provided in news is not accurate. I don't think it intentional, just with a new government, it's hard to know how much time it takes. But I am hopeful the next few months we get several economic laws passed. There does seem to be some sense of a plan to create an economy with tariffs...laws...the small business loans, etc. One cannot say they are not trying to jump start a market economy. Hopefully it will not get derailed. Another meeting this weekend...Think Sat...open to public to talk dinar...we should get some news on it in media...usually they do when they are public forums. 6-25-2015 Intel/Newshound Guru tman23 When I say June is the end of the road...that doesn't mean you will see a RV on July 1st... BUT it would have to show by the 15th of July... June is the end of the road... They have to have the decision made... IMO they do! I expect it! I believe everything needed will happen all at one time ... Maliki issue included!
6-25-2015 Newshound/Intel Guru BGG It appears to me, since the upper leadership of the SLC can't manage to rid Iraq of Maliki the ICC (International Criminal Courts) is going ahead with doing it for them. Major News feeds starting to carry this piece. won't that take a lot of time to complete. as an associated issue - "with his top aides" MEANS Ali al-Allaq is TOAST...no need to remove him when the ICC is on the way...AND Fuad Massoum came out today talking about replacing him anyway. As Allaq was Maliki's Sec Gen of his CoM for 7-8 years I cannot imagine a scenario he isn't scorched with Maliki in this one. solves our major obstacle... so you see - I could care less what Allaq has to say about starting the "project" in 2017...he's a goneeeeeeeeeeeeer.
6-25-2015 Newshound Guru Aggiedad77 Article: "National Investment: amendment of the Investment Law which many privileges to the investor" The amendments that are being worked into the Investment Law...if approved...will be a boon for investors so the story goes...they have been working on ways to eliminate red tape and push corruption completely to the side...hopefully their plans are coming together to make such actions so...providing protections for investors...and guarantees for both sides, something quite unusual for Iraq...they say to look for this to come to a vote early next session...will be watching for it for sure.
6-25-2015 Newshound Guru firefly [new guru] ...THE IMF AND WORLD BANK ARE WORKING FEVERISHLY WITH THE IRAQ CENTRAL BANK TO GET IT ART. 8 COMPLIANT AND INTERNATIONALLY USED - WE COULD BE SEEING SOMETHING SOONER THAN LATER. DON'T FORGET CITI BANK IS THERE, MIDDLE EASTERN BANKS ARE ALSO IN IRAQ AND THE CBI JUST ANNOUNCED THAT IT ARRANGED FOR A CURRENCY EXCHANGE RATE WITH BANKS UNION BETWEEN USD-IQD. THE IRAQI GOV. SAID THEY WOULD ANNOUNCE THE CREDIT RATING IN JULY AND THEY ARE ABOUT TO ISSUE INTERNATIONAL BONDS.
6-25-2015 Newshound Guru My Ladies THE ZEROS, ON OR OFF THE CURRENCY DOES NOT MATTER TO US, THE ECONOMIC OVER HAUL THEY NEED TO GO THROUGH DOES NOT EFFECT THE EXCHANGE RATE. IRAQ NEEDS TO COME OUT OF ISOLATION AS THEY HAVE SAID THEMSELVES AND THEY NEED TO CONNECT TO THE GLOBE. AND THE TIME FOR THAT IS RIGHT UPON US...JUST LOOK AROUND...IT'S UNDENIABLE AND IT'S EVERY WHERE...NOTHING IRAQ HAS GOING ON IS AN INDICATOR OR FACTOR FOR ANYTHING. THE TRAIN IS ON THE RIGHT TRACK! SO PLEASE DO NOT GET DISCOURAGED WHEN YOU SEE DELAY ARTICLES FROM IRAQ, OR DATES INTO 2017...I SEE THIS TRAIN COMING DOWN THE TRACK VERY, VERY FAST....AND IT WILL SCOOP IRAQ UP WITH IT AND BRING IT TO THE GLOBAL STAGE... [post 2 of 2]
6-25-2015 Newshound Guru My Ladies IRAQ HAS VERY MUCH TO DO IN THEIR COUNTRY...THEY HAVE TO BUILD, THEY HAVE TO PRINT NEW CURRENCY, THEY HAVE TO GET ELECTRICITY, THEY HAVE TO ADD NOTES TO THEIR CURRENT CURRENCY THEY HAVE TO GET THE ELECTRONIC BANKING SYSTEM WORKING... (whew) THEY HAVE SO MUCH TO DO STILL. BUT NO MATTER WHAT IS HAPPENING OR NOT HAPPENING IN IRAQ WILL NOT MATTER. THE ONLY THING THAT WILL MATTER IS THAT IRAQ WILL HAVE THE SAME ABILITY TO CONNECT TO THE NEW BANKING SYSTEM AND WHEN THEY DECIDE TO CROSS BORDERS THEY WILL HAVE TO DO IT ACCORDING TO INTERNATIONAL STANDARDS. [post 1 of 2....stay tuned]
6-25-2015 Newshound Guru Adam Montana [ I would appreciate your elaboration on what you think of these three pending issues and what their bearings are on where Iraq is now and where it stands with an HCL...HCA, Article 8 compliant...The GOI gave the CBI the right to finance the private sector and now has approved 1 Trillion dinars to back it and a Credit-Rating.] HCA is an Agreement, HCL is Law - we want the Law. This has been the most important step for quite some time, and it still is. 1 Trillion is a lot when we're hoping they increase the value of their dinar... the good news is they don't have to use the entire amount. A .10 RV could actually eliminate the need to use most of that amount. This is one reason why I've never really worried about article 8 - it's just not that important. Credit Rating - we're still waiting for this news, and I wouldn't be surprised to see it take another 3-6 months. Either way, the credit rating is not going to affect what the CBI does. I t's good to see Iraq taking that step, but again - not a major issue for us. [See the Possible "to do" list in the Dinar Guru Resource Bar on the left of this page]
6-25-2015 Newshound Guru Kaperoni Iraq has made it clear they want to raise the value of the dinar. And we know the dinar's value is not only important to Iraqi's, but significant to engage with the global economy. It will rise in value once the circumstances are in place to allow it to do so. If we all stop looking for an overnight event, we will be much better off.
6-25-2015 Newshound Gurus OOTW and sczin11 ...IRAQ IS SUBMITTING PAPERWORK FOR CONSIDERATION TO ABADI TO JOIN THE AIIB...ABADI'S GOVERNMENT, THE COM, HAS APPROVED THE DESIRE TO JOIN...AND SALEH CAME OUT AND SAID HE WANTS THE PEOPLE TO BE PAID IN DINAR NOT DOLLARS...ON THE SAME DAY THAT THE FINANCE COMMITTEE HAD THEIR MEETING WITH KEYWORDS AND SAID THEY WERE GOING TO IMPLEMENT MONEY LAUNDERING CONTROLS WITH ALL BORDERS, ESP IRAN...WHAT DO YOU THINK IRAQ NEEDS? A TRUE VALUE TO THEIR CURRENCY, THEIR CURRENCY, WITH RESERVES TO SUPPORT IT...COULD IT BE AT 1166? YES...BUT I DOUBT IT WITH ALL OF THE PRIVATE SECTOR DEVELOPMENT AND TRADE...THE PUDDING'S BEING MADE AND THE PROOF WILL FOLLOW...THEY'RE OPENING CROSS BORDER TRADING AND CURRENCY CROSS BORDER TRADES. THE COM HAS STATED TARIFFS GO INTO EFFECT AUG 1.
6-25-2015 Newshound Guru Aggiedad77 Article quote: "a member of the Investment Committee and the economy MP Najiba Najib announced that Article 50 of the Budget Law has failed and impacted negatively on the Iraqi dinar." One of the most vocal members of the Finance Committee is now admitting that Article 50...the very cap THEY placed on the CBI has FAILED and it has been the NEGATIVE influence on the IQD all along this year. Keep the politicians out of the CBI's business ...these folks may think they know politics but when it comes to banking and high finances...they flounder... Remember they are the ones responsible for putting a budget together and they struggle with that as well...I am sure this will not be the last we hear from the Finance Committee but they have caused enough damage...
6-25-2015 Newshound Guru Breitling Article [The issuance of three categories of cash in 2017] there are a lot of people in panic mode saying hey are they going to push this off for another 2 years? Here's the problem with this…they are already working on it and the indicators that they are working on it and already started are reducing the note count, retiring some of the notes and attacking the dollar within their own market…once they got started putting these projects in order and they started executing them it would take about between 2 to 3 years. So this article is consistent with that, nothing has changed…It's one of two categories: ...they are going to change the value of the currency and they start it now or they do in 2017. I say they are in the process of doing it now...
6-25-2015 Newshound Guru Kaperoni Article quote: "Iraqi National Business Council revealed on Tuesday for approval of the Cabinet on the proposal of Iraq's accession to the Asian Investment Bank..." This is a pretty big deal we are overlooking. From Wikipedia... "The Asian Infrastructure Investment Bank (AIIB) is an international financial institution proposed by the government of China. The purpose of the multilateral development bank is to provide finance to infrastructure projects in the Asia region. [2] AIIB is regarded by some as a rival for the IMF, the World Bank and the Asian Development Bank (ADB), [3] which are regarded as dominated by developed countries like the United States. [3] The United Nations has addressed the launch of AIIB as "scaling up financing for sustainable development" [4] for the concern of Global Economic Governance. [5]"
6-25-2015 Newshound Guru Adam Montana [What is your opinion on getting the Illusive HCL passed this year ? Yes,No,Maybe,Or?] 4 months ago I would have said "ABSOLUTELY". Now I have to back up and say "Let's see what happens after Ramadan" - the month of August will tell us what to expect from Iraq in the short term.
6-25-2015 Newshound Guru OOTW ...WHAT WE'RE WANTING TO HAPPEN WITH THE ECONOMY TRULY HAS TAKEN OFF. WE'RE SEEING AMAZING MOVEMENTS FROM ALL OF THE MINISTRIES TO GET THE PRIVATE SECTOR DEVELOPMENT AND ECONOMIC REFORM ROLLING. IMHO, PROGRESS REALLY HAD JUST BEGUN WHEN ABADI TOOK OFFICE - AND COMPARED TO THE PAST EIGHT YEARS (AT LEAST) - WE'RE DOING WONDERFULLY! 6-24-2015 Newshound Guru Millionday [they talk about companies coming in for investment and getting loans and all but my question is can they do any of this without a rate change?] THEY CAN DO THIS WHEN THE IRAQI LAW ALLOWS IT WITHIN THE INVESTMENT LAW -- THE RATE WOULD BE A CHOICE ON BOTH SIDES. [do the smart cards have to be international for them to work and Does the RV have to wait on the Smart cards?] THE SMART CARDS ARE REPORTED TO BE GLOBAL AND THROUGH MASTERCARD -- HOW THEY WILL DO THIS TOOK MANY MORE EXPERTS THAN WE HAVE SO I WILL KEEP EYE OPEN ON INK FOR US AND WONT GUESS... [are they loaded?] NOT THAT I AM AWARE OF -- THEY REPORTED BUILDINGS THAT ARE SPREAD OUT AROUND IRAQ TO ALLOW PEOPLE TO PICK THEM UP BUT HAVE NOT SEEN ACTIVATED AND USABLE IN ANY REPORT EXCEPT MILITARY A LONG TIME AGO.
6-24-2015 Newshound Guru Aggiedad77 Article: "The new investment law is ready for vote: raise taxes urgent and vacations for investors" The new Investment Law is ready for a vote and does not have problems that will keep it from being approved...it raises taxes...and they don't think it will be problematic to approve...let's watch what happens...no doubt new and improved investment laws are needed and the cutting of red tape is necessary along with the removal of corruption potential...
6-24-2015 Newshound Guru Kaperoni ...it would be a great thing if countries could just randomly appreciate the values of their currencies to solve problems. Unfortunately, that is not how it works. IMO, there is a plan. And that plan is that the dinar will rise to counter inflationary pressure created as Iraq diversifies their economy. As more and more investors come in, more and more investment capital comes in, inflation will begin to set in. And to counter that the dinar will appreciate in value. All the tools are being put in place..tariffs, bonds, 5 trillion small/med business loans, etc. All designed to kick start the economy, stabilize Iraq, create an investment climate that continues to grow..creating the pressure needed to raise the value of the dinar...from the IMF Article IV Consultation..the Balassa-Samuelson effect - "countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates."
6-24-2015 Newshound Guru Adam Montana Just a short while ago, they were talking about the possibility of 50k+ notes by the end of the year, but that talk fizzled pretty quick. Now there's this article about smaller notes! It just goes to show that the articles they pump out don't mean a thing. When they are ready to make a significant change, it won't be preempted by relevant news articles. The exact opposite is true! They aren't going to give any more clues than they absolutely have to, if that... [post 2 of 2]
6-24-2015 Newshound Guru Adam Montana Not much happening in the news lately, and pretty much all of my contacts in Iraq have gone silent this past week... which tells me we're not going to see any activity during Ramadan, much like past years. In fact, it's been a little quiet in the past month as well... - Abadi came in with a bang, got people motivated to work together and make some progress, and they did! Iraq was on a downhill scream for the first few months, and then... silence. It's my suspicion that everyone is resting up, and we'll see more positive progress after Ramadan. [post 1 of 2....stay tuned]
6-24-2015 Newshound Guru sczin11 LOTS OF BACK N FORTH, LOTS OF QUESTIONS, AND LOTS OF PROMISES...I STILL MAINTAIN SOMETHING BIG, ANNOUNCEMENT, EVENT, SOMETHING..IS ABOUT TO BE EXPISED. [This month!] IT COULD HAPPEN ANY DAY...IF ALL ELSE FALLS INTO PLAY...
6-24-2015 Newshound Guru tlm724 Article: "The annual increase resources for border ports" there we go, getting ready for the tariffs and lets not forget that on June 16th the minister of commerce had a meeting with the WTO. [See Possible "to do" list in the Dinar Guru Resource Bar on the left of this page]
6-24-20145 Newshound Guru wmawhite [would it make sense that they would have to have a pretty good credit rating to be accepted?] A credit rating is a sign to the rest of the world of what risk Iraq is when doing business with them.
6-24-2015 Newshound Guru Shredd But for these notes to ease the burden of not have large notes in circulation, that means these notes will not have the role of being coins but rather their large notes. That will mean the rate will be closer to a buck. Think about the USD, the 100 dollar note is the largest note that has a decent usage in circulation... Quote: "...as the bank continues to center to pull the old category of the currency over ten years. ". This should also give you peace of mind that the notes we hold will not get discontinued and be useless to us like they did the 50 dinar note. Again, good news folks. We still need to be patient but this amazing return on investment is not an "IF" but a "WHEN". [post 2 of 2]
6-24-2015 Newshound Guru Shredd Article: "Central bank: 2017 will see the issuance of new cash categories" To me, I see this as a good article folks. This is telling us the projection is the rate will be strong enough in only a year and a half from now to demand the circulation of the 50, 100 and 200 to "ease the burdens" after deleting or removing the three zero notes from circulation. Remember, this is a gradual process and the CBI is revealing more of their plan. This means we should see the rate improve to that point between now and then. The process of bringing strength to the dinar will take time. Think of it...if the exchange rate was a dime, these notes would be worth 5, 10 and 20 cents. That's a pretty darn good exchange rate! [post 1 of 2...stay tuned]
6-24-2015 Newshound Guru Kaperoni Press Release Quote: "The head of the House of Representatives, Saleem al-Jubouri, Tuesday, that the House of Representatives awaiting the arrival of the oil and gas law, the Council of Ministers in order to read the legislation." One thing is for sure..they are making this next session of parliament out to be the "big" one.
6-24-20215 Intel/Newshound Guru tman23 There are 44 foreign embassies in Iraq...25 consulates in Iraq (all in Erbil)... The job of an embassy is to help foreign travelers...the consulates deal with the same and business... 4 consulates were just named for Erbil in the past 7 days...Belgium will be opening it's embassy in Baghdad and then immediately Erbil consulate... SO... With all these embassies... WHY? There is a lack of security and terrorism. Who is planning on visiting? And Iraq has 77 embassies to fund in foreign countries.
6-24-2015 Intel/Newshound Guru Poppy3 NO ONE IS HOLDING THE RV UP?! AS I SAID 2 MONTHS AGO WHEN THEY FINISH THE LIST OF REQUIREMENTS OUTLINED BY U N , WORLD BANK AND IMF...THEN THE NEXT DAY WE WILL SEE A RATE. ...THIS THING EFFECTS MANY COUNTRIES...THERE ARE MANY DETAILS WE ARE NOT NOR EVER HAVE BEEN PRIVY TO. THIS IS AN AWESOME INVESTMENT BUT THIS INVESTMENT IS NOT LIKE INVESTING IN BUDWISER , OR PEPSI COLA...THIS WILL EFFECT THE MONETARY SYSTEM AROUND THE GLOBE...BE PATIENT AND PARTICIPATE IN HISTORY...
6-24-2015 Newshound Guru Millionday LETS TAKE ONE MORE LOOK AT THE IMPORTANCE OF A CREDIT RATING AND ITS USE FOR A COUNTRY -- (MUCH DIFFERENT THAN PERSONAL AND BUSINESS) THE CREDIT RATING IS A KEY ELEMENT IN THE DECISION MAKING FOR INVESTORS WHEN DECIDING TO INVEST IN A COUNTRY---THE RISK (HIGH OR LOW) IS DESCRIBED BY THE RATING ITSELF AND ALSO THE CONFIDENCE IT BUILDS IN ITS PROCESS. Article quote: "The central bank decided to open a window at his headquarters in Baghdad to meet delegates and scholars requests abroad in dollars and the official price." MEETINGS ARE NOT ONLY GOING ON ABOUT IRAQ`S CREDIT RATING - BUT THEY ARE ALSO MEETING ON THE OFFICIAL CURRENCY PRICE -- WHHHOOOPOW.
6-24-2015 Newshound Guru Aggiedad77 Article: "Jubouri: General Amnesty Law came to Parliament" According to House Speaker Jubouri, Parliament will have in front of it upon its return the Amnesty Law, along with several other important laws that were there when they left on recess, the National Guard Law, Federal Court Law, Law of Parties, Law of Accountability and a host of other issues some of which has been around without resolution for at least 8 years...time to "git 'er done" folks.
6-24-2015 Intel Guru Frank26 IMO the bonds totally solve their liquidity problem and these bonds need to be SOLD NOW! They don’t have to wait until Jan 2016 – they need to start selling them in July.
6-24-2015 Newshound Guru Chattels "the Council voted during its meeting today to approve the draft local product protection law, which included some 13 national protected material" i wonder what local products are being protected and how such is being accomplished. tariffs? perhaps we are indeed poised for the implementation of tariffs in the near term - very interesting.
6-23-2015 Newshound Guru Aggiedad77 Article: "Deputy: the deletion of zeros from the currency and a national project" Word of CAUTION here...don't just read the 2017 date and freak out...this project of the deletion of zeroes is an ongoing part of the MR...trust in this...yes they have said it could take upwards of 2 years to complete...but the lava flow is moving as we speak today...note too they talk of pulling old currency back in over a 10 year period...they are working in a very focused way to make all this happen...working in the face of adversity as there are those from a political standpoint who do not want to see this happen...these speed bumps must be overcome as they keep pushing the flow forward.
6-23-2015 Newshound Guru Kaperoni it is nice to read that they will honor the larger 3 zero notes for 10 years again. That should give us plenty of time to watch the dinar rise once it starts to decide where and how we will exchange these notes...for sure the can has been kicked down the road starting back in 2012. But I believe that if they do issue the larger 50k note, the process is then non-reversible... because once they start reducing the physical note count there is no turning back. Hopefully I am correct and this project will finally get started so we all can relax and watch Iraq and the dinar prosper. The dinar float must start well before 2017 (probably early to mid 2016) in order for the rate to reach a point where a 50, 100, and 200 dinar note would be of use in the market (IMO around .10 cents). [post 2 of 2]
6-23-2015 Newshound Guru Kaperoni Article quote: "...delete the zeros of the Iraqi currency and a national project to feminine Iraqi currency, likely work on the project early in 2017." Though hearing 2017 is not good, this is a really good article. It once again confirms no LOP (a LOP would require all denominations to come out at the same time). It also confirms that the issuance of the 50k will move the process forward to delete the zeros. It also confirms that the rate must rise to at least a point where a 50, 100, and 200 would have usage (which IMO is about .10 cents). So this is more confirmation that the CBI plans to delete the zeros gradually, raise the value of the dinar, and begin doing so after they reduce the physical note count with the issuance of a 50k note (if they do this at all). [post 1 of 2....stay tuned]
6-23-2015 Newshound Guru Aggiedad77 Article: "Why will deteriorate dinar? .. Economists discuss pumping the dollar in the markets, policy" Some economists say the dinar will deteriorate...some say that it is going to improve...my opinion says that if they can keep the politicians out of the mix that the dinar will see improvement, let the CBI do what they do best which is money management...if there are money launderers in the mix take care of them, point fingers at them, charge them, and get them convicted...same with smugglers...can't have either...And as far as corruption goes...please turn it over to the Integrity Commission and let them put their detectives on it...just focus on what should be in the best interest for Iraq and what follows from that will prove to be a great thing for the world as well.
6-23-2015 Intel Guru Frank26 WHAT IS ON THIS CHECKLIST IN JULY? Me personally, I’d like to stick in my vote: 1 – I want the governor as quickly as possible – only Shabibi. 2 - Bonds with a soluble rate. 3 - The 50 and 100 new currency (don’t confuse the 50K and 100K notes that are a completely different subject...there is no such animal…you’re saying they’re going to replace them but there isn’t any – it’s just the 50 and 100. 4 – Master Cards and Visas and many different kinds of cards 5 - Salaries 6- Lower denom’s 7 - Look the 7th of the 7th of the 7th...is CREDIT RATING. These are the 7 things for July and it’s not even far-fetched...if it’s really not going to happen this month, may we say forget about it? No, no! Move into the next month because it’s the lava flow...They have no liquidity, therefore, no value and yet they have assets...4 million barrels of oil are produced a day is an insult to an IQD of 1166. The RATE IS WRONG for what’s happening in Iraq!
6-23-2015 Newshound Guru sczin11 LOOK AT THE QUANTITY OF FINANCIAL, MONEY, BANKING, ARTICLES AND TOPICS HAVE BEEN RELEASED IN LAST MONTH...MIND BOGGLING TO SAY THE LEAST...DINAR EXCHANGE VALUES UP AND DOWN AGAINST THE US DOLLAR, NEW LARGE DENOMS BEING ISSUED AND DESIGNED, FINANCE COMMITTEE STATES THIS, CBI STATES THAT, POLITICAL DIGNITARIES POINTING FINGERS, CRISIS CELLS DEMANDING EXPLANATIONS, CORRUPTION, MONEY LAUNDERING, BANKS SUSPENDED FROM AUCTIONS, THEN REINSTATED...NO AUCTIONS, HIGH AUCTIONS, NO TAX ON EXCHANGES, BANKS OPEN ON SATURDAYS WITH 4 DAYS NOTICE TO GET WORK SCHEDULES IN PLACE...NEED I GO ON... GET THE PICTURE...CALL IT DIVERSION...CALL IT A COVER UP...SOMETHING IS HAPPENING...OH AND WAIT...DR. SINAN AL SHABIBI, SPEAKS AFTER SIX MONTHS OF SILENCE, SINCE HIS ACQUITTAL! HAVE WE HEARD ANYTHING FROM THE BANKS IN MOSUL SINCE JUNE 10, 2014, OTHER THAN ROBBED, CLISED DOWN, CONTROLLED BY ISIS, ISIS MONEY BEING USED...AND TODAY WE HEAR FROM THE BANK OF JORDAN, REFERRING TO INTERVIEW OVER A MONTH AGO...WHY MY FRIENDS? [post 2 of 2]
6-23-2015 Newshound Guru sczin11 JORDAN BANK IN MOSUL STATES BUSINESS AS USUAL...MULTIPLE RELEASES AND VIDEO INTERVIEWS, THAT BANKS ARE OPERATING IN MOSUL, LIKE NORMAL! ...WHY IS THIS SUCH IMPORTANT INFORMATION? MANY HAVE CLAIMED NO potential change in value UNTIL ISIS OUT OF MOSUL...MANY HAVE STATED EITHER MOSUL BANKS WERE CLOSED OR RUN BY ISIS... MANY HAVE STATED WHY WOULD CBI potential change in value AND GIVE ALL THAT MONEY TO ISIS SINCE MOSUL IS RUN BY THEM...MANY HAVE STATED ISIS IN SUCH CONTROL OF THE COUNTRY THAT MR CAN NOT BE COMPLETED...WE HAVE HEARD REPORTS OVER LAST MONTH THAT MOSUL WOULD BE, IS, OR WILL BE LIBERATED SHORTLY...HEARING AND READING ALL THESE RELEASES, IS CONFIRMATION TO ME, THAT ISIS IS NOT HINDERING THE COMPLETION OF THE MONETARY REFORM...JMHO. LIKE MOST EVERYTHING ELSE WE READ, THE NEWS HAS HAPPENED, PAST TENSE...SO THE QUESTION REMAINS, WHY RELEASE THIS NOW? MORE DIVERSION FOR SOMETHING BIGGER TO HAPPEN OR BE RELEASED, THAT SEEMS TO BE LOOMING IN THE LIMELIGHT... [post 1 of 2....stay tuned]
6-23-2015 Newshound Guru Millionday "The Exchange Rate of Foreign Currency in Economic Feasibility Studies" I WANTED TO LOOK AT WHAT IS BEING USED TO DO THE CALCULATION...UNDERSTAND I AM SHOWING YOU WHAT IS BEING DISCUSSED BUT NOT IS ONLY DISCUSSED--BUT--PLANS STATED--AND THIS DISCUSSED IS ACTUALLY--THE REALITY OF IT ALL. Quotes: "Justifications for exchange-rate adjustment: ...It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods..." "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." we have never seen any kind of calculation at any time. [so r they saying 3.208 or 1.13?] THEY ARE LISTING JUSTIFICATIONS -- NOT ACTUAL -- JUST WHAT COULD BE AND WHY ETC -- NO GUARANTEES.
6-23-2015 Newshound Guru wmawhite [can Abadi pull this off without CBI cooperation?] The CBI carries out monetary policy set by the government...in addition to enhancing and protecting the value of the currency. Two separate missions.
6-23-2015 Intel Guru Frank26 The governor is about to be put BACK in...Dr. S [Shabibi] is a head of the CBI...and has no intention of stopping it because he put this whole thing together in the first place...Dr. S has done a wonderful job...Security is being done. You would not want Dr. S to raise the value under the condition if the banks were not safe. Dr. S doesn’t want to endanger his banks – they’re going to be extremely important and IMO, he got the banks back that he wanted, IMO. Security within the governorship of the CBI is the next chapter IMO. ...this is the meat of what’s going on right now. The substance of the governorship of the CBI. Everybody’s looking at the CBI and now it’s time to look at the leader. GOVERNORSHIP MUST NOW BE SECURED. Iraqi is getting ready for the monetary reform. The pressure is on Abadi – to give us the opportunity to bring forth the true governor of the CBI – the IMF wants this...
6-23-2015 Newshound/Intel Guru BGG [Rumor has it, Maliki will be indicted in an international court...?] according to reports - that is accurate...and I am commenting on reports only. [If so, could that trigger a replacement in the CBI very soon?] IMHO - they are parallel events...Does not feel as though one depends on the other.
6-23-2015 Intel/Newshound Guru tman23 [can they postpone tariffs again, also how can tariffs be imposed expecting people to pay more without purchasing power?] They can do anything they want...they are sovereign... The better question is what can they afford to do or not do? Answer: They can not afford to invest in projects...And as for not doing...They can not afford to stay in the current status quo for another 6 months.
6-23-2015 Newshound Guru Millionday THEY HAVE WORKED HARD TO MAKE SURE THEY CAN GET A HIGH CREDIT RATING BY PAYING DEBT AND THE MAJOR IMPORTANCE THEY MADE IN IT. [so with their strength in oil, gold etc, would it not be feasible they would be at least a BB or higher?] THE REPORTS WE HAD DURING THE WEEK WERE ADDRESSING THEIR CAPABILITIES -- SO YES IT APPEARS THEY ARE TAKING INTO ACCOUNT EVERYTHING AND NOT JUST THE ACTUAL. I AGREE...THEY ARE HOPING FOR A BB OR HIGHER. [Do they have to have a credit rating to rv?] THEY NEED CREDIT RATING TO SHOW WHAT CONFIDENCE THE CONTRACTORS AND DEBTORS CAN HAVE IN IRAQ-- HIGH CREDIT RATING MEANS -- CONFIDENCE IS HIGH. [can they rv before credit rating?] I DON'T KNOW -- THEY COULD HAVE JUST ONE STEP IN THE MIDDLE OF EVERYTHING -- WE DON'T KNOW WHEN... [post 2 of 2]
6-23-2015 Newshound Guru Millionday Article quote: "in the past week took place in Istanbul intensive meetings with two of the three for" credit rating "{" Fitch "and" Moody "} global institutions." IN THE PAST WEEK NOT JUST MEETINGS -- INTENSE MEETINGS -- GLOBAL... THIS IS ALSO VERY IMPORTANT TO THE INTERNATIONAL BANKS. Quote: "The objective assessment credit situation of Iraq, which is the "Unclassified" {NR, Not publicly rated}, and this is less so from lower grades D .. The highest grades are AAA." IRAQ`S RATING RIGHT NOW IS UNCLASSIFIED -- THEY NEED ALL THREE...THIS IS VERY IMPORTANT AND OF COURSE ONE OF THE LAST THINGS THAT HAS TO BE DONE TO GO TO THE MARKET ECONOMY -- GLOBAL... [post 1 of 2....stay tuned] 6-22-2015 Newshound Gurus OOTW & sczin11 Question: "Several months have gone by since WTO explained that a country can only have one currency if they want to enter the WTO. Yet Iraq is stilling messing with two currencies. Why?" [Guru OOTW] NOT NECESSARILY THERE ARE PLENTY OF COUNTRIES ASCENDED TO THE WTO THAT USE MORE THAN THEIR "NATIVE" CURRENCY. IF THEY'RE CURRENCY IS PEGGED TO THE DOLLAR THEY'LL SOMETIMES USE THAT IN ADDITION TO THEIR OWN CURRENCY - I'M NOT AN EXPERT ON INTERNATIONAL CURRENCY REGS/RULES FOR THE WTO, SO YOU'LL HAVE TO EXCUSE ME ON THIS. [Guru sczin11] THEY R WORKING ON THAT VERY ISSUE NOW, IT APPEARS. THEIR NATIVE CURRENCY MUST BE A TRUE VALUE AND INTERNATIONALLY ACCEPTED, TRADED, AND RECOGNIZED, I DO BELIEVE.
6-22-2015 Newshound Guru Millionday THIS IS A PRESS STATEMENT...
"Parliamentary Committee Member problem to investigate the reasons for the fall of Mosul to provide the Vice-President of Iraq and former Prime Minister, Nuri al-Maliki, to the International Criminal Court, because of what he called the "responsibility" for the control of so-called organized Daash..." MALIKI TO INTERNATIONAL CRIMINAL COURT -- SHOCKING... THEY DON'T THINK IRAQ WILL HANDLE IT AS IT SHOULD BE SO --- TO THE INTERNATIONAL COURTS. THEY REPORTED DIRECTLY TO HIM HIS ORDERS ACCORDING TO THIS... [WOULD THESE TRIALS HOLD UP ECONOMIC REFORM...?] I CAN TELL YOU WITH CERTAINTY --- NO. [an indictment and pending trial of Maliki could speed up reform.] GOOD POINT -- CONFIDENCE WOULD BE A GIVEN IMO.
6-22-2015 Newshound Guru Millionday IRAQ IS SUPPOSED TO RECIEVE THEIR CREDIT RATING THE FIRST PART OF JULY...THE CREDIT RATING REPORT DID NOT STATE THEY REQUIRED THE GOOD VALUE BEFORE THE RATING.
6-22-2015 Newshound Guru sczin11 With regards to the FC meeting yesterday, where CBI ACTING GOVERNOR WAS PRESENT, THE OFFICIAL INK IS OUT, STILL SOMEWHAT AMBIGUOUS... ALL THE ARTICLES FROM YESTERDAY AND TODAY ADDED MORE DETAILS OF THE MEETING, THEN WHAT WAS ACTUALLY PUT FORTH ON THE OFFICIAL SITE...NO MENTION OF THE AUCTIONS BEING STOPPED... THAT BEING SAID, THE KEY STATEMENT IN THE OFFICIAL RELEASE, APPEARS TO STATE... BRING ON THE DINAR FOR THE PEOPLE TO USE...NO NEED TO RESORT TO EXCHANGING THEM FOR DOLLARS! THEY ARE STATING THAT THE DESIRE TO GET THE US DOLLAR WILL DISAPPEAR AND THE PEOPLE OF IRAQ WILL USE THE IRAQI DINAR!!! THERE IS ONLY ONE WAY, THAT WOULD HAPPEN...NEED I SAY ANYMORE?
6-22-2015 Intel/Newshound Guru tman23 CBI reserves near the end of 2011 were reported by Shabibi to be 63 billion in foreign reserves...AND that the amount of reserves held by the CBI was sufficient to cover the IQD THREE AND ONE HALF TIMES...3 1/2 ... No ERROR NO MISTAKE... Then in 2013 it was stated the reserves reached well over 80 billion dollars... 20% of the CBI reserves is IQD...BUT not counted in the foreign reserve category...Then the GOLD PURCHASES...Not counted as "foreign currency reserves"... Remember the articles not long ago speaking of 4-1 ratio's... The CBI reserves can cover their currency 4 times...NOT 2... And the rate of the auction used to be $13...the rate 1166 +13 = 1179 ...That was for years... Now the 1166 + 24 = 1190...The CBI has almost doubled the charge rate.
6-22-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Finance: We have taken several measures to ensure the stability of the dollar exchange rate" ...the Finance Committee may actually be doing something worthwhile...looking to edit the Money Laundering Act...to be forwarded to the COM and then back to Parliament to be voted upon...seems that maybe PM Abadi has forced their hand insisting that currency manipulators be dealt with an iron fist and his expectations would be that the Fin Comm get this ball rolling...I am sure that he is well aware of their position on things and he watches their every move very closely to monitor where they are headed in the scheme of things...Abadi is no one's fool and he will not be played by some underling committee from Parliament.
6-22-2015 Newshound Guru Millionday "The governor of the Iraqi Central Bank on the Keywords may take the government announced a series of measures aimed at reducing the significant rise in the dollar exchange rate against the dinar during the last period." SO IT APPEARS WE SHOULD BE SEEING REPORTS OF SOME ACTION ECONOMICALLY THAT ARE GEARED TOWARD THE GOAL OF ECONOMIC AND MONETARY REFORM.
6-22-2015 Newshound Guru sczin11 I...DO NOT FEEL ISIS HAS ANY BEARING ON THE COMPLETION OF MONETARY REFORM.
6-22-2015 Newshound/Intel Guru BGG [If they boot Alaq then Shabibi could step in? They need expertise to do this? Shabs is one of a few that could do this right?] I think they have/or are getting close to the consensus they need to remove him...they could - but I kind of doubt that happens immediately...it is one thing for Dr Shabibi to write a critical OP ED - it is entirely another for him to step back in - especially with the unrest there... and run the show with Maliki lurking in the shadows. I would suspect he has some proof of Maliki financial crimes. He has to be some very serious threat for Maliki to have reacted to him the way he did. Of course - but there are options other than Dr Shabibi which are just as good for us.
6-22-2015 Newshound Guru Chattels I have taken the position for some time now, right or wrong, that DAESH is a real problem or the existence and survival of DAESH mirrors a lack of security and stability that tells us that Iraq is still dysfunctional.
6-22-2015 Newshound Guru OOTW ...THE NATIONAL GUARD LAW IS NOT PASSED. IT HASN'T BEEN READ THREE TIMES AND IT IS NOT IN THE GAZETTE.
6-22-2015 Newshound/Intel Guru BGG ...there is a VERY serious struggle for the soul of Iraq going on right now. I haven't been saying Dr Shabibi is coming back next week or there is some "unseen" good fortune waiting just around the corner...at least they are fighting for the right side (for once) and talking about economic reform openly... this is vital to the future of Iraq (and obviously good for us)... instead of us having no real chance - as turned out to be the case during the Maliki regime. ...and this is very good for us (the struggle)...the main three laws they need to set their way straight are stymied for the moment. I believe they will get done fairly soon...none of which mean there cannot be a change in their currency FIRST - ...1) the National Guard Law...2) the Fed Court Law...3) the General Amnesty Law...4) obviously the Investment Law (or Law of Investments) fits in there somewhere as well... more directly germaine to us than the others...all seem to be "on the brink" but still vigorously opposed by the Shia hardliners - herein lies "the rub"...
6-22-2015 Newshound Guru sczin11 [Has the article about Central Bank Issuance of a New Currency been adressed yet here?] I DONT BELIEVE, OR CHOOSE NOT TO...THAT ANY OF THE TALK ON THESE NEW LARGE DENOMS, WILL HOLD WATER. I AM OF THE OPINION, THE RHETORIC HAS NOW BEEN DELAYED FOR A HALF YEAR, ENOUGH TIME FOR THE CBI TO GET THE RIGHT PEOPLE IN PLACE, BACK ON THE HORSE...AND THE NEW CBI ADMINISTRATION WILL ACTIVATE THE FINAL STEPS TO MONETARY REFORM...AND SMALL DENOMS WILL FLOOD THE NATION OF THE NEW IRAQ!
6-22-2015 Intel/Newshound Guru Poppy3 ...AS FAR AS THIS RV IS CONCERNED...BASED ON THE PM ABADI IN JANUARY AND AGAIN IN FEB...HE TOLD ALL OF IRAQ AND THE WORLD...PEOPLE JUST BEAR WITH US TILL INTO JUNE AND YOUR MONEY WILL HAVE VALUE AND MUCH MORE BUYING POWER. NOW REMEMBER THIS IS DIRECT FROM HIS MOUTH TO OUR EARS. UNTIL HE SAYS SOMETHING DIFFERENT THATS WHAT WE CAN COUNT ON. 6-21-2015 Newshound Guru Kaperoni IMO if they issue the 50k notes the clock for currency reform has then started. Why? Because they will reduce the note count by 50% (over a period of a few months) and that means they are in a position to begin the process to delete the zeros. If they don't, IMO it would create a new set of monetary policy concerns. Especially since they said they will destroy the notes exchanged for this new larger note. There is no go back at that point. I still hold out hope the 50k comes out sooner than later...but if we have to wait to mid 2016 to see the dinar begin to rise, so be it. ...they have made it very clear these notes will not just exist in the money supply...they are for purchase. Meaning you will have to give up two 25k notes to get one 50k. of five 10k notes, etc. this will not reduce the money supply, but will substantially reduce the amount of paper.
6-21-2015 Newshound Guru Chattels [Do you think the current leadership is capable of turning the corner over there?] it occurs to me that the corner was turned with the " seating " of a government under Abadi and with the ostensible peaceful transfer of power - we are in the stretch - hoping that the Abadi horse does not break down before the finish line.
6-21-2015 Newshound Guru sczin11 [Do you think the current leadership is capable of turning the corner over there?] THE ABADI REGIME, IMHO, HAS ACCOMPLISHED MORE IN 10 MONTHS, PROGRESSIVELY, AS FAR AS IMPLEMENTING ER AND MR, AND BRINGING IRAQ TO A SOVEREIGN DEMOCRATIC SOCIETY, THAN THE PRIOR REGIME DID IN 8 YEARS. IMHO, WE NEED THE CURRENT ACTING PROXY GOVERNOR OF THE CBI REMOVED.
6-21-2015 Newshound Guru Kaperoni From Investopedia...DEFINITION of 'Sovereign Credit Rating': The credit rating of a country or sovereign entity. Sovereign credit ratings give investors insight into the level of risk associated with investing in a particular country and also include political risks. At the request of the country, a credit rating agency will evaluate the country's economic and political environment to determine a representative credit rating. Obtaining a good sovereign credit rating is usually essential for developing countries in order to access funding in international bond markets. [post 2 of 2]
6-21-2015 Newshound Guru Kaperoni Anyone see that Iraq expects a credit rating next month? [see definition of "Sovereign Credit Rating" in part 2 of 2] I did a bit of looking into this... The credit rating is important because Iraq wants to sell bonds to cover the deficit. If anyone would want them. ...the dinar is convertible now. Since they are in Article XIV, it does not prevent them from trading or convertibility. That being said, many merchants, and banks refuse to deal with them under that condition...its really a choice by the bank or merchant if they are willing to engage with Iraq while the CBI is under Article XIV. That would change if the CBI met the conditions to move to IMF Article VIII...Which is the international standard of acceptance. Banks, merchants would welcome transactions, etc. once they meet that standard. That being said, Dr. Bakri, a very well known economist in Iraq stated to me that currency reform would occur before the CBI would ever meet Article VIII. So Article VIII is not something we necessarily need. Hopefully we will see the dinar appreciate long before the CBI moves to Article VIII. [post 1 of 2....stay tuned]
6-21-2015 Newshound Guru Millionday [What about the amnesty law? has that gone through?] THE AMNESTY LAW IS IN PARLIAMENT. [PARL NOT DUE BACK TILL JULY 1? ANY TALK ABOUT SPECIAL SESSIONS?] THEY HAVE BEEN GIVEN 30 DAYS OF SPECIAL SESSIONS BUT NOT SURE WHEN THAT ENDS. [Didn't the investment law have two or three readings already...?] YES IT HAS AND IN FACT IT HAS BEEN REPORTED IN SOME REPORTS TO BE DONE. [Any more updates on HCL?] THEY ARE USING THE OIL AGREEMENT WITH IRAQI FEDERAL AND ERBIL --- THROUGH MOSTLY WHAT WAS ACQUIRED FROM 2011 ISSUE -- AND WORKING ON ANY CHANGES IN FUTURE LAW ...THIS IS NOT UNUSUAL FOR NATIONS TO BE CHANGING AND REFORMING LAWS. [post 2 of 2]
6-21-2015 Newshound Guru Millionday "Published (range Press) draft law of the National Guard in Iraq and amendments made to it by the political blocs, the following is the text of the draft. Based on what passed the House of Representatives and approved by the President of the Republic and based on the provisions of the first item of Article 61 and Item III of Article 73 of the Constitution. Issued the following law National Guard Law." THIS IS SAYING THAT THE NATIONAL GUARD IS TO RECEIVE THE RIGHTS AND PRILEGES LISTED IN THE LAW BY BEING IN THE SERVICE AS WITH ALL SERVICE BRANCHES... [National Guard law passed?] YES AND AMENDMENTS. [What does this law have to do with the Dinars?] THE NATIONAL GUARD IS USED FOR MUCH OF THE SECURITY ON BORDERS AND MANY OTHER AREAS -- IT IS A HUGE LAW FOR THE SECURITY OF IRAQ AND THE CONFIDENCE OF INVESTORS AND CITIZENS ETC. [post 1 of 2....stay tuned]
6-21-2015 Newshound Guru wmawhite For sure...there is a lot happening and Iraq is involved in many discussions with many countries. The CBI will proceed in a manner to carry out the policies of the GOI. This (what we want) is NOT single faceted. It is very involved and is tied to the outside world currency markets. ...what we see and read about, on the streets, market rate, is not the yet to be announced international value of the IQD. Instead, the GOI is preparing the citizen for what they will carry in their pockets. What we want is not spoken about openly. Let me give you an example...the CBI informs all banks in Iraq to start paying foreign bills (remittances) in IQD instead of USD. And that the exchange rate/value will be XXX IQD for every 1 such and such. What is this? This was an example of a change in value of the IQD...how can and why would Iraq want to cut any country out? Instead, they will want all of the world to participate. We are blessed to be sitting on this...it still applies...it has never been about if...instead, we wait on when.
6-21-2015 Newshound Guru Kaperoni [Just curious as to your thoughts on all these American companies being awarded multi million dollar contracts in Iraq for various products and services.] With Iraq having no free market economy, nobody is going into Iraq until the laws and banking system are in place to support it. If your talking about oil contracts, yes companies are working in Iraq and paid in US dollars. Iraq though as of late has had issues paying these companies and some are accepting oil now as payment. 6-20-2015 *** Dinar Guru Update *** With all the hoopla surrounding the dinar these past few weeks...it's a good idea to get back to basics. If you're new or even if you've been around a while, head over to the Start Here tab at the top of this page and take the refresher...the dinar myths inside Dinar Guru Exposed is a great place to start...the latest guru post will continue below.
6-20-2015 Newshound Guru Enorrste In my view they should return to the auctions with no limits, for the time being. This will increase confidence in the dinar as the CBI becomes more "transparent" rather than "hamstrung." They should also issue the larger notes sooner rather than later. This will allow a reduction in the money supply which will have a positive affect on the value of the dinar. It will also offer a counterpart to the American $50 and $100 which seems to be a problem for the locals (according to Saleh and others). Finally, as the value begins to come back, they should change the exchange rate regime while it is moving upward. This will encourage more trade in the dinar and a faster rise in its value. [post 2 of 2]
6-20-2015 Newshound Guru Enorrste Article: "Central Bank current problems as a result of the loss of independence" I am encouraged that Shabibi stepped into the argument, finally. We now have Shabibi, Saleh, and Abadi on one side and, presumably, the CBI and possibly Maliki backing the play, on the other side. The real question here isn't what Shabibi has said: that is all old news to us. What is the question is whether his entry into the discussion will move the ball forward. Even though he is out, he still carries a very big stick. He also has the backing of the IMF, totally. Therefore, it would not surprise me if some new "policy decisions" came out from the CBI shortly (of course the advent of Ramadan may make "shortly" last over 30 days!). It is clear to me that what Shabibi has stated is absolutely accurate: the meddling of the GOI and Parliament into CBI monetary policy has caused the problem that exists today with the wide spread. Whether Allaq has the knowledge or courage to take the proper corrective measures remains to be seen. [post 1 of 2....stay tuned]
6-20-2015 Newshound Guru Aggiedad77 We have PM Abadi speaking this week, we have Dr. Shabibi practically crowing this week, now we have Dr. Saleh wrapping up the week with his ideas on more good news.....rest easy.
6-20-2015 Intel Guru Frank26 They are working the MR in this method: Credit Rating to LDs for next month ... Many are excited and FUELED for they are pegged to the IQD... As this leads to Article 8 compliances.
6-20-2015 Newshound Guru Millionday NOTE --- ABADI IS HOLDING A HUGE PRESS CONFERENCE IN THE MORNING [SATURDAY] ABOUT IRAQ ECONOMY.
6-20-22015 Newshound Guru sczin11 AMNESTY LAW IS BEING PUSHED HARD FOR APPROVAL, EVEN BEFORE PARLIAMENT RESUMES ON JULY 1... EVEN REPORTS TODAY, STATING IT WILL BE APPROVED BEFORE EID, END OF RAMADAN...THEN WE HAVE PUBLISHED THE AMENDED NATIONAL GUARD LAW....HMMMM...WHY? WE DONT USUALLY SEE THE LAWS IN PRINT, BEFORE THEY GO TO THE HOUSE FOR READING AND VOTES...A MEETING WITH IRAN, DURING ALL THESE HAPPENINGS? And... INK THAT STATES ALL THE RHETORIC ON THE ISSUING OF THE LARGE DENOMS, 50 AND 100 K NOTES, WAS JUST THAT, THEY HAVENT BEEN EVEN DESIGNED YET...AND TODAY, THE NEW STATEMENT BY KEYWORDS, IS THEY WILL COME OUT BY END OF YEAR, AND 100K PROBABLY WILL NOT COME OUT...BY THE END OF THE YEAR HE STATES...IS THAT BECAUSE IT GIVES ENOUGH TIME FOR HIM TO BE REMOVED, AND THE NEW GOVERNOR INSTALLED...AND HENCE NO ISSUANCE OF THEM, THE LARGE NOTES, AT ALL...AND, DO NOT MAKE LIGHT IF THE APPEARANCE THIS WEEK, OF DR. SINAN AL SHABIBI, WITH THAT LONG, DETAILED, REPORT...THERE ARE REASONS AND PLANS..... WHAT DO YOU THINK? [post 3 of 3]
6-20-2015 Newshound Guru sczin11 IMHO, THE PREVIOUS STATEMENT JUST ABOVE, INDICATES A REDUCTION IN THE VALUE OF THE IRAQI DINAR IN CIRCULATION BY ABOUT 40%, SINCE BEGINNING OF THE YEAR WHEN RESERVES WERE STATED AT $80 BILLION...KEYWORDS CONTINUES TO STATE THAT THE THE PRICE OF GOODS TO THE CITIZENS WILL DRASTICALLY BE REDUCED IN A FEW DAYS (indicates increased purchasing power for the importers) AND IN SAME SPEECH, STATES OIL PRODUCTION HAS INCREASED...THIS IS MORE NEWS IN ONE RELEASE BY THE ACTING GOVERNOR OF THE CBI, THEN WE HAVE SEEN IN TOTALITY OVER THE LAST 10 MONTHS...THE MEDIA COVERAGE OF THIS PRESS CONFERENCE WAS HUMONGOUS... THERE ARE MANY MANY VERSIONS, SOURCES, AND OPINIONS...REMEMBER FOLKS, NEWS IS PAST TENSE IN MOST CASES...IT IS INFORMATION ON WHAT HAS ALREADY OCCURRED... [post 2 of 3....stay tuned]
6-20-2015 Newshound Guru sczin11 WHAT IS GOING ON? CBI GOVERNOR IS ALL OVER THE PLACE! KEYWORDS THIS, KEYWORDS THAT..CAN YOU SAY..THE STUFF IS ABOUT TO HIT THE FAN? BIG RELEASES FROM THE GOVERNOR OF THE CBI TODAY, SATURDAY...THE FIRST SATURDAY BANKING DAY IN IRAQ, AND THE DAY BEFORE THE EMERGENCY FINANCE COMMITTEE MEETING...AND TWO DAYS AFTER THE COM CRISIS CELL MEETING...HE ADMITS BEING UNDER PRESSURE...HE STATES INFLATION IS NEGLIGIBLE...HE CONFIRMS REMOVING THE 8% TAX ON CURRENCY EXCHANGE EFFECTIVE TOMORROW, SUNDAY, JUNE 21, 2015...( when in fact, earlier in the week, it was announced July 1)...HE STATES MONETARY PLAN MODEL NEEDED FOR currency IN THE COUNTRY...HE CONFIRMS $68 BILLION IN BANK RESERVES...HE CLEARLY STATES THE RESERVES CAN COVER THE DINAR EXCHANGE RATE CONVERSION, BY 2 TO 1... [post 1 of 3....stay tuned]
6-20-2015 Newshound/Intel Guru BGG [We think that the solution to all their problems is the same solution to all our problems (i.e., increase in currency value)...obviously not the case. The politicians and bureaucrats seem to be comfortable in maintaining a status quo there that to us is haphazard at best. Who benefits...maintaining the status quo regardless of how meat headed it all is?] the main benefactors of "status quo" are...Iran...Maliki... Alak... various political entities who benefit in the current woeful situation. who stands to gain from changing the "status quo"? everyone else. (this includes you, me...and everyone in Iraq)...and since MR [Monetary Reform] in Iraq will obviously have some impact on their neighbors...ask yourself why they are meeting with Iran, Turkey, the Saudis, Kuwait... in Jordan ( who BTW have offered SF troops)...ask yourself why all these "meetings" while they obviously have other very important priorities in their western provinces?
6-20-2015 Newshound Guru My Ladies I AM NOT SAYING I KNOW WHEN THIS WILL HAPPEN BUT I INVESTED IN THE DINAR AFTER CAREFULLY LOOKING AT IT AND REALIZING THAT WHAT GOES DOWN WILL EVENTUALLY CLIMB BACK UP. IF WE LOOK AT ALL THE BASEL REQUIREMENTS AND THE MASSIVE CHANGES TAKING PLACE IN THE MIDDLE EAST AND EUROPE TODAY RIGHT NOW AND WE CAN SEE OUR INVESTMENT IS SOUND. EMERGING MARKETS ARE TAKING THEIR PLACE AND IRAQ IS NO DIFFERENT, THEY HAVE A WAY TO GO YET I THINK BUT THEY ARE FOLLOWING ALL REQUIREMENTS SET FORTH BY THE IMF AND OTHERS. HOW WILL ALL MARKETS CORRECT AND EMERGE AND IRAQ REMAIN IN NEUTRAL? I DON’T THINK IT CAN. JUST LIKE ANY THING ONE MIGHT BE INVESTED IN, STICK WITH IT, THIS WAS NEVER INTENDED TO BE A GET RICH QUICK SCHEME. WE HOLD ACTUALLY CURRENCY IN OUR HANDS AND HAVE EVERY REASON TO EXPECT IT WILL RETURN TO ITS VALUE ONE DAY. 6-19-2015 Intel/Newshound Guru tman23 Iran is looking to extend everything as long as possible because their sanctions wont ease until January...Then they are meddling in Kurdistan trying to delay the elections with a move to permenant replace Barzani as president... The KDP and Barzani have a clock ticking... they cannot afford to waste more time on Baghdad BS... otherwise their position will be compromised... End of the road ...JUNE! Abadi has to put up or shut up!
6-19-2015 Newshound Guru Breitling Here's the thing people don't understand…they don't need perfection for it to gain value. With all the drama going on it could be 30, 40 50 60 70 cents who cares? It's not going to be the $3 rate. It's not going to be a buck fifty or anything like that but that's what people don't realize. Don't get confused with all the drama that it's going to stay at a tenth of a penny, it shouldn't be at a tenth of a penny anyway. the reason it's at a tenth of a penny is because we are allowing them to "cheat" so they can rebuild their infrastructure just like Japan…just like Germany…go back through the history again. so there is a very good reason and not only that but we are also watching their infrastructure being built. Where these entities are throwing money into Iraq…they are establishing. What is the representation of that? the ISX…so you'll see the index build up and those are the indicators. There is a lot more coming down the road that I'm watching and very very excited about. There is going to be a lot of moves made coming out of Iraq regardless of what happens with the drama.
6-19-2015 Intel/Newshound Guru tman23 I have said end of June is the end of the road... There is no more road left for the Baghdad procrastinators to kick the can down...And as PROOF...we now see the Kurd delegation heading to Baghdad next week...This is not a negotiation that is going to take place... The Kurds will tell Abadi, not Abadi telling the Kurds! This is the "breaking point". All I can say is... This IQD revaluation is complete speculation...That is why we are all here! The HEAT is on and the opportunity for us speculators doesn't get any better than the position we sit in right now... The GOI must make a move...how that plays out for us remains to be seen... I am not negative to any of what is happening...Quite Frankly...IT IS WHAT WE HAVE BEEN WAITING FOR...THE GRAND FINALEE!
6-19-2015 Newshound Guru Kaperoni He didn't...in fact he stopped at a number (1000:1) that I think was predetermined as part of the plan to lure investors at a fair risk/reward price. I believe that was for a reason..one of which was to leave enough room to develop the oil sector (the first appreciation) and the market economy is next step using the dinar to absorb the inflationary pressure created by the influx of investors and investment. So I know it gets frustrating, but once the stage is set, I am a strong believer the appreciation of the dinar will be part of that phase. [post 2 of 2]
6-19-2015 Newshound Guru Kaperoni [Make a person wonder why they are so set against raising the value of the dinar.] I do not see Iraq against raising the value...its more about setting the stage or creating the right environment so the dinar will succeed. If you believe the plan, and the IMF documentation, they must pass the laws, rid the country of violence or and ISIS so investors want to come to Iraq. If they do not, the launching of the currency will fail. If you think about it, if Shabibi wanted to, he could have continued to appreciate the dinar all the way up to 1 to $1 or greater back when he started in 2003-2004 with the new dinar. [post 1 of 2....stay tuned]
6-19-2015 Newshound Guru OOTW THIS IS A GREAT SIGN THAT WE MAY ACTUALLY SEE THE TARIFFS IMPLEMENTED IN AUGUST. HOW CAN THEY DO THIS IF THEY DON'T GIVE THE PEOPLE BUYING POWER? Article Quote: "the high price of the dollar against the local currency has many reasons, including to pressure the government on the other hand, the citizens until there is a negative impact against the government." THIS STATEMENT IS SAYING THAT THE CITIZENS ARE BEING HARSHLY IMPACTED VIA THE CURRENCY REGULATIONS...WE'RE SEEING CONFIRMATION...FROM THE MINISTRY OF TRADE THAT THEY'RE GOING TO INSTALL THE TARIFFS IN AUGUST. PEOPLE CANNOT AFFORD THIS, AS WE KNOW, MOST IRAQI'S LIVE BELOW THE POVERTY LINE, AND IF THE GOVT IS GOING TO BE ABLE TO GO THROUGH WITH IMPLEMENTING TARIFFS, THEY HAVE TO GET THIS UNDER CONTROL SO EVERY DAY IRAQIS CAN AFFORD TO PAY THEM.
6-19-2015 Intel/Newshound Guru tman23 Abadi is in a tough place...and he has to make a decision! Is he for Shia interests first or for the people of Iraq as a whole. The Kurds are willing to be the co-partners and help him work through the process... The next 7 days are vital! I expect to see either reconciliation that includes some rolling heads... or separation... I do not expect to see the status quo remain the same... Ramadan is meaningless right now...Iraq is at the breaking point and they are running out of road to kick the can down. [post 3 of 3]
6-19-2015 Intel/Newshound Guru tman23 [why would Abadi ask for sanctions to be lifted for Iran? well IMO I think he is still a great leader/Prime Minister! but not sure what in the world he is doing?] I could speculate on a number of reasons... But IMO...it is directly related to the lifting of the 3 zeros... Iran wants to trade with Iraq but lifting the 3 zeros means there would be no parity between currencies... Iran would have to live up to the nuclear agreement and any breach would keep sanctions in place causing more internal problems with the Iranian regime... And we see Iran attempting to stall things until January...6 months until their sanction ease... Note that members of the PUK would like to hold the elections 6 months from now and not August 20th... This gets into detail...but the pattern is present! [post 2 of 3....stay tuned]
6-19-2015 Intel/Newshound Guru tman23 4 moves by Abadi that cause reason for concern. 1) He made a televised address stating he paid the Kurds in full for their oil and does not know why they have not paid their peoples salaries... 2) At the Paris security summit he asked for Iran sanctions to be lifted, which was completely inappropriate! 3) He went and visited Russia to seek military weapons 4) He just went to Tehran and met with Rhouaini for future trade deals... Must admit that all 4 of these moves are questionable...and quite frankly they are moves that are favorable to Iran more than the G19 countries... [post 1 of 3....stay tuned]
6-19-2015 Newshound/Intel Guru BGG I am unsure of Abadi's charter coming back from Iran - personally, I hope not much was agreed to and he put them on their heels...anyone understanding the dynamic knows Iran is no fan of currency reform in Iraq.
6-19-2015 Newshound Guru OOTW THE PARLIAMENT CAME OUT WITH AN OFFICIAL PRESS RELEASE ON SUNDAY'S HOSTING OF THE GOVERNOR OF THE CBI, ALI ALAQ MOHSEN OR "KEYWORDS"! ALSO, ABADI HAS FORMED A "CRISIS CELL" MEETING TO REMOVE THE CUSTOMS FEES, KEYWORDS PUT IN PLACE - THIS IS A BOLD MOVE BY THE GOVERNMENT - AND DIRECTLY CONNECTS WITH SUNDAY'S "HOSTING" OF KEYWORDS.
6-19-2015 Intel/Newshound Guru tman23 We suspected that after the special meeting on the investment law Monday May 25th that we would see the "new currency" 50k note presented, at the very least a photo! We did not get that...in fact it seems like the subject is fading...But we did get Shabibi speaking out...We don't know how it is being played out but...events are coming close to speculated timelines! 6-18-2015 Newshound Guru Stryker It is my belief that we are down to the CBI reducing the market rate as close as they can to the de facto rate of 1166, and boy was today a big step in getting there. If you haven't seen my update on my MARKET RATE CHART be my guest, it has dropped 41 dinars to the dollar just since yesterday and with a lower auction amount today then yesterday's auction. I also have confidence that the CBI will get their full independence back and if all goes well, the tariffs will be implemented the first of August. Yes there are some real concerns both with all the corruption, security issue, the low liquidity issues and the low market value of the dinar but all signs show that they are making great steps in those directions. Can they get to where they need to be to see the delete zero project completed, introduce new categories of currency and at the same time increase the purchasing power for the Iraqi citizens, all within this year? I sure believe they can and why I am spending so much time understanding all the possibilities that can drive them there, or see the ones that could prevent them from getting there.
6-18-2015 Newshound Guru SCZIN11 ...AND THEY ARE CALLING ON THE ACTING GOVERNOR OF THE CBI TO FACE THESE EDICTS, ON SUNDAY AT THE EXTRA ORDINARY EMERGENCY FINANCE COMMITTEE MEETING...WITH PARLIAMENT COMING BACK JULY 1, AMNESTY LAWS BEING PRESENTED IMMEDIATELY, AND ALSO WITHIN FIRST WEEK, THE REPORT FROM INTEGRITY COMMITTEE ON THE FALL OF MOSUL....FOLKS WE ARE MOST DEFINITELY ON THE VERGE OF SOMETHING MAJOR HAPPENING.....ALL ON THE HEELS OF RAMADAN....STAY TUNED! [Post 2 of 2]
6-18-2015 Newshound Guru SCZIN11 FOLKS, PM ABADI AND THE COM, ACTED TODAY, AS THEY PROMISED ON TUESDAY THEY WOULD...THEY MET, THEY DISCUSSED THE DINAR EXCHANGE RATE CRAZINESS THAT HAS BEEN OF SUCH MEDIA ATTENTION OVER THE LAST WEEK…THEY HAVE COME TO THE CONCLUSION, IT IS TIME TO GET THE IRAQI PEOPLE TO BELIEVE IN THE THE NEW REGIME...THEY HAVE DECIDED TO SHOW THE WORLD IRAQ IS HERE, AND NOT GOING ANYWHERE....THEY HAVE DECIDED IT IS THE TIME TO MAKE THE CBI DO WHAT THEY HAVE STATED THEY WANTED TO DO, BUT HAVEN'T BEEN ABLE TO ACCOMPLISH…BY ELIMINATING THE 8% TAX ON THE EXCHANGING OF DINAR FOR DOLLAR, THEY WILL BE ABLE TO STABILIZE THE EXCHANGE RATE FOR THE PEOPLE OF THEIR GREAT NATION... [Post 1 of 2 stay tuned for the rest of the story]
6-18-2015 Newshound Guru Aggiedad77 Article: "Parliament rapporteur: draft amnesty law will reach Parliament next week" The Amnesty Law has been approved by the COM and is being written up in the proper format for submittal to Parliament...should get to them some time next week.
6-18-2015 Intel/Newshound Guru tman23 It's all quite simple... The Kurds have antied up, the Kurds have laid their cards on the table, IT IS NOW TIME FOR ABADI GOVERNMENT TO SHOW THEIR HAND, IT IS PUT UP OR SHUT UP! AND MONEY TALKS, BS WALKS! As I have said for the past 6 weeks or so...JUNE IS THE END OF THE ROAD!
6-18-2015 Newshound Guru Aggiedad77 Article: "Sistani's office: Friday first day of Ramadan .. and Haeri: Thursday surprise holy month" So it is official now that the word has come down from the cleric Sistani's office...Friday is the first day of Ramadan for Iraq and neighboring areas...I want to caution that this is a religious holiday time, but it does not shut the government completely down.
6-18-2015 Newshound Guru tlm724 Article: "Central Bank eliminates the Sabbath banks to meet the requests of foreign currency" Quote: "in a press release that he "considered Saturdays decided to normal working days to meet the requests of banks and foreign currency with effect from 06.20.2015." so Saturday's will be a working day! another step in their attempt to correct the mess they are in!
6-18-2015 Intel Guru Frank26 Since the 14th DRS [Dr. Shabibi] is talking with his heart not mouth. He has orchestrated the MR [Monetary Reform] like The True Governor of The CBI that He is! DRS is the E F Hutton of our investment ...THE SQUIRREL with the MR PLAN acorn.
6-18-2015 Newshound Guru Aggiedad77 I'm thinking that Dr. S [Shabibi] may just hold the "Last Cookie" Good to the last crumb he says. CONTROL is a powerful thing...in the right hands it is POWERFUL. Dr. S understands both the control and the power. May his actions soon be a blessing to the world. Speaking of patterns...who said that...It would appear to me that PM Abadi and Dr. S are doing things in an orchestrated manner the last few days...their travels...their speeches...the messages they are putting forth...all seem to be preparing everyone for more to come...They work with precision, yet they know not to lay all the cards on the table as yet. There is still some riffraff to be taken care of and from their words they know exactly what needs to be done and how it will be performed. Each day is becoming more and more of a delight to see what they will reveal next. Life is good...but getting gooder Remember the BEST is yet to come. 6-17-2015 Intel Guru Frank26 [Is Parliament working?] yes...this is going into their 3rd year. Despite the heat and Ramadan...they are moving forward. That’s impressive!
6-17-2015 Newshound Guru Adam Montana I still think the HCL is really the main thing we're looking for. Unfortunately, I think they missed a big opportunity to get it done a month ago, and their lack of followthrough on a good opportunity will set this back another month now.
6-17-2015 Intel Guru SteveI [do you still think it will RV at $3 Plus?] I do and not sure how a 1 to 1 ratio will really help them as their currency would be stronger, but sill very low or weak regarding the value in the region.
6-17-2015 Intel Guru Delta Great news! We just got confirmation...the Iraqi bonds are no longer in the pipeline anymore. Remember when I point that article out about a month ago. They are no longer in the pipeline anymore. That means they are about to be issued. We are very, very close!
6-17-2015 Newshound Guru Kaperoni Article: "Dr. Haider al-Abadi, Save the monetary sector, it is the last remaining of the sustainability of the Iraqi economy!" Abadi is as frustrated as we are..and his statement implies Allaq is intentionally destroying the economy. Makes you wondering if Maliki is behind it. I only see two possible corrective actions... 1. a long gradual correction of the market rate by reducing the spread liberalizing the sale of dollars through the auctions. This will now take months to correct since the spread is almost 20%. Or 2. get off the peg and correct it with a float. I think back to the IMF doc..."from fixed to float" ..we may be seeing preparations for a disorderly exit.
6-17-2015 Newshound Guru Adam Montana Here's what's going on: Today starts Ramadan. With the lack of major news in the last month, I don't see an RV until after July 17, when Ramadan is over. Unless we get an announcement today, I'm thinking it's not going to happen during the holiday.
6-17-2015 Intel Guru SteveI [I love the Fact the people are getting seriously involved and pushing for their currency to be worth something, let the people speak and without fear!] The citizens have been promised for years this was going to happen (increase in value that is close to the USD), so they best get the job done before it goes from peaceful to not so peaceful demonstrations!
6-17-2015 Intel Guru Frank26 Security may now be a foregone conclusion. Security may be a different need within the cities, but internally with S [Shabibi] and his teams, they need security. IMO the troops are in the thousands and thousands and the weapons are superior – security is there! Now a different type of security is evolving within their CBI and banks...all they need to lift the 000’s to be in position it all needs activation. Everybody knows the true value of the Iraqi dinar right now. Example...why would anybody risk to steal 800 million dinars...
6-17-2015 Newshound Guru Millionday Article quote: "...the text of the amnesty law, which was voted on Tuesday in the Council of Ministers and submitted it to parliament." THE AMNESTY HAS MADE IT THROUGH COM AND IS IN PARLIAMENT...THE LAW IS LONG SO WE WILL WAIT FOR FINISHED LAW – KURDS WERE ASKING FOR THAT A LONG TIME AGO.
6-17-2015 Newshound Guru sczin11 MULTIPLE VERSIONS OF THE REASONS FOR THE DECLINE IN THE VALUE OF THE IRAQI DINAR, ALL OVER THE MEDIA...JUST KNOW, THIS IS THE RHETORIC OF THE WEEK...MAKE THE WORLD KNOW, THERE IS LIQUIDITY PROBLEMS IN IRAQ...THERE IS FIGHTING BETWEEN GOI AND CBI...THERE ARE MAJOR ACCUSATIONS AND THEORIES AS TO WHAT CAUSED THE DECREASE IN THE VALUE OF THE DINAR AGAINST THE US DOLLAR...THERE IS FINGER POINTING, THERE ARE MORE MEETINGS BEING CALLED FOR TO DISCUSS THIS ISSUE...THE CABINET WILL MEET THURSDAY...THE FINANCE COMMITTEE WILL MEET SUNDAY...THE CBI WILL BE CALLED ON...MY OPINION, AS HISTORY HAS SHOWN...WITH ALL THIS TALK... SOMETHING IS BOUND TO OCCUR... SOMETHING IS GOING ON BEHIND THE SCENES!
6-17-2015 Intel Guru Delta [Do you believe that the amnesty law has been passed?] I do believe we are watching that and the investment law (IMO). We may see some type of emergency meeting during Ramadan. Without the investment law...Article 8 isn’t going to make any sense at all. IMO...no more laws are needed because if they went to Turkey and talked to them about bonds for 2 days...what are the requirements for them to sell bonds? An international rate!
6-17-2015 Newshound Guru Kaperoni ...technically...the dinar could remain weak, but the statements about increasing the value of the dinar are not just words but based on sound merit. Both the WTO accession committee and the IMF have encouraged the dinar to be valued higher. In fact, it was once stated by the accession committee that full accession would not come.."until the dinar is more on par with the dollar." So there is a real sense that the dinar is undervalued and needs to have a correction...getting off the peg and floating the dinar is the best solution to accomplish that.
6-16-2015 Inel Guru Delta Parliament said that the Iraqi dinar would be very close to a dollar. Abadi said that change is coming...that the wealth of the citizens will return like it was before the sanctions. Again this is NOT rumors...this is from the CBI. Is something going to happen during Ramadan? Ramadan is basically fasting...During Ramadan (June 17th to July 17th)...life and work still goes on. Banks are open. It’s business as usual. ...when the CBI reprinted the new security features on the 25k and 10k notes...they distributed those last year during Ramadan. So Ramadan is not a holiday. The CBI can change anytime they want. Anything could happen. Change is coming and it will be a good change! [post 2 of 2]
6-16-2015 Intel Guru Delta ...the dollar is dominating in Iraq again – breaking records in all of Iraq. The exchange rate is close to 1340. About 1,400 dinars to the dollar. The media is slamming the CBI big-time because of this. They know Ramadan is coming up...and the citizens are all talking about the high prices to buy things. They can fix their problems by changing the monetary policy. The citizens, the GOI...everybody knows a change is coming. The articles say that things must change sometime next month...and after they make that change...they no longer will use the USD. Iraq is one of the most wealthy nations on earth but yet they have no cash on hand....they don’t have the liquidity and only ONE THING CAN SOLVE THAT! The CBI must change the monetary and currency reform and basically give their currency more value so that way they have more liquidity. [post 1 of 2....stay tuned]
6-16-2015 Newshound Guru Kaperoni I don't know if it would ever happen, but the only person that could instill immediate confidence in the banking system and return the dinar to a manageable rate is Shabibi. But Maliki would have to go first before he would ever consider coming back. Not to mention at his age, he may not want too.
6-16-2015 Intel Guru Frank26 [via FrostyTheSnowman] What is going on with the Qi-Cards? The citizens seem angry...they don’t want to come into the banks … but they have another way to move things along. They put money on the Cards...to test them. They have millions of dinars on them … they just haven’t released them to the citizens yet. Only Dr. Shabibi knows what’s going on. Dr. Shabibi is the Governor of the CBI. He has the permission to release the rate – no one else! Many things are ready to be activated. The amnesty law is key...The amnesty law will protect the citizens and Dr. Shabibi. Everyone is ready and wanting Dr. Shabibi to use the green-light. Iraq is not planning on staying with the program rate of 1166! They are not giving up. They are not telling the IMF that they are not going to use the green-light! Dr. Shabibi continues his chess-movement...moving from check...to checkmate...(very soon...in my opinion). Nothing can stop this...Nothing cannot stop the monetary reform – not even our President.
6-16-2015 Newshound/Intel Guru BGG It is highly unlikely Dr Shabibi is “advising” the CBI...Highly unlikely. He may have some consulting capacity with the IMF or the GOI (at an arm’s length) – but think about it …Why would Alak bother to listen to anything Dr Shabibi has to say? Alak has close ties to both Maliki and Iran. [Aren't they on opposite teams so to speak?] Yes, and … Maliki tried to have Dr Shabibi thrown in jail...Maliki filed “trumped up” charges against Dr Shabibi...Maliki is a historically on the side of “weak Dinar policy” – mainly due to Iranian influence. So - if the inverse is true – we might assume Dr Shabibi is the opposite – or somehow differing in views… So I ask again – Why would Maliki – Alak – or Iran care what Dr Shabibi has to “advise”? They don’t...
6-15-2015 Intel/Newshound Guru tman23 The fact is that the GOI and CBI are in a battle...The only thing that helps Iraq is purchasing power... I will even go out on a limb to say...Europe now faces more austerity measures...Greece faces bankruptcy and dropping out of the Euro... Picture a dam with a large block missing in the middle...no matter what you do to try and maintain the water level it will remain a never ending cycle until the "hole in the dam is blocked"... Austerity measures usually include more taxes...Iraq austerity has already cut payments 50% - 80% and are still running a 30% deficit... Taxes hardly fill that gap...and since oil revenue was a base for infrastructure development the unstable production and prices squash the revenue being directed towards development. The IQD revalued is the block in the dam. The IQD revalued is GOI purchasing power and answer to the deficit.
6-16-2015 Newshound Guru Kaperoni Article: "The central bank to take new action to stop the decline of the dinar" Quotes: "decided to consider Saturdays of each week normal working days," noting that "this action will be effective in the day on Saturday the 20th of June the current." & "decided to reduce the deposit period for feeding the external accounts of banks amounts." The bank added that the "reduce the deposit will be from ten days to five days, and as of next July." Well so now we know what the new measures are...they are going to sell on Saturdays and they are going to increase the amount of dollars. It continues to amaze me that for years the IMF tells them the same thing all the time, yet this is about the 5th time over the last 8 years they do the opposite..as if they think they know better and the result is always the same...the market rate slides. There is really no excuse for such poor management of the currency which all started with Maliki interfering.
6-16-2015 Intel Guru Frank26 ...our studies of 30-40 cents is not going to work based on what Shabibi is doing all over the place. And, if the rate came out to $3+, the rate would be detrimental to the reform, IMO...the banking structure not only in Iraq but worldwide, wouldn’t be able to sustain a $3-4 thrust...based on what we’ve been studying for the last few weeks and...one reason is they need to educate the citizens. We believe this will bring it to a 1 (Iqd) to 1.16 (usd) because the exchange rate 1166...the engineering of the mathematics have been pounded with the monetary reform very well. As much as there was confusion with this rate, that rate, whatever…we come to you with a strong opinion that this roughly 98 cents to $1.16 is somewhere in that range in their calculations.
6-16-2015 Newshound Guru sczin11 AND MANY COMMITTEES FROM PARLIAMENT REPORTING ON CURRENT MEETINGS...YET THEY ARE IN RECESS, AREN'T THEY? AND ALL THE DIVERSION WITH THE DECREASE IN THE VALUE OF THE DINAR, WITH FINGER POINTING AND ACCUSATIONS AGAINST THE CBI...AND, ALL THE REVELATIONS FROM THE INTEGRITY AND JUDICIAL COMMISSIONS, ESPECIALLY BUT NOT LIMITED TO THE FALL OF MOSUL...AND AT THE SAME TIME, MORE DIVERSION, REPORTS OF MALIKI RUNNING AGAIN, AND HAMPERING THE ABADI PLAN...WHICH HAS BEEN REPORTED SINCE THE DAY ABADI WAS RATIFIED AS PM...THE ABADI PLAN BEING IMPLEMENTED...RIGHT BEFORE OUR EYES! [post 3 of 3]
6-16-2015 Newshound Guru sczin11 HAVEN'T THEY BEEN SAYING THE CITIZENS ARE NOT USING THE BANKS...THEY NEED TO GET THE PRIVATE SECTOR IN...THEY NEED TO PROVIDE MORE CONFIDENCE...JUST THINK ABOUT THE ABOVE HUGE HUGE REFORM...NO ADVANCE WARNING, AND IMMEDIATE CHANGE...WOW! OBVIOUSLY THIS WAS PLANNED...AND OUT OF NOWHERE, YESTERDAY, DR. SINAN AL SHABIBI, APPEARS...AND UPPER MANAGEMENT REPRESENTATIVE OF THE PRIVATE BANKS STARTS WORKING AT THE CBI...ALL COMING OUT ON THE EVE OF RAMADAN? [post 2 of 3....stay tuned]
6-16-2015 Newshound Guru sczin11 Article: "Central Bank eliminates the Sabbath banks to meet the requests of foreign currency" Quote: "Iraqi Central Bank announced on Tuesday, the abolition of the Sabbath to meet the requests of banks foreign currency, noting that he had decided to reduce the filing period for amounts for feeding the external accounts of banks from 10 to 5 days. The central bank said in a press statement received by "tomorrow Press," that he "considered Saturdays decided to normal working days to meet the requests of banks and foreign currency with effect from 06.20.2015." "We also decided to reduce the filing period for amounts for feeding the external accounts of banks from 10 days to five days, and from the first of next July." HUGE CHANGES STARTING THIS WEEK...THIS IS HUGE NEWS...THE CBI WILL BE OPEN ON SATURDAYS NOW....THEIR SABBATH...TO MEET THE NEEDS OF INTERNATIONAL BANKING... AND THEY WILL RELEASE FUNDS DEPOSITED, TO SEND INTERNATIONALLY, AFTER ONLY 5 DAYS, INSTEAD OF 10... [post 1 of 3....stay tuned]
6-16-2015 Newshound/Intel Guru BGG 3) Who replaced Turki and "appointed" Ali al-Alak as "acting proxy" Gov of the CBI mere days before his own ouster as former Prime Minister? Hint - Alak would have been seen as a very "friendly face" in the CBI (a critical office on influence) for Maliki - he was the Sec Gen for Maliki's Council of Ministers (AKA - his right hand man) for 7 or 8 years of his previous regime...Getting the picture? Every time the GOI (the government of Iraq) appears to get things...going - for instance - getting close to implementing Customs and Tariffs (these Laws are already passed), right near the "go date" someone, somewhere seems to stall things...These latest rumblings against Maliki and Alak are VERY HEARTENING!! [post 2 of 2]
6-16-2015 Newshound/Intel Guru BGG Article quote: "Parliamentary Finance demanding exemption Keywords and appoint a person to manage efficiently the central bank" If you are wondering who it is who has been holding things up... 1) Who swept in on a weekend scooping up most of the CBI middle management and filing charges against Dr. Shabibi? Hint - the guy famous for "political arrests". 2) Who threatened Turki while he was the first "proxy" Gov of the CBI (who, in fact, appointed him)? Hint - the guy famous for "proxy" appointments. [post 1 of 2....stay tuned]
6-16-2015 Newshound Guru Kaperoni From CBI - "The /all banks (convert dollar amounts)" The message is only one sentence and here it is..."This is to all banks: The instructions regarding drawing of dollars will end on 5/25/15, pending further instructions." I wonder if this is a typo, meaning 6/25/2015. 6-15-2015 Intel Guru Mnt Goat It is confirmed that Ali Aler is still the Central Bank governor not Sinan al-Shibibi. Also an article that came out this week by Sinan al-Shibibi himself and in it he is talking about the independence of the Central Bank and how actions of the Finance ministry and Parliament is interfering with its ability to curve inflation and restore economic growth in Iraq. It is an excellent article and it tells us that Shabibi is advising behind the scenes, but this is his ONLY role. So for now he is still not back in office officially. But as I have said many times we will not see an RV until he is reinstated officially and is once again the “official” governor of the Central Bank of Iraq.
6-15-2015 Newshound Guru sczin11 HAS ANYONE BOTHERED TO ASK, WHY AFTER ALMOST 6 MONTHS, DECEMBER 22, 2014, WHEN DR. SINAN AL SHABIBI WAS ACQUITTED OF ALL CHARGES, HAS HE CHOSEN TO SPEAK OUT NOW? NOT JUST A QUOTE, BUT A NOVEL, ANALYZING THE ... WHERE IS IRAQ NOW, IN RELATIONSHIP TO WHERE HE WAS TO BRING THEM, SEVERAL YEARS AGO... DR. SHABIBI, SO IN TUNE WITH THE HAPPENINGS OF THE MONETARY PLAN/PROCESS, DOESNT MISS A BEAT...HE COVERS IT ALL...WHY? WHO ASKED HIM TO STEP UP/FORWARD? HOPEFULLY, MORE TO COME...
6-15-2015 Newshound Guru Aggiedad77 Dr. Shabibi is in my opinion making a very strong pitch as to why he needs to be back at the helm of the CBI...he knows...he understands...and he has the backbone to stand up to the government... When he says that Iraq is not a safe place to bring investments he is referring to the need to get laws passed that sit on the table today within the Parliament that will provide that security for investors and remove much red tape and strive to eliminate corruption from the investment process that was allowed to run rampant in years past. I see Dr. Shabibi and PM Abadi as saviors of the Iraqi economy...saviors of the Iraqi people...and kingpins in great things that can stem from Iraq that will help the whole global economic process. [post 3 of 3]
6-15-2015 Newshound Guru Aggiedad77 Dr. S is very with it in this regard and sees what has been done to the CBI as a stripping of their autonomy and forcing them to suddenly become subservient to the very government they should not have to answer to...he points to the seriousness of what the Finance Committee has implemented as a cause for a reduced effectiveness by the CBI in their monetary policies to fight inflation...something the CBI has managed beautifully for at least 10 years. Dr. S further points to the loss of autonomy by the CBI as a potential issue when it comes to such things as inflation and stability of the IQD...stating that the Finance Committee's actions will lead to a collapse of the real value of the IQD...What many are missing here is Dr. S pointing rather blatantly to the idea that the government wants what the CBI...their reserves....he reiterates what has been said several times this year that the CBI reserves exceeds the money on the street by fully 1.5 times...how many times have we heard that....a strong indicator for the CBI. [post 2 of 3....stay tuned]
6-15-2015 Newshound Guru Aggiedad77 Article quote: "Iraqi money market live in the present state of instability was the collapse of the market rate of the dinar, which amounted to 1340 dinars to the US dollar while the official price of about 1190 dinars to the dollar, although the size of the reserve is still great, which is considered a key factor in the stability of the currency." Dr. S is quick here to point to the differences of the official price of the IQD to the USD (1190) and the street market value (1340) and he says even with the discrepancy the CBI reserves remain strong indicating the true strength of the Iraqi currency... Quote: "...the central bank has lost its independence and became a bow to the decisions of the government and parliament..." He quickly points to the fact that problems exist due to the limitations attached to the CBI by the Finance Committee and Parliament which also hampers or hamstrings the CBI from defending itself because of the limitations applied by Article 50. [post 1 of 3....stay tuned]
6-15-2015 Intel Guru Mnt Goat Many are now saying that there will be an RV by the beginning of Ramadan (just 2 days from now). ...these statements since they based their assumptions mostly on a totally misinterpreted translation of a speech that Abadi gave to the citizens of Iraq wishing them prosperity and abundance during Ramadan, which begins on June 17th. As we know Ramadan is a time of fasting but it is also a time or rejoicing and celebrating. Many gifts are shared. So it would be very fitting for the prime minister of the country to wish his citizens good tidings during this holy season. Everything is not about the RV. I can guarantee it is not going to happen by Ramadan and there is a strong possibility it may not even happen during Ramadan unless the three presidents (or main leaders incuding Masoun, Abadi and Jubouri) can somehow reconcile the differences between the Kurdistan and the Baghdad government and they can get this security problem under control.
6-15-2015 Newshound Guru Breitling And guess what…I’ve been talking about it for 4 or 5 years this is how they can end up doing this and I was right. So what currency denomination can we sit on until it is 1 dollar and then what denominations can we sit on until the 3 dollars value? watch the numbers and you don’t need anyone else’s opinion. With all the drama that’s going on, has any of those numbers changed? no. We are in a phenomenal position. Do I know how long or what increments? No I don’t. that’s why we are speculating. But they reduced the note count and not only that but they were talking about how they were going to eliminate different denominations while they are adding value to their currency. And I’ll be damned if they are not doing that. I was the only one on the planet that I know of that called it. Is that a guarantee that it’s going to go…no. …If someone says that they feel the dinar is not going to go up in value? The CBI thinks otherwise. this is a business plan for a country for everyone to see. Who’s in charge of the value of the dinar? The CBI. [post 3 of 3]
6-15-2015 Newshound Guru Millionday "Emirate Economist: that on the central bank to work as a government exercise its functions within the state general framework said, but for this institution privacy in making independent decisions with regard to monetary policy, which must be consistent with the general economic policy of the state because the bank is one of the issues the currency and run by a government and its agent and financial adviser Bank..." THIS IS SAYING THAT EVEN THOUGH CBI IS INDEPENDENT -- THE GOVERNMENT AND CBI HAVE TO WORK TOGETHER THROUGH POLICIES -- MEANING THEY NEED TO COMPLIMENT EACH OTHER FOR THE GOAL AT HAND --TO REGULATE CREDIT AND THE COUNTRY`S BANKS ETC. SO -- THE ONLY THING THAT IS GOING TO MAINTAIN IRAQ IS THE POLICY AND THE MONETARY POLICY -- THE ECONOMIST IS STATING THAT EXCHANGE RATES AND IRAQ`S MONETARY POLICY HAS TO MOVE FORWARD AS IT HAS GLOBALLY IN THE PAST ---THEY ALL HAVE TO WORK TOGETHER.
6-15-2015 Newshound Guru Breitling …But here’s the deal, I told the guys let’s watch the note count if they start throwing a bunch in we are going to have to worry about what it is we did. Guess what they did? They started adding more and more notes. They went from 4 billion notes to 9 billion. But Shabbi kept saying once the economy reaches a certain point they were going to reduce the note count by 70% and they were going to add value to the currency and that’s what kept me in the dinar knowing they were adding more and more notes to the note count…that means they were diluting the value of their currency. When the report came out that they went from 9 billion to 6 billion notes that was a big deal to me. [The question was] How long can we sit on this currency. This was the first time I had heard that they were going to retire certain notes…that’s highly unusual… [post 2 of 3 stay tuned for the rest of the story]
6-15-2015 Newshound Guru Breitling I remember my business partner telling me about the Iraqi dinar. And asking what do you think? I said let me take a look…I need to look at how much currency they have out there and what are they doing. If they are adding MORE then we don’t want to touch it. And guess what they were doing? Adding More. But normally I wouldn’t touch it but I found a report talking about the IMF saying the dinar was listed at a tenth of a penny (just like it is now) but was actually worth 4 cents per dinar. And oh my god that was a big deal…we bought tons of dinar…just at the idea that it would come in at 4 cents... [Post 1 of 3 stay tuned for the rest of the story]
6-15-2015 Newshound Guru Millionday [how do you see investments & all the good economic news affecting the issue with ISIS?] THE IMPACT THAT ISIS HAS HAD ON IRAQ IS COUNTLESS --- WE CAN TALK GLOBAL EXPENSE OR WE CAN TALK THE HUMAN LOSS... SO MANY WORKED SO HARD AND GAVE SO MUCH TO MOVE IRAQ TO A POSITION OF TRADE AND WEALTH AS THE PRODUCTION OF OIL DESIGNS FOR THE COUNTRY --- THE IMPACT THEY HAVE HAD IS ONE THAT CAN NOT BE MEASURED -- WILL THEY MOVE FORWARD WITH THEIR POLICIES AND DEVELOP DESPITE THEM? YES.
6-15-2015 Intel/Newshound Guru tman23 Maliki will always be a concern because of the large crowd he has in different institutions... But Tehran calling for the Shia to improve relationships with the Kurds is a huge sign that Tehran has deep fear of a Kurd independence being a reality. This whole Iraq event is at a breaking point... 6-14-2015 **** Dinar Guru News Update **** As you know Sterling Currency was visited by federal and local officials just over a week ago. We have not heard a statement from them until today...here is a quote from Sterling's statement: "Given our long history of proactively working with federal authorities, Sterling Currency Group was completely surprised by the recent federal complaint and strongly denies any allegations of wrong doing...Despite the statements in the civil complaint, every single business related to the owners of Sterling Currency Group is legitimate and is compliant with all state and federal laws..." Their full statement was sent to the alert list earlier today...If you are not on the alert list you can get on it by clicking here...as always it's free and takes less than 5 seconds...stay tuned and connected as this wild story unfolds...
6-14-2015 Newshound Guru Millionday [in your opinion do you think the MR (monetary reform) could still happen before Ramadan?] THE REFORMS HAVE BEEN PROMISED IN MANY STATEMENTS RECENTLY -- THE TIMING NO ONE KNOWS -- I DO NOT KNOW WHEN AND KNOW THAT NO ONE DOES -- WE WATCH THE NEWS.
6-14-2015 Intel/Newshound Guru Backdoc THERE ARE TOO MANY THINGS THAT POINT US TO A NEAR TERM GREEN, GREEN, GREEN!
6-14-2015 Newshound Guru Breitling We know that the target rate from the CBI is a buck. From that point they are going to go to 3 plus. And how do we know? Cause the CBI made that statement…how long can you and I sit on the currency to be able to take advantage of this? We don’t know. That’s why we are always watching the notes and the numbers…to figure out how far we can go. that’s us watching our investment. The empirical data comes from the CBI, they are the ones that made the statement they want to get the dinar to a dollar (actually it’s a $1.17) then they want to get the dinar to 3 plus…nothing has changed. It doesn’t matter the drama…nothing has changed.
6-14-2015 Newshound Guru tlm724 they have the ability to move into a free market but the fight against terrorism and corruption is not easy to overcome. I am not making excuses for them I am just stating the obvious. Iraq is slow and we know it! it's like pulling teeth just to get them to do one major change but the desire is there from some very smart people and to overcome the obstacles is difficult, Abadi has an economic plan and he is trying to get it done! Maybe a change in leadership of the CBI will make a difference too.
6-14-2015 Newshound Guru wmawhite [Emir is the Ruler of Kuwait.] Kuwait is monarchy...a ruling family...the Top Dog with the globe's top currency. 1 KWD = $3.55. [I don't think any other country even comes close to Kuwait...Yet.] I believe you are correct. [Didn't Iraq surpass Kuwait in oil production a year or 2 ago? Second only to the Arabs.] It has surpassed Kuwait at least 2 years ago. Iraq is second only to Saudi Arabia.
6-14-2015 Newshound Guru Aggiedad77 I've been of the opinion that anything of a global type business sense within Iraq would move forward even during Ramadan...they don't shut everything down...the country continues to run and to me...that makes an RI/RV fair game ...maybe things are curtailed at certain times during the day, but commerce and business does continue...as does the government...
6-14-2015 Newshound Guru tlm724 The CBI has control over the monetary system period! They are autonomous, holding the power over the whole of Iraq's monetary policy! central bank recently issued new instructions stipulate that responsibility for the provision of securities and cash foreign for remittance of foreign currency, and this is contrary to the principle of the free movement of money and the implications on foreign investment. CBI is a bit off track! I recently said they have done things backwards! the CBI's lack of control is causing a huge ripple effect throughout the currency market! The cause is lack of control and oversight, the effect is a continuous descent of the value of the dinar. The fix is still to be determined...Wink.
6-14-2015 Newshound Guru sczin11 WE HAVE KURDS STATING NOT GETTING WHAT THEY DESERVE AS PER THE CONSTITUTION, YET WILL BE EXPECTED TO COLLECT CUSTOMS AND TARIFFS FOR BAGHDAD AND I WILL END WITH THIS...WE HAVE RELEASES SAYING THE 2016 BUDGET PLANNING PROCESS IS BEGINNING! HUH, REALLY... THEY JUST RELEASED A MONTH AGO HOW THEY FINALLY SOMEWHAT RECONCILED 2004-2013, AGAINST CONSTITUTION, AS FAR AS DELAYS...AND THEY WANT TO PLAN 2016, BEFORE 2015 IS COMPLETELY FUNDED BY THE CBI...WE RECENTLY LEARNED THE ACTING CBI GOVERNOR, MAY NOT BE ABLE TO DO WHAT WE ALL BELIEVE NEEDS TO HAPPEN...AND CHALIBI, APPEARS TO BE STIRRING THE POT AGAIN, WITH REGARDS TO ALI ALAAQ/MOSHIN ISMAIL... FOLKS, MUCH IS HAPPENING, AND IMHO, IT IS ALL COMING TO A CLOSE...RIGHT BEFORE OUR EYES! [post 2 of 2]
6-14-2015 Newshound Guru sczin11 RECENT DEVELOPMENTS: WE HAVE THE REQUEST BY IRAQ TO THE GOOD OLE USA, TO HELP THEM WITH FIGHTING AND COMBATTING , MONEY LAUNDERING. WE HAVE HAPPENINGS RIGHT HERE IN THE USA AND PUERTO RICO, WITH CLAIMS OF POSSIBLE MONEY LAUNDERING IN REGARDS TO FOREIGN CURRENCY. WE HAVE RELEASES OF...PLANES TRAINS AND AUTOMOBILES BEING CONFISCATED, HERE IN THE USA, BUT NOW BEING TAKEN BACK FROM MALIKI AND OTHERS. WE HAVE RELEASES TALKING ABOUT ARRESTS AND FILES OF POSSIBLE FUTURE ARRESTS OF MANY PEOPLE REGARDING ISIS. WE ARE IN THE MIDST OF BACK AND FORTH RHETORIC, QUOTING EVERY PERSON WHO CALLS THEMSELVES AN ECONOMIST, MANY MEMBERS OF THE FINANCE COMMITTEE...50 AND 100 K NOTES, AND WHAT THEY WILL DO TO INFLATION, DEFLATION, HYPERFLATION, HYPOFLATION... [post 1 of 2....stay tuned]
6-14-2015 Newshound/Intel Guru BGG Is anyone curious about the early August time-frame for Customs (tariffs)...and all those numbers put together aren't even CLOSE to 40 Trillion (and they may need more than that if oil prices keep falling)...so - I ask the rhetorical - were do you think they will get 40T IQD in spending power between now and the end of the year? that's a whole lot of $$ to get forked over by the WB and IMF - I don't see it...so where r they gonna get that money from...if they change the value of their currency...Their budget problem goes – POOF!! If they increase the currency value (even a little) the GOI benefits just like you to – they have have the buying power they need for “internal projects”. [post 2 of 2]
6-14-2015 Newshound/Intel Guru BGG Ok - so stop and think about this for a sec...Iraq's 2015 Budget was roughly 119 Trillion IQD...today is June 13th - almost EXACTLY half way thru the year...the other day they went public with their "true deficit" as 30% the budget... (of 119 T) - in other words more like 40+ Trillion IQD (40 Billion USD). I have been saying this - right? The deficit was waaaay more than 25 Trillion (IQD). So 50% of their budget and remaining year is likely GONE...surely they have spent the full budget allocation during the first half of the year...so they probably have only 20% of their budget left (of 119T IQD) to cover 50% of the remaining year...at a current rate of a bit over 10T IQD per month... they have a tiny bit over 2 months before they run out of money completely. So where does it come from? Has no one bothered to read the fine print on the loan articles? They aren't even close - and if they were, the loans were for like 833 mil... 9 mil... 5 bil (if they GET a credit rating and their bond issues sell... lots of "if's")... and not until past June... [post 1 of 2....stay tuned] 6-13-2015 Newshound Guru Aggiedad77 "Determine the August/August as the date for the next elections presidency of the region" So President Barzani is saying that August will see a new election day for the Kurds...does not say anything about whether the Barzani family will be allowed to continue in their current reign as President and PM...but I'm thinking that is doubtful.
6-13-2015 Newshound Guru Aggiedad77 Article: "Central bank: borrowing from the IMF will achieve the required targets Iraq" The governor of the CBI is speaking out today with regard to the pending potential loan from the IMF for $833 million dollars, stating this will aid supporting the budget as well as reducing the deficit...well yes to both...certainly such an amount would help the budget and potentially reduce the deficit "some"...but not significantly IMO...What it can perhaps do on a more positive note is improve Iraq's credit standing and allow them a higher credit rating...this having merit when you rethink the international bonds they are trying to move and need as good a credit rating as possible to make them look as lucrative to investors as possible...one scratch leads to another...building confidence in Iraq on a global level.
6-13-2015 Intel/Newshound Guru Poppy3 I COULD CARE LESS ABOUT THEIR DEALINGS. I COULD CARE LESS ABOUT THEIR LOANS, THEIR POLITICS ETC UNLESS IT EFFECTS MY POCKET BOOK AND POSSIBLE RATE OF EXCHANGE OF MY DINAR. BOTTOM LINE IS THEY NEED $$$$$$$$$ AND MORE THAN THEY CAN BORROW UNLESS THEY HAVE AN APPROVED CREDIT RATING AND VALUED CURRENCY. ITS SHOULD BE OBVIOUS TO ALL OF US THEY ARE AT A PANIC STAGE. ABADI WORKING DAY AND NIGHT ALONG WITH MANY KEY LEADERS TO GET TO THE POSITION OF FULLY FUNDING THEIR BUDGET AND MOVING THE COUNTRY FORWARD WITHOUT GOING BACKWARDS. DR SHABIBI STATED THEY NEEDED A MEDIAN RATE THAT THEY COULD MAINTAIN AND STILL GROW THEIR ECONOMY FOR 24 TO 36 MONTHS. NOTHING NEW HAS BEEN SAID FROM CBI LEADERS TO CHANGE THAT.
6-13-2015 Intel Guru Mnt Goat We should all now focus on only three (3) major items at this point in time. My timelines below are just my perception of how this may all play out. In the next couple weeks: 1) getting the 1st and 2nd readings of this new oil and gas law 2) getting announcements that they are about to hold a session to vote on the “package of laws” and that the package still contains what we need to complete the National Reconciliation. Then to see them pass these laws and then begin the implementation process. By the end of Ramadan (mid July). 3) Our major news focus should be on coalition forces defeating ISIS and getting rid of Iranian militias and Nori al-Maliki. I truly believe if we begin to see these events take root and move ahead we should also begin then to see articles slowly trickle out of the CBI telling us they are moving forward with the project to delete the zeros and currency reform (distributing the new lower denoms and the the 50k and 100k notes).
6-13-2015 Newshound/Intel Guru Randy Koonce I am writing this note to calm the people who are having trouble understanding what happen with the Sterling stuff and if you have been scammed or not... Is the Iraq money good? Yes it is unless you have sadam hussiens face on the bills. Why did the FBI raid Sterling... I read the doc and the charges they are all on BUSINESS PRACTICE NOT THE BILLS... I have not seen any bills that Sterling sold that was bad...and unless you have Sadam Hussein face on a bill then you will be ok...The FBI said in a statement that it was not going to RV...No they did not they were quoting a partner who at the time did not care because they were making lots of money...Why did GID and others get shut down... because they were partners to Sterling. What does this mean to me... It means you are ok if you are holding dinar and as soon as Barzani gets enough pressure on Obama to be paid you will see the RV...We are close. Every large bank will exchange. RELAX the RV is coming... Barzani is the Person that has to be paid... and Iraq nor the US can do this without Money and the only way for that is RV...
6-12-2015 Intel Guru Frank26 i strongly believe the IQD's MR (Monetary Reform) is at it's highest point of advancement compared to all the years of past. IMO...The speed is also accelerated.
6-12-2015 Intel Guru Mnt Goat They announced that a NEW OIL AND GAS LAW is going to be presented soon. This is what is holding up parliament. This is what is also holding up the National Reconciliation Reforms effort. I believe that once this new draft of the HCL bill is completed, it will have its first and second readings then become part of a “package” of laws presented to the legislature for a vote.
6-12-2015 Newshound Guru Millionday [...do they have to have a reality rate before they release the new bills/coins?] IT DEPENDS ON WHAT THE DENOMINATIONS ARE THAT THEY RELEASE AS TO IF THEY ARE USEFUL AT WHAT RATE --- ...WE HAD A REQUEST FROM PARLIAMENT FINANCE COMMITTEE ASKING FOR A FREEZE ON THE RELEASE OF THE LARGE DENOMS -- THEY WERE STATING THAT IT WOULD BE A RISK OF HUGE INFLATION...
6-12-2015 Newshound Guru Enorrste ...a given currency's strength is determined by its reserves. Iraq has the largest reserves in the world in comparison to the value of its money supply. Therefore it is the strongest currency, irrespective of the fact that the locals prefer dollars.
6-12-2015 Intel Guru Mnt Goat One token of news this week is we heard once again the pressure to formally reinstate Dr Shabibi as governor of the CBI. In the article it talked about having a qualified. experienced individual as head of the CBI and to allow this office to work independently of the government of Iraq. So from this we know Dr. Shabibi has NOT yet been formally reinstated to the CBI. But we feel this is coming very soon.
6-12-2015 Newshound Guru Aggiedad77 Article: "The central bank back on its earlier decision to deny an auction of 14 banks currency terms" Earlier this week we saw the CBI take action against 14 banks within Iraq where they withdrew their ability to participate in the currency auction...well today that decision was rescinded or turned around by the CBI...Not without consequences it sounds like...each of the 14 were made aware the CBI would be monitoring the actions of the bank closely through some traceable means available to them...the CBI wants the banks who are involved in the currency auctions to be seen as clean and above board in their currency transactions...no smuggling...no corruption...Their earlier actions had of course pushed the dollar higher as would be expected that old "supply and demand" issue that we've talked about for months...each of the banks has 10 days to get its house in order or face losing the ability to participate in the auctions altogether.
6-12-2015 Newshound Guru Enorrste Therefore, I see this as a bold move on Saleh's part. I also see that it may be at the prodding of Abadi or at least with his consent. Remember, Saleh works for Abadi. He won't open his mouth unless he has cleared his views first with his boss. This, then, is an internal discussion between Saleh and Abadi, on the one hand, and Allaq, the head of the CBI, on the other. It is, in essence, a statement from Abadi to Allaq telling him that, in his view, it is time to move forward with the change in the exchange rate regime. It would not surprise me if the change in the exchange rate regime occurred simultaneously with the issuance of the 50000 dinar notes. Now, the CBI is still autonomous, so we don't know if they will take the bait or not. Therefore, it is possible that nothing will come of this: we have seen this before, many times. Of course I could be wrong, but I just can't believe that Saleh would recommend to anyone that the offical rate be reduced. Hang in there. If Saleh's recommendation today comes to fruition we may actually begin to see movement in the right direction, finally. [post 2 of 2]
6-12-2015 Newshound Guru Enorrste Article quote: "Economic Adviser to the Prime Minister called on the appearance of Mohammed Saleh, to adjust the exchange rate by the central bank." As I see this Saleh is advocating...for the CBI to go ahead NOW and move to a floating currency. Once the official rate is the same as the street rate, then the demand for dollars becomes meaningless, right? If I have to pay a commission to someone to buy dollars when my dinars are going to go up and down just as the dollar does, why would I do that? I wouldn't. Remember, what happens WITHIN a country is different than what is happening OUTSIDE the country. We know that with our own currency: it goes up and down outside the country, but is still "just a dollar" at home. The same will happen with the dinar: it will be "just a dinar" and no "difference" inside the country between it and a dollar will matter. Once the incentive to buy dollars is removed by changing the exchange rate regime, then the fire to abandon dinars in favor of dollars will go out. At that point, market forces will come into play and the dinar will rise in value...once it is set free natural market forces will show that it is actually STRONGER than the dollar. This won't take long, either, because if they change the exchange rate regime then that means that OTHER people besides locals will have access to the currency. This includes speculators. [post 1 of 2....stay tuned]
6-12-2015 Newshound Guru Aggiedad77 Article: "Expert (time): overlap FAQ encourage money laundering in the country" The Finance Ministry is attempting to bring a halt to money laundering and smuggling of currency out of the country...they apparently have been struggling in this area and as a result have asked the US Treasury for assistance in monitoring what goes out of Iraq...who is sending, where is the currency going, how is it being used and such...in 2014 Iraq ranked 6th globally as a high risk of money laundering...not a list you want to be at or near the top of for sure. 6-11-2015 **** Dinar Guru News UPDATE **** As you know, Sterling was visited by federal and local authorities last week. Since then Sterling has not made a statement of what that visit was about and appears not to be operating right now. Yesterday a document surfaced that appears to be a US District Court document that contains very concerning and strong language about this situation. The gurus feel this document is authentic and their opinions are beginning to come in below. Stay tuned as the gurus chime in and this story unfolds...The latest guru posts will continue below.
Read more: http://www.dinarguru.com/#ixzz3eGLMpic9
6-11-2015 Intel Guru SteveI ...I am still being told by many that once Iraq has ISIS under control and they will fairly soon, then look out, it will be full steam ahead.
6-11-2011 Newshound Guru sczin11 AT THIS TIME OF ALL THE RHETORIC OF ISSUING THE NEW NOTES, STABILIZING THE CURRENCY, REDUCING NOTE COUNTS, ALLOWING IMPORTERS TO SEND FOREIGN CURRENCY REMITTANCES TO PAY FOR GOODS THROUGH THE BANKS, MERGING RAFIDIAN AND RASHEED, HOR ON RECESS, RAMADAN COMING AROUND THE CORNER, ETC... WE HAVE THE FINANCE MINISTER SHOUTING OUT AT THE MAN WHO CAN CHANGE THE FINANCIAL STATURE OF THIS GREAT NATION, YELLING OBSCENITIES. WHO ARE WE TO BELIEVE IS ACTING IN THE BEST INTEREST OF THE POOR CITIZENS OF THIS LAND OF RICHES? WOULD IT BE THE HISTORIC ALY OF THE FORMER PRIME MINISTER, THE SELF SERVING MASTER OF COUNTRY DISASTER, OR WOULD IT BE THE MAN APPOINTED BY THE NEW REGIME, THE NEW IRAQ, THE ONE EMPOWERED BY THE BUDGET LAW, TO IMPLEMENT FINANCIAL REFORM, TO BRING IRAQ INTO THE OPEN GLOBAL MARKET ECONOMY? CHALIBI IS DOING HIS BEST TO FINISH THE INITIAL PLAN TO WHICH HE WAS APPOINTED...IMHO, IT IS HIS RESPONSIBILITY AND DESIRE, TO BRING BACK INTO THE PUBLIC EYE, DR. SINAN AL SHABIBI! [post 2 of 2]
6-11-2015 Newshound Guru sczin11 FLASHBACK...SEVERAL MONTHS BACK, CHALIBI, ACCUSED CBI ACTING GOVERNOR, OF HAVING FRAUDULENT/COUNTERFEIT EDUCATION CERTIFICATES, FOR BOTH HE AND HIS DAUGHTER, WHO SUPPOSEDLY IS EMPLOYED AT THE CBI AS WELL. THE ACCUSATIONS WERE IN INK, THE EVIDENCE TO PROVE, JUST IN THEORY...THAT BEING PART OF A STASH OF DOCS THAT DR. SHABIBI LEFT WITH, WHEN MALIKI WENT AFTER HIM...REMEMBER, CBI ACTING GOVERNOR, MOSHIN ISMAIL/ ALI ALAAQ, KEYWORDS... WAS PART OF THE MALIKI SUPPORT TEAM FOR YEARS...WHY NOW, AFTER SEVERAL MONTHS OF HEARING NOTHING FURTHER, AND MUCH RHETORIC OF ALL THAT KEYWORDS HAS BEEN DOING, PLAYING BALL SO TO SPEAK, ARE THESE STRONG ACCUSATIONS IN INK, TODAY, AGAIN WITH NO SUPPORTING EVIDENCE? REMEMBER, TOO, IN ORDER TO BRING DOWN THE CBI GOVERNOR, THERE MUST BE JUST CAUSE! WHAT IS CHALIBI TRYING TO ACCOMPLISH NOW? [post 1 of 2....stay tuned]
6-11-2015 Newshound Guru Millionday [I find this article's timing is interesting. The United States of America is the one behind the FBI investigation on Sterling and the complaint is now public record. Money Laundering is the offense.] I THINK THAT OUR PROTECTION IS OF THE UTMOST IMPORTANCE AND DONT KNOW ABOUT THE INVESTIGATION BUT AM GLAD THAT PROTECTION IS BEING ASKED FOR BECAUSE IT SHOWS THAT IRAQ IS AN ALLY BY HELPING IN GLOBAL PROTECTION AS WELL. [post 2 of 2]
6-11-2015 Newshound Guru Millionday Article quote: "Iraq asked the United States to help him in tracking money laundering and exit of foreign currency operations. A statement from the Ministry of Finance and received "The Minister Hoshyar Zebari asked the Assistant Secretary of the Treasury for combating the financing of terrorism and operations, US money laundering Daniel Glazer during his visit to Iraq to help his ministry to track money laundering and exit of hard currency out of the country to foreign banks' operations." OF COURSE THIS IS WONDERFUL NEWS DUE TO THE THREATS TO THE GLOBE AFTER 9/11-- THEY HAVE MADE MANY STEPS TO ENSURE THAT TERRORISM IS NOT FUNDED THROUGH MONEY LAUNDERING AND FRAUD TO PROTECT US ALL -- THEY HAVE ASKED THE UNITED STATES TO HELP TO MONITOR THAT NO MONEY IS BEING USED BY TERRORISTS SO THEY ARE DEPRIVED OF FUNDING. [post 1 of 2....stay tuned]
6-11-2015 Intel/Newshound Guru Poppy3 Iraqi Dinar Revaluation READ THIS AND REMEMBER OLD POPPY3 INFORMED YA'LL YEARS AGO THAT $4.3 TRILLION DINAR WAS DELIVERED TO THE UST ... DOESNT SOUND LIKE THEY NEVER PLANNED ON RV DOES IT.
6-11-2015 Newshound Guru Millionday Quote: "To / banks approved the exercise of all banking and financial companies approved the conversion of all ( Help sale and purchase of foreign currency) 10/06/2015" THIS IS A NEW ORDER SENT TO BANKS BY CBI...SO AS WE SEE THE APPROVAL HAS BEEN GIVEN TO BANKS TO CONVERT ALL FOREIGN CURRENCY -- THIS IS A NEW APPROVAL DATED TODAY [WEDNESDAY, 6-10-15].
6-11-2015 Newshound Guru sczin11 I AM NOT SAYING THERE WILL NOT BE OTHER AND FURTHER INVESTIGATIONS, BUT, THE FBI WOULD NOT TELEGRAPH THEIR HAND, IF OTHERS WERE INVOLVED IN THE IRAQI DINAR SCAM, WHERE REAL PEOPLE WERE BEING MANIPULATED IN THE WRONG WAY. INSIDER TRADING, PUMPING AND DUMPING, THE WOLF OF WALL STREET...THESE ARE EXAMPLES OF ILLEGAL BUSINESS PRACTICES... SCAMS! IRAQ AS A NATION WILL THRIVE...THE WORLD AS A WHOLE WILL BENEFIT FROM THEM...AND MOST IMPORTANT OF ALL, THE CITIZENS OF THAT WAR TORN, POVERTY STRICKEN COUNTRY, WILL SURVIVE AND PROSPER! [post 3 of 3]
6-11-2015 Newshound Guru sczin11 UNTIL SUCH A TIME, IF EVER, (never IMHO ) THE DINAR GETS PULLED OFF THE MARKET BY THE CBI, AND EITHER NEW NOTES ARE RELEASED, OR THEY GO TO ANOTHER CURRENCY FOR EVERYDAY USAGE, THE IRAQ DINAR IS REAL, AND IS NOT A SCAM, PERIOD! WHAT WILL HAPPEN TO THE EXCHANGE VALUE OF THE IRAQI DINAR, OVER TIME, HOW HIGH OR LOW, HOW FAST OR SLOW, THE PUMPING AND DUMPING, THE CONTINUOUS PREACHING OF INSIDER INFO...DECEPTIVE SELLING PRACTICES...THAT IS WHAT IS BEING QUESTIONED HERE, IMHO. IF THE DINAR WAS A SCAM, WOULDN'T ALL OF THE EXCHANGERS OFFERING DINAR, HAVE BEEN SHUT DOWN AT THIS POINT? [post 2 of 3....stay tuned]
6-11-2015 Newshound Guru sczin11 ...WITH REGARDS TO...THE 48 PAGE DOCUMENT OF CIVIL ACTION, WITH THE USA LOOKING FOR SEIZURE AND FORFEITURE OF THE ASSETS OF MANY PLAYERS AT STERLING CURRENCY GROUP, AND RELATED ENTERPRISES...AT THIS TIME, I DO NOT WANT TO GET TOO DETAILED WITH MY OPINIONS, RATHER JUST STATE FACTS THAT SHOULD PUT SOME MINDS AT EASE...AT THIS VERY MOMENT IN TIME, THE IRAQI DINAR, IS THE CURRENCY OF IRAQ... IT IS NOT A PIECE OF PAPER PRINTED ON A DESKTOP PRINTER... IT IS NO DIFFERENT THAN THE US DOLLAR IS TO US...IT HAS A VALUE, AND CAN BE BOUGHT AND SOLD AT CURRENT MARKET VALUES...THE DINAR AT THIS TIME, IS NOT INTERNATIONALLY RECOGNIZED BY ALL FINANCIAL INSTITUTIONS, THUS THE NEED TO FIND EXCHANGE DEALERS WHO DEAL WITH THIS CURRENCY...IT IS NOT A COLLECTIBLE, AS IT IS IN FACT, USED IN THE COUNTRY OF IRAQ...UNLIKE THE ZIMBABWEE DOLLAR, WHICH IS NOT USED ANY LONGER... [post 1 of 3....stay tuned]
6-11-2015 Intel/Newshound Guru Backdoc This is a matter of “WHEN”...not “IF” this is going to happen. The timing of the monetary reform...I believe...based on the knowledge I have...it will be before mid-July...The reason why I believe it will happen before mid-July is because without it the economic and financial situation (globally) will start to collapse and have significant problems. We are not the only ones feeling the pain. Ramadan being a holiday that is observed by the middle-eastern countries is important...but it doesn’t stop global commerce from happening. Ramadan is not holding this up.
6-11-2015 Newshound Guru Tlar They have a delete the zero program if they ever will want to institute it. We as individuals have to decide for ourselves whether we think the currency will go up or down. We are no different than any other currency speculator. Nothing you or I have done is illegal and the dinar is not a scam... We wait patiently for Iraq to fix itself and help its citizens in the hopes that we too may complete the dream that George Bush had for Iraq when he allowed us to individually invest in this currency. When the then seated President of the United States allowed us to buy a US Treasury OFAC listed currency from a country under Chapter VII sanctions , directly from the big banks here in the US. I bought alot from Chase and Bank of America. [post 2 of 2]
6-11-2015 Newshound Guru Tlar [Referencing Sterling Currency Court Document] The scam they are talking about is not the physical dinar itself but the system Sterling used to increase its sales. The governments wants this operation closed...This is a serious charge and will most likely be seen by the courts as a scam operation and will probably end up in seizure of the assets from this operation as the FBI wants. Personally as far as I am concerned I pay more attention to Iraq...It is Iraq's currency that we own. Iraq is a sovereign country and not part of the US. Ultimately Iraq will decide its own fate as to the value of their currency. Unless everything has changed, they have told us in the past that they want to add value and purchase power to their currency. [post 1 of 2....stay tuned]
6-11-2015 Newshound Guru Kaperoni [Referencing Sterling] I agree with [Guru Administrator] Bob and other posters or I would not have spent years of my life finding information on what Iraq is doing. I soundly believe that the dinar will rise in value as Investors/investment comes into Iraq. It hopefully will be as [Guru] Enorrste coined..."the wildwest of the middle east." It just is going to take time to create that environment so it can happen. This particular dinar dealer does not change that reality. [reference Administrator Bob's post 6-10-15]
6-11-2015 Newshound Guru Adam Montana [Any news on Sterling Group in Atlanta? If so...any effect on my dinars?] Lots of news, but the important thing for us is the second part of your question. There is nothing about the Sterling story that affects our dinars. 6-10-2015 Newshound/Intel Guru BGG [Referencing Sterling:] After reading some of this “Amended Complaint” I simply cannot believe it. We have (privately) long speculated something like this was going on, I even predicted this kind of action by the government going back over a year. I am still stunned at the depths of their LUNACY. I am mortified on behalf of consumers. However, I stop far short of calling the Iraqi Dinar “a scam”. There will be all manner of attempts to “connect” the currency (or investment) itself to the sphere of misdeeds...The two are completely separate...
6-10-2015 Newshound Guru Millionday THE IRAQI PARLIAMENT FINANCE COMMITTEE IS DEMANDING A DIFFERENT CBI GOVERNOR TO BE PUT IN PLACE. Quote: "He said Chalabi, should be the new governor of the Bank shall be an autonomous professional in this area and do not represent the party or political blocs." [who is this Chalabi...?] HE HAS HELD MANY POSITIONS IN IRAQ AND IS RESPECTED BY MANY -- HE HAS BEEN IN OIL AND FINANCE AND OTHER GOVERNMENT POSITIONS. HE SUPPORTS UNITY IN THEIR GOVERNMENT ACCORDING TO REPORTS I HAVE READ.
6-10-2015 Newshound Guru Administrator Bob Subject: "June 2015 Sterling complaint from the United States" The IMF documents I believe are the most factual information we have on the potential of this investment. [Gurus] Kap, Enorrste...have done a very good job explaining the process.
6-10-2015 Newshound Guru Adam Montana [...Week after week...You maintain the positivity even knowing that for a LOT of us it has become questionable at best. ...surely even you must realize that belief in this endeavor has waned enormously. Like many, good or bad, this investment is all we have. Yes, I know...never invest more than you can afford to lose, etc. It was a risk from the beginning, yada, yada, yada. Hasn't YOUR belief in it ever waned? Just a little? How to you maintain your upbeat attitude about this so-called r/v after all this time when we keep getting kicked in the teeth over and over and over?] I won't apologize for expressing my views. Iraq is moving in a positive direction, and I'm sticking with them until that changes. A few setbacks here and there is NOT a reason to "give up". If I had threw in the towel after my first few challenges in life, I would not have experienced any of my successes.
6-10-2015 Intel Guru Mnt Goat We also know the list of the critical laws needed to complete the Reconciliation effort. Once the Kurds get what they want they will return to parliament and the voting will take place on the other needed laws since most of them already have completed their readings, revisions, renegotiations and are ready for their final vote. Remember too they also want the National Guard and Amnesty bills. Jabouri is attempting to get all these laws passed quickly in a special session and in a “basket of laws”. He has already tried to set this up and failed once. Now a new plan and a new attempt at it. [post 2 of 2]
6-10-2015 Intel Guru Mnt Goat I have confirmed that the Kurds are in fact asking for a new HCL and their terms are not shocking and should be easily understood and agreed to by all, as most bills normally are even before they make it to parliament. The Kurds are asking for 26% not the 17% of oil revenues as there is so much unpaid shares remaining from the past 17%. They also want to be compensated for the effort with fighting ISIS DAASH since they have taken the lead to protect the oil fields since June of 2014. All other oil and gas laws will be null and void, as this new law states. [post 1 of 2....stay tuned]
6-10-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Finance demanding the ouster Governor of the Central Bank" This is some very serious allegations being made by the head of the Finance Committee...we've seen this from more than one source and have to believe at this point anyway that they are pushing for this ouster of the current governor of the CBI...although from all that has been made public thus far I do not see where their accusations can necessarily hold any water...The Finance Committee through Article 50 of the 2015 budget basically hamstrung the CBI with a limit of how much they can sell on any given day...well below the levels they had previously been selling...this fiasco started with the implementation of this restriction at the end of January this year...yet now the head of the Fin Comm wants the governor's head on a platter for what is going on...
6-10-2015 Newshound Guru Millionday [are remittances close to revalue?] THE REMITTANCE SYSTEM IS INCLUSIVE OF CURRENCY EXCHANGE BETWEEN COUNTRIES. [If remittance system is needed for a market economy is this then a move by the CBI to the market economy?] THE REMITTANCE SYSTEM IS WHAT THEY ARE USING FOR THE MARKET ECONOMY -- ECONOMICALLY -- IT IS PART OF THE BANKING REFORM THEY WORKED SO MUCH ON. SO OBVIOUSLY -- THE RATE OF EXCHANGE WOULD BE NEEDED FOR THIS PROCESS NO MATTER WHAT IT IS -- IT IS REPRESENTED BY THE ORDERED INTERNATIONAL EQUATION. 6-9-2015 Newshound Guru Aggiedad77 ...Frank [Guru Frank26]...called me...I'm not sure I have heard Frank as excited as he was...something BIG is up with the MR [Monetary Reform] it sounds like...my take from this is that...the news hounds need to be on the alert for anything relating to the MR process over the next 6 hours or so...not sure what we are expecting...but IMO it can't be anything but good...thinking we should hear more tomorrow.
6-9-2015 Newshound Guru Millionday Article quote: "Ministry of Commerce announced, Monday, that Iraq will participate in the work of the International Economic Forum to be held in St. Petersburg in Russia for the period from 18-20 of this month." IN A WEEK AND A HALF IRAQ WILL BE AT THE INTERNATIONAL ECONOMIC FORUM...THE PAPER TO BE PRESENTED ABOUT IRAQ GLOBALLY IS ECONOMIC AND TRADE... AND A HUGE SIGN COMING FROM IRAQ`S DEPARTMENT OF COMMERCE THAT IRAQ IS READY FOR TRADE GLOBALLY -- DUE TO DEFINING COMMERCE...THIS IS THE FIRST TIME I HAVE SEEN A GLOBAL ANNOUNCEMENT FROM THE DEPARTMENT OF COMMERCE.
6-9-2015 Newshound Guru Aggiedad77 [If as (Guru) Delta says could add value this month ... With Ramadan commencing on June 17 if it has not happened before then can it happen during Ramadan?] In my opinion...given what Delta is saying...yes it could happen even after Ramadan starts...their government does not shut down entirely for Ramadan...things still run, businesses still open...PM Abadi and Dr. S [Shabibi] will continue to function so yes this could happen either before Ramadan or even after it commences...again IMO...but the sooner the better again...IMO.
6-9-2015 Intel/Newshound Guru tman23 Here is what we have... The Kurds getting set for OUTSIDE FOREIGN LOANS...up to 5 billion usd... Abadi sending a letter to the Kurds to try and calm things down (no personal visit and no Kurd visit to Baghdad?)... Massum to mediate and Terhan to meet to talk about Kurd Independence... I would like to know what is in the letter from Abadi to Barzani... anything short of we are going to be able to pay you in full come July 1.2 billion (and not IQD valued at 1166)...We are going to revalue the currency...I just can't tell you...All we can do is wait the next 3 weeks out and see how they move.
6-9-2015 Intel Guru Mnt Goat The upcoming RV Process: I have had a recent talk with my CBI contact in Baghdad. The conversation was long and once again the process about to take place was described to me. This is what I was told: The CBI would begin the distribution of the new lower denominations along with the newer 50k and 100k coins. These larger notes (coins) are not to go out to the general public on the streets but rather are only to be used for inter-banking, international business, large commerce and very large amounts of cash transfers. Once distribution begins we will then see a .90 cent international rate. This low rate is to relieve pressure from inflation and to make the transition to a global currency. It will not last long (maybe a week at most) then they plan to conduct a full revaluation and adjust the rate to align with surrounding middle eastern countries. They would not tell me the rate but my guess is it will come out somewhere around $4.00 +.
6-9-2015 Newshound Guru sczin11 IT STARTED IN DAVOS, WHEN PM ABADI STATED "IRAQ IS OPEN FOR BUSINESS!" IT HAS CONTINUED WITH MANY OTHER STEPS...AND AS WITH ANY BUSINESS PLAN, IN ALL SECTORS OF INDUSTRY, THERE ARE CRUCIAL STEPS TO SUCCESS...THE MOST IMPORTANT DIVISION OF A SUCCESSFUL ENTERPRISE, IS THEIR SALES AND MARKETING DEPARTMENTS... HUNDREDS OF BILLIONS OF DOLLARS WAIT IN AND OUT OF THE COUNTRY OF IRAQ TO EXPLODE INTO THE ECONOMY...INCONCEIVABLE TO IMAGINE THE POVERTY THAT DOES EXIST...THE THRUST OF THE DOLLARS IS COMING...THE INVESTMENTS ARE ON THEIR WAY...IF THE COUNTRY OF IRAQ IS GOOD ENOUGH FOR THE IMF, THEN CERTAINLY IT IS GOOD ENOUGH FOR THE REST OF THE WORLD! [post 2 of 2]
6-9-2015 Newshound Guru sczin11 The Plan Continues... Article: "The prime minister for economic affairs adviser appearance of Mohammed Saleh, Tuesday, to lend the amount of $ 833 million for the International Fund for Iraq have positive signs and encourage donors and the international community to deal with Iraq." LAST WEEK WHEN THE RELEASE FROM THE IMF APPEARED TO THE PUBLIC, REGARDING THE $833 MILLION DOLLAR LOAN, THE VAST MAJORITY LOOKED AT IT, AND TOOK A BREATH OF FRESH AIR, IRAQI LIQUIDITY ISSUES ARE TAKEN CARE OF AGAIN, AT LEAST TEMPORARILY.... FOLKS, ASIDE FROM THE CONFLICTING WORDS IN THE RELEASE, THE SEEMINGLY AMBIGUOUS ANSWER TO ALL THE RHETORIC WE HAVE READ, WAS MERE POCKET CHANGE, IN RELATION TO THE NEEDS WE KNOW OF... BUT YOU SEE, THE PLAN...WELL DESIGNED, METICULOUS, AND COVERING ALL ASPECTS OF BUSINESS, CONTINUES... [post 1 of 2....stay tuned]
6-9-2015 Intel Guru Delta URGENT FROM IRAQIA TV: THE NEW PAPER CURRENCY IS SCHEDULED TO PUT ON THE MARKET NEXT MONTH. IT WILL REDUCE THE DEMAND FOR THE DOLLAR AND RAISE THE VALUE OF DINAR! [...sometimes when they say "next month" it means this month. I there a possibility that they could do it this month?] YES VALUE WILL COME FIRST AND VERY HIGH POSSIBILITY THIS MONTH, AND THEN GET NEW NOTE NEXT MONTH.
6-9-2015 Intel Guru Mnt Goat Article quote: "House of Representatives ended the second legislative term, putting on a shelf commentary important laws package included "paper political agreement" that emerged by the Government Abadi." This past weekend out popped an article...It is one of those articles telling us so much. It also emphasizes once again what is the hold up is. It sums up much of the current events in the handling of these much needed laws in the Reconciliation process. Remember these are just not “nice to have” laws, but laws that were part of the agreement to allow Abadi and his government to begin the formation and to complete the government. Thus the government is NOT FULLY FORMED until each of these laws are passed and enacted. In 2009-10 they called it the Erbil or Arbil agreement. The Needed Laws? National Guard law; Federal Court law; Parties law; Oil and Gas law (this may hold up royalty payments if not passed?); Amnesty (mentioned in another article); Federation Council law. So I do not see any real progress being made towards seeing an RV until early July when the legislature comes back from recess.
6-9-2015 Newshound Guru Millionday [Do you think the reason Kurdistan hasn't been paid of their share of the oil revenue is because Baghdad doesn't have the money fully to pay them and they are waiting for the revaluation of the currency for additional funding? Iraq can't go to global economy without internationally traded currency.] STICKING TO THE AGREEMENT WITH FEDS AND KURDISTAN HAD SO MANY RESOLVES INVOLVED I WAS NOT NOR WAS MANY SURE WHY THEY WOULD NOT STICK TO THE AGREEMENT -- THE PROGRESS LOOKS AS IF IT IS ABADI AND HIS GREAT WORKS FOR ALL PEOPLE -- SO MANY REASONS THIS AGREEMENT SHOULD STICK BUT YES MONEY IS A HUGE ONE. THEY AS A NATION WANT TO MOVE FORWARD - PER THE REFORMS THEY ARE SO EXCITED ABOUT AND THE OPPORTUNITY -- HUGE. 6-8-2015 Intel/Newshound Guru Poppy3 IF IT WAS A GOOD INVESTMENT 3 YEARS AGO OR 12 YRS AGO IT IS A GREATER INVESTMENT TODAY THAN EVER BEFORE .
6-8-2015 Newshound Guru Millionday [could this 82nd airborne deploying to Iraq in June and also now Obama is saying Iraq is gaining security could be the trigger for RV?] IT SEEMS TO BE THE ABILITY TO HAVE A MARKET ECONOMY -- THEY SEEM TO BE ANNOUNCING STABILITY AND SAFETY -- PROTECTION ETC.
6-8-2015 Newshound Guru Tlar The CBI who is responsible for monetary policy and circulating currency which is a function of liquidity, decided they had to temporarily introduce a new note with value in the hopes that it would at least alter the needs of the market and reduce the amount of USD being sold at auction. In other words the purpose of these notes is to hopefully temporarily satisfy the overage above 75 million needed each day in the market so they could adhere to the cap. Parliament then loosened the cap until the CBI could get these notes out. The other reason they want to introduce these notes is to get the Iraqi's used to using the dinar again. These high value notes will be sold at auction and will undoubtedly be part or all of the 5 trillion in loans that the CBI is scheduled to loan the banks. This will be the way these high value notes are introduced to the market. Their intention is not to replace USD nor is it their intention to trade for other three zero notes. The intention is to quickly raise liquidity only. These notes will not slow the delete the zero program down as they themselves have told us. They are the precursor to the delete the zero program...opinion only. [post 2 of 2]
6-8-2015 Newshound Guru Tlar This is a fluid situation and it can and has changed direction on a dime many times based on what recently happened on the ground. So I advise you to understand that what I believe is going on, may or may not be actually as I see it. First, I believe the CBI when they state shortly they will introduce the 50 and 100 thousand notes. I think this is a necessary temporary fix to a problem that showed up earlier. The temporary problem was and is, LIQUIDITY. Liquidity is best resolved on by the loosening currency to the streets. The best way to do this is to get cash to the banks and have them start making loans to businesses and individuals as we all know. The other way to resolve the liquidity problem is to continue the auctions selling USD at a level that would meet the needs of the public as they come into the banks. But to continue doing so would reduce the reserves as they are drained off to supply both the currency needs sold at auction and meeting balance of payments. All balance of payments (remittances) have to be done in USD because the dinar is not yet a tradable currency. This was exactly what we saw starting to happen at the CBI. [post 1 of 2....stay tuned]
6-8-2015 Newshound Guru tlm724 Article: "Parliament calling on the government to freeze the "oil and gas law," and proceeds to have a new draft" I was asked this question: Think we need this done prior? This is more important for the people of Iraq, the citizens deserve their fair share of the oil profits! Does this reflect our investment one way or the other? I say nope. I am sure the CBI would like to see the stability and unity that will go along with the law but it is NOT necessary IMO to continue forward with the currency reform. Besides, WHEN the Kurds and Baghdad actually execute their oil agreement it will cover all that is needed as far as the gas and oil export etc... for the short term.
6-8-2015 Newshound/Intel Guru BGG I have said - for sometime - it is not impossible for me to envision Iraq get things under way (fiscally) as a much needed stop-gap budget solution...and quite honestly - I may or may not be right about that - but at this point, it's looking more and more like this may be what they are faced with.
6-8-2015 Intel/Newshound Guru Poppy3 ...we HAVE ABADI COVERING THE WORLD FROM USA, FRANCE, GERMANY ETC BEGGING FOR FUNDS. WE HAVE PENDING LOANS THAT THEY CAN'T DRAW ON TILL THEY HAVE A CREDIT RATING THAT THEY CAN'T GET TILL THEY HAVE VALUE ON THEIR CURRENCY HIGHER THAN TOILET PAPER? THEN WE HAVE AGREEMENTS FROM 8 COUNTRIES TO HELP PROTECT THEM, WE HAVE DEADLINES PENDING EVERY FEW DAYS...THEY HAVE SIGNED CONTRACTS INTO BILLIONS WITH NO MONEY TO GET THEM IMPLEMENTED, THEY WANT AND HAVE A TIME TABLE TO IMPLEMENT THE TARIFF LAWS AND NO 3000 NEW EMPLOYEES TO IMPLEMENT THAT WON'T PAY FOR ITSELF AT 1166... THIS IS REALLY GETTING TO BE FUNNY IN MANY WAYS AS THEY ARE AND HAVE PAINTED THEMSELVES INTO THE CORNER OF A LARGE ROOM. I THINK THEY HAVE TO PAY US VERY SOON BECAUSE THE WIGGLE ROOM IS CLOSING IN.
6-8-2015 Newshound Guru Aggiedad77 Article: "Abadi adviser calls for lowering and raising the dinar dollar sales for the launch of liquidity" Got to give credit where credit is due...Economic Advisor to PM Abadi, Dr. Saleh, understands what is going on with the IQD exchange rate...the problems no doubt are partly due to the sharp decline in oil prices over the past year...but on a more recent front the problems grew out of hand when the Finance Committee stuck Article 50 in the 2015 budget...limiting the sales of the CBI on a daily basis...Things spiraled out of hand from that point forward and have shown no real signs of recovery...give the CBI back their ability to manage this process....take the restraints away...which means removing Article 50 from the budget...this will bring about a balance in the currency sales that everyone is looking for...It will level out the supply and demand issues that run unchecked at the moment, much more demand than what can be supplied...Saleh believes this action will also lead to a renewed liquidity for Iraq...
6-8-2015 Intel/Newshound Guru Backdoc [Any guess IYO of course as to what the Dong would RV at?] I DO BUT ONLY MY OPINION AND EVERYONE HAS ONE SO IT MIGHT BE BEST TO KEEP THAT ONE TO MY SELF FOR NOW FRIEND. WILL IT BE A GOOD INVESTMENT? OH YA! IMO.
6-8-2015 Newshound Guru Kaperoni Article quotes: "Iraqi Prime Minister Haider al-Abadi was very frank in his Paris Conference final..." "therefore must be the vision of Iraq and priorities be present in any plan that takes into account the liberalization of Iraqi cities speed and not to prolong the war with "Daash" for many years ," Abadi wants this over with...so do I!
6-8-2015 Newshound Guru wmawhite [The way these guys like to talk it will be Christmas by the time they get that sorted out.] These laws are about the future..i.e. 6 months out, a year out, 5 years,tc. out. The CBI will introduce the IQD to the world based upon today's value, regardless of any laws.
6-8-2015 Newshound Guru Millionday AN OIL AND GAS AGREEMENT HAS BEEN MADE -- THE HCL IS NOT AGREED ON SO -- THEY HAVE STATED IN MANY REPORTS THEY WILL USE THE AGREEMENT AND START A NEW HCL IN ALL PARTS THEY DO NOT WANT. THEY DONT HAVE THE TIME LEFT TO WAIT FOR THE FORMAL HCL TO BE PUT IN PLACE... THEY ARE NOT WAITING FOR PARLIAMENT TO FINISH WITH HCL BEFORE MOVING FORWARD WITH THEIR ROLL IN THE GLOBAL PRICING IMPACT THE CAMPAIGN SHOULD RESULT IN...THEY ARE GOING BY THE OIL AGREEMENTS THEY MADE... 6-7-2015 Newshound Guru Aggiedad77 ...now the Finance Committee is claiming this "loan" from the IMF will only be used during an emergency...well...no money...austerity programs...fighting of DAASH...trying to get the banking system kick started again...just what exactly constitutes an emergency on their part. Frustrating...indeed and...the waters seem to be more murky lately. I still have faith that we will see this soon...but someone is sure trying to wet the blankets it seems...that would not be a bad thing if these wet blankets were going to be used to put fires out...then yes indeed we can still be close. My towel is far from being ready to be thrown in....optimism reigns here for I know the BEST is yet to come.
6-7-2015 Newshound Guru Kaperoni Article quote: "the new paper currency which is scheduled to put on the market next month will have an important role in reducing the demand for the dollar, and the high price of the Iraqi dinar to average." Makes sense since they are advertising the crap out of it. I have always said, why talk about something that is 6 months away? Also, [Guru] Enorrste stated...that these would come out sooner than later, with the float starting beginning of next year. We shall see...but this is encouraging since we know they plan to use this larger note to reduce the physical paper as a step prior to deletion of zeros.
6-7-2015 Newshound Guru MountainMan IMO...this is ALL Smoke and Mirrors to Derail Speculators...Yes History does REPEAT Itself! Hellooo KUWAIT! Could be "Elements" of Truth but C'mon Man HCL Frozen like the Movie ...Please save it for the Masses! These People Know exactly what they are doing and the SCRIPT at The END... Just Waitin in Line And YES I believe WE are Next on their "PUNCH LIST"! Hang on!
6-7-2015 Newshound Guru wmawhite ...time is not on their side...it makes it even more important for the CBI...not the GOI to move. Iraq can not accomplish anything without its own currency with value. Look at today...they are barely hanging on using the USD.
6-7-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Energy calls for the formation of a ministerial committee to draft new legislation for oil and gas law" Ok, I feel the need to call "uncle" here...how frustrating this has to appear to Iraqi citizens...watching their government on all fronts totally failing in this regard...oil and gas law that is...first attempt in 2007 then again in 2011...now here we sit in 2015 and all bets seem to sudden be off the table and the Oil Ministry is going to create a new committee to come up with a draft law...what the heck has been going on in the ministry for the past 10 months? This seems just crazy...they were allegedly drafting a new law last Fall, so what happened there...did it completely fall on its face...why...well put a time frame on this new committee to get something written.
6-7-2015 Newshound Guru sczin11 THESE ARE NOT ISSUES WE HAVE HEARD BEFORE...THESE ARE NOT DELETE THE ZEROES RHETORIC ...THESE ARE NOT UNIFICATION STORIES, OR WAR OR POLITICS...THESE ARE BANKING, FINANCIAL, ECONOMIC AND MONETARY EVENTS...THESE ARE THINGS THAT MAKE THE NEW IRAQI DINAR SO SPECIAL TO ME....AND OTHERS AS WELL! THIS IS WHY JP MORGAN/CHASE CAME INTO IRAQ IN 2003 AND STARTED THE TRADE BANK OF IRAQ, TBI...THIS IS WHY HALLIBURTON, EXXON MOBIL, SHELL, LUKE OIL, AND MANY OTHERS INCLUDING OIZZA HUT HAVE BEEN IN AND PLANNING AND WAITING, AT EXTREMELY HUGE COSTS TO THEM, I MIGHT ADD...AND HOW ABOUT THE NATIONS OF THE WORLD...WHY THE INTEREST? WHY THE INVESTMENT IN BOTH HARD COSTS, MONEY AND MORE IMPORTANT, I HOPE...LIVES! [post 2 of 2]
6-7-2015 Newshound Guru sczin11 IT IS COMING..WITH OR WITHOUT MALIKI. ...PLEASE REMEMBER THE SEPT 15 2015, DEADLINE, FOR USA IRS FOREIGN ACCOUNT REPORTING AGREEMENT, THAT IRAQ HAS ACKNOWLEDGED TO BE IN AGREEMENT ON, AND STATED WOULD BE PASSED ON TIME...WHY THE NECESSITY IF FOREIGN INVESTORS WONT BE THERE? I DONT MEAN TO SOUND "EBULLIENT [lively and enthusiastic]" BUT...TARIFFS IMPLEMENTED COUNTRYWIDE, AS DEMANDED BY THE COM THIS PAST TUESDAY, BY AUGUST 1, FOR THE FIRST TIME I MIGHT ADD, USA ACCOUNT REPORTING WITH SEPT 15 DEADLINE, AND BUDGET NEEDING TO BE OPENED, FUNDED, ACTIVATED, IN FULL, BEFORE THE YEAR IS OVER AND PROJECTED OIL PRICES AT ALMOST 50% MORE THAN USED IN BUDGET, BEFORE YEARS END... [post 1 of 2....stay tuned]
6-7-2015 Newshound Guru Millionday [Do we have a timetable to when they are going to be replacing the CBI governor?] AS WITH EVERYTHING ELSE THEY CALLED IT A HURRY --- SEEMS AS IT IS A PATTERN LATELY -- HURRY HURRY. [Could they be bringing Shabibi back since he is the Brains of this RV?] I HAVE HEARD RUMORS BUT NO INK ABOUT SHABIBI`S RETURN BUT --- WITH CHARGES NOT BEING AGAINST SHABIBI -- I DON'T KNOW OF ANYTHING BUT CHOICE THAT WOULD KEEP SHABIBI FROM BEING ASKED OR EVEN ACCEPTING -- I HAVE NO FACTS ON IT HAPPENING. [CAN THEY REVALUE WITH OUT A CBI GOV IN PLACE OR DO THEY HAVE TO VOTE ON A CBI GOVERNOR?] THE CBI GOV IS PLACED BY THE GOV (PRESIDENT) -- AND THE PROXY POWER HAS VARIED IN THE PAST AND I AM NOT SURE HOW MUCH POWER THIS ONE HAS RIGHT NOW WITH THIS REPORT COMING OUT.
6-7-2015 Intel Guru Delta URGENT FROM IRAQIA TV: IMF LOAN WILL BE ADDED AS A RESERVE OF THE CENTRAL BANK!!! [if the loan is going to the CBI, doesn't this mean that the GOI will not be able to use the loaned money as they need it? Is this forcing the GOI or the CBI to do something?] THE REASON THEY ARE TAKING THE LOAN IS FOR A CREDIT RATING, ALSO GOI NEED ABOUT $7 BILLION A MONTH . $800 M NO HELP FOR GOV, BUT FOR CBI ...YES. EXAMPLE: FOR CBI $800 MILLION WILL BACK 8,000,000,000 DINARS IN CIRCULATION IN CASE OF 1-1 RATE!
6-6-2015 Newshound/Intel Guru BGG [So at what point is the breaking point between liquidity and public unrest and RV?] No idea... but something is coming.
6-6-2015 Newshound Guru wmawhite What is the difference between a RV of the IQD at $1.00 and ISIL running around with boat loads of USD from the sale of black market oil? None. The CBI will not use ISIL as a reason to reprice or not reprice the IQD. ...understand that the change in the value of the IQD will ONLY be relevant OUTSIDE of Iraq.
6-6-2015 Newshound Guru Kaperoni Article quote: "Jabbar al-Abadi in a press statement transferred reporter (and the Iraqi News Agency Information / INA) , that "the central bank tends to issue currency worth 50 000 dinars and 100 thousand dinars and purpose to reduce the demand for the dollar and foreign currency because we observed a steady rise in the foreign exchange rates against the Iraqi dinar ". It seems very apparent that at least the 50k will come out..and possibly the 100k before end of year. It may even be sooner than that with the tariffs going into full effect August 1st. Like this man said..."which means the destruction of these two categories in the near future" which to me means these will be short lived in the market and the beginning of the delete zeros process.
6-6-2015 Newshound Guru Millionday Article quote: "Baghdad called for an economic advisor to the Prime Minister Haider al-Abadi, to install a governor formally the Central Bank, and stressed the need to be "financial policy maker" THEY ARE CALLING TO BRING IN THE PERMANENT CBI GOVERNOR -- WHOOPOW. THIS IS GREAT. SO THIS IS PLANNED TO BE RIGHT AROUND THE CORNER WITH ALL THE LAWS IN PLACE BY THE BANKING REFORM...LOVE IT AND CANT WAIT TO SEE WHO.
6-6-2015 Newshound Guru Aggiedad77 Article quote: "IMF announced on Friday the initial plan to provide assistance to Iraq worth $ 833 million consent, in order to cope with the economic fallout of the war against al-Daash Islamic state." [So does this loan from IMF mean to drag this out longer than originally planned?] ...this amount being indicated now that is allegedly coming from the IMF is the same amount I believe they claimed was coming last month...So if that is true it is my opinion the previous loan probably never happened and it is now being pursued again...if it materializes for the Iraqis will it slow the MR process down? I'm of the opinion that it should not...it is a loan of an emergency sort to take care of essentials in my opinion...while to us it sounds large, in all actuality it is but a drop in the bucket in their monthly scheme of things to do with finances. Keep in mind too, they don't have these funds in hand yet, so they could always say...thanks but no thanks and never take possession of the loan. Just my opinion on things.
6-6-2015 Newshound Guru Millionday Article quote: "The central bank issued a circular to all banks dealing with foreign remittances only in Iraqi dinars to keep hard currency and to support the Iraqi dinar exchange rate." [If Iraq is paying foreign bills in Dinar, doesn't that make their currency tradable, convertible, international?] IF THAT IS THE CASE ACCORDING TO GLOBAL ECONOMICS I AM FAMILIAR WITH...IT WOULD MAKE THEM INTERNATIONALLY ACCEPTED -- FINALLY.
6-6-2015 Newshound Guru wmawhite Article quote: "The central bank issued a circular to all banks dealing with foreign remittances only in Iraqi dinars to keep hard currency and to support the Iraqi dinar exchange rate." These are foreign remittances...these are bills from foreign customers...IMO. Presently those bills are paid with USD. The way this article reads these are not local citizens, but foreign customers. This is significant IMO because the banks are being told to pay their foreign bills with IQD...not with the USD. Could be very good news. 6-5-2015 *** Dinar Guru Newsflash *** Late Wednesday night the news came in that one of the currency dealers (Sterling) was visited by the local and national authorities earlier that afternoon. This is very shocking news...we still do not know the details or why they were visited just yet. Their site is still up and appears to be running but there is this message "We are not able to accept orders or payments at this time please check again later". We're hoping the group will make a statement soon so we all know what's going on. Stay tuned as this story unfolds. if you are not a dinarguru.com alert list yet now is a great time to do it...It's free as always and only takes 2 seconds... Click here to get on the list now. (the latest guru updates will continue below...) 6-5-2015 Newshound Guru Millionday [LOOKS LIKE THEY ARE MOVING TO AN EXCHANGE RATE OR AM I READING WRONG? DIFFERENT THAN 1166!] THEY HAVE STATED IN ORDERS THAT THIS MOVE IS TO SUPPORT THE IRAQI DINAR EXCHANGE RATE. THEY WILL BE ABLE TO WITHDRAW ONLY DINAR IF THEY PUT US DOLLAR THEY HAD -- ONLY DINARS WILL BE GIVEN BY THE BANKS FROM BANKING ACCOUNTS. THE RATE THAT THEY WILL BE USING WAS NOT RELEASED -- JUST THE ACTIVATION OF THE REGULATION THAT SHOULD BE IN PLACE ANYWAY -- BUT NOW IT IS FORMAL BANKING SERVICE... ALL PURCHASES AND DEALINGS OF ANY KIND ARE ALL STRICTLY IN IRAQI DINAR -- HUGE STEP FORWARD. [post 2 of 2]
6-5-2015 Newshound Guru Millionday Article quote: "Mohammed Saleh Economic Adviser to the Prime Minister Haider al-Abadi, Thursday, news of the issuance of mainstream banks to deal with the citizen dinar currency only, while noting that the central bank issued a circular on foreign remittances that are dealt in Iraqi dinars." HUGE NEWS -- INSTRUCTIONS HAVE BEEN GIVEN TO CITIZENS ON THE REMITTANCE SYSTEM AND ITS CHANGES IMPACTED ON THE IRAQI CURRENCY -- THE DINAR. THE REGULATIONS PUT IN PLACE SOME TIME AGO HAVE BEEN CHANGED TO CURRENT PRACTICE AND ISSUED TO IRAQI BANKS ACROSS THE NATION -- HUGE STEP IN BANKING REFORM AND OF COURSE THEIR ECONOMIC REFORM. [post 1 of 2....stay tuned]
6-5-2015 Newshound Guru Kaperoni [Where are they going to get the money to do their work?] they get money from selling oil for one thing. and exports are increasing daily...they also will get billions in private funds once they pass the laws for a market economy. [are you saying no rv till August?] i am saying there is no overnight RV...but we may see them begin to raise it gradually then. parliament is on vacation for a month. [No chance of an emergency meeting to push things through?] no...parliament has stated such before...emergency meetings...never once could they get enough to attend. ...no quorum. [how quickly do you think it will go up once they have it out?] no idea...but i hope fast. [post 2 of 2]
6-5-2015 Newshound Guru Kaperoni I am looking at August for interesting developments...the GOI is adamant about the tariffs in effect...no exceptions. [Is Iraq totally inept or are they being held back by someone on the RV process?] no they need to get the work done...though laws are not needed for a change in monetary policy, they are needed for investors to come in. And the sooner the laws are passed the sooner investors will come. And that is key to the success of the Iraqi economy which will drive the dinar exchange rate up! [post 1 of 2....stay tuned]
6-5-2015 Newshound Guru Breitling I have no fear of the currency revaluing…nothing's changed. If you look at what their plan was and what it is they're trying to do and why they had the currency priced at the rate that it is and that it's artificially manipulated nothing has changed. Not only that but the laws they are passing in parliament directly correlate on them adding value to the currency…I have not seen an indicator that would change the economic plans of Iraq. Nothing has surfaced, they are moving forward. The currency PM is moving the economy like a freight train. Their target rate is a dollar and their next target rate is 3 dollars.
6-5-2015 Intel Guru Mnt Goat All is excellent news and I can hardly believe what I am reading since much of what is happening now has been anticipated and long awaiting. We are getting yet closer to our final destination but the journey is bumpy... “some of the issues which is linked to the House of Representatives and the extent of the political blocs by the agreement, such as oil and gas laws and the Federal Court, arming and budget for regional National Guard.” an excellent article...it reinforces again the main holdup in getting the Erbil agreement completed. They are telling us that they are close...
6-5-2015 Intel/Newshound Guru tman23 LISTEN CAREFULLY... The military backed off in Ramadi and were accused of no will to fight... The airforce trainess in Jordan went on strike refusing to leave their barracks as pay was cut 80%... The ports where people collect their pay have equipment that is connecting to the bank but not getting a response ...so people ability to withdraw money is delayed or takes a few days... The Kurd region is upside down with it's economy...it has been at zero for 4 months and businesses going into bankruptcy...And now provinces are beginning to announce warnings of bankruptcy... Zebari is in Jordan for a loan for 827 million from the IMF... That doesn't even pay the Kurds DUES for the MONTH OF MAY... So with people losing the faith...Banks beginning to fail... And Abadi told the people to be patient till June... They are in serious financial dire straits... And Zebari said the crisis is over...Explain Please? They are going to open the new books July 1st...and how much we benefit remains to be seen...But end of June is the end of the road.
6-5-2015 Intel/Newshound Guru Backdoc [SO...There is still a chance for June for the RV or RI ? IYO] ANY TIME IS POSSIBLE! WE ALWAYS HAVE HOPE...WE SIMPLY WAIT OUR TURN IN THE WAITING LINE OF MONETARY REFORM! WE SEE THE EVIDENCE OF PROGRESS ALL AROUND US...SO TRY TO ENJOY THIS PROCESS AS WE SEE IT UNFOLD BEFORE OUR EYES!
6-5-2015 Intel Guru Bluwolf [via kogarris] The key to what is to transpired for the changes to humanity has been turned and the door is now finally opened, all things expected will march along without any restraints...values on bank screens are now evident, place holders aside, I guess after waiting for 7 years the time for prosperity and change is actually here. ...I have been silent till the time is right, but guess what now is that time to share this humble message.
6-5-2015 Intel/Newshound Guru tman23 We need the FED COURT ACT... We need to understand that as the Court sits now it can rule a final decision with no right for appeals by the regions or provinces. This law in limbo and the Court in it's current condition is "The Obstacle" to the investment law and the Kurds moving forward with the GOI... Jabouri heading out of Iraq ...We need to see what Baghdad pays the Kurd region and when Jabouri returns...Will they get a vote on the Fed Court Act... At this point...IMO...There are only 2 things we need to watch...Amount Kurds are paid...And the Fed Court Act Law.
6-5-2015 Newshound Guru Aggiedad77 Article: "Iraq's oil on the right track after year loss" I would change one word in this title and say "years of" loss instead of year loss...they talk down in the article of the issues that beset PM Abadi and his new government that put things into a downward spiral...the most daunting of which was the misdirection by former PM Maliki...who managed to run Iraq into the ground before they were kicked out of power...So since that time Abadi and crew has worked steadily to improve things...worked steadily swimming upstream against a flow of falling oil prices and liquidity issues...when you are left with weeds it can be difficult to get good crops to grow right off the bat...but they are working in the right direction.
6-5-2015 Newshound/Intel Guru BGG Article quote: "Called on the Economic Adviser to the Prime Minister Haider al-Abadi, on Wednesday, to install governor formally the Central Bank..." I don't see this as a guarantee Dr Shabibi comes back. In fact, while it is good news they want to install a legit (not proxy) CBI Gov...nowhere does it say it will be Dr Shabib. Further - if one understands the dynamic between Shabibi and Maliki - it is tough to imagine Shabibi will come back as long as Maliki has any sway whatsoever (according to my sources).
6-5-2015 Newshound Guru Adam Montana [I would appreciate your over view on the Middle East and how you believe the turmoil in the region might affect the potential revaluation of the IQD? Or does it?] Middle East: always has been and always will be chaos. This has not prevented high value currency in the past, and won't prevent it in the future. [At one time I believe you were of the belief that if there was a revaluation of the IQD that Iraq would be a fine place to invest. Do you still believe that?] Absolutely! Would I want to live there? NO! But is there money to be made there? YOU BET! 6-4-2015 Newshound Guru Aggiedad77 Article: "Fulfillment of customs tariffs in all border crossing points, without exception," According to the COM this week tariffs and taxes are coming...look for them on or around August 1...all ports and border crossings will be expected to comply...no exceptions...this is said to be in alignment with Article 33 of the 2015 budget...are we seeing more of the budget being opened here....potentially that all of it will be exposed...roughly 45 days until August 1...is that time enough to create "the event"...the BEST of things yet to come...it makes sense.
6-4-2015 Intel Guru SteveI Sterling Currency Group: Regardless what happened...this is a real investment with a very real currency. I do believe that once ISIS is under control, things will move much faster. It really does not take much for one to realize that Iraq as a country with the wealth and potential wealth and future investment, at some point in the near future, their currency has to be worth a lot more than what it is now or they will just fall apart and fail.
6-4-2015 Newshound Guru Adam Montana [We are about to head out on vacation. Should we take some dinar with us in case an RV happens while we are in another state? Or, in the event that an RV does (happily) occur should we just wait a few weeks till we're back home to cash in.] I wouldn't advise anyone to be more than a couple days away from their dinar.
6-4-2015 Newshound/Intel Guru BGG the two important factors (to Abadi) are value (which he desperately needs) and the Investment Law (which he promised to investors while here in the US). They appear to be moving right ahead on those - just not there yet...but nice to see their urgency on these "core value" issues. [Only thing I'm interested in right now is that elusive Tariff law.] It is fully passed - just not being implemented as yet... [HOW LONG DO YOU THINK ALL THIS CAN TAKE?] IMHO - they are in overtime already. My guess is - they thought they would come back from DC with all these commitments and they wouldn't have to do their part (Add value)... now they are starting to get the message - all the aid, commitments, loans, etc, come with strings attached. THEY MUST DO THEIR PART.
6-4-2015 Newshound Guru Aggiedad77 Article: "Council of Ministers directed to reduce working hours during Ramadan" Point to make here...notice the COM is saying that working hours may be REDUCED during Ramadan by ONE hour for ministries and departments where they are able to make this happen... they aren't saying to stop work altogether....for they recognize that many things are needing attention even as Ramadan is observed...work will not stop, nor will issues be set aside.
6-4-2015 Intel Guru Freeway Bill Please do not try to read any negative for you out of this Sterling raid. It has nothing to do with the blessing. This does not mean that the whole IQD thing is a scam. This is a totally unrelated issue. This information came to me this morning and I was asked to forward this to you by my most trusted and reliable sources...
6-4-20215 Newshound Guru Adam Montana This isn't about "Monday" or any other specific date. Iraq doesn't care about you, me, or anyone else...This is all about what Iraq stands to gain and what Iraq has to do in order to make it happen. As of this year, Kurdistan and Baghdad are skipping along hand in hand, in more harmony than we have EVER seen. Kurdistan is producing more oil every month, and Baghdad is dutifully sending them the money they deserve for it. This is getting us closer to an HCL every day. The GOI is in better shape than at ANY time in the last 7 or more years. With Maliki out of the big seat, Parliament has made more progress already this year than the entire last 5. I'm sorry it didn't happen last Tuesday like a few...promised... but I will not apologize for remaining positive here. [post 2 of 2]
6-4-2015 Newshound Guru Adam Montana [We heard months ago from Abadi that the "dinar value will change soon". That was back in April. Then they said by end of May...nothing going on. Now they say before Ramadan...? For as long as they have been working on this there seems to be just a "move it out"(date) mentality. We keep hearing there really isn't any thing else to do...but there seems to be a something "new" every day. What are you hearing from your contacts in Iraq. One could easily suspect this is a scam. They keep doing business with a "crap" currency.] I don't know what you mean by a "scam" - the dinar is a very real currency, and in my opinion it has a very real chance to make some very real gains. [post 1 of 2....stay tuned]
6-4-2015 Intel/Newshound Guru Poppy3 ...WITHOUT VALUE ADDED TO THE RATE THE TARIFF LAW BEING IMPLEMENTED WILL NOT RETURN ANYTHING IN A PROFIT COLUMN? EVEN TWO YEARS AGO DR SHABIBI STATED IT WOULD TAKE 3000 NEW TRAINED WORKERS TO START COLLECTING THE TARIFFS AND AT THE VALUE OF 1166 IT WOULDNT PAY FOR ITS SELF. I AM PLEASED THEY ARE ASKING FOR IT AND SAYING NOW IS THE TIME BECAUSE THAT TELLS ME THEY KNOW THE NEW RATE IS READY TO BE ANNOUNCED. TIME WILL TELL SOON.
6-4-2015 Newshound Guru BGG (IN REGARDS TO STERLING) I wanted to take a minute and bring some updates about the very serious situation I'm sure everyone is aware of... I am sure there are plenty of folks stirred up over it. Firstly, breathe... it is far too early to know all the details or all the ramifications. This is information it is impossible to know at this time. Rest assured - it is not about the core value of the investment...Again - THIS IS NOT ABOUT THE INVESTMENT... So before we jump to conclusions - let us watch, let things play out... As relevant details are available - we will bring them to you. Thanks all.
6-4-2015 Newshound Guru tlm724 Article: "Parliamentary Finance defends tariff and confirm it increases the purchasing power of the citizen" defends tariff and confirm it increases the purchasing power of the citizen *hallelujah* Quote: "starting from the first of August next revive the Iraqi economy and will increase the purchasing power of citizens." [Guru] BondLady had this figured years ago! She has always said they need to increase the purchasing power BEFORE taxes IHO... Quote: "the imposition of taxes will benefit everyone in general." the only way that will benefit the people is to give them the purchasing power to offset the burden of price increases!
6-4-2015 Newshound Guru Millionday Article quote: "The oil agreement between Baghdad and Erbil interim agreement until approval of oil and gas law, denying" the existence of a new agreement between the two parties" SO THE OIL AGREEMENT THEY HAVE MADE WILL SERVE UNTIL THE HCL IS LAW -- THIS WILL BE USED AND THIS IS GREAT NEWS. [Are you saying the oil agreement is just like they have the HCL in operation, until its officially passed....they can at least operate as if they have the HCL?] YES.
6-4-2015 Newshound/Intel Guru BGG [we going to see the 50k and 100k notes?] I doubt it even more now than before. CBI just got banks to agree to sell USD for 1193 (lowest number in a long, long time)...the last recorded auction was 289 mil... bigger than anything recent by 150 mil...so if they go along like this for a week or two (we'll have to see how sales go) they will pull TRILLIONS of Dinar from circulation without having to introduce any new notes...the main thing they were after - and they can just use USD to do it... get the Dinar off the street before they have to buy it back...which - if you think about it - they keep this up for a bit - it's a dead give-away. [hold off the RV while the CBI sells dollars to load up on Dinar - then RV and all that Dinar reserve shoots up in value overnight!] there you go.
6-4-2015 Newshound Guru Adam Montana I'm just as positive on this IQD thing as I ever have been. In fact, I'm less of a skeptic over the last 6 months than ever before, because Iraq IS making progress.
6-4-2015 Intel/Newshound Guru tman23 My opinion on the IQD REVALUATION...We are seeing fireworks now and will so as the week goes on...But when fireworks start there is a grand finale...It can end with a BANG or a sputter...But June is the end of the road! 6-3-2015 Intel/Newshound Guru Poppy3 heard THIS...TWO THINGS STATED ABOUT SECURITY THAT THE IRAQ ARMY WITH ASSISTANCE FROM MANY OUTSIDE FORCES HAVE RECOVERED STACKS OF FRAUD DINAR AND CONTINUE TO PUSH ISIS BACK...PROVING SECURITY IS MUCH STRONGER THAN THE MEDIA HAS BEEN REPORTING. ABADI ASKING FOR MORE INVOLVEMENT IN IRAQ TO RID THE COUNTRY OF ISIS ONCE AND FOR ALL COMPLETELY. SOUNDING GOOD TO ME...ALL THAT IS COMING FROM THE PARIS TALKS. OH 1 OTHER COMMENT WAS MADE ABOUT THE HCL BEING DISCUSSED AND THE 22 ATTENDING COUNTRY LEADERS PUSHED FOR COMPLETION AND AGREEMENTS TO BE FULFILLED BY ALL PARTIES INVOLVED. SOUNDING VERY PRODUCTIVE FOR SURE.
6-3-2015 Newshound Guru Millionday Article quote: "the Finance Committee met a few days ago with the Economic Commission to study the investment law being activated and carries financial side." Haider said that "the lack of activating the investment law because of obstacles in front of the Investment Authority," explaining that "those obstacles spurred Parliament to enact a law gives full freedom for investors from home and abroad." THEY ARE OBVIOUSLY IN A HURRY TO ACTIVATE THE INVESTMENT LAW -- HUGE NEWS. [Do we know when they are going to have this special Parliamentary session to vote on the laws?] NO -- THEY KEEP CHANGING DATE. [...it sounds like they may be in the final steps of the investment law, from the paragraph above. "to enact law gives full freedom for investors from home and abroad"...is this correct?] THATS HOW IT APPEARS TO ME TOO.
6-3-2015 Newshound Guru Breitling ...they are putting themselves out there and pushing out the competition. Iraq is trying to absorb the market by making it [oil] cheap. They are getting people used to doing business with Iraq. There is going to be domestic turmoil but from a global perspective 90% of their GDP is based on oil and they are about to spool it up. You can't get any better than that. What are we looking at? They are still reducing the note count. They are spooling up their oil so they can literally take over more of the market and they pass all the laws so that businesses that come in are recognized. That's the stuff we've been waiting on for a long long long time…again they are indicators. [Post 2 of 2]
6-3-2015 Intel Guru Mnt Goat Do they have to RV in order to pay them [citizens]? NO! I also believe, however, that paying out the HCL royalties to the citizens will also ignite the necessity for a full revaluation of the dinar to take place. It is not a matter of setting a date or time. Even the rate we thought we had nailed down but now we are seeing some changes too in this area that in fact is may come out very low as a reinstatement and then a revaluation later. We know each time we think we have a time period nailed down something changes or another condition is asked of Iraq... The RV is very close at hand we all know this. Be patient it is coming soon. ...there are so many signs now that very possibly we could be in a good window of opportunity to see this RV very, very soon if all goes to plan. [post 2 of 2]
6-3-2015 Intel Guru Mnt Goat Monthly HCL royalty $$ to citizens beginning now...Iraq plans to distribute oil revenue money to the citizens for the very first time as part of HCL implementation in June/July timeframe. The finance ministry has also told us that for the first time they are rolling out regularly scheduled payments an so there will be reliable, accurate, on time payments on time each month in the future. Why is this so important to us investors in the dinar looking for an RV? It is important not because so much of the fact they must RV prior to allowing them to make these payouts. But rather because it is the one remaining last part of the HCL that is needed and mandated by the USA and UN in agreement with Kurdistan and the GOI in the Erbil agreement of 2009. Erbil must be FULLY implemented prior to bringing back the IQD online...no full Erbil implementation, no RV. Not much left for Erbil to be done. [post 1 of 2....stay tuned]
6-3-2015 Intel Guru Frank26 There is a lot of things done with the GOI for the MR...laws are passed but what is the mother of all laws? The HCL...that is the last thing you will see because it has to do with the citizens. Laws are locked up inside the budget... once they open it those laws become active along with the HCL! There is a lot of legislative activity. It’s hammer-time in Iraq! Abadi is in charge! That’s why there is so much advancement in the MR. The GOI needs LIQUIDITY and the CBI is the only one who can give it to them. There isn’t anything left to check off the list... Are they going to go on vacation? No...because they are still working on the MR. Will they work in June and July. No...you can work during Ramadan but it’s not recommended. I don’t believe that we’ll see the IQD revalue before Ramadan. iTeam believes a 30% chance before Ramadan. They believe it may happen just before or after EID. July 17th...during EID is a great time for celebration in Iraq. [post 2 of 2]
6-3-2015 Intel Guru Frank26 [Guru] Top Shelf said that they have a PLAN! The Kurds are happy. They are changing the system... The timing of the MR coincides with the spreadsheet... VALUE ...ASSETS...are coming. So why don’t they show us the rate? Because they don’t have too. They are disclosing “changes” not rates for you to see. The evidence is not lacking. Nobody knows when this is going to happen. The ISX...jumped all over the place last month. It paid. This is unusual. I’ve already told you that the zeros are dropped...they’re just not showing it yet. Dropped 1st week in March – we told you that already...because they got the green-light. When they got the green-light...ran with it...it just wasn’t ready for our eyes to see it yet. [post 1 of 2....stay tuned]
6-3-2015 Newshound Guru sczin11 EVERYTHING, ALL BANKING MONETARY LAWS, AMENDMENTS, ARE DONE...AND ALL WE ARE WAITING FOR IS THE GOVERNOR TO BE NAMED, SO THAT THE CBI CAN "LEGALLY" APPROVE THE REFORMS? I WOULD HAVE TO SAY, IT APPEARS WE ARE SEEING THE FOUNDATION FOR A BIG ANNOUNCEMENT...ONE I CERTAINLY HAVE BEEN WAITING FOR, SINCE DECEMBER 22, 2014...REMEMBER, HE WROTE, DESIGNED, AND CHOREOGRAPHED THE PLAN...HE WORKS CLOSELY WITH THE IMF...THE PEOPLE OF IRAQ RESPECT AND ADMIRE HIM...DR. SINAN AL SHABIBI, IT IS YOUR TIME....SO, LET US HEAR FROM YOU NOW! [post 2 of 2]
6-3-2015 Newshound Guru sczin11 Article quote: "Saleh stressed the need to "install the Governor of the Bank formally," noting that "the international community address Iraq and constantly asking him to install the Governor of the Central Bank to be a financial and economic policy maker." LOOK AT THESE WORDS... INTERNATIONAL COMMUNITY... INSTALL THE GOVERNOR...TO BE A POLICY MAKER... Quote: "The Governor of the Central Bank of Iraq and the Agency on the Keywords revealed in (the first of December 2014), that the amendments to the Central Bank and banks laws, money laundering and reached the final stages, among the several meetings held with the Speaker of Parliament Saleem al-Jubouri for ratification soon, description the Board of Directors as "an internal committee need to be extended." NOW IS THIS SAYING, CONFIRMING WHAT WE HAVE THOUGHT, HOPED TO BE TRUE... [post 1 of 2....stay tuned]
6-3-2015 Newshound Guru Breitling They [Iraq] are spooling up their economy. They are letting everyone participate in Iraq. The momentum is moving forward. The pace is going a little faster and that's strange cause think about some of the turmoil that's going on. They're ignoring it. So what's the proof of what's going on? It has nothing to do with the situation going on inside of Iraq itself it has to do with competing on a global scale and there is only a certain window there. [Article: Iraq is taking OPEC's strategy of defending it's share of the global market to a new level. The nation plans to boost crude exports by about 26% to a record of 3.75 million barrels a day next month."] …they are going to flood the market with oil but… [Post 1 of 2 stay tuned for the rest of the story]
6-3-2015 Newshound Guru Millionday Article quote: "The Governor of the Central Bank on the Keywords and during his stay in the meetings of the Committee, revealed the existence of 66 trillion dinars assets in the Central Bank", noting that "this amount is good compared with the situation in Iraq current of lower oil prices and the war on terrorists Daash organization." ABADI IS HAPPY WITH THE CBI ASSETS. THEY HAVE MET THE AMOUNT THAT WAS WRITTEN IN THE PRINTED BUDGET WE READ --EXCELLENT.
6-3-2015 Newshound Guru Kaperoni [...when the CBI is in compliance, will they start the float or wait until the paper count drops to start the float?] Hard to tell...It appears that currency reform will happen prior to moving to Article VIII. That means compliance is not as important as we had once thought. So technically, it could happen at any time.
6-2-2015 Intel/Newshound Guru Poppy3 GETTING REPORTS ON THE MEETING IN PARIS. PROGRESS BEING MADE ON FORCES BEING PREPARED TO WIPE OUT ISIS WITHIN IRAQ...IT IS OBVIOUS ISIS WILL NOT AND IS NOT BEING ALLOWED TO EFFECT THE RV OR MOVEMENT FORWARD ON FINANCIAL REFORM.
6-2-2015 Newshound Guru Kaperoni Article quote: "Saleh also highlighted the lack of a relationship between the process of deleting the zeros and the rise of the dollar exchange rate, the fact that this operation "carried out at the exchange rate stability", ruling now be removed within a period close." So what we have here is Saleh is saying the deletion of zeros and the fall of the market rate (appreciation of the dollar) are two different issues... What I get from this is that they will not begin the deletion of zeros until the CBI gets control over market rate. Not necessarily that they need to get in compliance with Article VIII, but to demonstrate that they can at least hold the market rate within 2% as the IMF has always said. I think this is very positive in the sense that Saleh said that the..."deletion of zeros will take place where there is stability in the market." With the recent attempts by the CBI and private banks to reduce the spread, they may get it back in line within a month or so...and if Allaq can hold that stable thereafter, we may see it begin.
6-2-2015 Intel/Newshound Guru Poppy3 THEY'RE SIGNING PURCHASE CONTRACTS INTO THE BILLIONS SEEMS EVERYDAY FOR AIRCRAFT, AIRPORT CONSTRUCTION, WATER SYSTEMS, ELECTRIC GRID CONSTRUCTION ETC. ETC. THESE CANNOT BE FUNDED AT 1166 . HANG ON RICH FRIENDS THEY ARE RUNNING OUT OF TIME. CAN'T WAIT THAT LONG AND THEY SHOW THEY AREN'T WAITING THEY ARE MOVING FORWARD DAY BY DAY HOUR BY HOUR.
6-2-2015 Newshound Guru sczin11 Article quotes: "any determination of ceiling supply and compel the central bank do, would hurt the offer law and demand and lead to currency instability, and this applies to determine the central exhibit in the daily auction $ 75 million" "Shabibi and asserts that "the dollar when the central bank to leave does not finance commercial operations only, but also used to finance all international payments." DR SHABIBI IS ADMITTING TO THE WORLD, HE HAS BEEN WORKING BEHIND THE SCENES...I AM READING AND RE-READING THESE STATEMENTS...WOW!!! HE KNEW AND KNOWS ABOUT THE CAP IN BUDGET FOR THE AUCTIONS...DOESNT THE ABOVE MEAN...WHEN THEY LEAVE THE USE OF THE US DOLLAR...IN OTHER WORDS...WHEN THEY BEGIN TO USE THE IRAQI DINAR, IT WILL BE FOR COMMERCIAL USE...AND...ALL INTERNATIONAL PAYMENTS!
6-2-2015 Newshound Guru Breitling Do you have a bunch of 25K notes, 10K notes? I don't know. That's why I have insurance policies for what I don't know. With the dinar crowd the problem they are having is that they spent what extra money they had on the dinar and whatever they have that's it. You guys, you're fine, alright. You did what you could do and that's it. You don't need to worry about it. You don't need to diversify the notes you have. You don't need to sell the family car…you're fine. You're still in the same boat as everyone else. [Post 2 of 2]
6-2-2015 Newshound Guru wmawhite Folks, keep in mind that the CBI places and regulates the value of the IQD not the GOI, not the Parliament. Also, the oil is NOT sold by the CBI. It is sold by the Government of Iraq not the CBI nor the Parliament. Also, the reserves that the CBI has will be used to support the value of the IQD. The GOI and the Parliament will not support the value of the IQD. That is not their role...plus, they do not have any direct means to do so.
6-2-2015 Intel Guru TerryK ALOT GOING ON IN IRAQ...SOURCES TALKING TO ME LATE LAST NIGHT TELLING ME THIS IS SET TO GO AT ANYTIME... THREE DIFFERENT SOURCES. I HAVE A FEELING IRAQ IS WAITING UNTIL WE SEND TROOPS OVER...BECAUSE ISIS CONTROLS SOME OF THE CBI LOCATIONS. IRAQ DOES NOT WANT TO TURN ON CURRENCY AND GIVE THEM MORE POWER AND STRENGTH...INSTEAD OF BILLIONS THEY WOULD HAVE TRILLIONS...BUT WAS TOLD LAST NIGHT...THAT HAS NOTHING TO DO WITH THE RV OR RI.
6-2-2015 Intel/Newshound Guru tman23 The Kurds are dependent on oil sales and that revenue from receivables is delivered by Baghdad. Baghdad has failed to pay the Kurd region for 1 full year and in the past 7 months they have made payments ranging from 400 million dinar to 550 million dinar. The Kurds region government salaries are 900 million USD. That being said; The Kurds have endured 18 months of this BS and now they have over 1.8 million displaced people...And Baghdad has closed it's doors to any Sunni refuges entering. Kurds have been being financed by private sources to meet their obligations. Investors are by the groves with billions of investment dollars waiting on the sidelines. Kurds open their economy then they will not be dependent on Baghdad payments should they decide to stop them ANYTIME AGAIN! The Kurds have their own government, their own Parliament, their own military. They do not need Baghdad! Barzani is the PRESSURE on Baghdad.
6-2-2015 Newshound Guru wmawhite [how in the world are all these huge "deals" going down without "valuable currency"?... it's like so many "higher ups" have insight to MUCH more than we wee folks do...?] The vast majority of these huge deals have a date that they will be implement/executed on. So, yes I agree with you about "insight". [so are they "contingent" on an IQD "international value" per say?] I don't believe they are contingent...because they have decided upon doing the deal because they know it is coming. [ it doesn't make any sense unless there is "insider info.... SOLID info".] There is NO insider info about this. The entire world of international investment banks are aware of what will happen in Iraq.
6-2-2015 Newshound/Intel Guru Top Shelf I see progress being made in the monetary reform and the global events. They are not just “winging” this. They have a “plan” and they are not deviating from it...oil re-priced and it forced the economics for things to revalue. It’s been nice to see ...articles...that back-up what is actually happening. They are telling you what they are doing. Normally when they start showing things so blatant...things are very close. Things are working... they are doing it. We talked about the 50 dinar notes...There is no way they would take the 50 out IF they were not going to increase the value...it’s starting to make sense... why they are doing what they are doing. [DO YOU THINK WE WILL SEE BEFORE RAMADAN?] if I had any kind of intentions of doing business with Iraq...I would want to see that things are set in motion before Ramadan. You can’t put the MR on hold. The investors would lose confidence. If they are seriously not ready...it won’t.
6-2-2015 Newshound Guru Breitling I never suggested having one note over the other…sometimes it's not what we know, it's what we don't know and they were talking about retiring notes in different increments and at different values. So what did they do? They retired the 50 dinar note…Can I guarantee a rate? no I can't. Can I guarantee a time frame? no. But I know what's going on and there is only one person on this planet that told everybody that they were going to retire the notes at different increments and you need to watch your note count…you need to watch how many 25k notes you have so the next question is, So what's the secret? [Post 1 of 2 stay tuned]
6-2-2015 Newshound Guru Millionday [what do you think the cbi ...MIGHT.. be waiting on to push the button?] I HAVE NO IDEA AND DO NOT SEE A HOLD UP OR WAIT...THEY SEEM TO BE RIGHT ON TIME. [How can they continue to implement things without money?] THEY HAVE GOTTEN DEVELOPMENT GRANTS AND BANKS THEY ARE WORKING WITH AND ARE MOVING FORWARD WITH TOOLS -- JUST REMEMBER IT TOOK THE EXPERTS OF THE WORLD TO DEVELOP THIS PLAN AND WE ARE NOT THEM. [What part do some of the laws waiting to be passed play in all of this?] THEY ARE THE END OF THE DEMOCRATIC NEEDS FOR IRAQ AND THE REFORMS IMO. [What about HCL and 140 in your thoughts?] THEY WORKED WITH THE HEADS OF PROVINCE HEADS AND GOT LEADERS AND INVESTORS TO GET INPUT ...ACCORDING TO THEM THEY ARE CLOSE TO DONE WITH VOTE. [Do you think they would change value to relief inflation pressure... and then raise value from there?] I DONT KNOW...THAT DOES NOT MAKE SENSE TO ME THOUGH.
6-2-2015 Intel Guru Delta Iraq needs the money...the oil prices...fighting DAASH...a lot of money is being spent. They need to sell bonds...move forward...they can’t do anything. They need to change the rate. They got the green light...they have to keep moving. The rate must change before they can release the lower denoms. They need the money right now. [The NATIONAL GUARD Law ...IS THAT IMPORTANT do they need those laws to move forward?] No. They have the green light...they don’t need laws to RV. The CBI is independent. [ARE THE Qi CARDS SCANNING MACHINES IN THE MARKET PLACE?] the 1st generation machine are but the latest ones have not been activated yet. The system is hooked up...they’re just waiting for the new exchange rate. [DO YOU THINK WE WILL SEE BEFORE RAMADAN?] based on the info that they give us...all of the confirmations from bonds, Qi Cards, market economy...in my opinion...before Ramadan. It’s not a official holiday...business goes on as usual. The CBI can do whatever they want. We should see this before Ramadan...but I could be wrong. 6-1-2015 Intel/Newshound Guru Poppy3 all this talk of 2016 FOR THE RV APPEARS TO BE JUST BULL SOME ARE TRYING TO PROMOTE BUT IF YOU PAY ATTENTION TO THE NEWS FROM THE KEY LEADERS THEY ARE DEMANDING COMPLETION NOW! THEY HAVE STATED FINISH IN MAY NOT LATER AND THEY HAVE MISSED MAY BUT THEY HAVEN'T STOPPED PUSHING TO FINISH. THEY HAVE ALSO SAID TO THEIR PUBLIC SEVERAL TIMES BUYING POWER VALUE WILL BE IN JUNE AND ASK THE PEOPLE TO JUST GIVE THEM TILL JUNE. THEY ARE GOING TO GET US SOME MONEY SOON.
6-1-2015 Newshound Guru Millionday "...Iraq lacks the credit rating of the three global agencies, it speed up access to this category for the purpose of issuing foreign bonds fact that the tenure for rating supports its strength in international markets." THIS IS A HUGE REQUIREMENT THAT SHOWS US WHERE THEY ARE AND THE POSITION THEY ARE IN BANKING AND THE MARKET DUE TO THE RESULT BEING INTEREST RATES AND A REQUIREMENT OF THE WTO...THEIR GOAL IS TO GET THEIR CREDIT RATING -- THIS IS USED FOR THE COUNTRY`S INTEREST RATE FOR INTERNATIONAL AGREEMENTS -- AND ALL CREDIT PURPOSES. [...do we have to wait for their credit rating to be what it should be, before we see the rv?] THE CREDIT RATING IS IMPORTANT TO THEM AND THE VALUES OF CURRENCY IS AS WELL BUT THEY SHOULD "SHOW THEIR HAND" IMO IF THEY WANT THEIR CREDIT RATING.
6-1-2015 Newshound Guru sczin11 WHY HAS KURDISTAN BEEN SPENDING LOTS OF MONEY, IN START UP COSTS, EQUIPMENT, AND CONTINUED TO PAY SALARIES TO ITS EMPLOYEES, FOR THEIR OWN ESX STOCK EXCHANGE, FOR SO LONG? MOST EVENT CHANGES HAVE DOMINO EFFECTS ON MANY OTHER OCCURRENCES, THUS THE NEED FOR A METICULOUS, SYSTEMATIC PLAN...DELETE THE ZEROES, ISSUE 50K NOTES, RECALL 50 DINAR NOTES, ISSUE SMART CARDS FOR DISPLACED CITIZENS, FUND SMART CARDS FOR RETIREES, OR ISSUE NATIONAL CARDS FOR THE COUNTRY...WHO REALLY CARES...THE BOTTOM LINE IS...IRAQ IS OPEN FOR BUSINESS... IRAQ IS ENTERING THE GLOBAL MARKET... QATAR, SAUDIA ARABIA...WHO WOULD HAVE THOUGHT THEY WOULD COME BACK BEFORE PROVEN CHANGE IN IRAQ WAS EVIDENT? WELL, I GUESS THEY HAVE SEEN ENOUGH PROOF...I THINK I WILL, AS ALWAYS, RELY ON "FOLLOWING THE MONEY" as MY WAY OF STAYING FOCUSED, GROUNDED...IF IRAQ IS GOOD ENOUGH TO BE A PART OF BY SAUDIA ARABIA AND QATAR...IRAQ IS GOOD ENOUGH FOR ME TOO! [post 2 of 2]
6-1-2015 Newshound Guru sczin11 DOES ANYONE OUT THERE, WHO IS EMPLOYED BY OTHERS, BIG BUSINESS OR SMALL, PUBLIC OR PRIVATE SECTOR, REALLY ENJOY TAKING ORDERS FROM OTHERS? ...NO ONE WANTS TO TAKE ORDERS... NO ONE WANTS TO RELY ON OTHERS FOR SUPPORT... UNLESS ABSOLUTELY NO OTHER CHOICE...MONEY TALKS, AND... BS WALKS! IRAQ IS NO DIFFERENT...AS ONE OF THE WEALTHIEST NATIONS ON OUR GLOBE...IRAQ DEMANDS ITS SOVEREIGNTY, AND THE PRIDE IT HAS PAID FOR SO LONG TO RECLAIM... THE INVESTMENT DREAM OF THE FINANCIAL WORLD, WILL NOT, CAN NOT, ACCEPT ANYTHING LESS THEN PERFECTION...WILL THEY SHARE A PIPELINE OF OIL WITH A NEIGHBOR, AND HAVE THEIR CURRENCY WORTH ANYTHING LESS, THEN THAT NEIGHBOR? WILL THEY LEAD THEIR REGION IN OIL AND GAS EXPORTS AND EXCAVATION, AND BE AT THE BOTTOM IN TERMS OF CURRENCY WORTH? WILL THEY LURE FOREIGN INVESTMENT DOLLARS INTO THEIR COUNTRY, IF THEIR BANKING AND MONETARY REFORM IS NOT THE BEST? [post 1 of 2....stay tuned]
6-1-2015 Newshound Guru Aggiedad77 Article: "Governor of the Central Bank: Other banks will join for the adoption of a fixed selling price for the dollar" According to the CBI governor an additional 13 banks will begin selling dinars against the dollar in the exchange market...an attempt to match supply with demand...we shall see how this turns out for them in the coming weeks...the dollar exchange rate has meanwhile risen to 1260, highest in history...again demand far outreaching supply.
6-1-2015 Newshound/Intel Guru BGG [I see no RV until Iraq solves its Liguidity and Security Problems.] Iraq doesn't solve their liquidity problem until they RV... and security - well - it is the Middle East.
6-1-2015 Intel Guru TerryK ONE OF MY SOURCES CALLED THIS AM AND IS EXCITED...TALKING ABOUT THIS WEEKS ACTIVITIES AND HOW IRAQ IS ON THE LIST FOR HOT DISCUSSION TOMORROW IN THE BIG HOUSE. I THINK WE ARE ABOUT TO SEND OVER 100-250,000 TROOPS. IM NOT HAPPY ABOUT THAT BUT I THINK THAT’S WHAT NEEDS TO BE DONE TO STOMP OUT ISIS AND GET IRAQ WHERE SHE NEEDS TO BE SO OUR BLESSING WILL OCCUR. [do you think this will pause the release of the RV?] I DON’T THINK SO BUT I KNOW IT DOES NOT HELP WHEN ISIS CONTROLS A FEW CBI LOCATIONS SO I KNOW THERE IS A CONCERN ABOUT GIVING THEM MORE DINAR OR VALUED DINAR.
6-1-2015 Newshound Guru wmawhite Just a little point about the laws...the laws are about the future of Iraq...six months from today...a year, five years, etc...off into the future. The CBI deals with values of today. When the CBI introduces the IQD to the world currency markets it will reflect the value as of today...not a value based upon what laws were passed or not passed. Another point...and even [Guru] Kaperoni will speak about Dr. Shabbi ready to delete the zeros and begin the float back in 2012/13...right? Where were those laws that are so important and required for this? They did not exist because they are not required for the CBI to do their part.
6-1-2015 Newshound Guru Breitling They are going to put out larger notes 50's and 100's, I'll believe it when I see it. but what they are talking about makes sense…it's a different strategy…are you going to gain value in your currency? Absolutely. But it's going to be at a different pace. They are reducing the note count and they said it will not increase the money supply notes. To get to a dollar…the pace has changed. Once they hit that dollar they're going to hit the reset button and they're going to have a totally different economic plan that gets them to the $3 rate. And that's it.
6-1-2015 Newshound Guru Tlar One more thought. If the CBI is waiting on the security situation as so claimed, that is a big mistake in my opinion. First off the CBI and the government has issued cards to make government payroll. They are not sending cash into mosul or any city that is under the control of ISIS. If Iraq eventually runs ISIS out of the county, undoubtedly ISIS will take their spoils with them, especially cash. ISIS has to know that at some point Iraq will delete the zeros so even though it has been mostly USD they have stolen from the banks, they must have some dinar. That dinar is already lost or moved. The likelihood or repatriating it is as remote as getting the Iraqi oil they stole and sold out of of the country. Not changing the value of the currency as quickly as they can IMO, will cost them as a country more in the long run than if they change it now. It retards their economy and the economy is more important to get going than protecting any dinars they might loose from ISIS. So as an argument to hold the project up at this time IMO doesn't make sense to me. [post 2 of 2]
6-1-2015 Newshound Guru Tlar The reason the CBI is planning for a more valuable series of bank notes is because this will help solve the liquidity problem because as these notes are introduced, the hope is that they will temporarily reduce the need for higher note USD that is principally being sold at the auctions. The CBI is scrambling to fix the liquidity problem but that will take time. Money has to work its way into the economy. They can't just dump it in. Personally I think the program to produce these big notes is dead before it begins especially if it will take until 2016 to start to introduce them. Too little too late. They need to do something now and that something in my opinion is to get the RV into high gear now. We are starting to see articles from other economists that feel the same way. Introduce a smaller note with value. No good argument can be made for introducing a large note at this time. If someone is going to attempt to counterfeit a small note, surly they will also counterfeit a larger note with large value. Introducing a new note is still introducing a new note and counterfeiters are more likely to try to produce a big note. Personally I think it would make much more sense to just RV NOW, rather than wait until 2016 to introduce the large notes. I think that is what they will do. [post 1 of 2....stay tuned]
6-1-2015 Newshound Guru Kaperoni Article quote: "Said Governor of the Central Bank of Iraq...that early 2016 will see the issuance of new categories of paper currency is the dinar and 50 000 100 000 dinars, the Iraqi currency notes series." To me this means - that this step will be the beginning of the currency reform process that will occur in 2016. Well, if you believe what he is saying it looks like we wont see these larger notes till beginning 2016. That also means any further reform (deletion of zeros) apparently won't start until at least mid next year. They have waited years to return to prosperity and they are kicking the can down the road. I guess parliament has time now to pass those stalled laws. ...unfortuately this appears to be the decision. That being said...that decision has merit...as they will insert this step prior to the beginning of the delete zeros process to reduce the "flabby" money. As [Guru] Enorrste has stated, reducing the physical note count is real and as well, hopefully gets citizens off the dollar. If it works, it will certainly help them as they prepare to delete the zeros shortly thereafter.
6-1-2015 Intel Guru Mnt Goat "Ministry of Finance announced in the federal government, on Thursday, it will determine the amount you will send it to the Kurdistan Region next week, asserting that the provincial government had exported the largest amount of oil in favor of the federal government." The finance ministry has also told us that for the first time they are rolling out regularly scheduled payments and so there will be reliable, accurate, on time payments on time each month in the future. I can not tell you just how important this is to the people of Iraq! This is such good news! Talk about making the citizens happy! All of these items speak miles for us and our IQD investment. We have come, so it seems, like miles and miles down this RV road. But I believe we can see the end of the long tunnel now and we are crossing the bridge to see the final completion of the project to delete the zeros. The very last step to collect our dinar and pay us handsomely to get them. The RV is very close at hand and...there are so many signs now that very possibly we could be in a good window of opportunity to see this RV very soon if all goes to plan. [post 2 of 2]
6-1-2015 Intel Guru Mnt Goat Just in the recent days we read that one of the MPs from parliament are questioning the stalling of the opening of the 2015 budget. It is the month of May already and almost 4.5 months since they passed the budget. What we did not all know is that this article is telling us is why the budget is stalled. It also confirms to us that the budget HAS NOT BEEN OPENED...It appears...that an appeal was filed in the courts by the GOI and the CBI by Abadi to postpone the budget spending. They now claim this appeal was unconstitutional. But the really nice part of this article it was Abadi (with support from his cabinet and the CBI) who stopped it. Why then stop it? So this is confirming to us more and more that they are awaiting the completion of the currency reform to begin spending the large amounts of money on the government reconstruction. So just in the last few days the minister of finance has stated that the 2015 budget money is about to be disbursed to each of the provinces. This is WOW news IF THEY ACTUALLY DO IT! [post 1 of 2....stay tuned]
6-1-2015 Intel/Newshound Guru Poppy3 LIKE ABADI SAID THEY AREN'T GOING TO BREAK FOR ANY HOLIDAY TILL THEY COMPLETE THEIR JOB. IF YOU HAVE PAID ATTENTION FOR THE LAST 3 MONTHS AND LONGER ABADI FOR OUR PURPOSE HAS BEEN VERY TRUSTWORTHY. HE HAS BEEN LIKE DR SHABIBI WAS AND HAS NOT LIED TO US. HE ALSO HAS BEEN A WORKAHOLIC. YES SOME DEADLINES HE HAS SET HAVE PASSED BUT NOT BECAUSE OF HIM...HE HAS CONTINUED TO PUSH THEM AND PROMOTE FAVOR BETWEEN ALL TRIBES ETC. 5-31-2015 Newshound Guru Millionday "Rafidain Bank announced, on Saturday, the existence of an ongoing bilateral cooperation with the International Monetary Fund in the context of providing advice regarding the development of the work of banks in the country...the Rafidain Bank began advanced steps with regard to his bank to be parallel with his counterparts in the countries of the world." SO RAFIDAIN BANK HAS LAUNCHED INTERNATIONAL BANKING AND IMF IS THERE TO HELP WITH THIS HUGE STEP WE HAVE BEEN WAITING ON. [They have launched or are going to launch?] HAVE...IT HAS BEGUN. [is this the date we wait for?] NO WE ARE WAITING FOR THE RATE OF THE US DOLLAR TO CHANGE TO AN EXCHANGE RATE THAT WILL MAKE US A PROFIT. [...we may just be real close...?] I AGREE.
5-31-2015 Newshound Guru wmawhite IMO, this event is not date driven. The CBI will be introducing the IQD to the world currency markets. It will be leaving Iraq and operating among all the other currencies of the world. Holidays will not prevent it nor cause the IQD to show its true value. To believe that they are holding out is to say we know the date. IMO, they have informed their citizen numerous times to be prepared for have additional purchasing power... I sincerely believe this is our time...exact date...don't know...but I believe it could be any day.
5-31-2015 Newshound Guru Kaperoni It is hard to imagine under the current conditions (decisions of the CBI) that they would be exiting the peg and moving to the float exchange regime in the near future. They are still trying to solve the remittance issues, foreign currency sales, market rate spread, smuggling, money laundering, counterfeiting, etc. Monetary policy is not good right now and IMO not conducive to reform. It's almost like they are on a sailboat with torn sails and high winds trying to just hang on. The term "disorderly" is clearly apparent. With all that being said, there is a strong case for urgent reform and we will have to just wait and watch to find out. The 2015 IMF Article IV Consultation comes out mid to late July.
5-31-2015 Newshound Guru tlm724 Article: "Rafidain Bank is coordinating with the International Monetary Fund for the development of the banking business in the country" Rafidain Bank, announced a steady bilateral cooperation with the International Monetary Fund in the context of providing advice regarding the development of the work of banks in the country...now thats good news! Consulting with the IMF, again it's about time they listened! Rafidian Bank is actually growing and going global, all good signs for them and for us.
5-31-2015 Newshound/Intel Guru BGG [What's your thoughts for tomorrow?] I am as hopeful as everyone else - however, I'm not invested in any date over another. To me this is an investment - I'm glad I got in...that is my personal stance... I also am exactly what I have advised over and over - prepared.
5-31-2015 Newshound Guru Millionday [With Iraq and Kuwait sharing the same oil fields and the kuwaiti dinar at $3.30 would you say that it makes sense globally for the IQD to be at that same rate if not more?] THE INTERNATIONAL EQUATION INCLUDES MANY THINGS AND THEY COULD USE THE PEN FOR PRICING -- SO NO WAY TO GUESS BUT I WOULD NOT BE SHOCKED FOR THEM TO BE CLOSE IN VALUE BECAUSE HISTORY REPEATS ITSELF IMO AND IT DOES MAKE LOGICALLY SENSIBLE -- BUT I HAVE NO IDEA WHAT THE RATE WOULD BE.
5-31-2015 Intel Guru Jester [If we see an RV, will there be multiple currencies revalue at the same time? Of course, all currencies will revalue against the dinar if it revalues but, will some revalue on their own at the same time?] I DO NOT THINK THAT THERE WILL BE THAT SORT OF A SCENARIO... IN MY OPINION THE RESET IS NOT REALLY WORKING OUT TO BE THE FLIP THE SWITCH KIND OF THING THAT WAS PREVIOUSLY EXPECTED... THERE IS GOING TO BE A LOT OF ASSET VALUATION AND ADJUSTMENT GOING ON OVER SOME PERIOD OF TIME...
5-31-2015 Newshound Guru Millionday [For those among us who are new... "deleting the three zeros" has a somewhat scarey vibe to it. Is this phrase an indication of: (a) deleting the zeros in front of the 86 (b) retiring the large (000) notes from circulation? Or, (c) something else?] IT IS EXCHANGING THEM FOR THE CURRENCY YOU WANT TO USE IN YOUR COUNTRY FOR THE INTERNATIONAL VALUE THEY PUT OUT ON THE STOCK MARKET OR CBI-BANKS ETC -- WHEN THEY ENTER A MARKET ECONOMY. [post 2 of 2]
5-31-2015 Newshound Guru Millionday THEY FORMED A GROUP TO MONITOR THE MONETARY POLICY LAUNCH AND ECONOIC REFORM AS WELL... Article quote: "it is deleted three zeros from Almtadolh currency now put metal and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils)" THIS IS FROM LEADING ECONOMIST... HE IS ANNOUNCING THE NEW DENOMINATIONS THAT THEY WILL NEED TO USE. THE NEW CURRENCY THEY ARE TALKING ABOUT TO BE INTRODUCED NOW...ARE MUCH MORE SECURE THAN THOSE IN THE PAST AND THEY ARE SAYING MORE SECURE THAN OTHER COUNTRIES. [...is this new currency printed and ready to go...?] THEY HAVE CURRENCY PRINTED... [post 1 of 2....stay tuned]
5-31-2015 Intel/Newshound Guru Poppy3 ...LET ME SAY THAT ABADI, JABOURI AND THE TEMP CBI LEADER STATED TO THE ENTIRE PUBLIC OF IRAQ THEY WANTED FINANCIAL REFORM IN MAY WELL IT APPEARS THEY MAY HAVE MISSED THE DATE BUT ALSO THAT THEY AREN'T OR HAVENT MISSED IT BY MUCH AT ALL. THEY HAVENT ALLOWED A DAY OFF FOR ANY OF PARLIAMENT OR THE COMMITTEE'S IN OVER 3 MONTHS AND ARE STILL SAYING NO TIME OFF TILL THEIR JOB IS COMPLETE. ...NO ONE HERE KNOWS WHAT IS NEEDED BUT THEIR LEADERSHIP HAS THE COMPLETE CHECKLIST PROVIDED BY AND AGREED ON FROM THE IMF, WORLD BANK, UNITED NATIONS AND THEY KNOW AND WILL NOT STOP TILL THEY COMPLETE THE REQUIREMENTS. REMEMBER THEY NEED THIS AS BAD AS WE DO SO RELAX IT IS COMING FOR SURE. 5-30-2015 Newshound Guru Millionday "To / banks approved the exercise of all banking and money transfer companies approved all and mediate the sale and purchase of foreign currency approved all companies ( members of the Board of Directors and Director Commissioner ) " THIS...IS A DIRECT ORDER FROM CBI TO BANKS. [so does that mean immediate?] YES IT DOES NOT HAVE A HOLD OFF DATE -- IT IS A DIRECT ORDER. THINGS SURE LOOK EXCITING RIGHT NOW.
5-30-2015 Newshound Guru Breitling ...Obviously the 40 trillion in dinar in the money supply doesn't just count the notes. The money supply of the country has to do with their reserves, the dollars, all the bank notes they have from other countries, coins, gold, silver, the dinar itself, But we are concentrating on the dinar because all the other currency or the reserve or what wealth they have in Iraq that's what adds value to the currency. If you have 6 Billion notes and you reduce it down to 4 billion whatever was backing it up is backing up less and less notes so every note that's left on the market is gaining more and more value and that's the whole point. Don't get confused with the "amateur" bunch that they have 40 trillion dinar notes in the market because it doesn't say that…they never have. The articles says the country is suffering from a contraction in liquidity of both dinars and dollars and the VALUE of the money supply is less than 40 trillion dinars… [Post 2 of 2]
5-30-2015 Intel Guru Frank26 This is what has ALL our TEAMS excited Quote: "...according to the monetary banking law, has to be a return to basic sources which constitutes a strong factor in restoring confidence to our national currency..." According to LAWS! That are NOW in place with the GOICBI and her recaptured regional banks in Iraq...THEY HAVE TO LIFT THE DINAR'S THREE ZEROS from the IMF'S PROGRAM RATE because these LAWS are NOW demanding this step in the MR [Monetary Reform]. Along with THE GREEN LIGHT from THE IMF to do these LAWS and LIFT THE THREE ZEROS... Tomorrows CBI SS (Spread Sheet) will be in logarithmic growth.
5-30-2015 Newshound Guru sczin11 THE CHANGES WE SEEK MUST BE ON THE DOORSTEP NOW, OR THE RHETORIC WE READ WOULD NOT BE VISIBLE... YOU SEE IF THE CHANGES OCCUR BEFORE THE LAWS ARE IN PLACE, MANY OF THE BENEFITS WILL NOT BE REALIZED...FOR EXAMPLE, INVESTORS NEEDING AND DESIRING THE CHANGES IN THE INVESTMENT LAWS, MIGHT STILL DELAY THEIR MONEY FROM ENTERING THE IRAQI MARKET, EVEN IF THE CURRENCY CHANGED...BUT AGAIN, THAT DOES NOT MEAN WE CAN NOT SEE THE CHANGE FIRST...AS A MATTER OF FACT, CAN YOU IMAGINE THE PRESSURE IT WOULD PUT ON THE HOR, IF MR WAS COMPLETED, AND THE LAWS WERE NOT? WE ARE STARTING TO SEE TALK ABOUT FUNDING THE PRIVATE SECTOR...DO YOU UNDERSTAND WHAT THIS ENTAILS, AND MORE IMPORTANT, WHAT IT MEANS? LAST, HOW MUCH MORE PATIENCE WILL THE KURDS EXHIBIT...SALE OF OIL, AND ...THE ESX! THINK ABOUT IT. [post 2 of 2]
5-30-2015 Newshound Guru sczin11 DO WE REALLY NEED LAWS PASSED FOR COMPLETION OF MONETARY REFORM? IF SO, A FORMALITY FOR WHAT EVENT? ...NONE OF THE LAWS ARE DIRECTLY CONNECTED TO A SIGNIFICANT INCREASE IN THE EXCHANGE RATE OF THE NEW IRAQI DINAR...NONE OF THEM WILL ADD PURCHASING POWER TO THE IMPORTERS...NONE OF THEM WILL BUY MORE PRODUCT FOR THE CITIZEN, FOR LESS DINARS...NONE OF THEM WILL ELIMINATE THE COMMISSIONS AND EXCHANGE FEES FOR CONVERSION OF DINAR TO OTHER FOREIGN CURRENCIES...AND NONE OF THEM WILL INSTANTANEOUSLY MAKE THE IRAQI DINAR INTERNATIONALLY RECOGNIZED AND TRADABLE ON THE INTERNATIONAL MARKETS...IT IS MY SINCERE BELIEF THAT THE TIMING OF THEIR PLAN, HAS COME...IT HAS BEEN IN THE WORKS SINCE AROUND DAVOS MEETING IN JANUARY, WHEN ABADI STATED, "IRAQ IS OPEN FOR BUSINESS!" [post 1 of 2....stay tuned]
5-30-2015 Newshound/Intel Guru BGG [do you think parliment got enough done to have a currency change now or do they need more laws to go thru first...was wonderig since it looks like parliament is on vacation till July?] I do not believe anything needs to pass Parliament first - maybe the Investment Law shortly after - but that is it.
5-30-2015 Newshound Guru tlm724 Article quote: "For his part, President al-Jubouri announced the end of the legislative year, indicating that the first session today is the last session after the extension of the Legislative Council for the second semester for a month, confirming the validity of the Presidency of the Council to call a special meeting held in the event of the end of the discussions of the parliamentary blocs on important laws." on break for a month or UNTIL they call a special meeting held in the event of the end of the discussions of the parliamentary blocs on important laws.
5-30-2015 Newshound Guru Millionday Article quote: "the presidency is seeking to resolve the issue of the three pass important laws (the National Guard and the Federal Court and the parties) for a vote in agreement with the heads of parliamentary blocs." THEY PLAN TO VOTE IN NATIONAL GUARD -- PARTIES -- AND THE SO VERY IMPORTANT -- FEDERAL COURT ACT...TOMORROW [SATURDAY]. NOTE -- IN A HUGE RUSH TO GET THEM DONE. THEY MET YESTERDAY TO ENSURE THIS IS DONE QUICKLY SO THEY ARE GOING RIGHT TO VOTE. THEY SPENT YESTERDAY REMOVING ALL OBSTACLES IN THE WAY AND I BELIEVE THEY PASSED SOME LAWS YESTERDAY TOO -- EXPECTATION IS OVER 20...LAWS TO BE PASSED. THEY PLAN ON DOING ALL THE IMPORTANT LAWS TOMORROW [SATURDAY]...
5-30-2015 Newshound Guru Breitling [Article: In an important step to support the economy through monetary reform the central bank of Iraq plans to introduce bank notes with larger values than the ones in circulation…the market needs large value bank notes because dealing with the large blocks of money in Iraq is very difficult…this plan will reduce the amount of money especially large blocks and make up 90% of the money supply in circulation…the country is suffering from a contraction of liquidity in both dinar and dollars.] there are not enough dinars out there. Why? Because they have reduced the note count. There's not enough dollars out there. Why? Because they are sucking in the dollars to put in their reserves. Here's the part where people get confused every time…[Post 1 of 2 stay tuned for the rest of the story]
Read more: http://www.dinarguru.com/#ixzz3ct2pI2NN
6-11-2011 Newshound Guru sczin11 AT THIS TIME OF ALL THE RHETORIC OF ISSUING THE NEW NOTES, STABILIZING THE CURRENCY, REDUCING NOTE COUNTS, ALLOWING IMPORTERS TO SEND FOREIGN CURRENCY REMITTANCES TO PAY FOR GOODS THROUGH THE BANKS, MERGING RAFIDIAN AND RASHEED, HOR ON RECESS, RAMADAN COMING AROUND THE CORNER, ETC... WE HAVE THE FINANCE MINISTER SHOUTING OUT AT THE MAN WHO CAN CHANGE THE FINANCIAL STATURE OF THIS GREAT NATION, YELLING OBSCENITIES. WHO ARE WE TO BELIEVE IS ACTING IN THE BEST INTEREST OF THE POOR CITIZENS OF THIS LAND OF RICHES? WOULD IT BE THE HISTORIC ALY OF THE FORMER PRIME MINISTER, THE SELF SERVING MASTER OF COUNTRY DISASTER, OR WOULD IT BE THE MAN APPOINTED BY THE NEW REGIME, THE NEW IRAQ, THE ONE EMPOWERED BY THE BUDGET LAW, TO IMPLEMENT FINANCIAL REFORM, TO BRING IRAQ INTO THE OPEN GLOBAL MARKET ECONOMY? CHALIBI IS DOING HIS BEST TO FINISH THE INITIAL PLAN TO WHICH HE WAS APPOINTED...IMHO, IT IS HIS RESPONSIBILITY AND DESIRE, TO BRING BACK INTO THE PUBLIC EYE, DR. SINAN AL SHABIBI! [post 2 of 2]
6-11-2015 Newshound Guru sczin11 FLASHBACK...SEVERAL MONTHS BACK, CHALIBI, ACCUSED CBI ACTING GOVERNOR, OF HAVING FRAUDULENT/COUNTERFEIT EDUCATION CERTIFICATES, FOR BOTH HE AND HIS DAUGHTER, WHO SUPPOSEDLY IS EMPLOYED AT THE CBI AS WELL. THE ACCUSATIONS WERE IN INK, THE EVIDENCE TO PROVE, JUST IN THEORY...THAT BEING PART OF A STASH OF DOCS THAT DR. SHABIBI LEFT WITH, WHEN MALIKI WENT AFTER HIM...REMEMBER, CBI ACTING GOVERNOR, MOSHIN ISMAIL/ ALI ALAAQ, KEYWORDS... WAS PART OF THE MALIKI SUPPORT TEAM FOR YEARS...WHY NOW, AFTER SEVERAL MONTHS OF HEARING NOTHING FURTHER, AND MUCH RHETORIC OF ALL THAT KEYWORDS HAS BEEN DOING, PLAYING BALL SO TO SPEAK, ARE THESE STRONG ACCUSATIONS IN INK, TODAY, AGAIN WITH NO SUPPORTING EVIDENCE? REMEMBER, TOO, IN ORDER TO BRING DOWN THE CBI GOVERNOR, THERE MUST BE JUST CAUSE! WHAT IS CHALIBI TRYING TO ACCOMPLISH NOW? [post 1 of 2....stay tuned]
6-11-2015 Newshound Guru Millionday [I find this article's timing is interesting. The United States of America is the one behind the FBI investigation on Sterling and the complaint is now public record. Money Laundering is the offense.] I THINK THAT OUR PROTECTION IS OF THE UTMOST IMPORTANCE AND DONT KNOW ABOUT THE INVESTIGATION BUT AM GLAD THAT PROTECTION IS BEING ASKED FOR BECAUSE IT SHOWS THAT IRAQ IS AN ALLY BY HELPING IN GLOBAL PROTECTION AS WELL. [post 2 of 2]
6-11-2015 Newshound Guru Millionday Article quote: "Iraq asked the United States to help him in tracking money laundering and exit of foreign currency operations. A statement from the Ministry of Finance and received "The Minister Hoshyar Zebari asked the Assistant Secretary of the Treasury for combating the financing of terrorism and operations, US money laundering Daniel Glazer during his visit to Iraq to help his ministry to track money laundering and exit of hard currency out of the country to foreign banks' operations." OF COURSE THIS IS WONDERFUL NEWS DUE TO THE THREATS TO THE GLOBE AFTER 9/11-- THEY HAVE MADE MANY STEPS TO ENSURE THAT TERRORISM IS NOT FUNDED THROUGH MONEY LAUNDERING AND FRAUD TO PROTECT US ALL -- THEY HAVE ASKED THE UNITED STATES TO HELP TO MONITOR THAT NO MONEY IS BEING USED BY TERRORISTS SO THEY ARE DEPRIVED OF FUNDING. [post 1 of 2....stay tuned]
6-11-2015 Intel/Newshound Guru Poppy3 Iraqi Dinar Revaluation READ THIS AND REMEMBER OLD POPPY3 INFORMED YA'LL YEARS AGO THAT $4.3 TRILLION DINAR WAS DELIVERED TO THE UST ... DOESNT SOUND LIKE THEY NEVER PLANNED ON RV DOES IT.
6-11-2015 Newshound Guru Millionday Quote: "To / banks approved the exercise of all banking and financial companies approved the conversion of all ( Help sale and purchase of foreign currency) 10/06/2015" THIS IS A NEW ORDER SENT TO BANKS BY CBI...SO AS WE SEE THE APPROVAL HAS BEEN GIVEN TO BANKS TO CONVERT ALL FOREIGN CURRENCY -- THIS IS A NEW APPROVAL DATED TODAY [WEDNESDAY, 6-10-15].
6-11-2015 Newshound Guru sczin11 I AM NOT SAYING THERE WILL NOT BE OTHER AND FURTHER INVESTIGATIONS, BUT, THE FBI WOULD NOT TELEGRAPH THEIR HAND, IF OTHERS WERE INVOLVED IN THE IRAQI DINAR SCAM, WHERE REAL PEOPLE WERE BEING MANIPULATED IN THE WRONG WAY. INSIDER TRADING, PUMPING AND DUMPING, THE WOLF OF WALL STREET...THESE ARE EXAMPLES OF ILLEGAL BUSINESS PRACTICES... SCAMS! IRAQ AS A NATION WILL THRIVE...THE WORLD AS A WHOLE WILL BENEFIT FROM THEM...AND MOST IMPORTANT OF ALL, THE CITIZENS OF THAT WAR TORN, POVERTY STRICKEN COUNTRY, WILL SURVIVE AND PROSPER! [post 3 of 3]
6-11-2015 Newshound Guru sczin11 UNTIL SUCH A TIME, IF EVER, (never IMHO ) THE DINAR GETS PULLED OFF THE MARKET BY THE CBI, AND EITHER NEW NOTES ARE RELEASED, OR THEY GO TO ANOTHER CURRENCY FOR EVERYDAY USAGE, THE IRAQ DINAR IS REAL, AND IS NOT A SCAM, PERIOD! WHAT WILL HAPPEN TO THE EXCHANGE VALUE OF THE IRAQI DINAR, OVER TIME, HOW HIGH OR LOW, HOW FAST OR SLOW, THE PUMPING AND DUMPING, THE CONTINUOUS PREACHING OF INSIDER INFO...DECEPTIVE SELLING PRACTICES...THAT IS WHAT IS BEING QUESTIONED HERE, IMHO. IF THE DINAR WAS A SCAM, WOULDN'T ALL OF THE EXCHANGERS OFFERING DINAR, HAVE BEEN SHUT DOWN AT THIS POINT? [post 2 of 3....stay tuned]
6-11-2015 Newshound Guru sczin11 ...WITH REGARDS TO...THE 48 PAGE DOCUMENT OF CIVIL ACTION, WITH THE USA LOOKING FOR SEIZURE AND FORFEITURE OF THE ASSETS OF MANY PLAYERS AT STERLING CURRENCY GROUP, AND RELATED ENTERPRISES...AT THIS TIME, I DO NOT WANT TO GET TOO DETAILED WITH MY OPINIONS, RATHER JUST STATE FACTS THAT SHOULD PUT SOME MINDS AT EASE...AT THIS VERY MOMENT IN TIME, THE IRAQI DINAR, IS THE CURRENCY OF IRAQ... IT IS NOT A PIECE OF PAPER PRINTED ON A DESKTOP PRINTER... IT IS NO DIFFERENT THAN THE US DOLLAR IS TO US...IT HAS A VALUE, AND CAN BE BOUGHT AND SOLD AT CURRENT MARKET VALUES...THE DINAR AT THIS TIME, IS NOT INTERNATIONALLY RECOGNIZED BY ALL FINANCIAL INSTITUTIONS, THUS THE NEED TO FIND EXCHANGE DEALERS WHO DEAL WITH THIS CURRENCY...IT IS NOT A COLLECTIBLE, AS IT IS IN FACT, USED IN THE COUNTRY OF IRAQ...UNLIKE THE ZIMBABWEE DOLLAR, WHICH IS NOT USED ANY LONGER... [post 1 of 3....stay tuned]
6-11-2015 Intel/Newshound Guru Backdoc This is a matter of “WHEN”...not “IF” this is going to happen. The timing of the monetary reform...I believe...based on the knowledge I have...it will be before mid-July...The reason why I believe it will happen before mid-July is because without it the economic and financial situation (globally) will start to collapse and have significant problems. We are not the only ones feeling the pain. Ramadan being a holiday that is observed by the middle-eastern countries is important...but it doesn’t stop global commerce from happening. Ramadan is not holding this up.
6-11-2015 Newshound Guru Tlar They have a delete the zero program if they ever will want to institute it. We as individuals have to decide for ourselves whether we think the currency will go up or down. We are no different than any other currency speculator. Nothing you or I have done is illegal and the dinar is not a scam... We wait patiently for Iraq to fix itself and help its citizens in the hopes that we too may complete the dream that George Bush had for Iraq when he allowed us to individually invest in this currency. When the then seated President of the United States allowed us to buy a US Treasury OFAC listed currency from a country under Chapter VII sanctions , directly from the big banks here in the US. I bought alot from Chase and Bank of America. [post 2 of 2]
6-11-2015 Newshound Guru Tlar [Referencing Sterling Currency Court Document] The scam they are talking about is not the physical dinar itself but the system Sterling used to increase its sales. The governments wants this operation closed...This is a serious charge and will most likely be seen by the courts as a scam operation and will probably end up in seizure of the assets from this operation as the FBI wants. Personally as far as I am concerned I pay more attention to Iraq...It is Iraq's currency that we own. Iraq is a sovereign country and not part of the US. Ultimately Iraq will decide its own fate as to the value of their currency. Unless everything has changed, they have told us in the past that they want to add value and purchase power to their currency. [post 1 of 2....stay tuned]
6-11-2015 Newshound Guru Kaperoni [Referencing Sterling] I agree with [Guru Administrator] Bob and other posters or I would not have spent years of my life finding information on what Iraq is doing. I soundly believe that the dinar will rise in value as Investors/investment comes into Iraq. It hopefully will be as [Guru] Enorrste coined..."the wildwest of the middle east." It just is going to take time to create that environment so it can happen. This particular dinar dealer does not change that reality. [reference Administrator Bob's post 6-10-15]
6-11-2015 Newshound Guru Adam Montana [Any news on Sterling Group in Atlanta? If so...any effect on my dinars?] Lots of news, but the important thing for us is the second part of your question. There is nothing about the Sterling story that affects our dinars. 6-10-2015 Newshound/Intel Guru BGG [Referencing Sterling:] After reading some of this “Amended Complaint” I simply cannot believe it. We have (privately) long speculated something like this was going on, I even predicted this kind of action by the government going back over a year. I am still stunned at the depths of their LUNACY. I am mortified on behalf of consumers. However, I stop far short of calling the Iraqi Dinar “a scam”. There will be all manner of attempts to “connect” the currency (or investment) itself to the sphere of misdeeds...The two are completely separate...
6-10-2015 Newshound Guru Millionday THE IRAQI PARLIAMENT FINANCE COMMITTEE IS DEMANDING A DIFFERENT CBI GOVERNOR TO BE PUT IN PLACE. Quote: "He said Chalabi, should be the new governor of the Bank shall be an autonomous professional in this area and do not represent the party or political blocs." [who is this Chalabi...?] HE HAS HELD MANY POSITIONS IN IRAQ AND IS RESPECTED BY MANY -- HE HAS BEEN IN OIL AND FINANCE AND OTHER GOVERNMENT POSITIONS. HE SUPPORTS UNITY IN THEIR GOVERNMENT ACCORDING TO REPORTS I HAVE READ.
6-10-2015 Newshound Guru Administrator Bob Subject: "June 2015 Sterling complaint from the United States" The IMF documents I believe are the most factual information we have on the potential of this investment. [Gurus] Kap, Enorrste...have done a very good job explaining the process.
6-10-2015 Newshound Guru Adam Montana [...Week after week...You maintain the positivity even knowing that for a LOT of us it has become questionable at best. ...surely even you must realize that belief in this endeavor has waned enormously. Like many, good or bad, this investment is all we have. Yes, I know...never invest more than you can afford to lose, etc. It was a risk from the beginning, yada, yada, yada. Hasn't YOUR belief in it ever waned? Just a little? How to you maintain your upbeat attitude about this so-called r/v after all this time when we keep getting kicked in the teeth over and over and over?] I won't apologize for expressing my views. Iraq is moving in a positive direction, and I'm sticking with them until that changes. A few setbacks here and there is NOT a reason to "give up". If I had threw in the towel after my first few challenges in life, I would not have experienced any of my successes.
6-10-2015 Intel Guru Mnt Goat We also know the list of the critical laws needed to complete the Reconciliation effort. Once the Kurds get what they want they will return to parliament and the voting will take place on the other needed laws since most of them already have completed their readings, revisions, renegotiations and are ready for their final vote. Remember too they also want the National Guard and Amnesty bills. Jabouri is attempting to get all these laws passed quickly in a special session and in a “basket of laws”. He has already tried to set this up and failed once. Now a new plan and a new attempt at it. [post 2 of 2]
6-10-2015 Intel Guru Mnt Goat I have confirmed that the Kurds are in fact asking for a new HCL and their terms are not shocking and should be easily understood and agreed to by all, as most bills normally are even before they make it to parliament. The Kurds are asking for 26% not the 17% of oil revenues as there is so much unpaid shares remaining from the past 17%. They also want to be compensated for the effort with fighting ISIS DAASH since they have taken the lead to protect the oil fields since June of 2014. All other oil and gas laws will be null and void, as this new law states. [post 1 of 2....stay tuned]
6-10-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Finance demanding the ouster Governor of the Central Bank" This is some very serious allegations being made by the head of the Finance Committee...we've seen this from more than one source and have to believe at this point anyway that they are pushing for this ouster of the current governor of the CBI...although from all that has been made public thus far I do not see where their accusations can necessarily hold any water...The Finance Committee through Article 50 of the 2015 budget basically hamstrung the CBI with a limit of how much they can sell on any given day...well below the levels they had previously been selling...this fiasco started with the implementation of this restriction at the end of January this year...yet now the head of the Fin Comm wants the governor's head on a platter for what is going on...
6-10-2015 Newshound Guru Millionday [are remittances close to revalue?] THE REMITTANCE SYSTEM IS INCLUSIVE OF CURRENCY EXCHANGE BETWEEN COUNTRIES. [If remittance system is needed for a market economy is this then a move by the CBI to the market economy?] THE REMITTANCE SYSTEM IS WHAT THEY ARE USING FOR THE MARKET ECONOMY -- ECONOMICALLY -- IT IS PART OF THE BANKING REFORM THEY WORKED SO MUCH ON. SO OBVIOUSLY -- THE RATE OF EXCHANGE WOULD BE NEEDED FOR THIS PROCESS NO MATTER WHAT IT IS -- IT IS REPRESENTED BY THE ORDERED INTERNATIONAL EQUATION. 6-9-2015 Newshound Guru Aggiedad77 ...Frank [Guru Frank26]...called me...I'm not sure I have heard Frank as excited as he was...something BIG is up with the MR [Monetary Reform] it sounds like...my take from this is that...the news hounds need to be on the alert for anything relating to the MR process over the next 6 hours or so...not sure what we are expecting...but IMO it can't be anything but good...thinking we should hear more tomorrow.
6-9-2015 Newshound Guru Millionday Article quote: "Ministry of Commerce announced, Monday, that Iraq will participate in the work of the International Economic Forum to be held in St. Petersburg in Russia for the period from 18-20 of this month." IN A WEEK AND A HALF IRAQ WILL BE AT THE INTERNATIONAL ECONOMIC FORUM...THE PAPER TO BE PRESENTED ABOUT IRAQ GLOBALLY IS ECONOMIC AND TRADE... AND A HUGE SIGN COMING FROM IRAQ`S DEPARTMENT OF COMMERCE THAT IRAQ IS READY FOR TRADE GLOBALLY -- DUE TO DEFINING COMMERCE...THIS IS THE FIRST TIME I HAVE SEEN A GLOBAL ANNOUNCEMENT FROM THE DEPARTMENT OF COMMERCE.
6-9-2015 Newshound Guru Aggiedad77 [If as (Guru) Delta says could add value this month ... With Ramadan commencing on June 17 if it has not happened before then can it happen during Ramadan?] In my opinion...given what Delta is saying...yes it could happen even after Ramadan starts...their government does not shut down entirely for Ramadan...things still run, businesses still open...PM Abadi and Dr. S [Shabibi] will continue to function so yes this could happen either before Ramadan or even after it commences...again IMO...but the sooner the better again...IMO.
6-9-2015 Intel/Newshound Guru tman23 Here is what we have... The Kurds getting set for OUTSIDE FOREIGN LOANS...up to 5 billion usd... Abadi sending a letter to the Kurds to try and calm things down (no personal visit and no Kurd visit to Baghdad?)... Massum to mediate and Terhan to meet to talk about Kurd Independence... I would like to know what is in the letter from Abadi to Barzani... anything short of we are going to be able to pay you in full come July 1.2 billion (and not IQD valued at 1166)...We are going to revalue the currency...I just can't tell you...All we can do is wait the next 3 weeks out and see how they move.
6-9-2015 Intel Guru Mnt Goat The upcoming RV Process: I have had a recent talk with my CBI contact in Baghdad. The conversation was long and once again the process about to take place was described to me. This is what I was told: The CBI would begin the distribution of the new lower denominations along with the newer 50k and 100k coins. These larger notes (coins) are not to go out to the general public on the streets but rather are only to be used for inter-banking, international business, large commerce and very large amounts of cash transfers. Once distribution begins we will then see a .90 cent international rate. This low rate is to relieve pressure from inflation and to make the transition to a global currency. It will not last long (maybe a week at most) then they plan to conduct a full revaluation and adjust the rate to align with surrounding middle eastern countries. They would not tell me the rate but my guess is it will come out somewhere around $4.00 +.
6-9-2015 Newshound Guru sczin11 IT STARTED IN DAVOS, WHEN PM ABADI STATED "IRAQ IS OPEN FOR BUSINESS!" IT HAS CONTINUED WITH MANY OTHER STEPS...AND AS WITH ANY BUSINESS PLAN, IN ALL SECTORS OF INDUSTRY, THERE ARE CRUCIAL STEPS TO SUCCESS...THE MOST IMPORTANT DIVISION OF A SUCCESSFUL ENTERPRISE, IS THEIR SALES AND MARKETING DEPARTMENTS... HUNDREDS OF BILLIONS OF DOLLARS WAIT IN AND OUT OF THE COUNTRY OF IRAQ TO EXPLODE INTO THE ECONOMY...INCONCEIVABLE TO IMAGINE THE POVERTY THAT DOES EXIST...THE THRUST OF THE DOLLARS IS COMING...THE INVESTMENTS ARE ON THEIR WAY...IF THE COUNTRY OF IRAQ IS GOOD ENOUGH FOR THE IMF, THEN CERTAINLY IT IS GOOD ENOUGH FOR THE REST OF THE WORLD! [post 2 of 2]
6-9-2015 Newshound Guru sczin11 The Plan Continues... Article: "The prime minister for economic affairs adviser appearance of Mohammed Saleh, Tuesday, to lend the amount of $ 833 million for the International Fund for Iraq have positive signs and encourage donors and the international community to deal with Iraq." LAST WEEK WHEN THE RELEASE FROM THE IMF APPEARED TO THE PUBLIC, REGARDING THE $833 MILLION DOLLAR LOAN, THE VAST MAJORITY LOOKED AT IT, AND TOOK A BREATH OF FRESH AIR, IRAQI LIQUIDITY ISSUES ARE TAKEN CARE OF AGAIN, AT LEAST TEMPORARILY.... FOLKS, ASIDE FROM THE CONFLICTING WORDS IN THE RELEASE, THE SEEMINGLY AMBIGUOUS ANSWER TO ALL THE RHETORIC WE HAVE READ, WAS MERE POCKET CHANGE, IN RELATION TO THE NEEDS WE KNOW OF... BUT YOU SEE, THE PLAN...WELL DESIGNED, METICULOUS, AND COVERING ALL ASPECTS OF BUSINESS, CONTINUES... [post 1 of 2....stay tuned]
6-9-2015 Intel Guru Delta URGENT FROM IRAQIA TV: THE NEW PAPER CURRENCY IS SCHEDULED TO PUT ON THE MARKET NEXT MONTH. IT WILL REDUCE THE DEMAND FOR THE DOLLAR AND RAISE THE VALUE OF DINAR! [...sometimes when they say "next month" it means this month. I there a possibility that they could do it this month?] YES VALUE WILL COME FIRST AND VERY HIGH POSSIBILITY THIS MONTH, AND THEN GET NEW NOTE NEXT MONTH.
6-9-2015 Intel Guru Mnt Goat Article quote: "House of Representatives ended the second legislative term, putting on a shelf commentary important laws package included "paper political agreement" that emerged by the Government Abadi." This past weekend out popped an article...It is one of those articles telling us so much. It also emphasizes once again what is the hold up is. It sums up much of the current events in the handling of these much needed laws in the Reconciliation process. Remember these are just not “nice to have” laws, but laws that were part of the agreement to allow Abadi and his government to begin the formation and to complete the government. Thus the government is NOT FULLY FORMED until each of these laws are passed and enacted. In 2009-10 they called it the Erbil or Arbil agreement. The Needed Laws? National Guard law; Federal Court law; Parties law; Oil and Gas law (this may hold up royalty payments if not passed?); Amnesty (mentioned in another article); Federation Council law. So I do not see any real progress being made towards seeing an RV until early July when the legislature comes back from recess.
6-9-2015 Newshound Guru Millionday [Do you think the reason Kurdistan hasn't been paid of their share of the oil revenue is because Baghdad doesn't have the money fully to pay them and they are waiting for the revaluation of the currency for additional funding? Iraq can't go to global economy without internationally traded currency.] STICKING TO THE AGREEMENT WITH FEDS AND KURDISTAN HAD SO MANY RESOLVES INVOLVED I WAS NOT NOR WAS MANY SURE WHY THEY WOULD NOT STICK TO THE AGREEMENT -- THE PROGRESS LOOKS AS IF IT IS ABADI AND HIS GREAT WORKS FOR ALL PEOPLE -- SO MANY REASONS THIS AGREEMENT SHOULD STICK BUT YES MONEY IS A HUGE ONE. THEY AS A NATION WANT TO MOVE FORWARD - PER THE REFORMS THEY ARE SO EXCITED ABOUT AND THE OPPORTUNITY -- HUGE. 6-8-2015 Intel/Newshound Guru Poppy3 IF IT WAS A GOOD INVESTMENT 3 YEARS AGO OR 12 YRS AGO IT IS A GREATER INVESTMENT TODAY THAN EVER BEFORE .
6-8-2015 Newshound Guru Millionday [could this 82nd airborne deploying to Iraq in June and also now Obama is saying Iraq is gaining security could be the trigger for RV?] IT SEEMS TO BE THE ABILITY TO HAVE A MARKET ECONOMY -- THEY SEEM TO BE ANNOUNCING STABILITY AND SAFETY -- PROTECTION ETC.
6-8-2015 Newshound Guru Tlar The CBI who is responsible for monetary policy and circulating currency which is a function of liquidity, decided they had to temporarily introduce a new note with value in the hopes that it would at least alter the needs of the market and reduce the amount of USD being sold at auction. In other words the purpose of these notes is to hopefully temporarily satisfy the overage above 75 million needed each day in the market so they could adhere to the cap. Parliament then loosened the cap until the CBI could get these notes out. The other reason they want to introduce these notes is to get the Iraqi's used to using the dinar again. These high value notes will be sold at auction and will undoubtedly be part or all of the 5 trillion in loans that the CBI is scheduled to loan the banks. This will be the way these high value notes are introduced to the market. Their intention is not to replace USD nor is it their intention to trade for other three zero notes. The intention is to quickly raise liquidity only. These notes will not slow the delete the zero program down as they themselves have told us. They are the precursor to the delete the zero program...opinion only. [post 2 of 2]
6-8-2015 Newshound Guru Tlar This is a fluid situation and it can and has changed direction on a dime many times based on what recently happened on the ground. So I advise you to understand that what I believe is going on, may or may not be actually as I see it. First, I believe the CBI when they state shortly they will introduce the 50 and 100 thousand notes. I think this is a necessary temporary fix to a problem that showed up earlier. The temporary problem was and is, LIQUIDITY. Liquidity is best resolved on by the loosening currency to the streets. The best way to do this is to get cash to the banks and have them start making loans to businesses and individuals as we all know. The other way to resolve the liquidity problem is to continue the auctions selling USD at a level that would meet the needs of the public as they come into the banks. But to continue doing so would reduce the reserves as they are drained off to supply both the currency needs sold at auction and meeting balance of payments. All balance of payments (remittances) have to be done in USD because the dinar is not yet a tradable currency. This was exactly what we saw starting to happen at the CBI. [post 1 of 2....stay tuned]
6-8-2015 Newshound Guru tlm724 Article: "Parliament calling on the government to freeze the "oil and gas law," and proceeds to have a new draft" I was asked this question: Think we need this done prior? This is more important for the people of Iraq, the citizens deserve their fair share of the oil profits! Does this reflect our investment one way or the other? I say nope. I am sure the CBI would like to see the stability and unity that will go along with the law but it is NOT necessary IMO to continue forward with the currency reform. Besides, WHEN the Kurds and Baghdad actually execute their oil agreement it will cover all that is needed as far as the gas and oil export etc... for the short term.
6-8-2015 Newshound/Intel Guru BGG I have said - for sometime - it is not impossible for me to envision Iraq get things under way (fiscally) as a much needed stop-gap budget solution...and quite honestly - I may or may not be right about that - but at this point, it's looking more and more like this may be what they are faced with.
6-8-2015 Intel/Newshound Guru Poppy3 ...we HAVE ABADI COVERING THE WORLD FROM USA, FRANCE, GERMANY ETC BEGGING FOR FUNDS. WE HAVE PENDING LOANS THAT THEY CAN'T DRAW ON TILL THEY HAVE A CREDIT RATING THAT THEY CAN'T GET TILL THEY HAVE VALUE ON THEIR CURRENCY HIGHER THAN TOILET PAPER? THEN WE HAVE AGREEMENTS FROM 8 COUNTRIES TO HELP PROTECT THEM, WE HAVE DEADLINES PENDING EVERY FEW DAYS...THEY HAVE SIGNED CONTRACTS INTO BILLIONS WITH NO MONEY TO GET THEM IMPLEMENTED, THEY WANT AND HAVE A TIME TABLE TO IMPLEMENT THE TARIFF LAWS AND NO 3000 NEW EMPLOYEES TO IMPLEMENT THAT WON'T PAY FOR ITSELF AT 1166... THIS IS REALLY GETTING TO BE FUNNY IN MANY WAYS AS THEY ARE AND HAVE PAINTED THEMSELVES INTO THE CORNER OF A LARGE ROOM. I THINK THEY HAVE TO PAY US VERY SOON BECAUSE THE WIGGLE ROOM IS CLOSING IN.
6-8-2015 Newshound Guru Aggiedad77 Article: "Abadi adviser calls for lowering and raising the dinar dollar sales for the launch of liquidity" Got to give credit where credit is due...Economic Advisor to PM Abadi, Dr. Saleh, understands what is going on with the IQD exchange rate...the problems no doubt are partly due to the sharp decline in oil prices over the past year...but on a more recent front the problems grew out of hand when the Finance Committee stuck Article 50 in the 2015 budget...limiting the sales of the CBI on a daily basis...Things spiraled out of hand from that point forward and have shown no real signs of recovery...give the CBI back their ability to manage this process....take the restraints away...which means removing Article 50 from the budget...this will bring about a balance in the currency sales that everyone is looking for...It will level out the supply and demand issues that run unchecked at the moment, much more demand than what can be supplied...Saleh believes this action will also lead to a renewed liquidity for Iraq...
6-8-2015 Intel/Newshound Guru Backdoc [Any guess IYO of course as to what the Dong would RV at?] I DO BUT ONLY MY OPINION AND EVERYONE HAS ONE SO IT MIGHT BE BEST TO KEEP THAT ONE TO MY SELF FOR NOW FRIEND. WILL IT BE A GOOD INVESTMENT? OH YA! IMO.
6-8-2015 Newshound Guru Kaperoni Article quotes: "Iraqi Prime Minister Haider al-Abadi was very frank in his Paris Conference final..." "therefore must be the vision of Iraq and priorities be present in any plan that takes into account the liberalization of Iraqi cities speed and not to prolong the war with "Daash" for many years ," Abadi wants this over with...so do I!
6-8-2015 Newshound Guru wmawhite [The way these guys like to talk it will be Christmas by the time they get that sorted out.] These laws are about the future..i.e. 6 months out, a year out, 5 years,tc. out. The CBI will introduce the IQD to the world based upon today's value, regardless of any laws.
6-8-2015 Newshound Guru Millionday AN OIL AND GAS AGREEMENT HAS BEEN MADE -- THE HCL IS NOT AGREED ON SO -- THEY HAVE STATED IN MANY REPORTS THEY WILL USE THE AGREEMENT AND START A NEW HCL IN ALL PARTS THEY DO NOT WANT. THEY DONT HAVE THE TIME LEFT TO WAIT FOR THE FORMAL HCL TO BE PUT IN PLACE... THEY ARE NOT WAITING FOR PARLIAMENT TO FINISH WITH HCL BEFORE MOVING FORWARD WITH THEIR ROLL IN THE GLOBAL PRICING IMPACT THE CAMPAIGN SHOULD RESULT IN...THEY ARE GOING BY THE OIL AGREEMENTS THEY MADE... 6-7-2015 Newshound Guru Aggiedad77 ...now the Finance Committee is claiming this "loan" from the IMF will only be used during an emergency...well...no money...austerity programs...fighting of DAASH...trying to get the banking system kick started again...just what exactly constitutes an emergency on their part. Frustrating...indeed and...the waters seem to be more murky lately. I still have faith that we will see this soon...but someone is sure trying to wet the blankets it seems...that would not be a bad thing if these wet blankets were going to be used to put fires out...then yes indeed we can still be close. My towel is far from being ready to be thrown in....optimism reigns here for I know the BEST is yet to come.
6-7-2015 Newshound Guru Kaperoni Article quote: "the new paper currency which is scheduled to put on the market next month will have an important role in reducing the demand for the dollar, and the high price of the Iraqi dinar to average." Makes sense since they are advertising the crap out of it. I have always said, why talk about something that is 6 months away? Also, [Guru] Enorrste stated...that these would come out sooner than later, with the float starting beginning of next year. We shall see...but this is encouraging since we know they plan to use this larger note to reduce the physical paper as a step prior to deletion of zeros.
6-7-2015 Newshound Guru MountainMan IMO...this is ALL Smoke and Mirrors to Derail Speculators...Yes History does REPEAT Itself! Hellooo KUWAIT! Could be "Elements" of Truth but C'mon Man HCL Frozen like the Movie ...Please save it for the Masses! These People Know exactly what they are doing and the SCRIPT at The END... Just Waitin in Line And YES I believe WE are Next on their "PUNCH LIST"! Hang on!
6-7-2015 Newshound Guru wmawhite ...time is not on their side...it makes it even more important for the CBI...not the GOI to move. Iraq can not accomplish anything without its own currency with value. Look at today...they are barely hanging on using the USD.
6-7-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Energy calls for the formation of a ministerial committee to draft new legislation for oil and gas law" Ok, I feel the need to call "uncle" here...how frustrating this has to appear to Iraqi citizens...watching their government on all fronts totally failing in this regard...oil and gas law that is...first attempt in 2007 then again in 2011...now here we sit in 2015 and all bets seem to sudden be off the table and the Oil Ministry is going to create a new committee to come up with a draft law...what the heck has been going on in the ministry for the past 10 months? This seems just crazy...they were allegedly drafting a new law last Fall, so what happened there...did it completely fall on its face...why...well put a time frame on this new committee to get something written.
6-7-2015 Newshound Guru sczin11 THESE ARE NOT ISSUES WE HAVE HEARD BEFORE...THESE ARE NOT DELETE THE ZEROES RHETORIC ...THESE ARE NOT UNIFICATION STORIES, OR WAR OR POLITICS...THESE ARE BANKING, FINANCIAL, ECONOMIC AND MONETARY EVENTS...THESE ARE THINGS THAT MAKE THE NEW IRAQI DINAR SO SPECIAL TO ME....AND OTHERS AS WELL! THIS IS WHY JP MORGAN/CHASE CAME INTO IRAQ IN 2003 AND STARTED THE TRADE BANK OF IRAQ, TBI...THIS IS WHY HALLIBURTON, EXXON MOBIL, SHELL, LUKE OIL, AND MANY OTHERS INCLUDING OIZZA HUT HAVE BEEN IN AND PLANNING AND WAITING, AT EXTREMELY HUGE COSTS TO THEM, I MIGHT ADD...AND HOW ABOUT THE NATIONS OF THE WORLD...WHY THE INTEREST? WHY THE INVESTMENT IN BOTH HARD COSTS, MONEY AND MORE IMPORTANT, I HOPE...LIVES! [post 2 of 2]
6-7-2015 Newshound Guru sczin11 IT IS COMING..WITH OR WITHOUT MALIKI. ...PLEASE REMEMBER THE SEPT 15 2015, DEADLINE, FOR USA IRS FOREIGN ACCOUNT REPORTING AGREEMENT, THAT IRAQ HAS ACKNOWLEDGED TO BE IN AGREEMENT ON, AND STATED WOULD BE PASSED ON TIME...WHY THE NECESSITY IF FOREIGN INVESTORS WONT BE THERE? I DONT MEAN TO SOUND "EBULLIENT [lively and enthusiastic]" BUT...TARIFFS IMPLEMENTED COUNTRYWIDE, AS DEMANDED BY THE COM THIS PAST TUESDAY, BY AUGUST 1, FOR THE FIRST TIME I MIGHT ADD, USA ACCOUNT REPORTING WITH SEPT 15 DEADLINE, AND BUDGET NEEDING TO BE OPENED, FUNDED, ACTIVATED, IN FULL, BEFORE THE YEAR IS OVER AND PROJECTED OIL PRICES AT ALMOST 50% MORE THAN USED IN BUDGET, BEFORE YEARS END... [post 1 of 2....stay tuned]
6-7-2015 Newshound Guru Millionday [Do we have a timetable to when they are going to be replacing the CBI governor?] AS WITH EVERYTHING ELSE THEY CALLED IT A HURRY --- SEEMS AS IT IS A PATTERN LATELY -- HURRY HURRY. [Could they be bringing Shabibi back since he is the Brains of this RV?] I HAVE HEARD RUMORS BUT NO INK ABOUT SHABIBI`S RETURN BUT --- WITH CHARGES NOT BEING AGAINST SHABIBI -- I DON'T KNOW OF ANYTHING BUT CHOICE THAT WOULD KEEP SHABIBI FROM BEING ASKED OR EVEN ACCEPTING -- I HAVE NO FACTS ON IT HAPPENING. [CAN THEY REVALUE WITH OUT A CBI GOV IN PLACE OR DO THEY HAVE TO VOTE ON A CBI GOVERNOR?] THE CBI GOV IS PLACED BY THE GOV (PRESIDENT) -- AND THE PROXY POWER HAS VARIED IN THE PAST AND I AM NOT SURE HOW MUCH POWER THIS ONE HAS RIGHT NOW WITH THIS REPORT COMING OUT.
6-7-2015 Intel Guru Delta URGENT FROM IRAQIA TV: IMF LOAN WILL BE ADDED AS A RESERVE OF THE CENTRAL BANK!!! [if the loan is going to the CBI, doesn't this mean that the GOI will not be able to use the loaned money as they need it? Is this forcing the GOI or the CBI to do something?] THE REASON THEY ARE TAKING THE LOAN IS FOR A CREDIT RATING, ALSO GOI NEED ABOUT $7 BILLION A MONTH . $800 M NO HELP FOR GOV, BUT FOR CBI ...YES. EXAMPLE: FOR CBI $800 MILLION WILL BACK 8,000,000,000 DINARS IN CIRCULATION IN CASE OF 1-1 RATE!
6-6-2015 Newshound/Intel Guru BGG [So at what point is the breaking point between liquidity and public unrest and RV?] No idea... but something is coming.
6-6-2015 Newshound Guru wmawhite What is the difference between a RV of the IQD at $1.00 and ISIL running around with boat loads of USD from the sale of black market oil? None. The CBI will not use ISIL as a reason to reprice or not reprice the IQD. ...understand that the change in the value of the IQD will ONLY be relevant OUTSIDE of Iraq.
6-6-2015 Newshound Guru Kaperoni Article quote: "Jabbar al-Abadi in a press statement transferred reporter (and the Iraqi News Agency Information / INA) , that "the central bank tends to issue currency worth 50 000 dinars and 100 thousand dinars and purpose to reduce the demand for the dollar and foreign currency because we observed a steady rise in the foreign exchange rates against the Iraqi dinar ". It seems very apparent that at least the 50k will come out..and possibly the 100k before end of year. It may even be sooner than that with the tariffs going into full effect August 1st. Like this man said..."which means the destruction of these two categories in the near future" which to me means these will be short lived in the market and the beginning of the delete zeros process.
6-6-2015 Newshound Guru Millionday Article quote: "Baghdad called for an economic advisor to the Prime Minister Haider al-Abadi, to install a governor formally the Central Bank, and stressed the need to be "financial policy maker" THEY ARE CALLING TO BRING IN THE PERMANENT CBI GOVERNOR -- WHOOPOW. THIS IS GREAT. SO THIS IS PLANNED TO BE RIGHT AROUND THE CORNER WITH ALL THE LAWS IN PLACE BY THE BANKING REFORM...LOVE IT AND CANT WAIT TO SEE WHO.
6-6-2015 Newshound Guru Aggiedad77 Article quote: "IMF announced on Friday the initial plan to provide assistance to Iraq worth $ 833 million consent, in order to cope with the economic fallout of the war against al-Daash Islamic state." [So does this loan from IMF mean to drag this out longer than originally planned?] ...this amount being indicated now that is allegedly coming from the IMF is the same amount I believe they claimed was coming last month...So if that is true it is my opinion the previous loan probably never happened and it is now being pursued again...if it materializes for the Iraqis will it slow the MR process down? I'm of the opinion that it should not...it is a loan of an emergency sort to take care of essentials in my opinion...while to us it sounds large, in all actuality it is but a drop in the bucket in their monthly scheme of things to do with finances. Keep in mind too, they don't have these funds in hand yet, so they could always say...thanks but no thanks and never take possession of the loan. Just my opinion on things.
6-6-2015 Newshound Guru Millionday Article quote: "The central bank issued a circular to all banks dealing with foreign remittances only in Iraqi dinars to keep hard currency and to support the Iraqi dinar exchange rate." [If Iraq is paying foreign bills in Dinar, doesn't that make their currency tradable, convertible, international?] IF THAT IS THE CASE ACCORDING TO GLOBAL ECONOMICS I AM FAMILIAR WITH...IT WOULD MAKE THEM INTERNATIONALLY ACCEPTED -- FINALLY.
6-6-2015 Newshound Guru wmawhite Article quote: "The central bank issued a circular to all banks dealing with foreign remittances only in Iraqi dinars to keep hard currency and to support the Iraqi dinar exchange rate." These are foreign remittances...these are bills from foreign customers...IMO. Presently those bills are paid with USD. The way this article reads these are not local citizens, but foreign customers. This is significant IMO because the banks are being told to pay their foreign bills with IQD...not with the USD. Could be very good news. 6-5-2015 *** Dinar Guru Newsflash *** Late Wednesday night the news came in that one of the currency dealers (Sterling) was visited by the local and national authorities earlier that afternoon. This is very shocking news...we still do not know the details or why they were visited just yet. Their site is still up and appears to be running but there is this message "We are not able to accept orders or payments at this time please check again later". We're hoping the group will make a statement soon so we all know what's going on. Stay tuned as this story unfolds. if you are not a dinarguru.com alert list yet now is a great time to do it...It's free as always and only takes 2 seconds... Click here to get on the list now. (the latest guru updates will continue below...) 6-5-2015 Newshound Guru Millionday [LOOKS LIKE THEY ARE MOVING TO AN EXCHANGE RATE OR AM I READING WRONG? DIFFERENT THAN 1166!] THEY HAVE STATED IN ORDERS THAT THIS MOVE IS TO SUPPORT THE IRAQI DINAR EXCHANGE RATE. THEY WILL BE ABLE TO WITHDRAW ONLY DINAR IF THEY PUT US DOLLAR THEY HAD -- ONLY DINARS WILL BE GIVEN BY THE BANKS FROM BANKING ACCOUNTS. THE RATE THAT THEY WILL BE USING WAS NOT RELEASED -- JUST THE ACTIVATION OF THE REGULATION THAT SHOULD BE IN PLACE ANYWAY -- BUT NOW IT IS FORMAL BANKING SERVICE... ALL PURCHASES AND DEALINGS OF ANY KIND ARE ALL STRICTLY IN IRAQI DINAR -- HUGE STEP FORWARD. [post 2 of 2]
6-5-2015 Newshound Guru Millionday Article quote: "Mohammed Saleh Economic Adviser to the Prime Minister Haider al-Abadi, Thursday, news of the issuance of mainstream banks to deal with the citizen dinar currency only, while noting that the central bank issued a circular on foreign remittances that are dealt in Iraqi dinars." HUGE NEWS -- INSTRUCTIONS HAVE BEEN GIVEN TO CITIZENS ON THE REMITTANCE SYSTEM AND ITS CHANGES IMPACTED ON THE IRAQI CURRENCY -- THE DINAR. THE REGULATIONS PUT IN PLACE SOME TIME AGO HAVE BEEN CHANGED TO CURRENT PRACTICE AND ISSUED TO IRAQI BANKS ACROSS THE NATION -- HUGE STEP IN BANKING REFORM AND OF COURSE THEIR ECONOMIC REFORM. [post 1 of 2....stay tuned]
6-5-2015 Newshound Guru Kaperoni [Where are they going to get the money to do their work?] they get money from selling oil for one thing. and exports are increasing daily...they also will get billions in private funds once they pass the laws for a market economy. [are you saying no rv till August?] i am saying there is no overnight RV...but we may see them begin to raise it gradually then. parliament is on vacation for a month. [No chance of an emergency meeting to push things through?] no...parliament has stated such before...emergency meetings...never once could they get enough to attend. ...no quorum. [how quickly do you think it will go up once they have it out?] no idea...but i hope fast. [post 2 of 2]
6-5-2015 Newshound Guru Kaperoni I am looking at August for interesting developments...the GOI is adamant about the tariffs in effect...no exceptions. [Is Iraq totally inept or are they being held back by someone on the RV process?] no they need to get the work done...though laws are not needed for a change in monetary policy, they are needed for investors to come in. And the sooner the laws are passed the sooner investors will come. And that is key to the success of the Iraqi economy which will drive the dinar exchange rate up! [post 1 of 2....stay tuned]
6-5-2015 Newshound Guru Breitling I have no fear of the currency revaluing…nothing's changed. If you look at what their plan was and what it is they're trying to do and why they had the currency priced at the rate that it is and that it's artificially manipulated nothing has changed. Not only that but the laws they are passing in parliament directly correlate on them adding value to the currency…I have not seen an indicator that would change the economic plans of Iraq. Nothing has surfaced, they are moving forward. The currency PM is moving the economy like a freight train. Their target rate is a dollar and their next target rate is 3 dollars.
6-5-2015 Intel Guru Mnt Goat All is excellent news and I can hardly believe what I am reading since much of what is happening now has been anticipated and long awaiting. We are getting yet closer to our final destination but the journey is bumpy... “some of the issues which is linked to the House of Representatives and the extent of the political blocs by the agreement, such as oil and gas laws and the Federal Court, arming and budget for regional National Guard.” an excellent article...it reinforces again the main holdup in getting the Erbil agreement completed. They are telling us that they are close...
6-5-2015 Intel/Newshound Guru tman23 LISTEN CAREFULLY... The military backed off in Ramadi and were accused of no will to fight... The airforce trainess in Jordan went on strike refusing to leave their barracks as pay was cut 80%... The ports where people collect their pay have equipment that is connecting to the bank but not getting a response ...so people ability to withdraw money is delayed or takes a few days... The Kurd region is upside down with it's economy...it has been at zero for 4 months and businesses going into bankruptcy...And now provinces are beginning to announce warnings of bankruptcy... Zebari is in Jordan for a loan for 827 million from the IMF... That doesn't even pay the Kurds DUES for the MONTH OF MAY... So with people losing the faith...Banks beginning to fail... And Abadi told the people to be patient till June... They are in serious financial dire straits... And Zebari said the crisis is over...Explain Please? They are going to open the new books July 1st...and how much we benefit remains to be seen...But end of June is the end of the road.
6-5-2015 Intel/Newshound Guru Backdoc [SO...There is still a chance for June for the RV or RI ? IYO] ANY TIME IS POSSIBLE! WE ALWAYS HAVE HOPE...WE SIMPLY WAIT OUR TURN IN THE WAITING LINE OF MONETARY REFORM! WE SEE THE EVIDENCE OF PROGRESS ALL AROUND US...SO TRY TO ENJOY THIS PROCESS AS WE SEE IT UNFOLD BEFORE OUR EYES!
6-5-2015 Intel Guru Bluwolf [via kogarris] The key to what is to transpired for the changes to humanity has been turned and the door is now finally opened, all things expected will march along without any restraints...values on bank screens are now evident, place holders aside, I guess after waiting for 7 years the time for prosperity and change is actually here. ...I have been silent till the time is right, but guess what now is that time to share this humble message.
6-5-2015 Intel/Newshound Guru tman23 We need the FED COURT ACT... We need to understand that as the Court sits now it can rule a final decision with no right for appeals by the regions or provinces. This law in limbo and the Court in it's current condition is "The Obstacle" to the investment law and the Kurds moving forward with the GOI... Jabouri heading out of Iraq ...We need to see what Baghdad pays the Kurd region and when Jabouri returns...Will they get a vote on the Fed Court Act... At this point...IMO...There are only 2 things we need to watch...Amount Kurds are paid...And the Fed Court Act Law.
6-5-2015 Newshound Guru Aggiedad77 Article: "Iraq's oil on the right track after year loss" I would change one word in this title and say "years of" loss instead of year loss...they talk down in the article of the issues that beset PM Abadi and his new government that put things into a downward spiral...the most daunting of which was the misdirection by former PM Maliki...who managed to run Iraq into the ground before they were kicked out of power...So since that time Abadi and crew has worked steadily to improve things...worked steadily swimming upstream against a flow of falling oil prices and liquidity issues...when you are left with weeds it can be difficult to get good crops to grow right off the bat...but they are working in the right direction.
6-5-2015 Newshound/Intel Guru BGG Article quote: "Called on the Economic Adviser to the Prime Minister Haider al-Abadi, on Wednesday, to install governor formally the Central Bank..." I don't see this as a guarantee Dr Shabibi comes back. In fact, while it is good news they want to install a legit (not proxy) CBI Gov...nowhere does it say it will be Dr Shabib. Further - if one understands the dynamic between Shabibi and Maliki - it is tough to imagine Shabibi will come back as long as Maliki has any sway whatsoever (according to my sources).
6-5-2015 Newshound Guru Adam Montana [I would appreciate your over view on the Middle East and how you believe the turmoil in the region might affect the potential revaluation of the IQD? Or does it?] Middle East: always has been and always will be chaos. This has not prevented high value currency in the past, and won't prevent it in the future. [At one time I believe you were of the belief that if there was a revaluation of the IQD that Iraq would be a fine place to invest. Do you still believe that?] Absolutely! Would I want to live there? NO! But is there money to be made there? YOU BET! 6-4-2015 Newshound Guru Aggiedad77 Article: "Fulfillment of customs tariffs in all border crossing points, without exception," According to the COM this week tariffs and taxes are coming...look for them on or around August 1...all ports and border crossings will be expected to comply...no exceptions...this is said to be in alignment with Article 33 of the 2015 budget...are we seeing more of the budget being opened here....potentially that all of it will be exposed...roughly 45 days until August 1...is that time enough to create "the event"...the BEST of things yet to come...it makes sense.
6-4-2015 Intel Guru SteveI Sterling Currency Group: Regardless what happened...this is a real investment with a very real currency. I do believe that once ISIS is under control, things will move much faster. It really does not take much for one to realize that Iraq as a country with the wealth and potential wealth and future investment, at some point in the near future, their currency has to be worth a lot more than what it is now or they will just fall apart and fail.
6-4-2015 Newshound Guru Adam Montana [We are about to head out on vacation. Should we take some dinar with us in case an RV happens while we are in another state? Or, in the event that an RV does (happily) occur should we just wait a few weeks till we're back home to cash in.] I wouldn't advise anyone to be more than a couple days away from their dinar.
6-4-2015 Newshound/Intel Guru BGG the two important factors (to Abadi) are value (which he desperately needs) and the Investment Law (which he promised to investors while here in the US). They appear to be moving right ahead on those - just not there yet...but nice to see their urgency on these "core value" issues. [Only thing I'm interested in right now is that elusive Tariff law.] It is fully passed - just not being implemented as yet... [HOW LONG DO YOU THINK ALL THIS CAN TAKE?] IMHO - they are in overtime already. My guess is - they thought they would come back from DC with all these commitments and they wouldn't have to do their part (Add value)... now they are starting to get the message - all the aid, commitments, loans, etc, come with strings attached. THEY MUST DO THEIR PART.
6-4-2015 Newshound Guru Aggiedad77 Article: "Council of Ministers directed to reduce working hours during Ramadan" Point to make here...notice the COM is saying that working hours may be REDUCED during Ramadan by ONE hour for ministries and departments where they are able to make this happen... they aren't saying to stop work altogether....for they recognize that many things are needing attention even as Ramadan is observed...work will not stop, nor will issues be set aside.
6-4-2015 Intel Guru Freeway Bill Please do not try to read any negative for you out of this Sterling raid. It has nothing to do with the blessing. This does not mean that the whole IQD thing is a scam. This is a totally unrelated issue. This information came to me this morning and I was asked to forward this to you by my most trusted and reliable sources...
6-4-20215 Newshound Guru Adam Montana This isn't about "Monday" or any other specific date. Iraq doesn't care about you, me, or anyone else...This is all about what Iraq stands to gain and what Iraq has to do in order to make it happen. As of this year, Kurdistan and Baghdad are skipping along hand in hand, in more harmony than we have EVER seen. Kurdistan is producing more oil every month, and Baghdad is dutifully sending them the money they deserve for it. This is getting us closer to an HCL every day. The GOI is in better shape than at ANY time in the last 7 or more years. With Maliki out of the big seat, Parliament has made more progress already this year than the entire last 5. I'm sorry it didn't happen last Tuesday like a few...promised... but I will not apologize for remaining positive here. [post 2 of 2]
6-4-2015 Newshound Guru Adam Montana [We heard months ago from Abadi that the "dinar value will change soon". That was back in April. Then they said by end of May...nothing going on. Now they say before Ramadan...? For as long as they have been working on this there seems to be just a "move it out"(date) mentality. We keep hearing there really isn't any thing else to do...but there seems to be a something "new" every day. What are you hearing from your contacts in Iraq. One could easily suspect this is a scam. They keep doing business with a "crap" currency.] I don't know what you mean by a "scam" - the dinar is a very real currency, and in my opinion it has a very real chance to make some very real gains. [post 1 of 2....stay tuned]
6-4-2015 Intel/Newshound Guru Poppy3 ...WITHOUT VALUE ADDED TO THE RATE THE TARIFF LAW BEING IMPLEMENTED WILL NOT RETURN ANYTHING IN A PROFIT COLUMN? EVEN TWO YEARS AGO DR SHABIBI STATED IT WOULD TAKE 3000 NEW TRAINED WORKERS TO START COLLECTING THE TARIFFS AND AT THE VALUE OF 1166 IT WOULDNT PAY FOR ITS SELF. I AM PLEASED THEY ARE ASKING FOR IT AND SAYING NOW IS THE TIME BECAUSE THAT TELLS ME THEY KNOW THE NEW RATE IS READY TO BE ANNOUNCED. TIME WILL TELL SOON.
6-4-2015 Newshound Guru BGG (IN REGARDS TO STERLING) I wanted to take a minute and bring some updates about the very serious situation I'm sure everyone is aware of... I am sure there are plenty of folks stirred up over it. Firstly, breathe... it is far too early to know all the details or all the ramifications. This is information it is impossible to know at this time. Rest assured - it is not about the core value of the investment...Again - THIS IS NOT ABOUT THE INVESTMENT... So before we jump to conclusions - let us watch, let things play out... As relevant details are available - we will bring them to you. Thanks all.
6-4-2015 Newshound Guru tlm724 Article: "Parliamentary Finance defends tariff and confirm it increases the purchasing power of the citizen" defends tariff and confirm it increases the purchasing power of the citizen *hallelujah* Quote: "starting from the first of August next revive the Iraqi economy and will increase the purchasing power of citizens." [Guru] BondLady had this figured years ago! She has always said they need to increase the purchasing power BEFORE taxes IHO... Quote: "the imposition of taxes will benefit everyone in general." the only way that will benefit the people is to give them the purchasing power to offset the burden of price increases!
6-4-2015 Newshound Guru Millionday Article quote: "The oil agreement between Baghdad and Erbil interim agreement until approval of oil and gas law, denying" the existence of a new agreement between the two parties" SO THE OIL AGREEMENT THEY HAVE MADE WILL SERVE UNTIL THE HCL IS LAW -- THIS WILL BE USED AND THIS IS GREAT NEWS. [Are you saying the oil agreement is just like they have the HCL in operation, until its officially passed....they can at least operate as if they have the HCL?] YES.
6-4-2015 Newshound/Intel Guru BGG [we going to see the 50k and 100k notes?] I doubt it even more now than before. CBI just got banks to agree to sell USD for 1193 (lowest number in a long, long time)...the last recorded auction was 289 mil... bigger than anything recent by 150 mil...so if they go along like this for a week or two (we'll have to see how sales go) they will pull TRILLIONS of Dinar from circulation without having to introduce any new notes...the main thing they were after - and they can just use USD to do it... get the Dinar off the street before they have to buy it back...which - if you think about it - they keep this up for a bit - it's a dead give-away. [hold off the RV while the CBI sells dollars to load up on Dinar - then RV and all that Dinar reserve shoots up in value overnight!] there you go.
6-4-2015 Newshound Guru Adam Montana I'm just as positive on this IQD thing as I ever have been. In fact, I'm less of a skeptic over the last 6 months than ever before, because Iraq IS making progress.
6-4-2015 Intel/Newshound Guru tman23 My opinion on the IQD REVALUATION...We are seeing fireworks now and will so as the week goes on...But when fireworks start there is a grand finale...It can end with a BANG or a sputter...But June is the end of the road! 6-3-2015 Intel/Newshound Guru Poppy3 heard THIS...TWO THINGS STATED ABOUT SECURITY THAT THE IRAQ ARMY WITH ASSISTANCE FROM MANY OUTSIDE FORCES HAVE RECOVERED STACKS OF FRAUD DINAR AND CONTINUE TO PUSH ISIS BACK...PROVING SECURITY IS MUCH STRONGER THAN THE MEDIA HAS BEEN REPORTING. ABADI ASKING FOR MORE INVOLVEMENT IN IRAQ TO RID THE COUNTRY OF ISIS ONCE AND FOR ALL COMPLETELY. SOUNDING GOOD TO ME...ALL THAT IS COMING FROM THE PARIS TALKS. OH 1 OTHER COMMENT WAS MADE ABOUT THE HCL BEING DISCUSSED AND THE 22 ATTENDING COUNTRY LEADERS PUSHED FOR COMPLETION AND AGREEMENTS TO BE FULFILLED BY ALL PARTIES INVOLVED. SOUNDING VERY PRODUCTIVE FOR SURE.
6-3-2015 Newshound Guru Millionday Article quote: "the Finance Committee met a few days ago with the Economic Commission to study the investment law being activated and carries financial side." Haider said that "the lack of activating the investment law because of obstacles in front of the Investment Authority," explaining that "those obstacles spurred Parliament to enact a law gives full freedom for investors from home and abroad." THEY ARE OBVIOUSLY IN A HURRY TO ACTIVATE THE INVESTMENT LAW -- HUGE NEWS. [Do we know when they are going to have this special Parliamentary session to vote on the laws?] NO -- THEY KEEP CHANGING DATE. [...it sounds like they may be in the final steps of the investment law, from the paragraph above. "to enact law gives full freedom for investors from home and abroad"...is this correct?] THATS HOW IT APPEARS TO ME TOO.
6-3-2015 Newshound Guru Breitling ...they are putting themselves out there and pushing out the competition. Iraq is trying to absorb the market by making it [oil] cheap. They are getting people used to doing business with Iraq. There is going to be domestic turmoil but from a global perspective 90% of their GDP is based on oil and they are about to spool it up. You can't get any better than that. What are we looking at? They are still reducing the note count. They are spooling up their oil so they can literally take over more of the market and they pass all the laws so that businesses that come in are recognized. That's the stuff we've been waiting on for a long long long time…again they are indicators. [Post 2 of 2]
6-3-2015 Intel Guru Mnt Goat Do they have to RV in order to pay them [citizens]? NO! I also believe, however, that paying out the HCL royalties to the citizens will also ignite the necessity for a full revaluation of the dinar to take place. It is not a matter of setting a date or time. Even the rate we thought we had nailed down but now we are seeing some changes too in this area that in fact is may come out very low as a reinstatement and then a revaluation later. We know each time we think we have a time period nailed down something changes or another condition is asked of Iraq... The RV is very close at hand we all know this. Be patient it is coming soon. ...there are so many signs now that very possibly we could be in a good window of opportunity to see this RV very, very soon if all goes to plan. [post 2 of 2]
6-3-2015 Intel Guru Mnt Goat Monthly HCL royalty $$ to citizens beginning now...Iraq plans to distribute oil revenue money to the citizens for the very first time as part of HCL implementation in June/July timeframe. The finance ministry has also told us that for the first time they are rolling out regularly scheduled payments an so there will be reliable, accurate, on time payments on time each month in the future. Why is this so important to us investors in the dinar looking for an RV? It is important not because so much of the fact they must RV prior to allowing them to make these payouts. But rather because it is the one remaining last part of the HCL that is needed and mandated by the USA and UN in agreement with Kurdistan and the GOI in the Erbil agreement of 2009. Erbil must be FULLY implemented prior to bringing back the IQD online...no full Erbil implementation, no RV. Not much left for Erbil to be done. [post 1 of 2....stay tuned]
6-3-2015 Intel Guru Frank26 There is a lot of things done with the GOI for the MR...laws are passed but what is the mother of all laws? The HCL...that is the last thing you will see because it has to do with the citizens. Laws are locked up inside the budget... once they open it those laws become active along with the HCL! There is a lot of legislative activity. It’s hammer-time in Iraq! Abadi is in charge! That’s why there is so much advancement in the MR. The GOI needs LIQUIDITY and the CBI is the only one who can give it to them. There isn’t anything left to check off the list... Are they going to go on vacation? No...because they are still working on the MR. Will they work in June and July. No...you can work during Ramadan but it’s not recommended. I don’t believe that we’ll see the IQD revalue before Ramadan. iTeam believes a 30% chance before Ramadan. They believe it may happen just before or after EID. July 17th...during EID is a great time for celebration in Iraq. [post 2 of 2]
6-3-2015 Intel Guru Frank26 [Guru] Top Shelf said that they have a PLAN! The Kurds are happy. They are changing the system... The timing of the MR coincides with the spreadsheet... VALUE ...ASSETS...are coming. So why don’t they show us the rate? Because they don’t have too. They are disclosing “changes” not rates for you to see. The evidence is not lacking. Nobody knows when this is going to happen. The ISX...jumped all over the place last month. It paid. This is unusual. I’ve already told you that the zeros are dropped...they’re just not showing it yet. Dropped 1st week in March – we told you that already...because they got the green-light. When they got the green-light...ran with it...it just wasn’t ready for our eyes to see it yet. [post 1 of 2....stay tuned]
6-3-2015 Newshound Guru sczin11 EVERYTHING, ALL BANKING MONETARY LAWS, AMENDMENTS, ARE DONE...AND ALL WE ARE WAITING FOR IS THE GOVERNOR TO BE NAMED, SO THAT THE CBI CAN "LEGALLY" APPROVE THE REFORMS? I WOULD HAVE TO SAY, IT APPEARS WE ARE SEEING THE FOUNDATION FOR A BIG ANNOUNCEMENT...ONE I CERTAINLY HAVE BEEN WAITING FOR, SINCE DECEMBER 22, 2014...REMEMBER, HE WROTE, DESIGNED, AND CHOREOGRAPHED THE PLAN...HE WORKS CLOSELY WITH THE IMF...THE PEOPLE OF IRAQ RESPECT AND ADMIRE HIM...DR. SINAN AL SHABIBI, IT IS YOUR TIME....SO, LET US HEAR FROM YOU NOW! [post 2 of 2]
6-3-2015 Newshound Guru sczin11 Article quote: "Saleh stressed the need to "install the Governor of the Bank formally," noting that "the international community address Iraq and constantly asking him to install the Governor of the Central Bank to be a financial and economic policy maker." LOOK AT THESE WORDS... INTERNATIONAL COMMUNITY... INSTALL THE GOVERNOR...TO BE A POLICY MAKER... Quote: "The Governor of the Central Bank of Iraq and the Agency on the Keywords revealed in (the first of December 2014), that the amendments to the Central Bank and banks laws, money laundering and reached the final stages, among the several meetings held with the Speaker of Parliament Saleem al-Jubouri for ratification soon, description the Board of Directors as "an internal committee need to be extended." NOW IS THIS SAYING, CONFIRMING WHAT WE HAVE THOUGHT, HOPED TO BE TRUE... [post 1 of 2....stay tuned]
6-3-2015 Newshound Guru Breitling They [Iraq] are spooling up their economy. They are letting everyone participate in Iraq. The momentum is moving forward. The pace is going a little faster and that's strange cause think about some of the turmoil that's going on. They're ignoring it. So what's the proof of what's going on? It has nothing to do with the situation going on inside of Iraq itself it has to do with competing on a global scale and there is only a certain window there. [Article: Iraq is taking OPEC's strategy of defending it's share of the global market to a new level. The nation plans to boost crude exports by about 26% to a record of 3.75 million barrels a day next month."] …they are going to flood the market with oil but… [Post 1 of 2 stay tuned for the rest of the story]
6-3-2015 Newshound Guru Millionday Article quote: "The Governor of the Central Bank on the Keywords and during his stay in the meetings of the Committee, revealed the existence of 66 trillion dinars assets in the Central Bank", noting that "this amount is good compared with the situation in Iraq current of lower oil prices and the war on terrorists Daash organization." ABADI IS HAPPY WITH THE CBI ASSETS. THEY HAVE MET THE AMOUNT THAT WAS WRITTEN IN THE PRINTED BUDGET WE READ --EXCELLENT.
6-3-2015 Newshound Guru Kaperoni [...when the CBI is in compliance, will they start the float or wait until the paper count drops to start the float?] Hard to tell...It appears that currency reform will happen prior to moving to Article VIII. That means compliance is not as important as we had once thought. So technically, it could happen at any time.
6-2-2015 Intel/Newshound Guru Poppy3 GETTING REPORTS ON THE MEETING IN PARIS. PROGRESS BEING MADE ON FORCES BEING PREPARED TO WIPE OUT ISIS WITHIN IRAQ...IT IS OBVIOUS ISIS WILL NOT AND IS NOT BEING ALLOWED TO EFFECT THE RV OR MOVEMENT FORWARD ON FINANCIAL REFORM.
6-2-2015 Newshound Guru Kaperoni Article quote: "Saleh also highlighted the lack of a relationship between the process of deleting the zeros and the rise of the dollar exchange rate, the fact that this operation "carried out at the exchange rate stability", ruling now be removed within a period close." So what we have here is Saleh is saying the deletion of zeros and the fall of the market rate (appreciation of the dollar) are two different issues... What I get from this is that they will not begin the deletion of zeros until the CBI gets control over market rate. Not necessarily that they need to get in compliance with Article VIII, but to demonstrate that they can at least hold the market rate within 2% as the IMF has always said. I think this is very positive in the sense that Saleh said that the..."deletion of zeros will take place where there is stability in the market." With the recent attempts by the CBI and private banks to reduce the spread, they may get it back in line within a month or so...and if Allaq can hold that stable thereafter, we may see it begin.
6-2-2015 Intel/Newshound Guru Poppy3 THEY'RE SIGNING PURCHASE CONTRACTS INTO THE BILLIONS SEEMS EVERYDAY FOR AIRCRAFT, AIRPORT CONSTRUCTION, WATER SYSTEMS, ELECTRIC GRID CONSTRUCTION ETC. ETC. THESE CANNOT BE FUNDED AT 1166 . HANG ON RICH FRIENDS THEY ARE RUNNING OUT OF TIME. CAN'T WAIT THAT LONG AND THEY SHOW THEY AREN'T WAITING THEY ARE MOVING FORWARD DAY BY DAY HOUR BY HOUR.
6-2-2015 Newshound Guru sczin11 Article quotes: "any determination of ceiling supply and compel the central bank do, would hurt the offer law and demand and lead to currency instability, and this applies to determine the central exhibit in the daily auction $ 75 million" "Shabibi and asserts that "the dollar when the central bank to leave does not finance commercial operations only, but also used to finance all international payments." DR SHABIBI IS ADMITTING TO THE WORLD, HE HAS BEEN WORKING BEHIND THE SCENES...I AM READING AND RE-READING THESE STATEMENTS...WOW!!! HE KNEW AND KNOWS ABOUT THE CAP IN BUDGET FOR THE AUCTIONS...DOESNT THE ABOVE MEAN...WHEN THEY LEAVE THE USE OF THE US DOLLAR...IN OTHER WORDS...WHEN THEY BEGIN TO USE THE IRAQI DINAR, IT WILL BE FOR COMMERCIAL USE...AND...ALL INTERNATIONAL PAYMENTS!
6-2-2015 Newshound Guru Breitling Do you have a bunch of 25K notes, 10K notes? I don't know. That's why I have insurance policies for what I don't know. With the dinar crowd the problem they are having is that they spent what extra money they had on the dinar and whatever they have that's it. You guys, you're fine, alright. You did what you could do and that's it. You don't need to worry about it. You don't need to diversify the notes you have. You don't need to sell the family car…you're fine. You're still in the same boat as everyone else. [Post 2 of 2]
6-2-2015 Newshound Guru wmawhite Folks, keep in mind that the CBI places and regulates the value of the IQD not the GOI, not the Parliament. Also, the oil is NOT sold by the CBI. It is sold by the Government of Iraq not the CBI nor the Parliament. Also, the reserves that the CBI has will be used to support the value of the IQD. The GOI and the Parliament will not support the value of the IQD. That is not their role...plus, they do not have any direct means to do so.
6-2-2015 Intel Guru TerryK ALOT GOING ON IN IRAQ...SOURCES TALKING TO ME LATE LAST NIGHT TELLING ME THIS IS SET TO GO AT ANYTIME... THREE DIFFERENT SOURCES. I HAVE A FEELING IRAQ IS WAITING UNTIL WE SEND TROOPS OVER...BECAUSE ISIS CONTROLS SOME OF THE CBI LOCATIONS. IRAQ DOES NOT WANT TO TURN ON CURRENCY AND GIVE THEM MORE POWER AND STRENGTH...INSTEAD OF BILLIONS THEY WOULD HAVE TRILLIONS...BUT WAS TOLD LAST NIGHT...THAT HAS NOTHING TO DO WITH THE RV OR RI.
6-2-2015 Intel/Newshound Guru tman23 The Kurds are dependent on oil sales and that revenue from receivables is delivered by Baghdad. Baghdad has failed to pay the Kurd region for 1 full year and in the past 7 months they have made payments ranging from 400 million dinar to 550 million dinar. The Kurds region government salaries are 900 million USD. That being said; The Kurds have endured 18 months of this BS and now they have over 1.8 million displaced people...And Baghdad has closed it's doors to any Sunni refuges entering. Kurds have been being financed by private sources to meet their obligations. Investors are by the groves with billions of investment dollars waiting on the sidelines. Kurds open their economy then they will not be dependent on Baghdad payments should they decide to stop them ANYTIME AGAIN! The Kurds have their own government, their own Parliament, their own military. They do not need Baghdad! Barzani is the PRESSURE on Baghdad.
6-2-2015 Newshound Guru wmawhite [how in the world are all these huge "deals" going down without "valuable currency"?... it's like so many "higher ups" have insight to MUCH more than we wee folks do...?] The vast majority of these huge deals have a date that they will be implement/executed on. So, yes I agree with you about "insight". [so are they "contingent" on an IQD "international value" per say?] I don't believe they are contingent...because they have decided upon doing the deal because they know it is coming. [ it doesn't make any sense unless there is "insider info.... SOLID info".] There is NO insider info about this. The entire world of international investment banks are aware of what will happen in Iraq.
6-2-2015 Newshound/Intel Guru Top Shelf I see progress being made in the monetary reform and the global events. They are not just “winging” this. They have a “plan” and they are not deviating from it...oil re-priced and it forced the economics for things to revalue. It’s been nice to see ...articles...that back-up what is actually happening. They are telling you what they are doing. Normally when they start showing things so blatant...things are very close. Things are working... they are doing it. We talked about the 50 dinar notes...There is no way they would take the 50 out IF they were not going to increase the value...it’s starting to make sense... why they are doing what they are doing. [DO YOU THINK WE WILL SEE BEFORE RAMADAN?] if I had any kind of intentions of doing business with Iraq...I would want to see that things are set in motion before Ramadan. You can’t put the MR on hold. The investors would lose confidence. If they are seriously not ready...it won’t.
6-2-2015 Newshound Guru Breitling I never suggested having one note over the other…sometimes it's not what we know, it's what we don't know and they were talking about retiring notes in different increments and at different values. So what did they do? They retired the 50 dinar note…Can I guarantee a rate? no I can't. Can I guarantee a time frame? no. But I know what's going on and there is only one person on this planet that told everybody that they were going to retire the notes at different increments and you need to watch your note count…you need to watch how many 25k notes you have so the next question is, So what's the secret? [Post 1 of 2 stay tuned]
6-2-2015 Newshound Guru Millionday [what do you think the cbi ...MIGHT.. be waiting on to push the button?] I HAVE NO IDEA AND DO NOT SEE A HOLD UP OR WAIT...THEY SEEM TO BE RIGHT ON TIME. [How can they continue to implement things without money?] THEY HAVE GOTTEN DEVELOPMENT GRANTS AND BANKS THEY ARE WORKING WITH AND ARE MOVING FORWARD WITH TOOLS -- JUST REMEMBER IT TOOK THE EXPERTS OF THE WORLD TO DEVELOP THIS PLAN AND WE ARE NOT THEM. [What part do some of the laws waiting to be passed play in all of this?] THEY ARE THE END OF THE DEMOCRATIC NEEDS FOR IRAQ AND THE REFORMS IMO. [What about HCL and 140 in your thoughts?] THEY WORKED WITH THE HEADS OF PROVINCE HEADS AND GOT LEADERS AND INVESTORS TO GET INPUT ...ACCORDING TO THEM THEY ARE CLOSE TO DONE WITH VOTE. [Do you think they would change value to relief inflation pressure... and then raise value from there?] I DONT KNOW...THAT DOES NOT MAKE SENSE TO ME THOUGH.
6-2-2015 Intel Guru Delta Iraq needs the money...the oil prices...fighting DAASH...a lot of money is being spent. They need to sell bonds...move forward...they can’t do anything. They need to change the rate. They got the green light...they have to keep moving. The rate must change before they can release the lower denoms. They need the money right now. [The NATIONAL GUARD Law ...IS THAT IMPORTANT do they need those laws to move forward?] No. They have the green light...they don’t need laws to RV. The CBI is independent. [ARE THE Qi CARDS SCANNING MACHINES IN THE MARKET PLACE?] the 1st generation machine are but the latest ones have not been activated yet. The system is hooked up...they’re just waiting for the new exchange rate. [DO YOU THINK WE WILL SEE BEFORE RAMADAN?] based on the info that they give us...all of the confirmations from bonds, Qi Cards, market economy...in my opinion...before Ramadan. It’s not a official holiday...business goes on as usual. The CBI can do whatever they want. We should see this before Ramadan...but I could be wrong. 6-1-2015 Intel/Newshound Guru Poppy3 all this talk of 2016 FOR THE RV APPEARS TO BE JUST BULL SOME ARE TRYING TO PROMOTE BUT IF YOU PAY ATTENTION TO THE NEWS FROM THE KEY LEADERS THEY ARE DEMANDING COMPLETION NOW! THEY HAVE STATED FINISH IN MAY NOT LATER AND THEY HAVE MISSED MAY BUT THEY HAVEN'T STOPPED PUSHING TO FINISH. THEY HAVE ALSO SAID TO THEIR PUBLIC SEVERAL TIMES BUYING POWER VALUE WILL BE IN JUNE AND ASK THE PEOPLE TO JUST GIVE THEM TILL JUNE. THEY ARE GOING TO GET US SOME MONEY SOON.
6-1-2015 Newshound Guru Millionday "...Iraq lacks the credit rating of the three global agencies, it speed up access to this category for the purpose of issuing foreign bonds fact that the tenure for rating supports its strength in international markets." THIS IS A HUGE REQUIREMENT THAT SHOWS US WHERE THEY ARE AND THE POSITION THEY ARE IN BANKING AND THE MARKET DUE TO THE RESULT BEING INTEREST RATES AND A REQUIREMENT OF THE WTO...THEIR GOAL IS TO GET THEIR CREDIT RATING -- THIS IS USED FOR THE COUNTRY`S INTEREST RATE FOR INTERNATIONAL AGREEMENTS -- AND ALL CREDIT PURPOSES. [...do we have to wait for their credit rating to be what it should be, before we see the rv?] THE CREDIT RATING IS IMPORTANT TO THEM AND THE VALUES OF CURRENCY IS AS WELL BUT THEY SHOULD "SHOW THEIR HAND" IMO IF THEY WANT THEIR CREDIT RATING.
6-1-2015 Newshound Guru sczin11 WHY HAS KURDISTAN BEEN SPENDING LOTS OF MONEY, IN START UP COSTS, EQUIPMENT, AND CONTINUED TO PAY SALARIES TO ITS EMPLOYEES, FOR THEIR OWN ESX STOCK EXCHANGE, FOR SO LONG? MOST EVENT CHANGES HAVE DOMINO EFFECTS ON MANY OTHER OCCURRENCES, THUS THE NEED FOR A METICULOUS, SYSTEMATIC PLAN...DELETE THE ZEROES, ISSUE 50K NOTES, RECALL 50 DINAR NOTES, ISSUE SMART CARDS FOR DISPLACED CITIZENS, FUND SMART CARDS FOR RETIREES, OR ISSUE NATIONAL CARDS FOR THE COUNTRY...WHO REALLY CARES...THE BOTTOM LINE IS...IRAQ IS OPEN FOR BUSINESS... IRAQ IS ENTERING THE GLOBAL MARKET... QATAR, SAUDIA ARABIA...WHO WOULD HAVE THOUGHT THEY WOULD COME BACK BEFORE PROVEN CHANGE IN IRAQ WAS EVIDENT? WELL, I GUESS THEY HAVE SEEN ENOUGH PROOF...I THINK I WILL, AS ALWAYS, RELY ON "FOLLOWING THE MONEY" as MY WAY OF STAYING FOCUSED, GROUNDED...IF IRAQ IS GOOD ENOUGH TO BE A PART OF BY SAUDIA ARABIA AND QATAR...IRAQ IS GOOD ENOUGH FOR ME TOO! [post 2 of 2]
6-1-2015 Newshound Guru sczin11 DOES ANYONE OUT THERE, WHO IS EMPLOYED BY OTHERS, BIG BUSINESS OR SMALL, PUBLIC OR PRIVATE SECTOR, REALLY ENJOY TAKING ORDERS FROM OTHERS? ...NO ONE WANTS TO TAKE ORDERS... NO ONE WANTS TO RELY ON OTHERS FOR SUPPORT... UNLESS ABSOLUTELY NO OTHER CHOICE...MONEY TALKS, AND... BS WALKS! IRAQ IS NO DIFFERENT...AS ONE OF THE WEALTHIEST NATIONS ON OUR GLOBE...IRAQ DEMANDS ITS SOVEREIGNTY, AND THE PRIDE IT HAS PAID FOR SO LONG TO RECLAIM... THE INVESTMENT DREAM OF THE FINANCIAL WORLD, WILL NOT, CAN NOT, ACCEPT ANYTHING LESS THEN PERFECTION...WILL THEY SHARE A PIPELINE OF OIL WITH A NEIGHBOR, AND HAVE THEIR CURRENCY WORTH ANYTHING LESS, THEN THAT NEIGHBOR? WILL THEY LEAD THEIR REGION IN OIL AND GAS EXPORTS AND EXCAVATION, AND BE AT THE BOTTOM IN TERMS OF CURRENCY WORTH? WILL THEY LURE FOREIGN INVESTMENT DOLLARS INTO THEIR COUNTRY, IF THEIR BANKING AND MONETARY REFORM IS NOT THE BEST? [post 1 of 2....stay tuned]
6-1-2015 Newshound Guru Aggiedad77 Article: "Governor of the Central Bank: Other banks will join for the adoption of a fixed selling price for the dollar" According to the CBI governor an additional 13 banks will begin selling dinars against the dollar in the exchange market...an attempt to match supply with demand...we shall see how this turns out for them in the coming weeks...the dollar exchange rate has meanwhile risen to 1260, highest in history...again demand far outreaching supply.
6-1-2015 Newshound/Intel Guru BGG [I see no RV until Iraq solves its Liguidity and Security Problems.] Iraq doesn't solve their liquidity problem until they RV... and security - well - it is the Middle East.
6-1-2015 Intel Guru TerryK ONE OF MY SOURCES CALLED THIS AM AND IS EXCITED...TALKING ABOUT THIS WEEKS ACTIVITIES AND HOW IRAQ IS ON THE LIST FOR HOT DISCUSSION TOMORROW IN THE BIG HOUSE. I THINK WE ARE ABOUT TO SEND OVER 100-250,000 TROOPS. IM NOT HAPPY ABOUT THAT BUT I THINK THAT’S WHAT NEEDS TO BE DONE TO STOMP OUT ISIS AND GET IRAQ WHERE SHE NEEDS TO BE SO OUR BLESSING WILL OCCUR. [do you think this will pause the release of the RV?] I DON’T THINK SO BUT I KNOW IT DOES NOT HELP WHEN ISIS CONTROLS A FEW CBI LOCATIONS SO I KNOW THERE IS A CONCERN ABOUT GIVING THEM MORE DINAR OR VALUED DINAR.
6-1-2015 Newshound Guru wmawhite Just a little point about the laws...the laws are about the future of Iraq...six months from today...a year, five years, etc...off into the future. The CBI deals with values of today. When the CBI introduces the IQD to the world currency markets it will reflect the value as of today...not a value based upon what laws were passed or not passed. Another point...and even [Guru] Kaperoni will speak about Dr. Shabbi ready to delete the zeros and begin the float back in 2012/13...right? Where were those laws that are so important and required for this? They did not exist because they are not required for the CBI to do their part.
6-1-2015 Newshound Guru Breitling They are going to put out larger notes 50's and 100's, I'll believe it when I see it. but what they are talking about makes sense…it's a different strategy…are you going to gain value in your currency? Absolutely. But it's going to be at a different pace. They are reducing the note count and they said it will not increase the money supply notes. To get to a dollar…the pace has changed. Once they hit that dollar they're going to hit the reset button and they're going to have a totally different economic plan that gets them to the $3 rate. And that's it.
6-1-2015 Newshound Guru Tlar One more thought. If the CBI is waiting on the security situation as so claimed, that is a big mistake in my opinion. First off the CBI and the government has issued cards to make government payroll. They are not sending cash into mosul or any city that is under the control of ISIS. If Iraq eventually runs ISIS out of the county, undoubtedly ISIS will take their spoils with them, especially cash. ISIS has to know that at some point Iraq will delete the zeros so even though it has been mostly USD they have stolen from the banks, they must have some dinar. That dinar is already lost or moved. The likelihood or repatriating it is as remote as getting the Iraqi oil they stole and sold out of of the country. Not changing the value of the currency as quickly as they can IMO, will cost them as a country more in the long run than if they change it now. It retards their economy and the economy is more important to get going than protecting any dinars they might loose from ISIS. So as an argument to hold the project up at this time IMO doesn't make sense to me. [post 2 of 2]
6-1-2015 Newshound Guru Tlar The reason the CBI is planning for a more valuable series of bank notes is because this will help solve the liquidity problem because as these notes are introduced, the hope is that they will temporarily reduce the need for higher note USD that is principally being sold at the auctions. The CBI is scrambling to fix the liquidity problem but that will take time. Money has to work its way into the economy. They can't just dump it in. Personally I think the program to produce these big notes is dead before it begins especially if it will take until 2016 to start to introduce them. Too little too late. They need to do something now and that something in my opinion is to get the RV into high gear now. We are starting to see articles from other economists that feel the same way. Introduce a smaller note with value. No good argument can be made for introducing a large note at this time. If someone is going to attempt to counterfeit a small note, surly they will also counterfeit a larger note with large value. Introducing a new note is still introducing a new note and counterfeiters are more likely to try to produce a big note. Personally I think it would make much more sense to just RV NOW, rather than wait until 2016 to introduce the large notes. I think that is what they will do. [post 1 of 2....stay tuned]
6-1-2015 Newshound Guru Kaperoni Article quote: "Said Governor of the Central Bank of Iraq...that early 2016 will see the issuance of new categories of paper currency is the dinar and 50 000 100 000 dinars, the Iraqi currency notes series." To me this means - that this step will be the beginning of the currency reform process that will occur in 2016. Well, if you believe what he is saying it looks like we wont see these larger notes till beginning 2016. That also means any further reform (deletion of zeros) apparently won't start until at least mid next year. They have waited years to return to prosperity and they are kicking the can down the road. I guess parliament has time now to pass those stalled laws. ...unfortuately this appears to be the decision. That being said...that decision has merit...as they will insert this step prior to the beginning of the delete zeros process to reduce the "flabby" money. As [Guru] Enorrste has stated, reducing the physical note count is real and as well, hopefully gets citizens off the dollar. If it works, it will certainly help them as they prepare to delete the zeros shortly thereafter.
6-1-2015 Intel Guru Mnt Goat "Ministry of Finance announced in the federal government, on Thursday, it will determine the amount you will send it to the Kurdistan Region next week, asserting that the provincial government had exported the largest amount of oil in favor of the federal government." The finance ministry has also told us that for the first time they are rolling out regularly scheduled payments and so there will be reliable, accurate, on time payments on time each month in the future. I can not tell you just how important this is to the people of Iraq! This is such good news! Talk about making the citizens happy! All of these items speak miles for us and our IQD investment. We have come, so it seems, like miles and miles down this RV road. But I believe we can see the end of the long tunnel now and we are crossing the bridge to see the final completion of the project to delete the zeros. The very last step to collect our dinar and pay us handsomely to get them. The RV is very close at hand and...there are so many signs now that very possibly we could be in a good window of opportunity to see this RV very soon if all goes to plan. [post 2 of 2]
6-1-2015 Intel Guru Mnt Goat Just in the recent days we read that one of the MPs from parliament are questioning the stalling of the opening of the 2015 budget. It is the month of May already and almost 4.5 months since they passed the budget. What we did not all know is that this article is telling us is why the budget is stalled. It also confirms to us that the budget HAS NOT BEEN OPENED...It appears...that an appeal was filed in the courts by the GOI and the CBI by Abadi to postpone the budget spending. They now claim this appeal was unconstitutional. But the really nice part of this article it was Abadi (with support from his cabinet and the CBI) who stopped it. Why then stop it? So this is confirming to us more and more that they are awaiting the completion of the currency reform to begin spending the large amounts of money on the government reconstruction. So just in the last few days the minister of finance has stated that the 2015 budget money is about to be disbursed to each of the provinces. This is WOW news IF THEY ACTUALLY DO IT! [post 1 of 2....stay tuned]
6-1-2015 Intel/Newshound Guru Poppy3 LIKE ABADI SAID THEY AREN'T GOING TO BREAK FOR ANY HOLIDAY TILL THEY COMPLETE THEIR JOB. IF YOU HAVE PAID ATTENTION FOR THE LAST 3 MONTHS AND LONGER ABADI FOR OUR PURPOSE HAS BEEN VERY TRUSTWORTHY. HE HAS BEEN LIKE DR SHABIBI WAS AND HAS NOT LIED TO US. HE ALSO HAS BEEN A WORKAHOLIC. YES SOME DEADLINES HE HAS SET HAVE PASSED BUT NOT BECAUSE OF HIM...HE HAS CONTINUED TO PUSH THEM AND PROMOTE FAVOR BETWEEN ALL TRIBES ETC. 5-31-2015 Newshound Guru Millionday "Rafidain Bank announced, on Saturday, the existence of an ongoing bilateral cooperation with the International Monetary Fund in the context of providing advice regarding the development of the work of banks in the country...the Rafidain Bank began advanced steps with regard to his bank to be parallel with his counterparts in the countries of the world." SO RAFIDAIN BANK HAS LAUNCHED INTERNATIONAL BANKING AND IMF IS THERE TO HELP WITH THIS HUGE STEP WE HAVE BEEN WAITING ON. [They have launched or are going to launch?] HAVE...IT HAS BEGUN. [is this the date we wait for?] NO WE ARE WAITING FOR THE RATE OF THE US DOLLAR TO CHANGE TO AN EXCHANGE RATE THAT WILL MAKE US A PROFIT. [...we may just be real close...?] I AGREE.
5-31-2015 Newshound Guru wmawhite IMO, this event is not date driven. The CBI will be introducing the IQD to the world currency markets. It will be leaving Iraq and operating among all the other currencies of the world. Holidays will not prevent it nor cause the IQD to show its true value. To believe that they are holding out is to say we know the date. IMO, they have informed their citizen numerous times to be prepared for have additional purchasing power... I sincerely believe this is our time...exact date...don't know...but I believe it could be any day.
5-31-2015 Newshound Guru Kaperoni It is hard to imagine under the current conditions (decisions of the CBI) that they would be exiting the peg and moving to the float exchange regime in the near future. They are still trying to solve the remittance issues, foreign currency sales, market rate spread, smuggling, money laundering, counterfeiting, etc. Monetary policy is not good right now and IMO not conducive to reform. It's almost like they are on a sailboat with torn sails and high winds trying to just hang on. The term "disorderly" is clearly apparent. With all that being said, there is a strong case for urgent reform and we will have to just wait and watch to find out. The 2015 IMF Article IV Consultation comes out mid to late July.
5-31-2015 Newshound Guru tlm724 Article: "Rafidain Bank is coordinating with the International Monetary Fund for the development of the banking business in the country" Rafidain Bank, announced a steady bilateral cooperation with the International Monetary Fund in the context of providing advice regarding the development of the work of banks in the country...now thats good news! Consulting with the IMF, again it's about time they listened! Rafidian Bank is actually growing and going global, all good signs for them and for us.
5-31-2015 Newshound/Intel Guru BGG [What's your thoughts for tomorrow?] I am as hopeful as everyone else - however, I'm not invested in any date over another. To me this is an investment - I'm glad I got in...that is my personal stance... I also am exactly what I have advised over and over - prepared.
5-31-2015 Newshound Guru Millionday [With Iraq and Kuwait sharing the same oil fields and the kuwaiti dinar at $3.30 would you say that it makes sense globally for the IQD to be at that same rate if not more?] THE INTERNATIONAL EQUATION INCLUDES MANY THINGS AND THEY COULD USE THE PEN FOR PRICING -- SO NO WAY TO GUESS BUT I WOULD NOT BE SHOCKED FOR THEM TO BE CLOSE IN VALUE BECAUSE HISTORY REPEATS ITSELF IMO AND IT DOES MAKE LOGICALLY SENSIBLE -- BUT I HAVE NO IDEA WHAT THE RATE WOULD BE.
5-31-2015 Intel Guru Jester [If we see an RV, will there be multiple currencies revalue at the same time? Of course, all currencies will revalue against the dinar if it revalues but, will some revalue on their own at the same time?] I DO NOT THINK THAT THERE WILL BE THAT SORT OF A SCENARIO... IN MY OPINION THE RESET IS NOT REALLY WORKING OUT TO BE THE FLIP THE SWITCH KIND OF THING THAT WAS PREVIOUSLY EXPECTED... THERE IS GOING TO BE A LOT OF ASSET VALUATION AND ADJUSTMENT GOING ON OVER SOME PERIOD OF TIME...
5-31-2015 Newshound Guru Millionday [For those among us who are new... "deleting the three zeros" has a somewhat scarey vibe to it. Is this phrase an indication of: (a) deleting the zeros in front of the 86 (b) retiring the large (000) notes from circulation? Or, (c) something else?] IT IS EXCHANGING THEM FOR THE CURRENCY YOU WANT TO USE IN YOUR COUNTRY FOR THE INTERNATIONAL VALUE THEY PUT OUT ON THE STOCK MARKET OR CBI-BANKS ETC -- WHEN THEY ENTER A MARKET ECONOMY. [post 2 of 2]
5-31-2015 Newshound Guru Millionday THEY FORMED A GROUP TO MONITOR THE MONETARY POLICY LAUNCH AND ECONOIC REFORM AS WELL... Article quote: "it is deleted three zeros from Almtadolh currency now put metal and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils)" THIS IS FROM LEADING ECONOMIST... HE IS ANNOUNCING THE NEW DENOMINATIONS THAT THEY WILL NEED TO USE. THE NEW CURRENCY THEY ARE TALKING ABOUT TO BE INTRODUCED NOW...ARE MUCH MORE SECURE THAN THOSE IN THE PAST AND THEY ARE SAYING MORE SECURE THAN OTHER COUNTRIES. [...is this new currency printed and ready to go...?] THEY HAVE CURRENCY PRINTED... [post 1 of 2....stay tuned]
5-31-2015 Intel/Newshound Guru Poppy3 ...LET ME SAY THAT ABADI, JABOURI AND THE TEMP CBI LEADER STATED TO THE ENTIRE PUBLIC OF IRAQ THEY WANTED FINANCIAL REFORM IN MAY WELL IT APPEARS THEY MAY HAVE MISSED THE DATE BUT ALSO THAT THEY AREN'T OR HAVENT MISSED IT BY MUCH AT ALL. THEY HAVENT ALLOWED A DAY OFF FOR ANY OF PARLIAMENT OR THE COMMITTEE'S IN OVER 3 MONTHS AND ARE STILL SAYING NO TIME OFF TILL THEIR JOB IS COMPLETE. ...NO ONE HERE KNOWS WHAT IS NEEDED BUT THEIR LEADERSHIP HAS THE COMPLETE CHECKLIST PROVIDED BY AND AGREED ON FROM THE IMF, WORLD BANK, UNITED NATIONS AND THEY KNOW AND WILL NOT STOP TILL THEY COMPLETE THE REQUIREMENTS. REMEMBER THEY NEED THIS AS BAD AS WE DO SO RELAX IT IS COMING FOR SURE. 5-30-2015 Newshound Guru Millionday "To / banks approved the exercise of all banking and money transfer companies approved all and mediate the sale and purchase of foreign currency approved all companies ( members of the Board of Directors and Director Commissioner ) " THIS...IS A DIRECT ORDER FROM CBI TO BANKS. [so does that mean immediate?] YES IT DOES NOT HAVE A HOLD OFF DATE -- IT IS A DIRECT ORDER. THINGS SURE LOOK EXCITING RIGHT NOW.
5-30-2015 Newshound Guru Breitling ...Obviously the 40 trillion in dinar in the money supply doesn't just count the notes. The money supply of the country has to do with their reserves, the dollars, all the bank notes they have from other countries, coins, gold, silver, the dinar itself, But we are concentrating on the dinar because all the other currency or the reserve or what wealth they have in Iraq that's what adds value to the currency. If you have 6 Billion notes and you reduce it down to 4 billion whatever was backing it up is backing up less and less notes so every note that's left on the market is gaining more and more value and that's the whole point. Don't get confused with the "amateur" bunch that they have 40 trillion dinar notes in the market because it doesn't say that…they never have. The articles says the country is suffering from a contraction in liquidity of both dinars and dollars and the VALUE of the money supply is less than 40 trillion dinars… [Post 2 of 2]
5-30-2015 Intel Guru Frank26 This is what has ALL our TEAMS excited Quote: "...according to the monetary banking law, has to be a return to basic sources which constitutes a strong factor in restoring confidence to our national currency..." According to LAWS! That are NOW in place with the GOICBI and her recaptured regional banks in Iraq...THEY HAVE TO LIFT THE DINAR'S THREE ZEROS from the IMF'S PROGRAM RATE because these LAWS are NOW demanding this step in the MR [Monetary Reform]. Along with THE GREEN LIGHT from THE IMF to do these LAWS and LIFT THE THREE ZEROS... Tomorrows CBI SS (Spread Sheet) will be in logarithmic growth.
5-30-2015 Newshound Guru sczin11 THE CHANGES WE SEEK MUST BE ON THE DOORSTEP NOW, OR THE RHETORIC WE READ WOULD NOT BE VISIBLE... YOU SEE IF THE CHANGES OCCUR BEFORE THE LAWS ARE IN PLACE, MANY OF THE BENEFITS WILL NOT BE REALIZED...FOR EXAMPLE, INVESTORS NEEDING AND DESIRING THE CHANGES IN THE INVESTMENT LAWS, MIGHT STILL DELAY THEIR MONEY FROM ENTERING THE IRAQI MARKET, EVEN IF THE CURRENCY CHANGED...BUT AGAIN, THAT DOES NOT MEAN WE CAN NOT SEE THE CHANGE FIRST...AS A MATTER OF FACT, CAN YOU IMAGINE THE PRESSURE IT WOULD PUT ON THE HOR, IF MR WAS COMPLETED, AND THE LAWS WERE NOT? WE ARE STARTING TO SEE TALK ABOUT FUNDING THE PRIVATE SECTOR...DO YOU UNDERSTAND WHAT THIS ENTAILS, AND MORE IMPORTANT, WHAT IT MEANS? LAST, HOW MUCH MORE PATIENCE WILL THE KURDS EXHIBIT...SALE OF OIL, AND ...THE ESX! THINK ABOUT IT. [post 2 of 2]
5-30-2015 Newshound Guru sczin11 DO WE REALLY NEED LAWS PASSED FOR COMPLETION OF MONETARY REFORM? IF SO, A FORMALITY FOR WHAT EVENT? ...NONE OF THE LAWS ARE DIRECTLY CONNECTED TO A SIGNIFICANT INCREASE IN THE EXCHANGE RATE OF THE NEW IRAQI DINAR...NONE OF THEM WILL ADD PURCHASING POWER TO THE IMPORTERS...NONE OF THEM WILL BUY MORE PRODUCT FOR THE CITIZEN, FOR LESS DINARS...NONE OF THEM WILL ELIMINATE THE COMMISSIONS AND EXCHANGE FEES FOR CONVERSION OF DINAR TO OTHER FOREIGN CURRENCIES...AND NONE OF THEM WILL INSTANTANEOUSLY MAKE THE IRAQI DINAR INTERNATIONALLY RECOGNIZED AND TRADABLE ON THE INTERNATIONAL MARKETS...IT IS MY SINCERE BELIEF THAT THE TIMING OF THEIR PLAN, HAS COME...IT HAS BEEN IN THE WORKS SINCE AROUND DAVOS MEETING IN JANUARY, WHEN ABADI STATED, "IRAQ IS OPEN FOR BUSINESS!" [post 1 of 2....stay tuned]
5-30-2015 Newshound/Intel Guru BGG [do you think parliment got enough done to have a currency change now or do they need more laws to go thru first...was wonderig since it looks like parliament is on vacation till July?] I do not believe anything needs to pass Parliament first - maybe the Investment Law shortly after - but that is it.
5-30-2015 Newshound Guru tlm724 Article quote: "For his part, President al-Jubouri announced the end of the legislative year, indicating that the first session today is the last session after the extension of the Legislative Council for the second semester for a month, confirming the validity of the Presidency of the Council to call a special meeting held in the event of the end of the discussions of the parliamentary blocs on important laws." on break for a month or UNTIL they call a special meeting held in the event of the end of the discussions of the parliamentary blocs on important laws.
5-30-2015 Newshound Guru Millionday Article quote: "the presidency is seeking to resolve the issue of the three pass important laws (the National Guard and the Federal Court and the parties) for a vote in agreement with the heads of parliamentary blocs." THEY PLAN TO VOTE IN NATIONAL GUARD -- PARTIES -- AND THE SO VERY IMPORTANT -- FEDERAL COURT ACT...TOMORROW [SATURDAY]. NOTE -- IN A HUGE RUSH TO GET THEM DONE. THEY MET YESTERDAY TO ENSURE THIS IS DONE QUICKLY SO THEY ARE GOING RIGHT TO VOTE. THEY SPENT YESTERDAY REMOVING ALL OBSTACLES IN THE WAY AND I BELIEVE THEY PASSED SOME LAWS YESTERDAY TOO -- EXPECTATION IS OVER 20...LAWS TO BE PASSED. THEY PLAN ON DOING ALL THE IMPORTANT LAWS TOMORROW [SATURDAY]...
5-30-2015 Newshound Guru Breitling [Article: In an important step to support the economy through monetary reform the central bank of Iraq plans to introduce bank notes with larger values than the ones in circulation…the market needs large value bank notes because dealing with the large blocks of money in Iraq is very difficult…this plan will reduce the amount of money especially large blocks and make up 90% of the money supply in circulation…the country is suffering from a contraction of liquidity in both dinar and dollars.] there are not enough dinars out there. Why? Because they have reduced the note count. There's not enough dollars out there. Why? Because they are sucking in the dollars to put in their reserves. Here's the part where people get confused every time…[Post 1 of 2 stay tuned for the rest of the story]
Read more: http://www.dinarguru.com/#ixzz3ct2pI2NN
5-29-2015 Newshound Guru Millionday "Undersecretary Fadel prophet in a press statement, said that "the Minister of Finance began to work for the disbursement of the budget provinces for the year 2015..." THE OPENING OF THE BUDGET HAS BEGUN MY FRIENDS... LET ME TELL YOU THAT THIS IS HUGE...CBI IS OPENING THE BUDGET AND IRAQ IS OPENING THE DOORS -- WE CALL THAT ACTIVATION OF THE PRIVATE SECTOR AND THE MARKET ECONOMY. [won't they have to change the value before distribution funds in the budget? where is the money coming from if it is not borrowed?] CBI HAS THE FUNDS FOR THE BUDGET AND ALSO AS A COUNTRY THEY INVEST AS WELL AND FEDERAL REVENUES OF TAXATION AS WELL -- AGREEMENTS ETC -- AND NOT LONG AGO THEY WERE ORDERED TO DO THE INTERNATIONAL EQUATION -- THAT IS THE GLOBAL PRICING INDEX AND INCLUDES THE CURRENCY AS WELL ACCORDING TO GLOBAL ECONOMICS. THEY WILL ALWAYS HAVE LAWS THEY ARE WORKING ON -- WE JUST NEED THE SPOT IN REFORMS THAT SEND THEM INTERNATIONAL--GLOBAL MARKET. [Are we there yet?] ACCORDING TO THE NEWS TODAY -- CLOSE.
5-29-2015 Newshound Guru Aggiedad77 Article: "Presidency of the Council of Representatives will meet tomorrow with the heads of the blocks to take a final decision on the three laws" Speaker of Parliament to meet with heads of political blocs again tomorrow to discuss the possibility of resolution on three of the main laws tied up in Parliament currently...Law of Parties, National Guard Law, and Federal Supreme Court Law...we can continue to be hopeful.
5-29-2015 Newshound Guru Millionday Article quotes: "Foreign Minister Ibrahim al-Jaafari, Thursday, that the doors of investment in the Iraqi market is open to friendly countries..." "looking forward to "intensify dialogues for the implementation of the agreements signed between the two countries." THE AGREEMENTS BETWEEN COUNTRIES -- ARE STRATEGIC FRAMEWORK AGREEMENTS. SO KUWAIT AND IRAQ AND ISSUES ARE RESOLVED TO THE POINT OF IT SOUNDS LIKE EXCITEMENT ON BOTH SIDES. OPEN DOORS ANNOUNCED BY IRAQ...WOW. NOTICE THE BIG WORD OF ACTION---IMPLEMENTATION --- WHOOOPOW. IMPLEMENTATION NORMALLY MEANS WITHIN A VERY SHORT PERIOD OF NOT --NOW.
5-29-2015 Newshound Guru Breitling You want to know my mood about Iraq? It's unbelievable what's coming out! I'm going to be in Iraq for the next 20 years…I'm heavily in the ISX…I have stock and I'm getting ready for when they are on NASDAQ so whatever the situation is, [whether] ISIS or Iran does something, that's what I'm aiming for.
5-29-2015 Intel Guru Delta [via FrostyTheSnowman] The article came out today ...the currency...the new notes are going to compete with the other currencies in Iraq – meaning the dollar, the Euro’s or whatever they’ve got there. They stated they were going to give value to the Iraqi dinar...indirectly they are giving you the announcement right there. I’m excited!
5-29-2015 Intel Guru Frank26 [via FrostyTheSnowman] Dr. S [Shabibi] got permission from the IMF...the green-light...he told them he needed security and “funding.” That funding was to just last them a month and this month is coming to an end. They are asking for more money … but I don’t think they’ll give it to them. Oil from Iraq will go global. Cities will be secured. Amazing technology being used ...in Iraq right now. Our Teams are “cautiously optimistic” because the advancement has happened so fast! We are very impressed. Super high chance before Ramadan. Ramadan officially starts on the 18th of June. 5-28-2015 Newshound Guru Aggiedad77 "Presidency of the parliament decides to end the legislative term session next Sunday" Looks like Parliament is going to pull the plug on the existing session this coming Sunday...so a break appears to be coming up for the time of Ramadan...unless someone changes their mind.
5-28-2015 Newshound Guru wmawhite What is incredible is the thought that the CBI would put the IQD on the world currency markets at anything less than what the CBI believes its true value is. For the CBI to put the IQD out there at anything less is literally giving away its wealth. Furthermore, the CBI, who happens to own the IQD, does not care if we own 1 IQD or if own a billion IQD. The fact that we invested is fact that it has value greater than 1166. ...we can only speculate what...the true value is... The IQD is an asset in itself and the idea of Iraq putting it on the world market for anything less than its true value is not wise...and the CBI is very wise.
5-28-2015 Intel/Newshound Guru tman23 I don't follow or look at the VND... The inflation rate in Vietnam is getting under control but still over 20%...which makes a revaluation unlikely... [Agreed - but I have some because, you never know.] I also have some for the same reason.
5-28-2015 Newshound Guru Millionday "The Deputy Chairman of the Committee of Economy and Investment parliamentary Harith al-Harthy, in 20 of last March, that the amendment of the investment law, investors will be in service..." THE INVESTMENT LAWS WERE AMMENDED TO MOVE FORWARD WITH SPEED FOR THE INVESTORS. [Does that mean that the Investment Laws have been voted through?] THE INVESTMENT LAWS WERE JUST BEING AMENDED -- SO IT APPEARS THEY ARE PART OF THE LAWS MOVING FORWARD.
5-28-2015 Newshound Guru Aggiedad77 Money flows within Iraq but is it flowing in the right direction and as smoothly as is needed...for sure the CBI is unable to loan money to the government...that we've known for a long time...meanwhile the Trade Bank of Iraq is loaning money to victims of a recent fire...compassion lending...The Kurds are turning up the heat on Baghdad saying that After May we will no longer share our oil or revenues generated from its sale with you...if you won't make budget payments we will take matters into our own hands again.
5-28-2015 Newshound/Intel Gurus Top Shelf and Backdoc ...additional columns...appeared on the CBI spreadsheet...the numbers...(the VALUE)...also increased! THE FACT THAT THESE NUMBERS ARE BEING ALTERED, AND DOING IT NOW INDICATES URGENCY ON THEIR PART! THEY ARE CLEARLY BEGINNING TO SHOW THEIR HAND SO TO SPEAK! THIS ACTION TELLS ME THEY ARE IN A HURRY! WHY? ...COULD IT BE THE RAMADAN IS NIPPING AT THEIR HEELS?
5-28-2015 Intel/Newshound Guru tman23 Monday comes and you don't see fireworks and a parade going by doesn't mean nothing has happened...Be patient up to the 15th of June... We are in a speculation that $21.50 will become 25,000 plus...And as "grown ups" we know how stupid that sounds... But as speculators and following the trail...we also know the possibility exists.
5-28-2015 Newshound Guru Adam Montana [With the CBI lending/giving money to the GOI and banks, is this a good sign?] I don't think it's a bad or a good sign. The CBI does whatever it wants and as long as I've been watching this deal, they ALWAYS stay on top of every aspect. With that said, I don't worry about what they do until the day they change the rate. Everything else is just fluff and filler. I know that Iraq has major potential to increase the value of their currency, and that hasn't changed at all.
5-28-2015 Newshound Guru Millionday [What is your feeling on that the Parliament does not need/or is required to pass laws in order for the Central Bank of Iraq to change to value of the IQD OUTSIDE of Iraq.] THEY DO NOT. CBI HAS THE JOB OF RELEASING THE INTERNATIONAL VALUES AND THE VALUE OF THE DINAR IN IRAQ.
5-28-2015 Intel/Newshound Guru Backdoc THE VALUE HAS SKYROCKETED BY REDUCING THIS NOTE COUNT. THEY ALSO ADDED VALUE BY STICKING TO AN OPEN GOLD PURCHASING POLICY. IN ADDITION THEY CAN ADD VALUE BY INCREASING BLACK GOLD PRODUCTION WHICH THEY ARE ON A PATH TO DO. THEY CAN ALSO INCREASE VALUE BY VALIDATING PROVEN MINERAL WEALTH IN THE GROUND AS WELL AS SIMPLY ADDING CASH TO THEIR RESERVES. ALL OF THESE ARE OCCURRING. IF WE IGNORE THE POLITICAL DRAMA AND FOCUS ON THE MONEY SIDE OF THE EQUATION WE CLEARLY SEE THE PLAN IRAQ USED TO BRING THE CURRENCY BACK TO ITS FORMER GLORY! [post 2 of 2]
5-28-2015 Intel/Newshound Guru Backdoc AFTER THE IRAQ WAR, NEW CURRENCY WAS PRINTED AND RELEASED. FROM THAT POINT OF RELEASE TO NOW, A JOURNEY OF DECREASING THE MONEY SUPPLY, OR REDUCING THE NOTE COUNT AS I LIKE TO SAY, OCCURRED. THIS WAS DONE IN IRAQ BY DOING CURRENCY AUCTIONS. THOSE AUCTIONS STILL EXIST IN SOME FASHION BUT THEY ARE HIDING THEM CAREFULLY...THEY SIMPLY SOLD DOLLARS AND TOOK DINAR IN PAYMENT FOR IT. [post 1 of 2....stay tuned]
5-28-2015 Intel/Newshound Guru tman23 We are grasping at a speculation that $21.50 could return $18,000 usd or $86,000 usd...which is ludicrous to anyone with common sense... But reality is it has a chance of happening...a revaluation that involves a profit...Iraq has been very evasive on the subject... I would not follow this for 1 day if I did not have the belief that there is a great opportunity for a substantial profit...and that profit is not from a slow float gaining value.
5-28-2015 Intel Guru Mnt Goat Mastercard is not yet international...these cards can be used by anyone processing them when they are abroad (in another country) to use as a DEBIT card and a DEBIT card only. Iraq wants citizens to receive their oil royalties when abroad. Where does this money come from? How do they convert the dinar then to the countries currency equivalent? This money is simply money that is a fixed rate (.86, 1.14, 1,17, etc) from the program that the card holder has been allocated money for by the government and has nothing to do with the global currency exchanges. This money is from the social programs. These cards do not at this time need to tie into the global currency exchanges to get the rate to convert the program amount from dinar to the country’s currency. ...come June and July Iraq will be using these debit cards to payout in some foreign countries and still there will be no international rates progressed to the exchanges thus no RV. So there is absolutely no pressure to RV to set this up to work when they plan to begin paying out the oil royalties. 5-27-2015 Newshound Guru Millionday [WHEN DO YOU THINK THEY WILL VOTE ON ALL OF THE PENDING LAWS ESPECIALLY THE FED CT LAW AND THE INVESTMENT LAW?] THEY HAVE STATED TOMORROW AND ALL WITHIN A FEW DAYS THE TRANSLATION OF THEM NOT VOTING IT IN WAS A BAD ONE AND MEANT THEY WERE VOTING ON THURSDAY THE FED COURT ACT.
5-27-2015 Intel Guru Mnt Goat Once again I am saying I am not calling the RV for June or even July but am telling you there is NO sound evidence that it can or will happen prior to this timeframe of mid June. In fact the most recent news is now telling us we may have to wait until early 2016 but I personally feel if they can control this terrorists threat in Iraq and push out the Iranian influence we might see the RV sooner than later (like maybe this summer). We must wait until the USA and the UN deems it is the right time for Iraq to bring back their currency. NO SECURITY, NO NEEDED LAWS, THUS NO RV!
5-27-2015 Intel Guru TerryK I'M HEARING AND NOT KIDDING TOMORROW IF NOT TONIGHT...SOMEONE TIPPED THEIR HAND TODAY. ...UST PERSON... SAID THAT THERE IS SOME TYPE OF ACTIVITY GOING ON..."PINGING". [is pinging how the banks talk to one another, in a sense?] [In a sense...for instance when i enroll a new employee in direct deposit the bank we deal with pings the employee's account to ensure it's the correct one before depositing money into it.] YOUR SPOT ON.
5-27-2015 Newshound Guru Adam Montana [What would your response be to those of us that are feeling uncertain about an RV ever happening.] I've been harping on the importance of the HCL for a couple years now, and we're closer than ever before to serious success on that front. As encouraging as that may be to myself and others, it's always important to remember that only two things in this life are guaranteed... and an RV isn't one of them.
5-27-2015 Newshound Guru Millionday Article quote: "Legal Committee of the Parliamentary member Ibtisam Hilali, on Wednesday, that the Federal Court Act will not be voted on in the parliament session for tomorrow Thursday." SO MANY LAWS WE KNOW ARE IN SESSION TOMORROW --THEY SAY HERE THAT FED COURT ACT WILL NOT BE VOTED ON -- WE WILL SEE. [Does this federal court act have anything to do with the RV?] IT HAS TO DO WITH IRAQS COMPLETION IN DEMOCRATIC LEGALITIES.
5-27-2015 Newshound Guru wmawhite I just do not understand why so many folks think that the Parliament needs/or is required to pass laws in order for the Central Bank of Iraq to change to value of the IQD OUTSIDE of Iraq. The two are not related...the true value of Iraq today is what it is without...laws. Plus, it's value is relative to other country's opinion of Iraq. Again, we are talking, wanting something that is relative to outside of Iraq. Now, the future growth of Iraq will be determined by many things/events and certain laws will help in the future growth of Iraq. I have never believed that any laws is/was a reason for the CBI to do whatever it wants to do. Or I should state was a reason for the CBI not to do whatever it wants to do.
5-27-2015 Newshound Guru Adam Montana [During Ramadan, does the Iraqi parliament meet at all or is it in recess until the end of Ramadan? If it is in session can they pass any legislation on things like the HCL? And is it legal for the Bank of Iraq to RV during Ramadan?] I've always said in the past that nothing major happens during Ramadan and I don't have much reason right now to think that will change, BUT we have a couple of pending things. 1. The US is now moving in favor of adding more support to Iraq with the motive of defeating ISIS. 2. We're still on the verge of major HCL movement. If we get immediate movement on those two things, or a couple of other key items, then we might see pressure on Parliament to break tradition and actually sing some high notes during Ramadan. The timing of everything is key right now. So to answer the rest of your question, YES it is possible to see major activity from Parliament, even during Ramadan. I always said it wasn't likely in the past, but this year could be different, depending on how things go over the next couple weeks.
5-27-2015 Intel Guru Frank26 [via FrostyTheSnowman] ...the VND Dong...don’t be in disappointed when you see the banking systems have been degraded – last year and this year. That is not a bad thing. Vietnam has amazing control over their inflation. They are expanding and growing the way they are. Degrading is how they control core inflation rates. They joined the trade pack so the currency now has to go through some “hoops” and you will see the Dong is going through what the IDQ went through about a year and a half ago.
5-27-2015 Newshound/Intel Guru Top Shelf I’m bouncing off the walls right now, waiting for what is coming. There is great expectation...I know it’s not over until it’s over but there is just too much LIQUIDITY there and the timing of debt servicing...you can’t mess around with that...you could lose it all if people figure it out...before it happens. The auctions are there...they never went away. No one can find it...but the numbers don’t lie...they are there. The assets over the last 2 years...10 to 30% a month...120%...240 times the assets and they’re paying off debt? The assets...it’s six times higher than it’s ever been and that’s even after paying things off. They still don’t have all of the assets accounted for but they don’t need it. Why? They’ve got it all! The GOI has money to spend comin’ out of the gate! There is not a single thing that is not done. ...its ready to go![post 2 of 2]
5-27-2015 Newshound/Intel Guru Top Shelf [via FrostyTheSnowman] QUESTION – How much is a 25,000 dinar note worth right now at today’s exchange rate? ANSWER – around $23.00 USD. QUESTION – So two 25,000 notes equal...50,000 dinars...which would obviously be around $46.00 USD. ...if they remove all of the 3 zero notes...if they came out with a new 50 dinar note...the old two 25k notes... would be equal to a 50,000 dinar note...would only be worth $46. So a new 50 dinar note...would be equal to a 50,000 dinar note...under the new structure. I’m not taking into consideration at all...any of the additional liquidity behind the dinar. This is what the CBI is saying with numbers. Numbers translate the same...no matter who (or what) it is. It’s a universal language...a language of numbers. A 50 dinar note...up and coming...is technically the same thing as a 50,000 note today – once you remove the 3 zeros. [post 1 of 2....stay tuned]
5-27-2015 Newshound Guru Kaperoni Article: "Completion of the final version of the law of parties" Quote: "The head of the House of Representatives on Monday Saleem al-Jubouri, said that the 22 bill reached the stage of voting in parliament, noting that the National Guard and the Federal Court Rules and laws of the leading parties, which came to a vote." It sounds like they are saying 22 bills are ready for final vote.
5-27-2015 Newshound Guru Millionday Article quote: "...the Presidency of the Council of Representatives is determined to pass more than 20 laws, said during the next three days, the most important of the National Guard and the Federal Court and the parties." THEY PLAN 20 OR MORE LAWS TO BE PASSED IN THE NEXT FEW DAYS. [Does that include HCL?] THEY HAVE INCLUDED IT IN REPORTS...I SAY YES BY WHAT I HAVE SEEN. 5-26-2015 Newshound Guru wmawhite Folks, for the last 9 months the dollars that you own have actually increased in value over 25%. However, the notes I have still had the same numbers on them. My checking account did not increase either. In other words, the USD became stronger but we didn't notice it inside of the USA. However, had you flown to any other country and exchanged the USD for that country's currency you would have received much more that a year ago. So, when the value of the IQD increases it will be noticeable over many months in the jobs and stores inside Iraq. The big change will not be of benefit to the Iraqi unless he travels outside of Iraq and exchanges the IQD. [Are you expecting this to start out at 86 cents?] JIMO...the like value of $43.00 is just an example it will take much more than $0.86 to get those prices down to make it seems as $43.00. In other words, much greater than $1.00. [post 2 of 2]
5-26-2015 Newshound Guru wmawhite [So they want to Increase their money supply or no?] It is a fine line...they need the notes in order to buy/sell...However, the fewer notes country wide the more value there is. Folks, all this talk in Iraq about the currency/notes is really not about what we want. It is needed in a sense because they will need the correct mix of notes in order to participate within the economy. However, when they speak about value with smaller notes, then that is dependent upon the value of the IQD outside of Iraq ...keep in mind when you hear "increased purchasing" power that only happens for the Iraqi when the costs of goods decrease, i.e. the prices on the shelves go down. This will happen when the currency that is buying those goods increases in value. the reason this is such a requirement is because 90+% of all goods in Iraq are purchased outside and imported. [post 1 of 2....stay tuned]
5-26-2015 Newshound/Intel Guru BGG With the recent news, I am so thankful I have all my affairs in order because there is no telling what is going to happen. Article: "Central Bank of Iraq To Issue Large Value banknotes" This is really the biggest news of the day. In context it says "large value banknotes"...it is plain what thought they are trying to transmit to the average Iraqi...they are implying there will be higher or more value to their currency. I don't think we will have long to find out.
5-26-2015 Intel Guru Delta Just a quick update about the CBI. I’m excited...it looks like we are ready to finish the final chapter. We have some confirmation about the article came out about the 50 dinar...the 1,000 dinar...the 100,000 dinars … basically the confirmation from the CBI...they stated that the CBI is planning to increase the value of the Iraqi Dinar BEFORE they introduce those denominations. Lots of things starting to line up. Looks like we might see the rate change before Ramadan. We believe that everything is done...just waiting for the right timing between the GOI and the CBI. IMO...this is the right timing...before Ramadan.
5-26-2015 Intel/Newshound Guru tman23 [we are still in a goodplace w/this investment IYO?] ABSOLUTELY! WHY WOULD ALL THE ARTICLES BE DEMANDING REMOVE THE ZEROS...FROM PARLIAMENT...IF SECURITY WAS AN ISSUE? WHY?
5-26-2015 Newshound Guru Millionday Article quote: "...announced the approval of the establishment of each of the Rafidain and Rasheed deposit part of their money with private investment of the funds of private banks in investment projects..." REMEMBER THAT RAFIDAIN BANK HAS ANNOUNCED THEY ARE OPENING INTERNATIONAL BRANCHES. SO THE FUTURE PLANS ARE HERE -- WHOOPOW -- MOVING FORWARD WITH PROGRESS THEY PLANNED ON... IRAQ SEEMS TO BE GOING FORWARD AS PLANNED...
5-26-2015 Intel Guru Frank26 IMF said you have to do 2 things – raise the rate and pass those border taxes. Guess what? The CBI/GOI today ANNOUNCED they have 20 laws about to be released and it’s the tariff laws! All of this to get security. Do you see that MasterCard wanted to come into Iraq...still needs an international rate but they still issued the cards to the retirees living outside of Iraq. Position and posturing. Last year is the first time we didn’t see the GOI go on vacation in the summer. They are there working. It is permissible to work during Ramadan – it’s just rare.
5-26-2015 Newshound/Intel Guru BGG Article: "Central bank of Iraq to issue large-value banknotes" Quote: "In an important step to support the economy through monetary reform, the Central Bank of Iraq plans to issue banknotes with larger values than the ones in circulation..." they plainly said "large value notes"...Large value - NOT LARGE...WOW! [Please give an example of Large ---VALUE note.] by their own admission - a 50 Dinar note worth $43.00 - that would be a large value note. looks like things are about to get interesting.
5-26-2015 Intel Guru Delta they’re ready to go, we’re very, very close and they have to keep moving...the banking system is ready and there’s a lot of pressure. The financial committee said JUST LIFT THE 000’S so you can move forward. I believe they’re waiting for the right timing. ...if they do it during Ramadan it’s going to be confusion, but if they do it a couple of weeks before, they’ll use the dinar and not shock the market. ...the longer they go without a RV, the longer it’ll be for the next window and they can’t do it until the mid-July or end of July... Can they wait, yes, but the longer they wait, the more issues they’ll have. the next window is from now to the first week in June...we know it’ll be 85-86 cents. [post 2 of 2]
5-26-2015 Intel Guru Delta It looks like the Parliament had a meeting with the leaders to pass 20 pending laws...they’re ready for voting. They’re going to accomplish this in the next 3 days. One of the most important is the investment law... The revaluation is to increase the rate and this law will help Iraq do that. Everyone knows that the CBI is coming out with the 50 and 100 dinar...still confusion that it’s a 50,000 and 100,000 but it’s not…it’s just the value. Abadi said this is what we need because we need the money supply, easier to carry around and something they don’t have to use like US dollars. It looks like the rate will change before they introduce the lower denominations and 24 - 48 hours we should see the lower denominations along with the 20 laws to pass this week and the activation for the private sectors we’ve been waiting for...the new rate is one of the anchors for the private sector and economy. [post 1 of 2....stay tuned]
5-26-2015 Intel/Newshound Guru Poppy3 GOTTEN SEVERAL EMAILS OVER THE WEEK END AND EVIDENTLY SOME [ONE] HAS AGAIN BEEN SAYING THAT BANKS ARE TRAINING NEW EMPLOYEES FOR A RUN ON THE BANK WHEN THE RV HAPPENS. ...IN AMERICA LESS THAT 1% OF PEOPLE EVEN KNOW WHAT A DINAR IS MUCH LESS ARE INVESTED IN THEM. SECOND MORE THAN 80% OF AMERICANS ARE PAid on friday YET ON FRIDAYS WHEN MOST BANKING IS DONE WEEKLY THERE ISNT A RUN ON THE BANKS THAT REQUIRES MORE TRAINED TELLERS...THERE WILL NOT BE A RUN ON THE BANKS...ALL IS WELL AND YOU WON'T HAVE TROUBLES EXCHANGING YOUR DINAR ONCE WE GET A RATE TO WORK WITH.
5-26-2015 Newshound Guru Millionday Article quote: "The emergency meeting, which was held in the presence of Parliament Speaker Salim al-Jubouri in the House of Representatives aimed at resolving differences over the broken laws and the possibility of reaching agreement on them and present them to vote at the meeting on tomorrow." THEY ARE WORKING TODAY [MONDAY] TO RESOLVE LAWS TO HOPE TO VOTE THEM ALL IN TOMORROW [TUESDAY]. WHOOOPOW.
5-26-2015 Newshound Guru Kaperoni ...i look forward to Abadi launching the inititive for a market economy next week. This will hopefully create some momentum. there is a clear plan...introduce a 50k to consolidate the physical notes...that will happen within weeks...has no effect on the rate. then when stability sets in, they will initiate the change in exchange. if Abadi's plan works, and the market economy begins to take off, it will create momentium and stability...the more stability, the more investment and it appears that Saleh wants to initiate the prjects by 2016. So the dinar will begin to rise then. And we shall see the dinar appreicate over the next few years...eventually, the zeros will be deleted as the dinar rises... unfortuatly, now is not the time...so we wait...i wish they would start now but they made it clear its not the time. the proof will be the new 50k coming out in a few weeks or less unfortuately we are going to have to sit and relax for a few months. 5-25-2015 Intel/Newshound Guru tman23 In an interview given to CNBC at the World Economic Forum in Jordan, Kurdistan Region President Masoud Barzani has warned Baghdad that a failure to resolve the budget issues will lead to the KRG selling oil independently. Either Iraq will commit to the agreement that they have and will pay the Kurdistan Region or, in another case, if they don’t and fail to pay Kurdistan, then we will be selling our own oil and collecting our own revenue,” he said, saying that the deadline for cooperation is just “one or two…months” away... Barzani statement from DAVOS economic forum...and is in INK... Baghdad has about 1 month to begin paying ...2 at the most! So we can assume that 1.2 billion is expected in full in by mid July at the latest or Kurds will collect their own oil and collect their own revenue...Abadi said a few weeks ago that starting July Iraq would be able to make all payments in full and on time... And in January he asked citizens to be patient until June.
5-25-2015 Intel Guru Mnt Goat ...now we see the resurfacing of the Mastercard contract with Iraq. I want to tell you this does not put any more pressure on Iraq to RV but is a good sign since it a progression in the plan to see the RV shortly. Iraq can begin using these cards to payout on these special welfare like programs TOTALLY UNAFFECTED BY THE RV? THEY DO NOT NEED A revaluation TO BEGIN THESE PAYOUTS! It seems we are hearing great news on many laws going into the next parliament session for the final vote and then they never reveal what happened until eventually we see them in the gazette. We are expecting a bundle of laws placed in the gazette all at once in a close proximity of timeframes when they are ready. NO SECURITY, NO NEEDED LAWS, THUS NO RV! [post 2 of 2]
5-25-2015 Intel Guru Mnt Goat ...the CBI needs a sound level of SECURITY in Iraq to bring back the currency. The USA agrees with their decision to hold off until this SECURITY level is reached. It is now up to the CBI to determine this needed level since it is their country. Let me say the GOI does not like this delay and will do everything in their power to circumvent the CBI in this matter. They are supposed to be working together on this event but apparently they are still at odds. In the long run the USA has the ultimate power to decide to complete the rollouts of the new rates to the currency exchanges and the RV can not happen without it. I am told they will NOT do it without the full support of the CBI (and not so much the GOI). [post 1 of 2....stay tuned]
5-25-2015 Intel Guru DC [via Already Blessed] WE'RE ALL STILL IN THE GAME AND THE GAME IS STILL ON...EVERYONE IS READY...
5-25-2015 Newshound/Intel Guru BGG [When the GOI orders the CBI to do something, such as drop the 3 zeros...how long should this take to be completed...this is what was ordered, correct?] We're about to get a ring side seat to see this very set of circumstances play out. [so do you feel all the isis stuff will have no impact in the very very near future?] if it does - it may enhance our opportunity - if anything. THE GOI NEEDS MONEY JUST LIKE YOU AND I... without a currency shift they cannot meet their budget and they need all the extra money they can get ahold of to fight ISIS.
5-25-2015 Newshound Guru Enorrste A member of his [Bush] staff did make a quote that seemed to indicate that he felt that Iraq would "pay" for the war in some way in the future...Bush never actually made the quote... Whether that was through a contract for oil at $23 per barrel made with the US, as some have indicated, or through a rise in the value of the dinar, as others have stated, is anyone's guess. In any case, it would not take an RV to "pay" for the war. The US, supposedly, is sitting on a lot of dinars at the Federal Reserve (although that has never been proven). Should the value float up to $1 or more, then the US will have been "paid back" for the war through that means. An RV isn't necessary. At $1 the value of the money supply would be $41.5 trillion. That is about 3 times the money supply of the world. It just can't be supported. They would have to reduce the money supply to about $40 billion PRIOR to an RV, and they can't do that and still keep the economy going. The ONLY way to do this is through a float.
5-25-2015 Get caught up on the weekend updates below and if you are not a dinarguru.com alert list yet now is a great time to do it...It's free as always and only take 2 seconds...If you invested in the dinar and spend time on the site you don't want to miss something very important because you're not on the list. Click here to get on the list now.
5-24-2015 Newshound/Intel Guru BGG Article quote: "Iraq today - the parliamentary finance committee the central bank demanded the implementation of the project to delete the zeros of the three of currency instead of issuing new editions of major categories." This is obviously THE BIG news of the last few days...Demanded...they've essentially "Demanded" an RV...I don't know how else to say it...the Finance Committee got their point across to the CBI.
5-24-2015 Intel Guru Jester [all I really want to know is date and rate...] RATE... NOT WHAT YOU ARE HOPING FOR... NOT WHAT YOU ARE EXPECTING... DATE... BETWEEN NEXT WEEK AND NEVER... HAHAHAHA. ALL THE PUZZLE PIECES SEEM TO BE IN ORDER... THE FLY IN THE OINTMENT RECENTLY IS THE APPEARANCE OF THE SO CALLED OVERPRINTED DINAR... AND WHAT THEY HAVE DECIDED TO DO ABOUT IT... BUT ALL THE PIECES ARE THERE... AND THE PLAN IS MOVING FORWARD...
AT A HIGH RATE OF SPEED. IT IS NOT GOING TO PLAY OUT LIKE EVERYONE THINKS...
5-24-2015 Intel/Newshound Guru Poppy3 Article quote: "Your national team revealed preparing promotion of the private local and industry sector strategy, on Saturday, about the government's intention to launch the strategy next week" their PLAN IS MAY AND THEY SAID IT IN INK...AND ALL THIS WONDERFUL NEWS NOW SAYING LAUNCH NEXT WEEK...WOW, WOW, WOW.
5-4-2015 Newshound Guru Millionday ACCORDING TO WHAT WE ARE READING THEY HAVE A TIMELINE FOR SO MANY LAUNCHES TO OCCUR NEXT WEEK. HOWEVER WE HAVE TO WATCH THE ACTION. [If the are planning in launching this next week, will the have the laws voted in place by then?] I WOULD ASSUME THEY EXPECT TO HAVE ALL PERTAINING LAWS IN PLACE FOR THIS ALL TO BE ACCOMPLISHED. [launch as in activate?] YES. I AM EXCITED TO SEE WHAT HAPPENS. [post 2 of 2]
5-24-2015 Newshound Guru Millionday Article quote: "Your national team revealed preparing promotion of the private local and industry sector strategy, on Saturday, about the government's intention to launch the strategy next week" [the ink looks like it is showing us the beginning of the revalue?] THE INK IS SHOWING US THE LAUNCH OF THE INTERNATIONAL BANKS -- THE PREPARATION OF THE REDUCTION OF THE PARALLEL CURRENCY MARKET ---THE LAUNCH OF THE INDUSTRY AND PRIVATE SECTOR --- TAXES /CUSTOMS/PRODUCT PROTECTION/AND MARKET EXPORTING --- AND THE MOVEMENT OF BUDGETED MONEY. ACCORDING TO REPORTS -- ALL OF THIS IS PLANNED WITHIN THE NEXT WEEK... [post 1 of 2....stay tuned]
5-24-2015 Newshound Guru Kaperoni Article quote: "the Governor of the Central Bank on the Keywords for "Qurtas News" that the project application to delete the zeros Matrouh the bank's management for years but its application depends on the stability of the country, indicating that the central bank found the plans in order to strengthen the dinar and stability through printed with groups of local currencies large Kal50 thousand dinars and 100 thousand dinars." It is very clear that nothing is going to happen with the exchange rate for a while... until stability. In the mean time, they plan to issue the larger bills to "deflate" or reduce the physical paper in circulation. Unfortunately, we have a bit yet to wait until the conditions are such that they can begin to raise the value. 5-23-2015 Intel/Newshound Guru Poppy3 THE VERY NEXT DAY ABADI ANNOUNCED THAT THE GOI AND CBI WILL WORK TOGETHER TILL ALL REQUIREMENTS ARE COMPLETED. THEY HAVE HAD MEETINGS EVERY DAY SINCE WITHOUT A DAY OFF. THE SOURCE SAID...WHEN THEY FINISH WE WILL SEE THE NEW RATE REGARDLESS OF TIMING OF RAMADON, HOLY DAYS, END OF QUARTER, BEGINNING OF QUARTER, NEW YEARS ETC. I AM VERY ENCOURAGED AND EVEN GETTING EXCITED BECAUSE INDICATIONS ARE THEM SAYING THEY WANT TO FINISH IN MAY APPEARS VERY ATTAINABLE. [post 2 of 2]
5-23-15 Intel/Newshound Guru Poppy3 I REPORTED TWO MONTHS AGO THAT HAS NOT CHANGED...INFORMATION FROM THE BEST SOURCE EVER...SAID [MEETING OF] ALL IMF,WORLD BANK, ABADI , JOBORI AND THE LEADERSHIP STAFF OF CBI INCLUDING DR SHABIBI TOOK PLACE...AND THEY COVERED THE LIST OF ALL ITEMS THAT NEED COMPLETING STEP BY STEP TO MEET ALL REQUIREMENTS. THEY THEN DID SOMETHING THAT THEY NORMALLY...HAD NEVER DONE...THEY PLEDGED TO ONE ANOTHER TO EACH DO EVERYTHING THEY MUST DO TILL THEY COMPLETE THE LIST, THEY SHOOK AND THEN HUGGED ONE ANOTHER ON THE AGREEMENT. (THAT HAD NEVER BEEN DONE BEFORE). [post 1 of 2....stay tuned]
5-23-2015 Intel Guru Frank26 The MR [Monetary Reform] at this moment in our known time is vibrantly LOUD! THEY ARE GETTING IT DONE.
5-23-2015 Newshound Guru Enorrste ...the CBI NEVER intended to do an RV...we...know that the CBI would be foolish to even consider such an idea because it is financially impossible. The RV was never in the plan, ever. It was never in the cards at all! Therefore, to conclude, both the float and the introduction of the larger notes have always been in the plan. The introduction of the large notes will begin the process of bringing the street rate closer to the official rate (a good solution since the auctions are now off the table). The introduction of the large notes is imminent. It is also a part of the plan. Therefore the continuation of the plan is imminent as well. After the large notes are issued and the street rate begins to go back toward the official rate, AND, with the reduction in paper that the larger notes will effect, the completion of the plan, namely the change in the exchange rate regime, will be possible. ...I am still cautiously optimistic that this could all get accomplished (start the float) before the end of the year, with the caveat that the security situation is a wild card.
5-23-2015 Intel/Newshound Guru Poppy3 I DO STILL BELIEVE THEY WERE AND ARE SERIOUS ABOUT COMPLETING ALL REQUIREMENTS FOR FINANCIAL REFORM BEFORE THE END OF MAY.
5-23-2015 Intel/Newshound Guru tman23 Dates... May 25th Parliament will vote and pass the Investment Law... Then the CBI has 15 days to "show me the money"... The new currency they are going to be releasing! 5-22-2015 Intel/Newshound Guru POPPY3 [They are voting on the investment law on Monday is that right?] THATS WHAT I HEARD BUT ALSO HEARD THE INTERNATIONAL INVESTMENT LAW WOULD BE VOTED ON TOMORROW. TIME WILL TELL VERY SOON. REGARDLESS THEY KNOW WHAT IS NEEDED AND THEY ARE COMPLETING EVERYTHING AS SOON AS THEY CAN. IT IS ALSO VERY OBVIOUS THEY NEED THE RV AND WANT IT AS BAD AS WE DO BECAUSE AT PRESENT LARGE INVESTORS ARE TALKING BACKING OUT LIKE FORD MOTOR WHICH WAS TALKING BUILDING MANUFACTORY THERE WHICH WOULD MEAN BILLIONS IN INVESTMENT. MANY OTHERS PENDING AND THEY KNOW WILL BACK OUT ALSO IF THEY DON'T GET THINGS COMPLETED.
5-22-2015 Newshound Guru wmawhite I have never, never bought into the 50K and 100K hype and here is why. This is from another researcher...Putting the 50K and 100K to pull in the smaller notes would be the same as HAVING A 500 OR ONE THOUSAND BILL REPLACE ALL THE 1, 5, 10, 20, 50 AND 100 DOLLAR NOTES HERE IN THE USA. THAT IS WHY THIS RUMOR SHOULD BE PUT TO REST. JMO.
5-22-2015 Intel Guru TNT Tony [via Adept1] We are talking to people actually walking the streets, and they say that ISIL only has one section of the town, and it’s not a big deal. They feel they are winning against ISIL, that they pushing them out. It’s very different on the ground than what we see on CNN or the news. Last night banks sent out memos with a potential start time. In Iraq, their Prime Minister has said that “In the next day or two” their lives will change drastically. On Monday, the US said that they would not block this any further... We are in the middle of the perfect storm. The US always preferred a weekend, and even better a holiday weekend.
5-22-2015 Newshound Guru Millionday Article quote: "Some citizens believe that the "large cash categories" to enter the market now is tantamount to adding new burdens on the ordinary citizen as simple salary categories will be hard to break or turn them into smaller groups in order to dispose of them." THE LARGE DENOMS MAKE NO SENSE FOR SMALL PURCHASES AND NEVER DID -- ADDING CONFUSION AND FEAR. THEY ARE SAYING THAT EVEN THOUGH THE LARGE DENOMS ARE ENTERING THE MARKET -- THE SMALL DENOMS ARE ENTERING AND THEY ARE FORMING THE MODERN ECONOMIC BASE-- GLOBAL MARKET --/TRADE...WHOOPOW. KNOW ONE THING -- THEY STARTED THIS THREE DAYS AGO AND SENT THE MONEY TO THE BANKS.
5-22-2015 Intel Guru DC [via Adept1] In the USA, IMF and BIS are ready to go. There have been tests worldwide, and bankers have told their people to be ready to go. They have pulled in key...technical, legal and management staff...[they] are in lock down. They are in place so that if a glitch comes in, they are on the spot to solve it. Major banks have sent out memos to get their staff ready for this revaluation. Some mentioned specific dates, some just said “in the next five days”. Those memos have gone out throughout the world as well as the US banks specifically. Iraqi security is better than we keep hearing here. ISIL did not take over the whole town of Ramadi. It’s serious and lives will be lost taking it back, but it could be over in a few days or weeks. [what are the rates right now?] 3.91 to 4.57 on the dinar; 1.08 = rupiah; 19 cents on zim; 1.67 = dong; 1.48 = Afghan currency. Iraq is ready, multiple worldwide tests were successful. Everyone is engaged and ready to go, looking forward to this very quickly.
5-22-2015 Newshound Guru Breitling A lot of people are asking about the fall of Ramadi. the Sunni (ISIS) have their section, the Kurds have their section and the Shia have their section of Iraq. Are the Sunni ISIS taking over the Kurdish area? No. Are they taking over the Shia area? No. There's debate about if ISIS took over huge swaths of Iraq…It was sunni sections anyway! If there were pockets of people who didn't go to their church they paid…like the christians or a Shia town or village that's where the turmoil comes in…but they're taking over their own section. So does it sound like the whole country is going to fall? No, they simply took over their own section. It's a balance…watch as a measuring tool how much they get into each other's territory and that's the best temperature you can take. That's why I don't worry about some of the stuff that's going on.
5-22-2015 Intel/Newshound Guru Poppy3 tman23 THANKS FOR THAT POST [reference Guru tman23 post below, 5-22-2015] I HAD THAT SAME CONVERSATION YESTERDAY WITH A GROUP OF VERY WEALTHY WELL INFORMED FRIENDS AND YOU ARE EXACTLY CORRECT. THE HEAT IS ON BECAUSE LIKE YOU SAID BAD NEWS TRAVELS FAST AND FROM ALL INDICATIONS MANY INVESTORS ARE ALREADY BACKING OFF THEIR INVESTMENT IDEAS BECAUSE OF UNREST AND NO PROTECTIONS FOR THEIR INVESTMENT CAPITAL.
5-22-2015 Intel/Newshound Guru tman23 Come invest in Iraq...OKAY! What are the capital requirements? What are the rates of applied taxes? What is the timeline to move my capital out of country? How will disputes be handled? What are my liabilities if I employ local workers?...AND what steps are in place to protect my vested interest... Don't worry about that Mr. Investor... Coming soon will be the investment laws that will describe obligations of the parties... We will tell you all about it AFTER you deposit your funds in Iraq and are neck deep into it! They need the INVESTMENT LAW first! And then they immediately need to update with monetary reform. This all ties together...to change values in the middle of the game will have an effect on some and result in an influx of complaints... Bad news amongst investors spreads fast...Iraq cannot afford bad press from inestors at start up.
5-22-2015 Newshound Guru Mailman17 I AM GONNA STICK MY NECK OUT HERE...BUT IF...I REPEAT IF...IRAQ COMES OUT WITH A FIFTY OR ONE HUNDRED THOUSAND NOTE TO REDUCE NOTE COUNT, JUST WHAT THE HECK WILL IRAQS USE TO BUY ANYTHING UNDER 46 SIX BUCKS LET ALONE 90...ARE THEY GONNA TAKE IN ALL THE 3 ZEROES AND REPLACE THEM WITH A CURRENCY NO ONE CAN USE...NOT...THAT IS WHY THIS IS NOT AND NEVER WAS AN OPTION...EVER. THAT WOULD BE LIKE HAVING A 500 OR ONE THOUSAND BILL REPLACE ALL THE 1, 5, 10, 20, 50 AND 100 DOLLAR NOTES HERE IN THE USA. THAT IS WHY THIS RUMOR SHOULD BE PUT TO REST. JMO.
5-22-2015 Newshound Guru FrostyTheSnowman Article: "UN head Ban Ki-moon arrives in Viet Nam" [Guru] Frank26...asked ...WHO would be there at the end ...to more or less take a "victory lap" concerning the MR? My opinion was that the UN would make a series of appearances. Smile for the camera Mr Ki-moon ... it's show time for Vietnamn too!
5-22-2015 Newshound/Intel Guru BGG my comments on the developing story in Ramadi: I am sure various news outlets are reporting things that suits their narrative - as they tend to do...however, Ramadi and ISIS is a serious situation. Will it directly impact the RV - I have been plain in my comments - if anything it puts additional pressure on Iraq. Not less pressure. I have not deviated - and I am thinking I'm on target here. [With all this ISIS going on in Iraq is there any chance even for them to get this thing done in the near future, like next week, next month...?] this may be the thing that makes next week, or next month even possible.
5-22-2015 Newshound Guru Adam Montana [Can there be a increase in value of the IQD before ISIS is eliminated inside Iraq?] Eliminated? ISIS will never be 100% eliminated. Contained or Controlled? That's another story, and it will happen soon enough.
5-22-2015 Intel/Newshound Guru Poppy3 i can say with complete confidence that ISIS does not have control of anything. Plus all these banks they are reported taken over is all bull. They have never breached one bank vault within Iraq. YES THEY ARE THERE IN SMALL GROUPS SCATTERED THROUGHOUT AND YES MANY PEOPLE HAVE LEFT THEIR CITIES AND HOMES DURING AND AFTER ATTACKS BUT ISIS DOESNT CONTROL ANY CITY WITHIN IRAQ. SECURITY IS NOT AN ISSUE TO THE TIMING OF THE RV AT ALL. THE COMMANDERS ON THE GROUND THERE ARE MAD AS H### AT THE MEDIA...BECAUSE THEY ARE MAKING THEM AND THEIR TROOPS...LOOK BAD TO THE AMERICAN PUBLIC. ...I'LL TAKE THE WORD OF COMMANDER WITH BOOTS ON THE GROUND THERE.
5-22-2015 Intel Guru Frank26 [I believe I heard Frank say...that they are considering this year "a year of exception" and they WILL work on the MR during ramadan to get this done.?] Consider...They will work during Ramadan ...Fight ... Eat when they CAN. Right now ... Nothing can stop this Lava Flow but ... God. 5-21-2015 Newshound/Intel Guru BGG [I don't feel hopeful for soon tell me I am wrong please!] You're wrong...there is way to much missing info for us to be able to make perfectly accurate assessments - one way or the other. we're in a good investment...that is enough.
5-21-2015 Intel/Newshound Guru tman23 ...I am so focused on the INVESTMENT LAW...Which I expect to be brought to vote MONDAY the 25th of May. They are timing this Law with intentional delay.
5-21-2015 Newshound Guru Enorrste I'll stick my neck out with an OPINION: The CBI will not change the official rate. Furthermore, the 50k and 100k notes will come out within the next 90 days and the paper currency will fall by 50% before the end of the year. None of this will affect the money supply or the value of the dinar directly. If, and this is a big "if", the security situation has improved by that time then I believe the CBI will change the exchange rate regime before the end of the year. If the security situation stays the same or gets worse, then we won't see much before next year. Of course I could be wrong. [post 2 of 2]
5-21-2015 Newshound Guru Enorrste I believe that a genuine plan that is logical and consistent has existed for nearly 8 years now and that, however slowly, it is finally coming to a point where it will begin to pay off for us all. I don't believe that I am naive in being positive. On the contrary, I find that Iraq is an amazingly resilient country, irrespective of the problems that it faces, which are many. It seems to me that this "democracy experiment" has sunk deeply under their skin and they aren't going to give up on it easily. When placed up against ISIS's view of the world, it looks pretty good! ...articles indicate that the currency will be the best available in the world. [post 1 of 2....stay tuned]
5-21-2015 Newshound Guru wmawhite [...do you think that the wave of investors will move into Iraq before the IQD reprices and wait on it? Or, the IQD repricing and the CBI says to the world "see here and we are ready to back our value because the IQD is a strong currency"...and then the investors start moving onto Iraq.] I think the latter will happen first.
5-21-2015 Newshound Guru Millionday Article quote: "Rafidain Bank announced, on Saturday, announced the launch of MasterCard service E-retirees who are out of Iraq through its branches located there." THE BANK IS LAUNCHIING THE MASTERCARD SYSTEM --THE ACTIVATION OF THE CARD AND THE ACCESS TO THE FUNDS ARE NOT THE SAME AS THE LAUNCHING. ...THE SMART CARD IS EXPECTED TO BE USED FOR SECURITY IN GLOBAL BANKNG SO...THIS IS MAJOR NEWS FOR IRAQ TO HAVE A GLOBAL CARD COMING BACK ON TO THE MARKET AFTER ALL THESE YEARS.
5-21-2015 Newshound/Intel Guru BGG [HOW MUCH OF IRAQ IS ACTUALLY BEING TAKEN OVER BY ISIS PRESENTLY?] Not that much. I was looking at a map yesterday - ISIS is far more entrenched in Syria than Iraq. personally - they have been losing ground steadily - they threw everything they had at Ramadi and it paid off (at least for now)... I don't foresee this as a long term outcome - there is concern they will aim at Baghdad - I doubt it. They won big so far... but they are at the very edge of their reach - they have so little support out there and are an easy target to be cut off.
5-21-2015 Intel Guru Delta This article was very, very clear that the IMF, the World Bank, the US Treasury and the CBI GOI they are all now in agreement to raise the value by them lifting the 3 zeros. The CBI will announce a new exchange regime...announce that they are “Article 8” and they will announce a new rate and new denominations. The 50 and 100 dinar should come out together. The plan for the CBI is to get rid of USD’s which will enhance the value of the IQD which will give more CONFIDENCE...especially INTERNATIONALLY! The exchange rate has to change no matter what to become international. The article said today by them coming up with a new currency they will be international. That’s Article 8 which must be a TRUE VALUE...around .85. ...you don’t have to rush to exchange... they should have 2 or 3 different revaluations after the .85 cents. At some point they should get close to the value of Kuwait. So the good news is every investor outside of Iraq...they are all going to be rich. [post 2 of 2]
5-21-2015 Intel Guru Delta Apparently the article that came out two or three weeks ago about the 50,000 and 100,000 dinar notes...a lot of people are getting confused about that. This article should make you EXCITED and ready to celebrate...give you the confirmation that we are very, very close. No doubt about it. Basically what the article is saying is the new currency that Iraq is going to come out...they will be able to trade/exchange it inside and outside of Iraq. That should make you very happy for so many reasons. ...they are going to raise the value, Article 8, and lifting the 3 zeros. How are they going to do that (lifting the 3 zeros from the exchange rate?). The 25,000... 10,000...5,000...1,000... they are basically going to stay for a long, long time – until they phase them out! [post 1 of 2....stay tuned]
5-21-2015 Intel Guru Mnt Goat Update of the Needed Reform Laws: I am now hearing that parliament fully intends to take a final vote on three of these laws later this week or next week. Articles have told us the likelihood of being passed is very high. - National Guard Law. -Parties Law. -Courts and Justice Law.
5-21-2015 Intel Guru TerryK [we gonna have RV this week?] 28-29TH...WHAT IM GETTING. 3.91 DINAR...RUMOR, 1.09 DONG...RUMOR, ZIM DROP 6 ZERO .15.
5-21-2015 Newshound/Intel Guru BGG Articles: "Jubouri Announces Extension of parliamentary sessions to the end of the month" "Major movement forward in Parliament on several critical fronts" Whatever they have coming up - it's important... Whatever it is on the agenda - IT IS VITAL... for the Iraqi's to continue passing up on a vacation - is odd. I look for good things from this short Parliament session... [...do you believe we'll see (it) before Ramadan?] with all the possible distractions - it is impossible to say...anyone who does is foolish. However, in spite of the security challenges - Parliament and much of the GOI appear to be moving forward "with prejudice"... ("with purpose").
5-21-2015 Newshound Guru Kaperoni Article: "Parliamentary Finance: Iraq's new currency will be traded outside the country" The whole idea of them trading the dinar with the world is a good thing! If Iraq can hold it together, and solve the security issues, we may see the deletion of zeros start by end of year. I love these articles! 5-20-2015 Intel Guru Mnt Goat Today is Wednesday May 20th and still no RV and just 11 days till June... I am not calling the RV for June but telling you there is no sound evidence that it can or will happen prior to this timeframe of mid June. ISIS and the Iranian militias must first be dealt with. It is not my opinion but the currency rollout policy of the USA government. NO SECURITY, NO NEEDED LAWS, THUS NO RV! Iraq can move in the any direction it wants and try to rollout many of the international obligations needing the international exchanges for their new currency, as we are now hearing. But in the final analysis the IMF and the USA still...have the final say.
5-20-2015 Intel/Newshound Guru tman23 ...yesterday the 19th was a voting dud as we suspected such last week it would be... SO...The 25th we are looking for the vote on the investment law... And my money is on it being passed on the 25th...and IMO it is BIGGER than any other law at the present... There was NO REASON NOT TO VOTE ON THE INVESTMENT LAW...OTHER THEN THEY ARE TIMING IT WITH???
5-20-2015 Newshound Guru Adam Montana [With the CBI lending/giving money to the GOI and banks, is this a good sign?] I don't think it's a bad or a good sign. The CBI does whatever it wants and as long as I've been watching this deal, they ALWAYS stay on top of every aspect. With that said, I don't worry about what they do until the day they change the rate. Everything else is just fluff and filler.
5-20-2015 Intel Guru TNT Tony On Iraqi television, Abadi held a news conference at 11pm to announce things are moving forward. He did not express any concern over the ISIL situation, and said that there would be major economic reform in the next day or two. There is not a lot to do over there except for DO IT! Some people on this side expected it to be done today, and they have scheduled rehearsal for tonight, tomorrow, gearing up for a flood of people to come in. They are telling their staff that they want to run through this one last time. I think it might be a great day for us! [post 2 of 2]
5-20-20-15 Intel Guru TNT Tony [via Adept1] In Iraq a lot of good things are going on. There were meetings last night and passed a couple of laws. They got the GO this morning, clear sailing for everybody. It looks good! There are no problems over there, even in Ramadi. They have Mosul under control. We have a guy over there... in Kurdistan... saying...and the rate was $22 for 25 dinars...those we talked to in Baghdad today don’t yet have it. Their friends and relatives do have it and are spending at that rate. Baghdad will not get this until it is announced, which is when we get it as well. [post 1 of 2....stay tuned]
5-20-2015 Intel Guru SteveI This is an investment into a country with...very rich vast assets to back up a more valuable currency than what it is at this point in time. One year ago ISIS was not a factor, but now it is. ...ISIS will not be here forever. I have some very close contacts and ties to this and I will not in a million years bail now. (maybe not ever) with what I know.
5-20-2015 Intel/Newshound Guru tman23 The CBI SAID...The "NEW" must come FIRST...(are they meaning the new lower denominations) AS A PRELUDE TO LIFTING THE 3 ZEROS FROM THE CURRENCY... If they are speaking of new lower denominations...THEN when they introduce them...SHORTLY AFTER (and there will be a time frame) THEY WILL TAKE AWAY THE LEGAL TENDER STATUS OF THE 3 ZERO NOTES...MEANING THEY WILL NOT BE ACCEPTED IN THE MARKET...BUT WILL BE EXCHANGED FOR A PERIOD OF 2YRS OR 10 YRS...(WHAT EVER THEY DEEM AN APPROPRIATE TIME).
5-20-2015 Intel Guru TerryK YOU ALL READY FOR THIS RI? I'M HEARING IRAQ IS GEARING UP FOR A BIG PUSH AGAINST ISIS. SO HERE IS THE QUESTION...HOW CAN THEY AFFORD THAT?
5-20-2015 Newshound/Intel Guru Bluedog "The White House Office of the Press Secretary For Immediate Release May 19, 2015: Notice -- Continuation of the National Emergency with Respect to Iraq. NOTICE: CONTINUATION OF THE NATIONAL EMERGENCY WITH RESPECT TO THE STABILIZATION OF IRAQ. "...the national emergency declared in Executive Order 13303, as modified in scope and relied upon for additional steps taken in Executive Order 13315 of August 28, 2003, Executive Order 13350 of July 29, 2004, Executive Order 13364 of November 29, 2004, Executive Order 13438 of July 17, 2007, and Executive Order 13668 of May 27, 2014, must continue in effect beyond May 22, 2015." ...BARACK OBAMA. ITS ALL GOOD IT PROTECTS A WHOLE LOT OF THINGS FOR ANOTHER YEAR...FOR ONE THING (INVESTORS).
5-20-2015 Intel Guru Mnt Goat ...the RV will have much higher market rates using the market rates once international however the agreed to program rates are not in these new revalued rates coming out shortly. So they must stick to the program rates and won’t increase them until parliament approves a higher rate in the future, if and when they approve it. In short these special welfare like programs will not ever be using the market rate or the currency exchanges in these transactions. Iraq can begin using these cards to payout on these special welfare like programs TOTALLY UNAFFECTED BY THE RV...It does allow continued payment to citizens residing offshore but yet avoids going international with their currency. [post 2 of 2]
5-20-2015 Intel Guru Mnt Goat ...we see the resurfacing of the Mastercard contract with Iraq. I want to tell you this does not put any more pressure on Iraq to RV but is a good sign since it a progression in the plan to see the RV shortly. ...Mastercard had to make some software changes to accommodate Iraq’s special request to use their services for citizens using the cards for payments of...social programs when out of country. Why did they have to do this? Because for these special welfare like programs Iraq will only be paying out certain amounts to the people. [post 1 of 2....stay tuned]
5-20-2015 Newshound Guru Breitling Twice a day I get these emails [You talk about Iraq and you talk about these articles well I've got a friend in Iraq and he says he doesn't see these articles or they are not talking about that…he's in the banking industry.] It's real simple…go to your local bank and ask them where the value of their money comes from…they have no clue. I'm not saying their friend is an idiot but don't ever assume, you're looking for data not someone's opinion, you're looking for numbers, you're looking for fact and sometimes you can ask a friend who will lead you to that and that's fine…but "I have a friend in Iraq and he says that's not what he's reading" What the hell's that supposed to mean? I live in the United States and I'm surrounded by people who have no clue how this all works. Their own currency. The economy. Absolutely clueless. You just need to confirm numbers and then compare.
5-20-2015 Newshound Guru Adam Montana 2. We're still on the verge of major HCL movement. If we get immediate movement on those two things, or a couple of other key items, then we might see pressure on Parliament to break tradition and actually sing some high notes during Ramadan. The timing of everything is key right now. So to answer the rest of your question, YES it is possible to see major activity from Parliament, even during Ramadan. I always said it wasn't likely in the past, but this year could be different, depending on how things go over the next couple weeks. [post 2 of 2]
5-20-2015 Newshound Guru Adam Montana [During Ramadan, does the Iraqi parliament meet at all or is it in recess until the end of Ramadan? If it is in session can they pass any legislation on things like the HCL?. And is it legal for the Bank of Iraq to RV during Ramadan?] ...you aren't the only one that gets confused on their Parliamentary process! I've always said in the past that nothing major happens during Ramadan...and I don't have much reason right now to think that will change, BUT we have a couple of pending things. 1. The US is now moving in favor of adding more support to Iraq with the motive of defeating ISIS. [post 1 of 2....stay tuned]
5-20-2015 Intel/Newshound Guru Poppy3 [Have you heard anything about the dong lately?] THERE HAS BEEN TALK ON THE DONG AT THE WORLD BANK MARKET PROGRAM BUT NO DECISIONS HAVE BEEN DISCUSSED PUBLICLY AND I DOUBT THEY WILL BECAUSE IT IS ALREADY TRADEABLE AND RECOGNIZED GLOBALLY. THE DISCUSSION WAS THE EFFECT THEIR SUDDEN GROWTH IN ECONOMY WITHOUT A RATE CHANGE . WSJ [WALL STREET JOURNAL ?] OF COURSE STATED LAST FALL THEY HAD THE 5TH FASTEST GROWING ECONOMY IN THE WORLD. THEY LIKE IRAQ CAN POP AT ANYTIME. I WILL REPORT ANY NEW NEWS THAT IS CONFIRMED. [do u have any idea what are they sayin bout the rate...?] ALWAYS HEARD THE SAME RATE...FROM 3 CENTS TO A NICKLE.
5-20-2015 Newshound Guru Millionday TODAY [TUESDAY] IS THE DAY THAT THE "IMPORTANT LAWS" WERE TO BE VOTED ON -- THE HCL IS TO BE ON THURSDAY ACCORDING TO REPORTS.
5-20-2015 Newshound Guru Enorrste I will add one more point: the current deficit in Iraq is about 34% of GDP. Our deficit in the US is 101% of GDP. This alone proves that Iraq is not on the verge of bankruptcy. Actually its deficit is about average for developing countries in relation to its GDP. And, the GDP is growing at a rate of 9% per year, meaning that the deficit, as a percentage of GDP, will fall. The US has run for two generations with deficits, and most recently with huge deficits. Most countries run with deficits. What makes Iraq any different? Just because their revenue covered their expenses for the last 8 years doesn't mean that "the sky is falling" because they fall short one, or even two or three years. If Europe and America can run on deficits without a catastrophe, so can Iraq. It is not the end of the world. This is a minor setback only. The bigger issue is the security problem. If and when that gets solved, then the exchange rate regime can be changed and all of this deficit talk will disappear overnight. Let's keep focused on the real problem, namely security. [post 2 of 2]
5-20-2015 Newshound Guru Enorrste Article quote: "Iraq stands now on the brink of a deadly pit is the possibility of a storm economic disaster..." Iraq is not on the verge of bankruptcy. They have issues, but they also have options available to them. The reserves are among the highest in the world in relation to the money supply. The GOI is in control of salaries, and can adjust them downward as necessary. Oil production continues to grow. There are a lot of companies that are seriously looking into investing in Iraq in the short term (I did a google search and found plenty of them). Admittedly, there is no "quick fix." The situation is difficult, but hardly out of control. Iraq is not going to "collapse"...It will weather the storm. Remember, growth last year was at about 9%. Just give these people some time and they will get the situation under control. No panic is called for. [post 1 of 2....stay tuned]
5-19-2015 Newshound Guru Millionday THE CENTRAL BANK GAVE OUT AN ORDER TO THE BANKS...THEY HAVE BEEN ORDERED TO APPLY INTERNATIONAL ACCOUNTING PROCESS. SO WHAT WE HAVE...IS CBI TELLING ALL THE BANKS TO APPLY THE BEST THEY HAVE TO OFFER...SO, THAT THE SCALE CAN BE COMPLETED AND THE ABILITY AUDIT CAN BE COMPLETED. THEY HAVE MANY TRAINED I HAVE BEEN TOLD AS WELL SO THIS IS THE ENDING OF THE BANKING REFORM FOR IRAQ...THAT THEY HAVE WORKED SO HARD ON...AND ITS INTERNATIONAL COMPLIANCE.
5-19-2015 Intel Guru Frank26 Ramadan is a time when Muslim’s sacrifice. To seek monetary gain during that time would be considered sacrilegious. But articles say “this is an age of expectation” I think it’s an age of exception. During Ramadan the Peshmerga army will still continue to fight (which is normally not allowed) because they are fighting to lift the value of their currency. “So Frank you don’t think that they’ll increase their value before June 18th...before Ramadan?” If they don’t do it before Ramadan they (GOI) won’t go anywhere. For the 3rd year in a row now...the GOI didn’t go anywhere during Ramadan. Ramadan is not a target date...EID is more palatable for it. [FYI – the first day of Shawwal, i.e., EID ul-Fitr is July 17th] Senator Kerry knows what’s going on and told Iraq that the USA will do anything... ANYTHING to support Iraq so that Iraq will raise the value of their currency. This thing is coming … be excited about it!
5-19-2015 Intel Guru Frank26 [via FrostyTheSnowman] The lava flow is moving in the right direction. The evidence is abound. About 3 weeks ago, Dr. Abadi came to the USA and asked for help. He needed troops, weapons, (protection for Dr. S) and money for Iraq. The IMF and the World Bank loaned them some money to get through April. They also needed some help to eliminate DAASH. The US Senate gave O [Obama] the permission to send in troops months ago...(not sure why O delayed) but we’re coming. SECURITY, SECURITY, SECURITY of Iraq is what is important. So what is going on in Ramadi? You need to understand...BAD NEWS (especially manufactured news) sells papers and advertising. Ramadi did not fall. It was given to them to gain intelligence. Cities are being secured BEFORE Ramadan! [post 1 of 2....stay tuned]
5-19-2015 Newshound Guru Millionday Article quotes: "Parliamentary Finance Committee announced, Monday, that the central bank in connection with the strengthening of the dinar by printing large local financial currencies." "pointing out that" the past years there was a project to strengthen the dinar and repaired by deleting three zeros from the Iraqi currency but has been postponed." THIS SHOWS THAT THEY ACTUALLY PLANNED ON MOVING FORWARD YEARS AGO OR AT LEAST SOONER. HE DECISION THEY HAVE MADE IS TO MAKE THE DINAR RELATIVE TO THE DOLLAR -- RELATIVE IN MEANING LIKE. I DONT THINK IT IS A COMMENT THAT GIVES THE VALUE -- BUT GIVES THE CITIZEN SOME UNDERSTANDING.
5-19-2015 Intel/Newshound Guru tman23 Back in late January Abadi asked for the citizens to be patient until June...And just less than 20 days ago he announced that starting July Iraq will be able to make all payments in full and on time... If they are going to open the books without zeros starting the second part for the financial semester...JULY...Then they must have a lead way into that event...meaning a time period to initiate. Sure it can happen anytime...just as anything can happen at anytime...But personally I expect the show to begin 6/14. If they open July with 3 zeros accounting...WE ARE ALL WRONG...But I don't see the Kurds and their economy waiting on Baghdad another 6 months. The Kurds just seen Ramadi fall because of lack of response from Baghdad...and Baghdad was warned 2 weeks in advance of what was needed... End of June...END OF THE ROAD!!
5-19-2015 Intel Guru TerryK ...was told this by a source, that iraq needs the funds more now to battle isis, so this maybe a good thing...But i had a breif call today, source told me we cant be any closer to this happening. I tend to agree with source, since the usa is not fighting them, iraq needs to ri the currency to buy more advanced weapons. All sanctions with iran are lifted, just offical announcements need to be made. Miliki to announce ri. [why does he get the honor?] Thats why he is still vp. Just remember who told you all who named the pm position all those years ago. He is still very well connected...Sorry to say.
5-19-2015 Newshound Guru Millionday [in your view, whats the hold up for this thing to pop?] I THINK THEY ARE WORKING ON THE LAST OF THE LAWS TO HAVE EVERYTHING IN PLACE -- I DONT KNOW THE DATE AND DONT KNOW THAT IT IS BEING HELD UP BUT AS [GURU] JOE P SAID YEARS AGO -- MAYBE IT IS RIGHT ON TIME -- THE INVESTMENT LAWS ARE COMING ALONG GREAT AS REPORTED AND THE HCL AND THE FEDERAL COURT ACT AND THE OTHER "IMPORTANT" LAWS ARE TO BE DONE TOMORROW [TUESDAY] -- SO CROSS YOUR FINGERS. [...why would they shelf the National Guard law?] THEY HAD SOME DIFFERENCES BY WHAT I READ IN THE LEADERS AND HAVE COME TO AN AGREEMENT -- IT IS EXPECTED TO BE ON THE AGENDA TOMORROW [TUESDAY] TOO SO WE WILL SEE WHAT COMES OF IT.
5-19-2015 Intel/Newshound Guru Poppy3 [according to bank of america exchange Kuwait rate is $3.82 so if iraq and kuwait share the same oil fields why would they come out less?] ACCORDING TO DR SHABIBI WHEN THEY RV THERE CAN'T BE MUCH DISPARITY BETWEEN THE RATES BECAUSE IT WOULD CAUSE IMBALANCE ON OIL TRADE ON THE OIL FROM THOSE SHARED OIL FIELDS.
5-19-2015 Newshound Guru wmawhite Everything about this is OUTSIDE of Iraq...the revaluation is to other currencies outside of Iraq...Ramadi doesn't affect the IQD outside of Iraq.
5-19-2015 Newshound Guru Enorrste Think about what happened over the weekend. Ramadi falls. ...ISIS is a serious concern. You are mistaken that they control 1/3 of the country. It isn't nearly that large. Still, the loss of Ramadi is significant... Is this a good time for the CBI to MOVE FORWARD or, instead, a good time to buckle down and keep the ship afloat? It really is just that simple, folks. I am not "throwing in the towel." Not at all. There is a process involved here, and it must work its way out. I noted, for instance, that the major "accountant" for ISIS was captured or killed today in Syria. In addition, a number of computers were retrieved as well as cabinets full of documents. ISIS funding will dry up shortly, in my view. Thus, it would not surprise me to see the tide turn, possibly dramatically, in the near future. [post 3 of 3]
5-19-2015 Newshound Guru Enorrste Now we see this "unprecedented" move of lending money to banks...for INVESTMENT purposes. Furthermore, $5 billion in investment will go a long way toward jump starting the small and medium businesses in Iraq. What could be bad about that? Nothing! Who would better know what is needed than the CBI? ...it is important to realize that this is an international event, and a nation that isn't stupid, as some might believe. These people may act differently and on a different time frame than we do, but they aren't stupid. These people not only are seasoned, in most cases, but they also have the backing of the IMF and WB. They don't do things in a vacuum. I also think that it is a good decision, even if unprecedented. They aren't risking the whole pie...They are just trying to jumpstart some needed economic growth. Give this time. That is one thing that Iraq is very good at exploiting. [post 2 of 3....stay tuned]
5-19-2015 Newshound Guru Enorrste Article: "Iraqi Central Bank lends banks $ 5 billion at the request of Parliament" Quote: "Central Bank of Iraq has decided for the first time in its history, opening its vaults, and start lending sector and civil government banks the amount of $ 5 billion." The plan has existed since 2007 and is still intact. Blips have occurred along the way numerous times. Saleh was arrested; Shabibi had to leave the country; Maliki was a serious setback; Turki was a fool. In addition to that, Iraq moves at a snail's pace. HOWEVER, and this is very important, the long view is very solid. The CBI is clearly on record with a GOAL that is consistent with the character of the country. No small "blip" is going to change that, and no single event is going to change the "plan". We saw [some] freak out with the announcement of the introduction of the larger notes (50 and 100k) only to find out that Saleh had talked about it 4 years ago, AS PART OF THE PLAN! [post 1 of 3....stay tuned]
5-19-2015 Newshound Guru Kaperoni Article: "Iraqi Central Bank lends banks $ 5 billion at the request of Parliament" Quote: "Central Bank of Iraq has decided for the first time in its history, opening its vaults, and start lending sector and civil government banks the amount of $ 5 billion." The reality is that the banking sector came to Iraq in hopes of participating in the investment and reconstruction of Iraq. And the GOI, parliament and ISIL have stalled progress to the point that now the banking system is failing. We all knew this...we all saw it. You can only sell dollars at auction for commission for so long...and selling cars out back is not really banking business either. So the CBI is in a predicament...they are going to bail banks out using reserves to save the weak financial system. Certainly not a way to show the world you are ready for investors. Not a good solution any way you look at it. 5-18-2015 Intel Guru DC We are hearing that the rate is basically 86-90 cents. We’ve heard that from different independent sources. One thought is that Iraq has got tired of being clocked and are now saying ‘screw it!’, and another thought is that this is part of a slow rollout. We don’t know the overall plan, we just know that some markets have changed their prices and people are celebrating. Also, there are articles everywhere saying that MasterCard (the smart cards are based on MC) are now international. So people can spend money anywhere they want to, at whatever rate, and also available to retired Iraqis living elsewhere. [post 2 of 2]
5-18-2015 Intel Guru DC [via Adept1] It was a frustrating weekend, and we continue to wait. No change from Friday, really: frustration is high, they are blaming the US. While Ramadi is important, there is nothing that cannot be overcome quite quickly and ISIL is on its way out. Ramadi is...is mostly uninhabited, and...more radical than most parts of Iraq. The town has been physically destroyed by fighting in the last decade. They are already taking the town back; I do believe that ISIL may win a few battles but they have definitely lost the war. They are on the retreat. ...we’re getting unofficial reports...from four different people. [post 1 of 2....stay tuned]
5-18-2015 Newshound Guru wmawhite [Do you think the rate could show on a bank screen before showing on CBI?] No, because any value will first be provided by the CBI. [i would like to know, why usa is so difficult to get real banker to submit info?] If the bankers in the USA told the truth about the IQD they would not have any employees the day after the RV.
5-18-2015 Newshound Guru Millionday [i do not understand who is holding this up?] NOTHING SAYS THERE IS A HOLD UP -- A PLAN THIS SIZE WOULD COME WITH A DATE IMO -- AND WHAT IT IS WOULD BE THE QUESTION -- AND CBI WOULD HAVE THE ANSWER -- I DONT SEE A HOLD UP BUT DO SEE A LOT OF ACTION GOING ON. THEY ARE CONTROLLING THE IQD IN IRAQ AS IT IS PART OF THE INTERNATIONAL EQUATION AND THEY ARE REMOVING AS MUCH AS POSSIBLE OF THE US DOLLAR SO THAT THE SUPPLY OF THE DINAR IS MUCH MORE THAN THE US DOLLAR FOR THE MONETARY POLICY AND ECONOMIC REFORM -- THE RESERVE AND SDR AND INTERNATIONAL ACCOUNTING COMPLIANCE HAS BEEN ORDERED -- BUT THAT IS JUST MY OPINION.
5-18-2015 Intel Guru TNT Tony [via Adept1] Let’s talk about Ramadi a bit more. I want people to understand this because it was all over the news over the weekend. ISIL raised the flag, but things aren’t always what you hear or see. Take it with a grain of salt, and know they are a couple of days behind with the news. There was a meeting on Friday night and they were directed to initiate the international rate. On Saturday, MasterCard is fully international, at the exchange rate of the country where you are using it. On Saturday/Sunday, we found the rate was $22 (USD) to 25 dinar. We talked to government people in various places, and they confirmed that rate. They said, “This is our RV; it’s a go!” They have to start with an official international rate, and then they can publish the real rate. The next 24-36-48 should see something now that it’s so widely known. The MasterCard article has said that they are able to use those cards today, and that means that there must be international trading rates in place. They have set up a new window, and it should be this week...some people are suggesting June, but I don’t think it will take that long.
5-18-2015 Newshound Guru Mountainman The MONETARY REFORM and ALL EVIDENCE is moving Forward! Everything Else contradicting these Facts are Cow Patties IMO. Do people really think that The Globe did not anticipate a Fight to the End of this MR...and then some? Of Course they did...Most of the so called MEDIA doesn't have ALL the facts for a Reason...it's Called Conditioning the Minds of the Masses!!! Remember Tikrit and Kirkuk...Weeks ago same Cow Patties from the same MEDIA...then BAM, Bam, Bam...Technology, Intel on the Ground, BOTG [BOOTS ON THE GROUND]...Now being Noted at "The END"!!! RAMADAN is Coming and this Country will be VICTORIOUS, UNITED, and PROSPEROUS!!!
5-18-2015 Newshound Guru wmawhite [many of the things they are working on hass been going on for years i know this is a huge process but it could still take much more time right?] If it was going to take much more time why continue to push forward with all of the reforms. Why not wait? IMO, the CBI, GOI, Parliament, WB, IMF are pushing because the CBI wants to do this now...IMO.
5-18-2015 Newshound/Intel Guru BGG [I asked why the 250 notes are going for 2800 per mil and the 25k notes are going for 1050 per mil. With the way the 50s were brought in without a rate change, you would logically think the lower notes wouldnt be more valuable, at least not almost 3 times more, than the 25k notes?] supply and demand. Some investors want to buy and hold them for "post-shift"...AKA - RV, Value change, etc, etc. - the dealers know this so they can get a premium right now...which should be a dead giveaway as to where this thing is headed.
5-18-2015 Intel/Newshound Guru Backdoc JUST LIKE EVERYONE WANTING TO GET INTO IRAQ FROM MIDDLE EAST COUNTRIES, WE SEE THE SAME PROCESS OCCURRING IN VIETNAM! WHY? BECAUSE IN BOTH CASES THESE COUNTRIES KNOW WHAT IS COMING AND THE "BING, BAMM, BOOM" THAT IS ABOUT TO HAPPEN IS GOING TO RAISE ALL SHIPS FLOATING IN THOSE TWO REGIONS!! THEREFORE, EVERYONE WANTS IN WHILE THE GETTING IS GOOD!
5-18-2015 Intel Guru Jester THE BEST CONTACTS I HAVE SAY IT WILL BE A BIT OF TIME... AND I HAVE HEARD TIME FRAMES FROM MID SUMMER TO EARLY FALL...THE ONES SAYING SOONER HAVE NOT BEEN RIGHT YET AND THE ONES SAYING LATER HAVE... SO I AM BASING A LARGE PERCENTAGE OF THAT COMMENT ON THAT FACT.
5-18-2015 Newshound Guru wmawhite [It just seems with SO MUCH that is happening, they HAVE TO make the move to take the next step forward.] you are correct...they do. [Just way way way to many agreements have been stated then we have EVER seen in so many years...why all these agreements?] you are correct...remember all of those trade agreements Iraq inked over the past year? Those are the countries that will help in supporting the new value of the IQD. [post 2 of 2]
5-18-2015 Newshound Guru wmawhite ...the CBI has told us that the note count has continued to be reduced. And why reduce the note count? It is like any other commodity on the market...when there is less of something that is needed by the consumer...it becomes more valuable. It is easy to confuse subjects: currency on the street with the eventual increase in the value of the IQD outside of Iraq. ...when we see articles about the currency, amount of currency, with zeros, without zeros...this is about what notes the citizens will have in hand. They are not speaking about the international exchange rate of the IQD. However, those subjects are influenced by the eventual increase in the value of the IQD...for example, how does a IQD notes become more value to a citizen in Baghdad? Not just because someone says it is...instead, by it buying more. And how does that happen? By it becoming more value outside of Iraq...where the Iraqis purchase 90% of their goods. [post 1 of 2....stay tuned]
5-18-2015 Newshound Guru Millionday [What indicator removes the rate that was thrust upon IRAQ.] CBI IS INDEPENDENT AND HAS THE JOB OF RELEASING THE EXCHANGE RATES...CBI SAID WHEN THE TIME IS RIGHT THEY WILL RAISE THE VALUE OF THE DINAR AND RELEASE THE INTERNATIONAL RATES. IT WAS IN A REPORT WHEN THEY STATED WITH THE BANKS THAT THEY WERE READY TO MOVE FORWARD WITH THE MONETARY POLICY AND ECONOMIC REFORM/BANKING REFORM --- IT WAS MONTHS AGO.
5-18-2015 Intel Guru Mnt Goat Some say it will never reach a June timeframe. Really? They are now slowing changing their tune as we get closer to June. NO SECURITY, NO NEEDED LAWS = NO RV! LAWS are needed to fully implement their constitution and Reconciliation Reforms, a full requirement by the USA prior to any RV. SECURITY so investors can flock into Iraq. Remember they are trying to establish a capitalistic democracy and not just a democracy. This capitalistic democracy machine, a combination of democracy and capitalism, takes on a new face as it gets turning and running...once it is moving the cash flows are amazing and all can benefit... The revaluation of their currency is just the aftermath of the process and many want to put the cart before the horse. Can’t be done! So we will just have to wait and watch while all the pieces are in place. Soon the engines will be running and Iraq will begin to run on full throttle. Then they will RV their currency somewhere in this process but we can only try now to predict when. The optimistic side is this is very nearly all done. 5-17-2015 Newshound Guru Millionday Article quote: "Rafidain Bank announced the issuance of a smart card for displaced families in all provinces of the country..." UNDERSTAND THAT THE CARD IS A MASTER CARD WITH ALL OF THE BENEFITS THAT ARE GIVEN GLOBALLY -- IT IS MASTERCARD -- IF YOU LOSE YOUR CARD IN SOME OTHER COUNTRY -- THEY HELP -- IF YOU GET PAID WHILE OUT OF COUNTRY -- IT IS THERE -- THIS IS MASTERCARD --- AND BACKED BY MASTERCARD -- GREAT GREAT NEWS. [So does this mean that the currency of Iraq is going to be internationally recognized? And what about the program rate. What is going to move/lift the program rate?] THE USE OF THE MASTERCARD OUTSIDE OF IRAQ WILL HAVE TO MEAN THAT THEY ARE INTERNATIONALLY RECOGNIZED LOGICALLY -- BUT WE ALSO HAVE AN INTERNATIONAL COMPLIANCE ORDER BY CBI -- SO THIS MAY BE COMING AND NOT HERE YET -- WE WILL WAIT FOR INK AND MAKE NO GUESSES.
5-17-2015 Intel Gurus TNT Tony & DC [via Already Blessed] EVERYTHING IS GREAT...NO BAD NEWS...HANG IN THERE!
5-17-2015 Intel/Newshound Guru Backdoc WHAT I FIND INTERESTING IS THAT IRAQ USED CURRENCY AUCTIONS TO REDUCE ITS' NOTE COUNT BY SELLING DOLLARS AND PULLING IN DINARS. THEY WOULD SIMPLY DESTROY THEM OVER TIME TO REDUCE THE NOTE COUNT. AND NOW WE SEE OZ BEHIND THE CURTAIN USING CONTRACTS FROM COUNTRY TO COUNTRY TO REPAIR THE DINAR BEHIND THE CURTAIN. SOON IT WILL BE RE-INTRODUCED TO ITS' "FORMER GLORY" BUT THE VND HAD TO USE A DIFFERENT STRATEGY. I BELIEVE WHAT THEY DID TO REDUCE THE NOTE COUNT IS EXACTLY WHAT IRAQ IS DOING NOW, USING CONTRACTS! BRILLIANT, RIGHT IN PLAIN SIGHT. WHY ELSE WOULD 80% OF THEIR DEBT BE IN DOLLARS? I THINK AN ASIAN SURPRISE IS IN THE MAKING RIGHT BEFORE OUR EYES! [post 2 of 2]
5-17-2015 Intel/Newshound Guru Backdoc VIETNAM BANKS ARE AMONG THE LARGEST COMPANIES IN THE WORLD IN RESERVES AND POWER. THE BANKS THERE HAVE CAREFULLY SHIFTED 80% OF STATE DEBT INTO DOLLAR DENOMINATED INSTRUMENTS. THIS IS MORE THAN HUGE! THIS IS AMAZING! THEY DID THIS HIDING IN PLAIN SIGHT! JUST RECENTLY VIETCOMBANK BOUGHT1 BILLION IN FOREIGN BONDS IN A DEAL CALLED "CLEVER"! IT APPEARS AS THEY SAY THEY ARE PREPARING THEIR FOREIGN RESERVES IN SUCH A WAY AS TO PROTECT THEM FROM A "SHOCK" FROM THE DONG HAVING A SHARP APPRECIATION. THESE BANKS HAVE BEEN ENCOURAGING FOREIGN INVESTMENT TO BOOST THEIR RESERVES WHILE CONSOLIDATING DEBT IN DOLLARS AND DESTROYING THEIR NOTE COUNT IMO! [post 1 of 2....stay tuned]
5-17-2015 Newshound Guru Enorrste In no way does this threaten our investment, since the change has already taken place. More to the point, the "plan" as we know it is continuing forward in the face of this change from 1166 to 1305. Finally, I do not expect the official rate to change. This is an ameliatorive move on the part of the CBI to temporarily reduce imports and lower the deficit somewhat. The point to be made here, then, is that the introduction of the larger 50000 and 100000 dinar notes will still move ahead, thus reducing the paper in circulation by up to 75%, then the float will be instituted and the dinar value will rise. [post 2 of 2]
5-17-2015 Newshound Guru Enorrste Article quote: "...the central bank has taken several measures to reduce the federal budget for the 2015 deficit, which exceeded the rate of more than 40%, including reducing the dinar exchange rate against the dollar, noting during their talk Agency / JD / that the reduction rate of the dinar against the dollar is a cure, but over because it will raise the rates of inflation and reduces the strength of the local currency, while the dollar swung the price will stabilize at 1300 dinars in the coming period." The article is very clear in that the reduction in the value of the dinar has already occurred, since the rate now...is 1305. The CBI has stated that it will stabilize at 1300, so we may expect them to begin procedures to do just that. [post 1 of 2....stay tuned]
5-17-2015 Newshound Guru tlm724 Article: "The Central Bank revealed higher cash reserve in May and is expected to continue" reserves just keep growing Wink...loving that, now bring on the value to match that wealth!
5-17-2015 Newshound/Intel Guru BGG I don't know that I agree with the Investment Law as directly required for a shift in the value of the IQD... However, I will say - it is HIGHLY likely needed to attract outside investment... which is required to support economic reform and also a key component to support such an increase in value...they all need to happen "roughly" around the same time...hours? days? weeks? IDK - but these issues are related.
5-17-2015 Newshound Guru Millionday Article quote: "Will be launched a smart card in the branches of the Rafidain Bank in the Arab countries and the first batch will be spent during the current month for them ..." SMILE -- CAN YOU TELL WHY THAT IS MY FAVORITE? THEY ARE LAUNCHED BUT IT CAREFULLY DOES NOT SAY ACTIVATED BUT THE BANK SAYS THIS MONTH. [Dinar or American dollar?] THE NATIONAL REGULATIONS THAT WERE SET A LONG TIME AGO WERE THAT THE NATIONAL CURRENCY OF IRAQ IS THE IRAQI DINAR. THEY HAVE NO GOAL TO MAKE THE DEMAND FOR THE US DOLLAR TO RAISE AND HAVE MORE VALUE -- THEY REALLY ARE MOST INTERESTED IN THEIR OWN GAINS AND VALUE.
5-17-2015 Intel/Newshound Guru Backdoc Article: "Vietnam, Russia to finalize currency deal this year" Quote: "Vietnam and Russia look set to complete procedures for firms of the two nations to settle payments in their domestic currencies this year" WOW! NOW THAT'S A SHOT IN THE ARM FOR THE VND CURRENCY VELOCITY. I LIKE THAT PART, "SETTLING PAYMENTS IN THEIR RESPECTIVE CURRENCIES"! WITH A GDP RISING OVER 6%, MOVE OVER ASIA THERE'S A NEW KID IN TOWN AND IF YOUR NOT CAREFUL HE WILL EAT YOUR LUNCH! Article: "Brazil wishes to expand partnership with Vietnam" THERE SEEMS TO BE NO END TO THE COUNTRIES STEPPING UP TO DO BUSINESS WITH THIS NEW ASIAN POWERHOUSE!
5-17-2015 Newshound Guru Millionday Article quotes: "Rafidain Bank announced on Saturday the launch of MasterCard exchange service for the salaries of retirees who are outside the country." THEY HAVE ANNOUNCED THE LAUNCH AND THIS IS FOR OUT OF IRAQ AND WITHIN IRAQ -- TO BE USED IN ATMS. [What about a rate?] THE REPORT TELLS US THAT IF THE PERSON THAT HOLDS THE MASTER CARD GOES TO THE ATM -- THEY WILL RECEIVE THE AMOUNT OF THE COUNTRY THEY ARE IN SO IT WILL BE WHATEVER THE EQUAL AMOUNT IS. [any timeframe yet on activation?] THE BANK HAS STATED THEY HAVE LAUNCHED THE MASTERCARDS SO WHEN THEY ARE ACTIVE HAS NOT BEEN STATED OR IT COULD MEAN THE SAME.
5-17-2015 Intel/Newshound Guru Backdoc IRAQ SPENT HOW MANY YEARS DOING CURRENCY AUCTIONS? MMMM MANY!! AND THE PURPOSE WAS TO DECREASE THE NOTE COUNT RIGHT? RIGHT! SO IF IRAQ WANTED TO INCREASE THE NOTE COUNT AND DESTROY ALL THE WORK THEY HAVE DONE FOR THE PAST NUMBER OF YEARS THEN WHY NOT OPEN THE BUDGET PUBLICLY AND PAY BILLS AT THAT LOWER RATE? BECAUSE IT HAS ALWAYS BEEN THE PLAN TO RESTORE THE DINAR TO ITS' "FORMER GLORY".
5-17-2015 Newshound Guru Kaperoni Article: "Rafidain Bank launches MasterCard service for the disbursement of pensions out of the country" This proves that they do not need to be in Article VIII for international convertibility. The dinar is convertible now. The issue is that the CBI is not IMF Article VIII compliant so any bank or merchant who chooses to do business with them, takes on the potential risk. Clearly the CBI has made an agreement with the card merchant, banks to ensure these transactions are processed.
5-16-2015 Intel/Newshound Guru tman23 ...Barzani, the Kurd Region, the ESX, and the corporate investors on the sideline...NO 3 ZEROS...END OF THE ROAD is quickly approaching... Fasten your seatbelts and prepare for Launch or Impact!
5-16-2015 Newshound Guru wmawhite Currency reform is underway, the Governor of the CBI said so on 3 March 2015...and again a week later. It is happening...but we don't know what it is. When we get four articles about the same subject and each gives a different story or intent, then we are missing something...we are getting translations and the true context/intent is lost.
5-16-2015 Intel/Newshound Guru Poppy3 PLEASE LET ME ADVISE YOU ONE MORE TIME THAT ALL YOUR NEWS MEDIA CONTINUES TO BLOW IRAQ'S ISIS PROBLEM WAY, WAY OUT OF PROPORTION. I JUST GOT A UPDATED REPORT FROM BOOTS ON THE GROUND ADVISER IN IRAQ. HE AND THEY CAN'T BELIEVE THE NEWS TELLING US THAT TOWNS ARE UNDER ISIS CONTROL. HE SAID YES SOME ARE THERE IN DIFFERENT AREAS BUT THEY DO NOT HAVE CONTROL OF ANY CITY OR TOWNS IN IRAQ. HE SAYS SEVERAL GROUPS HAVE ATTEMPTED TO TAKE CONTROL OF DIFFERENT AREAS BUT HAVE BEEN DEFEATED AT EVERY ATTEMPT. ISIS IS NOT HOLD BACK THE RV IN ANY WAY.
5-16-2015 Intel Guru EXOGEN WHAT WE ARE TELLING YOU TODAY IS... DESTABLIZING A COUNTRY AND EXPEDITING A WAR, HELPS PEOPLE WHO FUND WARS MAKE MONEY ON BOTH SIDES. WHY DO YOU THINK THE USA IS EXPEDITING MORE WEAPONS TO IRAQ RIGHT NOW TODAY. THERE IS AN ENTITY THAT DOES NOT WANT STABILITY IN IRAQ FOR THE RI/RV TO TAKE PLACE. HOW CAN AN RI OR RV EVEN BE POSSIBLY IMMEDIATELY WHEN YOU NOW HAVE ISIS RAISING FLAGS ON TOP OF BUILDINGS IN IRAQ RIGHT NOW TODAY?
5-16-2015 Intel Guru Delta I LIKE TO REMIND YOU OF THE ARICLE THAT CAME OUT ON 12/10/14: "the Rafidain Bank in Dhi confirmed that the introduction of ATM depends on the zeros out currency" THEY ARE READY NOW!!!
5-16-2015 Intel/Newshound Guru Poppy3 ...AS POPPY3 HAS SAID MANY TIMES AND CHRISTINE LAGUARD HERSELF ANNOUNCED THERE IS NO MORE...NEVER HAS BEEN ANY SUCH THING AS A PLAN CALLED GCR...GLOBAL CURRENCY RESET. ANYONE TELLS YOU ANY REASON FOR DELAY FOR THE RV BECAUSE THE GCR ISNT READY HAS ZERO INFORMATION WORTHY OF YOU WASTING YOUR TIME TO LISTEN TO. NEXT...ANOTHER MYTH THAT THE PRICE OF OIL DROPPING STOPPED THE RV...THEY HAVE KNOWN THE PRICE WOULD FALL WHEN THEY WENT BACK GLOBAL WITH THEIR OIL. PROVEN FACT BECAUSE THE MARKET WILL BE FLOODED PRICE ALWAYS FALLS. PLUS REMEMBER WHEN THEIR RATE WAS $3.22 BEFORE THE WAR...OIL WAS ONLY $31.00 A BARREL...HALF WHAT IT IS TODAY....OUR MONEY IS COMING...GET YOURSELF PREPARED.
5-16-2015 Newshound Guru wmawhite [HOW CAN THE CBI ADVANCE WITH THE DINAR? ISIS HAS TAKEN OVER ANOTHER MAJOR CITY?] Let me ask...is the re pricing of the IQD inside of Iraq or is it outside of Iraq...it is internationally...not in Mosul, not in Ramadi...outside. This is an international financial electronic event. ...some of you do not understand what the purpose is for a country to increase or decrease its international value of its currency. It has so little to do with what is happening on its streets. Instead, it gets a country greater leverage when buying or selling outside its borders. IMO the re pricing of the IQD will take place long before the flood gates open to the world of investors. The IQD will have a new value before they arrive...
5-16-2015 Newshound Guru Breitling Let's talk about the 50k and the 100K note. Here's the reality…this was talked about 3 or 4 years ago so much. Back in those days they hadn't started getting rid of the notes out of the market yet. So if they came out with a 50K note that would have meant they were ADDING note to the market and it wasn't going to revalue if they added those note but NOW they are getting rid of the notes. What is different now? The articles are saying they are being used in conjunction to reduce the note count itself. They are reducing the note count but the pace is completely different. Will it put a ceiling on what you and I can make? Yes it will…what is that ceiling? I don't know. [Post 2 of 2]
5-16-2015 Newshound Guru wmawhite "the Ministry of Transport awarded approve the creation of a single airport, is the Middle Euphrates Airport". It should be noted that the Middle Euphrates Airport needs $ 450 million to start is the infrastructure for it." This is where the Investment side of the budget comes into play...this is where the new value of the IQD is important. There is not enough IQD in the solar system to pay for the this airport...at 1166
Read more: http://www.dinarguru.com/#ixzz3bd1Xl3PA
5-29-2015 Newshound Guru Aggiedad77 Article: "Presidency of the Council of Representatives will meet tomorrow with the heads of the blocks to take a final decision on the three laws" Speaker of Parliament to meet with heads of political blocs again tomorrow to discuss the possibility of resolution on three of the main laws tied up in Parliament currently...Law of Parties, National Guard Law, and Federal Supreme Court Law...we can continue to be hopeful.
5-29-2015 Newshound Guru Millionday Article quotes: "Foreign Minister Ibrahim al-Jaafari, Thursday, that the doors of investment in the Iraqi market is open to friendly countries..." "looking forward to "intensify dialogues for the implementation of the agreements signed between the two countries." THE AGREEMENTS BETWEEN COUNTRIES -- ARE STRATEGIC FRAMEWORK AGREEMENTS. SO KUWAIT AND IRAQ AND ISSUES ARE RESOLVED TO THE POINT OF IT SOUNDS LIKE EXCITEMENT ON BOTH SIDES. OPEN DOORS ANNOUNCED BY IRAQ...WOW. NOTICE THE BIG WORD OF ACTION---IMPLEMENTATION --- WHOOOPOW. IMPLEMENTATION NORMALLY MEANS WITHIN A VERY SHORT PERIOD OF NOT --NOW.
5-29-2015 Newshound Guru Breitling You want to know my mood about Iraq? It's unbelievable what's coming out! I'm going to be in Iraq for the next 20 years…I'm heavily in the ISX…I have stock and I'm getting ready for when they are on NASDAQ so whatever the situation is, [whether] ISIS or Iran does something, that's what I'm aiming for.
5-29-2015 Intel Guru Delta [via FrostyTheSnowman] The article came out today ...the currency...the new notes are going to compete with the other currencies in Iraq – meaning the dollar, the Euro’s or whatever they’ve got there. They stated they were going to give value to the Iraqi dinar...indirectly they are giving you the announcement right there. I’m excited!
5-29-2015 Intel Guru Frank26 [via FrostyTheSnowman] Dr. S [Shabibi] got permission from the IMF...the green-light...he told them he needed security and “funding.” That funding was to just last them a month and this month is coming to an end. They are asking for more money … but I don’t think they’ll give it to them. Oil from Iraq will go global. Cities will be secured. Amazing technology being used ...in Iraq right now. Our Teams are “cautiously optimistic” because the advancement has happened so fast! We are very impressed. Super high chance before Ramadan. Ramadan officially starts on the 18th of June. 5-28-2015 Newshound Guru Aggiedad77 "Presidency of the parliament decides to end the legislative term session next Sunday" Looks like Parliament is going to pull the plug on the existing session this coming Sunday...so a break appears to be coming up for the time of Ramadan...unless someone changes their mind.
5-28-2015 Newshound Guru wmawhite What is incredible is the thought that the CBI would put the IQD on the world currency markets at anything less than what the CBI believes its true value is. For the CBI to put the IQD out there at anything less is literally giving away its wealth. Furthermore, the CBI, who happens to own the IQD, does not care if we own 1 IQD or if own a billion IQD. The fact that we invested is fact that it has value greater than 1166. ...we can only speculate what...the true value is... The IQD is an asset in itself and the idea of Iraq putting it on the world market for anything less than its true value is not wise...and the CBI is very wise.
5-28-2015 Intel/Newshound Guru tman23 I don't follow or look at the VND... The inflation rate in Vietnam is getting under control but still over 20%...which makes a revaluation unlikely... [Agreed - but I have some because, you never know.] I also have some for the same reason.
5-28-2015 Newshound Guru Millionday "The Deputy Chairman of the Committee of Economy and Investment parliamentary Harith al-Harthy, in 20 of last March, that the amendment of the investment law, investors will be in service..." THE INVESTMENT LAWS WERE AMMENDED TO MOVE FORWARD WITH SPEED FOR THE INVESTORS. [Does that mean that the Investment Laws have been voted through?] THE INVESTMENT LAWS WERE JUST BEING AMENDED -- SO IT APPEARS THEY ARE PART OF THE LAWS MOVING FORWARD.
5-28-2015 Newshound Guru Aggiedad77 Money flows within Iraq but is it flowing in the right direction and as smoothly as is needed...for sure the CBI is unable to loan money to the government...that we've known for a long time...meanwhile the Trade Bank of Iraq is loaning money to victims of a recent fire...compassion lending...The Kurds are turning up the heat on Baghdad saying that After May we will no longer share our oil or revenues generated from its sale with you...if you won't make budget payments we will take matters into our own hands again.
5-28-2015 Newshound/Intel Gurus Top Shelf and Backdoc ...additional columns...appeared on the CBI spreadsheet...the numbers...(the VALUE)...also increased! THE FACT THAT THESE NUMBERS ARE BEING ALTERED, AND DOING IT NOW INDICATES URGENCY ON THEIR PART! THEY ARE CLEARLY BEGINNING TO SHOW THEIR HAND SO TO SPEAK! THIS ACTION TELLS ME THEY ARE IN A HURRY! WHY? ...COULD IT BE THE RAMADAN IS NIPPING AT THEIR HEELS?
5-28-2015 Intel/Newshound Guru tman23 Monday comes and you don't see fireworks and a parade going by doesn't mean nothing has happened...Be patient up to the 15th of June... We are in a speculation that $21.50 will become 25,000 plus...And as "grown ups" we know how stupid that sounds... But as speculators and following the trail...we also know the possibility exists.
5-28-2015 Newshound Guru Adam Montana [With the CBI lending/giving money to the GOI and banks, is this a good sign?] I don't think it's a bad or a good sign. The CBI does whatever it wants and as long as I've been watching this deal, they ALWAYS stay on top of every aspect. With that said, I don't worry about what they do until the day they change the rate. Everything else is just fluff and filler. I know that Iraq has major potential to increase the value of their currency, and that hasn't changed at all.
5-28-2015 Newshound Guru Millionday [What is your feeling on that the Parliament does not need/or is required to pass laws in order for the Central Bank of Iraq to change to value of the IQD OUTSIDE of Iraq.] THEY DO NOT. CBI HAS THE JOB OF RELEASING THE INTERNATIONAL VALUES AND THE VALUE OF THE DINAR IN IRAQ.
5-28-2015 Intel/Newshound Guru Backdoc THE VALUE HAS SKYROCKETED BY REDUCING THIS NOTE COUNT. THEY ALSO ADDED VALUE BY STICKING TO AN OPEN GOLD PURCHASING POLICY. IN ADDITION THEY CAN ADD VALUE BY INCREASING BLACK GOLD PRODUCTION WHICH THEY ARE ON A PATH TO DO. THEY CAN ALSO INCREASE VALUE BY VALIDATING PROVEN MINERAL WEALTH IN THE GROUND AS WELL AS SIMPLY ADDING CASH TO THEIR RESERVES. ALL OF THESE ARE OCCURRING. IF WE IGNORE THE POLITICAL DRAMA AND FOCUS ON THE MONEY SIDE OF THE EQUATION WE CLEARLY SEE THE PLAN IRAQ USED TO BRING THE CURRENCY BACK TO ITS FORMER GLORY! [post 2 of 2]
5-28-2015 Intel/Newshound Guru Backdoc AFTER THE IRAQ WAR, NEW CURRENCY WAS PRINTED AND RELEASED. FROM THAT POINT OF RELEASE TO NOW, A JOURNEY OF DECREASING THE MONEY SUPPLY, OR REDUCING THE NOTE COUNT AS I LIKE TO SAY, OCCURRED. THIS WAS DONE IN IRAQ BY DOING CURRENCY AUCTIONS. THOSE AUCTIONS STILL EXIST IN SOME FASHION BUT THEY ARE HIDING THEM CAREFULLY...THEY SIMPLY SOLD DOLLARS AND TOOK DINAR IN PAYMENT FOR IT. [post 1 of 2....stay tuned]
5-28-2015 Intel/Newshound Guru tman23 We are grasping at a speculation that $21.50 could return $18,000 usd or $86,000 usd...which is ludicrous to anyone with common sense... But reality is it has a chance of happening...a revaluation that involves a profit...Iraq has been very evasive on the subject... I would not follow this for 1 day if I did not have the belief that there is a great opportunity for a substantial profit...and that profit is not from a slow float gaining value.
5-28-2015 Intel Guru Mnt Goat Mastercard is not yet international...these cards can be used by anyone processing them when they are abroad (in another country) to use as a DEBIT card and a DEBIT card only. Iraq wants citizens to receive their oil royalties when abroad. Where does this money come from? How do they convert the dinar then to the countries currency equivalent? This money is simply money that is a fixed rate (.86, 1.14, 1,17, etc) from the program that the card holder has been allocated money for by the government and has nothing to do with the global currency exchanges. This money is from the social programs. These cards do not at this time need to tie into the global currency exchanges to get the rate to convert the program amount from dinar to the country’s currency. ...come June and July Iraq will be using these debit cards to payout in some foreign countries and still there will be no international rates progressed to the exchanges thus no RV. So there is absolutely no pressure to RV to set this up to work when they plan to begin paying out the oil royalties. 5-27-2015 Newshound Guru Millionday [WHEN DO YOU THINK THEY WILL VOTE ON ALL OF THE PENDING LAWS ESPECIALLY THE FED CT LAW AND THE INVESTMENT LAW?] THEY HAVE STATED TOMORROW AND ALL WITHIN A FEW DAYS THE TRANSLATION OF THEM NOT VOTING IT IN WAS A BAD ONE AND MEANT THEY WERE VOTING ON THURSDAY THE FED COURT ACT.
5-27-2015 Intel Guru Mnt Goat Once again I am saying I am not calling the RV for June or even July but am telling you there is NO sound evidence that it can or will happen prior to this timeframe of mid June. In fact the most recent news is now telling us we may have to wait until early 2016 but I personally feel if they can control this terrorists threat in Iraq and push out the Iranian influence we might see the RV sooner than later (like maybe this summer). We must wait until the USA and the UN deems it is the right time for Iraq to bring back their currency. NO SECURITY, NO NEEDED LAWS, THUS NO RV!
5-27-2015 Intel Guru TerryK I'M HEARING AND NOT KIDDING TOMORROW IF NOT TONIGHT...SOMEONE TIPPED THEIR HAND TODAY. ...UST PERSON... SAID THAT THERE IS SOME TYPE OF ACTIVITY GOING ON..."PINGING". [is pinging how the banks talk to one another, in a sense?] [In a sense...for instance when i enroll a new employee in direct deposit the bank we deal with pings the employee's account to ensure it's the correct one before depositing money into it.] YOUR SPOT ON.
5-27-2015 Newshound Guru Adam Montana [What would your response be to those of us that are feeling uncertain about an RV ever happening.] I've been harping on the importance of the HCL for a couple years now, and we're closer than ever before to serious success on that front. As encouraging as that may be to myself and others, it's always important to remember that only two things in this life are guaranteed... and an RV isn't one of them.
5-27-2015 Newshound Guru Millionday Article quote: "Legal Committee of the Parliamentary member Ibtisam Hilali, on Wednesday, that the Federal Court Act will not be voted on in the parliament session for tomorrow Thursday." SO MANY LAWS WE KNOW ARE IN SESSION TOMORROW --THEY SAY HERE THAT FED COURT ACT WILL NOT BE VOTED ON -- WE WILL SEE. [Does this federal court act have anything to do with the RV?] IT HAS TO DO WITH IRAQS COMPLETION IN DEMOCRATIC LEGALITIES.
5-27-2015 Newshound Guru wmawhite I just do not understand why so many folks think that the Parliament needs/or is required to pass laws in order for the Central Bank of Iraq to change to value of the IQD OUTSIDE of Iraq. The two are not related...the true value of Iraq today is what it is without...laws. Plus, it's value is relative to other country's opinion of Iraq. Again, we are talking, wanting something that is relative to outside of Iraq. Now, the future growth of Iraq will be determined by many things/events and certain laws will help in the future growth of Iraq. I have never believed that any laws is/was a reason for the CBI to do whatever it wants to do. Or I should state was a reason for the CBI not to do whatever it wants to do.
5-27-2015 Newshound Guru Adam Montana [During Ramadan, does the Iraqi parliament meet at all or is it in recess until the end of Ramadan? If it is in session can they pass any legislation on things like the HCL? And is it legal for the Bank of Iraq to RV during Ramadan?] I've always said in the past that nothing major happens during Ramadan and I don't have much reason right now to think that will change, BUT we have a couple of pending things. 1. The US is now moving in favor of adding more support to Iraq with the motive of defeating ISIS. 2. We're still on the verge of major HCL movement. If we get immediate movement on those two things, or a couple of other key items, then we might see pressure on Parliament to break tradition and actually sing some high notes during Ramadan. The timing of everything is key right now. So to answer the rest of your question, YES it is possible to see major activity from Parliament, even during Ramadan. I always said it wasn't likely in the past, but this year could be different, depending on how things go over the next couple weeks.
5-27-2015 Intel Guru Frank26 [via FrostyTheSnowman] ...the VND Dong...don’t be in disappointed when you see the banking systems have been degraded – last year and this year. That is not a bad thing. Vietnam has amazing control over their inflation. They are expanding and growing the way they are. Degrading is how they control core inflation rates. They joined the trade pack so the currency now has to go through some “hoops” and you will see the Dong is going through what the IDQ went through about a year and a half ago.
5-27-2015 Newshound/Intel Guru Top Shelf I’m bouncing off the walls right now, waiting for what is coming. There is great expectation...I know it’s not over until it’s over but there is just too much LIQUIDITY there and the timing of debt servicing...you can’t mess around with that...you could lose it all if people figure it out...before it happens. The auctions are there...they never went away. No one can find it...but the numbers don’t lie...they are there. The assets over the last 2 years...10 to 30% a month...120%...240 times the assets and they’re paying off debt? The assets...it’s six times higher than it’s ever been and that’s even after paying things off. They still don’t have all of the assets accounted for but they don’t need it. Why? They’ve got it all! The GOI has money to spend comin’ out of the gate! There is not a single thing that is not done. ...its ready to go![post 2 of 2]
5-27-2015 Newshound/Intel Guru Top Shelf [via FrostyTheSnowman] QUESTION – How much is a 25,000 dinar note worth right now at today’s exchange rate? ANSWER – around $23.00 USD. QUESTION – So two 25,000 notes equal...50,000 dinars...which would obviously be around $46.00 USD. ...if they remove all of the 3 zero notes...if they came out with a new 50 dinar note...the old two 25k notes... would be equal to a 50,000 dinar note...would only be worth $46. So a new 50 dinar note...would be equal to a 50,000 dinar note...under the new structure. I’m not taking into consideration at all...any of the additional liquidity behind the dinar. This is what the CBI is saying with numbers. Numbers translate the same...no matter who (or what) it is. It’s a universal language...a language of numbers. A 50 dinar note...up and coming...is technically the same thing as a 50,000 note today – once you remove the 3 zeros. [post 1 of 2....stay tuned]
5-27-2015 Newshound Guru Kaperoni Article: "Completion of the final version of the law of parties" Quote: "The head of the House of Representatives on Monday Saleem al-Jubouri, said that the 22 bill reached the stage of voting in parliament, noting that the National Guard and the Federal Court Rules and laws of the leading parties, which came to a vote." It sounds like they are saying 22 bills are ready for final vote.
5-27-2015 Newshound Guru Millionday Article quote: "...the Presidency of the Council of Representatives is determined to pass more than 20 laws, said during the next three days, the most important of the National Guard and the Federal Court and the parties." THEY PLAN 20 OR MORE LAWS TO BE PASSED IN THE NEXT FEW DAYS. [Does that include HCL?] THEY HAVE INCLUDED IT IN REPORTS...I SAY YES BY WHAT I HAVE SEEN. 5-26-2015 Newshound Guru wmawhite Folks, for the last 9 months the dollars that you own have actually increased in value over 25%. However, the notes I have still had the same numbers on them. My checking account did not increase either. In other words, the USD became stronger but we didn't notice it inside of the USA. However, had you flown to any other country and exchanged the USD for that country's currency you would have received much more that a year ago. So, when the value of the IQD increases it will be noticeable over many months in the jobs and stores inside Iraq. The big change will not be of benefit to the Iraqi unless he travels outside of Iraq and exchanges the IQD. [Are you expecting this to start out at 86 cents?] JIMO...the like value of $43.00 is just an example it will take much more than $0.86 to get those prices down to make it seems as $43.00. In other words, much greater than $1.00. [post 2 of 2]
5-26-2015 Newshound Guru wmawhite [So they want to Increase their money supply or no?] It is a fine line...they need the notes in order to buy/sell...However, the fewer notes country wide the more value there is. Folks, all this talk in Iraq about the currency/notes is really not about what we want. It is needed in a sense because they will need the correct mix of notes in order to participate within the economy. However, when they speak about value with smaller notes, then that is dependent upon the value of the IQD outside of Iraq ...keep in mind when you hear "increased purchasing" power that only happens for the Iraqi when the costs of goods decrease, i.e. the prices on the shelves go down. This will happen when the currency that is buying those goods increases in value. the reason this is such a requirement is because 90+% of all goods in Iraq are purchased outside and imported. [post 1 of 2....stay tuned]
5-26-2015 Newshound/Intel Guru BGG With the recent news, I am so thankful I have all my affairs in order because there is no telling what is going to happen. Article: "Central Bank of Iraq To Issue Large Value banknotes" This is really the biggest news of the day. In context it says "large value banknotes"...it is plain what thought they are trying to transmit to the average Iraqi...they are implying there will be higher or more value to their currency. I don't think we will have long to find out.
5-26-2015 Intel Guru Delta Just a quick update about the CBI. I’m excited...it looks like we are ready to finish the final chapter. We have some confirmation about the article came out about the 50 dinar...the 1,000 dinar...the 100,000 dinars … basically the confirmation from the CBI...they stated that the CBI is planning to increase the value of the Iraqi Dinar BEFORE they introduce those denominations. Lots of things starting to line up. Looks like we might see the rate change before Ramadan. We believe that everything is done...just waiting for the right timing between the GOI and the CBI. IMO...this is the right timing...before Ramadan.
5-26-2015 Intel/Newshound Guru tman23 [we are still in a goodplace w/this investment IYO?] ABSOLUTELY! WHY WOULD ALL THE ARTICLES BE DEMANDING REMOVE THE ZEROS...FROM PARLIAMENT...IF SECURITY WAS AN ISSUE? WHY?
5-26-2015 Newshound Guru Millionday Article quote: "...announced the approval of the establishment of each of the Rafidain and Rasheed deposit part of their money with private investment of the funds of private banks in investment projects..." REMEMBER THAT RAFIDAIN BANK HAS ANNOUNCED THEY ARE OPENING INTERNATIONAL BRANCHES. SO THE FUTURE PLANS ARE HERE -- WHOOPOW -- MOVING FORWARD WITH PROGRESS THEY PLANNED ON... IRAQ SEEMS TO BE GOING FORWARD AS PLANNED...
5-26-2015 Intel Guru Frank26 IMF said you have to do 2 things – raise the rate and pass those border taxes. Guess what? The CBI/GOI today ANNOUNCED they have 20 laws about to be released and it’s the tariff laws! All of this to get security. Do you see that MasterCard wanted to come into Iraq...still needs an international rate but they still issued the cards to the retirees living outside of Iraq. Position and posturing. Last year is the first time we didn’t see the GOI go on vacation in the summer. They are there working. It is permissible to work during Ramadan – it’s just rare.
5-26-2015 Newshound/Intel Guru BGG Article: "Central bank of Iraq to issue large-value banknotes" Quote: "In an important step to support the economy through monetary reform, the Central Bank of Iraq plans to issue banknotes with larger values than the ones in circulation..." they plainly said "large value notes"...Large value - NOT LARGE...WOW! [Please give an example of Large ---VALUE note.] by their own admission - a 50 Dinar note worth $43.00 - that would be a large value note. looks like things are about to get interesting.
5-26-2015 Intel Guru Delta they’re ready to go, we’re very, very close and they have to keep moving...the banking system is ready and there’s a lot of pressure. The financial committee said JUST LIFT THE 000’S so you can move forward. I believe they’re waiting for the right timing. ...if they do it during Ramadan it’s going to be confusion, but if they do it a couple of weeks before, they’ll use the dinar and not shock the market. ...the longer they go without a RV, the longer it’ll be for the next window and they can’t do it until the mid-July or end of July... Can they wait, yes, but the longer they wait, the more issues they’ll have. the next window is from now to the first week in June...we know it’ll be 85-86 cents. [post 2 of 2]
5-26-2015 Intel Guru Delta It looks like the Parliament had a meeting with the leaders to pass 20 pending laws...they’re ready for voting. They’re going to accomplish this in the next 3 days. One of the most important is the investment law... The revaluation is to increase the rate and this law will help Iraq do that. Everyone knows that the CBI is coming out with the 50 and 100 dinar...still confusion that it’s a 50,000 and 100,000 but it’s not…it’s just the value. Abadi said this is what we need because we need the money supply, easier to carry around and something they don’t have to use like US dollars. It looks like the rate will change before they introduce the lower denominations and 24 - 48 hours we should see the lower denominations along with the 20 laws to pass this week and the activation for the private sectors we’ve been waiting for...the new rate is one of the anchors for the private sector and economy. [post 1 of 2....stay tuned]
5-26-2015 Intel/Newshound Guru Poppy3 GOTTEN SEVERAL EMAILS OVER THE WEEK END AND EVIDENTLY SOME [ONE] HAS AGAIN BEEN SAYING THAT BANKS ARE TRAINING NEW EMPLOYEES FOR A RUN ON THE BANK WHEN THE RV HAPPENS. ...IN AMERICA LESS THAT 1% OF PEOPLE EVEN KNOW WHAT A DINAR IS MUCH LESS ARE INVESTED IN THEM. SECOND MORE THAN 80% OF AMERICANS ARE PAid on friday YET ON FRIDAYS WHEN MOST BANKING IS DONE WEEKLY THERE ISNT A RUN ON THE BANKS THAT REQUIRES MORE TRAINED TELLERS...THERE WILL NOT BE A RUN ON THE BANKS...ALL IS WELL AND YOU WON'T HAVE TROUBLES EXCHANGING YOUR DINAR ONCE WE GET A RATE TO WORK WITH.
5-26-2015 Newshound Guru Millionday Article quote: "The emergency meeting, which was held in the presence of Parliament Speaker Salim al-Jubouri in the House of Representatives aimed at resolving differences over the broken laws and the possibility of reaching agreement on them and present them to vote at the meeting on tomorrow." THEY ARE WORKING TODAY [MONDAY] TO RESOLVE LAWS TO HOPE TO VOTE THEM ALL IN TOMORROW [TUESDAY]. WHOOOPOW.
5-26-2015 Newshound Guru Kaperoni ...i look forward to Abadi launching the inititive for a market economy next week. This will hopefully create some momentum. there is a clear plan...introduce a 50k to consolidate the physical notes...that will happen within weeks...has no effect on the rate. then when stability sets in, they will initiate the change in exchange. if Abadi's plan works, and the market economy begins to take off, it will create momentium and stability...the more stability, the more investment and it appears that Saleh wants to initiate the prjects by 2016. So the dinar will begin to rise then. And we shall see the dinar appreicate over the next few years...eventually, the zeros will be deleted as the dinar rises... unfortuatly, now is not the time...so we wait...i wish they would start now but they made it clear its not the time. the proof will be the new 50k coming out in a few weeks or less unfortuately we are going to have to sit and relax for a few months. 5-25-2015 Intel/Newshound Guru tman23 In an interview given to CNBC at the World Economic Forum in Jordan, Kurdistan Region President Masoud Barzani has warned Baghdad that a failure to resolve the budget issues will lead to the KRG selling oil independently. Either Iraq will commit to the agreement that they have and will pay the Kurdistan Region or, in another case, if they don’t and fail to pay Kurdistan, then we will be selling our own oil and collecting our own revenue,” he said, saying that the deadline for cooperation is just “one or two…months” away... Barzani statement from DAVOS economic forum...and is in INK... Baghdad has about 1 month to begin paying ...2 at the most! So we can assume that 1.2 billion is expected in full in by mid July at the latest or Kurds will collect their own oil and collect their own revenue...Abadi said a few weeks ago that starting July Iraq would be able to make all payments in full and on time... And in January he asked citizens to be patient until June.
5-25-2015 Intel Guru Mnt Goat ...now we see the resurfacing of the Mastercard contract with Iraq. I want to tell you this does not put any more pressure on Iraq to RV but is a good sign since it a progression in the plan to see the RV shortly. Iraq can begin using these cards to payout on these special welfare like programs TOTALLY UNAFFECTED BY THE RV? THEY DO NOT NEED A revaluation TO BEGIN THESE PAYOUTS! It seems we are hearing great news on many laws going into the next parliament session for the final vote and then they never reveal what happened until eventually we see them in the gazette. We are expecting a bundle of laws placed in the gazette all at once in a close proximity of timeframes when they are ready. NO SECURITY, NO NEEDED LAWS, THUS NO RV! [post 2 of 2]
5-25-2015 Intel Guru Mnt Goat ...the CBI needs a sound level of SECURITY in Iraq to bring back the currency. The USA agrees with their decision to hold off until this SECURITY level is reached. It is now up to the CBI to determine this needed level since it is their country. Let me say the GOI does not like this delay and will do everything in their power to circumvent the CBI in this matter. They are supposed to be working together on this event but apparently they are still at odds. In the long run the USA has the ultimate power to decide to complete the rollouts of the new rates to the currency exchanges and the RV can not happen without it. I am told they will NOT do it without the full support of the CBI (and not so much the GOI). [post 1 of 2....stay tuned]
5-25-2015 Intel Guru DC [via Already Blessed] WE'RE ALL STILL IN THE GAME AND THE GAME IS STILL ON...EVERYONE IS READY...
5-25-2015 Newshound/Intel Guru BGG [When the GOI orders the CBI to do something, such as drop the 3 zeros...how long should this take to be completed...this is what was ordered, correct?] We're about to get a ring side seat to see this very set of circumstances play out. [so do you feel all the isis stuff will have no impact in the very very near future?] if it does - it may enhance our opportunity - if anything. THE GOI NEEDS MONEY JUST LIKE YOU AND I... without a currency shift they cannot meet their budget and they need all the extra money they can get ahold of to fight ISIS.
5-25-2015 Newshound Guru Enorrste A member of his [Bush] staff did make a quote that seemed to indicate that he felt that Iraq would "pay" for the war in some way in the future...Bush never actually made the quote... Whether that was through a contract for oil at $23 per barrel made with the US, as some have indicated, or through a rise in the value of the dinar, as others have stated, is anyone's guess. In any case, it would not take an RV to "pay" for the war. The US, supposedly, is sitting on a lot of dinars at the Federal Reserve (although that has never been proven). Should the value float up to $1 or more, then the US will have been "paid back" for the war through that means. An RV isn't necessary. At $1 the value of the money supply would be $41.5 trillion. That is about 3 times the money supply of the world. It just can't be supported. They would have to reduce the money supply to about $40 billion PRIOR to an RV, and they can't do that and still keep the economy going. The ONLY way to do this is through a float.
5-25-2015 Get caught up on the weekend updates below and if you are not a dinarguru.com alert list yet now is a great time to do it...It's free as always and only take 2 seconds...If you invested in the dinar and spend time on the site you don't want to miss something very important because you're not on the list. Click here to get on the list now.
5-24-2015 Newshound/Intel Guru BGG Article quote: "Iraq today - the parliamentary finance committee the central bank demanded the implementation of the project to delete the zeros of the three of currency instead of issuing new editions of major categories." This is obviously THE BIG news of the last few days...Demanded...they've essentially "Demanded" an RV...I don't know how else to say it...the Finance Committee got their point across to the CBI.
5-24-2015 Intel Guru Jester [all I really want to know is date and rate...] RATE... NOT WHAT YOU ARE HOPING FOR... NOT WHAT YOU ARE EXPECTING... DATE... BETWEEN NEXT WEEK AND NEVER... HAHAHAHA. ALL THE PUZZLE PIECES SEEM TO BE IN ORDER... THE FLY IN THE OINTMENT RECENTLY IS THE APPEARANCE OF THE SO CALLED OVERPRINTED DINAR... AND WHAT THEY HAVE DECIDED TO DO ABOUT IT... BUT ALL THE PIECES ARE THERE... AND THE PLAN IS MOVING FORWARD...
AT A HIGH RATE OF SPEED. IT IS NOT GOING TO PLAY OUT LIKE EVERYONE THINKS...
5-24-2015 Intel/Newshound Guru Poppy3 Article quote: "Your national team revealed preparing promotion of the private local and industry sector strategy, on Saturday, about the government's intention to launch the strategy next week" their PLAN IS MAY AND THEY SAID IT IN INK...AND ALL THIS WONDERFUL NEWS NOW SAYING LAUNCH NEXT WEEK...WOW, WOW, WOW.
5-4-2015 Newshound Guru Millionday ACCORDING TO WHAT WE ARE READING THEY HAVE A TIMELINE FOR SO MANY LAUNCHES TO OCCUR NEXT WEEK. HOWEVER WE HAVE TO WATCH THE ACTION. [If the are planning in launching this next week, will the have the laws voted in place by then?] I WOULD ASSUME THEY EXPECT TO HAVE ALL PERTAINING LAWS IN PLACE FOR THIS ALL TO BE ACCOMPLISHED. [launch as in activate?] YES. I AM EXCITED TO SEE WHAT HAPPENS. [post 2 of 2]
5-24-2015 Newshound Guru Millionday Article quote: "Your national team revealed preparing promotion of the private local and industry sector strategy, on Saturday, about the government's intention to launch the strategy next week" [the ink looks like it is showing us the beginning of the revalue?] THE INK IS SHOWING US THE LAUNCH OF THE INTERNATIONAL BANKS -- THE PREPARATION OF THE REDUCTION OF THE PARALLEL CURRENCY MARKET ---THE LAUNCH OF THE INDUSTRY AND PRIVATE SECTOR --- TAXES /CUSTOMS/PRODUCT PROTECTION/AND MARKET EXPORTING --- AND THE MOVEMENT OF BUDGETED MONEY. ACCORDING TO REPORTS -- ALL OF THIS IS PLANNED WITHIN THE NEXT WEEK... [post 1 of 2....stay tuned]
5-24-2015 Newshound Guru Kaperoni Article quote: "the Governor of the Central Bank on the Keywords for "Qurtas News" that the project application to delete the zeros Matrouh the bank's management for years but its application depends on the stability of the country, indicating that the central bank found the plans in order to strengthen the dinar and stability through printed with groups of local currencies large Kal50 thousand dinars and 100 thousand dinars." It is very clear that nothing is going to happen with the exchange rate for a while... until stability. In the mean time, they plan to issue the larger bills to "deflate" or reduce the physical paper in circulation. Unfortunately, we have a bit yet to wait until the conditions are such that they can begin to raise the value. 5-23-2015 Intel/Newshound Guru Poppy3 THE VERY NEXT DAY ABADI ANNOUNCED THAT THE GOI AND CBI WILL WORK TOGETHER TILL ALL REQUIREMENTS ARE COMPLETED. THEY HAVE HAD MEETINGS EVERY DAY SINCE WITHOUT A DAY OFF. THE SOURCE SAID...WHEN THEY FINISH WE WILL SEE THE NEW RATE REGARDLESS OF TIMING OF RAMADON, HOLY DAYS, END OF QUARTER, BEGINNING OF QUARTER, NEW YEARS ETC. I AM VERY ENCOURAGED AND EVEN GETTING EXCITED BECAUSE INDICATIONS ARE THEM SAYING THEY WANT TO FINISH IN MAY APPEARS VERY ATTAINABLE. [post 2 of 2]
5-23-15 Intel/Newshound Guru Poppy3 I REPORTED TWO MONTHS AGO THAT HAS NOT CHANGED...INFORMATION FROM THE BEST SOURCE EVER...SAID [MEETING OF] ALL IMF,WORLD BANK, ABADI , JOBORI AND THE LEADERSHIP STAFF OF CBI INCLUDING DR SHABIBI TOOK PLACE...AND THEY COVERED THE LIST OF ALL ITEMS THAT NEED COMPLETING STEP BY STEP TO MEET ALL REQUIREMENTS. THEY THEN DID SOMETHING THAT THEY NORMALLY...HAD NEVER DONE...THEY PLEDGED TO ONE ANOTHER TO EACH DO EVERYTHING THEY MUST DO TILL THEY COMPLETE THE LIST, THEY SHOOK AND THEN HUGGED ONE ANOTHER ON THE AGREEMENT. (THAT HAD NEVER BEEN DONE BEFORE). [post 1 of 2....stay tuned]
5-23-2015 Intel Guru Frank26 The MR [Monetary Reform] at this moment in our known time is vibrantly LOUD! THEY ARE GETTING IT DONE.
5-23-2015 Newshound Guru Enorrste ...the CBI NEVER intended to do an RV...we...know that the CBI would be foolish to even consider such an idea because it is financially impossible. The RV was never in the plan, ever. It was never in the cards at all! Therefore, to conclude, both the float and the introduction of the larger notes have always been in the plan. The introduction of the large notes will begin the process of bringing the street rate closer to the official rate (a good solution since the auctions are now off the table). The introduction of the large notes is imminent. It is also a part of the plan. Therefore the continuation of the plan is imminent as well. After the large notes are issued and the street rate begins to go back toward the official rate, AND, with the reduction in paper that the larger notes will effect, the completion of the plan, namely the change in the exchange rate regime, will be possible. ...I am still cautiously optimistic that this could all get accomplished (start the float) before the end of the year, with the caveat that the security situation is a wild card.
5-23-2015 Intel/Newshound Guru Poppy3 I DO STILL BELIEVE THEY WERE AND ARE SERIOUS ABOUT COMPLETING ALL REQUIREMENTS FOR FINANCIAL REFORM BEFORE THE END OF MAY.
5-23-2015 Intel/Newshound Guru tman23 Dates... May 25th Parliament will vote and pass the Investment Law... Then the CBI has 15 days to "show me the money"... The new currency they are going to be releasing! 5-22-2015 Intel/Newshound Guru POPPY3 [They are voting on the investment law on Monday is that right?] THATS WHAT I HEARD BUT ALSO HEARD THE INTERNATIONAL INVESTMENT LAW WOULD BE VOTED ON TOMORROW. TIME WILL TELL VERY SOON. REGARDLESS THEY KNOW WHAT IS NEEDED AND THEY ARE COMPLETING EVERYTHING AS SOON AS THEY CAN. IT IS ALSO VERY OBVIOUS THEY NEED THE RV AND WANT IT AS BAD AS WE DO BECAUSE AT PRESENT LARGE INVESTORS ARE TALKING BACKING OUT LIKE FORD MOTOR WHICH WAS TALKING BUILDING MANUFACTORY THERE WHICH WOULD MEAN BILLIONS IN INVESTMENT. MANY OTHERS PENDING AND THEY KNOW WILL BACK OUT ALSO IF THEY DON'T GET THINGS COMPLETED.
5-22-2015 Newshound Guru wmawhite I have never, never bought into the 50K and 100K hype and here is why. This is from another researcher...Putting the 50K and 100K to pull in the smaller notes would be the same as HAVING A 500 OR ONE THOUSAND BILL REPLACE ALL THE 1, 5, 10, 20, 50 AND 100 DOLLAR NOTES HERE IN THE USA. THAT IS WHY THIS RUMOR SHOULD BE PUT TO REST. JMO.
5-22-2015 Intel Guru TNT Tony [via Adept1] We are talking to people actually walking the streets, and they say that ISIL only has one section of the town, and it’s not a big deal. They feel they are winning against ISIL, that they pushing them out. It’s very different on the ground than what we see on CNN or the news. Last night banks sent out memos with a potential start time. In Iraq, their Prime Minister has said that “In the next day or two” their lives will change drastically. On Monday, the US said that they would not block this any further... We are in the middle of the perfect storm. The US always preferred a weekend, and even better a holiday weekend.
5-22-2015 Newshound Guru Millionday Article quote: "Some citizens believe that the "large cash categories" to enter the market now is tantamount to adding new burdens on the ordinary citizen as simple salary categories will be hard to break or turn them into smaller groups in order to dispose of them." THE LARGE DENOMS MAKE NO SENSE FOR SMALL PURCHASES AND NEVER DID -- ADDING CONFUSION AND FEAR. THEY ARE SAYING THAT EVEN THOUGH THE LARGE DENOMS ARE ENTERING THE MARKET -- THE SMALL DENOMS ARE ENTERING AND THEY ARE FORMING THE MODERN ECONOMIC BASE-- GLOBAL MARKET --/TRADE...WHOOPOW. KNOW ONE THING -- THEY STARTED THIS THREE DAYS AGO AND SENT THE MONEY TO THE BANKS.
5-22-2015 Intel Guru DC [via Adept1] In the USA, IMF and BIS are ready to go. There have been tests worldwide, and bankers have told their people to be ready to go. They have pulled in key...technical, legal and management staff...[they] are in lock down. They are in place so that if a glitch comes in, they are on the spot to solve it. Major banks have sent out memos to get their staff ready for this revaluation. Some mentioned specific dates, some just said “in the next five days”. Those memos have gone out throughout the world as well as the US banks specifically. Iraqi security is better than we keep hearing here. ISIL did not take over the whole town of Ramadi. It’s serious and lives will be lost taking it back, but it could be over in a few days or weeks. [what are the rates right now?] 3.91 to 4.57 on the dinar; 1.08 = rupiah; 19 cents on zim; 1.67 = dong; 1.48 = Afghan currency. Iraq is ready, multiple worldwide tests were successful. Everyone is engaged and ready to go, looking forward to this very quickly.
5-22-2015 Newshound Guru Breitling A lot of people are asking about the fall of Ramadi. the Sunni (ISIS) have their section, the Kurds have their section and the Shia have their section of Iraq. Are the Sunni ISIS taking over the Kurdish area? No. Are they taking over the Shia area? No. There's debate about if ISIS took over huge swaths of Iraq…It was sunni sections anyway! If there were pockets of people who didn't go to their church they paid…like the christians or a Shia town or village that's where the turmoil comes in…but they're taking over their own section. So does it sound like the whole country is going to fall? No, they simply took over their own section. It's a balance…watch as a measuring tool how much they get into each other's territory and that's the best temperature you can take. That's why I don't worry about some of the stuff that's going on.
5-22-2015 Intel/Newshound Guru Poppy3 tman23 THANKS FOR THAT POST [reference Guru tman23 post below, 5-22-2015] I HAD THAT SAME CONVERSATION YESTERDAY WITH A GROUP OF VERY WEALTHY WELL INFORMED FRIENDS AND YOU ARE EXACTLY CORRECT. THE HEAT IS ON BECAUSE LIKE YOU SAID BAD NEWS TRAVELS FAST AND FROM ALL INDICATIONS MANY INVESTORS ARE ALREADY BACKING OFF THEIR INVESTMENT IDEAS BECAUSE OF UNREST AND NO PROTECTIONS FOR THEIR INVESTMENT CAPITAL.
5-22-2015 Intel/Newshound Guru tman23 Come invest in Iraq...OKAY! What are the capital requirements? What are the rates of applied taxes? What is the timeline to move my capital out of country? How will disputes be handled? What are my liabilities if I employ local workers?...AND what steps are in place to protect my vested interest... Don't worry about that Mr. Investor... Coming soon will be the investment laws that will describe obligations of the parties... We will tell you all about it AFTER you deposit your funds in Iraq and are neck deep into it! They need the INVESTMENT LAW first! And then they immediately need to update with monetary reform. This all ties together...to change values in the middle of the game will have an effect on some and result in an influx of complaints... Bad news amongst investors spreads fast...Iraq cannot afford bad press from inestors at start up.
5-22-2015 Newshound Guru Mailman17 I AM GONNA STICK MY NECK OUT HERE...BUT IF...I REPEAT IF...IRAQ COMES OUT WITH A FIFTY OR ONE HUNDRED THOUSAND NOTE TO REDUCE NOTE COUNT, JUST WHAT THE HECK WILL IRAQS USE TO BUY ANYTHING UNDER 46 SIX BUCKS LET ALONE 90...ARE THEY GONNA TAKE IN ALL THE 3 ZEROES AND REPLACE THEM WITH A CURRENCY NO ONE CAN USE...NOT...THAT IS WHY THIS IS NOT AND NEVER WAS AN OPTION...EVER. THAT WOULD BE LIKE HAVING A 500 OR ONE THOUSAND BILL REPLACE ALL THE 1, 5, 10, 20, 50 AND 100 DOLLAR NOTES HERE IN THE USA. THAT IS WHY THIS RUMOR SHOULD BE PUT TO REST. JMO.
5-22-2015 Newshound Guru FrostyTheSnowman Article: "UN head Ban Ki-moon arrives in Viet Nam" [Guru] Frank26...asked ...WHO would be there at the end ...to more or less take a "victory lap" concerning the MR? My opinion was that the UN would make a series of appearances. Smile for the camera Mr Ki-moon ... it's show time for Vietnamn too!
5-22-2015 Newshound/Intel Guru BGG my comments on the developing story in Ramadi: I am sure various news outlets are reporting things that suits their narrative - as they tend to do...however, Ramadi and ISIS is a serious situation. Will it directly impact the RV - I have been plain in my comments - if anything it puts additional pressure on Iraq. Not less pressure. I have not deviated - and I am thinking I'm on target here. [With all this ISIS going on in Iraq is there any chance even for them to get this thing done in the near future, like next week, next month...?] this may be the thing that makes next week, or next month even possible.
5-22-2015 Newshound Guru Adam Montana [Can there be a increase in value of the IQD before ISIS is eliminated inside Iraq?] Eliminated? ISIS will never be 100% eliminated. Contained or Controlled? That's another story, and it will happen soon enough.
5-22-2015 Intel/Newshound Guru Poppy3 i can say with complete confidence that ISIS does not have control of anything. Plus all these banks they are reported taken over is all bull. They have never breached one bank vault within Iraq. YES THEY ARE THERE IN SMALL GROUPS SCATTERED THROUGHOUT AND YES MANY PEOPLE HAVE LEFT THEIR CITIES AND HOMES DURING AND AFTER ATTACKS BUT ISIS DOESNT CONTROL ANY CITY WITHIN IRAQ. SECURITY IS NOT AN ISSUE TO THE TIMING OF THE RV AT ALL. THE COMMANDERS ON THE GROUND THERE ARE MAD AS H### AT THE MEDIA...BECAUSE THEY ARE MAKING THEM AND THEIR TROOPS...LOOK BAD TO THE AMERICAN PUBLIC. ...I'LL TAKE THE WORD OF COMMANDER WITH BOOTS ON THE GROUND THERE.
5-22-2015 Intel Guru Frank26 [I believe I heard Frank say...that they are considering this year "a year of exception" and they WILL work on the MR during ramadan to get this done.?] Consider...They will work during Ramadan ...Fight ... Eat when they CAN. Right now ... Nothing can stop this Lava Flow but ... God. 5-21-2015 Newshound/Intel Guru BGG [I don't feel hopeful for soon tell me I am wrong please!] You're wrong...there is way to much missing info for us to be able to make perfectly accurate assessments - one way or the other. we're in a good investment...that is enough.
5-21-2015 Intel/Newshound Guru tman23 ...I am so focused on the INVESTMENT LAW...Which I expect to be brought to vote MONDAY the 25th of May. They are timing this Law with intentional delay.
5-21-2015 Newshound Guru Enorrste I'll stick my neck out with an OPINION: The CBI will not change the official rate. Furthermore, the 50k and 100k notes will come out within the next 90 days and the paper currency will fall by 50% before the end of the year. None of this will affect the money supply or the value of the dinar directly. If, and this is a big "if", the security situation has improved by that time then I believe the CBI will change the exchange rate regime before the end of the year. If the security situation stays the same or gets worse, then we won't see much before next year. Of course I could be wrong. [post 2 of 2]
5-21-2015 Newshound Guru Enorrste I believe that a genuine plan that is logical and consistent has existed for nearly 8 years now and that, however slowly, it is finally coming to a point where it will begin to pay off for us all. I don't believe that I am naive in being positive. On the contrary, I find that Iraq is an amazingly resilient country, irrespective of the problems that it faces, which are many. It seems to me that this "democracy experiment" has sunk deeply under their skin and they aren't going to give up on it easily. When placed up against ISIS's view of the world, it looks pretty good! ...articles indicate that the currency will be the best available in the world. [post 1 of 2....stay tuned]
5-21-2015 Newshound Guru wmawhite [...do you think that the wave of investors will move into Iraq before the IQD reprices and wait on it? Or, the IQD repricing and the CBI says to the world "see here and we are ready to back our value because the IQD is a strong currency"...and then the investors start moving onto Iraq.] I think the latter will happen first.
5-21-2015 Newshound Guru Millionday Article quote: "Rafidain Bank announced, on Saturday, announced the launch of MasterCard service E-retirees who are out of Iraq through its branches located there." THE BANK IS LAUNCHIING THE MASTERCARD SYSTEM --THE ACTIVATION OF THE CARD AND THE ACCESS TO THE FUNDS ARE NOT THE SAME AS THE LAUNCHING. ...THE SMART CARD IS EXPECTED TO BE USED FOR SECURITY IN GLOBAL BANKNG SO...THIS IS MAJOR NEWS FOR IRAQ TO HAVE A GLOBAL CARD COMING BACK ON TO THE MARKET AFTER ALL THESE YEARS.
5-21-2015 Newshound/Intel Guru BGG [HOW MUCH OF IRAQ IS ACTUALLY BEING TAKEN OVER BY ISIS PRESENTLY?] Not that much. I was looking at a map yesterday - ISIS is far more entrenched in Syria than Iraq. personally - they have been losing ground steadily - they threw everything they had at Ramadi and it paid off (at least for now)... I don't foresee this as a long term outcome - there is concern they will aim at Baghdad - I doubt it. They won big so far... but they are at the very edge of their reach - they have so little support out there and are an easy target to be cut off.
5-21-2015 Intel Guru Delta This article was very, very clear that the IMF, the World Bank, the US Treasury and the CBI GOI they are all now in agreement to raise the value by them lifting the 3 zeros. The CBI will announce a new exchange regime...announce that they are “Article 8” and they will announce a new rate and new denominations. The 50 and 100 dinar should come out together. The plan for the CBI is to get rid of USD’s which will enhance the value of the IQD which will give more CONFIDENCE...especially INTERNATIONALLY! The exchange rate has to change no matter what to become international. The article said today by them coming up with a new currency they will be international. That’s Article 8 which must be a TRUE VALUE...around .85. ...you don’t have to rush to exchange... they should have 2 or 3 different revaluations after the .85 cents. At some point they should get close to the value of Kuwait. So the good news is every investor outside of Iraq...they are all going to be rich. [post 2 of 2]
5-21-2015 Intel Guru Delta Apparently the article that came out two or three weeks ago about the 50,000 and 100,000 dinar notes...a lot of people are getting confused about that. This article should make you EXCITED and ready to celebrate...give you the confirmation that we are very, very close. No doubt about it. Basically what the article is saying is the new currency that Iraq is going to come out...they will be able to trade/exchange it inside and outside of Iraq. That should make you very happy for so many reasons. ...they are going to raise the value, Article 8, and lifting the 3 zeros. How are they going to do that (lifting the 3 zeros from the exchange rate?). The 25,000... 10,000...5,000...1,000... they are basically going to stay for a long, long time – until they phase them out! [post 1 of 2....stay tuned]
5-21-2015 Intel Guru Mnt Goat Update of the Needed Reform Laws: I am now hearing that parliament fully intends to take a final vote on three of these laws later this week or next week. Articles have told us the likelihood of being passed is very high. - National Guard Law. -Parties Law. -Courts and Justice Law.
5-21-2015 Intel Guru TerryK [we gonna have RV this week?] 28-29TH...WHAT IM GETTING. 3.91 DINAR...RUMOR, 1.09 DONG...RUMOR, ZIM DROP 6 ZERO .15.
5-21-2015 Newshound/Intel Guru BGG Articles: "Jubouri Announces Extension of parliamentary sessions to the end of the month" "Major movement forward in Parliament on several critical fronts" Whatever they have coming up - it's important... Whatever it is on the agenda - IT IS VITAL... for the Iraqi's to continue passing up on a vacation - is odd. I look for good things from this short Parliament session... [...do you believe we'll see (it) before Ramadan?] with all the possible distractions - it is impossible to say...anyone who does is foolish. However, in spite of the security challenges - Parliament and much of the GOI appear to be moving forward "with prejudice"... ("with purpose").
5-21-2015 Newshound Guru Kaperoni Article: "Parliamentary Finance: Iraq's new currency will be traded outside the country" The whole idea of them trading the dinar with the world is a good thing! If Iraq can hold it together, and solve the security issues, we may see the deletion of zeros start by end of year. I love these articles! 5-20-2015 Intel Guru Mnt Goat Today is Wednesday May 20th and still no RV and just 11 days till June... I am not calling the RV for June but telling you there is no sound evidence that it can or will happen prior to this timeframe of mid June. ISIS and the Iranian militias must first be dealt with. It is not my opinion but the currency rollout policy of the USA government. NO SECURITY, NO NEEDED LAWS, THUS NO RV! Iraq can move in the any direction it wants and try to rollout many of the international obligations needing the international exchanges for their new currency, as we are now hearing. But in the final analysis the IMF and the USA still...have the final say.
5-20-2015 Intel/Newshound Guru tman23 ...yesterday the 19th was a voting dud as we suspected such last week it would be... SO...The 25th we are looking for the vote on the investment law... And my money is on it being passed on the 25th...and IMO it is BIGGER than any other law at the present... There was NO REASON NOT TO VOTE ON THE INVESTMENT LAW...OTHER THEN THEY ARE TIMING IT WITH???
5-20-2015 Newshound Guru Adam Montana [With the CBI lending/giving money to the GOI and banks, is this a good sign?] I don't think it's a bad or a good sign. The CBI does whatever it wants and as long as I've been watching this deal, they ALWAYS stay on top of every aspect. With that said, I don't worry about what they do until the day they change the rate. Everything else is just fluff and filler.
5-20-2015 Intel Guru TNT Tony On Iraqi television, Abadi held a news conference at 11pm to announce things are moving forward. He did not express any concern over the ISIL situation, and said that there would be major economic reform in the next day or two. There is not a lot to do over there except for DO IT! Some people on this side expected it to be done today, and they have scheduled rehearsal for tonight, tomorrow, gearing up for a flood of people to come in. They are telling their staff that they want to run through this one last time. I think it might be a great day for us! [post 2 of 2]
5-20-20-15 Intel Guru TNT Tony [via Adept1] In Iraq a lot of good things are going on. There were meetings last night and passed a couple of laws. They got the GO this morning, clear sailing for everybody. It looks good! There are no problems over there, even in Ramadi. They have Mosul under control. We have a guy over there... in Kurdistan... saying...and the rate was $22 for 25 dinars...those we talked to in Baghdad today don’t yet have it. Their friends and relatives do have it and are spending at that rate. Baghdad will not get this until it is announced, which is when we get it as well. [post 1 of 2....stay tuned]
5-20-2015 Intel Guru SteveI This is an investment into a country with...very rich vast assets to back up a more valuable currency than what it is at this point in time. One year ago ISIS was not a factor, but now it is. ...ISIS will not be here forever. I have some very close contacts and ties to this and I will not in a million years bail now. (maybe not ever) with what I know.
5-20-2015 Intel/Newshound Guru tman23 The CBI SAID...The "NEW" must come FIRST...(are they meaning the new lower denominations) AS A PRELUDE TO LIFTING THE 3 ZEROS FROM THE CURRENCY... If they are speaking of new lower denominations...THEN when they introduce them...SHORTLY AFTER (and there will be a time frame) THEY WILL TAKE AWAY THE LEGAL TENDER STATUS OF THE 3 ZERO NOTES...MEANING THEY WILL NOT BE ACCEPTED IN THE MARKET...BUT WILL BE EXCHANGED FOR A PERIOD OF 2YRS OR 10 YRS...(WHAT EVER THEY DEEM AN APPROPRIATE TIME).
5-20-2015 Intel Guru TerryK YOU ALL READY FOR THIS RI? I'M HEARING IRAQ IS GEARING UP FOR A BIG PUSH AGAINST ISIS. SO HERE IS THE QUESTION...HOW CAN THEY AFFORD THAT?
5-20-2015 Newshound/Intel Guru Bluedog "The White House Office of the Press Secretary For Immediate Release May 19, 2015: Notice -- Continuation of the National Emergency with Respect to Iraq. NOTICE: CONTINUATION OF THE NATIONAL EMERGENCY WITH RESPECT TO THE STABILIZATION OF IRAQ. "...the national emergency declared in Executive Order 13303, as modified in scope and relied upon for additional steps taken in Executive Order 13315 of August 28, 2003, Executive Order 13350 of July 29, 2004, Executive Order 13364 of November 29, 2004, Executive Order 13438 of July 17, 2007, and Executive Order 13668 of May 27, 2014, must continue in effect beyond May 22, 2015." ...BARACK OBAMA. ITS ALL GOOD IT PROTECTS A WHOLE LOT OF THINGS FOR ANOTHER YEAR...FOR ONE THING (INVESTORS).
5-20-2015 Intel Guru Mnt Goat ...the RV will have much higher market rates using the market rates once international however the agreed to program rates are not in these new revalued rates coming out shortly. So they must stick to the program rates and won’t increase them until parliament approves a higher rate in the future, if and when they approve it. In short these special welfare like programs will not ever be using the market rate or the currency exchanges in these transactions. Iraq can begin using these cards to payout on these special welfare like programs TOTALLY UNAFFECTED BY THE RV...It does allow continued payment to citizens residing offshore but yet avoids going international with their currency. [post 2 of 2]
5-20-2015 Intel Guru Mnt Goat ...we see the resurfacing of the Mastercard contract with Iraq. I want to tell you this does not put any more pressure on Iraq to RV but is a good sign since it a progression in the plan to see the RV shortly. ...Mastercard had to make some software changes to accommodate Iraq’s special request to use their services for citizens using the cards for payments of...social programs when out of country. Why did they have to do this? Because for these special welfare like programs Iraq will only be paying out certain amounts to the people. [post 1 of 2....stay tuned]
5-20-2015 Newshound Guru Breitling Twice a day I get these emails [You talk about Iraq and you talk about these articles well I've got a friend in Iraq and he says he doesn't see these articles or they are not talking about that…he's in the banking industry.] It's real simple…go to your local bank and ask them where the value of their money comes from…they have no clue. I'm not saying their friend is an idiot but don't ever assume, you're looking for data not someone's opinion, you're looking for numbers, you're looking for fact and sometimes you can ask a friend who will lead you to that and that's fine…but "I have a friend in Iraq and he says that's not what he's reading" What the hell's that supposed to mean? I live in the United States and I'm surrounded by people who have no clue how this all works. Their own currency. The economy. Absolutely clueless. You just need to confirm numbers and then compare.
5-20-2015 Newshound Guru Adam Montana 2. We're still on the verge of major HCL movement. If we get immediate movement on those two things, or a couple of other key items, then we might see pressure on Parliament to break tradition and actually sing some high notes during Ramadan. The timing of everything is key right now. So to answer the rest of your question, YES it is possible to see major activity from Parliament, even during Ramadan. I always said it wasn't likely in the past, but this year could be different, depending on how things go over the next couple weeks. [post 2 of 2]
5-20-2015 Newshound Guru Adam Montana [During Ramadan, does the Iraqi parliament meet at all or is it in recess until the end of Ramadan? If it is in session can they pass any legislation on things like the HCL?. And is it legal for the Bank of Iraq to RV during Ramadan?] ...you aren't the only one that gets confused on their Parliamentary process! I've always said in the past that nothing major happens during Ramadan...and I don't have much reason right now to think that will change, BUT we have a couple of pending things. 1. The US is now moving in favor of adding more support to Iraq with the motive of defeating ISIS. [post 1 of 2....stay tuned]
5-20-2015 Intel/Newshound Guru Poppy3 [Have you heard anything about the dong lately?] THERE HAS BEEN TALK ON THE DONG AT THE WORLD BANK MARKET PROGRAM BUT NO DECISIONS HAVE BEEN DISCUSSED PUBLICLY AND I DOUBT THEY WILL BECAUSE IT IS ALREADY TRADEABLE AND RECOGNIZED GLOBALLY. THE DISCUSSION WAS THE EFFECT THEIR SUDDEN GROWTH IN ECONOMY WITHOUT A RATE CHANGE . WSJ [WALL STREET JOURNAL ?] OF COURSE STATED LAST FALL THEY HAD THE 5TH FASTEST GROWING ECONOMY IN THE WORLD. THEY LIKE IRAQ CAN POP AT ANYTIME. I WILL REPORT ANY NEW NEWS THAT IS CONFIRMED. [do u have any idea what are they sayin bout the rate...?] ALWAYS HEARD THE SAME RATE...FROM 3 CENTS TO A NICKLE.
5-20-2015 Newshound Guru Millionday TODAY [TUESDAY] IS THE DAY THAT THE "IMPORTANT LAWS" WERE TO BE VOTED ON -- THE HCL IS TO BE ON THURSDAY ACCORDING TO REPORTS.
5-20-2015 Newshound Guru Enorrste I will add one more point: the current deficit in Iraq is about 34% of GDP. Our deficit in the US is 101% of GDP. This alone proves that Iraq is not on the verge of bankruptcy. Actually its deficit is about average for developing countries in relation to its GDP. And, the GDP is growing at a rate of 9% per year, meaning that the deficit, as a percentage of GDP, will fall. The US has run for two generations with deficits, and most recently with huge deficits. Most countries run with deficits. What makes Iraq any different? Just because their revenue covered their expenses for the last 8 years doesn't mean that "the sky is falling" because they fall short one, or even two or three years. If Europe and America can run on deficits without a catastrophe, so can Iraq. It is not the end of the world. This is a minor setback only. The bigger issue is the security problem. If and when that gets solved, then the exchange rate regime can be changed and all of this deficit talk will disappear overnight. Let's keep focused on the real problem, namely security. [post 2 of 2]
5-20-2015 Newshound Guru Enorrste Article quote: "Iraq stands now on the brink of a deadly pit is the possibility of a storm economic disaster..." Iraq is not on the verge of bankruptcy. They have issues, but they also have options available to them. The reserves are among the highest in the world in relation to the money supply. The GOI is in control of salaries, and can adjust them downward as necessary. Oil production continues to grow. There are a lot of companies that are seriously looking into investing in Iraq in the short term (I did a google search and found plenty of them). Admittedly, there is no "quick fix." The situation is difficult, but hardly out of control. Iraq is not going to "collapse"...It will weather the storm. Remember, growth last year was at about 9%. Just give these people some time and they will get the situation under control. No panic is called for. [post 1 of 2....stay tuned]
5-19-2015 Newshound Guru Millionday THE CENTRAL BANK GAVE OUT AN ORDER TO THE BANKS...THEY HAVE BEEN ORDERED TO APPLY INTERNATIONAL ACCOUNTING PROCESS. SO WHAT WE HAVE...IS CBI TELLING ALL THE BANKS TO APPLY THE BEST THEY HAVE TO OFFER...SO, THAT THE SCALE CAN BE COMPLETED AND THE ABILITY AUDIT CAN BE COMPLETED. THEY HAVE MANY TRAINED I HAVE BEEN TOLD AS WELL SO THIS IS THE ENDING OF THE BANKING REFORM FOR IRAQ...THAT THEY HAVE WORKED SO HARD ON...AND ITS INTERNATIONAL COMPLIANCE.
5-19-2015 Intel Guru Frank26 Ramadan is a time when Muslim’s sacrifice. To seek monetary gain during that time would be considered sacrilegious. But articles say “this is an age of expectation” I think it’s an age of exception. During Ramadan the Peshmerga army will still continue to fight (which is normally not allowed) because they are fighting to lift the value of their currency. “So Frank you don’t think that they’ll increase their value before June 18th...before Ramadan?” If they don’t do it before Ramadan they (GOI) won’t go anywhere. For the 3rd year in a row now...the GOI didn’t go anywhere during Ramadan. Ramadan is not a target date...EID is more palatable for it. [FYI – the first day of Shawwal, i.e., EID ul-Fitr is July 17th] Senator Kerry knows what’s going on and told Iraq that the USA will do anything... ANYTHING to support Iraq so that Iraq will raise the value of their currency. This thing is coming … be excited about it!
5-19-2015 Intel Guru Frank26 [via FrostyTheSnowman] The lava flow is moving in the right direction. The evidence is abound. About 3 weeks ago, Dr. Abadi came to the USA and asked for help. He needed troops, weapons, (protection for Dr. S) and money for Iraq. The IMF and the World Bank loaned them some money to get through April. They also needed some help to eliminate DAASH. The US Senate gave O [Obama] the permission to send in troops months ago...(not sure why O delayed) but we’re coming. SECURITY, SECURITY, SECURITY of Iraq is what is important. So what is going on in Ramadi? You need to understand...BAD NEWS (especially manufactured news) sells papers and advertising. Ramadi did not fall. It was given to them to gain intelligence. Cities are being secured BEFORE Ramadan! [post 1 of 2....stay tuned]
5-19-2015 Newshound Guru Millionday Article quotes: "Parliamentary Finance Committee announced, Monday, that the central bank in connection with the strengthening of the dinar by printing large local financial currencies." "pointing out that" the past years there was a project to strengthen the dinar and repaired by deleting three zeros from the Iraqi currency but has been postponed." THIS SHOWS THAT THEY ACTUALLY PLANNED ON MOVING FORWARD YEARS AGO OR AT LEAST SOONER. HE DECISION THEY HAVE MADE IS TO MAKE THE DINAR RELATIVE TO THE DOLLAR -- RELATIVE IN MEANING LIKE. I DONT THINK IT IS A COMMENT THAT GIVES THE VALUE -- BUT GIVES THE CITIZEN SOME UNDERSTANDING.
5-19-2015 Intel/Newshound Guru tman23 Back in late January Abadi asked for the citizens to be patient until June...And just less than 20 days ago he announced that starting July Iraq will be able to make all payments in full and on time... If they are going to open the books without zeros starting the second part for the financial semester...JULY...Then they must have a lead way into that event...meaning a time period to initiate. Sure it can happen anytime...just as anything can happen at anytime...But personally I expect the show to begin 6/14. If they open July with 3 zeros accounting...WE ARE ALL WRONG...But I don't see the Kurds and their economy waiting on Baghdad another 6 months. The Kurds just seen Ramadi fall because of lack of response from Baghdad...and Baghdad was warned 2 weeks in advance of what was needed... End of June...END OF THE ROAD!!
5-19-2015 Intel Guru TerryK ...was told this by a source, that iraq needs the funds more now to battle isis, so this maybe a good thing...But i had a breif call today, source told me we cant be any closer to this happening. I tend to agree with source, since the usa is not fighting them, iraq needs to ri the currency to buy more advanced weapons. All sanctions with iran are lifted, just offical announcements need to be made. Miliki to announce ri. [why does he get the honor?] Thats why he is still vp. Just remember who told you all who named the pm position all those years ago. He is still very well connected...Sorry to say.
5-19-2015 Newshound Guru Millionday [in your view, whats the hold up for this thing to pop?] I THINK THEY ARE WORKING ON THE LAST OF THE LAWS TO HAVE EVERYTHING IN PLACE -- I DONT KNOW THE DATE AND DONT KNOW THAT IT IS BEING HELD UP BUT AS [GURU] JOE P SAID YEARS AGO -- MAYBE IT IS RIGHT ON TIME -- THE INVESTMENT LAWS ARE COMING ALONG GREAT AS REPORTED AND THE HCL AND THE FEDERAL COURT ACT AND THE OTHER "IMPORTANT" LAWS ARE TO BE DONE TOMORROW [TUESDAY] -- SO CROSS YOUR FINGERS. [...why would they shelf the National Guard law?] THEY HAD SOME DIFFERENCES BY WHAT I READ IN THE LEADERS AND HAVE COME TO AN AGREEMENT -- IT IS EXPECTED TO BE ON THE AGENDA TOMORROW [TUESDAY] TOO SO WE WILL SEE WHAT COMES OF IT.
5-19-2015 Intel/Newshound Guru Poppy3 [according to bank of america exchange Kuwait rate is $3.82 so if iraq and kuwait share the same oil fields why would they come out less?] ACCORDING TO DR SHABIBI WHEN THEY RV THERE CAN'T BE MUCH DISPARITY BETWEEN THE RATES BECAUSE IT WOULD CAUSE IMBALANCE ON OIL TRADE ON THE OIL FROM THOSE SHARED OIL FIELDS.
5-19-2015 Newshound Guru wmawhite Everything about this is OUTSIDE of Iraq...the revaluation is to other currencies outside of Iraq...Ramadi doesn't affect the IQD outside of Iraq.
5-19-2015 Newshound Guru Enorrste Think about what happened over the weekend. Ramadi falls. ...ISIS is a serious concern. You are mistaken that they control 1/3 of the country. It isn't nearly that large. Still, the loss of Ramadi is significant... Is this a good time for the CBI to MOVE FORWARD or, instead, a good time to buckle down and keep the ship afloat? It really is just that simple, folks. I am not "throwing in the towel." Not at all. There is a process involved here, and it must work its way out. I noted, for instance, that the major "accountant" for ISIS was captured or killed today in Syria. In addition, a number of computers were retrieved as well as cabinets full of documents. ISIS funding will dry up shortly, in my view. Thus, it would not surprise me to see the tide turn, possibly dramatically, in the near future. [post 3 of 3]
5-19-2015 Newshound Guru Enorrste Now we see this "unprecedented" move of lending money to banks...for INVESTMENT purposes. Furthermore, $5 billion in investment will go a long way toward jump starting the small and medium businesses in Iraq. What could be bad about that? Nothing! Who would better know what is needed than the CBI? ...it is important to realize that this is an international event, and a nation that isn't stupid, as some might believe. These people may act differently and on a different time frame than we do, but they aren't stupid. These people not only are seasoned, in most cases, but they also have the backing of the IMF and WB. They don't do things in a vacuum. I also think that it is a good decision, even if unprecedented. They aren't risking the whole pie...They are just trying to jumpstart some needed economic growth. Give this time. That is one thing that Iraq is very good at exploiting. [post 2 of 3....stay tuned]
5-19-2015 Newshound Guru Enorrste Article: "Iraqi Central Bank lends banks $ 5 billion at the request of Parliament" Quote: "Central Bank of Iraq has decided for the first time in its history, opening its vaults, and start lending sector and civil government banks the amount of $ 5 billion." The plan has existed since 2007 and is still intact. Blips have occurred along the way numerous times. Saleh was arrested; Shabibi had to leave the country; Maliki was a serious setback; Turki was a fool. In addition to that, Iraq moves at a snail's pace. HOWEVER, and this is very important, the long view is very solid. The CBI is clearly on record with a GOAL that is consistent with the character of the country. No small "blip" is going to change that, and no single event is going to change the "plan". We saw [some] freak out with the announcement of the introduction of the larger notes (50 and 100k) only to find out that Saleh had talked about it 4 years ago, AS PART OF THE PLAN! [post 1 of 3....stay tuned]
5-19-2015 Newshound Guru Kaperoni Article: "Iraqi Central Bank lends banks $ 5 billion at the request of Parliament" Quote: "Central Bank of Iraq has decided for the first time in its history, opening its vaults, and start lending sector and civil government banks the amount of $ 5 billion." The reality is that the banking sector came to Iraq in hopes of participating in the investment and reconstruction of Iraq. And the GOI, parliament and ISIL have stalled progress to the point that now the banking system is failing. We all knew this...we all saw it. You can only sell dollars at auction for commission for so long...and selling cars out back is not really banking business either. So the CBI is in a predicament...they are going to bail banks out using reserves to save the weak financial system. Certainly not a way to show the world you are ready for investors. Not a good solution any way you look at it. 5-18-2015 Intel Guru DC We are hearing that the rate is basically 86-90 cents. We’ve heard that from different independent sources. One thought is that Iraq has got tired of being clocked and are now saying ‘screw it!’, and another thought is that this is part of a slow rollout. We don’t know the overall plan, we just know that some markets have changed their prices and people are celebrating. Also, there are articles everywhere saying that MasterCard (the smart cards are based on MC) are now international. So people can spend money anywhere they want to, at whatever rate, and also available to retired Iraqis living elsewhere. [post 2 of 2]
5-18-2015 Intel Guru DC [via Adept1] It was a frustrating weekend, and we continue to wait. No change from Friday, really: frustration is high, they are blaming the US. While Ramadi is important, there is nothing that cannot be overcome quite quickly and ISIL is on its way out. Ramadi is...is mostly uninhabited, and...more radical than most parts of Iraq. The town has been physically destroyed by fighting in the last decade. They are already taking the town back; I do believe that ISIL may win a few battles but they have definitely lost the war. They are on the retreat. ...we’re getting unofficial reports...from four different people. [post 1 of 2....stay tuned]
5-18-2015 Newshound Guru wmawhite [Do you think the rate could show on a bank screen before showing on CBI?] No, because any value will first be provided by the CBI. [i would like to know, why usa is so difficult to get real banker to submit info?] If the bankers in the USA told the truth about the IQD they would not have any employees the day after the RV.
5-18-2015 Newshound Guru Millionday [i do not understand who is holding this up?] NOTHING SAYS THERE IS A HOLD UP -- A PLAN THIS SIZE WOULD COME WITH A DATE IMO -- AND WHAT IT IS WOULD BE THE QUESTION -- AND CBI WOULD HAVE THE ANSWER -- I DONT SEE A HOLD UP BUT DO SEE A LOT OF ACTION GOING ON. THEY ARE CONTROLLING THE IQD IN IRAQ AS IT IS PART OF THE INTERNATIONAL EQUATION AND THEY ARE REMOVING AS MUCH AS POSSIBLE OF THE US DOLLAR SO THAT THE SUPPLY OF THE DINAR IS MUCH MORE THAN THE US DOLLAR FOR THE MONETARY POLICY AND ECONOMIC REFORM -- THE RESERVE AND SDR AND INTERNATIONAL ACCOUNTING COMPLIANCE HAS BEEN ORDERED -- BUT THAT IS JUST MY OPINION.
5-18-2015 Intel Guru TNT Tony [via Adept1] Let’s talk about Ramadi a bit more. I want people to understand this because it was all over the news over the weekend. ISIL raised the flag, but things aren’t always what you hear or see. Take it with a grain of salt, and know they are a couple of days behind with the news. There was a meeting on Friday night and they were directed to initiate the international rate. On Saturday, MasterCard is fully international, at the exchange rate of the country where you are using it. On Saturday/Sunday, we found the rate was $22 (USD) to 25 dinar. We talked to government people in various places, and they confirmed that rate. They said, “This is our RV; it’s a go!” They have to start with an official international rate, and then they can publish the real rate. The next 24-36-48 should see something now that it’s so widely known. The MasterCard article has said that they are able to use those cards today, and that means that there must be international trading rates in place. They have set up a new window, and it should be this week...some people are suggesting June, but I don’t think it will take that long.
5-18-2015 Newshound Guru Mountainman The MONETARY REFORM and ALL EVIDENCE is moving Forward! Everything Else contradicting these Facts are Cow Patties IMO. Do people really think that The Globe did not anticipate a Fight to the End of this MR...and then some? Of Course they did...Most of the so called MEDIA doesn't have ALL the facts for a Reason...it's Called Conditioning the Minds of the Masses!!! Remember Tikrit and Kirkuk...Weeks ago same Cow Patties from the same MEDIA...then BAM, Bam, Bam...Technology, Intel on the Ground, BOTG [BOOTS ON THE GROUND]...Now being Noted at "The END"!!! RAMADAN is Coming and this Country will be VICTORIOUS, UNITED, and PROSPEROUS!!!
5-18-2015 Newshound Guru wmawhite [many of the things they are working on hass been going on for years i know this is a huge process but it could still take much more time right?] If it was going to take much more time why continue to push forward with all of the reforms. Why not wait? IMO, the CBI, GOI, Parliament, WB, IMF are pushing because the CBI wants to do this now...IMO.
5-18-2015 Newshound/Intel Guru BGG [I asked why the 250 notes are going for 2800 per mil and the 25k notes are going for 1050 per mil. With the way the 50s were brought in without a rate change, you would logically think the lower notes wouldnt be more valuable, at least not almost 3 times more, than the 25k notes?] supply and demand. Some investors want to buy and hold them for "post-shift"...AKA - RV, Value change, etc, etc. - the dealers know this so they can get a premium right now...which should be a dead giveaway as to where this thing is headed.
5-18-2015 Intel/Newshound Guru Backdoc JUST LIKE EVERYONE WANTING TO GET INTO IRAQ FROM MIDDLE EAST COUNTRIES, WE SEE THE SAME PROCESS OCCURRING IN VIETNAM! WHY? BECAUSE IN BOTH CASES THESE COUNTRIES KNOW WHAT IS COMING AND THE "BING, BAMM, BOOM" THAT IS ABOUT TO HAPPEN IS GOING TO RAISE ALL SHIPS FLOATING IN THOSE TWO REGIONS!! THEREFORE, EVERYONE WANTS IN WHILE THE GETTING IS GOOD!
5-18-2015 Intel Guru Jester THE BEST CONTACTS I HAVE SAY IT WILL BE A BIT OF TIME... AND I HAVE HEARD TIME FRAMES FROM MID SUMMER TO EARLY FALL...THE ONES SAYING SOONER HAVE NOT BEEN RIGHT YET AND THE ONES SAYING LATER HAVE... SO I AM BASING A LARGE PERCENTAGE OF THAT COMMENT ON THAT FACT.
5-18-2015 Newshound Guru wmawhite [It just seems with SO MUCH that is happening, they HAVE TO make the move to take the next step forward.] you are correct...they do. [Just way way way to many agreements have been stated then we have EVER seen in so many years...why all these agreements?] you are correct...remember all of those trade agreements Iraq inked over the past year? Those are the countries that will help in supporting the new value of the IQD. [post 2 of 2]
5-18-2015 Newshound Guru wmawhite ...the CBI has told us that the note count has continued to be reduced. And why reduce the note count? It is like any other commodity on the market...when there is less of something that is needed by the consumer...it becomes more valuable. It is easy to confuse subjects: currency on the street with the eventual increase in the value of the IQD outside of Iraq. ...when we see articles about the currency, amount of currency, with zeros, without zeros...this is about what notes the citizens will have in hand. They are not speaking about the international exchange rate of the IQD. However, those subjects are influenced by the eventual increase in the value of the IQD...for example, how does a IQD notes become more value to a citizen in Baghdad? Not just because someone says it is...instead, by it buying more. And how does that happen? By it becoming more value outside of Iraq...where the Iraqis purchase 90% of their goods. [post 1 of 2....stay tuned]
5-18-2015 Newshound Guru Millionday [What indicator removes the rate that was thrust upon IRAQ.] CBI IS INDEPENDENT AND HAS THE JOB OF RELEASING THE EXCHANGE RATES...CBI SAID WHEN THE TIME IS RIGHT THEY WILL RAISE THE VALUE OF THE DINAR AND RELEASE THE INTERNATIONAL RATES. IT WAS IN A REPORT WHEN THEY STATED WITH THE BANKS THAT THEY WERE READY TO MOVE FORWARD WITH THE MONETARY POLICY AND ECONOMIC REFORM/BANKING REFORM --- IT WAS MONTHS AGO.
5-18-2015 Intel Guru Mnt Goat Some say it will never reach a June timeframe. Really? They are now slowing changing their tune as we get closer to June. NO SECURITY, NO NEEDED LAWS = NO RV! LAWS are needed to fully implement their constitution and Reconciliation Reforms, a full requirement by the USA prior to any RV. SECURITY so investors can flock into Iraq. Remember they are trying to establish a capitalistic democracy and not just a democracy. This capitalistic democracy machine, a combination of democracy and capitalism, takes on a new face as it gets turning and running...once it is moving the cash flows are amazing and all can benefit... The revaluation of their currency is just the aftermath of the process and many want to put the cart before the horse. Can’t be done! So we will just have to wait and watch while all the pieces are in place. Soon the engines will be running and Iraq will begin to run on full throttle. Then they will RV their currency somewhere in this process but we can only try now to predict when. The optimistic side is this is very nearly all done. 5-17-2015 Newshound Guru Millionday Article quote: "Rafidain Bank announced the issuance of a smart card for displaced families in all provinces of the country..." UNDERSTAND THAT THE CARD IS A MASTER CARD WITH ALL OF THE BENEFITS THAT ARE GIVEN GLOBALLY -- IT IS MASTERCARD -- IF YOU LOSE YOUR CARD IN SOME OTHER COUNTRY -- THEY HELP -- IF YOU GET PAID WHILE OUT OF COUNTRY -- IT IS THERE -- THIS IS MASTERCARD --- AND BACKED BY MASTERCARD -- GREAT GREAT NEWS. [So does this mean that the currency of Iraq is going to be internationally recognized? And what about the program rate. What is going to move/lift the program rate?] THE USE OF THE MASTERCARD OUTSIDE OF IRAQ WILL HAVE TO MEAN THAT THEY ARE INTERNATIONALLY RECOGNIZED LOGICALLY -- BUT WE ALSO HAVE AN INTERNATIONAL COMPLIANCE ORDER BY CBI -- SO THIS MAY BE COMING AND NOT HERE YET -- WE WILL WAIT FOR INK AND MAKE NO GUESSES.
5-17-2015 Intel Gurus TNT Tony & DC [via Already Blessed] EVERYTHING IS GREAT...NO BAD NEWS...HANG IN THERE!
5-17-2015 Intel/Newshound Guru Backdoc WHAT I FIND INTERESTING IS THAT IRAQ USED CURRENCY AUCTIONS TO REDUCE ITS' NOTE COUNT BY SELLING DOLLARS AND PULLING IN DINARS. THEY WOULD SIMPLY DESTROY THEM OVER TIME TO REDUCE THE NOTE COUNT. AND NOW WE SEE OZ BEHIND THE CURTAIN USING CONTRACTS FROM COUNTRY TO COUNTRY TO REPAIR THE DINAR BEHIND THE CURTAIN. SOON IT WILL BE RE-INTRODUCED TO ITS' "FORMER GLORY" BUT THE VND HAD TO USE A DIFFERENT STRATEGY. I BELIEVE WHAT THEY DID TO REDUCE THE NOTE COUNT IS EXACTLY WHAT IRAQ IS DOING NOW, USING CONTRACTS! BRILLIANT, RIGHT IN PLAIN SIGHT. WHY ELSE WOULD 80% OF THEIR DEBT BE IN DOLLARS? I THINK AN ASIAN SURPRISE IS IN THE MAKING RIGHT BEFORE OUR EYES! [post 2 of 2]
5-17-2015 Intel/Newshound Guru Backdoc VIETNAM BANKS ARE AMONG THE LARGEST COMPANIES IN THE WORLD IN RESERVES AND POWER. THE BANKS THERE HAVE CAREFULLY SHIFTED 80% OF STATE DEBT INTO DOLLAR DENOMINATED INSTRUMENTS. THIS IS MORE THAN HUGE! THIS IS AMAZING! THEY DID THIS HIDING IN PLAIN SIGHT! JUST RECENTLY VIETCOMBANK BOUGHT1 BILLION IN FOREIGN BONDS IN A DEAL CALLED "CLEVER"! IT APPEARS AS THEY SAY THEY ARE PREPARING THEIR FOREIGN RESERVES IN SUCH A WAY AS TO PROTECT THEM FROM A "SHOCK" FROM THE DONG HAVING A SHARP APPRECIATION. THESE BANKS HAVE BEEN ENCOURAGING FOREIGN INVESTMENT TO BOOST THEIR RESERVES WHILE CONSOLIDATING DEBT IN DOLLARS AND DESTROYING THEIR NOTE COUNT IMO! [post 1 of 2....stay tuned]
5-17-2015 Newshound Guru Enorrste In no way does this threaten our investment, since the change has already taken place. More to the point, the "plan" as we know it is continuing forward in the face of this change from 1166 to 1305. Finally, I do not expect the official rate to change. This is an ameliatorive move on the part of the CBI to temporarily reduce imports and lower the deficit somewhat. The point to be made here, then, is that the introduction of the larger 50000 and 100000 dinar notes will still move ahead, thus reducing the paper in circulation by up to 75%, then the float will be instituted and the dinar value will rise. [post 2 of 2]
5-17-2015 Newshound Guru Enorrste Article quote: "...the central bank has taken several measures to reduce the federal budget for the 2015 deficit, which exceeded the rate of more than 40%, including reducing the dinar exchange rate against the dollar, noting during their talk Agency / JD / that the reduction rate of the dinar against the dollar is a cure, but over because it will raise the rates of inflation and reduces the strength of the local currency, while the dollar swung the price will stabilize at 1300 dinars in the coming period." The article is very clear in that the reduction in the value of the dinar has already occurred, since the rate now...is 1305. The CBI has stated that it will stabilize at 1300, so we may expect them to begin procedures to do just that. [post 1 of 2....stay tuned]
5-17-2015 Newshound Guru tlm724 Article: "The Central Bank revealed higher cash reserve in May and is expected to continue" reserves just keep growing Wink...loving that, now bring on the value to match that wealth!
5-17-2015 Newshound/Intel Guru BGG I don't know that I agree with the Investment Law as directly required for a shift in the value of the IQD... However, I will say - it is HIGHLY likely needed to attract outside investment... which is required to support economic reform and also a key component to support such an increase in value...they all need to happen "roughly" around the same time...hours? days? weeks? IDK - but these issues are related.
5-17-2015 Newshound Guru Millionday Article quote: "Will be launched a smart card in the branches of the Rafidain Bank in the Arab countries and the first batch will be spent during the current month for them ..." SMILE -- CAN YOU TELL WHY THAT IS MY FAVORITE? THEY ARE LAUNCHED BUT IT CAREFULLY DOES NOT SAY ACTIVATED BUT THE BANK SAYS THIS MONTH. [Dinar or American dollar?] THE NATIONAL REGULATIONS THAT WERE SET A LONG TIME AGO WERE THAT THE NATIONAL CURRENCY OF IRAQ IS THE IRAQI DINAR. THEY HAVE NO GOAL TO MAKE THE DEMAND FOR THE US DOLLAR TO RAISE AND HAVE MORE VALUE -- THEY REALLY ARE MOST INTERESTED IN THEIR OWN GAINS AND VALUE.
5-17-2015 Intel/Newshound Guru Backdoc Article: "Vietnam, Russia to finalize currency deal this year" Quote: "Vietnam and Russia look set to complete procedures for firms of the two nations to settle payments in their domestic currencies this year" WOW! NOW THAT'S A SHOT IN THE ARM FOR THE VND CURRENCY VELOCITY. I LIKE THAT PART, "SETTLING PAYMENTS IN THEIR RESPECTIVE CURRENCIES"! WITH A GDP RISING OVER 6%, MOVE OVER ASIA THERE'S A NEW KID IN TOWN AND IF YOUR NOT CAREFUL HE WILL EAT YOUR LUNCH! Article: "Brazil wishes to expand partnership with Vietnam" THERE SEEMS TO BE NO END TO THE COUNTRIES STEPPING UP TO DO BUSINESS WITH THIS NEW ASIAN POWERHOUSE!
5-17-2015 Newshound Guru Millionday Article quotes: "Rafidain Bank announced on Saturday the launch of MasterCard exchange service for the salaries of retirees who are outside the country." THEY HAVE ANNOUNCED THE LAUNCH AND THIS IS FOR OUT OF IRAQ AND WITHIN IRAQ -- TO BE USED IN ATMS. [What about a rate?] THE REPORT TELLS US THAT IF THE PERSON THAT HOLDS THE MASTER CARD GOES TO THE ATM -- THEY WILL RECEIVE THE AMOUNT OF THE COUNTRY THEY ARE IN SO IT WILL BE WHATEVER THE EQUAL AMOUNT IS. [any timeframe yet on activation?] THE BANK HAS STATED THEY HAVE LAUNCHED THE MASTERCARDS SO WHEN THEY ARE ACTIVE HAS NOT BEEN STATED OR IT COULD MEAN THE SAME.
5-17-2015 Intel/Newshound Guru Backdoc IRAQ SPENT HOW MANY YEARS DOING CURRENCY AUCTIONS? MMMM MANY!! AND THE PURPOSE WAS TO DECREASE THE NOTE COUNT RIGHT? RIGHT! SO IF IRAQ WANTED TO INCREASE THE NOTE COUNT AND DESTROY ALL THE WORK THEY HAVE DONE FOR THE PAST NUMBER OF YEARS THEN WHY NOT OPEN THE BUDGET PUBLICLY AND PAY BILLS AT THAT LOWER RATE? BECAUSE IT HAS ALWAYS BEEN THE PLAN TO RESTORE THE DINAR TO ITS' "FORMER GLORY".
5-17-2015 Newshound Guru Kaperoni Article: "Rafidain Bank launches MasterCard service for the disbursement of pensions out of the country" This proves that they do not need to be in Article VIII for international convertibility. The dinar is convertible now. The issue is that the CBI is not IMF Article VIII compliant so any bank or merchant who chooses to do business with them, takes on the potential risk. Clearly the CBI has made an agreement with the card merchant, banks to ensure these transactions are processed.
5-16-2015 Intel/Newshound Guru tman23 ...Barzani, the Kurd Region, the ESX, and the corporate investors on the sideline...NO 3 ZEROS...END OF THE ROAD is quickly approaching... Fasten your seatbelts and prepare for Launch or Impact!
5-16-2015 Newshound Guru wmawhite Currency reform is underway, the Governor of the CBI said so on 3 March 2015...and again a week later. It is happening...but we don't know what it is. When we get four articles about the same subject and each gives a different story or intent, then we are missing something...we are getting translations and the true context/intent is lost.
5-16-2015 Intel/Newshound Guru Poppy3 PLEASE LET ME ADVISE YOU ONE MORE TIME THAT ALL YOUR NEWS MEDIA CONTINUES TO BLOW IRAQ'S ISIS PROBLEM WAY, WAY OUT OF PROPORTION. I JUST GOT A UPDATED REPORT FROM BOOTS ON THE GROUND ADVISER IN IRAQ. HE AND THEY CAN'T BELIEVE THE NEWS TELLING US THAT TOWNS ARE UNDER ISIS CONTROL. HE SAID YES SOME ARE THERE IN DIFFERENT AREAS BUT THEY DO NOT HAVE CONTROL OF ANY CITY OR TOWNS IN IRAQ. HE SAYS SEVERAL GROUPS HAVE ATTEMPTED TO TAKE CONTROL OF DIFFERENT AREAS BUT HAVE BEEN DEFEATED AT EVERY ATTEMPT. ISIS IS NOT HOLD BACK THE RV IN ANY WAY.
5-16-2015 Intel Guru EXOGEN WHAT WE ARE TELLING YOU TODAY IS... DESTABLIZING A COUNTRY AND EXPEDITING A WAR, HELPS PEOPLE WHO FUND WARS MAKE MONEY ON BOTH SIDES. WHY DO YOU THINK THE USA IS EXPEDITING MORE WEAPONS TO IRAQ RIGHT NOW TODAY. THERE IS AN ENTITY THAT DOES NOT WANT STABILITY IN IRAQ FOR THE RI/RV TO TAKE PLACE. HOW CAN AN RI OR RV EVEN BE POSSIBLY IMMEDIATELY WHEN YOU NOW HAVE ISIS RAISING FLAGS ON TOP OF BUILDINGS IN IRAQ RIGHT NOW TODAY?
5-16-2015 Intel Guru Delta I LIKE TO REMIND YOU OF THE ARICLE THAT CAME OUT ON 12/10/14: "the Rafidain Bank in Dhi confirmed that the introduction of ATM depends on the zeros out currency" THEY ARE READY NOW!!!
5-16-2015 Intel/Newshound Guru Poppy3 ...AS POPPY3 HAS SAID MANY TIMES AND CHRISTINE LAGUARD HERSELF ANNOUNCED THERE IS NO MORE...NEVER HAS BEEN ANY SUCH THING AS A PLAN CALLED GCR...GLOBAL CURRENCY RESET. ANYONE TELLS YOU ANY REASON FOR DELAY FOR THE RV BECAUSE THE GCR ISNT READY HAS ZERO INFORMATION WORTHY OF YOU WASTING YOUR TIME TO LISTEN TO. NEXT...ANOTHER MYTH THAT THE PRICE OF OIL DROPPING STOPPED THE RV...THEY HAVE KNOWN THE PRICE WOULD FALL WHEN THEY WENT BACK GLOBAL WITH THEIR OIL. PROVEN FACT BECAUSE THE MARKET WILL BE FLOODED PRICE ALWAYS FALLS. PLUS REMEMBER WHEN THEIR RATE WAS $3.22 BEFORE THE WAR...OIL WAS ONLY $31.00 A BARREL...HALF WHAT IT IS TODAY....OUR MONEY IS COMING...GET YOURSELF PREPARED.
5-16-2015 Newshound Guru wmawhite [HOW CAN THE CBI ADVANCE WITH THE DINAR? ISIS HAS TAKEN OVER ANOTHER MAJOR CITY?] Let me ask...is the re pricing of the IQD inside of Iraq or is it outside of Iraq...it is internationally...not in Mosul, not in Ramadi...outside. This is an international financial electronic event. ...some of you do not understand what the purpose is for a country to increase or decrease its international value of its currency. It has so little to do with what is happening on its streets. Instead, it gets a country greater leverage when buying or selling outside its borders. IMO the re pricing of the IQD will take place long before the flood gates open to the world of investors. The IQD will have a new value before they arrive...
5-16-2015 Newshound Guru Breitling Let's talk about the 50k and the 100K note. Here's the reality…this was talked about 3 or 4 years ago so much. Back in those days they hadn't started getting rid of the notes out of the market yet. So if they came out with a 50K note that would have meant they were ADDING note to the market and it wasn't going to revalue if they added those note but NOW they are getting rid of the notes. What is different now? The articles are saying they are being used in conjunction to reduce the note count itself. They are reducing the note count but the pace is completely different. Will it put a ceiling on what you and I can make? Yes it will…what is that ceiling? I don't know. [Post 2 of 2]
5-16-2015 Newshound Guru wmawhite "the Ministry of Transport awarded approve the creation of a single airport, is the Middle Euphrates Airport". It should be noted that the Middle Euphrates Airport needs $ 450 million to start is the infrastructure for it." This is where the Investment side of the budget comes into play...this is where the new value of the IQD is important. There is not enough IQD in the solar system to pay for the this airport...at 1166
Read more: http://www.dinarguru.com/#ixzz3bd1Xl3PA
5-15-2015 Newshound Guru Mailman17 THE CBI CLEARLY STATED TO ALL BANKS UNDER THEM...ALL BANKS, THAT WHEN PEOPLE CAME IN TO EXCHANGE, THAT THEY ARE INSTRUCTED TO TELL THEM TO OPEN ACCOUNTS DEPENDING ON HOW MUCH THEY BROUGHT IN AND TO GIVE THEM WALKING AROUND MONEY IF NEEDED...MY GUESS AT A 1-1 WOULD BE 1000 DINAR AND UNDER. THE 3 ZEROED NOTES ALSO PLAY INTO THAT SCENARIO AS WELL, BUT WITH VERY LITTLE ON THE STREETS. CANT BE SURE WHAT SET OF BOOKS YOU WANT TO GO BY REGARDING IRAQS M2 AS THEY HAVE BEEN CAUGHT WITH 2 SETS IN THE PAST, BUT I SEE THEIR M2 MANAGEABLE AFTER A 1-1. WITH NOTE COUNT SEVERED DRASTICALLY, AS Q-CARDS AND DEBIT CARDS WILL FALL INTO PLACE. THIS IS ALL PART OF THE MONETARY REFORM. NOW, IMO..IF THEY DO NOT CHANGE THE RATE BY THE TIME THEY OPEN THE ISX TO TRADING AND THE BONDS BEING SOLD, YOU WILL SEE A DELAY IN THOSE 2 ENTITIES AS IT WILL KILL IRAQ TO OPEN EITHER ONE AT 1166...AS ALWAYS...JMO.
5-15-2015 Intel Guru DC [via Adept1] It was suggested this happen Wednesday night and then last night. Iraq has everything ready, prepped and trained for this...in the mosques they are saying this is seriously happening. Iraq is ready to go through, frustration is high, and they are blaming the US for this not going through. They...would like to choose the least disruptive time to do this, which means after markets close at the weekend. Rates were showing and...Screens went black last night because they are reloading the rates. Some have confirmed this and send out memos saying they are ready any time. Some banks have called in tellers, wealth managers and security. Everyone is moving forward.
5-15-2015 Newshound Guru Kaperoni Article: "Parliamentary Finance: Print new monetary categories in preparation for the deletion of zeros from currency" Quote: "the new denominations to be printed will be of category 50 100 thousand Iraqi dinars." Until it happens and its discussed on TV for the citizens I question it. Even though it might reduce the physical paper, it makes little sense. If citizens don't use banks and keep dinar in their mattresses, all that will happen is they will trade a few 25k notes for these new 50k and back to the mattress they go. The end result will be even bigger problems once they start to raise the value. IMO, the best solution is to reduce the paper and the money supply through the liberalization of the foreign exchange...Once they have the majority of the 3 zero notes off the street, they can switch exchange regimes and start to raise the dinar. Simple and effective.
5-15-2015 Newshound Guru Millionday I WANT TO GO OVER WHERE WE ARE BY WHAT WE HAVE SEEN: THE VISIT TO IRAN SHOULD BE COMPLETE WHICH MEAN THE RECONCILIATION CONFERENCE -- TUESDAY SHOULD SHOW US THE FEDERAL COURT ACT -- THE INVESTMENT LAW IS REFERRED TO AS DONE AND BEING APPLIED -- WE HAVE THE HCL AT MINISTERS AND MAY BE ALREADY MOVED TO LAW COMPLETION -- THE AMENDMENTS ARE DONE -- THEY ARE READY TO ENTER THE GLOBE AND AT ANYTIME THEY WILL BE MOVING FORWARD TO PAY FOR SO MUCH THAT HAS TAKEN PLACE.
5-15-2015 Intel Guru TNT Tony [via Adept1] So Iraq is all ready to go. They are not holding this up because they are telling their people that they are ready to go and ‘this weekend is your weekend’. Parliament did meet, but the laws they passed are for their country, NOT about the economic reform. They have completed the economic reform and now the US is holding them back. They are saying this to their people now. So we wait. Yesterday, bankers called people and scheduled people to do their exchange. They brought people in saying they would do this last night. They worked through the night, the rates came in, went away, came back in and went away again. They came in this morning and there were no rates. Everyone is geared up to do this but it still hasn’t happened yet. There is a time they want to do this and we have to wait for that time.
5-15-2015 Newshound Guru Breitling There is NO reason for them [Iraq] to take notes off the market if Iraq doesn't think it's at a pace themselves. They are taking away notes from their economy. It points to only 1 direction…There is NO reason to do it if they don't think the economy is going to make a leap forward eventually and that's the pace and that's how you know. So what are the numbers you should be watching? The currency of the country is going to give you the clue. Iraq is taking notes from the market…that is an indicator. They are going to add value…it's that simple. [Post 1 of 2 Stay tuned]
5-15-2015 Newshound Guru Mailman17 WHEN IRAQ FIRST INTRODUCED THE NEW NOTES BACK IN 2003 THEY HAD 3 CATEGORIES OF COINS. 25, 50 AND 100. IF MEMORY SERVES ME THEY HAD A MAJOR THEFT OF THE 50, AND CUT THAT COIN PERIOD, OUT OF EXISTENCE, AND NOT MENTIONED IN THE LIST OF ACTUAL CURRENCY EITHER IN CIRCULATION OR NOT. LEAVING THE 25 AND 100 ON THE BOOKS BUT NOT IN CIRCULATION. BUT...THE MONEY ALLOCATED TO BACK THOSE 3 COINS AND THEIR VALUE... REPEAT...AND THEIR VALUE...WAS LEFT INTACT. DO NOT CONFUSE THE 50 DINAR COIN AND THE 50 DINAR NOTE. THEIR FUNDING IN THE M2 WAS SEPARATE. WITH THE INTRODUCTION OF THE SMALLS...1,5,10,MAYBE A 20 AND FILS...THE ONLY BACKING NEEDED IS FOR THE 20 AND DOWN...NOT EVEN PUTTING A DENT IN THE M2. WITH FUNDS ALREADY ALLOCATED FOR THE 3 NON CIRCULATED COINS, THEY WOULD HAVE NO PROBLEM EXCHANGING THAT VALUE FOR THE LITTLE 250 AND 500 STILL ON THE STREET...USABLE DAILY CURRENCY...ENTER THE 1-1.
5-15-2015 Intel/Newshound Guru tman23 The FED COURT LAW was #1 on the KURD LIST that was the agreement to participate in the government... The Kurds walked away last week after Shia got "bitter" and the dispute began... Then Jabouri said he was going to lift the 19th Parliament session to the 25th...where they would vote on the investment law... The Kurds meeting in the Kurd Parliament said the Fed Act Law would not be able to be passed during this year Parliament session because of differences... IF IF IF They vote on this on the 19th and pass the Fed Law... Speculate that Barzani has rattled the cages hard...And he is bringing in investments and liquidity to Kurdistan...And with all that being said...He is not opening the Kurd market to foreign investment with 3 zeros... If that FED LAW IS PASSED...WOW!!! Their is MOTIVATION for SOMETHING BIG!
5-15-2015 Intel Guru Delta Article: "Formation of a committee to issue coins of the two categories of 50 and 100 dinars pave the way for the abolition of zeros" Quote: "the central bank governor and the committee is studying the matter and study aspects and safe compared with other currencies in preparation for the start of release." He pointed out that "there is a procedure to remove three zeroes as it has to be the presence of large groups of currencies to replace the 50 000 coin category of 50 dinars for example." ANOTHER ONE TO MAKE IT CLEAR!
5-15-2015 Newshound Guru wmawhite ...the changes to the IQD have been put in place by the CBI. It has never floated anywhere. Also, if you were the CBI would you turn the future of your country (it's currency) over to the world of investors and float your currency? Or would you instill confidence in the investors by telling the world that your currency is worth such and such and back it up with your reserves?
5-15-2015 Newshound Guru Millionday Article quote: "The head of the Kurdistan Regional Government Nechirvan Barzani, Iraq, on Thursday, the Federal Government to abide by the agreements concluded between the government and the province." KURDISTAN AND IRAQ HAS REACHED AN AGREEMENT AND THEY HAVE COMPLETED THE MEETING AND AGREEMENT -- NO MORE ISSUES...THEY ARE IN AGREEMENT AND IT IS BINDING -- I FEEL THIS WILL RESOLVE THE OIL AGREEMENT BETWEEN BAGHDAD AND KURDISTAN...THIS IS MOVING VERY FAST... 5-14-2015 Newshound Guru Mailman17 I AM NOT ASSOCIATED WITH [guru] DELTA [reference Guru Delta's post 5-12-2015] BUT I WILL REFERENCE HIS LAST POST...THEY CLEARLY ARE COMING OUT WITH A 50 AND 100 DINAR NOTE. NOW, IF YOU VISIT THE CBI WEBSITE, THEY STILL LIST THE 50 AND 100 DINAR COIN O=VALID BUT IT IS IT IS UNCIRCULATED. NOT IN USE...BUT THE FUNDING FOR THOSE COINS ARE. THE INTRO OF THESE NOTES IN NO WAY EFFECT THE M2 IN ANY WAY SHAPE OR FORM. THE MONEY IS ALREADY ALLOCATED FOR THESE NEW BILLS. AND WITH THAT, THEY CAN THEN TAKE THE 250 AND SO ON (WHATS LEFT) OUT OF PLAY. THAT IN ITSELF WILL REDUCE THE NOTE COUNT AND VALUE WILL EXCHANGE VALUE. AND WE ALREADY KNOW THE 3 ZEROED NOTES HAVE BEEN ACCOUNTED FOR AS IN IRAQ PULLING THEM IN FOR THE LAST 3 - 5 YEARS...LITTLE BY LITTLE. OUR DINAR IS ACCOUNTED FOR IN THIS MESS...ALWAYS HAS BEEN, BUT NOW INSIDE IRAQ IS AS WELL. THAT IS WHAT THIS MR [MONETARY REFORM] WAS ALL ABOUT. WAIT FOR THE RATE...ITS COMING. AND AGAIN I WILL REFERNECE THEY WILL NOT LET BONDS COME OUT AT 1166...TICK TOCK...JMO [reference Guru Delta's post 5-12-2015]
5-14-2015 Intel/Newshound Guru tman23 WHOOP...There it IS!!! "Saleh added that the Central Bank is also working on re-issue coins to the absence of these categories at the moment." They Have 25 and 100 denom coins that have not been in circulation...HERE THEY COME! The one statement that sticks: The "new currency" must come first as a prelude to the deletion of the zeros from the currency. The Deputy Governor (Mr. Zuhair Ali Akbar) of the CBI had a paper released a year or 2 ago on nothing but COINS. The CBI has been sitting on COINS in denoms of 25 and 100 and never released into circulation. WHY MINT THESE COINS? They at 1166 have no value. We can only suspect that they were part of a plan that is now coming to fruition.
5-14-2015 Newshound Guru Breitling …this is when you want to invest. Look at it like…things are CHEAPER…HELLO, garage sale time! It's time to get in. If it goes below that…guess what I can go in and buy even cheaper…this sounds very survival of the fittest and I don't mean it to be this way but but it's just like the stock market. It's just numbers going up and down. What we are looking for with Iraq is that it will eventually get to a certain rate and it will stabilize and then get to another certain rate and stabilize and then get to another certain rate and then stabilize and it won't go below those rates very much and it will keep going up. Do I see that? Absolutely. [Post 3 of 3]
5-14-2015 Newshound/Intel Guru TopShelf Everyone knows that Iraq wants to go international and the IQD is ultimately INTENDED for the Iraqi citizens to use. But it will also be used as a RESERVE / SUPPORT currency. Iraq’s books show what a dinar is and how many they have. Iraq citizens want purchasing power and a currency that is deserving of its true value. Dr. Shabibi knows … (everybody knows) when it’s time for the Iraqi’s to use the IQD they will abandon the USD like wildfire! Iraq is paying a lot of people...the spreadsheet has value. Iraq needs to pay a lot of people (contractors and citizens). This will become a WIN-WIN for all! The evidence is there. Iraq is paying a lot of people...from country to country...from central bank to central bank. Hang-on...it’s coming! Iraq does not want to wait until the last minute...with a goal before Ramadan. Understand this...Iraq couldn’t start this...(paying people) unless they knew that they could finish it.
5-14-2015 Intel Guru DC [via Already Blessed] EVERYTHING IS STILL AWESOME AND WE BELIEVE THIS CAN HAPPEN AT ANYTIME...THIS PROCESS CAN NOT BE STOPPED...ONLY ACTIONS...BUT THIS PROCESS IS HAPPENING.
5-14-2015 Newshound Guru Breitling It doesn't matter what country, what region or whatever…the note count is a MASSIVE indicator. Note count is the ticket to understanding a country's agenda. Do I have confidence in the Iraqi Dinar? Absolutely. Do I have confidence that their economy will come back or their ISX stock exchange is going to be put on NASDAQ so I can really make some money off of it? Absolutely I do. Can things get worse because of the proxy war? Absolutely. If it does get worse do I think the dinar will add value…do I think ISX on NASDAQ? do I think the index will be filled? Absolutely I do. Here's the point… [Post 2 of 3 Stay tuned for the conclusion of the story]
5-14-2015 Intel/Newshound Guru Poppy3 DINAR...IS STILL THE BEST INVESTMENT IN MY LIFETIME OF 68 YEARS...NO QUESTIONS OR DOUBTS ON ITS VALIDITY AS THE BEST OF A LIFETIME INVESTMENT. ...THATS MY OPINION ONLY...NEVER THOUGHT IT WOULD TAKE THIS LONG...11 YEARS ago when i started but still hasnt ever stopped my confidence how great it is.
5-14-2015 Newshound Guru wmawhite ...if an investor can not find a reason to be positive today about this...then he/she never will. The articles today have never before laid out the process as to what the plan is as they have today. Keep in mind...whether you agree with the news about the notes or not...it is quite evident that there is major movement underway with the monetary reform within Iraq. I am of the opinion, based upon people much smarter than I ...that this process has started back prior to to March 2015. Therefore, we are on our way. [post 2 of 2]
5-14-2015 Newshound Guru wmawhite [I recall hearing some time ago that when it got close they would be throwing out all kinds of mis info and it seems like that's all we're getting lately.] ...there is no reason for "mis-information". think about it...what we are hearing now is about the currency the citizens will have. The CBI/GOI/Parliament will need the citizens to be well informed with correct info in advance of it. None of this is mis-information and it is NOT about the yet to come international exchange rate. If this was mis-information it would be like an airline that needs to get their flights boarded and off on time telling the passengers to go to the wrong boarding area. [post 1 of 2....stay tuned]
5-14-2015 Newshound Guru Mailman17 PLEASE BE AWARE THAT WE HAVE ALWAYS KNOWN FROM DAY ONE THAT MISINFORMATION WOULD BE AT ITS HIGHEST LEVEL AT THE END OF THIS RIDE. LOOK AT THE WHOLE PICTURE AND JUST NOT A CORNER. ART 8 WILL REQUIRE AT LEAST A 1-1...AND A FLOAT JUST OPENS UP THE FLOODGATES FOR THE BIG SHARKS TO TAKE ADVANTAGE OF NOT ONLY THE DINAR AS A CURRENCY BUT THE ISX AND THE BONDS. THESE BONDS WILL NOT GO AT 1166, AND NEITHER WILL THE CURRENCY OR STOCKS. SECURITY IS A MUST, THAT I AGREE, BUT I ALSO THINK THEY ARE FARTHER ALONG WITH THAT INCLUDING MOSUL THAN THE MEDIA PUTS IN PRINT AND ABADI HAS ALSO STATED ISIS WILL NOT STOP THE MR [MONETARY REFORM]...JMHO [post 3 of 3]
5-14-2015 Newshound Guru Breitling Everyone is wondering about the 50K note and what's going on…There are articles out there talking about 50K notes, in fact I just got another one this morning…not only that but they're thinking about coming out with a 100K note. So at 50K you're looking at a completely different pace. That's an indicator. Are they reducing the note count? YES they are. If they come out with a 100K note are they reducing the note count? YES they are. But their agenda and how they are going to let the value come out and the pace is completely different and that is why you have to watch this stuff and understand the note count. [Post 1 of 3 stay tuned for the rest of the story]
5-14-2015 Newshound Guru Mailman17 I TAKE THE 50,000 AND 100,000 THEORY WITH A GRAIN OF SALT CONSIDERING MOST OF THE JIBBERISH REGARDING THEM COMES FROM NOBODYS IN SOME COMMITTEE OR A STRAY MP WHOS OPINIONS MEAN NOTHING. AS FAR AS NOTE COUNT, IT HAS ALREADY BEEN STATED IN THE PAST THAT THE LOWER DENOMS IN PLAY RIGHT NOW ARE FAR AND FEW APART WITH MOST IRAQS USING TAPED ONES TO PURCHASE ANYTHING. IRAQ WILL NOT TELL THEIR PLAN IN ADVANCE AS TO THE RATE INCREASE, AND A FLOAT IS NOT AN OPTION DUE TO NO LOWER BILLS INTRODUCED TO COVER IT. THEY MUST COME OUT STRONG AT LEAST AT A 1-1 TO COVER THE VALUE OF THE NEW 1,5,10 ECT. AND MAKE THEM USE THE DINAR IN THE MARKETPLACE. A 50 THOUSAND AND HUNDRED THOUSAND WILL NOT DO THAT. [post 2 of 3....stay tuned]
5-14-2015 Newshound Guru Mailman17 FOR A 50 DINAR NOTE SUPPOSEDLY NOT IN SERVICE AS OF MAY 1ST, YOU WOULD THINK THE CBI WOULD UPDATE THEIR WEBSITE REGARDING SUCH A BOLD MOVE IN MONETARY POLICY. THE MANY FORUMS ON THIS INVESTMENT HAVE BOOTS INSIDE IRAQ YET NO ONE CAN PROVIDE A PICTURE OF THE NEW 50 SUPPOSEDLY REPLACING THE OLD ONE. THE OLD 50 IS STILL AN ACTIVE NOTE ACCORDING TO THE CBI WEBSITE. A 50,000 LET ALONE A 100,000 NOTE INTRODUCED AT 1166 DOES IRAQIS NO GOOD AT ALL, ESPECIALLY IF THEY WERE INTENDED TO DRAW IN THE REMAINING 250, 500, 1000 ECT. AT 1166 THAT WOULD MEAN YOU COULDNT BUY ANYTHING LESS THAN FORTY SOME ODD BUCKS UP TO 80 BUCKS PLUS, UNLESS YOU USE U.S. DOLLARS WHICH WE KNOW THEY ARE TRYING NOT TO DO. FLOATING THE PRICE AGAIN DOES NO GOOD IF YOU DONT HAVE SMALLER DENOMS IN PLAY SO... [post 1 of 3....stay tuned]
5-14-2015 Newshound Guru Millionday Article quote: "Abdul-Razzaq al-Saadi, that the stock market will rise in the next month, influenced by news of Iraq for a loan from the World Bank as well as...The improvement in the financial situation of the country. He said al-Saadi's (IMN) that "the entry of the 13 private company traded on the Iraq Stock Exchange, trading rates will live." THE FINANCIAL SITUATION OF THE COUNTRY WILL IMPROVE AND ALSO -- THE ENTRY OF 13 PRIVATE COMPANIES WILL BE TRADED AND RATES WILL BE LIVE -- HOW MUCH CLEARER CAN IT BE. THE WORLD BANK IS READY TO HELP IRAQ MOVE FORWARD FINANCIALLY...
5-14-2015 Intel/Newshound Guru Poppy3 all news INDICATING THE CHANGE IN VALUE CAN CHANGE AT ANYTIME AND THIS HAS BEEN TRUE FOR THE LAST FEW WEEKS. SOURCES HERE AND THERE ALL AGREE THIS PROCESS IS IN FULL AHEAD MOTION WITH NO ONE THINGS HOLDING THEM UP. ALL NEEDED FOR THE NEW RATE IS ALREADY COMPLETED... ALL THEY NEED IS IMPLEMENTATION AND MUCH OF THEM WILL OCCUR TOGETHER. I DO KNOW SOME FURTHER BANKING CHANGES ARE BEING MADE THIS WEEK BUT HEARD THEY ARE NOT CHANGES THAT THE NEW RATE WOULD BE HELD UP FOR. TIME WILL TELL BUT I AM VERY RELAXED WITH ALL NEWS BEING IN OUR FAVOR.
5-14-2015 Newshound Guru Enorrste I believe that the case has been presented now that both a 50000 note and a 100000 note will be issued with the specific purpose of reducing the amount of paper in circulation. Neither note will change the money supply or cause inflation. They won't be "given out" but instead will be "exchanged" evenly for an equal amount of smaller denominated bills. Those bills will be destroyed, thus reducing the paper from 4 billion pieces to 1.8 billion pieces. Only AFTER that process is complete will the CBI allow the float to begin, in my view (or at least after a good amount of the paper is destroyed). Then the dinar will begin to rise in value and, as it does, the new 100000 and then 50000 notes will be the first to disappear. They will, then, live a short but effective life in preparation for the "remove the 3 zeros" project to come to fruition. In my view, assuming the notes come out shortly, we should see the beginning of the rise in the value of the dinar later this year.
5-13-2015 Newshound Guru Millionday [So is ISX going to feed into Nasdaq or stay independent?] ISX WILL REMAIN BUT NOW THEY HAVE A SECONDARY MARKET THAT WILL ALLOW INVESTORS TO INVEST IN THROUGH BROKERS OR NASDAQ AND OTHER PRIMARY MARKET BROKERAGES -- THIS IS AN EXPANSION ON THEIR CAPABILITIES AND ALSO THEIR REVENUES FOR THE COUNTRY OF IRAQ AND THE PUBLICALLY LISTED COMPANIES
5-13-2015 Intel Guru DC [via Adept1] Bottom line – it’s been stopped again once or maybe twice, but it’s back on again as we speak. East to West, Iraq is continuing to prepare, and they are ready to go. They have everything ready and waiting for when the US will say Yes. They have a holiday that starts today. It would have been nice to have the RV before, and it would still be nice to have it during a slow time. In the USA, they have asked for it to be delayed twice in the last 50 hours, with the intent to let it go through. They have agreed to another quick timeline. That is based on internal agendas of the US administration. Bank screens have been up and down, with a lot of trading last night. That was another attempt to go forward. It was a pause, not a stop, as we understand it. Banks are ready, have called folks in both times and done all their work and are doing it again as we speak. [What are the current rates?] Dinar = $4.67 , zim = 19 cents , rupiah = 1.18/1.19 , dong = $2.27; those are the international rates. I hope the US will allow this to go through very soon.
5-13-2015 Intel/Newshound Guru tman23 Funny when people say nothing happening... Iraq all talk no action! Fact is they are fighting for their mere existance as a country... They are fighting for a democracy and met with internal and external resistance... The appearance of the World Bank, the IMF, the UST, an announcement of application for Credit Rating... The appearance of Shabibi at the financial table...the announcement of a "new currency" the announcement that the new currency must come first as a prelude to lifting the 3 zeros... the announcement of pulling the existing 50 from circulation... the announcement that the new currency is ready for implementation... NA....Nothing going on...So turn the channel to another page for the comedy act...evidently some seek entertainment and not facts...
5-13-2015 Intel Guru TNT Tony [via Adept1] Today is Wednesday, May 13, 2015. We are here once again, but I am comfortable in telling you we won’t be here much longer. They did initiate the process last night and bonds were traded. Iraq has an A rating for the currency, and they could not have that without an international currency. A lot of people knew it was supposed to go between 2 - 5 am this morning. The process did start and was stopped before it could complete. The US stopped it; we don’t know the exact reason, but it’s been resolved and they will try again. It is scheduled already to go again and we’ll see if it makes it through this time. They say they will let it go through, and this morning the numbers were changing in the system. Everyone is very excited from yesterday morning, and we were waiting all day. Banks called in people and they have already rescheduled those people. We are really, really close...
5-13-2015 Newshound Guru Adam Montana [...from the current progress and in your honest opinion, do you think they can have the HCL before Ramadan (from mid-June till mid-July)?] Can they? Absolutely. Will they? Possibly.
5-13-2015 Newshound Guru My Ladies THE 50 DINAR NOTES THEY CANCELLED FROM CIRCULATION FOR GOOD ALLOWED THEM TO BE ABLE TO DISTRIBUTE THE 50K WITH OUT INCREASING NOTE COUNT. IT IS JUST IN MY THOUGHT PROCESS BUT I THINK IF THEY DECIDE TO DISTRIBUTE THE 100K THAT THEY HAVE THEY WILL DO THAT AFTER PULLING IN THE 250 NOTE. SO WE JUST WAIT AND WE WATCH WHAT HAPPENS. IN ANY EVENT THIS WILL NOT AFFECT US AND THE NOTES WE HAVE. THIS IS A GOOD THING AND AS THEY HAVE SAID A NECESSARY STEP IN THE MONETARY REFORM AND THEN LATER WILL BE INSTRUMENTAL IN THE CURRENCY REFORM. GIVE IRAQ SOME CREDIT PLEASE EVERYTHING THEY DO IS DELIBERATE AND VERY WELL THOUGHT OUT. THIS 50K MOVE IS GENIUS...I SAY [GURU] BONDLADY WONDERFUL JOB EXPLAINING THINGS, THANK YOU. [post 2 of 2]
5-13-2015 Newshound Guru My Ladies I WOULD LIKE TO COMMENT TO [GURU] BONDLADY PLEASE, YOUR ANALYSIS IS DEAD ON AND THEY HAVE TOLD JUST WHAT YOU EXPLAINED. [reference BondLady post 5-13-2015 below] HERE IS JUST ONE CURRENT PIECE OF THE MANY TIMES THE CBI TOLD US WHAT THEIR INTENTIONS WERE. IT IS NOT A MISPRINT, IT IS NOT MAKE BELIEVE IT IS ACTUALLY OCCURRING AND IT IS NOT SCARY IN FACT IT’S GENIUS. THIS IS ALL PART OF THE MONETARY REFORM AND IT IS A GOOD THING. THIS IS ACTUALLY BRILLIANT ON THE CENTRAL BANKS PART. IRAQ HAS ACCOMPLISHED SEVERAL THINGS WITH THIS 50K NOTE, THEY ARE INCREASING MONEY SUPPLY WITH OUT INCREASING NOTE COUNT. THEY ARE CURBING INFLATION. AS IRAQ GROWS THEY ARE GOING HAVE TO INCREASE MONEY SUPPLY WHICH THEY ARE DOING NOW. THE SAME NOTES WILL SERVE AS THE LOWER NOTES WHEN THEY REMOVE THE ZEROS FROM IT DURING THEIR CURRENCY REFORM. [post 1 of 2....stay tuned]
5-13-2015 Newshound Guru Bondlady All of these things contribute to raising to the rate on notes we hold. Like I said above a slow grow, this is like owning stock in a company and as the company grows so does the value of your stocks! It is also my opinion that they are doing this to make them stop using the dollar. They would carry less notes with the 50k. One of the reasons they used dollars anyways and that also to me would cause the rate increase on the dinar... less dollars more dinar....and reason enough to do it. It looks more and more to me like no straight up RV but steady growth like it's been but on a quicker scale than before because they pull in a huge amount of notes lower than the 25 and 50k. [post 2 of 2]
5-13-2015 Newshound Guru Bondlady I feel like if they bring out the 50 k note it will give them time to drag in a lot more 250, 500, 1000, 5 and 10k notes, letting them use the 25k and 50k abundantly, all the while pulling in massive amounts of the smaller than the 25k notes. Since they already released the new 25 k notes...which should cause the rate to increase over time as they take in all these other notes...as they withdraw the notes ...less in circulation ...rates increase imo. Just like its done throughout the years all the while the tariffs and other fee's charged by the state and all the new contracts as well and pumping more oil now than Saddam ever did...to me this all increases the exchange rate. [post 1 of 2....stay tuned]
5-13-2015 Newshound Guru Adam Montana I don't have any secret intel today. (If I did, I couldn't share it anyway!). It occurs to me that people tend to get hung up on the small details a lot of the time, and they forget to look at the big picture. The money that comes from oil is mind-boggling. They don't have to live by our "logical" terms, and they won't do business or maintain their money on our terms either! The potential for Iraq to soar far beyond anything we can currently imagine is astounding. The potential for wealth simply by putting their feet down and announcing to the world "OUR CURRENCY IS NOW 100X STRONGER" is real... I'm in for the long haul on this one, my friends. I don't expect an RV of $15 ...but you can bet...I'm sticking around long enough to see a good profit on my little gamble here. I'll see you at the finish line, and hopefully not too far from now.
5-13-2015 Intel Guru TD Further comments from my Kurdish friend (treat all as rumor and please due your own sound diligence). I wrote of plans of a new 50k note late last year and it will soon come to fruition, I'm told within 60 days. There was even plans later drafted of a 100k note which was only on the drawing board which have been scratched (at least for 3-6 months). The economic committee, CBI and Abadi's folks are all on the same page and the unanimous decision has been made to delay the "deletion of the zeros" ( or LOP) for the remainder of 2015. Cited of course is the "unstable economic conditions of the country" but it goes much further than that and there is again serious considerations on whether or not a 3 state federation between the Kurds, the Shiites and The Sunnis is yet the best possible alternative for the future of a land once known as Iraq. Until a political solution can be reached all else is on hold. Currency reform for 2015 is now a DEFINITE DOA!!
5-13-2015 Intel Guru Frank26 Dr. S [Shabibi] wants all of his banks secured. Every one of them. The insurgents that are still left in Mosul...blew up one of the major bridges...because they know they are about to be wiped out. IMO – ISIS is about to get their butts spanked! ...I want to say...all of this is being done before Ramadan. [Guru] TopShelf...mentioned the date...before the 17th. They are all working together...GOICBI..DC...IMF...WB..etc.
5-13-2015 Newshound/Intel Guru TopShelf This is going to hit the market...this is the moment...but we don’t know the exact date. If you have the calculations... you can figure out a rate...(now that could also change). It can change. The rate is DRIVEN by demand. They have a minimum bid amount on these bonds...based on the last ones that I know of [area code 371] – but it could be different than that. They are showing you that the vehicle is ready to move...it can move...not just behind the scenes...but domestically and internationally with any broker or bank that is set up to do business. [post 2 of 2]
5-13-2015 Newshound/Intel Guru TopShelf [via FrostyTheSnowman] Don’t worry if you don’t get this...After the 17th...it won’t matter if you don’t get it anymore. ...we now have an AREA CODE of 393...finally showing in the spreadsheet...on ISX! Those that are in the financial world...whether it’s the primary...secondary...and understand the markets and what they’re doing with BONDS...you’ll understand what I’m saying. Today, people will see changes...but they won’t release the rate until they’re ready...but what it means is they are set up to be sold INTERNATIONALLY...not just DOMESTIC...but at an international rate! Without this...it’s like owning a Ferrari without tires and rims. [pointless]. We all knew that ISX would be the vehicle to move these [bonds]...but they didn’t want to show you the nice shiny rims and the low-profile tires because they kept it “low profile”. [post 1 of 2....stay tuned]
5-13-2015 Newshound Guru Millionday IT OBVIOUSLY SEEMS TO POINT TO THE HUGE GUESS THAT INTERNATIONAL ACCEPTANCE WOULD BE NEEDED IN ORDER FOR THIS TO BE SUCCESSFUL OR AT LEAST AS SUCCESSFUL AS THEY HOPE IT TO BE IN THE REGION AND THE GLOBE. Article quotes: "the stock market will rise in the next month, influenced by news of Iraq for a loan from the World Bank..." "the entry of the 13 private company traded on the Iraq Stock Exchange, trading rates will live." THE STOCK MARKET WILL RISE IN THE NEXT MONTH AND ALSO RATES WILL LIVE -- MEANING IMO -- WHOOOPOW. [doesn't Iraq have to have a tradable currency for all this financial activity?] THAT IS CERTAINLY THE EXPECTATION AS IT WOULD NOT BE POSSIBLE TO TRADE WITHOUT EXCHANGEABLE CURRENCY. [post 2 of 2]
5-13-2015 Newshound Guru Millionday THIS IS FROM THE ISX SITE...THE REASON THIS IS INTERESTING IS THE MOST IMPORTANT WE HAVE SEEN DURING THE ENTIRE INVESTMENT. MARKET PERFORMANCE NOW HAS TWO SELECTIONS AVAILABLE ::: PRIMARY MARKET AND SECONDARY MARKET...SECONDARY MARKET IS NEW AS OF TODAY [TUESDAY]. DEFINITION of 'Secondary Market': "A market where investors purchase securities or assets from other investors, rather than from issuing companies themselves. The national exchanges - such as the New York Stock Exchange and the NASDAQ are secondary markets." THE SECONDARY MARKET IS NOT ONLY NEW YORK STOCK EXCHANGE WHICH ALLOWS NEW YORK INVESTORS TO INVEST IN THE ISX BUT IT IS ALSO THE NASDAQ MARKET WHICH OF COURSE IS THE CURRENCY MARKET. THE REASON THIS EXCITES ME...IS THAT IRAQ HAS BEEN ORDERED TO DO THE INTERNATIONAL EQUATION... [post 1 of 2....stay tuned] 5-12-2015 Newshound Guru Enorrste In order to remove the large notes the value of the dinar must rise to a place that makes this possible. This implies that the new smaller dinar notes (1 to 200 dinar) will be produced and distributed as the value in the dinar rises. We do not know the specific timing of this process but we do know that Saleh has said that the “remove the three zeros” could take from 2 to 4 years to be fully accomplished. We also know that the “green light” has been given to initiate this process, but we do not know the specifics of the timing. We do know, however, that the actual removal cannot take place until the value reaches a level to make it necessary to remove the large notes (somewhere around a penny per dinar, or even slightly less than that). In any case, we can safely state that the raising of the dinar must precede the removal of the large notes, although it will surely continue upward until they are all gone (presumably at least to $.50 per dinar, when the 500 dinar note would be worth $250). The CBI is on record that the goal is $3.50 per dinar, stated in 2008...
5-12-2015 Newshound Guru Aggiedad77 Article: "Three factors will raise trading Iraq Stock Exchange" The ISX is expected to rise over the next month...do you wonder why...three things appear to be heading in the direction of a positive impact for the exchange...first a loan from the World Bank, secondly, reassurance by the government regarding employee salaries being safe, and third, the entry of 13 private companies in the stock exchange...and I predict a fourth reason that is mentioned here in undertones as well...that of security...security that has not been seen within Iraq since the June 10th 2014 DAASH attacks upon Mosul...security is improving all across Iraq.
5-12-2015 Intel Guru Frank26 [...maybe they will make the 50,000 and 100,000 notes so that the banks can pay each other.] NO, NO, NO! The 50k and 100k notes...there is no such thing...and will NOT be replaced with anything.
5-12-2015 Newshound Guru wmawhite ...there is only one way a piece of currency can buy more...and that is when the price of goods decrease...and how does that happen? When the value of that currency increases in the world market place...and in our case...the IQD outside of Iraq. 90% of the goods inside of Iraq are bought outside and imported. The only way those goods will decrease in cost is by the IQD increasing in value outside of Iraq. Remember, the iraqi citizen has in his hand a 1,000 IQD note and 5 minutes later the IQD revalues (outside of Iraq), that Iraq citizen's 1,000 IQD note is STILL 1,000 IQD. [what does your brain tell you when we will see a reval?] My brain tells when this is happening and I am very happy with that...unfortunately my brain didn't come with a timer...lol.
5-12-2015 Newshound Guru Millionday THEY ARE HAVING THE RECONCILIATION CONFERENCE AND HAVE SENT FUNDS TO THE BANKS SO I DONT KNOW WHAT THE HOLD UP WOULD BE --- THEY ARE FINISHING THE IMPORTANT LAWS...SO THE SITUATION IS VERY ENCOURAGING...THE TIMING IS PLANNED AND WE DONT KNOW WHAT IT IS -- SO WE WAIT -- OBVIOUSLY LOTS OF PROGRESS HAS BEEN DONE -- WITHOUT A DOUBT FROM WHERE WE WERE.
5-12-2015 Intel Guru EXOGEN 1. IS NEW THE GLOBAL SWIFT SYSTEM CIRCUMVENT ACTIVATED? THE ANSWER IS 100% NO. THE SYSTEM IS 100% COMPLETED BUT IT IS NOT ACTIVATED. WE KNOW I.T. PEOPLE WHO HELPED BUILD IT. 2. IS RUSSIA PRESSING CHINA TO EXPEDITE FULL GLOBAL ACTIVATION PRIOR TO JULY? THE ANSWER IS 100% YES. 3. WILL THERE BE AN RI OR RV TODAY? THE ANSWER IS 100% NO. 4. IS THE HCL IN IRAQ AGREED UPON 100% YES. IS THE HCL IN IRAQ ACTIVATED, IMPLEMENTED AND EXECUTED? -100% NO.
5-12-2015 Newshound Guru Aggiedad77 How do you spell "money"...if you are in Iraq...L.I.Q.U.I.D.I.T.Y...maybe this bond thing has already taken affect, We see evidence of things being paid that just a few days ago would have probably been swept under the rug....not oil companies being paid...but they are....not debt being paid...but it is....BUT payments being made to citizens.....the very heart of Iraq its citizens...who have for so long been neglected... Article: "25 000 dinars per citizen instead of ration is received" 25k notes being issued to citizens for rations that have not been distributed in the past year....this amount will be distributed within the next 10 days they claim ...when you consider all the millions of people in Iraq and see each one being given a 25k note....that has to be coming from somewhere and I can assure it is not Maliki's pocket.
5-12-2015 Intel/Newshound Guru tman23 Parliament needs to pass the investment law...then we should see an immediate response of sorts from the CBI... following the World Bank payment for purchase of Iraq Bonds... And the World Bank is not going to buy Bonds at 1166 or $1 usd... And then Iraq raise their currency value... This is one scene where the horse will definately be before the cart.
5-12-2015 Intel Guru Delta It is impossible for Iraq to introduce a 50,000 or 100,000 dinar note! If they did...no one would buy their bonds! Everyone is waiting for the rate. The window of opportunity we are studying is before Ramadan - June 17th. Iraq must be in Article 8. We know they have a holiday coming up on Wed/Thursday. In my opinion...nothing will happen this week...due to the holiday (I hope that I’m wrong)...then starting next Sunday we should start hearing something. We are very, very close. [post 3 of 3]
5-12-2015 Intel Guru Delta ...let’s talk about the 50,000 and the 100,000 dinars. Iraq CANNOT come out with a 50,000 or 100,000 dinar note! ...they would have to have an inflation rate of 30 to 40%. You don’t do that when your inflation rate is like 1 or 2 percent. Why would you spend the money to produce a 50,000 dinar note when you already have the same thing with just two 25,000 dinar notes? The plan is to print 50, 100 and 200 dinar notes and introduce them to the market...but before they do that the rate has to change first! The 50 dinar note after the revaluation will be worth around $43. The new 50 dinar note and the 25k notes will coexist for a while. So they will come up with a 50 dinar note after they revalue (.85) after they drop the 3 zeros. [post 2 of 3....stay tuned]
5-12-2015 Intel Guru Delta I’m so excited...a lot of good news! They must have a credit rating to sell the bonds. Standard and Poors...one of the requirements to get a credit rating is that your currency MUST be international...That is a fact. ...re-read what I brought in...one of the points about getting a credit rating is they must have an International currency – which is Article 8. They must come up with a rate that is agreeable with the IMF (not 1166) – something that is agreeable for everybody. Iraq is having a BIG, BIG problem with liquidity...they have no cash in hand and they need to sell those bonds ASAP! [post 1 of 3....stay tuned]
5-12-2015 Intel Guru Frank26 Do you know anyone who is going to buy BONDS at the 1166 rate? (No!) ...these BONDS are about to go up in value from 1166 up to 1 to 1 (like the USD) but they’re going to go past the American Dollar over time probably within the next 5 years for sure. That’s why the DOMESTIC and INTERNATIONAL BONDS must be sold in IQD because they are going to go up in value. The value will only continue to go up... 1, 2 or 3 times its value in 1 or 2 years or overnight...It depends on the whales and the sharks. It depends on the international investors coming into Iraq. It depends on the people outside that are willing to buy these bonds. The World Bank has a huge delegation over there right now. I think it for the final touches for the introduction of the new rate. They got a new credit rating. They got the bonds set up. And all of this BEFORE Ramadan? (Yea...before Ramadan). [post 2 of 2]
5-12-2015 Intel Guru Frank26 [via FrostyTheSnowman] Going forward with the monetary reform, the budget, the salaries, the private sector...everything that is in line. First of all we need an credit update...a credit rating for the banking systems in Iraq. Did Iraq get it? YES! ...it is one of the first steps REQUIRED in order for a country to establish its own BONDS. Here’s the key...these BONDS are about ready to be released. The “GREEN-LIGHT” was not just to remove the 3 zeros...it was given to do the monetary reform process...basically to COMPLETE ARTICLE 8! The green light allowed them to do what they are doing finding ways that they can FULFILL their budget and explode the private sector, economy, bring in INTERNATIONAL trade. This is VERY BIG! There are TWO types of BONDS: 1- DOMESTIC BOND 2- INTERNATIONAL BOND (yeah!). These are not being sold in USD but IQD’s! [post 1 of 2....stay tuned]
5-12-2015 Intel/Newshound Guru tman23 if the CBI releases a 50,000 note that has those 3 zeros to the street... it is not a good thing...there is no way to spin it as being positive...and those who buy into the spin of it being positive are in denial. WE will have to wait and see what the CBI releases...A 50 note with a solid block to the edge of the note after the #50 keeps us in the game ...a 50,000 note that has the 3 zeros on the note is not good. ...we make payments electronic... On the receipt does it say 20 note in 50k 10 notes in 25k...etc. NOPE...and if a bank for internal pay receives cash they need it for liquidity to use in daily transactions... I'm not buying into use for internal banking.
5-12-2015 Newshound Guru Enorrste The number of pieces of paper, on the other hand, is a cumbersome problem that they simply WANT to correct prior to initiating the float...doing so will allow a larger bill with better security to come into play and will bring in millions of smaller notes than can be destroyed PRIOR to the intiation of the float. The result is that the float may well be announced shortly after the introduction of the 50k notes because they can destroy the smaller 3 zero notes that are turned in. Then, as the value of the dinar rises, even more 3 zero notes can be destroyed to lower the overall money supply, as they wish. [post 2 of 2]
5-12-2015 Newshound Guru Enorrste [...why is the CBI more concerned with reducing the number on notes rather the amount of curency in the market.] The CBI has stated two things: first, that the money in circulation is well supported by the reserves on hand, making the current dinar one of the strongest currencies in the world (in terms of backing); and second, that as the value of the dinar is allowed to rise the 3 zero notes will be gradually withdrawn until the money supply falls from its current 38 trillion dinars to about 25 billion dinars. At that time the dinar will STILL be the strongest in the world because they have $67 billion in reserves, or nearly 275% coverage of their money at $1 per dinar. Therefore, to answer your question, the "amount of currency" in terms of its current value, is not a problem and won't be as they destroy the large notes with the rise in the value of the dinar. [post 1 of 2....stay tuned] 5-11-2015 Newshound Guru Millionday THE REASON THE NEWS IS REPORTED ABOUT THE GOVERNMENT IS THAT THIS IS A REFORM PACKAGE -- THE INVESTMENT LAWS AND THE CUSTOMS AND ALL THE NEEDS TO MAKE A MARKET ECONOMY SUCCESSFUL OR EVEN DOABLE -- THE GOVERNMENT HAS TO BE OBVIOUSLY INVOLVED. THE CBI HAS THE INDEPENDENCE TO USE TOOLS TO CONTROL THE COUNTRY`S INFLATION AND ECONOMIC HEALTH AS THEY MONITOR IT -- THE LAWS IN PLACE FOR IRAQ OBVIOUSLY ARE FOR THE MARKET AND ECONOMY RULES -- SO TO NOT INCLUDE THE GOV WOULD LEAD TO A THIRD OF THE PICTURE. TO NOT REPORT ON THE GOVERNMENT AND LAWS WOULD BE LEAVING THOSE THAT ARE INVESTED IN THE DARK -- AS THE LAWS FOR IRAQ AS WITH ALL COUNTRIES DUE TO GLOBAL ECONOMICS ARE A HUGE PART OF THE ALLOWANCE IN THAT COUNTRY.
5-11-2015 Intel Guru DC [via Adept1] We talk to the people actively trying to carry this out. They are not waiting, they didn’t make all the calls they made in the middle of the night to bankers and presidents so that they could do this in late June. A lot of the laws are very important, and yes, they need to support HCL, the National Guard, some loan stuff that has to get done. Abadi has said that there will be no holidays until these laws are passed. That’s good leadership but it’s not related to the RV. Many seem to be confusing the HCL royalty issues with the RV. That is a different issue – the government will pay onto people cards, and they need the RV and the oil revenues in hand to do that. They need the taxes coming in to pay out the various welfare programs. So until the RV happens, those other things will not go forward.
5-11-2015 Intel/Newshound Guru tman23 The 2015 Budget was passed and posted in the Gazette...In that Budget it was agreed and passed that the Kurd region would receive 17% ...So if Baghdad sold 3 million barrels per day and revenue at 4.5 billion per month...17% is 765 million usd payment... The Kurds pumping 500,000 barrels per day come up with would make the same figure of around 750 million per month...The Kurds have an economy that could explode into being the financial hub of the middle east... They have an ESX that has been waiting for one year to open listing companies yet part of the delay is not wanting to deal with the 3 zero accounting... Abadi asked for citizens to be patient until June...Abadi announced that come July Iraq will be able to make all payments on time... SO...Why the pressure from the Kurds at this time with only a few weeks to go to live up to promises made? ...the Kurds are moving forward...The question is will the CBI...because if the CBI does not...then I expect the Kurds to be doing business in USD come July.
5-11-2015 Intel Guru TNT Tony [via Adept1] We are astonished this didn’t go through this weekend. People in Iraq and elsewhere thought it would go through on Friday or Saturday. Saturday they were asked NOT to do it over the weekend – but they have always wanted us to do this at the weekend. The banks were told a flood of people would come through their doors on Monday morning. We’re being told this week and we are still in a great spot, but I can’t tell you for sure by Friday. There is NOTHING we know of that must be accomplished for the RV to happen. The rates are still live, and the bankers are still in the banks, ready to go. Right now, what we know, and those we are talking to...are telling us to get ready and don’t be 30 minutes from home. That kind of statement tells us that they are not waiting until June.
5-11-2015 Newshound Guru Enorrste ...the printing of the 50K note is not designed to solve any economic problems. It is a revenue neutral event, an even exchange. It has nothing to do with solving the fiscal problems...the solution to the fiscal crisis in Iraq is to go ahead and float the currency. A rising value of the dinar would solve innumerable problems. Imports would become cheaper (90% of the goods in Iraq are imported), Jobs would bring in more money to the GOI. Of course oil is denominated in dollars, so that would change. But as the dinar rises in value everything else becomes cheaper. So, my question is: what's the hold up?
5-11-2015 Newshound Guru Millionday Article quote: "The president of the Republic of Fuad Masum, on Sunday, will include a meeting of the three presidencies and the President of the Federal Court to discuss national reconciliation which will be after his return from Iran." SUNDAY IS WHEN THEY PLAN TO HAVE THE NATIONAL RECONCILIATION CONFERENCE FOR IRAQ ...THIS IS HUGE FOR IRAQ...THIS IS GREAT FOR THE UNITED STATES AND THEY ARE VERY HAPPY TO SEE IRAQ MOVE FORWARD.
5-11-2015 Intel/Newshound Guru Backdoc “We are committed to the convention, but Baghdad has not adhered to the agreement so far and we hope to abide by it,” noting that, “If Baghdad wishes to deal with the region as an oil consumer, we do not mind, but it must conclude a new agreement.” TO CONCLUDE THE NEW AGREEMENT WE NEED TO SEE A RATE TO IMPLEMENT HCL!
5-11-2015 Intel Guru Mnt Goat I am not saying it is going to RV in June or July. I am not setting a date but I am saying Iraq needed to address demands made by the USA prior to any RV. I am now seeing these demands being met and addressed. I am seeing the much needed laws passed and the implementation for them funded. I see just too much lining up for mid to late summer timeframe 2015 which makes me think that something is about to happen with their economy, something major. I also can see that something is holding and what holding it back now for months. This “something” is out of Iraq’s hands. [post 2 of 2]
5-11-2015 Intel Guru Mnt Goat Some say it will never reach a June timeframe. Really? No Security, No needed laws, No RV! Now also Iraq has thrown in a curve ball and told us they also need the new 50,000 notes (holding off on the 100,000 for now) as part of the liquidity issue solution. So now we also have an economic element in the mix. They intend to begin issuing these new notes to the bank in a couple months...there’s that June/July timeframe again. Today’s news is full of confirmations that yet again we are on the right track for an early summer timeframe for something dramatic in Iraq to happen. It will effect their economy and have long standing consequences for their security efforts. Maybe a very good timeframe to the see the RV? [post 1 of 2....stay tuned]
5-11-2015 Newshound/Intel Guru Top Shelf [Are all these articles still lining up with the original articles stating that the 50 note will be worth the current 50,000? It seams like they are saying that they are printing the 3 zero notes.] IT IS A PLAY ON WORDS...50 IQD = .043 USD 5/10/2015. WHEN THEY SPEAK OF A 50 THOUSAND NOTE IT IS LIKE THIS - 50,000. NOW THEY CAN BE CONFUSED OR MISS LEADING FOR A REASON, IF THEY CAME OUT WITH A NEW NOTE OF 50 DINARS IT WOULD REVEAL TOO MUCH, SO THEY SAY THEY WILL HAVE A 50,000...THEY CAN CLAIM WHAT THEY WANT, WHAT REALLY GETS RELEASED WILL BE 50 IQD. THEY THEMSELVES HAVE TROUBLE UNDERSTANDING LIFT THE THREE ZEROS. WHICH IS DONE TO KEEP MANY FROM KNOWING WHAT DIRECTION THEY WILL GO. THE SS (Spread Sheet) SHOWS OTHERWISE, REMEMBER SS IS UP TO DATE AND IT DOESNT SHOW ANYTHING LIKE THAT WITH BIG NOTE COUNTS.
5-11-2015 Newshound Guru Millionday "The governor of the Central Bank announced before the economic and investment commission in the House of Representatives that the bank in the process of printing new securities category of 50 thousand dinars to enhance the efficiency of the payments system." [it worries many here about the larger denoms when it should be going to lower denoms dont you think?] IT SHOULDNT -- MANY COUNTRIES HAVE LARGE DENOMS IN THEIR SERIES AND THEY ARE NOT FOR DAILY USE BUT AS IRAQ HAS EXPLAINED FOR STRATEGIC REASONS THAT THEY DID NOT EXPLAIN ANY FURTHER -- SO IT DOESNT WORRY ME AT ALL. LOTS OF THINGS WE HAVE BEEN WAITING ON COMING AROUND THE CORNER...
5-11-2015 Intel/Newshound Guru Backdoc ASSUMING A RE-INSTATEMENT IS ACHIEVED IN THE NEAR TERM I BELIEVE SOMETHING ADDITIONAL MAY HAPPEN POSITIVE TO THE KUWATI DINAR AND THE IRAQI DINAR AROUND THAT TIME! THE DONG MAY FOLLOW IN THEIR FOOTSTEPS AS WELL.
5-10-2015 Intel Guru DELTA WHEN THEY SAID THAT THEY WILL ISSUE LARGE CASH CATEGORIES THEY ARE TALKING HERE ABOUT A SMALL NOTE WITH HIGH PURCHASING POWER!!! THEY ARE TELLING US THAT THIS IS AN IMPORTANT STEP ON THE ROAD TO MONETARY REFORM!!! ...THEY WILL COME OUT WITH A NEW 50 = $.43...IT'S VERY CLEAR THAT IRAQ CAN'T COME OUT WITH 50000 NOTE!!!
5-10-2015 Newshound Guru Millionday [the 3s was referred by the article...about wanting to bring the currency back to the 80's to what it was?] THAT IS WHAT IT WAS IN THE 80`S AND IT WAS A LONG TIME AGO WHEN SALEH STATED THAT WAS THE PLAN -- BUT OH BOY HOW GREAT WOULD THAT BE... IT IS IN THE HISTORY --- BUT WHO KNOWS IF THE CHANGES IN OIL ETC. HAS CHANGED THE PLAN HE WAS REFERRING TO...BUT THE HIGHEST IN THE REGION HAS ALSO BEEN BROUGHT UP MORE THAN ONCE SO -- ALL VERY EXCITING TO SAY THE LEAST... WE DONT KNOW THE RATE BUT THEY HAVE BROUGHT UP SOMETHINGS THAT LEAD ANYONE TO BELIEVE THAT THEY HAVE HUGE PLANS FOR IRAQ IN THE REGION.
5-10-2015 Newshound Guru Enorrste The introduction of the 50000 note will make it possible within a couple of months to remove a large number of the 25000 notes and probably almost all of the 5000 notes. ...25000 notes constitute the vast majority of the overall currency in circulation, so their removal will cut in half the pieces of paper in circulation. Add to that the 5000 dinar notes and, presumably, some of the other 3 zero paper, and we will be well along toward achieving the reduction that the CBI wants in the amount of paper on the street. I could see this happening within the next 90 to 120 days, which would put us into the early fall. At that time I would "hope" to see the announcement of the change in the exchange rate regime...only time will tell... [post 3 of 3]
5-10-2015 Newshound Guru Enorrste I remain generally optimistic. I cannot discount the reality of the ISIS threat to Iraq's security. At the same time, however, I am emboldened by statements that have come out indicating that the head of the CBI has given the "green light" on the "project." For me, this latter comment must take precedence over the more general "security situation" discussion by others in the government who are not "in charge" of the implementation itself. Therefore, I finally fall on the side of the argument that says that there really is only a perception of delay due to our American way of seeing things rather than that the plan itself has been put on hold or that a "towel has been thrown in" for the time being. I see no direct evidence of that and will stick with the CBI director's statement about the "green light" until I see direct evidence to the contrary from him or from the CBI. [post 2 of 3....stay tuned]
5-10-2015 Newshound Guru Enorrste My personal view is that the exchange rate regime must be the first element in the overall project. Obviously you cannot remove the large notes until the value has risen to make them too valuable to remain on the streets, and the change of the exchange rate regime is the method to get the value to begin rising. So I believe that I am on solid ground in saying that the change in the exchange rate regime is "next up" with respect to the "project" implementation. ...I see entry into Article 8 and the passing of some of the laws as secondary to the actual change in the exchange rate regime. Clearly moving to Article 8 must come after the exchange rate regime change and the passing of the laws could occur either before or after the change in the regime. [post 1 of 3....stay tuned] 5-9-2015 Newshound Guru Millionday [is there any time frame for this to go down?] THEY ARE BEING PUSHED TO GET IT ALL DONE IN A HURRY -- THEY WERE WITHOUT HOLIDAY AND TOLD TO GET IT FINISHED BUT I HAVE NOT SEEN A COMMENT ON DAYS OR EXACT TIME FRAME --- IT APPEARS WITH SO MUCH HAPPENING NEXT MONTH -- THEY MUST BE UNDER THE GUN TO GET IT DONE HOWEVER.
5-9-2015 Newshound/Intel Guru BGG [I still can't understand why there's a 50k new dinar note.] there isn't - it's going to be a 50 Dinar note with the "value of" a 50k note.
5-9-2015 Newshound Guru wmawhite For those of you that are looking for an announcement of the RI/RV or think that there is a button to push, we may have already been informed of a pending change in the value of the IQD the same way the citizens have been informed. And what do I speak of? It is this 50 and 100 note announcement that the Governor of the CBI made two weeks ago. Yes,…50 note of like value. This is Iraq way of telling their citizens that change coming [in?] MAY.
5-9-2015 Intel/Newshound Guru Poppy3 ...THE MAIN PEOPLE THAT ARE ACTUALLY THE DECISION MAKERS ARE ALL STILL SAYING THEY ARE GETTING IT ALL DONE THIS MONTH AND I HAVE TO ADMIT THEY HAVE BEEN STICKING TO THEIR WORDS LATELY SO I AM STILL PRETTY PUMPED ABOUT THIS MONTH. LOTS OF RUMORS AND VERY FEW FACTS FLYING AROUND THIS WEEK BUT THE MAIN PEOPLE ARE STATING GOOD STUFF. TIME WILL TELL.
5-9-2015 Intel Guru Jester IT IS A VERY COMPLEX AND COMPLICATED SCENARIO WHICH ALL I CAN DO IT TELL YOU IS MOVING ALONG... AND THERE ARE TWO TIMELINES... THE US IS THE DECIDER OF THAT PATH.... AND WE ARE NOT IN THE KNOW ABOUT IT. THE US CONTINUES TO PLAY THE GAME... SO ALL WE CAN DO IS WAIT AND SEE WHAT THE OUTCOME IS...
5-9-2015 Intel Guru Ocrush The 1.5% world bank loan that will be distributed in July to Iraq is based on a credit rating of A! It's the length of time that was given to them (35 years) that gives them that rating and not lower! The theory is that Iraq has to have a strong currency to have a credit rating of any kind, much less an A. SO, connecting the dots! RV = A rating = above loan IN JULY! SO, an RV before then.
5-9-2015 Intel Guru TNT Tony Everything has been going through the system since yesterday. Other countries have the rates, and I don’t know how much longer this can be hidden from the world. I don’t know how they are going to hide it after Friday morning, especially Friday through Sunday. That gives you a time frame. The actual event you were waiting for took place last month. From that day, the slow rollout process has been underway. We are not calling it for today, tomorrow or the next day, but we are very, very close. It’s all good news. We are waiting for the witching hour.
5-9-2015 Newshound/Intel Guru Randy Koonce The CBI did say that they were going to drop the zeros from the bills in the month of may. OK dropping the zeros... as some say it changes the value of the bill... but it has nothing to do with rate. So DRopping Zeros to Iraq and to the CBI, and this is coming from Shabibi directly, is that he wants to get the large bills off the streets of Iraq and that is it. So for the Guru who believes it is coming out Low around 10 cents and floating up they need to learn to read a budget... and the last two budgets would implode at a 10 cent rate... and Iraq learned from Kuwait about the float, and that damaged kuwait because of materials they would try and get in... Obama has still not allowed Iraq to change the rate at the bank. Iraq has screamed at our president to let their money out.. and so far to no avail. BE SMART...JUST RELAX and breathe. Every large bank will exchange. We are close...just check the CBI...every day to see if it has changed. [post 2 of 2] [You can see the current CBI Iraqi Dinar Rate in the Dinar Guru Resource Bar on the left of this page.]
5-9-2015 Newshound/Intel Guru Randy Koonce DO NOT LISTEN to the stuff calling for any in country anything...This is just an RV. What does that mean...That means that Dr Shabibi will go to a computer and change the number on the CBI computer to a number that has a 3 digit decimal and when that happens it will take about 2 min to go across the globe...That is it...nothing more... no global restructuring. We are in the same spot since Jan. 1st of this year...If you check the CBI.IQ and there is still 1166 they could turn in money, but they are not cashing in anything. DO YOU KNOW THAT THE IRAQIS DO NOT CASH IN. THEY JUST GO AND PUT IT IN THE BANK AND GET A SMALLER BILL... THE DINAR TO THEM STILL HAS THE SAME VALUE. 25000 DINAR AFTER THE RV IS STILL 25000 DINAR...NOTHING CHANGED... THAT BILL NOW BUYS MORE... THEY DO NOT CASH A BILL IN AND GET US DOLLARS...WE DO THAT. THERE IS NO GLOBAL CHANGE THAT WILL TAKE PLACE AFTER THE RV-- JUST COUNTRIES THAT HAVE DINAR NOW CAN USE THE DINAR ON THEIR BALANCE SHEET... [post 1 of 2....stay tuned]
5-9-2015 Intel Guru DC Everything looks phenomenally good and we hope to see a conclusion really quickly. There are celebrations going on, but it is not throughout the entire country and there has not been a formal announcement...we hear that 350,000 cards are not yet able to use their cards yet. However we know they will get their cards activated. Everyone is prepared for the next few days. CBI has sent out notifications world-wide with another minor change in rates, pushing them up a tad. The USA… the banks started yesterday to update their rates and reloaded yesterday evening...the banks have had meetings about this going through. Some have sent out notifications letting their people know we will be exchanging currency. Everyone expects this will happen soon.
5-9-2015 Newshound Guru Enorrste In addition, the IMF and World Bank have praised the CBI on numerous occasions with their efforts to get back into the "real" world, even though, admittedly, even the IMF is a little frustrated at the pace of change. However, even that can largely be thrown at the feet of Maliki who stuck his man in the CBI, thereby bringing to a halt for nearly 4 years a plan that otherwise would have been implemented by now. Therefore, I have confidence that the CBI is on track. They deeply desire to have "consensus" in their actions, which is probably the cause for some of the delays from our point of view. That may just be the Iraqi way of doing things. But what is clear to me is that they are plugging along in the same direction, and this article is particularly pointed toward their goal. [post 2 of 2]
5-9-2015 Newshound Guru Enorrste Article quote: "Parliamentary sources and others close to the Iraqi Central Bank, said that a government committee concluded that a competent decision new cash paper currency printing of fifty thousand dinars category ($ 42), in light of the challenges facing the Iraqi dinar and the strength of local and global market." [it is hard to assume the CBI is doing anything right when we both have watched since late 2012 as they failed miserably with sustaining a market rate within the 2% spread.] It is true that the spread has changed, but that was due to Parliament sticking its nose in the CBI's business, not an error on the part of the CBI itself. More importantly, though, the actual offical rate has remained the same for as long as I have been in this investment, in spite of a rising money supply, ISIS, and lower oil prices. [post 1 of 2....stay tuned]
5-8-2015 Newshound Guru wmawhite [Is HCL done?] the Vice President of the United States of America...Biden...said the agreement was completed...IMO, now it is a matter of implementing the numerous pieces of the agreement
5-8-2015 Intel/Newshound Guru Poppy3 PARLIMENT HAVE BEEN ORDERED TO STAY IN SESSION UNTIL WORK IS COMPLETE ON FINANCIAL REFORM . THEY HAVE BEEN WORKING THROUGH RELIGIOUS HOLIDAY'S SINCE LAST AUGUST. I WOULDN'T WORRY ABOUT CUSTOMARY BREAKS SOME REPORTER THINKS WILL TAKE PLACE. ABADI WANTS AND NEEDS THE GOI TO HAVE RV AS BAD AS WE DO RELAX HE IS A WORKAHOLIC AND I SUSPECT REWARDS VERY SOON.
5-8-2015 Newshound Guru Millionday Article quote: "The World Bank seeks to help Iraq in its current crisis, which caused big losses to him, hoping that the bank provides loans that will be of great financial and economic interest....the loan would help Iraq to cross its financial crisis this year and the next two years that can be played by and recover a record time...the launch of this loan by next July..." HUGE INFO -- THE WORLD BANK IS PLANNING ON HELPING FOR THE NEXT TWO YEARS AS IRAQ CROSSES THE FINANCIAL CRISIS OFF THE LIST AND RECOVERS IN WHAT THEY REFER TO AS RECORD TIME -- SO THEY ARE EXPECTED TO HAVE ACCESS IN JULY AND OBVIOUSLY FOR RECONSTRUCTION AND TO BRING IN MUCH NEEDED SERVICES AS AREAS ARE MADE SAFE AND NOT A WASTE OF INVESTMENT BECAUSE OF TERORISM OF COURSE. SOUNDS LIKE IRAQ IS BEING SEEN AS THE BIGGEST OF THE BIGGEST BY THE MOST INFLUENTIAL -- CANT BEAT THAT! I HAVE TO SAY -- WHOOOPOW.
5-8-2015 Newshound Guru wmawhite [since Parliament didnt do much today...and supposedly not having another session till the 19th.. any comment?] I have never believed this event is tied to Parliament's actions or lack of action. The CBI introducing the IQD to the world currency markets and the confidence of investors placing their money into an Iraqi bank (investment law) are two separate and different items.
5-8-2015 Intel/Newshound Guru tman23 WE know July...the start of the second semester of the financial year they are starting NEW BOOKS...and these books are not going to include 3 zeros... Hakim's public announcement...A STORM IS COMING.
5-8-2015 Newshound Guru wmawhite ...in order for that new 50 IQD note to have the same buying power of $43.00 the price of goods/market place will need to drop a 1,000%. in order for that to happen the value of the IQD, which is buying those goods outside of Iraq will need to increase in value several times greater than the 1,000% needed inside of Iraq.
5-8-2015 Intel Guru Mnt Goat More on the new 50 and 100 thousand notes...these notes are for very large interbank transactions and large purchases and will eliminate having to carry around suitcases of the lower denominations (5,10,20,100,etc) once the new lower denoms are...issued and the RV pops...they confirmed for us that these large 50,000 and 100,000 are in fact not for general use by the citizens. They are a necessity and an integral part of the plan to RV. It looks like for some reason they intend to hold off on the 100,000 note for now until further notice. My guess is because to would be too easy to smuggle money out of the country using these very large notes.
5-8-2015 Intel/Newshound Guru Poppy3 FRIEND OF MINE CALLED...HE WORKS FOR HALIBURTON AND SAID A FREIND DOING EXPLORATION IN IRAQ TOLD HIM THEY HAVE FOUND A COMPLETELY NEW OIL FIELD NEVER PUMPED BEFORE AND NEVER EVEN MAPPED. MORE RESERVES.
5-8-2015 Newshound Guru Millionday THEY ARE GOING TO RELEASE THE REAL RATE FOR THE DINAR IN THE COMING PERIOD -- THIS APPEARS TO BE THE INTERNATIONAL EQUATION RESULT FOR THE ACTUAL RATE FOR THE DINAR -- IT SAYS NOTHING ABOUT BEING AT A FLOAT OR FIXED OR ANYTHING IN BETWEEN -- JUST THAT THE REAL RATE WILL BE RELEASED. CBI INCREASED THE LIQUIDITY TO GET TO THE POINT THAT THEY CAN REMOVE THE THREE ZERO CURRENCY... ACCORDING TO...REPORT...THE REAL RATE OF THE DINAR IS GOING TO BE RELEASED IN MAY... THIS IS GREAT NEWS AND A GREAT PLACE TO BE IN.
5-8-2015 Intel Guru Mnt Goat The news is just pouring out of Iraq and it is all good and much in our favor that something is brewing in this RV saga. Yes - it is heating up. I am very excited! You should be too...It is now only 3 weeks until June. Will this go until June/July. Yes and the news is telling us it most likely will... I am not setting a date but I am saying Iraq needs to address demands made by the USA prior to any RV and honestly I do not see any chance of this completing until the June/July timeframe.
5-7-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Commission of Economy confirms Cancel to delete the zeros and replace it with the currency of 50 thousand dinars category" Keep in mind this is NOT the CBI talking here...but someone from the Economy and Investment Committee that is claiming the 50k notes will be printed in lieu of deleting the 000's...I just don't find any basis for this kind of action on Iraq's part at this time other than to cause confusion with people...no this makes no sense at all when the CBI has been talking at least since 2012 of the 000's removal...and as late as March they were given the green light to do so.
5-7-2015 Newshound Guru Adam Montana [Has Iraq become Article 8 compliant...Isn't this a stipulation that has to be addressed before anything can move forward?] Article 8 isn't as important to the RV as some make it sound. With that said, I get the feeling it is on the back burner at this time, and that doesn't bother me at all.
5-7-2015 Newshound Guru Breitling Printing the 50K note…even if they come out with a 100K note or a 250K note on down the road…what does it do to us? It limits how far the dinar is going to revalue. The information I got at the beginning of 2014 was that you and I would be able to sit on our currency as long as we want and get to the dollar or 3 dollar mark…putting up the 50k note reverses that policy. So instead of a 50k not getting to a dollar we're looking at 40 to 50 cents range…timing is going to take a little longer but its still going to go down the same road so you don't need to be worrying about that…They are still reducing the note count and this is a way to do it. But they are also reducing the amount of dinar. This basically puts a cap on where you and I can cash out on and extends the time on when they are going to start adding it's full value. They will start adding value…they will. You have to adjust.
5-7-2015 Newshound Guru wmawhite I believe there are reasons to expect to see a change in the value of the IQD at any moment...
5-7-2015 Newshound Guru Kaperoni the term "real exchange rate" does not mean literal...real exchange rate is the cost of goods for same items in another country... example how much dinar for 3 bottle of wine...the exchange rate we care about is called the nominal exchange rate.
5-7-2015 Newshound Guru Millionday [if they are going to go back to the 3 dollar plus rate...then why the 50K note..or 50 note...wouldnt that put that dinar note worth about 150 dollars? if it was 86 cents...that would make it about 43 dollars?] THE 86 CENTS COMES FROM THE 00086 THAT THE RATE IS NOW AND ALL THAT WAS DONE BY PEOPLE THAT Are STATING THAT IS THE RATE IS THEY KNOCKED OFF THE THREE ZEROS -- THIS IS NOT -- I REPEAT NOT -- THE INTERNATIONAL EQUATION -- IT MAKES NO SENSE IN CALCULATING THE INTERNATIONAL TRADE RATE FOR THE DINAR.
5-7-2015 Newshound Guru wmawhite For those of you that are looking for an announcement of the RI/RV or think that there is a button to push, we may have already been informed of a pending change in the value of the IQD the same way the citizens have been informed. And what do I speak of? It is this 50 and 100 note announcement that the Governor of the CBI made two weeks ago. Yes,...50 note of like value. This is Iraq way of telling their citizens that change is coming.
5-7-2015 Intel/Newshound Guru Poppy3 LOTS GETTING DONE. INTERESTED FOR SURE IN...THE PRIVATE CLOSED DOOR MEETING TODAY [WEDNESDAY] AND PARLIAMENT MEETING TOMORROW [THURSDAY]. QUESTION IS HOW MUCH PROGRESS AND WHAT IS THE REASON SENIOR WORLD BANK EXECUTIVES ARE IN ATTENDANCE. AS WE KNOW TEMPORARY HCL IS IN PLACE AND A SPECIAL GROUP HAVE BEEN STUDYING A PERMANENT SET OF HCL RULES INCORPORATED WITH OTHER LAWS OF PROTECTION FOR ALL. [See poll above: What are the odds of the Iraqi Dinar increasing in value in 2015?]
5-7-2015 Newshound Guru wmawhite Regardless of how this is going to roll out...it is good to understand that most of us believe we are closer than ever before.
5-7-2015 Newshound Guru Kaperoni back in 2012 the CBI decided to float the dinar. As Dr. Bakri said...the "specialists look at the long term" [the CBI has NEVER stated there will be a float.] actually...they did. let me get a quote from the CBI: "A source at the Central Bank of Iraq for four companies currently competing to win a draft print the new Iraqi dinar, which will generate graceful after deleting three zeros from him, while Samay central bank to raise the value of the dinar against the dollar gradually down to the day to start replacement where the value will be in the absence of a fluctuating one Iraqi dinars equivalent to U.S. dollars one." Let me point out what is said here..."to raise the value of the dinar against the dollar gradually." The IMF is very direct and clear in the 2013 Article IV consultation...they also say gradual appreciation. ...it will never overnight RV.
5-7-2015 Intel/Newshound Guru Backdoc THEN WE SEE AN ANNOUNCEMENT RELEASED BY THE CBI THAT REASSURES ALL BANKS THAT ARE PROPERLY LICENSED WILL BE ABLE TO BROKER THE EXCHANGE OF FOREIGN CURRENCY!! THEN TODAY WE SEE AN ARTICLE THAT ADMITS ACTION TAKEN BY THE CENTRAL BANK THAT WILL GRADUALLY RAISE THE VALUE OF THE DINAR. THANK YOU [GURU] TOPSHELF...I LIKE THAT 3.93 ZIP CODE...! [reference Guru Topshelf post below, 5-7-2015] AND ONE MORE THING THE FINANCE COMMITTEE DENIES THE GOVT. FROM PUTTING THEIR HAND IN THE COOKIE JAR AND SPENDING THEIR RESERVES! [post 2 of 2]
5-7-2015 Intel/Newshound Guru Backdoc WE HEAR THE WORLD BANK CALLING FOR IRAQ TO DIVERSIFY AND ACTIVATE THEIR PRIVATE SECTOR! THEN TODAY WE SEE AN ARTICLE THAT ADMITS ACTION TAKEN BY THE CENTRAL BANK THAT WILL GRADUALLY RAISE THE VALUE OF THE DINAR. NEXT, WE HEAR THE COUNCIL OF MINISTERS SAYING THEY ARE SERIOUS ABOUT ACTIVATING THE PRIVATE SECTOR. THEN WE HEAR OF A TWO DAY HOLIDAY THAT STRETCHES INTO A 7 DAY HOLIDAY. [post 1 of 2....stay tuned]
5-7-2015 Newshound/Intel Guru Topshelf The .10 cent number goes clear back to the beginning of January...and it’s based on contract amounts. Remember... when Delta..said … “...1166 is gone from the spreadsheet.” Ever since that day we knew that they were doing the mathematics. Why? Because they got the Green-Light like a month before that! The 3 zeros are being lifted right before your eyes...off of the exchange rate! It started at .10 cents and went around .85 to 1.17 and now it’s at this level... One of our sources called...it appears that certain “things” with the bonds in Iraq ...the IMF...CL...seem to coincide with the area code calculations... [393]. “AREA CODE” is a code for the number [rate] that you seek." Do you know what is about to happen? I know...silly question. Of course you do...info is coming in so fast. This is the same thing that happened with the monetary reform of the Kuwait dinar in the late 90’s. [post 2 of 2]
5-7-2015 Newshound/Intel Guru Topshelf [new Guru] [via FrostyTheSnowman] First...the CBI spreadsheet is up-to-date...within 3 days...they are spending money...and they are paying on contracts... and by paying it...that increases the value of certain currencies. One is removing debt...but it’s also how they got the money to pay for the debts...and made trillions off of it. Contracts being paid are in US dollars and some people thought if that happened that would be the end of this investment. I’m here to tell you that was the best part of this whole thing. Dr. S [Shabibi] is superman! February 19th was the last auction. ...auctions have been going on...they never stopped. They have been hiding it. There’s data...it’s been ongoing and now it’s public anyone can view it. They have created the LIQUIDITY...that they needed...they paid off debt based on the contract amount. Not based on people hedging or making this an investment. [post 1 of 2....stay tuned]
5-6-2015 Newshound Guru Millionday Article quote: "...economic academic Dr. Majid Baidhani that the dinar exchange rate against the dollar will soon return from rates over a short period due to the slow recovery of oil prices..." THE DINAR EXCHANGE RATE WILL RETURN AGAINST THE DOLLAR OVER A SHORT PERIOD OF TIME. THEY BEGAN TO CALCULATE THE REAL EXCHANGE RATE IN MARCH AND DUE TO THE SUCCESS IN DAASH VICTORIES AND THE PRICE OF OIL RAISING --- THE REAL EXCHANGE RATE WILL BE RELEASED IN THE COMING PERIOD...WHOOOPOW. THIS WOULD BE A REVALUE OF THE DINAR. SALEH STATED A LONG TIME AGO WHEN HE WAS TALKING ABOUT THE GOAL OF THE ECONOMIC CONDITION THEY WERE WORKING TOWARD FOR IRAQ WOULD BRING THE DINAR EXCHANGE RATE BACK TO CLOSE TO WHAT IT WAS IN THE 80S. IN THE 80S -- AND UNTIL THE IMPOSED RATE WAS PLACED IT WAS IN THE 3S -- BUT THEY ARE STATING THE REAL EXCHANGE RATE SO THAT HAS NOT BEEN RELEASED BUT IS CALCULATED THROUGH THE INTERNATIONAL EQUATION AND HAS A GLOBAL FORMULA.
5-6-2015 Newshound Guru Adam Montana [How does Iraq's request for a sovereign credit rating impact on the RV? Will this help to speed things up?] That's a good question, and it could go many ways. One possibility is that once the credit rating is started, they RV, and obviously the credit rating agencies will be in a rush to get Iraq listed. It's a lot easier for the world to benefit from Iraq when they have a higher valued currency and are listed as a tradable currency. If anything, I see this as a booster, not an anchor.
5-6-2015 Intel Guru TNT Tony
5-15-2015 Intel Guru DC [via Adept1] It was suggested this happen Wednesday night and then last night. Iraq has everything ready, prepped and trained for this...in the mosques they are saying this is seriously happening. Iraq is ready to go through, frustration is high, and they are blaming the US for this not going through. They...would like to choose the least disruptive time to do this, which means after markets close at the weekend. Rates were showing and...Screens went black last night because they are reloading the rates. Some have confirmed this and send out memos saying they are ready any time. Some banks have called in tellers, wealth managers and security. Everyone is moving forward.
5-15-2015 Newshound Guru Kaperoni Article: "Parliamentary Finance: Print new monetary categories in preparation for the deletion of zeros from currency" Quote: "the new denominations to be printed will be of category 50 100 thousand Iraqi dinars." Until it happens and its discussed on TV for the citizens I question it. Even though it might reduce the physical paper, it makes little sense. If citizens don't use banks and keep dinar in their mattresses, all that will happen is they will trade a few 25k notes for these new 50k and back to the mattress they go. The end result will be even bigger problems once they start to raise the value. IMO, the best solution is to reduce the paper and the money supply through the liberalization of the foreign exchange...Once they have the majority of the 3 zero notes off the street, they can switch exchange regimes and start to raise the dinar. Simple and effective.
5-15-2015 Newshound Guru Millionday I WANT TO GO OVER WHERE WE ARE BY WHAT WE HAVE SEEN: THE VISIT TO IRAN SHOULD BE COMPLETE WHICH MEAN THE RECONCILIATION CONFERENCE -- TUESDAY SHOULD SHOW US THE FEDERAL COURT ACT -- THE INVESTMENT LAW IS REFERRED TO AS DONE AND BEING APPLIED -- WE HAVE THE HCL AT MINISTERS AND MAY BE ALREADY MOVED TO LAW COMPLETION -- THE AMENDMENTS ARE DONE -- THEY ARE READY TO ENTER THE GLOBE AND AT ANYTIME THEY WILL BE MOVING FORWARD TO PAY FOR SO MUCH THAT HAS TAKEN PLACE.
5-15-2015 Intel Guru TNT Tony [via Adept1] So Iraq is all ready to go. They are not holding this up because they are telling their people that they are ready to go and ‘this weekend is your weekend’. Parliament did meet, but the laws they passed are for their country, NOT about the economic reform. They have completed the economic reform and now the US is holding them back. They are saying this to their people now. So we wait. Yesterday, bankers called people and scheduled people to do their exchange. They brought people in saying they would do this last night. They worked through the night, the rates came in, went away, came back in and went away again. They came in this morning and there were no rates. Everyone is geared up to do this but it still hasn’t happened yet. There is a time they want to do this and we have to wait for that time.
5-15-2015 Newshound Guru Breitling There is NO reason for them [Iraq] to take notes off the market if Iraq doesn't think it's at a pace themselves. They are taking away notes from their economy. It points to only 1 direction…There is NO reason to do it if they don't think the economy is going to make a leap forward eventually and that's the pace and that's how you know. So what are the numbers you should be watching? The currency of the country is going to give you the clue. Iraq is taking notes from the market…that is an indicator. They are going to add value…it's that simple. [Post 1 of 2 Stay tuned]
5-15-2015 Newshound Guru Mailman17 WHEN IRAQ FIRST INTRODUCED THE NEW NOTES BACK IN 2003 THEY HAD 3 CATEGORIES OF COINS. 25, 50 AND 100. IF MEMORY SERVES ME THEY HAD A MAJOR THEFT OF THE 50, AND CUT THAT COIN PERIOD, OUT OF EXISTENCE, AND NOT MENTIONED IN THE LIST OF ACTUAL CURRENCY EITHER IN CIRCULATION OR NOT. LEAVING THE 25 AND 100 ON THE BOOKS BUT NOT IN CIRCULATION. BUT...THE MONEY ALLOCATED TO BACK THOSE 3 COINS AND THEIR VALUE... REPEAT...AND THEIR VALUE...WAS LEFT INTACT. DO NOT CONFUSE THE 50 DINAR COIN AND THE 50 DINAR NOTE. THEIR FUNDING IN THE M2 WAS SEPARATE. WITH THE INTRODUCTION OF THE SMALLS...1,5,10,MAYBE A 20 AND FILS...THE ONLY BACKING NEEDED IS FOR THE 20 AND DOWN...NOT EVEN PUTTING A DENT IN THE M2. WITH FUNDS ALREADY ALLOCATED FOR THE 3 NON CIRCULATED COINS, THEY WOULD HAVE NO PROBLEM EXCHANGING THAT VALUE FOR THE LITTLE 250 AND 500 STILL ON THE STREET...USABLE DAILY CURRENCY...ENTER THE 1-1.
5-15-2015 Intel/Newshound Guru tman23 The FED COURT LAW was #1 on the KURD LIST that was the agreement to participate in the government... The Kurds walked away last week after Shia got "bitter" and the dispute began... Then Jabouri said he was going to lift the 19th Parliament session to the 25th...where they would vote on the investment law... The Kurds meeting in the Kurd Parliament said the Fed Act Law would not be able to be passed during this year Parliament session because of differences... IF IF IF They vote on this on the 19th and pass the Fed Law... Speculate that Barzani has rattled the cages hard...And he is bringing in investments and liquidity to Kurdistan...And with all that being said...He is not opening the Kurd market to foreign investment with 3 zeros... If that FED LAW IS PASSED...WOW!!! Their is MOTIVATION for SOMETHING BIG!
5-15-2015 Intel Guru Delta Article: "Formation of a committee to issue coins of the two categories of 50 and 100 dinars pave the way for the abolition of zeros" Quote: "the central bank governor and the committee is studying the matter and study aspects and safe compared with other currencies in preparation for the start of release." He pointed out that "there is a procedure to remove three zeroes as it has to be the presence of large groups of currencies to replace the 50 000 coin category of 50 dinars for example." ANOTHER ONE TO MAKE IT CLEAR!
5-15-2015 Newshound Guru wmawhite ...the changes to the IQD have been put in place by the CBI. It has never floated anywhere. Also, if you were the CBI would you turn the future of your country (it's currency) over to the world of investors and float your currency? Or would you instill confidence in the investors by telling the world that your currency is worth such and such and back it up with your reserves?
5-15-2015 Newshound Guru Millionday Article quote: "The head of the Kurdistan Regional Government Nechirvan Barzani, Iraq, on Thursday, the Federal Government to abide by the agreements concluded between the government and the province." KURDISTAN AND IRAQ HAS REACHED AN AGREEMENT AND THEY HAVE COMPLETED THE MEETING AND AGREEMENT -- NO MORE ISSUES...THEY ARE IN AGREEMENT AND IT IS BINDING -- I FEEL THIS WILL RESOLVE THE OIL AGREEMENT BETWEEN BAGHDAD AND KURDISTAN...THIS IS MOVING VERY FAST... 5-14-2015 Newshound Guru Mailman17 I AM NOT ASSOCIATED WITH [guru] DELTA [reference Guru Delta's post 5-12-2015] BUT I WILL REFERENCE HIS LAST POST...THEY CLEARLY ARE COMING OUT WITH A 50 AND 100 DINAR NOTE. NOW, IF YOU VISIT THE CBI WEBSITE, THEY STILL LIST THE 50 AND 100 DINAR COIN O=VALID BUT IT IS IT IS UNCIRCULATED. NOT IN USE...BUT THE FUNDING FOR THOSE COINS ARE. THE INTRO OF THESE NOTES IN NO WAY EFFECT THE M2 IN ANY WAY SHAPE OR FORM. THE MONEY IS ALREADY ALLOCATED FOR THESE NEW BILLS. AND WITH THAT, THEY CAN THEN TAKE THE 250 AND SO ON (WHATS LEFT) OUT OF PLAY. THAT IN ITSELF WILL REDUCE THE NOTE COUNT AND VALUE WILL EXCHANGE VALUE. AND WE ALREADY KNOW THE 3 ZEROED NOTES HAVE BEEN ACCOUNTED FOR AS IN IRAQ PULLING THEM IN FOR THE LAST 3 - 5 YEARS...LITTLE BY LITTLE. OUR DINAR IS ACCOUNTED FOR IN THIS MESS...ALWAYS HAS BEEN, BUT NOW INSIDE IRAQ IS AS WELL. THAT IS WHAT THIS MR [MONETARY REFORM] WAS ALL ABOUT. WAIT FOR THE RATE...ITS COMING. AND AGAIN I WILL REFERNECE THEY WILL NOT LET BONDS COME OUT AT 1166...TICK TOCK...JMO [reference Guru Delta's post 5-12-2015]
5-14-2015 Intel/Newshound Guru tman23 WHOOP...There it IS!!! "Saleh added that the Central Bank is also working on re-issue coins to the absence of these categories at the moment." They Have 25 and 100 denom coins that have not been in circulation...HERE THEY COME! The one statement that sticks: The "new currency" must come first as a prelude to the deletion of the zeros from the currency. The Deputy Governor (Mr. Zuhair Ali Akbar) of the CBI had a paper released a year or 2 ago on nothing but COINS. The CBI has been sitting on COINS in denoms of 25 and 100 and never released into circulation. WHY MINT THESE COINS? They at 1166 have no value. We can only suspect that they were part of a plan that is now coming to fruition.
5-14-2015 Newshound Guru Breitling …this is when you want to invest. Look at it like…things are CHEAPER…HELLO, garage sale time! It's time to get in. If it goes below that…guess what I can go in and buy even cheaper…this sounds very survival of the fittest and I don't mean it to be this way but but it's just like the stock market. It's just numbers going up and down. What we are looking for with Iraq is that it will eventually get to a certain rate and it will stabilize and then get to another certain rate and stabilize and then get to another certain rate and then stabilize and it won't go below those rates very much and it will keep going up. Do I see that? Absolutely. [Post 3 of 3]
5-14-2015 Newshound/Intel Guru TopShelf Everyone knows that Iraq wants to go international and the IQD is ultimately INTENDED for the Iraqi citizens to use. But it will also be used as a RESERVE / SUPPORT currency. Iraq’s books show what a dinar is and how many they have. Iraq citizens want purchasing power and a currency that is deserving of its true value. Dr. Shabibi knows … (everybody knows) when it’s time for the Iraqi’s to use the IQD they will abandon the USD like wildfire! Iraq is paying a lot of people...the spreadsheet has value. Iraq needs to pay a lot of people (contractors and citizens). This will become a WIN-WIN for all! The evidence is there. Iraq is paying a lot of people...from country to country...from central bank to central bank. Hang-on...it’s coming! Iraq does not want to wait until the last minute...with a goal before Ramadan. Understand this...Iraq couldn’t start this...(paying people) unless they knew that they could finish it.
5-14-2015 Intel Guru DC [via Already Blessed] EVERYTHING IS STILL AWESOME AND WE BELIEVE THIS CAN HAPPEN AT ANYTIME...THIS PROCESS CAN NOT BE STOPPED...ONLY ACTIONS...BUT THIS PROCESS IS HAPPENING.
5-14-2015 Newshound Guru Breitling It doesn't matter what country, what region or whatever…the note count is a MASSIVE indicator. Note count is the ticket to understanding a country's agenda. Do I have confidence in the Iraqi Dinar? Absolutely. Do I have confidence that their economy will come back or their ISX stock exchange is going to be put on NASDAQ so I can really make some money off of it? Absolutely I do. Can things get worse because of the proxy war? Absolutely. If it does get worse do I think the dinar will add value…do I think ISX on NASDAQ? do I think the index will be filled? Absolutely I do. Here's the point… [Post 2 of 3 Stay tuned for the conclusion of the story]
5-14-2015 Intel/Newshound Guru Poppy3 DINAR...IS STILL THE BEST INVESTMENT IN MY LIFETIME OF 68 YEARS...NO QUESTIONS OR DOUBTS ON ITS VALIDITY AS THE BEST OF A LIFETIME INVESTMENT. ...THATS MY OPINION ONLY...NEVER THOUGHT IT WOULD TAKE THIS LONG...11 YEARS ago when i started but still hasnt ever stopped my confidence how great it is.
5-14-2015 Newshound Guru wmawhite ...if an investor can not find a reason to be positive today about this...then he/she never will. The articles today have never before laid out the process as to what the plan is as they have today. Keep in mind...whether you agree with the news about the notes or not...it is quite evident that there is major movement underway with the monetary reform within Iraq. I am of the opinion, based upon people much smarter than I ...that this process has started back prior to to March 2015. Therefore, we are on our way. [post 2 of 2]
5-14-2015 Newshound Guru wmawhite [I recall hearing some time ago that when it got close they would be throwing out all kinds of mis info and it seems like that's all we're getting lately.] ...there is no reason for "mis-information". think about it...what we are hearing now is about the currency the citizens will have. The CBI/GOI/Parliament will need the citizens to be well informed with correct info in advance of it. None of this is mis-information and it is NOT about the yet to come international exchange rate. If this was mis-information it would be like an airline that needs to get their flights boarded and off on time telling the passengers to go to the wrong boarding area. [post 1 of 2....stay tuned]
5-14-2015 Newshound Guru Mailman17 PLEASE BE AWARE THAT WE HAVE ALWAYS KNOWN FROM DAY ONE THAT MISINFORMATION WOULD BE AT ITS HIGHEST LEVEL AT THE END OF THIS RIDE. LOOK AT THE WHOLE PICTURE AND JUST NOT A CORNER. ART 8 WILL REQUIRE AT LEAST A 1-1...AND A FLOAT JUST OPENS UP THE FLOODGATES FOR THE BIG SHARKS TO TAKE ADVANTAGE OF NOT ONLY THE DINAR AS A CURRENCY BUT THE ISX AND THE BONDS. THESE BONDS WILL NOT GO AT 1166, AND NEITHER WILL THE CURRENCY OR STOCKS. SECURITY IS A MUST, THAT I AGREE, BUT I ALSO THINK THEY ARE FARTHER ALONG WITH THAT INCLUDING MOSUL THAN THE MEDIA PUTS IN PRINT AND ABADI HAS ALSO STATED ISIS WILL NOT STOP THE MR [MONETARY REFORM]...JMHO [post 3 of 3]
5-14-2015 Newshound Guru Breitling Everyone is wondering about the 50K note and what's going on…There are articles out there talking about 50K notes, in fact I just got another one this morning…not only that but they're thinking about coming out with a 100K note. So at 50K you're looking at a completely different pace. That's an indicator. Are they reducing the note count? YES they are. If they come out with a 100K note are they reducing the note count? YES they are. But their agenda and how they are going to let the value come out and the pace is completely different and that is why you have to watch this stuff and understand the note count. [Post 1 of 3 stay tuned for the rest of the story]
5-14-2015 Newshound Guru Mailman17 I TAKE THE 50,000 AND 100,000 THEORY WITH A GRAIN OF SALT CONSIDERING MOST OF THE JIBBERISH REGARDING THEM COMES FROM NOBODYS IN SOME COMMITTEE OR A STRAY MP WHOS OPINIONS MEAN NOTHING. AS FAR AS NOTE COUNT, IT HAS ALREADY BEEN STATED IN THE PAST THAT THE LOWER DENOMS IN PLAY RIGHT NOW ARE FAR AND FEW APART WITH MOST IRAQS USING TAPED ONES TO PURCHASE ANYTHING. IRAQ WILL NOT TELL THEIR PLAN IN ADVANCE AS TO THE RATE INCREASE, AND A FLOAT IS NOT AN OPTION DUE TO NO LOWER BILLS INTRODUCED TO COVER IT. THEY MUST COME OUT STRONG AT LEAST AT A 1-1 TO COVER THE VALUE OF THE NEW 1,5,10 ECT. AND MAKE THEM USE THE DINAR IN THE MARKETPLACE. A 50 THOUSAND AND HUNDRED THOUSAND WILL NOT DO THAT. [post 2 of 3....stay tuned]
5-14-2015 Newshound Guru Mailman17 FOR A 50 DINAR NOTE SUPPOSEDLY NOT IN SERVICE AS OF MAY 1ST, YOU WOULD THINK THE CBI WOULD UPDATE THEIR WEBSITE REGARDING SUCH A BOLD MOVE IN MONETARY POLICY. THE MANY FORUMS ON THIS INVESTMENT HAVE BOOTS INSIDE IRAQ YET NO ONE CAN PROVIDE A PICTURE OF THE NEW 50 SUPPOSEDLY REPLACING THE OLD ONE. THE OLD 50 IS STILL AN ACTIVE NOTE ACCORDING TO THE CBI WEBSITE. A 50,000 LET ALONE A 100,000 NOTE INTRODUCED AT 1166 DOES IRAQIS NO GOOD AT ALL, ESPECIALLY IF THEY WERE INTENDED TO DRAW IN THE REMAINING 250, 500, 1000 ECT. AT 1166 THAT WOULD MEAN YOU COULDNT BUY ANYTHING LESS THAN FORTY SOME ODD BUCKS UP TO 80 BUCKS PLUS, UNLESS YOU USE U.S. DOLLARS WHICH WE KNOW THEY ARE TRYING NOT TO DO. FLOATING THE PRICE AGAIN DOES NO GOOD IF YOU DONT HAVE SMALLER DENOMS IN PLAY SO... [post 1 of 3....stay tuned]
5-14-2015 Newshound Guru Millionday Article quote: "Abdul-Razzaq al-Saadi, that the stock market will rise in the next month, influenced by news of Iraq for a loan from the World Bank as well as...The improvement in the financial situation of the country. He said al-Saadi's (IMN) that "the entry of the 13 private company traded on the Iraq Stock Exchange, trading rates will live." THE FINANCIAL SITUATION OF THE COUNTRY WILL IMPROVE AND ALSO -- THE ENTRY OF 13 PRIVATE COMPANIES WILL BE TRADED AND RATES WILL BE LIVE -- HOW MUCH CLEARER CAN IT BE. THE WORLD BANK IS READY TO HELP IRAQ MOVE FORWARD FINANCIALLY...
5-14-2015 Intel/Newshound Guru Poppy3 all news INDICATING THE CHANGE IN VALUE CAN CHANGE AT ANYTIME AND THIS HAS BEEN TRUE FOR THE LAST FEW WEEKS. SOURCES HERE AND THERE ALL AGREE THIS PROCESS IS IN FULL AHEAD MOTION WITH NO ONE THINGS HOLDING THEM UP. ALL NEEDED FOR THE NEW RATE IS ALREADY COMPLETED... ALL THEY NEED IS IMPLEMENTATION AND MUCH OF THEM WILL OCCUR TOGETHER. I DO KNOW SOME FURTHER BANKING CHANGES ARE BEING MADE THIS WEEK BUT HEARD THEY ARE NOT CHANGES THAT THE NEW RATE WOULD BE HELD UP FOR. TIME WILL TELL BUT I AM VERY RELAXED WITH ALL NEWS BEING IN OUR FAVOR.
5-14-2015 Newshound Guru Enorrste I believe that the case has been presented now that both a 50000 note and a 100000 note will be issued with the specific purpose of reducing the amount of paper in circulation. Neither note will change the money supply or cause inflation. They won't be "given out" but instead will be "exchanged" evenly for an equal amount of smaller denominated bills. Those bills will be destroyed, thus reducing the paper from 4 billion pieces to 1.8 billion pieces. Only AFTER that process is complete will the CBI allow the float to begin, in my view (or at least after a good amount of the paper is destroyed). Then the dinar will begin to rise in value and, as it does, the new 100000 and then 50000 notes will be the first to disappear. They will, then, live a short but effective life in preparation for the "remove the 3 zeros" project to come to fruition. In my view, assuming the notes come out shortly, we should see the beginning of the rise in the value of the dinar later this year.
5-13-2015 Newshound Guru Millionday [So is ISX going to feed into Nasdaq or stay independent?] ISX WILL REMAIN BUT NOW THEY HAVE A SECONDARY MARKET THAT WILL ALLOW INVESTORS TO INVEST IN THROUGH BROKERS OR NASDAQ AND OTHER PRIMARY MARKET BROKERAGES -- THIS IS AN EXPANSION ON THEIR CAPABILITIES AND ALSO THEIR REVENUES FOR THE COUNTRY OF IRAQ AND THE PUBLICALLY LISTED COMPANIES
5-13-2015 Intel Guru DC [via Adept1] Bottom line – it’s been stopped again once or maybe twice, but it’s back on again as we speak. East to West, Iraq is continuing to prepare, and they are ready to go. They have everything ready and waiting for when the US will say Yes. They have a holiday that starts today. It would have been nice to have the RV before, and it would still be nice to have it during a slow time. In the USA, they have asked for it to be delayed twice in the last 50 hours, with the intent to let it go through. They have agreed to another quick timeline. That is based on internal agendas of the US administration. Bank screens have been up and down, with a lot of trading last night. That was another attempt to go forward. It was a pause, not a stop, as we understand it. Banks are ready, have called folks in both times and done all their work and are doing it again as we speak. [What are the current rates?] Dinar = $4.67 , zim = 19 cents , rupiah = 1.18/1.19 , dong = $2.27; those are the international rates. I hope the US will allow this to go through very soon.
5-13-2015 Intel/Newshound Guru tman23 Funny when people say nothing happening... Iraq all talk no action! Fact is they are fighting for their mere existance as a country... They are fighting for a democracy and met with internal and external resistance... The appearance of the World Bank, the IMF, the UST, an announcement of application for Credit Rating... The appearance of Shabibi at the financial table...the announcement of a "new currency" the announcement that the new currency must come first as a prelude to lifting the 3 zeros... the announcement of pulling the existing 50 from circulation... the announcement that the new currency is ready for implementation... NA....Nothing going on...So turn the channel to another page for the comedy act...evidently some seek entertainment and not facts...
5-13-2015 Intel Guru TNT Tony [via Adept1] Today is Wednesday, May 13, 2015. We are here once again, but I am comfortable in telling you we won’t be here much longer. They did initiate the process last night and bonds were traded. Iraq has an A rating for the currency, and they could not have that without an international currency. A lot of people knew it was supposed to go between 2 - 5 am this morning. The process did start and was stopped before it could complete. The US stopped it; we don’t know the exact reason, but it’s been resolved and they will try again. It is scheduled already to go again and we’ll see if it makes it through this time. They say they will let it go through, and this morning the numbers were changing in the system. Everyone is very excited from yesterday morning, and we were waiting all day. Banks called in people and they have already rescheduled those people. We are really, really close...
5-13-2015 Newshound Guru Adam Montana [...from the current progress and in your honest opinion, do you think they can have the HCL before Ramadan (from mid-June till mid-July)?] Can they? Absolutely. Will they? Possibly.
5-13-2015 Newshound Guru My Ladies THE 50 DINAR NOTES THEY CANCELLED FROM CIRCULATION FOR GOOD ALLOWED THEM TO BE ABLE TO DISTRIBUTE THE 50K WITH OUT INCREASING NOTE COUNT. IT IS JUST IN MY THOUGHT PROCESS BUT I THINK IF THEY DECIDE TO DISTRIBUTE THE 100K THAT THEY HAVE THEY WILL DO THAT AFTER PULLING IN THE 250 NOTE. SO WE JUST WAIT AND WE WATCH WHAT HAPPENS. IN ANY EVENT THIS WILL NOT AFFECT US AND THE NOTES WE HAVE. THIS IS A GOOD THING AND AS THEY HAVE SAID A NECESSARY STEP IN THE MONETARY REFORM AND THEN LATER WILL BE INSTRUMENTAL IN THE CURRENCY REFORM. GIVE IRAQ SOME CREDIT PLEASE EVERYTHING THEY DO IS DELIBERATE AND VERY WELL THOUGHT OUT. THIS 50K MOVE IS GENIUS...I SAY [GURU] BONDLADY WONDERFUL JOB EXPLAINING THINGS, THANK YOU. [post 2 of 2]
5-13-2015 Newshound Guru My Ladies I WOULD LIKE TO COMMENT TO [GURU] BONDLADY PLEASE, YOUR ANALYSIS IS DEAD ON AND THEY HAVE TOLD JUST WHAT YOU EXPLAINED. [reference BondLady post 5-13-2015 below] HERE IS JUST ONE CURRENT PIECE OF THE MANY TIMES THE CBI TOLD US WHAT THEIR INTENTIONS WERE. IT IS NOT A MISPRINT, IT IS NOT MAKE BELIEVE IT IS ACTUALLY OCCURRING AND IT IS NOT SCARY IN FACT IT’S GENIUS. THIS IS ALL PART OF THE MONETARY REFORM AND IT IS A GOOD THING. THIS IS ACTUALLY BRILLIANT ON THE CENTRAL BANKS PART. IRAQ HAS ACCOMPLISHED SEVERAL THINGS WITH THIS 50K NOTE, THEY ARE INCREASING MONEY SUPPLY WITH OUT INCREASING NOTE COUNT. THEY ARE CURBING INFLATION. AS IRAQ GROWS THEY ARE GOING HAVE TO INCREASE MONEY SUPPLY WHICH THEY ARE DOING NOW. THE SAME NOTES WILL SERVE AS THE LOWER NOTES WHEN THEY REMOVE THE ZEROS FROM IT DURING THEIR CURRENCY REFORM. [post 1 of 2....stay tuned]
5-13-2015 Newshound Guru Bondlady All of these things contribute to raising to the rate on notes we hold. Like I said above a slow grow, this is like owning stock in a company and as the company grows so does the value of your stocks! It is also my opinion that they are doing this to make them stop using the dollar. They would carry less notes with the 50k. One of the reasons they used dollars anyways and that also to me would cause the rate increase on the dinar... less dollars more dinar....and reason enough to do it. It looks more and more to me like no straight up RV but steady growth like it's been but on a quicker scale than before because they pull in a huge amount of notes lower than the 25 and 50k. [post 2 of 2]
5-13-2015 Newshound Guru Bondlady I feel like if they bring out the 50 k note it will give them time to drag in a lot more 250, 500, 1000, 5 and 10k notes, letting them use the 25k and 50k abundantly, all the while pulling in massive amounts of the smaller than the 25k notes. Since they already released the new 25 k notes...which should cause the rate to increase over time as they take in all these other notes...as they withdraw the notes ...less in circulation ...rates increase imo. Just like its done throughout the years all the while the tariffs and other fee's charged by the state and all the new contracts as well and pumping more oil now than Saddam ever did...to me this all increases the exchange rate. [post 1 of 2....stay tuned]
5-13-2015 Newshound Guru Adam Montana I don't have any secret intel today. (If I did, I couldn't share it anyway!). It occurs to me that people tend to get hung up on the small details a lot of the time, and they forget to look at the big picture. The money that comes from oil is mind-boggling. They don't have to live by our "logical" terms, and they won't do business or maintain their money on our terms either! The potential for Iraq to soar far beyond anything we can currently imagine is astounding. The potential for wealth simply by putting their feet down and announcing to the world "OUR CURRENCY IS NOW 100X STRONGER" is real... I'm in for the long haul on this one, my friends. I don't expect an RV of $15 ...but you can bet...I'm sticking around long enough to see a good profit on my little gamble here. I'll see you at the finish line, and hopefully not too far from now.
5-13-2015 Intel Guru TD Further comments from my Kurdish friend (treat all as rumor and please due your own sound diligence). I wrote of plans of a new 50k note late last year and it will soon come to fruition, I'm told within 60 days. There was even plans later drafted of a 100k note which was only on the drawing board which have been scratched (at least for 3-6 months). The economic committee, CBI and Abadi's folks are all on the same page and the unanimous decision has been made to delay the "deletion of the zeros" ( or LOP) for the remainder of 2015. Cited of course is the "unstable economic conditions of the country" but it goes much further than that and there is again serious considerations on whether or not a 3 state federation between the Kurds, the Shiites and The Sunnis is yet the best possible alternative for the future of a land once known as Iraq. Until a political solution can be reached all else is on hold. Currency reform for 2015 is now a DEFINITE DOA!!
5-13-2015 Intel Guru Frank26 Dr. S [Shabibi] wants all of his banks secured. Every one of them. The insurgents that are still left in Mosul...blew up one of the major bridges...because they know they are about to be wiped out. IMO – ISIS is about to get their butts spanked! ...I want to say...all of this is being done before Ramadan. [Guru] TopShelf...mentioned the date...before the 17th. They are all working together...GOICBI..DC...IMF...WB..etc.
5-13-2015 Newshound/Intel Guru TopShelf This is going to hit the market...this is the moment...but we don’t know the exact date. If you have the calculations... you can figure out a rate...(now that could also change). It can change. The rate is DRIVEN by demand. They have a minimum bid amount on these bonds...based on the last ones that I know of [area code 371] – but it could be different than that. They are showing you that the vehicle is ready to move...it can move...not just behind the scenes...but domestically and internationally with any broker or bank that is set up to do business. [post 2 of 2]
5-13-2015 Newshound/Intel Guru TopShelf [via FrostyTheSnowman] Don’t worry if you don’t get this...After the 17th...it won’t matter if you don’t get it anymore. ...we now have an AREA CODE of 393...finally showing in the spreadsheet...on ISX! Those that are in the financial world...whether it’s the primary...secondary...and understand the markets and what they’re doing with BONDS...you’ll understand what I’m saying. Today, people will see changes...but they won’t release the rate until they’re ready...but what it means is they are set up to be sold INTERNATIONALLY...not just DOMESTIC...but at an international rate! Without this...it’s like owning a Ferrari without tires and rims. [pointless]. We all knew that ISX would be the vehicle to move these [bonds]...but they didn’t want to show you the nice shiny rims and the low-profile tires because they kept it “low profile”. [post 1 of 2....stay tuned]
5-13-2015 Newshound Guru Millionday IT OBVIOUSLY SEEMS TO POINT TO THE HUGE GUESS THAT INTERNATIONAL ACCEPTANCE WOULD BE NEEDED IN ORDER FOR THIS TO BE SUCCESSFUL OR AT LEAST AS SUCCESSFUL AS THEY HOPE IT TO BE IN THE REGION AND THE GLOBE. Article quotes: "the stock market will rise in the next month, influenced by news of Iraq for a loan from the World Bank..." "the entry of the 13 private company traded on the Iraq Stock Exchange, trading rates will live." THE STOCK MARKET WILL RISE IN THE NEXT MONTH AND ALSO RATES WILL LIVE -- MEANING IMO -- WHOOOPOW. [doesn't Iraq have to have a tradable currency for all this financial activity?] THAT IS CERTAINLY THE EXPECTATION AS IT WOULD NOT BE POSSIBLE TO TRADE WITHOUT EXCHANGEABLE CURRENCY. [post 2 of 2]
5-13-2015 Newshound Guru Millionday THIS IS FROM THE ISX SITE...THE REASON THIS IS INTERESTING IS THE MOST IMPORTANT WE HAVE SEEN DURING THE ENTIRE INVESTMENT. MARKET PERFORMANCE NOW HAS TWO SELECTIONS AVAILABLE ::: PRIMARY MARKET AND SECONDARY MARKET...SECONDARY MARKET IS NEW AS OF TODAY [TUESDAY]. DEFINITION of 'Secondary Market': "A market where investors purchase securities or assets from other investors, rather than from issuing companies themselves. The national exchanges - such as the New York Stock Exchange and the NASDAQ are secondary markets." THE SECONDARY MARKET IS NOT ONLY NEW YORK STOCK EXCHANGE WHICH ALLOWS NEW YORK INVESTORS TO INVEST IN THE ISX BUT IT IS ALSO THE NASDAQ MARKET WHICH OF COURSE IS THE CURRENCY MARKET. THE REASON THIS EXCITES ME...IS THAT IRAQ HAS BEEN ORDERED TO DO THE INTERNATIONAL EQUATION... [post 1 of 2....stay tuned] 5-12-2015 Newshound Guru Enorrste In order to remove the large notes the value of the dinar must rise to a place that makes this possible. This implies that the new smaller dinar notes (1 to 200 dinar) will be produced and distributed as the value in the dinar rises. We do not know the specific timing of this process but we do know that Saleh has said that the “remove the three zeros” could take from 2 to 4 years to be fully accomplished. We also know that the “green light” has been given to initiate this process, but we do not know the specifics of the timing. We do know, however, that the actual removal cannot take place until the value reaches a level to make it necessary to remove the large notes (somewhere around a penny per dinar, or even slightly less than that). In any case, we can safely state that the raising of the dinar must precede the removal of the large notes, although it will surely continue upward until they are all gone (presumably at least to $.50 per dinar, when the 500 dinar note would be worth $250). The CBI is on record that the goal is $3.50 per dinar, stated in 2008...
5-12-2015 Newshound Guru Aggiedad77 Article: "Three factors will raise trading Iraq Stock Exchange" The ISX is expected to rise over the next month...do you wonder why...three things appear to be heading in the direction of a positive impact for the exchange...first a loan from the World Bank, secondly, reassurance by the government regarding employee salaries being safe, and third, the entry of 13 private companies in the stock exchange...and I predict a fourth reason that is mentioned here in undertones as well...that of security...security that has not been seen within Iraq since the June 10th 2014 DAASH attacks upon Mosul...security is improving all across Iraq.
5-12-2015 Intel Guru Frank26 [...maybe they will make the 50,000 and 100,000 notes so that the banks can pay each other.] NO, NO, NO! The 50k and 100k notes...there is no such thing...and will NOT be replaced with anything.
5-12-2015 Newshound Guru wmawhite ...there is only one way a piece of currency can buy more...and that is when the price of goods decrease...and how does that happen? When the value of that currency increases in the world market place...and in our case...the IQD outside of Iraq. 90% of the goods inside of Iraq are bought outside and imported. The only way those goods will decrease in cost is by the IQD increasing in value outside of Iraq. Remember, the iraqi citizen has in his hand a 1,000 IQD note and 5 minutes later the IQD revalues (outside of Iraq), that Iraq citizen's 1,000 IQD note is STILL 1,000 IQD. [what does your brain tell you when we will see a reval?] My brain tells when this is happening and I am very happy with that...unfortunately my brain didn't come with a timer...lol.
5-12-2015 Newshound Guru Millionday THEY ARE HAVING THE RECONCILIATION CONFERENCE AND HAVE SENT FUNDS TO THE BANKS SO I DONT KNOW WHAT THE HOLD UP WOULD BE --- THEY ARE FINISHING THE IMPORTANT LAWS...SO THE SITUATION IS VERY ENCOURAGING...THE TIMING IS PLANNED AND WE DONT KNOW WHAT IT IS -- SO WE WAIT -- OBVIOUSLY LOTS OF PROGRESS HAS BEEN DONE -- WITHOUT A DOUBT FROM WHERE WE WERE.
5-12-2015 Intel Guru EXOGEN 1. IS NEW THE GLOBAL SWIFT SYSTEM CIRCUMVENT ACTIVATED? THE ANSWER IS 100% NO. THE SYSTEM IS 100% COMPLETED BUT IT IS NOT ACTIVATED. WE KNOW I.T. PEOPLE WHO HELPED BUILD IT. 2. IS RUSSIA PRESSING CHINA TO EXPEDITE FULL GLOBAL ACTIVATION PRIOR TO JULY? THE ANSWER IS 100% YES. 3. WILL THERE BE AN RI OR RV TODAY? THE ANSWER IS 100% NO. 4. IS THE HCL IN IRAQ AGREED UPON 100% YES. IS THE HCL IN IRAQ ACTIVATED, IMPLEMENTED AND EXECUTED? -100% NO.
5-12-2015 Newshound Guru Aggiedad77 How do you spell "money"...if you are in Iraq...L.I.Q.U.I.D.I.T.Y...maybe this bond thing has already taken affect, We see evidence of things being paid that just a few days ago would have probably been swept under the rug....not oil companies being paid...but they are....not debt being paid...but it is....BUT payments being made to citizens.....the very heart of Iraq its citizens...who have for so long been neglected... Article: "25 000 dinars per citizen instead of ration is received" 25k notes being issued to citizens for rations that have not been distributed in the past year....this amount will be distributed within the next 10 days they claim ...when you consider all the millions of people in Iraq and see each one being given a 25k note....that has to be coming from somewhere and I can assure it is not Maliki's pocket.
5-12-2015 Intel/Newshound Guru tman23 Parliament needs to pass the investment law...then we should see an immediate response of sorts from the CBI... following the World Bank payment for purchase of Iraq Bonds... And the World Bank is not going to buy Bonds at 1166 or $1 usd... And then Iraq raise their currency value... This is one scene where the horse will definately be before the cart.
5-12-2015 Intel Guru Delta It is impossible for Iraq to introduce a 50,000 or 100,000 dinar note! If they did...no one would buy their bonds! Everyone is waiting for the rate. The window of opportunity we are studying is before Ramadan - June 17th. Iraq must be in Article 8. We know they have a holiday coming up on Wed/Thursday. In my opinion...nothing will happen this week...due to the holiday (I hope that I’m wrong)...then starting next Sunday we should start hearing something. We are very, very close. [post 3 of 3]
5-12-2015 Intel Guru Delta ...let’s talk about the 50,000 and the 100,000 dinars. Iraq CANNOT come out with a 50,000 or 100,000 dinar note! ...they would have to have an inflation rate of 30 to 40%. You don’t do that when your inflation rate is like 1 or 2 percent. Why would you spend the money to produce a 50,000 dinar note when you already have the same thing with just two 25,000 dinar notes? The plan is to print 50, 100 and 200 dinar notes and introduce them to the market...but before they do that the rate has to change first! The 50 dinar note after the revaluation will be worth around $43. The new 50 dinar note and the 25k notes will coexist for a while. So they will come up with a 50 dinar note after they revalue (.85) after they drop the 3 zeros. [post 2 of 3....stay tuned]
5-12-2015 Intel Guru Delta I’m so excited...a lot of good news! They must have a credit rating to sell the bonds. Standard and Poors...one of the requirements to get a credit rating is that your currency MUST be international...That is a fact. ...re-read what I brought in...one of the points about getting a credit rating is they must have an International currency – which is Article 8. They must come up with a rate that is agreeable with the IMF (not 1166) – something that is agreeable for everybody. Iraq is having a BIG, BIG problem with liquidity...they have no cash in hand and they need to sell those bonds ASAP! [post 1 of 3....stay tuned]
5-12-2015 Intel Guru Frank26 Do you know anyone who is going to buy BONDS at the 1166 rate? (No!) ...these BONDS are about to go up in value from 1166 up to 1 to 1 (like the USD) but they’re going to go past the American Dollar over time probably within the next 5 years for sure. That’s why the DOMESTIC and INTERNATIONAL BONDS must be sold in IQD because they are going to go up in value. The value will only continue to go up... 1, 2 or 3 times its value in 1 or 2 years or overnight...It depends on the whales and the sharks. It depends on the international investors coming into Iraq. It depends on the people outside that are willing to buy these bonds. The World Bank has a huge delegation over there right now. I think it for the final touches for the introduction of the new rate. They got a new credit rating. They got the bonds set up. And all of this BEFORE Ramadan? (Yea...before Ramadan). [post 2 of 2]
5-12-2015 Intel Guru Frank26 [via FrostyTheSnowman] Going forward with the monetary reform, the budget, the salaries, the private sector...everything that is in line. First of all we need an credit update...a credit rating for the banking systems in Iraq. Did Iraq get it? YES! ...it is one of the first steps REQUIRED in order for a country to establish its own BONDS. Here’s the key...these BONDS are about ready to be released. The “GREEN-LIGHT” was not just to remove the 3 zeros...it was given to do the monetary reform process...basically to COMPLETE ARTICLE 8! The green light allowed them to do what they are doing finding ways that they can FULFILL their budget and explode the private sector, economy, bring in INTERNATIONAL trade. This is VERY BIG! There are TWO types of BONDS: 1- DOMESTIC BOND 2- INTERNATIONAL BOND (yeah!). These are not being sold in USD but IQD’s! [post 1 of 2....stay tuned]
5-12-2015 Intel/Newshound Guru tman23 if the CBI releases a 50,000 note that has those 3 zeros to the street... it is not a good thing...there is no way to spin it as being positive...and those who buy into the spin of it being positive are in denial. WE will have to wait and see what the CBI releases...A 50 note with a solid block to the edge of the note after the #50 keeps us in the game ...a 50,000 note that has the 3 zeros on the note is not good. ...we make payments electronic... On the receipt does it say 20 note in 50k 10 notes in 25k...etc. NOPE...and if a bank for internal pay receives cash they need it for liquidity to use in daily transactions... I'm not buying into use for internal banking.
5-12-2015 Newshound Guru Enorrste The number of pieces of paper, on the other hand, is a cumbersome problem that they simply WANT to correct prior to initiating the float...doing so will allow a larger bill with better security to come into play and will bring in millions of smaller notes than can be destroyed PRIOR to the intiation of the float. The result is that the float may well be announced shortly after the introduction of the 50k notes because they can destroy the smaller 3 zero notes that are turned in. Then, as the value of the dinar rises, even more 3 zero notes can be destroyed to lower the overall money supply, as they wish. [post 2 of 2]
5-12-2015 Newshound Guru Enorrste [...why is the CBI more concerned with reducing the number on notes rather the amount of curency in the market.] The CBI has stated two things: first, that the money in circulation is well supported by the reserves on hand, making the current dinar one of the strongest currencies in the world (in terms of backing); and second, that as the value of the dinar is allowed to rise the 3 zero notes will be gradually withdrawn until the money supply falls from its current 38 trillion dinars to about 25 billion dinars. At that time the dinar will STILL be the strongest in the world because they have $67 billion in reserves, or nearly 275% coverage of their money at $1 per dinar. Therefore, to answer your question, the "amount of currency" in terms of its current value, is not a problem and won't be as they destroy the large notes with the rise in the value of the dinar. [post 1 of 2....stay tuned] 5-11-2015 Newshound Guru Millionday THE REASON THE NEWS IS REPORTED ABOUT THE GOVERNMENT IS THAT THIS IS A REFORM PACKAGE -- THE INVESTMENT LAWS AND THE CUSTOMS AND ALL THE NEEDS TO MAKE A MARKET ECONOMY SUCCESSFUL OR EVEN DOABLE -- THE GOVERNMENT HAS TO BE OBVIOUSLY INVOLVED. THE CBI HAS THE INDEPENDENCE TO USE TOOLS TO CONTROL THE COUNTRY`S INFLATION AND ECONOMIC HEALTH AS THEY MONITOR IT -- THE LAWS IN PLACE FOR IRAQ OBVIOUSLY ARE FOR THE MARKET AND ECONOMY RULES -- SO TO NOT INCLUDE THE GOV WOULD LEAD TO A THIRD OF THE PICTURE. TO NOT REPORT ON THE GOVERNMENT AND LAWS WOULD BE LEAVING THOSE THAT ARE INVESTED IN THE DARK -- AS THE LAWS FOR IRAQ AS WITH ALL COUNTRIES DUE TO GLOBAL ECONOMICS ARE A HUGE PART OF THE ALLOWANCE IN THAT COUNTRY.
5-11-2015 Intel Guru DC [via Adept1] We talk to the people actively trying to carry this out. They are not waiting, they didn’t make all the calls they made in the middle of the night to bankers and presidents so that they could do this in late June. A lot of the laws are very important, and yes, they need to support HCL, the National Guard, some loan stuff that has to get done. Abadi has said that there will be no holidays until these laws are passed. That’s good leadership but it’s not related to the RV. Many seem to be confusing the HCL royalty issues with the RV. That is a different issue – the government will pay onto people cards, and they need the RV and the oil revenues in hand to do that. They need the taxes coming in to pay out the various welfare programs. So until the RV happens, those other things will not go forward.
5-11-2015 Intel/Newshound Guru tman23 The 2015 Budget was passed and posted in the Gazette...In that Budget it was agreed and passed that the Kurd region would receive 17% ...So if Baghdad sold 3 million barrels per day and revenue at 4.5 billion per month...17% is 765 million usd payment... The Kurds pumping 500,000 barrels per day come up with would make the same figure of around 750 million per month...The Kurds have an economy that could explode into being the financial hub of the middle east... They have an ESX that has been waiting for one year to open listing companies yet part of the delay is not wanting to deal with the 3 zero accounting... Abadi asked for citizens to be patient until June...Abadi announced that come July Iraq will be able to make all payments on time... SO...Why the pressure from the Kurds at this time with only a few weeks to go to live up to promises made? ...the Kurds are moving forward...The question is will the CBI...because if the CBI does not...then I expect the Kurds to be doing business in USD come July.
5-11-2015 Intel Guru TNT Tony [via Adept1] We are astonished this didn’t go through this weekend. People in Iraq and elsewhere thought it would go through on Friday or Saturday. Saturday they were asked NOT to do it over the weekend – but they have always wanted us to do this at the weekend. The banks were told a flood of people would come through their doors on Monday morning. We’re being told this week and we are still in a great spot, but I can’t tell you for sure by Friday. There is NOTHING we know of that must be accomplished for the RV to happen. The rates are still live, and the bankers are still in the banks, ready to go. Right now, what we know, and those we are talking to...are telling us to get ready and don’t be 30 minutes from home. That kind of statement tells us that they are not waiting until June.
5-11-2015 Newshound Guru Enorrste ...the printing of the 50K note is not designed to solve any economic problems. It is a revenue neutral event, an even exchange. It has nothing to do with solving the fiscal problems...the solution to the fiscal crisis in Iraq is to go ahead and float the currency. A rising value of the dinar would solve innumerable problems. Imports would become cheaper (90% of the goods in Iraq are imported), Jobs would bring in more money to the GOI. Of course oil is denominated in dollars, so that would change. But as the dinar rises in value everything else becomes cheaper. So, my question is: what's the hold up?
5-11-2015 Newshound Guru Millionday Article quote: "The president of the Republic of Fuad Masum, on Sunday, will include a meeting of the three presidencies and the President of the Federal Court to discuss national reconciliation which will be after his return from Iran." SUNDAY IS WHEN THEY PLAN TO HAVE THE NATIONAL RECONCILIATION CONFERENCE FOR IRAQ ...THIS IS HUGE FOR IRAQ...THIS IS GREAT FOR THE UNITED STATES AND THEY ARE VERY HAPPY TO SEE IRAQ MOVE FORWARD.
5-11-2015 Intel/Newshound Guru Backdoc “We are committed to the convention, but Baghdad has not adhered to the agreement so far and we hope to abide by it,” noting that, “If Baghdad wishes to deal with the region as an oil consumer, we do not mind, but it must conclude a new agreement.” TO CONCLUDE THE NEW AGREEMENT WE NEED TO SEE A RATE TO IMPLEMENT HCL!
5-11-2015 Intel Guru Mnt Goat I am not saying it is going to RV in June or July. I am not setting a date but I am saying Iraq needed to address demands made by the USA prior to any RV. I am now seeing these demands being met and addressed. I am seeing the much needed laws passed and the implementation for them funded. I see just too much lining up for mid to late summer timeframe 2015 which makes me think that something is about to happen with their economy, something major. I also can see that something is holding and what holding it back now for months. This “something” is out of Iraq’s hands. [post 2 of 2]
5-11-2015 Intel Guru Mnt Goat Some say it will never reach a June timeframe. Really? No Security, No needed laws, No RV! Now also Iraq has thrown in a curve ball and told us they also need the new 50,000 notes (holding off on the 100,000 for now) as part of the liquidity issue solution. So now we also have an economic element in the mix. They intend to begin issuing these new notes to the bank in a couple months...there’s that June/July timeframe again. Today’s news is full of confirmations that yet again we are on the right track for an early summer timeframe for something dramatic in Iraq to happen. It will effect their economy and have long standing consequences for their security efforts. Maybe a very good timeframe to the see the RV? [post 1 of 2....stay tuned]
5-11-2015 Newshound/Intel Guru Top Shelf [Are all these articles still lining up with the original articles stating that the 50 note will be worth the current 50,000? It seams like they are saying that they are printing the 3 zero notes.] IT IS A PLAY ON WORDS...50 IQD = .043 USD 5/10/2015. WHEN THEY SPEAK OF A 50 THOUSAND NOTE IT IS LIKE THIS - 50,000. NOW THEY CAN BE CONFUSED OR MISS LEADING FOR A REASON, IF THEY CAME OUT WITH A NEW NOTE OF 50 DINARS IT WOULD REVEAL TOO MUCH, SO THEY SAY THEY WILL HAVE A 50,000...THEY CAN CLAIM WHAT THEY WANT, WHAT REALLY GETS RELEASED WILL BE 50 IQD. THEY THEMSELVES HAVE TROUBLE UNDERSTANDING LIFT THE THREE ZEROS. WHICH IS DONE TO KEEP MANY FROM KNOWING WHAT DIRECTION THEY WILL GO. THE SS (Spread Sheet) SHOWS OTHERWISE, REMEMBER SS IS UP TO DATE AND IT DOESNT SHOW ANYTHING LIKE THAT WITH BIG NOTE COUNTS.
5-11-2015 Newshound Guru Millionday "The governor of the Central Bank announced before the economic and investment commission in the House of Representatives that the bank in the process of printing new securities category of 50 thousand dinars to enhance the efficiency of the payments system." [it worries many here about the larger denoms when it should be going to lower denoms dont you think?] IT SHOULDNT -- MANY COUNTRIES HAVE LARGE DENOMS IN THEIR SERIES AND THEY ARE NOT FOR DAILY USE BUT AS IRAQ HAS EXPLAINED FOR STRATEGIC REASONS THAT THEY DID NOT EXPLAIN ANY FURTHER -- SO IT DOESNT WORRY ME AT ALL. LOTS OF THINGS WE HAVE BEEN WAITING ON COMING AROUND THE CORNER...
5-11-2015 Intel/Newshound Guru Backdoc ASSUMING A RE-INSTATEMENT IS ACHIEVED IN THE NEAR TERM I BELIEVE SOMETHING ADDITIONAL MAY HAPPEN POSITIVE TO THE KUWATI DINAR AND THE IRAQI DINAR AROUND THAT TIME! THE DONG MAY FOLLOW IN THEIR FOOTSTEPS AS WELL.
5-10-2015 Intel Guru DELTA WHEN THEY SAID THAT THEY WILL ISSUE LARGE CASH CATEGORIES THEY ARE TALKING HERE ABOUT A SMALL NOTE WITH HIGH PURCHASING POWER!!! THEY ARE TELLING US THAT THIS IS AN IMPORTANT STEP ON THE ROAD TO MONETARY REFORM!!! ...THEY WILL COME OUT WITH A NEW 50 = $.43...IT'S VERY CLEAR THAT IRAQ CAN'T COME OUT WITH 50000 NOTE!!!
5-10-2015 Newshound Guru Millionday [the 3s was referred by the article...about wanting to bring the currency back to the 80's to what it was?] THAT IS WHAT IT WAS IN THE 80`S AND IT WAS A LONG TIME AGO WHEN SALEH STATED THAT WAS THE PLAN -- BUT OH BOY HOW GREAT WOULD THAT BE... IT IS IN THE HISTORY --- BUT WHO KNOWS IF THE CHANGES IN OIL ETC. HAS CHANGED THE PLAN HE WAS REFERRING TO...BUT THE HIGHEST IN THE REGION HAS ALSO BEEN BROUGHT UP MORE THAN ONCE SO -- ALL VERY EXCITING TO SAY THE LEAST... WE DONT KNOW THE RATE BUT THEY HAVE BROUGHT UP SOMETHINGS THAT LEAD ANYONE TO BELIEVE THAT THEY HAVE HUGE PLANS FOR IRAQ IN THE REGION.
5-10-2015 Newshound Guru Enorrste The introduction of the 50000 note will make it possible within a couple of months to remove a large number of the 25000 notes and probably almost all of the 5000 notes. ...25000 notes constitute the vast majority of the overall currency in circulation, so their removal will cut in half the pieces of paper in circulation. Add to that the 5000 dinar notes and, presumably, some of the other 3 zero paper, and we will be well along toward achieving the reduction that the CBI wants in the amount of paper on the street. I could see this happening within the next 90 to 120 days, which would put us into the early fall. At that time I would "hope" to see the announcement of the change in the exchange rate regime...only time will tell... [post 3 of 3]
5-10-2015 Newshound Guru Enorrste I remain generally optimistic. I cannot discount the reality of the ISIS threat to Iraq's security. At the same time, however, I am emboldened by statements that have come out indicating that the head of the CBI has given the "green light" on the "project." For me, this latter comment must take precedence over the more general "security situation" discussion by others in the government who are not "in charge" of the implementation itself. Therefore, I finally fall on the side of the argument that says that there really is only a perception of delay due to our American way of seeing things rather than that the plan itself has been put on hold or that a "towel has been thrown in" for the time being. I see no direct evidence of that and will stick with the CBI director's statement about the "green light" until I see direct evidence to the contrary from him or from the CBI. [post 2 of 3....stay tuned]
5-10-2015 Newshound Guru Enorrste My personal view is that the exchange rate regime must be the first element in the overall project. Obviously you cannot remove the large notes until the value has risen to make them too valuable to remain on the streets, and the change of the exchange rate regime is the method to get the value to begin rising. So I believe that I am on solid ground in saying that the change in the exchange rate regime is "next up" with respect to the "project" implementation. ...I see entry into Article 8 and the passing of some of the laws as secondary to the actual change in the exchange rate regime. Clearly moving to Article 8 must come after the exchange rate regime change and the passing of the laws could occur either before or after the change in the regime. [post 1 of 3....stay tuned] 5-9-2015 Newshound Guru Millionday [is there any time frame for this to go down?] THEY ARE BEING PUSHED TO GET IT ALL DONE IN A HURRY -- THEY WERE WITHOUT HOLIDAY AND TOLD TO GET IT FINISHED BUT I HAVE NOT SEEN A COMMENT ON DAYS OR EXACT TIME FRAME --- IT APPEARS WITH SO MUCH HAPPENING NEXT MONTH -- THEY MUST BE UNDER THE GUN TO GET IT DONE HOWEVER.
5-9-2015 Newshound/Intel Guru BGG [I still can't understand why there's a 50k new dinar note.] there isn't - it's going to be a 50 Dinar note with the "value of" a 50k note.
5-9-2015 Newshound Guru wmawhite For those of you that are looking for an announcement of the RI/RV or think that there is a button to push, we may have already been informed of a pending change in the value of the IQD the same way the citizens have been informed. And what do I speak of? It is this 50 and 100 note announcement that the Governor of the CBI made two weeks ago. Yes,…50 note of like value. This is Iraq way of telling their citizens that change coming [in?] MAY.
5-9-2015 Intel/Newshound Guru Poppy3 ...THE MAIN PEOPLE THAT ARE ACTUALLY THE DECISION MAKERS ARE ALL STILL SAYING THEY ARE GETTING IT ALL DONE THIS MONTH AND I HAVE TO ADMIT THEY HAVE BEEN STICKING TO THEIR WORDS LATELY SO I AM STILL PRETTY PUMPED ABOUT THIS MONTH. LOTS OF RUMORS AND VERY FEW FACTS FLYING AROUND THIS WEEK BUT THE MAIN PEOPLE ARE STATING GOOD STUFF. TIME WILL TELL.
5-9-2015 Intel Guru Jester IT IS A VERY COMPLEX AND COMPLICATED SCENARIO WHICH ALL I CAN DO IT TELL YOU IS MOVING ALONG... AND THERE ARE TWO TIMELINES... THE US IS THE DECIDER OF THAT PATH.... AND WE ARE NOT IN THE KNOW ABOUT IT. THE US CONTINUES TO PLAY THE GAME... SO ALL WE CAN DO IS WAIT AND SEE WHAT THE OUTCOME IS...
5-9-2015 Intel Guru Ocrush The 1.5% world bank loan that will be distributed in July to Iraq is based on a credit rating of A! It's the length of time that was given to them (35 years) that gives them that rating and not lower! The theory is that Iraq has to have a strong currency to have a credit rating of any kind, much less an A. SO, connecting the dots! RV = A rating = above loan IN JULY! SO, an RV before then.
5-9-2015 Intel Guru TNT Tony Everything has been going through the system since yesterday. Other countries have the rates, and I don’t know how much longer this can be hidden from the world. I don’t know how they are going to hide it after Friday morning, especially Friday through Sunday. That gives you a time frame. The actual event you were waiting for took place last month. From that day, the slow rollout process has been underway. We are not calling it for today, tomorrow or the next day, but we are very, very close. It’s all good news. We are waiting for the witching hour.
5-9-2015 Newshound/Intel Guru Randy Koonce The CBI did say that they were going to drop the zeros from the bills in the month of may. OK dropping the zeros... as some say it changes the value of the bill... but it has nothing to do with rate. So DRopping Zeros to Iraq and to the CBI, and this is coming from Shabibi directly, is that he wants to get the large bills off the streets of Iraq and that is it. So for the Guru who believes it is coming out Low around 10 cents and floating up they need to learn to read a budget... and the last two budgets would implode at a 10 cent rate... and Iraq learned from Kuwait about the float, and that damaged kuwait because of materials they would try and get in... Obama has still not allowed Iraq to change the rate at the bank. Iraq has screamed at our president to let their money out.. and so far to no avail. BE SMART...JUST RELAX and breathe. Every large bank will exchange. We are close...just check the CBI...every day to see if it has changed. [post 2 of 2] [You can see the current CBI Iraqi Dinar Rate in the Dinar Guru Resource Bar on the left of this page.]
5-9-2015 Newshound/Intel Guru Randy Koonce DO NOT LISTEN to the stuff calling for any in country anything...This is just an RV. What does that mean...That means that Dr Shabibi will go to a computer and change the number on the CBI computer to a number that has a 3 digit decimal and when that happens it will take about 2 min to go across the globe...That is it...nothing more... no global restructuring. We are in the same spot since Jan. 1st of this year...If you check the CBI.IQ and there is still 1166 they could turn in money, but they are not cashing in anything. DO YOU KNOW THAT THE IRAQIS DO NOT CASH IN. THEY JUST GO AND PUT IT IN THE BANK AND GET A SMALLER BILL... THE DINAR TO THEM STILL HAS THE SAME VALUE. 25000 DINAR AFTER THE RV IS STILL 25000 DINAR...NOTHING CHANGED... THAT BILL NOW BUYS MORE... THEY DO NOT CASH A BILL IN AND GET US DOLLARS...WE DO THAT. THERE IS NO GLOBAL CHANGE THAT WILL TAKE PLACE AFTER THE RV-- JUST COUNTRIES THAT HAVE DINAR NOW CAN USE THE DINAR ON THEIR BALANCE SHEET... [post 1 of 2....stay tuned]
5-9-2015 Intel Guru DC Everything looks phenomenally good and we hope to see a conclusion really quickly. There are celebrations going on, but it is not throughout the entire country and there has not been a formal announcement...we hear that 350,000 cards are not yet able to use their cards yet. However we know they will get their cards activated. Everyone is prepared for the next few days. CBI has sent out notifications world-wide with another minor change in rates, pushing them up a tad. The USA… the banks started yesterday to update their rates and reloaded yesterday evening...the banks have had meetings about this going through. Some have sent out notifications letting their people know we will be exchanging currency. Everyone expects this will happen soon.
5-9-2015 Newshound Guru Enorrste In addition, the IMF and World Bank have praised the CBI on numerous occasions with their efforts to get back into the "real" world, even though, admittedly, even the IMF is a little frustrated at the pace of change. However, even that can largely be thrown at the feet of Maliki who stuck his man in the CBI, thereby bringing to a halt for nearly 4 years a plan that otherwise would have been implemented by now. Therefore, I have confidence that the CBI is on track. They deeply desire to have "consensus" in their actions, which is probably the cause for some of the delays from our point of view. That may just be the Iraqi way of doing things. But what is clear to me is that they are plugging along in the same direction, and this article is particularly pointed toward their goal. [post 2 of 2]
5-9-2015 Newshound Guru Enorrste Article quote: "Parliamentary sources and others close to the Iraqi Central Bank, said that a government committee concluded that a competent decision new cash paper currency printing of fifty thousand dinars category ($ 42), in light of the challenges facing the Iraqi dinar and the strength of local and global market." [it is hard to assume the CBI is doing anything right when we both have watched since late 2012 as they failed miserably with sustaining a market rate within the 2% spread.] It is true that the spread has changed, but that was due to Parliament sticking its nose in the CBI's business, not an error on the part of the CBI itself. More importantly, though, the actual offical rate has remained the same for as long as I have been in this investment, in spite of a rising money supply, ISIS, and lower oil prices. [post 1 of 2....stay tuned]
5-8-2015 Newshound Guru wmawhite [Is HCL done?] the Vice President of the United States of America...Biden...said the agreement was completed...IMO, now it is a matter of implementing the numerous pieces of the agreement
5-8-2015 Intel/Newshound Guru Poppy3 PARLIMENT HAVE BEEN ORDERED TO STAY IN SESSION UNTIL WORK IS COMPLETE ON FINANCIAL REFORM . THEY HAVE BEEN WORKING THROUGH RELIGIOUS HOLIDAY'S SINCE LAST AUGUST. I WOULDN'T WORRY ABOUT CUSTOMARY BREAKS SOME REPORTER THINKS WILL TAKE PLACE. ABADI WANTS AND NEEDS THE GOI TO HAVE RV AS BAD AS WE DO RELAX HE IS A WORKAHOLIC AND I SUSPECT REWARDS VERY SOON.
5-8-2015 Newshound Guru Millionday Article quote: "The World Bank seeks to help Iraq in its current crisis, which caused big losses to him, hoping that the bank provides loans that will be of great financial and economic interest....the loan would help Iraq to cross its financial crisis this year and the next two years that can be played by and recover a record time...the launch of this loan by next July..." HUGE INFO -- THE WORLD BANK IS PLANNING ON HELPING FOR THE NEXT TWO YEARS AS IRAQ CROSSES THE FINANCIAL CRISIS OFF THE LIST AND RECOVERS IN WHAT THEY REFER TO AS RECORD TIME -- SO THEY ARE EXPECTED TO HAVE ACCESS IN JULY AND OBVIOUSLY FOR RECONSTRUCTION AND TO BRING IN MUCH NEEDED SERVICES AS AREAS ARE MADE SAFE AND NOT A WASTE OF INVESTMENT BECAUSE OF TERORISM OF COURSE. SOUNDS LIKE IRAQ IS BEING SEEN AS THE BIGGEST OF THE BIGGEST BY THE MOST INFLUENTIAL -- CANT BEAT THAT! I HAVE TO SAY -- WHOOOPOW.
5-8-2015 Newshound Guru wmawhite [since Parliament didnt do much today...and supposedly not having another session till the 19th.. any comment?] I have never believed this event is tied to Parliament's actions or lack of action. The CBI introducing the IQD to the world currency markets and the confidence of investors placing their money into an Iraqi bank (investment law) are two separate and different items.
5-8-2015 Intel/Newshound Guru tman23 WE know July...the start of the second semester of the financial year they are starting NEW BOOKS...and these books are not going to include 3 zeros... Hakim's public announcement...A STORM IS COMING.
5-8-2015 Newshound Guru wmawhite ...in order for that new 50 IQD note to have the same buying power of $43.00 the price of goods/market place will need to drop a 1,000%. in order for that to happen the value of the IQD, which is buying those goods outside of Iraq will need to increase in value several times greater than the 1,000% needed inside of Iraq.
5-8-2015 Intel Guru Mnt Goat More on the new 50 and 100 thousand notes...these notes are for very large interbank transactions and large purchases and will eliminate having to carry around suitcases of the lower denominations (5,10,20,100,etc) once the new lower denoms are...issued and the RV pops...they confirmed for us that these large 50,000 and 100,000 are in fact not for general use by the citizens. They are a necessity and an integral part of the plan to RV. It looks like for some reason they intend to hold off on the 100,000 note for now until further notice. My guess is because to would be too easy to smuggle money out of the country using these very large notes.
5-8-2015 Intel/Newshound Guru Poppy3 FRIEND OF MINE CALLED...HE WORKS FOR HALIBURTON AND SAID A FREIND DOING EXPLORATION IN IRAQ TOLD HIM THEY HAVE FOUND A COMPLETELY NEW OIL FIELD NEVER PUMPED BEFORE AND NEVER EVEN MAPPED. MORE RESERVES.
5-8-2015 Newshound Guru Millionday THEY ARE GOING TO RELEASE THE REAL RATE FOR THE DINAR IN THE COMING PERIOD -- THIS APPEARS TO BE THE INTERNATIONAL EQUATION RESULT FOR THE ACTUAL RATE FOR THE DINAR -- IT SAYS NOTHING ABOUT BEING AT A FLOAT OR FIXED OR ANYTHING IN BETWEEN -- JUST THAT THE REAL RATE WILL BE RELEASED. CBI INCREASED THE LIQUIDITY TO GET TO THE POINT THAT THEY CAN REMOVE THE THREE ZERO CURRENCY... ACCORDING TO...REPORT...THE REAL RATE OF THE DINAR IS GOING TO BE RELEASED IN MAY... THIS IS GREAT NEWS AND A GREAT PLACE TO BE IN.
5-8-2015 Intel Guru Mnt Goat The news is just pouring out of Iraq and it is all good and much in our favor that something is brewing in this RV saga. Yes - it is heating up. I am very excited! You should be too...It is now only 3 weeks until June. Will this go until June/July. Yes and the news is telling us it most likely will... I am not setting a date but I am saying Iraq needs to address demands made by the USA prior to any RV and honestly I do not see any chance of this completing until the June/July timeframe.
5-7-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Commission of Economy confirms Cancel to delete the zeros and replace it with the currency of 50 thousand dinars category" Keep in mind this is NOT the CBI talking here...but someone from the Economy and Investment Committee that is claiming the 50k notes will be printed in lieu of deleting the 000's...I just don't find any basis for this kind of action on Iraq's part at this time other than to cause confusion with people...no this makes no sense at all when the CBI has been talking at least since 2012 of the 000's removal...and as late as March they were given the green light to do so.
5-7-2015 Newshound Guru Adam Montana [Has Iraq become Article 8 compliant...Isn't this a stipulation that has to be addressed before anything can move forward?] Article 8 isn't as important to the RV as some make it sound. With that said, I get the feeling it is on the back burner at this time, and that doesn't bother me at all.
5-7-2015 Newshound Guru Breitling Printing the 50K note…even if they come out with a 100K note or a 250K note on down the road…what does it do to us? It limits how far the dinar is going to revalue. The information I got at the beginning of 2014 was that you and I would be able to sit on our currency as long as we want and get to the dollar or 3 dollar mark…putting up the 50k note reverses that policy. So instead of a 50k not getting to a dollar we're looking at 40 to 50 cents range…timing is going to take a little longer but its still going to go down the same road so you don't need to be worrying about that…They are still reducing the note count and this is a way to do it. But they are also reducing the amount of dinar. This basically puts a cap on where you and I can cash out on and extends the time on when they are going to start adding it's full value. They will start adding value…they will. You have to adjust.
5-7-2015 Newshound Guru wmawhite I believe there are reasons to expect to see a change in the value of the IQD at any moment...
5-7-2015 Newshound Guru Kaperoni the term "real exchange rate" does not mean literal...real exchange rate is the cost of goods for same items in another country... example how much dinar for 3 bottle of wine...the exchange rate we care about is called the nominal exchange rate.
5-7-2015 Newshound Guru Millionday [if they are going to go back to the 3 dollar plus rate...then why the 50K note..or 50 note...wouldnt that put that dinar note worth about 150 dollars? if it was 86 cents...that would make it about 43 dollars?] THE 86 CENTS COMES FROM THE 00086 THAT THE RATE IS NOW AND ALL THAT WAS DONE BY PEOPLE THAT Are STATING THAT IS THE RATE IS THEY KNOCKED OFF THE THREE ZEROS -- THIS IS NOT -- I REPEAT NOT -- THE INTERNATIONAL EQUATION -- IT MAKES NO SENSE IN CALCULATING THE INTERNATIONAL TRADE RATE FOR THE DINAR.
5-7-2015 Newshound Guru wmawhite For those of you that are looking for an announcement of the RI/RV or think that there is a button to push, we may have already been informed of a pending change in the value of the IQD the same way the citizens have been informed. And what do I speak of? It is this 50 and 100 note announcement that the Governor of the CBI made two weeks ago. Yes,...50 note of like value. This is Iraq way of telling their citizens that change is coming.
5-7-2015 Intel/Newshound Guru Poppy3 LOTS GETTING DONE. INTERESTED FOR SURE IN...THE PRIVATE CLOSED DOOR MEETING TODAY [WEDNESDAY] AND PARLIAMENT MEETING TOMORROW [THURSDAY]. QUESTION IS HOW MUCH PROGRESS AND WHAT IS THE REASON SENIOR WORLD BANK EXECUTIVES ARE IN ATTENDANCE. AS WE KNOW TEMPORARY HCL IS IN PLACE AND A SPECIAL GROUP HAVE BEEN STUDYING A PERMANENT SET OF HCL RULES INCORPORATED WITH OTHER LAWS OF PROTECTION FOR ALL. [See poll above: What are the odds of the Iraqi Dinar increasing in value in 2015?]
5-7-2015 Newshound Guru wmawhite Regardless of how this is going to roll out...it is good to understand that most of us believe we are closer than ever before.
5-7-2015 Newshound Guru Kaperoni back in 2012 the CBI decided to float the dinar. As Dr. Bakri said...the "specialists look at the long term" [the CBI has NEVER stated there will be a float.] actually...they did. let me get a quote from the CBI: "A source at the Central Bank of Iraq for four companies currently competing to win a draft print the new Iraqi dinar, which will generate graceful after deleting three zeros from him, while Samay central bank to raise the value of the dinar against the dollar gradually down to the day to start replacement where the value will be in the absence of a fluctuating one Iraqi dinars equivalent to U.S. dollars one." Let me point out what is said here..."to raise the value of the dinar against the dollar gradually." The IMF is very direct and clear in the 2013 Article IV consultation...they also say gradual appreciation. ...it will never overnight RV.
5-7-2015 Intel/Newshound Guru Backdoc THEN WE SEE AN ANNOUNCEMENT RELEASED BY THE CBI THAT REASSURES ALL BANKS THAT ARE PROPERLY LICENSED WILL BE ABLE TO BROKER THE EXCHANGE OF FOREIGN CURRENCY!! THEN TODAY WE SEE AN ARTICLE THAT ADMITS ACTION TAKEN BY THE CENTRAL BANK THAT WILL GRADUALLY RAISE THE VALUE OF THE DINAR. THANK YOU [GURU] TOPSHELF...I LIKE THAT 3.93 ZIP CODE...! [reference Guru Topshelf post below, 5-7-2015] AND ONE MORE THING THE FINANCE COMMITTEE DENIES THE GOVT. FROM PUTTING THEIR HAND IN THE COOKIE JAR AND SPENDING THEIR RESERVES! [post 2 of 2]
5-7-2015 Intel/Newshound Guru Backdoc WE HEAR THE WORLD BANK CALLING FOR IRAQ TO DIVERSIFY AND ACTIVATE THEIR PRIVATE SECTOR! THEN TODAY WE SEE AN ARTICLE THAT ADMITS ACTION TAKEN BY THE CENTRAL BANK THAT WILL GRADUALLY RAISE THE VALUE OF THE DINAR. NEXT, WE HEAR THE COUNCIL OF MINISTERS SAYING THEY ARE SERIOUS ABOUT ACTIVATING THE PRIVATE SECTOR. THEN WE HEAR OF A TWO DAY HOLIDAY THAT STRETCHES INTO A 7 DAY HOLIDAY. [post 1 of 2....stay tuned]
5-7-2015 Newshound/Intel Guru Topshelf The .10 cent number goes clear back to the beginning of January...and it’s based on contract amounts. Remember... when Delta..said … “...1166 is gone from the spreadsheet.” Ever since that day we knew that they were doing the mathematics. Why? Because they got the Green-Light like a month before that! The 3 zeros are being lifted right before your eyes...off of the exchange rate! It started at .10 cents and went around .85 to 1.17 and now it’s at this level... One of our sources called...it appears that certain “things” with the bonds in Iraq ...the IMF...CL...seem to coincide with the area code calculations... [393]. “AREA CODE” is a code for the number [rate] that you seek." Do you know what is about to happen? I know...silly question. Of course you do...info is coming in so fast. This is the same thing that happened with the monetary reform of the Kuwait dinar in the late 90’s. [post 2 of 2]
5-7-2015 Newshound/Intel Guru Topshelf [new Guru] [via FrostyTheSnowman] First...the CBI spreadsheet is up-to-date...within 3 days...they are spending money...and they are paying on contracts... and by paying it...that increases the value of certain currencies. One is removing debt...but it’s also how they got the money to pay for the debts...and made trillions off of it. Contracts being paid are in US dollars and some people thought if that happened that would be the end of this investment. I’m here to tell you that was the best part of this whole thing. Dr. S [Shabibi] is superman! February 19th was the last auction. ...auctions have been going on...they never stopped. They have been hiding it. There’s data...it’s been ongoing and now it’s public anyone can view it. They have created the LIQUIDITY...that they needed...they paid off debt based on the contract amount. Not based on people hedging or making this an investment. [post 1 of 2....stay tuned]
5-6-2015 Newshound Guru Millionday Article quote: "...economic academic Dr. Majid Baidhani that the dinar exchange rate against the dollar will soon return from rates over a short period due to the slow recovery of oil prices..." THE DINAR EXCHANGE RATE WILL RETURN AGAINST THE DOLLAR OVER A SHORT PERIOD OF TIME. THEY BEGAN TO CALCULATE THE REAL EXCHANGE RATE IN MARCH AND DUE TO THE SUCCESS IN DAASH VICTORIES AND THE PRICE OF OIL RAISING --- THE REAL EXCHANGE RATE WILL BE RELEASED IN THE COMING PERIOD...WHOOOPOW. THIS WOULD BE A REVALUE OF THE DINAR. SALEH STATED A LONG TIME AGO WHEN HE WAS TALKING ABOUT THE GOAL OF THE ECONOMIC CONDITION THEY WERE WORKING TOWARD FOR IRAQ WOULD BRING THE DINAR EXCHANGE RATE BACK TO CLOSE TO WHAT IT WAS IN THE 80S. IN THE 80S -- AND UNTIL THE IMPOSED RATE WAS PLACED IT WAS IN THE 3S -- BUT THEY ARE STATING THE REAL EXCHANGE RATE SO THAT HAS NOT BEEN RELEASED BUT IS CALCULATED THROUGH THE INTERNATIONAL EQUATION AND HAS A GLOBAL FORMULA.
5-6-2015 Newshound Guru Adam Montana [How does Iraq's request for a sovereign credit rating impact on the RV? Will this help to speed things up?] That's a good question, and it could go many ways. One possibility is that once the credit rating is started, they RV, and obviously the credit rating agencies will be in a rush to get Iraq listed. It's a lot easier for the world to benefit from Iraq when they have a higher valued currency and are listed as a tradable currency. If anything, I see this as a booster, not an anchor.
5-6-2015 Intel Guru TNT Tony